I blame the bubbles. What would have worked well is for Bitcoin to have gradually gained interest and mainstream adoption. Then the price would reflect this growing demand and the market cap would increase at a steadily rate that would have made the inflation irrelevant. Look at what happened in 2012 as an example. Bitcoin slowly appreciated in price in a sensible manner. Instead what we got were a series of bubbles, bear markets, and butthurt "investors". Bitcoin isn't the problem. We are.

It should be interesting to see if this is the lowest the BTC price will go. After the April 2013 peak, prices never dipped to the previous ATH ($33). The lowest it went was about $70. This time it seems to be different. We've already pretty much reached the ATH of April 2013. I wonder what this means for Bitcoin. Could this be a bad sign?

It's interesting to see at what points in history did the cryptosphere (hey, did I make up a new word?) look almost exactly like today.

Looking at CMC, the price of Bitcoin is $268, Litecoin is $1.72, Namecoin is $0.52, and Peercoin is $0.40.

Looking at historical price charts, the price of Bitcoin on the 6th of November 2013 was $260, Litecoin was $3, Namecoin was $0.55, and Peercoin was just under $0.50.

Comparing today's prices with 6 November 2013, both Bitcoin and Namecoin are pretty much spot-on. Peercoin is very close. Litecoin is somewhat close although it's a bit lower than what you'd expect since LTC prices fell very sharply recently.

Links for BTC, LTC, NMC, and PPC, respectively:

http://bitcoincharts.com/charts/bitstampUSD
http://www.cryptocoincharts.info/pair/ltc/usd/btc-e/alltime
http://www.cryptocoincharts.info/pair/nmc/btc/btc-e/alltime (0.00225 BTC then vs. 0.001975 BTC today)
http://bitcointalk.org/index.php?topic=328639

Same thing also with the 10th of April 2013. That's when Bitcoin spiked to $266. When this happened, the price of Litecoin spiked from a low of $2.25 to $5 in a single day, before dropping down to $3.20 at the end of the day. However, the price of Namecoin was about double that of today and Peercoin was trading at roughly the same price as today (but highly volatile against the BTC).

To some, this might suggest that Litecoin is currently very undervalued. Namecoin and Peercoin might be slightly undervalued too as they seem to have dropped in value in proportion to that of BTC. On the other hand, perhaps this might be explained by the migration of BTC towards newer cryptos such as Dogecoin, in which case they would not be undervalued and are simply losing market share.

A couple of days ago, I went on CMC and saw that the value of CoinoUSD was very low. It was hovering at around $0.84 when it should be worth $1. Back then, I thought it was due to the low volume.

Well today it's even lower. Even with $2,000 worth of volume, the price of CoinoUSD is $0.78:

http://coinmarketcap.com/assets/coinousd/

In case you don't know, CoinoUSD is a token on the NXT asset exchange for 1 USD that can be exchanged for real USD at Coinomat. It's similar to BitUSD and NuBits in that all three are pegged to the value of the US dollar albeit in the case of CoinoUSD, the pegging mechanism is much more centralized.

Does anyone know why it is so cheap? Was there a large sell order that crashed the price or something? But I don't think that would explain why it's still cheap today...

Screenshot from a couple of days ago:



Screenshot from today:

This is a good example of how Martingale can fail spectacularly. Originally, he only bet 5 satoshis - an insignificant sum. He risked 40,000 satoshis to make just 5 satoshis. Doing it once or twice is relatively risk-free. But you can't become rich by making 5 or 10 satoshis. Or even 50 satoshis for that matter. In order to make a good sum of money, you need to do this hundreds, perhaps even thousands of times.

As you make bet after bet after bet, you start to see the chains emerge. Slowly at first. Perhaps a string of three or four bad rolls. Then five... Then six... The panic escalates, until the green digits that you've been waiting for reemerge. Then it subsides. You recuperate, and start betting again.

But eventually it happens. It always happens. Yet another string of bad rolls, not too different from the last few. Six... Seven... Oh no. Perhaps this is the big one? Eight... Argh! Nine... You're down to your last roll. One last shot. Will it be green? Yes? Yes? ...No. It's red. And your whole balance is wiped away.

Yeah, on second thought, it doesn't seem like that big an issue. I agree the downsides of being caught trying to scam Stunna and getting negative trust wouldn't be worth the tiny increase in BTC. And if it happens so often that it isn't tiny anymore, then it would definitely be noticeable.

I do think there are certain situations where someone might legitimately delete 10 or even 20 posts within a month though. Bumps in the marketplace section are restricted to once per 24 hours and it is encouraged to delete your posts to avoid cluttering up the thread. Someone who makes five listings in a month and bumps/updates each listing three times would already reach very close to this limit.


Not a bad idea. I've made threads that got up to 3,000+ views. I doubt any of my replies got anywhere near this many views. Although there would be the risk of people posting spammy threads and cluttering up the boards but I guess that's a possibility even today.


Ah... I was under the impression that this happened in particular boards or something (or in some other predictable manner). Well if that's not the case then it doesn't seem like a very major concern.

Wouldn't there be a big margin of error if you used pages to check for deleted posts though? That system might work for many deleted posts, but one, two, or even ten deleted posts might not show up if you checked the number of pages.

For example, if their post count went up by 115, you would expect to see 6 more pages. But if they had deleted 10 posts, it would still be 6 more pages. It's only once they delete 15 or more posts that the number of pages changes (to 5).

Oops. Didn't realize that was the case. So I guess this exploit will be more difficult to patch than I first thought. Poor Stunna.

EDIT: Then again, with a budget of 50 BTC per month, I guess Stunna could easily hire someone to double check the post counts if it's not possible for it to be fully automated.

As doggieTattoo already mentioned, it should be fairly simple to patch this "exploit" by simply counting the posts at the end of the sig period. Deleted posts don't add to the post count, so they wouldn't be counted. It wouldn't have to be manual either. Something like this could easily be done via a script. Heck, I could probably write it myself in a single day.

Basically what it says on the title. Price is negotiable.

I know it's a dead coin but I think it would be nice to own a little piece of crypto history. I was pretty surprised when I found out I was able to connect to the network and sync my wallet the other day. Someone out there is still mining this coin, but why?

Wasn't the launch of PD3 delayed for months? Although the delay was probably justified since it would have been a huge disaster if Stunna launched the new site without fully checking that the whole thing worked properly with no serious bugs, possible exploits, etc. And even then, it wasn't exactly a problem-free launch either. I remember the site went down a few times, was sluggish, etc. in the immediate days after the big launch. Then after a while, Stunna had to reduce the faucet payouts and adjust the amount of points that you can get from the chat since too many people were abusing/spamming it.

They're not liars though, of course, but I think we all already know that.

I posted a thread about this a while ago but didn't get any replies so I'll ask here.

Does anyone know of any good assets on the asset exchange? I don't want to sound too negative or anything but the current asset exchange is a bit, well... lacking in quality. Compare this with NXT's asset exchange which has lots of high-quality assets. NXT probably wouldn't be where it is today without people like jl777. Perhaps Qora needs someone similar who can spark new development and help further the coin beyond the core protocol.


I'm not sure but according to the thread (link), it might not be running anymore. I think the last payments went out on the 14th of December.

Payment has been received. Thanks redsn0w!

Also, any update on whether ActionCrypto has sent funds yet? I understand that we have enough funds for one more week. Does anyone know what will happen after that? Will this week be the last one?

Apologies for the newbie-ish question but I understand that CLAM is a proof-of-stake coin with 1% annual inflation. That sounds similar to Peercoin which also has 1% annual inflation. I just found the following on the FAQ page:


Is it correct that the staking rewards for CLAMs stored on Just-Dice are given to the investors or does dooglus get to keep these? I know proof-of-stake coins held on exchanges are staked by the exchange owners for extra profit on top of fees.

So if the former is true (and I think the FAQ suggests that this is the case), the actual expected profit for a bunch of CLAMs invested in Just-Dice is 1% from staking + the losses of players from the house edge, correct?

I don't know the full story but from the few posts I've read, I think the dev promised to set up a buy wall for his investors after the ICO. Instead, he dumped all his coins, never put up the buy wall like he promised, abandoned the project, and disappeared.

There is a similar project called vTorrent that has many of the same functional aims as this one. It's worth a look if you're interested in these types of things. I can't say for sure whether it will turn out to be a scam like this one and Torrentcoin (a similar scam where the dev also ran away) but it seems to be the most promising one of the bunch.

By the way, I'm considering reviving/relaunching this coin too if there is any interest although unfortunately, history suggests that relaunched coins usually don't end up very far. Plus, the logistics of putting a torrent repository in a blockchain is giving me a headache. The code is still up on GitHub in case anyone is interested. It seems to be a 1:1 copy of Torrentcoin so perhaps forking that might be more ideal.

The purpose of NuBits is to keep a value consistent to that of the US dollar and it has performed this job very well since it was launched. I think there is a value in having a crypto that is stable to the USD and it, along with BitUSD, serve to fulfill this demand.

As for the Peercoin pump during the run-up to the NuBits launch, well yeah, that was definitely a pump. And what follows a pump is always a dump. It's hard to say if this is the bottom or not since all cryptos have been performing terribly in the past 12 months. Peercoin isn't an exception.

Strange to see it take so long to get confirmed. Unless you used a very small fee (or no fee). The average block time is supposed to be 10 minutes and rarely do blocks take over an hour. Every block mined today so far has taken a reasonable time to solve according to Blockchain.info.

I've seen him quite a few times around here on these forums. IMHO he seems like a pretty reasonable and trusted guy. I admit this isn't the only account I have here too. I just registered another account a few days ago to announce the new website that I'm launching and to answer queries, etc. I know it seems a bit shifty, especially if someone has 10+ accounts, but it's not against the forum rules to have multiple accounts.

There are already projects underway that attempt to bring together traditional PoW mining with solving scientific problems. The mining doesn't directly solve these problems but instead you get rewarded coins when you contribute processing power to distributed projects like Folding@Home and BOINC. Examples of such coins include Foldingcoin, Curecoin, and Gridcoin.

Then you have coins like Primecoin and Riecoin where the hashing algorithm is directly involved with solving the problem at hand. By mining these coins, you help to solve and identify long strings of prime numbers. The results of these calculations could be useful for future research applications.

On the other hand, if the files that OP are talking about are encrypted using AES-256 with a sufficiently strong password, then I don't think a network of miners no matter how numerous or powerful would be able to crack them. A strong password such as the one below would take 94 septemvigintillion (9.4*10^85) years to crack with a typical desktop PC:

"349UnCzEXsY11!_+%nrb--33s0113191..eEeEE!>>Ezqzbaa#3#"

Even if you had 1 trillion people each with 1 trillion ASICs that were 1 trillion times more powerful, it would still take 9.4*1^49 years which is 6,800 billion billion billion billion times longer than the age of the Universe.

However, most people use shitty passwords so perhaps it might only take a few days.

Kiwicoin was a failed attempt at creating a coin for New Zealand. Likewise, Aphroditecoin for Cyprus and HellasCoin (no English [ANN] thread) and Greececoin for Greece. While all are considered failures now, I think Aphroditecoin was the most successful out of these since it appeared in quite a few mainstream news sites including Reuters and Yahoo! News.

Article at CCN: http://www.cryptocoinsnews.com/hope-cyprus-aphroditecoin-now-4th-market-cap/

There is also MediterraneanCoin but it doesn't seem to have anything to do with the Mediterranean.

Also, they're not really countries but related are Mazacoin for the Traditional Lakota Nation, New York Coin for New York, and CaliforniaCoin for California.

EDIT: There is also FIMKrypto (FIMK) for Finland. It's a NXT clone. [ANN] thread is here.

EDIT 2: Again, this one's not really a country (well, at least not anymore) but there is Denarius for Ancient Rome.