primer-
Legendary
 Offline
Activity: 1092
Merit: 1000
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May 04, 2014, 04:38:41 PM |
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Yah but this will become soon a pennystock coin at these current rates.
I dont mine n flip or trade that much on a daily basis. So i am out for now,
btw, don't let primer-'s info discourage you. He's been trolling this thread forever. He has a personally vendetta against myr. So take anything he offers w/ a grain of salt. Daytraders are killing the coin. Most of the trades in the last 24 hours were bot trades, selling between themselves as to raise the volume, price, and get inexpirienced traders to buy in at ridiculous prices (600+). |
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neurorit
Member
Offline
Activity: 184
Merit: 10
Qidex Exchange
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May 04, 2014, 04:41:33 PM |
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no, there's hype surrounding the fact myr is likely going to be added to cryptsy today. what's happening is exactly what happened when myr was added to mintpal.
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foodies123
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May 04, 2014, 04:41:46 PM |
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Lol, lower coin supply to 200 M , current coin supply is over 200M you moron, all lowering does is increase value for early adopters and holders. If coin supply would halve I'd make a fuckton of money, so it would be in my best interest to do so, but my interest does not come first here. Like many have stated our goal is to have a spendable coin not a trading asset plus coin supply is null in the long run for the coin because you know ... it's fucking divisible like bitcoin. Any coin supply reduction done for the sake of scarcity is a scam that favors holders and fuck that. Sure it's never going to be priced at multiple hundred dollars like btc is but we want to buy something for 1-2-5-10-100 myr rather than .00000003 .000000056 ... Logic.
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nope
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primer-
Legendary
Offline
Activity: 1092
Merit: 1000
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May 04, 2014, 04:46:38 PM |
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Lol, lower coin supply to 200 M , current coin supply is over 200M you moron, all lowering does is increase value for early adopters and holders. If coin supply would halve I'd make a fuckton of money, so it would be in my best interest to do so, but my interest does not come first here. Like many have stated our goal is to have a spendable coin not a trading asset plus coin supply is null in the long run for the coin because you know ... it's fucking divisible like bitcoin. Any coin supply reduction done for the sake of scarcity is a scam that favors holders and fuck that. Sure it's never going to be priced at multiple hundred dollars like btc is but we want to buy something for 1-2-5-10-100 myr rather than .00000003 .000000056 ... Logic.
Coin supply changed from 2 billion to 200 million in the last fork ? Good, i told the dev that needs to be done a month ago. Change the first page idiot, it still says 2 billion. |
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foodies123
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May 04, 2014, 04:47:59 PM |
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Lol, lower coin supply to 200 M , current coin supply is over 200M you moron, all lowering does is increase value for early adopters and holders. If coin supply would halve I'd make a fuckton of money, so it would be in my best interest to do so, but my interest does not come first here. Like many have stated our goal is to have a spendable coin not a trading asset plus coin supply is null in the long run for the coin because you know ... it's fucking divisible like bitcoin. Any coin supply reduction done for the sake of scarcity is a scam that favors holders and fuck that. Sure it's never going to be priced at multiple hundred dollars like btc is but we want to buy something for 1-2-5-10-100 myr rather than .00000003 .000000056 ... Logic.
Coin supply changed from 2 billion to 200 million in the last fork ? Good, i told the dev that needs to be done a month ago. Change the first page idiot, it still says 2 billion. Current as in on the market, not max/total coin supply you fuckwitt. |
nope
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foodies123
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May 04, 2014, 04:48:41 PM |
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So in all honesty, who here things myriad will peak at 1200 and then fall back or go passed 1500 this time?
Today expected peak is 700 max, then later in the night back to 500. But in the long run as in a few weeks. Think it can hit 1500 or will it always stay in the 1k range because their are so many coins? Keep in mind that 2,880,000 coins are mined every day. That is a lot of coins. We would need to increase the difficulty across all algos by tenfold to keep the price sustained at 1500. So if this is the case.. Why do people invest in Myriad thinking it will go passed 1k? If its almost impossible because so many coins come out everyday Developer fucked up. MYR : Total coin supply 2 billion. BTC : Total coin supply 21 million. MYR : Daily coin supply : 2,880,000. BTC : Daily coin supply : 3,600. Good news. Its not too late to fork it, lower the total coin supply down to 200 million and daily supply to 288,000. How likely is this to happen ? Very unlikelly unless someone else takes over development. Woa what the fuck.. So why won't the developer do this? He should if he wants a stable good price. This just fucks all up. If it can still be done, why won't he do it? would be dumb to just lower total coins or block rewards with a fork that much. you can't just change those things without losing creadibility. and why should 2 billion be too much ? what your saying is just retarded. if you want to make calculations towards a stable price these are your numbers: btc: 3600 x 430$ = 1548000$ needed for a stable price, given that all new coins are beeing sold myr: 2880000 × 0,0026$ = 7488$ needed for a stable price, given that all new coins are beeing sold. by those numbers i can't see any issue with total coins and daily new coin supply. those are primer's numbers, not sure if those are correct, just saw myr on coinmarketcap, came to check the thread and saw that insane number play that i couldn't leave uncommented. i dont own any myr.... yet. You sir win at basic math and logic. |
nope
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primer-
Legendary
Offline
Activity: 1092
Merit: 1000
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May 04, 2014, 04:49:31 PM |
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Lol, lower coin supply to 200 M , current coin supply is over 200M you moron, all lowering does is increase value for early adopters and holders. If coin supply would halve I'd make a fuckton of money, so it would be in my best interest to do so, but my interest does not come first here. Like many have stated our goal is to have a spendable coin not a trading asset plus coin supply is null in the long run for the coin because you know ... it's fucking divisible like bitcoin. Any coin supply reduction done for the sake of scarcity is a scam that favors holders and fuck that. Sure it's never going to be priced at multiple hundred dollars like btc is but we want to buy something for 1-2-5-10-100 myr rather than .00000003 .000000056 ... Logic.
Coin supply changed from 2 billion to 200 million in the last fork ? Good, i told the dev that needs to be done a month ago. Change the first page idiot, it still says 2 billion. Current as in on the market, not max/total coin supply you fuckwitt. OMG, you retard, not going to waste my time with you...... |
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foodies123
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May 04, 2014, 04:52:04 PM |
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Lol, lower coin supply to 200 M , current coin supply is over 200M you moron, all lowering does is increase value for early adopters and holders. If coin supply would halve I'd make a fuckton of money, so it would be in my best interest to do so, but my interest does not come first here. Like many have stated our goal is to have a spendable coin not a trading asset plus coin supply is null in the long run for the coin because you know ... it's fucking divisible like bitcoin. Any coin supply reduction done for the sake of scarcity is a scam that favors holders and fuck that. Sure it's never going to be priced at multiple hundred dollars like btc is but we want to buy something for 1-2-5-10-100 myr rather than .00000003 .000000056 ... Logic.
Coin supply changed from 2 billion to 200 million in the last fork ? Good, i told the dev that needs to be done a month ago. Change the first page idiot, it still says 2 billion. Current as in on the market, not max/total coin supply you fuckwitt. OMG, you retard, not going to waste my time with you...... You're a waste of matter and resources on our planet. |
nope
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ivanlabrie
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May 04, 2014, 05:26:17 PM |
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Getting down to insults and personal attacks doesn't do this coin or community any good. Jus sayin'
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neuroMode
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May 04, 2014, 05:52:03 PM
Last edit: May 04, 2014, 11:45:14 PM by neuroMode |
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Gentlemen. Coin generation rate means nothing. Do you understand initial pricing on exchanges?
2,880,000 MYR per day x 0.00000500 MYR/BTC = 14.4BTC buy support to maintain 500 MYR assuming every miner dumps every day.
14.4BTC buy support. That's it. You can start to worry when the daily Mintpal volume approaches this number.
How do you increase the value of a coin? You give people reasons to inject their BTC in it. You don't artificially lower the coin generation rate. The innovation alone in this coin gave me a reason to inject my BTC into it on Poloniex. Now, we are doing as much as possible to build projects around Myriad so people feel confident acquiring MYR at a healthy rate.
If you artificially lower the coin generation rate, the price may "rise" initially to a proportional level (which is morally objectionable to even do in the first place), but then you still need the same number of BTC to sustain it at that level. The artificial price rise is equivalent to a pump and offers nothing to the coin except unfair advantage to everyone mining this coin in its early days.
If you invested 1BTC into Litecoin and 1BTC into Myriadcoin, you would need both to increase 100% to get 2BTC despite their relative price difference against BTC. LTC would need to jump from 0.025 LTC/BTC to 0.05 LTC/BTC while MYR would need to jump from 0.00000575 MYR/BTC to 0.00001050 MYR/BTC. Using this logic, I would actually argue that LTC's coin creation rate is way too high because we've only seen it hit 0.05 LTC/BTC once on a glorious pump. There clearly is not enough buy demand to sustain LTC anywhere above 0.03BTC
Argument over.
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neuroMode
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May 04, 2014, 06:06:24 PM |
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Foodies, add his stuff pronto! |
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foodies123
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May 04, 2014, 06:11:09 PM |
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Respect mah autoritheeeyy.
Just kidding, I apologize to the users for my indecent language but as you might have noticed I aleays answered any based and documented complaints/questions in an impecable manner...
And then there's primer, who has done nothing but complain about ... well about everything: algo mix is not good, coin production is too bad, dev is retarded, team sucks at pretty much everything , miners are killing the coin, now traders are killing the coin. You name it he's complained about it. If you think about it a little you start to wonder why the hell is he still around if he hates just about everything myriad stands for.
Let me tell you what his exact problem is and why he rushes to cling to any piece of fairy tale info he can muster in order to badmouth the coin: he's a cpu miner (most likely has access to alot of cpus botnet or something else either way their primary use is not mining), an early adopter of myr that sold low, very low. Now he can neither buy back in because he sold at about half the current price nor can he mine like he did in the first days when diff was low and no gpu miners for one or even two algos. If tomorrow we decided to add xpm or any other botnet friendly algo he'll instantly become a myr supporter again. So what does he decide to dob? Instead of coming up with concrete proposals all he does is trash myr and anyone related to it. I mean come on , cling to that comment that bryce is wolong ? Even if you were a certified mentally retarded person you'd see that was a user posted comment with malitious intent. I mean what if that guy wrote bryce is god would you come here and tell us to praise a guy because you read a comment saying he is? Maybe you overlook his pathetic attempt to fud myr from 2 days ago when he was posting a non existent bitcointalk link about a non existent fatal flaw in myr on twitter, that was a sad thing to watch.
This was a formal explanation to the users in this thread about why I'm fedup with primer and why my reactions to his posts are so uncontroled. This was not a message towards primer thus any reply which will com from him quoting this coment shall be ignored.
Thank you and again I apologize to the community.
Edit this was posted from a phone so excuse the spelling.
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nope
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foodies123
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May 04, 2014, 06:13:02 PM |
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I'll approve them when I get home, sorry I was a little busy over the weekend. NeuroMode quit spazzing bro. |
nope
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jimblasko
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May 04, 2014, 07:15:08 PM |
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Whats Up there Myriad guys! I just wanted to step in today and wish you guys well. BTW "foodies123" is a really good guy! The UNB Team (especially me) is a fan of the MyriadCoin Group, even if foodies starts swearing like a drunken sailor  |
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DLow
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May 04, 2014, 07:22:09 PM |
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Whats Up there Myriad guys! I just wanted to step in today and wish you guys well. BTW "foodies123" is a really good guy! The UNB Team (especially me) is a fan of the MyriadCoin Group, even if foodies starts swearing like a drunken sailor Haha, he has a fowl language sometimes, but can't beat a character person rather than an untouchable slimey 0815 guy. We like our foodies. The smartest thing about Myriad is the clever implementation of Foodies (PoGTFO). |
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neuroMode
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May 04, 2014, 07:32:26 PM |
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Gentlemen. Coin generation rate means nothing. Do you understand initial pricing on exchanges?
2,880,000 MYR per day x 0.00000500 MYR/BTC = 14.4BTC buy support to maintain 500 MYR assuming every miner dumps every day.
14.4BTC buy support. That's it. You can start to worry when the daily Mintpal volume approaches this number.
How do you increase the value of a coin? You give people reasons to inject their BTC in it. You don't artificially lower the coin generation rate. The innovation alone in this coin gave me a reason to inject my BTC into it on Poloniex. Now, we are doing as much as possible to build projects around Myriad so people feel confident acquiring BTC at a healthy rate.
If you artificially lower the coin generation rate, the price may "rise" initially to a proportional level (which is morally objectionable) but then you still need the same number of BTC to sustain it at that level. The artificial price rise is equivalent to a pump and offers nothing to the coin except unfair advantage to everyone mining this coin in its early days.
If you invested 1BTC into Litecoin and 1BTC into Myriadcoin, you would need both to increase 100% to get 2BTC despite their relative price difference against BTC. LTC would need to jump from 0.025 LTC/BTC to 0.05 LTC/BTC while MYR would need to jump from 0.00000575 MYR/BTC to 0.00001050 MYR/BTC. Using this logic, I would actually argue that LTC's coin creation rate is way too high because we've only seen it hit 0.05 LTC/BTC once on a glorious pump. There clearly is not enough buy demand to sustain LTC anywhere above 0.03BTC
Argument over.
Made a couple edits to this, quoting for visibility. |
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AfrikaMan
Member
Offline
Activity: 63
Merit: 10
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May 04, 2014, 07:33:26 PM |
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Whats Up there Myriad guys! I just wanted to step in today and wish you guys well. BTW "foodies123" is a really good guy! The UNB Team (especially me) is a fan of the MyriadCoin Group, even if foodies starts swearing like a drunken sailor Haha, he has a fowl language sometimes, but can't beat a character person rather than an untouchable slimey 0815 guy. We like our foodies. The smartest thing about Myriad is the clever implementation of Foodies (PoGTFO). Lol. "Fowl" language = bird language. We all love foodies and his fowl language  |
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