equalizer
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June 06, 2014, 08:40:19 PM Last edit: June 06, 2014, 09:24:45 PM by equalizer |
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The question is, are you going to disappear, or are you going to man up, admit you were wrong and fix this?
Hmm, Ok i'll bite. One last time I have an ethical compass that I follow. There is no such thing as "a little bit wrong" or "a little bit unethical" - "when your head is underwater, you drown". Im not changing my view of right and wrong because people ask me too. The "fix" that a vocal minority ( and their sockpuppets ) keeps proposing is NOT a fix, messing with the inflation model is a short term bandaid that is going to cause more harm then good. Do some homework and look at other coins who have done this. Where are they now ? Nobody trusts them. It's motivated by fear and greed, not wisdom. I rest my case. If there truly was a majority of investors/speculators who wanted that and demanded it, I would have resigned from the team because of that. Hiros are smarter than that though, and it's not the reason I'm handing over management of the forums and PR to Omar. The simple reason that Hirocoin price is low is twofold : other coins are stealing the limelight because they are new and exciting, and altcoins have been in a decline for a while now. Simple as that. Every coin faces this. When BTC reaches it's peak and subsequently starts dropping,promising altcoins are going to go up, Hirocoin included. You may quote me on that. Hirocoin either takes back it's place in the limelight or wait for more attention for altcoins in general. Here's the thing, Joerii. I think it's in poor taste that you refer to any of Hiro's community members as "sockpuppets" simply on the basis that you don't agree with what we have to say. That right there demonstrates your lack of professionalism, no matter how much you like to label yourself as a professional. As far as ethics, you have every right to voice your ethics. The disconnect with putting your personal beliefs ahead of those of the community is what I've been calling out to you. You are supposed to be the voice of the community, even the voice of the minority or the unpopular, because we ALL belong to this community. What we've witnessed you doing is banishing those who didn't see things your way by saying we were simply wrong. Time and time again, it felt like you were not the voice of the community, but the voice of yourself primarily. I'm sure that feels incredibly unfair, but that is how it came across to me, regardless of your intent. Many of us, whether we're in the minority or the majority, have felt that you've been running the show with a "you're either with me or you're against me" type of tone. This is why I left the Hiro thread for over a month - I couldn't stand this type of leadership, especially when I earnestly invested several BTCs into Hiro and naively believed you and your team members would represent our collective voices. The price of Hirocoin continuously falling has many reasons. Everyone has their opinion on the causes and everyone thinks they have the answer. This is why I suggested we vote. It's true, it's not only Hirocoin dropping in value - several other coins are experiencing this. But there are also coins that have successfully bounced back after making critical changes to their original plan and you know this. We all know this, so to say that it's because we've lost the limelight or that all altcoins have been in a decline seems inaccurate and a bit of a cop out. And yes, when BTC reaches its next impressive peak and we have many new BTC bagholders wanting out of BTC to trade in alts, many many altcoin prices will go up. We've seen this time and again after every BTC hike, so that really has very little to do with Hirocoin specifically and has even less to do with how you chose to manage this coin up to this point. And why sit around and wait for the BTC hike/fall to affect the trajectory of Hirocoin when we can act now to try and make it the premiere X11 coin we all initially believed it could be? Seems lazy to just wait for new BTC holders to do all the work when an intelligent community can come together and be better than other depreciating alts, sooner than later. Regardless of our differences, thanks for your long hours and trying to do what you believed was right for the coin. The next time you lead a coin, please consider how important it is to represent us ALL and to nurture all ideas and see them through as if they were your own, even if they go against your own ethics or strategy. Like you said, being a community leader is not an easy job, and I agree with you on that completely. See? We can actually agree on something. Are pigs flying somewhere? Is the fat lady singing? Have the cows come home? Is someone blue in the face?
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Joerii
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June 06, 2014, 11:04:09 PM Last edit: June 06, 2014, 11:16:31 PM by Joerii |
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The question is, are you going to disappear, or are you going to man up, admit you were wrong and fix this?
Hmm, Ok i'll bite. One last time I have an ethical compass that I follow. There is no such thing as "a little bit wrong" or "a little bit unethical" - "when your head is underwater, you drown". Im not changing my view of right and wrong because people ask me too. The "fix" that a vocal minority ( and their sockpuppets ) keeps proposing is NOT a fix, messing with the inflation model is a short term bandaid that is going to cause more harm then good. Do some homework and look at other coins who have done this. Where are they now ? Nobody trusts them. It's motivated by fear and greed, not wisdom. I rest my case. If there truly was a majority of investors/speculators who wanted that and demanded it, I would have resigned from the team because of that. Hiros are smarter than that though, and it's not the reason I'm handing over management of the forums and PR to Omar. The simple reason that Hirocoin price is low is twofold : other coins are stealing the limelight because they are new and exciting, and altcoins have been in a decline for a while now. Simple as that. Every coin faces this. When BTC reaches it's peak and subsequently starts dropping,promising altcoins are going to go up, Hirocoin included. You may quote me on that. Hirocoin either takes back it's place in the limelight or wait for more attention for altcoins in general. Here's the thing, Joerii. I think it's in poor taste that you refer to any of Hiro's community members as "sockpuppets" simply on the basis that you don't agree with what we have to say. You're putting words in my mouth. I didn't say they are sockpuppets because I don't agree with what they say.Are you familiar with the term "sockpuppet" ? It's an account made for the soul purpose of agreeing or disagreeing with someone. They are usually easy to spot because they post super low content posts and typically have low post counts. What is a "member of the community" ? Someone who think they can get rich quick by buying an altcoin ? Someone who thinks they have a say in the direction of a coin because they bought $50 worth ? Or the people who spend months of their lives coming up with plans, connecting with other teams, sacrificing time they could have spent with their families ? Someone like you who comes into this thread and takes the time and effort to explain their thoughts ? There are shades of grey, but some people in this community CARE and put in effort, and others only want to make a quick buck, to hell with the future of Hirocoin. As for my professionalism ; I'm now speaking solely for myself, no longer as a spokesman for Hirocoin. What we've witnessed you doing is banishing those who didn't see things your way by saying we were simply wrong.
What ? Were ? When ? Please quote me where I did that. One thing I always try to take care of is not rejecting people, but only tell them where I disagree with their standpoints or ideas. As far as I know, I've always said "We think" or "I feel that..." Never : "YOU ARE". I'd like to think my communication skills are better then banishing people for saying what they think. If I really did that, I truly regret that and didn't mean too. I too am capable of being a dick though. Kindly point out where I was, if you can. Like you said, being a community leader is not an easy job, and I agree with you on that completely. See? We can actually agree on something. Are pigs flying somewhere? Is the fat lady singing? Have the cows come home? Is someone blue in the face? Wink Lol, thanks Leading is hard because you have to make unpopular choices. If I had bent to every whim ( and get the rest of the team behind those choices !), we'd have a hardfork every two weeks, had pure PoS, 1000% interest per day AND coins somehow disapearing at the same time to deflate supply. Oh, and we'd have a casino, pay hookers with Hirocoin, have a harddrugs market place, and basically we'd be Darkcoin with a different name. We need to have vision, limit ourselves to what we think is the right thing, or you're lost and without direction at all.
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Hypercube - get the attention you deserve
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coinlighter
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June 07, 2014, 01:04:39 AM |
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The question is, are you going to disappear, or are you going to man up, admit you were wrong and fix this?
Hmm, Ok i'll bite. One last time I have an ethical compass that I follow. There is no such thing as "a little bit wrong" or "a little bit unethical" - "when your head is underwater, you drown". Im not changing my view of right and wrong because people ask me too. The "fix" that a vocal minority ( and their sockpuppets ) keeps proposing is NOT a fix, messing with the inflation model is a short term bandaid that is going to cause more harm then good. Do some homework and look at other coins who have done this. Where are they now ? Nobody trusts them. It's motivated by fear and greed, not wisdom. I rest my case. If there truly was a majority of investors/speculators who wanted that and demanded it, I would have resigned from the team because of that. Hiros are smarter than that though, and it's not the reason I'm handing over management of the forums and PR to Omar. The simple reason that Hirocoin price is low is twofold : other coins are stealing the limelight because they are new and exciting, and altcoins have been in a decline for a while now. Simple as that. Every coin faces this. When BTC reaches it's peak and subsequently starts dropping,promising altcoins are going to go up, Hirocoin included. You may quote me on that. Hirocoin either takes back it's place in the limelight or wait for more attention for altcoins in general. Here's the thing, Joerii. I think it's in poor taste that you refer to any of Hiro's community members as "sockpuppets" simply on the basis that you don't agree with what we have to say. You're putting words in my mouth. I didn't say they are sockpuppets because I don't agree with what they say.Are you familiar with the term "sockpuppet" ? It's an account made for the soul purpose of agreeing or disagreeing with someone. They are usually easy to spot because they post super low content posts and typically have low post counts. What is a "member of the community" ? Someone who think they can get rich quick by buying an altcoin ? Someone who thinks they have a say in the direction of a coin because they bought $50 worth ? Or the people who spend months of their lives coming up with plans, connecting with other teams, sacrificing time they could have spent with their families ? Someone like you who comes into this thread and takes the time and effort to explain their thoughts ? There are shades of grey, but some people in this community CARE and put in effort, and others only want to make a quick buck, to hell with the future of Hirocoin. As for my professionalism ; I'm now speaking solely for myself, no longer as a spokesman for Hirocoin. What we've witnessed you doing is banishing those who didn't see things your way by saying we were simply wrong.
What ? Were ? When ? Please quote me where I did that. One thing I always try to take care of is not rejecting people, but only tell them where I disagree with their standpoints or ideas. As far as I know, I've always said "We think" or "I feel that..." Never : "YOU ARE". I'd like to think my communication skills are better then banishing people for saying what they think. If I really did that, I truly regret that and didn't mean too. I too am capable of being a dick though. Kindly point out where I was, if you can. Like you said, being a community leader is not an easy job, and I agree with you on that completely. See? We can actually agree on something. Are pigs flying somewhere? Is the fat lady singing? Have the cows come home? Is someone blue in the face? Wink Lol, thanks Leading is hard because you have to make unpopular choices. If I had bent to every whim ( and get the rest of the team behind those choices !), we'd have a hardfork every two weeks, had pure PoS, 1000% interest per day AND coins somehow disapearing at the same time to deflate supply. Oh, and we'd have a casino, pay hookers with Hirocoin, have a harddrugs market place, and basically we'd be Darkcoin with a different name. We need to have vision, limit ourselves to what we think is the right thing, or you're lost and without direction at all. Am I right in thinking that you were referring to me with that? cause there is no one except me in here that falls under your description with low post count. If you have noticed my account was created way before most in this thread and Hiro didn't existed back then.
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equalizer
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June 07, 2014, 02:06:46 AM |
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Am I right in thinking that you were referring to me with that? cause there is no one except me in here that falls under your description with low post count. If you have noticed my account was created way before most in this thread and Hiro didn't existed back then.
Let's give Joerii the benefit of the doubt and assume he didn't mean any single person. The community has spoken (at various times throughout the Hiro journey), Joerii has elected to step aside, and now we wait to hear from Omar on next steps. Onward and upward, right? Omar - welcome aboard as our community leader.
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124C41
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EVERYTHING YOU CAN IMAGINE IS REAL
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June 07, 2014, 02:26:41 AM |
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Thanks for all your hard work Joerii
Despite what some members have said, we all truly appreciate the dedication and work you've given to Hirocoin.
Omar welcome, we're all looking forward to hearing from you.
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Whether you think you can, or you think you can't - you're right. BTC: 1Ex3zmaHoqbMBUWQVcG7kdTCktyng7Ld9M LTC: Lhrp8G9EjoyKCqKAmtuprUcV9KvqZQKAfk
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Joerii
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June 07, 2014, 08:07:10 AM |
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Thanks ! And you're welcome
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Hypercube - get the attention you deserve
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coinlighter
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June 07, 2014, 09:27:09 AM Last edit: June 07, 2014, 05:17:34 PM by coinlighter |
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Thanks ! And you're welcome Hi.Can you please answer to my question in the pervious page? That's rude to call some members of the community sockpuppets. About your leaving. I admit it.You are an asset to this coin and I think you shouldn't leave(if that's possible), it would be a great loss.Your contribution to this coin can't be argued (and I thank you for that)but if it's your final decision, then so be it. Good luck! Regards
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OmarGsPools
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June 07, 2014, 02:53:53 PM |
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Hey guys, I just wanted to give everyone an update on the ongoing development of Hirocoin.
Our current strength lies in our development team. We've been able to bring the community a well coded and secure cryptocurrency. As I'm sure some of you heard, Hiro was asked to assist with Darkcoin to secure their blockchain. Darkcoin being one of the largest cryptocurrencies at this time shows the ability that Hiro possesses as a developer.
Moving forward we are developing the necessities for Hirocoin to achieve merchant adoption. The Android Wallet is one of them and is near completion. This is a necessity as it'll allow Hirocoin users to make and receive payments from their mobile devices. I will be contacting a few places to grow our current platform and get us that much closer to being a transactional cryptocurrency. The main target is Moolah.io as they offer platforms for anyone to create a business which accepts HIRO as a currency.
A whitepaper is being written by me currently to outline what Hirocoin is and what it has to offer. A roadmap will then be constructed after to outline current and future goals as we move forward.
Hopefully this helps with making the ongoing development a bit more transparent.
If anyone has any comments or suggestions feel free to let us know and I'll try to respond to them as soon as possible.
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coinlighter
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June 07, 2014, 03:20:03 PM Last edit: June 07, 2014, 04:14:54 PM by coinlighter |
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Hey guys, I just wanted to give everyone an update on the ongoing development of Hirocoin.
Our current strength lies in our development team. We've been able to bring the community a well coded and secure cryptocurrency. As I'm sure some of you heard, Hiro was asked to assist with Darkcoin to secure their blockchain. Darkcoin being one of the largest cryptocurrencies at this time shows the ability that Hiro possesses as a developer.
Moving forward we are developing the necessities for Hirocoin to achieve merchant adoption. The Android Wallet is one of them and is near completion. This is a necessity as it'll allow Hirocoin users to make and receive payments from their mobile devices. I will be contacting a few places to grow our current platform and get us that much closer to being a transactional cryptocurrency. The main target is Moolah.io as they offer platforms for anyone to create a business which accepts HIRO as a currency.
A whitepaper is being written by me currently to outline what Hirocoin is and what it has to offer. A roadmap will then be constructed after to outline current and future goals as we move forward.
Hopefully this helps with making the ongoing development a bit more transparent.
If anyone has any comments or suggestions feel free to let us know and I'll try to respond to them as soon as possible.
Thank you for update, I can't wait to read the whitepaper. I forgot to ask.Is that possible to make a poll or something regarding the Block reward and total coins reduction as community(including me) suggested? Maybe it wants to keep things as is. But I don't know how it can be done without rigging. I want to know what you think about it. Regards Edited:
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jdebunt
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June 07, 2014, 07:32:24 PM |
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coinlighter
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June 07, 2014, 08:06:25 PM Last edit: June 08, 2014, 08:21:22 AM by coinlighter |
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Thank you for the article. From mintpal I can't send coins to your address, that you posted under the article, it says "You cannot withdraw back to a MintPal deposit address. Please try again." Can you please post different address or download the wallet?
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OmarGsPools
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June 07, 2014, 09:17:49 PM |
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Thanks for the article! Great work as always. I'll be sure to contact you when we release news in the future. Regarding the poll and ANN post, I will try to arrange for a restructuring of the ANN post to accomodate for new pools, links to downloads and mention of the forums on hirocoin.org The poll for a block reward change and coin supply reduction I'd like to hold off on. The reason is that it is not the root of the issue of HIRO's falling value. At the current supply rate and HIRO exchange rate it does not require anything close to an unwarranted amount of buy support in order to maintain its price. It also wouldn't take much to maintain a much higher price. I'm open to discussing why it is necessary for a change and if a unique and creative scheme is brought to the table I'd gladly bring it to the rest of the team for discussion, but as of now what I wrote above is where is I stand.
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cryptodevil
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Thread-puller extraordinaire
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June 08, 2014, 06:26:12 AM |
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Can you post the, usually required, equivalent BTC per/MH per day rate?
Commercial miners who might not be interested in holding a coin will still mine it if the profitability makes it worthwhile. So if you want to attract higher hashing rates you have to put the figures out there.
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WARNING!!! Check your forum URLs carefully and avoid links to phishing sites like 'thebitcointalk' 'bitcointalk.to' and 'BitcointaLLk'
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coinlighter
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June 08, 2014, 02:34:29 PM Last edit: June 08, 2014, 03:30:25 PM by coinlighter |
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Thanks for the article! Great work as always. I'll be sure to contact you when we release news in the future. Regarding the poll and ANN post, I will try to arrange for a restructuring of the ANN post to accomodate for new pools, links to downloads and mention of the forums on hirocoin.org The poll for a block reward change and coin supply reduction I'd like to hold off on. The reason is that it is not the root of the issue of HIRO's falling value. At the current supply rate and HIRO exchange rate it does not require anything close to an unwarranted amount of buy support in order to maintain its price. It also wouldn't take much to maintain a much higher price. I'm open to discussing why it is necessary for a change and if a unique and creative scheme is brought to the table I'd gladly bring it to the rest of the team for discussion, but as of now what I wrote above is where is I stand. Thank you for responding, I respect your stance. Of course it's not the root of the problem now, because we have ~54m coins in circulation, that is very small amount, but in the future that will be the stumbling block to success .You might say let's not jump ahead of time, but when the community will get larger, they will bring up inflation model at some point and that's were it will be unfair to change the inflation model IMHO. In your previous posts you mentioned that it will be bad for decentralization .Let's be realistic in this unrealistic cryptoland,there will always be small percent that will hold greater amount of coins then the rest,it's not a problem for them to accumulate how much they want, whatever the coin supply is, even in bitcoin(that's may be one of the most unfair distribution of coins in crypto) 100 people hold the 70% of coins if I'm right.The benefit of so called "early adopter" thing, that's stomps the concept of decentralization the crypto promoted in the first place.Sorry I digressed. Let's do the math. In 1 year at this rate there will be~260m coins in circulation. If our marketcap now is 70 BTC with 54M coins. We need to rise 380% in one year (it's ~1% a day), to only keep up at this price of 130sat e.g. if Hiro in one year will rise 380%(that is great mark) and it's not a sure thing that it will, our coins will still be worth the same.Yeah in crypto 1% a day is nothing but people who buy a coin expect it to rise in price not stagnate or worse fall, and quickly losing interest and jumping ship.That is the essence of the community in cryptoland unfortunately, therefore the success IMHO. And another suggestion. Is it possible to implement maybe "reverse dynamic block reward" e.g. decreasing and increasing the block reward between 50 - 400 according to market data (price/volume) in order to absorb the coins, I don't know any other coin implemented it or not, if not that might be an innovative feature. Also we must do something in the marketing front asap. Lastly, I want to thank you for all the hard work you are doing for Hiro regardless of our differences. My English is limited as you've noticed, and I apologize for that. Regards
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afeizhai
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June 08, 2014, 03:19:55 PM |
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POS coins into it, otherwise prices have continued down
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matauc12
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June 08, 2014, 04:11:44 PM |
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Thanks for the article! Great work as always. I'll be sure to contact you when we release news in the future. Regarding the poll and ANN post, I will try to arrange for a restructuring of the ANN post to accomodate for new pools, links to downloads and mention of the forums on hirocoin.org The poll for a block reward change and coin supply reduction I'd like to hold off on. The reason is that it is not the root of the issue of HIRO's falling value. At the current supply rate and HIRO exchange rate it does not require anything close to an unwarranted amount of buy support in order to maintain its price. It also wouldn't take much to maintain a much higher price. I'm open to discussing why it is necessary for a change and if a unique and creative scheme is brought to the table I'd gladly bring it to the rest of the team for discussion, but as of now what I wrote above is where is I stand. Thank you for responding, I respect your stance. Of course it's not the root of the problem now, because we have ~54m coins in circulation, that is very small amount, but in the future that will be the stumbling block to success .You might say let's not jump ahead of time, but when the community will get larger, they will bring up inflation model at some point and that's were it will be unfair to change the inflation model IMHO. In your previous posts you mentioned that it will be bad for decentralization .Let's be realistic in this unrealistic cryptoland,there will always be small percent that will hold greater amount of coins then the rest,it's not a problem for them to accumulate how much they want, whatever the coin supply is, even in bitcoin(that's may be one of the most unfair distribution of coins in crypto) 100 people hold the 70% of coins if I'm right.The benefit of so called "early adopter" thing, that's stomps the concept of decentralization the crypto promoted in the first place.Sorry I digressed. Let's do the math. In 1 year at this rate there will be~260m coins in circulation. If our marketcap now is 70 BTC with 54M coins. We need to rise 380% in one year (it's ~1% a day), to only keep up at this price of 130sat e.g. if Hiro in one year will rise 380%(that is great mark) and it's not a sure thing that it will, our coins will still be worth the same.Yeah in crypto 1% a day is nothing but people who buy a coin expect it to rise in price not stagnate or worse fall, and quickly losing interest and jumping ship.That is the essence of the community in cryptoland unfortunately, therefore the success IMHO. And another suggestion. Is it possible to implement maybe "reverse dynamic block reward" e.g. decreasing and increasing the block reward between 50 - 400 according to market data (price/volume) in order to absorb the coins, I don't know any other coin implemented it or not, if not that might be an innovative feature. Also we must do something in the marketing front asap. Lastly, I want to thank you for all the hard work you are doing for Hiro regardless of our differences. My English is limited as you've noticed, and I apologize for that. Regards I have been a firm believer that changing coin supply is a terrible idea because it acts to as manipulating the market in an even more drastic way than governments does. But we are still in infancy, if a change has to be made its now. We want our coin to be a good coin, and let's be honest, 500 million coin per day is way too much. Not just a little too much, way too much. I think maybe we should tackle the bear right now, instead of keeping on going and then be at a point where we are left with too much static inflation, and too big to change it. Like I've said, I've been supporting the idea that coin supply shouldn't even be contemplated. But i now believe that if we're gonna want to go forward, we're gonna need to revise that. It's not about the price nearly as much as about the difficulties we have been/will face with this extremely high inflation. Also, radical changes tend be what works over here. So we want want all the little good things that hiro gives to be recognized, we might have to make 1 bold move.
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equalizer
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June 08, 2014, 04:26:58 PM |
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Thanks for the article! Great work as always. I'll be sure to contact you when we release news in the future. Regarding the poll and ANN post, I will try to arrange for a restructuring of the ANN post to accomodate for new pools, links to downloads and mention of the forums on hirocoin.org The poll for a block reward change and coin supply reduction I'd like to hold off on. The reason is that it is not the root of the issue of HIRO's falling value. At the current supply rate and HIRO exchange rate it does not require anything close to an unwarranted amount of buy support in order to maintain its price. It also wouldn't take much to maintain a much higher price. I'm open to discussing why it is necessary for a change and if a unique and creative scheme is brought to the table I'd gladly bring it to the rest of the team for discussion, but as of now what I wrote above is where is I stand. Thank you for responding, I respect your stance. Of course it's not the root of the problem now, because we have ~54m coins in circulation, that is very small amount, but in the future that will be the stumbling block to success .You might say let's not jump ahead of time, but when the community will get larger, they will bring up inflation model at some point and that's were it will be unfair to change the inflation model IMHO. In your previous posts you mentioned that it will be bad for decentralization .Let's be realistic in this unrealistic cryptoland,there will always be small percent that will hold greater amount of coins then the rest,it's not a problem for them to accumulate how much they want, whatever the coin supply is, even in bitcoin(that's may be one of the most unfair distribution of coins in crypto) 100 people hold the 70% of coins if I'm right.The benefit of so called "early adopter" thing, that's stomps the concept of decentralization the crypto promoted in the first place.Sorry I digressed. Let's do the math. In 1 year at this rate there will be~260m coins in circulation. If our marketcap now is 70 BTC with 54M coins. We need to rise 380% in one year (it's ~1% a day), to only keep up at this price of 130sat e.g. if Hiro in one year will rise 380%(that is great mark) and it's not a sure thing that it will, our coins will still be worth the same.Yeah in crypto 1% a day is nothing but people who buy a coin expect it to rise in price not stagnate or worse fall, and quickly losing interest and jumping ship.That is the essence of the community in cryptoland unfortunately, therefore the success IMHO. And another suggestion. Is it possible to implement maybe "reverse dynamic block reward" e.g. decreasing and increasing the block reward between 50 - 400 according to market data (price/volume) in order to absorb the coins, I don't know any other coin implemented it or not, if not that might be an innovative feature. Also we must do something in the marketing front asap. Lastly, I want to thank you for all the hard work you are doing for Hiro regardless of our differences. My English is limited as you've noticed, and I apologize for that. Regards I have been a firm believer that changing coin supply is a terrible idea because it acts to as manipulating the market in an even more drastic way than governments does. But we are still in infancy, if a change has to be made its now. We want our coin to be a good coin, and let's be honest, 500 million coin per day is way too much. Not just a little too much, way too much. I think maybe we should tackle the bear right now, instead of keeping on going and then be at a point where we are left with too much static inflation, and too big to change it. Like I've said, I've been supporting the idea that coin supply shouldn't even be contemplated. But i now believe that if we're gonna want to go forward, we're gonna need to revise that. It's not about the price nearly as much as about the difficulties we have been/will face with this extremely high inflation. Also, radical changes tend be what works over here. So we want want all the little good things that hiro gives to be recognized, we might have to make 1 bold move. This gets my vote. Omar - these drastic measures are worthy of serious consideration. No idea is perfect, and there are no guarantees. But staying the course is not working. We need to make some tough choices, broadcast to the larger market what we're doing and why we're doing it, and demonstrate that we are an involved, intelligent, and agile community. Changes don't have to stink of desperation - they can be about staying relevant in the dynamic crypto market.
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coinlighter
Member
Offline
Activity: 118
Merit: 10
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June 08, 2014, 04:54:27 PM |
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Thanks for the article! Great work as always. I'll be sure to contact you when we release news in the future. Regarding the poll and ANN post, I will try to arrange for a restructuring of the ANN post to accomodate for new pools, links to downloads and mention of the forums on hirocoin.org The poll for a block reward change and coin supply reduction I'd like to hold off on. The reason is that it is not the root of the issue of HIRO's falling value. At the current supply rate and HIRO exchange rate it does not require anything close to an unwarranted amount of buy support in order to maintain its price. It also wouldn't take much to maintain a much higher price. I'm open to discussing why it is necessary for a change and if a unique and creative scheme is brought to the table I'd gladly bring it to the rest of the team for discussion, but as of now what I wrote above is where is I stand. Thank you for responding, I respect your stance. Of course it's not the root of the problem now, because we have ~54m coins in circulation, that is very small amount, but in the future that will be the stumbling block to success .You might say let's not jump ahead of time, but when the community will get larger, they will bring up inflation model at some point and that's were it will be unfair to change the inflation model IMHO. In your previous posts you mentioned that it will be bad for decentralization .Let's be realistic in this unrealistic cryptoland,there will always be small percent that will hold greater amount of coins then the rest,it's not a problem for them to accumulate how much they want, whatever the coin supply is, even in bitcoin(that's may be one of the most unfair distribution of coins in crypto) 100 people hold the 70% of coins if I'm right.The benefit of so called "early adopter" thing, that's stomps the concept of decentralization the crypto promoted in the first place.Sorry I digressed. Let's do the math. In 1 year at this rate there will be~260m coins in circulation. If our marketcap now is 70 BTC with 54M coins. We need to rise 380% in one year (it's ~1% a day), to only keep up at this price of 130sat e.g. if Hiro in one year will rise 380%(that is great mark) and it's not a sure thing that it will, our coins will still be worth the same.Yeah in crypto 1% a day is nothing but people who buy a coin expect it to rise in price not stagnate or worse fall, and quickly losing interest and jumping ship.That is the essence of the community in cryptoland unfortunately, therefore the success IMHO. And another suggestion. Is it possible to implement maybe "reverse dynamic block reward" e.g. decreasing and increasing the block reward between 50 - 400 according to market data (price/volume) in order to absorb the coins, I don't know any other coin implemented it or not, if not that might be an innovative feature. Also we must do something in the marketing front asap. Lastly, I want to thank you for all the hard work you are doing for Hiro regardless of our differences. My English is limited as you've noticed, and I apologize for that. Regards I have been a firm believer that changing coin supply is a terrible idea because it acts to as manipulating the market in an even more drastic way than governments does. But we are still in infancy, if a change has to be made its now. We want our coin to be a good coin, and let's be honest, 500 million coin per day is way too much. Not just a little too much, way too much. I think maybe we should tackle the bear right now, instead of keeping on going and then be at a point where we are left with too much static inflation, and too big to change it. Like I've said, I've been supporting the idea that coin supply shouldn't even be contemplated. But i now believe that if we're gonna want to go forward, we're gonna need to revise that. It's not about the price nearly as much as about the difficulties we have been/will face with this extremely high inflation. Also, radical changes tend be what works over here. So we want want all the little good things that hiro gives to be recognized, we might have to make 1 bold move. Sorry to point to, but it's not 500 million, it's 576 000 coins per day. Maybe you meant 500 thousand Regards
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matauc12
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June 08, 2014, 05:25:02 PM |
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Thanks for the article! Great work as always. I'll be sure to contact you when we release news in the future. Regarding the poll and ANN post, I will try to arrange for a restructuring of the ANN post to accomodate for new pools, links to downloads and mention of the forums on hirocoin.org The poll for a block reward change and coin supply reduction I'd like to hold off on. The reason is that it is not the root of the issue of HIRO's falling value. At the current supply rate and HIRO exchange rate it does not require anything close to an unwarranted amount of buy support in order to maintain its price. It also wouldn't take much to maintain a much higher price. I'm open to discussing why it is necessary for a change and if a unique and creative scheme is brought to the table I'd gladly bring it to the rest of the team for discussion, but as of now what I wrote above is where is I stand. Thank you for responding, I respect your stance. Of course it's not the root of the problem now, because we have ~54m coins in circulation, that is very small amount, but in the future that will be the stumbling block to success .You might say let's not jump ahead of time, but when the community will get larger, they will bring up inflation model at some point and that's were it will be unfair to change the inflation model IMHO. In your previous posts you mentioned that it will be bad for decentralization .Let's be realistic in this unrealistic cryptoland,there will always be small percent that will hold greater amount of coins then the rest,it's not a problem for them to accumulate how much they want, whatever the coin supply is, even in bitcoin(that's may be one of the most unfair distribution of coins in crypto) 100 people hold the 70% of coins if I'm right.The benefit of so called "early adopter" thing, that's stomps the concept of decentralization the crypto promoted in the first place.Sorry I digressed. Let's do the math. In 1 year at this rate there will be~260m coins in circulation. If our marketcap now is 70 BTC with 54M coins. We need to rise 380% in one year (it's ~1% a day), to only keep up at this price of 130sat e.g. if Hiro in one year will rise 380%(that is great mark) and it's not a sure thing that it will, our coins will still be worth the same.Yeah in crypto 1% a day is nothing but people who buy a coin expect it to rise in price not stagnate or worse fall, and quickly losing interest and jumping ship.That is the essence of the community in cryptoland unfortunately, therefore the success IMHO. And another suggestion. Is it possible to implement maybe "reverse dynamic block reward" e.g. decreasing and increasing the block reward between 50 - 400 according to market data (price/volume) in order to absorb the coins, I don't know any other coin implemented it or not, if not that might be an innovative feature. Also we must do something in the marketing front asap. Lastly, I want to thank you for all the hard work you are doing for Hiro regardless of our differences. My English is limited as you've noticed, and I apologize for that. Regards I have been a firm believer that changing coin supply is a terrible idea because it acts to as manipulating the market in an even more drastic way than governments does. But we are still in infancy, if a change has to be made its now. We want our coin to be a good coin, and let's be honest, 500 million coin per day is way too much. Not just a little too much, way too much. I think maybe we should tackle the bear right now, instead of keeping on going and then be at a point where we are left with too much static inflation, and too big to change it. Like I've said, I've been supporting the idea that coin supply shouldn't even be contemplated. But i now believe that if we're gonna want to go forward, we're gonna need to revise that. It's not about the price nearly as much as about the difficulties we have been/will face with this extremely high inflation. Also, radical changes tend be what works over here. So we want want all the little good things that hiro gives to be recognized, we might have to make 1 bold move. Sorry to point to, but it's not 500 million, it's 576 000 coins per day. Maybe you meant 500 thousand Regards indeed obviously. I was gonna say "half a million", then decided to write it instead, and lapsused.
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