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Showing 9 of 9 results by bytesnpieces
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Topic
Board Speculation
Re: What would a sudden skyrocket of Bitcoin price do to other alt coins?
by
bytesnpieces
on 13/03/2014, 02:58:16 UTC
This shows you quite nicely what all the alt-coins did during the previous two run-ups. You can see that they all mostly jump with bitcoin and then slowly descend as their bubble fades...

http://bitinfocharts.com/comparison/marketcap-btc-ltc-ppc-doge-nmc-qrk-ftc-nvc-vtc-wdc-trc-frc.html

press the log button in the bottom left corner...

http://i.imgur.com/PrnlqwO.jpg
Post
Topic
Board Beginners & Help
Re: Is the private key really all that I need?
by
bytesnpieces
on 26/02/2014, 13:07:03 UTC
Yes that is correct, the private key is all you need to get those coins, so keep it safe Wink
Post
Topic
Board Beginners & Help
Topic OP
Difficulty and market price...
by
bytesnpieces
on 14/07/2013, 19:40:28 UTC
Traditional wisdom says that price does not follow difficulty.  If anything, it is the other way round and difficulty follows price as mining becomes more lucrative.

So why has the somewhat bearish market of the last couple of months seen not only the highest difficulties on record, but also the largest difficulty jumps?

Is the difficulty lagging behind the price? and if so, is the whole ASIC mining scene going to come tumbling down as people realize they have been scammed with effectively useless devices for which they will never recover their initial investment?

Discuss...
Post
Topic
Board Altcoin Discussion
Re: Ripple Giveaway!
by
bytesnpieces
on 24/04/2013, 09:19:38 UTC
rLUvnRCQavfUUuhXRPLW9ZpPTY79gPhb1W
Post
Topic
Board Altcoin Discussion
Re: Giving away Free TRC (TerraCoins) Post your address for a free coin!
by
bytesnpieces
on 21/04/2013, 18:23:06 UTC
Ah, I see, here is my address:

1EafG9R1z9bTMz4QhTFDCr6td3KJJumzEj
Post
Topic
Board Beginners & Help
Re: Curiosity about statistical probability
by
bytesnpieces
on 21/04/2013, 17:49:18 UTC
If it concerns you, keep your cryptocurrency in cold storage (this might be something you already do) and only use a small amount on cloud-based services.  This is the great thing about the base protocol, it is trustless.
Post
Topic
Board Beginners & Help
Re: payment to wrong address
by
bytesnpieces
on 21/04/2013, 17:45:05 UTC
Sucks man  Sad
Personally, I always to the 6 character check:
I check the first and last three characters of the address before sending.

I guess, technically it could still eff-up but it eliminates a lot of the risk.
Post
Topic
Board Beginners & Help
Re: Games
by
bytesnpieces
on 21/04/2013, 17:36:19 UTC
Hours of fun, and you can actually use some skill...

https://www.bittrivia.com/
Post
Topic
Board Beginners & Help
Re: Bitcoins are pretty expensive
by
bytesnpieces
on 21/04/2013, 17:12:52 UTC
Yes, Bitcoins are expensive, however, I believe that what is important (in terms of trading and speculating) is their long term potential and % change in value over time, I believe that people are put-off by the idea of not being able to own a whole bitcoin, I would propose denominations on the Satoshi Scale as follows:

10 = 1 Gigoshi
1 = 1 Bitcoin
0.01 = 1 Megoshi
0.00001 = 1 Kiloshi
0.000001 = 1 Hectoshi
0.0000001 = 1 Decoshi
0.00000001= 1 Satoshi