Tuesday, 24 June 2014

bitcoin is a virus...or wait a minute...

The Bitcoin block chain is inadvertently being flagged as a virus since byte code matching a virus signature has been appended to the block chain. Microsoft Security essentials has been flagging the "Malware" along with other reputable AV vendors. Have a look here to read the MS forum thread. To get an excellent technical write up about this check out Steven's blog here

Friday, 20 June 2014

Nautiluscoin sponsoring MMA fighter Jon Fitch

Nautiluscoin will sponsoring once UFC fighter Jon Fitch. This is an interesting combination! I love MMA and crypto currency. Who knows maybe this will encourage me to buy some Nautiluscoin.

Read the Bitcointalk thread here.

Wednesday, 18 June 2014

Why ASIC's are not bad for Litecoin

Everybody seems to think ASIC's are a bad thing for Litecoin, when in fact it is quite the opposite. As we witness many small scrypt coins threatened with 51% attacks as scrypt miners come online, it demonstrates the need to have a distributed and significant hashrate. What I'm suggesting is that the network is more secure because of the hash power delivered by these mining devices. There is not a coin on the market today that can claim to be ASIC proof (excluding pure PoS coins). Any coin that garners any significant market share will be ripe for ASIC development. What is Security worth to you? This is why mining is so important. I find the concept of hybrid Pow/Pos coins very attractive (Snuggles Peercoin). Myriadcoin provides multiple algorithms that can be used.

Tuesday, 17 June 2014

Litecoin's physically minted..sorta

It's not often I click on Google Ads, but I was captured by the coinographic name :) I had to click it (I didn't even know what it was. pathetic I know)!

These look beautiful! Check out Coinographic.com

Monday, 16 June 2014

The centralization of Darkcoin

The masternode concept in Darkcoin is pretty cool, but doesn't it centralize the network? In the future won't it be too expensive for the 90% percent to invest? What if the price of Darkcoin explodes. I'm not a Darkcoin hater (I run a Darkcoin p2pool @ www.elitter.net), I'm just being realistic about the risks of alt coins (and Bitcoin).
Check out the masternode distribution here... The payouts will get smaller as more masternode come online and if the prices continues to skyrocket.. couldn't this have a serious negative impact on the coin?
What do you think?


Bitcoin's 51% problem

Ghash.io is the most popular and widely used Bitcoin mining pool in existance today. This is a threat to Bitcoin as this could permit a 51% attack which could facilitate a double spend on the network. Is it really a problem? I don't think it as big of a threat as everybody thinks it is. i.e. Bitcoin is not written in stone. We can adopt changes. Check out the hashrate distribution here


The great alt coin scam

An Investor's Investigation Into The Mining Statistics Of Bitcoin Alternatives
This is a great resource when doing research on which crypto coins you want to invest in. Is the entire altcoin industry a scam? Have we all been duped? You be the judge.
Read the original here.