wat eva  people can read for themselves
i;ve wasted enough time already
have fun

hi Supercoin Community

i am provenceday, truly, i have some amount Supercoin（i also have more than 100 posts on this thread）.  Although i try to be neutral, but still some advices from me may be very subjective. Please Don't soak up everything uncritically.

about me, i have involved with coins more than 2 years, and mining and holding more than 100 altcoins at least. Also i am running 2 biggest Multipool in China. so i just want to share some experience with Community.


1  Whether Supercoin is a good coin or not?

For me, i believe Supercoin is a good coin deserve to hold. Because Supercoin has a dedicated dev team, yes dev team is the vital to Altcoin (not for bitcoin ), if dev team abandoned a altcoin, then the altcoin may not go far. Luckily we have a dedicated team behind Supercoin. Everybody in Community know this.

Supercoin is a pow/pos separated coin with some lucky Super pos block, then everybody will want to open their Supercoin Wallet for super block which can accelerate the transfer confirmation. so supercoin has a very fast confirmation, 6 confirmation less than 2 minutes, it's super fast.
But if you also involve in XC coin Community, you will know XC has a very very slow transfer confirmation, some time it may take 1 hours to get 6 confirmation. because XC coin has a very low Pos Rate（3.33%,but good for price）and some shortcomings on their POS  mechanism.
Supercoin are also also developing Anon Wallet, and has released the alpha Version for public test. it's a big thing. if you innove in altcoin more than 1 years, you will Know Anon feature is hard to accomplished. That's the reason why darkcoin and XC coin still only have a test Anon Wallet. As i know (maybe i am wrong), only Darkcoin and XC coin and Supercoin has a Anon Wallet now(not included Cryptonote technology coin, such as bytecoin or XMR). So that's prove we really has a professional and high-level dev team.

2 Which factors influence the Altcoin price?
Truly, demand decides price in free market. but for Altcoin, mainly 2 things influence the Altcoin price.(i posted this before)
 First is coin inflation, because everyday if we have 0.3 Million supercoin, if the price hit 10K satoshi, you will need 30BTC buying support, that's ok with current circumstances, but if the price hit 100K satoshi, you will need 300BTC support everyday, so it's impossible for nowdays coin, that's the reason why Dark and XC and VRC coin has very low inflation(that's also lead they have a much higher price than Supercoin).
 Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit. and because i am running the 2 biggest Multipool in China,（more than 100G scrypt and X11 hash rate） i know exactly how Multipool works, everyminus Multipool will detect the all coin listed on all exchange platform(if they have a open api), then based the advanced profit Algorithm, they will decide to mine which coin, then they will mine it and dump it ASAP for bitcoins, because they must pay miner bitcoin everyday. otherwise miner will leave, also if miner can not get more profit than mining LTC, miner will also leave, because they can mine LTC instead. From my observe, at the recent 3 days, mining Supercoin is the most profitable thing, it have at least 50% premium than just mining LTC coin. so why not mining Supercoin and then dump it ASAP? it's really a good business for profit！but it's a disaster for Supercoin price.

3 Why same concept Anon coin has much higher price than Supercoin?

Dark price is 0.017BTC （4,387,505 DRK）
XC price is 0.0015BTC (5,512,780 XC)
Vericoin Price is 0.00011BTC (26,768,365 VRC)
Supercoin price is 0.00002995BTC (11,811,810 SUPER)

i do not want to say more, from these statistics, you can make your decision.

4 Price prior or Development affairs prior?
Guys, we are not at 2011,which we has less than 10 Altcoins, we are in 2014,, we have more than 333 Altcoins on coinmarketcap. even bitcoin, if the price keep dropping, most of people will leave. Further more, if the price is higher, then we maybe stable later, we will draw more resource for long term development, it’s a really good thing. that's why dark and XC can not be defeatd easily. Nowdays, innovations need more resource Support.

5 What does mining means for Altcoin?
Now we have the POS algorithm, even without mining, the network is secure. mining is just a way for coin distribution and not very environmentally friendly,do you know how many electricity been wasted by mining bitcoin? Bitcoin Mining Uses $15 Million's Worth Of Electricity Every ...i do believe if satoshi has a better way to distribute bitcoin, he will not choose mining method.

6 what does Multipool does everyday?
i am running some Multipool, i know it. Multipool is vampire. they will bleed white everycoin's profit until they turn to mining LTC again.

7 Should we reduce the block reward more quickly?

i have proposed 2 times to reduce the block reward.
First time, i post this

But it seems dev are more mild on reduce block, i am more radical. Dev decide to reduce block more quickly, but choose to halves every 10day, at first the halve is every 45 days. After this Announcement, the price rise from 1k satoshi to 4ksatoshi.

Second time i posted this 2days ago:



But dev are too busy to test the Anon Wallet, so they do not take further action on this.

8 is it unfair to reduce blockreward again? or any risk?

even you are a miner mining Supercoin now, it‘s unfair for you, because you can not get many Supercoins with Multipool control the more than 80% everyday's coin supply, also Multipool keep dumping, the price will go lower and lower, you mining Supercoin may can not afford your mining cost now. is that fair for you?
if you are a Supercoin investor, it is truly unfair for your investment, because Multipool take the most part profit on all Altcoins. you investment wroth less everyday. it's unfair.
if you want to join Supercoin Community, it’s unfair for you to buy a coin and that coin price goes lower later.

risk: if we can handle this correctly, it may not take risk on Supercoin development, because many Altcoin update their source code several times, such as Darkcoin and XC coin.

9 Further development plan advice?

0 decentralized Anon system and trustless mixer
1 more application on Supercoin
2 Mobil basd payment system
3 Merchant adoption
4 media report
5 grow Community
6 keep adding new function on Supercoin
7 charity Fund

Thanks.

provence, POW is not a threat as people think the only reason why i wanted it in POS was because us having a working anon wallet while others till implementing it is HUGE, we can rise like crazy, to crazy levels, the only thing that will slow us down is POW, eventually POW will be over or block halving will make journey easier. i really want POW over because one polo clears stuff up and if were listed, we can reach 50k+ i just don't want POW to bring us back down

shame on polo and busoni.

no guts and no balls to admit their mistakes.

DEV, After busoni give us a reply or not, tomorrow is the line, after that, Please Change the reward to 16 coin directly or cut off the pow , Community need this.
Thanks

And here is your opportunity to be an educator...but it looks like you have nothing to teach.

What is the reason to continue PoW?

If you think there is no reason, you should really educate yourself. Every thing has two sides.

Nice words. I remember you stated a few days before " POS STOPPED"!

I know many Chinese, and they are not crazy;)

You just want some more buywalls so you can eat them and in the meantime fool some people.

Is there any reason to continue POW for Bitcoin? Come on, SUPER losses are a joke compared the total loss people made with the 1000+$ bitcoin price. In reality, those people have to wait maybe for multiple years.... Super POW stops soon.

Thats not exactly right my friend.

Before the ann price went down from 8000 sat to little below 5000 sat.. those who ripped the bigger buy orders are not multipools. Just early buyers, you can ask provenceday

Here is a Simple a analysis on Supercoin reasonable price after Anon wallet release

Until now, only Dark coin and XC coin has some Anon features

Darkcoin has a worked mixer but also some problem with their master node
XC coin has a test net mixer and do not worked Anon wallet yet, they will have a version2.0 two weeks later.
Vericoin do not have a Anon wallet, they only have a development plan
Supercoin has a Anon wallet on testnet.

Dark coin Current total supply   is 4.3 Million, the Price is 1.7 Million Satoshi/11$
XC   coin  Current total supply  is 5.5 Million, the Price is  130K Satoshi/0.84$
Vericoin Current total supply    is  26 Million, the Price is   15K Satoshi/0.1$
Supercoin Current total supply is  10 Million, the Price is   3K?/0.018$???

personally i think we have done much work on Anon features than Vericoin

so the reasonable Supercoin price at least hit 15K*2.6=37.5K Satoshi
if we compared with XC coin, the reasonable price will hit 60K Satoshi.

now the Current Supercoin price is only 3K Satoshi.

so what are we waiting for???.

You are responsible for your own. Just don't pay 5000/8000sat for a coin that was sold for 40/100 sat a week earlyer. What do you expect

It's clear that the model and motivation for supercoin came from Dark and XC, so it would only be natural to take this lesson as well.

Thanks for taking the time to write this post, it is both insightful and very informative.

It's always interesting to get different peoples perspectives, especially those who have a lot of experience in the altcoin world and are active in a space that is completely different to what I do.

Much respect!

Let me explain some why we should not hardfork and stop PoW.
Each hardfork needs about 4 days time, cause a lot of communications needs to be done from our side. And we have already few days before the first halve. At current rate it's effect will be very less.

And there are many pools out there if we shut off PoW and they do not upgrade to newer version. (Because we are killing their business) We have some risk of network attacks (forks getting stronger). We don't know and can't control these. If you noticed we had more than 15 pools in the past. most of them still not very communicative. Very hard to reach them.

We have only 18m PoW coins to mine, and the rest will be PoS which is mostly not generates much because of movements to/from exchanges. also pos is good thing to advertise hold.