zaigon
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February 02, 2014, 08:59:03 PM |
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now you talking that is how i see it... its very easy to understand i dont know why some people dont understand that
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Alohaboy?!
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February 02, 2014, 09:16:42 PM |
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max keiser rang me, whispered "3 days" and then hung up. should i be worried. ^^
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BigAlby
Newbie
Offline
Activity: 7
Merit: 0
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February 02, 2014, 10:45:08 PM |
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max keiser rang me, whispered "3 days" and then hung up. should i be worried. No you should be ready
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sidhujag
Legendary
Offline
Activity: 2044
Merit: 1005
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February 02, 2014, 11:25:30 PM |
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of course it is. the last one that gets the coin before it starts dropping and dies it the loser its like a hot potato. read some economic theory
Im talking about crypto market as a whole. I will simplify it for you.. Think of the game hot potatoes Let me explain to you how this works because you dont seem to understand. Ill explain it like to a 5 year old. John buys 1btc for 1$. New "investors" come in and drive the capitalization and price rises to 5$. John sells his btc and makes 5x profit. Those who buy at 5$ dont lose. What you described is a ponzi scheme. And if you think that is what Btc and some cryptos are, then what are you even doing here? Hey genius every market is always zero sum: John buys a btc for $1 sells to scott for $2 Scott sells for $3 to Colin Colin sells $4 to turturo Turturo sells for $0 1+1+1+1-4=0 On a transactional basis its not 0 sum but as a market it always is.. dont forget that.
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turtoro
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February 02, 2014, 11:34:45 PM |
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of course it is. the last one that gets the coin before it starts dropping and dies it the loser its like a hot potato. read some economic theory
Im talking about crypto market as a whole. I will simplify it for you.. Think of the game hot potatoes Let me explain to you how this works because you dont seem to understand. Ill explain it like to a 5 year old. John buys 1btc for 1$. New "investors" come in and drive the capitalization and price rises to 5$. John sells his btc and makes 5x profit. Those who buy at 5$ dont lose. What you described is a ponzi scheme. And if you think that is what Btc and some cryptos are, then what are you even doing here? Hey genius every market is always zero sum: John buys a btc for $1 sells to scott for $2 Scott sells for $3 to Colin Colin sells $4 to turturo Turturo sells for $0 1+1+1+1-4=0 On a transactional basis its not 0 sum but as a market it always is.. dont forget that. The original post that sparked my reply was "for someone to make 20k$, someone needs to lose 20k$". Hence i was correct in my argument
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sidhujag
Legendary
Offline
Activity: 2044
Merit: 1005
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February 02, 2014, 11:46:37 PM |
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of course it is. the last one that gets the coin before it starts dropping and dies it the loser its like a hot potato. read some economic theory
Im talking about crypto market as a whole. I will simplify it for you.. Think of the game hot potatoes Let me explain to you how this works because you dont seem to understand. Ill explain it like to a 5 year old. John buys 1btc for 1$. New "investors" come in and drive the capitalization and price rises to 5$. John sells his btc and makes 5x profit. Those who buy at 5$ dont lose. What you described is a ponzi scheme. And if you think that is what Btc and some cryptos are, then what are you even doing here? Hey genius every market is always zero sum: John buys a btc for $1 sells to scott for $2 Scott sells for $3 to Colin Colin sells $4 to turturo Turturo sells for $0 1+1+1+1-4=0 On a transactional basis its not 0 sum but as a market it always is.. dont forget that. The original post that sparked my reply was "for someone to make 20k$, someone needs to lose 20k$". Hence i was correct in my argument No I know what you meant and your not right because you meant the market at a whole while the only instance you would be correct is if you meant on a transactional basis which doesnt sound like crypto market as a whole to me.. does it to you?
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elixir
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February 03, 2014, 12:35:22 AM |
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So this coin is CPU only and only if I am not mistaken? Someone reassure me plz? It Seems interesting well from what i heard, cgminers will not work on this coin at launch, when the wallet is released only then can someone reconfigure the miner to work with the wallet. so its cpu at the start.
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OPEC oc2E9cQ4StgaMW2a18pKuZGe5h9RZdLL9c ✪ Non nobis solum, sed omnibus! - Franko ✪ Ɖ ~ DSNJ49NdZM4KjLHfPSYEGWKRn7wSC4bWqi
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elixir
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February 03, 2014, 12:43:45 AM |
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OPEC oc2E9cQ4StgaMW2a18pKuZGe5h9RZdLL9c ✪ Non nobis solum, sed omnibus! - Franko ✪ Ɖ ~ DSNJ49NdZM4KjLHfPSYEGWKRn7wSC4bWqi
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kennyss
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February 03, 2014, 08:10:09 AM |
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PGPpfKkx
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February 03, 2014, 09:21:42 AM |
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of course it is. the last one that gets the coin before it starts dropping and dies it the loser its like a hot potato. read some economic theory
Im talking about crypto market as a whole. I will simplify it for you.. Think of the game hot potatoes Let me explain to you how this works because you dont seem to understand. Ill explain it like to a 5 year old. John buys 1btc for 1$. New "investors" come in and drive the capitalization and price rises to 5$. John sells his btc and makes 5x profit. Those who buy at 5$ dont lose. What you described is a ponzi scheme. And if you think that is what Btc and some cryptos are, then what are you even doing here? you seem to be confused. there is not other type of economy that zero sum or negative sum (when economies fail). can't explain it further.
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PGPpfKkx
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February 03, 2014, 09:22:16 AM |
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on Wednesday it will launch or there will be available clients for mining in a future date any answer on this ?
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MijntjeGoud
Member
Offline
Activity: 112
Merit: 10
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February 03, 2014, 09:34:04 AM |
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It's the same algorithm but the max coins etc. are changed. So no 1 on 1 copy.
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lemfuture
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February 03, 2014, 09:50:56 AM |
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will mine this, even though its direct competition to my coin
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1ADLcfwTofFXb95pKhebpeRkJ4WTWsvQXB
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peterpano123
Newbie
Offline
Activity: 2
Merit: 0
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February 03, 2014, 11:10:27 AM |
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Since the end of the gold standard that currencies are just a protocol between two or more agents. Its value depends on its acceptance, and trade vs other currencies. If you and many other accept something as a currency than it has already a value, as long there is acceptance. When citizens see their national currencies drop in value against the dollar or euros or anything else maybe they all should shout "ponzi". Maybe all currencies are ponzi schemes... or maybe countries could pay their debts... you choose.
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bizzyb
Legendary
Offline
Activity: 1652
Merit: 1001
Don't look at my signature!
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February 03, 2014, 11:25:25 AM |
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Looking forward to mining this on my HOME PC!! Although there are gonna be big players with the resources to mine on a large scale with CPU farms, this is at least being released in as equitable way as is possible (i.e no pre-mine, CPU only).... and I'm looking forward to it....In fact, gonna get me some Windows Azure free trials in preparation...
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The Grinder
Member
Offline
Activity: 72
Merit: 10
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February 03, 2014, 11:40:31 AM |
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lol @ those "economy is a zero-sum game" spammers
How do you explain any wealth increase since the stone age if every trade is a zero-sum game?! This is mind-numbing stupid.
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dozerz
Legendary
Offline
Activity: 2242
Merit: 1057
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February 03, 2014, 01:17:23 PM |
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any good deals on vps?
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space for rent, shilling for sats
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PGPpfKkx
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February 03, 2014, 01:28:57 PM |
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lol @ those "economy is a zero-sum game" spammers
How do you explain any wealth increase since the stone age if every trade is a zero-sum game?! This is mind-numbing stupid.
it might be very philosophical for your brain but the earth loses and we depend on resources so if i eat 2 loafs you eat 0 loafs (africa). now go on cryptsy and play click click ah also i forgot, everyone at any exchange is a winner, you cannot lose in this game, we can all win wtf did u finish school or what
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gaston909
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February 03, 2014, 02:22:55 PM |
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No way I can compete with the miners on this launch - will stick to the exchange!
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bizzyb
Legendary
Offline
Activity: 1652
Merit: 1001
Don't look at my signature!
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February 03, 2014, 02:35:06 PM |
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No way I can compete with the miners on this launch - will stick to the exchange!
Why not? Get yourself a Windows Azure free month trial (or two) and join in
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