Nullu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 03:35:18 PM |
|
I'm liking the ideas coming out of this thread now, however at the same time we shoud be mindful now to make big changes when we're not sure how small changes will effect the currency. Right now I think coin movement and tx fees are going to be the biggest contributing factors to the coins success, and once that is done, other ideas will certainly be worth considering.
|
BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
|
|
|
creditcoin_CRD (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 112
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 03:36:26 PM |
|
I'm liking the ideas coming out of this thread now, however at the same time we shoud be mindful now to make big changes when we're not sure how small changes will effect the currency. Right now I think coin movement and tx fees are going to be the biggest contributing factors to the coins success, and once that is done, other ideas will certainly be worth considering.
To an extent I agree. On the other hand being proactive is always better than being reactive.
|
|
|
|
Nullu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 03:41:22 PM |
|
I'm liking the ideas coming out of this thread now, however at the same time we shoud be mindful now to make big changes when we're not sure how small changes will effect the currency. Right now I think coin movement and tx fees are going to be the biggest contributing factors to the coins success, and once that is done, other ideas will certainly be worth considering.
To an extent I agree. On the other hand being proactive is always better than being reactive. I also agree. As long as you don't enforce too many unpredictable features at once. Right now the concept of Premine is easy to understand and follow. As long as any new ideas are also easy to understand and follow, then no matter how complex, they'll be easier for the community to adopt and adapt to.
|
BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
|
|
|
subSTRATA
Legendary
Offline
Activity: 1288
Merit: 1043
:^)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 03:47:54 PM |
|
I'm liking the ideas coming out of this thread now, however at the same time we shoud be mindful now to make big changes when we're not sure how small changes will effect the currency. Right now I think coin movement and tx fees are going to be the biggest contributing factors to the coins success, and once that is done, other ideas will certainly be worth considering.
There is a very specific order of how things should be done else there will be a dissaster. Unless there is protection in place against the possible situation which I've explained earlier it is unrealistic to expect people will be buying PMC for much BTC or whatever other cryptocoin. It would be like buying 1kg gold bar from someone who afterwards leave you solo with a group of Somali pirates or some similar folks. I have calculated my risks and assigned a total 0.05 BTC for buying PMC. That much BTC I can lose but the price at which I'm buying still reflects the chances of ending up with nothing. 0.00001000 1000 0.01 0.00000875 1142.8571 0.00999999 0.00000750 1333.3333 0.00999999 0.00000625 1600 0.01 0.00000500 2000 0.01 Those are my orders at Poloniex, dump dump dumppppppppppppppppppppp! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
theres nothing here. message me if you want to put something here.
|
|
|
Nullu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 03:50:45 PM |
|
I'm liking the ideas coming out of this thread now, however at the same time we shoud be mindful now to make big changes when we're not sure how small changes will effect the currency. Right now I think coin movement and tx fees are going to be the biggest contributing factors to the coins success, and once that is done, other ideas will certainly be worth considering.
There is a very specific order of how things should be done else there will be a dissaster. Unless there is protection in place against the possible situation which I've explained earlier it is unrealistic to expect people will be buying PMC for much BTC or whatever other cryptocoin. It would be like buying 1kg gold bar from someone who afterwards leave you solo with a group of Somali pirates or some similar folks. I have calculated my risks and assigned a total 0.05 BTC for buying PMC. That much BTC I can lose but the price at which I'm buying still reflects the chances of ending up with nothing. It is not like I can just throw out 0.05 BTC so it is either lose that money or get huge pile of PMC. 0.00001000 2000 0.02 0.00000875 1142.8571 0.00999999 0.00000750 1333.3333 0.00999999 0.00000625 1600 0.01 0.00000500 2000 0.01 Those are my orders at Poloniex, dump dump dumppppppppppppppppppppp! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I agree that risk vs reward is a big factor at play, but that's no different than any other coin. I think the potential value is also important to consider in such decisions. I personally would put 0.1 BTC into PMC right now. If I had the BTC free, of course. I hope I will soon. I already have a decent stake, so actually if I bought PMC I would not be contributing to its success. If anything I need to give away or otherwise distribute as much as my PMC as I can afford to do.
|
BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
|
|
|
vlight
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 03:51:43 PM |
|
Those are my orders at Poloniex, dump dump dumppppppppppppppppppppp! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) No ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
|
|
|
|
raveldoni
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 434
Merit: 250
🤖UBEX.COM 🤖
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 03:54:05 PM |
|
Just tried it. Lost 11 Won 40.
|
|
|
|
hilgi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 03:59:48 PM |
|
Good buy! Trade until now on poloniex
2014-01-27 10:54:27 Sell 0.0001 103.0576 0.01030576 2014-01-27 10:54:27 Sell 0.0001 65 0.0065 2014-01-27 10:18:08 Sell 0.0001 10 0.001 2014-01-27 05:51:27 Sell 0.0002 5 0.001 2014-01-27 05:51:27 Sell 0.0002 3.66675 0.00073335 2014-01-27 05:50:44 Buy 0.0002 5 0.001 2014-01-27 05:50:44 Buy 0.0002 21.33325 0.00426665 2014-01-27 04:38:19 Buy 0.0001 22.9413 0.00229413 2014-01-27 04:37:58 Buy 0.00009999 200 0.019998 2014-01-27 04:37:07 Buy 0.00009997 0.8043461 0.00008041 2014-01-27 03:33:46 Sell 0.00008100 5.5198814 0.00044711 2014-01-27 03:33:25 Sell 0.00008200 4.45268 0.00036511 2014-01-27 03:33:06 Sell 0.00008300 2.462 0.00020434 2014-01-27 03:32:38 Sell 0.00008400 2 0.000168 2014-01-27 03:32:14 Sell 0.00008440 17.326 0.00146231 2014-01-27 03:31:50 Sell 0.00008500 6.418 0.00054553 2014-01-27 03:31:29 Sell 0.00008600 12.573 0.00108127 2014-01-27 03:30:50 Sell 0.00009000 1.59 0.0001431 2014-01-27 02:54:16 Buy 0.0001 23.8787 0.00238787 2014-01-27 02:35:14 Buy 0.0001 1.59 0.000159 2014-01-27 02:34:05 Buy 0.0001 1.59 0.000159 2014-01-27 02:30:10 Sell 0.00001100 143.504 0.00157854 2014-01-27 02:29:10 Sell 0.00002000 0.496 0.00000992 2014-01-27 02:27:44 Sell 0.00002000 35 0.0007 2014-01-27 02:27:30 Buy 0.00009900 10 0.00099 2014-01-27 02:26:27 Sell 0.00002000 50 0.001 2014-01-27 02:13:33 Sell 0.00004000 250 0.01 2014-01-27 02:12:56 Sell 0.00009000 10 0.0009 2014-01-27 02:01:56 Sell 0.0001 10 0.001 2014-01-27 02:01:30 Sell 0.0002 3.56675 0.00071335 2014-01-27 01:48:23 Sell 0.0002 3.87725 0.00077545 2014-01-27 01:44:33 Sell 0.0002 2.556 0.0005112 2014-01-27 01:44:17 Sell 0.0003 0.444 0.0001332 2014-01-27 01:34:59 Sell 0.0003 1.14 0.000342 2014-01-27 01:27:21 Sell 0.0004 1.12275 0.0004491 2014-01-27 01:16:39 Buy 0.00045 1 0.00045 2014-01-27 01:10:21 Sell 0.0003 5.3 0.00159 2014-01-27 01:02:48 Sell 0.0003 2.116 0.0006348 2014-01-27 00:46:14 Sell 0.0003 1 0.0003 2014-01-27 00:34:34 Buy 0.0005 0.3975 0.00019875 2014-01-27 00:23:14 Buy 0.0005 10 0.005 2014-01-27 00:19:17 Buy 0.0005 7 0.0035 2014-01-27 00:12:27 Buy 0.0014 1 0.0014 2014-01-27 00:12:09 Buy 0.0012 1 0.0012 2014-01-27 00:11:27 Buy 0.001 1 0.001
Sell at 0.0002 is too much low...
i bought those ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
subSTRATA
Legendary
Offline
Activity: 1288
Merit: 1043
:^)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 04:00:30 PM |
|
Those are my orders at Poloniex, dump dump dumppppppppppppppppppppp! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) No ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Bear says WUUUT? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FCdj1W2U.gif&t=665&c=RWK5O6YGSJB2bg) More of those at http://imgur.com/gallery/ntcjK (yes, it is Japanese stuff!)
|
theres nothing here. message me if you want to put something here.
|
|
|
hilgi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 04:12:34 PM |
|
No wallet for mac?!
If someone can take the source code and create a mac wallet, I am sure they would receive a lot of donations. Would be great! Ok, I hear you! Here you go. Premine Mac OS X Wallet![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FLJglV1i.png&t=665&c=NvULKlU-K4GR0A) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FfEwfR6Q.png&t=665&c=0vpTfFg5m2-11w) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FJx50VXH.png&t=665&c=TybVwBEjZpuYlA) link = https://www.dropbox.com/s/r2yk4v1giocb3ja/Premine-MacOSX-QT-instacash.zipzip md5 = eef78b3c6be73b7381217751c8a5a191 The zip contains premine.conf, put it into ~/Library/Application Support/Premine/ after you launched the wallet for the first time. (From the "Go" menu navigate down to "Go to Folder" or hit Command+Shift+G in Finder / from the OS X desktop, then enter the path and put your conf there). After relaunch your wallet syncs with the network. Please send donations (I have 0 PMC) to: 1b293WfJ3yYm9JyYz9BWJSJ7qou6RANuU Great job! Sending some your way!
|
|
|
|
creditcoin_CRD (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 112
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 04:32:20 PM |
|
Those are my orders at Poloniex, dump dump dumppppppppppppppppppppp! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) No ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Bear says WUUUT? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) More of those at http://imgur.com/gallery/ntcjK (yes, it is Japanese stuff!) DO NOT SEND DEVELOPER ANY COINS FOR DISTRIBUTION, THIS COIN WON'T WORK!
It is funny how you now want to send money towards this coin. And even try to push the price down to get more. But a few days ago this coin was worth zero to you. It will be interesting to see how much you will value it after one month. To his credit I believe he was expecting me to sell the coins as some kind of an IPO.
|
|
|
|
BeeFer310
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 75
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 04:32:28 PM |
|
Cost of producing 1 PMC now is infinite but valuation based on that will utterly fail unless you take into consideration the utility of PMC, security ot network and dozen other factors. For example, will you invest 1 BTC into PMC when some funny guy can come and paralyse mining by mere adding few THashes and reject everyone's tx and blocks? There are people out there who could do it for fun, because they can or some other reason. BOTNET operator might do it to test how much PMC he would get from tx fees and so on. So, a guy paralyses PMC, increases difficulty to 100k and jumps off the chain, what happens next? I think you know.
Makes me sad. Well it does not have to be that way. Bitcoin Testnet artificially drops difficulty to just 0.5 if block is not found after 20 minutes. It does that temporaly, the next block difficulty goes up to same value as one before (for example, 1k > 0.5 > 1k) and then after 2016 blocks classic difficulty retarget kicks in. That system works like charm! That sounds great. I think this system could prevent the coin from the described dilemma
|
|
|
|
creditcoin_CRD (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 112
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 04:35:00 PM |
|
Cost of producing 1 PMC now is infinite but valuation based on that will utterly fail unless you take into consideration the utility of PMC, security ot network and dozen other factors. For example, will you invest 1 BTC into PMC when some funny guy can come and paralyse mining by mere adding few THashes and reject everyone's tx and blocks? There are people out there who could do it for fun, because they can or some other reason. BOTNET operator might do it to test how much PMC he would get from tx fees and so on. So, a guy paralyses PMC, increases difficulty to 100k and jumps off the chain, what happens next? I think you know.
Makes me sad. Well it does not have to be that way. Bitcoin Testnet artificially drops difficulty to just 0.5 if block is not found after 20 minutes. It does that temporaly, the next block difficulty goes up to same value as one before (for example, 1k > 0.5 > 1k) and then after 2016 blocks classic difficulty retarget kicks in. That system works like charm! That sounds great. I think this system could prevent the coin from the described dilemma The thing is: I was VERY VERY close to doing it that way in the first place.
|
|
|
|
creditcoin_CRD (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 112
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 04:41:02 PM |
|
Cost of producing 1 PMC now is infinite but valuation based on that will utterly fail unless you take into consideration the utility of PMC, security ot network and dozen other factors. For example, will you invest 1 BTC into PMC when some funny guy can come and paralyse mining by mere adding few THashes and reject everyone's tx and blocks? There are people out there who could do it for fun, because they can or some other reason. BOTNET operator might do it to test how much PMC he would get from tx fees and so on. So, a guy paralyses PMC, increases difficulty to 100k and jumps off the chain, what happens next? I think you know.
Makes me sad. Well it does not have to be that way. Bitcoin Testnet artificially drops difficulty to just 0.5 if block is not found after 20 minutes. It does that temporaly, the next block difficulty goes up to same value as one before (for example, 1k > 0.5 > 1k) and then after 2016 blocks classic difficulty retarget kicks in. That system works like charm! That sounds great. I think this system could prevent the coin from the described dilemma So basically a lower limit cap on the difficulty if a block isn't found in some time - this keeps transactions moving, while still allowing for a higher difficulty re-adjustment time? The thing is: I was VERY VERY close to doing it that way in the first place. Right, and it keeps the coin from becoming hung - a problem that plagues many a coin.
|
|
|
|
Nullu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 04:42:16 PM |
|
Cost of producing 1 PMC now is infinite but valuation based on that will utterly fail unless you take into consideration the utility of PMC, security ot network and dozen other factors. For example, will you invest 1 BTC into PMC when some funny guy can come and paralyse mining by mere adding few THashes and reject everyone's tx and blocks? There are people out there who could do it for fun, because they can or some other reason. BOTNET operator might do it to test how much PMC he would get from tx fees and so on. So, a guy paralyses PMC, increases difficulty to 100k and jumps off the chain, what happens next? I think you know.
Makes me sad. Well it does not have to be that way. Bitcoin Testnet artificially drops difficulty to just 0.5 if block is not found after 20 minutes. It does that temporaly, the next block difficulty goes up to same value as one before (for example, 1k > 0.5 > 1k) and then after 2016 blocks classic difficulty retarget kicks in. That system works like charm! That sounds great. I think this system could prevent the coin from the described dilemma So basically a lower limit cap on the difficulty if a block isn't found in some time - this keeps transactions moving, while still allowing for a higher difficulty re-adjustment time? The thing is: I was VERY VERY close to doing it that way in the first place. Right, and it keeps the coin from becoming hung - a problem that plagues many a coin. Seeing how the mining block rewards are so essentially tied to transactions being able to move regularly, I would say this is a far bigger issue for Premine than most coins.
|
BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
|
|
|
vlight
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 04:50:29 PM |
|
To his credit I believe he was expecting me to sell the coins as some kind of an IPO.
I was just kidding, subSTRATA. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
|
|
|
|
PalaRIP
Newbie
Offline
Activity: 20
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 05:01:32 PM |
|
Is Poloniex trustworth? I never tried this exchange. I never would sell some PMC there even before it really started, but interesting to know about Poloniex reputation anyway.
So, some experiences?
Thank you and keep up the good work all!
|
|
|
|
BeeFer310
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 75
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 05:05:15 PM |
|
Right, and it keeps the coin from becoming hung - a problem that plagues many a coin.
Seeing how the mining block rewards are so essentially tied to transactions being able to move regularly, I would say this is a far bigger issue for Premine than most coins. Yes this is one of PMC biggest issues. But this is not easy to solve. What’s missing is an infrastructure and people who are using this coin. But it is very difficult to get this from scratch. This is an experiment to see how coins will run when there is no more reward. Bitcoins advantage is that at this time there will be enough traffic to solve the problem respectively to not let the coin die. PMC is not at this stage. It will die if it’s not being used because at some point there will be no more donators to pay the miners. We need to fix this issue but therefore we need to use it and we have to hope that this will not take too long. The script you coded is a workaround to help that the network keeps running. We need to ensure that we can run this network this way for several months because it will take time to building an infrastructure I the coin is hung then there is as far as i know no way without a massive amount of hashrate to get it run again. If this issues is fixable then it need to be fixed asap. i hope you understand me.. i'm not a native speaker
|
|
|
|
creditcoin_CRD (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 112
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 05:08:46 PM |
|
Right, and it keeps the coin from becoming hung - a problem that plagues many a coin.
Seeing how the mining block rewards are so essentially tied to transactions being able to move regularly, I would say this is a far bigger issue for Premine than most coins. Yes this is one of PMC biggest issues. But this is not easy to solve. What’s missing is an infrastructure and people who are using this coin. But it is very difficult to get this from scratch. This is an experiment to see how coins will run when there is no more reward. Bitcoins advantage is that at this time there will be enough traffic to solve the problem respectively to not let the coin die. PMC is not at this stage. It will die if it’s not being used because at some point there will be no more donators to pay the miners. We need to fix this issue but therefore we need to use it and we have to hope that this will not take too long. The script you coded is a workaround to help that the network keeps running. We need to ensure that we can run this network this way for several months because it will take time to building an infrastructure I the coin is hung then there is as far as i know no way without a massive amount of hashrate to get it run again. If this issues is fixable then it need to be fixed asap. i hope you understand me.. i'm not a native speaker Well it can be fixed with a hardfork if it gets hung, but that should be avoided if possible.
|
|
|
|
creditcoin_CRD (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 112
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2014, 05:27:22 PM |
|
Is Poloniex trustworth? I never tried this exchange. I never would sell some PMC there even before it really started, but interesting to know about Poloniex reputation anyway.
So, some experiences?
Thank you and keep up the good work all!
So far it seems ok. I myself have not traded there yet. But I haven't heard anything bad at all. Low volume on all coins right now, but I suspect thats because it is newer.
|
|
|
|
|