If Mark Zuckerberg wanted to get in on the crypto community scene, all he has to do is buy 50k Bitcoins. If he makes that purchase public knowledge, he can cause a sudden spike in the price of Bitcoin, potentially netting him a quick $5M profit. At that point, he can take his money out or stay with the community. Regardless, it would be more profitable for him, or any Silicon Valley entrepreneur for that matter, to simply invest in Bitcoin than a new clone. I'm not against the idea of promoting cryptocurrencies to Silicon Valley companies, but it seems to me that all this community support would be more useful promoting Bitcoin than another clone. In the end, the best response that one could expect from a Silicon Valley company rep regarding this coin would be "We'll start accepting Bitcoins for payment so exchange those vouchers for Bitcoins first."

Do we have to purchase an R7 240 between the hours of 1700-2000 EST of April 4 in order to be entered in the raffle, or can we buy an R7 240 as long as supplies last and still be entered? Is there an exact cutoff date for participation?

I would like to participate in this contest.

I have taken the first half of the mandatory signature and edited minor parts of it to accommodate it into my signature space.

I have liked the Facebook page and am willing to provide my Facebook username via PM if necessary.

DATE AS OF THIS POST: 04/02/14, 10:13 PM PST

Where is the Github page for the source code?

The free market decides everything. Essentially, sellers set a price which they think is a fair price while buyers do the same. Eventually, a baseline price is determined when either one of the two yields to the other or they find a middle price.

That is an unsatisfying answer, but it's better than the canned "to the moon" response that has plagued many threads since it was first coined. I would argue that Bitcoin already fits that bill and has answered that "speculation," but that's largely irrelevant at this point. Good luck to you and your coin nonetheless.

I'm not sure that I get this coin. What exactly are we speculating on? When we speculate on other coins, we do so on the possibility that it would get adopted by merchants. If this coin is designed not to have any use, are we speculating on the possibility that someone will choose to risk his/her business by offering merchant support to a coin designed not to be spent? I ask this because I think it makes sense for me to know what I am speculating on when someone asks me to do so.

If the dev tells me that this coin is just an experiment to observe the end-of-block-rewards stage of coins in general, I would be satisfied with that answer. That would mean that this coin was not designed to be speculated on though. Also, a handful of noteworthy coins have already reached that stage, so this experiment seems redundant to me.

Would you someone be willing to clarify a few points for me? I already participate in distributed computing for Team Ripple Labs, and I want to know if switching to Gridcoin and configuring additional software for it is worth the hassle.

From what I can gather, my wallet has to participate in Scrypt mining in addition to running the distributed computing manager. Is that correct? Or do I earn Gridcoin by simply participating in the distributed computing network?

I have signed up for the free initial giveaway.

Thanks in advance.

Yo do realize that the current crypto market revolves around ponzi coin trading, right? Most coins do not and will never have merchant support. By buying those low and selling them high, you are effectively earning a profit by taking money from a future bagholder who will never get that investment back. I cannot say that I have a problem with that since that's how crypto day trading works, but I would think that your belief would include "don't make a profit off of another person's loss" despite it not being one of the historically accepted commandments.

Satoshi Nakamoto is Bitcoin's developer. In addition, Bitcoin has an entire organization of experienced programmers analyzing and rewriting its source, not to mention a few companies with well-vetted software engineers on their employee rosters sending feedback to the Bitcoin Foundation in order to optimize their infrastructure without having to write their own wallet software. I don't know what point you were trying to make, but you can't support it with incorrect information.

You don't create demand by fraudulently raising the price of something. If you back the coin with goods and services, then you are creating demand. If you are making people believe that the coin is worth more than it actually is so that you can make a profit, then you are scamming -- we call that a ponzi scheme.

I get the feeling that PoS coins will become more popular after this ruling.

Your comment is actually an ignorant assertion that is likely based on a newcomer's perspective. Bitcoin had no real trading value back then, and a lot of people were unwilling to begin the process of finding it. That guy was willing to, so a decent number of Bitcoin vets consider him somewhat of a hero in the crypto community. Someone had to start trading with Bitcoins; otherwise, it would have just ended up being hoarded by thousands of people hoping that somebody would back the coin with actual goods and services.

Block   Approx. Time   Transactions   Value Out   Difficulty   Outstanding   Average Age   Chain Age   % CoinDD
10   2014-03-19 16:06:39   1   36000000   0.0   360000500   0.0348727   0.61338   0%
9   2014-03-19 16:06:09   1   36000000   0.0   324000500   0.0384028   0.613032   -1.42109e-14%
8   2014-03-19 16:05:56   1   36000000   0.0   288000500   0.0430556   0.612882   0%
7   2014-03-19 15:48:30   1   36000000   0.0   252000500   0.0371065   0.600775   0%
6   2014-03-19 15:06:42   1   36000000   0.0   216000500   0.0142593   0.571748   0%
5   2014-03-19 15:00:00   1   36000000   0.0   180000500   0.0124537   0.567095   0%
4   2014-03-19 14:52:17   1   36000000   0.0   144000500   0.0102199   0.561736   0%
3   2014-03-19 14:37:05   1   36000000   0.0   108000500   0.00306713   0.551181   0%
2   2014-03-19 14:32:09   1   36000000   0.0   72000500   0.00118056   0.547755   0%
1   2014-03-19 14:28:45   1   36000000   0.0   36000500   0   0.545394   0%
0   2014-03-19 01:23:23   1   500   0.0   500   0   0   


I also personally tested the wallet yesterday and I was unable to connect to any nodes in the network. I then decided to mine with the only pool, but a few of the addresses which mined the original 10 blocks were silently getting all the blocks via solo mining. Decide for yourselves whether it's worth the trouble.

If I'm already computing for Team Ripple Labs, would I be eligible for your giveaway? If so, am I required to leave Team Ripple Labs or create a new account?

If you're mining Bitcoin with USB ASICs, then you're doing it wrong. There are other SHA256 coins which offer a faster RoI. Mining newly launched coins for speculative purposes also speeds up getting your RoI by at least a factor of 5 (based on my experience, not generalized facts).

That description is essentially what a cryptocurrency is. None of those characteristics is unique to this coin. (One can argue that Bitcoin's 10-minute block time is slow, but that's only relative to the newer coins that have been testing the limits of speedy block times.)

That's just an arbitrary price that you randomly picked though. If you can personally back the coin with goods and services at that rate, then I'll gladly buy a few coins from you to add to my stash, pun intended. However, the truth is that Stashcoin is backed by nothing but pure market speculation at the moment. The free market itself will dictate what the coin's value is.

Animecoin is a community coin. It was not made to make day traders an easy profit. A lot of people are trying to help the coin succeed, and none of us are doing it by QQing about not making any profit from it.