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March 22, 2014, 12:58:17 PM |
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So what? Other coins can be exchanged for BTC, which in turn can be exchanged for fiat. The BTC is the "product" of value as far as anyone is concerned. I can get amazon gift cards with Noblecoin... doesnt really make a difference (unless I get them cheaper or more profitably)... I could just as well have my rigs pointed at a multipool and use the BTC proceeds to get the gift card. Alternatively, rent them out for the market rate and earn BTC. Similarly GPUC will float around that EQ. Artificially manipulating the prices (by offering the graphics card at non-market prices) will just crash the system. It will either be unsold due to unreasonable prices, or it would be sold out with a loss, leading to an unsustainable business model.
BTC is an experiment, GPUC is an experiment, sit back and enjoy the ride. This coin is trying to be different, most alts have nothing else new tried, if you like the idea buy some coins, if not move along, these are not the droids you are looking for.
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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madbit1000
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March 22, 2014, 01:08:39 PM |
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You are forgetting one very fundamental thing... the miner and his GPUC/MH/day. No matter what push and pull, the market will always settle down to this price range... we can call that the equilibrium price (EQ). If its higher, people all drop their current coin jump to mine this one and sell for that high price till it drops to the EQ price . If its lower, people all drop the coin and go to another coin. This scarcity will have people bidding one other to buy the coin till it reacher EQ range. It would be foolish for the CEO to list prices that are not in this EQ range. I think you are also missing one point. That most of the other coins have no other real purpose other than just being a coin. Gpucoin has something different, they have a product behind the coin. This creates further interest that most of the other coins don't have. So what? Other coins can be exchanged for BTC, which in turn can be exchanged for fiat. The BTC is the "product" of value as far as anyone is concerned. I can get amazon gift cards with Noblecoin... doesnt really make a difference (unless I get them cheaper or more profitably)... I could just as well have my rigs pointed at a multipool and use the BTC proceeds to get the gift card. Alternatively, rent them out for the market rate and earn BTC. Similarly GPUC will float around that EQ. Artificially manipulating the prices (by offering the graphics card at non-market prices) will just crash the system. It will either be unsold due to unreasonable prices, or it would be sold out with a loss, leading to an unsustainable business model. BTC is not a product, Its simply a means of transferring wealth. Like cash. There needs to be support built round the coin or it collapses. like it has done recently. |
You should not buy a warrant unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges
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tavirosu
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March 22, 2014, 01:11:56 PM |
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You are forgetting one very fundamental thing... the miner and his GPUC/MH/day. No matter what push and pull, the market will always settle down to this price range... we can call that the equilibrium price (EQ). If its higher, people all drop their current coin jump to mine this one and sell for that high price till it drops to the EQ price . If its lower, people all drop the coin and go to another coin. This scarcity will have people bidding one other to buy the coin till it reacher EQ range. It would be foolish for the CEO to list prices that are not in this EQ range. I think you are also missing one point. That most of the other coins have no other real purpose other than just being a coin. Gpucoin has something different, they have a product behind the coin. This creates further interest that most of the other coins don't have. So what? Other coins can be exchanged for BTC, which in turn can be exchanged for fiat. The BTC is the "product" of value as far as anyone is concerned. I can get amazon gift cards with Noblecoin... doesnt really make a difference (unless I get them cheaper or more profitably)... I could just as well have my rigs pointed at a multipool and use the BTC proceeds to get the gift card. Alternatively, rent them out for the market rate and earn BTC. Similarly GPUC will float around that EQ. Artificially manipulating the prices (by offering the graphics card at non-market prices) will just crash the system. It will either be unsold due to unreasonable prices, or it would be sold out with a loss, leading to an unsustainable business model. BTC is not a product, Its simply a means of transferring wealth. Like cash. There needs to be support built round the coin or it collapses. like it has done recently. You can do all the support you want when scandals like Mt. Gox happen it's bown to impact the coin. Just like the financial crisis did for fiat currency. |
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sonysasankan
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March 22, 2014, 01:14:49 PM |
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So what? Other coins can be exchanged for BTC, which in turn can be exchanged for fiat. The BTC is the "product" of value as far as anyone is concerned. I can get amazon gift cards with Noblecoin... doesnt really make a difference (unless I get them cheaper or more profitably)... I could just as well have my rigs pointed at a multipool and use the BTC proceeds to get the gift card. Alternatively, rent them out for the market rate and earn BTC. Similarly GPUC will float around that EQ. Artificially manipulating the prices (by offering the graphics card at non-market prices) will just crash the system. It will either be unsold due to unreasonable prices, or it would be sold out with a loss, leading to an unsustainable business model.
BTC is an experiment, GPUC is an experiment, sit back and enjoy the ride. This coin is trying to be different, most alts have nothing else new tried, if you like the idea buy some coins, if not move along, these are not the droids you are looking for. Wow... chill... no need to get all George Bush and patriotic on me . Explaining some simple economics does not make it an irrational "either with us or against us" scenario. This is a forum and ideas and opinions are supposed to clash, countered, learned, unlearned, relearned, etc. Its part of the ride. |
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tagged
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March 22, 2014, 01:19:27 PM |
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So what? Other coins can be exchanged for BTC, which in turn can be exchanged for fiat. The BTC is the "product" of value as far as anyone is concerned. I can get amazon gift cards with Noblecoin... doesnt really make a difference (unless I get them cheaper or more profitably)... I could just as well have my rigs pointed at a multipool and use the BTC proceeds to get the gift card. Alternatively, rent them out for the market rate and earn BTC. Similarly GPUC will float around that EQ. Artificially manipulating the prices (by offering the graphics card at non-market prices) will just crash the system. It will either be unsold due to unreasonable prices, or it would be sold out with a loss, leading to an unsustainable business model.
BTC is an experiment, GPUC is an experiment, sit back and enjoy the ride. This coin is trying to be different, most alts have nothing else new tried, if you like the idea buy some coins, if not move along, these are not the droids you are looking for. Wow... chill... no need to get all George Bush and patriotic on me . Explaining some simple economics does not make it an irrational "either with us or against us" scenario. This is a forum and ideas and opinions are supposed to clash, countered, learned, unlearned, relearned, etc. Its part of the ride. Been a long night, sorry mate! |
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FrankieSaysRelax
Member
 Offline
Activity: 98
Merit: 10
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March 22, 2014, 01:52:16 PM |
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anyone else getting an error "failed to read block" when opening their wallet? Any idea on how to fix this?
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Jude Austin
Legendary
Offline
Activity: 1140
Merit: 1000
The Real Jude Austin
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March 22, 2014, 01:56:30 PM |
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anyone else getting an error "failed to read block" when opening their wallet? Any idea on how to fix this?
Delete everything in AppData/gpucoin EXCEPT for wallet.dat Then open the client again. You will have to download the entire blockchain again. |
Buy or sell $100 of Crypto and get $10! |
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takkaros
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March 22, 2014, 01:58:24 PM |
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I'm absolutely thrilled to see these ideas. To help support, first 20 people that post in the thread will get sponsored by me with a free entry "10k" Wow thats awesome! I hope I got in on time! Thanks! I am also interested. I wish I had enough coins myself!:) THANK YOU!!!! address: GTudrtbP5mvuxcL8MnDxqgw6x8pAuFEHgy |
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DougB62
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March 22, 2014, 02:03:29 PM |
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anyone else getting an error "failed to read block" when opening their wallet? Any idea on how to fix this?
Try: Help-> Debug Window-> Console Type: repairwallet |
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FrankieSaysRelax
Member
Offline
Activity: 98
Merit: 10
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March 22, 2014, 02:09:19 PM |
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Thanks guys. Got it back up.
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cryos75
Newbie
Offline
Activity: 39
Merit: 0
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March 22, 2014, 02:40:52 PM |
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With all the talk about multipools, have the coin devs looked at implementing something like Digishield developed by the Digibyte team to prevent the multipools from influencing the difficulty and getting an advantage over others? DOGE recently implemented it with much success. I'm sure the DGB team would share the code and help when we get to that point. http://www.reddit.com/r/Digibyte/comments/1yn6t1/digibyte_v_20_code_name_digishield/ |
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Bfljosh
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March 22, 2014, 03:02:13 PM |
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I'm absolutely thrilled to see these ideas. To help support, first 20 people that post in the thread will get sponsored by me with a free entry "10k" Wow thats awesome! I hope I got in on time! Thanks! I am also interested. I wish I had enough coins myself!:) THANK YOU!!!! address: GTudrtbP5mvuxcL8MnDxqgw6x8pAuFEHgy Can you stop begging for coins? |
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tagged
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March 22, 2014, 03:06:09 PM |
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takkaros
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March 22, 2014, 03:06:16 PM |
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I'm absolutely thrilled to see these ideas. To help support, first 20 people that post in the thread will get sponsored by me with a free entry "10k" Wow thats awesome! I hope I got in on time! Thanks! I am also interested. I wish I had enough coins myself!:) THANK YOU!!!! address: GTudrtbP5mvuxcL8MnDxqgw6x8pAuFEHgy Can you stop begging for coins? check the quote, friendly person |
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scott0577
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March 22, 2014, 03:50:36 PM |
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Why do I get the feeling that somebody is purposely keeping this coin at BTC0.00000031 on cryptorush.
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tagged
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March 22, 2014, 04:02:33 PM |
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GPU giveaway contest has been retweet by: @aBitcoinGirl = 439 followers @traderberg = 1253 followers @BittrexExchange =759 followers Trying to get this coin some attention! Learn more by clicking this link, then tweet about it! http://www.gpucoinforum.com/viewtopic.php?f=22&t=2750 |
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madbit1000
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March 22, 2014, 04:48:09 PM |
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Why do I get the feeling that somebody is purposely keeping this coin at BTC0.00000031 on cryptorush.
Wont matter soon as when the buyers flood in, this will rip past that figure. |
You should not buy a warrant unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges
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Traderberg
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March 22, 2014, 05:04:38 PM |
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Just to make it clear, I don't have a lot of GPUCoins, but I like the idea of GPUstore and eager to see how it plays out. Waiting for the Sunday launch!  |
I'm the one who knocks!
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tagged
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March 22, 2014, 05:17:48 PM |
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Just to make it clear, I don't have a lot of GPUCoins, but I like the idea of GPUstore and eager to see how it plays out. Waiting for the Sunday launch! Great to see you following / owning some of these coins!!  Thanks for retweeting my tweet too! |
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