Ikr, don't understand why someone would take revenge on the investors when having personal issues with a developer

I don't usually mine/stake my coins, i just invest, so the POS system is still not 100% clear for me even after reading the wiki.

-why is there a stake period of max 40 days ?
-"10% interest yearly" does this mean i'll get 10% only after 365 days of holding my coins in my wallet ? 

Crypto will. He has already bought a part of yin/yang and is going to continue buying it at poloniex when he gets more BTC. it'll probably be bought around 375-700:

is there still going to be a 2nd distribution or can i move my Yang to Pol

He told me "I'm not sure what about your plan is not what we're doing" a few replies up. And the plan does not eliminate the swap, so i suppose you're still going to be able to trade it for Harmony. I also suggested the swap could take place straight away and not just after the IPO, since it would restore yinyang's value. He originally wanted to hold the swap after IPO because yinyang was basically worthless thus not making the IPO fair/interesting for others. But the idea seems to have massive effect already as yinyang's skyrocketing, so i see no point in not holding the swap together with the IPO if yinyang value manages to stabilize at a good price.

I was refering to you saying you'd buy the yinyang after the IPO before.

And lol what's all this panic from the community all of a sudden ? Don't you all realise you could prosecute nearly all altcoin creators for an endless amount of reasons ? Have none of you heard of "illegal insider trading" before ? It's mainly what every development team of an altcoin does. They hold way more non-public information and aren't always correctly announcing things, but instead sell/buy their own (or other) coins with private, non-public knowledge. If a dev/creator holds coins, but tells you he doesn't and says the community holds all coins for instance, and afterwards he sells these coins, he did this with: non-public knowledge. That itself could be a reason to sue already.

And yes, altcoins can be considered 'other securities' too.



Insider trading is considered a criminal act in most countries around the world... tell me what altcoin team, consciously or not, doesn't do this ? Why on earth do you think the bitcoin developers aren't claiming to be the owners of their multibillion dollar invention ?

Most people (i'm talking in general, not altcoin related) get away with this without jailtime since they made such an enormous amount of money doing this, they can easily bail themselves out, even though it's a hallucinant fine they have to pay.

Don't fear though, no government is going to bother suing altcoins on their own initiative as it's already hard enough for them to investigate the real stock markets on this. And that's the market where they can claim big money if they find insider traders. Altcoins are worthless in their view. See it as downloading music, we continue doing it even though it's illegal. We relativize the risk of getting into trouble doing it and that's not too weird, how many times do you hear people getting sued for this ? Compared to the amount of people that don't get sued ? Yet now everybody panics because of one single sue complaint... No doubt Pol has heard about this news and, wherever necessary, will take action right away so they can continue their business without risking getting sued. Just be patient there's always a solution for these problems...

Damn I couldn't sleep just thinking how this could never work if you do this after the IPO. First of all, if you want to lose all association with yinyang, you need to get 45 BTC from the IPO in order to buy out the complete yinyang market as this is the onliest way to discard complete association. Meaning no yinyang has to be swapped after the IPO. Not only is this gonna be impossible to get, but how are you going to make the whole community trust you with ten-thousands of dollars worth of BTC from the IPO, if you have no real solid reason to not buy out the yinyang simultaneously ? Doing it afterwards is not going to get Harmony less associated with yinyang as when you do it before/simultaneously...

And as mentioned it's just IMPOSSIBLE to kill all associations, think of the remaining yinyang that still need to be available for the swap. Do you really want to make the harmony investors believe harmony and yinyang have nothing to do with each other only to let them find out eventually ? Or do you want to revive yinyang, make an end to that project succesfully FOR YOURSELF and start fresh with Harmony ? I seriously don't get why you're not choosing for my suggestion. Please don't kill the thrust you were slightly building up again for yet another time. You always stated you're doing this for us, the people who invested in YOUR yinyang. And you literally asked us to work as a community and implement ideas. So what's up with that ? You'll earn your big part from Harmony too if you follow my advise, i didn't leave you out on this, don't worry...

I'd suggest you let the community decide if you're still not convinced, since satisfying them will be the key in the succes of Harmony. saying you're gonna buy the yinyang market afterwards is just going in the shady zone again. I'm pretty sure my plan is rock-solid the way i set it up, if you adjust it like that you'll totally kill it..

Gonna sleep now, if i may give you one last tip: make sure you find a way to promis to the rest of the community you're gonna buy the yinyang afterwards, or they might panic and spam the Harmony thread with uncertainty: not good.

+ Don't wait too long announcing the new plans. Don't forget to already announce the buy-wall price you'll implement for yinyang either. It'll temper the peeps' vulnerability to the new changes they'll be happy to hear about it.

goodnight

okay, i suppose you know what you're risking. you're the creator, you decide and thanks for implementing the rest of the idea, means a lot i could contribute to a better future for Harmony

You can't hold the people from not talking about yinyang and associating it with Harmony. It's honestly better to get the rep of yinyang fixed so it can be a positive association. If you are going to buy out yinyang afterwards, you might aswell do it before anyway... You don't even have to fully buy it out yet, if you buy enough to set the wall at 375 satoshi, its reputation would already be stronger. i've been buying some yinyang to strengthen its wall already but i'm not gonna buy too much, you can use the BTC you spare from buying it cheap for mintpal. Restoring its rep is pretty simple and doesn't require that much BTC, and it'll eliminate all negative comments on the association with yinyang. And the association YOU have with yinyang ofcourse too.

BTW: I've edited my last post a bit, just wanted to check if you read the things i added too?

Damn i'm glad we're on the same level, writing that costed me way too much valuable time with upcoming master exams for this to be ignored :p

I was going for the same idea, indeed, it'll be less associated with yinyang. There's still an association though because the remaining yinyang coins (those not spent to IPO, or if people prefer to hold) could still be available for the swap ofcourse. But that's cool since yinyang's reputation will be restored. No problem in having an association with it !

Yinyang is not supposed to keep living though. Give yinyang a proper funeral by buying it out and hold/destroy those coins as i mentioned in my plan before. You can leave the yinyang episode behind you with a good ending, and have a fresh start with harmony. With a purified reputation. Keeping yinyang alive, there's no point in doing so. The coin will just die again (you don't want this on your name, seriously), better to phase it out yourself at a healthy point. Best/only way to finish that project succesfully, you'd probably be (one of?) the first altcoin creators that actually succeeded to finish a project AND satisfy the investors. What better way to start with a new coin ? Who wouldn't want to take part in Harmony ?


Ofcourse you MUST have a transparency of your trades (IPO AND Yinyang). The community must be able to see there's a ratio of 8/1 between yinyang's bought and IPO harmony sold. If not, there's no point in doing this or no one will be able to check if the yinyang is actually being bought. I suppose it's hard to do this with Polo addresses. But i'm sure there are ways of doing this. Maybe you could put all the premine in one wallet first, or even destroy it with the method you mentioned in the thread before. Then afterwards, provide another wallet where you send all the bought yinyang to. And make sure the community can follow everything with the blockchain. (i'm sure there are better and more transparent ways of doing this, but it's just an example you can build further on if you wish).

Okay so i wrote a suggestion below. This started out as a no-brainer but i put some thinking in this while writing it, edited a thousand times but it might just have massive advantages and eliminate many disadvantages that we currently have. So hear me out on this for a sec and try to read everything, it took some time to fully develop this idea:


Imagine having an IPO, but instead of distributing another 500k harmony for the IPO, you could just use the harmony that was supposed to be swapped for yin/yang, and for every harmony bought as IPO you (the team) just buy 8 yin or yang from Pol with the money received from the IPO investor.

To give an example: An investor wants to buy 10k harmony of the IPO, say at a fixed price of 3000 sat per harmony. He pays you (YinCoinYangCoin/the team) 0.3 BTC for this and you give him 10k harmony that was supposed to be swapped for 80k yin or yang. So, now you buy 80k yin or yang from the market (with the money you received) at the lowest price possible, and 'destroy' these. Now in case you buy the yin yang from Pol in the range of 1-375 sat (375=3000/8), you will:

1. have eliminated the yinyang of dumpers who would've dumped their harmony for under 3000 sat (the IPO price) after the swap (i'm explaining this below)
2. instead of people dumping during the Harmony phase, coins will be dumped prior to this: they'll dump in the yinyang phase
3. this will not cost you money, you'll actually make a profit from dumpers selling yinyang under 375 sat
4. profit can be used for mintpal etc.

In case there are no more people selling their yinyang under 375 sat after a while, this wouldn't be a problem (on the contrary!): It would mean you eliminated all dumpers who were going to dump harmony for less than the IPO (< 3000 sat). Because they're better off selling yinyang at around 375, instead of dumping cheap (< 3000 sat) harmony after the swap. (So IF many people will sell yinyang at 375 sat and not lower than that anymore, it'll create such an overflood of sales at 375 that there'll be a lot of competition amongst sellers, thus naturally generating lower prices. Even IF, theoretically, this competition wouldn't happen and it'll only be sold at 375 and not lower, it would still eliminate dumpers too so wouldn't be a problem.)


Some more advantages:

-There will be less yinyang holders, so less swap (this is what the creator wants!)
-The fact that yinyang will be swapped for harmony, will no longer have such a negative aspect since yinyang will be worth something again.
-Harmony won't be a replacement for a 'dead' currency: there'll be put life in yinyang again prior to its artificial destroyment by the swap, healing its reputation (thus healing the reputation of the creator, the team and ofcourse: harmony).
-If yinyang sells for around 375 sat after a while (which is very possible as long as the IPO is succesful), the IPO investors will NOT have the disadvantage that yinyang holders will get their harmony way cheaper (as of now yinyangholders will get Harmony for about 800 sat, since yinyang's currently about 100 sat). It would be unfair for the IPO investors, as you mentioned before, since they spend 3000 sat. With my idea, if yinyang naturally gets to about 375 or more in good conditions, this disadvantage will be eliminated aswell. Yinyang holders pay about the same price now so it's equal, plus they can gain profit if they don't dump this time (this would be a first for yinyang...!). If it doesn't make the 375 sat, still some dumpers will be eliminated and it'll still have a positive impact, with even more profit to spend on mintpal (win-win situation).

Note: ofcourse you (the team) are supposed to buy yinyang from the community for this to work. If you use your own yinyang (or from the team) you wouldn't eliminate the dumpers thus have no effect with this.

Note2: in the beginning, when yinyang will be < 375 sat, people will prefer to buy yinyang instead of IPO. This can be avoided by several ways: the team can already start buying cheap yinyang on Pol, the community can do this too. People outside the community can too: they'll see it as an investment after this plan has been announced. With stable floor of 3000 sat for harmony they have a good investment if they buy yinyang below 375 sat, even if they can't sell it for 375 (if it doesn't sell they'll still have the posibility to swap).

Afterwards the swap can go as planned with the remaining yinyang, without the dumpers. You could even scratch the 'one week waiting time' for the swap to satisfy everybody in the community because a floor of 3000 sat will be set and will be way more stable. No more fear for dumpers.


Looks pretty solid if you are able to find a not too high - not too low IPO price. If it's too high, you get less investors, less dumpers eliminated and less chance of yinyang to reach 1/8th of the IPO price. Too low and still too many people will hold their yinyang as yinyang will reach 1/8th faster. So the one crucial task the team has, if this plan gets implemented, is making sure they're able to get enough people to get in the IPO. The positive aspect about my plan, is that the plan itself should make IPO more attractive for investors.

Plus, if you start with the swap, the swap would be the actual IPO.. unless you are talking about another IPO than Initial public offering ..

Are people going to invest when they know it's not really an IPO ?


And will we get enough 'ipo' investments at 7000 sat for harmony?

does this mean all swapped coins will become available for trade at once ?

You, few days before:




what an immature fool you are

Let's try again:

Glad to finally hear about improvements. I hope words will turn into deeds and i might like where this is going. The swap you were planning per 5 days in 12 blocks, got more info on that ? I'm wondering how it'll roughly work. You'll announce 12 specific times where every individual can swap as much yinyang as they desire untill 1m yinyang is exchanged per block ? So if 1 person would swap 1m on his own this would be possible ? Or will there be a limit for every individual so we won't have these situations

Highly doubt you ever put 6 BTC in yin/yang my friend. If so, you are just a plain idiot for not daily checking the official thread for a $4000 investment in perhaps the most volatile market existing. I got about $150 invested and checked poloniex/forum/twitter once every few hours...

Please don't just read my words but use your brain while you do. This community is indeed complaining when the price goes down. Surprised ? After you created this community by luring them with free coins ? Letting those who hold, benefit nothing. And those who dump get money? Leave alone the fact that yinyang failed before because of a free distribution ? You are just another great example of what's going wrong here as i stated before: instead of learning from the past and deal with critics like a man, you get in a defensive mode and try to shove it all to the community. And again, what community, honestly? The people you lured with free coins or the ones that walked out LONG TIME AGO because of all the bullshit ? Your team created this, remember that.

And we should stop commenting like this unless we've got something useful or helpful to say. We're all frustrated mate. But this will not get us through. Yin/yang is so cheap now, it actually became a very interesting investment. Harmony coin doesn't even have to reach super high floors. Even when it's going to turn out as a moderate, below average coin it could be worth the investment. Those who can't help should wait from now and let the team come up with something good. Those who can help should get involved and help to implement some good creative ideas. From here the coin's rep can only go up, an so will our investments. The creator is not swapping any premined coins and even stated not to get any Harmony coins himself.


He is looking for a solution for us. And it's true what he said: if he wanted to earn on this and walk, he could've done it many times before. So don't lose all faith, as long as he's still here and is willing to continue we can make this worth it. We all make mistakes in life, it's called growing up. Those who never made them are vulnerable in the future since they haven't learned from experiences in the past. Yinyang has build up immunity and can only get out stronger. Give this another chance, cause what's to lose at this point ? He had his wake-up call, he's alert now and aware of some new stuff now. It's time to recover.