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s1gs3gv sorry few steps back btw what private property is BCX being destructive of? He's just doing some security testing, and even explained how to secure your coins until testing phase is over.
If the coin doesn't recover from the testing I'd say its the devs issue.
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"Judge, I exploited fake money (that a few people where trying to make real money out of) on the internet..."....hmmmmm "Judge. All I did was exploit a design flaw in a door with a lock pick I invented myself and smashed up a few things because I didn't like the way the house was built..
So, you see, its all the door's fault.
~~XCB~~
Ok, lets talk about whether crypto-currencies are fake money or represent value (property) that some people may have spent time or money to acquire. More to the point is how a present day judge would perceive it; on that note (and the fact we are talking Auroracoin here) I'm willing to stick with the fake money. |
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Cryptsy went way over the top, then CoinEx followed to keep up. Half the coins added now seem to crash immediately.
Fair enough if it is about business, but I wonder whether in the long-term it will really pay off.
You hit a point where you just won't bother with anything other than BTC, LTC and maybe a small handful of promising coins.
+1 |
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"Judge, I exploited fake money (that a few people where trying to make real money out of) on the internet..."....hmmmmm "Judge. All I did was exploit a design flaw in a door with a lock pick I invented myself and smashed up a few things because I didn't like the way the house was built..
So, you see, its all the door's fault.
~~XCB~~
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More a love/hate relationship, where else would I dump my crapcoins? but seriously on the established coins hardly the volume there to trade, so rarely do anymore.
What are you talking about? AUR just had 6000 BTC/ 24hr volume ROFL.... ~BCX~ I wouldn't roll on the floor laughing, he said "established" coins had no volume. So the joke is on you, fella! BCX was speaking in jest  |
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More a love/hate relationship, where else would I dump my crapcoins? but seriously on the established coins hardly the volume there to trade, so rarely do anymore.
What are you talking about? AUR just had 6000 BTC/ 24hr volume ROFL.... ~BCX~ Yes, yes and via a nice downtrend lol |
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More a love/hate relationship, where else would I dump my crapcoins? but seriously on the established coins hardly the volume there to trade, so rarely do anymore.
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As someone who has lost out in BCX testing methods (I'll ignore the 'LOL' arrrrg)  , I say thanks for the headsup this time  Well if there is a possible exploit the sooner its tested out the better for everyone. We're all beta testers here, all fun and games when we are making nice profits, but few can handle the downside  Want less risk, DYOR and avoid dodgy (well the dodgiest) coins. |
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Markets showing all the signs of market saturation, and what does cryptsy do; add more coins  You all know where this is heading? Well it'll end up just being the newest pump n dump coin everyone will pile into, leaving the old to slowly die (except a few hardcore followers), then repeat, repeat, repeat.......yeah cryptsy will make fees of the lastest coins, so it'll be indifferent to them, but it'll help destroy alts on the most part. Whats needed? A decent exchange, that limits the coins it adds, does research on said coins and only adds coins that meet a certain standard. |
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Agree with you on having reached saturation point (yet coins still being pumped out at an insane rate).
However define 'survive', many coins could chug along for years with little but a core interested group of people.
imo if we had a core group of 'bluechip' alts then overall chances of cryptos succeeding (ie becoming something more then just trading tokens) would be greater.
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Because its not HUGE. A singular person from Lakota tribal council (who also admittedly knows nothing about cryptos) has stated they will accept Bitcoin and all cryptos, then a few devs started and shoved Mazacoin their way. Strikes me as odd that anyone would consider Mazacoin as special when they intend on accepting all cryptos (and as stated as long as they can trade them directly for USD.......hmmmm). The lack of interest in the Wallstreet Journal Article (This is HUGE) strikes me as somewhat odd.
Mazacoin provides a sort of legal stability that no other coin, not even Bitcoin, has. Sure, Maza is subject to the same pump and dump and other risks that every other coin has, but it has one thing no other coin has. It's an indisputable official currency. If every government decides they don't like these coins (and they don't) and ban them tomorrow, where are we safe? Mazacoin.
Do people not understand what that means? Hell, even if you're only in it for the short term you have to recognize the value of the publicity surrounding this coin. Right now Maza is sitting at a Market Cap of about $ 2,941,865. Think about this. A total evaluation of wealth for the Lakota Native Americans of under three million dollars? Are you kidding me? These coins are three cents a piece right now. The Lakota tribe(s) are NOT small. This is a cryptocurrency revolution we're talking about.
I get the Auroracoin Pump and dump. It makes sense. But I think it's foolish for people to hold onto those coins hoping this guy does what Mazacoin has already done.
Ignoring short-term publicity and profitability entirely, I think it's well within reason that these coins hit a ten, twenty, or one hundred million market cap. We're talking the economic strength of tribes that hold the equivalent lands of all of South Dakota, plus all the investors.
3M is a pittance. Hopefully people realize this before it hits a dollar or more a coin.
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I get tired of the scam accusations against numerous coins so i'll throw one out there. Isn't it a conflict of interest that Charlie Lee's brother owns the world's biggest Bitcoin exchange? What better way to enrich themselves than to create a coin, market it as the "silver" to Bitcoin's gold, hype it up for a year to get people wondering when it will hit BTC China, then finally unleashing it and making huge profit off the sale of it?
See how this game is played?
However the creator of Litecoin never premined nor has ever been a big holder. It became successful because the creator didn't create it out of greed. Maybe nothing in this game is perfect but it was the fairest of the time when acceptable standards for a new crypto were considerably higher then now. |
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So many exist because all are crap, if a good one came along all existing would die.
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If you are serious I wouldn't add any of the newish coins, nor too many over time, don't become another cryptsy (ie just a place to dump scamcoins). Hello, CryptoAve.Com is now live and I would like to add one more crypto to the offering. We have both BTC and USD markets, USD account verifications just started today. Already Offered: DGC/LTC/SRC/ARG/PPC What coin should it be? Why should it be that one over the rest? Regards, Baritus |
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Also, you need to do some research to claim that Mazacoin doesn't have approval from its tribal governing body (which it does).
Yeah yeah singular member of the Lakota nation council looks at the idea of using bitcoin as the official currency after its promotion by a singular member of the Lakota nation. They look at the idea of accepting all cryptocurrency and they are approached by a dev team that wants to push forward their own scam coin, hence the creation of yet another unnecessary scam coin. You need to spend time reading the documents rather than coming up with some speculation about this. Here is the original article in Forbes magazine back in December that talks about it: http://www.forbes.com/sites/jasperhamill/2013/12/19/native-american-activist-wants-to-swap-the-dollar-for-bitcoin/Read that article and 10 more like it, plus several video interviews with both that activist and the tribal council member (With the tribal council member stating clearly on several occasions he doesn't understand cryptocurrencies). Prior to forming my opinion. |
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Also, you need to do some research to claim that Mazacoin doesn't have approval from its tribal governing body (which it does).
Yeah yeah singular member of the Lakota nation council looks at the idea of using bitcoin as the official currency after its promotion by a singular member of the Lakota nation. They look at the idea of accepting all cryptocurrency and they are approached by a dev team that wants to push forward their own scam coin, hence the creation of yet another unnecessary scam coin. 2 individual members of a nation can't suddenly declare it the legal currency of a nation (unless of course its a dictatorship). |
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Individual coins for each nation scams  You mean like the liberty dollar was a scam? So trying to change the world is a scam now, gotcha. I'm sure the fiat masters want you to think that way. What did the DA call the liberty dollar? Oh right, a unique form of "domestic terrorism"(!) You certainly miss-interpreted what my statement was inferring. |
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Under international law BTC would be legal for indigenous populations to use regardless of its legal status in the country they reside in. As under international law indigenous populations have the legal right to adopted and use any currency they choose, independent of the host nation.
Having said that Mazacoin looks simply to be a scam coin thrust on them by someone claiming to have created the coin for them.
I think you are mixing thing up. There is a very big difference between declaring a coin as the legal currency of a nation and the legal use of a currency. I think you got what I wrote mixed up and read into it what you chose too. I never said anything about legal currency of a nation, I simply said under international law indigenous populations have the legal right to adopt and use any currency they choose. Having the legal right internationally doesn't guarantee the host nation will allow you too, many nations consistently violate international law, with little or no repercussions. |
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Under international law BTC would be legal for indigenous populations to use regardless of its legal status in the country they reside in. As under international law indigenous populations have the legal right to adopted and use any currency they choose, independent of the host nation.
Having said that Mazacoin looks simply to be a scam coin thrust on them by someone claiming to have created the coin for them.
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Individual coins for each nation scams |
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