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761  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *Game on: February 13, 2014, 07:18:19 PM
Maybe there's a bug in the code and it will never halve? :p
Maybe they're gonna do hard forks each week?

[That would be so fail...]
762  Bitcoin / Bitcoin Discussion / Re: How much in % of your savings are in BTC? on: February 13, 2014, 03:37:55 PM
Save? I don't save. I invest!

Okay, now that silliness is out of the way, I will say that any amount over 33% is just way too high for my liking. The caveat is that I live in the US. So there is definitely trickiness when it comes to regulation. I feel that 15-20% in BTC/Alts is a reasonable mix to me.

Then again, that doesn't reflect my "portfolio" at all. I'm relatively young so I don't have all too much in non-realty assets. I'd say I have around 25-30% in BTC/Alts. But a lot of this money tends to move around a lot.
763  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin is next? - Multipool effects after Doge block halving - 30GH/s hash on: February 13, 2014, 02:57:19 PM
OP, great analysis, if doge hash rate is 90GHs right now. at least 30GHs has to go away to look for a new home. look at volume in cryptsy, it will probably go to wdc, mega

I say expect the balancing act. So block size halves. Then multipools mine other coins. Then DOGE increases to compensate. So multipools switch back to DOGE. However, the sudden spike in difficulty of other coins slightly increases their price (I know the whole difficulty vs. price argument; I'm saying that in this case it's happening okay?). Multipools switch back to these other coins. And rinse and repeat for maybe 4-5 cycles.

This will probably be followed by a significant sell off. After that, who knows...

I doubt difficulty spike will lead to increase in price, the demand does not change, there is only so many bids in the market. multipool increased the number of newly minted coin available for sale. Everyday, so many coins are minted. Before, coins move to personal wallet. now, they sit in multipool account, and most of them will be transfer to an exchange wallet.

Once upon a time I would say that. But it seems that more and more auto-selling scripts and functions are pegged to a combination of trade volume, price level, and current difficulty. That's why I am going against the grain and saying that these "artificial" difficulty spikes will cause a temporary spike in prices which would be corrected in a few cycles. Mind you, when I say a few cycles, I mean like within a day or two at the most.
764  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin is next? - Multipool effects after Doge block halving - 30GH/s hash on: February 13, 2014, 04:48:08 AM
I say expect the balancing act. So block size halves. Then multipools mine other coins. Then DOGE increases to compensate. So multipools switch back to DOGE. However, the sudden spike in difficulty of other coins slightly increases their price (I know the whole difficulty vs. price argument; I'm saying that in this case it's happening okay?). Multipools switch back to these other coins. And rinse and repeat for maybe 4-5 cycles.

This will probably be followed by a significant sell off. After that, who knows...
765  Alternate cryptocurrencies / Altcoin Discussion / Re: Jed McCaleb's Exit from Ripple Labs: The Plot Thickens on: February 13, 2014, 04:16:34 AM
The plot thickens indeed.

Disagreements with a "business" usually points to money issues, fundamental issues, or personal issues. Wonder which one it is? Interesting stuff...

disagreements on who to bring on as ceo (or cto, audio is not clear). he starts talking about it at around 7:00 in the video.
I hear CEO. But I meant, is his beef with the person being taken on a personal level, fundamental level (the direction and that sort of thing), or does it impact his financial share in everything. I'm still unclear on that.

i doubt it's money issues. this is what jed said in the interview:

Quote
I left in the summer, just June/July,
disagreements with someone brought on to be CEO, and they are kind of...
I don't know; they're lucky,
we will see how it goes...

probably a little of both in the fundamental and personal level. jed was probably wanting to take the company one way the other person wanted it to be taken another way. then got personal.

i wouldn't be surprised if this person he was referring to was chris larsen. but who was he referring to when he said 'they' and he mentions 'they're lucky'. sounds like jed felt he got screwed over and then it got personal. and that sucks when the people you trusted stab you in the back.

but do you think there's still a chance of jed returning, granted that he still has allies in the company?  

Getting stabbed in the back sucks. [Insert personal anecdote...]

I personally don't think he'd bother to return. It feels like this is one that he is going to take on the chin, and he'll move on from.

From what I watched (I only watched like the first 9 minutes), he seems like someone that moves from one thing to the next. Admittedly with the changes that I think he perceives I would doubt that it'd be worthwhile for him on a fulfillment level to put stock back into Ripple (at least in terms of the business strategy). To me that seems like that's going to be the most likely scenario.

Is there a chance? Sure. But odds are against it.
766  Alternate cryptocurrencies / Altcoin Discussion / Re: Jed McCaleb's Exit from Ripple Labs: The Plot Thickens on: February 13, 2014, 02:44:01 AM
The plot thickens indeed.

Disagreements with a "business" usually points to money issues, fundamental issues, or personal issues. Wonder which one it is? Interesting stuff...

disagreements on who to bring on as ceo (or cto, audio is not clear). he starts talking about it at around 7:00 in the video.
I hear CEO. But I meant, is his beef with the person being taken on a personal level, fundamental level (the direction and that sort of thing), or does it impact his financial share in everything. I'm still unclear on that.
767  Alternate cryptocurrencies / Altcoin Discussion / Re: Jed McCaleb's Exit from Ripple Labs: The Plot Thickens on: February 13, 2014, 01:16:18 AM
The plot thickens indeed.

Disagreements with a "business" usually points to money issues, fundamental issues, or personal issues. Wonder which one it is? Interesting stuff...
768  Bitcoin / Bitcoin Discussion / Re: How can Bitcoin be made fun and exciting again? on: February 12, 2014, 11:51:09 PM
Since when is/was money fun?

You can have lots of fun. Depends what you do with it.





Oh whenever I see a Duck Tales image, it's ruined by Family Guy.

Hey, I guess this is still tons of fun after all! Just don't get too bloodied up swimming in a bunch of metal/stone objects...
769  Bitcoin / Bitcoin Discussion / Re: Overstock getting close $1million sales in bitcoin on: February 12, 2014, 11:45:57 PM
Are they? I'm not sure if the company is, but the CEO himself holds a lot.

I hadn't seen any news about this. If this is the case though, I'd be very intrigued to see how this is reported in their financials. And I wonder what BTC sales and holding BTC would fall under in their EBITDA.

Um Huh it is in the article that this thread is about.

Quote
Overstock’s recent decision to keep some bitcoin on its balance sheets could also find the company playing the role of newsmaker once again. Byrne suggested that should Overstock be holding bitcoins at the time of its upcoming first-quarter fiscal reporting, it will likely be required to report this action to the tax authorities.

“That’s an issue that the sec and the accounting wizards have not opined yet, so we could be the test case.”

Byrne indicated that he has already been contacted by several outside accounting firms that have voiced an interest in being part of this process. The agencies, he said, are interested in participating because it could set a precedent for how publicly traded bitcoin merchants will need to disclose such holdings.

My apologies, I should have been clearer. I didn't interpret this as saying that Overstock would be holding through the fiscal quarter. That's when things would get interesting. The article saying that "should Overstock be holding" at the the quarter meant to me that they weren't sure what road they were definitely be taking.

I will be following to see what decisions will be made and what precedents will be taken. This is really exciting times!
770  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Doge coin is bad on: February 12, 2014, 11:38:41 PM
Maybe you should try a post without all the commentary on other posters that simply lays out your concerns. 

If doge was good enough (joke or otherwise) to gain supports it seems like it should have every chance. 

More users for crypto currencies is good.  If your concern is that new users will buy doge and then be sad puppies when it crashes (as it does have a lot of coins) well that's life.  I can't tell if you are being paternalistic or trolling.

The simple fact is that I've never understood the doge versus bitcoin point of view.  Both can work.  We can have hundreds of cryptos just like we have hundreds of different fiat currencies.

I think there is a fear of tarnishing cryptocurrencies if so many people get burned. (Understanding why the OP doesn't crypto or BTC to get an even worse reputation is another matter.)

But let's be honest, those that have been here long enough have seen this cycle many times before (remember Fairbrix/Tenebrix? FTC pump? The constant attacks on TRC when ASICs first came out? And so many other scandals...). People are going to get burned, it's the nature of the beast, and frankly the nature of "investments" (which let's face it, a lot of people treat crypto as "investments" in the loosest sense of the term).

Nonetheless, even if BTC gets some tarnish from this, there will still be people in this market. After all, where there is money involved, people are bound to come.
771  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOBL]*NOBLECOIN*-*MARKETPLACE LIVE*-*28 MERCHANTS/CAUSES*-*5 EXCHANGES* on: February 12, 2014, 11:26:36 PM
For such a young cryptocurrency, it's great to see how much action and infrastructure has been already implemented. It seems that a lot of this news has been overshadowed by other occurrences in the cryptocurrency world. And though this is "good" in terms of mining prospects, NOBLE shouldn't remain so quiet. Staying so tucked away tends to do more harm than good.

As a point of note, despite all of the "strong" news surrounding NOBLE, market cap has continued to slip.

That being said, I think the roadmap for the marketplace is strong and will likely provide lots of support for NOBLE. Once again though, it's a matter of spreading this news and organic growth. Lots of great happenings in this community though!
772  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Doge coin is bad on: February 12, 2014, 10:24:44 PM
This whole thing reminds me about FTC, except with even larger block rewards, a strong meme, and even stronger community.

Funny thing is that despite all of that, I see DOGE on a precipice where it's either going to crash extremely hard or provide stable growth until it hits a plateau (whatever happens at that point though is a different story).

If I was a betting man, I'd say in about 3-4 weeks we'll get some type of resolution to this.
773  Bitcoin / Bitcoin Discussion / Re: Overstock getting close $1million sales in bitcoin on: February 12, 2014, 08:31:06 PM
I didn't know they are holding some of their acquired Bitcoins.  That is even bigger news.  Any gain (i.e. difference between value of BTC at time of sale and time of report) is reported separately.  Since they are a publicly traded company they will have to report it.  That would be a first.  If it becomes large enough it might even become its own line item in the quarterly and annual reports.


I hadn't seen any news about this. If this is the case though, I'd be very intrigued to see how this is reported in their financials. And I wonder what BTC sales and holding BTC would fall under in their EBITDA.
774  Bitcoin / Bitcoin Discussion / Re: How can Bitcoin be made fun and exciting again? on: February 12, 2014, 08:19:34 PM
More whales? That might make things "fun."

Personally, I don't think Bitcoin needs any type of "fun" injected into the system. Sure gimmicks would be nice, and the added attention would be great to have, but it always acts like a double-edged sword. Bitcoin is finally stepping out of the stages of "infancy" and starting to show signs of maturing into its own market. I think more than fun, Bitcoin needs more and more infrastructure.

Sure there is a lot of hype surrounding DOGE because of how "fun" it is, but in the long-term, it takes much more than that.
775  Bitcoin / Bitcoin Discussion / Re: Overstock getting close $1million sales in bitcoin on: February 12, 2014, 07:19:54 PM
This is fairly impressive. A million in a month I think is around 0.8-1.2% of their monthly revenues. The true test is the sustainability of sales in BTC.

Nonetheless, this is good news and could likely pave the way for more major businesses to begin accepting BTC.
776  Alternate cryptocurrencies / Altcoin Discussion / Re: The Worldcoin Scandal on: February 11, 2014, 09:49:13 PM
And now WDC can fade off into the sunset with the marring of two scandals. And somebody can continue to mine WDC, and then revive it just like BBQ.

That or people will actually be too stubborn and show the resilience of WDC. Which if the community is as strong as claimed, will happen and its price will recover (then again, only a few months ago, WDC was only 1/5 of the price that it still is).

To be honest though, a cap of $7.5M is a bit too high for an alt as riddled as WDC has been.
777  Bitcoin / Bitcoin Discussion / Re: Massive 41,700 BTC transaction just happened on: February 11, 2014, 09:42:25 PM
Now I'm curious. Does anyone know if this is the largest ever BTC transaction pegged in USD? Could you imagine if one of those 100,000 BTC addresses suddenly had movement?
778  Economy / Speculation / Re: Coinbase will be next to halt withdrawals by Friday.. on: February 11, 2014, 08:47:46 PM
You seen the plummet thread it went to $102..
For a few seconds because of someone dumping coins with no limit. The price rebounded mostly within the day.

Ok Im just trying to help with what I know once it happens you can find a new way to say I did not predict it.. Im only trying to help, I will leave here now..
No! Please don't leave. This troll thread was just so young, and now we're letting it die?

This cannot stand! I say we all give predictions of when each major exchange will halt withdrawals! And then we'll discuss how low the price will drop to. And then we'll talk about how at some point you won't be able to withdraw from any exchange, and then our only recourse to cash out fiat is by bartering locally. And then we'll talk about how all the users of Bitcoin will be arrested in a coordinated effort led by the government (just like that event in Florida). Oh noes!!!

Oh wait, there isn't any more snow...Oh well...
779  Bitcoin / Bitcoin Discussion / Re: Situation under control! on: February 11, 2014, 08:41:52 PM
Yay! Trolling is all around today. Both on the forums and in the press.

Yes there will always be issues abound, but Bitcoin has shown to be resilient for so long, so this either has to be an amazing fluke, or well, let's face it: there's something here.

Remember during the run-up at the beginning of 2013 how there was an issue, and wallets had to be upgraded? Yeah, that dampened prices just a smidge, but the run-up still kept going. I guess the difference is that today we're past the tail end of a run-up and there is more downward pressure. However, the fact that prices hit a recovery point so quickly says something.

There will likely be more turbulence in the upcoming days, but let's be honest, it's to be expected.
780  Economy / Speculation / Re: The news is having a field day! on: February 11, 2014, 06:19:07 PM
There is no such thing as bad publicity.


Agreed. All these people reading about the "crash" will be fuel for the next bull run. Imagine half a year from now "oh sh*t it's at 2000 now? Better buy"
Only $2000? Nah. Remember, April 2013: $266, then November 2013: $1150. Let's go with $5000!!! Yeah!!!

On a serious note, I wouldn't be surprised if this news will drive more speculators in and cause another run up in a few months.
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