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novaboy2k
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May 23, 2014, 08:27:55 PM |
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So what happens to the 1% premine? cut the total supply and keep the premine based off the original? That would be a scam.
I don't see any innovation at all, just another scam shit coin.
Big annoucement coming!!!!! lol okay zeta. announcing announcements is retarded.
We will reduce the premine to 5 millions guys, calm down. 1% of this new % of coins. How will you dispose of the coins that are already pre-mined? |
Darkcoin, the only fungible crypto currency.
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kryptologist
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May 23, 2014, 08:30:02 PM |
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So what happens to the 1% premine? cut the total supply and keep the premine based off the original? That would be a scam.
I don't see any innovation at all, just another scam shit coin.
Big annoucement coming!!!!! lol okay zeta. announcing announcements is retarded.
We will reduce the premine to 5 millions guys, calm down. 1% of this new % of coins. How many of the original premine have been spent? Can't get those back. Not liking this one. Besides the premine potential scam, are there any innovative plans for this coin? |
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greentea
Legendary
 Offline
Activity: 1418
Merit: 1002
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May 23, 2014, 08:32:10 PM |
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How many of the original premine have been spent? Can't get those back. Not liking this one.
Besides the premine potential scam, are there any innovative plans for this coin?
any innovative plans for the coin, why dont you read the thread and see for yourself ... there's an actual long-term plan for this coin! |
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kryptologist
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May 23, 2014, 08:34:09 PM |
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How many of the original premine have been spent? Can't get those back. Not liking this one.
Besides the premine potential scam, are there any innovative plans for this coin?
any innovative plans for the coin, why dont you read the thread and see for yourself ... there's an actual long-term plan for this coin! Hmm I don't see anything innovative. Good luck though man. Watch out for the premine scam. Hopefully the devs will be transparent about this but not mentioning anything about it until someone pipes up is sketchy. |
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piggycoin (OP)
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May 23, 2014, 08:38:06 PM |
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How many of the original premine have been spent? Can't get those back. Not liking this one.
Besides the premine potential scam, are there any innovative plans for this coin?
any innovative plans for the coin, why dont you read the thread and see for yourself ... there's an actual long-term plan for this coin! Hmm I don't see anything innovative. Good luck though man. Watch out for the premine scam. Hopefully the devs will be transparent about this but not mentioning anything about it until someone pipes up is sketchy. We are doing it that way I'm doing an youtube video right now, just wait a bit  |
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kryptologist
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May 23, 2014, 08:39:18 PM |
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How many of the original premine have been spent? Can't get those back. Not liking this one.
Besides the premine potential scam, are there any innovative plans for this coin?
any innovative plans for the coin, why dont you read the thread and see for yourself ... there's an actual long-term plan for this coin! Hmm I don't see anything innovative. Good luck though man. Watch out for the premine scam. Hopefully the devs will be transparent about this but not mentioning anything about it until someone pipes up is sketchy. We are doing it that way I'm doing an youtube video right now, just wait a bit Great thanks man, looking forward to it. |
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novaboy2k
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May 23, 2014, 08:50:39 PM |
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Wow What a huge dump that was!
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Darkcoin, the only fungible crypto currency.
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willowfoot
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May 23, 2014, 08:58:58 PM |
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 BEFORE YOU READ THIS PLEASE UPDATE YOUR PIGGYBANK TO VERSION 1.4 Too long, I’m not in the mood to read this: Piggycoin is going PoS with multipool at launch, cutting the supply by 1/4 and adding x11 to the rest of the PoW. You will need to exchange your old coins. Hey piggycoin community! First of all I wanna thank you all for staying on our side for this 3 months, it’s been a crazy ride! Big changes are coming our way and the dev team wants everybody on the same boat so we will explain what’s gonna happen, why it’s happen and when it’s gonna happen! The first big change is PoS, for those not familiar with it, proof of stake is another way of security our piggy network, this means “mining” as we know it won’t exist anymore and guess what? With PoS you will be able to win piggycoins just by leaving your Piggybank open! We won’t enter in many details on how this works because we don’t wanna occupy the whole page but if you want details of how much you’re gonna win we can give you the number: 15% of what you have for each year you leave it in your Piggybank! And what if I want to keep using my computer to mine Piggycoins? This is not a problem, you will be able to do so with a slightly different method, as announced before Piggycoin will have a multipool, this is a place where you mine other coins and they are automatically sold for piggycoin. Important: to become PoS in a secure way the piggycoin team decided to change blockchain. This means you will need to change your old piggycoins for the new ones, but don’t worry we are working to make this a really simple process. The second big change coming is a reduction to the number of maximum coins piggy will have, in the beginning we aimed to have 2.1 billion coins and with this update only 500 millions coins will ever exist. This means the coins you have are 4 times rarer! Isn’t that great? For better understanding of this messy plan we built a timeline:  Awesome, bought some more piggies, I'm really happy with this dev team ... this coin will break the top 20 soon |
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sonysasankan
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May 23, 2014, 09:02:56 PM |
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What about the pigs on the exchange (the coins I mean  )... Do I just leave them there and the exchange does the changeover? |
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novaboy2k
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May 23, 2014, 09:03:48 PM |
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BEFORE YOU READ THIS PLEASE UPDATE YOUR PIGGYBANK TO VERSION 1.4 Too long, I’m not in the mood to read this: Piggycoin is going PoS with multipool at launch, cutting the supply by 1/4 and adding x11 to the rest of the PoW. You will need to exchange your old coins. Hey piggycoin community! First of all I wanna thank you all for staying on our side for this 3 months, it’s been a crazy ride! Big changes are coming our way and the dev team wants everybody on the same boat so we will explain what’s gonna happen, why it’s happen and when it’s gonna happen! The first big change is PoS, for those not familiar with it, proof of stake is another way of security our piggy network, this means “mining” as we know it won’t exist anymore and guess what? With PoS you will be able to win piggycoins just by leaving your Piggybank open! We won’t enter in many details on how this works because we don’t wanna occupy the whole page but if you want details of how much you’re gonna win we can give you the number: 15% of what you have for each year you leave it in your Piggybank! And what if I want to keep using my computer to mine Piggycoins? This is not a problem, you will be able to do so with a slightly different method, as announced before Piggycoin will have a multipool, this is a place where you mine other coins and they are automatically sold for piggycoin. Important: to become PoS in a secure way the piggycoin team decided to change blockchain. This means you will need to change your old piggycoins for the new ones, but don’t worry we are working to make this a really simple process. The second big change coming is a reduction to the number of maximum coins piggy will have, in the beginning we aimed to have 2.1 billion coins and with this update only 500 millions coins will ever exist. This means the coins you have are 4 times rarer! Isn’t that great? For better understanding of this messy plan we built a timeline: Awesome, bought some more piggies, I'm really happy with this dev team ... this coin will break the top 20 soon So all that happened today really was the 1.4 wallet update, which stops the network from mining any more coins up to 250mill coin? And on the 10th of the 6th it goes x11, where 250mil coins are mined in one week? And then on the 17th, POS and multipool start right? |
Darkcoin, the only fungible crypto currency.
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piggycoin (OP)
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May 23, 2014, 09:05:36 PM |
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BEFORE YOU READ THIS PLEASE UPDATE YOUR PIGGYBANK TO VERSION 1.4 Too long, I’m not in the mood to read this: Piggycoin is going PoS with multipool at launch, cutting the supply by 1/4 and adding x11 to the rest of the PoW. You will need to exchange your old coins. Hey piggycoin community! First of all I wanna thank you all for staying on our side for this 3 months, it’s been a crazy ride! Big changes are coming our way and the dev team wants everybody on the same boat so we will explain what’s gonna happen, why it’s happen and when it’s gonna happen! The first big change is PoS, for those not familiar with it, proof of stake is another way of security our piggy network, this means “mining” as we know it won’t exist anymore and guess what? With PoS you will be able to win piggycoins just by leaving your Piggybank open! We won’t enter in many details on how this works because we don’t wanna occupy the whole page but if you want details of how much you’re gonna win we can give you the number: 15% of what you have for each year you leave it in your Piggybank! And what if I want to keep using my computer to mine Piggycoins? This is not a problem, you will be able to do so with a slightly different method, as announced before Piggycoin will have a multipool, this is a place where you mine other coins and they are automatically sold for piggycoin. Important: to become PoS in a secure way the piggycoin team decided to change blockchain. This means you will need to change your old piggycoins for the new ones, but don’t worry we are working to make this a really simple process. The second big change coming is a reduction to the number of maximum coins piggy will have, in the beginning we aimed to have 2.1 billion coins and with this update only 500 millions coins will ever exist. This means the coins you have are 4 times rarer! Isn’t that great? For better understanding of this messy plan we built a timeline: Awesome, bought some more piggies, I'm really happy with this dev team ... this coin will break the top 20 soon So all that happened today really was the 1.4 wallet update, which stops the network from mining any more coins up to 250mill coin? And on the 10th of the 6th it goes x11, where 250mil coins are mined in one week? And then on the 17th, POS and multipool start right? Yup. I can't start a new blockchain without announcing it first xD |
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willowfoot
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May 23, 2014, 09:08:13 PM |
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Awesome, bought some more piggies, I'm really happy with this dev team ... this coin will break the top 20 soon So all that happened today really was the 1.4 wallet update, which stops the network from mining any more coins up to 250mill coin? And on the 10th of the 6th it goes x11, where 250mil coins are mined in one week? And then on the 17th, POS and multipool start right? Yup. I can't start a new blockchain without announcing it first xD I assumed it would stop at 250 million coins, and then the POS would start to 'mine' the last 250 million coins? 250 million coins mined in 1 week? If it reaches 500 million after x11, where do the POS coins come from? so the total supply is still 2.1 billion? |
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novaboy2k
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May 23, 2014, 09:15:22 PM |
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Yeh i couldn't get my head around that one
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Darkcoin, the only fungible crypto currency.
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piggycoin (OP)
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May 23, 2014, 09:26:03 PM |
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Awesome, bought some more piggies, I'm really happy with this dev team ... this coin will break the top 20 soon So all that happened today really was the 1.4 wallet update, which stops the network from mining any more coins up to 250mill coin? And on the 10th of the 6th it goes x11, where 250mil coins are mined in one week? And then on the 17th, POS and multipool start right? Yup. I can't start a new blockchain without announcing it first xD I assumed it would stop at 250 million coins, and then the POS would start to 'mine' the last 250 million coins? 250 million coins mined in 1 week? If it reaches 500 million after x11, where do the POS coins come from? so the total supply is still 2.1 billion? The PoS will keep giving interest on those 500M coins. 15% to be exact. |
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novaboy2k
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May 23, 2014, 09:37:48 PM |
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Awesome, bought some more piggies, I'm really happy with this dev team ... this coin will break the top 20 soon So all that happened today really was the 1.4 wallet update, which stops the network from mining any more coins up to 250mill coin? And on the 10th of the 6th it goes x11, where 250mil coins are mined in one week? And then on the 17th, POS and multipool start right? Yup. I can't start a new blockchain without announcing it first xD I assumed it would stop at 250 million coins, and then the POS would start to 'mine' the last 250 million coins? 250 million coins mined in 1 week? If it reaches 500 million after x11, where do the POS coins come from? so the total supply is still 2.1 billion? The PoS will keep giving interest on those 500M coins. 15% to be exact. Ok thanks for clearing that up! Still very risky for people to be investing now, someone is putting 1,200,000 sell orders at the current price, just after the ann... This is fishy. But hey no risk no reward! And we will see if you are true to your word if and when the x11 starts and pos. |
Darkcoin, the only fungible crypto currency.
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piggycoin (OP)
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May 23, 2014, 09:40:51 PM |
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Awesome, bought some more piggies, I'm really happy with this dev team ... this coin will break the top 20 soon So all that happened today really was the 1.4 wallet update, which stops the network from mining any more coins up to 250mill coin? And on the 10th of the 6th it goes x11, where 250mil coins are mined in one week? And then on the 17th, POS and multipool start right? Yup. I can't start a new blockchain without announcing it first xD I assumed it would stop at 250 million coins, and then the POS would start to 'mine' the last 250 million coins? 250 million coins mined in 1 week? If it reaches 500 million after x11, where do the POS coins come from? so the total supply is still 2.1 billion? The PoS will keep giving interest on those 500M coins. 15% to be exact. Ok thanks for clearing that up! Still very risky for people to be investing now, someone is putting 1,200,000 sell orders at the current price, just after the ann... This is fishy. But hey no risk no reward! And we will see if you are true to your word if and when the x11 starts and pos. I shall also remember that the next pow and furure pos will start on a chain. Not sure if I wad clear about that |
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minerfool
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May 23, 2014, 09:43:38 PM |
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The PoS will keep giving interest on those 500M coins. 15% to be exact.
In my opinion, there should be some future cap, so 500MM POW cap with 15% inflation each year as POS? this will slowly erode price like dogecoin ... maybe cap at 1 billion with POS decreasing each year until maybe 1% per year? |
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Auna
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May 23, 2014, 10:12:34 PM |
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This or these devs seem to be the most dedicated devs I have ever seen. That is one important thing to keep in mind. I am 100% with u guys and I am holding my pigs! Keep up the great work! Keep us informed (as you have done) |
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greentea
Legendary
Offline
Activity: 1418
Merit: 1002
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May 23, 2014, 10:30:27 PM |
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The PoS will keep giving interest on those 500M coins. 15% to be exact.
In my opinion, there should be some future cap, so 500MM POW cap with 15% inflation each year as POS? this will slowly erode price like dogecoin ... maybe cap at 1 billion with POS decreasing each year until maybe 1% per year? or better yet, cut off POW around 400MM with the remaining 100MM POS 'minted' decreasing each year 5% - year 1 4% - year 2 3% - year 3 2% - year 4 1% - year 5+ (1% each year forever would give a stable supply for lost coins, passwords, etc ...) this could have your essential 500MM cap with POS included. |
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CharityMiningPools
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May 24, 2014, 02:08:46 AM |
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This or these devs seem to be the most dedicated devs I have ever seen. That is one important thing to keep in mind. I am 100% with u guys and I am holding my pigs! Keep up the great work! Keep us informed (as you have done) I have to agree with this. Not too many coins you can say have as much activity and dedication as the Piggy Dev(s). Keep up the good work! |
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