This will be the price at the same time next year: I surely hope so, but I fear you'd have to hack Bitcoin to get it to those rates! I'd be happy long term with a 0.25 - 0.50, but I imagine it'll take a few years for the market to get there. If ever. YMMV, caveat emptor, this post is not investment advice, etc.  |
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http://exchange.bytecoin.in/2013-04-30 10:29:03 buy 0.00075000 155.00000000 0.11625 2013-04-30 04:32:29 buy 0.00455000 0.61000000 0.0027755 2013-04-30 04:30:32 buy 0.00056500 2.00000000 0.00113 2013-04-30 02:15:19 buy 0.00055000 4922.00000000 2.7071 2013-04-30 02:15:19 buy 0.00055000 2.00000000 0.0011 2013-04-30 02:14:51 buy 0.00052500 78.60009150 0.04126504 2013-04-30 02:14:27 buy 0.00052500 5000.00000000 2.625 2013-04-30 02:14:04 buy 0.00051000 75.00000000 0.03825 2013-04-30 02:14:04 buy 0.00051000 155.31215945 0.0792092 2013-04-30 02:13:44 buy 0.00051000 2000.00000000 1.02 2013-04-30 02:13:27 buy 0.00051000 75.00000000 0.03825 2013-04-30 02:13:13 buy 0.00051000 75.00000000 0.03825 2013-04-30 02:12:52 buy 0.00050000 17.13045000 0.00856522
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BBQ is usefull because its super fast confirmation...
you can get the 6 confirmations in only 2-3 mins
But how many confirmations do you need in order to be secure? Why is it 6? The number 6 has some extensive computations backing it up in the Satoshi whitepaper. With most altcoins the difficulty is very modified to get these different intervals, meaning 6 one minute confirmations are not likely to be as secure as 6 ten minute confirmations. |
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Rainbow Balance Currency Exchange report volume 1, issue 2 Overview after two weeks of operation: BTC/BBQ Volume: 0.08 BTC Last: 0.00004 BTC/BBQ TRC/BTE Volume: 5.0 TRC Last: 0.5 TRC/BTE LTC/BTE Last: 0.5 LTC/BTE LTC/TRC Last: 0.5 LTC/TRC Total quantity supplied: 10.0 BTE 0.05 BTC 26000 BBQ 5.0 TRC Total quantity demanded: 10.0 TRC 10000 CRC 6.9 BTC 40 LTC Several BBQcoin trades went up this week. I've been asked about Feathercoin and support it, but no orders have been placed. Going off of Crazy Rabbit's proposal, I'm now accepting buy and sell orders for Testnet Bitcoins (CRC). Let's see what happens on that front. Hundreds of people are coming into the order book each day judging by the "anonymous user" count offered by Google. There are usually about 4-7 people looking at any given time. I've had a couple of chats, and also frequently tab over to discover that I've just missed someone. In talking with people by PM it's clear that one distinction of RBCex isn't clear to everybody: RBCex is not just a spreadsheet where people's offers are posted and then you contact each other and exchange. The supplied amounts for each order are sent to me when the order is placed, so you know that the money is there and available. The only "send first" risk you take is with me, and I'm hoping to build a track record as a trusted intermediary. You won't have to worry about some random new user with no reputation giving you a fake offer. Keep your orders coming - I enjoy offering this service! |
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FTFY. I think Wikipedia has its own procedures in place to regulate its content. |
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Man, what a great article: Contrast this with the activity of governmental agencies when they assume the speculator's task of stabilizing the food market. They too try to steer a fine line between storing up too little food and storing up too much. But if they are in error, there is no weeding-out process. The salary of a government employee does not rise and fall with the success of his speculative ventures. Since it is not his own money that will be gained or lost, the care with which bureaucrats can be expected to attend to their speculations leaves much to be desired. There is no automatic, ongoing daily improvement in the accuracy of bureaucrats, as there is for private speculators. We can surmise that whatever adjustment schemes people dream up for an alt currency will not be as effective as the action of speculators. The oft-quoted objection remains that the speculator causes food prices to rise. If his activity is carefully studied, however, it will be seen that the total effect is rather the stabilization of prices. |
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Anyone care to join me in this thought exercise? Why make it a thought exercise? Make a currency that does this, and see what happens. |
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Looks like there's an audio recording available, read by Jeff Riggenbach. I've listened to several books read by Riggenback, and highly recommend him.
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A speculator cannot be expected to have a perfect record of prediction, but if the speculator guesses wrong more often than right, he will tend to lose his stock of capital. Thus he will not remain in a position where he can increase the severity of famines by his errors. The same activity that harms the public automatically harms the speculator, and so prevents him from continuing such activities. Thus at any given time, existing speculators are likely to be very efficient indeed, and therefore beneficial to the economy. |
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Excerpt from Defending the Undefendable, By Dr. Walter Block http://mises.org/daily/4466Yet the truth of the matter is that, far from causing starvation and famines, it is the speculator who prevents them. I'm mystified to hear people blame price volatility on speculators and to hear talk of creating a "speculation-proof" fork of Bitcoin.  |
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Great news! BBQCoin Confirmed on Virexa.com exchange! It's from the makers of VirCurEx.com so I think it has potential! https://virexa.comIt's still beta, but VirCurEx has a good reputation. They also confirmed FeatherCoin but it's not on the site yet. I'm mining the crap out of FeatherCoin again! Why would Vircurex start another exchange for experimental alt coins? Vircurex IS the exchange for experimental alt-coins. There isn't a coin they haven't put on it (of note). It wouldn't harm them in the slightest to add these coins and they wouldn't be needing to develop some new exchange that could only potentially risk their reputation if it gets hacked, compromised, etc.. I don't think Vircurex is more then a one man operation, why split the risk/energy? Unless Kumala confirms it- I don't think it's a Vircurex operation. It does resemble Crypto::Stocks, which is also by kumala. But I will also wait for confirmation. The registration posted below your comment only proves both domains are registered using the same privacy service. Kumala is usually pretty open about vcx/crypto stocks activities, so it is odd that he would start a third operation without announcing it. (Maybe there's been an announcement I haven't seen, yet.) |
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400 medium BBQ coins
This would be the first bid in today's auction. |
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Walter what's happening? Should you have not announced a winner for the Monday auction and the beginning of the Tuesday auction?
Yes, I'm sorry, I was a bit slow. But you guys don't have to wait for me to announce the beginning of each day's auction. It starts each day at 00:00:00 UTC. Winner: MrWizard, 375.0 BBQ |
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I win again!
Yep, you're on fire. Winner: shakezula, 21.453 BTE There's another auction on right now, and it appears noone has bid. A new auction starts every day at 00:00:00 for the time being. |
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Name one of these many benefits, please.
Could you just stick to one thread with this question? It gets tiring giving the same subjective opinions on the same subjective question over and over again. To those of you who think we don't need yet another new alt coin: we get it. To those of you who think certain altcoins or all altcoins have no benefit: we get it. You don't have to post it on every single altcoin thread. Some of us would like to have a conversation about particular coins without constantly being challenged to justify why we like the coin. |
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I'm not a proponent of Feathercoin because I think it dilutes the crypto currencies in existence already. Can this be measured? |
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MtGox starts trading Litecoin soon. There is an endless line of customers newbies fools waiting to start trading on MtGox throw money at us miners. They don't care whether it's Bitcoin or Litecoin or Shitecoin - as long as it's Somecoin.
Why is this the general impression I get from the people surrounding Feathercoin, they only care about the fiat money that could be earned. While people supporting BTC and LTC do it because they believe in it as a currency and not a get rich scheme. You call people who buy a cryptocurrencie fools? I honestly think that the best way to help Bitcoin and the whole cryptocurrency movement in general is to build a profitable business in it. Profit is your measure of whether you are helping or not. Building a profitable business in it? By mine the hell out of it the first days so a select few have 3,000,000 to split amongst each other and sell them for lots of money. It never worked in the past, why the hell would ftc be different? And if you think you can take that kind of profit as a measurement whether or not someone is helping, you're definitely wrong. You can only have a succesfull coin if people actually work for them, build services for it and sell goods for them. Buying and holding in the hope Joe sixpack will throw some more money to you than you paid for it is just not helping the coin. How many profit that person may have, it is not a measurement. Their are people on this forum with <50btc or <50ltc who did a lot more for them than some with big wallets. I don't have mining in mind as a profitable business, and I doubt that long term very much profit in the cryptocoin community is going to come from launching new coins. If it does, though, then I guess the community needed it! |
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Which kind of brings us back to the beginning. What is the goal now? It seems to me a lot of alt-coins are trying to improve on bitcoin or make it easier to use (by introducing quicker confirmations, etc...) Since the testnet is bitcoin (with a few tests thrown in  ), why not... just use bitcoin? Is your goal simply to create an economy that uses testnet coins? And for that wouldn't you need an exchange first and foremost? I'll take testnet bitcoin exchange orders on RBCex. What is RBCex? RBCex is my little exchange: https://bitcointalk.org/index.php?topic=172373.0http://goo.gl/ON5JbVery cool! Thank you! I hope to keep it up for a long while - it's fun to operate. |
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