[CENT] Pennies launched

[JohnathanCity]

Why does nobody understand that Pennies are not in large supply? Everyone knows that one of Pennies selling points is that there are no decimals, but everyone seems to forget that when they see the total coin supply.


A Bitcoin's smallest value is a satoshi, or one millionth of a Bitcoin.
The coin cap for Bitcoin is 21,000,000.
So the total number of tradeable Bitcoin units is 21 quadtrillion satoshis.

A Pennies smallest value is itself. Cents are indivisible and can only be traded in whole values.
The current number of existing pennies is right above 41 trillion (41,835,649,197,243).
If you considered every penny a satoshi (as it technically is) then we can see a "whole value" of Pennies when we multiply total supply by a millionth of one.
41,835,649,197,243 pennies/satoshis multiplied by .00000001 is 418,356 (Super Pennies? Bills? Whatever we want to call it).


21,000,000 Bitcoins > 418,356 Super Pennies/Bills/Whatever we call them.

For reference, 42coin was above Bitcoin's price on Cryptsy the other day, and its total number of divisible units is 4,200,000,000.

The only reason Pennies doesn't have a high value is because most people don't understand this concept.
Once the public realizes this, Pennies should grow rather rapidly and to high value.

Bitcoin = 2,100,000,000,000,000 units
Pennies = 41,835,649,197,243 units
42Coin = 4,200,000,000 units

[Iwerehappy]

"version" : "v0.10.2.1-unk-abe",
"protocolversion" : 70001,
"walletversion" : 60000,
"balance" : 9999970.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 264098,
"moneysupply" : 39680834368656.00000000,
"connections" : 8,
"proxy" : "",
"ip" : "110.240.xx.xx",
"difficulty" : 0.00024414,
"testnet" : false,
"keypoololdest" : 1388837599,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"unlocked_until" : 0,
"errors" : ""


Money supply showed on my screen is smaller than what the post said. So I updated my wallete from 10.0 to 10.2.1 . As the infomation above shows, the total supply is 396 trillion, not 420 trillion.   

[VERUMinNUMERIS]

"version" : "v0.10.2.1-unk-abe",
"protocolversion" : 70001,
"walletversion" : 60000,
"balance" : 9999970.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 264098,
"moneysupply" : 39680834368656.00000000,
"connections" : 8,
"proxy" : "",
"ip" : "110.240.xx.xx",
"difficulty" : 0.00024414,
"testnet" : false,
"keypoololdest" : 1388837599,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"unlocked_until" : 0,
"errors" : ""


Money supply showed on my screen is smaller than what the post said. So I updated my wallete from 10.0 to 10.2.1 . As the infomation above shows, the total supply is 396 trillion, not 420 trillion.   

42 trillion, not 420 trillion. 

[Ahora1993]

Why Deposit in Bter for Cent is disable?

i have 2000,000,000 Cent

i want to sell them?

[bob131313]

FYI Deposit of CENT to cryptsy appears to be working now.

[Ahora1993]

on bter  not working yet for deposit

[bob131313]

on bter  not working yet for deposit

I seriously doubt bter will allow deposits or withdrawals with their CENT wallet anytime soon. Not worth the risk to lose real btc if they determine they are on the wrong fork from jan.  Easier to just let it ride until it dies and they remove the market.

[Zzzack]

Why does nobody understand that Pennies are not in large supply? Everyone knows that one of Pennies selling points is that there are no decimals, but everyone seems to forget that when they see the total coin supply.


A Bitcoin's smallest value is a satoshi, or one millionth of a Bitcoin.
The coin cap for Bitcoin is 21,000,000.
So the total number of tradeable Bitcoin units is 21 quadtrillion satoshis.

A Pennies smallest value is itself. Cents are indivisible and can only be traded in whole values.
The current number of existing pennies is right above 41 trillion (41,835,649,197,243).
If you considered every penny a satoshi (as it technically is) then we can see a "whole value" of Pennies when we multiply total supply by a millionth of one.
41,835,649,197,243 pennies/satoshis multiplied by .00000001 is 418,356 (Super Pennies? Bills? Whatever we want to call it).


21,000,000 Bitcoins > 418,356 Super Pennies/Bills/Whatever we call them.

For reference, 42coin was above Bitcoin's price on Cryptsy the other day, and its total number of divisible units is 4,200,000,000.

The only reason Pennies doesn't have a high value is because most people don't understand this concept.
Once the public realizes this, Pennies should grow rather rapidly and to high value.

Bitcoin = 2,100,000,000,000,000 units
Pennies = 41,835,649,197,243 units
42Coin = 4,200,000,000 units

How do we convince people of this? I'm not fully sure of it myself. Make posts saying there are 'this' many bills and 'this' many pennies?

[JohnathanCity]

Why does nobody understand that Pennies are not in large supply? Everyone knows that one of Pennies selling points is that there are no decimals, but everyone seems to forget that when they see the total coin supply.


A Bitcoin's smallest value is a satoshi, or one millionth of a Bitcoin.
The coin cap for Bitcoin is 21,000,000.
So the total number of tradeable Bitcoin units is 21 quadtrillion satoshis.

A Pennies smallest value is itself. Cents are indivisible and can only be traded in whole values.
The current number of existing pennies is right above 41 trillion (41,835,649,197,243).
If you considered every penny a satoshi (as it technically is) then we can see a "whole value" of Pennies when we multiply total supply by a millionth of one.
41,835,649,197,243 pennies/satoshis multiplied by .00000001 is 418,356 (Super Pennies? Bills? Whatever we want to call it).


21,000,000 Bitcoins > 418,356 Super Pennies/Bills/Whatever we call them.

For reference, 42coin was above Bitcoin's price on Cryptsy the other day, and its total number of divisible units is 4,200,000,000.

The only reason Pennies doesn't have a high value is because most people don't understand this concept.
Once the public realizes this, Pennies should grow rather rapidly and to high value.

Bitcoin = 2,100,000,000,000,000 units
Pennies = 41,835,649,197,243 units
42Coin = 4,200,000,000 units

How do we convince people of this? I'm not fully sure of it myself. Make posts saying there are 'this' many bills and 'this' many pennies?

Well the first step is to spread awareness. My entire time here I have yet to ever see another Pennies advocate use this in debate about the coin supply. So I feel like most everyone, even Penny pros, do not realize this. Word of mouth is a powerful thing.

[theexpert]

i have been keeping a eye on this and i think this is a great coin. this provides a sense of virtual wealth and price can be very stable in the future, if you have 1000 pennies, if you have like £100 worth of pennies, you would have 10000 pennies the same in the real world so its brings a sense of wealth, whereas in bitcoin £100 would be 0.20btc, what looks better £100 or 0.20btc,

price is definitely stable as there are alot of available, so this is the answer to volatility, i have bought some and see what will happen,

[RobTJoneS]

i have been keeping a eye on this and i think this is a great coin. this provides a sense of virtual wealth and price can be very stable in the future, if you have 1000 pennies, if you have like £100 worth of pennies, you would have 10000 pennies the same in the real world so its brings a sense of wealth, whereas in bitcoin £100 would be 0.20btc, what looks better £100 or 0.20btc,

price is definitely stable as there are alot of available, so this is the answer to volatility, i have bought some and see what will happen,

Where to get the pennies CENT wallet?
Advance Thanks.

[utens]

interesting seeing pennies coming slowly to life again

[El3k0n]

I'm having problems with the wallet. I sent all my coins from cryptsy to my local wallet (With lot of transactions, due to the limit of 99,999,999 CENT per transaction), but the wallet doesn't show them. I tried re-downloading the whole blockchain and rescanning it, but it didn't work.

[longdechuanren]

the cat man, help ah. A Chinese user, help, my English is not good.

I re-installed computer systems, and installing your system, I opened 10.2.1 client, my 58 billion CENT, become 9.5 billion cent, when I slowly updating the client, my cent slowly, eventually to 58 billion. But after one hour of my 58 billion cent disappeared. Show did not turn out the client address. My cent go, I close the client, with the client 10.0 opens, showing there are 9.5 billion cent, slowly finally came 58 billion, while updating the wallet, my 58 billion or disappeared, how is it . . . Where's my 580cent one hundred million.

[longdechuanren]

the cat man, help ah. A Chinese user, help, my English is not good.

I re-installed computer systems, and installing your system, I opened 10.2.1 client, my 58 billion CENT, become 9.5 billion cent, when I slowly updating the client, my cent slowly, eventually to 58 billion. But after one hour of my 58 billion cent disappeared. Show did not turn out the client address. My cent go, I close the client, with the client 10.0 opens, showing there are 9.5 billion cent, slowly finally came 58 billion, while updating the wallet, my 58 billion or disappeared, how is it . . . Where's my 580cent one hundred million.

[longdechuanren]

the cat man, help ah. A Chinese user, help, my English is not good.

I re-installed computer systems, and installing your system, I opened 10.2.1 client, my 58 billion CENT, become 9.5 billion cent, when I slowly updating the client, my cent slowly, eventually to 58 billion. But after one hour of my 58 billion cent disappeared. Show did not turn out the client address. My cent go, I close the client, with the client 10.0 opens, showing there are 9.5 billion cent, slowly finally came 58 billion, while updating the wallet, my 58 billion or disappeared, how is it . . . Where's my 580cent one hundred million.

[alivecrypto]

What happened to CENT? its again stuck and now its not synchronizing properly?

[peresvet]

Soon martyrs will find Freedom

[Zzzack]

lol ^^^ the cat man 

[BitCoinPokerBro]

Why does nobody understand that Pennies are not in large supply? Everyone knows that one of Pennies selling points is that there are no decimals, but everyone seems to forget that when they see the total coin supply.


A Bitcoin's smallest value is a satoshi, or one millionth of a Bitcoin.
The coin cap for Bitcoin is 21,000,000.
So the total number of tradeable Bitcoin units is 21 quadtrillion satoshis.

A Pennies smallest value is itself. Cents are indivisible and can only be traded in whole values.
The current number of existing pennies is right above 41 trillion (41,835,649,197,243).
If you considered every penny a satoshi (as it technically is) then we can see a "whole value" of Pennies when we multiply total supply by a millionth of one.
41,835,649,197,243 pennies/satoshis multiplied by .00000001 is 418,356 (Super Pennies? Bills? Whatever we want to call it).


21,000,000 Bitcoins > 418,356 Super Pennies/Bills/Whatever we call them.

For reference, 42coin was above Bitcoin's price on Cryptsy the other day, and its total number of divisible units is 4,200,000,000.

The only reason Pennies doesn't have a high value is because most people don't understand this concept.
Once the public realizes this, Pennies should grow rather rapidly and to high value.

Bitcoin = 2,100,000,000,000,000 units
Pennies = 41,835,649,197,243 units
42Coin = 4,200,000,000 units

How do we convince people of this? I'm not fully sure of it myself. Make posts saying there are 'this' many bills and 'this' many pennies?

2 coins within the "pennies" algorithm 1 worth 100,000,000 the other 1 unit.