[ANN][LEAF] LEAFCOIN - Android wallet launched

[mathew564]

LEAFcoin was one of the best alt coins. I really enjoyed it.

Unfortunately the game is over, because a market showed up, and the big mining whales started to dump their tens of millions. Price is going rapidly down, and unless there'll be someone to make the sacrifice to try to keep it up, this coins is gone within 1-2 days maximum.
And I am sure that NO ONE can keep up with the huge sale which is produced by the big whales.

Anyway, was a nice adventure.

You did a great job with difficulty calculation and stuff, but I am surprised you started to FUD. Maybe you are looking to buy back cheap.

[Mk2vr6]

Of course it does... the coin will value a few satoshi, with a huge difficulty level, halved block. People, and of course the big whales will move tomorrow, day after tomorrow to the next coin which is going to be lunched. No one is going to mine LEAF, etc. I guess you realize the result of this chain reaction.

Inevitably dead. Too bad, I really felt for this coin, but knew right from the start that this is the only possible outcome.

Really.

Same block payout as doge, same block frequency as doge, just 1\5th the level of coins and earlier block halving.  Easy maths says this is very cheap now.

Exactly my thoughts...

[C3ALL]

But should we worry about the massive sell orders?

Hardly massive.  There are about 720m a day being mined so its all relative to total coin production and block halving.

[CoinThinker]

But should we worry about the massive sell orders?

Hardly massive.  There are about 720m a day being mined so its all relative to total coin production and block halving.

Finally someone points out an important aspect, which I also pointed out: the big mine whales are not even on the market yet, and a few millions, maybe a few ten millions are already pushing down the price so hard... they will appear immediately as it gets listed on Cryptsy. It would be GREAT if it wouldn't be listed on Cryptsy for a while in my humble opinion, to  save this coin.

Can you imagine what will happen when they will show up on the market and they'll throw out hundreds of millions of LEAF out there?

[damnation]

Price                    LEAF   BTC
0.00000024   0.5081   0.00000012

The heck is this sell

[atleticofa]

STOP WITH UNPRODUCTIVE DISCUSSIONS PLEASE.

This a good community, and we can't let trolls grab this.




TRANSLATORS GROUP

I would like to begin with the tranlations work for the wallet, and website. I know that chinese version will be available soon.

I contacted dev because I want to organize a translators group.

Feel free to join in: https://docs.google.com/forms/d/1FNNfpeHkLfeQtzoG4zin3cV164HDRULZpW6odbPObGY/viewform

[mmilch]

But should we worry about the massive sell orders?

Hardly massive.  There are about 720m a day being mined so its all relative to total coin production and block halving.

Finally someone points out an important aspect, which I also pointed out: the big mine whales are not even on the market yet, and a few millions, maybe a few ten millions are already pushing down the price so hard... they will appear immediately as it gets listed on Cryptsy. It would be GREAT if it wouldn't be listed on Cryptsy for a while in my humble opinion, to  save this coin.

Can you imagine what will happen when they will show up on the market and they'll throw out hundreds of millions of LEAF out there?

Can you point at least ONE coin which do not have a "whales" on the board ??

[CoinThinker]

But should we worry about the massive sell orders?

Hardly massive.  There are about 720m a day being mined so its all relative to total coin production and block halving.

Finally someone points out an important aspect, which I also pointed out: the big mine whales are not even on the market yet, and a few millions, maybe a few ten millions are already pushing down the price so hard... they will appear immediately as it gets listed on Cryptsy. It would be GREAT if it wouldn't be listed on Cryptsy for a while in my humble opinion, to  save this coin.

Can you imagine what will happen when they will show up on the market and they'll throw out hundreds of millions of LEAF out there?

Can you point at least ONE coin which do not have a "whales" on the board ??

No. Can you point out at least ONE altcoin which didn't lost it's value within a few days being listed on Cryptsy? This is a general problem with altcoins. Unfortunately, no matter how good they are (and as I told I really think LEAF is very very good, and devs made everything they could, didn't just let it hang around), this is what happens with them. Whales don't mine them because they like the coin, they mine because with the easy difficulty level they make 100.000.000 coins/day, which they can sell at a few satoshis, and they make still a lot more money than mining a coin which already has a big difficulty level.

They don't care about the potential, and don't look at it as an investment. For them it's only a quicker, more profitable way for making BTC. They have very large amounts, and they will not risk to wait while their value decrease a lot. If you have 5-10 million of LEAFs, then you probably say: "what the hell, I am going to take my chance, put a sell order at 40 satoshi, and if it hits there it hits, if not then that's it". If you would have on the other hand hundreds of millions, then there is a completely different issue, and you will not play that game. You will start selling, if you have a little brain in smaller chunks, so you don't devalue too much your own coins, but with every sell you just add the new set of coins you want to sell, and so on.

[userpacman]

But should we worry about the massive sell orders?

Hardly massive.  There are about 720m a day being mined so its all relative to total coin production and block halving.

Finally someone points out an important aspect, which I also pointed out: the big mine whales are not even on the market yet, and a few millions, maybe a few ten millions are already pushing down the price so hard... they will appear immediately as it gets listed on Cryptsy. It would be GREAT if it wouldn't be listed on Cryptsy for a while in my humble opinion, to  save this coin.

Can you imagine what will happen when they will show up on the market and they'll throw out hundreds of millions of LEAF out there?

Throw some million here!  we will buy it  

Waiting for block reward to halve  

[C3ALL]

But should we worry about the massive sell orders?

Hardly massive.  There are about 720m a day being mined so its all relative to total coin production and block halving.

Finally someone points out an important aspect, which I also pointed out: the big mine whales are not even on the market yet, and a few millions, maybe a few ten millions are already pushing down the price so hard... they will appear immediately as it gets listed on Cryptsy. It would be GREAT if it wouldn't be listed on Cryptsy for a while in my humble opinion, to  save this coin.

Can you imagine what will happen when they will show up on the market and they'll throw out hundreds of millions of LEAF out there?

A whale miner won't stick a hundred million sell on in one lump.  They will sell slowly over a period of days to maximise return and ensure their selling doesn't tank the value, otherwise they damage their own profit ppby doing so.

Facts remain, this coin has only 20% of the coins doge has, has a quicker block halving, but has same block reward.  If the coin was going to die, you wouldn't see dozens of miners with 20-30+ MH/s turning their rigs to this coin.  They can all see the buy order book and know it could be filled in a single day, but they still mine it. Because they have all run the figures and can see the upside here.

[aaron_m]

I doubt we'll get on Cryptsy yet, they normally have a long waiting time

[userpacman]

How is the wallet translation going? what languages will be available? we're curious!

[C3ALL]

No. Can you point out at least ONE altcoin which didn't lost it's value within a few days being listed on Cryptsy? This is a general problem with altcoins. Unfortunately, no matter how good they are (and as I told I really think LEAF is very very good, and devs made everything they could, didn't just let it hang around), this is what happens with them. Whales don't mine them because they like the coin, they mine because with the easy difficulty level they make 100.000.000 coins/day, which they can sell at a few satoshis, and they make still a lot more money than mining a coin which already has a big difficulty level.

They don't care about the potential, and don't look at it as an investment. For them it's only a quicker, more profitable way for making BTC. They have very large amounts, and they will not risk to wait while their value decrease a lot. If you have 5-10 million of LEAFs, then you probably say: "what the hell, I am going to take my chance, put a sell order at 40 satoshi, and if it hits there it hits, if not then that's it". If you would have on the other hand hundreds of millions, then there is a completely different issue, and you will not play that game. You will start selling, if you have a little brain in smaller chunks, so you don't devalue too much your own coins, but with every sell you just add the new set of coins you want to sell, and so on.

LOT.  Started trading at 10 satoshi on here.   Now sits on cryptsy at 30.  Doge, started as a joke, now around 150. That's without even thinking .

For every sale there is a buyer, and for every buyer a seller.

At the time of writing of the last 30 trades, 4 were at the buy rate, 26 at the sell rate.   That's a 6 to one ratio of buyers to sellers

[demlasjr]

Good job windows wallet developer for stupidity !!! You deserve a medal !

We all get banned from freenode because you are bootstrapping through freenode, which is against their TOS.
You just screwed a nice coin

[roastbeef]

Just got our first block @ Chunky Pools.

Come join us @ https://pool.chunky.ms/leaf/

0% PROP - SSL - Custom MPOS layout - Awesome IRC channel - no downtime! - 1 account for all coins! - profit-switching port!

[portice]

Good job windows wallet developer for stupidity !!! You deserve a medal !

We all get banned from freenode because you are bootstrapping through freenode, which is against their TOS.
You just screwed a nice coin

"Please open up your %appdata%\leafcoin\leafcoin.conf ( if not exists create it ) ( locations will differ for linux and macos, probably something like ~/.leafcoin/leafcoin.conf )

addnode=5.135.161.122
addnode=5.135.181.165
addnode=5.199.149.228
noirc=1

Save - restart wallet

Reason is that we were using freenode irc for bootstrapping this coin. The channel has been closed and some of you might have been banned.

I have spoken to an irc moderator and promised him to update the code so that it will not use any freenode resources anymore.

We will be changing the code and updating the wallets.

For now you can use above fix for p2p node discovery. Thank you.

If you got banned you can join channel #freenode or email freenode at support@freenode.net.

I asked them to close down the leafcoin00 channel which was used for node discovery."

Just in case people dont read the first post

[C3ALL]

Good job windows wallet developer for stupidity !!! You deserve a medal !

We all get banned from freenode because you are bootstrapping through freenode, which is against their TOS.
You just screwed a nice coin

Can you explain the issue in layman terms here? For those of us not that technical.

[mystix]

No. Can you point out at least ONE altcoin which didn't lost it's value within a few days being listed on Cryptsy? This is a general problem with altcoins. Unfortunately, no matter how good they are (and as I told I really think LEAF is very very good, and devs made everything they could, didn't just let it hang around), this is what happens with them. Whales don't mine them because they like the coin, they mine because with the easy difficulty level they make 100.000.000 coins/day, which they can sell at a few satoshis, and they make still a lot more money than mining a coin which already has a big difficulty level.

They don't care about the potential, and don't look at it as an investment. For them it's only a quicker, more profitable way for making BTC. They have very large amounts, and they will not risk to wait while their value decrease a lot. If you have 5-10 million of LEAFs, then you probably say: "what the hell, I am going to take my chance, put a sell order at 40 satoshi, and if it hits there it hits, if not then that's it". If you would have on the other hand hundreds of millions, then there is a completely different issue, and you will not play that game. You will start selling, if you have a little brain in smaller chunks, so you don't devalue too much your own coins, but with every sell you just add the new set of coins you want to sell, and so on.

Well of course this is true. Theres nearly a hundred altcoins based on the same code, all release in a fairly small window of time. They all work in a similar fashion, post almost the same announcement page, work to put themselves on the same websites for promotion and sales. Is is any wonder that speculators look to treat it the same as they've treated the ones that came before?

The only.. and I do mean only thing that can set Leaf or any scrypt altcoin apart from the others is the community it builds. Building projects, building p.r. building ways to use the coin even from the very start. Doge happened on very successful p.r. and set themselves apart, mainly through achieving 1 community set goal. Why? Was it the best idea ever, the Iphone of its age? No, it was a use, a goal that inspired people, a goal that had worldwide public appeal that they could contribute to.

Certainly that doesn't mean anyone should attempt to directly copy their method of success (so far). That would fail badly. Just like no one can copy BTC, since they were the first out of the gate. It does mean that people should learn from their examples and stop pretending that all one needs to do is copy some code, make a few graphics, and all will be well.

Until you have uses for the coin, other then piggy backing on the ones that have gone before. A coin will be used as a tool to stock up on the established coins.

Right now, its looking good around here. Lots of people contributing. Lots of people coming up with graphics and cheerily working on little projects. It looks like something good might actually come of it. At least I'm betting my GPU time on it.

[MickeNorsk]

Here is the new LeafCoin game!

In Beta phase, no winning yet! Will be officially launched tomorrow!

Meanwhile feel free to play and exercise!

http://[Suspicious link removed]/

Just got 780 points mohahah!

Come beat me!

EDIT: leafsnake(dot)tk

[demlasjr]

Good job windows wallet developer !!! You deserve a medal !

We all get banned from freenode because you are bootstrapping through freenode, which is against their TOS.
You just screwed a nice coin

Can you explain the issue in layman terms here? For those of us not that technical.

If you have the wallet opened and you join freenode IRC server you will get IP banned

Good job windows wallet developer for stupidity !!! You deserve a medal !

We all get banned from freenode because you are bootstrapping through freenode, which is against their TOS.
You just screwed a nice coin

"Please open up your %appdata%\leafcoin\leafcoin.conf ( if not exists create it ) ( locations will differ for linux and macos, probably something like ~/.leafcoin/leafcoin.conf )

addnode=5.135.161.122
addnode=5.135.181.165
addnode=5.199.149.228
noirc=1

Save - restart wallet

Reason is that we were using freenode irc for bootstrapping this coin. The channel has been closed and some of you might have been banned.

I have spoken to an irc moderator and promised him to update the code so that it will not use any freenode resources anymore.

We will be changing the code and updating the wallets.

For now you can use above fix for p2p node discovery. Thank you.

If you got banned you can join channel #freenode or email freenode at support@freenode.net.

I asked them to close down the leafcoin00 channel which was used for node discovery."

Just in case people dont read the first post

Thanks for reply. Hope to get the staff unbanning me now....I think I will need to stay the next hours on my 3G connection