michaelb87
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July 15, 2014, 10:19:10 AM |
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No thats the total ico / 10mill coins = 3ksats atm.
So lets say it sits a 3k sats and it hits bittrex anyone selling below 3k, even people that bought it during the first hour of the ICO will be loosing profit? Well duh, that's how it goes. But no one will sell below that because they would always lose. Also investments from the first hour need to bring in at least 3000 sat, it's not like they bought for less or something. How hard can it be?
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btcdrak (OP)
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July 15, 2014, 10:22:25 AM |
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No thats the total ico / 10mill coins = 3ksats atm.
So lets say it sits a 3k sats and it hits bittrex anyone selling below 3k, even people that bought it during the first hour of the ICO will be loosing profit? No. Let me be completely clear. EVERYONE PAYS THE SAME RATE for viacoins regardless of when it was bought. First day or last hour. The rate of viacoins is set at the close of the sale by calculating totalbtc/10MM. You get a percentage of 10MM according your YOURBTC/TOTALBTC. EVERYONE IS EQUAL. The only thing that varies is your percentage of coins according to your bid, but the value of EACH COIN is the SAME. Sorry for the caps, but this is SUPER IMPORTANT to understand correctly.
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PondSea
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July 15, 2014, 10:25:49 AM |
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No thats the total ico / 10mill coins = 3ksats atm.
So lets say it sits a 3k sats and it hits bittrex anyone selling below 3k, even people that bought it during the first hour of the ICO will be loosing profit? No. Let me be completely clear. EVERYONE PAYS THE SAME RATE for viacoins regardless of when it was bought. First day or last hour. The rate of viacoins is set at the close of the sale by calculating totalbtc/10MM. You get a percentage of 10MM according your YOURBTC/TOTALBTC. EVERYONE IS EQUAL. The only thing that varies is your percentage of coins according to your bid, but the value of EACH COIN is the SAME. Sorry for the caps, but this is SUPER IMPORTANT to understand correctly. I think the only one that isnt understanding might be you. We are all saying the same thing.... Total Confirmed: 305.23210734 BTC Initial Coin Offering: 10000000 VIA Average price: 0.00003052 per VIA Which means RIGHT NOW if you were to end the ICO each VIA would be worth 3052 SATS. So if you invested 1BTC = 32765 VIA
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timmyd
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July 15, 2014, 10:29:45 AM |
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I thought everybody new how this worked. The coins are currently worth 3k sats. if you put .5btc in you will get what i will be getting when they were less than 3 k sats. face palm. if everybody put 1btc in they all get the same amount of coins regardless. The current 3k sats price is the current market cap for the 10mill coins. Infact you get a better deal now tham i did last week. my coins were worth 500sats last week. if you get in now they are gonma be worth 3k sats.
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J9901
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July 15, 2014, 10:31:43 AM |
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slow close to buying a few but notice the charts and realized this must be the worst investment at the moment. This is similar to hosting a ICO on bittrex or any other exchange for that matter but instead of a fixed price its basically being exchanged freely. So I buy at 3000 sat now and someone else bought it at 500 sat before me basically made me a fucken bagholder. Right when this coin hits bittrex at launch its going to be dumped by the early buyers which I assume invested quite abit at dirt cheap prices. The suckers that bought about above 2k sats are automatically in loss. Fair launch but unfair ICO. I expect this coin to be dumped hard at launch, nothing new to offer. This is a newer version of Ultracoin aka ultra fast transactions, with a few fancy images and different wording to make it look like this coin is something different. Devs could you please upload some pictures of your vacation, its gonna be a fucken blast with a $100k to blow on coke and hookers lmfao..just frikkin LOL! Read bro. READ. edit: LMAO PondSea as well....LOL had the audacity to tell dev he isn't understanding his own IPO....so much lol
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timmyd
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July 15, 2014, 10:33:12 AM |
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First lesson of crypto read everything twice before blowing off lol
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smokim87
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July 15, 2014, 10:37:14 AM |
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First lesson of crypto read everything twice before blowing off lol
True, true. Kinda jumped the gun on this one. Looking at the chart confused me abit. I usually expect to find everything about a coin within a thread.
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timmyd
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July 15, 2014, 10:43:28 AM |
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Ye i agree on tht nice graph but could confuse people. any questions just ask and im sure someone will be able to answer.
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PondSea
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July 15, 2014, 10:51:44 AM |
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You guys do understand there is 10mill viacoins.
Out of the 10 mill it will be split proportionally to the BTC you invest out of the full BTC ICO.
So say it was to reach 500 BTC for some reason.
If i had invested 5 BTC i would be getting 1% of the 10 mill which is 100,000 via coins.
Now if i am getting 100,000 via coins for my 5 btc investment it means i paid 5k sats for each viacoin. This is the same for everyone that invested.
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btcdrak (OP)
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July 15, 2014, 10:53:10 AM |
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Ye i agree on tht nice graph but could confuse people. any questions just ask and im sure someone will be able to answer.
I am going to make a concerted effort, BEFORE the release of the full client to let people know this. Maybe as an interstitial before download.
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Pool Op2
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July 15, 2014, 11:23:14 AM |
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majningmaster
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July 15, 2014, 11:53:33 AM |
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Someone can give arguments : what is the advantage to buy on pre sale ?
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PondSea
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July 15, 2014, 11:57:21 AM |
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You guys do understand there is 10mill viacoins.
Out of the 10 mill it will be split proportionally to the BTC you invest out of the full BTC ICO.
So say it was to reach 500 BTC for some reason.
If i had invested 5 BTC i would be getting 1% of the 10 mill which is 100,000 via coins.
Now if i am getting 100,000 via coins for my 5 btc investment it means i paid 5k sats for each viacoin. This is the same for everyone that invested.
Dev can you please let me know if this is incorrect?
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btcdrak (OP)
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July 15, 2014, 11:59:22 AM |
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You guys do understand there is 10mill viacoins.
Out of the 10 mill it will be split proportionally to the BTC you invest out of the full BTC ICO.
So say it was to reach 500 BTC for some reason.
If i had invested 5 BTC i would be getting 1% of the 10 mill which is 100,000 via coins.
Now if i am getting 100,000 via coins for my 5 btc investment it means i paid 5k sats for each viacoin. This is the same for everyone that invested.
Correct.
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timmyd
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July 15, 2014, 12:09:26 PM |
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Someone can give arguments : what is the advantage to buy on pre sale ?
I personally dont like to mine so for me been able to buy some coins is good. so if you dont have mining equipment an ico presale is good. it allows everyone to get involved. Although i will be using my gpu to help secure my investment upon launch.
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btcdrak (OP)
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July 15, 2014, 12:14:49 PM |
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Someone can give arguments : what is the advantage to buy on pre sale ?
I personally dont like to mine so for me been able to buy some coins is good. so if you dont have mining equipment an ico presale is good. it allows everyone to get involved. Which is a big part of the motivation to help distribution to non-miners.
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The Architects
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July 15, 2014, 12:34:48 PM |
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Someone can give arguments : what is the advantage to buy on pre sale ?
I personally dont like to mine so for me been able to buy some coins is good. so if you dont have mining equipment an ico presale is good. it allows everyone to get involved. Which is a big part of the motivation to help distribution to non-miners. We like what your are doing with this project, we are launching our creation sometime today as well. The clearing house idea is very good for the future of blockchain technology though and want you to know we trust and believe in your direction with it. I personally invested, as one dev to another, I see some neat things coming from this coin/service down the road. Good luck with launch!
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yunhe2014
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July 15, 2014, 12:49:27 PM |
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Average price: 0.00003450 per VIA
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farsight
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July 15, 2014, 01:19:08 PM Last edit: July 15, 2014, 01:37:44 PM by farsight |
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DEV ,there is problem need to be concerned,,,only 10,000,000 VIA to be distributed by presale, but there are nearly 400BTC IPO. apparently , the 10% distribution proportion is too small for such a scale BTC IPO. I suggest increse the IPO distribution proportion to 30%, or our IPO member will lose their money to miners
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asnghost
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July 15, 2014, 01:39:55 PM |
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DEV ,there is problem need to be concerned,,,only 10,000,000 VIA to be distributed by presale, but there are nearly 400BTC IPO. apparently , the 10% distribution proportion is too small for such a scale BTC IPO. I suggest increse the IPO distribution proportion to 30%, or our IPO member will lose their money to miners
Better start mining then
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