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July 02, 2022, 11:44:10 PM *
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1  Bitcoin / Bitcoin Discussion / Crypto market capitalization now well under $1T on: June 13, 2022, 07:30:23 PM
Staggering when one considers it looked to be on a sprint to $5T just a short time ago. A rather epic collapse.
2  Alternate cryptocurrencies / Altcoin Discussion / NFT's are a bigger scam than LUNA/UST on: June 12, 2022, 04:41:38 AM
The actual content of the NFT, such as a piece of art, is rarely stored on the blockchain. The reason why the content (such as a JPG, MP3, or Gif) of the smart contract associated with the actual NFT is stored on the web and not the blockchain is because of the size and cost. So you don't really own a piece of art. You own a piece of metadata describing some art that is stored on a centralized server. Those servers will, inevitably, eventually go down, be hacked or bought out so the owners of an NFT will, in the long run, own nothing but some metadata pointing to a defunct site.
3  Alternate cryptocurrencies / Altcoin Discussion / LUNA 2.0 is live! on: May 28, 2022, 01:51:14 PM
Sorry for anyone hoping to recoup their pre-crash losses. It's trading around $5 presently after an encouraging but brief opening around $17.

https://coinmarketcap.com/currencies/terra-luna-v2/
4  Alternate cryptocurrencies / Altcoin Discussion / Warning $LUNA supply now 6,534,892,879,872 on: May 13, 2022, 01:31:22 PM
That's right over 6.5 trillion coins were minted, most of it in a single day, to try to backstop $UST.

So any coins you held historically are, I'm sorry, essentially worthless. With the blockchain halted, any speculation you do should take into account that prices will be in the satoshi range, or less, for pretty much the entire future of this coin. It cannot come back.

https://terra.smartstake.io/history/365
5  Economy / Speculation / RIP Bull Market on: February 24, 2019, 02:55:42 PM
Looks like it all ended in one trade.
6  Economy / Speculation / Epic buying opportunity on: November 20, 2018, 12:10:54 AM
Once in a while, a great opportunity comes along to acquire more BTC. They don't last long. We are in that moment now, with prices nearly 75% off the peak.
7  Alternate cryptocurrencies / Altcoin Discussion / RIP Altcoins on: August 08, 2018, 11:46:24 PM
It was a nice run but with BTC approaching 50% dominance the death bells are ringing for the Alt fad. I won't shed a tear for XRP or TRON.
8  Economy / Speculation / BTC 20K in a week on: April 13, 2018, 12:12:26 AM
You first heard it here. Buy now. Put all your best clients on it. Blue horseshoe LOVES BTC.
9  Alternate cryptocurrencies / Altcoin Discussion / MyEtherWallet wants access to browsing history? WHY? on: April 04, 2018, 12:42:18 PM
Noticed that Chrome disabled MyEtherWallet extension because it now needs permission to see browsing history. That seems like a HUGE security hole for a crypto, since, among other things they could potentially log who you are and what acccounts you use online. Was this inadvertent by the devs or will the wallet now require it? Seems to render it useless.
10  Bitcoin / Bitcoin Discussion / "backed by the full faith and confidence of the government" on: January 20, 2018, 06:03:11 AM
That phrase doesn't mean a whole lot when the government isn't even open for business. Expect a substantial rally in BTC as the US government shutdown drags on.
11  Bitcoin / Bitcoin Discussion / Bitcoin Cash should be Bitcoin, Bitcoin should be Bitcoin Classic on: January 11, 2018, 01:34:59 PM
BCH seems much more in line with what Satoshi saw the coin as -- a mechanism to facilitate transactions globally without excessive fees. The 1MB block size limit and backlog on Bitcoin is pretty ridiculous at this point.
12  Bitcoin / Bitcoin Discussion / Why not scale up the block size automatically after every N blocks mined? on: August 20, 2015, 04:54:36 PM
Seems like a better approach than the current 1MB v/ 8MB debate.

Obviously 1 MB is too small and 8 MB is way too large. Rather than have constant code changes, threats of forks, etc... why not just modify the core so that every 100 or so blocks mined the block size increases by a small %?
13  Bitcoin / Bitcoin Discussion / Brainwallet for "satoshibitcoin" has gox in address on: December 12, 2014, 10:49:48 PM
Has this public address:

15iJ9qjD1n3A4xz56QFWhH7uJyAH9A9gox

14  Alternate cryptocurrencies / Altcoin Discussion / Who are the dummies buying coins as soon as they come out ? on: July 09, 2013, 05:02:22 PM
It seems that for every slightly innovative new coin there are a swarm of naive "investors" willing to pay a 50x premium for the coin relative to where it will ever trade on an exchange.

Why do they do this?  Is this a form of charity?

Or are they just dumb ?

Latest example is primecoin.  Why are people paying 10 LTC for coins that some guy minted in one night on an i5?  Guys - the value of that much compute power is maddeningly close to zero.  You're getting ripped off
15  Bitcoin / Bitcoin Discussion / ASICS killing BTC ? on: July 03, 2013, 02:09:12 AM
Seems that ASICS is have a detrimental impact on BTC.

(1) A huge amount of hashing power is now in the hands of companies that can stamp out one set of chips after another.  Few seem to make it to retail (i.e. BFL)

(2) Most of the former GPU miners, once a large support base for the coin, have lost interest due to the BFL fiasco and the fact Avalon shipped only a tiny number of retail devices

(3) Concentration of network power in the hands of a few is a disaster.  Precisely the opposite of what BTC was supposed to be all about

(4) Raw gh/s figures are irrelevant given that only a tiny number of firms have ASICS designs.  THESE COMPANIES NOW EFFECTIVELY CONTROL THE NETWORK

LTC is looking very strong right now.  Holding its USD value as BTC falls.

The two may meet in the middle
16  Alternate cryptocurrencies / Altcoin Discussion / Cryptsy Fix - Change your DNS to 8.8.8.8 and 8.8.4.4 on: June 28, 2013, 02:06:31 AM
Wasn't working with Cox DNS

I went into my TCP/IP settings and changed primary DNS to 8.8.8.8 and secondary DNS to 8.8.4.4 and works fine now

That is the Google DNS so it is safe
17  Alternate cryptocurrencies / Altcoin Discussion / The Real Firecoin on: June 09, 2013, 12:39:00 PM
Recently someone posted a virus and used the name firecoin.  I want to remind people that there is a real firecoin, called firecoin2, that is a fork of feathercoin.

It started out as a joke but is actually quite a nice, albeit forgotten, little coin with a nice logo

Details are here:

http://firecoin2.com/
18  Alternate cryptocurrencies / Altcoin Discussion / [ANN][STABLE COIN][SBC][P2Pool][1% Fee] http://23.21.160.166:9500 on: June 08, 2013, 12:40:37 PM
Come get some Stable Coin!  P2Pool is up and running:

http://23.21.160.166:9500/static/

Usage:

cgminer --scrypt -o http://23.21.160.166:9500 -u YOURSTABALECOINADDRESS -p x --queue 0
19  Alternate cryptocurrencies / Altcoin Discussion / The latest Alt wars are over. We have our winner, DGC ! on: June 03, 2013, 09:23:41 PM
Looks like DGC has won the right to stand in LTC's shadow as the "Bronze" to Bitcoin's Gold.

Congratulations, Baritus.  Well done.

Honorable mention goes to YAC and WDC
20  Alternate cryptocurrencies / Altcoin Discussion / All new coins with a "bounty premine" are worthless on: June 01, 2013, 03:21:29 PM
You can take that "bounty premine" and shove it up your a** because I'm not buying any damn coin that has a 10k, 100k, 500k or whatever premine for "bounties"

If you want your coin to succeed, and you are serious, pay the bounties in LTC.  And, also, be prepared to spend 10 BTC minimum to establish an initial market for your coin.

Memo to developers --> Show us YOUR money and YOUR investment into the coin or go home.  Changing a few parameters and compiling a windows client isn't going to earn you one red cent
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