Why would you think this is only a US issue? It won't be. Not only that, many companies from different countries run their businesses such that they adhere to certain US laws even though the country they're based in don't have the same laws. How many of the masternodes will be run out of peoples homes as opposed to being hosted with some other company? How many hosting companies don't allow things like Tor nodes, adult content or anything to do with Torrents? I read somewhere today that a high number of dash masternodes are hosted with amazon. So, what happens if/when some regulations/laws are put in place where hosting companies around the world shut down any accounts that are running anything to do with virtual currency? Over the last few years, how many file sharing/download etc type sites have been shut down? I'll just put this here. Note this was a company based in Hong Kong. http://en.wikipedia.org/wiki/Megaupload

That's actually the biggest issue with purely POS coins. Too many people hoarding them. Course that also alleviates the whole "inflation" thing since (assuming there's actual plenty of adoption of the coin), it decrease the supply which would lead to an increase in price. Doesn't really matter if you're creating 100% coins a year through staking if none of them get into circulation lol.

Thanks guys.

Never get discouraged by how much you "could" have made if you had just held a little longer. As long as you made a profit on your trade, be happy about it because once you give into greed, you will tend to lose far too often.

I haven't really had a good look at the activity of SPR but from what I see right now, I would think about putting a buy order in at 10014, just above the "small" buy wall, and then maybe another one down around maybe 8000 given the dips I see in the chart. Maybe even another down around 4000. It also looks like the coin has almost reached another little peak that will trigger a small sell off which has been a pattern over the last couple weeks.  But like I said, I haven't watched the activity over a few days to see what's really going on there so take that with a grain of salt.

Something else you might want to consider if you do something like that. If you do pick up some more coins, pick a price that's reasonable to sell at given what appears to be the typical trend and then sell an amount of coins that will give you a small profit. That should leave you with some completely "free" coins. It's looking to me like a person could get 5%-10% profit a week while also accumulating a bunch of free coins. I was doing that last year with a couple coins and it worked out really well for me.

Good lord.. Updated my old client to the latest one and I'm getting like 1 connection. Anyone have a config file with a node list they can share?

While certainly interesting and should raise concerns in a lot of people, that was more about whether the currency itself is considered centralized or not. I'm talking about the network, or to be more specific, any functionality that would rely on a "small" pool of nodes that could be compromised.

The FinCen stuff should really raise concerns for those that are effectively paid to run Masternodes, it wouldn't take much to classify them as administrators. There's already issues with the FinCen regulations as by their definition miners can be considered money transmitters and in the same section it says those (think Masternodes that are required for making things anonymous) that transfer currency from one person to another would also be considered money transmitters.

At the end of they day, my entire point is to avoid anything like the use of masternodes etc in order to reduce the risk to the system as they're just not required due to other options being available.

ummm. No they're not. And given human nature, there's no way anyone should want to put any form of "control" in the hands of a few. That goes completely against what the crypto currency thing was originally about. Not to mention the potential legal issues that could come to those running those sorts of nodes if governments decide they're performing some sort of money laundering or get classified as MTSs. It could end up being completely disastrous to create that sort of system and really shouldn't be considered at all when there are alternatives that avoid those risks.

I would hope that with the "decentralize everything" philosophy, that you guys will seriously consider NOT using any sort of masternode system but instead implementing something else like the cryptonote ring signatures or perhaps have a look at what shadowcash is doing.

It's not only about securing the network but also about the loss of coins over time whether them simply being lost in some wallet (like the guy that threw away a hard drive he had that had something like $4m worth of bitcoins on it) or someone accidentally burning some. Beyond that, as adoption of a coin grows, you'd also want to have more in the system. Frankly, the whole "inflation" thing people have against reasonable % POS coins is just a load of crap.

Simply not true. And neither does the best tech always win. The best marketing and adoption is what wins even with inferior tech, history has shown that time and time again. SDC has great tech etc but it's real problem is going to be it's name when it comes to real adoption by businesses and the masses, as the Darkcoin rebrand has shown.

They're both crap. Neither one of them has anything in their ANN about how they plan to go beyond being just another coin geared to exchanges and this "community". The "Advertising" part of Viral is just a gimic to try and differentiate them. Cryptofocus looks more like an App that just happens to have coins involved. Neither name looks to me like something the masses would accept as being currency. So basically, neither one has any future.

In terms of the poll, Viral will probably do more than 100% simply because of certain peoples involvement. But once they're out, it will die like most others.

What the heck are you talking about. The price has more than doubled since the beginning of march. Far better that there's a steady rise over time than "pumps" in price.

If you're not doing it for the money, then whether it lasts or not shouldn't really matter should it? lol

You could play around with spreadcoin for a bit at least. When it first came out you could only mine it with a computer which was fun to do, first and only coin I've mined to date. Now you can use some version of cgminer and your GPU to get some. The original dev has left but there's new guys working on it and it's lasted for several months now. Given it's a coin that barely anyone knows about, I'm really surprised at it's price and volume on bittrex. Was a long time before the coin even got on any exchanges.

In terms of exchanges, my preference would be Bittrex even though, without some minimum volume, they're very quick to delist. Sort of a catch 22 with those guys. Not to mention Bittrex seems to be the primary home of PnD type activity.

As for "massively adopted", you need far more than just exchanges. You're going to need to get some faucets out there, some things like dice games and then start out of the box (this community) thinking for other things. I've always felt that cryto would be a prefect match for ingame currency for some mass market type games. Think facebook type stuff.

Ah ok. Then doing the same here would make sense. Thanks.

Been awhile since I've been around so not sure about what's all happened. But why would you not use darkcoin DASH? That's what the original coin was based on.

I always have problems with syncing using multidoge. As for the other receiving addresses not showing up? I can't remember for sure but don't you have to import each of those seperately?

You might try posting in the doge thread and maybe even contacting the dev of that app directly.

Don't know if barabbas has always been like this but he's extremely jaded that's for sure lol.

The interesting thing about what I would consider "real" devs who are in it more for the tech than anything else, they all seem to disappear after awhile, Satoshi for example, leaving the coin to either die, or be maintained/developed by those that are more interested in financial gains.

Thing is, those sorts of coins are out there but since they don't get hyped, no one looks at them and thus they have no chance what so ever to really succeed. There was a coin called spreadcoin last year based on the darkcoin source but with a couple differences. For example, the dev had made it so that mining via pools wasn't really feasible and you could only cpu mine. Was fun to do and felt like what I imagine the early days of bitcoin were like. Course, he succumbed to the pressure to get GPU miners running for it. Not sure if it ever really made it onto any real exchanges since there was only a handful of us interested in it. Apparently he's been awol for a few months now and so someone else is trying to keep the coin going. Qora is unique but again, there was no hype and it's simply floundered. The dev just coded and end of last year finally released the source and "disappeared" in the same fashion of bcnxt.

At the end of the day though, these are all currencies, so of course people are interested in financial gain. The moment bitcoin started being traded, it stopped being about anything other than money.

In terms of the original Ops question, I really don't know if long term holding is really feasible unless the coin is backed by a team of developers with a passion for more than "just" the money. I'd look at "older" coins that are still plugging away. I've been away working on a project for a few months but I see that a lot of the older coins I was looking at are still at roughly the same prices, some up, some down a bit. Interestingly, so many "anon" coins that were PnD driven are pretty much dead but I was surprised to see that SDC has doubled in price since I was trading it. I'm not 100% sure, but I don't think there's ever been any major PnDs with that one as they seem to have steered clear of all the PnD guys. Now I'm kicking myself for not continuing with my 0% profit accumulation the last few months lol. Pretty much the story of crypto currencies, kicking ourselves in hindsite.

Neither.  Bobsurplus has done far more to "destroy" coins.  lol