I thought they are making a joke.

First they find themselves "unable" to do a "fair" release just due to this forum not being able to handle the traffic (for some strange reason).

Some hours later, they claim the password protected wallets will be available in the morning, GMT time zone.

There were no wallets in that European morning time.

Then there is this "we got it baby" post on reddit lol and let us not forget their assurances made in the announcement on this forum.


As things finally start, they post three different download links for mac (apple) wallet. As if there is about to be an avalanche of mac users.

Source code for cpu miner.

Follows linux...

The grand finale was a command line windows client. Windows users and the system itself is in a direct opposition to a command line use.  

Also...compiling the source code? Windows? Windows users? Seriously?

For this entire time i was thinking...they are joking...it has to be a joke, but it will harm their credibility nonetheless. It turns out that was their actual "fair for all" "do not worry will provide guides/will give you time" release.

I think the way things were handled (or not handled) deserves them to get a black spot. The credibility of the coin and Max Keiser himself is..well how much of it is left?


Atm the coin is trading at prices surpassing LTC which (guessing!!) hints at pump up action...insider trading amongst each other (early prepared miners) via/with the help of quite some twitter publicity.  
  

edit: minor additions, spelling

 

No.

It is more "bad news" (but expected) from Russia and also some unreliable (yet still better performing than maxcoind developers) online trading platform.  

Mining for the past 8 and a half hours (after a troubled setup) on two i5 computers (CPU) - 0.00000 balance on both.  Seems mining is "out of my league".

Yet given some of the original statements made by the maxcoinproject (of how things will go etc) i seriously question the credibility of them and Keiser himself. 

From: http://www.reddit.com/r/maxcoinproject/comments/1x6k1z/maxcoin_specifications_important/

"we are going to implement an "ASIC protection" feature into MaxCoin. This will work by allowing the blockchain to decide a new hashing algorithm for MaxCoin every x blocks. "

"It's also worth noting that any GPU miner created will not work after the first algorithm switch takes place."



If i understand this correctly, they are trying to prevent (hold back, make it difficult) to GPU mine this coin?

This thread is an "ignore button bonanza" and a scary reminder of just how many useless eaters there are out there in this small world.



 

GCHQ secret unit uses DDOS attack tactics

http://rt.com/news/gchq-ddos-attacks-anonymous-670/

The ignorance of people not bothering to read the first post is astounding.

it is not possible to know

so many people hating.

i ll take that as a good sign

well take the overstock for an example....which only accepts fiat btw...


every purchase via btc on overstock is basically a btc sell order, if u dont have enough demand...enough buyers for btc to at least sustain the value (compared to fiat) on some level...the price will go down...the more of this (payment processor takes the risk) the lower the price, unless the demand increases...yet...why even bother with the fiat then?



 

The fiat money, which overstock actually accepts, has to come from somewhere. This means someone has to go and buy those BTC used to purchase stuff from overstock. So you have an ongoing "circulation" and people buying BTC signifies a demand for it, which means a higher value for BTC, which means "cheaper" (relatively speaking) items on overstock, which means people might be motivated to buy more BTC,...etc

Which also means nothing happens without using fiat money.

And in case people do not buy BTC the price would ofc go down or in case large quantities of BTC are used to "play" with the market. But this second possibility is more of a problem when it comes to top 10 BTC holders.

Well it is not all that bad.

The fiat money, which overstock actually accepts, has to come from somewhere. This means someone has to go and buy those BTC used to purchase stuff from overstock. So you have an ongoing "circulation" and people buying BTC signifies a demand for it which means a higher value for BTC, which means "cheaper" (relatively speaking) items on overstock, which means people might be motivated more to buy BTC,...etc 

Which also means nothing happens without using fiat money.

The credit card itself is based on fiat.

Overstock does not accept BTC for a later use to...restock itself using BTC to pay it's suppliers. Etc...  That would be an actual acceptance of BTC.

What they offer is a way for you to pay in BTC but what they accept is fiat.  

Actually the NOT in the title might be ok.

BTC goes to payment processor which gives fiat to overstock.

So overstock actually accepts fiat.

Am i wrong?

Of all the potential pitfalls mentioned this is the most worrisome one. Far from being FUD or as someone once said "it is not fear porn if you tell someone to move off the tracks when there is a train coming."

The moment BTC (or any alt coin for that matter) would be widely accepted as a form of payment for stuff like grocery, clothes, utility bills, gas, real-estate..etc at that moment the hammer would fall and it always falls the hardest. This ofc is theory since it would not even be allowed to come to such a wide spread adoption.
 
Why?

No taxation.

Let them march (and protest) as long as they pay their taxes. The pigs at the top of the food chain (political and business elite) live off your taxes (and your mindless shopping). A wide spread BTC adoption = a drastic decrease in tax income = no more cocaine and high class hookers for G20, Davos and other such "high level" meetings, no more money to pay for "protection" to police, fire-brigade,  NSA, CIA, FSB...no more money to pay for foreign geostartegic time limited scope limited kinetic actions, no money to drone bomb Yemeni weddings....


Money makers will never sit idle and watch their flock transit to BTC. Given how things are, the flock even helps them. Disgustingly greedy nature of people drives them to use BTC as a speculative instrument. Whatever or whoever Satoshi is, i highly doubt the original intention of BTC was for it to be used for speculation.

If people ever had awareness of what it might do to the baking sector, they would
first: buy and then HOLD
second: go to their bank and withdraw all the money left in there.

They would not sell to make a quick buck at the expense of others. Using bots for trading, hyping, pumping, dumping - makes them same as the pigs.


BTC is not...or....is not just a monetary instrument. BTC is an instrument of war.


Are you ready to fight?


Like in the cartoon - Bugs life....ants are many and grasshoppers are few. Just that the ants from the desert of the real are a bunch of brain dead ass fucks - aggressive, acquisitive, competitive...      

edit: grammar, spelling  

1.Price dropped because the "money makers" simply do not like competition.
2. People are greedy fools and this makes them part of the problem.


Bitcoin in the future being made illegal is also something that can not be discounted as a possibility.


More on 1: bitcoin was suppose to be an alternative to the establishment and not some speculative instrument traded by bots to later...transfer it all back to fiat and make a quick buck from it at the expense of everyone else...not to mention...that as in fiat...also in bitcoin....few own the large majority of it.     

whichever one can be quickly hyped, pumped and later...by design...dumped

like stock market, just with even less oversight and regulations and more "insider exchanges"

Are you using cudaminer?