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2921  Alternate cryptocurrencies / Altcoin Discussion / Re: @TheCryptoRush -What the hell is going on on: March 31, 2014, 12:30:58 PM
Yes they need to update members every day but no response is creating more problems for them and more frustration for coins holders

Agree. What they doing is quite an unprofessional approach.
2922  Alternate cryptocurrencies / Altcoin Discussion / Re: Gameover for a few coins this week it seems. on: March 31, 2014, 12:24:31 PM
[

AUR  down  80.50%  <-- I agree, this is the end for Ethnocoins.
Spain down  53.89%  <-- yup, confirming Ethnocoins doesn't work.


Actually this doesn't confirming anything. AUR been dumped heavily, there are a couple of suspicious stuff around this coin, and it having issues with its blockchain. So the last week confirmed that the dev isn't the most competent, may not the most honest but proved nothing about the ethno stuff.
2923  Alternate cryptocurrencies / Altcoin Discussion / Re: Hullcoin - a local council issued coin on: March 31, 2014, 11:44:44 AM
Another article about this here:

http://www.telegraph.co.uk/technology/news/10734073/Hull-Council-printing-its-own-money-by-paying-digital-cash-for-voluntary-work.html

With the support of the council, you will be able to buy food, pay for rent and pay your taxes all with a non taxed crypto coin. 



This looks like a smart idea.
2924  Alternate cryptocurrencies / Altcoin Discussion / Re: Hullcoin - a local council issued coin on: March 31, 2014, 11:39:13 AM
No normally, they go to Iceland.  Grin
It would be interesting to see how they make it mine and dump proof. But I'm sure you guys can't be from the uk, local councils are known for their ridiculous errors. And alt-coins are a great territory for it.

If they are doing it then it would be responsible for guys to get in there now and prevent them from making hideous errors so that an alt-coin can do well. And with such a backing of a local council it would be talk of the world, but it needs to be done better than current models. Though they do have their current models. I still prefer blackcoin. If the council premine and make money out of it, it won't be appreciated.

But coding isn't everything, pumping, dumping, long terms saving, failure of the law to protect exchanges matters just as much as people trying to criticise coins and their 'devs'. Dev criticism is cheap round here. The coin has to work within the alt-currency system and the devs have to make it work.

Well, I still think it will be taxable.

Well Iceland seems to be a popular target for such activities Wink.

As I see they mining it themselves but they not mentioned public mining, so I guess scrypt is only the mining/transaction processing method but the ecosystem will be something like Ven, and that seems to be a kind of centralized one, backed by stuff owned by the community and controlled by the same community.
2925  Alternate cryptocurrencies / Altcoin Discussion / Re: Game over, say good bye to altcoin mania on: March 31, 2014, 11:24:23 AM
As I said a couple of times, my GPU exit plan for script ASIC mass adoption will be buying a lot of cards and building some really freakin' good gaming machines Smiley.
2926  Alternate cryptocurrencies / Altcoin Discussion / Re: Hullcoin - a local council issued coin on: March 31, 2014, 10:49:10 AM
I was waiting for something like this. After the flood of country coins we get a bigger flood of local government coins. There are a hell of a lot more councils in the world than countries, so we should be expecting thousands of new council coins soon!

As I see this isn't just an other alt made by a random bloke with a little C++ knowledge but an official project from the Hull City Council.
However you may be right and this will give an idea for the "devs" mentioned earlier :/...
2927  Alternate cryptocurrencies / Altcoin Discussion / Re: Hullcoin - a local council issued coin on: March 31, 2014, 10:46:07 AM
I'm searching for more info about this.
I think in the case of a real world local government premine isn't an issue. As this seems to be an official project they should be accountable for all of their actions. A local government will not go to Cryptsy for pumping and dumping its own coin, I guess Smiley.
2928  Alternate cryptocurrencies / Altcoin Discussion / Re: BlackCoin vs NXT on: March 31, 2014, 10:32:47 AM
NXT isn't just a simple all POS coin. There are several other (planned or existing) functions as well. In addition NXT is a new code base, but Blackcoin is a jet another clone.
2929  Alternate cryptocurrencies / Altcoin Discussion / Hullcoin - a local council issued coin on: March 31, 2014, 10:27:18 AM
Have you guys seen this?

http://www.coindesk.com/hullcoin-worlds-first-local-government-cryptocurrency/

Opinions? A new level of cryptos or a new level of threats...
2930  Bitcoin / Bitcoin Discussion / Re: Other data in the blockchain? on: March 31, 2014, 10:20:03 AM
With Datacoin you can upload files into its blockchain and reclaim with your private key. I think this is a really good and innovative idea but the possibility of storing illegal content without any control crippled DTC.
2931  Alternate cryptocurrencies / Altcoin Discussion / Re: @TheCryptoRush -What the hell is going on on: March 31, 2014, 10:10:57 AM
Actually the lack of communication is the most annoying.
2932  Alternate cryptocurrencies / Altcoin Discussion / Re: BITCOIN is DEAD. on: March 28, 2014, 11:07:43 AM
Did you realize that the altcoin hitler ~BCX~ killed Bitcoin today by closing Chinese exchanges?  
  yeah indeed, he, the guy from Melbourne Australia, just closed em. easily. no effort. Bitcoin to $0

This man is so powerful, its incredibly AMAZING. period.

"Bitcoin to $0?"  I don't think so!

If he can push BTC price to somewhere near to 0 then I'm going to buy a lot Smiley. ...and I'll start worshiping him after the correction Cheesy.
2933  Alternate cryptocurrencies / Altcoin Discussion / Re: ★★ DigiByte ★★ 1st Alt Coin to Implement Bitcoin Core 0.9.0 Protocol on: March 28, 2014, 10:53:15 AM
Not yet, but if you willing to pay then I can send you a few payment requests  Wink.
2934  Alternate cryptocurrencies / Altcoin Discussion / Re: Honest Coin Initiative -- fighting the shitcoin insurgency on: March 28, 2014, 10:51:14 AM
We need "new" at the moment because ASICs are taking over the mining of scrypt coins.  There's only a few options currently available for GPU miners, and those options are pretty fucking terrible.  There's plenty of technical changes to be done still, but it's all pointless if it comes with a massive premine.  I have a big enough set of rigs that I don't give a shit about getting premine -- just having a decent coin to mine is reward enough for me. 

PPC, IXC and a couple of other old SHA coins are doing well however they are all ASIC mined. If we accept your logic all of these coins should be dead by now. As markm used to say (scrypt) ASICs can provide a solid and reliable network for many alts. So I'm not sure if we are really desperately need any new wundercoin. But I'm more of a(n amateur) trader than a miner.
2935  Alternate cryptocurrencies / Altcoin Discussion / Re: Why all the coins are getting cheaper? on: March 28, 2014, 10:02:43 AM
Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans.
2936  Bitcoin / Bitcoin Discussion / Re: 1BTC or 1oz of Gold. Which one would you take? on: March 28, 2014, 09:07:35 AM
Gold. Gold has value even when someone turned the electricity off.
2937  Alternate cryptocurrencies / Altcoin Discussion / Re: BITCOIN is DEAD. on: March 28, 2014, 08:27:22 AM
If I didn't know better I'd think people here could tend to be slightly irrational sometimes.

This is some of the best drama I've seen in a while though, makes the whole Crimea situation look like child's play.

Yep, sooner or later someone will make a movie about this "gold rush" I guess Smiley.
2938  Economy / Speculation / Re: Russia to Drop USD as reserve currency - could mean 5000+ USD bitcoins on: March 27, 2014, 10:53:25 PM
Only some 3 percent of the Russian export goes to the USA. The EU don't want to shot itself in the leg by imposing strict sanctions, in addition many EU countries dependent on the russian natgas. So I'm not sure if sanctions will work.
2939  Alternate cryptocurrencies / Altcoin Discussion / Re: GoldCoin (GLD) Revive??? on: March 27, 2014, 10:35:36 PM
Then why don't you just trade all your gold bars instantly online?  Roll Eyes

Of course Bitcoin is more valuable than gold.

GLD is more valuable than gold. There are room for 5 coins tops and those are Bitcoin Goldcoin Litecoin Vertcoin and Doge

buy now while gld is cheap imo

I like to see such optimistic people Smiley.
2940  Alternate cryptocurrencies / Altcoin Discussion / Re: Next dogecoin rise? on: March 27, 2014, 10:33:03 PM
Yep, don't panic. BTC went down and everything followed.
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