placebo
Legendary
 Offline
Activity: 1120
Merit: 1000
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March 03, 2014, 08:25:32 PM |
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Also coin prices are really related to the market conditions, are we in a bull market or a bear market. If we have a situation like in November again ,then KDC will not trade at 4k sats but at 100k sats. KDC had the bad luck that it was lunched when the bear market started. When you check all the coins, i'm sure that nobody can list 10 coins that are now worth more then 3 months ago.
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The trust scores you see are subjective; they will change depending on who you have in your trust list. |
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KlondikeCoin (OP)
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Activity: 84
Merit: 10
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March 03, 2014, 08:33:07 PM |
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Wallet links of the main site have been updated, links to download the wallets in the OP have been updated.
Things are looking good, time to start pushing the coin again guys!
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toldy
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March 03, 2014, 08:35:09 PM |
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Explain to me how a miner who provides hash rate to a coin in exchange for BTC, butterflies, apple sauce or anything doesn't contribute? You do understand it is the hive of the hash that creates the security and 'trust' of the coin don't you? With only a small pool of enthusiastic followers all you have is a low hash coin vulnerable to attack.
A miner providing hash rate to a coin contributes in that single regard, yes. I supply coins to people willing to buy them. The argument that I somehow cheapen the value of the coin is baseless since the scarcity in this market is that of buyers and as such they set the price regardless of the supply of coins for sale.
This is where your linking is illogical. The act of dumping coins on the market for the current price "to people willing to buy them", so you can exchange them for BTC just saturates the market before demand can increase. Miners who believe in a coin should mine and hold those coins whenever possible. Parting with some here and there is fine, but as long as that isn't what you primarily do.. By your recent posts, you fully admit that you mine and then sell them for BTC on a regular basis. This hurts the value of klondikecoin when you do that.. I'm not prepared to get into a long circular debate with you about these basic principles. With that said, I'm prepared to stand behind my comments and not engage with you any further. I have to get back to my klondikecoin miners.. |
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furyoftheflames
Newbie
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Activity: 38
Merit: 0
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March 03, 2014, 08:36:05 PM |
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The build date still shows the same as the last update. Am I missing something?
Feb 27 2014, 18:21:58
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hoju2k
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March 03, 2014, 08:36:38 PM |
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Ok, that was weird. Installed new wallet, and I got 8 incoming transasctions for 0.227 or so KDC, as "mined". Is Klondike POS now?  Can somebody explain this? Not that are complaining, just curious. |
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holzer
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March 03, 2014, 08:40:51 PM |
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No offense toldy but you sound extremely naive. Everyone is in this to make money. Miners process transactions and are rewarded with coins. What they do with that is their business and if they want to sell them cheap that is their choice. For you to call people out and label them as bad for selling what they mined makes you look dumb imo.
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toldy
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March 03, 2014, 08:44:15 PM |
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No offense toldy but you sound extremely naive. Everyone is in this to make money. Miners process transactions and are rewarded with coins. What they do with that is their business and if they want to sell them cheap that is their choice. For you to call people out and label them as bad for selling what they mined makes you look dumb imo.
You can make a little money today, or a lot more money in a few months when the coin matures and the market has a new demand for a coin. If your idea is to only make a little money today, there are more than 100 altcoins you can mine-and-dump and make a little money with.. I've done this successfully (mine-and-hold) before with Bitcoin, and Litecoin already. |
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KlondikeCoin (OP)
Member
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Activity: 84
Merit: 10
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March 03, 2014, 08:47:50 PM |
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Klondikecoin deposits & withdrawals back up online on coinedup - nice buy support building there too! We have proved ourselves as a community, now lets keep on pushing for wider adoption and recognition! |
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KlondikeCoin (OP)
Member
Offline
Activity: 84
Merit: 10
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March 03, 2014, 08:50:39 PM |
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The build date still shows the same as the last update. Am I missing something?
Feb 27 2014, 18:21:58
Where/on what wallet are you seeing this? Can you go to the debug console and run the command 'getinfo' and report back the protocol version? |
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jackdminer
Newbie
Offline
Activity: 56
Merit: 0
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March 03, 2014, 08:53:52 PM |
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Explain to me how a miner who provides hash rate to a coin in exchange for BTC, butterflies, apple sauce or anything doesn't contribute? You do understand it is the hive of the hash that creates the security and 'trust' of the coin don't you? With only a small pool of enthusiastic followers all you have is a low hash coin vulnerable to attack.
A miner providing hash rate to a coin contributes in that single regard, yes. I supply coins to people willing to buy them. The argument that I somehow cheapen the value of the coin is baseless since the scarcity in this market is that of buyers and as such they set the price regardless of the supply of coins for sale.
This is where your linking is illogical. The act of dumping coins on the market for the current price "to people willing to buy them", so you can exchange them for BTC just saturates the market before demand can increase. Miners who believe in a coin should mine and hold those coins whenever possible. Parting with some here and there is fine, but as long as that isn't what you primarily do.. By your recent posts, you fully admit that you mine and then sell them for BTC on a regular basis. This hurts the value of klondikecoin when you do that.. I'm not prepared to get into a long circular debate with you about these basic principles. With that said, I'm prepared to stand behind my comments and not engage with you any further. I have to get back to my klondikecoin miners.. Wow. Dou you even watch the CoinedUp market for KDC/BTC? The market rarely trades at the ASK and nearly all trades are at the BID. The spread is usually .000005 BTC wide or wider. No one is 'dumping' coin. Dumping is a practice of selling something for less than the cost to produce to obtain an advantage. Why would a 'for profit' miner dump his coin? He wants the highest price for the coin ALWAYS. There is no debate here, no hash, no coin its that simple. The current block reward of 16 coins with a market price of .00004BTC supports a net hash of 100Mh/s at the current competitive rate of all coins. That's just what it is mate. |
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dean0
Newbie
Offline
Activity: 56
Merit: 0
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March 03, 2014, 08:54:19 PM |
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Klondikecoin deposits & withdrawals back up online on coinedup - nice buy support building there too! We have proved ourselves as a community, now lets keep on pushing for wider adoption and recognition! Old logo back please, really don't like this new one. Yes volume has gone up, I bought and sold a few this week for nice nice profit  |
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orddie
Newbie
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Activity: 17
Merit: 0
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March 03, 2014, 08:54:23 PM |
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im back up and running as well.
Thanks all for the help.
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placebo
Legendary
Offline
Activity: 1120
Merit: 1000
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March 03, 2014, 08:57:04 PM |
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No offense toldy but you sound extremely naive. Everyone is in this to make money. Miners process transactions and are rewarded with coins. What they do with that is their business and if they want to sell them cheap that is their choice. For you to call people out and label them as bad for selling what they mined makes you look dumb imo.
You can make a little money today, or a lot more money in a few months when the coin matures and the market has a new demand for a coin. If your idea is to only make a little money today, there are more than 100 altcoins you can mine-and-dump and make a little money with.. I've done this successfully (mine-and-hold) before with Bitcoin, and Litecoin already. Infact he has a point... when you look at the graphs of altcoins, then sometimes it is better to wait, and wait and wait. Not so long again LTC was trading at $2 and it hit $50, now (still) $13, the people that thought mine it and dump it were wrong. Honestly i'm now mining another coin and i'm holding this one for a very long time, it is worth nothing at the moment but i'm pretty sure that it will be worth something. About KDC, when you check that you can only mine 100KDC per 1000Kh/s per day and my rule (before the bear market was) 1000kh/s = $8 then it means that 100KDC = $8 or lets say 100KDC = 0.01BTC (to make it easy) so 1KDC = 0.00010000 and now we are trading at 0.00004800 so a little discount of 50%. Will I buy KDC, yes, i will. Will I mine KDC (mmm, not always, sometimes as i like to mine certain new coins and dump then when they hit the market and use those BTCs for KDC, this is what i did with Suncoin and Dopecoin, mine it in the beginning, hit the market, press the sell button) |
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_bangomatic_
Newbie
Offline
Activity: 17
Merit: 0
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March 03, 2014, 09:05:08 PM |
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Klondikecoin deposits & withdrawals back up online on coinedup - nice buy support building there too! We have proved ourselves as a community, now lets keep on pushing for wider adoption and recognition! Man that logo looks sweet!  |
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theomoplatapus
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March 03, 2014, 09:15:41 PM |
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Klondikecoin deposits & withdrawals back up online on coinedup - nice buy support building there too! We have proved ourselves as a community, now lets keep on pushing for wider adoption and recognition! Old logo back please, really don't like this new one. Yes volume has gone up, I bought and sold a few this week for nice nice profit I actually like the new one. |
#Bitcoin
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furyoftheflames
Newbie
Offline
Activity: 38
Merit: 0
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March 03, 2014, 09:16:02 PM |
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The build date still shows the same as the last update. Am I missing something?
Feb 27 2014, 18:21:58
Where/on what wallet are you seeing this? Can you go to the debug console and run the command 'getinfo' and report back the protocol version? I downloaded the file after it was announced the link on the first page was updated for the Windows wallet. I backed up my wallet.dat file, then deleted all files but the wallet.day in the %appdata%\Roaming\Klondikecoin folder. Updated klondikecoin.conf file with nodes reported as working properly.  { "version" : 80601, "protocolversion" : 70002, "walletversion" : 60000, "balance" : 48.00000000, "blocks" : 86176, "timeoffset" : 1, "connections" : 8, "proxy" : "", "difficulty" : 1.04829164, "testnet" : false, "keypoololdest" : 1392345058, "keypoolsize" : 106, "paytxfee" : 0.00000000, "mininput" : 0.00001000, "errors" : "" } |
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Jilixi
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March 03, 2014, 09:17:49 PM |
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The build date still shows the same as the last update. Am I missing something?
Feb 27 2014, 18:21:58
Where/on what wallet are you seeing this? Can you go to the debug console and run the command 'getinfo' and report back the protocol version? I downloaded the file after it was announced the link on the first page was updated for the Windows wallet. I backed up my wallet.dat file, then deleted all files but the wallet.day in the %appdata%\Roaming\Klondikecoin folder. Updated klondikecoin.conf file with nodes reported as working properly.  { "version" : 80601, "protocolversion" : 70002, "walletversion" : 60000, "balance" : 48.00000000, "blocks" : 86176, "timeoffset" : 1, "connections" : 8, "proxy" : "", "difficulty" : 1.04829164, "testnet" : false, "keypoololdest" : 1392345058, "keypoolsize" : 106, "paytxfee" : 0.00000000, "mininput" : 0.00001000, "errors" : "" } Did you follow the instructions on the first page? |
Owner of BlackCoin Store - BlackCoin StoreBC: BNatbck1SDJebHRMQemkUEFPVZR9uLHLrM BTC: 161EcdmbgmxpZMk2ssZCjGQqB6gypduu97 |
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KlondikeCoin (OP)
Member
Offline
Activity: 84
Merit: 10
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March 03, 2014, 09:29:14 PM |
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The build date still shows the same as the last update. Am I missing something?
Feb 27 2014, 18:21:58
Where/on what wallet are you seeing this? Can you go to the debug console and run the command 'getinfo' and report back the protocol version? I downloaded the file after it was announced the link on the first page was updated for the Windows wallet. I backed up my wallet.dat file, then deleted all files but the wallet.day in the %appdata%\Roaming\Klondikecoin folder. Updated klondikecoin.conf file with nodes reported as working properly.  { "version" : 80601, "protocolversion" : 70002, "walletversion" : 60000, "balance" : 48.00000000, "blocks" : 86176, "timeoffset" : 1, "connections" : 8, "proxy" : "", "difficulty" : 1.04829164, "testnet" : false, "keypoololdest" : 1392345058, "keypoolsize" : 106, "paytxfee" : 0.00000000, "mininput" : 0.00001000, "errors" : "" } Did you follow the instructions on the first page? Did you download the new windows wallet aswell? As that looks to show the old one. You'll need to delete the folders again and re sync the blockchain using the new wallet. Windows: http://klondikecoin.com/downloads/KlondikeForWindows.zipMAC: http://klondikecoin.com/downloads/KlondikeForMac.zip |
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jackdminer
Newbie
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Activity: 56
Merit: 0
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March 03, 2014, 09:39:14 PM |
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Placebo - with all due respect the effort to mine a coin does not set the price so none of this is predictive of the future price:
"About KDC, when you check that you can only mine 100KDC per 1000Kh/s per day and my rule (before the bear market was) 1000kh/s = $8 then it means that 100KDC = $8 or lets say 100KDC = 0.01BTC (to make it easy) so 1KDC = 0.00010000 and now we are trading at 0.00004800 so a little discount of 50%."
It could take $5 worth of effort to mine (n) number of coins in a day and if the highest bidder only was willing to pay $1 for all that effort that is the price.
On the supply side few people will be willing to sell for less then the cost of work, or the fair market value for that work against other coins. Out of this two sided behavior a market is born.
In a sense all the reward reduction did was reduce the sustainable network hash rate of the coin, it will not increase the supply of bidders or the amount they are willing to pay. Just asking for a higher price will not generate a trade and the market will dry up as the spread widens.
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placebo
Legendary
Offline
Activity: 1120
Merit: 1000
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March 03, 2014, 09:50:01 PM |
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Placebo - with all due respect the effort to mine a coin does not set the price so none of this is predictive of the future price:
"About KDC, when you check that you can only mine 100KDC per 1000Kh/s per day and my rule (before the bear market was) 1000kh/s = $8 then it means that 100KDC = $8 or lets say 100KDC = 0.01BTC (to make it easy) so 1KDC = 0.00010000 and now we are trading at 0.00004800 so a little discount of 50%."
It could take $5 worth of effort to mine (n) number of coins in a day and if the highest bidder only was willing to pay $1 for all that effort that is the price.
On the supply side few people will be willing to sell for less then the cost of work, or the fair market value for that work against other coins. Out of this two sided behavior a market is born.
In a sense all the reward reduction did was reduce the sustainable network hash rate of the coin, it will not increase the supply of bidders or the amount they are willing to pay. Just asking for a higher price will not generate a trade and the market will dry up as the spread widens.
Maybe you're right, maybe you're not. Before the fork was announced KDC was trading at 3500, now we hit 6000 yesterday and today 5000, so indirectly the fork already increase the price. But of course just changing the structure is not helping the future of KDC, what is helping the future of KDC is 1. Added to coinpayments.net 2. kdcgoods.com website 3. cryptogamecode website 4. Hostdab, and other websites allowing KDC as payment method. 4. New website In progress: 1. New KDC exchange 2. Manymore This is a LOT more important then the fork. The fork WAS NEEDED to decrease the deflation (or in fact inflation of coins) and to get the dumpers out of the system. Now 80% of the people that are mining KDC at the moment are believer of KDC, long term believers. Also the KDC has been increased a lot, in fact it almost doubled. New marketing leader, some other people added to the KDC team. KDC has changed from a quiet coin to a active coin. As i'm sure that you also need to admit that the results of the last few weeks is impressive. |
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