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Poll
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)
poornamelessme
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June 05, 2014, 11:02:19 PM
 #261


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.



I do agree that I wish she would use a higher standard for promoting certain coins, but no need to go so overboard about it. And no need to be such a jerk either.

People should use their best judgement and not rely on spammers or those who are super gung ho about any coin. The way I look at it is, try to remove emotion and just assume every single person is potentially lying to you, and  just try to weed out those who seem to be lying the least.

So it's fine for her to do her promo stuff (she does have a blog after all, that's what they are for)... and yeah, ideally she should be a bit pickier about what coins she decides to promote. But I see no need for insults.
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daavenger
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June 05, 2014, 11:44:41 PM
 #262

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


SO For us that have already bought on poloniex how are you going to make the current IPO fair seeing as coins have already been bought... how is this going to be changed and how will we get the extra coins?
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June 06, 2014, 12:04:47 AM
 #263

This seems like a nice project to invest in. Very good initiative!
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June 06, 2014, 12:15:26 AM
 #264

Dumb crap coin...

Pass
millionairecoin
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June 06, 2014, 12:16:11 AM
 #265

SO For us that have already bought on poloniex how are you going to make the current IPO fair seeing as coins have already been bought... how is this going to be changed and how will we get the extra coins?

As mentioned here: https://bitcointalk.org/index.php?topic=633914.msg7155027#msg7155027

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

So after the coin launch, you will have the more MIL in your Poloniex account.
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June 06, 2014, 12:21:44 AM
 #266

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

Hey, hey: there's no need to be that hard on qiwoman. She got burned by Sharex, so now isn't the best time to take a swipe at her.







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...INTRODUCING WAVES........
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millionairecoin
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June 06, 2014, 12:26:42 AM
 #267

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

Hey, hey: there's no need to be that hard on qiwoman. She got burned by Sharex, so now isn't the best time to take a swipe at her.



Yes whether or not anyone got burned by Sharex, please refrain from using such language!
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June 06, 2014, 12:57:17 AM
 #268




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!

Thank You. Added to OP.
vual
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June 06, 2014, 01:12:01 AM
 #269

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.



+1
hellscabane
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June 06, 2014, 02:26:24 AM
 #270


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’s 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 “work” (even if they don’t have “financial 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?
Profit? If you have enough hash, you could always both buy into the IPO and mine to secure a percentage. That'll inherently function as dumping material. So yeah...

Let's be honest though, features doesn't necessarily mean a rise in price. Anyhow, it is kinda offsetting to have both an IPO (that also functions as a form of premine) followed by a hastened PoW period.
mikaljan
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June 06, 2014, 05:06:25 AM
 #271

I love all new coin,,,I hope to be a millionare.

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June 06, 2014, 05:10:11 AM
 #272

Yes 'll keep attention on that coin , I have high expectations that it will be a success.
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June 06, 2014, 05:31:59 AM
 #273

23+ BTC invested up till now! Less than 48 hours for the IPO to close!
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June 06, 2014, 05:57:43 AM
 #274

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

it is good.
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June 06, 2014, 06:07:08 AM
 #275

will make my rigs ready and mined this coin until last drop... Roll Eyes Roll Eyes Roll Eyes

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June 06, 2014, 07:23:59 AM
 #276

let me see... I go to sleep... i wake up... check Poloniex ... see tweet (10h ago) about important update in MIL thread, I read it and it's already too late to vote..... NICE!
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June 06, 2014, 08:45:53 AM
 #277

this is 100% premined coin...20% for IPO and you still keeping 80% of coins in your hand?

NXT:7107941072651674325
NTXCoin - 20%Free+75%IPO Next Exchange System address:68867263540612482
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June 06, 2014, 10:44:55 AM
 #278

can,t wait to be a millionaire  Grin
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June 06, 2014, 12:06:52 PM
 #279

shitcoin... X11 pos/pow?not Innovation?
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June 06, 2014, 12:30:57 PM
 #280

Buy and hold great coin Wink -poloniex
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