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Author Topic: The MagiCurrency  (Read 53509 times)
111magic
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June 28, 2014, 05:14:30 AM
 #461

Thanks all Magicoin supporters, and especially Coinler, been with us from day one. I am not away, I am around and watch and listen. Let me give more updates in the next few days.

Thanks DEV.
We are still voting and buying MAGICOIN! Cheesy

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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111magic
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June 28, 2014, 05:15:44 AM
 #462

before anyone gets any doubts i am here to help and have been from day one, mining and buying where i can. the reason i like magicoin is simple. im a magi. ;p

magicoin team know that i only make suggestion to help attract investors which i think will benefit us all. so take note of this..

http://minerdesk.com/vaultbreaker-the-worlds-first-500mhs-scrypt-miner/

that's .5btc mining power per day when that gets released. enough to thrash magicoin market at such low volume. magicoin is now a victim of multipools and asics because it was unknowingly one of the most profitable coins to mine in all of crypto for a while. but now it is on the radar and so you will be seeing much more supply. and im sure now u see the need to switch to antiasic/antimultipool algo because supply outweighs demand too greatly even with your infrastructure. multipools dont care about investment potential. they just extract btc at whatever price is available. otherwise known as  "heartless dumping".

so you will see now why you want to avoid asics and multipools with your chosen coin if you want it to thrive in the future. all of scrypt coins are dying because of supply overflowing demand. and the asics just keep getting more powerful. so unless ur currency can generate 100,000 in buy orders per day, playing in a saturated market with saturated technology will lead to "unsatisfying results". if ur market is small, u want to keep supply low, yet profitable.. and the ony way you can do that is choose an algorithm that allows a decently even spread among miners whilst also keeping ridiculous advantage powerhouses off your coin.

just my 2 cents. i would like to work and help to build magicoin with you if you will allow. and reccommend you seek to pursue not only POS but also anon implementation.

anon is not as bad as it sounds. some will say it is just for criminals. but it is more than that. it is about not having your bank balance known to people you pay for services or donate to. it's about not being able to track the original sender's address to see how much money he has at that address on the blockchain and monitor his spending habits. yes it may be used by undesirables for illicit means, but the primary reason is simply the human basic right to privacy of their finances and expenditure. this is why it is much more attractive to large investors. they can buy large amounts and trade etc without having to worry that their wallets may become targets for hackers etc.

edit: underlined above

Good advice!

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
wakhidNkcom
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June 29, 2014, 01:47:09 PM
 #463

before anyone gets any doubts i am here to help and have been from day one, mining and buying where i can. the reason i like magicoin is simple. im a magi. ;p

magicoin team know that i only make suggestion to help attract investors which i think will benefit us all. so take note of this..

http://minerdesk.com/vaultbreaker-the-worlds-first-500mhs-scrypt-miner/

that's .5btc mining power per day when that gets released. enough to thrash magicoin market at such low volume. magicoin is now a victim of multipools and asics because it was unknowingly one of the most profitable coins to mine in all of crypto for a while. but now it is on the radar and so you will be seeing much more supply. and im sure now u see the need to switch to antiasic/antimultipool algo because supply outweighs demand too greatly even with your infrastructure. multipools dont care about investment potential. they just extract btc at whatever price is available. otherwise known as  "heartless dumping".

so you will see now why you want to avoid asics and multipools with your chosen coin if you want it to thrive in the future. all of scrypt coins are dying because of supply overflowing demand. and the asics just keep getting more powerful. so unless ur currency can generate 100,000 in buy orders per day, playing in a saturated market with saturated technology will lead to "unsatisfying results". if ur market is small, u want to keep supply low, yet profitable.. and the ony way you can do that is choose an algorithm that allows a decently even spread among miners whilst also keeping ridiculous advantage powerhouses off your coin.

just my 2 cents. i would like to work and help to build magicoin with you if you will allow. and reccommend you seek to pursue not only POS but also anon implementation.

anon is not as bad as it sounds. some will say it is just for criminals. but it is more than that. it is about not having your bank balance known to people you pay for services or donate to. it's about not being able to track the original sender's address to see how much money he has at that address on the blockchain and monitor his spending habits. yes it may be used by undesirables for illicit means, but the primary reason is simply the human basic right to privacy of their finances and expenditure. this is why it is much more attractive to large investors. they can buy large amounts and trade etc without having to worry that their wallets may become targets for hackers etc.

edit: underlined above

Good advice!


Great once ! Smiley  anyway for all people whose love magicoin please feel free to join here : https://www.facebook.com/groups/MagiCoin/
that's global facebook group community of magicoin Smiley
111magic
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June 30, 2014, 07:01:49 PM
 #464

https://bitcointalk.org/index.php?topic=671224.new#new

MAGICOIN-community what do you think?

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July 01, 2014, 09:13:32 PM
 #465

https://bitcointalk.org/index.php?topic=671224.new#new

MAGICOIN-community what do you think?

Innovations & good supports Wink
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July 02, 2014, 11:16:18 AM
 #466


+1

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111magic
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July 03, 2014, 04:49:40 AM
 #467

For those wondering why it is quiet on this ann.
Many are on the Magicoin Facebook page.

join us here https://www.facebook.com/groups/MagiCoin/

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111magic
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July 04, 2014, 09:13:45 AM
 #468

Dev post updates about Magicoin also in this ann, please!

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Magicoin (OP)
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July 05, 2014, 04:29:02 AM
 #469

For those wondering why it is quiet on this ann.
Many are on the Magicoin Facebook page.

join us here https://www.facebook.com/groups/MagiCoin/

Added.
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July 05, 2014, 04:45:38 AM
 #470

just take spot to look around

is there any multipool project in the future?
wakhidNkcom
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July 05, 2014, 04:55:12 AM
 #471

For magic Lover's come on join us : https://www.facebook.com/groups/MagiCoin/
while we waiting for some update of Magicoin, let's we have some fun... I'm doing something FUN on there.. come and join, Magic community waiting for you Smiley
Magicoin (OP)
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July 05, 2014, 04:56:45 AM
 #472

just take spot to look around

is there any multipool project in the future?

Magicoin is currently under change with a target of implementing new algo.
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July 05, 2014, 11:34:50 PM
 #473

just take spot to look around

is there any multipool project in the future?

Magicoin is currently under change with a target of implementing new algo.
just take time dev, we're with you Smiley .. will be here for getting update Smiley
111magic
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July 06, 2014, 07:40:43 AM
 #474

+1
me also Grin

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Richard213
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July 06, 2014, 07:46:11 AM
 #475

just take spot to look around

is there any multipool project in the future?

Magicoin is currently under change with a target of implementing new algo.

new algo? relaunch?
what algo do you use now?
111magic
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July 06, 2014, 08:49:18 PM
 #476

DEV when the time is there will you put the information here?

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July 07, 2014, 06:40:09 PM
 #477

faucet not working.. is dry ,now.
hope it can open soon,,
but so far i'm enjoy with Magic Smiley
111magic
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July 07, 2014, 06:57:38 PM
 #478

Magicoin on number 4 now at CCEX!
Keep on voting! Grin

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Magicoin (OP)
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July 09, 2014, 07:03:56 PM
 #479

Sent coins to http://faucet.cryptomagic.com/; thanks to someone who filled the faucet http://www.yougotmagic.net/ nice Smiley
111magic
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July 11, 2014, 08:23:06 AM
 #480

Friends of the Magicoin community.
Keep on posting on this ann.
Not everybody is on the Magicoin Facebook-page!

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