Please read before spreading FUD - the funds are simply stored in an offline wallet so that the bulk of them are safe in case the faucet is hacked. Having 25k in the faucet makes it a target.
I'll belive in that once faucet balance hits 0 and those 24,000 coins or major part of them replenish the hot wallet. |
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Wasn't it a bounty anyway? The bounty was for creating the faucet. "Powered by MiniFaucet v0.4 - get your own faucet!" does not sound to me like creating the faucet. |
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Hej momci,
kako će utjecati ova zabrana korištenja btc-a o stalih virtualnih novčića u rusiji na cijenu btc-a ?
Na ovom dijelu foruma se ne prica o bilo cemu drugom do debilnim stvarima tipa koja graficka, koji setingsi i slicno. Ne moze stoka sitnog zuba da odmakne od toga, eno vidi ih kopaju u kanalu, uprljani, smrdljivi i bez ikakve veze s onome sto je bitno. Cak i to sto rade (mos' mislit pameti velike) oni rade pogresno! Kopat coine koji su precijenjeni hahaha majko mila koja ekipa. |
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"Bitcoin suffers from the dark-side image and a partner like PayPal is likely to enhance the public confidence in the crypto currencies"  Weird. I won't complain about another exchange going up, although I doubt they have the expertise to run a bitcoin exchange right. Too bad public will fall for the craps and praise PayPal and Ebay even more. Funny how they will in the end manage to profit the most from cryptocoins. If it's up to me, those bastards and any others would be blacklisted. Right there in source code. All you sold faggots cheering news like this one make me sick. |
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Hopefully this is already sufficiency common place to prove prior art. Hopefully...
Yes, but is the secure environment known as a Vault?  I wonder if they're talking about some sort of auto-top-up-from-cold-storage for your spending wallet. That would be neat. I think they are creating another centralized wallet service like blockchain.info but with some extras. |
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That many 3rd-party tracking and datamining craps are rarely seen, congratz!  |
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if I remember correctly crypto use berkeleydb for the blockchain local storage, you should be able to browse that with different technologies stacks, there libraries for that . this one looks to be an explorer for it https://github.com/jutky/Berkeley-DB-Explorer with a gui in java but you'll have to understand the schema in it (which I never dig into) but usually the daemon offers an API intended for that abstraction. It seems to me PMC uses LevelDB, the same one Bitcoin is using at the moment. BerkeleyDB had multiple issues and it was slow so Bitcoin devs switched to different database with version 0.8+ |
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As soon as some cryptocoin arrives that takes reality into equation I'll move all my online wealth there. All this coins made by geeks
just can't survive even minor real world threats.
Buy NXT then... I have invested into NXT a bit (will put more money but not at this prices) and opted for not keeping coins (boring) but reserving aliases. One will always be able to get coins but aliases are "once taken, always taken" unless person is ready to pay a shitload of coins to buy alias from me.  http://87.230.14.1/nxt/nxt.cgi?action=4000&acc=18384674354580664306 |
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Those are my orders at Poloniex, dump dump dumppppppppppppppppppppp! No  Bear says WUUUT? More of those at http://imgur.com/gallery/ntcjK (yes, it is Japanese stuff!)
DO NOT SEND DEVELOPER ANY COINS FOR DISTRIBUTION, THIS COIN WON'T WORK!
It is funny how you now want to send money towards this coin. And even try to push the price down to get more. But a few days ago this coin was worth zero to you. It will be interesting to see how much you will value it after one month. To his credit I believe he was expecting me to sell the coins as some kind of an IPO. That and also at that time coin was supposed to be using fixed difficulty, it would be a dissaster to do that one way or another unless one can create such a system where network just don't care if you submit block too early (for example in under 55 seconds) but also halves or drops difficulty down to 1 in case of block taking too long (for example over 65 seconds). Something like that will be the cryptocoin of the future or at least the most "green" one. The way all coins work now is just horrible, all it takes to increase inflation is to add considerable hashrate! Add 10 times more hashrate to Bitcoin and there you go, inflation up by 1000% until 1st difficulty change and then 250% until 2nd difficulty change (max diff multiplier is 4). Have quantum computer with almost unlimited speed? Well, all BTC would be mined in under a week, I guess. Bitcoin, Litecoin and all other guys are playing with fire. None of those coins have protection from block flood or "no rain" seasion. All it takes to do massive damage to those coins is to take care of few major pools, e.g. few humans. Given that almost everyone do not have local Bitcoin node and mining setup for solo mining you can easily imagine what would happen in case described above. As soon as some cryptocoin arrives that takes reality into equation I'll move all my online wealth there. All this coins made by geeks just can't survive even minor real world threats. |
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Those are my orders at Poloniex, dump dump dumppppppppppppppppppppp! No Bear says WUUUT?  More of those at http://imgur.com/gallery/ntcjK (yes, it is Japanese stuff!) |
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I'm liking the ideas coming out of this thread now, however at the same time we shoud be mindful now to make big changes when we're not sure how small changes will effect the currency. Right now I think coin movement and tx fees are going to be the biggest contributing factors to the coins success, and once that is done, other ideas will certainly be worth considering.
There is a very specific order of how things should be done else there will be a dissaster. Unless there is protection in place against the possible situation which I've explained earlier it is unrealistic to expect people will be buying PMC for much BTC or whatever other cryptocoin. It would be like buying 1kg gold bar from someone who afterwards leave you solo with a group of Somali pirates or some similar folks. I have calculated my risks and assigned a total 0.05 BTC for buying PMC. That much BTC I can lose but the price at which I'm buying still reflects the chances of ending up with nothing. 0.00001000 1000 0.01 0.00000875 1142.8571 0.00999999 0.00000750 1333.3333 0.00999999 0.00000625 1600 0.01 0.00000500 2000 0.01 Those are my orders at Poloniex, dump dump dumppppppppppppppppppppp! |
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Cost of producing 1 PMC now is infinite but valuation based on that will utterly fail unless you take into consideration the utility
of PMC, security ot network and dozen other factors. For example, will you invest 1 BTC into PMC when some funny guy can come
and paralyse mining by mere adding few THashes and reject everyone's tx and blocks? There are people out there who could do
it for fun, because they can or some other reason. BOTNET operator might do it to test how much PMC he would get from tx fees
and so on. So, a guy paralyses PMC, increases difficulty to 100k and jumps off the chain, what happens next? I think you know.
Makes me sad. Well it does not have to be that way. Bitcoin Testnet artificially drops difficulty to just 0.5 if block is not found after 20 minutes. It does that temporaly, the next block difficulty goes up to same value as one before (for example, 1k > 0.5 > 1k) and then after 2016 blocks classic difficulty retarget kicks in. That system works like charm! Another example is TerraCoin with artificial halving of difficulty but that experiment failed because halving was permanent (for example, 1k > 500 > 500) which allowed smart guys with a lot of hashpower to exploit it so TerraCoin had yet another hard-fork. |
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Cost of producing 1 PMC now is infinite but valuation based on that will utterly fail unless you take into consideration the utility
of PMC, security ot network and dozen other factors. For example, will you invest 1 BTC into PMC when some funny guy can come
and paralyse mining by mere adding few THashes and reject everyone's tx and blocks? There are people out there who could do
it for fun, because they can or some other reason. BOTNET operator might do it to test how much PMC he would get from tx fees
and so on. So, a guy paralyses PMC, increases difficulty to 100k and jumps off the chain, what happens next? I think you know.
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True that but you are forgetting that PoW coins get their value from amount of money invested in obtaining them from digital
ground. Just like gold or silver in real world, price is bound to the costs of mining the resource. No one in the right mind will
pay 1,000 USD for something that costs 1 USD to be created. ....
That means that once BTC or any other coins are mined completely it will lose all it's value because no new coins can be found. That depends on the BTC price and the price of hardware required to mine it. Equilibrium between money invested and money earned will always be found at some point. Maybe one day 0.01 BTC you'd get from tx fees alone will be totally enough to not just pay electricity and hardware costs but have enough extra cash to just mine BTC and enjoy the life. It seems to me some of you are counting on the math 0 PMC from block reward means 1 PMC cost what, 1000+ BTC? Haha that won't work, people just won't mine PMC. At least those who pay their electricity bills and have considerable amount of money invested into mining hardware. I ain't gonna be mining PMC unless it's utility and investments at least balance each other out (mining with zero profit). |
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500,000 * 0.0002 = 100 BTC = almost 100,000 USD if MtGox price is used. You really think that is not too much for altcoin
that started few days ago and actualy is a mere clone of SHA-256 altcoins with the only thing different in the fact there is no
mining reward by default? I don't see why should the price be any higher than 0.0002 BTC except because of the speculation
which is BTW something one can do so much easier and with more liquidity with dozens of other cryptocoins and other stuff.
Premine has no inflation. There is no downward pressure to the price by the new coins mined. This is a huge advantage against most of the other coins. True that but you are forgetting that PoW coins get their value from amount of money invested in obtaining them from digital ground. Just like gold or silver in real world, price is bound to the costs of mining the resource. No one in the right mind will pay 1,000 USD for something that costs 1 USD to be created. Some here are comparing NXT with PMC but there can't be much said that satisfies both coins. They are both premined and that is the only similarity. Or you wanna tell me changing few lines in Bitcoin code equalls creating the 1st ever PoS altcoin from zero? Get real. You wanna create 1+ million value by doing a bit more work than pressing ENTER on your keyboard. |
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Sell at 0.0002 is too much low...
i bought those 500,000 * 0.0002 = 100 BTC = almost 100,000 USD if MtGox price is used. You really think that is not too much for altcoin that started few days ago and actualy is a mere clone of SHA-256 altcoins with the only thing different in the fact there is no mining reward by default? I don't see why should the price be any higher than 0.0002 BTC except because of the speculation which is BTW something one can do so much easier and with more liquidity with dozens of other cryptocoins and other stuff. 100 BTC after few days of life isn't bad but I think that the target could be more. I'm too optimistic maybe but if is fixed the issue about the minimum tx fee and the net have a good hashrate this will be a good coin. The real problem here is that are many, maybe too much, people that are sitted on their coins and don't do anything to assure the best for the future. You will find that with almost all cryptocoins people who have the most coins are the most lazzy ones. Incompetent people who got in early, got lucky with buying huge pile of coins super cheap and so on. Similarity with the real world, where bankers and others who are considered elite are actualy quite incompetent should come to no surprise here. |
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Sell at 0.0002 is too much low...
i bought those 500,000 * 0.0002 = 100 BTC = almost 100,000 USD if MtGox price is used. You really think that is not too much for altcoin that started few days ago and actualy is a mere clone of SHA-256 altcoins with the only thing different in the fact there is no mining reward by default? I don't see why should the price be any higher than 0.0002 BTC except because of the speculation which is BTW something one can do so much easier and with more liquidity with dozens of other cryptocoins and other stuff. |
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I'll skip it, sorry. 1 oz (28.3 grams) silver coins and bars are around 21 USD elsewhere. I'm not into numismatics mostly because
import taxes for such items are ridicule high in my country and local market is just too small to cash-out easily, quickly and with
no big losses.
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