Is this huge buywall from the Dev Team to support the price?
don't think so! To the one holding up the buy wall, remove it and see what the real value is of Rise coin |
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Hi,
Why is the supply higher than the 100m the ICO stated? Where do the rest of those coins come from / is there more coins to be created?
Thanks
Great question! The excess coins are all from forging by the Delegate Nodes. Hope this answers your questions! @Wexfgy12, To elaborate on RiseGal's accurate response to your question, it's the pre-coded rate of inflation in Rise, the block rewards through ' forging' are the incentive to have multiple delegates securing the network. This has been explained in detail in the RISE White Paper. Over the next 5 years RISE has the following rate of inflation: Year 1: 15 RISE per block, 115,768,000 Total coins with 15.77% annual inflation rate Year 2: 12 RISE per block, 128,382,400 Total coins with 10.90% annual inflation rate Year 3: 9 RISE per block, 137,843,200 Total coins with 7.37% annual inflation rate Year 4: 6 RISE per block, 144,150,400 Total coins with 4.58% annual inflation rate Year 5: 3 RISE per block, 147,304,000 Total coins with 2.19% annual inflation rate Year 6+: 0 Rise per block and therefore 0% inflation. At the end of the the fifth year there is 0 block reward and transaction fees alone will sustain the network. This is really unfair, the devs get all the new forged coins now. That means they have 15,768,000 coins the first year combined with the "9 million to be withheld by the development team" make a total of: 24,768,000 coins for the developers!! I calculated the percentages and found out that they then have more then 21% of all the coins!  What happens when you decide to dump a few million coins to raise some cash Your outrageous developers fund makes this coin even worse then the interest and the bonuses that the banks get! |
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Looks like a ghost town here, i would be more concerned when 1M+ $ investment is on the line.
We are supposed to believe that the devs are hard at work programming new features of the coin, without barely any updates?
The delegate stuff takes far too long to fix with so many devs working on it.
I'm starting to question if the devs are even capable to deliver at least one of all the promises on the roadmap?
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looks like the fud boys just went out of business here with a whale supporting the coin.
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when you're posting so much fud, post it on your main account risescamer i'll bet you're a dev from another coin that is disliking the amount of btc rise raised in the ico. but without fud the coin would have a too low profile i guess  Rise looks great, Alty is alot of things but not a scammer |
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Where is jorr btw? Has he bought more coins?  :D:D I sold all my cloak coins today, this is going nowhere, just hype for some nice looking whitepaper without anything to back it up. Keep bailing out the bagholders! |
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Any idea when we will see a wallet build with working PoSA? Keep up the good work cashmen
any idea when i can buy back in? |
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when cashmen release POSA3 wallet, you guys will shut up  why? because after release another pump and dump at best i expect a huge dump, because posa never works Alty also made movies about posa1 and posa2 'working', after huge dump and insider trading all the other bagholders found out it aint trustless and anon. That's were i lost my 15.000 dollar. At least i got the guts to press the sell button on the way down, before losing my total investment! but let's put all those facts aside: let's give a good example that you (the new-cloak-bagholders) can follow. there was some news about posa3 and cloak got pumped from 3K to 20K. Now it's back to 3.5K in no time, confirming the fact that it was another pump and dump, even more bagholders now who bought in at 20K and now lost 80% of invested bitcoin. The volume before the posa3 news was so low, that cloak got almost removed from bittrex. Nobody wants a dying shitcoin!!! POSA = piece of shit anon Stay away from cloak, how many warnings do you want to get??? |
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Lol @ jorrr, why do you keep buying cloak coins if the price is going nowhere? After haven taken a closer look at your history I see that you've "sold" ALL of your cloak coins multiple times. This can only be the case if after having dumped all of your cloak coins you bought some more..... so this leaves me to conclude that, you're either stupid as Fuck  or a fudster with no credibility because you're not telling the truth.  today i sodl all my cloak coin! the price is imploding soon under 1K. Sell your cloak coins also TODAY! |
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This is just a pump and dump coin, Last action confirmed this exactly !
There is no real whitepaper and certainly no POSA3 just fake movies on youtube like POSA1 and POSA2
The thing is with posa that the nodes who process the 'anon' transaction can shut themselves down, trapping all your precious coins in the process.
Who is going to send 10.000 cloak when the transaction can get hang up anywhere? This is just madness!
I'm not even talking about the fact that you can just trace every transaction, making it not anon anymore.
The coin is kept on lifesupport to bail out the whale (cashman) who got played by bigger whales by huge insider trading and promises that were never delivered
I sold all my cloak coins today, soon will be under 1K
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Today i sold all my cloak coin, i'm taking profit from this pump!
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I got to hand it to you this is a nice pump.
Congratulations!
(yes i know this is a positive post... scary right?)
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seriously! you are investing in a dead coin, get out now or get burned a second time!
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I just sold all my cloak coin.
This coin is going nowhere. 'Development' takes ages and lot of empty promises.
Thanks again for your coins... Enjoy the suprise, when cashmen release POSA3 i'll be here celebrating the release of a failed POSA3 and your demise |
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yes and i think that cashmen is not developer but just a huge bagholder |
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I just sold all my cloak coin.
This coin is going nowhere. 'Development' takes ages and lot of empty promises.
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just never go all in |
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An cloak insider told me it's all a myth, they are not working on the coin. Just cashing out every day cloak from big wallet for BTC
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in few days cloak is 10k satoshis, i hope jorrr see this and take new LOAN of 16k USD!
and jorrr pls sell all you coins again HAHAHAHA
Great advice, I just dumped my cloak coins today. This bagholder 'pump' is all fake volume, this coin is dead and you know it. When i type this, BTC is under 300 dollar and falling. Looks like all crypto is dying! Btw i already payed off 4.5K of the 16K loan. GET out NOW!!! I'm now thinking about taking a 10K loan to invest in oil futures, the prices are historic low! |
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Wow you can mine on your client! very impressive.
But seriously this looks like a mess, cloak coins are going all over the place in your wallet.
Glad i sold all my cloak coin.
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