Why is there this new topic?   If it is to allow deleting of posts that the group running the coin feel may be negative, isn't that just rigging a thread to suppress honest discussion about a coins direction?

If the idea is to get more people supporting lot and believing in its longevity, then wouldn't having a "rigged" thread, be counter productive to that?  It may cause people to suspect it is being done in order to "hide" true discussion.  In that case people may just choose to give it a miss.

In terms of FUD, surely having a thread which seems to censor some views, would in itself cause fear, uncertainty or doubt among potential investors?

Honestly curious over this decision and what benefits the lot team believe it will bring.

Still advertising this as a lotto?  Really..?

blocks halved - wheres the 50 satoshi buy orders dammit. ?

Difficulty will go to 190+ shortly and multipools will leave, and making it to the halving will take longer.  They will most likely dump too, so its going to be interesting to see what happens.

Pointless comparing btc on the sell side as that has no correlation to the btc on the buy side.   I could buy 1m now for 0.25 btc and immediately put it on the sell side for 50 sat, or 0.5 btc.  I've just added 0.25 btc to the sell order that doesn't even exist.  I only invested 0.25, but my sell order is counted as 0.5 because of the sell level I put it on at.

Better to compatree the btc on the buy order against the total LEAF on the sell side multiplied by the current sell rate.

Less than 14 hours till block halving.  Place your bets.....

So.  Block halving soon.  Looking forward to the impact of this.  Will it be positive?  Will it be negative?  Will it make zero difference? Its going to be fun to see.  And we will all know the answer in less than a day...

Then why dont you do it, if its that simple.....?   In fact get the people together and I'll throw $12,000 at it for a 700% return in a few weeks.

I'm just intreagued about the 100% per day trading ability.  Why would anyone bother doing that for more than 20 days?

2^20 = 1,048,576

Effectively you could take 1BTC and in 20 days you would be just short of a billionaire. Hell, do it for 31 days and be the worlds first Trillionaire.

I don't think it wouldn't hinder the supply though, as the coins would still go into the market, just not via a route that trades in a way to destroy it.    The multipools simply jump on a coin that is most profitable, waits until difficulty rises and auto dumps throughout the process.   They are manipulating the market by using the time lag on difficulty changes to artificially skew the market.

Gravity well is now almost a compulsory part of a coin imho to at least try and protect against the multipools taking advanatge of difficulty time lag.

Why not?  Regular stocks and shares are part of a free market economy, but there are still rules.   Trying to implement rules in the world of crypto is a bit like firing a bb gun at a train, but some sort of morality wouldn't go a miss.

At least its worth a try to implemenmt some method of controlling an aspect of the market that has nothing but negative impacts.  Would the world of ALT be better without multipools - probably.  So why dont the people with the immediate power to try something (the exchanges) give it a shot.  Whats the worst that could happen?  The idea fails?  Well, at least we tried...

Lets not pretend that because cryptocurrency has no "laws", that we can also set aside morality too.  As you, and many others would agree, these multipools are having nothing but a negative effect on any pottential coins growth.  Whether they kill it alltogether (which has happened to others) or just stunt it, its a negative effect.

A bank can refuse to accept a customers business, a bar can refuse to serve, everyone has the right to refuse service, even exchanges.

Individual miners or mining pools have zero power what so ever to stop this.  Developers could choose to implement gravity wells/quick difficulty retargetting, but ultimately the process of a huge pool vastly skewing the figures and then dumping in the market is counterproductive to the entire microeconomy of an individual coin.  The fact they play whack a mole with the whole range makes it even harder for any coin to become successful in its own right.  Thats why they all blend into one great big cloud of coins affectionatley termed "shitcoins" by many.

The only block between these multipools and them cashing out their gains, leaving a trail of high difficulty and low values, is the exchanges.   If an exchange took a stand and declared it would take any and all necessary actions to prevent multipools from trading there, many miners would go to it as an exchange of choice becasue they would feel somehow protected against the dumps.

As you say it is in the power of the community rid themselves of these multipools, but there is only so much that a single miner can do.

If you do what you have always done, you will get what you have always got.   If you dont do it, you will never know what would have happened if you did do it.   Its fairly simple to post a warning that any deposist from multipools will be held, and returned if confirmed that they came from a multipool.  A simple warning may be enough to disuade them, but unless somebody tries, we will never know.

Leaf has 24 hr volume of just over 210BTC.  others total 102.  So its 2/3 of total volume.  So yes, I was wrong with 500%, its only a 200% increase.

The only reason that it wont happen is beacuase the exchanges dont actually care about the communities they serve.  They are interested in the fees, and thats all.  They dont care if it comes from a pool dumping, or individual miners.  Im not deluded enough to live in some socialist ideal world where you may think that serving the little guys would serve your interests.  Even posing the threat that this action may be taken could be enough to put off some pools, and thats very easy to implement.  The fact you are not open to this idea demonstrates quite well that the fees are the only thing that matters, and not where they come from.

Dont you think it a little short sighted to not even try to implement some method of discouraging the multipools.   There has been 211BTC volume in 24 hours.  If the multipools kill this, then how much volume will there be then?

Up to you, I really couldn't care to be honest, Im just pointing out basic ideas and steps that could be taken to not only improve the value of this ALT, but all others, and provide increased revenue for the exchange at the same time.

Why am I?

Im stating what would happen if there were theft in cryptocurrency.  I can explain the penalties for shoplifting and burglary, but that doesnt make me a shoplifter or burglar does it?!

I have conducted many trades on here via pm with many people and I haven't cheated or scammed anyone, ever.  I really have no reason to do so.


Why is it a stupid idea?  If there is a clear warning in a bar that you cant shout, and you get thrown out for shouting - where is the issue?  If an exchange posts a big notice that any multipoll deposits would be confiscated, and they are confiscated - where is the problem?

12 BTC buy wall just got munched thanks to the multipools.   I have never said this about a coin before, and Im sad to say it now, but unless drastic action is taken against these pools by way of gravity well and exchanges this is dead imho.  They are mining enough coins in just a couple of hours to destroy the buy orders down to well under 20 now.

Its like I'm a friggin psychic.  

No action by the exchanges and no gravity well - what did anyone think was going to happen?

Now the exchanges get 0.15% of a lower value coin....  Great maths... Just Great.

Why?  Who will they complain to?  Its a warning and its cryptocurrency.  Who did Hashcows complain to when they were hacked?  Who would YOU complain to if coins were stolen on your site?

Answer - nobody.  No law enforcement agency would give a flying toss.  Thats the whole point of cryptocurrency.

As I said, happy to take the fees from the dumpers and couldn't give two knobs of goat shit about the community that has increased the trade on your exchange by about 500% in a week.  That is extremely blinkered economics.

As I also said, if you post the warning right there on the front page, what possible legale recourse would they have if the threat was acted out?  None what so ever.

Again, feel free to send me the entire source code of the exchange, Ill host one and Ill happily post that warning against multipools, lets see where people would rather trade if you dont think its a solution..

If cryptsy implimented a ban on multipool deposits, and also added LEAF, how many people do you think would continue to trade on coinmarket?

Hash rate up 150%
difficulty up near 200%
price - down.

Thats what multipools do, and thats why action needs to be taken, by exchanges and by gravity well.

Doge has like ten times the Hash rate, so some multipools (including Hashcows) dont even touch it, as they cant rape the difficulty like they can here.

Agreed - this coin needs it NOW.

Its not unreasonable to expect exchange operators to try though is it?  It wont be difficult to spot somebody or single IP or multiple addresses with the same domain etc etc dumping ten times the number of coins that any single miner on an individual pool can dump in an hour..  

Just because it isn't a solution, doesn't mean it wont help.  Stick the warning on the site that action may be taken to confiscate pool coins and see what happens.

Would you be happy mining on Hashcows if they were dumping coins on a an exchange that had such a warning?  Would you take the risk as a multipool owner?

Sounds like exchanges are just happy to take the fees from whoever dumps the coins and they couldn't give a toss about the value of the coin or the community trading it.  There have been a lot of people move over to coinmarket because of leaf, it would seem sensible to try and protect those customers before multipools kill the coin and they all decide to leave.

What will happen is this...  If the price stays solid and the multipools dont dump, then it will be mined until diff change. We will then have high diff and once the pools dump, low value.

Or, the pools will dump before the change of diff, the value will drop - they will leave and go somewhere else. then next diff estimate will drop, when it does, price may rise back again, the multipools will arrive again just after the diff change and screw it again.   Its the same pattern with every single coin that these tossers multipool on.