UK Police Force Investigate the Defunct Mintpal Exchange ...

Step Inside... We are giving away 200,000,000 Karmacoin to **EVERYONE** Get+Karma, then Give+Karma to someone else!

The Giveaway is Complete. Head on over to our new home at Karmashares to see what we're up to now!

(We're giving away 200,000,000 Karmacoin over the next few days to everyone. See the "How Do I Get Karmacoin?" section below.)
WELCOME TO KARMACOIN
What is Karmacoin?
Karmacoin is a new way to show your family, friends, and others that you appreciate them. Think of it as a "Like" button that you can take anywhere. It's a P2P currency, like Bitcoin. You can use it to share with those you care about. We call it Give+Karma, because when you do good, good comes back to you.
You can think of Karmacoin as another way to say thanks. When you Give+Karma you're sharing your experience in a community where the little things matter. Random acts of kindness, caring about what others have to say, showing appreciation, being happy, doing good things, and enjoying life. It's the little things that count. And that's why we developed Karmacoin.
We're currently expanding our cause not just around the internet but around the world. We shared a summary of our business plan and project schedule with our community so that everyone knows what we're up to. Our goal is to become the #1 way for people to reward others, and be rewarded themselves. Karmacoin can be thought of as an incentive for more people to:
Our vision is a world where hundreds of millions of people around the world use Karmacoin everyday.
How Do I Get Karmacoin?
You can get Karmacoin from others who share it, or purchasing it from a trusted exchange like MintPal using your Bitcoin. In a few days we'll be announcing an easy way to buy Karmacoin using Paypal.
Luckily, to celebrate our new main website and a new place where you can share stories about people doing good things called Karmashare, both launching on March 20, we are giving away 200,000,000 Karmacoin so you can try it out!
**Be sure to subscribe to this subreddit ** And be sure to vote on the cointips tipbot when it replies
Be sure to download the Wallet for Windows, Mac, or Linux. (We're updating the graphics so don't be alarmed! It's the correct version.) Once you've installed this, you can click on the Receive tab, highlight the first row, and click the Copy button at the bottom. This is your new Karmacoin address ("Karmaddress") you can use to receive Karmacoin. (You can also send by clicking on the Send tab and entering the recipient's Karmaddress.) We're working on an easy-to-understand video tutorial now, and will be posting that for the community.
If someone is sending you Karma you can give them your new Karmaddress and you should receive it anywhere from 15 seconds to a few minutes.
Our website will soon offer some instructions of how to get and use Karmacoin. Stay tuned...
The Karmacoin Vision
We believe that the micro-transaction economy is based on kindness, sharing, small donations, microloans, tipping, and the little things that can make life wonderful and people feel appreciated, including:
  • Online tips to other internet users who deserve a little recognition
  • Tipping helpful service people offline and online
  • Paying for your co-workers cup of coffee in the morning
  • Kids receiving small amounts of money, or even allowance
  • Being able to trade a few hours of your professional time for Karmacoin that are then donated to your favorite cause on KarmaTrade.me (coming soon)
  • Independent artists being paid more money by receiving more payments from more people
  • Paying 30% less for a song because Karmacoin makes transaction fees nearly non-existent.
  • Lending a stranger $10 worth of Karma, knowing that he's got a good reputation with others at the future Karmacoin microloan site, KarmaPay.me
  • Helping someone out with bus fare to get to their first job interview at Karmashare.me or sharing a story about how someone helped you when you needed it most
  • Being able to easily accept small payments from friends, family, co-workers, or customers
This is an untapped industry because traditional payment methods such as credit cards, bank transfers, and checks (even PayPal) make small transactions too expensive from transaction fees, or too slow to be of practical use. For example, if you wish to give 25 cents to someone in person, it's easy. But try doing it online. It becomes prohibitively expensive to the point where you'd need to send 50 cents or more just so the other person can get 25.
Further, Karmacoin can be used by:
  • Companies wanting to provide redeemable rewards to staff
  • Companies wanting to provide redeemable rewards to customers
  • School systems wanting to provide redeemable rewards to students
  • Local governments wanting to provide rewards to their citizens
  • Websites wanting to entice visitors with incentives to visit, interact, or purchase
  • Retail shops wanting to provide incentives to customers to visit the store, browse, or shop
The possibilities in this new industry, which we call the "Good" economy, are endless. Karmacoin aims to be at the forefront of the Good economy by making these micropayments easy, fast, secure, and very, very cheap for everyone involved.
Karmacoin transaction fees are so small they barely register. Here's a comparison of fees:
Credit Card Check Wire Transfer Paypal Bitcoin KARMACOIN
Cost to send 10 cents >100% >100% >100% >100% >100% 0.00%
But the above list of ways in which Karmacoin can be used only scratches the surface of what is possible. As we move towards the Internet of things there will be ways to interact with all of its little components. Each of these components potentially represents a micro-transaction. Accessing, buying, and selling content, services, and other information and a whole world of things that we are unable to think of now.
Billions of transactions performed by hundreds of millions of people each and every day. Many of these transactions fall within the domain of Karmacoin, and that is where we will take the lead in the Good economy.
That is our vision. We hope you'll join us by using, sharing, and giving Karmacoin.
Developers
Please take a look at our development and promotional bounties. We appreciate all you can do to advance Karmacoin and bring it to the next level. We all here believe in Karmacoin and hope you will too. Please help us on our journey. We promise it will be an exciting one!
Thank you to the entire Karmacoin community for being so wonderful and spreading good karma. This will be an exciting journey for us!
submitted by kosmost to Karmacoin [link] [comments]

Why Reddcoin is going to the top, part 3 (conclusion)

Why Reddcoin is going to the top, part 3 (conclusion)
Firstly, my apologies to everyone who read the first two parts to this article...
1) http://www.reddit.com/reddCoin/comments/2bspjm/why_reddcoin_is_going_to_the_top_part_1/
2) http://www.reddit.com/reddCoin/comments/2buwvt/why_reddcoin_is_going_to_the_top_part_2/
… because at the end of part 2 I promised the final part the very next day. Life and work took over ‒ I'm sure many of you can sympathise ‒ but sorry for this late last instalment anyway. ;)
So... In part 1, I separated the top 20 altcoins on coinmarketcap into three groups:
- Currency coins - Anon currency coins - Decentralised something-or-other coins
... and provided some argument as to why all the coins in the group “Decentralised something-or-other coins” are going to grow slower than Reddcoin.
Part 2 focussed on anon currencies, and listed multiple obstacles that this type of cryptocurrency will face, which Reddcoin neatly sidesteps.
For the final part of this article, part 3, I am going to look at the “Currency coins” that share several of the top 20 places on coinmarketcap with Reddcoin, and then finish with a few thoughts about Reddcoin itself.
Blackcoin, Vericoin and Quark
You may wonder why I have grouped these three coins together under one sub-heading. Indeed, some readers may find this grouping offensive!
I have grouped these three projects together as they have all suffered from the same terminal problem: a severe breakdown within the community and nasty infighting.
Quarkcoin is the oldest of the three projects, and the least convincing in my opinion. When Quark was created it had little in the way of innovation, but one thing that did stand out was the way the dev launched into very aggressive attacks on other projects and on other people personally. It was extremely off-putting and embarrassing to watch. Quark did however manage to garner some support, in my view mainly due to mentions on the Keiser Report and other such broadcasts, but this is of course not what will bring a project lasting success.
Blackcoin appears to be a project with much more behind it than Quark. It has a range of activities on the go and a good dev team. But Blackcoin has suffered from some particularly unpleasant community infighting. Aside from this unfortunate development, it is also the case that the team has put work into seemingly clever features, such as Blackhalo, that may in fact be far from the “killer apps” that will really convince people to invest in the Blackcoin project in particular. And just like Darkwallet renders a core premise of the anon currency projects obsolete, Blackhalo shares exactly the same smart contract functionality as Bithalo, meaning that holders of Bitcoin looking for this functionality alone have no need to look elsewhere.
The Vericoin team looked like they had the communication aspect well-managed when they launched a series of Google hangouts to explain their project. While this caused a spike of interest it also sadly seemed to attract a range of dubious attention, leading to all kinds of controversy playing out on that most entertaining of forums, Bitcointalk. And then, of course, there was the Mintpal hack and the blockchain roll-back, and since that time, whether fair or not, it has been impossible for Vericoin to claw back its reputation. (As a side note, I for one applaud the devs in their decision to roll back the blockchain after the theft of 1/3 of all Vericoins in existence. I believe that in principle being able to thwart theft in this way is a positive thing, and that given the technology the possibility of a case serious enough to warrant action will always exist.)
Litecoin and Peercoin
While Peercoin pioneered Proof-of-Stake, something we are of course extremely grateful for, the project appears to have made little headway in terms of continuing ground-breaking achievements following its launch 2 years ago. This distinct lack of development has resulted in a steady decline in price since the beginning of 2014.
Litecoin suffers from the same stagnation as Peercoin. Of course Litecoin ushered in the era of scrypt mining, again a ground-breaking advance in its day, but while cryptocurrency enthusiasts are now practically unanimous in agreeing that a successful cryptocurrency project cannot be based on scrypt mining alone (due to the advent of scrypt ASICS and the fact that the Proof-of-Work algorithm wastes immense amounts of energy) the Litecoin project has not adapted in any way to accommodate this advance in understanding. Recently cracks have appeared in the market; investors have been taking flight from Litecoin and the process shows no signs of abating.
Dogecoin
Last but not least, let's look at the coin that gets compared most often to Reddcoin – Dogecoin!
I believe Dogecoin had perhaps the biggest chance to win the ultimate altcoin prize: to make it into mainstream use. This is what all altcoins aspire to, and through a combination of creative, gung-ho marketing and a healthy dose of right-place/right-time luck, Dogecoin was propelled close to a point where it could have escaped the gravity that seems to pull on all cryptocurrency...
But alas Doge has not been able to achieve orbit, a necessary stage before Moon travel is possible! And I have a theory as to why this is the case.
When I first heard about Dogecoin there were several times when I was close to becoming a “shibe”, but I never quite managed to become involved. I couldn't get around the whole joke part of it, and the fact that people didn't just buy and use the coin; they also adopted shibe personalities and philosophies. Each to their own, live and let live, but for me this was a red flag. I always had the feeling Doge was a flash in the pan, a kind of craze...
It is true that there were and still are associations with charities and events, and all this kind of activity is of course laudable, but ironically the strain of virality that made Dogecoin soar is the strain fuelled by pure satire, humour, “jokiness”... but facetiousness is quite clearly the antithesis of money. I see money itself as quite straight and boring – it is simply a tool – and I believe that deep down, people won't trust any digital money that looks too wacky or exotic. The network has to be serious and straight enough that you could imagine everyone using it.
No-one really wants "funny money"!
Which brings me to Reddcoin!
So why do I think Reddcoin has the best chance of success? For me to be able to explain my ideas fully will require another article at least as long as this one! But I will put some of the core reasons down here as bullet points:
Conclusion
I will finish off this article with a promise of more to come. I believe it would be extremely beneficial to the community to have an understanding of what is really being created, of the network that is coming into existence. In my view what is really happening, above and beyond the adoption of a new currency, is the natural founding of a unique organisation – a kind of open-source company – with a community of ultra-early adopters and alpha-testers, who are also still currently going through a phase of awakening and of vision-forming: learning to see the real potential of the project.
But as a last word I would like to repeat how impressed I am with the Reddcoin team. The devs and the moderators continue to make relevant, enthusiastic and intelligent contributions to the forum on a daily basis, and I have yet to read any of them latching on to price movements as if they make an important topic of discussion. I cannot stress how reassuring this is. I have seen so many other devs that at first appear devoted to building interesting technology, lose their cool and stress out about price movements like they are the thing that will make or break a project. When devs start obsessing with price it guts the very soul of a project.
So continue just as you are, devs: obsessed with innovation and building a great and powerful network over and above all else!
(Every idea expressed in the above article is my own, and I am not expressing any kind of official viewpoint or speaking directly for the core Reddcoin team. I am interested in cryptocurrency generally and I apologise for any offence I may cause when discussing other projects. This article is short and necessarily limited to an overview, an overview that I claim entirely as my own.)
submitted by reddibrek to reddCoin [link] [comments]

FAQ For Newcomers

August 9th, 2014: With the amount of projects that have been in constant development, this FAQ is somewhat out of date. While information about fundamentals of the coin remains the same and can be found here, there is much that has changed since then. In the meanwhile, please see the projects list here for a taste of the enormous development efforts of the BlackCoin community, and feel free to follow the subreddit to keep on track with new updates:
http://www.reddit.com/blackcoin/comments/27lz3h/blackcoin_projects_overview/
I created this as an initial draft of a FAQ for newcomers, feel free to recommend additions, corrections, removals, or changes.
TL/DR version at the end for those short on time.

Sections: (Ctrl + F to jump)

What is BlackCoin? [A]
What separates BlackCoin from other cryptocurrencies? [B]
Why Proof of Stake? [C]
What other reasons are there to pick up some BlackCoin? [D]
How to obtain BlackCoin? [E]
Why BlackCoin instead of competing Proof of Stake coins? [F]
Where can I talk to others about BlackCoin? [G]
TL/DR Version: [H]

What is BlackCoin? [A]

BlackCoin is a cryptocurrency based on many of the ideas contained within the original Bitcoin protocol, but with a few very important changes. Being only a couple of months old, it is a relatively new currency, but has been experiencing rapid growth. It is already in the top 10 cryptocurrencies by market cap.

What separates BlackCoin from other cryptocurrencies? [B]

There are a few main advantages to BlackCoin that separate it from most other cryptocurrencies. To ensure a fair distribution of coins, BlackCoin was initially distributed through a Proof of Work phase, the same method that Bitcoin uses to generate coins and secure the network.
That period is now over, and BlackCoin has transitioned entirely to PoS, or Proof of Stake. This allows lightning fast confirmation times, which can average as fast as 10 seconds each. In comparison, bitcoin averages 10 minutes per confirmation and litecoin clocks in at 2.5 minutes. These faster confirmation times can provide an extraordinary advantage for merchant adoption, as well as greatly improving the user experience.

Why Proof of Stake? [C]

Proof of Work was a fantastic innovation that formed the backbone of the original Bitcoin protocol. The idea is that by solving a computationally intensive math problem, one can prove the effort they've done to secure the protocol. This is how a blockchain is generated, and the effort that is required to perform this computations contribute to a coin's scarcity and value.
However, proof of work eventually becomes an extraordinarily expensive system. To secure the bitcoin network at the current market value costs about $1.8 million dollars, every single day. Most of this money is leaving the system to pay for energy costs and specialized computer equipment, much of which is done by huge computer farms. Even worse, when the value of a bitcoin increases, so does this cost. The hypothetical "$10,000 bitcoin" would cost $13 billion per year to maintain. While some of this may be mitigated by a reward "halving" or two in 3-7 years time, decreasing this reward too substantially creates a potential security risk.
Proof of Stake solves this issue in a very elegant way. Rather than using computer power as a scarce resource to generate security, Proof of Stake uses the scarcity of the coin itself. A user may choose to "stake" his coins to generate the next block in the chain, and his chance of doing so is basically proportional to the weight of his own coins.
With Proof of Work, a user can attack a network if he holds 51% of the current computer power, but to do so with Proof of Stake, that user would need a large shares of the overall coins. Acquiring this number of coins would be very difficult and expensive, and such an individual would have little incentive to attack the network as this would hurt the value of his own coins. As such, a Proof of Stake system is secured through basic economic facts rather than mass computing power.
While this is still a very contentious issue, the superior environmental and economic efficients of Proof of Stake lead many here to believe that it could be the future of cryptocurrency.

What other reasons are there to pick up some BlackCoin? [D]

There are many interesting coins out there, but BlackCoin strives to be superior in all areas. The combination of Proof of Stake and fast transaction times allow BlackCoin to excel both as a long-term store of value and for day-to-day transactions, a rare combination. But the coin also has a strong community and a rapidly developing infrastructure.
The coin's original developer has continued to work on the coin and make sure new applications are secure, even going so far as to point out a potential vulnerability in a competing coin. There is a dedicated community manager and many others who have been helping BlackCoin to grow and thrive.
Further, there are many new and exciting projects going on with BlackCoin, and it can even be difficult to keep track of it all. The most famous of these projects is the Blackcoin mining pool (http://blackcoinpool.com/), which allows miners to group together to mine other Proof of Work coins and use the profits to purchase BlackCoin, allowing this value to be absorbed into the BlackCoin economy. But don't be confused - the coin wasn't built around the idea of the mining pool, it's just one of the many great community developments that have sprung up to support it.
There have been other major developments recently as well. BlackCoin was recently accepted to be part of CoinKite's point of sale system, a huge step which will make it easy for both physical and online merchants to accept BlackCoin. The Black Coin Card (www.blackcoincard.com) is another effort which will make it very simple for anyone to get started using BlackCoin. Even a press release was sent out today to spread the word about BlackCoin: http://www.prweb.com/releases/2014/04/prweb11772516.htm. The community brings more and more ideas each day to support and promote BlackCoin.

How to obtain BlackCoin? [E]

Just like any cryptocurrency at the moment, it can take a little effort to get started, but once you have some cryptocurrency to your name, it isn't too hard.
The best way at the moment to acquire BlackCoin would be to buy Bitcoin and send those to an exchange to convert to BlackCoin. BitStamp.net is one of the largest exchanges between USD and Bitcoin, while CoinBase is also an option for U.S. customers. Once you have bitcoin in your possession, you can convert them to BlackCoin pretty quickly. Just send them to an exchange like MintPal and you can buy them at the present market rate.
Unfortunately, it can be a bit slow to get Bitcoin with the above method, but it's probably the best. If you want greater speed, you could try localbitcoins.com or finding someone directly to trade with (perhaps another reddit user). However, you may pay a significant premium over the market rate this way (15%+) and have to be careful of scams.
For the miners out there, you can't mine BlackCoin directly, but you can join the BlackCoin pool which mines the most profitable coins and uses them to purchase BlackCoin. Another user made a video explaining how to get started here: http://www.reddit.com/blackcoin/comments/23dy88/a_video_on_how_to_get_set_up_for_new_members/ (But make sure you are pointed at the updated address, stratum+tcp://useast.blackcoinpool.com:3333 for scrypt as I write this, stratum+tcp://useast.blackcoinpool.com:4444 for SHA).

Why BlackCoin instead of competing Proof of Stake coins? [F]

Some way wonder why they should obtain BlackCoin when coins like NXT and Peercoin have been around longer. Of course, this is always up to an individual to decide, but I feel there are strong reasons to support BlackCoin instead.
I think PeerCoin was a great idea for a coin and was the original pioneer of the Proof of Stake/Proof of Work concept. It is still in a combination phase between the two, slowly transitioning to a pure proof of stake coin. But it is different in its goals from BlackCoin.
Peercoin was designed to be the sort of coin that you use as a store of value, but is also specifically designed not to be used for day to day transactions. It uses a slow transaction confirmation time of 10 minutes per block and a very high fixed fee rate for transactions at .01 PPC per kilobyte. It is intended to be more of a complementary coin to something like Bitcoin rather than a day to day currency.
NXT is another coin which is operating as completely Proof of Stake, but there are some important differences between the two coins. BlackCoin is currently about twice as fast as NXT in terms of average confirmation speed and was based on the original Bitcoin Protocol. In comparison, NXT was instead built on its own code base. This may allow some potential positive changes, but also means that NXT is more likely to introduce new bugs or exploits that were not a part of its tried-and-true predecessors.
But one of the biggest differences can be found in the initial coin distribution. BlackCoin was launched with a brief initial Proof of Work phase and no pre-mine. Although this phase is much shorter than the one implemented by Peercoin, it was announced a week in advance to give all miners and buyers an equal and fair opportunity to claim the coin. In contrast to this method, NXT was distributed based on Bitcoin payments to an account set up by the developer. The period for purchasing NXT was prematurely cut off 6 weeks early without any warning. See here for more information:
https://bitcointalk.org/index.php?topic=303898.msg3620944#msg3620944
Another important component of any cryptocurrency that truly cannot be understated is the community that supports, builds infrastructure for, and spreads awareness of the coin to increase both its utility and adoption rate. It is this very factor that I feel has played a major role in bringing Bitcoin to where it is today, with a multi-billion dollar market cap. While this is a largely subjective area, I feel that BlackCoin has one of the strongest communities, especially for a very young coin, with several new projects springing up every few days. Contrastingly, it appears that NXT has some schisms within the community as can be seen here, splitting into two different forums:
https://nextcoin.org/index.php/topic,4621.0.html
However, bear in mind that this is my own view on the situation as an outsider with limited involvement, and it is always best to do your own research if time permits.

Where can I talk to others about BlackCoin? [G]

There are a few places to talk about BlackCoin, news, and upcoming developments. First, where you are now, the reddit community has been growing very quickly:
http://www.reddit.com/blackcoin/ Make sure to check the sidebar for many more websites.
https://bitcointalk.org/index.php?topic=469640.0 This is the bitcointalk thread. This thread has historically had the most information of any forum, but it's quite a slog to read through. Worth checking up on if you don't want to miss anything though.
http://blackcointalk.com/ The "official" forums.

TL/DR Version: [H]

Blackcoin is a cryptocurrency. It's pretty new, but it's pretty great. It uses Proof of Stake, so it's efficient. It's also lightning fast. Bitcoin is slow and expensive to secure. Proof of Stake = the future. BlackCoin = the future. The community here is amazing. BlackCoinPool. BlackCoinCard. Press. Hype. CoinKite. New projects all the time. Don't get left in the dust. Blackcoin is the best in all areas. Speed, store of value, economics, efficiency, community, developers, got it all. Buy some.
submitted by asdffsdf to blackcoin [link] [comments]

Cast your Vote for FlappyCoin in many Exchanges

Guys,
I have listed out all the exchanges to list out the flappy coins in their website. If we have FlappyCoin listed in many exchanges then Flappy will fly very high that no one can imagine.
Please Cast your vote,
Swiss Coin Exchange (swisscex) - - You can vote once
Cryptsy - Sign up on Crytpsy then vote for flappy - We are added on Cryptsy, Thanks for supporting FlappyCoin and making it successful. Let's move onto next exchanges
Mintpal - You can vote upto 3 times per hour if you are unregistered user or 6 times per hour if you are registered user
AllCrypt - You can vote upto 10 times per day.
CoinedUp SubReddit - Add your Comments
CryptX SubReddit - Add your Comments
CoinMarket.IO BitcoinTalk Forum - Add your Replies for FlappyCoin
List out any other exchanges if I have missed, I will add it.
Thanks for your support
EDIT: Not sure why this post has been given downvotes. It tries to help FlappyCoin to get listed in top exchanges. :(
EDIT: Added FlappyCoin on Cryptsy
submitted by coingamer to flappycoin [link] [comments]

Step Inside... We are giving away 200,000,000 Karmacoin to EVERYONE to celebrate our new websites launching later today

(We're giving away 200,000,000 Karmacoin over the next few days to everyone. See the "How Do I Get Karmacoin?" section below.)
What is Karmacoin?
Karmacoin is a new way to show your family, friends, and others that you appreciate them. Think of it as a "Like" button that you can take anywhere. It's a P2P currency, like Bitcoin. You can use it to share with those you care about. We call it Give+Karma, because when you do good, good comes back to you.
You can think of Karmacoin as another way to say thanks. When you Give+Karma you're sharing your experience in a community where the little things matter. Random acts of kindness, caring about what others have to say, showing appreciation, being happy, doing good things, and enjoying life. It's the little things that count. And that's why we developed Karmacoin.
We're currently expanding our cause not just around the internet but around the world. We shared a summary of our business plan and project schedule with our community so that everyone knows what we're up to. Our goal is to become the #1 way for people to reward others, and be rewarded themselves. Karmacoin can be thought of as an incentive for more people to:
Our vision is a world where hundreds of millions of people around the world use Karmacoin everyday.
How Do I Get Karmacoin?
You can get Karmacoin from others who share it, or purchasing it from a trusted exchange like MintPal using your Bitcoin. In a few days we'll be announcing an easy way to buy Karmacoin using Paypal.
Luckily, to celebrate our new main website and a new place where you can share stories about people doing good things called Karmashare, both launching on March 20, we are giving away 200,000,000 Karmacoin so you can try it out!
**Be sure to subscribe to the Karmacoin subreddit **
Be sure to download the Wallet for Windows, Mac, or Linux. (We're updating the graphics so don't be alarmed! It's the correct version.) Once you've installed this, you can click on the Receive tab, highlight the first row, and click the Copy button at the bottom. This is your new Karmacoin address ("Karmaddress") you can use to receive Karmacoin. (You can also send by clicking on the Send tab and entering the recipient's Karmaddress.) We're working on an easy-to-understand video tutorial now, and will be posting that for the community.
If someone is sending you Karma you can give them your new Karmaddress and you should receive it anywhere from 15 seconds to a few minutes.
Our website will soon offer some instructions of how to get and use Karmacoin. Stay tuned...
The Karmacoin Vision
We believe that the micro-transaction economy is based on kindness, sharing, small donations, microloans, tipping, and the little things that can make life wonderful and people feel appreciated, including:
  • Online tips to other internet users who deserve a little recognition
  • Tipping helpful service people offline and online
  • Paying for your co-workers cup of coffee in the morning
  • Kids receiving small amounts of money, or even allowance
  • Being able to trade a few hours of your professional time for Karmacoin that are then donated to your favorite cause on KarmaTrade.me (coming soon)
  • Independent artists being paid more money by receiving more payments from more people
  • Paying 30% less for a song because Karmacoin makes transaction fees nearly non-existent.
  • Lending a stranger $10 worth of Karma, knowing that he's got a good reputation with others at the future Karmacoin microloan site, KarmaPay.me
  • Helping someone out with bus fare to get to their first job interview at Karmashare.me or sharing a story about how someone helped you when you needed it most
  • Being able to easily accept small payments from friends, family, co-workers, or customers
This is an untapped industry because traditional payment methods such as credit cards, bank transfers, and checks (even PayPal) make small transactions too expensive from transaction fees, or too slow to be of practical use. For example, if you wish to give 25 cents to someone in person, it's easy. But try doing it online. It becomes prohibitively expensive to the point where you'd need to send 50 cents or more just so the other person can get 25.
Further, Karmacoin can be used by:
  • Companies wanting to provide redeemable rewards to staff
  • Companies wanting to provide redeemable rewards to customers
  • School systems wanting to provide redeemable rewards to students
  • Local governments wanting to provide rewards to their citizens
  • Websites wanting to entice visitors with incentives to visit, interact, or purchase
  • Retail shops wanting to provide incentives to customers to visit the store, browse, or shop
The possibilities in this new industry, which we call the "Good" economy, are endless. Karmacoin aims to be at the forefront of the Good economy by making these micropayments easy, fast, secure, and very, very cheap for everyone involved.
Karmacoin transaction fees are so small they barely register. Here's a comparison of fees:
Credit Card Check Wire Transfer Paypal Bitcoin KARMACOIN
Cost to send 10 cents >100% >100% >100% >100% >100% 0.00%
But the above list of ways in which Karmacoin can be used only scratches the surface of what is possible. As we move towards the Internet of things there will be ways to interact with all of its little components. Each of these components potentially represents a micro-transaction. Accessing, buying, and selling content, services, and other information and a whole world of things that we are unable to think of now.
Billions of transactions performed by hundreds of millions of people each and every day. Many of these transactions fall within the domain of Karmacoin, and that is where we will take the lead in the Good economy.
That is our vision. We hope you'll join us by using, sharing, and giving Karmacoin.
Developers
Please take a look at our development and promotional bounties. We appreciate all you can do to advance Karmacoin and bring it to the next level. We all here believe in Karmacoin and hope you will too. Please help us on our journey. We promise it will be an exciting one!
Thank you to the entire Karmacoin community for being so wonderful and spreading good karma. This will be an exciting journey for us!
[note: xpost from karmacoin subreddit to all the wonderful folks on Cryptocurrency)
submitted by kosmost to CryptoCurrency [link] [comments]

Merry Christmas and to all a good night!

So because I have nothing better to do than troll the forums, reddit, and so on (I have such an exciting life dont I!), I would like to post my thoughts on 2014.
It's been quite an exciting year for Litecoin, both ups and downs. From Litecoin's price going far below what was expected to wider adoption with merchants. Businesses have sprang up everywhere Litecoin and crypto related, some succeeded, some failed, and others marked off as scams.
As I post this, it marks a year and two weeks since I have been involved with Litecoin and cryptos. I've seen a titans fall (empty Gox, Moolah and Mintpal), Davids turn into Goliath's (GAW, GoCoin, Zues), and the determined entrepreneurship of eager fellow crypto fans come out with new products, services, and ideas everyday.
This world that we are all in, seemingly at times isolated from the rest of the world, has grown and spread like wildfire. If there was truly a year for Cryptos up to this point, 2014 would be that year. The merchant adoption has exploded with acceptance, with giants like Overstock.com and Microsoft now taking Bitcoin (and hopefully Litecoin in the future as well ;) ). In addition, I can still go and buy honey, video games, gift cards, clothes, precious metals, and even a Tesla with Litecoin. I would consider that a monumental accomplishment for Litecoin, Bitcoin, and crypto's as a whole in 2014.
I've witnessed the evolution in scrypt, from small time hobby GPU mining to industrial asic companies. The hash rate exploded from miniscule amounts into a behemoth, multiplied over 60 times since the beginning of this year. Litecoin dominated the scrypt scene, overpowering every other scrypt coin out there to include the much loved very wow Dogecoin. Which in turn was (to me) a blessing in disguise, causing Dogecoin to implement AUXPoW, and giving everyone a larger opportunity to understand the cultures of the different communities between Litecoin and Dogecoin.
The threat of a possible 51% attack presented itself earlier on this year, and the insurmountable backlash of the community. The passion, the fire, the eyes of those who would not idly stand by as their network, the network of the community, could fall victim to such an attack. Impending doom was avoided, and it gave me hope and joy to know that the community was so passionate.
I've been both a bystander and an active participant in multiple charities, and I am proud and humbled to bear witness to this community opening their pockets to the poor and needy, raising over $20,000 this year to those that are less fortunate than us. We need to remember that in the spirit of crypto's, its not the worth of the coins themselves but more of a promise that Litecoin and others can help those less fortunate . The under banked, remittances, the fee's that are forced upon us by credit card companies which increases the prices of products. These are the reasons I do what I do, and I would hope even the most seasoned trader can appreciate the uses well beyond the hint of riches and personal wealth.
The observation of the eyes of the world on us, banks, lawyers, judges, congressmen and congresswomen and even whole countries. The SEC issuing lawsuits and Fincen working with companies to help comply with anti money laundering laws. People that have been sentenced to jail, right or wrong (sometimes its in the eye of the beholder). Regulations, laws, and bitlicense, the very essence of cryptos seemingly being stripped away. Some consider it a sign of times to come for larger adoption, others believe its an overreaching central authority bearing down on a decentralized entity. My opinions aside, the sheer thought of such a young technology being watched and judged by those in power is significant. Being noticed by these authorities is a door into what is to come for 2015.
So what is to come for 2015? For Litecoin we can look forward to more merchant and user adoption. The halving will be coming in Oct 2015, which is going to be an exciting time. Everyone can speculate on the price, but when it comes down to it no one really knows what will happen. The only thing I do know for sure is this. I will be here to help the new person by explaining the blockchain, helping a business as best I can get off their feet, helping the communities at large beyond Litecoin with their issues, and helping Litecoin continue to be one of the best crypto's out there. Charlie Shreem said to the judge in his case before sentencing "Bitcoin is my baby, it’s my whole world and my whole life, it’s what I was put on this earth to do. I need to be out there". His circumstance aside, as I read this quote from him, I can't help but to feel, from the bottom of my heart, the same way about Litecoin.
Merry Christmas all and lets make 2015 the best we can for Litecoin and crypto's!
Andrew Vegetabile / TheMage
submitted by TheRealMage to litecoin [link] [comments]

More information on the Renewable Energy consumption of Bitcoin and the environmentally friendly alternative BlackCoin TL:DR

The amount of electricity required to maintain Bitcoin’s security is legendary. Its miners are scouring the globe searching for areas with the least-expensive electricity rates.
Unfortunately, these areas are where the least expensive renewable-energy resources exist in the world.
Links are provided below to the references to back up the claims made here. This document will be updated as needed based on your comments below.
It has been estimated that the additional electricity required to maintain BlackCoin’s cooperative minting network is much less than three one-thousands ( 3 / 1000 ) of what is now used to run an equivalent sized competitive Bitcoin mining network. Bitcoin’s current electrical consumption equipment arms race is gobbling up irreplaceable, renewable-energy resources in areas where they provide the less expensive renewable energy options bar none.
A recent study cited in the Wall Street Journal shows that the hash rate required for Bitcoin’s security last fall was one one-sixtieth (1 / 60) of what it is now. This hash rate inflation has been fueled by the tremendous profitability of large scale corporate mining operations, which have produced the mining technology arms race.
The largest known corporate Bitcoin mining operation is reported to be housed in a warehouse in Central Washington State where it takes advantage of the US’s lowest electricity rates bar none. The Spokane Review recently reported that a handful of additional competitors are now about to pop up.
Washington State is the leader in hydroelectric generation with 29% of the total national capacity according to the US Energy Information Administration. It is 10th in wind energy production. Nevertheless, the whole state still has the lowest residential electric rates in the country.
The New York Times reported on a similar setup in Iceland, which may have the least expensive electricity of any country in the world. It is powered by hydro and geothermal resources.
These corporate mining operations compete against each other for the right to enter the next ledger page into the Bitcoin blockchain. The startups that produce the otherwise useless mining equipment are forced to make outrageous claims for their latest drawing board designs to get preorder payments to finance their production as has been well documented by CoinDesk in numerous articles.
Are we about to repeat the environmental disasters that followed the 1849 California Gold Rush and the wildcatting boom that began with the Spindletop oil gusher? This trend will continue as long as the Bitcoin mining technology continues to improve at breakneck speed driven by the profitability resulting from the squandering of these irreplaceable resources.
It took three and a half years after Satoshi Nakamoto launched Bitcoin in January 2009 before Sunny King in August 2012 to launch Peercoin, the first environmentally friendly cryptocurrency. However, Peercoin is designed to be the savings account complementing the best environmentally friendly checking account cryptocurrency. The market has been trying since then to settle on the best environmentally friendly challenger for Bitcoin.
The Russian crypto developer rat4 launched BlackCoin on February 24, 2014 at 6:00 UTC after making the customary announcement on February 16 on the Bitcoin Forum. Startup crypto exchange Mintpal quickly recognized the potential of rat4’s improvement of the design of the innovative Mintcoin protocol.
This helped catapult BlackCoin into 19th place in market cap by the start of April. BlackCoin obtained its current 10 th place position after Coinkite chose Blackcoin to add to its terminals in June joining Bitcoin and Litecoin.
Sunny King’s protocol has now been tested on many environmentally friendly alternatives. The market has now chosen BlackCoin to be checking account to Peercoin’s saving account.
The Bitcoin MIT Project will provision every undergraduate at that institution with $100 worth of bitcoins in the fall semester as an experiment. The proposed BlackCoin MIT Airdrop is currently being discussed by the Blackcoin Community on its reddit page. The proposal calls for provisioning each MIT graduate student with $100 of the best environmentally friendly alternative to Bitcoin in the best technology crucible in the world.
It appears from the MIT announcement that the MIT Kerberos & Internet Trust Consortium may have been used as the vehicle for obtaining tax exempt fiat donations. Therefore, should the newly formed BlackCoin Foundation ask the Trust to set up a donation account and let the environmental community try to raise the less than $1 million required to fund the MIT Airdrop.
If you have arrived here from somewhere else and are interested in learning more about BlackCoin and the MIT BlackCoin Project, please join the discussion with us at the BlackCoin subreddit:
reddit.com/BlackCoin/
Please report proofreading and editing corrections in comments below. References
Electricity requirement calculations needed to maintain the BlackCoin network
http://www.reddit.com/blackcoin/comments/25a4fq/if_you_are_good_at_science_or_if_you_are_an/
Wall Street Journal Article on Bitcoin hash rate
http://blogs.wsj.com/moneybeat/2014/04/29/bitbeat-for-bitcoin-miners-a-hot-problem-this-summe
Spokane Review Article
http://www.spokesman.com/stories/2014/ap26/northwests-cheap-power-drawing-bitcoin-miners/
US Energy Information Administration – Washington State Renewable Energy Report
http://www.eia.gov/state/?sid=WA
NT Times Iceland Bitcoin mining article
http://dealbook.nytimes.com/2013/12/23/morning-agenda-the-bitcoin-mines-of-iceland/?_php=true&_type=blogs&_php=true&_type=blogs&_r=1
CoinDesk mining equipment articles
http://www.coindesk.com/coindesk-mining-roundup-hot-issues-lawsuits-eco-mining/
http://www.coindesk.com/problems-plague-kncminer-broken-super-jupiters-arrive-doorsteps/
http://www.coindesk.com/alpha-technology-initiates-scrypt-asic-tape/
Bitcoin MIT Project article that mentions MIT Kerberos & Internet Trust Consortium
http://tech.mit.edu/V134/N22/bitcoin.html
submitted by RJSchex to blackcoin [link] [comments]

Altcoin thoughts - The Saturncoin redenomination

Most of you are likely unaware of who I am as this is only my second post on Reddit. My claim to fame (at least in this forum) is that I’ve been working with /quintin3265 on our multi coin pool since its inception. While /quitnin3265 has been doing most of the coding for the site, I have been involved in server configuration as well as managing the altcoin daemons. I will be the public face for the operation outside of Reddit.
Over my time working on this project I’ve come to realize firsthand how much of a mess the altcoin market really is. I’ll occasionally be making posts here regarding some of my insights on altcoins.

The Saturncoin redenomination

Yesterday I became aware of all the hijinks occurring with Saturncoin (SAT). In case you are not aware, Saturncoin is a classic pump and dump altcoin. After releasing in February 2014 with a maximum of 50 billion coins and a 1% premine (supposedly dedicated towards future development bounties), the original developer(s) sold the entire premine in March and disappeared. By mid April, Saturncoin was the Zimbabwean dollar of cryptocurrencies at an exchange rate of 0.00000001 BTC/SAT and was doomed to failure like so many other altcoins before it.
Faced with this grim situation, the remaining members of the Saturncoin foundation made an unusual decision. It decided to make a hard fork of the Saturncoin code and announced a new Saturncoin v2 (SAT2) with a completely new (not just forked) block chain with which all existing Saturncoin wallets would be incompatible. While releasing a new coin is nothing new, what is interesting about this release is that SAT2 revalues SAT at a fixed exchange rate of 1000 SAT per 1 SAT2 by premining enough coins to equal the entire SAT supply. On June 27, SAT2 was officially released, and on June 30, in an arrangement with the Saturncoin foundation, Mintpal and Cryptsy converted their SAT balances to SAT2 at no fee.

The transition to a new block chain is bad for Saturncoin’s future adoption

A direct exchange of altcoins has occurred at least once in the past, for example from Blitzcoin to DistroBlitz (1:1 exchange ratio, not very successful), but this is the first time a redenomination has occurred. I don’t see this transition as being successful due to complexity, and even if it is successful, it leaves the coin in a dangerous state.
The Saturncoin foundation told people to move all their SAT from individual wallets to Mintpal before June 30, and the exchange between SAT and SAT2 was only on one day - June 30. This plan seems ridiculous if the foundation had any plans of maintaining a customer base. Most SAT holders won’t notice the fork until they actually try to spend or exchange their SAT, at which point they will notice that their wallets are worthless and they have no recourse. The Saturncoin foundation developer(s) are apparently now manually processing conversions, which is silly since it sucks away time from them improving the code. The foundation has stated that it will only be doing the exchange for a limited time, so people not keeping up with the news will still be left with worthless SAT.
It’s likely that a large portion of the original SAT will never be converted and the Saturncoin foundation will hold a plurality if not the majority of the new money supply. I’m sure you can see this is a dangerous proposition if the foundation turns out to be like the original developer(s). Like most altcoins, it’s impossible to find any information about who or what the “Saturncoin foundation” actually is. There’s no listing of any members on the website and no contact information. There’s only one person using one pseudonym to provide posts representing the foundation in Saturncoin threads. I’m not convinced that the “foundation” consists of more than one or maybe two members. I would be very skeptical of what could happen to these remaining premined coins if I had any sort of Saturncoin investment. This isn’t helped by Saturncoin transitioning to 100% proof of stake, which means that the foundation holding all the coins stands to gain more than anyone else from the change. If I was going for a long con, then resurrecting a failing coin, reallocating all the lost coins to me, and then designing the protocol to pay me interest on all those coins is a great idea.
Let’s just assume the Saturncoin foundation is benevolent with its holdings. Even if you manage to read the news and realize a fork will occur, there are still headaches for anyone accepting or mining SAT including me as a mining pool operator. I could be paying out 1000x more money than I should if I didn’t know this was a redenomination, and even if I did know about the change, I now have a bunch of records that are off by a factor of 1000. Fortunately for me, since Saturncoin v2 is changing to 100% proof of stake, I don’t have to worry about mining it in the future and can just remove it from mining.

The Saturncoin outlook and the redenomination’s impact on altcoins

By redenominating the currency, the Saturncoin foundation has essentially acknowledged that Saturncoin has no chance of ever gaining a large market presence and that it will always be in the shadow of Bitcoin. If Saturncoin could stand on its own, then the inability to exchange individual SAT for BTC would not be an issue; exchange operators would be willing to spend the time change their operations so that the base unit was not 1 SAT but something larger, perhaps 1000 SAT.
Ever since Litecoin has been advertised as the “silver” to Bitcoin’s “gold” by having a money supply 4x larger, altcoins have been pushing the limits of how large a money supply can become. It appears that altcoin exchanges are pushing back and setting a wall as to how valueless a coin can get by not allowing altcoins to be worth less than about 10 Satoshi. I’ve already worked with /quintin3265 to correct bugs in the pool caused by performing calculations on inordinately large numbers of coins, and I’m sure altcoin exchanges deal with the same issues. I see the demise and rerelease of Saturncoin signaling a reversal of the trend of having ridiculously low value altcoins. Saturncoin v1 tested the limits of how large a currency supply can be and failed because of it; perhaps other similar altcoins like Dogecoin are doomed to the same fate.
submitted by chris_sokolowski to BitcoinThoughts [link] [comments]

MintPal killed crypto forever

I am waiting for mintpal to withdraw. Theres not much info coming out on mintpal web page or twitter account. I don't know who actually controls the mintpal.com website withdrawals now. Is it mintpal guys or the moolah thief? Why don't they at least put some info on the website saying what is happening. Having to search forums to find out mintpal has collapsed is rediculous. And no info either way from whats going on. If they did I might donate to the lawsuit but as it stands they are showing even more incompetency and lack of concern for their customers than they did before their stupid act. Please let me know if you hear anything else. The mintpal entrepenours who blamed moolah alan green are clearly not sincere. So, I've been thinking about cryptocurrency all over again. I am no longer using an exchange again, (mtgox stung me too) and nobody should. But this move leads me to one conclusion: bitcoin/cryptocurrency is dead forever. Bitcoiners say the exchanges aren't bitcoin, that we shouldn't judge bitcoin on dodgy exchanges - but its not true - they are bitcoin! In order to get bitcoin you have to use an exchange (sure I can do it in person in dark alleys but thats not practical, and hardly goiong to compete with convenience of paypal/visa long term). So I have confidently sold all my bitcoins, its taken me 3 years to realise thats the best thing I could do. Because you will always need an exchange to get bitcoin its less safe than the banks and always will be. Its value is meaningless, without fiat, because it can only be obtained by fiat. In a sense it IS fiat. Miners need fiat to sell it. And we are not going to be paid in bitcoin , ever, unless most companies can mine them (stupid unfeasable idea). Bitcoin/Crypto is dead. It was supposed to be trustless and secure. Its anything but because every bitcoin user who doesn't mine has risked using dodgy exchanges to obtain it, and every miner needs buyers to use exchanges to sell their coins. But importantly, there is and never will be ANY OTHER WAY for bitcoin without exchange - decentralised exchnges don't and can't ever use fiat, so don't hold out for that. Goodby crypto. I want bitcoin to collapse fast so no more people get scammed in future. Bailout now is my advice. Bailout fast!
submitted by thisweb12 to Bitcoin [link] [comments]

BITSTAMP [ANON] ROGER MUCERINO'S BITSTAMP BOUNTY CROWDFUNDER

Greetings!
My name is Roger Mucerino an investor in Bitcoin and a customer of BITSTAMP. I am concerned with the fact that BITSTAMP is making light of their recent theft of approximately 19,000 Bitcoins. Something just doesn't sit well with me in regards to the developers statements? The exchange was robbed of over $5 million USD and developers state:
"This breach represents a small fraction of Bitstamp’s total bitcoin reserves, the overwhelming majority of which are held in secure offline cold storage systems. We would like to reassure all Bitstamp customers that their balances held prior to our temporary suspension of services will not be affected and will be honored in full."
While most cryptocurrency exchanges are seeking venture capital to expand their inventories, BITSTAMP can just afford to throw $5M USD away with no after effect to the infrastructure of their company financials? I understand they "control" a significant portion of the Bitcoin outstanding, But the reality is "THEY DO NOT OWN THEM".
I find it hard to believe they have that type of liquidity without a cash injection independent of customer assets. Cryptocurrency exchanges make money off of transaction fees and some trading profits. Is BITSTAMP Bitcoin rich? Does their volume coincide with $5M+ in transaction fees? If they are profiting in the market to the point where $5M is chump change, Where do they get the trading capital to secure such profits? Maybe they leverage our coin?
BITSTAMP shows all the signs of a ponzi scam! When and if they do resume trading with a $5M "hole" in their balance sheet and a possible run on their bank coming... Can they sustain? I don't think so. We are withnessing the "stall before the fall". They are posting in regards to "security", "a new exchange", etc. Seems like we are being pacified???
I have put this website together as a means of gathering all "potential" victims in one forum to help authorities and investigators get a head start on this catastrophe in the making. However, I am steadfast in finding out "who" stole the $5M? While many are worried watching BITSTAMP announcements, the thief is transferring like he has a license to steal the BTC from their hot wallet.
I have decided to reach out to the Bitcoin community and launch my very own BITSTAMP BOUNTY CROWDFUNDER to secure the fees involved with hiring the necessary professionals to investigate the theft and overall books of BITSTAMP. EX: Accountants, Lawyers & Private Investigators, etc. BITSTAMP is obligated in my opinion to be transparent with their books and financial dealings under an audit performed by an outside agency.
My goal is to raise $25K USD by way of Bitcoin to fund the investigation of BITSTAMP. We need to come together as a community and make these individuals pay for their actions. Enough is enough! CryptoRush got me, MintPal got me, Mt. Gox got me and now this??? I'm losing faith in the integrity of cryptocurrency. I think we are experiencing all these thefts because it was originally designed to be peer-to-peer not exchange traded?
I appreciate any contributions from the cryptocurrency community and encourage all comments. Below you will find the BITSTAMP BOUNTY CROWD FUNDER BTC EFFORT ADDRESS. I will update this website regularly as per our investigative teams efforts and/or the media. Help forward our efforts! It's time for community intervention.
SEND BTC 1Q6mXe3vU8XQDjbLssY4ZsKuf3Qf8uUFvF
Thank you in advance!
Warmest Regards, Roger Mucerino www.bitstampbounty.com @RogerMucerino [email protected]
submitted by bitstampbountyhunter to Bitcoin [link] [comments]

www.altcoinsniper.com

Hi all,
I am Jester, I am from Belgium and wanted to share my project with everybody. I have been working on it for over a month now, and it is in the final stages of development. The main idea is to provide altcoin traders with an intuitive trading platform that gives them more insight in the different altcoin markets on the main altcoin exchanges. (Cryptsy, Mintpal, Poloniex)
I did some trading on Cryptsy and what bothered me was the lack of actual live charts, detailed market information and cumbersome trading.
  1. The candlestick charts only refreshes every 5 minutes
  2. Refreshing the browser is often necessary to get the latest market information
  3. There is no good overall market overview
  4. Users have to open several browser windows to trade multiple markets at the same time
  5. Poor to no automatic trading functionality
I decided to create a winforms application to tackle these issues. It started out as a hobby project as I thought it would be nice to chart the 6 hour price evolution of all the altcoins. Soon after I added a simple trade panel based on forex trading platforms so that I could instantly place an order, instead of refreshing the browser for the latest price, entering the amount clicking the buy/sell buttons and confirm the transaction, which seemed rather cumbersome to me. As the project evolved, I decided to add detailed charts using the Zedgraph library (http://sourceforge.net/projects/zedgraph/). A couple of weeks ago I was looking for similar projects online and discovered C.A.T bot by Sampey. I registered on this forum to follow the interactions and I decided to code some bot functions in my application too.
At the moment, the application is a bit of a hybrid between trading platform and bot. From a trader's perspective, I think you can still earn a lot more by executing your trades manually, but I understand that for most people this would take up a lot of their time, so a trade bot is a handy add-on if you set it up well.
Currently, one static trade bot and 3 dynamic trade bots have been implemented. The functionality is explained on the website: http://altcoinsniper.com/advancedversion.html I plan on adding a bit of code in the future that compiles a text file from the user while the application is running, so users will be able to write their own automatic trading algorithms using the variables in the source code. (there's some screenshots of the bot code on the website, the plan is to open this up for users, so they can write their own logic)
I know the cryptocurrency community is all about open source, and I know it is selfish and some people may think its sketchy, but I don't like to make this application open source for now. I can guarantee everyone though, that I did not put in all the work to spread malicious software or to steal everyone's API keys. I just feel like I put a lot of work in the application and it would be awesome if I could get some BTC for it in return. To me it seems better to enter the bitcoin ecosystem by selling creativity and passions instead of converting fiat currency.
I don't know what is expensive for most altcoin traders, but I see that most other bots or cryptocurrency trading platforms sell for about 0.7-0.9 BTC. I decided to offer the basic functionality of my application for free, and the advanced trade panels and bots for 0.5 BTC. The bot logic is in c# and I added screenshots on the website, so you can decide for yourself if it is worth 0.5 BTC or not. I am always open to suggestions and improvements to the logic as these are the first auto-trading algorithms I coded. I have done some test running of the bots though and got the following results:
mzc (buy low /sell high -algorithm) sell buy 4/18/2014 15:16 100 0.00000146 0.000145562 4/18/2014 15:13 100 0.00000142 0.000142284 4/18/2014 15:34 100 0.00000151 0.000150547 4/18/2014 15:29 100 0.00000148 0.000148296 4/18/2014 15:56 100 0.00000162 0.000161514 4/18/2014 15:51 100 0.00000161 0.000161322 4/18/2014 16:03 100 0.00000167 0.000166499 4/18/2014 16:01 100 0.00000156 0.000156312
flt (buy low /sell high -algorithm) sell buy 4/18/2014 15:13 100 0.00002201 0.002195498 4/18/2014 15:10 100 0.00002147 0.002152368 4/18/2014 15:51 100 0.000023 0.00229425 4/18/2014 15:13 100 0.00002253 0.002258633 4/18/2014 15:56 100 0.00002333 0.002327168 4/18/2014 15:51 100 0.000023 0.00230575 4/18/2014 16:05 100 0.00002351 0.002345123 4/18/2014 15:57 100 0.00002331 0.002336828 4/18/2014 16:10 100 0.00002442 0.002435895 4/18/2014 16:07 100 0.00002333 0.002338833 4/18/2014 16:39 100 0.00002421 0.002414948 4/18/2014 16:11 100 0.000024 0.002406 4/18/2014 16:53 100 0.0000252 0.0025137 4/18/2014 16:46 100 0.000025 0.00250625 4/18/2014 16:55 100 0.00002595 0.002588513 4/18/2014 16:54 100 0.00002525 0.002531313 4/18/2014 17:38 100 0.00002606 0.002599485 4/18/2014 16:56 100 0.0000259 0.002596475
bc (buy low /sell high -algorithm) sell buy 4/18/2014 15:45 100 0.00038501 0.038385497 4/18/2014 15:09 100 0.00038 0.038076 4/18/2014 17:14 100 0.00039 0.038883 4/18/2014 15:49 100 0.00038799 0.038876598 4/18/2014 17:16 100 0.000388 0.0386836 4/18/2014 17:15 100 0.00038601 0.038678202 4/18/2014 17:36 100 0.000391 0.0389827 4/18/2014 17:17 100 0.000389 0.0389778 4/18/2014 17:55 100 0.00039209 0.039091373 4/18/2014 17:38 100 0.00039 0.039078 4/18/2014 18:11 100 0.00039495 0.039376515 4/18/2014 18:01 100 0.00039265 0.03934353
bc (trend-algorithm) sell buy 4/18/2014 15:44 100 0.000385 0.0383845 4/18/2014 15:15 100 0.00037878 0.037953756 4/18/2014 17:36 100 0.000392 0.0390824 4/18/2014 15:45 100 0.00038997 0.039074994 4/18/2014 18:11 100 0.00039495 0.039376515 4/18/2014 17:36 100 0.00039296 0.039374592
This is how it looks in the application: http://altcoinsniper.com/images/trading.JPG
More info on the bots and the trade panel is on the website. (www.altcoinsniper.com) It is possible to simulate trading and test run your bot settings. Currently, only Cryptsy is fully implemented, but if there is a lot of interest in the platform, I will work on implementing other exchanges. If you have any questions, suggestions or feedback, feel free to respond on this post or contact me at [email protected]
submitted by jestersimpps to altcoin [link] [comments]

All my Dark coins where withdrawn/stolen?

Hi all! This is my mintpal ticket, I use mintpal often and just lost all my dark coins, any help would be great!
Today, when I logged on to mintpal, my dark coins (30.49 DRK) where transferred to an unknown wallet. I dont know how that happened, but they are all gone, I had also SYNC coins but they are still here.
I dont know what I can do but any info or suggestions would help and maybe give some light of what just happened. There is no email about failed log in or wrong password. I sent some attachments from the mintpal site.
Also, on bitcoin forum, there is a simular problem: https://bitcointalk.org/index.php?topic=421615.25140 Notice on the bitcoin forum, that the person that lost his darkcoin, was also transferred to the same wallet address as mine was transferd: XbEuYmo7ppSr1LLEbVMPW42jPcaVWWHYDL
But Thanks for an awesome trade site. I hope I will get them back.
submitted by scorpion_ to DRKCoin [link] [comments]

Time to buy is now! - Rabbit general discussion thread

Buy wall on cryptorush is down to 1 sato orders. Miners keep dumping for a quick buck, but smart money is on buying and adopting right now to maximize your gains from rabbit. Not many selling at 1, but if you buy in at 2 you will get your bunny money instantly! No waiting for your order to fill. There's 77 million up for grabs right now to anyone with only 1.5 bitcoins.
If you bought in now at 2 sato for 10 million (0.2 bitcoins, a modest amount) and waited for the inevitable jump to 20, you would have just under 2 bitcoins. The profits add up depending on how much you buy in, but let me just say that you will never see rabbitcoin this cheap ever again. That is why the time to buy is right now.
Trading volume has picked up significantly, and we're currently in 2nd place on mintpal thanks to some generous forum users. Once we are added and reach our first halving, the price is going to hike up to what it should be. And again once we reach the next halving, and so on.
So get your bunnies while you can! This coin is called rabbit for a reason. And spread the word too! Our currency will only have that much more potential for every new person using it. And make some content for the reddit, too! Memes, marketing ideas, anything you can think of to get rabbit into more hands who will hold long term. The fast benefits of rabbit are huge for instant transactions, and I pity anyone who misses out on the bunny train by not getting in now.
Keep a close eye on the forums also - we're a bit more active over there. I believe the devs are in talks to get us listed on coinmarketcap, which will definitely give us staying power.
Now, who has some great ideas for rabbit? Maybe a rabbitcoin marketplace is in order soon?
submitted by MurolcesOdroSuvon to rabbitcoin [link] [comments]

Update from Vericoin Developers on future developments and beyond...Blockchain 2.0, Decentralized Usernames and Decentralized Anon.

Posted in the bitcoin talk thread
"Hey Guys, Check out our new dedicated timetable webpage for accurate updates on our progress. Thanks to Scott Allyn and Socal for devising a great platform for updates. http://vericoinnews.info/vericoin-roadmap/
Also if you haven't seen it yet check out the rest of the news site by Scott Allyn, it's really good. http://vericoinnews.info
If you missed it the new site is up www.vericoin.info
Regarding blockchain 2.0, we are taking our first practical step with 2.0 technologies by building in decentralized username support. Along with that will be a decentralized registration process and fully decentralized privacy/anon tech to preserve security and privacy of usernames. Writing whitepaper for this now."
"Listen guys I understand that in crypto the knee jerk reaction is to claim scam/dump, this is NOT the case here and we would prefer you honestly ask yourself if we are those type of people. You would actually be shocked how many times we have to convince people this is not a scam, even after doing all the things Shinraven mentioned.
Rule of thumb, if the devs are showing their face and names, they are generally not scammers/dumpers. If we wanted to have some big plot to dump or whatever we would have never revealed our names because we would know there would people after us essentially. It doesn't make any sense.
I'm probably not going to say this again because we have already moved forward but to be clear. The hack screwed up our timelines. The rollback took a couple days, getting the network stable took a few more, combating the FUD and conspiracy theories took a few more and is ongoing. The supernodes were DDOSed multiple times, which isn't really that big of a problem, but it is when your network is new like it was post rollback. We are beyond all this now so it's all ok.
However we did realize a few things: 1. ETA's usually cause more problems than they solve. The reason being, as you can see from the mintpal fiasco we cannot predict certain scenarios especially more extreme ones, and in crypto if you miss a deadline or the release is incomplete on the deadline, there is typically a dump. This is not because we didn't work but because we set deadlines that we were not able to meet for many reasons usually. Honestly there were multiple nights that I was up till 5am trying to meet a deadline, it's not a good approach.
  1. So if you need a strict ETA for investment reasons you are not going to get it here. With the help of Socal and Scott Allyn we have devised a new system for being clear with everyone about where we are, but without setting ourselves up for something we cannot always predict. http://vericoinnews.info/vericoin-roadmap/
  2. See it from our eyes for a moment. We put blood and sweat into VeriCoin and nearly watched it get killed by some hacker. Thankfully they were not successful and we hacked the hacker essentially. It's also now not possible to hack that much coin. However aside from the draining aftermath we had to recover ourselves, physically and emotionally. In addition Pat's grandfather passed away, Dave moved into a new house and so on. You add all these things up and yeah our schedule fell behind and we have been less active in the forums, but that is nothing compared to everything else.
  3. Now we are coming back and stronger than ever! Our network is stronger than it ever has been, 22 million staking today! Our community and coin persevered one of the most devastating attacks in crypto history! The community has rallied in a major price trough to build a news site devoted to VeriCoin, VRC Radio has a third DJ, the new website is out (big collaborative effort). All promised projects are very actively being developed in addition to totally new ones that move the ball forward even more! We need a strong community to build a strong currency and we have that! I say if you think you have what it takes, join us!"
Thanks to Doug aka EffectstoCause for the update
submitted by MAD945 to vericoin [link] [comments]

Important information about Mintpal Karma from the Karma Team

I have to put this on top since a lot of users are replying me back to this email.
Please do not reply back to this email. Please do not forward the email either. When you do that, your email gets gathered under the same subject tree and I have to find you individually. Please send your claim to me like you would send a brand new email
Dear Karma Mintpal users:
I, "Who" from The Karma Team would like to welcome you all to the official launch of Karma claim process.
This is the first email with steps on how to claim your Karma as recorded at Mintpal V1. Do not reply to this email. Please read the full email for instructions.
Thanks to Ferdous Bhai the Karma team was able to recover the Mintpal V1 wallet which wasn't moved to Moolah’s servers at the time they took control of Mintpal (Mintpal V2). Ferdous was also able to share with us Mintpal V1’s database with Karma holders contact information and account balances. From this database we are able to see how much karma each user had in their wallet at the time before Moolah were in control of Mintpal. With this information we are able return these Karma coins based on the information in Mintpal V1's database.
The total coins from wallet.dat of Mintpal V1 returned to me are less than the total coins from all the users at the Mintpal V1 database (last saved on August 1st, 2014). Because of this, I won’t be able to fully reimburse your account. I will send out only %90 of your coins first. Then I will go back and send the remainder. I calculate the ratio of wallet.dat vs database (wallet/Database) is around 92 percent (%).
IMPORTANT: Please read the Terms and Conditions on the end on what it would mean by participating in this claim followed up by additional information related to Karma. It would mean a lot if you will show your support as a gratitude to us at Karma for helping return your coins by bookmarking, following , sharing and tweeting all the Karma related services below.
The process:
You, the claimer, will email me at [email protected] (RETURN email) and ONLY on this email with your: *name, *user name, *email, the amount of Karma you believe you are owned, and the karma address you want your coins to be returned at. * These are the information you used to register with Mintpal exchange. Please do not spam these emails with questions. Use the forum to ask them. Reply back to this RETURN email with only the info requested above. Anything else will be ignored.
Please do not forward the email either. When you do that, your email get gather under the same subject tree and I have to find you. Please send your claim to me like you would send a new email
How I started and how i will handle this process:
If you are reading this, you are most likely reading it from the mass email i sent. Assuming this message will be shared around and posted in public forums. I will break down the step assuming it is being read from a public post. Here is the general break down:
  1. I sent out a mass email from either [email protected] or [email protected] (MASS email) to all the involved users (based on their Mintpal email address they registered with) to initiate the starting process.
  2. I opened a topic of discussion on the karma forums http://forum.givekarma.net/index.php?topic=54.0 where ALL related questions should be addressed. I also posted the content of this email in it.
  3. Once you (the claimer), have submitted an email with your claim info, I will send you 90% of the amount as shown on your Mintpal account based on the Mintpal V1 database. If the amount you claim is smaller than the amount in the Mintpal database then you will receive the Mintpal database amount. If the amount you claim is bigger than the amount in the Mintpal database then you will receive the Mintpal database amount. In the latter case then you will have to take the difference of what you are owned with Moolah personnel.
  4. This will be processed at first come first served basis. Keep in mind that the maximum amount of Karma i can send is 99,999,999.000 of coins at a time. This is a hard code limitation in the wallet. This could delay the process a bit, so be patient. Some users ahead of you might take some time to get their coins back. Our purpose is to return all the coins back to the rightful owners as soon as possible.
  5. After i am done with the first wave of the %90 of returned coin I will then return the remainder of the coins. You should expect a total of ~%92 of your coins returned at the end.
Affected Users: Please do not send your Mintpal exchange information to anyone else other than the RETURN email you are asked contact me with. In order to help preventing people from mistakenly clicking 'reply to all' I will be using two emails for this process. The MASS email will be used only to send the announcement to all the users involved just to notify them that the process is starting and where to send the info. The RETURN email will be used SPECIFICALLY for handling the claims. The RETURN email will be where users will be sending their information. DO NOT "reply to all" on the MASS email and share your Mintpal information or any kind of information that might jeopardize your account details. We will not be held accountable if you share your information with others.
If you want further information or have any other questions please ask them on the forum topic here http://forum.givekarma.net/index.php?topic=54.0
Thank you for being supportive and a great community.
Terms and conditions:
  1. By participating in the claim process at any point in time, you agree to the Terms and Conditions contained herein and numbered 1 to 4 (inclusive).
  2. The amount of Karma ,I from the Karma Team ("Who"), can return is limited if any of the following apply: a) You are unable to complete the claim process for any reason including but not limited to you not having access to the information you used to sign up to Mintpal; b) Your claim relates to amounts purchased after Moolah became in control of Mintpal; c) The Mintpal database is incorrect; d) I lose control or access to the wallet containing the Karma for any reason; e) You missed any deadlines or other time restrictions I put in place to limit the duration of the claim process; f) If somebody else claims the Karma allocated in your Mintpal account either validly or invalidly; g) If there is insufficient Karma to meet all claims; h) There is insufficient evidence to support your claim; i) Our incompetence, misappropriation of Kama or fraud; and/or j) Any other circumstance similar to a) to i) listed above that we might have not foreseen as possibilities arises.
  3. You agree that I am not liable or otherwise responsible, should any individual or multiple of the aforementioned circumstances be applicable to your claim.
  4. The aforementioned process will be based solely on the information I have in the Mintpal V1 database. This means that if you purchased any Karma on Mintpal V2 then you will need to seek recovery of your Karma from Moolah, as I am regrettably unable to assist you.

Additional Information:

If you are content with my effort I strongly invite you to bookmark, follow , share and tweet all the Karma related services below.
Main Karma Site :
Please Signup on the New Forum :
Follow us on twitter :
Follow us on Facebook Groups:
Subscribe on Reddit (this sub):
Bitcoin Talk Karma thread:
Follow Us On Personal Media channels

Bitwho

Lastly make sure you thank https://twitter.com/ferdousbhai for helping us out!!
Kind Regards,
"Who" of The Karma Team.
submitted by cryptowho to KarmaTeam [link] [comments]

A draft of a proposed, more-focused PR Newswire press release

Blackcoin is the green coin
The amount of electricity required to maintain Bitcoin’s security is legendary. Its miners are scouring the globe searching for areas with the least-expensive electricity rates. Unfortunately, these areas are where the least expensive renewable-energy resources exist in the world. Two months old Blackcoin has now been chosen by the crypto market as the current best environmentally-friendly alternative to Bitcoin.
All of the environmentally friendly crypto coins use what is called a pure Proof of Stake (PoS) protocol as opposed to the Proof of Work (PoW) alternative used by Bitcoin. Sunny King launched Peercoin in 2011 as a hybrid PoW/PoS coin that is intended to be the saving account complementing whatever coin turns out to be the best checking account cryptocurrency. Peercoin is now firmly in fourth place in market cap with no serious challenger in sight for its chosen niche.
The Russian crypto developer rat4 launched Blackcoin on February 24, 2014 at 6:00 UTC after making the customary announcement on February 16 on the Bitcoin Forum. Startup crypto exchange Mintpal quickly recognized the potential of rat4’s improvement of the design of the innovative Mintcoin protocol.
This helped catapult Blackcoin into 19th place in market cap by the start of April. Blackcoin obtained its current 9th place position after Coinkite chose Blackcoin to add to its terminals in June joining Bitcoin and Litecoin.
The electrical consumption required to maintain Bitcoin’s current security is gobbling up irreplaceable, renewable-energy resources in areas where they provide the less expensive options bar none. A recent study cited in the Wall Street Journal shows that the hash rate required for Bitcoin’s security last fall was one sixtieth (1 / 60) of what it is now. This hash rate inflation has been fueled by the tremendous profitability of large scale corporate mining operations and the mining technology explosion.
The largest known corporate Bitcoin mining operation is reported to be housed in a warehouse in Central Washington State where it takes advantage of the US’s lowest electricity rates bar none. The Spokane Review recently reported that a handful of additional competitors are about to pop up.
Washington State is the leader in hydroelectric generation with 29% of the total national capacity according to the US Energy Information Administration. It is 10th in wind energy production. Nevertheless, the whole state still has the lowest residential electric rates in the country.
The New York Times reported on a similar setup in Iceland, which may have the least expensive electricity of any country in the world. It is powered by hydro and geothermal resources.
These corporate mining operations compete against each other for the right to enter the next ledger page into the Bitcoin blockchain. The startups that produce the otherwise useless mining equipment are forced to make outrageous claims for their latest drawing board designs to get preorder payments to finance their production as has been well documented by CoinDesk in numerous articles.
Are we about to repeat the environmental disasters that followed the 1849 California Gold Rush and the wildcatting boom that began with the Spindletop oil gusher? This trend will continue as the Bitcoin mining technology improves at breakneck speed driven by the profitability resulting from the squandering of these irreplaceable resources.
In contrast, the stakeholders of pure PoS coins cooperatively provide the security using multitasking computers and even laptops. Sunny King’s protocol has now been tested on many alternative pure PoS coins. The market has now chosen Blackcoin to be the PoS checking account to Peercoin’s saving account.
The Bitcoin MIT Project will provision every undergraduate at that institution with $100 worth of bitcoins in the fall semester as an experiment. The MIT Blackcoin Project is currently being discussed by the Blackcoin Community on its reddit page. The proposal calls provisioning each MIT graduate student with $100 of the best environmentally friendly alternative to Bitcoin in the best technology crucible in the world.
If you are interested in learning more about Blackcoin and the MIT Blackcoin Project, please join the discussion with us at reddit.com/blackcoin/.
submitted by RJSchex to blackcoin [link] [comments]

The Pool Is Made

Hello,
Today i announce you the opening of the beta of CryptoPool.OVH, a multi-coin pool and multipool actually on scrypt. We are base in West Europe and we are DDOS Protected. Our pool is fully anonymous and don't need any account !
We are preparing some additional functionnality and we gonna add coin.
Today we don't have any forum yet but you can use that threat to talk with us.
Today : - Dogecoin, Litecoin, Earthcoin, LycanCoin PROP 0% Fee Stratum Pool - MultiPool Scrypt PROP 0% Fee Stratrum Pool (Indexed on Cryptsy, Mintpal, Poloniex) - No Account Needed - Stable Server - Europe West Pool
Tomorrow : - More Scrypt Coin - More SHA256 Coin - More Quark Coin - More X11 Coin - A multipool for each algorithm - A Forum - A LiveChat
Reddit : http://www.reddit.co...yptopooldotovh/ URL : http://www.cryptopool.ovh/
Want to start mining on multipool scrypt ? Server : stratum+tcp://euwpool.cryptopool.ovh:3000 User : public_key Pass : anythings Algorithm : Scrypt
Join Us On : http://www.cryptopool.ovh/
Our Mining Pool is without Fee but we like donation to pay server. CrypsyTradeKey : eee25f37865160c03bb5e357a0be27fc17cdc588 BitCoin : 1PLgpsmRgNC1i7t1XykASRBrNjWpW9RUA3 DogeCoin : DBTdewRvKptUcfPj6aQnFz9g125VMJx6nM LiteCoin : LhVJXNPtmWcaNmojfMrAs91MQrQwoVv4VH
submitted by azenko to cryptopooldotovh [link] [comments]

Bitcoin Bot - Mintpal, Cryptsy, Bittrex, BTC-E and many others YouTube IN-StadtMagazine - YouTube Altcoin Bitcoin Trading Bot Kraken, Binance, Coinbase, Bittrex, Poloniex, etc Ben Doernberg - YouTube

UK-based bitcoin and cryptocurrency-focused exchange, MintPal, has suffered from a successful attack against the exchange on Sunday morning. Discussion about the Bitcoin Forum. 335272 Posts 18210 Topics Last post by beardedqueen in Re: Question about being... on October 25, 2020, 11:56:44 PM Child Boards: New forum software, Bitcoin Wiki: Politics & Society. Moderator: Flying Hellfish. 479287 Posts 14934 Topics Last post by BADecker in Re: Petition to have Fau... on Today at 12:23:38 AM Beginners & Help. Moderator: MiningBuddy ... Mit Bitcoins kann man wundervoll spielen und investieren - aber man verliert sie schneller, als einem lieb ist. Denn das Internet ist ein furchtbarer Ort, an dem immer jemand darauf wartet, euch eure Bitcoins abzuknöpfen. Die Geschichte eines Lesers, der sehr viele Bitcoins verloren hat, zeigt, wie viel Eigenverantwortung die Kryptowährung ihren Nutzern abverlangt. Bitcoin Forum » Bitcoin Business » Marketplace » Goods » [WTS] Trading Platform (Market/Exchanger), MintPal-similar ; Advertise with us (we do not endorse any site advertised) « previous next » Print; Pages: [1] Go Down. Author Topic: [WTS] Trading Platform (Market/Exchanger), MintPal-similar (Read 1429 times) 0 Members and 1 Guest are viewing this topic. CoinFeeder. Newbie; Joined: Mar ... Największe Polskie Forum Bitcoin. Tu możesz porozmawiać i dowiedzieć się więcej o Bitcoinie. Jeśli potrzebujesz pomocy, zadaj pytanie.

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Bitcoin Bot - Mintpal, Cryptsy, Bittrex, BTC-E and many others

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Anders als ihr Name vermuten lässt, ist die VolkswagenStiftung keine Unternehmensstiftung, sondern eine eigenständige, gemeinnützige Stiftung privaten Rechts... David Schwartz CTO Talking XRP Price, Updates on Ripple Clients Azimo, Mercury FX, SBI and Amnis - Duration: 28:21. crypto Eri 9,946 views. New This video is unavailable. Watch Queue Queue. Watch Queue Queue To Advertise On My YouTube Channel, Telegram Channel/Bot Send Me An Email To: [email protected] If You Want To Buy Ad Space Or Advertise On My Websites Click Here: https://vhasenga.tech/index ...

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