Bitcoin Forum
April 05, 2020, 12:22:20 AM *
News: Latest Bitcoin Core release: 0.19.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 [8]  All
  Print  
Author Topic: [ANN] VAULT | COMMUNITY TAKEOVER | POS | WALLET UPDATE | NEW DEV TEAM |  (Read 23403 times)
rentodev
Full Member
***
Offline Offline

Activity: 602
Merit: 100


romad.io - community manager


View Profile
October 27, 2014, 12:59:33 PM
 #141


Would be great to hear some comments on the new roadmap!

Well, let me start about the fact that I sent haxmb Pm a while ago about the suggestion to rethink 200% staking reward annualy as this will bring the number of coins over the total number of Litecoin for instance within 10 years and that would mean current hyped rarity of a coin is a complete farse. I have been waiting patiently for any reply from haxmb on a couple of matters, and we are talking about time span of more that two weeks and not a single word or acknowledge from him yet.

To be honest, I'm afraid you have been playing the old tactics of lowering the price, buying cheap and then dumping for a good profit. Buy and sell walls were indicative of that and now after the published roadmap, which could only be a piece of "paper" (time will tell) the road to higher values has been paved with no particular sell walls anymore. I decided to sell half of my holdings during the last pump which made me a nice profit and I will probably take a gamble with the rest of the vault, although haven't been persuaded yet.

Hopefully you will rethink the 200% reward annually, as this will only mean huge loss of value in the future.

Thanks for your feedback! I'll have a chat with haxmb.
What would you suggest the staking reward should be?

How about it being 200% for the first year, 100% second and 50% for all the next years?

Regards market behaviour, if it's being manipulated, then definitely not from developers side.
First of all, there was no any premine and secondly if even would of been there, this is community take over where so far people have donated to devs only just about 10 VAULT in total!
1586046140
Hero Member
*
Offline Offline

Posts: 1586046140

View Profile Personal Message (Offline)

Ignore
1586046140
Reply with quote  #2

1586046140
Report to moderator
1586046140
Hero Member
*
Offline Offline

Posts: 1586046140

View Profile Personal Message (Offline)

Ignore
1586046140
Reply with quote  #2

1586046140
Report to moderator
1586046140
Hero Member
*
Offline Offline

Posts: 1586046140

View Profile Personal Message (Offline)

Ignore
1586046140
Reply with quote  #2

1586046140
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1586046140
Hero Member
*
Offline Offline

Posts: 1586046140

View Profile Personal Message (Offline)

Ignore
1586046140
Reply with quote  #2

1586046140
Report to moderator
1586046140
Hero Member
*
Offline Offline

Posts: 1586046140

View Profile Personal Message (Offline)

Ignore
1586046140
Reply with quote  #2

1586046140
Report to moderator
tiredofscams
Full Member
***
Offline Offline

Activity: 224
Merit: 101


View Profile
October 27, 2014, 02:59:15 PM
 #142


Would be great to hear some comments on the new roadmap!

Well, let me start about the fact that I sent haxmb Pm a while ago about the suggestion to rethink 200% staking reward annualy as this will bring the number of coins over the total number of Litecoin for instance within 10 years and that would mean current hyped rarity of a coin is a complete farse. I have been waiting patiently for any reply from haxmb on a couple of matters, and we are talking about time span of more that two weeks and not a single word or acknowledge from him yet.

To be honest, I'm afraid you have been playing the old tactics of lowering the price, buying cheap and then dumping for a good profit. Buy and sell walls were indicative of that and now after the published roadmap, which could only be a piece of "paper" (time will tell) the road to higher values has been paved with no particular sell walls anymore. I decided to sell half of my holdings during the last pump which made me a nice profit and I will probably take a gamble with the rest of the vault, although haven't been persuaded yet.

Hopefully you will rethink the 200% reward annually, as this will only mean huge loss of value in the future.

Thanks for your feedback! I'll have a chat with haxmb.
What would you suggest the staking reward should be?

How about it being 200% for the first year, 100% second and 50% for all the next years?

Regards market behaviour, if it's being manipulated, then definitely not from developers side.
First of all, there was no any premine and secondly if even would of been there, this is community take over where so far people have donated to devs only just about 10 VAULT in total!


Such staking reward is much better, maybe lowering all of the numbers by a quarter, like 150%, 75% and 35% for all successive years could promise even more longterm value to it, if you want to retain scarcity.

Reg. market behaviour: It speaks for itself, somebody hoped to spark a huge interest, but the sentiment is not there. I didn't mean you sold that 10 vault, but what you supposedly acquired during the silent periods. You would be stupid, if you wouldn't try to take advantage of the situation, I don't judge you. Everybody is doing it and nothing is wrong in doing that, when one also keeps the promise of releasing the announced features.

Lately there are mainly promises, and only a few of the devs actually deliver. Still hoping you will prove me wrong.
tony1970
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
October 28, 2014, 04:33:27 PM
 #143

Looking at the road map you set out I agree you should rethink 200% staking reward annually this will only lead to a huge loss of value in the future. Maybe set out a five year staking plain starting with 100% on year one and ending on 10% on year 5 and continuing with 10% for the life time of coin...

100% year one  3000 Vaultcoin
50% year two    4500 Vaultcoin
25% year three  5200 Vaultcoin
20% year four    6240 Vaultcoin
10% year five    6860  Vaultcoin

I done the figurers in my head so I know is not hundred percent correct, just rough guide line.....
Sorry could not see how a 200% staking reward will do any good for this coin then lead to a huge loss of value .
pbardak
Newbie
*
Offline Offline

Activity: 43
Merit: 0


View Profile
October 29, 2014, 05:31:46 PM
 #144

Looking at the road map you set out I agree you should rethink 200% staking reward annually this will only lead to a huge loss of value in the future. Maybe set out a five year staking plain starting with 100% on year one and ending on 10% on year 5 and continuing with 10% for the life time of coin...

100% year one  3000 Vaultcoin
50% year two    4500 Vaultcoin
25% year three  5200 Vaultcoin
20% year four    6240 Vaultcoin
10% year five    6860  Vaultcoin

I done the figurers in my head so I know is not hundred percent correct, just rough guide line.....
Sorry could not see how a 200% staking reward will do any good for this coin then lead to a huge loss of value .

This is a good plan!  Still keeps this coin count low and gives people incentive to buy and hold now. 
HunterS
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500



View Profile
October 31, 2014, 01:41:32 PM
 #145

Looking at the road map you set out I agree you should rethink 200% staking reward annually this will only lead to a huge loss of value in the future. Maybe set out a five year staking plain starting with 100% on year one and ending on 10% on year 5 and continuing with 10% for the life time of coin...

100% year one  3000 Vaultcoin
50% year two    4500 Vaultcoin
25% year three  5200 Vaultcoin
20% year four    6240 Vaultcoin
10% year five    6860  Vaultcoin

I done the figurers in my head so I know is not hundred percent correct, just rough guide line.....
Sorry could not see how a 200% staking reward will do any good for this coin then lead to a huge loss of value .

This is a good plan!  Still keeps this coin count low and gives people incentive to buy and hold now.  

This sounds pretty good, we'll look into it!

- haxmb
I see now problem with 200% for 1st year.total coins for first year is still only going to be 4500. which is still very low.i really think we need to do something soon though before we are no longer on an exchange

pbardak
Newbie
*
Offline Offline

Activity: 43
Merit: 0


View Profile
October 31, 2014, 02:22:40 PM
 #146

Looking at the road map you set out I agree you should rethink 200% staking reward annually this will only lead to a huge loss of value in the future. Maybe set out a five year staking plain starting with 100% on year one and ending on 10% on year 5 and continuing with 10% for the life time of coin...

100% year one  3000 Vaultcoin
50% year two    4500 Vaultcoin
25% year three  5200 Vaultcoin
20% year four    6240 Vaultcoin
10% year five    6860  Vaultcoin

I done the figurers in my head so I know is not hundred percent correct, just rough guide line.....
Sorry could not see how a 200% staking reward will do any good for this coin then lead to a huge loss of value .

This is a good plan!  Still keeps this coin count low and gives people incentive to buy and hold now.  

This sounds pretty good, we'll look into it!

- haxmb
I see now problem with 200% for 1st year.total coins for first year is still only going to be 4500. which is still very low.i really think we need to do something soon though before we are no longer on an exchange


After thinking about this, the amount of Vault coins generated each year will be less than in the projected example from tony1970 because coins will be split between the exchange and wallets.  Correct me if I'm wrong but Bittrex doesn't keep coins that are staked but others may. . .  1500 additional coins the first year may actually be like 700-1000 imo.

You could also look into the vPOS staking that Vericoin and ARCH are doing.  Basically the more people that stake in their wallet, the more additional coins you generate in your wallet.  ARCH is setup for between 3 - 20%.  Vault being much fewer coins, you can kick this number up between 50-100% for the first 5 year, then settle on 10% after 5 years for the life of the coin. With all this said, I don't think this coin will ever get above 10,000 coins.  This still makes the coin count pretty limited. 
Soul_eater_123
Legendary
*
Offline Offline

Activity: 924
Merit: 1000



View Profile WWW
November 11, 2014, 12:40:15 PM
 #147

So what's up? Is this dead again?

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC WEBSITE | NEW ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM

Check out my posts on Steemit.com if you like medical posts with occasional photography, art and the odd bit of crypto commentary:

https://steemit.com/@thecryptofiend
rentodev
Full Member
***
Offline Offline

Activity: 602
Merit: 100


romad.io - community manager


View Profile
November 11, 2014, 05:10:35 PM
 #148

So what's up? Is this dead again?

We're working on the features shown in the roadmap.
The stake percentages are being discussed by the dev team, but as you all know this is a community effort and we don't just magically make stuff happen.
We'll post updates once they are there!

- haxmb

Looking at the network and blockchain stats at the moment, there are maybe handful of people staking even reward at the moment is 50%
Most of the coins seems to be held on exchanges.

Even with 200% for first year, I don't think there will be full 3000 coins mined.

So, we are planning to implement following staking reward scheme:

first year - 200%
second year - 100%
following years - 50%

ETA for new wallet release with new staking rewards is in next couple of weeks. Stay tuned for updates soon!
rentodev
Full Member
***
Offline Offline

Activity: 602
Merit: 100


romad.io - community manager


View Profile
November 13, 2014, 01:48:46 PM
 #149




New Bitcointalk thread

Due to our initial PR member CryptoDustin stepping out of the project and the fact he had created initial Vaultcoin Community Takover Bitcointalk thread from his personal account, we had to create new thread so we could continue to update main ANN post.

[ANN] VAULT v1.2 | COMMUNITY TAKEOVER | POS | WALLET UPDATE | NEW DEV TEAM
https://bitcointalk.org/index.php?topic=856502.0

Pages: « 1 2 3 4 5 6 7 [8]  All
  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!