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1  Economy / Speculation / Dump the news? on: August 24, 2017, 04:27:33 AM
It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?
2  Alternate cryptocurrencies / Altcoin Discussion / How to notice occuring forks in an altcoin? on: August 24, 2017, 12:46:44 AM
Altcoins fork sometimes due to various reasons.

I was wondering if there's a reliable method to detect how many chains for a coin are actively mined at a given moment in time? Anyone know of a good method of detecting this?

edit for clarification: we're talking about unwanted forks not forks by the dev. The kind of forks that happen from attacks, code issues, hashrate fluctuation and whatnot. So not regular and announced forks but accidental forks.
3  Alternate cryptocurrencies / Altcoin Discussion / How to create the illusion of 11million$ marketcap with only a 100k$ presale on: June 11, 2016, 01:32:19 AM
To acomplish the task of creating a coin valued at 11 million i only need 1 million to start out and i will not spend or even risk this 1 million in the process, instead i will make huge bucks without risk to myself.

I show you how in this thoughtexperiment:

1st step: announce a presale for the token with a shiny website and lots of promises about future developement here on btctalk (use lots of marketing buzzwords about inovation and sockpuppet accounts confirming your bullshit too)

2nd step: find exchange to list and start the presale

3rd step: buy my own token for my 1 million$. This will create the illusion of demand for my presale to outsiders

4th step: after presale, get my 1 million $ handed back to me plus the tokens i bought from my own presale plus the 100k$ which was "invested" by degenerate gamblers who were misled into giving me money.

5th step: hype it hard!

6th step: pump it up with the 100k$ i got from the gamblers. Since i hold 90% of the coin supply which i got for free and i hold 100k$ which i also got for free i can now safely pump the coin with those 100k$ to exactly 10 times the presale-cap of 1.1 million which is in this case 11 million. If traders buy into the rise we're easily going higher.

Et voila, i just created 11mln$ cap without risk for myself and without spending my own money. I can now start to slowly cash out at the highest possible price my 90% supply.
And the best thing about this is: nobody even has a clue what just happened. If i am smart there won't be any evidence and i can also repeat this process as often as i like. Also i can still aditionally give myself officially a developement-fund on top of it, so i could be holding 95% or 98% in this.

edit: if i even can get an IOU listed on yobit i could pump it up to some unreal number so people will have high expectations. I could come out with a 100 million coin potentially ... all only riding on 100k$ stupid money.
 
protip: none of it is real when it was distributed with a sale. Now you know where all the big money suddenly comes from to pump these shitcoins to these prices and why the rest of the market doesn't move; because it's not real. That money isn't there.
 
Keep having fun with presales, people. Good luck with that.
4  Alternate cryptocurrencies / Altcoin Discussion / The case for merge mined coins on: June 10, 2016, 10:36:04 AM
Speaking as a trader and investor, merge mined coins seem to be undervalued to me.
They generally don't have shiny brands and lots of short-term hype. And they are mostly old coins.
Most technical developements in crypto have been going nowhere and most ideas never were finished. Not so merge mining. It is working like a charm and seems to be reliable.

Why are merge mined coins of interest?
For a whole set of reasons:

1st) MM with bitcoin makes a coin very secure if/when it is adopted by enough btc-pools.

2nd) They somewhat defy logic and gravity because normally running a network costs huge bucks. These costs mostly are hidden in the inflation of the coin. This translates to: The user of a coin who is not mining the coin does pay an invisible tax to the miners (the inflation) for their work of keeping the network running. These costs can sometimes be very high. For Bitcoin currently the costs per transaction are 10$. (https://blockchain.info/charts/cost-per-transaction)
These pretty high 10$ are calculated this way: "global earning of miners devided by number of transactions"

That being said, an altcoin network running on its own does also produce costs in relation to its marketcap. More often than not an altcoin shows an initial pump and an endless slow decline afterwards. These long slow declines you see in the charts of almost every altcoin are primarily caused by the oversupply the inflation causes constantly. So what inflation does is pushing down your price very little but all the time.

Merge mined coins now in comparison can be run much cheaper because the bitcoin miner is mining bitcoins anyways. For him a merge mined coin is a matter of setting it up once and getting a small aditional income from his btc mining activities. It's a win-win situation. The miner gets more for the same hashpower and no aditional cost while the coin gets exposure to bitcoin hashpower for only small costs. Basically merge mined coins do carry hashpower which is enormous and could never be paid for by those coin communities if it was running on its own.

I hear people often say "a coin looses its personality when merged with btc because now it's only a byproduct from btc mining" . I hear this line very often and i think it is utterly irrational. Because merge mined coins are cheaper, more secure, have less inflation and live much, much longer. MUCH longer.
Now your "feeling" towards the process of creation doesn't match with the facts. Oh, wait, people saying that are likely miners who want to mine shitcoins and dump and move on. Right, merge mined coins don't accomodate the parasitic miner that's why he doesn't like them. Most people making arguments against merged mining are of that sort. They shouldn't hold it down, though. Also their interest is opposite of investors interests. In a merged mined coin investors interests and miners interests are similar and both are happy about each other.

Basically all these alts that are mined on their own have some initial hype, people buy it, interest peaks and after that point inflation pushes the price over the next 6 to 12 months to near zero. This pattern repeats over and over in coins. Not in merge mined coins with low inflation. They can be kept afloat even with low interest.
This means MM-coins are basically a group of altcoins that aren't suffering from the very fast dying off or being completely abandoned like you see it with most of these fad-coins that pop up this week and are forgotten 2 weeks later and drop to zero

So from the standpoint of an longterm investor in altcoins merge mined coins are first choice because they normally don't depreciate to zero the way the stand-alone-coins do and they are better store of value due to very low inflation. Stand-alone-alts aren't a place to park your money longterm, merge mined coins are.
A solid merge mined coin is a real alternative for money-storage to Bitcoin and Litecoin.

And last but not least: Bitcoin blocks are full now and fees should rise. People could look for alternative chains to make txs on. Merge mined chains are just perfect to take on parts of the bitcoin load. So with this background they could possibly even turn out real good investement in case people would wake up to them. Currently these coins seem a little bit forgotten and aren't hyped a little bit so the entry they offer isn't so bad at all.


Merge mined coins with btc on the market include:

-IXcoin (no more blockreward TX fee only)
-i0coin (no more blockreward TX fee only)
-Unobtanium (active community and good things happening here, blockrewards for 300 years planned out, micro-inflation)
-Devcoin
-Namecoin
-SyS (just forked to AuxPow 256)
-HunterCoin? (vague recollection it is MM but also heard rumor it code is faulty)
-Myraid (fairly sure it is MM on the Sha256 vein)
[also XCP and Omni platforms use the bitcoin hash, slightly different than AuxPow 256 tech]

Merged with Litecoin:
-Doge
-Via
-eCanada
-Peseta
-Umbrella
-Taco


Personally i do think every longterm crypto-portofolio should have a portion in merge mined coins. But that's just my 2 cents.

Disclaimer: the author is holding merge mined coins (of course)
5  Alternate cryptocurrencies / Altcoin Discussion / ETH will be killed off by XCP. Here is why. on: June 09, 2016, 08:56:31 AM
found this online:
https://www.cryptocoinsnews.com/counterparty-brings-ethereum-smart-contracts-to-the-bitcoin-blockchain/

When counterparty enables running smart contracts from your btc-adress then it defeats the whole purpose of the Ethereum network because:

-running xcp will be more convenient in particular for btc-users than actually running eth
-xcp and btc are likely better distributed than eth
-xcp provides higher security thanks to pow-hash in btc
-these contracts not only more convient to run, they are also cheaper to run AND hold because of much lower inflation and in xcp you don't have to pay that useless hash in eth that's actually just producing heat currently. So in xcp no additional hash needs to be payed.

XCP is significantly cheaper to run and more convenient to the bitcoin-user than ETH is.

Now can someone tell me again why anyone should use ETH instead of XCP? ETH lost its usecase and bullish outlook entirely thanks to this news.

All comments and opinions welcome but please keep it civil.

Disclaimer: i am not holding any ETH or XCP at the moment.
6  Bitcoin / Bitcoin Discussion / Proof: transactions are too cheap (do Gavincoiners bloat the chain on purpose?) on: July 03, 2015, 12:25:31 AM
Currently i noticed a a service that sends 0.1 millibitcoin to random active adresses with a message attached to double ones bitcoins at his adress (example adress: https://blockchain.info/en/address/19Sp5HuwrcW23TetC9kE5WMqziUSXLjYyY). Maybe this is even orchestrated by the Gavincoiners to fill blocks up to force people into Gavincoin (xt).

Regardless of that i think this service is proof transactions are too cheap.
With Gavincoin these type of activities would just grow larger and in the end the bitcoin blockchain is filled with trash and bloated to such a degree that it becomes unattractive to adopt for people due to bandwidth and storage requirements.

Do we really need to risk a meltdown in marketcap and make bitcoin harder to access (system and bandwidth requirements) just to keep these types of services alife? Or would it not be more sane to let fees rise a little and push meaningless crap like that off the chain?
Is the bitcoin blockchain a dumping ground? Gavincoiners certainly would think so.
7  Bitcoin / Bitcoin Discussion / 1MB vs Gavincoin video explained in 3 minutes on: June 12, 2015, 12:31:34 PM
Found this online:

https://www.youtube.com/watch?v=cZp7UGgBR0I

Makes sense to me. Thought i drop it here.
8  Bitcoin / Bitcoin Discussion / The overlooked existential threat of centralization on: June 11, 2015, 06:50:52 PM
Bitcoin is more and more vulnerable the less nodes it has.
The less nodes it has the more likely a ddos becomes which could have fatal consequences.
This kind of attack where an only medium size enitity (like mastercard or visa for example) could ddos 90% or more of the nodes on the network is highly overlooked and underestimated. That's also a reason a blocksize increase which would further reduce nodes is very unwise.

Imagine Bitcoin with less than 1000 nodes ... it wouldn't be secure at all anymore.

If someone really would manage to ddos almost all nodes on the network i could imagine multiple forks to occure.

Correct me if i'm wrong.
9  Bitcoin / Bitcoin Discussion / To fill Gavincoin blocks up to the max of 20MB is relatively cheap on: May 30, 2015, 10:14:32 PM
Calculating:

2.7 (txs/s) * 60 (per minute) * 60 (hour) * 24 (day) * 0.0001 (fee) * 20 (Gavin factor) * 200 (usd price) = 93312 USD to spam up Gavincoin to full 20MB blocks and render it unuseable aswell as filling up peoples' harddrives around the world with 2,88 GB of data per 24 hours (!!!)

conclusion:
Gavincoin can not be defended against banks or governments or even a (bitcoin)millionaire

Anyone who is willing to spend around 100k$ per day can make Bitcoin unusable for almost anyone and bloat the chain in an extreme way and doesn't even need any mining equipement for the attack!

A measily 40 Million spent on such an attack would bloat the chain to 1 Terrabyte. For many entities that's not a lot of money.

#justsayin'

Gavincoin is not defensible against spam.
10  Bitcoin / Bitcoin Discussion / So the destruction of Bitcoin is now official? on: May 30, 2015, 02:17:09 PM
According to this: http://www.reddit.com/r/Bitcoin/comments/37pv74/gavin_andresen_moves_ahead_with_push_for_bigger/
the Bitcoin community shall be forced at gunpoint out of Bitcoin into Gavincoin.
There will be Gavincoin/Bitcoin pairs at the exchanges and there will be a split not only in the community and developement team but in mining and blockchains aswell.
When the Gavincoin fork takes effect there will be a Bitcoin blockchain (old) and a Gavincoin blockchain (20MB fuckery). Both will at least for some time coexist and people will trade these coins against each other.

What will be the longterm effects on investors sentiment from this?
What will be the effects on sudddenly double the number of Bitcoins existing?
Will the price go in half? What are possible scenarios how this could play out?

How are you personally planning on reacting to this?

I know i buy fiat and altcoins to sit it out. Like to hear your opinion. Will you be blackmailed into using Gavincoin or will you continue to use Bitcoin core?
Or will you exit entirely or buy altcoins instead?

Love to hear some opinions especially from those who aren't supporting this whole Gavincoin fork madness.
11  Economy / Speculation / Compare gold chart to bitcoin chart. Very similar. Must see. on: April 25, 2015, 10:09:58 AM
gold:


bitcoin:


Striking similarity. I thought it's worth sharing.


seen here: https://twitter.com/CryptOrca/status/570430146433437696
12  Alternate cryptocurrencies / Altcoin Discussion / Unobtanium shows classical bubble break pattern [TA] on: February 12, 2015, 10:39:22 AM
example of bubble break pattern:



Uno this week (after rising and being bullish for 8 months+) :



Unobtanium bubble incoming!!!
13  Alternate cryptocurrencies / Altcoin Discussion / I think something just happened ... on: January 11, 2015, 04:20:24 AM






Calling early.
Draw your own conclusion.

https://bitcointalk.org/index.php?topic=527500.0
14  Economy / Speculation / Good point to freak out would be ... on: December 18, 2014, 05:07:06 AM
right here.
Panic is recommended once that line breaks for  longer than a few hours.  




If panic breaks out and Bitcoin would go to hell and not rebound very fast to new highs the fail would be confirmed and going to Zero would be inevitable in the long run.

I thought i leave a comment about it...
15  Bitcoin / Bitcoin Discussion / Vitalik Butterin - a communist who wants to introduce price fixing to bitcoin on: December 07, 2014, 01:22:04 AM
http://www.coindesk.com/can-bitcoins-price-ever-stable/




is this the dumbest shit i have been reading in a long time or what?

I'd suggest to boycot coindesk aswell as Vitalik Butterin for facilitating mental diarrhea aswell as for excessive trolling.


On the content: it's already shown volatility goes back to inflationrate so there is from my viewpoint two choices: wait for it to fade out in bitcoin or bring an altcoin with lower inflation and lower volatility to the front. Their idea of flexible supply is utter nonsense and goes against the idea of the free market. What the heck are these communists doing in bitcoin?
16  Economy / Speculation / How to calculate supply vs demand very easy (inflation vs tradevolume) on: September 23, 2014, 12:49:47 AM
Had an idea few days back. How to calculate supply/demand of a coin in minutes:

Take timeinterval x (1 day / 7 days / 30 days / ...)
Take how many coins have been traded during that time and divide by the number of coins that have been minted in the same time.

The number you get is how many times the network output of new coins was turned over in timeframe x
A rough indicator for supply/demand especially useful on larger timescales.
Very good for fundamental analysis of coins and also very good for direct comparison of very different coins.

Inflation vs tradevolume indicator. Almost too easy to believe this wasn't noticed by many people earlier.
As a serious longterm-trader and investor you will come to love it.

Enjoy your new tool.  







hint: look at Unobtanium to find the god-coin in the game of supply/demand indicator
17  Alternate cryptocurrencies / Altcoin Discussion / How to easily calculate supply/demand of a coin (andvanced analysis) on: September 22, 2014, 11:41:13 AM
Had an idea few days back. How to calculate supply/demand of a coin in minutes.

Take timeinterval x (1 day / 7 days / 30 days / ...)
Take how many coins have been traded during that time and divide by the number of coins that have been minted in the same time.

The number you get is how many times the network output of new coins was turned over in timeframe x
A rough indicator for supply/demand especially useful on larger timescales.
Very good for fundamental analysis of coins and also very good for direct comparison of different coins.

Inflation vs demand indicator.


Enjoy your new tool.  




---------

I came up with the idea first when i was analysing Unobtanium supply/demand, a brilliant coin in that regard btw since it doesn't take much volume for it to let this indicator go to insane hights. Just a heads up. Have fun trading.


18  Alternate cryptocurrencies / Altcoin Discussion / does a new coin have more value than an old one? on: September 05, 2014, 10:56:31 PM
generally speaking: does a new coin have more value than an old one?
Is 'fresh released' something of value?

Serious question.
19  Bitcoin / Project Development / New idea for security to sell to devs - makes all malware obsolete on: September 05, 2014, 02:20:55 PM
repost original thread here:

https://bitcointalk.org/index.php?topic=770235.0
20  Economy / Marketplace / New idea for coin-security to sell to developers - makes all malware obsolete on: September 05, 2014, 02:16:50 PM
Hey guys. I have two different approaches for new security-features to sell.
I am not a coder only average geek-user that's why i would sell the idea to someone who can make coins.

Both ideas concern securing the wallet-file.

The first idea would be a one-button-solution as big as 300kb in the software
The second idea is also easy to implement and can be assembled from existing code in most parts (probably 1 mb big)

Both ideas can be combined but are entirely different and can also stand alone each.

Each of them makes every exisitng wallet-stealer obsolete.
The first idea will make malware-programmers life hard and put out of service probably 100% of wallet-stealers today,
the second idea is 100% total suecurity and malware-programmers can suck it probably for eternity.

The idea is worth many, many bitcoins but i'll sell it for around 1 to 2 bitcoin both in one package to someone who wants to have it. Currently i am the only person on the planet who knows that shit because i figured it out myself so you would be buying virgin ideas that are not spoiled to someone else.
That implemented into an altcoin is a feature that will certainly ad to that coins value.

If interested you'll pay 50% up front, get the first idea delivered and pay the next 50% for the even better second idea. The intelectual property is yours then and you can claim ownership of the ideas.
If nobody is interested, i'll keep it and sell it later.
Shoot me a message if interested. Will be a supreme feature for new coins and easy enough to create. If you plan on releasing a coin branded as 'secure' this is very likely a 'must have'.
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