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1  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] alcurEX Cryptocurrency Exchange on: March 19, 2014, 02:23:50 PM
@ocean

1+

I know what you mean.

But if we are "adaptable" as you said, in few month we are cryptorush 2! Look at the market last few month. Mostly every shitcoins marketcap was disproportional high.

Should we really list about 200 coins respectively change the number every month?

Have a look at spaincoin for example. 0 - 100 in 2!! days. And 100 - 0  by next week (if you ask me).


Edit:

How we can verify a stakeholder? I mean everyone can post his fav. coins right now.
Yeah, that`s the thing, we can`t go ahead and add every coin like cryptorush. But, we could monitor the market and look for increasing volume from the smaller exchanges. When spaincoin (as example) started to get more than 10 btc in volume from an exchange like poloniex, we should prepare and put the coin up to a vote. The shareholders then need to do their research, and decide wether or not they see it as exciting. I don`t know how many shareholders we are or the weight of each, but if the distribution is large enough, it should reflect the general view of a coin. To spaincoins defence, it still maintains high volume, more than 90 btc the last 24 hours.

This is a way we can filter the coins through exchanges like c-cex, poloniex, coins-e, coinedup, coinex etc.

And, as a criticism of other exchanges: the dead markets should be removed much faster. CTM/BTC on mintpal is a good example, with tradingvolume less than 0.2 btc the last 24 hours. Give something like a 2 weeks notice, and delist it, or change it to a ctm/mrc or ctm/ltc-cross. CTM took me 5 minutes to figure out was a lost cause, before mintpal added it.
2  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] alcurEX Cryptocurrency Exchange on: March 19, 2014, 01:00:26 PM
@ocean

"...But what and who determines what a "shitcoin" is? The market. The market tells me that they don`t think i.e. blackcoin is a shitcoin, based on volume, marketcap and general interest...."

The market is a bitch. At the moment few old Bitcoiners with enough money/ coins and newbies are investing in every shitcoin to become millionaire over night.

And it seems you too!?

For how long you are interested in cryptocurrencies? Most "supadubanewthinginmycoin"  can implement in any coin with just a few lines programming. And within few month even newbies will know this.

Next:
Ok, we are freaky and everything could happen. But if a coin rules the market named like "Sauroncoin or Auroracoin" i´m out. Cryptos can change the world - but not out of two 16yr old guy´s creating a coin over night.

I`ve been in crypto since 2011, so I`ve seen a lot. I totally agree it is ridiculous seing all the coins hitting the market. But yes, I make money from this strange world.

But we are talking about listing coins on an exchange, and to get customers and revenue for our own company (you own shares, you own part of the company). You don`t get that with how cryptos are today without doing what the market wants. You could create an ideologic exchange, how you wish cryptos should be, but you would be there with few others. Who knows what the market wants in 2 years? If we are adaptable, we will succeed. Fighting against it, we will lose.
3  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] alcurEX Cryptocurrency Exchange on: March 19, 2014, 12:50:49 PM
But, lastly, a conclution on my part: Alcurex can not be an exchange sitting on it`s high horse and try to dictate what coins are good or not. That`s not being visionary, that`s being naive. We need to follow the markets and the trends, to even get it started with a customerbase and retain it. From the IPO: "
The exchange features a variety of different currencies to choose from and will keep forever growing as new promising cryptocurrencies are released. The exchange will still maintain a set of established cryptocurrencies."


Are you answering me here? Because you are claiming things on my behalf that I never said and that is no good. I have to refrain from further discussion, I hope you understand.

[/quote]
Yes, it`s part answer and part a statement from my part. You told me to be a visionary, and that I am. But I am also realistic on what it takes to attract users (more precisely, make myself want to move away from mintpal to alcurex, and get others to join). And you continue to categorize coins as good, shit and bad, which i simply can`t understand how you can do so easily. As an example; We were mentioning auroracoin earlier, currently 4th largest trading volume the last 24 hours, with more than $800 000 traded. And looking at the charts from the beginning of the month, that wasnt even the peak. I think this is the kind of volume alcurex needs to get a part of.

I`m not sure what I`m claiming you said that makes you annoyed, but thanks for the discussion anyway. It`s an important one. And sorry if I offended you.
4  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] alcurEX Cryptocurrency Exchange on: March 19, 2014, 12:31:08 PM
Another option regarding coins; Alcurex could list more established coins in one section (LTC, PPC, XPC, VTC & others) and less established coins(PIGGY, FLAPPY, AUR +++) in another section. This is just visual, a way for us and traders to easily see what is new(and therefore risky) and not. This way we can distinguish between real coins and potential shitcoins/pump and dump coins. Once a coin has proven it is more than a pump(good community, Dev, innovation, progress etc) they can be bumped up to the established section. This way Alcurex can allow bad coins to be traded and still be a serious player. (no smearing of the Alcurex brand even if a Dev dumps a premine). Make it clear for traders there is a certain risk associated with trading in the new section.  What do people think of this?

This is somewhat a good idea, but how would you categorize them? I don`t think people have any idea about the date a coin was released, unless they do a background-check. Tradingvolume the last x weeks? Most famous in reddit? How would they find the coin they are looking for? It needs to be very intuitive, if the users has to search and click around a lot between the markets and submenus, they get annoyed. Accessibility is key.

And again, you mention "bad coins". If that is what the category get known as in the public, as what the owners of alcurex is calling a trash-bin, prepare for flaming and attacks on all fronts from the respective communities. But in all, an interesting idea, just want to put my thoughts out there.

PS: Well done mcr and halibit, important step forward!
5  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] alcurEX Cryptocurrency Exchange on: March 19, 2014, 12:12:55 PM

Of course I`m serious, did you buy shares in this to make a difference in crypto? You didnt believe that this could be a good source of income? I see that I sounds like an idiot in the sentence above, but I`m trying to prove a point. In crypto, everything moves so fast, so don`t be to quick saying that a month or few weeks old coin isnt worthy enough, or a scam, without doing your research. Litecoin was new once, you know.

And I agree with some of the things you say, i don`t want this to turn out as cryptorush. But I also don`t want it to end up like mcxnow (unusable in terms of trading) . Do you get what I`m getting at? What I`m trying to say is: to attract new customers, we need the coins that are popular, aswell as the established coins. Or do we have something truly unique to offer right away, that people can`t live without? There is no plan for advertising as I can tell either, so you think people are just going to pop over by themself? Just look at coinex, hacked for a second time. People are very wary using new exchanges, and they should be.  

I bring up mintpal a lot, cause some of the stuff they are doing are great. I know a lot of people that have moved their entire business over to mintpal from cryptsy, because you can trade popular and innovative coins, they are fast, the charts are great and it is easy to use. They have indeed added to many "shit-coins" (not scams), but that is probably a result of the voting-process.

So, to conclude, and this is my opinion: what we need is a well-balanced mix of btc-e and mintpal, with features from bitfinex. We need to offer everything people need in one place, so they don`t have to withdraw their bitcoin from one exchange to short it on another, and then transfer to a third after a few days to buy the new exciting coin. Only then, will we be a major player.

I bought shares in this company because their statement stood out form the rest of the crowd. It stands out from your approach as well. No one is making a difference in crypto by adding potential shit coins, that would be doing the same thing as all the others.. Don't expect different results from repetitive behaviour, it is impossible.

I am thinking in the long run, you in the short run, and you ask me to not be quick? Huh I am not following you Tongue I'll do my research and you do yours. You will eventually find out who has pumped the coins you are promoting. Think ethics and imagine Alcurex in five years; Can a major player survive that long if they actively aid in pump and dumps? Could NASDAQ (or any other exchange) survive if they knowingly and willingly aided in pumping and duping values? Once this market is regulated un-serious players will die over night. Be a visionary.

Besides, as a next gen. exchange I don't see much room for more scrypt coins. ASICs are up, new algos are emerging, the future is here

But what and who determines what a "shitcoin" is? The market. The market tells me that they don`t think i.e. blackcoin is a shitcoin, based on volume, marketcap and general interest. Which coins will still be alive in 2 weeks, 6 months or 1 year from now, no-one can foresee. The market will decide, not the exchange. Or should we decide for the market? Saying that only low volatility and stable coins is worth listing on our exchange? Saying that on our exchange, we doesnt believe in coin x,y,z, because we think they will be gone in a while, or we will see a large priceincrease, then it will get a dump and die? What coins will maintain it`s price and current volume in 3 months? If you have this ability though, I`m jealous of you.

I`m not going to go into this to deep, but look at two coins everyone believed in: worldcoin and fastcoin. What happened there? Are they shitcoins? Who could have seen that coming? At the time, should the exchanges not list the coins "just in case"?

And i disagree with you, an exchange can not possible "aid in pump and dumps", they only make it available for trade on the market. Whether or not some players decide to pump and/or dump it, you cannot blame the exchanges. The manipulation is another part of course, falsifying information like telling the world that mcdonalds has an agreement with takcoin, to get a price-increase will be dealt with when regulation is in place (if/when that happens). A control-organ would investigate the price-increase or decrease, but a lot of the times it`s just normal activity. Especially in stocks with low liquidity.

You make the parallells to nasdaq as an example, are you telling me "pumps and dumps" are not occuring in the stockmarket? There is high and low volatility in different stocks, and price-increase and -decrease.

This is getting out of hand, even though I love discussing the topic.

But, lastly, a conclution on my part: Alcurex can not be an exchange sitting on it`s high horse and try to dictate what coins are good or not. That`s not being visionary, that`s being naive. We need to follow the markets and the trends, to even get it started with a customerbase and retain it. From the IPO: "
The exchange features a variety of different currencies to choose from and will keep forever growing as new promising cryptocurrencies are released. The exchange will still maintain a set of established cryptocurrencies."
6  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] alcurEX Cryptocurrency Exchange on: March 19, 2014, 08:40:02 AM
I highly disagree with AuroraCoin no matter how much volume it has, that is the biggest scam coin there is at the moment

You are right, we should not add Auroracoin since the volume might be artificial, volume might collapse soon. We need coins that has been there for a long time and continue to be traded by other people.

Bitcoin, Litecoin, Peercoin, Dogecoin, and Namecoin. These are the most trusted coin so far.
And miss out on the high volume? IE: Auroracoin, spaincoin, blackcoin all has volume above 100 btc on mintpal. They have even touched into the 1000`s. We make more money with more volume, thus we should be early on listing high-volume coins.  But, we should be quick to replace btc-markets that is dying with another cross, say ltc.

And auroracoin is a scam? I don`t know, but so what. We are here to make money, we need to offer the users what they want, and looking at volume and interest, people want auroracoin.

My biggest fear: end up like mcxnow; great exchange, but only if you trade maxcoins.

You are not following us; We want to stand out as the major player, not the average exchange where kids can trade their fun-money. The thing I bolded out - are you serious? As a professional that made me cringe :/  I believe you bought shares in the wrong company man.
Of course I`m serious, did you buy shares in this to make a difference in crypto? You didnt believe that this could be a good source of income? I see that I sounds like an idiot in the sentence above, but I`m trying to prove a point. In crypto, everything moves so fast, so don`t be to quick saying that a month or few weeks old coin isnt worthy enough, or a scam, without doing your research. Litecoin was new once, you know.

And I agree with some of the things you say, i don`t want this to turn out as cryptorush. But I also don`t want it to end up like mcxnow (unusable in terms of trading) . Do you get what I`m getting at? What I`m trying to say is: to attract new customers, we need the coins that are popular, aswell as the established coins. Or do we have something truly unique to offer right away, that people can`t live without? There is no plan for advertising as I can tell either, so you think people are just going to pop over by themself? Just look at coinex, hacked for a second time. People are very wary using new exchanges, and they should be.  

I bring up mintpal a lot, cause some of the stuff they are doing are great. I know a lot of people that have moved their entire business over to mintpal from cryptsy, because you can trade popular and innovative coins, they are fast, the charts are great and it is easy to use. They have indeed added to many "shit-coins" (not scams), but that is probably a result of the voting-process.

So, to conclude, and this is my opinion: what we need is a well-balanced mix of btc-e and mintpal, with features from bitfinex. We need to offer everything people need in one place, so they don`t have to withdraw their bitcoin from one exchange to short it on another, and then transfer to a third after a few days to buy the new exciting coin. Only then, will we be a major player.
7  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] alcurEX Cryptocurrency Exchange on: March 19, 2014, 07:10:38 AM
I highly disagree with AuroraCoin no matter how much volume it has, that is the biggest scam coin there is at the moment

You are right, we should not add Auroracoin since the volume might be artificial, volume might collapse soon. We need coins that has been there for a long time and continue to be traded by other people.

Bitcoin, Litecoin, Peercoin, Dogecoin, and Namecoin. These are the most trusted coin so far.
And miss out on the high volume? IE: Auroracoin, spaincoin, blackcoin all has volume above 100 btc on mintpal. They have even touched into the 1000`s. We make more money with more volume, thus we should be early on listing high-volume coins.  But, we should be quick to replace btc-markets that is dying with another cross, say ltc.

And auroracoin is a scam? I don`t know, but so what. We are here to make money, we need to offer the users what they want, and looking at volume and interest, people want auroracoin.

My biggest fear: end up like mcxnow; great exchange, but only if you trade maxcoins.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SCRYPT] KlondikeCoin ★ Bter.com ★ Prepaid VISA Cards ★ 0% Premine [KDC] on: March 12, 2014, 09:07:49 PM
KDC, the first coin that doesnt have a peak on a new exchange. It ends in panic-selling.

But hey, great to do arbitrage!

Coins only have a huge pump on a new exchange when the coin is new. KDC already had a huge spike pump at 40k on coinmarket when it first came out. Anyone expecting a huge rise just because its on mintpal is going to have a bad time.
Hey, I`m not complaining, just thought it was interesting. This actually might be a good thing for the coin, instead of getting bagholders with huge losses weighing us down.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SCRYPT] KlondikeCoin ★ Bter.com ★ Prepaid VISA Cards ★ 0% Premine [KDC] on: March 12, 2014, 09:02:33 PM
KDC, the first coin that doesnt have a peak on a new exchange. It ends in panic-selling.

But hey, great to do arbitrage!
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MEOW] KittehCoin Relaunch IS HERE!!!! on: March 12, 2014, 06:54:41 PM
Seriously boys and girls, just don`t sit here and complain. Leaf, 66coin and flappycoin and other rubbishcoins is above us on mintpal. How is that possible? Vote every hour, let`s get it in there!
11  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] alcurEX Cryptocurrency Exchange on: March 11, 2014, 08:34:34 PM
Sounds good guys. I`m nominating kittehcoin (meow). Very active devs, constant high volume, exciting community.
12  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: WorldCoinIndex.com - Indexing all Cryptocoins and Prices on: March 05, 2014, 06:28:56 PM
What exchanges are you pulling the prices from? Maybe you can make the price (and volume etc) clickable, showing a list of the exchanges and the last price? Or cryptocoincharts.info of course, if that`s easier.

And, maybe make the names as links, redirecting to the ann-thread or homepage.

Otherwise it`s great! Smiley
13  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] alcurEX Cryptocurrency Exchange - 50% IPO - Selling shares now! on: March 05, 2014, 12:22:59 PM
I really hope you guys are putting down some serious work on charts. If its one thing the exchanges are bad at, it`s the charting. This could give alcurex a real edge on the market.
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][MAX] MaxCoin on: February 06, 2014, 06:28:19 PM
I get this: $ ./autogen.sh
./autogen.sh: line 8: aclocal: command not found

What to do?
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ASR] ASTROCOIN MAX SUPPLY 140,000. COINEDUP.COM on: January 30, 2014, 02:06:02 PM
So dudes, what will happen when the diff goes to 3.1 and the miners come back? Won`t we be in the same mess all over again?
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 29, 2014, 06:57:43 PM
Just bought a couple of thousand. I must say: Wow, the transaction from the exchange to my wallet was awesomely fast.
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ASR] ASTROCOIN, WE NEED MINERS! MAX SUPPLY 140,000. COINEDUP.COM on: January 28, 2014, 07:13:35 PM
how long until diff change?
Changing from 46 to 4 in 84 blocks. Est. Avg. Time per Block; 1944 seconds

So around 2 days then at the current hash rate?
Yeah, afraid so..

Hang in there lads, we need to get through this rough patch.
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ASR] ASTROCOIN, WE NEED MINERS! MAX SUPPLY 140,000. COINEDUP.COM on: January 28, 2014, 06:30:14 PM
how long until diff change?
Changing from 46 to 4 in 84 blocks. Est. Avg. Time per Block; 1944 seconds
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CRN] Cryptonium Coin w/ DDoS protected pool! 66 millions coins in total on: January 28, 2014, 08:52:57 AM
I bought some of these, following with excitement.
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: GIVEAWAY - Cryptonium CRN on: January 28, 2014, 08:38:13 AM
Hope im not to late, I see some entries which doesnt contain an address. Hopefully this is address number 100? Wink

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