A shitcoin overtaking another shitcoin.
Ripple a shitcoin? In any case, bitcoin cash would be the real shitcoin in there. Ripple is a good coin, only that it is centralized, and it could never be as good as bitcoin is.. but i dont agree in that it is a shit coin. Centralized coins are shitcoins in my book since they are not trustless. They could issue new coins anytime, their company could be closed down by the US government, etc so you have to trust the controling people behind them not to screw you over intentionally or otherwise so what's even the point of being associated with legit cryptocurrencies? If Paypal were to use a blockchain instead of a database it wouldn't make it a crypto. |
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- it is explicitly (or at least formerly) not considered a currency
- it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
- it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??
So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized. +1 Not enough sane threads like this in the sea of greed and bullshit. |
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This is just retarded, imo.
Anyway, these are Titan XP's, they are roughly 40% faster than Vega 64's.
But the Titan series was always overpriced for gaming and even more so for mining.
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A shitcoin overtaking another shitcoin.
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Its actually doing bussiness. It takes your investment in bitcoins then convert it by its own exchange in bitconnect coins. After that it invests in bcc and you see the main things, many people are investing in bitconnect which is taking its coin price higher due to supply n demand. In the mean time its mining also to make bitconnect coins. So simply its like giving you 40% and taking himself around 60%. Its a technique.
Suuuure, supply and demand, right and not manipulation. |
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I CBA to write the same stuff over and over, so: Of course BitConnect is a scam. ~94% of all the claimed trading is going on on their own private exchange. They can make up the all the numbers like price and volume as they want and nobody would know because trades are not on the blockchain, only deposits and withdraws are. Coinmarketcap lists any exchange as long as they have an API. That's it, that's all what they ask for so anyone can create their own exchange and send whatever nubmers they want to CMC and people will believe the numbers.
Once you realize this, there's really no point in investigating BCC any further.
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Amateurish ICO ponzi scam with 0 actual mining.
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Because it is a joke and an attack on Bitcoin causing drama, confusion and uncertainty, mostly for people newe to crypto.
No coin should be called Bitcoin anything, there's only one Bitcoin. Should have called it something like Bitcash, but no, they wanted to advertise it riding the coattail of Bitcoin.
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XRP/KRW =/= XRP/BTC =/= XRP/USD.
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It's a decent coin, yes, but it's way overpriced: Because it was just pumped by McAfee and others.
A coin's price was around $0.20 yesterday, meaning $898,560 worth of coins were being mined every day.
Which means that price is not sustainable because the coin's market is much smaller than to be able to soak $900k each day long term. This coin is massively overpriced right now and while it might go higher, long term it will go down.
And the block halving is still roughly ~130 days away.
If you list coins by circulating supply on coinmarketcap, you can see that Verge is the 9th coin with the biggest supply. 14,392,106,994 XVG. That is a shitton of coins. Each valued at $0.20 is not realistic for a coin this size.
Also, TOR "anonimity" is nothing new but many newbies think it's some bleeding edge tech. For example Joincoin's first block was mined in 2014-08-11 and I believe it had built in TOR "anonimity" from the start.
The Wraith protocol also doesn't sound like anything new but we'll see.
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Clickbait title.
Gold is old and heavily controlled.
Pegging coins is unecessary and even counter intuitive.
Onegram is a shitcoin since it's a token/ICO. So no.
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I just found out that withdrawel of crypto from C-cex is not possible from December 20th to Jan 20th. They claim the reason is vacation. They did not warn their users with email notification.
Does anyone believe that a business that is nomally open 24/ takes 1 month! vacation? I certainly don't.
Does anyone have info on this?
It means the exchange might close sooner,they should announce it before they take vacation. They announced it 6 days prior. But even then, it's weird. I mean much smaller exchanges didn't have to do anything like this. Doesn't make sense at all. Has to be a lie. And they never sent email to the users about this. Only posted a tweet. No serious business would do this if everything was ok. It certainly doesn't seem to be a lie: https://bitcointalk.org/index.php?topic=418700.msg26317123#msg26317123But yeah, no email notification makes it that much more amateurish. |
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I just found out that withdrawel of crypto from C-cex is not possible from December 20th to Jan 20th. They claim the reason is vacation. They did not warn their users with email notification.
Does anyone believe that a business that is nomally open 24/ takes 1 month! vacation? I certainly don't.
Does anyone have info on this?
It means the exchange might close sooner,they should announce it before they take vacation. They announced it 6 days prior. But even then, it's weird. I mean much smaller exchanges didn't have to do anything like this. |
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I hope the ICO craze will end soon.
I don't think cryptos should be mixed with startups/kickstarters. Cryptos should be trustless, transparent and decentralized, ICOs are none of those things so using a blockchain platform doesn't really offer any benefits to them, in fact just giving a bad name to cryptos.
I dont think by the same way as you, icos are a good thing after all. Maybe without them, there would not even be a quarter of all the altcoins that are on the top 20 at the moment. Maybe that would be a good thing. |
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I hope the ICO craze will end soon.
I don't think cryptos should be mixed with startups/kickstarters. Cryptos should be trustless, transparent and decentralized, ICOs are none of those things so using a blockchain platform doesn't really offer any benefits to them, in fact just giving a bad name to cryptos.
But a lot of crypto-newbies gamble with them thinking they know what they're doing and that crypto is all about pumping and dumping random "projects". These people ignore, or not even aware what crypto stands for and just giving a bad name to it. And they will eventually get burned and hate cryptos altogether. Profits aren't made from nothing, it comes from other people's losses.
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300 hours worth of videos are being uploaded to Youtube every minute! So your 1TB storage per month is waaaaay undersestimated. It's definitelly in the petabyte range daily.
@pedrog: Youtube red is only available in the US and it ignores the issues.
A blockchain based Youtube alternative would be very problematic to do; storage/bandwidth issues, what about governance and censorship going against decentralization (as you surely want to be able to remove let's say child pornography so where do you draw the line?); what about people copy pasting content (decentralized content ID system?); what about the legality of copyrighted content (like movies), what about spam attacks, monetization, and so on and on.
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~62 days worth of premine. Nope!
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Is anyone interested in a difficulty adjust algorithm change? It seem some teams have pulled this off, e.g. with BCH, with decent effect. We've been hesitant in the past because don't-fork-unless-you-absolutely-must, and hey we haven't had to, but it's worth the discussion at least. Better algos are out there for us to use if there is any interest in making it happen.
Any comments appreciated.
Since all difficulty retarget algos work based on historical time between past blocks, none of them can be accurate and avoid spikes and drops. If a block hasn't been found for hours, the difficulty can't change, only after the next high difficulty block gets solved. Coins that are heavily mined can get away with it because the hashrate thrown at them doesn't swing wildly, but for coins like this, a few miners jumping on and off causes big swings in the total network hashrate, therefore the difficulty. And without an appropriate difficulty swing, block times would vary wildly. One of the solution to this problem is to have multiple PoW algorithms in parallel, like it is the case for DigiByte, Myriadcoin, Joincoin, Aurora, Verge, etc. and so if let's say algo A's difficulty gets kicked to the moon because some miners jumped on it then abruptly left, the blockchain still moves on the other algos and the difficulty of algo A can also be reduced without having to find a super high difficulty block. Thanks bathrobehero! Yes I also like these systems. However it seems part of the woodcoin ecosystem now is being a leader in pure Skein hashing. It's tempting to make a fork into one of these multi-hash algos, keeping current woodcoin addresses, a la what folks are doing with BTC these days. Got any names in mind ? All these systems would benefit from a logarithmically increasing money supply. Now that fees are starting to be a driving force in market economics, people are starting to get it, and will come around to using this kind of release curve. Let's be ahead of the game and help with this effort. http://www.tribalmania.com/images3/fijianfork7.jpgMerry Christmas! A few months ago I was thinking, what if the same algo would be used multiple times in parallel. Like instead of Digibyte having SHA256/Scrypt/Groestl/Skein/Qubit algos, what if a coin had for example Skein/Skein/Skein. That alone wouldn't really help, but what if each algo had different blockrewards and difficulty modifiers, for example; SkeinA: 1x blockreward, 1x difficulty SkeinB: 2x blockreward, 2x difficulty SkeinA: 0.5x blockreward, 0.5x difficulty So that both small and big miners could realistically solomine and all 3 algos would have to be heavily mined to stall the blockchain. Though, thinking about it now, bigger miners would probably quickly learn to jump between them probably ruining it for small miners. Anyway, there's also always Proof of Stake that can move the blockchain while the PoW difficulty is too high, but it can be problematic. |
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Because it was just pumped by McAfee and others.
A coin's price was around $0.20 yesterday, meaning $898,560 worth of coins were being mined every day.
Which means that price is not sustainable because the coin's market is much smaller than to be able to soak $900k each day long term. This coin is massively overpriced right now and while it might go higher, long term it will go down.
And the block halving is still roughly ~130 days away.
If you list coins by circulating supply on coinmarketcap, you can see that Verge is the 9th coin with the biggest supply. 14,392,106,994 XVG. That is a shitton of coins. Each valued at $0.20 is not realistic for a coin this size.
Also, TOR "anonimity" is nothing new but many newbies think it's some bleeding edge tech. For example Joincoin's first block was mined in 2014-08-11 and I believe it had built in TOR "anonimity" from the start.
The Wraith protocol also doesn't sound like anything new but we'll see.
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