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Author Topic: [ANN][SUPERCOIN]First P2p Decentralized Trustless Anonymous Wallet Coming Soon  (Read 465684 times)
bitcoinwonders010
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June 16, 2014, 08:49:39 AM
 #2341

Lets stop all pow coins directly and make them pos! Bitcoin, Litecoin, Peercoin, and all others. That would be great!

Peercoin is PoS. Litecoin has gone steadily down since the beginning of the year.

And you are left with Bitcoin, which is the reference for the others.

Which leaves you with....NOTHING.


Case remains the same or not? All coins should stop pow fase according to bagholders.

People shouldnt support too high prices, but they do. Each and every "trader" or "buy and holder" has made the mistake. You can learn from it, or go on with it...

VRC has no working anon function, coins 26million coins yet it reached 28000 sats, current price around 11k, after POW we will have 18million, poloniex has obviously caused this drop. we only want POW to end so the rise can be sustained to higher levels. ofcourse when pow ends it shall rise again, but that is some time away.

coin is awesome, but id like sustained growth. VRC having 26million coins and being at 11k, shows how big of a opportunity it is. if it wasn't for poloniex we would be above 20k sats now. im hoping when busoni says we made a mistake and add super coin, people will start to pile in as we have a working anon function
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June 16, 2014, 08:50:41 AM
 #2342

What are you trying to say? You think it has something to do with the chart?

Per definition its better to stop pow, for the bagholders, or not?

You claim it is not good to be a bagholder for a PoW coin. That is equivalent to saying "don't invest in a PoW coin".

If people shouldn't own a coin, what is the purpose of the coin?

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June 16, 2014, 08:51:18 AM
 #2343

People shouldnt support too high prices, but they do. Each and every "trader" or "buy and holder" has made the mistake. You can learn from it, or go on with it...

Your advice is to not invest in any PoW coin then.  Cheesy

Very wise indeed.


Hehe, you turn over my words. You can support pow, but every thing has his price wise man Wink. Most of you cant put a buyorder and wait till its filled. All greedy.

If you bought super at 50/100 sat, 1000 sat is still a lot. But you all think the sky is the limit.

Conscia mens recti, famae mendacia ridet.
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June 16, 2014, 08:51:24 AM
 #2344

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.

Thanks for taking the time to write this post, it is both insightful and very informative.

It's always interesting to get different peoples perspectives, especially those who have a lot of experience in the altcoin world and are active in a space that is completely different to what I do.

Much respect!

Thanks
supercointeam
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June 16, 2014, 08:53:07 AM
 #2345

Announcement

You can find on Play store my Supercoin price ticker Android app.

The app can be found within two hours(dependent on Google Play) on Google Play store by searching on the following:
- SUPER price
- SUPER price ticker
- Supercoin price
- Supercoin price ticker
- Price ticker

Or by going to the link: https://play.google.com/store/apps/details?id=nl.wiskunde.supercoin&hl=nl

My Supercoin donation address: SUrSKNEFPsWydQxzR6tRosSNeYyVZnWd8u

Sincerely,

Wiskunde

Twitter: https://twitter.com/@WISKUNDESTUDENT

Supercoin(SUPER) price ticker is online! Go to Android Play store to download!

There is a problem with Google Play.

I will temporarely upload the file to: "https://drive.google.com/folderview?id=0B6Zzbdlv_sKuS1FIN3F4YlgxUjA&usp=drive_web"

When the problem is fixed. I will delete the link.

Sincerely,

Wiskunde
Google has fixed the problem.

Supercoin price ticker Android app is now downloadable via Google Play.

Sincerely,

Wiskunde

Thank you! It's good.
bitcoinwonders010
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June 16, 2014, 08:53:29 AM
 #2346

once busoni has released statement, i think we should see it rise to new levels, if dev doesn't want to remove POW thats cool, it will just take a little longer, but i think 11k can be sustained, once this poloniex drama is over
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June 16, 2014, 08:54:43 AM
 #2347

People shouldnt support too high prices, but they do. Each and every "trader" or "buy and holder" has made the mistake. You can learn from it, or go on with it...

Your advice is to not invest in any PoW coin then.  Cheesy

Very wise indeed.


Hehe, you turn over my words. You can support pow, but every thing has his price wise man Wink. Most of you cant put a buyorder and wait till its filled. All greedy.

What is your motivation to continue PoW? Greed or ideology?


█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████     ███     ███    ██     █    █
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bitcoinwonders010
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June 16, 2014, 08:55:44 AM
 #2348

once investors get the all clear from poloniex then it should get interesting here, these levels will not be seen again. what pissing me off is why he is taking so long
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June 16, 2014, 08:55:48 AM
 #2349

once busoni has released statement, i think we should see it rise to new levels, if dev doesn't want to remove POW thats cool, it will just take a little longer, but i think 11k can be sustained, once this poloniex drama is over

Exactly. If everything is good, price will increase.


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June 16, 2014, 08:56:54 AM
 #2350

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.


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, 09:01:19 AM
 #2351

People shouldnt support too high prices, but they do. Each and every "trader" or "buy and holder" has made the mistake. You can learn from it, or go on with it...

Your advice is to not invest in any PoW coin then.  Cheesy

Very wise indeed.


Hehe, you turn over my words. You can support pow, but every thing has his price wise man Wink. Most of you cant put a buyorder and wait till its filled. All greedy.

What is your motivation to continue PoW? Greed or ideology?



Because its announced since the beginning, since the beginning people anticipate on it?

You should watch from two sides: what do you think the early sellers would think? They sell coins based on their expectations regarding the information they have.  If there are 150m coins, you need less money than in the case of 50m coins. Very simple.

You cant blame the pow rewards because you pay too much too early... Only people who have reason to blame are the mislead early sellers, since nobody pays them for the "loss" Wink

Conscia mens recti, famae mendacia ridet.
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June 16, 2014, 09:01:26 AM
 #2352


Poloniex drama is over, not is the problem. This coin has lost the momentum . Tomorrow we will see prices below 1k

 
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June 16, 2014, 09:01:52 AM
 #2353

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.

It's clear that the model and motivation for supercoin came from Dark and XC, so it would only be natural to take this lesson as well.

█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████     ███     ███    ██     █    █
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June 16, 2014, 09:03:48 AM
 #2354

You cant blame the pow rewards because you pay too much too early... Only people who have reason to blame are the mislead early sellers, since nobody pays them for the "loss" Wink

So the devs have a responsibility to those who have sold the coin and have no further interest in it?

Do we also have a responsibility to the people of Pompei, to protect them from volcanoes?  Cheesy

█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████     ███     ███    ██     █    █
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June 16, 2014, 09:04:14 AM
 #2355

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.

It's clear that the model and motivation for supercoin came from Dark and XC, so it would only be natural to take this lesson as well.


i agree with you. and i agree to reduce block reward more quickly,  to 16 Block reward directly or cut the pow and turn to a pos coin directly!
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June 16, 2014, 09:04:24 AM
 #2356

buying now is a absolute no brainer, everybody ask yourself, if it wasn't for poloniex where would the price be right now. the POW phase would have only slowed growth not stopped it, remember XC rose from 1700 sats too 100k before pow phase went out. our floor should be 4000, on poloniex news, 10k plus is a must, that can easily be sustained, with block halving coming
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June 16, 2014, 09:05:51 AM
 #2357

People shouldnt support too high prices, but they do. Each and every "trader" or "buy and holder" has made the mistake. You can learn from it, or go on with it...

Your advice is to not invest in any PoW coin then.  Cheesy

Very wise indeed.


Hehe, you turn over my words. You can support pow, but every thing has his price wise man Wink. Most of you cant put a buyorder and wait till its filled. All greedy.

What is your motivation to continue PoW? Greed or ideology?



Because its announced since the beginning, since the beginning people anticipate on it?

You should watch from two sides: what do you think the early sellers would think? They sell coins based on their expectations regarding the information they have.  If there are 150m coins, you need less money than in the case of 50m coins. Very simple.

You cant blame the pow rewards because you pay too much too early... Only people who have reason to blame are the mislead early sellers, since nobody pays them for the "loss" Wink

So the devs have a responsibility to those who have sold the coin and have no further interest in it?

Do we also have a responsibility to the people of Pompei, to protect them from volcanoes?  Cheesy


You are responsible for your own. Just don't pay 5000/8000sat for a coin that was sold for 40/100 sat a week earlyer. What do you expect Wink


Conscia mens recti, famae mendacia ridet.
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June 16, 2014, 09:06:48 AM
 #2358

Anybody can give me a reason why should not we reduce the block reward or cut the pow just like darkcoin or XC coin did this before?
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June 16, 2014, 09:07:39 AM
 #2359

abinito why are you not understanding the fall is not because of the quick rise, its because of poloniex. if poloniex didn't did what they did, it would have risen  much higher, the volume was 350btc, mintpal could have added us
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June 16, 2014, 09:07:46 AM
 #2360


You are responsible for your own. Just don't pay 5000/8000sat for a coin that was sold for 40/100 sat a week earlyer. What do you expect Wink


I get it, you enjoy rubbing in the losses of others.

But is there any other reason to continue PoW besides your own morbid amusement?

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