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And this is pretty much the reason I can't take dogecoin seriously as a financial instrument and it pretty much equates to a bubble.
doge investors keep telling others to believe in doge and only report on how big the bubble is getting and not the growth in doge's utility.
I mined a lot of doge in the beginning (about 400 mil) just like IFC (4 bill) but at least the ifc community is taking itself seriously. doge doesn't and the community only cares about getting new people in to buy more to lift the price, instead the network. eventually, without utility, bubbles burst.
I guess its time to start my exit strategy on doge. Its been fun watching the hilarity.
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Block Numbers Per-Block Reward First Block Expected Coins Produced (approx) Expected Total Circulation (approx)
1-100,000 0-1,000,000 (random) 8 December, 2013 50,000,000,000 50,000,000,000
100,001-200,000 0-500,000 (random) 14 February, 2014 (estimated) 25,000,000,000 75,000,000,000
200,001-300,000 0-250,000 (random) 25 April, 2014 (estimated) 12,500,000,000 87,500,000,000
300,001-400,000 0-125,000 (random) 3 July, 2014 (estimated) 6,250,000,000 93,750,000,000
400,001-500,000 0-62,500 (random) 10 September, 2014 (estimated) 3,125,000,000 96,875,000,000
500,001-600,000 0-31,250 (random) 19 November, 2014 (estimated) 1,562,000,000 98,437,500,000
600,001+ 10,000 (fixed) 27 January, 2015 (estimated) 5,256,000,000 per year No limit
This is really helpful data, thank you for posting it. It is interesting how the flow of doge coins is going to drop rapidly over the coming year. So while there will be a lot of them, the flow will decline quite a bit. A good example of what will happen is IFC, Infinitecoin. It is an accelerated view of what will happen. Reflect on the price but also the hashrate of the network. While price rises the risk of 51% attacks increases exponentially to price increase. |
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Nice DOGE is 88,705,964 LTC is 447,545,311 So DOGE only needs 358,839,347 to go! |
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why do you think litecoin will rise again and have any future? it is SLOW as HELL, it gets killed as soon as asic miners for scrypt are out and its a real boring coin.. the only reason why alot people hold litecoins is because they bought for $20-40 and don't want sell it now for <$20, or they are prisoners of scientology and believe in a x20 rise  This is awesome!!!! These arguments were exactly what LTC advocates would post about bitcoin a year ago. Too funny. ROFL!!! |
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Hello fellow miners, I am a cryptocurrency entrepreneur from Colorado.
I have just contacted them with an investment offer, if they are interested I will be flying there soon and will report back with my findings (and pictures, lots of pictures). I have high hopes for this company and while I think they come off as "scamy" I believe they are genuine at their core.
just make sure you get back to us by the oh...say the 18th or 19th of Feb ...I did a paypal order with them on Jan 5th I think....I and a lot of others paid via paypal ... we or most of us will probably dump our alpha stuff...if we have no video or anything else of note by that point in time (45 day option of no product under paypal rules) I myself paid American Express and have another 15 days after this....I think someone told me master card is even longer getting to the point they better put up or shut up on some video actual engineers telling us progress stuff like that imho or we all will likely walk with our paypal $$$$ thanks for your services in this in advance Searing I don't think it is fair nor do I think you are speaking for "most" people as you put it regarding refunds. To expect something working 45 days after you put down a deposit, when all they had was a road map and a basic design shown operating in an fpga, is a bit far fetched. I do look forward to a working prototype (for sure before Alpha Technology asks for the remaining money!) but 45 days from order is a bit much. I'm not sure KNC even had a working model when they first took orders and they are the GOLD standard. (Not that that matters, but it is worth saying). We are in a good situation only having put down a reasonable amount of money, when you consider we will need to see a working model before giving the rest. And again, who showed a working ASIC model so soon? There might be one, but I know many didn't. IAS So how is your TA doin? I got my $14 LTC. Did you get any or are you still HODLing? I honestly bought my LTC at $3, was lucky, just wanted to diversify, wasn't in it to profit, but I did. I got my bitcoin at 150 or so, sold some to pay off my initial investment at 750 and 800 and now I'm sitting on free BTC (so to speak). I'm done trading, the time was just too much. I will use TA to add on dips to pick up fractions of BTC here and there, lol. So, my TA is, or was doing quite well.  Regarding the KNC comparison, fair enough, but Alpha Tech has, what looks like now, the 2nd Scrypt ASIC to come, or that will come out. Much more difficult as the designs aren't open source (not that all the SHA256 are, but there is a base from which to work. Hopefully Alpha makes it. They are looking legit to me, that is no longer a concern. Since Gridseed did it, hopefully Alpha can to, but Gridseed is Super expensive, guess we missed the initial entry there. I still could have tried, as I noticed it, but no "CE" symbol on their chips would have them sent back at German customs to country of origin (if stopped - not a chance worth taking). Rather go the legit route. Searing, you weren't just saying you "could" return in 45 days you said "most" would. That is what I called you out on. But thanks for the further information, always good to know our rights. IAS I want asking about your old stakes ta from a few months back. I stated an opinion on where btc and ltc were going and you attacked it assuming it wasn't backed by ta and your ta showed it is in an uptrend. The long term uptrend was broken and needs to be established again. So as you point out you long term buy and hold (ta?) is working for you but your actual ta did not show you an intermediate trading opportunity. It could be the result of ownership bias. You are invested in the market and that can cloud judgement. You need to clear your mind off the fact you are an existing owner of coins. Create another account to trade with and lock your buy and hold coins in cold storage away from exchange access. If keeps your trading sharp. |
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You misinterpret the argument. An IOU can be determined as money. The problem with Ripple and most fiat systems is that an intermediary determines the value of the fiat apart from the value of the original asset. Not only do buyers of Ripple have to content with the risk of bitcoin (changes in protocols by developers) but they are also subject to the whims of the Ripple creators. The network is only subject to the whims of the Ripple creators when it comes to distribution of XRP. That is not relevant for its use as an IOU network. They create additional risk where it is not needed. They most certainly do, but again it is only relation to XRP. For now, the network is fairly centralized, but any open alternative will be too at the start. Gateways are an essential intermediary to be able to actually convert IOUs, and companies are not breaking down the door vying to do this yet. They are the good smith's who write IOUs that can potentially coming fraud against Ripple participants by changing the value of ripples independent of the value of bitcoin. This is not an accurate portrayal of how ripple works. I have no vested interest in convincing you though. The network is subject to the whims of the ripple creators when ever they change the protocol of the role network. Not only can they increase distribution but they can also increase total ripples changing the value of ripples reason to other crypto currencies. Again anything can be done with a software update. So yes Ripple adds additional, unnecessary risk. |
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XRP are ~7.5% distributed amongst users, RippleLabs doesn't issue any IOU, so these are 100% not under their control. Also anderl did not post proof of Ripple's alledged centralization by the way.
These charts are so wrong, it is hard to find a starting point. For one thing 1 Bitcoin address != 1 Bitcoin user. These stats are based on address balances, not users. XRP can NOT be controlled by their creators, since it in fact is an open source and distributed system (just like Bitcoin too - the Satoshi block chain acts as central authority there) and most people would likely disagree with them issuing more XRP to themselves.
It is really frustrating to take time to post educated opinions by the way if the other party is just copy-pasting big red text instead of answering in a meaningful way. If you want to have the same experience (without the big red text, as this is disabled there) please go e.g. to the battle.net forums and open a thread there convincing people that it would be a great thing for Blizzard to accept BTC for WoW subscriptions.
Dumb as read Wikipedia. I did provide proof and you quoted it but you are so wrapped up in spreading propaganda that you didn't see it in front of your face. I know you and the whale came here with an agenda to push Ripple on people here trying to fill them into thinking is an investment without telling them that Ripple is a derivative. You and him use dishonest debate tactics like deflection of topic and attacks on the debater. Again the proof that Ripple is centralized.... As of November 30, 2012, 7.2 billion XRP have been distributed.[19] As of January 20, 2014, the World Community Grid (through ComputingForGood) gives away 1.5 million XRP per day to individuals who donate spare processor time to analyze aspects of the human genome, HIV, dengue fever, muscular dystrophy, cancer, influenza, rice crop yields and clean energy. [22] The amount of XRP distributed can be found on the Ripple website and their movement tracked through the Ripple Live Network. [23] That is centralized control. Bitcoin is distributed by a computer algorithm. Ripple is distributer by people. They can decide to dump them all at once. They can just increase the size of the available ripples when ever they feel like. Ripple is like a central bank. http://en.m.wikipedia.org/wiki/Ripple_(payment_protocol) Not this again. We come here respectfully and you have a tantrum. You don't back up anything I ask for with sources. You paint the thread in YOUR propaganda and then you think we have some evil motive with our debating 'tactics'. Sorry that you are intimidated by the facts but those 'tactics' are just convincing, truthful arguments. But it is hard to debate with someone who clearly exhibits very little frontal lobe activity. For example: Your big come back is that Ripple Labs could dump at anytime.... WHY WOULD THEY? They are a for profit organization which does not want to destroy their work. That same logic can be used in regards to Satoshi's 1 million BTC or the US Government's hundreds of thousands of BTC. Satoshi won't dump his 1 million BTC because it will destroy his work. Back to my old post, go and re-read everything we have stated. I feel like hitting my head against the wall every time I read your replies. Why would they, you say? See that is the first mistake of Ripple. You prove again it is centralized control. You are putting faith in the governing body of Ripple. Human beings. You assume that all people are honest and that none of them can be corrupted. The bitcoin market is a free market. People had to exchange some other store of value for Bitcoins. So they had to buy into it. So if they own a lot it is because of a transfer of value. People buying into bitcoin know that there are buyers that entered the market before them and accept the risk that they bought in early at lower perceived value. That is post of the mechanics of a free market. Ripple creators dictate the value independent of the people who trade value to buy into Ripple as a risk they can be devalued but the role creators. Buyers into Ripple have to accept that Ripple governance is honest and cannot be corrupt. But that is not true. Ripple is a four profit corporation and has a bottom line. They can be bought and lobbied into diluting the value of ripples if it turns a profit for the Corporation. Again a strike against Ripple. |
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The ripple concept is a brilliant one. The part of the main arguments against it being an IOU system are weak (it's not real money!--except this is a construct that is millennia old). Its execution leaves a lot to be desired, though. There is no advantage to anyone using the ripple system vs. a more open competitor.
And, those who are going around and saying half-truths like 28 billion have been distributed without noting that 20 billion of that has been distributed to its coders is not the way to honestly market it. But you know that, and you know that the honest marketing does not sound very appealing.
You misinterpret the argument. An IOU can be determined as money. The problem with Ripple and most fiat systems is that an intermediary determines the value of the fiat apart from the value of the original asset. Not only do buyers of Ripple have to content with the risk of bitcoin (changes in protocols by developers) but they are also subject to the whims of the Ripple creators. Ripple creators as a company can be bought, sold, paid off, or controlled by governments. They create additional risk where it is not needed. They are the good smith's who write IOUs that can potentially coming fraud against Ripple participants by changing the value of ripples independent of the value of bitcoin. No good has come from using derivatives in financial markets as they always lead to financial crisis. |
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XRP are ~7.5% distributed amongst users, RippleLabs doesn't issue any IOU, so these are 100% not under their control. Also anderl did not post proof of Ripple's alledged centralization by the way.
These charts are so wrong, it is hard to find a starting point. For one thing 1 Bitcoin address != 1 Bitcoin user. These stats are based on address balances, not users. XRP can NOT be controlled by their creators, since it in fact is an open source and distributed system (just like Bitcoin too - the Satoshi block chain acts as central authority there) and most people would likely disagree with them issuing more XRP to themselves.
It is really frustrating to take time to post educated opinions by the way if the other party is just copy-pasting big red text instead of answering in a meaningful way. If you want to have the same experience (without the big red text, as this is disabled there) please go e.g. to the battle.net forums and open a thread there convincing people that it would be a great thing for Blizzard to accept BTC for WoW subscriptions.
Dumb as read Wikipedia. I did provide proof and you quoted it but you are so wrapped up in spreading propaganda that you didn't see it in front of your face. I know you and the whale came here with an agenda to push Ripple on people here trying to fill them into thinking is an investment without telling them that Ripple is a derivative. You and him use dishonest debate tactics like deflection of topic and attacks on the debater. Again the proof that Ripple is centralized.... As of November 30, 2012, 7.2 billion XRP have been distributed.[19] As of January 20, 2014, the World Community Grid (through ComputingForGood) gives away 1.5 million XRP per day to individuals who donate spare processor time to analyze aspects of the human genome, HIV, dengue fever, muscular dystrophy, cancer, influenza, rice crop yields and clean energy. [22] The amount of XRP distributed can be found on the Ripple website and their movement tracked through the Ripple Live Network. [23] That is centralized control. Bitcoin is distributed by a computer algorithm. Ripple is distributed by people. They can decide to dump them all at once. They can just increase the size of the available ripples when ever they feel like. Ripple is like a central bank. http://en.m.wikipedia.org/wiki/Ripple_(payment_protocol) |
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Initial distribution of XRP is controlled by Ripple Labs; it is undoubtedly a profit source. As of this posting, they retain ~72,000,000,000 of the total 99,999,999,999 that will ever exist.
What happen when they dump their ripples? What will your ripples be worth of insiders desire to cash out? 100 percent premine! Lol
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anderl Trust: He can't structure a proper argument without lying. What does this say about his integrity as a person? If he blatantly lies on the forums, I fear he will lie and defraud innocent people.
One example being that he is trying to convince people that Ripple is NOT open source (which it is). Therefore he is defaming a company (which is illegal) and saying that an Admin of bitcointalk is part of a scam. As JustMoon is CTO of RippleLabs.
All evidence has been screen printed for prosecution - if desired.
Anyone else involved with defamation or accusing the administration of bitcointalk of being actively involved in a scam?
You are really grasping at straws. You a little butt hurt. Why don't you tell us more about how terrible ripple is? How you are trying to spread propaganda about it here so people buy into it thinking it is as tangible as btc when in reality it is a first system just as pathetic as the US dollar. Bernanke is that you? I'm grasping at nothing. You have been proven wrong and now you are having a tantrum in the corner. Pathetic. Put your money where your mouth is then. You threatened slander. Or are you just trolling. |
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The difference between bitcoin and ripple.  Ripple is the PRISM of Cryptos. Ripple can easily be easily subjugated by the NSA since it is a corporation and has to abide by National laws, homeland security. Keep Cryptos free from government control. Do not use Ripple. |
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anderl Trust: He can't structure a proper argument without lying. What does this say about his integrity as a person? If he blatantly lies on the forums, I fear he will lie and defraud innocent people.
One example being that he is trying to convince people that Ripple is NOT open source (which it is). Therefore he is defaming a company (which is illegal) and saying that an Admin of bitcointalk is part of a scam. As JustMoon is CTO of RippleLabs.
All evidence has been screen printed for prosecution - if desired.
Anyone else involved with defamation or accusing the administration of bitcointalk of being actively involved in a scam?
You are really grasping at straws. You a little butt hurt. Why don't you tell us more about how terrible ripple is? How you are trying to spread propaganda about it here so people buy into it thinking it is as tangible as btc when in reality it is a first system just as pathetic as the US dollar. Bernanke is that you? |
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For those telling me to diversify, I have diversified into other ALTs as well... I'm holding on to 3 other ALT coins and every single one of them made me lose money. Honestly if I did it over again I would just hold on to my BTC, everything else seems like a gamble or maybe I just have terrible luck. I'm really hoping I can at least get my investment back from LTC... but LTC hitting 30 again seems almost out of reach I hold 7100 LTC. These panicking posts happen every time there is a crash. I remember when LTC went from 2.50 to 1.70 and people thought it was the end of the world regretting holding LTC thinking it was going to a dime again.
Yes but were there as many other Alts that were a threat to LTC? Were the dev teams a lot more committed and active back then? We are only talking a few months ago and yes there were just as many cap coins as there were strongly developed coins. |
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I hold 7100 LTC. These panicking posts happen every time there is a crash. I remember when LTC went from 2.50 to 1.70 and people thought it was the end of the world regretting holding LTC thinking it was going to a dime again.
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Great, so now you don't understand the psychology behind trading. The little fish follow the trends, who do you think is setting those 'perceived' trends? So from your colorful graphs, it doesn't matter that nearly 30% of all BTC are held by less than 50 people. And you assume that these 47 entities have little to no influence on the price? So if Satoshi or the US Government expressed that they would be dumping their BTC holdings, this would have no adverse effect on BTC? Wow. Just wow. No wonder why you don't get Ripple nor can provide any citations for your own FUD campaign which I explicitly asked for in my last post. You are so naive. Therefore, I have concluded that you are a troll. Is there a TrollCoin yet? I'll tip you. Thanks for the new Ripplecoin thread. I needed a place to advertise it as a scam. |
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I know right? A few people say they like/use/made a profit on mcxnow and BCX, Hazard, and anderal come in to stroke each other off
Just FYI, Hazard and Anderl are just two of my alternate screen names. ~BCX~ FU you are my alt. |
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Here is some great information about what the gold smiths used to do with storing gold and using derivatives like IOUs back in the day. From Commodity to Bank-Debt Moneyhttp://ingrimayne.com/econ/Banking/Commodity.htmland the second part Creating Money << this is what ripple is trying to do with bitcoin. http://ingrimayne.com/econ/Banking/Commodity2.html"Ripple is a scam! Ripple is a get rich quick scheme for it's creators, a private for-profit company. It is NOT open source. It is CENTRALIZED, akin to PayPal rather than Bitcoin. For more info, visit RippleScam.org." |
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