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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RELAUNCH] Yincoin/Yangcoin ☯☯ Destroying Coins|Distributing Coins|Big NEWS on: May 25, 2014, 06:24:05 PM
Ahhhh missed the pre-launch living in the UK. glad to see it went well though, some great volume in the hours it's been trading again and it seems to have established a nice floor for itself. good to see the markets back open again. The only way is up from here on in. well done team.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ on: May 23, 2014, 08:20:48 AM
Relaunch coming in the next 24 hours now for sure. Please tweet about it, and market Yin/Yang to spark interest. Talk about the free distribution going on.

Great work, a little sooner then i thought it might be, hope you get everything sorted just fine.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ on: May 21, 2014, 07:12:23 PM
Quote
1-The coin price was below 100 satoshi, how do you expect it to go lower?
I was referring to the price a few days ago

Quote
2-The distribution will be done in multiple waves, in order to participate in wave 2 you will either need to have kept your coins from wave 1 or be a new applicants. This is how holders will be rewarded more then the non holders.

(...)

I hope people can be more active in this thread. It is not because you only hold a coin longer or have paid for it that you deserve to be rewarded for it
contradiction ?

Quote
4-We should stop talking about the price and the investments, right now the concept of yin and yang being 2 coins is pretty unique with a total coins cap of 15M it can easily go above 4-5k sat in the markets.
contradiction˛ ?

Quote
when you work and help the coin grow thats when you should be rewarded imo
Aiding the trade volume by selling and buying, even when the price was >300s with the knowledge it was doomed to heavily drop, is helping imo. Especially because I didn't dump but kept them instead.


But nevermind, I wanted to bring up a point of my view and was hoping for some understanding. Don't want to devaluate or start criticism in a vulnerable stage of this flowering community, so i'll rest my case. I hope the best for the future and will not stop believing in this coin.

I felt the same way really, many invested at 300-500 sats and have seen it drop rapidly and i fear that by distributing a few million of each coin i think it's fair to say that a good portion of that will more then likely be dumped onto the market affecting the coins already fragile position. I think i would have probably preferred no distribution at all meaning less of that would go on. I honestly feel that just the very action of taking 3 million out of circulation from each coin could have provoke new interest providing the community publicised it.

But looking at the bigger picture, I was voting for yinyang all day yesterday on mintpal and it was nice to see it slowly climb from 61 to 57. the next few steps up are quite some way off though, and if distribution can create some renewed interest and support for the coins and voting them up then i guess that it would be worth it.

Listen i bought some coin in the 1200 sats in the 500 sats and in the 200 sat.

Right now the markets are frozen and the buy and sell orders are resetted which mean once the distribution will start we will be chosing our new floor by setting new sell and new buy orders higher on the market.

It is only 1M of each coins that will be distirbuted to 500 people as a first wave. If this 500 poeple limit is not reached the extra coins will be given to reward the holders.

But my idea was that, the 2nd wave would be there to reward the holders because in the 2nd wave only the people who have holded their coins and brand new applicants will receive the 2nd wave. This is a way to reward the yin yang holders and still be able to bring new members in the community.

It will be too hard for the op to individually track every yin yang holders right now because he doesnt know if these holders bought their coins recently or they been keeping them ages ago knowing most people are keeping their coins on poloniex there is no way to know who is an old holder or not.


This is why it is better to take this distribution as a reference, people who already hold yin yang coin will also be elgigible to receive a distirbution share this is for everyone not only for non holders. Then in the 2nd wave  there will be new requirements to reward people and these requirements will advantage the yin yang active members and long time holders.

Right now i only see 1 problem with this community , everyone is thinking about his amount of coins but what is the point of having more coins when the price is this low??

just be patient here

1s step grow the community
2nd step create a higher market price
3rd step reward the yin yang holders
4th step introduce more and more features

this is how this should be done there is no time for individuality right now.

I whole heartedly agree with what you say there. I have been doing the same as you, buying up at whatever price they have been at, using profit from my daily trading to snap some up, often buying straight off the sell wall just to keep the price up. I'm not particularly bothered with what i hold or what they're worth right now, as i've always seen buying them under 1k sat a bargain compared to what its value really should be, i think i was just more concerned with it dropping quite badly in terms of being delisted if distribution was to be dumped on it and push it out further. I mean it was already struggling to keep above 100 sat with no real sell pressure.

I think it will be fine in the end, when i first joined the thread everything was up in the air, talks of new coin and transferring coins to the new one and various other ideas. at least we have a plan and some direction now, destroy some coins, distribute others, growth of the comunity,  and the rest should take care of itself. Just make sure that on the new ANN  thread our goals and aims are listed and clear for all to see so we can all be singing from the same sheet. As long as we all know what we want to achieve and how we are going to do it the coins should have a good future.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ on: May 21, 2014, 06:15:01 PM
Quote
1-The coin price was below 100 satoshi, how do you expect it to go lower?
I was referring to the price a few days ago

Quote
2-The distribution will be done in multiple waves, in order to participate in wave 2 you will either need to have kept your coins from wave 1 or be a new applicants. This is how holders will be rewarded more then the non holders.

(...)

I hope people can be more active in this thread. It is not because you only hold a coin longer or have paid for it that you deserve to be rewarded for it
contradiction ?

Quote
4-We should stop talking about the price and the investments, right now the concept of yin and yang being 2 coins is pretty unique with a total coins cap of 15M it can easily go above 4-5k sat in the markets.
contradiction˛ ?

Quote
when you work and help the coin grow thats when you should be rewarded imo
Aiding the trade volume by selling and buying, even when the price was >300s with the knowledge it was doomed to heavily drop, is helping imo. Especially because I didn't dump but kept them instead.


But nevermind, I wanted to bring up a point of my view and was hoping for some understanding. Don't want to devaluate or start criticism in a vulnerable stage of this flowering community, so i'll rest my case. I hope the best for the future and will not stop believing in this coin.

I felt the same way really, many invested at 300-500 sats and have seen it drop rapidly and i fear that by distributing a few million of each coin i think it's fair to say that a good portion of that will more then likely be dumped onto the market affecting the coins already fragile position. I think i would have probably preferred no distribution at all meaning less of that would go on. I honestly feel that just the very action of taking 3 million out of circulation from each coin could have provoke new interest providing the community publicised it.

But looking at the bigger picture, I was voting for yinyang all day yesterday on mintpal and it was nice to see it slowly climb from 61 to 57. the next few steps up are quite some way off though, and if distribution can create some renewed interest and support for the coins and voting them up then i guess that it would be worth it.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ on: May 21, 2014, 07:20:58 AM
So what will happen to my Yin & Yang coins at poloniex ? it is frozen i cannot withdraw!

you dont need to withdraw, the dev froze the markets to officially set-up the new distribution model.

Nothing has changed, once he set it up officially the market will unfreeze




Is there a timetable for the relaunch? Are only the unused coins being destroyed? And not mine?

I believe the plan is to destroy 3 million of each yin and yang leaving a total of 15 million each. all coins you own will be safe.

I hope so,I have buy some on polo~

yes, i imagine we all do, your coins will be safe. The markets have been frozen for now though while the dev sorts out destroying a few million coins and distributing some of what are left.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ on: May 21, 2014, 07:00:25 AM
So what will happen to my Yin & Yang coins at poloniex ? it is frozen i cannot withdraw!

you dont need to withdraw, the dev froze the markets to officially set-up the new distribution model.

Nothing has changed, once he set it up officially the market will unfreeze




Is there a timetable for the relaunch? Are only the unused coins being destroyed? And not mine?

I believe the plan is to destroy 3 million of each yin and yang leaving a total of 15 million each. all coins you own will be safe.
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ on: May 21, 2014, 05:57:53 AM
I wonder if a new announcement thread would be better. Hope the dev can answer this.

I will make a new announcement thread tomorrow. Talking about the destruction of coins and the giveaway. Does anyone know how to officially destroy coins? I'm not sure how to destroy them. I might talk to the Limecoin dev because he apprently helped another coin destroy coins.

I believe the devs of XBC placed the coins to be taken out of circulation into a wallet and then forked it out of the blockchain so they couldn't be used. I think that is also what happened in the case of Asia coins hidden premine that got discovered. I'm not entirely sure how difficult that would be to achieve or exactly how transparent it would be to anyone looking for proof of them being taken out of circulation but it seems to have worked for them. and as you stated before, i think limecoin played a part with the XBC team in doing this so it may be worth enquiring.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ on: May 20, 2014, 06:40:19 PM
Lets put a condition for the free distribution.
Every user who applies for free distribution has to send a wallet screen shot with their address and a balance of at least 200 coins.

This will create a small buy pressure and only serious people will apply for the distribution.
This also helps in a way to reward the existing holders, as they dont have to buy any extra to take part in the distribution process.

200 coins doesn't actually cost a great deal at the moment so it wouldn't be too much hassle for people to buy just to claim bonus coins which would probably get dumped on the exchanges quickly. besides it seems the wallet is a bit 50/50 hit and miss with people, many have said they can't get it to work and i myself have never had a working one despite trying absolutely everything listed in this thread with config files, nodes, and check boxes.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ on: May 20, 2014, 09:36:21 AM
Next mintpal target rank 59

We are 2 votes away from it.

Just took 59th, next stop taking down downcoin in another 50 or so votes.
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ on: May 20, 2014, 05:41:44 AM
Not too sure about the distribution suggestion, as the dev mentioned before that distributing the coins had only lead to the coins drop in value, and right now the last thing we need is for people to dump on them both. both where trading well below 100 sats today. the good news though is that the sell support on the depth chart for yang actually looks none existent now and should make a difference.

I've never really had a problem with the coin cap and to be fair, at 18 million both coins have less in circulation then bitcoin does. it's all just a matter of getting people interested and invested into it and it will definitely take off sooner or later, we just need a little patience and we'll get it there. I can see taking 3 million out of circulation would be of benefit for sure but i'm happy with 18 mill either way.

YinYang actually seems to be pushing up on the mintpal vote list now anyway, only a few votes behind taking 59th place. I think the higher up it gets the more people will start to get interested in it.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ on: May 19, 2014, 02:59:40 PM

+1 for making the effort to make a constructive post!

It is true that at one point  people are going to get in and it will grow because of that, but i think we should not leave it all to time and we should be actively spreading the word.

1-Twitter
2-Poloniex troll-box
3-NXT chat box
4-C-Cex chat box

there is an IRC channel posted in the op we could also get there discuss the coin, organise an hour were we all meet and decide on some promotion moves.

Yin-yang can start rising again if we all do our part.

Please when ever you sit at your computer just login into mintpal and vote, twitt about it, take a min go to poloniex and mention yinyang coin. There is a lot of simple stuff that if we all decide to do will get more people to know about it.

I would like to see the dev post a to-do list for simpler stuff like a dice game, some gamble games maybe a bounty for an android app.

I feel like there is so much to do but were not giving it a go yet.

yeah i whole heartedly agree with you there, promotion and community is what has been making the good coins good, even though more often then not they are similar to other coins that haven't done so well. I just didn't want to bang the drums yet until i had bought up some more yin and yang cheap haha. but once we have a plan or some direction i'll be promoting it for sure. once it begins to climb up mintpals voting list it will probably start to attract a lot of attention anyway without us pushing it too much.

sites where the coins can be used is always a great thing in my eyes, i am a fan of blackcoin because they have blackroad where you can purchase things, and as much as i'm not a fan of doge i still have to admire the fact they created the shibe market place ( more or less something like fiverr where you can sell or buy services for DOGE )

It's a sad fact that when i look at the majority of alt coins all i see them as is a way to make more BTC, but at the end of the day trading is all you can do with them at the moment really. it would be nice to see an auction site like ebay but existing solely on alt coin payment processing, or anything really which would give you another avenue to use coins other then trading.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ on: May 19, 2014, 12:43:32 PM
Hi yinyang fans, I've just signed up to the forum to put some input into this. i usually just lurk and not get involved, check specs, premines and such and pop back to check on what's occurring once i invest in anything. anyway, here is my pennies worth on the situation for you to consider.

The way i got involved was purely because i was checking out all coins on poloniex for potential long term investment, yinyang looks great, very low price for only 18 million coins, and i'm sure anyone else who investigates will see it the same way too. It's a sleeping giant and its time will come. there are that many alts out now many do get overlooked, but sooner or later they do come into play, and it looks like this will be the case for yin and yang. to be fair there are a lot of people like myself who prefer going for coins like this simply because it has been around for a while and working fine 100% without any major premine scandals or being labelled a scam. for me i'd rather invest in something that's been around and tried and tested then invest on a new unknown coin and at current prices yin and yang are a steal.

I know the dev has said he is not Chinese but i can't help thinking that the whole yinyang thing has been a bit of a downfall for the coin. there have been many people on this thread who have automatically assumed the creators are of Chinese origin, and i think after the Asia coin scandal people probably got a bit sceptical of any coin with any links to the far east.

This thread has been a little bit all over the place with all sorts of ideas which may have put people off a well, there seems to be a lot of uncertainty and lack of direction. but that's of no concern to me, i think all in all it's a great working coin, with a good coin limit of 18 million, and it's got a lot of potential. I'm not so sure about the idea of converting both into one new coin, partly because the dev says he wouldn't want to link yinyang to the new coin, which would be difficult to do really seeing as those holding yinyang would know, and also it would be too hard not to explain to people where the new coins had gone if it was to be swapped for yinyang. there's no way you could do it discreetly and not link the new coin to yinyang. plus combining the 2x18 million from yinyang puts the new coin around 36 million and probably won't get the value yinyang should do.

In my eyes i think you should leave yinyang as it is and it will take off in good time. by all means create a new coin but you may as well do it completely seperate from yinyang and have no links at all to it.

PROS... 
1- it's a nice long term investment right now, very low price for the 18 mill coins per half and once people catch on to it or it gets up onto mintpal it should do just fine.
2- we have an active dev here who has always responded and been upfront and acknowledged input from all.
3- the coin has been active for quite  some time now, in other words tried and tested. been working well with no trouble or major scandal, a coin people can trust.
4 - two for the price of one.... yinyang already has 2k votes on mintpal, and the top voted is 20k, still a bit to go until we hit the top but when we do, we get two coins listed for the price of one, instant win.

How i'd like to see it go...

1 - no POS, just personal opinion but i'm not keen on it, it's inflationary and will push up the 18 mill coin limit, and 18 mill is just a nice figure.
2 - I don't have much BTC but i usually buy a few thousand of both yin and yang daily from profits because i believe it can go somewhere.    if everyone buys a little daily it will keep it afloat and give it a bit of volume and i'm sure we'll be rewarded for it when the time comes.
3 - I vote for yinyang on mintpal as often as i can and i'm sure we can get it there, even if it takes a little time that means supporters can be stocking up on it cheaply for now.
4 - a promotion... blackcoin sponsored dogecon, dogecoin took the jamaican bobsleigh team to the winter olympics, and also sponsored the dogecar nascar. okay it was a little gimmick and a bit of fun but it did get people talking and involved. if we could come up with something similar and quite brilliant that would make people want to get involved we could coincide it with yinyang hitting mintpal. which could potentially give it's value a secondary boost if people are feeling charitable and want to buy into yinyang to help sponsor something or other.

anyway, sorry for the long rant. i just wanted to throw my views out there and see what your opinions are on the matter. we may not have the massive community that dogecoin has but we do have a few people out there throwing ideas around and at the end of the day, the more ideas that come the better chance we have of finding a bit of direction and maybe making a game plan for yinyang.
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