Latest posts of: Trading

Since cryptonit.net stop trading it, currently, as far as I know, it's the only one, until these ones start trading: http://crypto-trade.com/ and https://virexa.com/welcome/index?currency=NVC

Bitmit.net is now very big. I can't exclude the possibility of a scam from them, but it's remote. Much more remote than the possibility of being scammed here. They are earning a lot. And most sellers don't leave the money there, so they might have smaller quantities of bitcoins on their system than one thinks. Even a small exchange has much more.
I have no relation with them, just used their system a few times and worked.
But there are alternatives, like http://btcrow.com/ and this one is cheaper (1% fee). But I never used them.

You can talk about ripple here, since you are a newbie. Later, the best place is https://bitcointalk.org/index.php?board=67.0

Newbies, better read this.

He used that as a way to pretend to be honest, hoping the other side would give up on using John. He also talked about escrow in his threads. Just scamming tactics.

It seems http://ppc.cryptocoinexplorer.com/ arrives to the total of the PPcoins created simple more or less by multiplying the number of blocks by the current number of coins that each block gives (47178 blocks * 404.68460165572 coins per block = 19,092,210.13691356). However, the amount of coins given by each block was 724.99 about 2 months ago and one month ago was 435. Therefore, their result seems wrong. When I did the math 2 months ago, the amount already was almost 27,000,000.

Search the forum on novacoin, you will find lots of info. There were accusations of premining, but the bigger part of those premined coins were later eliminated. After that elimination, novacoin became an interesting coin, because it's scarce. There are less than 300,000 (see http://coinmarketcap.com/).

At least the money supply of PPcoin (and therefore its capitalization) isn't right. They have much more than 25 million coins. I guess you did the math based on current number of coins per each block. But in the past the amount was much bigger.

Excellent site, it's already on my bookmarks.

Avoid using paypal to sell alt coins, because the buyer can always chargeback (https://bitcointalk.org/index.php?topic=14632.0). As stated, they won't accept the transaction id because it's against Paypal's TOS to use them to trade currency. Therefore, they like to teach lessons to sellers of alt currency and end up supporting scammers that buy them. But since alt coins are digital currency, any deal won't also be protected by their buyer protection system.

No it can't be faked. I posted more details.

You can use bitmit.net: just post anything you want to sell for bitcoins or ask the seller to do the same about something you want to buy. The payment in bitcoins is sent to their escrow system. If the buyer lies about sending, the system will reveal that he didn't already send the bitcoins. Once the bitcoins are received, a indication will appear automatically on the page of the deal at bitmit.net. If you are the seller and sent the goods to the buyer (for instance, another currency), once the buyer click item received, you receive the bitcoins from bitmit.net. If the buyer doesn't confirm that the goods were received, you write bitmit with evidence that you sent (like the transfer id) and they pay you fast. There is a 1.90% fee to pay.
http://www.bitmit.net/en/info/faq

You can open a thread here: https://bitcointalk.org/index.php?board=83.0 and write his name on the subject, to be well visible, but you have to present evidence: post there the transaction id with a link to http://cnc.cryptocoinexplorer.com/ and a scan of the PM where he gave you his cnc address, in order to be clear that you sent him the 1000 CNC.

Scams look like a plague.

Since the account of the real FastCoin seems to have been hacked (https://bitcointalk.org/index.php?topic=197595.msg2094388#msg2094388), all recent declarations of FastCoin saying that this PoolMan fulfilled the deal must be ignored. Fastcoin ended up tagged as scammer because the hacker used his account to scam. At least he wrote to me about the hack just about 5 hours after posting this thread.

It wasn't that the intention.

Take this in account, might save you money.

Perfect evidence. But the tag might take sometime. Now the burden is on the accused person to defend himself. If he does nothing in a few days, people will assume he is guilty. Then you can write John K, the general moderator, too see if he can get a tag to him.

Good point, there was at least a case of fake escrow. The scammer told the victim to send the money to an address, saying it was the one of John K with a copy of a fake PM from John K.