FUD. Anybody can make up numbers. Your argument might be valid but as long as you're just spit balling numbers with no real facts about anything, you could just as likely be wrong. Nobody will take you seriously otherwise. Especially considering you led off your statement by telling us what a dispensary should or should not sell. Do you own one? I'm not sure you're qualified enough to tell us what they should be selling, or how much they make.
Don't call me FUD brodda... you have no idea what I know. I know more than 99% of Coloradans on the issue of medical marijuana and it's regulation because I am intimately involved in the industry and started researching it in 2008. My full time job is "in the industry". I owned and operated my first dispensary for a year and then went on to work with dozens of shops in managerial positions or higher as I negotiated to acquire them. The potcoin-atm story has no weight. Going to a "beer store" and buying "bubblegum" is not a real business model. So tell me again, what is Potcoin? Potcoin is direct competition to the platform you support, Mediswipe. No idea what your involvement in that company is but frankly its irrelevant. But that's why you're in here isn't it? To troll your competition. Definition of FUD: Fear, uncertainty, and doubt. You doubt the success and validity of the coin, and you're uncertain that it will solve the issues at hand (mainly the banking problem). You clearly fear it because you're in here pushing for people to get out of the coin in favor of what YOU support. So yes...its all FUD. |
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Secondly...The coin is still 4 months old. 4 months. If you told me 4 months ago that a dispensary would be accepting Potcoin, with ATMs physically located inside the dispensary I would have invested a lot more.
Wasn't that the original goal that was being told to us 4 months ago? Also, is there a promotion to buy things with POT at the dispensary? If I have a $20 bill in my hand, and there's no incentive to exchange it for POT at the ATM, won't I just buy what I was going to buy with the $20 bill? Is there an incentive to exchange? Like is Rock River giving a 5% discount for using POT? I'm not knocking the ATM, I just want to know what the marketing angle is to get patients hooked on using it. -Fuse Discounts have been discussed but I think they are still feeling it out right now. But you're right there is no reason while you are standing there with cash in hand to use Potcoin. But the next time you come back maybe you walk in with potcoin instead of cash. Just like bitcoin you can't expect people to all of a sudden stop using cash. Its what people know and what they feel safe with. The ATM at this point probably has a larger effect just spreading the word about potcoin than it does in actually supporting sales at the dispensary. |
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It's the choice of the dispensary whether or not to accept cryptocurrency for legalized marijuana, and since both are very new they have decided to spend more time evaluating the option. We are working closely with the industry to ensure complete compliance with the laws now and in the future. Again, please have patience. We are working within two relatively new industries where laws and regulations are adapting and evolving and a cautious approach is necessary both for PotCoin and the companies we serve. Regards, Russell Thomas What portion of their business is non-marijuana? I can't imagine it's more than 3% of their total sales. If you only knew the markup on accessories and paraphernalia. Can't really smoke without those can yah?  Yea but in Colorado there are many many glass shops. That's not what the dispensary would be selling, mostly t-shirts and soda I imagine. Point is the non-marijuana portion of the business at any dispensary is negligible... maybe 3% of total sales? Then what portion are we thinking the potcoin users would be purchasing? 1/1000th of that 3%? What is that 0.00003% of sales total maximum potential? Was that really worth a press release? That's kind of like putting out a press release because you found a penny on the ground and it was face up. FUD. Anybody can make up numbers. Your argument might be valid but as long as you're just spit balling numbers with no real facts about anything, you could just as likely be wrong. Nobody will take you seriously otherwise. Especially considering you led off your statement by telling us what a dispensary should or should not sell. Do you own one? I'm not sure you're qualified enough to tell us what they should be selling, or how much they make. Secondly...The coin is still 4 months old. 4 months. If you told me 4 months ago that a dispensary would be accepting Potcoin, with ATMs physically located inside the dispensary I would have invested a lot more. People don't always agree with the direction of this coin, but I don't think anybody would dispute there is progress being made. People forget that crypto currency in general is still a complete mystery to most of the people in the world. We are the 1% of the population who have this new technology figured out. Most people are still struggling to figure out Bitcoin, let alone Potcoin. |
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This is just backwards thinking. The point of this coin isn't necessarily to solve the banking crisis. Its to create a crypto-currency for use within the marijuana industry. Says so right on page 1. The point of cryptocurrency in general is to remove banks and other third parties (like your precious mediswipe) from the customer <-> client relationship. That's the point of Potcoin, to provide a secure transaction platform within the cannabis community free of third party influence. If it helps with the banking problem then great, but the purpose of the coin is beyond that. The dispensary doesn't accept Potcoin for marijuana because, well, quite frankly why should they? At this point the market is too new and volatile for them to take such a risk. They are getting ahead of the curve by accepting it on everything else. When its safe to accept for all purchases, they will. And by that time they will have a customer base that already knows what Potcoin is. |
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The users here are copying any challenges customers are having from our official company thread. They are purposely cutting out positive feedback and only posting the ones that are issues.
As evident by the fact that the same 2 users post over and over again. Their agenda is fairly obvious.........
As is yours. Those might be the only ones posting here but the bystanders see the content. Besides, you delete the negative feedback on your thread regularly. Who are you to tell them not to post the good (and probably shilled) comments. Whats worse, not telling the whole truth or deleting the truth? |
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Hmm. Let me think about this for roughly two milliseconds. How many coins out there are completely original code?
Anyone?
Ok, I'll spell it out. Bitcoin and NXT. All others are derivative in some manner. I'm in the midst of compiling hundreds of them, and you know what? They're all pretty similar at base. The innovations, such as they are, are minor things to the code, but can have a major impact on the way the coin performs. These coins are out there for many different reasons, from someone trying to change the world all the way down to some body having a bit of fun. In my time, I've seen a few that were outright scams, a few that were really tremendously awesome, and a lot of reinventing the wheel.
The thing is, the market is new. I know, I know, it's "so yesterday" to have scrypt, x11, grostl, keccak, PoS, PoW... But face it: This revolution started in 2009. Bitcoin is king, due to being first and well marketed. There are a lot of contenders. The basic code works, and works well, or there wouldn't be all of this crazy, insane, cool, innovative, and wacky market. Evolutionary changes are just as valid as revolutionary ones, and it takes the lens of history to determine which is which.
As fof loljosh being a hired gun? So what? I have some ideas for a coin myself. I'm not currently looking for a developer, but if I were, he'd be on my short list. If you have a good idea, and don't know how to make it happen, you hire somebody who does. Frankly, if you don't like that concept, you probably should stay away from markets, period.
Still missing the point. Innovation doesn't have to be new algorithms, or crazy deployment schemes. Innovation can be how the coin is used just as well as how its made. I don't care that loljosh is hired, I care that he will move on when the coin flops. No reason to stick around when you have a dozen other coins already in play. Right now this coin is good for nothing. Not even a word from the developers of what the purpose of this coin is. Is it just to store value? We have hundreds of coins for that, we don't need another junk clone to pass around. All we hear about is the price and the multipool. The only comment in the first post even remotely resembling a plan for this coin is senseless: Sync is a unique crypto-currency created for premium users and miners that valued Proof-of-Stake and rare coin as a pathway to long-term investment
Premium Users? A long term investment for what? Dumping at the opportune moment? |
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Correct i think loljosh did the flavoured wallet
but someone else called nite69 did the lastest code
he is a member here on this forum search nite69
His "Get your own Alt-Coin" thread where he lists Sync as his latest work: https://bitcointalk.org/index.php?topic=466908.0What a honor for him to list Sync in his thread because I didn't see any other coins.. Maybe you missed my last post, I asked loljosh to work with me on Sync and it's not a secret. He post here frequently and even took charge when I was away. Do you prefer one person working on a coin or two? He's currently working on a online wallet and in built explorer, price sticker and multi-pool stats I really don't want to know your experience with him, but all the time dev ask other people for help. It's about connection and Nite69 (one of the AUR dev) coded the difficulty since the low supply affected block generation and he's still helping out to revolve the stake issues. FYI : Most of the top coins it was developed by Loljosh No MsCollec, you missed the point. You paid him to develop a coin, which he did. Not without problems but he did it. So now what...? Does he stick around or more likely moves on to develop another coin where he is funded by another "Dev" who couldn't do it themselves. And this does not just apply to loljosh, but anybody else you are paying to work on it. I was only trying to point out that this coin was created by hired hands. There is no innovation, no usage, just a bunch of people happy (after days of anger) they got their tiny stake. I don't know if you have problem with me or with SYNC. I have never seen you before nor we have dealt before as you are accusing me for being a scammer. There is no innovation, no usage, just a bunch of people happy (after days of anger) they got their tiny stake. Think 100 times before you make any statement like above. This is the 1st X11 + PoS coin of community having just 1000 coins. You will never find any PoS coin with that low amount anywhere on this forum (maybe yes in future because of Sync clones). This is what makes Sync different from other coins. Regarding to your statement related to flavoured wallet and copy paste codes, so let me tell you that 85% of the code in this coin is mine and nite69's ( he is the developer of Nite Gravity Wave NGW). The biggest innovation about this coin is to make PoS possible on just 1000 total coins. I think you didn't note another thing about this coin. Sync is currently having the record of highest net hashrate which was more than 300 GHS which is almost impossible for any other coin. I've seen you around the forums, involved in a number of coin launches (several were outright flops) in recent months. My problem with you is that you have already made your money on this coin so you have no reason to care how it goes from here out. And to be honest the launch was a mess. Testnet exists for a reason but my guess is, the transition to POS was never tested. It was just assumed it would work, and when it didn't it left everybody scrambling. As for your supposed "innovation" who cares? Its a POW/POS coin. All you did was reduce the number of blocks. The net hashrate is now gone. They mined it and dumped it. So who cares that it broke a record? All of the X-11 miners have gone back to mining other X-11 coins. I've seen you around the forums, involved in a number of coin launches (several were outright flops) in recent months. I want to see those coins too. Please can you list down the failed coins which are developed by me? My problem with you is that you have already made your money on this coin so you have no reason to care how it goes from here out. Money is not everything dude, if this coin was made for pump and dump then MsCollec and I would never mention our names. You have our wallet address , you can check that we are still holding all the coins any buying more of them from exchanges. Any coin can be called a failure, its all a matter of perspective. I don't consider any of your coins successful. Period. You craft coins based on real work done by other members of this forum, and sell them. Thats why I say they lack innovation. Because they do. Plenty of coins flop and the dev's go laughing to the bank. Doesn't mean it was scam. I'm not saying this coin is a scam. Not in any way. I'm asking other people to think carefully about investing in this coin, because of what it is, a clone. |
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Correct i think loljosh did the flavoured wallet
but someone else called nite69 did the lastest code
he is a member here on this forum search nite69
His "Get your own Alt-Coin" thread where he lists Sync as his latest work: https://bitcointalk.org/index.php?topic=466908.0What a honor for him to list Sync in his thread because I didn't see any other coins.. Maybe you missed my last post, I asked loljosh to work with me on Sync and it's not a secret. He post here frequently and even took charge when I was away. Do you prefer one person working on a coin or two? He's currently working on a online wallet and in built explorer, price sticker and multi-pool stats I really don't want to know your experience with him, but all the time dev ask other people for help. It's about connection and Nite69 (one of the AUR dev) coded the difficulty since the low supply affected block generation and he's still helping out to revolve the stake issues. FYI : Most of the top coins it was developed by Loljosh No MsCollec, you missed the point. You paid him to develop a coin, which he did. Not without problems but he did it. So now what...? Does he stick around or more likely moves on to develop another coin where he is funded by another "Dev" who couldn't do it themselves. And this does not just apply to loljosh, but anybody else you are paying to work on it. I was only trying to point out that this coin was created by hired hands. There is no innovation, no usage, just a bunch of people happy (after days of anger) they got their tiny stake. |
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Correct i think loljosh did the flavoured wallet
but someone else called nite69 did the lastest code
he is a member here on this forum search nite69
His "Get your own Alt-Coin" thread where he lists Sync as his latest work: https://bitcointalk.org/index.php?topic=466908.0 |
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Serieus this price is redicoulsly low what happened been on holiday and never expected this.
Anyone know ?
manipulation. Don't we have other way? well, seemingly not. we could have; desire to see the coin succeed - but we don't. support to make a coin mainstream - but we don't. ho-hum. Well im still gonna hold.. I invested every single penny of mine into this with high hopes and I invested when it was 0.65... don't get me wrong, i'm still supporting Sync and I will not sell at a loss. My main concern, i reiterate, is that everyone who wants to be a part of Sync, has a fully working wallet which synchronises to the network on first load. This is essential and we shouldn't get our hopes up for any new gimmicks until the current issues are resolved. MsCollec has worked tirelessly to try and get things evened out and I take my hat off for the work that's been done. Personally, I've had no problem with any of my wallets - i set up a node to support Sync and i'll continue (honestly) being vocal about the pro's and cons of the coin as it evolves. I've mined since launch using rentals and i've been buying all the way down from 0.75... my investment isn't the issue here.. it's the community-wide need for the small issues - being fixed. Has MsCollec really worked on it? I bet its still loljosh doing the coding behind the scenes. Not the first time he has botched a wallet. possibly, can't be sure. all I know is https://github.com/MsCollec?tab=activityYes but the way this usually works, he just delivers the code to the "Developer" who publishes it himself. loljosh is an accused scammer, not just a bad wallet coder. I think anybody investing in this coin should be cautious going forward if he is involved. And he has definitely been involved at least to a degree so far. He was the one who posted the "flavoured" wallet in this thread, and the one who is currently working on the web wallet. He even has his own "Build a coin" thread, where he displays the Sync wallet prominently in the first post. https://bitcointalk.org/index.php?topic=466908.0 |
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Serieus this price is redicoulsly low what happened been on holiday and never expected this.
Anyone know ?
manipulation. Don't we have other way? well, seemingly not. we could have; desire to see the coin succeed - but we don't. support to make a coin mainstream - but we don't. ho-hum. Well im still gonna hold.. I invested every single penny of mine into this with high hopes and I invested when it was 0.65... don't get me wrong, i'm still supporting Sync and I will not sell at a loss. My main concern, i reiterate, is that everyone who wants to be a part of Sync, has a fully working wallet which synchronises to the network on first load. This is essential and we shouldn't get our hopes up for any new gimmicks until the current issues are resolved. MsCollec has worked tirelessly to try and get things evened out and I take my hat off for the work that's been done. Personally, I've had no problem with any of my wallets - i set up a node to support Sync and i'll continue (honestly) being vocal about the pro's and cons of the coin as it evolves. I've mined since launch using rentals and i've been buying all the way down from 0.75... my investment isn't the issue here.. it's the community-wide need for the small issues - being fixed. Has MsCollec really worked on it? I bet its still loljosh doing the coding behind the scenes. Not the first time he has botched a wallet. |
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Is there a version of the Windows client that is not an installation?
All I could find is potcoin-0.8.6.4-win32-setup.exe which tries to install itself....looking for the version you can just unzip and run.
I agree, where's just a plain zip? Agree. I'm getting install errors from this file on two different systems. Give us a plan zip file. What you are looking for is the stand alone Potcoin-qt application, not a .zip file. As far as I know it doesn't exist, maybe the dev can explain why. I understand that it may be easier for newbies to have an installer but please also provide a version that does not require installation. Preferably before block 280,000 or I will have to stop using the wallet until I can get around to compiling for windows myself. I would think the easiest way is just the the -qt application. That's how many developers do it now. For example Darkcoin releases a new darkcoin-qt only. Not a .zip or .exe, just the -qt application. Its as simple as replacing a single file every time there's an update. |
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Is there a version of the Windows client that is not an installation?
All I could find is potcoin-0.8.6.4-win32-setup.exe which tries to install itself....looking for the version you can just unzip and run.
I agree, where's just a plain zip? Agree. I'm getting install errors from this file on two different systems. Give us a plan zip file. What you are looking for is the stand alone Potcoin-qt application, not a .zip file. As far as I know it doesn't exist, maybe the dev can explain why. |
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So its great that slowly things are getting figured out with this coin and its transitioning to POS now. But nobody has really said anything about what this coin is good for...Is it just another POW/POS clone? The price is only going to keep going down unless sync is used for something...anything. Right now its a bunch of people sitting with their wallets open hoping to somehow get rich. The only thing you can do with this coin is convert it to other coins... Also its worth pointing out that while MsCollec generally gets credited with being the Dev, the user loljosh appears to actually be doing the coding. He's a dev for hire, and he works cheap. Also he's been accused of scamming before. |
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Not to burst anybody's bubble but I can pretty much guarantee we won't see 240 GH on the multipool when POW ends. Probably nothing close.
Don't get me wrong its a very interesting idea and I think it will have some success, but in order for the multipool to work, somebody has to be selling their Sync for these altcoins. the multipool doesn't create Sync out of thin air.
So if everybody is holding their Sync and trying to mine on the multipool at the same time we have a problem. The multipool will be reliant on alt coin pumps to increase their value against Sync. This allows them to buy sync cheap. Otherwise they won't be able to exchange them to Sync for a profit (or atleast profits will be reduced). It will be more profitable for the miners just to mine the alt coin and get off the sync multipool.
The only way this multipool works is if people are selling their sync at a cheap rate as well as mining on the multipool.
well you just made the point of multipool very clear.. We do not generate coins (=impossible wit POS), we just make them more expensive! So if your scenario above comes throug we will be doing very small payouts, but with very high value! e.. payout 0.00001 SYNC with a value of 100 BTC/Sync  This is wrong and I think you misunderstood my point. Sync are paid out by the multipool because people are selling them on an exchange. The only way this multipool works is if sync holders sell them for whatever alt coin the multipool mines. Unlikely. So we are stuck in a scenario where the sync holders will only sell their sync if the alt coins are in a pump and their price is rising in comparison to Sync. Otherwise why would they sell their sync? But if the price of the alt coin is rising, it becomes more profitable to mine the alt coin and NOT exchange it to Sync. So people jump off the multipool. This is why I said the hashrate on the multipool will be significantly lower than during the POW mining stage. That's the really cool thing about capitalism. There will always be someone willing to sell a commodity for a prize if you only bid high enough. Then that last paid prize becomes the value of all the others. You're right but a few outliers overpaying for something isn't going to generate the sort of trade volume needed to sustain that price. But I'm not really concerned about the price of the coin so much, I think the rarity + POS + zerocoin features will take care of that. I just keep reading posts from people who seem to think 200+ GH is going to make its way to the multipool...its not |
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Not to burst anybody's bubble but I can pretty much guarantee we won't see 240 GH on the multipool when POW ends. Probably nothing close.
Don't get me wrong its a very interesting idea and I think it will have some success, but in order for the multipool to work, somebody has to be selling their Sync for these altcoins. the multipool doesn't create Sync out of thin air.
So if everybody is holding their Sync and trying to mine on the multipool at the same time we have a problem. The multipool will be reliant on alt coin pumps to increase their value against Sync. This allows them to buy sync cheap. Otherwise they won't be able to exchange them to Sync for a profit (or atleast profits will be reduced). It will be more profitable for the miners just to mine the alt coin and get off the sync multipool.
The only way this multipool works is if people are selling their sync at a cheap rate as well as mining on the multipool.
well you just made the point of multipool very clear.. We do not generate coins (=impossible wit POS), we just make them more expensive! So if your scenario above comes throug we will be doing very small payouts, but with very high value! e.. payout 0.00001 SYNC with a value of 100 BTC/Sync This is wrong and I think you misunderstood my point. Sync are paid out by the multipool because people are selling them on an exchange. The only way this multipool works is if sync holders sell them for whatever alt coin the multipool mines. Unlikely. So we are stuck in a scenario where the sync holders will only sell their sync if the alt coins are in a pump and their price is rising in comparison to Sync. Otherwise why would they sell their sync? But if the price of the alt coin is rising, it becomes more profitable to mine the alt coin and NOT exchange it to Sync. So people jump off the multipool. This is why I said the hashrate on the multipool will be significantly lower than during the POW mining stage. |
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Not to burst anybody's bubble but I can pretty much guarantee we won't see 240 GH on the multipool when POW ends. Probably nothing close.
Don't get me wrong its a very interesting idea and I think it will have some success, but in order for the multipool to work, somebody has to be selling their Sync for these altcoins. the multipool doesn't create Sync out of thin air.
So if everybody is holding their Sync and trying to mine on the multipool at the same time we have a problem. The multipool will be reliant on alt coin pumps to increase their value against Sync. This allows them to buy sync cheap. Otherwise they won't be able to exchange them to Sync for a profit (or atleast profits will be reduced). It will be more profitable for the miners just to mine the alt coin and get off the sync multipool.
The only way this multipool works is if people are selling their sync at a cheap rate as well as mining on the multipool.
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The BTC user base is so small, less than 1 million people, that there would be no invective for eBay to accept BTC. It's kind of silly to think that eBay or any large corporation is considering adopting BTC in the near-future. It's not worth the trouble for large companies to start accepting BTC, especially since the bottom line for them is potential profits. Maybe if the BTC user base was huge, they would consider adding it, but not the other way around. Btw, ebay sucks and their fees are ridiculous.
I've said this before, but Ebay won't ever accept Bitcoin. But that doesn't mean Paypal won't. Its much simpler for them to allow users to fund their Paypal account through Bitcoin deposits, instead of allowing direct payments on Ebay. It solves both of their problems because they can accept Bitcoin and still collect on the Paypal transaction fees. |
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Imagine if you half the reward and the difficulty goes up anyway(multipool hammering or 300MH asics)? Now you're talking about it being doubly hard to produce coins. Increasing the difficulty curve doesn't alter the reward in any way. It just slows it down. As does extending the block time. The two could be done in one fell swoop, and be less drastic than halving 4 times a year.
The difficulty would be as easy as implementing a multiplier to the algorithm that just says the difficulty is just 1.1 times what it should be, or whatever value is decided on. Block time is just as easy to change. If I remember correctly it's just one variable... although I could be wrong. I haven't looked at the POT code in depth.
-Fuse
This is all just moving numbers around. The number of coins released over a period of time still decreases. I don't understand why you think this is any better than halving the reward. You could up the difficulty, increase block times and still get hammered by large multipools just the same. I think your biggest concern isn't necessarily halving the coin, its halving it 4 times over the next year like they proposed. That I would agree with you is excessive. |
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I am actually really disturbed by what I am reading here and what I've observed in the moderated GAW thread. While shameless self-promotion is generally an accepted practice, I see next to no senior/hero members commenting on good experiences with GAW and mainly people complaining about shipping delays, incorrect orders, hosting issues, etc. This leads me to believe GAW is very good at convincing people to come to the forum to post "good experiences" but is lacking on actually providing those experiences (i.e., I have had fantastic interactions with one of their rival vendors, who I won't name, but never once have they asked me to come spam for them on the forums).
Can anyone with hosting provide a good update on what the situation has been? Personally I oversee my own mini-farm (4 blades, 3 5-chips) and one for a colleague (now at 6 blades and I don't even know how many 5-chips) and they run 100% uptime with around 99% accepted using RPi + Raspbian + Sandor111's CPUMiner, in fact, blades average 5.6MH @ 838 freq with no other interaction required. There is no reason for hosted miners to be down so often, with a few days of tweaking and professional employees everyone who purchased hosting should see similar uptime and acceptance rates since this is what the average joe can throw together with a blade and a rpi.
I don't want to slander anyone, but the general sentiment regarding GAW combined with deleted posts on the WARMINER thread, and the general unprofessional/over-hubrisy tone when their CEO posts (spell check?) don't paint a picture of a major player but someone who is presenting themselves as bigger than they are. When questioned in regards to the Zeus chips connection the response was that the chips were GAW's, while we know all the vendors are either straight-selling Zeus hardware or just getting branded versions.
These things just don't sit right, I'm happy there is an unmoderated thread to discuss this because I don't like slamming someone on their own sales thread.
I believe they are vastly misleading their customer base. All negative posts are deleted. The only ones that aren't, are the people who actually had problems solved and edited their posts to say so. But even still the number of issues being reported should be alarming to anybody. The gridseed debacle was their own fault and they are just pointing the finger at gridseed. Now they are selling "their own" scrypt miner and currently accepting pre-order money for it. But go ahead and ask about them like I did (after several deleted posts it took a PM). GAW will tell you they're in house and hashing. But still no pics or information about them anywhere. Just some auto cad drawings. They don't want the customers to know because they are just re-branded miners (probably from Zeus). My next thought was, if these are already hashing but they're currently accepting pre-orders...does that mean they're hashing on customers' hardware? They didn't respond to that one... |
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