Yes indeed, this is a great time to invest, as price and difficulties are super low. The fundamentals of TEK have never been better.

 It is, however, a fact that TEK is a niche coin and we roll with the price of bitcoin. And I predict another wave of interest as central banks around the world come under increasing criticism for what I can only describe as lunacy monetary policy. People of all nations will be seeking safety from their inflated national currencies. That should bring a lot of new eyes on enduring cryptos like TEK. We just have to keep spreading the gospel. Cheers.

Great link.
I used the term 'gospel' ironically because it really takes a leap of faith to believe in the current system, as there is nothing but blind trust backing it. For most people I talk with, it's the only thing that has ever been taught to them, the only system they know, so there is this inherent fear and distrust of alternatives. And it doesn't help that we are constantly bombarded propaganda by the media, governments, and the rich with vested interests. It does take a bold and inquisitive mind to question the status quo. More so to act against it.

But every day, by no fault of their own, more and more people cross to the losing side of this system. This is the catalyst for change, the red-pill moment if you will, when people wake up and begin to question the system and who most benefits from it. We can only welcome them.

Hi Biomech, if you can find the time could you please expand on this: "I also think they need to be a) decoupled from bitcoin".

This too, "I'm working on the first part".

The second part, part b) is about promotion, who is the target audience?

I think the ideal target audience is Joe Public but that is a very big audience and needs helpers, a plan, as well as money to make it work, but not impossible, there are ways to do both and self fund.

I think there is another issue that comes before the other two that you have identified perhaps.

Joe Public needs to be able to get his hands on coins easily, Joe Public it seems to me doesn't mind spending $10 or $20 on something so long as Joe can do it easily.

Figuring out how to buy BITcoin, then going through the process of buying it, then going through the process of building wallets, then going through the process of exchanging it for the coin of your choice, will just not cut it with Joe, he wants it all now, instantly, perhaps that is what you mean by "I also think they need to be a) decoupled from bitcoin"?

Um, I don't know?

Thanks. 

Regrettably I had to take the pool down. The machine it is on has a failed memory Dimm.
I will be replacing that memory in the morning when I can get to the data center.

Apologies to anyone inconvienced.

Bob.

Sure. Right now just about all alt coins trade against bitcoin, which bolsters bitcoin, but not really the coins themselves. They need more outlets, fiat, goods and services, even trade against other alts. Some headway has been made in a half-hearted way against a couple of alts, and almost none with regard to fiat. Easy interchangeability, whatever your political viewpoing, is an absolute necessity to the success of any currency, digital or otherwise, unless it's just among a small, select community. In that case, it has little utility.

As for "I'm working on the first part": I work under a rather restrictive NDA, but go here: www.incryptex.com There will be a lot more information forthcoming in the near future. Without permission, I can't say much more than that. But we're all crypto believers, and we have the backing to make things happen. But with the failures and just plain sloppiness that abound in the crypto world, we're being very, VERY careful to get it right the first time.


Yeah, that's part of it. As a matter of technical truth, Bitcoin and alts settle and are finalized in minutes to hours, whereas fiat monies generally take seven to fourteen days. But your Joe don't know that, because his VISA works right now (apparently, if not in reality). Alts (and bitcoin) need that level of interactivity in order to get widespread general adoption. And yes, I realize that this means you will have to trust certain parties to some extent to handle your transactions. Banks are not in and of themselves egregious, but the modern banking system is built on a house of cards with a foundation of air backed by the full faith and credit of known liars. A banking system using bitcoin or alts or some combination thereof would not be able to use fractional reserves without being caught out nearly instantly, and could be rather seriously held to account if they tried. These are some of the things that need to happen in order for cryptos to get out of the hands of the enthusiast and into the hands of Joe Sixpack. Without some sort of instant settlements system like VISA, the average guy is not going to be able to go to Starbucks and get a latte. Until that is available, it will remain more abstract and fail to gain traction. BTC is making moves in this direction already, but the alt community, for the most part, is happy with trading solely for bitcoin, which then gets traded for fiat, goods and services, etc. BTC has built a fairly good beginning economy. Alts have not. This has less to do with technical issues than it does with the attitudes of the communities involved. BTC has the first mover advantage, and most alt traders see alt coins as simply a vehicle to gain BTC. So long as that remains the case, the coins will always be "also ran" even though on merit, a great many alts beat the living fuck out of Bitcoin.


Have a look at what I said to dollux, because I suspect we're already on the same page for the most part. The company I work for is in Canada, and it's founders believe much as you do. I live in the US, unfortunately, and I'm watching it turn into the Fourth Reich with a growing feeling of helplessness. It is my goal to get my savings, such as it is, out of dollars, but right now it's simply impossible to do so with BTC. But if I could buy and trade with a basket of alts, such as TEK and HYP which grow in size if not value, then I think I would have a good hedge.

I'm glad you found the global link I knew about it ten days before it happened, but couldn't say so. As to the rest, especially your last lines, it bugs the hell out of me how complacent people are. I am a history buff, and I frankly did not believe the stories of how Germans in the late '30s simply did not notice what the Nazi's were doing. Now I do. I see it all around me. The United States has become a rather open police state in my adult lifetime. I am 46, and the country I was born in no longer exists. It's disgusting, frightening, and seems unstoppable. This is not the world I want for my children. I think the Crypto movement is a good mitigation, but I don't think it fast enough to turn things around. However, it will be a structure in place for those who have to pick up the pieces when the house of cards falls down. The world is frankly too interconnected and complex to go back to a pure gold standard. But cryptos are close enough to work.

http://thepool.pw/TEK/


Before that they posted something about moving their paouts to every 2-3 days or so because of the cost to operate.

I moved my hash from there the minute they said something about anything... As soon as you see a "We're having problems..." post... you need to get out.

I have been mining the pool since it opened and have not had any issues in getting coins, the last 18 days between 80 to a 100+ a day, with an S1 AntMiner 180gh.

I am not happy about this below but don't see that there is much can be done about it, also it seems they are not the only ones shutting up shop.


 

With any luck I will have altcoinpool running again in a few days. The VM machine it is on got real sick and work has kept me from getting it relocated to another machine.
Then people will have a place to mine tek again.
Im not in it for the money like thepool, Im just doing it for fun and the community

Money is the problem.

I don't know if I can explain what I mean well to be honest and try to avoid it when possible, at some point in my life about 30 years ago I realized through having a conversation with somebody about banks, that the banks control everything and if they do then our reality is false, money changes everything and is a false reality.

The money system is wholly built on confidence, as we know it has no value, only the confidence that others and ourselves put into it, so what the fuck are we doing here?

We are systematically devouring all of our resources in order to create money to sustain our lives so we can buy endless amounts of unnecessary goods that are made to fail so we can buy more and keep the money go round going for what? They call that economy and really need to take a good look at what the word economy actually means, careful management, mountains of waste does not constitute careful management to me. Cyclical consumption and endless waste does not constitute any kind of careful management to me, and the economy is not only about money but money is the only thing that is being carefully managed.

Almost everything that humans do in the workplace can be automated with task orientated robots and we are more than capable of building such things, if we stopped competing with each other and worked together against the real foe which is nature and focused our attentions on getting to a harmony with it as means of improving the situation for everything we would be so much better off. You have got something I want, you must have because why am I bothering with you and the same can be said of you, why bother asking questions, are we not bartering in some kind of knowledge trade off, without conflict or competition, with no money involved. So why do we bother with money when we can barter, is it because it is more difficult to barter, I don't think it is, not at this stage of human technological development.

The world is capable of providing all the basic ingredients needed to sustain human life for the population of the whole world and we are capable of harnessing it for free for many years to come but we are not doing it, what the fucks going on there, why aren't we doing it? Is it because some plonker wants to be king of the castle, because some bastard wants to corner the market on power, is that really sane thinking, aren't there hundreds of people like that locked up for the safety of themselves and others?     The only real drawback is money, it changes everything.

We are more than capable of managing everything to a finite degree of efficiency that could be universal to everybody for free yet we don't because we either don't really live in a reality or as a species we are insane.

The human race is capable of redesigning everything so that machines do all the work if we put our minds to it, this would leave us to expand the realms of our creativity which is the essence of the universe to create, recreate, reconfigure and expand, at one with nature like gods, creators in the engine of creation.

Instead I have to live on the planet doom with a load of twat's hell bent on destruction.

It could be that the banks don't really create housing bubbles because there is more money in it, perhaps they don't really starve industry of finance because it doesn't make as much money as houses, it could be because they know that really we don't need money at all, industry can and will be replaced by machines so if they starve industry of money that process gets slowed down and just keeps this false reality going, because they are stuck in it too and fearful of the unknown.

You must have realized years ago that industry will eat it's self, machines will replace human beings in the workplace because they are more efficient and economical, you only need to look at military automation to know the working game is over and perhaps it's just being held back because people don't really know what to do about it because it's based on a false reality called money and we just steped out of known history into the unknown.

Anyway watch the video below it will explaine things far better than I can. 

https://www.youtube.com/watch?v=0SuGRgdJA_c