I think the question is how has Mt Gox even lasted this long?  They lost $5M of customer funds to the US government last year, so they have to be at least $5M short of paying their customers, right?  What happens when they finally get down to that last (missing) $5M?

You can just buy DOGE on an exchange, much easier than negotiating forum trades.  I know cryptsy has had huge delays on DOGE transactions, but BTer is running smoothly.  You can have your coins in and out in 30 minutes.

You're going to need to do a hard fork if you want to make this coin usable again.  Block times are averaging 30 minutes each, and it's going to take 40+ days at the current hash rate to make it to the retarget.  You need to make the difficulty retarget much more quickly (e.g. with a 36-block rolling average).  Also, you should reduce the confirmation time of newly mined blocks.

The default settings from the Litecoin code are really terrible for launching a new altcoin (2016-block retarget and minimum starting difficulty) .  You end up with a huge supply of coins from the launch period (instamining) which deflates the value of the coins.  Then when the difficulty finally catches up with the hash rate, the hashers leave because it is not profitable.  And finally you get stuck at a high difficulty with long block times and a very long time until retarget.

I sold mine at 1 satoshi the other day and I was happy to get that (anything to cut my losses).  After I sold, I got one person offering me 2 satoshi.  The coin was trading at 3-4 satoshi before the 0daycoins site shut down, and I would say the value has gone down since then.

So yes, the coin is really worth less than 5 satoshi.

WTS 260 PXL for 0.05 BTC (just under 0.02 / 100 PXL).  I'm happy to use escrow if you have someone that can escrow for us.

Edit: Sold to aTriz (at 0.011 / 100 PXL).

WTS 260 PXL, asking 0.05 BTC or DOGE equivalent.

I just want you to understand that chargebacks are going to be a huge problem.  Whether it is from stolen paypal accounts or users doing chargebacks on their own account, you still have the same problem (seller loses money).  This is the reason no one else accepts paypal  for cryptocoins.

Reputation won't fix the problem.  A buyer with a stolen paypal account only needs to make one purchase to make a profit (he doesn't care about reputation).  It usually goes something like this:

1. Buyer with a stolen paypal account sends the payment
2. Seller sees the payment and sends the coins
3. The actual account owner sees the charge and contacts paypal to refund the charge
4. Paypal does a chargeback and takes the payment back from the seller

Now the paypal thief has the coins, while the seller is left with no payment and no coins.

Having a long difficulty adjustment just makes the pool hopping problem worse though.  When the difficulty is low, someone can jump in and insta-mine a lot of blocks before the difficulty catches up (which is what is happening right now).  Then when the difficulty finally does catch up and some of the miners leave, you are stuck at a high difficulty with long block confirmations (e.g. 1 hour+ per block, and it takes 2016 blocks to retarget).  Catcoin had this exact problem and they had to do a hardfork to fix the difficulty.

This is a fun concept.  Even if the coin isn't worth anything (which is likely), I can still post something to the website.  And thanks to insta-mining, I actually have enough coins to make something visible!

What is everyone planning to do with their pixels?  I'm thinking I will post a smiley face emoticon that links to the rick roll video.  Or maybe I can make every pixel link to a different youtube video if they let me.

I sent first with some COYE and Freekje sent me the BTC almost immediately.  Very smooth transaction, thanks!

And SOLD at 1 satoshi (thanks Freekje)! 

I got a bunch of responses for 1 satoshi but absolutely nothing at 2 satoshi.  From this, I conclude that the market value of COYE is greater than 1 but less than 2 satoshi.  The folks that are asking 50 satoshi are being VERY optimistic.

No responses so far, so I'm assuming the market price of COYE is less than 2 satoshi.  How about:

WTS 500k COYE @ 1 satoshi (that's 0.005 BTC for the lot)

If you think the actual value is 50 satoshi, then this is quite a bargain!

Is anyone here actually buying COYE?  At any price?  I'm seeing a whole lot of sells but no buys.

Lets' see if this gets any responses:

WTS 500k COYE @ 2 satoshi (or best offer)

I predict you will have a lot of trouble with chargebacks.  These types of paypal purchases for bitcoin/dogecoin/etc. are very often made with stolen paypal accounts.  Then when the actual owner sees the purchase they will contact paypal and get a refund, which leaves you with a loss.

We can change the block parameters in Bitcoin to support a higher transaction volume, but that only works up to a certain point.  For example, if you allow 1000x more transactions in the blockchain, then the blockchain becomes 1000x bigger (20 GB -> 20 TB) and it's too big to host on one machine.  Then you need some centralized service to host the blockchain and you lose the decentralized nature of Bitcoin.

You can do some optimizations to make the blockchain smaller (e.g. pruning old spent transactions), but that still doesn't get us the whole way there.  I can see Bitcoin supporting, say, 500 transactions/second with some modifications, but I don't see any way to get up to 5000.

Off-blockchain transactions are another way to solve this, but then you are back to a centralized service to process those transactions.  Inputs.io was supposed to do this but they got hacked and had most of their coins stolen.

Bitcoin can support $20 transactions as long as the transaction fee stays less than ~$1 (I would consider a 5% fee to be an upper limit for a practical transaction).  We could get to that point if the value of 1 BTC got into the $5000 range, or if the transaction volume got high enough that miners started requiring higher transaction fees (e.g. 3-4x the current transaction volume).

I think the biggest problem with Bitcoin is that the transaction volume can't scale past a certain point.  Bitcoin blocks can only support 5-7 transactions per second at max, which is way too low to support a large-scale public adoption.  Compare to Visa with 2,000 t/s and Paypal with 40+ t/s (numbers from https://en.bitcoin.it/wiki/Scalability ).  As the transaction volume gets closer to the block limit, the transaction fees go up and it becomes impractical to use Bitcoin for small value transactions.  As it stands, Bitcoin transactions are already too expensive for payments in the $1-$2 USD range (transaction fees around $0.20-$0.50).

Altcoins can provide value because they can offload some of that transaction volume and usually have lower transaction fees.  For example, Litecoin can support 4x the transaction volume of Bitcoin (with 4x faster blocks) and has transactions fees around $0.03.  But a 4x improvement is still nowhere near what we need to get to Visa-level numbers (or even catch up with Paypal).

I see two possible "end games" for Bitcoin:

1.  Bitcoin stays as the "gold standard" relative to other altcoins, but altcoins are used for most day-to-day transactions.  Bitcoin is only used for high-value transactions.  In this way, we solve the scalability limit by adding more coins.
2.  Some new cryptocoin comes along that has a whole new transaction/block structure and supports a much higher transaction volume than Bitcoin (e.g. 1000x).  None of the existing altcoins do this yet.  This is the only case where I can see Bitcoin actually dying.  

WTB up to 500k COYE at 12 Satoshi (so 0.06 BTC for 500k COYE).

I'm a total newbie here, so I'm assuming I would need to go first.  I'm looking for someone that has a positive trust reputation.

I started with DogeCoin as my first cryptocoin.  I'm having fun mining various coins on my lowly ATI 7750 card (~140 kh/s).  So far I'm up to 0.3 BTC after mining DogeCoin, CatCoin, MoonCoin, and now CoinyeCoin.  I wish I could get into actual Bitcoin mining but the cost of entry is so high with returns that are so low.