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1  Economy / Service Discussion / Re: How to Deal with Poloniex hack situation on: March 04, 2014, 04:48:19 PM
SMS confirmation ?!
fuck that holy shit do you think I am made out of cellphones and time

I say just fix the problem and have the website run as it normally does with the normal fees and use the money you make from fees to fill in the 12.3% gap
I don't see why we can't have poloniex operate as a fractional reserve exchange, even temporarily. Every other exchange is fractional reserve, this shouldn't even be a problem at all.

Unless 87% of the BTC in your website are withdrawn really fast regularly I can't possible fathom how this could even be a problem, something is missing here.

I think poloni.ex operated as a fractional reserve exchange and this 12.3% WAS their fractional reserve, maybe.
That would explain why this problem didn't get solved in 5 minutes and an apology.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: CoinMarket.io | New, self-moderated support and news thread. on: February 26, 2014, 09:41:45 AM
Damn, you guys had me pretty scared, but I just withdrew BTC without any problem.

I wonder why there's so much FUD being spread here.
3  Economy / Micro Earnings / Re: QoinPro.com - Sign-up and get Free BTC, LTC, FTC every 24 hours automatically on: February 18, 2014, 03:54:34 PM
I think this website is neat, but the rewards really are negligible at the moment
It's cool, though, and I look forward to seeing what it becomes.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SMC] SmartCoin FAIR DISTRIBUTION 3 EXCHANGES [COINMARKET | COINEDUP] on: February 09, 2014, 08:45:21 PM
We're making nice gains again on CoinMarket. Should've bought some more at 15. Oh well.


Where do you see nice gains its dropping

Went from 15 to 20. I'll take a 33% ride any day of the week!

lol terrible for cryptos

is someone seriously keep the price down its slowly going down every time i check
faster growth isn't really sustainable, not to mention the hard fork hasn't happened yet, so the price still can't go up much without multipools switching to smc and dumping
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SMC] SmartCoin FAIR DISTRIBUTION 3 EXCHANGES [COINMARKET | COINEDUP] on: February 09, 2014, 09:36:23 AM
35,000 in 40-50 hours
I predict a huge rise in price based on the fact that multicoin pools won't shift their focus to smc and dump coins until it isn't worth mining for them anymore, the coin will finally be able to see some proper growth considering how much interest has been shown.
Exciting !  Grin

You know, i think, that multipools are not so bad. They give a decent ammount of Hashrate and make price growing.

Watch this logic:
1. If coin is not profitable, nobody is mining
2. If nobody is mining, Hashrate falls and difficulty falls to
3. Miners get their coins cheaper so, they will tend to sell cheaper, so price falls
4. If price falls, profitability falls too.
5. If price falls constantly, nobody wants to invest in coin

At that moment, SmartCoin hashrate is really depends on big pools, constant Hashrate is, maybe, 1 GH/s or somewhere around it. But plus 1-3 GH/s is generated by multipools and by people, who search information at Coinwarz... Current Hashrate 4 GH/s is very cool, but I wait for 10 GH/s at the start of next week. SMC will grow +200%.

Multi-pools do have decent amounts of hashrate but are not good for coins.

What multi-pools do is mine the most profitable coin and dump coins constantly causing the value to drop. Hashrate goes up as value goes up.

When difficulty goes up, less coins can be mined=demand>supply and price goes up.

If price falls, miners move and diff drops. More coins to be mined thus more profits=miners come back.

I've witnessed multi-pools destroy a coin, take a look at fedora (tips). Multipools throw at it several GHs and push diff to 100+ levels then leaving small miners to do the hard work. Also take a look at leafcoin there had to be 3 updates due to multi-pools destroying the coin's value.

Multi-pools are bad for any coin and are based on greed, doesn't care about any coin just mining and selling right away.

Yeah, that's pretty much it. They completely ruin the stability and value of a coin, and their community, they stop people who have genuine interest to mine the coin and people who have genuine interest from investing in the coin, because as soon as the value gets higher the miners' impact becomes negligibly small and investors get burned.
Once this update comes in SMC will grow steadily, as it should, with the community support going strong currently.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SMC] SmartCoin FAIR DISTRIBUTION 3 EXCHANGES [COINMARKET | COINEDUP] on: February 09, 2014, 06:42:56 AM
I can't wait this gravity well stuff.  The multipools are stealing our lunches now.  They mine OUR precious coin always at the easiest difficulty without giving whatsoever to her. They don't even advertise, just abuse the low difficulty.   I HATE THE MULTIPOOLS. I hope they all die at block 35000...   2-3 more days of waiting...
buy as much as you can for the price going up without getting dumped on by multipool miners  Wink
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SMC] SmartCoin FAIR DISTRIBUTION 3 EXCHANGES [COINMARKET | COINEDUP] on: February 09, 2014, 05:09:39 AM
35,000 in 40-50 hours
I predict a huge rise in price based on the fact that multicoin pools won't shift their focus to smc and dump coins until it isn't worth mining for them anymore, the coin will finally be able to see some proper growth considering how much interest has been shown.
Exciting !  Grin
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CorgiCoin (CORG) - Come strut with us! on: February 08, 2014, 09:22:41 PM
The wallet from te OP is still the right wallet or do i need a new one?
The wallet from the OP works I'm pretty sure, you just might need to do something like manually modify your corgicoin.conf file in C:\Users\{You}\AppData\Roaming\CorgiCoin
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SMC] SmartCoin FAIR DISTRIBUTION 3 EXCHANGES [COINMARKET.IO] on: February 08, 2014, 06:12:18 PM
Wow I went from a casual 90 coins a day with a simple rig to 30 because of diff. Nooooooooooo >=P
you should be happy, your coins are probably worth more than 3 times as much  Roll Eyes
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SMC] SmartCoin FAIR DISTRIBUTION 3 EXCHANGES [COINMARKET.IO] on: February 08, 2014, 06:04:28 PM
Either a pump, or someone knows something...throwing 30 btc is a lot at this

Think about it

probably bigvern mined it when diff was below 5
yeah that guy is pretty shady lol he is probably rich as fuck from his exchange by being able to manipulate prices
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CorgiCoin (CORG) - Come strut with us! on: February 08, 2014, 05:08:04 PM
10 shatoshi  Cheesy
I don't want to be pessimistic because I've mined some personally, but that's a bit optimistic, hundreds of millions of corgicoins were sold at 2 satoshi, if it even goes anywhere near 3-4+ people who bought at 2 satoshi will start dumping to double their money before it isn't possible anymore.

Also, people are not mining it as much anymore because it's not as economical, this coin was definitely abused by some multipools which crashed the price, and the mining difficulty has actually gone down in the past 48 hours.
But, if they add it to CoinedUp more people might get interested and I could see the price going up to a certain extent.

Just be realistic  Cheesy
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SMC] SmartCoin FAIR DISTRIBUTION 3 EXCHANGES [COINMARKET.IO] on: February 08, 2014, 04:32:46 PM
whale order gets filled out, people start panicking and sell lower, and it comes back
hahahah
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CorgiCoin (CORG) - Come strut with us! on: February 08, 2014, 04:09:21 PM
Just seen a message on the Coined Up Petition, Pete from Coined Up wants the Dev's to put the source on Github  Grin

Were going somewhere !
yeah, I think the prices will for sure be at least above 4 satoshi if it goes on Coined Up Tongue
14  Alternate cryptocurrencies / Altcoin Discussion / Re: free 5,000,000 doges to giveaway. many dogecoins. like such cute dog. on: December 17, 2013, 07:31:15 PM
DNhWJuPaxbcCv7kJBAd7Tt5vwPy5djKiCb

Liked both of your facebook pages, retweeted your tweets, tweeted the thing, posted comments on your facebook pages, followed your twitters, etc.

plz donate doge
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Is there any altcoin promising? on: December 16, 2013, 02:40:33 AM
FTC might be relevent somehow. Dogecoin is showing some really big growth even though it's a joke lol.
16  Economy / Speculation / Re: Will the bitcoin reach $10000 one day? on: December 16, 2013, 12:27:51 AM
because of the finite quantity of available BTC I think it is possible within next year or two it could be several thousand
17  Other / Beginners & Help / Re: Curious about energy costs with 7950 on: December 15, 2013, 10:24:18 PM
this has good info
https://litecoin.info/Mining_Hardware_Comparison
http://bitcoinwisdom.com/litecoin/calculator
18  Other / Beginners & Help / Re: Everyone doing cryptocoins should be using Linux as OS on: December 15, 2013, 09:56:57 PM
I agree, linux has always been generally considered better for things involving a lot of computing power, it's just less user friendly so even though users would be better off using it they're not willing to make the switch from what they're used to.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin value? on: December 15, 2013, 09:19:27 PM
I think it's funny that this is a joke altcoin and yet it's getting some big success right now.
20  Other / Beginners & Help / Re: Can not reply in most places here on: December 15, 2013, 09:12:33 PM
I have the same issue, I guess this explains it !
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