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 No sauce  Tried both .conf files in Roaming and coin folder
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Hehe I send message to Cryptsy on 3 accounts =). Got reply:
Hello 1211,
Thank you for introducing me to this coin.
I have submitted your coin to our development team who will review it
to see if it meets our requirements for addition to the Cryptsy exchange.
If there is anything else I can do for you, please let me know.
Sincerely,
Ginny
Cryptsy.com
It's just an auto-response. |
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If we want SUCCES for this coin, then we need more MULTIPOOLS.If we are short in multipools, then after staking period is over, everyone will try to sell his own coins,
and if there is no one (like multipool) , who will buy those selling coins,
the price will drop to " 0" and our summer coin will be delisted from Bittrex and or other stock markets.Eventually we will left over with worthless coins in our wallets.  So someone must do something or we are all scrued. Yeah it's a waiting poker game, once someone decides they made enough percentage gain they will cash out and everyone will follow. How long until someone bottles it? I think some already have 21%... perhaps more. Remember that interest is compounded. You are likely to be left with worthless coins before the 10% daily interest is up, doubt everyone will hold until the end but if they do then it's a mad dash to the finish line (flatline i.e. ZERO). it costs almost nothing to keep this coin staked. keeping wallet open while mining in mulitpools for other coins which pays out in SUM is all profit. these people just want to buy up cheap coins. What is your point? The scenario still plays out, after 7 days of 10% compounded interest some will have nearly double the amount they started with. You know how compounding works? Even without compounding it's a straight up gamble of who will cash out first. Who wants to buy a coin that could be shat all over at a moment's notice? |
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If we want SUCCES for this coin, then we need more MULTIPOOLS.If we are short in multipools, then after staking period is over, everyone will try to sell his own coins,
and if there is no one (like multipool) , who will buy those selling coins,
the price will drop to " 0" and our summer coin will be delisted from Bittrex and or other stock markets.Eventually we will left over with worthless coins in our wallets. So someone must do something or we are all scrued. Yeah it's a waiting poker game, once someone decides they made enough percentage gain they will cash out and everyone will follow. How long until someone bottles it? I think some already have 21%... perhaps more. Remember that interest is compounded. You are likely to be left with worthless coins before the 10% daily interest is up, doubt everyone will hold until the end but if they do then it's a mad dash to the finish line (flatline i.e. ZERO). |
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Ok guys, we have 10% POS working, but that's not all!  Today I have received an email from Cryptsy with response: "Thank you for introducing me to this coin. I have submitted your coin to our development team who will review it to see if it meets our requirements for addition to the Cryptsy exchange [...]" Looking good, doesn't it?  Write to Them with proposal to add SummerCoin too! The more requests the more strong they become! Take care guys  Standard auto-response |
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Damn I wish I could short this coin, guaranteed enormous bowel movement when 10% is over (or perhaps slightly before  ) |
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Tell me if I have this right - New coins given as interest will require 24 hours to mature, so total simple interest rate after 7 days of compounded interest will be 17.71561% less. This is what would happen if there was no waiting for maturation: 7 Day simple interest rate after compounding at 10% daily = 94.87171% | Day | % | | 1 | 10 | | 2 | 21 | | 3 | 33.1 | | 4 | 46.41 | | 5 | 61.051 | | 6 | 77.1561 | | 7 | 94.87171 |
With waiting for maturation: 7 Day simple interest rate after compounding at 10% daily = 77.1561% | Day | % | | 1 | 10 | 1st day new coins are immature. | | 2 | 10 | 1st day new coins mature, added to interest calculation | | 3 | 21 | 2nd day new coins mature | | 4 | 33.1 | 3rd day new coins mature | | 5 | 46.41 | 4th day new coins mature | | 6 | 61.051 | 5th day new coins mature | | 7 | 77.1561 | 6th day new coins mature - so not included in compound interest calculation (@ 10% daily simple interest)
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So if it works then you have to wonder at what point people are going to bail out and cash in their chips And if price will decrease greater than interest received... |
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I got a POS block after block 13441 and it was for 1 sum I have over 20k that is not 10% of my coins. Not to mention the time of me staking keeps getting pushed back. I can only guess cause people are putting new coins in and so that makes it so I have to wait longer? How is that fair you said 10% a day I should be getting 2k a day and instead I"m not getting that.
Price has dropped super low and conveniently there is no block explorer. And no one is going to waste their time making a block explorer for 500 sum which is practically worthless right now. You need to make a worthwhile bounty. .00434411 BTC are you kidding? a little over a buck!?!? I bought 20k @ 2400 expecting to increase my coins by 70% the original post said 10% a day for 7 days. Now it has been a day and were already on block 14928 and a bunch of people are saying they have not got 10% stake including myself.
So stakes works that if you have more coins you get stake more and faster? That seems completely unfair.
It would be more than 70% mate, due to compounding. 10% over 7 days: Simple interest = 70% 7 Day Compounded interest = 94.87171% | Day | Percentage | | 1 | 10 | | 2 | 21 | | 3 | 33.1 | | 4 | 46.41 | | 5 | 61.051 | | 6 | 77.1561 | | 7 | 94.87171 |
http://www.moneychimp.com/articles/finworks/fmfutval.htmhttp://www.getobjects.com/Components/Finance/TVM/iy.htmlhttp://www.moneychimp.com/features/simple_interest_calculator.htm20,000 Future Value, using... Simple Interest: 34,000 7 day Compounded Interest: 38,974.34 |
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Ok POS is working check
now lets focus on website, bigger exchanges, better volume, and more beautiful logo XD
Stop talking about pos. We have been for the last 2 days. POS is fine lets work on developements and lets get mintpal to add us to voting list and then we gert good volume on.
Hilarious! Plus logo has already changed to a boring monotone gold one. |
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The Chinglish is strong in this thread Nobody knows how the fuck this PissOrShit thing works lol |
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how do I go mine summercoin? has no more pool
You are retarded So much Chingrish |
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What is the coin purpose?
To skank a bunch of dough from trigger happy gun-toting Alex Jones Libertards |
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Well a return is not promised so it's not a true Ponzi, since you tell people they can lose all their money. In a true Ponzi scheme the nature of the scam is hidden from investors. But you have called it a Ponzi game, so the meaning is a bit blurred. Whether it is legal or not I am unsure but it's not exactly high on the moral chart  It definitely goes against the purported aim of most of the cryptocurrency community although I realize that is a complete joke http://legal-dictionary.thefreedictionary.com/Ponzi+Scheme |
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vote uvc on cryptsy.com pls....
voted on Cryptsy . Cryptsy isn't the best exchange in the world, but it sure is popular. Just voted for UVC to be added. Cryptsy is where coins go to die. You want this on mintpal. Mintpal is also where coins go to die. Who cares about mint and cryptsy. Exchanges are where shitcoins go to die |
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So you mine a bunch of unprofitable coins on a multipool, get them converted into bitcoin and then into summercoin, losing lots of money during each process |
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The correct terminology for this scam is PYRAMID scheme, not Ponzi, since it is stated that newer people will pay older people rather than claiming to have a great investment such as selling the latest technology of pink hoverboards à la Back to the Future.
Correction: This is some sort of hybrid Ponzi/Pyramid scheme, a Ponziamid or Pyramonzi
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Guaranteed either 10% loss in value everyday or big dump of (1 + 0.1)n at the end of PoS (n being number of days between blocks 13441 to 26880)
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