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1121  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph on: March 04, 2014, 10:13:06 PM
hooly shit!!!

0.00016000    51,000.00000000    8.16000000
0.00015500    50,000.00000000    7.75000000

what does it mean?
is it good or bad ?

buy wall driving the price higher
1122  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph on: March 04, 2014, 10:06:31 PM
hooly shit!!!

0.00016000    51,000.00000000    8.16000000
0.00015500    50,000.00000000    7.75000000
1123  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph on: March 04, 2014, 10:03:38 PM
0.00014000    73,965.96178571    10.35523465
1124  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph on: March 04, 2014, 10:01:28 PM
0.00012600    139,619.27000000    17.59202802
1125  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph on: March 04, 2014, 09:54:10 PM
Maza back on the pump
1126  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph on: March 04, 2014, 09:07:11 PM
crashing lol
1127  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland on: March 04, 2014, 08:34:36 PM
Cryptsys fkn garbage. I place buy orders at .089 when theres more than enough sellers and the shit lags and doesnt go thourgh and now i missed the second coming.

WTF
1128  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland on: March 04, 2014, 06:34:34 AM
At the current exchange rate (0.1 BTC) that would equal 1 MILLION BTC if all 10 million Auroracoins are exchanged for BTC and then cashed out. Imagine if you can what this will do to the price of BTC. It will go into freefall as there are not enough buyers in the market to absorb that many sales.

As I don't want to see this poorly thought-out and designed promotion crash Bitcoin, I seriously hope the exchange rate tanks to a miniscule amount before the airdrop. And why the fuck do the people of Iceland get to be handed for free thousands of dollars in crypto coins each that if all cashed out quickly could seriously damage the exchange markets for all cryptocurrencies? Not hating on any Icelanders at all. I just seriously doubt that they give a rats ass about the health of Bitcoin or any other coin and just want the $$. Aurora coin is useless to them otherwise at the moment. They can't buy anything with it and most will likely fear the government will quickly ban it and will want to get what they can before that happens.

Hopefully I am not the only one who actually thinks this whole thing through to likely conclusion. Go ahead and tell me otherwise. I am sure I will hear from someone that this isn't true and I don't understand economics or free markets or some bullshit. I will tell you what I damn sure understand and that is human greed and how it can totally blind someone to the real facts and potential outcomes of their actions.

Umm, your logic is way off.

The only way for them ALL to cash out at the current exchange rate is if the current BUY WALL is 1 MILLION BTC! Right now the buy wall is 2 BTC.

If you go all the way down to .07 BTC, there is only about 15 BTC TOTAL that can be cashed out.

Unless that 1 million BTC buy wall comes along, your gonna have to work a bit harder at thinking this through to its logical conclusion Wink

That is a valid point. Thank you for correcting me. I want to make sure everyone here understands what you are saying. What you have just said is that basically the first maybe 100 Icelanders to try to completely cash out their 31 odd coins would completely deplete the buy support for Aurora coin on pretty much every exchange that currently offers Aurora coin. This would bring the price to almost nothing.

But I thought the market cap was 100's of millions of dollars? I thought we were giving every Icelander $1000's for free? I thought that we were going to overtake BTC? Does anyone still see a way that this is going to end well? Sure there will be some publicity around cryptocurrencies and the well intended plan to help Icelanders. I can only see the bottom falling out in one way or another. Of course maybe a big whale will come and save everyone.

The market cap is really only 1% of that listed on CMC as only 100k or about 1% of the coins are available for trading. Add in the huge sell off before the airdrop, and the 99% devaluation of the currency supply post drop, the coin will be rendered almost worthless; and that's when the real magic will begin.
1129  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland on: March 04, 2014, 05:59:49 AM
I think the price will past bitcoin in a few days, Chineese ppl buying too much ...

seems that wolong is in this too.. http://pastebin.com/xCTa498H

How on earth did you get this info?

WTF? Is this for real?
1130  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN]BitFund:Descendant of BitShares on: March 04, 2014, 03:50:34 AM
interested
1131  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin will skyrocket? on: March 04, 2014, 02:36:32 AM
Nxt/Nem

Alot of people overlooking NXT. Get it while it's hot.
1132  Alternate cryptocurrencies / Altcoin Discussion / Re: If you like Auroracoin, you're going to LOVE Mazacoin (MZC)! on: March 04, 2014, 12:57:28 AM
What's the population of Lakota Nation?
How do they expect to get this coin into circulation? Aren't most natives poverty stricken, addiction bound, and uneducated?

What am I missing here?
1133  Alternate cryptocurrencies / Altcoin Discussion / Re: I missed the Auracoin train, what's the next one? on: March 04, 2014, 12:45:31 AM
NXT flying under the radar
1134  Alternate cryptocurrencies / Altcoin Discussion / Re: Proof of Stake Investment - NVC/HBN/PHS/TEK/and more on: March 03, 2014, 10:38:40 PM
Why did you leave out NXT?
1135  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland on: March 02, 2014, 11:03:41 PM
The mining pool spam just makes this whole thread convoluted.

Can we have a one thread for pools and one thread for speculation?

It would be nice to brainstorm aurora without having spam breaking up the train of thoughts.
1136  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin (DarkSend) | No Premine | Runs 30% cooler than scrypt on: March 01, 2014, 07:21:41 PM
I've never mined before and I want to mine darkcoin. I followed the "getting started" guide and I get stuck at configure your miner.

Quote
3. Configure your miner.
Settings for Stratum (recommended):

CPU Miner:
      minerd -a X11 -o stratum+tcp://pool.darkcoin.io:3333 -u workerusername -p password
GPU Miner:
      sgminer -o stratum+tcp://pool.darkcoin.io:3333 -u workerusername -p password

Setting for stratum? Huh? What?
1137  Alternate cryptocurrencies / Altcoin Discussion / Re: If you like Auroracoin, you're going to LOVE Mazacoin (MZC)! on: March 01, 2014, 12:56:28 AM
get maza on poloniex pls
1138  Alternate cryptocurrencies / Altcoin Discussion / Re: If you like Auroracoin, you're going to LOVE Mazacoin (MZC)! on: March 01, 2014, 12:15:57 AM
I saw this a few hours ago at market cap like $200k and was thinking "well this is just like aurora" ... Sure enough price skyrockets 5 fold and I miss out once again FKK.

What the population and gdp of lakota nation?
1139  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland on: February 28, 2014, 06:06:45 PM
where can i find instructions on how to easily start mining AUR?
1140  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland on: February 28, 2014, 05:55:52 PM
Do we know if the government will just ban this from use in Iceland. Is there any communication at all with them to ensure this wont happen?
At current prices, each citizen of Iceland will receive $760 worth of Auroracoin.  I suspect that if a politician tried to ban it, they would find themselves rather unpopular VERY quickly.

Since when did dictators need popularity?
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