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Mesterlovesz74 (OP)
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July 24, 2014, 10:42:45 PM |
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It may be possible to create a floor price, but how will that floor price ever increase?
There will be less than 17m coins mined from PoW, that definitely changes the percentages that were pre-mined.
Not trying to fud, I am actually mining, just have a few concerns, thanks!
If you are refering the minimum buyback price, then just think about it, buyers and sellers create the price eventually, so if someone believe in XGR then they will buy the coins at a much higher price then the minimum buyback price because they invest for the future when XGR will have more gold then now, therefore the minimum price will be much higher so the market price will be higher too. I do not see your concerns. If we have less then I predicted that is a good think, less supply means higher price! If you refer to the ratio of total supply at the end of POW and the premine, then yes it is a bit higher, but still, if I sell the premine slowly, then it won't change the market price... |
GoldReserve Donation Acc: BTC: 16g8LVMpKAREXXQNRTUkxDNCoBykouTFZ9
GoldReserve Donation Acc: XGR: GftR1m2Gh8RPsNbQBZZ2xYHbWa7ps2dp8e
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minecoinseveryday
Newbie
 Offline
Activity: 47
Merit: 0
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July 25, 2014, 01:16:13 AM |
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It may be possible to create a floor price, but how will that floor price ever increase?
There will be less than 17m coins mined from PoW, that definitely changes the percentages that were pre-mined.
Not trying to fud, I am actually mining, just have a few concerns, thanks!
If you are refering the minimum buyback price, then just think about it, buyers and sellers create the price eventually, so if someone believe in XGR then they will buy the coins at a much higher price then the minimum buyback price because they invest for the future when XGR will have more gold then now, therefore the minimum price will be much higher so the market price will be higher too. I do not see your concerns. If we have less then I predicted that is a good think, less supply means higher price! If you refer to the ratio of total supply at the end of POW and the premine, then yes it is a bit higher, but still, if I sell the premine slowly, then it won't change the market price... What are the thoughts on publishing sub-miletsones. For instance.... When XGR worth ____ then ____ amount of premine XGR will be used to buy gold When XGR worth ____ then ____ amount of premine XGR will be used to buy gold When XGR worth ____ then ____ amount of premine XGR will be used to buy gold Maybe it would illustrate easier for people how the price rises will be good for the backing |
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Ell- -Mine
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July 25, 2014, 02:09:08 AM |
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It may be possible to create a floor price, but how will that floor price ever increase?
There will be less than 17m coins mined from PoW, that definitely changes the percentages that were pre-mined.
Not trying to fud, I am actually mining, just have a few concerns, thanks!
If you are refering the minimum buyback price, then just think about it, buyers and sellers create the price eventually, so if someone believe in XGR then they will buy the coins at a much higher price then the minimum buyback price because they invest for the future when XGR will have more gold then now, therefore the minimum price will be much higher so the market price will be higher too. I do not see your concerns. If we have less then I predicted that is a good think, less supply means higher price! If you refer to the ratio of total supply at the end of POW and the premine, then yes it is a bit higher, but still, if I sell the premine slowly, then it won't change the market price... What are the thoughts on publishing sub-miletsones. For instance.... When XGR worth ____ then ____ amount of premine XGR will be used to buy gold When XGR worth ____ then ____ amount of premine XGR will be used to buy gold When XGR worth ____ then ____ amount of premine XGR will be used to buy gold Maybe it would illustrate easier for people how the price rises will be good for the backing This would also encourage investors and put the price up |
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captainbluff
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July 25, 2014, 04:18:27 PM |
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Hi Dev,
Will you be purchasing some yellow metals this weekend? BTW, we are 23000 blocks away from POS mode, all my rigs are currently pointed to this coin.
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captainbluff
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July 25, 2014, 06:15:49 PM |
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Ok I just voted but what is it for? |
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minecoinseveryday
Newbie
Offline
Activity: 47
Merit: 0
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July 25, 2014, 06:54:20 PM |
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Another week, another gramm of Gold will strengthen GoldReserve!! Thanks to nexter who bought up this week XGR stash at 500 sat and thanks to the donors!!
Just a reminder, If we reach 11 gramms, I can start to set up a board for minimum buyback price!!
Any update on when your next purchase of gold will be? Thank you |
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jackyy
Member
Offline
Activity: 65
Merit: 10
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July 25, 2014, 08:32:43 PM |
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Tweet Bittrex!  |
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Mesterlovesz74 (OP)
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July 25, 2014, 09:40:44 PM |
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Another week, another gramm of Gold will strengthen GoldReserve!! Thanks to nexter who bought up this week XGR stash at 500 sat and thanks to the donors!!
Just a reminder, If we reach 11 gramms, I can start to set up a board for minimum buyback price!!
Any update on when your next purchase of gold will be? Thank you Yes, it will be next week as I slipped the deadline of sending the amount this week, so money will arrive only next week. I will try to send another set, to buy 2 gramms instead of 1! |
GoldReserve Donation Acc: BTC: 16g8LVMpKAREXXQNRTUkxDNCoBykouTFZ9
GoldReserve Donation Acc: XGR: GftR1m2Gh8RPsNbQBZZ2xYHbWa7ps2dp8e
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Mesterlovesz74 (OP)
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July 26, 2014, 12:34:49 AM |
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Cryptoworld is soo F.cked up at the moment!! Every 2nd coin is a scam, dev's disappear or hidden premine! People are just want to milk this cow so hard that it will die if nothing happen!
And yet here we are, a decent coin and only a handful of people respect it. Sad. 8(
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GoldReserve Donation Acc: BTC: 16g8LVMpKAREXXQNRTUkxDNCoBykouTFZ9
GoldReserve Donation Acc: XGR: GftR1m2Gh8RPsNbQBZZ2xYHbWa7ps2dp8e
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24core
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July 26, 2014, 05:58:37 AM |
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Cryptoworld is soo F.cked up at the moment!! Every 2nd coin is a scam, dev's disappear or hidden premine! People are just want to milk this cow so hard that it will die if nothing happen!
And yet here we are, a decent coin and only a handful of people respect it. Sad. 8(
I agree and hence why I keep mining. |
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yogibaer
Legendary
Offline
Activity: 1131
Merit: 1001
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July 26, 2014, 08:26:46 AM |
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Yes, it will be next week as I slipped the deadline of sending the amount this week, so money will arrive only next week. I will try to send another set, to buy 2 gramms instead of 1!
I still miss that part where we can see how much of the premine has been sold for how much BTC in the OP. Maybe you could provide an excel tab or something like that? |
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Mesterlovesz74 (OP)
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July 26, 2014, 08:44:02 AM |
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Yes, it will be next week as I slipped the deadline of sending the amount this week, so money will arrive only next week. I will try to send another set, to buy 2 gramms instead of 1!
I still miss that part where we can see how much of the premine has been sold for how much BTC in the OP. Maybe you could provide an excel tab or something like that? Hi, I had some personal problems lately, so I am a bit slow. I am aware that we need that. In this weekend, I will have more time to update everything. FAQ, sales report  . |
GoldReserve Donation Acc: BTC: 16g8LVMpKAREXXQNRTUkxDNCoBykouTFZ9
GoldReserve Donation Acc: XGR: GftR1m2Gh8RPsNbQBZZ2xYHbWa7ps2dp8e
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yogibaer
Legendary
Offline
Activity: 1131
Merit: 1001
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July 26, 2014, 08:45:21 AM |
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Hi, I had some personal problems lately, so I am a bit slow. I am aware that we need that. In this weekend, I will have more time to update everything. FAQ, sales report . GREAT!!! Take your time. Anyway you do a GREAT JOB!!! |
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Mesterlovesz74 (OP)
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July 26, 2014, 09:33:19 AM |
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Hi, I had some personal problems lately, so I am a bit slow. I am aware that we need that. In this weekend, I will have more time to update everything. FAQ, sales report . GREAT!!! Take your time. Anyway you do a GREAT JOB!!! Thank you, I think am doing OK atm, but in the future I will try harder. If anyone have a good idea or connection to any online store then send me a PM. During that I will try to reach a whale, because I have a little connection and as my connection knows me, I may have a chance to convince that guy to invest in XGR! |
GoldReserve Donation Acc: BTC: 16g8LVMpKAREXXQNRTUkxDNCoBykouTFZ9
GoldReserve Donation Acc: XGR: GftR1m2Gh8RPsNbQBZZ2xYHbWa7ps2dp8e
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exemplaar
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July 26, 2014, 10:10:11 AM |
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Hi, I had some personal problems lately, so I am a bit slow. I am aware that we need that. In this weekend, I will have more time to update everything. FAQ, sales report . GREAT!!! Take your time. Anyway you do a GREAT JOB!!! Thank you, I think am doing OK atm, but in the future I will try harder. If anyone have a good idea or connection to any online store then send me a PM. During that I will try to reach a whale, because I have a little connection and as my connection knows me, I may have a chance to convince that guy to invest in XGR! Pm sent. Please check, thank you and good day. |
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yogibaer
Legendary
Offline
Activity: 1131
Merit: 1001
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July 26, 2014, 01:06:12 PM |
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I think this is due to the staking process .... |
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exemplaar
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July 26, 2014, 01:38:35 PM |
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I think this is due to the staking process .... Well, in my case richlist seems to be correct. I think that it shows amount of minimum coin age which is 24h. In my case it shows number lowered by 24h mining income, which is then correct. It is impossible that such amount difference is due to staking. Dev will surely know if this observation is correct. |
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minecoinseveryday
Newbie
Offline
Activity: 47
Merit: 0
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July 26, 2014, 03:29:32 PM |
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Yes, it will be next week as I slipped the deadline of sending the amount this week, so money will arrive only next week. I will try to send another set, to buy 2 gramms instead of 1!
I still miss that part where we can see how much of the premine has been sold for how much BTC in the OP. Maybe you could provide an excel tab or something like that? Hi, I had some personal problems lately, so I am a bit slow. I am aware that we need that. In this weekend, I will have more time to update everything. FAQ, sales report . Best of luck Dev and thank you for staying with this coin and the updates |
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