[GPUC] GPU Coin | Mandatory Wallet Update

[trademark]

Yeah I don't think the IPO is an issue, I snatched up more and I'm sure everybody else did too. So thanks everybody. I'm sitting pretty good now for launch. as long as there is a launch.

Do you know if theres any left? Im still waiting for the CEO to reply back.

[tagged]

@dogmygod. Thanks.  I am truly sorry that this coin has failed to have a successful launch. My intent when starting this auction was to have it end 1 hour after the coin's launched, that has been on the top of my post and in 1/2 of my updates...   "60 minutes after a successful launch". I have yet to see a successful launch so I have not changed the terms of this auction.

[tylerderden]

Yeah I don't think the IPO is an issue, I snatched up more and I'm sure everybody else did too. So thanks everybody. I'm sitting pretty good now for launch. as long as there is a launch.

Do you know if theres any left? Im still waiting for the CEO to reply back.

dont know man. he got back to me pretty quick. maybe re-send?

[jollyriffic]

i've got a simple question

if he were to make the 280x cost say 10 coins, wouldnt that mark the value of the coin and force it to have a high value right out of the gate?

[bayn070]

i've got a simple question

if he were to make the 280x cost say 10 coins, wouldnt that mark the value of the coin and force it to have a high value right out of the gate?

Of course then he would need the product to support it. At the price of 10 per I would be able to purchase 100000.

[djm34]

i've got a simple question

if he were to make the 280x cost say 10 coins, wouldnt that mark the value of the coin and force it to have a high value right out of the gate?

10 coins when a block contains 20k coins lol, I think the CEO would fill for bankruptcy in a very short delay... unless he convinces his distributors to accept gpucoin as payment (which in turns would have to convince all america to use it... and so on... ). Might happen, who knows, but not next week.

[bigjme]

i think the price should be relatively high, but need calculating
as there are 13.5 billion possible coins, how many gpus do we want for that?

or should we set a price say $100 is x amount of coins
what every the CEO bases the coin to gpu price at is what the coins should sell for as who is going to sell them for less then what the owner will give you?

so if we said 100k is $100
the net value for all the coins would be $13.5M

which seems low, so if you said that 50K is $100
the net value for the coins would be $27M

As a comparison, dogecoin has a current market cap of $ 57.9M
so in theory the actual amount of coins for $100 would need to be 25k, and the cap would still be less then that of dogecoin

so i think we need to set a market value and stick to that

at 50k per $100, 50k would be worth about 0.15BTC
Ooo and the premine would be worth about $1.34M


EDIT

By the way, to the IPO's selling at 1million for 0.5BTC
following that price the entire value of every coin would be $4M

doesnt seem right does it? ;-)

[tagged]

per my auction results so far these coins are worth almost 3x the IPO value...

[bigjme]

per my auction results so far these coins are worth almost 3x the IPO value...

yes yet still makes the entire market cap for the coin tiny, at just $5.7M
almost a 10th of what dogecoin is worth

[sonysasankan]

so i think we need to set a market value and stick to that

I don't think that is even remotely possible. The market value is decided by the hordes rushing in or jumping out of the bandwagon. How many GPUCoins a dollar make will constantly fluctuate. And since the physical GPUs are tied to a dollar value, the price for the GPUs too will be ever fluctuating. You cannot artificially set a market value (like minimum wage) and stick to it like unions.

[bigjme]

What i mean is, if the owner states he will trade a 280 for say 150k GPUcoin
would you sell them for less? that is less then $400 for 150k GPU coins

its a theoretic amount, and may not be possible your right, but unless coins start to so something, no coins will stick around. The only reason dogecoin is sticking around is that its being given away constantly. Right now 200k coins is worth about $60
that is if people buy at the 1million coins for 0.5BTC amount

if its not managed some how, this coin could end very quickly, like many other coins we have seen recently that have all crashed and burnt
The entire reason most coins die is those that pump and dump. Which yes there will always be some but to those of us that have been doing this a while, selling is bad for the coin, that is selling below the current price and constantly trying to undercut

[benedictlol]

I may be missing something here, but if you can only spend GPU coins to buy GPUs from GPUCoin, where do your GPUcoins go once GPUCoin CEO has them? Surely GPUCoin then sells their GPUCoins back to us to buy more GPUs? xD

[lemfuture]

i hope its not just limited to gpu we can buy in the future w gpucoin. like tie it on other products maybe 

[phaddie]

I think it would be a neat way to maintain value in the coin.  If you set the price of a GPU at say 100000 gpuc.  Then they will maintain a value (after initial purchases by IPO or whatever) of around there.  So if that GPU is $500 then the coins are a value of $.005 each.  I think there are benefits to this in that the value of the coin will not ever really tank, but it also means that the value will not ever really go up.

  Just spitballing here, any thoughts guys?

  Phad.

[bigjme]

Yes there would be a price, and you can buy the GPU's for GPUcoin only i believe
There will be a market, and fair enough that the CEO should charge a higher amount then their traded for, this will always happen.

but market manipulation is a thing, if coins are sold for a reasonably similar price then the price will stay about the same. Bitcoin proved it easily possible for someone to sell a large amount of coins for a much lower value and drag the price down

[sonysasankan]

What i mean is, if the owner states he will trade a 280 for say 150k GPUcoin
would you sell them for less? that is less then $400 for 150k GPU coins

its a theoretic amount. as right now 200k coins is worth about $60
that is if people buy at the 1million coins for 0.5BTC amount

if its not managed some how, this coin could end very quickly

But that would drag him into bankruptcy. As time goes forward, the number of coins will increase in the world along with greater difficulty in getting those coins. If the prices were locked to a certain amount of GPUC, then essentially, that is stopping the GPUC from fluctuating dynamically. A point will come where it will be deemed too profitable (a steal) to just purchase GPUC with USD and then purchase the cards using the GPUC. That's great for the buyer.... but how is the seller going to procure the cards? He needs to purchase them with USD, and the GPUC he has will eventually be lower in value than the USD he paid for to get the card.

The business model will come to a halt within a month if the price is artificially regulated like that.

[bigjme]

I think it would be a neat way to maintain value in the coin.  If you set the price of a GPU at say 100000 gpuc.  Then they will maintain a value (after initial purchases by IPO or whatever) of around there.  So if that GPU is $500 then the coins are a value of $.005 each.  I think there are benefits to this in that the value of the coin will not ever really tank, but it also means that the value will not ever really go up.

  Just spitballing here, any thoughts guys?

  Phad.

thats exactly what i am getting at. If there is no market control the coin will tank.
if people pump and dump or not, their would be losing money so its in their best interest not to

But that would drag him into bankruptcy. As time goes forward, the number of coins will increase in the world along with greater difficulty in getting those coins. If the prices were locked to a certain amount of GPUC, then essentially, that is stopping the GPUC from fluctuating dynamically. A point will come where it will be deemed too profitable (a steal) to just purchase GPUC with USD and then purchase the cards using the GPUC. That's great for the buyer.... but how is the seller going to procure the cards? He needs to purchase them with USD, and the GPUC he has will eventually be lower in value than the USD he paid for to get the card.

The business model will come to a halt within a month if the price is artificially regulated like that

I know what you mean, but it will take so long to mine enough coins its not worth doing
If the market price was based on the value to gpu price, if the seller charges more coins, then sells them at a higher rate then he will trade them for, he would gain extra from his purchase, keep things running

it is a difficult concept but until a cryptocurrency finds a way to prevent pump and dump, no coin will truly stick around

[djm34]

if everybody use only their gpucoins to buy only gpu's, they won't have any value at all. (since the ceo won't be able to buy gpu with real money). So some pump and dump is needed to set a value indexed to the btc.

[bigjme]

by pump and dump i mean what we usually sell.

Lowest selling value is 0.001
i will under cut it at 0.0009
hmm i will undercut that at 0.0008

the value gets lower and lower and within a few days the coin is worth nothing.
we have seen this a lot lately with things like maxcoin etc.

If the price is too low, gpu's will need a lot of coins. people will get fed up of waiting to get enough coins as it gets hard and just dump them. making it even harder to get a gpu for everyone else as the price drops. See what i am getting at?

Take bitcoins as an example. their worth a lot of money so people sell them for around the same amount. a week or so ago someone decided to sell them for much lower then everyone else. People panicked and sold their cheap. It dropped bitcoin value down a huge amount, to the point where we are still seeing the aftermath with the value at only $600

hell when the market was manipulated you could buy bitcoins as low as $106

[djm34]

That's always the problem with crypto's.