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341  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - destructive coin for investors and traders on: February 18, 2014, 11:54:15 PM
windows-qt error:
This affects widows vista & 7, wallet crashes on first run, then produces an error code on exit. It's a known issue in github and being worked on. Client still works as expected, and no error produced on w8.
Feel free to use, or wait for a new compilation for <=w7.

SeriousCoins14:
Any time and think it through properly, if you get a good strategy opt in and buy a few or a load at any time whilst the supply is there, no rush Smiley

btc4ever / coin destruction
coin's are removed from circulation similar to how they are created, transaction fee's are an output with a zero amount, that is there is no coin to claim.
e.g. http://5.9.111.71:2750/rawtx/f90a65c40cfdd1a4485a53558fa61592b76b6fda5f997b7c710d411688f4f865
you'll notice "Outstanding" reduces with each transaction: http://5.9.111.71:2750/chain/InsanityCoin?count=100&hi=1391
no trickery, feel free to mine some block's till you get one with a transaction and check yourself, put the blockchain through your own or public domain tooling, and verify.

antonioneto:
sorry, no coin's to burn, and by giving them away I'd effectively be giving you fellow traders bitcoin.

342  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - destructive coin for investors and traders on: February 18, 2014, 10:24:21 PM
Sounds like fun!

not sure if it's useful.

Useful is relative, this is not designed to be the next major technically innovative coin, or to be a scam coin, or a mine and dump coin.

Rather it's for traders and investors, the coin supply is guaranteed to shrink (supply always shrinks), the individual coin's value is guaranteed to grow, and the market is guaranteed to be bumped upwards with a pre known amount of BTC each week. So I'd suggest it's useful for traders and investors, to practise, make some profit, and see the natural growth of a coin over weeks when nobody is dumping. The only players are traders and investors.

This weeks pot currently stands at 9.15 BTC, and it's only day one.

It should be fun, I'm personally looking forward to seeing the growth and various trading approaches people take Smiley
343  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - destructive coin for investors and traders on: February 18, 2014, 10:15:53 PM
Interesting concept, looks like a fun game. I'll give it a go.

Message sent.

Received and sent.
344  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - destructive coin for investors and traders on: February 18, 2014, 07:52:34 PM
Another 150 bought, BTC Pot at 4.15 BTC for week one purchase.
345  Economy / Trading Discussion / Re: Where do you sell your coins? on: February 18, 2014, 05:50:56 PM
face to face transactions only

how have you found that so far?
346  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - for investors and traders, not miners on: February 18, 2014, 05:38:16 PM
Quote
Max 900,000 coins are available at 0.001 BTC each.

Americans...

Whatever isn't bought will be destroyed - cap can't go down, and holdings cannot be worth less, over the first 9 weeks - it's nice to have a finite limit on the availability.

ps: don't assume everybody is american
347  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Flap coin is bad on: February 18, 2014, 03:49:23 PM
spoetflap sounds like a disorder.

A Hi, my kid has the measles.

B well, my kid has spoetflap.

A sorry to hear that...that's not good...be strong..

B *starts crying*

I lol'd
348  Economy / Trading Discussion / Re: Where do you sell your coins? on: February 18, 2014, 03:23:15 PM
I've read that some larger operations have deals with the major exchanges to help liquidate without affecting the price. This true?

Yes, common. Dark Liquidity.
349  Other / Politics & Society / Re: Italy forces consumers to BitCoin: "20% Tax On All Inbound Money Transfers" on: February 18, 2014, 03:18:00 PM
Thank you all for sharing.

It is starting to be more cost effective to encourage people to accept bitcoin rather than move to fiat. Especially if fiat incurs yet-another-tax-stupid-tax.

These old school currency people are great at devaluing their fiat.
350  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - coin destruction on: February 18, 2014, 02:43:47 PM
When this will be added to poloniex?

Within 48 hours I imagine, will have confirmation later today when Tristan (poloniex) replies.
Quote: "That's the craziest thing I've ever seen in crypto. Looks like a lot of fun, and definitely different. Sure, you can count on a listing at Poloniex "
351  Economy / Speculation / Re: Problems besides mtgox: on: February 18, 2014, 02:06:08 PM
Whilst I do not suggest that the issues you mention are not important.

I will point out that none of them are actually to do with Bitcoin, they are all to do with humans/organizations/governments/banks, and present in every avenue of life, especially where money is concerned.

352  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - coin destruction on: February 18, 2014, 12:44:29 PM
Looks like a promising concept. More distinguishable from the sea of clones currently.

I'll play  Grin

WZyyUDxtvrHhMzvYkuKw6ZjQwkmzEExRwR

Kudos to you: coins sent and btc received

money supply now at: 998,590 WOLF with 896k WOLF left for purchase over 9 weeks.

I'll ping poloniex and get them to add the coin now that it's officially started.
353  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - coin destruction on: February 18, 2014, 12:09:06 PM
this sounds like a fun trade. I'll throw in when you are ready to take BTC.

xx-btc of interest for the first week has been expressed by multiple traders, windows-qt now released, tristan from poloniex has confirmed he'll add the coin.

So, I think we're all going to have some fun for a few weeks - very interested myself to see how this plays out, it'll be one of the first purely investor/trader run crypto markets, no miners, no new coins, no dumpers, guaranteed minimum order volume per week.

See top post for updates / qt etc.
354  Other / Beginners & Help / Re: Uploading virus signature to the blockchain on: February 18, 2014, 09:59:38 AM
this is an old theory.

if one can inject a virus signature in to the bitcoin blocks which are distributed, theoretically you can get antivirus software to remove a large chunk of the nodes online, reducing the distribution of the network and perhaps making a 51% more feasible. It's been discussed for years.

realistically, mining has become quite centralized at major pools with specialized hardware, the real world impact of such an attempt would be little more than a minor annoyance for some non technical users, and be of no gain to anybody.

Can I ask how mining being centralized changes anything? The attack is still just as valid, include a detected signature in a valid transaction, and, it'll be mined by miners (Other than yourself).

To 51% you need to reduce the computing power of the network. Most mining is on pools, where the coind's are on linux, and the mining is via stratum. Thus if anybody does this they won't reduce the computing power of the network, they'll just make it awkward for a few non-mining end users. Think about it, miners don't even see the block chain they see stratum jobs, midstates and the like, and hash those.. CPU wallets don't mine on bitcoin - GPUs kind of do, and ASICs do, via pools.

This perhaps would have a chance to make things a little tricky on a CPU only mined coin with lots of people mining on windows clients (quark and clones), but anything gpu/asic based it just won't affect.
355  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - coin destruction on: February 18, 2014, 09:27:52 AM
windows-qt coming later today - user "Coin Z" is building for windows

first exchange (poloniex) ready to add.

taking count of number of players and rough volume for week one today, then we can get this started.

should be fun  Grin
356  Other / Beginners & Help / Re: Uploading virus signature to the blockchain on: February 18, 2014, 03:08:55 AM
this is an old theory.

if one can inject a virus signature in to the bitcoin blocks which are distributed, theoretically you can get antivirus software to remove a large chunk of the nodes online, reducing the distribution of the network and perhaps making a 51% more feasible. It's been discussed for years.

realistically, mining has become quite centralized at major pools with specialized hardware, the real world impact of such an attempt would be little more than a minor annoyance for some non technical users, and be of no gain to anybody.
357  Other / Beginners & Help / Re: AMA about bitcoins on: February 18, 2014, 03:02:20 AM
Who do you think were most instrumental to the rise of bitcoin in the first couple of years, both technically and socially?

Great question. I can say this no one did both and if they did both they failed at it. I would say Charlie Sherm did a lot socially, also Erik Voorhees and Roger Ver. Technically I would say Gavin. It is hard to advance a currency technically cause you don't want to add features that can move it forward without having it very stable. Once bitcoin becomes really stable (1.0+), you will see a lot more technical features coming, that when it will be advanced forward technology wise.

I'd have to agree, and would also add Amir Taaki and Lazlo to the list - Amir did a lot of evangelism of course, and Lazlo GPU'd and Pizza'd bitcoin forward. Chris Odom (fellow traveller of opentransactions) probably deserves a mention too.

It certainly is very early days, and bitcoin is just the start as we know.. blockchain is the major innovation, which thankfully some people like Vitalik have managed to grok and build on (ethereum).

Looking forward to seeing how the crypto space shapes up over the next 5 years of maturity.

Another question, any notable related projects on your radar that you'd like to share (not altcoins, but certainly [crypto/chain/autonomous corp] related)?
358  Alternate cryptocurrencies / Altcoin Discussion / Re: PANDA - Is it going to be a huge scam? on: February 18, 2014, 02:47:37 AM
the price is crazy high for a 100Billion coin only a few days old with a huge premine?

Coins which start high go low, lower, lower. If it's an an natural adoption curve, avoid it like the plague.

read: http://www.reddit.com/r/CryptoMarkets/comments/1x882l/are_most_altcoins_headed_lower_i_think_im_a_bear/cf9n4z4
359  Other / Beginners & Help / Re: AMA about bitcoins on: February 18, 2014, 02:37:39 AM
Who do you think were most instrumental to the rise of bitcoin in the first couple of years, both technically and socially?
360  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - coin destruction on: February 18, 2014, 02:09:42 AM
Use a trusted escrow service rather than your own BTC address if you want any of us to believe that there's no loss possible. No offense intended, but there is no reason to trust you - it's blind, unwarranted faith to give someone bitcoin based upon these conditions. Kind of insane, huh?

Escrow is fine, and a good idea - was hoping these kind of suggestions would come out over the first few days hence asking for people to express interest rather than "buy buy buy".
Any specific service you would recommend? I'm happy to manually use anybody trusted, and also to programmatically integrate with any btc escrow service which has an API.
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