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trogdorjw73
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July 07, 2014, 04:36:29 PM |
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I did a bit of back-reading, looking at what happened the last time Piggycoin announced piggyweek.
It was interesting to see the market jump up from somewhere around 15 sat, to 120ish sat the following day, before eventually peaking around 250 sat during piggyweek announcements.
There's some serious gains to be made here I reckon, I'm surprised more people aren't starting to see this just yet.
Yes ... Im thinking we could take out the 250 high and possibly hit 500  Remind me to put my sell order in.... But seriously, the PoS interest bug is still hanging around after what, two weeks? And instead of fixing that, we're hearing about Piggyweek 2.0? I think the order of priorities is messed up here. Some are saying it's off by 100X, others say it's off by 10X. My own calculations suggest it's off by more than 10X, but how much more I'm not certain. And it does appear to be scaling according to some factor; look at these transactions. I moved all of my coins to a new address as a test; four days later a PoS block was mined, so after 4 days of staking the adjusted interest should be 0.1644%. For 212202 PIGGY that would be 348.8 PIGGY in interest, but what I received was only 0.82116963 PIGGY, so it was off by a factor of 425X! I've tried to find where the scaling is taking place but can't seem to locate anything. Regardless, this is messed up so bad that the only thing you're going to teach parents and kids trying to learn about cryptocurrencies is that the developers can't be trusted. If your spec sheet is wrong, or if the code implements the spec sheet incorrectly, this is a huge problem -- like Asiacoin and Whitecoin huge. But everyone here is drinking the Kool-Aid and patting themselves on the back for being so wise as to have bought/mined PIG/PIGGY. |
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trogdorjw73
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July 07, 2014, 04:51:32 PM |
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I did a bit of back-reading, looking at what happened the last time Piggycoin announced piggyweek.
It was interesting to see the market jump up from somewhere around 15 sat, to 120ish sat the following day, before eventually peaking around 250 sat during piggyweek announcements.
There's some serious gains to be made here I reckon, I'm surprised more people aren't starting to see this just yet.
Yes ... Im thinking we could take out the 250 high and possibly hit 500 Remind me to put my sell order in.... But seriously, the PoS interest bug is still hanging around after what, two weeks? And instead of fixing that, we're hearing about Piggyweek 2.0? I think the order of priorities is messed up here. Some are saying it's off by 100X, others say it's off by 10X. My own calculations suggest it's off by more than 10X, but how much more I'm not certain. And it does appear to be scaling according to some factor; look at these transactions. I moved all of my coins to a new address as a test; four days later a PoS block was mined, so after 4 days of staking the adjusted interest should be 0.1644%. For 212202 PIGGY that would be 348.8 PIGGY in interest, but what I received was only 0.82116963 PIGGY, so it was off by a factor of 425X! I've tried to find where the scaling is taking place but can't seem to locate anything. Regardless, this is messed up so bad that the only thing you're going to teach parents and kids trying to learn about cryptocurrencies is that the developers can't be trusted. If your spec sheet is wrong, or if the code implements the spec sheet incorrectly, this is a huge problem -- like Asiacoin and Whitecoin huge. But everyone here is drinking the Kool-Aid and patting themselves on the back for being so wise as to have bought/mined PIG/PIGGY. Just for fun, I looked up another address. This is currently the richest non-exchange address I can find. The balance is 14,093,671 PIGGY (nearly 3% of all PIGGY). On 7/6 there were 31 PoS blocks mined, worth a total of just 31.35016905 PIGGY, and it looks like the wallet was offline for a full day -- meaning the stake weight should have been two days, not one. Anyway, returns for just one day of staking on that wallet are 0.0000222% for the day, or 0.00812% for the year. That would be off by a factor of at least 185X, and doubled (for two days of staking) it would be off by 370X. Not good, dev; not good at all.... |
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T.Stuart
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July 07, 2014, 05:26:56 PM |
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Just for fun, I looked up another address. This is currently the richest non-exchange address I can find. The balance is 14,093,671 PIGGY (nearly 3% of all PIGGY). On 7/6 there were 31 PoS blocks mined, worth a total of just 31.35016905 PIGGY, and it looks like the wallet was offline for a full day -- meaning the stake weight should have been two days, not one. Anyway, returns for just one day of staking on that wallet are 0.0000222% for the day, or 0.00812% for the year. That would be off by a factor of at least 185X, and doubled (for two days of staking) it would be off by 370X. Not good, dev; not good at all.... For a post about interest, your message is not, er... how shall I put it... not very interesting!  |
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tomoto
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July 07, 2014, 05:39:22 PM |
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Dev i spoke with you about it on chat.
You need to communicate more about the coin and the projects.
Piggy week is a nice thing but you need to communicate others days than piggy week.
The wallet issue is really a big one, please solve it as soon as possible its more than 250 000 piggy lost for a month for me for example.
Lets see what will happen but piggy week need to be followed by more invest on this topic and more information.
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T.Stuart
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July 07, 2014, 05:51:52 PM |
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Dev i spoke with you about it on chat.
You need to communicate more about the coin and the projects.
Piggy week is a nice thing but you need to communicate others days than piggy week.
The wallet issue is really a big one, please solve it as soon as possible its more than 250 000 piggy lost for a month for me for example.
Lets see what will happen but piggy week need to be followed by more invest on this topic and more information.
I don't understand what everyone is getting at. We are all the same boat. The POS reduction is the same for us all - look at it the other way: the coins we have are becoming more valuable! Of course it needs to be fixed, but it's not such a big priority in my opinion. And it also requires a fork, if I understand correctly, which is quite a serious job to do. So take your time dev. I for one am really pleased to have found an altcoin with a genuine dev who does obviously work and is not just looking to make a fast buck. This is rare among cryptocurrencies, and it makes me feel secure. Thanks dev! |
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coinlighter
Member
 Offline
Activity: 118
Merit: 10
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July 07, 2014, 07:07:38 PM |
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Let's see the bright side of it.With this, piggy is the lowest POS reward coin here.It's a feature not a problem More coins mean more inflation and lower price. Each piggy is now more rarer than before (at least 50x more difficult to get it, than if it was 15% as stated). As I said earlier I'm consistently getting same amount of reward. I don't observe any anomaly with POS reward, just a very low reward, that's it. I don't mind, if it's stays as is.If they fix it that's great too. Either way, I'm ok with it. Regards |
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T.Stuart
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July 07, 2014, 07:27:12 PM |
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Either way, I'm ok with it.
Me too |
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piggycoin (OP)
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July 07, 2014, 07:33:45 PM |
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Let's see the bright side of it.With this, piggy is the lowest POS reward coin here.It's a feature not a problem More coins mean more inflation and lower price. Each piggy is now more rarer than before (at least 50x more difficult to get it, than if it was 15% as stated). As I said earlier I'm consistently getting same amount of reward. I don't observe any anomaly with POS reward, just a very low reward, that's it. I don't mind, if it's stays as is.If they fix it that's great too. Either way, I'm ok with it. Regards And the PoS reward is slowly getting bigger., I think the bug will make it 15% by the end of this year... Anyways, I'll try to communicate more  |
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n3lz0n
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July 08, 2014, 05:28:43 AM |
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my piggy coins are on the online wallet, when can I retrieve them please?
thanks.
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Go Bitcoin !!!!!!!!!!!
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cycoinminer
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July 08, 2014, 10:24:45 AM |
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my piggy coins are on the online wallet, when can I retrieve them please?
thanks.
The online wallet is being taken care of soon, from what I've read before - it shouldn't be long |
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abc2004
Newbie
Offline
Activity: 1
Merit: 0
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July 08, 2014, 10:54:13 AM |
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I have some old coins trapped in the wallet, to replace the new coins should be how to do， Can you help me please?
thanks!
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piggycoin (OP)
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July 08, 2014, 11:59:33 AM |
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I have some old coins trapped in the wallet, to replace the new coins should be how to do， Can you help me please?
thanks!
hey! Pm me when you have the time |
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cycoinminer
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July 08, 2014, 02:59:21 PM |
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just two days to go until #newpiggycoin squeak..... |
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tomoto
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July 08, 2014, 04:10:06 PM |
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Volume and price are growing each day more.
We are only at the begining, but one thing is sure buy now if you want to profit tomorrow, we are far away from the good market cap price.
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minerfool
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July 08, 2014, 05:02:13 PM |
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Let's see the bright side of it.With this, piggy is the lowest POS reward coin here.It's a feature not a problem More coins mean more inflation and lower price. Each piggy is now more rarer than before (at least 50x more difficult to get it, than if it was 15% as stated). As I said earlier I'm consistently getting same amount of reward. I don't observe any anomaly with POS reward, just a very low reward, that's it. I don't mind, if it's stays as is.If they fix it that's great too. Either way, I'm ok with it. Regards I agree with this, lower POS is better, but increasing it to 2% would be fine. The main point is, if this coin ever did get popular with kiddos, something like 2% would be enough for them to understand and appreciate. Let's work on getting the word out more. I think if we could somehow partner with an children's educational site and offer them PIGGY to give out to their users that would work best. |
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Colombina
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July 08, 2014, 09:27:32 PM |
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What does it mean "we will have one ANN per day for 4 days"?
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greentea
Legendary
Offline
Activity: 1418
Merit: 1002
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July 08, 2014, 11:04:47 PM |
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What does it mean "we will have one ANN per day for 4 days"?
It means each day there will be a new announcement about PIGGYCOIN ... so buckle up! |
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cycoinminer
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July 09, 2014, 07:07:46 AM
Last edit: July 09, 2014, 08:05:13 AM by cycoinminer |
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What does it mean "we will have one ANN per day for 4 days"?
It means each day there will be a new announcement about PIGGYCOIN ... so buckle up! Dev - any chance of a time, tomorrow, when the announcements are going to be made? Morning? Evening? Or is it random?? ? ?? There's a whole load of anticipation waiting in the winds around the world right now! |
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piggycoin (OP)
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July 09, 2014, 12:54:18 PM |
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What does it mean "we will have one ANN per day for 4 days"?
It means each day there will be a new announcement about PIGGYCOIN ... so buckle up! Dev - any chance of a time, tomorrow, when the announcements are going to be made? Morning? Evening? Or is it random?? ? ?? There's a whole load of anticipation waiting in the winds around the world right now! 8pm GMT |
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cycoinminer
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July 09, 2014, 01:17:04 PM |
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Dev - any chance of a time, tomorrow, when the announcements are going to be made? Morning? Evening? Or is it random?? ? ?? There's a whole load of anticipation waiting in the winds around the world right now! 8pm GMT [/quote] Excellent! There's been a good 20+ BTC traded in the last 24 hours or so, and it's only going to get crazier! Oink! |
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