Just wanted to hear people's thoughts and views on the PTS and why it's halved since beginning of year? I love this coin and think it has great potential along with BTS and others in the future. But what's been going on on the Exchanges? Same is happening with /memorycoin too. Are people not liking the new approach to BTS or something?
New to Cryptocurrency? Please read this, my advice from following the crypto community.
Hey folks -- Incredibly unexpectedly to me, DogeCoin seems to have struck a chord with the world, and now I'm seeing all sorts of new people into cryptocurrency. Welcome! To me, the cryptocurrency scene is utterly fascinating. However, as it is so new and money is involved, it can be quite dangerous. So, I'd like to share some advice that I've attained through being involved in the community for awhile:
The world of Cryptocurrency is the Wild West 2.0
This is the main point I want to make, and the rest are just supporting details. There are good people and there are scammers. There are opportunities to grow and learn and contribute cool things, and there are sharks that will take advantage of people and fraud them out of money. There are genuine market dynamics as well alongside massive manipulation, and it's hard to tell which is which without studying it for awhile. There aren't any rules, there can be rampant greed a times, there are always bubbles on bubbles on bubbles (see http://www.pbs.org/wgbh/nova/body/mind-over-money.html -- this basically shows that humans naturally make financial bubbles and how the entire market is ruled by psychology). I have no doubt that cryptocurrency will be studied for years, academically, as "what happens in a free market." Fascinating stuff. Just know what you're getting yourself into!
Never "invest" in Cryptocurrency more than you are willing to lose
First of all, buying cryptocurrency is not really investing, it's much closer to gambling. I have never recommended purchase of any crypto with dollars to anyone, but I always recommend mining, because it's quite inexpensive and makes it easier to treat these coins as magic funny money. Pretty much all cryptocurrency "value" is just the amount of bitcoin people are trading it for, and bitcoin is an extremely volatile asset that can and has dropped in value 50%+ overnight, and that isn't any different with DogeCoin. This is why I want to keep the DogeCoin community lighthearted. It's never fun to lose money, but everyone needs to understand that, unless they are just mining, any money they put into it can be lost. Not trying to scare everyone away! Just be careful.
If you decide you want to purchase, use exchanges, ebay/paypal is not generally recommended
Even though I wouldn't recommend purchasing over mining, if you insist, I would always recommend going through http://coinbase.com, purchasing bitcoin, and trading it for dogecoin at market value on one of the major exchanges (bter, vircurex, coinedup, imo. Cryptsy, as you have seen, is a bit of a toilet) as opposed to purchasing anything on ebay/paypal, even though it is faster. First of all, people mark up the price on ebay, because they are targetting newbies. Second of all, paypal will not honor any cryptocurrency agreement, so if the buyer files a dispute, the seller won't get the money - another reason for markup. This goes for selling as well, for the same reasons.
Use different passwords on different sites
The vast majority of people are honest, but not everyone, so be careful and diligent. Don't use the same password twice, set up 2-factor authentication wherever you can. Forums often get hacked and steal passwords, and sometimes site operators aren't safe and have your passwords hidden in plaintext.
Make wallet backups and encrypt your wallet
Your wallet.dat file holds are your coins. If you lose that, you are toast. If someone copies that file from you, they can steal all your coins. You want to encrypt it and use a very strong password, and back it up - on a thumb drive, etc. Or export the private key and write it down somewhere (google paper wallet for how to accomplish this) Note that there is a bug right now for some windows platforms when encrypting the wallet. I'll fix it soon..ish... >_<
Don't leave your coin in online exchanges or pools too long, or too much online wallets
When you're using an exchange, pool, or online wallet, keep in mind that at any point they can go down or be hacked. It's best to keep the payout threshold low in pools and only keep money in online exchanges you find trustworthy with 2-factor authentication. Considering its newness, DogeCoin does not yet have long running trusted services, so of course not saying dogewallet (or any other wallet service that will come about for dogecoin) is untrustworthy, but that it is a risk to keep too much coin in any type of online wallet. (Note - dogewallet turned out to be a unsafe/compromised/maybe a scam)
Consider Mining CPU Coins and GPU coins at the same time
If you're mining Dogecoin with a graphics card, you can also mine with your CPU at the same time (though generally you'll need to use MAX_CPU_THREADS - 1 to avoid issues). There are some coins that are essentially CPU only -- the most interesting of these, I find, are Primecoin and Protoshares. The easiest way to do this is to go through http://www.ypool.net and follow the instructions from that site. Both these coins are well established and have interesting algorithms. Mining two coins at once -- much profit!
Try not to become elitist! Continue being generous, welcoming, and have fun
This is my last piece of advice to all. This is the tone I hope to always keep for DogeCoin. The cryptocommunity is full of elitism and greed, and it makes sense in from a psychological standpoint. People get very invested and want to thwart away anything that entrenches on their territory. I hope that the DogeCoin community will never get that way. I want us to understand how that happens and resist it. Even though 5 new coins just came out that essentially cut and paste DogeCoin, we don't need to trash their coins and feign being superior to everyone - there will be many more popular coins that come out in the future. And really, I mean, c'mon. I slapped a dog on a coin :) Let's remember that and continue to do what I am seeing right now, which is incredibly welcoming, generous, and fun. Thanks folks. Enjoy your holidays :)
https://exchange.nexxuscorp.com/ We have released a new exchange with a large amount of DOGE major pairings. We hope you shibes like it :D You can trade doge for: Bitcoin Litecoin Infinitecoin Megacoin Novacoin Peercoin Primecoin Protoshares Quark Vertcoin Reddcoin
Right, I knew the day would come where I would have to sit down and sink some hours into trying to untangle Bitshares. I kept putting it off until yesterday, now I wish I had researched earlier (right before 28 Feb would have been nice!) I have been asked to write about Bitshares in the same way I covered Mastercoin and Maidsafe on www.deadloch.com. I want to reduce the time it takes to get a clear picture of the Bitshares landscape. Currently, the learning curve is prohibitively steep. I am a bitcoin, mastercoin, Maidsafe investor. The reason I’m not a Bitshares PTS, AGS or X investor is because I haven’t tied all the information together in order to balance probabilities. I don’t particularly want to spend days scouring forums. As the title alludes, I think I almost understand. Please be ruthless and clear with your corrections and suggestions. That way I can write an article so chumps like me can come to a foagainst decision quickly, less the frustration of trying to piece together fragments of information. The Bitshares idea has been nurtured by Daniel Larimer, CEO of Invictus. Invictus will create DAC’s in the future and release them to the public honouring holders of Bitshares PTS and Bitshares AGS with part ownership in these DAC’s. Other parties are able to create DAC’s under the bitshares banner, and it is optional whether they honour PTS and AGS holders with a stake. DAC: a decentralized autonomous company (DAC). Basically a cryptographic blockchain where the word, ‘coin’ has been replaced with ‘share’ and ‘dividends’ are paid by reducing the coin/share supply by destroying shares, usually through transaction fees. This increases the individuals % stake in the DAC over time. Bitshares: an overarching name for all DAC’s that spawn from Invictus’ ideas and code. Bitshares PTS: The rebrand name for the original ‘Protoshares’. Bitshares PTS was launched on the 5th November 2013. Bitshares PTS is just a copy of bitcoin with a few parameters tweaked (please help me flesh this out, mining, block discovery, clients, number of units, etc). Protoshare holders are guaranteed at least 10% ownership in any future DAC that Invictus releases, they are also likely to receive 10% in any future DAC that anyone else makes, although this is not a certainty. (please explain the whole social contract thing, and why 3rd parties will be encouraged to abide by it). Bitshares PTS will continue being held and traded and their value will be a proxy for the markets prediction on the value of all future DAC’s. Before the launch of new DAC’s, ‘snapshots’ will be taken of peoples Bitshares PTS balances and shares will be redeemed in new DAC’s according to these balances. Bitshares AGS: stands for Bitshares Angelshares. This is not a blockchain, and Bitshares AGS are not tradeable (not easily tradeable). The Bitshares AGS concept was started to raise proceeds for future development work. Like Bitshares PTS they will secure at least 10% stake in all future DAC’s (although some developers may choose not to honour this). 10,000 Bitshares AGS are available for purchase every day for another 80 days, you can purchase using bitcoin or Bitshares PTS. The amount you receive out of the 10,000 released on a day depends on your % of the total contributed on that day. There will only ever be 2mil Bitshares AGS. Once the Bitshares AGS crowd sale is over, I imagine if people wanted to get a stake in future DAC’s they would simply purchase Bitshares PTS on the open market, as they have exactly the same function (with the ability to be traded). Currently it is cheaper to get future stakes in DAC’s through Bitshares AGS, although if you buy, you’re in for the long haul, and will find it very difficult to liquidate. Bitshares X: This is the first DAC, made by Invictus. This will apparently be a big family of DAC’s all looking at providing banking/exchange features. The snapshot for this has already been taken, and it will be owned 50% by Bitshares PTS holders and 50% by Bitshares AGS holders (balances before the 28 Feb snapshot obviously). Bitshares X seems pretty awesome to be honest, the way that it plans to track the value of specific assets (Bitassets) is elegant, and I like that it won’t need an oracle (if it works). I need to spend a bit more time looking into the economics of the proposed value tracking to be more confident on it. If it works, it will be a killer feature. No doubt. Here’s where my confusion starts to set in. It seems like people tend just to say ‘Bitshares’ when really they mean ‘Bitshares X’. You can hold PTS, AGS and/or Bitshares X at this stage. Correct? Now, it sounds like it is planned to have many child DAC’s descending from the parent, Bitshares X. Does owning Bitshares X give you stake in all these child DAC’s? Is Bitshares X a chain in itself? How many Bitassets will it have riding on it? I understand there will be a limit. What happens when you want to create more Bitassets? Launch another child DAC? How will the parent, Bitshares X and future children communicate? Do they need to communicate? Will there be a client for Bitshares X? Is there any linkage to the real world in terms of getting value into the system? Fiat, bitcoins etc. Other parent DAC’s Such as insurance, music, voting, domains. These will be separate blockchains right? Is there any way for DAC’s to communicate with each other, or will there be a client for music a client for voting, and yet another client for banking/exchange? What makes a new DAC fall under the Bitshares banner? It seems like every project is completely separate and distinct from the other, with different blockchains different rules, different mining (?) different communities. What gels them together? Do they work in harmony or are they stand alones? Is the manner of launching a new DAC similar DAC to DAC? Is there some pool of resources that make it super easy for a developer to launch a Bitshares DAC project (toolkit?) I’ll leave it there. I’m sure I can’t be the only one asking these questions. I can’t wait to have that eureka moment where all the pieces snap into place. Help me get there! -Angus
Invictus Innovations Announces Initial Launch of AngelShares
FOR IMMEDIATE RELEASE: January 2, 2014 Invictus Innovations Announces Initial Launch of AngelShares Invictus Innovations is proud to announce AngelShares, a groundbreaking crowd funding campaign aimed to develop new decentralized autonomous companies (DACs). AngelShares are being made available just two months after the launch of ProtoShares, which rocketed to a $25 million dollar market cap in its first month. Although traded as a crypto-currency, Protoshares is unique in that its value is derived from a social contract. This contract grants those who hold ProtoShares a stake in Invictus' flagship DAC, a Decentralized Bank and Exchange called BitShares. Invictus expects to raise over $4 million dollars worth of ProtoShares and Bitcoin in the first quarter of 2014 through the release of AngelShares. To obtain AngelShares, individuals make a donation to a public ProtoShares or Bitcoin address from a local wallet. The record of every donation is recorded securely in the respective blockchain, and available for anyone to audit. Each day represents a new auction and a new opportunity to gain a stake in the future of BitShares as well as other DACs built using Invictus' open source software. AngelShares represents a fresh attempt to strike a balance between techniques used by Mastercoin, Ripple and others. Beginning January 1, AngelShares will be available to the public. Take advantage of this unique opportunity by donating today. To learn more or to participate, please visit: http://invictus.io/funding-angelshares.php AngelShares are an abstract concept, are non-transferable, and do not represent a legal contract between Invictus and those who send a donation. The value of owning AngelShares is derived entirely from the social contract enforced by voluntary actions of those who participate in the market.
Altcoins.com only a small list of the 200 alt. currencies online
Altcoins AltCoins.com is a list of Bitcoin alternatives Find out more about alternate cryptocurrencies, real alternatives to Bitcoin. This site contains useful information about every alt coin such as client download locations, mining guide, exchange info and more. Use this site to get familiar with live bitcoin alternatives. Use alt coins, mine and exchange them. Keep the alternate chains alive. SHA-256 alternate cryptocurrencies Altcoins using SHA-256, the same hashing algorithm as Bitcoin.
Alternate cryptocurrencies can be mined using the same hardware as for mining Bitcoins (mostly SHA-256 alt coins). While bitcoin mining is going to use FPGA and ASIC devices, scrypt based alt coins can be mined using GPU cards. Hybrid and CPU alternate cryptocurrencies Alt coins using other, innovative hashing algorithms
XPM – Primecoin QRK – Quark SRC – Securecoin Nxt – Next YAC – Yacoin SKN – Skeincoin PTS – Protoshares DRK – DarkCoin Curecoin OFF – Offerings to Cthulhu MED – MediterraneanCoin HTC – Huitongbi PGC – Pangucoin
If you don’t have a GPU or ASIC hardware you can still mine some of the CPU-only altcoins.
CEX.io Recent Posts CGB – Cryptogenic Bullion DGC – Digitalcoin Panda altcoins – PAND – PND – PANDA Pandacoin [PAND] – “The original scrypt Pandacoin” The Panda Coin [PND] – No premine scrypt PoW The Panda Coin [PANDA] – scrypt, 3% premine Elacoin [ELC] – Fair Elastic Scrypt PoW Feathercoin [FTC] Platinum Coin [PT] SHA-256 WorldCoin [WDC] – Coin Of The Future Categories Alternate cryptocurrencies ASC – AsicCoin BLC – Blakecoin BTC2 – Bitcoin Scrypt BTE – Bytecoin CGB – Cryptogenic Bullion CRC – Curecoin DEM – Deutsche eMark DGC – Digitalcoin DRK – DarkCoin DVC – Devcoin ELC – Elacoin FRC – Freicoin FTC – FeatherCoin HTC – Huitongbi I0C – i0coin IXC – Ixcoin KING – Kingcoin KRN – Ekrona MAX – MaxCoin MED – MediterraneanCoin MMC – Memorycoin 2.0 NMC – Namecoin NVC – Novacoin Nxt OFF – Offerings to Cthulhu PAND – Pandacoin PANDA – Pandacoin PGC – Pangu PND – Pandacoin PPC – Peercoin PT – Platinum Coin PTS – Protoshares QRK – Quark SKC – Skeincoin SRC – Securecoin TAG – Tagcoin TRC – Terracoin WDC – WorldCoin XPM – Primecoin YAC – Yacoin
https://exchange.nexxuscorp.com/ We have listing quark as a major pairing on our site. Quark can be traded or Bitcoin Litecoin Infinitecoin Megacoin Novacoin Peercoin Primecoin Dogecoin Protoshares Reddcoin and Vertcoin We hope you guys enjoy it! Also you can sell your products for quark with our market system for Quark: https://market.nexxuscorp.com/
Invictus Innovations Announces Initial Launch of AngelShares
Invictus Innovations is pound to announce AngelShares, a groundbreaking crowd funding campaign aimed to develop new decentralized autonomous companies (DACs). AngelShares are being made available just two months after the launch of ProtoShares, which rocketed to a $25 million dollar market cap in its first month. Although traded as a crypto-currency Protoshares is unique in that its value is derived from a social contract. This social contract grants those who hold ProtoShares a stake in Invictus' flagship DAC, a Decentralized Bank and Exchange called BitShares. Invictus expects to raise over $4 million dollars worth of ProtoShares and Bitcoin in the first quarter of 2014. To get AngelShares, individuals make a donation to a public ProtoShares or Bitcoin address from a local wallet. The record of every donation is recorded securely in the respective blockchain, and available for anyone to audit. Each day represents a new auction and a new opportunity to gain a stake in the future of BitShares and other DACs built using Invictus' open source software. AngelShares are an abstract concept, are non-transferrable, and do not represent a legal contract between Invictus and those who send a donation. The value of owning AngelShares is derived entirely from a social contract enforced by voluntary actions taken by those in the market. AngelShares represents a fresh attempt to strike a balance between funding techniques used by Mastercoin, Ripple and others. You can help build the future of banking by donating today! To learn more please visit http://invictus.io/funding-angelshares.php
How to have a crowdsale - best practices and lessons from Maidsafe
CrowdsaleBestPractices Crowdsale Best Practices "Let The Market Decide" Location of post: [https://github.com/DavidJohnstonCEO/CrowdsaleBestPractices#crowdsalebestpractices] TLDR: Future crowdsales are adopting the state-of-the-art characteristics of rewarding multiple demographics, a 30 day time window, capped numbers of tokens, and single currency pricing, but are also seeking to improve on this model by letting the market decide the price of their application’s digital tokens during a crowdsale using a sales volume based pricing model. Brief History of Crowdsales The market serves as the ultimate judge of value and price. With this in mind, let's consider the lessons we can take when it comes to interacting with the market in the realms of selling software, specifically in using the crowdsale model. Recently crowdsales of digital tokens that access software applications have become an increasingly popular option for entrepreneurs and developers to gain users and supporters for their projects. J.R. Willett held one of the first crowdsales in August 2013 when he was developing a protocol for smart property and a decentralized exchange built on top of the Bitcoin Protocol. This project would later be known as the, Metadata Archival by Standard Transaction Embedding Records Protocol or simply the MASTER Protocol AKA Mastercoin. J.R.’s crowdsale went on for a period of 30 days and raised more than 4,700 bitcoins (which were priced at the time around $100 each at the time). 91% of the new digital tokens (MSC) went to the crowdsale participants and 9% went to a core developer pool. This first successful use of the crowdsale model on top of the Bitcoin Protocol attracted many others to emulate it including, Counterparty, ProtoShares, and NXT just to name a few. Each project has tried a different model of selling digital tokens. For example, Countryparty burned the bitcoin contributions made to their generation address, and ProtoShares held an extended daily auction process for a period of 6 months. The proposed distribution pattern of digital tokens has also moved away from primarily rewarding the crowdsale participants, to that of rewarding multiple demographics such as miners, third party developers, core developers, and others that add value to these applications. This was evident in the MaidSafe crowdsale where the majority (70%) of their tokens will flow to “farmers” that provide storage space to the SAFE Network and then smaller pools of tokens for core developers (10%), and third party developers (10%) and finally the crowdsale participants (10%). MaidSafe was also innovative in being one of the first crowdsales to take multiple crypto currencies including bitcoin and mastercoin. However, it proved difficult to avoid arbitragers seeking to take advantage of either price or liquidity differences between the two currencies. The State of the Art With this history in mind, we come to the present and the state of the art when it comes to structuring a crowdsale of software for digital tokens. This state of the art can be described broadly as including: Rewarding multiple demographics, such as, core developers, third party developers, resource providers, crowdsale participants, and even users who are adding to the network effect of the application. Projects are focusing in on the 30-day time window as the best timeframe for holding a crowdsale (as was demonstrated before by Kickstarter). Many projects have opted for a capped number of total digital tokens available in their crowdsale and that will ever exist in their protocol. This is primarily in order to give the participants in the crowdsale the ability to judge the price of what they are purchasing. Many projects seem to be opting for accepting a single currency (bitcoin) during the period of their crowdsale in order to avoid issues with arbitrageurs pushing around the prices of the digital tokens involved in the crowdsale. Though it is worth adding that technical solutions for holding multi digital token crowdsales have been proposed for both the Master Protocol and Counterparty, however they have not yet been demonstrated in practice. Future Models for Crowdsales Future crowdsales are adopting the state of the art characteristics of rewarding multiple demographics, a 30 day time window, capped numbers of tokens, and single currency pricing, but are also seeking to improve on this model. Two near future examples of this are SWARM (June 17th) & API Network June 18th). [http://www.swarmcorp.com/] [http://www.apinetwork.co/] Both projects are rewarding a variety of demographics, have 30-day time windows, have a capped numbers of tokens, and single currency pricing, but both also include a new innovation in the way the price of their tokens is determined. That is, both projects have opted to let the market decide the proper price of their tokens. They are accomplishing this by setting a wide range of prices for their tokens during the crowdsale determined by the volume of bitcoin that is collected. Firstly, for example the API Network is offering API Coins (XAP) at a rate of 1.6 mBTC per XAP for the first 500 bitcoins worth of sales. The price increases to 2.13 mBTC per XAP during the sale of the next 1,000 bitcoins worth of XAP. The price then increases to 2.66 mBTC per XAP during the sale of the next 2,000 bitcoins worth of XAP. Lastly, the price increases to 3.12 mBTC per XAP during the sale of the last 4,692 bitcoins worth of XAP. Secondly, for example with SWARM if you participated in their early part of their crowdsale you would gain 5,250 SWARM coins per bitcoin you send in. This rate of SWARM declines the more bitcoin collected until four thousand BTC are collected and the price increases to 4,250 SWARM per bitcoin. This generation process could continue all the way until twenty one thousand bitcoin are collected and the generation rate falls to 3,750 SWARM per bitcoin. It is worth noting that neither the SWARM team or the API Network team expect to collect the maximum number of bitcoins by selling out all of their tokens (though it is possible if demand has been radically underestimated). Instead, both project have set a range of price points and are leaving it up to the market to decide the proper price of SWARM and API Coins (XAP). If the market decides these projects are highly valued, than the price of the coins will reach a higher level during the crowdsale. Conversely, if the market decides that these projects are not as highly valued, than the price of the coins will not rise as high during the crowdsale. Either way the pricing of these tokens is for the market to determine.
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Each Bitcoin exchange comes with its pros and cons. Study each one of them and know which one will work best for your Bitcoin trading. Before you start trading a substantial amount of money in any Bitcoin exchange, make sure you understand how it works properly. Also, it would be pertinent for you to have some cryptocurrency tracking app installed on your mobile device. This tracking app would ... Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins. Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up. Sign up to join this community. Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top Bitcoin . Home ... This site is dedicated to alternate digital p2p cryptocurrencies similar to Bitcoin. Those altcoins are real Bitcoin alternatives. Find out more about SHA-256, Scrypt, Keccak (SHA-3), PoW, PoS and more. Recent Posts. Altcoin lending; Altcoin Exchange for Profits; IQeon – decentralized gaming platform; aelf – Decentralized Cloud Computing; Tips to Invest in Cryptocurrency Exchange ... How to Buy ProtoShares Guide. ProtoShares is an exciting new addition to Bitcoin-inspired ideas, but unlike the other altcoins, ProtoShares is more of a crpto-equity than crypto-currency. This is a first of its kind, and frankly, I am quite excited about its prospects, especially given the promise that BitShares is going to be forked off of ProtoShares.
Bitcoin LIVE : BTC Weekly Candle Close Stream, HYPE! - Crypto Technical Analysis
New York Stock Exchange, Commodities, Bitcoin (BTC), Ethereum (ETH), and RIpple (XRP) Analysis. Cryptocurrency and Stock Technical Analysis and News. #bitcoin #crypto #live Send a Tip to the ... New York Stock Exchange, Commodities, Bitcoin (BTC), Ethereum (ETH), and RIpple (XRP) Analysis. Cryptocurrency and Stock Technical Analysis and News. #bitcoin #crypto #live Send a Tip to the ... New York Stock Exchange, Commodities, Bitcoin (BTC), Ethereum (ETH), and RIpple (XRP) Analysis. Cryptocurrency and Stock Technical Analysis and News. #bitcoin #crypto #live Send a Tip to the ... New York Stock Exchange, Commodities, Bitcoin (BTC), Ethereum (ETH), and RIpple (XRP) Analysis. Cryptocurrency and Stock Technical Analysis and News. #bitcoin #crypto #live Send a Tip to the ... Globitex ICO Review Scored 81/100 Globitex is an Institutional grade cryptocurrency exchange which Facilitates global trade using Bitcoin as a medium of exchange. They Beta launched allowing ...