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Author Topic: CREDITS: INFLATION PERIOD OVER, SECOND HARD FORK + POKER ROOM COMING SOON  (Read 91819 times)
Drogean
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March 06, 2014, 01:40:21 PM
 #881

Everyone needs to remember to vote for us on the two exchanges CR is listed:

https://www.mintpal.com/voting

https://cryptorush.in/index.php?p=vote
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Drogean
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March 06, 2014, 01:41:40 PM
 #882

Only the whales are complaining! Sorry guys but this is a very good idea!!!

There are dozen of other coins for you to mine and kill from the beginning.

Look what happened with RBBT:
https://www.mintpal.com/market/RBBT/BTC
24 Hour Volume: 0.857 BTC
You didn't complained about it when the block rewards where big. But now you can't sell it for "shit"!



I'm voting for staying with the initial plan.

We do not have to jump with all the power on this coin.

I don't want another pump and dump coin.

Dev's please do not change a thing.

Now all the whales will jump on me!

Trust me, I am not a whale at all. Six months is like eons in the crypto world and is completely unnecessary to achieve what we want. Maximum 6 weeks with increasing rewards would be more than enough to get plenty of new miners on board. We can then start decreasing the reward to make this actually valuable, the price will only fall more and more the way it is now.

agreed, increased rewards is just asking for the coin to be worthless because everyone will have so much
cryptohunter
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March 06, 2014, 02:06:32 PM
 #883

Keep the blocks the same size or else gradual increase if you have to increase it but increasing 13x is way too much.

Also everyone should be minining on the devs pools or ones that donate to the dev.... without their dev pot of funds you won't see the development we need and want.

Those other coins died for 1 reason because there was no development for them really. If rabbit coin was suddenly integrated into ebay and amazon you would see a rise in price regardless of their block scaling.

I vote for slow scaling down of block reward or keeping it the same.  If you increase block reward 13x you need 13x more people buying than now just to keep the price stable???

Noobs have no clue, whales will just wait until blocks are high reward and jump back on it then and dump the price down.

It does sound fairer to increase block reward as we go, but really it does not seem to work out that way.

Whales will always get more coins than small fish.... that is just the way it is. They have invested $200k in rigs some of these huge whales and $300 dollars per day electricity so of course they will get more than us ... this is the way the world works. They take bigger risks and sometime they get bigger rewards.

Most important thing for this coin is new development.... for that devs need funds.... so mine on the dev pools.


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derPLUNK
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March 06, 2014, 04:26:57 PM
 #884

updated my album: http://imgur.com/a/J4QOk

and bump for entertainment :3

CbVztfkn674VRJAD8CnSX6QDNgY76j2a3f
Mikellev
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March 06, 2014, 04:35:52 PM
 #885



0% fee - nothing less!

Signup now, pool's waiting for you.

http://cr.poolerino.com/


Until now: 2787.09985732 CR have been donated to the pool and send 100% to the coin devs.

tx: 31e24e4157c39f0ae91659d377a0eff797dae4a797ff6c85e1688b4441936de1
tx: 856452243d522138d00bf8b7b8138b54ac995b63cb0d45b6c190a49413f3f06b

for our complete list of supported coins, visit poolerino.com
Fastpow
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March 06, 2014, 04:43:56 PM
 #886

Only the whales are complaining! Sorry guys but this is a very good idea!!!

There are dozen of other coins for you to mine and kill from the beginning.

Look what happened with RBBT:
https://www.mintpal.com/market/RBBT/BTC
24 Hour Volume: 0.857 BTC
You didn't complained about it when the block rewards where big. But now you can't sell it for "shit"!



I'm voting for staying with the initial plan.

We do not have to jump with all the power on this coin.

I don't want another pump and dump coin.

Dev's please do not change a thing.

Now all the whales will jump on me!

You are partly right mate, by letting the rewards increase in the way it does now you'll just get the whales jumping in in 4-5 months when the rewards are are their top. Because the gap between the current rewards and the rewards in 6 months is so incredibly big the only thing you'll accomplish by letting the rewards increase this way is that whales don't jump in at the start but when the rewards are at their max.

That said i think a small increase in rewards for the next couple of weeks/ few months is great to keep the people coming but as it is now the difference is just too big.

Egoista
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March 06, 2014, 04:48:27 PM
 #887

I don't understand....

I hate when a huge network of miners jumps on a coin in the beginning. It kills it for me and I get out because I can't get any coins. NOW you have a very relaxed hashrate that is very healthy for growth and ample opportunity to obtain a lot of coin....and you complain? Note how many people are waiting to jump in at the higher block rewards. You will get just as many now as you will when the blocks increase because the NET HASH will increase = more ways to divide each block reward.



Only the whales are complaining! Sorry guys but this is a very good idea!!!

There are dozen of other coins for you to mine and kill from the beginning.

Look what happened with RBBT:
https://www.mintpal.com/market/RBBT/BTC
24 Hour Volume: 0.857 BTC
You didn't complained about it when the block rewards where big. But now you can't sell it for "shit"!



I'm voting for staying with the initial plan.

We do not have to jump with all the power on this coin.

I don't want another pump and dump coin.

Dev's please do not change a thing.

Now all the whales will jump on me!


Both of these make a lot of sense to me, I realize that 6 months is forever to some, but that's just the beauty of it, people now just want something they want quick cash out of and that is not what this coin is for. This coin in made to last a LONG period of time.

Keep the blocks the same size or else gradual increase if you have to increase it but increasing 13x is way too much.

Also everyone should be minining on the devs pools or ones that donate to the dev.... without their dev pot of funds you won't see the development we need and want.

Those other coins died for 1 reason because there was no development for them really. If rabbit coin was suddenly integrated into ebay and amazon you would see a rise in price regardless of their block scaling.

I vote for slow scaling down of block reward or keeping it the same.  If you increase block reward 13x you need 13x more people buying than now just to keep the price stable???

Noobs have no clue, whales will just wait until blocks are high reward and jump back on it then and dump the price down.

It does sound fairer to increase block reward as we go, but really it does not seem to work out that way.

Whales will always get more coins than small fish.... that is just the way it is. They have invested $200k in rigs some of these huge whales and $300 dollars per day electricity so of course they will get more than us ... this is the way the world works. They take bigger risks and sometime they get bigger rewards.

Most important thing for this coin is new development.... for that devs need funds.... so mine on the dev pools.



Yes, we have almost no hashrate on the dev pools, helping the devs help the coin.

DEV POOLS:

http://dredd.cryptocredits.org/ - OFFICIAL POOL
http://masseffect.cryptocredits.org/ - OFFICIAL POOL
http://deusex.cryptocredits.org/ - OFFICIAL POOL
http://batmanbeyond.cryptocredits.org/ - OFFICIAL POOL
http://cr.verleta.net/ - POOL BY DEV, %0 FREE UNTIL SUNDAY, EVENTS (SUCH AS %0 SPRING BREAK)

Also, what are some marketing ideas that we, as a community, can use to market Credits?

Dinthar
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March 06, 2014, 04:56:43 PM
 #888

This coin is dying on the vine.  In theory, an escalating block reward is a good idea, but for most people (i.e., the serial coin hoppers), there's no reason to mine it until the block reward nears its peak.  That harms early adopters, because the block reward right now is just a fraction of what it'll be then.  Anticipated difficulty isn't enough to bridge that gap.

I would halve the number of scheduled block reward increases and make them twice as frequent.  That toes the line between having a basis to insert new life into the coin (reward doubled!) and not completely screwing the people like me who have stuck with it up to this point in the face of waning interest.

The other problem with this coin is that the block reward is incredibly discouraging in the face of a statement that there will be 20 bazillion coins overall.  Anyone who doesn't take the time to actually read the thread sees DOGE-like total coin figures against a block reward in the hundreds, thousands, or low tens of thousands max and thinks, "Well, I missed the boat, I won't bother with this."
dogem8
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March 06, 2014, 05:05:42 PM
 #889

Keep the blocks the same size or else gradual increase if you have to increase it but increasing 13x is way too much.

Also everyone should be minining on the devs pools or ones that donate to the dev.... without their dev pot of funds you won't see the development we need and want.

Those other coins died for 1 reason because there was no development for them really. If rabbit coin was suddenly integrated into ebay and amazon you would see a rise in price regardless of their block scaling.

I vote for slow scaling down of block reward or keeping it the same.  If you increase block reward 13x you need 13x more people buying than now just to keep the price stable???

Noobs have no clue, whales will just wait until blocks are high reward and jump back on it then and dump the price down.

It does sound fairer to increase block reward as we go, but really it does not seem to work out that way.

Whales will always get more coins than small fish.... that is just the way it is. They have invested $200k in rigs some of these huge whales and $300 dollars per day electricity so of course they will get more than us ... this is the way the world works. They take bigger risks and sometime they get bigger rewards.

Most important thing for this coin is new development.... for that devs need funds.... so mine on the dev pools.


This coin is dying on the vine.  In theory, an escalating block reward is a good idea, but for most people (i.e., the serial coin hoppers), there's no reason to mine it until the block reward nears its peak.  That harms early adopters, because the block reward right now is just a fraction of what it'll be then.  Anticipated difficulty isn't enough to bridge that gap.

I would halve the number of scheduled block reward increases and make them twice as frequent.  That toes the line between having a basis to insert new life into the coin (reward doubled!) and not completely screwing the people like me who have stuck with it up to this point in the face of waning interest.

The other problem with this coin is that the block reward is incredibly discouraging in the face of a statement that there will be 20 bazillion coins overall.  Anyone who doesn't take the time to actually read the thread sees DOGE-like total coin figures against a block reward in the hundreds, thousands, or low tens of thousands max and thinks, "Well, I missed the boat, I won't bother with this."

Completely agree with everything in these posts.

Mikellev
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March 06, 2014, 05:46:52 PM
 #890

This coin is dying on the vine.  In theory, an escalating block reward is a good idea, but for most people (i.e., the serial coin hoppers), there's no reason to mine it until the block reward nears its peak.  That harms early adopters, because the block reward right now is just a fraction of what it'll be then.  Anticipated difficulty isn't enough to bridge that gap.

I would halve the number of scheduled block reward increases and make them twice as frequent.  That toes the line between having a basis to insert new life into the coin (reward doubled!) and not completely screwing the people like me who have stuck with it up to this point in the face of waning interest.

The other problem with this coin is that the block reward is incredibly discouraging in the face of a statement that there will be 20 bazillion coins overall.  Anyone who doesn't take the time to actually read the thread sees DOGE-like total coin figures against a block reward in the hundreds, thousands, or low tens of thousands max and thinks, "Well, I missed the boat, I won't bother with this."

Most ppl forget the diff. As soon the bigger blockreward kicks in, the diff will rise, so is the number of miners.

Right now with low blockreward only few are mining and stacking coins. With more diff + more miners = the number of coins you get for your hash drops.

Ppl complaining now, and they did it in our chatbox clearly say:
"F*ck this coin! I want coins now, sell, make money and next coin, thats what we want......"

Sad but true
Mike
Mikellev
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March 06, 2014, 05:49:09 PM
 #891


Yes, we have almost no hashrate on the dev pools, helping the devs help the coin.

DEV POOLS:

http://dredd.cryptocredits.org/ - OFFICIAL POOL
http://masseffect.cryptocredits.org/ - OFFICIAL POOL
http://deusex.cryptocredits.org/ - OFFICIAL POOL
http://batmanbeyond.cryptocredits.org/ - OFFICIAL POOL
http://cr.verleta.net/ - POOL BY DEV, %0 FREE UNTIL SUNDAY, EVENTS (SUCH AS %0 SPRING BREAK)

Also, what are some marketing ideas that we, as a community, can use to market Credits?

Se my post above you. We the non "dev pools" but donation pools also contribute our donations fully to the coin. It might be less then the 1.5% the dev pools offer but with more hashes and donators it would also help.

Mike
Dinthar
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March 06, 2014, 06:21:18 PM
 #892

This coin is dying on the vine.  In theory, an escalating block reward is a good idea, but for most people (i.e., the serial coin hoppers), there's no reason to mine it until the block reward nears its peak.  That harms early adopters, because the block reward right now is just a fraction of what it'll be then.  Anticipated difficulty isn't enough to bridge that gap.

I would halve the number of scheduled block reward increases and make them twice as frequent.  That toes the line between having a basis to insert new life into the coin (reward doubled!) and not completely screwing the people like me who have stuck with it up to this point in the face of waning interest.

The other problem with this coin is that the block reward is incredibly discouraging in the face of a statement that there will be 20 bazillion coins overall.  Anyone who doesn't take the time to actually read the thread sees DOGE-like total coin figures against a block reward in the hundreds, thousands, or low tens of thousands max and thinks, "Well, I missed the boat, I won't bother with this."

Most ppl forget the diff. As soon the bigger blockreward kicks in, the diff will rise, so is the number of miners.

Right now with low blockreward only few are mining and stacking coins. With more diff + more miners = the number of coins you get for your hash drops.

Ppl complaining now, and they did it in our chatbox clearly say:
"F*ck this coin! I want coins now, sell, make money and next coin, thats what we want......"

Sad but true
Mike

It's presumptuous and, frankly, a bit silly, to assume that the difficulty will double with each block reward doubling.
Sanasol
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March 06, 2014, 06:33:21 PM
 #893

Block explorer http://explorer.sancrypto.info/chain/Credits

and

Profit Calc, diff/hash/price charts http://sancrypto.info/index/show/CR/


Send gratitude here: Cew6GrFfcxCn1Sh6VJyhYdswwdVNPGKKYa  Wink
Fastpow
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March 06, 2014, 06:34:45 PM
 #894

   "Now, for the inner investor in us all. What happens after this inflation period? The block reward will lower by 6x(1130) the average(6800) for
    the next two years, that's a 6x or more increase in value. If you managed to properly reinvest your Credits into the latter periods when the block rewards would
    be especially high, you could be looking at a 13x return. Subsequently we will see a halving to around ¤560 and then finally ¤280. We're talking about a
    potential outcome of 52x, and that's if factors such as difficulty and services don't rise, but we've clearly done our best to ensure that. With that said,
    the previous figures are likely child's play compared to what the future holds. In summation, mining longer will not only bring you more wealth in
    Credits but it will increase your return margin as early mined Credits are more likely to become inflated over the 6 month period."

I think we're all forgetting the potential of day trading. Simply sell before the increase and buy back. We figured more people would catch on to this strategy. Mainly this system removes silly pump n dumpers and hoarders. So be smart people, trade it up.

My god, and this is coming from a coins dev?

dnaanders
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March 06, 2014, 06:40:14 PM
 #895

   "Now, for the inner investor in us all. What happens after this inflation period? The block reward will lower by 6x(1130) the average(6800) for
    the next two years, that's a 6x or more increase in value. If you managed to properly reinvest your Credits into the latter periods when the block rewards would
    be especially high, you could be looking at a 13x return. Subsequently we will see a halving to around ¤560 and then finally ¤280. We're talking about a
    potential outcome of 52x, and that's if factors such as difficulty and services don't rise, but we've clearly done our best to ensure that. With that said,
    the previous figures are likely child's play compared to what the future holds. In summation, mining longer will not only bring you more wealth in
    Credits but it will increase your return margin as early mined Credits are more likely to become inflated over the 6 month period."

I think we're all forgetting the potential of day trading. Simply sell before the increase and buy back. We figured more people would catch on to this strategy. Mainly this system removes silly pump n dumpers and hoarders. So be smart people, trade it up.

My god, and this is coming from a coins dev?

Is there an issue?
Dinthar
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March 06, 2014, 06:41:06 PM
 #896

   "Now, for the inner investor in us all. What happens after this inflation period? The block reward will lower by 6x(1130) the average(6800) for
    the next two years, that's a 6x or more increase in value. If you managed to properly reinvest your Credits into the latter periods when the block rewards would
    be especially high, you could be looking at a 13x return. Subsequently we will see a halving to around ¤560 and then finally ¤280. We're talking about a
    potential outcome of 52x, and that's if factors such as difficulty and services don't rise, but we've clearly done our best to ensure that. With that said,
    the previous figures are likely child's play compared to what the future holds. In summation, mining longer will not only bring you more wealth in
    Credits but it will increase your return margin as early mined Credits are more likely to become inflated over the 6 month period."

I think we're all forgetting the potential of day trading. Simply sell before the increase and buy back. We figured more people would catch on to this strategy. Mainly this system removes silly pump n dumpers and hoarders. So be smart people, trade it up.

"Simply sell before the increase and buy back."

A simple supply/demand curve supports that approach - block reward doubling increases supply ahead of demand and the price falls.  Unfortunately, crypto trading doesn't follow logic, because it's vulnerable to pumping and dumping and the "I need to get in on this" thinking that accompanies it.  More coins = more coins to utilize in pump and dump schemes, so when the block reward doubles, the value is more likely to go up than to go down.  By "selling before an increase and buying back," you're more likely to lose money than gain it.

The fact is, the large majority of miners are going to wait until a much higher or the highest block reward, assuming anyone still remembers the coin in 4-6 months.  In the meantime, current miners only have the hope that it will someday get big to continue mining it.  That hope will wear thin if a few block double dates pass and the price doesn't rise.  If nothing changes, I guarantee you that no one will be mining this coin in a month.  Six months in the crypto world is eons.
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March 06, 2014, 06:42:25 PM
 #897

   "Now, for the inner investor in us all. What happens after this inflation period? The block reward will lower by 6x(1130) the average(6800) for
    the next two years, that's a 6x or more increase in value. If you managed to properly reinvest your Credits into the latter periods when the block rewards would
    be especially high, you could be looking at a 13x return. Subsequently we will see a halving to around ¤560 and then finally ¤280. We're talking about a
    potential outcome of 52x, and that's if factors such as difficulty and services don't rise, but we've clearly done our best to ensure that. With that said,
    the previous figures are likely child's play compared to what the future holds. In summation, mining longer will not only bring you more wealth in
    Credits but it will increase your return margin as early mined Credits are more likely to become inflated over the 6 month period."

I think we're all forgetting the potential of day trading. Simply sell before the increase and buy back. We figured more people would catch on to this strategy. Mainly this system removes silly pump n dumpers and hoarders. So be smart people, trade it up.

My god, and this is coming from a coins dev?

It's really disconcerting.  I've been on this since launch, but I may drop it.
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March 06, 2014, 07:03:30 PM
 #898

Many early adopters are looking at leaving for another coin not because we are not getting rich but because we are getting screwed by the current system. What I mine in 20 hours now I will get in 9 hours in 2 weeks, 5.8 hours in 4 weeks and 4.3 hours in 6. We need more of a reason to mine today.

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March 06, 2014, 07:17:17 PM
 #899

Something needs to change.  All the Credits mined so far, 4,388,348, are worth 9.22 BTC based on the highest SCX buy order.  That's a market cap of $5,882.36.  Total.  You're going to lose miners because there's nothing to be made here, and if you lose miners now, reward doubling will be meaningless in the future, because no one will be paying attention to the coin.

If you don't make a change to reward the people mining right now, your coin will die.  Period.
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March 06, 2014, 07:30:09 PM
 #900

The value is low because every coin mined today is one-sixteenth as valuable as a coined mined at the block reward peak, assuming a static difficulty.  You need difficulty to rise 20% every two weeks (on average) to offset that.  The coin started at a net hashrate of about 1Ghash.  If the net hashrate isn't 16 Ghash by the six month, the current miners' coins will lose value.

If the net hashrate doesn't rise to 2.2 Ghash at the next doubling, an increase of 65% over the current rate of 800Mhash, the coin will be done.
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