A warning about Alt-Coins

[Bombtrack]

Is there any current way to exchange Catcoin for any other currency without having to trade with a random stranger?

[meade16]

It ate a lot of the rest of my post earlier. I was going to ask other newbies if they had traded crypto currency on ebay before?

 I sold 5 lots of 1,000,001 MILLIDoge for an average price of $115.00 on ebay last few days. The buyers are trying to claim that I promised 1 million doge for the price. In the description/body of the ad I say five times that they are getting 1,000 Doge only for thier $127.00, one guy bought three lots. Now everything is being held by Paypal, and I was wondering what paypal would do with the profits - since they say they have no refund/buyer protection for intangible digital items.... anyone had experience with this?

Paypal will refund and chances are eBay will ban you.

[hoolio]

Whats the newest altcoin at the moment?

[mostclicked]

Fedoracoin if not mistaken

Whats the newest altcoin at the moment?

[xmascoin]

HOO HOOO HOOO Merry Christmas... New ALTCurrency ....

[ANN][Xmas]  Merry Christmas - NEW

http://img35.imageshack.us/img35/2518/306e.png

Announcing XmasCoin - Xmas, the latest and innovative PoW/PoS coin!

It promised to comply, after spending hours and hours with little time and could finish this new cryptocurrency. Reach all of you XmasCoin, currency all day is Christmas and fills you with many XmasCoin.


Specifications:
- Proof of work/proof of stake
- Scrypt
- 10 minutes block time
- 365 coins per block
- Retarget every block using last 10 blocks average
- Total number of coins 95.922.000 (5 Years)
- fair start, no premine
- port: Connection 9366 and RPC Port 9365


Exchange:

Cryptsy:
https://www.cryptsy.com/ Coming Soon

Coins-e:
https://www.coins-e.com/ Coming Soon....

Coinex.pw:
https://coinex.pw/ Coming Soon....


Mining Pool (Coming Soon | Only working alone):

http://p2pool.xmascoin.info
http://mining.xmascoin.info


Blockchain explorer (Coming Soon | Only working alone):

http://block.xmascoin.info/


Download (version 1.0):

Source Code Download:
https://github.com/XmasCoin/XmasCoin.git

Binary (Coming Soon |  Only working alone)
Windows
MacOSx

Sample xmascoin.conf:

listen=1
daemon=1
server=1
rpcuser=**Yourusername**
rpcpassword=**Yourpassword**
rpcport=9365
rpcconnect=127.0.0.1
addnode=seed.xmascoin.info
addnode=54.209.117.38
addnode=54.208.161.252
addnode=54.209.197.22


Getting Started:

1. Start up xmascoin-qt, wait for it to load, then exit.
2. Put xmascoin.conf (see sample file above) in your c:/users/**yourcomputername**/AppData/Roaming/xmascoin
3. restart xmascoin-qt or xmascoind, and you should connect and sync.
4. For solo mining, launch cgminer or the mining program you use and begin mining.
      cgminer ex: cgminer.exe --scrypt -o localhost:9365 -u **yourusername** -p **password** (without **)




To continue this great project, you can donate! ..

BTC - 1LfKxy3HkSrXQTPZx1CbxB5rKeVnzBemCa
LTC - LTxQQbTTra1LUcZs73fTNayRFZwdnzajuj
Xmas - XnWDu1yA8MbC95NTgJvKoEpHW1ZBXDFkbr

[billybeartku]

kind of interested in LTC but there are so many alt coins available now and I don't know where to look

[acter]

i will come

[tngu]

What do u think about "Billioncoin" im searching and wondering that 

[ryancoin2]

Selling on ebay is risky due to chargebacks.

[now2ai8]

Selling on ebay is risky due to chargebacks.

Be very careful with Paypal.  Charge backs is a real problem.  It has happened to me.  Nothing you can do about it either. 

[stompix]

Selling on ebay is risky due to chargebacks.

Be very careful with Paypal.  Charge backs is a real problem.  It has happened to me.  Nothing you can do about it either. 

Not charge backs are the real problem.

The real problem are scammers who use the charge back feature for their schemes.
It's like cars are to blame for all the accidents. No , in most cases , the human that drive them is to blame.

Avoid the scammers and you avoid the problems.

[Skobas]

It ate a lot of the rest of my post earlier. I was going to ask other newbies if they had traded crypto currency on ebay before?

 I sold 5 lots of 1,000,001 MILLIDoge for an average price of $115.00 on ebay last few days. The buyers are trying to claim that I promised 1 million doge for the price. In the description/body of the ad I say five times that they are getting 1,000 Doge only for thier $127.00, one guy bought three lots. Now everything is being held by Paypal, and I was wondering what paypal would do with the profits - since they say they have no refund/buyer protection for intangible digital items.... anyone had experience with this?

Paypal will refund and chances are eBay will ban you.

I have to agree on this one.

[cAllisTo]

that was a good point thanks for the alert .

[nexter]

do you suggest to have a large portfolio of alt coins?

i've done very well acquiring several of them trading some and holding some, but i make a criteria to mostly buy coins that have unique or innovative properties to btc.

[merv77]

It ate a lot of the rest of my post earlier. I was going to ask other newbies if they had traded crypto currency on ebay before?

 I sold 5 lots of 1,000,001 MILLIDoge for an average price of $115.00 on ebay last few days. The buyers are trying to claim that I promised 1 million doge for the price. In the description/body of the ad I say five times that they are getting 1,000 Doge only for thier $127.00, one guy bought three lots. Now everything is being held by Paypal, and I was wondering what paypal would do with the profits - since they say they have no refund/buyer protection for intangible digital items.... anyone had experience with this?

Paypal will refund and chances are eBay will ban you.

I have to agree on this one.

my ad selling USB Erupters on Gumtree Australia (owned by eBay) was cancelled and when I appealed I got this reply below.



best not to ask unrealistic prices for crypto-currencies and/or miners otherwise eBay could follow suit.
we don't want to give bitcoin or any crypto's a bad name.
 
EDIT.  there was nothing in their 'Terms of Use' saying bitcoin related sales were not allowed when I checked.

[sevenyears26]

Alt coins arent going away anytime soon. They are like a backdoor into the groundfloor of bitcoin for all those who missed out. The question is, what will their effects be on the price of bitcoin as we start to see hundreds or even thousands of these coins traded against it. 

[sevenyears26]

These newbie rules are annoying but understandable.

[AT101ET]

Most alts will come and go.
Only the established ones will remain.
I like DOGE, DEV and NXT. I think they'll do well.
But who knows?

[tozak]

What is the best way to find out when a new Alt coin is released?

[dopey]

What is the best way to find out when a new Alt coin is released?

Check out the alt coin forum section bud.