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Great work guys! GINcoin onward!
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That's one possible approach however especially during end of last year they could get significant investment and boost their dev team like ten times which would lead to stronger product and faster development. This year, there are many DEX projects and it will be much harder, especially for a small (in terms of capital and resources) project like NVO. I believe closest competition for NVO is Exodus wallet/exchange and it is already much bigger beast. I wish NVO the best (still holding few tokens) however it's hard to imagine they will succeed against current competition.
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This project (NVO) is a mystery to me. Obviously lot of work was done, developer(s) are very talented no doubts. This could be one of best DEX/multi-wallet out there but unfortunately project is invisible. Listed nowhere, used nowhere, no marketing. It's like the team wish to develop great project and hide it form the world. It's hard to understand why?
Can someone from the team explain this to me? And perhaps to provide some roadmap how to present (sell) this project to the world and investors and users/community? Thank you.
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Considering devs are holding 4% from pre-mine (ie. 420000, resp 420 MN) is not good. They are receiving over 15% of all newly created coins which means they will end with about 2 millions coins in the end which is 20% of total supply ever. Based on this this, real pre-mine will be actually up to 20% not 4%. They can easily manipulate price, dump anytime, whatever they wish. Actually they receive much more coins because many coins are paid to them for operations.
They should fix these parameters to make platform more economically sensible for others. I suggest burning part of received coins to decrease supply and to decrease their strong monopoly position on the market and create incentive for other investors.
I like the GIN platform but economical point of view (described above) is far from being acceptable for future investment due to dev overwhelming control over supply. I hope the team will fix it. It would be bad to destroy such a project just for a greed.
My suggestion is: lock your 4% of your pre-mined coins (don't use them for your masternodes), put to market 1% or less per year max and also burn half GINs you receive from operations. Then the platform can be invested, evaluated and growing from capitalization point of view long-term. Right now I would not recommend it to anyone for investment. Reasonable, but remember also that allowing third parties to control and manipulate an entire project, leads to a bigger disaster. Just look at the 51% attacks lately. This is the consequence of an excessive decentralization; centralization is not always bad, it's based on the admins intentions (bigger stake for the devs, bigger interest in a serious growth). BTC also it could be easily controlled by the early bids, and we're still considering it the digital counterpart of gold. How many BTCs does Satoshi Nakamoto possess? It could be easily 3M, if not more. Third parties could manipulate the project as well but it would cost them big money so they would need to invest first. To what? To destroy their investment? Real numbers here are even worse than I described previously because devs can create new masternodes form huge emission of these initial 420 master-nodes so they have since the beginning - so they can have even 800 masternodes right now. It can be not that bad if they behave reasonably but also very dangerous for other investors when they don't. If I buy coins for full price today, in five minutes (if they want) they can dump the price to 10 cents and shock the market as they like without being worried too much. So now at least 3 things would be needed. 1. Reasonable promises not to stressfully flood the market with coins to manipulate price (let's say don't cash more than 1% of current GIN supply per year) 2. Bring some "burn up" plan to partially destroy percentage of coins that are obtain as GIN platform operational cost. I suggest to burn 50% of coins obtain from platform operational fees. 3. Give promise to keep majority the remaining GINs locked (not used for MN or to realize profits) to give better condition for small and new investors and to give positive outlook to the market long-term.
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Considering devs are holding 4% from pre-mine (ie. 420000, resp 420 MN) is not good. They are receiving over 15% of all newly created coins which means they will end with about 2 millions coins in the end which is 20% of total supply ever. Based on this this, real pre-mine will be actually up to 20% not 4%. They can easily manipulate price, dump anytime, whatever they wish. Actually they receive much more coins because many coins are paid to them for operations.
They should fix these parameters to make platform more economically sensible for others. I suggest burning part of received coins to decrease supply and to decrease their strong monopoly position on the market and create incentive for other investors.
I like the GIN platform but economical point of view (described above) is far from being acceptable for future investment due to dev overwhelming control over supply. I hope the team will fix it. It would be bad to destroy such a project just for a greed.
My suggestion is: lock your 4% of your pre-mined coins (don't use them for your masternodes), put to market 1% or less per year max and also burn half GINs you receive from operations. Then the platform can be invested, evaluated and growing from capitalization point of view long-term. Right now I would not recommend it to anyone for investment.
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What is main advantage of this coin?
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What are the project major goals?
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There are good NEM news almost every day, great work team and community!
BTW trezor firmware 1.6.0 with NEM support is already available on HW for some days already. Is NEM wallet already supporting it or when this will be available?
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Guys, BiblePay needs proper exchange, not necessarily big exchange, but some working exchange - like cryptopia or similar. c-cex is more down than up and it will be weeks in maintenance mode. Not good.
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Is there any strong reason why BYTES and BB price should not be around 1:1 in long-term? Personally, I don't think there is any. What are your thoughts?
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guys, i'm loosing my patience here, two mandatory updates in one day, come on...
- now, i updated 6 machines to the latest version (1.0.6.7), starting biblepayd shows CPU 0.0%, biblepay-cli getmininginfo shows pool mining = false. wtf? any ideas what to do? please help. previous udpates worked ok. i'm on pool2.
- there is no windows version for 1.0.6.7? will it come out soon?
- and btw, withdrawing from minersofmen does not work (invalid account error...) any hints here? i tried to email them, got no response...
It seems that transition will not be that smooth. I think there are some more issues and who knows if pools are updated. I expect few more updates until things get fixed properly. I guess now we need to stay patient, pray and wait for further instructions from devs.
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what? to send 1000 xby I have to pay 50 xby, that's 5% fee, you must be kidding me... visa is charity compare to this project
Fee will be changed with next wallet update and tech release. It will be lowered and constant in $usd dollars. Fee will be attractive so there is not point to worry about right now ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) when will be this new wallet available?
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what? to send 1000 xby I have to pay 50 xby, that's 5% fee, you must be kidding me... visa is charity compare to this project
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interesting project, a better exchange would be nice!
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Overstock accepts XEM, good choice!
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Can IOTA really scale that well?
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