I'm not asking about Labcoin but real Chinese stock markets in general.

Collecting funds from the public is illegal in China? Does this mean no IPO occurs on their stock markets? In fact how can they even have a stock market if the public can't participate?

Haha they might regret that if the news is bad!

I wouldn't consider it free interest, this is misleading to newcomers.

There is a risk that CoinLenders could have a bad run and lose peoples investments, then CoinLenders would either have to keep quite and prevent a bank run or deduct losses from all the accounts.

The only way I am wrong is if all the money CoinLenders is paying interest on is 100% fully insured. I am under the impression this is not the case. I am also not spreading FUD, I know TF will cover losses if it ever comes down to that but there are limits, because if TF had enough Bitcoin to cover 100% of lost funds in the worst disaster, he wouldn't need your money to lend out in the first place.

So please stop saying its free! There is risk and thats the cost.

Thats why you're playing. 

Confirmed troll that wants cheap shares and sold them all at 0.0027

Why don't you just sell them all now? If you're that type of investor, swayed by sock puppet accounts with 2 posts to their name.

They might go up or down, but once Labcoin starts hashing they won't go below 0.004.

Quote me on that.

Wow 2 posts and shouting sell sell!!

Someone wants cheaper shares. Did you just sell all of yours?

Its a bubble after 0.005, and then it should stabilize this month around 0.004. If Labcoin starts hashing and pays any dividend you will not see 0.003 for years afterwards. I just wish I had more.

I am confused and not following, half this thread is garbage.

Why are people buying Labcoin high right now? What news?

Regulated by whom? Government busybodies?

Yeah thats what we all want right, for some uneducated Government employees who work 9-5 shit kicking to start dictating how we should invest and run our business, things these busybodies could not possibly understand.

Mistakes get made dude, get over it. Like everyone says, invest what you can afford to lose. As long as we don't start getting grandpa to invest his retirement and we warn all users of the chance of failure then like adults we should be allowed to do what we want with our money.

I think someone wants cheap shares.....

Stuartuk just single handedly dropped the entire share price by 0.00002 BTC.

Shows how fragile this stock is.

Haha ok so you are a troll.

• 1. Your quotes are messed up, please fix.
• 2. The only reasonable way to attack Bitcoin is to buy/build as many miners as possible.
• 3. A ratio of 1:10000000000000000000000000000000000000000000000 exists for mining:breaking sha256 for the goal of "haxxoring" Bitcoin.
• 4. Maybe you should read the Bitcoin wiki and Satoshi's paper and educate yourself. At the moment you lack ability to research, you lack basic social skills and you most certainly lack intelligence.

You are correct that increased difficulty makes it harder to tamper with the network, but I think that you are completely unaware about the process in which the Bitcoin network secures itself.

Basically computers are put to a task, a puzzle if you like. This puzzle releases Bitcoins and processes transactions for the network. This process is required but needs to have decentralized computing power otherwise a malicious entity could control the network. If someone controls the network they can block transactions and do other nasty stuff.

The networks needs a small amount of work done (processing the transactions) but can't allow 1 person to do what they want. So essentially the network gives the computers a puzzle, once complete the transactions are processed and a incentive to do this is a release of Bitcoins. To stop 1 person making millions of blocks and getting all the Bitcoins the network adjusts to make this puzzle harder and harder (As a function of the speed the puzzle is being completed, if the puzzle gets completed to fast the puzzle becomes even harder) The released money so valuable that lots of people are trying to complete the puzzle. This means as more and more people want those Bitcoins it becomes more and more unlikely any 1 person could get them all, because they would need to have more computing power than the rest of the network to gain control.

So your hacker/cracker would need to invest millions and millions of dollars into computers to complete that puzzle. Once you can complete the puzzle faster than the rest of the network continuously, you can then do those cracker things like committing double spends and blocking other peoples transactions.

will, what's your estimated time until we are hashing?

Did SDICE really only cost investors $10k/month? JD is already at $5k - $10k/week.

Yeah I know. I was in the mood for a discussion with Bitcoiners about possible future systems because I feel that the proof of work and the reducing block reward do not create a viable future for Bitcoin. The alternative coin forum is very much scam-coin central.

Ok I get that, I will discontinue the discussion here and do some more research perhaps.

However I admitted that Bitcoin 2.0 was a rehash of old ideas, but warrented serious concideration now that services like inputs.io are starting to gain traction. I felt in previous discussions that this issue is hand waved away with "tx fees will be enough" even though no one has even modelled an actual future scenario. Perhaps I should do some more in depth research of my own and model both systems to determine the most secure and usable one. My hunch is that a constant block reward will be better to secure the network in the long term.

I also posted here because I wanted a technical discussion about Bitcoin 3.0 and how perhaps a proof of work that is to secure and maintain a distributed computing/internet/communication/storage/distribution platform based around a currency.

I think that people would take some of these ideas more seriously if they were either implemented in code (Bitcoin 3.0) or modelled against current systems mathematically(Bitcoin 2.0) In the future I will put in more work and attempt either of these things. Without a model or code to backup my hunch I guess I am just another loon on the forums.

Thats for replying though, I appreciate that rather than being ignored.

Cheers

Could please check both my accounts for withdrawals?

drawingthesun2 and drawingthesun3

The transactions still have not shown up on the blockchain.

Are you releasing the funds back into our wallets or just pushing those transactions out?