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Question: Should we make changes in the IPO? If yes, how?
No. Do not change anything.
Yes. Change the price to 0.0003 BTC/MIL. Old investors get proportionately more MIL for their investment.
Yes. Change it so that the entire IPO coins are distributed proportionately among investors, i.e. Amount of MIL you receive = Your Investment/Total Investment * 195,000 MIL

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Author Topic: [ANN] Millionaire Coin (MIL) - Launched!  (Read 76019 times)
BBmodBB
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June 05, 2014, 06:00:50 AM


Id just hate for the miners to open up and dump like what happened to LCL.  hope this makes some sense. weird to me to have an ipo and a mining period.

That's what would really scare me about this coin. Even if it manages to hold its own pricewise, I'd be afraid of dumps. Even LCL was in the ballpark of ipo prices for a while, until miners really destroyed the coin.


miners is what makes a coin wtf kind of kool aid you drinking? =\

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millionairecoin
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June 05, 2014, 06:26:19 AM

Bumping to get the poll visible to max number of people.
Bitcoin_Mafia
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June 05, 2014, 11:33:10 AM

*BUMP* Let's get some more eyes on this!

foxkyu
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June 05, 2014, 12:34:34 PM

I'll keep my eye on this coin for IPO
I'll be Millionaire if a have Millionaire coin #LOL
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June 05, 2014, 01:33:16 PM

Looking forward to being in the millionaires club  Cool
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June 05, 2014, 03:22:20 PM

I love all new coin,,,I hope to be a millionare
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June 05, 2014, 03:42:34 PM

Yes 'll keep attention on that coin , I have high expectations that it will be a success

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June 05, 2014, 04:15:47 PM

Very interesting coin!  Grin
It appears that a lot of people are investing in the IPO on Poloniex.
Millionaire you say??
Alright then count me in!!  Grin Grin Grin
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June 05, 2014, 04:24:46 PM

how much must I invest to join?

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PRIMEDICE
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June 05, 2014, 05:59:47 PM

how much must I invest to join?

You can invest any amount. There is no minimum > https://poloniex.com/exchange/btc_mil

We are soon going to announce the changes to the IPO that will make it very profitable for the investors! Stay Tuned!
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June 05, 2014, 08:09:24 PM

Poloniex great exchange, nice idea Wink

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June 05, 2014, 08:54:56 PM
Last edit: June 05, 2014, 09:22:13 PM by millionairecoin

Ok so the poll results are:

Question: Should we make changes in the IPO? If yes, how?

No. Do not change anything. - 3 (11.1%)
Yes. Change the price to 0.0003 BTC/MIL. Old investors get proportionately more MIL for their investment. - 10 (37%)
Yes. Change it so that the entire IPO coins are distributed proportionately among investors, i.e. Amount of MIL you receive = Your Investment/Total Investment * 195,000 MIL - 14 (51.9%)
  
Total Voters: 27


Clearly the third option is the preferred one. Thus, we will be going with that!


So there is no fixed price for the IPO now. We will distribute all 195,000 MIL to all investors proportionately using the below formula:

Amount of MIL you receive = Your Investment/Total Investment * 195,000 MIL

The above method will be beneficial to the investors (Old and New) in a big way and we hope everyone will enjoy the free and fair, market decided, IPO price.
The price on poloniex will remain 0.000565 but there will be a notification on the MIL/BTC page confirming this method of IPO. So don't worry about that Smiley
qiwoman
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June 05, 2014, 09:22:57 PM

Ok so the poll results are:

Question: Should we make changes in the IPO? If yes, how?

No. Do not change anything. - 3 (11.1%)
Yes. Change the price to 0.0003 BTC/MIL. Old investors get proportionately more MIL for their investment. - 10 (37%)
Yes. Change it so that the entire IPO coins are distributed proportionately among investors, i.e. Amount of MIL you receive = Your Investment/Total Investment * 195,000 MIL - 14 (51.9%)
  
Total Voters: 27


Clearly the third option is the preferred one. Thus, we will be going with that!


So there is no fixed price for the IPO now. We will distribute all 195,000 MIL to all investors proportionately using the below formula:

Amount of MIL you receive = Your Investment/Total Investment * 195,000 MIL

The above method will be beneficial to the investors (Old and New) in a big way and we hope everyone will enjoy the free and fair, market decided, IPO price.
The price on poloniex will remain 0.000565 but there will be a notification on the MIL/BTC page confirming this method of IPO. So don't worry about that Smiley


WOW this is an excellent Idea..Thank you DEV for such a gracious modification as I invested nicely in your IPO from day 1. Smiley
millionairecoin
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June 05, 2014, 09:34:42 PM

Thank You! Please share this news as much as possible so that everyone gets an opportunity to buy some cheap MIL Smiley

Also note old investors are receiving proportionately more MIL for the same investment.
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June 05, 2014, 09:40:43 PM

Thank You! Please share this news as much as possible so that everyone gets an opportunity to buy some cheap MIL Smiley

Also note old investors are receiving proportionately more MIL for the same investment.


This is a better deal for old investors, but it's actually in their best interest not to share this news. I know it sounds weird, but the more people that invest now, the less coins for current investors, seeing as it will be a proportional split with none destroyed.
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June 05, 2014, 09:57:38 PM


Id just hate for the miners to open up and dump like what happened to LCL.  hope this makes some sense. weird to me to have an ipo and a mining period.

That's what would really scare me about this coin. Even if it manages to hold its own pricewise, I'd be afraid of dumps. Even LCL was in the ballpark of ipo prices for a while, until miners really destroyed the coin.


miners is what makes a coin wtf kind of kool aid you drinking? =\
Unfortunately, dumps are always going to be a short-term threat. After all, the immediate profit motive is what brings lots to this scene. Compound that with miners needing to recoup costs and that痴 what spikes down the price a lot of the time. That said, a lot of the time, mining is just an excuse to justify profit motive; but it is what makes a lot of these coins 努ork (even if they don稚 have 吐inancial grounding).

Frankly, investing in these kinds of coins only makes sense if you think you have the savvy to outpace all the people trying to make short-term gains or if you think there is longer-term potential. Although, seeing that the creator of this coin set a total valuation over $350,000 is interesting (draw your own conclusions).
jasemoney
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June 05, 2014, 10:31:28 PM


Id just hate for the miners to open up and dump like what happened to LCL.  hope this makes some sense. weird to me to have an ipo and a mining period.

That's what would really scare me about this coin. Even if it manages to hold its own pricewise, I'd be afraid of dumps. Even LCL was in the ballpark of ipo prices for a while, until miners really destroyed the coin.


miners is what makes a coin wtf kind of kool aid you drinking? =\
Unfortunately, dumps are always going to be a short-term threat. After all, the immediate profit motive is what brings lots to this scene. Compound that with miners needing to recoup costs and that痴 what spikes down the price a lot of the time. That said, a lot of the time, mining is just an excuse to justify profit motive; but it is what makes a lot of these coins 努ork (even if they don稚 have 吐inancial grounding).

Frankly, investing in these kinds of coins only makes sense if you think you have the savvy to outpace all the people trying to make short-term gains or if you think there is longer-term potential. Although, seeing that the creator of this coin set a total valuation over $350,000 is interesting (draw your own conclusions).


mining justifies profit motive in the sense that miners are not willing to dump under the price it cost for them to create the coins they mined.  this changes if they are expecting or recieve new features (price up) or are rushing out the door (price down) but should be stable that if it takes someone 3 hours to mine a block and their costs are whatever for electricity & hardware & a normal profit.
In this situation the mining only will happen in a short period (2 weeks) we still end up with a situation post vote where every satoshi put in by ipo is still only distributed evenly amongst the total investment * 20% of the coins to be distributed.  then along comes a 2 week mining period where solving one block could (should) equal more than .011Btc or more depending on ipo distribution?  what if the diff retarget doesnt work and someone pulls 1000 blocks. (extreme example) but maybe you get where im coming from?  were paying into the ipo so dev can have cash on hand for development and doesnt need for a premine to accrue value as people mine the coin and it gains traction to cash out. 
tl;dr
why have mining after ipo whats the point? if your a miner and want this coin, save power and buy some?

$MAID & $BTC other than that some short hodls and some long held garbage.
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June 05, 2014, 10:39:49 PM

 Cheesy sounds good !
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June 05, 2014, 10:48:51 PM




www.rockandpool.com need your hashes!


Choose one of the stratum servers and let's rock the hashes!


URL (difficulty 0.001): stratum+tcp://mining.rockandpool.com:9101

URL (difficulty 0.01 vardiff): stratum+tcp://mining.rockandpool.com:9102

URL (difficulty 0.1): stratum+tcp://mining.rockandpool.com:9103


Username: your  wallet address
Password: anything


sgminer --kernel darkcoin -ostratum+tcp://mining.rockandpool.com:9101 -u your  wallet address -p anything

Optimized GPU Miner: ./sgminer -k x11mod -o stratum+tcp://mining.rockandpool.com:9101 -u your  wallet address -p anything

CPU Miner: ./minerd -a X11 -o stratum+tcp://mining.rockandpool.com:9101 -u your  wallet address -p anything


Let's hash lets rock!
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June 05, 2014, 10:52:27 PM

Ok so the poll results are:

Question: Should we make changes in the IPO? If yes, how?

No. Do not change anything. - 3 (11.1%)
Yes. Change the price to 0.0003 BTC/MIL. Old investors get proportionately more MIL for their investment. - 10 (37%)
Yes. Change it so that the entire IPO coins are distributed proportionately among investors, i.e. Amount of MIL you receive = Your Investment/Total Investment * 195,000 MIL - 14 (51.9%)
  
Total Voters: 27


Clearly the third option is the preferred one. Thus, we will be going with that!


So there is no fixed price for the IPO now. We will distribute all 195,000 MIL to all investors proportionately using the below formula:

Amount of MIL you receive = Your Investment/Total Investment * 195,000 MIL

The above method will be beneficial to the investors (Old and New) in a big way and we hope everyone will enjoy the free and fair, market decided, IPO price.
The price on poloniex will remain 0.000565 but there will be a notification on the MIL/BTC page confirming this method of IPO. So don't worry about that Smiley


WOW this is an excellent Idea..Thank you DEV for such a gracious modification as I invested nicely in your IPO from day 1. Smiley

Every fucking IPO and shitclone non-innovative coin. You are THERE.
Promoting garbage and thin air.
You are cancer.
Giving credibility to scammers and people who have invested .5 BTC for someone else to generate a coin for them in hopes of striking it rich.
Just stop.
Promoting and supporting worthless coins only hurts the entire cryptocurrency community.

Millionairecoin paid someone to create a crypto currency for him, then he posts an IPO saying "HEY GIVE ME MONEY AND ILL USE IT TO HIRE PEOPLE TO DO STUFF AND MAYBE BUY ME A NEW CAR". You know what you could get excited about? Actual coins with actual developers, with actual innovation.

Sure enough like a dog summoned by whistle, qiwoman is there "ohhh another new coin! how lovely!" with not a hint of sarcasm.

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