If you can see in the early pages of the first unmoderated thread, i made it clear to the dev, mixing pow and ipo can only work if pow phase is barely 10% of the total coins.
This is the worst possible mix that could be done and should be stoped.
ICO and POW can clearly work together with the majority of coins mined, there is no reason why it shouldnt work. I read your posts and couldnt find an argument against it, only arguments against this specific structure and I completely agree on that. But there is no reason that structure cant work generally, either with a long POW phase and much lower rewards or with a drastically lower ICO price. On the second part I simply disagree. This is not something that just occrued, it was all well known. No one was forced to buy this coin. Buying high and then crying to be bailed out by cutting the supply is ridiculous, but I am pretty confident that the poll will favour a shorter POW period. I never said it was impossible, read again and i stated it in the previous thread. I told the dev clearly, either make the pow phase longer which will bring lesser daily reward and lesser dump impact or lower the pow amount. Mining 70% of the coin withing 10-14 days if i recall is suicidal for the ico investors. Also not everyone understood the problem since the very first day like some of us did thats why they went ahead with the hype and invested in the ICO. I did not invest in this ico since i knew how this would turn out. Right now the ico/pow ratio is just ridiculous and yes this is causing a big problem but once again i never said we cant do both just said the pow phase was way too big compared to the ico and whats the point of having people put their trust in you if you can't provide them some kind of advantage? They are funding the project and they get screwed up while the dev is taking 0 risk here. No one is crying just trying to push out a smart decision. Cuting the pow now is the best decision for the miners and for the coins holders only people that would be against it would be the pow dumpers who are eager to dump more. |
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If you can see in the early pages of the first unmoderated thread, i made it clear to the dev, mixing pow and ipo can only work if pow phase is barely 10% of the total coins.
This is the worst possible mix that could be done and should be stoped.
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I don't think it will change anything if you cut POW phase.
Dev made mistake by choosing X13. All X algo mine big farms and they always dumping.
If you cut POW it'll be almost pure ICO (which ppl don't like).
Second thing you need real miners (not farms, ASIC's), which you posess by longer POW phase with diffrent algo (neoscrypt, lyra2re, groetsl, etc.)
http://king.explorer.ssdpool.com:9133/richlistCoin Supply: 1203918.02538802 (KING) - 501897.10000000 (burned ICO) = 702021 - 250000 (total sold ICO coins) = 452021 It's almost 500000 mined, it can't be "pure ICO". That means that on every bought in ICO KING there is already 2 KING mined, 1:2 ICO:MINED ratio. ratio is already 1/3 and up this is barely starting will end around 1/7 and a bit |
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I don't think it will change anything if you cut POW phase.
Dev made mistake by choosing X13. All X algo mine big farms and they always dumping.
If you cut POW it'll be almost pure ICO (which ppl don't like).
Second thing you need real miners (not farms, ASIC's), which you posess by longer POW phase with diffrent algo (neoscrypt, lyra2re, groetsl, etc.)
Man where do you guys even get your infos from? It will be pure ipo? i dont even think there is more then 250k coins bought on the ico and there is already 1.1M coin out. Make the math.By the way by creating a poll allowing every to vote is simply unfair to the ico investors since there is way more miners who are waiting to dump daily then people who invested in ico. You should do the math  Remove 500k coins, which were burned. I don't know if this is possible, but you can stop the POW phase start working back to get your coin up.
This pow phase is destroying your coin just like i told you since day 1 but this is not too late i am sure there is something to do to stop the pow phase.
coding? or simply a new coin to swap actual coins?
Just in case you did not see this, hoping for an answer or even a poll to allow people to vote the idea.You're contradicting yourself. Please decide. Poll or not to poll? lol you playing games now? where im i contradicting my self? The poll is a good idea but it will attract the mining community thats what i said globally which i said wouldn't be fair for the initial investors. From the Initial investors perspective what would be fair is to just cut the pow phase directly but go ahead with the poll instead of playing around on previous quotes. Who is playing games, are you kidding me, man? First you suggest me to make a poll, then you say it'll be bad if I make a poll? When i initially said create a poll i didnt take in consideration the 1k dumpers mining your coin. Now im tthinking about it and i think you should just take your investors priority in hand and cut the pow phase. I doubt the ico investors are going to be against this decision what do you think? |
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I don't think it will change anything if you cut POW phase.
Dev made mistake by choosing X13. All X algo mine big farms and they always dumping.
If you cut POW it'll be almost pure ICO (which ppl don't like).
Second thing you need real miners (not farms, ASIC's), which you posess by longer POW phase with diffrent algo (neoscrypt, lyra2re, groetsl, etc.)
Man where do you guys even get your infos from? It will be pure ipo? i dont even think there is more then 250k coins bought on the ico and there is already 1.1M coin out. Make the math.By the way by creating a poll allowing every to vote is simply unfair to the ico investors since there is way more miners who are waiting to dump daily then people who invested in ico. You should do the math Remove 500k coins, which were burned. Yes total ICO 750k - 500k = 250k ico coins 1.6 M coin for the pow phase 250k coins for the ico phase? Please read comment above your comment. I edited it. 500k minus 1m = 500k.  Why are you even trying to cover this whole thing up. These 500k were burned from the c-cex ico not from the pow phase. So whats the point? There will still be 1.6M at the end of pow + 250k from the ico. |
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I don't think it will change anything if you cut POW phase.
Dev made mistake by choosing X13. All X algo mine big farms and they always dumping.
If you cut POW it'll be almost pure ICO (which ppl don't like).
Second thing you need real miners (not farms, ASIC's), which you posess by longer POW phase with diffrent algo (neoscrypt, lyra2re, groetsl, etc.)
Man where do you guys even get your infos from? It will be pure ipo? i dont even think there is more then 250k coins bought on the ico and there is already 1.1M coin out. Make the math.By the way by creating a poll allowing every to vote is simply unfair to the ico investors since there is way more miners who are waiting to dump daily then people who invested in ico. You should do the math Remove 500k coins, which were burned. I don't know if this is possible, but you can stop the POW phase start working back to get your coin up.
This pow phase is destroying your coin just like i told you since day 1 but this is not too late i am sure there is something to do to stop the pow phase.
coding? or simply a new coin to swap actual coins?
Just in case you did not see this, hoping for an answer or even a poll to allow people to vote the idea.You're contradicting yourself. Please decide. Poll or not to poll? lol you playing games now? where im i contradicting my self? The poll is a good idea but it will attract the mining community thats what i said globally which i said wouldn't be fair for the initial investors. From the Initial investors perspective what would be fair is to just cut the pow phase directly but go ahead with the poll instead of playing around on previous quotes. |
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I don't think it will change anything if you cut POW phase.
Dev made mistake by choosing X13. All X algo mine big farms and they always dumping.
If you cut POW it'll be almost pure ICO (which ppl don't like).
Second thing you need real miners (not farms, ASIC's), which you posess by longer POW phase with diffrent algo (neoscrypt, lyra2re, groetsl, etc.)
Man where do you guys even get your infos from? It will be pure ipo? i dont even think there is more then 250k coins bought on the ico and there is already 1.1M coin out. Make the math.By the way by creating a poll allowing every to vote is simply unfair to the ico investors since there is way more miners who are waiting to dump daily then people who invested in ico. You should do the math Remove 500k coins, which were burned. Yes total ICO 750k - 500k = 250k ico coins 1.6 M coin for the pow phase 250k coins for the ico phase? Thats exactly what i said previously, already 1.1M coins out and only 250k of them are from the ico. I think there was enough mining the ratio is just getting ridiculous don't you think. |
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Is the platform usable now? or we have to wait for the full version?
Good day, softstorb! Thank you for your interest! The project is usable - but it's still on early B-stage, so you'll have to wait a couple of wеeks until fully functional B-version is released. Development team don't spend much time to update the project on daily basis - a great deal of new working features (like list of default questions for popular job positions - written by a professional psychologist, user-made interview templates, auto-responce module, etc.) will be uploaded with next RESUMEO.ME release. Great to see a new member of the team. |
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I don't think it will change anything if you cut POW phase.
Dev made mistake by choosing X13. All X algo mine big farms and they always dumping.
If you cut POW it'll be almost pure ICO (which ppl don't like).
Second thing you need real miners (not farms, ASIC's), which you posess by longer POW phase with diffrent algo (neoscrypt, lyra2re, groetsl, etc.)
Man where do you guys even get your infos from? It will be pure ipo? i dont even think there is more then 250k coins bought on the ico and there is already 1.1M coin out. Make the math. By the way by creating a poll allowing every to vote is simply unfair to the ico investors since there is way more miners who are waiting to dump daily then people who invested in ico. |
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Guys, I don't want to start deleting those posts. Please keep it clean and nice.
I haven't slept yet, because of many things. Main thing is the price.
You're blaming me because of OTHER people who sell THEIR coins.
Every sold coin has a new buyer.
Not blaming you for the dumpers, blaming you for not doing whats right. This pow phase is unhealthy and should be ended asap. or here's whats going to happen. 1-Since buy support is disapearing miners who intend to dump will hold 2-By holding price will go up a bit and buy support will build up 3-Miners who were holding and waiting to dump will dump it all at once creating an even bigger crash. Allowing more holders at such a low price is a killer for the ICO investors. I didnt even purchase from the ico but i feel bad for them that this is not even of your concerns right now. |
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last coin I mined which cut POW in the middle, died the same day of cutting (suddenly buy support vanished) not to speak of the issues you will have on forking just let it be. let us mine.. already half way in mining. don't end POW before POS is stable and strong enough.... never the best the 'angry traders' can do. is stake - and support the network, and stop crying Sure which coin are you talking about here? This just sounds like a greedy miner or just the dev him self answering his own request with a dummy account. There is absoluetely no buy support at all already, buy support vanishing? Do you think miners would risk puting up buy support with this much mined coins everyday? lol what are you even saying man but nice try. anyone who doesnt agree with cutting pow phase is either a dumper since a holder would just accept the fact that his coins will have as much value by cuting pow then leaving it end. Launching a coin is about creating demands, once the dump is over the dev put up a small buy wall and start building demands for his services as simple as that quit on being greedy here, the ICO investors are the one who should have the right to vote on this matter. dummy account? you dummy ! changing coin specs is a mistake. not giving opportunity to miner+more investors greedy miner ? i mine this coin from the beginning.. and have only 190 coins by end of POW i will have only less than 400. and wish they will be worth something i'm not the greedy who buys shitload of coins up and expect to be rich the same week... Haha nice try. Whats the difference of having 190 coins with 1M total supply and 380 coins with 2M total supply? No difference at all but this will help the ico investors. Cut your Bs in my opinion if the dev has enough respect for the ico investors he will allow them to chose. |
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last coin I mined which cut POW in the middle, died the same day of cutting (suddenly buy support vanished)
not to speak of the issues you will have on forking
just let it be. let us mine.. already half way in mining. don't end POW before POS is stable and strong enough.... never
the best the 'angry traders' can do. is stake
I have seen that happening. Just wait. I'll make a poll, if they're not aware of the risk and they vote for that, I'll be glad to change the code and cut the PoW. Whatever happens, do not blame me. People who panic 5 days after PoW started wanted this, not me. You got funds from the ICO, use it as buy support around 1.5 -2.5k sat and keep working on the projects as simple as that. This is the best solution right now and you know it because if you allow buy support to re-build up, these dumpers are just going to hold until there is enough to dump on once again. |
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last coin I mined which cut POW in the middle, died the same day of cutting (suddenly buy support vanished) not to speak of the issues you will have on forking just let it be. let us mine.. already half way in mining. don't end POW before POS is stable and strong enough.... never the best the 'angry traders' can do. is stake - and support the network, and stop crying Sure which coin are you talking about here? This just sounds like a greedy miner or just the dev him self answering his own request with a dummy account. There is absoluetely no buy support at all already, buy support vanishing? Do you think miners would risk puting up buy support with this much mined coins everyday? lol what are you even saying man but nice try. anyone who doesnt agree with cutting pow phase is either a dumper since a holder would just accept the fact that his coins will have as much value by cuting pow then leaving it end. Launching a coin is about creating demands, once the dump is over the dev put up a small buy wall and start building demands for his services as simple as that quit on being greedy here, the ICO investors are the one who should have the right to vote on this matter. |
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I don't know if this is possible, but you can stop the POW phase start working back to get your coin up.
This pow phase is destroying your coin just like i told you since day 1 but this is not too late i am sure there is something to do to stop the pow phase.
coding? or simply a new coin to swap actual coins?
Just in case you did not see this, hoping for an answer or even a poll to allow people to vote the idea. I like your suggestion. I will make a voting poll in a few hours from now. It could benefit everyone if we cut PoW phase much earlier than expected. I don't know that much about running a new cryptocurrency. But I can only see a plus side to cutting the PoW phase. Those who mined, would have more value to their coins, and be able to get more money for them, and those who invested would be able to see the price either become stable and/or rise due to the decreased supply. It's an interesting idea. Okay, here's a scenario. Let's say PoW ends tomorrow. Price doesn't change. People will still blame me because of dumpers. Just watching C-CEX chat and laughing with those trolls who talk nonsense. I wont be able to satisfy everyone, that's proven. Step 1 = cut pow phase Step 2= put up a small 2-4 btc buy wall at around 1500-2K sat. Remaining dumpers will have no more value to dump in. Step 3= Build up Results in having 2X lesser coins this is already going to have a direct effect on the price. you shouldnt even wait until tomorrow/ you should proceed asap with this it will be good for everyone both miners who holded and ICO investors who put their trust into thi. |
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I don't know if this is possible, but you can stop the POW phase start working back to get your coin up.
This pow phase is destroying your coin just like i told you since day 1 but this is not too late i am sure there is something to do to stop the pow phase.
coding? or simply a new coin to swap actual coins?
Just in case you did not see this, hoping for an answer or even a poll to allow people to vote the idea. I think the idea of getting 1-2 btc from the ico to make an exit wall would be a way better idea. lol do you think 1-2 btc is going to do anything? gets dumped in 1 day with the POW supply. The best way to go here is cut off the POW = 2X less supply and the dumping will stop. From here the dev can put up a buy wall and prevent further dumping or catch the remaining dumpers before going forward with the main plans. |
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I don't know if this is possible, but you can stop the POW phase start working back to get your coin up.
This pow phase is destroying your coin just like i told you since day 1 but this is not too late i am sure there is something to do to stop the pow phase.
coding? or simply a new coin to swap actual coins?
Just in case you did not see this, hoping for an answer or even a poll to allow people to vote the idea. |
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I don't know if this is possible, but you can stop the POW phase start working back to get your coin up.
This pow phase is destroying your coin just like i told you since day 1 but this is not too late i am sure there is something to do to stop the pow phase.
coding? or simply a new coin to swap actual coins?
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What happen to the project if not enough btc is sold?
Absolutely nothing will change. RESUMEO.ME will be launched in any case, under any circumstances. This project is our favorite one, with great potential, lots of in-development features and serious stretched goals. Project launch is guaranteed by the contracts with our partners - and by our own commitment to community and trust you put in us. Thank you for your answer, I really like the concept of the project. If it takes shape this can be very good for the btc community |
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What happen to the project if not enough btc is sold?
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Nice 5 star pod just seen it, but you guys lack promotion. A great concept which i am looking forward to.
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