[ANN] QIBUCK COIN - X13 - POS/POBH - 1st Proof of Baghold and asset backed.

[Conurtrol]

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

Yes.  Exactly.

It's really just a question of getting everyone to look closely at the math. At that point it will become a no-brainer.



The key to the idea is the current very low price.

That's what I thought too, but they kept completely ignoring/misunderstanding the math and bringing up XBC, which had absolutely nothing to do with this idea.

I think having a second voice will help though.

XBC burned 47,000 coins, and yes the price rose, then it crashed hard. Burning coins will just initiate a quick pump, IMHO. I think it will only benefit people ready to dump, and not so much the long-term foundation of the coin. There are only 500,000, we need buyers, not less coins. I think after the team brings out the next few announcements, people will feel more secure.

Is XBC a coin with ICO funds to invest and a coin that pays dividends? This is a different situation entirely.

Just an FYI, they don't understand.

If you can contact Busoni, feel free to copy and paste those four or five lines I wrote.  I think you might be right that the only hope is to convince Busoni who convinces the devs and others.

The arrogant ignorance here is really disturbing. I'll wait to see what the devs say.

[Conurtrol]

There will be no putting up phat walls for mass dumpers or burning of coins just to create a  quick pump for the next lot of dumpers who went in and bought low. We will with our work and stable trading exercises organically help to increase buyer confidence. We cannot be responsible for investors deciding to exit at a loss because they can't wait a few weeks for our coin and strategy to develop. The price will grow organically as will the long term investors who will take our coin more seriously and not look at it as the next coin to rape and dump hard to go to the next twitter, or fontas style pump and dump.pump and dump. We will build stabilization through rational trading practices for the benefit of our coin and long term investments. Today I have to send a list to Busoni to pay bounties and we are still looking for anyone that can make us a block explorer/rich list so if any of you can help in that Arena that would be useful to us. .

The idea is not to do a quick pump. Are you open to listen to why this makes sense?

[xcurry]

HEH
I realy dont know and dont understand what i should do to run wallet. I created file with data from OP. I put this file in %appdata&/Qibuck folder and 0 connections. Can some nice person explain me on priv, step by step, how to run Qiwallet. I will be grateful.

[poornamelessme]

I know you have a better grasp on it now and just disagree, but others wouldn't use XBC as a reference if they understood.

I always understood it... just that for some reason our definitions of coin valuation differed.

The only reasons to want the buy wall, in my opinion, would be:

An investor put more into this that he/she should have, and wants out... NOW.
An investor caught some of the low buy orders and wants out with profit .... NOW.

Otherwise, it's not good for the longterm health of the coin.

[pseudonymdude]

I know you have a better grasp on it now and just disagree, but others wouldn't use XBC as a reference if they understood.

I always understood it... just that for some reason our definitions of coin valuation differed.

The only reasons to want the buy wall, in my opinion, would be:

An investor put more into this that he/she should have, and wants out... NOW.
An investor caught some of the low buy orders and wants out with profit .... NOW.

Otherwise, it's not good for the longterm health of the coin.

So then, you don't understand it.  Any investor concerned with the long term health of a dividend coin should want permanently increased dividends.

[Conurtrol]

I know you have a better grasp on it now and just disagree, but others wouldn't use XBC as a reference if they understood.

I always understood it... just that for some reason our definitions of coin valuation differed.

The only reasons to want the buy wall, in my opinion, would be:

An investor put more into this that he/she should have, and wants out... NOW.
An investor caught some of the low buy orders and wants out with profit .... NOW.

Otherwise, it's not good for the longterm health of the coin.

So then, you don't understand it.  Any investor concerned with the long term health of a dividend coin should want permanently increased dividends.

It looks like none of them understand. It's really just a matter of increasing longterm ROI by making a smart decision right now.

[pseudonymdude]

I know you have a better grasp on it now and just disagree, but others wouldn't use XBC as a reference if they understood.

I always understood it... just that for some reason our definitions of coin valuation differed.

The only reasons to want the buy wall, in my opinion, would be:

An investor put more into this that he/she should have, and wants out... NOW.
An investor caught some of the low buy orders and wants out with profit .... NOW.

Otherwise, it's not good for the longterm health of the coin.

So then, you don't understand it.  Any investor concerned with the long term health of a dividend coin should want permanently increased dividends.

It looks like none of them understand.

Right, Busoni is only hope.

[BITDV]

Number 1 both sides do have  valid arguements , burning coins is a double edged sword it could really go either way
number 2 Busoni should NOT be involved in this, he is in a positon were he should be totally unbias and not be involved in the development of QBK at all , he is really a middleman holding the funds for the protection of both the dev's and investors .. and I say that with all due respect to Busoni , I think he runs a nice ship at polo


But personally im a bag holder about 1% in total, and lean towards not burning any coins as even with the maths there and arguements im not 100% sure it will benefit QBK , but saying that im still open minded to it if it shows that it would out weigh not burni g some

[poornamelessme]

So then, you don't understand it.  Any investor concerned with the long term health of a dividend coin should want permanently increased dividends.

Not if it results in less assets (btc) for the dev team to use on new coin features, which I believe would increase the value of the coin (on an exchange) more than any burning + buy wall would.

It also won't do much good to increase the dividend if the price of the coin goes down after the buy wall is removed ... which is a definite possibility, right after folks go into 'dump into the wall' mode.

[pseudonymdude]

So then, you don't understand it.  Any investor concerned with the long term health of a dividend coin should want permanently increased dividends.

Not if it results in less assets (btc) for the dev team to use on new coin features, which I believe would increase the value of the coin (on an exchange) more than any burning + buy wall would.

It also won't do much good to increase the dividend if the price of the coin goes down after the buy wall is removed ... which is a definite possibility, right after folks go into 'dump into the wall' mode.

You really don't understand.  Also, features that are paid for (without a permanent skilled programmer dev who cares about the coin) are more of a pump and dump than anything else.  Who will pay for new features when the funds run out?

[Conurtrol]

MobyDick from polo is going to look at the posts on the last few pages and give his opinion.

[poornamelessme]

You really don't understand.  Also, features that are paid for are more of a pump and dump than anything else.  Who will pay for new features when the funds run out?

As for who pays for features when funds run out ... coins sometimes go with donations, or if the asset fund is making profits, the team could use some of those profits for new features if they so choose. It also depends what features are added, as it's possible after a certain point it wouldn't be necessary to add anything overly expensive feature-wise.

Anyway, your tactic seems to be that if anyone disagrees with you, they simply don't understand what you are saying?

This is getting tiresome. Contact Busoni... I'm sure he'd be happy to implement that buy wall for you, on a coin he isn't in charge of... just because it's on his exchange.

[pseudonymdude]

You really don't understand.  Also, features that are paid for are more of a pump and dump than anything else.  Who will pay for new features when the funds run out?

As for who pays for features when funds run out ... coins sometimes go with donations, or if the asset fund is making profits, the team could use some of those profits for new features if they so choose. It also depends what features are added, as it's possible after a certain point it wouldn't be necessary to add anything overly expensive feature-wise.

Anyway, your tactic seems to be that if anyone disagrees with you, they simply don't understand what you are saying?

This is getting tiresome. Contact Busoni... I'm sure he'd be happy to implement that buy wall for you, on a coin he isn't in charge of... just because it's on his exchange.

It's not a tactic.  They have the funds to buy up the entire coin at .0001 with plenty of funds left over, but for some reason you think the buywall will fail.

They can't use the profits because those will be distributed to QBK holders.

[Conurtrol]

Moby Dick on poloniex:

"Shogun, I can see how it would work at this particular moment- they would need to be aggressive tho- and it doesn't seem they are motivated to do this."

[pseudonymdude]

Moby Dick on poloniex:

"Shogun, I can see how it would work at this particular moment- they would need to be aggressive tho- and it doesn't seem they are motivated to do this."

Right.  You would need someone they trust who could convince them.

If you can't get Busoni or anyone, I don't think there's any point in fighting the good fight here.

[naidledoes]

I really don't think we should be focusing on anything right now other than a good investment strategy for the ICO funds.
[/quote]

Exactly. Anyway, that poll does nothing. I wanna see a poll of actual coin holders, not forum members. I bought this coin because I trust the devs to build and grow assets for dividends... not so I can hop on the late bandwagon for anon and buy drugs or porn or whatever the fuck... honestly, if anon is implemented I'm not interested in qbk anymore, I'll just go get some more sync. But I like the dev team. I frequent polo almost exclusively,  so I know them from trollbox. Let's do a new poll. Anon is the only interesting feature in the last one, no wonder it got 33 votes.

[Conurtrol]

Moby Dick on poloniex:

"Shogun, I can see how it would work at this particular moment- they would need to be aggressive tho- and it doesn't seem they are motivated to do this."

Right.  You would need someone they trust who could convince them.

If you can't get Busoni or anyone, I don't think there's any point in fighting the good fight here.

MobyDick is the resident coin expert on Poloniex and he thinks it would work. That quote is from the polo troll box just now.

[pseudonymdude]

Moby Dick on poloniex:

"Shogun, I can see how it would work at this particular moment- they would need to be aggressive tho- and it doesn't seem they are motivated to do this."

Right.  You would need someone they trust who could convince them.

If you can't get Busoni or anyone, I don't think there's any point in fighting the good fight here.

MobyDick is the resident coin expert on Poloniex and he thinks it would work. That quote is from the polo troll box just now.

Right, but it doesn't seem like he's convinced anyone.

edit: Do you get a different feeling?

[maqa71]

HEH
I realy dont know and dont understand what i should do to run wallet. I created file with data from OP. I put this file in %appdata&/Qibuck folder and 0 connections. Can some nice person explain me on priv, step by step, how to run Qiwallet. I will be grateful.

Make sure you save the conf file with correct name

Code:

Qibuck.conf

this wont work

Code:

qibuck.conf

[Conurtrol]

Moby Dick on poloniex:

"Shogun, I can see how it would work at this particular moment- they would need to be aggressive tho- and it doesn't seem they are motivated to do this."

Right.  You would need someone they trust who could convince them.

If you can't get Busoni or anyone, I don't think there's any point in fighting the good fight here.

MobyDick is the resident coin expert on Poloniex and he thinks it would work. That quote is from the polo troll box just now.

Right, but it doesn't seem like he's convinced anyone.

edit: Do you get a different feeling?

Nope looks like you're right. Ignorance and apathy everywhere. I normally wouldn't mind but I own a lot of QBK and I know this plan is a great idea.