Unfortunately this process will not fair well for bitcoin, if transaction times become longer it will begin to deter new users from keeping the coin after adopting it.
In theory this is not accurate. If miners pull out the difficulty will re-target. One of the brilliant things about bitcoin is the variable difficulty. The more miners the higher the difficulty goes. If the number of miners (combined hashrate) is reduced then difficulty will go down. The end result being, on average, the same block times no matter how many miners there are. If a large percentage of miners dropped out at once that would be different, but that is very very unlikely to happen. |
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This sounds so much better. I hope bits have as much value as cents in the future.
Not quite. The idea is that when we use bits for prices the prices will have this familiar format: 1,234.56 bitsThe partial part of the bits (the 0.56 part) is in satoshis so in the future bits will be analogous to the "dollars" part and the fractional part, the satoshis, will have the value of "cents". People would eventually say something like "That will be one thousand two hundred thirty-four bits and fifty-six satoshis." This is a great idea I think. Using the traditional two places behind the decimal place as satoshis. So it would break down to traditional units as: 1 cent = 1 satoshi 1 dollar = 1 bit ... 1 bar of gold = 1 bitcoin |
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HYIP, or in other words SCAM
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I am pleased to announce our first crowd funding platform just went live! Please check out the link http://igg.me/at/carboncoincanada If you are having trouble convincing friends to buy into Carboncoin this is your chance. They will be able to obtain Carboncoin by donating to the cause as well as have a tree planted. Check it out! That looks great! How did you make the 35 second video? Actually the 35 second video was organised by AxisMundi..  |
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The only issue I have is how the list of coins are selected.
To make this truly all encompassing wouldn't you need to add quite a large percentage, if not all, of the 1000+ coins already in existence?
Can anyone suggest coins they would like to add?
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I don't know if this has been said or not. Tired, long day and don't want to read every sentence. 1) Snapshot is taken. 2) Move your coins to another wallet. 3) Use private keys from original wallet that had your coins during the snapshot. Problem solved. Yeah I already figured out that this was a decent solution however I am unclear whether or not every address is being implemented from all included coins because having to do something like that poses its own problems not to mention the inconvience of having to move coins that would otherwise receive PoS and now resetting your coin age You wouldn't be moving coins by inputing your private key into his wallet. You'd be showing him that you own the coins and you'd also be exposing those coins to security risks. You could move your coins to a new wallet after the snapshot, yes. But when the snapshot is taken would be decided by barwizi or his people while they potentially control your keys thru their software. This leaves enough time for your keys to be exposed and your coins to be stolen. If the pillage process is automated then it only takes a few seconds. Problem NOT solved. Problem is solved. 1. Snapshot is taken of your BTC address XYZ with 100BTC balance 2. Move your BTC to new address ABC from XYZ -> essentially moving any coins from your original private key to new private key. 3. Input your private key from bitcoin wallet for XYZ (which now has 0 balance) into project X wallet. That way even if the project x wallet has bad intentions (which I don't believe it would) by the time you input your original XYZ private key there would be no balance to steal anyway. Totally fail safe. Just quite a hassle to move all your coins from all the various wallets to new private keys after the snapshot.... |
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Syscoin has now been added the CoinWallet.co online wallet service. https://www.coinwallet.coRunning since Nov 2013. As always use online wallets with caution and store the majority of your coins in cold storage or a secure / encrypted wallet on your computer. Coinwallet.co serves as an easy to use and accessible wallet that you can access with just an internet connection. Handy to aggregate your mining income or have a small amount of coins accessible when you don't have access to your main wallet. Free deposits. 0.5% fee on withdrawals. 2 Factor email authentication option on withdrawals. Google Authenticator option on login. |
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Great to see Bitmark doing so well.  Just wanted to let you all know that Bitmark has been added the CoinWallet.co online wallet service. https://www.coinwallet.coRunning since Nov 2013. As always use online wallets with caution and store the majority of your coins in cold storage or a secure / encrypted wallet on your computer. Coinwallet.co serves as an easy to use and accessible wallet that you can access with just an internet connection. Handy to aggregate your mining income or have a small amount of coins accessible when you don't have access to your main wallet. Free deposits. 0.5% fee on withdrawals. 2 Factor email authentication option on withdrawals. Google Authenticator option on login. |
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The grand total of all pledges for all projects on bitcoinstarter.com was less than 0.04 BTC.
hmmm...
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Anybody care to elaborate why?
Possibly a large sell off? I can see no direct reason other than possibly there is someone or some group cashing out today. |
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I still think DGC has one of the best names for a crypto currency out there.
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Interesting concept.
I would be willing to invest but the crowdsale does seem overpriced to me.
1,000,000 @ 20BTC
with a total of 1,000,000,000
That values the coin at 20,000 BTC = approx US$9,460,000
It is just to help fund us for the new website that we wish to implement. We are hiring the developer of LTB website to do our website overhaul (for 6BTC) that will have off-chain transactions and user logins so we can implement FLDC for team members outside of our FAH team. Also it is to help fund the distribution of the coins themselves. Since FLDC rides on BTC it costs about 0.000006 BTC per FLDC transaction. That is not much, but we distribute to about 40 people a day right now, and 126 members overall, so that will get expensive especially if we start distributing for 1,000 people a day. So 4 BTC should cover that for sometime. The remaining 10 will be used for advertising and further development. Instead of asking people to donate, we are simply selling off some of our earned coins at a premium. Fair enough. But usually to raise funds I would think it would be better to offer a good priced deal rather than a premium priced deal. Like I said I am interested in this coin but not really interested in spending BTC at a pretty hefty premium. |
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Interesting concept.
I would be willing to invest but the crowdsale does seem overpriced to me.
1,000,000 @ 20BTC
with a total of 1,000,000,000
That values the coin at 20,000 BTC = approx US$9,460,000
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same game other place www.turingstations.comi´m 100% sure they are scam , but side and everything looks really good  Hmm, interesting similarities in page source between the two website front pages. For example both have: <!-- This site is optimized with the Yoast WordPress SEO plugin v1.5.2 - http://yoast.com/wordpress/seo/ --> And various other coincidences.  |
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Turns out BCX was probably right with his allegation. Baritus quit the DGC project, closes Cave within one week and "offers" shareholders to panic sell their shares for a fraction of its original price. Well done. Rip DGC.
Interesting. Is someone / community taking over development of DGC? |
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according to the last news they should ship batch 1 week 35/36 Week 35 August 25, 2014 August 31, 2014
Week 36 September 1, 2014 September 7, 2014 We are now at the end of week 36, anyone received anything yet? |
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Moolah should give some kind of statement in regards of this. They looked awesome with handling the situation on the launch, but now something is fishy...
Moolah should give the money to the devs or return it to the investors. AT NO TIME DID THE INVESTORS AGREE TO ALLOW MOOLAH TO HOLD THE FUNDS FOR THEMSELVES INDEFINITELY. Agreed. Is there an official statement on why Moolah is not releasing the first 250 BTC? Not particularly impressed with Moolah at this stage and would be very wary of investing through them again unless they rectify the situation quick smart! |
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Still having the same problem with the wallet not showing on load. Version: SysCoin v0.1.3 It worked a few times on reload when I first installed the new version but not anymore..  yeah Mac or Win pls? If Mac we are on this right now. qt on Ubuntu, built from source from Github. Built from latest source, seems to be all good now. |
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