It appears that James still wants them somehow so expect at one point or another a huge rebound, a double or triple almost instantly... Of course that is likely to happen when the price has dwindled significantly even from current numbers. But I don't think we will see 500 sat in a very long long time. under 2000 though, to me a foregone conclusion.

But not just VRC, as I forecast about a month ago, ALL alts, in general, will be decimated to 1/4 or less of the then valuations. We are already quite underway in that direction in just a month or less. There's not even a remote justification for current valuations for something that has no value, no use and that is supported, basically, by pot-smoking, non-working jerkoffs with no access to money. And that's 85-95% of the alts demographics.

altcoinUK, i'm not part of anything and i only have 250K bay because i don't invest much money into something new i don't know how it works out. I will invest later when marketplace is online even if i have to pay 1000 satoshi for it then. But now i'm doing nothing.

Now i go back to work. I work 60 hours per week and additionally spend 10 hours per week to do crypto research but this will stop now as it is useless because it's always "same shit, different day".

with kind regards,
randywald

Altcoins dying anyway

The problem ist that the whole discussion is rumor and i see no facts. I only see a desperate bundle of people wasting time posting things they can't proof.

It is proof positive about the sockpuppet army as several of them are posting here and clearly know of bitmarkets, but not a single post about it in the official thread.

Sad that this turned out to be what it is...

James

Up until Bay, every coin bob has told us to buy he has pumped and made us a great profit. This time though, bob had us buy up as much bay as we could, which all went right in to bob's pocket.

The few new accounts that you see in the moderated thread that are trying to hype the coin up are all part of our group. They don't believe in bay, they just want bob to pump it.

.

The guy who hired me believes in crypto big time. Hes like a big kid at a candy store. We both know how exciting tech is and i think the monetization is self evident. Pegging was my idea to make it attractive "as a business"...

Please ... you are asking too much from the Bitbay team ... none of your sensible and very valid points would be compliant with a classic money collecting party as your points make sense and assumes transparency. Transparency and tricking naive but greedy investors into the operation don't walk hand in hand.

IoT coins are not for buying iPhone   generally FIAT and digital currencies are accepted as payment for goods and services, but IoT coins act like a token to support IoT operations. All IoT coins like bitbay, tilecoin and gadgetcoin have this philosophy.

Eager to the delivery of this project, if it works well and better than current solution on IoT, it will have a big market and I have resource to sell IoT devices in China.

And Bobsurplus, true to form, sending yet another barrage of minions and sock puppets to give advice to the poor (idiotic) believers who have drunk so much kool-aid he will applaud the "advice" from just-registered newbies... Amazing, simply amazing.

I have one question: Are you sure that Dev is selling own coins?

Part of ICO was scam? Dev bought own coin just for fees? (So he has profi even at 1 sato huh) ? ? ?

I was wondering how it's possible to gain 2500-3000BTC from ICO nowadays when crypto is is depression like never before.....

you can cal it FUD but this is most important question with huge ICO....

@altcoinuk, is there any way you can delete these image posts that Mig 23 keeps spamming? I understand you don't want this thread to be moderated, but he is doing absolutely nothing to contribute to the discussion of BAY. Many people have a lot of their bitcoin tied up in BAY, it is a very serious matter. All he is doing is burying relevant posts that actually matter.

Dev must be a moron to sell that way

It's a bit like fish. If all the fish in the sea were brought to market at once, there'd be over supply and a price crash. So the fish are brought in a trickle from the sea to market which restricts the supply and buoys the price. So I presume this is the model that's serving as a template here.

My problem with that is that you paid a premium for the fish so that you didn't have to get in a boat and go and net it yourself. On the other hand, these coins are in a wallet. They're already "caught". It's normal for me to be able to send my coins all over the place and dump as many as I like on the market or buy up as many as I like. By synthetically restricting supply to market all your doing is p*ssing off the wallet holder and giving them less functionality than they usually have.

I dont lie to people get that straight through your head. I'm getting tired of this shit. If you have issues with Bay then take it up with them.

Bob is not my boss indirectly either, hes a bad guy and i dont want to hear his name again.

It's a new concept for crypto but governments have been doing it for a while and failing at it, making black markets for their currency.

Say I want out of the coin but my funds are locked in the pegging scheme. I just sell him my wallet.dat and he sends me btc for it. We can use a trusted escrow and presto I have bypassed the pegging.

The way pegging works is like this:
you bought in 1000 coins lets say for one dollar
so 1000=1

So now, i add checklocktimeverify. And using this, i add new mining rules.

One of the rules is, after the fork, everyones funds are forced to do the same thing. If spent, they must lock X% lets for arguments sake say 99.9% of their funds back to themselves.

So the TX would pay to themselves 999 locked for X time. And one coin would be "tagged" as liquid

Now I set $1 buy wall for our new liquid coin.

Mind you, the exchange cannot sell the 999 since its frozen so withdrawing it would get declined by miners. (thus im recommending to the exchange to force withdraws before the force to avoid complex accounting)

If the coin is sold lets pretend its the only liquid coin. So now the guy who bought at $1 will sell at 1.02 for 2% arbitrage.

The cycle continues.

Now I add two more rules.

Because the guy who sold the dollar technically HAS 999 in reserve. So is it frozen forever? No.

Instead, we add rules to how locks must be done on liquid and reserve coins.

One rule will allow for unlocking of reserve coins. And spending anew. (a supply increase)
The rule will respond to variables that the master key sets by sending messages to the client (yes, its centralized at first because users would always choose the path of least resistance)

The rule says "You can unlock your coins now beginning at block X BUT you can only spend X% of them." So now, you can spend lets say 99.9% again.

So the controlled supply increase would allow one more coin in.

Also, there is a rule that goes like this: "Liquid coins from block X need to spend X% Back into a lock"
So that is a supply DECREASE and it effects all coins.

Thus we can do the reverse and force the new coin to lock back.


Control of supply allows for control of price since the walls can be set to managable levels

The reason NuBits doesnt go below is because it cant.

This is my goal to protect investors from the "same old same old" crypto bullshit.