Topic: Overstock investing in altcoins- Take your guess which ones? - page 2. (Read 1645 times)
I wouldn't sweat him too much, EvilDave. A good majority of the forum knows this idiot TaunSew all too well now.
Probably the few legit ones like NXT.
Yeah someone who runs a professional multinational is going to buy a bunch of coins from two anonymous Eastern European Gopnik Bros, who put backdoors in the code (see bitcoin developer Jeff Garzik on NxT). Also all the numerous thefts and ponzis that occur in the NXT ecosystem. Overstock may as well be buying bridges in Somalia.
Last thing Overstock is going to do is buy scam shit like NxT, Aurora and PayCoin.
It's like paying Whack-a-Mole with the worlds most hopeless rodent:
Jeff Garzik, one of the developers of Bitcoin and possibly the future lead developer, determined there are probable backdoors in the NXT source code.
NxT was a scam where its' founder owns at least 400 million NxT.
NxT was a scam where its' founder owns at least 400 million NxT.
It's called TaunSew and is incapable of coming up with any new material:
Hashes do not match, the "open source" NXT that is available to download is not the same as the NXT that everybody downloads on their desktop, which contains probable backdoors (which explains much of the thefts which occurred within NXT since launch).
Jeff Garzik covered this ages ago
https://twitter.com/jgarzik/status/511928969000943616
NXTers deny / refuse it but that's the power of running an internet cult. Jeff Garzik has nothing personal against NXT. He's a developer for BTC, possibly even the lead developer if Gavin steps down, and he's doing all sorts of ventures to build cryptocurrency as a whole.
Replying to TS is being increasingly difficult, to be honest, his lies are just.......amazing.
Not to mention the fact that I (and others) have already answered them repeatedly.
Lets start with the thefts from NXT accounts: there have been around 10-12 thefts directly from accounts. Mostly small amounts of NXT, always owing to lousy password security.
In some cases less than 1000 NXT, but even so, it still sucks to lose your funds like that, so we always take theft reports seriously.
We've checked all of the thefts out, and in some cases recovered the funds.
In every case, people lost their NXT by using a well known phrase as password, or a simple ABCDABCD.... repeating pattern.
Since we started beefing up password security a year ago....no more thefts.
Most of the guys/girls/whatever who lost NXT are still involved with Nxt, including the guy who actually had the most stolen (and recovered):
https://nxtforum.org/general-discussion/got-nxt-64-757-stolen-from-my-wallet-%27%28/msg50586/#msg50586
.....and now he's running a NXT-based business and representing NXT at conferences:
https://www.youtube.com/watch?v=c1AmBhjkVQU&feature=youtu.be
The backdoor: If there was a systematic backdoor built into the NXT code, you'd expect to see thefts on a much larger scale.
We've had a shitload of coders look at the NXT code since then, and there is no backdoor to be found.
The NXT dev community comprehensively answered Jeff G, and he hasn't come up with any evidence either.
https://nxtforum.org/general-discussion/a-longer-reply-to-jeff-garzik/
https://nxtforum.org/general-discussion/garzick-attacking-nxt-again/
Anyone who wants to check it out for themselves, and has the necessary skillz.........come on down, rip NXT to pieces and find that backdoor code:
https://bitbucket.org/JeanLucPicard/nxt/downloads/
Just to finish off here, 'coz I'm getting tired and grumpy........if you want to see exactly how NXT works:
http://jnxt.org/nxt/
Log in to this test NXT client with the alias 'nxt' and take a good look at what Nxt has built over the last 2 years.
NXT isn't a scam or a frigging cult, it's a sane, honest and legitimate project, one of the best in crypto right now.
To anyone who is curious about NXT: do your own research, rather than taking the word of bitter, repetitive trolls like TS.
Grrr.....what a little tit.
(And, very sadly, I don't have 50 million NXT either......I've spent the last 18 months accumulating NXT in any way possible, and I'm just getting close to my first million, which makes me happy.)
Have you considered the possiblity that you may have Alzheimers, TS ?
You live completely in the past, yet can't remember stuff that you posted 4 days ago.....
or stuff you posted yesterday, even.
Overstock is in the business of reselling items, and I don't believe they're accumulating cryptocurrency. There's an advantage to using it for them, but I can't imagine they're just going to sit on it and not convert it to USD. They pay their employees and all their bills and everything else in fiat. Make sense?
They probably take litecoin and dogecoin, but who knows.
They probably take litecoin and dogecoin, but who knows.
Probably the few legit ones like NXT.
Yeah someone who runs a professional multinational is going to buy a bunch of coins from two anonymous Eastern European Gopnik Bros, who put backdoors in the code (see bitcoin developer Jeff Garzik on NxT). Also all the numerous thefts and ponzis that occur in the NXT ecosystem. Overstock may as well be buying bridges in Somalia.
Last thing Overstock is going to do is buy scam shit like NxT, Aurora and PayCoin.
Probably the few legit ones like NXT.
Quote
The swing in the value of our cryptocurrency holdings is attributable to the sale of some of our non-bitcoin cryptocurrencies, the use of some of our bitcoin to pay for services including our membership in the Chamber of Digital Commerce, and changes in the market," he said.
He went on to clarify that the company "holds more than just bitcoin", but did not clarify which digital currencies Overstock has invested in.
Bagley stated that, in its quarterly filing, the holdings are considered a part of the same asset class.
"We’ve invested in other cryptocurrencies over time, and for the purposes of the SEC filing, we lump them all together," he continued.
He went on to clarify that the company "holds more than just bitcoin", but did not clarify which digital currencies Overstock has invested in.
Bagley stated that, in its quarterly filing, the holdings are considered a part of the same asset class.
"We’ve invested in other cryptocurrencies over time, and for the purposes of the SEC filing, we lump them all together," he continued.
Source:http://www.coindesk.com/overstock-reports-over-100k-in-bitcoin-losses-for-q1-2015/
Did they invest in a basket of Pumpers Picks, went all in on Bitswift, or took a tentative stake in Bytecoin in the hopes of being a majority stakeholder one day and earning big bucks
?What coins might Overstock be accumulating and which coins did they dump like a sack of hot shit as they were burning a karpeles-sized hole in their wallet?
I'm interested in the forums opinions
Jump to: