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4481  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine on: May 14, 2013, 10:40:44 AM
Are you sure they are two different blockchains? Or maybe you just haven't downloaded enough blocks..
4482  Economy / Lending / Re: CoinLenders :: Get bitcoin loans, and earn interest on your deposits! on: May 14, 2013, 10:20:36 AM
How do I access a complete list of my transactions and interest payments... as an investor not a borrower
This feature will be added soon.

sent my 3 request for loan last 2 payed early please check it out tradefortress
I will need to confirm something first.. will let you know.
4483  Economy / Lending / Re: CoinLenders :: Get bitcoin loans, and earn interest on your deposits! on: May 14, 2013, 01:17:55 AM
how many people are involved with coin lenders? I've seen several signatures advertising the site.

I believe TradeFortress has been paying people for their signature space as advertising. I believe that TF is the only one behind CoinLenders.

That's correct Smiley

How long take to get the decision about loan request?
Depends on when I have access to the admin panel (it is IP locked), I'll get to you later today.
4484  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Elacoin | Releasing In 1 Day | Fair Elastic Scrypt Mining | No Premine on: May 13, 2013, 10:07:38 PM
So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty


Well higher hashrate = higher block reward, but higher hashrate = less chance of finding a block. So I am not seeing anything special happen here? Please tell me if I am wrong...
Higher hash rate means less chances to find a block for a miner N, but overall with difficulty the rate of monetary creation will be constant.
4485  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Elacoin | Releasing In 1 Day | Fair Elastic Scrypt Mining | No Premine on: May 13, 2013, 06:25:17 AM
Thanks for the announcement. This should be interesting, I've been waiting for a coin that has a block reward based on difficulty. Hope the launch goes smoothly, it seems with the new coins, the launches are getting worse and worse, we could really use a smooth one Smiley

As I understand, the reward is proportional to the hash power? Or is it proportional to the current difficulty?
The difficulty is linearly proportional to the network hashpower, as well as luck / variance, so should be the same?
4486  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Elacoin | Releasing In 1 Day | Fair Elastic Scrypt Mining | No Premine on: May 13, 2013, 06:15:42 AM
Actually a cryptocurrency that might achieve some sort of success! Grin
4487  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Exchange Confirmed] PowerCoin PWC RELEASE IS NOW! on: May 13, 2013, 05:44:26 AM
Official PWC forum: http://www.altcoinforum.org/index.php/board,20.0.html
4488  Alternate cryptocurrencies / Altcoin Discussion / Apparent OpenCoin Employee Fails To Comprehend Basic Concepts Of Bitcoin on: May 13, 2013, 05:35:24 AM
I'm using the term apparent because despite using the terms 'we' referring to opencoin inc multiple times, I (certainly) hope he's not actually hired by opencoin inc. Such as:

Yes, Bitcoin is premined, by Satoshi, despite the genesis block including a news string that proves the coin was not premined.

MtGox premined bitcoins because of the gox hack that bought down bitcoin's price on that exchange to $0.01 (wut)

"you -have- to construct payment networks around debt" despite the fact that Bitcoin isn't based on debt.

"Bitcoin (and other altcoin clones) don't rely on debt transfers to facilitate transactions" Oh yeah, so you have to construct payment networks around debt. Sounds legit.

"if Ripple is compromised by bad UNL hygiene we can abandon the network, and the underlying currency we have will still be in our possession" Correct.

"Whereas if Bitcoin is compromised due to a 51% attack your Bitcoins are now completely worthless." You still have your bitcoins under your 51% attack, 51% attacks just makes future transactions reorderable.

I'm not even going to approve the comment because of how retarded it is.
4489  Economy / Auctions / Re: Bitcoinity hosting sponsoring on: May 12, 2013, 10:21:11 PM
The best way to accept bids via email would be to make email just a manual submission - forum timestamps and orders are the source of data. If a email was posted here X secs late, it's late. Obviously this won't inflate the price like your current setup.
4490  Economy / Auctions / Re: Bitcoinity hosting sponsoring on: May 12, 2013, 10:18:29 PM
so it's more like a 'sealed bid' auction, rather than a standard auction....

To be honest I had to google it before replying, but yes, given that I accepted offers through e-mail it seems so. I'm just a random coder and don't know much about auctions.

But I had to accept bids somehow from people that don't have a forum account (or are still in the newbies section). I'll try to improve it or at least state it more clearly if there will be an auction next month.
Next month, can I tell you I'll bid up to X BTC and you'll bid in increments for me?

I don't see then point of doing it through forums (delays when people reply , last post is the same..)  - you are honoring bids we don't even know about until some certain amount of time later.
4491  Economy / Service Discussion / Re: Why Ripple™ is against everything Bitcoin on: May 12, 2013, 10:11:27 PM
The problem is if you go through a third party, you don't know how much debt they've created.  You can set a limit on how much you trust someone but there's no way to know how big of a leveraged position they're playing in aggregate.  In other words, there's a fundamental lack of transparency.  There's no point in Ripple if this is the case as we're back to the fundamental problem with current governments that we're trying to escape.
That's a problem that has to be addressed outside of Ripple itself. One possible solution is to only extend trust to people who you know, and who you trust to provide you with accurate information about their personal balance sheet.
That is called Bitcoin. It's already trust free.
4492  Economy / Services / Re: Free bitcoins (up to 0.15BTC/mo): Advertise these links in your sig! on: May 12, 2013, 09:58:56 PM
Done, my address: 1TradeW988Rt388zG7ji8i7SZchy8Yefc

btw, what happens after 30 days? do I have to post here again?
No, I'll send you the bitcoins.
4493  Economy / Gambling / Re: Gambling + Ripple on: May 12, 2013, 12:39:34 PM
It's not SatoshiDice where each bite could be checked against the blockchain. If you have an idea how to prove the fairness of a bite, let me know.
It's possible. For your random function, just add a page where people can enter an arbitrary string, and the random number generation hashes the last arbitrary string entered plus one server secret per day.
4494  Economy / Scam Accusations / Re: Scam Accusation - AlternativeCypt on: May 12, 2013, 10:41:02 AM
There's no PROOF that I scammed ANYONE. All of my transactions have been successful. This is getting tiresome.
Yes there is, we can see transaction IDs on the blockchain, dummy.
4495  Economy / Scam Accusations / Re: Scam Accusation - AlternativeCypt on: May 12, 2013, 10:01:48 AM
He still does not have a scammer tag..
4496  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin maker on: May 12, 2013, 07:08:51 AM
Because a programmer who knows how to do this will find it simpler to just create alt coins manually. No serious programmer uses "creators".
4497  Alternate cryptocurrencies / Altcoin Discussion / Re: I hated altcoins being shoved into one board, so I started a forum for all coins on: May 12, 2013, 07:07:51 AM
http://altcoinforum.org is better.
4498  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] New Crypto Currency - GameCoin (GMC) on: May 12, 2013, 06:57:35 AM
I'm starting to get the idea that making a new coin is no longer a viable method of generating wealth.


no shit

that is good that is EXACTLY what should happen.  As long as the community realizes that it is burning resources on bad executions it will be more cautious about diverting resources away from BTC and LTC.  new coins will have to have better campaigns to be accepted.

what we need is a sub forum for new coin announcements where new posts are locked to anyone that has not submitted a formal proposal to move a coin forward.  the coin would have to be approved in this forum through a poll of existing members.  once it is in the sub forum it must be there a week before launch.  It must have all of its details reported and cannot deviate in anyway from the original specs otherwise the devs get banned.
What happened to free speech?
4499  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] New Crypto Currency - GameCoin (GMC) on: May 12, 2013, 06:48:48 AM
I'm starting to get the idea that making a new coin is no longer a viable method of generating wealth.
Making a copypasta coin is not a viable method.
4500  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] New Crypto Currency - GameCoin (GMC) on: May 12, 2013, 06:46:33 AM
premined lol
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