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82
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Economy / Economics / Re: Bitcoin worst investement 2014
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on: December 31, 2014, 05:03:18 PM
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And heres how you shut the fanatics up, So you love bitcoin, you say it will hit thousands of dollars, you say just wait it will get better, you say this is just another bubble as usual, BUT do you really believe that to be true if I hve agreat bargain for all of you fanatic false hope posters. ANd not before you say anything I did not buy these coins I mined them  bSO I am not a stupid bubble buyer haha so get that outas your mind now, I just pulled a price out of thin air actually Heres you chance to back those checks up you write with those false hope posts, I have 22 bitcoins I will sell you for 830 dollars each. If you are a true fanatic and believe it will actually hit 1000 dollars again or even more than 1000 dollars you should have no problem buying my 22 offered bitcoins @ 830 dollars each right, Where are my takers? Awww come on guys dont be scared back up your false hope posts with a little actions, buy now while I'm selling it low right ? I dont want to hear your false hope advice I want you to show me how serious you are about your hopes and beliefs in bitcoin. Actions speak louder than words, show us some action now 830 USD per coin 22 coins who wants them?haha. What is this a charity? You are in the running for dumbest post in the thread |
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84
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is Monero officially dead?
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on: December 03, 2014, 05:08:43 PM
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Worst coin since WC  Probably the last alt-coin I'll ever buy too. I hope the people shilling for it made out ok, because this sucker is tapped out. I think most, pbb >90% (estimation) of the people who bought into this one are in the red. The 'shills' as you call them as well. Most of the guys who were actively advocating xmr seem to be still around. (the prominent ones at least, newbie accounts shouldn't really count). They aren't as loud as they used to be because there's not much to cheer about from a speculative viewpoint. I know this doesn't help you financially, but should give you less of grudge, u weren't suckered in or anything. The obvious sockpuppets (reversed trolls) like moneroman did indeed dissapear. Those guys were just part of a temporary coordinated attack to take some wind out of the sails, which they succesfully did. This actually validates this project in a way, why would they put all this time/effort/money is something they do not fear? Fundamentals of this coin didn't change to the negative iyam. In fact there's a webwallet now and some other cool feat's coming up (database, gui). Codebased is getting brushed up, dev-team showed a couple of times what they're worth,etc. Also one of the premises for me to buy this coin was the anonymity. That's still the one to beat. Heck, even core btc dev's are seeing potential in this tech. More and more people are realising btc is not the optimal e-cash, just the biggest and most famous (and thus worthy) one. They will go look for another option. I think at this right moment most people will turn to dark, since they're ahead of us feature and marketing wise. From a technical viewpoint monero is superior tho. This isn't the usual betamax vs VHS, or HD vs bluray battle. We're talking currency, and in currency the good money will drive out the bad. In this particular niche the coin with the best technology will win eventually. The real battle is still ahead. I think in 2015, once this product is more solid, there will be more marketing, more use(rs), more liquidity etc. And thus resulting in a higher price. So yeah, i'm in the red big time, as are a lot of us, but haven't lost my faith (to the contrary). Its really a no brainer. Xmr just has to maintain itself until Btc blows up again. Once the speculative money flows into crypto again, investors are going to look at the space and see what else is available for value, as long as xmr keeps showing a steady record, it will be it. |
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85
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Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer
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on: November 30, 2014, 06:36:19 AM
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I hear what you are saying, its late on my side so forgive me if I am succinct in my response:
1: Crypto is no longer at the MTgox stage. It was still a relatively isolated and insular market in 2013. If something like that happens a few years down the line, affecting the core, it would be devastating with market confidence of a new and untested technology being shattered.
2: The larger bitcoin gets, the more a flaw has on the daily economics of business/personal, the MORE a temporary issue with the blockchain will impact users and cause them to lose confidence. A system handling billions of dollars a day in transactions will be affected by the smallest sneeze.
3: Its disingenuous to compare the RBL and Peso to bitcoin. Because bitcoin is inherently decentralized and trust less, this inherently assumes that faith is absolute. If that faith is shattered for any reason, without the back stop of a "trusted" centralized authority to fix the issues, what makes the average person follow crypto rather than a central bank?
1. Years from now, after bitcoin has "died" 5+ times, the market is going to react less and less to new "deaths." 2. I think it's the opposite. The more money there is in bitcoin, the more motivated we (as bitcoin holders) will all be to develop a solution and find consensus. 3. I don't have absolute faith in the current protocol. I have faith that some group of developers somewhere (if not the core devs) will provide a fix and a suitable fork for any issue. In contrast, I have much less faith that the Argentinian government won't collapse within a few decades making the peso worthless. I think we've made our positions clear on this issue. We'll have to disagree on what will happen if a crippling flaw occurs. We're getting off-topic.
Well, I dont think its off topic because it goes back to your "catastrophic event" theory. Which is an interesting theory nonetheless and merits discussion. I agree. Lets let other people chime in if they have an opinion. |
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86
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Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer
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on: November 30, 2014, 05:54:55 AM
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Lets be real. If there is a catastrophic breakdown with btc then all cryptos will be degraded for at least 3-5 years. Both the faithful followers and the layman investors will be scared to the core of their bodies. The media onslaught will be like a tsunami. By the time the smoke settles and faith/confidence restored years later, there will be a completely new set of innovations in the space that will be 3-5 years ahead of xmr.
I dont buy the catastrophe argument for one minute. If btc has a major flaw, the space will be stagnant in terms of investment for many year after. If bitcoin has a catastrophic failure, bitcoin will be patched and the blockchain will be rolled back to a safe date. It's not going to take years. However, there will be a significant shakeup of the market, including a reordering of alts. The coins that were least affected by the exploit will do better than those that were. This is technically true. I was referring to market perception. ANY major flaw in the protocol will have disastrous implications for all cryptos. While the tech savvy might understand that the issue can be managed and fixed, the public at large will have a major reason to dismiss it. Seeing as market adoption is the next hurdle to overcome, a shakeup of the scale we are talking about would set the space back for more time than you are assuming. Btc is fragile as it is, everything underneath is x10 more fragile. We can do all the T.A and tech discussion we want to, but adoption/market confidence is ~90% of future value. Currency crises happen all the time. I agree that bitcoin is very fragile, but look at what happened with MTGOX. The market shat itself, but then recovered. In the aftermath, the exchange rankings were shaken up. This is not the same as a problem with the protocol, but eventually bitcoin's going to get big enough where a temporary issue with the blockchain will play out similarly. The public at large is eventually going to hear about a bitcoin crisis and go "Oh, again? Whatever." the same way they hear about a crisis with Russian ruble or Argentinian peso. I hear what you are saying, its late on my side so forgive me if I am succinct in my response: 1: Crypto is no longer at the MTgox stage. It was still a relatively isolated and insular market in 2013. If something like that happens a few years down the line, affecting the core, it would be devastating with market confidence of a new and untested technology being shattered. 2: The larger bitcoin gets, the more a flaw has on the daily economics of business/personal, the MORE a temporary issue with the blockchain will impact users and cause them to lose confidence. A system handling billions of dollars a day in transactions will be affected by the smallest sneeze. 3: Its disingenuous to compare the RBL and Peso to bitcoin. Because bitcoin is inherently decentralized and trust less, this inherently assumes that faith is absolute. If that faith is shattered for any reason, without the back stop of a "trusted" centralized authority to fix the issues, what makes the average person follow crypto rather than a central bank? |
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87
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Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer
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on: November 30, 2014, 05:27:04 AM
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Lets be real. If there is a catastrophic breakdown with btc then all cryptos will be degraded for at least 3-5 years. Both the faithful followers and the layman investors will be scared to the core of their bodies. The media onslaught will be like a tsunami. By the time the smoke settles and faith/confidence restored years later, there will be a completely new set of innovations in the space that will be 3-5 years ahead of xmr.
I dont buy the catastrophe argument for one minute. If btc has a major flaw, the space will be stagnant in terms of investment for many year after. If bitcoin has a catastrophic failure, bitcoin will be patched and the blockchain will be rolled back to a safe date. It's not going to take years. However, there will be a significant shakeup of the market, including a reordering of alts. The coins that were least affected by the exploit will do better than those that were. This is technically true. I was referring to market perception. ANY major flaw in the protocol will have disastrous implications for all cryptos. While the tech savvy might understand that the issue can be managed and fixed, the public at large will have a major reason to dismiss it. Seeing as market adoption is the next hurdle to overcome, a shakeup of the scale we are talking about would set the space back for more time than you are assuming. Btc is fragile as it is, everything underneath is x10 more fragile. We can do all the T.A and tech discussion we want to, but adoption/market confidence is ~90% of future value. Edit: BTW, bitcoin has already experienced major flaws, including a fatal exploit where anyone's bitcoin could be spent by anyone. It was fixed.
This all happened before bitcoin came into the public consciousness. What would happen if this occurred today? I stand by my argument. If Biitcoin loses faith, there is no hedge because faith will be lost on all cryptos in the mainstream market (for some time) |
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88
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Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer
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on: November 30, 2014, 04:40:15 AM
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jehst:
I think you should do more, deeper and real research on cryptocurrency in general and the altcoin enviroment (incl. at least trying to understand technical backgrounds and how to rate the devs and community behind a coin) before trying predict chances of success of so many different coins and technologies, you talk about in your post.
You made alot very general statements, mostly without giving any reasons for your argument.
To me, it looks like you read some general altcoin news pages and some threads here and now repeated some standard arguments, you heard there. You didn't mentioned any kind of (simple) scientific instrument or methods of analysis you used during your research work (to create valid arguments and reasonings). Some stuff you wrote is ridiculous incorrect and shows you don't really know what you are talking about.
BTW, a currency lives through usage, no coin will just survive on being an "catastrophic hedge" against an BTC failure. There are other tools and ways to do that.
I think this catastrophic hedge-scenario isn't even worth discussing. (It was discussed in 100.000 threads before here on this board. Just research there.)
(No personal attack or hate, just a comment to improve level of discussion.)
Lets be real. If there is a catastrophic breakdown with btc then all cryptos will be degraded for at least 3-5 years. Both the faithful followers and the layman investors will be scared to the core of their bodies. The media onslaught will be like a tsunami. By the time the smoke settles and faith/confidence restored years later, there will be a completely new set of innovations in the space that will be 3-5 years ahead of xmr. I dont buy the catastrophe argument for one minute. If btc has a major flaw, the space will be stagnant in terms of investment for many year after. |
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89
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is Monero officially dead?
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on: November 30, 2014, 03:19:04 AM
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Monero's main contribution to Crypto was to revive and burnish the BCX Legend. of course, in your crackhead. Otherwise, no Dev Team has ever promised so much and delivered so little...
These clowns could not produce a production GUI and database in 9 months...
(And can't even be bothered to maintain current bootstrap files)...
So based on that track record betting on Monero to win the anon coin stakes is crazy. Database: https://github.com/tewinget/bitmonero/commits/blockchainEasy GUI: Mymonero.com In fact, Monero won't even win the CryptoNote race...
When SuperNET with BTCD (telepods) go live next month BBR will be integrated. Oh surprise an NXT shill.. We already heard that from Windjc - oh wait why did that guy leave BBR. As Peter Todd pointed out about Monero...
You don't build on an "atrocious" code base...
Because it will never be stable, meaning ............................................................................... ........... never...
You scrap the spaghetti code and re-write from scratch, baby, we've all made that decision. "Peter Todd @petertoddbtc Sep 4 @NINK It'll be fine in the long run. #Bitcoin's had similar problems in the past after all, e.g. the "make Bitcoins out of thin air" bug." And thats what he really said but you guys are like that BCX scambug pretty good when it comes to lying. lol. Othe, you always so mad in your posts. Its much better to be articulate than being hostile. Relax man. That being said, his posts are always 99% correct. |
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91
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
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on: November 23, 2014, 06:52:43 PM
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FTC offers nothing new, same old same old, catering only to miners and their GPU farms doesnt work anymore, the scene has changed, VTC has better chances than FTC, because of the privacy feature. Sx addresses were a neat novelty, but are absolutely useless. Stop making Vtc out to be a "privacy coin", it is simply not. Could you elaborate on how stealth adresses are not a privacy feature? What is there failing in your opinion? A privacy feature does not make a privacy focused coin. Or in other words an anonymity coin. Sx addresses are a "mild" version of privacy. All they do is potentially scrub the addresses, not more than that. As I said they are a neat novelty but useless in a coin thats not being used for transactions. Vert decided in Spring it wants to go after the mainstream market-which is the only reason to have gone with sx instead of anon. My position is that that market is going to be dominated by BTC and there will not be room for growth for other coins in the sector. Especially because NOBODY here is working on gaining merchant acceptance anymore. Everyone thinks that it will come around magically, it wont. As I said in the previous post, there has been nothing done in that area since Spring. And rightly so, its hard enough for merchants to accept BTC which is established, to think that they would accept VTC in any meaningful way is unimaginable. What should have been done (and in my opinion still should be done) is we transform VTC into an anon coin and go head to head with drk and XMR. That market is sill up for grabs. And this was the mistake of Bushido. He could have utilized the 5,000+ community, held a discussion about changing strategy, and if everyone agreed he could have utilized the resources that remain with VTC rather than starting from scratch with zerovert (which could have been huge if it was rolled out better). I understand why he did it, but again, I dont think it was the best idea. So to answer your question, sx is a privacy feature, but in a coin fighting a losing battle. VTC is not a privacy coin. Make Vtc the go to miners coin with the algo change, incorporate zerocoin into Vtc, and then we have something to be excited about. People will be encouraged to mine, and will at the same time be encouraged to use it for their "privacy" needs. It could be the second coin under BTC. Win win. If Bushido did in fact figure out to to do zerocoin, then we would be running on jetfuel because its better than ring sigs/cryptonote etc. I'm really like your idea, but due to Zerocoin itself still has performance issue and cutting-edge cryptography. So, it is hard and very risky decision to implement in Vert. So, my plan is creating a platform and ecosystem for Vert. Instead of putting everything to Vert, I will create services and make Vert as a central core like the Sidechain concept that Bitcoin wants to have altcoin around, and Bitcoin as a core. Its a reasonable position, but its has to be planned out and in terms of a firm overall strategy, and then let the people know what is going on. Make a 6month plan of what you are trying to accomplish and put it up so everyone can read it. If you want to create a Vert ecosystem, you cant do it without a Vert community to advocate for it. A lot of people still want to be part of this, but are on the sidelines because of the uncertainty in direction. |
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92
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
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on: November 23, 2014, 06:15:49 PM
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FTC offers nothing new, same old same old, catering only to miners and their GPU farms doesnt work anymore, the scene has changed, VTC has better chances than FTC, because of the privacy feature. Sx addresses were a neat novelty, but are absolutely useless. Stop making Vtc out to be a "privacy coin", it is simply not. Could you elaborate on how stealth adresses are not a privacy feature? What is there failing in your opinion? A privacy feature does not make a privacy focused coin. Or in other words an anonymity coin. Sx addresses are a "mild" version of privacy. All they do is potentially scrub the addresses, not more than that. As I said they are a neat novelty but useless in a coin thats not being used for transactions. Vert decided in Spring it wants to go after the mainstream market-which is the only reason to have gone with sx instead of anon. My position is that that market is going to be dominated by BTC and there will not be room for growth for other coins in the sector. Especially because NOBODY here is working on gaining merchant acceptance anymore. Everyone thinks that it will come around magically, it wont. As I said in the previous post, there has been nothing done in that area since Spring. And rightly so, its hard enough for merchants to accept BTC which is established, to think that they would accept VTC in any meaningful way is unimaginable. What should have been done (and in my opinion still should be done) is we transform VTC into an anon coin and go head to head with drk and XMR. That market is sill up for grabs. And this was the mistake of Bushido. He could have utilized the 5,000+ community, held a discussion about changing strategy, and if everyone agreed he could have utilized the resources that remain with VTC rather than starting from scratch with zerovert (which could have been huge if it was rolled out better). I understand why he did it, but again, I dont think it was the best idea. So to answer your question, sx is a privacy feature, but in a coin fighting a losing battle. VTC is not a privacy coin. Make Vtc the go to miners coin with the algo change, incorporate zerocoin into Vtc, and then we have something to be excited about. People will be encouraged to mine, and will at the same time be encouraged to use it for their "privacy" needs. It could be the second coin under BTC. Win win. If Bushido did in fact figure out to to do zerocoin, then we would be running on jetfuel because its better than ring sigs/cryptonote etc. |
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93
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
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on: November 23, 2014, 11:27:50 AM
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turtoro, i like your critical statements because they are realistic and show what you really think.
But i would not say that "a miner's coin" is automatically useless for merchant adoption and daily business.
Im talking about valuation which most (not all) people are concerned about. A miners coin is by default a "easy" gateway to access BTC by the common person. This will, by its very nature, have a constant downwards pressure on the value of that coin aside from the occasional pump. In terms of adoption, lets be realistic. No other mainstream coin will usurp BTC at least for the time being. If something does down the line, it will be something that is new and not out on the market yet. Anyone who says that VTC can gain adoption is naive. What evidence is there that that is even a remote possibility? What is being done on that front? nothing. There have been 2-3 major pushes in the last ~11 months and the best that could be done is coffee, hotsauce and games. The closest we came to a concerted effort on that front was Vertpay, which was a clusterfuck. And a few months later that team (who are well known in the crypto community) even said that it probably would not have worked after they did some research, there is not enough demand in the outside market. The only merchant adoption that is possible is through something like moolah or its equivalents, which is meaningless if that service allows for 10 other coins besides Vert. BTc is "mainstream" and that wont change, no coin has the resources to challenge its community, headstart and expertise, things like ethereum might/might not work, and there will be a niche for a good anon coin. Vtc droppped the ball on the last point. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
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on: November 23, 2014, 10:06:49 AM
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FTC offers nothing new, same old same old, catering only to miners and their GPU farms doesnt work anymore, the scene has changed, VTC has better chances than FTC, because of the privacy feature. Ummm, what exactly is Vtc then? Vtc is strictly a miners coin and thats it. It WILL not get merchant adoption to any levels, so sx addresses are not even useful (which were useless anyway because its "anonymity lite"), but thats what everyone decided to go for back a months ago. A half measure is meaningless. Sx addresses were a neat novelty, but are absolutely useless. Stop making Vtc out to be a "privacy coin", it is simply not. Miners coin=mine and sell. Why people are assuming an algo change is going to cause a huge spike in price is beyond me. It might stabilize at a slightly higher rate than the 0.05$ its at now, but not by much. And if it does start to go up a few percentage points, the market will be flooded by people dumping their holding trying to find an exit. Zerocoin should have been added to vert, Vert should have been made a full out anon coin, the desicion made in the Spring to not do so was the biggest mistake in Verts existence. |
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95
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: November 10, 2014, 03:00:53 PM
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Potential investor here with no skin in the game yet. Interesting debate. I have been following XMR from the early days, around the time Risto/Fluffy et al came on board.
Let me give an outsiders perspective.
All arguments for and against emission change are fascinating. Bottom line though is that interest and value have to be injected from new individuals to maintain and grow that value. Unfortunately the BTC market is in the dull-drowns at the moment, and many people (including me) are fed up with the altcoin market. The money flowing in has gone down to a trickle. Its a stagnant market at the moment. If you believe in the premise of Crypto, than this will change. Once the overall sentiment does change, you want to make sure that XMR can present a strong case as a viable alternative in the niche. That is, development has been steady and active, and fundamental principles remain un altered (ie the coin remains untouched).
Any "quick fix" will be looked at negatively in the future. My advice is maintain things as they are, continue with development, continue gaining exposure, and the market will come to you when its ready. Personally, if I felt the Crypto market was headed for a rebound next week, XMR is the first coin I would buy up today.
There is too much uncertainty today overall, but have a firm direction, implement all features, remain innovative, and when the clouds settle xmr will come out dry. Think long term instead of short term if this project is worth its weight.
minor edit
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ZeroVert - First Zerocoin Implementation | New gold standard for privacy
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on: November 07, 2014, 01:08:09 PM
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I agree, without official confirmation from the Vertcoin dev team members mentioned in the OP. Then I would be very careful before installing any closed source software released from a newbie account. You can see our team members in the website ( zerovert.org ). We don't care if you want to call us as scam coin because we don't, and we are looking ahead to improve current Zerovert in term of performance, and security. But good luck, you only live once. I'm personally not calling this a scam coin 'yet'. I'm just warning people to think very carefully before installing any closed source software released by an anonymous BTT account. The cryptocurrency scene was built up on opensource principles and foundations. The sooner you release a road map for it to become 100% opensource the better. I've been following Zerocoin development for quite some time now so am genuinely interested in this coin. Has Poramin officially confirmed that this is his project? If so do you have a link to the statement? The vertcoin community has been following this very closely. There has been verification that its him. Its legit. Its not particularly surprising if he managed to overcome issues with zerocoin. He has a connection with matthew Green, and also there was talk of implementing zerocoin in Vert back in the Spring. howeverHe has made some very bold claims about this project. Essentially doing what no one else was able to. This immediately calls for verification of his work. Poramin is a known person, but he does not have enough "capital" to make a claim like this without it being vetted. As far as im concerned, this coin is a no go until the claims are verified independently. The pre mine just makes my opinion stand stronger as does the somewhat sloppy roll out, lack of communication, and other things. Trust but verify. |
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