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1561
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][PES] Pesa - Anonymous Coin - No Premine - Dynamic Interest - PoStr
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on: July 20, 2014, 05:08:02 PM
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2k sats is ridiculous for a 20m pow coin with nothing on the front page but vague anon promises and a fucked up wallet.
Yes yes, bring that hash rate down some more please. I lost .2 btc on that monstrosity conceal last night, I'm in no mood to stand by and watch another train wreck. I lost out .7btc on that shit. The thing that pisses me off most. Is that I sold some of my precious Cloakcoin to fund a wild goose chase. I'm sticking with Cloakcoin, one of the true winners in this fucked up crypto world. Sorry to hear that, I made 4 btc on cnl, I mined it from the start. Miners took a lot of money from unsuspecting buyers. Prices on these new coins need to slow the hell down. What threw me and everyone else off was being added to 3 major exchanges immediately, the lesson here is this means absolutely nothing when deciding if a coin is a scam or not. |
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1566
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CNL] ConcealCoin | No Premine | 24 hours POW! LAUNCHED! BITTREX!
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on: July 20, 2014, 01:17:05 AM
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I don't understand why people think Bittrex should do anything more than they already do.
They are simple an escrow service, there to guarantee your trades are completed.
They have no responsibility to vet anything.
If they don't list a coin people say they are playing favorites.
If they list a coin people say they are irresponsible for not proofing the coin code base.
If you don't like what they do or how they do it then don't trade on their site.
Absolutely. Exchanges are a service, not a regulatory agency. Buy at your own risk. |
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1570
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Economy / Speculation / Re: Bitcoin summary & forecast from someone that never lost a cent trading altcoins
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on: July 17, 2014, 04:47:02 PM
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Comparing bitcoin to the alts scene is complete waste of time. There are a small handful of alts that offer something possibly useful in the future and show relatively stable values, the rest (99.9+%) are betting tools. They aren't any more useful to the world than a horse or dog race, or a spin of the rullette wheel. Bitcoin, on the other hand, is slowly becoming adopted as a means of value transfer. No other altcoin can touch it in this area and most likely never will. I don't even know why I wasted the keystrokes to type this, if this isn't obvious to you by now my saying it now isn't going to make an impression.  |
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1574
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SHLD] ShieldCoin - X15 - PoS - Fair Launch - Whitepaper RELEASE!
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on: July 12, 2014, 06:26:07 PM
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so this coin is pumping on a whitepaper and the fact that a low coin count creates insane volatility.
Congrats to those who are making money but I will be on the sidelines for now.
Pumping?! 50k sats and 1m coin is a very low mkt cap. You and everyone else who thinks this a pump need to get out your calculators and gain some perspective. 50k sats is dirt cheap for a coin with potential and a serious developer. We aren't talking about a cool wallet or some bs promise to push adoption. We are talking about decentralized anon transactions and chat. The Cin wallet, for example, offers centralized chat - big difference. If the dev pulls this off this could could go really big. I'm not saying it's worth .02 now, but it has the potential to be. |
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1575
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SHLD] ShieldCoin - X15 - PoS - Fair Launch - Preview Whitepaper Today!
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on: July 12, 2014, 02:08:44 PM
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pools have sold their coin so its not them, volume does suggest those early buyers at 10k have sold around 25-40k. 30k is new floor. soon it will be 40k
Lol, don't you guys see it? The buy walls that kept getting 'hit'. The large buys that would clear part of the orderbook then sell orders would reappear in there place seconds later... Watch the orderbooks, not the graphs. Not a single coin that ever went big didn't have manipulations to raise the price, in fact it's necessary. I've never seen it being done so much and so obviously as watching Uro, although Blackcoin's epic pump to 100k was close. I'm sure a lot of it is a whale having fun scalping as well. People need to really understand the number of coins we are dealing with, at 50k sat that's the same mkt cap as XC at 10k sats, 1m vs 5m. Anyone else remember when BC had just finished pow and was at 500 sats? yeah, that's about what current shield mkt cap is when you divide 35k by 75. I'm buying the developer not the coin in it's present state on this one, I'm so sick of the same scam artists copy/pasting with the same old bs and/or lies, this coin is a breath of fresh air - just wish I found it earlier. |
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1577
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
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on: July 11, 2014, 03:13:40 PM
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Here's an analogy that will help concerned people understand why a urea seller today would accept 12,500 URO for 12,500 tonnes or urea when the price of URO is so low... It's simply a permanent store of wealth. Urea has a limited shelf life. The producer can't store urea for 5 years then sell it so what can they do to retain their value? Simple, accept 12,500 URO for equivalent purchase of urea today. Take a look at gold in 1900, it was only $20 usd per ounce but is stable today well over $1000 usd per ounce. http://www.onlygold.com/coins/Gold-Double-Eagles.aspIn 1900 a lot of experts knew that the value of gold had the potential to reach over $1000 but they weren't willing to pay it because they can keep the gold for 100 years because gold will last 100 years. The is really no difference between gold and URO except for one major feature. URO protocol means that 1 URO = 1 tonne of urea. Obviously URO will last forever (like gold) and it's a store of wealth. Even if it takes 100 years to reach $300 per URO it's still a store of wealth. With URO you have the option of accepting it for urea and keeping it or you can go out any day in the future and get 1 tonne of urea or sit on URO for 100 years and watch it reach 300 usd. The interesting thing is though what happens if there is some world event that causes market price of 1 tonne of urea to reach $1000 per tonne? Simple, now 1 URO = $1000  .... Look at what happened to the phosphate market (also a component of fertilizer). In the mid 2000's phosphate skyrocketed in price from $50 per tonne to almost $450 per tonne. This could happen to urea prices, there is no reason that they can't skyrocket to over $3,000 per tonne http://www.infomine.com/investment/metal-prices/phosphate-rock/all/ So in theory if you own only 10 URO and some earthquake or drought causes a lower worldwide supply of urea and send urea price to $3,000 per tonne your 10 URO are now worth $30,000 USD !! This explanation completely flies in the face of the reality of business. Urea sellers are not speculators, and if they were they wouldn't be stupid enough to take a risk on Uro anyway. They have bills to pay on a daily basis that get paid by selling Uro that day. They may take profits but their margins are not anywhere near being able to give urea away for free for 5 years. Holy shit a 10 year old wouldn't buy this. Every day they have bills to employees, utilities, taxes, many other expenses. They pay these with sales of urea that occur with an immediacy that does not allow for speculation. End of this ridiculous point. I understand what you're saying for sure. They can pay the bills with the thousands of dollars that they save in broker fees, bank fees and all of the middlemen along the way. The buyer of urea would even be willing to pay a fiat surcharge under the table for the shipment if it stills saves them money at the end of the day. URO will allow for the transfer of wealth from the middle men to everyday people. They will have plenty of money to pay their bills. Most of these companies are sitting on millions of dollars of assets anyways. No successful business, including Urea sellers, give money away. Those who do don't survive long. This thread has been entertaining to say the least, but the bottom line is a lot of people got swindled here and I don't like to see that. |
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1578
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
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on: July 11, 2014, 03:03:07 PM
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Here's an analogy that will help concerned people understand why a urea seller today would accept 12,500 URO for 12,500 tonnes or urea when the price of URO is so low... It's simply a permanent store of wealth. Urea has a limited shelf life. The producer can't store urea for 5 years then sell it so what can they do to retain their value? Simple, accept 12,500 URO for equivalent purchase of urea today. Take a look at gold in 1900, it was only $20 usd per ounce but is stable today well over $1000 usd per ounce. http://www.onlygold.com/coins/Gold-Double-Eagles.aspIn 1900 a lot of experts knew that the value of gold had the potential to reach over $1000 but they weren't willing to pay it because they can keep the gold for 100 years because gold will last 100 years. The is really no difference between gold and URO except for one major feature. URO protocol means that 1 URO = 1 tonne of urea. Obviously URO will last forever (like gold) and it's a store of wealth. Even if it takes 100 years to reach $300 per URO it's still a store of wealth. With URO you have the option of accepting it for urea and keeping it or you can go out any day in the future and get 1 tonne of urea or sit on URO for 100 years and watch it reach 300 usd. The interesting thing is though what happens if there is some world event that causes market price of 1 tonne of urea to reach $1000 per tonne? Simple, now 1 URO = $1000 .... Look at what happened to the phosphate market (also a component of fertilizer). In the mid 2000's phosphate skyrocketed in price from $50 per tonne to almost $450 per tonne. This could happen to urea prices, there is no reason that they can't skyrocket to over $3,000 per tonne http://www.infomine.com/investment/metal-prices/phosphate-rock/all/ So in theory if you own only 10 URO and some earthquake or drought causes a lower worldwide supply of urea and send urea price to $3,000 per tonne your 10 URO are now worth $30,000 USD !! This explanation completely flies in the face of the reality of business. Urea sellers are not speculators, and if they were they wouldn't be stupid enough to take a risk on Uro anyway. They have bills to pay on a daily basis that get paid by selling Uro that day. They may take profits but their margins are not anywhere near being able to give urea away for free for 5 years. Holy shit a 10 year old wouldn't buy this. Every day they have bills to employees, utilities, taxes, many other expenses. They pay these with sales of urea that occur with an immediacy that does not allow for speculation. End of this ridiculous point. |
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1579
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
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on: July 11, 2014, 02:57:47 PM
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Why on earth would a speculator tie up his btc when uro gets near the price of urea, knowing it's not going to go much over it? there is no chance to gain. The uro price only went to .04 because of hype it could go to .4, without chance of significant gains nearly all traders will be OUT.
Jebus, there just is no logic in this thread except from fudders. You want proof this is a scam? use your fuckin brain.
This may surprise you, but a cryptocurrency can be used for things other than speculation. And when it is, speculators are no longer necessary. Speculation sets the price, the only other value it has is in transferring value. This is the sort of post completely lacking in logic and substance that permeates this entire thread, thanks for continuing the Uro montra. |
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