IMZ
Legendary
Offline
Activity: 1498
Merit: 1000
|
|
June 05, 2014, 07:52:48 AM |
|
Morale Booster:
It's not just 'goin' off' on Coindesk and Coinmarketcap, guys. Last year -- ten months ago -- I spent weeks patiently trying to get to talk to a computer company near here that specialises in . . . cutting-edge computer stuff!! The guy at least didn't treat me like an idiot. I waited and waited and waited. Started again last week to get a face-to-face meeting scheduled:
BINGO!!! The owner remembers our conversation. Bitcoin is now officially A Subject of Interest. Gonna go have a chat.
Mark, Australia CGB: more modern money
|
|
|
|
FiniteRed
|
|
June 05, 2014, 08:11:40 AM |
|
Let’s explore the psychology of the miner and the investor. The miner wants to create a new coin with high initial reward so they can reap it all and sell for a quick buck. The investor sees this activity as a ponzi type scheme where new capital must flow to match the mining dump just to prevent the unit price from collapsing. If a currency is just beginning, it's hardly worth putting any capital in at all. Doing the math and you will see that your investment is inflating away at an alarming rate while the miners dump for profit. Some people think that miners will hold on to valuable new coins but this is not true because mining implies a lower value of each new coin and the first miner to sell realizes the highest price. A miner who waits is hoping that boatloads of cash come sailing in from somewhere. Smart investors don't want to touch that unless it’s a truly revolutionary crypto-currency which would bring such a cash flow. Interesting, I would class myself as a ' minvestor' speculative mining (at cost) as I believe CGB has enormous potential.
|
[G]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ] ~ [ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[H]
|
|
|
dokdocoin
Newbie
Offline
Activity: 32
Merit: 0
|
|
June 05, 2014, 06:30:32 PM |
|
hi all~ Mark Blair just introduced CGB to me. I'm the only altcoin developer living in South Korea(till now..) and always have interest in altcoins I just downloaded windows wallet and wanna get more info thanks 2 questions... 1 How you you know you're the only one ? 2 May I ask what altcoin ? Is it out yet ? 1. ofcourse there can be a 'possible' developer in korea but nobody released yet. and i couldn't find them till now. some korean-american are releasing there work but not living in korea. 2. about our coin? or about my interest? we have own coin and also have interest in other 'healthy' altcoins. and Mark just told about CGB
|
|
|
|
Majormax
Legendary
Offline
Activity: 2534
Merit: 1129
|
|
June 05, 2014, 11:45:24 PM Last edit: June 06, 2014, 12:03:00 AM by Majormax |
|
higher % stake does not reward existing holders at all (creates dilution which decreases each units price), it actually screws over everyone who bought in because of rarity (ie knowing the market cap would stay under 1 mil). instantly evaporating any trust. yes coins do it in panic mode as a bandaid approach to save a coin, but only those who either directly want to bail or honest people with very little real understanding of economics, market dynamics and/or the trustless system btc introduced.
Existing holders get all the stake. It is up to them to sell or keep it. There is no 'dilution' whatever the % stake is: Dilution would only happen if a new group or a limited group got additional stake. 100% pa would be the sort of stake that would get new 'investors' interested, and they would have to buy from existing holders, who would dictate the price. There is very little supply on the market.
|
|
|
|
Killiz
|
|
June 06, 2014, 01:27:52 AM |
|
higher % stake does not reward existing holders at all (creates dilution which decreases each units price), it actually screws over everyone who bought in because of rarity (ie knowing the market cap would stay under 1 mil). instantly evaporating any trust. yes coins do it in panic mode as a bandaid approach to save a coin, but only those who either directly want to bail or honest people with very little real understanding of economics, market dynamics and/or the trustless system btc introduced.
Existing holders get all the stake. It is up to them to sell or keep it. There is no 'dilution' whatever the % stake is: Dilution would only happen if a new group or a limited group got additional stake. 100% pa would be the sort of stake that would get new 'investors' interested, and they would have to buy from existing holders, who would dictate the price. There is very little supply on the market. Sorry Majormax I disagree. I'm a holder of CGB because of the low inflation. It is after all Cryptogenic Bullion not Bunny Rabbits. The day of the wise investor will come for CGB, when the un-wise investors have all been stung.
|
|
|
|
papersheepdog
|
|
June 06, 2014, 02:12:20 AM |
|
higher % stake does not reward existing holders at all (creates dilution which decreases each units price), it actually screws over everyone who bought in because of rarity (ie knowing the market cap would stay under 1 mil). instantly evaporating any trust. yes coins do it in panic mode as a bandaid approach to save a coin, but only those who either directly want to bail or honest people with very little real understanding of economics, market dynamics and/or the trustless system btc introduced.
Existing holders get all the stake. It is up to them to sell or keep it. There is no 'dilution' whatever the % stake is: Dilution would only happen if a new group or a limited group got additional stake. 100% pa would be the sort of stake that would get new 'investors' interested, and they would have to buy from existing holders, who would dictate the price. There is very little supply on the market. Sorry Majormax I disagree. I'm a holder of CGB because of the low inflation. It is after all Cryptogenic Bullion not Bunny Rabbits. The day of the wise investor will come for CGB, when the un-wise investors have all been stung. Hey Killiz. I was wondering what you meant by rabbits and then.. ooh. Oh yeah Usually these things can be worked out by imagining an extreme case, for example, 100%/yr mint reward. As the year goes on, everyone knows that the number of CGB out there should double within that year, and therefore the expected price should be half. Usually with this kind of prior knowledge, holders know what to do with their freshly minted coins, sell em before the other guy does. Let's say I have money and I'm looking at CGB. Am I going to buy it after something like this is announced, knowing that, all other things being equal, my investment will be diminished by half? Will giving existing holders more CGB to sell to me even look like a selling point when they are collectively, as a community, sitting on a pile of CGB and selling off the interest to me? Coin distribution was mostly a function of mining for the last year. Now the distribution mechanism is shifting to the market. We know there is already plenty of supply on the market; the question is, at which price?
|
|
|
|
|
digit
Legendary
Offline
Activity: 1672
Merit: 1010
|
|
June 06, 2014, 02:46:47 AM |
|
higher % stake does not reward existing holders at all (creates dilution which decreases each units price), it actually screws over everyone who bought in because of rarity (ie knowing the market cap would stay under 1 mil). instantly evaporating any trust. yes coins do it in panic mode as a bandaid approach to save a coin, but only those who either directly want to bail or honest people with very little real understanding of economics, market dynamics and/or the trustless system btc introduced.
Existing holders get all the stake. It is up to them to sell or keep it. There is no 'dilution' whatever the % stake is: Dilution would only happen if a new group or a limited group got additional stake. 100% pa would be the sort of stake that would get new 'investors' interested, and they would have to buy from existing holders, who would dictate the price. There is very little supply on the market. Cr*psty would LOVE this idea. Imagine all the CGB they have currently thanks to user deposits and the potential CGB they would generate to dump onto market with a change like this. Cr*ptsy is the most likely the BIGGEST holder of CGB and would take full advantage of increased PoS interest to dump onto market. This would allow any exchange with a large amount of CGB deposited there to use tradevestors deposits against them on a scale that is not currently possible thanks to low interest and demote CGB to just another cryptocoin.
|
|
|
|
digit
Legendary
Offline
Activity: 1672
Merit: 1010
|
|
June 06, 2014, 03:28:47 AM |
|
Thought i try and track a a few deposits of CGB i've made in the past to cr*ptsy but i've only made a few so am limited to following those txs, but I found this interesting address that has had a large amount of CGB moved to it recently and has a balance of 180001 CGB. Now I could be mistaken but i believe its a crypsty wallet that will be seen to stake at a later point in the year. The tidy 20k inputs are from addresses that can be seen to have staked previously and have held large amounts of CGB. Maybe its is a mid year tidy up (after all the previous splitting from PoS) for the "owner" http://blocks.gotcrypto.net/address/5SHzAQkDJ6w9fH6c7rC8C5Bxiu1pyMLbcsMaybe if some others could track a few of their historic deposits and see if they end up at same addresses on http://blocks.gotcrypto.net/, it would give a better idea of how much CGB is controlled by the exchange. This address alone contains over 18% or nearly 1/5 of total CGB that exists.
|
|
|
|
digit
Legendary
Offline
Activity: 1672
Merit: 1010
|
|
June 06, 2014, 03:40:39 AM |
|
Seems i could have save some time and jumped straight to the richest addresses here : https://coinplorer.com/CGB/Addresses/0/Top Apologies if this has been mentioned before, its the first time i've seen it. Very interesting list to check and some perspective
|
|
|
|
Killiz
|
|
June 06, 2014, 04:12:22 AM |
|
Thought i try and track a a few deposits of CGB i've made in the past to cr*ptsy but i've only made a few so am limited to following those txs, but I found this interesting address that has had a large amount of CGB moved to it recently and has a balance of 180001 CGB. Now I could be mistaken but i believe its a crypsty wallet that will be seen to stake at a later point in the year. The tidy 20k inputs are from addresses that can be seen to have staked previously and have held large amounts of CGB. Maybe its is a mid year tidy up (after all the previous splitting from PoS) for the "owner" http://blocks.gotcrypto.net/address/5SHzAQkDJ6w9fH6c7rC8C5Bxiu1pyMLbcsMaybe if some others could track a few of their historic deposits and see if they end up at same addresses on http://blocks.gotcrypto.net/, it would give a better idea of how much CGB is controlled by the exchange. This address alone contains over 18% or nearly 1/5 of total CGB that exists. I would bet it is cryptsy's address. It makes sense to me for them to have most of their deposited CGB stored in one address, to stake it every 30 days, sell off the interest and be done with it every month.
|
|
|
|
kingscrown
|
|
June 06, 2014, 04:17:48 AM |
|
CGB is nothign else than feedign pockets of new devs.
|
|
|
|
digit
Legendary
Offline
Activity: 1672
Merit: 1010
|
|
June 06, 2014, 04:27:49 AM Last edit: June 06, 2014, 06:04:27 AM by digit |
|
CGB is nothign else than feedign pockets of new devs.
is that why your not spamming your blog site and begging for donations here with the copypaste posts you have done in a bunch of other crap coins JPC, PURE, X11, XLB?
|
|
|
|
IMZ
Legendary
Offline
Activity: 1498
Merit: 1000
|
|
June 06, 2014, 05:30:15 AM Last edit: June 06, 2014, 05:54:03 AM by IMZ |
|
Please please please humbly humbly humbly: Why put your nation in your signature?
Bullion is perhaps the best example because it must be posted. We can pay for the bullion in each nation with CGB -- but the organisation of the model in Each Nation is best left to the CGB-ers of that nation. Likewise consider the mentoring network. It concerns crypto-tax-law in each nation. Again, local knowledge gives the edge. The knowledge-base of cryptos is solidly in English. So we organise 'outreach subsidiaries' from English-speaking CGB chapters to Everywhere Else via the expatriate communities of English-speaking nations like Canada and Australia. Perth's Indonesian community is a fine example. They are tech-savvy. They haven't discovered cryptos. They rightly distrust the Indonesian banking-system. " . . . bitcoin remains in its “infancy” in the Middle East, and that more outreach is needed before conference attendees in the tech world — and the broader public — embrace digital currencies." https://bitcointalk.org/index.php?topic=245086.2760Working to build 'national chapters' doesn't make us less international or less unified. It makes us more international and more unified.IndiaMikeZulu, Australia CGB: a coin with real class
|
|
|
|
elambert (OP)
Legendary
Offline
Activity: 1696
Merit: 1008
|
|
June 06, 2014, 10:17:12 AM |
|
|
|
|
|
Majormax
Legendary
Offline
Activity: 2534
Merit: 1129
|
|
June 06, 2014, 11:25:39 AM |
|
higher % stake does not reward existing holders at all (creates dilution which decreases each units price), it actually screws over everyone who bought in because of rarity (ie knowing the market cap would stay under 1 mil). instantly evaporating any trust. yes coins do it in panic mode as a bandaid approach to save a coin, but only those who either directly want to bail or honest people with very little real understanding of economics, market dynamics and/or the trustless system btc introduced.
Existing holders get all the stake. It is up to them to sell or keep it. There is no 'dilution' whatever the % stake is: Dilution would only happen if a new group or a limited group got additional stake. 100% pa would be the sort of stake that would get new 'investors' interested, and they would have to buy from existing holders, who would dictate the price. There is very little supply on the market. Sorry Majormax I disagree. I'm a holder of CGB because of the low inflation. It is after all Cryptogenic Bullion not Bunny Rabbits. The day of the wise investor will come for CGB, when the un-wise investors have all been stung. Well, it's a boring world if too many of us agree. I am currently buying higher % stake coins at the request of my investor clients (who have all sorts in their portfolios). It is interesting to see which coins come out on top in the longer run... usually the unexpected is what happens.
|
|
|
|
papersheepdog
|
|
June 06, 2014, 12:27:41 PM |
|
Thought i try and track a a few deposits of CGB i've made in the past to cr*ptsy but i've only made a few so am limited to following those txs, but I found this interesting address that has had a large amount of CGB moved to it recently and has a balance of 180001 CGB. Now I could be mistaken but i believe its a crypsty wallet that will be seen to stake at a later point in the year. The tidy 20k inputs are from addresses that can be seen to have staked previously and have held large amounts of CGB. Maybe its is a mid year tidy up (after all the previous splitting from PoS) for the "owner" http://blocks.gotcrypto.net/address/5SHzAQkDJ6w9fH6c7rC8C5Bxiu1pyMLbcsMaybe if some others could track a few of their historic deposits and see if they end up at same addresses on http://blocks.gotcrypto.net/, it would give a better idea of how much CGB is controlled by the exchange. This address alone contains over 18% or nearly 1/5 of total CGB that exists. I would bet it is cryptsy's address. It makes sense to me for them to have most of their deposited CGB stored in one address, to stake it every 30 days, sell off the interest and be done with it every month. I would suspect so as well, though it can be really difficult to tell who does what. It landed at the exact same ~180k as another address that I thought was cryptsy before (starting with 5ieyes or something). Honestly this is the wild west, we can't really control or even really know what is going on behind the scenes. Pure free market.
|
|
|
|
papersheepdog
|
|
June 06, 2014, 12:41:03 PM |
|
Please please please humbly humbly humbly: Why put your nation in your signature?
Bullion is perhaps the best example because it must be posted. We can pay for the bullion in each nation with CGB -- but the organisation of the model in Each Nation is best left to the CGB-ers of that nation. Likewise consider the mentoring network. It concerns crypto-tax-law in each nation. Again, local knowledge gives the edge. The knowledge-base of cryptos is solidly in English. So we organise 'outreach subsidiaries' from English-speaking CGB chapters to Everywhere Else via the expatriate communities of English-speaking nations like Canada and Australia. Perth's Indonesian community is a fine example. They are tech-savvy. They haven't discovered cryptos. They rightly distrust the Indonesian banking-system. " . . . bitcoin remains in its “infancy” in the Middle East, and that more outreach is needed before conference attendees in the tech world — and the broader public — embrace digital currencies." https://bitcointalk.org/index.php?topic=245086.2760Working to build 'national chapters' doesn't make us less international or less unified. It makes us more international and more unified.IndiaMikeZulu, Australia CGB: a coin with real class I can see value in this. It's the natural conclusion that we wil need to help each other on somewhat of a geographical basis due to how different the situation is everywhere. This could easily tie into the CryptoTown structure to provide some contacts of the existing network within an area. I think it will be absolutely critical to build this kind of grass roots support network that you are talking about. Our job will be to provide the tools and guidance necessary for the uninitiated to participate in their own local communities. papersheepdog, Canada
|
|
|
|
papersheepdog
|
|
June 06, 2014, 12:45:54 PM |
|
higher % stake does not reward existing holders at all (creates dilution which decreases each units price), it actually screws over everyone who bought in because of rarity (ie knowing the market cap would stay under 1 mil). instantly evaporating any trust. yes coins do it in panic mode as a bandaid approach to save a coin, but only those who either directly want to bail or honest people with very little real understanding of economics, market dynamics and/or the trustless system btc introduced.
Existing holders get all the stake. It is up to them to sell or keep it. There is no 'dilution' whatever the % stake is: Dilution would only happen if a new group or a limited group got additional stake. 100% pa would be the sort of stake that would get new 'investors' interested, and they would have to buy from existing holders, who would dictate the price. There is very little supply on the market. Sorry Majormax I disagree. I'm a holder of CGB because of the low inflation. It is after all Cryptogenic Bullion not Bunny Rabbits. The day of the wise investor will come for CGB, when the un-wise investors have all been stung. Well, it's a boring world if too many of us agree. I am currently buying higher % stake coins at the request of my investor clients (who have all sorts in their portfolios). It is interesting to see which coins come out on top in the longer run... usually the unexpected is what happens. 100% agreed
|
|
|
|
|
|