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581  Economy / Trading Discussion / Re: Is day trading on Coinbase profitable? on: June 10, 2015, 10:05:18 AM
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you need to factor taxes into how much you'd have to make before you actually reached break even and then started to make a profit.

I'm not sure about that.  You would be taxed on each gain but you can write off each loss so I think the break-even point would be about the same.  Do I have that right?
582  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: June 07, 2015, 01:20:41 PM
All the features in the world don't mean anything if nobody wants to build on them.  Just look at NXT.  So the question is, does anybody want to build on them?  It would be nice to hear from Symbiont but they aren't in the business of looking after XCP investor sentiment.
583  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: June 06, 2015, 05:15:49 PM
What is stopping me from modifying the Counterparty installation on my system to provide all of the same functionality without burning XCP?

The network effect. It would be a one person party that's implementing updates from the real dev team. Wink

So the Counterparty protocol checks to make sure XCP was burned when scanning for transactions?
584  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: June 03, 2015, 04:27:23 PM
What is stopping me from modifying the Counterparty installation on my system to provide all of the same functionality without burning XCP?
585  Alternate cryptocurrencies / Announcements (Altcoins) / Re: FACTOM - Introducing Honesty to Record-Keeping on: June 02, 2015, 11:07:44 PM
So Koinify is simply a non-transparent centralized service that does not use blockchain technology to record the "vouchers" it marks in its database in exchange for BTC?

Not sure what you mean by non-transparent though. It was a crowdfunding platform.

Transparency is when you record something on a blockchain so everyone can verify that you've done what you say you've done.  Non-transparency is when you record something in your own internal database and expect everyone to trust you.
586  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BitcoinDark (BTCD)--Teleport/Telepathy/Ramchains/SuperNET Core on: June 02, 2015, 03:20:38 PM
So the dividend payments are based on the entire previous week's staking activity?
587  Alternate cryptocurrencies / Announcements (Altcoins) / Re: FACTOM - Introducing Honesty to Record-Keeping on: June 02, 2015, 03:19:10 PM
Surely they are Counterparty tokens.  Koinify's platform is build on Counterparty.

Currently they are only tokens, they don't have to be counterparty nor anything else..

If Koinify is just an opaque centralized service taking BTC and marking Factom balances in its own internal database, why is it built on top of Counterparty?

The fact they allow Counterparty tokens like Gems doesn't mean they are built on Counterparty.
In Factom's case they are like vouchers that specify how many Factoids you have bought which you will be able to import in your Factom wallet when live.


Not that the author demonstrates any knowledge of "the Bitcoin" but here's an article which indicates that Koinify's tokens are Counterparty tokens:

http://technode.com/2014/07/31/launch-coin-like-boss-koinify/

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the platform is built on Bitcoin / Counterparty which means your Koins are usable with any counterparty compatible wallet


More Importantly: So Koinify is simply a non-transparent centralized service that does not use blockchain technology to record the "vouchers" it marks in its database in exchange for BTC?
588  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: June 01, 2015, 01:23:48 PM
Does usage of Counterparty's smart token system burn any XCP?

I assume you are referring to smart contracts? Then yes. Xcp is used as gas for the contract execution

Aren't Counterparty's smart tokens completely distinct from its smart contracts?
589  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SWARM] Swarm - Cryptoequity Crowdfunding - Official Thread on: May 31, 2015, 10:43:43 PM
Vennd used to provide something like that vending machine you describe.  The last I heard they were shutting down temporarily to deal with the legal implications:

http://www.vennd.io/

Swarm expects to accept credit card payment for tokens?
590  Alternate cryptocurrencies / Announcements (Altcoins) / Re: FACTOM - Introducing Honesty to Record-Keeping on: May 31, 2015, 03:34:50 PM
Surely they are Counterparty tokens.  Koinify's platform is build on Counterparty.

Currently they are only tokens, they don't have to be counterparty nor anything else..

If Koinify is just an opaque centralized service taking BTC and marking Factom balances in its own internal database, why is it built on top of Counterparty?
591  Alternate cryptocurrencies / Announcements (Altcoins) / Re: FACTOM - Introducing Honesty to Record-Keeping on: May 30, 2015, 02:28:57 PM
Surely they are Counterparty tokens.  Koinify's platform is build on Counterparty.
592  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SWARM] Swarm - Cryptoequity Crowdfunding - Official Thread on: May 30, 2015, 02:25:00 PM
If I may ask, since Counterparty produces the tokens, where is the functionality gap that requires so much work?  Maybe the web interface to Counterparty?  Or distributing the tokens to SWARM holders?
593  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Poloniex is down on: May 30, 2015, 12:34:56 AM
Crazy.  Thanks guys.
594  Alternate cryptocurrencies / Service Discussion (Altcoins) / Poloniex is down on: May 29, 2015, 11:53:38 PM
And Bitcointalk is ultra-slow.  DDoS?
595  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SWARM] Swarm - Cryptoequity Crowdfunding - Official Thread on: May 29, 2015, 07:05:22 PM
I'm expecting this to be fully automated within the next week so that every time anyone issues assets there will be an automatic distribution. This may happen when the asset is created or when someone clicks the "start crowdfund" option our interface.

Any update on this?

BTW, what are your favorite Swarm projects currently?  Vevue looks interesting.
596  Alternate cryptocurrencies / Announcements (Altcoins) / Re: FACTOM - Introducing Honesty to Record-Keeping on: May 29, 2015, 06:21:01 PM
Aren't Factom tokens just Counterparty tokens?  If so, why can't they be released to the buyers right away?
597  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: May 29, 2015, 06:17:55 PM
Does usage of Counterparty's smart token system burn any XCP?
598  Economy / Trading Discussion / Re: Is day trading on Coinbase profitable? on: May 28, 2015, 03:47:18 PM
Thanks for all the thoughts and replies to my thread guys.  Smiley  Very informative.

Why would you write that about someone else's thread?
599  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: May 26, 2015, 07:05:24 PM
Has anyone been able to get NRS running in a chroot on Linux?
600  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Nxt :: descendant of Bitcoin on: May 26, 2015, 06:37:47 PM
What are my options for storing NXT outside of a centralized exchange?

In the blockchain through the client.

If you don't want to download the blockchain, try mynxt.info or mofowallet.com. mynxt.info also have andoid and iOS apps.

I'm very careful about what I install on my computer.  Can I install NRS in a sandbox somehow?  I suppose I could run it as a very unprivileged user.  I use Linux BTW.

I think a web wallet is too risky.

Would Jay be a good choice?

jay with http://jnxt.org/nxt can work well as a Web wallet solution, also nxtvault is an android version of jay. For secure cold storage I would suggest http://jnxt.org/vapor

How does that work?  Wouldn't I be trusting jnxt.org?
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