423
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Bitcoin / Press / Re: [2014-09-18] Bitcoin Core Developer Jeff Garzik Believes NXT is a “Scamcoin”
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on: October 08, 2014, 04:20:11 PM
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The original claimant has the responsibility to offer falsification. Popper may not be dead, but this is a basic axiom of science. NXT users claim that it cannot become permanently centralized. They offer no test to verify if it is decentralized. They just say so.
Isn't the original claimant here Jeff Garzik? He posted accusations, he has the responsibility to prove. So far there's been no proof whatsoever. And you guys attacking NXT are just piggybacking on Jeff's accusations, possessing no proof either.
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427
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Alternate cryptocurrencies / Altcoin Discussion / Re: Getting a 100% Premined Cryptocurrency
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on: October 08, 2014, 09:56:26 AM
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Issue it on NXT Asset Exchange. Cost to issue your tokens: ~$30. The advantages are you don't need any coding skills (but if you want to sell it in the game you will need coding skills to use APIs of NXT to automatically distribute currency to buyers) and a large network of nodes that ensures your game currency is taken care of technically and you don't need to support the infrastructure.
You can do the same on Dogeparty platform (but they are fixing issues now and the platform is not 100% useable) or Counterparty (useable but slow).
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428
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
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on: October 08, 2014, 09:45:23 AM
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The price is going down it seems, is it still cheap or was this a one time pump?
If Overstock starts trading their shares on Counterparty platform, there is a high chance that they will issue a OVRSTCK/BTC trading pair and that trading pair would enjoy most of the volume. As far as I know Counterparty allows asset-to-asset trading. CEO of Overstock being invested in Bitcoin and being the market maker for their own shares would be willing to support the price of Bitcoin, and would only need a small amount of XCP for transaction fees. Same would go for buyers of Overstock shares. It's not clear how this would help drive demand for XCP.
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432
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Bitcoin / Bitcoin Discussion / Re: It's about time to turn off PoW mining
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on: October 07, 2014, 05:35:10 AM
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NXT uses automatic rolling checkpoints 720 blocks deep in its bootstrapping phase (which is now). After it is out of the bootstrapping phase and Transparent Forging is implemented, this window should be only 10 blocks deep.
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433
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: October 06, 2014, 06:44:39 PM
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he said the "the technology is cool, i have my doubts about the currency, but the technology will be around".
Sure, but he doesn't understand details of it, just the basics.
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436
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Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin has reached the tipping point
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on: October 06, 2014, 04:59:19 AM
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If BTC collapses, why would anyone buy another crypto? It would just automatically be labeled a scam "just like BTC was".
Many people think BTC is scam right now, this doesn't stop you from buying it, does it? The key is to make a crypto that provides unique use cases and doesn't have the flaws that BTC has. One of the flaws of BTC and most other PoW cryptos is fiat leak due to mining expenditures, which makes this prolonged and sharp price decline possible. BTC market cap is now only $4 billion... And virtually all of that went to ASIC sellers, exchanges... Scammers, gambling peddlars, and rip off artists that build ATM machines that fleece you for 9%. Every Bitcoin Meetup I've been to is full of scammers... HOSTED BY SCAMMERS... This forum is crawling with "celebrity scammers". That makes it extremely expensive to use Bitcoin... Credit cards and PayPal are way cheaper... and way more convenient. Oh, when your accountant thinks talking about Bitcoin is "cool"... That means the hipsters are LONG GONE. I understand your sarcasm, but would like to just point out market cap number doesn't represent how much $$$ was invested. A lot of Bitcoins are not for sale.
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437
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Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin has reached the tipping point
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on: October 05, 2014, 03:43:11 PM
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If BTC collapses, why would anyone buy another crypto? It would just automatically be labeled a scam "just like BTC was".
Many people think BTC is scam right now, this doesn't stop you from buying it, does it? The key is to make a crypto that provides unique use cases and doesn't have the flaws that BTC has. One of the flaws of BTC and most other PoW cryptos is fiat leak due to mining expenditures, which makes this prolonged and sharp price decline possible.
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440
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Alternate cryptocurrencies / Altcoin Discussion / Re: Cryptocurrency with the best distribution?
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on: October 04, 2014, 11:40:17 AM
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Any PoW crypto is weak due to fiat leak. There you go, almost makes a rhyme. Electricity/datacenter renting fees are the sword of Damocles overhanging PoW economy. With the looming exception (still to be confirmed) of those PoW cryptos that mine most of their supply quickly enough and then go PoW/PoS, PoS, or use a different mechanism to protect their network but at the same type do not stay very inflationary (auXPoW in Doge, 5-algo in Myriad although the prospects of Myriadcoin are bleak due to no meaningful community). But you probably will refute this argument for some reason, and it's ok
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