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1921  Alternate cryptocurrencies / Altcoin Discussion / Re: [eMunie] eMunie Tech & General Q&A Thread - Get Involved on: November 19, 2013, 11:19:23 PM
I have a question about the demand based supply, as I'm sure other potential investors do too. If the point of the demand based supply is supposed to keep the price stable and avoid minimal fluctuations (correct?) what do I stand to gain from taking a big risk and investing my money by buying the currency? If the price is designed to remain stable how do I justify the lack of big potential payoff for the risk of investing?

As we all know in the early stages for a crypto currency actual usage for products and services is extremely limited and adopters are mostly drawn in by the investment potential. Once enough investors have been drawn in the coin gains critical mass and then there's enough people holding the coin to make it worthwhile for services to accept payment for it etc. This is what happened with Bitcoin and is happening with Litecoin.

Interested to hear your thoughts on this. My take on it is that you should not introduce a system to stabilise the price until after the coin has been very well distributed amongst adopters... Or perhaps incrementally increase the strength of the stablisation process... so the effect doubles in strength every interval.
1922  Alternate cryptocurrencies / Altcoin Discussion / Re: litecoins is it going up or down? on: November 17, 2013, 01:10:05 AM
Lots to look forward to: mtgox, btcchina, coinbase. Bitpay have said they will consider being a payment processor for litecoin once a major exchange like mtgox or bitstamp launch litecoin trading. Development team for litecoin looking very strong and further differentiating litecoin from simple clones that add nothing. Lots of media exposure for litecoin and it's well known now as the number 2 coin to the newcomers flooding into the market. I expect great things in the next 12 months, with growth outperforming Bitcoin percentage wise considerably.
1923  Economy / Securities / Re: [MCXNOW IPO] : 11,000 BTC raised [ UPDATE : OVER! ] on: November 17, 2013, 12:36:01 AM
Look today at how much the trading volumes are now for the coins:

Litecoin: 29BTC
Primecoin: 29BTC
Peercoin: 3BTC
Feathercoin: 2BTC
Mincoin: 2BTC
Solidcoin: 3BTC
Devcoin: 2BTC
Worldcoin: 353BTC <-- only coin with good trading volume
Copperlark: 1BTC

That is a substantial drop compared to the period when the funds were being raised.

It makes you wonder whether the trading volumes were pumped by the site owner to make the site appear more profitable than it really is?
1924  Alternate cryptocurrencies / Altcoin Discussion / Re: [eMunie] eMunie Tech & General Q&A Thread - Get Involved on: November 15, 2013, 11:33:03 PM
When eMunie launches how many coins will be in existence? How many of these coins will you own yourself? And what is the estimated amount of coins in existence one year after launch? (just very roughly, or provide bounds).

Good question and I'll finally be able to clear up all this "insta-mine" talk Smiley

Due to eMunie's unique supply & demand model, an initial system balance (or float) is required to ensure fairness of the system initially from speculators and individuals whose only goal is generate large profits.

Additional to the above, eMunie will feature the worlds first true Peer 2 Peer distributed exchange & marketplace. This exchange & marketplace also requires an initial system balance be present to ensure that the stability of an eMu's value can be ensured, even when large buy or sell activity is present at any particular time, whilst still allowing individual unit value to appreciate steadily and predictably over time.

The supply model and exchange are closely integrated as both systems use information from the other to determine what action they should be doing at any one time. 

An example:

Assume there are only 100 eMu in existence, and I own them all.  You wish to obtain some eMu so you place a buy order on the exchange for 100 eMu at whatever the current rate is (doesn't matter for this example).  I am not selling my eMu, so there is no eMu available for you to buy, the exchange system recognizes this, so creates a demand signal and passes that to the supply system.  Save for the technical details, the supply system will create that 100 eMu over time and distribute it to stake holders, which is me in this example, and Hatchers.

In this example, there are no transactions happening so the Hatcher's would not receive any of the new 100 eMu supply as earnings bonus, so all 100 eMu would end up with me.  I have just made 100% profit, or more accurately, 100% interest, and supply overall is at 100% inflation.

If I do not sell those eMu on the exchange, eventually I will receive another 100 eMu again and again providing that your 100 eMu buy order is still there.

---

By having an initial quantity of eMu at launch, it dampens this effect for the short term, and over time, the natural spread of eMu around the system would ensure that all is fair and balanced.

It would be possible to create this initial system balance and allocate it entirely to an account in eMunie's control and we then sell those eMu on the exchange, perform giveaways and whatnot; however by doing so this would levy control of a large portion of the total eMu supply to a single entity for an unknown period of time.

One of eMunie's main goals is that it should be a decentralized currency, thus adopting the above approach would call that goal into question as eMunie/I would be able to abuse and drive the market price to where ever we wished it to be.

As the system needs this initial base of currency to "kickstart" it we have decided that this initial system balance should be distributed around as many accounts as possible, with the fairest way to achieve this being by way of a pre-launch purchase of eMu.  This will serve as both the system start point, and will allow us to raise additional funding to my own to push development and adoption over the coming 12 months.

Upon launch eMunie (us) would have zero eMu balance, I myself will allocate a small percentage of the total amount in the system at launch for my efforts over the past year and to use as a form of recouping my expenditures, with the view point of what I have spent on eMunie in those 12 months in my pre-launch buy in.  Of course if interest is low, then I wont end up with very much at all Smiley

I can't really give any solid estimates on what the start supply will be, as we haven't performed the pre-launch sale yet.  We will be announcing this officially soon, but until then it is a question I can not really answer as I have no indicators to determine what it may or may not be.

Growth over the first of course depends totally on demand for eMunie...if there is little demand, then low volume of eMu will be created and vice-versa.  The system tries to manage & regulate inflation along with market value as best as it can so that both growth and value are predictable over time.   I will be purchasing eMu from the exchange for the system to work with to help meet these goals post-launch.

I hope that answers your question Smiley



Thanks for the detailed reply.

1925  Alternate cryptocurrencies / Altcoin Discussion / Re: LTP RIP 2013 Now about to go to $0.00 Find out why CLICK HERE on: November 15, 2013, 09:13:07 PM
if you WHO-IS look up ltcpp.net, you will find tibanne...

if you didnt know tibanne is MTGOX.

now ill leave you to imagine the repercussions this means..

Research harder
1926  Alternate cryptocurrencies / Altcoin Discussion / Re: [eMunie] eMunie Tech & General Q&A Thread - Get Involved on: November 12, 2013, 09:52:52 PM
When eMunie launches how many coins will be in existence? How many of these coins will you own yourself? And what is the estimated amount of coins in existence one year after launch? (just very roughly, or provide bounds).
1927  Alternate cryptocurrencies / Altcoin Discussion / Re: What altcoin should we be buying now for greatest ROI? on: November 12, 2013, 06:52:14 PM
ITT: people recommend the coins they are invested in.
1928  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: November 11, 2013, 09:06:23 PM
These exchanges are a joke, run by clowns who decide randomly on contract breaches and misconduct, like btct. Who flagged Labcoin but not all the other securities. 

Not defending labcoin here, but what part of the contract are they breaching?  Ohh let me guess cryptostocks, them not communicating? Which isn't part of the contract?  Ohh wait a better one not paying dividends for 10 days, guess what in the contact its dividends every 2 weeks, so they aren't breaking that either.

Labcoin sucks balls, but so do these exchanges run by complete morons.

There's no regulation what do you expect.
1929  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: November 09, 2013, 04:24:25 PM
So what is the summary of all this? Are we in confirmed scam territory?
1930  Alternate cryptocurrencies / Altcoin Discussion / Re: [TEASER] eMunie 0.9.6 Screenshots on: November 08, 2013, 11:18:05 PM
Seems interesting, but if its not open source it won't be any good.

Lol you are going to eat those words




Seems interesting, but if its not open source it won't be any good.

It's also going to be heavily pre-mined. And if you read the forums they don't want people to be able to make a lot of money off it by buying it when it's new (demand based supply).

You razor sharp insight into the inner workings is amazing. Tell me though, in your hours upon hours of reading, how did you miss that there is no mining and the all pleasant, this isn't another scam coin commodity?? You want to pump and dump on the troll box then keep fucking walking.

You can phrase it however you want but you are touting this alternative currency on a Bitcoin discussion forum; Bitcoin of course being built upon with fair and open source concepts. People who join this community tend to hold similar viewpoints. Which is why historically alternative currencies which are closed source or do not have a fair start (owner keeping a hoard of the coins for themself) are shot down and 'trolled' hard.

Please don't get on your high horse to me about pump and dumps and other annoying and misused terms. You yourself are a founding member of Emunie hoping to receive Emu from Fuseleer by kissing his ass so it therefore makes yourself look rather idiotic that you try to berate me for criticising the investment potential.
1931  Alternate cryptocurrencies / Altcoin Discussion / Re: litecoin dead ? on: November 08, 2013, 07:09:14 PM
Only 0.001% of the world now about bitcoin
When 50% of the world will know bitcoin
5% will know Litecoin
Don't you guys think big investors will want to invest in litecoin as well?
Don't you guys think that some millionaires will want a big part of the next big digital coin so they can lead the market?
Eventually most merchants using bitcoin may as well adapt litecoin. Think of the possibilities If mt.gox and bitstamp jump in Litecoin. Do merchants lose anything if they sell in litecoin? Why not give people a choice?
Why not adapt ATM's to litecoin?
Its like "gold" and "silver"

Do you seriously think LTC will stay at 5$ in the next 10 years?

Yes. Look at the bitcoin hardware wallet Trezor which is coming out soon. The development kits also support Litecoin (not other alt coin).

Or Coinkite.com, the recently launched Bitcoin Wallet, Merchant POS and card solution... they have launched with Litecoin support.

Or here: http://www.reddit.com/r/litecoin/comments/1pr0ss/good_news_neobee_might_use_litecoin/, you can see the big Neobee payment network launching in Cyprus in 2014 is considering having Litecoin support.

Why? Because Litecoin is bigger than all the other alt coin market caps added together several times. Millions of dollars of Litecoins get traded every week. It's known as the number 2 coin behind Bitcoin. All new money coming into the game take a look at bitcoin priced at $350 and then think is there a cheap alternative with potential and see Litecoin at $4...

Big things coming for Litecoin. 90% of the people who are anti-Litecoin are just scared Bitcoin holders Smiley
1932  Alternate cryptocurrencies / Altcoin Discussion / Re: litecoin dead ? on: November 08, 2013, 06:51:16 PM
It is fear. You also notice the same people in this forum and all they post is anti-altcoin comments or anti-litecoin comments in particular. I don't blame them or mind it I suppose, everyone is pushing their own agenda.

Wait, what? Now it's not the delusion that Litecoin will be relevant in any way, but you actually do think it's going to challenge Bitcoin in some way? That's really, really bold.

Again, users were better off selling litecoins when they stopped having any use, and just hold bitcoins. I'd have no issue buying into an altcoin that actually solves problems, or has valuables services around it. I don't see that going on.

It depends on your definition of the word challenge. I find it unlikely Litecoin will overtake Bitcoin's market cap but I predict it will make investors better percentage gains. When Litecoin goes on mtgox, I predict Bitcoin will crash and Litecoin will surge upwards. Do you disagree?

You know the Bitcoiners are getting scared just by the responses in this thread. You can almost taste the fear dripping off every sentence.

I'm telling you guys now, when Litecoin goes on Mtgox and Coinbase and btcchina etc Bitcoin is going to drop like a rock when investors realise what open source means and Litecoin will rise.
I personally think it's hilarious that the next generation of bagholders is excited about their investment.

Do you honestly think LTC has enough going to support it's current $100,000,000 market cap? Cheesy

I used to love talking to people like you on this forum when it was worth 5 cents Smiley
1933  Alternate cryptocurrencies / Altcoin Discussion / Re: litecoin dead ? on: November 08, 2013, 06:29:56 PM
You know the Bitcoiners are getting scared just by the responses in this thread. You can almost taste the fear dripping off every sentence.

I'm telling you guys now, when Litecoin goes on Mtgox and Coinbase and btcchina etc Bitcoin is going to drop like a rock when investors realise what open source means and Litecoin will rise.
1934  Alternate cryptocurrencies / Altcoin Discussion / Re: [TEASER] eMunie 0.9.6 Screenshots on: November 08, 2013, 06:26:59 PM
Seems interesting, but if its not open source it won't be any good.

It's also going to be heavily pre-mined. And if you read the forums they don't want people to be able to make a lot of money off it by buying it when it's new (demand based supply).
1935  Alternate cryptocurrencies / Altcoin Discussion / Re: PPCoin Difficulty on: November 08, 2013, 06:23:34 PM
It's not really anymore profitable than Bitcoin to mine on average (in dollar value) so that reason is illogical.
1936  Alternate cryptocurrencies / Altcoin Discussion / Litecoin Richlist - 2 free Litecoins for a newly updated list on: November 06, 2013, 08:10:46 PM
I'll send 2 Litecoins to anyone who computes a newly updated list of the richest Litecoin address , using a method similar to here(https://forum.litecoin.net/index.php/topic,608.0.html) or otherwise.

Thanks.
1937  Alternate cryptocurrencies / Altcoin Discussion / Re: Return to the Testnet? on: November 06, 2013, 06:39:14 PM
I do not understand, why would you suggest us mining the BTC Testnet?

Because he has loads of testnet coins and wants them to gain value or at least get put on an exchange so he can dump them.
1938  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: October 29, 2013, 08:10:51 PM
Irrelevant: they might decide to do anything for any random reason, so we shouldn't really care about what they "might" do.

I find your argument weak - "they could do anything therefore don't worry". Surely you recognise that some actions they take are more probable than others. And the introduction of a mechanism by which each client acts as a distributed exchange will certainly influence the probabilities assigned to future actions.

Anyway it's not possible to prevent colored coins from being implemented, there's much interest and they'll hopefully be sooner or later, so it's again even more irrelevant to worry about that.

This however I agree with. It's going to happen one way or the other. However I would prefer it to happen later when Bitcoin is further established and entrenched within the economic sphere rather than sooner at Bitcoin's current relatively early state of existence.
1939  Alternate cryptocurrencies / Altcoin Discussion / Re: litecoin dead ? on: October 23, 2013, 05:17:47 PM
The biggest bitcoin exchange in China Btcchina is owned by the brother of Coblee, the Litecoin dev.

Litecoin going on btcchina would be huge
1940  Alternate cryptocurrencies / Altcoin Discussion / Re: btct.co and litecoinglobal.com why have they shut down on: October 21, 2013, 09:34:41 PM
They didn't shut down because of any new laws. Fincen made it clear earlier in the year such sites would need the proper licences and bonds. And they take millions of dollars to acquire.
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