Bitcoin Forum
June 24, 2019, 12:44:09 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 [23] 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 ... 77 »
441  Alternate cryptocurrencies / Altcoin Discussion / Re: LTCPPT - Litecoin Pirate Pass Through on: August 08, 2012, 08:28:42 PM
Would it be possible to send you an amount in bitcoin and have you reinvest the litecoin interest?

Reinvest the litecoin interest in what? Are you saying you don't want me to pay you the Litecoin interest and instead compound the btc deposit? In that case, you wouldn't get any litecoins. So mind as well invest with bitcoinmax.

I was asking if it would be possible to compound the interest on the litecoins into more litecoins and have you manage it. Say I don't want them and only want to send you bitcoins and have you manage it. Then 6 months or a year from now, presto litecoins now have value to me and are worth something and I suddenly care about them again and want to withdraw them all. I think I may not be understanding how and in what *coin the payments/passthrough works.

Is it my understanding that bitcoins go in, and litecoins come out, right? So at whatever rate you had intended to "pay them out" is it possible to reinvest that interest payment back in the principle automagically? Or is it not possible because there exists no current method to do this. I thought possibly you were offering a vehicle to do this; your personal litecoin management and accounting skills.

I think I expect too much. The principal appears to be BTC, the interest appears to be LTC, and the vehicle is exactly that and nothing more. Is this correct?

Correct, I am using Pirate to turn bitcoins into more bitcoins. I currently have no way to turn litecoins into more litecoins. So reinvesting litecoins with me does not work. You can have the bitcoins compounded and then when you want to withdraw, you can exchange them all for litecoins. But then you don't need LTCPPT for that. If you want, I can hold the litecoins interest for you until you want them. But of course, those litecoins won't be generating anything every week.
442  Alternate cryptocurrencies / Altcoin Discussion / Re: LTCPPT - Litecoin Pirate Pass Through on: August 08, 2012, 07:19:24 PM
Would it be possible to send you an amount in bitcoin and have you reinvest the litecoin interest?

Reinvest the litecoin interest in what? Are you saying you don't want me to pay you the Litecoin interest and instead compound the btc deposit? In that case, you wouldn't get any litecoins. So mind as well invest with bitcoinmax.
443  Alternate cryptocurrencies / Altcoin Discussion / Re: LTCPPT - Litecoin Pirate Pass Through on: August 08, 2012, 06:48:41 PM
It's quite a risky idea if you don't know whether it's a Ponzi or not. I have lost 50 Bitcoins to Bitcoinica, and I'm not sure that as lead developer of ltc you should take on a high risk like that. People trust you and if you mess this one up, or if Pirate does, people will be mad at you anyway. It won't help you then that you told them "at your own risk only" when you ask people to trust you because you are convinced Pirate is not a Ponzi. It's a crazy, greedy idea and you could significantly hurt the entire Ltc project because of the connection between Ltc and your name and reputation. Personally, I want Ltc to be a success. Not sure what you're doing is the way to achieve that.

I'm doing this because I think this is a good way for people to accumulate Litecoins. And this will help the price. Of course there is a risk with Pirate. I think I'm pretty clear about that. If Pirate does default and LTCPPT does blow up, people might be mad at me. But it's not going to hurt the Litecoin project.
444  Alternate cryptocurrencies / Altcoin Discussion / Re: LTCPPT - Litecoin Pirate Pass Through on: August 08, 2012, 08:52:17 AM
With the new Pirate accounts, I will only be able to get 5% a week instead of 7% per week. So instead of changing my passthrough to return 4.5% a week, I am thinking of using another passthrough to get 6.8% or 6.9%. And I can keep LTCPPT at 6.5% payout. The downside is that there's now another person you have to trust. I will likely go with Chaang Noi's passthrough. I have had many business dealings with Chaang and I trust him. Here's his profile: https://bitcointalk.org/index.php?action=profile;u=44233

I will be PM'ing the current depositors to make sure they are ok with this change. If you are not, I can return your deposit. This change will happen on Monday and will not affect this week's interest.
Don't you have enought volume to get 7%? I was going to invest 100 Bitcoins but I am not confident with another person in the chain.

Unfortunately, with the new interest rates, not even close:

Quote
Current Weekly Interest Rates 3
5,000+ BTC 5%
15,000+ BTC 6%
25,000+ BTC 7%
445  Alternate cryptocurrencies / Altcoin Discussion / Re: LTCPPT - Litecoin Pirate Pass Through on: August 08, 2012, 05:05:54 AM
With the new Pirate accounts, I will only be able to get 5% a week instead of 7% per week. So instead of changing my passthrough to return 4.5% a week, I am thinking of using another passthrough to get 6.8% or 6.9%. And I can keep LTCPPT at 6.5% payout. The downside is that there's now another person you have to trust. I will likely go with Chaang Noi's passthrough. I have had many business dealings with Chaang and I trust him. Here's his profile: https://bitcointalk.org/index.php?action=profile;u=44233

I will be PM'ing the current depositors to make sure they are ok with this change. If you are not, I can return your deposit. This change will happen on Monday and will not affect this week's interest.
446  Alternate cryptocurrencies / Altcoin Discussion / Re: LTCPPT - Litecoin Pirate Pass Through on: August 06, 2012, 05:49:33 PM
Payments are going out right now. Thanks.
447  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANNOUNCE] New alternate cryptocurrency - Geist Geld on: August 06, 2012, 05:12:42 PM
Well lets just say GeistGeld is the last on the list of coins to merged mine, not worth looking into until you already have bitcoin, namecoin, devcoin, groupcoin, ixcoin and i0coin all humming along nicely...

-MarkM-


..and was the first (and only) one to throw out when I was experimenting with merge mining. For problems where I suspect the super-high blockrate of GG was negatively influencing all other chains, Bitcoin included.

Strange to see Lolcust vanished, though..

However it turns out to be: More Coins for you! :-)

Ente

I think Lolcust is still active on this board. He probably just stopped using his Lolcust account.
448  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: August 06, 2012, 03:24:37 AM
We now have an official litecoin forum: http://forum.litecoin.net/
I'm hoping the new forum will be a more productive place to discuss everything related to Litecoin. Trolling will be kept at a minimum.
If you haven't already, please go register and use the same username if possible.
449  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Official Litecoin shared domain litecoin.net on: August 04, 2012, 09:47:10 PM
I decided to go with Greedi's forum as the official litecoin forum. Here's the link: http://forum.litecoin.net/
450  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin port of Bitaddress.org? on: August 02, 2012, 09:18:58 PM
Would this be easy for someone to do? I really want it! Grin

Sure thing: http://address.litecoin.net/
Thanks goes to Greedi for putting it together.
451  Alternate cryptocurrencies / Altcoin Discussion / Re: BitcoinExpress = DANNY MADDOX = MicroCashMike on: August 02, 2012, 07:51:05 AM
BitcoinEXpress, I'm extremely disappointed that you have misled me about the DannyMaddox user. And that you created MicroCashMike to make it seem like a RealSolid sockie and attacked me with that account to get a reaction from me.

Please leave me out of your spat with bitlane. Thanks.
452  Alternate cryptocurrencies / Altcoin Discussion / Re: Poll - Should Proof of Stake be implemented in Litecoin? on: August 02, 2012, 12:07:52 AM


Coblee has already answered you. Obviously because you aren't getting the answer you WANT you keep asking for an answer.

Just STFU.

MicroCash has its own forum to wipe your ass on.

This is the alt currency forum, Microcash is a part of it. Coblee has not answered the question of why he didn't tell people that BCEX had PM'd that it was all a hoax very early on. What his reason behind that?

It's a fair question.

Mike

I thought I already answered this question. Here, let me try again.

I normally don't expose someone's private messages without getting permission from them first. And she did not come out and say that it was a hoax and that she wasn't going to do anything. What she said was: "Geez, don't sweat it, I'm not going to hit it hard enough to hurt it." I still don't understand what that means. Was she going to do a 51% attack but not do a double spend so that "it's not hard enough to hurt it." I sent her a few PMs to ask for clarification, but she did not respond to them. So I had to assume the threat was real, and the PM was just BCX trying to manipulate me. Or maybe she was smart enough to give herself a way out if the attack fails. Who knows. And at that point in time, some of the Litecoin pools were getting DDoS'd. So if it wasn't BCX, someone else might be launching a 51% attack.

So I had to act assuming the threat was real. And that's why I started a channel on IRC to discuss possible ways to defend this attack. And also why I checkpointed the block in the middle of the attack. I spent a lot of time trying to defend against this attack. I definitely did not collude with BCX. I've asked BCX to meet in person so that I can know once and for all who he/she is, but so far she has not responded to that PM. I have a feeling she won't.

I hope I have answered your questions.

Fair enough for the time being.

I still think you should have warned the community and prevented a panic sell, then mounted your defense against a 51% attack. So in effect are you supporting the contention this was designed to protect Litecoin in some sort of twisted BCEX way?

Mike

I guess that's why they say hindsight is 20/20. If you ask me now, I would tell you yeah I should have just told everyone it was a hoax. Not sure if it would have prevented a panic though. Since BCX would just come out and say that the PM was a lie and that I fell for it.

There's also a small possibility that BCX sent me that PM to give herself a way out. Think about it. If you (if you were BCX) knew that you might not be able to actually get enough hashrate to successfully attack Litecoin, the smartest thing to do is to PM me and tell me that it was a bluff beforehand. If the attack fails, then you can claim that it was all a hoax and that I knew about it all along.

453  Alternate cryptocurrencies / Altcoin Discussion / Re: Poll - Should Proof of Stake be implemented in Litecoin? on: August 01, 2012, 11:37:02 PM


Coblee has already answered you. Obviously because you aren't getting the answer you WANT you keep asking for an answer.

Just STFU.

MicroCash has its own forum to wipe your ass on.

This is the alt currency forum, Microcash is a part of it. Coblee has not answered the question of why he didn't tell people that BCEX had PM'd that it was all a hoax very early on. What his reason behind that?

It's a fair question.

Mike

I thought I already answered this question. Here, let me try again.

I normally don't expose someone's private messages without getting permission from them first. And she did not come out and say that it was a hoax and that she wasn't going to do anything. What she said was: "Geez, don't sweat it, I'm not going to hit it hard enough to hurt it." I still don't understand what that means. Was she going to do a 51% attack but not do a double spend so that "it's not hard enough to hurt it." I sent her a few PMs to ask for clarification, but she did not respond to them. So I had to assume the threat was real, and the PM was just BCX trying to manipulate me. Or maybe she was smart enough to give herself a way out if the attack fails. Who knows. And at that point in time, some of the Litecoin pools were getting DDoS'd. So if it wasn't BCX, someone else might be launching a 51% attack.

So I had to act assuming the threat was real. And that's why I started a channel on IRC to discuss possible ways to defend this attack. And also why I checkpointed the block in the middle of the attack. I spent a lot of time trying to defend against this attack. I definitely did not collude with BCX. I've asked BCX to meet in person so that I can know once and for all who he/she is, but so far she has not responded to that PM. I have a feeling she won't.

I hope I have answered your questions.
454  Alternate cryptocurrencies / Altcoin Discussion / Re: BTC-e is hacked? Edit: Get your coins off BTC-e NOW on: August 01, 2012, 10:43:21 PM


If I were to create a sockpuppet, I'd probably choose something like yourmama1234 instead of Litecoin. :p
I've asked the user Litecoin to change his username so it's not as confusing, but he seems to be very fond of that name.

Fair answer on the Litecoin user name, I believe you.

Can you now comment on why you participated in the 51% attack hoax for four days, even going so far as to arrange a private IRC channel to mount a defense?

Mike,

I already responded: https://bitcointalk.org/index.php?topic=96186.msg1060442#msg1060442


That's not a response to the direct question of why did you fake a protection meeting in private IRC?
Please explain how this doesn't undermine your credibility by colluding with BCEX?

Seems you're extremely anxious to pass this off solely on BCEX without standing up and admitting your part.

Did you or did you not actively participate in deceiving the LTC community at large?

Mike

I did not actively deceive the community. I already said I was not sure if it was a hoax or not.
We had a private meeting on IRC to discuss various ways to protect from the possible 51% attack. In the end I decided to just do the checkpoint in the middle of the BCX attack to derail her attack, if there was indeed one.
I'm not going to respond to any more of your FUD, RealSolid.
455  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitparking Litecoin Exchange on: August 01, 2012, 10:35:35 PM
From what I gather you're nothing more than nuisance here on this forum, that seems to be the consensus.

It's Michael Westin with an "i"...

I guess I'm being called out on my avatar by someone that uses an avatar representative of themselves?

Mike

CoinHunter (aka RealSolid) uses a Brad Pitt avatar on the forums. It's hard to not think you are a sockie when you are a newbie with a username like MicroCashMike and a Brad Pitt avatar.
456  Alternate cryptocurrencies / Altcoin Discussion / Re: BTC-e is hacked? Edit: Get your coins off BTC-e NOW on: August 01, 2012, 10:29:53 PM


If I were to create a sockpuppet, I'd probably choose something like yourmama1234 instead of Litecoin. :p
I've asked the user Litecoin to change his username so it's not as confusing, but he seems to be very fond of that name.

Fair answer on the Litecoin user name, I believe you.

Can you now comment on why you participated in the 51% attack hoax for four days, even going so far as to arrange a private IRC channel to mount a defense?

Mike,

I already responded: https://bitcointalk.org/index.php?topic=96186.msg1060442#msg1060442
457  Alternate cryptocurrencies / Altcoin Discussion / Re: Poll - Should Proof of Stake be implemented in Litecoin? on: August 01, 2012, 10:25:09 PM
It's great to see LTC wanting to evolve beyond the limitations that effect major adoption by the larger financial community. Coblee should contact Realsolid  as Solidcoin was out in front of the very issue by a distance.


Mike

Thanks for your awesome advice, CoinHunter.


I'm not Coinhunter, Charles.

My name is Michael Westin, from New York City but temporarily live in LA. I've been a long time lurker but never posted till I registered yesterday and was whitelisted after moderators looked at my profile and info. I am also an LTC miner that happens to be pissed about your market manipulation scheme with BTC-e and BCEX. You knew a head of time and admitted you knew as of 8:00 am on Tuesday July 24th, less than 8 hours after BCEX posted his "attack" plans. This was market manipulation and I would love to hear your take on it.

Can you tell us why you didn't inform us for over four days you knew the attack was a hoax? You went through the charade of planning a defense in private IRC? What's up with that?

Mike

I've already posted my take and I assume you've read it: https://bitcointalk.org/index.php?topic=96186.msg1060442#msg1060442
So should I have told everyone that it was a bluff? Would you then call me irresponsible if BCX did indeed pull off a 51% attack because we were not ready?
What would you have done MicroCashMike?

I assume you hangout in #microcash, right? What's your username?
458  Alternate cryptocurrencies / Altcoin Discussion / Re: BTC-e is hacked? Edit: Get your coins off BTC-e NOW on: August 01, 2012, 09:49:48 PM
Your info is not correct. 1.7 million USD is not millions.

This is simply splittin' hairs


And "Get your coins off BTC-e NOW" doesn't sound good at all.
Any sane person would.



Great example to other exchanges!

You must be referring to the recent partnership between BTC-e, Coblee and BCEX, right?
They all knew ahead of time the 51% attack was a hoax.

Mike



Splitting hairs or not. Don't make things bigger than they are.

It has got nothing to with insanity. To many people, including me, BTC-e is one of the best sites with great volumes and alt-currencies. Its been very profitable. And I am willing to take the risk with many others.

I'm referring to sites like Bitcoinica.

They all knew? So what? I know things too, that does't mean I'm going to sing like a bird. Did your mother not tell you that speech is silver, silence is gold?
Coblee was not sure what to think of that. Created a checkpoint.

And Dear Forum Members,

I have nothing to do with Litecoin.
It's confusing to some users when I post something and it might look like I am the official Litecoin spokesperson.
Thats not true, I'm just another investor.

Good luck proving that you are not coblee's sockpuppet. I believe you, but clearly many members of this forum won't.

If I were to create a sockpuppet, I'd probably choose something like yourmama1234 instead of Litecoin. :p
I've asked the user Litecoin to change his username so it's not as confusing, but he seems to be very fond of that name.
459  Alternate cryptocurrencies / Altcoin Discussion / Re: Poll - Should Proof of Stake be implemented in Litecoin? on: August 01, 2012, 08:19:27 PM
It's great to see LTC wanting to evolve beyond the limitations that effect major adoption by the larger financial community. Coblee should contact Realsolid  as Solidcoin was out in front of the very issue by a distance.


Mike

Thanks for your awesome advice, CoinHunter.
460  Alternate cryptocurrencies / Altcoin Discussion / Re: Battle of the Altcoins: LITECOIN vs SOLIDCOIN (bet on which will succeed) on: August 01, 2012, 04:02:17 AM
This is silly. We don't even know the economics of Microcash. How can we know which will be valued more in 6 months?

What if RealSolid decided that the total number of MC will be capped at 3 million? Since Litecoins will have 84 million coins, Microcash could have a market cap 1/10 the size of Litecoin and still be priced higher than Litecoin. Or what if RealSolid decided to premine a billion MC? Then chances are MC will be less than half the price of LTC. Without this kind of information, it would be stupid to take a bet on either side.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 [23] 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 ... 77 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!