Any word on the network 

Ironically his son is interested in Bitseeds, too bad they can't get their f'in network to work. But this does indicate he knows about crypto.

https://coinreport.net/will-bitseeds-xseed-germinate-terminate/

"This brings the cost to enter data back to the expected $0.001/KiB"

So if I have my math right, that is roughly a dollar per megabyte of storage, so to store a duplicate of the Bitcoin blockchain on the Bitcoin blockchain would cost roughly 46,000 dollars?

The multi-stake platform was interesting albeit its fatal flaw was it were centralized.

This is really off the cuff and it would need to be hashed out more and some of the details figured out, but one idea I had was this:

Turning XBS into a sort of crypto-ETF or virtual bank where it unites a basket of currencies.


One problem with POS coins is the lack of people actually staking for various reasons, whether it is pure laziness, the interest is not high enough, etc.

Imagine if you had a multi-stake, multi-coin wallet made up of a handful of crypto's best and most legit POS coins.

The idea is let's pretend I have 1,000 blackcoins, 1,000 peercoins. Heck it doesn't even necessarily have to be staking coins, just crypto's best coins in general.

I deposit these coins in my multi-coin wallet and am encouraged to hold onto them rather than dumping them on the market.

The more of these coins I hold, when it comes time for the network's staked XBS to be paid out, the coins are distributed only among those holding other currencies, more rewards being awarded to those with a higher account value. So it encourages saving of other currencies which helps stabilize THEIR markets and hopefully can give value to XBS.

As for how this makes XBS valuable, I still need to hash that out more. Perhaps the lending feature can be implemented in the wallet where one can lend out other currencies and XBS is used as some form of collateral? Perhaps one can trade staked XBS for a basket of other currencies? Maybe the staked coins from these other POS coins is burned for XBS? still need to figure that out.

Another idea too is not necessarily to bundle even POS currencies, maybe one can bundle POW coins and it encourages people to hold these POW coins and earn staked interest on them through XBS which encourages people to not mine and dump these coins immediately.

Basically though the idea is to give a true value to XBS through the power of other currencies. I'm sure there is a way to do this.

To sum it up, imagine a scenario where you were paid to hold multiple coins in an Electrum-like wallet. The challenge now is figuring how how to make these XBS coins worth being paid in the first place.

He's nuts, Uro's been dead for almost a year now yet he is still tweeting and posting in the scam thread the same junk over and over.

Anyway I was being facetious when I talked about taking the coin over but it's not a wholly bad idea, the coin has a catchy name and a low supply. Perhaps it can be salvaged.

I however can't code a team would need to be put together, and I'm not interested in committing the time unless there is genuine interest here. Also I have no interest in just forking something, giving
it a facelift just to do an exit pump, that is silly. It would have to be something that would be unique and value-lasting.

What do you guys think?

There is a difference between regulating the usage of the currency and regulating money changers who trade in and exchange the currency. Personally I welcome regulations so legitimate businesses will be able to offer services to the big money types who wouldn't ever feel safe depositing their wealth in some shady East European exchange.

Your painfully hilarious goodbye post blaming me for your troubles proves in the end I was right.

Did I sign up with bitstake.co? Of course I did, I wanted to see if this shit really worked, it never did though!  You would also know since you apparently spy on your user accounts that I never deposited a single coin in the exchange so I'm not sure how that makes me a "fan". Also how childish to "ban" a customer account because you don't like them! Hell you even banned me on Slack & twitter with all 3 of your accounts. Are you that afraid of criticism? And you wonder why I would hit back even harder?  And how many times did you lock this thread and delete posts over and over? I even recall you deleted some other users positive posts because you were in a desperate bid all over the place to control the flow of information.

Did I use an alias? Of course, because it was more fun coming from a parody of our friendly pump and dumper "DrMike," (no relation) but hey crypto is a thankless job, I warned people about Darkcash, Zetacoin, Shieldcoin, probably a few other scams, got called a fudder and other nasty names but in the end I was proven right on all of them and I tried to warn the community about Bitstake after discovering the same schmucks behind alot of other scams was behind this but nobody listened. Believe it or not there are some people who give a shit about what goes on in this community and try to protect it from the wolves because it damages the community as a whole.

Anyway farewell Ray, hope you leaned the value of good PR.

$10? So a $50 BILLION marketcap? Let's be realistic here...

I wish all respectables CEOs got onto forums to argue with people and call them idiots instead of you know, using a PR firm and writing press releases to counter FUD.

I've only even known about Banx for 3 days and already I see the writing on the wall to stay away from this.

http://www.coindesk.com/blockchain-factom-400-funding-11-million-valuatoin/?utm_content=buffer49f80&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

"The investment was provided by Kuala Innovations, which purchased a 3.64% stake in the company for 400,000 Seed Series Shares at $1 per share. According to a statement by Kuala, the investment gives Factom Inc a pre-money valuation of $11m."

It's not wholly unreasonable when you consider companies like Twitter which produce practically nothing are valued at $30 billion dollars or Facebook at 90 billion.

You're gonna love my nuts!

I wasn't aware you could invest & trade in the lesbian, gay, bisexual, and transgenderl community through Banx, why didn't Max Keiser think of this?  

Yes but the coins that are used get burned so I would think that nullifies the high inflation rate.

Yes but we also had the triumphant return with the Nintendo Famicom/NES entertainment system. The question is which crypto project will be the Nintendo?

A better question is why would I fumble with pulling out my $600 cell phone, and handing it to some pimple faced dweeb through the drive-thru at Mcdonalds to buy a $2 coffee?

I think people here overestimate how many people like using their phones to pay for things. A plastic card is and will always be the most convenient and easiest option.

There is a reason Bitcoin is called the currency of the internet, it's better it stayed on there along with other alt coins. Sure there's a crypto market for small niche and hobbyist stores but overall I don't expect it to conquer walmart or fast food for many, many years if at all. I also see Apple and Android pay flopping badly as well (and already we have evidence Apple Pay is not taking off like they hoped)

Blame the 80% Bitcoin price decline since 2013, the fact is as long as alts are tied to Bitcoin, Bitcoin's failures will also mean the alt world will fail as well. It's all about perception and if people are nervous about Bitcoin it will translate into the alt market.

How many ways can we count bentach using the word "scam" in a sentence?

I got bored after only 3 pages of his 57 pages of posts.

You mean like SHA-256? Are you aware its creators, our friendly big brother at the NSA has now stopped recommending its use? However I don't think its time to throw away Bitcoin now is it?

Companies missions and priorities change, Google was once an open source advocate, now they are drifting into closed source applications. It doesn't mean however any work created in their path is suddenly worthless or cannot be developed further by other parties.