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21  Alternate cryptocurrencies / Altcoin Discussion / Re: How can developers make a decent return for their work in crypto currency on: July 13, 2013, 04:33:55 PM
Right now the rewards are just slanted way too much to the miners and not enough to the developers.  And pre-mine is just way too much guesswork.  You could pre-mine way too much, or not nearly enough.  I'm thinking though what we really want is a long term, if not perpetual commitment to development of the currency.  That means giving a perpetual reasonable small % of the rewards to the developers.    The developers can then give bounties to pools, exchanges, etc.  I don't think you can just hard code 10 addresses though for the developers.  You would need to change those addresses over time to protect the private keys.  Maybe we can come up with some other mechanism for making this happen, but something needs to happen, otherwise we are just going to be left with a bunch of worthless abandoned coins.  That does not benefit the miners or anyone else.  If I'm mining a coin, I do not want the developer to view it as some kind of hobby that gives them no reward.  The developer is bound to move on.  I want the developer to be more interested than me the miner in seeing the coin succeed.  Otherwise miners are all going to be interested in is pump and dump, which is what we are seeing now. As a miner I want coins I can rally behind and stick with for the long term.
22  Alternate cryptocurrencies / Altcoin Discussion / How to do a market order on cryptsy on: July 13, 2013, 01:06:12 PM
When I buy or sell coins on cryptsy, it defaults to the current best price.   However, I usually only buy/sell a portion of my coins at that price.   Then I have to wait for someone else to come along and meet my original order price.  I had heard that Cryptsy was coming out with a market order feature.  Is this what I am using, or is there a feature that allows your price to be automatically adjusted until all your coins are bought/sold (near) immediately?
23  Alternate cryptocurrencies / Altcoin Discussion / Re: How can developers make a decent return for their work in crypto currency on: July 13, 2013, 10:49:42 AM
If there are any crypto coin developers here making a decent wage of $40/hour using any means please let us know how you do this (pre-mine, donations, something else).  If there are any crypto coin developers making more than $8/hour on donations alone please let us know this is possible.
24  Alternate cryptocurrencies / Altcoin Discussion / How can developers make a decent return for their work in crypto currency on: July 13, 2013, 02:31:21 AM
I'm a software developer with many years of experience, and I have been kicking around all sorts of ideas, but I find it hard to come up with a scenario where I would make any decent return writing crypto coin code.   Heck from what I understand Gavin wasn't getting fully paid for a long time.  If he isn't getting paid enough, how could any other developer expect anything? 

One area is the alt coin arena.   How do the developers get paid unless they pre-mine and they get raked over the coals for doing so.   From the way I see it, it would be better if a percentage of the mined coins continually went to the developers, so no pre-mine would be necessary, and the coin would keep improving.

Is there any area to get into that makes sense?
25  Bitcoin / Meetups / Milwaukee Meetup (Bitcoins & Altcoins) on: July 13, 2013, 02:16:03 AM
Anyone interested in participating in a Milwaukee Crypto Currency Meetup?  If there is enough interest, I will set one up.   I think it would be a good way to exchange trading and mining practices,  buy & sell coins, maybe even work on collaborating on setting up a pool or an exchange or doing software development.
26  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] and [free Altcoins] here on: July 11, 2013, 01:55:58 AM

Thanks!  Smiley
27  Alternate cryptocurrencies / Altcoin Discussion / Re: {ARG}{DGC} Multi-coin GIVEAWAY! on: July 11, 2013, 01:36:09 AM
ARG: AH5W1zw5XwFwamUJhrQ42kvuCJvYg6BSRn
DGC: D7xhRNUtc1jR369FfLrpbtwwdVr4hdmHkv

28  Bitcoin / Bitcoin Discussion / Questions about transaction fees on: July 06, 2013, 12:15:40 PM
I read the standard transaction fee info at

But I still have a few questions:
   What happens if you do not send the full standard .0005 BTC transaction fee?  How long is the confirmation typically delayed?
   What happens if you send no transaction fee? How long is the confirmation typically delayed?
(Put another way, is it just a dumb idea to not include the standard transaction fee?  Is it possible for a transaction to permanently get stuck in limbo?)
   Suppose the total coins you need to send exceeds the value of your individual addresses.  If you send out 1 combined amount from multiple addresses at the same time are you charged multiple transaction fees or just 1 fee?  (It sounds like you could easily combine less than 20 source addresses and get away with using just one .0005 BTC fee)
   When getting change back for sending out too much,  does the change go to a different address automatically in all wallets? (my guess is: no, but it is possible?)
   Is there a separate transaction fee needed when the change goes to a different address (a new change address) than the original sending address?  (my guess is: no)
   Can you send from one address to multiple for 1 standard fee with having it be delayed? (my guess is: no)
29  Alternate cryptocurrencies / Altcoin Discussion / get continously updated total supply values for alt-coins on: June 29, 2013, 12:49:42 PM
I'm looking for a way to get a continously updated current feed of the total supply of as many alt coins as possible.  Is something like this possible? has this but they are missing a bunch of coins.
30  Bitcoin / Legal / Re: What price info to gather for IRS for exchanging mined coins for other alt coins on: June 25, 2013, 10:32:16 PM
Ok,  but does that mean I don't get to write off my mining equipment?   I spent a little over $1900 for my mining rig.    If I have no income to report this year for all my mining because I don't cash in any of my mined coins, does that mean I can't write off the $1900?   I would have a $1900 expense and no income?   My tax accountant was telling me that I would add up the dollar value of all my coins at the end of the year and use that to offset the cost of the mining rig.
31  Bitcoin / Legal / What price info to gather for IRS for exchanging mined coins for other alt coins on: June 22, 2013, 12:31:31 PM
I don't want to get into any discussions on whether or not crypto currencies should be taxed.  But I do have a question on what the US IRS tax requirements will be, especially concerning how to report trades of mined coins on exchanges.   Say for example I want to mine one kind of coin because they are more profitable to mine, but I want to convert them into some other coin because I believe that that coin has a better chance of appreciating in value over time.  So I take my mined coins and send them to an exchange, sell them for bitcoins (because that is all the exchange will allow me to sell my coins for) and then I buy the coin I actually want with the bitcoins.  My question is, is any of this taxable (for example as a capital gain), and if so how do I figure out my purchase price for the coins I am selling?  Both my original coin, and the bitcoins?   The bitcoins are a little easier, because I can go to Mt. Gox and figure out what bitcoins were worth at the time of purchase.  But the original coin slowly trickled in while I was mining it over time.  So how do I price that?   Do I have to figure out the price of the coin when I started mining, and when I finished mining and average it out?   This seems to be an incredibly time consuming task seeing as I will probably have lots of transactions where I only have mined say $15 worth of the original coin over the last several days. 

My tax accountant says not to worry that he thinks the IRS might let me treat the exchange of one crypto currency into another as a like kind exchange.   But I wikipedia'ed "like kind exchanges" and it sounds like the IRS only allows this for certain kinds of assets such as real estate, and that it doesn't allow like kind exchanges for stocks and bonds.  And the IRS seems to be hinting that it wants to treat crypto currencies more like stocks and less like currencies.  Can anyone shed any light on this?   What coin price information should I be gathering and when? 

What does seem to be more clear is that when I sell my crypto coins for dollars/fiat or use my crypto coins to buy physical objects that would be required to be reported as income.
32  Bitcoin / Pools / How long need to continuously mining bitcoins on coinotron to get full rewards on: June 16, 2013, 07:14:34 PM
I've been used to seeing rewards fairly quickly for mining other coins on coinotron, but much slower response when mining bitcoins there.   I see a round length of 267 h on the site, compared to :3 hours or less for other coins.   Does this mean I have to mine bitcoins for 267 hours straight to get any rewards?  Or in other words how long do I have to mine bitcoins for at a minimum to get a full return on my mining time?   I'm not a pool hopper, but I don't want to mine for more than a day just to get full credit either.  I don't mind if the rewards are delayed but I don't want them to be reduced because I wasn't mining long enough.

Put another way, what does the 267 h round length mean?
33  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: - market cap rankings of all cryptocurrencies! on: June 10, 2013, 01:43:33 AM
I dont see worldcoin?
I think it may be because they temporarily lost their block explorer (  But it's back, and there is a second one at:

At any rate, I'd love to see WDC on this site as well as this information is hugely valuable.
34  Alternate cryptocurrencies / Altcoin Discussion / Re: CryptoCoin Explorer - Alt Coin Block Explorer. Now hosting 14 Coins!! on: June 09, 2013, 03:33:23 AM
Soooooo, about that Worldcoin removal? I have no investment or any real interest in Worldcoin in particular but how can I rely on your site if you just randomly remove coins and give absolutely no reason for it?
I do have an investment and an interest in Worldcoin, and as I know of no other block explorer for Worldcoin this was a big loss not being able to know how many coins are in my offline wallet.
35  Alternate cryptocurrencies / Altcoin Discussion / Re: Vircurex: Which of these coins would you like to see on Vircurex on: May 25, 2013, 04:43:34 PM
Voted for WorldCoin.  Its profitability is consistently high so it's my favorite to mine.
36  Other / Off-topic / Re: Talked to the minetest devs today on: May 05, 2013, 02:53:19 AM

I'm a Mod developer for Minetest,  my handle there is Neuromancer.  Not only do I accept bitcoins, but I am assembling a Litecoin Mining rig as we speak.  Then when it becomes obsolete those gpu's will be put to good use playing Minetest!

I wish the Bitcoin Mod for Minetest contained mining rigs with crafting recipies.

What's your handle on the forums there?
37  Bitcoin / Development & Technical Discussion / Re: What ownership proof does Bitcoin client send to network when spending coins? on: May 01, 2013, 02:49:51 AM
One or more public keys are made public at the point of "spending" funds - this is still no real risk as the private key is never seen (except by yourself) although if any weakness is found with ECDSA (or some future quantum computer is built to discover private keys from public ones) then potentially any remaining funds at that address could be at risk.
It is for this reason that you are advised never to re-use an address.
So if I have 20 Bitcoins at my address and spend 5 of them, I should immediately or ASAP send the remaining 15 to a different address in my wallet?
38  Bitcoin / Development & Technical Discussion / What ownership proof does Bitcoin client send to network when spending coins? on: May 01, 2013, 02:20:46 AM
There has been something that doesn't make sense to me.   What does my bitcoin client send to the network to let the network know that I am legitimately spending my coins?

Does it just send my bitcoin address?  I doubt that, because I could create my own client that just takes someone else's bitcoin address and send that and spend their bit coins.  

Does it send my private key?  That would at least prove to the network that I am properly entitled to spend the bit coins, but then would let anyone else spend the remaining bitcoins for that address because now my private key is public knowledge.

So I'm guessing a 3rd option happens, it sends my BitcoinAddress, plus some other derived number that lets the network know that my client has my private key, but it doesn't actually send my private key.    Is that right?  But isn't that public now, and can't that be reused by someone else as proof they can spend my account's remaining bitcoins?  So this number must morph somehow for each transaction and can't be re-used, but based on what?  Position in the blockchain?  Time of day, account balance?
39  Other / Beginners & Help / litecoin wallet strange registry settings on: April 22, 2013, 02:22:59 AM
I've been using Bitcoins for a while now, and so I thought I'd give litecoins a try.  So I downloaded the litecoin wallet from github but when I installed it and then ran it for the first time my firewall software warned me that it was trying to write to strange places in the registry, namely in the system registry for every component of sql server that I had installed like analysis services, and other suspicious locations like windows workflow and just about every other MS service on my system.  Here's one example: (hklm\system\controlset001\services\bits)  I blocked these registry entries from being set, but now I'm thinking Litecoin might not be worth the hassle to deal with.    Can anyone shed any more light on this?   Does the litecoin wallet software on github contain a virus?  My antivirus software didn't complain, but something just didn't seem right to me.
40  Other / Beginners & Help / Re: Whitelist Requests (Want out of here?) on: April 21, 2013, 08:53:39 PM
I'm a Minetest mod developer and would like to reply to this post:

I also regularly get together with a group of developer friends and we are considering working on a Bitcoin related project or two.


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