Announcing ProzCoin : Proof of Action (PoA)

[JTB800]

I strongly disagree with this. Every miner wants less shares -- why wouldn't they?!! But, the ones taking the risks are the early investors. They should get more shares for their money. And every investor will agree with me, of course. So, having a vote or a general "community consensus" is rather unnecessary. We all know whether they are miners or investors by their vote alone. So, I vote more shares for the investors. Guess what kind of "community member" I am?  

I hear you sir!  Luckily for early investors, under both scenarios you would benefit from having invested early, as the burned coins will cause the other coins to be more rare by proxy, thus increasing their value on the market.  So, either way, early investors won't lose out, and will see their original investment gain value!  To further the point for a need for a vote, we have community members on both sides voicing rational explanations for their side.  The vote would allow the community to see the pros and cons of both and make a decision that is not unilateral.


Chris

Actually, that is only true in an environment where it would matter (i.e. be significant). In this case, it is not. Only 20% of the shares are up for sale. Therefore, the extra shares would have much more value in the immediate aftermath of the ICO. And the whole idea of being an early investor is to get more value than the guy who just waits for it to trade. And as more and more ICOs immediately trade below the original investment price, less and less investors will be found. That is, of course, not your concern as you only care about this ICO. But, it does partially explain why ProzCoin has struggled to sell out in a fast fashion. People are beginning to feel like they are being taken advantage of. The prices have tended to be too high and the investor doesn't get the risk/reward ratio that is deserved. Not giving the early investors a fair share of the ICO is just another mark against ICOs.

[ProzCoin]

]

Actually, that is only true in an environment where it would matter (i.e. be significant). In this case, it is not. Only 20% of the shares are up for sale. Therefore, the extra shares would have much more value in the immediate aftermath of the ICO. And the whole idea of being an early investor is to get more value than the guy who just waits for it to trade. And as more and more ICOs immediately trade below the original investment price, less and less investors will be found. That is, of course, not your concern as you only care about this ICO. But, it does partially explain why ProzCoin has struggled to sell out in a fast fashion. People are beginning to feel like they are being taken advantage of. The prices have tended to be too high and the investor doesn't get the risk/reward ratio that is deserved. Not giving the early investors a fair share of the ICO is just another mark against ICOs.

Well, I agree with everything you are saying, but the 30 million would only immediately be an issue on the market if they were immediately going to be up for sale. The 30 million were never going to be immediately available immediately following the ICO.  As far as "just caring about the ICO", that is not true at all.  We have been working on the Coin Proz project for almost 6 months now, and put over 10k USD into the project alone.  The ICO  was a crowd funding project to further development of hardware and software for the organization/community.  I think people are getting jaded about ICO's because there are too many scammers.


Chris

[ProzCoin]

Earn up to 500 PROZ by doing a few tasks.  Proof of Action

https://gleam.io/Y2FI3/prozcoin-proof-of-action

email coinproz@gmail.com if you have questions

done all but facebook.
I did subscribe to the webpage, but that task hasn't been approved - I sent you a mail already.

Payouts won't begin until at LEAST after ICO ends, and this PoA test period ends in 3 days.



Chris

[LordPiccolo]

We have had 224 entries in a few hours.  Proof of Action appears to be off to a great start.

https://gleam.io/Y2FI3/prozcoin-proof-of-action

https://c-cex.com/?p=burst-btc

Just tweeted, where do I send my address to?

[GreatOrchid]

We have had 224 entries in a few hours.  Proof of Action appears to be off to a great start.

https://gleam.io/Y2FI3/prozcoin-proof-of-action

https://c-cex.com/?p=burst-btc<-----------------this

why is burst here ?
is this your coin i thought you guys knew what your doing
or is it another boo boo

[teamcryptonator]

PROZ is listed on CRYPTONATOR

[eterna156]

We have had 224 entries in a few hours.  Proof of Action appears to be off to a great start.

https://gleam.io/Y2FI3/prozcoin-proof-of-action

https://c-cex.com/?p=burst-btc<-----------------this

why is burst here ?
is this your coin i thought you guys knew what your doing
or is it another boo boo

Saw that too, odd.

[ProzCoin]

Article about Prozcoin up on The Coin Front!

http://thecoinfront.com/want-to-get-paid-to-learn-about-bitcoin-theres-an-alt-for-that/

[KenR]

]

Actually, that is only true in an environment where it would matter (i.e. be significant). In this case, it is not. Only 20% of the shares are up for sale. Therefore, the extra shares would have much more value in the immediate aftermath of the ICO. And the whole idea of being an early investor is to get more value than the guy who just waits for it to trade. And as more and more ICOs immediately trade below the original investment price, less and less investors will be found. That is, of course, not your concern as you only care about this ICO. But, it does partially explain why ProzCoin has struggled to sell out in a fast fashion. People are beginning to feel like they are being taken advantage of. The prices have tended to be too high and the investor doesn't get the risk/reward ratio that is deserved. Not giving the early investors a fair share of the ICO is just another mark against ICOs.

Well, I agree with everything you are saying, but the 30 million would only immediately be an issue on the market if they were immediately going to be up for sale. The 30 million were never going to be immediately available immediately following the ICO.  As far as "just caring about the ICO", that is not true at all.  We have been working on the Coin Proz project for almost 6 months now, and put over 10k USD into the project alone.  The ICO  was a crowd funding project to further development of hardware and software for the organization/community.  I think people are getting jaded about ICO's because there are too many scammers.


Chris

Yes, that's what I'm worried about
I hope not like that

[Eleonore]

Want To Get Paid To Learn About Bitcoin? There’s An Alt For That!

http://thecoinfront.com/want-to-get-paid-to-learn-about-bitcoin-theres-an-alt-for-that/

Thanks dev, i have learned from this article and i think POA will have a good future!

[Altcoin Agent]

Prozcoin still seems to be selling well, look : https://c-cex.com/?p=proz-btc

I believe Prozcoin is going to be the grease that oils the Coinproz machine, it's one of the tools that will revolutionize content creation, learning and sharing.
Proof of Action is not just some kind of "Proof of (...)" gimmick. It shows great promise to really bring something new to the table.
It's altcoins like these that deserve a place in the spotlight.

I'd like to remind everyone that I'm doing a Prozcoin promotion : for a mere 75k Proz I'll make you one of my kickass trailers.

Like this ( click the GIFs to see the videos on YouTube )


                      


 or this

                      


for example.

They come with animated logos and GIFs for use in the forum

[ProzCoin]

Want To Get Paid To Learn About Bitcoin? There’s An Alt For That!

http://thecoinfront.com/want-to-get-paid-to-learn-about-bitcoin-theres-an-alt-for-that/

Thanks dev, i have learned from this article and i think POA will have a good future!

With almost 2,000 entries in the first 24 hours, I believe I can say with confidence that the first PoA block has been a success!

https://gleam.io/Y2FI3/prozcoin-proof-of-action

ICO has only 6 million coins left!

https://c-cex.com/?p=proz-btc


Chris

[binyao]

Please show the address of the other coins in the announce OP, for anyone to check it.

[ProzCoin]

Please show the address of the other coins in the announce OP, for anyone to check it.

http://www.svallet.info/addr/1PRozi3UhpXtC4kZtPD1nfCFXJkXrV27Wp

Balance=   70878994.00000004




Chris

[ProzCoin]

Over 2,100 Entries in the first 24 hours!!! 

https://gleam.io/Y2FI3/prozcoin-proof-of-action



The best part about Proof of Action is that we can demonstrably PROVE that we have had 2100 entries of real people willing to advertise for us for Prozcoin.

https://c-cex.com/?p=proz-btc

ICO has about 6 million coins left!  Don't miss out at 300 Satoshi!

We have figured out the strategy to cross the Mass Adoption Threshold, and we can prove it


Chris

[GreatOrchid]

i like the burning one reminds me of home

[GreatOrchid]

Please show the address of the other coins in the announce OP, for anyone to check it.

http://www.svallet.info/addr/1PRozi3UhpXtC4kZtPD1nfCFXJkXrV27Wp

Balance=   70878994.00000004




Chris

if ico is 20 million
where is the other 10 million
was 100 million total right 70 million left  20 illion ico
help me with the algebra please

[ProzCoin]

Please show the address of the other coins in the announce OP, for anyone to check it.

http://www.svallet.info/addr/1PRozi3UhpXtC4kZtPD1nfCFXJkXrV27Wp

Balance=   70878994.00000004




Chris

if ico is 20 million
where is the other 10 million
was 100 million total right 70 million left  20 illion ico
help me with the algebra please

1PRozi3UhpXtC4kZtPD1nfCFXJkXrV27Wp   78878994.00000004

Everything is accountable for, as funds have always been monitorable

8 million was being held by Tim from the testing etc from mid august:

https://docs.google.com/spreadsheets/d/1xKoe6GnLByJYQTFGPTtpDcZcBWDl5tKGOa1P7-WtiMk/edit#gid=0

He is still holding some to initiate first proof of action payouts when ICO ends.


Chris

[GreatOrchid]

Article about Prozcoin up on The Coin Front!

http://thecoinfront.com/want-to-get-paid-to-learn-about-bitcoin-theres-an-alt-for-that/

nice story
i like this quote  its selling like ganja at a Bob Marley concert.
 

[amacar]

I finally found a coin that has something fresh but when I try to claim free coins I get notice "Sorry, this promotion is not available in your region". Can I ask you why do you exclude some counties?