Virtual Currency - Alt Coin Discussion Thread - Page 3 - Business, Finances and Investing Forum

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12-03-2013 , 03:13 PM

#51

TomCollins

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Join Date: Jul 2003 Posts: 43,064

Quote:

Originally Posted by LozColbert

the perfect coin would be a CPU coin that somehow thwarted ASICs

Yes a coin that could be taken over by a botnet for a few hundred thousand dollars is vastly superior to one that requires multi-milliondollar investment.

Quote

12-03-2013 , 07:16 PM

#52

Dutch101

veteran

Join Date: Jun 2010 Posts: 2,030

Quote:

Originally Posted by LozColbert

the perfect coin would be a CPU coin that somehow thwarted ASICs

Too bad it is impossible because no matter what algorithm you think of I can implement that faster in an ASICS than a PC CPU. How much faster depends on the algorithm but that just moves the price point where ASIC's become viable.

Quote

12-03-2013 , 07:24 PM

#53

LozColbert

Pooh-Bah

Join Date: Jul 2004 Posts: 3,646

yeah, i know. but i think that a crypto that makes mining widely accessible has a huge advantage.

Quote

12-04-2013 , 12:27 PM

#54

Gullanian

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Join Date: Dec 2006 Posts: 14,014

Can anyone help me sell my ripple for btc? Have read a bit more about them and want to dump them.

I got Bitstamp's address in my address book as rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B

I click trade, and make an offer. But what I'm nervous/unclear about is where do my BTC appear once the order is accepted?

Also stupid noob question, am I listing "Price of Each" roughly around the bid or ask price? I keep overthinking this and end up getting confused lol!

Quote

12-04-2013 , 02:29 PM

#55

TomCollins

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Join Date: Jul 2003 Posts: 43,064

Quote:

Originally Posted by LozColbert

yeah, i know. but i think that a crypto that makes mining widely accessible has a huge advantage.

Compared to other junkcoins or a bigger one like Bitcoin or Litecoin?

Quote

12-04-2013 , 04:21 PM

#56

theplux

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Join Date: Dec 2006 Posts: 3,506

and we're back to 45$ with LTC

Quote

12-04-2013 , 05:53 PM

#57

2+2=5

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Join Date: Sep 2008 Posts: 3,540

dayum, and it's not even at gox and btcchina yet. imagine the rocket lauch when LTC get's listed at those exchanges.

Quote

12-04-2013 , 05:55 PM

#58

2+2=5

Pooh-Bah

Join Date: Sep 2008 Posts: 3,540

http://www.cryptocoinsnews.com/2013/...mpany-limited/

cliffs? I'm to lazy to read atm

Quote

12-04-2013 , 05:56 PM

#59

sangaman

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Join Date: Aug 2007 Posts: 9,883

Quote:

Originally Posted by Gullanian

The liquidity on the bitstampBTC exchange is pretty terrible last time I used it. Where you decide to place a limit ask is up to you. If your order is fulfilled, you get bitstampBTC on Ripple. You can deposit into Bitstamp with those through the ripple deposit option on Bitstamp, they'll give you a ripple address to send them to. Then you'll have BTC on Bitstamp which you can withdraw normally.

Alternatively, you can just sell the XRP to someone who you'd trust to send you the agreed amount of BTC in return. I bought ripples a few times through bitcointalk.

Quote

12-04-2013 , 06:10 PM

#60

2+2=5

Pooh-Bah

Join Date: Sep 2008 Posts: 3,540

Quote:

Originally Posted by 2+2=5

http://www.cryptocoinsnews.com/2013/...mpany-limited/

cliffs? I'm to lazy to read atm

dayum. lol. fake

Last edited by 2+2=5; 12-04-2013 at 06:18 PM. Reason: or not?

Quote

12-04-2013 , 06:16 PM

#61

TomCollins

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Join Date: Jul 2003 Posts: 43,064

Quote:

Originally Posted by 2+2=5

dayum, and it's not even at gox and btcchina yet. imagine the rocket lauch when LTC get's listed at those exchanges.

You do realize that there is an insignificant amount of work to go from BTC to LTC, and Gox and BTCChina accepting it would only be hype rather than anything else?

Is there anyone in the world who wants to buy LTC, can get money to Gox or btcchina, but isn't buying it right now?

Quote

12-04-2013 , 06:20 PM

#62

2+2=5

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Join Date: Sep 2008 Posts: 3,540

I do realise that it's gonna rise only because of hype if it gets listed on gox and btcchina, yes.

Quote

12-04-2013 , 08:08 PM

#63

ScreaminAsian

For President

Join Date: Oct 2008 Posts: 33,333

do both of you guys even realize what else was built entirely on hype? the united states of america. in 1776 some british *******s were probably like "wtf? america? no, our piece of paper is the true piece of paper, their piece of paper isn't worth the piece of paper it literally exists as"

so am i wrong to think i'm buying bitcoin and litecoin and alt coins as if i'm buying property in startup nations on the new world? hoping to cash in on some kind of louisiana purchase one day to help fund my war to conquer europe?

Quote

12-04-2013 , 09:57 PM

#64

LozColbert

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Join Date: Jul 2004 Posts: 3,646

does Bitcoin have an army?

Quote

12-04-2013 , 10:56 PM

#65

2+2=5

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Join Date: Sep 2008 Posts: 3,540

Quote:

Originally Posted by LozColbert

does Bitcoin have an army?

we could sponsor it if it get's high enough

Quote

12-04-2013 , 11:17 PM

#66

LozColbert

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Join Date: Jul 2004 Posts: 3,646

will it be so motivated to work for free while living through Valley Forge?

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12-04-2013 , 11:35 PM

#67

theplux

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Join Date: Dec 2006 Posts: 3,506

we could buy North Korea's army

Quote

12-04-2013 , 11:46 PM

#68

theplux

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Join Date: Dec 2006 Posts: 3,506

Quote:

Is there anyone in the world who wants to buy LTC, can get money to Gox or btcchina, but isn't buying it right now?

Not sure what's your point here...

Quote

12-05-2013 , 01:03 AM

#69

steelhouse

banned

Join Date: Feb 2007 Posts: 6,109

Quote:

Originally Posted by LozColbert

Does Bitcoin have an army?

No but it could. I imagine secret societies popping up. The Dutch East Company was basically the 1st stock and it had an army. The coin to watch is Nxt.

Quote

12-05-2013 , 01:57 AM

#70

LozColbert

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Join Date: Jul 2004 Posts: 3,646

Color me skeptical. Libertarians are passionate, but rarely militaristic. And mercenaries are never the same.

Quote

12-05-2013 , 09:32 AM

#71

Gullanian

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Join Date: Dec 2006 Posts: 14,014

Quote:

Originally Posted by sangaman

Thanks! Much appreciated

Quote

12-05-2013 , 09:48 AM

#72

TomCollins

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Join Date: Jul 2003 Posts: 43,064

Quote:

Originally Posted by theplux

Not sure what's your point here...

The point is any bump from an exchange allowing you to buy LTC will be temporary and all psychological.

Quote

12-05-2013 , 01:16 PM

#73

theskillzdatklls

Pooh-Bah

Join Date: May 2008 Posts: 4,919

Could anyone in the know give me a brief explanation as to why owning namecoins is worth anything and whether or not the abandoned project likely has any future? Would appreciate, ty!