Hi dev, Does the dev of POSwallet know about the swap and what will happen to the coins that people have in POSwallet? Will they be swapped for the new 1337 coin or stay the same? Also I came across a crypto chat site that also has a faucet and I was thinking maybe you can contact the owner and get 1337 coin added to their faucet as they are looking to add more coins to the faucet. The site is https://thecryptochat.net/ hi vella, nothing would change for the ppl holding 1337 on poswallet or any exchanges. i'll ask the dev of poswallet if he wants to add the new coin to his staking pool once i know more details. would you be so kind to contact the guys from thecryptochat yourself and provide me with their address if they are adding 1337 to their faucet? t.i.a Okay thanks for letting us know as I know there are a lot of people holding 1337 coins in POSwallet but just say people wanted to exchange the coins on there for the new coin, will they be able to do that? Yes I could do that for you and hopefully they will add 1337 coin. I'll get back to you once I have a reply. yes they will be able to swap during the swap period but they will have to get in touch with me somehow. either here, per email or through a slack channel. |
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Hi dev, Does the dev of POSwallet know about the swap and what will happen to the coins that people have in POSwallet? Will they be swapped for the new 1337 coin or stay the same? Also I came across a crypto chat site that also has a faucet and I was thinking maybe you can contact the owner and get 1337 coin added to their faucet as they are looking to add more coins to the faucet. The site is https://thecryptochat.net/ hi vella, nothing would change for the ppl holding 1337 on poswallet or any exchanges. i'll ask the dev of poswallet if he wants to add the new coin to his staking pool once i know more details. would you be so kind to contact the guys from thecryptochat yourself and provide me with their address if they are adding 1337 to their faucet? t.i.a |
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I have just cast my vote and I think this is the right move to make by the dev to help kick start this coin again. In the end I think the dev and community will make the right decision to help the coin do better.
I hope so too since im running out of options otherwise :/ to the ppl that are still complaining about the swap: 1. you dont have to swap, feel free to stay with the current coin. 2. without a swap i wont be able to continue with any project and it would be the end of this story pretty quick. Would the coin (1337) still be maintained and continued dev'd with continued expansion of market usage venues? or will it simply be abandoned? In regards, to the swap. What do you have in mind that would make different or viable after the swap and not end up in the same predicament? (Hence a repeat of history) nothing is getting abandoned. like i said before, my projects need liquidity, i simply need to be able to sell my stakes to buy stuff for stake2play and the API of our payment processor doesnt work when theres no buy order so it cant convert the price from USD to 1337 (i have to list the prices in USD in the webshop). but ill continue to dev it code wise. and maybe the sell pressure will become less after the swap so i could use it again for my purposes. What do you have in mind that would make different or viable after the swap and not end up in the same predicament? the idea is as follows, lets take the 100:1 swap with 133.7% APR as an example and lets say that 60% gets swapped of a total supply of 11B 1337... 1. 60% of 11B would get burned during this process. bringing the actual supply of 1337 down to 4.4B 2. decreasing the supply will most likely also decrease the amount of 1337 that are currently in sell orders on exchanges which would hopefully give the price the opportunity to rise again. 3. the new coin would have an actual supply of 66M (pre-mined coins that arent used for the swap will get burned at the end of the swap period) with an APR of 'just' 133.7%, which hopefully would still be interesting enough for stakers to stake but could also be interesting for the traders on the exchanges who are not staking. 4. finalizing the projects like stake2play could give the price a bump and make the community grow even bigger. 5. having a coin with some value opens doors for other things like gaming tournaments and tipping to get more gamers involved outside of crypto. who's coin will be burn? if i have 100 coins at my wallet (or at poswallet or at an exchange wallet) and we are doing the swap 100:1. it means that 99 coins will dissapear from my wallet automatically? no, not at all. if you have 100 1337 on an exchange you will keep 100 1337 on there. the swap is optional |
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I have just cast my vote and I think this is the right move to make by the dev to help kick start this coin again. In the end I think the dev and community will make the right decision to help the coin do better.
I hope so too since im running out of options otherwise :/ to the ppl that are still complaining about the swap: 1. you dont have to swap, feel free to stay with the current coin. 2. without a swap i wont be able to continue with any project and it would be the end of this story pretty quick. Would the coin (1337) still be maintained and continued dev'd with continued expansion of market usage venues? or will it simply be abandoned? In regards, to the swap. What do you have in mind that would make different or viable after the swap and not end up in the same predicament? (Hence a repeat of history) nothing is getting abandoned. like i said before, my projects need liquidity, i simply need to be able to sell my stakes to buy stuff for stake2play and the API of our payment processor doesnt work when theres no buy order so it cant convert the price from USD to 1337 (i have to list the prices in USD in the webshop). but ill continue to dev it code wise. and maybe the sell pressure will become less after the swap so i could use it again for my purposes. What do you have in mind that would make different or viable after the swap and not end up in the same predicament? the idea is as follows, lets take the 100:1 swap with 133.7% APR as an example and lets say that 60% gets swapped of a total supply of 11B 1337... 1. 60% of 11B would get burned during this process. bringing the actual supply of 1337 down to 4.4B 2. decreasing the supply will most likely also decrease the amount of 1337 that are currently in sell orders on exchanges which would hopefully give the price the opportunity to rise again. 3. the new coin would have an actual supply of 66M (pre-mined coins that arent used for the swap will get burned at the end of the swap period) with an APR of 'just' 133.7%, which hopefully would still be interesting enough for stakers to stake but could also be interesting for the traders on the exchanges who are not staking. 4. finalizing the projects like stake2play could give the price a bump and make the community grow even bigger. 5. having a coin with some value opens doors for other things like gaming tournaments and tipping to get more gamers involved outside of crypto. |
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I have just cast my vote and I think this is the right move to make by the dev to help kick start this coin again. In the end I think the dev and community will make the right decision to help the coin do better.
I hope so too since im running out of options otherwise :/ to the ppl that are still complaining about the swap: 1. you dont have to swap, feel free to stay with the current coin. 2. without a swap i wont be able to continue with any project and it would be the end of this story pretty quick. |
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i couldnt resist. it looked pretty cheap for the total supply of coins out there  I sent a request to the dev regarding the takeover because i think i can improve a few things. and hopefully continue with the project for years to come. |
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so the swap is on 25th of november?
i have no ETA on the swap yet till i know the ratio and APR that the community wants. the next halving of 1337 (the current coin) will be around the 25th of november. the poll will stay open for 2 weeks. |
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Sorry if I've missed it somewhere, is there a trading start price after the proposed coin swap (and how much would it depend on which swap ends up being used and what % staking)? 1:1000 just seems a little extreme to me. (But maybe that's just me!  ) the market will decide the price. and thats why i posted a new poll, to get feedback from the community ahuh, like asking kids what they prefer - more lollipops or bigger lollipops, it's a difficult choice but in the end bigger will always prevail youre on a roll today  |
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Sorry if I've missed it somewhere, is there a trading start price after the proposed coin swap (and how much would it depend on which swap ends up being used and what % staking)? 1:1000 just seems a little extreme to me. (But maybe that's just me! ) the market will decide the price. and thats why i posted a new poll, to get feedback from the community |
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What is good today might not be good tomorrow
and whats good tomorrow might not be good the day after tomorrow? from my point of view theres not a whole lot thats good 'today' so im looking for ways to make it better for 'tomorrow'  |
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I've never been a fan of swaps. Swaps are how Goldman Sachs single-handedly bankrupted Greece along with the OK of their government. Swaps are also what caused the world IMF crisis... and swaps are pretty much what kills existing markets. So yeah, not a fan of swaps. Swaps affect the entire eco-system and not just the number of coins. It also gives a negative connotations such as we're washing our hands of the current situation and start something else. etc.... etc.... The alternative is change the stakes and work the coins.
i doubt a coinswap for 1337 will have such a global devastating impact... but could you explain this part? "change the stakes and work the coins" as for 'changing the stake', i already did that twice and will continue to do that every 3 months. the next halving of the APR is scheduled around the 25th of november. im looking into a more user friendly way to do the upcoming halvings and i'll try to have them all included in the next wallet release so that users dont have to change wallets after every halving anymore. Poll has been closed. final result was:  New poll has been posted to vote on swap ratio and APR % |
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I'm very new at posting on BitcoinTalk (obviously), so I'm sorry for whichever rules (written or unwritten) that I break.
I recently volunteered to help the guys at POSWallet.com keep their faucets up and running. To that end, I was asked to contact the devs for each of the coins on POSWallet and see about getting some small, repeatable donations into their faucets.
Would I be able to get some 1337 put into address LKxKXCxuKgmrPMrhRN9K7qNBmMvDwqUk62, which is the POSWallet address for their 1337 faucet?
Any amount of coins will be greatly appreciated and will hopefully help increase interest in 1337.
Thanks for listening.
Ive confirmed that address belongs to poswallet.com and i sent some coins. thanks |
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Test amount sent to C-CEX on 13.9.16 recieved today, C-CEX wallet out of maint, maybe my missing wd will also arrive today C-cex disabled staking? Hooray! ^^ doesnt look like it but i could be wrong...  |
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I bought 1 000 000 1337 for 1 sat btc,
after swap 1000:1 I will have 1 000 1337 for 1000 sat
after year I will have 2 000 1337 for 1 sat btc
I'm in crypto too long to believe in fairytales
you shouldnt believe in horror stories either, im not the boogeyman  i see your point tho but i think VoodooBarbie just posted that to give people an indication. its not very accurate but serves its purpose imo. btw, its very unlikely that any coin with a total supply of 10-11M would ever hit 1 sat. however, i dont think we would be able to keep the price at 100 or 1000 sats. dumps are to be expected because people simply want to sell their stakes or even just want to get out. hehehehehe its not horror story its horror reality in crypto POS 1337% made 1 sat, POS 300% made 1 sat, so POS 150% will make it too people are not stupid, noone will wait for miracle. how will you blocking dumpers? buy wall 1000 sat forever? look, i dont have the secret winning formula for crypto. im just trying to find a way to continue with this project and opened a debate with the community to see what they wanted. there will be 2 coins after the swap, the current coin will remain on the exchanges and im working on getting the new coin listed on at least yobit. all the 1337 that will be used to swap will be burned so the actual total supply would decrease. the fact that the price of 1337 is stuck between 0-1 sat has nothing to do with the APR but is simply because there are too many coins on low sell orders. what do you suggest? maybe you should try adding something to this conversation instead of just complaining and talking about miracles and fairytales.... if you want to sell your stakes or coins you can do so on cryptopia in the alternative markets. |
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I bought 1 000 000 1337 for 1 sat btc,
after swap 1000:1 I will have 1 000 1337 for 1000 sat
after year I will have 2 000 1337 for 1 sat btc
I'm in crypto too long to believe in fairytales
you shouldnt believe in horror stories either, im not the boogeyman i see your point tho but i think VoodooBarbie just posted that to give people an indication. its not very accurate but serves its purpose imo. btw, its very unlikely that any coin with a total supply of 10-11M would ever hit 1 sat. however, i dont think we would be able to keep the price at 100 or 1000 sats. dumps are to be expected because people simply want to sell their stakes or even just want to get out. |
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POS 2% or 1,5% per year, that's all
I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year. it should be 1.337% That's a good idea and now we just need to hear from the dev to let us know what he thinks of all the suggestions that have been posted here. Purchased a truck load more 1337 coins which was from my BTC faucet earnings. sorry guys i needed a lil break. thanks for the suggestions. as someone mentioned before, people stake coins because they expect a return. imho 1-2% /year simply isnt enough incentive for users to keep coins in their wallet and stake them and most coins will end up on the exchanges. even with a high apr of 334.25% there are lots of coins blocking any rise in price atm... killing the coin in the process. also, stake2play project is based on the idea that people can buy things with their stakes. so lets say someone invests $100 in the new version... how long would it take till he could afford a $5 game if the apr is 1.337% per year? as for the swap ratio of 1000:1, that was my first thought too but it seemed a bit too radical to me at the time. but i have to agree that 10M coins are probably easier to manage than 100M coins. Thanks for the update dev and I hope you had a nice break as we all need a break every now and then. You have some good points and now I see why 1 to 2 percent per year isn't attractive for people to invest in 1337. So the question is are we having a swap? So far a swap is leading in the poll and when will this poll end? i would like to make it clear that its not my intention to force anyone to swap. i also cant guarantee any success after the swap but as things are now i simply cant do much because there is no liquidity in the market. so there will most likely be 2 coins instead of 1 and people will only be able to swap 1337 for the new coin and the old coins will get burned in that process. i have no ETA atm but i'll post my suggestion for the specs of the swap after i gathered more info. we also need a new name, logo, ann etc etc but those things will come after we came to an agreement as a community. lets give the poll till the end of the week? |
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POS 2% or 1,5% per year, that's all
I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year. it should be 1.337% That's a good idea and now we just need to hear from the dev to let us know what he thinks of all the suggestions that have been posted here. Purchased a truck load more 1337 coins which was from my BTC faucet earnings. sorry guys i needed a lil break. thanks for the suggestions. as someone mentioned before, people stake coins because they expect a return. imho 1-2% /year simply isnt enough incentive for users to keep coins in their wallet and stake them and most coins will end up on the exchanges. even with a high apr of 334.25% there are lots of coins blocking any rise in price atm... killing the coin in the process. also, stake2play project is based on the idea that people can buy things with their stakes. so lets say someone invests $100 in the new version... how long would it take till he could afford a $5 game if the apr is 1.337% per year? as for the swap ratio of 1000:1, that was my first thought too but it seemed a bit too radical to me at the time. but i have to agree that 10M coins are probably easier to manage than 100M coins. |
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i need new vac cleaner, this beast can't eat that much
well i didnt had any sells in the books till now. it looked like the sell wall was decreasing but it was 1.6 btc when i looked at it this morning so i needed to find a spot in the queue in case i have to pay for something in the (near) future |
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looks like theyre still synching but heres the new faucet http://cryptoguru.tk/Faucet/index.php?Currency=1337i'll add it to the OP when its ready. ive sent 1M to there. as for yobit, i see theres a 1.6 btc sellwall there now at 1 sats. im going to add 0.3 btc to it so i can pay for stuff further down the line. |
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Has crypto4free.ml gone bust? I've notices that it has been on and offline this past week and when it is online, and I make a claim I never received the payment? Anyone else having problems?
I have been attacked the last days, so my DB crashed multiple times per day, or hour, or minute.. Working on it! It will hopefully be up and running within the weekend with new servers, scripts and a new fancy domain So dont give up on me just yet. Dont let my haters win Crypto4free will be back stronger than ever  It's a shame that people do this to a faucet site which is only trying to help give people free coins. You have my support and will continue to support your faucet no matter what happens. Your doing a great job at running this faucet even after all the attacks you have had so keep it up. Purchased some more 1337 coins from my btc faucets earnings, now just waiting on moonbitcoin to pay and then I'll buy more 1337 coins from Yobit. Hi dev, Have you thought about seeing if you can get 1337 coins add to this faucet site? http://cryptoguru.tk/FaucetsInfo/index.php This might help spread the word about 1137. thnx. i contacted cryptoguru to see if they want to run the faucet for us |
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