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1201  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [VRC] | VeriCoin | POS-NSDI | VeriBit | VeriSend | VeriSMS | SuperNET Core on: December 01, 2014, 03:55:09 PM
Where are the good, old, tired Vericion bag holders? There are not even bagholders left in this failing operation? :-)))
1202  Alternate cryptocurrencies / Altcoin Discussion / Re: THE WALL OF SHAME on: December 01, 2014, 03:53:51 PM

Zimbeck is a very talented young man and it is sad to see that he ended up in assisting a shameful money collecting operation.

Well the jury's still quite out on Zimbeck... he seem to have had some talent... for chess. He ranked like 37th at some point I believe -which must be quite hard to do, but not difficult enough to make a living at it-, and he even published a book of chess puzzles ... that doesn't sell any copies either in print or digital form. Other than that, at 31, he's a total failure going nowhere soon having miserably failed at being an actor/model (he got to do a few sessions as an extra in movies and commercials), having even more miserably failed at being a "producer" - I believe somehow he produced a short film no one ever saw-, and even more miserable fail at being a photographer and, at 30, managed to see himself drowning on debt... which are not precisely the "achievements" of "..a very talented young man".

The Black Halo protocol is one that no one uses, no one will ever do, that has brought to Blackcoin nothing but misery, since the price is stagnant at all time lows, 92% from ATH and quickly drifting to shit. Black Halo, smart contracts and Nightmarket or whatever other shit included. So the way I see it Zimbeck is just an opportunistic  individual being paid by scammers -if not being the main one himself, which is the most likely-, to front a scam of pretty big proportions and that is already actively in progress but that, even as scams go, has been caught on time and, consequently, will be aborted in mid-progress. It HAS been aborted, already and Zimbeck and his employers are unable to keep unloading more than a very few BTC per day and at prices that will hit below 200 sat any time now. Since Zimbeck himself absolutely needs to get rid of his stack to cover debt, the unloading will continue and so will the price "progression", while this scam will quickly engross the checkered (pun fully intended) past of this questionably "talented" (relatively at 31 -- happy birthday, by the way...) young man.

I was referring to the talent regarding mainly to the chess master role. Being an amateur chess player I appreciate the talent of accomplished chess masters. Apart from this, it seems your assessment is quite accurate. It seems David is a nice guy by default configuration, he just doesn't know what he is doing regarding to the Bitbay project, but this in the case of an ICO where peoples' money is involved could be a fatal mistake.
1203  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open on: November 27, 2014, 05:10:27 PM
OK boys, here in the UK is 5 PM, I need to go.

It was a pleasure to spend my valuable high school, work, office, retirement home (substitute the version which you wish) time with fine gentlemen like yours talking about this scam and in general about altcoins, Bob, Blackhand and all other ver-very serious issues. Good luck with your BitBay investment ... if you want to avoid massive disappointments -  sell it now.

1204  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open on: November 27, 2014, 05:01:29 PM

Then why are you even here then trading? (like anyone)

The fact that most of altcoin is a scam doesn't mean there is no money making opportunities, does it?
1205  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open on: November 27, 2014, 04:54:01 PM
"that very professional and seemingly hard working dev"   such nice words. I can remember a half dozen posts of you just mercilessly shredding him.

I don't think you have any clue of how everything works. If it was 10-20 BTC I could understsand but if you somehow claim that 3000 BTC were transferred to an exchange to buy BitBay. It's laughable. Not even logical in any way. You're forcing everyone to make fun of you by bringing your own theory with no proof behind it.


Oh dear ... it seems you are not one of the scammers but one of the idiots who believes in the wannabe rich fairy tales, and you must be very new and certainly don't understand the basics of a P&D operation. Who the fuck said that the Bitbay team bought the whole 3000 BTC?

Let me ask you this.


No, let me ask you this: why it bothers you we are talking about a social and business phenomenon in this thread that in this case manifested in a money collecting party like BitBay. Talking, debating and exchanging views about interesting things like this is pretty normal in my opinion, but how that can be normal that trolls like you interrupt the conversation by asking why we talk about something  ... on an internet forum ... that is by definition for talking ... do you have a life at all, because your 24/7 presence here is complete worthless.
1206  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open on: November 27, 2014, 03:18:04 PM
"that very professional and seemingly hard working dev"   such nice words. I can remember a half dozen posts of you just mercilessly shredding him.

Yes, and once he handled professionally that scenario I admitted that my judgement was rather premature, reviewed his posts and then I found his hardware related post to me and then my skepticism was gone. In contrast with the hardcore cheerleaders of this thread who desperately try to keep this money party alive, I don't have any agenda, I am just an investor and I am willing to change my mind if the facts indicate that I was wrong, which I probably was about the TileCoin dev.

As for the Blackhand, if Bob is involved with this party (which he is), why it is so irrational to assume that the Blackhand which was pushing the hell out from Blackcoin and Vericoin is involved too? Zimbeck is a BC guy, of course you have to assume that he pulled the Blackhand into this party ... we both know someone pushed together this ICO, either Bob, Blackhand or someone else, because  that large volume simply couldn't come from the free market, there is not such liquidity on the market.   
1207  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open on: November 27, 2014, 03:02:20 PM
Hahaha AltcoinUK complaining about the quality of other people's posts & history?  .....that's rich.  rich enough for thanksgiving day.

AltcoinUK moves like a psychotic cloud from thread to thread raining fud wherever he hovers. This thread was actually civilized for 20 - 30 pages ...why? ... because he was off fudding the Tile thread .... ? ....go check.  you be the judge.

Fuck off :-))) Read my last post on the TileCoin thread, I gave them a valid, very constructive and helpful comment on their hardware strategy and PCB, basically I brought more to their table in one post than the clueless, loud and useless Chinaman brigade combined :-)))

Hohoho, that's the Thanksgiving spirit! serve the potatoes and pass the profanity please!

Valid constructive criticism?? ??  Man, share the drugs you are on, so we can see the fud thru your happy eyes. You have been a one man wrecking ball on that thread. Logic and facts were no obstacles to you there either.  "Clueless loud chinamen." Rasism anyone?

And here you are oblivious to the  facts endlessly. Like ... ico on bter had a completely different liquidity pool. Supernet sold what, two - three times as much as Bay without missing a beat. Rants about newbie accounts. Yet everyone who has been patiently trying to remove the log from your eye are full members or above."dumping below ico price"  is fine rhetoric - we expect nothing less from you when you take a short break from the racism & profanity - however the volume is minuscule ("dumping"?) and it is less than 10% below ico. Supernet is currently twice as far below ico. Maybe you should go over there and rant. Lots of chinese folks there too.

There are some valid points in your post about the Supernet volume, however James (jl777) pulled off that move just before the market dried up. Additionally, he admitted that he put himself lots of money into that ICO and he never denied that the NXT community was investing heavily in Supernet. In contrast here my posts were deleted when I pointed out that probably the Blackhand group is very much involved with this money collecting jamboree.

As for TileCoin, there is no point back and forth arguing about it, but again, read my last post about their PCB that indeed brought lot more to the table than the Chinese fuckers whom profanity and useless cheerleading cause more harm than good for that very professional and seemingly hard working dev.
1208  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open on: November 27, 2014, 02:39:55 PM
Hahaha AltcoinUK complaining about the quality of other people's posts & history?  .....that's rich.  rich enough for thanksgiving day.

AltcoinUK moves like a psychotic cloud from thread to thread raining fud wherever he hovers. This thread was actually civilized for 20 - 30 pages ...why? ... because he was off fudding the Tile thread .... ? ....go check.  you be the judge.

Fuck off :-))) Read my last post on the TileCoin thread, I gave them a valid, very constructive and helpful comment on their hardware strategy and PCB, basically I brought more to their table in one post than the clueless, loud and useless Chinaman brigade up to date combined had :-)))
1209  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open on: November 27, 2014, 02:33:02 PM
Yes, he isn't always correct and I have lots of disagreement with him, but in this case he is of course spot on. There is no 3000 BTC on this market, it's quite obvious for every sane person, and it's clear, this coin and operation has never collected 3000 BTC on the free market - majority of that ICO bought by the organizers of this thing.

OK... first some actual facts should probably be involved in this... there's no 3000 BTC... never was.  That figure is based on all coins being sold at a price of 300 sats - and all coins were sold before it even reached that price.  Secondarily the coins are held and released from escrow on a schedule (although outlined a few places in this thread... HERE is a summary for you).

The 'majority of the ICO coins' might well have been purchased by the organizers... but only if they are literally the worst planners in the world.  I could buy the 100BTC single transaction purchase during the first few minutes of the ICO as being an 'insider trade' - but everything after the first price tick was pretty even and consistent... so if they're making money dumping at a loss - while still not getting all the escrow'd coins due to milestone releases not being hit yet... they're the dumbest smart guys in history possibly.

When you couple that with the fact that I know one person that holds a decent chunk of BAY personally, and I hold a much less decent chunk myself... yet the 'evidence' (which actually still hasn't been presented in a single provable manner) all comes from those without any stake whatsoever in anything... and I think it's clear which is more reasonable.

NOTE: I'm not saying he couldn't be correct this time... but I just haven't known him to use facts pretty much ever in his long monologues.  He's often confused about simple aspects of blockchain functionality, coin code, and the identities of people involved.  But then again, he loves claiming that I'm a puppet account or provably a member of the 'black hand' or whatever bogeyman is running around this week... so take it for what it is... my 2 cents. Smiley

The flaw in your logic in my opinion is, that if the organizers of the ICO bought the majority of the coins - and it is obviously the case as there is simply not enough liquidity on the market that supports such a volume - then any BAY that they sell even at 10 statoshi price is a pure profit, as the BTC is certainly will be released to the organizers. Of course David Zimbeck will meet with the release criteria and the BTCs will be released, so they can sell the coins without any risk for any price. The issue is, the compliance with the release criteria itself doesn't make this operation legit. The comical business plan with the team including Nico from Russia who loves dog and Holly from Taiwan who has a family (and really ... this is from the professional description of the team members who of course perfectly capable to challenge eBay but unable to reveal their professional credentials apart from that they love dogs and they are having family).

I appreciate your civil post and opinion, but if nothing else the so many newbie account that push this operation so strong in this thread isn't a warning flag for you? Isn't it the basic ingredients of any scams precisely what the so many newbie nicks do in this thread? Apart from the circumstantial evidence of impossible large volume, isn't the desperately arguing newbie accounts enough to be very skeptical about the honesty of this operation? Isn't it fact of dumping below ICO price also a red flag? No legit investor would sell under ICO price, why would they? Selling under ICO price is only make sense  for the organizers who bought the coin  and sell it at any price as they have (will have) the BTC back anyway.    
1210  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open on: November 27, 2014, 01:08:37 PM
Our educated community member Barabbas explains to you who is selling and why

The source completely invalidates the result here.  Roll Eyes

Although when he's wrong he conveniently omits that information (see Libertycoin), he basically does nothing but spin conspiracy theories for a select few disciples... naturally, on this site calling everything a scam or fraud is definitely a pretty safe bet - but sorry, I've done pretty well by ignoring him so far... figure I'll keep going with what works.

Yes, he isn't always correct and I have lots of disagreement with him, but in this case he is of course spot on. There is no 3000 BTC on this market, it's quite obvious for every sane person, and it's clear, this coin and operation has never collected 3000 BTC on the free market - majority of that ICO bought by the organizers of this thing.
1211  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open on: November 27, 2014, 01:03:08 PM
the people who never interested with bitbay
just go away
we don't need your oration

just sell your bag while you still can Grin

Though not all of the enthusiasts and believers are bag holders here. There are many noob, secondary, third and puppet accounts here utilized by the organizers of this scam to state how much this is the future, 1 bilion $ market cap, etc. ... and of course that someone is driving the price down and spread FUD, which is the most clear indicator that they already started to dump the thing. When you see arguments like that FUD argument, then it is the clearest indicator that the dumb is very much ongoing already and they desperately want to trick new and naive investors into the operation.

Of course there a few bagholders here too, but many of the "supporters" are just the organizers of the scam.
1212  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open on: November 27, 2014, 12:48:16 PM
The only solution to the above posts is progress. If or when promises are delivered these post will fade away. I agree $1.00 per coin is a bit much and sounds way too good to be true. Also, there has been a lot of dumping of coins bringing the price down. Where are they coming from and why would you sell for less than you paid is a great question. This is why I wanted to know if fees would be charged for use of BitBay Marketplace. I would much rather pay a small fee per transaction to support development than have all the money made up front by selling off coins. This ensures a long term payment system for developers. I feel like we are being told what we want to hear right now and this does not support a healthy community.

To be clear. I want to see BitBay successful.

No it's not a question at all, it's very clear who is selling. The organizers of this scam who bought their own coins are selling, and the rest, legit - but naive - investors are wondering who is selling. Our educated community member Barabbas explains to you who is selling and why at

https://bitcointalk.org/index.php?topic=644093.msg9659046#msg9659046


1213  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [APEX] BlockNET | PoS Phase, MULTI-Wallet with Exchange, GAMES on: November 27, 2014, 11:28:58 AM
Good progress.
1214  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open on: November 27, 2014, 11:25:24 AM
that is something that i hardly understand too. why would you sell less of what you paid?
unless there something wrong with the coin of course

Plenty of reasons... Maybe you really need the BTC to pay some bills. Maybe you want to try and induce panic selling in weak hands so that you can buy up more at cheaper prices. Maybe you are one of the fools who are easily manipulated into selling for cheap. There are a lot of reasons why people do the things they do in the market.


Thanks Captain Obvious!

I think what they mean is they don't undertstand the reason this IPO is selling at below the initial price, my first thoughts are it was overpriced or some serious doubt surrounding what seem like pretty incredible promises. Now I've read through I also am confused and wondering what I missed.

What did I miss? The wallet seems legit, is there doubts about the market working out?



What did you miss? Oh dear ... You missed the fact that this ICO was a desperate scam in the first place when the majority of the coins were "purchased" by the organizers of the ICO, and then - as they have the BTC and the "purchased" coins as well  - they are dropping the coins at any price, even selling at 200 satoshi is a pure profit for them.

Here are the answers to your question

https://bitcointalk.org/index.php?topic=644093.msg9659046#msg9659046

https://bitcointalk.org/index.php?topic=857457.0
1215  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 25, 2014, 06:38:43 PM
Just reading the bullshit in this thread is like watching Fox Five news...

If we can estimate that there are around 1million Bitcoin users globally and most don't even own 1 single Bitcoin(according to a survey done here on bitcointalk). What does that tell you?

That tells you that the people with serious money aren't in the game yet, or not enough of them are. If you guys count these small million dollar marketcaps and etc, as Bubbles, then you need to rethink. Most people don't know Bitcoin exists, they don't own any Bitcoin, and aren't inclined to atm. When the average joe starts rushing to buy Bitcoin and/or altcoins, then that's when things really begin.

As of right now, you're all early in the game.

That's absolutely correct, and highlights as well why you are completely wrong: people with serious money having serious money because they know how to invest, and people with serious money, plus VCs and institutional investors certainly will not invest in shitcoins that loose 90% of their values in 3 months. There is enough data by now to make conclusions about shitcoins - and you can see on the current market what's happening when such conclusion is about to be made.

Bitcoin is a different matter, Bitcoin will be fine.

You have no idea what you're saying. Bitcoin startups has had over 200million in VC investments. Bitcoin obviously lacks the ability to just add on w/e features it wants because of politics and the rest, altcoins however are free to do so.

This phrase; "Bitcoin is a different matter, Bitcoin will be fine.", is 100% bullshit as well. Bitcoin on it's current track without intervention will inevitably fail due to being partly centralized by mining farms. Altcoins are new, they don't face such centralization, yet, so if any investor wants to invest in the cryptocurrency scene, he'd go for promising altcoins as well as Bitcoin. Until large investors can soundly invest a cool 100million in a cryptocurrency without raising the price skyhigh, then we haven't reached "mainstream" yet.

Take you bullshit, biased, beliefs elswhere. Your opinion doesn't matter, you can't define something as a "shitcoin" because it doesn't meet your expectations of what it should deliver and when etc. And as I said earlier, these small single digit million dollar marketcap's that some people think is "High", for altcoins shows that this entire cryptocurrency scene is just in the beginning.

I am well aware of the VC investment in Bitcoin start-ups and the fact that the Bitcoin ecosystem has been developing validates my argument that Bitcoin is a unique position, as I said a different matter.

As for the shitcoins, of course I can define what shitcoin is: virtually all altcoins as none of them has a viable use case. There are a few exceptions what I said to Barabbas in this thread, like the BRO gambling coin and a few technology coins, but I also admitted that even the aforementioned few with viable use cases have a remote chance to be successful.

I think your desire to succeed in this shitcoin field makes you blind and you ignore the reality, that's all right, I am just saying :-)))
1216  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 25, 2014, 05:14:22 PM
Just reading the bullshit in this thread is like watching Fox Five news...

If we can estimate that there are around 1million Bitcoin users globally and most don't even own 1 single Bitcoin(according to a survey done here on bitcointalk). What does that tell you?

That tells you that the people with serious money aren't in the game yet, or not enough of them are. If you guys count these small million dollar marketcaps and etc, as Bubbles, then you need to rethink. Most people don't know Bitcoin exists, they don't own any Bitcoin, and aren't inclined to atm. When the average joe starts rushing to buy Bitcoin and/or altcoins, then that's when things really begin.

As of right now, you're all early in the game.

That's absolutely correct, and highlights as well why you are completely wrong: people with serious money having serious money because they know how to invest, and people with serious money, plus VCs and institutional investors certainly will not invest in shitcoins that loose 90% of their values in 3 months. There is enough data by now to make conclusions about shitcoins - and you can see on the current market what's happening when such conclusion is about to be made.

Bitcoin is a different matter, Bitcoin will be fine.
1217  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M on: November 25, 2014, 05:07:17 PM
We are looking for test users to stress test the forging feature and security of the software. Please let us know if you are willing to run a peer node and we will create an account for you on the GadgetCoin test network. First we will run your node in our test network and later the node will run on your computer. It would be great if you could allow to run the node on a completely empty dedicated Linux virtual box to which we could remote log-in to monitor the node. The participating test nodes will forge coins and all coins will be transferred to the live genesis block to say thank you for your help in testing and finalizing the software.



I am happy to help. Our business have plenty of Linux virtual machines. These are low end 1 GB memory boxes. My understanding was from what you said in this thread that low end boxes could run the nodes. Do you need SSH access to the boxes? How many you need? 1, 5, 10? How many forged coin could we get from one node/box?





Wow, thank you very much, 10 virtual box would be great and 1 GB memory would be more than enough. Could you email the access and login details to developers@gadgetcoin.org please? Also, please email the account names you want to use for each node. The account names you give us will be the live account name of the nodes as well. Alternatively, should we use the altcoinUK01 - altcoinUK10 account names?

The forging intensity determines the number of forged coins. Forging intensity is a configuration setting, similar to the Bitcoin difficulty setting. We start with a high setting value to reward our early adopters and helpers with "free" GadgetCoin, but we don't know exactly how many forged coins will be by the end of the test period. One of the purposes of the test is to fine tune and finalize our forging algorithm.



No problem, I am happy to help, especially if the forged coins will be redeemed in the live network. I will email you the requested config details and don't create the node accounts, I will email you the account names I want to use.
1218  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 25, 2014, 05:01:41 PM
coins that still have pump and dump value will not die. They have their usecase.

I am sure they are perfectly suitable to be a P&D target, but their are no buyers anymore and there won't be new buyers. The historical data indicate that no altcoin can keep never mind increase its value, therefore it is not a good investment target. It was great, it attracted lots of investment one stage, they have their tun, but that's it.
1219  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 25, 2014, 04:56:58 PM
tulip mania has nothing to do with crypto currency. The demand is there because the honesty of Fiat money was not there and we keep seeing that its leaking from every side.

Crypto can fix this with decentralization.

You are quite right that the corrupted banking system, organizations like JP Morgan makes decentralized digital currency a very appealing proposition for millions worldwide, but Bitcoin is perfectly capable to address the issues of the existing banking system and FIAT, and the issue has nothing to do with the rest 500 BTC clones altcoins, including Litecoin.

And of course greed and willing to take risk to become rich (the very same things that caused the tulip mania in the first place) have everything to do with the altcoin bubble. The 1637 dutch tulips and 2014 shitcoins were both valuable at one point because an investment, "get rich quick" bubble was created around both commodities.
1220  Alternate cryptocurrencies / Altcoin Discussion / Re: THE ALT CURRENCIES BUBBLE IS BURSTING... on: November 25, 2014, 03:51:47 PM
as long community's keep growing, no altcoin will disappear everyone said the same thing about Litecoin and look they managed to get up to 50$.

The only thing what will disappear are the different paper money which is being used by Banks at the moment.

I disagree. You're talking about a one off event like the Litecoin and similar altcoins story. The Litecoin story doesn't indicate the altcoins have any places in business (see the arguments about the uselessness of altcoins), but proves that the 1637 Dutch tulip mania can be repeated. Altcoins had their run. A bubble had been created during this run, the scams took the money, but the bubble naturally once must be bursted an then it will be gone.
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