Bitcoin Forum
May 19, 2024, 09:24:32 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 »
1  Alternate cryptocurrencies / Altcoin Discussion / EASY MONEY >> Check price difference between #bter and #cryptsy :-) on: February 21, 2014, 09:13:38 AM

EASY MONEY >> Check price difference between #bter and #cryptsy :-)
2  Other / Politics & Society / Italy forces consumers to BitCoin: "20% Tax On All Inbound Money Transfers" on: February 17, 2014, 07:20:16 AM
This is REAL

Italy forces consumers to BitCoin: "20% Tax On All Inbound Money Transfers"

"Money Launderer Until Proven Innocent" - Italy Imposes 20% Tax Withholding On All Inbound Money Transfers
3  Economy / Service Discussion / Bitcoin fog scam? on: February 12, 2014, 08:45:04 AM

Because of these strange deposits:

I wanted to test bitcoin fog.

Does anybody know if they are still operating?

There seem to be some problems?
4  Alternate cryptocurrencies / Altcoin Discussion / It costs max 4 BTC to pump a these top 7 coin to 200% of value! on: February 10, 2014, 03:37:01 PM
It costs max 4 BTC to pump a these top 7 coin to 200% of value!

I think: CosmoCoin, TekCoin, StableCoin and StarCoin.

This is only a private view and not professional advice :-)

5  Alternate cryptocurrencies / Altcoin Discussion / Again, like NeoCoin Yesterday, a tip 3 coin has been chosen for the pump: CMC on: February 10, 2014, 07:13:06 AM

I think: NeoCoin, CosmoCoin, TekCoin, StableCoin and StarCoin.

This is only a private view and not professional advice :-)
6  Alternate cryptocurrencies / Announcements (Altcoins) / UPDATED list of coins which most likely will be pumped... on: February 09, 2014, 06:55:47 AM

I think: CosmoCoin, TekCoin, StableCoin and StarCoin.

This is only a private view and not professional advice :-)
7  Alternate cryptocurrencies / Altcoin Discussion / UPDATED list of coins which most likely will be pumped... on: February 09, 2014, 06:55:10 AM
This lists all coins on cryptsy which can easily be pumped.

I think: CosmoCoin, TekCoin, StableCoin and StarCoin.

This is only a private view and not professional advice :-)
8  Alternate cryptocurrencies / Announcements (Altcoins) / No GPU or too late.. ? Buy REDDCOIN cheap now! on: February 03, 2014, 12:49:55 PM
No GPU or too late.. ? Buy REDDCOIN cheap now!

RDD/BTC -> 0.00000021  !
9  Alternate cryptocurrencies / Mining (Altcoins) / Launch REDDCOIN -> GPU SCRYPT ASICs ? on: February 03, 2014, 07:53:09 AM
Hi all,

For SCRYPT coin REDDCOIN, I see some very high hashing powers (which I am not used to with SCRYPT / GPU).

Does this mean these users have very large grids with mining rigs, for one user totalling up to 249,652 KH/s ?
Or do these users have SCRYPT ASICs?

The nr 1 ( wdxinter ) might be a hardware seller with large rigs?

And here is a comment on another user from this list: wupengltc

10  Alternate cryptocurrencies / Mining (Altcoins) / LaunchPool - First pool to automatically switch mining to newly launched coins! on: January 27, 2014, 01:54:52 PM
..... Are you also getting tired of selecting and mining each brandnew coin?

LaunchPool - First pool to automatically switch mining to newly launched coins! (from day 0, so not yet exchanged, etc)

OK, THIS DOES NOT EXIST YET - Who will create this?

Here are some thoughts:

- it should be a copy of /, thus automatically switching
- it should only mine brand new coins (coins which are not exchanged yet)
- fee can be 2 or 3%, because pool owner has / owners have to support each coin launch
- if pool has 51%+ hash power, after some hours/days, pool should balance hashpower to other coins to not damage value of new coin
- users (miners) are able to discuss which new coins are supported using a forum, pool owner will follow outcome of these discussions

- if a coin has premine / bounties (coin devs can consider to provide extra bonus/reward for support of this pool), coin dev can pay launchpool owner. launchpool owner will share this reward with miners after first X hours based on mined coins.

- users (miners) are able to up/down vote the share that a (new) coin will get from all hashing power. vote power is based on hash delivered last X days

I have some nice domain names for this concept, willing to donate

If you think this is a good idea, please reply/comment, so this message will be read.
11  Bitcoin / Bitcoin Discussion / A new dutch Bitcoin exchange tries to get a license from Dutch Central Bank :-) on: January 27, 2014, 10:16:08 AM
About "A new dutch Bitcoin exchange tries to get a license from Dutch Central Bank :-)":


Dutch to English - Auto translate:

The first bitcoin exchange in the Netherlands:
"This procedure is in accordance with the Dutch Act on Prevention of Money Laundering and Financing of Terrorism (Wwft). This Dutch act follows the reference of the international partnership: Financial Action Task Force (FATF). "
12  Alternate cryptocurrencies / Altcoin Discussion / Set up a Pump (and Dump) group? Or an autonomous entity called WOLONG ;-) ? on: January 23, 2014, 07:32:32 AM
Hi all,

Would it be possible to jointly set up a Pump (and Dump) group?

In stock markets, Pump (and Dump) can easily be done with penny stocks and with some capital.
Here is an example of a "penny coin":
At the bottom of , there are coins with a low market cap, for example: CraftCoin $ 85,315.
Craftcoin only has a trade volume of about 5 BTC:

Tactic considered:
1. The group would think of some Unique Selling Points for the specific coin.
Each member will post each at least 3 messages / comments on different media.
2. The group would slowly buy a "penny coin" to generate a rate increase, interest and volume.
3. When enough interest and volume is raised, and when a certain value has been reached, the group would sell the coin to generate profit.


Option 1.
Manually: members of the group would have to discuss in a closed forum on actions, results, tactics, etc.
A big risk is the "prisoner's dilemma", where one member could sell out half way, sabotaging the tactic for the group.

Option 2.
Autonomous Artifical Intelligence Unit:
Would it be possible to program a predefined behavourial trade tactic, driven by an autonomous entitity, which for example is owned by coloured coins?
This should be a black box model having API access to several accounts on exchanges.
The group would fund this entity for example with 25 x 1 BTC. The entity would then select any of the bottom 20 coins on .
It would start buying slowly to let the price increase.
It would then randomly select an exit price (maybe even taking in consideration some technical analysis based on historical MACD info).
When the target price would have been reached, it would sell again.
It would also select a stop loss level where it would be able to step out of the strategy.
During the initial buy, it would inform the members which coin has been choosen.
Probably, these members will now start to buy on personal account, since a pump will take place.
Also, these members will promote this pump.
Because the exit rate is not known by the members, there is little risk of prisoners dilemma.
The investment should be done with coloured or new coins, where the payback only can be done by the depositing account.
=> Would this work?
(If so, PM me, maybe we can set up something like this)

o .. and maybe we could call this autonomous entity "wolong" :-)
More info on Wolong
13  Alternate cryptocurrencies / Altcoin Discussion / Proposal to give away 50% of premine! on: January 22, 2014, 07:25:20 PM

It seems 2,200,000 coins were pre-mined for COINO

The bounties are very small amounts versus the 2,200,000 premined coins ...
   3 of 3 remaining = 500 CON for Developing Coino Game
   1 of 1 remaining = 500 CON create promotion Video for Coino
   2 of 3 remaining = 300 CON for the next 3 new pools"

I propose that the initiators GIVE AWAY 2,000 * 500 coins (total of 1,000,000) of the premined coins as soon as possible to unique users of this forum (for example with a profile older dan 7 days and activity > 10).

So this will be a shared pre-mine for everybody!
This will create massive attention!
And all owners will vote to get it on an exchange, etc!

14  Bitcoin / Bitcoin Discussion / THIS is why Bitcoin will be succesfull... (answer: support by developers) on: January 21, 2014, 07:01:04 AM
Bottom up approach:

1. New product / services can only be succesfull if supported by developers
See video of Steve Ballmer from Microsoft on "Developers" :-)

2. There are many, many examples, here is a recent one:
"I am a web developer for one of the largest museums in the US. How can we start using Bitcoin?"
15  Bitcoin / Bitcoin Discussion / How do you store your passwords? on: January 14, 2014, 05:59:22 AM
Hi all,

How do you store your passwords?

This is how I store my password (and related recovery information):

1. First, use two factor authentication for your wallet.
2. Do not forget to store the keyphrase to re-enable this on another phone if needed (if you will loose your phone).
3. Use a long 'random' password, like: fLF)(kfkljf_(&F763kjhdlzpgfI46#_!eoslks9fPFODu38347dhls98f5vcte_BTC_RULES_O_YEAH
4. Store your password (and related info to recover) in a text file in an encrypted RAR file (which is encrypted by 128 AES, with a very long password with capitals and non standard characters)
5. Rename this RAR file to an innocent ZIP / DOC / JPG
6. Put this file on USB and to a well known online cloud service (if your house will burn down)

By the way, it seems people are able to recover passwords for bitcoin wallets if needed:
I hope I will never have to use them.
16  Bitcoin / Bitcoin Discussion / Central Banks could EASILY destroy Bitcoin (if they want) on: January 10, 2014, 06:01:19 PM
** I am LONG on BTC, but want to understand if this scenario would work **

The current market capitalization of crypto currency is about 13 bln.
See at footer / bottom of page of:

WHAT IF they would create/print some dollars, slowly buy significant amount of crypto currency at current market prices and then dump it all at once. They would do this in cycles, each time creating a crash.

The FED has about 4000 bln outstanding.
If they would just create 4 bln USD, buy BTC and dump it, it would already probably work.
But ok, let's suppose they do this (in cycles!) with 40 bln (who cares is money out of thin air).
This 40 bln would represent only 1% of their current balance.
And this is only the FED.

Here is size of printed money from the 4 big central banks right now...


And here is projected increased size for the FED only...


17  Bitcoin / Bitcoin Discussion / Bitcoin = unicorn ?! on: January 09, 2014, 12:23:11 PM
Seriously. I kid you not.

O no.. Actually the designer was looking for dolphins ?! ? WTF ?  What did he take?

Cover with unicorn:

Why unicorn:
18  Economy / Service Discussion / WTF is HYPAY ? on: January 09, 2014, 10:22:39 AM
Somebody created this comment on

Greg Smith 09.01.2014 08:56
Decentralisation is the problem. The answer is HYPAY Money, which will guarantee traders up to 1m ($1.6m) against loss, fraud and or theft. Mark your calendars for 24 February 2014 - the day HYPAY Money starts trading.

"Move Over Bitcoin, Trading In HYPAY Money Starts In ...
BITCOIN, currently the global leader in cryptocurrency, faces stiff competition in early 2014 with the anticipated launch of HYPAY Money .
Cryptocurrency is a digital medium of exchange; an alternative, if you will, to the traditional fiat currencies used by every nation around the world.
HYPAY has set mid-night, 24 February 2014 as the time and date to launch the "start of trading" via its secure platform.
Plans are to operate a secure web wallet system, including mobile, iPhone and Android Apps that will allow users the opportunity to buy, sell and trade HYPAY units. Send HYPAY Money, receive payments, earn commissions. The sky is literally the limit with HYPAY.
The service will be offered free of charge with a number of different methods for funding accounts, including bank wire, PayPal and payment by mobile account.
To protect users' details, upon registration, HYPAY traders will be given an email address so that their details remain confidential.
Merchants will be paid to accept HYPAY and applications are being invited from 'real world' and online business operators, everywhere.
A lucrative Affiliate scheme has also been devised that will allow anyone to earn HYPAY Money for Tweeting positively about HYPAY, or by updating their status on Facebook or LinkedIn with a positive word or two about HYPAY or by simply providing a link back from any personal or business website to HYPAY's website.
'The world is changing, shouldn't you?' is one of HYPAY's trademarks. Isn't it time you considered a change in the way you make payments and receive money? HYPAY Money . Make the change .
For more information or to get notified when trading begins visit"

This is on LinkedIn:
About HYPAY Money LLP. HYPAY Money LLP (HPM) is a global cryptocurrency exchanged via a secure web wallet platform. There are three primary ways to obtain HYPAY Money: (1) Buy upon issuance; (2) Earn through marketing and promotion on our behalf; and (3) Trade with someone who has HYPAY Money. Merchants are paid H5000 (or more subject to guidelines) upon sign-up as an incentive for accepting HYPAY Money. Anyone can earn HYPAY Money by promoting the currency through their social media accounts.
HYPAY Money , The World Is Changing, Shouldn't You?  and HYPAY Unit Payment System are trademarks owned by HYPAY Money LLC

Here is profile from creator of this linkedin page:

19  Economy / Speculation / Revenge of the nerds - Why one Bitcoin will be valued 40.000+ USD on: January 08, 2014, 08:09:51 AM
Hi all,

It is hard to grasp the exact basis of the real economical value of bitcoin and the bitcoin currency.
This author has an interesting statement with some good arguments.
      Bitcoin is the Linux of payments. And its killer apps will be for US dollars

Basically, he expects that the bitcoin methodology/protocol/technology will be a succesfull transparant layer without the necessity for the bitcoin currency to be fully explicit available to consumers. If this is true, then some BIG questions (for investors) are:
A. Scarcity: Does scarcity of bitcoin matter? (this layer can be used with transactions of 10 BTC each, but also of 0.00001 BTC each?)
B. Fiat rate: can the layer be succesfull with ANY fiat rate of the BTC currency? Does it matter if BTC has value of 1 USD or 1.000 USD ?
C. Invest: If A and B do not matter, then 1 BTC could also be valued at 1 USD?

The above may be true, however, what is not includes in this analysis, are the following 3 arguments/factors:

*** Revenge of the nerds - Why one Bitcoin will be valued 40.000+ USD ***

1. Revenge of the nerds.
A. Imagine all the hours spent on open source projects / peer to peer (distributed stuff).
B. Image all the effort to commercialize part of these efforts.
C. Now imagine how economical succesfull companies these efforts have been (napster, kazaa, bittorrent, wikipedia, linux, mysql, android, apache, etc)
D. Now image all the money consumers have paid for this.
Now image if all effort at A could be directly funded by D.
This is what I call: "Revenge of the nerds", cut out the middlemen, etc.
Of course, Bill Gates and Steve Jobs immediately got paid for their efforts and were able to go from D to A instantly.
But for the other 99,9999% of all nerds, they are not rewarded for the creativity and value they bring to society.
With Bitcoin we close the loop from D to A :-) !
=> this will create an explosion of commercially viable innovations with a large demand for the bitcoin currency!

2. Significant investment has been done and will be done by entities with deep pockets:
- Bitcoin Price Could Reach $98,500, Say Wall Street Analysts /
- Wall Street Will Put 'Hundreds of Millions' Into Bitcoin /

3. This is the best quantified argument:
Bitcoin can compete with 3 current products / services with a certain value: 1. foreign exchange, 2. protect inflation, 3. asset/gold
  - See:
  - See:
If Bitcoin in 10 years will capture 1% of this value, the value of 1 BTC is projected at $1,041.
If Bitcoin in 5 years will capture 5% of this value, the value of 1 BTC is projected at $10,407.
( My expectation: for this factor, we will end up somewhere in the middle of the chart, that is: between $5k and $40k per BTC )


If you combine factors 1, 2 and 3, my expectation is that we will reach a real economic value of at least $40k per BTC in 5-10 years.
We will predict this value within 2-3 years from now and hype it, companies will react to it and include it in yearly plans, build services, products with it, etc.

=> So in 2015 Q2/Q3 we will reach $40k per BTC
20  Bitcoin / Mining speculation / New CloudHashing contracts ($9.49 for 1 Gh/s) are NOT profitable? on: January 02, 2014, 08:37:51 AM
Here is press release:
"In the Bitcoin mining industry, where projections but not promises are the norm,'s announcement could shake up an already extremely competitive industry at a time when Bitcoin is becoming more mainstream.
The company announced that customers can now pre-order cutting-edge Bitcoin mining contracts at a cost of just $9.49 per Gigahash/sec guaranteed to begin Feb. 15 or full refunds will be given. This cost-per-Gigahash is significantly less than anything announced, and's established track record of delivering cloud mining services since July makes the announcement a potential game changer.
Additionally, announced a reduction in its mining pool fee from ten percent to three percent along with the elimination of management fees. These fees are used to pay for electricity and maintenance in the datacenters."

You have to order 100.00 Gh/s for 949 USD minimum.

If we now calculate at
(with hardware price 0, power 0, delivery cost 0, setup 0, maintenance 0, etc)

If start date = 2014-02-01, then in 1 year the return is 726.80 USD
If start date = 2014-02-15, then in 1 year the return is 539.30 USD
If start date = 2014-03-01, then in 1 year the return is 399.70 USD
Profit: 949.00 USD - 539.30 USD = 409.70 USD negative profit!

** CONCLUSION: this investment probably will return a loss with current BTC/USD rate and expected difficulty increases **

Alternative scenario: ONLY if we change BTC/USD to 1,317 USD, we will break even ... :-)
Pages: [1] 2 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!