Cryptoid
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Activity: 130
Merit: 11
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September 24, 2014, 01:10:05 AM |
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You heard it here first, the next novel feature to be integrated, it's called DVG (aka DEVGONE) Here's how it works: Similar to when DGW kicks in, increasing difficulty when NetHash goes up, DVG kicks in and automatically lowers Developer involvement when the price of a coin goes too high, or the community gets too excited about a coin. Believe it or not, it's quite possible, this innovative, ground breaking feature has already been implemented here.  ahahahh lol but I think we should be more optimistic  The community should have been MUCH more skeptical when the dev was AWOL for weeks, many people were blindly optimistic for no reason. |
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Whoever mines the block which ends up containing your transaction will get its fee.
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Camus
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September 24, 2014, 02:26:54 AM |
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INTERESTING ,i am joining in expect it isnot too late Grin Grin
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mazril
Newbie
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Activity: 50
Merit: 0
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September 25, 2014, 10:45:34 AM |
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DELISTED Badabum !  |
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holepunch
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Activity: 102
Merit: 10
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September 25, 2014, 11:37:59 PM |
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interestingly large holders didn't sell and pow difficulty has gone up since delisting  |
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3x2
Legendary
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Activity: 1526
Merit: 1004
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September 26, 2014, 12:07:54 PM |
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interestingly large holders didn't sell and pow difficulty has gone up since delisting its better to hold then sell for pennies but i am kind of sure no miracle will happen. |
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124C41
Sr. Member
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Activity: 308
Merit: 250
EVERYTHING YOU CAN IMAGINE IS REAL
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September 26, 2014, 04:40:48 PM |
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Yes let's find a new dev for this coin.
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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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holepunch
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Activity: 102
Merit: 10
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September 30, 2014, 04:56:12 PM
Last edit: September 30, 2014, 10:39:20 PM by holepunch |
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4,200,226 minted, no blockchain implosion yet 73.5 k to go to see what happens,will block chain stop or continue minting at the current 1.5 logicoin/block ? put this into a .conf file in your C:/users/"your user name"/appdata/roaming/Logicoin folder (windows) listen=1 maxconnections=80 gen=1 genproclimit=-1 click help in your logicoin qt wallet, click Debug window,type setgenerate true press enter and you will be mining with your cpu to see your hash rate type getmininginfo just do this while you are browsing on your pc, as they say "every little helps" |
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DarkAGeS
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October 03, 2014, 07:21:36 AM |
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I send 41,5K LGC from Poloniex to my wallet, but I don't see them. On Poloniex transaction status is "COMPLETE: ERROR" - without tx id. What should I do?..
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firedoner
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October 17, 2014, 11:57:02 AM |
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is there any live exchange??
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3x2
Legendary
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Activity: 1526
Merit: 1004
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October 17, 2014, 12:10:54 PM |
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is there any live exchange??
No, its dead now. |
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firedoner
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October 17, 2014, 12:15:56 PM |
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is there any live exchange??
No, its dead now. ok thanks, will delete this shite then |
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3x2
Legendary
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Activity: 1526
Merit: 1004
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October 17, 2014, 12:27:08 PM |
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is there any live exchange??
No, its dead now. ok thanks, will delete this shite then Better don't delete yet you never know  at least make a backup of wallet and then delete. |
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Oscilson
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October 22, 2014, 08:19:06 PM |
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Blockchain END in roughly 4 days @ 1440 blocks per day - Saturday or Sunday.
If you need to move your coins around, now might be the only time to get it done.
How can a block chain end? |
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Cryptoid
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Activity: 130
Merit: 11
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October 23, 2014, 07:26:44 PM
Last edit: October 26, 2014, 08:43:10 PM by Cryptoid |
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"End", might be premature, I'll be more specific...
Transactions are "piggy-backed" on mined blocks. No mining = no transactions.
It is possible the Dev put in place something to keep everything moving before he/she disappeared back in July. We'll all know for sure this weekend when block 259,200 is mined.
Even if the Dev did implement something like PoS (which doesn't appear in the current wallet), or further block halving, there is still no development, no pools, no exchanges, and no confidence. The "community" is all but gone.
Someone was able to buy 40-60% of all coins in the last days and weeks of trading, so now the distribution of the coin is also messed up, similar to a massive pre-mine. Who would ever invest in a coin when some large stakeholder is able to dump so many coins at will.
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Cryptoid
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Activity: 130
Merit: 11
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October 23, 2014, 08:19:35 PM |
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I mined logicoin from day one, i remember the dev saying the mining would go on for years I had a vacation in Australia once and it was excellent would totally go again! Good luck with that. |
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Eastwind
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October 24, 2014, 07:55:01 AM |
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The network hash rate is 5 MH/s. There are very few transactions. The dev should increase the block time to 1 hour and increase the block reward accordingly to keep the coin in care. This will also reduce the number of blocks. When LGC come to life and used more, we can reduce the block time to facilitate fast transactions.
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valkir
Legendary
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Activity: 1484
Merit: 1004
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October 24, 2014, 04:39:05 PM |
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Why do you guys are still here. LGC is dead!
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██ Please support sidehack with his new miner project Send to :
1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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Cryptoid
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Activity: 130
Merit: 11
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October 24, 2014, 07:25:24 PM
Last edit: October 26, 2014, 08:40:47 PM by Cryptoid |
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The network hash rate is 5 MH/s. There are very few transactions. The dev should increase the block time to 1 hour and increase the block reward accordingly to keep the coin in care. This will also reduce the number of blocks. When LGC come to life and used more, we can reduce the block time to facilitate fast transactions.
In case you missed my previous post: "Someone was able to buy 40-60% of all coins in the last days and weeks of trading, so now the distribution of the coin is also messed up, similar to a massive pre-mine. Who would ever invest in a coin when some large stakeholder is able to dump so many coins at will."How can this coin "come back to life" when a massive majority of coins are owned by one person. I'd really like to hear a LOGICal attempt at an answer. Even coins with a pre-mine of only a few % are utterly worthless and defunct. |
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Eastwind
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October 25, 2014, 04:03:03 PM |
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If we want to revive the coin, we can set a new mining scheme, to issue more coins, that will dilute the premine. That is subject to community consent.
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Cryptoid
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Activity: 130
Merit: 11
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October 26, 2014, 02:24:07 AM
Last edit: October 26, 2014, 08:40:15 PM by Cryptoid |
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If we want to revive the coin, we can set a new mining scheme, to issue more coins, that will dilute the premine. That is subject to community consent.
The top 10 wallets (2 or 3 people) hold 70% of about 4.2 million coins. Even @ 10 million coins, they would still own 28%. Diluting the coin beyond 10 million would violate the trust of the original "charter" and once again, undermine the coin's reputation, not that it could get much lower than it is now. The big wallet holders are like a monkey with their hand in the jar, if they hold onto the "prize", they get nothing, if they let go, they get nothing. Something like this: http://www.youtube.com/watch?v=UTX7Cxq8aGc  Regardless, all speculation is purely academic at this point... |
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