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Hi I was mining fine for 4 days and now when Cudamining, I get a few Yays and then all boo's after. The CPU mining program still works fine.
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The trick is not to pump it. You just need to give people a reason to invest and make the coin known. At 1.2 btc daily volume, no wonder the coin is so cheap, increase the volume in a healthy way and you'll inevitably get a higher price.
Since tokyoghetto's thread was closed and Tranz started working on CAPS, HBN isn't getting as much attention, nor is it as unique as it once was. HBN is personally my favourite coin, plus I like the 2%.
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How do you guys get 50 peers? I normally get between 13-16. It makes me wonder if something is wrong...
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Hi guys,
What is the status on the initial distribution? What do we have to do to get our stake?
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Has there, or will there be a fork due to the update?
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I have done some other trials and the number added up and I got enough change. Hopefully, I am wrong and there is nothing wrong with the trade engine.
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You get the best available price. However the Net Total prediction takes your entered maximum price x amount of coins, including 0.20% Fee. If you get your coins cheaper it means less fee's and you get some back. It works perfectly fine.
Read the post again. It seems you do not get the full change back. |
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When you order 10 quantity of xxx for 0.002, and when there is only 2 items up for sale, the exchange processes those two and puts 8 in the buy queue at the buy price of 0.002. It does not take into consideration the quantity of the .0015 and .001 items for sale. You are not buying for .002 or less... you are buying for .002
I believe all exchange does their transaction like this. Correct me if I'm wrong. I haven't seen an exchange where you can have an option for equal to / less than a desired price.
You are wrong, the exchange must give you the best price. If there is only 2 items for sale at that price OR LOWER, it will process those two and put a buy order for the remaining 8 at the same price. If there are sell orders at lower prices, you will buy the cheaper ones first until you reach your price. If your order is not fullfilled entirely, there will be a remaining buy order at your maximum price, i.e 0.002 in this case. If you buy the entire depth exactly, there will be no order left. See: http://wiki.cryptsy.com/placing "If we had set the sell price at 0.07900018 we would fill the orders from highest to lowest giving you the higher price for the first order in the book and then the next price for the remainder of the coin." The trades are also registered in my trade history as being processed at the correct price, i.e. the price displayed in the order book. It's just that the change seems to be missing. |
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Edit: I have done some more tests and got the right change back up to ~30 satoshi. Hopefully, I was wrong and the numbers did add up fine the other times. If you experience problems with your change, please share.
When trading one has to worry about the depth of the order book. I have been trading for a while and I noticed something strange happening on cryptsy. Maybe someone can confirm my suspicions.
If one looks at the order book on the sell sides for X one might see
Sell orders
Price Qty Total(btc)
0.001 5 0.005
0.0015 3 0.0045
0.002 2 0.004
0.0023 1 0.0023
and so on.
Suppose we want to make a buy order to buy the 10 coins for sale at 0.002 btc/coin or less. We enter a buy order for 10 coins at 0.002btc/coin. This should cost us
0.005+0.0045+0.004 = 0.0135 btc + fees.
Crypsty displays 10coins*0.002btc/coin = 0.02btc + fees as the price. So far so good. What cryptsy is supposed to do is match our trades for the best prices and send us the change back, namely 0.02-0.0135 = 0.0065 - fees.
However, this never seems to be the case. In all cases the change I received for my orders was always way too small. It seems they do not give the proper change and they do deduct the full 0.02btc+ fees from my balance whilst giving me the 10 coins I bought. The order history shows the coins being bought for their respective value, but the account is not reimbursed the proper change.
I suspect cryptsy is pocketing that change and has been since its inception. I do receive change but it is usually on the order of a few thousand satoshis, I suspect that the change received is the difference in fees between the full price and the fees paid on the actual trade, while the rest of the change (0.0065) is not processed.
If the depth is good, the difference isn't big, but for many cryptocurrencies the depth is quite lacking and it is easy to move the market with relatively small trade orders. The change then becomes very meaningful. In our example, the depth was very poor and we overpaid 0.0065 because of the change processing mistake, effectively paying 0.002 btc per coin, or alternatively 0.02/0.0135 = 48% too much. Repeated trades also exacerbate this problem as it is an invisible tax on all orders that are not made at market price.
This also skews data shown in history or through the API as it shows coins being bought for the cheapest price while we effectively pay a greater price. The same problem is likely happening when trying to sell.
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What were they thinking? These people have a reputation, no one is going to take them for real making these claims. What's going to happen when nothing happens? https://www.youtube.com/watch?v=w3X03KyUYuohttps://www.youtube.com/watch?v=Pz_j2su9Ehchttps://www.youtube.com/watch?v=vdPWnYnpEOwThink about it. The marketcap for BTC to reach 1mm/BTC would mean massive mainstream adoption. Also, it would mean tons of random NEETs that happen to store a couple BTC suddendly join the 1% clique. And, let's say hypothetically that 1 BTC reaches these ridiculous prices. What will be the purchasing power of 1 BTC? Wouldn't basically mean that the USD dollar devalued itself 1mmth times? Even if it went to 1mm/BTC, so what? you could only buy a cheese burge with it. I just find the whole thing ridiculous. I hope im wrong and we all become rich, but the story about holding 1 BTC and waiting to be a millonaire sounds so ridiculous to me. And they could play the "the end of the world is near" card, and keep people waiting forever. Flawed logic across the board. First, yes, 1million per BTC assuming the dollars keeps its purchasing power implies massive mainstream adoption. No one is saying otherwise. It however does not mean that tons of random people join the 1% clique, that is stupid. Most people need and do realize their paper profit into actual profit, this distributes BTC and allows the price to go up. With BTC one million a piece, you still need thousands to be amongst billionaires, not many have that many BTC to begin with, and not many will be left as they progressively cash out and diversity their wealth. Next, BTC being 1 million doesn't mean the USD (D actually stands for dollar by the way) devaluated itself (valuation is not an absolute). It devaluates with respect to BTC, but it can keep its value with respect to gold, food, houses, oil, etc. If 1 BTC is 1 million USD, and 1 USD still buys 1 cheese burgers, then you can buy yourself 1 million cheese burgers (in a perfectly liquid market). Regardless of that, remember that the USD loses 1-10% of its purchasing power yearly, if this continues 1 BTC will inevitably be 1 million USD at some point, and in that case, even if 1 BTC buys me 1 cheese burger, I'd rather have had the BTC than any amount of dollars. You find this ridiculous because you don't quite understand the whole picture and how the pieces fit together. |
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How many TEKcoins are there in existence right now?
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Don't forget Hobonickels (HBN) in your poll so I can vote. 2% every 10days, 100% annually.
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Pretty much the only thing you got right in your first post is the first half of your first sentence. I suggest you spend more time thinking to yourself so you can come up with an actual argument.
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Nope. Just something a majority of people are missing out on. I'm personally sick of waiting sometimes over an hour for a Bitcoin transaction every time I go outside of the Ripple protocol. Everything is so much quicker and easier in there. Instant transactions and it is FREE. My wallet holds XRP, BTC, LTC, USD, shares etc. Wow! Not just the one currency. I only experience the reality when I transfer my Bitcoin using Bitcoin bridge (where you replace a Ripple address with a Bitcoin address) and it sends the Bitcoin outside of the network.
I feel sorry for those of you who do not open their eyes and continue to live in the stone age with your long confirmation times, fees, centralized exchanges etc - so little freedom. I can instantly turn my BTC into ANY currency/ commodity (being crypto, fiat, precious metals etc instantly if it is crashing). I don't need to wait hours while sinking with the boat, everything is interchangeable within Ripple INSTANTLY.
Nothing is changeable in ripple instantly. It only looks so because you're not actually trading anything but IOU, i.e. meaningless 'bank notes' that say that you own 1 BTC. However, you owning 1BTC is completely dependent on your trust network, and when shit will hit the fan, you'll lose everything you own, just like with our current banking system. Not only that, but you expose yourself to unnecessary risk just by using the ripple network. If you want to withdraw BTC from the ripple network to your computer wallet in which you OWN ACTUAL BTC, it will still take you 1 hour because you'll have to take someone's BTC and send them to your wallet through the BTC network (and thus wait 60 minutes for ~6 comfirmations). Not only that but the 60 minutes you wait is a proof of security. Faster transaction times are only marginally more secure, because the network is backed by the amount of computer time that passed in order to grow the blockchain to the size it has. |
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I'm interested in knowing the current inflation rate, how many coins are minted daily through PoW and how many from PoS?
Thank you.
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Well, this is all speculation  But people are fearing that Gox doesn't have the liquidity to pay everybody. One theory I could have is that Gox played people's money. Normally, in an exchange, people send their money and play their own money. BTC price may rise and fall, people individually gain and lose money, but in the end, no money is really gained or loss, it's only TRADED. One person will make money on the back of another less fortunate lad, or lose money to another person's gain. So, as long as each individual account is kept separate, then whatever people bring in or out of the exchange, be it fiat or BTC, then the exchange is still viable, and can have all the fiat/BTC liquidity required. However, under the cover, the fiat sent to the exchange is just put in a big melting pot. Some sort of money pool. And how much each person still hold in fiat (or BTC) is just data bytes stored on a computer. But this still works as good, and it's much simpler for the exchange operations. So, as long as each individuals are treated independently, with their own assets isolated from other individuals, the game go on. If the prices rise and fall, and someone gain or lose money in the end, then it's only their gain/loss. The exchange is just providing exchange service, and the integrity stays on. Now, let's speculate what would happen, if in a moment of great "illumination", Gox decided to invest in BTC, but didn't want to put it's own money in the pool. Instead, it would just go to his main Gox pool account (after all, a lot of people keep fiat in their accounts for different, and legitimate, reasons). Then, Gox actually play people's money. It ends up as if Gox would withdraw from the money pool, and re-insert it under it's name, to buy BTC. All this in hope that price will rise, and cash out (return what it took from the pool, and take out the profit). But what happen is that the pool is now short. What would happen if that the prices keep falling. People more and more want to cash out. The only problem is that the fiat pool is now drained. The only options are: - For Gox to insert fresh money in the poll (actually taking his loss at that time), but that most realistically won't happen (talking millions of $ here). - Delay the cashout, in hope people reflow the fiat pool, so to pay out other investors wanting to cash out. And hope that enough transactions occurs in the meantime so Gox has some revenue from transactions to help cover this up. Well, seeing an increase in transaction fees would very highly back this theory up! That scenario, although started faithfully, has now fully turned into a Ponzi-like scheme. Note that this scenario is hypothetical and hopefully purely fiction. But I think there's still reasons for concerns... Oh come on....it is possible but really really unrealistic. They make their money as an exchange and with a long term perspective they could make way more money with an honest exchange than taking all money from the customers to buy coins. Sadly this is exactly what people said about FullTiltPoker. They made a shit ton of money charging an absurd rake (we're talking millions monthly with barely any upkeep other than advertising so new money would flow in the poker economy). Why would anyone kill the chicken that lays golden eggs? Never under estimate people's greed. FTP ran away with people's money and devastated everyone in the process for a few extra million dollars. |
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Right and if you read it, they argue the same as I do. The only way to guess such a passphrase is if it's already in their database because a lot of people use it. That it was is, I think, surprising. There are a lot of sentences and quotes from books in the world, either the opening phrase from 1984 is very widely used (seems unlikely given how uneducated people are) or there's something more to this. I'd like if EvilDoctor could comment on this, given that he cracked the passphrase in a day, it would be great. I'm interested in how crackers are building their passphrase dictionaries nowadays. |
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Critical bug disclosureFew days ago the guy who found a vulnerability in Blockchain.Info and picked the secret phrase of Nxt genesis account found a security flaw in NRS cryptographic algorithm. Can someone explain how he found out the passphrase of the genesis account? "It was a bright cold day in April, and the clocks were striking thirteen." It has 14 words and some punctuation. Ignoring the punctuation and using a simple 2000 words long dictionary (and this is tiny! There are 1013913 words in the English language) we get 2000^14 possible passphrases, or about 10^46 possibilities, if we go by characters from the alphabet, it has 26^72 ~ 10^101 possibilities. A password written in base 58 and 26 characters long is also about 10^46 possibilities. In comparison, a random 8 character long password takes 3 hours to crack on a desktop pc. 9 char -> 3days, 10 char -> 1 year, 11 char -> 48 years. 26 char -> An octillion years. Now it is a given that the entropy of a random password is much higher than that of a phrase from a novel, but I still can't see how he could crack the passphrase unless the entire thing was already in his dictionary! Let's not forget he was using a python script which is notably slow! |
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The thing you people need to realize is while the coin might not be capped anymore, the currency is very weakly inflationary as t-> infinity.
It is not a percent inflation, but rather a fixed amount of coins and in the future (number of new coins per year)/(total numbers of coins) goes to zero. If you include loss of coins it might even become deflationary if it becomes widely used and the monetary base is big enough.
In the end this change probably won't affect much at all (and might actually be a good idea to replace lost coins).
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The shills are pumping in full force tonight  I see they need Cryptsy to dump their shitcoin in volume. That is exactly what this coin needs since the only complaint is that it is not fairly distributed. People need to dump it so other can join in for cheaper and redistribute the wealth. If you think it's too expensive don't buy it, the price will adjust to a fairer value and the coin will become more distributed as people 'dump this shitcoin' as you say. |
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