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Board Service Discussion (Altcoins)

Re: Poloniex - Withdrawal Problem

playingpoodles

on 21/12/2017, 06:54:32 UTC

It's happened before, but at present the scale and depth of the problem is unprecedented. They simply aren't broadcasting the withdrawals. In a way, the size of the problem is a good thing - cumulitively people have literally lost millions worth of USD from Poloniex in the last three days or so. It might be big enough now that regulators want to step in.

Just see how big the problem is: https://www.reddit.com/r/poloniex/

People have been talking class action. People have lost $25,000 transfers for months, with Poloniex keeping the change.

Wait and see, maybe it will resolve when after people start work in the US in about 6 hours.

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Board Mining (Altcoins)

Re: Bitcoin Gold and Poloniex

playingpoodles

on 20/12/2017, 03:24:04 UTC

They'll keep it unless enough pressure is brought to bare on them - so unless US authorities heavy them, someone sues them, or there's such a big public outcry, they will keep our BTG. It's nothing personal guys, it's just that they want that money for themselves.

Legally, they haven't got a leg to stand on, but hey, what do minor details like, "unconscionable conduct", or "unjust enrichment", or "holding funds as a fiduciary" matter?

Easy solution - hold Bitcoin on Bittrex not Poloniex if you must hold on an exchange - they've never pulled a fast one with any forks I can remember.

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Board Announcements (Altcoins)

Re: [ANN][ZEN] ZenCash: Private, Secure, Resilient CryptoCurrency with zk-SNARKs

playingpoodles

on 16/09/2017, 17:00:02 UTC

Just an update to the community, ZenCash development is continuing with substantial progress. It is truly an international effort, and you'll see on the blog https://blog.zensystem.io/ the Whitepaper has been translated into numerous languages. This is the way the development team will keep working, inclusively, internationally, and to keep you up to date with development updates as soon as they're available.

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Board Bitcoin Discussion

Bitcoin and altcoin trading - big or little bear?

playingpoodles

on 13/09/2017, 16:08:18 UTC

With JP Morgan's Jamie Dimon coming out swinging at Bitcoin today - on top of news and rumor from that great eastern land of the dragon, otherwise known as the People's Republic of China that shook the market - the last few days have seen the biggest downward correction in the cryptocurrency market since July and potentially before that.

It has been a very ugly few days for those of us who have placed a portion of our hard-won and tightly clung to wealth into cryptocurrencies. Nobody likes to be 15 per cent down on a day, or 25 per cent down over a week.
Then again, cryptocurrency is no place for people who have no stomach for risk and volatility. I mean the reason increasingly more people have entered the cryptocurrency market over time is because the vicious punches of 15 per cent daily losses have been more than offset by counter-punch gains, with altcoins sometimes daily gains of 100 per cent, and things like 1000 per cent gains for some coins over a month. (Altcoins mind, and usually smaller market cap ones, larger cap coins not to rise with quite such extreme price movements).

New entrants to the market though who bought into Bitcoin this month near the top will be very rattled. They will either leave, or learn a lesson. But whatever the number be that leave, it is my firm belief that over time they will be outnumbered by orders of magnitude by new entrants into the market.

It would be fantastically unrealistic to expect to be able to operate in a market that gives you from 30 per cent upwards to 100 per cent daily gains, and in which the price of your asset doubles multiple times within a period of months, but where large daily losses of 10 or 20 per cent were not a risk. Large daily losses in cryptocurrency aren't a risk, they're a certainty, and anyone operating in this market without clarity about this is going to get hurt financially.

But the reason people participate in the market is because as an asset class, cryptocurrencies have outperformed every other asset I can think of over time. Let's put it in perspective. according to coinmarketcap.com on 13 April 2017 Bitcoin's price stood at $1159. It then rose to roughly $4937 on 2 September 2017. Now, less than two weeks' later, it has dropped back to $3838.

No consolation if you chose 2 September as your entry point, but that is a phenomenal performance. The thing is, and I have always said it, we need to consider downside as well as upside risk, and too many people in crypto focus on the upside risk. Any trader in mainstream financial markets who focused on upside risks and put downside risks out of their thinking would be out on the street faster than you can say "China ICO ban".
So please consider downside risks. Think about the fact that Bitcoin's top coincided with Korean exchanges like Bithumb becoming by far the largest exchanges by volume, and the fact that now less than two weeks' later they are no loner and that Korean regulators are rumbling their voices about regulation.

So keeping in mind downside risk, do I consider the last few days selloff indicating a large and/or extended bear market for cryptocurrencies? I do not. To be more specific, I think the total market cap of cryptocurrencies will be higher at the end of 2017 than it is now. There are plenty of reasons why I think this. For one, I think the net influx of fiat into cryptocurrency will continue over this year, and I do not see net withdrawal. And the regulation, in China and elsewhere, that seems to spook the market in the short term I do not view as a bad thing. To me it's the sign of the success of cryptocurrencies, because regulators now perceive cryptos to be significant enough to need to deal with, whereas for many years before when they did not seriously investigate regulation obviously they then thought cryptos were too small or peripheral to worry about.

So long term, increasing regulation is a good thing. Short term, it isn't, because it does specific technical things - like reduce Korean and Chinese exchange volume - that sucks out volume and puts downward price pressure.
With these things in mind, I would be cautious investing in the cryptocurrency space, but would be willing to do so. At this point, my preference is probably towards certain altcoins, and in particular any altcoin that has legitimate development, a coherent use case, and most importantly hasn't gone through a pumping cycle yet. (Pumping, as cryptocurrency holders know, is when a coin starts to rapidly rise in price such that it doubles in value repeatedly over a short period of time. There are surprisingly few legitimate coins that have not gone through this process this year).

Which leads me to my preference at this point in time, which is ZenCash. This coin is very heavily down today, in fact down slightly more than the market as a whole. But I like it's prospects. It's not that it doesn't have downside risks, it's just that I see that it has more upside risks given that it hasn't pumped yet.

We'll see. I think the market's vicious drop today may partially reverse by tomorrow. If I were buying at this point though, for any coin, I would dollar-cost invest in over a period of months, because while I still think the upside risks outweigh the downside for the remainder of this year, it's not the case of "jump on this ship as it rises or you will miss out" as it was for much of the year up until now.

I guess that's all from me: consider downside risk, ZenCash in the altcoin space, and dollar-cost invest over months.

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Board Altcoin Discussion

Cryptocurreny categories from digital cash to equity

playingpoodles

on 12/09/2017, 10:40:24 UTC

Ladies and gentlemen (and scoundrels and ne'er-do-goods), if you own cryptocurrency as I do, or have been thinking about owning it, you may find the sheer volume of cryptocurrencies a bit overwhelming. Certainly myself when I try to sort through coins on coinmarketcap.com to find a hidden gem that has speculative rise potential I get a headache.

Which led me to thinking, maybe there is a meaningful way to segment coins into categories to make the process of evaluating them easier. As I thought about it, four clear categories came to mind. These were (i) digital cash, (ii) smart contract, (iii) privacy, (iv) equity.

In this post I want to consider these categories, the future of these categories, and coins that sit largely within each of these categories. While it seems to me that at this point coins do sit predominantly in one category, there is overlap, and my strong sense is the most successful coins will tend to expand horizontally over time to fill more categories.

Well, I'll begin to go through category by category.

(i) Digital cash is just that, a blockchain equivalent of cash. Bitcoin, the father of a great tribe of cryptocurrency children, is the first and most obvious example of this. These kind of coins are a means of value exchange, or value storage. The big difference between digital cash on the blockchain as we know it and traditional fiat cash is blockchain digital cash like Bitcoin is effectively deflationary, while fiat currencies are inflationary, in fact deflation is generally considered a catastrophe to be destroyed at all cost with inflation by central banks. While Bitcoin supply is increasing very slowly, it only has a few million more to go til full supply is reached. But I say Bitcoin (the same holds true for other cryptos) is deflationary because the number of users is increasing much faster than supply, so the tendency is for a 1 unit to be worth more over time.

(ii) Smart contract coins are blockchain ecosystems that facilitate self-executing contracts, ie. contracts that do not necessarily require participation or action by parties to the contract once the contract is set up. If the determination for the conditions of the smart contract require external data this can be sourced from reliable external oracle(s). Ethereum is the best example of a smart contracts cryptocurrency platform. Although there are numerous others, given the first mover strength of Ethereum unless things go very wrong it's hard to see any of them seriously challenging Ethereum for the time being.

(iii) Privacy coins make private the identity of sender or receiver of digital cash, and some of them make private the amount sent and the amount a particular wallet address holds. Privacy was a major concern for the community since the start of Bitcoin, unsurprisingly given the distrust for central authority inherent in the protocol and the somewhat individualistic and cyberpunk-esque aspects of participants in the cryptocurrency space early on. But actually there are many reasons why privacy would be needed by mainstream financial players were they to enter the cryptocurrency space. For example, the knowledge that a large or renowned investor is investing in an asset will cause that asset to rapidly rise, making it expensive for that large or renowned investor to buy, so they try and use different brokers and trusts et cetera to hide their purchase from the market until it is completed. The need for privacy coins should be obvious if you consider that for non private coins all transactions are on a public blockchain: financial institutions, pension funds, high net worth individuals et cetera simply cannot accept that all their financial flows be publically broadcast.

There are numerous privacy based coins on the market today. The two that technically I'm most comfortable with are Zcash and ZenCash, both very similar in technical terms. I prefer ZenCash at this point, but as I have posted about elsewhere this actually has more to do with market fundamentals rather than technical differences between the two coins.

(iv) Equity coins provide an equity, or equity like, right that generates an income from the underlying cryptocurrency business. There are very few coins on the market that offer equity or equity like rights, and those that do often range from very bad deals to borderline scams. For me, the best example of the terrible deal offered to retail investors in this space is BCAP which I wouldn't touch with a 10 foot barge pole wearing a hazmat suit. It looked great to begin with and excited me, a profit-sharing interest in capital investments in crypto startups. Until I did my due diligence and saw that it was a "take their money and screw them" offer extraordonaire. I didn't invest, and BCAP is currently trading around 40% below what investors paid for it while the market has tripled. I can imagine a number of said inivestors feel none too charitable towards a pint-sized celebrity who starred in a 90s hit children's movie who promoted BCAP. Ughh.

Personally, I believe the reason few or nearly no good equity coins have been offered is that the connected, wealthy and dynamic business men and women in the cryptocurrency space are greedy like all humans and want to keep all the equity for themselves. And if you can raise $10s of millions on an ICO with a website, a sketchy barely plausible idea, and no product or even sometimes substantial whitepaper, why give the suckers equity? That said, over the coming years, and particularly if ICOs are regulated as it appears they will be, easy money won't be had as easily as once it was and some legitimate businesses in the crypto space will offer equity through blockchain tokens in order to raise capital.

Well men, women, and other genders, I hope that at least if you can categorise cryptocurrencies down into discrete categories, this may make analysing coins to invest in easier, and allow for allocation distribution amongst categories. And if you want my picks for these categories, and even if you don't I'll give them to you anyway, they are:

   (i) Bitcoin and Dash
   (ii) Ethereum
   (iii) ZenCash
   (iv) wait for a better deal to come along in this space.

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Board Bitcoin Discussion

Bitcoin v Altcoins for remainder of 2017

playingpoodles

on 12/09/2017, 08:47:43 UTC

Good day fellow crytocurrency playerz.

Perhaps, like me, you have dedicated some think-time to the likely price movements of Bitcoin and altcoins (and in my case in particular privacy oriented coins) since Bitcoin has scaled with Segwit and a promise for 2X blocksizes that may or may not be fulfilled.

If you follow my previous posts, you'll see that for a couple of months I was negative regarding the performance of a number of altcoins in the lead up to Bitcoin's Segwit scaling. If you can be bothered tracing back these posts, you'll see that I was heaviily criticised by the holders of these altcoins for which I predicted underperformance relative to Bitcoin. In the end, I was right that their particular altcoins would underperform Bitcoin, but that is besides the point.

What I want to discuss now is the likely performance of Bitcoin, altcoins generally, and privacy altcoins in particular for the rest of 2017 now that Bitcoin has scaled with Segwit (and double blocksize is at least promised at this point). In particular, I want to discuss major altcoins Ether, Dash, and privacy oriented altcoins Monero, Zcash and ZenCash.

Firstly, in the short term being the remainder of this year, I DO NOT expect Bitcoin to substantially outperform altcoins.
I expect both Bitcoin and altcoins to rise in price substantially for the rest of 2017, but to do so to a roughly similar degree. While it is not my base case scenario, I think it is just as likely that altcoins as a whole will outperform Bitcoin as it is the other way around. Of the altcoins discussed in this post, I view Dash and ZenCash as being least vulnerable to downside risks. While my base case scenario is not for them to lose value over the remainder of the year, I see Ethereum, Zcash and Monero as each being vulnerable to foreseeable downside risks.

Let me explain my reasoning, and please remember that for none of these coins am I predicting substantial price declines. Rather I'm offering suggestions as to their likely performance relative to each other and relative to the market. The "market" I refer to is straightforward - it is the cryptocurrency market as described and valued on coinmarketcap.com

My personal belief is that Bitcoin will rise overall for the remainder of the year with more upside risk than downside risk. Recent events, for instance the Chinese ICO ban, or the as yet unconfirmed news of China banning Bitcoin exchanges reinforced this for me. Both items of news were very significant bad news (although the ban is unconfirmed), but all that could do was drop Bitcoin 20 per cent, and back it came roaring again recovering about 10 of that 20 per cent.

Fundamentally I just see new money flowing into Bitcoin for the remainder of the year, and I expect it to soak up any bad news that emerges, and ultimately lead to a higher Bitcoin price.

Ethereum I believe has both more upside and more downside potential than Bitcoin. Given how high risk and volatile a play the cryptocurrency market is, I personally don't see the benefit in choosing a higher risk asset within the space (Ethereum) over a lower risk asset within the space (Bitcoin) notwithstanding the lower risk asset has less upside potential as well as downside.

I would not choose to hold Zcash or Monero at this stage. Zcash has underperformed Bitcoin even since July when Segwit 2X came into force. All the other altcoins I discuss in this post besides Zcash have gone up or pretty much sideways relative to Bitcoin since July. I think the market is less enthusiastic about Zcash than other coins at this point, and I think one of the reasons for this is that Zcash already rose so quickly this year, and I do not expect it to outperform for the rest of this year.

With regards to Monero, despite having mined it significantly, I have always had great reservations about the coin, and always mined and sold. In fact one of the weaknesses I see in Monero in the short term is that I believe many miners have a similar lack of faith in the coin as I as a miner had. To me this both puts downward pressure on upward price swings, and tends to make Monero drop more sharply than the market as a whole when the market declines. My fundamental lack of faith in Monero though is my belief that it is simply not scaleable and therefore does not have the upside that other privacy coins that can be shown to scale could have. There were short term opportunities with Monero, like the recent 2x plus rise on the news Bithumb was listing Monero, but to my mind these are short term plays, and such trades tend not to fit with my investment style and model.

Which brings me to Dash and ZenCash. While Dash is not per-se a privacy coin anymore, it has a privacy enhancing feature called DarkSend. I like the look of Dash for the remainder of this year. It is very well governed, and continues on with its Evolution upgrade to bring crypto to the masses. Of course, that may seem like a blue-sky dream, but Dash's governance structure has produced results with upgrade campaigns in the past, and I believe they're as or more equipped than any other development team to drink from the Holy Grail of mass adoption of cryptocurrency, so to speak. Dash's Masternode system locks a lot of supply into highly-invested masternode operators, and this tends to mean Dash often declines less rapidly than the market when the market has a very bad day. I do not own Dash at this point but I will be buying sometime before the end of October.

Finally, the privacy oriented coin ZenCash makes a lot of sense to me when considering the balances of upside risk and downside risk. ZenCash derived much of its original sourcecode from Zcash, but it made changes, including a Secure Node system to further enhance privacy. As ZenCash's development rolls out, I see it having the a substantial possibility of outperforming the market for the rest of this year, in contrast to Zcash. This is because ZenCash is currently at a very low marketcap, roughly $17 million to Zcash's $475 million. If you compare Bitcoin Cash to Bitcoin, it has traded up and down, but Bitcoin Cash is somewhere around 13+ per cent of Bitcoin's value, you can see how low a multiple of ZenCash is trading relative to Zcash.

I see ZenCash increasing its value as a percentage of Zcash's value this year. I see it equaling or outperforming the market as a whole. Upside risks are successful rollout of Secure Nodes, and if ZenCash can get included in a mobile multi-coin wallet like Coinomi or another. At the moment the only downside risk I see to ZenCash is general market risk, that is it will go down with the cryptocurrency market if the overall market goes down.

Well, those were my six pence, and you can keep the change kind sirs (and ladies).

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Board Altcoin Discussion

Re: Zencash: Excellent potential?

playingpoodles

on 09/09/2017, 05:30:01 UTC

Zen's low marketcap is an enormous strength, to my mind. Of course something valuable can get even more valuable. But from what I see in the crypto space the really exponential increases in short periods of time tend to happen less once market cap increases. Just on the speculative side, I like the look of Zen.

As for what Zen's position in the privacy coin space, at this point I see only one main competitor, and that is ZEC, which has a much higher market cap. There are other competitors but I see them as either too small/immature/not seriously developed or have governance and development based entirely on volunteerism. I cannot see a project really working purely on volunteerism - Bitcoin is a sort-of example of this, the insane delay in scaling because competing vested private interests stopped development, and of course now most development is done not by volunteers but by coders paid by whatever faction they give their fealty to (eg Bitcoin Core/Blockstream). I don't like that route. I much prefer a scheme where some of the mining reward funds development.

That's what Zen has.

As far as future potential, I personally believe getting Zen included in a multi-currency mobile wallet will be important to fund adoption.

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Board Speculation (Altcoins)

Re: How much will DeepOnion be worth?

playingpoodles

on 01/09/2017, 17:15:47 UTC

I always prefer to get into coins before they pump up though. Once a coin breaks out, it scares me, because of all the downside risk.

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Board Announcements (Altcoins)

Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card

playingpoodles

on 01/09/2017, 17:15:13 UTC

There are just SO SO SO SO SO SO many competitors in the payment card crypto space. Someone should do a list, it'd be a long one. For the most part, they're all bad deals - they all tend to flip your Bitcoin or whatever into USD or whatever at unfavourable rates, and aren't particularly good when it comes to fees. I mean, how else could they do it - you pay in USD or whatever right when you scan the Visa or Mastercard - they have KYC like anyone else, hard to see the benefit - I suppose it would be for the unbanked.

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Board Altcoin Discussion

Re: When did altcoins got so popular?

playingpoodles

on 01/09/2017, 17:13:10 UTC

I think it was in 2016 or so. Bitcoin's scaling issues showed no end in sight, and people had had enough. It Dash and Eth went nuts, then Ripple finally took on this serious markets guy, I think from CME or something. His orders were, pump the old girl, and boy did he! (Kind of contradicted repeated previous public statements that they'd never pump XRP and would work against that, but hey if people are throwing money at you, who says no?)

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Board Altcoin Discussion

Re: What if all coins disappear??

playingpoodles

on 01/09/2017, 17:09:52 UTC

I suppose we'd be on Bitcointalk less if they all disappeared! Very unlikely at this point and in the short to medium term. Perhaps people would choose gold as their hedge against inflationary fiat?

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Board Altcoin Discussion

Re: Coins with Masternode?

playingpoodles

on 01/09/2017, 17:09:01 UTC

Masternodes were brilliant for Dash. Made thousands of millionaires in the space of two years. There may be downsides down the road that we're not aware of yet. It's worked for other players, but not to the same extent as it did for Dash as far as I know.

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Board Altcoin Discussion

Re: Who are the new investors in crypto? I'll tell you...

playingpoodles

on 01/09/2017, 17:07:49 UTC

Interesting. I'd say Koreans would be a big part of the new investors, no? I mean a few months ago we certainly weren't talking about Korean exchanges topping daily turnover as they do now if you look it up on coinmarketcap.

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Board Altcoin Discussion

Re: Newbie to Altcoins

playingpoodles

on 01/09/2017, 17:06:43 UTC

The two things I'd suggest: remember price can go down as well as up - quite violently with altcoins. Don't buy into a pump, and really, if you look at it with detachment the pumps are pretty obvious. For example the Bitcoin Cash pump was obviously out of Korea, such concentration in a relatively narrow section of the market (basically 2 exchanges) should ring alarm bells. Avoid that and you're halfway there.

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Board Speculation (Altcoins)

Re: FunFair: Take a chance on it?

playingpoodles

on 01/09/2017, 17:05:01 UTC

Like a lot of the ERC20 Eth token coins, the valuation is insane for Funfair in my view. Don't get me wrong, I like the idea, and the team, but only a small portion is in circulation, check the full circulation on coinmarket cap - insane valuation, IMO.

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Board Altcoin Discussion

Re: What are your top "must have" coins?

playingpoodles

on 01/09/2017, 17:04:06 UTC

Everyone here's going to have a vested interest answering that. It'll be influenced by their own holding. Personally, I'd be most comfortable for rest of this year with the big top of the chart coins. I'd be least comfortable with ERC20 ICO type coins - they face regulatory risk from SEC hammer on their heads.

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Board Speculation (Altcoins)

Re: I have 250 ETH, Hold or SELL?

playingpoodles

on 31/08/2017, 15:22:11 UTC

I don't have any eth and will buy some shortly. I wouldn't sell right now, I think it's looking better than it has in two months for eth. I mean portfolio management is your choice, but I sense a strong rest of the year for eth. I was definitely sour on eth versus bitcoin in the two months up til now, but not now, I'm positive on both now, possibly eth even more in the short term.

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Board Service Announcements

Re: [ANN] OpenLedger - You are in Control doing it "Smart Trading Decentralized"

playingpoodles

on 14/08/2017, 15:49:14 UTC

1. I'm not trying to be combative, but I really do think the constant, and repeated ad nauseum, visuals advertising OpenLedger related matters by the dev in this thread is offputting - Bitcointalk is for community discussion, and I think people coming to it don't expect it to be kind of a Twitter plus visuals and I think would be turned off by this.

2. When I click https://openledger.io/deposit-withdraw/ this does not load a page, and after a pause returns to openledger.io . So I can neither deposit or withdraw - tried in two separate browser. Is this a temporary problem, or am I doing something wrong?

Regards,

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Board Announcements (Altcoins)

Re: [ANN] Zcoin (XZC) - Implementing Zerocoin technology for financial privacy

playingpoodles

on 01/08/2017, 13:21:28 UTC

I'm mostly out of Zcoin so I don't take too much interest these days, might have lost somewhere in the region of $200, but overall feel very lucky not to have lost substantially more. I said months ago to devs to focus on working wallet over and above MTP, I suppose the failure of MTP wasn't foreseeable then, but nonetheless it made no sense to me to spend dev time on MTP when people were losing lots of Zcoin because of the wallet.

In my case, with the old wallet I lost one or two coins. I was facing losing 50 which made me nervous, but somehow the transaction went through and it ended up on Bittrex - but there was lots of luck in that, the 2 I lost never returned. That was the old wallet, and it was the first time I went WTF with Zcoin.

Read the last 50 pages of this forum. People certainly HAVE had lots of problems with the "new" wallet. Certainly not safe in my opinion. I haven't heard anyone whose had a problem with Coinomi mobile wallet though - so if you're sure you want to be in Zcoin, and don't want it on Bittrex, Coinomi might be the only safe option (but test if first, with a coin or two). Personally, I see risk of wallet failure much higher than risk of Bittrex defulcating and stealing our Zcoin. I personally couldn't be bothered to hold off exchange for my small holding.

Quote from: awill333 on July 31, 2017, 06:49:03 AM

Just to reiterate, in case my previous posts were not seen by the reader, I had a problem with zcoin the other day. I was testing mint zero coin function from the GUI wallet, I minted two 50 coin increments of zerocoins. One of the the procedures worked fine. I have included the data from both of the mint zerocoin transactions because I am not entirely sure which one was received and which one was not. It is all a bit confusing.. However, I am no idiot and actually I was in the moment of doing testing for software that I am devleloping that was to include zcoin support.

I wrote a post on this forum explaining my problem and instead of receiving any help I was simply directed to private communications and then re-directed to "slack" to talk to "the developer". I did create an account there but now I am having problems logging into it which is also quite infuriating. Did I mention that over the course of loading and reloading and reloading and reloading the blockchain from a non corrupt and working-just-fine wallet I have used well over 30 hours of my personal time. Time which I could have been working on my own projects implementing coins that function as promised. This wallet is nothing more than a piece of beta test software that was unleashed on the public so we could be "guinea pigs". After having a problem logging into slack I have become quite infuriated about this whole situation. I have wasted so much of my time on it now without any consulting with "the developer", that my time is more valuable to me than the stupid 50 zcoins that were lost. That doesnt amount to much more than $300 while if I was being paid even a pathetic low wage for my applied efforts regarding this particular problem it would be well over $1000. (at an insultingly low / hr wage btw).

I am not getting paid to develop zcoin, nor am I getting paid to lose my money and help the "developer" (who is claiming a founders fee of 20%) to make his code better. The facts are simple, I compiled this software from the source code myself as I do with all of the other wallets that I have been testing. The result was a _horrendous_ amount of "warnings" I am surprised it even compiled! They were warnings from broken libzerocoin not my fault. the other daemons I have compiled since was zero warnings. It is no surprise the coin disappeared, I should have realized the score when I compiled.

Why am I writing this text now? There are a few reasons I am wasting even more of my time and haven't quite written this off as a loss yet. One is in hopes somebody can provide me some INFORMATION as to how to GET MY COINS BACK because nobody has bother to do so. I have not had a single question answered, only a redirect to another confounded situation. I believe the answer to my statement of "not agreeing to move the conversation behind close doors" was something along the lines of "we may require your private keys" . And just what makes you think that I trust you, "the developer", or SLACKs unsecured messaging system with my PRIVATE KEYS? Are you all insane or do you think we are all just so stupid we will use software that has 50% FAIL when minting zero coins. Yes, I minted 4 parcels of zero coins two of them were 50xzc parcels and the other two were 1xzc portion. 2/4 (50%) mintings were lost. This is not my fault the wallet is bullsh*t.

I would like to take a moment right now to publically apologize to PLAYING POODLES because I publically talked rudely to him when he was simply expressing the dissent of the slipshod modality being applied by these "developers" and using our loss as their gain. That software never should have been released on the public and there is NO WAY it should have a version number as high as it is. That is EXTREME BETA software AT BEST. It should show up with WARNINGS THAT YOUR COIN MAY VAPORIZE and if so YOU WONT RECEIVE HELP WHEN YOU ASK DIRECTLY FOR IT.
Prove me wrong by answering my questions. WHERE THE F*CK ARE MY ZCOINS? This is more of a public service at this point than an expectation of getting my coins back. I refuse to transmit private keys over unsecured systems and I refuse to trasmit same to parties I DO NOT know OR TRUST.

I was all about Zcoin and I sold all of the bytecoin and every coin that I had to stock up on Zcoin exclusively. I started writing software for zcoins implementation to real world function. I wont mention what I am selling all of my zcoin right now to trade so nobody thinks I am here for the selfish interest. After seeing the code (I am now using) for the daemon compile without any warnings, code that is far more complex, I have much more faith that that software will not lose my coins. AND THEY WARN YOU WHEN THE WALLET IS BETA.

so this is a word to the wise. I hope if you plan on investing in zcoin you try MULTIPLE MINT ZERO COIN TRANSACTIONS because the developers DID NOT SUFFICIENTLY TEST THE MOST IMPERATIVE FUNCTION OF THE WHOLE SYSTEM !!!!

Yes that is severe and all capitals but if you think I am watching clowns throw away my money because they wrote sh*tty code and not complaining about it, that is just crazy.

=====================================================================================
---wallet info:

Status: 1401 confirmations
Date: 7/20/17 13:42
Debit: -50.00 XZC
Transaction fee: -0.01 XZC
Net amount: -50.01 XZC
Transaction ID: fe49fc5a9dd8595b4ed92722ab1e5a98e2b00b0198c17831e863eb96b6e74d63

---cryptoid.info:

Details for Transaction
Hash   fe49fc5a9dd8595b4ed92722ab1e5a98e2b00b0198c17831e863eb96b6e74d63
Block Height   44089 (1401 confirmations)
Block Date/Time   2017-07-20 20:48:47
Total Output   56.51026806 XZC
Fees   0.01 XZC

Inputs
Index   Previous output   Address   Amount
0   ec55d5424a451705...:1   a6ye1FUJAeXjVuF5E6gLq5yzuR7ENxw2D3   6.54026806 XZC
1   cf662a5d8a63e5b2...:1   aJHDQJqCEEAN9Yj7XrYFKVznu5MFzpviCm   49.98 XZC
Outputs
Index   Redeemed in   Address   Amount
0   Anonymous   MARKER19fc0192548d1b4d71ec456c3fbdf7bf90fd9c6f884bcc74633741e7ba8392cfdd2fb6c80 924e9f1bfcafdf7dd118c283f3c35ce9f36f8ab171d55df8d0394aa988e5cca333e8849dc5a0103 503c6a4fea181a3abd5bd940bf41be14998136f2d7834182b3dbd500e180d59b837ee047e14305a 2f4addc02704c40c4dbebdb29   50.0 XZC
1   Not yet redeemed   a5ELK3GdkEFuzwsrnAfQYKzHUSbEQaTaes   6.51026806 XZC

=====================================================================================

---wallet info:

Status: 1391 confirmations
Date: 7/20/17 16:59
Debit: -50.00 XZC
Transaction fee: -0.01 XZC
Net amount: -50.01 XZC
Transaction ID: 1e285701633d76afd1f0167332b7ade372ecf71e1cdfa1e27345d3e19df6fc9b

---cryptoid.info:

Details for Transaction
Hash   1e285701633d76afd1f0167332b7ade372ecf71e1cdfa1e27345d3e19df6fc9b
Block Height   44099 (1391 confirmations)
Block Date/Time   2017-07-21 00:24:26
Total Output   57.9754676 XZC
Fees   0.01 XZC

Inputs
Index   Previous output   Address   Amount
0   ecec6376b7dc4553...:1   aJHDQJqCEEAN9Yj7XrYFKVznu5MFzpviCm   57.9854676 XZC
Outputs
Index   Redeemed in   Address   Amount
0   f1359b7446538a6a...   a8NsNQRox1fa3cEs8pKePq9nRNbTps5sP6   7.9754676 XZC
1   Anonymous   MARKER4b7ae75aafd08f3409576e92f6b69cb32e5365484a25156d8833b242b315c3d0bb6b980bf b482dd07ab958786ddc698e2f48c5fe7ca4c7be12aa058003e41c563e3c545cd5d47602b297b680 cb546115220e300d3d1081ae70759375426feb5b3b4d9b71ce70215ac036263a3e4fd61421fdec7 1d1afe1182235817a0372268800   50.0 XZC

=====================================================================================

Address of supposed zcoin receive, present in my wallet, generated as a result of mintzerocoin function. never received anything:

aAXQzvBL56EzkGngZgeQxcBGv9bowY2P5k

wallet info for the address of supposed transaction:
Status: 0/unconfirmed
Date: 7/20/17 16:45
Source: Generated
Credit: 50.00 XZC
Net amount: +50.00 XZC
Transaction ID: b70404e9d07a13f1816e7ad723c31b04d810c998ff3d6571f737909ab25d7281

=====================================================================================

By the way all of these texts were copied out of my wallet and block explorer today, the 30th of July. As you can see the above address aAXQzvBL56EzkGngZgeQxcBGv9bowY2P5k never received ANYTHING although the wallet claims the coins were sent there it was never verified by the network.

So yes expect to be criticized publically when your wallet is eating peoples coins for breakfast. I am deeply insulted by this event. Not because of my measly loss but because of the potential loss for any and all customers who I would encourage to use the software that was being written who may lose an infinity amount of coins minting zcoin with only 50% success. What possible justification can you have to release a product like that on the public other than blatant lies and promises that it "does work" ?

I expect any data to be presented about this subject to be presented publically. THE PUBLIC DESERVES TO KNOW WHY THOSE COINS WERE VAPORIZED AND IF YOU FIX THE PROBLEM OR NOT.
No, I will not give my private keys to any address. If you have advice for troubleshooting (WHICH I ALREADY REQUESTED), you may provide it in knowing that I am a highly skilled and technically oriented person more than capable of troubleshooting this problem if you have any information that I do not currently have such as where the f* is my money.

Post

Topic

Board Announcements (Altcoins)

Re: [ANN] Lykke - Semi-decentralized Exchange on the Blockchain

playingpoodles

on 21/07/2017, 03:00:37 UTC

I suppose if there were some actually relevant news, like Lykke had received ANY license to trade other than a "Vanuatu brokerage license" the LKK price would react. But while I believe Lykke's US rep went so far as to anticipate imminent US regulation in the months ahead during the online AGM (from his laptop at the airport), I view this as unsubstantiated, unprofessional and misleading. He doesn't know IF AND WHEN US regulators will give him approval. What if they do not? What is Lykke's business case then?

This is how a lot of regulators I know work: You apply for a license. They examine your application, and if they're favourable or unfavourable they'll give preliminary written feedback, which of course is market sensitive information and will be immediately released by the company in question. Then later the regulator usually - not always - follows up with a final determination granting or not granting, as the case may be.

Lykke has "got people on it". How we get from that to publically stating likely timeframes within periods of months I don't know - or rather I do: that's what the person promising speedy regulatory approval hopes for. What you hope for isn't likely, and shouldn't be presented to investors as such. I think Lykke's hopes of licensing is an example of this. But let's look at another example, the Winklevoss brothers ETF application. It was rejected. Then a whole lot of "news" outlets in the crypto space started reporting the "news" that the SEC will "review" its decision. This isn't "news", it's a statutory obligation the SEC must offer to ALL applicants whose applications are not frivolous.

I do not like Coindesk, Cointelegraph or whatever manipulating the true nature the situation (eg. the SEC rejection of Winklevoss' ETF) to paint a picture not really aligned to reality. I like even less Lykke which claims to want to be a major financial exchange doing it. To me it's just like manipulation at every level - on the LKK price which users can't control, and then on the roadmap.