Just wait unitl the SEC comes after these clowns.

That'll rustle some jimmies, for sure.

Sidechains will make MSC obsolete.

The "core values" posted reminds me of many a startup-poster, be aggressive, head held up high, but usually with zero real plan on execution, as witnessed by the lack of real progress of MSC and its subsequent market doldrums. Despite assurances of being more valuable, all that is happening is a nice long burn of BTC contributed in good faith.

This will come to a head when sidechains debut, and after the poor souls who manage to sell their MSC to get some BTC back exit the market, everyone else who wasn't quick enough or didn't know anyone in the "inner circle" will be left holding their worthless wonder-tokens, wondering how the hell they were goxxed, yet again.

What continues to amaze is the never-ending hubris from J.R., who naturally is "all-in", and is holding a large stash of BTC, so I suppose he can afford to do whatever he wants, with zero consequences.

Basically its a nerd pissing contest over whose implementation has the best entropy, or randomness. The Armory guys have always been up front about their software, and they even include tools to determine if your chosen phrase is easily cracked. I don't get what this guy has to prove, except to push his own stuff.

You might want to put those things on your main site, you know, the thing people will go to when they google for your coin. I saw no such clarification there, just "get it now!" entreaties that frankly I'm more than sick of. I tried every page on your site, but it didn't outline anything you said except the proof-of-whatever that you're so proud of.

I think this is where the ugly head of "Bitcoin is just an experiment" raises its ugly mug.

You see, Gavin could totally nuke Bitcoin, but he has the plausible deniability that Bitcoin is just an "experiment". You know, something you just putter about on in the garage, if raccoons break in and tear it apart, hell, its just foolin' around, no big loss.

And that is the attitude that is being put forth here. 50%? Sure, why the hell not. Maybe roll a D-100 and decide that way, it would be just as rigorous as a complete and utter guess.

What is completely unreasonable is why you wouldn't base any of these metrics on actual USAGE, with a sliding window ala Difficulty Adjustments to adhere to what is actually HAPPENING in the network.

Gavin doesn't know, but hey, we have to trust him.

I don't think we do...

Zero details on coin distribution except a lot of hype over combining three different "Proof-of-<insert whatever>". Even their main website doesn't tell you if it has been pre-mined or anything. Just a cute asian girl so you don't think too much about what you're getting into on the front page.

Same old crap as any other coin promoter...

I can't believe he had that much in a hot wallet.

Technology is a harsh mistress, and he'll never forget that lesson. Apparently he has more stashed away, so don't go passing the hat around just yet. I guess its the most brutally "fair" system devised though, if you screw up, you pay the price.

Bitcoin can be used for micro-transactions. Not exactly a mind-blowing revelation. Looks like someone needed a bunch of filler to write up an article, because the only "news" is this part:


So, just some guy who wants to create a centralized server platform for microtransactions. How cutely anachronistic. And this is "news" to these people.

Yet-another-"social"-thing-a-ma-jig started in March of 2014 by two guys in Israel. They naturally want to "crowdfund" their progress, because getting actual VC money for anything "social" is like making an elevator pitch that you're the next "Uber" + < something >.

Like most hybrid-alt currencies, it starts out with a metric shit-ton for no reason, except their own exuberance:

10000 million (10 billion) GEMS is the total currency supply in the GENESIS BLOCK. Eventual supply is achieved as follows: 4,500 million Gems distributed to stakeholders; 4,500 million Gems distributed as daily Airdrop rewards during ~5 years after launch; 500 million Gems reserved for bonus block rewards, promotion, marketing, bounties; 500 million Gems + IPOs will fund the network R&D and operation costs.

And the most relevant part of course - "The gems currency is powered by Counterparty."

So, not even anything that is truly unique, just another bandwagon of idealistic app creators that are super excited to offer you this *unique* opportunity *cough-cough*.

So all I see is a website layout taken from somewhere with the usual scrolling parallax image elements in the background, some app UI shots of something that isn't released, and a couple of guys that are really just asking you for your money.

Yeah, no thanks...

This is by far the worst reason to back a coin. Saves energy? How about the energy saved comparing Bitcoin to the legacy financial system it will replace? I don't buy for a minute that these coins are created as some kind of "Green" initiative. They're parasitic and tertiary, and the fact that they can't even muster enough people to support a conventional mining network tells me quite a bit about their worth.

Don't tell me, you think that hashing is "wasted" cycles too, because you don't understand how the blockchain works.

"Pre Orders" an old latin phrase meaning "Free Money".

Anyone buying mining gear via pre-order is a complete fucking idiot. Or as I like to say, BFL-enablers.

Gavin is a MAINTAINER of Bitcoin, he didn't "originally build" anything - satoshi did all the original legwork.

Christ, the hyperbolic nature of Bitcoin reporting just makes me want to puke.

The only thing they've solved is getting free PR in the "News" section.

Mike Hearn is better off developing software instead of being an alarmist douchebag.

This reminds me of penny-stocks before they issue a 10Q.

The founder comes on, making grand promises, assuring spooked investors that "all is well", and that the uptake of the shares is totally normal and an "organic" part of the lofty vision of the company.

Then, after the spike fails to materialize, and everyone is foaming at the mouth on the penny pumper forums, the 10Q gets filed/released and its exactly the disaster that everyone dreaded - and the price falls to a new low.

Please, continue, this drama-cane has been most satisfactory and I suspect will end up the same way after it runs out of funds.

This rebound is like the April 12th surge, which ended and collapsed soon after. As for merchant adoption and exchanges trading it, that isn't a guarantee of anything - coins get delisted and merchants drop support, too. LTC would have to surge to 10 to even have a chance in hell, and I don't see that happening right now...

Just because it was the second widely-publicized alt-coin doesn't change the fact that its a fork, and still has to prove itself.

Take a look at the market cap chart in the source article:



That divergence tells me that people are leaving LTC. Sure, the hashrate fluctuates, but I'll bet that it drops below 25k in the not-too-distant-future (It's 28,094 as of this post, with an estimated next diff of 27,342).

I think people are just getting bored of it, and won't be coming back for more. Each rebound has been sold into, aggressively, so this latest swing back up to 5.50's doesn't look like a breakout, just another bounce of the ball down towards the lower limits.

Next litecoin difficulty is estimated LOWER than the prior one.

I don't see LTC making it out of the woodshed this year, if anything, its only plumbed new lows. How long until the single-digit funk makes everyone give up for a shiny, different alt-coin? That's the problem with not being first, you are really competing against all the other newer alts, not the top ranking coin.

I doubt that the US Government would even dare try.

They already have their hands full trying to manage ballooning debts and dwindling tax revenues. Crypto may displace fiat, but it won't be because they welcomed it with open arms, that's for sure.

More locations, same near-zero volume:

http://bitcoincharts.com/charts/volumepie/

The top four exchanges by volume are:

1.) Bitstamp

2.) Bitfinex

3.) BTCN

4.) BTC-E

If Kraken wants a chance in hell, they'll have to offer more incentives than "we're the best" with no volume traded...