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1281  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CON] PayCon X13 POW/POS - Now on C-CEX, POW-POS Phase- Get Your CON On!! on: January 17, 2015, 05:03:02 PM
Check out C-CEX:

People have orders for over 3 Million CON, but there are less than .5 million for sale!  The demand is 6 times the supply, prices will soon MetaMorphoMax as people hiberstake CONs in their Loaded Hashbrowners! 

All other money will be worthless and PayCon will rule the world, beginning with this week's Amazon partnership!  Not Amazon.com, but an actual Amazon warrior princess and her seventy-seven loyal pink riverdolphins!
1282  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CON] PayCon X13 POW/POS - Now on C-CEX, POW-POS Phase- Get Your CON On!! on: January 17, 2015, 04:49:59 PM
Does PayCon(CON) have 'prime nodes' staking 1%/day, like PayCoin(XPY) does?

https://chainz.cryptoid.info/xpy/address.dws?119166.htm

Unfortunately we haven't been able to implement that technology - the top scientists haven't been able to duplicate it.  YET.
1283  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Monero under 25 cents? What the hell are you waiting for? on: January 17, 2015, 03:48:23 PM

I was mining Bytecoin towards the end of 2012

According to what I've read, that would have to be a lie. 

If Bytecoin was mined for 2 years before its bitcointalk ANN, then only 10 computers were mining it.

But that's just what I've read.  Maybe you were mining it before the Whitepaper was ever published.  But then you would be one of the premine scammers yourself.
1284  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about garza's speech being cancelled? on: January 17, 2015, 03:29:21 PM
Of course he won't take questions, he doesn't want people talking about how he's a scam artist.

His cloud mining scam started as a textbook Ponzi, which naturally falls apart when there's not enough new money coming in to pay the earlier investors. 

But what if everyone kept their money in the Ponzi and didn't ask for payouts?  Then it wouldn't have to fall apart as soon. 

So how could you convince people to keep their money tied up for even longer?  Switch them over to something else - Hashcoins and Paycoins.  Then, since you're printing your own money, you can pay them as much as they want with this new money.  Because it's worthless.  GAW keeps all the dollars and bitcoins, and gives out fake money in exchange.

But what if you could convince people to keep even their fake Paycoins tied up longer?  Then the Ponzi scheme might survive a few more months!  At this point in the game, the only people left are completely brainwashed or just stupid.  Or maybe they just keep hoping for the best, since all their money is in it and they don't want to admit that they got scammed.  So when you tell them to leave their Paycoins in a "cloud staking wallet", which makes no sense, they still agree.  And they pay more money.  They're along for the ride, and you're in control.

So when you go to the Bitcoin conference, you don't want to suddenly start answering questions from people who aren't along for the ride.  They're not under your control, and you've gotten used to surrounding yourself with followers.  Besides, why should you answer to anyone who isn't giving you their money?  The only ones you care about are the ones who believe whatever you say.  That's your target demographic, not people who need questions answered.
1285  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: I will pay you $1000 if you can attack MMXIV. You have 37 days. on: January 17, 2015, 03:13:59 PM
Why would anyone attack it, when they can just wait for you to destroy it yourself like you did with BALLS?
1286  Bitcoin / Bitcoin Discussion / Re: Bitcoin's price seems to be the final indicator of it's success or failure! on: January 17, 2015, 03:04:08 PM
If the price of Bitcoin had never gone over $1.00, it would be considered a huge success. 

A new virtual currency, made up by some guy and only a few years old, that's already worth as much as the U.S. Dollar?  That's huge!

But then we'd probably need more supply.
1287  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: January 16, 2015, 11:29:48 PM
what is the concensus here? It looks like the devs have abandoned the coin. If they are too busy to work on it, they should give ownership to another dev that can put in time to turn this coin around

Yes, sell:

<@earlz> yea, I'm not really working on FRAC anymore. Not enough time, and too many other projects
<CDarvin81> Ah ok whats the new project? Is it dead?
<@earlz> I'm not going to say it's dead. But the percentage based fees were less effective than I expected at least
<@SkunkMonkey> Sometimes shit just don't pan out Sad
<CDarvin81> Hmm yes will look if i had time after SEPA then i could add some new. Or better let it be?
<@earlz> eh, I think the primary design is just flawed. percentage fees have too many infrastructure difficulties, difficult to properly enforce, and make a lot of legit transaction types expensive
<@earlz> If we make another coin in the future, we might do a swap, but yea. We're not expecting to work on fractalcoin anymore
<+Crat0sW0rk> lot of sell orders just went up
<@earlz> eh


Well they really tried, for 3 months.  I mean, Bitcoin was already huge, 3 months after it was released, so obviously if this coin didn't work out after 3 months then it wasn't worth any more time. 

Good thing the coin still works without devs.  I've been doing my part to get some of those limited 1 million coins, and if the coin needs programming that the devs won't do, we'll find some other programmers who will do it.

But someone is still hosting Fractalco.in, so I appreciate that and I would be glad to donate to help keep that going.
1288  Alternate cryptocurrencies / Altcoin Discussion / Re: Fractalcoin - The most important cryptocurrency innovation of 2014 on: January 16, 2015, 10:34:38 PM
Fractalcoin is still very young.  We all wish we had bought Bitcoin when it was only a few months old. 

Mining rewards for Fractalcoin are still at 1 coin per block, but the coin is limited to 1 million coins and it won't be too long before they're all mined.  After that the only mining rewards are the transaction fees.

And yesterday somebody put up a 1BTC buywall on Cryptsy.
1289  Bitcoin / Bitcoin Discussion / Re: Why "Bitcoin" from "Anything else" ? on: January 16, 2015, 09:11:18 AM
Gyft just announced ebay gift cards!
1290  Bitcoin / Bitcoin Discussion / Re: Sadness on: January 16, 2015, 08:52:13 AM
I use dot matrix printers every day.  I need them, and so does everyone who prints on 2-part or 3-part forms.  So your analogy is fitting, since it shows how you declare things worthless when you are blindly ignorant of relevant facts.

Then you dig yourself deeper by talking about the worth of a dot matrix printer in terms of resale value.  I bought it because I needed to use it, and it has already paid for itself many times over by saving the time and ink it would have cost to print everything twice.  I have personally printed hundreds of thousands of 2-part pages on dot matrix printers in the past 10 years.

Plus, dot matrix printers are still the best in terms of speed for certain applications.  Sometimes they are worth more than other printers.  All the companies that still sell ink ribbons aren't doing it because they're delusional.

As for your inability to understand plain logic, I think you're playing dumb.  Yes, 1 bitcoin is 1 bitcoin.  First you act like you don't know that, and then you say it's so obvious that it's not worth saying.  But then you take the time to point out that 1000 minus 800 is 200.  Very good, you can do math when it suits you.  

But you still can't determine the worth of something when you don't have enough relevant information.  And you don't.  

I admit, your hindsight is very good.  You now know that people could've waited and bought bitcoins cheaper.  Good boy, very smart.  But for some uses, such as buying certain altcoins, 1 Bitcoin still buys the same amount as it bought several months ago.  So it turns out that Bitcoin does have value completely separate from its price in dollars.

For me, Bitcoin is like a dot matrix printer.  I bought it because I needed to start using it immediately, I got my money's worth, and I'll buy more as I need them no matter what the current price.  Of course, since I anticipate needing them in the future, I might buy extra if I think I'm getting a good buy.  Maybe I'll be wrong and they'll be even cheaper next month, but either way I still need them for things that are worth more than I paid.

Get it?  Of course you don't.  But if I need 1 dot matrix printer to do $5000 worth of work over the next year, $1000 is a good price.  If the price later changes to $200, that doesn't take away my printer or the value of the work the printer does.  And I don't want to spend 6 months without a printer while I'm waiting for the price to drop, so I still don't regret paying $1000.  It was still a good buy, unless you want to lend me your time machine so I can take a currently-priced $200 printer back to myself last year.

Here's your quiz to see if you learned anything:  If I buy 1 dot matrix printer for $1000, and it saves me $5000 over 1 year, and then the price drops to $200 - how much money have I lost?  How many dot matrix printers do I have left, after the change in market price?

If I buy 1btc for $1000 and use it to place a buy wall on an altcoin exchange, bolstering buyer confidence and driving the price up, allowing me to sell my altcoin for an additional $5000 profit without actually spending any of the 1btc, then I still have 1btc and $4000 extra dollars.  How much did I "lose" using your math?

I just saw a similar situation yesterday at Cryptsy.  Fractalcoin has been at 1999 satoshis for weeks, but somebody put 1BTC at 1997.  It influenced people, even though .96BTC of it is still there, and the price immediately went to 2499 where it still is today.  Fractalcoin is limited to 1 million coins, and block reward is 1 coin.  The only way to get a lot of them is with Bitcoin.  It doesn't matter how much that guy paid for his 1BTC, it served the same purpose and is worth the same to him as it would have been a few months ago.  And that 1BTC can buy more Fractalcoin today than it could buy a few months ago, so for that purpose Bitcoin is worth more than it was worth a few months ago.
1291  Bitcoin / Bitcoin Discussion / Re: Sadness on: January 16, 2015, 01:04:20 AM

If you spend $1000 on 1 Bitcoin, you have 1 Bitcoin no matter what the market price is.


> assuming the price will ever recover to the same levels you bought in at


+1
I think you nailed it.


1 - 0 = "it depends"

1292  Bitcoin / Bitcoin Discussion / Re: Sadness on: January 15, 2015, 11:57:23 PM


> assuming the price will ever recover to the same levels you bought in at



No, what I said doesn't assume anything.  It's plain English and logic.

If you want 1 Bitcoin for $1000, you lose $1000 and gain 1 Bitcoin when you buy.

If you don't sell the 1 Bitcoin, the changes in the market don't magically take away your 1 Bitcoin.

If you sell that 1 Bitcoin for $2000, you have lost 100% of your Bitcoin.

If you want to talk about opportunity costs, compare it to a vacation that costs you $1000 and 180 hours of your time.  Can you later sell that vacation for $500, or get back any of your lost time?  No, but if you sell your 1 Bitcoin for $500, then you're $500 richer than if you had spent that $1000 on a vacation. 
1293  Bitcoin / Bitcoin Discussion / Re: Sadness on: January 15, 2015, 08:46:40 PM

"You don't lose till you sell."
So right! Are you interested in my super-guaranteed toilet fund?

Instructions to invest:
1) put your money in the toilet
2) flush
3) ?
4) profit

The fund is 100% guaranteed, you will not lose anything until you sell!

You think you're being sarcastic, but your actual advice is to buy high and sell low "so you won't lose it".

It's bad when your mocking scorn is the same thing as your own investment strategy.
1294  Bitcoin / Bitcoin Discussion / Re: Sadness on: January 15, 2015, 08:42:20 PM
how much have you lost?
You don't lose till you sell.
No, that's delusional. You have to value your assets at market.

Incorrect.

If you spend $1000 on 1 Bitcoin, you have 1 Bitcoin no matter what the market price is.  That is what you bought, and you haven't lost it as long as you have that 1 Bitcoin.

If you sell that Bitcoin for $500, then you have 0 Bitcoin and $500 instead of $1000.  Then you have $500 less than you started with, and nothing else.

But you already lost the $1000 as soon as you bought, and you gained 1 Bitcoin.  
1295  Bitcoin / Bitcoin Discussion / Re: Merchants can't dump Bitcoin unless people spend Bitcoin on: January 15, 2015, 07:56:15 PM
But they're buying with Bitcoin at current fiat market rate.

So if the bagholders are willing to part with Bitcoin at current market prices, it doesn't matter if they sell it directly on an exchange or if they buy something and let the merchants sell it. 

Would there be any difference if those same holders sold for cash and then spent the cash with the merchants?
1296  Bitcoin / Press / Re: [2015-01-15] Video: ZapChain interview with Roger Ver on: January 15, 2015, 07:45:36 PM
Does he still think borders are "imaginary lines" now that he's unable to cross those lines? 
1297  Bitcoin / Bitcoin Discussion / Re: Why "Bitcoin" from "Anything else" ? on: January 15, 2015, 06:46:36 PM

@others , please stay on topic .
~ Madness

lol @ you
1298  Bitcoin / Bitcoin Discussion / Re: Why "Bitcoin" from "Anything else" ? on: January 15, 2015, 06:26:42 PM
onewallet.io is set up like ebay, but with everything sold for Bitcoin.  

I have bought from there, and I also have some items listed for sale there.  

It's still small, not many users yet, but all it needs is some time and some more people involved and then we'll be able to buy anything.

And today you can already buy a Playstation 4, a new iPhone, DVDs, a Chromecast, gold bullion, T-shirts, a wristwatch, a bicycle, a remote-controlled helicopter, or some mining rigs.

www.onewallet.io
1299  Bitcoin / Bitcoin Discussion / Re: Merchants can't dump Bitcoin unless people spend Bitcoin on: January 15, 2015, 04:19:15 PM

People buy slowly or sometimes they earn, but merchants dump at a time to pay their expense. Simple.

So...can merchants dump more than they receive?  Or can they dump it faster than they receive it?

Who do merchants get Bitcoin from?  Those customers spending Bitcoin - where do those people get all that Bitcoin?  Enough Bitcoin to support acceptance for 100,000 merchants?   How do they get that much Bitcoin without affecting the market?

If the customers are getting it slowly and the merchants are spending it fast, then there must be a lot more people buying than there are merchants selling.
1300  Bitcoin / Bitcoin Discussion / Re: Merchants can't dump Bitcoin unless people spend Bitcoin on: January 15, 2015, 04:02:05 PM
The volume of dumping bitcoin by merchants is not big enough to impact the price negatively.

And it will never be big enough, unless the majority of people spending Bitcoin are people who don't buy Bitcoin.
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