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Alternate cryptocurrencies / Altcoin Discussion / Re: [Vote] Decred. Genius Innovation or Utter Shitcoin?
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on: February 25, 2016, 05:38:32 PM
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There is a reason crypto mining is called Proof of "Work", i.e there is actual energy from processing power and electricity put into minting coins which gives it inherent value. Well you know what, they did the work too in developing the coin with the original white paper dating back to 2013 and they've been working on it since. Work & labor is measured in more ways than just flipping on your mining software.
And for once they launched a coin that is actually working with features right from the onset instead of another lame "hey we got this really good idea, we just need 2 years to do it and an ICO to get it off the ground"
In my mind they earned the premine, and with the small supply and strong holders from the airdrop I predict it can be a top 10.
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166
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Economy / Speculation / Re: Bitcoin value is 440+
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on: February 20, 2016, 09:07:53 PM
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Why sell for pennies? Wait until btc enters the x,xxx zone
It's funny how the community gets so excited to reach half the original ATH lol. The good thing is I think when we hit the coveted $1,000 mark again, it will be alot quicker and easier to go from $1,000 to $2k and beyond than from $200 back to $1000.
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167
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Alternate cryptocurrencies / Altcoin Discussion / Re: [VNL] Vanillacoin, a quiet word of warning.
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on: February 20, 2016, 09:04:46 PM
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I suggest you look up the phrase 'opportunity cost'. It doesn't mean that someone earns something. It means the potential of earning. And don't know what is wrong with your eyes but $200,000 - $500,000 is a range. And I don't know what rock you've been sleeping under, but college grads with no experience get $200,000 offers at Google. I was earning more than that in 1995.
Google "Average college salary" and "The overall average starting salary for Class of 2014 college graduates stands at $48,707, up 7.5 percent from the average of $45,327 posted by the Class of 2013 at this time last year, according to NACE's September 2014 Salary Survey report." Unfortunately were not all as blessed to be hired as Scroogle coming out of school with no work experience. But anyway the point stands, why is the dev of Bitcoin core and someone who says he routinely can/or/earns between $200k and $500k arguing for a year with the developer of a sub $1m dollar alt coin? (probably even sub $200k at the time Maxwell first got into it with JC) That makes even high school dropouts raise an eyebrow. I saw this same phenomenon the other day when a lead Ethereum developer saw the volume on Expanse and got butthurt on twitter about it, getting absolutely angry over an asset worth 1/500th of his, is this what keeps the elite up at night?
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170
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Alternate cryptocurrencies / Altcoin Discussion / Re: What happened to Bohan Huang?
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on: February 19, 2016, 04:43:44 PM
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I've caught his IP address running nodes. This address along with a few other IPs out of Sydney have been running non-stop since his disappearance. You couldn't connect to Uroex.com for over a year, yet the other day I went on and this message popped up then it disappeared a few hours later. Now if you go to Uroex.com you get this Don't know what to make of it, just throwing it out there.
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174
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Expanse (EXP) - Fair Launch, No ICO, Community DAO, based on Ethereum
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on: February 14, 2016, 08:40:45 AM
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Ugh. Guys, I spent way too much time reading your stuff, fancy presentation, and everything else. I almost got excited, and then I finally figured out there was essentially a 10% premine. Come on, why do people insist on doing this!? Yes, I know you are vowing to use it for development costs. It still doesn't excuse it.
Well you know the good thing about the DAO concept, I would think if you don't like it you could vote to burn it in theory if you get enough consensus. Also I'll ask the reverse question, is there any excuse for devs working for free to make others rich either? I personally wouldn't have done EXP's branding if I didn't get paid from the bounty. I don't mind premines, most crypto projects fail because devs have no incentive to keep working on a project if there is no financial reward involved. I don't work for free, so why should others?
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178
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Economy / Speculation / Re: Hard fork and price - beside the panic
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on: January 18, 2016, 03:43:43 PM
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Hard fork will be worse than the crises so far - because those who will buy coins from one of the forks will eventually lose their money. But yeah - after some turmoil the market will adopt - and next time a similar event happens it will be 'just normal operation'.
The interesting question is how that adaptation will happen.
I see this as a BIG problem for cryptocurrencies. It's hard enough to get most people to upgrade their operating system once every decade, how do we expect them to know how to and maintain and update a Bitcoin wallet with money inside? This is one reason I never see banks going away, joe public just doesn't trust holding their own money.
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179
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: New [ANN] [$XSEED] BitSeeds - Rainforest Foundation Charity - SHA256 PoW/PoS 10%
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on: January 18, 2016, 02:45:31 PM
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I've also been keeping an eye on the whole Bitcoin scalability debate that's been raging for a while now and discussed it with Luke and we're going to go with a 4MB block size limit instead of the 2MB one originally planned for the relaunch (already increased from the current size) and we're also looking at incorporating a couple of the newer BIPs (Bitcoin Improvement Proposals) to add to the scalability and security of BitSeeds.
Nice to future proof things now and it will also give Bitseeds an edge that Bitcoin doesn't have. What BIPs in particular if you don't mind sharing?
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180
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: crypsty hacked over 1.5 yrs ago. 13000 BTCs and 300,000 ltc
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on: January 15, 2016, 04:45:32 AM
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..and another one bites the dust.
Decentralized exchanges need to happen. Instantdex or Etherex, whoever, hurry up
...or people just need to stop trusting their coins with former porn tsars and magic the gathering trading card dealers. There are plenty of big Bitcoin exchanges that are fully insured in the event of theft and funded by respectable business people with a reputation to keep, problem is the alt world is alot murkier.
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