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Alternate cryptocurrencies / Altcoin Discussion / Re: idea for a coin- socialist coin
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on: April 01, 2015, 02:34:26 PM
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Well I posted this before i did the math... Let's say there's 11 people with 100 coins each. 1 of them spends one hundred. Now 1 person has 0 and the rest 110. So the merchant ends up having the same amount as everybody else? No the merchant gets 10% I just did it like that to simplify the math
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Alternate cryptocurrencies / Altcoin Discussion / Re: idea for a coin- socialist coin
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on: April 01, 2015, 04:38:02 AM
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This crypto already exists. It's called Bitshares. Well I ain't gonna lie. I don't understand how bitshares work. But I think the premise of it would be to create more shares the more people use bit assets? In which case it would not be the same. Socialist coins would not be created every time someone spends them, they would be divided and redistributed to all the wallets within the network.
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6
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Alternate cryptocurrencies / Altcoin Discussion / Re: idea for a coin- socialist coin
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on: April 01, 2015, 04:20:01 AM
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Well I posted this before i did the math... Let's say there's 11 people with 100 coins each. 1 of them spends one hundred. Now 1 person has 0 and the rest 110. So the rest spend 100 and get 90 each and the person with none gets 100. So they're back to square one with 100 coins each... But them again this coin design might encourage hoarding so... Who knows, there is only one way to find out and thats for someone to make the coin.
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7
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Alternate cryptocurrencies / Altcoin Discussion / idea for a coin- socialist coin
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on: April 01, 2015, 12:05:17 AM
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I have an idea for a coin. It'd be called socialist coin. The way it would work would be that when the coin is spent 90% of it would be divided redistributed to all the wallets within the network and 10% would go to the merchant. So everyone would get more socialist coins as more people spent them. The algorithm used would be memorycoin's to ensure the proletariat had access to mining... Comrade.
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Other / Off-topic / making a bit facebook
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on: January 01, 2015, 01:18:54 AM
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i read in the maidsafecoin site that the blockchain can be used for making other platforms. Would it be possible to use it to make something like a bit facebook?
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Alternate cryptocurrencies / Altcoin Discussion / Re: How in the FUCK are you supposed to know what's legit?
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on: December 29, 2014, 10:38:46 PM
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heres my strategy. 1.buy doge at 56-57 sell at 58-59 2.buy litecoin at 2.65 sell at >2.7 3.buy darkcoin at <1.90 sell at >1.90 4.buy 42 coin at 5.1 sell at >5.1 5.buy ripple...just buy it and hold on to it until it rises 6.buy monero, its awesome 7.buy shitcoin below market price, pump it, dump it invest >0.5 btc or dont bother
The risk is too high for the amount of profits in my opinion, but its a fun way to waste time i guess.
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Bitcoin / Bitcoin Discussion / Re: No more purchasing BTC
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on: December 25, 2014, 12:00:23 AM
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I tried selling bitcoins back when they were $355 but the fuckers at coinbase wouldnt let me. I deposited my 1.5 bitcoins in cryptsy instead, but my account hadnt been verified so i couldnt sell. Like an idiot i bought ripple at its height and lost .3 btc. Now bitcoins are worth $315. Bitcoin has been really dissapointing. It was suppised to be decentralized and deflationary. Now its pretty much centralized with rampant inflation. After i sell my bitcoin (at a loss) i will try forex or penny stocks instead if i feel like speculating. Its been a nice ride but im afraid the good old days of hold and sell are over.
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Economy / Service Discussion / coinbase wont let me sell
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on: December 24, 2014, 11:49:56 PM
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Those fuckers wouldnt let me sell my bitcoins. i had 1.5 btc back and tried to sell them back when they were $355. I got tired of trying to sell them and put them on cryptsy. Like an idiot i bought ripple at its height and lost .3 btc. Now I have a little bit less than 1.2 btc and bitcoins are worth $315. I cant sell them yet because i havent verified my account. I hate selling at a loss but bitcoins seem to be one dissapointment after the other. Its been a nice ride but i think its over. I might look into forex or penny stocks next if i fell like speculating.
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Alternate cryptocurrencies / Altcoin Discussion / Re: idea for an altcoin
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on: December 24, 2014, 10:22:20 PM
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i have an idea for an altcoin. Itd be called workers coin. The way youd mine them would be by typing a series of random characters and in return youd get one satoshi (which would be called a marx) This would ensure that everyone could mine workers coins regardless of the power of their means of production. The motto for the coin would be "from each according to his ability, to each according to his needs" Id make it but i dont have the know how.
and the ASIC version of this is a script/bot that can read the screen and reply with the random code instantly, thus defying the 60 words a minute of normal man. then it will be the case of people running 1000 rasbperry PI's with this script to get 1000 sats a second as oppose to 60 sats a minute. the end result will be no difference than bitcoin, where the difficlty and the cost to 'mine' will exceed normal lazy households ok then a series of captchas.
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Alternate cryptocurrencies / Altcoin Discussion / idea for an altcoin
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on: December 24, 2014, 07:50:37 PM
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i have an idea for an altcoin. Itd be called workers coin. The way youd mine them would be by typing a series of random characters and in return youd get one satoshi (which would be called a marx) This would ensure that everyone could mine workers coins regardless of the power of their means of production. The motto for the coin would be "from each according to his ability, to each according to his needs" Id make it but i dont have the know how.
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Economy / Speculation / Re: Stop your BTC cheerleading and mass delusion and face the reality
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on: December 21, 2014, 06:51:48 AM
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Well the idea idea of cryptocurrency is here to stay. Cryptocurrency is very convinient and secure. The question is will it bitcoin? I think the answer is yes because businesses like overstock.com and microsoft have already started accepting it and they probably don't feel like the minor changes other crypto currencies offer are worth the hassle of switching.
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