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3761  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MAX] MaxCoin - Alive and Kickin' on: March 10, 2014, 06:06:55 PM
Either way, those who purchased in weeks 1 and 2 were throwing money away and it was obvious due to the coin inflation level. If there was block rewards halving weekly I could understand, but block halving ~1 year - there was absolutely no hurry to purchase MaxCoin in those first weeks.

Maxcoin started with difficulty 0 so I would really like to know what you guys who bought early and bought a lot were thinking. Even right now, with
prices as they are, those who started mining at the very start are very much in plus and will stay so for a long time, until eventualy (and hopefuly not)
difficulty drops down to 0. Even then, if block time averages 30 seconds those who started mining at the very start would still be very much in plus
because block time average at the very start was just few seconds! All in all, even if Maxcoin was designed to not halve but stop coin generation 1 week
since start the price at the start (as it was) would still be extreme high and it is so because, as you can witness with EXC, ZET and PMC, once some coin
generation stops and coin fails to attract many users (not much use for it) not many miners actualy give a damn about coin anymore ... difficulty goes
down a lot which means you can not ask a lot of money for coins. Not many are so retarded to pay super high price (and thus make early adopters very
rich) for a coin that has no use and that means less and less people will be mining, difficulty will drop to compensate and finaly even if price starts to
match low difficulty not many would put much money into coin because of one simple fact = low difficulty means almost anyone can successfuly do
51% attack. Basically, as proven by EXC, ZET and PMC, useless coin is going nowhere and all gibberish like specs, algo, whatever are totally irrelevant.

Bitcoin is not around 600 USD because it was the first cryptocoin. It costs that much because it is by far the most useful cryptocoin.

Just to make it clear, any cryptocoin which at this point in time started with difficulty 0 or similarly ridicule low values is an early adopter scam, period.
3762  Bitcoin / Development & Technical Discussion / Re: Yet another Coin Control Release on: March 10, 2014, 04:57:33 PM
Thanks, I will check it later today on Testnet (of course).
3763  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MAX] MaxCoin - Alive and Kickin' on: March 10, 2014, 04:28:32 PM
Think in the opposite way, someone won 10 btcs out of maxcoin because of your stupidity and buying high. Looking at the overall downtrend of maxcoin i doubt now is the right time to go long.

With cryptocoins it is almost always hard to tell when to buy or sell. The best strategy is to start buying or selling a little then buy or sell more if price
moves against you or in your favour. Here is my MAX investment so far, notice the gaps where it was obvious price will go down more so I removed
buy order to not end up with too much MAX at high average price. I'm now "fishing" at 0.00025 for a total of 0.8 BTC and hoping for massive dump
to fill my orders at 0.000125 and eventualy 0.0000625, that would massively help to reduce currently not so good average buy price (the last column).

0,00140000   0,02000000   14,28571429
0,00135000   0,02000000   14,81481481   0,04000000   29,10052910   0,00137455
0,00130000   0,02000000   15,38461538   0,06000000   44,48514449   0,00134876
0,00125000   0,02500000   20,00000000   0,08500000   64,48514449   0,00131813
0,00120000   0,02500000   20,83333333   0,11000000   85,31847782   0,00128929
0,00115000   0,05000000   43,47826087   0,16000000   128,79673869   0,00124227
0,00110000   0,05000000   45,45454545   0,21000000   174,25128414   0,00120516
0,00105000   0,05000000   47,61904762   0,26000000   221,87033176   0,00117186
0,00100000   0,05000000   50,00000000   0,31000000   271,87033176   0,00114025
0,00095000   0,05000000   52,63157895   0,36000000   324,50191071   0,00110939
0,00090000   0,10000000   111,11111111   0,46000000   435,61302182   0,00105598
0,00085000   0,10000000   117,64705882   0,56000000   553,26008064   0,00101218
0,00080000   0,10000000   125,00000000   0,66000000   678,26008064   0,00097308
0,00075000   0,10000000   133,33333333   0,76000000   811,59341398   0,00093643
0,00070000   0,10000000   142,85714286   0,86000000   954,45055683   0,00090104
0,00065000   0,20000000   307,69230769   1,06000000   1262,14286453   0,00083984
0,00060000   0,00000000   0,00000000   1,06000000   1262,14286453   0,00083984
0,00055000   0,00000000   0,00000000   1,06000000   1262,14286453   0,00083984
0,00050000   0,40000000   800,00000000   1,46000000   2062,14286453   0,00070800 <--- currently at this point
0,00045000   0,00000000   0,00000000   1,46000000   2062,14286453   0,00070800
0,00040000   0,00000000   0,00000000   1,46000000   2062,14286453   0,00070800
0,00035000   0,00000000   0,00000000   1,46000000   2062,14286453   0,00070800
0,00030000   0,00000000   0,00000000   1,46000000   2062,14286453   0,00070800
0,00025000   0,80000000   3200,00000000   2,26000000   5262,14286453   0,00042948
0,00020000   0,00000000   0,00000000   2,26000000   5262,14286453   0,00042948
0,00012500   0,80000000   6400,00000000   3,06000000   11662,14286453   0,00026239
0,00006250   1,60000000   25600,00000000   4,66000000   37262,14286453   0,00012506

So, by utilizing a variation of Martingale betting system (http://en.wikipedia.org/wiki/Martingale_%28betting_system%29) one can end up with
very good average price. Above you can see that even though I started buying at 0.0014 if all buy orders end up filled my average price (no profit if
I sell all at that price) would be 0.00012506 with total 4.66 BTC invested and around 37k MAX bought. Even if price would stay at 0.0000625 at that
point I would be in loss for only 50% around 2.33 BTC. If price later goes up 100 times, to 0.012506 which is very possible given it was at 0.005 at
one point already, that would return 4.66 BTC > 466 BTC a massive profit if I manage to sell all MAX at 0.012506

If price stays around current levels I will just move my buy orders higher, to 0.003 or so, or even buy at around 0.0035 for like 0.8 BTC in total.

Anyone who thinks he or she will always enter or exit market at absolute bottom or absolute top is a noob trader. That is not how investments work.

Thanks welcomed at mTpxbaoEbNoryabX2k8UCjiTmSdLZzAnmG  Smiley
3764  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] TEKcoin Fast,Fair with high interest payments on: March 10, 2014, 03:58:45 PM
paying 40% after 30 days(it can take longer). the most i have waited over for tek to stake so far is about 33 days

It can take longer, recently it took like 38 days for my wallet to mine PoS block e.g. unspent input was 38 days old. But it seems % gained will take
into consideration number of days passed so (presumably) if PoS block is mined 60 days later user gets not 40% but 80% coins. If cap is 90 days
like with PPC that would mean any PoS block mined 90+ days later returns around 120% coins. If you are 1 year late, you get around 120% coins,
no more, right? It is a nice incentive to have your local wallet running and thus help network.

Anyway, if I type getdifficulty it shows the following:

16:57:29
getdifficulty

16:57:29
{
"proof-of-work" : 48186.93773140,
"proof-of-stake" : 0.00390625,
"search-interval" : 1
}

What exactly is search-interval? 1 second between attempts to mine PoS block?

BIG dump of TEK today...
This is why the coin needs more exposure. To stop from shocks like this.

Dumps totally welcomed otherwise there is no way to get cheap TEK anymore. If dumper can fill buy orders at 0.00015 or lower that would be great!

Just do it!  Grin
3765  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] MediterraneanCoin (MED) - REUSE your ERUPTER!! new hybrid PoW algo! on: March 10, 2014, 03:39:25 PM
Got new package Smiley

Antminer U2 - 2500 MED (used, in stock: 25)



Ordered 5, finaly an upgrade for my old "lazy" USB Erupters. Tx ID 3c168c4de8feb6317abf510be201544514009ff069c062405cc3608ab3a07d94
3766  Other / Meta / Re: PETITION: Delete the Alternative Crypto-Currency Forum (please). on: March 09, 2014, 07:43:43 PM
there are altcoin users who may have valuable information, techniques and ideas which would be of benefit to all.

Provably wrong. Bitcoin profited in no way from altcoins, it is the other way around. Not only that absolutely nothing invented by altcoin developers is
added to Bitcoin but allowing altcoin market to grow puts noticable preasure on BTC due to most altcoin miners cashing out to fiat to cover their mining
costs. Not directly helping Bitcoin, more or less openly wishing it dies, dumping BTC (or LTC) for fiat but still allowed to do practically everything here?

It clearly shows forum needs agenda change. It is just like with everything, the ones who made a progress will become an obstacle for further progress.

Live and let live, I say!

Provably wrong long-term. Nature does not work that way and it is provably fine for as long as humans do not start messing with it, "fixing" stuff, etc.
3767  Other / Meta / Re: Should newbies be restricted again? on: March 09, 2014, 07:15:24 PM
I still think 0.01 BTC payment to join this forum would help the most.

It is very difficult to get 0.01 nowadays, even when its value is just $6. It takes absolutely ages from faucets, impossible to mine from cpu, months from first gen asics, or may be a 50 mile drive to a bitcoin shop or atm.

Fiat > BTC, of course. Increase demand for BTC. To allow free entrance here works directly against demand increase and on top of it all we have scam
shits going around every day! Cost to attempt scamming? Almost zero. What to do with scammed coins? Most likely sell for fiat, putting preasure
on major coins, those one can convert to fiat. So in the end very little good comes from free access to this forum. The number of damaging posts from
newbies exceeds number of beneficial posts by massive percentage.

Newbies are allowed to post links to supposedly cryptocoin GUI clients (Qt) and other executables and suspicious stuff like infecting people computers
is no big deal for Bitcoin. It is so because we need more "Bitcoins scammed!" articles in media, right?

Liberal mindset was appropriate around here but it is no more, at least not when it comes to forum moderation ... it will backfire badly sooner or later
and then bullshits like "Use your brain!" will become just echoes of failed management.
3768  Other / Meta / Re: Should newbies be restricted again? on: March 09, 2014, 06:55:11 PM
I went through the Newbie Jail and it just took a bit of patience.

Anyone who is into cryptocoins short or long-term will not find it hard to wait to exit newbie jail. Everyone else is provably working against cryptos,
one way or another, with eventual exception of people who are already into community and not active on forum but have some major news to post.
Like local event or something, stuff no one else could know and thus post here, so opening News section for newbies might be actualy useful.

I still think 0.01 BTC payment to join this forum would help the most. BTC earned could be used to hire some (more) professional forum moderators
or even pay known people doing investigations around here so that they become extra motivated to check new user backgrounds, claims and so on.
3769  Other / Meta / Re: PETITION: Delete the Alternative Crypto-Currency Forum (please). on: March 09, 2014, 06:47:50 PM
The ALT subforum no longer serves any purpose except for fraudsters hucksters and scammers to rip people off.

Make them build their own forums.  A HUGE disservice is being done by diverting people away from Bitcoin.

However my preference is to see the ALTS forum GONE.  This forum is BTCTALK.  If people want to market their scamcoin let them build a forum and attract people.  The sub is now a place of abuse and a hotbed of fraud, there is a huge danger new people will get sucked into a scam and turn their back on BTC, when we could have educated them about BTC instead.

Lets END the freeloading here for the scams and fraud.  I could maybe accept a Litecoin subforum just because they have devs that work on the BTC client, and help out.  However that should be up to the community, there is no reason we owe a space to these people trying to rip everyone off.  A year or two ago interesting technical discussions could be found there - now it is truly a SCAR on this website.

I totally agree. It is in the best interest of all cryptocoins if altcoin threads finaly move elsewhere, to their own forums or some altcoin-only forums.
With everything cryptocoin happening right here on this forum it became a major target. The whole cryptocoin movement would be damaged badly
if this forum goes down for long or even forever. Just look at MtGox ... luckily many people moved to other exchanges before it started going wrong!
3770  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [WOT] WOTcoin -10 days before launch! Get in NOW!! [IPO][SHA3] on: March 09, 2014, 06:14:14 PM
WHAT?
WOTCOIN - first cryptocoin, which joins real application and crypto currency! Made for game by gamers!

There where a lot of different coins launched for last months, but no one of them can be used for purchasing any "game" items. So we are proud to present first cryptocoin, which can be spent for buing ingame money and items. In one month after launch we are going to open our exchange, where you can change WOTcoins directly to World of Tanks gold or items, which can be purchased for gold.

Here is our plan.

First, we need to build our front end. Strong community, poweful and distributed network, good exchange rate - this is all, which makes cryptocoin popular and stable.

Second, we need to develop our back end. This is the biggest part of the project. It will be our exchange, that connects directly WOTcoin and World of Tanks. We are developing fast and reliable trade engine, which will allow everyone to trade coins and exchange them to gold. For now 60 percent of coding is done and "heart" of exchange, main trading and buying algorytms are almost ready. Remains frontend and desing things. We are ready to work with RU, EU and USA clusters. Only Chinese one remains inaccessible for us because of local peculiarities, but we are working on it.

Third, after everything ir ready, we will promote our coin to gamers. We have potential of more than 50 million people, playing World of Tanks all over the world.

Scam!

It is neither possible to sell or buy player items in WoT nor Wargaming ever heard of you nor they have plans to start accepting cryptocoins so you
got negative trust rating from me. I'm WoT player since closed-beta (email invites) and I have direct contact with Wargaming team. You are liar, bye!
3771  Economy / Goods / Re: I'm Satoshi Nakamoto T-Shirt - Supporting Dorian Nakamoto on: March 09, 2014, 06:07:36 PM
"I'm NOT Satoshi Nakamoto ... but I got free lunch!" would fit the situation around Dorian better, with some cooler font and with smaller design size.
3772  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] MediterraneanCoin (MED) - REUSE your ERUPTER!! new hybrid PoW algo! on: March 09, 2014, 05:53:15 PM
"BTC? LTC? Try MED!"
"BTC? LTC? Get MED instead!"
"BTC? LTC? MED combines both!"
"SHA? Scrypt? Go for SHA + Scrypt!"
"Cryptocoin headache? Use MED!"
3773  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] MediterraneanCoin (MED) - REUSE your ERUPTER!! new hybrid PoW algo! on: March 09, 2014, 05:06:38 PM
added this message to campaign:

Have an old mining ASIC?
Give a new chance to your old ASIC!
New life for you old block erupters!


I'm not AdWords user but isn't it one should use shortest keywords and phrases possible? Bellow are some suggestions, some might be too general:

ASIC mining
ASIC altcoin
ASIC crypto
USB erupter
Block erupter
MED altcoin
MED mining
Unique altcoin
Altcoin ASIC mining

SEO optimization of MED website could help with promotion as well.
3774  Bitcoin / Development & Technical Discussion / Re: Yet another Coin Control Release on: March 09, 2014, 04:44:41 PM
Can you please see if the same bug exists in Bitcoin 0.9 rc2?
Pls, pls fill the bug report if u can do this with 0.9 RC2, ty.

The last version of CC or OMG clients (Win binary) I can find are both version 0.8.5

http://download1.rpmfusion.org/~warren/bitcoin-0.8.5-OMG10/

Is there any newer Win binary?
3775  Bitcoin / Bitcoin Discussion / Re: I bet this guy is real Satoshi!! on: March 08, 2014, 02:13:18 AM


Cheesy Cheesy Cheesy
3776  Bitcoin / Development & Technical Discussion / Re: Yet another Coin Control Release on: March 08, 2014, 01:58:27 AM
Bug with "Tree mode":

1. Select some unspent input on address X, send some coins from it to different wallet and let Bitcoin-Qt handle change address (make a new one in
the background). That change address will be shown as a child of address X, as a visual aid for existence of connection between those two addresses.

2. Do the same as in 1. but for change address (or second destination, where number of coins to be sent = change) use address Z which you created
in the same wallet. Afterwards, address Z will not be shown as a child of address X even though there is direct link between those two addresses, e.g.
change address in case 1. and address Z have the same status toward address X.

Client version v0.8.5.0-gef14a26-beta on Win7 64-bit.

I will post screenshots if neccessary.
3777  Bitcoin / Bitcoin Discussion / Re: [Poll] Should Bitcoin be regulated? on: March 08, 2014, 01:19:46 AM
Where is the option for "it already is regulated"

+1

Bitcoin is already regulated by the protocol.

Cut the crap, you know perfectly well in what context is regulation mentioned here and what sort of regulation governments are after.
3778  Other / Meta / Re: Should newbies be restricted again? on: March 08, 2014, 01:15:37 AM
What, you wanna tell me theymos is perfect? I could prove it to you easily why he is running this forum badly but it is pointless because he himself
and most who have power around here do not care.
3779  Other / Meta / Re: Should newbies be restricted again? on: March 08, 2014, 01:13:07 AM
This is theymos pissyard. Too bad such retard became owner of main Bitcoin forum.

Retard?!?! Most forum usually fail after huge attacks, hacks, or a lack of funds. I am surprised that this forum actually survived for so long.

Technical expertise is a clear sign of incompetence elsewhere.
3780  Other / Meta / Re: Should newbies be restricted again? on: March 08, 2014, 01:10:09 AM
This is theymos pissyard. Too bad such retard became owner of main Bitcoin forum.
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