Search content
Sort by
Showing 20 of 60 results by Franconomasky
Hi, I am no good in mining, but I have 2100 POT, whoever can offer a contract to mine Maxcoin (starting in 8 hours or so) for me, I shall give him my 2100 POT in exchange. Any offer?
Thank you for your timely post, there is a paid content writer on Twitter(I suspect he is) who is doing a promotion for this Sharmbeck share things, and I almost got sucked in. By the way, on Cryptostock we can buy Cryptsy shares too, I quite like this company, and would not mine to own some shares.
Hi, here is a link for all of your QR code for all of your Cryptocurrency : http://www.wolframalpha.com/widgets/view.jsp?id=dbe99818c3b2e453bc03e6fd610d2596
OFFICIAL POT COIN MARKET PLACE (self.potcoinmarket)
submitted 1 day ago by sevoqueHead Poncho - stickied post
6 comments
share
save
hide
report
1
3
ILL BUY 1.5K POTCOIN FOR .015 BTC (self.potcoinmarket)
submitted 3 hours ago by opctrading
1 comment
share
save
hide
report
2
3
Watch out for bakedric3 (self.potcoinmarket)
submitted 4 hours ago by andreitudor
3 comments
share
save
hide
report
3
2
.:: WTS 2000 POT for 3.5LTC ::. (self.potcoinmarket)
submitted 3 hours ago* by time_dj
comment
share
save
hide
report
4
[WTS] 1,500 POT for .05 BTC or 2 LTC (self.potcoinmarket)
submitted 18 minutes ago by Squid8697
comment
share
save
hide
report
5
1
[WTB] 1k PotCoin for .1 BTC (self.potcoinmarket)
submitted 2 hours ago by pajama_shaw
4 comments
share
save
hide
report
6
1
I will buy 1500 potcoin for $50 paypal (self.potcoinmarket)
submitted 2 hours ago by king_donk
3 comments
share
save
hide
report
7
4
WTS 5k to cover costs of marketing coin (self.potcoinmarket)
submitted 9 hours ago by goodsmash
comment
share
save
hide
report
8
0
[SS] Personal pics of me for coins
(self.potcoinmarket)submitted 2 hours ago by KristiFORCoins
comment
share
save
hide
report
9
1
WTS 1k PotCoin for 20k Doge (self.potcoinmarket)
submitted 3 hours ago by pootisdispenser
comment
share
save
hide
report
10
2
[WTS] 1.7k POT Coins for Paypal or Other Alt Coins (self.potcoinmarket)
submitted 7 hours ago by Fruitilicious
26 comments
share
save
hide
report
11
2
[Selling] 100-1000 Potcoin - OBO (self.potcoinmarket)
submitted 8 hours ago by doomsby
3 comments
share
save
hide
report
12
1
Selling 40k Potcoins for 2.5BTC, or smaller orders @ .1BTC per 1k POT. (self.potcoinmarket)
submitted 5 hours ago by ny2cafuse
comment
share
save
hide
report
13
1
[WTB] I'll buy what you have immediately for 1k POT @ 0.01 BTC (self.potcoinmarket)
submitted 6 hours ago* by bakedric3
4 comments
share
save
hide
report
14
1
[WTS] 2.5k Potcoin (self.potcoinmarket)
submitted 6 hours ago* by NoPozerPunk
3 comments
share
save
hide
report
15
1
[WTS] PotCoin trying to order more miners from TigerDirect (self.potcoinmarket)
submitted 7 hours ago by emfyo
3 comments
share
save
hide
report
16
2
[WTS] 18K Potcoins (self.potcoinmarket)
submitted 11 hours ago by csshih
3 comments
share
save
hide
report
17
2
[WTS] Getting rid of my pot! 1180 potcoin for 0.06 BTC to the first person who gives me an offer. =D (self.potcoinmarket)
submitted 11 hours ago by gheissaverre
5 comments
share
save
hide
report
18
2
[WTS] 2,000 Potcoin for 0.175 BTC (self.potcoinmarket)
submitted 12 hours ago by Battleroid
2 comments
share
save
hide
report
19
1
[WTS] 3000 POT for DOGE/BTC (self.potcoinmarket)
submitted 8 hours ago by narcosis219
1 comment
share
save
hide
report
20
4
[WTS] 2k POT for 0.1 BTC/40k DOGE | 5K POT for 0.2BTC/80k DOGE! (self.potcoinmarket)
submitted 18 hours ago by HighLifes
1 comment
share
save
hide
report
21
0
[WTS] 2000 POT for 0.1 BTC (self.potcoinmarket)
submitted 13 hours ago by kfj43
1 comment
share
save
hide
report
22
1
[Selling] 15k POT for very good price =) (self.potcoinmarket)
submitted 13 hours ago by sevoqueHead Poncho
1 comment
share
save
hide
report
http://cryptolife.net/in-depth-analysis-nxt/
One of the things Ive received the most requests for is an article about NXT. Billed as the descendant of bitcoin, it has set some pretty high expectations for itself. Does it live up to them? Lets find out.
Ill start with one of the most essential elements: security. Bitcoin addresses are 34 alphanumeric characters. NXT addresses are 20 numeric characters. The difference might be made more apparent when I show you the total number of possible addresses for each:
BTC: 1461501637330902918203684832716283019655932542976
NXT: 18446744073709551616
Address collisions with bitcoin are all but impossible to occur. With NXT, they are much more likely. Now to be fair, NXT supposedly has some sort of built in protection, such that if a passphrase generates an address that is already in use on the network, it will inform you that you can not use it. Thats great and all, but it only solves half the problem.
One of the littler known things about bitcoin is that addresses have varying levels of security, depending on how they have been used. In order to receive bitcoins, all you need to expose is your address. Your public key is not exposed until you decide to spend coins from that address. Now that the public key is known, the address becomes less secure. This is the reason why it is recommended that an address be used only once. Note that less secure still means secure enough for right now, but that could very well change going into the future. Because only an address needs to be known by the network, it allows us to do cool things like generate offline paper wallets, which are the pinnacle of secure storage.
NXT doesnt have this luxury. If you were to generate an offline address and send coins to that address, you do not have explicit ownership of that address. Someone could come along with a passphrase that has a collision with yours, announce his public key to the network, and then have explicit ownership over your coins. This means that to claim ownership over an address, you are forced to expose your public key to the network. As mentioned before, doing this decreases the overall security of that address. You just cant win. NXT is inherently less secure that Bitcoin. It is a total step backwards in that department. Also worth mentioning is that Bitcoin addresses have a 4 byte checksum that prevents you from sending to an invalid or incorrect address. NXT addresses do not.
Now lets talk about block generation. The method NXT uses for block generation is radically different than bitcoin. Essentially, the system cycles through all known stakeholders, and if that stakeholder is online, they can generate a block. There are some built in protections, but this implementation is not entirely invulnerable against Sybil Attacks and DDOS attacks, two of the most basic types of attacks.
Since NXT is a pure proof of stake cryptocurrency, there was the matter of the initial distribution. This is the most damning factor of it all, and why I think NXT is not even worth consideration. NXT was the first of the IPO coins that weve seen so much of lately. This IPO had a lot of issues surrounding it, and closed earlier than initially stated. In total, 23 BTC was raised, and 1 billion NXT was distributed amongst ~70 investors. Amongst these ~70 individuals, the top 10 held 50% of all NXT. This makes it the most centralized and unfairly distributed cryptocurrency ever devised. These individuals each command tyrannical power over the price of NXT, and due to the low market depth, could crash the price on a whim.
With a current market cap of 87000 BTC, NXT is currently trading at a staggering 3,800,000% more than it was initially offered for. This immediately throws up red flags, and reeks of market manipulation. Theres currently 1 billion NXT in existence, and the majority of these are being hoarded by the initial investors. In reality, theres probably well under 100 million NXT that have been introduced to the market, and even thats being generous. This means that the price is artificially high, and can easily crash down to zero if an initial investor decides he wants out. In that sense, all the initial investors are playing a high stakes game of Chicken.
How high can the price go before one of them decides to cash out? Weve seen it happen once already. Its taken weeks, but the price has finally started to recover. I foresee another dump in the not too distant future. Youll notice a few individuals over at bitcointalk pushing NXT extremely hard. Make no mistake these are the initial investors, and they have a lot to gain at your expense. Theyve essentially turned 23 BTC into 87,000 BTC. The caveat is that they need to find enough people to dump onto.
Ill close this off by saying that there is no such thing as investing in NXT. It is better described as gambling. You are gambling that price will go higher before an initial investor decides to dump. Frankly, Id rather play satoshidice.
PS: The third round of Cryptolife Premium slots are now available.
One of the things Ive received the most requests for is an article about NXT. Billed as the descendant of bitcoin, it has set some pretty high expectations for itself. Does it live up to them? Lets find out.
Ill start with one of the most essential elements: security. Bitcoin addresses are 34 alphanumeric characters. NXT addresses are 20 numeric characters. The difference might be made more apparent when I show you the total number of possible addresses for each:
BTC: 1461501637330902918203684832716283019655932542976
NXT: 18446744073709551616
Address collisions with bitcoin are all but impossible to occur. With NXT, they are much more likely. Now to be fair, NXT supposedly has some sort of built in protection, such that if a passphrase generates an address that is already in use on the network, it will inform you that you can not use it. Thats great and all, but it only solves half the problem.
One of the littler known things about bitcoin is that addresses have varying levels of security, depending on how they have been used. In order to receive bitcoins, all you need to expose is your address. Your public key is not exposed until you decide to spend coins from that address. Now that the public key is known, the address becomes less secure. This is the reason why it is recommended that an address be used only once. Note that less secure still means secure enough for right now, but that could very well change going into the future. Because only an address needs to be known by the network, it allows us to do cool things like generate offline paper wallets, which are the pinnacle of secure storage.
NXT doesnt have this luxury. If you were to generate an offline address and send coins to that address, you do not have explicit ownership of that address. Someone could come along with a passphrase that has a collision with yours, announce his public key to the network, and then have explicit ownership over your coins. This means that to claim ownership over an address, you are forced to expose your public key to the network. As mentioned before, doing this decreases the overall security of that address. You just cant win. NXT is inherently less secure that Bitcoin. It is a total step backwards in that department. Also worth mentioning is that Bitcoin addresses have a 4 byte checksum that prevents you from sending to an invalid or incorrect address. NXT addresses do not.
Now lets talk about block generation. The method NXT uses for block generation is radically different than bitcoin. Essentially, the system cycles through all known stakeholders, and if that stakeholder is online, they can generate a block. There are some built in protections, but this implementation is not entirely invulnerable against Sybil Attacks and DDOS attacks, two of the most basic types of attacks.
Since NXT is a pure proof of stake cryptocurrency, there was the matter of the initial distribution. This is the most damning factor of it all, and why I think NXT is not even worth consideration. NXT was the first of the IPO coins that weve seen so much of lately. This IPO had a lot of issues surrounding it, and closed earlier than initially stated. In total, 23 BTC was raised, and 1 billion NXT was distributed amongst ~70 investors. Amongst these ~70 individuals, the top 10 held 50% of all NXT. This makes it the most centralized and unfairly distributed cryptocurrency ever devised. These individuals each command tyrannical power over the price of NXT, and due to the low market depth, could crash the price on a whim.
With a current market cap of 87000 BTC, NXT is currently trading at a staggering 3,800,000% more than it was initially offered for. This immediately throws up red flags, and reeks of market manipulation. Theres currently 1 billion NXT in existence, and the majority of these are being hoarded by the initial investors. In reality, theres probably well under 100 million NXT that have been introduced to the market, and even thats being generous. This means that the price is artificially high, and can easily crash down to zero if an initial investor decides he wants out. In that sense, all the initial investors are playing a high stakes game of Chicken.
How high can the price go before one of them decides to cash out? Weve seen it happen once already. Its taken weeks, but the price has finally started to recover. I foresee another dump in the not too distant future. Youll notice a few individuals over at bitcointalk pushing NXT extremely hard. Make no mistake these are the initial investors, and they have a lot to gain at your expense. Theyve essentially turned 23 BTC into 87,000 BTC. The caveat is that they need to find enough people to dump onto.
Ill close this off by saying that there is no such thing as investing in NXT. It is better described as gambling. You are gambling that price will go higher before an initial investor decides to dump. Frankly, Id rather play satoshidice.
PS: The third round of Cryptolife Premium slots are now available.
Re: [ANN] [OFFER] Nxt to NEX - Exchange one Nxt to 50 NEX coins - LIMITED!
FrictionlessCoin, my question is, if more and more people begin to know that they cannot move their LXT in or out of Bter, wouldn't the price collapse soon?
Re: [ANN] [OFFER] Nxt to NEX - Exchange one Nxt to 50 NEX coins - LIMITED!
I am a member of both Nextcoin.org and Nxtcrypto.org, I feel that the members there are not happy, even this trading begins at Bter.com, this recent high price, nobody cares to post there,as if there is nothing happens. There is no happy mood, like the DOGE fans, people are happy. Not the NXT people. Very strange.
Re: [ANN] [OFFER] Nxt to NEX - Exchange one Nxt to 50 NEX coins - LIMITED!
I agree with FritionlessCoin, NXT is good, it is a better coin than BYC/LTC and all the others, but it has problems, it is not user friendly, no client, no wallet. So a better clone need to be created. Please tell me what to do beside making a promise here.
Re: [ANN] [OFFER] Nxt to NEX - Exchange one Nxt to 50 NEX coins - LIMITED!
Hi, I do own some NXT, and I am convinced by by Frictionless guy, though I do not understand most of it. Anyhow, I am in, or am I too late? Please tell me what to do in layman term.