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1  Alternate cryptocurrencies / Altcoin Discussion / The future of altcoins on: October 12, 2017, 06:53:02 PM
In short: there's no future for altcoins, not like it was before.

Lately I'm not paying much attention to news or the threads created on bitcointalk, but in my opinion we're witnessing what I was expected to happen: Atlcoins and ICOs are destroying each other. Several years ago you could have launched a coin, make some fancy logo and promises, and voila - you make easy money. But back in the days there were no 100s of billions $ involved on a monthly basis and scammers were not affecting the market this much. How about ICOs? I'll call these guys "dreamers". They are a hybrid/crossbreed between a scammer and people who think that they will change the world. And whats even worse - many people believe in that. 

Nowadays you can pretty much raise millions of $ in 5 seconds on "ideas", which (if you at least try to think harder) doesn't have a practical use. And when the time proves it, the ones who took money for their "ideas" are saying "We tried" and the masses are dumping. But you don't have to be a genius to see that this "system" is already exhausting. Also, you don't have to be a genius to listen that the word "regulation" now sounds louder. 

Guys, only several altcoins will stay, because this is what I also expect to happen:

1) Bitcoin is already regaining its dominance and it is a matter of time to explode ($5300 is still a joke).
2) Regulations are coming and most of the alts will die.
3) People won't be allowed to launch new projects, even if they have invented the tap water.

I will try to speculate and state that soon there will be no more than ~50 digital currencies. 
2  Economy / Speculation / I've noticed something strange on: October 02, 2017, 07:51:03 PM
Hey guys,

As the title says - I've noticed something strange. Some major currencies are losing short-term value (not only against EUR/USD/GBP/name_your_currency), but against Bitcoin as well. I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Reading my thoughts this way looks hilarious, but "myself know what I mean". We've seen this before, but I'm pretty sure something is about to happen.

What are your thoughts?
3  Economy / Scam Accusations / I am looking for more info on InternetCoinExchange on: September 16, 2017, 03:26:06 PM
 Hello,

There is a scam accusation against this "exchange" (with quotation marks, because I've never heard of it) and we're talking about 250+ BTC. I am going to try to help the investigation and I can guarantee that the accusation is legit as the victim is a friend's friend. 

The reason to post this here is because I found nothing about them here in the forum and I'd like this to serve as a future reference.

I kindly ask for more information on them (if you have any).

Website: www.internetcoinexchange.com
Twitter: https://twitter.com/InternetCoins

Thanks,
Spartak
4  Alternate cryptocurrencies / Altcoin Discussion / Do you still support Ethereum? on: July 21, 2017, 02:34:27 PM
I can't name any other coin/token, which failed more times than ETH. It's not about loving or hating it, it's all about people losing money, because of situations which can be avoided. I would care less if these ETH based projects were not asking money from the masses, but that's not the case. And believe me when I'm saying that Ethereum has some powerful lobbyists. Otherwise its price would be probably 1/5 from the current one.

Didn't we had enough of this?
5  Alternate cryptocurrencies / Altcoin Discussion / Wallet features on: July 03, 2017, 09:18:10 AM
Hello,

What are the latest "gimmicks" in a coin's wallets? I am looking for some suggestions.

Thanks,
Spartak
6  Alternate cryptocurrencies / Altcoin Discussion / Vitalik openly admits he doesn't trust his creation on: June 22, 2017, 06:34:15 AM
That's right, folks. This is the difference between people like Charlie Lee, who left their job to focus on their creation and people like Buterin who "diversify" in boats and bitches. He just used other words such as "fiat", "real estate" etc.. What happened with "welcome to the beginning"? Many of you (at least I'd like to think so) are happy if they manage to sell 10 ETH (or BTC, or whatever) and buy back 11, while people like Vitalik are "diversifying" in something else. If you think that guys who are taking your money to fund their projects have the right not to believe in their creations, then you are free to call me a troll. The guy is already a millionaire in fiat and he's set for life, so he can easily afford an ETH/BTC/whatever failure, but no... he is "diversifying" in boats and bitches. What a hypocrite.............   

My respect to this guy just vanished.





Source: https://twitter.com/CryptoChrisG/status/877667235795419137
7  Alternate cryptocurrencies / Altcoin Discussion / The stupidity of crowds on: June 20, 2017, 01:17:33 PM
This bubble of ETH based ICOs will most likely eat our asses pretty soon. What happened with decentralization?

a) We have a "Put_your_name_here" project with a minimum goal of (say) $5 Million + 30-50% premine - for "future development" and developers.
b) All of these projects (and I'm not saying this for the first time) have CEOs, CTOs etc., which has nothing to do with decentralization (as they should not be a company, nor they should have a huge premine).
c) Most of the people involved in these projects are with huge experience. Their combined experience is twelve billion years in the industry! They already launched five million projects with a combined turnover of USD $120 Billion/week. Yet they are asking for your money?

Should I mention the current issues of ETH?

And in five weeks/months/years, when the bad Americans (or Russians, just pick a nation) comes up with some law, you are all crying: "These bastards are f*cking with Bitcoin! Sad", and believers: "Nothing can stop Bitcoin, even if they dump it down to $10!".

But please don't mind me. I'm just a guy who "missed the train".  

WTF is wrong with you people?!
8  Alternate cryptocurrencies / Speculation (Altcoins) / Litecoin has surpassed $50 for the first time in history on: June 19, 2017, 08:41:00 AM
Over 1000% increase for the past 3 months and that's actually a coin who deserves it. I am very happy for the ones who hold! All hail LTC!
9  Alternate cryptocurrencies / Altcoin Discussion / Which PoS coin is "the best"? on: June 08, 2017, 02:40:53 PM
 Hello,

I would like to hear some opinions about open sourced PoS coins, since I didn't followed their progress recently. I know most of the weaknesses of PoS versus PoW and vice versa, so I kindly ask to avoid such discussions. Some suggestions about cool features in wallets are also well welcomed.

Thank you in advance,
Spartak
10  Alternate cryptocurrencies / Altcoin Discussion / SB1241 and its effect on digital currencies on: June 07, 2017, 03:59:45 PM
Any thoughts?

Quote
SB1241 was referred to the Senate Judiciary Committee on May 25. This is the preliminary step before a bill can be introduced into the House or Senate for debate and, perhaps, a vote. In short, S1241 is in the earliest stage of legislation, and many bills never make it out of committee. If it does move forward, then the billís sweeping scope may be a barrier to passage in either the House or the Senate. On the other hand, the draft bill may deliberately express overreach in order to provide room for negotiation and compromise. And another terrorist attack on U.S. soil could create a political hysteria that the bill could ride into becoming law.

Full article: https://news.bitcoin.com/prepare-for-sb1241s-pit-bull-assault-on-bitcoin-freedom/
11  Alternate cryptocurrencies / Altcoin Discussion / What's wrong with you people?! on: June 02, 2017, 10:44:03 AM
The latest craziness is called BAT, which raised some USD $36 Million in 20 seconds. And now a day or two later comes with a USD $170 Million market cap + huge premine. People work for 20 years to buy a house (and this applies for a tiny % of the world's population, because for example, in my country (Bulgaria), a person with average salary will need to work at least 17 years and saves 50% of it to buy an apartment). Now every second 15-year old nerd who invested his lunch money in Ethereum (or NEM, or whatever...) some 2-3 years ago is now a f*cking godzillionaire and he can buy entire town. Not long ago I said we are in a bubble, but I was wrong. This is a f*cking disaster! Can you imagine the levels of inflation, which digital currencies can create? The great depression, Zimbabwe's inflation and housing bubble combined will look like a jokes. Maybe this was the idea behind Bitcoin. About 45 years ago Nixon ended convertibility of US $ to gold and it appears that after several years banks will "back" their fiat money with... Ripple or BallsCoin.

But hey, making money is a good thing, right? Enjoy the ride! 
12  Alternate cryptocurrencies / Service Discussion (Altcoins) / What's with the Siacoin wallet on Poloniex? on: May 26, 2017, 08:38:53 AM
Hey guys,

Does anyone know why you cannot deposit/withdraw Sia on Poloniex? It appears that the issue is at least few days old, but didn't found explanation (other that they have some unspecified problems with the wallet).

Thanks,
Spartak
13  Alternate cryptocurrencies / Altcoin Discussion / Bitcoin was just dumped down to $2360 on: May 25, 2017, 04:56:35 PM
Current average price is $2470 and market cap $85 Billion. Let's see what happens in the coming hours/days and how it's going to affect alts...


14  Alternate cryptocurrencies / Altcoin Discussion / What if... on: May 25, 2017, 12:21:34 PM
Ethereum without question has a significant contribution for the current success of a lot of digital currencies (and, of course - current price of Bitcoin), but what if someone find another major flaw as they did with the DAO? Some of you may remember that about a week before DAO attack I've opened a thread (https://bitcointalk.org/index.php?topic=1504662.0) and expressed some personal concerns. One of my statements was:

Technology is becoming more and more sophisticated. I'm kinda against that, because majority of the people are not "geeks". This could be a big problem for Bitcoin (and others), since it is cryptocurrencies against fiat money "thing" (i.e. people vs. banks). Making things more hard to understand will eventually interfere the adoption of the cryptocurrencies (at least in the way we see it now, because in the future, the banks can use the technology for themselves and the ordinary guy will be screwed... again). Maybe current technologies may find its use in 5-10-20 years (who knows...), but not now...  
 

I still think we're in a bubble (link to another thread: https://bitcointalk.org/index.php?topic=1926969.0) and while I am very excited, I'm also extremely scared... Can you imagine what might happen with Bitcoin price and all these Ethereum based ICOs and crowdsales, which raised vast amount of money? Don't get me wrong - I will repeat that personally I don't care about BTC's price as long there is some stable growth. I am here for the long run (after at least next block reward halving) and I strongly believe that what we're seeing now is still nothing. Digital currencies are potential market for trillions of $ (or euro - whatever suits you). 

What do you guys think? 
15  Alternate cryptocurrencies / Speculation (Altcoins) / We're in a bubble on: May 21, 2017, 10:21:36 AM
I think everyone with at least half a brain knows we are in a bubble. What's the reason of latest Bitcoin increase? 100s of thousands unconfirmed transactions? How about all these crowdsales and ICOs based on Ethereum? All these "exciting" projects? Why DGB is close to 900 satoshi? DOGE? My personal opinion is that the price of a coin (or whatever) should be justified with usage and I don't think that usage of digital currencies has increased THIS much. Don't get me wrong - I'm also excited with the latest BTC increase and everything, but I'm always thinking about the future and now I think it looks scary...
16  Economy / Scam Accusations / Yet another scam accusation against YoBit on: May 15, 2017, 06:04:31 AM
Last year I opened a scam accusation against YoBit because of ARCO (AquariusCoin (link to the scam accusation thread: https://bitcointalk.org/index.php?topic=1693981.0)), painted them and some of their staff in red and they solved the issue (https://bitcointalk.org/index.php?topic=1693981.msg17019449#msg17019449), but this time my patience is over. See my tickets to YoBit:



They needed about 7-8 months (time frame painted in red, but I opened the first ticket after some time) to update the wallet and now it's taking about 2 months (painted in black, but again the first ticket was opened after some time).

You may think of it like it's just another s*itcoin under maintenance, but there are financial losses to ARCO holders! Currently I am able to see about 22k coins in sell orders up to 3600 satoshi, but I suspect they are a lot more and that YoBit is probably staking the coin. Where is the financial loss here? Well, I am a major holder (though I have 0 coins on YoBit) and I have about 115k coins. I am able to stake about 10k coins/month, which at current prices (ARCO ~2500 satoshi & Bitcoin @ $1760) means ~0.25 BTC/month or $440. Let's assume that these 22k are 1/5 of my holdings. This means ~0.05/month, ~0.5 BTC for these ~10 months under maintenance or $880. Now imagine if they match my wallet? We're talking about close to $5,000 potential loss of the holders for doing nothing (other than to keep their wallets open 24/7). What if the price goes up (ARCO's current supply is only 1.2 million coins, there are real people behind it and there's much space to grow)? What if we mention these other 10s (or maybe 100s) of coins, which are under maintenance for months? I am almost certain that YoBit screwed people with 100s of thousands $!

Guys, please post link to threads of coins, which are under maintenance for too long and share since when they are under maintenance. I'm not removing my negative trust, until ALL of mentioned coins are not fixed and I kindly ask fellow trusted members (at least I'd like to think I am one...) to paint them in red as well! 

IF the issue with ARCO is not fixed within the next 10 days (until May 25), then I'll do even more than just opening a thread against you.

To all - my suggestion is to withdraw your coins (if possible) from the exchange, because (I repeat as I said in the previous thread) they will disappear...

YoBit (https://bitcointalk.org/index.php?action=profile;u=406594), fix your shit!

Cheers,
Spartak
17  Alternate cryptocurrencies / Altcoin Discussion / Litecoin is a billion blockchain again on: May 03, 2017, 06:27:23 PM
Suck on that!


18  Alternate cryptocurrencies / Altcoin Discussion / Not a single thread about vTorrent... on: April 03, 2017, 04:46:06 PM
I wonder why? Maybe because the dev is just working and don't deals with most of you trolls, which are only looking for shiny graphics and fast profits. Smiley I'll just leave this here:

19  Alternate cryptocurrencies / Altcoin Discussion / HackerGold (HKG) has a SERIOUS bug on: January 08, 2017, 01:51:02 PM
"Ether.Campís HKG Token Has A Bug And Needs To Be Reissued
Ether.Campís Hacker Gold Token (HKG) was found to have a bug in it. The bug is serious enough that the contract will need to be rewritten, and the tokens reissued.

According to Ether.Campís white paper, their Hacker Gold token (HKG) isnít primarily a store of value, it acts more as a reputation marker. HKG tokens were issued during the incubation period of the Ether.Camp Hackathon competition and they allowed interested parties to buy other tokens of individual startups. However, it was just discovered that the HKG tokenís contract code happens to have a bug in it.

The bug was only recently discovered by Zack Coburn, a developer whose main projects are Etherboost, a decentralized trading hub, and FirstBlood, an Ethereum eSports rewards platform. After getting in contact with Ether.Campís CEO & Founder Roman Mandeleil, Coburn was asked to submit a vulnerability report on GitHub, which can be viewed here (https://github.com/ether-camp/virtual-accelerator/issues/8).

The bug was found in the transferFrom() function of the HKG token contract. Exploiting this vulnerability would allow a bad actor to reset an account balance. This bug is significant enough to warrant a reissuing of HKG tokens after a fix is made. The entire vulnerability was made possible because of a minuscule snippet of code that read ď=+Ē instead of ď+=.Ē Vitalik Buterin himself chimed in on a reddit discussion about the bug, writing:

Quote
IMO this is a matter of language unintuitiveness; =+ should not be legal. I'll be checking Serpent and Viper for this. One way an FV checker could have prevented this though if it was standard for currencies to include an invariant that the total supply never changes.

In the vulnerability report, the recommended fix is to create a new HKG contract that corrects the bug, as well as restores all account balances to what they were before the bug reared its ugly head. Dapps that internally track the balances of HKG will need to be taken into account, while exchanges and token holders will also need to be notified about any new token contract. Because the flawed StandardToken code that initially created the HKG token was used to create all hack.ether.camp team tokens, those tokens are affected as well.

ETHNews reached out to Ether.Camp, but they declined to comment while work is underway to fix the flaw. We may expect to hear from them about this developing story in a few days.

Originally, Zeppelin had performed an audit of the HKG token code and found no severe security problems. This only serves to show how sneaky even the smallest bugs can be, even surviving a public code audit. Ultimately, this speaks to the importance of using proven code and performing rigorous tests when writing smart contracts.

The entire blockchain ecosystem suffers when situations like this reflect insecurities. Bugs are always going to plague computer code, but when found in such a fledgling field, they are scrutinized and can cause skepticism. To ensure the safety and reliability of any code written, itís important to follow industry standard best practices. When Ethereum encounters a bug, investors may get nervous, but as developers continue learning from their mistakes and othersí, the system as a whole becomes stronger and more resilient, leading to a more secure Ethernet ecosystem in the end.

Source: https://www.ethnews.com/ethercamps-hkg-token-has-a-bug-and-needs-to-be-reissued
20  Alternate cryptocurrencies / Altcoin Discussion / Looking for partnerships with as many altcoin teams as we can on: January 04, 2017, 03:57:51 PM
Altcoins are not dead! I'll admit that I'm gloating, but some of you can imagine how hard is to develop something (especially with such name....). See what happens now:



Yesterday I've said that FAILCommunity is going to surpass Coindesk and Cointelegraph in Facebook page likes. Below you can see what happened in 28 days:



Reaching out to over 27 million people in a month doesn't mean they will all use a given cryptocurrency, but its surely a solid user base. I urge all of you who are involved in good old projects to unite and Make Altcoins Great Again! Let's discuss something like a "Altcoins Alliance"!
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