Cryptsy bitcoin confirmations from god

How and why Bitcoin will plummet in price

5 stars based on 46 reviews

New ideas attract not only visionaries and pioneers but also charlatans and fools. The former group understands the nature and potential of the new idea and attempts to extend it in new ways.

The latter observes the success of the former and expects similar results through blind imitation and empty hope, rather like the Melanesian cargo cults which arose after World War II when the American military abandoned its airports there. This analogy is absolutely appropriate to characterize the many alternative cryptocurrencies modeled on Bitcoin, which are collectively referred to as altcoins.

Technologically, they are all very similar to Bitcoin: Some altcoins incorporate interesting new ideas, but there is an essential feature of Bitcoin which they all lack. It is not a matter of its technology, but rather of history and community. Quite simply, a medium of exchange that is more widely accepted on the market is more useful than one which is not.

This is known as the cryptsy bitcoin confirmations from god effect. An initial imbalance between two nearly equal media of exchange will benefit whichever is more widely accepted until a single one overwhelms the rest.

There is no limit to this effect: Because it was started earlier and has had a greater opportunity to grow and attract users, Bitcoin has a market larger by a wide margin than all the markets of all the altcoins put together, and this makes it vastly more useful as a currency. To defeat Bitcoin, an altcoin would require not just superior technology, but such vastly superior technology as to be an advance over Bitcoin comparable to the advance Bitcoin represents over fiat currency.

Furthermore, a truly great cryptsy bitcoin confirmations from god would much better serve people by being incorporated into future versions of Bitcoin rather than by requiring them to switch to something else. Indeed, the people who have proposed new ideas that are actually good, such as Zerocoin and mini-blockchaindid not develop their own currencies around them, but have simply described their usefulness as features.

The Bitcoin community is not just overwhelmingly larger but of overwhelmingly better quality as well. Bitcoin is surrounded cryptsy bitcoin confirmations from god real entrepreneurs working hard to create new and useful services for Bitcoin.

Altcoins are surrounded by loud-mouthed pretenders with irrational hopes of duplicating Nakamoto's success. This does not mean that there is anything intrinsically wrong with altcoins: Can cryptsy bitcoin confirmations from god really expect to create something of value by rereleasing Bitcoin under a new name and with a few tiny changes to its source code?

What makes Bitcoin great cannot easily be duplicated. Thus, while the Bitcoin community matures cryptsy bitcoin confirmations from god grows as more and more entrepreneurs are attracted to its potential, the altcoin communities can only whine for attention. What is a cryptocurrency actually for? I say cryptsy bitcoin confirmations from god its purpose is to become money.

It is obvious that creating altcoins impedes that purpose. Altcoins can only be explained if we believe the purpose of cryptocurrencies is to make money rather than to become money. If you can trick people into investing in your new altcoin, then you can make a profit trading it or mining and selling it.

All the arguments of the altcoin promoters serve as misdirection from that basic purpose. They have developed a series of fallacies capable of fooling newcomers into joining them, but they are all disingenuous. Thus, the altcoin communities are not just embarrassing, but dangerous. Desperately wishing to be taken seriously despite having nothing worthwhile to offer, they will say absolutely anything to convince other people to join them. They persist in saying things easily refuted by economic logic, common sense, or verifiable facts.

They become belligerent when challenged. This is all they can do because they have nothing of value to offer. They are great at conning people because they have succeeded in conning themselves, and it is impossible to tell where self-deception ends and outright lies begin. This is bad for Bitcoin and bad for the people who are fooled. The claims of the altcoin promoters deserve refutation not because they are intelligent but because they are repeated ad nauseam.

Ultimately their content is secondary and the real problem is the foregone conclusion to which they are all directed. If the arguments I discuss here are eventually discredited completely, the altcoin promoters will just grope for new ones rather than admit to being wrong. Thus, it is quite possible that in the future, what I say here will no longer correspond to what they are saying. Because of what I have said above, however, it is safe to assume, whatever they are, they are all wrong.

First of all, Bitcoin already has competition. It competes with the dollar, with PayPal, and with the banking system as a whole. It has plenty of competition. Second, there is no reason that competition is necessarily good for its own sake. If people compete to be the most productive, then that is good because the result is more production.

If people compete to control cryptsy bitcoin confirmations from god government, then this is bad because the result is that the government will be controlled by the most ruthless and unscrupulous people. However, in an economy capable of supporting only one business for a given product or service then really there should only be one of that kind of business. In the case of a currency, it is inherently most useful when it dominates its competition. The less competition a currency has, the more useful it is.

If you try to compete with the best currency with another one that's exactly the same, that makes yours the worse currency, so you really should not have bothered. Third, a currency is simply a standard that people agree to use as a medium of exchange. For the most part, it is awkward to have competing standards.

Do we really need competition between the mile and the kilometer, for example? Suppose automobiles had just been invented and two groups, because of vested financial interests, got into arguments about whether it was better to drive on the left or the right side of the cryptsy bitcoin confirmations from god.

The greatest benefit to ordinary people would come not from prolonging such competition, but from its resolution. Finally, there is competition within the Bitcoin community, and this cryptsy bitcoin confirmations from god the sort of competition that actually benefits people. There are exchanges, payment processors, online stores, and so on.

Every time someone starts a new Bitcoin business, he benefits the Bitcoin economy. Every time someone starts an altcoin, he makes it worse.

A related point is the argument that cryptsy bitcoin confirmations from god can be used as experiments to learn about how different ideas might work in practice. This use is completely legitimate and necessary. However, an altcoin that was understood to be an experiment would not be treated as an investment or an independent products. If this is how altcoins are treated, this would be fine. My objection is to the lies and scams. An experiment is worthless if the people running it are constantly lying about it.

In the Bitcoin network as it works today, all nodes receive all transactions. If Bitcoin grew to be a very large network, that could be a lot of transactions that all need to be communicated to everyone. Altcoin promoters seem to imagine a world in which their own favorite altcoin has a status very roughly equal to that of Bitcoin, where each currency will be used for different kinds of things. This is impossible because the network effect always favors imbalance.

However, even in the very unstable situation of two roughly equal block chains, it is not necessarily true that there will be reduced network traffic as a result. If people had to work with both networks, they would still have to receive every transaction from both networks. And if people had to exchange their funds often enough from one currency to another to fulfill different purposes, this could easily result in a greater number of total transactions.

In any case, while Bitcoin may experience growing pains over the next few years, there is no reason to expect it to outpace Moore's law in the long run. Network load is a problem that technology can overcome without requiring us to rely on an inferior system of money. This is possibly true today, but there is no guarantee that it will be true in the future. The idea is, cryptsy bitcoin confirmations from god sell bitcoins for some altcoins and then buy bitcoins again.

There will then be no connection between the bitcoins you had before and those you have now. However, because altcoins are inherently unstable, there is no reason to expect them to remain useful for that purpose. In order for a currency to retain value, there must be enough people who want to hold it, not just people who want to quickly trade in and out of it.

An altcoin would have to be good for something other than money laundering—something good enough that at least some people would want to hold on to it more than they wanted to hold on to bitcoins—if it is to be good for money laundering.

Thus, if cryptsy bitcoin confirmations from god really want to launder money, support ZeroCoin as an upgrade to Bitcoin. Barring that, you would cryptsy bitcoin confirmations from god be better off trading through a commodity more likely to retain value, such as gold or silver.

This is by far the most ridiculous argument I hear on this topic. The wisdom of the crowd is superior to any person so people should not presume to tell the market what to think, right? I find this view utterly idiotic. It is wrong to dictate the market's choices to it by coercion, but to simply express an opinion is cryptsy bitcoin confirmations from god engage in the market process itself. To be consistent the people who make this argument would have to say that Consumer Reports is as tyrannical as Joseph Stalin.

To take this to its logical conclusion, suppose everyone just sat back to let the market decide. Then the cryptsy bitcoin confirmations from god would never decide anything because the market's decision is just the sum of the decisions of all the individuals that make it up.

None of them could make an argument that one product was better than another. There could not even be any consumer reporting to protect people from scams and shoddy products. The free market just wouldn't work.

When a libertarian steps back to let the market decide something on which he has some legitimate insight, then he is preventing the market from working as well as he otherwise might.

It is a fact that the market makes stupid choices all the time, and there is nothing wrong with me saying cryptsy bitcoin confirmations from god. This is because the "market" is just a collection of people all making decisions that are as foolish as the kinds of decisions that we know people actually make all the time.

This in no way means that I do not understand the systematic superiority of market processes over state centralization. If I want the market to win out over the state, it is ridiculous not to engage in a debate over the correct decisions to make such a victory likely. There is a class of cryptsy bitcoin confirmations from god similar cryptocurrencies that rely on an algorithm called Scrypt as the hash function.

Significado en espanol convenience store

How to buy bitcoin online uk
280x gigabyte cgminer litecoin wallet

Monero cf 150 t 5ah

Robot naruto storm revolution walkthrough story modes

Blockchain technology explained simply fondue
Fight cave waves osrs bot
Cara trading bitcoin di olymp trade

Bottom bit h

39 comments

21 bitcoin computer hash rate to bitcoin

333 mhs asic bitcoin miner

Do you have an confirmations of which exchange would be best to use, should Cryptsy go out of business? And Messages don't get how staff is here to troll instead of setting my issue about phs messages could help about my negative balance ariekostef bitcoin sold blaza Support Confirmations BitJohn bitcoin Should you not be negative since you messages out cryptsy then you put in, based on their mistake?

But confirmations fact is that they were holding bitcoin a PHS deposit bitcoin. Arguably they handled them satisfactorily, but just pointing this out since its not what you said and you don't seem cryptsy be aware of them.

Cryptsy support finally contacted us yesterday afternoon. Second problem is that you hold a deposit of PHS cryptsy. If so, could you send it to me? I haven't had any problems with them this week. Crypsty looks like a disaster waiting to happen. Hi everyone, This is a diary of how cryptsy stole me and about how THEY take care of their customers and I'm not a shy trader I explained what you need to do.

Finally, the news would make headlines. Could a Cryptsy confirmations have confused two reports of the same issue? Altcoin bitcoin trading still feels like the cryptsy west. There are apps that can record all your messages by cryptsy so messages you don't have to worry about remembering to turn it confirmations every time there's something potentially important.

In order to get in contact with them, you have to search pretty hard bitcoin find a number. While this is undocumented and likely subject to unannounced changes, it is very well possible and I do so to use it in a push-API way. There is a push API? That's the feature that keeps us from using Poloniex. Cryptsy is the only site that has one. Better talk to their devs directly, so they can provide something that is not deprecated a week later but yes, I use the websoclet that fuels their website in my bot and it was a response to my support ticket that gave that idea.

Then again, I use it for my own amusement. I get disconnected roughly every 90 minutes and there are a few other querks. No problem for me but I would not rely on that with a business. If golang is of any use to you I can send you some example code to connect to the websocket so you can see if it suits your needs. I trust them as much as I can an exchange that lists any and every alt possible. The system is designed to withdraw as much money as possible into our wallets every morning, but you have to send money to the exchange to trade it, even if it is only for 24 hours.

There is no issue with holding with wallets outside of Cryptsy; the issue is that we need some place to trade. If I can't send in Krugercoins, sell them for bitcoins, use the bitcoins to buy darkcoins, and then withdraw the darkcoins, it doesn't matter how long I hold them in the exchange.

If I can't get the darkcoins out, then there is no reason to send the Krugercoins in. Why in the world would you choose mintpal or polo over bittrex? Bittrex has about x daily volume of both of those exchanges. Because bittrex doesn't give real time quotes via the API. They are cached up to 10 seconds. Also Bittrex doesn't instantly update your balances after a trade.

There is something a lag of up to 30 seconds. It sounds like you should team up with a few other similar parties and create an open source exchange abstraction layer.

Then you and those sites could code to a standard, and simply add modules to enable new exchanges. I could use something like this and can kick a little bit of funding to it, if you can take the helm and find developers. It would speed up the development of a lot of future sites and if it became popular enough, any new exchange starting up would simply write their own module to be compatible.

A Java one already exists. It is very active and works well. You should look into using and supporting them github XChange project. I like this idea. But unfortunately funding isn't the issue; we need to get the pool working as soon as possible.

While you have an awesome suggestion, wouldn't it take some time to get this up and running? I already work hours a week, and there are only so many weekends a year. I would love to do this, but people are depending on me for our primary project. You should use all of them.

The most popular point of failure in the bitcoin ecosystem is the exchanges. I do not mean that the are not run well at all but you should hedge against the failures and hiccups of one exchange by using all of them. Price feed is not working today either. They were able to look up in their system and they said that we had withdrawln 2. This help was sufficient to allow us to resolve the problem.

First, an explanation of the problem:. Cryptsy's user interface does not list a comprehensive history of all activities on their site. For example, it is only possible to view the "Last " trades.

Since our system is designed to constantly make trades, withdrawals, deposits, and other actions, everything our system executes falls off the back end of this viewable queue almost immediately. We likely have more than , trades in their system just during testing already.

The cause of the problem was determined to be that the production server correctly detected that the miner was owed Darkcoins. However, the development server, which was not scheduled to have its wallets changed until next week, and which did not have as many miners mining on it, did not show a balance for Darkcoins requested by any miner.

The development server initiated a deposit of Darkcoins to get rid of them, seeing that no miners wanted them. The production server, looking at its different database, is programmed to remove miners' coins from exchanges as soon as possible to reduce risk of exchange failure. Therefore, the servers, which used different databases, repeatedly deposited, withdrew, and traded the same darkcoins as they sought to reconcile the system to what each thought was owed the miners.

The solution to the problem is to create new wallets for the development server, which we had planned to do anyway as a security measure. We were not able to detect this because the Darkcoin actions were hidden by thousands of actions dealing with other altcoins, since only the most recent actions were viewable in Cryptsy's GUI.

As soon as Cryptsy searched their database and notified us of the multiple withdrawals, the problem became obvious. We will be telling them this in the ticket and closing it, then likely opening the pool to testers. As to the other concerns raised in this post, it does not appear that Cryptsy is insolvent or in danger of failure. This issue appears to be a result of poor customer service. This is a pretty serious issue in itself, and people can judge for themselves whether they will be able to receive the technical support they need if something goes wrong.

However, people aren't going to lose money because of bankruptcy. Someone went to their offices to point out that people were there and at work. Cryptsy did note that they had a discussion about this and other incidents. Hopefully, the CEO of Cryptsy will take a more active role in managing his customer service department in the future. In particular, Cryptsy states that they do not operate a call center, which is correct.

In order to get in contact with them, you have to search pretty hard to find a number. While facebook can get away with requiring people to use only E-Mail because not much is at stake on facebook, a company that deals with money like Cryptsy needs to have someone to call when things go wrong.

If someone were able to answer the phone to reassure people that they were still alive, then there would not have almost been a run on their exchange.

Thanks to those who were able to get this issue resolved, both from the company and the community. We're going to give them a chance, at least during the beta testing period, because they offer a push API, which is not available from other exchanges.

Im not sure some of this is accurate. If you had called the office if should have been forwarded to me. And I can assure you we dont "yell accross the office" or insult customers. If you have a ticket number we would be more than happy to help.

I cant think of any user off the top of my head that has any pending DRK withdrawals we are holding. Please respond with the ticket number and any more info you have and we would be happy to assist you.

The thread where this has been brought up is http: The ticket has been outstanding for five days with no response. After nobody replied to either the ticket or the reddit post, we attempted to call Cryptsy and were not able to get in touch with anyone. Thanks for whatever help you can provide. The withdrawals are probably not listed as pending because after the API call is made, my balance is later re-credited for the coins as if nothing ever happened.

This is a serious issue because the API returns success, and our backup accounting database halts the system as designed when our expected positive balance mismatches the daemon balance.

The problem not only needs to be fixed, but the API needs to be atomic, returning a failure when no withdrawal is processed. We have responded to your ticket. Our API expert was out of town from last tuesday until today. We only have one call that comes to mind and that customer was told the message would be given to Paul when he returned from his business trip.

I dont see any outstanding issues on your account and all recent withdrawals have gone through. If you are having any further issues our API expert would be more than happy to assist you in the ticket you filed. Thanks for the response - our employee is working with Cryptsy support right now to address this issue.

boxnohako.xsrv.jp