Shouldn't we assume that the developers moved their own BTC/LTC/DOGE into many addresses, sometime before May 12th, and that CLAMS are maybe one of the greatest premines in altcoin history?

It's brilliant because we don't know if the unclaimed CLAMS belong to random people, an exchange's hot wallet, or the devs.

New top merit!  33.48912446

Overtakes Donald Knuth's record of 33.4536

I'm looking to buy some GAP, at least 5K, up to 20K. PM me your rate!

Could you explain:   "Cap: about 10 - 30 million GAP"

That's a wide range. What determines the Cap?

Is that cap hard coded into the coin (like Bitcoin's 21 million), or is this figure of "10-30 million" an estimate?  If an estimate, how are you calculating it?

Could it go over 30 million?

Thanks

Thanks for posting,

So - Anyone live in Brazil? How hard is it to send this guy some Reais so he can have a day's worth of time on the Internet!

(It's so strange I think I believe him)

I agree.


I think it is fine, today's volume shows it is not an issue. I don't think any exchange will take XCP soon, as it is much different then adding a bitcoin-based altcoin, so I think it's OK to charge a premium for the time being.

The faster the payback of lost coins, the better! (But I am biased, I lost BTC!)

If the hacker does not return the 80 BTC, it seems there are two options:

try to collect 80 BTC and return them to the XCP buyers who's funds were stolen,

try to collect 35,000 XCP and give them to the XCP buyers, instead


It seems the XCP route is perhaps better? I feel the community could come up with 35K XCP, but I have a hard time imagining 80 BTC. Also, the buyers wanted XCP, we know that because they had buy orders, and giving them XCP keeps them in the community so to speak.

Hard code into the next version, recognizing an address that PhantomPhreak controls as having a balance of 35,000 XCP on the first block. Then, PhantomPhreak sends this to busoni.  I would think it could be a 1 liner, not too hard?

I would hope that, if this is done, we can also set a date for when this type of fix is permanently "off limits". Maybe 6-12 months from now. In other words, a date where we all agree it is no longer Alpha software, but Beta.

And secondly, raise a pool of funds (controlled by PhantomPhreak?) to have a security audit done by an outside party, before we declare the transition from Alpha to Beta.  I would donate to this and I think many others would too.

My idea would not encourage hackers any more then the current situation. Hackers will hack, either way.

And besides, that is not a bad thing, we WANT bugs in the protocol to be found as soon as possible.

It is just a matter of deciding who takes the loss now, how to minimize the bad feelings.

Why punish the very first exchange that was brave enough to carry Counterparty? By letting busoni or his users take the loss, we send a message, "Lesson: don't use counterparty, you could lose your money".

The current situation rewards those who hoarded XCP and did not trade (share) it with new users. My idea spreads the damage so thinly that nobody really notices.

Also, this would not be the response in the future. This could be limited to "Alpha" stage only, and once the developers declare we are out of Alpha, it would never be done again.

You are right, it would undermine consumer confidence if this were done a year from now. But it is so early now that my idea would actually create consumer confidence, I think!

Inflation is less scary then having your money stolen on an exchange. Almost all altcoins have inflation and nobody notices. I would rather put my money and time in a software that deals with protocol bugs with inflation then thinking I could lose 100% of my money at any time with no recourse.

Since this was a bug in the protocol that could have affected anyone, it does not seem fair that Poloniex or its users should take the hit.

Since we are still in "Alpha", why not release a new version of the protocol, that issues another 35K XCP as the solution?

It would essentially be a 1% tax on everyone who holds XCP, through inflation. It seems like a small price to pay for finding out about this huge, show stopping bug (that could have gone unnoticed & exploited for months!)

At some point, the general consensus becomes "this thing is going up way too fast. it's going to crash".

I think we've been there for a few days.

But then, it keeps going up... Maybe it's disbelief that the super obvious thing ("we're going to crash!") could be so obvious, and yet it still hasn't crashed... this creates doubt, so we wait a little longer, unwilling to take the plunge of cashing out. Maybe we do sell a few coins, but not all of them...

At some point (I think we are there this weekend) the only people buying are the crazy people (who trust their BTC/cash to these somewhat shady exchanges) while the more sober of us sit out and watch bitcoinity in disbelief. A lot of these people probably sold already, and are buying back in at a loss, because they're crazy.

BTC is now at $4B market cap. These tiny exchanges did not get $2B in cash deposits in the last few weeks. It's just a small group of crazy traders driving this thing up, and once enough of them panic, this thing is going down hard.

I wish we could get a meme going, like "the moon is $400!", so we could make this crash happen sooner and not cause as much damage as the last one.

But yeah, it's going to crash. Very soon.

possible suggestion:

Under " % Change (24h) ", compare the change to what BTC did that day.

For example, today Peercoin is up +9.96%, which sounds great, but since BTC is up 12.4% it's not so great.

It would be nice to see: Peercoin, +9.96% (-2.44% less then BTC)

Or something similar...

Suggestion: a way to display several exchanges at once on the same chart, overlapping.

See https://www.google.com/finance where there is a chart with SP 500, Dow Jones, and Nasdaq - I'd like to be able to see this with Mt Gox, BTCE and Bitstamp!

Boo! I liked that you'd added it. Seeing how it fluctuated 50 million here, 50 million there showed how ridiculous the valuation is. It might be "BS" but it's more serious then most of the coins listed.

Explanation of what a "Cunningham chain" chain is - Primecoin is listed in the top 10 chains found!

http://en.wikipedia.org/wiki/Cunningham_chain


Thanks!

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Also -

a cool stat to show would be "market cap increase/day" - for example, prime coin was released 18 days ago, and it's market cap is currently $931,304 - that would mean it has grown $51,739 per day since coming out.

Feathercoin has a similar market cap, but at 100 days old, it has grown $9,677/day.

Great site!

I would love if I could click the "Price" column and have it toggle between showing price in USD, and price in BTC.

Has anyone played with  -sievesize  and found a better # then the default ?

I don't think so.  See this chart - http://imgur.com/a/85G2t

Has anyone found a block using Chemisist's source?