But an "anonymous new poster" can do a lot of damage if people start reposting what he said. Darkcoin is in a good position to just laugh it off right now, but what if people start taking this person seriously?
If people start taking that person seriously, then they have brain damage. I wouldn't worry about it. |
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I like both ShareXcoin.com and Allcoin.com ... both just need more liquidity.... doing what I can personally .. I have roughly 15-20 orders open/trading through out the day(s) on those exchanges  Voted again on allcoin https://www.allcoin.com/voteShareX isn't that bad, surprisingly. But as stated, it needs more volume. |
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I think DCM will sell out, I don't want to be too optimistic but I have a good feeling about this, as for the IPO, it was launched at 12:30pm EST so just under 12 hours ago.
So not a full 24hrs yet... yeah, it has a chance. I recall XBC not selling out until the last day, then it was like a mad rush. XLC and LCL sold out in an opposite fashion, superfast (didn't even know about LCL until it was over). But they all had many less coins than DCM does. And I guess Mil will sell out sometime in 2015. I am not entirely sure it was a great idea to use dev members from XBC over here, as people will assume the worst. I expect many people are already utterly confused over the whole XLC/XBCPlus dev stuff as it is. |
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I didn't keep track, but was this ipo open all day? Just wondering how ipo sales will go. Although I expect it'll be impossible to make an accurate prediction regardless.
If the coin sells out quickly, then it's a good indicator that investors should at least receive a short term profit.
If the coin doesn't come close to selling out, yet shows some decent interest, it still could show a profit due to the remainder of the coins being destroyed.
Where it would get iffy and worrisome, is if the coin comes close to selling out, but doesn't. That means there aren't enough coins to destroy to increase value, nor enough buyers left to really sell to.
Guess we'll find out in a couple of days. Although if everyone thinks like me, we'll all be waiting for that last day to make a decision.
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Noble Coin currently, amongst the alts, as it has an actual marketplace. You can buy just about anything with it, indirectly through amazon, newegg, and soon gold and silver directly.
I appreciate this, Thank You for this statement, Makes Sense to me, there is one that Could do It, but was Noble Coin ever working to be traded for everyday goods and services? I feel like Noble was more of a collectors coin? It makes sense, It is one of the better coins that I have heard, it at least denotes some sort of humble quality,.. It can be used for most goods, if not directly, then indirectly. Looking at what they have now: Amazon gcs, and Amazon sells everything, Newegg gift cards, Xbox memberships, valve/steam products, some random other things, and soon precious metals directly from the marketplace. So I'd say it can be used for everyday items. Nope, it's not a collector's coin. I'm not even entirely sure what that means, to be honest. I do agree that most coins don't even pretend to be used as a currency, now or in the future. I think many here don't even care, strangely enough. |
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Noble Coin currently, amongst the alts, as it has an actual marketplace. You can buy just about anything with it, indirectly through amazon, newegg, and soon gold and silver directly.
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I am no sucker, and I ONLY buy coins when I am 90+ percent sure they will be worth more in a few days, and I spent 2.2 btc on this one. it is cheap, but i don't think it can get much cheaper than it is right now (2-3 range)
thanks for the insight, but I must wonder, if you don't think this coin has value, why are you here, posting long paragraphs like this? =)
<3
I was simply answering the other poster in regard to why the coin dumped. I didn't say the coin held no value, just that the dev hasn't exactly been the most active here, at least for most of the coin's history. The fact the coins were given away for free leads to dumps. Perhaps he'll be more active now that it's on MP. And if so, I did say the coin could go up in value. What it does from now... we'll see. I think a lot of that depends on the dev. |
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I don't think he was side stepping, just real busy. The dev team is taking none of the IPO funds for themselves (other then small operating costs incurred, web hosting, domains, ect), all the funds raised will go directly into furthering the coin. The funds will be used for vendor adoption, marketing, new innovation, promotion, ect ect ect. At this point we don't believe we'll need to buy votes to get on an exchange. This team has many friends and I'm sure we'll make it to them organically. If you look into the IPO, were on track to sell over 300 BTC if we had an infinite amount of DCM, which we don't. Just a sell out will create the buzz needed to gain a spot on some of the majors. As for the buy support, we are putting a portion of the IPO funds aside for that purpose, although I don't believe we'll need to use that much as we'll be mining at the MP which will drive up the price, but we will have BTC to help if needed. In regards to the vendors, we already have a few lined up. All this information will be released shortly. I personally like how Noble has gained merchant adoption and we hope to attain the same success in the respect. Our marketplace will also help on that aspect of vendor adoption. Also, our team is superstar packed with connections made along the years.  Hope this answers all your questions. Thanks for the info. So to be straight, if you guys get 100+ btc out of this, you plan to put 100 btc into the coin and not take any for yourselves? I think I would have preferred hearing you guys were taking at least some, as it would sound a bit more realistic. And in the situation where the coin doesn't make it to MP/Crypsty organically, is that a yes or no on using funds to buy votes? You can't guarantee a placement based on how ipo funds are selling. Look at LCL or XLC... they sold out fast. And unless one of them now buys their way onto a larger exchange, I really doubt either will get there 'organically'. XBC has a shot using regular voting, but it may take a while due to not having ipo funds. If you do plan to use some funds for buy support, it could be useful to many here to know ahead of time what sort of buy wall you may even consider. It'd also be useful to have some vendor information before the ipo is over. Nobody would like to spend money on the ipo, and find out a week later that the vendor is some guy who makes stickers (which actually was one of mazacoin's 'vendors'). |
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my prediction is a big miss, no pump just dump and dump
i don't know what's going on why people sell at low price
but i think it is a good time to buy
My impression, which may turn out to be incorrect, was this was a perfect coin to sell on the rumor, but not the actual news. Meaning the best time to sell was 1-3 days ago. The problem was for most of this coin's existence there hasn't exactly been much of a dev presence. It was sort of here is your freebie coin, let's vote to get it on MP, and that's about it. Anytime people are given coins for free, they dump. It's just a matter of when they'll dump. I expect many dumped a long time ago, and perhaps bought in again cheaper. And primarily just in anticipation of dumping once more after it hit MP. So that's why it's dump and dump... That said, if the dev becomes active and adds some value to the coin based on that activity, sure, it could get to a decent level. Usually coins pump when there aren't a ton of people waiting to dump, so some patience may be required. Again, just my observation. I could be completely wrong and it pumps tomorrow... nobody knows for certain. |
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Thank you, for your compliment, I think you and I have followed similar coins in the past as I recognize your name Digital Commerce has a strong focus on investors and very aggressive approach to real world adoption. I will not put down any other coin, I was a part of XBC for the first couple weeks until DCM took too much of my time to complete. dCom will be funded properly with the IPO proceeds. Also, our team is hand-picked to include experienced professionals. I'll be honest the multi-vendor support we are delivering is VERY expensive. In all honestly, we're similar, but have a better starting position due to funding and the fact that we have a working wallet and a completely full time team. My contacts in crypto and online retail are going to help play a key role to our success, the old saying "it's not what you know it's who you know", applies heavily here. As for the anon we will be releasing a statement regarding our talks with several security and cryptography experts. What we see as "anon"" now inherently is still centralized and we will detail this further in the future. The IPO funds will be held until wallet launch etc. It would be too much to ask Bill at Bittrex every time one of us needed to fund a service for our community so please understand that aspect is just not feasible. Our OP has this information regarding buy support which will come in the form of our multipool as well as using a portion of the IPO funds to support it. We've seen this method used with other coins in the past and realistically there is no way to completely protect any of us from the malicious tactics some traders use in crypto, this does not mean we won't try though. Thanks for the reply. You sort of sidestepped a couple of questions though... What percentage of the ipo funds will go towards the developers, and how much will be put towards the coin itself? Will you be willing to use ipo money to buy votes on MP/Cryptsy? Substantial votes, I mean. And I take it by the lack of a response, that a buy wall after the coin hits the market won't be considered? I simply mean a buy wall where the devs are willing to buy back a certain amount of coins at ipo prices, in case things turn sour quickly. It's a bit of a safety net for investors. Can you name any of these vendors you have an 'in' with? I do feel merchant acceptance is very important for cryptos, but at the same time it may not be as important to many here as we would like to think. The coin with the best marketplace (overlooking btc) is probably Noble Coin. You can get Amazon/NewEgg gift cards, you can order physical items, and soon even gold/silver. Yet most people probably overlook it completely, and it certainly hasn't helped the coin's price much (at least as of yet). |
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I have to say this is certainly better than the mil ipo, but I have some general questions. I'm on the fence to even bother with this or not, but it will depend a bit on how the numbers shape up near the end of the ipo period.
First off, what is the big differentiating factor between something like this coin, and XBC? Basically they seem more or less the same, except DCM will most likely have many more max coins.
What percentage of the ipo money will be going back to the coin itself? I am sure the devs will take a cut, but how big a cut? Would Bittrex agree to holding the coin dev fund (for lack of a better term) themselves, until you use the funds for further dev/promotion?
Will ipo funds be used to vote the coin onto cryptsy/mintpal? And when I say vote, I mean substantial sums... basically paying to get it listed (unfortunate, but the way things work nowadays).
I disagree on the anonymity angle, but that probably depends on what form of anonymity you were considering. A simple centralized mixer, for instance, and I can agree on passing on it.
Any consideration to offering a buy wall shortly after the ipo period is over?
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I am interested in hearing steps being taken to maintain if not raise xbc price. Also with mullick being involved with wallet does that infer we have an in at cryptsy? Volume is still decent but I am getting worried.
Steve
I was wondering about this too? Does anybody have any influence to get listed at cryptsy? Also, we need a big push on the mintpal votes. We are adding around 300 votes per day at the moment so it'll take a month to qualify at this rate. Top ten isn't far off so set an alarm for every hour and vote. I posted over in the XBC forums too, but I think if possible, a little weekly prize thing for MP voting may help spur on more voting. It may also at least help XBC sustain its price, if not raise it a tiny bit. Basically the devs should be looking at ways at stabilizing the floor, which has been rather shaky of late. Moving up in MP is one way to do it. |
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2. Do you have any ideas for wallet innovation? If so what?
Something I think I haven't seen in a wallet yet is either a wallet that automatically updates to latest version or alternatively gives an alert that a new version is available. This should include update to latest .conf/nodes. This is something I think will be important for mass adoption for cryptos in general, can't expect everyone to browse through long threads looking for new wallet or .conf files, wallets should work "out of the box". Agreed on this. When I first started with cryptos, I just assumed the wallets would have auto-updates or at least alert users. It couldn't be further from the truth. Half the wallets seem to make you delete files, go searching for your backup, change config files, and lots of annoying stuff the general public would never bother with. Another feature could be auto backup, automatically backing up your wallet file (while not overwriting your previous ones). I'm not entirely sure how useful that is, but read it's sometimes best to make multiple backups over time. |
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1. What would you like see implemented into this coin today? One week from today? One month from today? One year from today? (answer all)
2. Do you have any ideas for wallet innovation? If so what?
3. Is there any pre existing technology you feel needs to be implemented into our wallet? Why?
4. Outside of wallet, What are we lacking? What would you like to see?
5. Provide innovative ideas for concepts we may be able to set in motion for growth, be it something we can do in one day or one year, I'm open to all suggestions.
Lastly, leave any ideas not covered in the above questions below
I mentioned several ideas already, but will so again: Build the marketplace into the wallet, include news snippets/any marketplace changes, as a little popups or a ticker. Distribute the wallet via non traditional crypto sites. You already have a nice installer. Mobile wallets are a good idea and should be worked on, assuming your wallet guy can handle ios + android. There was some chatter about including the ability for anonymous transactions. This should be a high priority, if you can do it right -- meaning true anonymity, not just some centralized mixer. Get coinpayments to accept XBC. This would assist with the marketplace a great deal. Moolah would also be helpful. If you get coinpayments, you can even include marketplace links in the wallet that you don't set up directly yourselves. Do that casino thing that was talked about previously. And although not related to the wallets nor a feature, the coin really needs another exchange or two. I'm also curious if you can pull any strings with Cryptsy due to Mullick's past involvement, however brief it may have been. |
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lol its not as bad as everyone is making it look! what innovation did dogecoin have? the ipo is a little overpriced but I think investors will still get good return on the price. as the ipo is going.......about half the coins should be unsold and destroyed....so the IPO price is not that bad for a 900,000 coin total supply! I would invest and take profits!
Dogecoin wasn't an ipo, nor was it especially expensive on exchanges either. It may not be the best comparison (and isn't doing particularly great now either). The best coins to compare to are recent ipos on poloniex or bittrex. All had much lower numbers of coins, and in XBC and XLC's case, a dev who walked out with the money as soon as the ipo was over. Each coin had to find new development teams (XBC's new team looks good, not so sure about XLC yet). Both LCL and XLC sunk below ipo prices rather quickly. So basically this is an overpriced ipo, for a coin with no special features, sold without any real guarantees, and seemingly rushed onto an exchange from an unknown dev. The coin has a silly name, as an extra bonus. If it wasn't an ipo on poloniex, I expect nobody would pay attention to it at all. This may seem overly harsh, but that is how it appears to me. I think the luster is off on ipos like this, and only unique coins have a chance. Too many people will be looking for quick profits, so even if you did buy this for some reason, a lot of people will be dumping at any sort of decent rise... fast, I expect. |
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I don't understand you guys. You all wanted a descentralized, unregulated monetary system. This is what happens. Are you all living in a different world from mine ? This is the human nature at it's best ( worst ). This is what "no laws" means. Do not forget that everytime you cash out some bitcoins to "real money", someone had to put that money to the system. Like a wild west gold rush, some will get rich, some will get killed, most will get nothing, most will loose their investment and time. See this as a game. Don't put more in the system that you would put on a xbox and a few games. Play the game and enjoy it  They want decentralized and no laws, so long as they make money. When people lose money, they all of a sudden want the opposite. Many people may have made tons of money on 'scam/junk' coins in the past, but people become hypocrites and decide certain junkcoins are now evil, when things go sour. It's sort of human nature. I'm all for exchanges being more restrictive (or picky may be a better word), more information being available, and ideally less scams/junkcoins out there. But polls, forum posts, people complaining, won't matter. If you don't like it, a person can leave. It really is up to the exchanges as to if they want to police themselves or not. The game analogy is how I look at it. When I started with cryptos about 5 or so months ago, it reminded me of old fashioned stock market simulator games. I put in pretty much exactly what a video game would cost (<$40), figuring this is way too volatile, way too shady, to put real money into. And it's sort of fun that way. Plenty of ways to still make money using freebie coins/giveaways, with no real risk. Shady exchanges always concerned me more than the coins themselves. At least for shady coins, you can usually figure out most are shady to begin with, or at least which are the least shady. While exchanges can go down at any moment with no recourse. If anyone invests real sums (10s of thousands), they must realize the risks ahead of time. |
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what the LCL dev did was Criminal u joker .. he set the buy wall Double of the Initial IPO .. giving Everyone that bought the first IPO a free dubbelup wich they Offcourse thank fully took of his hands Paid for by the 2nd round of IPO that PAID DOUBLE ..
thats Ponzi scheme .. they put MR madoff away for a long time for that shit.
further more the people buying the 2nd Ipo where told that Busoni himself would be holding the BTC they paid then lcl dev Asked him to put up that wall and he did .. Dont hold that up as an example as how things Should go cuz that was a cluster fuck.
Correct, it was. I didn't suggest the dev offer ipos at two different buy-in levels. That was a horrible idea. I simply suggested that the dev offer a buy wall at ipo prices for a while, after the coin hits the market. It offers some security, for an ipo that is very shaky as it is. |
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peeps who invested need to force polo to hold the btc on an exchange and use that to put up a buy wall so peeps who made a mistake can get out
I suggested this earlier in this thread, and if a dev is going to do an iffy ipo like this, it really is the fair way to go. The LCL dev even did it for a little while. What I don't quite get is Poloniex's behavior in this. I don't have any problems with them holding ipos, and actually think it's a good way to avoid the issue of devs taking ipo money and not even delivering coins at all. But there should be some standards. Most poloniex moderators had no idea about the coin up to a couple of hours before its ipo. No details, nothing. All ipos should be fully vetted, wallets examined, info should be posted at least a day or two in advance. And the coins should be priced accordingly, and ideally have some unique features or something about that to make them special in a way. That unique feature doesn't even have to be anything groundbreaking, but it should be something -- basically a higher level of coin than the run of the mill crypto. If poloniex ran ipos that way, they'd make more money in the longrun. Right now it appears they are doing the short term money grab, which apparently is still working. But when enough people get burned (I'd think LCL would have been a signal to them), people simply won't do ipos in the future. If they are run properly, with both good coins and good devs, it could work out as a longterm thing for poloniex. Pretend Nem did their ipo over at Poloniex... that sort of thing. Even Monero or an anon coin flavor. Good coins would make sense as an ipo. Generic coins, not so much, especially if the dev won't offer up a buy wall. |
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XBC, LCL and XLC have set the precedents. Only XBC went considerably above ipo prices, the other two went above, very briefly, and not by a whole lot.
There are a number of red flags for this coin, but if the dev wants to start off on the right foot... offer to set up a buy wall for at least a day or two after the markets open, and be willing to buy back the coins at ipo cost (LCL dev did this for a little while, before wall got eaten up). Have poloniex lock the funds to enable this. They should also lock all funds meant for coin dev costs, as well.
Otherwise, this would seem like way too risky an investment to me. There isn't even the 'xbc hype' factor anymore, as it's more likely the coin will sink below ipo levels than go crazy high.
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I`ve stopped mining Quebecoin, i didn`t sell a single coin. I`ll start mining again with my whole power when the developer will be back with news, directions, proof of his work. Good luck Quebecoin!!
I have done the same... Not going to mine if no one keeps me abreast of whats what with this coin. Considering the fact that soon you may not even have a place to sell any coins, that's probably a smart move. Not that at this price it'd be worth selling anyway really. That's what some people need to realize. A longterm plan is fine, but if a coin has no exchanges + no miners, it's dead. No dev working on the coin, even more dead ... dead, dead. I do wonder at what point will the coin defenders admit to there being a problem? |
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