I Lost Trust in Crypto after Cryptsy's Bankruptcy, Now I Support It in My Store
My Initial Experience with Cryptocurrencies Didn't Go Well
Back in 2016 I decided to test the waters in cryptocurrencies. I started learning about exchanges, wallets, etc. My luck made me choose Cryptsy because of a referral at Bitcointalk and started delving in depositing funds, a bit of day trading, etc. I was starting to trust cryptocurrencies because my orders were successful and my funds grew as a result, I stopped seeing crypto as a fun game and started to think seriously about depositing bigger sums of money after that. Paul Vernon fled to China with $3.3M in stolen funds from Cryptsy clients But luckily news about the CEO of Cryptsy stealing the company's funds and the cancellation of withdrawals blew up before I deposited money there to scale up the trading. The hit wasn't hard I lost only about $40, I initially deposited like $20, but I also lost trust and an opportunity to have bought BTC at $600 and I chose to ignore everything about crypto until Aug.-Sep. this year.
After Three Years Some Conferences Sparked My Hope
Who made me finally take the plunge was John Mcafee's educating explanations in several of his talks. These helped me see the potential of blockchain beyond transaction tracking. The potential of registering events, historical, political, medical & scientific facts and discoveries, patents, plans and blueprints, etc. etc. all bypassing lies, censorship and manipulation is especially thrilling. Although John Mcafee is a bit eccentric he knows how to educate and convey this huge potential, these possibilities made me want to support cryptocurrencies. Although peculiar Mcafee knows how to convey the potential of blockchain
How I Am Supporting Cryptocurrencies in My Store
For now I am supporting three cryptocurrencies in two ways:
Accepting payments in three cryptocurrencies: Bitcoin, Litecoin and Ethereum.
An affiliate program in which I pay my affiliates in Bitcoin if they so choose, instead of using Paypal.
Listing my store in cryptocurrency support communities like Cryptwerk
Commissions are 9% or 18% depending on your volume of sales (10 or more products per week).
Payments through PayPal or BTC.
Tracking of sales through custom promotional code.
Free to sign up. It is required to keep in contact with me.
My blog & store is Find Good Health I try to help people there learn to achieve and keep a good health and well-being by themselves through information about nutrition, fitness, complementary therapies and emotional balance. For this I write in my blog about therapies and health advice, always trying to verify any advice and claim with sources in research and medical studies. One objective I have with my blog is to fight the overload of false health information, easy & quick remedies and poorly backed claims made in social media and most health and wellness blogs. FindGoodHealth.org Homepage Supporting the blog I offer a small selection of eco-friendly fitness, yoga & meditation tools and accessories, 100% natural skincare products, beauty & acupuncture devices, etc. All of them follow the same rule as my blog: "any benefit or claim any product has is backed by research studies", you can check this by the long text any product page has in comparison with traditional stores like Amazon.
Petitions & Questions to The Community
Since I'm a beginner accepting cryptocurrency payments I'd like your opinion on a couple of things:
It seems our Google overlords have recently changed the way Google Search Engine promotes web pages to higher positions in the search result page. Higher positions means more visitors, Google is putting more value if the readers interact more with the site they're visiting.
In my website that means writing a comment in my blog posts, if you could comment on any post you like or found useful, even to just show your support, say thanks or hi I'd be very appreciated. I'm working on an incentive to motivate my readers to comment but I admit I rarely do it myself, it's a bit of a pita nowadays :P Hate to ask you this but...
For now, I'm using direct cryptocurrency payments, that means when you make a transaction, the funds are transferred to my account. In the event you'd like a refund because there's a problem with the shipping or the product is defective I'd have to personally transfer the funds back to your wallet.
Do you find this form of payment trustworthy in a store like mine or would you prefer using a payment platform(a middleman)that keeps funds on hold until you receive your product at home?
If you are seriously thinking about becoming an affiliate marketer and having read my affiliate program, its conditions, form of payment, sales attribution and lack of statistics like bigger stores like Amazon have.
What do you think about the program, its conditions and higher percentages are attractive enough to sign up? Or would you rather sign up for program like Amazon? If my program didn't seem good enough for you what conditions you disliked? Can you compare them to other programs?
Reasons You May Want To Avoid Monero - Posting By Request
**Notice, I posted this originally in Cryptocurrency; however, they deleted the post and shadowbanned me. Below is the entire contents of my post. Hopefully you guys find this useful. I post this because I'm beginning to become concerned about the similarity in tactics that bitcoin uses and the monero community uses. It appears also that they have mods in high places, kind of like they tried to do here with that one mod who kissed up to Ver, ready to shadowban and hide any information that puts them in a bad light. Without further ado, the post: **************************** EDIT *********************************************** Apparently some are questioning the contention that I was shadow banned. A mod from cryptocurrency had this to say:
I'm a mod on /CryptoCurrency. Your post was not removed, and you are not shadowbanned. The misinformation spread here is outrageous.
Well, here's the proof: This is one of the attempts I made to repost the thread after being shadowbanned, just to make sure. Notice how low the view count is, I search this today but it was created on the 15th: https://imgur.com/a/29g1T Here are the results when I try to search for it: https://imgur.com/a/05eZH And here is my reply to that mod below:
Then you're a liar and I'm glad you came out. I ended up having to post the thread 3 times, and each time after logging out I could not find it. As a matter of fact, I STILL cannot find it while logged in. https://imgur.com/a/15s4C Notice, my original post was titled the exact same with the exception of the '- posting by request' part. So the fact that you can only see the crosspost from btc is proof that my post was removed.
That Imgur link was my search for the original thread. If that's not shadowbanning then I don't know what is. Again, the monero community has mods in high places and are using them to push their agenda, just like bitcoin did. ***************************************** END EDIT ******************************************************** Everyday on here you can see great news about Monero. From soon-arriving hardware support, to bulletproofs reducing tx sizes 80%, to the recent Globee fundraiser announcement where musicians will accept monero over the holidays. That stuff is good news for Monero indeed. However, to bring a little balance to the equation, today I want to consider some reasons you would want to AVOID monero. Disclaimer, I hodl BCH, PIVX, Dash, ZCash, ZCoin, VTC, ETH, MAID and XMR and some other coins. I'd say most of these are considered competition, at least by the XMR community. None of that influences my posts. I post about LTC being shit because I believe it is shit. Indeed, it was shit for 4 years until it got on coinbase. That has nothing to do with the fact that I hodl BCH. Same for my posts about BTC, and the same for my posts about XMR. The reasons you may want to avoid monero are as follows: 1) Monero's price may be manipulated by Tether, DNM's looking for a quick P&D, and exchanges looking for the same. https://twitter.com/FrydayNiteLites/status/938093777347997697 https://www.tradingview.com/chart/XMRUSDT/dgYThYjA-Monero-Is-Manipulated/ 2) Monero's most attractive and user-friendly wallet, mymonero.com, is closed-source. What's more, it is run by the lead developer of the XMR project. You may consider this a conflict of interest. It is telling, that fluffy's (the dev) refusal to share source with Jaxx was instrumental in their decision to abandon XMR integration earlier this year. 3) When monero began it actually began from SCAMMERS. Monero's code originally had a crippleminer that deliberately lowered miner rewards for all but the devs. Apparently the current devs are 'not the same people'. But that is a leap of faith to make. You may want to avoid it. https://www.reddit.com/Monero/comments/4r4fw9/what_is_the_monero_cripple_mine_and_fastmine/ 4) Monero and their community are heavily associated with out and out scams. One such is basically forcing users of certain websites to mine monero without their consent: http://www.newsweek.com/500-million-pcs-secretly-mining-cryptocurrency-research-bitcoin-683982 The monero community does not seem to have a problem with this. 5) The monero community has a history of vote-brigading, FUDing perceived competitor coins (Like ZCash, Dash, and PIVX). Some of their early antics can be seen here: https://bitcointalk.org/index.php?topic=1233817.0 Some gems:
Excellent summation of the sock puppet/troll accounts and stuck in needlessly long loops for mining, good luck to anyone who pursues the hidden agenda of this coin because you are going to need it. He is. And when he is challenged on logic, it is often myself. But the point against smooth made by the OP is that he argues ad nauseum even where there is no point and it is wasting time. He tries to control the entire forum. Logic can be a means to an end, but is not an end unless you just want to be mired in verbiage. The real world is where we deliver 10 million new users to the ecosystem. None of the Monerotards have done that and they will never do that because they target this forum instead of targeting creativity and respecting it. They prefer control over creativity. They want everyone to think their expertise is the highest and nothing else can match their collective capabilities. Yet the reality is they don't even have the best technology, even against a non-cryptographer and a non-mathematician. Boastful groups are like Humpty Dumpty.
This shows how they shilled their threads on Bitcointalk early on:
I counted close to 800 topics on Monero! One topic alone has over 540 pages.. I highly doubt there is even 100 users with coins. Pretty sketchy when after years now they can't get their crappy coin on Cryptsy LOL
AndreasAntonopoulos wrote: Good to hear your 'voice' again Charlie! Fungibility is not a luxury, it's a necessity. I've been following Monero for some time now and I like what I'm seeing. The Bitcoin protocol has more potential as programmable money if it co-exists with another public ledger that is private and opaque on the protocol level. The best version of digital cash I've seen to date is Monero. Bitcoin on its own will never be anonymous, so never fully fungible.
Actual quote from real Andreas:
This is an impostor account, using my name (Andreas here) to pump Monero and diss bitcoin. I have reported and requested validation from the forum to confirm my identity. See my tweet proving this is my real account: 655293052383133696
Lol this was their reply:
wtf ... you banned a user because you didn't like his/her choice of username and avatar, or you didn't like their point about fungability? Can you post the forum rule user 'AndreasAntonopoulos' broke to require a permanent ban and deleting of his/her posts? Is this forum instituting identity checks and KYC policies now, or was this user banned because you claim he/she was a malevolent imposter? Please, what is your username and avatar policy on this forum? I saw what he/she wrote and recognized it as a parody spoof immediately, and the user was clearly not trying to defraud anyone, and admitted their intentions as soon as AA posted. I thought this forum was started in response to censorship at bitcointalk.org. It looks like you didn't like the user's message, and you saw a way to ban them to remove their opinion
Well, you get the idea. 6) The biggest reason: Monero's privacy was actually broken for 3 out of the 4 years it existed. Link 2 Andrew Miller, a respected cryptography, posted research in April proving that Monero transactions could be deanoned using a form of blockchain analysis. You can go here to see the results of the research for yourself. 7) Monero is slower, has larger transactions and is FAR MORE expensive than other privacy options like PIVX and Zcash. Using PIVX to convert to zPIV is basically free while the avg monero transaction is around $5. Of course, to be extra safe they recommend that you 'churn' your transactions, basically send them to yourself again. But at $5 a pop, this is prohibitively expensive for the average guy. These are not reasons to SELL your monero, nor are they reasons to avoid it entirely. I've said in the past that I like XMR the coin, but the community has shady origins that may give some investors pause. Bytecoin, from which XMR descends directly, is a KNOWN scam. The original developers of monero were DEFINITELY scammers. This advice is the other side of the coin to the constant monero pumping you can see here. Happy investing!
how to shibecoin v rich in minutes much instruct so simple any doge can do
UPDATE 1/21/14: I'm not updating this guide anymore. Most of the steps should still work though. See the wiki or check the sidebar for updated instructions. Before you do anything else, you need to get a wallet. Until there's a secure online wallet, this means you need to download the dogecoin client. Now open the client you just downloaded. You'll be given a default address automatically, and it should connect to peers and start downloading the dogechain (aka blockchain in formal speak). You'll know because there will be a progress bar at the bottom and at the lower right there should be a signal strength icon (TODO: add screenshots). If you've waited 2 or 3 minutes and nothing is happening, copy this:
And paste it into a new text file called dogecoin.conf, which you then place into the dogecoin app directory.
On Windows this is C:\Users\[YOUR_USER]\AppData\Roaming\DogeCoin
On Macs it's ~/Library/Application Support/DogeCoin
Now restart your qt client and the blockchain should start downloading in about 1-2 minutes. Once it finished downloading, you're ready to send and receive Dogecoins!
Decide how you want to get Dogecoin. Your options are:
I'll go into detail about each of these. I'm currently writing this out. I'll make edits as I add sections. Suggestions are welcome.
Mining is how new dogecoins are created. If you're new to crypto currencies, read this. To mine (also called "digging"), a computer with a decent GPU (graphics card) is recommended. You can also mine with your CPU, but it's not as efficient.
These instructions cover only Windows for now. To mine, you'll need to figure out what GPU you have. It'll be either AMD/ATI or Nvidia. The setup for both is approximately the same.
Step One: Choose a pool
There's a list of pools on the wiki. For now it doesn't really matter which one you choose. You can easily switch later. NOTE: Youcanmineintwoways.Solominingiswhereyouminebyyourself.Whenyoufindablockyougetallthereward.Poolminingiswhenyouteamupwithotherminerstoworkonthesameblocktogether.Thismakesitmorelikelythatyou'llfindablock,butyouwon'tgetallofit,you'llhavetosplititupwithothersaccordingtoyourshareofthework.Poolminingisrecommendedbecauseitgivesyoufrequentpayouts,becauseyoufindmoreblocks.Thelargerthepoolyoujoin,themorefrequentthepayouts,butthesmallertherewardyouget. Overalongperiodoftimethedifferencebetweenpoolandsolomininggoesaway,butifyousolomineitmightbemonthsbeforeyougetanycoins.
Step two: Set up pool account
The pool you chose should have a getting started page. Read it and follow the instructions. Instructions vary but the general idea is:
Create an account
Create a worker under the account
Grab the mining URL (usually on the getting started page)
Setup your cash out options in your account settings by entering one of your wallet's receiving addresses
When you're done with this, you'll need to know:
Your account, worker name, and worker password
The mining (stratum) URL (usually the pool's URL followed by a port)
Step three: Download mining software
For best performance you'll need the right mining software.
Create a text file in the same folder as your miner application. Inside, put the command you'll be running (remove brackets). For AMD it's cgminer.exe --scrypt -o stratum+tcp://: -u -p For Nvidia it's cudaminer.exe -o stratum+tcp://: -O : Substitute the right stuff in for the placeholders. Then on the next line of the text file type pause. This will let you see any errors that you get. Then save the file with any name you want, as long as the file extension is .bat. For example mine_serverName.bat.
Step five: Launch your miner
Just open the .bat file and a command line window should pop up, letting you know that the miner is starting. Once it starts, it should print out your hash rate. If you now go to the pool website, the dashboard should start showing your hashrate. At first it'll be lower than what it says in the miner, but that's because the dashboard is taking a 5 minute average. It'll catch up soon enough. NOTE: Anormalhashrateisbetween50Kh/suptoeven1Mh/sdependingonyourGPU.
You're now mining Dogecoins
That's it, nothing more to it.
CPU mining isn't really recommended, because you'll be spending a lot on more on power than you'd make from mining Dogecoin. You could better spend that money on buying Dogecoin by trading. But if you have free electricity and want to try it out, check out this informative forum post.
Trading has been difficult so far, but Dogecoin just got added to a few new exchanges. If you don't have a giant mining rig, this is probably the best way to get 100k or more dogecoins at the moment. I'll write up a more complete guide, but for now check out these sites:
Faucets are sites that give out free coins. Usually a site will give out somewhere between 1 and 100 Dogecoin. Every site has its own time limits, but usually you can only receive coins once every few hours, or in some cases, days. It's a great way to get started. All you do is copy your address from the receive section of your wallet and enter it on some faucet sites. Check out /dogecoinfaucets for more. If you go to each site on there you might end up with a couple hundred Dogecoin!
This method is pretty straightforward. Post your receiving address, and ask for some coins. Such poor shibe. The only catch is, don't do it here! Please go to /dogecoinbeg.
Other redditors can give you Dogecoin by summoning the tip bot, something like this: +dogetipbot 5 doge This might happen if you make a good post, or someone just wants to give out some coins. Once you receive a tip you have to accept it in a few days or else it'll get returned. Do this by following the instructions on the message you receive in your inbox. You reply to the bot with "+accept". Commands go in the message body. Once you do that, the bot will create a tipping address for you, and you can use the links in the message you receive to see your info, withdraw coins to your dogecoin-qt wallet, see your history, and a bunch of other stuff. As a bonus, so_doge_tip has a feature where you can get some Dogecoins to start with in exchange for how much karma you have. To do this, send the message "+redeem DOGE" to so_doge_tip. You'll need to create a tipping account if you don't have one. If you want to create a tipping account without ever being tipped first, message either of the bots with "+register" and an address will be created for you.
1/21/14 - Added note about this thread no longer being updated
1/21/14 - Changed wallet links to official site
12/27/13 - Added 1.3 wallet-qt links
12/21/13 - Added new windows 1.2 wallet link
12/20/13 - Fixed +redeem text
12/18/13 - Added short blurb on trading.
12/18/13 - Updated cudaminer to new version (cudaminer-2013-12-18.zip).
Hey all! GoodShibe here! So, yesterday I started putting this thing together and WOW did you come out in droves to help! Thank you so much for sharing your ideas and memories. And thank you kindly to the mods for stickying that post! In one day we reached 60% completion on a list of top 100 Memories and Achievements of Dogecoin! That's amazing! So many fantastic memories and accomplishments! Which leads me to share some developments. The title of this endeavor is now - unless someone comes up with something better: Such Memories: The First 100 Days of Dogecoin I'm going to be putting this together as a 100-ish paged commemorative book - for free in PDF, probably with some cost as a fancy, printed book (Sold as close to 'at cost' as I can get it -- slipstream- has recommended selling it at a small profit, with profits going toward charities or Dogecoin Foundation for charities, etc - thoughts?). Artists, if you've got Dogecoin-themed artwork you want to see in this, please, put forward some links to hi-res CMYK copies and I'll do my best to fit it in. Also! Let's find the funniest, best Dogecoin-related memes that we have put together so far and include them as well! :D) We're also going to need a cover. Any artists out there care to try their hand at designing a cover for this? We'll put it to the community to vote for the one they like the most, and we'll include the others in the book somewhere :D) If you're an artist who submits to the project, you'll get full credit and promotion for your site inside the book (probably in a credits section at the back). I also want to hear from the community - think up some interesting stories, maybe what got you into Dogecoin. What your fondest memories of Dogecoin are. These first 100 days have been an exciting rollercoaster of adventure... let's make that we never forget all the fun memories we've had together. If you have personal, fun pictures you'd like to share, fun, personal stories you want to see get into the book, then start working on them now, put them into the comments, keep them on hand!. Here's the list that I have right now - in no particular order: MOMENTS/ACHIEVEMENTS:
ummjackson's first 'joke' on Twitter about Dogecoin being 'the next big thing'
The original bitcointalk Dogecoin forum page
The first Dogecoin paperwallet design
Save Dogemas is put together by the community, to help out victims of the hack. (News articles?)
15 Million doge raised by the community to save dogemas
TOTAL: 100/100 Also: I was thinking we might have a pour-one-out for all the Orphans - a page dedicated to all the blocks we lost along the way... thoughts? What have I missed?! Let me know in the comments! It's 8:29AM EST and we're at 53.95% of DOGEs found. Our Global Hashrate is spiking from ~61 to ~98 Gigahashes per second and our Difficulty is down slightly from ~1024 to ~1014. Lots of fantastic things in store, let's keep this list growing! As always, I appreciate your support! GoodShibe TL;DR: 100/100!!!
Of Wolves and Weasels - Day 189 - The State of Dogecoin
Hey all! GoodShibe... on Vacation! Please enjoy this post by Guest Writer thistime1 and tip them well ;D) Note: To tip them directly: +dogetipbot @thistime1 xxx doge verify I have collected as much data as I could possibly find and contacted as many major players in the Dogecoin community as I could. I hope you all find this synthesis of information informative and worthy of discussion. Anything that was announced in the few days before this was posted may not be included here, due to me working on this for the last 2 weeks! Sorry if I missed you. I hope to do this again, maybe even as a quarterly report. Please take all the information presented to you here and make your own conclusions about how important each piece of data is to YOUR view of Dogecoin. Price 1 Doge = $0.00029 USD Price would have to increase ~750% to be back at peak value ($0.0022/dogecoin). COMPARED TO LITECOIN 1 LTC = $7.60 USD Price would have to increase ~650% to be back at peak value ($48/litecoin). Market Capitalization 7th of all digital currencies, ~$23 Million USD Our market cap has been declining the last few months, most coin’s have. I am excited to know what our year-to-year price change will be as that is a better measure of change than the last 30 days. For the past few days I have been trying to find a graph of the TOTAL market cap of all coins together over time. I have a theory that not a lot of money is being put into cryptocurrencies at the moment, and the coins that go up in value are taking away value from others. What do you think? I want to know if this is true, or if I am crazy. If that is somewhat true, there is a limit to how many coins will make it big. I'd love to just see the total ALTCOIN market cap over time as well. Hashrate/Halving Hashrate = ~50GH/s Oddly, this is about the same hashrate we had after the last halving! ASICs inbound… I could not find what proportion of the SCRYPT hashrate we have over time, as that is the best measure of hashrate in relation to other coins. I do have this though. Litecoin’s hashrate is about 10 times larger than ours now. The current block reward (recent halving) will create 90 Million Dogecoins/day or 38.7BTC at current prices. This means that if ALL mined Dogecoins are sold every day they would only make up 3.8-7.5% off all transaction volume per day, which is around 500-1000BTC/day. When the price stays the same, we can assume 250-500BTC of Dogecoins are bought or sold in that day. Therefore miners do not make up a large portion of the selling anymore, and they haven't for a while. Another BIG assumption you have to make is that 38.7BTC cannot move markets. From my personally observations, the Cryptsy DOGE/BTC market controls the price of Dogecoin. I have watched the Chinese markets (BTC100, BTC38, BTER) respond to changes in price after they happen on Cryptsy. ~38BTC can have a HUGE impact on price if buy/sell walls are not there to support it. We need more demand, but it is nice to have less pressure from miners anyways. Liquidity is still much much higher with Litecoin though! Transactions per Day Dogecoin has more transactions per day Litecoin, and all other altcoins. Sent from addresses Dogecoin has more unique addresses sending coins per day than Litecoin, and all other altcoins. Average Transaction Value Average Litecoin transaction value for today was $9,380 USD. Average Dogecoin transaction value for today was $122 USD. Average Bitcoin transaction value for today was $3,250 USD. http://bitinfocharts.com/comparison/transactionvalue-btc-ltc-doge.html Dogecoin is potentially being used exactly as intended. Lots of people sending small amounts of money to each other or things. I am stunned that the AVERAGE person sending Litecoins that day, sent almost $10K. That is 3x higher than Bitcoin. In fact, oddly, Litecoin always has a higher average transaction value than Bitcoin since the Bitcoin bubble in late 2013. Anybody know why? We usually DO NOT have higher transaction volumes than Litecoin, but we do consistently have ~500-1000BTC/day that is transacted, putting Dogecoin in the top 5 most traded coins. Dogecoin Address Growth Dogecoin has also GAINED 14,653 positive addresses in the month of June, where Litecoin has LOST 33,875. (info from bitinfocharts and currency4world) Wikipedia Statistics (http://stats.grok.se/) Bitcoin traffic – Average ~9000 views in the last 90 days (highest 18614 views/day) – total views/90 days 819,193 Litecoin traffic – Average ~380 views in the last 90 days (highest 998 views/day) – total views/90 days 40,036 Dogecoin traffic – Average ~1200 views in the last 90 days (highest 8629 views/day) – total views/90 days 154,415 Circlejerking Statistics Bitcoin recently surpassed 1 Yottahash, I believe we are up to almost 1 Yottajerk of circlejerking power. I am excited for a few years from now, when the QuantumJerk ASICs are released. Every time I read someone calling /dogecoin a circlejerk I laugh, not because they are wrong, but because they are just stating the obvious. Do you think there is someone in the corner of the room at NASA who just comments about how all they talk about is rockets and space? If dreaming big and congratulating ourselves on our achievements is a circlejerk, then I guess it’s human to circlejerk. Every subreddit is a circlejerk, the only difference in /dogecoin is that you can get tips from circlejerking. (Is that prostitution?) The main point of this section was to see how many times I could type circlejerk. Foundation The new Dogecoin Foundation is now a legal enitiy and will have a road map of working projects Personally I would love to see someone from the Chinese Dogecoin community represented on the Foundation. They buy and sell a lot of Dogecoins Maybe just a liason position or something. At the very least, during fundraisers, the Chinese community should be contacted to see if they want to help out! Development Dogecoin is the ONLY altcoin with the Core/Wallet/qt based off of Bitcoin 0.9. Dogecoin Core will be kept up to date and features from the Bitcoin Core will be adopted quickly. The devs are doing great so far, especially against coins with full-time PAID developers! CrytoSaga Unprecedented cryptocurrency modeling software will be written to test possible outcomes to changes in Dogecoin’s algorithm. Main candidates are PoS 2.0, Tendermint, and SIMD. To my knowledge, this has never been created before in all of cryptocurrency, and will definitely further highlight the abilities of Dogecoin’s development team. A payment protocol is also being worked on. Cryptiv
Cryptiv is considering integrating tipping on Wordpress websites and would love to hear the community’s feedback on this next potential platform or if they have any other suggestions?
We will be making some improvements to the site and to the tipping experience on Twitter, Twitch.tv and Youtube based on feedback received from our users and hope to implement and announce these improvements very soon!
Optional multi factor authentication. Will start with Google Authenticator and possibly one other for of authentication. This allows a users account to stay safe even if the users password is compromised.
Site moved to 100% SSL encryption. That means that all communication with www.SuchList.com will use HTTPS. Not only when logged in. This makes sure user data and cookies etc stay safe.
Added more user validators (used to validate user provided data). Such as Etsy and LinkedIn.
Adding auction style listings so that someone posting can select that it's an auction and set things like start price, buy now price, end time etc.
More than 750 MILLION Dogecoins sold since opening in late April
More than 3500 transactions to more than 2600 Shibes in 66 countries
OKPay/PerfectMoney for non-US based transactions coming soon
Onarbor The biggest new Onarbor feature announcement is ability to back and re-back works and reviews. This was the top request so we're glad to finally implement it. Coming soon will be more tailored feeds where we will allow people to follow creators that interest them (will allow TwitteFB/linkedin auth to find friends/colleagues). What can Dogecoin do better? Marketing For a coin that has done some of the best marketing out there, we suck at getting major announcements across on multiple platforms. I am hoping /dogecoin_pr will bring this up to par. EXAMPLE: 51.54% of Dogecoin users are on Dogecoin Core 1.6.( http://bitinfocharts.com/dogecoin/) Maybe merchants and such are not to keen on updating if it is not required, but maybe they just do not know about 1.7. When 1.8 comes out, I would love to see a sticky thread on the subreddit, an announcement on the official Dogecoin Twitter and Facebook pages, an announcement on the front of the BitcoinTalk forum, as well as contacting cryptonews websites. Dogecoin has a large social media presence and should be taking advantage of THAT! Tipping I am concerned that there are not that many external deposits made to everyone’s dogetipbot accounts. Until there are more tipping users, I fear that we may be only be tipping coins that were tipped to us in the first place. That is not the best way to build demand. I am hoping mohland has some data on this. I strongly believe in the tipping economy and culture of Dogecoin, and personally, that is how I think we can best build demand. Until we have more tipping users, it is up to us to build that demand, and the work could pay off. Dogecoin.com I know you powerlemons is working on updating this, but the website is COMPLETELY MISSING a section on how to accept Dogecoin. This should be just as big as the other coloured sections! ALSO This should be added to the “Get Dogecoin” section at the bottom of the page. I have tried to keep it updated as much as possible, but would love the community to notify me of any changes COMMENTS Josh Wise “I have said this to a few people in the community but my two cents on this is to keep it fun, charitable, and stick to the fundamentals that made the community grow so much initially. My personal opinion (and I really have no clue what I am talking about) is that this community grew so fast because it was so much fun, anything seemed possible, everything seemed worth trying and there were not many negative undertones with anything. It seems like people are really getting wrapped up in a lot of negatives right now and that is never productive. The law of attraction will rule in the end and as long as people are positive- no matter the circumstance- the circumstance will become positive. I love this place and wish only the best for dogecoin and the community, and like I said, I have no clue as to all of the intricacies and the many moving parts past and present. Only my two cents on what I see (: As far as upcoming projects- I am still working on some new shirts by popular demand. I would really love to either race the Dogecoin car in a few Superspeedway races next year, or try to raise money so that we can run the rear bumper all season. I am super thankful for all that has come of this and want to continue to help build the brand and awareness in any ways possible. A lot of that is really up to the community though and not me.” Co-founder (BillyM2K aka Shibetoshi Nakamoto) “A community that is having fun, building cool things, and coming together for great causes and fun causes alike is exceptionally more valuable than one that is trying desperately to create value by finger pointing, complaining, witch hunting, attempting to market useless features, and ultimately eating itself.” thistime1 - High Anxiety Shibe I hope you all learned something today. I tried really hard to make sure that was the case. Who do I love? It's 7:41AM EST and we've found 87.49% of our initial 100 Billion DOGEs -- only 12.51% remains until our period of Hyper-inflation ends! Our Global Hashrate is up from ~44 to ~47 Gigahashes per second and our Difficulty is up from ~708 to ~724. I Hope you enjoyed today's Guest Post by thistime1! Note: To tip them directly: +dogetipbot @thistime1 xxx doge verify GoodShibe
In a little over 1 month I have made almost $1,000 mining cryptocurrency on a cheap computer.
Put it into Amazon giftcards since it is so easy using gyft.com One of my old posts where I told this subreddit about mining. Don't mine this coin though, no longer worth it for the average person. I started out using a quad-core cpu in my cheap gaming computer to mine a currency called Quark. I sold some of my Quark to buy a Radeon 7790 for ~$120 and since then have made much more using that GPU and my CPU. This has been some of the easiest money I have ever made and I have found it pretty fun too. I made about $300 of that from mining Dogecoin when it came out when I still had my old Nvidia GPU which was barely better than my CPU at mining. The best tip I can give anyone interested in trying out mining is that you shouldn't go for an older popular coin to mine, new coins are great if you can mine in the first couple hours, if a coin starts to have less people mining it and you think it will become popular later keep mining it. The best place to find new coins is on this board and you should also read /cryptocurrency. The sites I suggest trading on are Coinedup which has no fees and BTER which while it has fees they aren't much and using the link listed since it is a referral link from my account which is over 24 hours old you get 10% off the fees. Non-referral for BTER with full fees https://www.cryptsy.com/ is also an option but be warned that is has a habit of crashing when it is the best time to sell, problems with withdrawals, and new coins added leads to traffic crashing the site. There is a referral link I have for this site where I would benefit if you use it, but I can't bring myself to suggest the site after all the trouble I have had. Cryptocurrency isn't something you will suddenly make a ton of money on, unless you get extremely lucky, but it is something with a little trial and error can lead to some decent earnings.
[Guide] No hardware to mine? How to net 6,000+Ð/day using Windows Azure
Inspired by lleti 's free guide for using Amazon Web Services. However, from what I understand due to rental costs, it is more efficient to buy doge directly than use AWS. This guide is based on utilizing the $200 credit that comes with the Windows Azure cloud computing free trial, so you will not pay anything. This is targeted at shibes with poor hardware that can only mine 50-200 doge per day, but it will work for everyone. Disclaimer: Doge rate is an estimate based on current difficulties and market. Windows Azure trial may be US only (?) Overview / How it works You will not be mining doge directly with this method. Mining doge effeciently requires a GPU, which aren't found in traditional servers. Instead, we will be using the powerful CPUs provided with Windows Azure servers to mine a CPU based crypto-currency, such as QuarkCoin or SecureCoin, and convert those to doge. Steps 1) Install your QRK or SRC wallet Ideally if you are reading this, you have installed a dogecoin-qt wallet for yourself before. We will need to do the same for either QuarkCoin or SecureCoin. This is the wallet where will will send the coins you mine with your Windows Azure servers.
These are not the only CPU coin options, but QRK and SRC are very similar (same hash function) and simple to mine. Once you have installed the wallet, it should look very similar to your DogeCoin wallet. If you have trouble downloading the blockchain ('out of sync'), look at thesethreads respectively to see which nodes you need to add to your config file. Config files are located at C:\Users\UserName\AppData\Roaming\CoinName.conf on Windows. 2) Set up a mining pool account If you have joined a mining pool for DogeCoin, it will be a very similar experience for other alt coins. See the following bitcointalk threads which have a list of mining pools:
If you would like a pool recommendation, I can recommend src.coinmine.pl and qrk.coinmine.pl; this is from personal experience, I am not affiliated with them. Once you are logged in you should also create 3 workers, as we will be setting up 3 servers, one for each server. So you should have 3 worker names, and a password set up for each worker. 3) Sign up for Windows Azure free trial Link: www.windowsazure.com/en-us/pricing/free-trial/ You will have to provide a valid credit card and verify your account with a cell phone so they know you are a real person. This is a Microsoft product so they are reputable. Once you sign up, you will receive a $200 to use in 30 days. Remember to cancel when your credits are running out so they don't charge you. 4) Create Windows Server instances I would recommend you watch this video which walks you through the UI of the Windows Azure management site to set up the virtual machines we need. Essentially we are going to do the following:
Create 2 Windows Server 2008 R2 SP1 instances with 8 CPU core / 14 GB RAM option
Create 1 Windows Server 2008 R2 SP1 instance with 4 CPU core / 7 GB RAM option
Thus we have a total of 20 CPU cores to mine QRK / SRC with. We want the the most CPU power we can get without excessively burning our $200 credit. That's why 2008 R2 is used, and only 3 instances of it. 5) Remotely connect to servers and download miner This section is also covered in the video from section 4, watch it for a visual walkthrough. Once the servers have been initialized on Microsoft's end, we should be able to access them under 'Virtual Machines' at www.manage.windowsazure.com. You should see each host name and a status, and when selected there should be an additional 'Connect' button - click it. You should now be prompted to download a .rdp file. Download this for each of your 3 virtual machines to a folder you will remember. You will open this .rdp file and use the login credentials you previously specified to connect to each server. Once you are remotely connected, you should see the desktop. Open up the first icon on the taskbar that looks like a server, this is your server manager. We need to open up the 'Configure IE ESC' setting that's visible on this pane. Make sure 'Off' is selected for both admins and users on the IE ESC configuration. Now, open up the IE browser and navigate to https://docs.google.com/file/d/0B9cvOfoOekSdVzZZcThLZHg4bjA/edit. Press Ctrl + S to download the entire zip to the desktop, and un-zip it. 6) Configure and start miner Again, this is pretty much covered in the video from section 4, if you prefer watching. You should now have a folder on your server's desktop named quark-v2_w64. This is the miner for both QRK and SRC. We are going to be using minerd64_sse4.exe. Create a shortcut to minerd64_sse4.exe within the same folder. We now need to add the parameters for your miner. Right click on your minerd64_sse4.exe shortcut -> Properties. Look at the target field, it should look like this:
We are going append the following format to this target field
-a quark -t 8 -o stratum+tcp://src.coinmine.pl:6020 -u user.worker -p password
-a: algorithm, both SRC and QRK use 'quark' -t: number of cores (so either 8 or 4 for our purposes) -o: mining pool information (url and port). -u: account you have for your mining pool, then a period, then a worker name -p: password that you created for the worker in step 2 So here is an example of what the target field of your shortcut should look like when you are done:
7) Profit!! If you set up your miners correctly on each Windows Server VM (I prefer to assign a separate worker to each one), you should be able to run them and see an output like this: http://i.imgur.com/3lECqSz.png. You can close your remote sessions without interrupting it. How do you get the doge, you ask? Well, using the above setup I have earned 10 SecureCoins in the past 2 days. These are worth 0.00094 bitcoins (BTC) on Cryptsy at present. A doge is worth 0.0000007 BTC at present, so if I go from SRC -> BTC -> DOGE, I can turn 5 SRC to 6,642 DOGE on Cryptsy. There are also other exchanges, I won't go into how to exchange coins on this post. Remember, this is every day for about a week, for free! Also, you can CPU mine on your own personal computers as well, not just the servers. TL;DR Mine QuarkCoin / SecureCoin using Windows Azure free trial, use Cryptsy (or other exchange) to convert to DOGE. Much more efficient than CPU mining Doge.
How to Earn Money Mining Virtual Currency With Your Average Computer - A Full Guide
Lately I've been exploring some alternatives to the typical grind that is online work. I've always followed Bitcoin pretty closely and knew of Bitcoin mining, but I was also aware of how difficult it's become. The difficulty is so high it's not even worth trying with the average computer. However, as of late there has been an explosion of new virtual coins. There are now hundreds (if not thousands) being mined. There is debate on how much of a help or hindrance all these altcoins are to the world of virtual currency, but regardless they open up a lot of chances to earn money with your average computers unused resources. I decided to start digging into all the altcoins and find one that was new, easy to mine, had a solid and dedicated dev team, and a solid purpose so it's less likely to die off. What I ended up with was CasinoCoin. At the time it was sitting around $0.009 USD each, and fit all of my requirements. I took my two laptops with their i3 cpu's and no gpu's (20kH/s total) and set them to work mining at MooPool.com. A couple days later around the time I hit 300 coins the price jumped up to a peak of $0.11, and my poke at mining altcoin turned into $33. Now I'm not saying this is a ton of money, but consider the fact that I was only mining at 20kH/s on CPU's. Better computers (especially those with GPU's) will mine many more CasinoCoins. So with my recent tests a success I figured I'd share my findings and make an easy guide to mining virtual currency. This quick guide will be done for CasinoCoin over at MooPool.com since it's my coin of choice, but can be applied to any virtual currency. GPU Guide (You can run a miner for every GPU and CPU you have) To my knowledge the most efficient GPU miner at the moment is CudaMiner
cuda miner is a miner specifically designed for Nvidia's architecture. Nvidia's cuda cores are not well suited for alt coin mining, so cuda miner helps you to get the most of Nvidia cards. If you have an AMD GPU, cgminer is what you want to use. -zekezander
Download the correct version for your machine and extract the archive to a folder somewhere convenient. Open up notepad and paste in the following.
Now save it as StartMining.bat in the miner folder and run it. You should start seeing blocks detected, and once the pool tunes into your hashing power you can check the hash rate of your shares to get a feel for what you're capable of. -q is for quiet mode, when turned off you will see all of your hashing. When turned on you will only see your accepted shares and their total hash rates. Now it's time to make an account at MooPool.com so we can customize the miner. Start by adding a worker for each device you'll have mining. Next we customize the bat file in the following manner. Username & Password (--userpass account.worker:password) (If you have multiple GPU's you may need additional changes to your bat file, I'm not sure how to set this up.) Now save it and start it up. If you did everything correctly you should see you hash rate start to rise then average out on the websites dashboard. You are now helping to break "blocks" worth 50CSC each. When the pool breaks one it is distributed fairly to everyone who helped based on the amount of work they contributed. The faster the pool mines, the quicker we all get CSC. Lastly you need to download a personal CSC wallet HERE so you can withdraw your funds. Once you have your wallet address remember to add it to your account and enable automatic payouts. CPU Guide To my knowledge the most efficient CPU miner at the moment is Pooler CPU Miner Download the correct version for your machine and extract the archive to a folder somewhere convenient. Open up notepad and paste in the following.
Now save it as StartMining.bat in the miner folder and run it. You should start seeing blocks detected, and once the pool tunes into your hashing power you can check the hash rate of your shares to get a feel for what you're capable of. -q is for quiet mode, when turned off you will see all of your hashing. When turned on you will only see your accepted shares and their total hash rates. Now it's time to make an account at MooPool.com so we can customize the miner. Start by adding a worker for each device you'll have mining. Next we customize the bat file in the following manner. Username (-u account.worker) Password (-p Password) Now save it and start it up. If you did everything correctly you should see you hash rate start to rise then average out on the websites dashboard. You are now helping to break "blocks" worth 50CSC each. When the pool breaks one it is distributed fairly to everyone who helped based on the amount of work they contributed. The faster the pool mines, the quicker we all get CSC. Lastly you need to download a personal CSC wallet HERE so you can withdraw your funds. Once you have your wallet address remember to add it to your account and enable automatic payouts. Turning your CSC into USD In order to sell your CSC you will need to use an exchange. So far Cryptsy(Ref) - Cryptsy (Non-Ref) is the only site that does CSC exchanges. When you're happy with the price sell off your CSC for BTC. Next take your BTC and send it to CoinBase(Ref) - CoinBase(Non-Ref) where you can easily sell it for USD and have it sent to your bank account. Hope this helps some of you out, Happy Mining! If you found this of use and would like to donate these are my wallets, or you can just mine with the sample .bat launchers for a bit :) CSC: CZcoArhSWT4hYPYUkVVvV5NswL3AvBBH3W BTC: 152GbYdHrU8QtCf4YpJaqNR5WPR6ZpTC4q
Thank you for taking part in our AMA and submitting your questions. Here are responses from John Caldwell (Director of Advocacy), Duncan Cameron (Technical Director) and Andre Jochems (Lead Developer). Get to know them better by visiting our website.
Nole34 (Reddit): How and where will this coin be used? Not meaning as in the network and relay nodes but by a user.
TwoproApps (Reddit): What are the benefits or incentives for casinos to use a crypto currency?
Whufc4life1 (Reddit): What would be the main advantages of using this coin, as an end user, instead of regular fiat currency?
We see CasinoCoin being used as a payment option right alongside USD, EUR, etc. There are many ways to use CasinoCoin, for the customer and the operator that represent tremendous advantages over traditional funding methods. For the customer, you will have to complete KYC once, then you will be able to play on multiple vendors in seconds, deposit and withdraw for a fraction of current rates and have a suite of tools at your disposal to manage and control your play. For the operator, you get a customer that is pre-vetted by a licensed, approved KYC vendor that lands at your door, deposits in seconds in a way where the deposit is permanently and transparently recorded and is not subject to chargebacks.
TwoproApps (Reddit): With the coin being potentially volatile in the future, could it affect casinos wanting to use it?
We don’t believe so. Like any payment instrument, the customer would deposit in CSC and withdraw in CSC - making volatility a non-factor for the casino in the short term, provided the casino maintains a sufficient balance of CSC.
TwoproApps (Reddit): How do casinos exchange CSC for fiat if they wanted to?
Casinos will have several options to acquire CSC, all of which will take treasury functions into account to mitigate possible volatility to the greatest extent possible. This will be done via traditional processing methods.
TwoproApps (Reddit): Will casinos have to make their CSC games payout in CSC or can they also pay in fiat and vise versa. Can a fiat gambler cash out in CSC if they wanted to?
This will eventually be possible, but it will be the choice of the operator. Once a casino starts to allow cashouts in different currencies, the volatility risks rise. We are designing CSC to be used in game, but our first step is to get casinos to adopt CSC as a payment method.
Lowmm (Reddit): Will you go into other trading markets, bittrex for example?Boyo (Reddit): will bittrex be adding CasinoCoin? after the swap?
Our focus is:
1.Designing the best product for the market, users & operators,
2.Compliance within regulated markets
3.Creating strong partnerships within the gaming industry.
We strongly feel if we work on the things we can control, all the external elements like exchanges will take care of themselves.
paulkt (Reddit): When can we expect to see the first Casino using Casinocoin?
We will be ready for real partner integration in Q1 of 2018. However, the actual timeline will be dictated more by potential partners, regulators, banks, and other external forces. We are under no illusion that getting to market with licensed operators in regulated markets (we’ll only operate under these conditions) will not be a quick process, but we are confident it will happen.
hurdamurda (Reddit): I had 50.000 CSC and then cryptsy stole them. :( I still believe
Anyone who has been in crypto for a year or more has a story to tell like this. We can’t control what happens at third party providers like exchanges, and can only encourage holders of any crypto to adopt best practices with respect to protecting your coins. Most of us have been in crypto for a long time, with our own stories like this, so we are building the CSC solution to provide maximum security to customers.
powpow44 (Reddit): In the roadmap you state "New CasinoCoin Brand & Website Launch". Can you share what the foundation has in mind for a rebrand?
The rebrand is more about the logo itself. Most of us really like the ‘button’ logo that has been with CSC since the beginning. However, we don’t love all elements of the logo, and the presentation from both a visual and format perspective is not ideal (ie: no proper graphical/vector files exist). We’re fixing that. It won’t change drastically.
rambroziak (Discord): I do not know, it's possible, CSC has the opportunity to develop !!! Now we have a more important problem !!! When Cryptopia urucchomi payouts CSC
Although the Cryptopia situation occurred before the formation of the foundation, members of the team have been working on collecting data from the CSC community to attempt to first establish how many coins may have been lost on Cryptopia. We have a reasonable idea of the figure now, but in our correspondence with Cryptopia, our figures don’t match. We’re currently waiting on a response from them to our latest email and we hope to have something to share with the community this month.
Whufc4life1 (Discord): Just wondering - how are you guys planning to handle KYC/AML procedures across different jurisdictions?
With a licensed KYC provider, the visibility/transparency of a blockchain and a GLI compliant product, AML issues will be to the highest standard possible. This is actually an area where blockchain is a significant upgrade over current best practices.
nioConisaC (Discord): Will the Bankroll Manager wallet offer feature of bridge currency?
We will not use that feature from the start but it does allow us to implement customer specific reward programs in the future where points/rewards are being issued and linked to CSC.
Boyo (Discord): have the devs contact coinmarketcap to add the new csc?
CoinMarketCap has been contacted and will update CSC to the new network once an already connected exchange implements it.
mark (Discord): I’m still curious how the csc revival came about, I recognise a few of you from the bitcointalk forum a few years ago, but how did the likes of john and the rest of the board come about?
John: It’s really about timing. When I left PokerStars in ‘14, I took some much needed time off. I studied the crypto markets (including CSC) at that time, and felt that the market/world wasn’t ready yet. Then, in early 2016, my wife started really getting into crypto. This got me back into it on a regular basis. The possibility of starting the Foundation was broached to me summer of this year and I felt the timing was right.
Request to Roger Ver: Please remove 3xploit as a moderator of /r/btc. Anyone who upvotes this post is showing their agreement with this request.
Reposting this here because it was censored from /btc. For those that are not aware due to the censorship going on here (yes, I thought this was a censorship-free sub too), 3xploit also known as Marshall Long has a long and scam filled history in Bitcoin. There is no reason he should be a moderator of this sub or be playing a lead role in Bitcoin Classic development. To summarize:
He Co-founded Cryptsy as CTO. Cryptsy later lost 100% of their "cold storage" reserves due to a completely preventable security failure. When this breach occurred, Cryptsy's only immediate action was to cover everything up and act like nothing ever happened.
He acted as "distributor" for Mining Asic Technologies, an obvious scam to most. MAT went "bankrupt" before preorders were delivered. 
He did marketing for Ziftr. Ziftr is a shitcoin which purely relied on deceptive marketing to sell it's IPO. It was worded in a way that made people think the company issuing ziftrcoins would set a price floor far above the IPO price, just like Josh Garza did with Paycoin. This coin was supposed to be "pegged" at $1 per coin. It now trades for 1/500th of that promised value.
He was commissioned by his buddy Josh Garza to lead the initial development of Paycoin. He and his developer ended up just copy/pasting Peercoin and changing a few lines of code. Despite it being nearly identical to Peercoin, Paycoin catastrophically failed a few days after launch and the entire Paycoin network had to be temporarily shut down. 
He and his buddy Leo Iruke (CEO of Finalhash) were commissioned to draft Garza's escape to Dubai exit strategy.
Please also leave a comment and state whether you agree or disagree, please, so we can get a clear view what this sub-reddit wants. 3xploit being a moderator here as well as being part of the Classic development team is unacceptable.
What is FLO? FLO is a cryptocurrency that introduces a worldwide public record for storing information. FLO coins are needed to pay for storage capacity, and coins are issued to reward participants for their work to secure and distribute information. FLO is used to send payments and store data. This encourages building applications because anyone has the ability to write data into FLO. How does FLO work? FLO is a network similar to bitcoin where the open ledger is secured by miners competing to find proof-of-work. FLO has its own ledger, called the FLO blockchain, that can be thought of as a digital public space for storing information.
40 second block generation allows for fast confirmations, but not too fast to cause problems with network synchronisation.
No pre-mine, super-blocks or zero-blocks at the start.
Quick difficulty adjustment should limit insta-mining in the first hours after launch.
A floData can be added to any coin transaction. This can be used to attach a simple message or reference to a transaction, or for any other purpose decided by the coin receiver and sender. floData is currently limited to 1040 characters. Both the GUI and RPC interface have been extended to implement this feature.* The floData field can be seen under the "Transactions" tab when you double click on a a transaction ("Transaction information"). Also available from the terminal by doing "listtransactions".
Note that floData is stored in the block-chain and are therefore public. If you want to send private information in your floData you should encrypt the message using a method agreed upon by the sender and receiver.
floData has minimal impact on the size of the block chain due to small size (relative to the size of a block in the chain) and the fact that it does not take up any extra space when not used in a transaction. Transaction costs (calculated on transaction size) also offset the impact of slightly larger transactions when floData is included.
Block target spacing: 40 seconds Difficulty retargets every blocks Block reward: 100 FLO, halving every 800,000 blocks (about 1 year) Maximum coins: 160 million FLONetwork port: 7312RPC port: 7313
Mooncoin History In fact YOU are writing it now. "Fairytales of yesterday will grow but never die". BTW do you know that Mr. Chris P.Thompson has included Mooncoin in his book about Cryptocurrency? At the moment his another book titled 'Mooncoin. Philosophy of Decentralisation' is in progress! And that during 2 days after a launch of Mooncoin (December 30, 2013), people have posted ~2,000 posts in Mooncoin thread at the largest crypto forum Bitcointalk? Do you know that in January, 2014, a $170'000 was the market value of 1 Billion of Mooncoins and 24 hour volume was ~ 1+ Billion of Mooncoins? People remember 20+ Satoshi for 1 Mooncoin on coinex.pw and a very large trading volume, and ~2000 Litoshi at Cryptsy when a price of LTC was ~$20. An interesting fact is that in 2015 Mooncoin became the first coin which had implemented an advanced payment gateway, that allowed to buy using Mooncoin on the largest and famous internet marketplaces (Amazon.com, eBay.com, Overstock, Groupon, Barnes&Noble etc.) Unfortunately, the project had been alive only during several days and then automatic exchanging of MOON->BTC (provided by coingateway.net) had stopped working, at the very moment when people were ready to start buying with Mooncoins. Coingateway.net had stopped delivering a service and answering support tickets as soon as they had got their reward and a bonus in Mooncoins. As you probably know, the Mooncoin community never gives up! At the moment you can buy with Mooncoins through the payment gateway of Cointopay, a Netherlands-based company. Have you heard anything of deaconboogie, a legendary and mysterious creator of Mooncoin, who had disappeared suddenly after having reported health problems? We don't know what happened to him, but due to his sudden disappearing Mooncoin has managed to prove its decentralised nature - it's time tested now and is working well even without its original developer. Do you know that after cyber attacks against PCs of three Mooncoin users in December, 2014 (organised by Dark Side) the Mooncoin source code was examined by an independent expert, Titan, Luckycoin's developer (Dogecoin was basedon Luckycoin). CHECKED.OK. Please don't forget toprotect your PC against attacks! Newbies are often told at crypto related forums about how insecure Proof-of-Work coins are, and that someone with a 51% of hash power can do whatever he/she wants with a network. Meanwhile there were only pretty unsuccessful attacks against the Mooncoin network, the last attack was with the hash power of 30 times higher than other Mooncoin miners had together (who could do that? this kind of attack costs really a lot) and again with no success. Mooncoin is a fair coin with no premine, nor IPOs/ICOs. Here is an interesting detailed independent investigation into fairness of distribution/mining of many well-known coins. The author says regarding Mooncoin: "This isn't a sneaky or hidden fastmine". At the same time he indicates that: "The first reward halving goes from 2,000,000 for the first 100,000 blocks to 1,000,000 up to block 200,000. After that, the block reward begins to halve faster; at block 250,000 (600K Mooncoin), then block 300,000 (350K Mooncoin) and block 350,000 (175K Mooncoin). This shortens the block generation period in half, which quickens the rate of coin generation to a smaller amount. This process accelerates as block 375,000 ends a quick 25,000 block generation period of 100K Mooncoin. A mere 9,000 blocks, up to 384,000 blocks, brings about another block halving to 50K Mooncoin. After this, the rest of the coin generation is a tepid 29,531 Mooncoins per block. Bitcoin's block halving is simple and slow. From 50 BTC per block, to 25 BTC, to 12.5 BTC, and to 6.25 BTC per block over 16 years. Mooncoin was started on December 30th, 2013. By March 26th there were 58 billion Mooncoin, which was about 15% of the total expected production. By May, there were 98 billion Mooncoins in existence, representing 25% of the total expected production". There are also very interesting facts about Nxt, Dash (formerly Darkcoin) and other famous coins in the investigation. And it's interesting what would the author say about ICO coins which are popular these days? The Coingecko's summary for Mooncoin confirms that 'There is no premine for this coin'. To prove that Mooncoin was really fair unlike many coins, even with a described above scheme of reward halving, there is one simple fact: first adopters couldn't gain a lot at the beginning simply because of when rewards were big, more miners were mining Mooncoin (see above: during 2 days after a launch of Mooncoin people have posted ~2,000 posts in Mooncoin thread at the largest crypto forum which indicates how many miners were active those days), the author forgets that (if we speak about fairness and the first adopters) it matters how many Mooncoins ONE miner was and is able to mine and for which price he/she can/could sell it. The initial price of Mooncoin was 0.00000001 BTC and now it's not higher unlike Bitcoin's price (in 2009-2011 its price was $0.001-$1 and common people had no chance even to hear about Bitcoin, so first adopters were able to mine hundreds of thousands of bitcoins, no matter how block halving worked). Quite the opposite, in late 2013, when Mooncoin was launched, almost everyone had heard already about Bitcoin and cryptocurrency from TV, Internet, so way more people had equal chances. The launch of Mooncoin was a pre-announced event, and many people were ready to mine it (there was some mix-up at the beginning though). Also on December, 28, 2013 an original developer had made an announcement: "On July 21st, 2014 it will be the 45th anniversary of the lunar landing by the Apollo 11 astronauts. On this date, Mooncoin will begin to release one MOON for every USD spent on the Apollo space program at an accelerated rate: 25.4 billion!" That was a one time only event and people had been waiting for it for 7 months. How do you think, what made a famous domain investor from Alabama, Gregg Ostrick transfer a valuable domain mooncoin.com to the Mooncoin community when the community needed to replace offline deaconboogie's mooncoin.info? How many notable coins have their own .com domains? Litecoin, Dogecoin and ...? :) Not to mention many other things... Moon Jedi Members, Moonlite, Smart Likes... Mooncoin history was, is, and always will be interesting. Source: mooncoin.com
Hello cryptocurrency lovers! Welcome to Coin-a-Year, the laziest series yet in the Coin-a-Day publishing empire. This year's coin is Nyancoin (NYAN). I originally covered Nyancoin in an article here in /cryptocurrency published January 4th, 2015. Without (much) further ado, I'm going to include the original report next, unmodified. This is unlike my Coin-a-Week series, where I use strikeout and update in-text. Because this is going to be a longer update, I'll just make all further comments and updates below, just realize that all information below is as of January 4th, 2015 and thus is more than a year out of date as of posting now, at the end of February 2016. Since I use horizontal rules as internal dividers in the original post, I'll use a double horizontal rule to divide the original text from this prelude and the following update. Coin-a-Day Jan 4th Welcome to the fourth installment of Coin-a-Day! To see convenient links to the introduction and the previous entries, please see /coinaday. Today's coin is Nyancoin (NYAN). Summary • ~173.6 million available currently ; 337 million limit  • All-time high: ~0.000024 BTC on February 16, 2014  • Current price: ~3 satoshi  • Current market cap: ~$1,275  • Block rate (average): 1 minute   • Transaction rate: ~25? / last 24 hours; estimated $3-4  • Transaction limit: 70 / second  • Transaction cost: 0 for most transactions  • Rich list: ???  • Exchanges: Cryptsy  • Processing method: Mining  • Distribution method: proof-of-work block rewards and 1% premine for "bounties, giveaways & dev support"   • Community: Comatose  • Code/development: https://github.com/nyancoin-release/nyancoin ; there hasn't been a released code change in 10 months. The new developer has talked about some changes, but has not made a new release. He has given advice about how to keep the network running and operate the client.  • Innovation or special feature: First officially licensed cryptocurrency (from Nyancat) ; "zombie"-coin  Description / Community: So you're probably wondering why in the world we're talking about a coin which has been declared dead and already written off. I actually first selected this coin to illustrate a "deadcoin", but the more I dug into it, the more I was amazed at the shambles I discovered. I am combining the description and community sections for this coin, because the community (or lack thereof) is the central issue for Nyancoin. Substantially all, if not literally all, of the original infrastructure is gone. From the announcement post, the original website has expired. The nyan.cat site itself survives, but has no reference to the coin. The github repo remains, but then there was never much changed from the bitcoin/litecoin original. In fact, the COPYING file doesn't even list "Nyancoin Developers". None of the original nodes seem to be running anymore. @Nyan_Coin hasn't tweeted since July 6th. And that was just to announce posting an admittedly cute picture to facebook which makes a claim for a future which seems never to have developed. Of the original 15 pools, I think all are dead except p2pool, for which at least one node still supports NYAN. The original blockchain explorer, nyancha.in, is still running. The faucet is dead or broken. The original exchanges no longer list it (two of the three having died; SwissCEX having ended its trading as of the first of this year). And so forth. And yet:
[Of course, that scene finishes with knocking out the "recovering" patient so he can be taken away...not to mention the absurdity of including Monty Python in a financial article, but moving right along.] There is still just enough left to Nyancoin to keep it twitching, even if it is on life-support. Whether it's an individual node or whether it's a pool, there are blocks being produced at a steady rate as intended. Transactions are being processed. There is still a market. There is still a block explorer. And there is a dev. It is like a case study in the absolute minimum necessary to keep a coin alive. The most likely outcome is almost certainly a final collapse when one critical piece or another of the infrastructure goes away. And yet in the meantime, a person can own a million NYAN for $8 , and then move this coin quickly and easy, albeit with no particular external demand. It's like the world's most hyped testnet. I think this case presents an interesting example of what happens to an altcoin when its initial support dries up. NYAN coin is more fortunate than some, actually, as there are some where there are no longer any nodes running it nor the original announcement thread (in fact, there was actually a second Nyancoin launched around the same time. But it died hard and its original announcement thread was deleted and at this point I would have no idea how to access it; so "Nyancoin" thus illustrates how hard a coin can die (Nyancoin 2) as well as how it can hang around despite being proclaimed dead, with far more justification behind that pronouncement than there has been for bitcoin (NYAN) ). Footnotes  http://coinmarketcap.com/currencies/nyancoin/  https://bitcointalk.org/index.php?topic=402085.0 Regarding the premine, it's unclear to me where this money is now, since the original poster hasn't been active on BCT since May and the original site is down. However, given that it's only 1%, and about $25 in value right now, there seem to be more significant concerns for NYAN.  http://nyancha.in/chain/Nyancoin - Nyan blockchain explorer; blocks are somewhat inconsistent but somewhere around the 1 minute average  There doesn't seem to be anything automatically doing these stats, so I did visual inspection on about 1500 blocks (about one day) excluding the block generation reward (~250k/day). Most blocks are otherwise empty. I counted about 24 transactions or so scrolling through, with an outlier around 300k NYAN and another around 100k NYAN. In total, about 500k NYAN, excluding the block rewards. This is very approximately $3-4.  Nyancoin is a basically unmodified, slightly out-of-date bitcoin as far as code goes, and ignoring the change in block rate and total coin supply, as well as the difficulty retarget after every block. So for purposes of estimating maximum possible transaction throughput, I start with bitcoin's estimated 7 transactions per second, and multiply by 10 for having a block on average every minute rather than every 10 minutes. In any event, this limit is not likely to be reached in the foreseeable future.  Like bitcoin, transaction fees appear to be optional in Nyancoin. Unlike bitcoin, there is almost no transaction volume, and coins tend to sit for a relatively long time before being moved. So zero-fee transactions appear to be the norm from looking at a couple transactions on the block explorer.  I couldn't find one. See the disclosure section of this article: your humble correspondent is likely represented in some way on a top 100 if one were to be made or if one exists, despite not holding it directly, depending on how the exchange holds it.  I could not find any other exchanges still listing Nyancoin. SwissCex appears to have disabled it as of a couple days ago. Cryptsy has a notice that the NYAN/BTC market will be closing, but its NYAN/LTC market appears strong.  Essentially all of the original sites, pools, faucets, etc. are dead and there has been very little to replace it. There is basically a single node, or perhaps a very few, which are running the blockchain. However, there is a developer still trying to hold things together, maxvall_dev, maxvall on BCT. He is the last hope for the NYAN.  https://bitcointalk.org/index.php?topic=597877.0 This is the thread where maxvall took over as dev, and it also discusses switching to PoS, which hasn't happened as far as I know.  "zombie"-coin: Not to be confused with ZMB (my god, does it ever end?). This is my term to describe a coin which is "undead": by rights it should be dead. And yet it's still walking around and acting like it's alive. What is it? What's going on? It's quite debatable whether this gives it any special value, but I find it an interesting state, and it's why this was chosen for early coverage. There are plenty of actually popular and successful coins, and we will go onto covering more normal selections; we're looking for variety rather than repetition. But I think this is an interesting example for what can go wrong, and yet in the midst of that, how little it takes for a coin to survive. In fact, it's almost like an alternate history bitcoin to me; this shows the concept that "it was run on one computer before; it can be run on one computer again" to some extent. And there are even some strange pragmatic benefits as well, like having no competition for getting a transaction into a block and thus zero transaction fees.  And, in fact, the author chose to do so today, spending about 0.03 BTC for about 1 million NYAN. Additional Reading • /nyancoins - Like NYAN: mostly dead, but not quite • http://nyan-coin.org/ - new official website • BCT thread listing nodes, xpool (p2pool), for mining information. • americanpegasus predicting in February that NYAN will hit $1; always an entertaining read Giveaway Instead of a challenge today, since NYAN has enough challenges, I decided I would give away 10,000 NYAN to at least the first ten people who ask for it. This still remains at my discretion, but honestly, if you really want, say, 50,000 NYAN and create four new accounts to do so, I'll probably be too amused to say no. I don't expect to get ten requests. If I get more, I'll probably still fulfill them, but as with everything else, this is left to my whim. Donations and Disclosure Okay, this is an important one today because of the tiny market here. I actually hold less USD value in NYAN than in BTC, DOGE, and PPC (although my value in PPC might be about equivalent actually), but I hold more of the total market in NYAN than any of those three. And I'll probably be buying more. So I have a conflict of interest in writing this article. I am not providing financial advice and I do not make any recommendations of any sort on any matters. Make your own decisions; do your own research. Please, I do not want to hear about anyone doing anything "on my advice." I am not offering advice. I personally hold just over 1 million NYAN on Cryptsy right now. Perhaps it would be better if I didn't write any articles about anything I were invested inspeculating on, but I started this series for my own education to further my speculation, so unfortunately, dear reader, your needs come second to my own. tanstaafl; you get what you pay for, and I'm giving you my thoughts. If by some strange quirk of fate you actually own NYAN and enjoyed this article and wished to donate some to me, K7Ho9HghBF6xWwS6JsepE6RAEPyAXbsQCV is mine (first non-empty account I've posted; transferred 1000 NYAN into here earlier from Cryptsy to test that the network and my wallet were actually working). Thank you all for reading and commenting! I've already learned a lot from this process and I look forward to more! Upcoming coins: • January 5th: Nxt • January 6th: Darkcoin • January 7th: Namecoin I'll use alphabetic labeling for footnotes in the updates to avoid any confusion with the footnotes in the original. For simplicity, unchanged items, like the 337 million limit and the 1 minute will not be mentioned, and we'll start with the summary changes. Updates: Summary
Community: We're not quite dead yet; in fact, I think we're getting better! [f]
Code/Development: I have an early draft of NYAN2, but I'm about six months past my initial goal for having it available to use. Life/work/lack of build machine/procrastination. NYAN2 will be a rebase onto a modern LTC codebase which will soft fork to fix a current vulnerability to a fork bug. For now, the network still runs on the same code that it did when I wrote the first article.
Discussion I'm going to consider the community first, since I pointed it out as the weakness and central topic in the last one, then talk about the technical situation briefly, and then review the financial results. The community has been excellent, if I do say so myself. We've got working infrastructure going thanks to the contributions of many Nekonauts (see [f]). Some original Nekonauts have returned or at least popped in from time to time, and new ones like myself have found Nyancoin (I would say given what I wrote in the original, I was still a skeptic of it at that point. Not that skeptics can't be Nekonauts, but I think I'd put my conversion to the cult of nyan shortly after writing that, even though I was already a nillionaire then for the heck of it.) While I do look forward to seeing the community continue to grow in future years and consider that important, I don't think the community is our weakest point any longer; I think it's now our strongest point. I've tried to encourage the community's revival as best I could, including giving away tens of nillions in total, and lots of long rambling articles on my views on ethics and philosophy and frankly it's worked better than I would've really expected (or at least it has coincided with an effective recovery of the community). The community also helped me through at least a couple hard times personally in there as well. The technical situation in Nyancoin is mostly unchanged but slightly improved, although with two additional known vulnerabilities. It's unchanged in that it's the same client. It's improved in that we have an active nyanchain explorer host (nyan.space), and we have a public draft of a plan for a soft forking security fix update in the near future (hopefully by the end of March (although I've slipped these deadlines before and may well miss March for release by a bit, I do think I'm inching closer now and then)). The most serious vulnerability is to forking. This is the bug which hit Peercoin if I recall correctly. NYAN2 is intended to solve this through its soft fork from the LTC fix upstream (from the BTC fix upstream). In the meantime, we've been lucky we haven't been attacked. The tiny marketcap probably helps with not being a particularly attractive attack target. We're not exactly about to pay ransom to move faucet outputs. But that's no excuse; we want this fixed and should have it finally done "soon" (tm). The less serious vulnerability is to a time warp attack in the difficulty function (Kimoto Gravity Well), which relates to general weaknesses it has and issues we've had with large gaps in the block chain because of spikes in the difficulty function causing it to be unprofitable and driving away most of the hash, and then low difficulty and price rise making it attractive to more hash, creating a spike and causing it again. While this is irritating, the chain still works, even if there are fits and starts at times. An important part of the reason I can get away with this is because there is at least one Nekonaut-supporting miner, CartmanSPC, who rescues us from time to time, and did so during the course of this article being written. We have a bunch of pools, but sometimes the hash just isn't there to get us unstuck when the difficulty goes high enough. Another part of the reason I consider it not an especially serious issue is because there's a workaround which works for me (classic bad developer logic): I use a large transaction fee (generally 337 NYAN, although I might have halved it after the most recent halving, I'll probably use 337 again) on my personal wallet by default. If necessary, I use a couple of them. It can make NYAN profitable to mine again despite the higher difficulty and "unstick" the chain. The difficulty function can go back down again in the next block if the gap has been long enough, so that can be enough to keep it going again for a while (although it can also get stuck again irritatingly fast at times). A fix for this will be putting in a better difficulty function for NYAN3, which will require a hard fork. This is tentatively scheduled for feature freeze around the middle of this year, coding to follow, activation sometime early 2017. Financial has been our most disappointing performance. A graph of the 1 year performance right now on coinmarketcap looks pretty sad, showing our fall from a little over 60 satoshi down to around 7 satoshi now. We rose too high, too fast, and I didn't stick with the safe high paying job like a sane person. Instead I hit the road, went to jail, and worked minimum wage. That doesn't sound like a sentence from a cryptocurrency financial review, does it? But the performance of NYAN since the article has been the story of my personal finances, which is the story of my life since then. So, autobiographical coinaday interlude, trying to keep it generally to the most salient points. Well, in 2014 I had been on my way home to Minnesota from California when I was pulled over leaving Eureka, Nevada for speeding (got sloppy and went 45 approaching the 45 sign and thus technically still in the 35; bored cop seeing out-of-state plates). My vehicle reeked of weed, what with having been in Mendocino County previously with no intention of traveling out of the county much less state anytime soon but family emergency brought me back, and the end result was a citation for possession of cannabis and paraphernalia along with the speeding. Fast forward to the beginning of 2015, I'm settled into a good software position and start looking more at cryptocurrency in my spare time. I write the coin-a-day series for a bit and then got annoyed and quit after a while when trying to do one a day on top of an actual job was too much for me (along with some annoyance over criticism; I can be rather thin-skinned at times). But I had gotten interested in Nyancoin, and started buying it up more and more with extra money I was making. And then comes the crash. I had to stop putting as much in as I realized that where I was living and what I was working on wasn't going to work out for me and I needed to figure something else out. So, as I seem wont to do, I went on a roadtrip. I quit my job. And I went back for the court date for my citations and refused to pay, instead spending 10 days in jail rather than pay ~$1400 (I actually had the money in cash available to me if I chose to pay as a backup if I chickened out, but the judge annoyed me enough that I really preferred to be jailed instead of paying, as stupid as that sounds since I'm quite sure the judge didn't care in the least one way or another). After that, I went back to roadtrip lifestyle for a while. It was a nice period. A lot of beautiful scenery; a lot of reading. Eventually, I busted up my car pretty badly...a couple times actually, the second time for good. Fast forwarding through the rest of the year, I worked a couple minimum wage jobs to pay bills and avoid cubicle life and kill some time until I figured out what I was going to do next. Just recently I quit as delivery boy after getting a speeding ticket (I swear, I'm not as horrible of a driver as this makes me sounds, although I have had a bad tendency to speed in the past, which I really have curbed to almost nothing; but I'm clearly not good enough) and am currently writing a Coin-a-Year article with a friend's incentive and applying to do documentation and development with the Nu project. Okay, so what did any of that have to do with NYAN? Well, it's the mess of a life that has led to the fall of the price from 60 satoshi to 7 satoshi. If instead my life history for the time since the article had been simply "I was happily employed writing software", then I don't believe we would have dropped below 20 satoshi. It's easy to see in hindsight. If anyone can lend me a time machine, I'm sure I can get some condensed instructions which should improve performance significantly. Otherwise, just going to have more chalked up for the "character building" tally. So, lessons learned if you are the major buy support for your coin: you need long-term reserves. Whatever you put in bids can be taken out in a moment by a dump for no apparent reason. This is particularly true if you may be quitting your cushy, high-paying job and wandering around without income for an extended period of time. Rather obvious, but hey, maybe someone else can learn from my mistakes. If I'd been bidding as cautiously as I am now from the beginning, I think the price would probably be somewhere from 10-20 satoshi now instead of around 7 satoshi. It's especially unfortunate given that I wanted to be able to demonstrate the more consistent growth possible building a stable store of value, as opposed to the pump and dumps common in altcoins. And instead we had a pump-and-dump looking graph ourselves after I bid up higher than I was able to sustain, and a large (10+ nillion) instadump crashed the market all the way back down to 1 satoshi momentarily. We've had a few large (2+ nillion) dumps since, but nothing that large. We haven't generally had that large of bids though either. It's hard to know when I've exhausted the supply at a price level, when it sometimes waits for a couple weeks or even more and then fills all the bids at once. But I want to maximize the minimum price paid because I think that's important for building confidence in a store of value long-term, which is one of my core goals for NYAN. At the same time, we're still up from the lowest parts of the floor and where I found it. Since I own about 30% [g], the very cheapest supply has been taken off the market. I plan to keep on buying up "cheap NYAN" as much as I can. I've bought up to 60 satoshi before, I'll probably buy up that high this time around. I've got a token 100,000 NYAN ask at 300 satoshi; I hope never to sell lower. Conclusions Now I try to wrap it all together as if I saw this all coming and am the wise expert, despite having had about 90% drop in price in the last year after bidding too high. My original concept was taking the "minimum viable coin" and reviving it to a powerhouse as a textbook example in how to do it. Part of my core concept in this is the arbitrariness of value: throughout history, humans have chosen any number of things as a store of value for the time: salt, large rocks, certain metals, disks, marked sticks, and so forth. While there has generally been a certain logic in the choice, in that there is a locally restricted supply in one way or another, and so forth, from the perspective of other centuries or cultures the choices can seem quite strange. Growing up, I was always struck by how strange the notion of salt being limited and valuable seemed in a world where people were trying to reduce intake and large amounts could be bought for trivial sums. And yet, a key nutrient necessary for life fundamentally makes more sense as being valuable than notched sticks or printed paper or a piece of plastic with some encoded information. Humans have perpetually come up with stranger and stranger ways of storing and transferring value. Each new step, as always, comes with its own disadvantages and, frankly, has generally appeared nonsensical at best and fraudulent at worst to the status quo. Which doesn't mean that each new attempt is valuable. The gold bugs always like to point out that every fiat currency ultimately returns to its true value of zero. And the skeptics of cryptocurrency argue that all cryptocurrencies will eventually return to their true value of zero. It's certainly possible. And it's possible the USD will hyperinflate someday. I tend to try the moderate view for a plausible guess of the future. By that type of logic, I would guess that over the course of decades, USD will in general lose value, and cryptocurrency will tend to slowly gain value. That might not seem the moderate view, but USD not losing value over decades would be truly shocking. And hyperinflation has been predicted since the USD went off the gold standard, or before. So some amount of inflation less than hyperinflation seems like the safe guess (but then, the Titanic arriving would also have seemed like the safe guess to me). And with cryptocurrency, I think it's clear by now the technology will continue to survive. So my first question is with what overall value as a market? It could go down, of course, but that seems unlikely in an already small, young market. Even if all the current crop die off and are replaced, whatever cryptocurrencies are around should be able to do better than a handful of billion in market cap in my view. I believe that cryptocurrency has a bright future ahead of it. The best coins should ultimately survive and thrive. But I've been wrong on most of my major calls so far, like for instance when I thought BTC was over-priced around $5-$10. I think Nyancoin can have an important role to play in the future of cryptocurrency in the years and decades to come, but it's a massively speculative long-shot. See also Nyancoin risks document. But like Linus Torvalds' autobiography, I try to keep "Just for Fun" as a core motto and principle. It's makes for a good hobby project because there will always be more to work on, with a core community motto of TO INFINITY AND BEYOND! Disclaimers / Sponsorship: As I said before:
I am not providing financial advice and I do not make any recommendations of any sort on any matters. Make your own decisions; do your own research. Please, I do not want to hear about anyone doing anything "on my advice." I am not offering advice.
And I'll reiterate that I own about 30% [g] of the current supply of NYAN, which makes me by definition maximally biased. Also, I'm not sure what's up with the address from the first post. It doesn't show up in my current wallet as a recognized address. So, anyhow, don't send there. :-) If you'd like to donate, please consider sponsoring a coin-a-day or coin-a-week article. This is the first sponsored article. This Coin-a-Year article has been brought to you by spydud22 's generous patronage. I'd been meaning to do a Coin-a-Week article on Nyancoin for a while, but between wanting to "wait until the price recovered a bit" and general procrastination, then it seemed like it would make a good Coin-a-Year article, and then I wanted to wait until the price recovered a bit more...anyhow, so thank you spydud22, for causing me to finally do this. :-) Footnotes
[a] nyan.space/chain/Nyancoin ; as of block 1091430, 263738786.71890615 NYAN outstanding. This is slightly over 50% more than the last report, which is what we would expect, since it had existed for about a year then, and has approximately annual halvings. The first year generated about 50% of total supply; the second year generated about 25% of total supply. We should expect in a year to have about 17% (one-sixth) more than we have now.
[b] https://www.cryptopia.co.nz/Exchange?market=NYAN_BTC ; this is the only market reflected in coinmarketcap and it is the primary one on which I trade. Cryptopia also has other base pairs which operate at significantly higher spreads (lower bids; higher asks) and have minimal volume. In the time since the last report, NYAN has traded as high as 60 satoshi (and briefly a little higher at times), but over the last almost twelve months since a peak about a year ago, the price has been generally declining overall, as a gross oversimplification of a lot of movements. This has been an effect of me not being able to keep buying as much and there being large dumps I wasn't expecting from time-to-time. Now I'm taking the approach of building large (one or more nillion (million NYAN)) bids on each price as I slowly work my way back up again in order to be able to handle possible dumps with less price shock.
[c] coinmarketcap.com/currencies/nyancoin/ ; as noted in [b], this only reflects the /BTC basepair on Cryptopia but that's where most of the volume is anyhow. Of course, the market is also not particularly liquid since I'm the primary buyer and have rather limited means currently.
[d] I haven't setup a script to count this yet, among many things on my to-do list for someday, so I went through by hand from what was the then-latest block of 1091430 on nyan.space back to 1089766 which was the first block generated less than 24 hours before. There was actually a three and a half hour block gap at that point, such that the next prior block was about 24 hours and 15 minutes before 1091430 while 1089766 was only about 20 hours and 45 minutes prior, and has a disproportionate number of transactions and value compared to a typical block (8 and ~313,000 NYAN respectively) from the build-up during the gap. But since that gap conveniently started right about at the start of the 24 hour period, doesn't really skew our results here.
Note that there are often times where the UTXO created during one transaction during the day is spent during a later transaction in the day. This can be considered the "same" Nyancoin being "spent" twice in the same day in our total. But in practice, I believe what's happening here is the faucet is breaking off small (10-50 NYAN) pieces from a larger (~40,000 NYAN) chunk, and so that pops up a bunch of times. So the total NYAN blockchain volume as counted for this topline number should not be interpreted as "NYAN spent in the day" but "NYAN moved on the chain", where the "same coin" can move many times. So it's a very easily gamed metric and not a strong / resistant metric like the market price tends to be (at least relatively speaking), but it's a fun number to calculate and provides a little bit of information. The transaction count can also be easily inflated and certainly, for instance, having the faucet does generate transactions which are a very common transaction. And this is also just an arbitrary 24 hour period compared to a previous arbitrary 24 hour period. Nonetheless, I do think there's clearly a bit more activity on the Nyanchain, even though the typical block is still empty and the number of transactions and volume is still tiny compared to the major cryptocurrencies. Here's an arbitrary example of the faucet transactions Note the zero transaction fee, which I love that the miners support (the defaults are all quite low as well). Here's an example of what may be the smallest transaction by NYAN volume of the day; but no, I followed its small, spent output, and it led to this gem which also links to this. I have no idea what's going on here, but it's hilarious and I love it. How's that for microtransaction support? :-)
[e] Obviously Cryptsy went down. We had had more than enough red flags with Cryptsy (including one time where I was able to withdraw 6 nillion more than I had in my balance) and got onto Cryptopia. spydud22 basically accomplished that for us, although I helped out in the tail end of the campaigning.
[f] Our community is still small (I wish there were literally dozens of us!) but we've had valuable activity from multiple people, including, just as highlights, vmp32k who hosts nyan.space, a clone of the original nyancha.in, jwflame who created the excellent nyancoin.info intro site, with the awesome status page (which currently notes that "the last 500 blocks actually took 111 minutes, which is approaching the speed of light, causing the universe to become unstable"), KojoSlayer who runs the faucet and dice, spydud22 who got us on Cryptopia, and many other Nekonauts have made worthy contributions, and the Nekonauts mentioned have done more than just that listed. So while we are small, we are active at least from time to time and technically capable.
I may have lost 457 LTC to BTC-E - Please help. :(
Hi! This is an update from my previous post concerning the transactions that took a long time to confirm : http://www.reddit.com/litecoin/comments/2b4k7m/why_is_my_transactions_remains_unconfirmed_afte Anyway, right now I'm in a middle of crisis where it's highly possible that I may have lost the massive LTC deposit to them. Long story short, I sent two deposits that summed to 457.17196053 from Cryptsy to BTC-e. However, it didn't get confirmation for a long time for some reason, Cryptsy support said that the destination wallet may be out of sync and by that time, I realized that LTC deposit in BTC-e was in some kind of maintenance mode. I did check their twitter before I send the deposit and read "no scheduled maintenance work in DC, can potentially prevent to deposits withdraw coins." This is probably my biggest mistake : I read it as "There's currently no scheduled maintenance" and assumed everything was in order. So I sent it and 39 hours later, I still haven't got it. I contacted support the first time about an hour after the transaction remain unconfirmed (Ticket ID: QLD-611-62954) but received no reply. And after they posted the news that they generated new addresses, I immediately opened a new ticket (#PUH-189-19439) which requested them to process my deposit that was sent before the update. They did reply and requested the detail which gave me high hope of it getting fixed. My deposit got confirmed about half an hour after the news so 8 hours later, they pretty much copy-pasted the news and replied to me saying that they can't process deposit on old addresses. The thing is, I did send it 8 hours before I was made aware of the news and I think the delay and the maintenance was no coincidence. And now I'm really concerned and worried that I may lost it all despite the fact my deposit was already sent elsewhere and presumably already in BTC-E control according to my address history. TL;DR : Deposit got unconfirmed for a long time - by the time it got confirmed, BTC-E suddenly refused to process deposit on old addresses. They seem to already hold the money Please advise me on the best way to solve this. You may also post in this Bitcoin thread that I made yesterday (contains long rant): https://bitcointalk.org/index.php?topic=702456.msg7939817#msg7939817 Transactions : http://ltc.blockr.io/tx/info/e18c538760edab188831e00ec965b7369fd088ab2c06b846e906c6db5742825fhttp://ltc.blockr.io/tx/info/2e969c4fc1ea76f3eba02a341845e3451cdb5e4ec6f5b31c16a0b336c9ca7344 Address : http://ltc.blockr.io/address/info/LTxs9tXvHear7GpYmzopaz2XNEweDJZkqe Hopefully if I garner enough support, it may increase my chance of recovering my fund. Thanks in advance! :)
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