cryptomines
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April 17, 2014, 11:07:43 PM |
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You still continue this "propaganda" and don't understand that if people aren't able to spend their HVC in other places than exchanges, this coin is going to die. There is no point in mining HVC now, other than dumping. Do you think that voting low is going to get this coin growing? You're wrong.
Without action prior to the sustain phase we face a drastic cliff as outlined below, please read. Mint Phase 45,000,000 coins (72 days to 25+ years depending on votes) Limit Phase is fixed at 56 days and will award 63,476 blocks Sustain Phase has 10,000,576 coins and will last from 4.7 years to 38+ years (depending on votes) All of the above is from the website: http://heavycoin.github.io/about.html#decentralised-votingTotal Supply is said to be from 63,000,576 (12.69% premine) to 128,000,000 HVC (6.25% premine) The math says 8,000,000 coins were premined in total. If my understanding is correct: During the limit phase if vote count was 1024 then 64,999,424 coins would be awarded. If vote count is 0 then 0 coins are awarded. 63,000,576 - 45,000,000 - 10,000,576 = 8,000,000 premined coins We are currently at 544 average vote. If this stays the same going into Limit phase then 63,476 blocks * 544 = 34,530,944 coins. 34,530,944 / 56 days / 24 hours per day / 30 blocks per hour = 856.42 block reward. This obviously will not work well dropping to a block reward of at most 8 HVC in the sustain phase. This is a very poor transition because instead of the block reward going down to prepare for the sustain phase it jumped way up making it that much harder for the coin to survive entering the sustain phase. If the vote is at 256 going into limit then: 63,476 blocks * 544 = 16,249,856 coins. / 56/24/30=403.02 block reward is still way to high. If the vote is at 100 going into limit then: 63,476 blocks * 100 = 6,347,600 coins. / 56/24/30=157.43 block reward. If the vote is at 50 going into limit then: 63,476 blocks * 50 = 3,173,800 coins. / 56/24/30=78.71 block reward. If the vote is at 10 going into limit then: 63,476 blocks * 10 = 634,760 coins. / 56/24/30=15.74 block reward. So as you can see EVEN with a vote count as low as 10 average, going into and staying in the limit phase, the block reward will still drop by more then half going into the limit phase. In all honesty even with a GREAT COMMUNITY RALLY I don't see how we'll get the vote down any lower (on average) then 256 which is less then half what it is now. That would have us going from over 400 HVC per block to at MOST 8 HVC in the sustain phase. This coin can't survive any type of drop like that when the sustain phase hits. It just will NOT BE PROFITABLE in any manner to mine and the network will die and thus the coin will too. Unfortunately at present there is no motivation to down vote for miners who don't have any type of decent stake. They want more coins to sell/dump and don't care about long term value. Carlo Voting low extends the time we have to grow the coin. Working out a smooth transition to the sustain phase, and strong community action to get the coin accepted by merchants is what will grow the coin. But not without a little time and long term viability. If you have a better way to try and make the coin a success I'm sure the whole community is ready to hear it.
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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Anotheranonlol
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April 18, 2014, 06:41:52 AM |
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Reward seems to be decreasing, gradually. a small step in the right direction
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TheRealSteve
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April 18, 2014, 10:14:28 AM |
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Pool hash rates and miners* due to rate variability displayed through pool statistics pages, rates are based on average of 10 samples over the past hour** miner count for 1gh unavailable*** Delta since last update Block Progression and Pool Lucklast 24h | 1gh | nonce | zhpool | poolhub | hash avg | 36,614.00 | 925.93 | 21,786.20 | 2,021.39 | blocks | 467 | 8 | 295 | 11 | hash % | 59.68 | 1.51 | 35.51 | 3.29 | blocks % | 59.78 | 1.02 | 37.76 | 1.43 | luck % | 100.20 | 67.80 | 106.30 | 43.50 |
| | | | | | | | | | last 7d | 1gh | nonce | zhpool | poolhub | hash avg | 38,538.89 | 765.19 | 27,708.41 | 6,851.07 | blocks | 2,768 | 51 | 1,897 | 304 | hash % | 52.18 | 1.04 | 37.51 | 9.28 | blocks % | 55.14 | 1.02 | 37.79 | 6.06 | luck % | 105.68 | 98.07 | 100.74 | 65.29 |
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1gh Top statsTop 100 | Mhash/s | | | Top 10 | Mhash/s | Total: | 31,500.72 | | | Total: | 10,140.08 | Mean rate: | 315.01 | | | Mean rate: | 1,014.01 | Median rate: | 193.79 | | | Median rate: | 790.28 | Mode(10) rate: | 130 | | | Mode(100) rate: | 700 | % of pool: | 85.2% | | | % of pool: | 27.4% | % of network: | 49.9% | | | % of network: | 16.1% |
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Pool voting Mining (indicative, not authoritative!)payoff per Mhash/s / day | ideal solo | 1gh | nonce | zhpool | poolhub | HVC | 5.28211 | 5.28 | 4.90 | 5.03 | 3.26 | mBTC | 0.12149 | 0.12 | 0.11 | 0.12 | 0.08 | USD | 0.05879 | 0.06 | 0.05 | 0.06 | 0.04 |
| | | | | | | | pool take/day | 1gh | nonce | zhpool | poolhub | HVC | 2,056.23 | 37.89 | 1,409.20 | 225.83 | BTC | 0.05 | 0.00 | 0.03 | 0.01 | USD | 22.89 | 0.42 | 15.68 | 2.51 |
| Based on last 7 days performance and... block reward: HVC520 | mBTC/HVC: 0.023 | USD/BTC: $483.9
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gpools
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April 18, 2014, 11:51:52 AM |
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Pool hash rates and miners* due to rate variability displayed through pool statistics pages, rates are based on average of 10 samples over the past hour** miner count for 1gh unavailable*** Delta since last update Block Progression and Pool Lucklast 24h | 1gh | nonce | zhpool | poolhub | hash avg | 36,614.00 | 925.93 | 21,786.20 | 2,021.39 | blocks | 467 | 8 | 295 | 11 | hash % | 59.68 | 1.51 | 35.51 | 3.29 | blocks % | 59.78 | 1.02 | 37.76 | 1.43 | luck % | 100.20 | 67.80 | 106.30 | 43.50 |
| | | | | | | | | | last 7d | 1gh | nonce | zhpool | poolhub | hash avg | 38,538.89 | 765.19 | 27,708.41 | 6,851.07 | blocks | 2,768 | 51 | 1,897 | 304 | hash % | 52.18 | 1.04 | 37.51 | 9.28 | blocks % | 55.14 | 1.02 | 37.79 | 6.06 | luck % | 105.68 | 98.07 | 100.74 | 65.29 |
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1gh Top statsTop 100 | Mhash/s | | | Top 10 | Mhash/s | Total: | 31,500.72 | | | Total: | 10,140.08 | Mean rate: | 315.01 | | | Mean rate: | 1,014.01 | Median rate: | 193.79 | | | Median rate: | 790.28 | Mode(10) rate: | 130 | | | Mode(100) rate: | 700 | % of pool: | 85.2% | | | % of pool: | 27.4% | % of network: | 49.9% | | | % of network: | 16.1% |
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Pool voting Mining (indicative, not authoritative!)payoff per Mhash/s / day | ideal solo | 1gh | nonce | zhpool | poolhub | HVC | 5.28211 | 5.28 | 4.90 | 5.03 | 3.26 | mBTC | 0.12149 | 0.12 | 0.11 | 0.12 | 0.08 | USD | 0.05879 | 0.06 | 0.05 | 0.06 | 0.04 |
| | | | | | | | pool take/day | 1gh | nonce | zhpool | poolhub | HVC | 2,056.23 | 37.89 | 1,409.20 | 225.83 | BTC | 0.05 | 0.00 | 0.03 | 0.01 | USD | 22.89 | 0.42 | 15.68 | 2.51 |
| Based on last 7 days performance and... block reward: HVC520 | mBTC/HVC: 0.023 | USD/BTC: $483.9
bad report. Dev team inactive
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cayars
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April 18, 2014, 12:25:25 PM |
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bad report. Dev team inactive
It's only going to get worse without involvement from the devs to both fix the "timeline" problems and to really kick-start both a marketing campaign and coin acceptance which hasn't happened yet IMHO. With each passing day, it will only get harder and harder to turn this coin around, if even possible. Carlo PS: I hate to say it, but, "Sell-Em if you got Got-Em" while they still have some value.
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gpools
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April 18, 2014, 12:37:23 PM |
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bad report. Dev team inactive
It's only going to get worse without involvement from the devs to both fix the "timeline" problems and to really kick-start both a marketing campaign and coin acceptance which hasn't happened yet IMHO. With each passing day, it will only get harder and harder to turn this coin around, if even possible. Carlo PS: I hate to say it, but, "Sell-Em if you got Got-Em" while they still have some value. Yes marketing bad now we are have more coin not only btc or ltc... 500 core more way choice best coin.
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TheRealSteve
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April 18, 2014, 12:47:12 PM |
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Can't blame 'm.. if I were 'the dev team', I would have cashed out a while ago and moved on to better things, maybe start yet-another-new-coin As I've got about a week of vote data, for the lovers/haters among you, a top 5 of votes: Vote: 0
votes | miner | pool | 2 | cryptomines | noncepool |
| Vote: 1
votes | miner | pool | 61 | wjtwww | zhpool | 33 | sslegi | poolhub | 10 | hvcmilky wertzhangnan | zhpool zhpool | 8 | chungenhung scriptfu zaiclouds | zhpool zhpool zhpool | 5 | mafostedu TheFlame1 zzhhww | noncepool zhpool zhpool |
| Vote: 512
votes | miner | pool | 62 | andy002 | zhpool | 19 | CCCP | zhpool | 14 | stopzwd | zhpool | 12 | heathersand | zhpool | 11 | chungenhung peet38 | zhpool zhpool |
| Vote: 1024
votes | miner | pool | 52 | nbsunny* | zhpool | 46 | shanshui | zhpool | 29 | gasn | zhpool | 24 | nbzhang | zhpool | 18 | hvcluck stayfoolish | zhpool zhpool | * Also has some 64 votes interlaced with the 1024s
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cryptomines
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April 18, 2014, 02:58:37 PM |
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Can't blame 'm.. if I were 'the dev team', I would have cashed out a while ago and moved on to better things, maybe start yet-another-new-coin As I've got about a week of vote data, for the lovers/haters among you, a top 5 of votes: Vote: 0
votes | miner | pool | 2 | cryptomines | noncepool |
| Vote: 1
votes | miner | pool | 61 | wjtwww | zhpool | 33 | sslegi | poolhub | 10 | hvcmilky wertzhangnan | zhpool zhpool | 8 | chungenhung scriptfu zaiclouds | zhpool zhpool zhpool | 5 | mafostedu TheFlame1 zzhhww | noncepool zhpool zhpool |
| Vote: 512
votes | miner | pool | 62 | andy002 | zhpool | 19 | CCCP | zhpool | 14 | stopzwd | zhpool | 12 | heathersand | zhpool | 11 | chungenhung peet38 | zhpool zhpool |
| Vote: 1024
votes | miner | pool | 52 | nbsunny* | zhpool | 46 | shanshui | zhpool | 29 | gasn | zhpool | 24 | nbzhang | zhpool | 18 | hvcluck stayfoolish | zhpool zhpool | * Also has some 64 votes interlaced with the 1024s
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You have some great charts!
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TheRealSteve
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April 18, 2014, 03:04:48 PM |
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You have some great charts!
You have great votes! ..or do you? dum dum dummmmm
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cryptomines
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April 18, 2014, 03:24:14 PM |
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You have great votes!
..or do you? dum dum dummmmm
I've seen a few other 0 votes, but they seem quite rare. The vote 1 camp looks pretty solid. Not sure how to convert 1024 voters to 1 voters. Too bad the long term future of the coin isn't incentive enough to vote low.....
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gpools
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April 18, 2014, 04:17:51 PM |
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We need marketing foundations and team working: CEO: CSO: CMO: CNO: and more supporter now coin personal working no future.
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hiddensphinx
Legendary
Offline
Activity: 1457
Merit: 1001
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April 18, 2014, 04:27:10 PM |
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long way to go when we reach 128M HeavyCoin cap === long way to go until we can buy a apartment in Monaco
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cayars
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April 18, 2014, 08:15:27 PM |
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long way to go until we can buy a apartment in Monaco
Not if you were on the receiving end of IPO. LOL
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Maestro1
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April 19, 2014, 03:37:09 AM |
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Everyone, how are things with HVC? We've been on a constant decline in value for some time now (market cap is staying the same though).
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If you're happy with our work on AsiaCoin revival, please consider giving us trust feedback and provide donations to the new AsiaCoin Foundation.BTC: 1LCsuAojeFqf5YamN9iiwEo3VJ9YM8HHjf
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incin
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April 19, 2014, 04:21:28 AM |
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Wasn't someone working on marketing stuff? If anyone wants to step up they should consider looking over ECCoin's ANN. They have a big 'Social' campaign going. If anyone knows people in the community here or elsewhere make a shout out. I hate to see this coin die. Clearly dev put in some thought and time to create a unique coin (kudos), but the community just needs to come together and get things goin. It seems like dev is sticking to his "role" and doing what's needed on the wallet end and leaving the future up to the community.
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chiguireitor
Legendary
Offline
Activity: 872
Merit: 1010
Coins, Games & Miners
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April 19, 2014, 04:31:24 AM |
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Need some testers... http://cryptocoinfaucet.appspot.com/games/rpsJust don't go crazy betting too much, it is backed by "Me (tm)" and i don't have too much HVC... Give feedback either here, via PM or via twitter.
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ECF
Newbie
Offline
Activity: 42
Merit: 0
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April 19, 2014, 10:29:52 AM |
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TheRealSteve
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April 19, 2014, 11:36:56 AM |
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Pool hash rates and miners* due to rate variability displayed through pool statistics pages, rates are based on average of 10 samples over the past hour** miner count for 1gh unavailable*** Delta since last update Block Progression and Pool Lucklast 24h | 1gh | nonce | zhpool | poolhub | hash avg | 34,062.26 | 869.57 | 21,067.11 | 1,514.10 | blocks | 513 | 20 | 275 | 10 | hash % | 59.23 | 1.51 | 36.63 | 2.63 | blocks % | 62.74 | 2.45 | 33.64 | 1.17 | luck % | 105.90 | 161.80 | 91.80 | 44.60 |
| | | | | | | | | | last 7d | 1gh | nonce | zhpool | poolhub | hash avg | 37,960.29 | 814.51 | 26,483.63 | 6,036.66 | blocks | 2,877 | 61 | 1,873 | 260 | hash % | 53.24 | 1.14 | 37.15 | 8.47 | blocks % | 56.73 | 1.20 | 36.94 | 5.13 | luck % | 106.56 | 105.29 | 99.43 | 60.55 |
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1gh Top statsTop 100 | Mhash/s | | | Top 10 | Mhash/s | Total: | 30,414.50 | | | Total: | 10,309.58 | Mean rate: | 304.14 | | | Mean rate: | 1,030.96 | Median rate: | 180.43 | | | Median rate: | 799.71 | Mode(10) rate: | 130 | | | Mode(100) rate: | 600 | % of pool: | 84.3% | | | % of pool: | 28.6% | % of network: | 50.5% | | | % of network: | 17.1% |
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Pool voting Mining (indicative, not authoritative!)payoff per Mhash/s / day | ideal solo | 1gh | nonce | zhpool | poolhub | HVC | 5.57379 | 5.57 | 5.51 | 5.20 | 3.17 | mBTC | 0.11181 | 0.11 | 0.11 | 0.10 | 0.06 | USD | 0.05535 | 0.06 | 0.05 | 0.05 | 0.03 |
| | | | | | | | pool take/day | 1gh | nonce | zhpool | poolhub | HVC | 2,137.20 | 45.31 | 1,391.37 | 193.14 | BTC | 0.04 | 0.00 | 0.03 | 0.00 | USD | 21.22 | 0.45 | 13.82 | 1.92 |
| Based on last 7 days performance and... block reward: HVC520 | mBTC/HVC: 0.02006 | USD/BTC: $495
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cryptomines
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April 19, 2014, 01:55:16 PM |
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Wasn't someone working on marketing stuff?
I hate to see this coin die. Clearly dev put in some thought and time to create a unique coin (kudos), but the community just needs to come together and get things goin.
It seems like dev is sticking to his "role" and doing what's needed on the wallet end and leaving the future up to the community.
KreativeKrypto was working on the marketing I believe, but we should have more than 1 person on it. Big thanks for what he's done so far. I believe the thunderclap will drop any day now. Would be fantastic if the Dev's could select a logo winner before that happens so we have a bit sharper of an image to present. The HVC cryptsy page got updated a day or two ago with basic info, which is better than nothing, but I don't know if the dev's did that or cryptsy. The community has been solid and very supportive, but the lack of Dev's maintaining a presence here is a problem which has caused many to leave. If they want to take a minimal role with the coin that's fine, but they should hand off more control to the community if that's the case. I'd like to see the max vote lowered so we can have a longer mint phase. The Dev's have been reluctant to do this which means it is all on the mining community. I know not every miner will agree to a self imposed vote cap, but if we can get enough of the mining community to agree on 500 or 250 as the max vote we could certainly extend the mint. We don't need every miner to agree, just a majority. We need marketing foundations and team working: CEO: CSO: CMO: CNO: and more supporter now coin personal working no future. I'm willing to help anyway I can.
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gpools
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April 19, 2014, 03:20:16 PM |
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Wasn't someone working on marketing stuff?
I hate to see this coin die. Clearly dev put in some thought and time to create a unique coin (kudos), but the community just needs to come together and get things goin.
It seems like dev is sticking to his "role" and doing what's needed on the wallet end and leaving the future up to the community.
KreativeKrypto was working on the marketing I believe, but we should have more than 1 person on it. Big thanks for what he's done so far. I believe the thunderclap will drop any day now. Would be fantastic if the Dev's could select a logo winner before that happens so we have a bit sharper of an image to present. The HVC cryptsy page got updated a day or two ago with basic info, which is better than nothing, but I don't know if the dev's did that or cryptsy. The community has been solid and very supportive, but the lack of Dev's maintaining a presence here is a problem which has caused many to leave. If they want to take a minimal role with the coin that's fine, but they should hand off more control to the community if that's the case. I'd like to see the max vote lowered so we can have a longer mint phase. The Dev's have been reluctant to do this which means it is all on the mining community. I know not every miner will agree to a self imposed vote cap, but if we can get enough of the mining community to agree on 500 or 250 as the max vote we could certainly extend the mint. We don't need every miner to agree, just a majority. We need marketing foundations and team working: CEO: CSO: CMO: CNO: and more supporter now coin personal working no future. I'm willing to help anyway I can. I think we need create one topic and invite support . after we create foundation .
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