Bitcoin Forum
May 08, 2024, 09:34:01 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  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 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 ... 137 »
821  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available on: July 07, 2014, 02:37:21 PM
Anyone have a list of ASIC friendly Dogecoin pools?

Thanks!

Simpledoge works quite well with my ASIC: http://www.simpledoge.com/

Rapidhash was cool too, but it will be closed in a week Sad
822  Alternate cryptocurrencies / Altcoin Discussion / Re: What happening with DOGE? on: July 07, 2014, 02:35:08 PM
people that are anti Doge are anti fun !

people are having FUN ! on the internet !

The only ones having fun are the early adopters who unloaded DOGE onto the later bag holders. Cheesy

And everyone who partake in the Doge community on Reddit!
823  Alternate cryptocurrencies / Altcoin Discussion / Re: DOGECOIN to switch to variant of Proof of Stake (PoS) on: July 04, 2014, 03:58:26 PM
oh man this is bad! GTFO.

There are not that many options left for Dogecoin , so its just coin survival atm.

There is one possibility where Dogecoin could survive with PoW; if Litecoin continues to crash, the Scrypt hashrate could actually maintain a good balance between both coins, even when Dogecoin will be at the block reward of 10000 dogecoins. However, even in that case, Dogecoin's value would have to go up to stay secure.

PoS seems considerably less risky.
824  Alternate cryptocurrencies / Altcoin Discussion / Re: Is there any safe haven in altcoins? on: July 04, 2014, 03:55:53 PM
Now that we have a correction in BTC - are the other alt coins also falling - or are there some going up?

It looks like LTC yesterday got a really bad melt-down - do you guys think this was a bottom?

Imho, Peercoin seems to be a good safe haven in case PoW fails because of the centralization of mining.
It is also relatively stable; its price is about the same now than it was a month ago.
825  Alternate cryptocurrencies / Altcoin Discussion / Re: DOGECOIN to switch to variant of Proof of Stake (PoS) on: July 04, 2014, 03:46:48 PM
oh man this is bad! GTFO.

Why would it be so bad if Dogecoin was to switch to PoS?
This would solve the current concerns about security.
826  Alternate cryptocurrencies / Altcoin Discussion / Re: DOGECOIN to switch to variant of Proof of Stake (PoS) on: July 04, 2014, 03:33:33 PM
Why don't you like coins with POS?
What are PoS coins back by? Nothing. Its an illusion that they are worth something. Endless new once will pop up forever because they cost nothing to create.

So like Bitcoin

Indeed. If there was a massive crash, difficulty would adjust so creating a Bitcoin would cost way less.

PoW coins are not backed by the equipment that mine them.
827  Other / Beginners & Help / Re: Some Noob question Scrypt miners on: July 04, 2014, 02:54:35 PM
Short and simple: Scrypt is the algorithm used for encryption. Bitcoin uses SHA256 for encryption, not scrypt. So, scrypt mining is nothing other then mining coins that use scrypt encryption algorithm

Not really encryption.

For example, the sha256 output of your post is:
Code:
Short and simple: Scrypt is the algorithm used for encryption. Bitcoin uses SHA256 for encryption, not scrypt. So, scrypt mining is nothing other then mining coins that use scrypt encryption algorithm
Code:
7098acd0b1a23d767097a35d6e26f129d1fe29584c64d6d0724b9e3490fd3132
.

That is absolutely  no way to "decrypt" it back to your post, because it is not an encrypted version of your post at all.

What would be the word for it, if it is not encryption?

It is hashing, or you can also call it one-way encryption. It's frequently used in password databases.
When you input a password, it is hashed with a hashing function, and the correct password isn't stored on the database: its hash is. Then it compares if the hashes are the same, if they are, you login, if they aren't you get a login error.

I see, that's a good noob-friendly way to explain it.
Thanks for your answer!
828  Other / Beginners & Help / Re: Getting paid for signature space? on: July 04, 2014, 02:52:24 PM
Its bad practice i think, i got only sites that i like, noone paying me for this. Community should be community, not pursuers (posters) for profit

Why not get the best of both worlds, and profit by advertising a business that's good for the community?
Gambling websites are an important contribution to the relevance of cryptocurrencies, since dealing with fiat on them can be quite inconveniant.

Signature ad does have bring some advantages and some disadvantages to the forum community.
IMO. the main advantage is that it allows bitcoin business (casinos, exchanges, mixers, miners, etc) to get advertised more easily; while the biggest disadvantage is that it encourages spam and pointless posts.

Yeah that's true, but most of them don't pay the pointless posts though.
829  Alternate cryptocurrencies / Altcoin Discussion / Re: Charlie Lee thinks LTC is in a bubble on: July 04, 2014, 02:51:19 PM

It maybe be behind bitcoin, but he states a lot of things are under development so it will catch up very soon in terms of infrastructure. It's also ahead every other major coin out there like PPC, xpm, etc.

He never said it's in a bubble, its a fact that every coin's price is currently determined by speculation.

How is it ahead of PPC and XPM? They both use a technology which could be considered superior to LTC.

It's only ahead in the current market-cap, which could change at any time.
830  Alternate cryptocurrencies / Altcoin Discussion / Re: What are must-have features of coins now? on: July 04, 2014, 02:48:59 PM
50% of what people say is a feature is just a distribution method. Stupid.

The whole point of digital currencies rising is on the FUTURE HOPE that they will actually be used by a large amount of people in the real world.  

Do you really think distribution will matter at that point or mining efficiency?


Many coins have become detached from this reality and as there is no point to them 99% will crash to almost nothing.



The biggest decider will be user friendliness of the currency/wallet, uptake by the masses or an internal asset market so you can hold other assets and coins.

 

The uptake by the masses you refer to requires a coin to have a fair distribution. Nobody will invest in a coin where someone has power over 40% of the coin's economy; this only gives the impression of a Ponzi scheme, where the top holder could dump anytime and make the coin crash to 5% it's value.
831  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Alt coin to invest in 2014 on: July 04, 2014, 02:46:36 PM

You don't need to invest, just mine it !

------------
monero.crypto-pool.fr - Best Monero pool - High Efficiency - No downtime - History of Payments - Support 24/7
------------

Poiting mh/s towards it rather than another coin still is a type of investment Tongue

Good luck with your Pandacoins! Wink

Haha thank you!
Pandacoins are only about 1% of my cryptos though, I mostly hold Dogecoins and Peercoins Smiley
832  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Bitcoin Fair? on: July 04, 2014, 02:43:30 PM
do u think Bitcoin culd be called fair?
~CfA~

Yes.  Bitcoin is the coin with the best distribution, where the top 100 richest addresses hold less than 20% of all the coins (and that's including Satoshi's huge stash).

http://bitinfocharts.com/bitcoin/

Most altcoins are at about 50%, although it could be argued that, since they were released in a period were considerably more people are aware of cryptocurrencies, they may in a way be more fair.
833  Alternate cryptocurrencies / Altcoin Discussion / Re: Cannabis/pot coin on: July 04, 2014, 02:40:35 PM
There's several of these cannabis coins already and none of them will go anywhere. Why would dispensaries or whatever use a cannabis coin when they can just use Bitcoin? We really don't need a coin for every niche or industry on the planet.

+1
A few of them accept Bitcoin already:
http://www.coindesk.com/washington-dispensary-now-takes-bitcoin-cannabis/
http://www.coindesk.com/colorado-marijuana-dispensary-bitcoin-evade-federal-laws/

It seems to work well for them, and I don't see why they'd take the risk in accepting a coin with such a low trade volume as the cannabis coins.
834  Alternate cryptocurrencies / Altcoin Discussion / Re: ENOUGH ALTCOINS???? DO WE NEED MORE NEW COINS???? on: July 04, 2014, 02:37:52 PM
Is there a new list of scamcoins or deadcoins?

There is a long thread which keeps track of all dead coins:

https://bitcointalk.org/index.php?topic=588413.0
835  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available on: July 04, 2014, 02:35:20 PM
1. Dogecoin is like a pool. When you buy something use dogecoin,  you are pumping water out from the pool. Because these dogecoin will be sold for USD. If no new water(USD) come in, the pool will be smaller and smaller till dry up. You use more dogecoin to buy things, the pool is drying up faster.

The analysis you made on that thread's last few posts are fine, but I want to point out that you gave to much importance to the small problem quoted above.

Buying things with Dogecoins is fine, because that gives an incencitive for merchants to accept it, which gives legitimacy to the Dogecoin economy and thus is positive for the coin's value in the long run. Plus, I doubt there are more than a few million dogecoins spent everyday, and it's safe to say that many of the users buy back their coins after and/or spend them with merchant who keeps their dogecoin (a good number of the sellers on suchlist and other marketplaces do that).

The main problem, really, is the current hyperinflation which encourages multipools, who still are about half of dogecoin's hashrate, to dump more than 60 BTC worth of Dogecoin per day, plus the whales who are dumping since a few weeks (this is proved by the fact that the amount of Dogecoin in the 100 richest addresses dropped considerably).
836  Other / Beginners & Help / Re: Getting paid for signature space? on: July 04, 2014, 02:27:40 PM
Its bad practice i think, i got only sites that i like, noone paying me for this. Community should be community, not pursuers (posters) for profit

Why not get the best of both worlds, and profit by advertising a business that's good for the community?
Gambling websites are an important contribution to the relevance of cryptocurrencies, since dealing with fiat on them can be quite inconveniant.
837  Other / Beginners & Help / Re: Some Noob question Scrypt miners on: July 04, 2014, 02:24:56 PM
Short and simple: Scrypt is the algorithm used for encryption. Bitcoin uses SHA256 for encryption, not scrypt. So, scrypt mining is nothing other then mining coins that use scrypt encryption algorithm

Not really encryption.

For example, the sha256 output of your post is:
Code:
Short and simple: Scrypt is the algorithm used for encryption. Bitcoin uses SHA256 for encryption, not scrypt. So, scrypt mining is nothing other then mining coins that use scrypt encryption algorithm
Code:
7098acd0b1a23d767097a35d6e26f129d1fe29584c64d6d0724b9e3490fd3132
.

That is absolutely  no way to "decrypt" it back to your post, because it is not an encrypted version of your post at all.

What would be the word for it, if it is not encryption?
838  Alternate cryptocurrencies / Altcoin Discussion / Re: DOGECOIN to switch to variant of Proof of Stake (PoS) on: July 04, 2014, 02:23:39 PM
just merge mine with Litecoin stop being retards or get 51% when you're block rewards halve in 10 days and even more miners leave.

Merge mining with Litecoin puts a really high sell pressure on Dogecoin, effectively guaranteeing a low price forever.

Not to mention Coinotron does not breed a lot of confidence.

having no hard cap and billions of coins guarantees a low price forever.

The lack of hard cap would be irrelevant, if the coin was to switch to PoS, since the inflation would be equal to the interest everyone would get in their wallet.
839  Other / Beginners & Help / Re: How to best invest in bitcoins? on: July 03, 2014, 07:08:36 PM
What i think is don invest in mining , invest on alt coin and you might get rich real quick Smiley

But don't take advices from the "Alternate Currencies" section of this forum Wink
Investing in altcoins requires a lot of research on a coin's technology and community.
840  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Pandacoin[PND] The only POS coin with 3 mths POW mining phase| Multipool| No premine or IPO on: July 03, 2014, 06:57:26 PM
Did anybody else notice the Bing home page today?

They probably are trying to cater to Pandcoin users in order to provide growth to their small userbase Cheesy
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 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 ... 137 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!