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701  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Buy Houses for digitalcoin(DGC)! on: June 03, 2013, 06:52:30 AM
You always buy it and rent it or sell it. Don't have to live there.

Doesn't sound too bad.

http://www.youtube.com/watch?v=essUIxGT50c

Bulgaria is one of the few exotic nations of Europe, due to the fact that it boasts sublime beaches, lovely churches, winter sport opportunities, to name a few. Although it is not regularly visited compared to other European nations, it is a beautiful place, with a wide range of activities for a traveller to do.

http://wikitravel.org/en/Bulgaria

 Wink


Number 4 on the list:

http://www.funtasticus.com/2008/05/20/10-cities-with-the-most-beautiful-women/
702  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Buy Houses for digitalcoin(DGC)! on: June 03, 2013, 06:42:09 AM
Man, Florida really sucks. I need to move to freaking Bulgaria now to make my life better.

You could just create a new altcoin tweak it a little and maybe give fellatio to an exchange owner and be set with a house in a third world country.  Just putting that out there.

BTC-e is based in Bulgaria...so there you go.  Shocked
703  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Buy Houses for digitalcoin(DGC)! on: June 03, 2013, 06:17:51 AM
How many DGC do exist?

A 139,000$ house is 1158 Bitcoin.

That would be 5,263,636 DGC at current DGC price Cheesy


Only 263182 blocks to mine...step aside, fellas.  I got this.  Cheesy
704  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Buy Houses for digitalcoin(DGC)! on: June 03, 2013, 06:06:34 AM
Obvious scam is obvious. "Buy a house!" LMFAO

Do that many coins even exist? Publicity stunt much?

Doh!
705  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Buy Houses for digitalcoin(DGC)! on: June 03, 2013, 06:03:05 AM
Bulgaria has the HOTTEST women in the world.

Just thought you'd all like to know.  Wink
Nope.... Colombia.. thats why I live here Smiley


+1

Colombia is in my top 5 for sure, so I can't argue with either of you.
706  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Buy Houses for digitalcoin(DGC)! on: June 03, 2013, 05:56:06 AM
Even a quick google search on those images tells you it's probably fake.
- http://dgcmarket.com/item.php?id=71
This seller claims to be from the UK, trying to sell a house in Bulgaria; the so called "Large country house" in Bulgaria can be found HERE: http://www.bulgarovo.com/properties/Large-country-house-in-the-fertile-Dobrudja-region-for-sale

I'm pretty sure that dgcmarket is flooded almost entirely with fake listings...

Perhaps it is simply listed at multiple places?

Only one way to find out for sure.  Just inquire with the listing on bulgarovo.com.  
I'm not really concerned if it's real or fake. If it's fake it's just there to give the market some attention, and that's not necessarily a bad thing. If it's real, then it's real lol.


Hmm.  Interesting perspective.  So the dev already vouching for the listing by one of DGC's 'biggest investors' is fake and it doesn't matter to you.  I see things like honor and integrity don't mean much to you.  Nevertheless, I inquired about the listing on bulgarovo.com.

The person who listed the house at dgcmarket.com is indeed one of the bigger investors in DGC so far. As far as the dev knows, the house is simply put up for sale on the marketplace. He's not telling lies when he says it is indeed for sale. That's where escrow comes in, and if it was a fake sale, no one gets ripped off. what's the big deal?

No big deal.  But since I own some DGC, it's important for me to know.  Especially since I'm developing a game site which will implement dgc, along with other cryptocoins.
707  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Buy Houses for digitalcoin(DGC)! on: June 03, 2013, 05:40:35 AM
Even a quick google search on those images tells you it's probably fake.
- http://dgcmarket.com/item.php?id=71
This seller claims to be from the UK, trying to sell a house in Bulgaria; the so called "Large country house" in Bulgaria can be found HERE: http://www.bulgarovo.com/properties/Large-country-house-in-the-fertile-Dobrudja-region-for-sale

I'm pretty sure that dgcmarket is flooded almost entirely with fake listings...

Perhaps it is simply listed at multiple places?

Only one way to find out for sure.  Just inquire with the listing on bulgarovo.com. 
I'm not really concerned if it's real or fake. If it's fake it's just there to give the market some attention, and that's not necessarily a bad thing. If it's real, then it's real lol.


Hmm.  Interesting perspective.  So the dev already vouching for the listing by one of DGC's 'biggest investors' is fake and it doesn't matter to you.  I see things like honor and integrity don't mean much to you.  Nevertheless, I inquired about the listing on bulgarovo.com.
708  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Buy Houses for digitalcoin(DGC)! on: June 03, 2013, 05:33:22 AM
Even a quick google search on those images tells you it's probably fake.
- http://dgcmarket.com/item.php?id=71
This seller claims to be from the UK, trying to sell a house in Bulgaria; the so called "Large country house" in Bulgaria can be found HERE: http://www.bulgarovo.com/properties/Large-country-house-in-the-fertile-Dobrudja-region-for-sale

I'm pretty sure that dgcmarket is flooded almost entirely with fake listings...

Perhaps it is simply listed at multiple places?

Only one way to find out for sure.  Just inquire with the listing on bulgarovo.com. 
709  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Buy Houses for digitalcoin(DGC)! on: June 03, 2013, 05:25:08 AM
Bulgaria has the HOTTEST women in the world.

Just thought you'd all like to know.  Wink

I beg to differ.  Brazil wins that race.
710  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are people buying XRP? on: June 02, 2013, 07:37:11 AM
Ripple received funding from Google.  Consequently, XRP have gone up in value because of the hype.
711  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] eMulah (EMU) - NOT a BitCoin fork/clone - call for beta testers on: June 01, 2013, 12:45:20 AM
Quote
Currency generation is a collaborative effort between n-client nodes and a hatching node.  Each node in the system will cast a vote to a random hatching node to whether to create a currency unit (EMU).  Creation volume of currency over time is confined to a specified target interval to maintain a steady flow of new EMU's.  As the hatching nodes have the information available of all newly created EMU's, they are able to select the correct vote threshold for the generation of new EMU's.  If the collective vote is a success a number of EMU units are created and are distributed around the system in the following manner:

How will each node be represented in the network?  Is it a dynamic id assigned with each connection to the network?  Is it based on client id?  If so, can I have multiple instances open on one computer?  If not, can I benefit by having many clients open on multiple computers?  Obviously, the algo which randomly chooses a node to cast a vote is important.  But can a node know when it has received a vote to create an EMU?  If so, because it's safe to assume the probability of receiving two (or N) consecutive votes is 'lower' than receiving a new vote, can I benefit somehow by closing my client and reconnecting to the network either with the same client or a different one (this question is related to how nodes will be represented in the network)?  At first glance, given enough bandwidth (Google's 1 Gb/s fiber internet service, for example) and computing power to quickly reconnect with the network, if nodes' identification are dynamic, it seems I can exploit the EMU voting system (and gain more interest as well).  If nodes' id are static, then that makes the network more vulnerable.  Obviously, I'm just hand-waving until I see the actual algo/code.  

EDIT:  Seems like posts were added with similar ideas while I was typing...
712  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] WeedCoin || Released || Coin for Stoners || Fair launch || Blaze it on: May 30, 2013, 07:46:28 PM
I guess that bitcoin, Silk Road black market thing just ain't cutting it anymore, eh? 
713  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZenithCoin (ZTC) on: May 30, 2013, 07:33:19 PM
It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins.  Yet, I see no finance team to complement the dev team.  You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins?  How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out?  Congrats, you have invented the open source version of this financial nonsense.  Except there is no central governing entity to bail out zenith coin.  It will just fail, leaving a wasteful carbon footprint and nothing more.  This is laughable.  And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects.  Your 'market making' activities will have the exact opposite effect of creating incentive for the devs.  I repeat, this is laughable.
Let's speak about arbitrage here for a second.  Current crypto markets are extremely inefficient, so any basic level of automation can easily profit out of this inefficiency.

Yes, lets speak about arbitrage.  Being a former fund manager for over ten years, when you simplify the dynamics of market trading, be it arbitrage or whatever, as a 'basic level of automation,' then I become wary of your business model.  It shows your inexperience, and quite frankly, immaturity and lack of discipline.  Show me your proposed scheme.  Is it strictly lateral arbitrage?  That is, will you exchange zenith coins into BTC then transfer coins to mtgox and sell the BTC into USD?  And then what happens if BTC runs?  You've basically crippled your returns.  And what if you need to purchase BTC and you've purchased at the top of said run and BTC falls?

And again, what are your credentials to even propose that there's a 'basic level of automation' which can enable arbitrage opportunities?  Who's the trading team?  Or are the devs, who are supposed to be working on projects, going to have to spend their time doing something outside their level of expertise?  I can go on and on...

It is clear the model for your coin is ill-advised.

As you say, there are clearly some level of risk with regards to arbitradge and a potential to take on loses.   Not every strategy may work long term. 

Howwever, this model is much better than any of the other coins that are out there.   What value do they provide other than serve as an indirect way to mine BTC or LTC?



This is the third time you've ignored my inquiries into your credentials as a capital manager and the details of who the trading/finance team is.  It is clear there is no trading team.  And it is safe to assume your resume lacks any experience in capital management.  A coin is only as good as its devs and their requisite skills.  So to answer your question as to what value do other altcoins provide, apparently the same value of zenith coin.  As of right now you're just a seven character string asking everyone to assume your the Warren Buffet of the cryptocoin world.  But I thank you for the chuckle...

We intent to bring on board an individual experienced in HFT and another individual experienced in Energy Trading.

Over time, we may solicit more expertise.

But at this time, the core team are mostly software developers.

Oh so you plan to use the 50% for your own HFT operations and yet we're supposed to take the published trading records in good faith, right?  This is hilarious.  Here, do yourself a favor, get this trading team of yours together, whip up a trading business model, go to btct.com and file for a debt offering.  Repay your debtors interest/dividend payments via your trading profits.  You'll see this is more viable and your fiduciary duties and obligations will be contractual (though still not legally binding, since btct.com makes it clear everything is virtually a game).  Using a cryptocoin for your HFT ops guarantees nothing for either side.

At this time we are not at liberty to devulge the nature of the services we are creating.   Give it time and you will appreciate the novelty, uniqueness and profitability of the approach.

No, no such thing will happen, I assure you.  I've seen HFT algorithms in credit markets that would make your head spin.  I've conducted my own statistical arbitrage operations in derivative markets.  The cryptocoin infrastructure is in no way, shape or form at the level of sophistication of corporate stock and debt markets. All you're doing is defining another nasty carbon footprint for the rest of us.  And it would be irresponsible for anyone to let you 'play' with 50% of our computing electricity without proper due diligence.

You just admitted the lack of sophistication of the crypt-currency market.   What that tells me are that there are opportunities using tools that would not work in traditional more mature exchanges.

...like I said, it would be irresponsible for anyone to let you PLAY with 50% of their computational electricity.  Exploit the inefficiencies with your own capital.  Go ask mommy and daddy for a loan if you're so confident of attaining trading profits.  Why include everyone in your glorious trading operations with your glorious trading team?  Surely you know that regardless of the inefficiencies, the markets always sort themselves out.  And the larger the capital, the quicker the arbitrage opportunity will end.  It's why small/medium sized hedge funds generally outperform large hedge funds, especially when just starting out.  Trust me, the btct.com idea is not a bad idea.  Let your profits/interest payments speak for itself and in time you'll be able to have more successful debt offerings.
714  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZenithCoin (ZTC) on: May 30, 2013, 07:10:29 PM
It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins.  Yet, I see no finance team to complement the dev team.  You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins?  How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out?  Congrats, you have invented the open source version of this financial nonsense.  Except there is no central governing entity to bail out zenith coin.  It will just fail, leaving a wasteful carbon footprint and nothing more.  This is laughable.  And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects.  Your 'market making' activities will have the exact opposite effect of creating incentive for the devs.  I repeat, this is laughable.
Let's speak about arbitrage here for a second.  Current crypto markets are extremely inefficient, so any basic level of automation can easily profit out of this inefficiency.

Yes, lets speak about arbitrage.  Being a former fund manager for over ten years, when you simplify the dynamics of market trading, be it arbitrage or whatever, as a 'basic level of automation,' then I become wary of your business model.  It shows your inexperience, and quite frankly, immaturity and lack of discipline.  Show me your proposed scheme.  Is it strictly lateral arbitrage?  That is, will you exchange zenith coins into BTC then transfer coins to mtgox and sell the BTC into USD?  And then what happens if BTC runs?  You've basically crippled your returns.  And what if you need to purchase BTC and you've purchased at the top of said run and BTC falls?

And again, what are your credentials to even propose that there's a 'basic level of automation' which can enable arbitrage opportunities?  Who's the trading team?  Or are the devs, who are supposed to be working on projects, going to have to spend their time doing something outside their level of expertise?  I can go on and on...

It is clear the model for your coin is ill-advised.

As you say, there are clearly some level of risk with regards to arbitradge and a potential to take on loses.   Not every strategy may work long term. 

Howwever, this model is much better than any of the other coins that are out there.   What value do they provide other than serve as an indirect way to mine BTC or LTC?



This is the third time you've ignored my inquiries into your credentials as a capital manager and the details of who the trading/finance team is.  It is clear there is no trading team.  And it is safe to assume your resume lacks any experience in capital management.  A coin is only as good as its devs and their requisite skills.  So to answer your question as to what value do other altcoins provide, apparently the same value of zenith coin.  As of right now you're just a seven character string asking everyone to assume your the Warren Buffet of the cryptocoin world.  But I thank you for the chuckle...

We intent to bring on board an individual experienced in HFT and another individual experienced in Energy Trading.

Over time, we may solicit more expertise.

But at this time, the core team are mostly software developers.

Oh so you plan to use the 50% for your own HFT operations and yet we're supposed to take the published trading records in good faith, right?  This is hilarious.  Here, do yourself a favor, get this trading team of yours together, whip up a trading business model, go to btct.com and file for a debt offering.  Repay your debtors interest/dividend payments via your trading profits.  You'll see this is more viable and your fiduciary duties and obligations will be contractual (though still not legally binding, since btct.com makes it clear everything is virtually a game).  Using a cryptocoin for your HFT ops guarantees nothing for either side.

At this time we are not at liberty to devulge the nature of the services we are creating.   Give it time and you will appreciate the novelty, uniqueness and profitability of the approach.

No, no such thing will happen, I assure you.  I've seen HFT algorithms in credit markets that would make your head spin.  I've conducted my own statistical arbitrage operations in derivative markets.  The cryptocoin infrastructure is in no way, shape or form at the level of sophistication of corporate stock and debt markets. All you're doing is defining another nasty carbon footprint for the rest of us.  And it would be irresponsible for anyone to let you 'play' with 50% of our computing electricity without proper due diligence.
715  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZenithCoin (ZTC) on: May 30, 2013, 06:59:31 PM
Worth Noting: Nothing is stopping developers from taking the ENTIRE 50% of the 'fund' and treating it just like a premine scam, selling the entire stock at market price, keeping the BTC/LTC for themselves and killing off the coin for a profit.

Nothing stops the developers or the miners from selling off the coin.   Isn't that what happened to FTC, CHN, etc?  Nothing stopped the miners who mined 1.6 million coins in 2 hours at zero difficulty from selling.   Of course, what's their incentive on holding on the coin?  

The 50% split is meant to be a balance, a kind of standoff.   The developers trust that the miners will not sell off the coin, the miners trust that the developer do not sell of the coin.   Mutual trust, mutual self destruction.

The investors however are going to watch the behavior of both parties.   If they aren't cooperating, then the coin isn't going to go anywhere.    Kind of like a Nash equilibrium.



Your logic is flawed.  According to the canonical example of the Prisoner's Dilemma, both prisoners (miners and devs) will confess (dump their coins) even when it might seem in their best interest to not confess (dump their coins).  The Nash equilibrium is both sides dumping their coins!  There will be no waiting and watching the other side because that will cost them if they do.  As mentioned above by someone else, nothing is stopping you from dumping your coins, no different if it was premined, instamined, or freaking datamined.

By your logic, every shareholder of a stock should sell his holding at the opportunity at an IPO.   If the Devs believe their will be value in their contributions, then they will hold.   Let us examine a very similar coin,  Freicoin with 80% going to the devs... look at the block chain.  It is barely spent.

If however, if the devs entered in this endeavor in the manner of FTC.  Then the devs have no confidence in their ability to improve its worth under than the initial hype.   So they sell.... and leave everyone else a bagholder.

Both examples are misguided.  Stock owners are entitled to future dividend payments, are protected by central governing authorities to oversee accuracy in accounting methods and abuse of executive power, and have a right to vote and participate in a company's decision making process.  A zenith coin has nothing even similar to the protection of shareholders of company stock.

Freicoin's demurrage forced savers to be spenders even when there is nothing to spend it on.  And this was the funny irony for Freicoin, because adoption/usage is the initial problem all altcoins have to solve.  Freicoin possesses an additional inherent pressure to gain adoption.  Why hold Freicoins and be submitted to demurrage while awaiting merchant adoption to reach some critical mass, especially when there are so many other choices of cryptocoins?  Freicoin was an admirable, but flawed model.
716  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZenithCoin (ZTC) on: May 30, 2013, 06:38:42 PM
It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins.  Yet, I see no finance team to complement the dev team.  You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins?  How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out?  Congrats, you have invented the open source version of this financial nonsense.  Except there is no central governing entity to bail out zenith coin.  It will just fail, leaving a wasteful carbon footprint and nothing more.  This is laughable.  And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects.  Your 'market making' activities will have the exact opposite effect of creating incentive for the devs.  I repeat, this is laughable.
Let's speak about arbitrage here for a second.  Current crypto markets are extremely inefficient, so any basic level of automation can easily profit out of this inefficiency.

Yes, lets speak about arbitrage.  Being a former fund manager for over ten years, when you simplify the dynamics of market trading, be it arbitrage or whatever, as a 'basic level of automation,' then I become wary of your business model.  It shows your inexperience, and quite frankly, immaturity and lack of discipline.  Show me your proposed scheme.  Is it strictly lateral arbitrage?  That is, will you exchange zenith coins into BTC then transfer coins to mtgox and sell the BTC into USD?  And then what happens if BTC runs?  You've basically crippled your returns.  And what if you need to purchase BTC and you've purchased at the top of said run and BTC falls?

And again, what are your credentials to even propose that there's a 'basic level of automation' which can enable arbitrage opportunities?  Who's the trading team?  Or are the devs, who are supposed to be working on projects, going to have to spend their time doing something outside their level of expertise?  I can go on and on...

It is clear the model for your coin is ill-advised.

As you say, there are clearly some level of risk with regards to arbitradge and a potential to take on loses.   Not every strategy may work long term. 

Howwever, this model is much better than any of the other coins that are out there.   What value do they provide other than serve as an indirect way to mine BTC or LTC?



This is the third time you've ignored my inquiries into your credentials as a capital manager and the details of who the trading/finance team is.  It is clear there is no trading team.  And it is safe to assume your resume lacks any experience in capital management.  A coin is only as good as its devs and their requisite skills.  So to answer your question as to what value do other altcoins provide, apparently the same value of zenith coin.  As of right now you're just a seven character string asking everyone to assume your the Warren Buffet of the cryptocoin world.  But I thank you for the chuckle...

We intent to bring on board an individual experienced in HFT and another individual experienced in Energy Trading.

Over time, we may solicit more expertise.

But at this time, the core team are mostly software developers.

Oh so you plan to use the 50% for your own HFT operations and yet we're supposed to take the published trading records in good faith, right?  This is hilarious.  Here, do yourself a favor, get this trading team of yours together, whip up a trading business model, go to btct.com and file for a debt offering.  Repay your debtors interest/dividend payments via your trading profits.  You'll see this is more viable and your fiduciary duties and obligations will be contractual (though still not legally binding, since btct.com makes it clear everything is virtually a game).  Using a cryptocoin for your HFT ops guarantees nothing for either side.
717  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZenithCoin (ZTC) on: May 30, 2013, 06:30:15 PM
Worth Noting: Nothing is stopping developers from taking the ENTIRE 50% of the 'fund' and treating it just like a premine scam, selling the entire stock at market price, keeping the BTC/LTC for themselves and killing off the coin for a profit.

Nothing stops the developers or the miners from selling off the coin.   Isn't that what happened to FTC, CHN, etc?  Nothing stopped the miners who mined 1.6 million coins in 2 hours at zero difficulty from selling.   Of course, what's their incentive on holding on the coin?  

The 50% split is meant to be a balance, a kind of standoff.   The developers trust that the miners will not sell off the coin, the miners trust that the developer do not sell of the coin.   Mutual trust, mutual self destruction.

The investors however are going to watch the behavior of both parties.   If they aren't cooperating, then the coin isn't going to go anywhere.    Kind of like a Nash equilibrium.



Your logic is flawed.  According to the canonical example of the Prisoner's Dilemma, both prisoners (miners and devs) will confess (dump their coins) even when it might seem in their best interest to not confess (dump their coins).  The Nash equilibrium is both sides dumping their coins!  There will be no waiting and watching the other side because that will cost them if they do.  As mentioned above by someone else, nothing is stopping you from dumping your coins, no different if it was premined, instamined, or freaking datamined.
718  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZenithCoin (ZTC) on: May 30, 2013, 04:38:39 PM
It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins.  Yet, I see no finance team to complement the dev team.  You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins?  How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out?  Congrats, you have invented the open source version of this financial nonsense.  Except there is no central governing entity to bail out zenith coin.  It will just fail, leaving a wasteful carbon footprint and nothing more.  This is laughable.  And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects.  Your 'market making' activities will have the exact opposite effect of creating incentive for the devs.  I repeat, this is laughable.
Let's speak about arbitrage here for a second.  Current crypto markets are extremely inefficient, so any basic level of automation can easily profit out of this inefficiency.

Yes, lets speak about arbitrage.  Being a former fund manager for over ten years, when you simplify the dynamics of market trading, be it arbitrage or whatever, as a 'basic level of automation,' then I become wary of your business model.  It shows your inexperience, and quite frankly, immaturity and lack of discipline.  Show me your proposed scheme.  Is it strictly lateral arbitrage?  That is, will you exchange zenith coins into BTC then transfer coins to mtgox and sell the BTC into USD?  And then what happens if BTC runs?  You've basically crippled your returns.  And what if you need to purchase BTC and you've purchased at the top of said run and BTC falls?

And again, what are your credentials to even propose that there's a 'basic level of automation' which can enable arbitrage opportunities?  Who's the trading team?  Or are the devs, who are supposed to be working on projects, going to have to spend their time doing something outside their level of expertise?  I can go on and on...

It is clear the model for your coin is ill-advised.

As you say, there are clearly some level of risk with regards to arbitradge and a potential to take on loses.   Not every strategy may work long term. 

Howwever, this model is much better than any of the other coins that are out there.   What value do they provide other than serve as an indirect way to mine BTC or LTC?



This is the third time you've ignored my inquiries into your credentials as a capital manager and the details of who the trading/finance team is.  It is clear there is no trading team.  And it is safe to assume your resume lacks any experience in capital management.  A coin is only as good as its devs and their requisite skills.  So to answer your question as to what value do other altcoins provide, apparently the same value of zenith coin.  As of right now you're just a seven character string asking everyone to assume your the Warren Buffet of the cryptocoin world.  But I thank you for the chuckle...
719  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZenithCoin (ZTC) on: May 30, 2013, 03:07:42 PM
It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins.  Yet, I see no finance team to complement the dev team.  You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins?  How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out?  Congrats, you have invented the open source version of this financial nonsense.  Except there is no central governing entity to bail out zenith coin.  It will just fail, leaving a wasteful carbon footprint and nothing more.  This is laughable.  And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects.  Your 'market making' activities will have the exact opposite effect of creating incentive for the devs.  I repeat, this is laughable.
Let's speak about arbitrage here for a second.  Current crypto markets are extremely inefficient, so any basic level of automation can easily profit out of this inefficiency.

Yes, lets speak about arbitrage.  Being a former fund manager for over ten years, when you simplify the dynamics of market trading, be it arbitrage or whatever, as a 'basic level of automation,' then I become wary of your business model.  It shows your inexperience, and quite frankly, immaturity and lack of discipline.  Show me your proposed scheme.  Is it strictly lateral arbitrage?  That is, will you exchange zenith coins into BTC then transfer coins to mtgox and sell the BTC into USD?  And then what happens if BTC runs?  You've basically crippled your returns.  And what if you need to purchase BTC and you've purchased at the top of said run and BTC falls?

And again, what are your credentials to even propose that there's a 'basic level of automation' which can enable arbitrage opportunities?  Who's the trading team?  Or are the devs, who are supposed to be working on projects, going to have to spend their time doing something outside their level of expertise?  I can go on and on...

It is clear the model for your coin is ill-advised.
720  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZenithCoin (ZTC) on: May 30, 2013, 01:29:55 PM
It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins.  Yet, I see no finance team to complement the dev team.  You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins?  How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out?  Congrats, you have invented the open source version of this financial nonsense.  Except there is no central governing entity to bail out zenith coin.  It will just fail, leaving a wasteful carbon footprint and nothing more.  This is laughable.  And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects.  Your 'market making' activities will have the exact opposite effect of creating incentive for the devs.  I repeat, this is laughable.
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