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Author Topic: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta  (Read 415096 times)
Raist
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February 23, 2014, 08:00:08 PM
 #721

If you want to earn - say, I want to earn. I want to earn more, as much as possible. It is legit.
But for God's sake - do not shoot the breeze about justice, democracy (lol) and freedom. That is not personal message. In fact all this crypto theme is a manuscript for those who can read.
Be a man, be honest. "I want to change the rules because then I will earn more!". Period! And support your point of view you have every right to do this.  
   
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February 23, 2014, 08:02:28 PM
 #722

All I have read in this thread leads me to the conclusion: any change in conditions will be bad. Still none knows will the altcrypto's market be here for even several months (so any investor, even miners carry some risk, even email owners are possibly loosing their time and energy for nothing). Also I'm very sad to see so many doublethinking especially these days. Oh yeah we decided, we had a deal.... but wait.... we can earn more...verba volant... let us have democratic procedure to cancel democratic agreement...  I'm sick of that.

+1

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February 23, 2014, 08:02:58 PM
 #723

Oh yeah we decided, we had a deal.... but wait.... we can earn more...verba volant... let us have democratic procedure to cancel democratic agreement...  I'm sick of that.

 +1 early-birds have a good chance to sell exocoin like 10000% more expensive in a long run but we are discussing even more preferences. That's mad.  

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February 23, 2014, 08:13:47 PM
 #724

Oh yeah we decided, we had a deal.... but wait.... we can earn more...verba volant... let us have democratic procedure to cancel democratic agreement...  I'm sick of that.

 +1 early-birds have a good chance to sell exocoin like 10000% more expensive in a long run but we are discussing even more preferences. That's mad.  

So how much did you invest before yesterday?

I think the point is that even the dev's have recognized that so many early-birds could easily mean that the other rounds of investment can earn more EXO with less investment and virtually no risk.   I fail to see how people don't think that is a bad idea.   The only way this works under the original plan is if thousands and thousands of people signup for email coins, and exponentially more people buy into the later funding rounds as it looks more 'real' over time.

So what happens if only 900 people sign up for emails, and only another 20-30btc show up for the rest of the funding options.     Well then early birds get shafted with a capital S.    It destroys the trust in trying to support a innovative idea at the ground floor.  We did not get the luxury of walking into a fully developed business plan.  Instead we walked into a half-baked idea about how to do something a little bit better.   It is now much more likely to be realized because a 140+ people threw $600+ at it before the foundation was poured.   

And now the thread is filling up with new people who want to walk in after the roof is on, and pull a chair up to the woodstove and ask for some hot-chocolate?

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February 23, 2014, 08:20:17 PM
 #725

I  am still suspicious, even if it's a real project. I doubt very much any of the developers have cryptographic skills.

Even if it's launched, we don't have any clue how safe it would be in real world once under attack by real hackers.  


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February 23, 2014, 08:21:25 PM
 #726


I  am still suspicious, even if it's a real project. I doubt very much any of the developers have cryptographic skills.

Even if it's launched, we don't have any clue how safe it would in real world once under attack by real hackers.   



Me too

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February 23, 2014, 09:28:34 PM
 #727

% is not best way, because we don't know how many people will be in each stage. Why not just set price for eXo for different stages and email giveaway. For example for early bird 100,000 eXo for 1btc, second stage 60,000 eXo for 1btc, 30,000 for 3 stage. For each email 100 eXo.

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February 23, 2014, 09:37:18 PM
 #728

If only have to useless discussion it is better to keeping the original plan. 15% 10% 5% and 50% mining.
170BTC is not that much. Enough to pay for a good 4-5 devs for a few months + hosting + some more money for marketing. Thus able to get the project off the paper.
If you invested 1BTC = ~ 80,000 exo and he comes to the price of 0.00009 nxt already 7.2BTC of a good profit. Compared with nxt, 100,000,000 is 10x less coins. 0.0009 would 72BTC. Dreaming does not cost anything.
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February 23, 2014, 09:42:26 PM
 #729

i think we can give the 1st round guys (who send to dev team btc address directly!)more percentage exo coin!

they are the people who really take some risk!

eXo advertised escrow on the OP, so those using escrow should be on the same field as those that didn't. Regardless, doesn't really matter what we say, it's up to eXo at this point.  I would recommend at least 20% for early bird, especially if you are rewarding 50% to miners who take absolutely zero risk.
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February 23, 2014, 09:45:36 PM
 #730

If only have to useless discussion it is better to keeping the original plan. 15% 10% 5% and 50% mining.
170BTC is not that much. Enough to pay for a good 4-5 devs for a few months + hosting + some more money for marketing. Thus able to get the project off the paper.
If you invested 1BTC = ~ 80,000 exo and he comes to the price of 0.00009 nxt already 7.2BTC of a good profit. Compared with nxt, 100,000,000 is 10x less coins. 0.0009 would 72BTC. Dreaming does not cost anything.

1 btc 80,000 exo
Translate op 20,000 exo. At current price 0.25 btc. I think it is too high. This means that devs did not plan for high volume btc ipo.

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February 23, 2014, 09:49:55 PM
 #731

Just read part of the whitepaper,
this coin has some interesting new concepts.

I'm tempted to invest a small amount in the 2nd IPO round ( providing Anon136 extends his service into a 2nd round IPO ),

I would like to hear what other people think of the whitepaper. Maybe get some knowledgeable impressions.
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February 23, 2014, 09:54:45 PM
 #732

Ex post facto i.e. retroactive rules must be avoided. Stick to what has been announced by devs during first stage according to which people have invested. That is the ann-post and this
https://bitcointalk.org/index.php?topic=430467.msg4756591#msg4756591

We have been told 1st stage get more exo for btc than 2nd. That is fair enough.

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February 23, 2014, 09:59:50 PM
 #733

Ex post facto i.e. retroactive rules must be avoided. Stick to what has been announced by devs during first stage according to which people have invested. That is the ann-post and this
https://bitcointalk.org/index.php?topic=430467.msg4756591#msg4756591

We have been told 1st stage get more exo for btc than 2nd. That is fair enough.
The 1st stage gets 15% of the distribution, but if less BTC is received for the second stage, the second stage investors would actually get more EXO for their BTC. I kind of hope this happens, because the complaining will be hilarious.
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February 23, 2014, 10:05:13 PM
 #734

while this is true what exokk wrote - we have just discussed about that point. Although we think it is rather unlikely to happen at all we will do the following just in case that it will happen anyway:

lets assume that an early bird would get less EXO from his/her investment than a 2nd stager (both invested equal amount of course).

the early bird block (15%) would be extended -  in this case "stealing it" from the 2nd stage block (lets say 15% -> 17% and 10% -> 8% then). The procentual amount of the "stealing" would be choosen to be, so that early birds will get at least some EXO more than 2nd stager for the same investment to make it more fair (the earlier you invest the more risks you have the more EXO you want to receive). [this applies to the situation 2nd <->3rd stage unfairness, too ofcourse]

But as exokk already has written: We would naturally expect, that you get more EXO out of your (same amount of) investment at 1st than at 2nd than at 3rd stage even without the correction process that I just wrote down here.


I hope this will help you. In our oppinion this is the best solution to be fair to everyone and to honor early investors risks.

eXocoin team

Interesting and very fair without moving the 50% mining, which I consider an untouchable point for success of this project
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February 23, 2014, 10:05:20 PM
 #735

Ex post facto i.e. retroactive rules must be avoided. Stick to what has been announced by devs during first stage according to which people have invested. That is the ann-post and this
https://bitcointalk.org/index.php?topic=430467.msg4756591#msg4756591

We have been told 1st stage get more exo for btc than 2nd. That is fair enough.
The 1st stage gets 15% of the distribution, but if less BTC is received for the second stage, the second stage investors would actually get more EXO for their BTC. I kind of hope this happens, because the complaining will be hilarious.

Unfortunately for you, the dev already said it won't happen
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February 23, 2014, 10:06:37 PM
 #736

Ex post facto i.e. retroactive rules must be avoided. Stick to what has been announced by devs during first stage according to which people have invested. That is the ann-post and this
https://bitcointalk.org/index.php?topic=430467.msg4756591#msg4756591

We have been told 1st stage get more exo for btc than 2nd. That is fair enough.
The 1st stage gets 15% of the distribution, but if less BTC is received for the second stage, the second stage investors would actually get more EXO for their BTC. I kind of hope this happens, because the complaining will be hilarious.

Yes, I find most complaining to be hilarious.
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February 23, 2014, 10:08:51 PM
 #737

Ex post facto i.e. retroactive rules must be avoided. Stick to what has been announced by devs during first stage according to which people have invested. That is the ann-post and this
https://bitcointalk.org/index.php?topic=430467.msg4756591#msg4756591

We have been told 1st stage get more exo for btc than 2nd. That is fair enough.
The 1st stage gets 15% of the distribution, but if less BTC is received for the second stage, the second stage investors would actually get more EXO for their BTC. I kind of hope this happens, because the complaining will be hilarious.

Please read the link of my post again (eXo_coin dev explanation how to guarantee more exo for btc in 1st stage)
https://bitcointalk.org/index.php?topic=430467.msg4756591#msg4756591

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February 23, 2014, 10:50:21 PM
 #738

Oh my... I hope this is real, because so much money is invested in to this "just another cute story" again.

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February 23, 2014, 11:21:17 PM
 #739


Being away from my workstation for a few hours... I just have one thing to say...  ROFLMAO!!!    Grin

If you are looking for a bargain... I urge all those that participated through Anon136... to commit to giving up 1/3 of their future (potentially) acquired eXo to Anon136 himself!!!    Shocked

Yes... I will do the same too... are YOU willing to do it first though?!?!?    Kiss


Edit:  Oh boy... this is too much fun!!!



wow that's super generous of you smaragda. while i wouldn't turn down a tip i think 1/3 may be a little bit overkill Cheesy

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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February 24, 2014, 12:12:44 AM
 #740

I agree with the idea to vote on this - the devs should come up with a few options they are happy with and then let the investors decide.

+1 totally agree with this solution.

Obviously people who already invested will vote to diminish others potential shares to increase their own.  Roll Eyes That is counter-intuitive to a fair distribution.


Everything sounds reasonable. My suggestion will be - quit everything except 1 stage investors. It will be honest - really they took a risk. But please do not talk any more about "fair distribution" and such shit. Can be good coin, with successful ipo (it is already an achievement), nothing more nothing less.   

Exactly the stupid behavior we should expect when deciding to retroactively change the investment terms. The majority will choose to make changes in their own self interest. Don't claim to be something different than everyone else (specifically Nxt was mentioned) then turn around and do the same thing. NEM has this same problem. Claimed to be egalitarian, but made no effort to actually be egalitarian and had to change the investment terms a million times on-the-fly. I don't understand why no-one can get this right. Seems like it's the part that gets the least thought beforehand, but argued about the most after the fact.

Now you have a party with a conflict of interest in doing whats best for the distribution (1st stage early bird investors), and you want them to choose/vote on making modifications to the distribution model? lmao.

+1000

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