With all the attention that bitcoin gained in 2013 and the huge increase in merchant adoption in 2014, the bitcoin price really should be doing better than it is right now. We are currently skirting the bottom, worryingly close to an important long term support line, and each attempt at a breakout of the current price trend has been punished severely over recent months.

Given all of the evidence that has been gathered over the past 10 years or so on Precious Metals price suppression by the central banks and large investment banks, is it possible that they are now starting to turn their focus to financial repression in the bitcoin and altcoin markets? It doesn't require a huge amount of bitcoin to paint the charts, if the right moment is chosen in which to sell through a slew of bid orders. Governments have been seizing huge stashes of bitcoin from various criminal activities over the past few years. Could they have leased this to the central banks to carry out their same old tricks? Virtual currencies are now squarely in the targets of the central banks all around the world. If they didn't care about it 5 years ago, they certainly do now.

If the central banks are now in the game, then the resistance to the upside may be much much greater going forwards than it has been in the past. And it might explain the some of market price action. This is all pure speculation, which is why I have posted this thread in this subforum. I have done zero research and have no evidence for this whatsoever. But it is not a huge leap of the imagination, that something which poses such a significant threat to the existing monetary paradigm would face intense resistance from the financial hegemon.

Are we now starting to come face to face with the behemoth?

Thoughts? Comments?

There is already a WorldCoin.

MaxCoin Silver Cryptobullion

"DEFENDIT NUMERUS" ... safety in numbers

The ultimate safe haven asset for advocates of sound money.
Silver Cryptobullion combines the benefits of owning Precious Metals and Cryptocurrency.
Currently available for sale *exclusively* on StartJOIN.com:

https://www.startjoin.com/maxcoinbullion







About MaxCoin Cryptobullion

MaxCoin Silver Cryptobullion is a privately minted 1oz 999 fine silver round featuring a tamper evident security hologram that protects a maxcoin private key - the "password" for an address on the blockchain that contains 100 maxcoin. The first 8 characters of the address is printed on the front of the hologram, which can be used to independently verify the balance.

To redeem the maxcoin, the hologram must be peeled off the face of the coin to reveal the private key. Removing the security hologram destroys it in the process so that it cannot be re-applied, for security purposes. The maxcoin private key can then be loaded directly into your maxcoin wallet and spent digitally, if you choose to do so.

Some Monetary History

Over thousands of years of history, silver and gold have through market forces been determined to be the soundest form of money and the most honest monetary basis on which to operate a free market economy. Precious metals cannot be created “ex-nihilo’, or rather, out of thin air. They have true allodial title, meaning ownership is implied by possession - “if you don’t hold it, you don’t own it” - and it has zero counterparty risk, meaning that it is one of the only financial assets which is not simultaneously someone else’s liability.

Physical assets and commodities such as tobacco, cattle, grain, copper, seashells, tea and oil have at one time or another functioned as currency, as their value is intrinsic to the object rather than dependent on a promise from a third party. However, each have flaws which mean they do not work very well as money. Eventually, silver and gold is selected by civilisations throughout history, time and time again, through a free-market selection process to fulfil the role of money. The reason for this is that they are elements with unique physical properties that make them highly useful for use as money.

Sound money must have all of the following properties to be a dependable monetary instrument:

1) A unit of account
2) Easily portable
3) Easily divisible
4) Highly durable
5) Fungible
6) A reliable store of value over time

Silver and Gold fulfil all of these properties and have traditionally been the safe-haven assets that society flocks towards in the face of turbulent economic times as a way to preserve their wealth from a fundamental corruption of the monetary system and to hedge their financial future against the reckless decisions of others.

A sound money standard imposes a certain amount of restraint upon those who would act irresponsibly, preventing a buildup of excessive risk in the economy.

Where does MaxCoin come in?

Cryptocurrency is a very recent innovation in banking and finance and is best described as an inherently deflationary currency regulated by a trustless decentralised network of computers that together maintain a distributed public ledger, without the need for a central authority to verify transactions. It is the expression of pent-up mistrust of and frustration with the existing global banking and financial systems. In addition, it represents the emergence of a "global insurrection against banker occupation” and a social paradigm shift away from the catastrophic Keynesian economic models that have brought the global economy to breaking point, and away from assets with uncertain levels of counterparty risk, encouraging those who are liberty-minded towards an economy that is free of excessive levels of debt and instead founded on a sound monetary platform that encourages savings and and prudent financial behaviour.

MaxCoin (and cryptocurrency in general) shares many of the properties that give silver and gold their value as money, while dramatically improving on others. This is not by coincidence, it is by design. The process through which new supply is created is a decreasing exponential function, mathematically modelled on the process of mining gold. This ensures a theoretical finite supply, which becomes progressively more difficult and expensive to create over time. However, while it fulfils most of the criteria of sound money, it has yet to prove itself as a reliable store of value over time. Prices in the cryptocurrency markets have been highly volatile while in their early stages, but this represents a truly free market with natural price discovery processes that are not impeded.

While cryptocurrency has huge benefits over existing monetary instruments, some argue it has no intrinsic value, while others argue that it has intrinsic value due to the fact it permits instant, global, peer-peer frictionless payments at almost no cost whatsoever. It's use as a currency is growing, but silver has a proven track record in it’s use as a store of value over time. Combining the properties of both of these assets into a Cryptobullion round gives investors the best of both worlds.

Why own Cryptobullion?

The inscription on the face of this silver round “Defendit Numerus” is a latin phrase that means “safety in numbers". Numbers don't lie; they can be trusted above all else.

Precious metals remain the ultimate safe-haven asset, and the recent whirlwind of innovation in the cryptocurrency markets may distract attention from the proven historical track record of silver and gold of preserving and storing wealth over extended periods of time. Combining silver and cryptocurrency together into a physical object, Cryptobullion gives investors a way to gain exposure to both the precious metals market and the cryptocurrency market simultaneously. If you are invested solely in one or the other, you may get left behind by a violent market correction.

Cryptobullion gives people an easy way to obtain assets with real value that have zero counterparty risk and allodial title. MaxCoin Silver Cryptobullion could be the ultimate safe-haven asset! Pledge to this project today and be one of the first to receive a 100 MaxCoin 1oz Silver Cryptobullion round.

Design Specifications

The silver round is 1.5 inches in diameter.
It has a silver content of exactly 1 troy oz of 999+ fineness.
It contains 100 maxcoin stored on a private key printed on a 0.5 inch disc behind a security hologram of 1 inch diameter.
The maxcoin address associated with a secret private key so that the balance can be verified on the blockchain.
Individual rounds will come in a protective transparent coin-capsule and presentation box.
Multiples of 20 will come in airtight mint tubes.

https://www.startjoin.com/maxcoinbullion

Just to let you know guys, this is not me.
I don't know who this guy is who is claiming to be selling these coins.
The only place they are available is on StartJOIN.com right now:

2015 MaxCoin: https://www.startjoin.com/maxcoinbullion
2014 StartCoin: https://www.startjoin.com/cryptobullion

If anyone is interested in buying them, please go to StartJOIN.
Do not buy from this guy.

MaxCoin up 25% today.
Nice.

Great stuff. Thanks ocminer!

I'm not the core wallet developer, but am part of the dev team and am involved closely with the MaxCoin community and projects within it's ecosystem. I operate the forums at maxtalk.org, the maxcoin faucet, and am the owner of the MaxCoin Silver Cryptobullion project on StartJOIN which raised $100,000 to create a physical silver bullion round for MAX.

I talk to Max Keiser in person on an almost daily basis. I also speak on behalf of the team.

If you want official confirmation of Max Keiser's involvement, then tweet him. Or just read his twitter feed. Just today, he posted several tweets about maxcoin. As I said, he is still closely involved. Those claiming otherwise have no involvement with the coin and are just being dishonest and trying to spread FUD.

Yes, he is still closely involved with the project.

Rocketpool's daemons have been restarted.
Everything should be fine now.

Thanks guys!
The modifications to the client are completed but are not published to github yet.
I'll update this thread when they are available.
We'll also try to contact the pools directly when the source is available.

Sources:
http://maxcoinnews.net/maxcoin-public-service-announcement-19082014/
http://www.maxtalk.org/index.php?topic=230.0

Introduction
This is a public service announcement to all members of the MaxCoin community.

The MaxCoin Dev Team is implementing some important changes to the mining protocol which will take effect on Friday, 5th September 2014 from block 600,000 onwards. This announcement outlines the details of the protocol modifications and the rationale behind their implementation.

Please be sure to read this entire announcement as you may need to take action in order to be prepared for the upcoming changes. Failure to follow these instructions could result in the loss of coins.

Be sure to check news.maxcoin.co.uk and our twitter account @maxcoinproject for further information about the availability of the updated wallet software.

Brief Explanation
The MaxCoin protocol will be modified on Friday 5th September 2014 to address certain unanticipated inflation effects that have resulted from an earlier update to the protocol. This change will slow the rate of mining in the near term and spread it out over the long term. The total number of coins to be mined will remain unchanged at 100,000,000. A checkpointing protocol will be implemented in order to provide additional security to the blockchain.

Detailed Explanation
At block 140,000 it was decided to half the block reward from 96 coins/block to 48 coins/block and bring down the total coin limit from 250 million MaxCoin to approximately 100 million. This decision was taken as a result of calls from the community to address the issue of excessive coin inflation. The result of this action however has had a contradictory effect to the long term MaxCoin inflation curve.

We have now reached 33 million MaxCoin mined, which represents about 31% of the total coins that will exist. In contrast, bitcoin is at 13 million coins of their 21 million total. That’s 60%. It took 6 years for the bitcoin inflation curve to create twice as much as MaxCoin has in 6 months.

Compared to the 10 minute blocktime of Bitcoin, MaxCoin has a very short blocktime of only 30 seconds. It also has a shorter interval between block reward halvings, 4 years in the case of bitcoin vs 1 year in the case of maxcoin. The combination of fast blocktime and shorter block reward halving interval means the inflation curve is heavily left shifted with a very large slope at the start. This means coin inflation from block rewards is heavily frontloaded in the “early adopter” phase of the network.



The above chart shows the inflation curves over a period of 40 years. Bitcoin is in blue, the original MaxCoin curve is in green and our current protocol after halving the block reward early at block 140,000 is in red. The chart highlights an important and unanticipated change to the inflation curve our early halving of the block reward and reduction of the total coin limit has resulted in. This change to the protocol has not only worsened the problem of excessive inflation by approximately 25% it has also resulted in a significant reduction in the period of time over which block rewards are paid. We will now reach our total of 100,000,000 MaxCoin in only 7 years, after which the block reward will go to 0. Prior to the halving, it would have taken 55 years to issue 100% of the MaxCoin that will ever be created, however that period has been reduced unintentionally by a significant amount. With this model, after year 7 the network will have to sustain the mining process solely by the payment of transaction fees.

This is far from a desirable inflation curve for a coin to adopt and as such, the following changes to the protocol will be implemented as of block 600,000 to rectify the problem once and for all:

• Total coin limit will remain unchanged at 100,000,000 maxcoin
• Blocktime will be increased from 30s to 60s
• Block rewards will be reduced from 48 to 16 MaxCoin/block
• The block reward halving interval will be increased from 1 year to 4 years
• Block rewards will half from the new block reward level of 16 MaxCoin/block
• The block reward payments period will be increased from 7 years to 28 years
• Checkpointing will be implemented to provide additional blockchain security

The chart below illustrates the effect the above changes will have on the inflation curve of MaxCoin. It shows our current inflation curve in red, the original MaxCoin curve in green, and the new curve in purple. The blue line represents the inflation curve of bitcoin for the purposes of comparison.



The modifications being implemented by the Dev team will not affect the total amount of MaxCoin to be issued. That will remain unchanged at 100,000,000. Instead, the inflation curve will be stretched out further to the right such that the mining of coins is spread out over a longer period of time. This will ensure that the network will be sustainable by block reward payments over the next three decades.

This new PoW inflation scheme has lower levels of coin inflation in the early years and more closely approximates the bitcoin inflation curve. It will result in coins being created over a period of 28 years instead of just 7. This is much more in line with the the coin generation period specified by the bitcoin protocol.

Notice to Mining Pools and Exchanges
The changes above will require a hard fork of the chain, and as such necessitate that all mining pools and altcoin exchanges update their clients prior to block 600,000 to prevent disruption to the MaxCoin network. We will contact all of the major exchanges and mining pools directly to ensure they are aware of the upcoming changes to the protocol, giving adequate time to update their wallets in advance of the fork.

Notice to Holders of MaxCoin
To prevent loss of your coins DO NOT send any transactions using the old MaxCoin wallet software after block 600,000 on Friday 5th September 2014. You must update your MaxCoin wallet by downloading the new version from either github or maxcoin.co.uk prior to sending coins from your wallet, or they may be lost. If you are keeping your coins on an exchange (while not advisable) you will not have any problems as long as you eventually withdraw the coins to the updated wallet software.

Future Update
In addition to this update, the Dev team is currently developing and testing a new hybrid mining scheme that will potentially replace the existing pure PoW coin distribution method. A new scheme will however continue to adhere to the inflation scheme that has been laid out above. The timing of the release of the new coin distribution method is still being determined but it will take a few months for all development work and testing to be complete. So stay tuned to news.maxcoin.co.uk and @maxcoinproject for more information in the near future!

This is interesting. I think I'll give it a try.

AFAIK, the client is not supported on XP, but it should run ok on windows 7. The antivirus warnings are false positives due to some code that uses the IRC method for initial seeding, which is a common method of controlling botnets. This should be resolved as soon as a DNS seeding node has been established.

A maxcoin market has FINALLY been launched on bittrex! 

In less than 24 hours, the market on Bittrex has overtaken Cryptsy to become the 2nd largest MaxCoin market by volume.
This is despite the fact MAX has been trading on Cryptsy since February.



The volume on bittrex today has been just under 50% that of of MCXNow's MAX/BTC market.
And this is only the first day of active trading on this market. That's pretty impressive imo.
MaxCoin has seen over 2,000 btc of transaction volume on MCX in the past 3 months.
It's much more than that if you extend the window back as far as February.

MAX will be featured on homepage of Bittrex.com for at least the next week.
So get your coins over to Trex and lets get some volume going!

https://bittrex.com/Market/Index?MarketName=BTC-MAX

I'll take it off his hands. My maxcoin bag will never be full. The lighter it gets, the more I can carry.

With all the development work that is being done for this coin, it might be time to get in again.
You dumped high so why not consider putting a small portion of those profits back in play?

To the people claiming that there is no development taking place, are you living under a rock? Or do you just choose to ignore everything that doesn't confirm your bias?



BitXATM are launching 1,000 ATMs in the US, all of which will be capable of transacting in MaxCoin. They will also have PoS devices for point of sale purchases. How many other altcoins can make that claim?

Maxcoin also has raised $100,000 in crowdfunding to create a physical silver MaxCoin. The demand seen for this was huge which shows how much support there is from community to fund worthwhile projects.

MaxCoin will also be accepted on StartJOIN in the coming weeks for the purpose of making pledges towards crowdfunding projects. StartJOIN is the only serious crowdfunding platform embracing cryptocurrency, and is aiming to be a large player in the crowdfunding market. This gives maxcoin a unique use case. StartCOIN was created specifically to incentivise use of the platform, and is in no way a competitive threat to MaxCoin in this regard. The two currencies complement each other, and there will at some point be a market to exchange maxcoin and startcoin.

MaxCoin has also been adopted onto the NXT multigateway decentralised exchange. Yes, that's right. A decentralised bitcoin:maxcoin exchange! How many other alts are talking endlessly about this but getting nowhere? The maxcoin devs don't just talk, they act... and get things done.

In addition to that, the TXTCoinsNow project will enable payments in maxcoin without the need for a computer, a smartphone or even an internet connection. This project aims to bring max to the unbanked people of the world who do not have the privilege of owning expensive computing hardware. All that is needed is any regular phone to send and receive payments in maxcoin.

There is also a project underway to create an FPGA for mining maxcoin. This project has raised almost $20,000 in funding to date and already has the hardware ready to go as soon as the VHDL programming is complete, and we have a working SHA3 implementation interfaced with cgminer.

We also have paper wallets, QR codes, a working minikey format, deterministic wallets, an ad-free faucet that pays out more in Satoshi value than any other faucet. Work is underway on an android wallet, and our web wallet is about 80% completed. A port of bitcoin-abe is also in progress. There's an active community on maxchat.info and maxtalk.org who are dedicated to making the coin a success, and a community bounty program will soon be launched in a free market based attempt to develop the infrastructure of the coin.

The devs also acted quickly to patch an exploit of the Kimoto Gravity well retargeting algorithm that was used to successfully attack auroracoin, making maxcoin the first safe KGW coin. We take blockchain security very seriously. And despite a prolonged period of a single mining pool controlling over 51% of the market, no 51% attacks were attempted and now the mining community have addressed the issue such that no single entity controls a dominant share of the network hashrate.

The dev team are also in talks with major silver bullion dealer in the UK to discuss the possibility of backing the currency with silver. This is a long way off, but reveals the fact that the team are serious about the long term success of the project.

These points merely scratch the surface of the development work that is currently taking place, so how anyone could try to honestly claim that no development is being done is beyond me. You are either being dishonest in your criticisms or else you are being wilfully blinded by your own biases.

Some of the comments in this thread are actually laughable. And some of you wonder why the MaxCoin devs have no time for this forum? What is the point of trying to convince bitcoin evangelicals who don't want to be convinced anyway? It's a waste of time and energy, and time will prove you wrong anyway. Enjoy the schadenfreude while it lasts, because MaxCoin will have the last laugh...

I don't see MaxCoin in your list.
Now might be a good time to sort that out.

They haven't been minted yet. This is just a provisional design.
If anyone wants to submit a potential design, feel free to do so.

Here is the design for a physical 1oz 999 fine silver maxcoin "cryptobullion" round that will have a face value of 50 MAX. The coin will feature a tamper-proof security hologram overlaid on the centre on one face of the coin, underneath which the maxcoin private key will be sealed. To redeem the maxcoin, you will simply peel off the holographic sticker and load the private key into your maxcoin wallet. The hologram will self-destruct upon removal to ensure the safety of the maxcoin within.

This "cryptobullion" product allow investors to simultaneously gain exposure to both cryptocurrency and precious metals. Both of these assets hold true allodial tittle (if you hold it, you own it) and have zero counterparty risk. If precious metals outdo cryptocurrencies, or vice versa, and you have invested solely into one or the other, you could leave you stranded. But an investment into physical crytobullion will perform well if either asset appreciates in value.

The latin phrase "Defendit Numerus" translates roughly to "Safety in Numbers". Or in this situation, safety in *honest* numbers. Cryptobullion could potentially be the ultimate safe-haven asset. This project will be listed up on StartJOIN in the coming days for anyone interested in preordering a physical maxcoin cryptobullion round (or two, or three).

New markets in ltc and doge. Nice!