Treat developers better - XHC THREAD MOVED

[yzm_2014]

the bittrex price is downing quickly .

[1714028589]

1714028589

[1714028589]

1714028589

[feixiangyu]

Great job.
 change the link to this new thread

[hero18688]

Dev,where are you

[liuhou521]

1比2 啊 多买点省的挖

[PatCash79]

Dev, Are there any updates on your work in progress?

Because I'm losing faith.

[Icardi09]

so this is new honorcoin thread
old dev is fucking retard!
hope thiis new management can restrore honor in honorcoin!

no more free distribution?

[kozmos]

so this is new honorcoin thread
old dev is fucking retard!
hope thiis new management can restrore honor in honorcoin!

no more free distribution?

according to the new dev. plans, it will be done via a multipool

[ISAWHIM]

Just pointing out the obvious here... but "Free distributions" are, well... Poor for value, and poor for marketing.

1: Free coins can be cashed-out at any price, for 100% gains. Cost them nothing to obtain the coins, so they have no "minimum" that they have to sell for. The more you give away, the less "value" others have to claim. You are giving-away others value, not adding to it.

2: The only people looking for "free coins", are those who are already in it. Occasionally, a non-user/holder will get some, and both will have no problem cashing-out for a quick penny that you gave them. (All those pennies add-up to our dollars that we can't get now, because they took them. Unless we buy them for pennies, which, again, does not add any "value" to the coin. That devalues it.)

But I digress... The "Free coins" are the least of the problems. No-one is "not-investing" in this because of the lack of free coin give-aways. It is because of the give-aways, that people stop investing in coins. You are having your value given away to others. Value you have to later buy-back, before you can get your value to go up. It is counter-productive to the point.

The 1:2 exchange and mining POW needs to be addressed before any talk about give-aways. (Which by the way, the give-away was obviously not ever intended to be honored. It was a trick to gather your personal information. If not by the dev, then by the person who ran the old website, or had access to the old website.)

[ISAWHIM]

On the note of the 1:2 exchange, I vote HELL NO.

1: That halves all our value, demanding that we now have to sell twice as many coins.
2: That makes the new 6-Million effectively only 3-Million, since there are twice as many coins now. This is only half effective.

The "mining for 7 days", though it is longer than the original POW, is hardly "fair", and not good for "distributing the reward". That will leave the majority of new coins in only a few peoples hands. Adding that to the already mined number of coins, and you have a mining reward that will grant only a few people tons of "high value coins", that cost them nearly nothing to mine. (Might as well be POS doubling.)

Mining needs to be like a year, at least, if it is that quantity of coins, without the doubling 1:2 of the old coins. The mining should be reduced monthly, but not halved, which leads to less miners as value remains the same, or more miners getting less, who will have to demand more value for the reduced reward.

POS will do nothing but decrease reward more than it encourages people to obtain more. POS is a novelty, a gimmick, not an economic advantage, unless the coin has constant losses from something like fixed minimum transfer fees that are forced. (Then, POS would only be a "balancer of loss", if it ONLY produced POS reward to equal any lost tx-fees or other losses. But we can never prove "other losses".)

[barabbas]

Just pointing out the obvious here... but "Free distributions" are, well... Poor for value, and poor for marketing.

1: Free coins can be cashed-out at any price, for 100% gains. Cost them nothing to obtain the coins, so they have no "minimum" that they have to sell for. The more you give away, the less "value" others have to claim. You are giving-away others value, not adding to it.

2: The only people looking for "free coins", are those who are already in it. Occasionally, a non-user/holder will get some, and both will have no problem cashing-out for a quick penny that you gave them. (All those pennies add-up to our dollars that we can't get now, because they took them. Unless we buy them for pennies, which, again, does not add any "value" to the coin. That devalues it.)

But I digress... The "Free coins" are the least of the problems. No-one is "not-investing" in this because of the lack of free coin give-aways. It is because of the give-aways, that people stop investing in coins. You are having your value given away to others. Value you have to later buy-back, before you can get your value to go up. It is counter-productive to the point.

The 1:2 exchange and mining POW needs to be addressed before any talk about give-aways. (Which by the way, the give-away was obviously not ever intended to be honored. It was a trick to gather your personal information. If not by the dev, then by the person who ran the old website, or had access to the old website.)

Not only I disagree 100% with your assessment regarding "free" being bad for "value" and for "marketing", but your digression is absolutely impossible to understand. By me at least. I don't get your point. At all.

But "free", if you ever learned anything at all about any kind of marketing, is the absolutely key word. Top dog. Nothing whatsoever, not even sex, attracts people more effectively than the word "free". Right there you have an objective, totally objective, misconception of yours.

As for "value", what value? A currency has no intrinsic value in itself, none. The only "value" a coin can have is what the community supporting it may be able to get: whatever someone is willing to pay for it. Nothing else whatsoever. It doesn't matter if it is free, originally, or was priced at many BTCs, like 365 or 42.

As I posted in "An Appreciation", there's a lot wrong in the 1:2 proposed, but for for the reasons you seem to be mentioning but for the absurd distribution model chosen.

If Jarvis' plan continues ahead, this is really going absolutely nowhere.

[jarvis]

We are around.  We have been working on the new coin and getting everything tested.    As we get closer to being finished we will let everyone know.

[jarvis]

logo


http://i.hizliresim.com/W2380N.png

+1

[komodovpn]

We are around.  We have been working on the new coin and getting everything tested.    As we get closer to being finished we will let everyone know.

Fantastic

[Drag]

logo
http://i58.tinypic.com/2iidij6.jpg

http://i.hizliresim.com/W2380N.png

+1

+1

Keep up the good work Jarvis 

[heavydc2]

Code:

[b][url=https://bitcointalk.org/index.php?topic=645946.0] I Support Project Restoring HonorCoin[/url][/b]

updated

Updated as well!

[heavydc2]

logo
http://i58.tinypic.com/2iidij6.jpg

http://i.hizliresim.com/W2380N.png

+1

[HHector]

 Just one question, if the old coins will can swap to new coins at a rate of 1:2, will it double the total supply of the coins? What is the max. supply of coins after it is swapped? 

 

[HHector]

 Where do the additional swap coins come from?

[Drag]

ok, no premine on the new coin,so how are you funding the 2 for 1 on the new coin?

The first block will contain the exact number of coins that needs to be exchanged for current holders.

Screen shots will be shown when this happens.  

Instead of pre mine lest call it a Swap Block.

POW Coins =6,000,000 + (Exchanged Coins - Total TBA)

Exchanged Coins =TBD

[hero18688]

Revamped Pinkcoin is a good model of community takeovering a scam.
https://bitcointalk.org/index.php?topic=624017.0