[ANN][SEED] SeedCoin | New Road Map

[Anoxxxy]

I'm targeting the fix (with a solid lead time so everyone has a chance to update their wallets) for 12am UTC October 8th,

thanks for the reply, but will this fix happen before the growth period?

Yes, probably

[travis72682]

I'm targeting the fix (with a solid lead time so everyone has a chance to update their wallets) for 12am UTC October 8th,

thanks for the reply, but will this fix happen before the growth period?

Yes, probably

I sure hope so, it will piss alot of ppl off if not. Without that fix I am wasting my time mining. I know my little black widow isnt much but it pays .005 a day at least. hopefully im not throwing away the hash. . .  

There is no easy way to just turn off staking until you have the fix is there? I know its only a small percentage of stake, but after the large growth ever little bit now is compounded ALOT from the large staking. . .

[sly5am]

I'm targeting the fix (with a solid lead time so everyone has a chance to update their wallets) for 12am UTC October 8th,

thanks for the reply, but will this fix happen before the growth period?

No, its not. sounds like a total screwup on the devs part.

[james42]

thanks for the reply, but will this fix happen before the growth period?

Yes, fix is due on Wednesday, growth period starts around Saturday(ish)

[bitkokos]

growth or not, it won't worth it.
people started selling at low prices and if they continue to do so, price will drop down to 0.00001 in a few days.
the only person who made profit for sure is one I saw in a pool. he had 3.5TH/s for one day. He made 25 seed. If he sold everything a few hours ago, he made 5 btc.
I have just stopped mining too. it's pointless to keep mining and loose time.
One of the worst parts is the exchange. It should go on an exchange a week later, not yesterday.
Big failure as price will be grounded before grow period.
Moreover, by day 7 who on earth will buy 10m of this coin knowing the next day it won't worth anything?

[Altpocalypse]

My coins are finally staking.  Everything is working well.

[Anttonii]

Is it just me or is Minerpools site just completely blank?

[bitkokos]

Is it just me or is Minerpools site just completely blank?

http://www.isup.me/http://seed.minerpools.com

[Wheezy-]

growth or not, it won't worth it.
people started selling at low prices and if they continue to do so, price will drop down to 0.00001 in a few days.
the only person who made profit for sure is one I saw in a pool. he had 3.5TH/s for one day. He made 25 seed. If he sold everything a few hours ago, he made 5 btc.
I have just stopped mining too. it's pointless to keep mining and loose time.
One of the worst parts is the exchange. It should go on an exchange a week later, not yesterday.
Big failure as price will be grounded before grow period.
Moreover, by day 7 who on earth will buy 10m of this coin knowing the next day it won't worth anything?

I'd disagree. There's only 302 coins currently, with 765 more coins that could potentially be mined, however, every block discovered by someone staking removes 0.1 seeds from circulation. Also, they need a minimum of 24 hours to mature, so that removes the final 24 coins from first day of growth. There will likely be less than 1000 coins produced by that time, 0.095 as it is currently at bittrex is looking awfully cheap. The person who bought up to 1 btc/coin last night thought so too.

For sure the price will plummet as coins grow, but it's all about current value to the number of coins you currently own. Not to mention if you do decide to sell and move your coins to bittrex, but those buy orders are already sold into, you've just lost a monumental amount of coins since they lose most of their growth potential, and your stuck either dumping them cheap or re-growing them again at a significantly reduced potential. There's a huge risk involved in moving the coins, so it just depends what price will justify the risk.

I's going to be very interesting to see the fluctuations in price and the final coin count. Doing some fuzzy math, based on a final market cap of only $40,000 and a very conservative 9M coins total supply (imo probably more like 6-7M), and one coin currently growing into over 9300, each coin right now would be worth $41.40 or ~0.124 BTC if held for the entire growth period. And those are with very conservative numbers.

To me it seems silly to sell for anything less than 0.2/coin but there's always some people who need to get paid now.

[james42]

So what do you think each coin would be worth at the end of the growth period?

[Coinstreet]

when do we receive the coins sold in ico? I have not received any yet?

ico address: sJpWsASmgs5XuCkXjGE7RNSroAYCatbopi

[bitkokos]

growth or not, it won't worth it.
people started selling at low prices and if they continue to do so, price will drop down to 0.00001 in a few days.
the only person who made profit for sure is one I saw in a pool. he had 3.5TH/s for one day. He made 25 seed. If he sold everything a few hours ago, he made 5 btc.
I have just stopped mining too. it's pointless to keep mining and loose time.
One of the worst parts is the exchange. It should go on an exchange a week later, not yesterday.
Big failure as price will be grounded before grow period.
Moreover, by day 7 who on earth will buy 10m of this coin knowing the next day it won't worth anything?

I'd disagree. There's only 302 coins currently, with 765 more coins that could potentially be mined, however, every block discovered by someone staking removes 0.1 seeds from circulation. Also, they need a minimum of 24 hours to mature, so that removes the final 24 coins from first day of growth. There will likely be less than 1000 coins produced by that time, 0.095 as it is currently at bittrex is looking awfully cheap. The person who bought up to 1 btc/coin last night thought so too.

For sure the price will plummet as coins grow, but it's all about current value to the number of coins you currently own. Not to mention if you do decide to sell and move your coins to bittrex, but those buy orders are already sold into, you've just lost a monumental amount of coins since they lose most of their growth potential, and your stuck either dumping them cheap or re-growing them again at a significantly reduced potential. There's a huge risk involved in moving the coins, so it just depends what price will justify the risk.

I's going to be very interesting to see the fluctuations in price and the final coin count. Doing some fuzzy math, based on a final market cap of only $40,000 and a very conservative 9M coins total supply (imo probably more like 6-7M), and one coin currently growing into over 9300, each coin right now would be worth $41.40 or ~0.124 BTC if held for the entire growth period. And those are with very conservative numbers.

To me it seems silly to sell for anything less than 0.2/coin but there's always some people who need to get paid now.

By the time you wrote your post the price was 0.095 now it's 0.09
There are only two orders holding the price to 0.09. That's a total of 1.03 Seed. If they are sold, price goes down to 0.074
Also, you expect 9M coins worth 0.124 BTC each? That's 1.16M BTC
How are you going to sell coins worthing 1.1 million BTC ?

[Wheezy-]

when do we receive the coins sold in ico? I have not received any yet?

ico address: sJpWsASmgs5XuCkXjGE7RNSroAYCatbopi

All the coins have been dispersed, I got my ICO coins about block 150. I had to re-install everything from scratch a second time using the initial ICO wallet.dat before I could see my coins.

[Coinstreet]

I have already done a fresh reinstall and placing my backup wallet.dat back in the user folder resulting in the correct wallet address but no coins...

Will try it again in a minute.

Do we have block explorer working?

[bitkokos]

growth or not, it won't worth it.
people started selling at low prices and if they continue to do so, price will drop down to 0.00001 in a few days.
the only person who made profit for sure is one I saw in a pool. he had 3.5TH/s for one day. He made 25 seed. If he sold everything a few hours ago, he made 5 btc.
I have just stopped mining too. it's pointless to keep mining and loose time.
One of the worst parts is the exchange. It should go on an exchange a week later, not yesterday.
Big failure as price will be grounded before grow period.
Moreover, by day 7 who on earth will buy 10m of this coin knowing the next day it won't worth anything?

I'd disagree. There's only 302 coins currently, with 765 more coins that could potentially be mined, however, every block discovered by someone staking removes 0.1 seeds from circulation. Also, they need a minimum of 24 hours to mature, so that removes the final 24 coins from first day of growth. There will likely be less than 1000 coins produced by that time, 0.095 as it is currently at bittrex is looking awfully cheap. The person who bought up to 1 btc/coin last night thought so too.

For sure the price will plummet as coins grow, but it's all about current value to the number of coins you currently own. Not to mention if you do decide to sell and move your coins to bittrex, but those buy orders are already sold into, you've just lost a monumental amount of coins since they lose most of their growth potential, and your stuck either dumping them cheap or re-growing them again at a significantly reduced potential. There's a huge risk involved in moving the coins, so it just depends what price will justify the risk.

I's going to be very interesting to see the fluctuations in price and the final coin count. Doing some fuzzy math, based on a final market cap of only $40,000 and a very conservative 9M coins total supply (imo probably more like 6-7M), and one coin currently growing into over 9300, each coin right now would be worth $41.40 or ~0.124 BTC if held for the entire growth period. And those are with very conservative numbers.

To me it seems silly to sell for anything less than 0.2/coin but there's always some people who need to get paid now.

By the time you wrote your post the price was 0.095 now it's 0.09
There are only two orders holding the price to 0.09. That's a total of 1.03 Seed. If they are sold, price goes down to 0.074
Also, you expect 9M coins worth 0.124 BTC each? That's 1.16M BTC
How are you going to sell coins worthing 1.1 million BTC ?

Left is buyers, right is sellers. all of the buyers interest on the left is 1.5 BTC
Where are you going to sell all those millions of coins?

[Wheezy-]

growth or not, it won't worth it.
people started selling at low prices and if they continue to do so, price will drop down to 0.00001 in a few days.
the only person who made profit for sure is one I saw in a pool. he had 3.5TH/s for one day. He made 25 seed. If he sold everything a few hours ago, he made 5 btc.
I have just stopped mining too. it's pointless to keep mining and loose time.
One of the worst parts is the exchange. It should go on an exchange a week later, not yesterday.
Big failure as price will be grounded before grow period.
Moreover, by day 7 who on earth will buy 10m of this coin knowing the next day it won't worth anything?

I'd disagree. There's only 302 coins currently, with 765 more coins that could potentially be mined, however, every block discovered by someone staking removes 0.1 seeds from circulation. Also, they need a minimum of 24 hours to mature, so that removes the final 24 coins from first day of growth. There will likely be less than 1000 coins produced by that time, 0.095 as it is currently at bittrex is looking awfully cheap. The person who bought up to 1 btc/coin last night thought so too.

For sure the price will plummet as coins grow, but it's all about current value to the number of coins you currently own. Not to mention if you do decide to sell and move your coins to bittrex, but those buy orders are already sold into, you've just lost a monumental amount of coins since they lose most of their growth potential, and your stuck either dumping them cheap or re-growing them again at a significantly reduced potential. There's a huge risk involved in moving the coins, so it just depends what price will justify the risk.

I's going to be very interesting to see the fluctuations in price and the final coin count. Doing some fuzzy math, based on a final market cap of only $40,000 and a very conservative 9M coins total supply (imo probably more like 6-7M), and one coin currently growing into over 9300, each coin right now would be worth $41.40 or ~0.124 BTC if held for the entire growth period. And those are with very conservative numbers.

To me it seems silly to sell for anything less than 0.2/coin but there's always some people who need to get paid now.

By the time you wrote your post the price was 0.095 now it's 0.09
Also, you expect 9M coins worth 0.124 BTC each? That's 1.16M BTC
How are you going to sell coins worthing 1.1 million BTC ?

I said a current coin, a current coin is worth over 9300 coins after the growth period if held and staked continuously for the entire period. I was saying that right now, the coins are undervalued. At 0.09 BTC/coin right now, you could buy the entire current (~305 coins) coin supply for 28 BTC in theory (market cap of only $8920), but you would never be able to because once you buy a few coins the price will be 0.2/coin and above.

After the entire growth period ends, worth will depend on what the total coin supply is, and what the developer has in store for future development. If the market cap is $40,000 and there are 9M coins, then each coin would be ~0.44 cents or roughly 0.00001400 BTC (x9300 = ~ 0.127 current BTC/coin estimate).

It's all fuzzy math and rough predictions. A cap of 40k is only 125 BTC total. Everything will depend on how popular the growth idea becomes and when people want to sell. Everyone should do their own predictions, and price points to sell.

What I'd really like to see is what exactly the developer has planned and what will make this coin stand out. The exponential growth thing is fun and will be interesting to see, but long term there needs to be innovation to drive additional investment so the holders and stakers aren't holding bags of seeds with no one wanting to buy them.

[bitkokos]

well, it's 0.074 now (As expected)

[Nightz]

10/05/2014 02:59:43 PM   
BUY
0.20000000   0.40037301   0.08007460

Who did this.....

Lets not be this dumb guys....

Sell at this

10/05/2014 02:38:41 PM   
BUY
10.00000000   0.00839148   0.08391480

i was lucky @ being 1st on market    

Edit: i sold ico @ 10btc   

[dirtyboots77]

not to be a stickler about this but I have >1.0 seeds in my wallet and still not staking after 44 hours.  I show one deposit from staking at right around the 36 hour mark, but now my seeds show as immature.  Is this issue part of the fix for those with <1.0 seeds?

[james42]

I would expect buy support to increase up until perhaps the end of PoW. There may be a lot of people who fancy staking a few coins to see them grow as promised.