Bootstrap updated to block 1217998

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As time goes on this wallet becomes more and more difficult to run. It is extremely resource intensive. The dev needs to fix the issue if he wants any hope of longevity of LOC.

You should be familiar with the altcoin scene and should know that all pumps do fall back to at least where it started from or might stagnate slightly above. I wont buy because at any time there might be another surprise unannounced premine dump to smithereens since there is still premine left. Only after all the premine has been dumped I will consider investing at higher levels. The current price is lucrative for a remainder premine dump and I don't want to be exposed.

I do put a caveat in that a whale can prolong the pump. The person/(s) that bought the premine dumped at low levels made the lion share of profit of the odd 50BTC of the pump volume. If he/(they) decide to reinvest some of that it could go up again. It just depends on how high they want to take it.

There is no fundamental reason for the price to have gone up. The initial pump cost around 7BTC before the posts of a pump was made in the thread. If the person/(s) that bought at 1000-100 sats during the premine dump invested the 7BTC before the announcement was made, they could have easily made 2-5x dumping those at the higher price as the latecomers got in and the people that bought at the higher price would sit with the bags. Not a bad investment for a days work. Poor guys that bought though once it falls back to 100 sats.

I might be wrong of course, but this is what it looks like on face value.

You have pretty much nailed it. You can perhaps just add that mastertrader says he sold the coins to get money for development. This means that he would have wanted to get maximum money for what he can sell the premine for according to logical thinking of the reasonable man test. He furthermore says he did everyone a favor by selling coins cheap when he dumped. THese are his two reasons.

Firstly, after months of nothing he suddenly dumped the premine without any announcement. This means that no-one could position themselves accordingly, whether it was to get out while they can if they dont like premine being dumped or whether they wanted to place buy orders to buy the premine. By dumping the premine unannounced he filled orders at very low prices meaning he did not get maximum money for the coins he sold and therefore got much less money for development than had he announced it beforehand. So I dont think he achieved his first reason.

Secondly, the only people that benefited from the selling at low prices are those that would have known the dump is coming that could place their buy orders. Since he did not tell anyone about the dump, the number of people that would have placed buy orders to sell into was reduced substantially since only he knew about it. So I think he also did not achieve his second objective.

There is nothing wrong with selling premine for development purposes - that is why it is there for after all. The thing is that if a premine is to be dumped, do it transparently by informing the community so that those that want to get out while the can can do so and those that want to benefit at lower prices can and so so that the proceeds for development can be maximized. I dont think that this is an unreasonable request.

The dumping of the premine whether he likes it or not killed the coin or reduced the chances of survival to about 1%.

Looks like things are starting to move.

I like to staking dynamics. It is like an F1 race, when to pit-stop, when to join the race, when to accelerate when to hold back etc.

How do you know that your contract is secure? Or if it is not will you qualify for an ETH hard fork as well?

Ill say it again. It is sometimes better for a dev not to say anything, especially if there is a lengthy development period. A bit of silence gives the dev time to focus and work and eliminates the need to constantly reply on fud and waste time. The more a dev says the more fud will be posted as people analyze every word and punctuation mark.

Great decision to do a staggered bounty distribution.

Great youtube update. Keep up the good work. As I always say, patience is a virtue.

It would be good to see 808 on C-CEX. The staking dynamics is what makes this coin interesting.

Lets see what he will be announcing.

Looking good so far.

I hope the announcement is:

1. What is a Polo listing?
2. What is a full node launch?

Just dont **** it up.

Cautiously optimistic about this one.

Did the big companies not start in the garage? Why did you pick the kitchen...

Are there any issues with 2FA or is it safe to enable?

The cert is fine and valid for a year. No issues there.

Is it normal for the deposit address to be in large letters and then the last digit or two is hidden behind the "BTC invested" block?

It might be all that is left after all those initial dumps.