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For coins to be listed on the larger exchanges they have to meet certain requirements like a large volume of trading on smaller sites or an amount of money raised during an IPO
so there is probably a bit of momentum gaining for the coin already
and once they are added to the larger sites they immediately gain more visibility and credibility
which is usually enough to cause the price of an altcoin to rise.
I don't think most people that invest in new coins even know who the developers are or do any background research,
its all based on hype and increase in volume/ price.
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I believe the main thing any of these coins need to do is give people a real reason to use them as an alternative to Bitcoin or any other coins.
For example, is your coin going to provide anonymous payments like Monero would?
How fast are your confirmation times, what are the mining rewards, what kind of network distribution do you have in comparison to Bitcoin?
Potcoin still has a lot of trading due to the hype and pump a couple weeks ago. Hopefully people stay interested in the project.
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Miners can always mine blocks, even after the block reward becomes zero. The number of blocks that can be mined is not limited - what is limited is just the number of blocks with rewards.
What will be interesting is how many miners keep their equipment mining BTC at this point and how many switch miners off/ to another coin, and the effect it has on the network, confirmation times etc. I'm not sure I've seen any information on the predicted effect this will have. |
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That's actually really interesting, I didn't know that information was available. I would be interested to know your (OGNasty) or anyone elses opinion on the Fed buying stock. Is this a necessary diversification of investments, a desperate attempt at stabilization, or something else? |
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It may make sense to buy some Bitcoin for any organization that has a large IT operation.
Many companies see computers, shared drives etc get hit by ransomware and they may not always have backups of that data.
(Especially if you are talking about individual users laptops etc)
I don't think that any of these companies are going to be buying and hoarding enough coins for it to make a difference in the price of BTC,
but its an interesting topic to discuss, at least.
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We will introduce XMR+XDN Merged mining. So users who are mining Monero will be able to mine XDN at the same time with the same computing power and receive both XMR and XDN block rewards.
I would be very interested if anyone could post info on how this works. I will see if I can dig up any information on Fantomcoin and Merged Mining. |
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We have records of the addresses holding the most coins but we're never going to know a proper legit bitcoin rich list. People have many addresses & we can't link one person to multiple addresses if there are no transactions between them on the blockchain.
Somebody might have multiple amounts of 2000 bitcoin's in 50 different addresses, that person wouldn show up on a bitcoin rich list.
Yes if I had millions of dollars invested I would definitely have it spread out over many addresses to make it harder to track. |
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Is there a site or tool that you can use to easily create an overlay comparison of two coins?
Would be interested to see what LTC value looks like during the major swings in BTC price.
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Fiat leak shows exchange traffic, and from what I've heard, a lot of the Chinese exchanges move coins around to increase their daily volume.
Still, there is definitely some accumulation going on in China.
I wouldn't be surprised if we hit $700 in the next few weeks.
Not sure what this means for the alt-coin market,
but it seems like recently it causes the major coins with high volumes of trading to lose a bit of value.
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While it is like comparing apples to oranges,
its still an interesting thing to think about, so I don't think there is a need to flame the OP.
I feel like by making some of these comparisons, we can think about where Bitcoin is presently, where we want to go, and modify the existing roadmap, if needed.
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You have to admit, that would be a pretty good scam if they pulled it off.
Take $65 million, claim you paid the "hacker" a 50% bug bounty and got the rest of the coins back.
Return $32.5 million to the customers. Keep $32.5 million that the hacker was supposedly paid.
My mind is still not made up about this whole situation.
But its very interesting and I definitely want to see where this is all going.
Maybe nowhere and the coins are never seen again.
Maybe some of the customers get some of their money back.
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So easy to make money from all the dips. It's so obvious that the whales are shaking weak hands since idiots always sell at the minimum dip. Since we are not whales, we can still make money by buying more bitcoin every time it dips. The uptrend continues as it has been since 2 years ago.
It seems like a pretty predictable pattern. Up $20-30 down $10-15 Up $20-30 I wouldn't be surprised if this happened until the $700-750 mark. |
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Whether it is instamine, 70 founders or trusted setup it doesn't matter to 99% here as long as they can make a dollar or two.
Yeah no one gives a shit about anything other than making a quick buck. This includes bot users and devs. That's why every exchange is nothing but a bunch of shitcoins getting pumped and dumped. But I feel bad for anyone who trusts Zcash to be anonymous. They are in for a bad time a few years for now when the Mossad shows up at their door. (Sorry to be the one posting the conspiracy theories LOL) |
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I like Burst.
The "Proof of Capacity" mining method uses free hard drive space to mine coins and needs much less power than other coins to mine.
It's an interesting approach. "Green" mining that doesn't require a ton of GPU or ASIC running all day generating a ton of heat is an interesting idea.
The dev team has integrated a lot of things into the wallet- mining/ faucets/ and lots of plans for the future.
They have a lot of cool ideas for sure.
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There are some interesting announcements in the last week or so.
Impending implementation of Segwit, Megaupload planning the use of Bitcoin with their Bitcache service,
if Segwit greatly improves the transaction time or Bitcache generates a lot of new users, we could see a huge jump in price,
or at least a slow and steady rise over the next year or two.
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Unless I had a website that could get me thousands of referrals of people that would use a Bitcoin faucet all day every day,
it wouldn't be worth my time for the fractions of a penny that a referral like that would generate.
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I'm trying to find more info on a point Matt Corallo brought up. Hopefully someone who knows a lot more about Bitcoin programming can explain this further- You keep calling flexible transactions “safer”, and yet you haven’t mentioned that the current codebase is riddled with blatant and massive security holes. For example, you seem to have misunderstood C++’s memory model – you would have no less than three out-of-bound, probably exploitable memory accesses in your 80-LoC deserialize method at https://github.com/bitcoinclassic/bitcoinclassic/blob/develop/src/primitives/transaction.cpp#L119 if you were to turn on flexible transactions (and I only reviewed that method for 2 minutes). If you want to propose an alternative to a community which has been in desperate need of fixes to many problems for several years, please do so with something which would not take at least a year to complete given a large team of qualified developers. |
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If you don't think bitcoin can be used for illegal activities then how do you explain all the darknet marketplaces that have been accepting bitcoin as payment since 2010, it's basically how bitcoin got it's start and the man we have to thank for that is currently being illegally held in a US jail (he should at least be on bail pending a retrial due to all the corruption in the case)
Yes its actually disappointing that the some of the agents investigating the Silk Road case are now in prison for stealing Bitcoin, yet Ross William Ulbricht remains in prison. (However, not surprising) If you have ever had the police get on the stand and testify against you, swear to tell the truth, and lie to the judge and jury, you will realize how helpless you are against the police state. Normal citizens have no rights once a person in a position of authority decides to use their power against you. |
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There has been a decent amount of LTC activity on some of the Chinese exchanges,
so I wouldn't be totally surprised to see a pump to 0.007 or 0.008 in the near future.
But there is probably an equal chance of the price sitting where it is for the next few months.
Is being a 5 year old coin with a stable price a totally terrible thing?
Everyone is looking for the hot new investment, but I guess there is something to be said for stability over a long period of time, even if its super boring.
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Not sure if its the devs or just the investors/ followers of Ethereum,
but there are some people doing some serious marketing which includes straight up lies and mudslinging,
basically anything to improve their position and hurt any competition they might have.
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