madmartyk
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Yes I am a pirate, 300 years too late!
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May 20, 2014, 12:59:26 PM |
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It is cheaper to buy some coins at current price then when you have to mine it. So take advantage of the low price too ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Already have!! In the pool I was avg 20 CTZ per block, just went and bought 100,000 if them for almost nothing!!
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placebo (OP)
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Activity: 1120
Merit: 1000
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May 20, 2014, 12:59:49 PM |
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placebo (OP)
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May 20, 2014, 01:01:19 PM |
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It is cheaper to buy some coins at current price then when you have to mine it. So take advantage of the low price too ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Already have!! In the pool I was avg 20 CTZ per block, just went and bought 100,000 if them for almost nothing!! Sometimes i really think that those people that are renting a rig are in fact running a lose.... i didn't do the calculations yet, but at the current price, i don't think they will make a lot of profit.
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madmartyk
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Activity: 2702
Merit: 1030
Yes I am a pirate, 300 years too late!
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2014, 01:09:19 PM |
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It is cheaper to buy some coins at current price then when you have to mine it. So take advantage of the low price too ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Already have!! In the pool I was avg 20 CTZ per block, just went and bought 100,000 if them for almost nothing!! Sometimes i really think that those people that are renting a rig are in fact running a lose.... i didn't do the calculations yet, but at the current price, i don't think they will make a lot of profit. I think it's more of the get a million or two coins, and hope the hell it takes off. AppleBytes was one like that. I mined the crap out of it for 6 hours because no one else was hitting it. Sold my 300K ABY for .7 BTC. Now the price is back in the crapper. Get in, Get out!! It's all about timing. I can hold CTZ for a while and see what happens. Sold a bunch of really shitty shitcoins to pay for it!! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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placebo (OP)
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Activity: 1120
Merit: 1000
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May 20, 2014, 01:19:10 PM |
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It is cheaper to buy some coins at current price then when you have to mine it. So take advantage of the low price too ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Already have!! In the pool I was avg 20 CTZ per block, just went and bought 100,000 if them for almost nothing!! Sometimes i really think that those people that are renting a rig are in fact running a lose.... i didn't do the calculations yet, but at the current price, i don't think they will make a lot of profit. I think it's more of the get a million or two coins, and hope the hell it takes off. AppleBytes was one like that. I mined the crap out of it for 6 hours because no one else was hitting it. Sold my 300K ABY for .7 BTC. Now the price is back in the crapper. Get in, Get out!! It's all about timing. I can hold CTZ for a while and see what happens. Sold a bunch of really shitty shitcoins to pay for it!! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yes, everything is based on timing ,the first coin that always move higher doesn't exists...
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Wexlike
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Activity: 1473
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May 20, 2014, 01:29:46 PM |
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Dear Citizencoin-Developer,
is this planned to have a yearly 44% pos interest ? Thats the result, if you stake your coins all the time. You get a yearly coin stake of 44%.
In my eyes this is a concern, because there will be a flood of coins forever. A daily 0,01% pos interest instead of 0,1% would be much more convenient and would result in a much more manageable coin economy.
Greetings
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barryzand
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May 20, 2014, 01:30:15 PM |
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I remember you from the KDC community period.. Ill buy your coin.... If you put even more effort in this coin... its almost certain too take off... ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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placebo (OP)
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May 20, 2014, 01:48:34 PM |
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I remember you from the KDC community period.. Ill buy your coin.... If you put even more effort in this coin... its almost certain too take off... ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Even more ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Working day is only 24 hours a day ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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placebo (OP)
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May 20, 2014, 01:55:39 PM |
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I think i will buy some of my own coins, it is really too cheap ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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placebo (OP)
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May 20, 2014, 02:00:42 PM |
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Dear Citizencoin-Developer,
is this planned to have a yearly 44% pos interest ? Thats the result, if you stake your coins all the time. You get a yearly coin stake of 44%.
In my eyes this is a concern, because there will be a flood of coins forever. A daily 0,01% pos interest instead of 0,1% would be much more convenient and would result in a much more manageable coin economy.
Greetings
Why should it be a concern? Think of it... how many people are using altcoins at the moment? Will we have a grown of more then 44% yearly? I believe that we are growing more then 100%, i mean, new investors, new people using altcoins, etc. You can also think of it differently. How much do you receive in a bank account 1-2%? Now why not put some money in CTZ coin and leave it for one year, you don't have to do anything, just keep your wallet open, and the only think that needs to happen is increase in demand for the coin, all coins will be mine, so nothing available, people will hold in wallet, so nothing available, hype CTZ to the moon, and everybody rich. Ok, the last part you can maybe skip ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) but i believe you see the picture...
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placebo (OP)
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Activity: 1120
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May 20, 2014, 02:06:32 PM |
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Still pretty impressed with the hashrate... Net: 14,575.82 Mh/s Normally you have some nice hashrates the first hours,but now we are talking about the first whole day... little disappointed about the price, or maybe not, i just bought some coins ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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CryptoPoolSupport
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Activity: 112
Merit: 10
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May 20, 2014, 02:08:16 PM |
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Still pretty impressed with the hashrate... Net: 14,575.82 Mh/s Normally you have some nice hashrates the first hours,but now we are talking about the first whole day... little disappointed about the price, or maybe not, i just bought some coins ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) If all that mined the coin would buyu for just 0.1 BTC it would skyrocket... and more buyers would see the coin. So... :-)
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Wexlike
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Activity: 1473
Merit: 1086
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May 20, 2014, 02:09:52 PM |
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Dear Citizencoin-Developer,
is this planned to have a yearly 44% pos interest ? Thats the result, if you stake your coins all the time. You get a yearly coin stake of 44%.
In my eyes this is a concern, because there will be a flood of coins forever. A daily 0,01% pos interest instead of 0,1% would be much more convenient and would result in a much more manageable coin economy.
Greetings
Why should it be a concern? Think of it... how many people are using altcoins at the moment? Will we have a grown of more then 44% yearly? I believe that we are growing more then 100%, i mean, new investors, new people using altcoins, etc. You can also think of it differently. How much do you receive in a bank account 1-2%? Now why not put some money in CTZ coin and leave it for one year, you don't have to do anything, just keep your wallet open, and the only think that needs to happen is increase in demand for the coin, all coins will be mine, so nothing available, people will hold in wallet, so nothing available, hype CTZ to the moon, and everybody rich. Ok, the last part you can maybe skip ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) but i believe you see the picture... so its working as intended to create 410 million new citizen coins per year through staking?
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placebo (OP)
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Activity: 1120
Merit: 1000
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May 20, 2014, 02:14:15 PM |
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Dear Citizencoin-Developer,
is this planned to have a yearly 44% pos interest ? Thats the result, if you stake your coins all the time. You get a yearly coin stake of 44%.
In my eyes this is a concern, because there will be a flood of coins forever. A daily 0,01% pos interest instead of 0,1% would be much more convenient and would result in a much more manageable coin economy.
Greetings
Why should it be a concern? Think of it... how many people are using altcoins at the moment? Will we have a grown of more then 44% yearly? I believe that we are growing more then 100%, i mean, new investors, new people using altcoins, etc. You can also think of it differently. How much do you receive in a bank account 1-2%? Now why not put some money in CTZ coin and leave it for one year, you don't have to do anything, just keep your wallet open, and the only think that needs to happen is increase in demand for the coin, all coins will be mine, so nothing available, people will hold in wallet, so nothing available, hype CTZ to the moon, and everybody rich. Ok, the last part you can maybe skip ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) but i believe you see the picture... so its working as intended to create 410 million new citizen coins per year through staking? Yes, that is the plan.... look, with a other coin there is also somekind of dilution and people need to keep on spending electricity to mine it, here there is indeed also a dilution but without any cost. It is my responsibility to make sure that more and more people want to buy CTZ so that the price doesn't drop by 44%.
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placebo (OP)
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Activity: 1120
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May 20, 2014, 02:15:12 PM |
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Still pretty impressed with the hashrate... Net: 14,575.82 Mh/s Normally you have some nice hashrates the first hours,but now we are talking about the first whole day... little disappointed about the price, or maybe not, i just bought some coins ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) If all that mined the coin would buyu for just 0.1 BTC it would skyrocket... and more buyers would see the coin. So... :-) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Indeed.... Net: 18920.70 Mh/s And it is much cheaper to buy too almost 20000 Mh/s again..
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placebo (OP)
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May 20, 2014, 02:18:15 PM |
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Difficulty again above 100
3363 2014-05-20 14:15:24 4 47485.918432 101.866 37575088 0.195324 18.6627 70.8106%
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Wexlike
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May 20, 2014, 02:19:51 PM |
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alright, thank you for your answer ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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placebo (OP)
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May 20, 2014, 02:30:54 PM |
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Are you still "busy" placebo ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) where is the bounty. 2 seconds to paste the address and send. Indeed, still waiting for your address ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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placebo (OP)
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May 20, 2014, 02:35:39 PM |
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Are you still "busy" placebo ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) where is the bounty. 2 seconds to paste the address and send. Indeed, still waiting for your address ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) CPBixMqDY7warP1TkpD4GbVaJUJHdK21zW Should be in your wallet:)
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