[CENT] Pennies launched

[Desten]

"Penis to da moon". LOL.
RIP pennies. RIP my 106 litecoins.

[utens]

I heard that proof of stake is unlimited in pennies,  what about stopping that?

[crafty]

I don't think betr should allow people to deposit,otherwise people are going to dump tens of trillions of coins at  0.00000001 and crash the value.

Don't worry. They are not allowing deposit.

I tried depositing some

[Desten]

I heard that proof of stake is unlimited in pennies,  what about stopping that?

Deposited to wallet 1 000 000 000 cents at 23/12 0:22, v0.9.6.0-beta. Recieved only 16 cents from that time. Didn't see that bug :/

[Beoga]

No more stack x 10 after 8 Jan.
For each 10000 Cents you will get only 1 one after 8 Jan.
No more trillions Cents for free.

[aso118]

I just read the last 100-120 posts in this thread - what happened to CENT?  I mined it when it first launched and I just seen my wallet in my Program Files, so I thought I'd see what they're worth now.  I was surprised to see them trading for 0.00000001 LTC each!

Was there a hard fork for this coin making them 1000x more then they were???  Are there any mining pools still running for CENT?  What are the updates going to change / fix?  Reading on github, the coin was capped at 1 billion.

[sitefive]

I just read the last 100-120 posts in this thread - what happened to CENT?  I mined it when it first launched and I just seen my wallet in my Program Files, so I thought I'd see what they're worth now.  I was surprised to see them trading for 0.00000001 LTC each!

Was there a hard fork for this coin making them 1000x more then they were???  Are there any mining pools still running for CENT?  What are the updates going to change / fix?  Reading on github, the coin was capped at 1 billion.

lol I own 4.5 Billion of these.
sucks to be the bagholder lol

[Desten]

aso118, there was a plan. Cunning plan. To create a coin which will be mined completely so quickly than noone does not have time to understand and grasp source code. And there was a mistake in the code. Specially laid mistake. To produce coins very quickly after the end of pow-mining. To very quickly multiply coins volume that placed in to wallet. Because that error was vile error it afforded by storing coins in a wallet several times more coins than expected by other peoples. And who knew about this error - mined/bought as many coins as they can buy. This drived price higher at the same time. And once they got trillions of free coins - they sold them to everyone who wants to make a profit. And others understands that there is a mistake and began to produce and sell as well. But it was too late.

PS: i bought 12 billions of these..

[undeadbitcoiner]

No more stack x 10 after 8 Jan.
For each 10000 Cents you will get only 1 one after 8 Jan.
No more trillions Cents for free.

Of course
After Jan 8 CENT will start its journey.
Everyone who is selling now in .00000001 LTC each and .00000001 XPM each are going to cry.

[sitefive]

No more stack x 10 after 8 Jan.
For each 10000 Cents you will get only 1 one after 8 Jan.
No more trillions Cents for free.

Of course
After Jan 8 CENT will start its journey.
Everyone who is selling now in .00000001 LTC each and .00000001 XPM each are going to cry.

Im crying already now that I bought 4 500 000 000 Of them at .00000002 XPM

[Beoga]

No more stack x 10 after 8 Jan.
For each 10000 Cents you will get only 1 one after 8 Jan.
No more trillions Cents for free.

Of course
After Jan 8 CENT will start its journey.
Everyone who is selling now in .00000001 LTC each and .00000001 XPM each are going to cry.

Im crying already now that I bought 4 500 000 000 Of them at .00000002 XPM

may be you'll be happier 9 Jan ))

[aso118]

aso118, there was a plan. Cunning plan. To create a coin which will be mined completely so quickly than noone does not have time to understand and grasp source code. And there was a mistake in the code. Specially laid mistake. To produce coins very quickly after the end of pow-mining. To very quickly multiply coins volume that placed in to wallet. Because that error was vile error it afforded by storing coins in a wallet several times more coins than expected by other peoples. And who knew about this error - mined/bought as many coins as they can buy. This drived price higher at the same time. And once they got trillions of free coins - they sold them to everyone who wants to make a profit. And others understands that there is a mistake and began to produce and sell as well. But it was too late.

PS: i bought 12 billions of these..

Thank-you for catching me up.   So what's the plan?  Are these duplicate coins going to be deleted / orphaned with the next update?  I was looking forward to mining these again.

[sitefive]

No more stack x 10 after 8 Jan.
For each 10000 Cents you will get only 1 one after 8 Jan.
No more trillions Cents for free.

Of course
After Jan 8 CENT will start its journey.
Everyone who is selling now in .00000001 LTC each and .00000001 XPM each are going to cry.

Im crying already now that I bought 4 500 000 000 Of them at .00000002 XPM

may be you'll be happier 9 Jan ))

can anyone explain exactly what will happen after that 9th january?

[Desten]

Thank-you for catching me up.   So what's the plan?  Are these duplicate coins going to be deleted / orphaned with the next update?  I was looking forward to mining these again.

No. Noone will delete them. After all that tons of "free pos coins" mixed and sold noone will revert trade operations. All that huge amount of this shit will be here and nothing we can do about this. Even at lowest price total "market cap" is huuuuuuge. Any normal investor with brains will not spend a LOT of money to get all this coins and then manipulate them. Too much money need to be spend with high risk of losing everything.
Even pos-fix won't help. There are too many coins, much much more than must be. Too much billionaires. And all of them want to sell. Investor must be mad if he tries to pump this.

[utens]

There is an estimate on about how many cents are there out?  in that way someone could calculate how big is the market cap in  xpm .

If for example there are 10 trilions *   0.00000001  Xpm , ecc   

I ve done some quick unprecise calc and  in that case shold be  a cap of 100k xpm, wich is 355 btcs ,   who knows if i fucked up some  0s

[Desten]

There is an estimate on about how many cents are there out?  in that way someone could calculate how big is the market cap in  xpm .

Only at cryptsy that we can see there is 4 980 059 708 192.
It's only visible coins...

[barwizi]

after the stake fix sets in, there may be a rise in price. Just to be safe, i'll hang onto a few hundred billion.

[utens]

With so many coins  one  1 or 0  will be more expensive than the coin itself

[Beoga]

No more stack x 10 after 8 Jan.
For each 10000 Cents you will get only 1 one after 8 Jan.
No more trillions Cents for free.

Of course
After Jan 8 CENT will start its journey.
Everyone who is selling now in .00000001 LTC each and .00000001 XPM each are going to cry.

Im crying already now that I bought 4 500 000 000 Of them at .00000002 XPM

may be you'll be happier 9 Jan ))

can anyone explain exactly what will happen after that 9th january?

It will happen 8 January. POS will be fixed to lower reward. So it will be more difficult to get money by POS mining. Miners will send less CENTS to exchange. So price should be grow up.

[cisengineer]

No more stack x 10 after 8 Jan.
For each 10000 Cents you will get only 1 one after 8 Jan.
No more trillions Cents for free.

Of course
After Jan 8 CENT will start its journey.
Everyone who is selling now in .00000001 LTC each and .00000001 XPM each are going to cry.

Im crying already now that I bought 4 500 000 000 Of them at .00000002 XPM

may be you'll be happier 9 Jan ))

can anyone explain exactly what will happen after that 9th january?

It will happen 8 January. POS will be fixed to lower reward. So it will be more difficult to get money by POS mining. Miners will send less CENTS to exchange. So price should be grow up.

At this point no exchange is taking deposits. Hope that changes after the fix.