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Author Topic: [ANN] Extremecoin (EXC) - MANDATORY UPGRADE VERSION 1.5 (Kimoto Gravity Well)  (Read 94824 times)
CaptChadd
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November 07, 2013, 12:41:51 AM
 #481

People will keep mining or else they will not be able to move any of their coin hoards.

I have emailed Crypty many times and they just ignore me and the large request thread.

Why is my experience lacking?

I got BBQcoin on three exchanges and this coin on two.

I would like to think that's not bad going.

And the escrow service is still in development.

I don't want to rush and half finished services just for the sake of showing EXC has some. I want them to work flawlessly.
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November 07, 2013, 02:36:38 AM
 #482

I'm throwing in the towel on this coin. Sorry for grammer in the upcoming paragraphs.

I've been mining this coin since 2 hours after it came out. I've given up on this coin and sold my share of 54,000 coins while I still could before the price tanks. This coin had a great idea (good foresight captain) and was a great experiment, but it has run its course.

 Just a few reasons why I've given up:

1. Cryptsy won't take this coin (and they take all sorts of junk coins). IMO, cryptsy is the backbone of ALT coins. The future of this coin's evolution apparently (according to captain) relys on cryptsy adoption.
2. No services....None.....and none in sight. I've heard promises of escrow, but still haven't seen anything, and escrow is the best service this coin has to offer right now.
3. (see number 2) No goods or services, whats the benefit of this coin. ex. CPR offered physical copper bars for their coins and the coin took off blasting WAY past litecoin for a while.
4. Developer's lack of experience, sorry captain but your lack of knowledge shows.
5. The Dishonest Pool that shut down the 100,000(+ or -) coins that are "lost" that could be dumped on the market at any time and crash the market.
6. Hoarders, too many hoarders holding. Hoping and wishing this coin makes something of itself just to make their money back in the amount of electricity they used.
7. Noone's going to mine it after the reward drop with such a lack of current value.

There's just a few reasons off the top of my head. DOOMCOIN is a proper name. Captain your idea of this coin was great, the lack of development, services, adoption, honest pool operators, are the main killers of this coin.

I'm sure I'm going to get flamed for my observations of this coin, but I'm out.

This isn't flaming, but let me offer my responses to your criticism.

1. No one except BigVern  knows why Cryptsy hasn't taken on EXC yet or if they will, but EXC is on 2 other exchanges. If you want to trade it you can and the volume has been fairly high.

2 & 3.  Services are on the way. At the very least an Escrow service and a webstore are in active development, as well as gambling.

4. CaptChadd has been successful with other coins.  Not sure how that means lack of experience.

5. Dishonest pool.. yes that sucks.  But you don't know if those coins were hoarded or dumped already.

6. Hoarders, like any coin some save and some dump.  There have been lots of people dumping this coin and some saving.  By your own confession, you hoarded almost 1% of the coins until you decided to dump.  Until there are more services there aren't many other options. Sell or save.

7. It remains to be seen who will mine.  People who hoarded it will probably mine if just to be able to spend and sell.  There are other coins that seem to survive with only low block reward ( MinCoin, CGB, Diamond, BitGem). In fact right now after the reward drop difficulty has actually gone up... network hash is 69.4 Mh/s as I write this which is higher than a large percentage of other scrypt alt-coins.

Again not flaming just discussing your criticism.  I'n my opinion it's far to soon to throw in the towel on this coin.  The whole experiment was to see what happens when a coin gets mined out.  The experiment is just beginning on this one.
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November 07, 2013, 06:51:52 AM
 #483

It's way too soon to give up. But if you want to panic sell then just panic sell and get over it.

void
CaptChadd
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November 07, 2013, 10:17:35 AM
 #484

I'm throwing in the towel on this coin. Sorry for grammer in the upcoming paragraphs.

I've been mining this coin since 2 hours after it came out. I've given up on this coin and sold my share of 54,000 coins while I still could before the price tanks. This coin had a great idea (good foresight captain) and was a great experiment, but it has run its course.

 Just a few reasons why I've given up:

1. Cryptsy won't take this coin (and they take all sorts of junk coins). IMO, cryptsy is the backbone of ALT coins. The future of this coin's evolution apparently (according to captain) relys on cryptsy adoption.
2. No services....None.....and none in sight. I've heard promises of escrow, but still haven't seen anything, and escrow is the best service this coin has to offer right now.
3. (see number 2) No goods or services, whats the benefit of this coin. ex. CPR offered physical copper bars for their coins and the coin took off blasting WAY past litecoin for a while.
4. Developer's lack of experience, sorry captain but your lack of knowledge shows.
5. The Dishonest Pool that shut down the 100,000(+ or -) coins that are "lost" that could be dumped on the market at any time and crash the market.
6. Hoarders, too many hoarders holding. Hoping and wishing this coin makes something of itself just to make their money back in the amount of electricity they used.
7. Noone's going to mine it after the reward drop with such a lack of current value.

There's just a few reasons off the top of my head. DOOMCOIN is a proper name. Captain your idea of this coin was great, the lack of development, services, adoption, honest pool operators, are the main killers of this coin.

I'm sure I'm going to get flamed for my observations of this coin, but I'm out.

This isn't flaming, but let me offer my responses to your criticism.

1. No one except BigVern  knows why Cryptsy hasn't taken on EXC yet or if they will, but EXC is on 2 other exchanges. If you want to trade it you can and the volume has been fairly high.

2 & 3.  Services are on the way. At the very least an Escrow service and a webstore are in active development, as well as gambling.

4. CaptChadd has been successful with other coins.  Not sure how that means lack of experience.

5. Dishonest pool.. yes that sucks.  But you don't know if those coins were hoarded or dumped already.

6. Hoarders, like any coin some save and some dump.  There have been lots of people dumping this coin and some saving.  By your own confession, you hoarded almost 1% of the coins until you decided to dump.  Until there are more services there aren't many other options. Sell or save.

7. It remains to be seen who will mine.  People who hoarded it will probably mine if just to be able to spend and sell.  There are other coins that seem to survive with only low block reward ( MinCoin, CGB, Diamond, BitGem). In fact right now after the reward drop difficulty has actually gone up... network hash is 69.4 Mh/s as I write this which is higher than a large percentage of other scrypt alt-coins.

Again not flaming just discussing your criticism.  I'n my opinion it's far to soon to throw in the towel on this coin.  The whole experiment was to see what happens when a coin gets mined out.  The experiment is just beginning on this one.

I confirm this.

The services are in active development and with the reward drop completed, everyone can see that the coin can carry on, just like Mincoin.
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November 07, 2013, 10:46:59 AM
 #485

I have just purchased a dedicated server and a cloud server.

The VPS acting as seed nodes will be replaced by the better cloud server.

The dedicated server is going to be used for one of the services in development.

Details of the new seed node and the next client update to come.
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November 08, 2013, 09:15:38 AM
 #486

I love the name Extremecoin and nothing will ever change my mind.


The name Extremecoin is one of the worst possible names. If you like to destroy this coin, you will retain your name.

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November 08, 2013, 09:45:15 AM
 #487

I love the name Extremecoin and nothing will ever change my mind.


The name Extremecoin is one of the worst possible names. If you like to destroy this coin, you will retain your name.
it ain't quite a great name but it surely ain't that worse considering that there is shitcoin, sexcoin, offerings to cthulu and many more. And it's true that the name of a coin has an impact on its progression but it's the man's coin so it's up to him.

void
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November 08, 2013, 11:38:23 AM
 #488

If name is not so good, it should be changed. Ticker EXC is excel-lent Smiley

Any suggestions of new coin name?

Excellence Smiley is required for success.

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CaptChadd
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November 08, 2013, 11:41:52 AM
 #489

And it was called Extremecoin for a reason. The extreme reward drop.

Why change a coin after two months of it being out. Do I buy another domain name? Get a new twitter account? Have coinchoose and both exchanges change the name?

Everyone knows Extremecoin now and changing the name is pointless.

I am working on the more important issue of the difficulty adjustment and the services we are bringing out soon.
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November 08, 2013, 11:07:17 PM
 #490

In the finance world the most important thing is confidence, credibility. In that world word extreme should not find the space. So, you should avoid the name Extreme. Ticker EXC is one of the best.

My suggestion is to change only the name, ticker EXC is perfect/excellent Smiley

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CaptChadd
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November 08, 2013, 11:35:42 PM
 #491

In the finance world the most important thing is confidence, credibility. In that world word extreme should not find the space. So, you should avoid the name Extreme. Ticker EXC is one of the best.

My suggestion is to change only the name, ticker EXC is perfect/excellent Smiley

A name that stands out and gets attention like you are giving it, is a great name. Its got you interested enough to post about it.

Your posts have made me even more happier with keeping the name.

Extremecoin!!!
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November 09, 2013, 01:17:43 AM
 #492

Maybe you are right, but I like only ticker EXC(ellent) and this coin too Smiley

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CaptChadd
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November 09, 2013, 09:26:59 AM
 #493

New seednode added on upgraded server.

Please put addnode=31.193.130.77 into your conf file.

The old nodes will be going offline over the next two weeks.

Thanks
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November 09, 2013, 04:45:15 PM
 #494

ok, how much reward we have now?
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November 09, 2013, 11:01:24 PM
 #495

ok, how much reward we have now?
reward? Meaning?

void
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November 10, 2013, 01:18:49 AM
 #496

In the finance world the most important thing is confidence, credibility. In that world word extreme should not find the space. So, you should avoid the name Extreme. Ticker EXC is one of the best.

My suggestion is to change only the name, ticker EXC is perfect/excellent Smiley

A name that stands out and gets attention like you are giving it, is a great name. Its got you interested enough to post about it.

Your posts have made me even more happier with keeping the name.

Extremecoin!!!


Do you still think good about this coin name? 

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CaptChadd
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November 10, 2013, 02:31:04 AM
 #497

Things are looking great at the backend for this coin.

The dedicated server is so fast, I am considering running a few services on it using visualization and the cloud seed node is so much faster than the two VPS ones.

At the moment I am working on EXC update 1.4 to improve the difficulty adjustment and add some checkpoints.

Remember, if somebody dumps Extremecoin, that means someone has just bought a load and has a large percentage of them.

The more EXC you have, the more selling power you have and dictation of worth.
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November 10, 2013, 09:55:39 AM
 #498

ok, how much reward we have now?
reward? Meaning?

1 exc or still 200 exc per block?
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November 10, 2013, 10:16:21 AM
 #499

1 exc per block and everybody that`s in EXC please visit ExtremeCoin lottery https://bitcointalk.org/index.php?topic=329913.0

void
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November 10, 2013, 12:08:47 PM
 #500

Not sure, but EXC topic gave the new standard in Signature banners Smiley

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