Hi All,

Finally got back on my old computer to see what was happening with my ypool mining.

Tried to set it all up again and then my Internet Security blocked the jpminer apparently it was infected with Trojan.Generic KD 1420581.

So I deleted the miner from my comp - ran a scan etc etc.  Went to download it again from ypool.net and it was again blocked with the same message.

Has anyone else had this problem?  Unfortunately I do not have enough pts in my ypool account to cash out unless there is a way to cash out for less than 1 pts if you stop mining.

Cheers

kw

Hi,

I am mining PTS through YPool and whilst I wasn't getting a lot of shares - old computer etc - when I checked this morning the message I was getting was;

'bitclient_calculate Merkelroot: too many transactions, number OFT x set to 32'

Obviously it has something to do with transaction rates but what does it mean exactly - do I have to change anything or is it an issue with ypool?  I still seem to be getting random shares but this message is appearing quite a lot.

Thanks

kw

Hi

Transferred BTC from https://bter.com/signup/16750 and received in desktop wallet within 10 mins.

Other coins have taken longer i.e. Litecoin - 30 mins to confirmation.

Still I wouldn't keep more than a small amount anywhere other than in qt wallet just in case.

BTW don't need to use referral link just go to bter - all my links on a spreadsheet as easier to pick up.


Cheers

kw
 

I see - crypto gambling - similar to spread betting.

I need to have xxxGBP in my account in order to take a position on a share/commodity even though only a deposit is taken out of my account when I place a position.

I think I get where you are coming from now with regard to the lending part.

Presumably the value of a BTS or BitGOLD is 'free' market sentiment?

So just to clarify - person A goes to an exchange and wants to loan 3 BitGOLD. 1 BTS is currently worth 1 BitGOLD so if person B wants to borrow 3 BitGOLD he needs to deposit 6 BTS with the exchange. The lender (A) of the 3 BitGOLD gets 5% interest pa and the Lendee (B) is then taking a position that the value of BitGOLD will rise enough to cover his debt and make a profit.

Question: Will B get any return on his 6 BTS that he has deposited with the exchange and can the exchange lend out the BTS or use it to hedge their own positions?

The exchange gets a fee (profit/tax) and is a DAC in its own right with its own shares etc etc?

Sorry if I am being a pain..

Cheers

kw

Thanks for the response Bytemaster -

So I own GLD PTS which I lend out and receive 5% interest on those GLD PTS.

I do not need to have physical gold at all.  I will buy, mine or trade GLD PTS in order to acquire them and their value will be based on the market value of Gold.

So the market value could be 600 GLD PTS = 1 troy oz of gold

If I lend out 600 GLD PTS I will receive 5% pa for every year they are loaned out and will be paid 30 GLD PTS pa.  The 5% will be paid on the number of GLD PTS I lend out and not on the market value of a GLD PTS compared to physical gold.

On what basis is the GLD PTS created? i.e. A bullion house has 1000 bars and creates a crypto coin called GLD PTS which is then mined, traded, lent etc?

Does the bullion house have to certify their gold holding before creating the GLD PTS.

Could there be several competing GLD PTS i.e. the BOE creates its own GLD PTS (well it could do if we hadn't sold so much of it on the cheap!!) and also the Fed Reserve does the same.  If people have more confidence in the Fed then the value of their GLD PTS is higher in comparison to the BOE one.

I am trying to get to the essence of the Bitshare and using gold as an example.

So if BP wanted to launch their own crypto currency it would be BP OIL PTS and the value would depend on the confidence that the market had in the company.  Does this make Bitshares crypto shares?

I hope I am making some sense - it is difficult to assimilate the information in an area you have only been exploring for a few weeks.

Will we have GUI like cx (see signature below) or IG index (spread betting) where the value of each Bitshare/PTS/ Crypto Coin is updated and can be auto valued against an off cyrpto world currency of your choice or against a revived gold standard.

You can create your own portfolios based on your market interest.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

If my understanding is correct then Invictus is creating a whole future for the world of finance/market capitalisation and money supply.  Will the world need a control currency/commodity or crypto coin as a bench mark for valuation? Does there actually need to be a controlling currency?

The buying,selling, trading,mining transaction fees could be used as an alternative to taxation and allocated to governments - local/national based some form of democratic voting using your Keyhotee ID which will make governments more accountable.  If 60% of the voting public in a country want to see more infrastructure - more of the fee tax goes to infrastructure etc. Corporations would have to pay heed to the voters instead of just lobbying the elected officials because the money they receive will be controlled by the voters.  The elected officials being the civil servant administrators of the public purse.

Anyhow I am now officially waffling so off to feed the dog -

Admin - If this post needs to go elsewhere please move as you see fit.

Cheers

kw

Hi

If you don't want to use any additional software one simple system I read about was to type in your password with additional characters then highlight and remove before clicking enter or type your password in a different order i.e. if your password was krystalwhite - put your cursor in the password box and type 'whi' move the cursor to the front and type in 'kryst' - then to the back and input 'te' - then middle and input 'al'.

You can type part in and cut/paste the rest from a file on a usb stick.

If your password is also protected by an additional key phrase which requires you to input certain characters from the phrase using drop down boxes i.e. characters 2,4,8 and the character required changes.

Finally the other option is an sms (text) number to your mobile/cell phone to input - although this might become a pain if you are using it everyday.

Or you could have an audio word/number to type in each time but this would have to be designed for all languages.

Key loggers with screenshots are the most difficult to get around.

Cheers

kw

Hi All,

Sorry I have not posted back re a flyer for the non technical however I realised that in order to engage people in the ideas generated by Invictus a person needed to have some understanding of what crypto currencies etc offered.

Also lots of off crypto coin world hassles...

Those that are not yet in tune with the crypto currency world are not able to envisage the possibilities therefore it is probably too early to attract this market.

So I have pulled together something to wet peoples appetite to investigate further if the 'market appeals to them.

Hopefully I have encapsulated a micro view of what is on offer to be used as a taster/flyer - if not just ignore me 

If I have misunderstood something let me know...

NB Graphics not added just text;

"Once in a lifetime an opportunity comes along...are you brave enough to join the internet evolution revolution?

Introducing Invictus  Innovations

First came Protoshares (PTS) and  spawned from Protoshares are the Keyhotee ID, DACs and Bitshares
Intrigued...?

So what are Protoshares, Keyhotee IDs, DACs and Bitshares?

Protoshares

In the beginning there were Protoshares, which went live on the 5th November.

Protoshares represent the primordial soup from which the future of the internet is born.

Protoshares can be CPU mined, bought or sold.

Protoshares are the embryonic life of Keyhotee, DACs and Bitshares .

Mined or bought  Protoshares allow you to purchase a Founder's Keyhotee ID - which enables you to be the part of the Genesis. A new beginning.

Protoshares provide you with a share in every DAC (Distributed Autonomous Corporation)

Once Keyhotee goes live on 1st January 2014 you receive a 1:1 Protshare:BitShare.

Keyhotee ID

Keyhotee is your global ID - become a world citizen and enter free space - a place where your reputation counts. Keyhotee provides your email, bank account and chat - protected, encrypted and private.  You deserve your privacy - don't neglect it.

Buy, trade, negotiate and converse through one ID  - dreams can come true.

DACS  (Distributed Autonomous Corporation)

DACs are  corporate entities/organisms that are backed by a crypto currency valued by the supply of goods and services to customers  or miner performance.

The currency or share is used for the DAC to trade settling liabilities, purchasing assets and paying share holder dividends.
A DAC is limited only by the imagination and reputation of the 'organism'.

Bitshares

Bitshares are born from Protoshares. The Bitshare holders receive an equal  split of the BitShares Financial Network profit on a per-share basis.  Mine, buy, trade  or earn Bitshares. The more BitShares you own the more your potential return.  Investment 2.0?

Like all frontier folk we stand looking out over the New World of opportunity - the global community now gazes towards the horizon waiting for the new internet dawn.

Will 2014 be the year? "

Cheers

kw

Thanks John D for your response.

Will now go and do something useful in the off crypto coin world....

cheers

kw