[ANN] [MΣC] Megacoin.co.nz - Forum, Github, Website Now in 18 Languages

[BladeRunner]

hey megacoiners,

we should work to create/develop both the software and the hardware for a debit card (or thumb drive) MΣC transaction authorizer machine to be used for retail stores everywhere.

a machine specifically designed to run a specific operating system (to which access is cryptographically protected from being hacked) tailored to the megacoin network and the secure access of portable password-protected wallets. this machine will have a keyboard interface and a built-in card/drive reader, and have an internet connection limited to ONLY connecting to the MΣC network.

the retailer owns and controls the machine, and customers bring their wallet debit card/drive to make a payment to the retailer.

the retailer inputs the charge amount (MΣC).

the customer connects/swipes his wallet debit card/drive, granting the machine access to his wallet.

the machine then automatically opens the customer's wallet, sets up a megacoin transaction of the charge amount from that wallet to the retailer's wallet, and displays a conformation screen for the customer to accept.

the customer visually verifies the charge amount.

the customer is prompted to type in his wallet password.

the machine verifies that the transaction was successful. (afterward, the machine DOES NOT store the customer's wallet information or password.)


it's important that this be a specific machine that will ONLY access wallet files, and is impossible to tamper or hack. the software must be trustworthy open-source, and would self-destruct if it's ever altered. and any fraudulent fake machine would need to be denied access to the network.

how can we make this happen?

Most retailers wont play the crypto game unless they can immediately exchange the crypto for fiat. before hardware there must be a USD-MEC exchange.

its a terrible idea to have a system with direct access to peoples wallets. it would be better to have to put the coins in the exchange which would then be able to make payments on your behalf. This way you only stand to loose whatever coins you put in the exchange if or when it gets hacked. No system is 100% secure when its on the internet. Its just the way life is.

[bholzer]

Anyone know why the market cap isn't being updated for MEC on coinmarketcap.com? Based on their BTC values, the current MEC market cap should be over $450,000 now...making it the completely uncontested #4 Scrypt currency in market cap and rapidly approaching the #8 overall spot.

[kriwest]

Anyone know why the market cap isn't being updated for MEC on coinmarketcap.com? Based on their BTC values, the current MEC market cap should be over $450,000 now...making it the completely uncontested #4 Scrypt currency in market cap and rapidly approaching the #8 overall spot.

It's not just MEC.
List of all coins not working as of this time:

Megacoin
Anoncoin
Memecoin
Xencoin
Alphacoin
Luckycoin
Krugercoin
EZcoin
Globalcoin
Doubloons
Spots
Casinocoin
Emerald
Nibble
Stablecoin

[onetime]

hey megacoiners,

we should work to create/develop both the software and the hardware for a debit card (or thumb drive) MΣC transaction authorizer machine to be used for retail stores everywhere.

a machine specifically designed to run a specific operating system (to which access is cryptographically protected from being hacked) tailored to the megacoin network and the secure access of portable password-protected wallets. this machine will have a keyboard interface and a built-in card/drive reader, and have an internet connection limited to ONLY connecting to the MΣC network.

the retailer owns and controls the machine, and customers bring their wallet debit card/drive to make a payment to the retailer.

the retailer inputs the charge amount (MΣC).

the customer connects/swipes his wallet debit card/drive, granting the machine access to his wallet.

the machine then automatically opens the customer's wallet, sets up a megacoin transaction of the charge amount from that wallet to the retailer's wallet, and displays a conformation screen for the customer to accept.

the customer visually verifies the charge amount.

the customer is prompted to type in his wallet password.

the machine verifies that the transaction was successful. (afterward, the machine DOES NOT store the customer's wallet information or password.)


it's important that this be a specific machine that will ONLY access wallet files, and is impossible to tamper or hack. the software must be trustworthy open-source, and would self-destruct if it's ever altered. and any fraudulent fake machine would need to be denied access to the network.

how can we make this happen?

Most retailers wont play the crypto game unless they can immediately exchange the crypto for fiat. before hardware there must be a USD-MEC exchange.

yea you might be right, and I agree it's a great idea to work on getting a fiat-MΣC exchange going. but actually, as more retailers everywhere start all getting paid in megacoin, eventually they all could then go spend their MΣC to buy things from other retailers the same way using just MΣC, and the result will be the emergence of a subversive new economy where fiat isn't even necessary.

its a terrible idea to have a system with direct access to peoples wallets. it would be better to have to put the coins in the exchange which would then be able to make payments on your behalf. This way you only stand to loose whatever coins you put in the exchange if or when it gets hacked.

that's a good point, but I can see it both ways. if the debit card/drive I carry around with me contains my MΣC "spending wallet" then I can just fill it with however much I feel is safe to carry with me. I could keep my "savings wallet" in a safe place, and transfer from one wallet to the other whenever I need more coins.

but yea, linking the machine directly to an online exchange could also be a great idea.

No system is 100% secure when its on the internet. Its just the way life is.

well hopefully there's a way to make secure MΣC retail transactions feasible. can we do it?

[MobGod]

[ethought]

The point of all my shitcoins was to show that coin creation isn't difficult and you shouldn't be throwing your money at every coin that comes along. A lesson lost on most, unfortunately.

So, you attempt to teach people to not throw away money on 'shitcoins' by making shitcoins? You sucker them in to teach them not to throw their money away? That's like saying I am going to rob you now so in future you are more weary of being robbed. Sorry but that is one of the worst excuses I have ever heard.

Just admit it, you made terrible coins and got a reputation as such, because you do not have the skill to make a decent coin. And if you do have the ability, go away and make one - prove us wrong - simple. I'm all for innovation and if you can make a better coin than Megacoin well done to you. But seriously your posts on this thread reek of jealousy and they make you look desperate for attention. Why not put your effort into creating / developing rather than being a &%$%?

[A L I E N]

Don't feed the scammer troll.  He railed against MEC from the beginning because an innovative dev was bad for his scamcoin cloning and he is just trying to promote is new scammy website now.  His posts are self promoting, aimed at deceiving newcomers into thinking he has their best interest in mind.  History proves otherwise..

[ethought]

The point of all my shitcoins was to show that coin creation isn't difficult and you shouldn't be throwing your money at every coin that comes along. A lesson lost on most, unfortunately.

So, you attempt to teach people to not throw away money on 'shitcoins' by making shitcoins? You sucker them in to teach them not to throw their money away? That's like saying I am going to rob you now so in future you are more weary of being robbed. Sorry but that is one of the worst excuses I have ever heard.

Just admit it, you made terrible coins and got a reputation as such, because you do not have the skill to make a decent coin. And if you do have the ability, go away and make one - prove us wrong - simple. I'm all for innovation and if you can make a better coin than Megacoin well done to you. But seriously your posts on this thread reek of jealousy and they make you look desperate for attention. Why not put your effort into creating / developing rather than being a &%$%?

Do you honestly think I intended to make any money with such creations like VaginaCoin? Don't be a damned idiot. These coins were specifically made to send a message.

VaginaCoin was one of your coins - I will say no more...

[sharknutzz]

Concentrating wealth in the pockets of a few is never a good thing, except of course, for those who hold the coin. The more distributed the wealth, the better chance a coin has at succeeding. Why would I want to buy into a coin that has been mined in this way when there are dozens of other coins with a more favorable reward structure? Hint: I wouldn't. It's the same reason coins with premines don't do well.

They're all premined.  It doesn't matter if premining results from a front-loaded block reward, or an individual's outsized ownership of hashing power nailing a coin with a decreasing block reward.  From day 1 there is always an arms race among those who want it badly enough.  Those who are capable of accumulating it first are also capable of selling it to others who want it.  Take a look at Novacoin, and argue against its current success if you'd like.  It is a known premine currently trading at around 0.03.  Think I'm wrong?  Go ahead and compare the massive stash of bitcoins accumulated by miners a few years ago with cheap GPUs against people buying $20,000 ASICs today who will never even reach ROI and let me know who the winner is.  Feel free to come right back with an empty "that isn't premining" comment.

The point of all my shitcoins was to show that coin creation isn't difficult and you shouldn't be throwing your money at every coin that comes along. A lesson lost on most, unfortunately.

Really, that was the point?  To put shitcoins out there and then call people stupid for mining/trading them?  Teach them suckers a lesson?

You're not going for 'credibility' at all here, are you?  Your interests seem to be very self-serving.

The fact that Megacoin is gaining market capitalization proves that people want to own it, regardless of any other details.  You don't think that its current community is capable of creating an economy around it?  If users decide to adopt it, what is going to stop them?  Some of these cryptos have a market, whether anybody agrees or disagrees with the reasons.

[Nordstern]

I repeat it once again!:

So yes, I am some kind of expert.

[vtr99]

The point of all my shitcoins was to show that coin creation isn't difficult and you shouldn't be throwing your money at every coin that comes along. A lesson lost on most, unfortunately.

So, you attempt to teach people to not throw away money on 'shitcoins' by making shitcoins? You sucker them in to teach them not to throw their money away? That's like saying I am going to rob you now so in future you are more weary of being robbed. Sorry but that is one of the worst excuses I have ever heard.

Just admit it, you made terrible coins and got a reputation as such, because you do not have the skill to make a decent coin. And if you do have the ability, go away and make one - prove us wrong - simple. I'm all for innovation and if you can make a better coin than Megacoin well done to you. But seriously your posts on this thread reek of jealousy and they make you look desperate for attention. Why not put your effort into creating / developing rather than being a &%$%?

Do you honestly think I intended to make any money with such creations like VaginaCoin? Don't be a damned idiot. These coins were specifically made to send a message.

VaginaCoin was one of your coins - I will say no more...

Now that Megacoin is taking off, Hazard and his band of losers are worried about our investment?  If there is nothing special about MΣC, why has no other developer been able to create a similar coin? 

His ranting makes him sound like a little kid who was caught in a lie trying desperately to make everyone believe the opposite of the truth. Megacoin had a fair launch that was announced to everyone. Since Hazard claims to be such an expert, and chose not to participate, I don't understand his complaints? Why show up now when everything is going well, and whining like a little kid that lost his lunch money? Pretty obvious who the damned idiot is...

Send a message? Real classy guy... What's next Hazard, Pervert Coin? Absolutely disgusting!

[MobGod]

I'll repeat again lol

[ronimacarroni]

For example, here is what a good launch looks like. Notice how steadily the supply chart increases: http://cryptometer.org/digitalcoin_90_day_charts.html

And now, megacoin: http://cryptometer.org/megacoin_90_day_charts.html

Notice how almost 10 days were of coins were created on the first day alone. Now consider the fact that this coin was launched with a horrific looking logo, and without source code, to deter miners. Who do you think mined the bulk of these coins? None other than kimoto himself. The difficulty chart supports my claim, as the difficulty only rose to 0.03 by day 2. This very low difficulty could only be maintained if there was a very low hashrate.

1.The zerocoin implementation may not be implemented into bitcoin because its not in its best interests.
Bitcoins wants to get into the mainstream and needing that sort of privacy may raise regulators eyebrows.
2.The fancy gui maybe just eye candy. But if its so easy to implement how come the bitcoin dev team never even tried it?
They probably don't care. In the end developers have been shown that they understimate how much user friendliness matters.
3.Dr. Kimoto has a doctorate on something. That can only be a good sign.

1. Then it would follow that if megacoin adopted zerocoin, it could not reach the mainstream... Correct?
2. Because the bitcoin development team is focused on the coding aspect. They care not for the graphical bells and whistles that add nothing of value. The client is open source so others can fork their own wallet with whatever graphical upgrades if they wish (and there is no shortage of alternate bitcoin wallets)
3. How do you know this? Because he told you? Do you believe everything you read on the internet?

1.Maybe. But if that were the case it'd find a niche market.
2.That's what microsoft said before apple taught them a lesson.
3.Well I assume he's telling the truth I guess.

[cgminer-o]

For example, here is what a good launch looks like. Notice how steadily the supply chart increases: http://cryptometer.org/digitalcoin_90_day_charts.html Also note how the difficulty increases accordingly.
 
And now, megacoin: http://cryptometer.org/megacoin_90_day_charts.html

Notice how almost 10 days were of coins were created on the first day alone. Now consider the fact that this coin was launched with a horrific looking logo, and without source code, to deter miners. Who do you think mined the bulk of these coins? None other than kimoto himself. The difficulty chart supports my claim, as the difficulty only rose to 0.03 by day 2. This very low difficulty could only be maintained if there was a very low hashrate. This low difficulty persisted for a week until the source code was released. Kimoto lined his pockets with millions of megacoins, and has somehow tricked you into thinking this coin was launched fairly. Very clever on his part.

This is all publicly verifiable data pulled from the blockchain. Investigate, and you will come to the same conclusion that I have.

1.The zerocoin implementation may not be implemented into bitcoin because its not in its best interests.
Bitcoins wants to get into the mainstream and needing that sort of privacy may raise regulators eyebrows.
2.The fancy gui maybe just eye candy. But if its so easy to implement how come the bitcoin dev team never even tried it?
They probably don't care. In the end developers have been shown that they understimate how much user friendliness matters.
3.Dr. Kimoto has a doctorate on something. That can only be a good sign.

1. Then it would follow that if megacoin adopted zerocoin, it could not reach the mainstream... Correct?
2. Because the bitcoin development team is focused on the coding aspect. They care not for the graphical bells and whistles that add nothing of value. The client is open source so others can fork their own wallet with whatever graphical upgrades if they wish (and there is no shortage of alternate bitcoin wallets)
3. How do you know this? Because he told you? Do you believe everything you read on the internet?

MEC =

YOU = ?

See Bitcoin, see PPCoin, see ixcoin in the first hour !

MEC in  Hour 1 have 1364 Transation!

[A L I E N]

You weren't registered on this forum for 2 months after MEC launched... Spare me the bullshit. You're new to the crypto game. MEC had a very shady launch and anyone around during that time period can attest to that.

Do note that you can, by all means, make short term profits on this coin. But if you are buying and planning on holding for a long period of time, you are going to get burned.

I WAS there at the beginning boy.  While you were claiming it was a wallet stealer, I was telling everyone to ignore your worthless trolling.  Now you are back trolling for your newest scam website.  

Kimoto, please delete Hazard's thread jacking drivel.  He is attempting to promote his latest scam at the expense of the Megacoin thread.

[MobGod]

Just ignore him easy don't keep feeding

[vtr99]

You weren't registered on this forum for 2 months after MEC launched... Spare me the bullshit. You're new to the crypto game. MEC had a very shady launch and anyone around during that time period can attest to that.

Do note that you can, by all means, make short term profits on this coin. But if you are buying and planning on holding for a long period of time, you are going to get burned.

I guess you are referring to me? I think shellbunner, or anyone else who was mining MΣC from day one will vouch for me. Initially I was under the impression the main MΣC forum was going to be on Cryptocointalk. I never felt the need to sign up here until things got interesting. Until MΣC came on the scene I was happy mining LTC, and didn't have much to say. But here I am wasting my time in childish exchanges with the likes of you...  

And yes, I do plan on holding ALL my MΣC and CGB for at least 3 years. If I lose the entire hundred bucks, so be it.  

So run along now, and follow your own foolish advice.  

[shellbunner]

You weren't registered on this forum for 2 months after MEC launched... Spare me the bullshit. You're new to the crypto game. MEC had a very shady launch and anyone around during that time period can attest to that.

Do note that you can, by all means, make short term profits on this coin. But if you are buying and planning on holding for a long period of time, you are going to get burned.

I guess you are referring to me? I think shellbunner, or anyone else who was mining MΣC from day one will vouch for me. Initially I was under the impression the main MΣC forum was going to be on Cryptocointalk. I never felt the need to sign up here until things got interesting. Until MΣC came on the scene I was happy mining LTC, and didn't have much to say. But here I am wasting my time in childish exchanges with the likes of you...  

And yes, I do plan on holding ALL my MΣC and CGB for at least 3 years. If I lose the entire hundred bucks, so be it.  

So run along now, and follow your own foolish advice.  

Yes I will vouch for you. We've been mining MEC since the beginning!

[vtr99]

You weren't registered on this forum for 2 months after MEC launched... Spare me the bullshit. You're new to the crypto game. MEC had a very shady launch and anyone around during that time period can attest to that.

Do note that you can, by all means, make short term profits on this coin. But if you are buying and planning on holding for a long period of time, you are going to get burned.

You're not arguing against logic you'e arguing against financial self-interest, you can't expect a reasonable response from these guys. Let them spew their nonsense about 'risk' and if they make a profit all power to them - but MEC is a blatant scam coin. It's designed purely to reward early adopters to a ridiculous extent.

Then why waste your time here telling this stuff to people who think you're a loser?  

If you don't like MΣC, scamper along and find something that makes you happy.

If you haven't figured it out yet, you will as Megacoin continues to grow explosively.

MΣC was designed PURELY to be the best! I don't believe there was any other motivation. Time will be the ultimate judge!

You might ask yourself what was the difference with early adopters of Bitcoin and Litecoin? Are you telling me they didn't have a big advantage? Does anyone really care? Ah yes, only losers seem disturbed by the success of others... 

[ronimacarroni]

You weren't registered on this forum for 2 months after MEC launched... Spare me the bullshit. You're new to the crypto game. MEC had a very shady launch and anyone around during that time period can attest to that.

Do note that you can, by all means, make short term profits on this coin. But if you are buying and planning on holding for a long period of time, you are going to get burned.

You're not arguing against logic you'e arguing against financial self-interest, you can't expect a reasonable response from these guys. Let them spew their nonsense about 'risk' and if they make a profit all power to them - but MEC is a blatant scam coin. It's designed purely to reward early adopters to a ridiculous extent.

So become an early adopter and get rewarded to a ridiculous extent.   
Only a month or so(?) before miners start feeling the burn.