Trust me, if I knew there weren't shareholders out there that could make sense, or take away something useful from my posts then I wouldn't even bother. I am certainly not doing this for the doom and gloom brigade but for the many shareholders who want a bit of balanace brought to this thread. I am absolutely dumbfounded by Jo and dts's reactions. Can they really be that clueless? Oh my god.  I mean come on guys, make a bloody effort to at least try and identify the dots. This is my personal opinion on the matter: (these are the dots I see) . ActiveMining hired eASIC, discovered it was a bad idea and got a small refund. . They sought a new source for eASIC. . They found Peoples ASIC and bought them. . Peoples ASIC and ActiveMining now decide Hashfast is a solution. . Hashfast soon to go bankrupt. . We have a few boards laying around and hopefully several thousand bitcoin. The bitcoin gets refunded to the investors and we make some cash back. |
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You'd have to be an idiot to use Zerocash, considering who funded the research.
This^^, Zerocash has too many flaws. Rather use Darkcoin. Have you read the paper ? The accumulator creation event is the flaw. It can never be trusted. |
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You'd have to be an idiot to use Zerocash, considering who funded the research.
This^^, Zerocash has too many flaws. Rather use Darkcoin. Zerocoin and Darkcoin have flaws. Monero on the other hand... |
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Yeah, it's not great is it? I think this will handicap the coin beyond recovery.
Oh well, on to the next......
Lol. Well you know where to go if you want the tech and not the insta-mine/pre-mine. :p |
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There are the dots now do I get to chose which colour pen to use if you need me to join them.for you?
Just tell me what you think instead of making up silly riddles. |
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Thanks for that  So, by my fag packet calculations there are around 100 billion coins already in existence? I've assumed a 200,000 coin per block average based on what I see in the explorer...... Edit: Actually, I think I am reading the explorer wrong - can anyone give me a figure? Not sure about the amount of coins because each block reward is different, however the chain is 1.8 years old and was only announced 9 weeks ago. |
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Say someone lost their private key containing 10000+ BTC... How long would it take for that to affect the market price of bitcoins since there will be less of a supply of bitcoin and more demand?
Because such a small amount of the bitcoin supply is on all the exchanges combined there would be no effect on the market. I think less than 1% of the supply of Bitcoin is on every exchange in the world. You could loss 100,000 and it wouldn't even get priced in. |
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I'm not sure about that theory, Ken keeps reducing the price in his signature, if he wanted cards for himself he wouldn't do that.
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And after Monero was supposedly instamined they switched to Quazarcoin https://bitcointalk.org/index.php?topic=600658.0And the story goes on and on and on, just like with hundreds of forks. This is not an official announcement, the coin existed prior to March when DStrange started this topic. The coins were mined in almost already 2 years. Where does your information on pre-mine of Monero come from? Please cite a source. Not sure where his source is, this is my calculation: Monero block height is 46,000 with 1 min blocks. 46,000 min / hours / days = 32 days. Not sure how much of a pre-mine that is, the coin has been out for 3 weeks. Look at Bytecoin though, they have been out in the clear for 9 weeks yet have over 1.8 years worth of blocks. |
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I have no idea why people are supporting this one over a fairer release (Monero)
I have an idea on that. I support the coin because Bytecoin was developed by someone who is capable of creating breakthrough innovations. The coin is alive, the devs are still contributing. I prefer supporting the team, which has the expertise to push this technology forward. After all, there wouldn't be Monero at all if there was no Bytecoin. The word "fair" is highly subjective. Fair for whom? It's the information asymmetry that drives our world. If nobody bothered to notify you personally on the release of a brilliant new technology, it doesn't make the launch unfair. I've been writing already that there was something in Monero's backyard, so here we have QCN. This story will always be recursive as there're always be those that are dissatisfied with distribution of wealth, resources, or knowledge. And you know, it doesn't really bother me which CryptoNote coin succeeds. The more significant thing is to keep innovative track. I hope Monero will join this real race, not the imaginary one. NOW WE'RE TALKING!!  This thread is full of posts that suggest people to mine Monero over BCN, but I have always steered clear of them and have told them to leave this thread alone. I don't support BCN clones for the same reason I don't support Bitcoin clones. Creating a clone and brag about 'fair distribution' is easy. Come to me when you 'innovate' something and you've got my hash power. Sure thing, and what you're doing is ok. (as long as you don't deceive people) I just want people to know what they are getting into. If a newcomer is ok mining a coin with 80% pre-mine then cool, but please don't deceive them! If you guys add to the Bytecoin homepage and the front page of this thread: "Bytecoin has been mined for 1.8 years but was only made known to the world a few months ago. Enjoy the ride" Then I will leave your thread alone! |
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Darkcoin will be implementing Cryptonote ring signatures in version 2, so Zerocash is practically pointless as long the Darkcoin team keeps working.
Why wait for darkcoin v2? I mean if its just copying stuff in bytecoin then you can already use that. Or use Monero. |
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Also if you want to work out the age of the chain, this might not be exact for actual age in years, but its timed in years as that is how much has been mined, to give you an idea.
Please let me know if I screw up the calculation.
Bytecoin height: 483532
Target: 120 seconds.
Chain age = (120 seconds * 483,532 blocks) = 58,023,840 seconds.
58,023,840 seconds = 967,064 minutes.
967,064 minutes = 16,117.733 hours.
16,117.733 hours = 671.5 days.
671.5 = 1.83 years.
Even if this was mined last month, it's still the majority of the coin.
Either pre-mined or insta-mined.
I have no idea why people are supporting this one over a fairer release (Monero)
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Yeah, CryptoNote "v2". I wonder if there was "v1" at some point. See https://cryptonote.org/coins.phpand is regarded as the first implementation of the CryptoNote technology, with releases dating as early as July 2012 Basically this coin has been mining for two years, it was mining before they started to release the paper and research. It's a premine pure and simple. At least Satoshi released his whitepaper in the same month as Bitcoin, not over a year later. https://minergate.com/blockchain/bcn/block/1To be honest, the only people that are going to shout and be loud in support of Bytecoin over Monero are the people who have billions of Bytecoin. |
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How many coins are in existence so far?
This seemed to announced just a couple of months ago but already something like 144,000,000,000 coins have been mined?
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I agree it's good people came to his defense specifically the Admin guy David. Sadly the turnaround in this example seems like kids changing their behavior because they got told off by teacher. If the Admin hadn't stepped in these guys would have been determined to break his argument by group force rather than through logic, reasoning, maths and information.
I agree with you, before the admin and irvine showed up it really wasn't looking good for him, being branded a troll for asking questions. I really want to see some code too, it's too much talk at the moment. Also there will be competitors in the storage space, I think sia is one of them, and Nxt and Ethereum may enable their own solutions. They need to act fast. |
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Bunch of videos of core team and heavily-moderated chat responses.....cool.
The main feature on the moderated threads on Maidsafe.org and google groups is precisely to avoid empty data like the one you generate here. Those are busy people trying to build something very, very complex. Of course, you will have another low tier disdain answer. Pre-answer: I don't care about you. Incorrect you're delusional if you've read google groups/their forum and you believe this. Can you explain? Valid questions that are perceived by the group as undermining the "maidsafe religion" are met with great hostility and troll name calling, I could pull at least 20 examples to make this point but I happen to be reading one now! https://www.maidsafe.org/t/how-does-maidsafe-solve-double-spending/257/48Idiotic questions or nonsensical conversations which waste time on the other hand are graciously embraced. That thread is interesting, I think it's a good example for Maidsafe though, many people came to the defense of the 'troll' and continue to explain their concepts. It's a shame the community went again the guy in the first place, does seem a bit religious, but at least the community seemed to go back on track. |
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Bunch of videos of core team and heavily-moderated chat responses.....cool.
The main feature on the moderated threads on Maidsafe.org and google groups is precisely to avoid empty data like the one you generate here. Those are busy people trying to build something very, very complex. Of course, you will have another low tier disdain answer. Pre-answer: I don't care about you. Incorrect you're delusional if you've read google groups/their forum and you believe this. Can you explain? |
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Website still not updated!
I can't believe this.
The two products on the homepage are so outdated, what is going on!?!?!
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DTS, I will be moving to Perth in Australia for a few months to work with Paul Newsome of Swim Smooth if my bitcoins ever bare fruit. If that happens I will certainly look you up. What a laugh that would be. Not sure you could handle my optimism for life though!  |
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You forgot a Godzilla attack.
Edit - Don't believe everything DTS tells you. He is way more clever than he lets on. He likes to have people think he is a low paid service industry worker but is out there investing in other high risk bitcoin startups as we speak, and clearly has money to burn.
I wish this were the truth. I am investing with the leftover bitcoin I have. I am a low paid service industry worker. If you ever come to Perth I'll go out for a coffee with you and have a chat. It would be nice to meet some other shareholders. dts I thought you were getting out? Why on earth are you still here?
I have sold a few shares. |
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