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2401  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AIRcoin - 19th Largest Cryptocoin by Marketcap on: March 20, 2014, 07:27:42 AM
this doesnt make any sense people are trusting traders? Does anyone here know that wall street cant even beat the dart board? Why would I want someone to invest for me? Thats stupid. This does not appeal to the type of people that use crypto. Even if it succeeds it makes no sense to me. They are so scared of putting it on another exchange? What does that tell you. It means that the coin can easily crash once it gets out of their hands. Besides would this not make the creates of this coin unfairly rich? Huh
2402  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: March 20, 2014, 04:25:54 AM
Real holders will keep buying... this is so much better than all other coins since it will eat them. Blackcoin will eat the DOGE.
2403  Alternate cryptocurrencies / Altcoin Discussion / Re: Blackcoin and why it could be really big // Intro to Blackcoin on: March 19, 2014, 10:27:45 PM
This will make anyone who invests in it very rich. Thats my opinion. The idea for the multipool is the most brilliant thing I have ever heard. They are taking value out of other shitcoins and I think everyone can support seeing Doge get sucked into the black hole!! In reality... all that needs to happen is the devs need to stay focused and honest. I really hope they do because they have come into something very brilliant that other coins will only want to copy. I saw black perform well in a down market! That says something. Their pool will easily become the biggest.

2404  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *PXL COIN* Mandatory Client Update / now supports Kimoto Gravity Well! on: March 08, 2014, 11:28:44 AM
I am glad you guys agree. I only brought it up because I almost advertised on his site. So I want to clarify one last time...

I bought pxl and wanted to place an ad. So I went on the site and saw I have to give 1 pxl per pixel (basically 100% of what I invested). Lets say I buy an ad that is 1000 pxl. Now I am an advertiser. Here is the problem: If the value goes up, I can not sell my pxl. I just gave it to the dev. That is what I mean by no equity! If the dev simply charges %5 to upload an AD and registers the wallet balance (advertiser needs to maintain the purchased 1000 pxl image with 1000 pxl but he pays 5% so lets say 50 pxl to the dev for maintaining his ad.) Now if the price goes up, the person advertising www.whatever.com can SELL his pxl. The dev will see this sale and remove the advertisement since the last holder lost position.

How does it currently work?
If I buy an ad for www.whatever.com I have to give all the pxl back to the dev. So if its 1000 pxl I give 1000 pxl. If the value goes up, the advertiser cant sell his pxl BECAUSE HE GAVE IT TO THE DEV!!! That makes no sense at all. It defeats the purpose of crypto. I am sure the dev is a nice guy but the model makes no sense. What makes it even worse is the dev can dump on the market whenever he wants. That causes inflation because now there are more PXL than there is pixels in circulation! Inflation will make the price drop and so will any dev dumps to profit. In order for any coin to increase in value it needs to be deflationary. Also miners get screwed because the dev will recontrol all their hard earned mined coins. Even bagholders are screwed because the dev will hold millions of pixels that he can sell at any time. That is what I mean by no equity. Now the dev says he wont dump the coins. So even if buyers take that huge leap of faith, it still wont work because any ADVERTISER WILL NOT PAY FOR AN AD THAT HE CAN NOT RESELL ESPECIALLY WHEN HE GIVES HIS PXL BACK TO DEV.

The fix?
Any prospective advertiser can resell his ad. So all he needs to do is pay the dev a fee for upload or a percentage. Dev will know who owns what by wallet balance since a wallet with a balance of 1000 pxl can be entitled to a 1000 pxl ad. (he would just pay a small fee to the dev to maintain or upload it) if the value of the coin increases the dev profits anyway and so does the miners and buyers since the dev is not controling the market by possessing a majority of its volume. His fees being smaller, would actually allow the dev to reap bigger profits since it would allow the market to expand. Peercoin is a fantastic example of this theory since they implement .01 ppc fee but its destroy through inflation. So the market maintains its value but can still increase in high magnitude.

Funny thing is, even if the dev wanted to make money off the current model he cant because he controls too much of the market. So the second he starts selling he devalues his own currency. That really is what a ponzi is. Wether or not the dev realizes it, its very similar to a ponzi because he effectively controls almost 100% of the market share. That damages miners beyond belief. He said earlier that he will "warn" people before he sells??? That makes no sense either because then people will dump the coin. That would destroy its value and the dev would not profit. He is either the one dumping or the one being dumped on! Now think about this for a second. Which would you rather be??
2405  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *PXL COIN* Mandatory Client Update / now supports Kimoto Gravity Well! on: March 07, 2014, 09:03:14 AM
I also noticed another comment you just made about "all the hard work of maintaining the site"... well yeah changing out images on a bitmap is not that hard. If you charge a percentage you will easily cover that expense. You can even contract that out to india for a dollar an hour. You would still make great money and probably better money since ads with equity have no limit on the increase in equity. But ads without equity are part of a pump and dump. I do web developement and its not as hard as you are making it out to be. You are insinuating value and lying to yourself in the process. I'm not the one you are effectively trying to convince. If you re-read your statements then you may notice the person you just marketed to was yourself. lol... The million dollar webpage was a viral meme type thing. It was original. This is not a win win because if an advertiser buys pxl and posts his ad, he has no equity other than a temporary spot in a very small sub-sector of a predominantly anti-corp target market. If however, you give the ads equity it solves the problem since they have resale value. But I'm not here to argue. I am not going to be revisiting this page I have put in my 2 cents. Good luck.
2406  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *PXL COIN* Mandatory Client Update / now supports Kimoto Gravity Well! on: March 07, 2014, 07:41:58 AM
He can dump his coins. If a person purchasing an ad has to sell his pxl back then the dev can dump those coins once the price goes up. Thats why it has no volume because its just another shitcoin but even worse than a shitcoin because the dev wants you to give the cions back to him for an advertisement on his page. Nobody is going to do that since they would rather pump+dump more profitable coins. Murraycoin has more volume than this coin. I bet you if I made Fishfacebuttnosecoin it would have more volume. Coins that actually have a purpose will do the best. Coins that are original. The dev just admitted no changes will be made to his business model so there you go. It will remain as the lowest volume coin on coinmarketcap. If the Advertisements have no equity then the project is pointless.

If the PXL can not be converted into an ad then the Advertisement is NOT a store of value it defeats the point of owning crypto. If the dev thinks otherwise
he is very very delusional.

The commenter above ADMITS! "This project will help the devs get rich" ...

I think not. And no whale will do anything with this coin because in order to pump it, he needs to convince other whales to buy it so he can dump it. Nobody will buy it knowing that pxl are resold to the dev for ad space. The ads need equity.

Here is the analogy. Its like buying a house but instead of living in it, you give the title to some random guy and he lives in it instead and he can sell it whenever he wants and you just sit with a dumb look on your face. The only option you have it to put a pixelated ad on his unoriginal webpage. The million dollar webpage has been done before. Its not original.

A page where advertisements are a STORE OF VALUE has NOT BEEN DONE. Its is ORIGINAL.

But I can see that the commenter earlier is delusional and thinks that this will somehow make him rich. If he gets rich I only pity him for not captivating the spirit of originality. Dogecoin was more original. If I spend 100 dollars on PXL and it appreciates to 10000 dollars why the hell would I buy ad space with it? What will happen before that is, the people who profited earlier will dump their coins on the market for BTC and pxl will go to dust. Why would they give it for free to the dev so he can dump on the market at any time?? Thats insane.

There is a reason why this coin has a 20 dollar daily volume and that will never change because the Advertisements have no equity.
2407  Economy / Gambling / Re: Pixelcoin - Is it gambling? Investment? Advertising? Artwork? You decide! on: March 07, 2014, 03:29:44 AM
Hey I posted in your other thread. ADs need to be resealable or it will fail. Nobody wants to buy a PXLs that they need to sell back to the dev, The
dev can then dump on the market whenever he wants. People with big money and whales will never buy it because their ADs hold no inherent value.

An ad needs equity!! How?? Make the pxl holder register their wallet with the site so if the balance changes they lost the position.

The people who say "Its a nice idea" have not actually tried to registered an ad and see what is actually going on. The price drop is from the fact that
an advertiser holds "NO EQUITY". Once they have a pxl and ad they sell it to the owner who claims he will not resell the pxl. But Bitcoin is a trustless
system and store of value. If their ADs hold no store of value then they will not invest. The model can be corrected:

*Instead of asking pxl owners to resell pxls, have them register their wallet with the site. This way, a registered wallet has to maintain the same PXL
balance in order to maintain their ad position. This way, they can sell their PXLs and effectively their AD position at any time.

This allows for advertisements that APPRECIATE which is a brilliant idea imho. If the dev does not do this the idea will fail because nobody will resell PXLs
to the dev because they instantly lose advertising equity. Easier to advertise using other methods like bots. If you are the developer please read this and
make this change or I guarantee you there will never be volume on PXL. Investors are getting smarter to pump+dump and that is why coins dont pump as fast anymore. So this needs to be more than a dump to succeed.

The dev may want to create a new thread and incorporate this change. Hope this helps and best of luck.
2408  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *PXL COIN* Mandatory Client Update / now supports Kimoto Gravity Well! on: March 07, 2014, 03:12:04 AM
Look this will NEVER make it if you make people sell their shares BACK to the company. Its a greedy business model!!! Also consider that people are in BITCOIN to make more Bitcoins! They only want to buy some coin that can leverage their bitcoins! I saw the OP and I think it can be improved.

The improvement works like this:
You need a way of registering a wallets balance by the amount of pixels they control. This way, the users of your ads can hold their position on your site
without having to RESELL it to the site! You can still approve the message but a person parking adspace can AT LEAST resell it! Bitcoin is a store of value and if you suck the value out of an early investor you are giving no incentive to advertise. Ads need to be resellable or buyers of ads will be left feeling stupid

If you register wallet balances on your site and those shares allow for the creation of ads, you can charge a fee for maintaining the ads. That way, you still
make your money. The problem with you charging pixels turns it into a ponzi. Since the size of the pixel space wont grow but if value grows then the site owner dumps pixels back in the market inflating it and then demand will not match supply. Just because you say you wont do it does not make people believe you.

THE SOLUTION:
*Register Wallets for FREE for ad space. That way a wallet can sell their ad space. On the blockchain its easy to see who owns what. If a person wants to
sell their coins their wallet balance is different and they lose their AD position. Much better. Now you have an AD that can increase in value and be resold.

*Early investors you need to reimburse their PXLs and register their wallets. So if they transfer them, they lose control of the AD. If they want to sell their
pixels then anyone can replace their AD since the wallet it deregistered. Yes I know you may not want to reimburse original investors but they were the ones
that deserve it the most. After all, they took the risk and supported the idea.

If you dont change your business model someone else will do exactly that. The reason the coins value has no volume and is deflated is because your business
model does not allow for a pixel consumer so make money off an existing ad. Once the coin contains any value the original investor feels like a moron since all
he has is an expensive ad which the owner of the website can dump on the market at any time.

Consumers are naive but they are not THAT stupid. You as a developer stand to make MUCH MORE MONEY if the ads can be resold. Also what is more important? Make a few grand off this pump+dump or having a business model that can be scaled???

Once you change your model, you will succeed.
2409  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *PXL COIN* Mandatory Client Update / now supports Kimoto Gravity Well! on: March 05, 2014, 11:25:44 PM
This coin makes no sense to me. People buy it and resell it to the dev. This means the dev can always resell his coin. It benefits nobody since once an advertiser buys space the coins are now in the devs possession and the advertiser can not resell. This is very far from decentralized. Almost invested in it until I realized this. Correct me if I'm wrong.
2410  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ⚒⚒[CGA] Cryptographic Anomaly - The Elusive Coin⚒⚒ on: March 03, 2014, 10:26:50 PM
Quote
Where would the million coins come from?
I guess they would have had to be premined. My understanding of Proof Of Stake is that you cannot do a 51% attack unless you have a large stake in the coin. So the idea is to premine coins and send them to a fake/nonexistent address. This way nobody would ever be able to collect them and it would be as if they did not even exist. The dummy wallet would hold much more than 51% of the total supply and thus make the attack impossible. Can someone please inform me if I am misunderstanding proof of stake?

Quote
Every coin has a risk to be 51% attacked (even bitcoin, tho that is very improbable unless someone were to highjack ALL the super computers in the world). This is the "double spending" attack where you mine your own transations and manipulate the network into giving you more coins.

The attack that was described earlier in this thread (re-org attack) is specific to Kimoto's Gravity Well. Coins with low network hash rate are more susceptible to this attack. You wouldn't really need 51%, just a decent amount of hash power and good timing. So I removed KGW.

The main issue with CGA was the fact that there are/were 0 blocks mixed in with blocks of worth. Due to the current protocol, you must know what the block is worth before you mine it. So someone "could" write a script that checks the current block to see if it is worth anything, and if it isn't stop mining. Then wait for a block that is of worth and start mining again. This was fixed by making every block worth something (this doesn't come into effect until block 48,000). All I did was divide the coin up among the blocks that would normally be 0. So, if the diff were to be at 3, you will see the block reward = 0.333333 when before/now it was/is the first 2 blocks would be worth 0 and the third would be worth 1.

Ok I understand that change. That makes a lot of sense. But I guess my concern was, since the higher the difficulty the lower the reward it would deter large mining farms and allow people to mine it with their home computers. I guess the coin would be "resistant to popularity" since if miners jump on it, it becomes too difficult. So with that in mind, if the coin ever becomes valuable and nobody is mining it aggressively enough then isnt it very very easy to quickly mine the living shit out of it and take over the network with higher than 51% and even do a selfish mining attack? I can see this happening especially if the coins ever get valuable because of their rarity. Thats why I proposed my proof of stake solution above. Give a phony account a large stake (like premining millions of coins way beyond what the total supply will ever reach) and pretend like it doesnt even exist. Mind you, I'm still trying to understand all the different algorithms so I would really like to know your feedback on this and if I am making sense or not.
2411  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ⚒⚒[CGA] Cryptographic Anomaly - The Elusive Coin⚒⚒ on: March 03, 2014, 08:16:53 PM
I think I have a solution to the 51% problem in this coin. Im a newb so anyone can correct me if I am wrong. So here is my thoughts. Cant you switch this coin to a proof of stake hybrid? Then all you have to do is send 1 million coins to an obviously fake address and then nobody would ever have a high enough stake to perform a 51% attack. Does that work? then this way you now have a coin that is hard to mine somewhat asic resistant and minable on cheap computers.
2412  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM -4 billion coins- Equal Shares for ALL - Registration thread (part 2) on: February 01, 2014, 07:42:28 AM
b631ebd0aff176b141b0087741a58f386d1c74c6d956a3119386e571cd6412dd is the transaction ID on blockchain and my address is:
19D7sgM7YfjopecthzA9n9Z3j4WmfLtpHZ is my Bitcoin wallet. Do I need a NEM wallet yet?
Please add me to the list... sent the BTC for registration and please PM me when you launch / or on how to recieve the shares on launch (I'm a NOOB) :p

Thanks!
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