[ANN][SBC] From Death Comes Life – The Rebirth of StableCoin - URGENT UPDATE

[letta]

Definitely interested in this altcoin. Some neat ideas here that may pay off in the long run.

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[Hazard]

Crap, Cudaminer is for litecoin only. What do people use to mine StableCoin on an Nvidia GPU?

False... Cudaminer is for scrypt based coins, which StableCoin is.

The performance is really crappy anyway, might not even be worth the electricity (unless of course, you're factoring in future price increases)

Is there anything better for Nvidia cards?

No. Their architecture just makes them inherently bad for mining.

[Lauda]

To be honest with you i think we have seen a slowdown in the rise of alt-coins for the moment. Although in 2 days (Predicted rise in Bitcoin) with new people buying in Altcoins might get a bit of a pump.

Bitcoin went down to under $800, not sure why but everyone sold quite a bit of every coin.

[Hazard]

Market manipulation and weak hands being shaken out. I made an excellent blog post about it on that day.

[Lauda]

Quite a number of people dumped on $0.1, such a mistake. 

[zavtra]

How can we buy Stablecoin if cryptsy is virtually non-functioning right now? Any other ways to do so, or am I stuck?

[Hazard]

 Its back up... For the moment at least

[Lauda]

How can we buy Stablecoin if cryptsy is virtually non-functioning right now? Any other ways to do so, or am I stuck?

Give it a few days I guess.

[zavtra]

I have to say, I am very excited about this. I was in such a rush to buy Stablecoin, that this morning, instead of bringing my Scottrade brokerage check to the bank, I borrowed hard cash from a friend so that the online funds would be available to me to transfer into coinbase and into bitcoin and then into Stablecoin right away.

Needless to say, I was very surprised to see coinbase still had a 4 day wait period to purchase bitcoin, so I placed an order on localbitcoins, which I never used before, went to another bank branch (I didn't want to look awkward depositing and then withdrawing 1,000 dollars within an hour), went to the Bitcoin seller bank, and as soon as I deposited it I confirmed, and I had my bitcoin in my account by the time I came home.

Then I sent it to Cryptsy, and after 10 confirmations I still didn't have the bitcoin. Then Cryptsy started crashing and I started getting worried, and then it went offline for about 20 minutes, but came back with very fast servers.Finally, after 3 and a half hours since the initial transfer to Cryptsy, I had the bitcoin, and then sold into Stablecoin. About 90% of my order has gone through, although I no longer expect to obtain the remaining 10% at such a low price as the Cryptsy crash helped to drive prices down. Needless to say, the value increase in the past hour has netted me over $80, and I'm very happy :-D

It is my belief that the most highly valued currencies are only like such currently because of speculative name recognition, and that Stablecoin has everything necessary to be adopted for long-term use by the cryptocurrency community.

Best of luck, guys!

[Robert Lewandowski]

I have to say, I am very excited about this. I was in such a rush to buy Stablecoin, that this morning, instead of bringing my Scottrade brokerage check to the bank, I borrowed hard cash from a friend so that the online funds would be available to me to transfer into coinbase and into bitcoin and then into Stablecoin right away.

Needless to say, I was very surprised to see coinbase still had a 4 day wait period to purchase bitcoin, so I placed an order on localbitcoins, which I never used before, went to another bank branch (I didn't want to look awkward depositing and then withdrawing 1,000 dollars within an hour), went to the Bitcoin seller bank, and as soon as I deposited it I confirmed, and I had my bitcoin in my account by the time I came home.

Then I sent it to Cryptsy, and after 10 confirmations I still didn't have the bitcoin. Then Cryptsy started crashing and I started getting worried, and then it went offline for about 20 minutes, but came back with very fast servers.Finally, after 3 and a half hours since the initial transfer to Cryptsy, I had the bitcoin, and then sold into Stablecoin. About 90% of my order has gone through, although I no longer expect to obtain the remaining 10% at such a low price as the Cryptsy crash helped to drive prices down. Needless to say, the value increase in the past hour has netted me over $80, and I'm very happy :-D

It is my belief that the most highly valued currencies are only like such currently because of speculative name recognition, and that Stablecoin has everything necessary to be adopted for long-term use by the cryptocurrency community.

Best of luck, guys!

Remember to be patient mate, looks like stablecoin is slowly shaking out the weak hands day by day.

[GigaCoin]

I stashed some BTC in stable coin, i did my research and this coin has strong fundamentals.

Now all we need is the marketing plan to be carried out and we are in for a ride, especially if a chinese adoption happens

Wish us ALL the best and the best for stable coin !

[Lauda]

If the Chinese exchange accepts SBC, we will see a huge rise.

[NuclearReactor]

Is stablecoin going to add an option to mine from GPU? I can't get it to work with CGminer.

I think they may have axed scrypt mining in the new version of cgminer, so you may want to try an older one. I'm using 3.6.6 with no problem.

Now why would they do that?

No idea, actually. Maybe I should find out.

I have to say, I am very excited about this. I was in such a rush to buy Stablecoin, that this morning, instead of bringing my Scottrade brokerage check to the bank, I borrowed hard cash from a friend so that the online funds would be available to me to transfer into coinbase and into bitcoin and then into Stablecoin right away.

Needless to say, I was very surprised to see coinbase still had a 4 day wait period to purchase bitcoin, so I placed an order on localbitcoins, which I never used before, went to another bank branch (I didn't want to look awkward depositing and then withdrawing 1,000 dollars within an hour), went to the Bitcoin seller bank, and as soon as I deposited it I confirmed, and I had my bitcoin in my account by the time I came home.

Then I sent it to Cryptsy, and after 10 confirmations I still didn't have the bitcoin. Then Cryptsy started crashing and I started getting worried, and then it went offline for about 20 minutes, but came back with very fast servers.Finally, after 3 and a half hours since the initial transfer to Cryptsy, I had the bitcoin, and then sold into Stablecoin. About 90% of my order has gone through, although I no longer expect to obtain the remaining 10% at such a low price as the Cryptsy crash helped to drive prices down. Needless to say, the value increase in the past hour has netted me over $80, and I'm very happy :-D

It is my belief that the most highly valued currencies are only like such currently because of speculative name recognition, and that Stablecoin has everything necessary to be adopted for long-term use by the cryptocurrency community.

Best of luck, guys!

Cryptsy has been slow for me lately. Takes forever for deposits to go through, but they eventually do go through. Makes it a PITA sometimes.

Anyway, I like this coin. Hopefully it is all up from here. I'm pizzapower hashing away on http://stablecoin.miners-pool.eu. Hopefully I can add some more hashrate soon enough, haha.

[zavtra]

Does anyone think that we should employ a more aggressive marketing strategy, like NXT is doing?

They've made a giveaway thread where they tell people to post proof that they are spreading NXT to boards and friends, and in exchange they are rewarded to their wallet. Perhaps we should collectively employ a similar response.

Cryptsy has been slow for me lately. Takes forever for deposits to go through, but they eventually do go through. Makes it a PITA sometimes.

Protip: Click on support and submit a ticket. There are people at Cryptsy who are quickly working through each case, and if they see a delayed deposit, they may just move you up the queue. It got my deposit through almost instantly after I submitted it. It was great.

[Hazard]

Check out my latest analysis of the market: http://cryptolife.net/this-week-in-review-all-eyes-on-stablecoin-and-quark/

The future's looking bright

Does anyone think that we should employ a more aggressive marketing strategy, like NXT is doing?

They've made a giveaway thread where they tell people to post proof that they are spreading NXT to boards and friends, and in exchange they are rewarded to their wallet. Perhaps we should collectively employ a similar response.

I could get behind that... How about some upvotes to start with?

http://www.reddit.com/r/CryptoCurrency/comments/1s1dcl/this_week_in_review_all_eyes_on_stablecoin_and/

[ptjames]

Have to agree with Hazard, the future's looking bright indeed.

I've always liked the concept of stablecoin - but I was slightly dubious with regards to how fast it would take off... it's got everything a currency is going to need to be sustainable for the long term but I had my reservations about the initial growth speed. Boy, how I was wrong

I think stablecoin would definitely benefit from some aggressive marketing - but even without this it's starting to gain some real traction, traction that a lot of the other alt coins haven't seen in such a short period of time.

It'd be nice to get some more community sites up - guides to explain why stablecoin's fantastic as a long term solution aswel as how to mine and/or buy SBC. Googling for stablecoin at the moment doesn't return that many great resources - it'd be nice to change that.

Out of all of the coins I've mined and been interested in (and I've been dablling since bitcoin was in its infancy), stablecoin is turning out to be one of, if not the most, interesting. Future contender for for litecoins place in the scrypt world? Too early to say, but I wouldn't underestimate its potential.

[zavtra]

Have to agree with Hazard, the future's looking bright indeed.

I've always liked the concept of stablecoin - but I was slightly dubious with regards to how fast it would take off... it's got everything a currency is going to need to be sustainable for the long term but I had my reservations about the initial growth speed. Boy, how I was wrong

I think stablecoin would definitely benefit from some aggressive marketing - but even without this it's starting to gain some real traction, traction that a lot of the other alt coins haven't seen in such a short period of time.

It'd be nice to get some more community sites up - guides to explain why stablecoin's fantastic as a long term solution aswel as how to mine and/or buy SBC. Googling for stablecoin at the moment doesn't return that many great resources - it'd be nice to change that.

Out of all of the coins I've mined and been interested in (and I've been dablling since bitcoin was in its infancy), stablecoin is turning out to be one of, if not the most, interesting. Future contender for for litecoins place in the scrypt world? Too early to say, but I wouldn't underestimate its potential.

I have to agree as well with helping to get some more resources out there. Maybe we should make a really nice-looking, easy-to-comprehend infographic?

Also Stablecoin almost has a market capitalization of 1.4 million right now :-)

[hypostatization]

I love watching SBC overtake QRK on and off throughout the day. I would not be surprised to see it neck and neck with WDC soon.

[Robert Lewandowski]

I love watching SBC overtake QRK on and off throughout the day. I would not be surprised to see it neck and neck with WDC soon.

Where do you see that? lol

[zavtra]

I love watching SBC overtake QRK on and off throughout the day. I would not be surprised to see it neck and neck with WDC soon.

Same. The Market capitalization is now at 1.575 million. It's incredible. The only thing that upsets me is that I have 600 stablecoins left on an unfulfilled open order, that I'll probably never get at that price. Luckily, I got almost 6 thousand others just as cheap until the price went up. I'm guessing I'll just have to cancel the order and reinvest at the higher price.