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661  Other / Beginners & Help / Re: Get the chance to win 0.05 BTC by filling out a short survey! on: July 17, 2014, 05:50:37 PM
Why do you need an e-mail address, why not only a Bitcoin address?
It seems fishy :/

While it is very easy to make both a new Bitcoin address and a new email address, it is certainly more difficult to create a new email address than a new Bitcoin address. Since email addresses cannot be created as easily, we have decided that participants should be entered into the drawing via email. After the survey has ended, the two winners will each be sent an email requesting that they provide an address for their winnings to be sent to.


There's still several surveys left, don't miss out on the chance to win some free Bitcoin! Thanks a ton to everyone who has participated so far, best of luck!

That makes sense, thanks for your answer.
662  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PND]Pandacoin | August 30th - Rethinking Digital Currencies | Digital Currency for the Masses on: July 17, 2014, 05:50:24 PM
Very difficult choice for me right now...

Invest my current money in buying PND from the exchange or buying more mining equipment. Huh

It almost always makes more sense to buy the coins if you think the value will go up, rather than mine.

Mining is fun if you want to protect a coin's network, but it seems a bit silly to invest in mining hardware to get a PoS coin.
663  Economy / Service Discussion / Re: GAW Miners (Scrypt ASIC seller) independent feedback thread on: July 17, 2014, 05:15:38 PM
seriously, don't buy this thing.

my BW does about $6 a day, this thing is 10% of that. so about 0.60 a day... it'll take 83 days to ROI at current difficultly IF the diff stays the same.

they might as well give them out for free, cause they are worthless

Shipping costs made it not worthwhile, but at 50$ this would have been a good deal.
It might do $6 a day, but if you're confident that a scrypt coin could be worth more in the future, and if you have cheap electricity, it doesn't seem unlikely to reach positive ROI. Even more so if the big 500Mh/s+ miners end up shipping late, which is quite likely.

Of course, in that case it's still more profitable to simply buy and hold the coins, but mining still is a fun hobby.
664  Alternate cryptocurrencies / Altcoin Discussion / Re: ALTCOIN of the FUTURE!! on: July 17, 2014, 04:47:05 PM

The main purpose of cryptocurrency is to have a money where you don't have to trust any central authority.

Backing them by anything else than cryptography seem counter-productive.
665  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available on: July 17, 2014, 04:45:42 PM
When do you think the next really big price rise will be?

Large % moves are easy, the recent move from ~32 to 48 was a full 50% which is really quite good.
An actual Rally back to 100/200/300 is uncertain, but it sure would be exciting.  Smiley

Today's rally from 36 to 42 was quite nice too Smiley

Yes  Smiley
I didn't notice right away, then I did, but Cryptsy has a "maintenance notice" and cannot log back in.
Hopefully, they will be back up and working soon.


That's weird, it's been working right for me. Might explain why the volume is relatively low.

Good luck on being able to log back in soon.
666  Economy / Service Discussion / Re: GAW Miners (Scrypt ASIC seller) independent feedback thread on: July 17, 2014, 04:43:55 PM
The 50$ Fury is back on Oneminer... but with 100$ international shipping?!
It's a shame Sad

Perhaps it's more reasonable for someone in the United States: http://oneminer.com/products/1-3-mh-s-the-fury-by-gaw-miners-asic-scrypt-miner

Edit: Shipping cost is now lowered to 20$. That's quite better.
667  Economy / Services / Re: [PrimeDice] [Highest Paid Signature] Earn Bitcoins Simply By Posting on: July 17, 2014, 04:31:06 PM
im going to be a Senior Member in 5 days. will i get paid as a Senior Member or will it be full member since i will be a full member for 1st 5 days of new sig month





thanks in advance for any answers

You will be paid on August 17th as a senior member if you change to the right signature Smiley
668  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available on: July 17, 2014, 04:30:34 PM
When do you think the next really big price rise will be?

Large % moves are easy, the recent move from ~32 to 48 was a full 50% which is really quite good.
An actual Rally back to 100/200/300 is uncertain, but it sure would be exciting.  Smiley

Today's rally from 36 to 42 was quite nice too Smiley
669  Other / Beginners & Help / Re: any way to get a couple mBTC for free? on: July 17, 2014, 04:29:14 PM
I don't know how much that gives, but you can get free coins by opening a blockchain.info wallet and sharing it on twitter. There's a publicity about that on the wallet's page.

I don't think it's that much otherwise it would be exploited rather easily.

Indeed. But it does require the user to post a tweet, so that gives Blockchain.info publicity wether the account is legit or not.
670  Other / Beginners & Help / Re: what is the best online wallet for my spending money on: July 17, 2014, 04:28:00 PM
You can't go wrong with Blockchain,info they don't have access to your wallet or private keys. you just have to keep your computer secure which is easier said than done.

And also be wary of phishing attacks. Many have been done in the past with Blockchain.info, and I recall one that even appeared on the first link while searching for Blockchain on google.
671  Other / Beginners & Help / Re: Why does losing ~10,000 satoshis feel so bad? on: July 17, 2014, 04:25:27 PM
I get this feeling too. I know faucets give out nothing, but I can't help doing them.

But what makes you do it? I'm curious about this.

Is it because you believe that a Bitcoin will be worth an absurd amount of money in the future? Or is it simply that it provides you a distraction while giving you the impression of doing something productive?
672  Other / Beginners & Help / Re: Get the chance to win 0.05 BTC by filling out a short survey! on: July 17, 2014, 04:23:52 PM
I tried but lost interest in between, it's too big, I'd rather you pay me some money upfront to take the survey.

It barely took 5 minutes Tongue
Paying internet strangers upfront for the promise that they'll fill a survey doesn't seem like a good strategy.
673  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available on: July 17, 2014, 04:21:56 PM
i think that time to add proof of stake has come for doge

With the recent vrc mintpal fiasco I think this is the worst time to ever think about such thing.

Apparently it was a security hole in mintpal and had nothing to do with POS. although there are alot of thoughts on POS security holes which I am not qualified to make a decision on.


The problems is when somebody can get 51% of the coins , in theory.
But also in theory it has been proven that an attack could be run with far less than 51% coins.

In the February runs cryptsy had also a huge volume of dogecoins and you never know....


Are you saying someone could try to roll back the chain to a point where they held 51% ? I don't think thats possible.

An attack on PoS would need 51% of all coins only if everyone was stacking all their coins, and none had been loss.
If 50% of the coins are being staked, then 25% of the total coin supply would be needed to attack.
674  Alternate cryptocurrencies / Altcoin Discussion / Re: What happening with DOGE? on: July 17, 2014, 03:45:33 PM
Is it currently 5% a year? That would mean an extra 5 billion DOGE's a year once its reached 100 billion.

Yes it is. It will still be lower than Bitcoin and Litecoin's inflation for the next few years though.
675  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][BLACK DOGECOIN][BDC] very LAUNCH SATUDAY 6:00 PM GMT ! on: July 17, 2014, 03:43:54 PM
I may be wrong but i'm pretty sure dogecoin will have a problem with your choice of name and similarities of the dog in the picture.

There should not be any problem, if it has the same fate that Shibecoin had Wink
676  Alternate cryptocurrencies / Altcoin Discussion / Re: ALTCOIN of the FUTURE!! on: July 17, 2014, 03:40:07 PM
Imho, it will be:

- Bitcoin because of the first-mover advantage.
- Dogecoin because of its big community and its high transaction volume.
- Peercoin because it's a PoS coin (thus an hedge against PoW's problem) which has a good distribution.

I also think a few other cryptos will survive by filling niches in community which can benefit from cryptos.
677  Alternate cryptocurrencies / Altcoin Discussion / Re: What happening with DOGE? on: July 17, 2014, 03:38:15 PM
Was there discussion about lowering the inflation rate? Has anything been decided about it yet?

I believe that PoS would solve the inflation problem. If the inflation is equal to the interest that every user would get, then I don't think there's any good reason to lower it.
678  Other / Beginners & Help / Re: Ecological problem on: July 17, 2014, 03:36:25 PM
Hello everyone! I'm trying to learn more about BTC and as I understand, it constantly needs an energy for mining, which sounds not so much ecologically. It's getting popular, so more miners - more energy, right? Is there any ways to reduce this harmful effect? Or maybe create an eco-friendly version of BTC?

If you find that it is a significant problem, there are alternatives you can use.

Read about Proof-of-stake. It's an algorithm which does not require mining, and many coins ie. Peercoin use it.
679  Other / Beginners & Help / Re: Get the chance to win 0.05 BTC by filling out a short survey! on: July 17, 2014, 03:31:23 PM
Why do you need an e-mail address, why not only a Bitcoin address?
It seems fishy :/
680  Other / Beginners & Help / Re: what is the best online wallet for my spending money on: July 17, 2014, 03:23:52 PM
https://blockchain.info/en/wallet

This is probably the most realiable option.

Indeed, that's because Blockchain.info doesn't control your wallet. That's not the case if you were to make one on Coinbase.
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