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81  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Steemit.com: Blogging is the new Mining on: June 06, 2016, 05:13:04 PM
but anyway coin has no investment value (yes, i read whitepaper )
if someone is mining they have dump immediately, coz they loosing fast  as zimbabwe's dollars

This is wrong twice.

First of all, miners can't dump. The mined coins (Steem Power) are locked for up to 2 years.

Second, Steem Power doesn't suffer the same high inflation as unlocked coins (Steem).

Nevertheless everyone should make up their own mind about mining and/or investment value. It may be a bad idea after all.

o post 3posts in 3days and result, for example 1 post created 3days ago has 5votes, earned 0.01$ (pending payout)
and just looked in "created" one post created 6mins ago and have 5votes and 303$ (pending payout)

Voting is stake-weighted (aka Steem Power). If you have hardly any stake then your votes aren't worth much. If you want more influence then you have to buy (or later earn) Steem Power.

Right now this means voting is dominated by whales. But that will change rapidly starting July 4 when the rewards start paying out. People who post or comment and get a lot of upvotes will then receive large payouts in Steem Power, regardless of their existing stake and without having to buy it. They will then start having a major influence in voting.

The idea is to automatically redistribute voting power out to the most productive and respected participants. Once there are a lot more people with big chunks of Steem Power than you won't be reliant on a small number of whales to get good upvotes; there will be many others who can do so as well.



what makes you think that there will be "large" payouts?

Here is a post with statistics. It is a week old and in the past week new user signups and posts have really taken off.

https://steemit.com/steem/@dantheman/current-payout-distributions

An equal amount of Steem Power will be distributed to posters along with the Steem Dollars. Of the people on the leaderboard, only @dantheman and @dan are steemit insiders (both are accounts of Dan Larimier, the CTO and lead dev). The rest are community members.

Quote
    $434,000 Steem Dollars would be created
    444 accounts would receive some Steem Dollars
    Average payout would be $977
    Median Payout would be $95
    10 accounts would receive more than $10,000
    89 accounts would receive more than $1000
    290 accounts would receive more than $10
    350 accounts would receive at least $1

Leader Board

    @blocktrades $17,463
    @nextgencrypto $16,450
    @services $16,120.97
    @cryptoctopus $14183
    @dantheman $12,288
    @dan $11,303
    @tuck-fheman $10,871
    @rollin $10,789




It will be interesting to see the price of steem after the July 4th distribution. I am guessing at first it will take a pretty big dive  Undecided
82  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Steemit.com: Blogging is the new Mining on: May 25, 2016, 04:10:21 PM
When steem was enabled to mine, I tried to mine this coin on my cpu. But failed to compile the wallet. However, this is a nice way to generate some coins by the way of blogging. When will the payout be issued or withdrawn?

I think it is July 4th for the steemit rewards to be first issued. They will be issued as Steempower, which can be withdrawn over time.
83  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Steemit.com: Blogging is the new Mining on: May 11, 2016, 03:19:56 PM
I've never seen one of the steemit guys advising anyone to buy in. The OP doesn't even contain links to exchanges. Instead, it promotes the free signups.

Your definition of a fair currency distribution wasn't met, you made that point clear. It would've been possible to do so without showing that you have no idea of what steem is in the first place.
Let me highlight this gem, to add it to the historical records  Kiss
you might want to migrate to an official steem forum.

....


If you would have read half of my comments you wouldn't have wasted time on this wall of bullshit. Sugar coating, avoiding and giving out free lunch money only works with people who have no income and are uneducated.


Everyone has read your comments until you started repeating yourself and making invalid points that have already been proven otherwise.

Run along now the adults are talking.
84  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Steemit.com: Blogging is the new Mining on: May 10, 2016, 05:04:56 PM
--snip

They would be left with Bitcoins, which they can exchange to dollars to fund the project. Everyone will have clear terms of how much the developers get and they can be accounted for that money. You have no clue on exactly how much they own now, how much they dump on you and where the shity exchange rate will end up if they are finished . To top this off every late investor who tries to buy on exchanges on the road will get fucked without getting any information as to why that happened.

You have clearly a potato as a brain if you ask these kind of questions. Anything is better compared to the shady launch they produced.



Code:
 "memo_key": "STM65wH1LZ7BfSHcK69SShnqCAH5xdoSZpGkUjmzHJ5GCuxEK9V5G",
  "json_metadata": "",
  "proxy": "",
  "created": "2016-03-24T17:00:21",
  "mined": true,
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 1,
  "voting_power": 10000,
  "last_vote_time": "2016-03-24T17:00:21",
  "balance": "153109.524 STEEM",
  "sbd_balance": "0.000 SBD",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "vesting_shares": "257910734535.923078 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "proxied_vsf_votes": 0,
  "witnesses_voted_for": 0,
  "average_bandwidth": 145485200,
  "lifetime_bandwidth": "19240000000",
  "last_bandwidth_update": "2016-05-09T23:03:15",
  "average_market_bandwidth": 182717958,
  "last_market_bandwidth_update": "2016-05-09T23:03:15",
  "last_post": "2016-03-30T18:30:18"
85  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: RAWX altcoin exchange (former mcxNOW) to reopen soon | see a preview here on: May 10, 2016, 05:01:40 PM
Hi realsolid, "nice" to see you again. You should have just used your main account, no one is going to believe that you are not you.
86  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Steemit.com: Blogging is the new Mining on: May 10, 2016, 04:57:55 PM
This thread is full sheep shills saying that this project is what makes crypto great, while this project had the biggest premine/instamine in crypto history. How do you guys even look into the mirror while hyping this bullshit?

Doesn't matter what service the developers offer or create here. This is a scam until the OP clearly states "Don't buy the coin on exchanges, because the developers will dump on you from the millions of coins they hold and stake (80%+ of the supply). Get it ONLY for free from the website, from where it's centrally issued for content."

Do you remember Ripple?
One of the rule in crypto world - don't want? - don't buy.

Oh, they gave you a few dollars on their website so you can shut up and hype this scam? You are very cheap bro.

Short POW? Check
Relaunched because their miners crashed? Check
Used shady tactics so they can most of the supply? Check
Coins staking now? Check

Literally never seen a more shady project in my 2+ years on this forum that has been tried to put up as legit by some sheeps from BTS and people who are happy from a few free dollars.

1. I don't register at their web site, so I don't get "few dollars"
2. Short POW? I still mining.
3. Relaunch due bug, and not because their crashed miners - Check

Literally I'm mine different coins in my 3+ years on this forum, and, yes, I'm was always happy from few thousand free dollars from mining new coins like PrimeCoin, YBC, Quark, etc. and use them for trading - It's fun and it's crypto world.  Smiley

Do that, but stop supporting scams openly.

There was no relaunch do to a bug, their miners crashed, all at once, all has been pointed out. They owned almost all of the early hash.

1 out of every 21 blocks is a POW block, rest is staking, mostly the coins they own. Stop the bullshit.


STEEM is not a clone. From what I understand, there are many people/resources behind the scenes. Did you expect them to put all of this work into building something just so a few people on bitcointalk can rush in there(just cause they were lucky enough to be trolling the altcoin section at that time) and mine the majority of the network?

No I didn't expect it. That's why projects like LISK, WAVES, DAO, ETH run ICOs with fair rules. They don't just do a shady launch, where they gain 80% of the supply, without showing accountability and claiming "No premine/Instamine". Are you seriously this delusional? Are you not reading my comments? Why even bother to respond?

This is a noob trap, after closing all the previous ANNs and not giving out the information needed for future investors, who might think about buying on exchanges.

Stop trying to justify the outright weak and shady methods of the developers so they can avoid taxes with not running an ICO
. BTW this forum is full with non-clone coins who could manage fair launches and could solve their funding, but sadly the BTS developers are broke and need the money.

So you would rather them have just ran an ICO with no mining whatsoever? That way they would have got 100% premine? What the fuck kind of logic is that?
87  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Steemit.com: Blogging is the new Mining on: May 10, 2016, 04:48:53 PM
This thread is full sheep shills saying that this project is what makes crypto great, while this project had the biggest premine/instamine in crypto history. How do you guys even look into the mirror while hyping this bullshit?

Doesn't matter what service the developers offer or create here. This is a scam until the OP clearly states "Don't buy the coin on exchanges, because the developers will dump on you from the millions of coins they hold and stake (80%+ of the supply). Get it ONLY for free from the website, from where it's centrally issued for content."

Do you remember Ripple?
One of the rule in crypto world - don't want? - don't buy.

Oh, they gave you a few dollars on their website so you can shut up and hype this scam? You are very cheap bro.

Short POW? Check
Relaunched because their miners crashed? Check
Used shady tactics so they can most of the supply? Check
Coins staking now? Check

Literally never seen a more shady project in my 2+ years on this forum that has been tried to put up as legit by some sheeps from BTS and people who are happy from a few free dollars.

1. I don't register at their web site, so I don't get "few dollars"
2. Short POW? I still mining.
3. Relaunch due bug, and not because their crashed miners - Check

Literally I'm mine different coins in my 3+ years on this forum, and, yes, I'm was always happy from few thousand free dollars from mining new coins like PrimeCoin, YBC, Quark, etc. and use them for trading - It's fun and it's crypto world.  Smiley

Do that, but stop supporting scams openly.

There was no relaunch do to a bug, their miners crashed, all at once, all has been pointed out. They owned almost all of the early hash.

1 out of every 21 blocks is a POW block, rest is staking, mostly the coins they own. Stop the bullshit.


The mind-frame of most miners for clonecoin launches is if they get there early they should be able to get tons of value for next to nothing.....just because they were lurking in the forums right when it was launched. I agree with this for the most part, I feel the same way about clones. Clone developers put next to no effort into cloning the coin. A few search and replaces, change the rewards, swap out the images, make a thread, and boom you have a new coin. The "developers" of these do not deserve much more value than the miners because they have not worked for it.

STEEM is not a clone. From what I understand, there are many people/resources behind the scenes. Did you expect them to put all of this work into building something just so a few people on bitcointalk can rush in there(just cause they were lucky enough to be trolling the altcoin section at that time) and mine the majority of the network? This thinking seems counterproductive. Most people that catch launches early are the first to dump massive amounts of the new coin. Which, once again, is okay for clonecoins....that is what is expected.

Stop thinking of this as another clonecoin and your butthurt will stop.
88  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Steemit.com: Blogging is the new Mining on: May 10, 2016, 03:24:02 PM
i don't agree with the topic of the previous thread"  [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)  "

the steem pow phase was instamined like nothing i ever saw in crypto .. im not being hateful or anything its the truth ... also the price the steem should decrease with time as the supply increase and the value of vests increase i think vests will be able to move around soon or be traded

The only thing with respect to moving VESTS that has even been discussed is the ability to "merge" accounts, but not divide and transfer. There are complex edge cases that this exposes so it isn't a high priority at the moment.

I read about this in the code, but did not know how, or if it was implemented yet.

Code:
      /** allow transfer of vesting balance if the full balance is transferred to a new account
       *  This will allow combining of VESTS but not division of VESTS


It is a good idea though. I have tons of accounts that have a tiny amount of VESTS. It would be nice to be able to combine the STEEM Power into one.
89  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) on: May 07, 2016, 11:04:08 PM
420 million VESTS

party time


edit: 420 billion VESTS....maths are hard

what do you mean?




ok this is crazy.
thanks a lot
A few days ago every 1 VESTS got split to 1M VESTS.


I know...I was commenting on the number 420, it is a special number for some marijuana smokers.
90  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) on: May 07, 2016, 03:56:22 PM
420 million VESTS

party time


edit: 420 billion VESTS....maths are hard

what do you mean?


91  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) on: May 07, 2016, 01:49:08 AM
420 million VESTS

party time


edit: 420 billion VESTS....maths are hard
92  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Novaexchange !!!!!! Was Hacked ? on: May 05, 2016, 03:08:44 PM
I am getting several pm's of users asking about the hack, just to let you know, Suprnova was NOT hacked, it is about an exchange that had Nova in its name  - that's all


So are my RefrigeratorCoins safe?
93  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CLUD COIN | Scrypt | Free CLUD for all !!! on: May 05, 2016, 02:43:45 PM
There is nothing about CludCoin on this site ,probably you a scammer.

To see the main thread you need to:

Register on btcpop.co

then go to Foruns and take a look on https://btcpop.co/forum/viewthread.php?id=1221


What is btcpop? Here: https://btcpop.co/IndexFAQ



Huge premine -> more than 20m

Already mined by POP users since last Friday using their wallets. See OP

--rude comment edited out
94  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) on: May 03, 2016, 11:38:01 AM
Whenever I have to stop steemd and restart it, I run into this error:

 10 assert_exception: Assert Exception
hardforks.last_hardfork <= STEEMIT_NUM_HARDFORKS: Chain knows of more hardforks than configuration



And to fix it, I need to start steemd with the flag --resync-blockchain and wait for the whole blockchain to resync.

Is there something I can change in my config.ini to avoid this?

You can use --replay-blockchain which rebuilds the database locally instead of syncing over the network. Other than that, wait for a fix.


Thanks smooth, --replay-blockchain works much faster.
95  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) on: May 03, 2016, 11:19:46 AM
Whenever I have to stop steemd and restart it, I run into this error:

 10 assert_exception: Assert Exception
hardforks.last_hardfork <= STEEMIT_NUM_HARDFORKS: Chain knows of more hardforks than configuration



And to fix it, I need to start steemd with the flag --resync-blockchain and wait for the whole blockchain to resync.

Is there something I can change in my config.ini to avoid this?
96  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) on: May 02, 2016, 06:52:29 PM
97  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) on: April 28, 2016, 05:59:57 PM
So what is this coin about? What is special? Possibilities? Features? What gives value, anyone? Thanx

Most of the discussion is in slack including a whitepaper: http://steem.herokuapp.com but there should be website and a cleaned up BCT thread coming up soon to describe it all better.

Looking forward to it.
98  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) on: April 25, 2016, 12:07:54 PM
"CMake Error: The source directory [user] does not appear to contain CMakeLists.txt"
how to solve this ?
cd
cd steem
"No such file or directory"
i am a-half-of-noob in linux systems, but very want to learn all of this
please help step-by-step to start mining
ubuntu 14

Follow instructions in this post https://bitcointalk.org/index.php?topic=1410943.msg14307504#msg14307504

Since the recent update you will also have to add qt sudo apt-get install qt5-default qttools5-dev-tools
99  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) on: April 25, 2016, 10:13:13 AM
"CMake Error: The source directory [user] does not appear to contain CMakeLists.txt"
how to solve this ?
cd
cd steem
100  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) on: April 24, 2016, 03:08:52 PM

it's funny you guys quote the message with " pharisees " in it. This is only 4 weeks old, and you are already talking about late investor shit. So a few people mined and the devs secured a large percentage of that by mining instead of selling xx million dollars worth in an ICO and claim they ran out of funds in a year or so. I actually feel much safer knowing the devs own 80% or more locked in power-ups for two years. Yes they will get weekly payouts and will have control, but what better motive will they have go the whole nine yards to make STEEM a success? I know you want to mine 80% of a coin and have the devs work for you for free, does that ever happen? I myself was called many names in the past on bct, and the fact is I agree with the devs 100%, catering to the pharisees on bct is a sure recipe for failure.

If you guys spend as much time reading instead of casting stones, you will know this is still in the early stages, even pre "early investors" as you like to call them. Get your powerups now while it's not expensive to do so. Join slack and learn how you can get STEEM without mining or buying, even the pharisees will make STEEM on steemit.com by casting stones  Roll Eyes


No, I absolutely agree with the sentiment that it's better if the developers have some incentive to work on their own coin. I just disagree with advertising STEEM as a fairly launched coin. What's wrong with explicitly stating "[ANN][STEEM][POW] NO IPO | 80% Premine", if they really believe they could make this a success?

Maybe because they wouldn't have gotten to a valuation of 37500 BTC market cap? Which puts them right into the top 10 of cryptocurrencies? Just a thought..

And don't tell me that argument about "restricted shares". You can't say you're avoiding regulation if it suits you and on the other hand cite examples from regulated markets. No other POS coin deducts their staking coins from the total supply, so why does STEEM do that?

Maybe to hide that the devs hold coins worth ~13 Million dollars? But yeah, everyone's right, STEEM is probably valued correctly, almost as high as Ethereum during the IPO phase. Makes absolute sense Cheesy

Everyone had a fair chance to mine this. Just because a lot of people could not figure out how to do it, does not mean they could not have with a little work. All it took was reading the thread.
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