Bitcoin Forum
December 16, 2017, 07:46:49 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 [26] 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 ... 91 »
  Print  
Author Topic: [ANN][SBC] From Death Comes Life – The Rebirth of StableCoin - URGENT UPDATE  (Read 179549 times)
tlewisx
Newbie
*
Offline Offline

Activity: 5


View Profile
December 06, 2013, 07:46:44 PM
 #501

miningpool.co has been good for me so far; though I don't like the 2% fee. Still, nary a hiccup over the last week.
1513410409
Hero Member
*
Offline Offline

Posts: 1513410409

View Profile Personal Message (Offline)

Ignore
1513410409
Reply with quote  #2

1513410409
Report to moderator
1513410409
Hero Member
*
Offline Offline

Posts: 1513410409

View Profile Personal Message (Offline)

Ignore
1513410409
Reply with quote  #2

1513410409
Report to moderator
1513410409
Hero Member
*
Offline Offline

Posts: 1513410409

View Profile Personal Message (Offline)

Ignore
1513410409
Reply with quote  #2

1513410409
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
artos
Member
**
Offline Offline

Activity: 84


http://stablecoin.net


View Profile WWW
December 06, 2013, 07:59:11 PM
 #502

The genesis block issue has already been explained in the main post. The technical details of what this change does are also explained. To reiterate, these coins are not spendable. I invite anybody with a deep understanding of bitcoin to assert otherwise.

What everyone seems to be worried about is the rogue developer situation, wherein the developer pushes out code that the community would deem to be malicious in nature. I'm a huge fan of game theory, so let's go through some possible things a rogue developer could do in a situation like this.

1) Push out a client that contains a keylogger / wallet stealer / other malicious code.
2) Push out a client that has a backdoor in the transaction verification system, allowing the creation and spending of an unlimited amount of coins.
3) Push out a client that makes the genesis block spendable again.

Scenario 3 is the most noticeable and least profitable of the three. It is a wholly worse variation of scenario 2. It would make no sense for a malicious actor to engage in scenario 3, when superior options are at his disposal. So, we can rule scenario 3 out of the equation. That leaves scenarios 1 and 2, which can be done on any coin, not just StableCoin. If you are worried about this sort of thing happening, your worry should extend to all coins, not just StableCoin.

This is why all code is open source and available for peer review. If someone attempted to launch such an attack, it would be in plain sight for everyone to see, and would get called out very quickly.

StableCoin Development Fund: shQpTvLDsgCURkfqyBuCjL79aqYwti2FEJ
StableCoin Forums: http://forums.stablecoin.net
haggis
Hero Member
*****
Offline Offline

Activity: 986


View Profile
December 06, 2013, 08:01:32 PM
 #503

Amen.

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM
zavtra
Member
**
Offline Offline

Activity: 112


View Profile WWW
December 06, 2013, 08:26:37 PM
 #504

Does anybody understand why StableCoin has the absolute highest total volume in USD on crypsty compared to all the other currencies? It has about an 80k trading volume today on there, and I think it has had the highest for a while, and I just don't understand why.

Also, StableCoin's value hasn't updated on coinmarketcap for over a day now. I'm a little confused as to why.

Cryptedge - The world's first operational Altcoin-hedgefund
www.cryptedge.com
dmbf
Jr. Member
*
Offline Offline

Activity: 39


View Profile
December 06, 2013, 08:28:35 PM
 #505

Thanks artos, that was a measured and helpful reply, which should help to allay some concerns.

I'd still like to see all clients signed in future though, so that we can verify that we've downloaded the developers code and not some malware that someone other than the developer has managed to replace it with. It's free to use GPG to do this, as well as being more secure than simply using SSL on the download site, which isn't foolproof as explained in the grc.com link I posted earlier.
Kane49
Member
**
Offline Offline

Activity: 84


View Profile
December 06, 2013, 08:43:35 PM
 #506

Does anybody understand why StableCoin has the absolute highest total volume in USD on crypsty compared to all the other currencies? It has about an 80k trading volume today on there, and I think it has had the highest for a while, and I just don't understand why.

Also, StableCoin's value hasn't updated on coinmarketcap for over a day now. I'm a little confused as to why.

I dont understand the cryptsy sbc market anyway.

The volume being traded is super low like most transactions are less than 100 coins, there are essentially no walls between values and thus every trade has wildly different pricing than the last.

Selling or buying a BTC worth of SBC changes the market completely @_@
Hazard
Legendary
*
Offline Offline

Activity: 994


Internet Celebrity


View Profile WWW
December 06, 2013, 08:44:33 PM
 #507

What a 'coincidence' that giant buy walls appear, just as an account that's been inactive for 5 months comes back to spread FUD. Roll Eyes

int3ractivodular
Sr. Member
****
Offline Offline

Activity: 280

TECHNOLOGY, BABY!


View Profile
December 06, 2013, 09:21:24 PM
 #508

miningpool.co has been good for me so far; though I don't like the 2% fee. Still, nary a hiccup over the last week.

Yep, it's been nice and stable. 2% is a bit high, but I'll take a slightly larger fee over constant downtime and invalid/rejected shares any day.
Slimnuts
Jr. Member
*
Offline Offline

Activity: 40


View Profile
December 06, 2013, 09:47:16 PM
 #509

That big .29 buywall way way above the going rate a while ago was certainly strange.
Kane49
Member
**
Offline Offline

Activity: 84


View Profile
December 06, 2013, 09:53:55 PM
 #510

That big .29 buywall way way above the going rate a while ago was certainly strange.

The reason for that is that the sell orders on SBC are super small and in turn volume near the current price is very small.
Like if i wanted to buy 20k SBC i would have to pay 0.00035 which is nearly double the current market price.

Theres only like 20BTC Volume between 0.0001 and 0.0005
Slimnuts
Jr. Member
*
Offline Offline

Activity: 40


View Profile
December 06, 2013, 10:02:54 PM
 #511

That big .29 buywall way way above the going rate a while ago was certainly strange.

The reason for that is that the sell orders on SBC are super small and in turn volume near the current price is very small.
Like if i wanted to buy 20k SBC i would have to pay 0.00035 which is nearly double the current market price.

Theres only like 20BTC Volume between 0.0001 and 0.0005


It seemed to me that people were generating sell orders immediately in response to it though, large ones.  The way the market was acting it seemed that he could have put it in much lower and sell orders would have popped up in response.
dmbf
Jr. Member
*
Offline Offline

Activity: 39


View Profile
December 06, 2013, 10:06:22 PM
 #512

miningpool.co has been good for me so far; though I don't like the 2% fee. Still, nary a hiccup over the last week.

Yep, it's been nice and stable. 2% is a bit high, but I'll take a slightly larger fee over constant downtime and invalid/rejected shares any day.

Strangely I've been seeing a high percentage of rejected shares on miningpool.co but it varies per round (I don't think it shows the total % rejected for all rounds on there, so I can only check the current round from time to time). Certainly on coin-base.org it's always stayed very low for me. I don't know if the rejected shares could be caused in any way by my using --balance or --load-balance though.

2% isn't as bad as PNWMiners 3.5% though or hashco's 2% + 0.1 SBC withdrawal fee. I like to cash out at least once a day, so if I'm making 10 SBC/day on there, that amounts to another 1%, making it 3% in total.
fitsbach
Member
**
Offline Offline

Activity: 112


View Profile WWW
December 06, 2013, 10:10:01 PM
 #513

AltMiners StableCoin Pool
PPS - VarDiff - Stratum Only - 1% Pool Fees

Hi Folks, we just launched our new StableCoin Pool using:

Pay Per Share Reward System
Variable Difficulty
STRATUM Pro
1% Pool Fees



Register Here:
http://sbc.altminers.com

And Point your favorite mining software here:
Code:
--scrypt  -o stratum+tcp://sbc.altminers.com:4443 -u [i]Weblogin.Worker[/i] -p [i]Worker password[/i]
Happy Mining!
Check out our BossCoin Pool as well on http://bss.altminers.com


Your post said 1%, but your page says 3%. Trying to find a good SBC pool here, hard to do.

Check it again, I think you were on the page at the time I make the modifications (This pool is a Clone of my BossCoin pool with 3% Pool Fee, just changed some details to suit StableCoin better)

BTC: 1PtRYbWnLi5ZW9dszZL6BvuZNCQjWDiKrm
MCL: MZA9Wv75SAXBvb9K3NcP8Dm7B3pFUsgYQx
Kane49
Member
**
Offline Offline

Activity: 84


View Profile
December 06, 2013, 10:23:15 PM
 #514

It seemed to me that people were generating sell orders immediately in response to it though, large ones.  The way the market was acting it seemed that he could have put it in much lower and sell orders would have popped up in response.

It wasn't really immediately, it took a while for the order to be filled completely.
I assume most people are like me and bought at 0.0003 but were too greedy to sell at 0.0005 yesterday, the big buy order presented them with an out without too much loss and they took it, wouldn't have worked at 0.00025 i think for example Smiley

Personally i think SBC should be at about 0.0004-0.0005 right now with chances up to 1$ this year so I'm still in.
I don't know if wouldn't simply take the chance for 0.0005 or 0.0006 should it present itself though.
Bulbasaur
Newbie
*
Offline Offline

Activity: 13


View Profile
December 06, 2013, 10:50:03 PM
 #515

I think it all depends on when/whether the mixing service is released.
javabudd
Full Member
***
Offline Offline

Activity: 140


View Profile
December 06, 2013, 11:26:27 PM
 #516

Started a StableCoin pool if anyone is interested, 16 core server, 99.999999% uptime smiley.gif.

http://stable.lowend.fm

 stratum+tcp://lowend.fm:7977 -u WALLETADDRESS -p anything

**note payments use the PPLNS system --> pool-x.eu/aboutpplns
kizilsakal
Member
**
Offline Offline

Activity: 112


View Profile
December 06, 2013, 11:33:19 PM
 #517

so why is the price going down and down guys? i am keeping the coin because it looked promising, but I would have made a good money by selling it 2 days ago  Tongue
Slimnuts
Jr. Member
*
Offline Offline

Activity: 40


View Profile
December 06, 2013, 11:38:15 PM
 #518

so why is the price going down and down guys? i am keeping the coin because it looked promising, but I would have made a good money by selling it 2 days ago  Tongue

Bitcoin got hammered today. I think as bitcoin goes so do the rest at this point.
Hazard
Legendary
*
Offline Offline

Activity: 994


Internet Celebrity


View Profile WWW
December 06, 2013, 11:45:05 PM
 #519

Partly because of bitcoin's drop, partly because of noobs believing FUD.

CrytoEnthusiast
Full Member
***
Offline Offline

Activity: 140


CEO of Varnzen


View Profile WWW
December 06, 2013, 11:58:39 PM
 #520

Partly because of bitcoin's drop, partly because of noobs believing FUD.
I agree with your line of reasoning. Furthermore, SBC seems to be one of the most promising new currencies and I'm very bullish on it Smiley
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 [26] 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 ... 91 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!