Very excited about the weekend. Should be fun if Cryptsy comes through Friday with the voting.

And it looks like we are at 50% mining reduction now right?
Nice. Becoming rarer every day. (well every 3000 blocks )

I have a good stack of NRS and I think it's one of the most innovative coins out there.
Pushing the limits of what Crypto can do and backed by an amazing team that is well seasoned.

Not to mention we could be well on it's way to topping 1M dollar market cap soon at this rate.

No "work" is done to print stock certificates. The "work" that matters is everything else behind those pieces of paper.

Expecting to sell "shares" of something at market price that then has a 1%, 5%, or 10% per day inflation is the problem.
Inflation should be 2% a year and not 2% per day.
The logical thing to do would be to buy the coin after it is 100% mined.

Another analogy would be like selling shares of a company in a stock offering and then 10 days later you find out there are twice as many shares.
And then months later there are 5 times more than that. Why would you buy early?

This is all simple math and facts that cannot be argued. They are truth.

It pains me to watch Bitcoin drop in value every month having to deal with such a high inflation rate.
At least Bitcoin should be able to handle it at some point. Other coins -- maybe not.

This is why PoS coins work to hold value. And there is no reason they cannot be mined for a limited time either.
There is middle ground.

I think my point has already been made by the price.
I hope the right choices are made in the coming weeks and months.

Best of luck. I would love to see this project work well.

Gotchya.

Yeah after seeing all the panic on LCL I would rather take it a little carefully at first for 12-24 hours. Rather not pay more than needed to any potential weak hands.

Moon rocket must fuel.

Actually not so. Bittrex has seen many hundreds of BTCs in volume per day. Same as Polo.
It brought us many big coins before they hit the main exchanges. It's basically #4 exchange and Polo is #3. They are not far apart.
If you look at volume today actually Bittrex is already close to Polo. Will probably pass it with XLC there.

The coin launched hours ago -- Why put buy support? We want the weak hand coins first.
Not going to take weak hands up 10 fold and then pay them 10x their money. They need to leave first.

Shaking them out.

edit -- no one selling really though at those prices. Buy walls may need to move up

On a marketing note -- Let's get the Explorer out and submit to CMC today.

Now that DRK might be chilling and more stable for awhile after it's pump.

It's Cinni time again.

Weak hands must be flushed. It is always this way. Same with XBC before it went up 4400%.

Nice!

https://bitcointalk.org/index.php?action=profile;u=294365

XBCPlus ^^^ Profile
The creator of the XBC coin who has also made this coin.

The issue is that right now the coin is being heavily mined and dumped which will continue for awhile until mining has slowed down near it's finish.

Unfortunately like all coins (even BTC) that are setup with such a high inflation rate (around 7-10% per day now with NAUT) it will be hard to raise the price until it's fully mined out.
A good example is MYR. It could never get it's price to stay over 500-600 satoshi. Great innovation but poor specs.

PoS coins and limited mining run coins are the future of Crypto and the key to holding value in it.
Most investors in Crypto know this and will not put money in new coins that are mined heavily. It's just asking to lose money.
The market cap will rise (with the increased "shares") but the coins price will stay flat or drop until mining is over.
There may be surges in price but that will lead to heavy mining to crush the price in the surge.

NAUT is a great idea and has excellent press and backers but would have a better outcome if the coin was forked to accommodate a considerably faster mining reduction and PoS.

I do not own at this time but I am posting this due to the publicity the coin has and how ordinary people will perceive the coin, and crypto in general, when the value drops or fails to rise.

Cinni is about half of Mintpal's total volume.

1018 BTC Cinni / 2334 BTC Mintpal

$440k USD volume on a $963,116 coin. Amazing.

+1

All I talk about is price. Hah. I love it. It's why I do this. I think most people it's the same reason. Same reason they trade and mine.
I don't normally make BC comparisons but when most of the BC investors are now Cinni investors it sure makes sense to mention it.

We can have price talk and innovation talk mixed together. It's fine.

Just have fun and talk about what you want as long as it's clean and truthful.

Would be 67.5 k BTC or 29 million USD or the same as BC peaked at.
There is no reason cinni cannot be the same cap as BC hit with the same buying behind it.
We have already been nearly to nearly 3 million on the first round.

It's really obvious at this point there are big players that want to take the coin to high levels.

So let them do it.

The buy support is once again massive and we are clearly heading back up for the long term.
If you notice that Blackcoin is deflating and Cinni is rising. There is a reason.
It not often a coin turns around in price as fast as this did. Reminds me of BC.

450k satoshi is a very real possibility.
It's not happening right away. But it may in time.

Fantastic

Was watching for a few hours and people stopped selling under 14000.

Just watching mintpal right now. Someone buying tons at 18000 satoshi. This is still an accumulation phase.

You would be wise to hold.

If the rise starts again you will be locked out and have to buy in at more.
The price could go back to 22000 without hardly any resistance at this point. Many weak hands have left.

NRS will likely be on both sites. Mintpal and Cryptsy.
They aren't going to miss out on this volume.

NRS is one of the most innovative coins on the market in terms of it becoming a financial tool of the future.

Would love to see the mining slowed down a bit further but 5% every 10 days isn't too bad for me.
It's already close to reward halved at this point now. 10-15% might be a little better to keep the value rising.

I am only trying to save the coin from failing as a financial experiment.

Other than the specs I am all for everything else about it.
It's fantastic who is behind it. Amazing. But the specs will destroy it. It is certain.

I don't want this to be a huge public disaster when it could actually be a good investment.

Go PoS with a 30 or 60 day mining period. Figure out a fair middle ground.

I know who he is. It does not matter.
This is mathematics. It cannot be changed by fame, tweets, or news reports.

Look at Maxcoin. Look at MYR and Bryce.
These coins will not be "invested" in for a reason.

Even Bitcoin has endangered itself with it's inflation from mining.

The future of Crypto is low inflation coins. I will not buy this coin and neither will anyone I know.

If you go PoS or limit the mining time frame to a far far shorter period then it may work.
Otherwise this will go down just like all the other long term mined PoW coins have done.

And MOST of the people that buy it will lose their money to the miner's that mine it.
It that is your goal then you will accomplish it. But not to the degree you could have 3 months ago before Blackcoin and kin.

Are you serious. At 1% premine coin with 225k coins mined per day.
If you are a miner dumping coins to dummies sounds like a good deal for you.
Good luck.

If you are a trader then stick with PoS and limited time frame or no mining coins.
We are not paying for miner's rigs and their rent anymore.

Have you not noticed the future yet?

Right but I meant revolution in the sense that almost every new coin now is PoS since Blackcoin's massive rise. Was referring to the protection of investor's value through PoS and non-mined or short term mined coins and the fact that most new coins since BC are doing that.

I did a lot of evangelizing as a trader a month or so ago to push that most or all new coins should be some form of those two things. I was tired of paying off miner's rigs and realized I was buying their over mined
coins they were dumping and the price kept dropping.

Now it's heaven.

Now only if Bitcoin stopped mining and went PoS it would hold it's value!