Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer

[WHaze]

You may want to read my post again, i've never said you were responsible for anything except being annoying.

''saying/predicting the truth'' WOW such vanity, such selfesteem !

@reinmar532, reducing the block reward is changing the rules in the middle of the game, it's killing people's trust. Trying some fony and temporary modification for the coin to be pumped is a very bad idea that may be helpful at first but will lead to a very brutal decline if not death of the coin.

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[Jiggy0001]

You may want to read my post again, i've never said you were responsible for anything except being annoying.

''saying/predicting the truth'' WOW such vanity, such selfesteem !

@reinmar532, reducing the block reward is changing the rules in the middle of the game, it's killing people's trust.

i told weeks ago:

"going under 0.001 and then down to 0.0005"

i don't see where i was wrong?

Did SX change anything? no, it just made a lot of people even more pissed. they bought into the pump and saw their money halving within 2  weeks.
Are you aware of that? You are talking about trust? well, i would not trust a coin which graph shows the same pattern all the time.

For new investors it must be very disappointing. For me it is already pretty standard, because i have been buying VTC since Jan/Feb...

Never gave up hope....

now i say we will go under 0.0004 in two weeks...

and yes, i am felling some kind of panic, thats why i am here again.

We should halve the reward not the price

[WHaze]

Halving the reward isn't a good idea, sure it will benefit all the coins holder/investors like you, but it also will be really unfair for new comers.

With such modification, the price may rise enough (for a short time) for you to get out without loosing money but it will also kill the coin.

[djnocide]

I think a dynamic block reward could be a good option to keep in mind.

[darkota]

Halving the reward isn't a good idea, sure it will benefit all the coins holder/investors like you, but it also will be really unfair for new comers.

With such modification, the price may rise enough (for a short time) for you to get out without loosing money but it will also kill the coin.

Ok idiotic newbie accounts with 4 activity like you piss me the fuck off.

IF THE REWARD ISNT CHANGED, THERE WILL BE NO MORE NEW COMERS, BECAUSE VERTCOIN WILL DIE AND ITS WELL ON ITS WAY THERE.

If you cant understand that, and look at the 10% decrease in price everyday(80% decrease in less than week from sx update), then you are a fucking dumbass of universal proportions.

[reinmar532]

@WHaze

I understand your concerns, but how dropping 80% in value in 2 months is getting people trust? We should stabilize price or Vertcoin will disappear.

[WHaze]

The decreazing price is a concern, sure.

But halving the block reward won't stabilize the price.

The price is determined by seller/buyers, sure the halving will pump the price, but for how long?

[Jiggy0001]

@WHaze

I understand your concerns, but how dropping 80% in value in 2 months is getting people trust? We should stabilize price or Vertcoin will disappear.

i guess he doesnt get it... i was talking to a guy about using VTC as a payment method for his online shop, especially since SX came out.

but how can i explain to him that this is not another shit coin, when he asks about the decrease in price?

of course Bitcoin will be preferred in this case... explaining that VTC is here for a more decentralized matter doesn't make him feel better then...

[darkota]

@WHaze

I understand your concerns, but how dropping 80% in value in 2 months is getting people trust? We should stabilize price or Vertcoin will disappear.

i guess he doesnt get it... i was talking to a guy to use VTC as a payment method for his online shop, especially since SX came out.

but how can i explain to him that this is not another shit coin, when he asks about the decrease in price?

of course Bitcoin will be preferred in this case... explaining that VTC is here for a more decentralized matter doesn't make him feel better then...

Vertcoin can be considered dead when it reaches 10 cents per coin(in probably another week). It's price has been dropping a little less than 10% everyday....

Forget the miners, forget the pools. If the block reward isnt changed, then this coin is dead. I can always make a new pool and get a bunch of people to mine this coin again once the block reward is changed. if it isnt, goodbye vertcoin.

[Jiggy0001]

@WHaze

I understand your concerns, but how dropping 80% in value in 2 months is getting people trust? We should stabilize price or Vertcoin will disappear.

i guess he doesnt get it... i was talking to a guy to use VTC as a payment method for his online shop, especially since SX came out.

but how can i explain to him that this is not another shit coin, when he asks about the decrease in price?

of course Bitcoin will be preferred in this case... explaining that VTC is here for a more decentralized matter doesn't make him feel better then...

Vertcoin can be considered dead when it reaches 10 cents per coin(in probably another week). It's price has been dropping a little less than 10% everyday....

Forget the miners, forget the pools. If the block reward isnt changed, then this coin is dead. I can always make a new pool and get a bunch of people to mine this coin again once the block reward is changed. if it isnt, goodbye vertcoin.

dont mess with WHaze... he doesn't like to hear that.

[WHaze]

Why the hell would halving the block reward increase the price?? (i  mean long term increase, not just a one day pump).

You can manipulate the price for a short period of time but you can't manipulate it for a long time.

The price is set by sellers and buyers and that's something you can't tweak.


I totaly agree with you two when you say we have a problem. I also think VTC will be dead if it falls under 10 cents.
But, I think your solution is really far from a solution., it may work for some days, maybe a week but after that the price will dive again. What will you suggest at that time? Nothing you'll both be out.

[darkota]

@WHaze

I understand your concerns, but how dropping 80% in value in 2 months is getting people trust? We should stabilize price or Vertcoin will disappear.

i guess he doesnt get it... i was talking to a guy to use VTC as a payment method for his online shop, especially since SX came out.

but how can i explain to him that this is not another shit coin, when he asks about the decrease in price?

of course Bitcoin will be preferred in this case... explaining that VTC is here for a more decentralized matter doesn't make him feel better then...

Vertcoin can be considered dead when it reaches 10 cents per coin(in probably another week). It's price has been dropping a little less than 10% everyday....

Forget the miners, forget the pools. If the block reward isnt changed, then this coin is dead. I can always make a new pool and get a bunch of people to mine this coin again once the block reward is changed. if it isnt, goodbye vertcoin.

dont mess with WHaze... he doesn't like to hear that.

WHaze is a newbie account with 4 posts, he doesnt know what the fuck hes saying.

Lower the block reward, cut it by 70%. Forget the dumbass miners and pools atm. I can always and know plenty pool operators, that can make pools for vertcoin fater block reward is cut.

Cutting the block reward will stabilize the price. Too many vertcoins are being minted each day, over 20,000. PLUS, there is no halving, until 4 years from now!!THis coin wont survive 1 year if the block reward isnt cut now.

[Crypto_EX]

The decreazing price is a concern, sure.

But halving the block reward won't stabilize the price.

The price is determined by seller/buyers, sure the halving will pump the price, but for how long?

exactly will increase the price for a short burst so that all these bag holders can get out aka that darkota and jiggy guy then the coin will just die after having it's reputation thrown into the gutter by messing with the block reward some people here are just moaning because they don't want to lose on trades they freely made, accept it people in cryptos u can make profit or loss this is not some ponzi scheme project that only offers profits , DUH ....

[pseudofx]

There is no need to bash here. Let's keep this civilized with meaningful post.

I haven't seen any new post @ http://www.reddit.com/r/vertcoin/comments/2aav7b/tweaking_vertcoin_inflation/

Please post over at reddit. =) If we can get more people to provide insights, it will help speed the process. Going back and forth in this thread does not solve the issue here.

[Jiggy0001]

Why the hell would halving the block reward increase the price?? (i  mean long term increase, not just a one day pump).

You can manipulate the price for a short period of time but you can't manipulate it for a long time.

The price is set by sellers and buyers and that's something you can't tweak.

oh boy  

i knew i was not wrong about you...

[darkota]

For all the dumbass newbies, Vertcoin's block reward will not halve, until  4 years have passed. Only every 4 years, does the block reward halve...think about that for a second.

Vertcoin looses a little under 10% value everyday, because over 20,0000 VTC's are being mined & dumped on the exchanges. In another 2 months, Vertcoins price will be under 1 cent per coin, 2 months from that it'll likely be 10 satoshi per coin.

If the block reward system isnt changed, Now, then this coin will Die. That's a fucking fact.

Look at Darkcoin for god's sakes. It was 50% instamined, and had its block reward cut off more quickly than a knife slicing butter, and it was worth $15 at it's ATH, it's stil worth around $8 now!

[Jiggy0001]

The decreazing price is a concern, sure.

But halving the block reward won't stabilize the price.

The price is determined by seller/buyers, sure the halving will pump the price, but for how long?

exactly will increase the price for a short burst so that all these bag holders can get out aka that darkota guy then the coin will just die after having it's reputation thrown into the gutter by messing with the block reward some people here are just moaning because they don't want to lose on trades they freely made, accept it people in cryptos u can make profit or loss this is not some ponzi scheme project that only offers profits , DUH ....

we do have a deadlock situation now... bag holders are almost every where.... that is not an exclusive problem with VTC.

I am also a bag holder, but i did not dump on any PUMPs, because i was confident.

[WHaze]

So, you are admiting that halving the reward will only lead to a pump that will allow all the bagholders to dump, thus making the price dive and in the end kill the coin.

[darkota]

So, you are admiting that halving the reward will only lead to a pump that will allow all the bagholders to dump, thus making the price dive and in the end kill the coin.

That's not how altcoins work you idiot.

Pumps and Dumps happen, but they dont kill coins like Vertcoin, which offers something new(stealth addresses)

Darkcoin has gone through dozens of pumps/dumps, and its price is stable. Why? BECAUSE ITS BLOCK REWARD WAS CUT.

[Crypto_EX]

For all the dumbass newbies, Vertcoin's block reward will not halve, until  4 years have passed. Only every 4 years, does the block reward halve...think about that for a second.

Vertcoin looses a little under 10% value everyday, because over 20,0000 VTC's are being mined & dumped on the exchanges. In another 2 months, Vertcoins price will be under 1 cent per coin, 2 months from that it'll likely be 10 satoshi per coin.

If the block reward system isnt changed, Now, then this coin will Die. That's a fucking fact.

Look at Darkcoin for god's sakes. It was 50% instamined, and had its block reward cut off more quickly than a knife slicing butter, and it was worth $15 at it's ATH, it's stil worth around $8 now!

at some point it will not be profitable to mine and dump at low prices because of ELECTRICITY COST and we are almost at that point now nobody will just "mine and dump" while making a loss because of electricity cost , your huge experience in cryptos didn't tell you that simple fact ?! also u are so full of it u speak like u r the god of all cryptos and saying that user has 4 posts or that user has  posts , while all you have is some 120 posts yourself that doesn't make u anything special u see i can make those 120+ posts in one day so stop it your posts are full of arrogance and just down right irritating !