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161  Economy / Economics / Re: Stop selling mined coins privately on: September 22, 2014, 08:32:03 PM
"-Miners typically need to sell their coin immediately as they have invested in equipment that expects a return"

Can someone please clarify for me, in layman's terms, how the investment a miner makes to acquire a coin is any more at risk than the investment a trader makes to acquire a coin?   Once the coin is in your wallet, the relative return on that coin, once sold, is identical for both cases isn't it?

Miner:  Spent $10 on equipment costs, $90 on power and cooling, received one Bitcoin worth $100

Speculator:  Spent $90 on some exchange, $10 on fees,  received one Bitcoin worth $100

Why are these two individuals in any different situation once they have turned their non-coin assets into coin?  Up until the moment the coin landed in their wallet, their pre-coin assets could have performed wildly different to each other.  But once they have been converted to coin, they perform the same?  Or am I making the mistake of thinking miners do not see themselves as speculators but as something like 'manufacturers' and are thus not using disposable risk capital to set up their operations? 

Miners would like to continue mining and earn bitcoins. So their bills have to be paid out.

So do traders, I still do not see how a trader and a miner are in fundamentally different circumstances. 
One buys bitcoins from an exchange in hopes of selling them for a profit. 
The other buys bitcoins through a combination of a mining equipment company and the electric company, in hopes of selling them for a profit. 

The responses I am getting so far seem to imply that miners live paycheck to paycheck (or bitcoin to bitcoin) and cannot afford to sit on even a single mined satoshi, but instead must immediately sell each one to pay their bills instead of waiting for a better price when a better price is likely to come.  Do traders not have bills to pay as well? Their investment capital didn't come from nowhere either, and has to be replaced as well.   

Also there are, what, like 60% of all mined bitcoins in the blockchain that have as of yet, no unspent outputs?  Wouldn't this seem to be, in large part, the result of miners who are clearly not selling coins they mine right away?  I don't think Satoshi and a few people who lost or forgot about their Bitcoin account for such a large figure.
162  Economy / Economics / Re: Stop selling mined coins privately on: September 20, 2014, 09:48:09 PM
"-Miners typically need to sell their coin immediately as they have invested in equipment that expects a return"

Can someone please clarify for me, in layman's terms, how the investment a miner makes to acquire a coin is any more at risk than the investment a trader makes to acquire a coin?   Once the coin is in your wallet, the relative return on that coin, once sold, is identical for both cases isn't it?

Miner:  Spent $10 on equipment costs, $90 on power and cooling, received one Bitcoin worth $100

Speculator:  Spent $90 on some exchange, $10 on fees,  received one Bitcoin worth $100

Why are these two individuals in any different situation once they have turned their non-coin assets into coin?  Up until the moment the coin landed in their wallet, their pre-coin assets could have performed wildly different to each other.  But once they have been converted to coin, they perform the same?  Or am I making the mistake of thinking miners do not see themselves as speculators but as something like 'manufacturers' and are thus not using disposable risk capital to set up their operations? 
163  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [LTCD] LitecoinDark.com | Scrypt | Bittrex | Cryptsy | PoD 5+ | MANDATORY update on: September 20, 2014, 06:11:03 AM
Some of the FUD got so bad that I ended up putting some on ignore. Got so tired of that fud.  
 I believe in this coin and am holding my coins.  If anything, all the FUD has done is make me hold my coins even more than before it started.
Looking forward to what the DEVS bring out next for the coin.

Agreed. The page took a turn for the weird when there was talk of gypsy gangsters taking offence on twitter and making a revenge pact to destroy the coin.. I mean, wut..

Rule #1 of FUD. If there seems to be a lot of FUD. People are trying to make money off you.

"gypsy gangsters taking offence on twitter and making a revenge pact to destroy the coin"

Anonymous romanian gypsy gangters, using a social media broadcasting platform on the world wide web, are trying to manipulate the exchange rate of a virtual cryptographic currency in a virtual market, because they were offended by other anonymous users' comments about the avatar image they chose for their crypto currency propaganda channel on that social network. 

We are living in a Neal Stephenson novel.

lmao +1 careful they might sell the millions and millions of coins they have and crash the price . Oh and the avatar they choose has a 120 something followers Wow that's a lot of people out of 6 billion world wide.

As a semi-casual observer in the crypto world I have noticed a palpable upswing in the number of prominently-featured women being used to put a pretty face (or so they think) on various groups trying to promote this or that. 

There might be a few genuinely interested crypto-fan females among them, but I suspect the vast majority are just someone's sister or girlfriend or roomate's girlfriend or favorite stripper or what have you, pressed into service as a decoration to grab a few extra eyeballs. 

The telltale sign is that these women are never fat, or older than their 30's, or overtly unattractive - and this just doesn't represent a typical slice of the female population, let alone the kind of geeky population that is into crypto.   As things get more desperate with the dwindling pool of people to sell to and the balooning pool of coins and services to choose from, I expect to see a lot more of these booth babe-ism tactics.
164  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [LTCD] LitecoinDark.com | Scrypt | Bittrex | Cryptsy | PoD 5+ | MANDATORY update on: September 20, 2014, 05:40:08 AM
Some of the FUD got so bad that I ended up putting some on ignore. Got so tired of that fud.  
 I believe in this coin and am holding my coins.  If anything, all the FUD has done is make me hold my coins even more than before it started.
Looking forward to what the DEVS bring out next for the coin.

Agreed. The page took a turn for the weird when there was talk of gypsy gangsters taking offence on twitter and making a revenge pact to destroy the coin.. I mean, wut..

Rule #1 of FUD. If there seems to be a lot of FUD. People are trying to make money off you.

"gypsy gangsters taking offence on twitter and making a revenge pact to destroy the coin"

Anonymous romanian gypsy gangters, using a social media broadcasting platform on the world wide web, are trying to manipulate the exchange rate of a virtual cryptographic currency in a virtual market, because they were offended by other anonymous users' comments about the avatar image they chose for their crypto currency propaganda channel on that social network. 

We are living in a Neal Stephenson novel.
165  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [LTCD] LitecoinDark.com | Scrypt | Bittrex | Cryptsy | PoD 5+ | MANDATORY update on: September 19, 2014, 12:18:08 PM
 Huh LTCD  should not have taken the ice bucket challenge  Undecided

https://www.youtube.com/watch?v=aopdD9Cu-So#t=0m30s
166  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: LITE COIN DARK LOGO/LTCD BOUNTY FOR CHOSEN LOGO on: September 18, 2014, 10:49:18 PM
I decided to turn it around and use the opening as the D and add some color choices if that was wanted.


i will vote for you, because probably i can't vote for me  Grin Grin Grin Grin Grin Grin. And honestly the rest of the logos are total crap, you have the best one!

Suddenly, I understand how MySpace got so popular (for a while)...
167  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [LTCD] LitecoinDark | Scrypt | Bittrex | Cryptsy | MANDATORY update on: September 18, 2014, 07:57:00 AM
nope i am out but that doesnt mean im not paying attention to see what happened to the coins i mined. pretty sure if you lost 130,000 it would leave a bad taste in your mouth as well.

Well if you lost 130k coins, I'm sorry, I really am, but you were throwing a lot of accusations on the dev without any proof. All I know is that he tried hard to make sure everything went fine, and was very frustrated what was happening here.

Where's the dev been in the middle of all this, anyway?  Reminds me of WhiteCoin's fiasco,  dev MIA during minor meltdown which helped turn it into a major one. Communication matters most when the coin's trust and reputation are in a vulnerable state.  

I've been right here.   Sacrificing the last few hours of sleep I could have gotten before yet another day at my day job, helping people with any and all issues that I've had any control over.  I'm almost always on the IRC.  I can't watch the forum, write the code, do tech support for the entire community, help cover PR, and deal with the FUD too.  The rest of the team will be doing what they can too.

Thanks for your support, whether you choose to give it or not.

And a special thanks to all of you who have been helping give support and cover FUD duty as well.  Your efforts are greatly appreciated.

Thanks for showing up.  Taking care of a newborn is a 24 hour job, that's just how it goes.  But after all that, it's your baby and you get to see it grow up and thrive as a reward.  And i assume make a buck for your efforts as this isn't supposed to be a charity.
168  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [LTCD] LitecoinDark | Scrypt | Bittrex | Cryptsy | MANDATORY update on: September 18, 2014, 07:40:45 AM
nope i am out but that doesnt mean im not paying attention to see what happened to the coins i mined. pretty sure if you lost 130,000 it would leave a bad taste in your mouth as well.

Well if you lost 130k coins, I'm sorry, I really am, but you were throwing a lot of accusations on the dev without any proof. All I know is that he tried hard to make sure everything went fine, and was very frustrated what was happening here.

Where's the dev been in the middle of all this, anyway?  Reminds me of WhiteCoin's fiasco,  dev MIA during minor meltdown which helped turn it into a major one. Communication matters most when the coin's trust and reputation are in a vulnerable state.  
169  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LitecoinDark (LTCD) | Scrypt | Looking for more Exchanges! on: September 18, 2014, 06:19:42 AM
You are scammers
New World Record
2500 blocks in 25 minutes
2500 * 3200 = 8 000 000

8 Milion in 25 minutes it's 10 % premined   Shocked


11:24:20
{
"blocks" : 2301,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.06250000,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 366053934,
"pooledtx" : 0,
"testnet" : false
}

Go away.

You go away this is true even the developer can not denied this.

Please explain to me in EXACT detail how this is true. Using maths and logic.

The words of developer in op , but then deleted them
Update

The first 771 blocks are pre-mine and till block 800 are mined by me and pool owners for testing. It is correct that the blocks where flying till block 2350.
So the early bird people have take a total of 2350 - 800 = 1550 blocks * 3200 = 4.960.000 LTCD and not 8.000.000 LTCD!.

So if I understand correctly, this just shuffles things around so that the premine is now 3.8% and the remaining 6.2% is an instamine, right?  Bottom line being there are 10% of the LTCD supply in hands that acquired it for far below even current market value, and we should price this in to our expectations.  In that case 1900 sats feels expensive to me. I think I'll pass on buying any more until this blows over.


It`s true ?

Let's just say i am very glad I passed on 1900 sats.  and 1800.. and 1700.. and so on.    3 figure sat was nice to see.
170  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LitecoinDark (LTCD) | Scrypt | Looking for more Exchanges! on: September 18, 2014, 04:38:30 AM
You are scammers
New World Record
2500 blocks in 25 minutes
2500 * 3200 = 8 000 000

8 Milion in 25 minutes it's 10 % premined   Shocked


11:24:20
{
"blocks" : 2301,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.06250000,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 366053934,
"pooledtx" : 0,
"testnet" : false
}

Go away.

You go away this is true even the developer can not denied this.

Please explain to me in EXACT detail how this is true. Using maths and logic.

The words of developer in op , but then deleted them
Update

The first 771 blocks are pre-mine and till block 800 are mined by me and pool owners for testing. It is correct that the blocks where flying till block 2350.
So the early bird people have take a total of 2350 - 800 = 1550 blocks * 3200 = 4.960.000 LTCD and not 8.000.000 LTCD!.

So if I understand correctly, this just shuffles things around so that the premine is now 3.8% and the remaining 6.2% is an instamine, right?  Bottom line being there are 10% of the LTCD supply in hands that acquired it for far below even current market value, and we should price this in to our expectations.  In that case 1900 sats feels expensive to me. I think I'll pass on buying any more until this blows over.
171  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: LITE COIN DARK LOGO/LTCD BOUNTY FOR CHOSEN LOGO on: September 17, 2014, 05:14:40 PM


By far the most imaginative I've seen yet  Smiley

Maybe it looks better without the artsy presentation  Grin



It looks good either way. I really liked it with the darker colors included. This is the only design which seems to be from "thinking outside the box" so to speak.

It is nice, different than most other coin logos (although there is some value in having a coin logo that bears some family resemblance to "minted currency" aesthetics).  But it's actually not that unique when it comes to logos for technology companies that have some sort of "distributed" or "network effect" component central to their business.  In fact here's a logo from a company I started in 2003 and sold off long ago, back when the whole "distribute ALL THE THINGS!" trend hadn't really off yet (indeed it still is just beginning to get significant momentum).



I have since seen many other logos that use this "concentric rings of dots to represent distributed nodes"
172  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: LITE COIN DARK LOGO/LTCD BOUNTY FOR CHOSEN LOGO on: September 14, 2014, 10:50:39 PM


i guess this is supposed to go in this thread?
173  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [LTCD] LitecoinDark | Scrypt | PoD | Bittrex | Cryptsy | Multipool bounty!! on: September 14, 2014, 07:26:25 AM
Don't know where the logo thread is, so i'll just drop this here.  Extremely quick and dirty  concept,  didn't stick it on a coin circle because i think logo glyphs should stand on their own, functionally, with or without a shiny coin background to dress them up. Of course it can go on a coin as well but someone else can do that.  If you like the general idea, it's yours.  Do with it what you want, rip off the design, change the colors, whatever. I don't ask for any credit or prize if its used.  Just thought these logos posted so far could use some different directions or ideas. 

174  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPERCOIN] Mandatory Upgrade V.3.1.1 or V.1.6.1 on: September 10, 2014, 05:24:15 PM
Biggest weakness of this coin is that it's on too many exchanges. Would be much higher priced if it was on just Bittrex.

Even though I don't fully agree, I think this is an interesting thought and I'd like to know why you think it's affecting the price.

Normally if price goes up on 1 exchange, it will follow on the others because people will try to buy where its traded lower and the buy orders ends up driving the price up everywhere.

I have to admit Supercoin is one of the coins where the spread between the exchanges is the most volatile.

The fewer exchanges a coin is on, the easier it is for whales to control the price.   Especially if they have bots helping them, fewer APIs and less randomness to worry about.  More exchanges usually means a somewhat fairer-traded coin (as well as the occasional arb opportunity when one of the exchanges falls out sync with the rest). 
175  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPERCOIN] Mandatory Upgrade V.3.1.1 or V.1.6.1 on: September 10, 2014, 08:57:27 AM
This is his twitter account, I just noticed him that you are willing to collaborate... https://twitter.com/CryptoCobain



Seriously, Supercoin has high skilled devs there is no doubt about it. But STOP talking in such a disrespecting way of others!! This truly just makes me puke, i hate this attitude. Supercoin Dev/Team you are not the smartest guys in the room! Otherwise this coin would be at 100000k Wink



To see where this kind of conduct leads, need only check out the fate of Fluttercoin, another piece of unique and innovative tech (proof of transaction) that is sitting on the crypto scrap pile primarily because the dev had the same kind of attitude.   
176  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA on: July 18, 2014, 01:00:08 AM

You should probably look into some of the features Cloak has coming up. It doesn't need to be accepted anywhere.

You are assuming OneMarket will work and people decide to actually use it.  It is a lot of ifs.  A problem I see with OneMarket is people need CLOAK to participate.  What if you don't feel like going out and buying CLOAK?  It's a hurdle to adoption, and it could be a nonstarter for many people.

perhaps buying/selling selling BTC itself on OneMarket could help kickstart this? 
177  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA on: July 10, 2014, 09:20:16 PM
Quote

What's your fucking business here? Are you invested? If you're not invested or interested, get the fuck out you nobody.

Your just mad because your losing because what I say is true.
What business is it of yours if I'm invested? You life noob!
This is what I mean, the forums are just abusive shithead after abusive shithead.
Price is owned by the pumpers now, whole crypto scene is burning out.
RIP Crypto!


BTW, Here's your yacht your going to buy from Crypto profits.
LOL suits you perfectly! Call it the S.S. Deluded!


CB is that you??   LOL  if yes
178  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FlutterCoin FLT Proof Of Transaction v2 PoT Bonus for Sending/Recieving on: May 22, 2014, 06:30:28 PM
Now you delete all unwanted comments. Scammers!

What comments were deleted?   This is not a self moderated thread so kidcoin cannot delete comments, only Bitcointalk's main admins can. 
179  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FlutterCoin FLT Proof Of Transaction v2 PoT Bonus for Sending/Recieving on: May 21, 2014, 03:29:25 PM
Kidcoins given up obviously. Lost all respect him for that last post, how old are you? 22?. It's up to him and his team to build the community and push the coins acceptance not the public. Maybe just expected everyone to carry it with the work provided like some other popular coins like Doge.

I've never actually seen a serious post from you kidcoin, it's always "lols and rofls", calling names and other unprofessional post upon post. You think why is the community not taking the coin serious...

I messaged you offering some extremely valuable help and coverage for the summer on a leap of faith granted, in exchange for letting me know if you know if it'll go sub200, if you have any 'plan' being an experienced trader as you've said. Definitely not losing money though are you.

All I see on mintpal is somebody systematically cashing out and making as much money from his bag as possible. Here's my finger, pointing directly at you kiddocono. I'm out before I take a loss.

- Delete this and I'm happy to advertise my suspicions more widely.

It might have been an oversight, but note that this thread is not self-moderated, which is one of the things that usually signifies much more legitimacy than otherwise. 

FYI self-moderated threads (where the OP can delete posts they don't like) = major flashing red sign that says "stay away."  The fact that this thread is not one of these is a good sign in general.
180  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FlutterCoin FLT Proof Of Transaction v2 PoT Bonus for Sending/Recieving on: May 20, 2014, 11:53:14 PM
So FLT is all about thekidcoin making money?

Yes, you got me. I want a Bentley.  #gobigorgohome

The funny thing is that some people think the dev shouldn't make any money...  For example if there was a premine (which I didn't pre-mine this coin).

I think if the dev hasn't made money from their coin, they screwed up bigtime. A successful coin is self-funding, and that includes development costs.  Nobody is going to begrudge a dev who gets rewarded for a successful coin system that is useful or at least, potentially useful.
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