Hello Is ALLCOIN down? I get this when I try to connect..  www.allcoin.com - Connection failed Error code 8 The proxy failed to connect to the web server, due to TCP connection rejection (TCP Reset). 2014-10-30 15:38:50 UTC |
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We can't please everyone, but again a compromise has been reached for 500 QBK entry point but we will NOT now change ANY more of the rules..it will as it will be..Those again who see our long term vision will stay, those that want quick profits and out in order to get into the next coin, will day trade to take profits, at whatever price the coin will be at. We will NOT spend funds that need to be properly invested to just pump the coin so people with an exit strategy just want to dump. We will let the price regulate itself as supply and demand permits. We will however put in buy support as and when needed.
Fair enough. 500 QBK is a reasonable compromise. But I do agree with whomever posted earlier (forget their name) that when changes like this are made in the future, some form of voting should take place. And I wasn't referring to a pump, just to be clear. I was referring to buy support, just to keep things stable. Yes don;'t worry buy support is incoming among other stuff. I had a power outage for 4 hours we had thunderstorms lol so I just need to get an email out now to our Bagholders.  Thanks always for the great input. I like it when our Bagholders can express themselves (even if we do not always agree on things) in a polite and cordial manner, like yourself..We appreciate this kind of feedback. |
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I think this has more to do with the huge amount of BTC being checked out of the Alt market in general for the Blocknet ITO. Also, it doesn't take much to change the price of QBK as it stands so even a minor selloff looks like the end of world when it is not. Most coins are happily staking. Looks like the market responded to the new and sudden changes. In the future, it seems these decisions should be at least be voted by the founders, if not all bagholders, unless this drop in price was the intended result.
I agree, I have some coins currently gone down a lot more than ours..To be quite frank at present with what I know we are going to accomplish one year from now..I am not worried about the price..I am looking at this as a good opportunity for us to all grow some bags. |
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Congratulations this so so awesome. GO GO ABC2! |
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Blog post and Chinese translation will be up later today.. |
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Blog post coming today.. |
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when are the cut-off dates?
will these changes take effect on Nov1? so next bi-monthly payout will be Jan 1?
or these changes take effect after oct-nov cycle? so one more payout for original ICO of 100 bagholders on nov 12-15 then new changes take effect Nov 16?
We will do next cycle as from previous cut off date..We are laxing that too as we don't want anyone to be delayed any payouts even if they don't register, as long as they have 500 or more coins they will be paid..ALSO we are going to do RANDOM BONUSES giveaways to wallets throughout the bi monthly period.. I will have a new update for all this written up in stone this afternoon and sent out in email so then there will be no more changes or confusion. To those that stay with us we sincerely thank you for your patience and steadfastness. We have a lot of good things coming but I don't want to hype, when those good things arrive, Everyone here will know first. Again thank you for your patience. Asset sheet is being partially updated as we speak but it will take around 24/48 hours to get it completely updated as some members live in different time zones who hold some of the assets thanks. |
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BI MONTHLY PAYMENTS AND 500 QBK ENTRY POINT FOR BAGHOLDInG ARE THE TWO LAST CHANGES we will make to reach a compromise but we will not change any more..We will fix this in the OP and blog to some time today reflect that..EMAIL going out also to ALL registered bagholders.
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We changed it to by monthly as a compromise.
Bi-monthly is better than every three months, although I still think leaving things alone and simply going with a bonus if you keep your coins in your wallet would have worked better. Then decrease regular payouts slightly to fund the long term holder people. But what done is done. I also disagree with changing the requirement to 1K coins for any payout, as it beats me as to what benefit that serves really. It doesn't necessarily mean folks will buy up coins to reach that 1K limit. Instead, it could mean those with less than 1K would be more willing to dump. Based on current prices, I do suggest the dev team consider starting their stability fund thing again, to get prices stable and at least to semi-respectable levels once again. Folks typically don't like change... and especially don't like change + sinking prices. We can't please everyone, but again a compromise has been reached for 500 QBK entry point but we will NOT now change ANY more of the rules..it will as it will be..Those again who see our long term vision will stay, those that want quick profits and out in order to get into the next coin, will day trade to take profits, at whatever price the coin will be at. We will NOT spend funds that need to be properly invested to just pump the coin so people with an exit strategy just want to dump. We will let the price regulate itself as supply and demand permits. We will however put in buy support as and when needed. |
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Looks like the market responded to the new and sudden changes. In the future, it seems these decisions should be at least be voted by the founders, if not all bagholders, unless this drop in price was the intended result.
We are getting a forum made this week hopefully to facilitate all this. We don't want to use Bitcointalk anymore for a voting process, to give our Bagholders/founders a bit more privacy. Here will be mainly for latest news etc. |
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Bitttzy78 is a member of the QBK Team as well, congratulations Bittzy78 for ABC coin. |
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Seems it's down. They might be being DDoS-ed
I see, well it's bedtime for me.. I be back tomorrow..thanks Bro. No probs, Ellie. Have a good night. PS: Just checked their twitter, they're being DDoS-ed, lol ah must be the blocknet ICO...  lol |
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panic!  Nah I am sure it will be o.k POLO is one of the most trusted exchanges. |
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very useful tool thank you. |
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Seems it's down. They might be being DDoS-ed
I see, well it's bedtime for me.. I be back tomorrow..thanks Bro. |
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Is POLO Exchange down? I cant access it.
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still no sign of any kind of updated transparent asset sheet as requested, change to bi-monthly payouts.. I'm out.
Sorry about this but LordzS Has a full time Job and he will get around to it my apologies. I can't do it myself because I don't have most of the wallets or assets in my possession currently. Most of our Team members have other full time work or commitments so everything has to be done according to their schedule. |
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Just checked the forum today and see the new bagholder terms.
I disagree with the 3 month thing, and based on comments by a couple of others, I assume I'm not alone. I realize it may be easier for the dev team and also allow them to grow their investments faster. But it assumes that investors are rational and patient. Rationality and patience are not two words I'd normally associate with crypto investors.
3 months in crypto-time is like 3 years in real time. It's just too long ... people will become antsy and probably trade coins regardless of the 3 month timeframe if they see any major price movement going on.
If it was me, I'd go back to the one month payouts. You can provide a bonus to those who hold their coins in for 3 months at a time, which would probably achieve the same goal anyway.
We changed it to by monthly as a compromise. |
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This one looks interesting..I will tell my mining Friend who has a mining pool so we can mine it. |
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