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I have a question about that node/1000 thingy, which I haven't kept track of very closely. Basically if users set up their own nodes, they get a portion of mining profits? Or something like that?
I have a tiny bit above 1000 coins right now.
What I am wondering about is, is it worth just keeping 1000 coins for the rewards, or if the price goes crazy, sell some to go below 1000, just to take profit? I don't mean at current prices, but say it doubled or something in a short time period?
I was thinking of keeping 500, playing with the other 500... just want to check and make sure that the 1000/node thing wouldn't trump this, and I should just keep the 1000 regardless.
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I am not going to say it was a scam coin....
Really? Sold for over 450,000 Satoshi each on day 1, that amounted to thousands of BTC. See below. Are you fkn kidding me??Now its a mere 70 Satoshi ea!A coin that drops in price is not necessarily a scam. A bad investment... yes... not automatically a scam. I see that term used way too often in this forum, and it tends to mean various things here... quite often none of them match the definition of a scam. You have veered into troll territory, although no idea why at this point. |
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I think the only way this coin can be saved is if it hits absolute rock bottom, the original team gives up, and the community took it over.
How would that be possible? You can steal an idea; you can't take back your currency. How would what be possible? How could a community team run a coin instead of the current devs? Happens all the time when the original devs abandon a coin. |
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Don't know how I overlooked this one. Anyway, hope I'm not too late... I like POS coins.
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You can always donate your Mazacoin. The Mazacoin team will keep chugging along and learn from their mistakes. The pieces of the puzzle are there for them; they just have to put those pieces together. They've been given advice as to how to go about that. Team Mazacoin, remember, the "established" Native American, money making establishments can purchase these coins fairly cheap right now....
The 'Mazacoin team' is the problem ... it always has been. They were given advice and suggestions, offered community made websites and new logos, and lots of help from the community here. And they turned it all down. They avoided even appearing in this forum entirely. The way I look at crytpos is that we invest in the developers much more than the coin. We invest in the idea that they know what they are doing and have enough talent to pull it off. Nothing.. and I mean absolutely nothing... from AP/Boxxa/Payu (and whomever the new guy is), gives me any confidence at all that they know what they are doing, nor will fix any of the mistakes they have made to date. I think the only way this coin can be saved is if it hits absolute rock bottom, the original team gives up, and the community took it over. Although of course by then it'll most likely be too late, as it probably is already too late to be saved. |
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This has been one weird coin. Early on, there were plenty of trolls spreading fud. They would have been better off just sticking to facts, as people may have taken them seriously then. Like... simply post Payu's facebook page back then and it would probably have scared off 99% of the people here.
Anyway, this coin is beyond trolling. It doesn't matter anymore.
I am not going to say it was a scam coin. But it was terribly planned and those running the coin really have appeared clueless almost the entire time. It was like a lesson on how NOT to make a coin. Best thing to come of the coin and this entire thread was that self-destruction artwork that someone posted here. Shame my maza can't even pay for a single shipped photo from deviant art.
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Oh ok. Because i know its illegal in stocks, but if i am just buying and selling without spreading any hype or FUD, im are fine and not pumping and dumping?
How are you actually the one doing the pumping if you just buy/sell a coin? Do you have tons of btc to put in fake buy orders to push up a price? If so, I doubt you'd ask if it was okay or not. If you simply buy low, sell high, there is nothing wrong with it. Determining when high is high enough... and low, low enough, is the tricky part. |
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Ok, so i really want to avoid pumping and dumping, as it is illegal, but, XBC is very volatile. So it is possible to buy low and sell high multiple times a day. Thus basically generating free money. That can't be legal. Is that considered pumping and dumping??
If pumping and dumping was considered illegal in cryptoland, I think 99% of the people in this forum would be arrested. And all trollboxes would get raided by the police. Lying/trolling/spreading fud to lower a price and then hyping a coin to simply get a better sell price, is morally wrong and I find it extremely annoying ... but I wouldn't say it's illegal. I don't think pump/dumps are good, but if you buy low and sell high, and think you can do it ... be my guest. It's basically day trading, so unless you know what you are doing, I wouldn't even bother trying it. You may sell high... and then find out a couple of hours later the price went up with 50% (on any coin). There is a lot of volatility with most coins. As for XBC, it's on one small-ish exchange at the moment, so is more prone to volatility right now. |
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As of right now we have not raised funding for votes, because of volume the chances of being added are quite high. In regards to the casino we are partnering with yogg who runs a very transparent gambling site seen here: https://bitcointalk.org/index.php?topic=301571There was talk over irc with one of our supporters that may have a poker site that could take XBC as well. As always though please use good judgement when gambling, in other words if you're up its probably a good time to stop  XBC will be on a large exchange sooner than we expect, once wallet drops tonight it opens the doors to many things. As for an online store I have been speaking with a few vendors that have the goods to make this happen. It may be a bit down the road though. Regarding the IPO as you said that's highly unlikely, but it has a bright side of pulling together as a community to make things happen. One thing I was thinking before bed last night was doing a raffle for everyone. Maybe with an iPad air as top prize and then subsequent prizes below that. Its just a thought and we could do a .5-1 XBC per entry into the raffle. The proceeds could go towards the development wallet and a portion to the prizes. Let me know if you all like this idea and I can get this going next week. Obviously transparency during the process would be a top concern for me, I may as well get it tattooed on my forehead because I only want the best coin and community behind xbc. Please leave your thoughts and ideas on this thread or hash it out on irc. Thank you all! True about volume, as it's very possible the coin gets added automatically without tons of votes. As for marketplaces, vendors are fine, but quite often crypto marketplaces look like bad eBay sites. You get oddball merchants with a handful of items that most people probably wouldn't buy from normally. I like how Noble Coin did it ... if you look at their marketplace, they first focus on gift cards. The Amazon cards are pretty much the equivalent to fiat, to many people, as you can buy just about anything at Amazon. They also sell (or will sell) gold/silver too. If you set up a marketplace with gift cards rather than relying on vendors, I think it would be more appealing. Getting the coin on coinpayments may be a priority for something like that to happen. And the raffle idea is fine, although personally I'm not keen on entering raffles. I never win raffles, and am not an xbc whale with spares to give away. But if XBC whales offer up for the raffle, it could work. I also guess I'm an optimist, as somehow I think the original dev and current team could work something out, especially in regard to the ipo money. I don't know all the details behind that though. |
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Has funding been raised for voting? I realize most funding is probably for bounties, but MP voting is now somewhat expensive. Any of the xbc whales using some of their gains to spend on voting?
Ideally that is what some of the ipo could have been used for, but evidently that can't happen now.
After the new wallet/website comes out, to me the first priority should be getting on Cryptsy/MP. An XBC marketplace would also be nice (I suggest modeling it after Noblecoin's marketplace).
As for this casino thingy, any info on what that is exactly?
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I'm sort of surprised more coins like this haven't been tried already, trying to cash in on the upcoming Ethereum project (the real one).
Perhaps we will see more even, who knows. It's like those copycat budget DVD movies you see with titles similar to blockbusters, hoping people won't notice the difference, or somehow thinking they are related to the blockbuster movie in some tangible way.
Anyway, this coin isn't for me. I'm saving my funds for MadeSafe256.
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Could be an interesting coin. Applied for a stake via the facebook method. My signatures are getting crowded.
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I see it's already back up to around .015. I prefer stable coins, so hope it finds a nice floor and just stays on it for a little while. I don't like all of this jumping around.
I'm thinking this might be very unstable always due to the lack of supply. buying just a few coins can really move the market at higher prices Yes, could be. Also could be due to being on a small exchange. It's harder (although it happens still) for whales to move a price around if a coin is on 3+ exchanges, and 2 of them are cryptsy/MP. When just on poloniex, I wouldn't think it'd take that much. |
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Will the price go up once XBC gets on different exchanges? Also, this is my first time ordering a cryptocoin from an exchange. I bought XBC from poloniex and its still in the open orders tab. How long does it usually take before i get them? Thanks guys.
If you buy from the sell side, it's automatic. If you put a bid in on the buy side to get the better price, you didn't actually buy anything... you just put a bid in. As for how long it takes to get filled... nobody knows. 1 min, to possibly never. But it's better to just put a bid in and wait, if near the top it almost always will get filled sooner or later. I'd think the price will go up, at least initially, once the coin moves to a bigger exchange. There is usually some hype as coins get listed. Longterm, nobody can say, but it shouldn't be as easy for price manipulation to occur once its on more exchanges. I see it's already back up to around .015. I prefer stable coins, so hope it finds a nice floor and just stays on it for a little while. I don't like all of this jumping around. And yes, it's perfectly legal, no worries. |
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I agree it looks like some manipulation to keep the price down. I think the usual was happening today and some other folks took the opportunity to sell (panic or otherwise) with the XLC silliness.
(especially with that joker that keeps putting up 1 XBC buys and sells. heh)
I've only been at this 3 or so months, and mostly on Poloniex, but I've never seen it go on so long before. A small fish like myself just has to sit and watch.
I'm waiting to see what happens when it hits a 2nd and/or 3rd exchange. Hopefully then some more "organic" movement, driven by market demand/supply rather than some whale.
I've only been into crypto about the same time, and do realize this sort of thing happens. I just find it odd how this pattern has basically repeated itself the past 2-3 days ... sort of an easy way for whales to double their money. I am also surprised people fall for the same thing, and sell low ... and then watch the price go up, fud/trolls come out ... then they sell low again ... and whales repeat the process. As for XLC, I was wondering if I missed some news or info on it. To me, it's a situation that really is sort of meaningless, at least in regard to price, assuming poloniex doesn't even list the coin. It's like if a dev made a coingen bitcoin plus plus plus plus coin, or some nonsense ... if it's not listed for sale anywhere, and from a somewhat shady dev not even related to your coin anymore, who cares? |
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No way to be sure it had an effect or not. The price has had it's dips and crests past few days anyway. as far as the past of the original dev etc, everything that needs to be said has been said...and maybe then some.  Wash hands of it and distance yourself from the negativity. Looking forward to Wallet release (soon-ish?) and maybe some other exchanges picking up the coin. Then we'll see what happens. Yeah, but it has looked like manipulated dips. Basically as soon as price gets decent, trolls come out to play, then the price sinks, the whales feast, and the process repeats itself. Today was that XLC thingy, and it can't be a coincidence that the coin went from .02 to .013ish for no reason. I never traded a coin that was just on poloniex only before. Or I should say, I never paid attention to daily swings/trollboxes as much. It appears way too easy for price manipulation (both ways, up and down). |
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I can't even tell what is going on with the price anymore. Can someone tell me why a copycat coin, made by a dev who I guess kept money he shouldn't have/did something shady, who isn't even involved with this coin anymore, would negatively affect the price like it has? I think Busoni said he wouldn't even list that other coin?
There are always copycats, a million nation coins, a million colors of black coin... none really matter. I don't get what is going on, unless I missed something.
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After the chatter today, I realized something that should have been obvious. And is all the more reason for the dev to post here more often. It bumps up the thread in this forum, so others see the coin is still alive and active. There is no guarantee they'll buy the coin or even care about it, but it can't hurt.
And yeah, the 1-3 btc ipo people hopefully sold at least some of their coins early on, to recoup some of their cost. That's a lot of coins to move though.
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Nameless is good as a description but not for name of co8n. Worse than honeypenny. A lot worse. I actually don't mind honeypenny but it would not be a good name for a coin either
Agree on both counts. I assume everyone realizes that when I said I liked that name, it was simply because of my member name. Honeypenny reminds me of James Bond's Moneypenny, so it's a pretty bad name... unless a coin is going for a Bond theme. But besides the obvious anonymous/incognito/privacy coin, blah blah, not sure what to suggest. |
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I forgot how much was put into it. I guess there are some folks with a lot of coins still, as I don't think there was enough volume over IPO prices to handle too many. I see I made the bottom of the list as the cheapo of the bunch. |
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