Topic: *INFORMATIVE* NobleCoin Founder addresses "The State of Alt Cryptocurrency." - page 3. (Read 10702 times)

Well said brother.

Well said, A prime example of this is Doge Dec-Jan. Also if you found that info for me send me a PM will ya?

Just a response to this, regarding the pump and dumps, you may want to include the elements of liquidity impacting the severity of a pump. Properly planned illiquidity ends ups burning both miners and early buyers on a “larger” exchange. One of the more common examples of this is how certain coins strategically limit initial liquidity and follow it up with a quick initial pump when released on a “larger” exchange. This is usually followed up with an increased release of coins (due to increased liquidity as everyone tries to get in on the initial sells), and a lot of these people end up selling it for amounts significantly lower than the first spike. This is usually when a pumper can buy back in for a much lower price. From here a second much more prolonged spike occurs in which the pumper strategically sells the remainder of the coins. In terms of market manipulation, the first wave burns the miners and the second wave burns the buyers who think they’re “getting a good deal.”

Additionally, as a follow up to major market price setting, there are also lots of back-alley deals that occur in the crypto-currency world still yet and there is a lot of buying that happens not on an exchange. However, that said, it seems that this current wave of alt-coins are mostly done via the more “normal” channels as a lot of the profiteering space has been fragmented by relative “newcomers.” A lot of the more massive manipulation has drifted back to being done with more established coins as it gets more and more difficult to do this with a new coin because of various factors (trust being one of the biggest factors). There were a few that happened with this wave, but proportionally speaking, it wasn’t as much as the waves in the middle of 2013 or during 2012.

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Thanks YarkoL, I'll be reading that and incorporating it into the doc. Appreciate your comment.

Very good intro, although I only skimmed the Noblecoin-specific part at the end.

One minor correction: the doc refers to time warp attack as theoretical possibility that has not been really carried out, which is not the case.
Please see
Terracoin attack, July 2013
https://bitcointalksearch.org/topic/terracoin-attack-over-12th-attack-confirmd-261986
Sunny King's analysis
https://bitcointalksearch.org/topic/trc-disclosure-terracoin-difficulty-collapse-exploit-167493

Inherently there is so much that has already happened in the short amount of time that crypto-currencies have been around that it would take much more to even get a reasonable fraction of everything that is around this scene.

It would be nice to have an exposé to dig in the to market-manipulation that has existed since large-scale trading had started with the advent of the major exchanges in 2010-2011; but for something that focuses more on alt-currencies the fact remains that most of the action has centered around the forum, twitter, IRC and on the exchanges themselves.

Yes, the price of bitcoin has been greatly impacted by things outside of that scope, but that story should be bucketed with an in-depth analysis of the bitcoin scene.

[Heck, in the bitcoin scene, there has been well-established arbitrage, options, and derivatives practices that much of the goings on are not captured in these forums despite there being a plethora of information already in that sub-forum.]

Great statement.

I have had you on ignore (you got quoted) but you are correct somewhat. As has been asked please elaborate.

Truth and information is the most powerful tool in the world. This is just the beginning.

I liked it

Like the article guys? tweet about it, post it on reddit, Facebook

^^

If you two team up, you could team-write quite the exposé.

Well the little obvious penny scams and pumps offer a welcome little distraction for those planning the bigger games. Many here don't seem to realise the size of all this, and what that sort of money really attracts.

Many here think that this forum is the center of the crypto universe, its far from it.

I'd love for you to share your insights with me privately. It's 15,000 words of the planned total of 100,000. With a policy of no names and the fact I'd rather not make too many enemies or appear to be attempting to police rather than inform the new guys (our coins been crippled enough as it is acting as we do). I understand it goes a lot deeper and there are a number of players, deals, services, groups etc. I've left out for obvious reasons. That sort of info. is not something I'd even like to hint at especially since there is very little solid evidence or even public hints of (on forums, twitter or otherwise). Draft #1 like I said - if you want to share happy to chat.

Funnily enough the docs rather boring and scratches merely the surface, just like some naive person who's only read the forum, maybe twitter for some extra.

The rabbit hole goes alot deeper round here, scam under scams that have never been exposed, some of the legit coins and devs are the biggest scammers.

Many enemies here are actually allies, many are one in the same.

Pumpers lol those twitter noobs are rank amateurs compared to "the channel"........maybe fontas listened in on third hand info about the channel but even he never really pumped, the group within the channel, are big enough to manipulate ltc, btc etc...and have been around long before these alts.

And as for trading most the large trans aren't done on the exchanges you guys see.

You really need to dig a tad deeper.

This document will be expanded upon in the future.