Completely agree with dev. Already reduced pow from 50 mil to 18 mil, and block will halve soon. No need to further make hardforks. I understand every holder of SUPER wish that no more supply, so his coins will worth more. But on the other hand, let's be reasonable. A coin's price is mainly ruled by the traders. I saw last 24 hrs trading volume is 210 BTCs in bittrex for Supercoin. Daily generation is 1.6 BTC as dev said, and not all are dumped. So there's absolutely no need to further reduce, we just shoot our own foot that way, it will not help price.
At worst, eliminating PoW stabilizes the price. Nothing is to be gained from a runaway money supply. People are invested. The coin is distributed. Every PoW coin will get dumped to non-existence over time. That's just a fact of life. PoW is not needed, so end it. Dev, make Change, Please. Change will take Supercoin go further. |
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NO body get any benefit from Multipool dump. that's the truth.
if busoni did not give us a official reply tomorrow, then we can forget Poloniex and busoni.
after that, Please update the source code again and cut the the pow or reduce the block reward to 16 coin directly,
why we need to suffer Another 1 month Multipool dumping?
give me a reason Please.
both dark coin and XC coin update their source code and cut the pow when they realized the Multipool problem.
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.
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 |
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NO body get any benefit from Multipool dump. that's the truth.
if busoni did not give us a official reply tomorrow, then we can forget Poloniex and busoni.
after that, Please update the source code again and cut the the pow or reduce the block reward to 16 coin directly,
why we need to suffer Another 1 month Multipool dumping?
give me the reason. both dark coin and XC coin update their source code and cut the pow when they realized the Multipool problem.
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.
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Changing mind every day is not good manner, PoW will be halved in a few days, you know that and that's good enough. I made calculation for you at my recent posts If the crypto can't get 1.6 btc new buys daily. It's sinking. I think we have more and problem is not about PoW. I am not expert or consultant, i prefer to let the traders decide.
i see in your calculations you said 1.43btc daily, how is that right if 800 blocks mined a day that would be 409600 coins a day current price thats like 10btc, we don't even have 10btc worth of orders. if we hit 5000 that 20btc daily, right? its your coin thanks for letting me know what your plans are, i know what i have to do Completely agree with dev. Already reduced pow from 50 mil to 18 mil, and block will halve soon. No need to further make hardforks. I understand every holder of SUPER wish that no more supply, so his coins will worth more. But on the other hand, let's be reasonable. A coin's price is mainly ruled by the traders. I saw last 24 hrs trading volume is 210 BTCs in bittrex for Supercoin. Daily generation is 1.6 BTC as dev said, and not all are dumped. So there's absolutely no need to further reduce, we just shoot our own foot that way, it will not help price. that's wrong. only this volume now. BTC VOL 80.70717475 BTC |
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NO body get any benefit from Multipool dump. that's the truth.
if busoni did not give us a official reply tomorrow, then we can forget Poloniex and busoni.
after that, Please update the source code again and cut the the pow or reduce the block reward to 16 coin directly,
why we need to suffer Another 1 month Multipool dumping?
give me the reason. both dark coin and XC coin update their source code and cut the pow when they realized the Multipool problem.
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.
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Supercoin Long Term Development Advice 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 DEV we need quick Halves, other wise Multipool will keep dumping their coins until pow period ends...
you can also check dark thread, at first the reward is 500coin then reduce to 25 coins after they realised the Multipool dumping.
similar thing happened with XC coin. they ends their mining period soon after they realized Multipool keep dumping
Further more, POS mining is a more greener way for coin distribution, it do not need GPU cards and waste electricity!
what's the meaning of pow period?
Halves block reward to 64 coins, Please..
I understand your point and concerns, and we will seriously consider your proposal. We know this is what happened to XC and other coins. We will protect the best of our community's interests against multipools. The Supercoin dev team will make a decision on this matter. Thank you for your great support to us. thanks for your quick reply dev. i have engaged with altcoin more than one years, have seen so many good coins just killed by Multipool. i do hope supercoin has a bright future, because we are super! From my altcoin experience, there are 2 things are really bad for altcoin. 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. i also hope supercoin has a lower inflation. Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit. so based the two reasons, i would like to advice to reduce the block reward more quickly and keep the total amount fixed or also can reduce the total amount. otherwise the price is not maintainable. so how about reduce the block reward every week and at some point keep it at a low block reward? so now we have 512 coin block reward, 512--》256--》128--》64 ends （4 weeks） or 512--》256--》128--》64--》32 ends.（ Multipool will not profitable any more and keep lower inflation also small miner will mine this coin）(5 weeks) if we have a lower block reward, people would keep their coin for pos mining, it‘s a better and greener way for coin distributing than Multipool control the coin supply. 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: Community can vote for weather to reduce block reward more quickly.
i do advice Supercoin can update source code again tomorrow, and reduce the block reward to 64 Supercoin or 32 Supercoin directly and then halves everyweek, until we reach 2coin or 1coin block reward, then we can end the pow and turn to a pure pos coin.
we do not need to suffer another 1 month Multipool dumping.or it may kill the young and promising Supercoin
Community can discuss this issue.
it seems both Darkcoin and XC coin make successive update to face Multipool's dumping, we may also need to make a tough decision again.
Thank you very much. welcome any comments on this advice, good or bad? Dev and Community together make a decision for a better Supercoin!
Also dev is very busying at Anon Wallet test on sunday, if we can reduce block reward first, we can put off another two days for Anon Wallet test, i believe Community will Support this.
Thanks for your Support.
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. 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! thanks for your Support. |
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Thank you, this is a great article. yes supercoin has what the big players but still look at the price is this having a affect on the price no. people still do not want to invest with multipool's dumping. with anon wallet news the price would have risen and the dumping would have been handled as many would be interested in buying. even with halving coming soon, it will have no major affect, people will buy and sell when it double thus bringing us down again, which will further break investor confidence. you should have waited to release anon wallet in 74 days as the price cannot rise while block rewards are that high. why do you think dark and xc ended POW to stabilize price. you really think XC will be sitting where they are now if they never ended POW early. plus your POS stake is too hiigh, xc offers 3.33% and everyone is cool with it, you should just offer 10%. majority of the community is telling you to end POW now. of course we know you are working on the anon walllet but we know the dev is legit and test net proves that, so we can wait a little longer for the wallet, but watching the price of the coin deteriorate daily. with all this poloniex fiasco it is a must now as many of us holders are not seeing the growth we are expecting. if something is not done soon, i shall sell, and good luck with your coin, but poloniex has messed it up big time, you want investor confidence end POW now. reduce POS stake. 100% stake is not attractive. people will happily buy up your coin even if it was 5% a year. its innovation we like. if you do plan to do it, just announce it. i also agree with you. i write this: 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. |
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Supercoin Long Term Development Advice 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 DEV we need quick Halves, other wise Multipool will keep dumping their coins until pow period ends...
you can also check dark thread, at first the reward is 500coin then reduce to 25 coins after they realised the Multipool dumping.
similar thing happened with XC coin. they ends their mining period soon after they realized Multipool keep dumping
Further more, POS mining is a more greener way for coin distribution, it do not need GPU cards and waste electricity!
what's the meaning of pow period?
Halves block reward to 64 coins, Please..
I understand your point and concerns, and we will seriously consider your proposal. We know this is what happened to XC and other coins. We will protect the best of our community's interests against multipools. The Supercoin dev team will make a decision on this matter. Thank you for your great support to us. thanks for your quick reply dev. i have engaged with altcoin more than one years, have seen so many good coins just killed by Multipool. i do hope supercoin has a bright future, because we are super! From my altcoin experience, there are 2 things are really bad for altcoin. 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. i also hope supercoin has a lower inflation. Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit. so based the two reasons, i would like to advice to reduce the block reward more quickly and keep the total amount fixed or also can reduce the total amount. otherwise the price is not maintainable. so how about reduce the block reward every week and at some point keep it at a low block reward? so now we have 512 coin block reward, 512--》256--》128--》64 ends （4 weeks） or 512--》256--》128--》64--》32 ends.（ Multipool will not profitable any more and keep lower inflation also small miner will mine this coin）(5 weeks) if we have a lower block reward, people would keep their coin for pos mining, it‘s a better and greener way for coin distributing than Multipool control the coin supply. 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: Community can vote for weather to reduce block reward more quickly.
i do advice Supercoin can update source code again tomorrow, and reduce the block reward to 64 Supercoin or 32 Supercoin directly and then halves everyweek, until we reach 2coin or 1coin block reward, then we can end the pow and turn to a pure pos coin.
we do not need to suffer another 1 month Multipool dumping.or it may kill the young and promising Supercoin
Community can discuss this issue.
it seems both Darkcoin and XC coin make successive update to face Multipool's dumping, we may also need to make a tough decision again.
Thank you very much. welcome any comments on this advice, good or bad? Dev and Community together make a decision for a better Supercoin!
Also dev is very busying at Anon Wallet test on sunday, if we can reduce block reward first, we can put off another two days for Anon Wallet test, i believe Community will Support this.
Thanks for your Support.
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. Thanks for this, I read it twice. only hope this post on make some help on Supercoin's long term development. anyway,thank you very much dev. you are the most respectable guy and always stand with us and keep hardworking on Supercoin. only dev team can add true values on supercoin. |
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Supercoin Long Term Development Advice 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 DEV we need quick Halves, other wise Multipool will keep dumping their coins until pow period ends...
you can also check dark thread, at first the reward is 500coin then reduce to 25 coins after they realised the Multipool dumping.
similar thing happened with XC coin. they ends their mining period soon after they realized Multipool keep dumping
Further more, POS mining is a more greener way for coin distribution, it do not need GPU cards and waste electricity!
what's the meaning of pow period?
Halves block reward to 64 coins, Please..
I understand your point and concerns, and we will seriously consider your proposal. We know this is what happened to XC and other coins. We will protect the best of our community's interests against multipools. The Supercoin dev team will make a decision on this matter. Thank you for your great support to us. thanks for your quick reply dev. i have engaged with altcoin more than one years, have seen so many good coins just killed by Multipool. i do hope supercoin has a bright future, because we are super! From my altcoin experience, there are 2 things are really bad for altcoin. 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. i also hope supercoin has a lower inflation. Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit. so based the two reasons, i would like to advice to reduce the block reward more quickly and keep the total amount fixed or also can reduce the total amount. otherwise the price is not maintainable. so how about reduce the block reward every week and at some point keep it at a low block reward? so now we have 512 coin block reward, 512--》256--》128--》64 ends （4 weeks） or 512--》256--》128--》64--》32 ends.（ Multipool will not profitable any more and keep lower inflation also small miner will mine this coin）(5 weeks) if we have a lower block reward, people would keep their coin for pos mining, it‘s a better and greener way for coin distributing than Multipool control the coin supply. 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: Community can vote for weather to reduce block reward more quickly.
i do advice Supercoin can update source code again tomorrow, and reduce the block reward to 64 Supercoin or 32 Supercoin directly and then halves everyweek, until we reach 2coin or 1coin block reward, then we can end the pow and turn to a pure pos coin.
we do not need to suffer another 1 month Multipool dumping.or it may kill the young and promising Supercoin
Community can discuss this issue.
it seems both Darkcoin and XC coin make successive update to face Multipool's dumping, we may also need to make a tough decision again.
Thank you very much. welcome any comments on this advice, good or bad? Dev and Community together make a decision for a better Supercoin!
Also dev is very busying at Anon Wallet test on sunday, if we can reduce block reward first, we can put off another two days for Anon Wallet test, i believe Community will Support this.
Thanks for your Support.
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. ? |
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ending PoW early to pump the price is a scam in itself.
Only people with huge amounts of coins are screaming for the PoW mining to end early. This reminds me of the DRK reward reduction scam.
you guys can't even stick to the plans you have laid out for yourselves, that is sad and pathetic.
I wasn't one of those who were requesting for shorter PoW but... I do believe that the coin should be able to adapt if it needs to. Unlike many other popular PoW to PoS coins, supercoin has had a far longer PoW period already. Meanwhile, the constant multipool dumps increased distribution for new buyers to buy some coins. BTW, dev actually took a very conservative approach as PoW still ends in about 10 weeks time. For the next few block reward halving, it will still be good enough for new miners to get some coins. better before price drop under 1k satoshi again. |
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ending PoW early to pump the price is a scam in itself.
Only people with huge amounts of coins are screaming for the PoW mining to end early. This reminds me of the DRK reward reduction scam.
you guys can't even stick to the plans you have laid out for yourselves, that is sad and pathetic.
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. |
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Busoni where are you?
i begin dislike you now, although you are a honest guys.
but it seems you have the worst public relations on POLO itself and also on Supercoin Community.
you have do big harm on Supercoin Community from your irresponsible and unprofessional post on Supercoin.
you can still keep silent, if you want. but you are only harm your own reputation now.
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Supercoin Long Term Development Advice 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 DEV we need quick Halves, other wise Multipool will keep dumping their coins until pow period ends...
you can also check dark thread, at first the reward is 500coin then reduce to 25 coins after they realised the Multipool dumping.
similar thing happened with XC coin. they ends their mining period soon after they realized Multipool keep dumping
Further more, POS mining is a more greener way for coin distribution, it do not need GPU cards and waste electricity!
what's the meaning of pow period?
Halves block reward to 64 coins, Please..
I understand your point and concerns, and we will seriously consider your proposal. We know this is what happened to XC and other coins. We will protect the best of our community's interests against multipools. The Supercoin dev team will make a decision on this matter. Thank you for your great support to us. thanks for your quick reply dev. i have engaged with altcoin more than one years, have seen so many good coins just killed by Multipool. i do hope supercoin has a bright future, because we are super! From my altcoin experience, there are 2 things are really bad for altcoin. 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. i also hope supercoin has a lower inflation. Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit. so based the two reasons, i would like to advice to reduce the block reward more quickly and keep the total amount fixed or also can reduce the total amount. otherwise the price is not maintainable. so how about reduce the block reward every week and at some point keep it at a low block reward? so now we have 512 coin block reward, 512--》256--》128--》64 ends （4 weeks） or 512--》256--》128--》64--》32 ends.（ Multipool will not profitable any more and keep lower inflation also small miner will mine this coin）(5 weeks) if we have a lower block reward, people would keep their coin for pos mining, it‘s a better and greener way for coin distributing than Multipool control the coin supply. 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: Community can vote for weather to reduce block reward more quickly.
i do advice Supercoin can update source code again tomorrow, and reduce the block reward to 64 Supercoin or 32 Supercoin directly and then halves everyweek, until we reach 2coin or 1coin block reward, then we can end the pow and turn to a pure pos coin.
we do not need to suffer another 1 month Multipool dumping.or it may kill the young and promising Supercoin
Community can discuss this issue.
it seems both Darkcoin and XC coin make successive update to face Multipool's dumping, we may also need to make a tough decision again.
Thank you very much. welcome any comments on this advice, good or bad? Dev and Community together make a decision for a better Supercoin!
Also dev is very busying at Anon Wallet test on sunday, if we can reduce block reward first, we can put off another two days for Anon Wallet test, i believe Community will Support this.
Thanks for your Support.
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. |
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It seems Multipool still control most of the coins now. Pool Hashrate: 599.17 MH/s Pool Workers: 72 Net Hashrate: 29,517.66 MH/s(most of them come from Multipool) Multipool controled about 28/30=93.333% everyday's total coin supply... ?will buy more cheap coin now. Where are you getting this pool hash rate from? Are you just checking 1 pool? Did you add up every pool and determine which is multipool and which aren't? There are gpu farms that have gigahash rates which mine coins solo also. I am running the 2 biggest Multipool in china, i know it.  |
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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???. |
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LAST0.00002535 BTC BID0.00002540 BTC ASK0.00002677 BTC TIME06/16/2014 06:24:52 AM 24HR HIGH0.00005800 BTC 24HR LOW0.00002301 BTC BTC VOL113.71254028 BTC SUPER VOL2968616.89308062 SUPER Buy in BTC：8.66 BTC Sell in BTC：1.075BTC Buy in Super：482333 Super Sell in Super：35868 Super |
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looks like the dumping is over.
Yes, we will go through from this. |
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Team, please setup an official donation adress for the bounty that will be paid to anyone finding the sender adress. I think, we should make it much more than 1 BTC to attract more ppl with the potential to crack it. I guess there are a lot of people willing to donate including me.
Lets get REV1.5 out the door, and then we can do this will donate for this. |
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It seems Multipool still control most of the coins now. Pool Hashrate: 599.17 MH/s Pool Workers: 72 Net Hashrate: 29,517.66 MH/s(most of them come from Multipool) Multipool controled about 28/30=93.333% everyday's total coin supply...?will buy more cheap coin now. |
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