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1  Economy / Service Discussion / BiteBTC Scam on: August 19, 2018, 05:39:11 AM
Be aware that this "exchange" may be a scam. They manipulate prices, ask for high listing fees and do not approve users. So it did happen for instance with IFLT recently. Crazy market manipulation. You may contact for that matter (Monetary Authority of Singapore). Do not list your coins or put any money on this so called exchange until all clouds are eventually removed.
2  Economy / Exchanges / Craptopia (Cryptopia) Thieves on: March 05, 2018, 05:10:04 PM
To date I got 6x airdrops stolen from Cryptopia. BTX and Deeponion. And no solution in sight.They are insolvent at best. Stay away, and report them to
3  Economy / Exchanges / Ongoing Massive Cryptopia Problems - Time to Take Action! on: February 20, 2018, 01:49:53 PM
We know about the problems with Cryptopia for days, weeks, if not months. They are unable, unwilling or even intentionally hold deposits back from being credited and withdrawals from being processed.

There are hundreds of customer complaints all over the Internet, here, in their forum, in Facebook, in Twitter, in Steemit, you name it. But they can't be bothered. Support requests are simply ignored. There is no support. There is nothing but a black hole. No company address, no Email, no people, no nothing.

If you are a coin developer/provider/community, you should be on highest alert. Do not list your coins on Cryptopia! This poses an extremely high risk for any investor to lose all their funds and coins. We've just seen what happened to Nano/Raiblocks at the Bitgrail fraud.

Cryptopia may just be the next in line. All points into the same direction of failure. 3 Options, either they are insolvent, they got hacked, or they pull an exit scam, or any combination of these.

This can no longer be seen as a minor technical issue that may be resolved in some days. They have clearly shown they are unable and unwilling to fullfil their duties as registered financial service provider, based in New Zealand.

Action needs to be taken now before it is too late and they run!
4  Alternate cryptocurrencies / Altcoin Discussion / IOTA - Thousands of Wallets Compromised and Funds Stolen on: January 20, 2018, 01:01:01 PM
If you bought IOTA, check your wallet. Chances are high that it is empty now.

Don't believe me? Open it and find out yourself that all your funds have been stolen.

How so? People were told to use online seed generators. Yes, a seed, online. Not from the wallet itself, no password, not protection at all. And one clever chap collected all the generated seeds and just cashed in.

What can you do? If it is still "Pending" then check out this posting from the official IOTA forum. If it says confirmed as it does for me, funds are gone.

IOTA tries to blame people now for using the online seed generators. I think the party to blame is IOTA itself, for not putting a seed generator in their light wallet, and for not password protecting it.

This actually calls for class action as thousands of accounts were compromised!

(my x-post from Steemit)
5  Bitcoin / Project Development / Ledgers, Trezors and KeepKeys? We make our own! DIY guide! on: December 10, 2017, 12:32:34 PM
I just wrote a comprehensive guide in Steemit. If someone want to follow task.
6  Alternate cryptocurrencies / Altcoin Discussion / Bitcore (BTX) - time to invest? on: December 05, 2017, 06:45:15 PM
It's one of the nicer coins riding on a Bitcoin fork. Actually they did not fork but provide a dividend for all previous Bitcoin hodlers.

The coin is interesting as there is a weekly dividend paid of 3% each Monday. It's somehow sitting in the shadow. People jump on scam/spam coins like Deeponion that provide some similar dividend.

It had quite a jump after that was set in motion in the last few weeks and has returned to more healthy price levels now around 20$.

May be interesting to put some small money in and let it grow, does not need any maintenance, just register. This is to be going on for the next years, unlike those DO "airdrops", so why not.

Happy investing!
7  Alternate cryptocurrencies / Altcoin Discussion / DeepOnion - short review. on: November 21, 2017, 07:49:50 AM
(x-post from Steemit)

Been in there for some weeks, they offer weekly airdrops of about 7% of your wallet balance.

Other than that not much creativity there. One feature they implemented is DeepVault, basically a hash sum verification for file. If you don't know what that is, you don't need it. Nobody does.

There is another feature supposed to come, DeepSend, that is sending transactions anonymously through the network. They pretend to do this already but don't. That is a functionality other coins have for ages. No differentiator.

The forum is quite active, they attract a lot of people to spam the whole internet and get paid for, called "domination tasks".

Price is falling. stay away. One of the better projects for sure, but the wrong way to do it.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Cempool - account locked on: November 09, 2017, 12:30:38 PM
They provide mining for some altcoins. Just be aware that your account may get locked without any notice and there is no support available.
9  Alternate cryptocurrencies / Mining (Altcoins) / Second hand ASICs from China on: October 28, 2017, 04:26:50 PM
(Posted this in the Deeponion boards, but here it's probably the better audience.)

There are a lot of cheap ASIC boards and miners on the market now, previous generation something, not profitable enough for the Chinese whales. However those look still pretty powerful and maybe worth an experiment.

Just the cheapest I could find from Aliexpress right now, I'm not affiliated with them, just an example, there are many more. (Free shipping Gridseed 2.6 3M USB ASIC miner Scrypt Miner litecoin mining the PCB with thermal conductive silicone pad-in Servers from Computer & Office on | Alibaba Group)

Has anyone tried one of these boards or miners before, does it make sense to let's say spend 100$ on one set of them and let them run for a while? I guess it may break even, maybe a tiny profit. But I still contemplate to get my hands on one of these.

Has anyone tried that and what are your experiences and/or recommendations? Does it make any sense at all?

10  Alternate cryptocurrencies / Altcoin Discussion / Meaningless but secure coin on: October 13, 2017, 10:18:00 AM
So, lets say, I start a complete meaningless coin, based on Monero/Byte, would you support it? I consider that an experiment. I run some POS experiments in Steem too.

Anyone wants to join in?
11  Alternate cryptocurrencies / Altcoin Discussion / Coin supply on: October 13, 2017, 09:21:47 AM
This is a hypothetical question. Given the idea to launch a coin for the travel industry, meaning we're talking about 500...1000$ transactions on average, what would be a feasible coin supply be?

Don't need billions of coins, but they should be affordable. Cryptonote goes per default all the way up to 18.something, can't count so far Smiley.

So, any suggestions?
12  Alternate cryptocurrencies / Altcoin Discussion / Altcoin staking on: October 11, 2017, 01:38:19 PM
I'm running some experiment for 5 weeks now, as reported on Steemit.

Particularly these are:
Inflation Coin, 2% a day
Tekcoin no return for a month, but then 13%, making it 0.5%/day
Bitbean, sprouted 5x for 1000, not worth.

Inflationcoin pretty much outperforms all.
13  Alternate cryptocurrencies / Speculation (Altcoins) / Warning - TenX Bot at Bitrex on: October 11, 2017, 09:50:10 AM
Just be aware that there is a Bot active when trying to buy TenX. Right now it sits at 0.00692999 ETH-Satoshis. You bet lower, it will give 1 Satoshi more and drop immediately when you withdraw your offer.

(my x-post from Steemit)
14  Alternate cryptocurrencies / Altcoin Discussion / Bitcoin or Altcoin before the hardfork? on: October 09, 2017, 05:07:51 PM
Bitcoin is right now pushed to old or even new heights with people anticipating the coming hardfork and thus free money.

Would it make sense to (re)invest in BTC just for that and then get out again? Think twice!

1) There is a huge price increase for BTC in the recent days, but without any trading volume as in the past
2) There is no replay protection for the hardfork, meaning you can not just sell off the new gained gold without risking to lose all. Sit on the "Gold" and see how that dividend is calculated in the total supply.
3) Altcoins are at a good and interesting price level to invest right now, with better potential than a hyped Bitcoin whatsoever.
In summary, stay away from it, invest in OmiseGo or IOTA or whatever you see fit for the future. Don't get scammed from Bitcoin Golddiggers.

Stay safe!

(my x-post from steemit)
15  Alternate cryptocurrencies / Altcoin Discussion / Staking Coins (POS) on: September 17, 2017, 09:14:43 AM
Staking Coins

I run some experiment for a almost 2 weeks now to try POS instead of POW. Calculating requirements are way lower. an old laptop should be enough, but you need to have a certain investment, that will eventually grow a stake.

So far, that is

Inflation Coin (IFLT), got some 15% stake in 3 transactions, total 6m IFLT
Bitbean (BITB), nothing so far, total 250k BITB, says 2 more days every day
Embercoin (EMB), I closed that position, looks a bit suspicious to me after all, total 20k EMB
TekCoin (TEK), need to mature for 30 days, so 3 more weeks to wait, total 1.5m TEK

Would be interested in more recommendations/experience.
16  Alternate cryptocurrencies / Altcoin Discussion / Minimum requirements for Proof of Stake (POS)? on: September 16, 2017, 10:36:01 AM
Technical question. As were moving from POW towards POS, what would be the minimum sensible requirement to have a server running? There is not really much calculation power involved, just the amount of coins you own. Would a lets say 5 years old netbook with Intel Atom CPU be enough to run different 3 wallets 24/7?
17  Economy / Economics / China closes exchanges on: September 16, 2017, 06:31:34 AM
I guess that is good news, the cat is out of the bag and no more rumors. China closes all exchanges based on the fact that they are operating without a formal license.

Which means there will be regulation and licenses coming soon, a good step forward.
18  Economy / Exchanges / Bitfinex Lending on: September 15, 2017, 09:22:27 AM
Now that the glass is half full or half empty, what may be options?

Bitfinex lending is one of those, Poloniex also offers similar services, but there rate is lower and there are some issues associated with them.

I've exchanged some BTCs for LTC and the current going lending rate is 0.74% a day at Bitfinex. That should add up to some nice extra coins over a week or two, until Bitcoin picks up speed again.

BTC, ETH or XMR come not even close to Litecoin.

Please share your ideas!
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