what happened this coin u really paycoin is scam? omg I have this coin, but I buy 0.011 and price now 0.004 loss again.  Sell this shit before the next crash. Lies, broken promises of 20 USD floor and merchant adoption, high inflation, centralization of the staking, no serious development, bans and shadowbans on their forum. And they don't accept their own coin. |
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Um ativo de uma empresa travestido de moeda para dar a impressão de maior liquidez. Neste caso, o preço seria respaldado pelo valor da empresa (supondo que essa empresa realmente exista), e não pelo âmbar em si. Entretanto, eu duvido muito que uma empresa possa abrir seu capital dessa forma sem problemas legais.
Acho que nem precisa fazer acusações.
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The domain was registered to Eric as he purchased it for us when the original domain was hijacked (we have to wait until a cooldown period ends to change the registration info as it is a .IO domain).
BTW, any news about the stolen domain? Is it lost forever? We are working on a report regarding that in the near future. Long story short, the registrar really messed up and it isn't looking good. Thanks. Keep us informed. All the best for you. Cheers |
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The domain was registered to Eric as he purchased it for us when the original domain was hijacked (we have to wait until a cooldown period ends to change the registration info as it is a .IO domain).
BTW, any news about the stolen domain? Is it lost forever? |
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So, guys... can bitcoin be allowed to continue or should we cut our losses? What a silly question. Unlike fiat, Bitcoin isn't backed by nuclear warheads that could wipe out life on planet Earth thirty six times over. A sane question would be, "can nation states be allowed to continue or should we cut our losses?" "If they'd have to wage the first world war on gold it likely would have ended by Christmas 1914..." http://youtu.be/joITmEr4SjY?t=14m48s |
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For this reason and this reason alone, bitcoin can never become mainstream or allowed to go on much further without Government intervention. There are reasons why we can't have anonymous financial transactions and this is exactly why not. If we lived in a truly honest society with no evil intent (impossible) then possibly the idea behind bitcoin would work. But when we think about the real life implications of anonymous transactions, then we should all realize now is the time to get out. It cannot ever become what we all hoped because the scammers of the world will always be there and we cannot, as a society, allow them to have a tool in which to terrorize, threaten, extort and steak from hard working people who are targeted simply because of their use of bitcoin.
Paper money has the same problem. So, should be paper money banned? Knives are used to attack people? So, should be there a ban for knives? Imagine your child is kidnapped in a world with and then without bitcoin.
Without: In order to ask for and recover a ransom... there needs to be a physical drop off, or trackable transaction which can allow for the recovery of the child or the funds. Many possible situations must be contemplated by the criminals including... stings, tracking embedded cash, set-ups, etc. etc. Making the job of the criminals difficult.
With: Simply kidnap who you want, demand bitcoin. Kill those who do not comply, collect from those who do. So, I'll rewrite that letter. Lets see the difference. [Recipient] you do not know who we are, but we have been tracking you and your loved ones for a while now. We know your schedules. We know where you all live and spend your time. We also know how to kill any one of you without being caught. Now [recipient], don’t panic. This isn’t personal. You did nothing to deserve this. You were just one of a handful of families unfortunate enough to draw our attention.
However, nobody has to die. Allow us to explain. You have until 12:00 PM on February 13, 2015 to pay us $2,000. If you do not comply with that simple demand, the following will happen: we will kill you, [recipient], or someone else to whom you are close. Or you can simply pay us the $2,000. To make the payment do the following.
1. Get $2000 in cash (paper money).
2. Be sure you don't have any counterfelted note.
3. Go to a cemmentery (or any other obscure place at night) and put the money at the secure vault.
4. After this, rid off immediately.
5. You are finished. Breath (sic) easy, and live your life in peace knowing you will never have to deal with us again.
WARNING: DON'T TRY TO CALL THE POLICE. IF YOU DO THIS, YOUR FAMILY WON'T JUST DIE.
[Photo of your wife/husband with your children]
So, guys... can bitcoin be allowed to continue or should we cut our losses?
Planes should be made illegal. Imagine what can happen if a control of a plane go to the hands of a terrorist, like happened in the September 11th? Santos Dummont killed himself after seeing what the militaries were doing with the planes. The problem is not with Bitcoin itself, but what people do with Bitcoin. But for criminal activities, they don't need Bitcoin. They use paper money. They use gold. They use silver. Or exchange drugs for arms. Or vice-versa. The same goes to kidnappers. They kidnap who they want and demand cash. You can call the police, but in this case the kidnappers can do what they promised. Edit: Again, get away from the killing issue and look at small demands that these people can make. Without bitcoin, there are few tools that help hackers find new ways of stealing funds. Today is the first day that I realized that this is just a tool for scammers and the implications of its adoption far outweigh the benefits of the same.
Wrong. Hackers steal a lot of funds from traditional banking and POS machines. Or when they can't do this, they'll just go to some place with ATMs and explode the ATMs with TNT (here in Brazil, this happens every day). |
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Lyra2RE, which is use in Vertcoin after switching from Scrypt-N (in my opinion, switching the hashing algorithm is a bad idea unless there is some serious flaw). From the zero, Lyrabar. We also have NeoScrypt. "We" ... who? Oh sorry, not me.  Anyway: https://www.coingecko.com/en?hashing_algorithm=NeoScrypt |
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Yeah i heard that too that this will be the last year for mining but i got some questions in my tiny brain that if there not bitcoins available for mining then !1: price increase or 2: decrease :?
what user equate was trying to allude to earlier is simply this ... if all mining was turned off ( and yes PoS 'staking' which a form of mining ) - if ALL mining was turned off - then it wouldnt be a matter of price - it would be a matter of survival ... that is - mining = alive coins / alive blockchain ... NO mining = dead blockchain - and coins ... simple ... #crysx PoS doesn't fix the problems with mining. Yeah, it's a form of reducing the costs and it fixes the problems with wasting of energy, but this comes with hoarding.
3. Most alt coins are becoming less profitable to mine.
Because devs aren't creating altcoins to innovate, but just to get rich quick. Any new ideas / technologies to come? Or is this going to be the end year of home mining (no matter how you do it -- CPU / GPU / ASIC). Lyra2RE, which is use in Vertcoin after switching from Scrypt-N (in my opinion, switching the hashing algorithm is a bad idea unless there is some serious flaw). From the zero, Lyrabar. We also have NeoScrypt. I have been interested in the hard drive BURST mining. It is something different at least, but I guess that could easily be taken over by huge cloud drives as well. Yes, it's an interesting concept. But I think their idea is not about home or industrial mining, but about sustentable mining. |
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Fair enough on credit card and paypal being a medium of payment. But it's no different than bitcoin...since ultimately bitcoin is nothing more than a means to ultimately convert to fiat somewhere along the chain.
If I use all the governement-backed paper money which I receive to convert to silver, will the paper money which I receive just be a medium of payment? And show me any country that official defines bitcoin as a 'currency' and not loosely as a 'virtual currency.' There's a fine difference. One is backed by governments and power...the other are not.
In Bitcoin, people doesn't care or doesn't want to have it backed by the government. Also, gold and silver still remain as currencies, even without government backing. The same applies with Bitcoin. Even more, soreiveign currencies out of circulation still remains as currencies. They just loose the legal tender status, but all ther other properties of a currency are here. |
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Josh is on the forum after a few hours - rambling random stuff, so i'll pick up a quick 0.5 btc worth, since I expect a small price bump by whatever bullshit he spews. hopefully I can make money from the scam.
At this point I thinks it's really hard to make some profit with this. It's too late, the announcements don't have impact in the price anymore, because nobody cares anymore in Josh. Who jumped in Paycoin knowing that is a scam but wanting just to make easy money is out since the Paybase's launch. |
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Hoping it will be a hybrid POW/POS or a pure POS  This is confusing. The dev say "Last PoW block is 840960". What does this mean? Will it be PoS after that block? Or is it just the last PoW block with mining rewards? |
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This is really funny. https://hashtalk.org/topic/30917/you-have-become-what-you-were-trying-to-fixArchived: https://archive.today/1PbxL@GAWCEO You claimed to start this company to bring back honesty and accountability to the crypto scene because you were once taken advantage of. Now you have become the very thing you were fighting against. When it suits you, you step up in small ways, but you haven't really done what is necessary. It is very disappointing to have trusted you with my hard-earned money and to realize that I have effectively wasted it on a false promise. You claim that you are working hard to rectify the situation, but I can only know what I see. All I see now is another CEO made rich on the backs of his investors.
Step up and do what you promise. They were saying Bitcoin volatility is a problem... And in month, Paycoin lost 90% of its "value". https://hashtalk.org/topic/30908/focus-on-what-mattersStop worrying about the Honor Program (It will happen when it will) and everything else, focus on creating things that will help build stability and faith among the community... (Merchants, blogs, support sites and other cool platforms)
Alot of big things are going to come out that will make Paycoin the most user friendly and innovative crypto currency to ever have been created.
Focus On What Matters... And nobody wants to sepend theis Paycoins? Why?  https://hashtalk.org/topic/30928/just-a-observation/Hello guy's
I would like to share a quick observation with everyone. :-)
A little while ago I shared my first online business here on Hashtalk called theElite Weight Loss Package . I was super excited because I was excepting XPY as payment and figured it would be fun.
However the reality of the matter is I never got any support from anyone involved with XPY or here on HT. So I started doubting whether or not the site and niche was any good at all. So I decided to test this theory and promoted the site payment methods as BTC and Paypal.
Sales to date.
PayPal: 24 sales in total
BTC: 16 sales in total
XPY: 1 ..... only because I tested it checkout process lol
I have come to figure that XPY needs greater adoption if it is to become successful |
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GAWESOME!!!!!!! |
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I am skeptical about gold. It's not backed by anything. It's a fairly useless metal
Perception is reality.
Gold does not have to be backed by a commodity, because it is a commodity. I don't agree that it's useless. I don't agree that perception is reality. Reality is what is is. regardless of what people believe it is. Adam’s Smith’s greatest student, J. B. Say, wrote two centuries ago: “money is indebted for its currency . . . to its being a commodity bearing a peculiar and intrinsic value.” Go to a society where people doesn't know anything about gold. They have an open market, they trade goods between them, but they don't know about gold. So, where's the value? What you can do with your gold in that society? So, your gold piece in that society still have an instrisic value. But you can't do anything with that, it's useless. The U.S. dollar is backed by the world's most powerful military pumped by $7xx billion dollars annually. So yes, it IS backed by something. Something very large and unfathomably destructive. But US dollar is not redeemable. This is an interesting point, although of not being the case of US dollar. So, for example, the pound sterling notes have this sentece: "I promise to pay the the bearer on demand the sum of X pounds". But this is just bullshit. Also, the US dollar is useful only as a medium of exchange only in the countries which use the US dollar as currency. Bitcoin is not a currency. A 'virtual currency,' perhaps...but not a currency. It's simply a medium of exchange. Just like credit cards, money orders, paypal, and the likes. IT IS NOT A CURRENCY, no matter what a neckbeard or tinfoil hatter will tell you. Credit card, money orders and PayPal are not a medium of exchange. They are a medium of payment. Anyway, it seems you just did a copy and paste of this, these sentences sound familiar to me... Bitcoin is a currency. It is a unity of account. It has intrisic value. It is a store of value. But, of course, without acceptance your bitcoins are not money. |
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Hello,
It is probably my first post here, but I've been lurking at several places and learning bitcoin for almost a year now.
I noticed that something is never mentionned in discussions, and it is the question of debt. In the real world, when a debt is created, the equivalent amount of money is created. Actually, there is even more debt than there is money supply at a given time.
However it is clear that this is not possible with bitcoin, since coins creation obey very specific rules, and the number of coins will never exceed 21 millions.
Wasn't Economics supposed to be the science of scarcity? What went wrong? It is in my opinion the greatest entry barrier for a large adoption of bitcoin in any country. I am a Software Engineer too, and you know that when we design new products, it's rarely a good idea to say "anyway, this very used feature of the old system was rubbish". And I think it's especially the case here, because modern societies are all based on debt. I'm not saying debt is good or bad. I'm just saying, it is a used feature that should be taken into account in bitcoin. Because the objective of bitcoin wasn't to destroy debt, and trustless value transfer system is probably able to support debt too if we adapt its meaning We already have the banks for this model. So, why bitcoin? Debt, is highly correlated with the ability to create money. I have an idea where debt would be a specific transaction type in the bitcoin protocol.
Basically, every node (even user only nodes) would be able to issue any debt they want, but the value of what they issue would be the value that the receiver attributes to the node. It's not a technical matter, I'm talking about the value they attribute to that person in the real world.
For example, if a perfect stranger tells you you are a good person, you thanks him but it has little value for you. On the other hand, if your mother tells you the same thing it has a great value for you.
Similarly, if a country, who has obliged all merchants on its territory to accept its "bitcoin debt currency" as a payment mean, issue you some debt, it will have a great value for you. However, if I issue you 1 million units of my "personal debt currency", it would have little value for you, but I still can do it. Oh shit. People work hard to produce goods and services and you propose to those people to be forced to accept in exchange a "debt money", which also in some countries will come with high inflation rates? In practice, countries might have to make larger political agreements, to accept each others debt currencies - that we might preferably call : allowancies - but the idea is here. And the concept of allowance will also be useful for example for merchant who would issue them instead of fidelity cards, etc.
People might also use them for professional references. For example, as a professional I mention a bitcoin adress on my website, and then when people go and check for transactions of type : "Allowance", they would see the one I've issued and the one I've received to and from people and companies along with a comment for example. And we can imagine that the higher the number is, the better they appreciated us.
It might sound odd because we see the bitcoin currency as the only thing having value in the bitcoin network. But exchanging value doesn't mean that I want/need to exchange bitcoins, and as long as I do it in a decentralized way, with no indexation on fiat currencies etc... we're still along with Satoshi's vision.
But the point here is that by simply implementing this transaction type, countries will move from fearing bitcoin because it threatens their financial soveignty, to loving it because it would allow them to create money without cost, and without depending on any central bank, or foreign country.
Bitcoin would be as gold whose value is intrinsec and whose value is valued by everybody.
Finally, I think that is important that it be supported by the official bitcoin network.
Before working our a proposal I'd like to know what are your views on that.
Thanks
You can look to Colored Coins or Counterparty. Anyone can use this (an individual, a business or even a government). But also I strongly reccomend to watch this video: https://www.youtube.com/watch?v=iFDe5kUUyT0 |
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Because it's not allowed. But in a free market you would be able to pay with gold and silver.
Well, it depends of the country. I think it will be good to do a search about the legal status of this type of transaction. Maybe not physical gold and silver, but with redeemable paper notes. A currency board with gold standard? Unlikely, governments don't want this. And I don't think this would solve the problems with the soreveign currencies. In some countries, commercial banks are creating 97% of the money. A currency board (independently if it's pegged to gold or to another currency) won't stop this. Because the government forces people to accept them. If the government forced you to accept squirrel snot, that would be useful too. But it doesn't mean it would survive as money in a free market. Yeah, I agree. But the point is, when people start accepting other cryptocurrencies, the value of the existing ones will drop. Cryptocurrencies are an experimental technology. I think those alternative cryptocurrencies are necessary, because innovation is necessary. Also, in a free market, the people have the rights to accept other cryptocurrencies. So, in this case, let the free market do the choices. |
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I have to admit that I'm sceptical about Bitcoin. I'll give you my reasons, then please convince me!
Bitcoin is not backed by anything. None of the currencies are, unless trust in the central banks can count as a form of backing. It would probably not exist in a free market. Money in a free market has always been some kind of commodity. Something that has value beyond its use as a currency. The problem with Bitcoin is that it has no value beyond its use as a currency. Why should it then be regarded as money? Money came into being as a medium of exchange, so that if you got stuck with it it was useful in some way. It wasn't just a piece of paper. It was something that was useful in and of itself. Like gold. Like silver. Bitcoin has none of that. It's just a string of 0s and 1s. Where does it get its value from? I don't think in a free market it would be valued. Well, if money is a medium of exchange in the strict sense, gold and silver can't be considered money. I can't go to the supermarket and pay with gold or silver. They only accept notes and coins of the Central Bank and credit/debit cards. Following the same path, a national currency isn't money outside the country. Something like Bitcoin could be used as a currency if it was backed by some commodity to do anonymous/quick transactions, but there would be a standard, ultimately, for exchange. It would always be exchangeable into e.g. gold. National currencies aren't backed by commodities, but they still are useful as currencies. Anyway, there are some places where you exchange bitcoins for gold, so I don't get the point. So that the banks who issued the Bitcoins were contractually obligated to redeem them into gold. Then Bitcoin would serve as a currency, but the money would be the gold. For this purpose, there are gold certificates. Anyway, Bitcoin isn't issued by banks. It's generated by miners. Also, the banks aren't obligated to redeem a national currency in gold. There's also the problem with Bitcoin of inflation. Yes, there's a fixed amount of Bitcoins qua Bitcoin, but anyone can create alternative cryptocurrencies. I don't see why Bitcoin has any unique features that cannot be replicated by others, and therefore you will create massive inflation in a digital coin space. The creation of alternative cryptocurrencies has nothing to do with Bitcoin inflation. They are created to offering features which doesn't exist in Bitcoin, or to just try a different approach. Sometimes they are created just to do a pump-and-dump. So why do I think Bitcoin is still valued today? I think it is because people are fearful of the dollar. They think it's gonna get useless, and they're looking for alternatives. Bitcoin is a product of this fear. Also, I think people are worrying about their privacy. And with good reason, given the growing government intrusion in our lives. People are looking for ways in which to remain private. In which to remain outside the government's abitily to monitor them. Bitcoin provides that. So right now it's providing a value. The value as privacy. The value that it's not paper money. But in a fre market, which we are all working to realize, I do not believe Bitcoin would exist.
If you want privacy, I think cash is still better than Bitcoin. Regarding the question of free market, I strongly disagree with you. In a free market, we have the freedom to create our own currency without ask to the government. Good point about confiscation (e-gold). What about stability? Without being backed by a commodity, how do we keep the value of Bitcoin stable? Under a gold standard, the stability of the money is pegged to the value of gold. The answer is simple. Bitcoin doesn't have a stable value. There isn't any mention to "stable value" in the Bitcoin's whitepaper. Gold also doesn't have a stable value. But you still trust in gold. But after all, why Bitcoin? In my opinion, because it's a honest and secure way to pay someone for goods and services. Paper money is created according to the desire of the governments and central banks. Credit and debit cards are just numbers typed in computers. They aren't secure, they can be easily cloned, so you have to trust the merchant won't try to scam you. Banks work with fractional reserve. So, when you tranfer the fund from your bank account for another bank account, they are just tranfering numbers or a "eletronic promise to pay in paper money, even without sufficient paper money for this" from your accountto another. In case of a bank run, the banks go to bankruptcy. With Bitcoin, you don't have this, nobody will give to you a "promise to pay in Bitcoins", they'll pay with the Bitcoins like the same way with paying in cash. In other words, with Bitcoin, you can have more control over your money than in a traditional bank,. Note: it's still posible to have fractional reserve with Bitcoin. Mt. Gox is a example of this. But in the Bitcoin you can avoid this. In banks, no way. Also, gold and silver are complicated to send over the world. With Bitcoin, you can send any amount, paying a low fee, to any place of the Earth.  |
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