to Cryptocurrencies: LTC, the most famou Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto! The LTC we are going to talk about today is Litecoin, one famous “altcoin”. Why is it called “altcoin”? That’s because it is a copy of BTC, sharing the same technical implementation principle. Legend even has it that “if the Bitcoin is gold, then Litecoin is silver.” However, what makes LTC stand out from many other altcoins? Let’s take a closer look. In early years, the popularity of BTC brought about a large number of “copycats”, which sprang up like mushrooms. Only a few of them have survived. As of now, there are at least 30 altcoins around the world, such as the Litecoin, Primecoin, Biocoin, Ripple, ZCC Coin, and Megacoin. Among them LTC took the lead as the most famous altcoin. The creator of LTC is Charlie Lee, a talent who graduated from MIT and used to work at Google. Inspired by BTC, he designed LTC in 2011. Although LTC technically has the same implementation principle as BTC, both its creation and transfer are based on an open source encryption protocol, free from custody of any central authority; however, it is different from BTC in that it enables efficient “mining” and faster transaction confirmation even with consumer-grade hardware (2.5 minutes on average). It is said that the LTC network is expected to produce 84 million monetary units. An “altcoin” as it is, LTC has its own mission and purpose, which is to improve BTC. Moreover, LTC is considered as “the cryptocurrency that has most successfully improved Bitcoin algorithm.” Compared with BTC, LTC has three significant features:
The LTC network can process one block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation;
The LTC network is expected to produce 84 million LCT, four times the amount of BTC;
LTC uses the scrypt encryption algorithm first proposed by Colin Percival in its proof-of-work algorithm, which makes it easier to mine LTC on ordinary computers than BTC.
In other words, compared with the cryptocurrency system of BTC, LTC has faster transaction confirmation, higher network transaction capacity and efficiency. Therefore, LTC was able to stand out from many “copycats”. Some BTC players once said: “If you can’t afford Bitcoin, try Litecoin.” The BTC rush has attracted many, and its counterparts, i.e. these “altcoins” represented by LTC, have gone viral as well. According to data from overseas media, the low price of LTC has made China the largest market for LTC transactions. CoinEx, a world-renowned digital asset trading service platform, supports LTC trading, attracting numerous investors to gain wealth. Charlie Lee, founder of LTC, once liquidated LTC in December 2017, “a crazy action” as it was known in the field. He suggested on social media that he had sold and donated all his own LTC yet without providing more details on the quantity and price of the sale. At that time, LTC took on a clear upward momentum as its price once soared to $ 375 before Charlie Lee’s liquidation, an increase of 7000% compared to the beginning of the year. Some investors have wondered if it was because Charlie Lee had lost confidence in the future of LTC that he decided to quit. After his liquidation, both LTC and BTC slumped in 2018, sending the cryptocurrency market to a recession. After the liquidation of LTC, Charlie Lee suggested in an interview that he “regrets selling all Litecoin” because the selling price at that time was lower than the highest level in history in the short run, but he still believed that was a correct decision in the long run. He also mentioned that he would leave this industry after LTC’s success. In what direction will LTC go in the future? Stay tuned. If you have any idea, please follow CoinEx and let us know. About CoinEx As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment and has obtained a legal license in Estonia. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world. CoinEx supports perpetual contract, spot, margin trading and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian. Website: https://www.coinex.com/ Twitter: https://twitter.com/coinexcom Telegram: https://t.me/CoinExOfficialENG
Bitcoin is falling, again, here is why it really doesn't matter.
I've been monitoring /Bitcoin for several months now, watching, speculating, and slowly collecting coins. To date I've purchased or mined Bitcoin, Litecoin, Peercoin, Ripple and Primecoin. Selling off some over time, and putting some personal wins up on the board. I see two major camps here. In the first camp are the folks attracted to 'quick money', they are excited for Bitcoin and hope to time the market, making a quick 5-10x. These are the folks that you see selling right now. You can't blame them, these folks are making (in many cases) life changing money, paying down/off cars, houses, etc. The second camp are what I consider to be the true believers. Those of us that understand that Bitcoin has the potential to change money forever. If you believe that a decentralized digital currency, free from government corruption and controlled by the masses is the future - then you're in this camp. This is no easy road, there are going to be sell-offs, attempted regulation, and major unforeseen disasters. It's not for the faint of heart. We could and probably will lose everything, but IF we pull this off, the results will be unlike anything we've ever seen. I'm printing out my wallets and putting them into cold storage. This sell-off (for me) doesn't matter, is all part of the long bumpy road we must travel. For better or worse I'm in this for the long haul.
Disclosure: The post does not constitute investment advice. By day I'm a Venture Capitalist at Google Ventures. Through Google Ventures I've invested in OpenCoin & ButterCoin. All coin purchases and mining have been done personally.
ULTIMATE CRYPTO FAUCET LIST - Abraham Lincoln and a cool list of cryptocurrency faucets for you and your shibe.
Four score and a couple of months ago a few crypto-faucet winners and losers popped up in my browser... SOME WERE THE BEST HOT DAMN FREE BITCOIN FAUCETS that a person could find and well some were not as fast...During the last decade the worlds developers and programmers brought forth on this planet the crypto-faucet in many different forms. Are all faucets created equal? They are not... Alright I know this isn't the Gettysburg address but who doesn't love Lincoln? Here I have compiled The best Fun and Profitable Cryptocoin Faucet List for you. If you like this list you may use it to sign up for these great faucets and claim Bitcoin as well as many different Altcoins. These are referral links so I might get some fantastic referrals like you in exchange for creating this hopefully useful list. One thing you will need is patience, if you are going to try to get some bitcoins or altcoins for free. it's not really free basically you are being given a very tiny amount of crypto-currency for watching internet advertising or for competing in games or challenges. There are also places you can get paid in Cryptocurrency for completing surveys or doing small tasks. As with anything on the internet you use these at your own risk and do be careful out there in faucet land. Some of these pages have third party advertisers that will have some pretty crazy s**t pop up on you. If you do want to go wandering around in faucet land, Here are some of my favourite bitcoin and altcoin faucets; These are a few of the best i've found for Bitcoin! FREE BITCO.IN - this one pays out daily interest once you have a high enough balance The next seven faucets listed are for COINPOT a handy collector for your faucet claims. They payout quite quickly once you reach minimums. MOON BITCOIN BITFUN BONUS BITCOIN: HINT; this one is great on it's own but it's even better if you find the settings and always claim the average amount! Unless you hit the jackpot this will always bring you more coins over the long run. If you prefer Altcoin faucets these are very wOw! <3 MOON BITCOIN CASH MOON LITECOIN MOON DASH MOON DOGE! MEGA WOW! MUCH SHIBE THANKS! WOW wow WOW MORE DOGE AT FREEDOGE COIN BYTECOIN: tHe recently PINK CRYPTO Here is a site that GETS BONUS POINTS for having a funny name You can claim bitcoin quite often but it takes a long time to reach the threshold unless you have referrals. That's where you come in my friend please help me out and become a referral. Thank you very much! :-) BITCOINKER! - update NOT PAYING as of July 2019 site admin please pay up! Or another site you will need much patience to get a little EtherEum; eThErEuM FAUCET There are some sites that have games! and pay a little bit of coins for hanging out and playing some games. cool. CHOPCOIN BITFUN LOOTBITS! reviews not good probably scam - If you like to claim quite a bit,do surveys, or get free coins through chat you might want to try: FAUCETHUB They give away quite a bit of free Potcoin (POT) as well as other coins such as DOGE and PRIMECOIN If you like Faucethub and it's owner (s)he has another site that pays you for shortening your links: BTC-LINK SHORTENER And this strange little crypto-game(?) is the one featured in the image for this post. While you can deposit to make the 'game' go faster you can also play for free and have the option of earning coins in other ways. WEIRD LITTLE CRYPTO FARM GAME - - after "researching" this one it is probably a "loser" based on reviews found on various forums. That said I'm hangin' in there for now to see what happens. CLOUD MINE FOR FREE - ON EOBOT if you are so inclined. You will need to either claim from their faucet everyday and put it into GHS rental or transfer funds from other faucets to get started just message me here if you are having trouble. This faucet claiming and "cloud mining" is all very experimental and profits are very small. At the end of the day; PERHAPS IT IS BETTER JUST TO OUTRIGHT BUY COINS - Through this exchange BINANCE Who knows if anyone is really making much on this stuff or not. Join one or join them all the more the merrier. So that's the list. I hope all you faucet seekers or curious browsers find it useful and or interesting. Good luck out there and if you have any questions about any of them please feel free to message me. All the best in your search for freedom and equality! *don't forget to upvote!
It would have been too much to ask Satoshi to think about a better way to reach consensus than Hashcash at the time he came up with Bitcoin, I believe...but there are now obviously better ways than Hashcash.
As per the scenario of success of Bitcoin, many cryptocurrencies have comes in the picture such as Etherium, Litecoin, Dogecoin, Ripple, Peercoin, Primecoin, Namecoin, Quark and more. These are the just example but as a matter of fact, there are hundreds of cryptocurrencies available and also, on the other hand, new types of cryptocurrencies keep coming regularly. All those types of cryptocurrencies are based on the original Bitcoin source code. Out of them, each cryptocurrency is run on the basis of cryptographic record known as the blockchain. For the past couple of years, the use of cryptocurrency has been raised and also raising day by day. This increased use has made the demand for many cryptographic wallets and also bitcoin storage apps. It would not surprise if the growth of cryptocurrency multiplies to itself what it is now. The main reason behind of growth in cryptographic wallets and bitcoin trading apps is its decentralization. Decentralized Blockchain Development is trendy at present and will remain in the future also with the rising usage of bitcoins and other cryptocurrencies. The most trending word like cryptocurrency is derived from the term cryptography which means to encrypt transactions. Cryptocurrency has become global in Markets such as Banks, Governments, Companies and many more. Our motive is to convert the imaginary ideas into reality and to bring the ideas in the digital and in the mindset of local people. Digital money is what going to capture the market and nowadays it is known as the cryptocurrency. Our Experts provides the best ideas and solutions by their huge experience in the industry. Our development company provide stable, scalable and secured in terms. Also, We are Including with Blockchain services such as consensus algorithms, wallet creation, wallet APIs, and blockchain explorer creation. Best Cryptocurrency Development company in canada Our team of cryptocurrency development is expertise in developing cryptocurrencies with different blockchains, like Ethereum based, Litecoin fork, and Monero fork. We have continued working with the best cryptocurrencies developers around the world, gaining experiences to create unique solutions for your requirements. Tokyotechie takes pride in being one of the leading Cryptocurrency Software Development to create a smooth and Flexible Cryptocurrency software. Considered as the money which will use in the future, cryptocurrency is a digital asset developed to work as a reliable and flexible medium of exchange. Cryptography secures all types of Cryptocurrency transactions. With Bitcoins global success, numerous cryptocurrencies are entering the market and also have become popular for online investment. Tokyotechie assists the entrepreneurs and enterprises with integrating of cryptocurrencies into their legacy system. Our Cryptocurrency Development Services will allow you to create your own cryptocurrency that will enable you and you will start to trade them as utility tokens or security tokens. Cryptocurrency Development Services TokyoTechie.com may well be a number one Cryptocurrency Development Services in canada ,Up to date with every new technology and innovation in the blockchain world, Our Expertise team is focused on building an outstanding computer-based protocol. Our Cryptocurrency Development consists of :
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Tokyotechie has an unbeatable reputation in the world of cryptocurrency development services. Our expertise in the cryptocurrency coin creation would help to build a secure, stable and independent digital currency tailored to your specifications. Our Cryptocurrency Development Services Bitcoin Wallet Application Development We are a result-driven emerging IT organization dedicated to providing the best Bitcoin Wallet Application Development services. Our Expertise and Skilled developers have excelled in building Bitcoin wallet applications. Bitcoin Exchange Platform With an entrepreneurial mindset, if you wanted to be part of this massive technological revolution, then you should build your own Bitcoin exchange platform on priority. We can help you build a customized and excellent, fully branded and white-label service to start your own Bitcoin exchange within a short couple of days. Blockchain, Smart Contracts, and Development We are holding a pool of skillful Blockchain developers’ who have a huge experience in building cryptocurrency wallets that run flawlessly and smooth flow on Blockchain. We have also likewise some special expertise in Decentralized App Development and Smart Contracts. ICO Development Services We provide all-inclusive development support for your ICO. From conceptual token design and ICO smart contracts to website deployment and also maintenance of infrastructure for your ICO campaign.
Duffsplaining: An Outline of Excuses for Dash's Intentional Instamine
This spec defines behavior for Dash ShillBot(tm) NPC scripts to follow when triggered by negative opinions about Dash's Instamine.[Please contribute your own observations of Dash NPC behavior in the wild.] I. Ad hom A. "only trolls care about and want to discuss Dash's instamine" _1. "trolls are terrible people so whatever they say isn't as important as discussing their motivations for saying it" _2. "trolls are paid by interests threatened by Dash's superiority" ___i. "Fluffypony & Church of Monerro fanatics" ___ii. "Blockstream Core & BTC maximalists" ___iii. "Bilderberg & BIS gnomes" ___iv. "Craig Wright & BSV faketoshis" II. What-abouts A. "what-about Litecoin's Instamine?" _1. "the cover-up of Litecoin's Instamine is proof of how awful it really was" _2. "there is a vast conspiracy to use Dash's Instamine as a distraction, as part of an even greater conspiracy to cover-up Litecoin's Instamine" ___i. "this conspiracy is directed by Charlie Lee, his brother Bobby, and all the powers lurking behind Coinbase" ____a. "the fact that Dash isn't on Coinbase (but LTC and ETC are) proves they are all in cahoots to keep Litecoin's Instamine a closely-guarded secret" B. "what-about Bitcoin's Instamine?" _1. "Satoshi's unmoved coins are exactly like, yet also even worse than, Evan's instamine" _2. "Bitcoin's 2009-10 emissions were as bad but also worse than Dash's instamine because hardly anyone knew about BTC, so that made it less fair than Dash's midnight ninja-launch" C. "what-about Monero's Cripplemine?" _1. "since another coin had issues with their launch, it's completely illegitimate to have or express any concern about Dash's instamine" _2. "the relative percentages of 1st year emission taken by cripple/insta mining doesn't matter; what matters is that there was any issue at all" ___i. "it also doesn't matter that reducing Dash's total emission and putting the Instamine into masternodes would greatly exacerbate distribution centralization" III. Frame Control A. "we can't say Dash was insta-mined because that sounds too much like scam-mined; we have use the term fast-mine, bug-mine, or some other euphemism" B. "we can't say Dash instamine was intentional because the Dash community strongly believes Evan's Dash Instamine was an accident" C. "was Dash's Instamine a good thing?" _1. "the Dash's community voted on an obscure BitcoinTalk sub-thread to keep the instamine" __i. "it doesn't matter how sketchy and manipulative the conditions for that pre-determined vote's outcome were" D. "the instamine has been discussed to death; it's boring old news and beating a dead horse" IV. Duffield Dindoo Nuffen A. "Dash's Instamine was caused by a bug from Litecoin" _1. "Evan is innocent because Charlie Lee is to blame, and/or" B. "Dash's Instamine was caused by a bug from Primecoin" _1. "Evan is innocent because Sunny King is to blame, and/or" C. "Dash's Instamine was caused by a bug from Evan's lack of sleep, inexperience, drug abuse, and incompetence" _1. "Evan is innocent because he's just a dumb ginger kid"
Abraham Lincoln, A Fun List of Cryptocurrency Faucets and Gaming for Coins!
Four score and a couple of months ago a few crypto-faucet winners and losers popped up in my browser... SOME WERE THE BEST HOT DAMN FREE BITCOIN FAUCETS that a person could find and well some were not as fast...During the last decade the worlds developers and programmers brought forth on this planet the crypto-faucet in many different forms. Are all faucets created equal? They are not... Alright I know this isn't the Gettysburg address but who doesn't love Lincoln? Here I have compiled The best Fun and Profitable Cryptocoin Faucet List for you. If you like this list you may use it to sign up for these great faucets and claim Bitcoin as well as many different Altcoins. These are referral links so I might get some fantastic referrals like you in exchange for creating this hopefully useful list. One thing you will need is patience, if you are going to try to get some bitcoins or altcoins for free. it's not really free basically you are being given a very tiny amount of crypto-currency for watching internet advertising or for competing in games or challenges. There are also places you can get paid in Cryptocurrency for completing surveys or doing small tasks. As with anything on the internet you use these at your own risk and do be careful out there in faucet land. Some of these pages have third party advertisers that will have some pretty crazy s**t pop up on you. If you do want to go wandering around in faucet land, Here are some of my favourite bitcoin and altcoin faucets; These are a few of the best i've found for Bitcoin! FREE BITCO.IN - this one pays out daily interest once you have a high enough balance The next seven faucets listed are for COINPOT a handy collector for your faucet claims. They payout quite quickly once you reach minimums. MOON BITCOIN BITFUN BONUS BITCOIN: HINT; this one is great on it's own but it's even better if you find the settings and always claim the average amount! Unless you hit the jackpot this will always bring you more coins over the long run. If you prefer Altcoin faucets these are very wOw! <3 MOON BITCOIN CASH MOON LITECOIN MOON DASH MOON DOGE! MEGA WOW! MUCH SHIBE THANKS! WOW wow WOW MORE DOGE AT FREEDOGE COIN BYTECOIN: tHe recently PINK CRYPTO Here is a site that GETS BONUS POINTS for having a funny name You can claim bitcoin quite often but it takes a long time to reach the threshold unless you have referrals. That's where you come in my friend please help me out and become a referral. Thank you very much! :-) BITCOINKER! - update NOT PAYING as of July 2019 site admin please pay up! Or another site you will need much patience to get a little EtherEum; eThErEuM FAUCET There are some sites that have games! and pay a little bit of coins for hanging out and playing some games. cool. CHOPCOIN BITFUN LOOTBITS! reviews not good probably scam - If you like to claim quite a bit,do surveys, or get free coins through chat you might want to try: FAUCETHUB They give away quite a bit of free Potcoin (POT) as well as other coins such as DOGE and PRIMECOIN If you like Faucethub and it's owner (s)he has another site that pays you for shortening your links: BTC-LINK SHORTENER And this strange little crypto-game(?) is the one featured in the image for this post. While you can deposit to make the 'game' go faster you can also play for free and have the option of earning coins in other ways. WEIRD LITTLE CRYPTO FARM GAME - - after "researching" this one it is probably a "loser" based on reviews found on various forums. That said I'm hangin' in there for now to see what happens. CLOUD MINE FOR FREE - ON EOBOT if you are so inclined. You will need to either claim from their faucet everyday and put it into GHS rental or transfer funds from other faucets to get started just message me here if you are having trouble. This faucet claiming and "cloud mining" is all very experimental and profits are very small. At the end of the day; PERHAPS IT IS BETTER JUST TO OUTRIGHT BUY COINS - Through this exchange BINANCE Who knows if anyone is really making much on this stuff or not. Join one or join them all the more the merrier. So that's the list. I hope all you faucet seekers or curious browsers find it useful and or interesting. Good luck out there and if you have any questions about any of them please feel free to message me. All the best in your search for freedom and equality!
Here Are The Grades (or Ratings) of Over 100 Cryptocurrency Projects
Here are the results of over 100 cryptocurrency projects. In the end, the project either made it or it didn't. That means that if the projects was NOT an A, it simply didn't make the cut. This scale can be misleading because one project may have been rated a C and a "better one" could have a D. This could happen because a project may have initially started out as a B and then after some more research, it could have been downgraded to a D. While a C could have remained a C because it was already low on the list. I did not include A's and B's for a couple reasons. The primary reason is that I don't want to be called a shill for no reason. If you don't see your coin on here, it could mean I never came across it, it wasn't worth putting on my list, or because I graded it an A. If you have any questions about a particular project, or want to know why I graded a coin the way I did, let me know. In the end, it will always boiled down to how you feel about a project. Time and time again I came across big talk, dream sellers, with nothing to back it up.
Overall Grade (worth keeping an eye on?)
C Ethereum has A LOT of issues. POW but soon POS? No cap what-so-ever. Too many issues. Mine it then sell it.
Abstract Merged mining refers to the concept of mining more than one cryptocurrency without necessitating additional proof-of-work effort. Merged mining was introduced in 2011 as a boostrapping mechanism for new cryptocurrencies and countermeasures against the fragmentation of mining power across competing systems. Although merged mining has already been adopted by a number of cryptocurrencies, to this date little is known about the effects and implications. In this thesis, we shed light on this topic area by performing a comprehensive analysis of merged mining in practice. As part of this analysis, we present a block attribution scheme for mining pools to assist in the evaluation of mining centralization. Our findings disclose that mining pools in merge-mined cryptocurrencies have operated at the edge of, and even beyond, the security guarantees offered by the underlying Nakamoto consensus for extended periods. We discuss the implications and security considerations for these cryptocurrencies and the mining ecosystem as a whole, and link our findings to the intended effects of merged mining. Bibliography  Coinmarketcap. http://coinmarketcap.com/. Accessed 2017-09-28.  P2pool. http://p2pool.org/. Accessed: 2017-05-10.  M. Ali, J. Nelson, R. Shea, and M. J. Freedman. Blockstack: Design and implementation of a global naming system with blockchains. http://www.the-blockchain.com/docs/BlockstackDesignandImplementationofaGlobalNamingSystem.pdf, 2016. Accessed: 2016-03-29.  G. Andersen. Comment in "faster blocks vs bigger blocks". https://bitcointalk.org/index.php?topic=673415.msg7658481#msg7658481, 2014. Accessed: 2017-05-10.  G. Andersen. [bitcoin-dev] weak block thoughts... https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-Septembe011157.html, 2015. Accessed: 2017-05-10.  L. Anderson, R. Holz, A. Ponomarev, P. Rimba, and I. Weber. 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[serious] About reddit, dogecoin, doges.org and our future
hi everyone, AS THE POST IS BIG, IMPORTANT THINGS ARE BOLDED, SO YOU CAN HAVE A SNAP SHOOT BEFORE READING IT ALL I'm new here. I mostly hang around in the IRC channel. I come to talk about something that seems not important, but IT is VITAL for the existence of dogecoin, and to our space travel to the moon. Much has been said this month. Merged mining, FUD, problems with the mining model, etc, etc. Also, we have seen a big price drop, so many people here, including me didn’t like that very much, as we are also investing in dogecoin in the long run. All this things caused bad feelings, anxiety and all sort of shit. We need to keep united, as one, as real shibes do in the moments of difficulty. So, I want to talk about many things. About the dogecoin price, how the market is manipulated, plans for the future and etc, but mostly, I want to talk about reddit and why, in my view, we need urgent a forum for the dogecoin community, like bitcoin has bitcointalk.org. Look, DON'T get me wrong. I loooove all of you shibes, the people here on the reddit website is really amazing, you guys rock. You guys rock so much, that I bought millions of dogecoins, as I was excited by this wonderful and vibrant community. The problem is not the dogecoin reddit members, the problem is reddit as a software itself. I will explain better. Reddit is not a forum, it's like a news, hot topics website. On reddit, quality posts that are on the homepage get lost in less than a week, as our fellow shibe says here also http://www.reddit.com/dogecoin/comments/23vhld/this_sub_is_not_friendly_to_newcomers_its_a/ so basically, REDDIT WAS GOOD in the beginning, because it was easy to fill up the homepage(a lot of us are web developers and we know how internet marketing/promotion works), but now, this thing is going against us, because all quality posts are getting lost! This, in the long run, can be a real problem, we are losing hundreds of thousands of good quality text, because our community is based on reddit. another point that i want to make is, by being a sub on reddit, we are vulnerable to all sort of voting/posting manipulation from other reddit members, that are not necessarely a dogecoin community member. this may sound a bit paranoid, but is well known fact, that because dogecoin became so popular amongst the crypto currency world in general, it is attracting a LOT OF HATE, a lot. All the creators of the older coins, like litecoin, primecoin, peercoin, not to mention the new ones also, like blackcoin, etc, etc, are like, wtf? this doge comes from nowhere and....So, in face of all this, I say we need our own place in the internet, we don't need to be a sub any longer. We are doge,we are big, we deserve more than this. Another thing that i have against reddit, is this voting system.I mean, is cool somehow to have 1(one) or 2(two) hot topics from the dogecoin community, in the reddit homepage, like a fundraising, something special. But, c'mon, should we vote all posts that are made? we have to keep voting, keep voting, keep voting...cmon! we have better things to do! we are losing precious time with this voting thingy, we should be concentrating our efforts in how to spread the voice about doge, how to make the community bigger, etc, etc. Another point i want to make, is that we should observe the success of others, and "copy" the good things of them. Let's take bitcoin, as an example. Bitcoin is very successful indeed and I have to say that the forum bitcointalk.org has played a big, huge role on that success, without that forum, bitcoin wouldn't be the same. If you browse that forum, you will find how the members of the community easily interact and are able to build an "ecosystem", a lil world of its own. Some people may say, "hey! we have a forum already! doges.org." no, that is not ok. doges.org wasn't made with jackson or billy consent, and that, in my view is a big lack of respect. Satoshi nakamoto, the creator of bitcoin, was actively posting on bitcointalk.org since the creation of it. In my view, the forum we need, is an official one, one that jackson and billy are there with us, like they are here, on reddit. And just to make things worst, i found out today that a certain moderator from doges.org is a WELL KNOWN THIEF/SCAMMER, nickname Drexme. They say that the site was sold now to the usenickname Dogedealer, but nobody knows who is Dogedealer, could be connected with Drexme, which was the previous owner, actually they could be the same person. The fact remains that Drexme is still a mod at the doges.org, and that is really bad. And to make things really, really worst, along with the new “design” that dogecoin_com received, doges_org is now listed in the homepage of dogecoin_com…Cmon Jackson, are you going to let a well known scammer be the owner of the main forum of our community? this must be a joke… We need to convince the creators of Dogecoin to host a copy of Simple Machines(open source forum software). It can be even a subdomain, we don't even need them to spend money with registering a new domain. It could be: forum.dogecoin.com. That would be the perfect solution, IMHO I'm NOT saying we should "terminate" with the reddit sub. We can still keep the reddit "sub", but really, as a sub. keep it, as it supposed to be. to "re edit" HOT topics from the dogecoin community (perhaps from the best posts from the official forum and other sources, etc). I know the veteran reddit users don’t like much this when i say it, but the fact remains that dogecoin needs its private forum. I want to talk a lot more in the future, about the price manipulation that is going on right now and also a lot of other ideas i have to make our community stronger and make us the number one crypto currency in the world, but right now, i think i will just stick to this forum/reddit/community area issue, as I see critical, perhaps i will talk about the other topics at forum.dogecoin.com? i HOPE SO :). give me your feedback, we really need to discuss this with everyone, including the creators of dogecoin. Please, don't let this post die, be forgotten or end up in the oblivion. If you like what you read and you agree with me, keep this topic alive, speak with other shibes about it, idk, do whatver it takes to acomplish this mission. I personally won't give up, WE ARE SHIBES, WE ARE BIG, WE ARE ONE.
CMV: Anyone Who Believes Vertcoin's Price Will Increase Once Powerful Scrypt ASICs Come Out Doesn't Understand Demand-Side Economics
I see plenty of people speculating that Vertcoin will explode in value once Scrypt ASICs come out. I personally feel otherwise. The Adaptive scrypt-n and Kimitos Gravity well only appeals to miners-the producers. It does not appeal to many people wanting to buy. We will certainly see a lot of miners moving to Vertcoin once their huge GPU farms cannot profit when competing against 200 MH/s ASICs. Now, with a cryptocurrency it is a little different because quantitative supply is static-more people mining it only reduces the amount each person gets. But more people will likely be selling mined Vertcoins as they are desperate to pay off their investment in GPU farms. So the effective supply would be higher due to increased pressure to sell by new miners.They will be willing to sell at any price as long as they can pay off electricity- any less, and they will stop mining and sell off their video cards. But what people seem to fail to understand is that supply does not drive demand. Unless Vertcoin does something to appeal to others besides miners, there will be no increase in demand. All we will see is an increase in supply(due to more being sold, the actual "supply" is static, but the traded amount would increase), no increase in demand. This would lower prices. The people with dozens of video cards aren't looking to buy Vertcoin, they're looking to mine and sell it to make a quick buck. There is NO increase in demand resulting from this. Just look at Primecoin, mining that is horribly unprofitable. While AFAIK its only mineable by CPU, without free electricity you're mining at a loss even on a nice I7 CPU. This is a related example of how supply of a crypto-currency does not drive demand. It does not matter how "fair" or "useful" the mining is, if no one has any reason to buy it in the first place. We can continue to advertise about how great our coin is, and pressure merchants to accept it, but we won't get anywhere. It just doesn't compete with the age of Bitcoin, the culture and size behind Dogecoin, or the size behind Litecoin. We need to do something big that appeals to everyone, and makes us the next big thing. ASIC resistance should just be one of our big perks. Without demand, the coin is worthless.
Proof of Stake and Peercoin's Historic Significance
Bitcoin, Namecoin, and Peercoin are first attempts at solutions to important, long-standing problems. Bitcoin is the first decentralized cryptocurrency. Long before bitcoin existed, people believed that the problem of decentralized cryptocurrency was important. Namecoin, as far as I know, is the first decentralized DNS system. Again, long before namecoin existed, people hoped for a decentralized DNS system. Peercoin is the first decentralized cryptocurrency based on proof-of-stake. Peercoin's inspiration is the 'tragedy of the commons' associated with PoW mining. The 'tragedy of the commons' problem in mining has a history dating back to this thread in Nov 2010. People began searching for a solution before peercoin existed and before the term of proof-of-stake had been coined. When I found out about bitcoin (March 2011), it sounded awesome to me. Proof of stake was not a term yet. In April 2011, I became aware of the the tragedy of the commons problem. I saw it as a nail in bitcoin's coffin and I still see it this way. Discovering proof-of-stake got me excited again. The beauty of PoS is that it does not require miner rewards to function. With proof-of-stake, the tragedy of the commons doomsday scenario becomes a non-issue. Sure they may be no txn fees, but so what? If you are using PoS this is a great feature. If you are using PoW low fees are a showstopping bug. Once I learned about proof of stake, I saw possibilities: 1) Bitcoin adopts proof-of-stake (or some other rule-breaking alternative) and remains dominant in the long-term. 2) An altcoin adopts proof-of-stake and remains dominant in the long-term. Personally, I see exit to a new cryptocurrency as much more likely. The political challenges of rule-breaking changes in bitcoin are just too daunting. If you need to rewrite the rules, starting from scratch can be a valuable asset. Today, few people understand that the proof-of-stake idea came out of the debate about the tragedy of the commons problem. If you haven't done so already, I recommend reading one of the most influential threads in the history of bitcoin talk: the tragedy of the commmons thread by Vandroiy. Vandroiy's thread attracted a lot of interest, but did not really make any progress towards a solution for two months. Things changed when Quantum Mechanic posted the thread "proof of stake instead of proof of work" (https://bitcointalk.org/index.php?topic=27787.0). Quantum's thread is the first instance of the term 'proof of stake' in the bitcoin community. It may be the genesis of the concept as well. Quantum suggests that proof of stake could allow for lower txn fees. Quantum's concept of proof of stake starts to gain traction once it appears in Vandroiy's thread. Quickly, Vandroiy, Meni, myself, and others realize that proof-of-stake is the likely solution to the tragedy of the commons problem. From this point on, I make it a personal mission to promote proof-of-stake cryptocurrency. To date, proof-of-stake remains the only proposed solution to the tragedy of the commons problem. With peercoin's arrival in Aug 2012, we have seen this solution realized. Bitcoin devs have spent three years searching or an alternative answer, but have yet to even propose anything. The tragedy of the commons problem matters. Gavin has often said that a working market for txn fees is perhaps bitcoin's most pressing development issue. This is just a different (and less dramatic) way of referring to the tragedy of the commons problem. Game theory I learned in school told me that bitcoin has 0% chance of remaining valuable in the long-term unless the problem is fixed. If bitcoin can't be valuable in say... march 2050, then why would it be valuable in february 2050? Working backward to the present, the implication is that bitcoin's value depends on faith that this will get sorted out. Freicoin and Primecoin also solve novel problems, so they deserve credit too. However, very few people see the motivating problems behind Freicoin and Primecoin as important. The tragedy of the commons problem, on the other hand, is one of bitcoin's most important lingering issues. For the past 2 1/2 years, I've viewed this problem as the number one threat to bitcoin's survival. tl;dr Peercoin offers the first solution to one of bitcoin's most important problems. Can you tell a similar story about the intellectual contribution of litecoin, Quarkcoin, [Insert Scamcoin name here], etc.? Even if Peercoin gets replaced by something else and loses all value, it will still have made history. Nothing can change that. Very few coins can say the same.
Is it worth looking at it anymore? Aside from BTC, ETH and XMR, what else is there that's really worth keeping an eye on? Looks like a lot of cryptocurrencies are dying out/have died out, but there still might be some alive. I'm looking at investing/trading on this partly because of my fascination with cryptocurrencies, and because I have some money in my bank account in the US. Plus - is it worth mining any of those at this point? Not Bitcoin I'm sure unless you've got a computing powerhouse. I'm pretty out of touch with cryptocurrencies since the last time I looked at them was in 2013 and back then Bitcoin, Litecoin, and to a small extent Primecoin were talked about. Of course I thought that was just for fun and boy oh boy was I stupid. On the plus side I have a few Dogecoin though
Cryptocurrency Market - The Biggest Trends to watch out for 2018-2025
New market research study provides an analysis and evaluation of the current and prospective profitability, liquidity and financial stability of Global Cryptocurrency Industry. Cryptocurrency is a digital currency which operates on cryptographic techniques to complete safe transaction. Being decentralized with no governing body/central body involved in verifying transaction, secured protection and producing new currencies are projected to be the major reason for the market growth over the forecast period. Moreover, cryptocurrency’s community which include miners/stakers, developers, service providers, users etc. drive the governance of cryptocurrencies. The positive feedback loop has made the community more homogenous. Globally, cryptocurreny has been selected as digital payment method for the future financial world. These convenient currencies are completely digital requiring online transaction unlike physical cash. Hustle free transaction and deduction in entire ownership cost are few key features propelling the industry. Major drivers include authentication, ease of transaction, complete security, faster international transaction are expected to spur the market growth with steady performance. Moreover, the industry has not been confined with government rules, exchange rates, interest rates or international transaction fee, hence, making the currency more convenient for application. The currencies can also be transferred digitally via devices such as smartphones, since they are completely unrestricted from any centralized bank/authorities. Vendors and consumers prefer virtual money for making payments, henceforth, creating new opportunities for the market growth. Get PDF with Technological trends athttps://www.xpodenceresearch.com/Request-Sample/105813 Tax-free & compliance-free transactions, lesser chances of identity theft & fraud and negligible fee charged for cryptocurreny transaction are few other key elements augmenting the industry growth over the forecast period. Moreover, lack of awareness among the people and stringent rules and regulations for application of robots in various countries is expected to restrain the market growth. The emerging industry is projected to grow over the forecast period with more public awareness and continuous increase of new market players with innovative product/services. The market has been segmented into type of currency, mining types, and application. The type of currency segment includes Bitcoin, Litecoin, Ethereum, Ripple, and others. Mining type is segregated into solo and pool mining. The application segment includes banking, real estate, stock market and virtual currency. Other application for the market includes retail sector, gaming industry, education, logistics & transportation, BFSI, tourism sector, media and entertainment industry. BFSI is expected to acquire the major share followed by retail sector operating on cryptocurrencies. The cryptocurrency mining hardware includes Central Processing Unit (CPU) mining, Graphics Processing Unit (GPU) mining, Field-Program Gate Array (FPGA) mining, and Application-Specific Integrated Circuit (ASIC) mining. ASIC mining can calculate 10,000 times faster than conventional CPU mining. Increasing acceptance and potential growth for this industry have attracted various small vendors globally for competing in the market. Apart from Bitcoin, Litcoin has also gained prominence in the market over last few years, there are plenty of vendors in the market namely as Litecoin, Namecoin, Novacoin, Peercoin, Ripple, Steller, Primecoin, Megacoin, and many others. Geographically, the market is expended across North America (U.S., Mexico, and Canada), Europe (UK, France, Germany, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and MEA (Middle East, Latin America, and Africa). North America region dominates the market owing to the regulations offered by the government. Brazil and Canada are other major regions using cryptocurreny due to rules and regulations Obtain Report Details with technological advancement athttps://www.xpodenceresearch.com/Reports/Cryptocurrency-Market Key market players include Intel Corporation, Microsoft Corporation, Xilinx, Inc., NVIDIA Corporation, 21 Inc. AlphaPoint Corporation , Amazon.com, Inc., Advanced Micro Devices, Inc, BTL Group Ltd.(Blockchain Tech), BitGo, BitFury Group , Coinbase UK, Ltd. Coinsecure, Unocoin, Coinbase, Bitstamp Ltd., Zebpay,, Poloniex Inc., Bitfury Group Limited, Global Area Holding Inc., Digital Limited, IBM Corp, are the other niche players. About Us: Xpodence Research is a U.S. based Market Research Company and offers the most extensive collection of progressive surveying syndicated and customized research reports of various categories for private and public industries across the globe. We offer the comprehensive market research solution for all the industries by performing the in-depth study of industry trends, verticals globally. We believe in building an eternal bond with our customers through providing them inclusive research study both customized and syndicated based on their specific requirements. The organizations in every industry such as Technology, Pharmaceuticals, Consumable Goods, Food & Beverage and others demands a market-based solutions for various significant decisions based on productivity and output globally. 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1- Primecoin is the First non Hash-Cash PoW Crypto-Currency.
"Primecoin is the first to show that a proof-of-work algorithm could exist to compute things other than cryptographic hash functions."
2- Naturally Scarce
Primecoin is naturally scarce (not artificially) -no hard limit and this is crucial for its long term continuity and its ability to adapt to market conditions.
According to the last estimations, the total supply is going to be ~55 Millions XPM. (peercointalk.org) You don't have to worry about inflation, neither facing blunt deflation (encountered in bitcoin/litecoin)
3- Very fast confirmations - 1min/block 4- Elastic supply
ING economist: "A bitcoin algorithm needs to be developed that smoothly matches money supply & demand"
This is hard-coded in Primecoin: difficulty going down gets corrected upwards because miners are encouraged to mine, having more reward subsidy.
When difficulty is dropping (i.e. miners leave the network), reward-revenue is recalculated upwards so that they come back in, ensuring the network security elastically vs price bumps.
5- Primecoin is sustainable
"Primecoin does not use a fixed cap money supply model like bitcoin as described in the primecoin paper, instead its mining output is associate with Moore's Law. It should have much slower drop of mining subsidy than bitcoin in the longer term (10+ years) thus much less affected than bitcoin in terms of risk of low security level. If Moore's law stops at some point then primecoin block subsidy would become relatively constant, rather than tending to zero as in the case of bitcoin (note though primecoin inflation rate is still tending to zero)."
"When the proof-of-work mint rate approaches zero, there is less and less incentive to mint proof-of-work blocks. Bitcoin is insecure."
"Primecoin has still good scarcity property similar to gold while network security is maintained without the need to raise transaction fee."
"Long-term bitcoin security relies mainly on transaction fees. Primecoin realistically would continue to have some subsidy long term, so is less reliant on transaction fees for security."
6- Primecoin is currently the “fairest” coin to mine
"The Primecoin algorithm is ASIC/FPGA hostile, and even GPU mining is not economically viable at the moment. While it is certainly possible to create specialized mining equipment, it is far more difficult and expensive to develop chips for high speed modular arithmetics. In contrast to SHA-256/Scrypt mining, those chips would also be multi-use and could be applied for other purposes after the next generation hits the market. In a sense, Primecoin is currently the “fairest” coin to mine, as it is purely CPU/GPU based. [...] Besides this, Primecoin already offers a number cloud mining providers, which inevitability will be the final stage in the specialized-mining-chip-race. For example, ASIC supplier KnCMiner recently announced not to produce mining rigs for household use anymore, as non-industrial grade power supply is not sufficient."
7- Primecoin can introduce new participants to the new digital economy
"In a Free Market, there's Free Will (and Creativity) as driver for Actions - and fundamentally Primecoin (almost philosophically) provides us with the ability/choice of applying our Ingenuity on Mining."
"With Primecoin, people who like to mine cryptocurrencies have a better choice to mine, to get more benefit out of the mining activity & environmental cost."
"Primecoin complements the goal here as it produces additional scientific value from the consumed energy. So people who like to mine cryptocurrency for whatever reason have a better choice to mine, to get more benefit out of the mining activity and environmental cost."
With Primecoin, you can actually and effectively Innovate and Improve on Mining Technologies and Techniques, on 2 lines: Hardware and Software. This is radically different from hash-cash PoW. In essence you have twice as much possibilities to earn revenues.
8- Proof-of-work cryptos will gradually transition toward energy-multiuse, ie providing both security & technological computing values. And Primecoin is the pioneer in this realm.
"One year after primecoin's public debut, the cryptocurrency designers are still focused on mixing hash functions with hash-cash proof-of-work, or finding ever more 'cpu friendly' proof-of-work; Primecoin's unique proof-of-work remains the first and one of the very few useful and actually interesting proof-of-work designs, that preserves the decentralization property of cryptocurrency."
9- Primecoin has anti-centralization features
Brute force hashing random numbers, under rigid guidelines(the more CPU, the stronger) doesn't work to mine primecoins - there's no known rules to find prime chains.
Elastic reward re-calibration, in real-time (reward gets immediately lower if difficulty would happen to rise)
10- Primecoin captures the Wasted Energy of Bitcoin's Algorithm - The mining is actually useful
"The reason why Primecoin-like “useful POWs” are the most promising is that, if the computations are useful enough, the currency’s “waste factor” can actually drop below zero, making the currency a public good."
"The innovative prime proof-of-work in Primecoin not only provides security and minting to the network, but also generates a special form of prime number chains of interest to mathematical research. Thus primecoin network is energy-multiuse, compared to bitcoin network. Primecoin is designed to sustain a prosperous mining market and high level of security, while maintaining good scarcity property like gold. Primecoin also processes payment transactions 10x faster than bitcoin network."
"Primecoin's proof-of-work is still pretty much the only alternative proof-of-work in production other than hashcash. By alternative proof-of-work, is meant alternative proof-of-work consensus. Interestingly, Primecoin also tries to address bitcoin's energy problem, from a different angle. In a free market, there is bound to be [the] coexistence of energy intensive currencies and energy efficient currencies, meaning, people have free will to consume energy to produce currency for example, mining gold. So Primecoin would demonstrate, such energy consumption can be made energy-multiuse, while preserving the critical decentralization property."
11- Primecoin has direct by-products
"Bitcoin hashing or mining provides no meaningful by-product whereas Primecoin delivers the chains of prime numbers. Primecoin is the first cryptocurrency with such property."
"Prime numbers are very useful. They are important in cryptography, and used in many encryption systems. The larger the list of known primes grows, and as the value of the numbers increases, the security of encryption methods utilizing them improves. Understanding prime numbers is also very important for high level mathematics, physics, and engineering. All non-prime numbers can be constructed from two or more prime numbers, yet a prime number itself cannot be created from any other number. Prime numbers are the building blocks of math. The more we understand about primes, we more we understand about mathematics. The more we understand about mathematics, the more we understand about the universe, and everything in it."
"For example, Primecoin provides financial incentive to these math research (e.g. research about the twin prime conjecture), if your theory advancement can provide a better mining algorithm for Primecoin mining. Twin prime is a special case of bi-twin chain. A bi-twin chain of length two, that is."
"With Primecoin, it's possible to do a proof-of-work consensus other than hashcash and have potential math research along with the fact that FPGA / ASIC development incentive may lead to problems being solved that have never happened before. It's possible, when you have ASIC primality testing chips, the computation capability in these fields would make a giant leap. That could also indirectly help theoretical research."
"Primecoin has delivered. It now holds 5 out of 21 world records in simultaneous prime numbers."
2 potential direct applications of the prime chains from Primecoin network:
Banking on Prime Numbers The prime number chains discovered by the Primecoin network may ultimately make RSA Encryption - and therefore banking in general - more secure by contributing longer prime numbers to use for RSA Encryption; the longer the prime number, the more difficult it is to "break" the encryption.
Hardware Testing & Innovation Since the early days of computing, programs for discovering prime numbers have been developed as a way to test new hardware These by-products include improved computer processors and hardware components, which can be applied to improve computer models used in the science, medical, and engineering industry.
12- Primecoin has been developed by Sunny King, one of the most talented crypto-technologists of the rank of Satoshi Nakamoto
Sunny King along with his team continues to grow Primecoin network and is currently developing a Sidechain technology for Primecoin, that is a common infrastructure to make it easier for developers to create decentralized and distributed data applications (of the sort of: namecoin, storj, peershare, datacoin )
Bitcoin, Litecoin, Ethereum And The Rest! a couple of years ago ... I think I went as far as mining a few hundred coins and then put it aside. Fast forward to the present and what a mistake I made when I put aside Bitcoin as that account would be worth hundreds of thousands now! I recently had a conversation with a dear friend who has advised me not to get involved with the crytpcurrency ... Primecoin (sign: Ψ; code: XPM) is a peer-to-peer open source cryptocurrency that implements a unique scientific computing proof-of-work system. Primecoin's proof-of-work system searches for chains of prime numbers. Primecoin was created by a person or group of people who use the pseudonym Sunny King. This entity is also related with the cryptocurrency Peercoin. The Primecoin source code is ... Primecoin adjust the mining difficulty for each block that is mined, making it much smoother than with the Bitcoin that changes every 2056 blocks. For miners it is worth noting that the blocks released while mining is not fixed, but instead is 999 coins divided by square of the difficulty of the mining. Miners can mine with CPU, GPU and ASIC, allowing all miners to mine the popular coin and ... Primecoin Discovering New Prime Numbers. Primecoin, like Bitcoin and many other digital currencies, uses a proof-of-work algorithm for mining. However, rather than using the Hashcash method that is used by the other currencies, Primecoin instead uses an algorithm that searches for, and verifies, specific types of prime numbers. The fact that Primecoin (XPM) uses different proof-of-work method means that you are not able to mine it the same way as Bitcoin or Litecoin and if there are going to be ASIC miners made for Primecoin they are going to take some time. Not to mention the fact that at the moment you can combine Litecoin and Primecoin mining on a single system – the CPU will mine XPM and the GPU will mine LTC ...
I show you how to quickly set up solo mining with Primecoin XPM. For more indepth instructions visit - http://www.letslearnthis.com/cryptocurrency/how-to-sol... Considering buying or mining Litecoin LTC? Here's 5 reasons why you SHOULD NOT buy or mine Litecoin LTC in 2019/2020! Subscribe to the VoskCoin YT channel - ... Thanks for watching, make sure to subscribe, like and share Link: https://goo.gl/8Ftivd FB Link : https://goo.gl/Q6Txeh if any query then chat with me on FB ... Buy Bitcoin, Litecoin and Ethereum: https://goo.gl/aBJdKM Best Crypto Trading Platform: https: ... DIY Litecoin Mining Rig (Chaincoin, Ethereum, Dogecoin) - Duration: 10:15. Fred Yen 115,694 views ... mining primecoin on a testnet pool. pool.cr.rs for updates