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1481  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield on: November 25, 2014, 08:15:21 PM
BK, do a much better job. He can. And he should.

Agree.  There's the issue.  Can it be fixed?  That is a matter of faith.

But it gives me a chuckle if you think jyap is incapable.  Challenge, can you name a better candidate?  And I don't need 2.0 tomorrow but 1.0 would be nice.  The source of the delay is not from the dev, just a guess Smiley

FM said, "long term buying opportunity".  Forgive him for being over zealous but be a bit patient on 'long'. For me that's 36 months or in case of a big winner 36 years.  We are still very much in the pioneer days.
 

I already named a better candidate. Proven. And done immediately. And 2.0. Why not? why settle for run of the mill when you can get cutting edge security? Makes no sense.

"long term" is an euphemism. In alts "long term" can be Friday. There's no "long term" in alts. Most don't survive 2 weeks.

Again, matter of personal opinion. Many believe that we are at the sunset of the alt coin ponzi. Either way, whatever the opinion, we should strive to do things well. And responsibly. ESPECIALLY if we believe there's a real "long term" in this.

Oh and no, matters of faith are usually religion oriented and ALL end up bad. Here it is a matter of having it fixed, because it easily can. Or get the hell out of Dodge. It is a matter of will (BK's), not of faith. So far he has shown a very feeble will.
1482  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield on: November 25, 2014, 07:24:41 PM
I don't disagree much with the read on BK.  "Overall, treat your investors in NAUT as you do in your firm in the real world."  

The "stabilization fund" needs to be clarified, the road map spelled out, and the value BK brings to the table is exposure to a greater market.  Lack of communication tends to show disrespect, but it need not be direct on this forum.  It's a mad house.

I do disagree "time to delegate (and it should be on capable and RESPONSIBLE people)"

What?  

1. jyap is capable of efficient and immediate implementation of POS.  Do your homework.

2. This is a community driven platform, so we self organize.  FM plays the role of facilitating communication.  He benefits by investing and promoting NAUT.  If you don't get that then, sorry.  He has done/doing a fine enough job, in my opinion.

Don't tell me what jyap is capable of, ok? The only thing he has showed capability of is TO LIE, as clearly demonstrated, IN HIS OWN WORDS, a couple of pages back. If he is capable of implementing POS, where is it? And no, POS is simply not good anymore. There's POS 2.0 already implemented  by BlackCoin, where the main security problem of POS has been solved. Why let anyone else implement, maybe in months, if at all, something that is already obsolete and faulty? Haven't we learned the lesson after trusting Bryce's capabilities for so long?

You have an opinion and is respectable. I have a different one and I absolutely insist in the same level of respect. And this isn't a community, very few people comment here, and we cannot know if they are even invested in NAUT, so stop the community nonsense. This is an investment with people investing real money and demanding that the developer, BK, do a much better job. He can. And he should.

As for FM, I have stated many times what you cannot and you should do as a PR guy. And the reasons. Because keeping insisting that it's a great long term buying opportunity when the coin has gone twice from 100K to 5K makes such statements a joke and him the butt of that joke. Or, to be more precise, "if FM says it is a great opportunity to buy, it means, literally, for it has happened 100% of the time, it is time to dump it". You cannot have such disgraceful track record of "opinion" made public and not expect such repercussions.

Your opinion of this being a "mad house", again, it is your opinion. I believe a mad house, really, is everything that has been going on with NAUT since launch. Unprofessional through and through. And no, the BK contributions, here and on twitter, are an assets as BK himself should be. What he has to be shielded from raw opinions? He's perfectly capable of fielding any questions while showing knowledge and class and inspiring holders and investors. And this should be his stage, among others.
1483  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 25, 2014, 07:15:26 PM
Do you consider name coin one of the exceptions? It seems to have a viable use case of providing domain names.

The problem with even the alts that have an use for their coins, is that, IF THEY ARE SUCCESSFUL, which is difficult enough in and out of itself, for something like 95% new business fail, they DO NOT NEED any altcoin behind them, or along with them. The business of domain names has already enough sucessful providers heavily competing for the limited business available by offering other goods and services that differentiates them from the competition. And they accept payment in FIAT so why is there a need for crypto there? there isn't.

Similarly, 65% of payments to game sites worldwide is made in bitcoin. ALREADY. Even if Breakout Gaming is successful, they do not need BRLO at all. They are going to accept FIAT and Bitcoin payments of course, just like any other casino. They will only pay out in BRO. Than in itself is a hube barrier that makes much harder for them to be successful for the competition pays out in FIAT or BTC on demand, so their chances as a gaming/gambling operation are, in my view, greatly diminished by using BRO along rather than enhanced.

The same is true for any other altcoin I can think of. The ones with the cannabis or mariuana attached to them... what the fuck is that a need when you can order just the same paying with FIAT or BTC? the so called "ude case" is, in reality, not such a thing.

Anyway, about Namecoin, no, there's no reason for it to survive. None whatsoever.
1484  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield on: November 25, 2014, 06:58:20 PM
There's a pack of h8ters on the forum, or are they just trolls Huh

They love to shit on some coins, but rarely have coin or community that they themselves stand behind.

Negativity has its time and place, poor actions and bad actors need to be called out.  H8ters can bring value to the discussion.  

But if they can not provide creative criticism, nor guide towards functioning examples of what is 'good' and works.

Then their intentions and motivations are suspect.



Let me give you creative criticism (and I know your response, so forget about mentioning manners, ok?):

BK, get off your ass and promote NAUT 12/7 (ideally 24/7), AFTER you find -and PAY FOR- a capable, efficient and immediate implementation of POS. Rat4, at BC has it ready for delivery for a price, of course.

Get rid of croonies and hangers-on and do your own PR here and in twitter. News should come from you. The time to delegate (and it should be on capable and RESPONSIBLE people, is far from now.

Try to make the only feature that differentiates NAUT from other copy/paste hack jobs, the "stabilization fund", a bit effective through soliciting donations from the biggest holders or new investors. OR get rid of it altogether. Either or.

Overall, treat your investors in NAUT as you do in your firm in the real world.

It isn't that big or that difficult, is it? And yet, all these months after the coin was launched, obviously prematurely, it has not been done.

See how easy? Now sit tight to see those actions implemented... No? they wont be? Then get fucking ready for some backlash from disappointed investors, alright?
1485  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 25, 2014, 06:30:02 PM
Just reading the bullshit in this thread is like watching Fox Five news...

If we can estimate that there are around 1million Bitcoin users globally and most don't even own 1 single Bitcoin(according to a survey done here on bitcointalk). What does that tell you?

That tells you that the people with serious money aren't in the game yet, or not enough of them are. If you guys count these small million dollar marketcaps and etc, as Bubbles, then you need to rethink. Most people don't know Bitcoin exists, they don't own any Bitcoin, and aren't inclined to atm. When the average joe starts rushing to buy Bitcoin and/or altcoins, then that's when things really begin.

As of right now, you're all early in the game.

That's absolutely correct, and highlights as well why you are completely wrong: people with serious money having serious money because they know how to invest, and people with serious money, plus VCs and institutional investors certainly will not invest in shitcoins that loose 90% of their values in 3 months. There is enough data by now to make conclusions about shitcoins - and you can see on the current market what's happening when such conclusion is about to be made.

Bitcoin is a different matter, Bitcoin will be fine.

You have no idea what you're saying. Bitcoin startups has had over 200million in VC investments. Bitcoin obviously lacks the ability to just add on w/e features it wants because of politics and the rest, altcoins however are free to do so.

This phrase; "Bitcoin is a different matter, Bitcoin will be fine.", is 100% bullshit as well. Bitcoin on it's current track without intervention will inevitably fail due to being partly centralized by mining farms. Altcoins are new, they don't face such centralization, yet, so if any investor wants to invest in the cryptocurrency scene, he'd go for promising altcoins as well as Bitcoin. Until large investors can soundly invest a cool 100million in a cryptocurrency without raising the price skyhigh, then we haven't reached "mainstream" yet.

Take you bullshit, biased, beliefs elswhere. Your opinion doesn't matter, you can't define something as a "shitcoin" because it doesn't meet your expectations of what it should deliver and when etc. And as I said earlier, these small single digit million dollar marketcap's that some people think is "High", for altcoins shows that this entire cryptocurrency scene is just in the beginning.

The problem with your statements is that they are stupid. And, inevitably, uninformed.

As far as public awareness, the latest published poll, coming from the UK, shows that 72% of the people has heard of Bitcoin. There are very few single name things or people that the general population on any country has heard of at the level of 72%. So awareness is not the problem. Likewise, the bitcoin penetration in the general economy continues growing, albeit slowly. But growing.

Meanwhile, the shitcoin bubble, otherwise known as the altcoin scene, continues bringing in new shit projects that go by the wayside within weeks, 99% of the time.

A bigger problem for Bitcoin though is that, although it is generally know by the vast majority of people in most advanced countries, it has the worst reputation possible due to scams (such as Gox and other exchanges) and it's volatility which makes it unusable for most merchants since ity doesn't represent any advantage, in and of itself, to FIAT.

Altcoins aren't even close to the front door of entering the economy in ANY way. Nor will they ever... although the gaming/gambling industry cual become an exception if Breakout Gaming is successful with it's BRO project, which so far has been a terrible disappointment failing to attract any real investors or even pump and dumpers.
1486  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 25, 2014, 08:29:57 AM
Again the point here (the points you make, actually) is that there's NOTHING of any conventional value that in any significant way, is traded on any of those initiatives. It's next which buys nxt ventures, which can be sold for BTC which can be used to buy next. going on circles and going nowhere. You cannot actually trade them for dollars oRr any other fiat or perceived holder of wealth such a precious metals or stones. And those "assets" give you "dividends" that are, again, next. Or Atomic. Or supernet. Or any other shit... no business is generated. No traffic/advertising, no sales of any goods or services outside of overpriced crypto-friendly shit no one in the real world wants. It's like playing with marvels that go from one pocket to another and never serve any purpose than the actual playing with them. Children's games.
Ehmm... I think that is great then, is a plattform where the prices are set in their own currency, isn't needing the dollar... for me that is fine. Also is tradeable by the same things as bitcoin is, I don't know why you say you can't trade them to dollars  Huh and there are one gateway from anon96 to trade it for silver. Are you complaining about bitcoin assets companys paying dividedns in bitcoins? Would you be more happy if instead of buying nxt to pay dividends, the asset issuers buy multigatewayBitcoins or coinoUSD for pay you in that kind of coin? I really don't see your points.
Isn't nexxty a real app outside the crypto world? Or the game which is in development? Or Jinn? There is also the freemarket running on nxt, there you can buy goods "there isn't many yet, ok..."
Don't try to compare a one year coin with fiat, of course it looks like a kids game then, even bitcoin looks like that...
Which uses have bitcoin which nxt doesn't?

I am not complaining, I am stating facts. And the fact is that only bitcoin, and none of the alts, none whatsoever, is making some very small, tiny, inroads in the world economy. And, like I say, no one is able -due to volatility- to accept even bitcoin, let alone any alt. If you use bitpay, like ALL merchants that accept bitcoin do, you are not really using crypto. Or bitcoin. You are using a conventional creditcard that happens to be named bitpay. And yes, you cannot buy ANYTHING with your crypto, unless you pay the pied piper (BitPay). So we are not progressing. At all. It isn't a complain, it is a fact.

But Alts specifically, arent even in the game. the nxt freemarket is as much a joke as the Unbreakablecoin "digital ebay" market. It's actually non-existant. And it ain't getting any better neither. And yes, as long as dividends are being paid in "assets" they are not "real" dividends, it's a gimmick, the left hand paying the right hand with the same marbles over and over and over again, while no profit of any kind is generated and any new money comes in the form of crypto from speculators that will soon leave the game -as they have- after being burned and taken for a ride by the unexcrupulous devs. Alts are not only not progressing, not only not bringing anything -yet- in the form of technology, they are actually self destructing. The shitcoins, of course, and, at the same time, those that at one point showed some promise. Like NXT, for instance.

But we are not going to agree on this, of course. And it is OK and even good. Time -crypto-time goes at hyperspeed so hopefully we both will be still alive when alts self destroy completely or almost completely- and will determine who was right. It's just that I have read today some "coin" which offer to provide the user the ability to open one's garage door from one corner of the world to another and that has been possible on the iphone for at least the last three editions. For free. This genius considers it reasonable to charge $5 a year subscription for the service. It is really hilarious...
1487  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SFR] SaffronCoin | Decentralized Exchange to release soon! on: November 25, 2014, 07:49:38 AM
Who are you Saffroncoin, are you Muhammad? I am confused. I have POSTED here screenshots of why I had NOT test the wallet, which is quite impressive for what I have seen in the OP. I want Mohamed or Muhammad Roshan to tell me it is a mistake and, if it is, why hasn't been corrected for many people that would want to test it won't and will go on to the nexty coin.

Otherwise, you must be some new kind of stupid to even remotely believe that anything I post -in this case it would all be positive for I havent post a single negative thing about saffron coin yet- has even the slightest effect in the price of any coin, whether it is going up or is it going down. And I see that you have company... which is downright scary, really.

If it is a mistake is is the simplest of things to state so here. And almost as simple to correct it in the splash and therefore it disappears and reflect the size of the thing. Every single coin, including the shitcoins, has at least that. Why saffron hasn't.

Once again, I ask Roshan -and this will me my last such question- to clarify that for me and, if applicable, correct it. If that doesn't happen within the next 24 hours, guess what, you can celebrate for I don't want to share any time, or investment, with such "luminaries". I will divest my very modest investment in Saffron and you will never heard of me again on this thread. I will leave you so you can continue digging your own hole with no further interference.

But since you mentioned it in such a clumsy way, you will be glad to have the opportunity to expand on how your decentralized exchange is ONLY going to trade on legal good and services and not in "any drugs or such stupid crap". Just how old are you, really? Wow.

Came here with a very positive feeling and I am about to leave with the feeling that I just briefly visited a total nuthouse on a mission to self destroy. Have at it, by all means.

1488  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 25, 2014, 06:59:19 AM
the bubble busted already.

now it is the final capitulation

If by "final capitulation" you mean we are still between 70 and 95% from the bottom, depending on the coin, I agree with you.
1489  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 25, 2014, 06:58:09 AM
Let me be quite clear about this: NO DECENTRALIZED MARKET OF ANY KIND WILL BE ALLOWED BY LAW ENFORCEMENT ANYWHERE..

You are selling ANON Gen 2.0 platforms like NXT waaaay short...
When running on 100% anon crypto-currencies they will be unassailable.

You think LE will be able to shut down 1,000,000 NXT clients with the full blockchain...
When a little program like BitTorrent brought the music/movie/porn business to it's knees?  
(Despite Draconian measures by LE and the courts).

So you write off infinitely more powerful blockchain tech flooding the pipeline...
Because it's been abused to pull off ultra-sophisticated, centralized scams like BitShares and Etherium.

You need to get away from BitCoinTalk... and see what True Believers are building out there.


The True believers, just like the non-true believers are building basically shit that allows them to get out of the garages of their parents  before they hit 40 and actually without having worked a single day in their lives, that's what they are doing in Crypto for the most part.

So you believe that Law Enforcement gave a rat's ass if children shared songs, books and movies, including porno, over Bittorrent? Really? Well, if they would have, none of those would be in existence today. And, not only that, all their  developers would be rotting in jail right now. You, I presume, just read the shut down of Silkroad 2, which was bragged about as  impossible to happen because if anything happened to Defcom, the network will self protect and go dar temporarily and relocating, haven't you? Well, the guy is in jail, his money taken and Silkroad 2 is history. That wasn't anonymous enough, you said? You understand that is like saying "she's not virgin enough", right? Either you are or you aren't, right?

OK now take off your geek hat and use your brain for once, ok? You want to buy cheap cocaine from this guy in Colombia that has been brought to your attention by a friend in Australia. You live in Japan? So you contact guy-in-Colombia, you both deposit he the coca you the BTC and you just wait for the coca to be delivered to you by UPS under the wrapping of Juan Valdez Cafe. And you go on with your party and on to the next "transaction", right? And you laugh wild and wide long after teh effects of the coca have disappeared because you were so ahead of the Law that you are the untouchable Geek, right? Oh wait, what is wrong with that picture? Nothing, you say? Coffee -or any and all items, regardless which, go through customs like nothing happens? Well, let me tell you the REAL scenario: Long before you actually send the invitations to the party, as soon as you open the package, you have the police throwing down your parents home's door and putting you in the back seat of a black and white before dumping you in a jail in which a rather enormous and exceptionally endowed African American man is going to become your protector from day one, ok?

Oh, you are not interested in drugs because your "thing" is child porno and that comes to you through the computer, so "no one can ever find out", because it's so anon, right? WRONG AGAIN. Shortly after you order from the guy in Canada, and when you start masturbating to the new material, both the guy in Canada and you are arrested and thrown in the same jail with the same African American because, it happened, several international law enforcement agencies had been circling that specific child porno ring and have had agents on the inside -just like in Silkroad 2- for months, if not years. And they just caught you, the Canadian and 87 others in 32 countries of the world, all being thrown in similar cells with identical African Americans of exceptional endowment.

You really are so simple that you believe ANY degree of anonymity is going to protect your from law enforcement when you break the law? Havent you read what happened, just happened to a couple that thought just like you?

And, by the way, you got it all wrong... again. Bittorrent never put on any knees any industry, musical, movies or otherwise. As a matter of fact it became a very efficient promotion for the abusive distribution of music, mainly, and movies. Studios and music houses continue making more money than they have ever made. Thanks to Bittorrent and the likes, NOT the opposite. The one which kind of changed the whole think was iTunes, you might remember. Because in the age of ones and zeroes, CDs, obviously became almost as obsolete as the 8-track tapes. And in the times of you eat whatever you want and nothing you don't, you cannot simply force people to buy a full album when 99% only want to own or have or listen to a couple of the songs in that album. The music industry did not want to evolve and adapt and were forced to... in a very friendly way, nothing shocking; the movie industry learned the lesson and started a distribution way that is up with the times, and continuously evolving. It was hard to say goodbye to all those billions of dollars in DVD sales, but the alternatives proved equally rewarding... and then some. No one put them on their knees. At all.

Crypto is not changing anything. Not yet. Crypto (that's BTC for you, and ABSOLUTELY NOTHING ELSE), is pointing towards a technology that "may" have an actual, practical use in the real world. The jury's still out on that one. It looks like it could be useful but it is years from any significant implementation, best case scenario. Meanwhile, just a gimmick to try to bring to the conventional fold a bunch of disenfranchised potential customers, so some merchants pretend to "play ball". And pay BitPay just like they pay Visa, Discover or Mastercard... because they don't trade in crypto, they just pretend they do. They cannot afford  -no one can-, to trade in crypto.

That's the "real" state of crypto. And alts, for any intent or purpose, aren't even in that scenario. Nor will. Ever.
1490  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield on: November 25, 2014, 05:09:11 AM
I can't stay silent while I am personally slandered.

I actually sold the very tiny fraction of my share at a loss because I needed the funds at the time. I have continually bought every time I've had opportunity.  

I still say naut is a great buy now.  Because I will continue to do so as long as it remains my opinion.  
I am allowed to convey my opinion.

In my opinion is it a great buy?  Yes
is it a significant long term hold coin? Yes

These are my opinions and I have expressly stated this case repeatedly.

Want to know how much I sold when the three peaks hit?  (At 40k, and two different 100k Satoshi instances) not one naut, I could have but I personally have the opinion that the coin will be worth well more than that in time. This is NOT a quick flip coin.

Also every piece of information I've been given I have conveyed IMMEDIATELY.  If I have a invested interest in the success of this coin is it not in my best interest to do so?

Stop putting words in my mouth you should put your foot in yours.

No information will be conveyed about the coin from me here.  When I have new information about anything involving this coin it will be posted on reddit. I have no obligation to this forum (no one does,  or anywhere for that matter) that's like saying just because you walk into a book store you are obligated to purchase a book.

 I have recommended this thread locked to both BK and the moderators of the forum.

That would be the last straw, just like it has been for other coins before, but what the fuck would you know. Or BK, for that matter? So go on  and close the thread if you like. But you are 100% WRONG, as usual. BK has OBLIGATIONS towards his investors. and his investors are HERE, not just in twitter or reddit. And no one has "slandered" you here. You have been the only one stating you have sold and you have bought, not me or anyone else. But no one but you and maybe BK knows if you relay the information IMMEDIATELY or not. No one knows-unless you say it- if you buy or sell. What we know is that you are aware of key info before any other investors, whether you act on it for personal profit or not. And that's why it is unethical the be cheerleading the coin every single time, regardless of the market-price. Of course if you believe this will be much more valuable than 100,000 sat you are going to fell that at 5,500 is like giving money for free, that's not the point; the point is you were wrong at 100,000 and all the rest of the way. Up and down. And, while that is a privilege of investors with their own money it is NOT, shouldn't be, of the PR person of the coin. I'm sure you get it, regardless how much you want to use semantics tpo disguise the facts. As a PR you shouldn't have an opinion as to the future price of the coin, either short or long term, ok? And as a person so prone to give opinions about price, at some point, for a minimum measure of decency, one should add "... but I have been wrong 100% all the time" when hawking how good a long term opportunity this coin is ... in my opinion".

Anyway, this whole project, as it stands, hardly merits even any further discussion, so whatever...
1491  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 25, 2014, 04:52:10 AM

Finally, your most interesting point, the purchase of Minecraft by Microsoft. Good point but not applicable: You see, 20 million people across the planet actually use Minecraft many times a day, every single day. Not one, not a single one, can buy practically anything with Doge. Not a single one. You see the difference? Instead of using Doge they are... guess what? playing Minecraft. I know you get the gist bof it. Of course users have a very significant and quite specific value, be it Alibaba or Google or YouTube or Instagram or Twitter or Facebook. NOT the DOGE or any other alt or crypto community. There's nothing to be used, nothing whatsoever.

And therein lays the problem... and your otherwise very interesting observations.

As for the actual usage of Next platform for real business, please do not tell me what can be done with the platform but actually what IS BEING done with it. I don't follow that too closely but I get a lot of otherwise unqualified comments to the absurdite and inefficiency of it all. Those bearer of such opinions, must be quite wrong, right? Exactly which business have you created on that platform and how successful have you been in this year?

Nxt platform is being used by some interesting projects, for example, funding a game development "Lyth", instead of using other platforms as kickstarter. There is also being used by coinomat, a real bussines which pays weekly dividends and which is in expansion, it's also used for multigateway, which is the most secure way to trade bitcoins at the moment, also used by nxtty, the messaging app for android and IOS, and many other assets which although not give beneffits short term, is where people who believe in crypto invest for get this ideas developed, and correct me, but this ideas are much more serious than all the shit posted in this forum, all the james assets which you critic are at least in development "I'm personally not investing a lot in this assets, because I think that for when they start paying dividends, the nxt value could be much higher and I will never recover the nxt ammount invested", but I bought shares in other projects for which I don't even expect to get dividends but help fund them which would beneffit the whole system, for example the mentioned game or the consensus asset for make a scientific study of POS in nxt.
So as you can see, is being used currently for interesting things, and the potential uses are MUCH more, but for now, it only have one year and is doing most interesting things than bitcoin... when I download the most advanced bitcoin wallet, the most I can do is SEND COINS "incredible :O " and is 5 years old...
I'm not going to talk about other features which are coming or already in use, but there are many other example of things going on, when people realices that if they buy nxt they will get a bigger share than if they buy bitcoin price will go up very fast, but there is to much people trolling nxt, I personally don't mind the price yet, is a plattform very usable independently of the currency value.

Make me know your points against my thoughts for further discussion Smiley

Again the point here (the points you make, actually) is that there's NOTHING of any conventional value that in any significant way, is traded on any of those initiatives. It's next which buys nxt ventures, which can be sold for BTC which can be used to buy next. going on circles and going nowhere. You cannot actually trade them for dollars oRr any other fiat or perceived holder of wealth such a precious metals or stones. And those "assets" give you "dividends" that are, again, next. Or Atomic. Or supernet. Or any other shit... no business is generated. No traffic/advertising, no sales of any goods or services outside of overpriced crypto-friendly shit no one in the real world wants. It's like playing with marvels that go from one pocket to another and never serve any purpose than the actual playing with them. Children's games.
1492  Alternate cryptocurrencies / Altcoin Discussion / Re: JPC and MAX gonna rock your face off ! Babymetal style :) on: November 25, 2014, 04:47:06 AM


Would you go as far as to say Etherum is part of this series of gimmick coins?

No. And I believe I have posted already somewhere that I believe Ethereum is owned, mainly, by conventional corporation which expect the final tech to provide applications that they can use in conventional tech.
1493  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield on: November 25, 2014, 02:43:39 AM
blaming mongoose for NAUT losing value is completely ridiculous. Thats all.

Nobody has blamed moongoose for such a thing, as far as I know. Certainly not me. My blame is that someone with the official position of liason with the devs, acts very irresponsibly hawking and cheering the coin while the coin loses 80% of it's value. It is not responsible, ok? He's not free of giving the same bullish opinion over and over and over, because, opposed to any other posters, he is kind of a member of the team, he has access to information that other posters don't (until he posts it) and, therefore, as he himself confesses, he buys the dips and hawks the coin afterwards trying to convince people it is a "no brainer" or "it's going to the moon" or you "will be very rich if you hold it for a few years". You are quite free top post such things or the opposite, if you have no inside information or are an officer of the project of some kind. When you are, as "mongoose" is, number one, you should be relieved of your position after having going along for a ride of 70% downside all the while claiming it's the best and soundest investment in crypto and, number two, for a modicum of decency, you just keep your mouth shot except to rigorously relay the information it is given to you to post in in the thread, because if not, it isn't just your handle which is ridiculed day after day, but your credibility is destroyed and so is the credibility of the devs that leave such job to someone so obviously inappropriate for it.

Have your ever heard any officer, let alone the PR person, of ANY coin, any at all, say the things that mongoose have posted here all the while NAUT was losing value for those who invested in it, to dramatic proportions? He would be immediately fired and closely investigated by the SEC. Just because we don't have regulation yet it doesn't mean we are not to behave like it is was here already... being that the second main asset of this project -closely ligated to the main one-, is precisely to be cleanly positioned for when regulation arrives.

I hope it is quite clear now that no one gives any credit to mongoose for the harrowing losses of this project, as you posted in a misguided attempt to deviate the subject from it's substance.
1494  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield on: November 25, 2014, 02:30:38 AM
Hey Barrabas, why don't you contact BK or Julian over twitter?

You know you won't get a response from them here so why return?

PS if mongoose wants to stop Barrabas from spamming the thread I'm fine with that.




barabbas doesn't do twitter. If they have a thread here it is their OBLIGATION to communicate HERE. And, optionally, wherever else they want to.

mongoose (and you) may want to do whatever it is you want to do. Last time I checked -and that's one of the main reasons why I invested in this coin-, this thread was unmoderated, therefore everyone, including you, is free to post stupidities and sine quiturs. Like you. And it is not to me or anyone else to be "fine with that". Now, disengage, please.
1495  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 24, 2014, 06:28:49 PM
There's (another) terrible misconception in all the potential ideal uses of crypto, smart contracts, etc. Most devs are focusing on ways in which the customer will pay for the goods or services, the provider/seller will get their payment and there are no returns, since the operation can't be cancelled.

Well, anyone who has ever procured a product or service very well knows that returns (and chargebacks) is a (huge) part of the business. You simply cannot eliminate them... nor you would want them because if there's a sure-fire way to a fail business is a string, even a small one, of unsatisfied customers. That's the absolute no-no on ANY business (legal ones, that is).

So you have, for the most part, geeks that have never worked a day in their lives, that have never had any money nor purchase anything other than a playstation, making decision about how successful business should be conducted in crypto that merchants have not even heard of and are already extremely wary of selling in BTC because, to preserve their minimal profits, they have to pay the fees -more than credit cards- to BitPay... It is a lose-lose-lose and then LOSE proposition. And one more reason why this hobby of nut miners is NEVER going to come forward in a significant manner in many years to come.

IBM, on the other hand, would implement the parts of the tech that are innovating and usable in their suite of products and services already commercialized.

And by the way, through the internet and with very basic applications, you can already do all of that that you mentioned, from your Ipad. From opening doors to set temperatures, record programs on your DVR, the temperature of your fridge and a lot more... all for free. Already. What was the use case for those, you were saying? It seems to me first generation when, the real world is already it is 7th or later iterations of the same thing... without additional costs.
1496  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SFR] SaffronCoin | Decentralized Exchange to release soon! on: November 24, 2014, 06:11:24 PM
Even if the wallet takes 10GB ... so what, we are talking about 0.03 USD worth of disk space.
http://www.jcmit.com/diskprice.htm

Roshan didn't reply because he has better things to do (like working on the decentralized exchange for instance Smiley). Fixing that message would take about 30 seconds and I seriously doubt if that would have an impact on the price. Try harder to find something that's really wrong.

Oh he must be using his time real productively, the coin is 40% down "only" in the last few days so why pay attention to pesky details such as if the wallet is 10GB big or just an uncorrected mistake, right? He must concentrate in that absurd idea of a decentralized exchange that, if it ever works, will get the project shut down and him thrown in jail because people traded illegal drugs and other illegal items in the exchange. That HAS TO be a priority. Indeed.
1497  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SFR] SaffronCoin | Decentralized Exchange to release soon! on: November 24, 2014, 04:45:56 PM
I think the answer was given before, 10GB is the default announced by the bitcoin wallet, and saffroncoin's wallet is based on it Wink.

My saffroncoin's wallet is less than 300MB Smiley.

Why on earth would the saffron wallet have the "default announced by the bitcoin wallet" then? Sorry it isn't that I don't believe you, I want the dev to clearly answer the question and, if you are right, to change that immediately for it would scare anyone that would like to take a closer look at how the impressive wallet works. It isn't too much to ask, is it?
1498  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 24, 2014, 04:27:36 PM
Thanks Barabbas for this thread! It's eye opening as always :-))) and hopefully the naive, wannabe be rich new crypto investors will start their journey into this market (and inevitable disappointments) by reading your fists post.

As for the prospects of digital currencies general, there are a very few concepts that due to their use case will survive. For example, Ethereum must have a place in technology world because it provide users with solutions to real business problems. Ethereum's smart contracts are useful in solving many real life business problems from autonomous companies to decentralize crowd funding -  in contrasts with the +500 BTC/LTC clone that are completely useless.
There are a few other interesting experiments that could be successful. Lately I am very interested in these projects

https://bitcointalk.org/index.php?topic=864895.0

https://bitcointalk.org/index.php?topic=854280.0

This type of ideas that solves a real business problem in my opinion could be survivals. There is no chance any altcoins could compete with Bitcoin, and I expect that the surviving alt currencies will be specializing to areas like AI, IoT or recruitment.


 

The way I see it, as you know, Ethereum is already owned by the real world, not by crypto alts enthusiasts. If the tech is usable, IBM or others will implement it along their blockchains and profit from it the old fashioned way. Let me be quite clear about this: NO DECENTRALIZED MARKET OF ANY KIND WILL BE ALLOWED BY LAW ENFORCEMENT ANYWHERE.. Decentralized smart contracts? I don't know about those. It could work but they solve only one part of a very complex operation that includes VERY centralized import/export laws and taxes and transportation. So yes, obviously the tech is valuable but of no real possibility of actual use in crypto, so why even bother: First get people to use crypto; then get those people to use alts instead of Bitcoin -good luck on that one-, and then tell me why would people choose to use Whatevercoin rather than Bitcoin... mind you, ALL tech will be open source and therefore available equally to Ethereum than to PESA...

Those two links that you have posted, number one are as far as they can possibly be from any even partial understanding as a use case scenario, from... well, anyone, let alone the people in crypto. They are software and hardware products. I don't know how advance the tech behind it or how marketable in a price to cost basis. That is a very different -and much more conventional- approach at your average business. I read, for instance, that one of the applications one of the guy's is selling is the ability to open a garage door for a cost of $5.00 per year... that is simply ridiculous. The tech exists, in many varieties, already implemented and distributed the world over and for much less than a subscription of $5.00 a year. Completely ridiculous. If you are going to come up with a "conventional" business to support a crypto alt project, first sell me the pen of the business with facts, figures, demographics, float of hit the pavement sellers (real ones, the ones you actually have to pay salary AND commissions) and budget for the whole shebang, otherwise you are just jerking off and not talking viable business.

The AI project and the impulses than somehow bring commissions or fess to the holders, I frankly did not get it. And you know the old adage: If you cannot explain clearly your business proposal in 3 minutes to anyone so they fully understand, you don't have a viable business.

As you know, having a viable business in the new trend behind crypto alts. BRO just brought it up and I still believe it can be a great idea with immediate use for the coins and guaranteed -well, somehow- increased valuation ... IF (huge IF) the underlying business is successful. They have come with a full blown online casino. Good luck with that. It isn't precisely a virgin field. Why would users go there and not to any of the about 3000 other already established casinos online, all of which accept bitcoin -and some other coins in some cases-? It will, naturally, depend on two things: promotion/ incentives to players and quality of the overall experience. It is quite difficult to break the habit of otherwise satisfied customers to try new environments. Especially in gambling/gaming. A lot of factors play a role, not the least of which is perceived "luck". Can it be done? Of course it can. But it a harrowing proposition.
Therefore, they collected 275 BTC. Not bad for just an idea... supported by a dozen celebrities in the World Poker Tour. And, IMO, as good as a collection as anyone else is ever going to get in crypto... unless the right hand is paying the left hand, of course.
1499  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 24, 2014, 04:05:52 PM
The answer is as simple as this: There's no BTC available. No liquid money in Alts.

So Ethereum collected what.... 13.000 BTC? (edit: 23,804 BTC)
SuperNet was uh... 5.000 BTC?
And even that shady BlockNet thing got 2000 BTC last time Iv'e read.

If that's an illiquid market, then I want to see the liquid one.

Quote
Everyone is fully invested in bags that hold losses from 70-90% and higher and expect rebounds to cut those losses somehow.

Are you possibly speaking just about yourself?
NXT assets did great - I have 500% from the last half year on average on them. Check out their mining assets - some still do 10% returns on a weekly basis!
Maybe you shouldn't have limited your view to strange new coin IPOs.

Quote
Just distance yourself from your current involvement and ask your common sense: Is DOGE worth $21 million? why? what can you do with DOGE?

Think about it this way: Microsoft just recently bought Minecraft for $2.5 BILLION! Why? Because of the active community - it is next to impossible to build this artificially. But it's worth ... well... billions!
Now you can about make an comparison to Doge - and if $20M is overvalued.

Else I can only talk about NXT - but if you look at the ecosystem around it... the services, the community and all the active devs... it is insane that it's valued only $20M. Any 1 year old startup business with those achievements would trade at 10 times that at bare minimum.

Very interesting observations, albeit short sighted I'm afraid: Even if those projects would have collected those amounts, which is VERY arguable, for AS YOU KNOW AND i HAVE THOROUGHLY EXPLAINED, IN MANY CASES IF NOT IN ALL, THE RIGHT HAND PAYS THE LEFT HAND, even if the amounts were legitimate -which they aren't- the liquidity available is not unfinishable. Those would have been the recipients of basically what was left. So there's NO MORE, ok? Hence all the rest of ICO's, some of them very interesting, collect nothing or next to nothing.

The NXT assets: So you are a long time investor and  you are still doing great? Like how great? Because those investing in golden boy James Lee's ventures, including NXT ventures, are doing quite poorly or late... and bound to do even worse. So maybe you were lucky to get in for next to nothing, congrats. They were luckier than you... you know, the ones that got the initial distribution of NEXT, the 73 lucky ones? That doesn't change the fact that the coin has recently lost half its value... and in my opinion, is about to be halved again... or worse.

Finally, your most interesting point, the purchase of Minecraft by Microsoft. Good point but not applicable: You see, 20 million people across the planet actually use Minecraft many times a day, every single day. Not one, not a single one, can buy practically anything with Doge. Not a single one. You see the difference? Instead of using Doge they are... guess what? playing Minecraft. I know you get the gist bof it. Of course users have a very significant and quite specific value, be it Alibaba or Google or YouTube or Instagram or Twitter or Facebook. NOT the DOGE or any other alt or crypto community. There's nothing to be used, nothing whatsoever.

And therein lays the problem... and your otherwise very interesting observations.

As for the actual usage of Next platform for real business, please do not tell me what can be done with the platform but actually what IS BEING done with it. I don't follow that too closely but I get a lot of otherwise unqualified comments to the absurdite and inefficiency of it all. Those bearer of such opinions, must be quite wrong, right? Exactly which business have you created on that platform and how successful have you been in this year?
1500  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 24, 2014, 03:30:34 PM
man, you're pretty late.
The shit is worthless already. Can't be worse now.

It is about to be quite worse actually. In a hurry. Just watch.
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