This is only the most recent example, but something like that happens every day. Someone post something which is extremely shady, and possibly without any apparent benefit (at least scammers usually try to lure you with greed, here there's nothing). This was so patently an infected file that I was amazed how many people jumped in anyway without thinking, leaving their brains completely powered off. Me and others posted warnings, and some people were still jumping in nonetheless. I find this both entertaining and interesting on a social perspective, it is like looking at lemmings jumping off a cliff, without even the excuse that they might be stupid rodents: those are people who willingly refused to think, knowing that this would make them risk a lot of money and time, without any benefit, and did that anyway. What do you think about that? Do you consider it's ok to exploit them, since they took efforts into being exploited? Or at least it's partly justifiable? Or do you think it's still 100% wrong nonetheless? Irregardless of what you think about the exploiter, do you think they should receive some extra punishment, since they fueled a system which affected more users after them? (i.e. somebody notices that someone is downloading, so he stupidly assumes it means it's ok and downloads too...) There are stupid people everywhere and I would count yourself among them if you think a victim's stupidity makes exploiting them justifiable. |
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coinchoose.com has the adjusted amounts accounting for stales
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We have a new merchant, coingas.com, make sure to check it out. You can buy steam games directly for DGC.
That's an awesome site. Glad to see some vendors accepting DGC. I was expecting a bunch of crap games, tbh, but those are new releases. Excellent.  For the lazy, www.coingas.comWow. DGC gaining real world usage already. I am going to spread the word about coingas |
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Time to put you on ignore.
+1 +2 |
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Shitcoin that had a 60% instamine on day one. Why would you want to buy?
60% of what? LTC had 10100 blocks mined on the first day, which is 30% of all outstanding coins at the 1 month mark (approx 30k blocks mined at the one month mark), I guess LTC must be shit too? Agreed, as a matter of fact bitbar has been the only one of the new coins to bring something new to the table and that has been consistently more profitable to mine then bitcoin. Cannot wait until it hits btc-e  As a curiosity, what was new about it? It's pretty much the slowest coin out there. That's all I can think of. I take my question back. It was innovative because it perfected the biased instamine. If I remember correctly, it was announced by xorxor, who started mining the coin with the creator at the start. Then everyone else was allowed to jump on after that. 2,000 coins were minted within the first 4 hours of that post, with the first two days pulling in 2,500+ coins. Since that day, only ~500 bitbars have been minted. The only competition with that kind of instamine scam is mincoin, where the first few hundred (or was it an even thousand?) blocks were worth 500 coins each, and then every coin since then has been worth 2 coins. Your math is wrong, there's 3400 bar outstanding, how did you arrive at 500? it's least 800 or more. At least with BTB, the instamine is not by design, but by protocol. The protocol says the more popular the coin gets, the less reward is produced by block(same as PPC and NVC). So the amount of reward is directly related to how many people mining it. Early adopter is key to every coin, LTC when one month old, has 33% instamine on the 1st day (10100 blocks mined on 1st day). so what? the amount is tiny today, anyone care LTC had a 33% instamine nowdays? no, because that's tiny now compared to the size of LTC outstanding. It's because BTB is based on the ppcoin source code. 2 million of those were created in the first 2 days and then production slowed down dramatically... 9 months later that 2 million is a much smaller % of the coin supply now. |
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I don't see how coinchoose can change it to 60% because one person creates a topic on worldcoinforum about it claiming to speak on behalf of everyone.
At the very least make a forum poll and see the results from the community. Undoubtedly the amount received is less than 100% but I would place it in the 80-90% range.
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Does the RealCoin team comprise of a single person who just copy/pasted the source code?
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I know I wouldn't waste my time and electricity mining a coin that intends to give 21 million coins to the developer for nothing aside from changing a few variables in a litecoin fork. A 50% premium to the developer is nothing but greed.
Lol. Up until a couple of weeks ago Solacx was heavily against alt currency clones, and was bashing all the new releases in the btc-e trollbox. That all changed when he had a 'brainwave' and thought he could get rich by cloning Freicoin and awarding himself half the coins. |
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It had a fair launch. Check the money supply graph for the first 24 hours after release, it's a straight line all the way from zero. Compared to almost every other coin which have a huge amount of coins generated in the first couple of hours.
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Digital coin looks about the only fair one.
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Being put on pirate bay's front page didn't do anything for Litecoin's price.
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I will buy 100k litecoins for $100,000 worth of Bitcoins. This is a serious offer, pm me for details.
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but what is the max quantity that will be ever mined? I can't see that number anywhere. Is there a limit as for btc, ltc and others?
If it's based on the same philosophy of Sunny's PPCoin (which the code is derived from) there is no fixed upper limit. The 2 billion hard coded max is just for checking purposes. |
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Digital coin is only half the size of the market cap of WorldCoin. When coins have different amounts of coins in circulation you use market capitalisation to compare the overall value, not price. Or do you think BitBar is number 2 alt coin, with Novacoin number 3, because they are higher priced than Litecoin.
Btw, I hold both of wdc and dgc now. I used to hold YAC but I sold em.
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The technical specs of a coin aren't that important. It's community support, people driving to get new businesses accepting it, people building services around it, media coverage etc. That is why Bitcoin is number 1 and Litecoin is number 2, even though technically Litecoin is an improvement. And that is the same reason why Litecoin is number 2 and not any of the clone coins. The next coin that will be successful needs to focus on building a core community of vocal supporters as well as having a unique, marketable strength. The coin market is saturated now though so it's difficult to stand out. The problem is a coin which is too innovative has to gain the trust of users (because this is money after all) and PPCoin has shown how difficult that is, and I predict similar issues with Netcoin - it takes years for trust to be gained in a new protocol, as it did with Bitcoin. Yet a coin that is too similar doesn't stand out... and all the obvious parameter tweaks and permutations have been done, it seems.
Litecoin's growth will hit the next gear when a payment processor is released (this will be feasible after it goes on mtgox, btce isn't suitable for many companies imo) and a flood of businesses that accept Bitcoin start accepting Litecoin. The problem with Litecoin at present is that too many miners are hoping to make a quick buck and double up money when it goes on mtgox, without looking at the bigger picture and this has snowballed so now all people talk about with Litecoin is going on Mtgox. The quicker Litecoin goes on mtgox so the community can focus on other things, the better.
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I see you took my advice and changed it from 1 second blocks to 6 second blocks.
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Tbh, take away the question marks and they don't look confused to me.
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Nice find. Glad I am not a YAC miner lol. |
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