I agree, cutting Pow will not have a significant direct impact. It's an unnecessary move and is only desired by investors who are hoping to get a slightly higher percentage. It's silly that this is happening for them, because these people are forgetting about the big picture. We don't need to make small changes to get small increases in price. We need to focus on the innovation that's planned for the upcoming days and weeks. Anon, website, expanding to other exchanges etc. It seems people aren't able to think more than 3 days ahead. This coin has only showed a small part of its potential yet.

I don't understand, when you have been on this forum for over 1 year, how can you still make these statements without realising this kind of fud is exactly what thrives a price drop of an altcoin ? These things aren't said to help a coin grow, on the contrary. The dumps happening are a natural reaction to the success of Supercoin as is seen with any popular altcoin that's having such an increase in price. You know anon still has to be implemented, and we are only yet listed on 1 big exchange. This coin is just starting, and will take major leaps in the next week(s). You know these things, so you should also know a pricedrop right now is only created by fud and you just gave that a little push in the back.

On the positive side, i hope all weak holders are being filtered out right now.

I've been checking bittrex the whole day, it was clearly someone trying to manipulate the price. There was a dump followed by a massive buy order at 1 price, and afterwards all new (higher) buy-orders got immediately sold to. An attempt to dump and rebuy for lower price. He kept trying to bash price by selling supercoins to my low buy offers, which i put in just slightly higher priced than his massive buy offer his little tactic doesn't work on us

Nice

The lower the coin is selling for right now, the lower the weak holders will dump it for later.. so if you don't mind, i'd like to take action instead of taking it easy, even if it's for the small things, i strongly believe being passive is not what thrives this coin.

damn this multipool really is a pest :s glad i got 75k at 4000 sat but there's been dumped about 3 btc between 3800-4000 sat right after, is it all from the multipool ? it would have been over 7 btc worth of Supercoin :s

it didn't happen yet, it is no reason for the multipool to dump less.....

why has multipool apparently stopped selling ? i'm trying to get some 4k sat supercoins before the price skyrockets tomorrow but i don't see multipool dumps anymore ?

I am aware that exchanges use no different wallets, but if you'd implement the example i gave, it would not really have a major impact on us. Imagine you just 'block' the PoS for 1 hour when the amount of coins changed in a wallet (excluding if PoS generated coins are added). The exchange wallet would be unable to PoS since the value in its wallet would most likely change at least every 1 hour. This doesn't have to mean a wallet has to wait 1 day for PoS to start again if the value changed, it's just litterally 1 hour of PoS that's been blocked. Just as long as you don't make another transfer. I think it wouldn't disturb the other people's PoS since stakers aren't going to trade that often as exchanges.

So ofcourse the exchange could make a wallet for Pos and one for trading but again, it would at least lower a big part of the PoS for an exchange and if you implement other ideas like these, and combine them, you can effectively make it hard for an exchange to stake a big amount of their coins. It could really work without creating negative effects for us personal stakers if you're creative with the ideas. I really hope you give it some good thinking and if you would like what i wrote tell me, if i get time i can help looking for more ideas.

Rnbin

Can't we code something that makes it impossible for exchanges to PoS ? Would be nice to be the first alt coin who has this coded.

For example, making PoS impossible for wallets when coins have been moved within 1 hour (or something like that) ?

Ofcourse the exchange could create a wallet for PoS and a wallet for trading, but it's one single thing to code and could effectively keep a big amount of the coins from being staked by exchanges, without really bothering anyone else.

Imagine you'd code several of these 'obstacles' for exchanges just like the example i gave, and implement all of them in the coin source, together they could make it really hard for exchanges to stake a big amount of our coins. Without annoying the personal stakers, ofcourse.

Just an idea !

Is this multipool dump you guys are talking about being automated ? for what amounts does it sell each time then and how often ?

He stole 22 BTC right ? When it was about $650 making it a bit less than $15k. In Delaware, Georgia and Tennessee you could sue him with small claims court, but i'm no american so i don't know how it works when suing a foreign person for internet scam for >$1000, don't know if you get to choose between a desired state court (since the scam didn't take place in a specific state, assuming he's canadian right?).
Also keep in mind, most places in Canada have way higher limits for small claims court (even up to $25,000), perhaps you could manage to get a canadian team member to sue in Canada ? (and if you don't have one, get one that can represent your whole team overthere)
What also might be possible if you are suing in USA and you DON'T get to choose in what state you are going to court over this, is simply claiming less (many states have a limit of $10.000, or $7.500). Not ideal, but if all other options won't work (or will not be cost-efficient) you could suggest he can, for example, keep $5.000 for the 'work' he put into the coin, and only claim the remaining $10.000.

In any case, if you're not going to claim money, you should go to Justice of Peace. This man is harrassing you and (probably more important) your investors indirectly even harder. No lawyer required, not even any formal legal education from yourself is required, and costs would be low (about $100, perhaps a bit more since he's foreign). So not too much time loss, money loss, or other excuses. I'd strongly recommend you first handle this bobsurplus phenomenon, the internet is filled with quotes of him that you could easily print out and use against him. He was stupid enough not to use any censure several times. Try to claim, otherwise file a complaint, either way make this a priority. If you get a good lawyer, you could even get him to compensate the losses this coin led due to his fud and price manipulations.

Bobsurplus thinks what he's doing is okay since he's safe inside his house in front of his computer but this is truely criminal. And the fact that you guys don't make this a priority is just raising questions for me, and making me believe there's more going on. Let this explain my 'slanderous tone' (refering to your last reply to me). I might be wrong and in that case i sincerely apologise, but if you don't ever question things in live you get screwed over fast.

Nice, managed my place in the top 20 rich list with all these panic dumps. It's nice to see this coin has a solid community with many intelligent holders who don't "go with the flow" when some are artificially bringing the price down. Prices always able to recover, on short term and long term. The road's bouncy but that's exactly my kind of coin ! I'm staying here with this one, can't wait for that the future brings. This coin hasn't even been introduced to the big public properly yet, it's just the beginning !

Congrats Supercointeam with this creation, i love it.

as long as this shitty team doesn't take any steps in taking legal actions this won't happen. why is it exactly though ? are the team members criminals themselves ?



don't bother, i tried to explain that already here

Well, at least those who kept believing in SuperCoin during all the fud are being rewarded thanks to that Poloniex guy. Now it's just waiting time to restore price to >5k sat with a bunch of cheap new coins

Well if they maintain some buying and selling themselves to get the volume and price up, how would it not help the fact that the coin has a nearly dead volume for the past days ? Looking at the graphs this coin is nearly DEAD, how are they planning to attract new investors this way ? They have lots of money yet give the excuse "Please also realize that we lost 22BTC with Bob's departure, so while we have funding it's not at the level we originally planned and we need to be smart about the way we use our money." RI-DI-CU-LOUS ! Yeah, that leaves them only with... 113 BTC, or $70,000 ...! This is the most money i've seen a team make before coin launch, yet this kind of greed is unseen for me. NO SINGLE BIT being spend to the community. The community that made THEM rich in no time. And the same one that LOST their investment in order to get them rich. There is just no excuse, for letting this coin's volume die together with its price. They should already be interfering and make this coin alive from the start. Right now, the IPO was just plain obsolete (or a rip off, you may say) and instead of taking action to prevent its death, they simply claim to partially compensate those who made big losses and were long term holders. Smart thinking, it wouldn't even shock me if they exploit the fud of bobsurplus to give an excuse to the cause of their dead coin, thus not having to feel responsible for it. Making themselves hero's by compensating a few holders with a few coins, showing their 'generousity'...

As of how the team's working right now, this is just not correct to me. How can we tell sufficient money's been spend and will be spend to important things, where's the proof ? The funds you put into your project should be PROPORTIONAL to the money you got from the IPO. Otherwise this is just a plain, silent scam. Put the greed aside, you have the funds to make this coin grow, and benefit together with the investors who made this all happen.

If that Busoni guy admitted he was wrong https://bitcointalk.org/index.php?topic=652351.msg7319548#msg7319548

Why did he still didn't edit the front page of his fud topic ?? https://bitcointalk.org/index.php?topic=652351.0

Is this what you people are looking for ?

By the way, busoni, about time to edit your 'heroic' topic don't you think ? Clear up the fud you created on the first page will you ?

Ofcourse, the average volume has been under 2 btc for the past 2 days, there wasn't even the slightest dump. I am not worried about his actions, supposing he has the brains to (eventually) see he's not getting any revenge doing the things he's talking about. The only thing i worry about, is the involvement of the team on the market. They made an enormous amount of money on 1 day, they could easily help the volume & price set to above IPO price. But i'm not critisizing, just hope to see some more action (like in other crypto's). I suppose most work done right now is behind the scene !