Quote from: rojan on May 30, 2015, 05:34:36 AM

Quote from: FallingKnife on May 30, 2015, 12:28:58 AM

Meanwhile, lets just pause a minute to let the adrenaline settle. We can make the wallet pretty again, don't worry. In the mean time, lets appreciate the added blockchain security that has come with the 100x increase in hash Uno is getting, with more on the way.

Meanwhile on Comkort exchange https://comkort.com/trade/un_btc there's still bid to buy around 12.5 $UNO @ 0.0118 BTC.

Also on Let's Talk Bitcoin, there was an interesting speaker from Texas Bitcoin Conference named Adam Hayes featured on The Bitcoin Game Ep. #18. The site is down for now, but the topic was "What Factors Give Cryptocurrencies Their Value: An Empirical Analysis". He concluded that around 85% of (66 commonly traded) coin's value comes from 1.) High hash rate 2.) Lower block reward 3.) Scrypt algorithm. His statistical analysis revealed that total coin supply and coin age were insignificant. He also touched on immeasurables that can give coins value like "brand/community loyalty" as in the case of Dogecoin where he would expect the fundamental value to be less (due to higher block reward, I assume).

Let's see if $UNO 100x price increase will follow $UNO 100x hash increase in the future. Cool

So he concluded that the Scrypt algorithm somehow gave a coin it's value? That doesn't even make sense and makes his conclusion suspect. Bitcoin dwarfs all other alt-coins combined in terms of pretty much all those factors and does not use the Scrypt algorithm, therefore the Scrypt algorithm has absolutely nothing to do with it.