What if you explain to Bill from Bittrex that the IPO money is needed for the buy back, and will increase investor confidence no end?

It is after all part of the proposed deal, everyone knows its happening. What people can't be certain of is that you WILL buy the Yin/Yang when you have access to the IPO funds, surely if the funds are held by Bittrex until such time as the product is delivered, then by the same token, funds should be transferred to Poloniex, and the buy back begin immediately to ensure fairness for all.

Tell him that.

Well I'll just take the BTC thanks. If its not too much trouble.

Hey guys, really no need to talk like this. I can't help it if they spread so much FUD in that thread. It wasn't solely my decision to go in on the IPO at 6K, but it really it is a pretty fair price looking at the what could be achieved. I'm still here, but I'm also busy with HarmonyCoin, and trying to rectify that situation. As noted, I have already started doing the buy back. Buying 2.7btc worth of Yin/Yang.
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What a coincidence, that's exactly what my 270,000 Yin and Yang are worth! Fantastic!

So when will this transaction take place? My coins are on Poloniex right now, you can deposit the 2.7 BTC for them here:   14NvDLGDvhep1yX8QC4rdJXGbF7GHCZF84

Thanks!   

Right, well I distinctly remember the other guy saying he would buy them up to around 1000 satoshi's. This post has now been edited to read " I will buy them up to a fair price"

Who determines what is a fair price, the dev? Because the original plan was to return Yin/Yang to a 10,000 satoshi floor, and have a trade in for a new coin.

Then he was going to sell 500k coins in an IPO. He seems to have increased that amount quite significantly .

If you read the thread for the new coin, the kindest thing anyone has to say is that the IPO is overpriced, most feel that it's a scam, especially Bobsurplus, jumping up and down shouting "You've copied my coin, it's a scam" over and over. While he may be a complete hypocrite, his new coin merely being a copy of XBC and XLC, mud sticks. It gets the confetti GIF on page 5, which says it all really.

Promises of new values, a new coin to rival the top players, all turn to dust when you don't have a serious plan and keep changing direction. Jacking up the IPO like that? It just looks wrong.

So who is buying the Yin/Yang?

Where are they buying it?

How much for?

And this is where a self-moderated thread inevitably leads...

Some of us ain't dumpers, I've been holding from day 1, got over 250k. I've said it before, but my concern is having to wait a week to swap my coins, and in that week the coin will get dumped on by the multipools. They don't care what coin it is, and they can't play the market hoping for a rise in price, they need BTC to pay the miners, some of those rigs are huge, and they gotta be paid for. I'm happy to support the dev's decision and the coin, hype it up, spread the word, etc, but is there no way to avoid the Yin/Yang holders getting the worst deal, and possibly becoming bagholders of a new coin?

No-one should be banned, that wouldn't work in anyone's favour. Skilled dev's who are recently new to crypto may have brilliant ideas which never see the light of day if they are banned from creating a coin. Similarly, some people may have been on the scene for some time, but a lack of posts deems them a newbie.

However, as a newbie myself, I for one have had ENOUGH of all these shit, scam clones that are destroying this community, this industry, economy, whatever you want to call it, it has to stop, I mean how much longer can it go on without it becoming seriously damaging to BTC? The average man in the street doesn't even know what BTC is, but he's about to be confronted with an onslaught of shitcoins that's going to make the whole of crypto look like a joke. There's been hardly any new money flowing in to the system for months, and I believe this is the main reason.

What will happen to the hundreds of cloned coins out there? Who knows, but I think inevitably some of them will be picked up by criminal gangs and used to trade for their chosen commodity, whatever it may be. Exchanges only care about volume, all the criminal wants is clean, safe profit. Crypto gives him exactly what he needs, fast global transfers in an un-regulated, tax-free system, with a high level of anonymity, he couldn't have designed it better if he tried.

Well, that's my rant over, I've been trying to troll scam threads into in-to the ground as I find them, for me the funniest, and most expensive I've found is Universalcoin.
By my reckoning they want a total of 20,000 BTC for their IPO. Is that some kind of record? Can we start a Hall of Shame to keep track of scumbags like these? Might be a good place to educate noobs on what to look out for when they consider new coins.   

It could always be forked and re-coded couldn't it? If its about to die, couldn't we have a go a saving it, maybe even come up with something no-one's tried before?

As nerioseole points out, the network is going to be slow, possibly even unusable, and this is a problem for all PoS coins when the mining phase ends.

A PoS network is always gonna be slow, the only thing powering it is a couple of thousand CPU's, compare that to the to the hashrate thrown at networks by GPU miners, you begin to understand why. The only way I see a PoS coin surviving would be one with a mass distribution, it would need to harness enough power to process transactions quickly enough to be usable in the real world. I could be totally wrong, but I'm guessing it's possible with enough wallets, but not a couple of thousand. I'm just an ideas guy, no coding skills or tech background, so I'm just throwing it out there, but what other solutions are there to this?

Hopefully one of the genius's out there reads this and has a light-bulb moment, alternatively, feel free to tell me that I've got it completely wrong, what a noob etc, etc. 

Don't tease us! What coins are you talking about?

Your services are desperately needed in the UNV thread:  https://bitcointalk.org/index.php?topic=618089.0

Please help them out! 

Do you have any ideas on how to minimise the effect of dumping, thereby protecting the price floor you are trying to maintain?

How about a high block maturity time? This might attract miners who are less interested in dumping, and it might mean the coin isn't battered by the multipools.

If Yin/Yang holders don't get Harmony until a week after launch, the multipools will have dumped all over any IPO price/floor that you set. How is this fair to people who need to trade-in their Yin/Yang?

Let me put it like this then, I see three people connected to XBC launching an IPO for a new coin while XBC continues to slide into the gutter. You say you've not abandoned XBC, yet your actions contradict you. This coin is being launched as direct competitor to XBC, so I take it that you don't know what is meant by conflict of interest? Does it need to be spelled out for you?

I did. It was merely a question on your choice of exchange. Things aren't clear if you do them in a round-about fashion. I mean, where can I buy Yin/Yang? On Poloniex, so people would naturally think you'd hold the swap there.

It was just a question mate.

Are you choosing a low volume exchange to avoid dumping?

So this is like XBC, but scrypt?

Didn't XBCplus already make one of those? I seem to remember something like that.

And why will this succeed when you can't even get XBC off the ground?

 

I think your IPO is FAR to cheap, and the total number of coins is FAR to low.

Because at the moment, the 0.01% you have allocated for the IPO works out to be a mere 20,000 BTC

Which is almost nothing for all your hard work copying, I'm sorry, I mean developing this coin.

May I suggest a minimum price of 1000 BTC per UNV, total coins should be AT LEAST 1 Decillion, with ALL the pre-mine being used for the IPO. This will ensure that your hard work is fully rewarded, and enable you to enjoy some of life's luxuries, such as solid gold shoes, and being Emperor of the Universe.

After all, you deserve it!

Anyone who mentions Loljosh.

I've seen that. I've also seen people asking awkward questions, questions which have not yet received a satisfactory answer, have their posts deleted, and the subject brushed aside.

Will the new forum be like this?