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We just want to over 17M coins don't dump on us kill the coin. Even anon wallet can't survive this.
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only a few miners whining anyway...
this is when people lose respect for greedy idiots like yourself You are ASIC minner. This why you dont like this... |
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in the next 3 months the total amount mined will be 17 if the miners have there way, from 4 to 17 million in 3 months! then pos kicks in for the rest bringing it up to 33 million total, we want to reduce it so not so many coins flood the market, but they are crying and not using there brains
It is not "if the miners have there way". That is how the atsecure layed out the plan. you and others want to change the rules in the middle of the game. To me, that is not fair. Though I do benefit from the proposed changes, I just think it is too late to change it. the DEV!! you know the guy who is running the show, SAID, that the community can decide and we are, your just out numbered that's all no, someone PROPOSED it to him and he said he would make the change if the community agreed. and OF COURSE they will agree since they all (myself included) currently hold XC. Funny thing is that many of us have been on this since launch, have known from day 1 the plan, and it is only once greed ensues that people insist on changing. This was not proposed before the price skyrocketed and the "Investors" got in. Over 90% already agreed. Only miners dont like it. Miners want to dump&kill the coin and gone. We want long run. |
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in the next 3 months the total amount mined will be 17 if the miners have there way, from 4 to 17 million in 3 months! then pos kicks in for the rest bringing it up to 33 million total, we want to reduce it so not so many coins flood the market, but they are crying and not using there brains
It maybe even more 17M. If les PoS.... |
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Yes I see it, but nevertheless I don't think it is good for the long term run. For example some investors avoid nxt because they have a distribution problem. I don't know if it is possible to have a richlist for anon coin but still the doubt for an unfair distribution is enough to avoid people. In the next month there will be plenty of anon coins and we have to compete with them. people have the choice. They will not pick a scam coin.
I guess I don't see how how whether mining goes on for 1 day or 1,000 days really effects distribution, either way it is the big multipools who will be getting all the coins. If you want the coin then why not buy it, at this point it's just a few cents a coin, hardly expensive. This gets a +1 from me as well +1 from me as well. Multipools dumping will hurt the price that the first PoS coin with anon wallet deserves. Something needs to be done about the current mining phase / supply cap. If miners want to mine XC, let them do so from a XC multipool -- which will raise the price of XC rather than lower it. - there will be 30m total supply and if this goes to 50k sats, there will be 7.8m market cap = no room to move up. If price runs to 100k sats, people will dump ( because it will need to be 15m market cap when all coins are released to keep this price). = no growth beyond 100k sats, and people will dump the price down once/if it hits 100k. If we change to 7.5m max coins and stop PoW when anon wallet releases. XC at 50k sats will have a market cap of 1.9m = much room for price growth & sustainability well past 200k sats or higher. Do you understand the math behind this guys? Total supply is important. And 30m supply is too much for a coin with anon tech. Then stop the pump and dump, mine and hold, and buy coins from multipool dumpers. Notice only thing being discussed here is price? Not the tech, not the long term prospects or health of the coin, not sticking to the spec laid out in the ANN (which in my view is a signed contract between miners, investors, and the community when mining starts), not what is fair or right. Your only argument is "WE NEED LESS COINS SO PRICE CAN PUMP AS HIGH AS POSSIBLE AS FAST AS POSSIBLE!". Surprise surprise coming from a CINNI dev. Atcsecure, if you cannot see this scam artist for what he is and what he is trying to do, turn your coin into just another pump and dump which you specifically stated you did not want to see happen, you are blind. For the record, I hold 18k XC and am mining it, and am tempted more and more to dump them everyday if this is the direction the coin is taking. No one is pushing for a pump and dump. We, if anything, are pushing to sustain a high value of this coin. I am not saying the total supply has to be 7.5m, I was just going off of Veritas' example. But, I think most of here can agree that the total supply and 100 day distribution phase is way too much, with nearly 80 GH/s net hash, and about 90% of that being multipools + individual mining farms. This will make it so multipools dump to suppress the price and discourage investors, and those few individuals with mining farms / asics will end up with an unbelievably large share. The best way for growth is for people collect XC by BUYING it, not mining it. And people will buy it if the dev team delivers. But people are less likely to buy it if they know for the next 2 months multipools will be dumping into their low-ball buy orders. And after 2 months of mining are over, anon tech will probably common. Come on people, think. I agree.. and I am a miner. But I also work for Cryptsy, and can safely say from experience, that regardless of tech as soon as most coins get listed they get dumped in to oblivion by miners looking for BTC. That being said, miners should absolutely be involved in the initial distribution of a coin. The argument that "they should buy like the rest of us" can just as easily be reversed to "they should mine like the rest of us". For equal and fair distribution to come in to play, anyone should be able to acquire at least a minimal amount of coin. And for a LOT of people, mining on there gaming GPU is their only option. So why should a coin be limited to only those who can afford to invest capital in it? It would be no different than real world markets, where investors with the most money own the market. I do however think there is something to be said for limiting the total amount of PoW minted coins. Miners are going to dump, end of story. My personal electric bill to run my rigs is round about $1000 USD per month. If that isn't investing in something I don't know what is. And many miners have substantially higher bills than I. The trick will be finding a fair and popular consensus among both miners and investors. Not all investors are going to hold and not all miners are going to dump. My $1000 dollar electric bill is no less of an investment than a $1000 wire transfer to Coinbase. So neglecting either demographic would be a wise idea. Frankly, I would vote for decreasing the amount of coins minted via PoW. Either by a decrease on the block reward, or simply shorting the mining period... or both. I will however leave actual hard numbers to wiser folks than I. As I have no idea what a viable "coin cap" would be. Yes, I agree with you for the most part. But as VeritasBS already said: "There is a profit motive here for both the investors and for the miners. The question is: which will build long term value, catering to the miners desire for quick profit by mining and dumping, or do you want to go after investors who will build out the coin ecosystem and improve the long term value of the coin. I'd say, without question, make the right moves to acquire investors." Investors who BUY are much more crucial to a coins long-term success than miners who DUMP. I buy many number of darkcoins during 3months because it's worth to buy dump? it's good to buy great dump? more big timing if coin dev is solid and process their work step by step coin never die. I like this coin's plan and if dev keep their working it will be great and the price is higher 20 times more comparing with the starting price. Investors? miner? If coin is great dump is just good timing 100 days pow is not bad method During these season more and more people know the coin and buy amd sell and mining coins. Don't hardfolk to make a price pump (it is shining and going down look other short time pow coins price graph) It destory the reputation and reliability of coins DRK have 4.2M~ coin in the circulation. |
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OK I think the price drop somehow shows people don't like the arguments happened here. Let's stop arguing and let dev make the decision. There are many other topics to be discussed, logo, promotion, etc...
Not because happened here. Miners dump like no tomorrow! This is why we want to reduce. |
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guys a question.. can I stake my coins also when I have a password on the wallet?
You need to unlock every time when you open wallet. |
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This board, and all alts, are hopeless. Alts, and has forum, have been overrun by blatant scam artists and spoiled impatient children.
Dev specifically stated he did NOT want this coin to be yet another pump and dump scam.
Now CINNI dev seems to be poking his head in for whatever reason, red flags go off on that one.
Now there is talk of PoW reward reduction, because god forbid anyone needs to wait 3 WHOLE MONTHS for their coin to go to the moon. 3 days is an acceptable amount of time to allow for fair and even distribution of coins these days.
If a coin cannot stand more than a week of PoW (so that it is easy for a small group of people to hoard the majority of the coins and fix the price), then it stands to reason that coin has no real value or else it wouldn't need to resort to such tactics to see price rise.
Now guess what, XC is becoming exactly what atcsecure said it wasn't supposed to be, a pump and dump scam.
Fuck XC, fuck alts and their "communities" (ie, shills waiting to pass their bag along to the next guy at a higher price), I'm out.
Hope the pump and dump goes well for y'all.
Atcsecure hasn't made a decision yet and I think he is feeling pressure here to reduce the POW, I agree that if he sticks to keeping it fair it should stay how it was originally with 100 Days of POW that is an extremely fair distribution and changing it will definitely leave the community open to being called a scam or unfair. Just let him do his thing and release the coin the way it was intended for it to be released. Half the people pumping the price up are just looking to make a quick buck dumping it, A lot of these guys realize that they have pumped the price already up to a level where it is going to get smashed by multipools and they want that quick buck so they want to cut the distribution. XC is already over 3 times more profitable to mine then darkcoin which will keep a supply of coins coming in for new traders and people who have already pumped it looking for a quick buck don't like that. I don't agree with the last part, the Dev so far has done everything he said he would and I still have a lot of respect for him! Everybody knew how long the POW phase was and I don't think the dev should be preassured by P&Ders to cut it short in order for a few to make exorbitant profits. Its already up 2500% in two days isn't that enough??? Cutting the total supply down is good for the coin. 2 more months of minig will greatly hold back the coins growth. We are talking about an anon wallet release here -- this is history and we want to be the first fully PoS coin to have it. If mining goes on for another 2 months (heck, even 1 month), there is likely another coin that will become PoS first to have anon features. This is another reason why the mining period and total supply should be cut. Are you a 5 year old with ADHD? Hold back it's growth? 2500% growth in a few days is not enough growth? 3 months is "way way too much mining" if you only care about the growth of a coin in the short term. Get in and out with your 10000% profit and move onto the next scam. If this coin is legit, if atcsecure is legit, this coin will continue to rise long term. There is ZERO legitimate reason to change the rules now besides satisfying impatient pump and dumpers. Now a HARD FORK is being proposed to drop the amount of PoW blocks. Fucking HARD FORK the coin, because after a week of mining, price has only risen 25x. Change the rules which IMO should be set in stone after the genesis block, because price would be 100x by now if it wasn't for those evil multipools slowing down the pump! If this anonymous feature is legit, this coin will stand on it's own merit and price will rise. But that's why everyone prefers these super fast mining periods and uneven distribution, it is the only way to make a coin rise on nothing but wishes, dreams, and hype. DRK is producing enough new coins every day to require over 140 BTC a day of new investment to maintain the price, yet still rises. Atcsecure, at the end of the day, this is your coin still. You are doing the work. You have been around long enough to see many coins rise and fall. You know that at the end of the day, an extended and fair distribution period is beneficial for developing a deep and wide spread community. I suppose this upsets me simply because I really wanted to believe this was one new coin with a fair and honest dev who was looking into supporting their coin for the long term. It is still your coin, you launched it with a 3 month mining period for a reason. If the whiny children cannot stick it out with you and hold their coins through the 3 month mining period, they do no believe in you or the coin. The first dozen pages of this thread made me want to believe in this coin, the last dozen make me think yep, this is devolving into the same old pump and dump bullshit. IT IS FAIR HE IS LETTING US!! THE COMMUNITY DECIDE NOW SAY I OR DNT UP 2 U. The comunity or better say: the mass is not always the best when it comes to decisions. I myself avoid lemmings. And I think Atcsecure has done a great job up to now and he shouldn't give control away because some people have dollar signs in their eyes. im in this for the long run mate, but reducing pow to 10m and halving blocks so mining goes on for longer is good for everyone, see that big price rise? that happend when news hit the troll box at polo that this was on the table, the people want it!! give the people what they want. When Wallet released we will see pump never seen before. Do not be afraid reduce coins. Reduce coins for the long run. |
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how may total coin do you have now?
is the coinmarketcap number is right?
total coin:
4,463,801 XC???
moneysupply" : 4466132.36110100, |
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as soon as the trollbox caught wind pow might get dropped to 10m it went crazy and so did buying, and 90% of the community has said it's a good idea, cut pow and reduce pow blocks to half that gives 200 days more mining, keeps miners happy, keeps investors happy.
+1 !!!! All of as will be happy. I think the most important thing ATM is to release the new wallet. Otherwise the price will drop sharply.
Reduce or not must be decision before the wallet. Dev told me. |
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This board, and all alts, are hopeless. Alts, and this forum, have been overrun by blatant scam artists and spoiled impatient children.
Dev specifically stated he did NOT want this coin to be yet another pump and dump scam.
Now CINNI dev seems to be poking his head in for whatever reason, red flags go off on that one.
Now there is talk of PoW reward reduction, because god forbid anyone needs to wait 3 WHOLE MONTHS for their coin to go to the moon. 3 days is an acceptable amount of time to allow for fair and even distribution of coins these days.
If a coin cannot stand more than a week of PoW (so that it is easy for a small group of people to hoard the majority of the coins and fix the price), then it stands to reason that coin has no real value or else it wouldn't need to resort to such tactics to see price rise.
Now guess what, XC is becoming exactly what atcsecure said it wasn't supposed to be, a pump and dump scam.
Fuck XC, fuck alts and their "communities" (ie, shills waiting to pass their bag along to the next guy at a higher price), I'm out.
Hope the pump and dump goes well for y'all.
this is why we are having a discussion... I'm listening to everybody's viewpoint and feedback I vote not to sway from the original plan, though it would benefit me. people want reduction to increase there % of final distribution. Let your performance speak for itself. Stick to the plan and don't be swayed. Don't mad of me please but you are miner. In your profile ads: Scrypt ASIC... C'mon man this is why we all want reduce. |
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if you want to keep this fair for all halve the blocks and reduce the pow to 10m, easy.
My advice: Do NOT reduce block reward, but reduce PoW blocks. Maybe make total supply 12m --> that will mean about 1/2 the total coins can still be mined once wallet releases (assuming it releases in a day or so). That will give around 1-1.5 weeks left of mining to get to 12m total PoW coins One issue is that trademybit had multiple gh mining this coin literally dumping it as they mine. If we want to avoid the dumper, these multipool are the ones that we have to avoid to make it a fair distribution. So keeping the block reward the same would benefit the multipool way more than regular miners. That is a valid consideration. But if big multipools are dumping that will probably help spread distribution. And I don't think their dumping will be able to stop this rocket ship once anon wallet releases. Anyways, just IMO. Either way we go about it doesn't matter -- but 2 more months of mining is way way too much. We need to cut that down and reduce the total # of coins. Result: We all want reduce # of coins. (Not PoS. Just PoW) |
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if you want to keep this fair for all halve the blocks and reduce the pow to 10m, easy.
My advice: Do NOT reduce block reward, but reduce PoW blocks. Maybe make total supply 12m --> that will mean about 1/2 the total coins can still be mined once wallet releases (assuming it releases in a day or so). That will give around 1-1.5 weeks left of mining to get to 12m total PoW coins Mining must contiune more. Reduce block reward is better. |
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This board, and all alts, are hopeless. Alts, and this forum, have been overrun by blatant scam artists and spoiled impatient children.
Dev specifically stated he did NOT want this coin to be yet another pump and dump scam.
Now CINNI dev seems to be poking his head in for whatever reason, red flags go off on that one.
Now there is talk of PoW reward reduction, because god forbid anyone needs to wait 3 WHOLE MONTHS for their coin to go to the moon. 3 days is an acceptable amount of time to allow for fair and even distribution of coins these days.
If a coin cannot stand more than a week of PoW (so that it is easy for a small group of people to hoard the majority of the coins and fix the price), then it stands to reason that coin has no real value or else it wouldn't need to resort to such tactics to see price rise.
Now guess what, XC is becoming exactly what atcsecure said it wasn't supposed to be, a pump and dump scam.
Fuck XC, fuck alts and their "communities" (ie, shills waiting to pass their bag along to the next guy at a higher price), I'm out.
Hope the pump and dump goes well for y'all.
Please read my first message about reduce. 5M coin still mined over 3 months. Minin will contiune. |
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--------------- IMPORTANT --------------- I spoke with the Dev around 30 mins ago regarding the reduction of PoW coins, and he basically said that the decision to do so would be left with the community, so it is up to us whether he goes ahead or not. DEV:I'm open to anything, but can't think about that now, too much anon work to do - if the community agree's to reduce POW them I will do MY VOTE:Reduce PoW Blocks to about 10M coins (Remaining coins still need to 8-15 weeks mining until PoS) After 10 to 33 Just PoS. The Dev is willing to do so if us, as a community, really wants this, but the decision must be taken before the wallet release.DO IT FUCKING DO IT!!! WE ARE WITH YOU!!!!!!!!!!!!!! + 10000 !!!! Let's DO THIS!!! CUT OFF POWER BEFORE MULTIPOOL DUMP THIS LIKE CRAP!!! Lets to this, we should reduce the block rewards. Yes, reduce it to ZERO and let POS begin... IMMEDIATELY! Minners human to. Zero? lol |
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can someone start a thread with a vote yes or no and how many coins total pow, just so no one screams latter it's not fair?
Just be prepared for trolls to FUD on the move. But the anon wallet release should silence any noise they may make -- because they will be too busy panic buying like everyone else!  |
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can someone start a thread with a vote yes or no and how many coins total pow, just so no one screams latter it's not fair?
This can be easy manipulated. Whay i see 95% ppl accept my idea. |
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It's hilarious what anyone want reduce block reward and coin supply. BECAUSE PRICE GOES DOWN.  Price goes down because where is no any real value in this coins, you can't buy anything real for this coins. Block reduction mean only what miners (only one type of people who make decision put some recourse in this coin) will have much less reason to do it. Without miners no one (except you who hold this numbers in wallets an waiting 'the MOON') will be interested in higher prices. it's not all about miners... Price down ? Price going to up. Over 19k. Yesterday 10k. Today 20~k and up. When the wallet released you all see dev legit. |
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--------------- IMPORTANT --------------- I spoke with the Dev around 30 mins ago regarding the reduction of PoW coins, and he basically said that the decision to do so would be left with the community, so it is up to us whether he goes ahead or not. DEV:I'm open to anything, but can't think about that now, too much anon work to do - if the community agree's to reduce POW them I will do MY VOTE:Reduce PoW Blocks to about 10M coins (Remaining coins still need to 8-15 weeks mining until PoS) After 10 to 33 Just PoS. The Dev is willing to do so if us, as a community, really wants this, but the decision must be taken before the wallet release.I'm in as long as it means that I don't loose any of my coins. |
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--------------- IMPORTANT --------------- I spoke with the Dev around 30 mins ago regarding the reduction of PoW coins, and he basically said that the decision to do so would be left with the community, so it is up to us whether he goes ahead or not. DEV:I'm open to anything, but can't think about that now, too much anon work to do - if the community agree's to reduce POW them I will do MY VOTE:Reduce PoW Blocks to about 10M coins (Remaining coins still need to 8-15 weeks mining until PoS) After 10 to 33 Just PoS. The Dev is willing to do so if us, as a community, really wants this, but the decision must be taken before the wallet release. |
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