Keiser Report: Rid the Bankster Parasite!

n this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss peer to peer and decentralised systems, an idea whose time has come, thus, making them stronger than all the armies in the world. In the second half, Max interviews Nick Lambert and David Irvine of MaidSafe about their new company and currency, SafeCoin.

I thought I would make a quick post here to collect together some information about a few of the various infrastructure projects completed and currently underway within the maxcoin ecosystem, along with details of some additional third-party service agreements that are helping to increase the utility and promote adoption of maxcoin in the medium-long term.  Bear in mind, this is an incomplete list of the work that is currently being undertaken by the community, but I have tried to cover as many of the most relevant developments of interest to the wider community. The bullet points below merely scratch the surface of the work currently taking place.  If you have any comments to add, or if I have left anything important out, please post and discuss!

1. BitXATM have announced that they will be launching 1,000 ATMs in the US, all of which will be capable of transacting in MaxCoin. They will also have PoS devices for point of sale purchases. Not many other altcoins can make that claim. This potentially will increase the real world utility of maxcoin in day-day use by making adoption by bricks and mortar businesses as easy as possible.

2. The MaxCoin Silver Cryptobullion project on StartJOIN raised over $100,000 in crowdfunding capital in under two weeks with the aim of manufacturing a physical silver MaxCoin. The demand seen for this was huge, demonstrating how much support there is from this community to fund worthwhile projects.

3. The MaxCoin Power Mining project is attempting to create an FPGA that supports keccak for the purposes of mining maxcoin. It has raised almost $20,000 in funding and is currently seeking qualified VHDL programmers to assist with creating a working SHA3 implementation interfaced with cgminer. 

4. A brand new MAX/BTC market was launched on Bittrex.com, the largest and most well known AltCoin exchange. In less than 24 hours after going live, the Bittrex market surged ahead of Cryptsy to become the 2nd largest maxcoin market by daily trade volume. 

5. Work is underway on a MaxCoin Android Wallet to enable MAX transactions on your Smartphone.

6. The TXTCoinsNow project on StartJOIN is aiming to enable payments in MaxCoin via SMS without the need for a computer, a smartphone or even an internet connection. This project aims to bring max to the unbanked people of the world who do not have the privilege of owning expensive computing hardware. All that is needed is any regular phone to send and receive payments in maxcoin.

7. StartJOIN have confirmed that MaxCOIN will be accepted on their platform in the coming weeks for the purpose of making pledges towards crowdfunding projects. StartJOIN is one of the few serious crowdfunding platforms embracing cryptocurrencies and is aiming to be a large player in the crowdfunding market in the coming months and years. This gives maxcoin a unique use case, as no other crowdfunding platform has yet embraced a cryptocurrency other than bitcoin.

8. MaxCoin is currently in the process of being integrated into the NXT multigateway decentralised exchange. Yes, that's right. A decentralised MaxCoin exchange! You can learn more about the NXT multigateway on their website.

9. After the launch of MaxCoin in February, a single mining pool controlled a dominant share of the network hashrate for a significant amount of time. However, during that period, no 51% attacks on the blockchain were attempted. The mining community have however finally addressed the issue, such that no single pool now controls >51% of the MaxCoin network.

10. A paper wallet generator has been created to enable secure, long-term cold storage of maxcoin.

11. A MaxCoin News site has been established at maxcoinnews.net.

12. MaxBay.eu is an auction site currently in development that allows you sell your old stuff for MaxCoin.

13. The core wallet software has been updated on GitHub with built-in QR code support.

14. A secure web-wallet implementation is approximately 80% complete.

15. A minikey format has been implemented to create compact maxcoin private keys - GUI under development.

16. Work has been completed on a MaxCoin brain-wallet generator - GUI under development.

17. MaxCoin compatible versions of BitcoinJS and Bitcoin-abe are being being ported and are nearing completion.

London's Iconic O2 Venue to Host Bitcoin Fight Night

www.coindesk.com

Some 18 fighters from across Europe, plus Max Keiser, are taking part in the Bitcoin Fight Night this Saturday.

A number of kickboxers will go head-to-head in London’s iconic O2 venue on Saturday (5th April), fighting for a prize of £5,000 in bitcoin.

Keiser Report: Spider's Web of Debt

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss financial ear wax and collateral the size of a spider's egg. In the second half, Max interviews Chris Whalen, an investment banker and the author of a new book, "Financial Stability: Fraud, Confidence & The Wealth of Nations," about a financial system replete with fraud and how what is happening in Detroit relates to fraudulent derivatives.

We can't wait around for all banksters to commit suicide (5 in 2 weeks; not fast enough) thank @bitchrist we have #maxcoin to f*** them up

— Max Keiser (@maxkeiser)

February 14, 2014

The Next Altcoin To Hit $20 Million?

www.benzinga.com

MaxCoin, the new crypto currency founded by Max Keiser will launch on February 5 and it has a good chance of crossing $20 million in market cap its first month of mining. With...

MaxCoin (MAX) An alternative cryptocurrency disrupting the already rather disrupting crypto market. Quick Technical Specifications BTC Scrypt or SHA-256? Keccak (SHA-3) BTC How many coins? 250,000,000 BTC Block reward? 96 MaxCoin per block, halving every ~12 months BTC Difficulty? Retargeting using Kimoto Gravity Well algorithm. BTC Block time? 30 seconds A Larger Paragraph Or Two Of Information That Takes Longer To Read One of the most important things for MaxCoin is to achieve a fair launch. In the current world of 100-alts-per day achieving a fair distribution at launch seems like a rare occasion. MaxCoin will have a zero % premine, proven by the timestamps of the first blocks in a block explorer, and we have attempted to combat low-difficulty instamining with a fast retarget rate up until block 200. At block 200 the Kimoto Gravity Well implementation will take over the retargeting. You can read more about KGW and it's benefits against pool hopping issues (such as coins stuck in high difficulty) here. After we filmed the show we decided releasing the coin binaries and source at show's airing in our timezone would be unfairly beneficial to those also in our timezone, and those that live elsewhere or had simply yet not heard about the coin would be disadvantaged. For this reason we want to set a hard deadline for the release of the MaxCoin clients as 7.30PM GMT on Wednesday 5th February 2014 to allow the news of the coin's launch to spread, and to provide a fair chance for everybody to prepare and mine at official start time. This also afford you enough time to prepare yourself for mining without waiting with idle machines, or if you're not a miner to learn about it in time to to join in mining MaxCoin. Keccak is of the SHA-3 family, winning a 5-year long competition to create the successor or an alternative to SHA-2 (Bitcoin uses SHA-256, a member of this SHA-2 family). You can read more about the SHA-3 family in relation to Bitcoin in the Bitcoin Wiki under Future Hash and you can read more about the hashing algorithm Keccak here. You pronounce Keccak like "Ketchup". We're working on having a lot of services ready for launch. Some are ready and some are longer term goals. These include a branded block explorer, mining pools, exchanges, faucets, wallet apps for phone, web wallets, bitcoinwisdom style charting, a fiat/max exchange and a max-payment processing system (which will be added as a payment method for StartJOIN's crowdfunding as soon as it is functional). We are also working on some less-basic altcoin things and features we'd love to see implemented in Bitcoin - a testing ground. Information for these will come out as progress occurs as this is very much a research driven aspect of the coin's implementation. For service-related talk addressable in the lead up to code release section below q/a.

Tl;dr - SHA-3 coin. Launches 7.30PM GMT on Wednesday 5th February 2014. More info to be seeded out via @MaxCoinProject. Not a fork of dogecoin.

Max Keiser Interviews Bill Still on Cryptocurrency & QuarkCoin

rt.com

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss factory-farmed citizen consumers who live in mom’s basement, dragging the economy down with them. They also discuss the monoculture of housing bubbles and high interest rate loans in the workplace. In the second half, Max interviews Bill Still about his conversion to crypto-currencies and what role of the NSA spying scandal played in his decision.

Keiser Report: Deadly Money Printing Sins

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss confessions and corruption, back doors and austerity.

They look at Mark Carney's claim that house prices are rising because of expectations of higher wages and at David Cameron's calls for permanent austerity for the non-corporate class.

Max suggests QE is being used not only to keep TBTF banks afloat but to keep whole bankers that would otherwise be vivisected.

In the second half, Max interviews Cody Wilson about living in a trifecta of disruptive technologies as a citizen of the future in which bitcoin means a thousand silk roads and fanfare for the common man.