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Author Topic: [ANN] Ħ [HODL] 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.  (Read 436183 times)
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Billyboy4022
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June 25, 2016, 08:28:05 AM
 #2501

I want to draw everybody's attention to 2 motions on Nutocracy.

It's still very early stages, but these motions have the potential to cause very big changes to HOdlcoin -

We HOdl that the block reward should be reduced
https://nutocracy.herokuapp.com/arguments/that-the-block-reward-should-be-reduced

- This motion seems to be a general statement of intent without specifics on how or when it should be achieved.

We HOdl that the block reward should be reduced to 5 HODL as soon as possible
https://nutocracy.herokuapp.com/arguments/that-the-block-reward-should-be-reduced-to-5-hodl-as-soon-as-possible

- This motion includes a specific figure, and a timeframe, but is more controversial - 50/50 at the moment.

I encourage all stakeholders to get involved in the discussion and voting on this matter.

the only reason why user want a coin to decrease the rewards is because they are large early bagholder  and want it to be harder to mine the same amount of coin thus making the price go up .

I personly think we should leave it , anyone coming into HODL at a later stage will feel cheated for earning less then what us early miner where getting.

history also show  when you change the main thing of a coin . block rewards , time , mining algo ...... it normally kill the coin ....

If you change the reward , why don't we just make it 100000% interest per year .... and change every thing about the coin ...  Huh
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SushiNoTomato
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June 25, 2016, 10:10:00 AM
 #2502

Just hodl your nuts, even when all that interest and nuts have been accumulated and sold then that interest on those nuts you wont be able to get again.....

The ones that hold and don't sell once they have been dumped on are not bagholders or in this case nutholders but smart cookies as they are also the monster.

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June 25, 2016, 10:15:17 AM
 #2503

HOdled nuts have the same voting power as spendable ones?

Only HOdled nuts have voting power. Theory is that HOdlers will make better longer term decisions.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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June 25, 2016, 10:17:54 AM
 #2504

I'm having trouble voting. I have no trouble revealing my preference or address so here goes:

I go here
https://nutocracy.herokuapp.com/arguments/that-the-block-reward-should-be-reduced-to-5-hodl-as-soon-as-possible

Copy
We HOdl that the block reward should be reduced to 5 HODL as soon as possible
No extra space, no fullstop

Click sign message on wallet, choose my address with the most coins

Paste the message, sign it, copy the signature and paste it on the site

signature
INY4XOCrYOOSOmad7eCfg4y5RbBC8Bj3Pz40mKEcCFRBT7S68p51tzod8UyMxg4HHxscQjErsQwONUc WsAWbx/E=

error message
Signature not accepted. Either it is invalid or your HOdlcoin address (HEU3raH5H1zytoeXiSVWxQef4gYiQziS3T) is empty.

Address I actually signed with
HDDTmwU2SVhBzHtj894H8iQtiMguiNMnu4

What is wrong?

It might be that you're not using a recent enough version. I had to make some changes to the signature code to support Nutocracy, so you need the very latest code -

3. Only the latest source works for signing statements. Current builds do not work - you'll need to compile the latest yourself, or if you use windows, you can use this binary that I made earlier.
https://drive.google.com/open?id=0B-5Ax5kejTpMLVdaVUNjZVpmZDQ

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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June 25, 2016, 10:20:27 AM
 #2505

the only reason why user want a coin to decrease the rewards is because they are large early bagholder  and want it to be harder to mine the same amount of coin thus making the price go up .

I personly think we should leave it , anyone coming into HODL at a later stage will feel cheated for earning less then what us early miner where getting.

history also show  when you change the main thing of a coin . block rewards , time , mining algo ...... it normally kill the coin ....

If you change the reward , why don't we just make it 100000% interest per year .... and change every thing about the coin ...  Huh

Changing the mining rewards is pretty radical, but the coin has been losing value and interest - I think if some radical action isn't taken, the coin will die.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
bspus
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June 25, 2016, 10:30:22 AM
 #2506


It might be that you're not using a recent enough version. I had to make some changes to the signature code to support Nutocracy, so you need the very latest code -

3. Only the latest source works for signing statements. Current builds do not work - you'll need to compile the latest yourself, or if you use windows, you can use this binary that I made earlier.
https://drive.google.com/open?id=0B-5Ax5kejTpMLVdaVUNjZVpmZDQ

I was trying with the standard wallet. I just voted successfully with the one in your link. Thanks

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coinstash
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June 25, 2016, 10:45:03 AM
 #2507

Changing the mining rewards is pretty radical, but the coin has been losing value and interest - I think if some radical action isn't taken, the coin will die.

I don't see that as an effective solution. The bot miners don't care how their selling affects the coin, so even at a lower reward they would still dump coins.

There are two major events happening soon that _should_ improve things:

1. The BTC halvening will be finished, and
2. Some HOdled funds should start maturing, since early HOdlers stashed some of their nuts for 6 months.

The first will free up funds that people are currently throwing at Bitcoin with abandon. The second will increase the market capitalization, thus making us more visible on the charts.

Patience my friend.

HOdlcoin tip jar: HHodLxkjawXxt86EnDB1i8hCxkC4exGvab
HarryPorter
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June 25, 2016, 10:59:14 AM
 #2508

any faucet for this coin?
is there is any other way to get some HOLDs besides mining and buying them on exchange?

I am holding some little bags since 14/02/2016 , maturing works fine for me, but thinking to make bags bigger as I am long term holder man.

http://bitcoin.1free.eu/ - site for fun, will evolve in future.
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June 25, 2016, 12:13:19 PM
 #2509

I want to draw everybody's attention to 2 motions on Nutocracy.

It's still very early stages, but these motions have the potential to cause very big changes to HOdlcoin -

We HOdl that the block reward should be reduced
https://nutocracy.herokuapp.com/arguments/that-the-block-reward-should-be-reduced

- This motion seems to be a general statement of intent without specifics on how or when it should be achieved.

We HOdl that the block reward should be reduced to 5 HODL as soon as possible
https://nutocracy.herokuapp.com/arguments/that-the-block-reward-should-be-reduced-to-5-hodl-as-soon-as-possible

- This motion includes a specific figure, and a timeframe, but is more controversial - 50/50 at the moment.

I encourage all stakeholders to get involved in the discussion and voting on this matter.

I am a newbie, but it seems with so many people mining it will be difficult to mine many coins if the block reward is reduced.
nyteo
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June 25, 2016, 12:19:16 PM
 #2510

im hold my hodl when up?
Byte16
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June 25, 2016, 12:33:00 PM
 #2511

I think changing reward can't help this coin since more than half of new HODLs is produced by hodlers not miners.

peres
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June 25, 2016, 04:55:20 PM
 #2512

I have put all my coins into 12 month deposit
Caladonian
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June 25, 2016, 05:01:05 PM
 #2513

I have put all my coins into 12 month deposit
good for you at least you would not be bother if what ever happen in any movement this coin will take
as you are going to wait for your investment to grow better believe that this coin will go big it is just
a simple beginning. good luck

peres
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June 25, 2016, 05:06:32 PM
 #2514

I have put all my coins into 12 month deposit
good for you at least you would not be bother if what ever happen in any movement this coin will take
as you are going to wait for your investment to grow better believe that this coin will go big it is just
a simple beginning. good luck
Yes thanks good luck to you too. I am a newbie but right now you are still getting about 2000% for 12 month investment. Why sell your coins for a few dollars. If the developer can build popularity for this coin it will have a great future.
arseaboy
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June 25, 2016, 05:08:43 PM
 #2515

I have put all my coins into 12 month deposit
good for you at least you would not be bother if what ever happen in any movement this coin will take
as you are going to wait for your investment to grow better believe that this coin will go big it is just
a simple beginning. good luck
Yes thanks good luck to you too. I am a newbie but right now you are still getting about 2000% for 12 month investment. Why sell your coins for a few dollars. If the developer can build popularity for this coin it will have a great future.
wow is this for sure? I guess if the dev can make this happen much many investors will come and ride with it, I hope these moves that you just made will bring fortune for you I'm just doing some trade for this coin because until now I cant see the clear path for the future of this  coin.

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peres
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June 25, 2016, 05:23:10 PM
 #2516

I have put all my coins into 12 month deposit
good for you at least you would not be bother if what ever happen in any movement this coin will take
as you are going to wait for your investment to grow better believe that this coin will go big it is just
a simple beginning. good luck
Yes thanks good luck to you too. I am a newbie but right now you are still getting about 2000% for 12 month investment. Why sell your coins for a few dollars. If the developer can build popularity for this coin it will have a great future.
wow is this for sure? I guess if the dev can make this happen much many investors will come and ride with it, I hope these moves that you just made will bring fortune for you I'm just doing some trade for this coin because until now I cant see the clear path for the future of this  coin.
Yes this is for sure. Today I put 3800 coins into 12 month deposit and when it matures in 1 year I get 75 000 coins. Here is the link that explains how to do it in your wallet  https://github.com/HOdlcoin/HOdlcoin/blob/HODLCoin0.11.3/doc/README.md#term-deposits    I am a newbie but it looks like a great deal to me Good Luck
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June 25, 2016, 07:50:53 PM
 #2517

What is with this colour what the hell...... It's not a colour of a nut so why would you use it, it has made me blind, it looks like the colour of piss, poisoned....he........llllllllp

I'm stuck in a room and there is a man outside trying to get in, he has an axe and made a hole through the door just before, he popped his nut of a head through and said "Here's Johnny"........

I vote for Nutxit, hodl needs to exit just like Britains Brexit from a controlling support team.....

Voting on nutnodes sounds like a good idea, can't wait to get my nutrode on Cheesy
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June 26, 2016, 12:33:08 AM
 #2518

I want to draw everybody's attention to 2 motions on Nutocracy.

It's still very early stages, but these motions have the potential to cause very big changes to HOdlcoin -

We HOdl that the block reward should be reduced
https://nutocracy.herokuapp.com/arguments/that-the-block-reward-should-be-reduced

- This motion seems to be a general statement of intent without specifics on how or when it should be achieved.

We HOdl that the block reward should be reduced to 5 HODL as soon as possible
https://nutocracy.herokuapp.com/arguments/that-the-block-reward-should-be-reduced-to-5-hodl-as-soon-as-possible

- This motion includes a specific figure, and a timeframe, but is more controversial - 50/50 at the moment.

I encourage all stakeholders to get involved in the discussion and voting on this matter.

Think this unfair mining destribution and the lack of buypower with the dead markets is still a problem

So i voted yes.

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June 26, 2016, 05:09:15 PM
 #2519

Nutocracy is a mistake just like having a brexit referendum.

The two biggest motions are to reduce the block size because the exchange price is dropping.
That makes no sense at all. I presume the premise is that cutting the block size will reduce inflation
but the real cause of inflation is high interest rates. In a short time the supply increase from maturing TDs
will overtake that from mining and the supply from mining will become trivial.

High inflation is an inherent part of Hodl due to its extremely high interest rate. One HOdl today will be
20 HOdl in a year. To have the same value the exchange rate will have to drop proportionally. It is inevitable
the price will drop and continue to drop as TDs begin to mature and add to the coin supply.

Democracy doesn't belong in business. Competition takes care of consumer choice. Decisions made by nutocracy
is the bigger threat to the survival of HOdl based on the quality of the motions so far.

I've mentioned it before, the focus needs to be on the features that make Hodl unique. With hundreds of other coins
to comptete with it's the only way to survive. And the lack of interest in improving the user experience with TDs is
very disappointing.

After a quick start the whole project appears to be stuck in the mud with no sense of direction.

cpuminer-opt developer, https://bitcointalk.org/index.php?topic=1326803.0
BTC: 12tdvfF7KmAsihBXQXynT6E6th2c2pByTT,
ETH: 0x72122edabcae9d3f57eab0729305a425f6fef6d0
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June 27, 2016, 04:59:20 AM
 #2520

Nutocracy is a mistake just like having a brexit referendum.

The two biggest motions are to reduce the block size because the exchange price is dropping.
That makes no sense at all. I presume the premise is that cutting the block size will reduce inflation
but the real cause of inflation is high interest rates. In a short time the supply increase from maturing TDs
will overtake that from mining and the supply from mining will become trivial.

High inflation is an inherent part of Hodl due to its extremely high interest rate. One HOdl today will be
20 HOdl in a year. To have the same value the exchange rate will have to drop proportionally. It is inevitable
the price will drop and continue to drop as TDs begin to mature and add to the coin supply.

Democracy doesn't belong in business. Competition takes care of consumer choice. Decisions made by nutocracy
is the bigger threat to the survival of HOdl based on the quality of the motions so far.

I've mentioned it before, the focus needs to be on the features that make Hodl unique. With hundreds of other coins
to comptete with it's the only way to survive. And the lack of interest in improving the user experience with TDs is
very disappointing.

After a quick start the whole project appears to be stuck in the mud with no sense of direction.

Thanks joblo,

I think you argue your case well and outline the risks of taking action to try to stem the dumping from mining.

I agree that there are risks from taking radical action like empowering Nutocracy motions, and reducing coin supply - but I think the bigger risks are from allowing the price and market cap to continue to fall in the short term as it may never recover. The majority of HOdlers seem to agree, with only 18,000 HODL being voted against the motion to reduce the block reward -

https://nutocracy.herokuapp.com/arguments/that-the-block-reward-should-be-reduced

On your other points, I'd say sharehodler votes are a big part of business and Nutocracy is a Nutocracy rather than a Democracy. We've seen in Bitcoin how stakehodlers cannot even agree on the most minor of changes even with overwhelming support - Nutocracy can set a precedent on how to agree changes and when change become necessary in the future, we have a way to do that without a Bitcoin-style civil war - this may be one of the unique features we can focus on.

I also share your disappointment that no-one has yet contributed their time, energy or money to improve the user experience with the TD GUI in this open-source project. However it is early days.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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