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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HZ] Horizon Long + Fair Distribution|Decentralized Asset Exchange
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on: November 17, 2015, 06:53:09 PM
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getting more people involved and using the platform will need the price to go up alot
Not necessarily. There are a lot of use cases where the price of HZ doesn't matter, and even some where a low price is favorable. Liquidity is the major factor, more so than price. I would think that most use cases of HZ would require being able to exchange back and forth between other currencies/tokens with ease and minimal slippage. Again, not necessarily. HZ is a toolkit, and a low token price helps to issue assets or currencies and send them around, or cast votes. Assets and coins don't need to be tradable, for coins it's even possible to disallow it. The only one who needs a high price and liquidity is someone who wants to sell a bunch, for example crowdfunders. There are at least two external projects in the making that I'm aware of, where an asset/coin will not be created to be traded on an exchange. Bitnation and E-Estonia also don't offer monetary services (yet), but they use the blockchain for transactions. Of course liquidity IS an issue, but one that's also being worked on (i heard...) if Assets and coins don't need to be tradable how do i buy asset or coin or sell ?? bitnation uses hz for services so how do bitnation users get hz ?? folk want need higher price for more purchasing power in the future?? i did read in the slack that the hz foundation wants higher price or they go bust ?
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HZ] Horizon Long + Fair Distribution|Decentralized Asset Exchange
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on: November 17, 2015, 05:40:13 PM
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getting more people involved and using the platform will need the price to go up alot
Not necessarily. There are a lot of use cases where the price of HZ doesn't matter, and even some where a low price is favorable. Liquidity is the major factor, more so than price. I would think that most use cases of HZ would require being able to exchange back and forth between other currencies/tokens with ease and minimal slippage. Liquidity means bigger market cap hz cant go much lower so needs bigger price move up
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HZ] Horizon Long + Fair Distribution|Decentralized Asset Exchange
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on: November 17, 2015, 04:27:29 PM
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At long last, the next client update is available for the public! We have also added a .exe installer to make installing Horizon less of a technical hassle. Also, keep in mind that the latest version of Horizon will require you to update to Java 8. Please note that the installer does include JRE8 in it! This update will force a hard fork at block # 515,000 You will also need to update your nodes by this block to the current version to continue receiving bounties as long as distribution continues. We have a lot of other projects and news that will be dropping in the coming weeks to follow, so stay tuned to see what we have been working on all this time, and will be rolling out next. It's been a long time in the making, and we are very excited to finally release them to the public and focus on the next chapter for Horizon. With distribution near completion, our focus moving forward for Horizon will be getting more people involved and using the platform, with an emphasis on the foundation that was set up a couple months back. We will continue to update the client, but our focus now turns to getting more people involved, and exposure for the platform. The platform infrastructure, and long standing reputation of the project will serve as a basis for further asset development and new partnerships with businesses to take Horizon to the mainstream public. Thanks to everyone who has stuck around over the past year. Join us while we take the next step in the blockchain revolution. You can download it here: https://github.com/NeXTHorizon/hz-source/releases/tag/hz-v5.2getting more people involved and using the platform will need the price to go up alot
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HZ] Horizon Long + Fair Distribution|Decentralized Asset Exchange
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on: August 13, 2015, 08:39:47 AM
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I was one of the first fans of NHZ in April 2014. At that time NHZ was one of the first clones of NXT ad had a great distribution model. I had hoped that HZ could be an independent coin with its own unique features. Now, almost one and a half years later, I'm disappointed. HZ was characterized by lack of transparency, incompetence (cbkr) and marketing gibberish (Pizpie). Now, after the distribution is almost over, HZ is only a NXT clone and nothing else. I'm sorry for MaWo (one of the better software developers) and the other former NFD owners. It seems that the phoenix dies a second time. The establishment of "Horizon Foundation" yesterday was the last example that the devs make what they want. So you've finally lost my confidence. Were the 138 million HZ (15% of distribution), which got the founders, still too low? Additionally, 233 million HZ have flowed in any bounties, it is not known who got it. Only a third of the distribution has been paid to the node owners . Time to say goodbye. In my opinion HZ has no future. @pizpie whoops
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HZ] Horizon Long + Fair Distribution|Decentralized Asset Exchange
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on: August 12, 2015, 02:19:18 PM
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There's no other 50M left. The remaining funds are left for stakeholder and node bounties. Everything else that is paid out will come from the foundation account and will be phased with community votes. No need to worry that any coins would be dumped. (You guys should know better after all that time anyway) We're entering the last part of the distribution phase, and like we changed the way node bounties are paid, we also have to rethink the other means. The team invested tons of time to keep everything going, and received monthly payouts to compensate for that. We can't keep that running like it was in the last months, because combined with the seriously low price we'd run out of funds in no time. So everything is cut down now, the foundation will pay for projects, and we'll see how much the community valuates different tasks. That's not possible everywhere. Hosting cost is a fixed amount for example, there won't be any vote about that. It needs to get paid. This also means: The foundation will need to find ways to get fresh funds sooner or later. Prepare for even harder times And one note to those fudding about our intentions: HZ was founded 1 1/2 years ago, and all profits I made during this time were made through trading the ups and downs. I still hold more coins than I received through bounties (because of the HZx crowdsale and giving price support). If I could get out completely at the current price, I would have made a staggering 5000$. Nobody I know (maybe except the anon dev who created the genesis block) made any reasonable amount of money out of HZ so far. And I do know everyone who did something. I don't know if there's anyone out there, but if so, it wasn't someone who contributed something. i can see at least 6 contradiction can anyone beat 6
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