Latest posts of: ButtCrack

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421

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Qora | Released 16 May | 100% POS | New Source

on: August 06, 2014, 11:17:54 PM

Quote from: wizzardTim on August 06, 2014, 06:35:55 PM Qora is a huge project with great potential. Give it time, though I think its clear that it will be successful. That might be true, but competition is working hard. So don't be surprised some projects pops up and is more promising then Qora and Qora could be finished just like that. Meanwhile in the last couple of weeks volume and price has dropped, position at Marketcap has dropped accordingly. These are usually not good signs...

422

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Qora | Released 16 May | 100% POS | New Source

on: August 06, 2014, 11:05:17 PM

Quote from: rabbiter on August 06, 2014, 10:08:08 AM Quote from: ButtCrack on August 06, 2014, 02:32:30 AM Would it be possible to release the code but with copyright restriction ? So free to read, but NOT free to use or modify. interesting idea. But the fact remains cryptocurrency has a culture of open source so going against that is not going to be popular. Clones do not hurt a coin. What could happen if you don't play the game however is people dismiss Qora and move onto another coin. It's not like anyone has to use Qora. Try to understand all this from the culture of cryptocurrency this is not windows office. I understand that this is culture in the crypto world, but I wonder if investors care that much and common users. The ppl who complain about that are very likely the ones that are looking for a free ride, copy code and make a quick buck. (I hate windows office, and MS policy in general...)

423

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [RIPO] RipoffCoin: The most honest scam you have ever seen

on: August 06, 2014, 02:49:58 AM

Whats wrong with the wallet ? Just won't start on my Windooooows

424

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Qora | Released 16 May | 100% POS | New Source

on: August 06, 2014, 02:43:04 AM

Quote from: Viper1 on August 06, 2014, 12:02:28 AM Quote from: kipschas on August 05, 2014, 09:52:23 PM hi someone explained to me why in my wallet balance is lower than the confirmed balance? thanks I was having that problem for awhile as well and redownloading the block chain would fix it.. also, I upgraded to the latest and greatest Java and I don't think I've had that problem since then. But I haven't left my wallet open for long periods of time (which would cause the issue in the past) for awhile now so not sure if it still crops up or not. Also having the same problem, will try again with latest Java. Java sucks ! Also I have seen than many small transactions never showed up in my tx list They show up in the block explorer but not im my wallet tx list but oddly the balance seems ok. Anyone else noticed this ? Downloading fresh chain and recover from seed did not solve that problem.

425

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Qora | Released 16 May | 100% POS | New Source

on: August 06, 2014, 02:32:30 AM

Would it be possible to release the code but with copyright restriction ? So free to read, but NOT free to use or modify.

426

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] RootCoin [ROOT] - ANON-tx using BitKey™- PoW/PoS + Proof of Investment

on: August 06, 2014, 02:24:35 AM

I guess try to grab your coins when some will dump theirs.

427

Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★ [ANN][LNG] Longcoin | X11 CPU/GPU | Launched! Diff still low, VERY RARE

on: August 06, 2014, 02:14:07 AM

What has this coin to offer compared to all these others to make me buy it ? There is not much on the OP...

428

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CRYSTAL] CrystalCoin - X15 - Escrowed IPO - Mining Game! [ONE DAY!!]

on: August 06, 2014, 02:07:01 AM

I don't mind playing a game to "mine" coins. Will surely give it a try once wallet is released.

429

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SC2] just another Proof-of-Storage coin

on: August 06, 2014, 01:48:29 AM

Great idea !

430

Bitcoin / Bitcoin Discussion / Re: Real honest Money

on: July 07, 2014, 03:05:25 PM

Quote from: franky1 on July 07, 2014, 01:45:17 PM Quote from: ButtCrack on July 07, 2014, 01:32:01 PM Quote from: devphp on July 07, 2014, 01:07:09 PM Feeling scared PoS can dethrone PoW? Be very scared As far as I am concerned they have already reached that point, quite a while ago... Investing huge amounts of cash and wasting precious power, with small profit margins can not last very long against POS. research POS imagine a coindev premines. on launch he owns 1mill coins.. the first block mined at launch gives out 1000 coins.. guess who gets the majority stake of that post launch block...... the coin dev. now fast forward a bit. the coins are on exchanges. the exchange is hoarding 5mill coins out of 6mill circulation, because everyone deposited them into exchanges.. guess who holds the stake and is getting most of the rewards... the exchanges.. so lets pretend bitcoin was POS. right now satoshi meant to have 1mill coins, karpeles has 600k hidden, winklevoss have 200k, the gox trustee has 200k, coinbase and bitstamp estimated 600k each (2.6mill) so these guys are taking a nice 20% cut out of every block reward just by hoarding coins.. not to mention the other large investors not listed.. meaning that true miners are getting less.. POS is the invention of coindevs and exchanges to get more coin without doing any work.. its like employment. minimum wage employees do the hard work so their manager can sit on his fat ass getting paid a 6 figure salary.. by the time normal average joe have adequate supply of POS coin, by buying them on exchanges.. the coin devs ar happy, they have just grabbed valuable bitcoins from you. and left you holding a bag of rotton apples that are now worthless (price dump time)... ... how do you like them apples!! ... Hasn't this been the case with almost any alt coins, regardless of POS or POW ? Seems to me that indeed as you also said the devs and some "lucky" early adopters are the real winners. Thats why I treat alt coins as pyramid games or scams if you like. The great plus for POS is that you don't have to invest or do much work like POW to make a nice profit. Effectivly because of this an even better profit margin ! Average Joe as such, will get stuck with some rotten apples indeed, POS or POW. Bottom line how to create an fair and even distribution ? So even average Joe who has no clue about POW or POS doesn't get screwed with these apples. Anyway I think most ppl who visits BTT already got the idea... Pyramid game, pump and dump, get in fast and get out even faster before it collapses. Average Joe in the meantime better stick to BTC, that is if they already heard about it.

431

Bitcoin / Bitcoin Discussion / Re: Real honest Money

on: July 07, 2014, 01:32:01 PM

Quote from: devphp on July 07, 2014, 01:07:09 PM Feeling scared PoS can dethrone PoW? Be very scared As far as I am concerned they have already reached that point, quite a while ago... Investing huge amounts of cash and wasting precious power, with small profit margins can not last very long against POS.

432

Bitcoin / Bitcoin Discussion / Re: Real honest Money

on: July 07, 2014, 12:38:52 PM

I don't think that traders care at all how a coin gets created, POS or POW, the value of any commodity/product is simply determined by supply and demand. When NXT (or any other alt coin...) manage to escape from the exchanges and start to have a life outside in the real word, you will surely see prices and volumes going up. I guess we can call that a no brainer.

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