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Alternate cryptocurrencies / Altcoin Discussion / Re: Price difference at exchanges
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on: December 21, 2013, 10:01:37 PM
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Volume, and confidence in an exchange.
I know Gox has had it's share of problems and coinbase doesn't treat some people fairly but BTC-E and Vircurex have gotten hacked and had people fucked over.
I still dont have answer to my question.I mean like can we buy for low price from one exchange and sell for high at another exchange? Than again why would people buy from me for a high price when they can buy for low from the very exchange I bought. It's called arbitrage trading. It's very likely there are people practicing it already. |
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7
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Bitcoin / Bitcoin Discussion / Re: Buy Google Apps with Bitcoin
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on: December 15, 2013, 02:26:37 PM
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The whole article makes no sense. iBeacon is not even a currency. iBeacon is a technology that enables an iOS device or other hardware to send push notifications to iOS devices within close proximity. |
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10
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Nxt :: descendant of Bitcoin
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on: November 25, 2013, 10:23:52 PM
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[2013-11-25 22:16:42.925] Nxt 0.2.9 started.
Exception in thread "Thread-6" java.lang.NullPointerException:
at Nxt$Block.pushBlock(Unknown Source)
at Nxt$Peer.process(Unknown Source)
at Nxt$1.completed(Unknown Source)
at Nxt$1.completed(Unknown Source)
at sun.nio.ch.Invoker.invokeUnchecked(Invoker.java:126)
at sun.nio.ch.UnixAsynchronousSocketChannelImpl.finishRead(UnixAsynchronousSocketChannelImpl.java:430)
at sun.nio.ch.UnixAsynchronousSocketChannelImpl.finish(UnixAsynchronousSocketChannelImpl.java:191)
at sun.nio.ch.UnixAsynchronousSocketChannelImpl.onEvent(UnixAsynchronousSocketChannelImpl.java:213)
at sun.nio.ch.EPollPort$EventHandlerTask.run(EPollPort.java:293)
at sun.nio.ch.AsynchronousChannelGroupImpl$1.run(AsynchronousChannelGroupImpl.java:112)
at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1145)
at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:615)
at java.lang.Thread.run(Thread.java:722)
Blockchain download freezes and resumes only when I restart my client  |
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14
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Bitcoin / Bitcoin Discussion / Re: 12,000,000 BTC
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on: November 17, 2013, 05:42:32 PM
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Surely, by the time that mining only gets you 1 satoshi in however many years that is, it will not be anywhere near viable to mine anymore. It would cost so much more in electricity to mine than what you would earn unless bitcoins price soars to the point where 1 satoshi costs hundreds of dollars. I guess that almost seem like a possibility at the moment the way the price is going but i don't think it will rise forever, it will collapse some day soon under its own weight without the needs of governments to intervene.
You do realise that miners collect transaction fees? In the far future the block reward itself isn't going to matter much anymore. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: [Nxt] Open Beta Test
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on: October 29, 2013, 01:58:54 PM
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Some instructions would be nice for those who haven't followed earlier thread. Anyways, I tried running and it crashes straight away. [2013-10-29 13:53:17.818] Nxt 0.1.5 started.
Exception in thread "Thread-7" java.nio.BufferUnderflowException
at java.nio.Buffer.nextGetIndex(Buffer.java:498)
at java.nio.DirectByteBuffer.getLong(DirectByteBuffer.java:762)
at Nxt$Peer.process(Unknown Source)
at Nxt$1.completed(Unknown Source)
at Nxt$1.completed(Unknown Source)
at sun.nio.ch.Invoker.invokeUnchecked(Invoker.java:126)
at sun.nio.ch.Invoker$2.run(Invoker.java:206)
at sun.nio.ch.AsynchronousChannelGroupImpl$1.run(AsynchronousChannelGroupImpl.java:112)
at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1145)
at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:615)
at java.lang.Thread.run(Thread.java:744)
Running on Ubuntu 13.4 x64 with Oracle Java 7 |
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20
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Alternate cryptocurrencies / Altcoin Discussion / Re: [Idea] smoother block reward decrease
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on: October 11, 2013, 02:22:15 PM
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Like Primecoin?  Self-adjusting block reward – Bitcoin is known for its controlled currency supply algorithm, which guarantees that only 21 million bitcoins will ever be generated, as well as specifying the rate at which these bitcoins will come out. Primecoin follows a different path. The number of primecoins (XPM) released per block is always equal to 999 divided by the square of the difficulty, a formula which should converge to some maximum if the difficulty increases linearly. Given that Moore’s Law states that computing power increases exponentially, and the effort it takes to find a prime chain is exponential in its length, that is quite likely to hold true. |
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