Coinbase – Buy & Sell Bitcoin, Ethereum, and more with trust
Why did Coinbase pay $1 million to CryptSy users? - Quora
Bitcoin exchange Cryptsy may have gone full Mt Gox ...
Discussion about Primecoin and its infra. Primecoin is a very innovative cryptocurrency, being the 1st non Hash-Cash PoW crypto, naturally scarce (not artificially), with very fast confirmations (1min), elastic readjusting reward & a useful mining (byproducts are primes). Primecoin is sustainable (miners are guaranteed to have revenues), and decentralized (ASIC/FPGA are not particularly advantaged). Sidechain for decentralized data applications (e.g. Storj) currently in development.
I've been working on a bot for crypto subs like /r/bitcoin for a few days now. Say hello to crypto_bot!
Hey guys, I've been working on crypto_bot for some time now. It provides a bunch of features that I hope will enhance your experience on /bitcoin (and any other subreddit). You can call it by mentioning it in a comment. I started working on this a few days ago. I'm constantly adding new features and will update this post when I do, but if you're interested I'll post all updates and some tips at /crypto_bot. Please either comment here, message me, or post there if you'd like to report a bug, request a feature, or offer feedback. There's also one hidden command :) You can call multiple commands in one comment. Here's a description of the commands you can use:
Responds with the USD price of one bitcoin from an average of six of the top bitcoin exchanges (BTC-E, Bitstamp, Bitfinex, Coinbase, Kraken, Cryptsy).
Responds with the USD price of one bitcoin at seven exchanges (all of the ones listed above, plus LocalBitcoins). Also lists the average at the bottom.
Responds with the USD price of one bitcoin from [exchange] (any of the seven listed above).
Responds with the USD price of one litecoin, or the price of 1 doge and 1,000 doge.
crypto_bot litecoin|ltc [exchange]
Responds with the USD price of one litecoin from BTC-E, Bitfinex, Kraken, or Cryptsy.
Responds with the price of one bitcoin in the specified currency. Available currencies (symbols): JPY, CNY, SGD, HKD, CAD, NZD, AUD, CLP, GBP, DKK, SEK, ISK, CHF, BRL, EUR, RUB, PLN, THB, KRW, TWD.
crypto_bot [about|info] [arg]
Responds with a short description about [arg], as well as a link to an external site (Wikipedia, bitcoin.it, and some others) for more information. You can list multiple arguments and get a description for each. Available arguments: bitcoin, block chain, transaction, address, genesis, satoshi, mining, confirmation, coinbase, gox, cold wallet, hot wallet.
Responds with calculations and information about how a miner would do with the above data (mining calculator). The only required field is mining speed. Order of the arguments does not matter. Everything other than hashrate defaults to the following if not given: w (watts): 0, kwh ($kilowatt cost/hour): 0, difficulty: current network difficulty, hc$ (hardware cost): $0, $: current bitcoin price in usd (according to Coinbase), % (pool fee): 0. The calculator does not account for nor allow for input of the increase/decrease of difficulty over time, though I may add this feature soon. Working hashing speeds: h/s, kh/s, mh/s, gh/s, th/s, ph/s. Example usage: "crypto_bot calc 30th/s 10w .12kwh hc$55 1.5%" (to make it easier to remember, th/s can also be inputted as ths). This calls the bot with a hashrate of 30 th/s, electricity usage of 10w, a cost of $.12 kWh, a hardware cost of $55, and a pool fee of 1.5%.
crypto_bot number of btc <$amount to convert> [bp$bitcoin price]
Responds with the number of bitcoins you could buy with <$amount to convert>. If the comment specifies a [bp$bitcoin price], it calculates it with that exchange rate. Otherwise, it uses the rate from Coinbase. Example usage: "crypto_bot $419.29 bp$180.32" This calculates how many bitcoins you can buy if you have $419.29 and the bitcoin exchange rate is $180.32.
Signs a message in the bitcoin block chain in a transaction using OP_RETURN. The message must be less than 40 characters. Example usage: "SignMessage! "Post messages in the block chain!"" I hope you find this bot useful! Again, if you have any questions or comments, please either comment on this post, message me, or post on /crypto_bot. Update 1 (June 24, 2015, 17:35): The bot now responds with information if you post a link to a block, transaction, or address on Blockchain.info in a comment, even if you don't call it. For example, if I wrote "https://blockchain.info/block/0000000000000000126448be07fb1f82af19fbbf07dd7e07ebcd08d42c2660cb" in a comment, it would respond with information about block #362,377. Update 2 (July 10, 2015, 1:59): The bot now has two additional commands: "unconfirmed transactions" (or "unconfirmed tx") and "explain transaction delay" (or "explain tx delay"). The first command responds with the number of unconfirmed transactions, and the second explains why transactions might take extra time to confirm. Update 3 (August 24, 2015, 1:34): The bot now responds in a better way than before when transaction ids or addresses are posted. Before, it only responded when the transaction id or address was used in a link to Blockchain.info. Now the bot will respond whenever a transaction id or address is posted at all; a link to Blockchain.info is no longer necessary. Update 4 (August 27, 2015, 3:00): The bot can now sign messages in the Bitcoin block chain using OP_RETURN.
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!
Signs Bitcoin is not going to reach mass adoption...
Bitcoin isn't going to go mainstream. No amount of Lightning Network (coming soon), SegWit (coming soon), bigger blocks (coming soon), or hard forks (never coming soon) is going to spur mass adoption. Here are some tell-tale signs that Bitcoin is still on the fringe and will remain so. I used Bitcoin for blank, give me karma. Whether it's buying or selling something for Bitcoin, there are always those posts that seek confirmation from the echo-chamber that what they did is good for Bitcoin. You know what you don't see? Posts anywhere on reddit along the lines of "I bought this X for fiat from Amazon." You know why? No one cares if you use cash because it is mundane, widely available, and trivial to use. It is a tell-tale sign of mass adoption. Bitcoin technology is going to revolutionize the BLANK INDUSTRY. Capitalists are the kind who will find and exploit every advantage they can to gain a competitive edge. Be it technology, process, idea, or whatever if it can be turned into a money making machine. There have been estimates that Bitcoin has a $10 billion market cap, which is certainly impressive for something that came from nothing. But in the grand scheme of commercial trade it's a drop in the bucket. If Bitcoin were truly revolutionary, capitalists would have exploited it and actively contributed to its development already. Sure, there have been some minor localized successes, but not one truly revolutionary and successful billion dollar company has arisen. Not one Bitcoin company is a ubiquitous household name or brand. The ones everyone knows about in the Bitcoin space are irrevocably linked with fraud. Mt. Gox and Bitfinex for example. ...well. The most innovation in the Bitcoin space appears to be dark net markets and malware. Whether that's truly a welcome revolution is up for debate. Bitcoin innovation is stagnant. Other than slapping a miner on an already existing product, ahem 21 inc., what big innovation has there been in the Bitcoin space? The apps for buying and selling Bitcoin are all pretty much the same functionally. OpenBazaar has not heralded the end of online commerce as anticipated. It also continues to promise more features perpetually "coming soon" while the competition out-innovates them at the same time. Micro-tipping ChangeTip didn't really take off, and Steem or Yours isn't really a threat to any social network not focused around the idea. KimDotCom talks big, but he has yet to deliver. u/changetip dose of reality Bitcoin's fluctuating value makes it impossible for the average person calculate. Notice that everything is still pegged to fiat in terms of valuation? Without using an internet device tell me how much $5 is worth in Bitcoin. Now decrease that by 7.23% because the BTC market dropped, again without the internet or a calculator. How much Bitcoin is that $0.99 coffee? What about this afternoon when Bitcoin is up 4.77%? What is your profit margin right now for being the seller? How about when you sold coffee for 12.19% earlier today. Also, did you pay the right amount of penny shavings for your coffee transaction to go through? Yes? It may take up to 10 minutes to process. Maybe. Or not. We could have paid $0.99 in filthy fiat and been on our way already. Widespread adoption isn't happening organically, or at all in most areas. Outside of San Francisco and a few technically savvy urban enclaves where digital natives are on the cutting edge, there is no use case for Bitcoin in Kansas. Bitcoin has to rely on those who believe that it is better than fiat to spread the gospel of Satoshi (#NotACult). Until you don't have to have someone proselytize at length about Bitcoin's advantages over fiat, it isn't mainstream. How many posts have you come across where "I convinced Business Owner X to accept Bitcoin" only to check in later to find out they are no longer accepting it? Speaking of cults... Self-congratulatory posts patting the faithful on the back for their piety in printing out Bitcoin flyers or pasting stickers in public are frequent. Any time a Bitcoin logo is spotted in Mr. Robot, alongside the THOUSANDS of other symbols in it, the faithful are further convinced that widespread adoption is an inevitable reality. They're convinced viewers are keyed in to an insignificantly minor detail which will unravel the wisdom of the fiat destroyer Satoshi Nakamoto who will bring prosperity to all who read the hallowed white paper. Also, deviation from the truth laid down in the whitepaper is heresy. #NotACult Which leads to all sorts of problems when the core developers, miners, or users want to change something for the improvement of Bitcoin. How many BIPs are actually implemented successfully without raising the ire of a vociferous userbase rabidly against change? (If you do know, please comment.) Mass adoption would inevitably require regulation. One of the functions of Bitcoin is to be a stateless, borderless, and censorship resistant currency. Does it accomplish that? Yes. But if Bitcoin were to become widely adopted it would inevitably attract regulation. Uber is a great example of what happens when industry outpaces regulation. Uber drivers disrupted the taxi industry mainly because most places did not have regulations in place. Although providing an innovative service, it also led to insurance problems when drivers got into accidents, or health and safety concerns when drivers or riders get involved in an incident. Regulation is bringing the cavalier industry back into the realm of public safety and security. Bitcoin may outpace regulation for a while, but mainstream adoption will inevitably require regulation at some point. How much of a percentage profit is legal when selling Bitcoin at an ATM? How do you classify gains or losses on taxes? What if I want to set up a retirement plan? What if the entity I store my Bitcoin savings with goes under? Those sorts of every day questions have legal ramifications that need to be parsed out for people to feel secure enough to adopt Bitcoin. If you're screaming "STATIST SHILL" while reading this on a computer of some kind, remember that there are legal regulations insuring the device you're reading this on conforms to certain requirements. Be your own bank is not a good thing for most people. We hire people to be experts and professionals to do things we are not good at ourselves. You'd hire a lawyer to litigate on your behalf. You'd hire a plumber to fix your leaking pipes. Most people are not good at being their own bank. Storing large amounts of cash in areas that are susceptible to theft is not a good idea. That's why people have banks. Do banks get robbed? Yes, but regulation insures that your deposits will be reimbursed. Can you be your own bank with Bitcoin? Yes. But you also assume all the risk, even the ones you are not cognizant of. bitcoin is no stranger to posts from users who lose their bitcoin with no means of recovery because they didn't fully anticipate the risks. SFYL. But why would you want to go through all the hoops to be your own bank? You still need to convert that Bitcoin to fiat (or vice versa), get a loan for a car or home, or pay utility bills. Irreversible transactions mean your money is gone. Unless the person on the receiving end is feeling altruistic, those Bitcoin you sent to the wrong address or were "hacked" from the exchange you use are gone. How many people have been successful at recovering their lost Bitcoin through legal means? How many lawsuits have been successful at this? ::crickets:: The place where I store my money took 30% because they screwed up. The ongoing BitFinex debacle is a prime example of why you should trust no one with your Bitcoin. Sure, they appeared legitimate. They were operating a successful exchange. Everything appeared to be in order and were highly recommended by most in the Bitcoin space. Until they got "hacked" and decided to distribute the "losses" among the users. Most of those who lost Bitcoin in the hack are powerless to do anything. Some have turned to the authorities to recover their losses. Some are trying to mount a lawsuit. Some are going through the various stages of grief. The inevitable "hack" that large Bitcoin entities experience is becoming a routine way for trusted innovators in the space to cash out safely with other people's savings. Mt. Gox, Cryptsy, and BitFinex are merely the largest skulls on a pile of bones of cryptocurrency heists. They were all trusted, until it became apparent that it was all a scam. An industry where "trusted" actors can get away with theft is a barrier to widespread adoption. Reddit is the primary communications platform where announcements occur. If you've been burned by bitcoin or some company's support agents that didn't respond to your post, we welcome you with open arms. Bitcoin is going to put an end to wars and government tyranny. At what point in history has the use of currency determined whether or not a group, religious faction, or nation is going to wage hostilities against another? Or that adoption of a currency led to an outbreak of peace? It isn't going to happen. Every now and then Greece, Venezuela, or (INSERT AFRICAN COUNTRY HERE) experience economic turmoil and it is viewed as an opportunity for Bitcoin adoption. No, it isn't even an opportunity. Because the people who use Bitcoin also have easy access to stable fiat currency through banks. They have the first world luxury of being able to convert fiat to Bitcoin relatively easily. (If jumping through several additional steps can be considered easy.) Has Bitcoin taken off anywhere with economic turmoil? Let's check the history books. No. Not one. Even marginal increases in adoption didn't occur. I'm sure there are Captains of Industry who disagree with me for expressing these ideas. I'm sure there are also those who like me have been banned from bitcoin for pragmatic, practical, and reasonable insights. If you've wandered over here from bitcoin or btc or are u/americanpegasus looking to waste $50,000 of your precious time... welcome. Gentlemen...
How to accept Dogecoin with your business, and why. A few pointers.
THE UPDATED VERSION OF THIS POST CAN BE FOUND HERE. You are a business owner and sell goods or services. You heard about Dogecoin. You wonder how you can use it in your business. This thread is for you. If you have no idea what Dogecoin is, read up on it here (click). In short, it is a digital currency that is perfect for everyday use. Read on if you want to know why it would be good for your enterprise.
Why should I accept payments in Dogecoin?
Dogecoin offers you:
international transfers of any size at near-zero cost (currently less than one cent)
no risk of chargebacks or cc fraud
no base fees
no vendor lock-in
no setup costs except a computer
fast and easy setup (literally minutes to get a wallet)
Dogecoin can be exchanged to national currencies. You can do this easily by yourself or use the automatic conversion offered by some payment processors (all is explained further down). You can also just keep your Dogecoin and spend it or offer it to your employees! :) Dogecoin is fun and it gets ever more useful the more people like you use and accept it. There are other merchants who have gone this path before you - you can read interviews about them and their experiences on this blog. You can also talk with other merchants in /dogevendors, check out these testimonials ([1, 2], 3), search this subreddit and post any questions you have right here!
I want to accept donations. What are my options?
Just download the client and put up the wallet address up on your page with donation info. Done! That's it! If you want something snazzy, check out this widget or this one (or this one) (or this one). If you need to track who sent you how much money (for goodies and that), you could ask that donators tell you that they're sending you a very specific amount of coins (e.g. 100.424242), and match it to their name. However, this can be abused as your transaction history is public. If you're actually selling stuff, check out the next section instead.
I sell stuff online. What are my options?
You have a lot! It boils down to one of these:
1) Manually accept payment with Dogecoin
2) Process payments automatically by integrating a Dogecoin API/checkout into your web store
3) Enter your stuff at a site that sells it for you (think Etsy or eBay, just with Dogecoin)
The last option can be interesting if you don't have your own web store, are selling digital goods and/or are just selling on as a side business. If your business is your main income, handling payment yourself is probably better. 1) Manually processing transactions All you need for this is a Dogecoin wallet. You simply generate a payment address for each of your customers, send it to them and confirm that your coins arrived at the address. This is super fast to set up and there is absolutely no commitment. If you just want to try it out before investing a lot of effort, just set up a wallet (either with the Dogecoin desktop client or an online wallet (listed under Browser "here") and let your customers know that they can now pay with Dogecoin. You can use some of these buttons if you wish( 12345) and browse this asset repository of useful artwork. The graphical interface is still being developed, but you can browse the files and find license information already :) 2) Automatically processing transactions Check out the section on APIs and payment processors further down! 3) Selling stuff through a 3rd-party site There are a number of sites that function a lot like eBay, Etsy and Xmart. You enter your products and they handle the payment and web store stuff. This is most convenient if you have digital goods to sell (music, books...) and want to send them out automatically.
suchlist (Permanent listings, auto-adjusted price, auctions, no fees)
DogeLet (Permanent listings, widget to sell on your website, digital goods ok, 3% fee)
stuffcoins (Auction site, digital items ok and automatic, 2.5% fees)
Dogeslist (Permanent listings, digital items ok, ~4% fees)
If you are an Etsy user who wants to accept Dogecoin, click here.
I sell from a physical store or location. What are my options?
All you need is an internet connection in your store and a web-capable device, such as a mobile phone, cheap tablet or a nearby PC. On-site, your customers can send you coins using their phone, or you can sell coupons for your goods online in advance. DogePos is a point-of-sales app that is open source and Koupah announced that they will accept Doge as well. You can use or apply for all of these tools right now! Either way, all you need is a way to 1) convert a USD price into Doge, and to 2) check that the coins have arrived in your wallet. To check your wallet balance and Doge prices, you can use the app MyDOGE oniPhones and iPads, and this app on Android devices. This is one of many useful price converter websites you can bookmark. Checking your balance on the PC can be done with the wallet client. If you want to sell your goods or coupons for them online, it might be easiest use a ready-made stores capable of digital distribution. Check point "3)" in the above section for some options.
Dogecoin payment processors, APIs, checkouts
Currently, the established platforms accepting Dogecoin seem to be these:
You can probably find people who have used one of these in this thread. This guy volunteered his code for automatic currency conversion and his help setting up the plugin for OpenCart, for example! If you are tech-inclined, you could run your own payment server with dogecoind and an API like this. This is not yet ready for laypeople though, so don't do that unless you want to get messy.
Exchanging Doge to USD/EUGBP/other national currencies
If you don't have your payment processor do it for you, at some point you will want to get your Doge converted to your currency of choice, which you should do at an exchange. Keep in mind that you will have to get registered and verified at the exchange, which can take up to a week. Transfers to and from national currency can take a few days, but trading and transferring digital currencies is very fast and usually near-instant. The following exchanges let you trade your Doge for national currency directly (last updated Sep 17):
ANXPRO (lots of currencies, but based in HK so deposit/withdrawal fees are high)
If your currency is not listed above, you can either sell your Doge here, or exchange them to Bitcoin and then sell those. I find Kraken (EUR, KRW, USD) to be the best option for EUR, but you can sell Doge for BTC on all of the exchanges mentioned above, or choose one from this list. To sell BTC for national currency, you can also go to Justcoin or LocalBitcoins. There are many similar sites - just pick the one you like best! Things get developed incredibly fast and Dogecoin is not even a year old. This will only get easier, so keep checking back! Justcoin is looking to trade Dogecoin to national currency, and others are sure to follow.
Alright! How do I promote my business now that I accept Dogecoin?
Note that there's a collection of Dogecoin artwork and assets for you to use in this repository, complete with license information so you can design your promotions and website with it. 1) Submit your business to these directories:
You will get views, especially if you offer an interesting product or a Doge-related promotion. Hint: the best promotion is to offer a few % off for all Dogecoin purchases. Also post and comment to this just to discuss your plans and ask your questions. Come talk to us here and in /dogevendors, we are a fun community :) This post is not updated anymore. Check the thread linked at the top of this post for the newest version. The last big edits were on Aug 4 (DogeAPI, Prelude) and Sep 17 (Updates on exchanges and websites) and Oct 22 (Moolah).
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
Cryptsy Exchange - Warning, unable to withdrawal funds, now one month plus.
On the 5th of October I requested a 76 BTC withdrawal from my fully verified account which had no limits, since then I've had only excuses but mostly just been ignored, here is some of the email history with their support: 5 Oct I have the equivalent of over 200 BTC that I'm trying to withdrawal in BTC, LTC & DASH, but the withdrawal window is not working, I traded out of many USD to do this at a large loss, when can I expect my money to be able to be withdrew-able? Thanks Hello 'email addie', Thank you for contacting us. Please try to clear your cache/cookies and delete your browsing history. Kindly then try to re-initiate your request and see if you are still getting the same error. Let us know if you are still unable to process a withdrawal request. Sincerely, Karen Cryptsy.com <<< I was then locked out of my account >>> 6 Oct Nearly 24 hours now and still no BTC & LTC withdrawals, kindly update me on when these will be processed and why I've been locked out of my account now, this is totally unprofessional and unacceptable. Hello email addie, Please reset your pw Sincerely, Jim aka: JShock Customer Service Manager Cryptsy.com 12 Oct Hi Jim, Thanks I have now done so and have access to my account once again, the main issue here is that on the 5th Oct I requested the following withdrawals: 2,886 LTC & 76.24 BTC These are show in the attached screenshot as confirmed, but still pending and with no trxID as they have not been sent, kindly let me know ASAP when they will be sent as they are now one week overdue with no explanation, no apology, nothing! I had over $50,000 on your site, that I trusted you with, maybe one of your larger long term clients and on the 5th Oct I sold it for BTC, LTC & DASH, at a loss because I needed those funds right away, you sent the DASH but kept the main part of 2,886 LTC & 76.24 BTC then locked me out of my account and tried to ignore me, I have no idea what is going on with your exchange but I will continue with my plans Monday to seek legal representation and pursue this matter in every relevant jurisdiction regardless of the cost and inconvenience to me, unless my funds are returned to me this week. I would appreciate a direct contact phone number with a responsible admin who is able to resolve this mess and also the address of your company's registered offices and the advocates who represent you. Many thanks, Otoh 13 Oct Hi Jim, Due the the continuing lack of communication and progress on withdrawing my funds the advocates that I've retained have advised that I begin with documenting this fiasco on the crypto social media, as this will have a wide reach on your client base at a low cost for me compared to when they start actions proactively themselves on my behalf. https://www.reddit.com/Bitcoin/comments/3nkotcryptsy_responds_to_coinfire 14 Oct Three days since your last curt communication and still no explanation for why the withdrawal of my funds has been disabled by you and when they will be released, they show as pending on the withdrawals page, for well over one week, but no pending withdrawals are shown on the balances page, you've simply disappeared them! I asked for the address of your registered offices, the owners/partners names and the contact details for your advocates, this is moving ever closer to a multi jurisdiction claim for fraud and theft, my advocates require a $10,000 retainer from me which is no problem, they are not cheap but are extremely effective and any fees spent on the recovery of my funds will be added to my claim of course and I am in discussions with them about how best to denounce Cryptsy for criminal investigation and prosecution, it's totally up to you if this happens but once it begins then it will not be able to be halted. Kindly send the info requested today &/or better still my funds. Regards, Otoh 16 Oct Hello email addie, I deeply apologize for the recent delays. We have been undergoing major site upgrades, part of which is the verification systems. Some users who have verified accounts have been affected with these delays. I see that you have withdrawals pending and these should now process soon as we are nearing completion of our upgrade. If you have not received your withdrawal, by Monday October 19, please reply to this ticket and let me know. I plan to compensate you for the inconvenience by issuing you a free upgrade to pro account status which is also included in the upgrade and will go live also very soon. Sincerely, Jim aka: JShock Customer Service Manager Cryptsy.com 16 Oct Hello email addie, Your LTC withdrawal has processed, BTC withdrawal should move soon. I had to cancel the XRP withdrawals, please try sending those again. <<< I did not have any XRP or a XRP withdrawal >>> 20 Oct Hi Jim, I have still not received my Bitcoin withdrawal, over 70 BTC and very overdue! Kindly just manually send it today, an exchange that fails to honor client withdrawals is finished as all trust has gone. Please confirm ASAP, many thanks, Otoh 23 Oct Hi Jim, Why do you not even bother to reply to me anymore, do you really think that stealing 72 BTC, over $20,000 from me is something that you can just ignore? First thing next week this goes back to the advocates that I briefed and I am paying them their requested $10,000 retainer which will also be claimed for, you have had a ton of notice but still haven't returned MY money after nearly three weeks. I shall press the lawyers to pursue those responsible personally for civil and criminal damages, fraud and theft, in each relevant jurisdiction, kindly make sure that this is cleat to 'Vince' and the others that will end up in jail and bankrupt as a result of this. You have until Monday to return my funds, after that the process will begin with denouncements to the police and regulators in the relevant jurisdictions and I will then have no way to prevent it all taking it's just course. Regards, Otoh 24 Oct Hello email addie, I am sorry for the inconvenience this may have caused you. There are two separate issues going on with BTC withdrawals currently. 1: Due to the new Verifications Tier system handed to us to use, many users are frozen and flagged to become verified depending on the amounts of w/d they are making. For these, a verification agent should be contacting you soon. 2 We are experiencing some delays with BTC withdrawals and developers are working on them to get them moving again. Looking at your account, it appears you have exceeded your withdrawal limit for your current verification tier. Please click this link to upgrade and view the limits for your tier https://www.cryptsy.com/users/verify *Please note that not all verification Tiers require that you upload ID or documents. Sincerely, Elen Customer Service Manager Cryptsy.com 25 Oct Hi Elen, Cryptsy have introduced a withdrawal limit for my account that wasn't there when I deposited the coins, this is illegal without first offering me to withdraw the my coins under the same terms and conditions as when I deposited them. This, so called tier three level, that it says I need now takes three months to obtain, in other words you plan to rob me of my coins for three months or how ever long you feel like, this is so illegal it is untrue. Kindly just return MY 76 BTC, approx > $22,000 and do this right away with no more excuses, anything else is not an 'inconvenience' - it is theft pure and simple! Regards, Otoh cc being sent to my advocates 27 Oct Hi Elen, 22 days since my withdrawal request for 76 BTC was made, October 5th, and it's still stuck, conf, but pending and all that I hear from Cryptsy is being ignored or excuses. Cancel that withdrawal immediately today so that the coins show up again in my balance, then make me tier three verified as I have been fully verified for months if not over one year and was so when I deposited those funds and had no withdrawal limits then. Do not continue to ignore this issue, the theft of over $22,000 from my account is a serious crime and you will be held to account for it, kindly confirm that my instructions have been carried out today. Regards, Otoh 30 Oct Hi Elen, Six days and you haven't bothered to let me know when I can have MY 76 BITCOINS back, now worth over $23,000 and nearly one month that you have blocked my withdrawal. Cancel the confirmed but stuck on pending withdrawal as requested so that my coins show up in my account balance again! Change my verification from so called tier two to tier three, I was fully verified with you and had no withdrawal limits, the longer this goes on the more it becomes certain that you just rob the larger holders of tens of thousands of dollars worth of Bitcoins. I have also requested many times, the name of the ownes and registered office/s plus the contact details for your lawyers, it is illegal to withhold this information from your clients and the longer that this goes unresolved the greater will be the damage to your business and the more likely that you will be charged with serious theft and corruption. Pass this email and my prior ones to Vince right away as he will be the one that will be held the most responsible for this fiasco. Thanks, Otoh & when I raised the issue in Cryptsy chat now I just get banned, WTG, so corrupt, unbelievable, I shall post all my emails and your lack of useful response to Reddit and BCT forum. Cancel my withdrawal, verify me to tier three and show MY BTC in my balance so that I can withdrawal them! Hello email addie, We sincerely apologize for the late response to your ticket. Upon checking, your withdrawal had been canceled and coins were returned to your balance. As for your Tier 3 upgrade request, Your request has been acknowledged by our team and your case will be reviewed shortly. We do apologize for any inconvenience and thank you for your patience. Sincerely, Gretchen Cryptsy.com Hi Gretchen, Thank goodness, many thanks, finally, much appreciated! -Otoh PS I can also be reached on my UK mobile: ------------- 6th Nov Hi Gretchen, "As for your Tier 3 upgrade request, Your request has been acknowledged by our team and your case will be reviewed shortly." Another week passed and no one has contacted me, it is now over one month since I requested withdrawal of my 76 BTC and at the time I was fully verified with no W/D limits at all, same as when I deposited the coins. Why do you treat your customers with such blase contempt, are you really intent on alienating everyone who has supported your business and especially the larger players like myself? I find it quite unbelievable, kindly forward this to 'Vince' so at least he is aware of this totally unacceptable and illegal freezing of my funds, later today I shall be updating the total lack of promised progress yet again on Cryptsy's chat as it seems that you only pay attention to being called out publicly. Just allow me to take my own money out and stop this stupid game playing waste of time. Thanks, Otoh 7 Nov STOP STEALING MY MONEY!! Send me the address of your registered offices and lawyer's contact details as requested multiple times - DO THIS TODAY, robbing over $20,000 is a serious crime and by ignoring the matter you are only making your guilt more obvious and the consequences worse for yourselves. Any advise on how to proceed would be much appreciated, I just run in to a blank wall with them atm.
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! :)
Cryptsy: Confirmed 0.75 BTC deposit from ~48 hours ago not credited to account. Many reports of similar issues. Considering a flight to visit BigVern in Florida.
Since I opened my Cryptsy account, I have always used the following BTC deposit address: 1981WDQAkyV25GSxwK4QUA5njMYk8mDTD7 On Sunday, 2/9/2014, I sent 0.75 BTC to this address. The deposit did briefly appear in the 'Pending Deposits' column of my cryptsy Balances page, but then disappeared, and it was never credited to my cryptsy BTC account balance. This transfer has over 300+ confirmations in the BTC blockchain. The transaction hash is: e17f2ff350ddb5768aa9226627c3f1eb0ee68176cc90e6ca18560456125d471f This can be verified by referencing:
The deposit is not listed on my cryptsy BTC deposits history page. As a test, yesterday (Monday) I sent another 0.005 BTC to this same address, and the deposit was properly credited to my cryptsy BTC account balance, so we can be sure that the wallet address is still valid with cryptsy and is associated with my account. This smaller test transfer did show up on my cryptsy BTC deposits history page, and can be verified here: https://blockchain.info/tx/a6c0a314c40d03aff218e5458f14eaff07e01eab7512e69cd1838b6353cd11f7 I was hoping that this additional BTC deposit would force an audit of my account, but I suppose that did not work. Note that this small test deposit of 0.005 BTC is properly shown on my cryptsy BTC deposits history page. Thoughts, tips, advice? I did put in a ticket, but it's been over 24 hours, and from what I've read, I should not expect a quick response. It has only been two days, but this isn't my first issue with Cryptsy. I'm seriously considering taking a weekday flight down to Florida, to corner Vern and to get some answers. I would pose my questions along with the other most pressing concerns from the community.
We got hacked, not a complaint just a community bulletin.
Hello everyone, As of yesterday my company (in extensive my personal accounts) were hacked and cleaned out of all Bitcoin as well as other currencies of value (Litecoin, Dogecoin etc). Not writing this to complain it happened or beg for compensation, we understand this happens sometimes and there was probably more we could have done (but also in some cases there wasn't... more below). Via our personal computer: What we had: Bitcoin (~2 I believe), Litecoin (Somewhere between 400-500), Dogecoin (Millions) wallets all cleaned out, all password protected and encrypted. What we should have done: Held all those wallets on a computer disconnected from the internet as well as making backups record private keys etc.
What we had: gmail accounts all secured with TFA via cell phones and everything. (Side note google is horrendous with dealing with compromised accounts, there is no way we are going to be able to get it back now.) What we should have done: Don't know? Anything else we could have done? What we had: Cryptsy Accounts with about 1 million Dogecoin and 0.25 BTC, that is not missing it is still there but we do not have access to it because of email confirmation requirements... which we do not have access to the email. TFA was enabled on there as well with google authenticator. What we had: Cryptostocks account with 212 Cryptsy Shares in it worth approximately 29 BTC before hacker sold under market price to withdraw plus some DVC. Also had TFA on it with Google Authenticator. So not really sure how they got past that. What we should have done: I have absolutely no idea what else we could have done. Secured out email better obviously but that is another issue in itself.
I also scanned my computer for malware today and got this screenshot... http://i.imgur.com/ACvoziQ.png Does cgminer show up as Malware to anyone else? Anyway so that is what got hacked and the security we had/didnt have in place. Any tips would be appreciated on how we can secure our holdings better in the future. For the future we will keep coins on offline wallets and only sync when coins have been sent to it. Other then that I think everyone here gets the gist of what I am saying. Secure your coins! Be safe and any suspicious activity watch carefully!
[PSA] Fake Cryptsy Investment Scam going on Facebook...
There is a fake BigVern Account that is trying to get people to invest in Cryptsy by PM'ing on Facebook. It seemed very suspicious to me. So I contacted Cryptsy and they confirmed it is a scam. Here is the transcript... Sunday 8:58pm BigVern Vern: Hello We need the average users to hold, they are not doing that because we have so much of an exchange so the BTC is so spread out that it #1 is making our solid volume low , the real money is BTC. Not any other coin to the USD investors eyes, that's all they want to see. We are strictly watched by the better business bureau and in accordance with all United States laws, even if you are over seas you are still a user and operating within these laws here and you will be accommodated as such. let me know if your interested to be a project investor at 8% a month Tuesday 10:01pm BigVern Vern: We have just changed this to 10%. We are closing the ledger in 12 hours. I wanted to invite you to our project investors program on Cryptsy. We are getting temporary investors for the next four months starting today actually for a 10% interest of whatever they guarantee to hold on a ledger. With project investors inc by linking your Cryptsy account to us, this provides us with backing to show USD investors that we have a secure 'solid volume' investor base. As we are trying to start the USD exchange in the next 5 months. If for some reason we cant start it within 4 months you can always continue with the project investors until we do have enough USD investors to start the exchange. Let me know if interested, and please dont tell very many people about it as we are only inviting trusted users / companies / and businesses of bitcoin. The latest we can take you is in the next 12 hours that is when our ledger closes, so the sooner the better! Sorry for late notice. Jason King: Sorry man. We are a non profit. Can't invest BigVern Vern: ahh well I didnt know that part thanks much Jason King: No problem. Good luck on funding the round. Cryptsy rocks. BigVern Vern: Thanks!! Didnt want to throw your own personal account on it? That is fine too, minimum 1 btc. If so let me know, thanks again. ::::It was that part that made me extremely suspicious::: 3 hours ago BigVern Vern: Hey there just wanted to give you a 2nd chance at this, i'm at the table now at the meeting to get this launched did you want in on the project? Stephanie Murphy is a project investor you might know her. Just need username / amount for now to put you on pending list. I then contacted Stephanie. She had indeed invested. But I told her the cadence of the speech sounded very not-Vern like. I then contacted Cryptsy support. They said they are aware of this account and had asked for it to be taken down. Hope they didn't get to many people.
Thoughts on the current state of Bitcoin from someone who participates in much of the ecosystem [and tipping thread ;) ]
Hey guys, So this is something I've been looking at for a while now, and kind of seeing some things die and other things be born. Some things are getting easier, and other things getting more difficult. I want to take this time to outline the last few months and how my sentiment is reflected towards the market. I have to say, the market generally matches how my "emotions" playout towards the ecosystem as a whole. I'll outline just a few short things on both the bearish and the bullish sides of my sentiment, even if things don't effect the overall sentiment much (at least according to most traders and people) I'd like to point them out because I view them as notable. Some of the not so good things that have been happening:
Home Mining/Trading/Altcoins: Not too long ago mining was still fun for the home miner with nothing but a GPU. I'm talking a mere couple months. The altcoin section of bitcointalk is/was by far the most active. People didn't care if the coins were in fact pump and dumps or not, but people would bet on their horses and either flourish (like some of my friends did with Mazacoin) or, if got in at the wrong time, was utterly decimated. Darkcoin was a small revival of that hype, but now the market caps of these altcoins and "pump and dump" coins, have all been figured out by the community, and too many of us have been burned to support any alt coin much anymore. I still hold some, but I often ask myself why I even bother? I left 1 BTC worth of alts in cryptsy months ago, and now its a a mere fraction of that, as you could imagine. This sounds like a good thing, but those same months ago, I had a couple friends mining with GPU's and figuring the whole crypto world out. Now they maybe have $100 worth of bitcoins for shits, but they are most certainly not going to go out and buy any Antminer S3's or other similar relatively cheap miner. Gamer nerds are quite simply, priced out now for the most part.
Gambling World: The gambling world (up until a couple days ago, but I'll get to that later) didn't have much development or innovation, and user growth was probably (after the Just-Dice incident in particular) in a negative spiral. It seems that if you've followed the BTC gambling scene for a while, you've seen sites come and go (much like altcoins), and for those of us that don't check the forums and reddit everyday, a lot of consumers or newbies could have been burned hard by some of this.
"Good news" brings the price down: This seems to be counter-intuitive to most, but to some of us bitcoiners who trade/forecast/follow the markets a little closer, and not only that, are familiar with trading other assets as well, definitely get skid-dish of this apparent ecosystem flourishing without a quickly growing community to back it up. (Sure our reddit subscriber count is going through the roof, but how about our active users? You look at the trading volume, transaction volume, or real user growth etc. it just seems like it isn't growing that fast (But this isn't that bad, and there are things all of us can do to help that, I'll get to that below, DON'T WORRY, this isn't a whiney, complainy bear thread).
Waning enthusiasm for the broader ecosystem: It seems people are almost numb to all the good news, and the bad news just sends us into a panic. Granted, the amount of bad news since Gox/China has been pretty damn minuscule other than bigger ecosystem and development problems. The amount of sites I involve myself in the cryptosphere has been cut into a fifth or less of what I used to do. Think coindesk, The bitcoingroup talks (which seem to have dropped off a bit in popularity, no offense but it was a little corny, but I still liked it <3), I still listen to Lets Talk Bitcoin, but probably not as much as I used to, and I think a lot of the die hard bitcoiners feel similar. I mean, in a given morning it could be: 2-3 altcoin pools/sites/subreddits, cryptsy, coindesk,reddit, bitcointalk forum, ischinaawake.com, btc-e for trollbox hilarity, and many others. Now? Probably this subreddit, and the mining section of bitcointalk. I rarely check the price anymore, maybe once a day, but I'm never hoping for moon, I just want stability while we all work to get out our products and projects and things that we feel could make a difference, not only in the bitcoin world, but the rest of it too. There was an IRC channel where people would talk about cryptostalks and all the next ones and this that and the other, now I wonder if anyone even actually uses that site for anything anymore. Maybe people were scared off by regulation and Fincen? Who knows....
Anyway, in many respects it feels like a lot of the bitcoin ecosystem is dying, and maybe we should all panic, cry, and shit our pants, but a few things haven't been going badly, and in fact, I'm looking optimistic that the next time a surge of new users enters the market for whatever reason, there will be a much more developed and kind ecosystem to take part of. No one is going to be touting the next 5 second confirmation coin, no more of the ubiquitous "investment" opportunities that await the uninitiated. Other than my love for bitcoin in general, this is what makes me not panic sell, and what keeps me optimistic about the bitcoin future:
The Local community has returned to where I live, in a big way: Bitcoin meetups were getting mixed turnouts, so much so that the two organizers just decided to stop having them altogether. I felt slightly guilty of this, because it was a lot of different kinds of folks coming for a lot of different kind of reasons, which is totally fine, but there never was a comfortable intermingling of all involved. Not everyone became friends after, and many of the first timers weren't hellbent on coming to the next one. However, we just had our last bitcoin meetup and there was over FIFTY people there. This was insane. Not only that, a member from the bitcoin foundation, several local startups, and businesses were there giving presentations. I got shithammered drunk and even exchanged a number while I was there. And get this, I was sitting at a table with two girls? And spoiler alert: They weren't the only two girls there. Woah. This is the bitcoin future!
Merchant adoption: is at a rabid dog pace, and Bitpay, Coinbase, and others are doing amazing. Most yC startups could only dream of getting this far. It seems to never end, and although people don't care as much, its still awesome. Like, I felt there was more hype when Jimmy Wales talked about accepting BTC, than when he actually did, granted its a weird not obvious way to donate, BUT, we are almost desensitized to merchant adoption now because its so rampant. Newegg, Dell, 5200 businesses on coinmap (ok, I lied earlier, I still totally check coinmap). But yeah, Merchant acceptance all day long. Oh, and Lyft on Gyft.... mmm life savingly awesome!
Remittances is becoming a reality: All the time we are seeing services targeting Mexico, Argentina, The Philippines and other countries trying to get things done over there just a little cheaper than Western Union. Granted some are a little more built out than others, but 37coins, and other services similar really excite me, and hold a lot of promise for an application bitcoin can really accel at. Everyone remembers Andreas Antonopoulos planting that seed in our heads a while back, and business sees it too. It's happening, but this shit doesn't happen overnight, however, we have our work cut out for us. We still have a "chicken and egg problem" when it comes to user adoption. Thats where we, the bitcoin community, needs to step in.
Some of the Dark parts of the eco-system are alive and well again: OpenBazaar (its coming), SR2, yeah its still a thing... PD3, came out over the weekend, PvPing with faucet money, was a fun time killer just to see how things are going... Nothing I want to focus on too heavily, but we all know Gambling is a great app for bitcoin, and we (the community) pioneered provably fair gambling. The best part is, the people in the space know who is honest and uses it.
Mining isn't yet extinct for the home miner and the hashrate is GROWING: I know I said that it kinda is above, but I am an at home miner with some S3's scattered about. I do fine, and am well on my way to ROI. I watch the hashrate grow everyday, and that tells me that bullish sentiment sure as hell exists on the long term. I mean, if you are willing to invest in specialized hardware to the tune of millions of dollars, you are in it for the long haul. This market is too illiquid to "cash out" of for the bigger players, so we know they are all hodling. A lot of the ASIC manufacturers are hodling as well, including Bitmain. So maybe the price is taking a dive, but the hashrate hasn't seen negative growth in a LONG LONG time Jan '13 it seems.
User Growth IS Happening: 2 million Blockchain wallets anyone? New wallets and services coming out all the time. Kryptokit, Hive, Mycelium trader, etc. etc. Maybe it isn't happening as fast as we would like, but it is happening. But this isn't like pokemon, you can't just see it on the TV and start catching your bitcoin. For the uninitiated, this shit is CONFUSING. We need to help out. And we need to casually give bitcoin, tipping in other sub-reddits as opposed to gold, helping friends get setup. Just YESTERDAY, someone asked me about coinbase and how to buy it, and I set them up with coinbase, told them about 2FA, and gave them the tools they need to fish. The past couple weeks I've actually gotten a couple people into bitcoin, which is the first time in a couple months, so for whatever reason, interest seems to be picking up again, which is cool.
Coin-a-Day Jan 3rd Well, it's been more than a month since my last post, so I figured it's time to finally do this. I'm barely updating these, but I think it's somewhat interesting to see the changes that have happened over the almost half a year since I first wrote these. Welcome to the third Coin-a-DayCoin-a-Week post! So far in this series we have talked about bitcoinbitcoin and dogecoindogecoin, which are proof-of-work coins. Today's coin is Peercoin (PPC), which is a "proof-of-stake" coin (actually a hybrid; more below). Summary • ~22 million available currently ; ~35 million in 2025, ~50 million in 2045, 1% annual inflation permanently  • All-time high: ~$7  • Current price: ~$0.50; ~0.0017 BTC$0.30; 0.00128 BTC  • Current market cap: ~$10.9 million $6.6 million  • Block rate (average): 10 minutes  • Transaction rate: 520 408 transactions in the last 24 hours, estimated ~$213,000 $83,600  • Transaction limit (currently): 7 transactions / second (?)  • Transaction cost: Fixed at 0.01 PPC edit: per Kb  • Rich list: Top 100 addresses hold 59.25% 59.52%  • Exchanges: BTC-E mostly; BTC38 (Chinese); some volume on Cryptsy, The Rock Trading, and BTER as well  • Processing method: Hybrid; proof-of-work and proof-of-stake • Distribution method: proof-of-work block rewards and 1% inflation through proof-of-stake • Community: Moderately active.  • Code / development: https://github.com/ppcoin/ppcoin ; appears inactive, last release in April, last commit five months ago; however, developer Sunny King continues to give weekly updates and has announced an upcoming "cold-minting" feature  EDIT: Active pull request in progress. pull request; announcement; I was informed about this from the comment below; thanks Thireus ! Latest 0.5 version will be a mandatory upgrade with a two month release window.  • Innovation or special value: First coin with proof-of-stake Description: So far we have covered two proof-of-work coins. This was the original type of coin. Peercoin introduced the concept of "proof-of-stake", where authority to generate a block was determined based on a brute-force hashing to reach a value less than a certain amount. In Peercoin's proof-of-staking, there is only one to check per unspent wallet-output per second, so there is very little demand for processing power and energy. The difficulty is decreased with increased coindays . This model is argued by Peercoin supporters to be more efficient, since it obviates the need for a hardware arms-race and allows transaction processing by all stakeholders. The incentive for the stakeholders to "stake" (process transactions through proof-of-stake) is two-fold: first, in order to collect their 1% per coin-year reward, and second, to support the network they hold coins in, since the value of the coin is presumed to be related to the stability and reliability of its network. There are a number of attacks which are argued to be possible in proof-of-stake which are not possible in proof-of-work . There was a vulnerability which allowed generating a larger number of proof-of-stake blocks with a very small stake which took four months to close after public disclosure . I wish I could provide a definitive answer about the security or vulnerability of this coin, but I am simply unaware of a good source at this point . I have not found a "smoking gun" critique of the current system, but absence of proof, particularly when my "research" (googling) is so limited, and my exposure is so brief, is absolutely not to be taken for proof of absence. Today's challenge will focus on the security of Peercoin, and there will be a small reward for the best defense and the best critique. Compared to the question of "is it secure?", I think the rest of the nuances like price history are relatively insignificant. In general, I expect that secure coins will continue to be transacted at some price level, and that they will often share a certain level of correlated price. Remember that I am not giving advice, but that's my take on it. So if there is no vulnerability to proof-of-stake, I expect it will continue to exist. And just as bitcoin has a strong place from being the first and having an active community, I expect that Peercoin would continue to have a place as the first proof-of-stake along with its smaller but also active community. I had my concerns about the security resolved when this was posted. Like a whiny chump I'd gone through and deleted all of my stuff in a fit of pique, but the useful comments by TotalB00n are still there and may be useful reading. The inactive development may not be an issue for now if there are no serious threats to Peercoin. Additionally, its blockchain is quite small, about 1/3rd of a Gigabyte currently, so the major feature of bitcoin's latest release, parallel block downloads, may be less relevant for peercoin. [Note that the edit above on the code section is from the original time around. I'm too lazy to even look up whether or not there has been further development since, but it was at least somewhat active before, and perhaps didn't really need much.] Community Peercoin's community on Reddit (/peercoin) is relatively small, with less than 4k subscribers and no more than a couple posts a day. However, it appears on-topic and high-quality. http://www.peercointalk.org/ looks active and significant. It is not comparable in size to a central hub like bitcointalk, but it is by no means dead. There are additional community links on peercoin.net which I haven't explored. Footnotes  http://coinmarketcap.com/currencies/peercoin/  https://github.com/ppcoin/ppcoin/wiki/FAQ  http://www.cryptocoincharts.info/paippc/usd/btc-e/alltime I couldn't find anything just stating the number. And the UI here is terrible. But this approximately matches the coinmarketcap ATH in BTC with the BTC/USD at the time.  http://en.wikipedia.org/wiki/Peercoin#Confirmations ; I wasn't sure if this accounted for PoS accurately as well, but given the last few hours shown at https://bkchain.org/ppc it does appear to be close ; don't ask me how it works, haven't taken the time to grok the whitepaper in detail yet ()  https://bitinfocharts.com/ppcoin/  I wasn't able to find a source addressing this. I'm presuming that since it's based on bitcoin and has 10 minute blocks, that it also shares the 1 Mb blocksize limit and that transactions are about the same size and thus the same 7 transactions / second current limit applies. I could absolutely be wrong about this; if you know better, please let me know and I will update. Given that this allows 604,800 transactions per day, and there weren't 0.1% as many transactions in the last 24 hours, I think it's safe to say this isn't a limiting factor for peercoin in the foreseeable future.  http://coinmarketcap.com/currencies/peercoin/#markets  Not as active as doge or bitcoin, but it looks like there's activity on http://www.peercointalk.org/, and /peercoin is quiet but not dead.  http://www.peercoin.net/assets/papepeercoin-paper.pdf ; also available in many other languages (http://peercoin.net/whitepaper)  http://www.reddit.com/CryptoCurrency/comments/2r6sqb/section_of_paycoins_source_code_designating_a/cnd096x110101002 makes allegations along these lines. However, none of the critiques seem to be relevant and aware of the current Peercoin code. The claim is made that it was made centralized but I'm not aware of a Peercoin source that seems to make this claim. There are probably far better critiques and defenses of the security of Peercoin's proof-of-stake out there. I don't know how to best find them. This will be the topic for the challenges for this article.  disclosure; acknowledgement; fix  I have heard claims about "nothing-at-stake" attacks, which are based on the idea that a user might have stake in the system, then get the stake back, sell it, and then try to make their own chain building off the point where they had stake. This seems conceivable to me, but I do not know anywhere near enough to be able to make a reasonable argument one way or another. Unfortunately, most of the discussions on Proof-of-Stake seem more about ... well, there's no way to phrase it politely, but they don't seem to be reasoned consideration of the merits but just static. http://www.peercointalk.org/index.php?topic=2351.0 - This is an example of a critique which is shot down. Is it valid? You decide. From reading their view of it, it sounds like not.  http://www.reddit.com/peercoin  I found this relatively late in my process glancing over /peercoin. http://www.peercointalk.org/index.php?topic=3733 The details of this feature will be considered out-of-scope for this article, already taking longer than I anticipated (as usual).  https://www.peercointalk.org/index.php?topic=4107.0 Additional Reading • http://www.peercoin.net - main site; informative and useful links • /peercoin - somewhat quiet but still active and informative • https://bitcointalk.org/index.php?topic=793142.msg8933791#msg8933791 - Peercoin discussion thread • Peercoin whitepaper - (other languages available) • peercointalk.org - Main discussion forum Daily challenge ~~Every day I post a challenge worth about $1. The first two day's are still unattempted. Yesterday's has been awarded. Today's challenge focuses on Peercoin security. A changetip $0.50 tip will be awarded to the comment which in my opinion provides the best information about vulnerabilities in Peercoin's current consensus algorithm / implementation. This may be a link to a source that provides this information or a comment, but a comment referencing fixed problems or simply asserting issues without support will not be accepted as qualifying. On the other side will be a 1 PPC reward sent to the Peercoin address of your choice for the best argument supported with evidence that Peercoin's consensus algorithm is not vulnerable to any attack. This is a very broad claim, and I wouldn't know how to support it myself, but that's why I'm throwing it out there for discussion. Making an argument for both sides is allowed and encouraged.~~ [I don't remember if I ever paid up on this. I think I might owe TotalB00n a couple PPC...] Donations and Disclosure It has come time again for me to note that I am not an authority nor should my words be used for anything other than entertainment. I am not providing investment advice and you should do your own research independently before you make any investment decisions. Cryptocurrencies may lose all value from technical flaws or simply a loss of faith in their value. Store your treasures in heaven, not on earth nor even in a blockchain. Be gentle and loving in deed and in thought. I currently hold about 17 PPC. If you would like to donate PPC to me directly, you may do so at: PDcpAFGWEAJDTey6ghY4FRvvphXv9zkjmn Thank you all for reading and all of your support! This has already been a great experience for me and I'm looking forward to the excitement still to come. Well, it doesn't get much lazier than that. Apparently PPC has dropped in price rather significantly since January. I don't know any of the news on it. Informative, eh? ...okay, I'll do a mild amount of "research". One moment. Well, they have a new release coming out.  But I don't see anything obvious from a quick glance at top stories in that subreddit over the past year to see why it crashed over the last five months. So...hey, let's go really lazy. Rather than me giving you the answers, why don't you tell me wtf happened here? xD Up next: Nyancoin!
Bitcoin is going down and here are the 2(3) main reasons
As i predicted Cryptsy downfall way back (11.12.2014 http://cryptocoinex.org/news.php?readmore=9) i predict BTC going down hard to 1000 EURO in the next two months. Here are the main reasons why and i think you should think about it. 1. Poloniex are going MtGox on us (stuck transfer, banned accounts, wallets not working for incoming transfers and outgoing). 2. 1 August is going to be a split and we will have two bitcoin chains (price will go hard down when this happen and even 1000 EURO is good price). 3. The CEO of MtGox confirmed that there was a BOT made by the company that make the price of Bitcoin skyrocket to 1000$ back in the GOX days..... I think the price for BTC can and will reach 10 000 EURO or more, but it will happen slow and spikes like this (200-300 euro to 2300 euro in less then 1 year) are bad for us.
Several people have started to agree with me recently that litecoins aren't dead yet. But I wasn't quite able to give a concrete answer as to why, until a comment reminded me that litecoins are the most widely traded of all the altcoins. BTC-e, for example, doesn't deal in phoenixcoins and ronpaulcoins. Being widely traded is a significant advantage, even if the coin doesn't itself have any advantages. I'm not sure why ASICs are relevant to the price of altcoins. ASICs are going to be distributed amongst miners just like they were with bitcoins; this just makes the miners fight a losing battle with each other, costing each other money. As long as one person doesn't get all the ASICs, it doesn't have any effect on network security. A while back, all the speculation was that litecoins would overtake bitcoins once Mt Gox accepted them for trading. In the interim, however, we have several major exchanges trading them. When an exchange wants to expand into altcoins, they don't look towards the trendiest new thing; the first mainstay they adopt is litecoins. The other advantage litecoins have is that there is a certain amount of "lock-in" with other coins. I've already commented about the concept of technological "lock-in." In this case, you have exchanges like Cryptsy that denominate some altcoins solely in litecoins. I found out that there is a class of altcoins that can only be traded Bitcoins -> Litecoins -> Altcoin. Even if you don't want litecoins, you still have to buy them if you want to play the game with these "penny stock" coins. That keeps their price high because even if merchants do not accept them, they still have utility and "acceptance" by exchanges. Also, a quick thought to ponder: a lot of the reason why people buy bitcoins is that bubbles crash, things change, and bitcoins are still around. Have litecoins reached the point where people expect them to die, they don't, and therefore they think there must be something to them?
Max Keiser recommends Darkcoins; I do not
Max Keiser put out a tweet trying to sell darkcoins to his followers, saying he thinks they will recover after their recent bug-fueled crash. Remember that Keiser was also the one who said to buy the essentially 98% premined Quarks too, and that failure alone might be reason enough to ignore whatever he says. I like the idea that when an altcoin has a lot of hype, it's not time to buy it. Darkcoins may have some benefits, but there is so much hype around them that there is almost certainly a bubble there. Don't confuse that with the idea that darkcoins won't have a niche in the future. However, just like bitcoins, there are times when hype gets out of proportion to the advantages the technology has.
Today's altcoin mining report
Altcoin mining profitability is all over the map today. If I had started testing this pool back during the last cycle, it would have been interesting to see if we could deduce any patterns from this data. As you can see in the charts at: http://shoemakervillage.org/temp/altcoins2014-06-07.jpg there are about 20 coins that are constantly switching as the most profitable. This may be partially a result of those new coins that have extremely fast difficulty adjustments. The chart isn't as useful without being able to mouse over the bars, but it gets the general point across just seeing all the colors. People obviously do not value most altcoins for their specific features anymore; most of them are just a game. There is one trend that is not all over the place: http://shoemakervillage.org/temp/altcoins2014-06-07-2.jpg The expected payout of scrypt coins is at $1.33/Mh/day now, which is completely opposite the trend of increasing bitcoin prices.
The effects of orphanage
Some altcoins reduce the block confirmation time by making the coin ridiculously easy to mine. There's no advantage to creating an altcoin that has huge numbers of blocks, because then all that happens is that your "confirmed' transaction is more likely to get orphaned. In testing, I was getting 30% orphanage rates on some of these fast coins. Look at what happened last night in the course of a few blocks: http://shoemakervillage.org/temp/altcoins2014-06-07-3.jpg However, I'm still trying to figure out whether orphanage actually reduces the pool's revenue or not. The conclusion I'm coming to is that it only cuts miners' revenue from the expected value if your orphan rate is higher than the average orphan rate of the network. If everyone has 30% of blocks rejected, then the blocks are still being created at the same rate and everyone gets the same amount of money. You only lose money if you have more orphans than everyone else does. Am I missing something here? If not, then orphanage is only an indicator of a bug or of monetary losses if I have orphaned blocks for long networks like bitcoin, where having another pool finding a block within a second or two is very unlikely.
None of the altcoins has the innovation that bitcoin needs
The only true innovation from any altcoin that would pose a threat to bitcoin is if someone came up with a yet-unknown solution to the 1MB transaction limit, that will be permanent for an indefinite period of time, and released a new coin with it. Some people mistakenly say that people will switch to altcoins to get around the block size limit, but that isn't the case because the most any altcoin has done to resolve it is to make blocks more frequent, which only raises the limit to some hardcoded value. Raising the limit to some hardcoded value isn't "solving" the problem, it's just putting it off into the future. Don't make a mistake and buy altcoins thinking that some altcoin is going to address that limit, because none has.
Altcoin code is a mess
Altcoins are a mess, when you are trying to compile their code. If you haven't done this with many coin daemons, which most probably haven't, then you probably don't know that almost all altcoins are just clones of bitcoin with some minor changes. This is one of the reasons why bitcoins have such an advantage, because you can't be innovative when you just copy stuff from the bitcoin developers. What some people don't know is that most altcoins aren't even doing that. There are a few altcoins that have changed little in many years, so instead of incorporating fixes that have been included in bitcoin since then, those coins never upgraded to newer block templates and they don't include the latest features. It also means that bugs that were later fixed are still present in those coins. Some coins, like namecoin, are in horrible shape and for many, it's a matter of time before this code aging causes some sort of security issue to be discovered.
Dogecoins are doomed?
Dogecoins are supposedly doomed. The idea is that the block reward is decreasing too rapidly, and the price of dogecoins needs to rise to avoid a 51% attack. I'm not so sure that the developers of dogecoins will just roll over and die, given how large that community is. More likely is that if the price stays stable and more block reward decreases occur, they will release a fork to stop the reward decline earlier than expected. That will devalue dogecoins significantly. If the hashrate of dogecoins starts to drop, I would get out. I don't think the network is "doomed," but I do think that the only solution to the problem is to devalue coins, and you obviously don't want to be holding when that is announced.
Negative "interest" rates
Apparently, the speculation now is that negative interest rates are going to spread to the rest of the world, and that banks will start charging an account maintenance fee, along with eliminating interest payments. In that case, what is the purpose of using a bank? I won't be keeping a checking account if that happens. Instead, I'll close my account, buy a safe and store cash in it, using banks only to trade stocks. I don't think I spent a single dollar in actual cash for the past year before this, so this is a technological regression. What kind of world is this where it is a better idea for me to store wads of cash in a safe instead of putting it in a bank, where they actually take money from me?
Whitecoin, Hempcoin attacked exposing Altcoin exchanges to huge risk of bankruptcy
This was originally a comment post elsewhere but with the recent 51% attacks against coins, this needs its own thread.
All proof-of-work (PoW) based crypto currencies (of which Bitcoin is one) are vulnerable to a 51% attack. The first attack that double spends against the exchanges will be devastating to nearly all PoW altcoins. The attack is fairly simple: 1.) Acquire slightly more hashing power than currently is mining the altcoin to be attacked and use it to mine on a private blockchain fork of that coin. 2.) On the public blockchain for that coin, send coins to altcoin exchanges in which there is no identity required. 3.) At those exchanges, use those funds (once confirmed) to buy bitcoins then withdraw them. 4.) When the exchange has sent the bitcoins, the attacker broadcasts the blocks from the private fork. Since that attacker's fork has more hashing capacity than the public blockchain for that altcoin, the attacker's blockchain will "win" (i.e., it has block height greater than that for that coin's public blockchain.) The result will be that the altcoin exchanges will have a financial debt -- the blockchain reorg (as the result of the attacker's fork being released) has caused the exchange to lose the altcoins received from the attacker (which had a sufficient number of confirmations). Additionally, the exchange no longer has the bitcoins that the attacker bought and subsequently withdrew. This action would likely either put the exchange into technical bankruptcy, or, cause the losses to be born by those holding funds at the exchange. (It may depend on bankruptcy law and/or the exchange's policy as to the exchange's handling for such an incident). Bitcoin is protected today with SHA 55,474 Th/s. For the attacker wishing to do a 51% attack for the purpose of double spending, the amount of hardware needed would exceed $100M (using KNC Neptunes, of which the supply of anywhere near that capacity doesn't exist today.) There's nowhere near that much value that can be extracted anonymously from the exchanges thus such an attack using Bitcoin is just not economical, nonetheless does there exist some cartel willing to wager the $100+ million to attack Bitcoin this way. But let's take a look at an altcoin from a recent Coindesk article on altcoins -- Limecoin. Protected with Scrypt 252 Mh/s (per https://www.minep.it/pool/lim/... ), that means an attacker needs just maybe $100K USD worth of GPU-based mining hardware to be able to gain success when attempting a 51% atttack against that coin. There are may individuals mining with that kind of capacity alone -- nonetheless any need for a cartel. Limecoin is a bad example as there's not enough exchanges to where there is a decent double spending potential with this coin so let's pick another. Blackcoin is a proof-of-stake (PoS) coin so it isn't vulnerable to a 51% mining attack. Let's pick on Potcoin then. With Potcoin having Scrypt 5,100 Mh/s (per http://www.coinwarz.com/network-hashrate-charts/potcoin-network-hashrate-chart ) of mining capacity means only about $2M worth of GPU-based Scrypt mining hardware needs to be directed to a private fork of the Potcoin blockchain. Paying GPU miners for two hours of Scrypt 5,100 Mh/s is all that is needed to start a private fork, transfer Potcoins to those altcoin exchanges that it trades at, convert those altcoins to bitcoins and withdraw, and then finally broadcast the private fork. Minutes later, Cryptsy, Mintpal, SwissCEX will have seen withdrawals of maybe hundreds of thousands of dollars worth of Bitcoins but then the Potcoins that bought those bitcoins will be "gone" (having been double spent) now as well. If proper precautions were taken there would be no way to identify the attacker. [Edit: Potcoin's total capacity has dropped by half since this paragraph was first written, ... making an attack even easier and less costly.] If Cryptsy, Mintpal, and SwissCEX haven't "temporarily" halted trading as a result, the attacker simply moves on to attack another Scrypt altcoin. Rinse and repeat until every last GPU miner has moved to Litecoin (the only Scrypt altcoin with enough hashing capacity such that a 51% attack is neither profitable nor possible without the participation of tens of millions of dollars worth of mining hardware). In other words, such a sequence of attacks could obliterate the entire list of Scrypt-based altcoin markets in under a day. Should the altcoin vendor release software to ignore the attacker's chain -- the attacker could simply return to attack again. It's an arms race and as long as proof-of-work still determines the longest chain, the attacker has superior firepower. A single party with exclusive access to the first Scrypt ASICs could finish off every one of the Scrypt altcoins too. For instance, KNC Miner plans to sell their Scrypt 300 Mh/s Titan miner for $10K. Just 417 of those Titans could successfully 51% Litecoin's 125,000 Mh/s network ( http://www.coinwarz.com/network-hashrate-charts/litecoin-network-hashrate-chart ). That's an investment of about $4M USD, and there's easily $4M worth of value that can be obtained, anonymously, from the altcoin exchanges where Litecoin is traded. This argument was previously articulated here: http://bitcoinmoney.com/post/53207712103
Cryptsy banned me from chat for **1 year** for asking about my frozen 5.6 BTC. Move out your coins while you can.
Despite submitting 6 tickets, Support has been ignoring my request for help for days and I am still unable to withdraw my bitcoins. They claim that for unverified account there is a withdrawal limit of maximum 1000 USD worth of coins daily. But i tried to withdraw smaller amounts but all of them got stuck. Yes, I did click the confirmation link that they send to my email. I have been trading bitcoin/altcoins for 2 years now. After searching reddit, i found out that there are hundreds of people complaining about them. Here is the link to the previous discussions. http://www.reddit.com/dogecoin/comments/20850u/stop_using_cryptsy/ Digital currency community has already got enough harm from unprofessional exchanges like Mt. Gox. If we don't stick together and demand transparency and professionalism from Cryptsy, this might harm the community even more. EDIT: Cryptsy support just contacted me (June 3rd, 2104) and unfrozen my account. I managed to get back my coins. Thank you all for your support and help.
Over the past month here are the few problems I encountered with cryptsy:
site keeps going down
my bitcoin deposit requires 15 confirmations. At 10 minute a confirmation, that about 2 hours of waiting.
I cancelled an order and the coins never come back to my wallet. It only came back after I emailed them.
Seems like I have to email them for them to get anything to work.
Cryptsy is the next Mt. Gox. Mintpal.com will be my new home for doge trading. Confirmations takes about 15 minutes. Volumes are increasing every day as people realize how crappy cryptsy is. Mintpal have an iOS app. Can't wait until their version 2 api comes out.
www.qrk.cc/press/ Quark evolves the electronic payment process with two key features - it is Faster and more Secure than Bitcoin! By now you may have heard of Bitcoin - it is an electronic store of value that is limited in quantity, and is able to be used as a mean of electronic payment. Quark is a digital payment system based on the Bitcoin code, but with key upgrades in its technology. These innovations will allow it to serve its users needs in a rapidly emerging marketplace that uses digital money or “cryptocurrency”. Digital money is revolutionizing money transfer - in the same way that e-mail revolutionized the way we communicate. Digital money allows us to pay worldwide in a safe and secure manner with minimal fees and without a need for a currency exchange. Importantly, Quark and other digital money is being rapidly adopted into online stores, and will be soon available in traditional stores through payment providers like Moolah (https://moolah.io/). Quark transfers in a blink and is safe by its technical design: Faster - The Quark network can create payment confirmations starting within 30s; by comparison, the bitcoin network takes approximately 10 minutes to create its first payment transfer confirmation. Secure - Quark builds on Bitcoins' already robust security by taking its base encryption algorithm and adds 9 rounds of encryption. The Quark Community is ecstatic that you have chosen to JoinUs and is announcing two breaking news stories: 1) Quark Announces a Partnership with the Innovative Development Team behind Shaq-Fu: The Legend Reborn - Quark to be offered as a Means of In-Game Payment! Additionally, through our Support, Quark will be Introduced to 8.2 Million Shaquille O'Neal Fans! The Quark Community proudly announces a partnership with the talented and innovative game developers behind the upcoming crowdfunded game Shaq-Fu: A Legend Reborn (http://www.indiegogo.com/projects/shaq-fu-a-legend-reborn)! Our group is extremely pleased to announce that we will be working closely with the developers to enable Quark as an in-game payment option! Our group looks forward to a strong and mutually beneficial partnership with the great people behind this game. Additionally, we are very excited that as a result of our support to the game, we will be introduced via twitter to 8.2 million Shaquille O’Neal fans, with an accompanying YouTube video! The Quark Community looks forward to meeting Mr. O’Neal’s fans and hopes that they will join us in Reinventing Money together. Shaq-Fu: A Legend Reborn is a remake of a classic 1990’s beatem-up video game featuring none other than future Hall of Fame NBA Center Shaquille O’Neal in an epic battle of physical prowess against hordes of evil-doers. The current development team is out to re-design everything utilizing modern technology and gameplay dynamics - should be awesome! The Fu is strong with this one - Shaq recently threw the gauntlet at Kung-Fu legend Bruce Lee - we look forward to seeing the coming showdown hopefully in-game! https://www.youtube.com/watch?v=p1OTDukccfw&feature=youtu.be 2) Quark Digital Money Partners with Moolah to provide Fast and Secure In-store and Online Payment Solutions! The Quark community is ecstatic to partner with Moolah, which is an emerging leader among cryptocurrency payment platforms. They offer a full service payment platform, which allows for: - Direct USD to digital money (cryptocurrency) exchange - Merchant cryptocurrency payment portals - online and in store (in progress) The feature that Quark is especially excited about is their upcoming in store point of service payment devices. The Quark community believes that Quark is the perfect partner for this technology due to its inherent speed - with Quark, it will be possible to transfer payment and get initial confirmations within 30s instead of the minimum 10 minutes that Bitcoin needs. This will allow for in store payment for everything from small purchases like coffee, to large ticket items like furniture and home theatre merchandise in a Fast, and Secure way. Additionally - if you're a merchant, charity organization or anyone else, and want to accept Quark and any other cryptocurrencies as payment with direct conversion to USD, please get in contact with Moolah. In Partnership with Moolah, Euro/Quark and GBP/Quark will be upcoming, so that Europeans will be able to participate in this exciting new service. Other services offered by Moolah: Prelude - Exchange services are offered allowing for direct exchange of USD/Quark as well for other cryptocurrencies! Exchange between cryptocurrencies at Prelude in a highly secure manner, with a company that has proven dedicated to building trust through transparency of practice. https://prelude.io/ Digipay - Web browser extensions which allow for the use of cryptocurrencies on major websites like Amazon! http://digipay.io/ MitM - Escrow services for those times when both sides need absolute certainty to protect their investment. https://mitm.io/ We are proud and very excited to team with Moolah and hope to establish a strong and rewarding relationship. Please show your support and learn about this rapidly developing leader in cryptocurrency payments here: https://moolah.io/ Quark in the Media: Wall Street Journal: ● http://online.wsj.com/article/HUG1747585.html?dsk=y ● http://blogs.wsj.com/moneybeat/2014/02/12/bitbeat-alt-coins-bitten-by-same-bitcoin-bug/ Fox Business News: ● http://www.foxbusiness.com/personal-finance/2014/03/18/altcoins-brave-new-world-beyond-bitcoin/ BTC38 News: ● http://www.btc38.com/altcoin/qrk/1155.html
1. Join our reddit group, quark forum or bitcointalk thread and feel free to ask any questions or get involved with our community initiatives! ● http://www.reddit.com/QuarkCoin/ ● http://forum.qrk.cc/ ● https://bitcointalk.org/index.php?topic=260031.0 Important initiatives: i) Quark Labs! - A brainpool of creatives who work on visuals and promotional material. Come to our reddit and ask to join! ii) Quark Universe! A collaboration of Quark community members on the IRC - Whose mission is to bring in new Quark supporters, answer all Quark related questions, provide people with information, support new projects, and help with Quark distribution. These guys have put a tremendous effort into creating how-to tutorials and have frequent Quark giveaways! Available on the IRC! Website and IRC access to Quark Universe can be found at: http://www.quarkuniverse.cc/ iii) Quark 1000! - Partner with Quark and help to organize and contribute to a great cause or charity organization! Contact GettinQuarky for details! iv) Quark Planet! - Started out as a small planning bulletin board for a comprehensive website for ALL Quark related info in support of Qrk.cc ( including video library, Ticker, Links, News feed, yellow pages etc)--Now evolved into a full scale collaborative effort of Quark Community members on many Quark Projects--Collaboration with Quark Universe is underway! v) Quark Roar - A Chinese Quark Press/Information platform which gathers all the talented and devoted Quarkers- Together we will bring the best information about Quark to the billions Chinese speaking audience around the world. www.quarkroar.com 2. Download the wallet for PC, Mac or Android! Getting started page here: http://www.qrk.cc/getting-started/ http://www.quarkuniverse.cc/2014/03/31/buying-quark-a-guide-for-newcomers/ Windows Wallet: Mac Wallet: Android Quark Wallet(beta) 3. Visit our Exchange website here in order to find an exchange for more Quark and see tutorials! http://www.qrk.cc/exchanges/ http://www.quarkuniverse.cc/2013/06/11/where-to-buy-sell-quark/ Major Exchanges: Quark - USD Moolah - Prelude Quark - CNY BTC38 Quark - Euro LiteBit Quark - Pounds Bittylicious Quark - BTC BTER Quark - LTC Cryptsy 4. Use Quark to make Fast and Secure payments with no transfer fees to all of the great merchants listed here and check out moolah too: ● http://www.qrk.cc/merchants/ http://www.quarkuniverse.cc/2014/03/21/merchants-that-accept-quark-as-payment/ ● https://moolah.io/ 5. Accept Quark donations for your charity organization with our easy to integrate widget here! ● http://www.qrk.cc/accept_donation/ 6. Donate to Quark Foundation to help support infrastructure development! ● http://www.quarkfoundation.cc/ ● QLrpaRNv6r6VNEy1GENiHwAtmX9T51MBrt 7. Follow us on Twitter! ● @Quark_QRK, ● @QrkFoundation ● @QuarkPress 8. Follow us on Sina Weibo! ● @QuarkRoar 9. Follow us on Facebook! ● Quark.Currency Other ways to support Quark. Support our Friends! One of the true pioneers in their support of Quark is the company All Things Luxury, which is a well established online retailer that has been a huge proponent of cryptocurrencies. In their own words: “All Things Luxury carries a vast selection of jewelry, precious metals and other products. We are a well established website and business that receives a significant amount of traffic and we are a leader in getting our fellow businesses to accept Crypto currencies as an alternative form of payment. Likewise, we will be pushing for our peers to now accept Quarkcoin.” www.allthingsluxury.biz
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
Hey Blackcoiners...I thought we could use another press release so I came up with this. If anyone has any suggestions on how we could improve it, feel free. Also, we need to figure out the best way to get it out there. BlackCoin Projects Taking Crypto-Currency to the Masses BlackCoin leads the POS revolution in crypto-currency with unprecedented projects designed to reach the mainstream user. With roughly two months since it's inception, BlackCoin has taken the crypto-currency world by storm. One of the first crypto-currencies to use the “proof of stake” system, BlackCoin has inspired many imitators in a short time. Despite the competition, BlackCoin has established itself as the most reliable currency in this class with an active and talented development team. One reason that BlackCoin has separated itself from the pack is the unrivaled level of support and transparency from the development team. Leaders from the community recently participated in an online broadcast known as the “BlackCast.” This rare “unmasking” of the development team has helped build confidence and make the currency seem more professional. Many topics were discussed including: real world adoption of the currency, recent technological innovations, and promotional efforts. The BlackCoin Pool is yet another innovation that has often been imitated but never successfully duplicated. While most crypto-currencies have mining pools, which use computers to solve complex algorithms, this results in an inflationary situation where many new coins are continually being created. BlackCoin uses a “multi-pool” which instead mines other virtual currencies and uses the proceeds to purchase BlackCoins for participants. This creates a steady stream of buying pressure in the market, which protects investors. Recently, Version 2.0 of the BlackCoin Pool was released with much success. With improved performance, a built-from scratch interface, and new features, the pool has been popular within the mining community. As more miners join on a daily basis, the price support for the currency continues to expand. Perhaps the most exciting development in recent days is the announcement that BlackCoin hired one of the leading tech PR agencies in the industry to promote the coin. Within a few days, the funds for the 90-day PR campaign were raised by the community, illustrating the level of involvement and confidence that it offers. The goal is to take BlackCoin into the mainstream and introduce it to new users. While Bitcoin has done a great job of illustrating the benefits of digital currency to millions of early adopters, BlackCoin aims to take that to the next level. With faster confirmation times, BlackCoin is the ideal choice for retail businesses who wish to offer their customers another way to pay. With retail adoption on the horizon, BlackCoin has also partnered with a leading point of sale company called Coinkite. Coinkite makes it possible for consumers to load debit cards with BlackCoin, Litecoin, and Bitcoin. Their funds can then be spent at a growing roster of merchants from around the world. While other currencies typically take several minutes to confirm, BlackCoin transactions are typically completed in a few seconds, making it the ideal partner for Coinkite. With so many projects on the horizon, it's easy to see why investors who missed out on the massive returns of Bitcoin are lining up to get involved with BlackCoin. The most popular method of purchasing the currency is by first purchasing Bitcoin and using that to buy BlackCoin on exchanges like Mintpal.com and Cryptsy.com. BlackCoin has also recently been added to the popular service Vault of Satoshi, which allows investors to buy directly with USD and other currencies. With huge returns and large volume, BlackCoin is attracting a new type of investor to the crypto-currency world. It's only a matter of time until it's accepted around the world, and investors who get in early reap the benefits.
Trade digital currency against FIAT currency, or digital against digital.
Digital currency against FIAT is definitely an amazing leap forward. I believe this makes Moolah the third exchange that does DOGE/USD, right behind Vault of Satoshi and ANXPRO. To the moon! But what's more interesting is the last bit of the quote. Digital against digital? What does that mean exactly? On Cryptsy, to purchase DOGE, you must buy and sell between BTC or LTC. This makes sense. Both Bitcoin and Litecoin are considered mature and stable. However, the ambiguity of digital and digital has me thinking. And, you probably already know where I'm going with this... The Idea (Nitrous)
To cover my bases, Moolah's Exchange may already have this feature implemented without releasing the details to the public. If I'm blowing the cover on this one, my apologizes. D: But like I said, digital/digital is pretty ambiguous, and it could mean [any coin]/[any coin]. But that would be crazy, right? HOWEVER, if [altcoin]/DOGE isn't in the works, then let's try to make this happen, yeah? In my opinion, this would be bigger than DOGE/FIAT. This would mean Dogecoin wouldn't be just any altcoin, or any popular digital currency, it would mean Dogecoin sits in Mount Olympus, at the Round Table, is one of the Holy Trinity; this is the big, BIG time. What do you guys think? An Apology Alex @ Moolah, I know you're on vacation, so sorry for being yet another guy to drag you into the thick of this sub. :) But, I grew up in the information age, and I want to know things as soon as I want to know them! And you have a staff now, so I'm assuming they'll be involved in some higher level fielding of questions soon.
This thread is going to be constantly updated with a list of services for Megacoin users. If you feel your service should be added to the list, just post or PM us. Exchanges • Cryptsy (MEC/BTC) An exchange with a wide selection of alt coins. • Cryptsy (MEC/LTC) Same exchange as above but trading for LTC instead of BTC. • CoinEx (MEC/BTC) Real time alt-coin exchange. • BTC38 (MEC/CNY) Popular Chinese exchange for cryptocurrencies. • Bter (MEC/BTC) Chinese crypto currency exchange Block Explorers • CoinPlorer • CoinWorld Mining Pools • Small Time Miner Proportional Payouts, Full Block Rewards Including Tx Fees, 1% Pool Fee • CoinEx PPLNS with 10min window. • MultiPool Multi-currency cryptocoin mining pool. • MinePool.net Stratum pool. Proportional payout per block after 120 confirmations and 5% reward to block finder. • MiningPool.co Multiple VARDIFF stratum servers. Proportional payments. Mining Profitability • CoinChoose Compares several cryptocurrencies all on the same page! • CoinWarz Watch the CryptoCurrencies battle each other in profit! • Where To Mine? Need to know where to mine? This page will tell you. Gaming • MegaDice Dice Game with 2% House Edge. • CoinWorld Lotto Megacoin Lottery, Several Prizes, Weekly Drawings. Shopping • Brown Box Tech Computer hardware and consumer electronics. • CryptoBooks Buy eBooks with with Megacoins. • Bitezze Buy precious metals with Megacoins. • Megacoin bumper stickers Bumper Stickers.
Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin ... Bitcoin Games Games that require bitcoins for play. BitHit Simply one of the best Bitcoin Slots games available, featuring Bitcoin deposits and a provably fair system! Register now, deposit any amount and get 10 FREE SPINS — 1% House Edge SuperZino HTML5 Online casino accepting bitcoins ; CryptoBounty largest ponzi-scheme based online casino!; JuicyDice Fair and simple Bitcoin dice game. Cryptsy is an Internet startup operated by Project Investors, Inc. focusing on the exchange of Crypto-Currency commonly known as “BitCoin” and it's derivatives. We currently service more than 60 different types of crypto-currency. The Cryptsy.com exchange opened on May 20th, 2013 and since then has seen rapid growth in both customer base and trade volume. We currently have over 9500 ... Q&A for Bitcoin crypto-currency enthusiasts. Stack Exchange network consists of 175 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.. Visit Stack Exchange Cryptsy: Confirmed 0.75 BTC deposit from ~48 hours ago not credited to account. Many reports of similar issues. Considering a flight to visit BigVern in Florida. Close. 52. Posted by. u/alheim. 5 years ago. Archived. Cryptsy: Confirmed 0.75 BTC deposit from ~48 hours ago not credited to account. Many reports of similar issues. Considering a flight to visit BigVern in Florida. Since I opened my ...
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