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Coin-Moron
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July 24, 2014, 05:57:20 PM |
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What is worst: 4.5mln coins PRE-MINED or 4.5mln coins added at the end ?
4.5mm coins pre-mined for the developer would be much worse and it's not even close. Coins weren't added at the end. The code wasn't changed, it was probably just a miscalculation in the OP. Whatever u say seems right man. But this one should be responded by the devs obviously. They should be having some commitment and responsibility over what they develop. |
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Tree Fiddy
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July 24, 2014, 06:23:42 PM |
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This isn't inflation, it's just a miscalculation. Again, if the extra 4.5mm changes your buy/sell/hold outlook on the coin then you should sell. But, the success of the project doesn't hinge on the answer, so it's not a big deal like you are suggesting.
What is a big deal, and I agree with you on, is why the team hasn't addressed this question.
Tell me how the market would respond if a billion more coins were added at the next halving. We assume value (market cap) stays the same. The price would gradually be worn down as those coins are added to the exchange because everyone who owns it is already bought in and everyone mining needs to sell at whatever price they can get. This is the effect on current coin holders unbeknownst to them. It's real no matter how much you downplay it. Stop with the straw man arguments. Yes, if it was a billion coins it would be a big deal, but it's not a billion coins. It's not a straw man argument if it's happening. I understand that you think 1000% inflation is a big deal and 20% isn't. Thank you for clarifying. |
ceo 10 μbtc/day
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JakeThePanda
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July 24, 2014, 06:26:55 PM |
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This isn't inflation, it's just a miscalculation. Again, if the extra 4.5mm changes your buy/sell/hold outlook on the coin then you should sell. But, the success of the project doesn't hinge on the answer, so it's not a big deal like you are suggesting.
What is a big deal, and I agree with you on, is why the team hasn't addressed this question.
Tell me how the market would respond if a billion more coins were added at the next halving. We assume value (market cap) stays the same. The price would gradually be worn down as those coins are added to the exchange because everyone who owns it is already bought in and everyone mining needs to sell at whatever price they can get. This is the effect on current coin holders unbeknownst to them. It's real no matter how much you downplay it. Stop with the straw man arguments. Yes, if it was a billion coins it would be a big deal, but it's not a billion coins. It's not a straw man argument if it's happening. I understand that you think 1000% inflation is a big deal and 20% inflation isn't. Thank you for clarifying. Let's just agree that the devs need to address it. |
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NiccoloMac (OP)
Member
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Activity: 112
Merit: 10
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July 24, 2014, 06:52:45 PM |
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This isn't inflation, it's just a miscalculation. Again, if the extra 4.5mm changes your buy/sell/hold outlook on the coin then you should sell. But, the success of the project doesn't hinge on the answer, so it's not a big deal like you are suggesting.
What is a big deal, and I agree with you on, is why the team hasn't addressed this question.
Tell me how the market would respond if a billion more coins were added at the next halving. We assume value (market cap) stays the same. The price would gradually be worn down as those coins are added to the exchange because everyone who owns it is already bought in and everyone mining needs to sell at whatever price they can get. This is the effect on current coin holders unbeknownst to them. It's real no matter how much you downplay it. Stop with the straw man arguments. Yes, if it was a billion coins it would be a big deal, but it's not a billion coins. It's not a straw man argument if it's happening. I understand that you think 1000% inflation is a big deal and 20% inflation isn't. Thank you for clarifying. Let's just agree that the devs need to address it. I'm aware that the coin's POW period will mathematically be extended past 20 million coins and to rectify this the main developer will be ending POW manually near the 20 million mark. I'm not sure if this was just a miscalculation on his end or another issue. If you have anymore concerns, I should be available for a bit longer for questions. |
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anticlimax
Legendary
Offline
Activity: 1050
Merit: 1000
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July 24, 2014, 06:59:02 PM |
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Thanks for the update.
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twitter @antiiclimax
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JakeThePanda
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July 24, 2014, 06:59:24 PM |
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Yes, thanks for the update.
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Coin-Moron
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July 24, 2014, 06:59:50 PM |
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This isn't inflation, it's just a miscalculation. Again, if the extra 4.5mm changes your buy/sell/hold outlook on the coin then you should sell. But, the success of the project doesn't hinge on the answer, so it's not a big deal like you are suggesting.
What is a big deal, and I agree with you on, is why the team hasn't addressed this question.
Tell me how the market would respond if a billion more coins were added at the next halving. We assume value (market cap) stays the same. The price would gradually be worn down as those coins are added to the exchange because everyone who owns it is already bought in and everyone mining needs to sell at whatever price they can get. This is the effect on current coin holders unbeknownst to them. It's real no matter how much you downplay it. Stop with the straw man arguments. Yes, if it was a billion coins it would be a big deal, but it's not a billion coins. It's not a straw man argument if it's happening. I understand that you think 1000% inflation is a big deal and 20% inflation isn't. Thank you for clarifying. Let's just agree that the devs need to address it.a I'm aware that the coin's POW period will mathematically be extended past 20 million coins and to rectify this the main developer will be ending POW manually near the 20 million mark. I'm not sure if this was just a miscalculation on his end or another issue. If you have anymore concerns, I should be available for a bit longer for questions. Try addressing the concerns on time, since its creating a stir over the community |
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SkyValeey
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July 24, 2014, 07:00:14 PM |
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I'm aware that the coin's POW period will mathematically be extended past 20 million coins and to rectify this the main developer will be ending POW manually near the 20 million mark. I'm not sure if this was just a miscalculation on his end or another issue. If you have anymore concerns, I should be available for a bit longer for questions.
so 20m not 24.5m :-) Great! I have questions:1. why Dev is invisible? He's in other project? He's from Cache? 2. Do you have regular job? I mean if you do, please answer so people will know that you don't have time to be online few h a day  3. when website will be ready? |
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NiccoloMac (OP)
Member
Offline
Activity: 112
Merit: 10
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July 24, 2014, 07:02:42 PM |
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This isn't inflation, it's just a miscalculation. Again, if the extra 4.5mm changes your buy/sell/hold outlook on the coin then you should sell. But, the success of the project doesn't hinge on the answer, so it's not a big deal like you are suggesting.
What is a big deal, and I agree with you on, is why the team hasn't addressed this question.
Tell me how the market would respond if a billion more coins were added at the next halving. We assume value (market cap) stays the same. The price would gradually be worn down as those coins are added to the exchange because everyone who owns it is already bought in and everyone mining needs to sell at whatever price they can get. This is the effect on current coin holders unbeknownst to them. It's real no matter how much you downplay it. Stop with the straw man arguments. Yes, if it was a billion coins it would be a big deal, but it's not a billion coins. It's not a straw man argument if it's happening. I understand that you think 1000% inflation is a big deal and 20% inflation isn't. Thank you for clarifying. Let's just agree that the devs need to address it.a I'm aware that the coin's POW period will mathematically be extended past 20 million coins and to rectify this the main developer will be ending POW manually near the 20 million mark. I'm not sure if this was just a miscalculation on his end or another issue. If you have anymore concerns, I should be available for a bit longer for questions. Try addressing the concerns on time, since its creating a stir over the community Both the developer and I realize this is one our largest problems. We aren't quick enough on the forum, but we're going to try and work on it more. |
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JakeThePanda
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July 24, 2014, 07:03:25 PM |
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2. Do you have regular job? I mean if you do, please answer so people will know that you don't have time to be online few h a day I have a regular job but I'm on here most of the day. I'm assuming his regular job involves working on a computer.  |
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NiccoloMac (OP)
Member
Offline
Activity: 112
Merit: 10
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July 24, 2014, 07:09:35 PM |
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I'm aware that the coin's POW period will mathematically be extended past 20 million coins and to rectify this the main developer will be ending POW manually near the 20 million mark. I'm not sure if this was just a miscalculation on his end or another issue. If you have anymore concerns, I should be available for a bit longer for questions.
so 20m not 24.5m :-) Great! I have questions:1. why Dev is invisible? He's in other project? He's from Cache? 2. Do you have regular job? I mean if you do, please answer so people will know that you don't have time to be online few h a day 3. when website will be ready? 1. He is involved in other projects and prefers his privacy. 2. I do, so that's why posting is infrequent/sporadic. I'm trying to get myself to reply more often. 3. I decided to circumvent the developer for now since he's at a family function, so a placeholder should be up within the hour with a full site by tonight. |
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k0tz
Newbie
Offline
Activity: 41
Merit: 0
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July 24, 2014, 07:18:24 PM |
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I'm aware that the coin's POW period will mathematically be extended past 20 million coins and to rectify this the main developer will be ending POW manually near the 20 million mark. I'm not sure if this was just a miscalculation on his end or another issue. If you have anymore concerns, I should be available for a bit longer for questions.
so 20m not 24.5m :-) Great! I have questions:1. why Dev is invisible? He's in other project? He's from Cache? 2. Do you have regular job? I mean if you do, please answer so people will know that you don't have time to be online few h a day 3. when website will be ready? 1. He is involved in other projects and prefers his privacy. 2. I do, so that's why posting is infrequent/sporadic. I'm trying to get myself to reply more often. 3. I decided to circumvent the developer for now since he's at a family function, so a placeholder should be up within the hour with a full site by tonight. Thank you for the update. Any plans on multipool? |
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NiccoloMac (OP)
Member
Offline
Activity: 112
Merit: 10
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July 24, 2014, 07:28:35 PM |
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Temporary website is up, sorry again about the massive delay
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japandrew73
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July 24, 2014, 07:42:12 PM |
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Thank you for being so dedicated, responsive, and reactive. I'm a long-term holder of PESA |
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k0tz
Newbie
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Activity: 41
Merit: 0
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July 24, 2014, 07:47:03 PM |
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Nice! Instead of Pesa. you could use capitalization, just PESA (w/o dot). IMHO |
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CryptoFlipper
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July 24, 2014, 09:19:53 PM |
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Nice! Instead of Pesa. you could use capitalization, just PESA (w/o dot). IMHO Decided this morning to buy 1.5 BTC worth of PESA. I have high confidence in the ability of dev |
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evtrmm
Sr. Member
Offline
Activity: 392
Merit: 250
So much for "Community"
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July 24, 2014, 09:22:47 PM |
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Basically, a community leader/manager should be assigned to serve as the liaison between the Devs and the forum if getting on here on a reg. basis is an issue. It would serve everyone better and help develop and strengthen the community. If I had not volunteered for other obligations, I would be more than happy to do this, but I am working with another project and need to get it rolling. |
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Tree Fiddy
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July 24, 2014, 10:05:50 PM |
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Nice! Instead of Pesa. you could use capitalization, just PESA (w/o dot). IMHO Decided this morning to buy 1.5 BTC worth of PESA. I have high confidence in the ability of dev What are you basing this confidence on? |
ceo 10 μbtc/day
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BTCNeverSleeps
Member
Offline
Activity: 70
Merit: 10
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July 24, 2014, 10:40:25 PM |
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Nice! Instead of Pesa. you could use capitalization, just PESA (w/o dot). IMHO Decided this morning to buy 1.5 BTC worth of PESA. I have high confidence in the ability of dev What are you basing this confidence on? While other coins drop off the first page in a day or two after the initial pump, Pesa is still on the front page with decent volume. Expect it to go up after POW ends. |
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SkyValeey
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July 24, 2014, 11:11:25 PM
Last edit: July 24, 2014, 11:21:44 PM by SkyValeey |
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NO premine
NO ipo/ico fooling ppl
NO insta
NO newbie 1 day account
NO dev 24h/day in thread fooling about anon, tor and everything very fast
NO hype attack from Dev
We know who Nicollo is
We know Dev is invisible but only because another project, probably Cache, so we know he's not scammer/newbie
Roadmap and plan
All this + are sufficient for me to invest without fear in short/mid/long.
Oh and ofc - good volume and LOW market cap, 125,000$ with price at 1100 sato and 18,8m coins.
I think 500,000-1,000,000 $ cap is very possible.
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