Bitcoin Forum
September 20, 2017, 05:58:23 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Poll
Question: .
. - 0 (0%)
. - 3 (100%)
Total Voters: 3

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 [36] 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 »
  Print  
Author Topic: [ANN][TRK] ★ Truckcoin ★ Pure PoS up to 200% per year ★ Cryptopia  (Read 131734 times)
noise23
Hero Member
*****
Offline Offline

Activity: 719



View Profile
July 24, 2015, 11:43:17 PM
 #701

First: PLEASE Noise, can you add a third option to read on the voting system to read: Add inflation control with 50-200% diff based PoS rate AND do a coin swap to reduce the money supply to around 5 mil? I think youll be VERY surprised at the results. That is the only thing missing from truck to join the rest of the awesome hi pos coins people are beginning to store their money in.  

I agree, all the best highpos coins, the quality ones reside on Cryptsy. I would invest heavier in a coin swap. I know you said no, but the advanced traders shy away from coins with a money supply over 10 mil. I would even pay for most of the cost for the swap, because I believe truck has SOOO much going for it. If we could bring the supply down to around 3-5 Mil and then adjust the pos to read 50%-200% annual, and get on Cryptsy, this coin would fly, because I would certainly invest heavily into it. Reducing the money supply WILL also increase the value of the coin. Truck is just as good as all those other popular hipos coins that are doing so well on Cryptsy, it just needs a reduction in money supply. Thats all. Ill support you however I can. I agree , masternodes are just a trend and really wont help truck.

Vegas

I will not add swap option to the poll because you have to find another dev to do the swap, i'm not going to ruin quality coin.

TEK moneysupply - 22.7 mil
HBN moneysupply -12.7 mil
CAP moneysupply - 21.4 mil
HYP moneysupply - 262 mil
TRK moneysupply - 29.3 mil

TRK moneysupply is actually LOW. There are a lot of coins running pretty well with much higher moneysupply.

Look at the HYP - moneysupply is almost 10 times higher than ours but it's still doing great. That's because HYP has an excellent promotion team. Promo is the key, moneysupply does not matter (if it's not zillions of course).
          ▄█████▄
        ▄█████████▄
      ▄████▀   ▀████▄
    ▄████▀   ▄ ▄█▀████▄
  ▄████▀   ▄███▀   ▀████▄
▄████▀   ▄███▀   ▄   ▀████▄
█████   ███▀   ▄███   █████
▀████▄   ▀██▄▄███▀   ▄████▀
  ▀████▄   ▀███▀   ▄████▀
    ▀████▄       ▄████▀
      ▀████▄   ▄████▀
        ▀███  ████▀
          ▀█▄███▀
.
|
.
|
          ▄█████▄
        ▄█████████▄
      ▄████▀   ▀████▄
    ▄████▀   ▄ ▄█▀████▄
  ▄████▀   ▄███▀   ▀████▄
▄████▀   ▄███▀   ▄   ▀████▄
█████   ███▀   ▄███   █████
▀████▄   ▀██▄▄███▀   ▄████▀
  ▀████▄   ▀███▀   ▄████▀
    ▀████▄       ▄████▀
      ▀████▄   ▄████▀
        ▀███  ████▀
          ▀█▄███▀
unthy
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1505887103
Hero Member
*
Offline Offline

Posts: 1505887103

View Profile Personal Message (Offline)

Ignore
1505887103
Reply with quote  #2

1505887103
Report to moderator
1505887103
Hero Member
*
Offline Offline

Posts: 1505887103

View Profile Personal Message (Offline)

Ignore
1505887103
Reply with quote  #2

1505887103
Report to moderator
1505887103
Hero Member
*
Offline Offline

Posts: 1505887103

View Profile Personal Message (Offline)

Ignore
1505887103
Reply with quote  #2

1505887103
Report to moderator
vegasguy
Legendary
*
Offline Offline

Activity: 1190


"Yobit pump alert software" Link in my signature!


View Profile
July 24, 2015, 11:50:53 PM
 #702

Dont you agree that HYP should be worth soooo much more with Presstab as dev?? Its been stuck at 200-300 sat forever. Thats all it will ever be worth, and Hyperstake has an aggresive marketing scheme, its the inflation holding it at 300 sat. HBN , one of the LOWEST money supplies has been rising in price. Truck is one of the best coins out and is stuck at <200 sat for months. Go head find me a coin that has been out a year or more and has 30 Million coins and has a value over 1000 sat? (excluding BTC/LTC).

Btw HYP and Truck are the two on the list that have the most money supply, and worth the least, AND they have the best devs!?!?!?

We can hire a qualified dev to do the swap. Ill pay for it. It wont destroy the coin. Everyone just uploads their coin to bittrex, and you send Bittrex the new wallet with instructions on the ratio, and they swap. When its ready users download their new coins into their new wallet. Bittrex handles most of it, there is no way to screw this up. I had heard that bittrex does not charge for coin swap, but not sure.

DMD (Diamond coin) is 2 years old, it has a money supply of 1.1M. Currently 177,000 sats. 50% pos, 7 day min stake. (Notice, this has the LOWEST money supply of them all, AND has the highest price). Market cap $500,000

Hypercoin (NOT HYP)- Over 1 year old. Money supply 4.5 Mil, current price 35,000 sats. 60% POS. 24 hr min stake age.

Orbitcoin (Orb). Over 2 years old Money supply 2 Million, 20,000 sats.

Vegas

I want to make sure everyone knows that I just released my software called "Yobit pump alert". THis is custom software that uses an algo to detect the start of a pump here on yobit, the second it starts. YOu can even filter the coins you see by price. Most pumps start less than 100 sats , so you can easily filter the cheap coins, so they are the only ones displayed Smiley https://bitcointalk.org/index.php?topic=1945937.msg20241953#msg20241953
vegasguy
Legendary
*
Offline Offline

Activity: 1190


"Yobit pump alert software" Link in my signature!


View Profile
July 25, 2015, 12:11:25 AM
 #703

Noise, please add option to poll : "Reduce money supply with coin swap" and just prove me wrong. Probably no one will click on it right? Wink Please keep in mind, I want whats best for truck, thats all. I think if you did a swap AND added a moderate premine in, everyone would be fine with it, or a larger premine like 5% and use this money for promotions. 


Vegas


I want to make sure everyone knows that I just released my software called "Yobit pump alert". THis is custom software that uses an algo to detect the start of a pump here on yobit, the second it starts. YOu can even filter the coins you see by price. Most pumps start less than 100 sats , so you can easily filter the cheap coins, so they are the only ones displayed Smiley https://bitcointalk.org/index.php?topic=1945937.msg20241953#msg20241953
elgimpo
Sr. Member
****
Offline Offline

Activity: 260


View Profile
July 25, 2015, 12:39:44 AM
 #704

TRK does not need a coin swap vegas. Horrible idea.

Tell us why you think CAP and TEK are the best pos coins ever but TRK is inflated?
Lightsplasher
Sr. Member
****
Offline Offline

Activity: 357


View Profile
July 25, 2015, 01:00:34 AM
 #705

Noise, please add option to poll : "Reduce money supply with coin swap" and just prove me wrong. Probably no one will click on it right? Wink Please keep in mind, I want whats best for truck, thats all. I think if you did a swap AND added a moderate premine in, everyone would be fine with it, or a larger premine like 5% and use this money for promotions. 


Vegas



I wouldn't change anything, things are working fine at this point from my point of view, except that, I have had problems with the default port being the same as Hyperstake and causing issues, how hard is this to change? 

There are many other similar such coins and others can be easily started from open source code.  I think it is important to work on promotion and the free flow of coins.  Stagnation is a worse problem than inflation in my opinion.

I think the 250 cap in combination with the block time will eventually put the breaks on inflation but right now we are producing coins faster than the community is growing so the price is low.  If the community grows we may all be complaining about missed opportunities.  Cheesy

Sometimes you need to grease the wheels and give some product away for free so to speak to drive interest.  Just a few ideas but any interest in doing a video promotion contest?  Maybe offering bounties for blog postings or graphics?

Enema
Sr. Member
****
Offline Offline

Activity: 316


View Profile
July 25, 2015, 02:29:20 AM
 #706

I can not vote, maybe of my status.
But my vote is :keep 200% fixed.
For the same reason as Noise and others have posted.

Biomech
Legendary
*
Offline Offline

Activity: 1176


Anarchy is not chaos.


View Profile
July 25, 2015, 04:17:40 AM
 #707

Dont you agree that HYP should be worth soooo much more with Presstab as dev?? Its been stuck at 200-300 sat forever. Thats all it will ever be worth, and Hyperstake has an aggresive marketing scheme, its the inflation holding it at 300 sat. HBN , one of the LOWEST money supplies has been rising in price. Truck is one of the best coins out and is stuck at <200 sat for months. Go head find me a coin that has been out a year or more and has 30 Million coins and has a value over 1000 sat? (excluding BTC/LTC).

Btw HYP and Truck are the two on the list that have the most money supply, and worth the least, AND they have the best devs!?!?!?

We can hire a qualified dev to do the swap. Ill pay for it. It wont destroy the coin. Everyone just uploads their coin to bittrex, and you send Bittrex the new wallet with instructions on the ratio, and they swap. When its ready users download their new coins into their new wallet. Bittrex handles most of it, there is no way to screw this up. I had heard that bittrex does not charge for coin swap, but not sure.

DMD (Diamond coin) is 2 years old, it has a money supply of 1.1M. Currently 177,000 sats. 50% pos, 7 day min stake. (Notice, this has the LOWEST money supply of them all, AND has the highest price). Market cap $500,000

Hypercoin (NOT HYP)- Over 1 year old. Money supply 4.5 Mil, current price 35,000 sats. 60% POS. 24 hr min stake age.

Orbitcoin (Orb). Over 2 years old Money supply 2 Million, 20,000 sats.

Vegas


I'm gonna get killed by two friends here Tongue

Vegas, that coin with a value over 1K sats is TEK. You're in it heavy Cheesy

I actually think that you're wrong on HYP. not that it's value will go up PER COIN, but that's in itself pretty amazing considering it's production. It has held between 2 and 400 for a LONG time, and it's supply is nearly exponential. I think it's overall value, vs production, has actually increased. I'd have to do the math on that to be certain, but when the coin had a couple million, it was at 2000ish, and now that it's a whole hell of a lot more than that, it's still worth (an hour ago) 327 sats. Not bad performance at all, just not much value per token.

I personally think that TRK is fine as is for the most part, just needs some promotion and use cases. noise23 is a great code guy. Better than he thinks he is, cuz he can make my dumb ass mostly understand wallet code. Marketing, that he could use. I've no opinion on most of the ones you mentioned due to not having dealt with them. My coins are TEK, HBN, TRK, (just now) Version 2, HYP, and of course GMC since I'm it's general manager. Of the lot, I've done the best with TEK and HYP, in that order. TRK was largely a side note, but it works and works good. HBN is rather slow to build, but when it does it's quite profitable, if you don't do something stupid like breaking the hard drive with the wallet file (gnashing teeth). (had backups of everything else... )

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
noise23
Hero Member
*****
Offline Offline

Activity: 719



View Profile
July 25, 2015, 10:23:25 AM
 #708

Noise, please add option to poll : "Reduce money supply with coin swap" and just prove me wrong. Probably no one will click on it right? Wink Please keep in mind, I want whats best for truck, thats all. I think if you did a swap AND added a moderate premine in, everyone would be fine with it, or a larger premine like 5% and use this money for promotions. 


Vegas

TRK does not need a swap, it is the worst idea for the coin i can ever imagine. TRK moneysupply is low for the high pos coin.
I will not discuss it anymore - as long as i'm the dev for Truckcoin there will be no swap.
noise23
Hero Member
*****
Offline Offline

Activity: 719



View Profile
July 25, 2015, 10:45:32 AM
 #709

Regarding the promo funding - TRK development fund wallet address is pRcEYJjZRoeCkyjG9jejM1HfLLdQDq6HTT , listed in the OP.

Current wallet balance is 107972 TRK - ready to be spent for promotion/pr but we need some ideas.
vegasguy
Legendary
*
Offline Offline

Activity: 1190


"Yobit pump alert software" Link in my signature!


View Profile
July 25, 2015, 05:03:13 PM
 #710

Dont you agree that HYP should be worth soooo much more with Presstab as dev?? Its been stuck at 200-300 sat forever. Thats all it will ever be worth, and Hyperstake has an aggresive marketing scheme, its the inflation holding it at 300 sat. HBN , one of the LOWEST money supplies has been rising in price. Truck is one of the best coins out and is stuck at <200 sat for months. Go head find me a coin that has been out a year or more and has 30 Million coins and has a value over 1000 sat? (excluding BTC/LTC).

Btw HYP and Truck are the two on the list that have the most money supply, and worth the least, AND they have the best devs!?!?!?

We can hire a qualified dev to do the swap. Ill pay for it. It wont destroy the coin. Everyone just uploads their coin to bittrex, and you send Bittrex the new wallet with instructions on the ratio, and they swap. When its ready users download their new coins into their new wallet. Bittrex handles most of it, there is no way to screw this up. I had heard that bittrex does not charge for coin swap, but not sure.

DMD (Diamond coin) is 2 years old, it has a money supply of 1.1M. Currently 177,000 sats. 50% pos, 7 day min stake. (Notice, this has the LOWEST money supply of them all, AND has the highest price). Market cap $500,000

Hypercoin (NOT HYP)- Over 1 year old. Money supply 4.5 Mil, current price 35,000 sats. 60% POS. 24 hr min stake age.

Orbitcoin (Orb). Over 2 years old Money supply 2 Million, 20,000 sats.

Vegas



I'm gonna get killed by two friends here Tongue

Vegas, that coin with a value over 1K sats is TEK. You're in it heavy Cheesy

I actually think that you're wrong on HYP. not that it's value will go up PER COIN, but that's in itself pretty amazing considering it's production. It has held between 2 and 400 for a LONG time, and it's supply is nearly exponential. I think it's overall value, vs production, has actually increased. I'd have to do the math on that to be certain, but when the coin had a couple million, it was at 2000ish, and now that it's a whole hell of a lot more than that, it's still worth (an hour ago) 327 sats. Not bad performance at all, just not much value per token.

I personally think that TRK is fine as is for the most part, just needs some promotion and use cases. noise23 is a great code guy. Better than he thinks he is, cuz he can make my dumb ass mostly understand wallet code. Marketing, that he could use. I've no opinion on most of the ones you mentioned due to not having dealt with them. My coins are TEK, HBN, TRK, (just now) Version 2, HYP, and of course GMC since I'm it's general manager. Of the lot, I've done the best with TEK and HYP, in that order. TRK was largely a side note, but it works and works good. HBN is rather slow to build, but when it does it's quite profitable, if you don't do something stupid like breaking the hard drive with the wallet file (gnashing teeth). (had backups of everything else... )

These are just my ideas. Ive seen time and time again coins get inflated and value goes way down and people lose interest in the coin and volume is way down. I do want truck to have a good future, so anyway I can help I will. We have to ask the question: Truck has a great dev, it has a perfect wallet, its 200% per year, its been around a long time... why the lack of interest from investors and low price? I certainly think landing on Cryptsy with the rest of the high POS trusted mature coins will be a great start. Truck DOES belong with them. I think we need to make this thread more active to keep it bumped to the top of the altcoin/announcements section. I DO see the potential in Truck, there is just something we need to do to get it in with HBN ,CAP, and TEK. So one thing we could do is raise awareness on the Tek thread that Noise is one of the developers. Im not sure how to word it , because I dont know where Noise fits in with tek, and I dont want to upset Thundertoe. I also know that is some history with Presstab regarding truck. Can we get him to help us by endorsing Truckcoin? If we can get him to do 1 upgrade and put his name on it, truckcoin will fly. See Ratecoin. We need to make a plan. I can endorse truck on my site. I get 5000+ crypto visitors per week, and we can get on Cryptsy with HBN and Cap and Tek and promote Truck on Tek thread if Dev Thundertoe will allow. .... and Bio , I still think your awesome!!!


Vegas

I want to make sure everyone knows that I just released my software called "Yobit pump alert". THis is custom software that uses an algo to detect the start of a pump here on yobit, the second it starts. YOu can even filter the coins you see by price. Most pumps start less than 100 sats , so you can easily filter the cheap coins, so they are the only ones displayed Smiley https://bitcointalk.org/index.php?topic=1945937.msg20241953#msg20241953
Lightsplasher
Sr. Member
****
Offline Offline

Activity: 357


View Profile
July 25, 2015, 05:38:21 PM
 #711


completely agreed. also would you be willing to help with the translation bounty that will bring more exposure to our coin?

I'm willing to help with the Greek translation bounty, I can't chip in much but pm me TRK, HBN, HYP, XMG, XQN address or a combination and I'll send a donation if and when things get done.  I'm very tired of watching the way big banks and politicians are dealing with the debt crisis.  At least there is no mortgage attached to TRK investment.  Wink  (I'll be out travelling for the next few weeks though so it may take some time for payment)

dennislevy
Sr. Member
****
Offline Offline

Activity: 260



View Profile
July 25, 2015, 11:05:04 PM
 #712

Quote
Yes I do remember giving you a hard time for changing the POS. I do apologize. I was wrong.After many more months experience in crypto, I see that money supply is VERY important, and that it must be in check. I understand now your reasons for the change. So, if you have no plans to implament master nodes, or reduce coin supply, or do a makeover on the wallet, what are your ideas? Truck is already on Bittrex, in my mind the best exchange to be on.

Vegas

Should I believe my eyes? Vegas admitting he was wrong? Noooo! that cannot be right! Just giving you a hard time.
Glad to see you can admit once in a while you might have been wrong. noise23, I voted for the 50-200% variable.
Also, I do not think inflation is out of control, maybe a little tweak would be good. Maybe talk to some of the TekHeads,
and find out how they got listed at Cryptsy. Maybe, presstab has some suggestions too. Just some plain spreading the word about TRK
could not hurt. Maybe a faucet, to get to new coin holders involved? I would donate a 100k towards some kind of giveaway.
Maybe a mystery donations to new TRK wallets, or even a raffle of some kind? Anyone else have any ideas?

Peace, Dennis

dennislevy
Sr. Member
****
Offline Offline

Activity: 260



View Profile
July 25, 2015, 11:50:06 PM
 #713

It was just a few months ago, that TRK was down to about 40+ satoshi and getting threatened with delisting by Bittrex.
Now it has been up around 190 satoshi, that is a 400% increase, is it not Vegas? Cannot be sure where it is currently,
since wallet and market is currently disabled at Bittrex. By the way Rate coin only shot up a 100% after fork.
Vegas, you should start your own coin with all of your parameters! Instead of telling devs, how they should run their coins!
Then you can brag and tell all of them, they should have listened to you  Grin  Sorry, I'm BAD!  Cheesy
In all kidding a side, your idea of more community involvement to get noticed on BitCoinTalk board is a good suggestion!
Come up with some more ideas on how we should promote TRK. Twitter might be a good place to start, maybe Facebook too.
Not sure if Bittrex has a troll box, never really checked it out. C-cex has a good troll box, maybe even get listed there.
But, would need daily volume of .2 BTC. Cryptsy wouuld still be the better choice, to get listed at. As low volume does not
currently seem to be an issue there.

Peace, Dennis

vegasguy
Legendary
*
Offline Offline

Activity: 1190


"Yobit pump alert software" Link in my signature!


View Profile
July 26, 2015, 01:15:30 AM
 #714

Ya, these are just ideas, thats all it is. At the end of the day, dev gets to make final decision. Im ok with that. Maybe Noise likes some of my suggestions , maybe none. Thats ok. Just trying to support the coin. For the record there have only been 2 devs Ive been agressive towards. 1 was Noise, and I made a mistake and appologised. The other dev , well most of you know who it is, I hate with a passion, and many others do too. For the most part I get along with pretty much everyone in crypto, and I go out of my way to support good solid honest devs anyway I can. Im man enough to admit when ive made a mistake and offer a sincere apology.

Vegas

I want to make sure everyone knows that I just released my software called "Yobit pump alert". THis is custom software that uses an algo to detect the start of a pump here on yobit, the second it starts. YOu can even filter the coins you see by price. Most pumps start less than 100 sats , so you can easily filter the cheap coins, so they are the only ones displayed Smiley https://bitcointalk.org/index.php?topic=1945937.msg20241953#msg20241953
Coinmin
Sr. Member
****
Offline Offline

Activity: 463


View Profile
July 26, 2015, 03:32:27 AM
 #715

Ya, these are just ideas, thats all it is. At the end of the day, dev gets to make final decision. Im ok with that. Maybe Noise likes some of my suggestions , maybe none. Thats ok. Just trying to support the coin. For the record there have only been 2 devs Ive been agressive towards. 1 was Noise, and I made a mistake and appologised. The other dev , well most of you know who it is, I hate with a passion, and many others do too. For the most part I get along with pretty much everyone in crypto, and I go out of my way to support good solid honest devs anyway I can. Im man enough to admit when ive made a mistake and offer a sincere apology.

Vegas



Well said! Thank you for the support Noise23 as a solid dev. Not every man can admit his mistakes. I really appreciate this.
I voted for the 50-200% variable.
vegasguy
Legendary
*
Offline Offline

Activity: 1190


"Yobit pump alert software" Link in my signature!


View Profile
July 26, 2015, 03:26:21 PM
 #716

Well keeping this thread active and at the top of the altcoim/announcements has made a massive difference. Greece is also looking for safe places to store their money. Thanks for the greek translation. Truck is doing amazing on Bittrex today. Lets keep this thread active guys!! I will be buying more Truck as I have ALWAYS held truck since nearly the beginning. When you buy, it raises attention to other investors.




I want to make sure everyone knows that I just released my software called "Yobit pump alert". THis is custom software that uses an algo to detect the start of a pump here on yobit, the second it starts. YOu can even filter the coins you see by price. Most pumps start less than 100 sats , so you can easily filter the cheap coins, so they are the only ones displayed Smiley https://bitcointalk.org/index.php?topic=1945937.msg20241953#msg20241953
Lightsplasher
Sr. Member
****
Offline Offline

Activity: 357


View Profile
July 26, 2015, 03:32:33 PM
 #717

https://bitcointalk.org/index.php?topic=1135310.new#new the greek trk translation is here. anyone that wants to send me a bounty for my work please contact me via pm.

Thank you much for your work!  I might of bumped Bittrex a bit raising your bounty.  Cheesy Wink

Enema
Sr. Member
****
Offline Offline

Activity: 316


View Profile
July 26, 2015, 05:26:50 PM
 #718

Are we not forgetting something ?
TRK does have inflations control !
It is the same as HYP if I am not mistaken, capping + diff + max. blocks/day.
Have a look at HYP block explorer and tell me if it does not work great.

So what are the benefits to switch to a different inflation control like TEK has ?

The greatest flaw in proposed control like TEK (and maybe HYP too) is that it gives full control to just a few big holders to dictate interest rate to whatever they like.
The impact of it can be clearly seen with TEK.

Why not using coin supply to adjust interest rate ?
That's how it is done in the real world, current network load or diff does not makes much sense in that way.
It would give a few big holders no opportunity to control the interest rate.
Also it would give a smooth and steady adjustment of interest rate.
It would remove rapid/strong fluctuations, if you look at the graphs on HYP explorer there is a lot of noise on the base line besides from some bigger fluctuations.
( noise = fluctuation of network diff not to be confused with noise23 )

Enema
Sr. Member
****
Offline Offline

Activity: 316


View Profile
July 26, 2015, 05:30:39 PM
 #719

Well keeping this thread active and at the top of the altcoim/announcements has made a massive difference. Greece is also looking for safe places to store their money. Thanks for the greek translation. Truck is doing amazing on Bittrex today. Lets keep this thread active guys!! I will be buying more Truck as I have ALWAYS held truck since nearly the beginning. When you buy, it raises attention to other investors.




I think promotion and positive attention will have more impact then technical features.
Traders mostly only care about volume and dynamics and don't care at all about whatever features or tech stuff is included in the package.

In line with this :
Price as always is a matter of supply and demand.

Biomech
Legendary
*
Offline Offline

Activity: 1176


Anarchy is not chaos.


View Profile
July 26, 2015, 06:22:25 PM
 #720

I've really not weighed in on this with an opinion, just some general comments. So, now I am.

First, fixed interest with a cap works great, look at TRK's descendant, HYP. Also, on a high POS coin with unlimited or near unlimited supply going forward, over time the price per unit SHOULD drop, but the inflation should offset this. It also gives people great and small the incentive to SAVE and have that investment working for them. yes, HYP is worth ~300 sats, but with the production from a moderate stash, that is still quite profitable. Vegas, i think you are focused too narrowly on the per-unit price rather than the overall production.

OTOH, a NVCS style inflation control, such as TEK, also works well. Stated invflation of TEK is 500% APR. In reality it's quite a bit less than that overall because most holders are not withholding their staking opportunities to find that sweet spot in the difficulty. Those that are, are well rewarded individually, but have little overall impact on actual production. Both systems work quite well.

Proof of Stake coins have two inflation control mechanisms. One is the mechanics of the coin, HYP/TRK style or NVCS. The other is that "mining" is based on the size of your wallet. This inherent mitigation tends to attract users who are NOT going to dump, but simply take a bit of profit from time to time, and this keeps the prices relatively stable once the market determines what stable should be. Given the timeframes, I think most have done pretty well except for complete gimmicks like snoballs.

My opinion is the mechanics of TRK should remain as they are, and promotion be the focus.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 [36] 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!