Do you guys think Putting buy support at 1 sat is a good thing right now? It will allow people an out if they want. Just not sure if people want a dev putting that wall up there or not. Thank for the input.
PoW supply is around 7 mil and you're putting 57 mil buy support @1 sats?
I think you should put 10 mil buy support @10 sats (it's just 1 BTC and I don't know the PoS amount, so it could be fair.)
Also That buy wall should be put by a trusted escrow not by you.
At this point I do not want to buy up the coin. I will catch the dumped coins but not sit here and buy up all the cheap coin. I also do not want it in escrow because I did not intend for this to be long term buy support. There was no ICO or anything just purely my money. This is almost a, If you dont believe in were we are going here is your chance to get at least something
I am debating on should I leave it up or not. I am not sure if it looks bad having a dev put up a buy wall like that or not when it is not meant to be permanent. Hopefully this makes sense what I am asking.
Then you should just put only 0.01 BTC buy wall @1 sat (that's 10 mil coin buy support which covers all coins in circulation).
Putting a buy support which will never be accumulated like 57 mil, is quite unnecessary & misleading.
Also As far as I remember this coin's PoS was broken it was staking too much. (It staked 2x of total coins in a week, which was suposed to be 1/50 of total supply). Did you corrected it?
edit: also wallet is not syncing. What're the addnodes?
This is something we are working on. A new wallet will be released fixing these problems later this week. We wanted to inform people of our intent to take this coin over as soon as we could so it would not be view as us gather a bunch of coins and then, hey look here are some updates so price sky rockets. We were looking at various coins to use with our partner and we literally just stumbled across this one because of the ticker. We will be changing the name too. We basically just want the Ticker and figure this cheap of coin means it will be able to be distributed fairly. It will not be in the hand of a bunch of miners wanting to recover mining costs.
Well, If you really want the ticker you can ask to the old dev(s) to re use it, If you can't reach them then ask to the old community about it. Probably they'll let you use the ticker.
There're lots of options for fair distribution BTW. You don't have to revive the dead coin. Just create a better clone.
For instance you can do something like that;
Let's say you premined 10 mil coins then it'll pure pos 10% yearly.
1 week signature campaign for 20% of coins. (All member levels can participate).
Total Weight = All newbie posts* 0.1 + All Jr. posts *0.2 + All Member posts * 0.5 + all sr posts *1 + all hero posts * 1.5 + all (legend+staff) posts *2
Participant's weight = posts count * weight
Participant gets = 2 mil * Participant's weight / Total weight coins.
Then ico/ipo etc phase starts for 20% coins for 1 week.
Then 10% percent coins will be distributed for "social media" sharing, tweeting, +1'in etc. (They all have different weight & follower count etc).
Till now no one will get any coins. Those will be distributed when mining phase started. Also no exchange please till mining starts.
Now there're 50% of coins left; Those will be mined by miners in 2 days etc. (because not only rig owners can mine but also people can rent rigs etc).
After mining phase finished PoS will start.
Show Posts
