deleted

[tAP]

Alright, too quiet around here

Quiet here, but there are much action in poloniex . We are over 3000!

True I just took a look, I am about consider personally taking a nice bite out of some of those walls at 3200 and up.  That's the risk you take trying to put up walls whoever you are haha


88    Pawncoin    $ 102,587    $ 0.016099    6,372,137 PAWN    $ 9,546    +74.75 %


WE BROKE 100k

Let's keep it up

[1714287398]

1714287398

[tAP]

Thanks to those who never stop believing in us. Nice comeback this week, next week will be profitable too.

I believe I said it earlier in the thread that at this point, with the backing of you developers and the amount of support you give/input you take, that if you guys keep it up the only way this coin fails is if the idea fails.

Personally, I invested because this is a service I could use myself, and I am looking forward to it very much.

[pastet89]

Thanks to those who never stop believing in us. Nice comeback this week, next week will be profitable too.

Dev, please, link to updated OpenSSL fixed source (not comlied wallet). Linux guys as me ised this urgently.
Thanks.

[pastet89]

dev  Payment for IPO in Coinpod (Exchange)

what does it mean?

i think you should both accept pawncoin and bitcoin for  Coinpod ipo.


also you can set a fixed rate such as

10K pawncoin equals 1btc

you can invest 10K pawncoin or 1 btc

you can get the equal shares of the pawncoin exchange!

So 10,000 Pawncoin equals to 1 BTC

yeah! because we are a pawncoin exchange. haha

if this happen, it will be very helpful for pawncoin development.
although now, 40K pawncoin=1BTC, but dev has the power to set a fixed rate for pawncoin.

In the Coinpod ipo, we can accept both BTC and Pawncoin.

and give a Fix rate such as

30K pawncoin=1BTC
or
20K pawncoin=1BTC
or
10K pawncoin=1BTC

i prefer 25K pawncoin=1BTC, then people may buy some pawncoin from the free market, because in the free market the rate is 38K pawncoin=1BTC.

dev can think about it.

when will we have the beta coinpod？ thanks.

1Pawncoin = 1$

that's really awesome!

Yep. Been waiting that.

How to easily set a fixed bottom of the price (and yes, 1$, even 5$ is possible!)

It's quite easy - tie it to something with stable price.
Poloniex recently created their own GOLD coin. With this coin you can buy real gold and it is fixed rate, 1 GOLD = 1/10 try ounce.
As you may suggest, the price is absolutely stable and is tied to GOLDs price.

How can we implement this in PAWN? We will have a pawnshop with physical goods. Devs can set a price for trading goods on the PAWNshop on fixed rate. For exmple:
Someone wants to get a loan for its TV. The TV is worth around 100 USD.
Then the pawnshop will give him 100 PAWN. On the other side, if the guy with the TV miss the deadline for returning the loan and the TV becomes property of the pawnshop, then the pawnshop will list it for sale for 100 PAWNs as well. Then, as people know they can buy a TV worth 100 USDs for 100 PAWNs, they will easily trade 1 PAWN for 1 USD on exchanges, because they know this is the real value of this currency. The market will adapt to the pawn rate as the currency is backed by a physical actives. If on the shop there is a set fixed rate on the exchnage it simply can not be different as this will create arbitrage, and arbitrages never last longer as the market adapts to a state where it deltes arbitrages value or puts it down to a minimum. This is what is doing swiss bank as well with their CHF, 40% of them are real backed by EUR or USD. So there is a bottom of the price which can not be broken.

This is the idea in brief. However, there are few things to consider to implement it in reality properly.

1. A way for the price to go up may be still present.
Pawnshop should state: it is accepting PAWNs on fixed X rate OR exchange rate, whatever is higher.

2. All that needs to be done not rapid, but gradially.
If the price goes up 100x in one day due to a fixed rate set by the exchange, all people will be happy with it and will dump their coins on the exchnage. Then they will collapse the price and it may not recover if the liquidity of the exchange is higher than the liquidity (volume of goods traded) on the pawnshop. Liquidity of the Pawnshop will be growing slowly as price should be. Look at Blackcoin. They made a clever way of pumping the price with the pool. However, after the huge pump, all traders sold their coins and even then the price collapsed. Why? Because the coin owners and the price insane fast rise were bigger than the willingness of people to use the pool. Same will happen here if the Pawnshop sets the price from the begining to insane highs. It should go this way:
- When pawnshop opens, the price on exchanges is let's say, 0.1 USD. Pawnshop set it to 0.15 or  higher rate on exchange. On the first week there are let's say 100 items traded on the pawnshop.
- On the second week, the volume of the pawnshop has grown to 300 items, and the price on exchanges has become 0.2. Then Pawnshop can set a new fixed bottom rate of 0.3 USD. And so on...
- As devs said target price is 1$ to 5$ they can set it for a target and of course all of us wants it. But remember, it just needs to be done gradually so the market can load these changes. It is principle of economic. In fact, I talked to a friend economist and shared to him my idea and he told me it is nice and it will really rise the price, but to work it should be done this way.
Also this way folks who pawn their things in the begining will be happy, because they will know they will be getting money, which will be worth much in future. In return, this will stimulate the initial demand to the pawnshop and build up fast its liquidity.

Thanks for your input.

You are welcome, I am glad to be part of this project and will do my best to help get it further!

[pastet89]

Guys, this is just the begining! Price broke the 3K level and the shop has even not opened !!!

[tAP]

Guys, this is just the begining! Price broke the 3K level and the shop has even not opened !!!

What you pointed out regarding the pawnshop I think is extremely important and I'm glad you did.  I think it is very, very important to make sure the Pawnshop builds up a stock of items/digital goods/etc. BEFORE the price is set at a fixed rate - because you're right, everyone will dump coins to make a quick buck, and it may never recover.

At the same time, if I know next week pawncoin will be worth 5 cents more than it was this week, and 5 cents more after, why would I ever buy and not just wait?  edit:  why buy for example a TV I mean

On the other hand, if only a select few (devs or whoever else) know when a fixed price raise is going to happen, it gives them a bit of unfair advantage (insider trading for example - obviously allowed in this market but looked down upon greatly).

So, this is definitely something that should be addressed, but I also agree that pawncoin's price should NOT be set as high as 1 dollar flat fee upon initial release, unless the devs have the capital/USD/BTC whatever to actually pay out if everyone dumps every single coin and runs.

I don't know the correct answer, but I do agree with the sentiment that we all need to load this pawn shop up with goods as soon as it opens.  I have a ton of very useful stuff that I just don't have use for (brand new motherboards, etc) that I would love to send off to the pawn shop and support a new idea rather than sell it on Ebay or have it collect dust.

Edit:  I also think it's necessary for all of us (early investors, late investors or whatever) to send stuff to and buy stuff from the Pawnshop in order to support it in its early stages.  I'm not saying spend money you don't have, but if you can use it, use it!

[pastet89]

What you pointed out regarding the pawnshop I think is extremely important and I'm glad you did.  I think it is very, very important to make sure the Pawnshop builds up a stock of items/digital goods/etc. BEFORE the price is set at a fixed rate - because you're right, everyone will dump coins to make a quick buck, and it may never recover.

What you pointed out regarding the pawnshop I think is extremely important and I'm glad you did.  I think it is very, very important to make sure the Pawnshop builds up a stock of items/digital goods/etc. BEFORE the price is set at a fixed rate - because you're right, everyone will dump coins to make a quick buck, and it may never recover.

................

So, this is definitely something that should be addressed, but I also agree that pawncoin's price should NOT be set as high as 1 dollar flat fee upon initial release, unless the devs have the capital/USD/BTC whatever to actually pay out if everyone dumps every single coin and runs.

As I ponited out, IMO would be best to set a fixed bottom even in the begining, however, not as skyrocketing high as 1 USD but gradualy above current exchange rate on small steps.

At the same time, if I know next week pawncoin will be worth 5 cents more than it was this week, and 5 cents more after, why would I ever buy and not just wait?

Pleas, read your question again and try to answer it. Obviously you are in a big mistake as it is exactly the opposite. If you know something will be worth more in future you are wiling to buy it now.

[pastet89]

Edit:  I also think it's necessary for all of us (early investors, late investors or whatever) to send stuff to and buy stuff from the Pawnshop in order to support it in its early stages.  I'm not saying spend money you don't have, but if you can use it, use it!

I agree, we definately should.

[tAP]

Pleas, read your question again and try to answer it. Obviously you are in a big mistake as it is exactly the opposite. If you know something will be worth more in future you are wiling to buy it now.

I think you misunderstand, I am referring to using Pawncoin to purchase items, I am not talking about buying pawn.  For example:

I want to buy a TV.  It is 100 dollars.  My pawncoin is worth 100 dollars each.  Next week I know my pawncoin will be worth 105.  Why wouldn't I save my pawncoin until next week?  This is the issue with setting a pre-announced fixed price raise.  The other hand is not saying anything to anyone, but then only the select "inner circle" gets to sell/buy and make money off of Pawncoin knowing a price change is coming up while no one else does.

[IBGigglin]

Another great day of improvement on the markets... Also nice to see so many of the top 100 addresses with '0' total coins sent.

[tAP]

Another great day of improvement on the markets... Also nice to see so many of the top 100 addresses with '0' total coins sent.

That's a really good point that I hadn't considered.  That tells us everything we need to know.

Edit: OP, bleeding link on front page


Mac:
Web wallet: http://wallet.epawncoin.com/index.html#/
Android App: https://play.google.com/store/apps/details?id=com.epawncoin.wallet
Linux qt:

Block Explorer: http://explorer.epawncoin.com/explorer
Block Explorer: http://cryptoblox.com/chain/PawnCoin
Faucet: http://explorer.epawncoin.com/faucet

[maccie]

Another great day of improvement on the markets... Also nice to see so many of the top 100 addresses with '0' total coins sent.

That's a really good point that I hadn't considered.  That tells us everything we need to know.

Edit: OP, bleeding link on front page


Mac:
Web wallet: http://wallet.epawncoin.com/index.html#/
Android App: https://play.google.com/store/apps/details?id=com.epawncoin.wallet
Linux qt:

Block Explorer: http://explorer.epawncoin.com/explorer
Block Explorer: http://cryptoblox.com/chain/PawnCoin
Faucet: http://explorer.epawncoin.com/faucet

Devs, you should manage better these kind of things :/.

[provenceday]

Another great day of improvement on the markets... Also nice to see so many of the top 100 addresses with '0' total coins sent.

That's a really good point that I hadn't considered.  That tells us everything we need to know.

Edit: OP, bleeding link on front page


Mac:
Web wallet: http://wallet.epawncoin.com/index.html#/
Android App: https://play.google.com/store/apps/details?id=com.epawncoin.wallet
Linux qt:

Block Explorer: http://explorer.epawncoin.com/explorer
Block Explorer: http://cryptoblox.com/chain/PawnCoin
Faucet: http://explorer.epawncoin.com/faucet

Devs, you should manage better these kind of things :/.

may be dev is busying at developing work. haha

[provenceday]

Guys, this is just the begining! Price broke the 3K level and the shop has even not opened !!!

yeah, soon we will break 5K satoshi, then 10K satoshi.

i think it will reach 10 pawncoin=1BTC soon.

[provenceday]

Another great day of improvement on the markets... Also nice to see so many of the top 100 addresses with '0' total coins sent.

nobody want to sell big amount of pawncoin, the one who want to sell has selled it at 400 satoshi.

the left people are with strong hand, so they may not want to sell it before exchange opens and online shop opens.

[provenceday]

90    Pawncoin   $ 100,622   $ 0.015776   6,378,087 PAWN   $ 8,972   +22.05 %

[provenceday]

90    Pawncoin   $ 100,622   $ 0.015776   6,378,087 PAWN   $ 8,972   +22.05 %

soon we will reach 0.1$=1 pawncoin 

[Rage19420]

Is it just me or is Pawn coin a very well kept secret? Noticed it on Poloniex, bought some and pointed my miners at a pool.  

[tAP]

Another great day of improvement on the markets... Also nice to see so many of the top 100 addresses with '0' total coins sent.

That's a really good point that I hadn't considered.  That tells us everything we need to know.

Edit: OP, bleeding link on front page


Mac:
Web wallet: http://wallet.epawncoin.com/index.html#/
Android App: https://play.google.com/store/apps/details?id=com.epawncoin.wallet
Linux qt:

Block Explorer: http://explorer.epawncoin.com/explorer
Block Explorer: http://cryptoblox.com/chain/PawnCoin
Faucet: http://explorer.epawncoin.com/faucet

Devs, you should manage better these kind of things :/.

may be dev is busying at developing work. haha

I was going to say, I would prefer them developing the coin and the shop and exchange compared to spending time making sure the thread is perfect.  Though maybe this kind of stuff would be a good thing to pawn off (pun not intended) on someone trustworthy in the community or a person they know IRL - update the thread and make sure links are up to date, not broken, etc.

[provenceday]

88    Pawncoin   $ 116,641   $ 0.018288   6,378,137 PAWN   $ 8,650   +42.51 %