My bet is on Litecoin or Counterparty. I believe that both should start rising pretty soon.

Bitcoin is f*cking them all and Ethereum is down by 12% as we speak. Want more proofs that Bitcoin is the king? But frankly speaking, I don't think that some of the coins/assets/whatever (such as Counterparty, which is down by 12% as well) deserves such decline. Are there some Ethereum, Monero or Dash fanboys, which can come here and compare these with Bitcoin?

You were warned. Looks like Ethereum will follow. Fact is that today about 25 altcoins are down by 10 or more % and this is probably because of the Bitcoin trending. Keep comparing BTC with others...

Do you know the entire process in creating money bills? How about the process of building a Porsche car? The average Joe doesn't care and this is one of the main obstacles of adoption of cryptocurrencies, while geeks are trying to prove who is smarter. They bailed out with the DAO and that was a pure mislead to the average Joe. They admitted that technology was released way to earlier. So does Ethereum.

What is the gain for us all (who are not speculating with the market)? Nothing! And what comes after such outcomes? More regulations...

You have no idea about people behind them. Most of the ICOs are launched by a handful of people, which for sure were previously involved in pump & dump shitcoins + hype. Never heard of vDice, but the Ethereum connection says enough. ETH as well as the DAO was/is also a form of scam. Not to mention how modern is now to launch an ICO, using a technology, which is not working as intended (Ethereum) and its (conveniently) presented as something experimental. This (at least in my views) is speculation with money raised from the masses. These ICOs will bring nothing more than more regulations and I'm saying this for ages, but time will tell...

This is also a good read:

The Untrusted Setup – Why you shouldn’t trust ZCash

"Hidden inflation

ZCash will launch today. This is not a “normal launch” like any other altcoin, because ZCash required a so called “trusted setup”. During this setup, some secret (public) parameters were generated based on a “master private key”. These network parameters are needed to create the so called “zero-knowledge proofs”, which is the anonymizing mixer on the ZCash network. The “master private key”, referred to by Zooko as toxic waste, needed to be destroyed.  If this data is not destroyed, someone who has access to this key is able to generate an infinite amount of anonymous ZCash.

This is the so called “hidden inflation problem”; unlimited counterfeiting of coins while nobody is able to detect it. If this were to happen, it would undermine the value proposition of the ZCash cryptocurrency. ZCash would never be considered to be “sound money” where the emission scheme can be checked by all participants. The problem is that nobody can check if the setup actually did occur  in a correct manner. People who hold value in ZCash will need to trust the setup process from the genesis block onwards.

Setup of the setup

ZCash used a “multi party protocol” which means that, according to the team, as long as one of the participants in the generating process is honest and doesn’t keep a copy of his part of the “toxic waste”, nobody else will be able to get access to the full “master private key” that is needed to create counterfeit coins. Only 6 people participated in the setup. This is a very small group and thus creates a theoretical possibility that these people were conspiring or were being coerced by a TLA to keep a copy of the “master private key”. While this is a possibility (certainly considering possible involvement of the Israeli government), it doesn’t seem all that likely due to the involvement of Peter Todd, who isn’t a part of the ZCash team.

What’s more worrisome is the fact that the setup itself could have been compromised: think about hardware, network, software, operating system, binaries, etc. There are a lot of attack vectors. Governments had a very big incentive to compromise the setup of the setup. If successful, they are able to create free money without people noticing and meanwhile diluting the value of a potential powerful cryptocurrency. State sponsored attacks are known to be very sophisticated, like Stuxnet that sabotaged the Iranian nuclear power plants.  Is it therefore likely that governments were able to compromise this “trusted setup” as well? I my opinion it is. It’s impossible to prove that an unknown attack didn’t happen. You don’t know what you don’t know.

Sybil zk-proof attack

The ZCash team often repeats that even if the setup is compromised, the anonymity of the network isn’t at risk. However, I beg to differ. Due to the high RAM requirements to generate “jointsplits”, it’s unlikely that the anonymizing feature of the ZCash network will be used much in the first years of the existence of the coin. This leads to the possibility of “timestamp analysis attacks”. People tend to use new mixing technology as an “intermediate step” for obfuscating bitcoin transactions. But due to volatility risk, people tend to have their value for the shortest possible time in an altcoin. If people use the zk-mixer for obfuscating bitcoin transactions, it will be trivial to connect the transparent ZCash that enters the zk-mixer and the ZCash leaving the mixer again after only a few minutes or even hours. (Sidenote: this leads to fungibility problems within ZCash; you can read more about it here.)

Imagine an attacker counterfeiting a lot of fake zk-proofs. This could create the illusion of a liquid mixer. A lot of usage means that suddenly one can hide his transaction in this mixer with a lower (perceived) risk of being tracked. Timestamp analysis attacks become increasingly harder. But the attacker, who knows all the fake zk-proofs, can ignore his own counterfeited liquidity. He is still able to do the timestamp analysys based on the real (low) liquidity inside the zk-mixer. This leads to a very dangerous situation in which the user thinks he is transacting anonymously, but in which an attacker will still be able to track all transactions. Privacy theatre is a huge risk.

Chain rollbacks

There is a (drastic) option to solve this issue. Zooko proposed recently to periodically force everyone to reveal their balance as a solution for the hidden inflation problem. At a certain block height all “anonymous” coins would become invalid and an observer would be able to sum up all “transparent” coins. If the total amount is equal to or less than the emission should actually be, the  system can be considered “sound” until that point in time.

If however an anomaly is discovered, then the ZCash community will face a difficult decision: continue with the inflated emission or rollback to the previous checkpoint. The network would also come to a halt until the bug is found. Trust in the currency would be lost immediately. If the community decides to do a rollback, this means that all transactions between the previous checkpoint and the detection of the hidden inflation will become invalid. Some people won’t like this rollback and maybe a non-rollback ZCash fork would emerge.  When people use the “rollback ZCash” however, one can only consider transactions to be “fully confirmed” after such a successful “emission checkpoint” happened.  Exchanges, users, merchants and wallet services should be aware of this serious risk.

Inflation bugs

ZK-proofs are very difficult to understand. Recently, Zooko even admitted he doesn’t understand the math. The ZCash team has some smart people on board, but even they can not guarantee that the network is free of bugs. During the test phase, a bug was discovered that made it possible to counterfeit coins. This attack had nothing to do with the “trusted setup”, but would cause the exact same problems as described in this article. Due to the fact that the ZCash protocol is very complex code, it’s not at all guaranteed that similar bugs aren’t still present in the protocol.

Conclusion

You shouldn’t trust ZCash."

Source: http://weuse.cash/2016/10/28/the-untrusted-setup/

ZCash may be a success (in terms of profit for the early investors), but quite frankly I expect it to be a fiasco in the long run...

Just saw this supply chart and I can say that a lot of market manipulation (pump/s) could be expected:



Buying right from the start could be a good or very bad idea.

Yeah, sure. Then why he disappeared shortly after the dump? I am almost 100% sure that he's still here, but using a different nickname.

ICOs are mostly scams. Period.

AUR was the first billion $ blockchain and I thought it was the biggest scam (or p&d, or both) in history, when the price reached $90+ and it was heavily dumped about a month later. I bet that this Baldur made plenty of money on it.

This is not Clive road, but anyways... don't you find it a bit strange on the way the area from both sides is fenced off?

If you manage to show me a google street view of the address, then you'll surprise me a lot. Believe me, there is a lot more going on than just posting in this thread and CT article was expected.

... and when I smell bs....



P.S. Sorry for the huge screenshot.

Forget the Bitcoin reason, that's obvious, and I already tweeted my opinion (https://twitter.com/bulgar1an/status/790962097186336769).


This is probably from where my confusion comes from. I read somewhere about these prices and I thought they were promising a "pump" (market speculation) or something. Nevertheless, I smell bs here.

EDIT: @Spoetnik - The DAO attack was on June 17.

I don't "buy" such promises, just asked. We can add Startcoin, which promises were for $1 price.

No surprises here.

I thought they (the AMP team) were somehow promising for the price to rise? Haven't followed the news recently, but it appears that AMP lost more than 30% of its value in 2 weeks?

I've done nothing wrong and tbh, I should have started doing this earlier, because in my years in crypto, I have seen 100s of scams and false promises. My opinion was that every person has a brain and should think before putting money on "something", but truth is that people are sheep and you know this better, since you mislead them 82734324 times with your 87324234 shitcoins. If I start a thread about your history in cryptocurrencies, then I'll need about a year to describe what kind of bitch you are.


FAILCommunity is not my personality, it is a community which started as FailCoin. It has nothing to do with my loss on RZR, but it started because of coins like RZR. I am something like a project leader and I'm in control of the Twitter account, but I think that everyone with a half brain knows this.

In this tweet (which you conveniently deleted) you said I'm speculating:



But in this video (https://www.youtube.com/watch?v=_oX_OSq4v0M), between 09:50 and 10:28 min. you are saying that you have mined and owned 300 coins. What does this mean? That you are 300 times more stupid than me, or you a just a hypocrite? You're saying that there is a speculative part in mining process? No shit, sir?!

This is what you've said in your conversation (which you proved its legit):


Of course people lost money on RZR, myself included. Back then (as I've said 100 times and this could be easily be proved by searching the forum) I had 7 x 60MH scrypt ASICs and I could have just mined and cashed out something else (if all was because of the money I can earn), but decided to choose RZR. Since the beginning I have always tried to back up every developer team (of a coin which I believe it could turn into something) by mining and holding their coin, or provide some buy support. That made me a huge bagholder, but these were my choices and my mistakes.


Mining (unless you are mining coins like Litecoin (as I was using scrypt ASICs)) is always speculative. You confirmed it in the video, yet you are calling me stupid. Of course I would mine something else, which I think it can makes me a better profit. Does that makes me stupid or hypocrite? Maybe, I don't know. But it doesn't change the fact that this is a real loss (if you were mislead by some shitcoin).


I don't give a shit you've blocked me, but I am PRIME EXAMPLE of how people should act in this industry. You've said that you were told by your attorney (not sure why attorney was involved in something, which was supposed to be "free launch") that you should no longer participate in RZR. That's an excuse (so does illness or whatever), which pretty much every scammer does.

My full name is Spartak Kostadinov Tomanov (that's what spartak_t stands for - Spartak Tomanov) and I was born in a town called Razlog (everybody can google and see this). I live in the Bulgarian capital called Sofia, which is located about 150 kilometers from Razlog. My father has drowned back in June 13, 2014 (it was Friday night), but I was back in FailCoin development 2 days after the funeral. You think I'm kidding?

http://www.struma.com/obshtestvo/bivshiyat-futbolist-na-pirin-razlog-kostadin-tomanov-kapi_56113/
http://infomreja.bg/bivsh-futbolist-se-udavi-v-ezeroto-na-razlog-17846.html
http://standartnews.com/regionalni/mazh_se_udavi_v_razlog-242007.html

I think 3 sources are enough to prove this and you can see my posting history (that I was here shortly after it happened). DeOS and FAILCommunity deserve each other? You can't be that far from the truth! The fact that I'm still here and never left the project (so does our 12 members from 10 different countries, which were paid 0 BTC) put us in light years ahead of DeOS! We just didn't raised 6.1k BTC and we only have one developer, who works in his free time, that is why nobody heard about us, but that's fine with me.



I don't need help since you first started stalking me on Twitter. I "stalked" you with account, which is known to be in my control, not some BlockNetShit.

So, Mr. Weiner, please stick on the subject of the thread (Razormind) and don't try to be a smartass, because I will always beat you in that game. And do you know why? Because I have nothing to hide, BITCH!
   
 

You just watch the video I posted and then come back and try to explain why you called me stupid. More to come tomorrow.

P.S. Guys, please see my post above and quote Weiner. Tomorrow would be my last (and detailed) post to him

I am just gonna ask someone to quote all of Weiner' posts after my last one and I will put him on his place tomorrow, since its 10pm here and I am at a birthday party.