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Author Topic: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily  (Read 64620 times)
GullibleGooo
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May 04, 2014, 07:46:38 PM
 #441


If I calculated correct 1 SPC on its five year anniversary, will be worth 11.86 SPC. So an elevenfold increase. This is pretty amazing, so the slogan could be:
“Guaranteed 1100% return in 5 years! SPC makes it possible with unique Proof of Funds idea, read here.”

What becomes of 1 SPC year by year (?!):
0 – 1
1 – 1.64
2 – 2,68
3 – 4.41
4 – 7.23
5 – 11.86
6 – 19.45
7 – 31.90
8 – 52.33
9 – 85.82
10 – 140.76



Suresh, can you please let me know if the calculation above is correct?
I would like to promote and push, but I need to know that I got my figures right first.


I can tell you it is not, cause there is no PoF after year 6, with 1 mln coins and 19 mln coins reserved for PoF you can get maximum 19 out of 1 SPC.

Yeah, that's what I figured and raised a question about in my original post. I read though somewhere that Suresh talked about SPC as an investment for decades. I thought he did it in reference to the interest, but maybe not.
Anyway, in promoting SPC, I want to use the phrase: "Guaranteed 1100% return in 5 years!" It's correct, right? (at least if you count in SPC's)

SaveCoin - Proof of Funds! 65% yearly interest, NOT PoS!
Suresh Matsui (OP)
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May 04, 2014, 08:54:34 PM
 #442


If I calculated correct 1 SPC on its five year anniversary, will be worth 11.86 SPC. So an elevenfold increase. This is pretty amazing, so the slogan could be:
“Guaranteed 1100% return in 5 years! SPC makes it possible with unique Proof of Funds idea, read here.”

What becomes of 1 SPC year by year (?!):
0 – 1
1 – 1.64
2 – 2,68
3 – 4.41
4 – 7.23
5 – 11.86
6 – 19.45
7 – 31.90
8 – 52.33
9 – 85.82
10 – 140.76



Suresh, can you please let me know if the calculation above is correct?
I would like to promote and push, but I need to know that I got my figures right first.


I can tell you it is not, cause there is no PoF after year 6, with 1 mln coins and 19 mln coins reserved for PoF you can get maximum 19 out of 1 SPC.

Yeah, that's what I figured and raised a question about in my original post. I read though somewhere that Suresh talked about SPC as an investment for decades. I thought he did it in reference to the interest, but maybe not.
Anyway, in promoting SPC, I want to use the phrase: "Guaranteed 1100% return in 5 years!" It's correct, right? (at least if you count in SPC's)


Hello, yes the interest will end after 6 years, however SaveCoin was designed for multiple stages in mind, I'll explain.   Wink

http://savecoin.co/stage1.htm breaks down the first stage of SPC, which is 6 years of mining and interest payments. That's around 6.6 years if you factor in block halving. Let's bring that down to about 4 years if you factor in the 1 million that is also reserved for the developers.

So what happens after year 4? This is the beauty of SaveCoin, a new chain is started preserving all previous balances and addresses and another 19 million is reserved for interest payment, payments continue as normal.


Why do this? This is to overcome blockchain bloat, the old blockchain is no longer used and a newer smaller blockchain is then used. The user simply needs to need to update their wallet software to continue normal operation. These stages makes SaveCoin very lean but powerful.

This is the beauty of Proof of Fund, the ultimate flexibility! Users will no longer need to store large amounts of blocks for decades Smiley So the interest will continue, this is how SaveCoin will last for decades. Proof of Funds allows us to make users lives easier.

I'll be adding this information with the new wallet software update that I'll release soon. Smiley A lot of changes in the website will be showing soon and the OP will be updated with much more information.

As for your question, use http://speedcoin.net/calculator/ to calculate including compounding and you'll get the correct results.

Year 0: 1
Year 1: 1.64
Year 2: 2.71
Year 3: 4.47
Year 4: 7.37
Year 5: 12.14

It's great to see great enthusiasm among SaveCoin supporters, never mind the price, let's make SaveCoin the future!

Marketing will be ramped up soon, just making a few changes to the wallet software and website, from there SaveCoin is more than ready to handle a bigger audience!  Cheesy

SaveCoin! Earn 64% interest a year with daily payouts! No need to stake your wallet, gain interest on cold storage and paper wallets too! http://savecoin.co
Suresh Matsui (OP)
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May 04, 2014, 09:50:12 PM
 #443

Dumped my extra cryptsy points into voting SPC. Up to 185 as of this posting. Smiley
Thank you! Cheesy

Keep voting everyone! Cheesy

SaveCoin! Earn 64% interest a year with daily payouts! No need to stake your wallet, gain interest on cold storage and paper wallets too! http://savecoin.co
GullibleGooo
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May 04, 2014, 10:31:43 PM
 #444

Could it be better to wait with hitting the bigger exchanges until the dumpsters are gone? Wait it out...

Whatever happens at AllCrypt seems to stay at AllCrypt...  But maybe what we don't want is for the dumpsters to follow us to Bittrex, or even worse Cryptsy. If that happens, the introduction of SPC to that market could push down the price which could make SPC look like just another IPO dump and make people lose interest quick.
WhiteCoin, AsiaCoin and CinniCoin were very successful at Bittrex so Mintpal picked them up immediately without voting. Now they are somewhat "legit" (except for AC who seems to have their own little mess) and have high volumes at Mintpal. In contrast, YellowCoin and BlueCoin (sigh...) were not successful at Bittrex and have to go back to square one now to bring back confidence to the coin. My point being... when we hit Bittrex or Poloniex (or Mintpal/Cryptsy) we make sure that the introduction is a good one and won't back-fire, or at least do all we can to try to avoid looking quick sell-out, which means getting the dumpsters fed.

So, how about staying patient and waiting for cheap prices to rid themselves at AllCrypt. I for one can guarantee not to sell below 0.005 BTC (and that's counting low).

Or, are the dumpsters still mining and this will just go on and on ... ?

My experience in this business goes back short, but from what I can see is that coins can easily lose the confidence of the general trading community very quickly, and that is... well, pretty much it... then you are back at the end of the line at the bottom of the hill. Has any altcoin made a comeback at all? Has it even ever happened?

SaveCoin - Proof of Funds! 65% yearly interest, NOT PoS!
argentone
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May 05, 2014, 12:22:26 AM
 #445


 Hi, I like this coin, I have read about it, and began mining it, the first day it came out. I like the PoF idea, and the top address list is also pretty neat. A thought occurred to me today, after seeing what happened to the Asiacoin market. When you post the richlist or whatever you like to call it, would you please post the 1mil Developer address, so we can see it is not being used to create or increase any additional interest-acquiring addresses?  This alone would give the miners ( who can mine only a portion of 1mil ) peace of mind that we are not competing with the developer for interest payments. The coin is currently at risk of a 51% attack from the developer until 1mil+ coins exist in the hands of miners/users, does anyone else agree with this idea?
marsandotherplanets
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May 05, 2014, 02:11:59 AM
 #446


 Hi, I like this coin, I have read about it, and began mining it, the first day it came out. I like the PoF idea, and the top address list is also pretty neat. A thought occurred to me today, after seeing what happened to the Asiacoin market. When you post the richlist or whatever you like to call it, would you please post the 1mil Developer address, so we can see it is not being used to create or increase any additional interest-acquiring addresses?  This alone would give the miners ( who can mine only a portion of 1mil ) peace of mind that we are not competing with the developer for interest payments. The coin is currently at risk of a 51% attack from the developer until 1mil+ coins exist in the hands of miners/users, does anyone else agree with this idea?

thats not how the 51% attack works. And he has stated he does not receive any interest payments. Search through the block chain
i'm sure every address is accounted for. And why would the developer attack his own creation? He would be killing his reputation and his
possible future legacy.
Suresh Matsui (OP)
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May 05, 2014, 02:56:08 AM
 #447


 Hi, I like this coin, I have read about it, and began mining it, the first day it came out. I like the PoF idea, and the top address list is also pretty neat. A thought occurred to me today, after seeing what happened to the Asiacoin market. When you post the richlist or whatever you like to call it, would you please post the 1mil Developer address, so we can see it is not being used to create or increase any additional interest-acquiring addresses?  This alone would give the miners ( who can mine only a portion of 1mil ) peace of mind that we are not competing with the developer for interest payments. The coin is currently at risk of a 51% attack from the developer until 1mil+ coins exist in the hands of miners/users, does anyone else agree with this idea?

thats not how the 51% attack works. And he has stated he does not receive any interest payments. Search through the block chain
i'm sure every address is accounted for. And why would the developer attack his own creation? He would be killing his reputation and his
possible future legacy.

Indeed, the coins are in cold storage, you can find the address in the blockchain, but here it is: Sf3gDEndp7Ggbksq58WGpkeerAW17AZUBx (this may change from time to time for security)

Looks like we're going to be added to Comkort exchange! Cheesy

SaveCoin! Earn 64% interest a year with daily payouts! No need to stake your wallet, gain interest on cold storage and paper wallets too! http://savecoin.co
Suresh Matsui (OP)
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May 05, 2014, 02:58:06 AM
 #448

INTEREST PAID ON 5th May 2014
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SbksZv7pwWCbrjcEbFcXvHULKhtiuGk8u4   1305.44759804   1.78846320931480000000   Mon May 5 03:41:43 BST 2014
SSoD5TXBYfifEB1sNSznh4MxYgiM3wdkAL   925.48844969   1.26791917607530000000   Mon May 5 03:41:43 BST 2014
ScUFS56XLXmFCJQJfeMDa5ZsNANye55d66   227.48159086   0.31164977947820000000   Mon May 5 03:41:43 BST 2014
SZ95nKR3byBAZtjdMS8YpqfWXGUR5RiJPT   426.68111675   0.58455312994750000000   Mon May 5 03:41:44 BST 2014
SPvdpoHJcdgSHSHNcmb2xqqyFJBHrJWAUv   0.00266259   0.00000364774830000000   Mon May 5 03:41:44 BST 2014
SZPmQZ3SihwwMwu5bLrAi8rLj61zYwwJnN   197.96305619   0.27120938698030000000   Mon May 5 03:41:44 BST 2014
Sb6hDfVWdNw1cth75u7cg19xUsuGvKTHj6   25.17171987   0.03448525622190000000   Mon May 5 03:41:45 BST 2014
SbXUNvpgrJwSjqiaUp5TzaiFDUeR2CCUPL   80.86794908   0.11078909023960000000   Mon May 5 03:41:45 BST 2014
ShByXbg1vwNXtjMP3akKdqxNKVt3KQtkDR   25.20620513   0.03453250102810000000   Mon May 5 03:41:45 BST 2014
SkRfWjz6QdjDDXUUefvT2pB1fLsVvCT9yv   1.00956155   0.00138309932350000000   Mon May 5 03:41:45 BST 2014
SZCewYiecPaZkS79m9PLWPcw8iMjmVQDSG   0.91417818   0.00125242410660000000   Mon May 5 03:41:45 BST 2014
SfLdsuu2HBe5umgmwSeCXUThbE5i2yG6De   42.06360974   0.05762714534380000000   Mon May 5 03:41:45 BST 2014
SjVMSB7voc8qom67UzMCiR7t2zugVCooMf   8.1377476   0.01114871421200000000   Mon May 5 03:41:46 BST 2014
SPFaDPAhu4b4wFZYFeQFtNEBc4YUnw5tDt   13.42993854   0.01839901579980000000   Mon May 5 03:41:46 BST 2014
SZbZhmmBpmHLinnkynhExenCJb758rWskz   0.00023   0.00000031510000000000   Mon May 5 03:41:46 BST 2014
Sg1SzMUdoq5L3KCYQLrQHpgKFHZGusHkzx   0.00046378   0.00000063537860000000   Mon May 5 03:41:46 BST 2014
SR37KvKPGGUjapW74EqWovf157ubJn3jgq   1410.8150214   1.93281657931800000000   Mon May 5 03:41:46 BST 2014
STYCDrs5pycncM3mUxxAaii87i7XsBjfvM   0.01209318   0.00001656765660000000   Mon May 5 03:41:47 BST 2014
SRYV2Kd6q1EPGvg8BmZtVvvUzKEN4quqvc   352.88681628   0.48345493830360000000   Mon May 5 03:41:48 BST 2014
Sdu8xYWKKcCTSGRUrpfHvVF59z3Cvjvwnb   1.02909258   0.00140985683460000000   Mon May 5 03:41:48 BST 2014
SPhGZeBCzEHtFNW11L6mbsHcm6Nm1NXKsH   1.03411039   0.00141673123430000000   Mon May 5 03:41:48 BST 2014
STqecVgmdC1Cp1XP8PAa8EwnPdtBZzfRgz   79.1   0.10836700000000000000   Mon May 5 03:42:00 BST 2014
Sdg66v28uiEzZ8iTMgdT2wxoW1158mcUS2   0.00240822   0.00000329926140000000   Mon May 5 03:42:00 BST 2014
SbMzmJ6usUSWr13VT1zXhMhW2exoYpJzzN   5.15184135   0.00705802264950000000   Mon May 5 03:42:01 BST 2014
SdUoi7WQDdVrZMy2RjBa4PFM5sVZFzfXnx   0.60475399   0.00082851296630000000   Mon May 5 03:42:03 BST 2014
SeuSJnX2pKQRQVTcTkjgL4raVWWRUCiN2v   0.01110087   0.00001520819190000000   Mon May 5 03:42:03 BST 2014
SPyAsNBqYfqNgg8N2cN1E2PzdAj48HBnmH   0.10068688   0.00013794102560000000   Mon May 5 03:42:03 BST 2014
SVStGdDBSHveZjShEmoGEov8rixBsq3bBp   1.0068688   0.00137941025600000000   Mon May 5 03:42:04 BST 2014
SbGG9tBkWL7JBiGSDkPDAy3XE4X8XyDEbs   10.04407941   0.01376038879170000000   Mon May 5 03:42:16 BST 2014
SYEQ3iLX4HY9bTBkeZLxRdLNp7KsA5M5V9   1217.3432281   1.66776022249700000000   Mon May 5 03:42:16 BST 2014
STvDwdrppjsZsVKFUoQy81ZCnkfP3CMJGc   0.22062181   0.00030225187970000000   Mon May 5 03:42:16 BST 2014
SYubqUtZymJFEopvD1YE6b7NwWYCTRm7RF   50.30150799   0.06891306594630000000   Mon May 5 03:42:16 BST 2014
SN1x5LphEpSJAhojFA2KDNeima31tUNUSu   0.5558161   0.00076146805700000000   Mon May 5 03:42:17 BST 2014
SUxCh58AYyJEfhU5FCKUtmJiYRb7fReJNB   0.4152679   0.00056891702300000000   Mon May 5 03:42:17 BST 2014
Saahjk1WPqvCNeGQRvRa8ZhX6UaYmzvn31   0.00000127   0.00000000173990000000   Mon May 5 03:42:17 BST 2014
SMkP9CNedK4fZuG6WBFXmuAZxy8gjzMYMP   426.6136611   0.58446071570700000000   Mon May 5 03:42:17 BST 2014
SS4EyWRcFeUzkufeb9jcCghoVkb8ZGxRNM   0.30909514   0.00042346034180000000   Mon May 5 03:42:18 BST 2014
SQHqFGaUi2w11TR5qVzSQZWWoBbiwDSyR8   0.07349563   0.00010068901310000000   Mon May 5 03:42:18 BST 2014
SWwKD8YFnxLpaUuAPaaF8sgdRopcvwoFzC   0.00001381   0.00000001891970000000   Mon May 5 03:42:18 BST 2014
SaqBiGRj5cRfdfoe3Y3PPdwBWA5gfbMBK7   25.13728179   0.03443807605230000000   Mon May 5 03:42:20 BST 2014
STGtSC8hDiqgztr5bX7VHGcpgFsvvAm1CH   448.06789376   0.61385301445120000000   Mon May 5 03:42:20 BST 2014
SgHFScjacLJJUnimzJJdFq647jsxWHeB1z   0.02428118   0.00003326521660000000   Mon May 5 03:42:21 BST 2014
STEE1Yf55wKvMCzv4HPcNiUaG9qJXTsgKJ   4.39189419   0.00601689504030000000   Mon May 5 03:42:33 BST 2014
SRXdB412ucMeBDiEosjLjmUBRGoo1pMWND   0.17924929   0.00024557152730000000   Mon May 5 03:42:34 BST 2014
SjNABraqFMqjtB8ZU31G8km8PQ7eUfzzKj   0.0000222   0.00000003041400000000   Mon May 5 03:42:34 BST 2014
SWJu518SGwc1QeHQN6vA4yMuZVNTKKsngr   0.00016437   0.00000022518690000000   Mon May 5 03:42:35 BST 2014
SUqQ8RLvvzuCnYfNGyVKG1BPB4Rr2phgk6   207.21248071   0.28388109857270000000   Mon May 5 03:42:35 BST 2014
ScRvKSavfeSRfprvRDcte5UBHPCs4Y2UTg   0.00003319   0.00000004547030000000   Mon May 5 03:42:35 BST 2014
SNSiLaHSrrAWgs7hHXifKsL4SQpBKt7D2h   2.65100445   0.00363187609650000000   Mon May 5 03:42:37 BST 2014
STwZWy1iFegFmoaHk5RtdtS4JUPQeWg72Y   0.00428983   0.00000587706710000000   Mon May 5 03:42:37 BST 2014
SPWenCiBUSg6w5Ag5gNgBPw2QhfxRGMSDn   0.01004398   0.00001376025260000000   Mon May 5 03:42:37 BST 2014
SaaBrb7asbfBKMj8rMjGQagsqwVNSTCMoL   6.26451502   0.00858238557740000000   Mon May 5 03:42:37 BST 2014
SdTHptTengvUP4A7RGLRUJvKmYmxgSpEqB   0.00200755   0.00000275034350000000   Mon May 5 03:42:38 BST 2014
SeGTZMyZNHez4G3eb9H4vARmjKNZZRYUod   0.88362176   0.00121056181120000000   Mon May 5 03:42:38 BST 2014
SYD8FoPr2VdsXYxQn143gubf4o2zAAh8Px   0.00007729   0.00000010588730000000   Mon May 5 03:42:38 BST 2014
SjuM9uYFUQePfHEz9qyPcqhdJ8NEaZqBBz   0.27552036   0.00037746289320000000   Mon May 5 03:42:38 BST 2014
Sbk3mjLjMWeJMDuj6n5uZT5mT4J94kAVuP   0.01004717   0.00001376462290000000   Mon May 5 03:42:38 BST 2014
SULS53XWzXbk1zXcQ4sUZtmr2ZDft36WVJ   135.85060546   0.18611532948020000000   Mon May 5 03:42:39 BST 2014
Sa8CuJs2XdK9LsRo1t2VBxFEYtijZSJeKH   2.94782217   0.00403851637290000000   Mon May 5 03:42:52 BST 2014
SXR6iJXmcPSLYq1tZZkQrQViExdU2q45Jk   59.64718742   0.08171664676540000000   Mon May 5 03:42:53 BST 2014
SfL94G9XSTQ7oj8TXowTFqakcn9DnmYnsn   0.00016437   0.00000022518690000000   Mon May 5 03:42:53 BST 2014
ScYA4RNxn52myMqhRMZQ1AFGG8eUXfztm2   0.00000093   0.00000000127410000000   Mon May 5 03:42:53 BST 2014
Si2FxpJyo3dxjQVEkxBy6WJkh8bYjxoSYv   2.07707819   0.00284559712030000000   Mon May 5 03:42:54 BST 2014
STKmNNjMSVocQf7avYamMV5p6dm1T7yhty   0.00016437   0.00000022518690000000   Mon May 5 03:42:55 BST 2014
SY5Lq653RVx8zTfAj7vtznxu7fkN7Lospi   0.00009581   0.00000013125970000000   Mon May 5 03:42:55 BST 2014
SgXMoqbvTh7337we9Rh2E1ajG1voZV8QzN   0.00198543   0.00000272003910000000   Mon May 5 03:42:55 BST 2014
Sg1amvE3XZjEDhiqJQcZ81K9nFnfZN8EiS   0.01002539   0.00001373478430000000   Mon May 5 03:42:57 BST 2014
SZVarS5izKECrh2sepDCs3fH2Rn3W9ovc8   0.00276478   0.00000378774860000000   Mon May 5 03:42:57 BST 2014
SSfv3wjWsftMV3uT4v94cYt2jmWFsr3cMs   9.3427242   0.01279953215400000000   Mon May 5 03:42:57 BST 2014
SV7Km4Wwnv6WGtEvjK79nAgeNvZRvhSgEd   12.2513798   0.01678439032600000000   Mon May 5 03:42:57 BST 2014
SRDbee8Y1UmqJTTpxgRkh61HKPo7zvM16s   0.00001373   0.00000001881010000000   Mon May 5 03:42:58 BST 2014
SYhEU7XaKDhAgfB4aV6bkUrLxt73M9cfQq   0.00189152   0.00000259138240000000   Mon May 5 03:42:58 BST 2014
SQC7xG2Lt3Kjzhg6YzJhSgBfMtGBAfgNqs   0.01413077   0.00001935915490000000   Mon May 5 03:42:58 BST 2014
SaYDqx6o3oGUErHZvtdt1VepXvA2WtXNZw   5.01370938   0.00686878185060000000   Mon May 5 03:42:59 BST 2014
SZY6nnFs32MvURBuNaXvkBftXTWt58Xoup   0.00002443   0.00000003346910000000   Mon May 5 03:43:11 BST 2014
SbbFsSePdo6aCM4zBsmuPa4KhdSi7Z2w6J   0.00003089   0.00000004231930000000   Mon May 5 03:43:12 BST 2014
SZmvABmuW7TPdtL8P3EPjyEWsfoGFbJanh   0.12014437   0.00016459778690000000   Mon May 5 03:43:13 BST 2014
SNuH3NxEGFUnmYFcGBKMJJXa7bmNxSGs1B   0.12014437   0.00016459778690000000   Mon May 5 03:43:13 BST 2014
SiU26zi6K5Q4xEvJfFa4k84dAd7QjfkC2z   0.12014437   0.00016459778690000000   Mon May 5 03:43:14 BST 2014
SSH9c56SCBkEF2AjcJoCcZEXdeCod5Koc6   121.21713552   0.16606747566240000000   Mon May 5 03:43:14 BST 2014
Sk5TDnfGcKkwbmM2pmQPDQPJUCmQma9yt9   0.00066274   0.00000090795380000000   Mon May 5 03:43:14 BST 2014
SMscg41nthTmVpzeLtdYBzkXvYPesK7uLU   0.01053925   0.00001443877250000000   Mon May 5 03:43:14 BST 2014
SUfYt92qoXiXehBqPWbPwoJ49ZjAu6muoj   0.10013293   0.00013718211410000000   Mon May 5 03:43:17 BST 2014
SbJKxJdMjZck7fPGZNmyQmExFJ55AmuKS2   0.901235   0.00123469195000000000   Mon May 5 03:43:17 BST 2014
SftRD6EapqDw6rrGNofq1hpYCr4BhwEmmC   0.00001455   0.00000001993350000000   Mon May 5 03:43:17 BST 2014
SVJEzvZ8Vw5U2ibZSnaBuy9JC4KzVZ7UYD   0.000001   0.00000000137000000000   Mon May 5 03:43:17 BST 2014
SNcgCA3ppCCYoBdSbJnoSnYq52EdkhTBCL   0.000001   0.00000000137000000000   Mon May 5 03:43:18 BST 2014
SdfA9XFacAV987Kq7TaRtfM3M7SsQJQDcd   10.0137   0.01371876900000000000   Mon May 5 03:43:19 BST 2014
ServDzGEaQaSE9smYww3TwwxyzS2H25oZf   0.01046104   0.00001433162480000000   Mon May 5 03:43:19 BST 2014
Se134JjWkUsbW9itgjJ4qccs8x5ymzWK49   27.58280117   0.03778843760290000000   Mon May 5 03:43:20 BST 2014
SSBwZKg6tSoFmVqabzncfXrqN5iVTseJkx   0.06040534   0.00008275531580000000   Mon May 5 03:43:20 BST 2014
SMMLLe475rbQxwHbtkoNFmLvfXCnTT8Qwu   0.01977632   0.00002709355840000000   Mon May 5 03:43:20 BST 2014
Sfyoxs1WWDVGnjcrJ2qGXfLY8VvhSbwrL6   0.00003283   0.00000004497710000000   Mon May 5 03:43:20 BST 2014
ScAANT9VK2c8HUDLBK7efgok7xiebDNya3   0.00001371   0.00000001878270000000   Mon May 5 03:43:20 BST 2014
SPfqpuWfF71imzM6oJUW3uBdZXszRtVA9G   0.03685971   0.00005049780270000000   Mon May 5 03:43:34 BST 2014
SQVuYUQrdrDHCyNUfy7kPyLt2362pyNhcu   0.05113966   0.00007006133420000000   Mon May 5 03:43:34 BST 2014
SkZ8bAY2kaRU4XjKpeXnJJCYMgFqNzGPsL   0.01359513   0.00001862532810000000   Mon May 5 03:43:34 BST 2014
SYAasy9QwWMuqKNuyPeTHaEFp4Mu8Ds7YS   0.0195513   0.00002678528100000000   Mon May 5 03:43:34 BST 2014
SPYXGPSutF97H2HUZTLsGoaWU7cjif5Szg   0.01028296   0.00001408765520000000   Mon May 5 03:43:34 BST 2014
SUFxH2MoYRu6XfX7iugAsT7CiJASzQePCW   0.01879554   0.00002574988980000000   Mon May 5 03:43:34 BST 2014
Sk3wAzGuJKMsbAsKqhjDjMPUVrjbxmVmau   123.08028214   0.16861998653180000000   Mon May 5 03:43:34 BST 2014
SVk6HvC8KgxJJepWBUPn6GVY3J1EVDW9yg   101.02836227   0.13840885630990000000   Mon May 5 03:43:34 BST 2014
SayxFogoYnzFpthzc2W2gViww9nrNFmLLS   0.53552561   0.00073367008570000000   Mon May 5 03:43:34 BST 2014
SPydepRVFBdq3WQZvM521Md839gHFgncC6   0.04713551   0.00006457564870000000   Mon May 5 03:43:34 BST 2014
SRcWz9SAiaPpuhKiraqwBQyPbUtZfukAwJ   0.43361153   0.00059404779610000000   Mon May 5 03:43:34 BST 2014
SMwwyqcJiVAQQNZPyxNBWPtcyogKQAPPNH   0.51272695   0.00070243592150000000   Mon May 5 03:43:34 BST 2014
SfDsg9ahTWBekZHRT1DKQt42AgSget6oZt   2.07093005   0.00283717416850000000   Mon May 5 03:43:35 BST 2014
SPDxQYXDa6jpP6TNguk9DRrkDT9xBcqC7D   24.9802029   0.03422287797300000000   Mon May 5 03:43:35 BST 2014
SUiaspqTquiq5ozo4zUKS8DfTnTaKm3F5J   1   0.00137000000000000000   Mon May 5 03:43:35 BST 2014
SaKX9BaFNgXxQEo3U3AgYNDuHDdZYGAq8q   1   0.00137000000000000000   Mon May 5 03:43:36 BST 2014
SYMVRqeVMc73yV2HH5heffiRwbgVhmyme3   0.01001015   0.00001371390550000000   Mon May 5 03:43:36 BST 2014
SjCNbYkSDoC7cex9FEjGAgpnLj5qD1HvYU   0.06678772   0.00009149917640000000   Mon May 5 03:43:36 BST 2014
SYwq6nC7JRpzaAtWv4JkvLBk2LvyL6VD5w   1   0.00137000000000000000   Mon May 5 03:43:38 BST 2014
SPtmB8etZRxwZHt6tTWrgxpf2GBz4btEoD   1   0.00137000000000000000   Mon May 5 03:43:39 BST 2014
SMNqLstseEfwuPtJbk7MUeopL31Fhf9syh   369.69369507   0.50648036224590000000   Mon May 5 03:43:39 BST 2014
SdturQxnBjac8HX4PWcNSNNqMkK1SAScDB   50   0.06850000000000000000   Mon May 5 03:43:39 BST 2014
SgNhZ7fPdvE2xSmnc7Q6BSTgnHCicHHQD8   11298.62094663   15.47911069688310000000   Mon May 5 03:43:40 BST 2014
SZx8yBsanNTiLoU2cayC2EPMJrXxCijGj3   15.50184876   0.02123753280120000000   Mon May 5 03:43:40 BST 2014
ShuVD2ywLQV6tv5DXqpchQAviteDFBznRD   0.01814724   0.00002486171880000000   Mon May 5 03:43:40 BST 2014
SQj2osDKqDghX9yVb8MuRoAyJ1hAvqifuh   0.00000178   0.00000000243860000000   Mon May 5 03:43:45 BST 2014
First row is address, second row is balance, third row is interest amount that will be paid, fourth row is what time address balance was taken.
This interest payment includes addresses recorded up to block 29590.


Thanks a lot for participating!

Enjoy!

SaveCoin! Earn 64% interest a year with daily payouts! No need to stake your wallet, gain interest on cold storage and paper wallets too! http://savecoin.co
Suresh Matsui (OP)
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May 05, 2014, 03:06:44 AM
 #449

Could it be better to wait with hitting the bigger exchanges until the dumpsters are gone? Wait it out...

Whatever happens at AllCrypt seems to stay at AllCrypt...  But maybe what we don't want is for the dumpsters to follow us to Bittrex, or even worse Cryptsy. If that happens, the introduction of SPC to that market could push down the price which could make SPC look like just another IPO dump and make people lose interest quick.
WhiteCoin, AsiaCoin and CinniCoin were very successful at Bittrex so Mintpal picked them up immediately without voting. Now they are somewhat "legit" (except for AC who seems to have their own little mess) and have high volumes at Mintpal. In contrast, YellowCoin and BlueCoin (sigh...) were not successful at Bittrex and have to go back to square one now to bring back confidence to the coin. My point being... when we hit Bittrex or Poloniex (or Mintpal/Cryptsy) we make sure that the introduction is a good one and won't back-fire, or at least do all we can to try to avoid looking quick sell-out, which means getting the dumpsters fed.

So, how about staying patient and waiting for cheap prices to rid themselves at AllCrypt. I for one can guarantee not to sell below 0.005 BTC (and that's counting low).

Or, are the dumpsters still mining and this will just go on and on ... ?

My experience in this business goes back short, but from what I can see is that coins can easily lose the confidence of the general trading community very quickly, and that is... well, pretty much it... then you are back at the end of the line at the bottom of the hill. Has any altcoin made a comeback at all? Has it even ever happened?

Dumpers will follow the buyers, right now the supply is higher than the demand due to limited amount of exchanges, once more buyers enter the market then price may adjust accordingly. Right now the main focus is spreading awareness and bringing clear information about SaveCoin when users need it Smiley It's something we're working on just now.

Check PrimeCoin for an example of a coin which fell dramatically then price shot up after months. Smiley

SaveCoin! Earn 64% interest a year with daily payouts! No need to stake your wallet, gain interest on cold storage and paper wallets too! http://savecoin.co
WolfLee84
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May 05, 2014, 03:41:56 AM
 #450

Great Quote from the Dev,

"This is the beauty of Proof of Fund, the ultimate flexibility! Users will no longer need to store large amounts of blocks for decades  Grin So the interest will continue, this is how SaveCoin will last for decades. Proof of Funds allows us to make users lives easier."

So many P.O.S. coins that use up Power/Electricity, from having to keep your device (Desktop, Laptop, Tablet, Mobile, Etc..) running 24 hours to stake. Kind of like a car, gas over the new electric. Crypto is evolving into making it easy to use, this is much needed if we are to really change how currency is used in the world today. We just have to show the world, the good about cryptocurrency will overtake the bad we have seen in it Cool For some of us do this to better the world, not make money BTC
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May 05, 2014, 11:02:20 AM
 #451

Total coins in circulation: 50902 SPC (+70 PoF, +1493 mined)

Top 50 Richest Addresses (based only on daily interest payout 04.05 -> 05.05):

           SPC         %          Address                                                       Change
1   11314,10   22,23%   SgNhZ7fPdvE2xSmnc7Q6BSTgnHCicHHQD8   -61,40 SPC
2   6774,19   13,31%   SYYoNtNeyicQitxtFbpWkmT4RLUzdBbUe7   +9,27 SPC
3   2721,38   05,35%   Sf9eZ46p3VipC87KjLzbQM3eEtiBaAVxNe   +3,72 SPC
4   2582,63   05,07%   SXuKaFxFonC9bZgoGKvo43AFBTWJA4E2My   +3,53 SPC
5   1649,40   03,24%   Sg3uqSmH3Y6jCbLqaXd8iMaU6arzimCfZP   +23,08 SPC
6   1604,39   03,15%   Sf3WkPb5XkpVMb9GsQK3t4cBqAvJQ8Eqn9   +1,78 SPC
7   1545,62   03,04%   ShA7Yhn7YRwNM4C4HvhYKHycszMyEAjSE4   +347,30 SPC
8   1412,75   02,78%   SR37KvKPGGUjapW74EqWovf157ubJn3jgq   +1,93 SPC
9   1307,24   02,57%   SbksZv7pwWCbrjcEbFcXvHULKhtiuGk8u4   +70,22 SPC
10   1219,01   02,39%   SYEQ3iLX4HY9bTBkeZLxRdLNp7KsA5M5V9   +400,20 SPC
11   1182,29   02,32%   SZMrpJfcjJBSBB9r8w7y9BimN1kTQtkizF   +1,62 SPC
12   1138,98   02,24%   SdnDZ5NmcktWaLgXmYxUXTcP9Dk94Ea7YP   +65,69 SPC
13   1091,82   02,14%   SjfQQnNvNp9gGH2L9xzFSDc5H3tNkxF9oh   +101,89 SPC
14   1085,03   02,13%   SaV8LhF6GRLw1BK4sTEVTbctcYyu5mjiTN   +1,48 SPC
15   1002,74   01,97%   SkVgYK43mAjHgMx7TNwiJGpTMoa6TyP5wE   +1,37 SPC
16   990,21   01,95%   Sb9aSXtQUskMupXgTsARnoBpH9tzyvdnhq   +1,35 SPC
17   977,97   01,92%   SPjPGmfAKJotyxZpTi7UrMPpUpGYq9rfFc   +51,99 SPC
18   926,76   01,82%   SSoD5TXBYfifEB1sNSznh4MxYgiM3wdkAL   +1,27 SPC
19   551,76   01,08%   SW8RG7ybj46mN1Czq7AScyckhCiiTgidp4   -218,30 SPC
20   522,72   01,03%   SbwX6GWxuN4mpnUg7xvQ2EX7owpj17o1xR   -208,29 SPC
21   448,68   00,88%   STGtSC8hDiqgztr5bX7VHGcpgFsvvAm1CH   +0,00 SPC
22   427,27   00,84%   SZ95nKR3byBAZtjdMS8YpqfWXGUR5RiJPT   +69,36 SPC
23   427,20   00,84%   SMkP9CNedK4fZuG6WBFXmuAZxy8gjzMYMP   +0,58 SPC
24   386,80   00,76%   SW7FbkSrE5eiRqMjXJD1NEwmnhnNoXgbSf   +0,53 SPC
25   378,79   00,74%   SY7qawE5h1FyP55xBrYY1WiqEcLzanUvdv   +0,52 SPC
26   370,20   00,73%   SMNqLstseEfwuPtJbk7MUeopL31Fhf9syh   NEW
27   353,37   00,69%   SRYV2Kd6q1EPGvg8BmZtVvvUzKEN4quqvc   +0,48 SPC
28   336,05   00,66%   SPgqKBUPXyoB3fBgair3jDCxU8zNXkT7Gw   +0,46 SPC
29   288,44   00,57%   SWMctixTg33ybiJGQnaoCawR39uP7v5yNW   +0,39 SPC
30   265,72   00,52%   SSqmxJMer58d2CbVyf6gH9YdHd9eJqQBXq   +0,36 SPC
31   265,66   00,52%   Sj7UDwSe48cTekoFEtZwcipGq7xdDSjVtN   +0,36 SPC
32   229,69   00,45%   SW97wTBAUrozthF39XBC7L4cfZ3ZujxMvU   +0,31 SPC
33   227,79   00,45%   ScUFS56XLXmFCJQJfeMDa5ZsNANye55d66   +19,39 SPC
34   207,50   00,41%   SUqQ8RLvvzuCnYfNGyVKG1BPB4Rr2phgk6   +0,28 SPC
35   203,11   00,40%   SQuKMjTRnYx9yctbzFgRYgVpJxwoHwKcAZ   +0,28 SPC
36   202,34   00,40%   Scr6DeJitE5ebf3o7AtJxih6mwHY9yzhBN   +0,28 SPC
37   202,28   00,40%   ShD28yJJxGgHFg6Jmy9hQoDN4wRP1GpffX   +101,78 SPC
38   198,23   00,39%   SZPmQZ3SihwwMwu5bLrAi8rLj61zYwwJnN   +0,27 SPC
39   191,47   00,38%   Sh5Zn3qqs6MDeUJAuQeaY9mNeTzGrbJN3G   +0,26 SPC
40   183,63   00,36%   SSwatg8W5qzQkKeX4wdoSJSYCkrJyHPxdr   +0,25 SPC
41   136,88   00,27%   SPq5KP56kSbnRho3cKbkWYepNwwJugGxq7   +10,20 SPC
42   136,04   00,27%   SULS53XWzXbk1zXcQ4sUZtmr2ZDft36WVJ   +0,19 SPC
43   128,44   00,25%   Shds7ACJGwpETrHgUvuNEQ2zYwX6Tkvazc   +0,18 SPC
44   124,12   00,24%   STtkoQ4rFkDgnA9wKDQFT6M8gfs37rw8JD   +0,17 SPC
45   123,25   00,24%   Sk3wAzGuJKMsbAsKqhjDjMPUVrjbxmVmau   NEW
46   122,48   00,24%   SQ8ePx8De4SeLqrxyRkuUZHRzwTAGV5jZd   +0,17 SPC
47   121,71   00,24%   SZTEASvBxZERfS2zVuRHY6jWdLjNqEvTPa   +0,17 SPC
48   121,38   00,24%   SSH9c56SCBkEF2AjcJoCcZEXdeCod5Koc6   +69,83 SPC
49   114,30   00,22%   SSkHg17KRUzpbQuJqGKKnqkQEk6WJA4Lho   +0,16 SPC
50   107,47   00,21%   SheoWHtJbiLRz8DRzxBahLD1nssKJo7tk7   +0,15 SPC

BTC compared to PASC looks like big clumsy dinosaur - still not aware of meteor coming.
GullibleGooo
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May 05, 2014, 11:22:56 AM
 #452

Top 50 Richest Addresses (based only on daily interest payout 04.05 -> 05.05):

           SPC         %          Address                                                       Change
1   11314,10   22,23%   SgNhZ7fPdvE2xSmnc7Q6BSTgnHCicHHQD8   -61,40 SPC

Please let me in on the technical wizardry and tell me how this is generated? Can it be done with all coins?

SaveCoin - Proof of Funds! 65% yearly interest, NOT PoS!
Gologuzan
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May 05, 2014, 11:51:20 AM
 #453

why o why there is no my address? i have coins for like a 2 days on it and not a single dime got over my mined coins....
i am using exchange to store coins.
WolfLee84
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May 05, 2014, 12:02:30 PM
Last edit: July 17, 2014, 01:18:30 PM by WolfLee84
 #454

why o why there is no my address? i have coins for like a 2 days on it and not a single dime got over my mined coins....
i am using exchange to store coins.

Hello,
   You have to have the coins in your wallet & not the exchange. If you have the coins in the exchange's wallet @ around the time the interest is sent (around the same time everyday), the exchange will get them. The interest is paid out to the wallet, the exchange is not a good place to keep your coins when the interest is sent, unless you are buy/sell & then put them right back into your wallet. Hope this helps Cool
Caniggia
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May 05, 2014, 01:25:46 PM
 #455

I can't wait for this coin !!! Come on Max.
coin-cidence
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May 05, 2014, 03:38:51 PM
 #456

Top 50 Richest Addresses (based only on daily interest payout 04.05 -> 05.05):

           SPC         %          Address                                                       Change
1   11314,10   22,23%   SgNhZ7fPdvE2xSmnc7Q6BSTgnHCicHHQD8   -61,40 SPC

Please let me in on the technical wizardry and tell me how this is generated? Can it be done with all coins?


I am not sure if i understand question, but i take Suresh daily interest payout information into Excel and just compare with day before stats. There is only one problem - with first position because every day it has new address, i asume it is devs account, but as long it is the biggest i can easly identify this one.

BTC compared to PASC looks like big clumsy dinosaur - still not aware of meteor coming.
Suresh Matsui (OP)
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May 05, 2014, 05:32:18 PM
 #457

Top 50 Richest Addresses (based only on daily interest payout 04.05 -> 05.05):

           SPC         %          Address                                                       Change
1   11314,10   22,23%   SgNhZ7fPdvE2xSmnc7Q6BSTgnHCicHHQD8   -61,40 SPC

Please let me in on the technical wizardry and tell me how this is generated? Can it be done with all coins?


I am not sure if i understand question, but i take Suresh daily interest payout information into Excel and just compare with day before stats. There is only one problem - with first position because every day it has new address, i asume it is devs account, but as long it is the biggest i can easly identify this one.

You are correct, that amount is separate from the cold storage amount and is put in a hot wallet to make interest payments. Smiley This will vary if coins are shuffled about Smiley

SaveCoin! Earn 64% interest a year with daily payouts! No need to stake your wallet, gain interest on cold storage and paper wallets too! http://savecoin.co
HegelianCattalactics
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May 05, 2014, 07:21:52 PM
 #458

Quote
"If you have the coins in the exchange's wallet @ around the time the interest is sent (around the same time everyday), the exchange will get them. The interest is paid out to the wallet, the exchange is not a good place to keep your coins when the interest is sent, unless you are buy/sell & then put them right back into your wallet. Hope this helps."

People who are doing this are just helping the community. (Let them lean on the edge of their seat and try to crash the spread.)
Hate to say it but the lack of foresight of "Dumb Money" is a huge benefit in some markets.
Long term holders who get the concept will absorb the loose coinage and accumulate interest.
Dumpers will just help them clean up the bottom of the market.
The broader the transaction base gets the tighter the spread will get.
Like Suresh has been saying - the days of Cheap SaveCoin won't last long.

Suresh - Please advise - Coins in Mining wallets however do keep the interest - yes?
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May 05, 2014, 10:26:53 PM
 #459




Suresh Matsui (OP)
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May 05, 2014, 11:28:22 PM
 #460

Suresh - Please advise - Coins in Mining wallets however do keep the interest - yes?

As long as you have control over an address that your coins reside in, then yes you keep the interest Smiley
As for mining, if it's in a pool, it depends on if the pool deposits your mined SPC in an address allocated to you and their systems update to account for the interest. Smiley


Very nice! Front page updated! Smiley Thanks!

SaveCoin! Earn 64% interest a year with daily payouts! No need to stake your wallet, gain interest on cold storage and paper wallets too! http://savecoin.co
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