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cryptoholic11
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May 22, 2014, 03:01:39 AM |
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I want to invest in some color coins and after briefly skimming through all their specs/prices/community threads, this one intrigues me the most mainly because the price is so damn low and theremight be great potential. The 'no premine no IPO' sounds enticing but how are all the 380M coins already in circulation? Were they instamined? Is the original dev still with the team? No offense to this community but judging from his posts, seems like he wanted to create a quick pump and dump scheme to make a fast profit. Hope I am wrong. What are the future goals with development and implentation? Why should I invest in this coin over some of the other color coins?
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dodgecharger
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May 22, 2014, 05:29:21 AM |
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need a new ann thread , a new release . that just destroy some coins? with a ceiling of a maximum of 50m will attract more people  |
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dodgecharger
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May 22, 2014, 06:30:19 AM
Last edit: May 22, 2014, 06:41:20 AM by dodgecharger |
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sorry my english translate google  how about building a new coin ? example hotpinkcoin 100% pos x11 supply 30 m and switch to the holders of pinkcoin 1(New pinkcoin) for 10 pinkcoin benefit holders, would bring more volume, new investors would rush to buy pinkcoin to exchange for new coin |
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sonysasankan
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May 22, 2014, 07:14:19 AM
Last edit: May 22, 2014, 08:42:59 AM by sonysasankan |
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sonysasankan
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May 22, 2014, 07:49:45 AM |
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I want to invest in some color coins and after briefly skimming through all their specs/prices/community threads, this one intrigues me the most mainly because the price is so damn low and theremight be great potential. The 'no premine no IPO' sounds enticing but how are all the 380M coins already in circulation? Were they instamined? Is the original dev still with the team? No offense to this community but judging from his posts, seems like he wanted to create a quick pump and dump scheme to make a fast profit. Hope I am wrong. What are the future goals with development and implentation? Why should I invest in this coin over some of the other color coins?
The original Dev "bigman" did create this coin originally when the color coin fad was at its peak, and really had no intention to see it through to multiple exchanges, build a userbase etc. Somewhere down the road, the people invested in the coin began showing an overwhelming support for the coin... like they really wanted the coin to go somewhere rather than die at 1 sat someday. Bigman was seen less frequently and we all know what happens to a coin when the dev disappears  So a point came where a bunch of us came together and organized a bunch of events like giveaways, re tweets, refilling faucets etc and revived the coin. We're also slowly rebranding the coin to move away from the colour coins category and associate it with breast cancer awareness. To reinforce that, we starting a breast cancer fundraiser event for the National Breast Cancer Foundation and its going to have a two fold effect. One... Pink would be associated with something more serious and more importantly have a focus. Two.... we're giving 100 PC for every dollar donated so we get a lot of non crypto crowd through social media to "discover" crypto through pink. And what do you do when you discover something? You tell it to your friends Word of mouth is an extremely effective tool of advertising and the plan is to spread the word of pink to the uninitiated So I highly recommend you invest in pink at the moment, because I can assure you.... these prices will not come back once we get the ball rolling. It would be like trying to get BlackCoin for 600 sats now. |
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sonysasankan
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May 22, 2014, 07:52:48 AM |
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need a new ann thread , a new release . that just destroy some coins? with a ceiling of a maximum of 50m will attract more people Yes a new ANN thread is coming. We're currently working on the website etc that will be the contents of the new ANN page. I'm guessing we should have one in 3-4 days. You cannot distroy coins that are already in circulation. The mining stage is over and the entire coins are in teh hands of the people. |
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sumgye
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May 22, 2014, 07:58:45 AM
Last edit: May 22, 2014, 08:22:03 AM by sumgye |
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I want to invest in some color coins and after briefly skimming through all their specs/prices/community threads, this one intrigues me the most mainly because the price is so damn low and theremight be great potential. The 'no premine no IPO' sounds enticing but how are all the 380M coins already in circulation? Were they instamined? Is the original dev still with the team? No offense to this community but judging from his posts, seems like he wanted to create a quick pump and dump scheme to make a fast profit. Hope I am wrong. What are the future goals with development and implentation? Why should I invest in this coin over some of the other color coins?
There's actually fewer than 380M coins. That was more or less an estimate Bigman made when we hit POS/POW phase, because despite POW blocks being valid until block 20,000, it was 50/50 POW/POS from block 10,000 to 20,000, so only half the blocks were expected to be mined at the full value. It's worth noting that during the mining phase everyone thought there was going to be 500m coins, it didn't come out until later that there were far fewer. Here are the only issues I can find: Currently (as of writing) we are on block 76649 and there are 363,973,182 PC available. We're actually knocking out blocks about 2.5x faster than the quoted 1block/minute, which, while odd, isn't producing that many more coins. Comparing to the number of coins available now to the number there were at block 20,000 shows we're actually getting about 1.5% per year proof of stake. There was a bit of an instamine where the first 500 blocks were mined in the first 13 minutes after launch by a handful of people. Looking through the addresses, it seems all those were dumped long ago. When people started dumping and the dev didn't seem to be interested in doing anything with the coin (beyond occasionally taking part in things we were doing early on, something we encouraged. We wanted Bigman to stay on board, CryptoCayce gave him 500k pinkcoins as a thank you for creating the coin when he was getting more active again and helping.) We started a semi-community takeover, got a slick block explorer from fairglu (thanks again man!) and extremely generous faucet online (thanks for the help there Ghris and Altcoinfaucet!) and a solid OS X Wallet (Thanks W8!), but when Bigman flat out took the PinkCoin source offline last week and stopped responding to us we had to re-think things. Since then we're on the verge of a full relaunch with a full fledged Breast Cancer Fundraiser, a new website, a new marketing campaign, a new everything. We've even got a multipool all lined up for us as soon as we can raise the 3m pinkcoins (We're almost halfway there in less than 24 hours!). I'm actually just waiting to hear back from Sonysasankan before putting on some finishing touches then coordinating the relaunch with him. Hence: this is the best time to invest! Anyway, I hope I've answered all of your questions and alleviated some of your concerns. If you, or anyone else for that matter, has any questions please feel free to ask! EDIT: I guess I'm not waiting for a message from Sonysasankan anymore! |
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sonysasankan
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May 22, 2014, 08:09:04 AM |
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sorry my english translate google how about building a new coin ? example hotpinkcoin 100% pos x11 supply 30 m and switch to the holders of pinkcoin 1(New pinkcoin) for 10 pinkcoin benefit holders, would bring more volume, new investors would rush to buy pinkcoin to exchange for new coin Hey, that's actually a neat idea. But I'm afraid it would have to wait as implementing something like that is quite complex and time consuming. It would put the exchanges in hold too. Coin 2 is also implementing something like that after they faced a double spend attack. Its frozen for about a week I think and they're still working the bugs out. It takes too long and we can consider that once pink rises in prices and finds a new stable floor. |
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cryptoholic11
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May 22, 2014, 08:41:27 AM |
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Hey thanks for the replies sumgye and sasankan. You guys seem professional, committed and positive about this coin. I will be investing in PC!
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sonysasankan
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May 22, 2014, 08:52:08 AM |
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I have donated:
DATE CURRENCY UNITS STATUS
05/22/2014 08:40:13 AM PC 999999.60000000 Completed
05/22/2014 08:21:42 AM PC 76107.90495885 Completed
THANK YOU!!
This is the kind of altruism and giving spirit I envisioned for this coin when I decided to make a significant investment in it and when I giveaway and donate sizeable portions of it to the crypto community. your contribution to that vision is greatly appreciated! Thanks a lot my friend. May the pink be with you!!  |
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manatwork
Newbie
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Activity: 32
Merit: 0
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May 22, 2014, 11:32:55 AM |
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just made a 50k donation. hope will help. thanks for your hard work.
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(oYo)
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May 22, 2014, 03:40:02 PM |
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Someone gave me 10k coins last night! THANK YOU!! I donated half for the pool. @PC PB9TmJXZTqzLroz9cLzCQe2cNWzEwJeq5g I love PinkCoin and it's beautiful community!   |
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sumgye
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May 22, 2014, 04:33:56 PM |
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Awesome guys! Thank you so much! Someone gave me 10k coins last night! THANK YOU!! I donated half for the pool. @PC PB9TmJXZTqzLroz9cLzCQe2cNWzEwJeq5g I love PinkCoin and it's beautiful community! That's part of what's so awesome about this community;) We just randomly donate to PC addresses:) And heaven forbid you do something productive for PinkCoin! The guy that did our block explorer ended up with 3x the bounty we offered because everyone wanted to tip him for his work! P.S. It wasn't me. This time. |
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gdavis024
Full Member
Offline
Activity: 179
Merit: 100
Fighter of the Dayman
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May 22, 2014, 05:21:59 PM |
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Hi All, I'm fairly new to the alternative crypto-universe and typically just stuck with bitcoin. I came across PC and I really like what the community is doing here. Obviously, it's unfortunate that the original dev left, but it's amazing how the community bound together to keep the coin going. Kudos It's overcoming adversity despite all the obstacles that makes something great, and that's exactly what I think we are doing here! Also I'm a huge breast cancer awareness supporter and I love where you guys are taking PC. I'd be pretty cool if we could get a vendor that sells the pink ribbons, rubber bracelets, and other "awareness" apparel to take PC. Also just donated a little over 100K PC for the multipool fund Regards, gdavis024 aka TheDayMan aka DasBoot |
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dygus
Legendary
Offline
Activity: 1193
Merit: 1000
Peaky Blinder
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May 22, 2014, 06:29:31 PM |
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I'm thinking why ppl sell at this price?
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sonysasankan
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May 22, 2014, 07:27:11 PM |
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Awesome guys! Thank you so much! Someone gave me 10k coins last night! THANK YOU!! I donated half for the pool. @PC PB9TmJXZTqzLroz9cLzCQe2cNWzEwJeq5g I love PinkCoin and it's beautiful community! That's part of what's so awesome about this community;) We just randomly donate to PC addresses:) And heaven forbid you do something productive for PinkCoin! The guy that did our block explorer ended up with 3x the bounty we offered because everyone wanted to tip him for his work! P.S. It wasn't me. This time. And W8 for the Mac Wallet too... Bigman ran away without paying him his bounty. So we paid from the donations fund and everyone wanted to throw some extra pink his way just like that |
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fayoling
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May 22, 2014, 08:08:38 PM |
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Hi All, I'm fairly new to the alternative crypto-universe and typically just stuck with bitcoin. I came across PC and I really like what the community is doing here. Obviously, it's unfortunate that the original dev left, but it's amazing how the community bound together to keep the coin going. Kudos It's overcoming adversity despite all the obstacles that makes something great, and that's exactly what I think we are doing here! Also I'm a huge breast cancer awareness supporter and I love where you guys are taking PC. I'd be pretty cool if we could get a vendor that sells the pink ribbons, rubber bracelets, and other "awareness" apparel to take PC. Also just donated a little over 100K PC for the multipool fund Regards, gdavis024 aka TheDayMan aka DasBoot Welcome to the community, I really like the idea of finding a vendor for the pink ribbons etc... A new community member with good ideas, Love it. |
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cryptoholic11
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May 22, 2014, 09:11:07 PM |
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Donated some! Is there any plan to get PC on other exchanges for more exposure? And who is still dumping at these prices?
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fayoling
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May 22, 2014, 10:24:48 PM |
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Donated some! Is there any plan to get PC on other exchanges for more exposure? And who is still dumping at these prices?
We are in the voting on Mintpal, so feel free to add a vote every now and then And I don't think many people are watching this thread, and the ones that are have kept pretty quiet about all the announcements. We are all still accumulating more while it's low, I think, or atleast I am  I think most of the dumpers are coming from the last little pump. As per the usual altcoin impatient market, people buy when they see price/volume increase. And bail when it goes down. |
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