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johndec2
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August 03, 2014, 12:07:20 PM |
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Isn't the coin stable already? It works to store value and send transactions. What more should the currency do? I think you are confusing stability of the coin with stability of the price.
When people are willing to sell a coin at a price lower than what it cost to produce the coin, that is neither stable or healthy. Think it through. Take off the ideological hats and think like a capitalist. After all, cryptocurrency is capitalism at its most vicious. If you want to play in this sandpit you have to think like that. Low price = low demand = low interest in spending resources on procuring the coin. Coinsolidation has even been regularly posting the net hashrate so I know he is watching it. No value = no miners = no coin. Yes, I post here as a pragmatist not an idealist but only to balance out the daydreamers. Take the advice or leave it. Either way, I won't post any more here on the subject.
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Este Nuno
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amarha
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August 03, 2014, 12:31:53 PM |
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Isn't the coin stable already? It works to store value and send transactions. What more should the currency do? I think you are confusing stability of the coin with stability of the price.
When people are willing to sell a coin at a price lower than what it cost to produce the coin, that is neither stable or healthy. Think it through. Take off the ideological hats and think like a capitalist. After all, cryptocurrency is capitalism at its most vicious. If you want to play in this sandpit you have to think like that. Low price = low demand = low interest in spending resources on procuring the coin. Coinsolidation has even been regularly posting the net hashrate so I know he is watching it. No value = no miners = no coin. Yes, I post here as a pragmatist not an idealist but only to balance out the daydreamers. Take the advice or leave it. Either way, I won't post any more here on the subject. How many Bitmark's have been sold under the cost of production? Not really that many, a few thousand at most? I haven't gone through the market with a magnifying glass but I can imagine someone with free electricity doing it or perhaps a need for quick BTC. If someone is willing to sell at whatever the current bid is then clearly they're not concerned with what price they're getting. It doesn't really give us any information other than that. You'll notice now that due to that person or perhaps two people, there are now around 1.5 btc in buys sitting there waiting for this person to sell again. If they're willing to do that then it's great for anyone putting their orders up to catch those sells. 95% of the people who want to accumulate BTC are doing it by mining. Being able to pick up the odd 1k BTM from someone who just clicks sell doesn't provide nearly enough supply to change the fact that mining is the cheapest way to acquire BTM. If tens of thousands of BTM started being sold at well below the current production cost then there would be adequate supply to incentivise people to put their money towards buy orders. But until then nothing of note has really happened imo.
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neleonele
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August 03, 2014, 01:27:03 PM |
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miningpool is dawn!
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pabloangello
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August 03, 2014, 01:58:32 PM |
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miningpool is dawn!
Which one?
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pabloangello
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August 03, 2014, 02:06:16 PM |
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82ndabnmedic
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August 03, 2014, 02:21:52 PM |
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Thank You for the update I believe that only one stratum was done - the US stratum was still online You can also use Xhash like Pablo suggested
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CISSP | PMP | CEH
Bitmark: Project Manager & PR Coordinator
BTC: 1FEi8MSP3ccoqLah8EcxfGZVHUViEmQfvQ
BTM: bNidDXnRu5fuD8Th7cPFh7jnPdyAhMh7Nr
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Este Nuno
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amarha
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August 03, 2014, 02:38:45 PM |
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Looks like there's also a new alternative somone just set up: http://btm.altmine.net
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82ndabnmedic
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August 03, 2014, 02:40:32 PM |
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Thanks Este - I shall point some hash in that direction
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CISSP | PMP | CEH
Bitmark: Project Manager & PR Coordinator
BTC: 1FEi8MSP3ccoqLah8EcxfGZVHUViEmQfvQ
BTM: bNidDXnRu5fuD8Th7cPFh7jnPdyAhMh7Nr
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Este Nuno
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amarha
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August 03, 2014, 02:49:12 PM |
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82ndabnmedic
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August 03, 2014, 08:00:00 PM |
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Este - Bitmark News looks great. Keep up the good work!
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CISSP | PMP | CEH
Bitmark: Project Manager & PR Coordinator
BTC: 1FEi8MSP3ccoqLah8EcxfGZVHUViEmQfvQ
BTM: bNidDXnRu5fuD8Th7cPFh7jnPdyAhMh7Nr
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82ndabnmedic
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August 04, 2014, 02:58:30 AM |
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Network continues its healthy upward trend as Network Hash Reaches 2.1GH @ a Difficulty of 45.8205
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CISSP | PMP | CEH
Bitmark: Project Manager & PR Coordinator
BTC: 1FEi8MSP3ccoqLah8EcxfGZVHUViEmQfvQ
BTM: bNidDXnRu5fuD8Th7cPFh7jnPdyAhMh7Nr
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coinsolidation (OP)
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August 04, 2014, 03:16:19 AM |
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The live network health interface is under development, I can safely say the network looks increasingly healthy.
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gagalady
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August 04, 2014, 06:18:02 AM |
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Zandinga
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August 04, 2014, 10:44:52 AM Last edit: August 04, 2014, 11:32:38 AM by Zandinga |
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Here I am, after a short weekend hollidays. Damn, it was great... And what's happening here? Well, again, it's happening what we expected to happen since we began to draw the future of this coin. Delivering quality is paying off. Step by step, day after day, Bitmark is climbing up to the place where it belongs. And this is just the beginning... The community keep motivated and a lot of work is beeing done regarding both the technical aspects of the currency aswell the getMarked reward system and the adoption process. I'm really glad that all the efforts beeing made are already giving interesting results - solid and trusty results. It's also good to see how Bitmark, without much noise, without promotion campains, without spotlights, is getting the attention from a lot of new players. Everyday new investors, miners and traders are approaching and jumping into the boat, some with full conviction that Bitmark is the currency we all have been waiting for, some others, still observing, still skeptical, seeking for the good and the bad news, what's going on? should I jump in? ... Well, never too late but the sooner the better - you know that, doesn't you? ________________________________________ Este, gratz for the bitmarknews kick off. It looks good
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