MicroGuy (OP)
Legendary
 Offline
Activity: 2506
Merit: 1030
Twitter @realmicroguy
|
 |
June 19, 2013, 04:20:45 PM |
|
Because difficulty is adjusted, it only takes a couple miners to run the whole network. Without people using the coin mining is useless and a waste of energy. Therefore, it is the users and not the miners that is ultimately important.
This is correct. Ultimately it will be mass consumer adoption that will drive price via supply and demand. At this stage however it is accumulation that is desired. Then as difficulty increases and supply diminishes the consumer adoption phase will move forward. |
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
thekidcoin
Sr. Member
Offline
Activity: 308
Merit: 250
FlutterCoin Developer
|
|
June 19, 2013, 05:40:48 PM |
|
Awesome feature: This user is currently ignored.
|
1MYL967PR52xiNtqSP9WphRvPzKZDjBdxn
|
|
|
Hydroponica
Full Member
Offline
Activity: 182
Merit: 100
fml
|
|
June 19, 2013, 05:46:00 PM |
|
Awesome feature: This user is currently ignored.
Oh no, some guy just made a valid point and now I look like a complete idiot! I know, I'll just click ignore, so I don't have to face just how much of a retard I am. |
|
|
|
|
|
MicroGuy (OP)
Legendary
Offline
Activity: 2506
Merit: 1030
Twitter @realmicroguy
|
|
June 19, 2013, 05:54:08 PM |
|
Thanks for the update. I'll get the OP updated now.  |
|
|
|
|
just_me
Sr. Member
Offline
Activity: 420
Merit: 250
Jesus Christ Saves Sinners
|
|
June 19, 2013, 07:38:59 PM |
|
Want to get another 100,000 GLDcoins
But not enough cash right now.
Anyone willing to make me a loan?
Thank you
|
Today is the day that the Lord has made, lets be glad and rejoice in it
|
|
|
|
|
jackjack
Legendary
Offline
Activity: 1176
Merit: 1233
May Bitcoin be touched by his Noodly Appendage
|
|
June 19, 2013, 08:26:08 PM |
|
it will be mass consumer adoption
Yep, surely |
Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2 Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc. |
|
|
thekidcoin
Sr. Member
Offline
Activity: 308
Merit: 250
FlutterCoin Developer
|
|
June 19, 2013, 09:49:50 PM |
|
Awesome feature: This user is currently ignored.
Oh no, some guy just made a valid point and now I look like a complete idiot! I know, I'll just click ignore, so I don't have to face just how much of a retard I am. Of look some clown with the net worth of $100 just made a point he thinks is valid, and now because he has all the time to post in the world (you know because you a failure in life, a loser, a bustout), hes back to troll. I'll pay you a few crumbs to get me coffee and fetch me lunch little troll. Buy a 45 and end it all - do everyone a favor. |
1MYL967PR52xiNtqSP9WphRvPzKZDjBdxn
|
|
|
thekidcoin
Sr. Member
Offline
Activity: 308
Merit: 250
FlutterCoin Developer
|
|
June 19, 2013, 09:50:29 PM |
|
it will be mass consumer adoption
Yep, surely Look its one of the trolls |
1MYL967PR52xiNtqSP9WphRvPzKZDjBdxn
|
|
|
dreamwatcher
Legendary
Offline
Activity: 1064
Merit: 1000
|
|
June 19, 2013, 10:31:04 PM |
|
gld.cryptocoinmine.com has lowered the payout confirm count to 10. This means coins will be credited to the miners account when a block has 10 confirms instead of 120. I am doing this as part of the general preparation to start the PPS pool. I have purchased enough reserve to run the PPS pool and lower the confirm rate on the proportional pool. Enjoy quicker rewards on CryptoCoin mine.
|
|
|
|
|
|
AZIZ1977
|
|
June 19, 2013, 10:33:28 PM |
|
gld.cryptocoinmine.com has lowered the payout confirm count to 10. This means coins will be credited to the miners account when a block has 10 confirms instead of 120. I am doing this as part of the general preparation to start the PPS pool. I have purchased enough reserve to run the PPS pool and lower the confirm rate on the proportional pool. Enjoy quicker rewards on CryptoCoin mine. thnx dreamwatcher |
|
|
|
|
|
kimosan
|
|
June 19, 2013, 11:13:08 PM |
|
...  |
|
|
|
|
Majormax
Legendary
Offline
Activity: 2534
Merit: 1129
|
|
June 19, 2013, 11:21:18 PM |
|
... Yep.. those are sell orders... The BUY orders total 600 LTC (over 1 million GLD) |
|
|
|
|
|
kimosan
|
|
June 19, 2013, 11:38:14 PM |
|
Yep.. those are sell orders... The BUY orders total 600 LTC (over 1 million GLD)
It's called price manipulation. Rather stupid attempt I might add, but someone is trying to create the illusion of a rise in gldcoin price. This is pretty much frowned upon, but hey, keep right on buying into that false uptick if you wish. (if it happens) And yes, you are correct, if the BUY orders for gld do indeed = 600 LTC that is almost 1.million.gld.coin or... 12.5 BTC / $1350 USD Sorry if I missed your point. I'm a bit tired this evening. |
|
|
|
|
Majormax
Legendary
Offline
Activity: 2534
Merit: 1129
|
|
June 20, 2013, 12:00:31 AM |
|
Yep.. those are sell orders... The BUY orders total 600 LTC (over 1 million GLD)
It's called price manipulation. Rather stupid attempt I might add, but someone is trying to create the illusion of a rise in gldcoin price. This is pretty much frowned upon, but hey, keep right on buying into that false uptick if you wish. (if it happens) And yes, you are correct, if the BUY orders for gld do indeed = 600 LTC that is almost 1.million.gld.coin or... 12.5 BTC / $1350 USD Sorry if I missed your point. I'm a bit tired this evening. Most people ignore the small orders, if they read a book at all. There are also much larger sell orders close to and above those little ones... Just felt your snapshot was very selective..and I didn't get your point either really ! ... Anyway, its a tiny market, and as you say, there will always be manipulators. |
|
|
|
|
kelsey
Legendary
Offline
Activity: 1876
Merit: 1000
|
|
June 20, 2013, 12:13:49 AM |
|
Yep.. those are sell orders... The BUY orders total 600 LTC (over 1 million GLD)
It's called price manipulation. Rather stupid attempt I might add, but someone is trying to create the illusion of a rise in gldcoin price. This is pretty much frowned upon, but hey, keep right on buying into that false uptick if you wish. (if it happens) And yes, you are correct, if the BUY orders for gld do indeed = 600 LTC that is almost 1.million.gld.coin or... 12.5 BTC / $1350 USD Sorry if I missed your point. I'm a bit tired this evening. The same inner circles the only people buying, making all buying up effectively the same as pre/insta mining......... |
|
|
|
|
|
|
kelsey
Legendary
Offline
Activity: 1876
Merit: 1000
|
|
June 20, 2013, 01:03:37 AM |
|
The haters come out at night, the haters come out at niiiiiight!
middle of the day here in aus |
|
|
|
|
|
kimosan
|
|
June 20, 2013, 02:31:45 AM |
|
not selling cheap is price manipulation? Laughable. Its just called not selling cheap.
People have no clue how markets work. BTC is the price it is today because of price manipulation, and so is LTC (even worse manipulation).
Its called trading, and the same thing is done on the trading floors of every futures exchange in the world, traders trading between themselves to manipulate the fools and newcomers into buying or selling orders and then quickly turning around and profiting.
I know people who made 50K a day steady USD in the late 90's early 00's doing this.
(now, please trolls come and call me an idiot because they know better)
/troll
Couldn't have said it better myself. |
|
|
|
|
|
