rpietila Altcoin Observer

[Keyboard-Mash]

pretty dissapointing performance of the cryptonote-coins lately...

i would have expected them to do a lot better in the shadow of drk and the drk problems lately.

but no all of them are down monero, quazar, bytecoin, etc.....

Just my thought, late to add it here I guess.

What I see happening now is that the markets (and us) are paying for those who have overextended themselves. End of the month bills are now due and that includes rent, power and especially amazon. Altcoin markets are filled with this (overextending causing oversupply) and I've seen this repeat at usually the last week of the month for a lot of 'overmined' alts. Not to say that this doesn't deserve the attention, but surely historic volumes tend to cause some people to go a little more nuts than they would not have otherwise.  I just hope that people reading this, that are in that situation, can learn from this overshoot and maybe reach a little less far in the future. Just my thought is all.

[Zer0Sum]

pretty dissapointing performance of the cryptonote-coins lately...

i would have expected them to do a lot better in the shadow of drk and the drk problems lately.

but no all of them are down monero, quazar, bytecoin, etc.....

What's notable is that QCN has completley lost it's premium relative to MRO...
Which means that MRO pulled ahead of the CryptoNote pack today.

Everyone should be averaging into these coins at this very early stage.

Personally, as a 20 year trader on the NYSE...
I do about 100 trades/day in MRO for fun...
And my scalping is constantly lowering my cost basis.

This only works if one is confident...
That the security one is scalping has a *** nearby floor ***...
And I'm confident MRO has a floor due to the quality of the Dev team.

[r0ach]

Here's a post talking about the differences between Darkcoin and XC:  https://bitcointalk.org/index.php?topic=600706.msg6979796#msg6979796

Claims of being vastly superior to Darkcoin implementation.  The distributed super node mixers will require people to own 1000 coins (I believe this is the number), then those nodes will collect some fees for their service on top of the 3.3% stake per year you get.  The super node function is supposed to run straight off the wallet.  Currently costs about 1.7 BTC to get 1000 of them.

[cAPSLOCK]

Here's a post talking about the differences between Darkcoin and XC:  https://bitcointalk.org/index.php?topic=600706.msg6979796#msg6979796

Claims of being vastly superior to Darkcoin implementation.  The distributed super node mixers will require people to own 1000 coins (I believe this is the number), then those nodes will collect some fees for their service on top of the 3.3% stake per year you get.  The super node function is supposed to run straight off the wallet.  Currently costs about 1.7 BTC to get 1000 of them.

Supernodes or Masternodes are a central banker structure.  That model is a lame duck.  It is either a bad implementation or a way to sell 1000 coin lots of your premine.

The world is moving away from centralization.  Build on that foundation at your peril.

[AlexGR]

pretty dissapointing performance of the cryptonote-coins lately...

i would have expected them to do a lot better in the shadow of drk and the drk problems lately.

but no all of them are down monero, quazar, bytecoin, etc.....

I don't know if it's a stretch to say that investors seem to trust the bitcoin-blockchain tech rather than the bcn-blockchain tech. Perhaps the fact that anyone can install a client or that exchanges are quickly adding bitcoin-based coins (compared to bcn) is also playing a role.

XC is walking in the same steps of DRK. Admittedly it's many months behind, somewhere around Feb-March levels both in terms of price per coin (although it has more coins) and technology. Although parts of DarkSend were rewritten to become better back in April.

Here's a post talking about the differences between Darkcoin and XC:  https://bitcointalk.org/index.php?topic=600706.msg6979796#msg6979796

Claims of being vastly superior to Darkcoin implementation.  

The fact that it is based, more or less, on the same principle of DRK is interesting because the dev there seems to know his stuff. It's, in a way, a vote of confidence for DRK's model. The branding changes from masternodes to supernodes... they also see the potential for hosting services over the nodes. Apparently they cannot pay with mining output (as there is no mining after POW phase) so they'll use fees instead. They also add encryption (which is already planned for DRK as I remember Evan saying it back in March or April). So more or less the same. So we'll get more or less a similar system with different code.

Supernodes or Masternodes are a central banker structure.  That model is a lame duck.  It is either a bad implementation or a way to sell 1000 coin lots of your premine.

The world is moving away from centralization.  Build on that foundation at your peril.

Are bitcoin nodes centralization? Are seeds in a p2p network centralization?

[r0ach]

Supernodes or Masternodes are a central banker structure.

In a way it is, and in a way it isn't.

America is notorious for emphasizing phrases like "upward mobility".  There is no upward mobility that allows you to become a central banker in today's world, it's a stagnant cartel abusing their monopoly over the world with a reserve currency.  Since there will most likely be several different cryptocoins to survive, there will be no abusive monopoly system in place, and much easier upward mobility to become one of those super node bankers.

Bitcoin itself is actually trying to replicate that model currently by attempting to find ways to reward the nodes.

[Queeq]

What all of you think about the model that NoirShares use? This is not the classical coin but rather a share of a company that is focused on cryptocurrency related projects. Would be interesting to listen to people having experience in buying company shares before.

[elviselvis101]

Here's a post talking about the differences between Darkcoin and XC:  https://bitcointalk.org/index.php?topic=600706.msg6979796#msg6979796

Claims of being vastly superior to Darkcoin implementation.  The distributed super node mixers will require people to own 1000 coins (I believe this is the number), then those nodes will collect some fees for their service on top of the 3.3% stake per year you get.  The super node function is supposed to run straight off the wallet.  Currently costs about 1.7 BTC to get 1000 of them.

Supernodes or Masternodes are a central banker structure.  That model is a lame duck.  It is either a bad implementation or a way to sell 1000 coin lots of your premine.

The world is moving away from centralization.  Build on that foundation at your peril.

But between 300 and 3000 Master-nodes that change as people buy in/out, is not centralization, is it ?
Guess something in-between but defiantly more in direction decentralization.

[ShroomsKit_Disgrace]

I really want to know what Risto means by "NXT is more like startup than a currency".

BTW, I will monitore this thread! 

[Its About Sharing]

I really want to know what Risto means by "NXT is more like startup than a currency".

BTW, I will monitore this thread! 

Many, including me, feel the same way. NXT is a 2.0 tech so to speak. It is a bit of a framework for decentralized autonomous companies, contracts, etc. So, owning NXT is like a share in any of those companies, contracts or other uses that build on NXT. That is a start of why anyway.

IAS

[elviselvis101]

pretty dissapointing performance of the cryptonote-coins lately...

i would have expected them to do a lot better in the shadow of drk and the drk problems lately.

but no all of them are down monero, quazar, bytecoin, etc.....

What's notable is that QCN has completley lost it's premium relative to MRO...
Which means that MRO pulled ahead of the CryptoNote pack today.

Everyone should be averaging into these coins at this very early stage.

Personally, as a 20 year trader on the NYSE...
I do about 100 trades/day in MRO for fun...
And my scalping is constantly lowering my cost basis.

This only works if one is confident...
That the security one is scalping has a *** nearby floor ***...
And I'm confident MRO has a floor due to the quality of the Dev team.

Thanks for sharing, where do you think the floor under darkcoin is right now ?
(is that the right term "floor under" or is it "the floor at" or ?)

[r0ach]

Thanks for sharing, where do you think the floor under darkcoin is right now ?
(is that the right term "floor under" or is it "the floor at" or ?)

It's pretty obvious from looking at Mintpal that people are bailing out of DRK and buying into XC at the moment due to better upside potential.  If the coin pulls off everything as promised (which it probably will seeing as who the developer is), then it will definitely beat the Darkcoin peak price.

It looks like Wolong is going in on it too:

"Wolong: Nobody is buying any coin except XC... Please can everyone not talk about other *bleep* coins XC bag holders just feel sorry for you"

XC didn't really hit big volume till yesterday when the price went from .0015 to .003.  Wolong typically goes in with such high volume that he requires weeks or more to move in and out of coins.  He's going to have a lot of money invested in at .002 or higher and won't want the price to go below that.

[dewdeded]

I care 0 % about Wolong. Fuck him. I care about good innovative tech in coins or good coin/community management.

[Zer0Sum]

pretty dissapointing performance of the cryptonote-coins lately...

i would have expected them to do a lot better in the shadow of drk and the drk problems lately.

but no all of them are down monero, quazar, bytecoin, etc.....

What's notable is that QCN has completley lost it's premium relative to MRO...
Which means that MRO pulled ahead of the CryptoNote pack today.

Everyone should be averaging into these coins at this very early stage.

Personally, as a 20 year trader on the NYSE...
I do about 100 trades/day in MRO for fun...
And my scalping is constantly lowering my cost basis.

This only works if one is confident...
That the security one is scalping has a *** nearby floor ***...
And I'm confident MRO has a floor due to the quality of the Dev team.

Thanks for sharing, where do you think the floor under darkcoin is right now ?
(is that the right term "floor under" or is it "the floor at" or ?)

I would just focus on the CryptoNotes...
(But DRK can tell you where a Big Pump or Good News can take MRO...
(Near 0.02 which is a 500% increase for MRO from 0.004).

MRO is trouncing it's peers:

MRO... 0.00435 (TacoTime & Company = A+)
QCN... 0.00315 (one part-time dev)
FCN... 0.00130 (synching issues, etc)

It's all about the Dev Teams right now...
And you can see that future clones will come in at around 0.0015 and up.

[r0ach]

It's all about the Dev Teams right now...

Which is why I bought XC, see below:

Half the reason the price is rocketing is not only because of the current anon feature in the wallet, but because of what the dev has said to do with decentralized xnode system + blockchain 2.0 in combination with his amazing credentials.  atcsecure was CEO of tech security firm and is a legendary coder known back from the 1990's <--- this is being valued into the price right now.  atcsecure is currently the most (known) qualified developer in the entire altcoin world.

[devphp]

MRO is trouncing it's peers:

MRO... 0.00435 (TacoTime & Company = A+)
QCN... 0.00315 (one part-time dev)
FCN... 0.00130 (synching issues, etc)

It's all about the Dev Teams right now...
And you can see that future clones will come in at around 0.0015 and up.

I don't see that much trouncing lol.

QCN - one part time dev, devs can be hired, you know.
FCN - no syncing issues here.
MRO - TacoTime&Company - that's how many devs exactly, what are their backgrounds? I am genuinely interested, tell us more if you know something.

the price is not relevant at this point, it's just the start of the game, and one big whale with vested interest can move the market a lot while it's in 0.000x-0.00x range, which is not so easy for a whale in the 0.00x-0.0x range.

[rangedriver]

I care 0 % about Wolong. Fuck him. I care about good innovative tech in coins or good coin/community management.

Agreed. The guy is an absolute cnut who really doesn't give a fuck about anyone. I almost lost 4 BTC because of his self-serving inbred recklessness when he decided to crash Pandacoin. As far as I'm concerned any coin he is supporting is inevitably jinxed by association.

[elviselvis101]

I care 0 % about Wolong. Fuck him. I care about good innovative tech in coins or good coin/community management.

Agreed. The guy is an absolute cnut who really doesn't give a fuck about anyone. I almost lost 4 BTC because of his self-serving inbred recklessness when he decided to crash Pandacoin. As far as I'm concerned any coin he is supporting is inevitably jinxed by association.

Right, that name was not good hear in connection with that coin

[digitalindustry]

Supernodes or Masternodes are a central banker structure.

In a way it is, and in a way it isn't.

America is notorious for emphasizing phrases like "upward mobility".  There is no upward mobility that allows you to become a central banker in today's world, it's a stagnant cartel abusing their monopoly over the world with a reserve currency.  Since there will most likely be several different cryptocoins to survive, there will be no abusive monopoly system in place, and much easier upward mobility to become one of those super node bankers.

Bitcoin itself is actually trying to replicate that model currently by attempting to find ways to reward the nodes.

so still a turd but a fairer turd?

in which - the man on the street has a conceivable if not out of the realms of possibility chance of being one of the super turds?

i honestly think its obviously a 1000% improvement on what we have.

but will it win ?

[r0ach]

I care 0 % about Wolong. Fuck him. I care about good innovative tech in coins or good coin/community management.

Agreed. The guy is an absolute cnut who really doesn't give a fuck about anyone. I almost lost 4 BTC because of his self-serving inbred recklessness when he decided to crash Pandacoin. As far as I'm concerned any coin he is supporting is inevitably jinxed by association.

Right, that name was not good hear in connection with that coin

Why not?  Wolong isn't the XC coin dev or something, he's just some guy that just started to buy XC yesterday to hedge in case it beats Darkcoin.  He was a big DRK bagholder so had to have a backup plan in case XC beats it.  Are you not a good enough trader to work around the Wolong factor?  People post noob tips all the time for trading like "work with the bots on the exchange, not against them".  Wolong is for all intents and purposes the same thing as a cryptsy bot.  If you know what the bots are going to do, make use of that info.