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1  Alternate cryptocurrencies / Altcoin Discussion / I want Coinex back on: December 14, 2013, 06:16:51 AM
Coinex seemed to be the only honest pool out there. Since Coinex shutdown for upgrades I have tried various other pools but have always mined less than 30% of expected coins for my rig. On Coinex I acheived 90% of expected coins which is pretty damn good. Are there no other honest pools out there?

I have shut my rig down for now. It costs me too much money to mine at dishonest pools.
2  Bitcoin / Bitcoin Discussion / Bitcoin and centralization on: December 10, 2013, 08:20:12 AM
Does not Bitcoin (I'll use the term 'Bitcoin' in place of Crypto coin) lend itself to centralization? It would be perfect for any government to set up its own Bitcoin, premined with a yearly inflation rate. It does not require that much computing power and would only require a small number of distributed servers.

The government itself would not set this up but would license a private firm to create and run the Bitcoin network. All public addresses would have to be registered and Bitcoin would 'enjoy' the same insurance offered by todays banks provided wallets are stored in 'Bitcoin banks'.

It would be the stuff of nightmares. Every transaction you ever make is recorded for all to see and for businesses to make use of. ALL your transactions from cradle to grave. Enough to give the banksters of today a permanent erection.

Simon.
3  Bitcoin / Bitcoin Discussion / Inflation by sleight of hand on: November 29, 2013, 01:07:31 PM
Only a fixed amount of Bitcoins will ever be produced therefore has built in deflation. A Bitcoin can be broken down into 800 million Satohis, it could in theory be broken down further. While this does not increase the amount of Bitcoins it does increase the amount of 'currency units'. So by doing this have we not just increased the money supply? We've just simply moved the decimal point in a different direction.
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