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Would absolutely love to see SBC support. The coin has enormous potential and it isn't being treated as a pump-and-dump scheme.
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Cryptsy has been scrod a couple times by client updates causing forks; they apparently prefer now to stop trading in a coin before a client upgrade happens, then reconnect afterward.
I lost a lot of coins to Cryptsy, hopefully I get it back.  Also, has anyone compiled the mac client for v1.5 like they did for v1.4? We also need to make sure this update is reported to all exchanges ASAP. |
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Of course I am very biased, but I am keeping my eyes on StableCoin.
It has a decentralized mixing service for anonymous transactions, which is a huge boon and is what gave BTC is original popularity.
I think anonymity is important, but also a very high quantity, for every person in the world.
Say, like 1 trillion coins, so each person can have several hundred, at least.
There are some other features which will be important as well, but we'll see as these coins develop in the time to come.
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We will soon see a major shift occur it is probably going to occur in the next month. Hedge funds are soon getting into crypto in a big way.
Bitcoin's first application is not as a currency, it is an investment vehicle. Bitcoins are a way for somebody to hide their money from governments and consequently from taxes, etc. Alt coins will be a major part of that.
What alt coins will the hedge funds buy into? Easy, those that are on multiple exchanges and have been around longest and thus have the most viable networks. There you go. All these new coins are just a distraction, avoid them until they get on an exchange.
Focus are the coins already on exchanges. Buy them and mine them now while they are cheap and have low difficulty. You will be rewarded in a big way!!
Given the price action is the last month, I'm guessing that a hedge fund has already bought into BTC, LTC, and QRK.
Yeah, I agree with this. Anything that's on multiple exchanges now is likely basically "in", at least until decentralized exchanges come into play. It's why I'm happy SBC is on 3 exchanges now  But either way, it will be important to not let all of these new cryptos delegitimize all altcoins in general. |
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That's funny, I actually thought of this idea the other day, except I was just going to call it dollarcoins, and set the limit to like 100 trillion.
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The amount of other altcoins coming out now is insane...
I suppose we're lucky StableCoin came out when it did. My guess is that only some of the alt coins that are even on coinmarketcap right now will survive, but to be on that list when all of these ridiculous clone-coins are coming out is a huge boon.
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So what altcoins are the next big thing? :|
Of course this question is going to produce nothing more than everyone shilling for their own altcoin, but I would like to mention that it seems StableCoin is extremely unrecognized as it is. Its mixed transaction service will provide great, decentralized anonymity. Zerocoin should as well, but that might not be out for months, if not a year. |
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What do you guys think would happen to altcoins in such a scenario? I'm curious, because I'm all in on StableCoin  |
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I like contrarians although on this occasion I think he is wrong
Let's hope he is anyway
I hardly believe he is contrarian. This is essentially the mainstream opinion. Look in the comments of any article about bitcoin and you will see "haha virtual money! why dont i just make some of my own!" "ponzi scheme!" "why don't i just crap in the toilet and make my own sh*tcoin! i'll be rich!" This guy is essentially those commenters with an education in markets. |
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For number 5, you should also include StableCoin, as their decentralized mixed transaction feature will allow for anonymity as well.
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I can't see any trolling, just legitimate questions that are indeed of great importance
Well his points are invalid. The price of SBC isn't down because the mixing service isn't out yet. It's down because the price of bitcoin has literally plummeted, and the possibility of all cryptocurrencies being attacked by almost every government and central bank around the world is coming to fruition. Everything is up in the air for EVERY crypto right now. When bitcoin goes down, so does every other coin, and when the reasons for the drop are due to government and bank restrictions on bitcoin, that means that there are government and bank restrictions on all coins. |
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well launch of the site is now postponed in the light of recent posts highlighting some security issues and lack of database transactions, and not using PDO. two things i have no experience with. i wanna do this right so for the time being we are putting launch on stand by while we search for a third dev with the security expertise necessary to complete our dev team. I've spoken with justin and we are willing to admit that we need someone with more experience to shephard us in completing the project.
Well I am glad that you are considering SBC, but it is great to see you make sure everything is working properly, rather than doing an incomplete launch and then just barely trekking along like Cryptsy has been doing. |
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Stablecoin may in fact find a home on the exchange, since we are having problems with Gridcoin and there are varying reports on whether the coin actually works as intended or not.
That's good. I would really like to see SBC listed on this exchange as well. It seems like it has a lot of potential (of course I'm a little biased towards it, but I picked it for a reason), and your exchange looks like it has a lot of potential as well. I'll be following on twitter for updates. |
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Yes, yes, yes!
The real question is what CAN the central banksters actually do?
Get governments to pass legislation and start overtly or covertly threatening exchanges around the world? Place the banhammer on any mention of Bitcoin in the dying/decrepit mainstream media? Buy up/corner/squeeze the market (like silver in 1980)? Pull multiple super pump-and-dumps? Divert some of the USG black budget for a Currency Collapse Prevention team made up of the best NSA hackers to look for some an attack vector/vulnerability? A 51% type of attack involving sabotage of the underseas Internet lines (recall the 2010 incidents that isolated Iran off the Internet) to split the blockchain?
Regardless of what they try, one cannot kill an idea. Cryptocurrencies are an idea whose time has come. It's Game Over for the largest criminal empire the planet has ever seen.
They can do a lot of things, and at least attempt everything you mentioned. The key here will be them attacking the psychology of people who do not yet understand the technology yet. This si your average person, the one who has either not heard of cryptocurrencies yet, or the type of person who thinks all cryptocurrencies are called "bitcoins". Bear in mind, cryptocurrencies are a technology. The number of people who understand how the technology works, and how it can be very beneficial to own, cannot decrease, unless the individuals who learn about it are individually killed. This is why its value will follow a general upward S-curve as adoption increases. So their focus will be on discouraging technology. So a main weapon at their disposal is to put discouragement at every venue, from the media to the internet. Keep in mind, many governments own bot software to automatically post opinions in their favor and to astroturf online landscapes and mentalities. I see a lot of news reports out lately pointing at bitcoin's crash, calling it a bubble, calling them tulips, etc... Older people with a lot of money and a poor understanding of technology will generally agree with such reports, because they are based off of traditional wisdom. As we all know though, traditional wisdom does not apply to cryptocurrencies. It's a technology and a currency, and these two factors combined together give it a chart that makes it look like a speculative stock investment. And that is how the media are essentially demonizing it. The more people who gain an understanding of cryptocurrency, the better. We can no longer just keep shilling our favorite coins, we need to collectively band together on the public front for more direct explanations of how cryptos can benefit the public. |
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It was only a possible threat before, now it is getting real. The rush to crypto has scared them. Expect a shit ton more of this action anytime soon. Crypto isn't ready for it , so will be interesting to see what happens. The mechanisms that crypto relies on really are very fragile. I think they would be more comfortable if it wasn't currency, more of a transferable online commodity. I think both could co-exist fine. But they don't like to share  The smart folks in crypto will find a way for crypto to survive, they are probably working on it now, but have yet to show their hand. Yes, I do agree, further advances should allow cryptos to succeed, but it seems the pace needs to be picked up now that literally the most powerful institutions on the planet are all teaming up against it. Surprisingly enough, it seems the only institution that isn't totally out to destroy it is the American Government and its Central Bank. It has been nothing but a boon that Ben Bernanke has given cryptocurrencies his quiet approval. |
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Of course, you think the banks will sit back and release any control to crypto. They will try to stamp it out asap.
Crypto needs to adapt or die.
I know they will, but they have known about cryptos for a long time. But in the past week, there has been a major shift. All of them are coming out against it. It's apparent, it is sudden, and it is strong. Clearly we've always needed to adapt, but now we have to adapt fast. We need to remember that central banks have the media and government at their disposal. For us, depending on the weather, the media may or may not shine a good light on us. We need a more direct focus on turning speculators away. I know I'm preaching to the choir here, but we actually need more institutions in place to allow for a better bartering system. We need a cryptobay, a place where people can just post any item and sell it, but only for other cryptocurrencies, and not just any specific one. This could be a good way for people to get into the crypto market by selling junk they don't want. This would essentially be a bartering system like the Greeks set up, but by God it could work well at countering all these institutions that say "It's not a currency". They only view it as a speculative investment, because it appears on the surface to be an investment, but is in fact a currency AND a technology. But again, you guys already know this. Just saying, we need to get more bartering institutions in place to counter the eventual widespread government bans on exchanges. |
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My question is, is there a coordinated effort by Central Banks to completely destroy cryptocurrencies? I see articles like this: http://dealbook.nytimes.com/2013/12/18/bitcoin-collides-with-government-concerns/?partner=yahoofinanceAnd I see all these countries Central Banks from around the world bashing Bitcoin at roughly the same time. The article mentions China, The European Banking Authority, Denmark, Norway, New Zealand, and Australia. It doesn't even mention how France's CB spoke out against it, and how there are a lot of rumors circulating that the Indian central bank plans to do the same thing, as well as possibly induce regulations. This is all in the past few days. Bitcoins and other cryptocurrencies are turning out to not be tulips, which lost value as people realized their real worth. They are something else, because governments and banks all around the world are collectively working to stamp these things out. It's time for a real revolution in cryptocurrency. It's time for the ultimate test of cryptos. We need to abandon its fiat value all together. We need to come to a point where the value of cryptos can only be measured in other cryptos. And we need decentralized exchanges to come into order to make this a reality. The tables have turned, and if we want these things to succeed, we need to adjust to the clearly mounting conditions against us. These very recent developments from banks and governments are NO coincidence. There is now a concentrated effort to destroy the currencies, and this is only possible if we play by their rules. So it is time to abandon their rules altogether. Admittedly, I am a holder of StableCoin. All of my money is in it, and I don't own one bit of Bitcoin. But I can see the clear threat here, and if we don't increase the value of all cryptos relative to each other, and don't make it easier for merchants to accept one type of coin for another, rather than accepting coin to simply convert to cash, we will always be at odds, and always be on the terms of the very people who want these currencies destroyed. That's my rant. Something needs to be done, and very soon. That is all. Thank you for listening. |
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This is excellent news. Can't wait to see what happens in the new year. As for StablePal, people are telling me they are hesitant to spend their StableCoins when their value is currently so low. The future will hopefully show some better prospects Also, artos, have you been looking into the future of decentralized exchanges? I've read that multi-signature transactions need to be supported in a blockchain in order for the coin to work with it. http://www.rugatu.com/questions/16410/will-you-build-an-open-source-decentralized-cryptocurrency-exchangeThe recent (seemingly coordinated) disapproval of Bitcoin from so many Central Banks and governments in the past week may drive a need for a decentralized exchange in the very near future, and it would be best to make sure that StableCoin is prepared for it. |
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