I thought the making a profit by deliberate crashes myth was a myth?

Wasn't it argued that they would actually lose by attempting that since all they really do is give away their coins cheap?

On the other hand I have wondered since the $32 days of 2011 how the heck the price was being kept so low so long.

-MarkM-

Central servers for wallets are big targets for KYC and AML and so on surely?

Could they even afford to allow Tor users, wouldn't allowing them be regarded as violation of KYC / AML stuff?

Or they could just confiscate Tor users money. How can anyone sue them about it anonymously?

-MarkM-

Once a coin has an exchange it becomes too late for small miners to mine it effectively.

So for small miners its best to stick to these easy coins and hope no exchanges do open for them for some time as once exchanges open larger miners tend to jump on them drive the difficulty up and dump the coins, making them not even worth much due to all the dumping.

Its a long term strategy, mine the easy coins early, expect them to be low value once exchange opens, for maybe couple of years or maybe even until they start lowering their block reward...

-MarkM-

proofofstake.com is just a blank page for me using FIrefox on Fedora Linux.

-MarkM-

That might be necessary in order to tell each buyer a different stolen paypal account to send funds to.

-MarkM-

I have some price lists and accompanying plots at http://galaxies.mygamesonline.org/digitalisassets.html

But no direct volume or trading data.

-MarkM-

DeVCoin and GRouPcoin both us exact same addresses as BiTCoin so you can use the same paper wallet creation tools as you use for BiTCoin.

-MarkM--

The burden of proof is on you, surely?

-MarkM-

At least two chains already made a compromise, they put out the same number of coins per block forever.

That is a step in the direction the OP wants, yet it does not seem to have caused those chains to be widely adopted instead of the "flawed" chains that produce less coins over time.

-MarkM-

For small miners the coins that bigger miners imagine to be dead are the best ones to mine, the only ones they can actually really get some of, getting them before "everyone" realises they are valuable is about the only way to actually get some.

Actually even ppcoin is somewhat difficult/expensive to mine due to its not being merged mine able; best for small miners lately are GRouPcoin and I0coin, as not only are they relatively low difficulty they can also be mined right alongside bitcoins namecoins devcoins ixcoins and coiledcoins.

-MarkM-

Vircurex seems to have turned into a place to pick up devcoins dirt cheap, maybe from people whose pool merges them but who do not have any other idea of what do do with them so just dump them dirt cheap.

-MarkM-

Starting with account and trust-line reserves that are relatively high compared to the cost of a transaction could help people to retain a bunch of XRP even in the face of offers to buy them from them with bitcoins.

The lower these reserves the more of their free XRP people would be likely to sell. As it is now even if they only set up one account trusting only one gateway for one currency type, they nonetheless will have quite a lot of XRP left so at some point when reserves get lower - which they will have to do if RIpple succeeds - they will again have enough XRP to do lots of transactions.

Starting with lower reserves would likely have just caused people to part with more of their initial free allocation of XRP.

-MarkM-

The CPU-mining built into the client is not as efficient as dedicated CPU-mining programs.

-MarkM-

Yes but they turn up their nose at more than half of the extant coin types, even those that can be merged-mined.

So for each new altcoin, the small fry have lots of time to get themselves some long before the big guys jump on and claim all the rest, at which point the small folk can simply move on to yet another that is "so small as to be beneath notice, no one takes it seriously" and so on.

-MarkM-

You're right, it is totalitarian not to want people to throw themselves upon the mercy of oppressive regimes.

Seems like what the lemmings always do so might as well sit back and let them.

Luckily there are plenty of altcoins, maybe not all of them will be descended upon by swarms of locusts determined to bring them to Big Brother's attention. Or maybe we should plan on each one in turn following the same route, so those who want to stay hard to stamp out must constantly move to new small grass-roots systems. Each new system can maybe even finance itself by selling-out the previous one.

-MarkM-

The lack of source code is also preventing "post offices" from springing up everywhere.

If I'd been able to download the source I would probably have had gateways running by now for at least a few different altcoins. As it is maybe by the time the source does come out there won't be much point worrying about gateways until first a new network with some distribution that isn't so controversial is set up.

-MarkM-

But that is why we don't want to scale it up to the napsters and megauploads scale, we want to keep it lean and mean so millions of pople all over the world can run full nodes at home.

-MarkM-

How many XRP is $10,000 worth today? About fifty billion?

-MarkM-

The exchange rate is probably one of the most influential variables.

I expect that if bitcoins go up to $125 per coin over the next few months only very late comers to the mining game would not be eager to upgrade their homes to the best home bandwidth they can get.

Right now is a bad time to talk about increasing expenses because everyone is still waiting since last year for the supposedly any moment now advent of ASICs. The huge delay in getting ASICs along with the constant claims they would be arriving at any moment already screwed up GPU system upgrades and new investment in GPU rigs, now there is talk of making everyone devote twice as much (or more) bandwidth yet here we still sit waiting to buy ASICs or even to just find out whether there are really going to even be any ASICs.

Once we can order an ASIC that will be shipped immediately, and, as looks likely, bitcoin exchange rates are up farther too, talk of upgrading our bandwidth will maybe be better received.

Currently we don't even know if we will even be able to have ASICs, or those will always be order a year in advance items or even no longer sold to end users at all, instead all being destined for a few huge hashing centres in Iceland and suchlike places, with only a few of the initial prototype batches ever getting into independent hands at all.

-MarkM-

Once the Ripple source code is released there should be no need of only accepting one or a few types/flavours of currency, any currency a customer wants to use will be useable as long as there is a pathway for their payment to Ripple though from the customer, in the customer's currency, to the merchant, in the merchant's currency.

So no worry about we accept bitcoin or we accept litecoin or we accept lire or we accept florins, just Ripple us a payment in anything that is convenient to you.

If the Ripple source code was available there would already be gateways for most altcoins.

-MarkM-