i dont normally comment here unless i have an issue, but i want to comment on the interest, as of right now i have about 100 MMXIV , nearly 500 USD at current value, 80% of my investment is in this coin. why? well because it works! you CAN NOT compare this coin to any other PoS coin because of the original supply, ive seen numbers where after a year it gets huge and im aware of that BUT , because of iGotBalls working hard on this coin and the hardware and the rarity it is my OPINION (and keep in mind how much i have invested here) that the intrigue and the stability and all i mentioned above will hold the interest and the community on this coin, i have no plans at all to sell any of my coins ATM, and i dont see why i would, MAYBE when i get over 500 or a thousand i will do it but as of now, no thanks, in fact i have buy orders in to get more, anyway stop bashing this coin and settle down and for those of you who support this coin keep it up! and to igotballs, AWESOME JOB KEEP UP THE GOOD WORK!
Thanks, we are doing our best. Percentages don't lie  We are quietly creeping up the top 100 on coinmarketcap making a lot of people very happy |
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I think we could put his question another way, which in my mind is, what is the 5 year plan for this coin? At that point there will be millions of quadrillions of MMXIV. Will it matter if I have a few million quadrillion MMXIV at that point?
Small minds use flat amounts. Big earners use percentages. Actual per coin price and amount of coins held are irrelevant when a system is based purely on percentage Your question should be 'will my 5% of the total network be worth more in 5 years?' to which the answer is a resounding, and proven, yes And this seems to hold true, very valid point. You just have to look at what is happening to Snowballs, price keeps dropping and there are very few buying, so price keeps falling. BALLS had a protocol switch used a test for MMXIV, which will not go live. They are very, very different coins. BALLS stakes once every week or so |
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MMXIV has been over $5 for like 6 months
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I think we could put his question another way, which in my mind is, what is the 5 year plan for this coin? At that point there will be millions of quadrillions of MMXIV. Will it matter if I have a few million quadrillion MMXIV at that point?
Small minds use flat amounts. Big earners use percentages. Actual per coin price and amount of coins held are irrelevant when a system is based purely on percentage Your question should be 'will my 5% of the total network be worth more in 5 years?' to which the answer is a resounding, and proven, yes The reason I asked was mostly because a constantly tumbling price can give the perception of the coin loosing it's value in a psychological sense and deter new investors from buying the coin at all at some point. Anyway, it will be interesting to see how all this plays out. A high price makes it hard to buy in. A lower price lets people try out the amazing staking |
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I think we could put his question another way, which in my mind is, what is the 5 year plan for this coin? At that point there will be millions of quadrillions of MMXIV. Will it matter if I have a few million quadrillion MMXIV at that point?
Small minds use flat amounts. Big earners use percentages. Actual per coin price and amount of coins held are irrelevant when a system is based purely on percentage Your question should be 'will my 5% of the total network be worth more in 5 years?' to which the answer is a resounding, and proven, yes |
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Price is still holding steady. Fred is getting rich as fuck
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As for coin supply ---> "moneysupply" : 21072 This amount times 2015% equals 424,600 one year from now...how are ppl coming up with billions? Please, Rainman or somebody, help me understand the math  try this daily compounding website: http://compoundaily.com/initial amount = 21072 daily interest rate = 4% lenght of term = 365 daily reinvest rate = 100% exclude weekends = no calculate now! result after 365 days = 34,743,594,809.21 “The most powerful force in the universe is compound interest” – Albert Einstein  Until they realize value is obliterated in interest. Fractional Reserve Banking anyone, it makes the rich richer And then we think,Viz.Except in this case, everyone has a fair shot to get in to a proven to work system |
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As for coin supply ---> "moneysupply" : 21072 This amount times 2015% equals 424,600 one year from now...how are ppl coming up with billions? Please, Rainman or somebody, help me understand the math try this daily compounding website: http://compoundaily.com/initial amount = 21072 daily interest rate = 4% lenght of term = 365 daily reinvest rate = 100% exclude weekends = no calculate now! result after 365 days = 34,743,594,809.21 “The most powerful force in the universe is compound interest” – Albert Einstein |
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Back in the top 100 again on coinmarketcap
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So I guess we waiting for the last 10 tickets to sell? We were just talking about this in IRC. I have a better idea, but I'll need a week or so before I can post what it is If you've been staking those 15 M coins in their own wallet then you probably have 25 by now Drawing a winner for a version 2 will seem silly when you see what I post next week Let me guess... Version 3? Yes, much different. Testing new hardware this week |
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So I guess we waiting for the last 10 tickets to sell? We were just talking about this in IRC. I have a better idea, but I'll need a week or so before I can post what it is If you've been staking those 15 M coins in their own wallet then you probably have 25 by now Drawing a winner for a version 2 will seem silly when you see what I post next week |
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So I guess we waiting for the last 10 tickets to sell? We were just talking about this in IRC. I have a better idea, but I'll need a week or so before I can post what it is |
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It's not a matter of just fees. No coin control means you must reset every coin to properly reset each. Maturity is only 24 hours, so long term stakers only miss 1 day max if done properly. I don't care to provide features catered to those that want to stake and sell simultaneously. It's possible add coin control yourself if you want it that bad. It's all in the new source, just not properly set up, in case I change my mind in the future, but that would result in fees being significantly raised to compensate removing the 'forced' reset on non max aged coins
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Because I've been listening to you say the same thing for 6 months. 'Take profit while you can' as the price continues to climb. I'm over it. Present your math without bias and I'll leave it. It's the snarky comments nobody cares to read that get deleted; math is good
Please go away
So discussion of anything but buy-and-hold strategy is forbidden here? I admit I have been wrong and the price has gone up. We can have spirited discussion on both sides of the topic. Math is fine even if it is trending negative. I don't like (and remove) the HOLD AND BUY hype, either. I don't delete unbiased posts that contain math |
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Phosphorous is completely correct in his calculations. It only makes sense that eventually, each MMXIV coin is going to be worth less. It would be foolish to think that by December when there are a billion MMXIV in circulation they will still be worth 0.02 BTC each. As much as I'd love for MMXIV to have a market cap of $5billion I believe that is highly unlikely.
All cryptocurrencies head down this path. As they are mined, more come into circulation, and most of the time, this devalues the currency. The more of it available, the less it's worth. The important metric to look at here is total market cap - and for MMXIV, this is growing steadily over the past 30 days.
The import distinction with MMXIV is your personal stake rate versus network inflation. While you are staking MMXIV you are earning 5.5% of your balance every day. At the same time, the network coin supply is inflating by only 4.0%. This is an awesome system and has never been done with a POS coin before.
What this means is that as the currency devalues due to inflation, you are still earning more MMXIV in stake than the currency is being devalued by. For example, if you were holding 200 MMXIV today and staked them for the next ~2 months, and I'll adjust the current price for inflation:
Jan 26
Current coin supply is 19,200
Your holdings are 200 MMXIV or 1.04% of the total supply
Current price is 0.02BTC per MMXIV
Your wallet of 200 MMXIV * 0.02BTC = 4 BTC
Mar 30
Current coin supply is 227,196.48
Your holdings are 5833.6 MMXIV or 2.57% of the total supply
Current inflation-adjusted price of MMXIV is now 0.0015 - assuming it dropped by 4% per day this entire period
Your wallet of 5833.6 MMXIV * 0.0015 BTC = 8.9 BTC
Simply by holding and staking these coins, your personal percent value of the market cap increased by 1.5x. Even after taking inflation into account, you're still earning 1.5% per day.
Thank you Mortimer. Evidently iGotSpots doesn't want anyone to see the math, he deleted my post. Wonder why? The math doesn't lie. Because I've been listening to you say the same thing for 6 months. 'Take profit while you can' as the price continues to climb. I'm over it. Present your math without bias and I'll leave it. It's the snarky comments nobody cares to read that get deleted; math is good Please go away |
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Exactly why coin control isn't in there; to slow down inflation
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It has been a week and time to update Fred's progress. Prices for BTC/USD are taken from the Winkdex and prices for MMXIV/BTC are from the Bittrex daily chart. BLUE line indicates BTC/USD value expressed in $USD RED line indicates size of MMXIV wallet expressed in MMXIV GREEN line indicates $USD value of MMXIV wallet  Based on MMXIV's 2014% annual interest rate, compounded daily, on January 22, 2015 his wallet now contains 161.39 MMXIV, more than EIGHT TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $782.27 or BTC4.85 The price of BTC/MMXIV increased by 10%The price of BTC/USD dropped by 34.24%The $USD value of Fred's MMXIV wallet increased by 483.74% from $134.01 to $782.27 The BTC value of Fred's MMXIV wallet increased by 528.02% from 0.38 BTC to 4.85 BTC This is the power of 5.5% daily interest people.As before, if you doubt any of this, the raw data used to perform these calculations can be found here. Just had to bring up Fred again in this thread |
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if only a few desire to fork off into other endeavors then they will have their own road to take and if that road is re centralizing and making a closed coin that would be up to us "them" damn it all i included myself into it and i tried so hard to stay out of it!
And I encourage everyone to have an open discussion on the topic. And if that's the path you choose to take, I wish you all the best of luck. I was under the false assumption they the discussion was about forking MMXIV into a whole new coin. "forking" in crypto generally means forking the block chain and having the old side dead. In this discussion, Spot's and Vegas are talking about having a true fork. Where the old chain will be MMXIV and the new chain would belong to the new coin. I've never seen this done before, but understand the concept. I've been an earlyish adopter of MMXIV, at least I bought in before the last fork to the higher interest rate. I'm still on the fence about that one. Almost felt like the community was not consulted, maybe a new coin could define the parameters and stick with them. Will be interesting to see how the plays out. I'm still not quite sure how you can have a private coin that is worth anything Or how you can keep it private yet trade at an exchange. Maybe disable staking until the balance is a certain level? Discourage daily dumping by making the stake time a longer duration? Maybe something like a staking penalty for withdrawing x% of your coins. This could be the interesting.... We already have staking hardware shipped out. MMXIV itself will have nothing change until we address the protocol switch (which may or may not go live) in August. Forking the hardware units isn't hard for owners, but it's a pain in the ass for us MMXIV itself will not be changed. What we are talking about would be a totally different chain that would co-exist, correct. The only thing that would happen to MMXIV is the total amount of current coins would drop when they are destroyed for swapping. If you like MMXIV you have to do nothing and it will make each coin you hold a higher % of the total supply Anyway, I just threw it out as an idea for their 'elite' coin. I'm quite happy with MMXIV as it is or I wouldn't have put $1000 up saying it can't be attacked |
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Does the dev even care about this coin?  Yes |
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