Convert Bitcoins (BTC) and WorldCoins (WDC): Currency
Bitcoin And Crypto World Rocked By An Estimated $400
Worldcoin: Think Outside The Banks
Worldcoin is a digital currency secured by cryptography. As a descendant of Bitcoin it shares many similarities but is more advanced and friendly to Brick and Mortar Businesses which require the fastest speed possible."
Worldcoin is a digital currency secured by cryptography. As a descendant of Bitcoin it shares many similarities but is more advanced and friendly to Brick and Mortar Businesses which require the fastest speed possible.
Worldcoin is a digital currency secured by cryptography. As a descendant of Bitcoin it shares many similarities but is more advanced and friendly to Brick & Mortar Businesses which require the fastest speed possible."
My 2 satoshis as an /r/bitcoin contributor a few years back
I haven't signed onto reddit in a couple of years, but it's high time! (I have, however, been lurking...a lot). I originally discovered Bitcoin as a libertarian with a high moral regard for all humanity. I love what people like Elon Musk are doing for our planet! I embraced the original Bitcoin technology with its promise of bringing power back into the hands of the people, the 99% if you will. Unfortunately, the evolution of Bitcoin has been quite off-putting since then. I had since fully diversified into Ethereum and some more promising evolving technologies. However, my heart is still with the original intent of the Bitcoin protocol. AND now, I am extremely pleased that peer-to-peer, fast and inexpensive transactions have returned in the form of BITCOIN CASH! I have always found a profound kinship with Roger Ver and his passionate plea for a better existence for ALL people on the planet. This world view is not an act; knowing who I am, I could easily argue for the possible existence of an altruistic genetic component in a certain percentage of the population. The people that discovered Bitcoin in its early days didn't immediately see money and profits. What we discovered was a breakthrough technology that would empower billions of people around the world to potentially break free of modern day capitalist constraints of greed and control by a handful of people at the top. Unfortunately, this is what the original Bitcoin ecosystem has merged into: a divisive power play for ultimate control. That is not what we signed up for! However, with the emergence of Bitcoin Cash I, once again, feel a sense of liberation and have a renewed hope for the future of all our peer-to-peer, decentralized interactions. I really wanted to keep ALL of my Ethereum (because let's face it, 2.0 and 3.0 will be better technologies), but a decent percentage has gone back into Bitcoin...Cash. I wish everyone well. And now for another whiskey coke! Cheers
If you think you missed out on the internet craze then give Cryptocurrency a shot!
If You Idea You Missed Out On The Web Earnings Transformation Attempt CryptoCurrency When the majority of people consider cryptocurrency they may too be considering puzzling currency. Really couple of individuals appear to understand what it is and for some factor everybody appears to be speaking about it as if they do. This report will ideally debunk all the elements of cryptocurrency so that by the time you're ended up reading you will have a respectable concept of what it is and what it's everything about. You might discover that cryptocurrency is for you or you might not however a minimum of you'll have the ability to talk with a degree of certainty and understanding that others will not have. There are lots of people who have actually currently reached millionaire status by handling cryptocurrency. Plainly there's a great deal of cash in this brand name brand-new market. Cryptocurrency is electronic currency, brief and easy. Nevertheless, what's not so brief and basic is precisely how it comes to have worth. Check out our guide on how to sell btc to figure out how you can turn that beloved coin into cold hard cash. Cryptocurrency is a digitized, virtual, decentralized currency produced by the application of cryptography, which, according to Merriam Webster dictionary, is the "digital encoding and decoding of info". Cryptography is the structure that makes debit cards, computer system banking and eCommerce systems possible. Cryptocurrency isn't backed by banks; it's not backed by a federal government, however by an exceptionally complex plan of algorithms. Cryptocurrency is electrical power which is encoded into complicated strings of algorithms. What provides financial worth is their complexity and their security from hackers. The manner in which crypto currency is made is merely too hard to replicate. Cryptocurrency remains in direct opposition to what is called fiat cash. Fiat cash is currency that gets its worth from federal government judgment or law. The dollar, the yen, and the Euro are all examples. Any currency that is specified as legal tender is fiat cash. Unlike fiat cash, another part of what makes crypto currency important is that, like a product such as silver and gold, there's just a limited quantity of it. Just 21,000,000 of these very complicated algorithms were produced. No more, no less. It can't be changed by printing more of it, like a federal government printing more cash to pump up the system without support. Or by a bank changing a digital journal, something the Federal Reserve will advise banks to do to change for inflation. Cryptocurrency is a method to acquire, offer, and invest that totally prevents both federal government oversight and banking systems tracking the motion of your cash. In a world economy that is destabilized, this system can end up being a steady force. Cryptocurrency likewise offers you a good deal of privacy. Regrettably this can result in abuse by a criminal aspect utilizing crypto currency to their own ends simply as routine cash can be misused. Nevertheless, it can likewise keep the federal government from tracking your every purchase and attacking your individual privacy. Cryptocurrency can be found in many kinds. Bitcoin was the very first and is the requirement from which all other cryptocurrencies pattern themselves. All are produced by careful alpha-numerical calculations from a complex coding tool. Some other cryptocurrencies are Litecoin, Namecoin, Peercoin, Dogecoin, and Worldcoin, among others. These are called altcoins as a generalized name. The costs of each are controlled by the supply of the particular cryptocurrency and the need that the marketplace has for that currency. The method cryptocurrency is brought into presence is rather interesting. Unlike gold, which needs to be mined from the ground, cryptocurrency is simply an entry in a virtual journal which is saved in different computer systems all over the world. These entries need to be 'mined' utilizing mathematical algorithms. Private users or, most likely, a group of users run computational analysis to discover specific series of information, called blocks. The 'miners' discover information that produces a specific pattern to the cryptographic algorithm. At that point, it's used to the series, and they have actually discovered a block. After a comparable information series on the block compares with the algorithm, the block of information has actually been unencrypted. The miner gets a benefit of a particular quantity of cryptocurrency. As time goes on, the quantity of the benefit reduces as the cryptocurrency ends up being scarcer. Contributing to that, the intricacy of the algorithms in the look for brand-new blocks is likewise increased. Computationally, it ends up being more difficult to discover a coordinating series. Both of these circumstances come together to reduce the speed in which cryptocurrency is produced. This mimics the trouble and deficiency of mining a product like gold. Now, anybody can be a miner. The pioneers of Bitcoin made the mining tool open source, so it's totally free to anybody. Nevertheless, the computer systems they utilize run 24 hr a day, 7 days a week. The algorithms are exceptionally intricate and the CPU is running complete tilt. Numerous users have actually specialized computer systems made particularly for mining cryptocurrency. Both the user and the specialized computer system are called miners. Miners (the human ones) likewise keep journals of deals and serve as auditors, so that a coin isn't replicated in any method. This keeps the system from being hacked and from running amok. They're spent for this work by getting brand-new cryptocurrency weekly that they preserve their operation. They keep their cryptocurrency in specialized files on their computer systems or other individual gadgets. These files are called wallets.
A brief history of the 2013 market peak; why some alts really do die; and what would've happened if you'd given in to FOMO
This piece is a follow-up to my earlier piece, which looked at what would’ve happened if you’d purchased alt-coins shortly after the bottom of the 2013-2015 bear market. A lot of the constructive criticism that I received was that I was too bullish on alt-coins, and that the timing was too convenient. Although it’s fair to say that I am bullish on crypto in general and alt-coins in particular (with several major caveats for both), I agree that it’s important to not just focus on historical analyses where it’s fairly clear that you could have earned money. So, today’s research question is whether you’d still be underwater if you’d bought in to the market at or near the 2013 all-time high. All information cited herein comes from the historical charts available at CoinMarketCap. TL;DR: This worst-case scenario analysis shows that $300 invested equally across 15 of the 40 coins in existence near the market’s peak in 2013 would be worth only $429.95 today—gains which are entirely attributable to Bitcoin, Litecoin, and Ripple. This is basic, but it can be dangerous to buy high. This is especially true of alt-coins, but even the top three coins in our sample saw fairly lackluster results when bought at the top of the market. Finally, nothing in this post should be taken as investment advice. This is only intended as historical analysis. Past performance does not guarantee future returns. A Brief History of the 2013 Market Peak According to CoinMarketCap, the 2013 bull market peaked on December 4, 2013, at ~$15.87 billion in market capitalization.* Thereafter, the market crashed dramatically not once, but twice. In the first crash, which occurred between December 5-8, 2013, overall market cap fell by ~39% to ~$9.66 billion. Then, after a brief recovery to ~$13.57 billion on December 10th, the market fell precipitously, to ~$5.7 billion on December 18, 2013. Thus, over the course of only two weeks, from December 4-18, 2013, the market lost ~64% of its value. Although this was by no means the end of the 2013-2015 bear market--which lasted for approximately 17 months and saw an additional decline of ~45% from the December 18, 2013 low--this was the end of the beginning. What If I Bought Crypto Right as the 2013 Market Peaked? Generally, the first rule of trading is** that you want to buy low and sell high. As a result of their fear of missing out (“FOMO”), however, many people find themselves accidentally buying high. Today, I’m going to look at what would have happened to someone who bought their crypto right as the market was peaking. Ideally, I would run this experiment from December 4, 2013, but due to the limited data available from CoinMarketCap, I’m forced to choose between November 24th, December 1st, December 8th, and December 15th. Of those dates, I have selected December 1, 2013, because it represents the worst possible scenario for which I have data. On that date, total crypto market cap, which had hit a new high of ~$15.4 billion the day before, swung wildly between a high of ~$14.83 billion and a low of ~$12.18 billion. Unfortunately, it’s unclear exactly when CoinMarketCap’s snapshot was taken. That said, it’s clear that our hypothetical FOMO trader is about to lose his shirt over the next few weeks, so let’s dive into the specifics. On December 1, 2013, there were 40 coins listed on CoinMarketCap. I won’t list them all here, but of those 40, all but 11 are still listed as active on CoinMarketCap. The truly dead (or “inactive”) coins are BBQCoin (BQC; rank 16), Devcoin (DVC; rank 19), Tickets (TIX; rank 22), Copperlark (CLR; rank 24), StableCoin (SBC; rank 25), Luckycoin (LKY—ironic, I realize; rank 31), Franko (FRK; rank 34), Bytecoin (BTE; rank 35), Junkcoin (JKE—how apt; rank 36), CraftCoin (CRC; rank 39), and Colossuscoin (COL; rank 40).*** Now, since this post is already incredibly long, instead of testing all 40 coins, let’s take a decently-sized sample of five coins each from the top, middle, and bottom of the stack, and look at what happens. For the middle, although the temptation is to take decent alts, let’s fight that and take the group with the highest failure rate: ranks 21-25. So, here’s out pool:
Top Five: Bitcoin, Litecoin, Ripple, Peercoin, and Namecoin
Middle Five: Yacoin, Tickets, Ixcoin, Copperlark, and Stablecoin (ranks 21-25)
Bottom Five: Junkcoin, Argentum, Elacoin, CraftCoin, and Colossuscoin (ranks 36-40)
Now, here are how our sample of coins has performed as of when I write this:****
Bitcoin: Up from $1,083.14 to $6,957.99—a ~6.42x increase
Litecoin: Up from $39.77 to $117.43—a ~2.95x increase
Ripple: Up from $0.047034 to $0.527721—an ~11.22x increase
Peercoin: Down from $7.58 to $1.62—a ~78.6% loss
Namecoin: Down from $9.94 to $1.52—an 84.7% loss
So, if our hypothetical FOMO trader had invested $100 in our top-five sample near the 2013 peak, it would currently be worth $411.80 (the profitable coins) + $3.06 (PPC) + $4.27 (NMC) = $419.13—a 4.19x increase. Now for the two coins in the middle five that didn’t completely die:
Yacoin: Down from $0.311704 to $0.001025—a ~99.7% loss (Note: Since a $20 investment would only be worth a little over six cents, I’m calling this a total loss)
Ixcoin: Down from $0.146275 to 0.111126—a ~24% loss
So, if our hypothetical FOMO trader had invested $100 in our middle-five sample near the 2013 peak, it would currently be worth ~$15.19—an ~84.8% loss. Finally, here are the two coins from the bottom five that didn’t completely die:
Elacoin: Down from $10.95 to $0.212289—a ~98% loss (Note: since this is only worth about $0.39, I’m calling this a total loss)
Argentum: Down from $0.793038 to $0.117466—an ~85.2% loss.
So, excluding everything buy Argentum, if our hypothetical FOMO trader had invested $100 in our bottom-five sample near the 2013 peak, it would currently be worth ~$2.96—a ~97% loss. Putting it all together, $300 invested in this sample of 15 coins as close to the peak of the 2013 market as the data will let me get, would be worth $429.95—a disappointing, but not-unexpected ~30.2% increase over five years. That said, I’m honestly somewhat amazed our FOMO trader made anything at all on this basket of coins, considering how many of them failed. In any case, all of his gains came from the top-three coins from 2013: Bitcoin, Litecoin, and Ripple. Conclusions What’s the lesson here, what’s the takeaway?***** Most importantly, I think the above analysis shows that it can be very dangerous to buy alt-coins when the market is at or near an all-time high—a conclusion that appears to be true regardless of where the alt is positioned in the market. That said, there are a few caveats: (1) this sample was intentionally bad, in order to reflect a worst-case scenario; (2) even buying the top-three coins at the all-time high didn’t net our FOMO trader particularly large gains when compared to someone who bought these same coins after the crash. Therefore, I think that the most important lesson here is not to buy high in the first place. Investing solely because of FOMO will probably cause you to lose money, unless you have invested equally in a broad range of cryptocurrencies, like the trader in our hypothetical. Even then, however, our FOMO trader probably would have done better investing in an S&P Index fund over the same period. Endnotes *This is a correction to my earlier piece, in which I stated that the cryptocurrency market peaked on November 30, 2013, at a total market capitalization of ~$15.2 billion. I made this error due to having failed to narrow the date range of the chart so I could properly zoon in. That said, the exact details of the market peak don’t affect the conclusions from my last piece, which considered trades made after the market had bottomed out. ** …you do not talk about trading. Wait, that’s the wrong rulebook. *** Since I already typed it out, here’s the list of remaining active coins, in descending order: Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Peercoin (PPC), Namecoin (NMC), Megacoin (MEC), Feathercoin (FTC), WorldCoin (WDC), Primecoin (XPM), Freicoin (FRC), Novacoin (NVC), Zetacoin (ZET), Infinitecoin (IFC), Terracoin (TRC), Crypto Bullion (CBX), Anoncoin (ANC), Digitalcoin (DGC), GoldCoin (GLD), Yacoin (YAC), Ixcoin (IXC), Fastcoin (FST), BitBar (BTB), Mincoin (MNC), Tagcoin (TAG), FlorinCoin (FLO), I0Coin (I0C), Phoenixcoin (PXC), Argentum (ARG), Elacoin (ELC) **** I know that we could have sold them sooner, and probably for more money, but let’s just assume that our hypothetical FOMO trader was a founding member of the #hodlgang. ;-) ***** Don’t mess with Maui when he’s on a breakaway! You’re welcome. ;-) Disclosures: I have previous held Litecoin, and currently hold approximately $140 of Ripple. I do not believe this influenced my analysis in any way. I have never bought or held any of the other coins discussed in this analysis. Edits: Formatting, typos, minor clarifications.
You are the Reason Why Dogecoin will absolutely go to the Moon!
For all the Good/Bad that Dogecoin has experienced over the last few weeks, I feel we need to be mindful of one important thing: BTC also experienced all of these things - bubbles, scams, massive scams - over the course of years. DOGE is barely a month old and it's already making waves. We're not seeing peercoin scams or Worldcoin wallets shutting down grabbing headlines - why? Because, as any good journalist will tell you, there's no story there. A story needs an emotional element to really take off. Peercoin, hell, even Litecoin, they're currencies - tools - but Dogecoin has developed that missing link: a strong community. Simply put: Dogecoin is fun. If you ever watch the business-heads berate Dogecoin they call it a 'useless copy' that 'fulfills no need'. They say it is no different from Bitcoin or Litecoin, it's a scam coin. But it isn't. And savvy investors have realised this because Dogecoin actually fulfills a need that none of the other Cryptos do: It makes cryptocurrency nonthreatening and fun. This alone is an incredible strength because, unlike your Bitcoins, etc, Dogecoin has a low entry level. What this means is that Dogecoin has essentially cornered the market on "My first Crypto". We're bringing NEW people into the Cryptocurrency world. We're actively growing while everyone else is stagnating or worse. We have a story to tell. Together. Look around, look at all the posts going up about people who'd heard about Bitcoin but decided to get involved with Doges because it seemed fun. Anyone worrying about the future of Dogecoin needs to look no farther than this: Our community, our friendly, nonthreatening approach to Cryptos and finance is our greatest strength. As long as we maintain our open, friendly community above all things we will have something that no other coin can replicate. The cute Doge gets attention and interest, but the community, specifically, is what makes us special. We welcome everyone, give them some DOGE, make it fun and exciting and new. And the best part is that it's just simply part of who we are. Our community is hurt by hackers and within an hour I saw relief efforts being organized. You see that in the Bitcoin community anywhere? It is expressly because We (the community) allow for more new people to enter, and learn, with low risk, that Dogecoin is going to be around for a very, very long time. We're not just growing the Dogecoin community, we're growing the Cryptocurrency community as a whole. You are what is special about Dogecoin. So keep on being awesome, okay? ;D) TL;DR: Dogecoin is basically the Wii of Cryptocurrencies. Cute, simple, fun - but the Community we have is what makes us special. Keep being the awesome people - the awesome community - that we are and we are definitely going to the Moon!
So one downside of this particular copy/paste coin: it's very cheap to bloat the blockchain. Tweaking the money supply without tweaking the minimum transaction size or transaction fee means that it cost about $0.000001 per gigabyte, or less than $1 to make it too big for anyone to download. Someone check my math on this, I'm using 0.0001 as the tx fee and 0.00000001 * ~2500 as the output amounts. It took a dumb college kid an hour of work to make a script that adds 1gb to the dogechain every few days. This is using the QT client and shitty sleep() synchronization (how do you pass the minconf arg with jsonrpc? anyone?). I'm sure someone with another hour and more bitcoin RPC knowledge could put dogecoind on a few AWS instances and make it so the blockchain doesn't fit on an average hard drive in less than a day. I didn't give a shit until I read about some poor schmuck investing 1.5btc into this. You guys are straight up irresponsible for promoting / encouraging that. The only solution I can think of is to raise the transaction fee significantly. Something like 10 doge should be enough. Fortunately there's no effective way to short cryptocurrencies yet, otherwise you wouldn't be able to make it high enough. Either that, or actually innovate (wow!) by implementing a rotating blockchain or something. The script: NEVERMIND PEOPLE GOT MAD THAT I POSTED IT (this jsonrpc version: https://github.com/jgarzik/python-bitcoinrpc ) "addrs.txt" is generated with:
Check out the transaction: http://dogechain.info/tx/856400286a22663580b6ff30e63dc516fd6a7b38f66490bed177ea1e51a13d7b Anyway, I'm gonna stop running this because I have nothing to gain and don't want to be a dick. But seriously, stop promoting dogecoin until you guys figure this out. edit: formatting edit 2: If anyone is actually planning on running this, please do us a favor and attack Megacoin or Quark or Worldcoin instead. Those are scamcoins that aren't even claiming to be just for fun. At least dogecoin has tremendous educational value.
Of Wolves And Weasels - Day 9 - Now This is More Like it!
Hey all! GoodShibe here! Are you smiling? I bet you're smiling. I know the people who bought in at 25/26 are smiling - especially since a good number of these shibes are pretty much responsible for our current stability. Yesterday was what I like to call a 'leg stretching' day. We all got up, took our Doges for a walk, felt better. It was a bright, sunny day in the digital park. We checked the papers, found out that we're getting [all][sorts] of [great][press]. Heck, Wall Street Journal's writing about us. Confidence is higher than it's been for a good, long while. People are starting to talk about us more as the Internet's 'Tipping' Currency instead of that silly 'Internet Joke Coin'. And we're barely a month and a half old. So, that's the good news. We're bringing lots of new, fresh faces to Dogecoin right now. AND we're actually being used as a currency (ALOT) -- Thanks for the laugh cdeverett, tip this one well, people! -- unlike many of the other coins. Here's a snapshot of the last 24-hours over the various exchanges: http://imgur.com/zJTb130 The less good news is that our price stability appears to be temporary. At 47/48... we're not really there yet. Yesterday I mentioned our collective 'unreadiness' to jump and hold the 50 Satoshi barrier and that pretty much proved true. We got right up to the fence - a few got over - but quickly dug back in under after seeing what's on the other side. And hey, it's a big scary world out there. It's okay, our time will come. Right now there's a lot of work being done trying to hold our prices on the markets - an effort that, sadly, I don't think is going to pan out. Lots of people playing in the margins yesterday gave us a sense of stability. Where I was seeing walls being built at the 50 satoshi barrier yesterday (5+ BTC), now I'm starting to see walls going up at 48 and that number, 46 is coming up a lot more often. Also, if you look across the spread, you'll see that the markets really aren't in agreement -- which says to me that there's some work being done, on specific, exchanges, to try and stabilize the price. Don't worry if we fall a tad. More importantly, don't fall for a pump and dump. There's most likely a cliff coming, probably mid-day today (EST) as multipool and friends take this opportunity clean house -- again, I could be entirely wrong (And I hope I am). Keep an eye on when things start to dip, don't panic. Breathe. Hold your DOGEs. Last night our Global Hashrate spiked into the 40 Gigahashes/second but generally settled into the new norm of the low-to-mid-30s. Difficulty again increased - spiking to ~514 around 4am EST but fell back into the low-to-mid 400s. We're back at the top of the heap at Multipool, with a profitability of 35.33 compared to Worldcoin's 32.88 in second place. Right now it's 9:09 AM EST, your Global Hashrate is rising slightly at 34 Gigahashes per second and Difficulty is also rising at 459. Please folks, remember to KEEP MINING! Even if you're not making many DOGEs. Every DOGE you make is one more for you and one less DOGE being auto-sold on the markets, lowering our value. Let's keep the global hashrate up, keep the difficulty up. As always, I thank you all for your support! @GoodShibe (subtle plug detected :P)
We are Adam, Mike, Ryan, Angelo and Ken of Vault of Satoshi (Canadian Bitcoin Exchange) AUA! And Raise Money for Cancer Research!
My short bio: Hey folks I'm Adam Cochran, Director of Marketing for Vault of Satoshi, Canada's largest international cryptocurrency exchange! I'm joined by some our team for our first ever Ask Us Anything! The team who is here today: Mike Curry - Co-Founder Ryan van Barneveld - Co-Founder Adam Cochran - Director of Marketing Angelo Rodrigues - Software Engineer Ken Vahl - Developer And as of 1pm, we'll be happy to take your questions on Cryptocurrency, our exchange, Canada, our team, you name it! (Disclaimer: We reserve the right to not answer questions related to security policy if we feel it may jeopardize user security) Our Proof:www.twitter.com/vaultofsatoshi Donations for Canadian Cancer Society: Since April is Cancer Awareness month we'll be raising funds for the Canadian Cancer Society in cryptocurrencies today! Feel free to tip in your favorite crypto to the wallet addresses below! 100% of all proceeds will be going to the Canadian Cancer Society once exchanged for Fiat and we'll announce on /VoS how much we raised, and which crypto gave the most! Bitcoin: 1EsrAN9RDp7XA9c7aXxoC4gQApeTQaQqgD Dogecoin: D6iydwkV4ahLb1kh7kkL2HKYZ123GBddcP Auroracoin: AULecYyfRxE712pHJYWuBtfJNY3nUwJgTH Cryptogenic Bullion: 5k4GfUse1aqLdFNoxfNJExkw28joR5971u Darkcoin: Xurkbw2bdxufHxZywh9uPRz5Nby42rtqzM Digitalcoin: DEUJ7ewRVbaYDD2Uvomi12beAmHEAsjG7f Litecoin: LgqWyaZcDeexJP4JmFBJKjLvarEeeiMHAu Mintcoin: MdNiyTfUWfgmYdJCBbvLkmnEgL5EjpnQqp Peercoin: PQCvLzmnFASX1Dr3Sn4ng6sqEU9pTRhMmh Quark: QjMiv7Buwd38RiDTTSD6N5cbHxB1HiwqCU Vertcoin: VqP5TBNs7fNT9cLCanG7FqvAEC5QeknfPt Worldcoin: WcauiMQDq2cgs8E81vddr2E9NQpyd5mKKA
I've been looking into a number of different cryptocurrencies to invest in, and the ones that stick out as (what seem like) good investments are quarkcoins and worldcoins. I'm just getting into this, however. I knew about bitcoins when they were worth under $10/btc, and I kick myself for not buying $500 worth of them. I'm looking to avoid that again. what's y'all's opinion on the next big cryptocurrency?
Ladies, Gentleshibes. I felt the need to react to the following lines "The Dogecoin founder says people won’t get rich of the currency, as many long-term investors have done with Bitcoin. That was reinforced by a decision earlier this month to allow annual inflation of the currency once the hard cap on coins mined by computers is reached." First. I'm sorry to bring negativity here. As I'm an inconditionnal supporter of Dogecoin from the very beginning. I'm 28 years old. I own three well developped businesses in France. It goes from dietary supplements to webdesign. Despite my young age I can consider myself as a successful entrepreneur. In december I invested close to 10.000€ in DOGECOIN. Why ? Because DOGE was the only coin able to touch me. I wanted to become millionnaire and I am not ashamed to say it. I want to spread wealth around me. Help my family. Help my friends. DOGECOIN is the revenge of the geeks. DOGECOIN have much more potential than any other altcoins out there. We're sitting on a whole new market. Crypto-currencies will change the world as we know it. In 1995 there was no Youtube, no Internet, no Ebay, not even cellphones. It's hard to imagine how fast the world is running. BITCOIN and DOGE already took some of the best seats in this new market. The total Marketcap of the crypto-scene will grow a hundred times in the next few years. Like most of the people here I strongly reject the corrupted banking system. I'm sick of the world we're living in. We, the early adopters of crypto-currencies, are going to be the first players in the world of tomorrow. Hundreds of people in 2013 became millionnaires due to Bitcoin growth, as well as Quark (+80000% in 2013), NXT (+25000%), Worldcoin (+20000%) or many others. This is insane. A bunch of hardcore geeks and idealists are becoming the new elite. This market is still primitive. Even worst, 95% of the alt-coins developpers seems to have no clue about business and communication. So Mister Palmer. You said in the interview that you're happy to rise a few bucks for jamaicans on the back of "a fucking joke". I'm asking you, what was the nature of the discussion with the VC investors ? As everybody know nobody can buy Dogecoin. So what did they asked exactly ? THOUSANDS of people like me are heavily investing money in Doge. You're not respecting us. The whole community isn't living in their parents house, mining DOGE for pennies (nothing pejorative here, I used to live in my parents home too). DOGECOIN is meant to be a CURRENCY. So everything isn't about the lols. We need CAPABLE people, knowing how to lead a business. Do you want Doge marketcap to be divided by 100 ? If that's what you want, you're doing it good. External investors could bring their experience in help for DOGE. It isn't necessarly a bad thing. We need PROFESSIONALS of advertising. We need "professionnal grade" services. There's a whole market we have to conqueer and some serious job need to be done. In a few years we could rise millions and millions for fighting poverty and helping kids. JACKSON PALMER you're immature. And you're not respecting "big" believers like me. Whatever you're saying you're still the head of the community and you're able to crash Dogecoin, no matter the good will of the people supporting DOGE at their level. You cannot go without the big money. If no positive signal soon, then reasonnable people holding DOGE will soon start to SELL, because reasonnable people cannot trust in your immature approach of this business. You will stupidely crash DOGE because no one is gonna invest in anything without the hope of a REWARD. I will personnally sell all my DOGES as soon as the price hit my initial investment. MR PALMER I do not know you, maybe you just are a spoiled child, or whatever, but you're seriously making me ill and resentful. This is such a mess. I apologize for the approximative grammar and for the negativity. But this thing is just killing me and obviously I'm far from being the only one. Thanks for reading.
I have been fascinated with the concept of cryptocurrencies since I heard about them a few years ago when I was still in school 2-2.5 years ago. Unfortunately I didn't anything more than a laptop to mine with so it wasn't worth me trying to mine Bitcoins. A months ago I was looking to upgrade an HTPC that I had built for my apartment with an upgraded GPU so I could do some more serious gaming. In order to offset some of the cost (since I can't obviously use the computer all the time) I decided to take up mining. I ordered my new R9 270x which was leaps and bounds better than my old card and started mining Litecoins after having seen them around on the internet but soon grew frustrated at the fact that a lot of power miners had moved in and it was tough to gain much. I moved to Worldcoin after that because I could earn more through that but found very little going on with it beyond the mining community. After I read an article on Dogecoin on the Verge I stumbled on this Reddit and the rest, they say, is history. The amount of excitement was something I hadn't seen before and was very interested in! I actually set up a reddit account specifically because of this subreddit. I set my computer to mine Doge during my whole Christmas break when I was back visiting my family. I have also traded some of my other coins for Doge and I'm now in for over 200,000 Dogecoin and counting! I plan to be there when we reach the moon and want to help some other shibes so I'm sharing the wealth! Just leave a comment and I'll be giving out some Dogecoin
Vault of Satoshi announces "InstaBT" partnership allowing Canadian users to instant buy BTC
It's time for some spring cleaning here at VoS! Out with the old, in with the new! New Coins: First and foremost we'll be adding some new altcoins to the VoS family:
DigitalCoin (previously unannounced)
Cheques: We're phasing out support for cheques, as we've found the payment method to be slow and cumbersome for our users and involves too high of a turn around time. All cheque requests for April 10th will be honored but after that we will be switching over to other payment methods. For Canadian Users: Canadian users will have some exciting new payment methods they can look forward to shortly including our new partnership with InstaBT.com, and will still have the same EFT/PAD and wire support as always. For US Funds: As we will not yet be supporting debit methods for international users we will still be allowing users operating in USD to withdraw via cheques for the time being. They will also be able to withdraw via Wire Transfer if their withdrawal balance exceeds $1000 USD. There will also be some temporary changes to our deposit methods for USD deposits please contact [email protected] to find the latest deposit information. InstaBT: We're pleased to announce our new partnership with Canadian Bitcoin purchasing service InstaBT.com! InstaBT is a service that allows Canadians to buy Bitcoin directly online with Interac. While the service normally only allows users to buy 0.5 BTC, verified level 2 Vault of Satoshi users will now be able to fund their BTC accounts via InstaBT up to their normal VoS weekly limits. We are now on the final testing stages of this new feature and will be rolling out in the coming week! And More! This spring is ramping up to be a pretty exciting season for us here at Vault of Satoshi, we've already teased about our up coming Affiliate program, new changes to the UI that will simplify trading, and have tons more in the pipeline that we'll be announcing soon! We thank you for your continued patronage, and for joining us on this journey! All the best, Adam
Really interesting feature for Canadian users! Seems like VoS could become the Coinbase of Canada with these changes. It's really convenient to be able to instant buy.
Here are my thoughts on the matter: FedoraCoin is a really great coin with great features and really good devs. Now, is that really enough for a cryptocurrency to survive and thrive? I want to argue that it's not. It's easy to copy coins and enhance their features, we have an extremely competitive market with almost a limitless number of coins, with new coins that always try to be better, offer more features and reach new markets. I would argue we live in a Darwinian place, and those who don't keep evolving as fast as they can will end up as a name in the fossil record. We are still in the kids-shoes stage of the whole cryptocurrency economy that's just being formed. We absolutely need to remember that this is a dynamic and kind of 'alive' system, where even if you had the perfect solution, if no body uses it, it's as good as a piece of stone. In other words, it's not enough for a coin to have attractive features, and clever devs who can come up with innovative solutions when necessary. These are only the basic necessary features that a coin would ideally have so that it may thrive in the future, but they are not enough at all. What's needed in addition to these features, is a community, an active and enthusiastic community that has a vision(s) for the future of the coin, and has the innovative business people who want to build upon what's available to create uses and profit from their endeavours. I strongly argue that a cryptocurrency without a community of innovators and businessmen is to become worthless in the future and it's value while it exists is nothing but speculations and gamblings of those willing to take the risk in the hope that it may succeed one day if they're not only in it for the quick buck. This is the idea that I want to make sure we all become aware of. Without a community of innovators and businessmen, FedoraCoin with all it's nice features and lovely properties is as good as the next coin on the 500+ list of coins. Devs alone are not enough, their job in my opinion is just to maintain the essential building blocks and keep them upto speed with what's necessary in this fast evolving world of cryptocurrency. But they are far far away from creating any business or all the tools necessary to make the coin really useful to a worldwide audience. It's not possible and shouldn't be their job, we must be clear on this. Such a work must come from the community, only a community can have the diversity, multitude of ideas and innovations necessary to help the coin thrive and be used in the real world. So, how do we make sure we cultivate and ENABLE such a community to form?? We need a tool of communication that can do the job, a place for those people to get together and talk about their own ideas, separately, in an environment where they can stay on their subject and follow up etc. What I see in the only tools we currently have, namely reddit, bitcointalk forum, and irc channel, are mainly like a river of ideas and threads that keeps flowing, you toss in the idea and before you know it it's already washed down the stream and even if some people jump on the boat for a while the interested parties need to get off to a separate place on private messaging or whatever to be able to talk, meaning the idea can be followed up by only the two or three persons who liked it and were present at the time, and it quickly dies away since there is no momentum. I think it's obvious where I'm going with this, and I had to stretch out my idea and write all this just to make sure I make my case, that's because I've proposed this idea numerous times before on the bitcointalk forum as well as on the irc channel, but again it was just flushed down the stream and got forgotten. I don't have the expertise needed to create a new forum, so with this post I'm appealing to you all, the devs and the community, hoping you may take up this idea and create that forum. It's absolutely necessary in my opinion if FedoraCoin is ever to move from the realm of just another cryptocoin in the exchange markets to a truely useful tool in the realm of internet economy with actual users and businesses and customers, tippers etc. We have a wide wild west to explore, markets just waiting for the right idea, the whole blogger-socialnetworks sphere to exploit and innovate in it but nothing is happening because there is no momentum, no organization, just chaos of seprate chatter here and there. We already have great examples of forums which we can learn from, I give you here two such communities:
these are two of the most active communities I've ever seen apart from bitcoin and we need to have such a forum in order to let innovative people meet and create their own side projects and develop their own new tools and businesses with FedoraCoin. We can discuss what the subsections should be and what categories are needed, but for now let's just see that such a specialized forum IS NEEDED. We can have a section devoted to community projects, so separate projects can be suggested and the interested would get in on them. We would have a section devoted to discuss mining, the current hashrate and how to defend against ASICS etc. all different specialized places. The previous two communities I showed have even weekly and monthly reports from the devs to keep the community up to date on the current projects and next milestones. We need that if we want a community that believes in the coin and the devs and that can innovate on its own and take FedoraCoin to the next level. Other projects can start to give updates and reports when they are done, we could have a section dedicated to the finished projects and their final status to let people know how they can use them. I hope with this post I could persuade you to see the urgency of having this forum, and I hope to get those who have the ability to create such a place to communicate here and got it done! Otherwise as sad as this would make me, I don't think TiPS will be more than any other coin that will get hyped in the next cycle and then dumped again and I would have to get out cuz all the potential it has would be just theory on paper and it won't be realized because we lack the momentum and the number of innovators working on it. I hope we can get this done!! And in that spirit, live long and prosper, and together, may we forge ahead towards a bright future! but to get there, we still have a job to do I believe :) - ps. for those who are downvoting, would you please comment on why you downvoted? pss. if this post gets 25 points score then icanprogram will make it happen! so don't forget to vote!
Hey Everyone, I've been messing with Crypto for a while and it's time to pass on my beloved ZeusMiner to it's new special owner. I started with Dogecoin, then moved on to merged mining Litecoin, Peseta, TacoCoin, Syscoin, as well as others. The last thing I mined with this was WorldCoin and Game Credits. Aside from also serving as a very good space heater, it provided a nice ambient noise while I slept. I bequeath these pleasures onto you, M'Lady. This bad boy can be yours in exchange for a little support. I have a livestream that I play video games on amongst enacting upon other creative tasks. I mostly play Overwatch as of recent, but I have been known to explore the Eve Universe in great depth, and dabble with a few other games like CS:GO and GTA V. I also stream VR content with the HTC Vive. Plus, I'm like, super funny. As for mining, I fucks wit Monero and I have been munching popcorn to the second coming of Bitcoin. I still love the crypto community, but I just can't be bothered with managing the Zeus. If you have any questions about mining Monero or setting up your own stream/building a stream machine, feel free to ask in chat. I am offering the Zeusminer as a raffle giveaway on my stream. This raffle is for the miner only, and does not include the PSU, nor Shipping and Handling. If you are in the NYC area, we can work out a rendezvous (most likely a bitcoin meetup). Otherwise, you are responsible for the package getting to you. If you are curious about the PSU, it's a Silverstone ST1500. I'm offering it alongside the miner for another $150. It's got everything you need to run the miner. It does not come with the sata/molex cables. To enter: * Go to my Twitch channel and follow me. * Type in "!tickets X", where x is the amount of tickets you want to buy. * Tickets cost 20 points. You get 100 Points for following. The Raffle is for followers only. * Maximum entries is 5 tickets. You can get more points but hanging out and participating in chat. Once in awhile there will be random point giveaways for future raffles * The raffle ends when I hit 750 Followers (I'm at ~585 currently) I multicast on Twitch.tv, Beam.pro, Hitbox.tv, the Bitcoin centric Otika.tv, and at 1080p 60fps on Youtube. Check me, Brosies! The raffle only works with Twitch followers, so I appreciate the multiple stream support, but you got to have an active Twitch account to enter. Twitch.tv/unclemusclezYoutube.com/c/unclemusclezHitbox.tv/unclemusclezBeam.pro/unclemusclezOtika.tv/#/channel56/unclemusclez
I'm looking to trade to collect a sample of every known crypto currency.
Hey, everybody. As a contributor to a technology blog, I want to be one of the first people to have a sample of every known crypto coin... and, of course, write about it. Send me a small sample or tip and I'll try to pay you back in whatever coins I have. As I collect more coins, I'll try to help others fill in their collections. I'll be using the coinedup.com offerings as a reference and expand to other coins if people desire. This is a trade for small amounts only! Don't send me a zillion coins and expect to get completely accurate full bitcoins conversion. Use small amounts so we won't argue over conversion factors please. I'm doing this to learn about the communities surrounding cryptocurrency. Please hang with me as I learn about the process. Once I get my collection filled, I want to figure out a way for other people to do the same. If you just want to donate to the cause, that's obviously great too. Collection Thus Far
What are the issues with faster block generations cryptocurrencies?
So Satoshi Nakamoto came up with 10 minutes interval between each block for bitcoin. The main issue is how slow it is to confirm obviously fully a transaction. So come later Litecoin with 2.5 minutes, but hey, that's still slow. So more and more have come up, and one of the latest I've seen is worldcoin for example with 30 seconds block time and 60 seconds for safe confirmation (according to them). If that's so simple as reducing the block time, why did Satoshi didn't use 30 seconds or 60 seconds initially? Wasn't it to make sure the transactions have time to spread in the peer to peer network? Has anyone done some experiment on how those short time cryptocurrencies appear to behave with high traffic, or more specifically with the double spending issue? Thanks in advance for your input
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'Fake Bitcoin' - How this Woman Scammed the World, then Vanished
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