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Alternate cryptocurrencies / Altcoin Discussion / Re: A.I. Coin Pre-Release Development Diary
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on: October 22, 2019, 06:36:08 AM
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... pay a software licence fee to the company...
This coin will not take off under that model. What will happen, is that all of your technology will be copied and used in a clone that will take off. Of course, you can get around this by making the coin closed source, in which case I doubt you'll ever sell one license fee. I have to agree with drawingthesun. Mining is hard enough as it is without having to pay the devs / parent company / whoever for the privilege. That might make it a hard sell. https://github.com/ai-coin/KafkaBlockchain
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DECENT Announcement - Decentralizing Content Distribution
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on: June 28, 2017, 10:20:10 PM
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Who will dump ? Just people taking profits after one year investment...
Anyone who can understand the changed crypto trends will not dump be sure of this. But still there will be some who will be willing to make quick bucks and move on to next destination. Only those will succeed to win big share of pie who will stay on feet firmly. I wonder how the starting is going to be for Decent. At least in the United States, where holders have only 4 months longer to hold so taxes are paid at 15% instead of 35%, the incentive is to not sell till Decent holdings are 12 months old. Can you expand on this? New tax rules? If in the USA check with your tax preparer but this wiki link explains it well. https://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_StatesShort-term capital gains are taxed at the investor's ordinary income tax rate and are defined as investments held for a year or less before being sold. Long-term capital gains, on dispositions of assets held for more than one year, are taxed at a lower rate.[1] Thank you very much. So people overseas (not in USA) might enjoy little to no selling pressure from US investors for a while is my opinion.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DECENT Announcement - Decentralizing Content Distribution
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on: June 28, 2017, 08:31:44 PM
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Who will dump ? Just people taking profits after one year investment...
Anyone who can understand the changed crypto trends will not dump be sure of this. But still there will be some who will be willing to make quick bucks and move on to next destination. Only those will succeed to win big share of pie who will stay on feet firmly. I wonder how the starting is going to be for Decent. At least in the United States, where holders have only 4 months longer to hold so taxes are paid at 15% instead of 35%, the incentive is to not sell till Decent holdings are 12 months old. Can you expand on this? New tax rules? If in the USA check with your tax preparer but this wiki link explains it well. https://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_StatesShort-term capital gains are taxed at the investor's ordinary income tax rate and are defined as investments held for a year or less before being sold. Long-term capital gains, on dispositions of assets held for more than one year, are taxed at a lower rate.[1]
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DECENT Announcement - Decentralizing Content Distribution
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on: June 28, 2017, 07:10:45 PM
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Who will dump ? Just people taking profits after one year investment...
Anyone who can understand the changed crypto trends will not dump be sure of this. But still there will be some who will be willing to make quick bucks and move on to next destination. Only those will succeed to win big share of pie who will stay on feet firmly. I wonder how the starting is going to be for Decent. At least in the United States, where holders have only 4 months longer to hold so taxes are paid at 15% instead of 35%, the incentive is to not sell till Decent holdings are 12 months old.
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Bitcoin / Press / Re: [2017-06-14]4 Reasons Why I'll Never Invest in Bitcoin (and You Shouldn't Either
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on: June 15, 2017, 04:32:31 PM
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4. Most people don't understand it
Finally, and perhaps most importantly, a lot of people really have no clue what bitcoin is. I know what you might be thinking: "Great, I can get in ahead of everyone else!" But a misunderstanding about bitcoin, or a complete lack of understanding, could actually yield terrible consequences.
One of which is this type of articles where idiots write clickbait articles to draw traffic to their site. We have no problem with any of the reasons he
mentioned, because we know he is speaking from his ass. How difficult is it really to signup with a Bitcoin exchange, link it to your bank account
and then to buy some coins. If that is too difficult... buy it as a local Bitcoin ATM, where they guide you in every step. Idiot!!!!
USAA - truly linked where you can see account balances and soon Fidelity (a major retirement account manager) in the United States.
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Bitcoin / Press / Re: [2017-06-14]4 Reasons Why I'll Never Invest in Bitcoin (and You Shouldn't Either
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on: June 15, 2017, 03:37:57 PM
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Reason 4 - Most people don't understand it
Most people don't understand how a website works but they still use them.
but you can't lose huge amounts of money watching kitten videos or ordering a pizza. This thread could get comical real fast: https://www.wired.com/2014/08/how-to-use-your-cat-to-hack-your-neighbors-wi-fi/Unbeknownst to Coco, he'd been fitted with a collar created by Nancy's granddaughter's husband, security researcher Gene Bransfield. And Bransfield had built into that collar a Spark Core chip loaded with his custom-coded firmware, a Wi-Fi card, a tiny GPS module and a battery—everything necessary to map all the networks in the neighborhood that would be vulnerable to any intruder or Wi-Fi mooch with, at most, some simple crypto-cracking tools.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DECENT Announcement - Decentralizing Content Distribution
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on: June 08, 2017, 01:59:09 AM
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Awww yes!!! Fear, panic... DCT launches on c-cex... devs already spent the ico cash... it's over before the launch!! FOMO Sell!
This is getting good, too bad I won't trade at c-cex... might as well launch on Cryptsy lol. Someone's going to get rich
A portion. They have a decent crew assembled and the question is, what have they accomplished with what has been spent. Here is what Decent ICO has in its favor... $ 16,018,091.96 is the current value of what they collected which is one-million over the original top funding goal if i recall. Yes some has been spent, but contributors knew that would happen from the start. At the start of the ICO it was stated that between then (funding stage) and some future point in time a certain product would be ready. From all reports on the beta there is indeed a product to deliver. So today the state of Decent from a net asset only value proposition is $ 9,402,773.06 USD in bitcoin held in a multisig wallet with respected third party oversights. The original ICO raised 5881.35 BTC! and for example let's pick $600 USD value during the ICO last year = $3,528,810.00 USD. So, in U$D terms, we have 1 year of programming effort, one year of earning the loyalty of a programming and marketing staff and one year of investor enthusiasm not only for free, but with a dividend payment (due to bitcoin price increase) of $5,873,963.06. Decent multisig wallet holds 3,456.90185864 BTC valued at $ 9,402,773.06 current. + 10% DCT at some future value.
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Bitcoin / Bitcoin Discussion / Re: Impressive bitcoin one liners for non bitcoiners
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on: April 20, 2017, 07:28:54 PM
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Oh, I remember this thread. It's like a roll call of all the old time cheerleaders. The best part of this thread is it doesn't have any of the old timers that became scammers or went to prison. Edit: oops, I just saw Andrew Bitcoiner posted so never mind, there is a scammer.
Bruno's is still the best one liner.
If we were to calculate the gains of all the scammers and compared them to the gains of all the buy and holders there is no doubt that in the end, the buy and holders are way ahead. I'm sure there's the outlying scammer who is also way out in front but I don't believe I'd trade my buy and hold position for having to look over my shoulder to see who's standing there with handcuffs every time I spend a satoshi.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DECENT Announcement - Decentralizing Content Distribution
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on: April 15, 2017, 09:38:28 PM
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Thoughts on how I might promote DECENT:
Speak w/ content creators and show them how to upload their content to DECENT - easy enough providing you know some content creators. I am actually working on this in my home town, putting feelers out, 'who uploads videos' and has viewers.
Find content that means something to me and offer to remove the 'paywall' by giving the creator some DCT. Opportunities here might be broader than people imagine. For example, I used to have a blog where I posted stock market speculations and I would sometimes link to articles that were behind paywalls. Now I might be able to negotiate with that provider using DCT, but if not, there's nothing preventing me from using a service like Shapeshift to convert to a spendable unit that the provider will accept. I'm pretty sure that the traditional content providers are going to eventually get on board - newspapers, magazines, etc.
Become a niche or specialist aggregator. Nearly everyone is an expert on something. Find your niche and aggregate the best content, rate it and rank it.
Partner with someone like OpenDNS and provide ratings for content opens doors to the IPFS platform. It will be interesting to see how OpenDNS treats IPFS - will it be an unrated wild-wild-west where everything is at your own risk, surfer beware, or will something like OpenDNS step in and provide some rating service opening up the audience.
Create a DCT faucet where I display teaser content videos, provide a few DCT to get more teasers and then try to get enough traffic so that my sight goes profitable.
Sort of related: I believe the Humaniq effort will be interesting in that they will be giving away tokens to new users. Some readers might recall the Aurora coin efforts with the same idea - get tokens into users hands fairly distributed.
Bottom line, if I have my own website or if I was a partner or an affiliate of a web site that required that I fund a faucet for a period of time for part ownership of that website I would be interested in some sort of deal or partnership.
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Bitcoin / Armory / Trouble w/ Create Spending Tx / Manage Multi-Sig Lockboxes > =====TXSIGCOLLECT
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on: April 10, 2017, 04:08:31 PM
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Using Armory ver 0.95.1 & Bitcoin Core v0.13.2
Create: I made a 1 of 4 lockbox and three of the addresses were funded from the Amory wallet and another was funding from a fourth wallet not stored in Armory.
Fund: I don't recall if I selected 'Simul' but I did 'Fund from Wallet' for (3 address) with 1 transaction and sent bitcoin from the 4th address.
I did not use the 'Request Payment' procedure to Fund.
Spend: Click on 'Create Spending TX' nothing happens. (no window opens)
'Review and Sign' opens a windows but I don't have a Spending Tx to input.
Collect Sigs & Broadcast opens a window but I can't locate a =====TXSIGCOLLECT
Collect Sigs & Broadcast opens a window - need a =====TXSIGCOLLECT
It seems like I've omitted a step or am missing a basic principle.
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