Quote from: SackofBits on May 03, 2014, 07:12:16 PM

Quote from: virtualdn on May 03, 2014, 07:11:06 PM

Quote from: rudius on May 03, 2014, 07:09:44 PM

Quote from: binaryclock on May 03, 2014, 07:05:15 PM

Quote from: virtualdn on May 03, 2014, 07:02:11 PM

Quote from: binaryclock on May 03, 2014, 07:00:52 PM

ALl the more reason for this:

http://dedicatedpool.com/draft1.pdf

Nobody likes centralization, but you see can see the problem now Wink

centralization was one of the reasons alt coins appeared

I agree.. But with all these scams, dafaq, stackcoin, asiacoin, whitecoin (it's better now with the new developers, but the original developer just dumped and left,) you can see the issue.

The average person trading in crypto is pretty ignorant to scams. Same with the average pool owner. Hell, 99% of all exchanges don't even look the code over either or put them in their own VMs.

I agree but everybody is aware that this is unregulated market? There is huge risk and i hope every one is aware.

the true problem is that almost every person believe that "get rich quick" scheme. They are blind.

all newbies will lose money. that's almost a rule. at least i did.

does anyone know that only around 10% of the traders actually get rich?

I will gamble with a 10% chance of getting rich

I already know i won't get rich, not with crypto coins