WTB for 1 TrolLCoin..oh wait...I have to make it first *grabs Litecoin source code*  hehehehehe

I know I posted my sell order in terms of LTC, but I was approached by bitcash2013, so I made a successful trade with him for 100 YAC/ 0.086 BTC.

Id like to sell 100 YAC for 34 LTC/1K

True that. I was thinking there should be child boards named after the categories in xorxor's "List of all cryptocoins" sticky, plus a "New" or "Announcements" childboard for new crytptocurrencies to be announced. It'd really take away the clutter. Maybe each childboard could have stickies linking to all the google doc/"official" exchanges and pools out there. Id have a field day organizing all this stuff

Not sure if this has been discussed before, so feel free to point me in the right direction if this is the case.

I'm sure many of us are aware that local currencies exist, however from what I've seen most, if not all, have been paper currencies. So far these haven't proven to be too problematic, but what if a community wanted to stimulate their local economy with a digital currency as a different approach? This would be assuming that people and small businesses within said community were willing to accept it.

I'm aware it would have to be taxable to be legal (which I personally hate), but all the legal issues aside, could a community actually do things like restrict mining to their area? Would it be advantageous to do so, or simply stick with paper currencies? I ask this mainly because local currencies have been beneficial in some sense (like the Ithaca Hour), yet such paper currencies are always at risk of being subject to counterfeiting, much more so than a cyptocurrency. Also, theres always the ability for a cryptocurrency to be scarce, whereas paper can be easily created from a central authority out of a printing press as we all know.

Selling 1k CHN @ 21 LTC/1k CHN

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Thank you kindly,

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I tried the expiry flag for CGminer and nothing has changed. I've noticed this same problem only recently, and still nothing seems to work. Is it related to the pool or what? Here's what my batch file looks like:


EDIT: Whoops! I missed the post regarding the pool's increased hashrate xD I suppose we can disregard this then.

Nevermind! Once the client caught up with the block chain, my litecoins popped up. Thanks again.

Thanks a bunch! Tho after messing around with the Litecoin folder in AppData, it wound up being the blk00001.dat and blkindex.dat that were the problem..tho now i have 0 LTC..i remeber specifically having about 200..do you think updating my litecoin client wouldve had anything to do with it?

Bumpity Bump

The main argument that Keynesians like Paul Krugman makes is that if a currency is deflationary, people will never ever buy things. I can tell you I spend my bitcoins from time to time on wants. I just dont spend them recklessly. I've bought nice headphones and some cables recently on bitcoinstore.com, and it was a fair amount in terms of USD. If i was able to buy food or clothes in person with bitcoin, I would definitely spend some on occasion, especially if I were low on cash.

Also, when people say that bitcoin is deflationary, they imply that they feel it can go nowhere but UP and go up ALL the time. We can clearly see that's not true. Prices are fluctuating even today as the market tries to figure out what the value of bitcoin ought to be. Seeing it skyrocket to over $200 I feel was more speculation than anything, but right now it appears to be stabilizing at a bit over $100.

As far as economic growth is concerned, if it turns out that the amount of bitcoins, even with all the divisibility, isnt enough, another cryptocoin will eventually act as a complementary currency or perhaps replace bitcoin entirely. The point of something deflationary like bitcoin is to have a store of value; something that will remain stable. Right now bitcoin is pretty young, but im sure over time it can act as a valid, stable store of value for a long time. So having these inherent deflationary traits can be beneficial because of that incentive to save, not "hoard".

An inflationary currency, especially the USD, destroys the incentive to save for the future (for one's self or their kids if they have any). If the inflation rate was capped at 1%, then maybe that could still work. However, I know a good number of friends of the family that spend so much more than they make, and while they have so many nice things and are "stimulating" the economy, they arent really wealthy. They didnt buy those nice things with money they legitimately had or could pay off easily, and on top of that, they have very little money saved if any. Meanwhile if anything happened to me or anyone else and money was needed (and if bitcoin was accepted lol), then I would be able to use some of the money I saved up. If a person who only spent money was in that situation..theyd have a much harder time.

Hmm..this is quite annoying damn IRS always wants to steal every penny it can. But I don't plan on ever selling off my bitcoins, even if they one day are worth a million dollars xD So this doesnt terribly bother me.

I really dont like this left-right "duopoly", but on this chart I'd have to say Libertarian. As far as a Libertarian goes, I've always flirted along the line between Minarchy and Anarchy, so I wouldn't know how I feel about that yet.

Bump

Well you certainly should keep temps at a stable level. For me personally I dont like temps reaching/going beyond 85C for my 2 7970s. However for that lower-end card you dont need to worry about temps getting that high. I remember when I used to mine with my 6790 temps never went beyond 72C inside my case. If you really want to make sure you should download a tool to monitor GPU temps, like MSI Afterburner. Who knows, maybe you could squeeze in a nice overclock while youre at it

However, you wont need anything special or ghetto if youre using only 1 GPU.

Just registered
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I'd make myself a Printcoin bill and fund it with that 1 BTC. With that I'd bring it to my favorite little organics shop near my school and show it to them, and use the paper bill to get them to better understand bitcoin as a currency. Hopefully they'd then consider accepting bitcoin as payment, especially considering they aren't doing so well. Maybe then the use of bitcoin would spread throughout my community ever so slowly. It'd be worth a shot

Thanks a bunch.

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