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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] UniCash | Retailers | Vouchers | Pegged | Official Launch in June | on: February 13, 2015, 05:15:10 AM
Uh... I have a few questions.

#1 "HOW" are you able to maintain a "peg" to any amount of FRNs, if you do not know how many exist?

#2 Am I going to be able to mine UniCash? If so, what algorithm does it use? Is it ASIC-"proof" or "friendly"?

#3 Will it be available for trade on the crypto-exchanges? If so, which ones have already pledged to offer your coin?

#4 Does this coin have a blockchain?

#5 How many total UniCash monetary units will there be in total?

#6 What is the confirmation time on UniCash?

#7 "HOW" will UniCash account for fluctuations in the unknown number of FRNs in circulation? Meaning, if the Federal Reserve goes back to
printing an additional 100 Billion FRNs per month, "HOW" will UniCash be able to maintain it's $3.50-$4.10 peg?

-Oz


Since dev is MIA, I will try to explain how this works.

1) He's not peggin anything. Dude is like 16 yr old.
2) You will be able to mine Unicash since it's a Foocoin clone.
3) Atomic Trade. Of course. They are probarbly adding it as we speak.
4) Yes.
5) Officially around 1 million. Unofficially 2 million.
6) Whats with all the fuckin questions? Are you a cop? You have to say so if you are. It's the law.
7) Price will be maintained by buy-backs. Dev promises to buy them back from you later on. Does it look like he was fuckin joking? No.


Uh... If the dev is already MIA.....how is he going to guarantee a buy-back when the Fed restarts QE? As for the questions, I'm a trader.... I do what I can to at least make an attempt to educate myself on possible investment opportunities.

-Oz
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] UniCash | Retailers | Vouchers | Pegged | Official Launch in June | on: February 13, 2015, 04:47:45 AM
Uh... I have a few questions.

#1 "HOW" are you able to maintain a "peg" to any amount of FRNs, if you do not know how many exist?

#2 Am I going to be able to mine UniCash? If so, what algorithm does it use? Is it ASIC-"proof" or "friendly"?

#3 Will it be available for trade on the crypto-exchanges? If so, which ones have already pledged to offer your coin?

#4 Does this coin have a blockchain?

#5 How many total UniCash monetary units will there be in total?

#6 What is the confirmation time on UniCash?

#7 "HOW" will UniCash account for fluctuations in the unknown number of FRNs in circulation? Meaning, if the Federal Reserve goes back to
printing an additional 100 Billion FRNs per month, "HOW" will UniCash be able to maintain it's $3.50-$4.10 peg?

-Oz
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Please do not trade on bittrex. Scammed too many times there. on: July 29, 2014, 12:46:33 AM
What if...just what if...

The exchanges are the ones making the coins...

You know aq sure fire way to tell? MINE SOME OF THE COINS! Try downloading and installing their wallets. If you can't get the wallet to install and run, if you can't get the miner to run, and/or havn't gotten any coins, CHANCES ARE IT'S A SCAM COIN! You want safe? Stick with FIAT, they are nice and regulated, although it will cost you an arm and a leg in fees and such to participate. Remember, there are no parents here, so do your fricken homework, or face the possibility of getting scammed!

-Oz
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Please do not trade on bittrex. Scammed too many times there. on: July 28, 2014, 08:20:11 PM
Hello all.
In the last couple of days, the community been scammed too many times.
We won't be scammed if exchanges will look closer onto coin before adding them.
My question is :
Does Bittrex getting money for adding the coins to the market ?
Why they do not check the code ?
Bittrex please take a responsibility !!!!!!!!!!!






Uh, how about YOU take some responsibility! Who bought the coins? Oh yeah, that was YOU! Who didn't sell before the coin crashed? Oh yeah, that was YOU! No doubt Bittrex would have some accountability if it could be proven that they were intentionally allowing scam-coins on to their exchange, but I kind of want to blame this one on you. I didn't lose any money on Elitecoin or Judgecoin, or whatever butt-coin it is that went cablooey in your portfolio, but that is because I usually stick to coins that have some history, coins I can check the distribution of miners, and volume of mining done, etc. If you are just chasing P&Ds (which can be fun and profitable) you are bound to get burned now and then. None the less, you are going about notifying other traders the right way, but I would change a few things. Like rather than accusing Bittrex (unless you have noted a distinct pattern of abuse, then what you should do is document all of the events, compile them into an article, and send it off to the billions of bitcoin news-sites that are budding up every 2 seconds... don't forget to add your BTC, LTC, DOGE, DRK or whatever coin wallet address at the end...traders like good research material ;-) ) I would note the coin in particular. If it is something being done by Bittrex, and can be proven, then by all means, document the actual events and .....

All I am saying is that regulators are looking for any excuse to get between us and our money. The trick is to know this, and to acknowledge that this space is free. There are going to be winners, and there are going to be losers. The difference about this market is that today's winners are not going to always be winners because the market was designed to keep them as winners. If they are still winning tomorrow, it is because they know what they are doing, do their research, study the market, and make moves they are confident in. Even then losses do occur, and today's prince CAN BE tomorrow's frog. So yeah, keep it coming, but please be more specific about what the activity is, and who you believe to be responsible (and consider that last factoid to be the most significant, because SOMEONE will consider what you have to say as actionable data, and no use killing the user-base of a perfectly good exchange due to the bad acts of some asshole devs...that Bittrex probably had no knowledge or control over....think about it this way, they could have just let trade keep happening despite the problems being reported...if ill-intent was the goal, that's what I would have done!).

1PZG6XSqRSw7Qejo5S2Rs3nkskEizbCkvk
5  Economy / Speculation / Re: Where's all the optimists? on: February 13, 2014, 04:25:11 PM
I can't speak for others in the Bitcoinverse, but I simply "don't care". You want to hear me say it will go up? OK, it will go up. How about I say that it is going to tank and most of you tards are going to lose your butts selling into the freefall? Either or both could be happening right at this very moment. Do you know how much control I have over it? About as much as the Federal Reserve and US Treasury do, whish is to say NONE AT ALL And that is the way it should stay.

You want some optimism? Here you go. Can you imagine how the dollar would have fared the latest transaction maeliability issue? I think that the Federal Reserve would have kept their mouths shut about it while they figured out a way to exploit the bug with maximum efficiency. Bitcoin is not going to tank. And if I'm wrong and BTC goes back down to single digits, and some "big whale" comes along and vacu-sucks every available Satoshi, I will not care, because I know the network will crank out another Bitcoin within 5 to10 minutes.

-Oz
6  Bitcoin / Bitcoin Discussion / Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws) on: February 13, 2014, 08:14:54 AM
I really wish people would grow up. Liberating ourselves of the onerous obligations and !imitations induced on our economy by our forced participation in the Federal Reserve's monetary monopoly is at hand, and tards want to allow the federal government to regulate it! Ha! The Bitcoin network is the single largest concentration of computing power on Earth. It's "owners" are everyone involved in mining and transacting in Bitcoin. Therefore everyone else (including any governments that think they have a right to regulate it)  can go pound sand as far as I am concerned. Bitcoin has thus far endured at least 3 major similar challenges, and has come back better, stronger, and more secure every time!  It is also worth noting that the detection, assessment and resolution of ALL SUCH PREVIOUS EVENTS, TOOK PLACE SANS ANY INVOLVEMENT OF A FEDERAL OR STATE AGENCY!

The members of the network have a vested interest in the proper function of Bitcoin and other cryptocurrencies. If left to us many of the useless governing bodies we employ just to justify taxing yourselves will lose their meaning and purpose.....Boohoo. I think the private market can figure out better uses for those funds...Don't you?

-Oz
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