Well, never mind about three days. Well, that's the nature of the beast. It's always some sort of speculation.

Who knows though, maybe this is just an extended "hiccup." But dang, 8,000 BTC worth of volume is a heck of a lot...

I'm gonna say this traction will last for a few more days. Once it hits about .0016 then there'll probably be major market movement.

I agree, it’s much more likely for a lot of other websites to accept BTC before Amazon does. They really do have a more conservative corporate model. They wouldn't be willing to take a “risk” on something they aren't confident will give them a strong ROI.

Fair enough, it's what I figured too. It is surprising though. Even at the beginning, each share of .0185 BTC pegged to 1Gh/s was only slated to make a BTC ROI if difficulty increases hovered at 2.5%-3% for the next 12 months.

Once it hit around .021 BTC each, difficulty actually needed to start decreasing around 1% per retarget for the next 12 months in order to make ROI.

At 0.025 BTC, I have no clue what the thought process is behind buying. This is why it's very curious.

So apparently these shares are selling for over 0.0275 BTC each (nearly 50% up from what you could buy them for originally). Fortunately, I had a bunch that I had a sell order at around 0.025 (and I didn't think that they would actually sell). Anyone have any thoughts on why these contracts are being sold for so much over what they were sold for?

I don't particularly care to get the ones I sold back (I still have a few left over that I'm keeping, and with the price differential that I sold mine for, it's like I got those for free). I'm more curious than anything.

It is unfortunate because a lot of the stronger coins have greatly benefited the "first movers." But hoarding (i.e. saving) is not necessarily a bad thing, especially for a long-term "deflationary" system like Bitcoin. However, the vast disparity is another issue entirely.

I think we're going to continue to see crypto-currencies used as an investment/speculation vehicle (rather than as a currency with an in-built ledger/accounting system) because of the IRS ruling in the U.S. What needs to happen to provide stronger affect in changing that is to have an economically strong country legislate that crypto-currencies truly "currencies" rather than just vehicles. That would have a great impact in making crypto-currencies more of a "mainstream" thing.

Once that happens, there can be enough velocity of money to change to try other experiments on a more appreciable scale (such as Freicoin). But that opens a whole new can of worms (at least in terms of finance and law).

I think we're going to be kissing that "floor" for a while. Although, I wouldn't be surprised if there is another piece of news that causes the price to flash to around 300 at some point. But I think within a month we'll be steadily climbing again with a stable rising floor.

Precisely, the OP needs to clarify things in the first post and also make arrangements to fix things at agx.io. After all, VC got promotion from agx.io and also used one of the campaigns that the website was running. If this really is serious, that should be addressed.

I wouldn't be surprised if we dip once more to the ~300 range. I still don't think the ride is over in the short-term yet. Heck, I look at an exponential price chart and even 250 looks reasonable.

What is being traded on agx.io is the coin that the OP (and his related sock accounts) released last month with the same name.

I do have to agree that it wasn't the "fairest" move to allow another 10,000 shares to be sold. You gotta remember though, these shares somewhat function as a type of "Bond." The only difference is there is no guarantee of return and it is highly risky.

Once again, if these shares are pegged to 1 Gh/s for their lifetime, then it'll be hard to make ROI at the current rate that the difficulty is increasing.

That said, you never know what the long-term plans for these shares are.

Gotta remember, there has been multiple "launches" of Virtualcoin. Gonna be honest it's quite suspicious. Especially since one of the launches made it to an exchange(s).

It's an interesting approach of taking a dividend route, but just as a note, each share is kinda like getting a 1Gh/s miner. And since the network doesn't show much signs (if any) of slowing down it may be hard to make ROI on the initial investment.

That said, you never know whether these mining contract shares will be put into something else in the future.

Demurrage is actually fairly common in a different sense. One of the simplest analogies for demurrage is paying a constant fee to keep a store of precious metals safe. In this case, the cost of keeping the precious metals safe function as the demurrage. However, in this case the store of precious metals doesn't decrease, instead a different asset is used in payment.

When it comes to cryptocurrencies though, the function changes. Demurrage is instead used to promote the circulation of money. I think it is a fascinating idea, but the problem is finding enough parties that can continue to exchange on a "constant" enough basis. In my opinion, crypto-currencies still don't have enough widespread adoption to make this sort functionality work as it should. Demurrage with such a small base of disconnected people turns each unit of currency into a metaphorical hot potato. I could see things different with a larger and more connected user base, but that's not the case right now.

I think you mean 10m. Hehe.

Honestly, it's nice to have buy support for NOBLE.

Fair point. Although, I think a lot of people have gotten used to seeing the a "B" associated with bitcoins.

[That said, I don't think they were necessarily thinking "outside the box" when creating those symbols, I think they were just looking for something convenient. £ comes from the latin word "libra" (a measure of weight), and it's widely believed that the $ came from pesos a sort of mashup of P and S due to the trading with Spanish. However, we could take a similar approach and do a mash up of binary and the letter B or something.]

Precisely.

I am glad that mintpal has increased the cost of votes again (to 0.0002). But I think the timing is slightly sucks (and maybe a tad suspicious) since starting next week they will be only allowing one voting winner per week. This basically has positioned at least two coins to have bought themselves in over the upcoming weeks (and possibly more to come).

Haven't had much of a chance to post here, but from what I can gather, Rofo continuously is working hard on furthering NOBLE each day. He and his team patched the Heartbleed issue after news broke about it and he seems to have been going around various topics to both establish a more well-rounded vantage point in the scene. Plus he has even been commenting on various news stories to make connections that way.

Keep up the great job Rofo and team!

Yeah, I think it'll be worth getting. And heck, maybe if it's good enough, it can rid me of the scars of what was Shaq Fu for the Genesis...

If the campaign is successful, I wonder what route the game publishers will take regarding dealing with the transacting of QRK.

Hehe, yeah, that might be worth mentioning.