Search content
Sort by

Showing 20 of 232 results by WompRat
Post
Topic
Board Services
Re: Bitcoin 100: Developed Specifically for Non-Profits
by
WompRat
on 07/02/2015, 21:40:22 UTC
Is there a UK equivalent of Bitcoin 100 ? 

Depends on what you have in mind. By itself, Bitcoin100 is international and borderless - just like Bitcoin.

Ente

Sure I get that, but the site (http://bitcoin100.org) seems very US biased.  Charity laws, regulations and even culture can vary quite a bit country to country and I just wondered if there was anybody doing the same in other regions.  The charity list doesn't include the RNLI (as far as I could see anyway) which are the biggest UK charity I know of accepting bitcoin and there is no regional or topical breakdown.  This is not a criticism, but I it seemed like it would be helpful to start collating some information that was more locally focused.
Post
Topic
Board Services
Re: Bitcoin 100: Developed Specifically for Non-Profits
by
WompRat
on 06/02/2015, 15:59:06 UTC
Is there a UK equivalent of Bitcoin 100 ? 
Post
Topic
Board Altcoin Discussion
Re: Did we all missed the Ripple train?
by
WompRat
on 18/12/2014, 13:47:36 UTC
I have never been able to spot the top in any of the alts I have traded, but spotting the bull trap is easier.  This is my personal strategy.  Buy consistently on the way up.  Hold through the first big dip and sell into the trap.   
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
WompRat
on 02/10/2014, 10:08:13 UTC
This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.


Amateurs.  Gold bugs have been saying this for at least 35 years.  It will happen almost definitely soonish. 
Post
Topic
Board Speculation
Re: PANIC PANIC! (just get it over with, will you?)
by
WompRat
on 13/08/2014, 20:53:29 UTC
lol there is no panic selling, just less buyers, you do now that the number of bitcoin created a day is fixed right, so is all in the buyers

It is most certainly not.  

why, isn't 25 btc every 10 minutes, so 6 x 24 x 25= 3600 a day? i'm missing something?

3600 coins is the daily inflation, but miners may choose to hold in anticipation of a price rise or may sell.   I would imagine they would sell enough each day to cover costs and hold surplus, but I have never seen any good analysis on this.
Post
Topic
Board Altcoin Discussion
Re: Why Doge coin is bad
by
WompRat
on 12/08/2014, 12:30:38 UTC
i thought that cost somewhere around $44,000 usd was only payment for one race people were saying online..
so is this not true ? I have no hard facts on the sponsorship stuff.. did they make a deal for multiple races ?

Paid for a race (Talladega).
Community voted driver into All-Star Race.
Community T-shirts sales covered next Talladega race.
The two road races were offered out of appreciation.

The driver (Josh Wise) is an active member of the reddit/dogecoin community and wears the dogecoin helmet in every race and dogecoin kit when he competes in Ironman.  

thanks but did someone inform him way back that Doge is a scam coin clone ?
a piece of shit copy cat like many hundreds of other pieces of shit that came out at the same time ?
i find it hard to believe no one said anything on Reddit or if he took 2 seconds to Google it..

If he reads this i would like to thank him for selling out his credibility for donations etc
and helping to promote the most destructive and useless scam coin in Altcoin history.
i hope he enjoys getting paid for helping destroy our scene on us..
Thanks asshole for advertising a shitty ponzi scheme causing all our coins to drop in value.. thank him for tanking prices guys !

I would just point out that as a result of the Dogecoin publicity, Josh Wise was able to secure a new sponsor for 2015.  The sponsor Provident Metals now accepts crypto payments and were attracted by his growing fan base, social media profile and demographic.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
by
WompRat
on 12/06/2014, 10:43:07 UTC
Does Proof-of-Transaction have any potential for real useful application?

I mean, is the purpose of this algorithm just to be some kind of game where people send FLT to each other back and forth ?

whats stopping one individual from setting up several wallets and adresses and just send his own coins between them?

The way PoT is designed now seems to encourage this type of foul play


This is usually the first thing everyone asks and is discussed in the faqs.  The short answer is that this type of activity is supposed to disqualify you from proof of transaction rewards, but cost you a transaction fee.  I am not sure how substantially tested this is though.

I am starting to become increasingly sure that PoW is a major fuck up, maybe not in conception, but in actuality leads toward centralisation of mining, centralised points of failure, coins eating each other for hash rate and transaction fees becoming unsustainably high as block rewards halve and miners struggle to make a profit.   PoS is not much better with the added disadvantage that there are very few incentives for new entrants

I am trying to find out more about proof of transaction because it may be the one thing that can keep this crypto bubble afloat. 
Post
Topic
Board Speculation
Re: We're not going anywhere, until the 51% question is answered
by
WompRat
on 11/06/2014, 12:24:42 UTC
If bitcoin 0.9.2 was to come out with the hard fork so that newer versions no longer allow centralized mining I would rather support it and have everyone forced to use P2P mining.

I think the best solution would be if we as a community decided that each mining guild should not exceed 10% of the total network rate. This way people are still ensured regular blocks and it would be much harder to get enough groups together for a 51% attack.

I am not quite sure how you would get pool owners to accept a change that would negatively affect them.  At best they would just subdivide their pools into smaller pools and carry on, possibly obscuring their ownership.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
by
WompRat
on 09/06/2014, 15:24:17 UTC
At the risk of being annoying, would anybody be able to briefly detail the pros and cons of proof of transaction as implemented by fluttercoin.  It seems innovative and could potentially solve a number of issues that the proof of work coins are running into now.  People seem to be writing it off though because fluttercoin hasn't been crypto fad of the month yet, but I don't know enough to comment.

Post
Topic
Board Altcoin Discussion
Re: [Offsite] I'm giving away 1,000,000 Shibecoins!
by
WompRat
on 13/05/2014, 12:15:11 UTC
Is that because no one wants to buy them? Just kidding, but seriously giveaways are supposed to be banned.
Post
Topic
Board Altcoin Discussion
Re: Dogevault hacked, over 121 million Dogecoin stolen
by
WompRat
on 13/05/2014, 12:12:43 UTC
Someone dumped over 100 million Dogecoin on Cryptsy and price went down to 99 satoshis briefly. I don't think it was the Dogevault hackers cause Doge is still in the mega 121 million + wallet, but probably someone suspicious. No real investor dumps that hard and loses money.

But that's a good example of what will happen when these coins are dumped, 3-5 satoshi drop.

It was probably WafflePool.  I thought those guys had moved on after the last halving, but they sure seem to love mining the doge. 
Post
Topic
Board Altcoin Discussion
Re: Dogevault hacked, over 121 million Dogecoin stolen
by
WompRat
on 13/05/2014, 00:05:52 UTC
The popular online wallet Dogevault is offline, large amounts of Dogecoin appear to have been stolen - an article by The Cryptocurrency Times http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/the-popular-online-wallet-dogevault-is-offline-large-amounts-of-dogecoin-appear-to-have-been-stolen/

oh dear  Shocked

I expect they will be dumped on the market then

100 billion dogecoins are being mined in year one.  120 million gets dumped every week.
Post
Topic
Board Altcoin Discussion
Re: The popular online wallet Dogevault is offline, large amounts of Dogecoin stolen
by
WompRat
on 12/05/2014, 21:27:28 UTC
No mention of it on reddit.com/r/dogecoin , everything is fine and dandy.


Bunch of dogetards

There were at least 3 posts, but everything is being buried under NASCAR voting links.  Reddit isn't the best site for serious stuff.

Dogecoin is the one community I know of that paid back all users off their own back when another online wallet company Dogewallet got hacked at Christmas.  I would be surprised if they don't rally to support anyone who lost out if proof is provided.
Post
Topic
Board Altcoin Discussion
Re: Suggestion to all E-CURRENCY developers, users and nerds.
by
WompRat
on 11/05/2014, 21:01:12 UTC
You are right about the usage of the word crypto. It has some negative associations. E-anything though is very 1990s.  You should also remember that E-cash and E-gold were digital cash products that actually existed and then went bankrupt.  In the case of E-gold there were a lot of fraud and money laundering allegations around it.

Ultimately this is why dogecoin uses the following branding and recommends people do not use the term crypto-currency when talking to new users. 


Post
Topic
Board Altcoin Discussion
Re: a huge apology to all rapecoin fans
by
WompRat
on 07/05/2014, 21:34:04 UTC
Every 2 minutes an American is sexually assaulted
There is an average of 237,868 victims (age 12 or older) of sexual assault each year in the United States

60% of sexual assaults are not reported to the police
97% of rapists will never spend a day in jail
44% of victims are under age 18
80% are under age 30

Approximately 2/3 of assaults are committed by someone known to the victim
38% of rapists are a friend or acquaintance

and there are 4 dicks trying to make money off this.
Post
Topic
Board Altcoin Discussion
Topic OP
The future of tipping
by
WompRat
on 02/05/2014, 10:05:16 UTC
As many of you know 'tipping coins' is something that is quite popular with some crypto communities. Essentially it is just people giving small amount of money to other users for content that they value. It was quite popular in bitcoin 12 months ago, but has seemingly decreased in usage although I have no stats. The practise is still mainly confined to the Reddit website although it is possible to tip on Twitter, Facebook and few other popular social sites too with some coins.

I have often thought that the ability to give small amounts of money to valuable comments, music, videos or anything else on the web was an interesting and unique feature of digital currencies and a great way of attracting new users, immediately rewarding participation, but expansion off of reddit onto the wider web was always going to need the cooperation of other websites and it doesn't seem like Facebook or Youtube are going to be very welcoming although personally I wouldn't be against any operator taking a cut.  Do you guys think tipping has a future or will it just fade out?

PS - I am not interested in whether dogecoin is evil or not.  Tipping existed before dogecoin and lots of coins have tip bots.


Post
Topic
Board Altcoin Discussion
Re: Poll: What is the best solution to the coming Scrypt ASIC problem?
by
WompRat
on 24/04/2014, 11:21:46 UTC
I like ASICS.  They are so much more efficient than GPUs and allow for proper commercial business plans to be shaped around them.  I think the bigger Scrypt coins will be absolutely fine in this new world just as bitcoin proved to be.  Smaller ones may be run over. 

DIgibyte is a great coin and it is a shame it is not more popular, but it needs more exposure.  There will shortly be an army of unemployed GPU miners looking to mine something and it is worth exploiting this group, just as Litecoin did in 2013 and Dogecoin in the first few months of 2014.  I love Doge, but the future is uncertain and a merge is a big gamble until we know if the coin has legs past January.

I would therefore recommend a switch to something else more GPU or even CPU friendly.  Cuckoo Cycle seems very promising if you want the widest audience possible mining.
Post
Topic
Board Altcoin Discussion
Re: How can a new coin break-in and be a big success?
by
WompRat
on 22/04/2014, 20:19:11 UTC
Please don't clone Rapecoin.  This coin might be funny if it wasn't so sick and an embarrassment to all crypto coins.  Associating with this pathetic attention seeking coin is going to look bad.

You don't have to be a programming genius to get started. The creators of dogecoin used a howto clone foocoin guide on the web.  

Here is one:

http://dogecoin.ga/how_to_create_scrypt_based_altcoins.html

Just think of a clever way to market it.  


Post
Topic
Board Altcoin Discussion
Re: Start of the BULL
by
WompRat
on 16/04/2014, 09:50:31 UTC
Never put a damp squid on a pedal stool.

The altcoin market is fragmented and quarrelsome and it is difficult to see where new growth will come from. There is some money sitting on the sidelines which I assume is buying back in, but that is not going to give us a sustained growth.  I personally find it difficult to recommend to family or friends to buy these coins unless they are gamblers as there doesn't seem much practical benefit.  

However, in every major market bubble, the real surge hasn't happened until the bankers have put in and made significant amounts of money.  I don't think we have seen that yet.  Could we see some of that lovely April bonus money coming into crypto and investment firms taking a serious interest?  
Post
Topic
Board Altcoin Discussion
Re: List of Nation Coin
by
WompRat
on 10/04/2014, 11:32:34 UTC
There is Scotcoin (98% pre-mine) and GB Coin (1% pre mine).  No WalesCoin yet. GB Coin might not count as I think the giveaway is just for those who go to their 'workshops'.