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1521
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Other / Archival / Re: [ANN] [ILT] Intellect | X11 | 3650% Annually
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on: March 25, 2015, 01:30:46 PM
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There were too many people(and some services) yesterday that was not updated. So chain of blocks belonged to old client become longer and had more chaintrust, than a newer one.
To prevent potential losses we decided to move back to old wallet for awhile.
Now we compiled new wallet and we will send alert which will forbid work of services and exchanges.
Regardless, that old wallet will accept new blocks(but new wallets wouldn't accept blocks generated by old wallets), it is strongly suggested to update your wallets. Otherwise you can loose your money, froze transactions and so on. 
proves the loudest mouths on this forum aren't necessarily the spokes people of the majority. |
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1523
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Other / Archival / Re: [ANN] [ILT] Intellect | X11 | 3650% Annually
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on: March 25, 2015, 09:23:35 AM
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Is this means today Intellect is still staking with 10% per day? It's would be great but the price of Intellect still going down  Where could the price of any currency that increases total number of coins in circulation by 10% every day go but down? How can it possibly go up except you find 10% more people every day to invest in that currency? Inflation that big is a formula for disaster. why would you need to find 10% more people? also you seem to assume everyone sells as they stake, when compounding interest of 3650 % is a huge incentive not to sell. you should always think of these things in terms of total marketcap price rather then individual price. if your total marketcap goes up in price then all holders wealth is increasing, all that you have to do is prevent the price fallening at a greater rate then the stake %....and thats not hard to do....again mmxiv is a good example of the potential of it to work. well i know dare well 3650% makes this coin worth the gamble.....10% pa just makes it another waste of space. |
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1528
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Alternate cryptocurrencies / Altcoin Discussion / Re: LTC good investment?
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on: March 24, 2015, 04:28:11 PM
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100% agree with coblee, we're building a currency here not a spaceship to mars. and the lead dev of litecoin Warren and the dev team are still constantly working on updates to/maintaining the clients etc coblee is more referring to extreme core changes most other alts seem to be working on purely for the ol 'innovation' pump. now if you could read and follow you'll note I pointed out this statement by you "That seems to be what is happening. Perhaps a lesson can be gained by understanding this tragic descent into irrelevance." as the FUD  |
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1530
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Other / Archival / Re: [ANN] [ILT] Intellect | X11 | 3650% Annually
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on: March 24, 2015, 04:17:10 PM
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let me spell it slowly, link to client on for your new dumbass fork? or is it that dumbass just .exe (which in itself is dumb given the latest mal uploaded to various coins not in the op) labelled the same as the old  , link posted over and over in this thread  |
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1533
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Other / Archival / Re: [ANN] [ILT] Intellect | X11 | 3650% Annually
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on: March 24, 2015, 04:11:19 PM
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SOON missing something? is that a new exe? labelled the same as the old exe are we like mind reader.....not the whole forks not the dumbest of dumb moves but anyways (least my mmxiv is still kicking butt). |
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1535
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Alternate cryptocurrencies / Altcoin Discussion / Re: LTC good investment?
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on: March 24, 2015, 05:27:08 AM
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I don't think anyone is going to deliberately kill LTC, it is just kind of fading away.
That seems to be what is happening. Perhaps a lesson can be gained by understanding this tragic descent into irrelevance. na statements like this arent spreading FUD at all are they mircroguy well atleast goldcoin will never descend into irrelevance......as its never had a time of relevance to lose  |
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1536
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Alternate cryptocurrencies / Altcoin Discussion / Re: LTC good investment?
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on: March 24, 2015, 12:29:41 AM
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This is a problem where people are just mining when there is hype surrounding a coin so they can make a quick buck. If people cared about the coins they would stick around, look at dogecoin that thing blew up was all over the news and everything and look at it now it is way smaller than it once was.
The winners I feel will be those that gain traction with the general consumer. I don't think a coin named after cheap beer and low-tar cigarettes is well equipped to attract widespread consumer adoption. Further complicate the matter by adding a developer that thinks the coin has reached maturity and needs no further development, and you have a recipe for stagnation and future decline. again microguy stop taking coblee's words out of context to spread FUD. coblee simply doesn't want panic so called 'innovative' changes to litecoin like all those other alts that do it simply to pump n dump. litecoin actually has decent liquidity unlike your goldcoin which has basically no liquidity except when either you or someone who's not even a fan of your coin buys  |
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1537
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Other / Archival / Re: [ANN] [ILT] Intellect | X11 | 3650% Annually
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on: March 23, 2015, 04:36:09 PM
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Poll is completely invalid, question was set to lead people to agree with what the poll writer wanted; ffs dumpest leading poll question ever "Coin will work with current settings - then downtrend - and death."
Hardfork to 10% PA will kill quicker then leaving as is.
can you enlighten us what led you to such a conclusion? I can name quite a few coins with the PoS rate of order of 10% p.a., yet I know none with such a hyperinflationary rate. What would keep the price afloat, if such hyperinflation would be kept? some people such as I bought in because of the 3650%. at 10% i'd bail, as for hyperinflation, (well don't get me start on people understanding of inflation around these parts), but in this game as long as the price doesn't fall by greater then the % pos you do ok, an example of one working out; mmxiv has done me brilliantly so far well, do your homework and do some calculations: 5k was the price when the mining ended and hyperinflation started. 3650% is the inflation rate p.a., and the higher rate lasted much less than that so far. Price nevertheless already eroded to 700 satoshi (7 fold). i'm pretty damn good at the math, but you're calling the shots in less then a month, they'll be periods when you lose and when you win if you have patient, not because this coins any good simply cause most the forum sucks at math worked well for me in other high stakes. drop it too 10% and they'll be no reason for any of us to keep our bets on. it'll just fade into obscurity like most the crap around here. |
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1538
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Other / Archival / Re: [ANN] [ILT] Intellect | X11 | 3650% Annually
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on: March 23, 2015, 12:11:43 PM
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Poll is completely invalid, question was set to lead people to agree with what the poll writer wanted; ffs dumpest leading poll question ever "Coin will work with current settings - then downtrend - and death."
Hardfork to 10% PA will kill quicker then leaving as is.
can you enlighten us what led you to such a conclusion? I can name quite a few coins with the PoS rate of order of 10% p.a., yet I know none with such a hyperinflationary rate. What would keep the price afloat, if such hyperinflation would be kept? some people such as I bought in because of the 3650%. at 10% i'd bail, as for hyperinflation, (well don't get me start on people understanding of inflation around these parts), but in this game as long as the price doesn't fall by greater then the % pos you do ok, an example of one working out; mmxiv has done me brilliantly so far |
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1539
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Alternate cryptocurrencies / Altcoin Discussion / Re: LTC good investment?
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on: March 23, 2015, 08:35:05 AM
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Current LTC price is low, because people with ASICs are selling it low. This is one of the main reasons. Other main reason are scams (from which Bitcoin suffers as well). People are distracted for a coins with "innovations". Just look on the posts when some new coin is launched. Almost everyone is asking for innovations and roadmaps. Most of the people are saying: "Nah, LTC is old.. go for "anothershitcoinwithfancylogoandpromises" and get rich in 2 days.". This is going to change sooner or later. We are not in November/December 2013 and people will understand that cryptocurrencies exist because of the coins mentioned above. Yes, there will be couple of more which will slip through with them, but most of the rest will just die, because people are launching/following them only because of the fiat they can earn. Those people don't love cryptocurrencies... they are after the money. When you are doing business you need not only thinking about the profit, but to take care your "baby" as well.
innovation or bust trust (just a hint to why litecoin will likely outlive most other cryptos if they go mainstream). |
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1540
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Alternate cryptocurrencies / Altcoin Discussion / Re: LTC good investment?
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on: March 23, 2015, 08:33:43 AM
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I don't think anyone is going to deliberately kill LTC, it is just kind of fading away.
That seems to be what is happening. Perhaps a lesson can be gained by understanding this tragic descent into irrelevance. well what does it say to you that the largest holder of your goldcoin only holds to make more litecoin |
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