[POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦

[vesperwillow]

we are not changing from scrypt people!

all we wanted to discuss is halving the coin, and most people are saying NO.

Changing block reward would also be suicide. Please don't. There's no need.

If you would have bothered to read the original reddit quote you'd have noticed that its a mistake by the author.

I stated I don't keep up, and have been invited in here by several folks within the community to chime in on the recent requests to change the coin.

Ooh, and you sound very concerned. Rage much ASIC freak?

Yes I'm concerned from the standpoint of someone who supports the coin and its agenda, because I've been around long enough to know what happens when you make drastic changes--even a coin halving--it destroys the coin. Most people call for these changes usually because they're afraid of value lowering.

Rage? ASIC freak? I don't even own ASIC Scrypt systems. My farm is GPU.

I hope you'll hit a wall this time around.

Huh?

Your arguments above are very cheap propaganda.

I've been invited in here because my analysis is respected by many members of the community, as is my input. If you don't recognize value, and you can't provide the input I requested in my post (such as , find me a coin whose fundamentals have been changed which also didn't die), then perhaps you're the one lacking insight? Or not, who knows right?

If most of the Altcoins were changing algos in a concerted effort there would be some turmoil shortly, but afterwards one distorting factor would just be missing. YOU.

Yawn

How has it hurt the coin being on Cryptsy? Its in a range like before, maybe 10% less. Good volume though.

Uh, did you not notice the 25% drop in value as soon as folks dumped on Cryptsy? It hasn't returned yet. Honestly POT's floor is 1.1-1.2k if you ask me, which is where it's at right now.

It needs to be taken seriously on the business side, then you'll really see growth. It's going to be a race between POT, DOPE, CANNA and the other marijuana options out there right now.

Best of luck to your endeavors.

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[drwoo]

wow who dumped POT to 20 satoshi on mintpal and why didnt i have any orders???

[jdh015232]

hello potcoin people, enjoying the moon yet? with love
that guy with red
whatever happened to this "investment" thing, OH WAIT

[jrich76]

wow who dumped POT to 20 satoshi on mintpal and why didnt i have any orders???

Surely that was a mistake or typo....I hope no one is dumb enough to do that on purpose.

[drwoo]

hello potcoin people, enjoying the moon yet? with love
that guy with red
whatever happened to this "investment" thing, OH WAIT

That was you who dumped? I wish I would have had an order. Thanks for filling others coffers. That candle may have been red, but my pockets are black, and the grass is green.

[bigc1984]

wow who dumped POT to 20 satoshi on mintpal and why didnt i have any orders???

I did. And there is going to be a lot more dumps when people find out this coin is staying 'scrypt' ewww.

[Sardine]

How many coins were sold at 20?

[dogechode]

too many large exchanges = too much downward pressure. you need to keep in mind that the majority of miners just want to MINE AND IMMEDIATELY SELL. The collection of people on here and reddit and in other places who are fanatically positive about this coin (and other coins, it's not just potcoin) are the minority. If more people would legitimately HOLD then coins would rise faster and more steadily, the problem is most people talk the good talk but in reality the second it goes up a few ticks they are unloading coins like crazy trying to make sure they cover their electric bill, their mining rig investment costs, etc. no one wants to be left holding the bag if the whole scene collapses.

[bdc2343]

looks like the miners control this coin.  Soon there will be 100 million outstanding and it will be impossible to get to $1.00 with that many coins out.  we are going lower and lower.  they can stop this by halving but miners rule. 

[anyone4u]

looks like the miners control this coin.  Soon there will be 100 million outstanding and it will be impossible to get to $1.00 with that many coins out.  we are going lower and lower.  they can stop this by halving but miners rule.  

ok well maybe it might be at the moment etc, but if you remember btc was about .30 when I heard about it. Now its over $500 and got up to $1200, so just remember how history may repeat itself and has a very high probability of doing so with this coin. After all this coin has a product that 3 out of every 5 people on the planet on average use. Can you say that about bitcoin? nope, didn't think so. Also even though the price isn't that much atm, the difficulty hasn't lowered past early March and is at 1.61 million last I checked a few hours ago. It seems people do not care what the difficulty is at or what the price is, they still want this coin, minus the people looking just to pump and dump. I say pot to Pluto in the future, regardless of what the current price is at.

Oh and also if this coin (hopefully will be) used by the mj industry on large levels, when the coin distribution stops, do you think people will just say "ahh well, even though it has lots of demand for it? The big dumpers and pump and dumpers are just hammering the prices, but overall long term it doesn't make any difference what the price is at when there will be no more coins to get in the future as far as mining goes besides for transaction fees or buying them from ppl selling. If anyone wanted a overnight high ass priced coin, the should be somewhere else because this is a long term hold, and by that I mean not just Jan 21 (Release date - today 3/25).

see bitcoin history

2009
Exchange rates published by New Liberty Standard. $1 = 1,309.03 BTC (and theymos thought NLS was overcharging[3])
https://en.bitcoin.it/wiki/History

1 potcoin = almost .01, so if you think ..... then you may be full of it because history shows something different.

Also look at this

Bitcoin began 2013 at $13 a coin, only to ring in 2014 around $800 with worldwide fascination driving the 60-times gain. But according to Boston University Finance Professor Mark Williams the price has really been driven by an influential few. Just 47 people own 29% of all outstanding Bitcoins; 930 own 50%. Another 10,000 folks bring the total owned by the largest coin holders to roughly 75%, leaving a sliver to be split among about 1 million small-change Bitcoiners.
http://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/

[Chronikka]

looks like the miners control this coin.  Soon there will be 100 million outstanding and it will be impossible to get to $1.00 with that many coins out.  we are going lower and lower.  they can stop this by halving but miners rule.  

So you would rather one or two big investors hold all the coins? How about you start mining and supporting our network instead of trying to make a few bucks off of it.

Mining is what distributes the coins as well as secures the network. Never heard anybody criticize miners for being greedy before...

The free market will decide what this coin is worth, we shouldn't need to alter it for artificial gains.

[anyone4u]

also look here

Bitcoin Crashes, Loses Half Of Its Value In Two Days
Tyler Durden's pictureSubmitted by Tyler Durden on 12/07/2013 10:27 -0400

 after hating it at $200 only to love it at $1200 that Bitcoin... would promptly crash. And crash it did: overnight, following previously reported news that China's Baidu would follow the PBOC in halting acceptance of Bitcoin payment, Bitcoin tumbled from a recent high of $1155 to an almost electronically destined "half-off" touching $576 hours ago, exactly 50% lower, on very heave volume, before a dead cat bounce levitated the currency back to the $800

http://www.zerohedge.com/news/2013-12-07/bitcoin-crashes-loses-half-its-value-two-days

So if miners still love their potcoin and just as I have seen no shortage of miners or sellers, people are not stop mining potcoin, not people not stop selling potcoin. So supply and demand, and I can only see more of it happening in the future. Also it is said if you read previous articles I posted above, they say something like the big rise in  bitcoin price was pumped by 47 top account holders. Now we are more diversified and coins of pot in more peoples hands so not as easy to manipulate prices in future as it may now as we are seeing now on potcoin.

[flipme]

I think the price does't matter so much for now, as long as it doesn't fall off a cliff.
Exposure is more important and it will rise on news if the market develops.
If you are a believer, get them cheap now. Let the dump miners do the dirty work.

The talk about changing algos won't go away anymore.
I'm doing Darkcoin since yesterday and I already enjoy the silence and lack of heat mining X11.
My power bill will be cut in half. The chart for the coin looks amazing.

A lot of the hassle regarding fundamental changes in the software would be taken away, if there were an in-app update method contained in the wallet.

[gondel]

Hello,
Is this coin dead already? If not i a selling seeds shipping worldwide, if you are interested you can PM me.

BR,

Gondel

[Viceroy]

Hello,
Is this coin dead already?

BR,

Gondel

Yep.  RIP Potcoin.

[fairglu]

Potcoin network still doing fine

http://coinz.cryptoid.info/diff/?pot

[anyone4u]

Hello,
Is this coin dead already?

BR,

Gondel

Yep.  RIP Potcoin.

sarcasm indeed, and I would think if its trading and being mined still alot heavily compared to any previous time before, its still alive, I am not giving up on it anyway and would suggest others not do so either. It hasn't even worldwide launched yet anyway.

[nomad13666]

Hello,
Is this coin dead already?

BR,

Gondel

Yep.  RIP Potcoin.

Idiot.

[Viceroy]

* Viceroy rolls eyes

[Kreativekrypto]

From one dev to another, go x11. asics by gridseed are literally selling out all over in 2 months all coins that hope to be GPU mined will need a new asic resistant algo. I've followed your coin for awhile, give your loyal ppl x11 algorithm and you can cut mining cost but maintain a great hashrate to secure the blockchain, its a win win.