Personally I'm very interested on someone's technical analysis of the anon tech in XC. I mean Darkcoin is constantly criticised due to it's technical failings over the past few months. But the lack of criticism of XC leads me to believe that it's might fall in to one of these two categories:
1) That the anon tech is actually solid.
or
2) That the distribution and such was so bad that people don't even think it's worth analysing the tech and thus we don't actually know whether it works well or not.
Just the one above point from darkota, strongly smacks it technical merits, and you can be sure that intelligence agencies are flooding this space. If not, they should be named "ignorant" agencies. If you are going to invest into multiple cryptos, I would break the investment down % wise by what technically is on top, but also on just public perception The latter can create a snowball effect from a pump but usually won't last. E.g. Dogy. |
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Regarding Rpietila's first post, I think ones investment into XMR (or any alt you see worthy) can also be calculated by where/when you started with BTC. I say this because if you created enough new wealth and rotate that into XMR, your really not risking much of anything. Note, if you are newly into BTC and don't have money to spare, then. 1:1 ratio or something comfortably low, might be better for you, as a hedge.
For simplicities sake, say you got into Bitcoin when it was at $25 and say you invested $2,000:
That would put your original investment (80 BTC) at app. $50,000. 80 Monero (.336 BTC) would seem a bit trivial, especially if you have your eggs in only two baskets.
What about taking your original $2,000 (now worth app. 3.22 BTC) and buying app. 770 XMR?
I still see this as a relatively small amount of XMR due to the "two basket" metaphor. This is a 10:1 ratio app.
Risking newly created money though, certainly can lighten the pressure.
Personally, I'd reserve maybe 10% - 15% of my BTC ( or a dollar equivalent) to where I see fit, Even if I got in relatively late, as there probably is a good chance of finding the next BTC in this brand new space. My bet is on Monero.
IAS
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Ok, so what is next. Legal options please. They have our money, we want it back, what is the best way to accomplish this?
I cannot begin to tell you how many times their promises have not come through, and how many times they have changed their tos and pulled their own posts and agreements as well as customers.
Again.. where do we go from here?
Scrap'
If I were in your situation I would write Alpha an email explaining that you are not a business and have bought the product as a consumer. Therefore under the Distance Selling Regulations 2000 you are entitled to cancel at any time before shipping or up until 7 days after receipt of the item, for a full refund without penalty including all deposits. I would also point out their T&Cs at the time of purchase stated this (original T&Cs): "Balance payment of 70% shall be collected 8-10 weeks before shipment date. The exact shipment date shall be notified on our website"The EXACT shipping date has not been notified on their website so they are currently in breach of contract. They are in the ninth week since they asked for payments (22nd May). If they do not ship by the 31st of July they will again be in breach of contract. Both these violations render the entire contract null and void and you expect a full refund. I would also state that you will be issuing proceedings with the UK small claims court and passing all the relevant data on to the Citizens Advice Bureau and Trading Standards if you have not received a satisfactory response and restitution within 7 days. You can file small claims court proceedings online here: https://www.moneyclaim.gov.uk/web/mcol/welcomeMoney claim online can be used by people living outside the UK but you will need a UK address. Fortunately you can use a service address. More information about money claim can be found here: http://www.inbrief.co.uk/preparing-for-trial/problems-with-small-claims.htmSmall claims can be heard in absence and the fees are very reasonable and can be found here: http://hmctsformfinder.justice.gov.uk/courtfinder/forms/ex050-eng.pdfA small claim may be the fastest way of getting your money if you do not have CC protection. Most are not disputed so the awards are given fairly quickly. You can contact the UK Citizen's Advice Bureau direct on 08454 040506 or fill out the form on their website. They will pass your complaint on to UK trading standards. If they receive enough complaints they may start a criminal investigation into Alpha. The form can be found here: https://ssl.datamotion.com/form.aspx?co=3438&frm=citacomplainform&to=flare.fromformsYou can take these steps even if you are not a UK or EU citizen, as Alpha being a UK company are bound by UK Consumer law. Hope this helps. Thanks for the well drawn out post. That really helps us who don't know our legal rights. Just to throw something out there (again) for customers. At current prices per Mh/s, we are basically at the time where you probably won't break even. ( https://bitcoinwisdom.com/litecoin/calculator) If these units are shipped sometime in August, looking at the current quick rise of the difficulty, it will be a HUGE loss. We are talking Huge in the sense of e.g. Buying a BTC Jalapeno that mines you 25% of its value over a year. I plugged in small difficulty increases, like 1%-3% and there still is no break even (nor close) by years end. Somebody feel free to give a detailed response to this as I am no LTC mining expert.In the last 3 weeks app. the difficults has gone up OVER 50%! https://bitcoinwisdom.com/litecoin/difficulty |
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As a heads up, there is no reason to use Counterparty to get SWARM if you don't want to. Just go to Swarmcorp.com and send bitcoins to the address listed from a Blockchain.info account and you're done.
I don't see a reason why investors would pay more for their Swarm (from Swarmcorp.com) when they can purchase it at a lower price from counterwallet.co.. You have to consider the amount of Swam available on Counterwallet. Since it is easy to buy Swarm directly from Swarmcorp.com, do you really think people (needing or wanting to sell) will be selling any Swarm for more than what they paid? The amount available on Counterwallet (last check) was small, so I wouldn't talk about this as an "either or" type of thing as it appears to be an extremely small amount. However, sure, if you want a few at discount, get them while you can. |
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Meanwhile in spain: Unemployed, barely can pay bills, my pet is sick to boot. On top of that: I learned about Bitcoin back in 2009 but didn't invest because it was always linked to criminal activity so didn't look into it, as a result, I see it on mainstream news 4 years later about how it went to 700 dollar a coin. Thank you Bitcoin for making me suicidal for life. Sorry to hear about your pet. There is a reason the Buddha said "Life is suffering". All these things will come to pass, your health, your wealth, your pain, your poverty, etc. (I'm not religious mind you, but think there is a lot of wisdom in ancient writings.) So, instead of looking at the past (e.g. chances missed), or worrying about the future, while you are here just be a living example of what you wish others to be. The rest is all transient and in the end, doesn't matter. So, for example, when you see truth (e.g. Bitcoin in 2009), no matter how it is used, if you see it containing good, then go to it. There will always be "bad" here. And suicide, is rather like starting the game all over again, so be careful of your actions. Most people only seem to rise up and be happy through suffering, if that is any consolation. And BTW - you are still an early adopter... |
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This is all so confusing. Why are people still sendig their btc here? I mean come on, these salaries do seem to be quite outrageous, and altough they may be nice, why would you be spending money on parties? I would prefer to see most funding going towards the actual project.
Well, listened to a few podcasts on Swarm and also listened to some interviews from the guys their. They seem genuine. I worked in IT before and if you are good you get paid. I do think they need to control their salaries however, you are right there. The problem I have thus far is what a few others mentioned - The Counterparty interface for the orderbook is not easy to use. It is not intuitive. I really think the guys there need to work on the interface. But, swarm is not Counterparty, different fish. I am curious what Swarm will come up with regarding the actual crowdfunding platform. Is there anything we can see? The Counterparty devs have heard the frustration about the GUI and they are responding. See here: https://bitcointalk.org/index.php?topic=395761.msg7902979#msg7902979Great news and thanks for the link. I believe this is what you are talking about: BTER-like Dex interface is undergoing final testing. |
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This is all so confusing. Why are people still sendig their btc here? I mean come on, these salaries do seem to be quite outrageous, and altough they may be nice, why would you be spending money on parties? I would prefer to see most funding going towards the actual project.
Well, listened to a few podcasts on Swarm and also listened to some interviews from the guys their. They seem genuine. I worked in IT before and if you are good you get paid. I do think they need to control their salaries however, you are right there. The problem I have thus far is what a few others mentioned - The Counterparty interface for the orderbook is not easy to use. It is not intuitive. I really think the guys there need to work on the interface. But, swarm is not Counterparty, different fish. I am curious what Swarm will come up with regarding the actual crowdfunding platform. Is there anything we can see? |
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What will be interesting is how many exchanges (and for how long) just won't deal with NY residents (or in NY). I mean that is essentially what this is about, no?
This isn't a Federal law or the like, this is for NY (albeit the financial center of the US). Perhaps later the Federal government follows in their footsteps,
but I don't think that will be within the next 1-2 years.
IAS
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But the fact is that all inflationary crypto dies. No one wants it. Without a gun put to their head, no one will take inflationary money if there is any viable alternative. Demurrage only works under duress.
If you've been paying attention, the government in the US is making or enforcing laws regarding cryptocurrency to empower the effects of Gresham's law, where holding deflationary currency just gets you more paperwork and taxes. http://en.wikipedia.org/wiki/Gresham's_lawThe only question is, was this coincidence or conspiracy to continue the status quo. They are at the state of hoping to have some serious regulation in place in about two years time. There will be minor regulatory controls implimented along the way. HUGE money is entering the space. In two years time, the question is, will we be past the point Of no return regarding cryptos? It most certainly looks so. The Trojan Horse has already entered Zhe banking system. It looks like the US will be for it. Weak currencies like the Argentinian one, will see a flood into Cryptos. I really wonder, in this age of smartphones, if Greshams law even applies at all... |
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The simple fact is deflationary currency econnomically incentiveses saving rather than spending which is terrible long term.
Inflationary currencies obviously do the opposite and incentivise spending and creating debt.
Savings is only terrible if our "handlers" want to raise lots of money from the taxes of our labor. If we bought less, we would need less money. Don't let the word "productivity" fool you, we are not machines and we don't need stuff to make us happy. Luckily these Cryptos are global, so we are all in it together, and being all in it together means we all can stop working 40 hour weeks (I already stopped that years ago) and all stop buying and consuming more than we need. Once we stop spending so much, governments will have much less money in which to tax, which means on top of the already shrinking money supply via cryptos (much much more difficult to fund wars), governments will DRASTICALLY lose their power. (Hopefully corporations acting as Nation States as well). But no fear, these algorithms are more than just for money. Just throw in some heart and we are really our own governments, for the people and by the people, no more of "buy" the people.  I'm really looking forward to what these App coins do regarding governing. Its about sharing |
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Every system that is cheatable will be cheated, humans are greedy and will exploit everything they can. Thus your idea is totally horrible  I am afraid you are confusing Western Civilization (which has been usurped and manipulated) with mankind. For a better example of mankind look at those more "primitive" peoples. They like to share, they see themselves as a part of things (and rightfully so). There is no reason for greed as why would you need more than there is, which belongs to all of us? It makes no sense... Unless you have been pitted against your fellow man to compete, accrue, challenge, etc. An operational reboot might be in order, not to mention opening ones heart. I think Jimi Hendrix (the sage) said it pretty well, when the power of love overcomes the love of power the world will know peace. That is a self evident truth, but one must take the blinders off. Regarding Cryptos and reaching that "goal", it is just a step in the right direction. It is a disruptive technology that will disrupt and get us away from the hoarding mentality. And these alts are just a bit more Trojanistic medicine to add to the Trojan soup. Ain't it lovely? But, its really quite simple, Its about sharing I am not even sure i even get your point, but it takes just a single greedy person or government to cheat such a system and stop the inflation. Cryptocurrency should be a zerotrust system with tight non-cheatable rules thus such stuff simply doesnt belong into them... You know the story about adam and eve An apple ruined everything. My point is that people are not inherently greedy or bad, quite the opposite. True, in that it takes a single bad apple (aaaahhh, now I know where that expression comes from!), to make it bad for everyone else. Hence, these decentralized, consensus based Crypto technologies are really a step in the right direction. They sort of change our thinking AND start us questioning what money really is. Every governments (and more so banks) worst nightmare - Trust-less money based on algorithms (and yes bankers - it is open source!) Curiosity is back again... IAS |
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Every system that is cheatable will be cheated, humans are greedy and will exploit everything they can. Thus your idea is totally horrible I am afraid you are confusing Western Civilization (which has been usurped and manipulated) with mankind. For a better example of mankind look at those more "primitive" peoples. They like to share, they see themselves as a part of things (and rightfully so). There is no reason for greed as why would you need more than there is, which belongs to all of us? It makes no sense... Unless you have been pitted against your fellow man to compete, accrue, challenge, etc. An operational reboot might be in order, not to mention opening ones heart. I think Jimi Hendrix (the sage) said it pretty well, when the power of love overcomes the love of power the world will know peace. That is a self evident truth, but one must take the blinders off. Regarding Cryptos and reaching that "goal", it is just a step in the right direction. It is a disruptive technology that will disrupt and get us away from the hoarding mentality. And these alts are just a bit more Trojanistic medicine to add to the Trojan soup. Ain't it lovely? But, its really quite simple, Its about sharing |
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XMR looks really strong in the market. I've been accumulating the past 5 days and seen with my own eyes the buy support grow from 60 to 300+ btc. Meanwhile the price is only up less than 50% from the bottom and still less than the average over time.
It is easy to see a continued uptrend from here. Interesting point will be to see whether it goes over 0.010, which was the top of the previous wave.
(Do not mistake market comments with fundamental analysis.)
Was just looking at the market depth on both Mintpal and Poloniex, the depth on the buy side looks DEEP. I think 50 BTC buys or so at around .003 or so on both exchanges (with the price at .0032-.0034). The sell side is VERY thin. We do look poised for a (continued) move up, as long as there isn't a large dump. https://www.mintpal.com/market/XMR/BTC#https://www.poloniex.com/exchange/btc_xmr |
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That is my first post of that link and you call it "cluttering" the thread? And you have to add the "Unlike you" comment, just to rub it in? I missed the OP's comment and didn't realize it was bad to post a list, but then what do you go ahead and do? Post a link with that list and your responses to it? Double standard, no? I did go and read through your link however, and I did so twice. Your arguments are not very convincing and I'll leave it at that. I am not against DRK, though I did sell off what I had of it and put it into XMR, (and for the sake of transparency) I did the same with my remaining LTC. I'm a bit in Counterparty as well but moved my NXT holdings into XMR as well. Looking forward to what Ethereum comes to be too. I think there is room for a few Anonymous coins to coexist. But, I've made my "bet", for now anyway. If DRK changes things to come up to par with XMR I might reconsider, but the instamine would not be fixed and that is worrisome, as is some of the other "dark" things that have been repeatedly brought up about DRK. Its about sharing |
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I believe Alpha Technology gave 2 weeks from the time of a payment processor being set up (mentioned a month ago or more) to have to pay. And even then they didn't sound fixed.
Considering they spent extra to get the chips sooner, I would hope they have the chips any day now. It has been a while. Does anyone remember when they initiated the order?
We are in a really tight window, as any prior ASIC miner knows. Each weak the value of the miner drops a substantial percentage due to the rising difficulty level.
In light of all that has happened (or not) over the last month, I see no reason to send payment until they get the chips and are shipping.
And if that isn't in the next two weeks, I am not sure it even makes financial sense.
Even right now, I'm not sure what the chances of breaking even are. Has anyone run some estimations?
IAS
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I've listed the Flaws of Darkcoin and Monero.Darkcoin's Flaws:
1) Darkcoin has a 50% instamine by it's own developers during launch, as the block reward was set to 500, and there was no windows wallets/miners. Evan, the developer, and Internetape, the other developer, instamined over 1million Darkcoin's within 24 hours. 2) Darkcoin's name itself, Darkcoin, will always be affiliated with illegal activity like the Darkweb, Drugs, etc, and the name itself ensures that Darkcoin will never reach anything close to mainstream acceptance. 3) Darkcoin's "anonymity" is based on coinjoin, it simply mixes users coins around, making it harder to track it. However, if even the slightest taint if found when mixing the coins, an investigator will be able to deduce who sent what and who received what. The maker of coinjoin, Gmaxwell, deeply criticized Darkcoin since it's coinjoin based "anonymity" is basically a joke. 4) Darkcoin's mixing system/coinjoin relies on something called Masternodes, Masternodes are nodes that are set up by people, anyone can set one up, and Masternodes are the things that mix the coin around. Masternodes also present many risks besides giving trivial "anonymity", if all masternodes are owned by one individual, he will be able to "de-anonymize" Darkcoin and see all transactions clearly. 5) Darkcoin's Masternode Payment system has forked the network many times, and has failed Twice in the effort to pay the owners of Masternodes. 6) Darkcoin's Masternode/Darksend system is closed source, so that means the developers could be stealing coins, or doing any other malicious things, and it will remain unnoticed 7) The Masternodes can always be DDOSed, effectively shutting them down, if the majority of Masternodes were taken offline(they are mostly hosted on Amazon servers), then Darkcoin's trivial anonymity will completely shut off  There are many many other flaws, it will take up too much space to list, so I've listed the main ones.
Monero's Flaws:1) Monero's bloating/scaling is an issue, where the blockchain itself takes up a lot of space on someone's computer, however, there have solutions to this, as shown by Crypto_Zoidberg, after he fixed this issue with his own coin. The issue has pretty much been fixed anyway, since bloating was caused by dust payments from pools, and with a recent update, those dust payments have been taken off. But because I think it will look to unfair compared to Darkcoin's 101 flaws, I had to list a "flaw" for Monero  2) That's it. Worth repeating, thanks Darkota... |
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XMR is just looking for a reason to go in bubble mode. At this point, anything could trigger it be it cryptsy adding it or an official GUI or whatever announcement they are gonna share with us in today's missive.
Hard to sustain a bubble when 22,000 coins are being mined everyday. A bubble would just invite botnets, who would promptly dump. 22,000 coins a day X .0026 (rough current price) = app. 52 BTC a day to sustain that price. The average volume on ONLY Poloniex has been over 100 BTC a day. There is a pretty good chance that darlidada might be on to something. Obviously someone has been dumping their coins as the volume is more than there. Since there was not the instamine as with some other coins , there is a pretty good chance that if XMR continues to succeed as a CN coin, that we will see an appreciation in price. Eventually we will need wide adoption along with a nice GUI wallet and such. But till then, large pockets do appear to be moving in here. I personally liked DRK coin at first but once the instamine information came out (should have done my DD) and once I (on my own) started thinking about the name, it hit me it probably never will be widely accepted. What further got me down on DRK was the lack of what it really sets out to do, be anonymous. I've appreciated the dialogue here. Now, even though I feel this way, it does not mean that DRK won't succeed. I mean look at Dogy coin, not that it has succeeded, but it goes to show you that a meme coin can take off, at least for a time. And once all the Cryptos really do start to move (with BTC leading the way), I wonder if we actually will have a vast field of Alts and Andreas A. has described. Perhaps we will look back on this and say we were splitting hairs. IAS |
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Why bother with Alpha Tech anymore..... Nexus
Re: Latest Update
« Reply #131 on: Today at 02:48:57 PM »
I'm so glad I haven't sent in my final payment yet!
Looks like I could buy a 250mh/s unit right now from zoom hash and get it in 5 days for just about the same as my remaining 70% deposit. Never preorder!!!! ALpha is no where's near delivery and there are already SHIPPING units for less than you are paying for a Viper. Instead of paying your 70% just buy a unit from zoomhash and get it in 5 days!!! 28-30 Mh/s unit (minus required 1200wPS & Raspberry Pi) for $849! Guess you are right. These unit seem to use quite a bit of power though. |
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