Dogeparty why. Block 600,000+: 10,000 Dogecoin Reward. Might be a fun little coin to lose your money on at least.

The reality is create a coin 1 BTC = 1000 CCC - Capital Currency Coin, where capital is something like Coca Cola stock. Use the dividends to delete CCC, maybe 5% to support the CCC foundation. Allow people to exchange for 3 years. Hire Gavin Andresen to run CCC foundation.

Coins should be independent from each other. Coins using other coins blockchains is just going to create a bloated chain.

If a dogecoin was a large as bitcoin and only owned coca cola stock, it would be large enough to change the coca cola logo to the doge.

The backstory is that this was written when Bitshares posted about trying to get part of Ethereum's genesis block in return for DPOS. The author is a securities lawyer in the UK who likes Ethereum and wanted to argue against Bitshares.

With all that said, I think most of the blog post is spot on.

also been watching this small but promising project, greenbacks: http://www.greenbackscurrency.com/site/

they are going to get their crowd funding site online today or tomorrow i think:

they are already making a poker client, so that's something we'd all love.

source: https://bitcointalk.org/index.php?topic=740744.1520

This was obvious the second anyone came out with such ideas. These pegs have no reason to actually be pegs.

Create a coin with 50,000 units, something you could cover it you absolutely had to. Imagine they are worth $1 each. Create a sell order for 50,000 at $1.10, create a buy order for 50,000 at $0.90. The coins will always be worth more than $0.90. If you actually control a 1,000,000 supply everytime it goes above $1.10 sell. Everytime it goes below $0.90 buy. no risk to you.

As hard as I find it to believe that this charade continues, if anyone still wants to purchase ETH for half what the Ethereum team are charging, I would encourage you to speak to Mircea Popescu.

If you think that Vitalek will deliver on time, it's a no brainer.

in case you guys are interested.. this seems to be the hottest altcoin right now: https://bitcointalk.org/index.php?topic=661885.0



things are looking up for the project.

How they are pegging this, I have no idea. Just seems like it's going to collapse.

opinions on what will happen to the value of dogecoin? I read the thread and it seems like all of this stuff is just pump and dumps.... Asking because *********** has tons of freerolls that pay out in 1,000's of dogecoins and im just wondering is worth my time playing.... i know right now each dogecoin is worth 0.00023$ right? ...... any chance the value is worth 5x+ down the road?

This is like saying get 50,000 pieces of grass. Arbitrarily decide they are worth $1.00 each. Sell them if anyone offers above $1.10. Why would anyone offer anything for this worthless commodity?

At first there was only bitcoin. All of sudden there is a coin for every word in the dictionary?

Sounds like another major ponzi scheme is taken place. I'd sign up if I knew which one of them was gonna be the next bitcoin, but with so many players trying to be the next bitcoin, wouldn't it just be a matter of time until they all become worthless?

This has pretty much been the case from the start. Especially the ones that have no real advantages. Some of the coins have slight differences (mostly insignificant technical details) that can make morons think they are actually better in some way (LITECOIN! FASTER CONFIRMATION TIMES!), but they are pretty much universally junk and you are trying to find one that you can pawn off on the next fool before they run out of fools.

Boom, down 66%.

why are you spreading FUD against these pump and dumps?

http://blog.bluemeanie.net/2014/10/n...tolen-nxt.html

Why are you posting that? Bluemeanie is a scammer who stole 1million Nxt and then tries to deflect that fact by posting accusations everywhere. I don't think any person or any facts supports his side of the story.

http://cointelegraph.com/news/112643...ng-1000000-nxt

what's up with ripple?

plus that volume. looking good...

I loaded up on ripple at .006 when I saw it breaking out of a long term sideways move. I've been doing some reading since then and there really isn't anything concrete on any news or anything.

I actually do like ripple as it's different then all the other coins as it doesn't require mining. Mining is just not sustainable in the long term for a coin. Every time something like BTC goes up.. millions in BTC are dumped on the market to buy more miners and pay for more electricity each month. The miner producers are the ones making all the money.

Everyone always calls ripple a scam because the creators basically gave themselves like half of all the XRP. It really seems to piss everyone off. However, in the long run, who cares if some people got rich right off it. Why are people not bitching that miner producers are essentially like the creator of ripple? Some guy makes billions by creating snap chat or something.. do they not deserve it?

Ripple's orderbook can be SUPER thin. Even $10k worth can move it like 30%.

ripple is a centrally managed company. it is absolutely fine to invest in ripple/xrp. it may be very useful to the economy.

however, ripple is not a decentralized currency, "for the people, by the people"...

bitcoin miners providing a secure transaction network via provable work in fair competition are not the same as the ripple board deciding to increase their market cap... just because...

to equate them is non-sensical.

I was asked to post here instead of the bitcoin thread, even though it technically belongs there:

Ok at first we are going to argue, but understand a years worth of prep went into this and there is a plethora of supporting documents. I'll I am asking for is a conversation to put up the hypothetical idea of a universal players coin, it is not an "alt-coin" in the sense of having its own network but simply a finite counterparty asset:
https://www.scribd.com/doc/247233585...l-*************
I know there will be a lot of arguments and questions but rest assured that have all been dealt with, we just all need a chance to have the discussion. I wonder if we know what a counterparty asset is?

This poster proposed a list of bitcoin sites create their own network: http://forumserver.twoplustwo.com/sh...1&postcount=70

What we simply propose (http://forumserver.twoplustwo.com/sh...ostcount=15766) is the players adopt their own universal coin, and then we "force" sites to join OUR network by having a more coherent "voting" force. Because of the more efficient network the coin does in fact have an intrinsic value, and it doesn't not work if we simply use bitcoin.

This is the power of bitcoin 2.0 technology and I think some of us, rather, think that it is "magic".

Is it worth $40 mil a month to have "bitcoin miners providing a secure transaction network via provable work in fair competition"?

Easy answer... NO.

Also saying it's a fair competition is like saying it's fair if I try and play basketball against Michael Jordan in his prime. Not everyone knows how to design and make an efficient asic chip, therefore all the money goes to the people that do. The other 99.99% are left in the dust. So it is FAR from decentralized.

Yes its fair, MJ worked extremely hard to get to where he was, harder than you could dream of or could be possibly willing to do so yourself. He earned it.

The process you describe is the evolution towards what you call "decentralization" but its not quite what you think it means.

I want you to look at these two statements:
And tell me what this implies for Ripple's actual value. Hint: they're not rich until they sell it. It's not about what they "deserve" or not.

The same thing could be said for BTC. There order book is much larger, but on a relative basis, what happens when someone sells 30k coins on the open market. That's a 10 mil order, but could easily cut the price of BTC by 30-50%. So say you cut it 30%.. with a market cap of $5 bil.. you drop the market cap by $1.5 BIL with a 10 mil order.. what does that say about the true value of BTC?

Same goes for if you tried to buy 30k coins on the open market.. you would run the market cap up a billion or whatever.