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1  Economy / Lending / questions about 2 types of collateral on: August 12, 2016, 12:06:19 AM
Before I consider putting up a loan request I wanted to know how some collateral would be valued when asking for a loan.  Basically I'm asking would it be worth asking for a certain sized BTC loan if I put up one of these two properties in escrow.

a Steam account with a $24600 valuation.
a car title for a dodge charger srt-8 blue book valued ad VG condition for $13680
2  Alternate cryptocurrencies / Altcoin Discussion / ***CAUTION*** Be careful using Ripple xrp. on: February 11, 2014, 06:12:19 AM
Unless you work for Forbes magazine you run the risk of losing money as  customer service and the community really don't care until you make a public spectacle of the lost transactions.

Read one users experience with how bad ripple really is.
http://www.forbes.com/sites/alexberezow/2013/12/19/digital-currencies-misadventures-with-bitcoin-rival-ripple-xrp/
3  Alternate cryptocurrencies / Altcoin Discussion / I have $1,000,000,000 in USD to invest WTF am I doing here?!?!?! on: February 09, 2014, 07:44:57 PM
WTH???  Is this the latest scam.  Have Nigerians noticed the Crypto market and shifted focus from old ladies to crypto idiots?

Stop with these investment threads!!!

That is all.

4  Alternate cryptocurrencies / Altcoin Discussion / Get ready for the 6 month dry spell in mining. on: January 18, 2014, 03:06:16 AM
This happens after every big spike in crypto currencies.  After the huge profit margins from the spike in price  there is a huge influx of new miners trying to get in on the actions.  They dump a ton of money into mining equipment and difficulty soars.

Then prices crash from the peak and profit margins for miners dwindle. Miners can barely turn a profit at .20/kw and then a few weeks later at .10/kw.  Soon miners start dumping their GPUs on ebay trying to at least break even on them.  I was buying 7950 GPUs for $150 each on ebay during the last fall out.  Now I can sell the same GPUs for $250 to $300.  At the peak they were selling for $400.

Good luck future miners.  Hope you don't get too disgruntled this time around.
5  Economy / Computer hardware / [WTB] 7950 and 7970s on: July 05, 2013, 07:09:47 PM
I'm looking to purchase any 7950 and 7970 cards you have that you want to part with.  No reasonable offer will be ignored and we can negotiate the price based on make model and if new in box or used.

Escrow through https://www.escrow.com

PM me or post here.
6  Alternate cryptocurrencies / Altcoin Discussion / [CBNK] Cryptocurrency Bank feasibility discovery on: June 29, 2013, 05:31:38 PM
If there was an entity that acted like a multicurrency financial institution what products and services would you utilize.

Multiple cryptocurrencies.
Daily exchange rates between currencies.
Deposit accounts with interest rates
Lending services, collateral backed and otherwise.
Investment accounts.
Customer credit worthiness.
Escrow.

Would you use it?  Why?  Why not?  What other services would you like to see?
7  Alternate cryptocurrencies / Altcoin Discussion / Exchange DDOSing and the LTC Dump coming on: June 26, 2013, 10:42:02 PM
There have been a lot of exchanges that so happen to have maintenance scheduled all that the same time.  Now BTC-e is down for a prolonged period of time.  If I were running an exchange I would want high availability and keep at least 2 servers up and running one to take down to to maintenance while the other one hosts the site in production.  But that is besides the point.

Btc-e is the biggest LTC trading exchange.  With it being down for a period of time I expect that miners who need to sell LTC to pay expenses will build up a lot of LTC that will be dumped on to the market at the same time.  That drops LTCs price.

Now what stops someone from coordinating multiple DDOSs of all the LTC exchanges to build up and supply of LTC in miner hands.  When you feel that enough people have LTC they want to sell you stop the DDOS and now you get the price action you intended.  A drop in LTC price.  Why would you want to crash the price of LTC?  Because you missed the boat and you want to pick up the shares that the miners will be dumping.

Thoughts?
8  Alternate cryptocurrencies / Altcoin Discussion / deleted on: June 17, 2013, 12:14:47 AM
deleted
9  Alternate cryptocurrencies / Altcoin Discussion / [WTB] IFC 100 million IFC per 4 LTC. on: June 12, 2013, 11:08:32 AM
PM with offers.
10  Alternate cryptocurrencies / Altcoin Discussion / Alt valuations versus BTC - why still? on: June 11, 2013, 02:56:43 AM
In light of the recent ASIC attacks on BTC  Tongue  the difficulty has been shutting out GPU miners making BTC less profitable to mine.  In addition a lot of ASIC owners are selling BTC in order to recoup their ASIC hardware investments.  This has put a lot of pressure on BTC prices.

However alt coins are still pegging to BTC price.  Coinchoose identifies coins based on profitability to BTC.  Cryptsy only allows trading of alt coins against BTC (3 versus LTC).  The damage ASIC's are doing to BTC is rippling through Alt coin valuations.

I think we are coming close to a significant cross road.  

1. We continue to peg to BTC past the GPU profitability break even point.  As a result alts are not profitable to mine and most die a slow death.
2. Alts decouple from BTC and are gauged not by their profitability to mining vs. BTC but to valuations against other fiat currencies (USD, EUR, GBY, JPY)  

2. will require the implementation of a better exchange than Cryptsy.  Cryptsy is great, don't get me wrong but it has its limitation and while it helps reduce the scamming that occurs on forums it does not do enough to get alts decoupled from BTC and trading independently.
11  Alternate cryptocurrencies / Altcoin Discussion / [WTB] IFC - @ 5,242,880IFC/100WDC on: June 05, 2013, 10:07:43 AM
should be fair.  post or PM.
12  Alternate cryptocurrencies / Altcoin Discussion / [ANN] Call to developers for total coin rebuild and new features on: June 03, 2013, 04:11:10 PM
I'm starting a currency project that won't get off the ground for another 3 months.  I'm currently working on the specifications for it.

I hope to have a preliminary architecture in about 2-3 months as my existing projects wind down and I can focus more on the development of this digital currency.  First off I do not expect this currency project to be released this year.  I'm expect to have a testnet for the project in the next 9-12 months and a full release in 18 months.

What I'm planning to do.
Primary goal -

A digital currency

Expected FeatureSet for release
  • 01. Integrated coin exchange (no plans for fiat conversion)
  • 02. Money Velocity based on a formula that uses network hashing power, total circulation, number of transaction and transaction volume
  • 03. New additional reward features based on a previous post I made on the subject https://bitcointalk.org/index.php?topic=219568.  In addition 10% of fees go to future development foundation
  • 04. Push and pull transaction requests.
  • 05. Account verification and transactional locks on funds.
  • 06. Wallet with built in coin exchange to support several alt currencies
  • 07. Plugin to add alts to the exchange as they are created
  • 08. Rewrite of the bitcoin source
  • 09. Scrypt
  • 10. 10 Second Block Retarget (testnet)/5 Second Block Retarget
  • 11. 4 Confirmations
  • 12. Managed language codebase.  Hate me if you want.. C#
  • 13. Cross platform (Android/Linux/Mac/Windows).  Mono library


I have several other more powerful features that I'm planning to add after release that will either leverage the existing features listed here or over new applications.

My experience.  15 years application development and network engineering and solutions architecture.
Application language experience.  C, C+, Java, PHP, C# primarily on windows based system but I have about 5 years working with java application on Linux and Android.  Sorry very little Mac experience.  No Objective-C.

I'm looking for other developers to assist in various capacities to move the project forward from design to development to quality assurance.  I'd like to do this in C#/Mono, OOP.

Some thoughts I"m debating.  Closing the source on some of the unique algorithms for the project like the reward algorithm.  I'm about keeping things open source but I think that it might increase speculation if the mechanisms behind how rewards are generated are blackboxed.  I've seen a lot of people invested tremendous amounts of time and money trying to revere engineer closed source algorithms.  It think it might benefit the currency over all.

Thoughts?  Criticisms?  Complaints?  Open to hear them all.
13  Alternate cryptocurrencies / Altcoin Discussion / What are you down to mining? on: June 02, 2013, 04:24:27 PM
When the new coins first started coming out (FTC, CNC, etc) I was mining them concurrently.  Distributing a percentage of rigs to each.  However the failure of those coins to maintain profitability led me to mine every coin that came out.  The problem with that was that many coins were being released the same day.  It was difficult to distribute the rigs to so many.  So I had to become speculative on which coins to mine.  I was predominately mining WDC, NIB and DGC.

I didn't bother mining anything new after Luckycoin.  Even LKC was worthless to me.  So after the dust settled I'm left to 4 coins.  BTC, LTC, WDC, DGC.  WDC and DGC are similar and I"m hedging my bets by mining both.  BTC and LTC of course, but as of late I haven't really found incentive to keep mining it.  Profitability is getting worse.

So what are you mining now and why?
14  Alternate cryptocurrencies / Altcoin Discussion / [ANN] C coin on: May 30, 2013, 02:34:48 AM
The letter C

reserving for future use...
15  Alternate cryptocurrencies / Altcoin Discussion / [ANN] B coin on: May 30, 2013, 02:34:22 AM
The letter B
16  Alternate cryptocurrencies / Altcoin Discussion / [ANN] A coin on: May 30, 2013, 02:33:38 AM
The letter A

reserving for future use...
17  Alternate cryptocurrencies / Altcoin Discussion / [EXP] Aggregated List of Coin Reward Features on: May 29, 2013, 11:00:09 PM
[Exp]erimental Ideas


I want to redefine this post as new coin features.  A list of coin features that could combat inflation and increase future demand.

Fixed Reward - Block rewards are fixed amount per block.

Dynamic Reward - Block rewards are variable can change form block to block or for a range of blocks.

Constructive Reward - Block rewards are typically constructive in that they produce coins.

Interest Reward - Reward is percentage based on mining accounts total coin count.

Destructive Reward -  show proof that miner burned some coins - that is, sent them to a verifiably unspendable address.

Transaction Reward - Block rewards only come from fees paid by individuals executing transactions on the network.  As transaction rates increase so do block rewards.  

Random Walk Block Reward - Rather than a purely random reward the block reward randomly increases or decreases in a range.  This would have an effect that would look like that of a stock trend.  Block rewards could trend up or down for a period of time.  This would have miners speculate on what the block reward trend might go.  It is inflationary and there is risk of accelerated inflation for periods of time.  To offset inflation it would need to be coupled with a Destructive Reward as well.

Transaction Rate Reward - Block rewards are based on a measurement of transaction count on the network.  It could be measures by a moving average of the number of transactions in the last n blocks.

Transaction Volume Reward - Block rewards are based on a measurement of transaction volume (total coins in transactions) on the network.  It could be measures by a moving average of the number of coins in transactions in the last n blocks.    The increased volume of transactions would provide increased fee rewards.  This would provide incentive to miners.

Combinations

Constructive/Destructive Reward - Block rewards are typically constructive in that they produce coins.  Some block rewards have a percentage chance of destroying a percentage or fixed amount of coins from the mining account.

Transaction Reward/Destructive Reward - Block rewards only come from fees for transactions.  As transaction rates increase so do block rewards.  Couple it with a Destructive Reward so that miners must balance risk/reward for either holding or transferring coins.  Miners will want to keep their balances low in the mining account but too frequent transaction will net high fees.


what other concepts can be implemented?


Quote
lol yeah  I want a new coin  Grin Grin Grin

But here is the catch.  

Reward is not a flat amount but a percentage based on the mining account's ownership of coins.

What would be the short and or long term impact on demand for the coin.  Would the coin favor the sellers or the horders?
18  Alternate cryptocurrencies / Altcoin Discussion / [Q] Who are the old guard coin minters? on: May 12, 2013, 02:26:43 AM
Does anyone know the usernames of the old coin makers or any of the old developers that contributed to the development of bitcoin, litecoin or any features that were introduced in any of the other coins.

I'd like to PM them some questions.  Mostly out of curiosity.  The code can only tell me so much.
19  Alternate cryptocurrencies / Altcoin Discussion / will LTC miners move to BTC now on: May 11, 2013, 09:03:10 AM
Now that the difficulty is set to 596.887 will LTC miners move to mining BTC?  Coinchoose reports that LTC is now a few points less profitable than BTC.
20  Other / Meta / [REQ] New subforum for new coin [ANN]s on: May 03, 2013, 10:08:51 PM
The coins are being created at such a fast rate that we need a sub forum  Tongue
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