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2861  Local / Trading und Spekulation / Re: MtGox geht in Konkurs on: November 20, 2014, 05:15:36 PM
Hier ist es nochmal schlimmer, da Mark und der Insolvenzverwalter mit dem Segen des Gerichts anscheinend auch noch die restlichen 200k BTC abgreifen, die gar nicht zur Insolvenzmasse gehören dürften, sondern Kundeneinlagen sind! Bei Mark besteht die Chance, dass er als Dank irgendwann ein bischen zusätzliches Blei im Kopf hat - die 100 BTC dafür sind und bleiben reserviert.

Es sind mittlerweile zuviele BTC in Händen wo die nicht hingehören. Summe gesammt über Pirateat40, die ganzen Silkroads 1,2+3, MtGox etc würde mich interessieren.

Einiges von dem beschlagnahmten Geld sollte doch zur Staatsfinanzierung in eine Auktion fliessen? US dann, nicht hier.
Gab's da was in der Zwischenzeit?
2862  Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer on: November 20, 2014, 03:52:02 PM
Can someone give an explanation for "trivial to dilute it (infinitely)" for non-native speakers?
What does this mean? What is going to be diluted?
Point!
Quote
As regards “unifying force”, I can't help but conclude that the only unifying force that this community experiences collectively is gravity.
With a more positive stance, since that quote above was from a thread talking about brand identity, nomen est omen or memorable collectibles. Language has to reach across national or political barriers. You cannot name anything "Somethingparty" and expect reception.
Well maybe they want to relabel that later on.

I was mildly surprised by my own reaction on the label. Perhaps naming a coin is of more importance then it is currently assumed. Anycoin, ShitXShares, Dogefunny are for the trashcan.
2863  Alternate cryptocurrencies / Altcoin Discussion / Re: What Would You Want In A Coin? - 2015 on: November 20, 2014, 02:58:50 PM
Other things of note:

Transactional Embeddable Data - Check
Decentralized Marketplace - Check
Decentralized Exchange - Check
Turing Complete - Check
Mail, Chat & IM - Check
Alias, Profiles & Ratings - Check
POS Ready - Check
...
I can keep going Smiley

Which of these could get included into classical Bitcoin?

One of the early innovation has come from Peercoin, adding POS to POW mining. Sometimes marvelling if Bitcoin will pick that up later on the road, to keep TX fees low and still secure the network on dwindling hashrates.

Perhaps we are a tad to much focusing on a new coin, and not enough on coin evolution of any older one.

Bitcoin is actually works, and some nice interfaces have been built, but it isn't very fast.

A kind of service provider in between phone and your wallet could act as a proxy for lightning fast transactions. Like a prepaid mobile wallet. At the end of the month (or paid in advance) you transfer X BTC to ballances.
Admitting that is pretty much going back to let's say PayPal or similars. But not "all the way back" since one would use that ONLY for the small and quick transfers, think cup of coffee.
2864  Alternate cryptocurrencies / Altcoin Discussion / Re: The Currency Most Likely to Challenge Bitcoin for Consumer Adoption on: November 20, 2014, 12:24:04 PM
I sure wish I could post an update everyday without getting it deleted. Hell, I wish I could post one post about our staking hardware without getting it deleted. But we get to see Goldcoin update threads every two days

Thanks mprep. Stellar job you're doing here

That must been 365/2 posts about GLD, if it is the same GLD coin that shows Market Cap data reaching back into 2013.

$ 150 of it changed hands last 24h, looking pretty much dead by now. I wounder how big the gold market is, down there in South Africa.

Quote
just under one cent per coin with a market capitalization of $249,807.00, according to Coinmarketcap.com
$ 242,050 now, has lost $ 7757 just after OP posted.
2865  Alternate cryptocurrencies / Altcoin Discussion / Re: What Would You Want In A Coin? - 2015 on: November 20, 2014, 06:01:25 AM
Ok so fair release is obviously a big deal without a premine - could you explain more about how to get a transparent chain with privacy?

You can't really get a huge market cap early on - the coin would have to grow - technically every single coin starts with a market cap of 0.

You got down to the core pretty quick! Yes, obviously the "Wants In A Coin" are mutually exclusive.

Mixing is a parameter of Cryptonote coins (XMR, BBR, ++) but basically if a coin allows "high privacy" in transactions, you imediately get all of the drawbacks in an instant. Block explorers are then futile.
Means you cannot reliably do developer fundings using a publically visible adress and such. ICOs. Reasonable premines (Premine isn't bad per se, it depends upon size) and control when they are utilized.

Some coins reached top rankings by providing 28,989,252,282 or even 192,460,096,981 coins and then later accumulating value like $ 0.000002 a coin. Seems the market is reluctant to catch up there, if numbers are inside those regions.
Still, 10millions of BTC are a tad smallish on the long run. I think a thousand dollars a coin is a psychological barrier that will not get stretched further. So Coinmarketcap gets designed by possible coin supply early onwards.

Just some ramblings. Pick up what inspires you, and others are invited to brainstorm, too.
2866  Economy / Economics / Re: Was Bitcoin actually just a Pump and Dump? on: November 20, 2014, 02:20:40 AM
No. If this was the case Satoshi would have dumped his coins and bought his own island by now. That's not to say he wont dump them in the future but there's always the risk.

So we are standing somewhere after the Pump but still before the Dump.

Smart people are allready selling before the last step happens.
2867  Bitcoin / Bitcoin Discussion / Re: Btc Price Was Higher Last Year Than Today on: November 20, 2014, 02:12:27 AM
Unless of course you're in it only for the speculative aspect, purely for the profit like majority of the people are.

523352 Posts in Bitcoin Discussion, 905484 Posts (twice that much) in Mining subforum. The mining aspect is what the majority of the people are attending for.

So that Joe Average no more mines at home is of higher concern than market values. Since the later just follows the former.
2868  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency (mandatory upgrade) on: November 20, 2014, 01:58:45 AM
Wait! We will hear that monero becomes botnet resistant and GPU minable  Roll Eyes
Actually they will announce the new XMR ASIC :p

One day, but not now.

Before that you will see "X11 FPGA" boards featuring: 11 chips on board Roll Eyes
2869  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency (mandatory upgrade) on: November 19, 2014, 10:30:57 PM
I was compiling monero from source.

Quote
 It fails with the following output:

   Change Dir: /home/tietokone/Työpöytä/monero/build/release/CMakeFiles/CMakeTmp
There are some cmake errors and missing files. What should I do?

change to some 7bit/ANSI compliant path
2870  Alternate cryptocurrencies / Altcoin Discussion / Re: What Would You Want In A Coin? - 2015 on: November 19, 2014, 10:16:45 PM
Hello Everyone,

Just curious for 2015 what features would you be interested in seeing in your 'ultimate' coin?

The most hated feature, early adopter wise in a ponzi, is "fair distribution". They hate nothing more than that.
Just on the long ponzis have that tendency to always fail.

Well any 2015 coin should have the potential for a clean start. Unlike that Pirateat40 seizure, Silkroad seizure, Silkroad seizure again, MtGox ... most of Bitcoin are in doubtfull hands by now. And then, there was the Satoshi premine.

The thing Bitcoin was slacking the most is privacy related. On the other hand we are using Blockchain Explorers ourselfes each and every day. So ideally a transparent chain WITH privacy. Think out how you could archive that. Hint: Mixing factors.

Other details are huuge coin supply for a huuge market cap, fast confirmations without blockchain bloat. A pruning concept has to be designed from early onwards.

That are basically the eight points that come to mind.
2871  Alternate cryptocurrencies / Altcoin Discussion / Re: which alts are left that have some serious promise and WHY?? in DETAIL. on: November 19, 2014, 06:42:22 PM
Now it a bitcoin costs 500$ and you calculate 500$ / 500 = 1$. So 1$ should be the minimum value of NXT, if bitcoin is 1000$ so 2$ should be the value of NXT, but because NXT is very innovativ, the value could also be 5$ or 10$ but only if people accept crypto currencies and use it maybe in 2 years.

Dude...

BTC != 1000$ exactly, not even nearby
2872  Alternate cryptocurrencies / Altcoin Discussion / Re: If Bitcoin fails, all cryptos fail? on: November 19, 2014, 06:30:42 PM
[1] = We have end 2014: Just look at this strong support of influential people of Silicon Valley and Wall Street that are committed now to Bitcoin. Or look at this: just about any technology expert, futurologist or innovation researcher has made VERY positive statements about Bitcoin, they cant be all wrong out of the sudden.

Once they start "buying to the moon" I'm interested again. Until that we should settle upon averaging down, down into oblivion.
2873  Alternate cryptocurrencies / Altcoin Discussion / Re: If Bitcoin fails, all cryptos fail? on: November 19, 2014, 06:15:03 PM
what "Bitcoin failed" means for you and why
Means nobody "buying to the moon", no more mining at homes (which is the mass market out there. 1 monster collocation located somewhere in china ain't be the same), nor any useage at let's say "Silkroad" which is quite true right now.

if indeed you think it would be fatal for other cryptos?
Naturally not. Take a look at the huuge amount of Doge traded at Bter. Or LTC at BTC-E. Those are inflationary (due to insane mining amounts each day) currencies that nobody in a right state of mind would HODL. But they are traded in the millions, so why?

Because they cross the political barriers. I think there will always be a use like that, for even the shittiest crapcoin. It just means you cannot "invest" into that very shittiest crapcoin, without breaking your neck.

edit: but you could still mine that coin
2874  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: November 19, 2014, 05:05:47 PM
At this level I am not just averaging down, I am doubling down.
As soon as BTC drops below 300 I will be as well. Smiley

Which it likely will do.

Nobody buys Bitcoin to the moon, nobody mines them at home anymore, you cannot buy weed with them at Silkroad anymore. *coughs* mostly due to a chronic shortage of Silkroads out there   Cool
... it is accumulating a hefty amount of Jailtime for the Silkroad scoundrels actually, not nice to watch at all.

Only the BTC pumper from Gox deserves that much jailtime, but he is filthy rich by dumping our BTC right now so will evade jail for sure. That's the way it works.
2875  Alternate cryptocurrencies / Altcoin Discussion / Re: General CryptoNote Thread on: November 19, 2014, 09:10:59 AM
Your proposual

I registered #crytponotes on freenode, but it's just me there now. I plan to use it to test a monero irc tipbot I'm getting started on, but you're welcome to join me Smiley

is the exact contradiction of

- What are the biggest hurdles we need to overcome before CN will reign?
Pools must stop sending TX every single block to lower the dust transactions and the weight of the blockchain.

Tipbot == dust on the blockchain.
2876  Alternate cryptocurrencies / Altcoin Discussion / Re: CANN - Cannabiscoin is over, thread locked that's a nono on: November 19, 2014, 08:30:21 AM
nah it was the nonstop ico scams more than cann that killed the volume on trex
I agree that ICO and pump n dump scams stole tons of money from crypto. Either way crypto is going to be huge. You guys just have weak hands. CANN will be over 100,000 sat one day. SO many altcoins are going to be big successes.

BTC is going to $20,000 USD and many other coins will have 100x to 1000x price increases.

You got that decimal point wrong, it is actually BTC is going to $20.00 USD since Bitcoins are utterly useless by now.

Nobody buys them to the moon, nobody mines them at home anymore, you cannot buy weed with them at Silkroad anymore.
Mostly due to a chronic shortage of Silkroads out there  Cool
... it is accumulating a hefty amount of Jailtime for the Silkroad scoundrels actually, not nice to watch at all.

Only the BTC pumper from Gox deserves that much jailtime, but he is filthy rich by dumping our BTC right now so will evade jail for sure. That's the way it works.
2877  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Litecoin Cannot Be Bitcoin's Silver on: November 10, 2014, 11:48:04 AM
Exactly, Litecoin is valuable to the scrypt miners at least and is the second most known crypto. I don't know why people think there can only be one crypto out there with value.

... and why they all gather in Bitcoin Forum > Other > Alternate cryptocurrencies is another unsolveable mystery!

Anyways, my 1st prediction of Scrypt ASICS introducing a similar development as seen from SHA256 ASICS has proven wrong. Conclusion: Mining is not the main influence factor for value
2878  Local / Altcoins (Deutsch) / Re: Hot Coins on: November 09, 2014, 06:41:56 PM
Im Moment experimentiere ich mit simplen DynamicDropLoss Bots.

Trigger, Conditional Orders jaja kennen wir alles. Kurskapriolen machen sowas madig. Kurzer Durchsacker, der das triggert und dann hat man verkoooft obwohl der Kurs wieder glatt ist. Wenn da Parameter drann sind würde ich die eher auf "etwas mehr träge" justieren.
Da lohnt sich oft eine Kauforder bei ~80% Kurs die dann aber tunlichst gecancelt werden muss, wenn alles definitiv runter geht.

Bei dem DuckNote hatte ich so einen Zusammenbruch aus dem Orderbook erraten, das geht mit Beobachtungsgabe durchaus. Ob sich da eine Logic in 2 Programmzeilen modellieren lässt bezweifele ich.

Das Problem sind eher die Coins an und für sich. Wenn das alles nur Pappe ist, hat es keinen Zweck. Und dann die Frage ob die Gewinnspanne knapp um oder über der Inflation liegt, was für uns wohl der Bitcoinkurs vs. Fiat ist. Ich suche jetzt Substanz, mit "Pump" bin ich durch. Im Moment profitieren DRK und XMR von der Silkroad n++ Pleite. Der 2te scheint mir der bessere Kandidat zu sein, das liegt an den "Masternodes" darüber hatte ich ja schonmal geranted.

(Sidechains oder gar Polychains haben die aber beide nicht  Cool )
2879  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: November 09, 2014, 12:39:33 PM
...We are all in the same boat, and it is burning. How about doing what it takes now, so that we can continue to other things? Smiley

Meanwhile the price is going up. If it continues that way, I suppose at one point we could naturally stop this discussion?

Since August 2014 it isn't exactly going up, that is wishfull thinking. And no, not burning but sinking.

  • This boat is nearly underwater, and just now is the chance to change emission. Not at 0.050BTC, nor on 0.100BTC. Now, or never -
  • now, or never! Once completely submerged below waterline, all passengers might choose to swim over elsewhere, saving their savings.
2880  Alternate cryptocurrencies / Altcoin Discussion / Re: Bear market to continue another 12 months on: November 09, 2014, 06:39:08 AM
... Willy Bot ... professional mining class ...

Sad to admit Taun, that was on spot. Gox gone, what remains reminds of professional hookers who have to cash out 80% for cocaine each working day.
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