Bitcoin Forum
May 04, 2024, 03:46:53 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 [146] 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 »
2901  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 13, 2015, 07:32:32 PM
god this coin is so profitable love u spots

It's too bad I get so much hate for launching new coins. I have lots of good ideas that are far too drastic to fork current coins with

Don't let the hate get to you. 10K was a fresh breeze. Don't be afraid to implement drastic ideas. Drastic ideas create uncertainty and uncertainty creates volatility and volatility creates opportunity and opportunity creates profit. Drastic ideas sometimes have unpredictable outcomes that lead to innovation, creativity and learning and is what drives progression in society.

When the hate gets to you when trying new things - have a look at the life of Giordano Bruno http://en.wikipedia.org/wiki/Giordano_Bruno.
2902  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 13, 2015, 06:35:05 PM
Can we get 10k to the mooooooon?

It would defy all the rules of economics and human nature but I really hope so.
2903  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 13, 2015, 12:12:50 PM
already make my ROI 3 times so the risk is already gone , for now i keep staking till......! , you never know what is going to happen

Exactly, now imagine everyone wants to make ROI 3 times. It is impossible. It is in fact the "everyone wants to make ROI 3 times" that pushed the price down. You made your money with a short term view, whereas others with a long term view kept on staking. For every winner there is a loser. Keep on staking as part of the experiment and play your part to get the network stake as high as possible. Maybe there will be some more rewards down the line, maybe not and if it goes to 100 sats is irrelevant.

You must remember that crypto traders are ruthless and each guy for himself and as soon as some buy orders come in it will be gobbled up. We have all seen it - buy wall/sell wall manipulation you name it.

well the money supply that gets dumped daily grows linear since its always based on the same stake.

the stack that remains untouched grows exponential.

As far as I understand the stake is automatically added to the coins that stake. It might be worthwhile if we make a graph on historical data to see.
2904  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 13, 2015, 11:53:46 AM
already make my ROI 3 times so the risk is already gone , for now i keep staking till......! , you never know what is going to happen

Exactly, now imagine everyone wants to make ROI 3 times. It is impossible. It is in fact the "everyone wants to make ROI 3 times" that pushed the price down. You made your money with a short term view, whereas others with a long term view kept on staking. For every winner there is a loser. Keep on staking as part of the experiment and play your part to get the network stake as high as possible. Maybe there will be some more rewards down the line, maybe not and if it goes to 100 sats is irrelevant.

You must remember that crypto traders are ruthless and each guy for himself and as soon as some buy orders come in it will be gobbled up. We have all seen it - buy wall/sell wall manipulation you name it.
2905  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 13, 2015, 11:21:03 AM
As has been said, 10K was meant to be an experiment. The dev was able to get valuable data from this to test the staking hardware under extreme conditions and this also adds to the body of knowledge for crypto research in general. In order to create an extreme test condition, the % for staking has to be extremely high to motivate everyone to stake. This worked exceptionally well with a network stake weight in excess of 3m. The guys that got in first well done and they made a lot of money. With such a high % staking, unfortunately, you need a lot of buy support to keep it going. Add to this that most crypto traders want short term profit, the sell pressure is very high and will remain very high.

The incentive to keep on staking is to accumulate more coins, but it seems as if that is the only incentive. That is good and well up to a point because there will be buyers that all want to make a quick buck once their coins staked enough to ROI and at some point the market will run out of steam and out of new buyers and the sells will outpace the buys. This is what we are seeing now with the tilt from more buys than sells to more sells than buys.

The coin has served its purpose and provided the data required. Some people made a lot of money in the process as reward in taking part of the experiment. The dev was very clear that it is an experiment and that he did not plan to release it to the public. IMO the dev does not have to give any long term plans or anything and does not have to explain himself to anyone - the term "experiment" in the title says it all. Any person with a remote understanding of economics and how money supply works will know that there is only one eventual outcome price wise of a coin with such a high stake %, but I dont think that price/profit was the purpose of the coin. Who knows maybe some miracle will happen and an Asian market suddenly buys huge chunks of coins, but that is the risk vs likelihood that you have to weigh up.

Out of this it is clear that although a high stake provides high returns like an adrenaline pump before sprinting 100m, it is not economically sustainable. It does however provide excellent security on the network. Too low a stake compromises security because no-one wants to stake, but makes the coin last longer. What is also clear is the usability plays a big part. A coin with no usability or not backed by real value has very little incentive to hold it. For its purpose though, the coin performed exceptionally well technically and will keep on doing well technically, generating more coins as long as the all the systems are up. I will be very interested to see how high the network weight can go eventually.

Most alt-coin crypto traders are motivated by profit and greed and therefore very few coins will ever make it anywhere.
2906  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 13, 2015, 08:33:22 AM
If it goes down every day by 50 - 100% won't even starkers be at a loss? At the current rate of dumping that is?

Everything you need to know is in this thread

This is a very good coin and pees should hold more..

What are the plans to increase demand? It is one thing to stake lots of coins but another to be able to do something with them like 1)sell, 2)buy something etc. Are there any plans for the future or is it just the ability to stake a lot and see your balance grow and hoping that that is enough for people to want to buy?

Well both volume and buy support is dropping fast so we do need some sort of help so it stabilizes..The coin idea is really good but unfortunately in crypto peeps don't have the patience to earn for the longer term, especially on Trex, peeps go in for a few days then out to another coin, which is a shame because if traders were more clever they could be earning heaps from a coin like 10k if they were more sensible.. 10k has already dropped in price by 70% in less than 24 hours so we need some help here.

Unfortunately 99% of crypto people are just in it to make money on the short term and there will always be sell pressure. In 99% of coins cases this is what kills a coin. Lots of traders with profit motives and very little incentive to buy.  it is a golden thread throughout altcoin crypto. In order for crypto currencies to be widely adopted it needs to have a more stable price.
2907  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 13, 2015, 07:52:57 AM
If it goes down every day by 50 - 100% won't even starkers be at a loss? At the current rate of dumping that is?

Everything you need to know is in this thread

This is a very good coin and pees should hold more..

What are the plans to increase demand? It is one thing to stake lots of coins but another to be able to do something with them like 1)sell, 2)buy something etc. Are there any plans for the future or is it just the ability to stake a lot and see your balance grow and hoping that that is enough for people to want to buy?
2908  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 12, 2015, 09:29:15 PM
It is all about the buyer base. A hot fire needs lots of air from the bottom and lots of fresh wood to keep it burning.
2909  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 12, 2015, 03:43:56 PM
Would you prefer $1 in cash in the one hand or on the other hand an asset of $1,000,000 and $999,999 debt? If your view of 10K is a short term one you will the take the $1 in cash which is what the sellers are doing to take their profit now. If your view of 10K is a long term one, you bank on the potential of the $1,000,000 becoming $10,000,000 in the event that the value goes up, which is what the buyers and hoarders are doing.

True... Also, I didn't have a short term view on that, but needed to sell them as I wanted some BTC urgent in order to buy in some more at lower rates, as have been watching that everyday, ~10-20% of the price goes down, which ain't just profiting, but also letting me accumulate more and more coins in order for me to be able to include myself in the big buyers... Wink

If your calculations showed you that the price has gone down 10-20% per day, then you have shorted yourself. If you staked the coins you would have received 27% in coins on avg per the design.
2910  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 12, 2015, 03:09:39 PM
This coin has a strange effect on me. I want to buy more and more Cheesy
I am in the same boat you are.  Need more 10K

Same here Smiley Im buying all day long Smiley Im very glad the price goes down now.

Would you prefer $1 in cash in the one hand or on the other hand an asset of $1,000,000 and $999,999 debt? If your view of 10K is a short term one you will the take the $1 in cash which is what the sellers are doing to take their profit now. If your view of 10K is a long term one, you bank on the potential of the $1,000,000 becoming $10,000,000 in the event that the value goes up, which is what the buyers and hoarders are doing.
2911  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 12, 2015, 09:14:11 AM
OMG, where is a 100 BTC total buy volume to be sold off at? Trex or C-Cex?

Nevermind.

Seems I asked something wrong... Sorry for that, I took it seriously, so...

Lol, no you did nothing wrong. I made a joke. Smiley
2912  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 12, 2015, 08:40:48 AM
OMG, where is a 100 BTC total buy volume to be sold off at? Trex or C-Cex?

Nevermind.
2913  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 12, 2015, 08:35:56 AM
Im sorry but Im not sure if there are 100btc worth 10K coin to sell Smiley

Just put a sell order of 100 10K @ 1 BTC.

Did you meant 100 10Ks @ 1 BTC sell, and then buy 100 BTC worth of 10k again? Do you think it will go that far suddenly? If it goes, then the one possessing 27k coins will become a millionaire I think...

No I was making a joke. tw0rak said there are not enough sell orders to fill 100 BTC. So I said that can be easily fixed by placing a sell order for 100 10K @ 1 BTC, or 1000 10K @ 0.1 BTC for that matter. However I doubt that the poster would take that. Smiley

Regarding your comment on a person with 27K being a millionaire: The holding of 350K Dark at the top of the rich list is worth the same as a holding of 3k Dark. If/(when) you understand that you understand altcoin crypto.
2914  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 12, 2015, 08:16:23 AM
Im sorry but Im not sure if there are 100btc worth 10K coin to sell Smiley

Just put a sell order of 100 10K @ 1 BTC.
2915  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 11, 2015, 11:45:20 AM
only 2.8 btc sell wal on bittrex and only 6400 sell 10k coins
funny

There is no sell wall. Only normal smaller trades in the top 50.
2916  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 11, 2015, 11:00:16 AM
or however many days worth of that 10,000% it takes till you find a block Wink  I can't see 25 coins making it to the 16 day limit.

and what happens if a batch of coins reach's past 16 days? does it start over? or does it keep the 16 days worth of weight until it finds a block?

You are right, if it takes longer to get a stake than 16 days, then the coins will have to be moved and the counter will reset. I am not sure if it will carry over.
2917  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 11, 2015, 10:34:19 AM
yes  my  wallet  always open and stake goon with  10  at 27 10k few days  but yeasterday  stake  not get    (

if you hold your mouse cursor over the little green dot at the bottom of your wallet it wil tell you how much "weight" your coins have so far. with only a small amount and such a high network weight it might take awhile to build up enough weight on your coins to find a block but you will eventually and it will be BIG when it happens... so keep on staking   Shocked

With BIG he means on average 10000% of what you staked if taken over a year.
2918  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 11, 2015, 10:18:59 AM

Seems it depends upon the stake weight your total amount of coins give to the whole network, as I was staking faster when I was having 1k coins, and now I have 200 coins and staking slower, but yes, whether you stake fast or slow, your 27-30% per day is guaranteed as you will surely get them in a go in just one single transaction if you haven't received any rewards in past 24 hours. Also, am eager to ask you 1 silly question, did you leave your wallet open though for it to stake? Tongue

Do you like to be paid with 1 x $100 bill or in 5 x $20's?
2919  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 11, 2015, 04:37:31 AM
10k koin will be 10k satosi Huh  Roll Eyes

It does not really matter where the price is as long as it stabilizes and there is buy support.

Also, here is another pearl:
There comes a time when it is as difficult to spend $1bn than to spend $100bn. What I mean with this is that many times having tons of money or coins does not matter. What matters is having the optimal amount of money or coins. It matters though if there are outlying ridiculous exceptions in holdings. If one or two responsible persons of philanthropic nature holds a disproportionate number of coins above the upper limit of usability and that just keep on staking, the inflation effect based on coin supply should be reduced because a lot of the stake will be gobbled up by the large accounts. Those coins will probably not enter the market any time soon. Such a holder or group of holders will have the potential benefit in future to have the opportunity to spread those out at profit if the base or usability of the coin ever expands significantly e.g. (global acceptance). To prove my point, it is rumored that Satoshi Nakamoto himself owns about 1,000,000 BTC. He is fulfilling this type of role although BTC does not stake and does not have such a big inflation problem.

It does however still need buy support else the inflation problem is just moved to the lower band again.
2920  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Experiment 10k | Stress Test Blockchain | Cloud Staking | GorillaStake.com on: February 10, 2015, 07:16:12 PM
Also, why send private keys through the mail (which CAN be intercepted and resent very easily) rather than through something secure like an HTTPS connection?

I am just thinking aloud here - Perhaps it is felt that the private key will exist un-encrypted on the recipients PC or can be stolen via man in the browser malware? In essence, the issue is how to securely exchange a key. Traditionally, key exchanges happen with key encrypting keys which most of the time are PKI public/private key pairs. The crypto private key could be sent by encrypting it with the receiver's public PGP key. It could become technical to setup for the average guy on the street, but I would assume if someone knows how to stake then they would know how to setup PGP. It is difficult to prove that it is the recipient that has the private key unless you have proven identity via face to face. However the same can be said about the physical address entered. This can be overcome by displaying a code at the time of purchase or downloading a text file at purchase time. The recipient then has to encrypt and sign the code/file and upload it back during the session. The seller verifies the code/file by checking the signature of the recipient using the recipient's public key. if it checks out the seller can download/email the crypto private key encrypted with the recipient's public key. The process has flaws but at least solves the issue of the risk of intercepting an emailed key or displaying the key online to be stolen via man in the browser.

Using a physical address on the other hand assists with "know your customer" for anti-money laundering rules.

PS: Seems like this scenario is playing out. Time will tell.
https://bitcointalk.org/index.php?topic=942977.msg10404932#msg10404932
Pages: « 1 ... 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 [146] 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!