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ELITE on front page of Bittrex...hold and wait for stake baby!
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Just saw we're now on Bittrex! Thanks everybody! Now our main goal is to be accepted in some shops, so you'll be able to buy things with EliteCoin  We'll be updating in a few hours! Looking forward to a great plan I love it when a plan comes together |
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Let the miners dump...nom nom nom
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We'll probably hit the 1st page of Bittrex today...then it's going to get silly. Hold for stake season!
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Wow, it's FUD city here in ELITEcoin town...
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Net hashrate is sinking...
And ONE miner named hashking has 7GH mining 200 coins a day on xhash.net...
You might want to end that PoW before ONE person owns 50% of the coins.
Did your mom not hug you as a kid? |
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You're welcome!
Tomorrow we might be announcing some great news! It's about a shop that's going to accept EliteCoin. But we still need to talk about some things, so I'll be posting here in 12~24 hours!.
Thanks, that sounds great. I want a coin that can be used....not bought and sold on an exchange or hoarded. Let's spend this thing baby! |
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Cool coin...I'll mine it
Good luck
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CNL just beat URO in volume on Bittrex...w00t!
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100 BTC volume reached on Bittrex
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With the quick exchange adds and high volume in the first hour on bittrex this is an easy 20,000 SAT coin
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Can we get a vote on whether to go PoS?
I dont think so. For once the active community here is clearly in favour of POS, there was no one to raise any concerns. I believe BK wants NAUT as an investment, with investors getting rewarded for holding the coins. If that is the intention of NAUT, POS is clearly the way to go. POW is not exactly a benefit for early buyers, as new coins are constantly generated and devalueing investments. The community is dicsussing changing to POS since weeks now, most of the work is done, we wont go back. POS has some disadvantages, no question. What happened to VRC would have been pretty severe for any coin, POW or POS, and what happened to NAV and C2 was bad, but could have been prevented if people were staking their coins. So what's to stop some "big" investor buying a ton of NAUT...Not very decentralized..is it? We know Bryce has over 100,000 of them. When it comes time to stake with PoS, does he control the network? Really guys...come on' Nothing really. Its hard to say exactly how many coins you would need for an 51% attack, that would depend on how many coins are staling and coin maturity. 30% might be a good estimate. That means one has to buy roughly 1.6M NAUT at todays prices that would be an investment of 180.000 USD, in reality much much more as the price would start moving up. 100k coins is not nearly enough to attack the network. Ok, Sorry. Forget the 100k coins. Bad math on my part. But like you said. 1.6M NAUT @ roughly $180,000 could be an issue for the network. We have also seen other coins such as C2 where most of the coins were stuck on exchanges and some "big whale" was able to run some attack on it. Personally I would love to see this coin PoW X11 with DGW or a Digishield fix. But whatever, if PoS has been decided. So be it I was hit by the C2 attack myself. I lost a considerable amount (indirectly through increased money supply there), though I still support C2 as they have dedicated devs that are really trying hard to succeed, sometimes they run into troubles, but they deserve my support I think. Anyway, as I wrote there are pros and cons. If you want to read a really lengthy discussion, have a look at the nobl thread (page 380+) or emc2, they are currently discussing the switch to POS and have indeed a Poll about it. Thanks for your thoughtful response. I lost some on C2 myself. I will definitely look at the nobl and emc2 threads. Have a good one! |
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Can we get a vote on whether to go PoS?
I dont think so. For once the active community here is clearly in favour of POS, there was no one to raise any concerns. I believe BK wants NAUT as an investment, with investors getting rewarded for holding the coins. If that is the intention of NAUT, POS is clearly the way to go. POW is not exactly a benefit for early buyers, as new coins are constantly generated and devalueing investments. The community is dicsussing changing to POS since weeks now, most of the work is done, we wont go back. POS has some disadvantages, no question. What happened to VRC would have been pretty severe for any coin, POW or POS, and what happened to NAV and C2 was bad, but could have been prevented if people were staking their coins. So what's to stop some "big" investor buying a ton of NAUT...Not very decentralized..is it? We know Bryce has over 100,000 of them. When it comes time to stake with PoS, does he control the network? Really guys...come on' Nothing really. Its hard to say exactly how many coins you would need for an 51% attack, that would depend on how many coins are staling and coin maturity. 30% might be a good estimate. That means one has to buy roughly 1.6M NAUT at todays prices that would be an investment of 180.000 USD, in reality much much more as the price would start moving up. 100k coins is not nearly enough to attack the network. Ok, Sorry. Forget the 100k coins. Bad math on my part. But like you said. 1.6M NAUT @ roughly $180,000 could be an issue for the network. We have also seen other coins such as C2 where most of the coins were stuck on exchanges and some "big whale" was able to run some attack on it. Personally I would love to see this coin PoW X11 with DGW or a Digishield fix. But whatever, if PoS has been decided. So be it |
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Can we get a vote on whether to go PoS?
I dont think so. For once the active community here is clearly in favour of POS, there was no one to raise any concerns. I believe BK wants NAUT as an investment, with investors getting rewarded for holding the coins. If that is the intention of NAUT, POS is clearly the way to go. POW is not exactly a benefit for early buyers, as new coins are constantly generated and devalueing investments. The community is dicsussing changing to POS since weeks now, most of the work is done, we wont go back. POS has some disadvantages, no question. What happened to VRC would have been pretty severe for any coin, POW or POS, and what happened to NAV and C2 was bad, but could have been prevented if people were staking their coins. So what's to stop some "big" investor buying a ton of NAUT...Not very decentralized..is it? We know Bryce has over 100,000 of them. When it comes time to stake with PoS, does he control the network? Really guys...come on' |
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Vote?
Why wouldn't we want POS? of course I'm all for it
You don't represent "we" you represent "you" what did that even mean? Its a question not a statement. as I said I am all for it. So please explain why this POS could be so bad, I love FUD, means good things are coming. did you just start posting in here all of the sudden? seems like some hokus pokus  No, it's not FUD or whatever they call asking a question nowadays. I brought up an issue and was trying to get some input into the current "state of crypto" and the problems we have been seeing with PoS coins. I noticed some posts from members that are on the fence about PoS and thought it would be a important topic. I want see good things for NAUT so that is why I am asking for a vote. |
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Vote?
Why wouldn't we want POS? of course I'm all for it
You don't represent "we" you represent "you" |
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Support is very low for most coins though. I think the recent VRC hack caused a ton of big holders to withdraw their coins and wait things out. We might very well see a very quiet market for a little while until things clear out.
I also pulled nearly everything out, don't like that pull-back at all. I also think that VRC shouldn't let Mintpal influence their coin or the whole crypto scene. Its not Mintpal alone. VRC is near-dead without rollback beacuse who invests in a POS coin with 30% of the money supply in the hands of a criminal? No wonder vrc community praises their dev, becasue he save their investment. Still bad and should have never happended imo. And regarding the price: Cryptos have a hard time (vrc, nav, other stuff), the price is being surpressed since days, some potential buyers call themselves sidelined (me too) because the uncertainty about pos and our all time dumping miners, it might get cheaper (or not). We just have to make sure that once this coin is POS, that there is a good roadmap (important points in drakoin's last page) and this coin will flourish. We really need to think long and hard about this POS transition. |
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Can we get a vote on whether to go PoS?
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This is the time to buy...when others are selling
Nothing changed with this coin did it?
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