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Author Topic: [ANN][SUPERCOIN]First P2p Decentralized Trustless Anonymous Wallet Coming Soon  (Read 465739 times)
suppersz
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June 16, 2014, 03:27:24 AM
 #2241

I just answered busoni (poloniex) and his concerns again. And also voted  on mintpal like every SUPER community members should do.

https://www.mintpal.com/voting

Yeah.

Mintpal is a huge thing lets finish it.
I bought back,thanks multipool.and voted Grin

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June 16, 2014, 03:30:24 AM
 #2242

I have 1m SUPER (bought at 6500 - avg)

It looks sell pressure getting weak...

But I don't know what I will do..

Just hold..? dump..? another buy..?
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June 16, 2014, 03:34:23 AM
 #2243

I have 1m SUPER (bought at 6500 - avg)

It looks sell pressure getting weak...

But I don't know what I will do..

Just hold..? dump..? another buy..?
Another buy,because i think busoni(poloniex) will realize their mistake!

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June 16, 2014, 03:37:28 AM
 #2244

I am not a marketing expert. But because many posts coming on this matter. I made a simple calculation in our case, lets say, daily we have 800 blocks found (from 960 max) each is (512 SUPERs) and multipool dumpers sells these automatically on at 4000 satoshi 800 * 512 * 4000 = 1.6384 BTC 16.384 BTC dump and next 5 days makes about 80 btc. Fix me please if  am wrong...(thank you for the fix)  So market needs to stabilize then each day minimum this amount of buy orders.

I think problem maybe on high pos rewards (100%), community broken trust on poloniex or pumper manipulation or stake holders dump or general bad market or simple bad luck...

In reverse, a multipool paying with SUPER and over few GHZ can buy from market 5-10 btc worth SUPERs daily (if successfully marketted). I can see at bittrex order book, From 2900 to 4290 only 3.8 btc worth buy needed just now. If the multipool miners don't sell daily (mine today sell tomorrow) rewards can be much better for them. Remember we are listed only 1 exchange so when bittrex exchange is handled all done :-)





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June 16, 2014, 03:42:01 AM
 #2245

I am not a marketing expert. But because many posts coming on this matter. I made a simple calculation in our case, lets say, daily we have 800 blocks found (from 960 max) each is (512 SUPERs) and multipool dumpers sells these automatically on at 4000 satoshi 800 * 512 * 4000 = 1.6384 BTC dump and next 5 days makes about 10 btc. Fix me please if  am wrong... So market needs to stabilize then each day minimum this amount of buy orders.

I think problem maybe on high pos rewards (100%), community broken trust on poloniex or pumper manipulation or stake holders dump or general bad market or simple bad luck...

In reverse, a multipool paying with SUPER and over few GHZ can buy from market 5-10 btc worth SUPERs daily (if successfully marketted). I can see at bittrex order book, From 2900 to 4290 only 3.8 btc worth buy needed just now. If the multipool miners don't sell daily (mine today sell tomorrow) rewards can be much better for them. Remember we are listed only 1 exchange so when bittrex exchange is handled all done :-)







Thank for your comment.

Is it possible POS now?

I have all coin in bittrex.

I will hold it..
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June 16, 2014, 03:51:46 AM
 #2246

Yes, daily PoS running. (with superblocks)
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June 16, 2014, 03:57:19 AM
 #2247


Vote for SUPER on MINTPAL: https://www.mintpal.com/voting#SUPER
Tell your friends to vote for SUPER on MINTPAL: https://www.mintpal.com/voting#SUPER


Announcing the SuperCoin Logo Design Contest!
Supercoin is looking for an updated logo design. Once we select the winner, we'll need it in .png format on transparency in the following sizes:
- 543 x 468 pixels to be used on the wallet splash screen
- 400 x 250 pixels to be used inside of our wallet
- 300 x 300 pixels to be used on exchanges and OP

Our contest requirements are simple:
- We would like a minimum of five (5) entries. Post your logo in our Bitcointalk thread between 6/8/14 thru 6/22/14.
- We are interested in keeping the classic "superman" diamond theme.
- A metallic, steel, or iron influenced treatment to communicate security and strength.
- Darker colors for a more serious tone, though this is optional.
- The final decision will be made by the Supercoin Team.
- Superman logo is trademarked do not use it. Make it original.
Bounty: 5120 SUPER coin (10 blocks) + being winner in a contest

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June 16, 2014, 04:01:27 AM
 #2248

@jakimanboy is out there takin' care of business on twitter \m/

the computer has increased the purse of words
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June 16, 2014, 04:14:12 AM
 #2249

I am running the 2 biggest Multipool in china, i know it.  Smiley

So your 2 biggest multipools in China are mining and dumping supercoin? Grin

You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
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June 16, 2014, 04:19:21 AM
 #2250


Thank for your comment.

Is it possible POS now?

I have all coin in bittrex.

I will hold it..

If you have 1 mil coins, you will stake about 3000-5000 per day I believe.

You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
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June 16, 2014, 04:25:48 AM
 #2251


Thank for your comment.

Is it possible POS now?

I have all coin in bittrex.

I will hold it..

If you have 1 mil coins, you will stake about 3000-5000 per day I believe.

Thanks. I have 1.1m
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June 16, 2014, 04:30:30 AM
 #2252

Supercoin Long Term Development Advice

hi Supercoin Community

i am provenceday, truly, i have some amount Supercoin(i also have more than 100 posts on this thread).  Although i try to be neutral, but still some advices from me may be very subjective. Please Don't soak up everything uncritically.

about me, i have involved with coins more than 2 years, and mining and holding more than 100 altcoins at least. Also i am running 2 biggest Multipool in China. so i just want to share some experience with Community.


1  Whether Supercoin is a good coin or not?

For me, i believe Supercoin is a good coin deserve to hold. Because Supercoin has a dedicated dev team, yes dev team is the vital to Altcoin (not for bitcoin Grin), if dev team abandoned a altcoin, then the altcoin may not go far. Luckily we have a dedicated team behind Supercoin. Everybody in Community know this.

Supercoin is a pow/pos separated coin with some lucky Super pos block, then everybody will want to open their Supercoin Wallet for super block which can accelerate the transfer confirmation. so supercoin has a very fast confirmation, 6 confirmation less than 2 minutes, it's super fast.
But if you also involve in XC coin Community, you will know XC has a very very slow transfer confirmation, some time it may take 1 hours to get 6 confirmation. because XC coin has a very low Pos Rate(3.33%,but good for price)and some shortcomings on their POS  mechanism.
Supercoin are also also developing Anon Wallet, and has released the alpha Version for public test. it's a big thing. if you innove in altcoin more than 1 years, you will Know Anon feature is hard to accomplished. That's the reason why darkcoin and XC coin still only have a test Anon Wallet. As i know (maybe i am wrong), only Darkcoin and XC coin and Supercoin has a Anon Wallet now(not included Cryptonote technology coin, such as bytecoin or XMR). So that's prove we really has a professional and high-level dev team.

2 Which factors influence the Altcoin price?
Truly, demand decides price in free market. but for Altcoin, mainly 2 things influence the Altcoin price.(i posted this before)
 First is coin inflation, because everyday if we have 0.3 Million supercoin, if the price hit 10K satoshi, you will need 30BTC buying support, that's ok with current circumstances, but if the price hit 100K satoshi, you will need 300BTC support everyday, so it's impossible for nowdays coin, that's the reason why Dark and XC and VRC coin has very low inflation(that's also lead they have a much higher price than Supercoin).
 Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit. and because i am running the 2 biggest Multipool in China,(more than 100G scrypt and X11 hash rate) i know exactly how Multipool works, everyminus Multipool will detect the all coin listed on all exchange platform(if they have a open api), then based the advanced profit Algorithm, they will decide to mine which coin, then they will mine it and dump it ASAP for bitcoins, because they must pay miner bitcoin everyday. otherwise miner will leave, also if miner can not get more profit than mining LTC, miner will also leave, because they can mine LTC instead. From my observe, at the recent 3 days, mining Supercoin is the most profitable thing, it have at least 50% premium than just mining LTC coin. so why not mining Supercoin and then dump it ASAP? it's really a good business for profit!but it's a disaster for Supercoin price.

3 Why same concept Anon coin has much higher price than Supercoin?

Dark price is 0.017BTC (4,387,505 DRK)
XC price is 0.0015BTC (5,512,780 XC)
Vericoin Price is 0.00011BTC (26,768,365 VRC)
Supercoin price is 0.00002995BTC (11,811,810 SUPER)

i do not want to say more, from these statistics, you can make your decision.

4 Price prior or Development affairs prior?
Guys, we are not at 2011,which we has less than 10 Altcoins, we are in 2014,, we have more than 333 Altcoins on coinmarketcap. even bitcoin, if the price keep dropping, most of people will leave. Further more, if the price is higher, then we maybe stable later, we will draw more resource for long term development, it’s a really good thing. that's why dark and XC can not be defeatd easily. Nowdays, innovations need more resource Support.

5 What does mining means for Altcoin?
Now we have the POS algorithm, even without mining, the network is secure. mining is just a way for coin distribution and not very environmentally friendly,do you know how many electricity been wasted by mining bitcoin? Bitcoin Mining Uses $15 Million's Worth Of Electricity Every ...i do believe if satoshi has a better way to distribute bitcoin, he will not choose mining method.

6 what does Multipool does everyday?
i am running some Multipool, i know it. Multipool is vampire. they will bleed white everycoin's profit until they turn to mining LTC again.

7 Should we reduce the block reward more quickly?

i have proposed 2 times to reduce the block reward.
First time, i post this
DEV we need quick Halves, other wise Multipool will keep dumping their coins until pow period ends...


you can also check dark thread, at first the reward is 500coin then reduce to 25 coins after they realised the Multipool dumping.

similar thing happened with XC coin. they ends their mining period soon after they realized Multipool keep dumping

Further more, POS mining is a more greener  way for coin distribution, it do not need GPU cards and waste electricity!

what's the meaning of pow period?

Halves block reward to 64 coins, Please..

I understand your point and concerns, and we will seriously consider your proposal. We know this is what happened to XC and other coins. We will protect the best of our community's interests against multipools. The Supercoin dev team will make a decision on this matter. Thank you for your great support to us.

Dev,Thank you very much! that's the reason:

thanks for your quick reply dev.
i have engaged with altcoin more than one years, have seen so many good coins just killed by Multipool.
i do hope supercoin has a bright future, because we are super!

From my altcoin experience, there are 2 things are really bad for altcoin.

First is coin inflation, because everyday if we have 0.3 Million supercoin, if the price hit 10K satoshi, you will need 30BTC buying support, that's ok with current circumstances, but if the price hit 100K satoshi, you will need 300BTC support everyday, so it's impossible for nowdays coin, that's the reason why dark and XC and VRC coin has very low inflation. i also hope supercoin has a lower inflation.

Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit.

so based the two reasons, i would like to advice to reduce the block reward more quickly and keep the total amount fixed or also can reduce the total amount. otherwise the price is not maintainable.

so how about reduce the block reward every week and at some point keep it at a low block reward?

so now we have 512 coin block reward,
512--》256--》128--》64 ends (4 weeks)
or
512--》256--》128--》64--》32 ends.(Multipool will not profitable any more and keep lower inflation also small miner will mine this coin)(5 weeks)

if we have a lower block reward, people would keep their coin for pos mining, it‘s a better and greener way for coin distributing than Multipool control the coin supply.

But it seems dev are more mild on reduce block, i am more radical. Dev decide to reduce block more quickly, but choose to halves every 10day, at first the halve is every 45 days. After this Announcement, the price rise from 1k satoshi to 4ksatoshi.

Second time i posted this 2days ago:


Community can vote for weather to reduce block reward more quickly.

i do advice Supercoin can update source code again tomorrow, and reduce the block reward to 64 Supercoin or 32 Supercoin directly and then halves everyweek, until we reach 2coin or 1coin block reward, then we can end the pow and turn to a pure pos coin.

we do not need to suffer another 1 month Multipool dumping.or it may kill the young and promising Supercoin

Community can discuss this issue.

it seems both Darkcoin and XC coin make successive update to face Multipool's dumping, we may also need to make a tough decision again.

Thank you very much. welcome any comments on this advice, good or bad? Dev and Community together make a decision for a better Supercoin!


Also dev is very busying at Anon Wallet test on sunday, if we can reduce block reward first, we can put off another two days for Anon Wallet test, i believe Community will Support this.
Thanks for your Support.

But dev are too busy to test the Anon Wallet, so they do not take further action on this.

8 is it unfair to reduce blockreward again? or any risk?

even you are a miner mining Supercoin now, it‘s unfair for you, because you can not get many Supercoins with Multipool control the more than 80% everyday's coin supply, also Multipool keep dumping, the price will go lower and lower, you mining Supercoin may can not afford your mining cost now. is that fair for you?
if you are a Supercoin investor, it is truly unfair for your investment, because Multipool take the most part profit on all Altcoins. you investment wroth less everyday. it's unfair.
if you want to join Supercoin Community, it’s unfair for you to buy a coin and that coin price goes lower later.

risk: if we can handle this correctly, it may not take risk on Supercoin development, because many Altcoin update their source code several times, such as Darkcoin and XC coin.

9 Further development plan advice?

0 decentralized Anon system and trustless mixer
1 more application on Supercoin
2 Mobil basd payment system
3 Merchant adoption
4 media report
5 grow Community
6 keep adding new function on Supercoin
7 charity Fund

Thanks.
supercointeam
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June 16, 2014, 04:30:53 AM
 #2253

Supercoin Version 1.2 a mandatory upgrade,
mining pools and exchanges please upgrade as soon as possible


Download V.1.2: http://www.super-coin.net/SuperCoin12.zip
Download2 V.1.2: https://mega.co.nz/#!EoJAURQZ!Mn-vb1gXBNbdAQzYsqUKIcjq8PXGRsRu15_-L0riQFo

Mac download 1.2: https://www.dropbox.com/s/ifkn9y2rnfeppep/SuperCoin-Qt-MacOSX-v1.2.zip

updated source: https://github.com/supercoinproject/supercoin
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June 16, 2014, 04:32:26 AM
 #2254

Supercoin Version 1.2 a mandatory upgrade,
mining pools and exchanges please upgrade as soon as possible


Download V.1.2: http://www.super-coin.net/SuperCoin12.zip
Download2 V.1.2: https://mega.co.nz/#!EoJAURQZ!Mn-vb1gXBNbdAQzYsqUKIcjq8PXGRsRu15_-L0riQFo

Mac download 1.2: https://www.dropbox.com/s/ifkn9y2rnfeppep/SuperCoin-Qt-MacOSX-v1.2.zip

updated source: https://github.com/supercoinproject/supercoin

Yes upgraded
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June 16, 2014, 04:40:57 AM
 #2255

@jakimanboy is out there takin' care of business on twitter \m/

Thanks for noticing. Grin Grin Grin

I just wanted to inform the really big twitter members (some with like 8000+ followers) that it was a false alarm yesterday.
Most people do not read the post and just reads tweets with a short fud such as "supercoin has 100 million extra premine!"

You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
Rage19420
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June 16, 2014, 04:46:04 AM
 #2256

@jakimanboy is out there takin' care of business on twitter \m/

Thanks for noticing. Grin Grin Grin

I just wanted to inform the really big twitter members (some with like 8000+ followers) that it was false alarm yesterday.
Most people do not read the post and just reads tweets with a short fud such as "supercoin has 100 million extra premine!"

Yeah, that seriously was disastrous. If this happen in the securities trading world, polo would be serous trouble and up to their elbows in lawsuits. But alas this is the crazy world of crypto.
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June 16, 2014, 04:54:35 AM
 #2257

ending PoW early to pump the price is a scam in itself.

Only people with huge amounts of coins are screaming for the PoW mining to end early. This reminds me of the DRK reward reduction scam.

you guys can't even stick to the plans you have laid out for yourselves, that is sad and pathetic.
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June 16, 2014, 05:03:48 AM
 #2258

ending PoW early to pump the price is a scam in itself.

Only people with huge amounts of coins are screaming for the PoW mining to end early. This reminds me of the DRK reward reduction scam.

you guys can't even stick to the plans you have laid out for yourselves, that is sad and pathetic.

I wasn't one of those who were requesting for shorter PoW but...
I do believe that the coin should be able to adapt if it needs to.

Unlike many other popular PoW to PoS coins, supercoin has had a far longer PoW period already.
Meanwhile, the constant multipool dumps increased distribution for new buyers to buy some coins.

BTW, dev actually took a very conservative approach as PoW still ends in about 10 weeks time.
For the next few block reward halving, it will still be good enough for new miners to get some coins.

You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
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June 16, 2014, 05:07:35 AM
 #2259

ending PoW early to pump the price is a scam in itself.

Only people with huge amounts of coins are screaming for the PoW mining to end early. This reminds me of the DRK reward reduction scam.

you guys can't even stick to the plans you have laid out for yourselves, that is sad and pathetic.

8 is it unfair to reduce blockreward again? or any risk?

even you are a miner mining Supercoin now, it‘s unfair for you, because you can not get many Supercoins with Multipool control the more than 80% everyday's coin supply, also Multipool keep dumping, the price will go lower and lower, you mining Supercoin may can not afford your mining cost now. is that fair for you?
if you are a Supercoin investor, it is truly unfair for your investment, because Multipool take the most part profit on all Altcoins. you investment wroth less everyday. it's unfair.
if you want to join Supercoin Community, it’s unfair for you to buy a coin and that coin price goes lower later.

risk: if we can handle this correctly, it may not take risk on Supercoin development, because many Altcoin update their source code several times, such as Darkcoin and XC coin.
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June 16, 2014, 05:08:09 AM
 #2260

ending PoW early to pump the price is a scam in itself.

Only people with huge amounts of coins are screaming for the PoW mining to end early. This reminds me of the DRK reward reduction scam.

you guys can't even stick to the plans you have laid out for yourselves, that is sad and pathetic.

I wasn't one of those who were requesting for shorter PoW but...
I do believe that the coin should be able to adapt if it needs to.

Unlike many other popular PoW to PoS coins, supercoin has had a far longer PoW period already.
Meanwhile, the constant multipool dumps increased distribution for new buyers to buy some coins.

BTW, dev actually took a very conservative approach as PoW still ends in about 10 weeks time.
For the next few block reward halving, it will still be good enough for new miners to get some coins.

better before price drop under 1k satoshi again.
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