Haha, if true, do you understand who is backing this coin? LOLz at you. These guys have enough money to take this coin to the top 10 without a flinch. Johnny f'ckin Chan! It remains to be seen if these guys really are backing this coin. I would like to see some evidence. I may troll the 2+2 forums looking for answers. I will let the thread know the results of the investigation. |
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Haha, if true, do you understand who is backing this coin? LOLz at you. These guys have enough money to take this coin to the top 10 without a flinch. |
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3rd
Boom! I've been waiting for something like this for years. Did you post on 2+2?
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Sometimes I wonder if people know how to read.  |
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The dev has disappered again..LOL...IMO.we need a takeover
Get your head checked. Ty for the free coins. You know who you are. He's gone? Dead and gone, you and the hatred Ignorance, is searing in failure What is what, will always be questioned, You're the one who lives in deception. This poem sucks, so we don't give any fucks. |
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Just visiting. CGB was the first alt-coin I ever bought back in January. Glad to see the community still going strong.
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Damn really a lot of sell presure and not that much buy support, this will drop to below 0.5 BTC per stake in a few days  You missed it. We were already there yesterday. Try to stay with the program, ok? |
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Flunkie,
Whats our position as of now?
Can we expect Enigma anytime soon?
Thanks
Good question. |
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so little buy support, price can easily drop below 100sat.  Are devs going to set some buy wall? It was well below 100 sats yesterday, so no biggie. Man, you guys are unbelievable. It hasn't even been trading for an entire day yet and you guys aren't millionaires yet? Oh no.  |
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tom14cat14,
I know I gave you a hard time in the beginning, but it looks like you are doing a good job. I mean, you can't blame me for being skeptical with all the scams out there.
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Ok, do you have a whitepaper or any kind of explanation on how you plan to peg the coin to the volatility index without a liquid derivatives market in all of the top 20 coins? The tracking error is going to be off the charts.
We are not going to need liquidity on top 20 coins, it will take the trading data gathered from them and a bot will perform automatic trades in our coin, the liquidity for that is ipo, and if it does not get sold in the majority of it, the future users will be able to use it as well. Ok, do you have a paper on this? How long do you expect the fund to be liquid enough to maintain a low tracking error? How well will you be able to track at extreme volatility levels, which in crypto, may be often. Won't transactions costs slowly dry up your fund? You may get it to track temporarily, but long-term is another story. I'm just asking questions. The time we expect for this is around 2 months, at extreme volatility levels supposing for example that bitcoin goes to 2,000 usd we expect a high speculation on our coin raising the VLT price and this cannot be stopped easily but in the other side it will send the coin to higher levels than expected, we expect to get more funds from our own coin, once listed it will keep raising in price while we deliver features, so we are going to buy our coin like everybody else. Btw we are now just waiting for Coinsource response to finish the POD. Personally, I don't care about PoD. I care much more about your explanations. Don't you expect the price of VLT to go up as volatility goes up? Usually, but not always, rising prices will lower the volatility index bringing the price of VLT down. Ie. When the stock market tanks, the vix usually spikes. You talked about VLT being a safe haven, so it would work the opposite of what you just said. A safe heaven in specific situations as you said and as stated in op, its expecting to act the opposite of most of the market, it cant be a safe heaven all the time, its volatility not a coin pegged to a safe asset which currently not even the gold can be called like that. I was just trying to state that your example was the opposite of how you intend it to work. Correct, VLT won't and can't be a safe haven. How are you going to calculate implied volatility without options? I'm assuming you are calculating historical volatility? All that aside, it's not going to track just because you want it to. You have to force it to track through underlying assets or arb. Do you have an understanding of why and how an ETF tracks an index or how the VIX ETF tracks the VIX? I guess it doesn't matter. I'm a bit skeptical on this. If VLT is used for volatility tracking then why should anyone buy the ICO? Do you see value in anyone buying in ICO in a tracking coin? There are just a number of reasons why this can't work, but I wish you the best. I will check in after launch. |
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Ok, do you have a whitepaper or any kind of explanation on how you plan to peg the coin to the volatility index without a liquid derivatives market in all of the top 20 coins? The tracking error is going to be off the charts.
We are not going to need liquidity on top 20 coins, it will take the trading data gathered from them and a bot will perform automatic trades in our coin, the liquidity for that is ipo, and if it does not get sold in the majority of it, the future users will be able to use it as well. Ok, do you have a paper on this? How long do you expect the fund to be liquid enough to maintain a low tracking error? How well will you be able to track at extreme volatility levels, which in crypto, may be often. Won't transactions costs slowly dry up your fund? You may get it to track temporarily, but long-term is another story. I'm just asking questions. The time we expect for this is around 2 months, at extreme volatility levels supposing for example that bitcoin goes to 2,000 usd we expect a high speculation on our coin raising the VLT price and this cannot be stopped easily but in the other side it will send the coin to higher levels than expected, we expect to get more funds from our own coin, once listed it will keep raising in price while we deliver features, so we are going to buy our coin like everybody else. Btw we are now just waiting for Coinsource response to finish the POD. Personally, I don't care about PoD. I care much more about your explanations. Don't you expect the price of VLT to go up as volatility goes up? Usually, but not always, rising prices will lower the volatility index bringing the price of VLT down. Ie. When the stock market tanks, the vix usually spikes. You talked about VLT being a safe haven, so it would work the opposite of what you just said. Sorry, did you say you were going to calculate implied volatility or historical volatility? |
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Ok, do you have a whitepaper or any kind of explanation on how you plan to peg the coin to the volatility index without a liquid derivatives market in all of the top 20 coins? The tracking error is going to be off the charts.
We are not going to need liquidity on top 20 coins, it will take the trading data gathered from them and a bot will perform automatic trades in our coin, the liquidity for that is ipo, and if it does not get sold in the majority of it, the future users will be able to use it as well. Ok, do you have a paper on this? How long do you expect the fund to be liquid enough to maintain a low tracking error? How well will you be able to track at extreme volatility levels, which in crypto, may be often. Won't transactions costs slowly dry up your fund? You may get it to track temporarily, but long-term is another story. How will the hundreds of speculators impact the tracking error? I'm just asking questions. |
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Ok, do you have a whitepaper or any kind of explanation on how you plan to peg the coin to the volatility index without a liquid crypto derivatives market? The tracking error is going to be off the charts.
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Argg, this needs to be on Bittrex. Coins-E is just...
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We are organizing ourselves so that we may work better as a team.
Irc and skype allow us to streamline our ideas and enjoy a more direct form of communication.
I am sorry to hear you are unhappy CM.
We are doing what we can to make Pesa a truly unique coin, yet all good things take time.
I hope you understand.
Sure Climax. Staking at 6.28%. Gotta love Dynamic Interest.
Any possibility to bring a android & IOS staking wallet? I wish I knew. Flunkie? |
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Staking at 6.28%. Gotta love Dynamic Interest.
Yeah dynamic interest is very cool and staking nicely huge aspect of this coin. Guys got an update on the SuperNET for altcoins see the thread here https://bitcointalk.org/index.php?topic=762346.0In summary the altcoin market has become saturated over the past year and it seems that next stage of CryptoMarket has arrived where a few of the coins move up onto the next level and many coins die. The SuperNet is basically a network of altcoins that are interconnected with each other with coins traded on decentralized exchanges like NXT. Supernet raised BTC 2,000 in 2 hours and is seeking to raise another BTC 8,000 mostly to buy stake in member altcoins. For an altcoin to join the SuperNET its must meet the following main conditions. - SuperNET should accumulate 10% of Altcoin coins: Pesa is quite cheap SuperNet needs to spend only BTC 13 to do this.
- Altcoin must have Anon tech: We have Enigma upcoming so this should be covered.
- Altcoin must have active dev and community: We have made good progress here.
With PESA primed to be the dominant coin in the emerging markets(1 Billion People) we should be one of the 10 altcoins on the superNET. superNET is a marketers dream as being a member will give Pesa the exposure it deservers. The developer behind SuperNET is the creator of BitcoinDark and a top developer for NXT. That would be awesome. We really need to get Enigma. |
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Staking at 6.28%. Gotta love Dynamic Interest.
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Please take my name off the OP. I took the signature off the same day I put it on and I never collected the free coins. You guys can keep them.
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The discussions over the thread have drastically lowered since the irc chats.
I don't think that's true. Flunkie and Max post just as much now as they did before IRC. Having a Q&A is much more efficient in IRC or Skype. Fine. For anyone that doesn't want to participate in the Skype group I will try to post important information here. |
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