And you are?

Nothing like faith, indeed.

The project is in a clear  -and quickly accelerating- death spiral, with a total market cap absolutely negligible -if it were to be sold in any significant amount, it would quickly go to 1 sat per coin- but "just know" that SFR will  have a "better future", because if it has any worse it ceases to exists as of tomorrow? There are absolutely no indications in which to base any show of faith. None. Even if SFR would come out tomorrow beating Ethereum in all aspects... because, simply, no one would know.

Or care.

The reason IE is not here is because he is a control freak, a little guy with a huge Napoleonic complex who will not hear criticism or disapproval if he can get away with it. That's one of his main characters flaws (he has others too). So he avoids uncensored forums like the plague because, you know, in these he HAS to answer uncomfortable questions.

And that is, precisely, the main problem of Bytecent: It simply CANNOT grow. He, on purpose, avoids the forums which everyone inside of crypto AND OUTSIDE LOOKING TO GET IN, visits and reads, which is 100% counter to the pretense of potential growth of BYC. Therefore, the same group of no more than 100 people, do mine and trade and talk about BYC while the rest of the world simply doesn't even know it exists.

Hence why it is a disaster, after the disastrous launch. A train wreck indeed. Much like IE himself is.

The last chapter will round up the story. Zimbeck the Turd's job in this tragedy, is quite clear, no smearing needed. He's the worst crook of them all, by far, for without his consent, agreement, and enthusiastic participation, the scam would simply have not happened. He was made aware of all of it -by me- way after he was already fully aware of it... and participating with more enthusiasm than in anything else in his life. Again: He is, by far, the worst of the lot.

By far.

And still continues the scam, by the way.

And to keep things clear, he got not only 100 BTC, he got 191 BTC. Plus 100 MILLION BAY. Plus he has his paws in the "fund" where there are almost 600 more BTC. Plus the bags of Steven and Lin are quite deep -especially in BAY- so I am quite sure they are currently being generous...

Zimbeck the Turd is not developing anything. Never was. He copy/pasted BC halo included and gave it another name. But wait for The Sound and the Fury to post the details of the final chaptar, he has done a magnificent, unparalleled job so far.

That's, of course, if you want to know the details that, somehow, seem to escape you. By design.

I bought a bit of BTC yesterday and I'm buying more as coinbase clears the path all the way down from here. I expect a significant rebound.

Simply magnificent. Thanks!

@ The Sound and the Fury

Agains, absolutely magnificent. Can't wait!!!!!!

I know the very manipulated story, yes. But it is just a handle. Really.

I'm in the opposite side of that theory. I believe the effect of this companies accepting payment in BTC is legitimizing it and driving it closer to mainstream. The consequence I expect in 2015, from these levels, is steady growth in both price and usage/popularity: the snowbal effect as more "converts" = more demand.

Most people is only looking at the prices day to day; I believe btc will flourish agan when more people, from the mainstream world, see it not just as a usable currency with no scamming attached to it and, above all, as a storage of value not affected by inflation. Back to the basics, again.

At you. And quite sarcastic, of course.

Could have fooled me....

You joker you...

At least that's what I just did, so I believe we are at or very close to the bottom. And I plan on buying more, significantly more, at these levels as Coinbase allows me -I like to instant buy-, so I am prepared to keep on buying for a little while if prices remain around 325 or go any lower.

Why? Well, I believe BTC will be, far and away THE investment of 2015. As a trader, mind you, I will not stay on it if there are significant profits to be taken, so nothing to do with "long" term investment here ("long", in this case, being one year), but I hope to be lucky enough to time a few trades along the way even if I am "forced" to buy up eventually.

I don't believe the current divergence between price and popularity of BTC will continue for much longer and, as more and more vendors, from Time Inc to Microsoft, start accepting payments in BTC, I cannot imagine any way but up for the currency... especially if the regulation incoming finally arrives... as it should in 2015.

Also, if price remains stagnant -let alone if it continues going down- I believe as many as half the people currently mining will stop that particular madness and their money will come into BTC straight, rather than towards ever more expensive miners, so that could be another propeller.

Anyway, those are my motivations. That's why I bought back. That's why I'm buying more.

What clearly is "working" the price is the recently uncovered scam by Zimbeck the Turd and his connection with this project.

It doesn't put money in my pocket if you "get" THE WALL OF SHAME of if you do or don't have common sense, that's your problem.

As for ad hominens, I insist in using them properly and only when warranted: Hence, Zimbeck the Turd. For personal release, regardless of it they work or not. I believe FACTS "work". Ad hominens? nah...

That's for you to decide, of course.

It requires a minimal of intelligence, but mostly just average common sense. If you lack both, you shouldn't even bother.

Since I have no personal interest, I post here sparingly, so don't fret. This last posts are prompted by the obvious effect that the last scam perpetrated by Zimbeck the Turd has had of late in the price of BC, accelerating significantly the otherwise unstoppable downside spiral.

You won't see me with any regularity here though, I'll gladly leave you to your own misery.

This specific specimen DEMONSTRATED the scam and named the names and methods used, involving the entire dev team. It is amply posted over BTCT, in full detail in THE CASE OF BLACKCOIN and over several posts, including contributions of the original scammer, The Doge, in THE WALL OF SHAME.

But you can follow this loser's excuse for an in individual and ignore.

At your own peril, though.

Like I said, the expose took place along with the prediction for the future dismissal of BlackCoin. That was 90% loss ago and we are at 95% loss -almost- from the ATH. So draw your own conclusions.

As for the uncovering of the most recent scam by Zimbeck the Turd, you can also read ample detail on the several BitBay forums right here, and then make up your own mind.

And why would they? I only uncovered the huge scam that this coin was and predicted the 90%+ downside spiral that has fully materialize since... And most recently, long before others joined the fray, I also uncovered Zimbeck the Turd for the little scammers that he is... so why would they give a shit indeed?

The market is "posting" for me. No effort required. Enjoy the message.

Upon further examination, I have to correct myself. Quite significantly too: BYTECENT IS A TRAIN WRECK

First of all, abounding on a point made above, it isn't "working". Meaning that regular folk with regular, even potent, laptops, are NOT mining. Not for a couple of days not for a week... they are just not mining. I have corroborated this myself. So IE lies blatantly in his latest radio update, while claiming that, in the mining aspect, "everything is how it should be". Unless he is referring to him and some friends mining massively the huge amounts of BYC that are being mined currently, he is not only untruthful; he's blatantly lying. Like I said, I have corroborated it personally during the last full week.

But that is NOT the only reason why BYTECENT is indeed a train wreck. The main other one, of course, is IconicExpert himself: He somehow envisioned this coin to benefit from his personal involvement. Contrary to what his enormous ego has led him to believe, most people in crypto really hate him. And I mean way beyond those that have convinced themselves, without any base in reason -or very flimsy ones- that he some kind of scammer. As I have posted repeatedly, he is NOT. And, like I said, those acerbic idiots are NOT the problem of Bytecent. The problem, one of them, is the IE is not even remotely close to the "draw" that he dream he is. Or more specifically: Very few people gives a damn what he does or, more precisely, what coin he is behind. And that's people in crypto who either know him or know of him. Outside of Crypto he is a non-entity with no capability whatsoever, none, to bring any regular folk into crypto, let alone Bytecent. The entire Bytecent launching brouahaha would have granted, one would have imagined, some kind of whatever minimal adoption if, in fact, IE was to have any "pull". It has produced none. Not the press releases. Not the radio broadcasts. Not the twitter giveaway... Nothing. The crypto community, those free from personal phobias and hatred, either feel "meh" or, not even that. The community doesn't grow at all and the community that exist simply doesn't have any money, to boot. Consequently, the very few people that bought into the idea, has fail to go even beyond the first mini dumpp (coin is still above the ICO price, but impossibly far from the 248% above that it reached ath.

And it is only downhill from here, I'm afraid...

Let me correct myself from one of the above posts, I hadn't even looked recently at the blockchain. Upon a recent glance, I have discovered that not 30+% of coins, free ones, have been mined since launch. Not even close. More like almost 100%.... staggering. There are, at the time of this posting, almost 273,000 BYC in total. That's close to double the 140,000 that were sold in the ICO (once the refunds were discounted). That means that while 140,000 were bought at 0.0005 BTC, almost 140,000 more have been brought to the market, coins that were obtained for free. It means that even if they sell them at 5 satoshis, they are still making profits. Imagine how many the have sold above 100,000 and beyond... and continue selling as this is posted. The answer to that image is simply one: Too many. There's no money in the community, nor ios there any new members coming in to absorbe such amount which, mind you, continues being increased by roughly 2-3,000 new coins mined everyday, probably significantly more.Keep an eye on the blockchain and find it for yourself... exactly.

And if the current situation clearly explains why is this a train wreck, presently, the worst is to "be patient", as IE would like to have you. Think about it: For IE, things are "working currently the way they should". Which, as stated, is far from the truth. But even when and IF things work the way they are supposed to, imagine the next year bringing in more than half a million new BYC coins to the market, all at ZERO COST. This is what will be mined if and when the proper limit of 1440 coins per day are mined (I will repeat once more than many more than those are being still mined daily currently and who knows for how much longer). So, by this time in 2015, Bytecent will have around 800,000 coins total and at current valuation of 73,000 sat, a market cap of $200,000. The current market cap of BYC is $67,000. What in the wildest of your dreams would produce a tripling of the price in the next year? I will answer that: Nothing. Because it will simply not happen. As a matter of fact, BYC will not exist by this time next year. And neither will at least 90% of the rest of altcoins out there, probably not even 5% of them will have survived 2015. And I assure you, BYC will not be one of the survivors.

Admittedly, it was a good idea. A very good idea even. Problem is that IE doesn't have the pull to sell that idea to more than 100/200 people in and out of crypto, so even with sterling launch and implementation -and this has been so far the opposite of that- it would not have been successful. It wouldn't have been such a train wreck though, just out of the gate.

Putting it mildly, IE simply doesn't have what it takes to make this otherwise worthwhile project, successful. Pity