atheistftwins
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Activity: 112
Merit: 10
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February 07, 2014, 11:20:22 PM |
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Damn the price is falling BEFORE halving....I'm somewhat considering to stop mining this and just hold for a weeks/months see how this pans out.
I think it's falling from news that mining cannot possibly remain sustainable. I might buy some more if it falls to 3 satoshi asks. I personally believe that the dev will quickly see this and fix the problem. It's a cheap gamble with lot of upside in that scenario.
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virtualdn
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Activity: 1372
Merit: 1093
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February 07, 2014, 11:22:17 PM |
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it's simple to change the script so the reward is higher in the last blocks. this coin will rise not a worry for me!
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1 BTC = 1 BTC
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Alexbalix
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Activity: 42
Merit: 0
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February 07, 2014, 11:27:37 PM |
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it's simple to change the script so the reward is higher in the last blocks. this coin will rise not a worry for me!
The only thing worrying me is the silence from the dev
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deadmanwalking
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February 07, 2014, 11:31:42 PM |
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Damn the price is falling BEFORE halving....I'm somewhat considering to stop mining this and just hold for a weeks/months see how this pans out.
There are actually some huge buys in the pipe. Over 800 mil worth starting at 3 satoshi then dipping. Someone is hoping this crash so they can buy. Not sure if that means anything.
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ManOnTheMoon
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February 07, 2014, 11:36:21 PM |
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Why didn't you dump at 5 satoshis noobs?
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ETH: 0xff90080d7db05ced501f273548841a2c39cf6463
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gambino
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February 07, 2014, 11:39:22 PM |
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When TOP hit some big exchange will see why
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virtualdn
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Activity: 1372
Merit: 1093
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February 07, 2014, 11:39:47 PM |
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Why didn't you dump at 5 satoshis noobs? because some noobs are smarter and know this coin has potential and will grow back more
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1 BTC = 1 BTC
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Jarod1231
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February 07, 2014, 11:40:38 PM |
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it's simple to change the script so the reward is higher in the last blocks. this coin will rise not a worry for me!
The only thing worrying me is the silence from the dev He's actively posting on the reddit page, not here
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placebo
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Activity: 1120
Merit: 1000
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February 07, 2014, 11:41:58 PM |
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Why didn't you dump at 5 satoshis noobs? because some noobs are smarter and know this coin has potential and will grow back more Look at MEOW!!! Was trading at 1 and hit 120!!!! NEVER, I SAY NEVER sell a coin with less then $8 = 1000kh/s return per day. so do your calculations how many days, how many coins and that should be your target price. I think Top will hit 30 one day.
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topdude (OP)
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February 07, 2014, 11:46:12 PM |
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THe unique thing about the coin is that its the way it is.
Ofcorse people will be mining when its 1 coin per block. why not? We would expect the amount of miners to drop, so the amount of blocks the miners get will increase. Thats logic
Anyone who is panic about 1 or 2 satoshi drop, does not really understand how markets or crypto in general works.
And People make the most money on these waves, so for many traders its a good thing.
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placebo
Legendary
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Activity: 1120
Merit: 1000
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February 07, 2014, 11:50:44 PM |
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THe unique thing about the coin is that its the way it is.
Ofcorse people will be mining when its 1 coin per block. why not? We would expect the amount of miners to drop, so the amount of blocks the miners get will increase. Thats logic
Anyone who is panic about 1 or 2 satoshi drop, does not really understand how markets or crypto in general works.
And People make the most money on these waves, so for many traders its a good thing.
+10000
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placebo
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Activity: 1120
Merit: 1000
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February 07, 2014, 11:54:22 PM |
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THe unique thing about the coin is that its the way it is.
Ofcorse people will be mining when its 1 coin per block. why not? We would expect the amount of miners to drop, so the amount of blocks the miners get will increase. Thats logic
Anyone who is panic about 1 or 2 satoshi drop, does not really understand how markets or crypto in general works.
And People make the most money on these waves, so for many traders its a good thing.
+10000 Indeed people that are buying at 1 or 2 will make huge profit, in fact i bought a few at 4 what is still pretty cheap. The 1 coin per block is honestly for me a little low. As you started with blocks of 1M, and then after 40 days dropping to 1 coin per block, mmm, not really right. I would like to see something like 10 - 20K per block as a min. Honestly, when it hit 1 coin per block then i will not mine it, but i will trade it.
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deadmanwalking
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February 07, 2014, 11:54:56 PM |
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THe unique thing about the coin is that its the way it is.
Ofcorse people will be mining when its 1 coin per block. why not? We would expect the amount of miners to drop, so the amount of blocks the miners get will increase. Thats logic
Anyone who is panic about 1 or 2 satoshi drop, does not really understand how markets or crypto in general works.
And People make the most money on these waves, so for many traders its a good thing.
So you started this thread...does that mean you are the dev?
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atheistftwins
Member
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Activity: 112
Merit: 10
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February 07, 2014, 11:55:13 PM |
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THe unique thing about the coin is that its the way it is.
Ofcorse people will be mining when its 1 coin per block. why not? We would expect the amount of miners to drop, so the amount of blocks the miners get will increase. Thats logic
Anyone who is panic about 1 or 2 satoshi drop, does not really understand how markets or crypto in general works.
And People make the most money on these waves, so for many traders its a good thing.
Man I hate repeating myself. Do the math. I have shown in previous posts if topcoin has the market cap of DOGE at 1 coin per block it can only sustain 800kh/s. Anyone can 51% it if they wanted
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SackofBits
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February 07, 2014, 11:57:27 PM |
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THe unique thing about the coin is that its the way it is.
Ofcorse people will be mining when its 1 coin per block. why not? We would expect the amount of miners to drop, so the amount of blocks the miners get will increase. Thats logic
Anyone who is panic about 1 or 2 satoshi drop, does not really understand how markets or crypto in general works.
And People make the most money on these waves, so for many traders its a good thing.
does this mean you will never increase the 1 block reward when it reaches that point?
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Alexbalix
Newbie
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Activity: 42
Merit: 0
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February 07, 2014, 11:57:49 PM |
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THe unique thing about the coin is that its the way it is.
I take it you have no plans to implement changes to the rewards then?
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brokedummy
Legendary
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Activity: 980
Merit: 1004
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February 07, 2014, 11:59:35 PM |
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THe unique thing about the coin is that its the way it is.
Ofcorse people will be mining when its 1 coin per block. why not? We would expect the amount of miners to drop, so the amount of blocks the miners get will increase. Thats logic
Anyone who is panic about 1 or 2 satoshi drop, does not really understand how markets or crypto in general works.
And People make the most money on these waves, so for many traders its a good thing.
does this mean you will never increase the 1 block reward when it reaches that point? There is 10x block every hour and 100x block every day at that point too you know.
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SackofBits
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February 08, 2014, 12:00:24 AM |
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THe unique thing about the coin is that its the way it is.
Ofcorse people will be mining when its 1 coin per block. why not? We would expect the amount of miners to drop, so the amount of blocks the miners get will increase. Thats logic
Anyone who is panic about 1 or 2 satoshi drop, does not really understand how markets or crypto in general works.
And People make the most money on these waves, so for many traders its a good thing.
does this mean you will never increase the 1 block reward when it reaches that point? There is 10x block every hour and 100x block every day at that point too you know. thats still only 100 coins max per block
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topdude (OP)
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February 08, 2014, 12:08:18 AM |
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Man I hate repeating myself. Do the math. I have shown in previous posts if topcoin has the market cap of DOGE at 1 coin per block it can only sustain 800kh/s. Anyone can 51% it if they wanted
Its not really about the market cap in this situation, because the amount of new coins that will be getting minted is almost none. Also this is a experimental coin to see what really will happen. Most cryptos eventually will be reduced to 1 or less. We are just speeding up the process. My personal view is that it will be fine, and the price will go up enough to still give a return to those who remain mining.
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