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If you don't like this coin, please there is the door... no one needs to listen to these accusation. And you seems to think that a 51% attack is so easy and everyone could pull it off.
Why is a suggestion on block pay or security concerns proof I don't like the coin or an accusation? Just because I don't agree with you or a majority of coin speculators doesn't mean I dislike this coin. And I'm not sure what exactly I accused anyone of. I'd really like to know how a block reward of 4 coins is some how an ASIC defense, I've been thinking about it and maybe it was the beers last night but I don't get it. The smaller the total net hash is the easier a coin is to attack, and while it is not the easiest thing to do, having a coin where you could represent 60 or 70% of the total net hash does make it easier. The future halving to 4 coins/block is not going to magically create more net hash. The next halving will only destroy net hash for the same reason house painters don't paint houses for free. Because house painters and hash providers provide value in exchange for value. Sure you can mine coinX sell it and buy KDC, but unless you can purchase thousands of KDC a day I don't think you'll be able to raise the coins value to bring the 300 or 400 MH/s you need to have a secure coin when the pay is only 4 or 8 coins per block. |
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There is no need to rush this hard-fork... Fuse will need a day or two to double check the code.
At this point, no one is going to use this exploit against KDC... at a network hash-rate of less than 100Mh/s... a straight up 51% attack would be easier and a guaranteed success compared the aggro of a using the KGW exploit. The exploit is most attractive for attacking networks where a 51% attack is not possible, because the KGW exploit only needs about 10% of the network hash-rate to be effective, so it makes the big networks vulnerable.
In the case of KDC, a 51% attack is instant and effective... and not much hash-rate would be needed... in fact... I could launch a 51% by myself at the moment with ease.
So more important to take the time to ensure the fix is implemented properly, add a few checkpoints, and make sure the hard fork is deployed after a considerable publicity and notice to all exchanges, merchants, users, and miners than rushing it because of the fear of being exploited.
If there is going to be another hard fork perhaps we should rethink the block payout... Hash is king and you have to pay for it.  I would suggest a fixed reward for all future blocks (no halving). Remember the more blocks hashed the less dilutive a payout is. why not 88? http://en.wikipedia.org/wiki/88_(number) reward is 8 and price is around 1500-1800 .... so u want make it 88 .... where is your brains ? My brain is on the meager 60Mh/s and the security of the coin. Where else should your brain be? 88 coins a minute buys you a few hundred Mh/s even at lower prices. It's not like 88 payout tanks the coin 80%. The more blocks that are produced the less inflation a new block creates. Unless of course you want a coin with 20Mh/s NET HASH and anyone with time to kill can 51% attack your coin... Don't focus on the price, worry about the underpinnings. Lol you are the one who are most focused on the price, you turned off your rigs because you hadn't enough profit. And my potential hash is not applied to any coin. Who wins? no one. I would mine a coin valued at 1 satoshi if it was worth the effort. I don't give two shits about the actual price, I just care about the exchange of my hash for equitable value. Call me the evil scum of the earth for being a profit miner until your blue in the face and your coin withers to an unsecure hash rate, I could care less. This is just a side hobby / educational experience for me, I made a suggestion on block payout to improve the net hash. What ideas do you have besides bad mouthing someone who just wants to be paid for their work? A lot of stupid, shortsighted ideas havecome up - and been implemented - on this thread, more than most other coins. The block reward should NEVER have been dropped from 77 to 16. That showed such brutal disregard for every miner that might join KDC from that point on, and has nearly killed the coin. Why not 44 or 33, why the hell 16? Why didn't ANYONE stop such a foolhardy change? Greed, that's why. This guy is right, the reward is not much of a reward, and the suffering hashrate proves it... This was done because of the coming ASIC's if you have no idea why we need to protect investors then you have no idea of a economic market. All this crying are the miners that can't do ROI their hardware anymore. The reward is good as it is now. Because at these times not the profitable coin will count, no in these times all the people that do not support this coin will go to other coins and this will be a good thing. You are just parasites trying to get the last btc you can out of any coin and you deserve to starve. I know that you think that securing the blockchain is a need and i agree with you but not while this coin is still growing. In the first days you could easily do a 51% on bitcoin and it did not happen. Why ? Because it is not profitable Period! Just throwing out ideas. No one is crying. People will 51% attack you because they can, just like street artist tag. If you don't secure your coin you will loose your investment/investors whatever. Reducing the block pay as a defense against ASICs? Could someone explain that to me please? The real cry babies are the bag holders who wrongly feel threatened by a block pay that supports a secure block chain. What happened in the early days of Bitcoin is irrelevant in today's environment. No one is going to listen to me regardless, so this experiment will play out 'your way' and we will observe the outcome in the months ahead. My prediction is the current path will lead to the coins demise. |
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There is no need to rush this hard-fork... Fuse will need a day or two to double check the code.
At this point, no one is going to use this exploit against KDC... at a network hash-rate of less than 100Mh/s... a straight up 51% attack would be easier and a guaranteed success compared the aggro of a using the KGW exploit. The exploit is most attractive for attacking networks where a 51% attack is not possible, because the KGW exploit only needs about 10% of the network hash-rate to be effective, so it makes the big networks vulnerable.
In the case of KDC, a 51% attack is instant and effective... and not much hash-rate would be needed... in fact... I could launch a 51% by myself at the moment with ease.
So more important to take the time to ensure the fix is implemented properly, add a few checkpoints, and make sure the hard fork is deployed after a considerable publicity and notice to all exchanges, merchants, users, and miners than rushing it because of the fear of being exploited.
If there is going to be another hard fork perhaps we should rethink the block payout... Hash is king and you have to pay for it. I would suggest a fixed reward for all future blocks (no halving). Remember the more blocks hashed the less dilutive a payout is. why not 88? http://en.wikipedia.org/wiki/88_(number) reward is 8 and price is around 1500-1800 .... so u want make it 88 .... where is your brains ? My brain is on the meager 60Mh/s and the security of the coin. Where else should your brain be? 88 coins a minute buys you a few hundred Mh/s even at lower prices. It's not like 88 payout tanks the coin 80%. The more blocks that are produced the less inflation a new block creates. Unless of course you want a coin with 20Mh/s NET HASH and anyone with time to kill can 51% attack your coin... Don't focus on the price, worry about the underpinnings. Lol you are the one who are most focused on the price, you turned off your rigs because you hadn't enough profit. And my potential hash is not applied to any coin. Who wins? no one. I would mine a coin valued at 1 satoshi if it was worth the effort. I don't give two shits about the actual price, I just care about the exchange of my hash for equitable value. Call me the evil scum of the earth for being a profit miner until your blue in the face and your coin withers to an unsecure hash rate, I could care less. This is just a side hobby / educational experience for me, I made a suggestion on block payout to improve the net hash. What ideas do you have besides bad mouthing someone who just wants to be paid for their work? |
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There is no need to rush this hard-fork... Fuse will need a day or two to double check the code.
At this point, no one is going to use this exploit against KDC... at a network hash-rate of less than 100Mh/s... a straight up 51% attack would be easier and a guaranteed success compared the aggro of a using the KGW exploit. The exploit is most attractive for attacking networks where a 51% attack is not possible, because the KGW exploit only needs about 10% of the network hash-rate to be effective, so it makes the big networks vulnerable.
In the case of KDC, a 51% attack is instant and effective... and not much hash-rate would be needed... in fact... I could launch a 51% by myself at the moment with ease.
So more important to take the time to ensure the fix is implemented properly, add a few checkpoints, and make sure the hard fork is deployed after a considerable publicity and notice to all exchanges, merchants, users, and miners than rushing it because of the fear of being exploited.
If there is going to be another hard fork perhaps we should rethink the block payout... Hash is king and you have to pay for it. I would suggest a fixed reward for all future blocks (no halving). Remember the more blocks hashed the less dilutive a payout is. why not 88? http://en.wikipedia.org/wiki/88_(number) reward is 8 and price is around 1500-1800 .... so u want make it 88 .... where is your brains ? My brain is on the meager 60Mh/s and the security of the coin. Where else should your brain be? 88 coins a minute buys you a few hundred Mh/s even at lower prices. It's not like 88 payout tanks the coin 80%. The more blocks that are produced the less inflation a new block creates. Unless of course you want a coin with 20Mh/s NET HASH and anyone with time to kill can 51% attack your coin... Don't focus on the price, worry about the underpinnings. |
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There is no need to rush this hard-fork... Fuse will need a day or two to double check the code.
At this point, no one is going to use this exploit against KDC... at a network hash-rate of less than 100Mh/s... a straight up 51% attack would be easier and a guaranteed success compared the aggro of a using the KGW exploit. The exploit is most attractive for attacking networks where a 51% attack is not possible, because the KGW exploit only needs about 10% of the network hash-rate to be effective, so it makes the big networks vulnerable.
In the case of KDC, a 51% attack is instant and effective... and not much hash-rate would be needed... in fact... I could launch a 51% by myself at the moment with ease.
So more important to take the time to ensure the fix is implemented properly, add a few checkpoints, and make sure the hard fork is deployed after a considerable publicity and notice to all exchanges, merchants, users, and miners than rushing it because of the fear of being exploited.
If there is going to be another hard fork perhaps we should rethink the block payout... Hash is king and you have to pay for it. I would suggest a fixed reward for all future blocks (no halving). Remember the more blocks hashed the less dilutive a payout is. why not 88? http://en.wikipedia.org/wiki/88_(number) |
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im up to 75,000, 15k mined and rest bought
Would you mind disclosing the average price paid for your 50k KDC? For educational purposes |
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u can put your rigs into another coin .... and buy kdc .... thats what i do
yes it is a good solution given the price Only if your goal was to hold a bunch of coin with a sub 60 Mh/s NET HASH. In all seriousness would you call that a secure coin? With a block reward of 8 or 4 what are the prospects of a higher hash in the future? Assume that the devs were 150% behind the coin and the current price was 5x, 10x these levels. The answer to those two questions is still No, and No. I'm not mining any coin... And I am coin agnostic in regards to what used to be a basket of 10, probably closer to 4 now. Just in time for spring/summer Who knows what the fall will bring. I'm sure it will be a completely different landscape. |
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8 coins a block with a coin value of 1200 and still nearly 80 Mh/s.
It's the community that won't die!!!
I've lost count of the days since I've turned my rigs off... It's so quiet...
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Miners work (provide hashrate) for a paycheck (BTC, Fiat, whocares). No miners no hash, no hash no coin.
But its too easy to bash the for profit miner. We are about to see what happens when the for profits bow out.
A coin that can't weather SELL orders at the BID is a coin that can not survive!!
I love the fact that jackdminer is upset it isn't worthwhile for him to mine KDC to dump it on the exchanges. This is excellent news!! Woot! The rest of us are mining because we believe in the final price of the coin. If jackdminer was around when Bitcoin was trading at 25 cents, perhaps he would have complained it wasn't high enough for him to mine either. If jackdminer has short-sighted problems on a coin's long-term future, that's his problem. Go mine and dump someone else's coin jack. That's right KDC isn't your ticket for a paycheck anymore. Bye Bye I'm not upset about the value of KDC or any other coin. I get upset whenever for profit miners are blamed for a coins price as if we provide nothing in return and leech off the efforts of others. Coins are designed to pay for hash rate... Embrace it! |
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In all fairness there is NO COIN worth GPU mining at the moment... Going on day 4 or 5 with no mining.
It is because you always think, what would you get if you sell it every day or week. Miners don't support the coins anymore and this is why everything is going down. Everyone just want their "Fiat". Miners work (provide hashrate) for a paycheck (BTC, Fiat, whocares). No miners no hash, no hash no coin. But its too easy to bash the for profit miner. We are about to see what happens when the for profits bow out. A coin that can't weather SELL orders at the BID is a coin that can not survive!! |
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In all fairness there is NO COIN worth GPU mining at the moment... Going on day 4 or 5 with no mining.
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So this is the sound of silence. No mining for 72 hrs or so now... Is this the beginning of the shakeout?
Let the battle of the hash rate begin!!! The listed coins with zero BIDS at any price is growing by the day!!!
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Why don't we consider switching to X11? Be one of the first two do it. EMC2 is working on it now.
Anything but scrypt. Stay ahead of the ASICs. |
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Some KDC people were so nice to me about Citizen coin, i was planning to donate some euros for the trip to New York, but i don't know anymore... first of all i do have the right to invest in several coins, don't I? Second, i have right right to change my signature, don't I? Third, why should i not post any messages on other threads? Fourth, if i didn't check other threads then there was no altoutlet.com or a few other sites. I'm not a dedicated person to Klondike coin, i'm a person that want to make sure that my investment returns money, and if i'm investing money in several coins then i help those several coins.
What was it you said you lost 80% BTC value over the past week(s)? Your investments seem really good. The reason for me attacking you is because I told you long ago, DO NOT jump from coin to coin because it makes you look like a retard and I am sticking to that. You just dont make yourself look bad put you leave a mark on a coin. You were apointed a community leader for gods sake and suddenly you are on a different coin. That makes it look like we do very good decisions... really two thumbs up... The "work" you did for kdc was barely anything else besides copy and pasting an email to stores accepting coinpayments but not KDC, wouldnt take long without your work for them to do that anyway. I never saw you as a community leader because you never stepped up and really did anything important. Keep on jumping from coin to coin it seems to be good for you. I think you got it all wrong.... Several people serve on the boards of multiple companies, and those companies are better for it. In the world of crypto coins I can't say that supporting one coin is a conflict to the support of another. It's just a passion / hobby for most. I doubt anyone seriously 'invest' in altcoins, it's all speculation! The guy put in effort beyond mining and selling... Way to throw one of your cheerleaders under the bus! But you'll never see this since in your narrow minded view you thought it wise to block me... LOL! |
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Some KDC people were so nice to me about Citizen coin, i was planning to donate some euros for the trip to New York, but i don't know anymore... first of all i do have the right to invest in several coins, don't I? Second, i have right right to change my signature, don't I? Third, why should i not post any messages on other threads? Fourth, if i didn't check other threads then there was no altoutlet.com or a few other sites. I'm not a dedicated person to Klondike coin, i'm a person that want to make sure that my investment returns money, and if i'm investing money in several coins then i help those several coins.
+1 |
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is there really a multipool on this coin?? gtfo.. we dont need you too ruin are chances again..   It looks more like that a group of scrypt-asics are mining this coin. How can you say that?? The NET HASH of this coin is down 1/4 from late last week 150 from 200. Is that statement some assumption based on price? |
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Maybe US guys are sleeping now?
You have to wait until Monday for the real volume to happen. A lot of trade volume happens during the week. When regular stock brokers are bored at work on Wallstreet, they play the cryptocurrency daily trading game with a few thousand dollars. It's like a flash facebook game for them. Trading cryptocoins is like a video game for them. On Saturday and Sunday, their wives tell them to stay off the computer. You will see KDC trade volume on Cryptsy change in the next 7-10 days for sure. A wife or girlfriend who tries to stop a trader from trading does not remain a wife or girlfriend of a trader for long! |
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How can you be a BEAR in a market where you cannot establish a short position?
Your either BUYING to OPEN (BULL) or SELLING to CLOSE (NEUTRAL). No market I have seen allows you to SELL to OPEN (BEAR). If you cannot SELL which you do not own you cannot SHORT, if you cannot sell SHORT you cannot be a BEAR!! Of course in the world of ALT COINS you can also 'mine to open' but since your a net holder of the underlying (coins) your technically LONG making you a BULL.
A BEAR in true terms sells first to open a position and buys back to close a position hopefully at a lower price so he can profit. If he buys back at a higher price he takes a loss.
Being short or long is about the trade/position you take. Being bear is about the opinion you have. So yes you can be bear on a market that cannot be shorted. It just means that in your opinion the price of the asset will go down. For example you can even say a news is bearish for a market and as far as I know, news dont put on trades : people do. Correct, you can have a bearish opinion but there is no mechanism to deploy to profit from or express such an opinion in the market if you can not sell to open. Bears can not influence price when the market order mechanism is one sided. This is why politicians always want to ban short selling when the shit hits the fan. You don't seem to have a very firm grasp for how markets work. Short selling has zero to do with the price of anything, its just someone betting that the price of whatever you are selling short will go down at some point in the future. However, if the majority of a market has a bearish attitude then that decreases the number of buyers in that market, while also increasing the number of sellers, and thus prices go down. There are less buyers because most rational people will not purchase something they believe is going to go down in value and more people will sell because they believe they can get in cheaper in the future. From investopedia: Definition of 'Bear Market'
A market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment to be self-sustaining. As investors anticipate losses in a bear market and selling continues, pessimism only grows. ...short selling has nothing to do with price movement... Now that's the funniest thing I have heard all day... That might be true if your trading 10 lots of SPY. It's not my market knowledge I'd question with a statement like that! AIG, FRE,FNM, AND C didn't crash and burn 5 years ago because longs sold, or no buyers were in sight. No those stocks cratered because they were borrowed and sold... Actually several firms didn't even secure the borrow and shorted positions they had no right to. Short selling certainly can impact price, but what do I know! LOL. You obviously have no clue how markets work or a flawed understanding of causality. Those stocks cratered because of the panic caused by the financial crisis and their exposure to subprime mortgages, credit default swaps, the collapse of the housing market, etc. This caused market sentiment to turn against those companies and there were more sellers than buyers which in turn caused the price to go down. Even an intro. economics class would have taught you about supply and demand. Short selling will increase during a bear market, but thats doesn't mean that short selling was the cause. In fact, its the exact opposite by definition. People don't short stocks if they believe the price is going to increase (i.e. they are bullish.) They short a stock when they believe the price is going to decrease (i.e. they are bearish.) If only the real world would fit those simple textbook definitions. http://necsi.edu/research/economics/bearraid.pdf |
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How can you be a BEAR in a market where you cannot establish a short position?
Your either BUYING to OPEN (BULL) or SELLING to CLOSE (NEUTRAL). No market I have seen allows you to SELL to OPEN (BEAR). If you cannot SELL which you do not own you cannot SHORT, if you cannot sell SHORT you cannot be a BEAR!! Of course in the world of ALT COINS you can also 'mine to open' but since your a net holder of the underlying (coins) your technically LONG making you a BULL.
A BEAR in true terms sells first to open a position and buys back to close a position hopefully at a lower price so he can profit. If he buys back at a higher price he takes a loss.
Being short or long is about the trade/position you take. Being bear is about the opinion you have. So yes you can be bear on a market that cannot be shorted. It just means that in your opinion the price of the asset will go down. For example you can even say a news is bearish for a market and as far as I know, news dont put on trades : people do. Correct, you can have a bearish opinion but there is no mechanism to deploy to profit from or express such an opinion in the market if you can not sell to open. Bears can not influence price when the market order mechanism is one sided. This is why politicians always want to ban short selling when the shit hits the fan. You don't seem to have a very firm grasp for how markets work. Short selling has zero to do with the price of anything, its just someone betting that the price of whatever you are selling short will go down at some point in the future. However, if the majority of a market has a bearish attitude then that decreases the number of buyers in that market, while also increasing the number of sellers, and thus prices go down. There are less buyers because most rational people will not purchase something they believe is going to go down in value and more people will sell because they believe they can get in cheaper in the future. From investopedia: Definition of 'Bear Market'
A market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment to be self-sustaining. As investors anticipate losses in a bear market and selling continues, pessimism only grows. ...short selling has nothing to do with price movement... Now that's the funniest thing I have heard all day... That might be true if your trading 10 lots of SPY. It's not my market knowledge I'd question with a statement like that! AIG, FRE,FNM, AND C didn't crash and burn 5 years ago because longs sold, or no buyers were in sight. No those stocks cratered because they were borrowed and sold... Actually several firms didn't even secure the borrow and shorted positions they had no right to. Short selling certainly can impact price, but what do I know! LOL. |
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How can you be a BEAR in a market where you cannot establish a short position?
Your either BUYING to OPEN (BULL) or SELLING to CLOSE (NEUTRAL). No market I have seen allows you to SELL to OPEN (BEAR). If you cannot SELL which you do not own you cannot SHORT, if you cannot sell SHORT you cannot be a BEAR!! Of course in the world of ALT COINS you can also 'mine to open' but since your a net holder of the underlying (coins) your technically LONG making you a BULL.
A BEAR in true terms sells first to open a position and buys back to close a position hopefully at a lower price so he can profit. If he buys back at a higher price he takes a loss.
Being short or long is about the trade/position you take. Being bear is about the opinion you have. So yes you can be bear on a market that cannot be shorted. It just means that in your opinion the price of the asset will go down. For example you can even say a news is bearish for a market and as far as I know, news dont put on trades : people do. Correct, you can have a bearish opinion but there is no mechanism to deploy to profit from or express such an opinion in the market if you can not sell to open. Bears can not influence price when the market order mechanism is one sided. This is why politicians always want to ban short selling when the shit hits the fan. |
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