I actually said I wasn't American twice, so my problem isnt the IRS. My home country is as bad as most but isn't like the US in terms of connecting globally with other countries in terms of tax. I'm from Europe, living in Asia.
People still didn't address my question I think.
How about I put it into a simple sentence.
I want to diversify my BTC into other forms of Crypto but still within the anonymous 'crypto world' be it Ripple, NXT, Qora or something else, so how would you do it with the aim to stabilize your online wealth?
I thought I answered that. There are only two crypto's that right now look to have any staying power and stability... that is Bitcoin and Litecoin. There are dozens, maybe hundreds of alt-coins. But, really, none of them are a good store of wealth at this time, but keep an eye on them a few might rise to the top. Other forms don't mean other coins, it means fiat and commodities held in Crypto realm, a point I've made about 5 times. Dude just go away. You've just be about as unhelpful a dick as someone could be. Go away.. I'm trying to be helpful you are not listening. FIAT is not Crypto! But, no worries I'm gone. |
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Did you send from a shared wallet? Like coinbase? He is not sending, he is receiving... Also, I think double-spends can cause this to happen. |
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lol I get 54 coins, POS had already started...  Bummer, I'm going to miss out on almost 300 SHARE of rewards. That's what I get for missing the thread when it first was posted.  Glad I noticed it in someones sig! |
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Can i do the update without losing my address? How is it?
Yes. But, you should always backup your wallet.dat just in case. There is a bug in this wallet where the backup doesn't work. But, you can manually back up. The link to the 1.6.0.0 wallet is at the top of post 1 of this thread. To update, just delete your current folder. (That's the one with the .exe and .cpp file in it. NOT the folder with the wallet.dat in it). Download the zip, extract, run the .exe. Viola, updated! |
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i'm not talking about share coin, as i don't have any, my references were for other pos
anyway just unlock your wallet and your are ok
How is it done, i cant click on the button xD You're wallet probable isn't encrypted then. I'm hoping Ziplibrary will verify if you need to have your wallet open to gain proof-of-stake rewards. however, from what I see this is a fork of Peer Coin. If you read their docs it implies the wallet must be open to be mining PoS rewards. https://bitcointalk.org/index.php?topic=187714.0 |
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this coin confuses me... I typically make money fro mining a coin and selling it... I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party. why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition  Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins. The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin. hth. It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open). Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live. i receive payment even if the wallet is closed You can certainly get a payment without your wallet being opened. But, if your wallet is closed you aren't maintaining the network so you won't get your "interest" or "reward" if you prefer. This is a peer-to-peer coin, there are no miners to verify transactions, so stake holders with their wallets open do that. This is why you get a reward. Because you are helping verify transactions. actually i receive stake reward even if the wallet is closed, just open it for 5 min a day to confirm the stake and your are done That's not my understanding. Can you please link to your stake reward in the blockchain that you received? i'm not doing it now, as i stated above i leave the wallet open, but i tried with other coins(grain coin) with the wallet closed and the reward was working anyway When I have the wallet open, but locked, I get a message at the bottom that it isn't earning rewards when it is locked. So, that seems to me that the wallet has to be opened and unlocked to receive stake rewards. |
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is the coin new?
Yes, it launched May 1. |
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this coin confuses me... I typically make money fro mining a coin and selling it... I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party. why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins. The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin. hth. It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open). Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live. i receive payment even if the wallet is closed You can certainly get a payment without your wallet being opened. But, if your wallet is closed you aren't maintaining the network so you won't get your "interest" or "reward" if you prefer. This is a peer-to-peer coin, there are no miners to verify transactions, so stake holders with their wallets open do that. This is why you get a reward. Because you are helping verify transactions. actually i receive stake reward even if the wallet is closed, just open it for 5 min a day to confirm the stake and your are done Is there something needed to start minting pos?, i kept my wallet open but i dindt get any I think the coins have to be at least 24 hours old before they start earning stake rewards. |
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this coin confuses me... I typically make money fro mining a coin and selling it... I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party. why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins. The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin. hth. It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open). Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live. i receive payment even if the wallet is closed You can certainly get a payment without your wallet being opened. But, if your wallet is closed you aren't maintaining the network so you won't get your "interest" or "reward" if you prefer. This is a peer-to-peer coin, there are no miners to verify transactions, so stake holders with their wallets open do that. This is why you get a reward. Because you are helping verify transactions. actually i receive stake reward even if the wallet is closed, just open it for 5 min a day to confirm the stake and your are done That's not my understanding. Can you please link to your stake reward in the blockchain that you received? |
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Just wanted to let the community know, we have had great discussions with influential alt-coin folks over the last 24hrs. I will have a full plan for the coin out later today, but most of all its about building this community - so keep the feedback coming.
It would be very nice to get some buzz going on this coin. Not sure how the stabilization fund is working... I think the coin was much too easy to mine early on and the miners jumped in an dumped them. At least they are going for about 6x what the doggy is selling for. Buuuzzz will be coming. As for the NSF, it is agnostic as to price - the Achilles Heal of the NSF is that it needs people to buy the pre-mine so that it can place buy orders. I am not sure why any miner would offer at such low prices as the NSF will buy at higher prices when the price lifts, but it does appear the coin has found an equilibrium price - i.e. the price were miners are profitable and investors are willing to bid. Apparently the big miners didn't pay attention. If they did, this coin would be at least 30k Satoshi or higher at this point. If I knew this was going to happen, I wouldn't have bought 500 from the onset at 20k Satoshi each. Oh well, live and learn. I'm in no hurry. I have about 1000 PHI right now and can be patient. |
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this coin confuses me... I typically make money fro mining a coin and selling it... I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party. why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins. The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin. hth. It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open). Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live. i receive payment even if the wallet is closed You can certainly get a payment without your wallet being opened. But, if your wallet is closed you aren't maintaining the network so you won't get your "interest" or "reward" if you prefer. This is a peer-to-peer coin, there are no miners to verify transactions, so stake holders with their wallets open do that. This is why you get a reward. Because you are helping verify transactions. |
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this coin confuses me... I typically make money fro mining a coin and selling it... I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party. why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins. The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin. hth. It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open). Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live. I was just using the term that is listed on the sharecoin we site. But, yes, reward does seem like a better word. |
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I actually said I wasn't American twice, so my problem isnt the IRS. My home country is as bad as most but isn't like the US in terms of connecting globally with other countries in terms of tax. I'm from Europe, living in Asia.
People still didn't address my question I think.
How about I put it into a simple sentence.
I want to diversify my BTC into other forms of Crypto but still within the anonymous 'crypto world' be it Ripple, NXT, Qora or something else, so how would you do it with the aim to stabilize your online wealth?
I thought I answered that. There are only two crypto's that right now look to have any staying power and stability... that is Bitcoin and Litecoin. There are dozens, maybe hundreds of alt-coins. But, really, none of them are a good store of wealth at this time, but keep an eye on them a few might rise to the top. |
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Just wanted to let the community know, we have had great discussions with influential alt-coin folks over the last 24hrs. I will have a full plan for the coin out later today, but most of all its about building this community - so keep the feedback coming.
It would be very nice to get some buzz going on this coin. Not sure how the stabilization fund is working... I think the coin was much too easy to mine early on and the miners jumped in an dumped them. At least they are going for about 6x what the doggy is selling for. |
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this coin confuses me... I typically make money fro mining a coin and selling it... I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party. why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins. The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin. hth. |
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The most reliable wallet is paper wallet or web wallet? Is it better to use both?
Just remember a paper wallet is not meant to be used. It is more like a savings account. It is a wallet that has a private key that isn't sitting on your PC somewhere to be found/stolen. I feel perfectly safe using the blockchain.info. However, I'm not going to store a large amount of BTC in it. That's what paper wallets are for. My problem with a wallet that I run on my desktop is I can't access it anywhere. Although, I think Electrum might get around this problem from what I've read about it. |
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Anyway to un-encrypt the wallet? I accidentally did it and It says I won't be able to stake.. DO'H!
As long as your wallet is unlocked, you will be PoS mining. You should certainly encrypt the wallet! |
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Thanks, makes sense....
what website or application do I need to run to have my bitcoins in 'my' wallet free from any 3rd party.
There's several wallets you can run locally. Electrum Armory Multibit BitCoin QT (core wallet) etc. Check out https://en.bitcoin.it/wiki/Main_Page, Lots of info there. |
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