in that 100 days the amount of total coins will go from 4 million to 17 million it is to much, way to much and most of the community agrees.
No, it likely goes from 4 mil to around 25-28m (not including PoS minted coins). and yes, this is way too much. well that's not evan bad that's disastrous...my god we need to change this ASAP |
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in the next 3 months the total amount mined will be 17 if the miners have there way, from 4 to 17 million in 3 months! then pos kicks in for the rest bringing it up to 33 million total, we want to reduce it so not so many coins flood the market, but they are crying and not using there brains
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in that 100 days the amount of total coins will go from 4 million to 17 million it is to much, way to much and most of the community agrees. dark has been out for months what is there total coins in circulation about 4 btc has been out for years what is it's total coins in circulation about 12, we are talking about more coins being mined in the next 3 months then btc has had mined in the last 5 years!! think about it, it is to much.
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without investors btc would be worth....wait for it....nothing.
But what would have happened if BTC was mined over let's say 5 days? Do you really want to invest into such scam? Interesting to think about... Anyway, I will respect the decision to come as well as I respect you mate. i wouldn't care..i dn't mine.. it's the technology im interested in, u don't need miners but you do need investors, and thank you for respecting me, right back at you |
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without investors btc would be worth....wait for it....nothing.
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big coin price catches eyes of big investors that's what we want, go mine something else if you don't think it's fair
Are you not the one trying to change the rules because you think its not fair? both sides come down to money. The only thing that decreasing the number of coins will do is increase the value for people already holding. Which in turn works great for me considering I am at about 15k. But changing the rules as you go is not how it should be. you know what, there are plenty Bitcoin out there already. Why don't we just change that to pos as well? Would increase the value substantially would it not? i want less coins in pow yes, like the other 85% of this community, i hold around 50k and i DO NOT INTEND ON DUMPING but i'm not trying to change anything, DEV gave us the option to decide if we wanted it, and so far 80-85% of the community have voted in favor, as for BTC pos wasn't evan thought of back then and it's far to late for it, but if it did change BTC WOULD BE WORTH 10K now instead of current price. |
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Yes I see it, but nevertheless I don't think it is good for the long term run. For example some investors avoid nxt because they have a distribution problem. I don't know if it is possible to have a richlist for anon coin but still the doubt for an unfair distribution is enough to avoid people. In the next month there will be plenty of anon coins and we have to compete with them. people have the choice. They will not pick a scam coin.
I guess I don't see how how whether mining goes on for 1 day or 1,000 days really effects distribution, either way it is the big multipools who will be getting all the coins. If you want the coin then why not buy it, at this point it's just a few cents a coin, hardly expensive. This gets a +1 from me as well +1 from me as well. Multipools dumping will hurt the price that the first PoS coin with anon wallet deserves. Something needs to be done about the current mining phase / supply cap. If miners want to mine XC, let them do so from a XC multipool -- which will raise the price of XC rather than lower it. - there will be 30m total supply and if this goes to 50k sats, there will be 7.8m market cap = no room to move up. If price runs to 100k sats, people will dump ( because it will need to be 15m market cap when all coins are released to keep this price). = no growth beyond 100k sats, and people will dump the price down once/if it hits 100k. If we change to 7.5m max coins and stop PoW when anon wallet releases. XC at 50k sats will have a market cap of 1.9m = much room for price growth & sustainability well past 200k sats or higher. Do you understand the math behind this guys? Total supply is important. And 30m supply is too much for a coin with anon tech. Then stop the pump and dump, mine and hold, and buy coins from multipool dumpers. Notice only thing being discussed here is price? Not the tech, not the long term prospects or health of the coin, not sticking to the spec laid out in the ANN (which in my view is a signed contract between miners, investors, and the community when mining starts), not what is fair or right. Your only argument is "WE NEED LESS COINS SO PRICE CAN PUMP AS HIGH AS POSSIBLE AS FAST AS POSSIBLE!". Surprise surprise coming from a CINNI dev. Atcsecure, if you cannot see this scam artist for what he is and what he is trying to do, turn your coin into just another pump and dump which you specifically stated you did not want to see happen, you are blind. For the record, I hold 18k XC and am mining it, and am tempted more and more to dump them everyday if this is the direction the coin is taking. No one is pushing for a pump and dump. We, if anything, are pushing to sustain a high value of this coin. I am not saying the total supply has to be 7.5m, I was just going off of Veritas' example. But, I think most of here can agree that the total supply and 100 day distribution phase is way too much, with nearly 80 GH/s net hash, and about 90% of that being multipools + individual mining farms. This will make it so multipools dump to suppress the price and discourage investors, and those few individuals with mining farms / asics will end up with an unbelievably large share. The best way for growth is for people to BUY the coin. And people will buy it if the dev team delivers. People are less likely to buy it if they know for the next 2 months multipools will be dumping into their low-ball buy orders. Come on people, think. I agree.. and I am a miner. But I also work for Cryptsy, and can safely say from experience, that regardless of tech as soon as most coins get listed they get dumped in to oblivion by miners looking for BTC. That being said, miners should absolutely be involved in the initial distribution of a coin. The argument that "they should buy like the rest of us" can just as easily be reversed to "they should mine like the rest of us". For equal and fair distribution to come in to play, anyone should be able to acquire at least a minimal amount of coin. And for a LOT of people, mining on there gaming GPU is their only option. So why should a coin be limited to only those who can afford to invest capital in it? It would be no different than real world markets, where investors with the most money own the market. I do however think there is something to be said for limiting the total amount of PoW minted coins. Miners are going to dump, end of story. My personal electric bill to run my rigs is round about $1000 USD per month. If that isn't investing in something I don't know what is. And many miners have substantially higher bills than I. The trick will be finding a fair and popular consensus among both miners and investors. Not all investors are going to hold and not all miners are going to dump. My $1000 dollar electric bill is no less of an investment than a $1000 wire transfer to Coinbase. So neglecting either demographic would be a wise idea. Frankly, I would vote for decreasing the amount of coins minted via PoW. Either by a decrease on the block reward, or simply shorting the mining period... or both. I will however leave actual hard numbers to wiser folks than I. As I have no idea what a viable "coin cap" would be. exactly what i think cut the number of pow coins down to between 7-10million and halve the block rewards, try to make everyone happy, as hard as that seams to be |
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big coin price catches eyes of big investors that's what we want, go mine something else if you don't think it's fair
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To all bitching about multipools, they exist, we know this, so stop bitching. If multipool miners don't see the value in XC, let them dump and buy it from them. Continue mining and hold.
I am all for a good old pump and dump, made alot off of shit coins.
XC was supposed to be different. XC was supposed to be about fairness, long term growth, new ideas, new technology, organic growth and not manipulated growth.
When it comes down to it, all of this whining is 100% about HIGHEST PRICE NOW IMMEDIATE GRATIFICATION, pump pump, dump dump!
There is literally no other reason to change the reward scheme or mining period.
what's not fair about reducing pow?? ohhh because you can't mine them for practically nothing, now i see what's not fair |
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you could make both happy by lowering pow coins but extending mining period by halving blocks...but miners still won't be happy..bunch of girls they are. i say just lower the coins to between 7 and 10 million and they can just buy..like we had to.
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I'm new here, but I also agree 7.5 million is the way to go.
+1 |
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well i think the verdict is overwhelming, the people have spoken. reduce
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Yes I see it, but nevertheless I don't think it is good for the long term run. For example some investors avoid nxt because they have a distribution problem. I don't know if it is possible to have a richlist for anon coin but still the doubt for an unfair distribution is enough to avoid people. In the next month there will be plenty of anon coins and we have to compete with them. people have the choice. They will not pick a scam coin.
I guess I don't see how how whether mining goes on for 1 day or 1,000 days really effects distribution, either way it is the big multipools who will be getting all the coins. If you want the coin then why not buy it, at this point it's just a few cents a coin, hardly expensive. I agree. Stop the pow at 7.5 million coins. One tenth of blackcoin would be a great selling point to the rarity and value. Stop the pools from selling this coin into the ground. This is why other coins don't have 100day PoW periods. Investors lose confidence with the continued selling by the pools. We should petition the dev cut his premine down to the same percentage of total coins and stop the PoW at 7.5mil coins. +1 and if the miners don't like it..well guess they will have to buy like we all did, so dnt cry if u want this coin put ur hand in your pocket like us. |
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MATE NXT IS 5TH ON MARKETCAP.COM WITH 37+ MILLION DOLLARS, DRK WAS INSTAMINED BY EVAN, PPL STILL BUY, WE ARE ASKING FOR REDUCTION IN POW TO 10M, THTS ALL, AND POSSIBLY BLOCK HALVING SO THE MINERS HAVE LONGER TO MINE
Yes and nxt could go much much higher... Pls release the caps lock. You are obviously not master of your emotions. Nice to discuss with you, but I stay quiet now and watch. Have a nice day. caps wasn't emotion just to lazy to re-type after i noticed i typed it all in caps, nice talking to you 2. |
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excuse the caps i didn't relies they were on and didn't want to type it again
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This board, and all alts, are hopeless. Alts, and has forum, have been overrun by blatant scam artists and spoiled impatient children.
Dev specifically stated he did NOT want this coin to be yet another pump and dump scam.
Now CINNI dev seems to be poking his head in for whatever reason, red flags go off on that one.
Now there is talk of PoW reward reduction, because god forbid anyone needs to wait 3 WHOLE MONTHS for their coin to go to the moon. 3 days is an acceptable amount of time to allow for fair and even distribution of coins these days.
If a coin cannot stand more than a week of PoW (so that it is easy for a small group of people to hoard the majority of the coins and fix the price), then it stands to reason that coin has no real value or else it wouldn't need to resort to such tactics to see price rise.
Now guess what, XC is becoming exactly what atcsecure said it wasn't supposed to be, a pump and dump scam.
Fuck XC, fuck alts and their "communities" (ie, shills waiting to pass their bag along to the next guy at a higher price), I'm out.
Hope the pump and dump goes well for y'all.
Atcsecure hasn't made a decision yet and I think he is feeling pressure here to reduce the POW, I agree that if he sticks to keeping it fair it should stay how it was originally with 100 Days of POW that is an extremely fair distribution and changing it will definitely leave the community open to being called a scam or unfair. Just let him do his thing and release the coin the way it was intended for it to be released. Half the people pumping the price up are just looking to make a quick buck dumping it, A lot of these guys realize that they have pumped the price already up to a level where it is going to get smashed by multipools and they want that quick buck so they want to cut the distribution. XC is already over 3 times more profitable to mine then darkcoin which will keep a supply of coins coming in for new traders and people who have already pumped it looking for a quick buck don't like that. I don't agree with the last part, the Dev so far has done everything he said he would and I still have a lot of respect for him! Everybody knew how long the POW phase was and I don't think the dev should be preassured by P&Ders to cut it short in order for a few to make exorbitant profits. Its already up 2500% in two days isn't that enough??? Cutting the total supply down is good for the coin. 2 more months of minig will greatly hold back the coins growth. We are talking about an anon wallet release here -- this is history and we want to be the first fully PoS coin to have it. If mining goes on for another 2 months (heck, even 1 month), there is likely another coin that will become PoS first to have anon features. This is another reason why the mining period and total supply should be cut. Are you a 5 year old with ADHD? Hold back it's growth? 2500% growth in a few days is not enough growth? 3 months is "way way too much mining" if you only care about the growth of a coin in the short term. Get in and out with your 10000% profit and move onto the next scam. If this coin is legit, if atcsecure is legit, this coin will continue to rise long term. There is ZERO legitimate reason to change the rules now besides satisfying impatient pump and dumpers. Now a HARD FORK is being proposed to drop the amount of PoW blocks. Fucking HARD FORK the coin, because after a week of mining, price has only risen 25x. Change the rules which IMO should be set in stone after the genesis block, because price would be 100x by now if it wasn't for those evil multipools slowing down the pump! If this anonymous feature is legit, this coin will stand on it's own merit and price will rise. But that's why everyone prefers these super fast mining periods and uneven distribution, it is the only way to make a coin rise on nothing but wishes, dreams, and hype. DRK is producing enough new coins every day to require over 140 BTC a day of new investment to maintain the price, yet still rises. Atcsecure, at the end of the day, this is your coin still. You are doing the work. You have been around long enough to see many coins rise and fall. You know that at the end of the day, an extended and fair distribution period is beneficial for developing a deep and wide spread community. I suppose this upsets me simply because I really wanted to believe this was one new coin with a fair and honest dev who was looking into supporting their coin for the long term. It is still your coin, you launched it with a 3 month mining period for a reason. If the whiny children cannot stick it out with you and hold their coins through the 3 month mining period, they do no believe in you or the coin. The first dozen pages of this thread made me want to believe in this coin, the last dozen make me think yep, this is devolving into the same old pump and dump bullshit. IT IS FAIR HE IS LETTING US!! THE COMMUNITY DECIDE NOW SAY I OR DNT UP 2 U. The comunity or better say: the mass is not always the best when it comes to decisions. I myself avoid lemmings. And I think Atcsecure has done a great job up to now and he shouldn't give control away because some people have dollar signs in their eyes. im in this for the long run mate, but reducing pow to 10m and halving blocks so mining goes on for longer is good for everyone, see that big price rise? that happend when news hit the troll box at polo that this was on the table, the people want it!! give the people what they want. Yes I see it, but nevertheless I don't think it is good for the long term run. For example some investors avoid nxt because they have a distribution problem. I don't know if it is possible to have a richlist for anon coin but still the doubt for an unfair distribution is enough to avoid people. In the next month there will be plenty of anon coins and we have to compete with them. people have the choice. They will not pick a scam coin. MATE NXT IS 5TH ON MARKETCAP.COM WITH 37+ MILLION DOLLARS, DRK WAS INSTAMINED BY EVAN, PPL STILL BUY, WE ARE ASKING FOR REDUCTION IN POW TO 10M, THTS ALL, AND POSSIBLY BLOCK HALVING SO THE MINERS HAVE LONGER TO MINE |
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This board, and all alts, are hopeless. Alts, and has forum, have been overrun by blatant scam artists and spoiled impatient children.
Dev specifically stated he did NOT want this coin to be yet another pump and dump scam.
Now CINNI dev seems to be poking his head in for whatever reason, red flags go off on that one.
Now there is talk of PoW reward reduction, because god forbid anyone needs to wait 3 WHOLE MONTHS for their coin to go to the moon. 3 days is an acceptable amount of time to allow for fair and even distribution of coins these days.
If a coin cannot stand more than a week of PoW (so that it is easy for a small group of people to hoard the majority of the coins and fix the price), then it stands to reason that coin has no real value or else it wouldn't need to resort to such tactics to see price rise.
Now guess what, XC is becoming exactly what atcsecure said it wasn't supposed to be, a pump and dump scam.
Fuck XC, fuck alts and their "communities" (ie, shills waiting to pass their bag along to the next guy at a higher price), I'm out.
Hope the pump and dump goes well for y'all.
Atcsecure hasn't made a decision yet and I think he is feeling pressure here to reduce the POW, I agree that if he sticks to keeping it fair it should stay how it was originally with 100 Days of POW that is an extremely fair distribution and changing it will definitely leave the community open to being called a scam or unfair. Just let him do his thing and release the coin the way it was intended for it to be released. Half the people pumping the price up are just looking to make a quick buck dumping it, A lot of these guys realize that they have pumped the price already up to a level where it is going to get smashed by multipools and they want that quick buck so they want to cut the distribution. XC is already over 3 times more profitable to mine then darkcoin which will keep a supply of coins coming in for new traders and people who have already pumped it looking for a quick buck don't like that. I don't agree with the last part, the Dev so far has done everything he said he would and I still have a lot of respect for him! Everybody knew how long the POW phase was and I don't think the dev should be preassured by P&Ders to cut it short in order for a few to make exorbitant profits. Its already up 2500% in two days isn't that enough??? Cutting the total supply down is good for the coin. 2 more months of minig will greatly hold back the coins growth. We are talking about an anon wallet release here -- this is history and we want to be the first fully PoS coin to have it. If mining goes on for another 2 months (heck, even 1 month), there is likely another coin that will become PoS first to have anon features. This is another reason why the mining period and total supply should be cut. Are you a 5 year old with ADHD? Hold back it's growth? 2500% growth in a few days is not enough growth? 3 months is "way way too much mining" if you only care about the growth of a coin in the short term. Get in and out with your 10000% profit and move onto the next scam. If this coin is legit, if atcsecure is legit, this coin will continue to rise long term. There is ZERO legitimate reason to change the rules now besides satisfying impatient pump and dumpers. Now a HARD FORK is being proposed to drop the amount of PoW blocks. Fucking HARD FORK the coin, because after a week of mining, price has only risen 25x. Change the rules which IMO should be set in stone after the genesis block, because price would be 100x by now if it wasn't for those evil multipools slowing down the pump! If this anonymous feature is legit, this coin will stand on it's own merit and price will rise. But that's why everyone prefers these super fast mining periods and uneven distribution, it is the only way to make a coin rise on nothing but wishes, dreams, and hype. DRK is producing enough new coins every day to require over 140 BTC a day of new investment to maintain the price, yet still rises. Atcsecure, at the end of the day, this is your coin still. You are doing the work. You have been around long enough to see many coins rise and fall. You know that at the end of the day, an extended and fair distribution period is beneficial for developing a deep and wide spread community. I suppose this upsets me simply because I really wanted to believe this was one new coin with a fair and honest dev who was looking into supporting their coin for the long term. It is still your coin, you launched it with a 3 month mining period for a reason. If the whiny children cannot stick it out with you and hold their coins through the 3 month mining period, they do no believe in you or the coin. The first dozen pages of this thread made me want to believe in this coin, the last dozen make me think yep, this is devolving into the same old pump and dump bullshit. IT IS FAIR HE IS LETTING US!! THE COMMUNITY DECIDE NOW SAY I OR DNT UP 2 U. The comunity or better say: the mass is not always the best when it comes to decisions. I myself avoid lemmings. And I think Atcsecure has done a great job up to now and he shouldn't give control away because some people have dollar signs in their eyes. im in this for the long run mate, but reducing pow to 10m and halving blocks so mining goes on for longer is good for everyone, see that big price rise? that happend when news hit the troll box at polo that this was on the table, the people want it!! give the people what they want. |
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I would keep the name as is. X11Coin / XC.
Keep in mind, Bitmonero and Monero are terrible names. Most good names are taken, I fear for what people might come up with now that I am invested. Darkcoin was originally X-coin, so, it makes sense.
I think we decided o just XC not X11 but i agree |
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This board, and all alts, are hopeless. Alts, and has forum, have been overrun by blatant scam artists and spoiled impatient children.
Dev specifically stated he did NOT want this coin to be yet another pump and dump scam.
Now CINNI dev seems to be poking his head in for whatever reason, red flags go off on that one.
Now there is talk of PoW reward reduction, because god forbid anyone needs to wait 3 WHOLE MONTHS for their coin to go to the moon. 3 days is an acceptable amount of time to allow for fair and even distribution of coins these days.
If a coin cannot stand more than a week of PoW (so that it is easy for a small group of people to hoard the majority of the coins and fix the price), then it stands to reason that coin has no real value or else it wouldn't need to resort to such tactics to see price rise.
Now guess what, XC is becoming exactly what atcsecure said it wasn't supposed to be, a pump and dump scam.
Fuck XC, fuck alts and their "communities" (ie, shills waiting to pass their bag along to the next guy at a higher price), I'm out.
Hope the pump and dump goes well for y'all.
Atcsecure hasn't made a decision yet and I think he is feeling pressure here to reduce the POW, I agree that if he sticks to keeping it fair it should stay how it was originally with 100 Days of POW that is an extremely fair distribution and changing it will definitely leave the community open to being called a scam or unfair. Just let him do his thing and release the coin the way it was intended for it to be released. Half the people pumping the price up are just looking to make a quick buck dumping it, A lot of these guys realize that they have pumped the price already up to a level where it is going to get smashed by multipools and they want that quick buck so they want to cut the distribution. XC is already over 3 times more profitable to mine then darkcoin which will keep a supply of coins coming in for new traders and people who have already pumped it looking for a quick buck don't like that. I don't agree with the last part, the Dev so far has done everything he said he would and I still have a lot of respect for him! Everybody knew how long the POW phase was and I don't think the dev should be preassured by P&Ders to cut it short in order for a few to make exorbitant profits. Its already up 2500% in two days isn't that enough??? Cutting the total supply down is good for the coin. 2 more months of minig will greatly hold back the coins growth. We are talking about an anon wallet release here -- this is history and we want to be the first fully PoS coin to have it. If mining goes on for another 2 months (heck, even 1 month), there is likely another coin that will become PoS first to have anon features. This is another reason why the mining period and total supply should be cut. Are you a 5 year old with ADHD? Hold back it's growth? 2500% growth in a few days is not enough growth? 3 months is "way way too much mining" if you only care about the growth of a coin in the short term. Get in and out with your 10000% profit and move onto the next scam. If this coin is legit, if atcsecure is legit, this coin will continue to rise long term. There is ZERO legitimate reason to change the rules now besides satisfying impatient pump and dumpers. Now a HARD FORK is being proposed to drop the amount of PoW blocks. Fucking HARD FORK the coin, because after a week of mining, price has only risen 25x. Change the rules which IMO should be set in stone after the genesis block, because price would be 100x by now if it wasn't for those evil multipools slowing down the pump! If this anonymous feature is legit, this coin will stand on it's own merit and price will rise. But that's why everyone prefers these super fast mining periods and uneven distribution, it is the only way to make a coin rise on nothing but wishes, dreams, and hype. DRK is producing enough new coins every day to require over 140 BTC a day of new investment to maintain the price, yet still rises. Atcsecure, at the end of the day, this is your coin still. You are doing the work. You have been around long enough to see many coins rise and fall. You know that at the end of the day, an extended and fair distribution period is beneficial for developing a deep and wide spread community. I suppose this upsets me simply because I really wanted to believe this was one new coin with a fair and honest dev who was looking into supporting their coin for the long term. It is still your coin, you launched it with a 3 month mining period for a reason. If the whiny children cannot stick it out with you and hold their coins through the 3 month mining period, they do no believe in you or the coin. The first dozen pages of this thread made me want to believe in this coin, the last dozen make me think yep, this is devolving into the same old pump and dump bullshit. IT IS FAIR HE IS LETTING US!! THE COMMUNITY DECIDE NOW SAY I OR DNT UP 2 U. |
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if you vote for reduction of coins to 10m pow and halving of pow blocks so mining can go for another 200 days say I!!!
Any reduction to limit the multipool from killing this coin will be good.... well say I!! |
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