The Criminal Coin

[Minecache]

Looks like the ETC Criminal Coin is finally dying. Gud job all pre-fork ETH hodlers sodl this shitcoinage.

[Minecache]

Hilarious to note that the DAO attacker tipped the ETC criminal coin chain gang 1000 measly criminal coins. Yes, a total value of <$1500.

[Ayers]

etc was doomed since the beginning because a clone of a clone is always a bad thing, it was just sort of propaganda about the liberty in the decentralization world of the crypto coin, like "we want to be free from your centralization", you can't base a success on this imho

[Minecache]

etc was doomed since the beginning because a clone of a clone is always a bad thing, it was just sort of propaganda about the liberty in the decentralization world of the crypto coin, like "we want to be free from your centralization", you can't base a success on this imho

Salient point. Thanks.

[raphma]

"The criminal coin"
"By: @minecache"



dude, etc is at the same price for weeks, no pump, no dump... what are you talking about? just another random thread about this "criminal coin" bullsh*t?

[Minecache]

"The criminal coin"
"By: @minecache"



dude, etc is at the same price for weeks, no pump, no dump... what are you talking about? just another random thread about this "criminal coin" bullsh*t?

It is less than half the peak value when the DAO attacker criminal gang pumped it to. The dev con meant to pull the community together has been cancelled. Now the DAO attacker is actively giving away free ETC to anyone who will accept them. So don't tell me this criminal shit isn't over. It is. Get over it. Loser.

[CraigWrightBTC]

Looks like the ETC Criminal Coin is finally dying. Gud job all pre-fork ETH hodlers sodl this shitcoinage.

In my opinion ETC is not dead, it is just fluctuation price and ETC's price is not going down less than 0.002BTC/ETC. In my prediction it will going up again and it is my chance for make stock ETC.

[dinofelis]

I'm simply waiting for the next big exploit on an ethereum contract.
Then we will know if ETH is definitely a fork coin, or also a criminal coin.

Problem is, the waiting can be long, because there's not much "life" in the contract world on ethereum.
Where are the contracts with tens of millions invested again, like the DAO ?

[Piston Honda]

ETC yes
XMR yes
ETH almost lol

[dinofelis]

Ethereum Bailout, and Ripple are the future of crypto weather you like it or not.

All coins need a centralized entity who can rollback transactions (Ethereum HardFork) and freeze funds (Ripple), or else they will never rise to the next level.

Once the combined marketcap of ETH/XRP bet BTC, then it's game over for bitcoin and all coinz that are not centrally controlled.

This may be a sad truth.  On the other hand, in as much as that is the case, it will only affect those that are in any case people that don't need crypto, and are law abiding. 

[spartak_t]

Decentralization is a dream and the authorities can enforce some laws to exchanges and merchants who are accepting any kind of cryptocurrency payments. I am 99% sure that this will happen in near future and therefore anonymous coins could be useless.

[dinofelis]

Decentralization is a dream and the authorities can enforce some laws to exchanges and merchants who are accepting any kind of cryptocurrency payments. I am 99% sure that this will happen in near future and therefore anonymous coins could be useless.

Again, if you are to be law abiding, then crypto is of no use.

[charleshoskinson]

Doing just fine with a lot of exciting stuff on the horizon. Thanks for the love and support Minecache.

[spartak_t]

Decentralization is a dream and the authorities can enforce some laws to exchanges and merchants who are accepting any kind of cryptocurrency payments. I am 99% sure that this will happen in near future and therefore anonymous coins could be useless.

Again, if you are to be law abiding, then crypto is of no use.

Fiat money were of no use in the Ancient Egypt as well, but now they have about a 1000 years of history. Banks are sometimes using 50-year old code. Bitcoin is only 7.5 years old.     

[neochiny]

Decentralization is a dream and the authorities can enforce some laws to exchanges and merchants who are accepting any kind of cryptocurrency payments. I am 99% sure that this will happen in near future and therefore anonymous coins could be useless.

Already starting, what with a lot of exchanges implementing aml/kyc regulations, strict identity verifications with even some requiring video verifications. It's starting to be the same as banks and credit cards. So, anonymous coins?

[dinofelis]

Fiat money were of no use in the Ancient Egypt as well, but now they have about a 1000 years of history. Banks are sometimes using 50-year old code. Bitcoin is only 7.5 years old.     

Since the age of empires (the classical period), the monetary items to be used in commerce have always been under state control, because who controls the "blood of the economy" controls essentially everything: you make the riches and the poor, you pay armies and traitors and it happens essentially in an invisible way.  Even gold and silver was a kind of "fiat" during the Roman times, because their conquests served essentially to take slaves, and to open silver mines that financed the state and its wars.... to conquer more territory, to obtain more slaves and silver mines. 
The European nations did about the same at the end of the middle ages in America with the gold mines over there.  So even gold and silver have been "fiat" money, in the sense that they served as seigniorage financing of the state.  Next came of course diluting the precious metals in state coins.  The Romans did it already.  Fiat money is simply "infinitely diluted gold and/or silver".  The dilution reached infinity in 1972.

States will never allow a monetary asset that they can't control as the main blood of the economy.  So forget the idea that you will LEGALLY have bitcoin as a general currency - unless - and that is my hope - that it sneaks in and takes states by surprise, weakening them, and in the end, make them collapse.   States can't live without pumping money.  They are the parasites that need to drink the economy's blood to survive.  They will not allow foreign blood to flow in the majority of economy if they cannot make it, control it, and take it away at their whims, unless they have been weakened enough that they lose their power.

Bitcoin is a totally different beast than any other state money, whether it be gold or paper fiat, in the sense that bitcoin cannot be state controlled - unless China seizes all the mining, and bitcoin becomes Chinese money.  It will never be accepted by states as a currency. 

At best, states themselves will invent some kind of state crypto, of which they get the seigniorage, they get to decide upon the forking, and they have the exclusivity to mine/mint/print it.  At which point it is not a free crypto any more.  Bitcoin could be state-forked into such a thing.  But it won't be bitcoin any more. 

It would be a freedom nightmare: a compulsory blockchainish state currency, somewhat monero like, but with a state golden viewkey, so that they, and only they, can see every transaction.

If you want to call that "crypto", be my guest. 

[dinofelis]

Already starting, what with a lot of exchanges implementing aml/kyc regulations, strict identity verifications with even some requiring video verifications. It's starting to be the same as banks and credit cards. So, anonymous coins?

This is the eternal confusion.  You can say that about cash too: the only way to get cash from a bank account is to withdraw it from a known account with known identities.   This has nothing to do with the anonymity of cash, but rather with the non-anonymity of bank accounts.  It is not because the OTHER ITEM against which you trade with an anonymous coin is giving away your identity, that the coin itself is the culprit.  If you want to exchange against fiat bank account money, then the anonymity is lost because of the fiat bank account, not because of monero or another crypto.

As long as you stay within the crypto world, distributed exchanges are/will be possible. 

But the real use of anonymous crypto is of course when it closes the economic circle.  For instance, suppose that I sell illegal weapons for monero, and I want to buy drugs with monero.  I never leave the chain.  THEN this anonymity works.  I exchange weapons for drugs, and I use monero as an intermediate store of value.  And here, this anonymity is of value, because if some participants get caught, chain analysis will not allow to complete the missing knowledge.

[ArticMine]

It can actually work also the other way, with Monero. If some of the participants get caught and the government seizes the coins, as happened Silk Road / Bitcoin / US Government then it would also not be possible to pull a "Ethereum style fork" in order to undo the government seizure.

[dinofelis]

It can actually work also the other way, with Monero. If some of the participants get caught and the government seizes the coins, as happened Silk Road / Bitcoin / US Government then it would also not be possible to pull a "Ethereum style fork" in order to undo the government seizure.

That's normal, isn't it ?  Otherwise, immutability is gone, and if you can pull it off against a gouvernment, you can pull it off against just anybody. 

That's the nice thing about monero: its fungibility. 

[Altitude]

na na na naaaa na na na naaaa hey hey hey Goood byyyyeeeeeee!  so long shit coin!