BITCON... WHY its totally FLAWED

Hmm, Speculation time, do you think there is room for more than one crypto currency? if so, litecoin would probably be the second one? if so, mine litecoin?
 
I'm mining Litecoin regardless.

It's the most profitable to mine at the moment. If you want any other cryptos, just mine LTC and then move them to whatever you want.
 
I believe LTC is the only one that current can be used to buy things (happy to be corrected).

Atlantis has started up on TOR, clone of Silk Road except they also accept LTC.

Next to no sales volume there though so far.
 
Hmmm, I'm actually considering the possibility of getting out now. I know, I know... :) But I'm thinking, let's say it "only" gets back down to 100. I would be quite happy getting back in there if I got out around 200 or so, even if it subsequently went to 300 or more as long as it drops back down.. Still just thinking at the moment, but I do feel a lot of this money is just speculative at the moment...

Decisions, decisions....
 
Guys be really careful trading virtual currency with randoms, seems to attract some ultra dodgy unethical people,

i have been scammed twice.. once through gumtree and once through btc-e.com through pm, both cases i paid money into account and never recieved cyrpto..

I managed to get the money back through paypal and i went to the bank today and they think ill get my cash bank for the within australia bank deposit.

i was just desperate to acquire LTC so was prepared to take the risk.... but i have learnt my lesson now im not ever going to trust a random again.. its a horrible feeling.

Did you guys see TRC hasnt coped at all well with its birth on BTC-E and has crashed.. miner blocks are not being awarded.. the price has plummeted, people are saying its dead.

Think DEVcoin and PPC are the two yet to fully emerge.

1for1
 
RetardedMonkey said:
I'm still putting a lot of eggs in the PPC basket.

And sucks that you got scammed mate. Large sums?
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Hey.. i have 500 ppc but i want many more..

both trades were for less than $500 each.. and i should get both lots of money back i hope

Still cant work out how to mine PPC on Coinotron.. gonna try again.. have you looked at Devcoin?

1for1
 
1for1 said:
Guys be really careful trading virtual currency with randoms, seems to attract some ultra dodgy unethical people,

i have been scammed twice.. once through gumtree and once through btc-e.com through pm, both cases i paid money into account and never recieved cyrpto..
Click to expand...

Damn that sucks big time.

I was doing it on a weekend, and anyone who I felt I didn't trust I actually waited until the LTC appeared in my wallet before I clicked confirm on the deposit since it wasn't going to appear in their account until Tuesday anyway.

I'll be a lot more vigilant if I try it again though.

Edit - I tried mining PPC on Coinotron with my crappy 6670 AMD just for fun, mined for 5 hours at 105 Mhash rate and only got 0.7 of a PPC...does that seem about right...seemed very low to even with the low end GPU. Works out to what...30c?
 
1for1 said:
Still cant work out how to mine PPC on Coinotron.. gonna try again.. have you looked at Devcoin?
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Not looked at Devcoin. Look good?

Only got about 1100 PPC at moment. I feel I need to pump more AUD into this, because other ways of getting the coins aren't as quick!

Mining on Coinotron with PPC

url: http://coinotron.com
port: 8322

setup a few workers and make sure they're selected to do PPC.
 
The issue with PPC is that there's some huge amounts being thrown around.

0.00278 77569.16804666 215.64228716

Like that ^^ ... 77,000 PPC buy order.
 
$200 isn't huge. If I was going to speculate in it, that's probably how much I'd spend. In fact... hmmmm....
 
I bought some PPC and sold out pretty quick, it seems suss to me.

Software cap of 2 billion coins max (which can be increased), and its a centralised currency from what I have read.

Theres also rumours the devs pre mined a crapload of coins.

Also, as above...would 5 hours at 105 Mhash (coinotron.com) only net like 0.7 PPC - sound right?
 
pro$pector said:
I bought some PPC and sold out pretty quick, it seems suss to me.

Software cap of 2 billion coins max (which can be increased), and its a centralised currency from what I have read.

Theres also rumours the devs pre mined a crapload of coins.
Click to expand...
You're thinking of Novacoin (NVC).
 
$183... Still many buyers out there.
Also I reckon, people who have decided to get involved a couple of weeks ago are probably just coming online now, with the MtGox verify delays + time to deposit cash...the graph looks pretty much vertical right about now. I am split between the following scenarios:

- it keeps going higher then a strong vertical correction
- it slows down after reaching a certain level and somehow stabilise around that level

Thoughts? :)
Pure speculation i know hehe
 
1for1: it sucks mate, I hope you safely get your cash back. Keep us posted.

I have heard that MtGox is considering introducing support for LTC at some point in the future...but of course nothing sure.
 
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