Now THAT is a GOOD post on any day, but a GREAT post to read on a Friday. I am getting into Checkcoin like I did bitcoin- better late than never!
Late ? LOL Plenty of time yet. Anything under 2000 sat will be early (bearing in mind there are no sure things, just the usual risks). I would expect a lot of flippers to sell millions below that level over the next few weeks... We will be able to gauge things by the actual reported progress. Checkcoin is still very young. |
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A pump in the first few months is always the kiss of death.
99.9% cryptos = pump in first few months tfu! weeks or days! lol. ______________________________ People are you stupid? Posting bs that "i don't care about ckc pump"; "we don't need pump" "pump can destroy this coin" etc. If you want to sell when price is rising, you sell, if you don't give a fuck about rising price and think longterm, you hold and don't sell. This is free market, that's all. If you believe in project you can also sell, rebuy, sell, rebuy and repeat x100 - this is also good way to inncrease bag if you think longterm. I'm daytrader and usaually hold/trade 3-5 coins and watching 20 more. You can made good profit at coin which you hold in longterm, this is all about of your trade tactic. Free market. Always work hard on your profit:) Sometime best way is holding, sometimes quick profit and rebuy later, sometimes all-time riding waves on a way to mid/long  Btw. CKC at bittrex is not a big news imo. Bittrex is not in good situation last days. Too many new coins. Cryptocoins do not benefit from that sort of trading. Day traders are actually stripping value from the long term holders. Think about it : Where does your daily profit actually come from ? It is a zero sum game. New money coming in has to first be skimmed by the day traders before adding to the wealth of the coin. In fact a better strategy to strengthen a coin which you hold longer term is to day trade at a regular loss: that puts money (bitcoin) into the pockets of the holders, or pays for the skimming.. A really good coin will overcome the skimming, but it will always take some toll. I would not expect a 'trader' to see that logic at all, and everyone is at liberty to trade as they wish. It's just the way it is. |
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You know guys that btrex adding means nothing anymore?
It means CKC is added to Bittrex It means there won't be a pump... That's the plus point ! A pump in the first few months is always the kiss of death.The IPO price of 1000 sat will be a base point and would-be stakeholders can accumulate at a bit above that level. Depending on how things go, I will buy some for clients as the cheap offers come out. It is a game of patience. |
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Few coins with anon devs, anon code and tanked market cap have this sort of following of people still interested. Its telling of the potential. This really does sound like a legit tech, no evidence of any trickery, they've just gone about releasing it in the wrong way... Such a shame. I hope they'll let us help them make this a success.
You are right.. there is a big following. I have seen similar situations before, and eventually, things get resolved some way, if the potential is there. The network is still working and staking fine. |
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@raganius, I invited you to deviantART group AnimeCoin I created back in February, hoping you could admin / manage the group if you have the energy. I tried to get a bit of a giveaway and general awareness going on in there but I got inactive pretty soon. The intent was to start tipping artists with ANI's, buy artists' work with ANI's, have drawing competitions with ANI prizes etc. https://bitcointalk.org/index.php?topic=423339.msg4968348#msg4968348Great to know about this group! I'm going to add a link to it in the Animecoin Links  I believe an active Animecoin community at deviantART would be much much more efficient than this thread at the BTC Talk, because what matters most is that we take awareness about ANI there, where the Otaku community is. Thank you! Absolutely correct ! The animecoin network needs strengthening in order to give new users a better experience. A more attractive, visual, GUI would also be a great upgrade. There is a long project here, which needs organisation and planning, but the rewards for success would be substantial. An android wallet would be enough, I believe, to make Animecoin more attractive. More and more people will naturally become curious about Animecoin, simply because of the fact that it is related to the Japanese culture, but most os these people might not want to download and install it in a computer. People nowadays almost "don't even use computers anymore": A wallet to be installed at their smartphone or tablet is what they want. It is not impossible to have our android wallet created. Some people here in this forum do this kind of service for some bitcoins, and although nowadays the BTC is much cheaper, our crowdfund still isn't enough. But if we have more people willing, it is possible that we have it. Good point. Android wallet would suit Anime better than most coins. |
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Hoarding has the goal of delayed buying. Of course, some people can hoard for the sake of hoarding, but most do it to store value for purposes of future consumption. Which again brings us to unique consumption cases that this or that currency can provide.
Storing today's excess for future consumption. That is indeed the reason money emerged in human society in the first place. It later became necessary to pay specific demands (Tax or trade etc) Cryptocoin buyers so far fall into 2 categories : Those who want to store value for future consumption, and those who want to make a quick profit (preferably getting rich) in a shorter time frame. The purchases of Cryptos with express intent to use for current expenditure are virtually nil. When Cryptos are demanded as payment for necessities , then mainstream adoption will be underway. |
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changes in the new wallet include:
-after block 260,000 all coins will be even when staking as if it where
block 0 and no coins will have a higher stake priority anymore.
What does that mean, exactly ? What will be the min + max coin ages ? the same 2 hours to 84 days will be the stake time. the only difference is when it comes time to stake for a block the network will no longer look for those coins that are closer or past the 84 days. all coins are now even and will behave like they all brand new. so basically the network will stake what is avalible in order to keep the block chain moving as opposed to looking for coins that havent staked in a long time. That sounds positive ! I don't know if there are any drawbacks. Presumably blocks are still weighted according to size, just not age (excepting 2 hours min) |
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As for the 1 % premine, as you said, this is a huge project....what then is my incentive to put in all that work?
That is the error most devs make. They take their reward upfront. This often kills the goodwill of the coin. It is a leap of faith. The community takes that leap as well. |
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changes in the new wallet include:
-after block 260,000 all coins will be even when staking as if it where
block 0 and no coins will have a higher stake priority anymore.
What does that mean, exactly ? What will be the min + max coin ages ? |
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We had this discussion before and I think that atm we are fine with those 3 big exchanges we got now. Really no need to stalk Bittrex to get added. I disagree. i'm with you richard, but i don't think it needs a broad consensus in the community to get this done. just do your thing. i have been wondering why we aren't already on there yet, since pretty much any coin gets added. its a) bittrex is pissed cause the ICO was on c-cex, b) the devs specifically asked not to be added or c) knowing that there are ICO funds bittrex is waiting for a 'bribe'. so if the devs could just give us some input on that no efforts need to be wasted. and btw, does anybody know if ckc will be on mintpalv2 from the start? On a completely different note, I don't know if it's just me, but I wanted to say that I find the Checkcoin logo extremely catchy. I've seen hundreds of coin logos and CKC is by far my favorite one. I just love the simplicity, there are no complex patterns or intricate details/textures and only 2 colors. It's to-the-point and the kind of logo that sticks to the mind easily. Having an easily recognizable logo is extremely desirable when it comes to marketing. Awesome design by the team, you guys couldn't have done it any better!!  i agree, i like the branding, good job Agree, logo is a truly great one. I do not fully understand how the GPS will embed adoption, but am willing to support the project and buy some. Devs are sensible, and need to remember that it is a long game. Better not to rush the stages. If the market price stays low for now, that is good. |
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It's getting harder and harder to buy CKC by the way.
A lot of buy pressure on C-Cex. Cheap coins will soon be a thing of the past.
Plenty still on BTER. It will take some time to soak up the IPO sales, because there are lots of flippers who are happy with small profits. |
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Hoarding has the goal of delayed buying. Of course, some people can hoard for the sake of hoarding, but most do it to store value for purposes of future consumption. Which again brings us to unique consumption cases that this or that currency can provide.
Once the expected loss in transaction costs is smaller than the expected loss of the transactional currency being a weaker store of value, people prefer currency exchange to hoarding the transactional currency. Between cryptos, currency exchange cost is very low, so I don't give much chance of success to a coin that is a weak store of value even though it had superlative transactional use. But higher usage on the other hand makes a coin gain in value also, therefore making it a better store of value. Is not higher use (velocity) really the only way a currency can gain traction ? Fundamental demand is always going to outlast speculative demand. |
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...awaiting the explanation.. I don't think I can explain, it's a clash of ideologies. In that kind of opposition verbal arguments, which there's been no lack of recently, just don't work. There is a reason they made the "A picture is worth a thousand words" proverb, because sometimes you have to see it to believe. I often find that an explanation first requires an understanding of the questioners understanding level, and an interactive argument. The shortest bullet point that I could give in favour of PoS is this : An initial period of inflation provides the driver for adoption of Digital Currency : cheap coins to play with, low risk: high velocity of money to build an economy..... PoW provides that.
That was Satoshi's original premise,worked for Bitcoin, and still working.
Bitcoin has a long lead on competitors . PoS is a kind of shortcut to PoW (but better to have both in the same coin). Creates 'free' coins on the fly, making regular coins available for new buyers , many of whom see the stake as if it were 'interest' , and the apparent ROI is the incentive to invest.
The ideal PoS % , taper, and balance, is in the process of being found. |
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@raganius, I invited you to deviantART group AnimeCoin I created back in February, hoping you could admin / manage the group if you have the energy. I tried to get a bit of a giveaway and general awareness going on in there but I got inactive pretty soon. The intent was to start tipping artists with ANI's, buy artists' work with ANI's, have drawing competitions with ANI prizes etc. https://bitcointalk.org/index.php?topic=423339.msg4968348#msg4968348Great to know about this group! I'm going to add a link to it in the Animecoin Links I believe an active Animecoin community at deviantART would be much much more efficient than this thread at the BTC Talk, because what matters most is that we take awareness about ANI there, where the Otaku community is. Thank you! Absolutely correct ! The animecoin network needs strengthening in order to give new users a better experience. A more attractive, visual, GUI would also be a great upgrade. There is a long project here, which needs organisation and planning, but the rewards for success would be substantial. |
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I will post on 1 September a list of coins and update everyday, it will be available in the OP. 1st October ? This is a large project and a lot of developers and resources would be needed to get it off the ground. Why ? Because the only really viable way forward is to burn dormant altcoins to get the new coin. The new coin would need to be very attractive to do that, and therefore would need serious backers. However, I can forsee serious rewards for success. The 1% premine would be a mistake, because it would send the wrong message and poison the whole project. With respect, I don't think it's viable without a big team and resources, but it's a great idea. |
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i am scared we have all been scammed - the devs are long gone. Devs who care about their coins dont do this.... its been what 2-3 weeks? Face it people - supercoin is dead.
I don't think this is/was a scam. I think the devs lacked marketing skills which hurt the coins growth/value, and we also had a crybaby community whined and complained about POD. Had the fudsters just shut their mouths maybe the coin wouldn't have lost the public support that was slowly accumulating. Personally, I blame the community as much as the devs. Glad I got out when I did. Sorry if you didn't. Most communities are similar. Most coins follow the same path (I have been in at least 20 like this). It doesn't matter how brilliant the technicals/ideas, the community whinges and won't do anything constructive...in the end the dev. gets tired, hides, goes insane or loses interest. On the upside, sometimes there are takeovers and revivals after things have hit rock bottom. The very best profits are to be made by buying really bombed-out coins that have good ideas or genetics. Super hasn't dropped enough for that yet: there is still too much life in it ! |
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# of coins are a major factor in High interest Hyperstake 22,304,814 coins 750% yearly Hobonickels 6,466,084 coins 2% every 10 days (~6% a month) Bottlecaps 6,364,910 coins 200% yearly TEKcoin 2,301,584 coins 40% Monthly (few bugs at the moment) Supercoin 14,739,465 coins 1st year 100%, 2nd year 50%, then 1% forever Notice none are over a billion, and when they get more coins they will most likely drop the rates. Tek forum has discuss lowering rate. Supercoin rate lowering is already set to 1% Hyperstake is already placing limits on how much you can stake at one time. ECC is over 18 billion now. Super High interest with high volume of coins with low demand is a death blow. Can not be done safely without massively lowering the number of ECC coins. Also how will community react to a reverse split? FYI: Numbers are from http://coinmarketcap.com. I think it would work better with billions of coins. The bar to mainstream adoption with most cryptos is not enough units. |
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FYI:
ECCTrade on Comkort.com & Swisscex.com exchanges are currently down.
comkort is in contact with me. they are fixing it. swisscex is only doing LTC market at https://www.swisscex.com/market/ECC_LTCi like the discussion so far. only thing i am wondering is: Majormax why do you think that only high inflation will cause crypto adoption? Not just high inflation : Great technology, merchant use, huge promotions, thousands of community members will drive adoption better. However, high inflation is the most powerful driver that lies within the power of ECC community without incurring large costs. ECC is pretty nearly inactive by comparison with its competitors : most of them are afraid of high inflation and it is a great way to steal a march on them, with nothing to lose. I don't want to dominate this discussion, so please, let's hear from someone else, refuting my specific points. 1- Great technology, merchant use, huge promotions, thousands of community members will drive adoption better. i'd like to hear some of your suggestions to acheive this aim Majormax as this is clearly fundamental. 2-(when you say ECC is pretty nearly inactive by comparison with its competitors )(specifically which? - the ones you mentioned as holding ? or others?? )- i think the ecc community is increasing but then i dont have the stats. 3- can you reFute the deduction that you simply want loads more ecc without investing any more btc/ltc. 4- I am prepared to plant trees to offset any carbon emmission incurred from ecc use- think that was originally an idea for ecc - way back in the day (earlier this year)- although i use solar power i suspect that parts of the network and probably some of the electrons that are channelled through my computer have a carbon footprint that deserves to be addressed. anyone wishing to get involved with a tree for ecc plan - please say. 5- i think 25 percent is pretty good - i mean i think back in the day when it had a leaf on it and it was one of if not the first to go proof of stake, it was about 20 percent - correct me if i'm wrong - and besides ... Griffith has done the coin a great favour by all the hard work and effort , off his own volition , for which i am grateful and wouldn't want to see him spending all his waking hours doing extra little tweaks for no wages just for the benefit of users who wanted more of a monopoly on the total coin weight . perhaps if on balance if it did end up look like a good idea to put up the interest there would be some sort of a cash incentive . discuss. 1. I am not suggesting any. The best I have to offer at present is higher stake. 2. Hyperstake, Hobonickels, Bottlecaps, Tekcoin, Supercoin, PPCoin (lower stake) Novacoin. 3. High stake does not benefit me specifically, but would benefit everyone who holds ECC. The value of my ECC holding will likely never get near 1% of my total Cryptoholdings (even if ECC multiplies massively from here). It would be better for me to give away my ECC (would save me some time, and I have done that with several other coins), as I am more interested in the technical and intellectual discussion. 4. Refer to reply above . 5. I think it started at 30%, but anyway, similar % to now. Griffith is doing great work : I like the new GUI. I too am here unpaid, in fact I spend about 20 hours a week in altcoins, and have done so for 16 months (with negligible reward) : my professional charging rate in my other 2 businesses is plenty, so money is hardly my motivation. I support dozens of coins, but obviously I have (very) limited time. |
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is this fail project,...
why do you think it's a fail project? cuz price isn't increasing?? It cannot fail because it hasn't started yet. 95% of the coins haven't yet confirmed. In a years time we will have a better idea of the success or otherwise. |
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FYI:
ECCTrade on Comkort.com & Swisscex.com exchanges are currently down.
comkort is in contact with me. they are fixing it. swisscex is only doing LTC market at https://www.swisscex.com/market/ECC_LTCi like the discussion so far. only thing i am wondering is: Majormax why do you think that only high inflation will cause crypto adoption? Not just high inflation : Great technology, merchant use, huge promotions, thousands of community members will drive adoption better. However, high inflation is the most powerful driver that lies within the power of ECC community without incurring large costs. ECC is pretty nearly inactive by comparison with its competitors : most of them are afraid of high inflation and it is a great way to steal a march on them, with nothing to lose. I don't want to dominate this discussion, so please, let's hear from someone else, refuting my specific points. |
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