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301  Alternate cryptocurrencies / Altcoin Discussion / Re: WTF is happening with NXT? Fucking Nothing!!! on: November 14, 2014, 02:45:36 PM
Sell, it will go down more in the nearest future. Sell now not to lose more.

NXT will go up when SuperNET is lauching. Any bet on this? I give you 1:1 odds that NXT's price is about .00004840 at 31. January up to 10 btc. Should a snap for you.

If this is true then how come SuperNet has gone down in price?  I own SuperNet and all the other assets they've been issuing it out and it continues to go down & down.  Somebody is cashing it out below its' IPO prices.  Same thing with these $hitcoins that James has been endorsing too.




Current marketcap's don't reflect most times the real value TaunSew. As a nooby you probably don't know. I'm not gonna blame you for that.

Even the price of bitcoin needed it time. People started using bitcoin on Silkroad when the price was about 10$. The price didn't moved up for a long time allthough strong fundamental data came. After Silkroad1 was shutted down the price of bitcoins started to skyrocket.

NXT till today allways delivered so it's aa easy long position. You need time for that. For the quick buck you should probably move to an another coin.

best greetings,
levinhostar

Quick buck?  Like people who put in $150 and made $4 million on NXT?  Yes please buy NXT Smiley  Make the rich whales richer Smiley Smiley

NXT was the first IPO on bitcointalk and was open for everyone. Not many peoples were interested in it and didn't saw an advantage in a new code so only 73 people invested 21 btc in it. So a lot of people missed the opportunity and calling it now unfair. That's simply just FUD without having a legit argument against it.

After the NXT hype in the beginning of january a lot of people saw an opportunity to make Money with an IPO but NXT DID NOT made money with it.

But as a guy who registered in the beginning of this year can't know that. I'm saying it again: i don't blame you for that. Just do your own research and you will find out that you are wrong in your statement's.

Some people also invested only 20$ for 10k bitcoins. You can't blame people for beeing an early adopter. Everybody had the chance. You and me simply missed it but that don't mean it is not worth an invest.

Because it is unfair to ask people to invest heavily in NxT when it had nothing to show. The entire distribution design of NxT is unfair. A crypto shouldn't distribute their entire coin supply at day 1. That's unfair, I refuse to invest in any crypto that does that.

There should be a reasonable long distribution period, or an inflation schedule toward a final cap.

With NxT, basically anyone that didn't get in on day one, will have to purchase NxT from an early adopter, instead of simply buying from coin supply.

I believe this is the main reason NxT is often called a scam/unfair. You could look to Bitshare's distribution model for a fair distribution, the distribution was done over the period of several months, with half PoW distribution, half donation based. Also it now has an inflation schedule toward a final cap.
302  Bitcoin / Bitcoin Discussion / Re: How Can We Make Bitcoin Mainstream? on: November 13, 2014, 08:52:23 PM
1st, end PoW mining. Because mainstream doesn't like being charged a 10% tax on their entire Bitcoin holding every year.
303  Economy / Service Discussion / Re: Should I trust Bter? on: November 11, 2014, 11:41:15 PM
For trading, BTER is about the best you could find. Though you should look else where if you are trying to trade the BTC/USD pair.
304  Alternate cryptocurrencies / Altcoin Discussion / Re: BitSharesX -- out of nowhere? on: November 11, 2014, 04:16:39 AM
Bitshares is a good project, stamp of approval here.

Well it is still new lets see how long they will last this time. PTS is already done you can see this today.

That's because on Nov 5th BitShares PTS became part of BitSharesX, they also added BitShares DNS and also as yet unreleased BitShares VOTE. So now the X will drop from BitSharesX and it will just be one BitShares platform.

So BitShares PTS is falling cuz it's pretty much over in its current form. Some people are looking at rebranding it as just PTS and continuing it that way.

You jokeing ? Aren't you ? So what happed to the people that bought at 20$ ? They fucked now?

Are you a PTS holder? I bought PTS at 0.02 BTC/PTS back in Nov 2013, and held till the Nov 5th, 2014 snapshot, then sold all immediately after the snapshot for 0.0026 BTC/PTS

So, my total investment cost was 0.0174 BTC/PTS. Now let's see what I got from each PTS:
* 644 BTS from February 2014 snapshot
* 1176 DNS and VOTE from dual snapshot, which now both converted to about 40 BTS total
* another 100 BTS from Nov 5th 2014 merger snapshot

So total of 784 BTS, which is currently worth 0.04 BTC, for my original investment cost of 0.0174 BTC.

Also since I held through the "play" snapshot, my PTS address would still be eligible for that too, though it haven't even been properly valued yet, I'm sure it'll worth something.

I wouldn't really call a 200%+ return in a year, "fucked". If you are PTS holder, I'm really curious what you did to feel "fucked" by holding PTS. Because if you bought PTS at nearly any point in the past year, and held till now, you would have made money (in term of BTC).
305  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS on: November 07, 2014, 02:57:10 AM
Really? PoW supporters are resorting to conspiracy theories now? well that's understandable, since the reality has shown
PoS is superior in every way.
306  Bitcoin / Bitcoin Discussion / Re: SilkRoad 2 Taken down by Feds on: November 06, 2014, 07:36:26 PM
OB is not blockchain based right? how does it hardfork without having a chain?

Forking doesn't necessarily have anything to do with Bitcoin or blockchain technology. It is a term used in open source code.

But to answer your question OB does indeed use Bitcoin and DHT.

A real protocol can't be forked, it would always work the same way, regardless who's developing a client for it, it's not a software.

For example, if you forked SSH, then it's no longer SSH. If you forked BitTorrent, then it's no longer BitTorrent.

If you forked OB, and it's still OB, then you just proved FBI have a case against the operator, since it's not a protocol. It behaves like a website. Pretty much like silkroad 1.0 vs 2.0
307  Bitcoin / Bitcoin Discussion / Re: SilkRoad 2 Taken down by Feds on: November 06, 2014, 07:26:44 PM
From what I understand, OB is not a protocol, but THE platform itself, the developer can directly control what goes on in the marketplace by using code. Is it possible for others to develop alternative clients that also works?

OB is a protocol, being that it is merely open source code run on individual computers. The devs cannot control anything because the users can fork or simply not upgrade to the newest version at any time just like with Bitcoin.

OB is not blockchain based right? how does it hardfork without having a chain?
308  Bitcoin / Bitcoin Discussion / Re: SilkRoad 2 Taken down by Feds on: November 06, 2014, 07:19:52 PM
The FBI can shut it down by arresting the operator, OB is no different. FBI can just arrest the developer of OB, and announce that anyone writing code for OB will be arrested. No developer will touch OB, and without active development, OB is dead in the water.

OB is very different.  It's intent has nothing to do with illegal activity.  Why is BitTorrent a company operating freely here in the US with no arrests?

Doesn't reallly matter. Silkroad has plenty of legal products on it too.

As soon as one illegal product show up, and OB developer ignore a cease and desist, then OB will possibly become illegal.

Dude, you're not getting it, OB is a platform for others to buy and sell, it isn't hosting anything.  Again, look at BitTorrent, I can download a # of things illegally, yet BitTorrent team is a Silicon Valley company with no arrests. 

Plenty of BitTorrent website and companies has been shutdown/arrested over the years. BitTorrent software itself is just a protocol, much like TOR, is not illegal by itself. It's what's built upon it, that could potentially be illegal. The protocol can't control what other people are doing with it.

From what I understand, OB is not a protocol, but THE platform itself, the developer can directly control what goes on in the marketplace by using code. Is it possible for others to develop alternative clients that also works?
309  Bitcoin / Bitcoin Discussion / Re: SilkRoad 2 Taken down by Feds on: November 06, 2014, 07:14:05 PM
The FBI can shut it down by arresting the operator, OB is no different. FBI can just arrest the developer of OB, and announce that anyone writing code for OB will be arrested. No developer will touch OB, and without active development, OB is dead in the water.

OB is very different.  It's intent has nothing to do with illegal activity.  Why is BitTorrent a company operating freely here in the US with no arrests?

Doesn't reallly matter. Silkroad has plenty of legal products on it too.

As soon as one illegal product show up, and OB developer ignore a cease and desist, then OB will possibly become illegal.

Plenty of BitTorrent website and companies has been shutdown/arrested over the years.
310  Bitcoin / Bitcoin Discussion / Re: SilkRoad 2 Taken down by Feds on: November 06, 2014, 07:11:47 PM
The FBI can shut it down by arresting the operator, OB is no different. FBI can just arrest the developer of OB, and announce that anyone writing code for OB will be arrested. No developer will touch OB, and without active development, OB is dead in the water.

I know many developers that will specifically drop involvement in their current projects and work on Openbazaar specifically because they are using violence to censor speech.

I would be one of them.

Why aren't you building for silkroad then? (or maybe you are, then I'm wrong). Silkroad isn't just for drugs neither, there's plenty of legal products on it, pretty similar to OB.
311  Bitcoin / Bitcoin Discussion / Re: SilkRoad 2 Taken down by Feds on: November 06, 2014, 07:06:44 PM
Creating a website is writing code too, FBI had no issue arresting website operators.

Ahh... This is where you are confused. With Openbazaar there is no website to shutdown. https://openbazaar.org is merely for information and ca easily change TLD's or to a .bit to promote the project.

There is no server hosting Openbazaar to shutdown either, the marketplace exists across all users.

If TOR didn't protect silkroad 1.0, 2.0 etc... what makes you think anonymous code contributors are safe?

Nothing is 100% secure with anything digital or physical. The point is to make it impractical because the costs are too high. The FBI can afford to spend millions of dollars to track one server but not thousands.



The FBI can shut it down by arresting the operator, OB is no different. FBI can just arrest the developer of OB, and announce that anyone writing code for OB will be arrested. No developer will touch OB, and without active development, OB is dead in the water.
312  Bitcoin / Bitcoin Discussion / Re: SilkRoad 2 Taken down by Feds on: November 06, 2014, 06:59:54 PM
Nope, OB can be easily taken down, just arrest anyone who develops for it, it'll easily scare all developers into not touching OB. Without active development, OB is dead in the water.

Arresting people for writing code would be an interesting totalitarian thought experiment which would totally not backfire.   Roll Eyes Writing code anonymously for a project is easy to do. Distributing code anonymously is also easy to do with torrents.

There is no stopping this.

Creating a website is writing code too, FBI had no issue arresting website operators.

If TOR didn't protect silkroad 1.0, 2.0 etc... what makes you think anonymous code contributors are safe?
313  Bitcoin / Bitcoin Discussion / Re: Dear Would Be Drug Marketplace Operators on: November 06, 2014, 06:57:54 PM
FBI is certainly stepping up enforcement efforts. The oldest dark net market "farmer's market", used paypal, and they weren't caught for over 2 years (surprise surprise, they were caught simply by paypal disclosing their contact info to FBI). This was before Bitcoin was available.

FBI is increasingly getting good at busting TOR sites.
314  Bitcoin / Bitcoin Discussion / Re: SilkRoad 2 Taken down by Feds on: November 06, 2014, 06:53:47 PM
I believe  individuals shops can be shut down on OB ?

No.

??

OB can't be taken down but I'm pretty sure shops can.

I tend to agree with u on this regard. Individual OB shops can be taken down just like individual bitcoiners can be nabbed. But taking the the whole system is not possible and that is the beauty of decentralization.

Ah no I agree. OB can't be taken down but specific individuals can. Yes  Grin

Nope, OB can be easily taken down, just arrest anyone who develops for it, it'll easily scare all developers into not touching OB. Without active development, OB is dead in the water.
315  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS on: November 06, 2014, 03:46:59 PM
There is a false perception that somehow bitcoin price goes down by the cost of electricity needed for PoW.

Also...Global warming whackos.

um, if Bitcoin eco-system isn't paying for the electricity, then who is? Also, it's not limited to the electricity, Bitcoin eco-system is also paying for the hardware, pool fee and miner profits.

If Bitcoin eco-system pays these expenses, then it's value transferred out of the system, of course Bitcoin price will go down. Unless there's new money inflow to equalize it.

There is a hard limit on the amount of money the Bitcoin economy can lose via mining expenses. Currently that is 25 bitcoins every 10 minutes. That is the max.

If electricity and hardware costs double....people will not need to open their cold storage wallets to subsidize the cost.

Not really, you are confusing coin supply with paying for mining expense. If your theory were true, then when coin supply go to 0, mining expense will also be 0? that's obviously not the case, therefore your theory is wrong.

The expense is charged by devaluing Bitcoin, so no one will need to break out their cold storage, the expense is charged by making the coin's value decrease, that's all. As long as there's a need to use PoW to secure the network, Bitcoin eco-system will have to pay an expense tax to the miners, and that tax can not be cheap.
316  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS on: November 06, 2014, 02:17:03 PM
If you reverse PoS and PoW in your post, then your post would be 100% accurate and correct Smiley
Doesn't it cost nothing to attack a PoS coin? While you must use actual resources to attempt to attack a PoW coin?

Nope, just the contrary. In a PoW system, once you own the hardware, it cost nearly nothing to attack any eco-system that uses the same algorithm. As shown by many PoW altcoins attacked to death.

In a PoS system, acquiring enough stake to attack will cost you astronomical amount of money, (you can't really hack the stake, since it's illegitimate stake and can be rolled back by community action). Then once you acquire the stake, you could only attack one particular PoS system (which you own a majority stake in, why would you attack it? it's illogical).

Therefore, ZERO PoS system has been actually attacked so far.

I'm not sure why people ignore the fact that tons of PoW altcoin has been attacked, and ZERO PoS altcoin attacked so far, and still have the audacity to claim PoS is less secure.
317  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS on: November 06, 2014, 02:09:27 PM
There is a false perception that somehow bitcoin price goes down by the cost of electricity needed for PoW.

Also...Global warming whackos.

um, if Bitcoin eco-system isn't paying for the electricity, then who is? Also, it's not limited to the electricity, Bitcoin eco-system is also paying for the hardware, pool fee and miner profits.

If Bitcoin eco-system pays these expenses, then it's value transferred out of the system, of course Bitcoin price will go down. Unless there's new money inflow to equalize it.
318  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS on: November 06, 2014, 04:15:14 AM
If you reverse PoS and PoW in your post, then your post would be 100% accurate and correct Smiley
319  Bitcoin / Bitcoin Discussion / Re: People think price it not important but it does matter a lot on: November 04, 2014, 09:24:02 PM
There's plenty of alternative crypto that provides pretty accurate peg to USD. BitUSD or NuBits for example. So when buying things with these, you don't have to worry about fluctuation in currency value.
320  Bitcoin / Development & Technical Discussion / Re: A(nother) downside to Proof-of-Stake? on: November 03, 2014, 05:02:43 PM


The fact that ZERO PoS systems have been attacked, even though many of them are tiny, speaks volumes about PoS security. ALL of your attack vectors remains a theory at best. If you want to prove your point, the best method is not theorycraft further, but actually go and attack one currently public and working PoS system, you can even pick a tiny one if you wish.



Security through No One Gives a Fig.

That's a new one.

Not really, many tiny PoW systems have been attacked, actually being tiny increase the likelihood of an attack for PoW systems.
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