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nviere
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August 01, 2013, 11:48:08 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 What do you mean? |
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apbyte
Member
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Activity: 84
Merit: 10
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August 01, 2013, 11:50:37 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 What do you mean? Cryptsy, last trade 0.00007, that is less than WDC is trading  |
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nviere
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August 01, 2013, 11:51:47 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 What do you mean? Cryptsy, last trade 0.00007, that is less than WDC is trading OMG    |
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thef
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August 01, 2013, 11:52:23 PM |
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Nice, there is less than 1 BTC in bids on cryptsy.  |
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nawazish1
Sr. Member
Offline
Activity: 462
Merit: 250
PXC Research Team
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August 01, 2013, 11:53:06 PM |
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I would advice PXC long term supporters and investors that kindly don't listen to trolls they are only here to make you panic sell PXC. Just be patient till the developers come up to explain why they did this.
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PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H Phoenixcoin (PXC), a decentralised open source digital currency. |
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apbyte
Member
Offline
Activity: 84
Merit: 10
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August 01, 2013, 11:55:26 PM |
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I would advice PXC long term supporters and investors that kindly don't listen to trolls they are only here to make you panic sell PXC. Just be patient till the developers come up to explain why they did this.
And what will explanation change? You lowered effort that is needed to mine these coins, they can now sell for much much much lower price and still get high profit The funniest thing - aren't you official spokesperson ? and even you don't know why they did this stupid thing and need to wait for their explanation ... one problem ... while you wait price can hit the ground |
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Eb0la
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August 02, 2013, 12:09:42 AM |
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This is like taking an explosive to the hoover dam and watching everything get WASHED away.. LOL.. so glad I sold well over 60,000PXC back in the 0.0005+ range! The rest I cleared out a few days ago.
Time for the next scam coin! Its like stealing Candy from a baby. haha
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cryptohunter
Legendary
Offline
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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August 02, 2013, 12:10:03 AM |
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I would advice PXC long term supporters and investors that kindly don't listen to trolls they are only here to make you panic sell PXC. Just be patient till the developers come up to explain why they did this.
Hmm, well this is not a good idea at all. This will really hit the confidence around this coin. Had high hopes for phenix but they are making one serious mistake after another. Unocs was a terrible idea for phenix, this is not as terrible but still pretty bad. |
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nawazish1
Sr. Member
Offline
Activity: 462
Merit: 250
PXC Research Team
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August 02, 2013, 12:16:05 AM |
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I would advice PXC long term supporters and investors that kindly don't listen to trolls they are only here to make you panic sell PXC. Just be patient till the developers come up to explain why they did this.
Hmm, well this is not a good idea at all. This will really hit the confidence around this coin. Had high hopes for phenix but they are making one serious mistake after another. Unocs was a terrible idea for phenix, this is not as terrible but still pretty bad. You know what is happening at the moment see this.  |
PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H Phoenixcoin (PXC), a decentralised open source digital currency. |
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apbyte
Member
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Activity: 84
Merit: 10
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August 02, 2013, 12:18:41 AM |
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You know what is happening at the moment see this.
Stop trolling, that image has nothing to do with what is happening. That image shows how things go crazy without reason. In your case there is reason and your devs made that reason, so stop blaming us for your devs being .... |
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cryptohunter
Legendary
Offline
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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August 02, 2013, 12:38:57 AM |
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I would advice PXC long term supporters and investors that kindly don't listen to trolls they are only here to make you panic sell PXC. Just be patient till the developers come up to explain why they did this.
Hmm, well this is not a good idea at all. This will really hit the confidence around this coin. Had high hopes for phenix but they are making one serious mistake after another. Unocs was a terrible idea for phenix, this is not as terrible but still pretty bad. You know what is happening at the moment see this. well of course i bought up as much as i could whilst it at rock bottom just now but still causing this panic is madness, they should explain what they are doing before they actually just go ahead and do it. Who grabbed up all the cheap pxc because that fire sale didnt last all that long. |
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Branzig
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August 02, 2013, 01:09:08 AM |
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And if you want to sell yours send me a PM I have a little Bitcoin left!
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apbyte
Member
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Activity: 84
Merit: 10
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August 02, 2013, 01:19:35 AM |
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Magic8Ball
Legendary
Offline
Activity: 1050
Merit: 1000
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August 02, 2013, 01:24:31 AM |
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It is still there. EDIT: Seems like it was temporarily removed to fix the wallet. |
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Bitsinmyhead
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August 02, 2013, 08:36:48 AM |
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At least we got a good explanation of why they did this from JohnCar:
"But we did what we seen we needed to do and now its done."
Very reassuring...
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nviere
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August 02, 2013, 09:02:28 AM |
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At least we got a good explanation of why they did this from JohnCar:
"But we did what we seen we needed to do and now its done."
Very reassuring...
Up until yesterday my faith in johncar and iamatrix went to great lenghts.. I am really upset with this unannounced change and their explanation for it, I never expected any coin to this. |
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Bitsinmyhead
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August 02, 2013, 09:35:39 AM |
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Posted this in the New client thread, but will post it here too so I am sure the questions are not missed.
@JohnCar
Because you seem to be answering legit questions I have a couple too.
1. Why was the block reward not reduced at the same time as you reduced the reward generation time? That would have kept how many coins were created each day stable and would have been fair.
2. How are anyone to trust that you guys do not randomly alter reward generation and other stuff in the future? It does not seem anyone can know how many coins will be in circulation at any time the way you are operating.
Also, your track record for keeping your word is kinda shaky. Most of the stuff you have promised and your time limits have never been kept. Also the outright lie about DDOS protection you told the first time you did not meet the UNOCS time limit is not good. At that point in time you must have known there would be no UNOCS in "the next 24 hours". I think we who have supported the coin up until this point deserves an apology for this and the least you can do is answer the above questions.
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FiNaLize
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August 02, 2013, 10:50:00 AM |
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This is the reason why they lowered it(see first page): From the Amsterdam pool: 1 phrankarm 920 MH/s WTF edit: Must be OP, this guy is mining for hours now.  The devs are mining with a lot of hashes and now want more coins. What an incredible douchebags, |
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claycoins
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August 02, 2013, 10:58:12 AM |
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This is the reason why they lowered it(see first page): From the Amsterdam pool: 1 phrankarm 920 MH/s WTF edit: Must be OP, this guy is mining for hours now. The devs are mining with a lot of hashes and now want more coins. What an incredible douchebags, Then read on second page where it says the pool had an error on setup and it is actually khs. |
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FiNaLize
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August 02, 2013, 11:04:01 AM |
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This is the reason why they lowered it(see first page): From the Amsterdam pool: 1 phrankarm 920 MH/s WTF edit: Must be OP, this guy is mining for hours now. The devs are mining with a lot of hashes and now want more coins. What an incredible douchebags, Then read on second page where it says the pool had an error on setup and it is actually khs. Yeah the dev changed it;) |
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