|
I think there should be:
- A give-away subforum for all the '1 free coin' topics. This will reduce forum clutter.
- A subforum for newly launched coins. Once the coin passes 4 weeks old it can then be posted about in the main alt crypto forum. This will make it easier to keep track of new coins and again, reduce clutter.
- A subforum for Litecoin, since it's bigger than all the other alternate cryptocurrencies combined in terms of market capitalisation
|
|
|
|
Yes i know about pruning. Im not talking about the problem of the size of the blockchain. im talking about the limitation on the total number of transactions a miner can receive and thus record in a 10 minute period based on bandwidth limitations. That is if bitcoin became the dominate currency of the world, there would be so many requests for transactions that a miner couldn't possibly download them all as fast as they were being relayed.
I am confused. How does having more coins create more mining resources? If there were ten bitcoin clones and the transactions are being done across them, it will still take the same amount of mining no? Or am I misunderstanding? |
|
|
|
I would sign it too if they would unfreeze my locked wallet/account which they frozen today out of the blue for no reason and giving no answer to my 2 e-mails I sent to them thus locking all my funds there.
Many of us have lost all access to our btc-e accounts for a long time now. The ones that did get back in found their coins gone. Good luck but I don't expect you'll get it back. Are you sure your account wasn't just hacked and the coins cleared out? I successfully did a 30k USD bank wire out of btc-e.com during this mess with no problems... |
|
|
|
There's a lot of reasons why I don't like ripple. - It's closed source
- It's too centralised
- The founders have hoarded 100 billion XRP
- Too complicated
If people find Bitcoin too complicated they haven't got a hope in hell of wrapping their head around Ripple. |
|
|
|
Except it seems they have a chicken/egg problem. The whole idea of using a crypto-currency is to avoid counterparty risk to the extreme (along with the speed/portability of digital media). That is the principle that most bitcoiners want in their currency. Here, we have Ripple/OpenCoin saying, hey look, theoretically we would have no incentive to dump our coins, stay closed source & centralized, harm other forks, comply with onerous government demands. However, the counterparty risk still currently exists. I don't care if they say, "We won't do that!". I want to know that they can't do that. Except that Ripple serves TWO functions (not just one, like Bitcoin). You can create a Ripple wallet, deposit money into your preferred gateway, send and receive payments in a cryptographically secure way, and redeem money at your preferred gateway, all without ever using XRP as a currency or holding a position in XRP. People from Bitcoinlandia tend to view other crypto-currency systems with in a myopic way. XRP are there only if you want them. They can be pretty useful to provide liquidity between U.S. dollar denominated IOUs from different gateways (and with the liquidity provider / arbitrageur making a small profit on the trade). Regular users won't see these behind the scenes activities, they will just enjoy the benefits of highly liquid markets and the network effects that Ripple allows. I feel very uncomfortable using a currency where one entity effectively controls 99.99% of all currency units. Right. And as I said you don't have to use XRP as a currency if you don't want to. Do you have some kind of affiliation or connection Ripple? Just asking because I see a lot of your posts are about Ripple... |
|
|
|
Proudhon, may I ask what changed in two days to make you so bullish compared to two days ago?
Oh, I just began reading a lot about how much attention the infrastructure is getting, and it looks like people concerned with those things realize better now how robust and scalable their designs need to be, and it looks like developers are interested in building the right sort of systems. MtGox, in particular, seems to be doing much better now, even as we're seeing record trade volumes. As far as trading goes, the activity down to and around $50 looked bottom-ish enough that I think it probably is. It will be a struggle moving beyond last week, but it looks like the development community is serious about it. So basically, you bought back in and now you're bullish? |
|
|
|
|
Liking all these PPC bulls in the house.
|
|
|
|
no, bytecoin had superb launch.
- earlier notice of a launch
- full description how it would work , no hidden 250x rewards
- all binaries available at start, most importantly a 70% user-base windows QT
Not strictly true about the launch imo. Notice was given in the newbs forum. First I heard about it in this subforum was after it launched. |
|
|
|
So everytime a bubble pops it goes exactly the same way as the bubble before? What is this physical law called?
No of course not. But we're in a crash right now and it's logical to compare it to the other major crash. We are not out of the woods yet. Third correction coming according to my math. |
|
|
|
|
4. Signed sealed and delivered
|
|
|
|
|
In the past we went from $30 to $2, that is a factor of fifteen decrease. It was sparked by a hack at mtgox, but even before that the conditions were ripe for a bubble pop.
And here we are this week, down to $72 from $270. Again sparked by trouble at mtgox, but even before that the sheer speed of the increase in price and general mass hysteria indicated a bubble pop was coming.
History repeats itself.
$270/15 = $18. But this isn't an exact science so I will settle for a round $20.
|
|
|
|
|
V nice article. PPCoin snatching 3rd place for market capitalisation earned it a place in that story.
We are going to see more and more articles like this. It's a great story having these competing crypto currencies fighting each other, makes for an interesting read.
|
|
|
|
are you sure its that much? dang that'll def affect the trc price. that explains why the price has been going down even amidst the hype
and pretty sure somebody mined like 200,000, you can see a major dump causing the down trend
yeah if you numbers are correct... trc better get a lot slower
That's what I counted. Let's check I am getting this right. This second it's 2,140,588 according to dustcoin.com, I'll be back in 24 hours. |
|
|
|
|
So in the last 24 hours I've counted roughly 55k coins being produced for TRC, based around TRC's variable difficulty algorithm.
I'm also seeing a lot more coins flooding onto btc-e.com, whereas before they were pretty sparse.
Does 50k+ coins a day seem too much for a coin that is this mature? There are 2.1 million Terracoins in total, so 55k is like 2.5% of the total money supply!
|
|
|
|
|
That Flibbr guy is a huge troll. I've told him in btc-e chat there are 18.5 million PPCoins in circulation, not 2 billion and he goes ok. 1 hour later... '2 billion PPCoins! Who wants to buy a coin with that many!!' etc.
His main aim is to trash talk PPCoin. And PPCoin wasn't premined. There were a large amount of coins mined in the first day by everyone that took part but that was after the PPCoin announcement and people were given notice. That guy should also be careful of the claims he airs on twitter which could be construed as defamation of character, I'm surprised he is dumb enough to make such remarks whilst representing a business.
At the end of the day, every coin has a ton of early miners with a huge amount of coins.
|
|
|
|
How is TRC holding up with it's new patch guys? Want to know if it's safe to buy some... hmmm confused? price doubled but its now 4 times less profitable to mine trc? did difficulty go up?
If you look at it in terms of TRC->BTC. If TRC is to be used as currency, you shouldn't look at it's price as per BTC. was considering mining trc but now its half as profitable as btc unless websites wrong Dustcoin has TRC at 500% profitability. what? i see 50%,,,can anyone mining confirm this It's gone back down to 50%. |
|
|
|
I was under the impression the problems had finally been fixed, network looks healthy now, new diff calculations appear to be working.
Yeah, what im saying is that EVEN the dev scammed/tricked everybody to sell by this event that happened, which kinda seems made up for that reason(if you read the other threads you will get the same impression). So, its dead/dying. Again im saying that i may be wrong. disclaimer: i didnt had much, i had around 200 and sold half of them in that event, so i am not saying what i say coz "im butthurt" (just sayin  ) Meh I think scam is a harsh word. Look through my posts I bash TRC pretty hard but I wouldn't call what happened a scam. The blockchain was forking, ASICs were causing mayhem... it genuinely looked like the dev had given up. Plus the dev emailed btc-e.com privately, it wasn't a public announcement, the dev had no way of knowing that btc-e.com wouldn't just remove TRC from the exchange. |
|
|
|
How is TRC holding up with it's new patch guys? Want to know if it's safe to buy some... hmmm confused? price doubled but its now 4 times less profitable to mine trc? did difficulty go up?
If you look at it in terms of TRC->BTC. If TRC is to be used as currency, you shouldn't look at it's price as per BTC. was considering mining trc but now its half as profitable as btc unless websites wrong Dustcoin has TRC at 500% profitability.
|
|
|
|
|
I guess now it's fixed people think it's undervalued relative to where it was before the ASIC attacks.
Will be interesting to see how it handles the ASICs this time around...
|
|
|
|
|
Show Posts
