This is the exact thing the Auroracoin devs said right up until a few hours before I predicted the TW would hit.
When it did, geez did the convo shift over to "Hey BCX, we're all civil blah blah blah, we didn't mean all those bad things...."
I said 22 days which is October 11-ish into early Oct 12 GMT
500 BTC challenge is still open to you
Let see just how sure you really are.
~BCX~
Did anything happen yet? |
|
|
|
A farmer and his son had a beloved stallion who helped the family earn a living. One day, the horse ran away and their neighbors exclaimed, “Your horse ran away, what terrible luck!” The farmer replied, “Maybe so, maybe not. We’ll see.”
A few days later, the horse returned home, leading a few wild mares back to the farm as well. The neighbors shouted out, “Your horse has returned, and brought several horses home with him. What great luck!” The farmer replied, “Maybe so, maybe not. We’ll see.”
Later that week, the farmer’s son was trying to break one of the mares and she threw him to the ground, breaking his leg. The villagers cried, “Your son broke his leg, what terrible luck!” The farmer replied, “Maybe so, maybe not. We’ll see.”
A few weeks later, soldiers from the national army marched through town, recruiting all the able-bodied boys for the army. They did not take the farmer’s son, still recovering from his injury. Friends shouted, “Your boy is spared, what tremendous luck!” To which the farmer replied, “Maybe so, maybe not. We’ll see.” only time will tell the whole story |
|
|
|
Suppose we have a small IPO that defines the initial price. Some of the funds would go to developers and the rest would be eternally loaded in the trustless oracle to take care that it can buy back the Newcoins it has sold for Bitcoin. So it would be a two-way barometer that anyone can enforce to sell or buy Newcoins at the fixed price points.
But that would not have much volume, barely enough that the market participants are interested of keeping its price in line with the actual market rate.
The interesting part is that the trustless oracle can be used in the emission function (difficulty adjustment) such that the higher price climbs, the more coins per block will be created. And vice versa. This mitigates the swings, and provides coins when the market is in demand of them. Without needing a committee for determining the need, it is all hardcoded.
Sounds like eMunie's supply-demand model. |
|
|
|
Was reading last pages in rpietila alt coin observer.
This is sad to see two-faced people who ask for help when they in troubles and spread slander and lie when troubles is over. This behavior expose their moral standards.
I doubt that i'll ever again will care for helping.
Was looking through the last pages, but couldn't see a developer posting about you or BBR. Which posts are you referring to? |
|
|
|
Donated 50 XMR - Payment ID: aaba86ec9583e5e269743f564441c7bcef46e062e0820ea5f4d104be4f3efe79 Keep up the good work  |
|
|
|
To clarify, I am not one of those "who want so much that it goes to the moon", I am more curious about the "Game Theory" aspects of cryptocurriencies
It's not good for economy, because people would spend less, hoping their bitcoins would become even more valuable.
Less spending = less economic activity. Why would that be a bad thing? Considering that our current economic activity isn't really sustainable. People would also work less. Why work, if you can just do nothing and watch your bitcoins become more valuable.
Less work = less economic activity. You seem to think that people are only working to get money, which I think is not the truth. People often have to choose a work which pays more but isn't exactly what they would like to do. Wouldn't it be nice if you could purse your passion and do something that is of value to society instead of working for minimum wage just to survive? The reward would be first and foremost on an emotional level which (imho) is a much more important factor for health and happiness than money could ever be. People would also invest less in real companies. Why invest in something that grows slow, when you can invest in bitcoin which grows fast?
Less investments = less economic activity. Maybe the factors that influence the decision to invest into a company will change. For example, a company that is focused on making life on earth more sustainable could be a great investment. On the contrary, parasitically companies who are just focused on profits may get less investment funds. I hope bitcoin will never go mainstream and rise so fast in value. It could cause total economic collapse. Maybe, maybe not. What makes you think that our current economy isn't heading for collapse anyway? And also early adopters would get too rich, while all the later adopters would be in very bad position. If Bitcoin is truly deflationary, late adopters may join at a time in Bitcoins history where growth will happen in a very slow manner, which is what you seem to suggest should be happening right now.
|
|
|
|
This is how $383 support is tested? on no volume? Bulls are doomed. They're not even putting up a fight yet. Turn off your computer and come back in a week. Your coins will still be there. They just won't be worth as much.
Good advice. Just finished moving over to cold storage to prevent myself from doing anything rash and stupid. Stupid is not doubling your stash by selling and buying back half price if you have the obvious opportunity to do so. Cool, so I did something stupid for not doubling my coins in april and not doubling my coins in december... To call the action of people stupid, who may just have another attitude towards life than you, tells a lot about your character. To each his own I guess |
|
|
|
Just because there is a limited supply doesn't mean anything, the demand also comes in somewhere no? Look at the demand right now, price dropped from a high of I dunno 1,135 USD something(not MTGOX inflated prices) now it is at 445 USD. A lot of people got invested into this when it was going up in price, ever wonder why you only see 3,000 people signed on BTC-E anymore and not 15,000 like they were getting? Demand is dropping, supply doesn't matter if no one wants it.
Before I take my time to write out an answer to your statement, I would like to know why you think that limited supply doesn't mean anything? Care to explain your thought in detail? Limited supply means something only IF it MEANS SOMETHING to others. I got a used tissue I just blew my nose, and my load into. Very limited supply on that these days, most of them get thrown away! I am being an ass here lol. Couldn't resist. The difference is, your load is only of practical use for a small part of population if at all. Limited supply of something that is useful for a large part of population is definitely meaningful. It seems you jump to the conclusion that demand is dropping, just because the bitcoin price is in a short/mid-term downtrend. Demand (interest) is not as transparent as you seem to believe. How do you know that there aren't people waiting on the sidelines? Personally I know a few people who just learned about bitcoin during the last bubble but are intelligent enough to wait for a good moment to buy in. |
|
|
|
Just because there is a limited supply doesn't mean anything, the demand also comes in somewhere no? Look at the demand right now, price dropped from a high of I dunno 1,135 USD something(not MTGOX inflated prices) now it is at 445 USD. A lot of people got invested into this when it was going up in price, ever wonder why you only see 3,000 people signed on BTC-E anymore and not 15,000 like they were getting? Demand is dropping, supply doesn't matter if no one wants it.
Before I take my time to write out an answer to your statement, I would like to know why you think that limited supply doesn't mean anything? Care to explain your thought in detail? |
|
|
|
|
Thanks very much for your analysis, Raize!
What caught my eye is the 2011 Jan-April "Bubble". It seems to have a more straight downtrend than the other bubble cycles which had more of a curved downtrend, except for the cycle we are in now. Again it's more of straight downtrend.
Interestingly, the downtrend of the 2011 Jan-April cycle ended with a sharp upwards trend reversal. The analogy of a spring coil which was mentioned in another thread comes to mind. What followed was the big run up of 2011. All the other bubble cycles seem to had a curved uptrend.
Thinking of fractal patterns, we may see a spring coil reversal again?
|
|
|
|
Och Leute,
die Frage war doch nicht, welcher Altcoin den längsten hat,
die Frage war, woran man einen guten Altcoin erkennt,
also hört doch einfach auf, hier Eure Favoriten zu posten, die beantworten die Frage nicht.
Da auch ich mich hier angesprochen fühle...: Ich habe einfach ein Beispiel genannt das die Punkte 3,5,7,8 von LordShanken wiederspiegelt bei dem Leute auch sehen können in welch einer Form diese Eigenschaften zu Tage treten können. Besonders diese Punkte zeichnen meiner Meinung nach auch einen potentiell guten Altcoin aus. Nochmal zusammengefasst: Innovation die über die veränderung von Parameter hinausgeht Nicht komplett anonyme Entwickler Wirklich neue Funktionen die es bisher nicht gab Auf den Handel im Alltag gerichtet mit schwächerem Spekulationsanteil (kein Get Rich Quick) Langfristiges Konzept (kein Get Rich Quick) Zu 4 wollte ich beisteueren das es nicht unbedingt ein schleichtes Zeichen ist, sondern das es auf den Kontext ankommt. |
|
|
|
Ein guter Altcoin...
1... wirbt nicht mit Innovation durch sinnlosem Drehen am Block Reward, der Anzahl der Coins und der Blockzeit
2... wirbt nicht mit Eigenschaften, die von vornherein falsch sind (CPU-only, ASIC-proof)
3... hat keine rein anonyme Entwicklergemeinde
4... hat 0% Premine und 0% Instant-Mine
5... hat neue Funktionen gegenüber Bitcoin
6... gibt dem Netzwerk nicht einen minderwertiges Mining-Programm, wo die Entwickler selbst vielfach schneller minen können
7... kämpft um Akzeptanz beim Handel und nicht um Präsenz in jeder möglichen Schrottbörse
8... hat ein langfristiges Konzept
Bleiben genau wie viele übrig? Richtig: KEIN EINZIGER.
eMunie - Besonders 3,5,7,8 Bei 4 scheiden sich die Geister, jedoch kann man durchaus sagen, dass die eMunie IPO kein Instant-Mine in dem Sinne ist wie es bei vielen Altcoins der Fall war. Warum genau es bei eMunie notwendig ist, kann man bei Interesse leicht selber nachlesen. |
|
|
|
EMU is a pump and dump - the continuous increase in coins as a whale defense also devalues all other holdings.
You may have missed that all the other holdings gain interest on their holdings proportional to the increase of emu in the market. |
|
|
|
More than 1k coins bought last 2 minutes. Can we please have some upward movement now. I'm sick of going down every day
Just a bulltrap... we gonna crash hard To da floor!!! |
|
|
|
seems like they just close the third-party payment channels at 5th april. At the same time, currency net bank transfer charge of fire service is 7*24 hours manual processing, make sure that the user fast recharge. In addition, the coin of fire net withdrawal of RMB business is not affected, bitcoin recharge, Leyte currency are not affected. |
|
|
|
|
MACD Indicator on bitcoinwisdom.com shows green candles on 1h/2h/4h/6h/12h/1d chart (Bitstamp)
Bullish?
|
|
|
|
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.
Henry Ford Money is not the answer... it's just a tool to get by. And for all the enthusiast who are glued to the charts/forums: It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.
George Lorimer |
|
|
|
Assume I have 1000 eMu that cost me $100 @ $0.1 each and I was an early adopter. All being well, eMunie will be a great success and there will be a lot of demand, but also assume that over time a nice easy uptrend in value is attained, and that 5% over that first year is met.
My 1000 eMu at the end of the 1st year is now worth $105 ($0.105 per eMu), not a great increase, supply inflation however due to huge demand is 1000% over the year. New supply eMu is roughly split 50:50 between balance holders and hatchers as reward for clearing transactions. I am a balance holder, so balance holders over the year will see a 500% increase in the amount of eMu they hold.
I'm now holding 5000 eMu @ $0.105 which equals $525, a nice ROI while at the same time giving a predictable, stable value of each unit.
Some might say that 1000% inflation is too large, but I pose these 2 arguments to counter that position:
All of this sounds good in theory, and I applaud your efforts in trying to combat the volatility that we've seen in digital currencies. But I'm wondering in the real world how soundproof is this algorithm. Can artificial demand be introduced to inflate the supply? What about when demand severely dries up, are EmU taken away or does money creation stop? Something just doesn't sit right with a potentially 'unlimited' money supply ... makes me think of central banks and money printing. Is this money creation throttled in some way or is it a direct 1:1 relationship? While no one likes the ups/downs and wild price swings, the more it becomes adopted the less volatility you will have. I personally would prefer the price swings with a knowable supply amount. When demand stops, creation of new eMu stops. |
|
|
|
Bough for 1 BTC is the lamest exuse for a premine coin i have ever heard... And "Nxt is 100% premined" is an official statment from their video not a lie lol...
I think its wrong to use the term "premine" in regards to NxT. It should be clear, that NxT has nothing to do with mining... Don't you see that as soon as you use the word "premine" in your critics about NxT, you make it easy for supporters to dismiss your whole argument just because of a misused word? Nevertheless, distribution was kinda dubious. The timespan for distribution was rather short, so there wasn't enough time to get many users on board. With a pure PoS coin, the maingoal (imo) should be the distribution to as many users as possible. That's not hard to accomplish... just stretch out the investerphase at least till launch. Only issue TestNxT for the open alpha/beta.. why would you need "real"NxT to test and develop the network? Then, after a few month, when the client and network is setup, enough time would have passed to establish a wider base of investors so to prevent a too concentrated distribution at launch. The inventor could also promote distribution after launch by reserving/buying like 10-20% of NxT at presale price and then selling them in batches every week at presale price for the first few months. That would make NxT stable in the beginning which would attract even more users. Maybe this approach is flawed ( honestly I would really appreciate it, if someone could point out these possible flaws), but I guess that there are possibilities for a fairer distribution, if enough thought is put into this matter. _____________________ EDIT: Thought about it a little more.. the idea with issued TestNxT seems to be not possible in a PoS system... so that argument is flawed. Reserving/buying NxT by the inventor to redistribute them in batches after launch at presale price could work, but there may be a trust problem.. Sorry for posting this prematurely without thinking long enough about it.. |
|
|
|
|
Show Posts
