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This dev is a RETARD!
the idea has merit unfortunantly a 50% premine and IPO
is all I need to know
Either this guy is completley stupid or is a kid either way
only an idiot would waste electricity on this
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yes i'm completly upto date with the correct config file although i'm consdiering removing that to see what happens today the wallet has staked some 14 times with only 2 orphans so far however yesterday and the day before 19 times 10 orphans 57 stakes  29 orphans  so short of redoing again from scratch not sure if this is everyones experience in terms of staking amount and orphan rate, I highly doubt my core quad i7 8GB mem is the culprit as everything elsse is working fine |
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 awesome im staking very good  you're doing better than me I've got no less than some 50 orphans since fork  |
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A little arguement against massive interest: If thinking of it like a blue chip investment it's worthwhile knowing "interest" paid out should/does not increase the money supply in blue chip stocks. Dividends in the stock market come from earnings and are paid out in fiat to holders (who then choose to keep the fiat or use it to buy more shares (a bit like the multipool system)) as opposed to creating more scrip or 'diluting' the currency holders. The size of the interest is the dividend yield which is predicated upon the earnings made. When sharemarket CEO's want to raise funds, that's when they simply create "new shares" and issue them to investors for a price. That however, always dliutes other holders, unless they were the buyers. The size of the dividend yield can also be influenced by the price i.e 1$ per share dividend payouts can be quite attactive to a share that recently got sold down to 2$ as it would be yielding 50% yet if that share goes back to $10 and still pays out 1$ per share in divdends (usually quarterly) it's yield would be 10% (which mind you, is still very high in terms of the stockmarket.)
You're absolutley right, unfortunantly half of everyone on here probably lost you half way down, but yes i would not advise paying more than 10% interest weather monthly or yearly however monthly would add upto 120% yearly any way so theres that to consider |
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the sheer professionalism here astounds me
Is this fucking troll still here? Jesus get a fucking life RIGHT ON BROTHER!  |
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the sheer professionalism here astounds me
Is this fucking troll still here? Jesus get a fucking life when inserting a picture does it have to be on the net or can i just copy and paste it? |
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I think you are a bit confused about how finance works,
interest in dollars has absolutly no bearing on interest in euros that only becomes pertinent when exchanging one currency for another
and no one invests money that way.
My point exactly! So why do you use banking interest rates as an argument for how much cryptocoin interest one should have? Who's confused here?  Please don't accuse me for not knowing finance. I've worked as a programmer in this business since 1998. I think you just mixed up what I was saying ( /trying to say in a language that's not my native)  As for bag holders you're only a bag holder untill your price is met and i can absolutley guarentee that if somw millionare comes along
and offers 20 btc to 1 syn you will sell and they will take a stake in sync, so bag holding is areal moot point
Correct. But you will be more easy on the trigger if your Sync is in Bittrex already, and millionaires very seldom comes along and offer you anything at all unless they know what you have. E.g. at the market. anyone can put a buy offer on bittrex its upto a bag holder to see the price and sell their sync if they want but yes obvoiusly if you already have sync sitting arround on an exchange then you will sell quicker than someone without sync on an exchange. and again bag holding is a real moot point i'll hold onto my sync untill such a time as my price is met i'm not in sync to gain interest, I can make well over my holdings in sync in one night of trading on the exchanges i'm holding sync because i know that its value will rise in time to justify my expense in its purchase. But anyway the dev pretty much knows my take on what the interest rate should be. THE PRICE after that will reflect on how well the market accepts this decision and therefore influence all our decisions on weather to retain sync or not, such is the world of finance, in my opinion only fools and little kids play with crypto currency in the hope of getting rich quick and it never ceases to amaze me on how many of them there are, theres tons losing money on boost as we speak lol |
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how do you insert a picture??
does the picture need to be hosted somewhere?
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As I have pointed out numerous times the best way is to compete directly with the banks
Investors are always looking for a safe haven where they can store and grow their value assets
they also will use these assets and then replace them when and if needs occur, hence banking gets away
with what it does.
at the moment banking is on its knees with most offereing 1 to 2%
but thta can easily be and has been as high as 5-8% so therefore 10%
is reasonable and attractive, it will allow the coin to retain a reasonably long distribution of 15 to 25 years
and lets face it whole countries and societies rise and fall in the space of 25 years these days so anything longer
than that is just a waste of time as no doubt the world would have moved onto infinte other ways of doing things by then.
See that's part of the problem; you can not compare cryptocoin staking interest with interest in a fiat-money bank. That's worse than comparing interest rates from different currencies: As an example 10% interest rate per annum of Russian Ruble is a totally different thing than 10% interest rate of Swiss Franc. Gold doesn't produce interest, but a gold-coin's buy-power is relatively stable over time. Euro and dollar are artificially kept alive, and I'm not sure if even 20% interest rate would turn me into a believer. It's all floating.. The interest rate from Sync won't be worth anything at all if everyone gets it and if investors at the same time considers our total market capacity the same.. What we do instead is that we take value from the people that are not bag-holders by making their money less rare, and give it to the people that are bag-holders! What we can achieve by rewarding bag-holders only, is that much of the coins will be held away from the exchanges and it will be very easy to pump. As a bonus. we'll keep wallets online as much as possible maintaining the network and securing efficient transactions. That's all! And if you paid 125$ for one SYNC today, you might still get only 125$ for the 2 SYNC you have after a few years, perhaps even less... unless we make people believe in Sync and it's future value, by pumping on the exchange and at the same time writing buttery words in forums and elsewhere. Interest and Interest can be very different things. OPEC coin is giving 2% staking interest. Not per year: Per month!Perhaps those are the ones we should compete with about investors money and not the type of investors that would save fiat money in banks? It's still only numbers, but it's a lot of psychology in those numbers. I think you are a bit confused about how finance works, interest in dollars has absolutly no bearing on interest in euros that only becomes pertinent when exchanging one currency for another and no one invests money that way. As for bag holders you're only a bag holder untill your price is met and i can absolutley guarentee that if somw millionare comes along and offers 20 btc to 1 syn you will sell and they will take a stake in sync, so bag holding is areal moot point |
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I had been previously referring to the current interest rate which is 100% per year, not per month. If you start with 100% per month and reduce the interest to .65 monthly, the final coin supply would hit 17,131 at the end of year 1 with a final cap of around 17412. It has been mentioned before, and I agree that the rate should not be time based, but based on the # of coins in existence. We are currently wagging the dog by the tail, though - instead of tossing around random formulas, we first need to determine two things: - Is the final supply in fact going to be 10,000 Sync?
- If so, roughly how soon should that limit be reached?
Once we have the answers to these questions, constructive suggestions can be made about the method used to get there. yes, that's why I underlined per month. Thought you would get it then. No, as the chart indicates you will get to 9798 at the end of year 1, with a final cap of 9958 or slightly higher if we include the stake already generated. Please read again: multiply the last months interest per month by 0.65.I understand you value your own "constructive suggestions" more than my "tossing around random formulas", but I suggest you at least read what other people write before getting to conclusions. The 10000 are already set in stone/code and must/can not be changed as it will ruin investors trust forever. Exactly after how many years the asymptote should reach it's limit can be discussed, but a steep start is likely to attract more investors early on and that will boost the price for long and short term investors. Please understand that I was in no way trying to be combative or insult your suggestion, nor was I referring to only your suggestion as being a random formula - I was referring to all of the formula suggestions so far, including my own. I only used the word "constructive" to try to discourage the trolls from just flaming ideas, and to encourage the Sync community to participate. So, question 1 has been answered - there is to be 10,000 sync total, correct? All that is left is to hear, from the dev(s), roughly when that should happen. Once we have that information, mathematical suggestions can be made. correct 10,000 is max coins in the code. when that should happen? quick or gradual? Id prefer slowly so the coin has a pretty long distribution. Think Dev wants that also, but at 1 per cent per year it could take 3000 years before we reach 10,000  As I have pointed out numerous times the best way is to compete directly with the banks Investors are always looking for a safe haven where they can store and grow their value assets they also will use these assets and then replace them when and if needs occur, hence banking gets away with what it does. at the moment banking is on its knees with most offereing 1 to 2% but thta can easily be and has been as high as 5-8% so therefore 10% is reasonable and attractive, it will allow the coin to retain a reasonably long distribution of 15 to 25 years and lets face it whole countries and societies rise and fall in the space of 25 years these days so anything longer than that is just a waste of time as no doubt the world would have moved onto infinte other ways of doing things by then. |
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this is 100% premined coin...20% for IPO and you still keeping 80% of coins in your hand?
ARE YOU KIDDING FOOLS AROUND?
This is the key point, and the price is bullshit. 100% premined coin? Don't know from where you got this but its definitely 100% FALSE! 80% will be mined. Not even a clever scam. Next time come back with something more intelligent. Just goes to show you how many retards there are in our crypto community hell if these twits applied their logic in choosing coins to invest in the real world of finance they would all be beggers on the street having lost everything. The very fact that Polo has anything to do with this shouts what they really think of their customers Notice how the Gambling motive is tied to the names and launches of these scams, most of those that support these unethical ipo's are hardened gamblers wheather the know it or not or just plain stupid, either way their money is as good as gone lol |
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the trolls are out in force today folks, they are everywhere they have grown in number because they is dumb and lost all the oppertunities going three in the last 2 days alone lol! |
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I feel sorry for all the idiots that sold their boost! TO da MOOOOOOOOON! |
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I sugest asking for donations
and see were we get, i'm sure if everyone gave a tiny bit
we could easily raise the sum
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Just grabbed 20 000 B on bittrex for only3600 grab some while you can |
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Is this still happening?
The OP is Completley bare
doesnt inspire confidence
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You all need to take into concideration that coins in most exchanges wont be staking. Also lost and forgotten wallets wont be staking. Finally unless something changed since I last looked there is a hard limit of 10k coins within the source code itself.
Yes iknow all this my point whihc seems to have been missed is that from a marketing point of view how do we as a community intend to market the coin, do we all really understand this coin We're all obsessing about interest rates and yet we don't have the basics right which is concerning Another point I forgot to mention is i can't find a web site?? DEV was asked twice today whats the website, could'nt tell them? tried to add the coin to Crypto Coins Table Don't have half the info available whihc should be on the OP little things whihc i'm sure plenty of investors came to the OP did not see the info and said to themselves nope gonna give this coin amiss I'm not diiing the coin or the dev just pointing out obvious things missing scratch that found the website a little hard to find and not that obvious at least to me but tis there  |
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You all need to take into concideration that coins in most exchanges wont be staking. Also lost and forgotten wallets wont be staking. Finally unless something changed since I last looked there is a hard limit of 10k coins within the source code itself.
Yes iknow all this my point whihc seems to have been missed is that from a marketing point of view how do we as a community intend to market the coin, do we all really understand this coin We're all obsessing about interest rates and yet we don't have the basics right which is concerning Another point I forgot to mention is i can't find a web site?? DEV was asked twice today whats the website, could'nt tell them? tried to add the coin to Crypto Coins Table Don't have half the info available whihc should be on the OP little things whihc i'm sure plenty of investors came to the OP did not see the info and said to themselves nope gonna give this coin amiss I'm not diiing the coin or the dev just pointing out obvious things missing |
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Just an FYI - If my calculations are correct, leaving the 100% annual POS in place for 2 weeks and then halving it monthly would result in a maximum coin supply of around 1131 Sync.
41.67 sync generated by 100%/year for 2 weeks (1000 * (1 + 1/24))
43.403 by 50% for 1 mo (1041.67 * (1 + 0.5/12))
22.606 by 25% for 1 mo (1085.07 * (1 + 0.25/12))
11.538 by 12.5% for 1 mo
5.829 by 6.25% for 1 mo,
...
Adding up all of the diminishing stake amounts has an upper limit of about 131 coins generated from stake total, so we would get nowhere close to 10000. Even if the rate was monthly instead of annual, the limit would still be less than 3600 total
thats the reason why the discussion about maxcoin is worthless and just a hint that someone either has no clue about that Thing OR DONT WANT TO SHOW THAT BEACUSE HE´S just trolling good work I agree we should all seriously discuss the number of coins available as at the moment only 10 000 will only ever be in existance as i was asying earlier for this coin to have any chance of attaining it s fair value it has to measure up against gold and silver as an investment vehicle. Lets face it 10000 at 100 btc each is only 1 mill now that hardly is going to fill demand should the coin be widely adopted and one thing is for sure never in a million years would i hold a 1000 btc equalient crypto coin over the same value amount in gold and silver in my personal possesion thats just way to risy period 3 reasons 1 gold and silver retains value no matter what 2 you can trade gold and silver without a computer 3 Its a tangible and physical object you can hold in your hand So we need to ask ourselves do we want this coin to be widely adopted and recognised as a crypto currency that hold value, and how much would we reasonably agree one sync could be worth. If my reasoning is sound even a little 10 000 coins is not nearly enough to fullfill future demand look at it this way if only 100 people in each country in the world were to have just 100 sync at 10000 btc each (1 million $ US) which is a bit mad as its not BTC then you would need a minimum 30000 sync Simple as that for 100 common millionaires in each country to be able to hold just 1 -10 % of their wealth at 10 000 sync only that math works out to 5000 - 10000 btc in value = 1 Sync Will never ever happen in a million years beacuse gold and silver is more valuable as a commodity and is a tangible currency whihc crypto and fiat will never be. Please correct me if i am wrong in this. |
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