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Author Topic: [ANN][SUPERCOIN]First P2p Decentralized Trustless Anonymous Wallet Coming Soon  (Read 466175 times)
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June 18, 2014, 12:50:43 PM
 #2721

If there is any recommended pools you aware of, let us know, so we can get in touch with them.

Click here-enjoy-Pirate-coin:PgxQGHEWtDMTSaAdwpwXoWwLGm6tqZNEgm
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June 18, 2014, 12:52:05 PM
 #2722

If there is any recommended pools you aware of, let us know, so we can get in touch with them.

you want to mine supercoin or want to tell Multipool not to mine Supercoin?
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June 18, 2014, 12:54:25 PM
 #2723

Don't cut the PoW. Stick to the original plan. So what if multipools control the supply. They control the hashrate. Its only fair. If anything, this still allows people to get a position in now who might otherwise be late to the game.

You don't need to cut PoW or cut the PoS rate. It would be greedy to do so. It would be as bad as DRK instamining then cutting the block reward. You don't want that kind of stench hanging around your coin trust me. the dev isn't here to cater to early adoptors screaming "cut the PoW". You are basically saying " I have a ton of Supercoin now, please cut the supply so my coins are worth more and I can get rich".

It doesn't work that way. If Supercoindev does cut PoW or lower the PoS rate, its an outright scam.

Supercoin is trading steady. good volume. It doesn't matter how many coins exist. The market will price the true value of Supercoin.

Reducing PoW immediately is unfair. What i felt was a good balance was stopping PoW after the next 3 block reward halving. (~25 days)
This means that PoW count will drop from 18.2 million to about 16 million. Not a huge drop but at least we won't suffer multipool dumps.
We could also drop PoS inflation also. Reducing PoS % rate will make super blocks feel even more special.
But it's really up to the dev. Also, 2 hard forks so close to each other isn't good. So it shouldn't be rushed.

Block reward halving happens in about 24 hours now.
So let's all first see how it goes after that shall we? Wink

You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
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June 18, 2014, 01:07:58 PM
 #2724

Don't cut the PoW. Stick to the original plan. So what if multipools control the supply. They control the hashrate. Its only fair. If anything, this still allows people to get a position in now who might otherwise be late to the game.

You don't need to cut PoW or cut the PoS rate. It would be greedy to do so. It would be as bad as DRK instamining then cutting the block reward. You don't want that kind of stench hanging around your coin trust me. the dev isn't here to cater to early adoptors screaming "cut the PoW". You are basically saying " I have a ton of Supercoin now, please cut the supply so my coins are worth more and I can get rich".

It doesn't work that way. If Supercoindev does cut PoW or lower the PoS rate, its an outright scam.

Supercoin is trading steady. good volume. It doesn't matter how many coins exist. The market will price the true value of Supercoin.

Reducing PoW immediately is unfair. What i felt was a good balance was stopping PoW after the next 3 block reward halving. (~25 days)
This means that PoW count will drop from 18.2 million to about 16 million. Not a huge drop but at least we won't suffer multipool dumps.
We could also drop PoS inflation also. Reducing PoS % rate will make super blocks feel even more special.
But it's really up to the dev. Also, 2 hard forks so close to each other isn't good. So it shouldn't be rushed.

Block reward halving happens in about 24 hours now.
So let's all first see how it goes after that shall we? Wink

Without Multipool dump, it's really good for Supercoin. but what i can say is that i run some Multipools, i know if mining Supercoin is profitable, even we reduce the block reward, we may need to suffer Another 20 days dump.

so best is cut the pow directly and turn the left pow coin to pos coin. it fair to everyone.

if you think this is unfair, tell me the reason?
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June 18, 2014, 01:13:00 PM
 #2725

Is this multipool dump you guys are talking about being automated ? for what amounts does it sell each time then and how often ?
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June 18, 2014, 01:15:09 PM
 #2726

After the first half, this coin will probably rise up in price a few thousand sats then sit steady again until the next halve.

If PoW ends at the same time Anon is officially released, this coin will take off faster than Clark Kent whenever Lois Lane is in trouble.
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June 18, 2014, 01:19:40 PM
 #2727

After the first half, this coin will probably rise up in price a few thousand sats then sit steady again until the next halve.

If PoW ends at the same time Anon is officially released, this coin will take off faster than Clark Kent whenever Lois Lane is in trouble.

lol. Supercoin will warp time by spinning the earth so fast if PoW is shortened. If not, it'll just be a more comfortable ride up. Grin

You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
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June 18, 2014, 01:20:15 PM
 #2728

Is this multipool dump you guys are talking about being automated ? for what amounts does it sell each time then and how often ?

They will dump ASAP when their mined coin get confirmed.
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June 18, 2014, 01:22:32 PM
 #2729

Is this multipool dump you guys are talking about being automated ? for what amounts does it sell each time then and how often ?
Yes it's automated. If I understand correctly, multipools mine the most profitable altcoins then immediately convert them to BTC then pay them out. I'd say they dump around 10-30k coins at a time, eating up all of the top Buy orders. This artificially deflates the value of the coin because the true value is in it's innovation, something that multipools have no interest in.
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June 18, 2014, 01:22:32 PM
 #2730

After the first half, this coin will probably rise up in price a few thousand sats then sit steady again until the next halve.

If PoW ends at the same time Anon is officially released, this coin will take off faster than Clark Kent whenever Lois Lane is in trouble.

lol. Supercoin will warp time by spinning the earth so fast if PoW is shortened. If not, it'll just be a more comfortable ride up. Grin

No need to shorten the pow, just put all the left pow coin to pos phase, it's fair to everyone.
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June 18, 2014, 01:23:22 PM
 #2731

Is this multipool dump you guys are talking about being automated ? for what amounts does it sell each time then and how often ?
Yes it's automated. If I understand correctly, some multipools mine the most profitable altcoins then immediate convert them to BTC then pay them out. I'd say they dump around 10-30k coins at a time, eating up all of the top Buy orders. This artificially deflates the value of the coin because the true value is in it's innovation, something that multipools have no interest in.

Multipool is vampire...i know them.
tokyoghetto
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June 18, 2014, 01:25:57 PM
 #2732

Its unfair because Devs are not central bankers.

The developer sets the network. network should be allowed to run its course. If prices drop, devs shouldn't be allowed to cut supply. You might ask yourself why but let me ask you this. If prices were to to rocket to the moon, should the dev be allowed to increase supply?

If your answer is no to increasing supply, then the answer should be no to cutting supply.

It becomes a scam when you tell people "yes there will be 12 million coins over 1 year" then turn around 3 months later and say "just kidding, we are cutting suppy at 3 million". This would force a liquidity squeeze, send the price higher and reward early adopters.  

But that is exactly what you want right? Cut the supply after you have had your fill of coins and artificially pump the price? Sorry man. You argument for cutting supply hold no weight. So what if multipools sell coins at market? They control the hashrate, they earn those coins fair and square. If you want to compete with them, get yourself enough hashrate, mine supercoin and hoard them.

If multipools are mining supercoin and dumping, then clearly the price is too high and liquidity needs to be injected. I welcome multipools because if I am trying to buy big blocks of coins, why should I be forced to pay a higher price? This is were multipools are a godsend. while everyone is hoarding, multipools are liquidity providers. They will sell to me. Amazing.

I can provide more points but this should suffice. Its becoming clear that you only care about the price going higher. the only time PoW or PoS should be cut is when there was a clear error in the development of the coin. Two examples would be CENT and NINJA. Clear coding errors that hyper-inflated and ultimately killed the coins. Supercoin is not suffering from that so I don't see any problems with the way things are right now.
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June 18, 2014, 01:28:31 PM
 #2733

Any info on our dev's talk with polo?
I don't have any answer yet, their investigation should be continuing.
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June 18, 2014, 01:28:37 PM
 #2734

Is this multipool dump you guys are talking about being automated ? for what amounts does it sell each time then and how often ?
Yes it's automated. If I understand correctly, multipools mine the most profitable altcoins then immediately convert them to BTC then pay them out. I'd say they dump around 10-30k coins at a time, eating up all of the top Buy orders. This artificially deflates the value of the coin because the true value is in it's innovation, something that multipools have no interest in.

wrong. The value of a network is in its current market value, determined by price on an open exchange. Innovation has nothing to do with it.

Its not artificial because open exchanges are driven by supply and demand. If demand is high, multipools mine "the most profitable coin" and match the demand with supply.

Thi is a good thing.
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June 18, 2014, 01:31:09 PM
 #2735

UPDATE!

Supercoin Android price ticker
- Logo changed!
Go to Android Play store to download

Sincerely,

Wiskunde
Thank you.
zuyfg888
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June 18, 2014, 01:32:24 PM
 #2736

Its unfair because Devs are not central bankers.

The developer sets the network. network should be allowed to run its course. If prices drop, devs shouldn't be allowed to cut supply. You might ask yourself why but let me ask you this. If prices were to to rocket to the moon, should the dev be allowed to increase supply?

If your answer is no to increasing supply, then the answer should be no to cutting supply.

It becomes a scam when you tell people "yes there will be 12 million coins over 1 year" then turn around 3 months later and say "just kidding, we are cutting suppy at 3 million". This would force a liquidity squeeze, send the price higher and reward early adopters.  

But that is exactly what you want right? Cut the supply after you have had your fill of coins and artificially pump the price? Sorry man. You argument for cutting supply hold no weight. So what if multipools sell coins at market? They control the hashrate, they earn those coins fair and square. If you want to compete with them, get yourself enough hashrate, mine supercoin and hoard them.

If multipools are mining supercoin and dumping, then clearly the price is too high and liquidity needs to be injected. I welcome multipools because if I am trying to buy big blocks of coins, why should I be forced to pay a higher price? This is were multipools are a godsend. while everyone is hoarding, multipools are liquidity providers. They will sell to me. Amazing.

I can provide more points but this should suffice. Its becoming clear that you only care about the price going higher. the only time PoW or PoS should be cut is when there was a clear error in the development of the coin. Two examples would be CENT and NINJA. Clear coding errors that hyper-inflated and ultimately killed the coins. Supercoin is not suffering from that so I don't see any problems with the way things are right now.
I agree with your point of view, and CRYPT can continue mining at present, we should consider to reduce inflation.
XC      3.33%
CRYPT 2.75%
Super  100%???WTF!!!

We should reduce to
- 1st year:  10%
- 2nd year: 5%
- 3rd and subsequent years: 1% ;

Thanks dev.

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jakiman
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June 18, 2014, 01:35:47 PM
 #2737

If multipools are mining supercoin and dumping, then clearly the price is too high and liquidity needs to be injected. I welcome multipools because if I am trying to buy big blocks of coins, why should I be forced to pay a higher price? This is were multipools are a godsend. while everyone is hoarding, multipools are liquidity providers. They will sell to me. Amazing.

+1 I agree with you there. Thanks to multipool, I was able to buy more today at lower than asking price.

You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
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June 18, 2014, 01:38:30 PM
 #2738

Its unfair because Devs are not central bankers.

The developer sets the network. network should be allowed to run its course. If prices drop, devs shouldn't be allowed to cut supply. You might ask yourself why but let me ask you this. If prices were to to rocket to the moon, should the dev be allowed to increase supply?

If your answer is no to increasing supply, then the answer should be no to cutting supply.

It becomes a scam when you tell people "yes there will be 12 million coins over 1 year" then turn around 3 months later and say "just kidding, we are cutting suppy at 3 million". This would force a liquidity squeeze, send the price higher and reward early adopters.  

But that is exactly what you want right? Cut the supply after you have had your fill of coins and artificially pump the price? Sorry man. You argument for cutting supply hold no weight. So what if multipools sell coins at market? They control the hashrate, they earn those coins fair and square. If you want to compete with them, get yourself enough hashrate, mine supercoin and hoard them.

If multipools are mining supercoin and dumping, then clearly the price is too high and liquidity needs to be injected. I welcome multipools because if I am trying to buy big blocks of coins, why should I be forced to pay a higher price? This is were multipools are a godsend. while everyone is hoarding, multipools are liquidity providers. They will sell to me. Amazing.

I can provide more points but this should suffice. Its becoming clear that you only care about the price going higher. the only time PoW or PoS should be cut is when there was a clear error in the development of the coin. Two examples would be CENT and NINJA. Clear coding errors that hyper-inflated and ultimately killed the coins. Supercoin is not suffering from that so I don't see any problems with the way things are right now.
I agree with your point of view, and CRYPT can continue mining at present, we should consider to reduce inflation.
XC      3.33%
CRYPT 2.75%
Super  100%???WTF!!!

We should reduce to
- 1st year:  10%
- 2nd year: 5%
- 3rd and subsequent years: 1% ;

Thanks dev.

wrong. HBN/PHS/TEK have already proven that high interest doesn't have a negative effect on price. Sunny King, the developer of PPC and the innovator of PoS, has already said that 1% is too low. You need high interest to continue the supply. A currency needs to be stable in supply and demand. If not then it becomes a commodity.

Your reduction schedule doesn't make sense. Why 10% then 5%. Why every 12 Months? Seems like you just copied everyone else, who is copying everyone else.

 I say we make it to 50% a month. Well because I feel like it should be. now you see how stupid that sounds. This is how people sound when they say "ohh 100% its too high lets make it 1%". Its because they feel like it and nothing more.

Also, high interest protects investors. If the price drops, then they can hold longer, stake more coins and get a better chance to get to break even. Without that opportunity, then when price drops, investors just dump and move on.

Like I said about cutting PoW supply, will apply to PoS reduction. The dev is not a central banker. if is starts acting like one, it defeats the whole purpose of having a trust-less network.

he should leave everything as is.
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June 18, 2014, 01:42:30 PM
 #2739

I agree with your point of view, and CRYPT can continue mining at present, we should consider to reduce inflation.
XC      3.33%
CRYPT 2.75%
Super  100%???WTF!!!

We should reduce to
- 1st year:  10%
- 2nd year: 5%
- 3rd and subsequent years: 1% ;

Thanks dev.

No, PoS is OK as it is. There is no need to reduce it. Listen to tokyoghetto:

You don't need to cut PoW or cut the PoS rate. It would be greedy to do so. It would be as bad as DRK instamining then cutting the block reward. You don't want that kind of stench hanging around your coin trust me. the dev isn't here to cater to early adoptors screaming "cut the PoW". You are basically saying " I have a ton of Supercoin now, please cut the supply so my coins are worth more and I can get rich".

It doesn't work that way. If Supercoindev does cut PoW or lower the PoS rate, its an outright scam.

Supercoin is trading steady. good volume. It doesn't matter how many coins exist. The market will price the true value of Supercoin.

BTC: 13GtfEPpEiq6jGCFJGCXAUVDehCFVvTaov
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June 18, 2014, 01:43:26 PM
 #2740

wrong. The value of a network is in its current market value, determined by price on an open exchange. Innovation has nothing to do with it.

Its not artificial because open exchanges are driven by supply and demand. If demand is high, multipools mine "the most profitable coin" and match the demand with supply.

Thi is a good thing.
I see what you're saying. My point is that the perceived value of the coin is down because of the MP dumps. Not everyone is privy to them, as you can tell. A lot just see the price and assume the worst.

MPs don't keep up with coin development, all they look at is if it will pay out the most BTC at the time. Once a halve hits, we'll see a price jump, then it'll level out again. Once the dumps are out of the picture, however, then the market will value the coins for what it's really meant to be for the future, just like the other, comparable coins.

MP dumps are like government fiat banker bailouts, inflating the market with more currency for a quick buck for the bankers at everyone else's expense. At least we know that PoW will be over soon enough!

That said, ultimately I trust where the SuperCoin devs decide to go with it. It looks like they know what they're doing.
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