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1  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: January 08, 2014, 08:52:25 PM
Add COINYE coin

I doubt they will. Their hosting provider, Digitalocean, is based in the United States. The cease and desist letter makes it clear that the KW legal team will pursue action against those supporting the purported infringement. The defense could make the case that by even accepting donations, coinmarketcap.com could potentially profit by providing such information. It's a headache I sure wouldn't want if I'm running a humble site like coinmarketcap.com.


http://online.wsj.com/public/resources/documents/20140107-WSJ-coinye.pdf
2  Alternate cryptocurrencies / Altcoin Discussion / Re: SexCoin Ideas on: January 07, 2014, 01:59:03 AM

It's true that there is little absolute need for an alt coin in this situation (as in most situations). However, the adult entertainment industry is known to appreciate novelty. SexCoin provides this, if nothing else. It integrates well into the fantasy; fantasy is wrapped into every aspect of adult entertainment.

Why can't Bitcoin be a novelty? Bitcoin can be sexcoin and drugscoin and whatever else you want it to be.

Bitcoin is far too slow, a transfer can take an hour or three. I really think it reigns at the top due to name recognition and hype alone, not usability. Litecoin is far more practical. When I need to transfer bitcoins between one exchange and another, I always first convert to litecoin - 3 - 5 minute wait instead of a few hours.

But to address novelty - Bitcoin cannot provide the same level novelty for the same reason that a sex toy may be called "The John Holmes" rather than "The John Doe". Most people do not want to buy the John Doe. Also, as Bitcoins become more normalized, people will come to realize it as actual money spent. Take for example a casino. One of the reasons they have you convert your money into tokens before you gamble is that people will spend tokens more freely than cash, even though it has the same value.



Did you wonder at least a minute why your transactions via BTC took 3 hours and with LTC 5 minutes?
The block time is different by a magnitude of minutes not hours.

Pay a decent fee and your transaction will be processed in minutes via BTC.
Also I would love to see how long it will take for any crytos to verify transactions once they have the same amount of daily transactions as the BTC network.



Yeah, people seem attack Bitcoin about how long it takes, but I've had no problems. Just pay the fee.

Hmm, I always pay normal fees, but the lag for bitcoin transfers is always profound compared to litecoin. These are transfers between various exchanges where the fee isn't modifiable. It has been enough of a crapshoot with Bitcoin that I do not know what to expect, so I just convert to litecoin. If I didn't need the funds to be available in a different exchange quickly, the delay wouldn't be an issue.
3  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: January 06, 2014, 05:39:06 AM

This site can provide some idea of virtual currency activity, but cannot be relied upon. One example is http://coinmarketcap.com/asc_30.html, Just take a look. At no point did ASC crash and then rebound. Coinmarketcap makes it appear that the coin is increasing in value, when in fact it has done nothing but gradually decline for a few days.

Glitches like this (along with so many others) make this site a very unreliable source of information. All data really should be confirmed on the exchange; often an exchange will show the true story.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AsicCoin (ASC) | SHA256 - The coin for ASIC Mining! | No Premine on: January 06, 2014, 02:57:08 AM
Quote
edit: to be fair though, I spent an afternoon in 2010 reading about bitcoin, only to dismiss it. (I didn't quite get it, I thought it would be an online cash for silly things like Second Life real-estate or Farmville trinkets. )

Quoting my own post - this is funny now, because today Zynga just announced that they'll be accepting Bitcoin for Farmville 2, etc...
http://www.bloomberg.com/news/2014-01-05/bitcoin-tops-1-000-again-on-adoption-by-zynga-amid-wider-usage.html
5  Alternate cryptocurrencies / Altcoin Discussion / Re: SexCoin Ideas on: January 05, 2014, 08:49:08 PM

It's true that there is little absolute need for an alt coin in this situation (as in most situations). However, the adult entertainment industry is known to appreciate novelty. SexCoin provides this, if nothing else. It integrates well into the fantasy; fantasy is wrapped into every aspect of adult entertainment.

Why can't Bitcoin be a novelty? Bitcoin can be sexcoin and drugscoin and whatever else you want it to be.

Bitcoin is far too slow, a transfer can take an hour or three. I really think it reigns at the top due to name recognition and hype alone, not usability. Litecoin is far more practical. When I need to transfer bitcoins between one exchange and another, I always first convert to litecoin - 3 - 5 minute wait instead of a few hours.

But to address novelty - Bitcoin cannot provide the same level novelty for the same reason that a sex toy may be called "The John Holmes" rather than "The John Doe". Most people do not want to buy the John Doe. Also, as Bitcoins become more normalized, people will come to realize it as actual money spent. Take for example a casino. One of the reasons they have you convert your money into tokens before you gamble is that people will spend tokens more freely than cash, even though it has the same value.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AsicCoin (ASC) | SHA256 - The coin for ASIC Mining! | No Premine on: January 04, 2014, 10:51:22 PM
I've been seeing large buying the last few days. The amount there were bought are in the 15,000 LTC range or more.
Yesterday and today the price has been pushed down so the "buyers" can grab more from panic sells.

Whoever is buying up all this stuff is pushing the price up and down with 100% control.
Fun to watch.

I will be sitting here waiting. It looks like a long term accumulation.
The one thing I noticed about ASIC coin is that it has very little resistance to 5x increase
than the other LTC pairs that are doing decent volume. And ASIC is still #1 of those.

And only about 1.5 million per day are new coins. So let say 75% of those are dumped daily
then that is only 150 LTC per day on a coin that is doing 3000-8000 LTC volume. Drop in the bucket.

Watching.. waiting... guess it will be awhile till they buy it all. I wonder what it's like to buy over 50%
of a whole coin. $350k could do it here. I'm sure this isn't the first time it's happened .. heh.

Actually that $350k and the 15,000 LTC of buying match up.. hmm.

You never know. I watched $70 in Sexcoin increase in value to $2250 in 48 hours, at which point I did not sell, only to see it fall by 90% within the following 48 hours, never to recover. Learning from this possibility, I had a 100% gain in netcoin, sold, and then watched it go up another 100% (it has fallen since). I sold ASC at the top of the most recent bubble.

Yesterday, I while filling my petrol tank, I imagined paying in Asiccoin, and I genuinely laughed out loud at the absurdity of the thought.

edit: to be fair though, I spent an afternoon in 2010 reading about bitcoin, only to dismiss it. (I didn't quite get it, I thought it would be an online cash for silly things like Second Life real-estate or Farmville trinkets. )
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AsicCoin (ASC) | SHA256 - The coin for ASIC Mining! | No Premine on: January 04, 2014, 10:25:22 PM
Quote

Just broke a million (again)

375300237 ASC * 0.00012250 ASC/LTC * 23.5798 USD/LTC = 1,084,064.30473 USD

Oh, and just noticed ASC is now listed here: http://coinmarketcap.com/ CheesyCheesy


I think that now is a good time to again remind us all that use of the term "market cap" (as in "market capitalization", or capitalized value of the market) is inappropriate for coins. The term implies that, in the above example, 1,084,064 USD of value exists in that coin, or that this sum of money has flowed into the coin. This thinking is inherently flawed. Quite simply, this is that value of all coins if everyone were able to sell their coins at the current market rate. This assumes that the value would not fall during such a sell off. Sites like coinmarketcap.com simply take the going rate for the coin and multiply it by the total in circulation. I think it is important that people understand this - ~9 billion USD (or equivalent) has not flowed into Bitcoin per se, only a fraction thereof.

Sonya


Market caps have always the same problem, doesn't matter which financial instrument you are talking about.
http://en.wikipedia.org/wiki/Market_capitalization

Well, nonetheless, currencies do not have "market caps". Your wikipedia link states that "Market capitalization (or market cap) is the total value of the issued shares of a publicly traded company."
http://www.businessweek.com/articles/2013-12-05/bitcoins-volatility-problem-why-todays-sell-off-wont-be-the-last
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AsicCoin (ASC) | SHA256 - The coin for ASIC Mining! | No Premine on: January 02, 2014, 10:37:45 AM
Quote

Just broke a million (again)

375300237 ASC * 0.00012250 ASC/LTC * 23.5798 USD/LTC = 1,084,064.30473 USD

Oh, and just noticed ASC is now listed here: http://coinmarketcap.com/ CheesyCheesy


I think that now is a good time to again remind us all that use of the term "market cap" (as in "market capitalization", or capitalized value of the market) is inappropriate for coins. The term implies that, in the above example, 1,084,064 USD of value exists in that coin, or that this sum of money has flowed into the coin. This thinking is inherently flawed. Quite simply, this is that value of all coins if everyone were able to sell their coins at the current market rate. This assumes that the value would not fall during such a sell off. Sites like coinmarketcap.com simply take the going rate for the coin and multiply it by the total in circulation. I think it is important that people understand this - ~9 billion USD (or equivalent) has not flowed into Bitcoin per se, only a fraction thereof.

Sonya
9  Alternate cryptocurrencies / Altcoin Discussion / Re: SexCoin Ideas on: December 31, 2013, 10:17:04 AM

It's true that there is little absolute need for an alt coin in this situation (as in most situations). However, the adult entertainment industry is known to appreciate novelty. SexCoin provides this, if nothing else. It integrates well into the fantasy; fantasy is wrapped into every aspect of adult entertainment.
10  Alternate cryptocurrencies / Altcoin Discussion / SexCoin Ideas on: December 30, 2013, 08:49:48 AM
Hi, I'm pretty new to this - I got interested in virtual currencies primarily because of SexCoin. I believe that the coin is underperforming a bit and I'd like to open a post where we can brainstorm about some ideas to get it moving and to empower us to take action on those ideas. It seems that many of the SexCoin enthusiasts are waiting for someone else (some merchant for example) to embrace SexCoin and begin accepting it. I think that actually those of us interested in seeing the coin succeed have the power broaden awareness and acceptance.

My top recommendation is for each of us take action by offering tips to live performers. Some of the more popular sites with live performance (that I've heard of at least) include chaturbate.com, cam4.com, livejasmine.com, and nakedasiancams.com. If we start heading out to sites such as these en masse, offering the performers nominal tips in SXC, we can encourage them to acquire a SXC address and begin posting them on their profile pages. Other users of the site will then start seeing these addresses and then be exposed to SXC, and perhaps feel compelled to buy some of the coin and tip. Anonymity in transactions like this, tipping an online adult performer, is the top selling point for SXC in my mind.

I'm interested to hear some input from other users. I for one will start nudging online performers to get a SXC address and welcome SXC tips. Performers can benefit by the rapid exponential growth capability of SXC versus some of the more mainstream coins, such as BTC or LTC.

Thanks!

Sonya
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