There would be a series of giveaways to put coins out there in the universe to bootstrap the process; one thing I'm thinking of would be to pick a date in the bitcoin blockchain, then give people a fixed amount of time (maybe six months) to prove they owned a certain amount of bitcoin on that date and collect a proportional amount of the new coins. (no, there is no need to send any bitcoin anywhere, no need for an "exit address", no need to pollute the bitcoin blockchain with tiny transactions to prove ownership of the coins they come from, etc. Just demonstrate that you can decrypt a message encrypted with the key that represents that bitcoin, and that is enough.)
Now there's some creative thinking (!!)... But with BTC you are getting largely Bitcoin Monolopists. Instead, do exactly this with your choice of several Alt Coin blockchains... And also make sure that these addresses have RECENTLY MINED AN ALT COIN... That way you are bootstrapping with known, committed Alt Miners. |
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Notice the registration dates of all MCXNow supporters. All 2013.  At least do some research into the history of RS before you give him your money. You fucking trolls are useless. Why are you trying to scare people. Realsolid may be a top of the line arrogant ass but he has built a great exchange. He's not just an arrogant ass. He has a very long history of scamming people. What the fuck makes you think MCXNow will be any different? So you took Baritus' dick out of your mouth long enough to type this? You know, the anonymous Dude whose coins are down 80-90%... While the Koolaid keeps flowing hard. |
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CGB has held up very well during Alt-Armageddon...
But you gotta get listed on a proper exchange(MCX or BTC-e)...
Traders, volume, and liquidity would double-triple CGB quickly.
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I didn't know that there is so many Litecoin haters around
It has nothing to do with "hate" or emotions. The litecoin defenders are actually the ones full of emotions here. LTC just printed 0.00973 on MCX... then bounced back to 0.0110 within 5 minutes. Not a healthy looking security. |
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DGC bouncing a bit here!~ the name seems like an obvious winner!  DGC is down 80% since IPO level... And it's been straight down since early August... just wow! You read the DGC thread and it's all hardcore propaganda... No talk of price or any problems whatsoever = Heavily Moderated, baby? |
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i saw another post around this subforum (can't find it now) speculating about how the cryptsy ltc market is keep the market down. people mine crappy altcoins for ltc, then sell ltc for btc, keeping the ltc/btc rate down. might be something to it. i don't know what cryptsy volume is like on ltc markets.
Cryptsy is a tiny player now, regardless of what BJ says here. You can follow daily exchange volume here: http://www.cryptocoincharts.info/v2/markets/info |
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I wouldn't call a currency with a market cap of 40$ million dead. Bitcoin had bigger price drops before and it is still alive.
The slowly bursting (MtGox) bubble is not the death of Litecoin.
Development is still going on (0.9 branch, SPV client), there is a constant growth of sites that accept Litecoin, The Litecoin Foundation seems to get serious and Trezor Wallet will support Litecoin.
Doesn't sound like a dying project to me.
No, LTC is not "dying"... it's just feeling the competition. Sunny King's strategy for PPC has been to directly target Litecoin's Cap... And try to fragment the LTC Cap among several quality Alts including XPM. Well, since it's early July peak LTC is down by almost 70%... Since early July PPC is FLAT... and XPM is up 50% since October 1st. Sunny King has now taken $8,000,000 out of LTC's cap... And it's still 5 minutes after midnight. Sunny King June 29th: "I never said primecoin would fail in 5 years, what I mean is that it should give us a better overall grip at the market in the next 5 years. It is designed to last longer, as long as bitcoin and litecoin that is. I would not say this is sort of 'WMD' to bitcoin's dominance, that would be arrogant for me to say and I have too much respect for Satoshi and the current bitcoin development team. It's really a tool to help us position against litecoin, which now has a too strong momentum for ppcoin to challenge by itself alone in the short term. If primecoin is successful, it could demonstrate the limitation of pure proof-of-work systems and help to level the playground faster." http://www.ppcointalk.org/index.php?topic=288.25;wap2 |
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If you trade Alts all day...
And keep an eye on the Chat Box, Whales, and Pumpers...
You get the best information on what's moving coins. I hate to call you out, but the "Chat Box, Whales and Pumpers" _are_ what moves the coins on an exchange on any given day. Same as any non-news day on the stock exchange. LTC has a solid technical difference from BTC, and it has the second largest support infrastructure. What would cause that, realistically, to change? Alt-coins, with few exceptions, are clones of BTC or LTC. Most merchants accept BTC and LTC now, I can't see them wanting to accept 50 different types, even if a payment gateway automates the process. I'm not dissuaded by troll boxes because I spend my spare time watching what type of actual support is building from merchants and services. These aspects of any crypto-coin are tenfold more important than the movement of exchanges, and will ultimately reveal what coins become mainstream. So many of these coins were created to trade, or for fun or as a proof of concept. I'm all for that, but LTC has services, merchants and uses outside the exchanges--unlike almost any other coin in my portfolio. Let me put it another way... It's the MARGINAL movement of capital BETWEEN Alt Coins that affects prices... Not some perceived, imaginary real-world use or "community". These are Tiny Cap Alts, baby. (Not Bitcoin). When both XPM and WDC tripled in the last 2 weeks... The Whales you think don't matter took $1,000,000 out of LTC... And pumped the shit out of XPM and WDC... you have to watch it happen to appreciate it. You might think $1 million out of a $40 million cap is trivial... But on a MARGINAL basis in terms of exchange pricing... It's large enough to drop-kick LTC by 10-20%... and the BTC spike did the rest. Sunny King's coins are more than "proof of concept", Market Cap = $8,300,000... Alt Pumpers are VERY sophisticated... and show them a lot more respect than LTC. |
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If you trade Alts all day...
And keep an eye on the Chat Box, Whales, and Pumpers...
You get the best information on what's moving coins.
IMO, in terms of LTC:
(1) BTC up... Alts down (it's the same money flowing).
(2) Traders rarely talk of pumping LTC... just how dull it is.
(3) LTC is no longer Locked at #2...
LTC $40,000,000... rest of Alt Space $20,000,000...
Some coins will take a serious run at LTC in the next 6 months.
What was that $20 million 6 months ago? It was tiny... maybe 10% of that.
When, not if, Alt Space grows from $20 million to $100 million (maybe 6-12 months)...
You will see a lot of quality coins bunched together and jockeying for position.
(4) I doubt that Gox matters at all...
When you have BTC-e, MCX, and Cryptsy... plus new exchanges in the pipeline.
Gox is just a desperate straw LTC bag-holders are grasping.
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This entire discussion is predicated on the Bitcoin Mentality...
That every PC in the fucking world, friendly or malicious...
Is ENTITLED to a connection, ENTITLED to mine, ENTITLED to manipulate.
That will change... there should be at least 2 levels of entitlement:
(1) Using the wallet = everyone.
(2) Mining and rewards = some rules apply
There are now 100s of different security devices at trivial cost...
One can use human input + security devices anonymously to enforce #2...
This is all coming, but people have Bitcoin Blinders on.
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Oct 16th it's actually 17,500/BTC... Down about 50% since this debacle was "open sourced"... Even though OpenBong controls the key validating nodes and 98% of the XRP... Other then that... Ripple is "decentralized" and "open source". Oh wait, here come the Ripple Zombie Stooges... 3-2-1. |
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 Peercoin's price is skyrocketing, imo will replace btc within 5 years. PPC just had a correction that's why it just went down, it is still up 40%+ since last month. .This is not the endtimes for alt coins? This is just the beginning. BTC has limitations, altcoins will solve these problems in their own specific ways. Not sure if PPC or XPM... But one of them will take a run at LTC (right now the Whales love XPM). Alt Coin Market Cap (less LTC) = $20,000,000. Alt trading culture is just starting to take shape... It's absolutely fascinating compared to just scalping BTC... That $20 million will explode in the next 6-12 months. |
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Also, this was a community voted and agreed on change.
The community is a bullshit excuse to change rules and you know that. And community or not community, this is not an excuse, if you change rules in the middle of a game like this. It's cheating. I know the crypto-ecosystem is the wild west but it's not a reason to play an unfair game. A coin NEEDS to adapt... So I got no problem with a Dev leading a coin to the Promised Land. But the whole "community voting" thing is total bullshit: (1) Random people are not qualified to make complicated decisions... And a crowd of random people is even less qualified.... Everyone just wants more money yesterday. (2) The Dev will usually quit if the "vote" doesn't go his way. So let's have Wise Benign Coin Lords, but cut the crap with the fake "democracy". How about enough of making up crap you know nothing about? You're not a part of this community to judge it or know how decisions are made. You are not some wise expert either. Which makes your opinion, and that's all it is, an opinion based on ignorance. Thank you for your pointless words without any sort of knowledge though, always appreciate it. If you leave out BTC and LTC... This small player's coins have 1% of total Alt Coin Cap ($200,000 out of $20,000,000). The recent MemoryCoin had a built-in voting system: (1) Every vote was manipulated by the Dev or others. (2) The last vote was whether to give the Dev 20% of the coins... After weeks of confusion and debate... The miners voted against, the Dev quit, MEG was delisted, coin is in limbo. Everybody lost. (3) Long-term strategic decisions involving forks should be made by a trusted Dev... Corporations hire CEOs to make decisions... countries elect leaders to make decisions. Specific policy decisions made by popular vote are notoriously poor... look at bankrupt California. Do you think Bitcoin development decisions should be made by popular vote? Lol who are you, Nostradamus or something? Changes were made to react to the current crypto landscape after alot of input and discussion from the dgc community and even outside people. It was certainly not a snap decision without any thought and was done with alot of lead in time so people can update. You don't even know Baritus so who are you to pass judgement on him? Do some research instead of talking rubbish and spreading fud. There was no DGC vote... Just an informal thread "poll"... with NO RESULTS to the "poll". http://digitalcoin.co/forums/index.php/topic,170.15.htmlBaritus Oct 4th: "I've been testing different possibilities and will settle on the least disturbing solution for the next update." Baritus Oct 4th: "While the decision to take action makes sense to poll, the complexity of the different options and their implications requires much more in depth technical knowledge and testing. Polling for options would not be very useful. Rather, I will select the most effective prototype at accomplishing the goals." --------------------------------------------------------------------------- This is PRECISELY what I was pointing out (and supporting)... Devs have these mock votes where they apply intense pressure for a specific option... Then guys like Baritus make UNILATERAL decisions due to "complexity" and "implications". Then Baritus comes here... and claims his coin is some kind of democracy... And his Zombie Stooges attack me for pointing out the obvious. |
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Also, this was a community voted and agreed on change.
The community is a bullshit excuse to change rules and you know that. And community or not community, this is not an excuse, if you change rules in the middle of a game like this. It's cheating. I know the crypto-ecosystem is the wild west but it's not a reason to play an unfair game. A coin NEEDS to adapt... So I got no problem with a Dev leading a coin to the Promised Land. But the whole "community voting" thing is total bullshit: (1) Random people are not qualified to make complicated decisions... And a crowd of random people is even less qualified.... Everyone just wants more money yesterday. (2) The Dev will usually quit if the "vote" doesn't go his way. So let's have Wise Benign Coin Lords, but cut the crap with the fake "democracy". How about enough of making up crap you know nothing about? You're not a part of this community to judge it or know how decisions are made. You are not some wise expert either. Which makes your opinion, and that's all it is, an opinion based on ignorance. Thank you for your pointless words without any sort of knowledge though, always appreciate it. If you leave out BTC and LTC... This small player's coins have 1% of total Alt Coin Cap ($200,000 out of $20,000,000). The recent MemoryCoin had a built-in voting system: (1) Every vote was manipulated by the Dev or others. (2) The last vote was whether to give the Dev 20% of the coins... After weeks of confusion and debate... The miners voted against, the Dev quit, MEG was delisted, coin is in limbo. Everybody lost. (3) Long-term strategic decisions involving forks should be made by a trusted Dev... Corporations hire CEOs to make decisions... countries elect leaders to make decisions. Specific policy decisions made by popular vote are notoriously poor... look at bankrupt California. Do you think Bitcoin development decisions should be made by popular vote? |
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This seems terrible. Isn't this like Primecoin? But instead of the scientific output being mathematically interesting prime number chains, the output is millions of solved CAPTCHAs for spammers to post Viagra links on Wordpress blogs?
People don't seem to get it... That if you can make humans solve boring CAPTCHAs to mine... Well, you can replace that with ANY human computer activity... The whole idea would be to make it an interesting human activity... One chess move, one poker hand, interaction with a virtual world, etc... Why does "mining" have to be 100% auto-pilot experience best done by clusters and botnets... Because Devs are too lazy to break out of the Bitcoin Mindset. As for primes, women are hot for primes... check out Girls Gone Prime. |
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Also, this was a community voted and agreed on change.
The community is a bullshit excuse to change rules and you know that. And community or not community, this is not an excuse, if you change rules in the middle of a game like this. It's cheating. I know the crypto-ecosystem is the wild west but it's not a reason to play an unfair game. A coin NEEDS to adapt... So I got no problem with a Dev leading a coin to the Promised Land. But the whole "community voting" thing is total bullshit: (1) Random people are not qualified to make complicated decisions... And a crowd of random people is even less qualified.... Everyone just wants more money yesterday. (2) The Dev will usually quit if the "vote" doesn't go his way. So let's have Wise Benign Coin Lords, but cut the crap with the fake "democracy". |
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NMC was supposed to be listed on MCX... But RS stated in the Chat Box this morning that NMC is compromised... Anybody can take your domain... MCX will not be listing the coin. So it's a very bad situation. |
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There are going to be 20% more BTC in the next year... ALL going to rich ASIC miners. That is a 20% Security/Mining Tax that is siphoned off every year and largely hoarded... With increasing demand = definition of a deflationary currency. You cannot run an economy with a deflationary currency... Because you cannot make long-term loans, inflate with economic growth, etc... BTC will end up as "internet gold" once other crypto-currencies blow by it. Love your blog. We need a Sheriff in town. |
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