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Showing 20 of 21 results by cryptovalues
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Topic
Board Economics
Topic OP
Mainstream merchant adoption leads do declining Bitcoin price?
by
cryptovalues
on 08/10/2014, 10:02:45 UTC
Merchant adoption has always been the Holy Grail of Bitcoin enthusiasts. Supposedly it should have lead so soaring Bitcoin price. But recent overlap of really major adoption (Paypal) and price slump shows that things are trickier.

The dynamics seems to be the exact opposite one: new high volume merchant will never hold bitcoin, due to obvious reasons. They will sell it the second they accept it. So basically it leads to Bitcoin sell-off through huge market sell orders, which are not matched by opposite buy orders, since no one is going to buy Bitcoin in order to pay using Paypal. Existing Bitcoin holders spend their coins, this is the main effect of mainstream merchant adoption.

Don't expect Bitcoin price to rise as new merchants jump on board. Only Wall street can push BTC higher now, but probably the time hasn't come yet.  $100-200 BTC price is realistic, Bitcoin economy will still work fine at this price level.

Wanna hear your opinion.
Post
Topic
Board Altcoin Discussion
Re: Who needs anon coins?
by
cryptovalues
on 04/10/2014, 22:03:41 UTC
Definitely people buying LSD at Himera need some privacy, don't they? But it's just Bitcoin and Litecoin there.
Who needs anon coins? People who wants some privacy  Wink
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [XTC] TileCoin| BTER.COM ICS October 1-Bill Payments/Investment ĐApp
by
cryptovalues
on 03/10/2014, 08:02:44 UTC
Better wait till ICO ends. Based on Node and Cripti "success" Smiley
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] PLANK COIN + indiegogo campaign + IPO
by
cryptovalues
on 03/10/2014, 08:01:10 UTC
You must be doing something wrong then Smiley
People don't take it seriously
there is not a single IPO share sold, UTC was sold out in 14 hours.....

if there is no interrest, then im not gonna waste my time and energy on this.

there is a lot of public interrest, visits and referrals, twitter, but it is not translating into sales. Without a proper budget a coin can not be made.
Post
Topic
Board Altcoin Discussion
Topic OP
Who needs anon coins?
by
cryptovalues
on 03/10/2014, 07:49:29 UTC
I took a look at dark markets, fascinating stuff of course, I strongly oppose drug usage, but you can't stop the progress.
What I've noticed though that no anon coins are used there. It's just Bitcoin (and sometimes Litecoin). No Dark XC Cloak Monero and so on.
It proves my belief that all anon coins are more or less marketing gimmicks with no real world usage, and very unclear perspectives.
Also they are fragmented in many different projects, which undermines their whole ecosystem, because obviously the only chance to succeed for them would be some unification of efforts.
Don't invest in anon coins Smiley

This is my opinion I might be missing something. Please share yours.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] PLANK COIN + indiegogo campaign + IPO
by
cryptovalues
on 01/10/2014, 10:55:30 UTC
specification-wise is it going to be the same as Ultracoin?
Post
Topic
Board Announcements (Altcoins)
Re: NEM Official Thread - Crowdsale has begun[Updates & Discussion]
by
cryptovalues
on 28/09/2014, 12:11:11 UTC
Sorry what will be different in NEM relative to NXT, besides the distribution? Some unique features?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CFS] cyber•Fund - First Global Brain Created | First 100 messages - 1 CFS
by
cryptovalues
on 25/09/2014, 19:51:55 UTC
You can come across pretty weird sh*t these days here.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FIMKrypto: NXT spinoff 30s blocks, POW-like rewards, national income *FIMK
by
cryptovalues
on 23/09/2014, 07:16:45 UTC
Are you going to implement some unique features?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain
by
cryptovalues
on 18/09/2014, 19:38:51 UTC
Actually if the devs will overcome the launch problems it could have future. Syscoin looks like Crypto 2.0 based on old school crypto, which has its merits (miners support especially)
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain
by
cryptovalues
on 18/09/2014, 10:32:18 UTC
too many half-baked (syscoin, crypti, node) crypto 2.0 coins are launched at the same time, starting to resemble anon coins craze.
But let a hundred flowers bloom of course
Post
Topic
Board Announcements (Altcoins)
Re: Bitmark
by
cryptovalues
on 17/09/2014, 15:10:35 UTC
So you will have to provide webservices API, which will integrate Bitmark blockchain with webservices? Say I got 100 likes on FB, I can send them over to Bitmark and then to another webservice integrated with Bitmark. Is it correct?
Sorry could you elaborate on marking a little? In what way is it different from normal P2P coin transfer? As you stated yourself Bitmark is a rather direct Bitcoin fork with Scrypt POW. But from the description I can't see what makes marking different either.

I can elaborate a great deal, but maybe what is needed is something more concise.

Marking is the passing of reputation, similar to clicking 'like', the difference being that the marks are actually transferred from user to user, and marks have all the properties of crypto currency.

A marking also has a reason why, which can be a string message, or a URI, an identifier for anything from a web address to a telephone number to a geo location.

It is also a 'share' like a retweet or share on facebook.

Technically it is a protocol and an implementation with an API which works at the level of the web, not P2P, it is a separate thing on top of crypto which makes markings instant, off chain, and scalable to the size of the web. The crypto level part, bitmark, acts as the glue between implementations, allowing people to transfer marks from one service to another, or to storage and back, all the things you can do with Bitcoin.

The system then is a massive reputation graph which works over every website and every integrated thing in real life, it provides instant viral crowd funding for any creation, idea, or charity, and also rewards every curator of useful or interesting things. As a user you give spendable reputation with every marking, and receive it also for everything you share or make.

Let us say for example you post a sketch or a song you have created somewhere on the web, then people can mark you for, as they would currently like, but in our model each marking is a little bit of rep and a little bit of money and optionally a share also. So if your sketch or song was good it can spread virally through the web and receive many marks, perhaps you have just earned a day or a weeks wages, and been fairly rewarded. In the current web system you post something on facebook or twitter and get meaningless likes/favs/karma from an infinite supply whilst the services benefit from your efforts. So we flip this around and make your reputation have true value again.

Perhaps you have a good idea, you can mention it, if it is good then it will be marked (you will get reputation and money and shares with each click), so now you have some incentive to progress your idea a little bit and maybe write something bigger about it. The marking process happens again and now John has joined you to help make a prototype, the process happens again and now you have a small community and reputation and funding to progress even further, and the thing scales out from there.

A nice thing is that your idea gave you lots of marks, and you maybe enjoyed the sketch from the previous example so you marked them with a higher amount, and the creator of that sketch was drawing another whilst listening to that song, so they marked the creator of that song as they listened.

Fast forward a little further and maybe you are going to demo your idea to a large manufacturer, you knew which taxi to get in because your mobile app showed you the companies reputation (each marking is of course also a review), and whilst travelling you think you need some lunch. Your google glasses give you a little overlay of markings against geo points as you look out of the window, which tell you that your friends ate at Frankies Pizza House last week and gave them good marks. So you stop there for lunch. Now maybe that table you sit at has a little brass token with the table number, but also NFC, so you just move your mobile device over the table number and you see the bill is to be 12 marks, so you tap your phone and slide your finger a little to add a tip to your waitress and mark her, then tap again to confirm. As you walk out side you get a little notification, you were just given a little mark back from Frankies, for being a polite customer.

As we say, Bitmark the currency is a little bit boring, it is just crypto currency. Marking however, that is quite fun and maybe just a little bit different from tipping Wink
Post
Topic
Board Announcements (Altcoins)
Re: Bitmark
by
cryptovalues
on 17/09/2014, 14:13:21 UTC
Sorry could you elaborate on marking a little? In what way is it different from normal P2P coin transfer? As you stated yourself Bitmark is a rather direct Bitcoin fork with Scrypt POW. But from the description I can't see what makes marking different either.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Dogeparty, Counterparty for the Dogecoin blockchain! (official)
by
cryptovalues
on 15/09/2014, 22:05:40 UTC
strange why no one did it already for litecoin, which is probably the first idea which comes to mind. the second is DOGE, for sure
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SocialxBot | Twitter Layer | Bittrex | Cryptsy | TRADING ENGINE Released.
by
cryptovalues
on 15/09/2014, 21:29:04 UTC
Sorry, how can we be sure that this is actually a cryptocoin, not just a twitter bot? is there a downloadable client?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VLT] VolatilityCoin| x15 |~ A CryptoCoin Index | Launched!!
by
cryptovalues
on 15/09/2014, 21:21:48 UTC
How do you enforce the coin price?
It's not clear from the description.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
cryptovalues
on 15/09/2014, 21:13:25 UTC
Sorry guys can't figure this out fast, has ClearingHouse been launched already?
Post
Topic
Board Announcements (Altcoins)
Re: [Pre-ANN][BRO] BreakoutCoin | Bergstake | BottlessNight | Gaming Platform +
by
cryptovalues
on 15/09/2014, 21:07:11 UTC
is it going to be a coin for online poker or something?
Post
Topic
Board Announcements (Altcoins)
Re: [NLG] Guldencoin.com/pay-here — Guldenwallet for iOS Pre-Release
by
cryptovalues
on 15/09/2014, 13:48:30 UTC
Are you going to add new features to the coin? Or you bank on merchant acceptance only?
Post
Topic
Board Announcements (Altcoins)
Re: Crypti - XCR - Ͼ - 3 PoS algorithms - Ed25519 - Next Gen New Source - Launched!
by
cryptovalues
on 15/09/2014, 13:02:06 UTC
I think you should have launched later guys, the same can be said about NODE. Current slow development pace is not good for the project.