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Hrmm I still hold my 30M PND and it seems it has gone back up. Bonus. Oh and good work on making it the ONLY real Panda coin. Not wolong takin it and givin it 'in-da-ass' coin.
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I think you miss the point. I don't believe anybody here is taking issue with the fact that "problems happen", especially in beta, or that coinmarket is likely working very hard to fix them. The issue is with their poor communication. I don't know what company you work for but I've been in I.T. for nearly 20 years and I can tell you that any project run this way without regular reports to stake holders simply wouldn't be tolerated. You don't leave people hanging for days on end, missing target date after target date and failing to fulfill the promises they've made to the people with frozen transactions, without some sort of explanation. Not an in depth technical dissertation, just a statement of where the project stands and what progress has been made. It really isn't hard. A couple of sentences once or twice per day would do wonders.
TL;DR Nobody is asking coinmarket to move mountains - just post short, regular status updates.
This is a concise follow up. It's not like I'm asking their team for a daily ten minute scrum meeting. Just a simple "we weren't all run down by a mad bus driver on Friday night". I agree, it's always better to touch base with customers, if only to provide reassurance. Often good communication with quality work far outweighs timeliness on delivery. I've always been upfront with my staff to not give me overly optimistic time frames because of Murphy's law. And as a software architect myself I respect that not knowing is part of the battle, and that developers are often overly optimistic. Atwood talked about that coming up to 10 years ago before IT had a mass shift away from traditional long phase development. It's a faster world, we have much more ability in our IDEs and much stronger testing capabilities, but also a lot more to deal with. CoinMarket.io has obviously run into some fairly fundamental flaws in their framework. If I were to guess looking at it like the black box it is to me, I'd say they might be dealing with synchronization or concurrency related problems. And if that's the case, I sympathize, but there's two aspects to this, development and business. And while they might be making extraordinary steps to resolve their code issues (not that we'd know), they are failing dismally on the business aspect. Maybe CoinMarket.io will learn something here, maybe they won't. I stand by what I said. As for the earlier rage post. That almost certainly comes straight from an arrogant entitled dev. I hear at least one rant like that every week..."I just can't do it Captain. I don't have the power!" blah blah.. usually after a few days of "Leave me alone I will have it for you later today" but as you note, it completely misses the point and fails to address or have any resolve for the underlying business issue. That is.. CoinMarket.io is losing significant market share and are unlikely to regain it. |
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I have the responsibility and burden of running a company with more than a few employees and a significant number of clients. This behavior would be unacceptable to all of our clients. CoinMarket has proven to be incompetent and unable to deliver on their own timeframes several times now.
Whether it was incompetence, premature delivery (don't talk to me about beta like a retarded child), or a lack of care on the business end, it's immaterial. They've failed.. regaining consumer/client confidence would be a struggle at this point. The majority of remaining support would not be coming from people who have significant experience in business and pride themselves on their ethically responsibilities.
They have failed to keep the community informed on their progress and should have lost the trust of everyone who has been willing to wait this long with over a week of continuous instability.
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Friendly reminder: 1 rabbitcoin is worth exactly 1 rabbitcoin. Putting a monetary value onto a coin completely defeats the purpose. This sort of attitude could kill crypto and it needs to stop.
Bwahahaha that's a really dumb rant... putting a relative value on coin is the only thing that is going to matter for mass adoption of crypto. |
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Isn't the inflation going to stop suddenly once all coins are mined thus making them much more rare instantly? Could see a huge upward swing.
That's a common misconception people have that rarity equates to value. It's simply not the case. |
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CoinMarket admin,
Before You add KARMA coin was prerfekt
Tray without KARMA coin.
REMOVE KARMA COIN FROM MARKET, ALL TRUBLE KOME WHEN YOU ADD CARMA COIN BIFORE IT WAS PERFEKT.
DO THIS AND YOU WILL SEE ...........
BTC
1EJ9BVJtQBGrh4rJoEKM1m1czcX5qVez8d
lol. |
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Can I make deposit to coin market now? Or just wait ?
1. Deposits work 2. Withdrawals work (if there are enough unspent inputs in the wallet that can be combined into a single transaction). 3. Canceling orders works If you really want to be sure, just make 2 or 3 smaller withdrawals instead of one large one. This does not affect bitcoin, only some of the altcoins. We are consolidating the dust into larger inputs to stop this issue - its nothing major, your coins are safe. There is a limit on number of inputs that can be used in a single transaction. This is why people who mine directly to the deposit addresses (using small amounts) need to be puhisned in some way. They are spamming the blockchain and effectively making a denial of service attack without even knowing it.  Not trying to make a fuss, but what do you mean bitcoins are not affected? Deposited bitcoins to buy some other coins before I realized trading was down and now I can't withdraw my btc  Any help would be much appreciated. Try to withdraw 2.317 343 btc. Is CoinMarket using floating-point math in their coin operation? This can be bad. That's exactly how I see it too, both float and double will eventually cause much wow. They should be using decimal, bigdecimal etc. |
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Oi... KarmaCoin.info is DOWN...?
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I'm guessing people will still be able to cancel orders, despite the fact that trading is halted. If those who have sell orders at 15 satoshi notice the disparity between coinmarket and MintPal, they'll pull those orders as quickly as they can. But we'll see what happens.
Yea exactly. I still think coinmarket should have a particular statement in their terms of service relating to these events. |
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ARBITRAGE
CoinMarket, do you have a policy on this given service interruption time to allow for signficant market variations? Everyone is just begging to get MINT when you resume @ 15 sat seeing it's trading at up to 25 sat on MintPal and CryptoRush.
Welcome to free market dude ;p lol exactly! I'm quite shocked that the 50M hasn't been cancelled by the sellers. Admittedly, most of them are probably asleep, more aptly put would be 'welcome to the amateur market'. |
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ARBITRAGE
CoinMarket, do you have a policy on this given service interruption time to allow for signficant market variations? Everyone is just begging to get MINT when you resume @ 15 sat seeing it's trading at up to 25 sat on MintPal and CryptoRush. A straight up guaranteed 50% profit on 8 BTC is pretty decent.
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I think to a point it doesn't matter, I view crypto currencies as the next/new stores of value for the digital age. Sure we will still have NYSE, Nike and Komatsu however. For the younger generations I suspect a digital asset of mathematical rarity will make as much sense as a company that makes shoes fairly well. Or more specifically I don't think a coin has to be widely traded to be of use. I think MINT could be a purely speculative investment that might really pay off regardless of if it finds much Utility.
The world seems hungry for Crypto, who knows what is going to happen next.
I think utility might not be entirely pertinent at least as a means for speculative adjustment. A few of the major coins with utility will start to become indispensable. Although admittedly with the wrong adjustment we can still see hyper inflation (regardless of being a capped coin supply or not) in the same way we have external risk factors influence financial crisis. It seems to me that the younger generation is clutching onto things like crypto as many struggle to make serious financial gains through traditional means. I wouldn't explicitly refer to any crypto in the same way as I'd see public companies because production and service value are major factors in their market valuation. They're not entirely speculative, it's not a chicken and egg scenario. Their production value signals market adjustment. Rather than arbitrary 'out of thin air' adjustment. Crypto like Mint is more in line with gold/silver/art/diamond/ruby holdings, where crypto like BTC/Doge are seemingly set to be more in line with USD/Euro/etc currencies that are dependent on their utility. ie the amount of produced goods or services that their 'money' (crypto) can buy. In a lot of ways Mint is a little more sincere than a lot of commodities where we have a difference between 'perceived' and 'actual' supply that is itself manipulated a great deal. But it's also a little naive to think that because we're here right now we will benefit most from the next financial instrument. What's to stop the next kid deciding they didn't get their fair share, so they want a large chunk of the crypto market by creating their own coin? Not a lot at the moment. The barriers to entry are tiny. As a matter of fact, it's exceedingly easy to start a new coin. There needs to be differentiation, and something involving more than a nice green tinge that determines value. I'm interested to see what happens to the entry requirements of crypto over the long term, and the adoption of new crypto. If you consider we currently have less than 100 cryptos that make any sort of long term sense, will we see another 100 over the next year? Or will we see more like 2,000 additions over the next year? The reason real world (natural) commodities serve as a valid indicator for 'wealth' is that there aren't any new ones to be found. Other artificial commodities like art are entirely speculative, new artificial (and limited) commodities come up on a regular basis, but it takes skill/talent (and a lot of luck) to become the next Picasso. I think this is the best ending phrase anyone has ever responded to me with! ha! I basically totally agree with you. I may differ a bit in how much 'value' I think the new kids really place on what the old guard considered work. I am even guilty of this. For example, I am buying a new laptop. I am buying it refurbished, for a amazing price. I bought a SSD drive and and more ram for it too so, it will be quite the sweet machine for little more than a third of what it should cost. Now I am entirely aware that it probably cost 2 billion dollars to build that chip-fabrication facility. And even more amazingly that the technology in every bit of my soon to be delivered laptop is built upon 20+ years of insanely aggressive innovation layer after layer. That being said, I hardly give it a second thought! Access to these types of goods and services has been completely stable since I was young and my dad bought a 8086 PC home. I would never consider investing in Samsung, or DELL stock. I've traded before and managed my own retirement funds but its still a bit of a pain in the ass to do it. And even though I am cynical about everything and not one of these younger guys I am a hundred times more excited about MINT coin than I am any traditional investment methods. I don't even like fiat. I can't seem to take a little profit out of crypto even when I need it. Instead I find MINT, or something else. I sense a strong possibility that the next generation that is just at the cusp of this world may just skip the whole fiat-phase altogether. Getting cash to them will be this annoying process like getting a money order is to me. They won't have a clue nor care that some huge factory is pumping out ipad10's and can be publically traded. Even your point about them maybe starting to flock to crypto because they are having difficulties with traditional means. That is basically exactly it. 'This' is starting to make more sense than 'That'. Crazy I know. Thanks for the response. I appreciate the value in what you've written, it's well said. If we are in fact on the precipices of some sort of quasi social-financial revolution (which we may indeed be) it will be very interesting to see the adoption of crypto by the various groups. Consider a very simplified example, we have 2 markets, crypto and fiat, let's call them Apple and IBM, they're in a fierce competition to gain the most exchange market share. When will we reach equllibrium? When will crypto become the predominant tool for exchange of goods and services? What we're at least initially (over the next 10 years) faced with is most internet transactions being conducted through crypto and bricks and mortar transactions mostly conducted through fiat. At what point do we see adoption of crypto being a necessity to conduct business? At what point do we see the devaluation of fiat trending towards crypto? For some of us it has started. Albeit in a small part, I've probably got 1% of my portfolio wrapped up in crypto. But at what point will I have 10%? At what point do people become fully diversified through crypto a new financial instrument (a weird mix of something like bearer bond/futures contract)? |
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I think to a point it doesn't matter, I view crypto currencies as the next/new stores of value for the digital age. Sure we will still have NYSE, Nike and Komatsu however. For the younger generations I suspect a digital asset of mathematical rarity will make as much sense as a company that makes shoes fairly well. Or more specifically I don't think a coin has to be widely traded to be of use. I think MINT could be a purely speculative investment that might really pay off regardless of if it finds much Utility.
The world seems hungry for Crypto, who knows what is going to happen next.
I think utility might not be entirely pertinent at least as a means for speculative adjustment. A few of the major coins with utility will start to become indispensable. Although admittedly with the wrong adjustment we can still see hyper inflation (regardless of being a capped coin supply or not) in the same way we have external risk factors influence financial crisis. It seems to me that the younger generation is clutching onto things like crypto as many struggle to make serious financial gains through traditional means. I wouldn't explicitly refer to any crypto in the same way as I'd see public companies because production and service value are major factors in their market valuation. They're not entirely speculative, it's not a chicken and egg scenario. Their production value signals market adjustment. Rather than arbitrary 'out of thin air' adjustment. Crypto like Mint is more in line with gold/silver/art/diamond/ruby holdings, where crypto like BTC/Doge are seemingly set to be more in line with USD/Euro/etc currencies that are dependent on their utility. ie the amount of produced goods or services that their 'money' (crypto) can buy. In a lot of ways Mint is a little more sincere than a lot of commodities where we have a difference between 'perceived' and 'actual' supply that is itself manipulated a great deal. But it's also a little naive to think that because we're here right now we will benefit most from the next financial instrument. What's to stop the next kid deciding they didn't get their fair share, so they want a large chunk of the crypto market by creating their own coin? Not a lot at the moment. The barriers to entry are tiny. As a matter of fact, it's exceedingly easy to start a new coin. There needs to be differentiation, and something involving more than a nice green tinge that determines value. I'm interested to see what happens to the entry requirements of crypto over the long term, and the adoption of new crypto. If you consider we currently have less than 100 cryptos that make any sort of long term sense, will we see another 100 over the next year? Or will we see more like 2,000 additions over the next year? The reason real world (natural) commodities serve as a valid indicator for 'wealth' is that there aren't any new ones to be found. Other artificial commodities like art are entirely speculative, new artificial (and limited) commodities come up on a regular basis, but it takes skill/talent (and a lot of luck) to become the next Picasso. |
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Where have people talked about the fallacy this coin has in its PoS strategy? Holding coins (based on coin days) generates income. What is the actual calculation here?
Can someone give some examples of people holding say 1000 coins, and the particular gains they'll make if
a) They hold for an entire period
b) They trade consistently but average 1,000 coins over a period
c) They start with 1,000 coins but end up with 100 at the end of the a period
Seems to me that transacting coin is far more valuable in the crypto market...Why? Because spending money makes money.
In fiat with banking systems money that is 'HELD' so to speak is not actually held, it is lent to others to make money.
Anyone care to discuss these points?
Also where is the transparency on the bounties? The development work? Is everyone going to be wolonged here?
Calc? 20% 1st year 15% 2nd year 10% 3rd year 5% succeeding years. http://mintcoin.cc/about-mintcoin/a. percentage off the period held. b. no payout if you trade. if in wallet for month continuous. c. 1000 coins 20% = 1200 coins after year 1 You have 2 variables: Time is a big one. Let me ask you, how long does it take for an internet currency to be adapted, and used? About 5 years. Yes transactions are important, hence the need to keep a coin distributed in many hands and has longevity. IF the coin stays in existence for 5 years, by then it will be used traded and invested. Fiat Banking System remark: Your living in 0% interest time period. Where they will charge you to park your money in a savings account. That is what you call Backwardation, or for the bipolar: a fucked up market. hardly free! IT is rigged. Free markets would be paying interest. So what you want to know about the 1913 fiat gang? Held? Your maintaining value by not selling during the 5 years it takes to maintain stability and adapt to usage. Hope this answers your questions. That isn't a technical calculation. And I think your answers to a), b), and c) are all extremely ambiguous. Where is the incentive for people to use their MintCoin for trade? It looks like anyone who sells MintCoin will be forgoing a 20% annual interest rate in the first year on that money?? Is it some sort of obligation to assume someone who asks valid questions not here to see crypto like this succeed? I'm trying to understand how others see it working in commerce, that's what's important for the adoption of a particular coin. I have three degrees. Two are masters in international business, and applied finance. I would like to encourage people who can discuss this at the appropriate level to add their views. I'm in for 12M MintCoin currently, I'm not swayed by short term gains I have no need for additional liquidity. Why does it seem all the kids here are threatened by intellectual discourse? |
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Where have people talked about the fallacy this coin has in its PoS strategy? Holding coins (based on coin days) generates income. What is the actual calculation here?
Can someone give some examples of people holding say 1000 coins, and the particular gains they'll make if
a) They hold for an entire period
b) They trade consistently but average 1,000 coins over a period
c) They start with 1,000 coins but end up with 100 at the end of the a period
Seems to me that transacting coin is far more valuable in the crypto market...Why? Because spending money makes money.
In fiat with banking systems money that is 'HELD' so to speak is not actually held, it is lent to others to make money.
Anyone care to discuss these points?
Also where is the transparency on the bounties? The development work? Is everyone going to be wolonged here?
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Wherever this coin MIGHT have succeeded, it failed in building any sort of tangible community to grow ideas and projects. There's nothing behind this coin anymore. It looked promising, but it failed. It'll obviously just go the way of Fedora coin. The problem with a lot of these coins is that real developers and in particular REAL BUSINESS isn't behind it. Just a bunch of kids with a failed notion of making SOME money quickly.
Even sales at 1 satoshi are a risk...
Coins that can't overcome basic COMMUNITY related problems of holding off network attacks... and that have massive difficulty fluctuations are developed by unqualified amateur developers, not senior developers and architects.
And without a business strategy it's just a number on a computer. You need something tangible, something with real world value to create a successful coin...
I posted about the network attack about a week ago. NOTHING has happened that would alleviate the issue. Why? A bunch of scared kids who have no business backing are running this coin, and no way to mitigate against these scenarios.
Better luck next time. You failed horribly.
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hashrate is falling so , you can mine more...stop thinking that hashrate has anything to do with the price This is the fake Panda coin that is run by hackers. The wallet is full of virus that will steal your balance. there is another pandacoin that was released 1 day before this fake one that has hundreds of pages of replies... not 30. Be warned! Haha you've been conned by a con artist. |
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It should be 80% premine and wolong automatically gets half of any premine.
Then he can just skip the pump and go straight for the dump.
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