[ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014

[coinflow]

Its curious but, now the moment with more reward, the people wants to buy more instead of selling or going down more the price.

coinflow, how much coins you have?

Quite some and still collecting - mostly by mining. 

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[Wekkel]

Its curious but, now the moment with more reward, the people wants to buy more instead of selling or going down more the price.

Yeah, that is interesting. Still not lured to buy some though. Must hit rock bottom first.

[coinflow]

Its curious but, now the moment with more reward, the people wants to buy more instead of selling or going down more the price.

Yeah, that is interesting. Still not lured to buy some though. Must hit rock bottom first.

Do you think it will go lower than 3 Litoshi? I'm really not so sure.
If so, why?

[secbul]

From the initial posting in this thread by the dev: "Max coins: 384,400,000,000 MOON (yes, billion!)"
This is, because the distance of the Moon from the Earth is ~384,400 km and for every millimeter there will be one Mooncoin.

Edit: Typos and inserted link above to show again that we still have to solve ~7,000 blocks to get to the serious dropping of the rewards from 2,519,841 per block to ~500,000 (from block 203,158) and shortly thereafter to ~300,000 (from block 203,519 on).

From now to 175 days later
THAN 28.349.760 coin per day to reach 384 B from 179 B will take 7320 days ~ 20 years.

Only the first year is FAST production and we ended already ~%80 of it.
In next few days production will be slower then again slower and much slower.
First will/can be around 21 August..

SO.
Lets talk today.
480.000.000 coin production / per day  (in next few days it will be slower)

If goes to all sell at 4 litoshi.
19.2 LTC  per day needed (BUY SUPPORT) now to NOT TO LOST 4 litoshi at buy point.

So with a nice math we UNDERSTAND that after 175 days this will be only 1.2 LTC
SO prices CAN EASLY GO to 16 X to cover that SLOW production.
That makes 64 Litoshi.
0.00000064
So we will just wait and see.

[MadGhost]

Its curious but, now the moment with more reward, the people wants to buy more instead of selling or going down more the price.

Yeah, that is interesting. Still not lured to buy some though. Must hit rock bottom first.

Do you think it will go lower than 3 Litoshi? I'm really not so sure.
If so, why?

there is a chance that it will go below 3 Litoshi as long as there is no buy support for this coin.

[coinflow]

From the initial posting in this thread by the dev: "Max coins: 384,400,000,000 MOON (yes, billion!)"
This is, because the distance of the Moon from the Earth is ~384,400 km and for every millimeter there will be one Mooncoin.

Edit: Typos and inserted link above to show again that we still have to solve ~7,000 blocks to get to the serious dropping of the rewards from 2,519,841 per block to ~500,000 (from block 203,158) and shortly thereafter to ~300,000 (from block 203,519 on).

From now to 175 days later
THAN 28.349.760 coin per day to reach 384 B from 179 B will take 7320 days ~ 20 years.

Only the first year is FAST production and we ended already ~%80 of it.
In next few days production will be slower then again slower and much slower.
First will/can be around 21 August..

SO.
Lets talk today.
480.000.000 coin production / per day  (in next few days it will be slower)

If goes to all sell at 4 litoshi.
19.2 LTC  per day needed (BUY SUPPORT) now to NOT TO LOST 4 litoshi at buy point.

So with a nice math we UNDERSTAND that after 175 days this will be only 1.2 LTC
SO prices CAN EASLY GO to 16 X to cover that SLOW production.
That makes 64 Litoshi.
0.00000064
So we will just wait and see.

If the block-solving remains at the current speed, we will not see dropping of mining-rewards by 21st August, but later.
And: Math is NOT reality ...

Edit: Have you seen these nice graphics?
https://bitcointalk.org/index.php?topic=389403.msg8256256#msg8256256
https://bitcointalk.org/index.php?topic=389403.msg8260630#msg8260630

[Wekkel]

Do you think it will go lower than 3 Litoshi?

I don't know. Its about my own valuation approach. Others are free to step in @4 Litoshi at the ask.

[Vlad2Vlad]

Do you know that after 3000 blocks * 90 sec (form now on) = ~75 hours later production will drop sharply.   

What's sharply?  What's the subsidy now and what will the new subsidy be?    Thx.

[virtual_miner]

Do you know that after 3000 blocks * 90 sec (form now on) = ~75 hours later production will drop sharply.  

What's sharply?  What's the subsidy now and what will the new subsidy be?    Thx.

Average 500.000 per block will drop to 300.000 in ~72 hours.

[Vlad2Vlad]

Do you know that after 3000 blocks * 90 sec (form now on) = ~75 hours later production will drop sharply.  

What's sharply?  What's the subsidy now and what will the new subsidy be?    Thx.

Average 500.000 per block will drop to 300.000 in ~72 hours.

Man, I don't consider 40% sharp.  90% would be more like it but that's still massive inflation.

That said, don't expect anything with only a 40% drop in inflation.

I really can't believe the devs haven't killed the inflation yet with a simple code update.  Take it down to 50,000 [or less], a 90% drop. 

Many coins have done it with positive effects.

Cheers!

[atp1916]

This coin!  I remember its (disastrous) launch...still made some BTC off it  

[virtual_miner]

Man, I don't consider 40% sharp.  90% would be more like it but that's still massive inflation.

Good news is that it is only fo 50.000 Blocks, the next one is also in very short period. ~50 days.

[patryk006]

UPDATE

NEW website for our faucet:


Up to 100k MoonCoin for each dispense

http://moon.rena-faucet.com/

[redjedievolution]

wow more than 2bn bought at 5 litoshi!  

[Wekkel]

That's 100 Litcoins, thus $4,000. Someone is seeing a bright future ahead.

[redjedievolution]

completely agree. Very good investment for next few months... because you can take TONS of them very cheap.... i love this coin i too see a very bright future.

[coinflow]

This coin!  I remember its (disastrous) launch...still made some BTC off it  

It only seemed "disastrous", because nearly every miner on earth wanted to mine it in the first few hours. And because it only was mineable at multipool.us, their servers broke down. And then the flaming begun - especially from those miners, that had only a small machine and came through even worse to add a single hash - hence getting no Mooncoins. So the success of Mooncoin was its curse at the same time.

[coinflow]

Do you know that after 3000 blocks * 90 sec (form now on) = ~75 hours later production will drop sharply.  

What's sharply?  What's the subsidy now and what will the new subsidy be?    Thx.

Average 500.000 per block will drop to 300.000 in ~72 hours.

At the moment we are in the Apollo-phase. Read the previous posts to get the real number of coins mined at the moment (~2.5 million/block) and the timeframe when it will go down again - which is much longer than 72hrs.

Edit: billion/block to million/block

[redjedievolution]

wow! big amounts at 4 litoshi! almost 10bn 

[GrGr]

Do you know that after 3000 blocks * 90 sec (form now on) = ~75 hours later production will drop sharply.  

What's sharply?  What's the subsidy now and what will the new subsidy be?    Thx.

Average 500.000 per block will drop to 300.000 in ~72 hours.

Man, I don't consider 40% sharp.  90% would be more like it but that's still massive inflation.

That said, don't expect anything with only a 40% drop in inflation.

I really can't believe the devs haven't killed the inflation yet with a simple code update.  Take it down to 50,000 [or less], a 90% drop. 

Many coins have done it with positive effects.


Cheers!

+1 There is no strategy here.