Huge wall buys on Vircurex and Btce even though this is clearly out there....
Actually no, I don't think this is clearly out there. There are thousands of people on BTC-E trading, but it's obvious there are not thousands of people on this thread because otherwise this thread would look like the troll box. People at BTC-E are just seeing the charts and thinking "oh it's getting really cheap!" they have no idea whats happening because they don't bother to research what they are even investing into. They just think they are getting a good deal when really they are getting screwed. This is true. I don't know why I used to assume most people who invested in cryptos were smart or did their research. |
|
|
|
|
Sunny the lead dev of PPCoin has confirmed it + there have been numerous things going wrong with TRC lately.
I guess we await an official public confirmation to seal it.
|
|
|
|
Should be good. When shit got real yesterday I panicked and liquidated 20k LTC into USD. Facepalm  Still got a ton of em though. I may buy some extra also. Turning USD to LTC is such a hassle. :sigh: LTC has gone on a nice little run since this topic. Sitting at $2.4 right now  |
|
|
|
As ingenious and protective the PPC coin difficulty algo is, how about when 5,10,20 ASIC's fire up against it.
I would have thought, the more ASICs there are the better. I thought the whole problem was a single ASIC has the majority of the computational power. But if there 10 ASICs that wouldn't be the case. So ironically a mass of ASICs is a better situation than a solitary ASIC with a dominating computational stake. Is that right or wrong..? |
|
|
|
True or not, I'm out and not willing to lost any more penny in this crapcoin.
Put the money into PPCoin imo. Similarly priced but in a far superior position in terms of market capitalisation, smart development and original ideas. |
|
|
|
|
Someone should contact Vircurex about this.
|
|
|
|
|
Something no-one understands except the creators lol.
|
|
|
|
Anyway can you explain why 1 billion+ coins were chosen instead of 21 million (or 11 million as I suggest)?
Forget about the 2 billion figure, it's only used for consistency checking, has nothing to do with future money supply. The coin cap is not pre-determined it depends on market interest in PPCoin. Higher market interest = less coins produced. Based on current market interest PPCoin looks likely to follow Litecoins supply growth I believe (Litecoin has 84 million coins as it's cap). |
|
|
|
Should be good. When shit got real yesterday I panicked and liquidated 20k LTC into USD. Facepalm Still got a ton of em though. |
|
|
|
yes, we still don't know what other alt will be supported, but i think the choices are between
LTC <-> XRP -> will be one of this (or nmc?)
It would be a big surprise if XRP support was unveiled. My money is on LTC. |
|
|
|
|
Was anything malicious actually occurring or was it an innocent ASIC miner causing the difficulty to screw up further?
|
|
|
|
I heard PPCoin has a way to do proof-of-stake so it's possible to avoid this difficulty issues.
This is another reason why PPCoin is undervalued. 51% attacks can't be performed computationally. Even if someone has 95% of the hash power they couldn't mess up the PPCoin block chain. And not only that PPCoin has a smart difficulty adjustment and retargeting which isn't resulting in the problems BTE and TRC experienced. |
|
|
|
|
Could we see a massive reversal in fortune from btc to ltc? Especially if mtgox puts ltc on their website this month...
|
|
|
|
|
Maybe some accounts got brute forced. It always was a weakness that you could see everyone's login names in the trollbox.
|
|
|
|
If it was 51%, we wouldn't see anything. It's more that he's just messing the diff up alot (I think). More likely he is *selling* those coins. We would see something, in our debug logs... like I said BTC-e only react to forum threads, not to what is happening right now in the chain of the alt currencies. A guy who is 51%ing TRC can deposit TRC into BTC-e , trade it, withdraw BTC, 51% the chain and get his TRC back. Are you suggesting we should make BTC-e.com aware of this thread? Does this have implications in terms of TRC being unsafe to trade on BTC-e.com or is it safe? |
|
|
|
Maybe I'm naive, but why is litecoin 'better'?
+ Fairer mining. |
|
|
|
|
Question I have is, if TRC uses this what makes it different from the more established coins BTC and LTC? Terracoin's difficulty adjustment is supposed to be it's unique selling point...
|
|
|
|
Cant login to BTC-e also mtgox has 7min lag and prices are as followed B = $179 L = $3.80  I'm logged into BTC-e now, everything rallying up superhard |
|
|
|
|
Good God. Not another TRC mess up. This is getting silly.
I thought there was supposed to be some kind of hard coded 3 day hack in this patch that guaranteed us at least 3 days of no difficulty chaos.
And as usual we have crazy_rabbit running around telling us everything is fine, as the coin is jumping up and down from 400 to 40k.
|
|
|
|
|
Bear in mind PPCoin's were going for 2 cents 3 weeks ago.
We'll know more when we how people react to Litecoin being on mtgox.
|
|
|
|
|
Show Posts
