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I do not only have a negative balance (I know were that is comming from  ) but the site shows as "mirror image" strange bug...  edit: I did not create a new game... Same thing happening to me on Chrome |
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Also keep in mind that all of the alt coins (save Litecoin) are pretty much pegged to the value of bitcoin. So if bitcoin goes down by 15% all other coins will go down 15% as well. In fact, alt-coins are doing worse because cashing out is a two step process. For someone looking to sell they first sell alt coins to bitcoin (driving down the btc/alt price) then sell btc for fiat.
They are correlated assets.
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No. Zerocoin will be released as an independent coin in 2014. no one knows "anonymouscoin".... i guess its a pre-mined scam coin  ? and its not even anonymous at all. the devs of Zerocoin are smart guys. they have worked on this coin since 1 year or more. its not a simple fork like most other scam coins. if they do a fair start, with no pre-mining (what i exspect!), good algorithm security, limited supply, then it could be a good coin and maybe the third valuable. ---------------- @ surfer43 maybe ZCN  and you will be able to mine them in 2014 i guess Even if Zerocoin is released as an altcoin, it is open source and will be added to Anoncoin as well. That article was from Dec 12, and the Anoncoin team recently added a developer specifically for Zerocoin integration. My guess is Zerocoin won't be a unique alt coin, but will exist on the same block chain as ANC |
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Yes it is possible at this point. The dev has been pretty active on the forum but under a pseudonym, so not a big reputation backing it. Additionally the source code is closed at this point so no security audits are possible.
I'm not suggesting it is likely that it is a scam, but it is possible.
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They crashed harder than btc but also went up faster on the rebound.
They are a very correlated asset. As people want to cash out into fiat they first sell off their alt coins to consolidate in btc, then sell btc for cash. Not to mention the price of alts is tied directly to btc. Altcoins dropping quickly in price is probably a good indicator of a downturn in bitcoin |
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I think it's more likely that peer-to-peer states will come into existence. These p2p states would have the capability to create their own coins or to be non-monetary sovereign and elect to use btc or any cryptocurrency as their state currency.
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Would everyone on the network be able to predict which user will create the next block? If individuals can predict when they will create a block then they can cause a bit of trouble. Users can't single handedly create an alternate chain, but if they had a small group of individuals buy almost the same amount of coins at the same time (to start timer), they would potentially create blocks in order. This could allow a small group of individuals to create their own malicious chain to take advantage of the system.
There is a very high chance I don't understand your paper well enough to comment, but the above is something I was thinking about and wanted to share.
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Provide a convincing cover story. You know that story about a fixed supply of 21 million coins? That fearful creator who disappeared? The highly convoluted decentralised and trust-free structure, the Bitcoin Rube Goldberg machine, because centralisation is evil? It's a stroke of genius from a marketing point of view (assuming it wasn't all a hilarious cosmic accident).
Whatever alternative you promote, like:
--demurrage or perpetual inflation
--some element of centrally planned spending that covers more than just network maintenance.
--smarter inflation that dis-empowers speculators,
or some balanced combination, you'll probably find that at best you'll get a lukewarm reception (think: polite clapping) from a small number of pragmatic, reasonable people who stumble upon your idea. But you won't gain traction unless you rally some religious fervour to give your cause a kick-start and also give it protective padding against growth pains. You really need to figure this out.
At Freicoin we hope to stir up some righteous fervor over Usury, it is after all the one sin condemned by Moses, Jesus, Mohammad and Buddha. Impaler: How does demurrage affect interest on loans? It seems like there is built in incentive to lend due to the carrying cost of money. Could loans of 0% interest be mutually beneficial assuming the existence of collateral? |
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If this proves workable it will solve some substantial problems for new coins. Well done!
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I had not looked at Quark before. I thought it was just another scum coin. That looks very interesting indeed. A coin with a USP focused on security is definitely a niche. Of course there's the likes of Cryptogenic Bullion which strive to be extra-secure, but I don't think they have actually made any differences to the base scrypt coin other than increase the confirmations requirements.
I would caution against Quark. With 98% of the units mined Quark is uniquely vulnerable to a 51% attack. Quark's market cap was so small during the mining phase that ASIC miners were never built. The market cap is now huge but there aren't substantial incentives to develop ASICs for mining with only 2% of coins remaining. On the other hand, a bad actor would have incentive to develop ASICs to gain 51% of the market network. That entity would then perform as much double spending as possible, gobbling up bitcoin/alts in the mean time. |
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Sent 2 btc. GL with the launch!
Tx: d5d00bc11ca2a5b745154ce5e79fcf74909074c80d55bf3a3e16d9aa39957681
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At this point BTC has such a large lead in the network effect that the only reason to buy any alt coin is if you think it will outperform Bitcoin. So will PPC outperform BTC? As the main difference is PoS v PoW the question becomes "will Bitcoin's PoW model ever cause risk to its overall adoption?"
Why the answer might be yes: organized 51% attack from a large pool, NSA or other body corrupting ASIC hardware, or a technological advance that obsoletes ASICs but is held by a small party.
The third can be written off at this point as it isn't a risk in any reasonable time frame. The second isn't much risk as most ASIC manufacturing happens outside the US, and is distributed between multiple continents. Could a coordinated group of miners pull off a 51% attack? I suppose they could but I don't think they would due to the fact that they would be killing the goose that lays the golden egg. Even if those miners invested heavily in another coin, destroying BTC at this point would endanger the whole cryptocoin ecosystem. To me PPC isn't a hedge against BTC
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