damiano
Legendary
 Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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July 22, 2014, 08:49:10 PM |
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BTW, I only dumped on bittrex which is why cryptsy seems a bit more stable.  All done for now though, so no more cause for alarm. lol you did it good |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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jl777
Legendary
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Activity: 1176
Merit: 1132
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July 22, 2014, 08:55:27 PM |
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I think the recent dump is due to nxt multipool who mined a lot of btcd.
This will only be happen once if I am right.
exactly sorry to cause anyone alarm I had to liquidate nearly 5000 BTCD, which is now completed, to pay out some miners. So, now it goes up! @jl777 I like your technical understanding and your postings! This thread is very interesting!!! (I am afraid of FUDs incoming since the value of BTCD is growing.) The FUDsters will have to work pretty hard to come up with bad stuff to say about BTCD. Giant premine for coin founders of ~20000 BTCD, worth a few BTC for the first week+ of coin launch. Hmm, nope doesnt seem FUDable to me lets see. Oh, yeah, BTCD is a scam because there is nothing new. Sure, they can go with that and then explain how https://github.com/jl777/pNXT is nothing new. Also, if I am just writing new code I write ~1000 lines, then it takes a day or two to debug, so several thousand lines of new code per week. Every once in a while, I refactor and replace old code with much cleaner code so my output goes "negative", but that is just part of the process. Write code, debug, refactor. Add new feature. Repeat OK, maybe they say my approach to privacyServers is no good. In that case I am very eager to hear about flaws so I can fix them. Clearly privacy is a core feature, but BTCD will be far more than an anon coin. It will be a gateway coin into a universe of decentralized features. And I will keep adding to these decentralized features steadily. Maybe I slow down a bit after BTCD is near top of coinmarketcap, but for the rest of this year, I plan to continue my pace of 100+ hrs per week James |
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shrekster
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July 22, 2014, 08:55:42 PM |
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I predict .005 by the end of tonight.
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thevampireskilledit
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July 22, 2014, 08:59:36 PM |
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I think the recent dump is due to nxt multipool who mined a lot of btcd.
This will only be happen once if I am right.
exactly sorry to cause anyone alarm I had to liquidate nearly 5000 BTCD, which is now completed, to pay out some miners. So, now it goes up! @jl777 I like your technical understanding and your postings! This thread is very interesting!!! (I am afraid of FUDs incoming since the value of BTCD is growing.) The FUDsters will have to work pretty hard to come up with bad stuff to say about BTCD. Giant premine for coin founders of ~20000 BTCD, worth a few BTC for the first week+ of coin launch. Hmm, nope doesnt seem FUDable to me lets see. Oh, yeah, BTCD is a scam because there is nothing new. Sure, they can go with that and then explain how https://github.com/jl777/pNXT is nothing new. Also, if I am just writing new code I write ~1000 lines, then it takes a day or two to debug, so several thousand lines of new code per week. Every once in a while, I refactor and replace old code with much cleaner code so my output goes "negative", but that is just part of the process. Write code, debug, refactor. Add new feature. Repeat OK, maybe they say my approach to privacyServers is no good. In that case I am very eager to hear about flaws so I can fix them. Clearly privacy is a core feature, but BTCD will be far more than an anon coin. It will be a gateway coin into a universe of decentralized features. And I will keep adding to these decentralized features steadily. Maybe I slow down a bit after BTCD is near top of coinmarketcap, but for the rest of this year, I plan to continue my pace of 100+ hrs per week James Hi James, Regarding privacy, have you seen what bitshares TITAN has? https://i.imgur.com/7ki3fe3.jpg |
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jl777
Legendary
Offline
Activity: 1176
Merit: 1132
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July 22, 2014, 09:00:05 PM |
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I predict .005 by the end of tonight.
For that we would have to exceed LTC volumes. Anyway, I think current price level is a good place to be for a few days, let more people get in at these prices. What most people dont realize yet is how significant the 1.2 million fixed number of coins is. .002 price for BTCD is like .0005 price for a coin with 5 million coins and .00005 price for a coin with 50 million coins Even XMR has over 2 million coins and many more added every day. Anyway, time to start coding. James |
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jl777
Legendary
Offline
Activity: 1176
Merit: 1132
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July 22, 2014, 09:09:11 PM |
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I think the recent dump is due to nxt multipool who mined a lot of btcd.
This will only be happen once if I am right.
exactly sorry to cause anyone alarm I had to liquidate nearly 5000 BTCD, which is now completed, to pay out some miners. So, now it goes up! @jl777 I like your technical understanding and your postings! This thread is very interesting!!! (I am afraid of FUDs incoming since the value of BTCD is growing.) The FUDsters will have to work pretty hard to come up with bad stuff to say about BTCD. Giant premine for coin founders of ~20000 BTCD, worth a few BTC for the first week+ of coin launch. Hmm, nope doesnt seem FUDable to me lets see. Oh, yeah, BTCD is a scam because there is nothing new. Sure, they can go with that and then explain how https://github.com/jl777/pNXT is nothing new. Also, if I am just writing new code I write ~1000 lines, then it takes a day or two to debug, so several thousand lines of new code per week. Every once in a while, I refactor and replace old code with much cleaner code so my output goes "negative", but that is just part of the process. Write code, debug, refactor. Add new feature. Repeat OK, maybe they say my approach to privacyServers is no good. In that case I am very eager to hear about flaws so I can fix them. Clearly privacy is a core feature, but BTCD will be far more than an anon coin. It will be a gateway coin into a universe of decentralized features. And I will keep adding to these decentralized features steadily. Maybe I slow down a bit after BTCD is near top of coinmarketcap, but for the rest of this year, I plan to continue my pace of 100+ hrs per week James Hi James, Regarding privacy, have you seen what bitshares TITAN has? https://i.imgur.com/7ki3fe3.jpgcool looking chart, reminds me of metro station maps for some reason. I dont really understand what they are doing, but with a color chart like that it must be good There just isnt enough details on how TITAN hides the info on the blockchain. I cant tell what level of privacy they get with this. One problem that none of the other solutions (that I know of) solves is the user error issue. See, to maintain high levels of privacy you need to be diligent and never expose your IP address anywhere that you dont trust. This is why I designed the hub and spoke model of privacyServers. The privacyServers are public nodes, so everybody knows their IP addresses and each BTCD client connects through encrypted channel to a privacyServer. So now, you can avoid having the best anon algo totally negated because you logged into your email without going through a proxy. Theoretically, maybe there isnt much added anon to this, but in practice it will make all the difference in the world. I dont want BTCD users to have to use Tor (that's a big red "come and investigate me" flag!) or I2P or anything to raise issues. Just normal use and if everybody is using BTCD, then using BTCD is normal! So, my design is for everybody to gain privacy without needing to know anything about how to setup Tor, proxies, etc. Of course the people running privacyServers will need to know this, but they will get compensation for it Do we have someone that can make pretty chart like that? I bet we can make one look much cooler James |
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Cornett
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July 22, 2014, 09:22:44 PM |
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The major mass of people bought BTCD at 120-140 ksat. The prise will not falling lower than = [Buy Price]+[30% of Buy price]. So now there is a big opportunity to buy in. The coin change hands at the prices near 180 ksat
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Azeh (OP)
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July 22, 2014, 09:25:53 PM |
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I think the recent dump is due to nxt multipool who mined a lot of btcd.
This will only be happen once if I am right.
exactly sorry to cause anyone alarm I had to liquidate nearly 5000 BTCD, which is now completed, to pay out some miners. So, now it goes up! @jl777 I like your technical understanding and your postings! This thread is very interesting!!! (I am afraid of FUDs incoming since the value of BTCD is growing.) The FUDsters will have to work pretty hard to come up with bad stuff to say about BTCD. Giant premine for coin founders of ~20000 BTCD, worth a few BTC for the first week+ of coin launch. Hmm, nope doesnt seem FUDable to me lets see. Oh, yeah, BTCD is a scam because there is nothing new. Sure, they can go with that and then explain how https://github.com/jl777/pNXT is nothing new. Also, if I am just writing new code I write ~1000 lines, then it takes a day or two to debug, so several thousand lines of new code per week. Every once in a while, I refactor and replace old code with much cleaner code so my output goes "negative", but that is just part of the process. Write code, debug, refactor. Add new feature. Repeat OK, maybe they say my approach to privacyServers is no good. In that case I am very eager to hear about flaws so I can fix them. Clearly privacy is a core feature, but BTCD will be far more than an anon coin. It will be a gateway coin into a universe of decentralized features. And I will keep adding to these decentralized features steadily. Maybe I slow down a bit after BTCD is near top of coinmarketcap, but for the rest of this year, I plan to continue my pace of 100+ hrs per week James Hi James, Regarding privacy, have you seen what bitshares TITAN has? https://i.imgur.com/7ki3fe3.jpgcool looking chart, reminds me of metro station maps for some reason. I dont really understand what they are doing, but with a color chart like that it must be good There just isnt enough details on how TITAN hides the info on the blockchain. I cant tell what level of privacy they get with this. One problem that none of the other solutions (that I know of) solves is the user error issue. See, to maintain high levels of privacy you need to be diligent and never expose your IP address anywhere that you dont trust. This is why I designed the hub and spoke model of privacyServers. The privacyServers are public nodes, so everybody knows their IP addresses and each BTCD client connects through encrypted channel to a privacyServer. So now, you can avoid having the best anon algo totally negated because you logged into your email without going through a proxy. Theoretically, maybe there isnt much added anon to this, but in practice it will make all the difference in the world. I dont want BTCD users to have to use Tor (that's a big red "come and investigate me" flag!) or I2P or anything to raise issues. Just normal use and if everybody is using BTCD, then using BTCD is normal! So, my design is for everybody to gain privacy without needing to know anything about how to setup Tor, proxies, etc. Of course the people running privacyServers will need to know this, but they will get compensation for it Do we have someone that can make pretty chart like that? I bet we can make one look much cooler James Yes, no worries. Gitbknowsall is putting together infographics to better illustrate the btcd tech! |
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jl777
Legendary
Offline
Activity: 1176
Merit: 1132
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July 22, 2014, 09:32:03 PM |
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I have some bad news:
"moneysupply" : 1177663.72510559 midnite Tues
"moneysupply" : 1177736.38533444 4:30 PM Tues
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criptix
Legendary
Offline
Activity: 2464
Merit: 1145
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July 22, 2014, 09:34:33 PM |
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I have some bad news:
"moneysupply" : 1177663.72510559 midnite Tues
"moneysupply" : 1177736.38533444 4:30 PM Tues
uhm can you explain  |
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Juicemixer
Member
Offline
Activity: 82
Merit: 10
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July 22, 2014, 09:36:16 PM |
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That is the overall amount of BTCD. Not sure why it's bad news.
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criptix
Legendary
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Activity: 2464
Merit: 1145
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July 22, 2014, 09:37:25 PM |
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That is the overall amount of BTCD.
yes and i see it has increased by ~70 coins through pos. what is the problem now? too many coins? |
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jl777
Legendary
Offline
Activity: 1176
Merit: 1132
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July 22, 2014, 09:42:50 PM |
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That is the overall amount of BTCD.
yes and i see it has increased by ~70 coins through pos. what is the problem now? too many coins? This projects to a daily rate of ~100 coins per day. I had estimated closer to 200 coins. I posted instructions on how to maximize staking, but I guess most BTCD is still on exchanges? Not sure if the total output depends on total coins staking, if so, it will take much longer to get to 22 million coins. Not sure, something absurd like 100 years? so at 100 coins per day, that is 36,500 call it 40,000 more in a year 1177663 + 40000 = 1217663 This is ~3.4%, now compounding will boost it some, but not to 5% Now the FUDsters can come at us saying BTCD is always overestimating the number of coins! First they said 1.6 million coins, but only 1.2 million Then they said 5% per year, but it wont even be 4% James |
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criptix
Legendary
Offline
Activity: 2464
Merit: 1145
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July 22, 2014, 09:47:11 PM |
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That is the overall amount of BTCD.
yes and i see it has increased by ~70 coins through pos. what is the problem now? too many coins? This projects to a daily rate of ~100 coins per day. I had estimated closer to 200 coins. I posted instructions on how to maximize staking, but I guess most BTCD is still on exchanges? Not sure if the total output depends on total coins staking, if so, it will take much longer to get to 22 million coins. Not sure, something absurd like 100 years? so at 100 coins per day, that is 36,500 call it 40,000 more in a year 1177663 + 40000 = 1217663 This is ~3.4%, now compounding will boost it some, but not to 5% Now the FUDsters can come at us saying BTCD is always overestimating the number of coins! First they said 1.6 million coins, but only 1.2 million Then they said 5% per year, but it wont even be 4% James yeah i did the exact same math too (with 5% annual interest rate), i guess alot of coins are on exchanges right now to play daytrading. This is a PoS-Coin now, everyone should put as much as possible in their wallet and stake. just remember what happened with mintpal and vericoin not long ago! |
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matrix961
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July 22, 2014, 09:51:45 PM |
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everyone should put as much as possible in their wallet and stake.
Now just kindly sell into my 180k's buy orders and I'll be happy to transfer those to my wallet...and stake...  |
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qiwoman2
Legendary
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Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
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July 22, 2014, 09:52:51 PM |
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I retweeted although I have 900 more twitter followers..  |
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criptix
Legendary
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Activity: 2464
Merit: 1145
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July 22, 2014, 09:53:51 PM |
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everyone should put as much as possible in their wallet and stake.
Now just kindly sell into my 180k's buy orders and I'll be happy to transfer those to my wallet...and stake... ah sorry mate im staking and waiting myself for my buys to get filled |
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koralon
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July 22, 2014, 09:54:11 PM |
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Yeah I understand, it's because some random Twitter account user can see to the future. Also 12 followers means that other people believe in him. |
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qiwoman2
Legendary
Offline
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
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July 22, 2014, 09:58:38 PM |
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everyone should put as much as possible in their wallet and stake.
Now just kindly sell into my 180k's buy orders and I'll be happy to transfer those to my wallet...and stake... ah sorry mate im staking and waiting myself for my buys to get filled How low will it it go to you think back to yesterday's levels? Cos I wanna try buy some more..and then take off and stake. |
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