Everyone shut up.. i am the smart one here !i was thinking of bring this up the other day.. seems like the community is asleep and going to get steam rolled.. i have been saying right from the start that scrypt asics are going to tank scrypt coins and idiots just argue and give me dumb excuses.. they prob have pre-orders and can't want to dump on unsuspecting idiots.. like exchange guys selling mining shares LOL as usual people bs like crazy to line their pockets.. it's called supply and demand.. if we have a super short period where all of a sudden 100x more scrypt coins are being dumped and yes they will be dumped.. people have bills to pay ..You don't get a gpu roi unless you cash out then what happens ? Well morons have have argued with me for ages that this is going to make scrypt coins 100x higher in value and that is the dumbest thing i have heard yet and everyone is saying that. i was surprised to see this topic and someone agree with me, i am still stunned.. finally we have someone speaking that isn't a fucking moron lol I got me mostly Vertcoin and i am mining X13. <-- did not see any x13 stuff in the Poll list  I did not vote because i want the voting option - Anything but scrypt (to mine / trade etc) what would happen if went and dumped 500,000 Bitcoins on BTC-E ? Is that going to drive the price to 10 grand a coin ? lol asics turn garbage into gold ? oh really ??  go look at coinchoose at the list of SHA coins and tell me how awesome they are and how popular and high in value they are.. spoiler alert: they aren't.. they are all fucking garbage no one wants anything to do with. forking is a good point too, i keep forgetting about that.. this is when the Exchange(s) are going to have step up (and coin dev's cloners) AND START notifying their customers.. hear me Cryptsy ? And yeah maybe it will end up good for Litecoin itself but there is far too many scrypt clone coins diluting the market / scene so.. shits going down lol are you all finally waking up ? i dumped my scrypt coin holding way back when i seen scrypt asics coming and the whole time since i seen no one agreeing with me.. nothing but dumb excuses at to how they are going to make scrypt coins worth a fortune.. and supply and demand dictates saturating a market is not a magical way of making a rare thing less rare and worth far more that is just pure raw stupidity big time ! I vote who cares.. just pick something else than scrypt lol ive been saying this all along too...staying as scrypt is the worst choice...if we don't change out of scrypt, i'll be dumping all 6 million of my dgb and buying into a POS coin. It's too bad that the bigger stake holders in dgb don't get more of a say...for the future progress of dgb, we need to change to a different algo and/or a different philosophy |
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Buying script ASICs would be the best solution.
you mean as a DGB community buy asics to secure our own network? this is actually an excellent idea, if doing nothing is the route that we go. There are risks with this too (not sure what they would be)..anyone have any thoughts on this? or doing exactly what blackcoin is doing but in a more transparent manner...the blackcoin multipool is a great idea but i believe the developers are stealing....we could buy asics as a community and create our own transparent and honest multipool.....we could all buy shares of the asics which will give us dgb in return....doing this in conjunction with switching to x11 is ideal.....it will accomplish 3 things 1. x11 will prevent dgb from being mined and dumped by asics 2. x11 will allow us gpu miners to mine dgb with low electricity 3. buying DGB community asics, we can mine junk coins and buy x11 dgb |
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Buying script ASICs would be the best solution.
you mean as a DGB community buy asics to secure our own network? this is actually an excellent idea, if doing nothing is the route that we go. There are risks with this too (not sure what they would be)..anyone have any thoughts on this? |
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Buy NXT or mine it at hashrate.org is what you should do, because PoW is going to eventually be a thing of the past. The only PoW coins that will be worth something imo are coins that use the hashing power for something useful like prime numbers or BOINC or something. But just hashing numbers for no purpose, and wasting electricity when we now know of better ways to secure networks (like PoS), is going to eventually be obsolete I think.
I agree and have been saying this for months.... |
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I was going to be a bastard and say: sell yr DGB and move into PoS, preferably with NXT, but someone beat me to it.....
I agree 100% that POW will be obsolete at some point. From our earlier discussions, I suggested an X11/POS hybrid for DGB but unfortunately a few coins are popping up with this exact makeup now. There has been alot of resistance to go the POS route by members of DGB forum. Clearly they don't fully understand what's happening. Honestly at this point, every move is risky for DGB. If we adopt X11 without POS or any other value added feature then we are just a copycat of Darkcoin (ie. = Hirocoin)... Not sure what to do however POS should be considered in the list of options... |
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This is huge. I am SO glad I decided to hold on to my lovely Blackcoins - Fuck the haters, BC was sold not because people didnt like it but because they were greedy and wanted to buy it back cheaper. The coin is back - the trend is up and will continue to go up until people run out of BTC - once more we shall suck all the BTC out of the shitcoins and into the blackhole - People can see the potential to triple their portfolio value at least - BUY baby BUY!
I 2ND THAT....THE WHALES ARE COMING BACK...THEY REALIZED IT WASN'T GONNA GET ANY CHEAPER THAN 15,000 SATOSHI.....ALL OF THE PANIC SELLERS WERE KILLED OFF AND NOW WE'RE BACK TO BUSINESS |
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for the last 2 days this coin has been left behind and almost dying. Why would people suddenly buy again lots of BC ? I hope it will reach the stars again, but I'm afraid tonight it will dump really hard while I sleep...  there is a reason so many people took up the bc banner last week, but the high price caused many bagholders to take some profits. It was never their intention to keep it all in BTC they just wanted to see how cheap they could get BC for. Now everyone is using those thousands of BTC's worth of profits to buy back in. my guess is this time we will see a ceiling of 65-75k, and there will be another sell off with less panic maybe bringing it back to 35ish at which point we build support until we are ready for the run to a dollar Completely agree, send Mintpal a ticket suggesting Blackcoin POS based market against MINT, ZEIT and ECC |
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I would love to be able to switch freely between the two using blackcoin as my savings and big purchases and dogecoin as my currency for all things digital
With bitcoin side-chains and spin-offs becoming a reality over time, many alt-coin communities will face tough choices in order to survive. I thought of a "defence" that pro-active cryptocurrency communities could employ to increase their expected life span. Here's how it would work: There seems to be a lot of support in this thread to work with the DOGE community, right? And it seems many in the DOGE community are interested in PoS due to the problems DOGE will soon encounter when all their coins have been mined. So why not merge both your blockchains? You essentially create a new network called "blackdoge" where the initial pre-mine is distributed exactly as per the sum of the DOGE and BC unspent outputs (with some agreed upon "peg" between the two currencies to account for market cap differences). People can claim their share of the pre-mine in a trustless and pseudonymous manner using the private keys they already have. This is very low risk, because for a while all three networks would run simultaneously. So if "blackdoge" fails, holders in either coin lose nothing. However, if blackdoge succeeds, you'd expect to see a collapse in the market price in BC and in DOGE and a sharp rally in Blackdoge. But in that case, people holding DOGE and BC win because they get piggybacked to the new coin for free which automatically has a larger user base. If the ecomomic majority of DOGE and BC viewed the new ledger as legitimate, then according to the Metcalfe model, Blackdoge should be up to twice as valuable as the combined value of BC and DOGE prior to the merger. Altcoin wars are here. Successfully merging blockchains with like-minded communities is the way to live to fight another day. Brilliant idea except it would cause some distruption in prices. People who are not doge fans will not go etc. It may do "more harm than good". But thats just an opinion. Miners may get confused? not sure... Great suggestion however there are major risks when forking a coin....digibyte is looking at a possible fork but again, it's a huge risk especially for coins that are more mature like Doge.....I emailed Mintpal and suggested a separate market for POS based coins all being traded against the gold standard of POS coins, Blackcoin !!!! Create a support ticket on Mintpal and make this suggestion, it's a quick implementation that will send the price of our coin through the roof !!!!! Blackcoin is the bronze medalist to getting it's own market....Bitcoin is gold obviously with Litecoin as silver....ISN'T IT IRONIC THAT OUR LOGO HAS A BRONZE TINGE TO IT...OR IS IT GOLD  ?? |
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Do you really want to see BC price go above 100k sat? Then take a moment from watching the buy and sell orders and email Mintpal! Ask them to add a BC/Doge pair and a BC/Mint pair!
Thank you!
Already done this pump is directly related to Mintpal adding BC market for Doge..There is upward pressure...A guy over over on Cryptsy chat was saying that Mintpal is looking at adding BC market because they want to steal BC volume from Crypsty...If I was Mintpal, I'd want steal business from Craptsy too !!!!!!! This is gonna be huge !!!! Buy now before we hit 100,000 this weekend !!!! This time the dump won't be as huge because BC is here to stay and setting the stage for all altcoins !!!!! I just sent Mintpal a ticket asking for BC market....I suggested a Proof of Stake market to start with ....BC to MINT...BC to ECC and BC to ZEIT.....POS is the future. I was at Bitcoin Expo in Toronto on the weekend and attended several speaking sessions. By far the biggest issue and concern with Bitcoin (raised by attendees) is its lack of energy conservation...it only makes sense to have a market dedicated to POS coins  |
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BC is the only coin in the market cap which went down. Everything is increasing. Hopefully when everything gets dumped BC will climb back
that's totally true and is what we are witnessing. The big whales made their $$$$ from BC pump and are keeping some profit as BTC and then investing other BTC profit into other scam coins which explains the retarded rise of Billion, Battle, USDe etc....Once the bottom comes crashing down on those trash coins the whales will be ready to pump those profits into BC again for another crazy pump and dump....it's like the "Wave" at the baseball game and we're sitting on the opposite end of the stadium right now with nothing happening....as much as I hate the whales too, we need them in the crypto world and just learn from their wild schemes |
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virtually no more trading on Mintpal.
wonder if that is good or bad right now.
it's the calm before the storm !!!! price surge and then another dump !!! |
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remember BC was 9500 5 days ago. today were at 18720.
+1 . Guys who bought blackcoin at start are still making profit I was at the Toronto Bitcoin Expo over the weekend.....I spoke with developers about Blackcoin ATMs launching June 1, 2014. Fiat to blackcoin baby. There is also rumor that Tim Horton's will be incorporating Coinkite system (which will include blackcoin) in both USA and Canada. I pray that blackcoin price stays low for the next few months.....I only get paid once per month and I need more blackcoin !!!! This pump and dump has been good for only one thing, getting people's attention....those who sold at a loss have made a very, very big mistake. |
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maybe we should also look at implementing proof of transaction for digibyte....like fluttercoin has....? The way that I understand it is that you get rewarded more coins for spending them !!!! Very cool idea. So again, I suggest we seriously look at POS, X11 and POT and implement a combination of these to digibyte if possible
Such is the design of Flutter Coin. Proof-of-Transaction - a feature only found in Flutter Coin, creates more opportunity for such chaos. For ex- ample, someone sending 1000 FLT to an ecommerce site for 1 widget, could be rewarded 2000 FLT via POB, enabling this person to possibly buy an additional 2 widgets, thus enabling the ecommerce site owner to use the proceeds to buy goods or services from another party, and the ripple effects continue...
While POT seems great, you're just handing out free money to people. Imagine a world where if you bought a car you had the chance of randomly being rewarded a second car for free? What if that never happened to you just because of bad luck. I'm sure there would be accusations of a flawed system and other things. POS and X11 are legitimate additions to consider. However, POS at a reasonable level should only be considered. There is no reason to implement a POS system paying out 20% a month as that is also unrealistic and rewards those who buy in early. It also encourages people to hoard digibytes for the large POS payouts. nice response, this is the type of discussion I was hoping we would have. I hear what you're saying about POT and agree that it may not be an ideal system although it's an interesting concept. My suggestion a few weeks back was a POS that pays 5-10% per year but pays out the stake every few days...and of course X11 i believe is a must. I've done alot of research at different algorithms and implementations and these 3 seem to be the best out there right now. I would gladly like to hear about others that are out there......Scrypt Jane / N scrypt is not ideal (ive posted on this before) for many reasons. |
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maybe we should also look at implementing proof of transaction for digibyte....like fluttercoin has....? The way that I understand it is that you get rewarded more coins for spending them !!!! Very cool idea. So again, I suggest we seriously look at POS, X11 and POT and implement a combination of these to digibyte if possible
Such is the design of Flutter Coin. Proof-of-Transaction - a feature only found in Flutter Coin, creates more opportunity for such chaos. For ex- ample, someone sending 1000 FLT to an ecommerce site for 1 widget, could be rewarded 2000 FLT via POB, enabling this person to possibly buy an additional 2 widgets, thus enabling the ecommerce site owner to use the proceeds to buy goods or services from another party, and the ripple effects continue...
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sorry to post this here (it's slightly off topic and i'm not trying to promote other coins. I'm posting it here because i care about DGBs future)...I'm a huge believer in digibyte since the first day it was launched. I hold alot of DGB and plan to buy another 5 to 10 million...For the technical plans for DGB in the near future we need to look at the overall altcoin market and the trends that are happening in real time. See my response below to another person's comment under the mintcoin forum.. I think that this guy's comments are extremely valid and I tend to agree with him. For digibyte, we should adopt a niche somehow and evolve our coin to a more energy efficient coin with a serious purpose that is doing good for the world. Quote from: Jeezy911 on Today at 06:05:56 AM I would just like to point out that I am on the first 10 pages of Black, Zeit, and Mint threads. Im starting to feel like an alt coin genius lol. POW coins are going to all die now, if you are a big bagholder of say WDC or Litecoin you might want to GTFO soon. Don't say I didn't warn you. _______________________________________________________________________________ ____ I've been saying this for months too, i'm a believer in all POS coins.....X11 will be the future as well......ya unless POW is actually doing something good for the world....like Ripple XRP https://www.computingforgood.org or raising money for charity (einsteinium for example)...the POW coins are going down the crapper...pointless to waste and spend money on electricity that is not needed with POS and X11...I mean blackcoin is booming now but mintcoin is just as valueable (in different ways). I havent figured out if I'm just a visionary or if most people are not very smart. I mined a good chunk of all my POS coins and my profits are astounding....10+ bitcoin worth. Mintcoin is awesome and I will continue to pump money into it....slowly getting rid of my Canadian crap dollars. Most of the whales who pump and dump good quality coins are only hurting themselves in the long run.....For crapcoins, I fully understand pumping and dumping....I shouldve unloaded my lottocoin and fedora when they skyrocketed...they are both garbage now in my opinion and now i'm left holding the bag lol....at least i didn't buy them....Litecoin is the only POW coin that i'm unsure about...it's so huge and ASICs will keep it alive, I doubt it's going anywhere although i could be wrong |
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I would just like to point out that I am on the first 10 pages of Black, Zeit, and Mint threads. Im starting to feel like an alt coin genius lol. POW coins are going to all die now, if you are a big bagholder of say WDC or Litecoin you might want to GTFO soon. Don't say I didn't warn you.
I've been saying this for months too, i'm a believer in all POS coins.....X11 will be the future as well......ya unless POW is actually doing something good for the world....like Ripple XRP https://www.computingforgood.org or raising money for charity (einsteinium for example)...the POW coins are going down the crapper...pointless to waste and spend money on electricity that is not needed with POS and X11...I mean blackcoin is booming now but mintcoin is just as valueable (in different ways). I havent figured out if I'm just a visionary or if most people are not very smart. I mined a good chunk of all my POS coins and my profits are astounding....10+ bitcoin worth. Mintcoin is awesome and I will continue to pump money into it....slowly getting rid of my Canadian crap dollars. Most of the whales who pump and dump good quality coins are only hurting themselves in the long run.....For crapcoins, I fully understand pumping and dumping....I shouldve unloaded my lottocoin and fedora when they skyrocketed...they are both garbage now in my opinion and now i'm left holding the bag lol....at least i didn't buy them....Litecoin is the only POW coin that i'm unsure about...it's so huge and ASICs will keep it alive, I doubt it's going anywhere although i could be wrong |
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I said this weeks ago but I will say it again....Digibyte should seriously consider looking at becoming an X11/POS hybrid...I've made over 5 bitcoins profit on blackcoin and it's taking off. The POS is brilliant (daily stake, 1% per year)....Now I believe that Digibyte has the best Developer of all altcoins and our future will be bright. I've suggested in previous posts that there is a niche for digibyte to fill. There is a reason that all POS coins are skyrocketing in price. We don't want to get left in the dust! I was at the Bitcoin expo in Toronto over the weekend and it was awesome. After attending several seminars it's obvious that the future is bright for cryptos. The one common complaint about bitcoin that I noticed was that the massive amounts of electricity consumed by the bitcoin network was not used for anything useful. In summary, digibyte should seriously look at both POS and X11 as well as incorporating hashing power that is actually contributing to something productive in the world (eg. the way that Ripple is paid out to users of the world community grid https://www.computingforgood.org ) We have the best development team of all altcoins. I'm ready to see what creative evolution digibyte can accomplish. And of course, I have my blackcoin profits ready to buy up a more digibyte. My goal is to purchase another 5 to 10 million more DGB to be added to my stash of a million DGB but again, we need to stay proactive and innovate as a coin. |
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Thanks for maintaining HBN.
You are welcome. Hopefully things settle down here soon. I have been making some headway into the assert failures. Essentially some of the blocks are missing from the index. I still don't know the root cause for this. As it appears to be somewhat random? But I am continuing investigation into this issue. Keeping a running backup of the txleveldb folder and blk???.dat files should help. As you can quickly use a slightly older version, and then re download the missing blocks. I'll put up weekly zips of the files so others won't have to re download the block chain many times. Plus after you have a working backup you can always use that to catchup to current quickly. Hello all. I have been trying to get my hobo wallet to work for a while now and I now have a simple workaround! I'm working with Tranz to fix and will let you know shortly. Are there alot of people with assertion failed errors? That's the error that i've been dealing with in my Windows 7 setup. I'm glad to have finally solved the problem and minting is working flawlessly as it should. |
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How about we all just chill out and wait a little longer for a response from the dev and stop speculating.
They've already responded. I know, and they said they were looking into it/working on it. My point to everybody is, lets be patient and wait for the next update. They said they would look into if it becomes an issue, actually All I know is that the time for all this talk is over. they say they can kill the coin. I'll believe it when I see it. until then, well, talk is cheap. Believe me, if they could kill MINT they would have. They can't do it so they are left with trolling. There is probably validity to your statement Mg. Soepkip and others post on this thread and say they are trying to help. However if one looks at the posts outside of this thread, you will see them openly mocking Mint. Still, I think we should just ignore them while our dev takes a look and makes a statement. Having Paspi look into it is a big plus too as he has already fixed a minor bug for our community. Very good points. They would have killed the coin already because obviously that was their intent with the attack after all. Blackcoin developers and community are upset that Mintcoin POS 20% per annum is a much better system than blackcoin 1% POS. The only thing going for blackcoin is the multipool. Blackcoin will succeed because it's unique and so will Mintcoin, which is what the Blackcoin community is realizing. Put it this way, hackers will not put an attack on a coin which is a failure. Hackers attack a coin because they are testing it and plan to invest in it. Now that Mintcoin has passed the "hacker" test, we are going to see a massive buy order once all of the panic sellers get out of the way. Panic sellers please keep selling so that I can stock up before price explodes  The same approach can be used to explain the hack on Bitcoin's transaction malleability issue...the hackers are making sure that the lake is frozen before they walk across it. Clearly Bitcoin's lake is frozen and look at the endless stream of investments into Bitcoin! MINTCOIN = ANTI-FRAGILE |
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I've just noticed something while going over the block chain. First of all, the attack was really just from 203231 to 203405 before it started to be interrupted by even more PoS blocks: http://mintcoin-explorer.info/chain/MintCoin?hi=203233&count=50http://mintcoin-explorer.info/chain/MintCoin?hi=203433&count=50Secondly, even within this period, there are still some PoS blocks that occur: https://i.imgur.com/LydCerH.pngMost importantly of all. Through the ENTIRE attack period, not a single transaction was confirmed by one of the PoW blocks (aside from the PoW blocks producing their 1 MINT). The only transaction confirmations were done by the few PoS blocks which interrupted. How is this possible? There are way, way more PoW blocks, but none of them confirmed transactions over an entire hour? Is that because PoW blocks cannot confirm transaction during this "attack"? If so, then this "attack" cannot be used to double spend or do any real damage. Right? So it's even worse than we thought. The entire network was frozen with no confirmations, and that was only carried out by the first stage of the attack. Game over. No it's even better than we thought! If you investigate the block chain and understand how POW/POS works you will realize that Mintcoin has just survived the worst possible attack. Mintcoin is anti-fragile even more so than bitcoin. You clearly don't understand what anti-fragile means and I certainly wouldn't trust any of the FUD that your smearing with a grain of salt. |
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