[ANN] The Game of [̲̅$̲̅(̲̅ιoo̲̅)̲̅$̲̅] GREED [̲̅$̲̅(̲̅ιoo̲̅)̲̅$̲̅]

[Greed Dev]

what about us poor guys who only have like 0.15 in the wallet?

mine has been staking for ages, has 1730 confirmations and it still says no mature coins 

Its a shame but its a problem with these low amount of coins, most wallets require at least one coin to stake. Buy more or sell before its too late.

Im not certain but I think the dev said some ppl have had less than a coin and staked eventually. He will have to weigh in on this or you will have to go through forums and find it.

I did say that but I was mistaken in that particular instance. The guy I was referring to joined two 0.5's to make a 1 input i believe.

[Bank_sy]

how many coins did dev stake?

[jc12345]

After looking at this coin it seems that whoever finds the first large POS block and gets it to the exchnge first will crash the market and take out all the buys. The money supply will then race up to 40m at a very fast speed and the coin price will follow suit inversely to the money supply growth and stabilize around 400-700 sats, maybe higher if the dev has proper roadmap and plans.

I think you are wrong, the first lot of POS blocks is only 1 million here extraction of OP and when big pos blocks will be:

❚█❚Market Accumulation Phase❚█❚
Block 2091 to 10999
1% Yearly

❚█❚Round 1❚█❚

Block 11000 to 11200
5,000 GREED
(+1,000,000 total)
            
Block 11201 to 11999
1% Yearly

❚█❚Round 2❚█❚

Block 12000 to 12200
10,000 GREED
+2,000,000 total

I dont think that I am wrong. Did you notice that the buy orders on Yobit over 500 sats is around 4 coins? What do you think will happen when the first 5000 block is found with POS? It will be placed on the market and not at anything close to 0.01 or higher. There will have to be a huge demand for the coins to buy those 5000 POS blocks coming in. 95%+ of people are in this for quick profit so the trick will be of how to unload the high POS blocks as quickly as possible at maximum profit. Since most people have the same objective the inevitable outcome will be greatly accelerated. People will place their 5000 blocks below each other and roll the price down. Best strategy with this one if you want to own it is to put your buy orders low in the suggested range. Those that buy outside the range will be losing their money to those that sell quickly. In addition, any holdings in excess of around 500k in the end will be worthless as there will not be a market for it - this is a difficult concept to grasp but if you do then good.

An analysis of round 1 of the high POS rewards indicate 200 blocks of 5000 each. Lets assume there are 125 holders with 1 coin each and that everyone stakes. This means that there is 1 stake each and some will get 2 stakes. In reality it does not work like this though and several people will not get any stake and several will get more than one.  However, as soon as the first of the 5000 blocks mature for staking, the large blocks will overpower the 125 initial coins and time to mature will increase almost to infinity for those. It becomes a gamble of if any stakes will be received or not and those that do not get stakes will have to buy coins on the market to stake.

Here is an analysis of the moneysupply growth. It shoots up from 125 to 40M in 10500 blocks or 7.29 days. I project its trading band in the region of 200-700 sats providing that coin management is legit and committed. It can go higher with proper roadmaps and plans and commitment over time or lower if the dev should bail. The time to get to that range will depend on the investor mix. If most investors have a long term objective it will take longer but if most investors have a short term quick profit objective it will get there quickly. My gut tells me the second option is true. Compare this to a tug of war competition will all the contestants pulling on the same side and no-one on the other side.

[johncassa]

Come on, only 400 blocks and the scam begins

[jc12345]

Come on, only 400 blocks and the scam begins

It will be a full speed run down a slippery slope - some will fall, some will be lucky, some will smile and some will cry, but should be interesting to watch.

[johncassa]

Come on, only 400 blocks and the scam begins

It will be a full speed run down a slippery slide - some will fall, some will be lucky, some will smile and some will cry, but should be interesting to watch.

This coin is a scam because the wallet with high balance of Greed not Stake. I think almost all the coins of DPos end up in the pockets of the Dev and will be able to manipulate the market as it wants.
And I think the same thing will happen to the second step of the DPOs.

The Dev is very very Greed !!!

[jc12345]

Come on, only 400 blocks and the scam begins

It will be a full speed run down a slippery slide - some will fall, some will be lucky, some will smile and some will cry, but should be interesting to watch.

This coin is a scam because the wallet with high balance of Greed not Stake. I think almost all the coins of DPos end up in the pockets of the Dev and will be able to manipulate the market as it wants.

The Dev is very very Greed !!!

I would not necessarily say it is a scam, just not properly thought through regarding economic principles. You got to hand it to the dev though that Greed has some interesting specs in the beginning up to end of dpos which should provide interesting data. After dpos it will be a coin with 40m distribution earning 10% POS per annum. It then becomes a matter of dev commitment to produce something with the coin. It does not really matter if the dev has many coins in this case.

[johncassa]

Come on, only 400 blocks and the scam begins

It will be a full speed run down a slippery slide - some will fall, some will be lucky, some will smile and some will cry, but should be interesting to watch.

This coin is a scam because the wallet with high balance of Greed not Stake. I think almost all the coins of DPos end up in the pockets of the Dev and will be able to manipulate the market as it wants.

The Dev is very very Greed !!!

I would not necessarily say it is a scam, just not properly thought through regarding economic principles. You got to hand it to the dev though that Greed has some interesting specs in the beginning up to end of dpos which should provide interesting data. After dpos it will be a coin with 40m distribution earning 10% POS per annum. It then becomes a matter of dev commitment to produce something with the coin. It does not really matter if the dev has many coins in this case.

Yes, you're right about this.

[Dexter12]

We getting closer to block 11000, just 112 blocks to go. let us see what will happen, i am curious.

[SIX3P0]

 This coin has been fraught problems due to the low coin total and the dev has kept working through them. 99% of these scam dev's would have dumped at first chance on yobit and bailed on coin(I was half expecting this). But he hasn't, hes faced it head on taking community input and answering all question layed out.

All those 0 blocks the dev has mined has made his 10 coins paid for now, and should not be considered pre-mined anymore. And he deserves our utmost respect. Calling him scam and greedy at this point is nonsense.

GREAT AMAZING job Dev, keep up the dedication and hard work

[jc12345]

This coin has been fraught problems due to the low coin total and the dev has kept working through them. 99% of these scam dev's would have dumped at first chance on yobit and bailed on coin(I was half expecting this). But he hasn't, hes faced it head on taking community input and answering all question layed out.

All those 0 blocks the dev has mined has made his 10 coins paid for now, and should not be considered pre-mined anymore. And he deserves our utmost respect. Calling him scam and greedy at this point is nonsense.

GREAT AMAZING job Dev, keep up the dedication and hard work

No one said the dev is a scam and I agree that he has done a good job to navigate through the issues so far.

[jimlite]

Here is why it IS A SCAM.
Dev says 4 hour maturation time.
I mined 1 coin and bought 1 coin yesterday.
I combined them at yobit and then sent them 1 each time to my wallet seperated by a
few hours. Well it has been over 18 hours and I have over 1000 confirms, AND
NO MATURE COINS YET FOR STAKING! 
WTF? It has been WAY OVER 100 confirms and 4 hours maturity time, yet I can't stake
the first round. This coin is broken or dev scam, either way it sucks.

[johncassa]

Here is why it IS A SCAM.
Dev says 4 hour maturation time.
I mined 1 coin and bought 1 coin yesterday.
I combined them at yobit and then sent them 1 each time to my wallet seperated by a
few hours. Well it has been over 18 hours and I have over 1000 confirms, AND
NO MATURE COINS YET FOR STAKING!  
WTF? It has been WAY OVER 100 confirms and 4 hours maturity time, yet I can't stake
the first round. This coin is broken or dev scam, either way it sucks.

...... that's what I always said but nobody believed me, I think only the stake of Dev works with the split of the coins

[andrepierre]

Here is why it IS A SCAM.
Dev says 4 hour maturation time.
I mined 1 coin and bought 1 coin yesterday.
I combined them at yobit and then sent them 1 each time to my wallet seperated by a
few hours. Well it has been over 18 hours and I have over 1000 confirms, AND
NO MATURE COINS YET FOR STAKING! 
WTF? It has been WAY OVER 100 confirms and 4 hours maturity time, yet I can't stake
the first round. This coin is broken or dev scam, either way it sucks.

This is difficult I done exactly the same than you and all my coins matured, well it is 25 blocks till block 11 000 so will let you know what happen.

[HammyCoin]

There's also the issue where if the coins aren't maturing within ~100 blocks,  the chain will freeze again because there won't be enough stake-able inputs to get us to the other side of block 11200.

[johncassa]

I have try to split my coins but after 30 hours and 1500 confirmations my wallet not stake.
I have transfer without split and the wallet stake after 5 hours and 300 confirmations. Now my stake weight is low to lack of time.
Only the privileged can do the splits on the wallet.

[jimlite]

I have try to split my coins in two wallet but after 30 hours and 1500 confirmations my wallets not stake.
I have transfer without split and the wallet stake after 5 hours and 300 confirmations. Now my stake weight is low to lack of time.
Only the privileged can do the splits on the wallet.

Should not matter, at least for me. I sent 1.1 coins to wallet twice for total of 2.2 coins in 2 inputs.
Over 1 coin should mature, and neither matured yet, over 12 and 18 hours each. Over 900 and 1100 confirms.
DEV?

[jc12345]

Why did you guys want to split at all?

[hack_]

CBigNum bnProofOfWorkLimit(~uint256(0) >> 24); // 0,000244140625 proof-of-work difficulty starting - test modification from 20 to 24 for higher starting POW diff 0.00390625
CBigNum bnProofOfStakeLimit(~uint256(0) >> 20);
CBigNum bnProofOfWorkLimitTestNet(~uint256(0) >> 16);

static const int64_t nTargetTimespan = 60 * 30;  // 30m
unsigned int nTargetSpacing = 1 * 60; // Greed - 1 minute blocks
static const int64_t nInterval = nTargetTimespan / nTargetSpacing;
static const int64_t nDiffChangeTarget = 1;

unsigned int nStakeMinAge = 4 * 60 * 60; // 4 hours
unsigned int nStakeMaxAge = 60 * 60 * 24 * 30;  // 30 days


unsigned int nModifierInterval = 10 * 60; // Greed - time to elapse before new modifier is computed  

int nCoinbaseMaturity = 20;

\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/

So, modifier is being calculated 3 times in one timespan....

[jc12345]

POW stopped properly.