Topic: -- Miner's Official Coin LAUNCH - NUGGETS (NUGS) -- - page 28. (Read 121560 times)

I'm not sure how any of that relates to my post, but that last sentence is full of errors. The financial industry pays extremely well for good programmers as far as I've heard. And financial institutions pretty much entirely rely on computers these days, so to say they "do ZERO actual money making for the banks" seems to show a huge lack of understanding. (If that were true, why would banks even hire programmers?)


Do you mean you own 280 domains for a single online business? If you're in the domain squatting business, I just hope you at least have better taste in names than Vlad.

Now you guys are amazing!

That does make sense, but it looks like there was no planning at all in this case. Just throwing money left and right.

And poof! It's gone!   iceycrypt says "Sorry the site is going down!" and "Sorry the site is going down! PLEASE CANCEL ALL TRADES!"   Hattip r3wt.



Annnnd more fun in chatbox:

"...the market has been shutdown because of errors that we are unable to resolve in a timely manner."

"Everything is just going back to the owner since the trade system got fucked up"

Hmm, I hold double that for a single online business, it's not uncommon.

They're on icycryptcy right now.

Well, twoBits finally fixed the broken code which should start trading the golden blocks soon and after that I hope to see more people mining.

This is not a pump and dump coin.  I'm not gonna go to any exchanges and request my coin to be put on until its no longer a total shitCoin.

I hope to hire someone to add more features as well but right now I put money in some GPU's since I have no way to gain my own coins.  But I'll do my best to make NUGGETS a Real coin.

I'm sorry 21, twoBits just vouched for you.  Your ID was so new that thought maybe you were you know who, trying to hack in my computer.  I can't get my computer to mine anything and I want to mine nuggets and galaxy coin right now.  It's almost 3am, but I trust twoBits and I also trusted you, I gave you my login credentials and you really helped me but then the command line thing freaked me out cause that was just 2 days after my coin got hijacked.  

I'm sorry, I just heard you asked twoBits to help me, you and fuzzybear.  Man, I wish so much I could pay you guys.

I have to get to bed but tomorrow if you can help me get my GPU computer to mine I will open my command line and I'll install Skype, or I'll give you my cell number. I trust you.

Thanks again, there's few guys like you, twoBits, fuzzybear and unthinkingbit on this entire forum. Generous people with integrity. I have literally begged twoBits twice to take nearly .5 BTC and 7,777 NUGs in bounties he has more than earned and he won't take them.  Who does that?  I don't think i could. Wow!!!!

 God Bless!

Where can Nuggets be traded?

When can we see Nuggets in Cryptsy or Coins-E or anyother?

Yeah, I really only have to sell one domain name on the next 12 months to get all my money back, if my theory is correct.  My wife thought it was really stupid but then again, if I so my research and I think it's right nobody is gonna stop me.  I wanted to buy more but I stopped.


I don't see $1,400 as a lot to invest on something this big.   $10,000 is very little, but I'm not working right now.  I just lost $12,500 on nokia stock options last week and that was on a hunch 1/10th as strong as bitcoin and alt coins.  It sucks cause I'm not working, So now this makes getting money to invest in coins that much harder. 

But I do have some Apple option calls which expire in November and I hope that new make lady CEO grows a brain and releases multiple iPhones next month.  I have lost more money cause of idiot CEOs than all other reasons combined.  I lost $50,000 on MVIS due to outright lies by the CEO.  I leap for joy when Icahn moves in and fires another glorified idiot CEO and sells off his company and shames like he did to the ying yang idiot from yahoo who turned down a $40 billion offer from Microsoft which was a gift, its not worth even half that now.

Nokia will get bought out by Microsoft - most likely their handset divisions for around $20 Bilion.  My timing was simply off, had I bought shares instead of options i would have made good money but I wants to make 20 times more using leverage of options.  Bad timing means you lose it all. 

That's absolutely true.  Man, you're the first to get that (besides me and al gore of course).

That's absurd.  No economics school ever offers a course on how a stock market exchange itself structurally functions.  It's absurd.  Yet you can go get an MBA and work on a major exchange.  This whole idea that i need to understand the actual trading structure of a financial instrument when there's no way for me to change it or alter it is ridiculous.  

It doesn't fit with any courses taught for finance or economics.  ZERO. You need to understand the theory, the mechanics and what makes an instrument a success and how to value it which in this case it's near to impossible.  But how It works, when that is set in stone, who gives an F?  That's why banks hire programmers and IT managers and shove them in a room out of the way, cause they do ZERO actual money making for the banks.  

Toothpaste is a conspiracy by dentists 

Also make sure the toothpaste expires in 2-3 years because everyone knows the government is going to take over toothpaste anyways but it doesn't mean you can't get in at the ground floor of the toothpaste ponzi and dump your worthless tubes on suckers before the government shuts it all down.

That's easy, toothpaste is a ponzi scheme that is going to explode after the toothpaste ETF and everyone is going to want their own tooth paste brand, so we need to get into the market now.

Yes, and I believe he had mentioned it somewhere before.

Ok. Thank you for being honest about it.

Incorrect. More miners do not create more blockchains. There is only one blockchain per cyptocurrency (that can be forked, though miners will only see one blockchain).

Incorrect, in the long term. The confirmations occur at a roughly steady rate, though they may occur faster or slower in between difficulty adjustments. But Bitcoin, for example, will always tend toward 10 minute confirmations, always has, always will.

Mostly incorrect. Without miners, Bitcoin can't exist, but that has nothing to do with how much power is used. The only reason you would have so much power consumption is because it helps reduce the likelihood of a 51% attack. Also, miners don't just generate blockchains.

If you're just gonna look at this as a financial instrument, by all means do so (wisely, which you haven't, to be honest). You can't create a coin without knowing how it works. You set values for time between difficulty adjustments and all that without even knowing what that is for!

You need to know why things are done. Just like my toothpaste example, you need to know what toothpaste is and what it is for if you're going to found a toothpaste company, and the same is with creating a coin.



Think about what you just said for a second.


http://www.nationaljournal.com/tech/the-tax-man-cometh-for-your-bitcoins-20130618

Seriously, you know anyone who has had to pay taxes on the devcoins, litecoins or even bitcoins they sold last year?


Lol, there's no real way to track it yet which is why bitcoin has been use to launder billions if mafia money. 

But if you're a boyscout and you wanna pay 45% tax on your capital gains from any coins you sold this year or last, I'm sure the IRS will take it.

And this is another sign the govt is behind this.  People have made millions yet the govt hasn't even brought up the tax issue.  Businesses accept bitcoins which they won't pay taxes on yet the govt sits idle.

They only do that if that want that something to take off, like with tax free Internet.

@Perfect agent,

I haven't read up on this specifically, I could probably google it right now and pretend to really know it but I'll you what mining does as I picked up in bits and pieces.

First, more miners secures the network as more block chains are created.


Second, more owners increase the number and frequency of the confirmations.


Third, miners are needed as people mine a portion of their CPU/GPU cycles are taken and used to create the next block chain, so without miners bitcoin can't exist.  This is why Bitcoin eats the energy of a nuclear powerplant?

This is all I know, but I'd love to hear additional things from you.  From my point of view, bitcoin et al are financial instruments, I have a more theoretical mind and small things I find tedious and to me have little to no value.  Like, now does bitcoin work, it makes little difference to me as long as I know its secure and it works and I know that there is nothing in existence the govt can't confiscate and make their own.

So why would I waste memory space learning useless things which I cannot change and really help me with nothing.  It would have helped me with nothing when launching my coin as the miners you get is almost pure luck at this time unless you can hype your coin or advertise it.

So I try to focus on things of important and things I can change, like features for example or how to make a better coin, how to make a more popular coin, things I can alter cause no matter how much I learn about Bitcoin's functions I will never alter the way it's mined since a phd mathematician or a team of them are much smarter than me and I'm sure it was done right cause in my mind, govt or not, this was done with a purpose.

Nope. No more transactions.  Just more idiots fighting over ass pennies.

Also, what makes you think this income is tax free?

So yes, one purpose is to equally distribute coins to many people without doing a centralized giveaway (ala XRP, or... this...). Making free money is not an answer, especially considering that you have to invest into a mining rig. Hippie Tech got that one. The other purpose is more specific. Yes, it keeps the network secure, but there is a more specific way to describe this. How do miners help secure the network? If you can't answer this Vlad, then you have no business launching a coin. That's like founding a toothpaste company, knowing only that everyone uses toothpaste and without knowing what the purpose of toothpaste is.

So GoDaddy charges about $10/yr for domain registration. So you spent $1400 in domains alone? This is absurd.

Are you talking about Bitcoin? Because government hates it! It's so much easier for them to confiscate money from bank accounts and track people with credit and debit than any cryptocurrency, especially now that Zerocoin is becoming a thing. Cash is even easier to confiscate.

Holy shit, how much money have you spent so far?

He doesn't want to waste his time it seems.

I was on a roll and wrote a long one but then I hit the Effing undo button and I hate it when that happens so I literally threw the ipad down and gave up.

Besides, I got an ward yesterday, two in a row would set records and I'm sick of that.