Thanks to you 12G richer. Hows fred looking in the long game?
Vegas
Yet you are still here, addicted to seeing what you know would be worth more. Too much time in Vegas Like I said, comparable earnings to a coal miner lol |
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Lol, this baller bragging about a few BTC  Set your sights higher than what you could earn working in menial labor. I guess you did well if your comparison is that of a coal miner |
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So if it's a ponzi, then where is my giant fund
I'm #1 on the rich list of all 3 coins
Am I not allowed to BUY my own coins...? I don't understand. I spent my own money, I didn't ask for anyone else to contribute to my fund. I bought them all on the exchanges, same chance as everyone else |
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Why do people think the 10,000% was the Experiment? The massive amount of inputs is what we needed to test, which is also why it starts staking after only an hour...the stake rate was just set at 10,000% so I had a round number to use. It was never even intended to be launched; people were begging me to post a version of the chain we use to test shit, so I did
I just read up on your ANN, and you said it pretty clearly there. Let me be clear, my statement wasn't a criticism on you for releasing this coin, more of a critique on those who are lampooning the sustainable profitability of this coin. That said, I'm confident you complicitly made a profit with this coin too. You can only profit if you sell. I'm #1 on the rich list of all 3 coins and still buying |
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I dont think its special, but I think its a move that others should consider in the future of other high pos coins. Im going to share my strategies , and others can adopt them or not. Hopefully they find the information valuable. Another strategy I employ is to wait until the high pos coin is sub 100 sats, and buy back in. USUALLY it wont go much lower, and profit is made from buying in massive volume. Take it or leave it. Spots , now you have addressed me , I beg to differ on your strategy that interest will outrun inflation, it hasnt worked yet on any high pos coin. As you very well know , I was once the top holder of mmxiv, and at that time was worth over $12,000. Notice my address is not there now? Thanks again for a VERY profitable coin  Now the top holder on the mmxiv richlist, who we will call "fred" who has not sold any MMXIV , his wallet today is worth $4250. Care to explain? Vegas Much of this post is not true. Specifically that you have ever been on top of MMXIV |
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But nobody wants to hear how you skimmed a tiny profit off a long term play short term. Anyone can do that; don't feel like you did anything special...
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Why do people think the 10,000% was the Experiment? The massive amount of inputs is what we needed to test, which is also why it starts staking after only an hour...the stake rate was just set at 10,000% so I had a round number to use. It was never even intended to be launched; people were begging me to post a version of the chain we use to test shit, so I did
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It's the definition of a pyramid scheme. The only way to make money is by dumping the worthless coins to more and more people, and the final bagholders will lose all their money.
Except nobody at the top makes shit from anyone below. Nice example I guess you're saying it's a Ponzi scheme rather than a pyramid, but it can be described either way depending on which definitions you're using. Because of the hyperinflation built-in to the coin, it is designed to become more and more worthless. The people who get in at the top make the most money, since they can start dumping their stake rewards while the price is relatively high. The people they sell to are the next level down, who can sell their stake rewards for less than the top level, but still at a profit. The second level is selling to the third level of people, and it will be much less likely for them to make any money because everybody in crypto who wanted to buy in has already bought in by that point. If we could get an honest answer from the person who made this coin, I'm sure he would say that he intended the coin to function that way. http://en.wikipedia.org/wiki/Pyramid_schemeA pyramid scheme is an unsustainable business model that involves promising participants payment or services, primarily for enrolling other people into the scheme, rather than supplying any real investment or sale of products or services to the public http://www.investopedia.com/articles/04/042104.aspThe Fraud The problem is that the scheme cannot go on forever, because there are a finite number of people who can join the scheme (even if all the people in the world were to join). People are deceived into believing that by giving money, they will make more money; however, no wealth has been created, no product has been sold, no investment has been made, and no service has been provided. The fraud lies in the fact that it is impossible for the cycle to sustain itself, so people will lose their money somewhere down the line. Those who are most vulnerable are those toward the bottom of the pyramid, where it becomes impossible to recruit the number of people required to pay off the previous layer of recruiters. This kind of fraud is illegal in the U.S. and most countries throughout the world. It is estimated that 90% of people who get involved in a pyramid scheme will lose their money. So if it's a ponzi, then where is my giant fund that I'm using to pay people back? Oh wait, the blockchain must be running the ponzi Honestly, you are proving how unlike either of these they are, so please...continue |
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It's the definition of a pyramid scheme. The only way to make money is by dumping the worthless coins to more and more people, and the final bagholders will lose all their money.
Except nobody at the top makes shit from anyone below. Nice example |
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well if i have gotten einstein right understanding compounding means controlling it. not letting it run havoc and standing on the sideline beeing happy to be the richest man in the world in theory.
we are far from that point 10 mil supply is nothing. but people already are only willing to pay the 100 mil or 1 billion prices. cause they know thats where its heading. let them see the deflationary light at the end of the tunnel in one year or so and we who bought now, and you, we will all see the max reward of your stable staking code.
i can't understand that somebody that claims to understand compounding doesn't see this. its a shame for the great work you made here with this coin.
Anyway there is plenty of time still, I'm not a nervous cunt and havent sold for weeks working my way up the ladder.
Correct. There are long plays and short plays. You can't try to do one as the other and guarantee success. Getting lucky is, again, focusing on outliers. You have it exactly right. Each day you hold you are increasing your personal weight vs total network supply since total inflation will never > personal daily stake rate Currently, everyday, the average inflation across the entire network is just under 20% while stakers are earning 27% on their balance. That gap gets smaller everyday the price drops. 27% of 10,000 is a lot more than 27% of 100. Soon there will not be enough coins available to dump through orders. Most of the coins are being staked anyway, the chart in the Qt doesn't lie: <Maieutica> Stake Wght: 39,226,602.5664999 <Maieutica> Money Sply: 12,312,988.792321 |
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Looks like the pool is down?
Nope |
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And if you bought in right now, your starting price would be very low. There is a lot of buying opportunity for anyone smart enough to average down. Where were all the positive posts for the days the price stayed stable? It's a two sided coin and a game of averages
Instead of focusing on one or two shitty days, why don't you guys tell people what a great time it is to start earning stake. Whining about it to the people already staking who think you have nothing to whine about (or are the ones dumping on you) is pointless
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still not staking for over 24 hours, wallet synched, loadsa connections, massive weight, says staking with blue arrow and 1 second till stake. Anything i should/could do???
The same thing I've been telling you for the last two days. Wait until the fork on the 27th |
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new hardware is this why pool been down for a while now ? any info on downtime?
Q
No, that has nothing to do with it. He doesn't have it all, yet. It might just be front end being down since shares seem to be accepted still |
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As the saying goes the man who aint doin shouldnt
interrupt the man who is doing".
the mere fact that this is a experiment if you
ask the community they'll share the same as
nothing has changed.
How is that IGotSpots is experimenting with the
blockchain technology, but may i pose the
question when was the last time you created
and offered something to the btctalk community?
If you check within the threads and please
do its plenty of testimony on here that contrary
to your beliefs 1oK has a working system in
Place and a multipool to supplement the market
incase of a deficiency(Absense of buying pressure).
lack of investors = less bitcoins= no buy pressure
multipool = More bitcoins = supplement 10k market.
It almost appears 1oK is a all in one stop shop coin.
where else can you get it better than this.
- Buy Stake principle
- Receive interest
- Multipool refurnish newly btcs daily
- Investors choice from there on.
Only time will tell, with the anticipation
of the multipool growing rather quickly
in size mining the most profitable altcoins
aggressively and new resources being
infused daily what investor with half a
brain would walk away from a opportunity
like this knowing theres a better chance
being in 1oK than other given altcoin that
doesnt even offer an incentive to hold?
P2P360
We're working on getting PeePs more hardware for the pools, as well, which means more coins to pick from for mining and higher profitability |
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I told you guys it would break |
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spots you are no damn fun
When you are creative you won't get deleted. Don't be boring |
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looks like a race down to 1 satoshi, buy orders are already below 1k now.
When it is 1 satoshi, it cannot go down more in satoshi... If only there was a LTC (or other secondary) market... If only..................... |
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I am addicted to staking now, thanks  started with 200 coins 10 days ago, and about 2 hours from being over 3k now, top 260 rich list, woo! ... the only thing that sucks is watching idiots kill the price  ... but i will hold and watch my pile-o-coinage grow. it's new so who knows. I will also put your banner on my site, in 2 spots. not huge traffic, 75 to 200 per day... but all visits are bitcoin newbies for the most part. spread the word Thanks sincerly, The little guy  dontmine.com Appreciate the link, thanks! |
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