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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIPO]RipoffCoin: The most honest scam you have ever seen[Bittrex][PoD5+] on: September 07, 2014, 04:02:11 PM
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: LATIUM on: July 13, 2014, 03:42:38 AM
Introducing Latium: Latium is the first Cyrpto Currency to utilize a non-technical deployment network. Latium cannot be mined, but can be acquired simply by signing up. There is no catch: you sign up, you get coins. Visit http://www.Latium.cc

I'm sure if I read everything I can find the answers. But can somebody help with basic explanations?

-I signed up like 2 months ago and I still can't get in because my user account has not been approved yet. Will I end up waiting forever?
-Is it 5 free coins for every person on the planet, but then only one person per household? So everybody on the planet has to live by themselves in their own house to get everybody's coins to them?
-I got some LAT at Allcrypt. Sent them to my wallet and it worked fine. Then Allcrypt moved to a new server when I got some more LAT. Sent them to my wallet and this time I never saw them. My wallet is version 0.7.3.0 and I was told to upgrade to the same version that Allcrypt uses, V.1.8. That is a version I cannot find anywhere.

Where does a Latium wallet version 1.8 come from?
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] VGC - VegasCoin on: June 09, 2014, 02:14:57 AM

I hope your right. I have been thinking this is a long term coin but even long term coins need some growth otherwise they fade away. I really like the idea and if they pull this off that would be great. I just have a hard time believing any descent size business will want to use a no name small community coin. I hope they pull this out like i originally thought.

I hate Bitcoin very much but I'm willing to give VegsCoin my support at this time because it has potential exactly as the founders have imagined. I absolutely believe it will draw marketing attention.

Casinos ban their employees from being customers and employees at the same time. Whereas banks can consider it to be an act of dishonesty if an employee doesn't use the company's financial service products. In my opinion, Vegas should run the exchanges and banks should develop financial service products and merchant services. In my opinion, this could be better customer service ethics.

If it was me, I think it is better to find casinos to open USD/VGC exchanges and then let banks outside of Las Vegas worry about making the financial services products. Marketing is the gold mine to be found in VegasCoin. It would really help if the city could get involved here with municipal backing. My question is, can the city remint the VegasCoin with a small city muni bond? Can the new coin have laws, regulations, oversight and customer service? I think it would be a good way to keep the currency centralized in the city where everybody wants to go. And it would also allow financial services and pinpoint marketing outside of the city limits.

As far as growth, my first impression is that growth is an illusion. If Bitcoin crashes and loses half it's value, then it will cause the price of VegasCoin to grows twice as high. But VegasCoin didn't ever grow in terms of United States Dollars. Bitcoin crashed, that's all.

The immediate step is to maybe find a way to build a cash for VGC exchange and a way to keep those exchanges in the city limits. Until then, I think VGC and BTC are on opposite ends of a sea-saw. I believe the dollar will crash or gold will spike and either of these two events will punish Bitcoin prices. That is when VegasCoin will rocket in terms of Bitcoin. At this time, VegasCoin effectively serves as an option instrument to buy Bitcoins in a Bitcoin price crash event. There really is no other use for it, yet, because you can only buy VegasCoin with Bitcoins.

My idea is to re-mint a VegasCoin with a municipal bond instrument and bring it into the mainstream financial services system. It will always be worth a VegasCoin because it was born from a VegasCoin. The hybrid value of adding a municipal bond will add to that base value. And if Bitcoin crashes, then you can cheaply capture and add another one of those into the hybrid coin, too. Vegas is the PERFECT place for this experiment to be attempted. Marketing would be unbelievably precise and highly effective like nothing ever tried before. I KNOW I can sell VegasCoin in Hawaii if there was a casino that was willing to listen to my ideas. This could be very exciting if it can be adopted into the generally accepted financial sytem.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] VGC - VegasCoin on: June 08, 2014, 09:10:18 PM
"So I placed my buy order at the tiniest increase above the highest ask."

should read

"So I placed my buy order at the tiniest increase above the highest bid".
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] VGC - VegasCoin on: June 08, 2014, 04:31:13 AM

Somebody was using a program to generate orders that were always one increment higher than the highest bid. Any new order were immediately leapfrogged so that all sales went to the buyer who wrote the auto bid script. What I did was leapfrog those orders one at a time until I found the limit where the program stopped trying to buy all the coins that were dumped onto the Bitcoins.

Then I noticed that the opposite was now happening. The autoscript was selling coins one increment lower than the lower ask. The script undersold any new leading orders that were placed.

So I placed my buy order at the tiniest increase above the highest ask. And one increment higher than that, I placed 10 shares for sale. Not only did the auto script dump all it's shares into my significantly lower bid and fill it, but I think this low priced sale triggered some stop orders to dump shares as well. The exchange immediately closed very quickly after I was getting all those cheap coins, so I suspect it was the trading exchange that is responsible for the activity I found.

I'm pretty sure VegaCoin is aware of what happened because they removed Bittrex from their page almost at the same time. There must have been a discussion.
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