Over this NVC drama I will never touch it and I lost a lot of respect for btc-e but I do not see how pump and dump premined alt coins is a scam...
OP needs to see what solid coin was... and he will understand NVC is going to take the same path.
Same. How is there $100,000 worth of NVC 'buys' on the order book? For a week-old coin? 100% scamsville. Pump and dump in my opinion is a scam, if the entire goal of the coin is to do this... But that's just my opinion. |
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I'm waiting for someone to release a program that I can change 1 variable and then click a button and out it poops a new type of coin, everything prepackaged and ready to distribute. Then tell everyone to invest!
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Things that today cost roughly the same:
BITCOIN $27.35
FaceBook $28.32
Silver $29.80
One of these things is worthless, and it is not Bitcoin. You have got to be kidding. BTC is the least valuable of the three. I agree it is worthless. Please send your worthless coins to 1MkafqeFf938JKDaai2tVczX7TyZJPPUo3 |
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Wow that's news. Hopefully they are using something like cgminer but a device so unique is probably not supported by cgminer--yet!
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I voted yes!
It's shady as a mofo!
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Can I be the one to point out the typo in the thread title? 2000 sahres.
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why not p2pool, isn't that pretty decentralized? asicminer could really bring them into the light!
ASICMINER would become more than 95% of p2pool, which means almost no reduction in variance for a significant overhead. Going solo is better in every way. Someone mentioned that pools are more resistant to DDOS than solo mining but I doubt that there is a good supporting argument for that either. However, I presume friedcat thinks we will most likely be below a few percent for the most of our operation and that's why he will develop the infrastructure with pools in mind. In that case, we could use one p2pool instance among other pools. Yes, but it would also prevent friedcat from becoming a threat in a 51% situation since he does not control the output. p2pool has made monolithic pools obsolete, and I don't understand why anyone would be silly enough to ever use anything but p2pool. Glad you agree. I think instead of ASICMINER mining solo and silently (and innocently) having >51% of the network (if they roll out 50 TH in a couple weeks they will!) it would make the rest of the network satisfied knowing that they are simply making the network stronger and there is nothing foul they could do in the process. But, they wouldn't do anything foul to begin with. There is no point in them 51%ing Bitcoin since they have invested so much and causing any problem with the network would be ludacris. If they did a huge doublespend or something, and caused Bitcoin's reputation to become sour, they would lose everything they could possibly gain and much more by ruining the money that they are earning with the machine. I think we can all agree that even if they had a large majority of the network, they would do nothing different other than mine the coins and make everyone happy. I think mining at p2pool would be great for a psychological reasons. Sure, if they had >51% of network hashrate and were mining p2pool they could stop at anytime and solo for a bit and then go p2pool'ing, but that's not likely. If they were mining for a big pool, that pool would have >51%, and it would put the trust in that pool operator. If they were mining solo, it would put the trust in them. As trustworthy as they are, if they have >51% for one moment that would mean they have that ratio for days, weeks, or even months. As they keep scaling up equipment, they could maintain it for as long as it takes, as the profits could produce these machines quite easily. The more they order, the lower their costs go, and the profits are just going to be astounding. They are not a threat, but if they get that kind of speed, they will be the talk of the town for a long time and it could lower faith in the bitcoin network as a whole, at least until competition arrives. If BFL starts pumpin' out those little black boxes, then the threat is reduced dramatically as we will all be on a level playing field. At that point, sure, solo it up. Until that time comes, I think they should keep p2pool in mind to keep people from thinking they could do something innocent yet break the whole network. Profits would be similar to solo or pooled mining and everyone's happy. |
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why not p2pool, isn't that pretty decentralized? asicminer could really bring them into the light!
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Happy to say HAPPY VALENTINES DAY and that CoinURL has been running flawlessly!  |
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50 BTC loaned from BurtW @ 10% interest per month to be paid back in a couple weeks-ish.
Thanks again, Burt!
Repaid! Thanks!! |
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otoh, if they do it right, they could make millions.
Sure. However, there are only so many bitcoins are mined and only very few ASIC miners like Jeff who managed to start early will do really good. The rest will inevitably ramp up difficulty and still have to share all the same new coins. In risk/reward models, that I've looked at back in May, it was clear that if BTC price rises as it has now then ASIC mining project will be profitable (assuming other risks, like getting a dodgy manufacturer etc work out). However, when comparing that model with simply holding BTC it became painfully obvious that risk/reward of mining investment was significantly worse. @smoothie. Great to hear that litecoin is doing so well. It probably will do even better once GPU miners are "kicked out of Bitcoin" and have nowhere to go but to start mining litecoins.+1 I tend to agree.  +1 |
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If bitcoins were $93.03 today, we would have a market cap of $1B. Which means Laszlo would have paid $930k for those pizzas back in May 2010 |
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Hi mc_lovin,
I got a comment today from a "site" that thought we had stopped our revenue sharing program.
However, when i log on to coinurl and check the revenue sharing for his/her address it shows up with a balance
but when i check the address in blockexplorer there are no transactions.
I pointed him/her to the coinurl site so he would know we are not scamming him/her, but still there seems to be a
problem with the revenue sharing payouts.
Any comments.
/GoK
Interesting, as far as I have been aware, I get the payment requests from one script and I pay them out with another, if there is something different with revenue sharing, and it could very well be, I will ask the old admin! Are you planning on integrating/merging OpFab with coinurl?
Or you are planning torun it as two separate services.
Good question, I would love to integrate the two of them, but there are a lot of things standing in the way. OpFab is built on so many different architectures that are completely not compatible in any way, plus the way the bids are done and everything, basically they are two completely different, even non-competing, ad services. It would feel sloppy to integrate them I think. On top of that, I don't own OpFab entirely. I would rather buy the other half of OpFab than sell half of CoinURL, yknowwhatImean? |
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CoinURL getting more than 417,000 impressions per day! 4.8 per second!
C'mon guys put some banners up and let's see a million served per day!!
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The list is from the MT.Gox hack years ago.
I'm still getting emails sent to me from that list... |
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Yeah, i am sorry if i confused you(anyone).
But that was what i was saying...
! Glad it's back. Too bad it came with an empty wallet. Sounds like they tried to rip us (the users) off, whoever owned it previously.
There is some logic to it not coming with a wallet, if it came with a wallet the site would have cost as much + the wallet funds which nullifies the point of coming with the funds in the first place... But yea, him selling the domain names it did seem like he had intended on leaving the users hanging. I'm so glad I had the opportunity to bring everything back online and save the day for everyone! I was always so frustrated at how low the bids were on the site and how little the publishers were earning, so the user balances themselves aren't a back breaker by any great amount, I'm sure the site will quickly regain financial equilibrium from the zero wallet, and at that point I will definitely lower or even nullify the fees. Right now a publisher can get all of their funds and not face a fee if they put their funds back into advertising and that works out great since at that point all I need to do is keep the server paid up, and the hosting fees are not going to break the bank, I don't have to look at the site's earning and look at the hosting fees and see a problem if the site costs more than it earns, all I need to do is focus on further promotion of the site and try bring in more clients to make more money that way! I'm a great marketer, and I know of many ways to bring CoinURL to the next level and any costs between now and then are just stepping stones to the future. |
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BFL is going to be last to the game. Just fantastic.
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All it takes is one person to cash us out way down again. You guys look at the order book and think no one else will place an order.
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