Trezi
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Activity: 118
Merit: 10
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May 23, 2014, 08:03:20 PM |
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It is highly professional to update and modify the coin to be more effective and successful actually. Those that make a coin and walk away, that is unprofessional.
I don't deny that but there are some specifications which are important parameters. And POW/POS, amount of coins - that's one of the first things i would decide when i release a crypto currency. Anyway if you check the devs post history, you will see that he is or was a miner himself - so I'm really curious how he will decide. |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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dadon
Legendary
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Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
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May 23, 2014, 08:03:40 PM |
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So what's going on with this coin? I'm ready to invest but what are people getting upset about? Something about the dev changing how many coins will be in existence?
if we don't change it in the next 3 months 17+ million coins are going to be mined before pos starts, we want to reduce that number to avoid saturation, or reduce the block rewards to something like DRK or BTC |
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Taner
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May 23, 2014, 08:06:21 PM |
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We just want to over 17M coins don't dump on us kill the coin. Even anon wallet can't survive this.
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brother3
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May 23, 2014, 08:06:27 PM |
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So what's going on with this coin? I'm ready to invest but what are people getting upset about? Something about the dev changing how many coins will be in existence?
It's a passionate discussion on the possibility of reducing the number of coins for POW....I got distracted myself |
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Trezi
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Activity: 118
Merit: 10
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May 23, 2014, 08:06:42 PM |
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And now the dev has gone offline - great  |
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dadon
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Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
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May 23, 2014, 08:09:18 PM |
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And now the dev has gone offline - great he is working on the wallet, he want's it ready by sunday and probably doesn't want to get involved with this crap, i think he understands our concerns about the amount of coins, or he wouldn't of given us the choice to change it |
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JesstersDead
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Activity: 154
Merit: 100
I forgot where I put my wallet.dat
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May 23, 2014, 08:11:27 PM |
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And now the dev has gone offline - great he is working on the wallet, he want's it ready by sunday and probably doesn't want to get involved with this crap, i think he understands our concerns about the amount of coins, or he wouldn't of given us the choice to change it Yeah, I would much rather him focus on the anon aspect of the coin at the moment. Without it, changing the PoW structure is a moot point lol. |
Cryptsy.com - USD markets coming soon. Go validate your account now!
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Trezi
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Activity: 118
Merit: 10
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May 23, 2014, 08:12:19 PM |
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And now the dev has gone offline - great he is working on the wallet, he want's it ready by sunday and probably doesn't want to get involved with this crap, i think he understands our concerns about the amount of coins, or he wouldn't of given us the choice to change it But this... crap... is important and must - as you said yourself - be settled before the wallet is released. |
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dadon
Legendary
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Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
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May 23, 2014, 08:15:28 PM |
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well that's why he left it up to us to discuss it, but it's up to him in the end, i do hope it changes a bit though, either cut pow down to between 7-and 10 mil or something like drk or btc were the blocks are smaller and difficulty higher
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Taner
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May 23, 2014, 08:16:18 PM |
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And now the dev has gone offline - great he is working on the wallet, he want's it ready by sunday and probably doesn't want to get involved with this crap, i think he understands our concerns about the amount of coins, or he wouldn't of given us the choice to change it But this... crap... is important and must - as you said yourself - be settled before the wallet is released. Dev give promise. He will do what the community agree's to. So far community wants 7-10M PoW coins. Or drk/ltc like minin. |
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dadon
Legendary
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Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
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May 23, 2014, 08:17:19 PM |
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And now the dev has gone offline - great he is working on the wallet, he want's it ready by sunday and probably doesn't want to get involved with this crap, i think he understands our concerns about the amount of coins, or he wouldn't of given us the choice to change it But this... crap... is important and must - as you said yourself - be settled before the wallet is released. i agree, it does need to be settled and soon either cut pow down or continue it on like drk or btc is doing were it will take years to mine the total supply of coins |
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brother3
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May 23, 2014, 08:17:29 PM |
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And now the dev has gone offline - great he is working on the wallet, he want's it ready by sunday and probably doesn't want to get involved with this crap, i think he understands our concerns about the amount of coins, or he wouldn't of given us the choice to change it But this... crap... is important and must - as you said yourself - be settled before the wallet is released. Imho, debugging the anon part is so much harder than changing the coin specs. I have confidence in the dev. He will tackle the hardest part first then everything will fall into place. I would not rush him..Too much at stake: if the anon part does not work then this coin will tank |
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dadon
Legendary
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Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
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May 23, 2014, 08:18:51 PM |
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And now the dev has gone offline - great he is working on the wallet, he want's it ready by sunday and probably doesn't want to get involved with this crap, i think he understands our concerns about the amount of coins, or he wouldn't of given us the choice to change it But this... crap... is important and must - as you said yourself - be settled before the wallet is released. Dev give promise. He will do what the community agree's to. So far community wants 7-10M PoW coins. Or drk/ltc like minin. i would be more then happy with this, just trying to come to a happy medium with the ppl who are not |
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veritasBS
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May 23, 2014, 08:48:49 PM |
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And now the dev has gone offline - great he is working on the wallet, he want's it ready by sunday and probably doesn't want to get involved with this crap, i think he understands our concerns about the amount of coins, or he wouldn't of given us the choice to change it But this... crap... is important and must - as you said yourself - be settled before the wallet is released. Dev give promise. He will do what the community agree's to. So far community wants 7-10M PoW coins. Or drk/ltc like minin. i would be more then happy with this, just trying to come to a happy medium with the ppl who are not But the only people here that are not happy with the lower coin count is the miners that are just going to dump the coins for btc. They are happy with this coin as it has a good BTC per mh/s payout. Lets stop this nonsense. This is a PoS coin, it should not be about giving money to people with graphic cards solving problems. Let the investors have it and see where we can take it. Send the miners back to the PoW coins where they serve a purpose. |
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Taner
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May 23, 2014, 08:50:42 PM |
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And now the dev has gone offline - great he is working on the wallet, he want's it ready by sunday and probably doesn't want to get involved with this crap, i think he understands our concerns about the amount of coins, or he wouldn't of given us the choice to change it But this... crap... is important and must - as you said yourself - be settled before the wallet is released. Dev give promise. He will do what the community agree's to. So far community wants 7-10M PoW coins. Or drk/ltc like minin. i would be more then happy with this, just trying to come to a happy medium with the ppl who are not But the only people here that are not happy with the lower coin count is the miners that are just going to dump the coins for btc. They are happy with this coin as it has a good BTC per mh/s payout. Lets stop this nonsense. This is a PoS coin, it should not be about giving money to people with graphic cards solving problems. Let the investors have it and see where we can take it. Send the miners back to the PoW coins where they serve a purpose. They dumping contiune 12 weeks more. Over 17M coins! This will kill the XC. |
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Trezi
Member
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Activity: 118
Merit: 10
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May 23, 2014, 08:53:34 PM |
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But the only people here that are not happy with the lower coin count is the miners that are just going to dump the coins for btc. They are happy with this coin as it has a good BTC per mh/s payout. Lets stop this nonsense. This is a PoS coin, it should not be about giving money to people with graphic cards solving problems. Let the investors have it and see where we can take it. Send the miners back to the PoW coins where they serve a purpose.
Dude, what are you talking there? Up to now it is a POW/POS coin. Long term POW by the dev. And why is it nonsense to make profit from mining? People have counted on that feature. It is natural that they are complaining now. |
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veritasBS
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May 23, 2014, 08:57:30 PM |
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But the only people here that are not happy with the lower coin count is the miners that are just going to dump the coins for btc. They are happy with this coin as it has a good BTC per mh/s payout. Lets stop this nonsense. This is a PoS coin, it should not be about giving money to people with graphic cards solving problems. Let the investors have it and see where we can take it. Send the miners back to the PoW coins where they serve a purpose.
Dude, what are you talking there? Up to now it is a POW/POS coin. Long term POW by the dev. And why is it nonsense to make profit from mining? People have counted on that feature. It is natural that they are complaining now. Miners objection to the coin count reduction is self serving. Investors proposal for the coin reduction is self serving. Miners will be long gone in a few weeks but the investors will be here long term so the investors should be calling the shots... |
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MrWHALE
Newbie
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Activity: 56
Merit: 0
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May 23, 2014, 08:59:39 PM |
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And now the dev has gone offline - great he is working on the wallet, he want's it ready by sunday and probably doesn't want to get involved with this crap, i think he understands our concerns about the amount of coins, or he wouldn't of given us the choice to change it But this... crap... is important and must - as you said yourself - be settled before the wallet is released. Dev give promise. He will do what the community agree's to. So far community wants 7-10M PoW coins. Or drk/ltc like minin. i would be more then happy with this, just trying to come to a happy medium with the ppl who are not But the only people here that are not happy with the lower coin count is the miners that are just going to dump the coins for btc. They are happy with this coin as it has a good BTC per mh/s payout. Lets stop this nonsense. This is a PoS coin, it should not be about giving money to people with graphic cards solving problems. Let the investors have it and see where we can take it. Send the miners back to the PoW coins where they serve a purpose. This. Notice that almost all (of the 3-4 people) that are advocating for longer mining + greater total supply, can not speak proper English. They are probably chinese with mining farms/asics. This is just stupid that we are listening to them. As we speak, CryptCoin is cutting their supply from 17m to 11m and reducing block rewards, and none of them are bitching about it. Dev, just lower the supply / block reward and act confident in your decision, because it is the smart thing to do. And the few voices of those who complain will be lost in the sea of voices that praise you for a smart move. |
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Taner
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May 23, 2014, 09:00:11 PM |
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But the only people here that are not happy with the lower coin count is the miners that are just going to dump the coins for btc. They are happy with this coin as it has a good BTC per mh/s payout. Lets stop this nonsense. This is a PoS coin, it should not be about giving money to people with graphic cards solving problems. Let the investors have it and see where we can take it. Send the miners back to the PoW coins where they serve a purpose.
Dude, what are you talking there? Up to now it is a POW/POS coin. Long term POW by the dev. And why is it nonsense to make profit from mining? People have counted on that feature. It is natural that they are complaining now. Miners objection to the coin count reduction is self serving. Investors proposal for the coin reduction is self serving. Miners will be long gone in a few weeks but the investors will be here long term so the investors should be calling the shots...Thank you. People starting understan me. We must think long term. |
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Trezi
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Activity: 118
Merit: 10
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May 23, 2014, 09:04:19 PM |
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Miners objection to the coin count reduction is self serving. Investors proposal for the coin reduction is self serving. Miners will be long gone in a few weeks but the investors will be here long term so the investors should be calling the shots...
Did you ever come across the thought that a miner might actually sell and hold? 
Notice that almost all (of the 3-4 people) that are advocating for longer mining + greater total supply, can not speak proper English. They are probably chinese with mining farms/asics.
And no I'm not chinese but I guess you will have much more problems with my language than I have with yours. So what? And I find it funny to discuss with so many greedy and self-satisfied people. |
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