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Intresting development, looks like a lifetime contract. Ill buy some but i dont expect to make much profit unless btc diff drops
If btc diff drops that much, then there is probably something seriously wrong that will cause the price to drop, so, what I'm trying to say is that there is about a 0.00000001% chance that these things will be profitable. It seems that the market is starting to "quiet down" in the sense that prices are lowering. But even at the current prices, a lot has to happen to make ROI on these contracts. You never know though, Cryptsy could change the function of these shares to somehow make them actually "profitable." I can't believe how many people here think this. As long as the price of your shares don't drop in value, ANY return is profit. There are no sunk costs at all. You need a ROI that exceeds the cost of the hardware only when doing the mining yourself, because you won't be able to sell the miner for the same price you paid for it. Just watch the share prices, and sell if the price drops lower than your purchase price with accrued interest. It's like buying a bond: The vast majority of bonds that people buy offer MUCH lower interest rates. That is "if" you sell it for an equal or higher price of what you buy it for. But I don't see people being able to sell shares that they buy at .0275 for the same price in the future. The implicit assumption is that you buy a share with the intent of making a return after all transactions. As for a bond, "profits" aren't "realized" until time of redemption. In this case, it's when you sell your share (or when the value of the fixed income passes the original purchase price). The difference is that there is no guarantee you will sell your share for the amount that you bought it for. If you think the price of the share will drop substantially, then it would make no sense to buy it. I think the price will stay above .0200 which was my purchase price, for the medium term. All you need to do is set your shares to sell if they fall beyond a certain price. It's incredibly easy. Every payment I get is pure profit. |
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Intresting development, looks like a lifetime contract. Ill buy some but i dont expect to make much profit unless btc diff drops
If btc diff drops that much, then there is probably something seriously wrong that will cause the price to drop, so, what I'm trying to say is that there is about a 0.00000001% chance that these things will be profitable. It seems that the market is starting to "quiet down" in the sense that prices are lowering. But even at the current prices, a lot has to happen to make ROI on these contracts. You never know though, Cryptsy could change the function of these shares to somehow make them actually "profitable." I can't believe how many people here think this. As long as the price of your shares don't drop in value, ANY return is profit. There are no sunk costs at all. You need a ROI that exceeds the cost of the hardware only when doing the mining yourself, because you won't be able to sell the miner for the same price you paid for it. Just watch the share prices, and sell if the price drops lower than your purchase price with accrued interest. It's like buying a bond: The vast majority of bonds that people buy offer MUCH lower interest rates. |
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Haha, I love how the guy is such a loser in real life, in his mind 2.4 BTC is enough to go on a trip around Europe. Probably works at McDonalds and dreams of shitty amounts like 2.4 BTC. It will run out very quickly then back to your dirt poor life mate ;-) If only you and mummy had an education!
Are you kidding, he's laying out the plans for his next shitcoin IPO I can't blame him to be honest. As long as people keep sending their BTC's to random people off the internet, who've made a post on a forum saying they're releasing a new cryptocurrency, then it's a pretty amazing business model. Lets just say I have made over 10 BTC in the past week from "donations" So a shitty attempt at money laundering? |
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Coin Mixing
Stablecoin (in progress)
FedoraCoin (complete)
CoinJoin
Darkcoin (in progress)
zero-knowledge proofs
zerocoin (in progress)
transferring coins using the darknets only
anoncoin (complete)
I thought anoncoin was working on implementing zerocoin, and still a month away from completion. Also, why do you think darkcoin has been so well received, but Fedoracoin (Tips) has yet to see a price bump even though they are the 1st to introduce truly anonymous transactions. The name certainly doesn't help. I thought it was a joke/shit coin up until now, so I didn't even bother to research what it was. It comes as a complete surprise to me that it actually offers something useful. |
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Well damn. I wanted to see how this coin worked in practice. Even if he gets it going later, it won't be worth it anymore, now that we see what kind of developer this is.
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stop adding more coins the volume on your exchange is horrible enough , why spread the low volume between even more shit coins ?
remove quark and feathercoin
bonus tip : remove that shit banner of dogecoin and stop scaring away real investors making the whole site look like a joke.
Coin to coin should attract a lot more volume, IF, and that is a big IF, they lower the fees on those trades. VoS is doing everything right to bring in volume, with the ONE exception that hinders it all, and that is absolutely fucking absurd fees. Yes, there are other exchanges with decent volume who have high fees, but they were able to get to that position because they started earlier when higher fees were the norm. The strategies that worked for him, worked because of timing. |
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I'd like to vote for Darkcoin and Vertcoin. Darkcoin, because it offers better anonymity. Vertcoin, because it is the most ASIC resistent coin, and has a means of preventing the development of ASIC's in the future. I think that gives it long term potential.
Third, although it isn't released yet, it would be great to have Zerocoin added when it gets released in May. It will offer even better anonymity than Darkcoin, and Zerocoin has been in development for quite a long time now, with many very talented developers. There has been a lot of buzz around it for a good year now.
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I made two withdrawals yesterday that show as finished, but are still not on the blockchain.
You joined the forum 15 minutes ago and this is your first post? Are you affiliated with MtGox? Name: vossen Posts: 1 Activity: 0 Position: Brand new Date Registered: Today at 04:46:24 PM Last Active: Today at 05:01:19 PM I was linked here from the reddit thread about this. My account there is lookingatyourcock. http://www.reddit.com/r/Bitcoin/comments/1xlst7/bitstamp_btc_withdrawal_problem/cfchkhp |
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It's probably going to be all right, but I wish they'd post a statement or something. Also, for a few hours I suspected I'd misspelled the wallet address somehow, and there is no way to verify on Bitstamp which address I used.
You didn't get a confirmation e-mail that shows the address you sent to? |
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I made two withdrawals yesterday that show as finished, but are still not on the blockchain.
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