some one just offered 58k Super @ 5000 SAT and that sell wall got eaten up in less than 3 mins.
Back to 5700 SAT offer.
Supercoin is going beastmode.
I grabbed 35% of that 5k offer, when I refreshed page for a second bite, it was gone. I reckon there will be a few chances to buy cheaper in the next week or two. |
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price is going up and you guys are begging the dev to cut PoW?
how about no.
Of course, no. The conditions are right for this coin, and its genetics are right. If it ain't broke.... Block halvings in PoW : 100% PoS, with taper: x11 algo : novel anon implementation proposal. |
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Guys, absolutely love the debate and idea sharing here! My opinion, we should stay true to our initial mission, values and code. I just had a look at coinmarketcap, you know that 3 of the top 10 market cap coins are not mineable - at all?
I agree there is a place for highly inflationary coins, but there is also a place for the stable low inflation niche that CGB is creating. CGB was one of the first PoS coins, one of the first to implement the accelerated subsidy halving, one of the first to move to PoS as a higher payout than PoW. All coins (even Bitcoin) will at some point in their life cycle come to a cross road where they have to either move away from appeasing miners or change their code and word to their earlier adopters. We are just a trend setter here again.
CGB has, and in my opinion should continue to logically envision the path ahead and move proactively rather than in a reactionary manner.
Yes, low inflation in PoS stake is a good way to instill confidence. The reason I am bandying around PoS figure like 100%, is because I see the effect , first hand, that a well constructed high stake has on the psychology of wallet holders (I have held most of the PoS coins from the earliest days). High PoS creates : 1. The excitement for new buyers to enter the market (people like 'free' money, although we know of course that it is really not free) 2. The incentive for existing holders to keep their wallets open much longer, thus strengthening the network (compounding etc) 3. A way of returning some money to the nervous or impatient investors ..An apparent ROI, as some holders will gain confidence and comfort from being able to get a monetary return, whilst keeping their original stake. This is proven to work well throughout monetary history, like stock scrips, even though analytical holders know it is not a 'real' return. 4. A sense of constant activity as stake is received, preventing attention drifting away to newer coins. A very high initial stake can be set to taper down to prudent maintenance levels after a few years, when the coin is established. The greatest risk for any young coin is death by global inattention, no matter how good its potential might be. |
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With much respect to the original ECC team... ECC is a great coin. It was the first POS coin that i heard of(there may have been others at the time IDK) and one the first I dedicated hash to mine. I GPU mined the $hit out of it or at least that's what i thought at the time. I amassed enough(u can never really have enough:/) and have held. It has been quiet for a while and that's not good with the market moving at warp speed. Good news is the market seems good with fresh teams as long as it means innovation, development & marketing. People hear scrypt nowadays and they are like "scrypt is dead" & "asics killed scrypt". When they hear about the pioneering of the POS concept and that POW ended before the asic arms race began they will begin to listen. Scrypt was the X11 of its day and the fact that POW ended before the spread of asic is key. Everything gets old, that doesn't always mean it's value decreases. Couple that with news of partnerships with real world commerce and respected organizations that will echo the ECC message and we will be in a much better boat to say the least. Thank you to those with the skills to pick up the ball and run with it. Much respect and thanks.
This is a great coin with a great message. It even has a great logo. Intelligent, green, feels good, friendly with the ability to cross over into corporate sectors for high level exposure.
It's very easy to take this coin seriously with the right team and campaign. The concept has qualities that appeal to the masses or at least the masses that can propel this coin into orbit. - Website could use a little polish. Silkcoin has a site that looks up to date. ECC site is organic and green...kind of a non-profit feel. Concept is great but could use an update and a bit of technology.
- New wallet please that breaks the windows 95 template. Again, imho, Silkcoin leading the pack here as well. As flat as it looks it's still generations ahead of the standard qt wallet.
- Latest features:
- Marketing: gotta hype it - sad but true.
Again, much respect to all those involved in the project, thank you for your time and efforts. john EPKFLQYfZY7W1tv7z1qhYVvgnAC49mQMtgGood points. Presentation (of website and wallet) could work miracles here. New adoption is always what is needed to avoid stagnation, and people are looking to buy novelty, and skillful presentation even more than sound content. Professional website designer, and something extra in the wallet look (as I have said previously) |
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can we increase the stake interest pretty please?
+1 100% pa would help a new phase of adoption (also need to taper back to a maintenance level after a couple years). Without new adoption, there is stagnation. |
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Its unfair because Devs are not central bankers.
The developer sets the network. network should be allowed to run its course. If prices drop, devs shouldn't be allowed to cut supply. You might ask yourself why but let me ask you this. If prices were to to rocket to the moon, should the dev be allowed to increase supply?
If your answer is no to increasing supply, then the answer should be no to cutting supply.
It becomes a scam when you tell people "yes there will be 12 million coins over 1 year" then turn around 3 months later and say "just kidding, we are cutting suppy at 3 million". This would force a liquidity squeeze, send the price higher and reward early adopters.
But that is exactly what you want right? Cut the supply after you have had your fill of coins and artificially pump the price? Sorry man. You argument for cutting supply hold no weight. So what if multipools sell coins at market? They control the hashrate, they earn those coins fair and square. If you want to compete with them, get yourself enough hashrate, mine supercoin and hoard them.
If multipools are mining supercoin and dumping, then clearly the price is too high and liquidity needs to be injected. I welcome multipools because if I am trying to buy big blocks of coins, why should I be forced to pay a higher price? This is were multipools are a godsend. while everyone is hoarding, multipools are liquidity providers. They will sell to me. Amazing.
I can provide more points but this should suffice. Its becoming clear that you only care about the price going higher. the only time PoW or PoS should be cut is when there was a clear error in the development of the coin. Two examples would be CENT and NINJA. Clear coding errors that hyper-inflated and ultimately killed the coins. Supercoin is not suffering from that so I don't see any problems with the way things are right now.
+1 A change in supply parameters (other than % stake, which rewards existing holders proportionately) is the death knell for a coin's potential and trust. Just talking about it is not good, but one single executed change is enough to kill. Any savvy traders will see it as an attempt by early adopters to dump-out. |
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The price is now lower than what it was just after launch....
Perhaps if you compare to BTC price but in USD, CGB is still higher than in the first months since BTC was only $75-$150 at that time. I've seen total marketcap of US$80,000 while now it's around US$200,000 with so many more coins minted. The market has to eat all these newly minted coins and build from there. I believe CGB is a big buying opportunity and I'm still adding small extra amounts whenever I have some available from other sources to improve my average buyingprice. Whilst it may seem a good investment opportunity, there are dozens more coins with the same or better potential which are also languishing at low price levels (there are also hundreds more with less potential). The key question is: What unique points will drive adoption (the trend is down at present, and the Newtonian default is to stay the same) and keep CGB amongst the very few survivors: ie save it from the 99% of coins which fade away, despite having great fundamentals. |
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Allow me to state my opinion about CB one last time. Please don't get me wrong, I really like the ideas behind CGB (scarcity, exclusivity, etc...); basic idea was RIGHT on. But it really seems like certain computer whizs and certain big egos make poor economists.
Please hear me out this last time, I really would like my CB holding to come back to a decent value.
1) I really do not understand the rational thinking behind CB admins hating mining so much. I have been owning some CGB for a long while, and most reward halving events were met with a price drop (and further loss of interest from community, eg: Memory coin, Dogecoin, etc...). I have seen this in many other Cryptos as well; it turns out reward halving of CGB was poorly designed and I suggest to bring mining back.
2) Now this PoS reward that CGB has, IMO, could easily be doubled, as it is way too low to stir any interest whatsoever, and "doubling" the PoS would still bring CGB nowhere near anything that would affect CB market price negatively.
Main thing however is not to lose track of the basic purpose of a currency: to buy things! I know this one is the hardest to tackle (the other two are just computer variables to adjust and a client update - no big deal), but people have to learn about CB and accept CB for goods and services. The first step in fixing this current undesireable situation is to bring the community back to this coin, by applying the hereby suggested first two steps.
So, I suggest bringing mining rewards back to competitive levels, and raising PoS reward as well; for God's sake bring back some excitement to this coin, it deserves it!
+1 IMO stake reward needs to be 100% pa at least for a year. Can be tapered after that , down to a 'normal' inflation level after say, 5 years. |
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*snip*
I am surely missing something here...
You are indeed. I paid them and the bounty was paid to me after it was made to spec. The owners have posted in this very thread. have a look see and you'll find them. Enjoy. Great work ! |
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is the coin dead?the price in mintpal is too low.
almost. I bought at price 180. And now the price is 18. What the fuck. It is a scam. I lost two much more than yours, but I don't think it is scam , A scam coin like liberty that has a huge air dump from dev. the comm is just a failure project (shit pure pos design and distribute ) for now . Quite right. ...for now (not predicting anything) |
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is the coin dead?the price in mintpal is too low.
almost. I bought at price 180. And now the price is 18. What the fuck. It is a scam. That is not the definition of a scam. ....just your bad luck or judgement. |
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higher % stake does not reward existing holders at all (creates dilution which decreases each units price), it actually screws over everyone who bought in because of rarity (ie knowing the market cap would stay under 1 mil). instantly evaporating any trust.
yes coins do it in panic mode as a bandaid approach to save a coin, but only those who either directly want to bail or honest people with very little real understanding of economics, market dynamics and/or the trustless system btc introduced.
Existing holders get all the stake. It is up to them to sell or keep it. There is no 'dilution' whatever the % stake is: Dilution would only happen if a new group or a limited group got additional stake. 100% pa would be the sort of stake that would get new 'investors' interested, and they would have to buy from existing holders, who would dictate the price. There is very little supply on the market. Sorry Majormax I disagree. I'm a holder of CGB because of the low inflation. It is after all Cryptogenic Bullion not Bunny Rabbits. The day of the wise investor will come for CGB, when the un-wise investors have all been stung. Well, it's a boring world if too many of us agree. I am currently buying higher % stake coins at the request of my investor clients (who have all sorts in their portfolios). It is interesting to see which coins come out on top in the longer run... usually the unexpected is what happens. |
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higher % stake does not reward existing holders at all (creates dilution which decreases each units price), it actually screws over everyone who bought in because of rarity (ie knowing the market cap would stay under 1 mil). instantly evaporating any trust.
yes coins do it in panic mode as a bandaid approach to save a coin, but only those who either directly want to bail or honest people with very little real understanding of economics, market dynamics and/or the trustless system btc introduced.
Existing holders get all the stake. It is up to them to sell or keep it. There is no 'dilution' whatever the % stake is: Dilution would only happen if a new group or a limited group got additional stake. 100% pa would be the sort of stake that would get new 'investors' interested, and they would have to buy from existing holders, who would dictate the price. There is very little supply on the market. |
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Unfortunately, a lot of coins just fall, it's important to keep the price ~50satoshi  More and more coins on the market, At the same time More and more of the coin is dead! Note the majority of coins PoS is a big scam, people wishing to gain buy the worst shit, was a chart up. They go to the toilet and on the bottom bite  Q2C is clean, but abandoned. He had no luck with the devs, the coin was a wonderful community that already in most extinct. Q2C is one of the most underrated, and fair coins.
That's the sad truth!If it has value, it will be revived. |
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Good work ! Anime trade will pick up when the wallets become more distributed. |
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Sadly, the currencies which stuck to their original plans, apart from a tiny handful, just withered away.
The flip side is any divergence from the original plan that alters the total coin supply or the rate in which coins are distributed, defeats the whole trust less system, this is lost on so many panic change quickly or die mentality of the old school coins of late. I think we are all (altcoins) really grinding through a tough patch as Bitcoin recovers from the recent hostile positions taken against it by government and big business alike. I bet there is a lot of soul searching going on out there. I know what you mean by the panic driven change, and have taken many opportunities in the past to present a calm and rational view. For us, it is a bit of a unique situation. Very few coins have had to deal with the turbulence of moving beyond the mining phase, which seems to attract all of the attention. We now have to forge ahead and create value in ways other than mining focused speculation. Details to follow shortly.. Coin original supply is one thing of course, but the opportunity for new entrants to acquire holdings introduces new blood and ideas. Revival is difficult without that. A higher % stake is a good way to reward existing holders. There also needs to be a cheap plentiful supply on the market for a while. Time , and price, will tell which are the dominant features in a CryptoCurrency. There are an immense number of competing coins, and most communities have their own good ideas, but they cannot all win (in fact I would say very few can be winners). Most coins are for 'Investors' because there are very few real payment applications. |
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Price worries:
IMO it is not simply one factor. There are hundreds of viable coins, and dozens of really good ones. I have analyzed and traded around 100 digital currencies since April 2013. Most communties voice the same concerns 'why is the price falling, when we are implementing such good projects/the idea/function/genetics of the coin are so good ?'
The key to understanding this is to use/trade/compare and discuss every coin, to compare all their attributes, then you can see what affects price in the long term.
My own tip : If CBG had Coin Control in the wallet, and a higher % stake (like 20% +) , the demand for it would be a lot higher now.
Far be it for me to tell the community how to proceed: I understand that long term planning is the idea here, so short term price weakness will need to be tolerated for some time. The problem is, if a coin doesn't get enough attention at the right stage, it is consigned to the also-rans of the digital world, with plenty of newcomers trampling on its head to climb up the ladder.
Your insight is very appreciated Majormax. I agree that the feature set for the wallet software is very important, and it is one of our highest concerns at the moment. We need to bring the CGB look and feel up to the latest standards. Fundamentally it should have little impact, but sometimes you need to flash some colors to attract the capital . I wish it was as simple as increasing stake, but you have to take from one to give to another, and we need to remain predictable for investors. Absolutely right on getting attention at the right moments. We feel that we are at a critical time for CGB to really get its message out. We have had so much momentum built and with our BDay coming up, its the perfect opportunity to say hello to CGB 2.0. We will be drawing in plenty of interest through projects like CryptoTown On The Ground, "offline," and targeted marketing, giveaways, and further exploration of what exactly CGB's role is in the new economy. You have a good grasp of the big picture. I realise there are competing and conflicting tactics and strategies. Coins in differing stages of their life need different promotion tactics, and indeed, different genetics, if that were possible. Predictability and stability is fine in theory, but IMO that carries greater weight at a later stage. If you study the older coins that managed a strong revival, you will see that it was the ones that underwent a significant fundamental reinvention (and therefore change in structure, with all the attendant community discort and argument) which managed it best. Sadly, the currencies which stuck to their original plans, apart from a tiny handful, just withered away. I am not predicting anything (anyone who says they can is likely to be deluded), just freely giving of my own experience FWIW. Coin Control in the wallet can be implemented in a straightforward manner (no hard fork needed). Most good PoS coins have it as a matter of course. |
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Price worries:
IMO it is not simply one factor. There are hundreds of viable coins, and dozens of really good ones. I have analyzed and traded around 100 digital currencies since April 2013. Most communties voice the same concerns 'why is the price falling, when we are implementing such good projects/the idea/function/genetics of the coin are so good ?'
The key to understanding this is to use/trade/compare and discuss every coin, to compare all their attributes, then you can see what affects price in the long term.
My own tip : If CBG had Coin Control in the wallet, and a higher % stake (like 20% +) , the demand for it would be a lot higher now.
Far be it for me to tell the community how to proceed: I understand that long term planning is the idea here, so short term price weakness will need to be tolerated for some time. The problem is, if a coin doesn't get enough attention at the right stage, it is consigned to the also-rans of the digital world, with plenty of newcomers trampling on its head to climb up the ladder.
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I have come to the view :
1, XLB author is an honest man , at least he did not admit the outset, the ability to develop an anonymous system . The authors compare the DRM ?
2, no Premine, and are willing to use their own money to buy XLB, and no dumping in 0.00018 time to prove his long-term bullish XLB
3 , the authors utilized by IE
4, for honest money, I am willing to continue to hold.
Has been on eight , is true, but there are 100 100 people views . Represent the views of my understanding of the facts . Maybe you do not understand this ,
and it does not matter .
All of the buying, selling, and the forum posts are just noise. The value is in real technical progress. Whilst this continues, the coin has potential future value. I do not profess to understand the arguments and beefs expressed on this forum, but view them as politically motivated, not grounded in truth (and often the result of psychological malfunction). Anyone executing real work will not be influenced by those comments.. |
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I want to create a paperwallet from some DRK. I tested creating a Paperwallat with some HIRO in case something goes wrong. After creating a paperwallet and depostit HIRO from exchange to the wallet and i checked balance in the blockcahin. All fine. Than i did import the privkey into my first life wallet and get back the value into my lifewallet. Than i import it into a second livewallet i also got the balance into the second one. After check the first wallet coins are still in both wallets  What did i do wrong ? Looks like anybody who has the private key can use the coins. Can somebody also try to import the privkey 6fA98bA5EDH7uKiztXnTdPdRB3WGxjb2Tpaybb7geebuKgcYvnL I am a bit confused about all this The private key IS the balance. The wallet is just a door into the blockchain, the coins reside on the blockchain. You can have as many doors as you want, but best to have just one, as you only need one set of locks to keep safe. |
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