MaGNeT
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 Offline
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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August 01, 2013, 07:54:17 PM |
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Great  To be safe: make a back-up of your wallet.dat on a regular base and before updating clients! That goes for every coin In Windows, for PhenixCoin, you can find your wallet.dat in the following folder: C:\Users\username\AppData\Roaming\Phenixcoin |
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apbyte
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Activity: 84
Merit: 10
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August 01, 2013, 08:09:56 PM |
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 they changed block target from 90s to 50s nice gesture |
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nawazish1
Sr. Member
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Activity: 462
Merit: 250
PXC Research Team
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August 01, 2013, 08:16:46 PM |
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they changed block target from 90s to 50s nice gesture That is not a problem DGC and WDC has much lower block rate. |
PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H Phoenixcoin (PXC), a decentralised open source digital currency. |
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apbyte
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Activity: 84
Merit: 10
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August 01, 2013, 08:30:48 PM |
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they changed block target from 90s to 50s nice gesture That is not a problem DGC and WDC has much lower block rate. Yes it is, you did it 2 months after release, you decreased value of coin, basically hitting in balls all those who mined and bought PXC within those 2 months |
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Whuzz
Member
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Activity: 66
Merit: 10
Kimoto for president!
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August 01, 2013, 08:45:59 PM |
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they changed block target from 90s to 50s nice gesture That is not a problem DGC and WDC has much lower block rate. Yes it is, you did it 2 months after release, you decreased value of coin, basically hitting in balls all those who mined and bought PXC within those 2 months you hold pxc? i don't better do it after 2 months then after 2 years coin is still cheap now and not many on market premine could become worth a bit less, so devs must have good reasons cause no benefit 4 them |
Digital currency of the future!
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apbyte
Member
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Activity: 84
Merit: 10
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August 01, 2013, 08:56:16 PM |
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they changed block target from 90s to 50s nice gesture That is not a problem DGC and WDC has much lower block rate. Yes it is, you did it 2 months after release, you decreased value of coin, basically hitting in balls all those who mined and bought PXC within those 2 months you hold pxc? i don't better do it after 2 months then after 2 years coin is still cheap now and not many on market premine could become worth a bit less, so devs must have good reasons cause no benefit 4 them Yes I did hold PXC, of course I sold as soon as they announced this update 40% devaluation is not cool |
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Whuzz
Member
Offline
Activity: 66
Merit: 10
Kimoto for president!
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August 01, 2013, 09:00:26 PM |
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they changed block target from 90s to 50s nice gesture That is not a problem DGC and WDC has much lower block rate. Yes it is, you did it 2 months after release, you decreased value of coin, basically hitting in balls all those who mined and bought PXC within those 2 months you hold pxc? i don't better do it after 2 months then after 2 years coin is still cheap now and not many on market premine could become worth a bit less, so devs must have good reasons cause no benefit 4 them Yes I did hold PXC, of course I sold as soon as they announced this update 40% devaluation is not cool its not a 40 percent devaluation, on a total of 3.5m coins mined up to now there will be, say 30k coins more every day, for a healthy market that's not a lot |
Digital currency of the future!
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apbyte
Member
Offline
Activity: 84
Merit: 10
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August 01, 2013, 09:04:55 PM |
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they changed block target from 90s to 50s nice gesture That is not a problem DGC and WDC has much lower block rate. Yes it is, you did it 2 months after release, you decreased value of coin, basically hitting in balls all those who mined and bought PXC within those 2 months you hold pxc? i don't better do it after 2 months then after 2 years coin is still cheap now and not many on market premine could become worth a bit less, so devs must have good reasons cause no benefit 4 them Yes I did hold PXC, of course I sold as soon as they announced this update 40% devaluation is not cool its not a 40 percent devaluation, on a total of 3.5m coins mined up to now there will be, say 30k coins more every day, for a healthy market that's not a lot PXC doesn't have healthy market, they haven't yet healed from last week fiasko |
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Bitsinmyhead
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August 01, 2013, 09:12:06 PM |
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its not a 40 percent devaluation, on a total of 3.5m coins mined up to now there will be, say 30k coins more every day, for a healthy market that's not a lot
That is a lot, look at the daily volume of this coin. This coin is dead, the trust has been broken. Developers changing the rules of the game in the middle of the game. Next update might include 5PXC per block being sent directly to the developers because of their great work. You just don't know. Imagine this happening to BTC and shake your head. The fact that the developers do not realize what a big mistake they have made here is just so shocking that I would never trust any money in any project these guys are developing. |
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torzsy
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August 01, 2013, 09:18:57 PM |
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its not a 40 percent devaluation, on a total of 3.5m coins mined up to now there will be, say 30k coins more every day, for a healthy market that's not a lot
That is a lot, look at the daily volume of this coin. This coin is dead, the trust has been broken. Developers changing the rules of the game in the middle of the game. Next update might include 5PXC per block being sent directly to the developers because of their great work. You just don't know. Imagine this happening to BTC and shake your head. The fact that the developers do not realize what a big mistake they have made here is just so shocking that I would never trust any money in any project these guys are developing. Just wait for the devs, they must did this for a reason. |
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apbyte
Member
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Activity: 84
Merit: 10
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August 01, 2013, 09:28:20 PM |
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observation novel
FTC had two competitors , PXC and WDC
FTC did brainstorming and came up with best idea - keep your friends close and your enemies closer
UNOCS was born and now:
PXC does all the programming and takes all the blame
WDC is silently shaking in the corner
FTC is promoting itself to world outside of forum
Result in exchange:
PXC - going down
WDC - going down
FTC - going up
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Chronikka
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August 01, 2013, 09:31:08 PM |
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Just wait for the devs, they must did this for a reason.
We are all tired of waiting for the Devs to do or say something. PHX just changed its coin generation without much of an explanation. Nobody will trust a coin where the developers just change something that important whenever they feel like it. Its complete instability. I'll admit I was very intrigued when I first heard about UNOCS. The idea of one coin being backed by 2 different coins directly, was enough for me to support UNOCS...but I'm quickly lose faith that this will amount to anything. You can't even trust the coins that make it up... |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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sumantso
Legendary
Offline
Activity: 1050
Merit: 1000
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August 01, 2013, 09:32:18 PM |
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observation novel
FTC had two competitors , PXC and WDC
FTC did brainstorming and came up with best idea - keep your friends close and your enemies closer
UNOCS was born and now:
PXC does all the programming and takes all the blame
WDC is silently shaking in the corner
FTC is promoting itself to world outside of forum
Result in exchange:
PXC - going down
WDC - going down
FTC - going up
Thats a crazy conspiracy theory - or is it?  I think you are nuts, but this would make a nice movie. |
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apbyte
Member
Offline
Activity: 84
Merit: 10
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August 01, 2013, 09:35:17 PM |
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observation novel
FTC had two competitors , PXC and WDC
FTC did brainstorming and came up with best idea - keep your friends close and your enemies closer
UNOCS was born and now:
PXC does all the programming and takes all the blame
WDC is silently shaking in the corner
FTC is promoting itself to world outside of forum
Result in exchange:
PXC - going down
WDC - going down
FTC - going up
Thats a crazy conspiracy theory - or is it? I think you are nuts, but this would make a nice movie. First crypto movie Or as Lehman Brothers boss once told - be first, be smarter or cheat |
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FiNaLize
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August 01, 2013, 10:21:40 PM |
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I WARNED YOU! THIS WAS THE ANNOUNCEMENT?! LOWER BLOCK RETARGETING? THESE DEVS ARE A JOKE.
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nviere
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August 01, 2013, 10:40:20 PM |
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Have been quiet for some time but this is really bad. Just removed my buy orders. Please change it back
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sumantso
Legendary
Offline
Activity: 1050
Merit: 1000
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August 01, 2013, 10:42:53 PM |
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Have been quiet for some time but this is really bad. Just removed my buy orders. Please change it back
They can't just change it back. That will make it worse. The price may not really fall. We have seen block reward dropping not being followed by a price hike. Maybe this won't have much effect on price. |
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nawazish1
Sr. Member
Offline
Activity: 462
Merit: 250
PXC Research Team
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August 01, 2013, 11:29:09 PM |
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Have been quiet for some time but this is really bad. Just removed my buy orders. Please change it back
They can't just change it back. That will make it worse. The price may not really fall. We have seen block reward dropping not being followed by a price hike. Maybe this won't have much effect on price. i see usual trolls spread fud and panic and trusty supporter get uncertain and panic devs decide, their coin, if Kimoto does do, i support you panic, sell, trolls buy cheap In this case they are not here to buy. I am still wondering who is paying them to do this.  |
PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H Phoenixcoin (PXC), a decentralised open source digital currency. |
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nviere
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August 01, 2013, 11:42:01 PM |
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Cant they drop the block reward then? Imagine what would happen if the amount of LTc was 2 times higher: the price would be much lower. So again please change this, I am a long term supporter but this seems like a very bad idea, and quite frankly I am starting to panick now
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apbyte
Member
Offline
Activity: 84
Merit: 10
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August 01, 2013, 11:46:54 PM |
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Cant they drop the block reward then? Imagine what would happen if the amount of LTc was 2 times higher: the price would be much lower. So again please change this, I am a long term supporter but this seems like a very bad idea, and quite frankly I am starting to panick now
They destroyed our investments 0.00007, less than 1 cent Those devs are very smart .. yeah |
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