Awesome! All you need do is fire up a HORIZON node, hz-v5.4 is what I am using it was the latest version I managed to find. In its config file of course all the old default nodes are long gone, but I do not plug my nodes in in place of those I put mine in as well-known nodes. Either would work though. Plug into it LFM.knotwork.com, Server1.Knotwork.net, UFBSH.no-ip.org, UFBAR.ddns.net and UFBTR.ddns.net If you want to help prevent forking of the blockchain or just want to use a staking pool for staking, there is a staking (forging) pool running at http://lfm.knotwork.com:8810/ which pretty much all the players with enough HZ to bother staking/forging seem to be using. We have had problems a few years back with forking so that might be best idea for now, especially considering that the default distribution is set up to want three nodes already on line and in synch with one-another just to get started since by default it checks each block received against two nodes other than the node it received it from before accepting it. You should be able to make buy offers with your existing bags of HZ, the game's assets on HORIZON are listed at https://MakeMoney.Knotwork.com/horizon/assets/Note that we do not use the so called currencies, only the so called assets, since trying to create currencies after the first few we created it just kept insisting name already in use for any more we tried to create also not sure the math of trading them etc even works for those it did allow to exist. So we replaced any we had managed to create with assets. As for the value of HZ, we had trading going pretty nicely assuming one HZ was worth about a penny or cent, whether U.S. or CAD or Australian or GBP or Euros, anything in that kind of ballpark, but some massive whale trashed the price of HZ on Stellar so insanely low that pretty much everyone deleted all their sell offers of everything in HORIZON until some day when a proper buy-side is built up on Stellar for HZ enough to give players some confidence again that there is any point trying to come up with sensible sell offers selling things for HZ. The Stellar assets, including HZ, are listed at https://MakeMoney.Knotwork.com/stellar/The tables and plots of asset values, dating back to 2012, are online at http://galaxies.mygamesonline.org/digitalisassets.html-MarkM- EDIT: If you yourself are a huge whale in HZ you might think about the idea of making HZ into a "treasury-based asset" in the game so as to make it have a calculated value within the game, since it might prove easier to bring its calculated value up to a useful level than to bring its spot market prices on Stellar up to a useful value. I already started discussing how to set up treasury based assets in one of the [Galactic Milieu] threads in the altcoin discussion section of these forums.
|
|
|
i m not quite sure what you mean by "trade against"
Simply trading-pairs, what market-pairs does a given thing offer. Many exchanges offer BTC/whatever for a whole lot of whatevers, also useful is having several exchanges for selling a particular thing for fiat. Part of why BTC and XLM are useful is a lot of fiat-exchanges, that is, places one can sell crypto for fiat (and usually also buy if for fiat but that is a direction I never go in since my income is crypto so I only sell it for fiat never buy it with fiat) have BTC/fiat and/or XLM/fiat pairs available. BTC and XLM are especially useful because not only can I buy and sell almost any other crypto with BTC or with XLM or even with both but also both are so easy to cash out to fiat, so they are gateways funnels or channels whereby pretty much all other cryptos can be cashed out through toward fiat. Before the rise of "stablecoins" I had always figured why bitcoin goes down following alt-bull season is almost all alts cash-out route involved selling them for bitcoin then cashing out the bitcoin. Not sure how much that applies as stablecoin use grows. -MarkM-
|
|
|
How many, if any, of those things offer trading against lots of other things, maybe even almost all other things?
One of the big features of bitcoin for example, to me, is I can trade it against many other things.
Unfortunately there are many things I cannot trade it against though because I don't have easy convenient tokenising yet on bitcoin platform / blockchain.
So I find Stellar Lumens very useful as XLM lets me very easily tokenise anything else I am interested in so I can trade basically anything against XLM and, because Stellar's markets do not force all trading pairs to be versus Lumens I can even trade anything against anything else on it.
Do these things you invest in offer that kind of usefulness? I am not very familiar with a lot of them.
-MarkM-
|
|
|
The question of whether you are already rich, whatever might qualify as "rich" to you, does seem quite important, as basically it brings attention to the scale at which you operate. The more wealth you have earning for you, the lower percent profit you need to attain a given income. That is, absolute profit and percentage profit are not always the same in effect upon people, depending on their scale. If you only have a dollar to play with, 25% per year might not seem like much, maybe not even worth the bother. That is likely a lot of why people use credit cards for convenience, at the level of a few groceries or a bit of gasoline 25% or so a year maybe doesn't seem much at all to pay for the convenience of buying it with a credit card instead of debit or cash. But scale makes a huge difference to the perceived / experienced variance between a percent profit and an actual dollars or yen or pesos or whatever of profit. The more wealth you have in play the lower the percent you need to make on it to cover basic expenses day to day. So there is probably a lot of difference between strategies that arises simply from the scale at which the strategist is able to operate. Also possibly the less wealth someone has available to play with the more willing they might be to put in some time rather than only put in wealth with as little time-at-keyboard as possible. Unfortunately there is likely also a nasty perfect storm of bad circumstance where someone is not only low in capital to play with but also so broke they really cannot spare not only capital to play with but also time to do the playing, every spare moment occupied just trying to cover basic expenses so no time left to play at making profit on the markets. A lot of the advice I see in threads here seems to involve just buying and holding, but even though that can give an impression that they don't want to spend time actually doing the buying and selling part nonetheless they still advocate putting in time since presumably the do your own research part they also typically advocate is also going to take time. So I suggest re-considering the apparently common idea that one should just buy and hold then someday later sell; particularly at low levels of capital it really might be better to be doing placing buy and sell offers all at once rather than buying soon and selling some future maybe day when/if in profit. Don't necessarily just run out and try it, but maybe at least look at the idea, do it in your imagination even as it were, as you do your research notice price movements, think about what would have happened had you not simply bought at some given price but also placed back immediately for sale at some higher price what you just bought. If you have sell prices in mind, why not place those sell offers right now at the price you have in mind, so even if you are asleep when the price gets there your sell happens automatically? If you figure you will sell N number at price Y, Z number more if it hits price A, why not place those amounts for sale at those prices up front instead of waiting to see whether price ever gets there? Even in early days when exchanges flew by night maybe even more often than any stuck around long term, there was enough profit in such an approach that the losses from all the hacks and flying by night and so on just ate some of the profit leaving plenty more profit despite it all, nowadays when some exchanges sometimes stick around for several years there is even less reason to be so paranoid about leaving coins on exchanges that you miss out on the profits you could have been making on a lot more of the ups and downs than a pure buy and hold ever sees. To benefit from the downs as well as the ups you will probably do best with coins that are not themselves fly by night or rugpulls or out and out scams, and it is worth bearing in mind that even things big venture capital goes into are probably often basically scams designed to scam money from venture capitalists, since it is known venture capital actually expects most of the things it goes into to fail so a lot of designed to fail things likely get lots of money from them. The thing is you can get the best of both worlds by actually trading, if you trade one coin against another and one of them is something real and serious like bitcoin itself even if the other one is some more speculative thing. So consider the concept of investing not in some particular coin but in some particular trading-pair of one against another, the idea being whichever of the two goes up against the other, the other is going down against it, so all the downs are actually ups in the other direction just as all the ups are downs in the other direction. ( Bitcoin isn't going ever upward, fiat is going ever downward, for example! ) -MarkM-
|
|
|
Oho I had not looked at minetest in a long time, looks like by now it might well be a useful component to add to the Galactic Milieu... -MarkM-
|
|
|
I would be interested in seeing some screenshots of historical gameplay if you know of a place that might have them.
The #galactic-milieu topic on the HIVE blockchain has some screen-grabs: https://peakd.com/created/galactic-milieuBattle for Wesnoth is a free open-source game that operates kind of like the ancient education programs or read-your-own-adventure novels in which your choices determine what you are shown next, with set piece battles or adventures as one of the forms of decision choices as in did you win or not basically; a game in which you re-play history but if you fail at any step to accomplish what the historical protagonists did you usually just lose the game; that has been used to make sort of historical docu-dramas about some of the "temporal nexi" in the game even though BfW didn't end up actually adding yet the kind of features that had been discussed for it that would have led to its being useful for actually deciding what actually happened. The plan in saving each FreeCiv-turn's savegame files is that someday if Wesnoth adds the features that don't seem anymore even maybe to be in its roadmap it might be possible to use it as one of the methods Time Cadets could use to re-visit a temporal nexus (read: FreeCiv savegame) and branch an alternate history off of it. The Between the Worlds campaign is a portmanteau with a few different threads in it which include a Time Cadet storyline as well as a Space Cadet storyline. The Devtome wiki has pages about some other campaigns also. The idea is that the Milieu agents introduced the Battle for Wesnoth software to Earth as part of its preparing the planet to join the Milieu, as a software tool allowing Earth to begin early stages of training Holodocudrama developers well ahead of introducing actual holodecks / holobarracks which are of course a too advanced technology for such a backward planet at this time. But like a holodrama Wesnoth software lets one set up educational storyboards / storylines which include interactive elements. The campaigns do typically include some screengrabs from for example FreeCiv and Crossfire-RPG. It is possible the Milieu stuff on Quora might have some screengrabs too. -MarkM-
|
|
|
Actually the primary platform for the game's assets is HORIZON, whose native currency is HZ. However HORIZON is based on running your own node in your own home, it does have a web interface, see for example http://lfm.knotwork.com:7776 but we deliberately have not even attempted to set up an https (secure http) port for that because accessing someone else's instance is inherently insecure in that they could log all your browser's queries to their instance and thus discover you private passphrases. Thus it seems better to have that example instance be conspiciously insecure, to discourage you from imagining it is in any way a good idea to use it for your actual accounts; it is useful though for simply looking at other accounts and at blockchain history transaction history and so on since you can log in with any arbitrary made-up passphrase, including just using a single space-character as a "passphrase" to log in as the example account we provided whose passphrase is a single "space" character (what you get by pressing the spacebar on keyboard). You should not use this sample site though for anything real; for real use you should download it for yourself, for example from my LFM.Knotwork.com membership site or from anywhere else that still has the most recent archive on file after all these years. My LFM Knotwork membership site also has some help on how to get it up and running. You will most likely need either to find out how to have your modem route the approrpate port(s) to whichever machine on your local network you run it on, so likely will need to have your modem assign that machine a "fixed IP address" on your in-house network, since the config file likes to know what its instance is known as on the internet to communicate with other nodes effectively. Thus you might also need or want a dynamic-IP service sch as no-ip etc to provide whatever IP address your internet provided assigns to you from time to time with a name on the internet that the dynamic-IP service will, via a daemon aka "service" (a program) it gives you to run on your machine that reports to it periodically what your current IP address actually is. Some modems include support for such services in the modem. Thus as you might be able to imagine HORIZON is not something the mass market users always find totally convenient to use. You could set up an instance yourself for your own clan or nation or guild or society, association etc (generically "group") to access if they trust you enough tom think you won't go stealing their passphrases, but if you do so you might want to either figure out how to make it use https (secure http) or just run if for them over Tor or suchlike "dark net" which will get rid of the need for a "dynamic IP" service and the need to configure your modem and the need for a way to make it use https, but, will require your users to use Tor or whatever "darknet" you choose to run it over. Basically it is intended for distributed use by the individuals involved, setting up a node for others to use is a form of centralisation with all the risks centralision incurs including the possibility that who-ever hosts the instance might in effect be turning it into a "custodial wallet" of sorts by having the technology to access other people's accounts aka having their pass-phrases, their "secret keys". This you can likely understand why we also offer the use of Stellar. Stellar also has the ability to trade any asset directly against any other, whereas in HORIZON everything trades against its native currency HZ. Stellar also has build in "automatic market maker" ability aka liquidity farming, and a free open source bot, "Kelp", which can be very useful. It is also trivial and trivially cheap to create and use tokens on Stellar. All our assets we represent on Stellar though do exist first on HORIZON, the "Stellar Holdings" account on HORIZON contains the assets that have thence been tokenised onto the Stellar platform. The assets that in Open Transactions were catagorised as "shares", which are those prefixed with a lowercase "s" in the Latest Rates include-file, are not tokenised onto Stellar, they exist only on HORIZON to help players always keep in mind they are not planet Earth "securities" just game assets; since HORIZON nowadays is basically purely a game platform for use in the Galactic Milieu (meta)game. -MarkM-
|
|
|
Once upon a time, back around the time HZ got de-listed from Poloniex, there used to be a great explorer-type site for it. Some time later I even talked on phone with a chap who claimed he knew the folk who ran it and could maybe get them to put it back online. I long ago lost the old phone that had his number so figured it was long past time by now to enquire here about it... Does anyone have that old site or code? Any chance it or something like it can be put online again? - MarkM-
|
|
|
Gambling is probably the right term for playing with the memecoins, certainly not savings. Unless of course you happen upon a meme that suits your other plans or purposes and either has low inflation/minting or a means of minting that you yourself are in a good position to make use of. There I am thinking of memes like the Sci-Fi coins because my Galactic Milieu gives me in any case a good use for various sci-fi-themed things, and some of them such as GPL and GPL2 have low enough staking rewards (about 5% per year I think, plus at least with GPL a thirty day "at rest" period before staking rewards even kick in) that the "true inflation" of more of it being minted might possibly be low enough that it will be feasible to keep "buying up" all its minted coins to keep its value up. Still iffy no doubt, but the kind of thing I can actually put to use even if for copyright or trademark reasons I end up needing to refer to it as Gnomish Portable Lucre rather than by use of some potentially trademark or copyright problematic terminology. - MarkM-
|
|
|
That sounds similar to the interest rates on credit cards so chances are you'd be better off paying off all your credit cards first before going for it even if by some miracle it does turn out not to be a ponzi or outright scam...
What would be the chances? Of it not being a ponzi I am not sure, usually ponzi claim much higher interest rates than that. But usually they are promoted in the earn from home or internet marketing etc niches rather than the crypto niche, for crypto folk it is maybe about as high as they feel they can claim without being too obviously a scam. I could easily see making way more than 25% in a year trading crypto, heck at small enough scales even the 1% a day ponzis often like to claim is do-able but scaling such things up is problematic, typically the more wealth you need to try to make a profit on the harder it is to get high returns, plus if you are making high returns what-for do you need "other people's money", you can make plenty by yourself and basically hog to yourself all the volume of profit any given profit-centre you come up with can yield. Not to mention but here I go mentioning it anyway yikes USDT, fergoshsakes fiat is seemingly both designed and intended to lose value over time, if fiat can offer 25% per year probably its because it intends to have that much inflation, that is, to lose that much value per year! I didn't know inflation was that bad yet but maybe so, even in the U.S. I am pretty sure a carton of cigarettes is no longer $2.70 nor a gallon of gas 27 cents and so on and so on. A lot of electronics might manage to get cheaper in fiat price but overall real things seem to show us that fiat loses value awfully darn fast... So at the least if falling for some such scam pick one denominated in something that isn't itself in the first place by-design a losing proposition! -MarkM-
|
|
|
That sounds similar to the interest rates on credit cards so chances are you'd be better off paying off all your credit cards first before going for it even if by some miracle it does turn out not to be a ponzi or outright scam...
-MarkM-
|
|
|
In the meantime there is a whole exchange, FreiXLite, where everthing trades against LiTeCoin so that could provide some usefulness to one's LiTeCoin while waiting for other action.
-MarkM-
|
|
|
Since we are apparently finally actually approaching the launch of DMDv4, maybe now is a good time to use DMDv3 as an example to walk through the process of turning an asset into a Galactic Milieu "treasury-based asset". Essentially what is called for is the creation of a "treasury" whose total value should ideally at least approach the supposed "market cap" of the asset according to such spot markets or spot market aggregator sites as might already list it. Since there are only ever to be something like 4.2 or 4.3 million DMDv3 coins ever minted, and their supposed value lately has tended to be below USD$5 per coin, it is a small enough market-cap coin to probably not be too terribly hard to set up with a commensurate "treasury". Furthermore there remains a chance, maybe a pretty high chance, that once people have claimed their DMDv4 coins corresponding to their holdings of DMDv3, leaving DMDv3 free to become "Diamond Classic", the spot markets might show a plunge, possibly a quite drastic plunge, in DMDv3 prices if, indeed, the exchanges that currently carry DMDv3 and claim they will go on to carry DMDv4 giving all their users of DMDv3 their corresponding DMDv4 even bother to continue to list DMDv3 at all. Indeed it is not even clear whether the exchanges offering that automatic claiming of your DMDv4 for you even plan to actually give you back your DMDv3 after that claiming! So it is quite possible that it will not even be necessary for a "treasury" for DMDv3, to make it a "treasury based asset" in the Galactic Milieu, to even come close to the current "market cap" of DMDv3; if prices decline drastically once DMDv4 is in place a much smaller "treasury" might suffice for DMDv3, thus presumably leaving it much of whatever assets the supporters of making it a "treasury based asset" can scrape together to become "slush funds", especially of course "slush funds" to be used to build its buy-side order-books on whatever platforms and exchanges it does end up supported by. It should of course be pointed out that there is little point initially in putting more value into its "official treasury" than can be put into its buy-sides on whatever venues end up supporting it, in fact historically we have seen that in many cases an asset's "dumpers" apparently have total disregard for the treasury-based valuations of assets and just set about trashing the prices of everything they can; there seems to be a species of "griefer" in crypto gaming that loves that particular form of "griefing". - MarkM-
|
|
|
Small market caps can be deceptive, because so called market cap is at least on small scales basically fictitious. For well over a decade now I have found with small market caps it makes more sense to set them up "backward" as it were: Instead of looking at a recent sale or at the highest buy offer or even some average or depth-adjusted derivative of such things simply have a "treasury" of assets for each coin or token and divide the total value of that "treasury" by the number minted / number in existence to come up with a "valuation" for the thing. This is along the lines of a "fundamental value" one might calculate for a corporation's shares, basically add up all the company's assets and divide by the number of shares. I know another valuation method looks instead at earnings, but consider what happened when the penny-stock people dove into the mainstream stock-market: in mainstream a lot of companies' shares had been valued based on earnings, whereas the penny-stock folk looked at "fundamentals" and realised that many many of those companies in those days owned a whole lot of real-estate, worth a lot, so the penny-stock folk bought up a controlling interest of shares in such companies and broke them up, basically putting the real-estate into their own hands or into holding companies set up to rent the real-estate, leaving the earnings-valued companies to rent the real-estate rather than own it. So there are presumably pros and cons to both approaches to valuation and maybe separating into earnings companies who rent from holding companies might even have helped sort out whether for a given enterprise its earnings or its actual holdings counted for more overall. A nice side-effect of the "treasuries" system of valuation is that in order for a coin or token to show up on market cap based aggregator sites' lists of assets it also needs to build its buy-side on exchanges, since ultimately it tends to be the visible buy-side that results in a good valuation on such sites; but historically it became clear that one cannot count such buy-sides on third-party exchanges as part of an asset's "treasury" from which to calculate a valuation because lets face it, such buy-sides so often vanish as exchanges fly by night, take the classic "sorry we got hacked" exit-strategy, or who knows maybe in a few cases even actually do get hacked. So each asset also needs to have "slush funds", funds it can use to build buy-sides on exchanges as well as for day to day operations, over and above its actual official "treasury" from which we can calculate its value per coin token share etc (instance). Heck so far it has not even been necessary to include the value of "fully owned subsidiaries" into an asset's "official treasury", so the valuations obtained by this "treasuries system" should actually by design be an under-estimation of the values. It also does not take into account all kinds of "game assets" such as planets, deathstars, goldpieces, armies, navies, nations, magic swords, whatever. Basically we treat what we can actually secure into an official "treasury" as if it were the market cap, and compute price from that instead of computing market cap from current prices on exchanges, because basically the markets are stupefyingly "inefficient" so moment to moment prices on spot markets are extremely unreliable guides especially at small market caps. - MarkM-
|
|
|
Probably only a few hyped things will really have a good future, and likely the more they depend upon hype for success the more they will remain forever vulnerable to losing all their "supporters" to some next new hyped thing since most of the people in them likely are really only following hype and likely even have no real knowledge nor maybe even want any real knowledge, so at any moment every moment they could all flee. So maybe for good future prospects it could be worth looking at things that have just kept on keeping on through thick and thin year after year, and if you do not see enough such things that have been around for more than a decade consider dabbling in a few that might only have managed to stick it out through maybe as few as I dunno, is five years too small a span of time to begin to see whether they really have the stick-to-it-ive-ness to seriously plough on through the next few decades or more? It still does not seem impossible that over the next few decades we might see more and more people starting to realise the benefits of loyal communities and of people who are actually interested in the field rather than just being folk chasing the latest greatest tulipmania... - MarkM-
|
|
|
I have to agree it is the BiTCoin community that is the strongest, I suspect you will find that among the strongest altcoin communities also are a lot you might not realise are as loyal to BiTCoin as they are if you do not realise that not all loyal BiTCoiners believe BiTCoin would have been stronger alone than as the originator and leader of an entire field, call it blockchain or crypto or whatever. Not all the altcoins are scammy crap trying to steal BiTCoin's thunder as it were; especially early on plenty were and remain examples of what BiTCoin could do but was smart enough not to try to do in one monolithic kernel as it were. BiTCoin has a lot of the *nix philosophy of do one thing well in it. There might still be folk like Minix's Tanenbaum who still think Linux's monolithicism was bad design and maybe like Betamax vs VHS ought not to have become so successful. Part of why I do not like LiTeCoin is its from the very outset disloyalty in seeming basically to set out to destroy the existing two scrypt coins rather than update one or both to run with (fork an existing litecoin blockchain) or like United Sci-Fi Coin (UFC) tried to do for the so-called Sci-Fi coins let everyone in the existing ones bring the benefits of their already accomplished work/support in the field when migrating to the new one (allowing claiming of USF coins based on how many they had of each of the existing ones USF was trying to help or continue the work of). There are lots of such threads of loyalty, though of course that too got corrupted into umpteen attempts to co-opt an existing community by forking an existing blockchain, becoming not a loyalty to the existing but rather a somewhat transparent attempt to cash in on it. There is still a larger family of coins that can be merged-mined alongside BiTCoin for example, not just the old classics NaMeCoin, DeVCoin, IXCoin and I0Coin but also things like UNObtainium, SYScoin, even GeistGeld as an example of how going too short on block time kind of shoots such merged mining in the foot maybe. I think a lot of loyalty to BiTCoin is maybe masked by over-assuming that alts are somehow against or opposed to BiTCoin; there can be a possibly-surprising amount of loyalty even in what we Brits might call "the loyal opposition" party as it were. I realised early on for the Galactic Milieu that having a bunch of currencies and assets would be a very good way to go. - MarkM-
|
|
|
Trust isn't something you can ever establish in a forum environment, so there's no point trying to convince people that don't care in the first place.
That seems a weird assertion, unless somehow forums are a worse medium to use for such things than the IRC channels that I think preceded the launch of these forums? Plenty of trust was built way back on IRC why would it be harder to do on forums? Do you maybe think the bots nano and maybe others eventually deployed on IRC make such a big difference in what kind of trust can grow? Do you remember the early futures system built by that Rumanian chap who supposedly died at sea or somesuch eventually? Seems to me quite a lot of trust managed to exist in some cases even without the full identity revelations that some used as part of how they built trust. So I have to agree your whole approach seems rather suspect really. All that is before getting to the big point others have harped on that once you have a game, you can talk about having it accept bitcoin, but until you actually go get your game built there really isn't anything to talk about adding the accepting of bitcoin to. At least with my own (meta)game crypto is pretty fundamental which since ultimately all the cryptos rest upon bitcoin means bitcoin is fundamental. (Bitcoin is actually assumed in the Galactic Milieu to be the currency of the most advanced civilisation, the Hackers, whose technology is sufficiently advanced as to most likely be "indistinguishable from magic". It is they from whom the Martians, and thence various other Milieu civilisations, got blockchain technology and it was via Milieu agencies preparing the planet known as Earth to join the Milieu that the agent pseudonymously known as Satoshi introduced bitcoin to Earth...) -MarkM-
|
|
|
freiexchange, coinex has no trading volume, so trading there is risky. That's why binance listing is necessary.
After all these years how much impact have you managed to have on the trading volume at FreiExchange? My own experience market-making on a small scale leads me to think that even just all by yourself you probably ought to have been able to have a noticeable impact, and of course if anyone thinks as you do, that is, that more volume is needed, and also acted upon that thought, between the lot of you you ought to have been able to build at least enough volume to adequately service one-another's trading-NMC needs. Namecoin is one of the classic ancient grass-roots free-open-source crypto projects, instead of going begging to the venture capital community or whatever it seems to me to make sense to simply pull your weight as a member of the community, you might be surprised how much difference you can actually make... Unfortunately I am currently already occupied on FreiExchange building the order-books for IXCoin and I0Coin so might be a while before I can jump in to help but in all these years I haven't looked yet at NMC but would expect it is already much higher volume there than IXCoin and I0Coin simply because it presumably has a more active community? - MarkM-
|
|
|
Pumping is slow with these "pump but no dump" coins, it does look like we maybe have re-absorbed most of the coins lost and stolen and hacked over the years from fly by night exchanges and so on, but still it seems a good idea to build our buy-sides dense and strong in case there are some dumpers still out there; no point building weak skinny columns of buy offers too far up just to have them trashed by a heavy dump. So nowadays we say build your buy side at least twice as "dense" as your sell side, especially toward the bottom, and since we are still so very near the bottom with both I0Coin and IXCoin it has been looking like 10 to 20 times as dense on buy side than sell side has seemed wise. The idea being that even if we are done with absorbing the dumping of all the stolen hacked etc coins we still could have dumpers out there so we might as well build strong enough to absorb all those nice cheap coins they dump nice and fast and easy and do our "ratcheting upward" of the price in strong solid columns of buy offers rather than skinny weak columns... As usual though IXCoin seems to be getting most of the attention so far, it has always been strange to me that it gets so much more action than I0Coin does despite I0Coin arguably being the better of the two in a number of ways. - MarkM-
|
|
|
It seems to be doing just fine on FreiExchange, starting to get a not so horribly weak buy-side built up for it... What has always puzzled me though is why IXCoin always seems to get so much more attention than I0Coin, when I0Coin is in many ways the better coin of the two? Like right now IXCoin is still giving miners a whole coin per block from its recycling reward pool isn't it? Or has that run out? While I0Coin's block reward is a small fraction of a coin, so in principle there should be less I0Coins coming onto the market per day making it easier to keep up with its inflation and build its value upwards? Also I0Coin of course has faster blocks too, which a lot of users supposedly prefer. - MarkM-
|
|
|
|