[ANN][SPA] SpainCoin: freedom for Spain - Airdrop ended, last coins destroyed!!

[monckeyoll]

intersting,I like it

[1714666408]

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[ipsum100]

Let's do some numbers:

Auroracoin for Iceland

Population: 330,000
Premine: 10.5 M
AUR per person: 31.8
Current value per person: $15.52 x 31.8 = $493.536


Spaincoin for Spain

Population: 46.82 M
Premine: 25M
SPA per person: ~0.534
Current value per person: $0.67 x 0.534 = $0.358


This is a huge difference! If the value per person was the same as AUR atm, then Spaincoin would have a market cap of $23 billion!!!

Bottom line is, do you think SPA has more or less potential than Auroracoin? Based on the numbers, SPA could be massively undervalued.

you are wrong

The giveaway is only 8 million of the 47 million Spanish people

[brightlight]

BC is going crazy at the moment

In SPA department still calmness and slight waves.

[ipsum100]

Let's do some numbers:

Auroracoin for Iceland

Population: 330,000
Premine: 10.5 M
AUR per person: 31.8
Current value per person: $15.52 x 31.8 = $493.536


Spaincoin for Spain

Population: 46.82 M
Premine: 25M
SPA per person: ~0.534
Current value per person: $0.67 x 0.534 = $0.358


This is a huge difference! If the value per person was the same as AUR atm, then Spaincoin would have a market cap of $23 billion!!!

Bottom line is, do you think SPA has more or less potential than Auroracoin? Based on the numbers, SPA could be massively undervalued.

you are wrong

The giveaway is only 8 million of the 47 million Spanish people

Premined coins distribution:
It will be done in 5 stages, starting on April 16:
Stage   Coins/person   Coins:   People:
1             100      5M           50k
2               50         2.5M           50k
3               25         2.5M          100k
4               10            8M          800k
5                1            7M          7M
Total: 25M coins for max 8M people. We assume not every Spaniard will claim their coins. Each stage will last 2 moths, any coins remaining will be either rolled over to the following stage or destroyed. We will watch the coin supply and try not to flood the market giving away coins (we'll probably place daily quotas in the first few days of giving out coins, so that at least no more coins are being given away than being mined).

You can sign up here to be notified when the coin distribution starts:
http://signup.spaincoin.org/

More info on coin distribution: http://blog.spaincoin.org/spaincoin-distribution/

Premined coins are held in the following addresses, each one holding 5M coins:
SN53ACZTXEXHcKmrmNnt8i87HXw1nL5kSC
SMrv5huHD9wYRXex5PPWH5R8RNSdP2zmj2
SiGzqAuC6dqv7bg1rEzpgKcekB6VMaAgTu
SX8g9BvY8VBappPXoCenPSzQYzAb5MN238
SbNcmgXZJKLGWuP2FEKUrnmB6AU6yFVXKJ

[teomcmurphy]

sooner or later the kraken will rise again

- you could buy a national cryptocurrency which if it goes up will go up by MULTIPLES, ie 100% percent at a time. I mean, you don't want to invest any money you cant afford to lose, but look at the math

SPAcoin vs speculative tech stock:

invest $1k with both

if they don't work out both leave you with nothing

if the tech stock makes you money you make 50-200% of your money

if the SPA makes you money it makes you 300-10000% of your money

no question that its a buy here, even if it does end up going to 0. you'll make money in the long term taking risk-weighted bets like this.

The rather obvious point you've missed is that there is no reason to think that there is the same likelyhood that SPA will make you money vs investing in a stock. If it works it will make you more money, but it is less likely to work. Without taking account of both of those factors you can't say whether the expected return is better or not.
The obvious counter argument is that playing the lottery might give you a 1000000% return, but the expected return of playing the lottery is a loss, on average you will get out of it less than you put in. That isn't investing, it is gambling.

i assumed same probability of success (although i did not say so explicitly, since as you said it was so fucking obvious) thus the expectation is only dependent on pay-off. Downside is same in both. Upside is way bigger in SPA. Hence the expected return on SPA is much larger

the only difference between investing, trading, gambling is the timetable and the level of due diligence pursued. Investing is long term time horizon, but is still a calculated bet. Trading is a short term calculated bet but to do it profitably you still have to make trades that have a positive expectancy, although since you're making MORE trades (smaller time horizon) you can tolerate a lower probability of success on any given trade and lower expected return per trade. Gambling, of course, is a combination of high frequency and negative expectancy.

feel free to miss the boat. point is i would rather lose a couple grand than not make qtr of a mil, your choice.

[NutMasterTardd]

sooner or later the kraken will rise again

- you could buy a national cryptocurrency which if it goes up will go up by MULTIPLES, ie 100% percent at a time. I mean, you don't want to invest any money you cant afford to lose, but look at the math

SPAcoin vs speculative tech stock:

invest $1k with both

if they don't work out both leave you with nothing

if the tech stock makes you money you make 50-200% of your money

if the SPA makes you money it makes you 300-10000% of your money

no question that its a buy here, even if it does end up going to 0. you'll make money in the long term taking risk-weighted bets like this.

The rather obvious point you've missed is that there is no reason to think that there is the same likelyhood that SPA will make you money vs investing in a stock. If it works it will make you more money, but it is less likely to work. Without taking account of both of those factors you can't say whether the expected return is better or not.
The obvious counter argument is that playing the lottery might give you a 1000000% return, but the expected return of playing the lottery is a loss, on average you will get out of it less than you put in. That isn't investing, it is gambling.

i assumed same probability of success (although i did not say so explicitly, since as you said it was so fucking obvious) thus the expectation is only dependent on pay-off. Downside is same in both. Upside is way bigger in SPA. Hence the expected return on SPA is much larger

the only difference between investing, trading, gambling is the timetable and the level of due diligence pursued. Investing is long term time horizon, but is still a calculated bet. Trading is a short term calculated bet but to do it profitably you still have to make trades that have a positive expectancy, although since you're making MORE trades (smaller time horizon) you can tolerate a lower probability of success on any given trade and lower expected return per trade. Gambling, of course, is a combination of high frequency and negative expectancy.

feel free to miss the boat. point is i would rather lose a couple grand than not make qtr of a mil, your choice.

I'm the same actually, a risk is necessary for a huge profit. I'm watching SPA closely and I'm ready to buy in at some point soon.

[philipvdlinde]

Do you guys think that 0,05 would be possible again for SPA in the shortterm?

I think you meant 0.005

I hope it will be there someday

haha ups sorry, yes I meant 0,005 sorry lolz.

[murraypaul]

i assumed same probability of success (although i did not say so explicitly, since as you said it was so fucking obvious) thus the expectation is only dependent on pay-off. Downside is same in both. Upside is way bigger in SPA. Hence the expected return on SPA is much larger

But there is absolutely no justification for believing that the probabilities are the same.
You can't say 'look at the math' if you have just made up the numbers to give the correct result.
And the downside probabilities aren't the same either. There is much more likelihood than random alt-coin X will lose 90% of its value than that a mainsteam stock will.

[TimC]

You better sell why you can since Operation Shitcoin Cleanout and Clean Up Has Begun

https://bitcointalk.org/index.php?topic=522235.0

Ban and do not support any IPO coins.

[NickPortland]

You better sell why you can since Operation Shitcoin Cleanout and Clean Up Has Begun

https://bitcointalk.org/index.php?topic=522235.0

Ban and do not support any IPO coins.

Pathetic

[brightlight]

You better sell why you can since Operation Shitcoin Cleanout and Clean Up Has Begun

https://bitcointalk.org/index.php?topic=522235.0

Ban and do not support any IPO coins.

Pathetic

+1

This could be reffered to newly announced coins, not those, which are in rotation.

[buttonmc]

Let's do some numbers:

Auroracoin for Iceland

Population: 330,000
Premine: 10.5 M
AUR per person: 31.8
Current value per person: $15.52 x 31.8 = $493.536


Spaincoin for Spain

Population: 46.82 M
Premine: 25M
SPA per person: ~0.534
Current value per person: $0.67 x 0.534 = $0.358


This is a huge difference! If the value per person was the same as AUR atm, then Spaincoin would have a market cap of $23 billion!!!

Bottom line is, do you think SPA has more or less potential than Auroracoin? Based on the numbers, SPA could be massively undervalued.

you are wrong

The giveaway is only 8 million of the 47 million Spanish people

True, I just found the planned distribution:

Stage   Coins/person   Coins   People
1         100 SPA        5M       50k
2         50 SPA       2.5M       50k
3         25 SPA       2.5M       100k
4         10 SPA         8M        800k
5         1 SPA           7M        7M
Total: 25M coins for max. 8M people.


So that puts the current value for Stage 1 at: 100 SPA x $0.67 = $67 per person

[teomcmurphy]

i assumed same probability of success (although i did not say so explicitly, since as you said it was so fucking obvious) thus the expectation is only dependent on pay-off. Downside is same in both. Upside is way bigger in SPA. Hence the expected return on SPA is much larger

But there is absolutely no justification for believing that the probabilities are the same.
You can't say 'look at the math' if you have just made up the numbers to give the correct result.
And the downside probabilities aren't the same either. There is much more likelihood than random alt-coin X will lose 90% of its value than that a mainsteam stock will.

those of use who actually make a living off of financial markets make things called models. They are simulacra that we accept from the outset are not reality. We also accept that the underlying process generating the bids/asks/trades that we observe is unknown to us and incredibly complex... but that is exactly why we use models: it reduces the dimension of the problem we are trying to solve and allows us to make meaningful conclusions to guide our decisions as profitably as possible given what we know.

the model you are taking such issue with is admittedly simplistic, but can still be used to guide our thinking in powerful ways (in trading, simple rules are usually better than incredibly complex ones, i.e. the return for every added complexity had better be gigantic to counteract the opportunity cost of implementing it)

you're missing your own point about mathematical expectation: the probabilities don't have to be equal for SPA to be a better bet, SPA can even have a much lower probability of success if the payout is high enough. If the payout on SPA is 4x and tech is 2x, then probability of SPA success can be up to 1/2 of the tech stock and still be a better bet.

since your living under a bridge troll ass will probably point out there are many combinations that don't make SPA a better investment, you and everyone can calculate them yourself with the following formula:

P_spa = (P_tech * Payout_tech) / Payout_spa

where:

P_spa = the breakeven probability of success in SPA (ie where its equally as good an investment as the tech stock)
P_tech = the probability of success you assume in the tech stock (or really, ANY alternative investment to SPA)
Payout_x = the payout associated with each outcome

plugin youre own thoughts, combinations, and ponder. feel free to share your results ;-)

in the example above

payout_tech = 2.0 (as in 2x your initial investment, a doubling of capital)
payout_spa = 4.0

assume 50/50 in tech stock i.e. p_tech = 0.5

p_spa = ( 0.5 * 2.0 ) / 4.0 = 0.25

so as long as p_spa is > 0.25 its still a better bet than tech stock if expectation is all your considering

[brightlight]

You better sell why you can since Operation Shitcoin Cleanout and Clean Up Has Begun

https://bitcointalk.org/index.php?topic=522235.0

Ban and do not support any IPO coins.

What others think about this?

[xfranz]

Mine SpainCoin on xHash.net pool.
Running smooth and steady at URL: http://www.xhash.net

[teomcmurphy]

You better sell why you can since Operation Shitcoin Cleanout and Clean Up Has Begun

https://bitcointalk.org/index.php?topic=522235.0

Ban and do not support any IPO coins.

What others think about this?

1. they've got to mine them to sell them. no short sales, futures, options or other derivatives to push down price. there are plenty of people to buy them so far. also that will raise difficulty and lower block payouts on KGW coins like SPA, which will make coins rarer, defeating their purpose.
2. it sounds like a buyers boycott by someone who has something to gain from it. i.e. some bagholder with one of the "protected altcoins"
3. someone who wants to mine them without competetion
4. someone who lost BIG on AUR
5. 2 + 3 + 4

[Luxasd]

You better sell why you can since Operation Shitcoin Cleanout and Clean Up Has Begun

https://bitcointalk.org/index.php?topic=522235.0

Ban and do not support any IPO coins.

What others think about this?

Who the fuck cares about some retard?

[124C41]

Any mac wallet?
What about all the spaniards with Macs?

[cbassthefish]

Watching this coin very carefully at the moment. It has stabilised. If the buy volume goes up a reasonable amount. I am in for the short term ride.

[brightlight]

Obviously, someone still wants to chew cheaper. And again, again, again, all eforts to raise the price, dump followed soon after. I am tired watching the price, got an eyestrain.