[ANN][LIBERTYCOIN][XLB] v1.0.3.0 | X11 | 100% POS | No IPO | No Premine |

[EmilioMann]

Libertycoin will be added to  Coins E  https://www.coins-e.com/ tonight.

very nice!

[Stenull]

Libertycoin will be added to  Coins E  https://www.coins-e.com/ tonight.

very nice!

Excellent!

[shogun47]

Libertycoin will be added to  Coins E  https://www.coins-e.com/ tonight.

very nice!

Excellent!

Its good timing too now that the whale dumps are done. The price can rise to the moon!

[Stenull]

Libertycoin will be added to  Coins E  https://www.coins-e.com/ tonight.

very nice!

Excellent!

Its good timing too now that the whale dumps are done. The price can rise to the moon!

W8 a sec! Are you saying this is the last chance of obtaining XLB at low price!!?
Exchanges here I come!!

[mrdennis86]

I have buy 

[youngwebs]

New Payouts made for LIBERTY COIN from Multipoolmining.com

http://multipoolmining.com
The only multi-pool system with a single coin payout!

Mine many..
Get paid only with your favorite coin!

0.1412 BTC were gathered in round #12 resulting in:
3244 Liberty Coins taken out of the exchanges by the multi-pool!

All coins have been paid to the miners proportional and when your wallet is fully synced you should have received them already!

IMPORTANT
We encountered some issues last night. Because the miners **YOU!** are our most valuable assets, we are deeply sorry for this. To compensate for the payout being lower then possible we charge this round AND next round NO FEES at all for all miners!

YOU CAN MINE YOUR FAVORITE PAYOUT COIN NOW WITHOUT FEES TILL JUNE 3rd 20.00h CET (Amsterdam/Paris)

For the ones who would like to know what happened:
we ran out of disk space, causing all wallets to stop working one after each other, till none where left.

our stratum servers:
SCRYPT

Code:

stratum+tcp://stratum.mulipoolmining.com:4444

X11

Code:

stratum+tcp://stratum.mulipoolmining.com:5555

For support contact us  via IRC: #multipoolmining or in our support/ANN forum

If you like our service, you welcome to DONATE, every tiny bit helps to improve our service!
BTC 18ksRGGa42UupQZKcLjaaQdbqcfc5rxR2k  SYNC SbMCiSyxaRi2jxdLjLFuYkBCdiaAFeQErH
XLB LgtyvBmr2QgL7prBrX9e1rcWvjVmVFipaq  PAWN P9ErQxe3uMBiupcidNF4u6RC34nSjjPdeA

[lionhead666]

New Payouts made for LIBERTY COIN from Multipoolmining.com

http://multipoolmining.com
The only multi-pool system with a single coin payout!

Mine many..
Get paid only with your favorite coin!

0.1412 BTC were gathered in round #12 resulting in:
3244 Liberty Coins taken out of the exchanges by the multi-pool!
...

3244 XLB for 0.1412 BTC? When did you buy the coins? This is a horrible rate! This means at least 4500 sat but the highest price in the last 24h was 4200 sat!!!

[bitbd83]

Oo Yah! I see some FUD mosquito come here again. Spray aerosol.
Quick do it, otherwise they will give us SHIT again.

[youngwebs]

New Payouts made for LIBERTY COIN from Multipoolmining.com

http://multipoolmining.com
The only multi-pool system with a single coin payout!

Mine many..
Get paid only with your favorite coin!

0.1412 BTC were gathered in round #12 resulting in:
3244 Liberty Coins taken out of the exchanges by the multi-pool!
...

3244 XLB for 0.1412 BTC? When did you buy the coins? This is a horrible rate! This means at least 4500 sat but the highest price in the last 24h was 4200 sat!!!

Its not the best trades ever, but please note, this is data for 48 hours, and XLB has been dropping all time.
we have bought today for 0.00003495 and 0.00004497  (and on 31st of may, a tiny bit for approx 0.00005200) Hashrate for libertycoin was kind of low last 48 hours and we did only 3 trade moments therefore.

More important, the used BTC is quite low, but still it is about

Some roundings in the above numbers made it even worse..

Important however: the 0.1412 BTC buy orders are about 15% of Poloniex volume! (extrapolated a bit here, but still)
THis means with some more hashpower for Liberty we can easily start manipulating the rate in the correct direction1 (correct is UP! ) 

[Boomslang]

... we can easily start manipulating the rate ...

*Sigh*

Please be careful what you write in public.

[youngwebs]

... we can easily start manipulating the rate ...

*Sigh*

Please be careful what you write in public.

It's the whole purpose of a multipool.... It has however a bad sound around it.. true..

So Lets rephrase: with more hashpower we can give a stronger buy support and move the exchange rate upwards therefore making this coin more attractive for other buyers, resulting in more buy orders, and even higher exchange rate.

Multipool can just guide here a bit.

[Boomslang]

... we can easily start manipulating the rate ...

*Sigh*

Please be careful what you write in public.

It's the whole purpose of a multipool.... It has however a bad sound around it.. true..

So Lets rephrase: with more hashpower we can give a stronger buy support and move the exchange rate upwards therefore making this coin more attractive for other buyers, resulting in more buy orders, and even higher exchange rate.

Multipool can just guide here a bit.

The purpose of a multipool is not to manipulate prices, it is to mine different currencies and to exchange them for a standard currency.

Price manipulation is something quite different and implies corruption.

Go look at Barclays using LIBOR to manipulate the prices and the punishment handed out to them

[shogun47]

... we can easily start manipulating the rate ...

*Sigh*

Please be careful what you write in public.

It's the whole purpose of a multipool.... It has however a bad sound around it.. true..

So Lets rephrase: with more hashpower we can give a stronger buy support and move the exchange rate upwards therefore making this coin more attractive for other buyers, resulting in more buy orders, and even higher exchange rate.

Multipool can just guide here a bit.

Yes indeed. the more miners the more demand to buy the coin and pay the miners. This gives a real demand for the coin and not just speculation. I'll be getting another 10Mh in scrypt asics soon and will be pointing it at the scrypt side. Be setting up another gpu rig too for the x-11 side to pump up to 22mh on that side.

[lionhead666]

New Payouts made for LIBERTY COIN from Multipoolmining.com

http://multipoolmining.com
The only multi-pool system with a single coin payout!

Mine many..
Get paid only with your favorite coin!

0.1412 BTC were gathered in round #12 resulting in:
3244 Liberty Coins taken out of the exchanges by the multi-pool!
...

3244 XLB for 0.1412 BTC? When did you buy the coins? This is a horrible rate! This means at least 4500 sat but the highest price in the last 24h was 4200 sat!!!

Its not the best trades ever, but please note, this is data for 48 hours, and XLB has been dropping all time.
we have bought today for 0.00003495 and 0.00004497  (and on 31st of may, a tiny bit for approx 0.00005200) Hashrate for libertycoin was kind of low last 48 hours and we did only 3 trade moments therefore.

More important, the used BTC is quite low, but still it is about

Some roundings in the above numbers made it even worse..

Important however: the 0.1412 BTC buy orders are about 15% of Poloniex volume! (extrapolated a bit here, but still)
THis means with some more hashpower for Liberty we can easily start manipulating the rate in the correct direction1 (correct is UP! ) 

Ok but the future I would prefer that you do not buy XLB at higher rates than you could get on real exchanges like mintpal or cryptsy. Today it wasn't even possible to buy at 4497 SAT on mintpal!

[youngwebs]

Ok but the future I would prefer that you do not buy XLB at higher rates than you could get on real exchanges like mintpal or cryptsy. Today it wasn't even possible to buy at 4497 SAT on mintpal!

The 4497 sat was from Saturday (not today). We trade a few times per day normally and only on the exchange with best possible price (=lowest). It is sometimes however too expensive too move btc around too much (you have to pay a withdrawal fee with every coin move and you can be too late again, taking the transfer times needed into account as well!)

[Boomslang]

... we can easily start manipulating the rate ...

*Sigh*

Please be careful what you write in public.

It's the whole purpose of a multipool.... It has however a bad sound around it.. true..

So Lets rephrase: with more hashpower we can give a stronger buy support and move the exchange rate upwards therefore making this coin more attractive for other buyers, resulting in more buy orders, and even higher exchange rate.

Multipool can just guide here a bit.

Yes indeed. the more miners the more demand to buy the coin and pay the miners. This gives a real demand for the coin and not just speculation. I'll be getting another 10Mh in scrypt asics soon and will be pointing it at the scrypt side. Be setting up another gpu rig too for the x-11 side to pump up to 22mh on that side.

Unfortunately, this is not necessarily true.

As an illustration, change "coin" into "coal"

A lot of miners may mine coal and extract it.  You may have far too many miners and the coal seam is not very rich.

However, if there are no power stations to use it to generate electricity and no fires burning in people's homes to keep them warm, the coal piles up and is not consumed.  As a commodity, it is only as valuable as it's usefulness.  Mining more coal will not encourage people to burn it.  There is no incentive to pay the miners if the coal is not actually used.

The supply outstrips the demand.  The price of coal falls, mines close, communities destroyed.

This is what happened to the coal industry in the UK during the 1980's

I'm not attacking Libertycoin, I'm pointing out the flaw in your economic modelling.

[shogun47]

... we can easily start manipulating the rate ...

*Sigh*

Please be careful what you write in public.

It's the whole purpose of a multipool.... It has however a bad sound around it.. true..

So Lets rephrase: with more hashpower we can give a stronger buy support and move the exchange rate upwards therefore making this coin more attractive for other buyers, resulting in more buy orders, and even higher exchange rate.

Multipool can just guide here a bit.

Yes indeed. the more miners the more demand to buy the coin and pay the miners. This gives a real demand for the coin and not just speculation. I'll be getting another 10Mh in scrypt asics soon and will be pointing it at the scrypt side. Be setting up another gpu rig too for the x-11 side to pump up to 22mh on that side.

Unfortunately, this is not necessarily true.

As an illustration, change "coin" into "coal"

A lot of miners may mine coal and extract it.  You may have far too many miners and the coal seam is not very rich.

However, if there are no power stations to use it to generate electricity and no fires burning in people's homes to keep them warm, the coal piles up and is not consumed.  As a commodity, it is only as valuable as it's usefulness.  Mining more coal will not encourage people to burn it.  There is no incentive to pay the miners if the coal is not actually used.

The supply outstrips the demand.  The price of coal falls, mines close, communities destroyed.

This is what happened to the coal industry in the UK during the 1980's

I'm not attacking Libertycoin, I'm pointing out the flaw in your economic modelling.

Just one thing. These miners mining the coal in your scenario actually want gold. So their mine lord sells the coal at the highest prices and buys gold to pay their miners in what they want. Nothings perfect but it does cause a demand for the gold outside speculation. We do this all the time. We trade our work and labor and skill for fiat to get things we want. This for that. Its a model thats been around for a very long time. The miners on the multipool mine shit coins for for the pool. The pool sells them for btc to buy the desired coin the miners want. This as far as a cryptocoin goes is a demand outside speculation.

[youngwebs]

Unfortunately, this is not necessarily true.

As an illustration, change "coin" into "coal"

A lot of miners may mine coal and extract it.  You may have far too many miners and the coal seam is not very rich.

However, if there are no power stations to use it to generate electricity and no fires burning in people's homes to keep them warm, the coal piles up and is not consumed.  As a commodity, it is only as valuable as it's usefulness.  Mining more coal will not encourage people to burn it.  There is no incentive to pay the miners if the coal is not actually used.

The supply outstrips the demand.  The price of coal falls, mines close, communities destroyed.

This is what happened to the coal industry in the UK during the 1980's

I'm not attacking Libertycoin, I'm pointing out the flaw in your economic modelling.

well to make it a fair comparison:

the coal is no longer mineable, there is however a fixed amount of coal around in the world, divided over many different people.
Now there is service that still mines, but different commodities however (e.g. gas/oil etc). These commodities have a value and are sold. This service now goes to all poeple who have still some coals and offers a fair price to take it over. This coal is now handed over to the miners of the new service.

Over time, the coal will get more rare. and it will become more difficult to buy this from the owners who have some coal left (they might think there property becomes more valuable if they wait longer)

You can still ask the question, what should i do with all this coal as miner, but the economic models is correct. No supply, and a actual demand, will drive price higher!

[Boomslang]

... we can easily start manipulating the rate ...

*Sigh*

Please be careful what you write in public.

It's the whole purpose of a multipool.... It has however a bad sound around it.. true..

So Lets rephrase: with more hashpower we can give a stronger buy support and move the exchange rate upwards therefore making this coin more attractive for other buyers, resulting in more buy orders, and even higher exchange rate.

Multipool can just guide here a bit.

Yes indeed. the more miners the more demand to buy the coin and pay the miners. This gives a real demand for the coin and not just speculation. I'll be getting another 10Mh in scrypt asics soon and will be pointing it at the scrypt side. Be setting up another gpu rig too for the x-11 side to pump up to 22mh on that side.

Unfortunately, this is not necessarily true.

As an illustration, change "coin" into "coal"

A lot of miners may mine coal and extract it.  You may have far too many miners and the coal seam is not very rich.

However, if there are no power stations to use it to generate electricity and no fires burning in people's homes to keep them warm, the coal piles up and is not consumed.  As a commodity, it is only as valuable as it's usefulness.  Mining more coal will not encourage people to burn it.  There is no incentive to pay the miners if the coal is not actually used.

The supply outstrips the demand.  The price of coal falls, mines close, communities destroyed.

This is what happened to the coal industry in the UK during the 1980's

I'm not attacking Libertycoin, I'm pointing out the flaw in your economic modelling.

Just one thing. These miners mining the coal in your scenario actually want gold. So their mine lord sells the coal at the highest prices and buys gold to pay their miners in what they want. Nothings perfect but it does cause a demand for the gold outside speculation. We do this all the time. We trade our work and labor and skill for fiat to get things we want. This for that. Its a model thats been around for a very long time. The miners on the multipool mine shit coins for for the pool. The pool sells them for btc to buy the desired coin the miners want. This as far as a cryptocoin goes is a demand outside speculation.

I can see what you're trying to get at.

In your explanation, is XLB the coal or the gold?

[shogun47]

In your explanation, is XLB the coal or the gold?

The XLB is the wanted item so it would be the gold. The "shitcoins" being mined and sold are the coal.