to Cryptocurrencies: LTC, the most famou Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto! The LTC we are going to talk about today is Litecoin, one famous “altcoin”. Why is it called “altcoin”? That’s because it is a copy of BTC, sharing the same technical implementation principle. Legend even has it that “if the Bitcoin is gold, then Litecoin is silver.” However, what makes LTC stand out from many other altcoins? Let’s take a closer look. In early years, the popularity of BTC brought about a large number of “copycats”, which sprang up like mushrooms. Only a few of them have survived. As of now, there are at least 30 altcoins around the world, such as the Litecoin, Primecoin, Biocoin, Ripple, ZCC Coin, and Megacoin. Among them LTC took the lead as the most famous altcoin. The creator of LTC is Charlie Lee, a talent who graduated from MIT and used to work at Google. Inspired by BTC, he designed LTC in 2011. Although LTC technically has the same implementation principle as BTC, both its creation and transfer are based on an open source encryption protocol, free from custody of any central authority; however, it is different from BTC in that it enables efficient “mining” and faster transaction confirmation even with consumer-grade hardware (2.5 minutes on average). It is said that the LTC network is expected to produce 84 million monetary units. An “altcoin” as it is, LTC has its own mission and purpose, which is to improve BTC. Moreover, LTC is considered as “the cryptocurrency that has most successfully improved Bitcoin algorithm.” Compared with BTC, LTC has three significant features:
The LTC network can process one block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation;
The LTC network is expected to produce 84 million LCT, four times the amount of BTC;
LTC uses the scrypt encryption algorithm first proposed by Colin Percival in its proof-of-work algorithm, which makes it easier to mine LTC on ordinary computers than BTC.
In other words, compared with the cryptocurrency system of BTC, LTC has faster transaction confirmation, higher network transaction capacity and efficiency. Therefore, LTC was able to stand out from many “copycats”. Some BTC players once said: “If you can’t afford Bitcoin, try Litecoin.” The BTC rush has attracted many, and its counterparts, i.e. these “altcoins” represented by LTC, have gone viral as well. According to data from overseas media, the low price of LTC has made China the largest market for LTC transactions. CoinEx, a world-renowned digital asset trading service platform, supports LTC trading, attracting numerous investors to gain wealth. Charlie Lee, founder of LTC, once liquidated LTC in December 2017, “a crazy action” as it was known in the field. He suggested on social media that he had sold and donated all his own LTC yet without providing more details on the quantity and price of the sale. At that time, LTC took on a clear upward momentum as its price once soared to $ 375 before Charlie Lee’s liquidation, an increase of 7000% compared to the beginning of the year. Some investors have wondered if it was because Charlie Lee had lost confidence in the future of LTC that he decided to quit. After his liquidation, both LTC and BTC slumped in 2018, sending the cryptocurrency market to a recession. After the liquidation of LTC, Charlie Lee suggested in an interview that he “regrets selling all Litecoin” because the selling price at that time was lower than the highest level in history in the short run, but he still believed that was a correct decision in the long run. He also mentioned that he would leave this industry after LTC’s success. In what direction will LTC go in the future? Stay tuned. If you have any idea, please follow CoinEx and let us know. About CoinEx As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment and has obtained a legal license in Estonia. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world. CoinEx supports perpetual contract, spot, margin trading and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian. Website: https://www.coinex.com/ Twitter: https://twitter.com/coinexcom Telegram: https://t.me/CoinExOfficialENG
One cannot deny the fact that cryptocurrencies are the new future. The world is a live witness that paper money is losing its value and Digital coins are taking over. In this era where internet is the king everything is going digital be it banking, insurance or Currencies. B4U offers the Buying, Selling andExchanging of Cryptocurrenciesat Affordable Rates The business tycoons of the world are the biggest advocates of virtual currencies and they are making sure they are investing in it. Elon Musk has almost verified that paper money is on its last legs and is losing value and the founder of Twitter is making sure he is investing a great deal in digital coins. The Fascination is real. The charisma is real. Common men, middle class men or elites are in digital currencies grip and it’s almost certain that these currencies are going to be the talk of town for a very long time. There are many types of crypto currencies which one can find in the digital market like Bitcoin, Ethereum, Litecoin, Namecoin, Peercoin, Dogecoin, Gridcoin, Primecoin, Bitcoin cash to name a few. The most famous among them are Bitcoin (BTC) they have been the talk of town since their inception in 2009. It’s creator Sotoshi Nakamoto has an ambiguous identity but the coins are very famous. They have gripped the entire nation since their inception and they are soaring high with every passing day.
Save money in the Exchange of Bitcoin at Kuala Lumpur
The value of one BTC is $3,980 but the local exchange will sell you BTC in a much higher price and in case you have few BTC with you and you want to swap them with your local currency which is Ringgit the local exchange will charge you for it via taxes so what’s the way out? You have some digital coins in your pocket and you want to trade them for local currency but what about taxes? How can one evade them? Well there definitely is a way out and that way out is offered by the reputed B4U. They have the Bitcoins ATM machine installed and from there you can business your virtual currency without concerning yourself about taxes. You won’t have to pay much and your BTC will be exchanged too.
B4U offer the best deals for the exchange of Bitcoin in Kuala Lumpur
B4U is reputed to have executed hundreds of successful deals in the buying, selling and exchanging of digital currencies. If you want to buy BTC or any other digital currency that option is available here. If you want to sell or swap your virtual currencies that option too is available here. We have the best deals available for our valued customers and we don’t charge them much. With B4U it’s very easy to be the owner of Digital coins and if you want to disown your coins it’s OK B4U will exchange them in your local currency as well. The best place to get your BTC Exchanged in Kuala Lumpur We are well aware what happen in exchanges. When we get to them to buy, sell or exchange our digital coins or tokens they charge us the heavy fee and not just the fee they try to invade a lot in our privacy. These are just some issues, there is one other problem at local BTC exchanges and that is mostly they don’t give us the option of having our crypto currency changed into local Currency but you don’t need to fret. We know of a place where the BTC can be exchanged into Local ringgit without much tax. This place is B4U and we have what you want. B4U will give you Ringgits for your coins without botheringyourwith the unnecessary taxes
Exchange your virtual currencies into local currencies
The best thing about B4U is if you have Bitcoins or any other virtual currency in your wallet that can be exchanged into all the other currencies. If you are in need of dollars we can give them to you in barter of your crypto. If you need pounds, rupees or any other currency B4U has that option available and you can avail that by trading your crypto with us. We have vowed to make it all easy for our valued customers so if you want the best deals in virtual currencies you can have them from us.
A Golden chance for investors! Invest in virtual currencies
Things are changing rapidly in today’s era. Things which were the sensation a year ago have been replaced with newer addictions. It seems like yesterday when Facebook was the sensation in social media but now things have changed since Instagram has taken everyone in its grip. Paper money was once a great deal. We have lived with it all our lives but since the inception of internet things have changed, now its the era of crypto. Cryptocurrency are taking everyone into its storm and it is visibly taking over the paper money. First credit cards mocked the value of paper money now its the crypto. Virtual currencies are the sensation because of one more thing, there is a chance of profit in it. For instance if you buy one bitcoin for now you will get it in $3,980 but months later its value will double or even triple so in case you intend to sell your cryptocurrencies after few months you will earn a huge profit out of it. There is a reason why the world is going gaga after digital coins, they create the chance of earning huge profit out of them. Bitcoins and Ethereum are clearly taking the lead. Back then when they came into the market they were cheap but now you can’t have them unless you have enough cash with you. You shouldn’t buy the crypto just because everyone else is buying it, you should buy it because they can generate the revenue for you. B4U has the best deals available and if you want to make a profit in cryptocurrencies it’s the right place to come to in Kuala Lumpur, Malaysia.
The ATM Machine will save you a lot of Trouble
Local Exchange are everywhere in Malaysia. The buying, selling and exchanging of crypto currencies are possible at a lot of places but there is a place which has an edge over other exchanges. This place is the ATM machine in B4U. With the availability of ATM machine in Kuala Lumpur it’s a lot easier for the people of Malaysia to have crypto in their access. While the local exchanges will charge you the heavy fee in the buying and selling of virtual currencies the ATM won’t charge you much. You can have your desired coins from the machine after inserting cash. The machine won’t invade your privacy and the method is pretty quick as well. You get a receipt 20 minutes later after inserting your cash. In the exchanges usually there is so intense an interrogation that a customer feels offended but when you know that you have all the keys in your own hand that you will just have to fill up some of your info with the cash then there is nothing to worry about. B4U ATM Machine on google map Customers like the things which are easy to operate and the ATM machine installed in B4U can be operated by a layman as well. As we all know it’s the era of digital currencies. Only that one is successful in this age who is investing in the right place. So invest in crypto because it promises a great future. More Articles about B4U ATM Machine
B4U offers the buying, selling and exchanging of cryptocurrencies at affordable rates. The ATM machine installed in B4U can be used to buy, sell and exchange the virtual currencies. Be in touch with us and secure yourself a great deal.
https://forkdrop.io and follow us on Twitter https://twitter.com/forkdrop We are at: 73 Bitcoin Forks/Airdrops, 19 Altcoin, 13 Historic. 79 exchanges tracked * Added yellow flag warning to Monero Original (XMO) and Monero Classic (XMC) for being the same blockchain as another. At present, moving coins on one moves coins on the other. * Added new planned hybrid fork Bitcoin Prime (BPR) - promised to be forking from Primecoin at a TBD date with an additional 1:1 airdrop for BTC holders * Added new planned hybrid fork Anonymous Bitcoin (BTCA) - promised to be forking from ZClassic on September 9th with an additional 1:1 airdrop for BTC holders * BtcTrade.im added Lightning Bitcoin (LBTC) deposits - was previously trading trapped coins. * Added record for SAFE (SAFE) deposit and trading at BtcTrade.im not previously tracked * Bitpie Wallet now supports BitcoinX (BCX) * Added more complete details for Big Bitcoin (BBC) - bitcoin_fork_claimer now supports it * Marked Bitcoin Clean (BCL) as now live (bitcoin_fork_claimer now supports). Also added yellow flag it appears to have problems with replay protection as discovered by u/ymgve * Marked Bitcoin God (GOD) as now live as bitcoin_fork_claimer now supports it and found a node somewhere * bitcoin_fork_claimer now supports New Bitcoin (NBTC) * Added 688ex.com, Bitbitx.com, KTrade, Bithuex exchanges - appears to support Big Bitcoin (BBC) but we had trouble either creating an account and finding functional dialogs for depositing coins * Added coin916.cc exchange which appears to support deposits and trading for Big Bitcoin (BBC), Bitcoin Cash (BCH) and Ethereum Classic (ETC) and we had no trouble registering. Appears to not require KYC other than providing a name and ID card number. * Added red flag warning to coin916.cc exchange since multiple people reported not getting any balances of Big Bitcoin (BBC) credited after depositing. * Moved ABitcoin (ABTC) to Historical section since the registered airdrop is over. Also, the project rebranded to ABitchain. * Now tracking eInc (ETI) - also known as Ethereum Inc. This is an Ethereum fork with a 1:1 ratio but also fairly hefty premine and an additional crowdsale. It has been know for a while, but there is a lot more information now. * Removed the Registered Airdrop classification to BitCore (BTX) since their last airdrop has now completed. Since passive BTC holders were credited it will permanently remain on our main listing as a passive airdrop. * Added Systemkoin exchange. KYC required, trades Bitcoin Private (BTCP), Bitcoin Gold (BTG) and Bitcoin Cash (BCH) against BTC, and Turkish lira * Added new basic fork: Smart Bitcoin (SBC) - 1:1 fork on 2018-04-20. Different than previous Bitcoin Smart (BCS) fork from a while ago. * Bitfinex added Bitcoin Interest (BCI) deposit and trading support. WARNING - this coin still has replay protection issues with Bitcoin Gold (BTG) * Added Crex24 exchange, strong KYC does not appear necessary for withdrawal. Deposit and trade or Bitcoin Diamond (BCD), Bitcoin Gold (BTG), BitCore (BTX) and Bitcoin Cash (BCH) * Added Bitibu exchange - KYC not required for withdrawal. Deposit and trading for BitCore (BTX), Bitcoin Atom (BCA) and Bitcoin Gold (BTG). * Added Braziliex exchange - KYC required for signup. Deposit and trading for Ethereum Classic (ETC), Bitcoin Cash (BCH), Litecoin Cash (LCC) and Bitcoin Gold (BTG) * Added CoinW exchange - KYC required, Deposit and trading for Bitcoin Diamond (BCD) * Added coinmarketcap link for Bitcoin Interest (BCI) and added the price feed from coinmarketcap on our main page. * HitBTC added Bitcoin Private (BTCP) support for deposit and trading
Abstract Merged mining refers to the concept of mining more than one cryptocurrency without necessitating additional proof-of-work effort. Merged mining was introduced in 2011 as a boostrapping mechanism for new cryptocurrencies and countermeasures against the fragmentation of mining power across competing systems. Although merged mining has already been adopted by a number of cryptocurrencies, to this date little is known about the effects and implications. In this thesis, we shed light on this topic area by performing a comprehensive analysis of merged mining in practice. As part of this analysis, we present a block attribution scheme for mining pools to assist in the evaluation of mining centralization. Our findings disclose that mining pools in merge-mined cryptocurrencies have operated at the edge of, and even beyond, the security guarantees offered by the underlying Nakamoto consensus for extended periods. 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/r/Tezos subscriber count is ranked #47 out of 96 on my list of crypto related subreddits
I maintain a list of subscriptions over time for all the largest crypto subreddits i can find. (does anyone else know of a similar list?) Any big pop in price is preceded and/or coincides with a big jump in subscribers. /Tezos sub rate is basically flat, sorry to say. I can post the python code i use to collect subscriber count if anyone is interested.
I know everyone is obsessed with getting on big exchanges and shit but getting listed on FaucetHub would be awesome as well, because
It's very popular in South Asia, and VTC needs that eastern visibility
Would highly increase the amount of Vertcoin transactions, since there is more than 1 million members
Would bring more general interest into checking the project, website, downloading the wallet
People tend to be more interested in altcoins faucets instead of BTC because they can get more units of a coin, and with the current price of VTC, people would get a nice amount of VTC sats per claim.
Currently they support Bitcoin, Ethereum, Litecoin, Dogecoin, Bitcoin Cash, Bitcore, Blackcoin, Dash, Peercoin, Primecoin and Potcoin (the last one added). Do any of you have any info on how to get listed there? If we need to pay a fee or something.
[serious] About reddit, dogecoin, doges.org and our future
hi everyone, AS THE POST IS BIG, IMPORTANT THINGS ARE BOLDED, SO YOU CAN HAVE A SNAP SHOOT BEFORE READING IT ALL I'm new here. I mostly hang around in the IRC channel. I come to talk about something that seems not important, but IT is VITAL for the existence of dogecoin, and to our space travel to the moon. Much has been said this month. Merged mining, FUD, problems with the mining model, etc, etc. Also, we have seen a big price drop, so many people here, including me didn’t like that very much, as we are also investing in dogecoin in the long run. All this things caused bad feelings, anxiety and all sort of shit. We need to keep united, as one, as real shibes do in the moments of difficulty. So, I want to talk about many things. About the dogecoin price, how the market is manipulated, plans for the future and etc, but mostly, I want to talk about reddit and why, in my view, we need urgent a forum for the dogecoin community, like bitcoin has bitcointalk.org. Look, DON'T get me wrong. I loooove all of you shibes, the people here on the reddit website is really amazing, you guys rock. You guys rock so much, that I bought millions of dogecoins, as I was excited by this wonderful and vibrant community. The problem is not the dogecoin reddit members, the problem is reddit as a software itself. I will explain better. Reddit is not a forum, it's like a news, hot topics website. On reddit, quality posts that are on the homepage get lost in less than a week, as our fellow shibe says here also http://www.reddit.com/dogecoin/comments/23vhld/this_sub_is_not_friendly_to_newcomers_its_a/ so basically, REDDIT WAS GOOD in the beginning, because it was easy to fill up the homepage(a lot of us are web developers and we know how internet marketing/promotion works), but now, this thing is going against us, because all quality posts are getting lost! This, in the long run, can be a real problem, we are losing hundreds of thousands of good quality text, because our community is based on reddit. another point that i want to make is, by being a sub on reddit, we are vulnerable to all sort of voting/posting manipulation from other reddit members, that are not necessarely a dogecoin community member. this may sound a bit paranoid, but is well known fact, that because dogecoin became so popular amongst the crypto currency world in general, it is attracting a LOT OF HATE, a lot. All the creators of the older coins, like litecoin, primecoin, peercoin, not to mention the new ones also, like blackcoin, etc, etc, are like, wtf? this doge comes from nowhere and....So, in face of all this, I say we need our own place in the internet, we don't need to be a sub any longer. We are doge,we are big, we deserve more than this. Another thing that i have against reddit, is this voting system.I mean, is cool somehow to have 1(one) or 2(two) hot topics from the dogecoin community, in the reddit homepage, like a fundraising, something special. But, c'mon, should we vote all posts that are made? we have to keep voting, keep voting, keep voting...cmon! we have better things to do! we are losing precious time with this voting thingy, we should be concentrating our efforts in how to spread the voice about doge, how to make the community bigger, etc, etc. Another point i want to make, is that we should observe the success of others, and "copy" the good things of them. Let's take bitcoin, as an example. Bitcoin is very successful indeed and I have to say that the forum bitcointalk.org has played a big, huge role on that success, without that forum, bitcoin wouldn't be the same. If you browse that forum, you will find how the members of the community easily interact and are able to build an "ecosystem", a lil world of its own. Some people may say, "hey! we have a forum already! doges.org." no, that is not ok. doges.org wasn't made with jackson or billy consent, and that, in my view is a big lack of respect. Satoshi nakamoto, the creator of bitcoin, was actively posting on bitcointalk.org since the creation of it. In my view, the forum we need, is an official one, one that jackson and billy are there with us, like they are here, on reddit. And just to make things worst, i found out today that a certain moderator from doges.org is a WELL KNOWN THIEF/SCAMMER, nickname Drexme. They say that the site was sold now to the usenickname Dogedealer, but nobody knows who is Dogedealer, could be connected with Drexme, which was the previous owner, actually they could be the same person. The fact remains that Drexme is still a mod at the doges.org, and that is really bad. And to make things really, really worst, along with the new “design” that dogecoin_com received, doges_org is now listed in the homepage of dogecoin_com…Cmon Jackson, are you going to let a well known scammer be the owner of the main forum of our community? this must be a joke… We need to convince the creators of Dogecoin to host a copy of Simple Machines(open source forum software). It can be even a subdomain, we don't even need them to spend money with registering a new domain. It could be: forum.dogecoin.com. That would be the perfect solution, IMHO I'm NOT saying we should "terminate" with the reddit sub. We can still keep the reddit "sub", but really, as a sub. keep it, as it supposed to be. to "re edit" HOT topics from the dogecoin community (perhaps from the best posts from the official forum and other sources, etc). I know the veteran reddit users don’t like much this when i say it, but the fact remains that dogecoin needs its private forum. I want to talk a lot more in the future, about the price manipulation that is going on right now and also a lot of other ideas i have to make our community stronger and make us the number one crypto currency in the world, but right now, i think i will just stick to this forum/reddit/community area issue, as I see critical, perhaps i will talk about the other topics at forum.dogecoin.com? i HOPE SO :). give me your feedback, we really need to discuss this with everyone, including the creators of dogecoin. Please, don't let this post die, be forgotten or end up in the oblivion. If you like what you read and you agree with me, keep this topic alive, speak with other shibes about it, idk, do whatver it takes to acomplish this mission. I personally won't give up, WE ARE SHIBES, WE ARE BIG, WE ARE ONE.
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CMV: Anyone Who Believes Vertcoin's Price Will Increase Once Powerful Scrypt ASICs Come Out Doesn't Understand Demand-Side Economics
I see plenty of people speculating that Vertcoin will explode in value once Scrypt ASICs come out. I personally feel otherwise. The Adaptive scrypt-n and Kimitos Gravity well only appeals to miners-the producers. It does not appeal to many people wanting to buy. We will certainly see a lot of miners moving to Vertcoin once their huge GPU farms cannot profit when competing against 200 MH/s ASICs. Now, with a cryptocurrency it is a little different because quantitative supply is static-more people mining it only reduces the amount each person gets. But more people will likely be selling mined Vertcoins as they are desperate to pay off their investment in GPU farms. So the effective supply would be higher due to increased pressure to sell by new miners.They will be willing to sell at any price as long as they can pay off electricity- any less, and they will stop mining and sell off their video cards. But what people seem to fail to understand is that supply does not drive demand. Unless Vertcoin does something to appeal to others besides miners, there will be no increase in demand. All we will see is an increase in supply(due to more being sold, the actual "supply" is static, but the traded amount would increase), no increase in demand. This would lower prices. The people with dozens of video cards aren't looking to buy Vertcoin, they're looking to mine and sell it to make a quick buck. There is NO increase in demand resulting from this. Just look at Primecoin, mining that is horribly unprofitable. While AFAIK its only mineable by CPU, without free electricity you're mining at a loss even on a nice I7 CPU. This is a related example of how supply of a crypto-currency does not drive demand. It does not matter how "fair" or "useful" the mining is, if no one has any reason to buy it in the first place. We can continue to advertise about how great our coin is, and pressure merchants to accept it, but we won't get anywhere. It just doesn't compete with the age of Bitcoin, the culture and size behind Dogecoin, or the size behind Litecoin. We need to do something big that appeals to everyone, and makes us the next big thing. ASIC resistance should just be one of our big perks. Without demand, the coin is worthless.
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Next Generation Online Store. You can find a thousand items for each of you at a very affordable price compared to all other sites. You can shop with your favorite cryptocurrency. Every day, more and more products are added to make the site big and accessible to any visitor looking for something he can not find anywhere else. Free delivery anywhere in the world. You can use all of the following currencies: Bitcoin, Bytecoin, UltraNote, Dogecoin, NAVCoin, BlackCoin, Litecoin, Ethereum, DigiByte, Audiocoin, CureCoin, BitcoinCash, Dash, Monero, ReddCoin, Primecoin, Emercoin, Zcash, Crown, BitBean.
1- Primecoin is the First non Hash-Cash PoW Crypto-Currency.
"Primecoin is the first to show that a proof-of-work algorithm could exist to compute things other than cryptographic hash functions."
2- Naturally Scarce
Primecoin is naturally scarce (not artificially) -no hard limit and this is crucial for its long term continuity and its ability to adapt to market conditions.
According to the last estimations, the total supply is going to be ~55 Millions XPM. (peercointalk.org) You don't have to worry about inflation, neither facing blunt deflation (encountered in bitcoin/litecoin)
3- Very fast confirmations - 1min/block 4- Elastic supply
ING economist: "A bitcoin algorithm needs to be developed that smoothly matches money supply & demand"
This is hard-coded in Primecoin: difficulty going down gets corrected upwards because miners are encouraged to mine, having more reward subsidy.
When difficulty is dropping (i.e. miners leave the network), reward-revenue is recalculated upwards so that they come back in, ensuring the network security elastically vs price bumps.
5- Primecoin is sustainable
"Primecoin does not use a fixed cap money supply model like bitcoin as described in the primecoin paper, instead its mining output is associate with Moore's Law. It should have much slower drop of mining subsidy than bitcoin in the longer term (10+ years) thus much less affected than bitcoin in terms of risk of low security level. If Moore's law stops at some point then primecoin block subsidy would become relatively constant, rather than tending to zero as in the case of bitcoin (note though primecoin inflation rate is still tending to zero)."
"When the proof-of-work mint rate approaches zero, there is less and less incentive to mint proof-of-work blocks. Bitcoin is insecure."
"Primecoin has still good scarcity property similar to gold while network security is maintained without the need to raise transaction fee."
"Long-term bitcoin security relies mainly on transaction fees. Primecoin realistically would continue to have some subsidy long term, so is less reliant on transaction fees for security."
6- Primecoin is currently the “fairest” coin to mine
"The Primecoin algorithm is ASIC/FPGA hostile, and even GPU mining is not economically viable at the moment. While it is certainly possible to create specialized mining equipment, it is far more difficult and expensive to develop chips for high speed modular arithmetics. In contrast to SHA-256/Scrypt mining, those chips would also be multi-use and could be applied for other purposes after the next generation hits the market. In a sense, Primecoin is currently the “fairest” coin to mine, as it is purely CPU/GPU based. [...] Besides this, Primecoin already offers a number cloud mining providers, which inevitability will be the final stage in the specialized-mining-chip-race. For example, ASIC supplier KnCMiner recently announced not to produce mining rigs for household use anymore, as non-industrial grade power supply is not sufficient."
7- Primecoin can introduce new participants to the new digital economy
"In a Free Market, there's Free Will (and Creativity) as driver for Actions - and fundamentally Primecoin (almost philosophically) provides us with the ability/choice of applying our Ingenuity on Mining."
"With Primecoin, people who like to mine cryptocurrencies have a better choice to mine, to get more benefit out of the mining activity & environmental cost."
"Primecoin complements the goal here as it produces additional scientific value from the consumed energy. So people who like to mine cryptocurrency for whatever reason have a better choice to mine, to get more benefit out of the mining activity and environmental cost."
With Primecoin, you can actually and effectively Innovate and Improve on Mining Technologies and Techniques, on 2 lines: Hardware and Software. This is radically different from hash-cash PoW. In essence you have twice as much possibilities to earn revenues.
8- Proof-of-work cryptos will gradually transition toward energy-multiuse, ie providing both security & technological computing values. And Primecoin is the pioneer in this realm.
"One year after primecoin's public debut, the cryptocurrency designers are still focused on mixing hash functions with hash-cash proof-of-work, or finding ever more 'cpu friendly' proof-of-work; Primecoin's unique proof-of-work remains the first and one of the very few useful and actually interesting proof-of-work designs, that preserves the decentralization property of cryptocurrency."
9- Primecoin has anti-centralization features
Brute force hashing random numbers, under rigid guidelines(the more CPU, the stronger) doesn't work to mine primecoins - there's no known rules to find prime chains.
Elastic reward re-calibration, in real-time (reward gets immediately lower if difficulty would happen to rise)
10- Primecoin captures the Wasted Energy of Bitcoin's Algorithm - The mining is actually useful
"The reason why Primecoin-like “useful POWs” are the most promising is that, if the computations are useful enough, the currency’s “waste factor” can actually drop below zero, making the currency a public good."
"The innovative prime proof-of-work in Primecoin not only provides security and minting to the network, but also generates a special form of prime number chains of interest to mathematical research. Thus primecoin network is energy-multiuse, compared to bitcoin network. Primecoin is designed to sustain a prosperous mining market and high level of security, while maintaining good scarcity property like gold. Primecoin also processes payment transactions 10x faster than bitcoin network."
"Primecoin's proof-of-work is still pretty much the only alternative proof-of-work in production other than hashcash. By alternative proof-of-work, is meant alternative proof-of-work consensus. Interestingly, Primecoin also tries to address bitcoin's energy problem, from a different angle. In a free market, there is bound to be [the] coexistence of energy intensive currencies and energy efficient currencies, meaning, people have free will to consume energy to produce currency for example, mining gold. So Primecoin would demonstrate, such energy consumption can be made energy-multiuse, while preserving the critical decentralization property."
11- Primecoin has direct by-products
"Bitcoin hashing or mining provides no meaningful by-product whereas Primecoin delivers the chains of prime numbers. Primecoin is the first cryptocurrency with such property."
"Prime numbers are very useful. They are important in cryptography, and used in many encryption systems. The larger the list of known primes grows, and as the value of the numbers increases, the security of encryption methods utilizing them improves. Understanding prime numbers is also very important for high level mathematics, physics, and engineering. All non-prime numbers can be constructed from two or more prime numbers, yet a prime number itself cannot be created from any other number. Prime numbers are the building blocks of math. The more we understand about primes, we more we understand about mathematics. The more we understand about mathematics, the more we understand about the universe, and everything in it."
"For example, Primecoin provides financial incentive to these math research (e.g. research about the twin prime conjecture), if your theory advancement can provide a better mining algorithm for Primecoin mining. Twin prime is a special case of bi-twin chain. A bi-twin chain of length two, that is."
"With Primecoin, it's possible to do a proof-of-work consensus other than hashcash and have potential math research along with the fact that FPGA / ASIC development incentive may lead to problems being solved that have never happened before. It's possible, when you have ASIC primality testing chips, the computation capability in these fields would make a giant leap. That could also indirectly help theoretical research."
"Primecoin has delivered. It now holds 5 out of 21 world records in simultaneous prime numbers."
2 potential direct applications of the prime chains from Primecoin network:
Banking on Prime Numbers The prime number chains discovered by the Primecoin network may ultimately make RSA Encryption - and therefore banking in general - more secure by contributing longer prime numbers to use for RSA Encryption; the longer the prime number, the more difficult it is to "break" the encryption.
Hardware Testing & Innovation Since the early days of computing, programs for discovering prime numbers have been developed as a way to test new hardware These by-products include improved computer processors and hardware components, which can be applied to improve computer models used in the science, medical, and engineering industry.
12- Primecoin has been developed by Sunny King, one of the most talented crypto-technologists of the rank of Satoshi Nakamoto
Sunny King along with his team continues to grow Primecoin network and is currently developing a Sidechain technology for Primecoin, that is a common infrastructure to make it easier for developers to create decentralized and distributed data applications (of the sort of: namecoin, storj, peershare, datacoin )
First let me say that I love this freaking community! I love the info that is provided to newbies. I love the way that we all joke around and tip each other. However help me understand why some don't think dogecoin will surpass 0.01? The ones who hold millions of dogecoin will be ok. But what about the middleclass or poor shibes? Even though we are not all about the price of dogecoin, many would love to see our coin to hit the price of peercoin, primecoin or litecoin. That would allow many shibes to retire or change their careers and live their dream. I'm not saying that we all should think dogecoin will hit bitcoin prices(however one could secretly hope so), but just some modest gains 1.00 or above would be nice. Just my thoughts.........
Analysis: PeerCoin .01PPC destroyed when a transaction occurs - i.e. I think this is bad design and here is why.
Sorry for the length, but I feel that this is an important topic and deserves suitable treatment. So I spent quite a bit of time and effort to try and understand why PeerCoin destroys 0.01PPC every time a transaction occurs. Some of my research can be found in the original thread listed at the bottom of this post. The stated reasons I was able to uncover for the destruction of the 0.01PPC Fee can be broken down into 3 categories: 1) Discourage growth in the block chain size by discouraging transaction scaling. 2) Increase security by protecting against sybil attack described in Babaioff et al research paper. 3) Serves as a deflationary force to counteract the inflationary force from Proof-of-Stake mining. Based on the 3 objectives above, I have come to the conclusion that destroying the 0.01PPC transaction fee is wasteful, inefficient, and in the long term acts directly counter to some of the innovations that PeerCoin was intended to yield. Each point taken 1-by-1: Point 1) Discourage growth in the block chain size by discouraging transaction scaling. Destroying the transaction fee does not contribute towards this goal. The transaction fee itself does discourage growth in the block chain size, similar to a sales tax, but collecting that sales tax and destroying it (removing it from the economy) just becomes waste. This runs directly counter to the PPC goal to be an efficient and cost competitive currency Point 2) Increase security by protecting against a sybil attack described in Babaioff et al research paper. Once again, destroying the transaction fee actually does not contribute towards increasing the security of the currency. The original problem space described the payment of transaction fees to the node that authorizes a block creating perverse incentives for nodes to inhibit propagation of information through the network in order to capture additional transaction fees. The authors showed a robust solution where transaction fees are instead spread to both the authorizing node and relaying nodes as a solution that aligns incentives in such a way that propagation of information is encouraged through the network. In the authors solution, a node trying to hinder information propagation would be countered by nodes incentivized to relay information. Neither of these checks and balances are evident in the fee destruction model that PPC has adopted. A node could theoretically still try and hinder propagation of information and there is no counterbalancing incentive to try and encourage propagation of the information through the network. This does decrease the reward for a successful sybil attack, but it does nothing to actually increase the security as the stated goal. There may be further security considerations such that the security problem space changes which are completely unmitigated via the fee destruction model. 3) Serves as a deflationary force to counteract the inflationary force from Proof-of-Stake mining. It is useful to start w/ a definition of deflation. Deflation: reduction of the general level of prices in an economy. So, by destroying part of the money supply every time a transaction occurs, there is a general expectation that prices will go down? This seems counter intuitive. If I have fewer units of currency to cover the same amount of goods and services, I would expect prices to actually rise, not fall. Therefore the 3rd point is not supported either. Speculation - I suspect that the original intent behind the 3rd point was to preserve the value of the currency as the number of units of the currency increase due to PoS mining. This isn't deflationary, but inflationary instead. Conclusion: Above it is demonstrated that the PPC fee destruction does not further the stated goals and that the fee destruction design is wasteful, inefficient, and does not raise security (and possibly introduces new and unconsidered security implications). I would love to see thoughtful analysis about why fee destruction is a positive aspect to owning and holding Peercoins, but at the moment, I cannot find support for the stated objectives. Research Links:  Sunny King attribution in: http://www.peercointalk.org/index.php?topic=526.msg4301#msg4301  http://peercoin.net/peercoin-paper.pdf Other Considerations section, paragraph 3  http://peercoin.net/peercoin-paper.pdf Other Considerations section, paragraph 3  From the Peercoin.net whitepaper abstract section Original Thread: http://www.reddit.com/peercoin/comments/1s0wrl/what_is_the_reasoning_behind_the_destruction_of/ -TL Apparently I now take tips :-) Bitcoin (BTC) 1KBhGvJXcYDDKBN4BTNK6GNksodYphjKnk Litecoin (LTC) LVHJ2CzsKSTC1K59peqHYgm3sAhPjx7N3N Megacoin (MEC) MNJmb4JLsinVqmDDb3jFevNDSbWW3pmPKD Namecoin (NMC) MykBJ75baHmvjbumt5YeH5S99ZYvkA2anX Peercoin (PPC) PGA3xQTwFEiwSD7Nv2YhweKes8Yqk873rP Primecoin (XPM) AYXBcf1fCANQU8ZGU7rem8aTjKbRJ7uTTe
The only problem it has is marketing and its association with scientific calculation, which is not its point. The point is that prime numbers chain ( cunningham) has very interesting properties that give superior features to Primecoin vs Bitcoin/Litecoin in terms of security, inflation and fees. Specifically, the cap that is not artificially fixed (a fixed cap implies that the price or fees grow exponentionally otherwise miners stop mining ) allows for a nevertheless rare coin, and low inflation, qualities of a good currency backed by precious metal.
I like to follow http://coinmarketcap.com/views/filter-non-mineable-and-premined/ and http://www.coinwarz.com/cryptocurrency/ just kinda for fun. I am really interested, like many, in the long term how cryptos will play out as far as real world adoption, values and use etc. Because I have a small amount I play with, and not much to spare, I've decided to arbitrarily limit my crypto investments to my top 5 favorite coins, so these are them. I'm curious what your top 5 coins are and why you are excited about them? Also which of my choices suck, and why ;-)
Bitcoin: it's the biggest, most used and most accepted. I think it will continue to be the major player or one of several major coins just because of it's primacy and recognition.
Litecoin: it's the 2nd biggest, 2nd most used and 2nd most accepted ( I think? ) and even though it's market cap pales compared to bitcoin's, it still an order of magnitude above all the other alt coins. It's in based on the 2nd largest market cap and all it has invested in it's acceptance and services.
Dogecoin: I actually don't like several things about this coin. Mostly it's inflation and the fact that I can't see it ever being used in a major way by large scale businesses ( can you image a contract for a multi-million dollar skyscraper paid in a "joke" currency? ). But I can see it fulfilling a niche use, and it does have a lot of "fans" and fun publicity. I hold the least amount of this currency between the 5 coins I hold. I keep it on the list because it's funny and likable, and Im guessing it has more users than litecoin or possibly even bitcoin ( I have no data, it just seems a lot of people hold a little ? )
Darkcoin: This one is a little bit "front runner" with the recent rise in price, but I bought just before that so I'm liking it. I'm interested in this coin because it's innovation in mining algorithm, and it's offering anonymity to end users. Yes, I know other coins could add this, but I see significant resistance to BTC or LTC adding this, as they want to participate in more business / government settings where blockchain transparency -can- be a good thing. Maybe Dark Wallet for bitcoin makes this coin less interesting, but I still like the algorithm and it seems to be gaining services and merchant adoption, so Im still watching and waiting.
Myriadcoin: This is the most recent addition to my top 5. I like the algorithm innovation, using multiple algorithms side by side. Unlike the way vertcoin "fights" what is possible with it's n-factor scrypt, Myraidcoin embraces what is possible in terms of mining hardware. ASICs are welcome and not a huge centralization issue. Another a key difference from vertcoin is that Myriad's ASIC coping mechanism is beneficial to the end user, by making %51 attacks another order of magnitude more difficult, vertcoin's increasing n-factor is great for miners, but I think has very little meaning to end users. This is my underdog vote since it is a tiny market cap but I think it has potential.
PS. I recently sold out of positions in Namecoin, Peercoin, Primecoin and Vertcoin PPS. I suck at grammaspelling, sorry.
If you invested 100 USD in all let say top 30 coins on http://coinmarketcap.com/ Do you think you would profit in? a) 3 months b) 6 months c) 1 year d) 2-5 years e) Never I'm not planning on doing this, I might just put some money on coins I have faith in, however the idea is funny. And even though the majority of the coins would not increase in value, I think the few (or maybe only 1) that actually succeeds will make up for all the other coins loss. So you spend 100 USD * 30 coins = 3000 USD. Then you only need that 1 coin increases 3000% to break even (given that all the other coins goes to a value of ~0). This is not impossible given crypto coin history. Thoughts? Edit: I made a list of all top 30 coins today 2.december 2013. Lets come back later and check the results of our "imaginary" stack of coins. Format: Coin name: 'Price' gives '100/Price' ABC
In the spirit of creating original content for this sub, I thought I'd do a post about some overlooked aspects of the bitcoin ecosystem that supports the bitcoin price. Faucets The original faucet was of course created by Gavin Andreson in 2010 to give people a little share of bitcoin and spread the idea around. His faucet was a simple dispensing page. However people took his idea and created a mini-industry funded by advertising. The reason I've mentioned faucets as part of the bitcoin support system is that they convert fiat into bitcoin. That is, they earn fiat from advertising (usually Google Adsense) and spend a portion of this money on actually buying bitcoin and dispensing it from their faucet. The following article follows someone who set up a faucet from scratch and how he made some profits out of it: https://99bitcoins.com/complete-beginners-guide-make-money-bitcoin-faucet/ His faucet was dispensing some $225 a month in bitcoins. Faucetbox lists a stagerring 743 bitcoin fauctes: https://faucetbox.com/en/list Even if each dispensed a conservative average of $100 worth of coins a month, that amounts to $74300 a month converted from fiat to bitcoin or $891000 per annum. Some faucets dispense much more of course - the big faucets like moonbitco.in dispense several thousand dollars worth of coins each month. Note that if a competitor to bitcoin was to emerge, we'd see them first in the faucet space because a) popular coins tend to have users eagerly trying to collect the coins creating demand and b) faucets catering to those users are converting fiat into those particular alts, supporting their price. Faucetbox has 148 litecoin faucets, 248 dogecoin faucets, 41 peercoin faucets, 18 primecoin faucets, and 63 Dark faucets. The much ballyhooed ethereum is absent... Scrypt Pools Scrypt pools mine scrypt based proof-of-work alts and then sell those alts to buy bitcoin to pay their miners. In the process they convert potential competitors to bitcoin into a giant support system for bitcoin. However, if scyypt pools opt to pay out in other coins, then they become a support system for that alternative coin. Prohashing gave an interview to Forbes where they report:
Changes in behaviors by Prohashing’s miners also indicate that they recognize problems with the Bitcoin network. Every time there’s a problem with congestion, he says more of its miners choose to be paid in a competing currency
Here's the Prohashing payout chart: https://prohashing.com/help.html?topic=charts-payoutsowed About 70% of their miners are still opting to be paid in BTC. The others are opting for Litecoin, Ehereum, Dash, Digitalcoin and others. A similar pattern can be seen from the scrypt pool "Xpool". Of their top 20 hashers, 14 are opting to be paid in alts (Dash, Bitcoindark, NXY and Litecoin). See http://www.bitcoindark.ca/leaderboard The scrypt pools arn't as big a support system as the faucets - but between them and the faucets they produce a steady regular monthly support for bitcoin and act as demand for the new coins being generated by the miners. If this support disappeared or switched to another cryotocurrency, BTC would have to rely purely on speculators to supply demand for the coin.
A brief overview of the coins featured in the /r/cryptocurrency sidebar
I just noticed that the sidebar listing "Cryptocurrency Subreddits" seems to be kind of a hodgepodge of new and old, live and dead coins. So, I thought I'd click through and give a brief report on what manages to get free advertising: /Aeon Last post 2 days ago. 372 subscribers. The infamous americanpegasus is a mod there. /Anoncoin Last post 1 month ago. 322 subscribers. Seems pretty dead, and they're CSS is so broken I don't think I could even subscribe if I wanted to, which is a shame because I know they just released a major upgrade and have plans for the future. /btc Last post 17 min ago. 16666 subscribers. The "Ver"itable alternative to the realm of the iron-fisted thermos and company. /Bitcoin Last post 10 min ago. 177894 subscribers. A bit less active now, since the whole rule-with-an-iron-fist dictate from lord thermos, but still the king of crypto subreddits. /BitcoinXT Last post 9 hours ago. 13647 subscribers. This one really took off during the initial push to fork to XT and the thermos banning spree and long dictates, but it's died down quite a bit, and I would say has been largely supplanted by /btc. /burstcoin Last post 27 days ago. 115 subscribers. Pretty dead. BURST has a decent community on bitcointalk that is still fairly active, I guess they just don't reddit much. /Blackcoin Last post 17 hours ago. 6323 subscribers. Seems not too active, but not dead. I don't know much about Blackcoin, not a big fan of PoS. /CryptogenicBullion Last post 1 year ago. 290 subscribers. This is the first one that I would say is totally dead. Dead, dead, dead. Even one of the posts from a year ago is titled "CGB dead???" /Devcoin Last post 7 months ago. 202 readers. Also seems pretty dead, which is a bit sad, as devcoin was probably the first coin to launch with a goal of funding decentralized development, which is quite the hot topic lately. Also, I like their devtome site listing fast/insta/ninja/pre mines /Digibyte Last post 3 days ago. 2074 subscribers. Seems decently active, though not much discussion going on in the comments. /digitalcoin Last post 2 months ago. 464 subscribers. Seems pretty dead. I wouldn't say completely dead...but pretty dead. /Dogecoin Last post 52 min ago. 77467 subscribers. Wow! Many subscribers! Such posts! Much tipping! /dashpay Last post 5 hours ago. 1800 subscribers. Seems pretty active. Not much discussion. Might expect a bit more from such a high marketcap coin...or not. /ethereum Last post 23 min ago. 13886 readers. Lots of activity, posts and discussion. /ethtrader Last post 29 min ago. 5096 readers. The only trading subreddit to make it on the list, not even /BitcoinMarkets got on there, but the ETH traders managed to get on there somehow. /FeatherCOin Last post 10 days ago. 3469 subscribers. Some posts popped up when price started pumping a few weeks ago. Not much discussion going on, but not dead either. /flappycoin Last post 3 months ago. 502 subscribers. Seems pretty dead for last six months at least. /gridcoin Last post 4 hours ago. 1105 subscribers. Seems like a pretty active community. Not huge, but at least a couple comments on almost all posts, so not just link spam. /litecoin Last post 3 hours ago. 21976 subscribers. Not the gold standard, but let's give them the silver medal for participation. /maidsafe Last post 9 hours ago. 1336 subscribers. They just need one more subscriber to make it to 1337 level. /mazacoin Last post 25 days ago. 319 subscribers. Seems pretty dormant, not dead, but not really active. /maxcoin Last post 3 months ago. 543 subscribers. I would lean towards dead, or at least on its death bed. /megacoin Last post 7 months ago. 377 subscribers. Pretty much dead. /MintCoin Last post 14 days ago. 1320 subscribers. Seems like decent little community, some posts with quite a bit of discussion in them. /Monero Last post 4 hours ago. 3427 subscribers. Quite a bit of activity, with some discussion on almost all of the posts. /mooncoin Last post 8 months ago. 639 readers. Seems pretty dead, guess they didn't make it to the moon... /myriadcoin Last post 15 days ago. 781 subscribers. Pretty small community, but decent discussion on a lot of posts. Full disclosure, I'm a mod on /myriadcoin. /Namecoin Last post 1 day ago. 2471 subscribers. Quite a bit of activity and some discussion going on. To be honest, I didn't expect to see much going on here. /NobleCoin Last post 7 months ago. 239 subscribers. They died for a noble cause...I guess. /NuBits Last post 1 day ago. 436 subscribers. Seems decently active, with some discussion on some threads. /NXT Last post 1 day ago. 1283 subscribers. Decent amount of posts, but not much discussion in most of the threads. /nyancoins Last post 3 days ago. 824 subscribers. coinaday's home turf (he's also a mod at /CryptoCurrency). Not a huge amount of posts, but some good discussion in a lot of them. /Lisk Last post 7 hours ago. 1300 subscribers. Pretty good activity and discussion seems to be happening here. /peercoin Last post 22 hours ago. 3150 subscribers. Decent amount of posting, but doesn't seem like a lot of discussion among peers here. /primecoin Last post 27 days ago. 1437 subscribers. Not a lot of commenting or posting happening in prime time, or any other time, here. /QuarkCoin Last post 1 month ago. 1645 subscribers. Not much activity or discussion lately, but still seems alive I would say. /reddCoin Last post 1 day ago. 22447 subscribers. Not much activity based on how many subscribers they have, but without looking at that number seems like a decent amount of posts and comments happening. /ripplers Last post 4 days ago. 1154 subscribers. It's not dead (got nothing good to say about this 100% premined corporate token). /Stealthcoin Last post 6 months ago. 221 subscribers. Seems pretty dead, unless they're being extremely stealthy with their activity, or something. /TaCoCoin Last post 1 month ago. 314 subscribers. Not totally dead, I guess, but why? Why tacos? Whhhyyyyyy? Now I want some al pastor. /Terracoin Last post 3 hours ago. 408 subscribers. Not much discussion at all, but decent amount of posting going on. /TheRealPandacoin Last post 2 years ago. 341 subscribers. There's literally only one post and one comment in this whole sub. Why the fuck is this shit on here? /TopCoin Last post 4 months ago. 239 subscribers. Seems quite dead, last post with any comments is a year ago. /vertcoin Last post 1 day ago. 4183 subscribers. Not much activity for as many subscribers as they have, but still a decent amount of posts being posted, and some discussion happening on almost all of them. Whew! That took longer than I expected. Not as many dead ones as I thought there would be either. After clicking through all of them, my recommendations would be:
Which coins compete against each other? Is it ultimately a battle that will result in 1, 2 or 3 coins?
So, the way I look at it, there is not room for 20, 30, or 40 cryptocurrencies. It doesn't make sense that people would have that many wallets any more than it would make sense to have that many fiat currencies in your wallet. You'd have to go to a currency exchange every time unless you knew a specific place that accepted your preferred currency, whether it's /dogecoin or /worldcoin or /BBQcoin (i picked these at random from the sidebar, btw). There seem to be several different groups that exist (while some of these are overlapping): improvements on bitcoin, improvements on litecoin, clones of either one, proof of stake vs proof of work, pre-mined, easily mined, etc. (by the way, it would be great if there were a chart denoting the differences). Some of these have real benefits, some are quirky, some have been successful, some haven't. There are debates going on and people involved with each one anxiously promote it in its respective subreddit, suggesting ideas to help with its public relations and adoption. So, while it's great to have these coins with innovative features, each one arguably valuable in its own right for those features, some of them have to come out on top, right? It seems that lately, there is this idea that every coin should be nice to one another, but it's really passive aggressive. Some people hate on /dogecoin in their own subs, labeling it just a /litcoin with more coins available while /bitcoin is describe as elitist and not respecting /altcoins. Maybe all of this is justified if only a couple coins can remain. And which will those be? It /bitcoin just serving as the stepping stone for everything else, OR will it be the imperfect coin that lasts because it was there first (IMO - it would severely hurt other cryptos, especially those not tradeable for fiat currency if it died, so I think we are stuck with it)? Likewise with /litecoin and /dogecoin. Will these 3 rule because they became media favorites so quickly? Or will a coin with something different like /peercoin win out with its proof of stake? Or a coin designed with a specific activity in mind, like /Devcoin the ethical cryptocurrency? As my opinion here implies, I think it is a competition. I think /bitcoin needs to be around and rejecting it is a mistake for the community. I think /litecoin passed the tipping point in terms of price and /dogecoin hit the tipping point in terms of wide adoption. While I don't have any in-depth quantitative analysis, I think that will keep those 3 alive for the time being. I think there is only room for many 1 or possibly 2 other coins to make a name for themselves. Most other coins will fail. Pump and dump obviously hurts the community. /coinye was particularly bad and attempts to make joke coins like that make me sad because I read so many promotional posts. I feel bad saying it, but /franko and /worldcoin seem too similar while /primecoin and/megacoin and /feathercoin are just names people read in the sidebar and won't ever deal with, despite the enthusiasm of the people who do trade/mine it. That brings me to my final point, people who mine each of these coins have a huge stake in advocating for their specific coin. I'm glad people saw potential and uniqueness, but most of you will lose out and your mining rigs are giving you coins that won't be worth anything soon. Thanks for reading! I hope to hear real opinions!
Guys, like I said, just pay me to do something, I'm wicked broke and in debt up to my chin (no wonder people keep telling me to keep my chin up, if I don't I'll probably drown). I can do stuff. As long as it is from borderline legal upwards I'll consider it. I can slice PSDs, XCFs, I build websites, magazine, brochure layouts, books etc. I use Open Source mainly (can't afford the Photoshops or the Indesigns etc and I really love Opensource and free stuff anyway). I type fast enough. I suck at content, but I can make blog and forum posts. I can do Parallax websites with jQuery, I want to learn C/C++ and Java, I've posted a few sites to a couple hundred directories, I've uploaded youtube videos. Pay me to do stuff, if I can do it, I will do it, if not I'll try to hook you up with someone who can. If you are not satisfied keep your money and let me keep my dignity, that's all I have anyway. I'm about to get my ass booted out of the place I live (in a sense), people are about to take the 2 kids' bunk-bed (they really love the bottom bunk, why not the top - I am not sure) but anyway, let's see what you kind souls out there in Redditland can rustle up. I take paypal, Bitcoins, Litecoins, Dogecoins, Feathercoins, Peercoins, Primecoins and such. No amount is too small, name your task and your price and we will see how it goes from there, not that I have much of a bargaining position in any event. Sorry for the rambling, when you are broke you tend to do that...
on April 1st, Chinese officials started to ban 3rd party CNY money processing for Bitcoin related service, this resulted in exchanges seeing a run for their money. This is a regulatory risk we accepted in the crypto world, however, what can we infer from the price movement? On relative performance, Worldcoin has now outperformed the following coins: - Megacoin by 20% - Infinitecoin by 26% - Quark by 5% - Primecoin by 11% In general, the percentage movement of WDC was in general in par with Dogecoin, which is impressive given where Worldcoin stands in market capitalization right now. Though to be objective, I need to mention that Vertcoin did alright as well, which is also expected, as Vertcoin was never listed in BTC38, and you will expect them to get less selling from there. Since last month, my own AltcoinIndex dropped over 65%, this is however not new to me as I am from the Bitcoin world from ages ago, I wish to tell everyone to just stay calm and look at which coin will make it. In the end, there will be less coins, and hence the market can concentrate their wealth on fewer, therefore a bounceback on the survivors is almost guarenteed. Bitcoin itself came off 35% since March, without sounding like I am putting ideas in your mind, I will encourage each and everyone of you to compare each altcoin with Bitcoin and Litecoin and arrive your own conclusions. Please note, the cryptocurrency world will likely stay stormy as a few more regulators has yet to speak, however, European states like Denmark and Germany already openly accepted the idea and appears to allow the crypto world to thrive, therefore the remaining deciding player will be the US, and we will all see how the story develops. We are all taking part in History as we play along here. Good luck everyone.
About Litecoin. Litecoin price today is $45.90 USD with a 24-hour trading volume of $2,675,250,618 USD. Litecoin is down 1.22% in the last 24 hours. The current CoinMarketCap ranking is #10, with a market cap of $3,011,205,500 USD. Primecoin is an innovative cryptocurrency, a form of digital currency secured by cryptography and issued through a decentralized mining market. Derived from Satoshi Nakamoto's Bitcoin, Primecoin introduces an unique form of Proof-of-Work based on prime numbers. Primecoin (XPM) price stats and information. Share: Primecoin Price (Primecoin price history charts) 1 XPM = $ 0.005 USD (2020-08-23 18:06:32 UTC) 1 USD = 200 XPM Primecoin Price (XPM). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Litecoin price live and stats across major exchanges. Price change, high, low, volume on multiple timeframes: 1 hour, 24 hours, 7 days and 30 days.
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