2 Qbits do not a quantum computer make. Its at the same level as we were in the 1940's during the early development of the transistor. It took a considerable amount of time before these crude attempts could do anything sophisticated. There's still some time, but then again, there are crypto algorithms that exist that aren't quantum-crackable anyway.... so worst case we soft/hard fork and be done with it.

Yet-another-proof-of-stake-failcoin scheme. Trying to supplant a "niche" that is already taken care of, except with a scheme that locks you in to their investment, (sound familiar? GemCoin,*cough*), and relies on magic unicorn wishes to become more widely used.

Sidechains will obviate any of these tokens, but they still keep trying to reinvent the largest and most secure cryptocurrency around...

I live for the day that "social networking" implodes like a spent star. Twitter can be first, thanks.

I wonder how much energy is wasted playing mobile Kim Kardashian games.

And yet, they rail about Bitcoin.

Bitcoin eXtra Tantrum has a 9% following, which isn't much of a consensus at all.

Why Gavin joined up with Hearn, I'll never really know. All I do know is that these two have caused more damage to Bitcoin in general with their "take my ball and fork the client" approach than any potential Bitcoin vulnerability has.

Why do we still give them a soapbox to foul the Bitcoin ecosystem?

All it takes is one Packetshaper in-line with a customer's connection to render this kind of thing ineffective. Trying to lure people to hit their bandwidth cap seems silly to me, as most ISPs are pretty paranoid about the small percentage of "heavy users". They'd probably think you're trying to resell your connection, lol.

Zero confirmations has always been a bad move for a business model. I don't get how this is really "new" to anyone who has been operating in the Bitcoin ecosystem. The only desperate candidates for zero confirms seem to be gambling sites and some micro-transaction schemes, where the risk is rationalized.

Called this one in early September. It looked like a scam, and smelled like a scam. Hey, what do you know, it really was a scam.

Being involved with Bitcoin has really improved my scam detection, and that "GemCoin" scheme sure reeked of it. Glad they're getting nailed to the mat by the authorities.

Brian is just another entry in the "empty suit" school of business ethics.

He filed first because "they're agile"? Riiiight. In the same article he says that patent filings increase company value, which is clearly the goal here.

He'll "look into" open-sourcing the patents if awarded? Riiiight, there's nothing legally that would compel them if they actually get these patents.

All I'm seeing here is a mealy-mouthed economist/CEO playing soothsayer so people won't roast his company alive at the stake.

Coinbase, you can take your patent applications and shove them up your anglo-saxon ass.

Great, another "news" post that is just a thinly-veiled advertisement.

Its been in development for "a long time" eh? The article referenced says:

"NeuCoin’s founding team started the NeuCoin project in March 2014..."

Oh my, a whole YEAR and change, please - tell me more!

Its focus is microtransactions, (Bitcoin already does this), giving away free coins (Bitcoin faucets already did this), web wallet (electrum, etc., already did this), and more! My god, someone call satoshi on the phone and tell him to write a post saying Bitcoin is over, here comes new-whatever-coin!

Another fun snippet:

"All of these coins transferred to these growth accounts are contributing to the NeuCoin proof-of-stake mining pool and help secure the coin’s network."

Oh my, Proof-Of-Stake? You mean the method that has obvious flaws and is used by no-one (nobody who is successful on a global basis, that's for sure)? Why, let me line up to send you money! Its win-win!

Just another blah-coin that will get completely steamrolled when sidechains make owning a separate alt-token irrelevant. Invest at your own risk, looks like another "promising" entreaty from someone who wants to exploit the next wave of newbies.

Just confirms what I've been saying.

I completely expected business and banking to build their own implementations, because most have the "not invented here" attitude in their corporate culture. Once they figure out that they're just replicating something that has been amply solved (and globally distributed), we'll be waiting with open arms as they are finally forced to acquire some Bitcoin for their tokenization efforts, or at the very least, have to use the global blockchain that Bitcoin is using.

Just watch, it will inexorably step in that direction, especially if one of their homebrew blockchains gets hacked/pwned by someone.

Please update topic to fit into the formatting for the news section...

Thanks...

Needs updating to have a topic for the news section, only the date was included.

Thanks...

Its funny, but the Banks and potentially other countries are doing what stodgy stuffed-suits often do -- "not built here" syndrome, spurring their own duplication of effort.

So lets say those 6 or so banks that were recently announced bring up their own blockchain with various features. This just presents another attack surface, and if their combined hashpower is trivial to outperform, could result in one of the larger heists in recent history, if conducted properly. The real comedy of errors here is that there is already a very large hashpower resource that the Banks are desperate not to invest directly in.

The truth will become evident after their projects either die from lack of real innovation (wrapping everything in a blockchain doesn't guarantee success, not to mention the resources to maintain it), or they end up getting hash-owned by someone in russia or china, who then abscond with their digitally-signed bonds or whatever before they're any the wiser.

It should be good entertainment, at the very least.

Needs proper date formatting to be in the News section.

Thanks....

For those not familiar, in the USA there are several locked-in sales scams that involve a membership to a given "club", but you're restricted only to their merchandise, which is invariably marked up for easy profit. These shopping clubs frequently appear in states with high levels of general fraud activity, such as California, Florida, etc...

This "GemCoin" scam is similar, locking you into their ecosystem while the founders get to collect the cash funneled into the system. Nothing new under the sun, even in crypto-land...

These guys should be prosecuted for promoting a DDoS. If they keep up this bullshit, I'll personally find out how to shut them down in the UK.

Keep it up, assholes.

This still-born project still getting press? Hilarious, since the absent creator of the "Mastercoin" tokens has pretty much cashed out. They seem to change the tech name every so often to snare new users into their schemes.

Scammers gonna scam, I guess...

These little shits deserve every misfortune that will ever befall them.

I have zero respect for their services, their "stress test" bullshit, or the other lies they use to do what is essentially a denial-of-service attack on Bitcoin.

If I worked in their datacenter, I'd yank their fucking server so fast you'd hear the drives whine like gyroscopes as it fell to the floor.

Ahhh Krugman. That guy reminds me of a vivisection experiment from the "Island of Dr. Moreau", like if you took a poodle and gave it glasses and a wiry beard, and taught it to bark "more debt is better". His "nobel" prize is from an economics panel, not the scientific one - but lord knows he always flogs that title whenever he can. But that is the sum of the man/beast, where incomplete facts and vague statements (to maintain plausible deniability later, the 2005 fax statement notwithstanding) are the sum of his intellectual knowledge.

Krugman was recently quoted in reference to the Japanese debt and Greek issues, and his statement essentially said "they should've issued more debt for things to work". That kind of advice, along with his poodle-esque visage, should tell you all you need to know - that he's an ethically bankrupt individual that has no grounding in reality. The reason he's surprised by commodities falling in price is he's never understood deflation, especially when the Chinese just reverse-QE'ed the USA by dumping nearly 800 Billion in Treasury debt.

It'll all come tumbling down, and I hope Krugman is there, somewhere in a high-end grocery store, mulling over which kind of whole-seed mustard to buy when a hooded non-1-percenter shoves him down and steals his wallet, then ransacks the store for good measure.

He is a man in dire need of a clue-by-four upside his smug poodle-grinning face.