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981  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coins are not scams? on: May 07, 2013, 04:20:08 AM
Honestly;

Not Scams:
Bitcoin
Litecoin
Namecoin
Devcoin

Probably not scams (but unclear, future success unclear):
PPCoin
Bitbar


Bolded is where you lost all credibility. 

Bitcoin is the only genuinely usable coin at this moment.  Multiple exchanges with million dollar worth, broad worldwide distribution, tens of thousands of merchants and the worlds largest computational network are all things that make it stand out, besides being the original.

Litecoin is the only other serious coin right now.  With a 57 million dollar market cap and real differences vs bitcoin it is filling a (small) void.  Litecoin was the first popular scrypt coin and adds a faster but balanced confirmation time.  There will be pump and dump copies but they will all generally fail within six months. 

Namecoin started with a great idea, but lost most of its base when it went merged mining as a response to attacks.  Namecoin could come back if a browser plugin was created for firefox and others that allowed .bit domain names to be read directly by end users with little setup.  Namecoin could benefit from scrypt as well, but I am not sure how that transition could be safely done.  Someone could create a clone with the needed features to make it work or invest in namecoin first and pay devs to implement the browser plugin and possibly profit. 

The rest?  Nothing much to speak of.  Lots of obvious pump and dump scams, pre-mines, and now with bitbar, INSTAMINES. 

982  Economy / Goods / Re: [SELL] iPhone 4S black 16gb on: May 07, 2013, 04:00:10 AM
Ok, this may be a really 'nooby' question but 'Bad ESN' how does that affect usability? What if anything can be done to rectify it so that it can be used? Also: I would be interested in the unlocked one (if by unlocked you mean SIM-card model that can be used with AT&T/Tmobile).
Bad ESN on a 4S means that it cannot be connected to the Sprint or Verizon network in the USA.  It can still be used with wifi (not as a cellular phone) and may be connectable to networks outside of the USA.  Since it is NOT a GSM phone it can not be connected to AT&T/Tmobile. 

Bad ESN is usually for an unpaid bill though it can also be lost/stolen. 
983  Alternate cryptocurrencies / Altcoin Discussion / [wts] white litecoin shirt $18 shipped USA for btc or ltc NOW LESS THEN 1 LTC! on: May 07, 2013, 02:39:40 AM
http://cryptoanarchy.com/store/index.php?route=product/product&product_id=119

$18 shipped in the USA

Available in my online store for $18 worth of BTC, or you can work through messages and pay with LTC.  In stock S-XXL as of time of posting.

984  Alternate cryptocurrencies / Altcoin Discussion / Re: Feathercoin slowing up? on: May 07, 2013, 12:48:24 AM
The confirmations are taking MUCH longer.....  Undecided

That is , because, the difficulty is sky high, and everyone's left the network.

It is taking longer than normal for the few remaining miners to find new blocks on the network.
Now almost to 10 days for the re-target.  Price down even further. 
985  Alternate cryptocurrencies / Altcoin Discussion / Re: Insta-mined on: May 07, 2013, 12:43:55 AM
Insta-mined is already a term.

And it works.  Smiley
986  Alternate cryptocurrencies / Altcoin Discussion / Re: Feathercoin slowing up? on: May 06, 2013, 10:37:17 PM
Could someone explain how does this affect those who didn't left the boat? Do they find more coins?

Blocks will still be found by the people who remain on the network. They won't find more coins, no. Our pool is now at 1/4 of the hash rate it had before the difficulty increase (40 MH/s from almost 200 MH/s) so it's taking us longer to find blocks, but the rewards are much higher to the users still on the pool. https://ftc.d2.cc

Is this the beginning of the end for FTC?

When the difficulty re-targets, more people will start mining on it again I'm sure.

I don't think so.  Price has to go up first.  If price does not go up first, after the re-target there will be more coins being generated (the normal amount).  The price could drop even faster then. 
987  Alternate cryptocurrencies / Altcoin Discussion / Re: Coin Comedy! Joke coins? on: May 06, 2013, 10:03:13 PM

I have a few thousand coins of the others 'just in case'. I'm only applying my time to Feathercoin.


Well I hope you got out while the gettin' out was good.

I heard that same statement back when:

BTC was at $51
LTC was at 60 cents

I'm doing quite well, thanks! Wink

Feathercoin (while I do not consider it a joke coin) does not bring much to the table that Litecoin has not already brought.  In the alt-coin space most flop.  People still buy them 'on the way down' but in the end they usually get forgotten.  Feathercoin does not have a good re-target system and it is showing.  It is slower then bitcoin right now even though it is supposed to be faster, and will not re-target for at least eight days.
988  Bitcoin / Bitcoin Discussion / Re: Wouldn't it be possible to create a MASTER block and start the blockchain anew? on: May 06, 2013, 09:46:16 PM
If you create a new genesis block, you're creating an altcoin.

Exactly.  This new master block would not have the appropriate difficulty greater then the real chain anyhow. 
989  Bitcoin / Bitcoin Discussion / Re: Anti-Bitcoin Socialist Propaganda in New Zealand on: May 06, 2013, 09:43:44 PM
Anti-Bitcoin Socialist Propaganda in New Zealand
http://www.youtube.com/watch?v=zHU298wcLGw&feature=share

Just because you don't like it, and I don't like it, does not make it socialist.  If anything this video is statist and FUD.  The only point that they say is true is that you can't pay taxes with it. 
990  Bitcoin / Bitcoin Discussion / Re: Wikipedia's List of Ponzi schemes includes Bitcoin on: May 06, 2013, 04:37:52 AM
To be fair it doesn't explicitly say that Bitcoin is a ponzi scheme, they state:

Quote
"Bitcoin has been called a Ponzi scheme"

Which it obviously has been called by many critics.

I call fiat currency a Ponzi scheme (it is, the biggest ever). Should I add that too? Tongue
Social security is, literally, a ponzi scheme.

That statement is just as wrong as calling bitcoin a Ponzi scheme.  SS could fail tomorrow and that would still not make it a Ponzi, it is a TAX.   We had a true Ponzi demonstrated in our community, Pirateat40. 
991  Alternate cryptocurrencies / Altcoin Discussion / Re: Coin Comedy! Joke coins? on: May 06, 2013, 04:20:13 AM
Yep, you lost me when you threw bbqcoin in with the other two.

So where are BBQ coins traded? 

BBQcoins are traded at RBCex

I would not call this an exchange either.  This is a spreadsheet.  It is not automated.
992  Bitcoin / Pools / Re: [6000 GH/s] BitMinter.com [ASIC support: var diff, Stratum, GBT, rollntime] on: May 06, 2013, 04:07:38 AM
Another explanation is that some party is conducting a block withholding attack on the pool.  That is:

They direct hashpower at the pool but modify their mining software to not submit shares with a target value greater than X where X is less than the current difficulty.

The result is that they collect coins without every contributing to the pool. 

Such a strategy would be a very viable attack on competing pools.

I can think of several easy mechanisms to address such an attack, but I doubt that any pools do so today.

This is patently false. Please think about what you are saying before you start typing such things.

There is no way to perform a MITM attack or block withholding attack where the miner withholding receives the coins instead of the pool.

He never said that.  On a PPS pool they can do that and still collect the PPS.  On a non PPS pool they also can do it, but they do not collect.  It still is an attack, it is just costly. 
993  Bitcoin / Bitcoin Discussion / Re: WARNING! Bitcoin will soon block small transaction outputs on: May 05, 2013, 11:14:37 PM
May be a small amount, but this will shut down small businesses for sure, this is horrible news.


Like someone said further up, bitcoin is becoming what they try to stop.

Name one other then gambling?  I am not really for this change, but I don't think this is going to shut anyone down.  Someone may need to change though.
994  Alternate cryptocurrencies / Altcoin Discussion / Re: ★★ ▀▄▀▄▀ BITBAR is not pre-mined !!! ▀▄▀▄▀ ★★ on: May 05, 2013, 10:59:08 PM
Instamined
+1
995  Alternate cryptocurrencies / Altcoin Discussion / Re: Coin Comedy! Joke coins? on: May 05, 2013, 10:58:15 PM
Yep, you lost me when you threw bbqcoin in with the other two.

So where are BBQ coins traded? 


https://bter.com/ is working on an exchange.
https://virexa.com/ is working on an exchange.

I don't see it at bter.com:

"Bter.com - Bitcoin Exchange Platform, supporting BTC, LTC, PPC, TRC, FRC, FTC "   

Virexa.com is a test exchange only. 

"THIS IS A TEST SYSTEM
This is a test system, all values here are ficticious, you are not able to deposit or withdraw any amounts. The purpose is solely for testing. We reset the database on a daily basis, i.e. your users will be deleted. "
996  Bitcoin / Bitcoin Discussion / Re: WARNING! Bitcoin will soon block small transaction outputs on: May 05, 2013, 10:15:31 PM
Gavin Andresen has changed the Bitcoin code to block any output with a value of less than 54uBTC:
...

So, what happens when Bitcoin takes over the world economy, and 54 uBTC is worth a lot of money ($54 say)?  Then Bitcoin will only be usable for large-value transactions...  It will be more like the existing inter-bank wire-transfer system at that point...
Maybe use litecoin, that's one of the reasons it was created.

Not really.  Litecoin is FASTER. Litecoin handles micro transactions quite poorly though because the fee is actually higher on a dollar basis than bitcoin.  Until litecoin is patched it costs .1 LTC or about 40 cents for a transaction.  If I were to take litecoin for my $2 orders might actually cost the customer more then Paypal would charge me (in microtrans mode)! 
997  Bitcoin / Bitcoin Discussion / Re: WARNING! Bitcoin will soon block small transaction outputs on: May 05, 2013, 10:10:46 PM
Bitcoin is not suitable for micro transactions. This is all. Nothing new  here, it was pretty obvious from the very beginning that all those dusters are allowed to shit into blockchain only until there are not enough more serious transactions to fill the blocks.

If you want to spam blockchain, patch the client or use another one and hope that miners will be amenable to serve you for free.



Bitcoin IS suitable for microtransactions.  I do transcations shipping items that have actually been smaller then 20 mBTC.  The issue here is that microtransactions are not what is being blocked, what is being blocked is what bitcoiners call dust.  What is being blocked could be called  pico-transactions, and bitcoin is the only system that could potentially handle these but it is problematic.   
998  Alternate cryptocurrencies / Altcoin Discussion / Re: Coin Comedy! Joke coins? on: May 05, 2013, 09:51:53 PM
Yep, you lost me when you threw bbqcoin in with the other two.

So where are BBQ coins traded? 
999  Alternate cryptocurrencies / Altcoin Discussion / Re: Coin Comedy! Joke coins? on: May 05, 2013, 08:57:09 PM
I have lost track there are now so many alt-coins.  Now there is a new catagory, joke coins.  We have BBQ, Junk and YAC at least.  Not to say that many of the others are not jokes either as some are clearly just get rich scams for the creator.   If you have been around here for a while you will notice that ALMOST all alt-coins go to a minimal market cap after three months.  The only exceptions are litecoin and Namecoin (just barely).  

 So why is there all of this interest?  Who is buying them?  Do people start buying them to set a price, then attempt to get out?  I was able to mine a bunch of feathercoins and sell them for more BTC then I would have had if I just mined BTC otherwise.  Someone is taking a loss.  At the end of six months (or less now that there are so many) most of these will be worthless.  




BBQ coin is one of the oldest coins still around.  You discredit you're entire argument by lumping BBQ coin in with Junk and YAC.    

Actually I really didn't really make an 'argument'.  And the joke is on you if you think that BBQ is a real coin.  I am more wondering WHY people want them.  If it is for fun, great!

Justabitoftime helped actually answer my question with his comments. 
1000  Alternate cryptocurrencies / Altcoin Discussion / Coin Comedy! Joke coins? on: May 05, 2013, 08:33:51 PM
I have lost track there are now so many alt-coins.  Now there is a new catagory, joke coins.  We have BBQ, Junk and YAC at least.  Not to say that many of the others are not jokes either as some are clearly just get rich scams for the creator.   If you have been around here for a while you will notice that ALMOST all alt-coins go to a minimal market cap after three months.  The only exceptions are litecoin and Namecoin (just barely). 

 So why is there all of this interest?  Who is buying them?  Do people start buying them to set a price, then attempt to get out?  I was able to mine a bunch of feathercoins and sell them for more BTC then I would have had if I just mined BTC otherwise.  Someone is taking a loss.  At the end of six months (or less now that there are so many) most of these will be worthless. 


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