[GRK][TITAN] LIS Investment Group present to you 'Greekcoin'

[Soul_eater_123]

So the premine and IPO = 4%?  According to the block explorer 4 million coins were mined on the first block.  That would put the total coins at 100 million.  Since POW only = 7 million coins that means that 89 million coins will come from POS?  Am I missing something or is this correct?

[placebo]

So the premine and IPO = 4%?  According to the block explorer 4 million coins were mined on the first block.  That would put the total coins at 100 million.  Since POW only = 7 million coins that means that 89 million coins will come from POS?  Am I missing something or is this correct?

No, you're not missing anything here. It is in fact the same as what Yellowcoin did, and in fact what a lot of coin are doing. They take the premine/ IPO based on the total number of coins, and not based on the total number of coins when POW is ending.  

That is why I LOVE GREEKCOIN, it really gave me a big return

PS: DEV, keep up to the good work!!

[Soul_eater_123]

I'm just thinking that 100 million coin cap is high from a psychological standpoint.  At an interest rate of 5% (equivalent to inflation of food prices etc here) that will take about 139 years - so there will be no flooding of the market with coins but I just think a lower number would sit in the mind better, since people do look at the total number of coins and I doubt they will bother with doing compound interest calculations.  They will just look at the number as 100 million and say - well coin X only has 2 million total coins - therefore coin X will be worth more.  Just my opinion.

[Soul_eater_123]

Also I'm asking the dev here?  Would you be willing to have an audit of the coin done by someone knowledgeable about such things including the anonymity - e.g. Julian Yap who did it for Pink Coin?  It would be really helpful for building trust in the coin.

[placebo]

I'm just thinking that 100 million coin cap is high from a psychological standpoint.  At an interest rate of 5% (equivalent to inflation of food prices etc here) that will take about 139 years - so there will be no flooding of the market with coins but I just think a lower number would sit in the mind better, since people do look at the total number of coins and I doubt they will bother with doing compound interest calculations.  They will just look at the number as 100 million and say - well coin X only has 2 million total coins - therefore coin X will be worth more.  Just my opinion.

I always check the block explorer to see how many coins they are. But you have a good point. When i did some work for Yellowcoin then there total number of coins was crap too, and i told them to modify it and the coin starts running, the same story for Orangecoin, i told them, look your numbers are not correct, or yes they are correct in 200 years.

[placebo]

Also I'm asking the dev here?  Would you be willing to have an audit of the coin done by someone knowledgeable about such things including the anonymity - e.g. Julian Yap who did it for Pink Coin?  It would be really helpful for building trust in the coin.

Audit a coin???

[Soul_eater_123]

Apologies guys I got my figures wrong.  The time to reach total coin supply of 100 million via POS (at 5%) would be approximately 45 years : i.e. (1.05)^45 is roughly equal to the 909% increase represented by 89 million extra coins.

[Soul_eater_123]

Also I'm asking the dev here?  Would you be willing to have an audit of the coin done by someone knowledgeable about such things including the anonymity - e.g. Julian Yap who did it for Pink Coin?  It would be really helpful for building trust in the coin.

Audit a coin???

Yes. Check the blockchain and make sure the anon is viable and doesn't have any major problems.

[placebo]

Also I'm asking the dev here?  Would you be willing to have an audit of the coin done by someone knowledgeable about such things including the anonymity - e.g. Julian Yap who did it for Pink Coin?  It would be really helpful for building trust in the coin.

Audit a coin???

Yes. Check the blockchain and make sure the anon is viable and doesn't have any major problems.

There is no anon at the moment... so a audit at this point would be a little too early. Btw, i was in Pinkcoin when it was low, but honestly i believe something happened before they hit Poloniex, some people knew this information before it was hitting the exchange as a lot has been bought before, and looks what happened with the coin price. Btw, i'm back in PC but at 50 sats.

[ashour]

Interesting coin 

[placebo]

Interesting coin 

Indeed

[Soul_eater_123]

GRK/Titan needs to be submitted to CoinMarketCap here:

https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/viewform

[Lovethecoins]

Slowly gaining followers but it will take time these prices WILL NOT last

[Lovethecoins]

anyone on twitter... my name there is needacoin add me up feel free talk TITANcoin

[vnhat]

dev? the next plan of the coin? why the market stands still? I guess the GRK will reach 2 k sat next week

[placebo]

dev? the next plan of the coin? why the market stands still? I guess the GRK will reach 2 k sat next week

dev, reported that he was ill yesterday, so that the meeting was cancelled. Market stands still? If nobody buy and nobody want to sell then nothing happens

[Lovethecoins]

dev? the next plan of the coin? why the market stands still? I guess the GRK will reach 2 k sat next week

dev, reported that he was ill yesterday, so that the meeting was cancelled. Market stands still? If nobody buy and nobody want to sell then nothing happens

The fact that in this amazing fast crypto world with everyone needing things ASAP the fact that the coin didn`t die while dev was ill shows me good things are coming.


Any news and your probably right 2k

[placebo]

dev? the next plan of the coin? why the market stands still? I guess the GRK will reach 2 k sat next week

dev, reported that he was ill yesterday, so that the meeting was cancelled. Market stands still? If nobody buy and nobody want to sell then nothing happens

The fact that in this amazing fast crypto world with everyone needing things ASAP the fact that the coin didn`t die while dev was ill shows me good things are coming.


Any news and your probably right 2k

I've been ill too, but only people are saying that coins are dying, but as long as there is a community around then it will work. Look, Bankcoin was planned to be delisted, a little marketing, some buying and people jump on it like crazy. Titan coin at 2k would mean 150BTC, is that not a little too high? Problem here is the big gaps between bid and ask, nobody want to sell nor buy.

[Lovethecoins]

dev? the next plan of the coin? why the market stands still? I guess the GRK will reach 2 k sat next week

dev, reported that he was ill yesterday, so that the meeting was cancelled. Market stands still? If nobody buy and nobody want to sell then nothing happens

The fact that in this amazing fast crypto world with everyone needing things ASAP the fact that the coin didn`t die while dev was ill shows me good things are coming.


Any news and your probably right 2k

I've been ill too, but only people are saying that coins are dying, but as long as there is a community around then it will work. Look, Bankcoin was planned to be delisted, a little marketing, some buying and people jump on it like crazy. Titan coin at 2k would mean 150BTC, is that not a little too high? Problem here is the big gaps between bid and ask, nobody want to sell nor buy.

nothing has happened YET so of course nobody is touching it either way... Once word comes from dev we will start some movement

[equalizer]

Dev - what's going on with this coin? Last I heard you canceled the Monday meeting due to illness and wanted to reschedule to tomorrow, 6/19. Is the meeting still happening tomorrow, and if so, can you give us the details? I hope you are feeling better, but days of silence makes any investor very very nervous.