notsofast
Legendary
Offline
Activity: 1517
Merit: 1042
@notsofast
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September 10, 2014, 02:15:27 AM |
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DOS was a great idea, and probably a decent learning experience for Somekindabitcoin, even if the execution was a taller order than he expected (mostly to do with how to program the distributed mitigation tied into a cryptocurrency).
I'll invest a minimum amount in the ICO if my understanding is correct that excess coins will be distributed proportionately amongst original investors (so, for example, I'll get double the CADE for my money if only half of the ICO amount is sold). Alternatively I'm cool if you decide to destroy all coins not sold in the ICO.
I'll also continue to accumulate DOScoin as I have been doing. I'll probably be exchanging a lot of it over to CADE, too.
Good luck with your coin.
Thanks notsofast. The reason for the initial ipo is to first get the main implementation added which is the functions for the nodes. From what I've been told from other developers, it's going to take a ton of manpower. So you want to raise 1800 BTC which is currently worth about $855,000 US dollars? It takes balls to say you need 20% more than the current biggest ICO (Syscoin with 1500BTC), but I have no problem with anyone thinking big. Somekindabitcoin is going to have to do a lot of legwork justifying it, and probably gather that total investment in stages alongside incremental development, given the rightfully distrustful mindset of smart bitcoin. But saying he needs that amount right out of the gate is proper expectation setting for investors. Imagine the positive price reaction if he completes a segment under budget and pays investors a dividend of the surplus to investors, or incorporates some kind of additional feature? To be valid players and not just cloned shitcoins, bigger thinking is mandatory-- he has a high concept and a justifiable price tag. I'll be watching closely.
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twitter.com/notsofast
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Somekindabitcoin (OP)
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September 10, 2014, 02:59:33 AM |
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DOS was a great idea, and probably a decent learning experience for Somekindabitcoin, even if the execution was a taller order than he expected (mostly to do with how to program the distributed mitigation tied into a cryptocurrency).
I'll invest a minimum amount in the ICO if my understanding is correct that excess coins will be distributed proportionately amongst original investors (so, for example, I'll get double the CADE for my money if only half of the ICO amount is sold). Alternatively I'm cool if you decide to destroy all coins not sold in the ICO.
I'll also continue to accumulate DOScoin as I have been doing. I'll probably be exchanging a lot of it over to CADE, too.
Good luck with your coin.
Thanks notsofast. The reason for the initial ipo is to first get the main implementation added which is the functions for the nodes. From what I've been told from other developers, it's going to take a ton of manpower. So you want to raise 1800 BTC which is currently worth about $855,000 US dollars? It takes balls to say you need 20% more than the current biggest ICO (Syscoin with 1500BTC), but I have no problem with anyone thinking big. Somekindabitcoin is going to have to do a lot of legwork justifying it, and probably gather that total investment in stages alongside incremental development, given the rightfully distrustful mindset of smart bitcoin. But saying he needs that amount right out of the gate is proper expectation setting for investors. Imagine the positive price reaction if he completes a segment under budget and pays investors a dividend of the surplus to investors, or incorporates some kind of additional feature? To be valid players and not just cloned shitcoins, bigger thinking is mandatory-- he has a high concept and a justifiable price tag. I'll be watching closely. Man notsofast. You need to join my team.
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B4zz4
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September 10, 2014, 05:20:02 AM |
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Putting realistic real-world pricing on a project of this magnitude seems to be generating some shock in the synthetic altcoin ecosystem.
Somekindabitcoin appears to have his feet more firmly on the ground than most of the flash-trade and move to the next shiny bauble altcoin "investors".
I'll continue to hold my DosCoin and after the swap will likely hold as many Blockade as I can manage, too.
I admire the ambition and I'm impressed by the realistic budget for so ambitious an enterprise.
Good work Somekindabitcoin, you keep right on thinking and planning.
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Tips: CANN: CRAUn1GyLcqyC2dfi7F1FDjvrzmLzwApAx
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bitcoinwonders010
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September 10, 2014, 06:35:01 PM |
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when can we exchange dos coins for blockade coins
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Somekindabitcoin (OP)
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September 10, 2014, 08:46:49 PM |
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Putting realistic real-world pricing on a project of this magnitude seems to be generating some shock in the synthetic altcoin ecosystem.
Somekindabitcoin appears to have his feet more firmly on the ground than most of the flash-trade and move to the next shiny bauble altcoin "investors".
I'll continue to hold my DosCoin and after the swap will likely hold as many Blockade as I can manage, too.
I admire the ambition and I'm impressed by the realistic budget for so ambitious an enterprise.
Good work Somekindabitcoin, you keep right on thinking and planning.
Thanks b4zz. Also, for the swap, not all coins will be released at once. Only 300,000 coins worth of a swap, and 300,000 worth of coins for phase 1 IPO for the essentials. These essentials are for the first implementation which is the function of the node itself, block explorer, and other needed starting essentials.
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interupted
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September 10, 2014, 09:58:19 PM |
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Really should swap all dos when you start so its done and over with so you can move on.
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Somekindabitcoin (OP)
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September 10, 2014, 10:18:40 PM |
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Really should swap all dos when you start so its done and over with so you can move on.
This strategy is used to reduce dumping on exchanges. I also do not want this coin to be added to any exchange at this time.
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bitcoinwonders010
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September 10, 2014, 10:20:30 PM |
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do you really need 30btc for the essentials like wallet, nodes, block explorer etc
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uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
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September 10, 2014, 10:23:54 PM |
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seems a bit too few details are provided in comparison to the expected valuation of the project. Do you have any whitepaper or can you proivde more explanation, especially stressing the innovation potential of the proposed project? Take recent examples of ICO/IPOs, XBoT and PROZ and see their valuation and what has been provided when IPOs started. XBoT asked for 15k got 9345 in the end, PROZ was at 300 sat.
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this space is intentionally left blank
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Somekindabitcoin (OP)
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September 10, 2014, 10:43:30 PM |
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do you really need 30btc for the essentials like wallet, nodes, block explorer etc
Nope. Already have those except the block explorer. The money is needed for initial implementation of the system; the beginning. There will definitely be more details and multiple whitepapers for each task.
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Hobbes2
Newbie
Offline
Activity: 54
Merit: 0
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September 10, 2014, 11:04:12 PM |
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reserved
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ruiteren
Newbie
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Activity: 56
Merit: 0
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September 11, 2014, 12:27:49 AM |
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When will the DOS exchange to CADE start?
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TakeItEasy
Sr. Member
Offline
Activity: 1622
Merit: 270
Undeads.com - P2E Runner Game
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September 11, 2014, 12:34:40 AM |
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Also, for the swap, not all coins will be released at once. Only 300,000 coins worth of a swap, and 300,000 worth of coins for phase 1 IPO for the essentials. These essentials are for the first implementation which is the function of the node itself, block explorer, and other needed starting essentials.
I have 20 000 000 DoScoin = 333333 Blockade. Then first swap is all mine
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ruiteren
Newbie
Offline
Activity: 56
Merit: 0
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September 11, 2014, 02:20:16 AM |
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Also, for the swap, not all coins will be released at once. Only 300,000 coins worth of a swap, and 300,000 worth of coins for phase 1 IPO for the essentials. These essentials are for the first implementation which is the function of the node itself, block explorer, and other needed starting essentials.
I have 20 000 000 DoScoin = 333333 Blockade. Then first swap is all mine I have 80 000 000 it is mine
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Somekindabitcoin (OP)
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September 11, 2014, 02:46:25 AM |
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The first swap will occur by the end of this week.
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B4zz4
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September 11, 2014, 05:17:57 AM |
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The first swap will occur by the end of this week.
Will you be limiting the exchange available per person or is it 1st come, 1st served? I see we have a coupla large DosCoin holders aiming to switch out at flag fall.
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Tips: CANN: CRAUn1GyLcqyC2dfi7F1FDjvrzmLzwApAx
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Somekindabitcoin (OP)
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September 11, 2014, 05:33:21 AM |
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The first swap will occur by the end of this week.
Will you be limiting the exchange available per person or is it 1st come, 1st served? I see we have a coupla large DosCoin holders aiming to switch out at flag fall. I'm limiting the first one to 60,000 DoS or 1000 blockade per person.
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ruiteren
Newbie
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Activity: 56
Merit: 0
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September 11, 2014, 05:53:00 AM |
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The first swap will occur by the end of this week.
Will you be limiting the exchange available per person or is it 1st come, 1st served? I see we have a coupla large DosCoin holders aiming to switch out at flag fall. I'm limiting the first one to 60,000 DoS or 1000 blockade per person. well done
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B4zz4
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September 11, 2014, 06:38:44 AM |
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The first swap will occur by the end of this week.
Will you be limiting the exchange available per person or is it 1st come, 1st served? I see we have a coupla large DosCoin holders aiming to switch out at flag fall. I'm limiting the first one to 60,000 DoS or 1000 blockade per person. Nice one. Gonna take a while to exchange millions then
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Tips: CANN: CRAUn1GyLcqyC2dfi7F1FDjvrzmLzwApAx
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TakeItEasy
Sr. Member
Offline
Activity: 1622
Merit: 270
Undeads.com - P2E Runner Game
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September 11, 2014, 07:04:39 AM |
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The first swap will occur by the end of this week.
Will you be limiting the exchange available per person or is it 1st come, 1st served? I see we have a coupla large DosCoin holders aiming to switch out at flag fall. I'm limiting the first one to 60,000 DoS or 1000 blockade per person. It will be automatic process like it was with Summercoin V2 => NAVAJO or you'll do it manually ? Also you can ask Dev SumV2 how to do it if you don't know. P.S. Good time to buy some more cheap DoScoin.
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