Bitcoin vs. Dogecoin Narrative Robert McGrath's Blog

Overview of Major Risks of Buying Nyancoins - Version 6

This is the sixth version of the NYAN risks document (based on v5 (v4 (v3 , v2 and original)). These are obsoleted periodically as the old ones get archived to allow for comments again via a new post, to re-examine the risks in light of changes, and for greater visibility.
The purpose of these documents is to provide a best-effort discussion of major risk factors in gambling on NYAN, modeled on the risks disclosure in a 10k (annual report) which is mandated for publicly traded companies in the United States. This document is provided with no guarantee that major risk factors have not been missed, and it is important to recognize my (coinaday) personal bias from holding about one-third of the total supply of NYAN.
Please comment on any risks which are not mentioned here or additional aspects of risks here you think should be further emphasized or any other possible disclosure you think would be helpful to a person considering gambling on NYAN.
Executive summary
Nyancoins have no exchange, no core developer at the moment, uncertain demand, have had inconsistent blocks, are very vulnerable to 51% attacks, have the potential for serious bugs, an uncertain legal situation, concentrated ownership, low liquidity, depend upon the Internet, may be addictive, and could make you wealthy, which has been alleged to lead to more problems.
Introduction: This is my best attempt to collect every major risk factor from buying Nyancoins, although I can offer no warranty of fitness for this information for any purposes. I believe in honesty and forthrightness. Having this available and obvious is a simple matter of basic decency. Much, hopefully all, of this information has been discussed previously in /nyancoins, but this document in particular is about being up-to-date and central. This page will be updated clearly as appropriate if situations change on a best-effort basis (which may mean updates do not happen for months at times, unfortunately; please ping for faster updates).
If you believe that I am missing something, please note any other major risks you see in the comments.
Exchanges:
Nyancoins are not currently traded on any exchange. It may be listed on one minor exchange but have no volume there. Obviously an unlisted cryptocurrency is in a bad situation. I hope to see us gain a listing on an exchange which supports low volume coins in 2020 but I have no current prospect of this and it should be considered a longshot at best.
Previously we traded on Trade Satoshi and prior to that on Cryptopia and prior to that on Cryptsy. All three exchanges failed us (Trade Satoshi delisted without allowing withdrawal; Cryptopia delisted and failed to provide withdrawal and then went bankrupt; Cryptsy went bankrupt). This is a further reminder that exchanges are a major risk and one should be extremely careful to not keep more coins on there than one can comfortably afford to lose.
In theory, there are decentralized exchange technologies, notably CATE; however, I think we currently lack some needed APIs for this. I'm not certain but we haven't demonstrated the capability yet. On-Reddit exchanges are also possible with tipbots, but require trust as they are not atomic. It should be possible to build an "exchangebot" similarly, although I'm not currently aware of one, but my concept would still have the bot as a trusted central party.
Atomic cross-chain transactions seem to me like a very promising core technology ultimately for building exchanges which can be more proveably secure. They could also allow exchanges to share a common listing protocol as well without having to trust the other exchanges (at least, beyond the core protocol development and maintenance; tanstaafl). This is not yet accomplished though and in the meantime we remain vulnerable to periodic exchange failures.
Core developer: Although we have good general tech support in this community and have put up supporting infrastructure, there is not anyone officially currently working on core client code. This is a significant problem for the long-term, although we are not in any immediate known need of changes.
ImASharkRawwwr has returned to the community and may do future client updates, but I'm leaving the lack of core developer risk unchanged until there is an update released. This is not intended as a slight in any way but merely being cautious in the risks document and recognizing that we aren't certain when or if there will be a next release.
Demand: NYAN was introduced in 2014 and during the second half of that year had so little demand that it almost died out. In January 2015 I got involved in the coin and for most of 2015 and 2016 I was the majority of the buying pressure. I base these statements on my recollection of the trading history so far and the fact that I have acquired more than 120 million coins, somewhere around 41% of the coins (latest hodling report, June 2017), as well as my observations that I had usually had the leading major bid, and usually the leading bid regardless of size.
In 2017, I have generally not been a major factor in the demand, as I haven’t had money to spare to gamble on NYAN. In June 2017, we have had a spike in buying from an unknown source.
It is unknown whether significant demand for NYAN will continue. Because its value is purely speculative, it is entirely possible that demand for NYAN could simply end. This is a fundamental risk in gambling on NYAN; it is entirely possible that its value will go to zero and not recover.
By the end of 2019, we lost exchange listing. I know of no current demand for NYAN. I hope to see us listed and demand exist in the future but should not be relied upon. NYAN last traded around 9 satoshi according to coinmarketcap but it may well not even trade that high even if relisted someday - there could be a flood of selling and no buyers.
Inconsistent blocks:
Although NYAN is designed to produce a block every minute, there have been times where there has been more than 24 hours between blocks. This results because of an imperfect difficulty function and low base hashing, along with price fluctuations, which can combine to have a low difficulty making the coin attractive for a flood of hashing power which can lead the difficulty function to overcompensate, leaving it stuck with a high difficulty no longer profitable to mine.
I haven’t observed this lately, that is, I don’t recall incidents of this in 2017, but I’ve been paying far less attention to it as well. It is entirely possible for this to recur, as the difficulty function is not fixed (it would require a hard fork to fix it). We seem to have more baseline hashing which helps to avoid this, but it is possible for us to lose that.
A workaround is to use large transaction fees (I've set my client to 337 NYAN) which is enough to cause pools to generally solve a block even if the chain were otherwise stuck. It may be possible to include a better difficulty function in a hard fork client, but it is unknown when if ever this would be done and it's not yet clear what design improvement if any would fix this.
51% attack: Because of the generally quite low hashing power on NYAN, it is highly vulnerable to a 51% attack. Either a leading pool or a new one could choose to do a denial-of-service attack, whether for extortion, lulz, or some other reason (like coinaday being annoying). Such an attack is capable of preventing any transaction processing for as long as it is sustained. I consider this a relatively low risk since I expect we would simply wait it out (and potentially not even notice such an attack for quite a while given the low volume of transactions currently), but it is definitely a potential vulnerability.
Bugs: It is possible that there are bugs in the underlying code. I have never read through all of the bitcoin or nyancoin code, of any version, nor even studied the original bitcoin whitepaper in depth (by the way, we oughta make up a nyancoin whitepaper or ten someday), meaning I have no professional or technical knowledge about whether or not the system is fundamentally sound. I've been going based on "it seems to be working, so it's probably fine", which is, shall we say, more of an engineering than scientific approach.
I have heard reference to a "time warp" bug vulnerability in the KGW difficulty function which Nyancoins has. I do not know details and my understanding is a fix to this would require a fork to change the difficulty function, so I do not anticipate a fix before NYAN3, the term for an eventual hard fork, but it is unknown when if ever this would be done. I consider this vulnerability to be likely to be related to the fundamental weakness to difficulty spikes after large amounts of hashing jumps on the network. Hostile (or simply passing interest with large capacity) hashing does degrade the performance of the network. As a workaround, this class of attack can be mitigated with a transaction to 'unstick' the chain after, since the difficulty function will adjust in the next block after enough wall-time has passed since the last block (so only need one high difficulty solve which can be triggered by a transaction fee).
Legal: Bitcoin faces uncertain legal situations in almost every country. Nyancoin is even more uncertain, as people tend to consider bitcoin and not address impacts on altcoins. Between the potential tax implications and banking regulations and currency laws, there are a wide variety of ways a person could make a felony-level mistake. This can be somewhat mitigated by merely buying and holding, as you won't be responsible for KYC/AML presumably (although an argument could be made in your purchase), and presumably unrealized capital gains wouldn't be taxable (but I am neither a lawyer nor accountant nor any sort of expert on the relevant accounting laws in any country).
Somehow getting legal opinions for Nyancoins in every country would be very useful in my opinion. If Bitcoin and altcoins are well-studied in a given country it should be relatively easy to adapt those opinions and research to Nyancoins, but it would still require some pro bono work in any case. So...hopefully we'll get some lawyer Nekonauts someday who are willing to semi-officially give us an opinion. In the meantime...hope that common sense can save you. If you sell Nyancoins directly, you're going to need to comply with the KYC/AML types of laws of your country. If you're going to do banking operations...may the central bank have mercy on your soul.
I think the best advantage we have is the same bitcoin had for its first years: we're too small for anyone to care. But since we plan to grow significantly, we need to be aware of our legal issues upon scale. Which is to say, whether or not you're allowed to sell 10,000 NYAN to your friend probably has a lot to do with whether your friend legally acquired whatever is being offered in exchange, and whether the value of what you get in return is above a certain level or not. I'm not going to try guessing that level precisely because I know I'll be wrong. $1 is probably fine. $10,000 is probably illegal without some significant licensing. I would suggest either not touching fiat or else deliberately capping it without verification after getting an independent local expert legal opinion.
concentration: The fact that I hold about 41%(? not sure the exact percentage as of Dec 2017 ; need to do updated survey to check; 41% sounds slightly high to me but I'll see...I'll try to update by the end of the year or shortly after) of the currently outstanding NYAN could be a major risk factor, particularly if I do not act in the best long-term interests of the strength of Nyancoins. For instance, I could pull my bids, sell only a small part of my holdings, crash the market, and potentially buy a lot of volume for a lower price. While I cannot foresee any circumstance under which I would do this, it is certainly conceivable that I could be financially, legally, or morally obligated to do so if I were to become insolvent.
Liquidity: There is very little trading activity in NYAN. Therefore, large purchases will drive the price up and large sales will drive the price down. This means that entering and exiting a position is likely to result in "slippage", so even if the price has increased slightly overall since the time before one entered a position to the time before one exits it, it is quite possible that the overall trade will be neutral or negative as a result of the pressure on the market. For an extreme example, my own position would be essentially impossible to exit from the market without crashing the price, and even so it would likely be difficult to find buyers even at a satoshi, based on that I currently am the majority of the bids on the market. This is closely tied to the concentration risk but if I were to exit NYAN for any reason or simply fail to continue to renew bids the liquidity would dry up even further.
At the end of 2019, having no exchange, there is functionally zero liquidity. In theory peer to peer trading could still be done but I’m unaware of any.
Internet outage: if the Internet goes down, we hit a very nasty scenario. We can't process transactions, and all the miners go into a race to make 'useless' blocks on their own. If the Internet were never to come back up, Nyancoins would be dead. If there is a daylong internet outage, the longest blockchain discovered after, presumably representing the most hashing power dedicated to empty blocks during that outage, will win. So I suppose the block rewards in that case are for having the faith in Nyancoins to keep hashing and storing the blockchain during the day without the Internet.
addictive: This was a curiosity to me when I started. Now it's an obsession for me. I'm constantly thinking about how I can help to smooth the path for Nyancoins to grow stronger and better and more valuable. You may find that once you start to realize the impact you can have upon Nyancoins, and that Nyancoins can have upon you, that you start to become addicted as well. It is possible to substitute another addiction in its place, such as dogecoins or pcp, but it is not recommended.
Nyancoin addictions are considered 'mostly harmless'. The exception is if you go 'full coinaday' and start to accumulate more than 10% of your assets in Nyancoins. In this, this is essentially a variety of gambling addiction. I would argue that it beats roulette because you can tilt the odds in your favor, but then, I would argue that, wouldn't I?
mo' nyan mo' problems: Some people have claimed that more money leads to more problems. Since nyan is money, it follows as a consequence of the conjecture. Should this be the case, your increasing nyan could potentially lead to such problems in the future as: enhanced attention from revenue collection services of all kinds (governmental and private), swarms of fake friends and gold-diggers, excessive risk-taking as a result of feelings of invincibility, an increase in certain varieties of targeted marketing, possible disqualification for asset-based welfare for you (or even your children, for instance college financial assistance), an inability to remember how many houses you own, or other serious problems.
Conclusion
The lack of any exchange trading Nyancoins is a major risk factor in its future survival. If it is listed, the lack of development is likely the next most serious. The coin currently survives but whether it will continue to do so in the future is far from certain. If those of us who have found or come back to NYAN choose to keep it alive, I believe it still has a chance at surviving into a stronger future.
This self-certified infallible message has been brought to you as a Public Service Announcement of the NYAN Public Relations Council, a transparent front organization of notoriously lovable philanthropist and major NYAN hodler coinaday.
submitted by coinaday to nyancoins [link] [comments]

Overview of Major Risks of Buying Nyancoins - Version 5

This is the fifth version of the NYAN risks document (based on v4 (v3 , v2 and original). These are obsoleted periodically as the old ones get archived to allow for comments again via a new post, to re-examine the risks in light of changes, and for greater visibility.
The purpose of these documents is to provide a best-effort discussion of major risk factors in gambling on NYAN, modeled on the risks disclosure in a 10k (annual report) which is mandated for publicly traded companies in the United States. This document is provided with no guarantee that major risk factors have not been missed, and it is important to recognize my (coinaday) personal bias from holding about one-third of the total supply of NYAN.
Please comment on any risks which are not mentioned here or additional aspects of risks here you think should be further emphasized or any other possible disclosure you think would be helpful to a person considering gambling on NYAN.
Executive summary
Nyancoins have no core developer at the moment, uncertain demand, are traded actively on only one exchange, have had inconsistent blocks, are very vulnerable to 51% attacks, have the potential for serious bugs, an uncertain legal situation, concentrated ownership, low liquidity, depend upon the Internet, may be addictive, and could make you wealthy, which has been alleged to lead to more problems.
Introduction: This is my best attempt to collect every major risk factor from buying Nyancoins, although I can offer no warranty of fitness for this information for any purposes. I believe in honesty and forthrightness. Having this available and obvious is a simple matter of basic decency. Much, hopefully all, of this information has been discussed previously in /nyancoins, but this document in particular is about being up-to-date and central. This page will be updated clearly as appropriate if situations change on a best-effort basis (which may mean updates do not happen for months at times, unfortunately; please ping for faster updates).
If you believe that I am missing something, please note any other major risks you see in the comments.
Core developer: Although we have good general tech support in this community and have put up supporting infrastructure, there is not anyone officially currently working on core client code. This is a significant problem for the long-term, although we are not in any immediate known need of changes.
ImASharkRawwwr has returned to the community and may do future client updates, but I'm leaving the lack of core developer risk unchanged until there is an update released. This is not intended as a slight in any way but merely being cautious in the risks document and recognizing that we aren't certain when or if there will be a next release.
Demand: NYAN was introduced in 2014 and during the second half of that year had so little demand that it almost died out. In January 2015 I got involved in the coin and for most of 2015 and 2016 I was the majority of the buying pressure. I base these statements on my recollection of the trading history so far and the fact that I have acquired more than 120 million coins, somewhere around 41% of the coins (latest hodling report, June 2017), as well as my observations that I had usually had the leading major bid, and usually the leading bid regardless of size.
In 2017, I have generally not been a major factor in the demand, as I haven’t had money to spare to gamble on NYAN. In June 2017, we have had a spike in buying from an unknown source.
It is unknown whether significant demand for NYAN will continue. Because its value is purely speculative, it is entirely possible that demand for NYAN could simply end. This is a fundamental risk in gambling on NYAN; it is entirely possible that its value will go to zero and not recover.
Exchanges:
Trade Satoshi is currently the only exchange for Nyancoins with significant volume. If Trade Satoshi were to fail somehow, it is likely that this would have significant consequences for Nyancoins.
Previously we traded on Cryptopia and prior to that on Cryptsy. Both exchanges failed. This is a further reminder that exchanges are a major risk and one should be extremely careful to not keep more coins on there than one can comfortably afford to lose.
In theory, there are decentralized exchange technologies, notably CATE; however, I think we currently lack some needed APIs for this. I'm not certain but we haven't demonstrated the capability yet. On-Reddit exchanges are also possible with tipbots, but require trust as they are not atomic. It should be possible to build an "exchangebot" similarly, although I'm not currently aware of one, but my concept would still have the bot as a trusted central party.
Atomic cross-chain transactions seem to me like a very promising core technology ultimately for building exchanges which can be more proveably secure. They could also allow exchanges to share a common listing protocol as well without having to trust the other exchanges (at least, beyond the core protocol development and maintenance; tanstaafl). This is not yet accomplished though and in the meantime we remain vulnerable to periodic exchange failures.
Inconsistent blocks:
Although NYAN is designed to produce a block every minute, there have been times where there has been more than 24 hours between blocks. This results because of an imperfect difficulty function and low base hashing, along with price fluctuations, which can combine to have a low difficulty making the coin attractive for a flood of hashing power which can lead the difficulty function to overcompensate, leaving it stuck with a high difficulty no longer profitable to mine.
I haven’t observed this lately, that is, I don’t recall incidents of this in 2017, but I’ve been paying far less attention to it as well. It is entirely possible for this to recur, as the difficulty function is not fixed (it would require a hard fork to fix it). We seem to have more baseline hashing which helps to avoid this, but it is possible for us to lose that.
A workaround is to use large transaction fees (I've set my client to 337 NYAN) which is enough to cause pools to generally solve a block even if the chain were otherwise stuck. It may be possible to include a better difficulty function in a hard fork client, but it is unknown when if ever this would be done and it's not yet clear what design improvement if any would fix this.
51% attack: Because of the generally quite low hashing power on NYAN, it is highly vulnerable to a 51% attack. Either a leading pool or a new one could choose to do a denial-of-service attack, whether for extortion, lulz, or some other reason (like coinaday being annoying). Such an attack is capable of preventing any transaction processing for as long as it is sustained. I consider this a relatively low risk since I expect we would simply wait it out (and potentially not even notice such an attack for quite a while given the low volume of transactions currently), but it is definitely a potential vulnerability.
Bugs: It is possible that there are bugs in the underlying code. I have never read through all of the bitcoin or nyancoin code, of any version, nor even studied the original bitcoin whitepaper in depth (by the way, we oughta make up a nyancoin whitepaper or ten someday), meaning I have no professional or technical knowledge about whether or not the system is fundamentally sound. I've been going based on "it seems to be working, so it's probably fine", which is, shall we say, more of an engineering than scientific approach.
I have heard reference to a "time warp" bug vulnerability in the KGW difficulty function which Nyancoins has. I do not know details and my understanding is a fix to this would require a fork to change the difficulty function, so I do not anticipate a fix before NYAN3, the term for an eventual hard fork, but it is unknown when if ever this would be done. I consider this vulnerability to be likely to be related to the fundamental weakness to difficulty spikes after large amounts of hashing jumps on the network. Hostile (or simply passing interest with large capacity) hashing does degrade the performance of the network. As a workaround, this class of attack can be mitigated with a transaction to 'unstick' the chain after, since the difficulty function will adjust in the next block after enough wall-time has passed since the last block (so only need one high difficulty solve which can be triggered by a transaction fee).
Legal: Bitcoin faces uncertain legal situations in almost every country. Nyancoin is even more uncertain, as people tend to consider bitcoin and not address impacts on altcoins. Between the potential tax implications and banking regulations and currency laws, there are a wide variety of ways a person could make a felony-level mistake. This can be somewhat mitigated by merely buying and holding, as you won't be responsible for KYC/AML presumably (although an argument could be made in your purchase), and presumably unrealized capital gains wouldn't be taxable (but I am neither a lawyer nor accountant nor any sort of expert on the relevant accounting laws in any country).
Somehow getting legal opinions for Nyancoins in every country would be very useful in my opinion. If Bitcoin and altcoins are well-studied in a given country it should be relatively easy to adapt those opinions and research to Nyancoins, but it would still require some pro bono work in any case. So...hopefully we'll get some lawyer Nekonauts someday who are willing to semi-officially give us an opinion. In the meantime...hope that common sense can save you. If you sell Nyancoins directly, you're going to need to comply with the KYC/AML types of laws of your country. If you're going to do banking operations...may the central bank have mercy on your soul.
I think the best advantage we have is the same bitcoin had for its first years: we're too small for anyone to care. But since we plan to grow significantly, we need to be aware of our legal issues upon scale. Which is to say, whether or not you're allowed to sell 10,000 NYAN to your friend probably has a lot to do with whether your friend legally acquired whatever is being offered in exchange, and whether the value of what you get in return is above a certain level or not. I'm not going to try guessing that level precisely because I know I'll be wrong. $1 is probably fine. $10,000 is probably illegal without some significant licensing. I would suggest either not touching fiat or else deliberately capping it without verification after getting an independent local expert legal opinion.
concentration: The fact that I hold about 41%(? not sure the exact percentage as of Dec 2017 ; need to do updated survey to check; 41% sounds slightly high to me but I'll see...I'll try to update by the end of the year or shortly after) of the currently outstanding NYAN could be a major risk factor, particularly if I do not act in the best long-term interests of the strength of Nyancoins. For instance, I could pull my bids, sell only a small part of my holdings, crash the market, and potentially buy a lot of volume for a lower price. While I cannot foresee any circumstance under which I would do this, it is certainly conceivable that I could be financially, legally, or morally obligated to do so if I were to become insolvent.
Liquidity: There is very little trading activity in NYAN. Therefore, large purchases will drive the price up and large sales will drive the price down. This means that entering and exiting a position is likely to result in "slippage", so even if the price has increased slightly overall since the time before one entered a position to the time before one exits it, it is quite possible that the overall trade will be neutral or negative as a result of the pressure on the market. For an extreme example, my own position would be essentially impossible to exit from the market without crashing the price, and even so it would likely be difficult to find buyers even at a satoshi, based on that I currently am the majority of the bids on the market. This is closely tied to the concentration risk but if I were to exit NYAN for any reason or simply fail to continue to renew bids the liquidity would dry up even further.
Internet outage: if the Internet goes down, we hit a very nasty scenario. We can't process transactions, and all the miners go into a race to make 'useless' blocks on their own. If the Internet were never to come back up, Nyancoins would be dead. If there is a daylong internet outage, the longest blockchain discovered after, presumably representing the most hashing power dedicated to empty blocks during that outage, will win. So I suppose the block rewards in that case are for having the faith in Nyancoins to keep hashing and storing the blockchain during the day without the Internet.
addictive: This was a curiosity to me when I started. Now it's an obsession for me. I'm constantly thinking about how I can help to smooth the path for Nyancoins to grow stronger and better and more valuable. You may find that once you start to realize the impact you can have upon Nyancoins, and that Nyancoins can have upon you, that you start to become addicted as well. It is possible to substitute another addiction in its place, such as dogecoins or pcp, but it is not recommended.
Nyancoin addictions are considered 'mostly harmless'. The exception is if you go 'full coinaday' and start to accumulate more than 10% of your assets in Nyancoins. In this, this is essentially a variety of gambling addiction. I would argue that it beats roulette because you can tilt the odds in your favor, but then, I would argue that, wouldn't I?
mo' nyan mo' problems: Some people have claimed that more money leads to more problems. Since nyan is money, it follows as a consequence of the conjecture. Should this be the case, your increasing nyan could potentially lead to such problems in the future as: enhanced attention from revenue collection services of all kinds (governmental and private), swarms of fake friends and gold-diggers, excessive risk-taking as a result of feelings of invincibility, an increase in certain varieties of targeted marketing, possible disqualification for asset-based welfare for you (or even your children, for instance college financial assistance), an inability to remember how many houses you own, or other serious problems.
Conclusion
There are a variety of different risks in buying Nyancoins. I believe the most serious one is the developer issue. If those of us who have found or come back to NYAN abandon it, it could die. Otherwise, I consider the risks generally manageable, but exchange failure or a currently unknown bug could do serious damage to the ecosystem as well.
This self-certified infallible message has been brought to you as a Public Service Announcement of the NYAN Public Relations Council, a transparent front organization of notoriously lovable philanthropist and major NYAN hodler coinaday.
submitted by coinaday to nyancoins [link] [comments]

How to accept Dogecoin with your business, and why. A few pointers.

THE UPDATED VERSION OF THIS POST CAN BE FOUND HERE.
You are a business owner and sell goods or services. You heard about Dogecoin. You wonder how you can use it in your business. This thread is for you.
If you have no idea what Dogecoin is, read up on it here (click). In short, it is a digital currency that is perfect for everyday use. Read on if you want to know why it would be good for your enterprise.
Why should I accept payments in Dogecoin? 
Dogecoin offers you:
Dogecoin can be exchanged to national currencies. You can do this easily by yourself or use the automatic conversion offered by some payment processors (all is explained further down). You can also just keep your Dogecoin and spend it or offer it to your employees! :)
Dogecoin is fun and it gets ever more useful the more people like you use and accept it. There are other merchants who have gone this path before you - you can read interviews about them and their experiences on this blog. You can also talk with other merchants in /dogevendors, check out these testimonials ([1, 2], 3), search this subreddit and post any questions you have right here!
I want to accept donations. What are my options? 
Just download the client and put up the wallet address up on your page with donation info. Done! That's it! If you want something snazzy, check out this widget or this one (or this one) (or this one).
If you need to track who sent you how much money (for goodies and that), you could ask that donators tell you that they're sending you a very specific amount of coins (e.g. 100.424242), and match it to their name. However, this can be abused as your transaction history is public. If you're actually selling stuff, check out the next section instead.
I sell stuff online. What are my options? 
You have a lot! It boils down to one of these:
The last option can be interesting if you don't have your own web store, are selling digital goods and/or are just selling on as a side business. If your business is your main income, handling payment yourself is probably better.
1) Manually processing transactions
All you need for this is a Dogecoin wallet. You simply generate a payment address for each of your customers, send it to them and confirm that your coins arrived at the address. This is super fast to set up and there is absolutely no commitment.
If you just want to try it out before investing a lot of effort, just set up a wallet (either with the Dogecoin desktop client or an online wallet (listed under Browser "here") and let your customers know that they can now pay with Dogecoin. You can use some of these buttons if you wish( 1 2 3 4 5) and browse this asset repository of useful artwork. The graphical interface is still being developed, but you can browse the files and find license information already :)
2) Automatically processing transactions
Check out the section on APIs and payment processors further down!
3) Selling stuff through a 3rd-party site
There are a number of sites that function a lot like eBay, Etsy and Xmart. You enter your products and they handle the payment and web store stuff. This is most convenient if you have digital goods to sell (music, books...) and want to send them out automatically.
If you are an Etsy user who wants to accept Dogecoin, click here.
I sell from a physical store or location. What are my options? 
All you need is an internet connection in your store and a web-capable device, such as a mobile phone, cheap tablet or a nearby PC. On-site, your customers can send you coins using their phone, or you can sell coupons for your goods online in advance.
DogePos is a point-of-sales app that is open source and Koupah announced that they will accept Doge as well. You can use or apply for all of these tools right now! Either way, all you need is a way to 1) convert a USD price into Doge, and to 2) check that the coins have arrived in your wallet.
To check your wallet balance and Doge prices, you can use the app MyDOGE oniPhones and iPads, and this app on Android devices. This is one of many useful price converter websites you can bookmark. Checking your balance on the PC can be done with the wallet client.
If you want to sell your goods or coupons for them online, it might be easiest use a ready-made stores capable of digital distribution. Check point "3)" in the above section for some options.
Dogecoin payment processors, APIs, checkouts 
Currently, the established platforms accepting Dogecoin seem to be these:
I'm trying a tentative summary here to save you some research, but I'd appreciate comments a lot. None of the three have setup or monthly fees (except some optional subscriptions).
GoCoin:
Coinpayments:
You can probably find people who have used one of these in this thread. This guy volunteered his code for automatic currency conversion and his help setting up the plugin for OpenCart, for example!
If you are tech-inclined, you could run your own payment server with dogecoind and an API like this. This is not yet ready for laypeople though, so don't do that unless you want to get messy.
Exchanging Doge to USD/EUGBP/other national currencies 
If you don't have your payment processor do it for you, at some point you will want to get your Doge converted to your currency of choice, which you should do at an exchange. Keep in mind that you will have to get registered and verified at the exchange, which can take up to a week.
Transfers to and from national currency can take a few days, but trading and transferring digital currencies is very fast and usually near-instant. The following exchanges let you trade your Doge for national currency directly (last updated Sep 17):
If your currency is not listed above, you can either sell your Doge here, or exchange them to Bitcoin and then sell those. I find Kraken (EUR, KRW, USD) to be the best option for EUR, but you can sell Doge for BTC on all of the exchanges mentioned above, or choose one from this list. To sell BTC for national currency, you can also go to Justcoin or LocalBitcoins. There are many similar sites - just pick the one you like best!
Things get developed incredibly fast and Dogecoin is not even a year old. This will only get easier, so keep checking back! Justcoin is looking to trade Dogecoin to national currency, and others are sure to follow.
Alright! How do I promote my business now that I accept Dogecoin? 
Note that there's a collection of Dogecoin artwork and assets for you to use in this repository, complete with license information so you can design your promotions and website with it.
1) Submit your business to these directories:
2) If you are a brick-and-mortar store, mark your business on these maps [1, 2]. Post if you have problems!
3) Make a promotion post in one of these subreddits:
You will get views, especially if you offer an interesting product or a Doge-related promotion. Hint: the best promotion is to offer a few % off for all Dogecoin purchases. Also post and comment to this just to discuss your plans and ask your questions. Come talk to us here and in /dogevendors, we are a fun community :)
This post is not updated anymore. Check the thread linked at the top of this post for the newest version. The last big edits were on Aug 4 (DogeAPI, Prelude) and Sep 17 (Updates on exchanges and websites) and Oct 22 (Moolah).
submitted by animeturtles to dogecoin [link] [comments]

[Very long, very serious] Development summary week ending 18th April 2014

When I got my first full time job, I used to try implementing requests from everyone as they came in, and for a while people really loved that I listened to their requests. Over time, however, things started to go wrong. I’d apply a change someone asked for, and in doing so would break something elsewhere in the code, in some subtle way that was missed in short-term testing. I’d fix that second bug and reveal a third. I’d fix that just in time for a new request to come in, and the process repeat. This led to the term “Bug whack-a-mole”, wherein I was spending time mostly fixing bugs introduced to live systems through rushing through earlier bug fixes.
So this week, we’ve had a lot of people asking about changes to proof-of-work, especially X11, or even moving to proof of stake, primarily in an attempt to address risk of a 51% attack. A 51% attack is where one actor (person, group, organisation, whatever) gains control of enough resources to be able to create their own blockchain, isolated from the main blockchain, at a rate at least as quickly as the main blockchain is being created. They can then spend Dogecoins on the main blockchain, before releasing their fake blockchain; if their fake blockchain is longer than the existing blockchain, nodes will switch to the new blockchain (as they would when repairing a fork), and essentially the spent Dogecoin on the main blockchain are reversed and can be spent again. This is mostly of consequence to exchanges and payment processors (such as Moolah), who are most likely to end up holding the loss from the double-spend.
The concern about a 51% attack stems from a couple of weeks ago now, when Wafflepool was around 50% of the network hashrate (mining power). It’s still high (at the time of wring about 32GH/s out of almost 74GH/s, or about 43%), but it is diminishing as a proportion.
Lets talk about proof of stake first, as this one’s simpler. Proof of stake has been suggested as a way of avoiding the risk of Wafflepool having control of too many mining resources by itself, by changing from securing the blockchain through computational resources (work), to using number of Dogecoin held. The theory is that those with most Dogecoins have most to lose, and will act in their own interests. Major examples of proof of stake coins include Peercoin, Mintcoin and more recently Blackcoin.
However, this essentially means we take control from Wafflepool, and hand it to Cryptsy (who are considered most likely to be the holder of some of the huge Dogecoin wallets out there). I by no means expect either organisation to attempt a 51% attack, but hopefully it’s clear that simply switching risks isn’t actually improving things. I’ve also had significant concerns raised from the merchant/payment processor community about potential impact of proof of stake, and that it may encourage hoarding (as coins are awarded for holding coins, rather than for mining). The price instability of Mintcoin and Blackcoin (and that Peercoin appears to only avoid this through very high transaction fees to keep the entire network inert) does not encourage confidence, either. For now, proof of stake remains something we’re keeping in mind, primarily in case price does not react as anticipated to mining reward decreases over time, but certainly we’re not eager to rush into such a change.
Before I get into a discussion on proof of work, let me summarise this quickly; right now, uncertainty about changes is holding back our community from adopting ASICs. It’s high risk to spend hundreds, thousands or in some cases significantly more on ASIC hardware which could be left useless if we move. Those who have already purchased ASICs to support the Dogecoin hashrate would most likely have to mine Litecoin to recover sunk costs, if we did move. ASICs are virtually inevitable, and in our assessment we are better off pushing for rapid adoption, rather than expending resources delaying a problem which will re-occur later.
At the time of writing the development team has no plans to change proof of work algorithm outside of the eventuality of a major security break to Scrypt. We are focusing on mitigation approaches in case of a 51% attack, and adoption of the coin as the most sustainable approaches to dealing with this risk.
The X11 algorithm has been proposed as an alternative proof of work algorithm. X11, for those unaware, was introduced with Darkcoin. It’s a combination of 11 different SHA-3 candidate algorithms, using multiple rounds of hashing. The main advantage championed for Darkcoin is that current implementations run cooler on GPU hardware. Beyond that, there’s a lot of confusion over what it does and does not do. As I’m neither an algorithms or electronics specialist, I recruited a colleague who previously worked on the CERN computing grid to assist, and the following is primarily his analysis. A full technical report is coming for anyone who really likes detail, this is just a summary:
A lot of people presume X11 is ASIC resistant; it’s not. Candidate algorithms for SHA-3 were assessed on a number of criteria, including simplicity to implement in hardware. All 11 algorithms have been implemented in FPGA hardware, and several in ASIC hardware already. The use of multiple algorithms does significantly complicate ASIC development, as it means the resulting chip would likely be extremely large. This has consequences for production, as the area of a chip is the main determining factor for likelihood of an error in the chip.
The short version being that while yes it would take significant resources to make an efficient ASIC for X11, for a long time Scrypt was considered infeasible to adapt to ASICs. As stated earlier, any move would most likely be nothing more than an extremely expensive and risky delaying manoeuvre. ASIC efficiency would also depend heavily on ability to optimise the combination of the algorithms; a naive implementation would run at around the rate of the slowest hashing algorithm, however if any common elements could be found amongst the algorithms, it may be that this could be improved upon significantly
There are also significant areas of concern with regards to X11. The “thermal efficiency” is most likely a result of the algorithm being a poor fit for GPU hardware. This means that GPU mining is closer to CPU mining (the X11 Wiki article suggests a ratio of 3:1 for GPU/CPU mining performance), however it also means that if a way of was found to improve performance there could be significantly faster software miners, leading to an ASIC-like edge without any of the hardware development costs. The component algorithms are all relatively new, and several were rejected during the SHA-3 competition for security concerns (see http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/documents/Round2_Report_NISTIR_7764.pdf for full details). Security criteria for SHA-3 algorithms was also focused on ability to generate collisions, rather than on producing hashes with specific criteria (such as number of leading 0s, which is how proof of work is usually assessed).
X11 is a fascinating algorithm for new coins, however I would consider it exceptionally high risk for any existing coin to adopt.
Beyond algorithm analysis, this week has been mostly about testing 1.7. Last weekend Patrick raised the issue that we had been incorrectly running the automated tests, which had led to several automated test failures being missed earlier. This led to other tasks being dropped as we quickly reworked the tests to match Dogecoin parameters instead of Bitcoin. So far, all tests have passed successfully once updated to match Dogecoin, however this work continues. On the bright side, it turns out we have a lot more automated tests than we realised, which is very useful for later development.
The source code repository for Dogecoin now also uses Travis CI, which sanity-checks patches submitted to the project, to help us catch any potential problems earlier, thanks to Tazz for leading the charge on that. This is particularly important as of course we’re developing on different platforms (Windows, OS X, Linux) and what works on one, may not work on others. Over time, this should be a significant time saver for the developers. For anyone wanting to help push Dogecoin forward, right now the most productive thing to be doing is testing either Dogecoin, or helping Bitcoin Core test pull requests. Feel free to drop by our Freenode channel for guidance on getting started with either.
Right now, I’m working on the full technical report on X11, and will then be back working on the payment protocol for Dogecoin. I’ve approached a few virus scanning software companies about offering their products for Dogecoin, with so far no response, but will update you all if I hear more.
Lastly, the next halvening (mining reward halving) is currently expected late on the 27th or early on the 28th, both times GMT. Given that it was initially expected on the 25th, we’re obviously seeing some slippage in estimates, and a total off the top of my head guess would be that we’ll see it around 0500 GMT on the 28th at this rate. I have taken the 28th off from the day job, and will be around both before and after in case of any problems (love you guys, not getting up at 5am to check on the blockchain, though!)
submitted by rnicoll to dogecoin [link] [comments]

Long time crypto trader: BTC and LTC manipulated and so is Dogecoin - 1Ð should be $0.005

Dogecoin's price is very undervalued and I believe it will reach new all time highs within the next few months as long as development and infrastructure in the community and marketplace continues to grow.
Some of you may not have noticed whats going on in /Bitcoin but they have just realised the extent and reasons why the Bitcoin price has been declining in the face of 6 months of positive news: manipulation by some whales
This is not limited to Bitcoin but also Litecoin and what I have been seeing the last 2 months in the Dogecoin price too.
So why is there manipulation? greed, plain and simple! In a downward price manipulation the actors drive the price lower by selling at that high price to create fear and panic which scares others into selling too and then buy the same number or more coins at a much lower price and making a profit and potentially a lot more profit when they price rises again. Thats also the key - their intention is for the price to rise eventually. They are just loading up.
I have always argued to many sceptics that manipulation is the fuel for the Bitcoin price to move up and down and despite that Bitcoin is undervalued according to available supply, its applications and its ability to solve real world problems for the rest of the 3 billion people that are unbanked around the globe.
Now lets look at Dogecoin and its price. Several months back I posted that the price decline of Dogecoin is due to the the 180 million+ a day of new Dogecoin generated was the reason for the price decline and that supply couldn't meet demand. While that is partly true several months ago I have been observing 40-100 million Dogecoins being dumped at a single time 40-60million Dogecoin sell walls at the slightest indication of Dogecoin moving up this is not auto selling. While some auto dumping occurs from multipools which is normal it doesn't explain the uncontrollable yet coordinated timing at which it is being carried out whenever a breakout appears like happening. This is more obvious this past month since the february manipulation. Right now we are currently seeing Dogecoin sell walls placed to prevent a price rise above 100 satoshi, for how long I don't know?
But what I do know is that Dogecoin is undervalued and I believe each Dogecoin should be worth at least $0.002 and upto $0.005. This puts the market cap between $188m - $470m. I based these figures on the metrics which determine the Bitcoin (and to some degree Litecoin) price in its first year of wide scale media attention and the time it takes 70,000 people to use it for goods and services. Bitcoin reached that threshold last year in spring when the total number of Bitcoins generated was around 12million and price rose to around $50 and so many online shops were using it as well as silk road. This put the market cap of Bitcoin at $600m so Dogecoin with its market place, large user base and lots of media attention would make it reasonable to suggest, despite its inflation rate and no cap to be somewhere between $188-470 million. This means 1 doge would be worth $0.002-0.005.
In fact Coingecko.com tells us Dogecoin is the number two crypto-currency by all metrics but it doesn't tell us how big the marketplace is and the fact there are over 200 businesses atleast that accept Doge and numerous ATMs, secure network, growing userbase, reducing supply rate of new Dogecoins generated and 35% of current supply is held in cold storage by most of the top 30 wallets. I should know I have one of them and I don't plan on selling! I'm waiting for Dogecoin to become universal and very liquid to be able to spend my doge to buy, rent and send to anyone, any company any charity that I choose.
With all that said it will just be a matter of time before the floodgates open and the price rises to new all time highs. But don't invest more than you can afford to lose this is still a speculative technology!
Finally, Im very impressed that demand for dogecoin has been so formidable the past several months in the face of such downward manipulation in price! Well done to you all, keep up the good work and enthusiasm and continue to spend, save and tip doge where you can :)
To the moon!
EDIT: As of right now (11.30 GMT) there is a 80 million sell wall on cryptsy
EDIT 2: 70 million now as 10 million was just bought: the manipulators are smelling a breakout hence the 80 million (http://imgur.com/FHV5A3J)
EDIT 3: if you want to see how manipulation can be defeated check this out https://www.youtube.com/watch?v=-uX_bB_4VJk&feature=youtu.be (thanks to Voogru and his post in /bitcoin today)
EDIT 4: while I'm here can you please sign this petition to get doge on the major exchanges if you agree. Thanks!
EDIT 5: More manipulation - 107 million doge sell wall @90 after a 85million sell wall @88 got bought up - this is unprecedented in Dogecoin market history and goes to show how much demand there is. (http://imgur.com/9QG9nOf)
submitted by Justlite to dogecoin [link] [comments]

In a little over 1 month I have made almost $1,000 mining cryptocurrency on a cheap computer.

Put it into Amazon giftcards since it is so easy using gyft.com
One of my old posts where I told this subreddit about mining. Don't mine this coin though, no longer worth it for the average person.
I started out using a quad-core cpu in my cheap gaming computer to mine a currency called Quark. I sold some of my Quark to buy a Radeon 7790 for ~$120 and since then have made much more using that GPU and my CPU.
This has been some of the easiest money I have ever made and I have found it pretty fun too. I made about $300 of that from mining Dogecoin when it came out when I still had my old Nvidia GPU which was barely better than my CPU at mining.
The best tip I can give anyone interested in trying out mining is that you shouldn't go for an older popular coin to mine, new coins are great if you can mine in the first couple hours, if a coin starts to have less people mining it and you think it will become popular later keep mining it.
The best place to find new coins is on this board and you should also read /cryptocurrency.
The sites I suggest trading on are Coinedup which has no fees and BTER which while it has fees they aren't much and using the link listed since it is a referral link from my account which is over 24 hours old you get 10% off the fees.
Non-referral for BTER with full fees
https://www.cryptsy.com/ is also an option but be warned that is has a habit of crashing when it is the best time to sell, problems with withdrawals, and new coins added leads to traffic crashing the site. There is a referral link I have for this site where I would benefit if you use it, but I can't bring myself to suggest the site after all the trouble I have had.
Cryptocurrency isn't something you will suddenly make a ton of money on, unless you get extremely lucky, but it is something with a little trial and error can lead to some decent earnings.
submitted by 75000_Tokkul to beermoney [link] [comments]

My prediction 26 days ago...

26 days ago... I called it
Like I've said before in this post. This market is heavily manipulated. Some people have hundreds of bitcoins and it isn't difficult to move the market when you have that kind of purchasing power.
This current downtrend was due to the following chain of events: 1.) No major news for dogecoin. 2.) Multipools cheating out other pools by snagging high value blocks. 3.) AuroraCoin stealing some of our thunder Another predicton of mine when it was at $20 and climbed to $93/AUR.
With no major news events, new members dropped. Keep in mind there isn't anything to base a currency on other than news articles and membership! That's even true for bitcoin! So in this bizzaro world, No News is Bad News. Secondly we had multipools gaming the system to obtain more dogecoins. This in turn lead miners to leaving the game because it's not fair, or rigged. This leads to a drop in hashrate which many speculators see as a trend in how valuable a coin is. Put this all together and you get a perfect storm for whales to create a dump.
But a funny thing happened. The price hit 103 satoshi's and 20 to 30 bitcoins were dropped like a hat causing the price to rise. It's now almost at 120 satoshi's (THAT'S A 20 FREAK'n PERCENT PROFIT PEOPLE!).
But why? What changed?
This
The Mods announced a fix to the problem and the whales took that as good news. They easily dropped a substancial amount of bitcoin buying up while everyone else was panic selling.
So what's my next prediction?
Either doge will drop under 100, or it'll remain in the low 100's until the next big news comes along (expect a pump a couple weeks prior to the halving). Either way it's sticking around. 70,000 shibes don't go quietly into the night my friend. They bark loudly and wake up the neighbors who have to wake up early to take their kids to school the next day.
Stand tuff doges.
submitted by Pickle_ninja to dogecoin [link] [comments]

Dogecoin, following the path of litecoin in China and worldwide: some fundamentals

Everyone knows that dogecoin have by far the second biggest community behind bitcoin, and also the second public exposure.
My understanding is that there are only two reasons because dogecoin marketcap is yet 8 times smaller than litecoin. 1- Biggest inflation the first months 2- Not yet in big -exchanges, too poor liquidity to put the price up.
Well, the first reason is question of days. Dogecoin have halved already two times, (from 760 to 180 milions mined by day) and in less than two months will halve again to 90 milions. At this moment in % dogecoin will be already less inflationary than litecoin. Today 77% of the dogecoins that will be mined until the first year, has already been mined in the first 5 months.
About the 2on reason, things are changing even faster. Last april 17th dogecoin was added in BTC100, one of the 8 bigger exchanges in China. BTC 100 is right now by far the second in volume on LTC in coinmarketcap http://coinmarketcap.com/volume.html#ltc at the same level than btcchina (huobi and okcoin, are not there). In less than a months btc100 volume in dogecoin its growing fast, in i guess that in one week will be the number one on coinmarketcap http://coinmarketcap.com/volume.html#doge
Today is another of the 8 bigger chinese exchanges; www.btcnew.net, who is adding dogecoin. Btcnew, moved already to hong kong is not in coinmarketcap, but you can see here http://btckan.com/price/ltc that is the world 4rt in volume for ltc only behind okcoin, huobi and btc-e (also number four on BTC, behind okcoin, huobi and chbtc).
Like was for litecoin on finals of 2013, its only question of weeks, some months so far that okcoin, huobi and btcchina will add also dogecoin. Specially probably, because they will need new pairs, for the problems with Yuan trading..
One thing more, is that cryptsy its adding USD direct trading in some days: http://altcoinpress.com/2014/05/cryptsy-to-begin-usd-verification-next-week/
With all of this, i suggest buy and hold doge...
We are going to the moon!
edit: agree spending / donating / tipping are also great shibe options, buy we need also a lot of shibes holding for doge have good value.
submitted by coopshibe to dogecoin [link] [comments]

Why I believe dogecoin value will rise very soon, very high

I've also been looking at the prices lately, we as a community work so hard to make dogecoin usable and fun for people all around the world. I don't believe any coin did it like we did, and I'm very happy to be here.
But as you all know and have been worried about the price, low price is a problem for us, mainly because I will reduce hash rates and the value of the money we have here can buy us less value when we make campaigns and happy things like doge4nascar, if you remember the 67.5 millions we arranged was worth at the end something like 50 million because the price got down, only because Moolah fix the price for a buyer we made it :)
Ok so now the info why I think dogecoin will rise. prices are detarmined by demand, and we have less demand then bitcoin and litecoin because we are not traded on the major exchanges out there.
for example when I look at litecoin today I see it has $ 21Mil from BTC-E and almost 1.5mil from BTC China, and more from OKcoin and other Chinese exchanges that are not listed here: http://coinmarketcap.com/volume.html
all those exchanges are the main volume of crypto currencies today, Cryptsy and BTER that we know and others doesn't really have much volume with them, as you can see in the list.
Dogecoin has an avg of $1mil a day and it is very good volume if you take in calc that it is only traded on the small exchanges, and in spite of that he is the main trader in the exchanges he is traded at! yes read it again he is the main trader in the exchanges he is traded at!
now that China will probably not ban bitcoin, and we all heard rumors that BTC china and other china main players will accept dogecoin, when this happens out daily volume will go from $1min to $7mil a day, and if you take care of the charts when dogecoin volume was high the price traded for BTC was 150-200 satoshi. So I think we have a happy future for all of us. we just need to wait or actively convince the big exchanges to accept dogecoin and the rest is history.
you will come here to read this in the future when we get there. Moon.
submitted by 2zmoon to dogecoin [link] [comments]

Of Wolves and Weasels - Day 736 - The (Unneccessary) Fall of Cryptsy

Hey all, GoodShibe here!
So, wow, some really interesting and, well, disturbing news about Cryptsy is in the wind.
When I say 'disturbing' by the way, I'm talking about the completely casual admission from Cryptsy themselves that 'oh, yeah, by the way, about a year and a half ago, we lost a crap-ton of your money and elected to not say anything'.
It's a wonderfully technical recounting of events.
Cold and clinical and utterly devoid of remorse.
Man, it's days like this that I really miss Vault of Satoshi.
Here's the hard thing: instinctively, I understand the thought process... can even empathize, to an extent. You're someone who's worked hard to build a business and a brand - to become a pillar of the Cryptosphere. Maybe you've even done everything right up until this point... and then some little piss-ant sneaks behind the curtain and tears everything down around you.
All of a sudden, you're the next Mount Gox.
Destined to go down in history as a ridiculed footnote of Crypto-coin lore.
Yeah, no wonder you "didn't want to cause a panic".
Because, as anyone knows in crypto -- and anyone who runs an exchange is going to be hyper-aware of this -- trust is the only currency that matters. And after Mt. Gox? Trust is a very fragile commodity.
What do you do when you've just had ~20,000 BTC stolen from your coffers?
The Ethical thing would be to explain everything there and then. Publicly build a plan of action, explain and share the process of the investigation. Share the known location of the coins -- hell, in moments, at the time, you probably could have rallied SEVERAL crypto-communities to your side; had some of the very best minds across the cryptosphere working to help you.
Because here's another simple truth: NO ONE wanted another Mt. Gox.
Trust would have been damaged, sure, but I suspect it could have been recovered had you, in time, identified what happened and shown everyone how sophisticated the attack actually was. That it wasn't necessarily you asleep at the wheel. If you had come forward and said "hey, we've got the reserves, we'll take this on the chin as a cost of being part of this grand experiment with you".
Because, yes, so much of all of this is one great, grand experiment and by showing humility and working to advance all of our knowledge of how to protect ourselves, maybe... maybe it wouldn't have been so bad. It would've stung, but you, with work, could've recovered.
If it had actually been about your customers, the people who'd put their trust in you.
But "maybe* is a big word when your legacy is on the line, your years of hard work. You're the victim here, right?
So... if you happen to look at your balance sheet and see that, yeah, you can just... make it go away, pretend that it never happened... why bother, right?
Why even risk it at all?
Except it means that for, who knows how long, you're riding on a very capricious edge.
Owner of an exchange for not just one but hundreds of extremely volatile cryptocurrencies.
Is that why you went from friendly, accessible 'Big Vern' who seemed like he was everywhere to the quiet, recluse that we've seen lately?
The problem with having ones ethics thrown into question is that all sorts of things, things that only existed as rumors and backroom talk end up taking on a whole new life. Was Cryptsy aware of the market manipulation that was going on? Was it... sanctioned? Maybe, in knowing which way something was going to move... well, would that help to fill a 20,000 BTC hole? I'm not saying that anything actually happened, but one certainly begins to wonder what steps one might take.
Because no one 'just accepts' a 20,000 BTC loss without trying to find a way to get it back.
The most frustrating thing about all of this is this:
The fact that Cryptsy lasted this long despite a supposed "run on the bank", despite the many supposed "smear" campaigns against you is a testament to how much the various communities wanted you to exist.
There are so many other, better ways this could have played out.
We need a trusted place to do business, now more than ever.
Instead -- and the Dogecoin Community has some scarily first-hand knowledge of this with the fall of Moolah -- we get to watch as the wheels so very slowly start to fall off. As, one by one, the complaints begin to bubble up from the cracks until the whole thing is torn apart from fear and frustration and anger.
So... now you've got a lawsuit against you. A class action lawsuit. 84,000,000 DOGE is, yeah, people may laugh at our funny, silly little DOGE, but that's no amount of chump change.
Now people are pissed.
Because no one wanted another Mt. Gox.
Yet, when given the option, when faced with the choice... that's exactly the path you chose to walk.
It's 8:18AM EST and our Global Hashrate is holding at ~1260 Gigahashes per Second and our Difficulty is up from ~15082 to ~16757.
As always, I appreciate your support!
GoodShibe
submitted by GoodShibe to dogecoin [link] [comments]

The history of mooncoin anno 2014

Mooncoin History
In fact YOU are writing it now. "Fairytales of yesterday will grow but never die".
BTW do you know that Mr. Chris P.Thompson has included Mooncoin in his book about Cryptocurrency? At the moment his another book titled 'Mooncoin. Philosophy of Decentralisation' is in progress!
And that during 2 days after a launch of Mooncoin (December 30, 2013), people have posted ~2,000 posts in Mooncoin thread at the largest crypto forum Bitcointalk?
Do you know that in January, 2014, a $170'000 was the market value of 1 Billion of Mooncoins and 24 hour volume was ~ 1+ Billion of Mooncoins? People remember 20+ Satoshi for 1 Mooncoin on coinex.pw and a very large trading volume, and ~2000 Litoshi at Cryptsy when a price of LTC was ~$20.
An interesting fact is that in 2015 Mooncoin became the first coin which had implemented an advanced payment gateway, that allowed to buy using Mooncoin on the largest and famous internet marketplaces (Amazon.com, eBay.com, Overstock, Groupon, Barnes&Noble etc.) Unfortunately, the project had been alive only during several days and then automatic exchanging of MOON->BTC (provided by coingateway.net) had stopped working, at the very moment when people were ready to start buying with Mooncoins. Coingateway.net had stopped delivering a service and answering support tickets as soon as they had got their reward and a bonus in Mooncoins. As you probably know, the Mooncoin community never gives up! At the moment you can buy with Mooncoins through the payment gateway of Cointopay, a Netherlands-based company.
Have you heard anything of deaconboogie, a legendary and mysterious creator of Mooncoin, who had disappeared suddenly after having reported health problems? We don't know what happened to him, but due to his sudden disappearing Mooncoin has managed to prove its decentralised nature - it's time tested now and is working well even without its original developer.
Do you know that after cyber attacks against PCs of three Mooncoin users in December, 2014 (organised by Dark Side) the Mooncoin source code was examined by an independent expert, Titan, Luckycoin's developer (Dogecoin was basedon Luckycoin). CHECKED.OK. Please don't forget toprotect your PC against attacks!
Newbies are often told at crypto related forums about how insecure Proof-of-Work coins are, and that someone with a 51% of hash power can do whatever he/she wants with a network. Meanwhile there were only pretty unsuccessful attacks against the Mooncoin network, the last attack was with the hash power of 30 times higher than other Mooncoin miners had together (who could do that? this kind of attack costs really a lot) and again with no success.
Mooncoin is a fair coin with no premine, nor IPOs/ICOs. Here is an interesting detailed independent investigation into fairness of distribution/mining of many well-known coins. The author says regarding Mooncoin: "This isn't a sneaky or hidden fastmine". At the same time he indicates that: "The first reward halving goes from 2,000,000 for the first 100,000 blocks to 1,000,000 up to block 200,000. After that, the block reward begins to halve faster; at block 250,000 (600K Mooncoin), then block 300,000 (350K Mooncoin) and block 350,000 (175K Mooncoin). This shortens the block generation period in half, which quickens the rate of coin generation to a smaller amount. This process accelerates as block 375,000 ends a quick 25,000 block generation period of 100K Mooncoin. A mere 9,000 blocks, up to 384,000 blocks, brings about another block halving to 50K Mooncoin. After this, the rest of the coin generation is a tepid 29,531 Mooncoins per block. Bitcoin's block halving is simple and slow. From 50 BTC per block, to 25 BTC, to 12.5 BTC, and to 6.25 BTC per block over 16 years. Mooncoin was started on December 30th, 2013. By March 26th there were 58 billion Mooncoin, which was about 15% of the total expected production. By May, there were 98 billion Mooncoins in existence, representing 25% of the total expected production". There are also very interesting facts about Nxt, Dash (formerly Darkcoin) and other famous coins in the investigation. And it's interesting what would the author say about ICO coins which are popular these days?
The Coingecko's summary for Mooncoin confirms that 'There is no premine for this coin'.
To prove that Mooncoin was really fair unlike many coins, even with a described above scheme of reward halving, there is one simple fact: first adopters couldn't gain a lot at the beginning simply because of when rewards were big, more miners were mining Mooncoin (see above: during 2 days after a launch of Mooncoin people have posted ~2,000 posts in Mooncoin thread at the largest crypto forum which indicates how many miners were active those days), the author forgets that (if we speak about fairness and the first adopters) it matters how many Mooncoins ONE miner was and is able to mine and for which price he/she can/could sell it. The initial price of Mooncoin was 0.00000001 BTC and now it's not higher unlike Bitcoin's price (in 2009-2011 its price was $0.001-$1 and common people had no chance even to hear about Bitcoin, so first adopters were able to mine hundreds of thousands of bitcoins, no matter how block halving worked). Quite the opposite, in late 2013, when Mooncoin was launched, almost everyone had heard already about Bitcoin and cryptocurrency from TV, Internet, so way more people had equal chances. The launch of Mooncoin was a pre-announced event, and many people were ready to mine it (there was some mix-up at the beginning though). Also on December, 28, 2013 an original developer had made an announcement: "On July 21st, 2014 it will be the 45th anniversary of the lunar landing by the Apollo 11 astronauts. On this date, Mooncoin will begin to release one MOON for every USD spent on the Apollo space program at an accelerated rate: 25.4 billion!" That was a one time only event and people had been waiting for it for 7 months.
How do you think, what made a famous domain investor from Alabama, Gregg Ostrick transfer a valuable domain mooncoin.com to the Mooncoin community when the community needed to replace offline deaconboogie's mooncoin.info? How many notable coins have their own .com domains? Litecoin, Dogecoin and ...? :)
Not to mention many other things... Moon Jedi Members, Moonlite, Smart Likes...
Mooncoin history was, is, and always will be interesting.
Source: mooncoin.com
submitted by Juna82 to MoonCoin [link] [comments]

[META] I am still wondering why the prices are so high.

ALTHOUGH THIS HAS AN "ANGRY" TONE, I'D LIKE MY MIND TO BE CHANGED ON THIS, POSSIBLY WITH THE SAME "CYNICAL/SARCASTIC" TONE, not with a shitload of downvotes and with rich people yelling at me. I truly love the fact that we have exchanges built on trust, person to person. Dogemarket has been my only way of buying dogecoins and I'm starting trading just now. So:
Looking at the number of dislikes and likes in the comments of the [META] post explaining the prices, there is a clear tendecy of conserving the right to set whatever price big sellers want. You don't agree? Have a downvote, a "ignorant" label and kick out of the market. Llet me sell my shit at my own price. This is lobby behaving. In the risks list, include how much you made from selling dogecoin at at least 30% the market price. Let's say you actually get that bitcoin: 1 BTC today from justcoin is about 500€; yesterday almost the same (+10-) Go to cryptsy (I'd go to vircurex, but let's stick to your case) and trade it for: 366,789 doge (right now). How much are 360,000 doge? Right now 445€, make it 440 to make it round. So 60€ to go even: about 15% (1.41€) more of the price on the lot will break even. From there up it's all in your pocket. How much is 30% of the price more? It's 70€ on 1 BTC you bought. So let's see what's on the market... 500k at 2.5$/k, which is 50%, 50% more than the price 5hrs ago (when it was posted). Well we know our numbers. How much is in the pocket of the seller? We're in luck! 5 hrs ago the price was still about (20€ more 4 hours behind those 5 I considered and vox allows 2,3h BTC transactions) 500€/BTC and dogecoin was again at 270 satoshi. We'll keep numbers high, although it is probable OP bought at less than 240 satoshi. It brings us again at about 1.41€ to break even: 705€ for 502,000Ð or 1.356 BTC at 520€/BTC, 260satoshi/DOGE. Woop woop we have at least 900€ cashed in with that 35% more!. Meh, 200€ every 2 or 3 days (assuming this isn't daily) and you complain about losing say 500€ every month? Fuck me that's still 1900€ per month at the rhythm I supposed. I understand the risk of BTC is rising fast seen the shit is happening. But hey, there's still Litecoin and a lot of other ways to buy dogecoin. I could even buy from you at 30% and then then sell immediatly after at 50%. I have not taken in account the dogecoin price oscillation! If anybody bought dogecoins when they were under 200 satoshi and selling them now at 30% more the ACTUAL price... shit... What am I studying for?
One final thought. Not everybody loses stuff. There are merchants that have bad luck like you, but for the rest there is no excuse. Being this a free market, you can sell whatever you want at the price you want and if there is someone buying, you'll keep selling. I don't think sellers that keep selling are in red. Honestly, If I had enough money, I'd mine my dogecoins and sell them at 110% the current price. I hope I will find a solution to this. P.S. How can you guys think PayPal and Amazon don't notice all that money entering?!? P.P.S Why don't you cut your transactions in little pieces, say 10,000 doges at a time? P.P.P.S. I really hope you understand I am a simple shibe. So if I made terrible mistakes in my reasoning, point them out; I'll bow my head and keep my journey.
TL;DR the prices in here are high enough to get most of the times about 15% back of the initial investment, if not more. Being for a lot of people entering dogecoin culture the first place to look at, /dogemarket should point more at spreading doge than squeezing out money at 30/40/50% of the actual price.
Sources: https://www.cryptsy.com http://coinmill.com/EUR_XDG.html http://doge.yottabyte.nu/ https://www.bitcoin.de/en
EDIT: TL;DR, format Edit2: how can you downvote? I see no blue arrow... - RES, okay Edit3: please see smuttr answer and mine below his/hers for the proof of my TL;DR Edit4: I get it: free market. People pay what they pay. So wake up, paying people. Meh... I haven't written all this to complain. Who should I complain with anyway? And you people talk, with 74 upvotes on a post about someone who chose the wrong website to buy bitcoin. What's that called again? Actually this post was just an answer to this one: http://www.reddit.com/dogemarket/comments/1xlzd0/meta_if_youre_wondering_why_the_prices_here_are/ Because I felt it was a little unfair how the voting system was hiding people trying to dissent with OP. I also wanted to make a couple of calculations to understand where actually the money goes in a 150% actual price transaction.
Edit5, final edit: The conclusion to this is that whoever thinks the prices are too damn high and tries to QUESTION, not complain, question why is that so, can go buy somewhere else. I'm happy you folks helped me with this. At least buyers will now know who they are dealing with. I profoundly thank smuttr for changing my mind on what the base price to calculate one's profit margin should be. Although I don't consider the incapacity of finding better instruments of exchange an excuse to charge more. As far as I see now: -Miners ride the wave of prices. Can't really say much... coinwarz.com calculate the break even on the actual price of altcoins, so for miners selling here, it will arrive 30% faster. -Traders are bound to this formula (that doesn't consider about oscillations, problems, risk...) : Investment / {'['(' {[(Investment - Wire)/BTCcost]exchange fee} /DOGEcost ')exchange fee'] -1'} /1000 Which with, for example Anxpro (it's the only one I know about right now), quickly collapse to I / {[(I-W)/BTCc] /DOGEc} / 1000. As you see the only variables in this one are I and W and, numbers in hand, the % of W in respect to I is what weights on the initial premium. So: [(I-W)/I - 1] is a constant factor to be considered in every price, until there will be no cost in bank transfer. In my example below is 2% and I honestly think it doesn't go above 5-7%. This means I>=200$ and W=15$. For fun, The exchange fees are to be accounted as they are. So now we have the IW + exBTC + exDOGE. I refuse to take in account the movement fees because they are plain stupid.
REAL TL;DR from the prices you see, you should account that about 3% is a real cost.
submitted by HeartBalloon to dogemarket [link] [comments]

[Repost] How to accept Dogecoin with your business, and why. A few pointers.

The original version of this post (see here), cannot be replied to anymore because it has been automatically archived. I am reposting it so I can keep updating and receiving questions on it. Enjoy :)
You are a business owner and sell goods or services. You heard about Dogecoin. You wonder how you can use it in your business. This thread is for you.
If you have no idea what Dogecoin is, read up on it here (click). In short, it is a digital currency that is perfect for everyday use. Read on if you want to know why it would be good for your enterprise.
Why should I accept payments in Dogecoin? 
Dogecoin offers you:
Dogecoin can be exchanged to national currencies. You can do this easily by yourself or use the automatic conversion offered by some payment processors (all is explained further down). You can also just keep your Dogecoin and spend it or offer it to your employees! :)
Dogecoin is fun and it gets ever more useful the more people like you use and accept it. There are other merchants who have gone this path before you - not least Amazon's streaming service Twitch.tv. You can read interviews in this magazine and on this blog. You can also talk with other merchants in /dogevendors, check out these testimonials ([1, 2], 3), search this subreddit and post any questions you have right here!
I want to accept donations. What are my options? 
Just download the client and put up the wallet address up on your page with donation info. Done! That's it! If you want something snazzy, check out this widget.
If you need to track who sent you how much money (for goodies and that), you could ask that donators tell you that they're sending you a very specific amount of coins (e.g. 100.424242), and match it to their name. However, this can be abused as your transaction history is public. If you're actually selling stuff, check out the next section instead.
I sell stuff online. What are my options? 
You have a lot! It boils down to one of these:
The last option can be interesting if you don't have your own web store, are selling digital goods and/or are just selling on as a side business. If your business is your main income, handling payment yourself is probably better.
1) Manually processing transactions
All you need for this is a Dogecoin wallet. You simply generate a payment address for each of your customers, send it to them and confirm that your coins arrived at the address. This is super fast to set up and there is absolutely no commitment.
If you just want to try it out before investing a lot of effort, just set up a wallet (either with the Dogecoin desktop client or an online wallet (listed under Browser "here") and let your customers know that they can now pay with Dogecoin. You can use some of these buttons if you wish( 1 2 3 4 5) and browse this asset repository of useful artwork. The graphical interface is still being developed, but you can browse the files and find license information already :)
2) Automatically processing transactions
Check out the section on APIs and payment processors further down!
3) Selling stuff through a 3rd-party site
There are a number of sites that function a lot like eBay, Etsy and Xmart. You enter your products and they handle the payment and web store stuff. This is most convenient if you have digital goods to sell (music, books...) and want to send them out automatically.
If you are an Etsy user who wants to accept Dogecoin, click here.
I sell from a physical store or location. What are my options? 
All you need is an internet connection in your store and a web-capable device, such as a mobile phone, cheap tablet or a nearby PC. On-site, your customers can send you coins using their phone, or you can sell coupons for your goods online in advance.
DogePos is a point-of-sales app that is open source and Koupah announced that they will accept Doge as well. You can use or apply for all of these tools right now! Either way, all you need is a way to 1) convert a USD price into Doge, and to 2) check that the coins have arrived in your wallet.
To check your wallet balance and Doge prices, you can use the app MyDOGE oniPhones and iPads, and this app on Android devices. This is one of many useful price converter websites you can bookmark. Checking your balance on the PC can be done with the wallet client.
If you want to sell your goods or coupons for them online, it might be easiest use a ready-made stores capable of digital distribution. Check point "3)" in the above section for some options.
Dogecoin payment processors, APIs, checkouts 
Currently, the established platforms accepting Dogecoin seem to be these:
I'm trying a tentative summary here to save you some research, but I'd appreciate comments a lot. None of the three have setup or monthly fees (except some optional subscriptions).
GoCoin:
Snapcard:
Coinpayments:
You can probably find people who have used one of these in this thread. This guy volunteered his code for automatic currency conversion and his help setting up the plugin for OpenCart, for example!
If you are tech-inclined, you could run your own payment server with dogecoind and an API like this. This is not yet ready for laypeople though, so don't do that unless you want to get messy.
Exchanging Doge to USD/EUGBP/other national currencies 
If you don't have your payment processor do it for you, at some point you will want to get your Doge converted to your currency of choice, which you should do at an exchange. Keep in mind that you will have to get registered and verified at the exchange, which can take up to a week.
Transfers to and from national currency can take a few days, but trading and transferring digital currencies is very fast and usually near-instant. The following exchanges let you trade your Doge for national currency directly (last updated Sep 17):
If your currency is not listed above, you can either sell your Doge here, or exchange them to Bitcoin and then sell those. You can sell Doge for BTC on all of the exchanges mentioned above, or choose one from this list. To sell BTC for national currency, you can also go to Justcoin or LocalBitcoins. There are many similar sites - just pick the one you like best!
Things get developed incredibly fast and Dogecoin is not even a year old. This will only get easier, so keep checking back! Justcoin is looking to trade Dogecoin to national currency, and others are sure to follow.
Alright! How do I promote my business now that I accept Dogecoin? 
Note that there's a collection of Dogecoin artwork and assets for you to use in this repository, complete with license information so you can design your promotions and website with it.
1) Submit your business to these directories:
2) If you are a brick-and-mortar store, mark your business on these maps [1, 2]. Post if you have problems!
3) Make a promotion post in one of these subreddits:
You will get views, especially if you offer an interesting product or a Doge-related promotion. Hint: the best promotion is to offer a few % off for all Dogecoin purchases. Also post and comment to this just to discuss your plans and ask your questions. Come talk to us here and in /dogevendors, we are a fun community :)
I'm editing and updating this post regularly. The last big edit to this text was in Apr 2015 (new payment processors).
submitted by animeturtles to dogecoin [link] [comments]

Overview of major risks of buying Nyancoins

THIS DOCUMENT IS NO LONGER MAINTAINED BUT ONLY PRESENTED FOR HISTORICAL REFERENCE.
Version 3 is current as of June 2017.
This is based on the original version, which is now archived and outdated, thus this second version.
I'm going to start with the previous version, minus the edit notes, and then add updates on top of that.
Please comment on any risks which are not mentioned here or additional aspects of risks here you think should be further emphasized or any other possible disclosure you think needs to be made.
I'm removing the fork bug vulnerability note based on the new release by vmp32k and stellarseahorses, as well as the "no core dev" warning.
I'm adding a note about vulnerability to 51% attacks which should really have been in there before but I never really thought about it much (didn't seem too relevant since we're not really worth attacking, but still should be disclosed).
Executive summary
Nyancoins have weak demand, are traded actively on only one exchange, have inconsistent blocks, are very vulnerable to 51% attacks, have the potential for serious bugs, an uncertain legal situation, concentrated ownership, depend upon the Internet, may be addictive, and could make you wealthy, which has been alleged to lead to more problems.
Introduction: This is my best attempt to collect every major risk factor from buying Nyancoins, although I can offer no warranty of fitness for this information for any purposes. I believe in honesty and forthrightness. Having this available and obvious is a simple matter of basic decency. Much, hopefully all, of this information has been discussed previously in /nyancoins, but this document in particular is about being up-to-date and central. This page will be updated clearly as appropriate if situations change on a best-effort basis (which may mean updates do not happen for months at times, unfortunately; please ping for faster updates).
If you believe that I am missing something, please note any other major risks you see in the comments.
Edit June 2017: Now that this post has been archived, it is overdue for a repost to allow commenting again. In the meantime, if there is something you would like to add, please feel free to post it or send a message to me, coinaday.
Demand: So far, the majority of the buying pressure has been myself. I base this statement on my recollection of the trading history so far this year (all of my trades in NYAN) and the fact that I have acquired more than 100 million coins, somewhere around 35% of the coins (latest hodling report, so far, as well as my observations that I have usually had the leading major bid, and usually the leading bid regardless of size.
This is an unsustainable situation in the long-run. For my own sake, and in particular right now, I cannot afford to keep powering nyan's rise financially alone.
Update: there has been a growth in demand from others, in particular as I became unable to add BTC for bids from my own financial pressures. However, the price fell down to ~10 satoshi during that period.
Update 2 (Oct 2016): The price is around 8 satoshi now. I'm often still one of the leading bids, but anecdotally, for instance, today (Oct 7) when I checked on the market there were bids at 8 satoshi and 7 satoshi even though mine had been wiped out. Still, despite some notable buying pressure from others, I consider myself the majority of the buying demand generally, so this warning I think is still relevant.
Exchanges:
Nyancoins are now listed on Cryptopia . This adds a pool and a market. Although Cryptopia has relatively small volume, I consider it trustworthy and expect we can rely upon them as our core market for the foreseeable future.
Cryptopia is now the only exchange for Nyancoins with significant volume, given Cryptsy has now finally clearly ceased to be a viable exchange. If Cryptopia were to fail somehow, it is likely that this would have significant consequences for Nyancoins. However, there are decentralized exchange technologies, notably CATE, which NYAN2 (my term for the current release, otherwise known as v1.3) should be able to support. On-Reddit exchanges are also possible with tipbots, but require trust as they are not atomic. It should be possible to build an "exchangebot" similarly, although I'm not currently aware of one, but my concept would still have the bot as a trusted central party.
Atomic cross-chain transactions seem to me like a very promising core technology ultimately for building exchanges which can be more proveably secure. They could also allow exchanges to share a common listing protocol as well without having to trust the other exchanges (at least, beyond the core protocol development and maintenance; tanstaafl).
There is also a tiny market available on Novaexchange now. I am intending to try this out eventually, but as of this writing (Oct 7 2016), its volume is insignificant. So it may be a possible backup in case Cryptopia went down, but there would still be major disruption in our market if that happened.
Inconsistent blocks: I haven't done a quantitative analysis of this, but from the beginning of when I started actually using the nyan blockchain, I sometimes noticed that it would be a couple of hours until a transaction went through. When the average block rate is supposed to be one minute, this is pretty crazy. And now we seem to have seen some that are even worse: I had recalled maybe 3-5 hours; these last couple have been more like 12-18 hours. This is obviously a serious deficit. I expect that as we revive we will attract dedicated miners which should prevent this, but it's troubling that it almost seems like so far getting bigger has attracted stronger hit-and-runs rather than attracting long-term miners.
If this is not a temporary anomaly and were to continue to get worse, it could really cripple Nyancoins functionally. In a well-functioning system, I would think that a gap longer than an hour between the blocks shouldn't happen.
Update (Oct 2016): This continues to be a significant issue. A workaround is to use large transaction fees (I've set my client to 337 NYAN) which is enough to cause pools to generally solve a block even if the chain were otherwise stuck. A solution should come in NYAN3, which should hopefully release sometime in 2017.
51% attack: Because of the generally quite low hashing power on NYAN, it is highly vulnerable to a 51% attack. Either a leading pool or a new one could choose to do a denial-of-service attack, whether for extortion, lulz, or some other reason (like coinaday being annoying). Such an attack is capable of preventing any transaction processing for as long as it is sustained. I consider this a relatively low risk since I expect we would simply wait it out (and potentially not even notice such an attack for quite a while given the low volume of transactions currently), but it is definitely a potential vulnerability.
Bugs: It is possible that there are bugs in the underlying code. I have never read through all of the bitcoin or nyancoin code, of any version, nor even finished reading the original bitcoin whitepaper (by the way, we oughta make up a nyancoin whitepaper or ten someday), meaning I have no professional or technical knowledge about whether or not the system is fundamentally sound. I've been going based on "it seems to be working, so it's probably fine", which is, shall we say, more of an engineering than scientific approach.
Update: I have heard reference to a "time warp" bug vulnerability in the KGW difficulty function which Nyancoins has. I do not know details and my understanding is a fix to this would require a fork to change the difficulty function, so I do not anticipate a fix before NYAN3 (late Q4 2016 activation at best, Q1 2017 seems a reasonable target). I consider this vulnerability to be similar to the fundamental weakness to difficulty spikes after large amounts of hashing jumps on the network. Hostile (or simply passing interest with large capacity) hashing does degrade the performance of the network. Fundamentally, this class of attack can be mitigated with a transaction to 'unstick' the chain after, since the difficulty function will adjust in the next block after enough wall-time has passed since the last block (so only need one high difficulty solve which can be triggered by a transaction fee).
Legal: Bitcoin faces uncertain legal situations in almost every country. Nyancoin is even more uncertain, as people tend to consider bitcoin and not address impacts on altcoins. Between the potential tax implications and banking regulations and currency laws, there are a wide variety of ways a person could make a felony-level mistake. This can be somewhat mitigated by merely buying and holding, as you won't be responsible for KYC/AML presumably (although arguably an argument could be made in your purchase), and presumably unrealized capital gains wouldn't be taxable (but I am neither a lawyer nor accountant nor any sort of expert on the relevant accounting laws in any country).
Somehow getting legal opinions for Nyancoins in every country would be very useful in my opinion. If Bitcoin and altcoins are well-studied in a given country it should be relatively easy to adapt those opinions and research to Nyancoins, but it would still require some pro bono work in any case. So...hopefully we'll get some lawyer Nekonauts someday who are willing to semi-officially give us an opinion. In the meantime...hope that common sense can save you. If you sell Nyancoins directly, you're going to need to comply with the KYC/AML types of laws of your country. If you're going to do banking operations...may the central bank have mercy on your soul.
I think the best advantage we have is the same bitcoin had for its first years: we're too small for anyone to care. But since we plan to grow significantly, we need to be aware of our legal issues upon scale. Which is to say, whether or not you're allowed to sell 10,000 NYAN to your friend probably has a lot to do with whether your friend legally acquired whatever is being offered in exchange, and whether the value of what you get in return is above a certain level or not. I'm not going to try guessing that level precisely because I know I'll be wrong. $1 is probably fine. $10,000 is probably illegal without some significant licensing. I would suggest either not touching fiat or else deliberately capping it without verification after getting an independent local expert legal opinion.
concentration: The fact that I hold about 35% of the currently outstanding NYAN could be a major risk factor, particularly if I do not act in the best long-term interests of the strength of Nyancoins. For instance, I could pull my bids, sell only a small part of my holdings, crash the market, and potentially buy a lot of volume for a lower price. While I cannot foresee any circumstance under which I would do this, it is certainly conceivable that I could be financially, legally, or morally obligated to do so if I were to become insolvent.
Internet outage: if the Internet goes down, we hit a very nasty scenario. We can't process transactions, and all the miners go into a race to make useless blocks on their own. If the Internet were never to come back up, Nyancoins would be dead. If there is a daylong internet outage, the longest blockchain discovered after, presumably representing the most hashing power dedicated to empty blocks during that outage, will win. So I suppose the block rewards in that case are for having the faith in Nyancoins to keep hashing and storing the blockchain during the day without the Internet.
addictive: This was a curiosity to me when I started. Now it's an obsession for me. I'm constantly thinking about how I can help to smooth the path for Nyancoins to grow stronger and better and more valuable. You may find that once you start to realize the impact you can have upon Nyancoins, and that Nyancoins can have upon you, that you start to become addicted as well. It is possible to substitute another addiction in its place, such as dogecoins or pcp, but it is not recommended.
Nyancoin addictions are considered 'mostly harmless'. The exception is if you go 'full coinaday' and start to accumulate more than 10% of your assets in Nyancoins. In this, this is essentially a variety of gambling addiction. I would argue that it beats roulette because you can tilt the odds in your favor, but then, I would argue that, wouldn't I?
mo' nyan mo' problems: Some people have claimed that more money leads to more problems. Since nyan is money, it follows as a consequence of the conjecture. Should this be the case, your increasing nyan could potentially lead to such problems in the future as: enhanced attention from revenue collection services of all kinds (governmental and private), swarms of fake friends and gold-diggers, excessive risk-taking as a result of feelings of invincibility, an increase in certain varieties of targeted marketing, possible disqualification for asset-based welfare for you (or even your children, for instance college financial assistance), an inability to remember how many houses you own, or other serious problems.
Conclusion
There are a variety of different risks in buying Nyancoins. I believe by far the most serious one, the only one I'm personally concerned about, is the demand issue. If those of us who have found or come back to NYAN abandon it, it could die. Otherwise, I think it can survive anything, even these occasional crazy long block times.
This self-certified infallible message has been brought to you as a Public Service Announcement of the NYAN Public Relations Council, a transparent front organization of notoriously lovable philanthropist and major NYAN hodler coinaday.
submitted by coinaday to nyancoins [link] [comments]

Coin-a-'Week': Peercoin (PPC)

Coin-a-Day Jan 3rd
Well, it's been more than a month since my last post, so I figured it's time to finally do this. I'm barely updating these, but I think it's somewhat interesting to see the changes that have happened over the almost half a year since I first wrote these.
Welcome to the third Coin-a-DayCoin-a-Week post! So far in this series we have talked about bitcoinbitcoin and dogecoindogecoin, which are proof-of-work coins. Today's coin is Peercoin (PPC), which is a "proof-of-stake" coin (actually a hybrid; more below).
Summary
• ~22 million available currently [1]; ~35 million in 2025, ~50 million in 2045, 1% annual inflation permanently [2]
• All-time high: ~$7 [3]
• Current price: ~$0.50; ~0.0017 BTC$0.30; 0.00128 BTC [1]
• Current market cap: ~$10.9 million $6.6 million [1]
• Block rate (average): 10 minutes [4]
• Transaction rate: 520 408 transactions in the last 24 hours, estimated ~$213,000 $83,600 [5]
• Transaction limit (currently): 7 transactions / second (?) [6]
• Transaction cost: Fixed at 0.01 PPC edit: per Kb [2]
• Rich list: Top 100 addresses hold 59.25% 59.52% [5]
• Exchanges: BTC-E mostly; BTC38 (Chinese); some volume on Cryptsy, The Rock Trading, and BTER as well [7]
• Processing method: Hybrid; proof-of-work and proof-of-stake
• Distribution method: proof-of-work block rewards and 1% inflation through proof-of-stake
• Community: Moderately active. [8]
• Code / development: https://github.com/ppcoin/ppcoin ; appears inactive, last release in April, last commit five months ago; however, developer Sunny King continues to give weekly updates and has announced an upcoming "cold-minting" feature [14] EDIT: Active pull request in progress. pull request; announcement; I was informed about this from the comment below; thanks Thireus !
Latest 0.5 version will be a mandatory upgrade with a two month release window. [15]
• Innovation or special value: First coin with proof-of-stake
Description:
So far we have covered two proof-of-work coins. This was the original type of coin. Peercoin introduced the concept of "proof-of-stake", where authority to generate a block was determined based on a brute-force hashing to reach a value less than a certain amount. In Peercoin's proof-of-staking, there is only one to check per unspent wallet-output per second, so there is very little demand for processing power and energy. The difficulty is decreased with increased coindays [9].
This model is argued by Peercoin supporters to be more efficient, since it obviates the need for a hardware arms-race and allows transaction processing by all stakeholders. The incentive for the stakeholders to "stake" (process transactions through proof-of-stake) is two-fold: first, in order to collect their 1% per coin-year reward, and second, to support the network they hold coins in, since the value of the coin is presumed to be related to the stability and reliability of its network.
There are a number of attacks which are argued to be possible in proof-of-stake which are not possible in proof-of-work [10]. There was a vulnerability which allowed generating a larger number of proof-of-stake blocks with a very small stake which took four months to close after public disclosure [11]. I wish I could provide a definitive answer about the security or vulnerability of this coin, but I am simply unaware of a good source at this point [12]. I have not found a "smoking gun" critique of the current system, but absence of proof, particularly when my "research" (googling) is so limited, and my exposure is so brief, is absolutely not to be taken for proof of absence. Today's challenge will focus on the security of Peercoin, and there will be a small reward for the best defense and the best critique.
Compared to the question of "is it secure?", I think the rest of the nuances like price history are relatively insignificant. In general, I expect that secure coins will continue to be transacted at some price level, and that they will often share a certain level of correlated price. Remember that I am not giving advice, but that's my take on it. So if there is no vulnerability to proof-of-stake, I expect it will continue to exist. And just as bitcoin has a strong place from being the first and having an active community, I expect that Peercoin would continue to have a place as the first proof-of-stake along with its smaller but also active community.
I had my concerns about the security resolved when this was posted. Like a whiny chump I'd gone through and deleted all of my stuff in a fit of pique, but the useful comments by TotalB00n are still there and may be useful reading.
The inactive development may not be an issue for now if there are no serious threats to Peercoin. Additionally, its blockchain is quite small, about 1/3rd of a Gigabyte currently[13], so the major feature of bitcoin's latest release, parallel block downloads, may be less relevant for peercoin.
[Note that the edit above on the code section is from the original time around. I'm too lazy to even look up whether or not there has been further development since, but it was at least somewhat active before, and perhaps didn't really need much.]
Community
Peercoin's community on Reddit (/peercoin) is relatively small, with less than 4k subscribers and no more than a couple posts a day. However, it appears on-topic and high-quality.
http://www.peercointalk.org/ looks active and significant. It is not comparable in size to a central hub like bitcointalk, but it is by no means dead.
There are additional community links on peercoin.net which I haven't explored.
Footnotes
[1] http://coinmarketcap.com/currencies/peercoin/
[2] https://github.com/ppcoin/ppcoin/wiki/FAQ
[3] http://www.cryptocoincharts.info/paippc/usd/btc-e/alltime I couldn't find anything just stating the number. And the UI here is terrible. But this approximately matches the coinmarketcap ATH in BTC with the BTC/USD at the time.
[4] http://en.wikipedia.org/wiki/Peercoin#Confirmations ; I wasn't sure if this accounted for PoS accurately as well, but given the last few hours shown at https://bkchain.org/ppc it does appear to be close ; don't ask me how it works, haven't taken the time to grok the whitepaper in detail yet ([9])
[5] https://bitinfocharts.com/ppcoin/
[6] I wasn't able to find a source addressing this. I'm presuming that since it's based on bitcoin and has 10 minute blocks, that it also shares the 1 Mb blocksize limit and that transactions are about the same size and thus the same 7 transactions / second current limit applies. I could absolutely be wrong about this; if you know better, please let me know and I will update. Given that this allows 604,800 transactions per day, and there weren't 0.1% as many transactions in the last 24 hours, I think it's safe to say this isn't a limiting factor for peercoin in the foreseeable future.
[7] http://coinmarketcap.com/currencies/peercoin/#markets
[8] Not as active as doge or bitcoin, but it looks like there's activity on http://www.peercointalk.org/, and /peercoin is quiet but not dead.
[9] http://www.peercoin.net/assets/papepeercoin-paper.pdf ; also available in many other languages (http://peercoin.net/whitepaper)
[10] http://www.reddit.com/CryptoCurrency/comments/2r6sqb/section_of_paycoins_source_code_designating_a/cnd096x 110101002 makes allegations along these lines. However, none of the critiques seem to be relevant and aware of the current Peercoin code. The claim is made that it was made centralized but I'm not aware of a Peercoin source that seems to make this claim. There are probably far better critiques and defenses of the security of Peercoin's proof-of-stake out there. I don't know how to best find them. This will be the topic for the challenges for this article.
[11] disclosure; acknowledgement; fix
[12] I have heard claims about "nothing-at-stake" attacks, which are based on the idea that a user might have stake in the system, then get the stake back, sell it, and then try to make their own chain building off the point where they had stake. This seems conceivable to me, but I do not know anywhere near enough to be able to make a reasonable argument one way or another. Unfortunately, most of the discussions on Proof-of-Stake seem more about ... well, there's no way to phrase it politely, but they don't seem to be reasoned consideration of the merits but just static.
http://www.peercointalk.org/index.php?topic=2351.0 - This is an example of a critique which is shot down. Is it valid? You decide. From reading their view of it, it sounds like not.
[13] http://www.reddit.com/peercoin
[14] I found this relatively late in my process glancing over /peercoin. http://www.peercointalk.org/index.php?topic=3733 The details of this feature will be considered out-of-scope for this article, already taking longer than I anticipated (as usual).
[15] https://www.peercointalk.org/index.php?topic=4107.0
Additional Reading
http://www.peercoin.net - main site; informative and useful links
/peercoin - somewhat quiet but still active and informative
https://bitcointalk.org/index.php?topic=793142.msg8933791#msg8933791 - Peercoin discussion thread
Peercoin whitepaper - (other languages available)
• peercointalk.org - Main discussion forum
Daily challenge
~~Every day I post a challenge worth about $1. The first two day's are still unattempted. Yesterday's has been awarded.
Today's challenge focuses on Peercoin security. A changetip $0.50 tip will be awarded to the comment which in my opinion provides the best information about vulnerabilities in Peercoin's current consensus algorithm / implementation. This may be a link to a source that provides this information or a comment, but a comment referencing fixed problems or simply asserting issues without support will not be accepted as qualifying.
On the other side will be a 1 PPC reward sent to the Peercoin address of your choice for the best argument supported with evidence that Peercoin's consensus algorithm is not vulnerable to any attack. This is a very broad claim, and I wouldn't know how to support it myself, but that's why I'm throwing it out there for discussion.
Making an argument for both sides is allowed and encouraged.~~
[I don't remember if I ever paid up on this. I think I might owe TotalB00n a couple PPC...]
Donations and Disclosure
It has come time again for me to note that I am not an authority nor should my words be used for anything other than entertainment. I am not providing investment advice and you should do your own research independently before you make any investment decisions. Cryptocurrencies may lose all value from technical flaws or simply a loss of faith in their value. Store your treasures in heaven, not on earth nor even in a blockchain. Be gentle and loving in deed and in thought.
I currently hold about 17 PPC.
If you would like to donate PPC to me directly, you may do so at: PDcpAFGWEAJDTey6ghY4FRvvphXv9zkjmn
Thank you all for reading and all of your support! This has already been a great experience for me and I'm looking forward to the excitement still to come.
Well, it doesn't get much lazier than that. Apparently PPC has dropped in price rather significantly since January. I don't know any of the news on it. Informative, eh?
...okay, I'll do a mild amount of "research". One moment.
Well, they have a new release coming out. [15] But I don't see anything obvious from a quick glance at top stories in that subreddit over the past year to see why it crashed over the last five months.
So...hey, let's go really lazy. Rather than me giving you the answers, why don't you tell me wtf happened here? xD
Up next: Nyancoin!
submitted by coinaday to CryptoCurrency [link] [comments]

How to dig deep for doges with only CPU

I see many doge lovers digging with there CPUs for Dogecoin directly. Even with a high end CPU; you will only achieve about 40 kH/s - this equates to ~ 1000 coins a day.
Do not fear; there is a better way.
First download the new and far more efficient CPU miner (+25%)from https://bitcointalk.org/index.php?topic=353448.100 Direct Link:
http://sourceforge.net/projects/philosopherstone/files/QRK/Win64_all_Improved2.zip/download
Next download the digital wallet from : http://securecoin.org/download/
Now sign up for a Securecoin pool; I use : http://www.coinmine.pl/src/index.php
Create a worker in the pool, and call it 1, set it's password to 123
Go into the folder were you put the extracted CPU miner files: Create a .bat file and put the following in it:
minerd.exe -a quark --url stratum+tcp://src.coinmine.pl:6020 -u (user name here).(worker name here) -p 123 -t x
(set x to the number of cores or threads your cpu has) If you computer lags too much while you need to do stuff, set x to 3/4 or 1/2 of your max cores.
(!For the next stage, you might need to disable your antivirus software for a few minutes, as some will false report the .exe file)
Next run the .bat file and your CPU will start mining; keep an eye on temps for the first 20 minutes and ensure proper ventilation is present. If you are running this on a laptop keep a very careful eye on temps, if they are going too high what you can do is change the laptops power settings to only use say 75% of the cpu power.
An i7 920 should achieve around 500-600 kh/s. Even a old dual core laptop should achieve 75 kh/s.
Mine for a few hours (6+) and transfer you coins to the wallet you downloaded earlier.
Next sign up to the coin exchange Crypsy (https://www.cryptsy.com). Go to the balances tab, scroll down to Securecoin, select deposit, generate an address, copy the address, go back to your wallet, click send a new transaction and then send your coins to the crypsy address.
The final stage is the simple one. After ~1hour, you coins should appear on crypsy. Go to : https://www.cryptsy.com/markets/view/88 Sell your Securecoins for bitcoins. Next go to : https://www.cryptsy.com/markets/view/132 And buy your first Dogecoins! Happy digging! Much riches. So fine. wow
Edit: additional warning : Many pools will take a 0.01 SRC fee for withdrawing coins, so make sure to withdraw in one big nugget if you have too rather than lots of little withdrawals. You would be best mining for at-least 24 hours before you withdraw your funds.
Edit 2: If you are having sync problems, try the below to update sync issues :
http://pastebin.com/8Vb5dkgS
submitted by Iwasapirateonce to dogemining [link] [comments]

A few thoughts - Saturday, June 7, 2014

Today's thoughts are all about altcoins.

Litecoins are not dead

Several people have started to agree with me recently that litecoins aren't dead yet. But I wasn't quite able to give a concrete answer as to why, until a comment reminded me that litecoins are the most widely traded of all the altcoins. BTC-e, for example, doesn't deal in phoenixcoins and ronpaulcoins. Being widely traded is a significant advantage, even if the coin doesn't itself have any advantages.
I'm not sure why ASICs are relevant to the price of altcoins. ASICs are going to be distributed amongst miners just like they were with bitcoins; this just makes the miners fight a losing battle with each other, costing each other money. As long as one person doesn't get all the ASICs, it doesn't have any effect on network security.
A while back, all the speculation was that litecoins would overtake bitcoins once Mt Gox accepted them for trading. In the interim, however, we have several major exchanges trading them. When an exchange wants to expand into altcoins, they don't look towards the trendiest new thing; the first mainstay they adopt is litecoins.
The other advantage litecoins have is that there is a certain amount of "lock-in" with other coins. I've already commented about the concept of technological "lock-in." In this case, you have exchanges like Cryptsy that denominate some altcoins solely in litecoins. I found out that there is a class of altcoins that can only be traded Bitcoins -> Litecoins -> Altcoin. Even if you don't want litecoins, you still have to buy them if you want to play the game with these "penny stock" coins. That keeps their price high because even if merchants do not accept them, they still have utility and "acceptance" by exchanges.
Also, a quick thought to ponder: a lot of the reason why people buy bitcoins is that bubbles crash, things change, and bitcoins are still around. Have litecoins reached the point where people expect them to die, they don't, and therefore they think there must be something to them?

Max Keiser recommends Darkcoins; I do not

Max Keiser put out a tweet trying to sell darkcoins to his followers, saying he thinks they will recover after their recent bug-fueled crash. Remember that Keiser was also the one who said to buy the essentially 98% premined Quarks too, and that failure alone might be reason enough to ignore whatever he says.
I like the idea that when an altcoin has a lot of hype, it's not time to buy it. Darkcoins may have some benefits, but there is so much hype around them that there is almost certainly a bubble there. Don't confuse that with the idea that darkcoins won't have a niche in the future. However, just like bitcoins, there are times when hype gets out of proportion to the advantages the technology has.

Today's altcoin mining report

Altcoin mining profitability is all over the map today. If I had started testing this pool back during the last cycle, it would have been interesting to see if we could deduce any patterns from this data. As you can see in the charts at:
http://shoemakervillage.org/temp/altcoins2014-06-07.jpg
there are about 20 coins that are constantly switching as the most profitable. This may be partially a result of those new coins that have extremely fast difficulty adjustments. The chart isn't as useful without being able to mouse over the bars, but it gets the general point across just seeing all the colors. People obviously do not value most altcoins for their specific features anymore; most of them are just a game. There is one trend that is not all over the place:
http://shoemakervillage.org/temp/altcoins2014-06-07-2.jpg
The expected payout of scrypt coins is at $1.33/Mh/day now, which is completely opposite the trend of increasing bitcoin prices.

The effects of orphanage

Some altcoins reduce the block confirmation time by making the coin ridiculously easy to mine. There's no advantage to creating an altcoin that has huge numbers of blocks, because then all that happens is that your "confirmed' transaction is more likely to get orphaned. In testing, I was getting 30% orphanage rates on some of these fast coins. Look at what happened last night in the course of a few blocks:
http://shoemakervillage.org/temp/altcoins2014-06-07-3.jpg
However, I'm still trying to figure out whether orphanage actually reduces the pool's revenue or not. The conclusion I'm coming to is that it only cuts miners' revenue from the expected value if your orphan rate is higher than the average orphan rate of the network. If everyone has 30% of blocks rejected, then the blocks are still being created at the same rate and everyone gets the same amount of money. You only lose money if you have more orphans than everyone else does.
Am I missing something here? If not, then orphanage is only an indicator of a bug or of monetary losses if I have orphaned blocks for long networks like bitcoin, where having another pool finding a block within a second or two is very unlikely.

None of the altcoins has the innovation that bitcoin needs

The only true innovation from any altcoin that would pose a threat to bitcoin is if someone came up with a yet-unknown solution to the 1MB transaction limit, that will be permanent for an indefinite period of time, and released a new coin with it.
Some people mistakenly say that people will switch to altcoins to get around the block size limit, but that isn't the case because the most any altcoin has done to resolve it is to make blocks more frequent, which only raises the limit to some hardcoded value. Raising the limit to some hardcoded value isn't "solving" the problem, it's just putting it off into the future. Don't make a mistake and buy altcoins thinking that some altcoin is going to address that limit, because none has.

Altcoin code is a mess

Altcoins are a mess, when you are trying to compile their code. If you haven't done this with many coin daemons, which most probably haven't, then you probably don't know that almost all altcoins are just clones of bitcoin with some minor changes. This is one of the reasons why bitcoins have such an advantage, because you can't be innovative when you just copy stuff from the bitcoin developers.
What some people don't know is that most altcoins aren't even doing that. There are a few altcoins that have changed little in many years, so instead of incorporating fixes that have been included in bitcoin since then, those coins never upgraded to newer block templates and they don't include the latest features. It also means that bugs that were later fixed are still present in those coins. Some coins, like namecoin, are in horrible shape and for many, it's a matter of time before this code aging causes some sort of security issue to be discovered.

Dogecoins are doomed?

Dogecoins are supposedly doomed. The idea is that the block reward is decreasing too rapidly, and the price of dogecoins needs to rise to avoid a 51% attack. I'm not so sure that the developers of dogecoins will just roll over and die, given how large that community is.
More likely is that if the price stays stable and more block reward decreases occur, they will release a fork to stop the reward decline earlier than expected. That will devalue dogecoins significantly. If the hashrate of dogecoins starts to drop, I would get out. I don't think the network is "doomed," but I do think that the only solution to the problem is to devalue coins, and you obviously don't want to be holding when that is announced.

Negative "interest" rates

Apparently, the speculation now is that negative interest rates are going to spread to the rest of the world, and that banks will start charging an account maintenance fee, along with eliminating interest payments. In that case, what is the purpose of using a bank? I won't be keeping a checking account if that happens. Instead, I'll close my account, buy a safe and store cash in it, using banks only to trade stocks. I don't think I spent a single dollar in actual cash for the past year before this, so this is a technological regression.
What kind of world is this where it is a better idea for me to store wads of cash in a safe instead of putting it in a bank, where they actually take money from me?

Other

submitted by quintin3265 to BitcoinThoughts [link] [comments]

Buying Dogecoin is so hard

I'm trying to buy Dogecoin, but i live in Mexico so the usual places people buy Bitcoin so they can then buy Doge need bank verification (only US). So i went to the dogemarket and they want the paypal transfer as a gift (I don't have a problem with that, don't want them to get ban from paypal)
But in my country the option to send as a gift does not exist.
I hate my country so much right now :(
I just wanted to buy 25K of doge... Mexican shibes can't have nothing good these days.
Ps. Thanks for reading my rant and sorry for my bad grammar.
Edit: Google wallet is racist a told me to go home :(
Giving Skrill a try... I'm not giving up, by the end of the day i will buy doge no matter what.
Edit 2: Skrill won't verify my debit card
Edit 3: Finally i bought some Bitcoin with paypal at virwox.com, there are lots of fees and it will take 48 hours for the transfer of Bitcoins (because i'ts my firts transfer) to my new account on cryptsy.com.
Overall i think it was cheaper and more secure than buying at localbitcoins.com (mexico).
Thank you all for your advice.
submitted by carlishio2 to dogecoin [link] [comments]

Subreddit Stats: nyancoins top posts from 2014-01-22 to 2017-12-11 08:32 PDT

Period: 1419.14 days
Submissions Comments
Total 982 13857
Rate (per day) 0.69 9.75
Unique Redditors 223 1038
Combined Score 6770 19579

Top Submitters' Top Submissions

  1. 895 points, 208 submissions: coinaday
    1. Thank You: An interlude for gratitude (11 points, 19 comments)
    2. [community] You are a leader of Nyancoins / Herding Cats: Leading Leaders; Leadership in a Decentralized Community (10 points, 8 comments)
    3. Current Status / What I need to do (9 points, 4 comments)
    4. 1Ɲ >= 1Đ (8 points, 4 comments)
    5. I've got /nyancoin; anyone want to make use of it? (8 points, 13 comments)
    6. Want a NYAN faucet? Try out GetFairShare, a Crypto Universal Basic Income experiment; now with NYAN! (8 points, 3 comments)
    7. [finance] [theory] [first draft] Why NYAN is a great hodler's coin (8 points, 0 comments)
    8. [meta] [misadventures of coinaday] I quit! Okay, I'll stick out the two weeks. ...uh, sure, I'll try out management... ; also being a Good Samaritan feels great (8 points, 2 comments)
    9. I'm ready to give up on life; in which coinaday finally has his full-blown mental breakdown. So long, and thanks for all the rainbows! (7 points, 20 comments)
    10. Learn languages and earn NYAN: I strongly encourage everyone to sign up for (if you haven't already) and use Duolingo! (7 points, 16 comments)
  2. 588 points, 45 submissions: americanpegasus
    1. Fellow kitty-tats: We are making friends over at /dogemarket! They like us, and we should support them in kind! (31 points, 20 comments)
    2. Have you kats seen this!!? We just got mentioned in a Wired article above even Dogecoin! Wow! (30 points, 12 comments)
    3. GAME OF NYANCAT, Episode 4... Thousands of Nyancoins to win this weekend, for free! Choose your kingdom, choose your job, and claim your share of the treasure: Let's make this the biggest game yet! (28 points, 274 comments)
    4. We just passed CatCoin in marketcap: We are in 59th place and officially have lift off! Hold on to your poptarts - here we go! (28 points, 8 comments)
    5. I want to extend a huge thanks to Phecalfeliac who has successfully given us our very own tip bot! (nyantip) Please post in this topic so we can all tip you our thanks (with your own bot). (23 points, 80 comments)
    6. We are going to 500 subscribers this weekend: I guarantee it. Nyancoin has exploded, and I just want you to look at how far you've come in just 7 days. (23 points, 34 comments)
    7. Prepare to play... GAME OF NYANCAT. The Kingdom that wins will split a 1000 Nyancoin bounty, and all players are eligible for random tips. (22 points, 63 comments)
    8. GAME OF NYANCAT, Episode 2 (1/27/14)... Play NOW for free and win free Nyancoins! Every player will get tipped coins, and the Kingdom that wins will split up to a 1,000 NYAN treasure! Let the quest begin! (21 points, 73 comments)
    9. I took care of the vincent21212 & fake Nyancoin subreddit problem. (21 points, 14 comments)
    10. GAME OF NYANCAT, Episode 3 (1/28/14)... Play NOW for free and win free Nyancoins! Every player will get tipped coins, and the Kingdom that wins will split up to a 1,000 NYAN treasure! Let the quest begin! (20 points, 60 comments)
  3. 326 points, 40 submissions: atheistftwins
    1. BEWARE! Crycurex.com may be attempting to add NYAN! (22 points, 8 comments)
    2. Lets make Nyancoin games! Increased bounty size to 40,000 NYAN! (20 points, 59 comments)
    3. In honor of our recent success and becoming the biggest cat-themed coin on reddit, I'm hosting a giveaway and raffle! (15 points, 190 comments)
    4. Lets make a game for Nyancoin! 10,000 NYAN bounty! (14 points, 43 comments)
    5. Dev says Chris and the Nyancat team will begin heavy promotion of the coin soon! What should the community do to support this? (13 points, 4 comments)
    6. It's time for the community to revive this coin. Promotional campaign: 50,000 NYAN bounty! (12 points, 66 comments)
    7. Preparation for KGW: up to 11,000 NYAN giveaway. One person will walk away with 2500 NYAN! (To my knowledge the biggest tip that will have been given away here.) (11 points, 44 comments)
    8. We just passed difficulty of 10! Giving away 10 NYAN to anyone who posts here up to 1000 NYAN! (11 points, 229 comments)
    9. We need more marketing of the coin. (11 points, 21 comments)
    10. Flash NYAN giveaway! Will last 24 hours instead of usual 6. Meta-topic: What kind of giveaway does the community want? (10 points, 42 comments)
  4. 266 points, 33 submissions: braxx1980
    1. new exchange looking for trading pairs... voting NYAN up (19 points, 28 comments)
    2. maybe we need some nyancoin support from deadmau5 and skrillex (16 points, 5 comments)
    3. NYAN now also listed on cryptx.io (14 points, 5 comments)
    4. [idea] why not ask doge 4 water to add NYAN (13 points, 9 comments)
    5. NYANcoin... to boldly go where no NYAN has gone before CYBERSPACE (12 points, 8 comments)
    6. apologies to Joel (easyjo) for the FUD for altoutlet. He is the best. Giving Nyan a chance to his store... THANK YOU JOEL (12 points, 1 comment)
    7. GREAT NEWS: altoutlet.com is going to add us this week (11 points, 3 comments)
    8. TIME IS UP... let's find ourself a new developer (11 points, 9 comments)
    9. We hit COINMARKETCAP (@the moment place 66) (11 points, 18 comments)
    10. CALL OUT TO DEV: give us some status on the work on X11. I'll give you until 1 may. (10 points, 6 comments)
  5. 232 points, 29 submissions: Simcom
    1. More positive press!! The battle over Nyancoin: How a cat meme inspired a cryptocurrency war [TheDailyDot] (22 points, 1 comment)
    2. Nyancoin was just listed on it's first Chinese exchange! (15 points, 8 comments)
    3. How I feel when one of my NYAN tips is rejected. (14 points, 14 comments)
    4. [Giveaway - 2000 NyanCoin for tipping!] Go forth Space Kitties - to the the far reaches of Reddit!! Spread the the gospel of NyanCoin to all you encounter!! (14 points, 162 comments)
    5. Nyancoin is now listed on Cryptsy!!! (13 points, 14 comments)
    6. This was just shared with 3 Million People on Facebook!!! (11 points, 5 comments)
    7. Welcome newcomers! If you haven't done so already - stop by the 1st Official Reddit Giveaway thread for 33.7 free coins! [Repost] (11 points, 1 comment)
    8. Flight Commander Sgt. Fluffy McMeower, reporting for duty. (10 points, 6 comments)
    9. Let's Roll (10 points, 0 comments)
    10. Nyancoin added to the Cryptsy voting list!! VOTE NOW!!!!!! (10 points, 10 comments)
  6. 208 points, 13 submissions: nyancoin
    1. NYANCOIN FIRST OFFICIAL REDDIT GIVEAWAY - 33.7 nyancoins for the first 337 comments! (43 points, 744 comments)
    2. Nyancoin V 1.2 Out Now! Kimoto Gravity Well Implemented! MANDATORY UPDATE (28 points, 28 comments)
    3. Dev Updates (19 points, 14 comments)
    4. Some updates from the dev team (18 points, 22 comments)
    5. [Giveaway] 10 FREE NYANCOINS to the First 1000 Posts! (17 points, 204 comments)
    6. Dev Updates + Kimoto Gravity Well is here! (16 points, 17 comments)
    7. Check out the first Nyancoin promo video! (13 points, 26 comments)
    8. Nyan Cat Store Pre-opening Offer! (13 points, 40 comments)
    9. News and Update on Nyancoin (12 points, 31 comments)
    10. Nyancoin will be switching to X11 Algo! (11 points, 33 comments)
  7. 173 points, 35 submissions: KojoSlayer
    1. NyanCoin Miner v0.06 [Game WIP] (12 points, 19 comments)
    2. Nyancoin Pixel Art In MC (First Attempt!) (8 points, 5 comments)
    3. To Buy All The Nyan On Cryptsy 12.27904283 BTC Or 3004.19 US Dollars (8 points, 9 comments)
    4. New To Nyan & Cryptocurrency (7 points, 13 comments)
    5. Two Faucets?! One Week! This coins is dead I say! (7 points, 32 comments)
    6. [Bounty] 5,000 Nyan, 10,000 Nyan! Faucet! (7 points, 24 comments)
    7. [Hype][Update] Browser based MMORPG accepting Nyancoins. (7 points, 13 comments)
    8. Dice soft launch (6 points, 8 comments)
    9. Meow (6 points, 0 comments)
    10. Miners We Need YOU! (6 points, 20 comments)
  8. 163 points, 2 submissions: nyantip
    1. Hi, I am nyantip. I need karma to function. Upvote me and post something interesting in this thread to be tipped Nyancoin. (104 points, 170 comments)
    2. This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip! (59 points, 99 comments)
  9. 117 points, 15 submissions: sillyputti
    1. I didn't finish this in time for the Game of Nyancat, but better late than never...Nyan Power! (15 points, 27 comments)
    2. Just mined my first 100 Nyan, testing out the tipbot. Come help me tip. (10 points, 101 comments)
    3. Made a tutorial for beginners on mining nyan. Let me know if I can make it better. Thanks. (10 points, 9 comments)
    4. Remember Nekonauts, we have some pretty cool subreddits worth checking out too. (10 points, 10 comments)
    5. Updated the old Java GUI Miner. Try it out and see how it works, may have some use when KGW hits. (10 points, 0 comments)
    6. Guys, guys! I saw nyancoin on the Crypto-Currency chart! (8 points, 10 comments)
    7. Brainstorming and tip session at /nyangaming (7 points, 0 comments)
    8. ELI5: The benefits of being "Officially Licensed" coin are? (7 points, 15 comments)
    9. Found my first block today. Sharing some nyan for new nekonauts. 100 nyan give away. (7 points, 122 comments)
    10. Link to the creating your own faucet (7 points, 5 comments)
  10. 103 points, 17 submissions: OnwardFlying
    1. I'm not into Nyancoins for the money, however... (12 points, 8 comments)
    2. FortyNyaners have a 0% fee, nice layout. I like. (10 points, 3 comments)
    3. Too much hashrate at Nyanmine. Please diversify! (9 points, 8 comments)
    4. IRC @ chat.freenode.net, #Nyancoin (8 points, 1 comment)
    5. The video that started it all! (7 points, 0 comments)
    6. AMD/esp. nVidia miners, get more kh/s from your cards. (6 points, 1 comment)
    7. Coined Up at 5-15 Satoshi again. Quick get your cheap nyan! (6 points, 4 comments)
    8. IRL Nyan Sightings Increase Dramatically - We need your proof they exist! (6 points, 1 comment)
    9. Is it about time we think about a good push for Cryptsy? (6 points, 15 comments)
    10. [Bounty] Create a Nyancoin meme, get 10 nyan per upvote! (6 points, 9 comments)
  11. 98 points, 5 submissions: kiyami
    1. I'm a graphic designer new to nyancoin/reddit and wanted to help out. Hope you like it! (39 points, 35 comments)
    2. Starry Night (25 points, 17 comments)
    3. Cats: Every single one has a God-complex. (19 points, 4 comments)
    4. BRAiN FREEZE (11 points, 10 comments)
    5. wow such ascent, many flap... my four favorite coins together 4ever. Wallpaper! (4 points, 3 comments)
  12. 97 points, 22 submissions: jwflame
    1. Map of Nyancoin Nodes (7 points, 6 comments)
    2. More market weirdness that cannot be explained (7 points, 1 comment)
    3. Cryptopia block explorer gone ? (6 points, 2 comments)
    4. Found another mining pool. (6 points, 3 comments)
    5. NYANSEED is online (6 points, 12 comments)
    6. New block explorer (6 points, 1 comment)
    7. The 3rd exchange returns (6 points, 1 comment)
    8. 'official' website has gone (5 points, 3 comments)
    9. Domains for chain and website (5 points, 8 comments)
    10. Novaexchange closing (5 points, 3 comments)
  13. 89 points, 9 submissions: valcarni
    1. Nyancoin makes SBS Australian news (18 points, 4 comments)
    2. Don't just be a casual nekonaut press subscribe and get this channel up to 500 users (16 points, 5 comments)
    3. We need a new currency exchange (15 points, 13 comments)
    4. Don't know if you all saw this but, Follow The Coin announces how Nyancoin is the first offically licensed cryptocurrency (12 points, 0 comments)
    5. Nyancoin on its way up (12 points, 7 comments)
    6. My first 7.349511 Nyan (5 points, 6 comments)
    7. My contribution to the community - Nyancoin Lotto (4 points, 4 comments)
    8. The value of Nyancoins (4 points, 7 comments)
    9. Just need one more player in Game 1 of Nyancoin Lotto (3 points, 2 comments)
  14. 75 points, 9 submissions: IntelligentComment
    1. Nyan gaining popularity (14 points, 14 comments)
    2. Announcement nyandispenser.tk/faucet has been hacked. Please do not go to that website (12 points, 12 comments)
    3. California passed law making Bitcoins & Other cryptocurrency legal money (11 points, 1 comment)
    4. Official Nyancoin youtube launch video. Millions of dollars spent for production!! (11 points, 3 comments)
    5. Mine as much as you can, the popularity wave is coming (6 points, 6 comments)
    6. Nyan Coin Mining subreddit - New (6 points, 0 comments)
    7. Official Nyancoin catch phrases vote thread! Vote and submit! (6 points, 11 comments)
    8. Post pics of your nyan coin mining rig! (5 points, 21 comments)
    9. How to pronounce Nyan (4 points, 3 comments)
  15. 72 points, 11 submissions: slasherzx
    1. How I describe nyantip bot (12 points, 3 comments)
    2. ASIC scrypt miners incoming! (8 points, 14 comments)
    3. Is our faucet dry? (8 points, 20 comments)
    4. We are back at top 100 in coinmarketcap (8 points, 14 comments)
    5. After KGw, what's next.? (7 points, 6 comments)
    6. Cuckoo cycle a new algo? (7 points, 2 comments)
    7. Lets celebrate KGW implemented! No one is stopping Nyan now! (6 points, 0 comments)
    8. KNC upped the speed from 100mhs to 250mhs.. (4 points, 4 comments)
    9. Scrypt Adaptive-N + Kimoto Gravity (4 points, 22 comments)
    10. moonishere pool owning 50+% of net hashrate (4 points, 0 comments)
  16. 68 points, 7 submissions: petert0th
    1. Shut up and take my nyancoins! (18 points, 24 comments)
    2. Faucet added to 2048nyancoinz! (14 points, 33 comments)
    3. 2048nyancoinz - 2048 game with a lot of nyanz:) (10 points, 8 comments)
    4. Nyan Dice public beta is here! Check it out and tell me what do you think about it! (8 points, 13 comments)
    5. 1000th 2048nyancoinz dispense is coming, 15 to go, 100 nyan bounty for the lucky dispenser. (6 points, 22 comments)
    6. Making 500 nyancoins to almost 4000? Congrats to the first "large multiplier" winner:) (6 points, 0 comments)
    7. NyanDice is almost here! PM me if you want to beta test it. (6 points, 4 comments)
  17. 65 points, 7 submissions: lzr1900
    1. A generous Nekonaut just donated almost 1 BTC to Cryptsy Votes,that made us be the 7th place there.Our community must do something to help our little nyancoin added on Cryptsy,we deserve that!!If 1/5 of Nekonauts(nearly 200) donate 0.01BTC each to Cryptsy will let us achieve this goal! (18 points, 22 comments)
    2. Nekonauts!We hit Coinedup!! (13 points, 14 comments)
    3. WTF!!!Freshmarket.co.in compromised!! (9 points, 10 comments)
    4. Vote Nyan for MintPal!This exchange seems really awesome. (7 points, 4 comments)
    5. 67000 blocks now! KGW working. (6 points, 0 comments)
    6. Aha.Thanks Coinedup.We have NYAN/LTC now.Happy trading:o. (6 points, 4 comments)
    7. I will start a brand new promotion in China recently,include some giveaways,games,etc in the fourms,weibo,QQgroups.Let the Chinese join NYAN!!!We will to da Sapce.Let's do it. (6 points, 10 comments)
  18. 63 points, 9 submissions: nyanstu
    1. Keep voting up NYAN on allcrypt!! http://www.allcrypt.com/beta/voting.php (15 points, 5 comments)
    2. Nekonauts for charity! (10 points, 20 comments)
    3. Let's get writing to publicize NYAN (7 points, 6 comments)
    4. Can someone hook up the price guide to coinedup? (6 points, 10 comments)
    5. Nyancoiners from all over the world... (6 points, 22 comments)
    6. Wikipedia for Nyancoin (6 points, 3 comments)
    7. Cryptsy? (5 points, 3 comments)
    8. Needed: team of brave Nekonauts! (5 points, 10 comments)
    9. Facebook page! (3 points, 9 comments)
  19. 59 points, 8 submissions: dhj0001
    1. Nyan.cat (14 points, 9 comments)
    2. It seems like we've generated some buzz for Nyancoin? (12 points, 5 comments)
    3. Progress of Kimoto Gravity Well? (10 points, 6 comments)
    4. Assistance with NYAN Faucet (6 points, 5 comments)
    5. Official NyanCoin images (5 points, 6 comments)
    6. Why is nyancoin falling? (5 points, 9 comments)
    7. New Nyancoin game up and running! Calling all sprite photoshop guru's for a nyan-themed upgrade! (4 points, 7 comments)
    8. Why do you think Nyancoin is one of the better cryptocurrency? (3 points, 3 comments)
  20. 57 points, 11 submissions: The-Bent
    1. My not quite finished Nyan display for the office (8 points, 11 comments)
    2. Added rainbow to the mining box. (7 points, 5 comments)
    3. My ghetto Nyan mining rig. (7 points, 20 comments)
    4. I got a 3D printer and made some things to help keep my Nyan mining rig cool! (6 points, 17 comments)
    5. Looks like Nyanchain is back up!! (5 points, 5 comments)
    6. So you just received your Moonlander 2, what now? (5 points, 9 comments)
    7. What mining at under 5 megahashes per second gets you. AKA: why I love Nyan! (5 points, 4 comments)
    8. mining rewards on chain.nyan.space (5 points, 5 comments)
    9. FutureBit Moonlander 2 is available. (3 points, 30 comments)
    10. how to node? (3 points, 5 comments)
  21. 52 points, 5 submissions: Rupluttaja
    1. How I feel when I'm drinking coins from a faucet (19 points, 8 comments)
    2. Gravity well should be set to be main priority. (16 points, 26 comments)
    3. And the Devs have left us in the shadows...again Please give the community some updates (7 points, 5 comments)
    4. What God-complex? Nyan is god, it has a halo. (5 points, 0 comments)
    5. What happened to the faucet? (5 points, 6 comments)
  22. 51 points, 7 submissions: slavethewhales
    1. CRYPTSY! (16 points, 2 comments)
    2. How would one go about creating a faucet? (7 points, 5 comments)
    3. Miss you guys (7 points, 7 comments)
    4. 67000 is here! (6 points, 0 comments)
    5. If you have an iPhone, request Nyancoin inclusion in the Coin Ticker app. Just go to Settings, Coin Request, then scroll down to Nyancoin and click the request button on the right. It's a really nice app and would be good exposure to get it in there. (6 points, 2 comments)
    6. A handy crypto converter, NYAN included! (5 points, 2 comments)
    7. Does anyone know how many hits per day the nyancoin faucet website gets? I'm curious about the overall interest in the coin at this point. (4 points, 2 comments)
  23. 46 points, 8 submissions: Snargosoft
    1. Nyan Coin is now 2nd on Cryptsy (10 points, 6 comments)
    2. 12 Hours Of Extra Free Nyan Coins! (8 points, 6 comments)
    3. New Nyan Coin Faucet (8 points, 14 comments)
    4. The New www.NyanCoin.Me (5 points, 10 comments)
    5. How to make a faucet (4 points, 1 comment)
    6. The Nyan Coin Faucet now dispenses Nyan Coins Automatically! (4 points, 6 comments)
    7. www.Nyancoin.Me Has Just Dispensed Their 1000th Coin! (4 points, 2 comments)
    8. Cryptsy Is Only Steps Away! While we are second, Let's Stay Second! Down With XRP (3 points, 2 comments)
  24. 46 points, 6 submissions: MAURO_italy
    1. 3RD AD CAMPAIGN!! LET'EM KNOW WE GOT IN ALTOUTLET! (9 points, 10 comments)
    2. TO THE MOON! (9 points, 9 comments)
    3. [RESURRECT] Advertising campaign! READ ME PLEASE! (9 points, 31 comments)
    4. [GROWING] 2ND AD CAMPAIGN! GET IN!! (8 points, 18 comments)
    5. Have an Happy St. Patrick's Day, Nekonauts! (6 points, 19 comments)
    6. [SUGGESTION] NYAN COINS MOBILE APP (5 points, 4 comments)
  25. 45 points, 7 submissions: jeredye
    1. FortyNyaners.com - New Mining Pool! - 0% FEES + Giaveaway! (10 points, 56 comments)
    2. Fortynyaners.com Pool Fee Increase (8 points, 9 comments)
    3. How to Create Nyancoin Vanity Addresses [Guide] (7 points, 20 comments)
    4. Upgraded Design - FortyNyaners.com - 0% Fee Pool (7 points, 12 comments)
    5. Fortynyaners.com GIVEAWAY #2! 0% Fee Pool - We need more miners! (6 points, 37 comments)
    6. Fortynyaners.com BLOCK FINDER BONUS ENABLED. 10 NYAN bonus per block! (4 points, 9 comments)
    7. FortyNyaners.com - 0% Fee Pool - SITE REDESIGN (3 points, 3 comments)
  26. 45 points, 5 submissions: Codge1
    1. A massive thank you to hu3m4n for your hard work! (13 points, 16 comments)
    2. The package came in today! Great way to start the weekend! (13 points, 3 comments)
    3. Ads running today!? (7 points, 2 comments)
    4. NYAN DICE GAME http://nyan.greendice.cc/ (6 points, 3 comments)
    5. Post here to get us listed on coinmarket.io and get 5 nyan!!! (6 points, 26 comments)
  27. 45 points, 3 submissions: kuoushi
    1. What it looks like drinking from the nyancoin faucet (27 points, 26 comments)
    2. I think I went farther than expected on 2048nyancoinz (11 points, 4 comments)
    3. Just a heads up, I think the nyandispenser.tk faucet was compromised. (7 points, 6 comments)
  28. 44 points, 9 submissions: peanut83
    1. Lets pump up the faucet I just added 20,000 nyan (8 points, 2 comments)
    2. After PoS (7 points, 1 comment)
    3. Stump the Geek (6 points, 4 comments)
    4. Nyancoin supply is almost 90m (5 points, 2 comments)
    5. why has hashrate jumped to 380.61 MH/s ? (5 points, 2 comments)
    6. would this be good for nyan? (4 points, 2 comments)
    7. Ex cryptsy user. I would buy this coin but I don't fancy using cryptopia (3 points, 7 comments)
    8. Nyancoin dirt cheap on cryptsy. (3 points, 4 comments)
    9. dead fb page can we remove? (3 points, 11 comments)
  29. 43 points, 4 submissions: The_Somnambulist
    1. Thank you, americanpegasus for Game of Nyan and all your hard work. (22 points, 12 comments)
    2. Nyancoin wallpaper 2560x1600 (11 points, 9 comments)
    3. Nyancoin giveaway! (6 points, 55 comments)
    4. Nyancoin for science (4 points, 10 comments)
  30. 43 points, 4 submissions: xpliset
    1. Help us get on cryptsy and get 20 free NYAN (17 points, 177 comments)
    2. Help NyanCoin get on another exchange and receive 50 NYAN! (13 points, 131 comments)
    3. www.nyanmine.com running its second promotion (8 points, 6 comments)
    4. Vote for nyancoin on coinpayments (5 points, 5 comments)
  31. 42 points, 7 submissions: snarklasers
    1. Yes, tipnyan is down ATM. (14 points, 7 comments)
    2. Tipping Tuesday; time for original Nyan memes. (7 points, 5 comments)
    3. Recap of what happened last week. :) (6 points, 10 comments)
    4. Network stuck again. Any ideas? (5 points, 37 comments)
    5. Nyancat is now broken. (4 points, 9 comments)
    6. ( ͡° ͜ʖ ͡°) (3 points, 8 comments)
    7. Caturday Contest: Nyan Cat Auditions (3 points, 10 comments)
  32. 39 points, 4 submissions: abyssea
    1. This is how I feel with my NyanCoins :( (18 points, 1 comment)
    2. Just ordered a mining rig and a little nervous! (9 points, 25 comments)
    3. New Miner Setup and Ready! (7 points, 9 comments)
    4. Is something wrong with the Nyancoin Calculator? (5 points, 7 comments)
  33. 39 points, 3 submissions: procrypt
    1. NYAN > USD/GBP/EUBTC/DOGE spreadsheet (21 points, 28 comments)
    2. How I felt when I saw the estimated next difficulty (13 points, 16 comments)
    3. Nyan Tipping etiquette (5 points, 3 comments)
  34. 38 points, 5 submissions: brennancellis
    1. We did it! (10 points, 13 comments)
    2. Here's some nyancoin wallpapers!!! (9 points, 3 comments)
    3. Contest for Nyancoin! (7 points, 10 comments)
    4. Doge did it, so should we! (7 points, 9 comments)
    5. Check out the wiki and see what it needs! (5 points, 4 comments)

Top Commenters

  1. nyantip (2350 points, 1872 comments)
  2. coinaday (1630 points, 1210 comments)
  3. atheistftwins (761 points, 562 comments)
  4. KojoSlayer (668 points, 363 comments)
  5. americanpegasus (560 points, 318 comments)
  6. Simcom (555 points, 374 comments)
  7. tipnyan (409 points, 293 comments)
  8. Phecalfeliac (364 points, 249 comments)
  9. braxx1980 (304 points, 222 comments)
  10. vmp32k (292 points, 159 comments)
  11. sillyputti (281 points, 225 comments)
  12. nyancoin (263 points, 208 comments)
  13. Codge1 (242 points, 149 comments)
  14. shibeseller (232 points, 147 comments)
  15. jwflame (230 points, 115 comments)
  16. OnwardFlying (206 points, 168 comments)
  17. The_Somnambulist (205 points, 155 comments)
  18. xpliset (200 points, 162 comments)
  19. Jybrael (195 points, 121 comments)
  20. The-Bent (189 points, 97 comments)
  21. spydud22 (184 points, 96 comments)
  22. Lufah (171 points, 98 comments)
  23. shinohai_ (166 points, 86 comments)
  24. slasherzx (162 points, 101 comments)
  25. jwinterm (152 points, 89 comments)
  26. snarklasers (148 points, 64 comments)
  27. dhj0001 (133 points, 88 comments)
  28. IntelligentComment (129 points, 93 comments)
  29. Rupluttaja (128 points, 77 comments)
  30. jeredye (122 points, 88 comments)
  31. bendover340 (103 points, 57 comments)
  32. ginger_beer_m (101 points, 72 comments)
  33. UrsaMajorisAlpha (100 points, 73 comments)
  34. EdenSB (95 points, 73 comments)
  35. Exohain (95 points, 59 comments)
  36. valcarni (90 points, 63 comments)
  37. nyanstu (83 points, 65 comments)
  38. procrypt (79 points, 60 comments)
  39. lzr1900 (72 points, 51 comments)
  40. CartmanSPC (71 points, 35 comments)
  41. feyerbrand (70 points, 63 comments)
  42. Snargosoft (69 points, 54 comments)
  43. Larry1123 (66 points, 53 comments)
  44. Dogexecutive (59 points, 32 comments)
  45. MAURO_italy (58 points, 50 comments)
  46. ProHashing (57 points, 24 comments)
  47. kahbn (55 points, 42 comments)
  48. petert0th (53 points, 47 comments)
  49. bl4ckw00d (51 points, 37 comments)
  50. Palladi (51 points, 35 comments)
  51. thorygg (51 points, 35 comments)
  52. RunNyanRun (50 points, 21 comments)
  53. JiveTonto (49 points, 22 comments)
  54. bonoboner (48 points, 30 comments)
  55. FwuffyKittens (46 points, 36 comments)
  56. EricPach (46 points, 34 comments)
  57. SyntheticDarkness (46 points, 34 comments)
  58. iMadeATpyo (46 points, 21 comments)
  59. dbcmaster (45 points, 37 comments)
  60. peanut83 (45 points, 32 comments)
  61. Emm_mm3 (44 points, 35 comments)
  62. scirocco (44 points, 30 comments)
  63. JamesArbuthnotPooley (43 points, 28 comments)
  64. catathon (42 points, 28 comments)

Top Submissions

  1. Hi, I am nyantip. I need karma to function. Upvote me and post something interesting in this thread to be tipped Nyancoin. by nyantip (104 points, 170 comments)
  2. This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip! by nyantip (59 points, 99 comments)
  3. NYANCOIN FIRST OFFICIAL REDDIT GIVEAWAY - 33.7 nyancoins for the first 337 comments! by nyancoin (43 points, 744 comments)
  4. I'm a graphic designer new to nyancoin/reddit and wanted to help out. Hope you like it! by kiyami (39 points, 35 comments)
  5. Hello fellow space-cats! I am the nyantipbot. I'm nothing more than a dream at this point, but you can help make me real! Details inside... by nyantipbot (37 points, 38 comments)
  6. Fellow kitty-tats: We are making friends over at /dogemarket! They like us, and we should support them in kind! by americanpegasus (31 points, 20 comments)
  7. Have you kats seen this!!? We just got mentioned in a Wired article above even Dogecoin! Wow! by americanpegasus (30 points, 12 comments)
  8. GAME OF NYANCAT, Episode 4... Thousands of Nyancoins to win this weekend, for free! Choose your kingdom, choose your job, and claim your share of the treasure: Let's make this the biggest game yet! by americanpegasus (28 points, 274 comments)
  9. Nyancoin V 1.2 Out Now! Kimoto Gravity Well Implemented! MANDATORY UPDATE by nyancoin (28 points, 28 comments)
  10. We just passed CatCoin in marketcap: We are in 59th place and officially have lift off! Hold on to your poptarts - here we go! by americanpegasus (28 points, 8 comments)

Top Comments

  1. 14 points: nyantip's comment in Hi, I am nyantip. I need karma to function. Upvote me and post something interesting in this thread to be tipped Nyancoin.
  2. 14 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  3. 13 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  4. 13 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  5. 12 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  6. 11 points: americanpegasus's comment in I took care of the vincent21212 & fake Nyancoin subreddit problem.
  7. 11 points: nyantip's comment in Hi, I am nyantip. I need karma to function. Upvote me and post something interesting in this thread to be tipped Nyancoin.
  8. 11 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  9. 10 points: atheistftwins's comment in Nyancoin dipping. Shall we check-in about planned promotion and community adoption?
  10. 10 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

D1P3 - TNABC 2015 - PAUL VERNON CEO CRYPTSY From Bitcoin to Dogecoin DogeCoin! Dogecoin Jamaican Bobsled Team -- CNN: Bitcoin is Napster for Finance -- Bitcoin Hawaii Cryptsy Update - Trade Suspended For While. BTC Withdrawals Still Stuck Pending Tutorial Cryptsy - Bitcoin, Litecoin, Dogecoin exchange

Cryptsy continues to have deposit problems with Dogecoin “Ticket Received – [#] dogecoin deposit” Posted on February 9, 2014 by Thong Tran. This is not the only time and I’m sure will not be the last. Cryptsy claimed that they’re updating the servers. Well I see this message all the time. Bottom line, this is not the first time my dogecoin deposit still has no shown up yet in cryptsy ... It's not showing my dogecoin and bitcoin balances...Doge/BTC trade is gone. Close. 1. Posted by. u/tomyes. 5 years ago. Archived. What is going on with Cryptsy? It's not showing my dogecoin and bitcoin balances...Doge/BTC trade is gone. I know it happened before, but they just can't do that. It's the second time today already. Crazy stuff... 10 comments. share. save hide report. 100% Upvoted ... r/dogecoin: The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The new innovative … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. r/dogecoin. log in sign up. User account menu. 2. Trouble Withdrawing Doge from Cryptsy? Close. 2. Posted by. u/MaxLangley. 5 years ago. Archived. Trouble ... Like Bitcoin, Dogecoin has a blockchain that’s maintained by a mining system. The key difference is that Dogecoin uses Scrypt, a different mining algorithm than Bitcoin’s SHA-256 . Originally, the Scrypt algorithm was designed to be ASIC-resistant, however by now ASIC manufacturers found a way around that, so it is only profitable nowadays to mine Dogecoin with ASIC miners . I recommend Cryptsy, They have just removed trade fee s, which is huge if you plan on heavy day trading. They are having to support more verification s for withdrawals because of new federal regulations. Even so this just makes it more secure. I find..

[index] [24580] [29848] [16918] [29107] [14126] [40087] [16816] [37921] [50480] [6965]

D1P3 - TNABC 2015 - PAUL VERNON CEO CRYPTSY From Bitcoin to Dogecoin

Mining at poolwarz.com Auto Trade Dogecoin to Litecoin (sign up using this link and you will get 0.1 Litecoin in 10 days) https://www.cryptsy.com/users/regis... TNABC 2015 - PAUL VERNON CEO CRYPTSY From Bitcoin to Dogecoin - Part 3 Bitcoinist.net Presents in Association with TNABC This Video is for archival purposes.... It's available on Cryptsy and it's called ASIC coin -- with a name like that because it's like Bitcoin and mineable by asics? 1.) Dogecoin Is Sending The Jamaican Bobsled Team To The Winter ... DogeCoin Биржа Курс! Продаем – Меняем DogeCoin на Bitcoin на Бирже! Продаем – Меняем DogeCoin на Bitcoin на Бирже! - Duration: 10:36. DOGE: DDzLWq4d8pziTwaHUw44Jjzg1PoT6Q2A81 BTC: 1HfFakm2gDwCWNWMxfQmtdbhZhg629PTbi LTC: LQAa5Akgtcxzs2kjzyAo2WyocuQHZ6mohf Tags: doge, coin, dogecoin, crypto, ...

#