Oh capitalising the letters in the name that make the symbol is just osmething I do to try to keep people aware of what the symbol is. Most folk only capitalise the initial letter, so it'd be Sqrtcoin when they write it.

-MarkM-

A whole weekend? Really?

What does it take to do the centralised node checkpoints part?

-MarkM-

Well either way, bitcoins are being shaken out of "weak hands" and hopefully, maybe even presumably, picked up by "strong hands" so all is good, yes?

-MarkM-

Everyone BFL delivers to already paid long long LONG L O N G ago, they don't need to dump coin at firesale prices to pay for their rigs.

Maybe they feel they have to to pre-order more rigs though?

-MarkM-

Its the part about dumping a windfall 4500 BTC on Gox while Gox rate is less than $266 that seems crazy.

If you have bills/rigs to pay that need that 500 to be dumped, then fine, after using it to pick up 4500 free you go ahead and dump the 500 as originally planned/required.

But throwing away your free extra 4500 at firesale prices? What are you, some kind of nutbar?

-MarkM-

SQRcash.com

SQRbucks.com

Etc. ?

-MarkM-

SQrtCoin (SQC) ?

(Remember, currency symbols are three characters not two.

Unless you're aiming at XSC ? (The X means worldwide, pretty much.)

-MarkM-

Ah well I guess the time between births of suckers keeps decreasing as the world's hashing power increases!

-MarkM-

Hmm, I wonder if it is worth a Martian BotCoin per bar yet...

-MarkM-

No no, first list oodles of them so tons of domains get bought, THEN come up with one based on availability of appropriate domains.

A Better Coin (ABC)

A Better Design (ABD)

Energy Transforming Coin (ETC) ...

-MarkM-

Maybe SquaReCoin (SRC) ?

Or RooTCoin (RTC)?

Or SQuareRootcoin (SQR) ?

-MarkM-

s/account/mattress/

I rest my case.

-MarkM-

Ha ha good luck with that, I fell for that quite some time ago but nowadays the going rate is 10,000 BBQcoin per BiTCoin.

-MarkM-

You buy a bitcoin (I am guessing you implied "with fiat") and use it to buy my altcoin?

Ahhh, there is your problem!

Try you sell your altcoin for bitcoins, and use those bitcoins either to buy more of your altcoin cheaper or to buy some of my altcoin, which you then sell for more than you bought it for, and so on.

Gosh no wonder you have a dim view of the markets!

-MarkM-

It is not a competition, it is a co-operative effort to try to make and deploy sufficient soupbowls to actually catch all the soup that is currently raining down upon us!

Wouldn't want good soup to go to waste! So get out there with your bowl and catch some!

-MarkM-

Where are you getting this "changing the decimal point" stuff?

I thought the argument had been that coins people hide in their mattresses do not count regardless of whether they ever dig them back out of their mattress thus also regardless of whether they even still have the ability to dig them out.

-MarkM-

Wait, you're saying they dump their (free, extra) bitcoins for fiat?

That doesn't make much sense does it?

The whole thing about the minor altcoins is you don't have any significant electricity or capital expenditure (rigs) to pay for, they are pretty much free, so they are a free way to get lots of extra bitcoins.

You already get plenty of bitcoins to pay all your bills anyway, so any bitcoins you are going to dump are separate from all these frivolous newcoins you can pick up thousands of with just one old 5870 diverted from mining all the merge-able SHA256 coins.

So all you're doing with these newcoins is hoarding more bitcoins than you would be able to if you only got bitcoins directly without mucking around with newcoins.

Why the heck would anyone dump bitcoins for fiat when they don't  have to?

What you're dumping you would anyway have dumped even if you had not gotten some free extra coins by playing the newcoins.

-MarkM-

I didn't post it before as litecoin was not running, I removed the -rescan from startup script to help it start fast so here is my just-gotten new address: Lbi8tcPFh8LCvjR5jBkEoLe3eH2vHZE7YG

Thanks!

-MarkM-

Could be, yes. That is why I was indicating the long lived ones from way back when, especially those that have been merged mined alongside bitcoin all along.

Those are the small denominations, and in the case of namecoin the actual ability to nominate as in name, of the mainline aka SHA256 style blockchain family that can and presumably eventually will be secured by all those same ASICs that so far seem mostly to have been wastefully failing to make maximum use of their hashing power by merged mining all the chains that can be merged mined (or, if some do impact the merge enough to make a real dent in income, at least all those can reasonably be merged mined).

Those are the gold leaf lettering (namecoin), the gold rings, gold ear-rings, gold gosh knows what else (gold desk-ornaments? Have you seen the Journal of Irreproducicle Results' stuff on how number of desk ornaments relates to position in heirarchy?) of the "golden" SHA256 blockchain technology.

-MarkM-

The problem is that Litecoin is not really the silver to bitcoin's gold, or, if it is, then really scrypt coins are silver to SHA256 coins' gold.

So it is SHA256 based coins in general, or scrypt coins in general, that would need to be constrained to the 2%, not any one "specie" or "species" of such coins.

To merely plonk that arbitrary number onto just one brand / imprint / blockchain of such coins is more akin to one specific form of gold having been stable in price at 2% inflation of that specfic brand or form.

Have gold ear-rings been inflating 2% per year all that time?

have Canadian Maple Leafs?

How about Golden Guineas?

Etc.

One individual blockchain is more akin to one of those than to a raw material such as gold, cryptography, or even blockchains in general.

You are confusing the raw material - cryptocoins, or blackchain-based cryptocoins, maybe, more likely than which hash type of cryptocoins - with one particular imprint / brand / blockchain built out of such raw material.

-MarkM-