I agree, sounds good in theory but would be tough in practice. I guess my point is - until there is more buy pressure, or a heckuva lot more hash on the multipool, the price of M is going to stay where it is now.
Actually, the price of M is more likely to decline in proportion to the increase in supply of M (due to POS), according to classic economic theory, unless demand can be increased. We have only created another 53 coins since we switched to PoS. The last buy on the multipool was over 40 just for SHA alone, granted it was a very long shift, but the point still stands that the multipool very easily overpowers the amount created by PoS Right, but a year from now, if all else stays the same, your coins will be worth 2/3 what they are today in theory with a 50% stake, and that works out to roughly 3 new coins per day, right? At current rates, the demand from the pool works out to be maybe 2-3M coins per day (if you average the last couple of months). The problem is that the selling volume on Bittrex appears to be many times that, so additional demand is going to be needed just to maintain current valuation unless you can keep people from selling. Yes, but you are forgetting something. We don't pay fees to miners or anyone else. Any fee paid is discarded by the network and destroyed forever to help combat inflation at an uncontrollably fast rate. Combine normal trading transfers, as well as the 30 day max of staking before you have to move them again, and it should do well to control inflation alongside all the other tools and services to get them into strong hands of holders and stakers Yes, we will have some inflation, but with this method it will be far, far less than a coin secured through Proof of Work |
|
|
|
Are there two MMXIV's? I'm confused now  Devvie twitter.com/devnullius Not that I'm aware of? |
|
|
|
I agree, sounds good in theory but would be tough in practice. I guess my point is - until there is more buy pressure, or a heckuva lot more hash on the multipool, the price of M is going to stay where it is now.
Actually, the price of M is more likely to decline in proportion to the increase in supply of M (due to POS), according to classic economic theory, unless demand can be increased. We have only created another 53 coins since we switched to PoS. The last buy on the multipool was over 40 just for SHA alone, granted it was a very long shift, but the point still stands that the multipool very easily overpowers the amount created by PoS |
|
|
|
|
I would like to get the next Maieuticoin raffle going ASAP, and since this is a new account with one post, I'm going to give him a week to respond. If I don't hear back from him by September 10th, I will ask for his address to refund him his entry fee and redraw. I don't want to open another raffle before this one has its order placed
If this was a more active account, I wouldn't use the week time limit, but for some reason I have a feeling he may not come back on and see my message...and I really don't want to have to put the next one on hold while we wait for one guy that may or may not come back on. Looks like he only logged in twice, ever, so here's hoping his main account sees this!
Thanks to everyone who entered. These raffles are going great! We sold this one out in under 6 days! That's awesome!!
|
|
|
|
Sorry I'm a little late. Accidentally scrapped the list and had to rebuild it I'm sure you guys all want to know the winner....So first, let me explain how a winner is picked 1) Go to http://www.random.org/integers/2) Switch to Advanced Mode 3) Configure to look like this:  4) The randomization string will be MMXIV evolves to MaieuticoinProduces our random number of....57 5) We then take that number and apply it to the entries spreadsheet located here: https://docs.google.com/spreadsheets/d/1OR8iqI7GsAvNqwLWfbYrlnhm0CaOdm9qlVUvvOChhQ8
Which gives us our winner... Congratulations to.....CapnHappenThese steps can be verified independently to produce the same result. I see this is an account with only one post asking for an address, so hopefully he is watching this thread. Please PM me your shipping details as soon as possible so I can get your units ordered. I've also sent a PM to try to make sure you know you won CapnHappen, please respond as soon as possible |
|
|
|
I agree that using at least some of the MP's funds to build up the buy list would probably be a good idea.
The spread on MMXIV has been hovering at or near 100% for weeks. Meaning, the lowest sell price is 100% higher (double) the highest buy price. I guarantee you bots are playing this spread every day. Place an order at the top of the buy list for 0.006, as soon as it's filled, place a sell order for those same coins at 0.012, and take advantage of the MP buys every day to double your money. Repeat over and over every day (well, not EVERY day, but I digress).
These bots will continue to fill the sell list as long as they're making money - and I'm sure they are perfectly content making 100% on every trade so as long as the buy price is 0.006 the sell price will always be 0.012
When the highest buy and lowest sell are closer - say, within 5% of each other - we will start seeing some real movement
I'm not sure if it's the pools place to hedge other peoples money. You guys will have to talk to ThePeePs about that, but if it were me, I'm not sure how comfortable I would be doing that. He would just be opening himself up to a lot of FUD |
|
|
|
I think what he's saying is that instead of just buying into the sells, he is suggesting to put up Bids and wait for someone to sell
I see the advantage you see in this, here, but Phos is correct in his post, as well, and I think that idea trumps the waiting. If he was to put up Buys and wait for someone to sell, the pool would be holding funds from miners, resulting in misconstrued numbers and payouts. Even if you make more in the end, it wouldn't feel that way since the payouts would be staggered and hard to tell how much hash earned how much M. It would also screw up the pool's stats page, too, resulting in delayed, unfair (since not everything would be filled at once), or incomplete payments
I might be way off, but I think that's pretty accurate?
In addition to what you said, there is risk in waiting for an order fill and it may never happen and you don't know when it will happen. In the mean time, if the price of the coin really starts to move you can actually cost the miners if the price rises (and the converse would be true also), but what you would really be doing is gambling with the payout that has been rightfully earned before distributing it. I didn't understand the original message as worded but now I understand. "but to post some SELL orders too" implies having an inventory of MMXIV coin that is sold, not posting a limit buy order (and wait for an order fill) as is what is now believe to have been intended. Yes, that's also true. I, too, think he just worded it wrong and meant to build up the buy side. Good additional point, though, on how it can actually lose more coins than it gains, I didn't even think of that |
|
|
|
Turns out 2014 coin was a huge scam. Dev changed to POS, steals unclaimed coins. Now needs miners to mine on MMXIV's centralized multipool; no one is allowed to know what is mined. He then trades altcoins mined on his multipool, for stolen MMXIV coins. When there are too many facts and complaints he deletes, https://bitcointalk.org/index.php?topic=623884.1460There was a total of 6 weeks (including the Bittrex automatic trade in) to convert your coins to the new chain. It was not a secret. It was in huge red letters at the top, middle, and bottom of the OP Yes, you can mine on pool.mmxivcoin.com to get them. We offer 4 mining algorithms now (SHA256, Scrypt, x11, and x13). You can no longer mine M other than on our multipool (which mines other coins, sells them, and buys, then pays out, in Maieuticoin) Other than our pool, yes, the only way to get them is to buy them, which I suggest you do soon. There is currently less than 3 BTC worth of sells between .01 BTC each and 5 BTC each https://www.bittrex.com/Market/Index?MarketName=BTC-MMXIV |
|
|
|
|
I think what he's saying is that instead of just buying into the sells, he is suggesting to put up Bids and wait for someone to sell
I see the advantage you see in this, here, but Phos is correct in his post, as well, and I think that idea trumps the waiting. If he was to put up Buys and wait for someone to sell, the pool would be holding funds from miners, resulting in misconstrued numbers and payouts. Even if you make more in the end, it wouldn't feel that way since the payouts would be staggered and hard to tell how much hash earned how much M. It would also screw up the pool's stats page, too, resulting in delayed, unfair (since not everything would be filled at once), or incomplete payments
I might be way off, but I think that's pretty accurate?
|
|
|
|
going to be a good day for M tomorrow  Agreed. But just to be clear, I'm not passing blame to him at all. I am very impressed with ThePeePs' work and very grateful he has done all of this for us. Without him we would be far worse off As a side note, he has spent many, many hours working both by himself, and syncing things up with me, to ensure we can give you guys the best possible experience we can. I'm pretty sure he's going to be redoing the front end soon to match the new webpage (not 100% certain) to keep things feeling smooth and integrated I'm sorry for the downtime |
|
|
|
Yah I happened to be browsing the altcoin announcement forum section tonight and saw this. Believe it or not - not all of us have time to watch every thread on this forum.
While I haven't opened this wallet in a while because it's not high on my priority list - when I last checked I had stashed away the 4.50889564 MMXIV I mined.
Yep, you definitely don't want to hold M coin if you don't have time to follow this thread. There is no push notification for important announcements. Pool down again. #SinglePointOfFailure #LongestPoolShiftEver The pool is run by ThePeePs, not the coin dev team. He will be back tomorrow |
|
|
|
Thank you for the prompt reply, MMXIV. The updated build has resolved the issue. Ok, cool, glad you're back in. Got it in the OP now under the other clients in case anyone else gets the JIT error. Thanks for letting me know! Sorry for the inconvenience, but I'm happy we got it fixed right away on the first try  |
|
|
|
TL;DR
so if I find my MMXIV wallet file - and open the client - I guess I'll be pleased to see it has a zero balance since the dev has given away the coins I mined. Because silly me - why would you presume that after you mine a coin and let it sit that the dev would make a hard fork and then give away the unclaimed coins. Sorry to be late to the party - but keeping up on every alt coin is about impossible. Enjoy the 4.5 coins you gave away. I'll chalk it up as a forced charitable donation - kind of like what obama wants - wealth redistribution.
Think of it how you want to. Everyone had over a month to trade them in. It's funny you guys are coming here the day after the deadline to call it shady after, allegedly, not checking this thread for what, 5 weeks? Pretty coincidental... Sure coincidental... it's like $25.... it's not like it's on the top priority list of watching and seeing what goes on with it. Sorry don't have all the time in the world to wonder what happened and watch the progress. It was promoted as a coin that once it was mined then it wouldn't need to be monitored... that's what you got... mined and then ignored. I sent you a message with the information about the wallet. Enjoy the peoples socialistic republic of MMXIV You sent me an address. That does no good. Even if it were before the deadline, you didn't send me your Private Key or wallet, so you wouldn't have gotten them anyway Nobody ever said you wouldn't have to watch it. I'm not sure where that came from. We went to PoS to secure the blockchain instead of waiting for someone to attack a coin with no hashpower I'm sorry you are upset, but I can't make exceptions now, or I will have to do it forever. People can easily move coins to a new wallet and double claim. I'm sure some have tricked me with that already, but I didn't mention that was possible until now because I didn't want to give anyone the idea Again, I'm sorry you are upset, but there is nothing I can do now. Not to mention you wouldn't have gotten your coins anyway even if it was before the deadline since you didn't send a Private Key or a wallet. Public keys do nothing to prove you own the address and the coins |
|
|
|
Just got back from out of town and noticed I have some bonus coin! What a pleasant surprise, Thanks!  No problem. I've been using the unclaimed MMXIV from the chain switch to do giveaways to random miners on the multipool. Thanks for mining with us!  Unclaimed MMXIV, does that mean taking from people who couldn't get your wallet to work? I can't find out how this coin works yet. Can I mine MMXIV, if it's POS? Do only rich wallets mine? Is this now a coin, for rich kids born with a silver spoon? 90% of the world is poor, so this coin is not for average people? How many coins will be mined? There was a month to convert coins to the new chain. I asked you on the last page what wallet problems you had, with no response, as well as posted a new client for you to try, with no response whether it worked or not Post number 1455 answered what the error was. Post number 1456 did not solve the problem. I seen no reason to repeat what was already posted. How are MMXIV coins mined now? It's taking forever to read all the pages to get any info. From what understand, everyone who didn't read your posts for a month, lost their coins. These stolen coins are given to miners who go to a "special pool", to mine altcoins for a rich wallet that makes and sells MMXIV coins. The only way to get MMXIV coins now, is to mine on a "special pool" for altcoins, and then sell the altcoins for MMXIV coins. What's the purpose for special multipool. I already use a multipool; seems smarter to use a multipool that is reliable. Are MMXIV coins still POS on an exchange? Is the only way to get new MMXIV coins, to buy from a rich wallet? Well I can't read minds to know that the client we posted yesterday to try to fix errors for like 2 people didn't work, but I have a feeling you didn't even try the new wallet. You still haven't even told me what won't work, so I'm not sure how you would like us to fix an issue that we aren't aware of If you want to think I stole them (after a month with many, many posts, as well as huge red letters at both the top and bottom of the OP), then sure...I stole them, whatever Yes, you can mine on our multipool to get them. We offer 4 mining algorithms now (SHA256, Scrypt, x11, and x13). You can no longer mine M other than on our multipool (which mines other coins, sells them, and buys, then pays out, in Maieuticoin). You can use another multipool if you want, but you won't get paid in Maieuticoin Other than our pool, yes, the only way to get them is to buy them TL;DR
so if I find my MMXIV wallet file - and open the client - I guess I'll be pleased to see it has a zero balance since the dev has given away the coins I mined. Because silly me - why would you presume that after you mine a coin and let it sit that the dev would make a hard fork and then give away the unclaimed coins. Sorry to be late to the party - but keeping up on every alt coin is about impossible. Enjoy the 4.5 coins you gave away. I'll chalk it up as a forced charitable donation - kind of like what obama wants - wealth redistribution.
Think of it how you want to. Everyone had over a month to trade them in. It's funny you guys are coming here the day after the deadline to call it shady after, allegedly, not checking this thread for what, 5 weeks? Pretty coincidental... |
|
|
|
Ugh . . . I hate pumps, bad idea IMO. Most coins fake-pumped through channels like this crash far lower than where they started and take months to recover. Don't worry. I feel your sentiment, as well. However, we do have a multipool that will help keep it up (should we get chosen). I'm also not a fan of pumps and am very pleased with the way our market has been responding naturally |
|
|
|
Just got back from out of town and noticed I have some bonus coin! What a pleasant surprise, Thanks! No problem. I've been using the unclaimed MMXIV from the chain switch to do giveaways to random miners on the multipool. Thanks for mining with us! Unclaimed MMXIV, does that mean taking from people who couldn't get your wallet to work? I can't find out how this coin works yet. Can I mine MMXIV, if it's POS? Do only rich wallets mine? Is this now a coin, for rich kids born with a silver spoon? 90% of the world is poor, so this coin is not for average people? How many coins will be mined? There was a month to convert coins to the new chain. I asked you on the last page what wallet problems you had, with no response, as well as posted a new client for you to try, with no response whether it worked or not |
|
|
|
Just got back from out of town and noticed I have some bonus coin! What a pleasant surprise, Thanks! No problem. I've been using the unclaimed MMXIV from the chain switch to do giveaways to random miners on the multipool. Thanks for mining with us! |
|
|
|
I will gladly pour tens of thousands of dollars into lawyers to protect Maieuticoin. Also, most of what you say the feds plan to do isn't even possible However, I'm very aware this post is a giant farce |
|
|
|
|
Show Posts
