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Economy / Speculation / Re: Why The Bitcoin Price Dropped Today
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on: September 19, 2014, 10:34:59 AM
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You could write that exact same article about anything. Price of X went down because people dumped to buy product Y, and gold always goes up when the market sucks.
I'm not even trolling, but like, that article is pure speculation. At least one quote from a trader with big money would lend credibility to that awesome piece of journalism.
Do you really think a bunch of 25 year old atheist kids on twitter, that got lucky because they mined blackcoin early, are invested in real stocks? They'd get eaten alive in a regulated market. These guys manipulate markets of 20k USD upheld value by instamining, pumping, then fudding after they dump. Put these kids in a regulated market, with stocks worth millions, and watch how fast they run back to selling 'crypto pump tips' for 1 btc.
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139
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MID]MidasCoin|New Scrypt PoM|Backed Value|ATM card|Referral|NO IPO|UNIQUE
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on: September 02, 2014, 09:28:55 AM
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Impossible to Instamine in the beginning. Minable only through the PoM official pool Midaspool.com. Solo mining is voluntary contribution to network stability and will not produce any rewards (except our gratitude) Well, this very far from a true decentralized cryptocurrency. If I wanted a centralized system, I'm sticking to the banks which already do a pretty good job. Coins backed by REAL GOLD held in a gold reserve with a minimum guaranteed daily increment Hmmm Good luck to anyone whos mining this! Banks don't do a good job, remember what happened in 2008/2009?
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