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Jiggy0001
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June 25, 2014, 02:23:47 PM |
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I feel stupid for re-investing 10k last week. Why don't I ever listen to myself. Fucking PoW coins fucking me all over again. You can have merged mining, stealth address and everything you want with the best devs in town but with this much inflation and such low traction right now asjfqpwrjieowfhsdlaknf. I'm done chasing a re entry point. When the inflation is back at something reasonable like 5-10 BTC/day I'll get back in until then farewell.
So pissed at myself right now. It's gonna take an other halving in price for the dumb miner to understand that if they want to play alone they are going to play alone. W/o people investing this coin is going to go down still.
Lowering the % every day isn't going to fix anything if you are still going to print 4x what we have in coins right now. You need some kind of reward for investors as well if you are going to keep pow. Halving my money every week isn't gonna cut it.
I'm probably down over 10 BTC on VTC but would have lost way more than this if I held the bag. Poor guy who bought 170k VTC 1 month ago. :/
summer is not a good season for scrypt and scrypt-n. X11 and x13 have the focus but when fall and winter will show up, vtc will rise very fast! my 2¢ Keep your 2cents....this is simply is BS |
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BBristow79
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June 25, 2014, 02:30:36 PM |
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@Jiggy - When you want something to succeed the best route is not to bash the crap out of it. I know deep down you support VTC but almost every comment you make is a negative one.
Try to use your energy for positive functions, everyone can look at the glass half full or half empty. The world is a much nicer place when you choose to look at it half full. If you have nothing positive to say, and you truly want VTC to succeed, try not saying anything at all.
I have nothing against constructive criticism which is sometimes needed to improve something but the underlying message must be of one to improve.
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xingqiaoyin
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June 25, 2014, 02:46:55 PM |
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I feel stupid for re-investing 10k last week. Why don't I ever listen to myself. Fucking PoW coins fucking me all over again. You can have merged mining, stealth address and everything you want with the best devs in town but with this much inflation and such low traction right now asjfqpwrjieowfhsdlaknf. I'm done chasing a re entry point. When the inflation is back at something reasonable like 5-10 BTC/day I'll get back in until then farewell.
So pissed at myself right now. It's gonna take an other halving in price for the dumb miner to understand that if they want to play alone they are going to play alone. W/o people investing this coin is going to go down still.
Lowering the % every day isn't going to fix anything if you are still going to print 4x what we have in coins right now. You need some kind of reward for investors as well if you are going to keep pow. Halving my money every week isn't gonna cut it.
I'm probably down over 10 BTC on VTC but would have lost way more than this if I held the bag. Poor guy who bought 170k VTC 1 month ago. :/
summer is not a good season for scrypt and scrypt-n. X11 and x13 have the focus but when fall and winter will show up, vtc will rise very fast! my 2¢ Mining comfort is only 10% of the equation. The big picture in vert is the commitment of developers to make vtc asic resistant. To make the big picture clearer asic resistant is the key to make a currency of the people by the people and for the people. Btc is going to spike 25% soon 10% more than the average 15%. this is because KnC and Bitmain are "test-running" their capitalist equipment netting millions of dollars in btc at 13G before releasing it to household joe miners like us to scrape the dust mining at 16G difficulty. This is a gamble i personally made holding vtc if it succeeds, i will be a part of history in the making of a currency of the people by the people and for the people. If not well it's expected as going against the asic/capitalism stream has been historically a losing battle. Time will tell if the devs can keep up their fight to the top, so far so good  . I will let go of vtc if 1. Devs lose it and give up asic resistance. 2. Crypto is mass adopted mining becomes more about neccesity like your computer/internet banking instead of a profit making process. All the best and good luck vtc. |
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Cryptor
Newbie
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Activity: 39
Merit: 0
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June 25, 2014, 03:23:10 PM |
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turtoro
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June 25, 2014, 03:44:48 PM |
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without inflation it wouldn't be possible at such levels |
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BBristow79
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June 25, 2014, 03:45:36 PM |
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That's certainly not helping things. The constant sell pressure. It's odd that having a profitable coin to mine can be such a crutch sometimes. |
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rembrandtt
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June 25, 2014, 04:05:34 PM |
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That's certainly not helping things. The constant sell pressure. It's odd that having a profitable coin to mine can be such a crutch sometimes. In the past few weeks it is more profitable to mine X11/X13 with GPUs than nscrypt. It's baffling why some miners continue to use nscrypt if the intention is to collect BTC. With that said I've been mining with X11/X13 to buy VTC. With VTC dropping I'm also losing dollars so I'll now just hold and wait, no more buys at the moment. |
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silencesilence
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Merit: 1000
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June 25, 2014, 04:24:29 PM |
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mega
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June 25, 2014, 04:31:27 PM |
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Mining comfort is only 10% of the equation. The big picture in vert is the commitment of developers to make vtc asic resistant. To make the big picture clearer asic resistant is the key to make a currency of the people by the people and for the people. Btc is going to spike 25% soon 10% more than the average 15%. this is because KnC and Bitmain are "test-running" their capitalist equipment netting millions of dollars in btc at 13G before releasing it to household joe miners like us to scrape the dust mining at 16G difficulty. This is a gamble i personally made holding vtc if it succeeds, i will be a part of history in the making of a currency of the people by the people and for the people. If not well it's expected as going against the asic/capitalism stream has been historically a losing battle. Time will tell if the devs can keep up their fight to the top, so far so good . I will let go of vtc if 1. Devs lose it and give up asic resistance. 2. Crypto is mass adopted mining becomes more about neccesity like your computer/internet banking instead of a profit making process. All the best and good luck vtc. +1 If just everyone understood the meaning of an asic resistant coin, everyone would be cool and calm. Unless : (quoting) "1. Devs lose it and give up asic resistance. 2. Crypto is mass adopted mining becomes more about neccesity like your computer/internet banking instead of a profit making process." Vertcoin will succeed. Its just a matter of time! |
Got my account back! It was hacked. Sorry about it :|
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Jiggy0001
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June 25, 2014, 04:37:48 PM |
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i am tired of all those sectarian that pray to the VTC devs and are telling me that i produce fud or that i am negative...
Where is the problem to address the latest problems and give a clear statement on what is going on atm or what might be done to improve the situation.
scrypt-n is dead... the whole community has moved and history has shown us that we are not looking bad, otherwise we would have seen doge or LTC fight back.
Improvement is the key, but those devs are arrogant as hell.
I am angry, because i am an investor and want to analyze the situation.
So stop telling bullshit about the great future as long as we don't have REAL WORLD solutions.
The reason why i have been in VTC for months now and only day traded the coins once, WAS the dev... the great work and the great PR.
Since the day they announced Stealth addresses the coin went to free fall mode almost.
And i sent them emails with my ideas but they simply don't reply.
so what the hell do you want to do?
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gonzzo
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June 25, 2014, 04:47:43 PM |
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i am tired of all those sectarian that pray to the VTC devs and are telling me that i produce fud or that i am negative...
Where is the problem to address the latest problems and give a clear statement on what is going on atm or what might be done to improve the situation.
scrypt-n is dead... the whole community has moved and history has shown us that we are not looking bad, otherwise we would have seen doge or LTC fight back.
Improvement is the key, but those devs are arrogant as hell.
I am angry, because i am an investor and want to analyze the situation.
So stop telling bullshit about the great future as long as we don't have REAL WORLD solutions.
The reason why i have been in VTC for months now and only day traded the coins once, WAS the dev... the great work and the great PR.
Since the day they announced Stealth addresses the coin went to free fall mode almost.
And i sent them emails with my ideas but they simply don't reply.
so what the hell do you want to do?
and some of us are tired of your whining ... sorry but jeez stop it! as others have mentioned constructive critic is always welcome |
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mega
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June 25, 2014, 05:02:52 PM |
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@Jiggy - When you want something to succeed the best route is not to bash the crap out of it. I know deep down you support VTC but almost every comment you make is a negative one.
Not sure if you want it to succeed, tho. |
Got my account back! It was hacked. Sorry about it :|
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Jiggy0001
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June 25, 2014, 05:08:41 PM
Last edit: June 25, 2014, 05:39:38 PM by Jiggy0001 |
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The only thing I can say is... Be quiet!
I want to see the devs addressing the latest problems here! I want to read their PROFESSIONAL statement in that and not stupid comments like yours... Guys who live in a pink wonderland surrounded by tinkabells and other ferries!
I ASK FOR A STATEMENT FROM THE DEVS. Please explain us what we can do right now... i cannot believe that VTC is just victim to the mutlipools...
what about the algo? is it worth changing it? Do we have any chance against the X11 hype?
What about skein that has been mentioned weeks ago?
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cubevtc
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June 25, 2014, 05:32:53 PM |
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I feel stupid for re-investing 10k last week. Why don't I ever listen to myself. Fucking PoW coins fucking me all over again. You can have merged mining, stealth address and everything you want with the best devs in town but with this much inflation and such low traction right now asjfqpwrjieowfhsdlaknf. I'm done chasing a re entry point. When the inflation is back at something reasonable like 5-10 BTC/day I'll get back in until then farewell.
So pissed at myself right now. It's gonna take an other halving in price for the dumb miner to understand that if they want to play alone they are going to play alone. W/o people investing this coin is going to go down still.
Lowering the % every day isn't going to fix anything if you are still going to print 4x what we have in coins right now. You need some kind of reward for investors as well if you are going to keep pow. Halving my money every week isn't gonna cut it.
I'm probably down over 10 BTC on VTC but would have lost way more than this if I held the bag. Poor guy who bought 170k VTC 1 month ago. :/
There are many who lost a lot in this. You are not alone. When you raised the subject of inflation, some have called you FUD but there were others who quietly pondered upon your point. The idea that Vertcoin has an inflation problem was something alien to the community. For a long time, the Vertcoin community has been living in a happy environment where Vertcoin's value was stable and even raised once a while. They mined Vertcoins and kept them safely in their wallet, believing with a strong faith that Vertcoin would become one of the few top coins and its value would grow just like Bitcoin and Litecoin. They would never sell their Vertcoins, unless to cover their mining costs and daily spending. Inflation was never a problem. There were talks about the enemy scrypt-ASIC for most of its GPU miners remember the ASIC's destructive power in the early days of BTC gpu mining. They feared the scrypt ASIC and soon-to-be scrypt-n ASIC producers would threaten the foundation of Vertcoin and eventually kill gpu mining, just like they did during the Bitcoin days. They sought assurance from the Vertcoin Dev team and they were relieved when the Vertcoin team declared repeatedly and in no uncertain terms that they would defend Vertcoin against ASIC all the way, even to the extend of forking Vertcoin code if the need arise. The community took comfort in the Vertcoin team's strong stand against ASIC and the miners happily went back to their mining. Then came the news of big-time scrypt-ASIC (and soon-to-be scrypt-n ASIC) would be releasing soon. The Vertcoin community was not afraid. They knew they were well protected by the strength of the Vertcoin anti-ASIC capability and the determination of the Vertcoin Dev team to fend off ASIC. In fact, there were some in the community welcomed the news of scrypt-ASIC for they imagined that gpu miners who were mining scrypt coins would realise that scrypt mining could no longer make any profit with the arrival of big-time scypt-ASIC. These scrypt gpu miners would turn to Vertcoin instead and Vertcoin value would rise tremendously. And so this belief spread and many became confident that their Vertcoins would grow in multiple folds. But something went very wrong. Those who predicted that the scrypt gpu miners would turn to Vertcoin and Vertcoin price would rise got it right - partially. These scrypt gpu miners did come in droves but Vertcoin price did not go up as imagined. Instead, Vertcoin price is falling quickly. The newly converted Vertcoin miners did not come to the Vertcoin mining pools or their pride P2Pool networks as what they hoped for. They went to Multipools. These new miners are a different group of people. They do not know Vertcoin. They cannot differentiate Vertcoin from the many altcoins out there. They only know Bitcoin as the 'stable-and-established' coin. And they mine for instant profit - exchanging mined VTC to BTC as soon as they can. Inflation has started to become a problem to Vertcoin – a big problem. The Vertcoin community watches in disbelief as they see their holdings of Vertcoins being decimated. The once strong and stable Vertcoin starts tumbling. Without warning, we have entered into a crisis. While we are facing this deepening crisis, do not despair yet. There is hope. If the Vertcoin team can declare that they will defend Vertcoin against ASIC strongly, they can declare war against the Multipools too. The Vertcoin team has many arsenals up their sleeves against ASIC. I believe they can come up with a set of arsenals against the Multipools too. When this happens, the situation could reverse quickly. What do you think? |
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Jiggy0001
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June 25, 2014, 05:44:24 PM |
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i do think that you pointed out everything correctly!
The only REAL problem that makes this situation worse is that the devs don't say anything...
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turtoro
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June 25, 2014, 05:55:15 PM |
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i do think that you pointed out everything correctly!
The only REAL problem that makes this situation worse is that the devs don't say anything...
They have addressed everything even the inflation issue. Stop it. |
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Jiggy0001
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June 25, 2014, 06:08:03 PM |
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i do think that you pointed out everything correctly!
The only REAL problem that makes this situation worse is that the devs don't say anything...
They have addressed everything even the inflation issue. Stop it. oh... really? |
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turtoro
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June 25, 2014, 06:10:10 PM |
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i do think that you pointed out everything correctly!
The only REAL problem that makes this situation worse is that the devs don't say anything...
They have addressed everything even the inflation issue. Stop it. oh... really? yes...really |
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Jiggy0001
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June 25, 2014, 06:17:00 PM |
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i do think that you pointed out everything correctly!
The only REAL problem that makes this situation worse is that the devs don't say anything...
They have addressed everything even the inflation issue. Stop it. oh... really? yes...really please tell me where i can find it? i would appreciate it a lot. |
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