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perfectcoin: the quest for the perfect cryptocurrency

Many cryptocurrencies exist now, with more being launched all the time. This subreddit is not about any one cryptocurrency, but instead a place to exchange links and ideas about what makes the best altcoin and how to improve on features of current altcoins.
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A brief history of the 2013 market peak; why some alts really do die; and what would've happened if you'd given in to FOMO

This piece is a follow-up to my earlier piece, which looked at what would’ve happened if you’d purchased alt-coins shortly after the bottom of the 2013-2015 bear market. A lot of the constructive criticism that I received was that I was too bullish on alt-coins, and that the timing was too convenient. Although it’s fair to say that I am bullish on crypto in general and alt-coins in particular (with several major caveats for both), I agree that it’s important to not just focus on historical analyses where it’s fairly clear that you could have earned money. So, today’s research question is whether you’d still be underwater if you’d bought in to the market at or near the 2013 all-time high. All information cited herein comes from the historical charts available at CoinMarketCap.
TL;DR: This worst-case scenario analysis shows that $300 invested equally across 15 of the 40 coins in existence near the market’s peak in 2013 would be worth only $429.95 today—gains which are entirely attributable to Bitcoin, Litecoin, and Ripple. This is basic, but it can be dangerous to buy high. This is especially true of alt-coins, but even the top three coins in our sample saw fairly lackluster results when bought at the top of the market. Finally, nothing in this post should be taken as investment advice. This is only intended as historical analysis. Past performance does not guarantee future returns.
A Brief History of the 2013 Market Peak
According to CoinMarketCap, the 2013 bull market peaked on December 4, 2013, at ~$15.87 billion in market capitalization.* Thereafter, the market crashed dramatically not once, but twice. In the first crash, which occurred between December 5-8, 2013, overall market cap fell by ~39% to ~$9.66 billion. Then, after a brief recovery to ~$13.57 billion on December 10th, the market fell precipitously, to ~$5.7 billion on December 18, 2013. Thus, over the course of only two weeks, from December 4-18, 2013, the market lost ~64% of its value. Although this was by no means the end of the 2013-2015 bear market--which lasted for approximately 17 months and saw an additional decline of ~45% from the December 18, 2013 low--this was the end of the beginning.
What If I Bought Crypto Right as the 2013 Market Peaked?
Generally, the first rule of trading is** that you want to buy low and sell high. As a result of their fear of missing out (“FOMO”), however, many people find themselves accidentally buying high. Today, I’m going to look at what would have happened to someone who bought their crypto right as the market was peaking. Ideally, I would run this experiment from December 4, 2013, but due to the limited data available from CoinMarketCap, I’m forced to choose between November 24th, December 1st, December 8th, and December 15th. Of those dates, I have selected December 1, 2013, because it represents the worst possible scenario for which I have data. On that date, total crypto market cap, which had hit a new high of ~$15.4 billion the day before, swung wildly between a high of ~$14.83 billion and a low of ~$12.18 billion. Unfortunately, it’s unclear exactly when CoinMarketCap’s snapshot was taken. That said, it’s clear that our hypothetical FOMO trader is about to lose his shirt over the next few weeks, so let’s dive into the specifics.
On December 1, 2013, there were 40 coins listed on CoinMarketCap. I won’t list them all here, but of those 40, all but 11 are still listed as active on CoinMarketCap. The truly dead (or “inactive”) coins are BBQCoin (BQC; rank 16), Devcoin (DVC; rank 19), Tickets (TIX; rank 22), Copperlark (CLR; rank 24), StableCoin (SBC; rank 25), Luckycoin (LKY—ironic, I realize; rank 31), Franko (FRK; rank 34), Bytecoin (BTE; rank 35), Junkcoin (JKE—how apt; rank 36), CraftCoin (CRC; rank 39), and Colossuscoin (COL; rank 40).***
Now, since this post is already incredibly long, instead of testing all 40 coins, let’s take a decently-sized sample of five coins each from the top, middle, and bottom of the stack, and look at what happens. For the middle, although the temptation is to take decent alts, let’s fight that and take the group with the highest failure rate: ranks 21-25. So, here’s out pool:
Now, here are how our sample of coins has performed as of when I write this:****
So, if our hypothetical FOMO trader had invested $100 in our top-five sample near the 2013 peak, it would currently be worth $411.80 (the profitable coins) + $3.06 (PPC) + $4.27 (NMC) = $419.13—a 4.19x increase.
Now for the two coins in the middle five that didn’t completely die:
So, if our hypothetical FOMO trader had invested $100 in our middle-five sample near the 2013 peak, it would currently be worth ~$15.19—an ~84.8% loss.
Finally, here are the two coins from the bottom five that didn’t completely die:
So, excluding everything buy Argentum, if our hypothetical FOMO trader had invested $100 in our bottom-five sample near the 2013 peak, it would currently be worth ~$2.96—a ~97% loss. Putting it all together, $300 invested in this sample of 15 coins as close to the peak of the 2013 market as the data will let me get, would be worth $429.95—a disappointing, but not-unexpected ~30.2% increase over five years. That said, I’m honestly somewhat amazed our FOMO trader made anything at all on this basket of coins, considering how many of them failed. In any case, all of his gains came from the top-three coins from 2013: Bitcoin, Litecoin, and Ripple.
Conclusions
What’s the lesson here, what’s the takeaway?***** Most importantly, I think the above analysis shows that it can be very dangerous to buy alt-coins when the market is at or near an all-time high—a conclusion that appears to be true regardless of where the alt is positioned in the market. That said, there are a few caveats: (1) this sample was intentionally bad, in order to reflect a worst-case scenario; (2) even buying the top-three coins at the all-time high didn’t net our FOMO trader particularly large gains when compared to someone who bought these same coins after the crash. Therefore, I think that the most important lesson here is not to buy high in the first place. Investing solely because of FOMO will probably cause you to lose money, unless you have invested equally in a broad range of cryptocurrencies, like the trader in our hypothetical. Even then, however, our FOMO trader probably would have done better investing in an S&P Index fund over the same period.
Endnotes
*This is a correction to my earlier piece, in which I stated that the cryptocurrency market peaked on November 30, 2013, at a total market capitalization of ~$15.2 billion. I made this error due to having failed to narrow the date range of the chart so I could properly zoon in. That said, the exact details of the market peak don’t affect the conclusions from my last piece, which considered trades made after the market had bottomed out.
** …you do not talk about trading. Wait, that’s the wrong rulebook.
*** Since I already typed it out, here’s the list of remaining active coins, in descending order: Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Peercoin (PPC), Namecoin (NMC), Megacoin (MEC), Feathercoin (FTC), WorldCoin (WDC), Primecoin (XPM), Freicoin (FRC), Novacoin (NVC), Zetacoin (ZET), Infinitecoin (IFC), Terracoin (TRC), Crypto Bullion (CBX), Anoncoin (ANC), Digitalcoin (DGC), GoldCoin (GLD), Yacoin (YAC), Ixcoin (IXC), Fastcoin (FST), BitBar (BTB), Mincoin (MNC), Tagcoin (TAG), FlorinCoin (FLO), I0Coin (I0C), Phoenixcoin (PXC), Argentum (ARG), Elacoin (ELC)
**** I know that we could have sold them sooner, and probably for more money, but let’s just assume that our hypothetical FOMO trader was a founding member of the #hodlgang. ;-)
***** Don’t mess with Maui when he’s on a breakaway! You’re welcome. ;-)
Disclosures: I have previous held Litecoin, and currently hold approximately $140 of Ripple. I do not believe this influenced my analysis in any way. I have never bought or held any of the other coins discussed in this analysis.
Edits: Formatting, typos, minor clarifications.
submitted by ThaneduFife to CryptoCurrency [link] [comments]

Ethereum is so powerful, someone made a fully Proof of Work mined cryptocurrency inside it - to the moon!

To all the Ethereum haters and to everyone spinning up their own blockchains, to those who think all of the new tokens are just scam ICOs, you are wrong. Ethereum is better than that. Now there are also pure Proof Of Work mined cryptocurrencies within ethereum (as tokens) - you don't need a separate blockchain to launch trustless cryptocurrencies anymore you can just use the one world blockchain - Ethereum.
As of 2018 there are four Token Mining Pools running and many open source Token Mining clients. This is pretty big for Ethereum and scary for smaller mined cryptocurrencies. We can rebuild any Cryptocurrency inside of ethereum now. Bitcoin, litecoin, feathercoin, namecoin, peercoin, anything. Buckle up.
Look at how ridiculous this is: http://tokenminingpool.com
submitted by infernal_toast to ethtrader [link] [comments]

CoinMarketCap.com on May 9, 2013: 14 cryptocurrencies listed; where are they ranked now, on Oct 28, 2017? —

May 9, 2013 is the earliest copy of the page saved in the Internet Wayback Machine - Bitcoin's price was $111.83 and its market cap is $1.24B; right, now its price is $5,726.59 and its market cap is $94.81B.
https://web.archive.org/web/20130509235146/http://coinmarketcap.com/
So, where are those 14 cryptocurrencies now, almost 4 1/2 years later?
Bitcoin 1 -> 1
Litecoin 2 -> 5
PPCoin 3 -> 115 (now listed as Peercoin)
Namecoin 4 -> 169
Feathercoin 5 -> 202
Terracoin 6 -> 300
Devcoin 7 -> 655
Freicoin 8 -> 516
Novacoin 9 -> 276
CHNCoin 10 -> 874
BBQCoin 11 -> 932
Mincoin 12 -> ? (new name? couldn't find it as "Min" either)
BitBar 13 -> 473
Ixcoin 14 -> 576
https://coinmarketcap.com/all/views/all/ (1,221 total cryptocurrencies listed)
https://web.archive.org/web/20130301000000*/coinmarketcap.com
submitted by tellman1257 to CryptoCurrency [link] [comments]

Top 20 coins by development activity

List below from coingecko, sorted by development activity. I've added the launch dates to the best of my knowledge to give a sense of what has staying power and what the new kids on the block are.
Edit 2: Seems I missed a couple when I was hand-copying this so adding the ones I missed (Zcash, Lisk, Counterparty) so the list / numbers are updated.
  1. Bitcoin (BTC) - 2009
  2. Ethereum (ETH) - 2015
  3. Litecoin (LTC) - 2011
  4. Monero (XMR) - 2014
  5. Siacoin (SC) - 2015
  6. Steem (STEEM) - 2016
  7. Ripple (XRP) - 2012
  8. Zcash (ZEC) - 2016
  9. Lisk (LSK) - 2016
  10. Counterparty (XCP) - 2014
  11. Golem (GNT) - 2016
  12. Dogecoin (DOGE) - 2013
  13. LBRY Credits (LBC) - 2016?
  14. Dash (DASH) - 2014
  15. Gridcoin (GRC) - 2013
  16. PIVX (PIVX) - 2016
  17. Decred (DCR) - 2015
  18. Storjcoin X (SJCX) - 2014
  19. Factom (FCT) - 2014
  20. Augur (REP) - 2016
  21. Namecoin (NMC) - 2011
  22. BitShares (BTS) - 2013
  23. Feathercoin (FTC) - 2011
EDIT: These are core development rankings, not ecosystem rankings. The latter would have to be estimated and I don't know anyone who's attempted to do that comprehensively.
submitted by NateOnTheNet to CryptoCurrency [link] [comments]

ShapeShift.io adds Blackcoin - buy or sell instantly, no account required

Hello /Blackcoin!
Today ShapeShift added Blackcoin. This is now the easiest way to buy or sell BC on Earth. No signup or account needed.
Quick intro video to ShapeShift.io: https://shapeshift.io/new.html
Exchange BC directly with: - Bitcoin - Litecoin - Darkcoin - Namecoin - Peercoin - Feathercoin - Dogecoin
Transactions take only a few moments. No fees of any kind, just a clear exchange rate which sticks for your entire order (no slippage).
Developers, feel free to play with the API: https://shapeshift.io/api.html
Please let us know if you have any questions, we look forward to integrating with your community!
submitted by ShapeShift_io to blackcoin [link] [comments]

"Cato Institue: Bitcoin will be replaced by cryptocurrencies with superior features."

TL/DR: Link to article title via Cyrptocurrency News: https://www.cryptocoinsnews.com/cato-institute-bitcoin-will-displaced-cryptocurrencies-superior-features/
First, Dogecoin isn't mentioned in the article or eBook except in the phrase "cryptocurrencies with superior features." (At least, that's the way I choose to take it.)
The article is brief. The section referenced is as follows
Quote from ebook discussed in article:
"Nonetheless, in the longer run, Bitcoin is almost certain to fail – and this is no bad thing. The pioneers in any industry are rarely the ones who last: who remembers Betamax from the early days of the video industry? Bitcoin might have been the first successful cryptocurrency, but it is not yet clear whether being the first mover in this area is even an advantage in the longer term. After all, any major design flaws in the Bitcoin model are set in concrete and competitors can learn from them. The cryptocurrency market is also an open one and a considerable number of new competitors have already entered the field. These include, among others, Litecoin, Namecoin, PPCoin, Freicoin, Ripple, Primecoin, Terracoin and Feathercoin.27 Most of these will probably soon fail, but, as competition in the market develops, no one can predict which cryptocurrencies will be best suited to the market and achieve long-run success. For what it’s worth, the author’s guess is that Bitcoin will eventually be displaced by other cryptocurrencies with superior features.
The ideal – one is tempted to say, the gold standard in this area – would be one or more cryptocurrencies that were able to achieve stable purchasing power through elastic but fully automatic and hence non-discretionary supply schedules when real demand changes, and which also have the ability to maintain state-of-the-art security. Going further, the ultimate possibility for those who believe in private money is that cryptocurrencies might eventually become so widely accepted that they drive government currencies out of circulation and expel the government from the monetary system once and for all.
submitted by DogeBean to dogecoin [link] [comments]

New Idea: Peer 2 Peer, Decentralized Cryptocurrency Exchange

A powerful idea occurred to me earlier today that would benefit the state of cryptocurrencies immensely if it became a reality. A network where cryptocurrencies can be exchanged in a P2P fashion with a block chain type architecture similar to what cryptocoins use themselves. Decentralized and out of the control of any individual.
It cuts out the middle man and reduces the need for "exchanges". For example, you can trade Bitcoin for Litecoin, PPC, Namecoin, Feathercoin, or whatever other currency is supported without the need to pay any transaction fees or pay a "percentage" to an exchange. Direct trades from one person to another throughout the network. I would imagine the GUI would look like a crossbreed between the current QT wallet software coins are using and napster back in the good ole days.
It also opens up a whole new market for investing, without your spread difference.....bid/ask price, or any trade fees. A P2P exchange like this would only make crypto more popular because it would attract virtually every investor that currently trades on the Forex market. No spread = GG. It's a Forex traders wet dream.
Assuming this was created and ran smoothly, the only reason we would need any exchanges like Mt.Gox at all would be to convert crypto into fiat. There would still be an exchange fee for this of course but that's understandable. With the infrastructure finally getting put in place for BTC and LTC, it's quite feasible that we won't even need to trade crypto for fiat in order to pay for the things we need in daily life in the near future.
I'm sure I'm not alone in being able to appreciate this idea, and how awesome it would be for cryptocurrency in general. Alas, I'm not a programmer so I decided to put this out in reddit land, hoping a group of brilliant young minds see the value in the idea and actually create it.
submitted by CryptoManiac7 to CryptoCurrency [link] [comments]

Currently Circulating Cryptocurrencies

Pretty new to the scene. But, as far as I can tell, the list of current digital cryptocurrencies is as follows (Name/Abbreviation/target coin#):
Bitcoin, BTC, 21 million
Litecoin, LTC, 84 million
Feathercoin , FTC,~4xLTC
Terracoin, TRC, 42 million
Peer to Peer Coin, PPC, unlimited/undertermined
Namecoin, NMC,?
Devcoin, DVC, ? IxCoin, IXC, 21 million
Novacoin, NVC, 2 billion, but open
Ven, Ven, ? , http://www.vencurrency.com/
Liquidcoin, LQC, unlimited
I0coin, I0C, ? (maybe dead)
Freicoin, FRC, 100 million
Also: Yacoin and Chinacoin (CNC) are being sold on eBay as new "cryptocurrencies. First time I've seen them.
Missing any? Thoughts on the list? Thoughts on particular currencies? Which are rising, falling, dead, dying? Should we collect them all? A few? Which ones? How would you rank them from best to worst?
Right now, I just have a few BTC, LTC and PPC. Thinking about a couple others.
Note: I didn't rank them in any particular order. Just how they came to mind or as I researched them.
submitted by wildjo to CryptoCurrency [link] [comments]

What makes mint so much more special than any other coin

Hello everyone,
I am posting this because I think it's important...
Overall, Mintcoin is faster, more energy efficient, has billions of coins which is a good thing because you don't run into the problem that people have with Bitcoin where they don't want to buy 0.19 of a coin for $100 they want to be able to afford to buy a whole coin - so Mintcoin has better liquidity. Transaction times are faster than Litecoin and fees basically 0. More secure from 51% attack because of the hybrid PoW/PoS. Mintcoin's energy efficiency cannot be understated. The cost of power consumption for PoW coins such as Bitcoin, Litecoin, Dodge, et al. are becoming more and more centralized as the mining industry evolves into a multimillion commercial enterprise owned by corporations. Proof-of-Work is basically proof of energy consumption which is not sustainable and terrible for the environment. Once Bitcoin and Litecoin hit their max coin caps, then all of those miners will have to try to make their money on transaction fees with is cost prohibitive. Mintcoin solves so many problems it is ridiculous.
Mintcoin doesn't need miners to secure the network, so it is vastly more energy efficient and secure than Bitcoin, relatively speaking.
With Bitcoin/Litecoin/Feathercoin/Namecoin et al, the security of the network is dependent upon the miners, and this will lead to eventual centralization of the networks and security will be reduced over time. With Mintcoin, the coin is designed in such a way so that security will increase over time, and the network will become more decentralized. So due to the design, Peercoin is the most likely to be sustainable, and not waste excess energy. Mintcoin is greener, better for saving our environment and saving electricity, Mintcoin solves the mining arms race problem we are beginning to see with these other coins.
Bitcoin's security relies on miners. As time goes on, Bitcoin will be forced to move transactions "off block-chain". If Bitcoin moves off block-chain, miners cannot be compensated for these transactions. If miners cannot be compensated, they won't mine. If miners don't mine, network security goes down as time goes on. As time goes on, Bitcoin becomes increasingly less secure and more risky to use as a safe-haven to store very large sums of money. Mintcoin's design solves this problem.
MINT is more energy efficient, secure against 51% attack, and enforce transaction fees at protocol level to defend against block bloating attacks. Bitcoin's network is actually a huge waste of energy, and will become less and less attractive as time goes on, less secure as time goes on, and eventually get block bloated. Mintcoin has "Significant" innovation above and beyond Bitcoin and other coins.
Bitcoin, Litecoin, et al. and potentially even Peercoin will suffer from an endless cycle of perpetually needing more and more and MORE mining gear to keep it going...this process is really turning into a beast that can only end badly...and it is never going to end. The worst part about Bitcoin is that Proof-of-Work has basically turned into Proof-of-Electricity. This is going to be a serious energy problem...and only the places with cheap electricity will be able to compete...this will force energy prices perpetually higher and higher.
But now, with Mintcoin, this is completely unnecessary. Mintcoin is environmentally sustainable, and shows that Bitcoin is just an inefficient coin, a complete waste of money, and resources. I am not against Bitcoin, I love BTC, but I am looking objectively, and I am willing to admit it is not perfect. Mintcoin is much more tailored to surpass it.
Mintcoin features a combination of many of the best features of many prior coins, (speed, coin cap, energy efficiency, fair distribution) and the combination of such features is what make Mintcoin new and fresh innovation. Mintcoin is the first coin to implement PoW/PoS hybrid that goes to 1 coin PoW after the initial PoW phase making while also being the first PoW/PoS coin to have a coin cap, with faster transaction times. The combination of these makes MINT superior in energy efficiency and ability to retain value without being inflated away.
Energy efficiency
Security
Transaction speed
Coin cap
Good name
Good distribution
-sourced from bitcointalk & Wikipedia
submitted by blueclarity to MintCoin [link] [comments]

Introducing inuit - cold storage address generator for crypto-currency portfolios

I have a modest and mixed portfolio of crypto-currencies which I wanted to take off-line and put into cold storage. I found that to do this I would have to generate paper wallets for each currency using a different paper wallet generator each time. What I really wanted was a single application that could generate addresses and private keys for multiple currencies so that I could install it on a Raspberry Pi or Linux Live USB stick. This would allow me to cold store all my currencies in one place and with a small amount of effort.
To this end I have created inuit, cold storage address generator for crypto-currency portfolios.
For more information, take a look at the website http://inuit-wallet.co.uk
inuit is written in Python and the source code is available on github. It is still in active development and features will be added as time and demand allow.
I hope you find inuit as useful as I do. If you have any questions or suggestions, leave a comment on the website or email (details on the website)
submitted by inuit_wallet to CryptoCurrency [link] [comments]

Introducing inuit - cold storage address generator for crypto-currency portfolios

I have a modest and mixed portfolio of crypto-currencies which I wanted to take off-line and put into cold storage. I found that to do this I would have to generate paper wallets for each currency using a different paper wallet generator each time. What I really wanted was a single application that could generate addresses and private keys for multiple currencies so that I could install it on a Raspberry Pi or Linux Live USB stick. This would allow me to cold store all my currencies in one place and with a small amount of effort.
To this end I have created inuit, cold storage address generator for crypto-currency portfolios.
For more information, take a look at the website http://inuit-wallet.co.uk
inuit is written in Python and the source code is available on github. It is still in active development and features will be added as time and demand allow.
I hope you find inuit as useful as I do. If you have any questions or suggestions, leave a comment on the website or email (details on the website)
submitted by inuit_wallet to altcoin [link] [comments]

Introducing inuit - cold storage address generator for crypto-currency portfolios

I have a modest and mixed portfolio of crypto-currencies which I wanted to take off-line and put into cold storage. I found that to do this I would have to generate paper wallets for each currency using a different paper wallet generator each time. What I really wanted was a single application that could generate addresses and private keys for multiple currencies so that I could install it on a Raspberry Pi or Linux Live USB stick. This would allow me to cold store all my currencies in one place and with a small amount of effort.
To this end I have created inuit, cold storage address generator for crypto-currency portfolios.
For more information, take a look at the website http://inuit-wallet.co.uk
inuit is written in Python and the source code is available on github. It is still in active development and features will be added as time and demand allow.
I hope you find inuit as useful as I do. If you have any questions or suggestions, leave a comment on the website or email (details on the website)
submitted by inuit_wallet to Bitcoin [link] [comments]

ShapeShift.io adds Feathercoin - buy or sell instantly, no account required

Hello /Feathercoin!
Today ShapeShift added Feathercoin. This is now the easiest way to buy or sell FTC on Earth. No signup or account needed.
Quick intro video to ShapeShift.io: https://shapeshift.io/new.html
Exchange FTC directly with: - Bitcoin - Litecoin - Darkcoin - Namecoin - Peercoin - Blackcoin - Dogecoin
Transactions take only a few moments. No fees of any kind, just a clear exchange rate which sticks for your entire order (no slippage).
Developers, feel free to play with the API: https://shapeshift.io/api.html
Please let us know if you have any questions, we look forward to integrating with your community!
submitted by ShapeShift_io to FeatherCOin [link] [comments]

PeerBet.org / Updates on Accepted Crypto Coins

Just to get the word out
We are in the process of removing (or rather, replacing) Hunter Coin. This is due to the inability to get the HUC wallet to work consistently and, it's rather low market cap, as well as limited use on PeerBet.org.
Over the course of the next several weeks, we will also be replacing the following coins as they don't have a sizeable amount of play on Bit777.com or PeerBet.org and also suffer from a rather weak market cap
Users on PeerBet.org will, of course, be able to divest from the bankroll and withdrawal for an indefinite amount of time after an alt-coin is deprecated!
That will leave the constant coins to the following Bitcoin
LiteCoin
DogeCoin
DashCoin
PeerCoin
Have an idea on what new alt-coins we should bring online?!? Chime in https://bitcointalk.org/index.php?topic=280487.msg11133815#msg11133815
submitted by casinobitcoin to Bitcoin [link] [comments]

Arena with Dogecoins

I run a bot on the gambling website Peerbet called Arenabot. Peerbet allows for btc, ltc, nmc, ppc, xpm, ftc, anc, doge, and nxt. The bot requires users to transfer multiples of 50sat or the equivilent in the other currencies (Chat command "cost" displays current prices).
For every multiple of the cost you spend you get a game. Each game you have a 10% chance to kill the champion. Upon killing the champion you become the champion. All the money that is sent in goes to the champion. Money is saved in a database if no one is left to challenge you. This allows you to immediately challenge anyone that kills you.
The bot also allows you to form guilds with up to 3 people. Approximately every 20 minutes a new guild is choosen to be topguild. The algorithm for selection chooses a guild based on SQRT(KILLS) * RANDOM. The guild with the most points is topguild. During the time a guild is topguild everytime a game is played they have a chance to win 10free games for each member.
If anyone is interested in my bot please go to peerbet.org and register for an account and deposit some dogecoins. I have a dedicated player base for Arenabot. Since the Arenabot relaunch on Christmas 2013 players have earned almost 2million kills. You can play with Bitcoins, Litecoins, Peercoins, Namecoins, Primecoins, Feathercoins aswell.
So Come Play Arenabot on https://peerbet.org/
Such Kill
submitted by diltarget to dogebetting [link] [comments]

Uptrenda whitepaper: a peer-to-peer cryptocurrency exchange - feedback requested

So I've been working on a new design for trading cryptocurrencies that significantly reduces the impact of a compromise as well as the economic incentive for an attacker. My design is peer-to-peer and based on using smart contracts to allow complete strangers to trade altcoins without relying on a centralised exchange. It is a peer-to-peer approach, although (as of yet) it's not completely decentralised because it also includes aspects of traditional exchanges to help make matching trades faster and more reliable.
The main benefits of my system:
I've written a white paper that describes my design and I'll be releasing a basic prototype in the coming weeks, just got to put in some finishing touches. If anyone has some spare time to read my paper (warning: it's a little technical) - I'd deeply appreciate some feedback.
The paper is available here: https://pdf.yt/d/KzFdlJWF3UTTlf_i
Edit: Fixed formatting. Sorry.
submitted by Uptrenda to Bitcoin [link] [comments]

St. Shibe's thing for Christmas

'Twas the night before Christmas, when all throughout /dogecoin
Not a creature was stirring, not even bitcoin
_
The stockings were hung by this subreddit with care,
in hopes that St. Doge would soon be there
_
The shibes were nestled all snug in their beds
While all their visions danced in their heads;
_
And St. Doge in his garment, and I in my fedora
Had just settled down to light his Menorah
_
While out on the web there arose such a clatter,
I sprang from the subreddit to see what was the matter!
_
Away to the homepage I flew like a flash
Tore open the frontpage and opened a new tab with a crash.
_
The redditors dance with their newlyfound altcoins,
Drawing ire from them bursting forth from the seams,
_
When, what to my wondering eyes should appear,
But a miniature sleigh, and eight tiny Coindeer
_
With a little old driver; nimble as a rogue
I knew in a moment must be St. Doge
_
More rapid than eagles his coursers they came,
And he whistled, and barked and called them by name;
_
"Now Peercoin! Now Litecoin! now Feathercoin and Stablecoin!
On, Quarkcoin! on Peercoin! on Namecoin and Ripple!
_
To the top of the charts! To the top of the moon!
Now pump away! pump away! pump away all!
_
As hasherates that before a cgminer fly,
When they meet with a train, bound for the sky
_
So up to the front page the cryptos they flew
With the sleigh full of dreams, and St. Doge too.
_
And then, in a twinkling, I heard on the roof
The prancing and pawing of each little hoof
_
As I drew in my head, and was turning around,
Down the reply box St. Doge came with a bound.
_
He was dressed all in fur, from his head to his toe,
And his clothes were all tarnished with litecoiners and co;
_
A bundle of coins he had flung on his back,
And he looked like a merchant just opening his pack.
_
His eyes-- how they twinkled! His whiskers how merry!
His cheeks were like pillows, his body so hairy!
_
His droll little mouth was drawn up in surprise,
And the look on his face, who knows what implies;
_
The stump of a bitcoin he held tight in his mouth,
And the value it rose despite the Chinese going south;
_
He has a broad snout and a furry soft belly.
That shook, when he laughed after a mention on the telly.
_
He was fuzzy and plump, a right jolly old dog,
And I laughed when I saw him, partly due to my home made grog;
_
A wink of his eye and a twist of his head,
Soon gave me to know I had nothing to dread;
_
He spoke not a word, but went straight to his work,
And filled all the stockings; then turned with a jerk
_
And laying his paw aside of his nose,
And giving a nod, up the catalog he rose;
_
He sprang to his sleigh, to his team gave a whistle,
And away they all flew like the down of a thistle
_
But I heard him exclaim, ere he drove out of sight,
"HAPPY CHRISTMAS TO ALL, AND TO THE MOON TONIGHT!"
submitted by Saint_Doge to dogecoin [link] [comments]

Bitcoin is technology. Don't compare it to gold or currency.

I have read many articles all over the internet about bitcoin is the gold 2.0, virtual currency replaces fiat money. Gold is the commodity. Gold value has been around in the history for 5000 years. Its value will be here for another 5000 years unless the scientist can create the synthetic gold or they can mine gold in the asteroid. US dollar or any other fiat money is backed by the government with military and police. Bitcoin is the technology. It is like http for the web, smtp protocol for email. The more people use it the more value it is. 2 or 3 people use it then it has little value. Billion people use it then it has the tremendous value. It is the power of network. It likes Facebook or Twitter with billion people using it then it worths multi-billion dollar. Technology comes and goes. The new technology will replace the old technology or make the old technology obsolete. The new better digital currency will replace bitcoin. Investing in bitcoin likes investing in the technology stock. Investing in it right now like you buy Microsoft IPO in 1986 and you sell Microsoft stock at its peak value in 2000. Don't ask Warren Buffett about investing in bitcoin. He never invest in anything that he doesn't understand. Beside he doesn't want to invest in technology stock. He refused to invest in Intel or Microsoft even he had the chance to know the company CEO. There are many other cryptocurrency such as Litecoin, Namecoin, Peercoin, Feathercoin. It is like there are many social network websites like Facebook, Google+, Myspace, LinkedIn, Bebo. The one has the most users then it will has the most value as the market cap. All of the cryptocurrencies will coexist. Bitcoin, gold, US dollar, fiat currency will coexist. Each of them is useful for each country, each company or each individual user.
submitted by spacetime2 to Bitcoin [link] [comments]

LITECOIN HIGH VOLATILITY TO SEE NEW LTC LOW? How To Convert Bitcoin Litecoin Namecoin Novacoin Terracoin Peercoin Feathercoin Primecoin To USD How To Convert Bitcoin Litecoin Namecoin Peercoin To USD /////5%discoint ///urdu or hindi LITECOIN PREPARING TO BREAK - LTC $140 vs. $70 CNEX.eu - EUROPE'S LEADING BITCOIN, LITECOIN AND CRYPTO-CURRENCY EXCHANGE

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LITECOIN HIGH VOLATILITY TO SEE NEW LTC LOW?

On this website you can find complete list of cryptocurrencies made from 2008-2015 http://mapofcoins.com/bitcoin# Bitcoin, Litecoin, Namecoin, Peercoin, Prim... CNEX.eu is Europe's Leading Bitcoin Exchange - You can trade Bitcoin (BTC), Litecoin (LTC), Namecoin (NMC), Feathercoin (FTC), Peercoin (PPC), Novacoin (NVC), Quarkcoin (QRK) easily. Signup today ... Also you can watch New Tech News so you can stay up to date with all the latest technology and of course you can watch the latest Game Reviews, Gameplay and walkthroughs. You will see a little bit ... www.plugnmine.com Plugnmine ASIC Litecoin Miner review bitcoin ltiecoin dogecoin feathercoin scrypt mining There is a potential new lower low on litecoin charts. In this LTC price technical analysis we discuss the possibilities that are ahead for Litecoin as we approach the 2019 LTC halving. Cycles of ...

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