It may be a good idea but with that percentages (>5%) i`d like to invest in established coins. It may or may not come true, with 200k$ market cap it can be owned by 5 people who eagerly wait to dump, or it may not be that good for the people.

After all the people have to like it and if the demand is small and its not that likeable then people won't use it especially if there are better alternatives.

We will see as it progresses, i might put 1-2% in it.

Hahahaha that is very funny, but no, when I put that list together I thought of long term holdings, not weekly pump & dump schemes.

You also have to consider the capitalization of the fund, the more money it has the better established it is, and it also carries a risk of divesting, but an established on has smaller risk of that than a smaller one.

I havent even heard of Guldencoin, with 200k market cap and a long term downtrend it more likely looks a pump & dump scheme, but I can be wrong.
Also the name makes it more funny so its hard to take it seriously.


Like i imagine you go into the store and buy some food and the shop owner says "that will be 20 GULDENCOIN please pay", it sounds so funny that its surreal to believe this coin becomes even a local currency, hardly a global one.

Digibyte also sounds funny and i dont see innovation there, just a few small modifications.

STARTCOIN is ok.

Well there might be new bugs discovered later who knows.

But as the current situation is, you can never be safe enough, thats why diversification is the best thing you can do.

Put some LTC, NXT, Monero and other stuff too in your basket, so if BTC for some reason dies, another will quickly takes its place, and you wont lose all your money only a small % of it.

Yep the USD is definitely in a bear turn now.

Just look at EUR/USD its been collapsing for 4 years now, and it hit very low support zones, all based on the rhetoric of the FED of raising USD interest rates, which it wont.

If truth gets out EUR/USD will get pumped back, and possibly BTC/USD too as the calamities in the market will have a + favor for BTC!

Ah man this is getting very offtopic, but here we go

1) The PC first sends the transaction history to the trezor (without this you cannot sign a valid hash file), then it signs it, then it sends back the hash to the PC. If there is a firmware exploit in the hardware then it can leak the private key when the TX info is sent there with an easy and undetectable swap

2) It constantly downloads updates into the firmware of the trezor, that's what I meant, which is pretty dangerous. It's enough for the network to get hijacked once, and next TX your money leaves your wallet for good

3) Trezor works like a SDD / memorycard type USB 2.0 OR 3.0 stick which uses firmware solid writing into the data, which means that if a malware gets into the firmware it can rewrite it. It might require sophisticated hack skills, but wait until many rich people start using trezor the incentives to theft will be big so its very unsafe

4) You cannot detect passwords by EMP analysis from a PC without a trojan horse inside broadcasting the exact data requested. The static noise is too big impossible to pinpoint data packets that way.
However with trezor there is only 1 operation that is going on on that device so it can be much easier to steal data that way from it. It's not like it comes with a built in jamming device

Ok look here, these are the vulnerabilities of trezor:


-PRIVATE KEY DIRECTLY LINKED TO PC (even if programatically its not retrievable, it might leave EMP signals when it decodes it)
-THE LOGIN WEBSITE LOOKS UNSECURE
-WHEN THE TX INFO IS SENT TO THE DEVICE TO SIGN IT, IT COULD LEAK PRIVATE KEY.

Basically an air gapped PC has double gap between priv key and online pc:   Signed offline, then using QR code to scan the hash from the monitor with phone and broadcast that to online PC. So it's double gapped.

Not to mention HARDWARE can be intercepted and compromized, and since TREZOR only depends on hardware (and hardware cant be open source can't it?), it's significantly higher risk than cold storage.

It is, with a small variance of 10-15 points that is caused by the enviroment, that is a scientific fact.

It's genetically based, and only modified slightly by your childhood experiences, nutrition and social enviroment.

You cannot doubt that.

No it's the other way around, low IQ people are indebted and living on welfare

As in where I logically proved my points step by step and you can't come up with a good counterargument


If you are talking about creative jobs: artists,musicians,writers, comedians, etc.. that's only a small % of the labour force.

60% of people either work in factory or do manual jobs in the same "hand & feet" using enviroment, and not mind using.


And while the artists I think you cannot ever replace, still 60-70-80% of the jobs will definitely be replaced by AI sooner or later (even actors and static people are replaced by CGI, musicians are replaced with DJ's that mix older music with digital tech, and I think there was an AI which made music based on math patterns)


I didn't said that they are worthless, I believe in human potential, but i`m also realist, and know that it has severe limits.


I can't comment this, i have to read up what Malthusianism is

Ok but you still don't understand.

So let's summarize: IQ and Net worth (wealth) is very highly correlated, now you might win the lottery or become lucky and be wealthy with a lower IQ aswell but it's not the norm. Same as you can be high IQ and be born with 1 arm and 1 leg it's harder to break out of poverty.

However on average, IQ does determine how rich you will become.

=====================================

The problem with this fact is that , as I told you on the earlier posts, is that if IQ is necessary to become wealthy, then if robots replace manual labour, the now unemployed people can't uppgrade their skills and be left unemployed.

So if you have an IQ of 65 and you are a plummer, if you lose a job due better pipes (!) you can still become a car mechanic.
But if both jobs become replaced by robots and AI , then you can't uppgrade to a bank manager.

So what will happen is that these low IQ people will be left unemployed, so either they will starve to death, or you create a massive socialist welfare state:


And robotization is inevitable as better and better technology comes out, so what can we do about it?



But there will be no work left, no manual work because they will be done by robots, the only work left will be "mind work": managers, directors, etc.

Which obviously the low IQ people can't perform.

Sorry but there is direct, and very high! (>90%) correlation between wealth and IQ of a person, based on real 100% scientific research:

SO OPPORTUNITY , FITTNESS , AND EQUAL STARTING OPPORTUNITY DOESN'T REALLY MATTER!

BUT IT'S HARD TO FIND GOOD PAPERS ON THE INTERNET TELL YOU THAT BECAUSE SOCIALIST APOLOGETICS DON'T ALLOW SCIENTISTS TO LOOK AT UNBIASED CONCLUSIONS!

This is a bit offtopic but i`ll respond.

First of all bitaddress.org i dont know what RNG they use but i heard that it sucks. Secondly there are cryptographic pseurodrandom number generators that will generate CRNG numbers, even if the seed is generated with a compromized generator, but the individual number is not known.

So basically if I got a compromized RNG, and i generate this 2903428905890289035801902902903529038172890318341093980189201890 (secret but flawed) number, then running a CRNG algo on it, could generate a perfectly secure K variable, to send transaction from my address.

Besides if I`d have 100 BTC offline I`d use the address once, so no leak will happen there.

So it is safer than trezor!

No you misunderstand me again, I agree with you on that. I`m Austrian Economist, not Keynesian.

What I ment by that is that this is only temporary, and when the crash happens it will be reversed: stocks crash & food prices go up, so either it's postponed indefinitely (which is impossible)

Or you make a system without debt based ponzi schemes, that will achieve this, in a more sustainable and risk free way.


This is what I was telling you, that wealth is not necessarly opportunity based (we need to help the poor with welfare because they have less oportunity) but rather intelligence based.

So basically 3 futures can exist:

1) 1-2% of the population with IQ over 140, and the wealthiest, will provide the goods & services in the more and more complex economy, the manual labour will be achieved by robots, and the rest of the people 98%, will be on permanent welfare like some freeloaders, in a massive socialist economy

2) The elite will do eugenics, and will wipe out the low IQ people with war,plague or else, and reduce the world population to a very very small level, and only keep the high IQ people alive.

3) The economy will be reset, everybody loses all their money, and we start over, but soon enough the high IQ people will again emerge wealthy even with equal opportunities, and the same shit starts again.


I`d prefer 3) but i think 1) is the most likely outcome unfortunately. I also think that if 1) will become true then it's only a matter of time until the elite will become fed up with so many freeloaders so 1) will become 2) in a matter of years.

Then you misunderstood me, I know exactly what i`m talking about, and you misquoted me i think you referred to this:

Which is a danger to society, yes manual jobs need to evaporate with technology but here is the catch.

80% of the population has an IQ under 105 , how are you going to put these people in high mental capacity requiring jobs when most of them are braindead monkeys. Most people work with their hands and not with their brain , because they don't have one.



It would be the optimal society if everybody would be an office worker, or a self-employed entrepreneur, and the manual labour would be done by robots, BUT 80% of the people can't even tie their shoelaces without welfare and government oversight over their jobs, so it's highly unlikely that they fit for the entrepreneur job.



So what 1% of the people would be the employees and 99% would be welfare freeloader parasites, is that your dream economy? (because the 99% either dont have the capital or the intelligence to create jobs, even for themselves in this future of yours)

Start here for example:
https://bitcointalk.org/index.php?topic=818939.0
https://bitcointalk.org/index.php?topic=843604.0
https://bitcointalk.org/index.php?topic=847952.0

And many more negative threads, not dont get me wrong, I didn't researched it deeply, so it could be a good coin, but I just don't feel like investing in it.

I`m not sure about that, it looks very shady, and besides that, even the technicals are problematic.

I saw many posts here telling that it's not that safe and anonymous, and there are still exploits there, so i would personally not use it nor invest in it.

I start to think that Ethereum will work out, but definitely I would not invest in it just yet.

If i would have only 1 BTC to invest then I would do this:

20% NXT (Most innovative cryptocurrency so far)
15% Litecoin (It may be a clone but you cannot doubt the social media support and the active forumers)
10% Dash (not the best anonymous coin but it is easier to market and promote)
10% Monero (best anon coin but harder to market)
10% Unity (SUPERNET looks innovative, decentralized poker and all that good stuff is appealing)
5% Ethereum (after i see the full client come out and waiting until the sellof of the bears finish)
5% Banx (it is a good dividends coin)
5% Bitshares (same as Banx, but I`d not put in the BitUSD, i think USD is about to get devalued in QE4)
5% XCP (similar to NXT but better corporate support)
5% GEMZ (money making & advertising platform phone chat app is very innovative)
5% Storjcoin X (decentralized storage, innovative but it's hard to accomplish so i`d not invest alot in it)
5% HYPER (a gaming coin, gaming is 180b$ industry, so if they can get some gamers to use that and get paid in that it can grow really big)

BUT THIS IS NOT AN INVESTMENT ADVICE, ITS JUST MY OPINION!

Well its divergent, unfortunately with keynesian economics, inflation diverges.

Common people's products go down in price (deflation in the poor strata)
Rich people's products go up in price (inflation for investors & speculators)

This looks nice and shiny (except that jobs also evaporate in the process and taxes rise), but when the next collapse hits it will reverse.

There will be deflation for stock markets, and bonds, and other financial instruments, and massive inflation for food, clothes and other. Thats why you see so many central bankers crying that there is not enough inflation, because they refer to the inflation of their own instruments a.k.a stock market pumping and bond pumping

Fix the forum fast guys, i get this error constantly, every 2 minutes i get this error and its untolerable ( i could barely post this post, it errored me 5 times)

And like how do you escape a country with a bag of gold, don't you think you get robbed? Perhaps by even border guards?

There are tons of corrupt border guards that just steal your stuff on plain sight with the justification that: "you cannot bring that out of the country". I know this for a fact because I have been robbed by them pigs.

Same with cash, sure if you put it in your panties then it might be safe (although not if you are a woman, because who knows what rapist can find it there).

Bitcoin is the only choice to move money safely, although I see your point that bitcoin can't buy you food and water in a warzone, but soon it will, so time will tell

Can anybody confirm or deny this, i`m a bit (very) concerned about this flaw!


Those are the exact same thing.

(Or did you thought that cold storage meant that I keep my bitcoins in the fridge ?)

I hope so i`m still holding, waiting for good results and mass adoption