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Stinky_Pete
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February 14, 2014, 03:43:57 PM |
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Got my Dimes for emails. Thanks
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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fasbit (OP)
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February 14, 2014, 05:56:11 PM
Last edit: February 14, 2014, 09:37:13 PM by fasbit |
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Price of C-Note:
Don't be too alarmed by the price of c-note dropping. It is expected. Its basic supply & demand issue:
Most "flash" coins that come and go, rise on speculation and whim, and since there is no real use for the coins they die off. C-Note was released on Jan 8th, 2014, but wasn't listed on an exchange for over 1 month. There were lots of people mining the coins and collecting them up. Once they got word of the listing they "dumped" their coins and hope for "any" kind of return. This initial dump will pass and the price should start creeping back up since the coin is fairly difficult to mine.
FAS shares trading - The first round is the only round with 48 hour timer. All other rounds will be 24 hour. I will essentially be pulling these shares off the market, which of course will reduce the supply and increase the demand at the same time.
If you do the math, the client generates 100+/- c-notes every 100+/- seconds ((24hr * 60min * 60sec ))/100 sec = 864 blocks * 100 reward = 86,400 C-Notes Per day. The auction will need to pull at least 10,000 a day off the market to have any impact to reduce the supply. With something to spend them on, there is a demand. Lets see what happens over the course of one week, and see if it doesn't rise. It might be a good time to buy a few thousand and hold them.
**EDIT - I had a math error in my "do the math" statement... fixed. Thanx thy!
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thy
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February 14, 2014, 09:16:54 PM |
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Price of C-Note:
Don't be too alarmed by the price of c-note dropping. It is expected. Its basic supply & demand issue:
Most "flash" coins that come and go, rise on speculation and whim, and since there is no real use for the coins they die off. C-Note was released on Jan 8th, 2014, but wasn't listed on an exchange for over 1 month. There were lots of people mining the coins and collecting them up. Once they got word of the listing they "dumped" their coins and hope for "any" kind of return. This initial dump will pass and the price should start creeping back up since the coin is fairly difficult to mine.
FAS shares trading - The first round is the only round with 48 hour timer. All other rounds will be 24 hour. I will essentially be pulling these shares off the market, which of course will reduce the supply and increase the demand at the same time.
If you do the math, the client generates 100+/- c-notes every 100+/- seconds ((24hr * 60min * 60sec ))/100 sec = 864 C-Notes Per day. If the auction pulls 2000-3000 off the market each day then the supply is reduced. With something to spend them on, there is a demand. Lets see what happens over the course of one week, and see if it doesn't rise. It might be a good time to buy a few thousand and hold them.
Shouldent that be 864 times 100(block reward 100 ?) c-notes, 86 400 per day ? |
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fasbit (OP)
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February 14, 2014, 09:37:59 PM |
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Price of C-Note:
Don't be too alarmed by the price of c-note dropping. It is expected. Its basic supply & demand issue:
Most "flash" coins that come and go, rise on speculation and whim, and since there is no real use for the coins they die off. C-Note was released on Jan 8th, 2014, but wasn't listed on an exchange for over 1 month. There were lots of people mining the coins and collecting them up. Once they got word of the listing they "dumped" their coins and hope for "any" kind of return. This initial dump will pass and the price should start creeping back up since the coin is fairly difficult to mine.
FAS shares trading - The first round is the only round with 48 hour timer. All other rounds will be 24 hour. I will essentially be pulling these shares off the market, which of course will reduce the supply and increase the demand at the same time.
If you do the math, the client generates 100+/- c-notes every 100+/- seconds ((24hr * 60min * 60sec ))/100 sec = 864 C-Notes Per day. If the auction pulls 2000-3000 off the market each day then the supply is reduced. With something to spend them on, there is a demand. Lets see what happens over the course of one week, and see if it doesn't rise. It might be a good time to buy a few thousand and hold them.
Shouldent that be 864 times 100(block reward 100 ?) c-notes, 86 400 per day ? Yes...dammit... i just calculated the blocks and forgot to calculate the coins... thanx |
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sirejoe
Newbie
 Offline
Activity: 12
Merit: 0
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February 15, 2014, 04:12:17 AM |
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Oh ya, I forgot to post before, I got paid my DIMES as well a few days ago.
Cheers!
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fasbit (OP)
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February 15, 2014, 03:52:27 PM |
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drakoin
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February 15, 2014, 05:27:32 PM |
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I have used my C-Notes successfully to buy FAS shares. A clever idea to make a new currency immediately useful for something. I confirm to have received my FAS shares on cryptostocks.com - let the dividend start coming in :-) A new auction round is here: https://bitcointalk.org/index.php?topic=463721I was second winner in "round 1". This seems legit. And it's really exciting, too :-) It's been a pleasure dealing with you ;-) Good luck for your (now "our") mine.  |
no sign of a signature
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fasbit (OP)
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February 15, 2014, 10:37:35 PM |
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price of c-note jumps 100% after auction buy.
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coinerjoe
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February 16, 2014, 08:52:38 PM |
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GOt my shares from auction win  and dividend is coming today too double Im surprised shares are still trading so cheap on poloniex now that you can purchase shares that pay a dividend. I might even pick up some on the exchange myself at these prices. |
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fasbit (OP)
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February 16, 2014, 09:02:39 PM |
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GOt my shares from auction win and dividend is coming today too double Im surprised shares are still trading so cheap on poloniex now that you can purchase shares that pay a dividend. I might even pick up some on the exchange myself at these prices. I agree. Plus the FAS holders as a group own 90% of the c-notes shares from the auction. So if we sell some in a month or two, all the FAS shares get a piece of the profit. I will sell them and deposit the profits as a special dividend. |
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fasbit (OP)
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February 16, 2014, 09:03:47 PM |
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GOt my shares from auction win and dividend is coming today too double Im surprised shares are still trading so cheap on poloniex now that you can purchase shares that pay a dividend. I might even pick up some on the exchange myself at these prices. Plus... i dont think alot of people have heard the gospel of fasbit... haa |
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Manwe
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February 17, 2014, 02:38:29 AM |
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I still don't understand, you said C-NOTE can buy GPU mining hashrate, but your link to for buying a kind of share? So what is the relationship between this share and GPU mining?
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coinerjoe
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February 17, 2014, 03:19:59 AM |
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I still don't understand, you said C-NOTE can buy GPU mining hashrate, but your link to for buying a kind of share? So what is the relationship between this share and GPU mining?
You use the CNOTE you mined or purchased to bid on shares in the auctions being held. Theyre shares of FASBIT which trade on cryptostocks.com similar to how a stock would trade but for bitcoin. FASBIT has mining rigs set up running GPUs which are mining away on coins which are sold at market for BTC. Part of the proceeds are paid out to shareholders in the form of dividends. If you check out thier securities page on cryptostocks.com you can see when the dividends were paid out and the market value of your shares. Most recent dividend was a few hours ago now. |
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coinerjoe
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February 17, 2014, 07:16:00 PM
Last edit: February 18, 2014, 12:50:29 AM by coinerjoe |
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Ok its bounty time fellas. Its time to get CNOTE out to the masses. Like the facebook page and you will receive 100k DIME just PM your DIME address and bitcointalk username to CNOTE after you have liked CNOTE https://www.facebook.com/pages/CNOTE/674784285916863add @fasbit and @CNote_Currency on twitter and send a tweet to @CoinedUp asking them to add CNOTE to thier exchange. Explain to them that they can use CNOTE to participate in auctions for shares of @fasbit These simple steps will net you another 100k DIME. Same process applies here send @fasbit your DIME address and bitcointalk username Once you have received your dime we ask that you visit the FASBIT rep page with a little message telling everyone you received your DIME https://bitcointalk.org/index.php?topic=467530.msg5161726#msg5161726 |
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coinerjoe
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February 18, 2014, 12:51:24 AM |
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come on guys. lets get some likes and some follows.
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evtrmm
Sr. Member
Offline
Activity: 392
Merit: 250
So much for "Community"
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February 18, 2014, 12:58:58 AM |
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I may have been #2 to like it a day or 2 ago. Will shoot my info later.
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coinerjoe
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February 18, 2014, 02:46:22 AM |
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Is there a thread for CNOTE in Chinese? Im sure they would love to participate as well as help it get on an exchange.
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fasbit (OP)
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February 18, 2014, 02:59:56 AM |
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No Chinese Thread... but its on my list!!
Check out C-Note Auction for Round 4
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