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[chessfan]

> There is a max supply, around 74 million

let me say so:
* this is the current setting in the wallet
* on wish of community this can also be changed (but for that: we need another poll with strong support, since it'd change fundamentals)

[1715258346]

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[1715258346]

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[robelneo]

> There is a max supply, around 74 million

let me say so:
* this is the current setting in the wallet
* on wish of community this can also be changed (but for that: we need another poll with strong support, since it'd change fundamentals)

You have done a great job, the current pos rewards is quite high if you are big holders of chesscoin you are running into a profit by just staking your coin and the temptation to dump your profit is always there,

if it can be changed I'm on it, if you looked at the roadmap at the first page, the dev admits that the pos percentage is not good but relies on the continuous development of the project to offset the very high POS rewards which unfortunately did not push through...

The ideal Pos reward for me is 5 to 10% if it is can be done it's good but you are right we need poll for this.

[Dek!]

Being a chess player myself I am interested in the project. I wonder what exactly is the use case of chesscoin?

Sorry if it's answered before.. I couldn't go through all 90+ pages.

[plr]

I am also a chess player but reading a lot from this thread, there seems to be a conflict on its supporters,that Ivan seems discouraging people to buy chesscoin now I have second thought of buying this coin, from all the others channels and threads that I'm gone through dev keeps telling supporters and community to buy their coin in support, but people here are telling not to buy..

whatever effort the new dev puts on chesscoin all will go through waste if some people will discourage buying this coin.

[ZzzzeyeZzzz]

@robelneo - ChessCoin is a very fast network and this includes 32% staking - if we get the speed then we should choose the possible low value for staking - but a developer has to decide what's possible... and we'll vote over it!  

@ Dek! - It's Blockchain technology and Chess - so what's possible with Blockchain and the Chess? The users decide what they want to do with it and what the developer can do with it… if you are interested then go through the pages...  

@plr - It's easy - do you think Blockchain and Chess is a logical thing? Then you should get involved and make the network stronger - and if you trust the network then you will also try ChessCoins...
Others advise against buying coins? Maybe buy these yourself?  

Best regards

[SevenTeenSeventySix]

> There is a max supply, around 74 million

let me say so:
* this is the current setting in the wallet
* on wish of community this can also be changed (but for that: we need another poll with strong support, since it'd change fundamentals)

You have done a great job, the current pos rewards is quite high if you are big holders of chesscoin you are running into a profit by just staking your coin and the temptation to dump your profit is always there,

if it can be changed I'm on it, if you looked at the roadmap at the first page, the dev admits that the pos percentage is not good but relies on the continuous development of the project to offset the very high POS rewards which unfortunately did not push through...

The ideal Pos reward for me is 5 to 10% if it is can be done it's good but you are right we need poll for this.

Reducing the POS to 5-10% is only good if a Maximum Supply is enforced! There can be 3 different supplies; Circulation, Total Supply, and Maximum Supply. I can almost guarantee large holders would love a continued 32% POS and an enforced Maximum Supply, that would guarantee to drive price upward if demand increases. 74 million is already a high Maximum Supply in my opinion.

[taseigerku]

just wondering, what is the correlation chess coin and chess sport in general? is it only name ?

[ZzzzeyeZzzz]

just wondering, what is the correlation chess coin and chess sport in general? is it only name ?

It's just the developer who plays Chess 
Best regards

[chessfan]

We've generated 60 million CHESS coins today:

* view image: https://chess-fan.github.io/blog/#2018jan5b
* made possible by whales also, who increased the net weight massively

[robelneo]

let's help each other, I have bought a new domain and will configure it to be a chesscoin marketplace where chess related products and services can advertise their products and services still looking for a good script ..
Will have to shelve $300 to set up one, but no regret chessfan is doing great..

I'm thinking of making it a profit-sharing where supporters will share 90% of the profit

[nur1labs]

already max supply . what supposed im do stake~damn. even cryptopia exchange for doge is 500 now~

let's help each other, I have bought a new domain and will configure it to be a chesscoin marketplace where chess related products and services can advertise their products and services still looking for a good script ..
Will have to shelve $300 to set up one, but no regret chessfan is doing great..

I'm thinking of making it a profit-sharing where supporters will share 90% of the profit

that great idea we need sell something about chess stuff like board,etc 

[jc12345]

Is this coin still alive? Havnt seen any activity here for a long time.

[robelneo]

Is this coin still alive? Havnt seen any activity here for a long time.

I'm also surprised that there's activity here, after more than 7 months absent from this thread, being an oldcomer we can help the new dev in any way we can I just hope the old gang could get back here I was only junior member when I'm I participated in this project I'm sure some old investors will come back here and help push the price of chesscoin.

[chessfan]

we are now at 61.27 million generated coins

Or in other words:
* in the last 15.5h there were created 2.1% of all CHESS coins to exist (max supply is: 74.66 million coins)
* https://chess-fan.github.io/blog/#2018jan6

[chessfan]

Looking at the top61 richest addresses (the data is about 1h old now), I see this:

* the top address staked in 19h: 1.96 million coins
* the 2nd richest address seems to have moved their coins to another address

view pic here: https://chess-fan.github.io/blog/#2018jan6b

we are now at 61.27 million generated coins

Or in other words:
* in the last 15.5h there were created 2.1% of all CHESS coins to exist (max supply is: 74.66 million coins)
* https://chess-fan.github.io/blog/#2018jan6

[ivan376]

Price will drop massively. The owner of those addresses will surely sell it out.

This is really the problem of this coin...it was only hold by few individuals who I think don't even know how to play chess. The very essence of chesscoin was totally destroyed by this investors. Good thing if they created a website for chess players. A website that is good enough to compete with the existing chess playing website nowadays.

[plr]

Price will drop massively. The owner of those addresses will surely sell it out.

This is really the problem of this coin...it was only hold by few individuals who I think don't even know how to play chess. The very essence of chesscoin was totally destroyed by this investors. Good thing if they created a website for chess players. A website that is good enough to compete with the existing chess playing website nowadays.

I have marked you as the one creating FUDS here why are you now concerned with the price, it's better that they dumped it so the distribution of this coin will be wide I put a much lower buy order I hope whales will dump their share.

I've read the first earlier post of Isolani it was intended to be a  cryptocurrency for chess with a motive to make a profit because of the staking rewards, he should have created an ethereum smart contract instead with limited supply..

If there is a take over team then why not do it in ethereum, this is an investor based coin, go read the early phase roadmap if you have the time.

[chessfan]

cryptopia: 2 of the 3 markets are paused

* https://github.com/chess-fan/MCT/issues/23

[chessfan]

Well, I see the first "urgent" problem as:
* there are probably more "sleeper" addresses (and when the owners do not think wisely, we'd hit the max supply soon :-( and that will bring other effects)

> Price will drop massively. The owner of those addresses will surely sell it out.
I just saw a 20% drop (compared to the last 1h), from 12:37-12:57 already, but that is not something we (or better: I) can influence - directly. That is the "business" of the traders


about: few individuals + website:
* does that not contradict? The main prob seem that only few have the "power" (which needs to be proven also), so no matter what you do this fact would not change
* I explained earlier my motivation for lichess (instead of a new, fresh site): https://bitcointalk.org/index.php?topic=1510517.msg26975456#msg26975456

Price will drop massively. The owner of those addresses will surely sell it out.

This is really the problem of this coin...it was only hold by few individuals who I think don't even know how to play chess. The very essence of chesscoin was totally destroyed by this investors. Good thing if they created a website for chess players. A website that is good enough to compete with the existing chess playing website nowadays.

[chessfan]

> it's better that they dumped it

I looked earlier and saw the cryptopia BTC market had so far:
* 0.960897 million CHESS coins for selling
* which would be about 1.3% of all possible coins (max supply)

let's see what will happen

Price will drop massively. The owner of those addresses will surely sell it out.

This is really the problem of this coin...it was only hold by few individuals who I think don't even know how to play chess. The very essence of chesscoin was totally destroyed by this investors. Good thing if they created a website for chess players. A website that is good enough to compete with the existing chess playing website nowadays.

I have marked you as the one creating FUDS here why are you now concerned with the price, it's better that they dumped it so the distribution of this coin will be wide I put a much lower buy order I hope whales will dump their share.

I've read the first earlier post of Isolani it was intended to be a  cryptocurrency for chess with a motive to make a profit because of the staking rewards, he should have created an ethereum smart contract instead with limited supply..

If there is a take over team then why not do it in ethereum, this is an investor based coin, go read the early phase roadmap if you have the time.