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241  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 10, 2015, 01:12:53 PM
Good morning gentlemen.
Where's your God now?

Quite a few gentlemen must be thanking him for getting stamp back online.

In other words, "Thank you God for not drowning us in our own urine, bidding in thine wisdom for stamp to slowly impoverish us instead."

Some people now have a chance to make a profit on stamp. Even trading at a loss is better than losing the lot to a hacker.
242  Economy / Speculation / Re: bitstamp 18,000 bitcoins stolen? -confirmed on: January 10, 2015, 01:07:14 PM
Bitcoin was supposed to be decentralized, but people flocked almost entirely to a single exchange
Lips sealed
Inform yourself before making stupid comments: http://bitcoinity.org/markets/list
 Roll Eyes

Yup, seems to be plenty of exchanges that people are using.

http://coinmarketcap.com/currencies/bitcoin/#markets

243  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 10, 2015, 01:01:08 PM
Good morning gentlemen.
Where's your God now?

Quite a few gentlemen must be thanking him for getting stamp back online.
244  Economy / Speculation / Re: Coins in hibernation on: January 10, 2015, 12:37:38 PM
I was wondering if anybody has some statistics about coins that :
- are intact reward address (most i guess are satoshis blocks)
- have not moved since the April bubble
- have not moved since the December bubble

Or some stats like coins not moved since 2011/2012/2013

This is a chart of bitcoins that have not moved for a year. It shows bitcoin days destroyed.

https://blockchain.info/charts/bitcoin-days-destroyed-min-year
245  Economy / Speculation / Re: The lower the price the worse for Bitcoin? on: January 10, 2015, 12:31:36 PM
Is this true? The cheaper these things are the worse the distribution will be. It will be easier for one or a few entities to own a majority of the coins at 10 bucks or a hundred. So doesn't this mean that as the price falls we are sort of becoming..like..less good Huh

But when price is low, it is also easier for anyone to own a majority of the coin. Where's the exception anyway? If price was like at the high side, a newbie naturally would hesitate to get a lot of the coins. So maybe a 100 bucks investment will come up with something like 0.35 of a coin. Psychological to that person that sounds like very little return for the fiat money that they put in.

Additionally, total newbies don't understand you can buy a small fraction of a bitcoin. They often think you have to buy a whole one. At $1000 they don't even investigate further, but the lower the price gets the more total newbies might start investigating bitcoin, then discover you can buy $5 worth.

246  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 10, 2015, 12:13:40 PM
Honestly I am afraid to go to sleep.
I feel like the moment I nod off there will be a jump. Then when I wake up it will have dropped again.


Trading tends to do that to people. You become antisocial by spending all your time glued to a computer screen without sleeping for days. Plus your nerves get shredded watching your money repeatedly turning into profit then going down the drain.
247  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Altcoins Are Dying And How To Make One In Under An Hour on: January 08, 2015, 05:10:10 PM
I came on here hoping to find a well thought out argument. Instead I found a link so a can easily make another scamcoin

New coin launches are few and far between at the moment. I doubt anyone would throw much money at a new alt after all the pump dump/scams we have had. A new coin has to offer something different than the run of the mill clone if people are to buy it.
248  Economy / Speculation / Re: Official Bitcoin Price Prediction for Dec 31, 2015 on: January 08, 2015, 05:06:33 PM
$7,500+

I predict we are at the start of a new rocket ride because of all the despair here.
249  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MEOW] KittehCoin Relaunch IS HERE!!!! on: December 28, 2014, 01:41:47 AM
VERY IMPORTANT NOTE:

After several months I must now fully move on to my core project - Syscoin. That being the case many properties related to Kittehcoin (Block explorer, main website, forums, blog, etc) are going to be coming down unless a member of the community contacts me and is willing to take over this responsibility.

I am also going to be removing myself from the Kittehcoin github repository and would like the new community lead to take over that as well.

I will be ensuring the key sites continue to operate for the next 10 days, then I will let them expire naturally. Please email me dan@syscoin.org to workout a handoff- I don't want these boxes to just die but I can't keep hosting them.

Is there a new community lead ?
250  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CSC] ♠ CasinoCoin v1.3 ♥ ♦ 1+ Years Old ♣ on: December 28, 2014, 01:37:46 AM
Yaye. Someone dumped 150k to me last night. It's like an early xmas gift. lol
r u still believe the coins?


Do you believe in any coin?

Yes of course. Everyone is down on alts. Bitcoin and all the alts were very beatup this year. However, I think casinocoin has a bright future considering its branding and the future proliferation of scrypt asics. For now, I'll continue to accumulate in preparation for a potential popularity increase in scrypt coins following mass asic adoption.

It's well over a year old now which is more than you can say about most alts. I still believe in it.
251  Alternate cryptocurrencies / Altcoin Discussion / Re: QORA IS OPEN SOURCE !!! on: December 10, 2014, 03:28:59 PM
Took you a year to forge code?

I'm waiting for Jeff Garzik to compile the code and determine whether the hashes match.


6 months
Yes please, more people who review the code, better it is

The Nxt and Qora hashes definitely do not match because the two coins are coded differently using different cryptographic technologies. One programmer has already reviewed Qora's code and he thinks its not a Nxt clone as shown below.






Ok, here are some quick notes on Qora v. Nxt (I've looked at both sets of code a little while this evening.)

Initial Impressions

I can not rule out, beyond certainty, that this wasn't cloned but I can easily verify that if this started from a Nxt fork, a TON of work has been put in modifying the code.  Qora is organized completely differently than Nxt.  From the application entry point, all initialization methods execute completely differently.  If Qora took Nxt, he heavily modified it beyond recognition.

Personally, I've suspected that this wasn't a clone and I've never seen any reason not to trust Qora's claims.  So far, this seems to be likely true-- this is not a fork and is "new source".

Cryptography Analysis

Nxt uses SHA-256 to hash passphrases and then Curve25519 and SHA-256 again to create public/private key.  It signs it's data using, EC-KCDSA.

Qora is a bit of a different beast.  I'm still digging into this section of code but if my quick-scan of DB, Crypto and Account files has produced an accurate understanding, your wallet seed is a random value, stored to a secure DB. Each time a new account is generated, a nonce is appended to the the seed, and a new address is calculated and stored in the DB.

Specifically, an address account is generated by taking the Nonce+seed+Nonce value and double-SHA-256 hashing it to produce a unique account seed.

Next, a Key pair is generated using Ed25519 key pair creation, from the account seed.  To be clear, Ed25519 is slightly different than Curve25519 (which is what Nxt uses.)  After the Pub/Privkey pair is generated,the application takes the RIPEMD160 of the SHA-256 hash of the pub-key.  NExt, Qora prepends a version byte to this hash and then double, SHA-256 hashes the byte array and finally appends the first four bytes of the new hash, to the former.  These last four bytes are used as an account checksum and are used for account ID validation.

This process of a account generation is significantly different than Nxt.  Obviously, Qora makes use of a wallet, where Nxt does not.  Still, the process of creating a payment address is far more robust than Nxt.  In fact, this process is almost-exactly how BTC addresses are created, rather than Nxt.  The only variation is that the version byte is likely different (which results in the "Q" at the beginning of the address) and Ed25519 keys are used by Qora where ECDSA keys are used by BTC and it's clones.

Forging

First, let me go ahead and say that forging is something that I've never looked into deeply. I  understand the very high-level nature of it and I very much understand the big differences between traditional "1.0" coins and these new PoS "2.0" coins.  My notes on forging will, therefore, be very basic sense I know so little about the nuts-and-bolts.  Regardless, here are my observations.

The code is significantly organized in a different manner.  At first glance, I think Nxt and Qora us a completely different approach to come up with similar results.  Again, Qora is more succinct than Nxt.  I'll have to take a while longer to dig into this but since I can't seem to figure out how to build and debug java code through eclipse (Tongue yeah, pretty basic stuff, I know...) I can't run the code and step through this portion to clarify what's going on.  All I can verify is that Nxt vs. Qora looks completely different.  Also, Qora makes use of the global "Generating Balance" to determine the block Target.  From my scan of the Nxt code, no such value is used.  I think there is a bit more randomness to Nxt than their might be of Qora, but I won't stand by that.  Qora basically looks at the time since the last block, the forgers personal balance and the total balance of forging accounts.  It then uses a fairly straight forward process to test if a block has been forged.

I haven't been able to figure out what Nxt does.  This isn't because of poor Nxt coding.  It's because I don't have the time to look into it.  If a Nxt guru is around, please comment.

Final Thoughts

My vote is, no, this is not a clone.  If Qora was inspired by Nxt, I would make the guess that he read up a lot on it, possibly read through the source and thought "I can do that" and gave it a go at writing his own application.  Qora uses mostly different libraries and is structured significantly different.  

I also assume that Qora is a professional day-time coder, who works with a team of devs at a software firm or possibly large company.  Nxt feels like good, solid code, but it doesn't adhere to strict practices that big-team developers tend to follow since they are use to having to organize and share  code with co-workers.  I know that open source projects are often shared across devs, but having worked in both environments I can attest that "good" developers, in both areas of software engineering tend to have different coding approaches and styles because requirements differ.  Qora feels like it's written by an experienced, professional business coder, while Nxt feels like a large, open source project.

One piece of software isn't necessarily better than the other but they look VERY different.  This adds to strong evidence supporting that this is almost certainly NOT a clone.
252  Economy / Speculation / Re: 5 Tips for Successful Bitcoin Trading on: November 29, 2014, 07:47:30 PM


Don't chase the price upward.  If you set a bid and it doesn't get filled because the price went up, don't try to increase your bid to chase the price upward.  Be patient.  If you estimated the bid/ask levels properly, the price will move in those directions and you will get filled at a more reasonable price.    

I made the mistake of chasing the price upward too many times myself. That's good advice you've given.
253  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EAC] EarthCoin - EAC v1.3.1 Now Available! Now on BTC38 Exchange on: October 26, 2014, 10:08:52 PM
don't think there is any official news, I don't know of any dev's still working on the coin, earthcointalk has been taking over by spam


It's sad to see the most recent posts were mostly made months ago.
254  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][USE] UseCoin » FREE COIN DISTRIBUTION LIVE | IPO Escrow | Launch Aug19 on: August 15, 2014, 09:47:20 PM
Just a small change, both Hero Members and Legendary Members will receive 2,000 USE from free distribution instead of just 1,000.


How many coins do each of the member levels below get for using a signature?

Junior member
Member
Full Member
Senior member
255  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: bter hacked and lost 50m nxt on: August 15, 2014, 06:24:08 PM
im trying to get my bitcoins off right now, as im a bit worried, so anyone else having issues withdrawing there coins?

Has your bitcoin withdrawal worked yet?
256  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [GAC] GlobAllCoin | 100% IPO |coins+10% free stocks|End Aug 27, 2014 on: August 15, 2014, 12:47:49 PM
Is there no wallet available yet?
257  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [KTK] Krypt Koin | PoS | 1.5.2.0 | KTK Giveaway | Trade on Bittrex on: June 11, 2014, 10:34:50 AM
Thanks, it had me worried there.
258  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [KTK] Krypt Koin | PoS | 1.5.2.0 | KTK Giveaway | Trade on Bittrex on: June 11, 2014, 10:27:02 AM
The bittrex kryptcoin page is currently showing a timed out Website is offline cloudflare error when I try to load it.

The bittrex hme page loads OK, but coin market pages are showing a Website is offline error.
259  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] [XBet.IO] - the world's first distributed betting application on: June 11, 2014, 12:52:37 AM
This looks like it's going to be popular.
260  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [UNU] UNUM ***FREE IPO*** | POW+POS | 100% FREE IPO DISTRIBUTION! | on: June 11, 2014, 12:49:18 AM

https://twitter.com/unumcoin/status/473656905240686592

Proud to announce 3500 ppl for free IPO launch June 10th. Still time left! Just subscribe here:

so im suppose believe 3500 sign up for this free ipo, lmao

No, this twitter page says it's even more than that.

https://twitter.com/unumcoin/status/476379548708503552

The final numbers of signups we've generated is 4771 people for Unum FREE IPO. We launch wallet @ 1pm. GMT -5 today! Stay tuned!
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