No. I don't think it would out-price BTC. It's just something I'd like to see. For humorous purposes. I think Karpeles has much more meme-power than Doge. Karpeles is the most ridiculous person in the world right now.

Try Euro-Pacific Bank. I'm not sure what their take on BTC business would be, but they are happy to facilitate transfers to and from exchanges.

I think the best way we can get our money back is via using the good name of Mark Karpeles to print into being our new fortunes:

https://bitcointalk.org/index.php?topic=492305.new

Evening,

I don't have the time to work on anything like this, but would like to see something like it:


Karpeles Coin

1 - pre-mine 744,00 or more Karpeles Coins, and distribute them to those who lost funds at Gox
2 - mint 1,000,000 / month, with no cap, but randomly delete 744,000 coins from the blockchain each month

Post more ideas below.

I was thinking the same, and agree his body language and actions flount that he doesn't care he has badly affected many people.

However, he has also ruined his own life. He is a laughing stock. No company he holds and executive position will ever be taken seriously, anything he starts himself is going to be unviable. He may be able to get a programming job somewhere, but he will be the laughing stock of that place. He will go down as the next Bernie Madoff, but humiliatingly, as completely incompetent.

However, could it not be possible that he will also end up in prison? He's been lying about Gox's financials for some time.

Nice signature.

So predictions range from about $120 to $500.

It seems fairly certain that there will be a large down-trend through, even if it does break $400.

I'm talking about trading volume. It was about $25mil on Sat and Sun, and is now down to about $6. Average for Gox, I believe is about $3-4 mil, so demand is still likely to recede.

What I meant is that buys into the order book are tiny at the moment.



Is this not just a bull trap?

BitCoin largely derives its value from future speculation. There is not much practical use for it ATM for most people. This speculation can span from anywhere between a few seconds to years, i.e. people selling on these pumps and people holding because they believe it will be worth $1,000 and more in the future.

I think a dollar collapse would cause a giant increase in the USD->BTC price and nothing else. Though I don't think the dollar will go just yet.

Yes. Order book goes down to $21 mil. at about $1. But trading volume is way down. As demand goes down, so will the prices. The spike saw $25 mil. in trade on Gox in one day. Now its about $6 mil. and a lot of that has been dumps.

When I saw it fall from $395 I thought it would be the top, until then I had no idea. At that point the volume to sustain could not be found. Right now I think we are in the phase of people thinking they are buying cheap, plus some whales who are trying to pump to sell the coins other whales dumped on them.

I think a big crash will be seen in China, as they are newer to BTC. They went almost $50 above Gox, and are now lagging. So consider getting on a Chinese exchange. I took advantage of the $1 difference in LTC there to get in.

So I guess now we are calling the bottom. There has been a serious amount of money put into BTC at prices above 200 and 300. If these people wake up and find the price is 250, there could be some serious panic selling, snowballing. However, to counteract this I think there will be a lot of people ready to catch the falling knife. If BTC were to continue a steady growth as from about July, we'd be looking at 120-160. So I think the bottom will be either a bit below or above this, depending on how frantic the panic is and how determined people are to buy on the way down.

In this spike we must have seen at least $100,000,000 come into BTC. If 25% of that goes on panic sells, it should fall to the mid-100 range.

Order book buys are miniscule on Gox ATM. Volume in general is also down, both in BTC & USD.

With this recent spike, do you think BTC is going to crash?

Don't pay attention to these people. I am a developer, and I know everything takes several times long than you though. I Also know that the value of the coin in its early days is essentially 100% the devs.

I appreciate your efforts, and am supporting on Cryptsy. Nicely up at the moment too 

StableCoin site is dead. Has this coin expired and left this coil?

How many BitGem developers are there? And what are they working on?

I like the name. But isn't Ripple closed source?

I doubt KnC are going to deliver on their September orders. They have 10 weeks to do what BFL did right at the beginning - put a big price tag on a chassis. I wouldn't feel confident buying based off a greyscale doodle.

So, I doubt there will be LTC ASICs by the end of the year. I also expect a LTC ASIC will be very expensive.

Anyway, to your question. It may not be possible for an LTC ASIC to mine LTC clones. But if it does, LTC will obviously mined the most. I except the clones to fade away.

Evening,

Like many others, I am awaiting new cryptos that bring something new to the table; and not just an LTC clone, with services in development that would be better off developed for LTC.

I've had a number of ideas for coins that I believe that would become established, and not forgotten like ChinaCoin. Although I don't expect these to become the next, USD, I do think they will make valuable contributions. Although I have the time to work on such ideas, I do not know C++. So I'd like to put these ideas out there in the hope they will inspire the creator(s) of the next CloneCoin.

Tor Coin - A coin that is generated by contributing bandwidth to the Tor network - thus monetising the anonymization of Internet traffic.
Torrent Coin - A coin that is generated by seeding torrents. Could also back a decentralised torrent search, with comments and ratings - no more blocking PB et. al., ads & pop-ups.
IM Coin - A decentralised IM client; coins are generated by backing the network. Doesn't give the NSA et. al. a central point of snooping.
SETI Coin - Widely suggested; a coin that is generated by helping search for signals in space. There are plenty of similar science-related coins that could be created.
Transcription/Knowledge Coin - This is one that could be very tricky to avoid churning out low quality junk - a coin that is generated by transcribing or extracting data from documents. There are a vast array of documents in archives, libraries etc. that like the Internet hold unique information. This project could help provide access to these otherwise hidden sources. The problem would be in verifying legitimate input. Naturally, records would have to be checked, but I a struggling to find a way to avoid potential abuses with this. There is one project I know of that does this - Family Search Indexing, which has indexed billions of names in documents. If there were a monetary incentive, it would make volunteers time more worth while, but also add the abuse angel.
Dole Coin - Rough idea: A coin that seeks to replace social security schemes. Not though of any specifics beyond that.
Justice Coin - A coin that is generated, and via some mechanism (unstipulated), funds are transferred to a group who undertake legal cases that may otherwise never happen, e.g. prosecuting Monsanto.
WikiLeaks Coin - A decentralised WikiLeaks, adding a further veil for whistle-blowers. I'm not exactly sure how the coins would be minted, but I am sure someone could think of something.
Bono-Geldof Coin - A coin, 100% of which is donated to foundations operated by Bob Geldof & Bono, under the instruction that 97% of coins should be used to create stomach-churning commercials staring smug celebrities revealing in their own grace.

For new coins, I am thinking of anything that is currently achieved through donations and volunteering - things which are important, and often encourage freedom, but are not as established as they could be due to the nature of volunteering and donating.

Would be interested to hear expansions and other ideas for new coins, particularly those that have some purpose beyond transactions.

I'm expecting it to be brought up, so, yes, there would have to be a method of validating transaction and for some coins fluctuation diff. I don't think this needs to be discussed here though.

What are the Noir Bits developers working on?