BaraxLo
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July 11, 2014, 11:39:28 AM |
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I think its too many coins already mining. Saval, I think we should change next steps and cancel at least the last stage with 1000 coins in block, but rather go to the "10 FRSH + FEES (300 days)" right now!!! What do you say, guys?
+0.5 maybe more steps like: 1000coins 500 250 125 75 50 25 20 15 10 "10 Frsh + fees (300 days) or the release of all coins for 7 days will ruin the coin,you can start right now
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omskbear
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July 11, 2014, 11:44:18 AM |
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maybe more steps like: 1000coins 500 250 125 75 50 25 20 15 10
Anyway so will mining too many coins at once, we must act decisively, if Savale support the idea and announce it, the price immediately fly up to grow the network capacity and the coin will be more interesting for everyone.
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BaraxLo
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July 11, 2014, 11:48:57 AM |
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maybe more steps like: 1000coins 500 250 125 75 50 25 20 15 10
Anyway so will mining too many coins at once, we must act decisively, if Savale support the idea and announce it, the price immediately fly up to grow the network capacity and the coin will be more interesting for everyone. +1 starting from today,by the way how many % of the total amount of coins has been extracted?
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bathrobehero
Legendary
Offline
Activity: 2002
Merit: 1051
ICO? Not even once.
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July 11, 2014, 11:52:13 AM |
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^Cutting the planned total coins to be distributed is not going to get more people interested which means no buy support. It'd just increase the relative value of the coins already mined which would just lead to the already ongoing mindless dump.
The coin needs to be useful or at least have the illusion of being useful in order for people to get behind it and invest.
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Not your keys, not your coins!
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Subtuppel
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July 11, 2014, 11:54:55 AM |
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Hehe, i remember why i usually don't take part in this mining lunacy. If you rented a miner and then maybe had some bad luck with the pool you picked this is currently not even 25% ROI, wonder what clowns can dump at this price.
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hellracer2011
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July 11, 2014, 11:55:37 AM |
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^Cutting the planned total coins to be distributed is not going to get more people interested which means no buy support. It'd just increase the relative value of the coins already mined which would just lead to the already ongoing mindless dump.
The coin needs to be useful or at least have the illusion of being useful in order for people to get behind it and invest.
+1. May be some new features or value addition in the wallet like multitasking wallet,anon etc..
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omskbear
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July 11, 2014, 11:57:54 AM |
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^Cutting the planned total coins to be distributed is not going to get more people interested which means no buy support. It'd just increase the relative value of the coins already mined which would just lead to the already ongoing mindless dump.
The coin needs to be useful or at least have the illusion of being useful in order for people to get behind it and invest.
On the seventh day the coin will fall down below 0.00002 and it is unlikely it will then love those who mine it 6 days and did not sell. Network capacity will fall even more, the price will not rise. Under this scenario, do not expect growth. I only suggest to limit the issue of coins too quickly, we can all see that it has not met expectations.
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omskbear
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July 11, 2014, 12:01:33 PM |
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We can argue, but look at the facts: the network capacity has already fallen twice because the price falls, is not profitable to mining and even direct selling, not to mention the long-term storage. Last day with 1000 coin on the block will kill coin.
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hellracer2011
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July 11, 2014, 12:05:28 PM |
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^Cutting the planned total coins to be distributed is not going to get more people interested which means no buy support. It'd just increase the relative value of the coins already mined which would just lead to the already ongoing mindless dump.
The coin needs to be useful or at least have the illusion of being useful in order for people to get behind it and invest.
On the seventh day the coin will fall down below 0.00002 and it is unlikely it will then love those who mine it 6 days and did not sell. Network capacity will fall even more, the price will not rise. Under this scenario, do not expect growth. I only suggest to limit the issue of coins too quickly, we can all see that it has not met expectations. It could be a remedy,but it happens to a coin with short supply also. May be shortened supply plus value addition work
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asemov
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July 11, 2014, 12:11:09 PM |
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FRESH.HASHLINK.EUWe are Up an Hashing at last... Spread some hash! - 1% Fee on all pools - PROP Payout system - Dedicated Servers - Multicoin Pool - High performance NODE.js backend - User friendly MPOS interface - STRATUM - VARDIFF - Skilled admins - Forum and IRC Support - DoS and DDoS Protection - Flood protection
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omskbear
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July 11, 2014, 12:11:15 PM |
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Look at volume of exchanges, they are funny, because all produced and bought a lot of coins and expect that after reducing the rewards will be very strong growth. But it will not. too many coins. many people will not wait for the price increase 10 times, they will sell twice as much and be happy. Too many, too many coins.
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BaraxLo
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July 11, 2014, 12:13:55 PM |
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Look at volume of exchanges, they are funny, because all produced and bought a lot of coins and expect that after reducing the rewards will be very strong growth. But it will not. too many coins. many people will not wait for the price increase 10 times, they will sell twice as much and be happy. Too many, too many coins.
means coin dead
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pieterjanvh
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July 11, 2014, 12:16:12 PM |
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What are you guys talking about? Bitcoin total supply is 21 million coins and current prices are $600+. I am very much aware that many miners will dump instantly, but it's up to the dev to announce future plans and follow them through, then there will be enough non-miners buying up all those coins . These are people that have genuine interest in the coin, which are the coin holders u want for your coin. It's as simple as that and has nothing to do with total supply...
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timmy1979222
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July 11, 2014, 12:16:56 PM |
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Look at volume of exchanges, they are funny, because all produced and bought a lot of coins and expect that after reducing the rewards will be very strong growth. But it will not. too many coins. many people will not wait for the price increase 10 times, they will sell twice as much and be happy. Too many, too many coins.
means coin dead You and other people are the ones, who wanna dropp the price to buy it immediatly cheap! DONT SELL YOUR FRESHCOINS CHEAP! They know its worthy, but they try to trick you, and buy cheap from you!
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BaraxLo
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July 11, 2014, 12:18:58 PM |
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All is not lost, only 3 million coins were produced, with 10 million growth can reduce estli award up to 50 coins per unit
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omskbear
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July 11, 2014, 12:24:53 PM |
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I say again. Look at the power of network and falling rates. What do you tell me, guys? Seventh day kill the coin is an indisputable fact.
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qratzpalatz
Sr. Member
Offline
Activity: 309
Merit: 250
Too weird to live,too rare to die ;)
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July 11, 2014, 12:33:51 PM |
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Yes,but on the other hand,it's not nice to change rules in the middle of the game....
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bathrobehero
Legendary
Offline
Activity: 2002
Merit: 1051
ICO? Not even once.
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July 11, 2014, 12:41:07 PM |
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On the seventh day the coin will fall down below 0.00002 and it is unlikely it will then love those who mine it 6 days and did not sell. Network capacity will fall even more, the price will not rise. Under this scenario, do not expect growth. I only suggest to limit the issue of coins too quickly, we can all see that it has not met expectations.
I understand what you're saying, but cutting the ditribution is not a solution it's just duct tape which only helps people who want to dump (random maxcoin block halving anyone?). Too many, too many coins.
If you cut further distribution that means less people will sit at the table eating the cake, but the cake will still be a shitty small cake. We need free booze, a jacuzzi and all that stuff so that more people come to this party bringing cake. But if you want your usual p&d coin, go ahead change the plan, cut the distribution and let's all eat the shitty cake and go home hungry. Here's the thing, the arguably energy efficient algo attracted too many miners for it's own good and the coin does nothing for non-miners as of yet. Surely Savale haven't played all his cards yet, but we need features, marketing, etc. to get people interested to increase the market cap that is the cake.
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Not your keys, not your coins!
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wacko
Legendary
Offline
Activity: 1106
Merit: 1014
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July 11, 2014, 12:49:48 PM |
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I say again. Look at the power of network and falling rates. What do you tell me, guys? Seventh day kill the coin is an indisputable fact.
I wouldn't say that prices are really "falling", it's just someone at bittrex sold like ~ 20k so all the buy orders were eaten and the price went down to 0.0000375.. but it's already going up again and the same person that dumped those coins will probably buy some back and sell them later at something like 0.00005. There is already a buy order at 0.00003810 for 20k FreshCoins, so that's probably what the dump was all about.
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