Nice to see various projects being talked about. Brings awareness, if nothing else.
With top 20 wallets having 800k+ each, there really isn't any faith for new people to grab a handful, for fear a whale will dump (again).
Going PoS was a weird move. I guess having a long run of PoW helped spread the coin around, but the top5 PoS earners also hold the top10 balances. Not 'fair' for people just getting in with a few grand worth. I believe these wallet holders should staking=0 in their conf files, but hold the wallets open for network stability. They have 'enough'. Allow the small fry to earn a few crumbs.
Whales didn't dump much during our ATH, the reason the price dropped was 2 reasons: a) We got exploited and hackers minted a ton of coins and dumped. That was addressed and we not only patched it successfully, but we also learned how to replicate their exploit. b) there was 10k mota mined every day and dumped on the market. At $0.10 per coin, that's $1000 a day hammering the bid liquidity. That's why we went full POS. Its not fair for literally 2 miners to be draining so much liquidity every day. As far as the top 5 pos earners 'unfairly' hogging all the stakes, keep in mind there are only 420 mota minted via pos each. That's $2 worth of mota every day. Its virtually nothing. So the top 5 pos earners are splitting $2 worth of mota each day lol. Moving to full POS is imperative to holding price gains. Since our last discussion, after moving to full POS, we are up 300%. The staking rewards are low enough to be considered irrelevent imo. How many of the top wallets are actually staking? A handful?? Only 2 of the top wallets are even staking ( https://chainz.cryptoid.info/mota/#!wallets) That all being said, we are very very undervalued, no one is dumping at these prices. There are plenty of coins to be picked up on the markets at these prices. I think we finally have everything lined up to moonshot again, and this time we will hold the price gains. As I correctly predicted sustained gains after switching to full pos, I predict that we will go much much higher than our current ATH and these prices are bargains. Like last time, we will see! |
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Major Announcement!!!MotaCoin has been featured on Greenleaf Magazine!🎊🎉🥳🍾 Check out www.GreenleafMag.com to read the full issue and check out what MotaCoin and fam have been up too!  🔥🔥🔥Also featured🔥🔥🔥 #DigitalNote #XDN DigitalNote #Potcoin #POT Potcoin #ReddCoin #RDD ReddCoin #BlockchainFinancial.com Blockchain Financial #PhoenixBlockchain #PHX Phoenix Blockchain Stay tuned for more news and updates, huge shout out and thank you to the team at Greenleaf Magazine!
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I appreciate the reply but in the world of Crypto, it has almost no resemblance of typical economic supply&demand reactions. Clearly the price did not move higher due to xx% slower in creating coin. I'd venture to guess it is still in a price(demand) decline. You need to realize that crypto is only worth what the next youtube sensation or pop star(or billionaire) will gab about it. With only ~5% of the world involved with crypto and most coins being practically unknown(and 10 new ones created daily...), there will not be a demand for any of them except the big 5. All clones rise with BTC. I am not knocking the system you have here, I am simply stating a fact from what I see in price charts. The only boost coins get is either from BTC going up or, as I mentioned, someone famous making people aware it even exists. I have some. No point in mining and too little for earning in stake rewards. Time does tell, eventually  We can agree to disagree that crypto does not resemble typial economic supply & demand. The price will indeed move higher due to -96% reduction in new coins, when 10k were minted daily - toward the end - it was getting dumped to 1,2,3,4,5 satoshis for a couple months, then the change hits and now we are comfortably above 10. Luckily we are actually being used by real businesses, so that puts us with the few. In response to the only boost coins get is from btc going up, how do you explain us hitting $0.115 per mota in august of 2021? We were definitely in a bear market while MOTA took 30,000% gains from 1/3 penny to almost 12 pennys per coin, over a three/four month period. We did that while every other coin was falling. |
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And how is that working out for ya?  Nice steady price... into the gutter. Why do devs have the notion that dropping block reward (halving, in most cases) means price increase? Or is there another reason to drag out total supply mining time for 50 years? Well unfortunately we got exploited at our ATH (as did many other hybrid pow/pos coins in that time period)... that caused a price crash, and the 10k dumped daily sure did accelerate that crash..... And are you joking or do you honestly not understand basic economics? Supply & Demand, go spend 2 minutes learning about it. If there are 1 million mota minted per day, the price will find a new equilibrium based on the delta of supply - price will be lowered - obviously. If there is only 0.00001 mota minted per day, the price will increase to reflect higher demand through the lower supply. You should know this. Who is dragging out the total supply mining time? There will always be staking to subsidize the mining, otherwise people won't be using their wallets to process transactions. There is no max supply. There is about 180,000 mota minted per year under the new rewards, which would have previously taken only 18 days to generate. With the dramatic reduction in supply of new mota minted, you would be wise to stock up at these prices. Time will tell the tale. |
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Straight PoS? All the more reason to have the old block reward. Now that is it crap : Dead coin walking.
So… since 10,000 mota isn’t mined via pow and dumped on the market daily….that means the coin is dead. Lol…got it. Thx for the input. |
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Dropping from 31 to 3.1 is lame. Why not just pre-mine everything and only run PoS? You started with 53,100,000.0 MOTA already.
We are looking to go full POS and I am giving a helping hand but may be a while as I am also working 60 hr weeks cooking in a restaurant. We are hashing things out but I want to do a static POS reward vs a flat reward percent per year. The reasoning for me was that you need competition and if you have something like 5% total inflation but divided by the stakers, the ones participating gain more. With a flat reward per year, if you don't have everyone staking, you don't gain that inflation per year and exchanges can more easily out stake and sell the coin. Agreed, we will take your recommendation for a static POS reward. Excited to have you back in the mix  |
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Happy 420 everyone!! We have a ton of news items lined up for the next four weeks: new wallets, news articles, an executive summary, a white paper and a very special announcement that we have been working on that will extend MOTA outside of the cannabis industry! Stay tuned!! |
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Welcome, glad to hear that  Why POW don't work? It does still work, with enough pow hash power it will start cranking out blocks, but the rewards for pow were balanced from 10,000 mota daily to 400, to match the pos potential |
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Welcome, glad to hear that Where did the mining pools go? We balanced the pow rewards with pos, instead of 10,000 mota every day pow can generate about 400 mota, and the pow generates about 400 mota also. So, given the reduction in pow rewards I don’t think it’s profitable enough for pow pools. Which means it’s a good time to buy some and start staking! |
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An explorer needs to be setup here or FreiExchange will remove the CANN/BTC market, I strongly suggest someone from the CANN team get one setup
Can someone just please take over this project !!! What will it take? I suppose Coingecko & CMC would need to be notified of a takeover, they would need to update the github. If the "cann team" is going to ignore the community and refuse to engage us, what is even the point? If I don't see some effort or appearances by the "cann team" then I will be pushing for & supporting a community takeover. |
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An explorer needs to be setup here or FreiExchange will remove the CANN/BTC market, I strongly suggest someone from the CANN team get one setup
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Welcome, glad to hear that |
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If the cann team is going to ghost the community, maybe its time to just fork it and move on without them?
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lol, delta or whatever the F his name was turned out to be just another scammy crypto degen.. literal snake oil salesman beta bitch ded = ded = ded = ded That's disappointing, I am surprised nothing has happened here yet. |
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Trading is live on FreiExchange, thank you for your patience everyone!
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Any working Block source IP's anyone?
You can always pull this information from the block explorer From the explorer go to Network, then select "node list" from the 70420 protocol subversion and you're good to go. https://chainz.cryptoid.info/pot/#!network addnode=104.42.78.103 addnode=107.198.57.205 addnode=107.2.203.113 addnode=109.147.58.120 addnode=123.204.11.108 addnode=126.159.255.107 addnode=129.107.118.132 addnode=136.32.139.25 addnode=139.47.4.139 addnode=139.47.5.110 addnode=142.161.252.95 addnode=145.14.47.222 addnode=154.16.241.124 addnode=161.81.28.206 addnode=164.68.105.69 addnode=172.248.77.251 addnode=174.76.17.178 addnode=177.45.63.188 addnode=179.6.214.230 addnode=179.7.226.233 addnode=180.216.36.138 addnode=185.213.154.169 addnode=185.245.85.55 addnode=186.122.168.221 addnode=190.96.1.19 addnode=193.9.112.184 addnode=199.126.64.11 addnode=2.223.127.130 addnode=204.102.230.65 addnode=205.200.44.178 addnode=208.66.68.150 addnode=24.115.87.12 addnode=24.141.130.49 addnode=24.143.131.230 addnode=24.150.19.132 addnode=24.198.176.80 addnode=24.211.62.92 addnode=24.78.53.136 addnode=31.10.157.60 addnode=31.178.218.25 addnode=37.120.203.220 addnode=47.137.76.98 addnode=47.147.81.193 addnode=47.20.203.65 addnode=47.39.63.40 addnode=5.166.240.29 addnode=5.252.91.53 addnode=54.36.166.111 addnode=58.178.107.12 addnode=62.202.180.207 addnode=65.36.91.240 addnode=66.203.214.93 addnode=67.190.88.139 addnode=68.150.197.122 addnode=68.47.241.193 addnode=70.120.101.31 addnode=70.121.7.100 addnode=70.127.163.145 addnode=70.161.135.45 addnode=70.80.236.191 addnode=71.127.248.233 addnode=72.42.100.187 addnode=73.180.39.102 addnode=73.38.135.254 addnode=74.194.157.77 addnode=76.105.233.131 addnode=76.175.139.161 addnode=79.197.189.238 addnode=79.217.208.159 addnode=79.217.209.119 addnode=8.41.37.113 addnode=8.41.37.39 addnode=80.115.124.32 addnode=81.103.228.124 addnode=81.84.205.62 addnode=82.169.135.68 addnode=84.185.53.136 addnode=84.90.68.84 addnode=86.171.53.219 addnode=88.157.46.211 addnode=91.113.21.155 addnode=91.113.78.167 addnode=93.214.71.21 addnode=95.102.116.13 addnode=95.217.78.170 addnode=96.61.23.33 addnode=98.29.7.75 addnode=99.85.126.96 |
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So migrating to the nexus platform will there be a "swap" of some sort?
Yep, the swap will take place in the form of a module that's installed with the Nexus wallet. The module will provide you with a burn address for POT, and any POT sent to said burn address is credited to your Nexus wallet in the form of POT. Should be released very soon! I figured it happened already. I fire up the wallet every 3 weeks or so to flip on the stake and it's stuck 2 weeks behind on block 3819663 for some reason so I though maybe had happened thats all. Do you have a potcoin.conf file in your potcoin directory? If so, does it look like this: listen=1
daemon=1
server=1
rpcuser=rpcuser420
rpcpassword=password420
rpcport=9332
rpcallowip=127.0.0.1
txindex=1
addnode=76.27.123.66
addnode=208.66.68.130
addnode=68.197.68.250
addnode=173.183.179.144
addnode=86.133.247.145
addnode=216.146.143.177
addnode=73.228.30.144
addnode=24.9.70.204
addnode=90.156.35.218
addnode=24.29.251.10
addnode=45.58.225.106
addnode=208.66.68.150
addnode=147.135.255.211
addnode=172.10.132.218
addnode=159.203.68.190
addnode=82.197.215.182
addnode=176.9.37.107
addnode=173.91.12.211
addnode=81.187.211.49
addnode=81.187.211.49
addnode=73.157.224.87
addnode=209.239.123.108
addnode=208.69.150.8
addnode=18.197.178.3
addnode=52.39.104.18
addnode=167.99.87.108
addnode=71.239.135.42
addnode=78.150.44.182
addnode=75.67.98.44
addnode=86.187.164.191
addnode=220.135.50.239
addnode=79.242.108.175
addnode=90.190.254.13
addnode=77.54.150.233
addnode=89.142.93.80
addnode=5.3.65.145
addnode=91.113.4.19
addnode=101.180.136.219
addnode=70.175.33.206
addnode=71.233.138.209
addnode=67.169.66.221
addnode=76.176.125.47
addnode=66.115.169.245
addnode=204.112.177.237
addnode=71.69.103.4
addnode=196.52.2.4
addnode=95.217.78.170
addnode=138.201.22.7
addnode=67.183.210.179
addnode=95.91.238.168
addnode=5.9.145.112
addnode=50.225.198.67
addnode=209.141.58.114
addnode=24.186.207.96
addnode=76.173.164.187
addnode=100.14.116.234
addnode=103.137.12.244
addnode=104.42.78.103
addnode=107.2.202.148
addnode=110.44.121.18
addnode=119.76.153.249
addnode=129.107.121.199
addnode=130.105.223.146
addnode=136.32.121.164
addnode=144.76.237.39
addnode=147.135.255.211
addnode=155.94.183.5
addnode=157.47.53.172
addnode=158.69.125.174
addnode=164.132.207.77
addnode=174.118.153.85
addnode=174.97.113.242
addnode=175.32.221.152
addnode=176.212.245.1
addnode=176.63.38.10
addnode=176.88.90.66
addnode=176.9.37.107
addnode=178.85.101.249
addnode=180.190.166.130
addnode=181.213.69.109
addnode=185.100.84.247
addnode=185.245.85.7
addnode=186.84.89.115
addnode=187.230.94.253
addnode=188.81.104.44
addnode=189.232.31.87
addnode=190.96.1.19
addnode=199.116.115.136
addnode=199.116.115.147
addnode=199.167.119.243
addnode=2.87.123.231
addnode=208.117.69.44
addnode=208.123.141.192
addnode=208.66.68.150
addnode=211.197.11.17
addnode=212.159.5.193
addnode=212.90.60.69
addnode=213.152.161.219
addnode=216.181.227.81
addnode=220.135.50.239
addnode=220.246.156.47
addnode=23.92.54.39
addnode=24.141.130.49
addnode=24.198.174.49
addnode=24.203.76.158
addnode=41.114.171.190
addnode=41.114.233.150
addnode=41.114.238.133
addnode=46.101.235.143
addnode=46.4.115.247
addnode=47.187.143.155
addnode=52.54.14.27
addnode=62.182.67.38
addnode=62.228.47.19
addnode=63.142.159.78
addnode=64.147.80.140
addnode=65.128.200.188
addnode=65.36.91.240
addnode=65.94.42.51
addnode=67.1.119.195
addnode=67.209.128.92
addnode=68.111.182.79
addnode=68.150.197.122
addnode=68.47.241.193
addnode=69.207.50.169
addnode=70.15.56.222
addnode=70.93.174.250
addnode=71.200.9.119
addnode=71.232.65.46
addnode=71.233.138.209
addnode=71.69.103.4
addnode=71.84.94.63
addnode=72.215.176.198
addnode=73.17.32.75
addnode=74.127.149.24
addnode=74.130.4.245
addnode=74.192.146.131
addnode=74.207.147.81
addnode=75.139.97.89
addnode=76.167.61.242
addnode=76.173.164.187
addnode=76.175.139.161
addnode=79.151.112.66
addnode=81.187.211.49
addnode=82.197.215.182
addnode=82.31.140.117
addnode=82.64.175.216
addnode=84.192.95.183
addnode=84.76.24.134
addnode=89.73.51.132
addnode=91.113.17.51
addnode=91.245.129.206
addnode=91.50.225.171
addnode=92.108.112.99
addnode=93.82.72.104
addnode=94.55.180.53
addnode=95.130.37.131
addnode=96.20.232.25
addnode=96.71.246.90
addnode=98.200.189.140
addnode=99.85.126.96
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