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1361  Alternate cryptocurrencies / Altcoin Discussion / Re: Now we Chinese can't visit BTT Forum In a normal way! on: September 24, 2014, 03:55:23 AM
simple, overthrow government and install freedom.


http://en.wikipedia.org/wiki/Warlord_Era

Last time China had freedom it didn't work out too well..

1.3 billion people, how do you control them other then with a strong central state and an even larger army?  This is why it is a joke when people say China will conquer the world because most of the Chinese army is already occupied with the millions of protesters and uppity Governors who are looking to secede if given the chance.  Why be a Governor when you can be a President of an independent republic?


1362  Alternate cryptocurrencies / Altcoin Discussion / Delete on: September 24, 2014, 03:20:06 AM
Will have to recreate with moderation due to newbie trolls derailing thread.
1363  Bitcoin / Bitcoin Discussion / Re: Looks like the scam U.S. currency is attacking Bitcoin again on: September 24, 2014, 03:09:07 AM
I remember max keiser before adopting pro bitcoin rhetoric saying that the world would be flooded with fake digital currencies.
Well, that happened. There are 487 known altcoins. Anybody want to buy a Bytecoin, or a Darkcoin, or a Joincoin?
None of these altcoins are "fake", I would generally consider them to be a scam, but certainly not fake. I would say that the creators of the altcoins are generally trying to take advantage of the "hype" that crypto currencies have and wish to profit. In theory one of the altcoins could overtake bitcoin in terms of popularity, use or market cap (although I would doubt it)

99% of them are fake.  Fake in the sense of being scams or reskins of Bitcoin with a few trivial improvements and yet these coins are sucking in huge amounts of $capital (no idea how or why).

1364  Alternate cryptocurrencies / Altcoin Discussion / NxTers call BitsharesX and Ripple scams, LTC dying, Doge and Peer to be pumps on: September 24, 2014, 02:54:06 AM


From the NXT forum
Source:  

https://nxtforum.org/general-discussion/why-did-nxt-lose-its-place-from-3rd-in-the-ranking-of-market-cap/msg106569/?topicseen#msg106569
1365  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Qora | Released 16 May | 100% POS | New Source on: September 24, 2014, 12:01:50 AM
What's Rabbiter's position in Qora?
1366  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Songcoin Revolutionize the Music Industry? on: September 23, 2014, 04:49:28 PM
Sounds like the next wave of $hitcoin niches like those XXX coins (XXX, Sex Coin, Wank Coin) and the country coins.

We can put disclaimers and warn all day but people don't really listen.  If you actually want to make money off cryptos then you have to stick to the 2.0 currencies, imho.
1367  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [AИN] NODE - 2n Gen. CryptoCurrency build from SCRATCH on NODE.JS - Brand NEW! on: September 23, 2014, 02:27:51 PM
Why is the price so low  Huh

The people who got free stakes are dumping for some BTC, this is normal for a new coin.

If that were the case then the price would be going down, no?  There's just no price building which indicates a lack of buyers.
1368  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [AИN] NODE - 2n Gen. CryptoCurrency build from SCRATCH on NODE.JS - Brand NEW! on: September 23, 2014, 02:17:45 PM
When was the last time developers replied?  Maybe they're gone?   Huh
1369  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT hacker tried to blackmail Jeff Garzik and called Swat team on Garzik? on: September 23, 2014, 01:58:10 PM
To label a community due to action of one sounds pretty stupid to me

Absolutely

Plus I still don't see a connection between this "hacker" and NXT.
Can somebody help me there?

I modified the thread title for now.  I couldn't see any reference to NXT on that guys' twitter handle.
1370  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT hacker tried to blackmail Jeff Garzik and called Swat team on Garzik? on: September 23, 2014, 01:47:14 PM
Nothing more then the old Bitcoin people against the NxT people. Last year it was fun but these year its just boring storys...

What happened last year?  I knew about NXT in 2013 but I didn't really see anything with Garzik or any Bitcoin developers..


Sorry for my nescience but who is Garzik?

https://en.bitcoin.it/wiki/People

He is Bitcoin's Satoshi Wallet's core developer and also at BitPay.

1371  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT hacker tried to blackmail Jeff Garzik and called Swat team on Garzik? on: September 23, 2014, 01:43:34 PM
Nothing more then the old Bitcoin people against the NxT people. Last year it was fun but these year its just boring storys...

What happened last year?  I knew about NXT in 2013 but I didn't really see anything with Garzik or any Bitcoin developers..
1372  Alternate cryptocurrencies / Altcoin Discussion / Hacker tried to blackmail Jeff Garzik and called Swat team on Garzik? on: September 23, 2014, 01:39:12 PM
https://twitter.com/jgarzik/status/514392176797560832
https://twitter.com/SoH4rd/with_replies


I don't really understand what happened but some hacker was trying to blackmail Jeff Garzik threatening to disclose Garzik's location and to call the SWAT team on him.  Huh

 Only for the blackmailer to get attention from the police himself?
1373  Alternate cryptocurrencies / Altcoin Discussion / Re: Is NEM the first alternate to have its' own song? on: September 23, 2014, 11:02:14 AM

@taunsee blackcoin actually looks slick like this these days:  /I don't have BC though

The UI may had been updated from the looks of it but it doesn't really erase history.. obviously this coin was just a fork of BTC (see original wallet) that came after Peercoin / NXT and tried to upstage the PoS concept from them.
1374  Alternate cryptocurrencies / Altcoin Discussion / Did Monero DDos / Hack Poloniex and frame BCX? on: September 23, 2014, 11:00:15 AM
https://bitcointalk.org/index.php?topic=793263.0

Really this Monero stuff is really looking terrible and I thought NXT community was full of 'morans' (intentionally wrong spelling).

Looks like the title of "Crypto Currency 4Chan" has been usurped from NXT by Monero.

Who is buying this Monero stuff if they are hacking exchanges now?   Huh
1375  Alternate cryptocurrencies / Altcoin Discussion / Re: Is NEM the first alternate to have its' own song? on: September 23, 2014, 10:56:01 AM






Well that's was expected because Blackcoin is technically a $hitcoin, a marketing gimmick that sucked in a lot of money from gullible people.  It's just a clone of BTC with a different name.

1376  Alternate cryptocurrencies / Altcoin Discussion / Re: Robbed more than 100,000 NXT on: September 23, 2014, 10:49:11 AM
I personally like the idea of a brain wallet really very much but in the end Nxt will have to change to a system with a local wallet.dat file because people are obviously too stupid to create save passphrase.

And I think any security that relies on that people can keep a file hidden on their harddrive is bound to fail too.
Consider that someone can steal your bitcoin wallet even in 20 years ... in many cases even some old file you left somewhere. And if you felt safe to use an easy password, then it will be broken in no time.

NXT's system is bad for short term PR, but better in the long term. Just wait for the day when some hacker sweeps all google-drives for wallet.dat's - that will be one big splash of hundreds of thousands of coins stolen.
If it's really just about 3 public cases where likely it was a brute force attack, then it doesn't seem a bad payoff. Time will tell.

Yeah but this starting to be slippery.  Keeping all your money under your mattress or in a trash bag is bound to fail too.  This is why in the long run crypto currencies, ironically, will probably result in crypto banks and these crypto banks will probably engage in fractional reserve banking (ironically we create these cryptos but end up back at square 1)
1377  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CRAIG] CraigsCoin | CLASSIFIED ADS ON BLOCKCHAIN | 5+ POD | ICO IS OVER! on: September 23, 2014, 09:59:13 AM
IBM said they were interested with Ethereum's blockchain technology but not for digital currency purposes.

I did a quick google search, most links seem to be from coin news outlets. Any other news services reporting this ?

Originally there was a twitter post by one of the Vice Presidents of IBM, but maybe he has since deleted that Tweet (wouldn't be the first time).

1378  Alternate cryptocurrencies / Altcoin Discussion / Re: Robbed more than 100,000 NXT on: September 23, 2014, 09:57:41 AM
Aren't they different targeted audiences?  I thought the anonymity coins NXTers only care about is Boolberry or BitcoinDark.
1379  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: September 23, 2014, 09:47:14 AM
I'm sure he was making a joke because I've been looking at Jinn for a week now and never saw any IPO / ICO anything anywhere.
1380  Alternate cryptocurrencies / Altcoin Discussion / Re: Robbed more than 100,000 NXT on: September 23, 2014, 09:40:38 AM
It's curious that pass phrases from hacked accounts are almost never posted, as if the victims know it's their fault they chose a weak password. Posting a pass phrase also helps confirm that the the claim is legitimate, anyone can use the pass phrase to log in to the hacked account to check whether the pass phrase really matches the account.

In Bitcoin the hacker has to steal your wallet and the passphrase to gain access. Here just the passphrase and its gone.

If you still can't see the serious lack of security then this a big problem.

That is where NXT and even NODE fails, imho.  I have no idea why people are doing this mandatory brain wallet stuff..  it's always going to be a bad idea in the long run.  NXT is bringing an *optional* wallet.dat but I strongly suspect being optional that it'll really just be cosmetic (people would still be able to access your brain wallet equivalent).

NEM is weeks from launch and I think that's the most secured wallet due to wallet.dat, username login and password requirement.
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