pete26
Member
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Activity: 106
Merit: 10
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March 15, 2014, 07:24:01 PM |
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So Pretty much you will get very few coins in the first 4 weeks and when the 4 weeks past.. the developers will dump it all ... This is crazy....
No its worster than that.If alot of miners step into this, they will bump this coin (cause of the electricity cost) to insanly value and this value will continue for a very long period making the dumping of premined coins easier,less noticable and more profitable. Now this in theory i personally dont know the developers they maybe good and honest guys who wants to provide a service to the human race. Right, but the premine coins are locked down and only people who paid IPO prices have the ability to dump their expensive coins. Price per-coin in IPO is 0.0095 BTCDo you not understand that if we allowed you to mine thousands of coins the value investors paid would be completely eroded by auto-pools? Please consider these factors before making false accusations that only cause confusion. We actually worked closely with experienced pool ops to deliver a solution that works for everyone. Developers will cash out in 4 weeks and will make pretty good amount of money... close to 900BTC for 4 weeks - not bad... nit bad at all... Please consider something posted on page 1 before you get into this.... ol @ premine + IPO + IPO pricing For those that are mathematically impaired, with 0.0105 BTC pricing, it means - Marketing and branding Team (20%) - 441 BTC. Developers (20%) - 441 BTC. Exchange operators (20%) - 441 BTC. Reserved for IPO (40%) - 882 BTC. They are valuing their ecosystem (assuming all coins mined) to be 110,250 BTC/$73 million USD marketcap prelaunch. The team behind this coin believes they deserve 1323 BTC ($875,000 USD) for making this coin? Going to be hard to justify that the team deserves that. Also the money involved dictate that it'll be super tempting for you guys to micro dump this early, leaving plenty of bag holders. Not to mention, one of the members behind this coin (JacobUX) was the lead developer for Wolong's Pandacoin. Thanks, but no thanks =)
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chaosagent
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March 15, 2014, 07:26:09 PM |
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So Pretty much you will get very few coins in the first 4 weeks and when the 4 weeks past.. the developers will dump it all ... This is crazy....
No its worster than that.If alot of miners step into this, they will bump this coin (cause of the electricity cost) to insanly value and this value will continue for a very long period making the dumping of premined coins easier,less noticable and more profitable. Now this in theory i personally dont know the developers they maybe good and honest guys who wants to provide a service to the human race. Right, but the premine coins are locked down and only people who paid IPO prices have the ability to dump their expensive coins. Price per-coin in IPO is 0.0095 BTCDo you not understand that if we allowed you to mine thousands of coins the value investors paid would be completely eroded by auto-pools? Please consider these factors before making false accusations that only cause confusion. We actually worked closely with experienced pool ops to deliver a solution that works for everyone. Developers will cash out in 4 weeks and will make pretty good amount of money... close to 900BTC for 4 weeks - not bad... nit bad at all... Please consider something posted on page 1 before you get into this.... ol @ premine + IPO + IPO pricing For those that are mathematically impaired, with 0.0105 BTC pricing, it means - Marketing and branding Team (20%) - 441 BTC. Developers (20%) - 441 BTC. Exchange operators (20%) - 441 BTC. Reserved for IPO (40%) - 882 BTC. They are valuing their ecosystem (assuming all coins mined) to be 110,250 BTC/$73 million USD marketcap prelaunch. The team behind this coin believes they deserve 1323 BTC ($875,000 USD) for making this coin? Going to be hard to justify that the team deserves that. Also the money involved dictate that it'll be super tempting for you guys to micro dump this early, leaving plenty of bag holders. Not to mention, one of the members behind this coin (JacobUX) was the lead developer for Wolong's Pandacoin. Thanks, but no thanks =) The IPO coins should be valued higher than the regular coins because IPO coins come with voting shares. They get to decide things about where the IPO BTC's go, and they get dividends from the p2exchange.
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tenfivecoin (OP)
Newbie
Offline
Activity: 28
Merit: 0
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March 15, 2014, 07:30:13 PM |
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So Pretty much you will get very few coins in the first 4 weeks and when the 4 weeks past.. the developers will dump it all ... This is crazy....
No its worster than that.If alot of miners step into this, they will bump this coin (cause of the electricity cost) to insanly value and this value will continue for a very long period making the dumping of premined coins easier,less noticable and more profitable. Now this in theory i personally dont know the developers they maybe good and honest guys who wants to provide a service to the human race. Right, but the premine coins are locked down and only people who paid IPO prices have the ability to dump their expensive coins. Price per-coin in IPO is 0.0095 BTCDo you not understand that if we allowed you to mine thousands of coins the value investors paid would be completely eroded by auto-pools? Please consider these factors before making false accusations that only cause confusion. We actually worked closely with experienced pool ops to deliver a solution that works for everyone. Developers will cash out in 4 weeks and will make pretty good amount of money... close to 900BTC for 4 weeks - not bad... nit bad at all... Please consider something posted on page 1 before you get into this.... ol @ premine + IPO + IPO pricing For those that are mathematically impaired, with 0.0105 BTC pricing, it means - Marketing and branding Team (20%) - 441 BTC. Developers (20%) - 441 BTC. Exchange operators (20%) - 441 BTC. Reserved for IPO (40%) - 882 BTC. They are valuing their ecosystem (assuming all coins mined) to be 110,250 BTC/$73 million USD marketcap prelaunch. The team behind this coin believes they deserve 1323 BTC ($875,000 USD) for making this coin? Going to be hard to justify that the team deserves that. Also the money involved dictate that it'll be super tempting for you guys to micro dump this early, leaving plenty of bag holders. Not to mention, one of the members behind this coin (JacobUX) was the lead developer for Wolong's Pandacoin. Thanks, but no thanks =) The IPO coins should be valued higher than the regular coins because IPO coins come with voting shares. They get to decide things about where the IPO BTC's go, and they get dividends from the p2exchange. Correct, the IPO coins are valued based on P/E ratio of 5+ years. The market value of the coin may fluctuate, but if any developer shares are put back in to the market their % returned dividends will be drastically decreased. May I suggest to those who are confused to join our IRC channel #tenfivcecoin on chat.freenode.net and talk to one of our sales reps for a deeper understanding of the IPO valuation.
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Zhoa8
Newbie
Offline
Activity: 28
Merit: 0
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March 15, 2014, 07:37:59 PM |
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So Pretty much you will get very few coins in the first 4 weeks and when the 4 weeks past.. the developers will dump it all ... This is crazy....
No its worster than that.If alot of miners step into this, they will bump this coin (cause of the electricity cost) to insanly value and this value will continue for a very long period making the dumping of premined coins easier,less noticable and more profitable. Now this in theory i personally dont know the developers they maybe good and honest guys who wants to provide a service to the human race. Right, but the premine coins are locked down and only people who paid IPO prices have the ability to dump their expensive coins. Price per-coin in IPO is 0.0095 BTCDo you not understand that if we allowed you to mine thousands of coins the value investors paid would be completely eroded by auto-pools? Please consider these factors before making false accusations that only cause confusion. We actually worked closely with experienced pool ops to deliver a solution that works for everyone. Oh man the people who don't understand this are going to be kicking themselves later. I can already see this going very high on coinmarketcap because no one is going to be dumping this coin, and the available supply will be VERY low!
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sluppy
Legendary
Offline
Activity: 2020
Merit: 1041
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March 15, 2014, 07:43:43 PM |
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So Pretty much you will get very few coins in the first 4 weeks and when the 4 weeks past.. the developers will dump it all ... This is crazy....
No its worster than that.If alot of miners step into this, they will bump this coin (cause of the electricity cost) to insanly value and this value will continue for a very long period making the dumping of premined coins easier,less noticable and more profitable. Now this in theory i personally dont know the developers they maybe good and honest guys who wants to provide a service to the human race. Right, but the premine coins are locked down and only people who paid IPO prices have the ability to dump their expensive coins. Price per-coin in IPO is 0.0095 BTCDo you not understand that if we allowed you to mine thousands of coins the value investors paid would be completely eroded by auto-pools? Please consider these factors before making false accusations that only cause confusion. We actually worked closely with experienced pool ops to deliver a solution that works for everyone. Oh man the people who don't understand this are going to be kicking themselves later. I can already see this going very high on coinmarketcap because no one is going to be dumping this coin, and the available supply will be VERY low! first you have to find Idiots to buy it , that wont be me ..
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The only thing necessary for the triumph of evil is for good men to do nothing. Edmund Burke -- May the forces of evil become confused on the way to your house.George Carlin We pay for life with death , so everything in between should be free. Bill Hicks -- It is during our darkest moments that we must focus to see the light. Aristotle Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment. Buddha -- The only true wisdom is in knowing you know nothing. Socrates
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zzojar
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March 15, 2014, 08:02:48 PM |
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oh sad, it is KGW, I was hoping to solo...
wait, it looks like this coin will not be worth mining until after block 20,000 anyway, with the low initial reward payout.
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Gazza1
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March 15, 2014, 08:17:09 PM |
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get over the premine issue you guys. people that make the coin deserve a little extra for their efforts. "omg 2% premine that's just so crazy lets unleash holy hell of war!! 2% omg!!" you crazy clowns, enough with the premine complaining you ungreatful twats
keeping a coin afloat and running it is a lot of work, devs are entitled to some salary/commission. especially when a lot of devs don't necessarily have a lot of mining hardware. why should they make a coin with zero premine so everyone else can get rich while they do all the work. 2% is completely reasonable, it's not like it's 50% like some of these crazy fools out there.
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Impossible is a word found only in the dictionary of fools.
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Bionic345
Member
Offline
Activity: 91
Merit: 10
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March 15, 2014, 08:40:23 PM |
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do i get this right? First 1050 blocks: Payout of 1.57079632679 COINS? per block
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sevoque
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March 15, 2014, 08:45:43 PM |
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We have decided we may leave the IPO period open for a short while after launch, we think its important people are able to see the merit in this coin and its innovations.
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sevoque
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March 15, 2014, 08:46:23 PM |
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launch in just a touch over an hour. tenfivecoin on freenode
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sevoque
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March 15, 2014, 08:47:06 PM |
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if anyone needs help or info on how to purachase IPO then please feel free to message myself or JacobUX on here or contact us in irc
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sevoque
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March 15, 2014, 08:55:56 PM |
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Ledger updated
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ktbken
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March 15, 2014, 09:10:07 PM |
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United-Miners TenFivecoin pool is open for pre registrations https://105.united-miners.com/Direct link to registration page https://105.united-miners.com/index.php?page=registerProven track record of smooth coin launches We provide all the usual features, but we aspire to be the best through support and lack of downtime. 1% fees. SSL protection (forced) IRC support community freenode #united-miners Full Ddos protection High-end hardware on the EU's best internet backbone
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sevoque
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March 15, 2014, 09:10:49 PM |
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ledger updated
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provenceday
Legendary
Offline
Activity: 1148
Merit: 1000
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March 15, 2014, 09:16:58 PM |
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how long does it take for pool ready after launch?
30 minutes or 1 hours or 2 hours?
thanks!
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sevoque
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March 15, 2014, 09:17:30 PM |
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when will pool will be ready?
alraedy had 6 pools rady for launch with such pool chaospool united miners poolerino dedicated and chickenstrips, info in is in the OP with all urls and fee info
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provenceday
Legendary
Offline
Activity: 1148
Merit: 1000
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March 15, 2014, 09:18:38 PM |
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how long does it take for pool ready after launch?
30 minutes or 1 hours or 2 hours?
thanks!
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sevoque
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March 15, 2014, 09:19:15 PM |
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how long does it take for pool ready after launch?
30 minutes or 1 hours or 2 hours?
thanks!
most pools will be ready at the launch, most i would say would be to allow for up to 15mins worst case
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provenceday
Legendary
Offline
Activity: 1148
Merit: 1000
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March 15, 2014, 09:19:54 PM |
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how long does it take for pool ready after launch?
30 minutes or 1 hours or 2 hours?
thanks!
most pools will be ready at the launch, most i would say would be to allow for up to 15mins worst case thanks!
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provenceday
Legendary
Offline
Activity: 1148
Merit: 1000
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March 15, 2014, 09:21:30 PM |
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which reputable exchange will we be listed after launch?thanks!
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