[ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining - page 517.

PGPpfKkx

hero member

Activity: 586

Merit: 501

Quote from: turtoro on February 02, 2014, 03:54:47 PM

Quote from: sidhujag on February 02, 2014, 01:42:05 PM

Quote from: turtoro on February 02, 2014, 01:07:53 PM

Quote from: PGPpfKkx on February 02, 2014, 12:58:00 PM

of course it is. the last one that gets the coin before it starts dropping and dies it the loser its like a hot potato. read some economic theory

Im talking about crypto market as a whole.

I will simplify it for you.. Think of the game hot potatoes

Let me explain to you how this works because you dont seem to understand. Ill explain it like to a 5 year old.

John buys 1btc for 1$.

New "investors" come in and drive the capitalization and price rises to 5$.

John sells his btc and makes 5x profit. Those who buy at 5$ dont lose.

What you described is a ponzi scheme. And if you think that is what Btc and some cryptos are, then what are you even doing here?

you seem to be confused. there is not other type of economy that zero sum or negative sum (when economies fail). can't explain it further.

kennyss

full member

Activity: 130

Merit: 100

Copperlark clone?)
https://cryptocointalk.com/topic/519-copperlark-cl-information/

elixir

full member

Activity: 224

Merit: 100

elixir

full member

Activity: 224

Merit: 100

Quote from: f1ndm3h on February 02, 2014, 03:53:43 PM

So this coin is CPU only and only if I am not mistaken?

Someone reassure me plz?
It Seems interesting

well from what i heard, cgminers will not work on this coin at launch, when the wallet is released only then can someone reconfigure the miner to work with the wallet. so its cpu at the start.

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: turtoro on February 02, 2014, 06:34:45 PM

Quote from: sidhujag on February 02, 2014, 06:25:30 PM

Quote from: turtoro on February 02, 2014, 03:54:47 PM

Quote from: sidhujag on February 02, 2014, 01:42:05 PM

Quote from: turtoro on February 02, 2014, 01:07:53 PM

Quote from: PGPpfKkx on February 02, 2014, 12:58:00 PM

of course it is. the last one that gets the coin before it starts dropping and dies it the loser its like a hot potato. read some economic theory

Im talking about crypto market as a whole.

I will simplify it for you.. Think of the game hot potatoes

Let me explain to you how this works because you dont seem to understand. Ill explain it like to a 5 year old.

John buys 1btc for 1$.

New "investors" come in and drive the capitalization and price rises to 5$.

John sells his btc and makes 5x profit. Those who buy at 5$ dont lose.

What you described is a ponzi scheme. And if you think that is what Btc and some cryptos are, then what are you even doing here?

Hey genius every market is always zero sum:

John buys a btc for $1 sells to scott for $2
Scott sells for $3 to Colin
Colin sells $4 to turturo
Turturo sells for $0

1+1+1+1-4=0

On a transactional basis its not 0 sum but as a market it always is.. dont forget that.

The original post that sparked my reply was "for someone to make 20k$, someone needs to lose 20k$". Hence i was correct in my argument

No I know what you meant and your not right because you meant the market at a whole while the only instance you would be correct is if you meant on a transactional basis which doesnt sound like crypto market as a whole to me.. does it to you?

turtoro

sr. member

Activity: 364

Merit: 250

Quote from: sidhujag on February 02, 2014, 06:25:30 PM

Quote from: turtoro on February 02, 2014, 03:54:47 PM

Quote from: sidhujag on February 02, 2014, 01:42:05 PM

Quote from: turtoro on February 02, 2014, 01:07:53 PM

Quote from: PGPpfKkx on February 02, 2014, 12:58:00 PM

of course it is. the last one that gets the coin before it starts dropping and dies it the loser its like a hot potato. read some economic theory

Im talking about crypto market as a whole.

I will simplify it for you.. Think of the game hot potatoes

Let me explain to you how this works because you dont seem to understand. Ill explain it like to a 5 year old.

John buys 1btc for 1$.

New "investors" come in and drive the capitalization and price rises to 5$.

John sells his btc and makes 5x profit. Those who buy at 5$ dont lose.

What you described is a ponzi scheme. And if you think that is what Btc and some cryptos are, then what are you even doing here?

Hey genius every market is always zero sum:

John buys a btc for $1 sells to scott for $2
Scott sells for $3 to Colin
Colin sells $4 to turturo
Turturo sells for $0

1+1+1+1-4=0

On a transactional basis its not 0 sum but as a market it always is.. dont forget that.

The original post that sparked my reply was "for someone to make 20k$, someone needs to lose 20k$". Hence i was correct in my argument

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: turtoro on February 02, 2014, 03:54:47 PM

Quote from: sidhujag on February 02, 2014, 01:42:05 PM

Quote from: turtoro on February 02, 2014, 01:07:53 PM

Quote from: PGPpfKkx on February 02, 2014, 12:58:00 PM

of course it is. the last one that gets the coin before it starts dropping and dies it the loser its like a hot potato. read some economic theory

Im talking about crypto market as a whole.

I will simplify it for you.. Think of the game hot potatoes

Let me explain to you how this works because you dont seem to understand. Ill explain it like to a 5 year old.

John buys 1btc for 1$.

New "investors" come in and drive the capitalization and price rises to 5$.

John sells his btc and makes 5x profit. Those who buy at 5$ dont lose.

What you described is a ponzi scheme. And if you think that is what Btc and some cryptos are, then what are you even doing here?

Hey genius every market is always zero sum:

John buys a btc for $1 sells to scott for $2
Scott sells for $3 to Colin
Colin sells $4 to turturo
Turturo sells for $0

1+1+1+1-4=0

On a transactional basis its not 0 sum but as a market it always is.. dont forget that.

BigAlby

newbie

Activity: 7

Merit: 0

Quote from: elixir on February 02, 2014, 01:29:19 PM

max keiser rang me, whispered "3 days" and then hung up. should i be worried. Tongue

No you should be ready

Alohaboy?!

hero member

Activity: 1050

Merit: 506

Quote from: elixir on February 02, 2014, 01:29:19 PM

max keiser rang me, whispered "3 days" and then hung up. should i be worried. Tongue

^^

zaigon

full member

Activity: 182

Merit: 100

now you talking that is how i see it... its very easy to understand i dont know why some people dont understand that

turtoro

sr. member

Activity: 364

Merit: 250

Quote from: sidhujag on February 02, 2014, 01:42:05 PM

Quote from: turtoro on February 02, 2014, 01:07:53 PM

Quote from: PGPpfKkx on February 02, 2014, 12:58:00 PM

of course it is. the last one that gets the coin before it starts dropping and dies it the loser its like a hot potato. read some economic theory

Im talking about crypto market as a whole.

I will simplify it for you.. Think of the game hot potatoes

Let me explain to you how this works because you dont seem to understand. Ill explain it like to a 5 year old.

John buys 1btc for 1$.

New "investors" come in and drive the capitalization and price rises to 5$.

John sells his btc and makes 5x profit. Those who buy at 5$ dont lose.

What you described is a ponzi scheme. And if you think that is what Btc and some cryptos are, then what are you even doing here?

f1ndm3h

newbie

Activity: 42

Merit: 0

So this coin is CPU only and only if I am not mistaken?

Someone reassure me plz?
It Seems interesting

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: turtoro on February 02, 2014, 01:07:53 PM

Quote from: PGPpfKkx on February 02, 2014, 12:58:00 PM

of course it is. the last one that gets the coin before it starts dropping and dies it the loser its like a hot potato. read some economic theory

Im talking about crypto market as a whole.

I will simplify it for you.. Think of the game hot potatoes

gaston909

sr. member

Activity: 336

Merit: 250

pump and dump maxcoin time!

elixir

full member

Activity: 224

Merit: 100

max keiser rang me, whispered "3 days" and then hung up. should i be worried. Tongue

turtoro

sr. member

Activity: 364

Merit: 250

Quote from: PGPpfKkx on February 02, 2014, 12:58:00 PM

of course it is. the last one that gets the coin before it starts dropping and dies it the loser its like a hot potato. read some economic theory

Im talking about crypto market as a whole.

PGPpfKkx

hero member

Activity: 586

Merit: 501

of course it is. the last one that gets the coin before it starts dropping and dies it the loser its like a hot potato. read some economic theory

turtoro

sr. member

Activity: 364

Merit: 250

Quote from: seafarer124 on February 02, 2014, 12:13:15 PM

For somebody to make $40,000 somebody must lose.

Thats not necessarily true. Its not a zero-sum game

seafarer124

sr. member

Activity: 302

Merit: 250

For somebody to make $40,000 somebody must lose.

As I say, more bad press.

We have enough greed now without developing more.

All appears rather short sighted.

yatsey87

hero member

Activity: 840

Merit: 509

Quote from: seafarer124 on February 02, 2014, 11:54:22 AM

Quote from: yatsey87 on February 02, 2014, 11:26:48 AM

Quote from: seafarer124 on February 02, 2014, 11:22:17 AM

I know absolutely nothing about mining or the technical side of crypto currency.

I have BTC and love what it can hopefully achieve.

Can anybody offer an explanation of the point of all these alt coins? Do these new coins compliment BTC, are they superior in some way, or is it competition?

Would it not be far better to pooling all knowledge and making BTC achieve greater things, considering it is still very young.

Surely, getting the general masses to adopt BTC is a mammoth task, having all these other coins offering whatever it is they have would totally confuse anyone not familiar with crypto currencies.

I am confused. Do we really need hundreds of crypto currencies this early?

Well most are just made to pump and dump and make a quick profit on. Nothing more nothing less.

Still confused.

What is the point of "pump & dump"?

Surely the whole exercise is to achieve global adoption. The vast majority are not interested in what you describe.

Newbs and people who want to make a quick profit care. They don't give a shit about cryptocurrency or what it can achieve or represent, they just want to get rich quick.

Topic: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining - page 517. (Read 914495 times)