To me, the most obvious 2nd gen coin to invest in was Nxt, followed by Qora and NEM. Nxt is the one most people are familiar with as it pretty much invented the genre. So recently I decided to explore the Nxt client and buy some coins. I did the same too with Qora except I haven't touched the wallet yet.

Next one I'm thinking of adding to my collection is NEM but I haven't gotten around to buying that one yet.

Are there any others you would recommend?

NAS? NXTL? Kora? Not to mention all the CryptoNote coins.

Why are there so many? It's making my head hurt.

Anyway, you might be wondering why I am doing this? Well, I believe that in the future, Bitcoin's market cap will reach $40+ billion so that is where most of my investment lies. I also believe that altcoins will benefit from the crypto explosion too. So we might see coins like Litecoin, Darkcoin, Monero, and Nxt with $1-5 billion market caps. Kind of how like there is Google for search engines and Facebook for social networking and Microsoft for operating systems and a multitude of smaller competing companies. Altcoins would have their niche uses - e.g. Nxt would be an ecosystem where you list and trade assets with Nxt being the currency for doing these transactions, Darkcoin and Monero would be used for anonymity, etc.

Bitcoin could implement these features too (e.g. Zerocoin, Colored Coins, etc.) but it might suffer from the "Jack of all trades, master of none" problem as well as a reluctance by the core devs and community to make drastic changes to the underlying protocol. Therefore, the real innovation might only be found in altcoins and so I believe that there will always be demand for them.

Are you sure there are 15 million coins already? Coinmarketcap.com says that there are a little over 13 million coins.

And to answer your question, here is the relevant section on the Bitcoin FAQ:

You might be able to retrieve it from the drafts when that happens. When posting a new reply, click on the draft hyperlink underneath the Preview button and you might see your old posts saved there.

Just changed my sig too. Also I've noticed that the sig for full members doesn't display properly on my mobile phone. It's not a huge problem though - just the bottom blue bar doesn't show up.


Someone please correct me if I'm wrong but I think it carries over to the next month. You should be alright as long as your name is on the currently enrolled users list. So if you haven't reached the 50 post limit on the 17th of a particular month, then you can claim it on the 17th of the following month. If by then, you still haven't reached the limit, then you can wait however long it takes until you reach it and then claim it on the 17th of that month.

Bitcoin whales existed long before institutional investors and hedge funds came into the picture. And I highly doubt any of them have integrated themselves into the Bitcoin ecosystem sufficiently enough to make any noticeable impact... yet. Bitcoin has always had whales - almost all of whom being early adopters who were lucky enough to jump onto the Bitcoin bandwagon when it was still largely unknown to the outside world. You can verify this by looking at the blockchain; a few addresses control a very large number of bitcoins.

The now-traditional definition of a whale being someone who has over 1,000 BTC makes sense because the definition of a whale is someone who has enough wealth that their actions cause a noticeable shift in the market. When someone sold 300,000 LTC all at once and crashed the price of Litecoin a few days ago, that was a whale (and not a particularly smart one either). 100 BTC would probably be enough to effect a change in the Bitcoin markets and a couple times that would produce a very noticeable spike or drop in prices, but most people don't play with their entire balance - hence the appropriateness of the 1,000 BTC limit.

Coinye was destroyed by a lawsuit. It seems more likely that Dogecoin is just suffering from a downtrend that's affecting all of the older more established altcoins (of which DOGE was probably the last). Both Peercoin and Litecoin have been experiencing the same decline for most of the year too as attention has shifted to the newer altcoins (of which NXT was probably the first and includes coins like DRK, XMR, etc.) which have popped up in recent months.


Assuming BTC price of $1,000 for simplicity, if each DOGE was worth $1,000 then Dogecoin at its current state would need to have a market cap of $90 trillion. So yes, it would be very, very improbable.

I actively use about two or three addresses at any given time, one of which was the first address I ever used. These addresses comprise my "hot" wallet. In total, I have probably used about 10 addresses including change addresses. About half of all the addresses I used were generated via Electrum's deterministic seed feature. The rest are/were addresses generated using Vanitygen which comprise(d) my "cold" wallet.



These statements seem to contradict each other. So security-wise, there is nothing wrong with depositing multiple times into a cold paper wallet address right? Just as long as the bitcoins in that cold wallet are never spent?

But wouldn't such a cold address also fit the definition of a receiving address as well?

The differences between the two is total supply and demand. The price of a coin (or anything for that matter) largely depends on these two things. The more demand there is, the higher the price. The more supply there is, the lower the price. This is why there are some coins out there like 42coin which nobody really wants, but because the total supply is so small (i.e. there are currently only 12 of them on the market and there will never be more than 42 coins ever mined - hence the name), each 42coin sells for a whopping $2,000.

Now, as you might already know, Bitcoin is a much more established cryptocurrency than Dogecoin so naturally there is greater demand for it. Hence, even if Bitcoin and Dogecoin both had the exact same number of coins, Bitcoin would be priced higher than Dogecoin. But more importantly, Bitcoin is much more scarce compared to Dogecoin. Bitcoin has about 13 million coins at the moment and will never have more than 21 million coins. Dogecoin does not work in the same manner. There are many, many more dogecoins, and new dogecoins will always be produced since there is no cap. For example, right now there are almost 90 billion dogecoins:


In order for 1 dogecoin to be worth $1 today, Dogecoin would have a market cap of $90 billion. In order for 1 dogecoin to reach $100, Dogecoin would need to have a market cap of $9 trillion. So you can see why this would be infeasible.

What do you think? I know there isn't strictly speaking, a right or wrong answer for this question since it's really a matter of opinion, but it's still something to think about. Back in the early days, faucets gave out whole bitcoins per day. Now that the price of Bitcoin has skyrocketed, nobody would argue in retrospect that these faucets weren't worth using.

In one of their exchanges, Satoshi and Hal Finney discussed the maximum upper limit for the price of a single Bitcoin. Finney believed it was $10 million USD (or more specifically, the purchasing power of $10 million in 2009 US dollars):


Now, this is assuming that Bitcoin replaces the fiat currency of every single country in the world. I've also seen estimates of $1 million USD per Bitcoin if it manages to replace the fiat of a single large country or group of countries (e.g. the Eurozone), or $300,000 if it manages to attain a status equal to that of gold or silver.

So if you do the maths, a faucet like Freebitco.in pays out 300-400 satoshis per hour depending on the exchange rate. Most faucets pay a bit less than this, and some faucets might pay a bit more. But using the figure of 300 satoshis or 0.00000300 BTC, one gets the following calculation:

1 BTC = $10,000,000
10,000,000*0.00000300 = $30

So those 300 satoshis would be worth $30.

Or $30.00/hr

If you manage to complete 10 faucets an hour, then you would be making the equivalent of $300 per hour. Or roughly the equivalent of a team of surgeons or a single Fortune 500 CEO. If someone believes that Bitcoin will replace fiat, then it's hard to deny that getting the equivalent of a full-time job (or better yet, 10 full-time jobs) for doing essentially nothing isn't a good deal.

What do you think?

I think Bitcoin will reach (and surpass) $1,000 either later this year (hopefully) or perhaps sometime next year. I will be VERY disappointed if it isn't over the $1,000 mark by 2016.


I think difficulty depends on the hash power of miners as well as the number of miners. So the introduction of ASICs in 2013 greatly increased difficulty, for example. So did the transition from CPU to GPU mining and the flood of new users in mid-2011 when Bitcoin first became mainstream. I'm not sure why the difficulty is so much higher today compared with December 2013 though. Everyone mined with ASICs back then and it's still the same situation today. Perhaps it's because there are more people mining nowadays (I think a lot of people became interested in Bitcoin during and immediately after the November spike - myself included) or maybe it's because the power and efficiency of mining equipment has improved since then.

First time on a sig campaign so I'm still a bit nervous. Thought today might be a good day to start since it's a new month. I'm currently at 232 posts minus this one. I highly doubt I'll be able to make 50 posts by the 17th but the FAQ tells me that it rolls over so I should be OK. I filled out the enrollment form and left the fields in the "claim payment" page blank and clicked submit like Parazyd said on page 377 I so hopefully I'm in the program now.

Anyway, I had a look at the "claim payment" form and was just wondering about this part:


Does this mean that all posts in the off-topic section should not be counted? Or only posts that are off-topic in relation to the thread? So even if I wrote an essay-length reply on the off-topic forum about some serious subject, it should still not be counted?

That's weird. I can't seem to be able to vote either. Perhaps the poll has been locked.

LOL at this old thread that keeps getting bumped and confusing newbies.


Freebitco.in pays much more than that. It pays about ~300 satoshis per hour. The price changes depending on the BTC/USD exchange rate. And you can get larger amounts too if you're lucky. About 1 in 100 rolls will be a lucky one where you can win 10 or even 100 times the normal amount. If you use it 24/7, then you might even hit the biggest or second biggest prize within a year or two. Personally I wouldn't bother with a faucet that only pays 10-70 satoshis per hour unless it was part of a faucet rotator.

There is also the PrimeDice faucet which pays 250 satoshis per minute (10,000 or 20,000 during HH), but there is a minimum withdrawal limit of 50,000 satoshis. I once bet 250 satoshis on it and ended up with $2 worth of BTC which I then cashed out. The chances of that happening was 0.1%.


Unfortunately, I knew about Bitcoin in 2011, the faucets, the mining, the forums, the exchanges, everything... but I ignored it.

Looks like this one was a smaller turboprop plane rather than the bigger Boeing or Airbus jet type.

I believe the forums were hacked into sometime last year and a database of emails was leaked. It was around the same time the ability to change one's own avatar was disabled.

Fortunately it's back down to 33 percent so it's nothing to be worried about anymore.

He won't be using their Internet anyway, so I doubt the IT guy can do anything about it.

I'm guessing they will provide you with a BTC address to send coins to but your ad will never show up on the site since they're not the real admin right? Or are they trying to steal usernames and passwords somehow?

The "Kidnapping citizens to Ukrainian army" thread got me wondering...

Why is sex slavery morally wrong but conscription is OK?

They are both examples of forced labor. They are both dangerous and emotionally and physically damaging to the victim. Someone who is forced into prostitution could get AIDS and other venereal diseases. They might be raped or murdered. Someone who is forced into becoming a soldier and made to fight could get their brains blown out or their limbs amputated by a roadside bomb. They might suffer from PTSD.

Heck, I think I'd rather be forced into sex slavery than be forced into fighting a war. Unless I personally believed that the reasons behind the war were worth risking my life for which case I would voluntarily join the army anyway (extremely unlikely). I would think that my chances of survival would be greater as a prostitute too.

So why is it that we despise people who force other people into sex slavery but we have no problem with people in suits forcing people who don't want to fight to kill others and be killed? Shouldn't the latter be even more horrific than the former?

New Zealander here. Surprised to see that there hasn't been any mention of this in the news. Couldn't find any mention of it in the front pages of any of the major news websites here either. It would be nice if there was more interest in Bitcoin in New Zealand but I guess us kiwis don't find cryptocurrencies to be newsworthy.