kgghost
Newbie
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Activity: 22
Merit: 0
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March 18, 2014, 09:02:35 AM |
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Chinese coin ！  |
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utcminer
Full Member
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Activity: 238
Merit: 100
http://ultracoin.net/ - Ultracoin Website http://c
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March 18, 2014, 09:12:32 AM |
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Chinese coin ！ what's that smile mean,chinese coin is bad? |
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Cryptoinn
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March 18, 2014, 09:36:07 AM |
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What's the block time?
According easy math, something like 40 blocks per hour |
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vkter
Jr. Member
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Activity: 55
Merit: 1
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March 18, 2014, 09:39:59 AM |
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Chinese coin ！ what's that smile mean,chinese coin is bad? |
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Caishen_Project (OP)
Member
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Activity: 162
Merit: 10
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March 18, 2014, 02:01:58 PM |
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What's the block time?
Block time is 88 seconds. I re-added to announcement, as I removed it by mistake yesterday. |
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Wirly
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March 18, 2014, 10:19:35 PM
Last edit: March 18, 2014, 10:31:33 PM by Wirly |
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What's the block time?
Block time is 88 seconds. I re-added to announcement, as I removed it by mistake yesterday. 88...lol, definitely Asian coin. Sounds now like "superstitious coin". Edit: actually "88 coin" sounds cool also, cheers |
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TheStuhlman
Legendary
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Activity: 1059
Merit: 1020
https://twitter.com/JStuhlman
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March 19, 2014, 12:33:17 AM |
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What's the block time?
Block time is 88 seconds. I re-added to announcement, as I removed it by mistake yesterday. 88...lol, definitely Asian coin. Sounds now like "superstitious coin". Edit: actually "88 coin" sounds cool also, cheers I guess the block time made you think that way, but we did not base anything on superstitions, and we did not leave anything to chance. When we take off, we will not spare anything to make you change your mind. |
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Caishen_Project (OP)
Member
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Activity: 162
Merit: 10
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March 19, 2014, 12:48:19 AM |
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New logo added today. Next a full rewards and bounties program.
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scrototeabaggins
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March 19, 2014, 01:31:32 AM |
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This is complete and total garbage. Coin dev should be embarrassed at the state of this coin, even more so because he is doing an IPO. STOP INVESTING IN THESE GARBAGE COINS. This type of obvious profiteering bullshit is hurting the crypto community.
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ehugh66
Full Member
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Activity: 164
Merit: 100
alt fans！
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March 19, 2014, 01:53:41 AM |
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too expensive of the ipo !
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TheStuhlman
Legendary
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Activity: 1059
Merit: 1020
https://twitter.com/JStuhlman
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March 19, 2014, 02:19:13 AM |
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This is complete and total garbage. Coin dev should be embarrassed at the state of this coin, even more so because he is doing an IPO. STOP INVESTING IN THESE GARBAGE COINS. This type of obvious profiteering bullshit is hurting the crypto community.
IPO money is not going to the devs, we stated that clearly. It will be only spent on promotions, ad campaigns. The link to the wallet holding IPO money will be put out in the open, and spending will be verifiable as well. People paying for the IPO will be paying for to promote what they bought, not a losing proposal. I know these IPO's attract too much criticism because of what some greedy devs do, but not all apples are bad apples. We do know one thing, we are sticking with CaiShen for the long run. |
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TheStuhlman
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Activity: 1059
Merit: 1020
https://twitter.com/JStuhlman
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March 19, 2014, 02:46:17 AM |
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too expensive of the ipo !
The coin price was based on max coin quantity and coins produced per minute. We took an average of the coins prices and quantities and this price we reached will allow an investor a potential minimum profit of at least 4 times his initial investment. We could have made the max coins in the billions and sold a huge amount of coins for more BTC but it was not our intention to collect BTC an run like most failed IPO's with devs who have no ethics. We will not flood the market with cheap coins. And whatever BTC we collect will be spent on the coin. We as devs will get payment biweekly in CAI and will hold our coins to give CAI it's true potential. Some of the Devs are pool owners including me, and we know how devastating it is when devs break loose and run with IPO money or abandon a coin. We intend to promote this coin for a long long time, because it will be an income source from our pools as well. We will have all interest in making sure it's not abandoned. Building a healthy coin community is also very important for any coin, so we will make great efforts on that front. With the market situation now and the over saturation of coins, it won't be long before the good coins from bad coins can be told. |
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TheStuhlman
Legendary
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Activity: 1059
Merit: 1020
https://twitter.com/JStuhlman
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March 19, 2014, 03:02:49 AM |
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you be stupid to give bitcoins to another coin. maybe i should start a coin and take bitcoins for dibs on my stupid coin.
Most wealth comes from sound investment. I have to agree with you, giving BTC to new coins is risky, and there was a bunch of crooked devs who abused this to the extreme. But it is the same situation in the real word, Ponzi schemes and bad banks/bankers, should people stop investing? 90% of IPO investments in altcoins have paid off for investors, a much better ratio than real world investments and this figure is not exaggerated. |
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NickPortland
Member
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Activity: 98
Merit: 10
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March 19, 2014, 06:58:25 AM |
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you be stupid to give bitcoins to another coin. maybe i should start a coin and take bitcoins for dibs on my stupid coin.
Most wealth comes from sound investment. I have to agree with you, giving BTC to new coins is risky, and there was a bunch of crooked devs who abused this to the extreme. But it is the same situation in the real word, Ponzi schemes and bad banks/bankers, should people stop investing? 90% of IPO investments in altcoins have paid off for investors, a much better ratio than real world investments and this figure is not exaggerated. Well said. In general, IPO for new coins is risky, but roi is amazing in real world relative terms. Plus CaiShen seems to have serious, reliable, people behind it, contrary to many other projects. |
Official Ambassador for UTC-PND relations
*donations here*
UTC: Ujff1xrc8brmHkRaFG3BcG5nVScXdh5Wu1 BTC: 159uuxJCfUsG44N52NUsydi2bCNeFSYyTi
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TheStuhlman
Legendary
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Activity: 1059
Merit: 1020
https://twitter.com/JStuhlman
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March 19, 2014, 12:50:21 PM |
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Working on rewards and bounties today, will also have more information for pool owners to finalize settings on their pools. We are done with the Linux client and working on the windows and Mac clients. We have claims for bounties on Block explorer, faucet, and IRC tip BOT Dice game Bot, client API's in explorer to allow for Android and other app interactions.
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TheStuhlman
Legendary
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Activity: 1059
Merit: 1020
https://twitter.com/JStuhlman
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March 19, 2014, 01:01:47 PM |
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Is this the main thread for this coin? It seems kind of slow....  We are not dealing with many trolls because we are somewhat known by many people on these forums, trolls make threads somewhat popular by injecting a lot of posts. I know in marketing any publicity is good publicity, but I am also glad I have more time to work on more important stuff and when marketing comes, people won't have to deal with pages and pages of unimportant material. Who knows maybe the trolls are busy with almost 30 coins released in two weeks, and will catch up to us when their time allows it. and when they do I hope I am done with all the important stuff. We are also holding back on heavy marketing in the IPO period, as that will make us look like we are seeking a quick exit, which we are not. |
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Caishen_Project (OP)
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Activity: 162
Merit: 10
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March 20, 2014, 03:19:47 AM |
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Update: all details for pool operators ready. We should have a list of pools on Friday for pre-registrations. Also Friday 11:59 PM Eastern time will be the end of stage 1 of the IPO.
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MasterCATZ
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March 20, 2014, 07:34:59 AM |
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I still feel entry price is on the high side ( 10x what UTC was sold for I believe )
but on the other hand might help stop the cheap dumping's
ordered 1 BTC worth of IPO any how and might swing some hash power to a pool later on
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powerfull
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March 20, 2014, 01:17:41 PM |
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28million coin and 0.0005 BTC per caishencoin. it's tooooooo expensive . The price should be determined by the market but not DEV , when i got ipo , The failure of investment risk is high enough....
so i will not join ipo but mine the coin is better..
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YAdaminer
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March 20, 2014, 01:47:45 PM |
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I also made bid for 1 BTC CAI's at IPO price.
Regarding IPO price i think its OK but yes, market will tell.
Just to compare
Coins in total: VTC 84 million / UTC 100 million / CAI 28 million
Block time: VTC 150 sec (2,5 min) / UTC 30 sec / CAI 88 sec
Block Rewards: VTC 50 coins / UTC 50 coins / CAI 28 coins
Coins per min: VTC - 20 / UTC - 100 / CAI - 19
Current price BTC: VTC 0.0018 / UTC 0.00021 / CAI 0.0005
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