Sentiment check.

Only safe place to hide... still taking a drubbing on the exchange rate but I will be able to swap my VTC for cash when I am ready to sell so...better deal all the way around.

I bought a pc from Tiger Direct this morning and used Bitcoin to pay.

I only bought from them because they would take bitcoin and that was much easier for me to move around at the moment.

I did not buy a Mac. Hahah.

Two things, as I become a bitcoin consumer (and early vertcoin adopter) I realize I will probably never leave all my savings in coins. I don't trust me enough for that and it is too easy at least in theory to flub something with security or organization. Until that is nailed down I will still be on the fiat.

Second thing it just feels like using Paypal without all of the crap. It's vastly superior. And it isn't going to replace money. The hype and governmental fear around using it is just totally absurd. If you want to be a cryptoanarchist and go full digital, rock on. You will be like .1% of the population.

As for the rest I think Tiger and Overstock and day to day nongeek use will gain a lot of ground very quickly from here. Critical mass has definitely been achieved as far as I am concerned. Bitcoin is staying put (at what price.. wish I knew).

There are some basic economic rules in play when you run a financial exchange. While I am no Paul Krugman, The notion of locking deposits and withdrawals while continuing trade (with fees extracted all the while I am told) is a guaranteed death spiral. The hostage premium at Mt. Gox has gone from $200 over to $50 under in a few weeks.

If you do not halt trading with no new funds coming in the price of Bitcoin and Litecoin is virtually assured to lock into a death spiral.

Halt trading until you can conduct an orderly transfer of accounts to a functional exchange and stop destroying the value of Bitcoin. Your customers will be better off once their funds have been transferred to a functional exchange rather than faced with the damning prospect of trading amongst each other inside the asylum amidst dwindling liquidity and desperation.  all Bitcoin holders will be better off. Without the cyclical downward drag on price that is inevitable from a locked in market, the price can stabilize on the other exchanges.

Thanks.

http://www.ibtimes.co.uk/vertcoin-soaring-cryptocurrency-set-surpass-bitcoin-1435261

When bitcoin was launched back in 2009, anyone with a computer connected to the internet and with the right software could mine it. Early users gathered thousands of coins with ease, but because they were worth a tiny fraction of their current value there was no real incentive to mine them more quickly.

But now, huge gains in value over the last six months mean the problem with bitcoin - and, to a lesser but growing extent, litecoin - is how difficult the cryptocurrency has become to mine.

In the early days of 2009 any miner could earn coins using their own computer, but as bitcoin's value rose and more people started mining, the difficulty to extract the currency increased, leading to an arms race where the winners spent tens of thousands of pounds on dedicated hardware known as ASIC (application-specific integrated circuit).

Why is vertcoin different?

David Muller's Vertcoin hopes to offer an alternative. By taking the foundations of bitcoin and making some adjustments, vertcoin punishes miners who use powerful machines and work together in 'pools' to monopolise the mining market....

Full article for details.

Not a miner, just have bought/invested in btc and vtc.

Btc I don't know what it does from here, all the other coins if you are into mining I get it.

If you are spending cash out of pocket I do not see any reason to buy anything but vtc and the reason is limited supply, hard to mine so the miners cant mass dump, no premine and it will hold value after all the clone coins cannibalize each other.

Vertcoin has a lot going for it that no ither coins do. That is why it has gone from zero to $ in like 3 weeks. Because real people with real $ are stepping into buy it alkngside btc.

Dont know where it goes but for the nonminers looking to hold altcoins for awhile that is the place to look.

VTC Vertcoin continues it's two-day postion as Top Percentage Gainer, with volume doubling from yesterday. Testing the $1 level only 3 weeks from launch

WTS 5 vtc for 5 btc.


(Thinking since so many if you can't mine any of them you might want to diversify. I will part with a few).

I have been trying to find the work of a guy who is or was fairly well known for his diatribes on state owned land, and how it was pretty much the crux of a totally artficial society that people would never live in if given a choice. Or something to that effect. He was not exactly mainstream but not totally fringe either.

I cant remember his name and never really got too far into his stuff but wanted to revisit some of his sources. Seems the one thing i cannot find on google. Anyone here know who I am describing?
 

.I suppose this is some peculiar variance on the rickroll.

https://www.youtube.com/watch?v=OiOQAYfQfAM

This is Terence.

I am trying to encrypt my wallet (don't hack me bro I have like 12 cents at the moment) and two questions before I do so.

Can I cut and paste my password into the encryption? It's long and I can print after that and remove without having to remember it.

If I encrypt my wallet, what happens to my backup data? Is it encrypted with same password when I save it elsewhere?

Is wallet.dat I saved prior to encryption accessible without the password?

Thanks for any help here.

[Sorted by Percent Gain on the day, Top 10]

Sorted by Percent Gain on the day, Top 10




VTC dominating despite only being listed at coinedup and poloniex, will be interesting to see where it goes when it gets a real listing.

Noticed the sharp drop at cexio and very flat btc price in recent days. I assume this is a side effect of difficulty rise on btc. 

Is it at the point a question of difficulty falling vs price rising for mining to have any profit?

Is mining at these rates purely speculative (loss generating) in hope of higher future prices?

 

Hey, I am looking for the latest data on number of wallets, and breakdown of holdings. I saw it here about a month ago, I guess it's on blockchain somewhere but I cannot find it. Do you have it or can you point me in the right direction?

Thanks in advance...

So i am not a miner and probably will not become one soon. I read this

http://www.holynerdvana.com/2014/01/vertcoin-about-to-go-vertical.html

And raised a question for you miners. What percentage of current miners do you estimate have the tech skills and adaptation to mine vertcoin?

10% or 90% or...

It is all pretty much over my head but relevant to know the relative difficulty. Full disclosure I own vertcoins but I bought them with bitcoin.

Thanks for your input/output.

我们真的需要翻译Vertcoin信息（网站，纸，[安]上相关论坛）进入中国。

请PM我，或者如果你有兴趣回复此主题。

谢谢！

PS-VTC-Vertcoin目前交投各地0.00050 BTC在Coinedup.com和poloniex.com/交换

We really need to translate Vertcoin information (website, paper, [ANN] on relevant forums) into Chinese.

Please PM me or reply to this thread if you are interested.

Thank you!

PS- VTC-Vertcoin currently trading around .00050 BTC at Coinedup.com and poloniex.com/exchange


Edit- 310 VTC is ~.150 BTC at current exchange.

Not bad for a brand new coin!

https://www.poloniex.com/exchange


just listed still cheap...

No paypal.
I will direct deposit to major bank account.
Escrow mandatory (tomatocage preferred)

Pm me your best offer/amount.

Thanks.

Hey I wish to start a fundraiser for a worthy person and pretty sure I a saw a go fund me type of site for bitcoin. Someone have a link?

Oh and this is not a scam, for a breath of fresh air.