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bbxx
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July 19, 2013, 10:27:07 PM
 #21

price has crashed.

why ?

What website are you looking at?? Price is at .0126 on cryptsy, still higher than it was 24 hours ago (.01195).... not sure how that's a crash.

it was 0.017 today so it is 40% crash.

like bitcoin same day from 260$ to 150$
Seems like some are making it a lot more dramatic than it really needs to be...

It's a brand new coin with a lot of hype (granted, well deserved hype). Crypto trading already consists of a shit load of volatility, even more so for something new like this.

I really don't see the point in worrying about hourly spikes and drops... that's bound to happen. It went down to .002 a few days again didn't take long at all to get back up there. I'm sure it will dip under .01 again at some point, and it will be no reason to freak out... it's going to be awhile before XPM is the least bit stabilized.

Edit: also, .017 to .0126 is not a 40% crash.... try 25.88%. Bitcoin was a 42.30% crash at the price marks you provided.


u are right, 0.017 to 0.011 it is only 28% crash
i think real bottom is set at ~ 0.01

u need only about 6 btc to pump price to 0.0145 on cryptsy, it is shallow market

this coin has some hope for future but price 1$/coin is really high.
when some whales will sell to payoff their hosting bills coin value will go towards dvc Smiley

i am holding anyway, till christmass :>
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July 19, 2013, 10:34:35 PM
 #22

Primecoin is new, is that all?! What innovation??! Which of Bitcoin addressed flaws it improves or solves??!
Of course to show non-specialists that one can code a coin protocol by using prime numbers instead of hashing algorithms is nice, everybody accepts that. But what then?!... "it has benefits outside the coin economy, for finding primes".. are you kidding? then where the resulted prime list is stored now for the use of number theorists?! (putting aside the fact that there are a lot of more clever and faster ways-sieves of finding primes inside math community already, if you need some I can refer you to)
Besides using a new (interesting I confess) way of encryption, the only benefit I see from this new (come and leave) altcoin is for dearest miners and darling speculators to benefit the pyramid.. yes the price will rock for a while, because it is new and looks attractive (very american, isn't it?!) so if you did buy a lot when the prize was 10 cents or mined when the diffculty was <1, you win some money..and then it will go to the list of alt-coin stories.
 
  
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July 19, 2013, 10:58:12 PM
 #23

thank you
you just crashed XPM to 0.0088

weak hands are monitoring this topic be carefull what you write there Smiley
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July 19, 2013, 11:17:14 PM
 #24

Holding my position. Cool

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bbxx
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July 19, 2013, 11:17:45 PM
 #25

thank you
you just crashed XPM to 0.0088

weak hands are monitoring this topic be carefull what you write there Smiley

We know XPM will increase and rise in value. It is strong.

good boy Smiley
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July 19, 2013, 11:29:45 PM
 #26

no, it got hyped thats all... itll crash and dissolve like everything else

"Never let the future disturb you. You will meet it, if you have to, with the same weapons of reason which today arm you against the present"
- Marcus Aurelius
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July 19, 2013, 11:35:30 PM
 #27

no, it got hyped thats all... itll crash and dissolve like everything else

and then you will buy. Smiley
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July 19, 2013, 11:49:15 PM
 #28

price has crashed.

why ?

What website are you looking at?? Price is at .0126 on cryptsy, still higher than it was 24 hours ago (.01195).... not sure how that's a crash.

it was 0.017 today so it is 40% crash.

like bitcoin same day from 260$ to 150$
Seems like some are making it a lot more dramatic than it really needs to be...

It's a brand new coin with a lot of hype (granted, well deserved hype). Crypto trading already consists of a shit load of volatility, even more so for something new like this.

I really don't see the point in worrying about hourly spikes and drops... that's bound to happen. It went down to .002 a few days again didn't take long at all to get back up there. I'm sure it will dip under .01 again at some point, and it will be no reason to freak out... it's going to be awhile before XPM is the least bit stabilized.

Edit: also, .017 to .0126 is not a 40% crash.... try 25.88%. Bitcoin was a 42.30% crash at the price marks you provided.


u are right, 0.017 to 0.011 it is only 28% crash
i think real bottom is set at ~ 0.01

u need only about 6 btc to pump price to 0.0145 on cryptsy, it is shallow market

this coin has some hope for future but price 1$/coin is really high.
when some whales will sell to payoff their hosting bills coin value will go towards dvc Smiley

i am holding anyway, till christmass :>


That's probably a good strategy. Smiley I've been selling half of my coins at high points and buying back in at lower prices, so the price fluctuations have been working to my advantage. I don't know where it will be 6 months from now, but I could easily see $10/coin. I hope I'm wrong and it's way more, but there's always a chance it could be less too.

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THE JOB DONE

 

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in
 

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July 20, 2013, 01:02:46 AM
 #29

That was a miss type I meant =1  Smiley
Be careful, as I know much more than the forum average about prime numbers (have a graduate degree of math from Berkeley, with Number Theory specialization)
OK tell me which problems does it solve? (51% attack-faster transaction-fair distribution..) Just tell me and I ll accept.
Just that is new and uses a new encryption doesn't mean that would be effective. For example one can write a new coin wit the use of elliptic cryptography or perhaps the use of Diffle-Hellman and...wow, that is now.. attack my dear miners and speculators..push the pyramid.
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July 20, 2013, 01:11:20 AM
 #30

LTC managed to make its way in altcoins for 2 main reason: scrypt+fast block(2.5m). XPM has the same property aside from its scientific value: prime+faster block(30s or less). BTW, peer support is the key for any altcoins.

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July 20, 2013, 01:21:27 AM
 #31

As a miner or speculator you are enjoying the NEW Logo effect blown by mass delusion, that's OK, I ll understand you!
But do not come here and say, people do not know... that's ridicule. Anyone may try to enjoy the pyramid game to wealth as did I, why not.
But miss-interpreting technicalities and scientific facts for a small piece of fucking profit is ugly.
New encryption method by using prime numbers was good (excluding the funny claim that it has scientific benefit perhaps for Number Theory, haha)
What the crypto-finance community is really looking for are solutions for those problems I mentioned in my previous post (%51 attack-faster transaction without a high security tradeoff, and of course a fair distribution and market adoption)
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July 20, 2013, 01:28:23 AM
 #32

LTC managed to make its way in altcoins for 2 main reason: scrypt+fast block(2.5m). XPM has the same property aside from its scientific value: prime+faster block(30s or less). BTW, peer support is the key for any altcoins.
One last question: what scientific value and benefit? (for the related area as it is called Number Theory)
Suppose I am a Number Theorists need a big profile-list of prime numbers to investigate about the related distribution of zeros of zeta function on the critical strip (s=1/2+ix) How the result of your mining help that? How it improves the 51% attack problem? (I read the white paper and it says it is a bit weaker than BTC in this regard)
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July 20, 2013, 01:41:34 AM
 #33

Primecoin is new, is that all?! What innovation??! Which of Bitcoin addressed flaws it improves or solves??!
Of course to show non-specialists that one can code a coin protocol by using prime numbers instead of hashing algorithms is nice, everybody accepts that. But what then?!... "it has benefits outside the coin economy, for finding primes".. are you kidding? then where the resulted prime list is stored now for the use of number theorists?! (putting aside the fact that there are a lot of more clever and faster ways-sieves of finding primes inside math community already, if you need some I can refer you to)
Besides using a new (interesting I confess) way of encryption, the only benefit I see from this new (come and leave) altcoin is for dearest miners and darling speculators to benefit the pyramid.. yes the price will rock for a while, because it is new and looks attractive (very american, isn't it?!) so if you did buy a lot when the prize was 10 cents or mined when the diffculty was <1, you win some money..and then it will go to the list of alt-coin stories.
 
  
I agree with this 100%.

I've been waiting for someone to prove the protocol useful - all I've heard was "B-B-BUT MATHS LYK PRIMEZ!!!!?".

Someone should prove its uses then.

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July 20, 2013, 01:53:06 AM
 #34

Primecoin is new, is that all?! What innovation??! Which of Bitcoin addressed flaws it improves or solves??!

The part where all of the immense amounts of hashing power results in nothing more than a verification of the latest block.

then where the resulted prime list is stored now for the use of number theorists?!

In the blockchain. You can query it with the getblock command. There's already a few 3rd party programs that analyze the chain.

(putting aside the fact that there are a lot of more clever and faster ways-sieves of finding primes inside math community already, if you need some I can refer you to)

Have you read anything in this thread? It's not about finding primes, it's about prime chains. But if one does know a faster method, then it would be profitable to write a miner that uses it. I don't see how that's a criticism of primecoin at all. The method of finding blocks to mine isn't set in stone.

Besides using a new (interesting I confess) way of encryption, the only benefit I see from this new (come and leave) altcoin is for dearest miners and darling speculators to benefit the pyramid.. yes the price will rock for a while, because it is new and looks attractive (very american, isn't it?!) so if you did buy a lot when the prize was 10 cents or mined when the diffculty was <1, you win some money..and then it will go to the list of alt-coin stories.

The same thing happened with Bitcoin.
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July 20, 2013, 02:13:54 AM
 #35

AgentMe: Its an encrypted functioned primechain, and not an explicit ready to use prime numbers list. It takes a lot of computation to change it back to the explicit form. Okay to prove me wrong, show me how many primes in the form 17K+3 was found in the already processed-mined list of primechains?  Wink
And you say the same thing happened with Bitcoin", then why the fuck this new coin is "needed???
(you may again say for scientific benefit, hahaha, there are pure academic computational projects for investigating the primes, you can help them by donating the bitcoins you use for speculating and playing the pyramid with the everyday coming (nothing new) alt-coins Wink
It will help not only the science but also the poor life of genius mathematicians, who do these things much better than you!
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July 20, 2013, 02:19:08 AM
 #36

That was a miss type I meant =1  Smiley
Be careful, as I know much more than the forum average about prime numbers (have a graduate degree of math from Berkeley, with Number Theory specialization)
OK tell me which problems does it solve? (51% attack-faster transaction-fair distribution..) Just tell me and I ll accept.
Just that is new and uses a new encryption doesn't mean that would be effective. For example one can write a new coin wit the use of elliptic cryptography or perhaps the use of Diffle-Hellman and...wow, that is now.. attack my dear miners and speculators..push the pyramid.


Look this topic is discussing PRIMECOIN PRICE, so look into PRIMECOIN before you offer more of your obscure knowledge.
Enjoy your mining for pyramid game and don't troll your shitty piece of non-sense here.
All I say is related to the price, since the innovation is useless and won't result in any effectiveness, the high price won't last forever, that is what I am trying to say. We know you forum trolls (for personal benefits only) very well;)
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July 20, 2013, 03:17:50 AM
 #37

and not an explicit ready to use prime numbers list. It takes a lot of computation to change it back to the explicit form. Okay to prove me wrong, show me how many primes in the form 17K+3 was found in the already processed-mined list of primechains?  Wink

You just pass a block hash to the getblock command, and it tells you the origin of the prime chain. You add and/or subtract 1 to get the first prime(s) in the chain depending on its type. In the first 10,000 prime chains, 11 primes matched that pattern if I did my quick script correctly.

And you say the same thing happened with Bitcoin", then why the fuck this new coin is "needed???

Because Bitcoin would never implement this, especially because of the huge investments in SHA256 hashing machines.

(you may again say for scientific benefit, hahaha, there are pure academic computational projects for investigating the primes, you can help them by donating the bitcoins you use for speculating and playing the pyramid with the everyday coming (nothing new) alt-coins Wink

The idea is that you can kill two birds with one stone. Have the math work be the same work that does the block confirmations.
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July 20, 2013, 04:10:21 AM
 #38

What was the magnitude and range of the primes being enlisted? (not the chain but the consecutive primes)
The primes should have been too big, because Dirichlet theorem estimates a much bigger number than 11...
And I suspect that the primes being found for the coin shouldn't be too big or too small for the blockchain efficiency sake, am I correct? (and if so, how it will help prime studies in continuation?!)
And if it won't stop finding primes and will continue forever, applying Moore's law, finding new blocks and coins, to compensate mining expenses, minimize transaction fees and inflation, then tell me, who is ready enough to invest on some stock with infinite shares?!  Huh
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July 20, 2013, 07:43:52 AM
 #39

What was the magnitude and range of the primes being enlisted? (not the chain but the consecutive primes)
The primes should have been too big, because Dirichlet theorem estimates a much bigger number than 11...
And I suspect that the primes being found for the coin shouldn't be too big or too small for the blockchain efficiency sake, am I correct? (and if so, how it will help prime studies in continuation?!)
And if it won't stop finding primes and will continue forever, applying Moore's law, finding new blocks and coins, to compensate mining expenses, minimize transaction fees and inflation, then tell me, who is ready enough to invest on some stock with infinite shares?!  Huh

The algorithm doesn't search for new primes, it is finding prime chains. Numbers are in the order of ~200-300 digits currently, if my understanding is correct. They've already discovered quite a few new records for both chain length and integer length. There is a dynamic block reward that corresponds to difficulty, so the notion is that it will reach a balance between inflation and network strength without blowing out the stability. Whether that actually works remains to be seen. Either way, I think it is a novel take on cryptocurrency and I am willing to keep an eye on it. These blocks I stacked don't hurt my interest levels, either.

Read the whitepaper, since you seem like you understand some math. It might help your B-list trolling.
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July 20, 2013, 08:01:54 AM
 #40

When FTC first took off, it came under attack from both BTC and LTC holders (for obvious reasons). In the case of XPMs, it seems only BTC supporters are bashing it; while the LTC guys are quiet.

The Primecoin success has been very interesting and welcome. Lets see in future if it is possible to use PoW hashing to do folding and those types of research; or if even it will be possible to change the problem at intervals.

EDIT: I don't mean all holders, of course. Only a few, maybe a small minority.
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