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The Strange Birth & History of Monero, Part III: Decentralized team

You can read here part I (by americanpegaus). This is the post that motivated me to make the part II. Now i'm doing a third part, and there'll be a final 4th part. This is probably too much but i wasn't able to make it shorter. Some will be interested in going through all them, and maybe someone is even willing to make a summary of the whole serie :D.
Monero - an anonymous coin based on CryptoNote technology
https://bitcointalk.org/index.php?topic=582080.0
Comentarios de interés:
-4: "No change, this is just a renaming. In the future, the binaries will have to be changed, as well as some URL, but that's all. By the way, this very account (monero) is shared by several user and is meant to make it easier to change the OP in case of vacancy of the OP. This idea of a shared OP comes from Karmacoin.
Some more things to come:
"
(https://bitcointalk.org/index.php?topic=582080.msg6362672#msg6362672)
-5: “Before this thread is too big, I would like to state that a bug has been identified in the emission curve and we are currently in the process of fixing it (me, TFT, and smooth). Currently coins are emitted at double the rate that was intended. We will correct this in the future, likely by bitshifting values of outputs before a certain height, and then correcting 1 min blocks to 2 min blocks. The changes proposed will be published to a Monero Improvement Protocol on github.”
(https://bitcointalk.org/index.php?topic=582080.msg6363016#msg6363016)
[tacotime make public the bug in the emission curve: token creation is currently 2 times what was intended to be, see this chart BTC vs the actual XMR curve, as it was and it is now, vs the curve that was initially planned in yellow see chart]
-14: “Moving discussion to more relevant thread, previous found here:
https://bitcointalk.org/index.php?topic=578192.msg6364026#msg6364026
I have to say that I am surprised that such an idea [halving current balances and then changing block target to 2 min with same block reward to solve the emission curve issue] is even being countenanced - there are several obvious arguments against it.
Perception - what kind of uproar would happen if this was tried on a more established coin? How can users be expected to trust a coin where it is perceived that the devs are able and willing to "dip" into people's wallets to solve problems?
Technically - people are trying to suggest that this will make no difference since it applies to reward and supply, which might be fair enough if the cap was halved also, but it isn't. People's holdings in the coin are being halved, however it is dressed up.
Market price - How can introducing uncertainty in the contents of people's wallets possibly help market price? I may well be making a fool of myself here, but I have never heard of such a fix before, unless you had savings in a Cypriot bank - has this ever been done for another coin?”
(https://bitcointalk.org/index.php?topic=582080.msg6364174#msg6364174)
-15: “You make good points but unfortunately conflicting statements were made and it isn't possible to stick to them all. It was said that this coin had a mining reward schedule similar to bitcoin. In fact it is twice as fast as intended, even even a bit more than twice as fast as bitcoin.
If you acquired your coins on the basis of the advertised reward schedule, you would be disappointed, and rightfully so, as more coins come to into existence more quickly than you were led to believe.
To simply ignore that aspect of the bug is highly problematic. Every solution may be highly problematic, but the one being proposed was agreed as being the least bad by most of the major stakeholders. Maybe it will still not work, this coin will collapse, and there will need to be a relaunch, in which case all your coins will likely be worthless. I hope that doesn't happen.”
(https://bitcointalk.org/index.php?topic=582080.msg6364242#msg6364242)
[smooth tries to justify his proposal to solve the emission curve issue: halve every current balance and change block target to 2 min with same block reward]
-16: “This coin wasn't working as advertised. It was supposed to be mined slowly like BTC but under the current emission schedule, 39% would be mined by the first year and 86% by the fourth year. Those targets have been moved out by a factor of 2, i.e. 86% mined by year 8, which is more like BTC's 75% by year 8. So the cap has been moved out much further into the future, constraining present and near-term supply, which is what determines the price.”
(https://bitcointalk.org/index.php?topic=582080.msg6364257#msg6364257)
[eizh supports smooth’s plan]
-20: “So long as the process is fair and transparent it makes no difference what the number is... n or n/2 is the same relative value so long as the /2 is applied to everyone. Correcting this now will avoid people accusing the coin of a favourable premine for people who mined in the first week.”
(https://bitcointalk.org/index.php?topic=582080.msg6364338#msg6364338)
[random user supporting smooth’s idea]
-21: “Why not a reduction in block reward of slightly more than half to bring it into line with the proposed graph? That would avoid all sorts of perceptual problems, would not upset present coin holders and be barely noticeable to future miners since less than one percent of coins have been mined so far, the alteration would be very small?”
(https://bitcointalk.org/index.php?topic=582080.msg6364348#msg6364348)
-22: “Because that still turns into a pre-mine or instamine where a few people got twice as many coins as everyone else in the first week.
This was always a bug, and should be treated as such.”
(https://bitcointalk.org/index.php?topic=582080.msg6364370#msg6364370)
[smooth wants to be sure they can’t be stigmatized as “premine”]
-23: “No, not true [answering to "it makes no difference what the number is... n or n/2 is the same relative value so long as the /2 is applied to everyone"]. Your share of the 18,000,000 coins is being halved - rightly or wrongly.”
(https://bitcointalk.org/index.php?topic=582080.msg6364382#msg6364382)
[good point made by a user that is battling “hard” with smooth and his proposal]
-28: “+1 for halving all coins in circulation. Would they completely disappear? What would the process be?”
-31: “I will wait for the next coin based on CryptoNote. Many people, including myself, avoided BMR because TFT released without accepting input from anyone (afaik). I pm'ed TFT 8 days before launch to help and didn't get response until after launch. Based on posting within the thread, I bet there were other people. Now the broken code gets "fixed" by taking away coins.”
(https://bitcointalk.org/index.php?topic=582080.msg6364531#msg6364531)
-32: “What you say is true, and I can't blame anyone from simply dropping this coin and wanting a complete fresh start instead. On the other hand, this coin is still gaining in popularity and is already getting close to bytecoin in hash rate, while avoiding its ninja premine. There is a lot done right here, and definitely a few mistakes.”
(https://bitcointalk.org/index.php?topic=582080.msg6364574#msg6364574)
[smooth stands for the project legitimacy despite the bugs]
-37: “Since everything is scaled and retroactive, the only person to be affected is... me. Tongue Because I bought BMR with BTC, priced it with incorrect information, and my share relative to the eventual maximum has been halved. Oh well. The rest merely mined coins that never should have been mined. The "taking away coins" isn't a symptom of the fix: it's the fundamental thing that needed fixing. The result is more egalitarian and follows the original intention. Software is always a work-in-progress. Waiting for something ideal at launch is pretty hopeless. edit: Let me point out that most top cryptocurrencies today were released before KGW and other new difficulty retargeting algorithms became widespread. Consequently they had massive instamines on the first day, even favorites in good standing like LTC. Here the early miners are voluntarily reducing their eventual stake for the sake of fairness. How cool is that?”
(https://bitcointalk.org/index.php?topic=582080.msg6364886#msg6364886)
[this is eizh supporting the project too]
-43: “I'm baffled that people are arguing about us making the emission schedule more fair. I'm an early adopter. This halves my money, and it's what I want to do. There's another change that needs to be talked about too: we don't believe that microscopic levels of inflation achieved at 9 or 10 years will secure a proof-of-work network. In fact, there's a vast amount of evidence from DogeCoin and InfiniteCoin that it will not. So, we'd like to fix reward when it goes between 0.25 - 1.00 coins. To do so, we need to further bitshift values to decrease the supply under 264-1 atomic units to accommodate this. Again, this hurts early adopters (like me), but is designed to ensure the correct operation of the chain in the long run. It's less than a week old, and if we're going to hardfork in economic changes that make sense we should do it now. We're real devs turning monero into the coin it should have been, and our active commitment should be nothing but good news. Fuck the pump and dumps, we're here to create something with value that people can use.”
(https://bitcointalk.org/index.php?topic=582080.msg6366134#msg6366134)
[tacotime brings to the public for first time the tail emission proposal and writes what is my favourite sentence of the whole monero history: “Fuck the pump and dumps, we're here to create something with value that people can use”]
-51: “I think this is the right attitude. Like you I stand to "lose" from this decision in having my early mining halved, but I welcome it. Given how scammy the average coin launch is, I think maximizing fairness for everyone is the right move. Combining a fair distribution with the innovation of Cryptonote tech could be what differentiates Monero from other coins.”
(https://bitcointalk.org/index.php?topic=582080.msg6366346#msg6366346)
-59: “Hello! It is very good that you've created this thread. I'm ok about renaming. But I can't agree with any protocol changes based only on decisions made by bitcointalk.org people. This is because not all miners are continiously reading forum. Any decision about protocol changes are to be made by hashpower-based voting. From my side I will agree on such a decision only if more than 50% of miners will agree. Without even such a simple majority from miners such changes are meaningless. In case of hardfork that isn't supported by majority of miners the network will split into two nets with low-power fork and high-power not-forking branches. I don't think that this will be good for anybody. Such a voting is easy to be implemented by setting minor_version of blocks to a specific value and counting decisions made after 1000 of blocks. Do you agree with such a procedure?”
(https://bitcointalk.org/index.php?topic=582080.msg6368478#msg6368478)
[TFT appears after a couple days of inactivity]
-63: “In few days I will publish a code with merged mining support. This code will be turned ON only by voting process from miners. What does it mean:
The same procedure is suitable for all other protocol changes.”
(https://bitcointalk.org/index.php?topic=582080.msg6368720#msg6368720)
[And now he is back, TFT is all about merged mining]
-67: “We don't agree that a reverse split amounts to "taking" coins. I also wouldn't agree that a regular forward split would be "giving" coins. It's an exchange of old coins with new coins, with very nearly the exact same value. There is a very slight difference in value due to the way the reward schedule is capped, but that won't be relevant for years or decades. Such a change is entirely reasonable to fix an error in a in coin that has only existed for a week.”
(https://bitcointalk.org/index.php?topic=582080.msg6368861#msg6368861)
-68: “There were no error made in this coin but now there is an initiative to make some changes. Changes are always bad and changes destroy participant confidence even in case these changes are looking as useful. We have to be very careful before making any changes in coins”
(https://bitcointalk.org/index.php?topic=582080.msg6368939#msg6368939)
[TFT does not accept the unexpected emission curve as a bug]
-72: “You are wrong TFT. The original announcement described the coin as having a reward curve "close to Bitcoin's original curve" (those are your exact words). The code as implemented has a reward curve that is nothing like bitcoin. It will be 86% mined in 4 years. It will be 98% mined in 8 years. Bitcoin is 50% mined in 4 years, and 75% in 8 years.
With respect TFT, you did the original fork, and you deserve credit for that. But this coin has now gone beyond your initial vision. It isn't just a question of whether miners are on bitcointalk or not.
There is a great team of people who are working hard to make this coin a success, and this team is collaborating regularly through forum posts, IRC, PM and email. And beyond that a community of users who by and large have been very supportive of the efforts we've taken to move this forward.
Also, miners aren't the only stakeholders, and while a miner voting process is great, it isn't the answer to every question. Though I do agree that miners need to be on board with any hard fork to avoid a harmful split.”
(https://bitcointalk.org/index.php?topic=582080.msg6369137#msg6369137)
[smooth breaks out publicily for first time against TFT]
-75: “I suppose that merged mining as a possible option is a good idea as soon as nobody is forced to use it. MM is a possibility to accept PoW calculated for some other network. It helps to increase a security of both networks and makes it possible for miners not to choose between two networks if they want both:
Important things to know about MM:
Actually the only change that goes with MM is that we are able to accept PoW from some other net with same hash-function. Each miner can decide his own other net he will merge mine BMR with.
And this is still very secure.
This way I don't see any disadvantage in merged mining. What disadvantages do you see in MM?”
(https://bitcointalk.org/index.php?topic=582080.msg6369255#msg6369255)
[TFT stands for merged mining]
-77: “Merged mining essentially forces people to merge both coins because that is the only economically rational decision. I do not want to support the ninja-premined coin with our hash rate.
Merged mining makes perfect sense for a coin with a very low hash rate, otherwise unable to secure itself effectively. That is the case with coins that merge mine with bitcoin. This coin already has 60% of the hash rate of bytecoin, and has no need to attach itself to another coin and encourage sharing of hash rate between the two. It stands well on its own and will likely eclipse bytecoin very soon.
I want people to make a clear choice between the fair launched coin and the ninja-premine that was already 80% mined before it was made public. Given such a choice I believe most will just choose this coin. Letting them choose both allows bytecoin to free ride on what we are doing here. Let the ninja-preminers go their own way.”
(https://bitcointalk.org/index.php?topic=582080.msg6369386#msg6369386)
[smooth again]
-85: “One of you is saying that there was no mistake in the emission formula, while the other is. I'm not asking which I should believe . . I'm asking for a way to verify this”
(https://bitcointalk.org/index.php?topic=582080.msg6369874#msg6369874)
[those that have not been paying attention to the soap opera since the beginning do not understand anything at all]
-86: “The quote I posted "close to Bitcoin's original curve" is from the original announcement here: https://bitcointalk.org/index.php?topic=563821.0
I think there was also some discussion on the thread about it being desirable to do that.
At one point in that discussion, I suggested increasing the denominator by a factor of 4, which is what ended up being done, but I also suggested retaining the block target at 2 minutes, which was not done. The effect of making one change without the other is to double the emission rate from something close to bitcoin to something much faster (see chart a few pages back on this thread).”
(https://bitcointalk.org/index.php?topic=582080.msg6369935#msg6369935)
[smooth answers just a few minutes later]
-92: “I'm happy the Bitmonero attracts so much interest.
I'm not happy that some people want to destroy it.
Here is a simple a clear statement about plans: https://bitcointalk.org/index.php?topic=582670
We have two kind of stakeholders we have respect: miders and coin owners.
Before any protocol changes we will ask miners for agreement. No changes without explicit agreement of miners is possible.
We will never take away or discount any coins that are already emitted. This is the way we respect coin owners.
All other issues can be discussed, proposed and voted for. I understand that there are other opinions. All decisions that aren't supported in this coin can be introduced in any new coin. It's ok to start a new fork. It's not ok to try to destroy an existsing network.”
(https://bitcointalk.org/index.php?topic=582080.msg6370324#msg6370324)
[TFT is kinda upset – he can see how the community is “somehow” taking over]
-94: “Sounds like there's probably going to be another fork then. Sigh.
I guess it will take a few tries to get this coin right.
The problem with not adjusting existing coins is that it make this a premine/instamine. If the emission schedule is changed but not as a bug fix, then earlier miners got an unfair advantage over everyone else. Certainly there are coins with premines and instamines, but there's a huge stigma and such a coin will never achieve the level of success we see for this coin. This was carefully discussed during the team meeting, which was announced a day ahead of time, and everyone with any visible involvement with the coin, you included, was invited. It is unfortunate you couldn't make it to that meeting TFT.”
(https://bitcointalk.org/index.php?topic=582080.msg6370411#msg6370411)
[smooth is desperate due to TFT lack of interest in collaboration, and he publicly speaks about an scission for first time]
-115: “Very rough website online, monero.cc (in case you asked, the domain name was voted on IRC, like the crypto name and its code). Webdesigner, webmaster, writers... wanted.”
(https://bitcointalk.org/index.php?topic=582080.msg6374702#msg6374702)
[Even though the lack of consensus and the obvious chaos, the community keeps going on: Monero already has his own site]
-152: “Here's one idea on fixing the emissions without adjusting coin balances.
We temporarily reduce the emission rate to half of the new target for as long as it takes for the total emission from 0 to match the new curve. Thus there will be a temporary period when mining is very slow, and during that period there was a premine.
But once that period is compete, from the perspective of new adopters, there was no premine -- the total amount of coins emitted is exactly what the slow curve says it should be (and the average rate since genesis is almost the same as the rate at which they are mining, for the first year or so at least).
This means the mining rewards will be very low for a while (if done now then roughly two weeks), and may not attract many new miners. However, I think there enough of us early adopters (and even some new adopters who are willing to make a temporary sacrifice) who want to see this coin succeed to carry it through this period.
The sooner this is done the shorter the catch up period needs to be.”
(https://bitcointalk.org/index.php?topic=582080.msg6378032#msg6378032)
[smooth makes a proposal to solve the “emission curve bug” without changing users balances and without favoring the early miners]
-182: “We have added a poll in the freenode IRC room "Poll #2: "Emission future of Monero, please vote!!" started by stickh3ad. Options: #1: "Keep emission like now"; #2: "Keep emission but change blocktime and final reward"; #3: "Keep emission but change blocktime"; #4: "Keep emission but change final reward"; #5: "Change emission"; #6: "Change emission and block time"; #7: "Change emission and block time and final reward"
Right now everyone is voting for #4, including me.”
(https://bitcointalk.org/index.php?topic=582080.msg6379518#msg6379518)
[tacotime announces an ongoing votation on IRC]
-184: “ change emission: need to bitshift old values on the network or double values after a certain block. controversial. not sure if necessary. can be difficult to implement. keep emission: straightforward, we don't keep change emission or block time. change final reward is simple. if (blockSubsidy < finalSubsidy) return finalSubsidy; else return blockSubsidy;”
(https://bitcointalk.org/index.php?topic=582080.msg6379562#msg6379562)
-188: “Yeah, well. We need to change the front page to reflect this if we can all agree on it.
We should post the emissions curve and the height and value that subsidy will be locked in to.
In my opinion this is the least disruptive thing we can do at the moment, and should ensure that the fork continues to be mineable and secure in about 8 years time without relying on fees to secure it (which I think you agree is a bad idea).”
(https://bitcointalk.org/index.php?topic=582080.msg6379871#msg6379871)
[tacotime]
-190: “I don't think the proposed reward curve is bad by any means. I do think it is bad to change the overall intent of a coin's structure and being close to bitcoins reward curve was a bit part of the intent of this coin. It was launched in response to the observation that bytecoin was 80% mined in less than two years (too fast) and also that it was ninja premined, with a stated goal that the new coin have a reward curve close to bitcoin.
At this point I'm pretty much willing to throw in the towel on this launch:
  1. No GUI
  2. No web site
  3. Botched reward curve (at least botched relative to stated intent)
  4. No pool (and people who are enthusiastically trying to mine having trouble getting any blocks; some of them have probably given up and moved on).
  5. No effective team behind it at launch
  6. No Mac binaries (I don't think this is all that big a deal, but its another nail)
I thought this could be fixed but with all the confusion and lack of clear direction or any consistent vision, now I'm not so sure.
I also believe that merged mining is basically a disaster for this coin, and is probably being quietly promoted by the ninjas holding 80% of bytecoin, because they know it keeps their coin from being left behind, and by virtue of first mover advantage, probably relegates any successors to effective irrelevance (like namecoin, etc.).
We can do better. It's probably time to just do better.”
(https://bitcointalk.org/index.php?topic=582080.msg6380065#msg6380065)
[smooth is disappointed]
-191: “The website does exist now, it's just not particularly informative yet. :) But, I agree that thankful_for_today has severely mislead everyone by stating the emission was "close to Bitcoin's" (if he's denying that /2 rather than /4 emission schedule was unintentional, as he seems to be). I'm also against BCN merge mining. It works against the goal of overtaking BCN and if that's not a goal, I don't know what we're even doing here. I'll dedicate my meagre mining to voting against that.
That said, you yourself have previously outlined why relaunches and further clones fail. I'd rather stick with this one and fix it.”
(https://bitcointalk.org/index.php?topic=582080.msg6380235#msg6380235)
[eizh tries to keep smooth on board]
-196: “BCN is still growing as well. It is up to 1.2 million now. If merged mining happens, (almost) everyone will just mine both. The difficulty on this coin will jump up to match BCN (in fact both will likely go higher since the hash rate will be combined) and again it is an instamine situation. (Those here the first week get the benefit of easy non-merged mining, everyone else does not.) Comments were made on this thread about this not being yet another pump-and-dump alt. I think that could have been the case, but sadly, I don't really believe that it is.”
(https://bitcointalk.org/index.php?topic=582080.msg6380778#msg6380778)
-198: “There's no point in fragmenting talent. If you don't think merge mining is a good idea, I'd prefer we just not add it to the code.
Bitcoin had no web site or GUI either initially. Bitcoin-QT was the third Bitcoin client.
If people want a pool, they can make one. There's no point in centralizing the network when it's just began, though. Surely you must feel this way.”
(https://bitcointalk.org/index.php?topic=582080.msg6381866#msg6381866)
[tacotime also wants smooth on board]
-201: “My personal opinion is that I will abandon the fork if merge mining is added. And then we can discuss a new fork. Until then I don't think Monero will be taken over by another fork.”
(https://bitcointalk.org/index.php?topic=582080.msg6381970#msg6381970)
[tacotime opens the season: if merged mining is implemented, he will leave the ship]
-203: “Ditto on this. If the intention wasn't to provide a clearweb launched alternative to BCN, then I don't see a reason for this fork to exist. BCN is competition and miners should make a choice.”
(https://bitcointalk.org/index.php?topic=582080.msg6382097#msg6382097)
[eizh supports tacotime]
-204: “+1 Even at the expense of how much I already "invested" in this coin.”
(https://bitcointalk.org/index.php?topic=582080.msg6382177#msg6382177)
[NoodleDoodle is also against merged mining]
This is basically everything worth reading in this thread. This thread was created in the wrong category, and its short life of about 2 days was pretty interesting. Merged mining was rejected and it ended up with the inactivity of TFT for +7 days and the creation of a new github repo the 30th of April. It is only 12 days since launch and a decentralized team is being built.
Basically the community had forked (but not the chain) and it was evolving and moving forward to its still unclear future.
These are the main takeaways of this thread:
  • The legitimacy of the "leaders" of the community is proven when they proposed and supported the idea of halving the balances for the greater good to solve the emission curve issue without any possible instamine accusation. Also their long-term goals and values rejecting merged-mining with a "primined scam"
  • It is decided that, as for now, it is “too late” to change the emission curve, and finally monero will mint 50% of its coin in ~1.3 years (bitcoin did it after 3.66 years) and 86% of its coins in 4 years (bitcoin does it in ~11 years) (was also voted here) (see also this chart)
  • It is decided that a “minimum subsidy” or “tail emission” to incentivize miners “forever” and avoid scaling fees will be added (it will be finally added to the code march 2015)
  • Merged mining is plainly rejected by the future “core team” and soon rejected by "everyone". This will trigger TFT inactivity.
  • The future “core team” is somehow being formed in a decentralized way: tacotime, eizh, NoodleDoodle, smooth and many others
And the most important. All this (and what is coming soon) is a proof of the decentralization of Monero. Probably comparable to Bitcoin first days. This is not a company building a for-profit project (even if on the paper it is not for-profit), this a group of disconnected individuals sharing a goal and working together to reach it.
Soon will be following a final part where i'll collect the bitcointalk logs in the current official announcement threads. There you'll be able to follow the decentralized first steps of develoment (open source pool, miner optimizations and exchanges, all surrounded by fud trolls, lots of excitmen and a rapidly growing collaborative community.
submitted by el_hispano to Monero [link] [comments]

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  • A Digital Asset - Cryptogenic Bullion is a digital asset with all of the properties of money. Like gold, it is portable, divisible, fungible, scarce, low inflation, durable, non-consumable, and a store of wealth. It can be stored in a private safe and yet transferred across the globe in minutes.
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  • Updates and News Latest blog information, twitter feed, etc.
  • Investor Brief
    $___ USD/CGB Price $500,000 Market Cap B_____CGB/BTC Price 950,000 CGB Total Supply Last updated: X seconds ago

About

About CGB:
Cryptogenic Bullion is a digital asset with all of the qualities of money. It is a descendant of Bitcoin, but employs an advanced security model which is more efficient and more secure than Bitcoin. The problems of today's debt based fiat currencies find solutions in cutting-edge decentralized cryptographic currencies like Cryptogenic Bullion. Designed to function as a store of wealth, CGB's fundamentals emulate the properties and supply of gold.
While Cryptogenic Bullion shares many traits with Bitcoin such as fast global payments, decentralization, pseudo-anonymity, and non-reversible transactions, there are many improvements which allow CGB to more reliably store wealth. A critical requirement for storing wealth is a low inflation rate. Cryptogenic Bullion is a very rare exception in that it has nearly completed its volatile inflationary stage and settled into its maximum yearly inflation rate of 2%. It also allows prudent savers of Cryptogenic Bullion to earn up to 1.5% interest on funds left unspent in their wallets for at least 30 days.
Crypto-currencies are finding support among a massive and diverse range of participants. For newcomers, a visit to one of the following pages would be beneficial depending on your current level of understanding and intention. Cryptogenic Bullion emulate the properties of gold, a classic safe-haven asset, and also represents a part of the movement towards a more fair and honest system of money. For more details on why and how, see the Fundamental Knowledge section. To quickly learn more about the crypto-markets, see the Investor Brief section. For analysing market dynamics, see the Market Fundamentals section.
Specifications
  • Proof of Work/Proof of Stake Hybrid
  • Algorithm: Scrypt
  • Linear difficulty retarget (every 2 blocks)
  • 5 Confirmations
  • 60 Second block time
  • 1.5% Annual interest earned
  • Subsidy halving after every 50k blocks until reward of 0.01
  • Target ~1,000,000 CGB
  • 0.5% PoW & 1.5% PoS inflation
  • Based on Peercoin & Novacoin
Team:
Fundamental Knowledge:
In order to understand the need for cryptographic currencies like Bitcoin and Cryptogenic Bullion, we must consider a number of fundamental challenges with our current financial system, and the solutions that cryptographic currencies provide. The world's currencies are referred to as debt-based fiat currencies because they are not backed by a physical asset like gold, and can burden up to 30 participants with debt for each actual dollar in reserve, creating the potential for bank runs. It helps to realize that when a credit card is used to purchase something, dollars are created , and when you pay it off, dollars are destroyed. This scheme is referred to as fractional reserve banking and can not happen in a digital currency system without the owner's knowledge because the supply is strictly controlled by a decentralized protocol.
We are beginning, as a society, to understand the dangers and inefficiencies found in centralized systems as corruptions and self destructive processes manifest themselves with no true remedy. As our society looks for answers, they are being found in technological advances which allow us to connect with each other in more meaningful ways which do not require a third party. Cryptographic currencies provide the convenience of cash, with neither the excessive centralized printing, nor the potential for censorship or sanctions which block the transmission of funds. A new economy is forming with various crypto-currencies attempting to fill different roles within the ecosystem. It is imperative that we capitalize these technologies through careful investment to allow for the necessary development which will enable them to be a major part of modern society. To quickly learn more about the crypto-markets, see the Investor Brief section.
Trust in crypto-currencies must begin with a basic understanding of how the system functions and how to use it. Technology has existed for decades now which allow us to verify that a message was signed by an individual. This authentication technology is now used to prove that the holder of a private wallet has sent funds form that wallet to another. Keeping this key secret is the responsibility of each participant and this responsibility is the price for the freedom enabled by cryptographic currencies. Every transaction that has ever occurred is recorded in a distributed ledger which proves the current balance of all wallets in order to validate further transactions. Blocks created every 60 seconds containing all of the new transactions are added to the top of the block chain and further serve to set all previous blocks in "cryptographic" stone. For more details on how CGB's decentralized protocols provide trusted security and honest money, see the Papers and Articles section.
In order to get a glimpse of what the future cryptographic currency ecosystem could look like we must accept that there are many different roles to fill, and it is difficult for one currency to efficiently fill all roles. A store of wealth, like Cryptogenic Bullion (CGB), must have a low inflation rate to preserve capital and reduce volatility. Stability can also be encouraged if the bearer is allowed to earn interest on savings stored unspent for a specified length of time. A currency, like Dogecoin (DOGE), must have a higher inflation rate to slightly exceed the adoption rate. This provides liquidity and encourages spending which furthers the expansion of the participant base. A market gateway, like Bitcoin (BTC), must also have a higher inflation rate to match adoption so that liquidity is maintained which enhances the access to each of its markets. The market gateway also insulates the cryptographic currencies and stores of wealth from the market fluctuations caused by volatile shifts in demand for fiat currencies vs. crypto-currencies as a whole. For more information on these dynamics, see the Market Fundamentals section.
Frequently Asked Questions:
Categories
  • General
  • Investing
  • Storing Wealth
  • Wallet Software
  • (more?)
...
Continued in this comment (directly below).
submitted by papersheepdog to CryptogenicBullion [link] [comments]

MAD Doge - Market Analysis 2/27/2014 (Limited Time edition) 40 minutes of laptop battery...let's go!

Okay, I'm on my laptop and I only have 40, make that 39 minutes of battery life. Realistically, I'm looking at 29 minutes before my computer shuts down. Let's do this.

NEWS

A senator has called for the banning of BitCoin - don't worry, this usually happens when something bad turns up. All that he's doing is playing into the anger some people have for losing their money. He's just hoping to pass regulation that he can get his name on that he can add a few small sections of his own. Sneaky Cat
Mt. GOX is being probed by both Japanese and US regulators, I believe this is likely due to the fact that MT GOX was shut down earlier and allowed to be opened by the US Government, essentially approving of their services Such Endorsement. It looks bad for the regulators that approved it and their trying to cover their bases in hopes the blame can be shifted towards MT GOX alone.
If you haven't glanced at the price of DOGE today, it's rising and it looks like we're getting a steady boost. The price of DOGE vs the US Dollar rose 20% over the past 24 hours according to Doge4us and it looks like we're going to stay consistently above $1 / 1kDOGE.
Additionally, we're seeing a boost in mining which shows that confidence has returned to the DOGE mining community and we should see some decent boosts over the next few hours.
If you search DogeCoin or BitCoin on the web, you'll notice a lot of news outlets getting in on month-old news. We already knew a guy was selling his house for DOGE long ago and many other stories were re-run. Although funny to point out, publicity is still publicity, so keep it going!

Last bit...

  1. If you have a link to a business online that sells stuff for DOGE, please post it below!
  2. Okay, let's do something special, for any comments, tip me and I'll double it and give it to the most popular DOGE accepting charity (through the DogeCoin Foundation - With Picture Proof on the next post) It's time to give back, it's time to Shibe hard or go home. You don't even have to donate, at least post a comment of which charity you want to see supported. :)
  3. Please note that I will double within reason, I'll cap it, but I won't let you know the cap, because I tend to break my own rules. It's charity after all :)
No battery life left! I'll fix any typos tomorrow!
submitted by DRKMSTR to MADDOGE [link] [comments]

[Table] IAmA full-time Bitcoin day-trader, blogger, and explainer. I was a pro TCG player. Here until Midnight EST. AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-02-20
Link to submission (Has self-text)
Questions Answers
Let's say someone was looking for a stay at home computer job, would you recommend doing what you do? Is it something you can hop into, or is it something a lot of time must be put into before considerable income comes? You handle risk and pressure well, and you don't let your emotions guide your decision-making. Professional Poker and TCG players often develop this skillset.
You have experience working with stocks, bonds, derivatives, foreign exchange, or other financial instruments. If you have a strong mathematical background, that would also likely fulfill this.
You can invest significant capital into trading while remaining financially secure if it all suddenly vanishes.
You are capable of constantly monitoring a situation, waking up in the middle of the night if an alarm goes off, etc. It requires serious dedication.
You are good at keeping up with news, understanding market psychology, and "feeling" shifts in attitude and perception among other market participants.
Of those, I'd be most cautious if you don't meet no. 3. Going bust is a real possibility--day-trading a volatile commodity is inherently extremely high-risk. Nos. 2 and 4 are the easiest to learn or force through routine. No. 1 requires a person who approaches things in an emotionally detached manner. No. 5 is something that comes with investing enough time.
Second question: I'm answering this after that big block of text because this answer will come off like a get-rich-quick scheme. Yes, you can hop into it very quickly, and you can start making very high profits very quickly. I put in a small initial investment to test the waters, and made 10% on it in a few days. If you have the right skillset, composure, and resources, yes. It is a potentially very lucrative and exciting stay-at-home job. It is not for everyone, though.
As much as it would be beneficial for me (being in the industry and all), to tell everyone it's easy and that it will help them provide for themselves I feel that people need to know the real risks that are involved. Regardless, that's all a little irrelevant. We're not playing the house, and we're not flipping coins. We're playing other investors, and we're making actual decisions. You keep saying things like "98% lose money" and "Go onto any FOREX forum, and you will see from the users posts that they pretty much all lose money" but you don't back it up. Cool, yeah, it's a zero-sum game with a rake: a little more than half of the players will lose. That's expected. They'll probably complain about it, too, huh?
Retrospect can have a very positive effect. Got any real account trading statements I can have a look at? Let's see how fast you can come up with excuses not to show me ;) I only have and need one: I have chosen not to disclose my personal valuation for privacy reasons. Same reason I've had all along. I instead publicly disclose my trades, as they happen, on my website. The posts are timestamped, and the ones that are the start of a position contain the price I entered at. Go check the posts, then go check the charts, then go check my archive. But feel free to continue to arbitrarily call my credibility into question--that makes your argument better!
What leverage do you use? In Australia the leverage is typically 100:1, perhaps that's why your not seeing how risky I deem it to be. First, our argument so far has had nothing to do with risk. Second, I told you I am leveraged 2.5:1, two posts ago. Third, you realize I'm trading Bitcoin, not ForEx, correct? And that no one in their right mind would offer 100:1 leverage on Bitcoin due to its volatility?
What's your last year's hourly salary? A year ago I was finishing up college and extricating myself from the TCG business I'd co-founded. I took very little in take-home pay over that period, but kept part ownership of the continuing business. Money isn't just about the number on your bank account--it's also about residual future income.
How many hours a week are you typically on a computer? On a computer, probably 50-55, if you add in time I spend on my phone, I'd say 65-70. Day trading takes constant watchfulness. I imagine it's like an easier version of taking care of a baby.
What are your favorite to sources of news besides waiting for it to get to the front/hot page of /Bitcoin when it's several hours old? I have an IFTTT for /BitcoinMarkets and /Bitcoin that notifies me early on about some posts.
What's the weirdest thing about your mom? She started a bookselling business online in her 50s and makes more money than me.
Or.
She's a little old lady who loves gadgets and technology.
What are your thoughts on Dogecoin and other bitcoin competitors? Do you think any have staying value? LTC.
DOGE.
NXT.
VTC.
Coins that offer something different or that have a strong community to them can be valuable prospects.
LTC is the first-mover scrypt coin - DOGE has the most non-techies interested in its success and is spreading quickly as a result - NXT is a cool generation two coin that has a lot of features BTC doesn't have - VTC is ASIC-resistant
Ok, let me spell it out to you. The retail forex market only makes up 5% of the total forex markets liquidity. The other 95% is from hedge funds and institutions. Therefore, 99% of the retail market losing their money is very possible, as that only makes up 4.95% of the whole market. Is it possible that 4.95% of the market generally loses? Yes. How is that infeasible? Nope. That's a false equivalence. It is possible that 4.95% of the market loses. It is not feasible, that, say, 99% of people with blue eyes lose. What, exactly, in empirical terms, is the difference between retail investors and hedge/institutions that causes this INCREDIBLE disparity? Would you care to respond to my above empirical argument that demonstrates that a zero-decision system is flipping a losing coin? Do you consider it feasible for 99% of people playing a 45-55 game to lose?
Are there options and/or futures markets for Bitcoin? Not really yet, but there will be more prominent ones soon. I hear about a new one pretty regularly, it seems, but nothing that seems truly legitimate has come out. I'm certainly excited for them, though.
Eventually, once Mr. Lawsky and co. get things sorted out, I'm certain we'll see a big-name investment bank start offering them.
From the time you started trading until today, what is your overall percentage return? In USD, my percentage return calculated from investment to current valuation is about 300% over a little more than 2 months.
In BTC, my percentage return calculated from investment to current valuation is about 425% over a little more than 2 months.
Using my average per-coin buy-in price, if I had just bought-and-held, I would have lost about 27% of my initial investment value.
Ben, i told you I'd be here and asking about Hearthstone first. If there's one class that needs a bit of tuning, up or down, which is it and why? I think Mage needs basic, class-level tuning. I'm not sure what needs to be done exactly, but I don't like what the Mage class power does to gameplay. I've thought some about how different it would be if it could only hit minions, and I'd want to know if Blizzard had tried that out. The Mage power is too versatile, and over the long-term I think it will prove to be problematic.
What's your favorite card? Lord Jaraxxus is my favorite card. He has a truly legendary feel to him when you play him, but your opponent can still win, even though he's very powerful.
So, where do you think we go from here? I'm currently short, but I don't expect to be so for a lot longer. I don't think we'll get past 550. I also don't expect this drop to hold on for a really long time.
I haven't seen a good, substantive rationale for what the MtGox situation really has to do with Bitcoin price. Yes, it looks bad, it certainly doesn't help with our legitimacy, but is it really worth the incredible price declines we continue to see? I don't think so. I think we are seeing these impressive declines because the price on MtGox (which is a reflection of trust in MtGox relative to Bitcoin price, not just Bitcoin price) has been declining heavily. I don't expect it to continue forever, especially not with things like the Winkdex and the accompanying ETF launching.
MtGox is basically dead to me, for now at least. The sooner everyone stops paying attention to it, the sooner we can all get back on track, which I, for one, will be quite happy about.
Do you think that it's a good thing for a game when the developers of that game discourage certain playing styles (e.g. mill decks or decks that try to win in unconventional manners) whether in hearthstone, MTG, or other TCGs? It can be. I don't want the developers metaphorically over my shoulder outlawing strategies, but I don't mind if the strategies that are "less fun" for your opponent (Draw/Go, Mill, or Hard Combo from MTG, for example) are also less powerful. Most players prefer a game where the best decks are also among the most fun, because it means that they are playing against fun decks more often. Clearly the 2-cost 3/3 will be played most often. If you fix this by making both 2-cost guys 2/2s or 3/3s, or by making one a 2/3 and the other a 3/2, then you've done something--but it's not that interesting. If you instead make the 2-cost 2/2 have text that says "While you control the 3-cost 3/3, this gets +2/+2" and you give the 3 cost 3/3 text that says "While you control the 2-cost 2/2, it has Taunt" you now have more complex cards that reward players for doing something other than just playing the best stand-alone card.
Which do you think is a better option to encourage diversity in TCGs; improving/buffing cards/decks that hardly see any play versus weakening/nerfing cards that are overwhelmingly played? This is obviously a very simplistic example, but I hope it makes the point. Games are more fun when you give players more relevant choices: buffing and nerfing cards tends not to do that as well as promoting synergies does.
Where/what is the actual money behind bitcoin? If it does exist. You might need to rephrase your question for me to understand what you're asking. If you're asking why a Bitcoin has value, the answer is the same as any other good: because someone is willing to pay it.
If you're asking why someone is willing to pay that amount, my answer would be utility.
I just got started on Bitfinex (using your referral link) and am a little intimidated. What types of trades would I recommend I try as a beginner? From there, just keep careful watch, and see what happens. Be neutral and objective toward your own hypothesis, just like in science. Don't be biased by your hopes, be focused on the reality.
So far I've only done a liquidity swap offer to try it since it seemed (nearly) risk free. Have you done any liquidity swap or is it too low in profit? If I'm not going to be able to check my computer for a day or two, or I'm uncertain of what's going to happen the next few days, I do use the liquidity swap function. It's actually very profitable, relative to traditional investments. And you're right, it is low-risk. I'm a fan. Good job selecting it if you were intimidated--that's a good place to start. As far as actually starting trading, do science. Start with a hypothesis. If you were up at 5 AM today when MtGox published their announcement, a good hypothesis might have been something like: "This announcement is going to be a blow to their credibility, and might panic the markets. We'll probably drop by some amount as a result." Invest based on it, figure out around what price you want to take profits, and at what price you'll cut your losses and get out. Stick to those determinations unless something substantive changes. The time you tell yourself you can afford to not close your position because it will "rebound" back to where you want is also the time you lose your shirt.
Is it true that you like Balloons? No, I <3 them.
Lol to the question about your mom... Ben, from my understanding Bitcoin is anonymous, does this mean that you can avoid taxation when receiving payment? Bitcoin isn't anonymous. That's actually a common misconception. It's actually pseudonymous, like Reddit. You end up with an online identity--a wallet address--that you use with Bitcoin.
If I walk up to you on a street corner and buy Bitcoin with cash, then I'm pretty much anonymous. If I buy it from a large institution like Coinbase or some other company, they will have records of the address my Bitcoin was bought for. As a result, you can trace them down, generally speaking.
As for avoiding taxation, that's a general no.
What do you think Bitcoin's biggest hurdle is and how do you think it can be overcome? Are there any misconceptions about Bitcoin that you think people have? The biggest hurdle for Bitcoin to overcome is governments. Governments have a variety of reasons not to want an alternative currency. We seem to have done pretty well on that front here in the US, but for other countries (China) that is not the case. Past that, the other major hurdle is something I consider an inevitability: consumer adoption. Business adoption has begun in earnest, consumer adoption hasn't. It will when enough businesses take Bitcoin to give it sufficient utility for the average customer.
What trading platform do you use to daytrade Bitcoin? What is the standard margin that Bitcoin brokers offer? what's the typical ask/bid spread? I primarily use Bitfinex.
Very few Bitcoin brokers currently offer leverage, Bitfinex offers 2.5:1. Over time, I anticipate it will become more like current Forex, where 10:1 or greater leverage is common.
It varies by exchange depending on their fees. Huobi charges 0% fees, so their spread is generally tiny. Some exchanges can be as wide as 1.5%. Typically, I see spreads between .5 and .7%.
Do you invest in any other type of cryptocurrency? if so, which is your favorite besides bitcoin? I currently have no other holdings, but I've held DOGE and LTC at points and am considering VTC and NXT. DOGE is probably my favorite, because if the community can keep this up for a little longer it will snowball into amaze.
Can you trade me a Jace? TMS WWK, TMS FTV, Beleren, MA, or AoT?
Beleren. M10, M11, LOR, JVC, JVCJPN, or Book Promo?
M10 and if not possible then M11. Sure.
I've been reading your blog for quite some time and especially like your summaries for recent events. Keep up the good work! Do you use strict stop-loss orders for your trades? When do you decide to close a trade? Especially in situations where you can basically see you profit/loss grow by the minute. When is enough? Do you have a longterm bitcoin investment you don't touch or do you use everything you have for trading? I do use relatively strict stop losses, but they're not stop loss orders. My conditions usually aren't just the price hitting a certain point, but instead it sustaining for a brief period, or hitting it with a certain volume, or with a certain amount of resistance to retreat. I don't want my stop loss to be triggered by some idiot who dumps 300 BTC and temporarily drops the price 15, but only ends up really dropping it 3. I am very strict with myself about this, though, generally speaking--if I can't trust promises I make to myself, what good am I?
Let's say for example you have a sum x dollar and a sum y bitcoin on your trading account. How much % of x or y do you risk at every trade? I've seen a formula for the max. amount of investment and read numerous times that traders shouldn't risk more than one or two percent of their "bankroll". Do you generally have dollar and btc or just one of them at any given time? 100% of funds in every trade, so long as all funds are easily moved into the position. Common exceptions are lack of liquidity and funds being on other exchanges. My reasoning for being all-in all-the-time is that it's a profit-maximizing move. It is also risk-maximizing. My risk tolerance is infinite; most people's isn't. Only ever one. Generally BTC if I'm long, dollar if I'm short. I prefer to double-dip, as otherwise it would be in contradiction to the 100% plan. I use everything I have for trading. Again, profit-maximization, infinite risk tolerance.
I decide a closing price when I'm near either my stop loss or my profit aim. I place a limit order or multiple limit orders wherever I need to. I avoid market orders whenever possible. Enough is when I hit my goals or my loss tolerance. I decide these at the start, but I frequently re-evaluate them as news and market conditions develop.
What is a typical bid/ask spread for Bitcoin? It depends what exchange you're looking at, but generally .5-.7%.
What's the best way to popularize Bitcoin among the masses? Add your own but would love your thoughts on: -microtransactions developing nations -gift economy (tipping) I would suggest just running around shouting "You get to be your own bank" is probably the best way.
In all seriousness, though--we don't need to try. It's going to happen on its own from now on, as the news media slowly starts to pick up the story. People will start appearing on TV talking about it with more and more frequency. Things like the Dogelympic teams are great PR and help boost it up, as well, of course, but in general it's just going to follow the adoption curve of every other technology.
If it picks up in a few developing nations that have stable internet, it will be a massive revolution for them. Self-banking can do a huge amount of good for an economy like theirs. We might see reports on that. If a major newspaper decides to run a permanent paywall like what the Sun-Times tested recently, that could be big as well. The slow PR from tipping on Reddit is another way, to be honest. Every bit helps, but the cryptocurrency community is now large enough that we're going to do a significant amount of organic, word-of-mouth style growth.
Do you think that a magic game could beat harthstone? If they do a good job, absolutely. They have to focus on the right things. It needs to be mobile-available, easy to pick up and play, and fun.
Is there a good crypto currency to get in on now, before it explodes like bitcoin did? There are plenty of options. Check out coinmarketcap.com. Fair warning, there are plenty of horrible things there--treat it kind of like penny stocks. I like BTC, LTC, DOGE, NXT, and VTC.
Also, why is it such a pain in the ass to buy them with actual money? Like you have to have bitcoins to buy other crypto currency. It's such a pain to buy them with USD because no one has made a good system to do it on, like Coinbase. If you think there's a desire, go do it!
Well the way I look at it, is how the hell else would you be able to buy them? Not everyone has piles of bitcoins lying around and I really don't want to spend $600+ on a single bitcoin just to buy some other currencies. Ah, I see the problem! You can buy fractions of a Bitcoin using Coinbase--I think .01BTC (~$6) is their minimum.
The March 2013 appreciation was from American and European investors and November 2013 was mainly from Chinese investors. Which group of people do you think will be the next to buy (I hate using the word invest when talking about bitcoin) bitcoin for investment purposes? American institutional and hobby investors. That is, Wall Street and people who pay attention to Wall Street.
Which do you think will be a better long term (~5 years) investment, Bitcoins, Litecoins, Dogecoins, Fetch Lands, Shock Lands, or Original Dual Lands? Does it change for ~10 years? Either Bitcoin or Fetch lands for 5 years. For 10 years, Bitcoin. I'd be worried about the 10-year view for paper MTG.
Ive been mining Bitcoins for years now, i have a good sum im my wallet but i never plan to use them. Does this make me a bad person? Approximately yes.
Ben, I should've simultaneously copied and pasted all of my questions from the Spreecast over to here but here are a few... It seems like the conspiracy crowd has really latched onto the idea of Bitcoin as being a discreet form of currency. If Bitcoin is backed up by the internet why would people choose having a currency that's being tracked over say cash, gold, different commodities? Having a currency be tracked has negatives and positives, but it's overwhelmingly positive for the average consumer. Because it's tracked, you don't need to pay someone to move your money for you. There also are no chargebacks, which means merchants aren't getting scammed and passing those costs onto consumers. Theft costs everyone money. It's also very fast--transactions confirm in just 10 minutes, regardless of size or where it's going. Transferring dollars from here to China is very difficult--transferring Bitcoin? Just as easy as from anywhere else to anywhere.
My job is a mix of voodoo, intuition, science, and news. In USD, my percentage return calculated from investment to current valuation is about 300% over a little more than 2 months.
No, just gambling. In BTC, my percentage return calculated from investment to current valuation is about 425% over a little more than 2 months.
Anyway, how have the profits been from start to finish compared to the market? Using my average per-coin buy-in price, if I had just bought-and-held, I would have lost about 27% of my initial investment value.
Are you willing to disclose how much you have in your trading portfolio/what kind of profit you turn both % and $ wise? In USD, my percentage return calculated from investment to current valuation is about 300% over a little more than 2 months.
In BTC, my percentage return calculated from investment to current valuation is about 425% over a little more than 2 months.
Using my average per-coin buy-in price, if I had just bought-and-held, I would have lost about 27% of my initial investment value.
What would you say is the easiest method of shorting bitcoin or any other coin? For shorting Bitcoin or Litecoin, check here.
For other coins, there isn't really a good way yet, to the best of my knowledge. A few exchanges have plans to add short-selling, but Bitfinex is really the only one I know of that has.
What did you have for breakfast today. Didn't breakfast, was delicious.
Hey Ben, I know next to nothing about Bitcoin. I went to /bitcoin after seeing this AMA on your FB, and I noticed that everyone is going apeshit over "Gox". I have no idea what that means or why everyone is so sad/angry/suicidal. MtGox (which originally stood for Magic the Gathering Online eXchange) was the first prominent Bitcoin exchange. They've been going through some rather rough times lately, some of which I was an early cataloguer of here. In short, everyone is freaking out because the exchange may be insolvent. It's not really a big deal to Bitcoin as a whole, but it's certainly an obvious blow to credibility. In my view, people are primarily upset because MtGox has been a part of Bitcoin for a very long time, and it can be hard to let go of what we're used to. I expect that they will either fix the issues or will go out of business officially very soon.
Please explain what happened.
Tell me every artist in your iTunes. Daft Punk, detektivbyrån, Kid Cudi, Matisyahu, The White Panda.
Spotify for life, yo.
Follow up question, what % are you in BTC vs Fiat and when you are on the losing side of a trade do you find your self dumping in more to get right or do you pull the cord Unless my positions are on different exchanges or in different coins, they're all always 100% of what I'll put into that trade at entrance and exit. As a result, I end up with a binary choice: stay or reduce/close. I very rarely reduce position size, nearly always preferring to just end the position instead.
Last updated: 2014-02-25 04:57 UTC
This post was generated by a robot! Send all complaints to epsy.
submitted by tabledresser to tabled [link] [comments]

Subreddit Stats: bitcoin top posts from 2014-01-28 to 2014-02-26 22:48 PDT

Period: 29.81 days
Submissions % Comments %
Total 999 105788
Rate (per day) 33.51 3285.45
Unique Redditors 763 17085
Upvotes 404397 76% 809819 72%
Downvotes 121378 24% 301943 28%

Top Submitters' Top Submissions

  1. 6362 pts, 6 submissions: evoorhees
    1. Open Letter to Michael Casey - WSJ reporter who butchered my comments in today's Bitcoin cover story (3330 pts, 1511 comments)
    2. Some words for my friends (2096 pts, 2233 comments)
    3. Screenshot - We're in the midst of revolution (355 pts, 167 comments)
    4. Ignore the noise. This is what's important. (283 pts, 231 comments)
    5. On Visa's earnings call today with CEO, first question, "What about Bitcoin?" (200 pts, 114 comments)
    6. Bitcoin vs. Cash in Panama (98 pts, 73 comments)
  2. 4706 pts, 9 submissions: waspoza
    1. Microsoft beats Google by adding Bitcoin currency conversion to Bing (2142 pts, 240 comments)
    2. Standard Bank in South Africa is running an internal Bitcoin pilot with switchless.com, in-bank wallet (728 pts, 127 comments)
    3. Welcome, Apple. Seriously. (596 pts, 79 comments)
    4. Bitcoin is Legal, Says Cyprus Central Bank (450 pts, 54 comments)
    5. A Surprisingly Large Number Of IT Professionals Want To Get Paid In Bitcoin (260 pts, 54 comments)
    6. I’m Hoarding Bitcoins, and No You Can’t Have Any (156 pts, 178 comments)
    7. 200,000 Hotels Now Accept Bitcoin Through Online Travel Agency CheapAir (145 pts, 6 comments)
    8. Lamborghini and McLaren Dealerships Drive Bitcoin Adoption in USA (131 pts, 6 comments)
    9. Chinese corrupted officers will push Bitcoin price up 1000 times (98 pts, 125 comments)
  3. 3755 pts, 3 submissions: Kinitex
    1. Trying to trade these markets... (2778 pts, 334 comments)
    2. This Is How The Banks Are Trying To Deal With Bitcoin (566 pts, 240 comments)
    3. MTGOX - Statement Feb 17 (411 pts, 350 comments)
  4. 3704 pts, 9 submissions: tharlam
    1. Bitcoin Transaction Fee to reduce by 10x (1137 pts, 231 comments)
    2. SIGN THE PETITION to remove Mark Karpeles from the Bitcoin Foundation (616 pts, 99 comments)
    3. "We are very surprised anyone could blame MtGox and not the Bitcoin Software" - Mark Karpeles, CEO MtGox (442 pts, 269 comments)
    4. MtGox removed from BitcoinAverage.com! (417 pts, 14 comments)
    5. Request to MTGOX staff/insiders: please leak more information. (289 pts, 166 comments)
    6. Mark Karpeles, please resign from the Bitcoin Foundation (269 pts, 38 comments)
    7. MtGox class action lawsuit (228 pts, 148 comments)
    8. New Scientist considered printing the price of the magazine in bitcoin! (167 pts, 18 comments)
    9. MtGox have left the building claims receptionist (139 pts, 77 comments)
  5. 3362 pts, 1 submissions: kubrick
    1. on bitcoin right now (3362 pts, 822 comments)

Top Commenters

  1. mthreat (4436 pts, 24 comments)
  2. evoorhees (2318 pts, 74 comments)
  3. libertariancommunist (2241 pts, 4 comments)
  4. i_can_get_you_a_toe (2177 pts, 151 comments)
  5. nullc (1977 pts, 146 comments)
  6. 7thKingdom (1977 pts, 21 comments)
  7. northrupthebandgeek (1944 pts, 56 comments)
  8. Coffeebe (1937 pts, 3 comments)
  9. killerstorm (1793 pts, 104 comments)
  10. bakdom146 (1768 pts, 5 comments)

Top Submissions

  1. on bitcoin right now by kubrick (3362 pts, 822 comments)
  2. Open Letter to Michael Casey - WSJ reporter who butchered my comments in today's Bitcoin cover story by evoorhees (3330 pts, 1511 comments)
  3. Dogecoin wtf by Vibr8gKiwi (3252 pts, 2762 comments)
  4. Bitcoin takes a walk with Dogecoin by james_otter (2893 pts, 539 comments)
  5. Trying to trade these markets... by Kinitex (2778 pts, 334 comments)

Top Comments

  1. 3151 pts: mthreat's comment in Open Letter to Michael Casey - WSJ reporter who butchered my comments in today's Bitcoin cover story
  2. 2247 pts: libertariancommunist's comment in Open Letter to Michael Casey - WSJ reporter who butchered my comments in today's Bitcoin cover story
  3. 1921 pts: Coffeebe's comment in Dogecoin wtf
  4. 1790 pts: 7thKingdom's comment in Open Letter to Michael Casey - WSJ reporter who butchered my comments in today's Bitcoin cover story
  5. 1741 pts: bakdom146's comment in Open Letter to Michael Casey - WSJ reporter who butchered my comments in today's Bitcoin cover story
Generated with BBoe's Subreddit Stats SRS Marker: 1393483738.0
submitted by phloating_man to phloatingman [link] [comments]

Dogecoin Price Prediction 2020 & Analysis (Review) DOGECOIN/ROBINHOOD Price Prediction Crypto Tidbits TikTok’s Dogecoin Craze Coinbase on Stock Markets Dogecoin : doge coin price prediction :doge :#dogecoin :dogecoin Bitcoin bullish price signals + dogecoin viral tiktok video and ethereum news  in hindi

Dogecoin - Bitcoin Chart (DOGE/BTC) Conversion rate for Dogecoin to BTC for today is BTC0.00000032. It has a current circulating supply of 126 Billion coins and a total volume exchanged of BTC11,676.99847231 Dogecoin price today is $0.00322943 with a 24-hour trading volume of $106,543,209. DOGE price is up 0.1% in the last 24 hours. It has a circulating supply of 130 Billion coins and a max supply of ? coins. Binance is the current most active market trading it. Bitcoin Vs Dogecoin Search Stock, FX pair, Crypto, or Commodity... Bitcoin - ( BTC ) VS Dogecoin - ( DOGE ) Comparison - 1 day Dogecoin is a cryptocurrency that was created as a joke — its name is a reference to a popular Internet meme. It shares many features with Litecoin. However, unlike Litecoin, there is no hard cap on the number of Dogecoins that can be produced. Dogecoin Statistics. Current Dogecoin (Dogecoin) price is $0.00324941 USD. It has a current circulating supply of 125,556,000,000 DOGE coins and a Market Cap of $407,983,000 USD. Dogecoin stock price is up by (0.6%) today.$63,971,500 USD worth of Dogecoin (DOGE) has been traded in the past 24 hours. You can follow Dogecoin (DOGE)'s progress by adding it to your favourites and creating a free

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Dogecoin Price Prediction 2020 & Analysis (Review)

Bitcoin price live! BTC price targets & chart technical ... Dogecoin Price Prediction - Duration: 6:18. Angelique Vestil 9,801 views. 6:18. Bitcoin vs Litecoin vs Bitcoin Cash (Comparison ... After over a week of ranging, Bitcoin attempted to break higher this week. The flagship cryptocurrency moved from the weekend lows of $8,900 to a weekly high of $9,470 on major exchanges. dogecoin update news, dogecoin ultimate, what is dogecoin used for, unlimited dogecoin earn free, unlimited dogecoin faucet, earn unlimited dogecoin, dogecoin video, dogecoin vs bitcoin, dogecoin ... Dogecoin prediction crypto review & price analysis for 2020. ... Bearish Party! Price Prediction Today NEWS & Market Analysis ... Mango Research 2,212 views. 14:02. Why I won't buy Bitcoin ... Elon Musk has trolled the Bitcoin and wider crypto community once again: The Tesla and SpaceX chief executive just mentioned Dogecoin (DOGE) for the second day in a row on July 18th. Minutes ago ...

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