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kawa900jc
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October 27, 2014, 12:59:33 PM |
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So am I right in thinking that the coins we are buying on bittrex now mean nothing?
in the OP it states once the dev team know how many coins they need they will mine them and deliver them to Bittrex.
When ICO ends we know how much GAIA is needed. The dev is then producing a new set a coins with the maximum total sold during ICO. That makes this coin now so atractive, not much coins in circulation. |
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kro55
Sr. Member
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Activity: 1778
Merit: 305
Playbet.io - Crypto Casino and Sportsbook
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October 27, 2014, 01:00:49 PM
Last edit: October 27, 2014, 01:18:13 PM by kro55 |
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So am I right in thinking that the coins we are buying on bittrex now mean nothing?
in the OP it states once the dev team know how many coins they need they will mine them and deliver them to Bittrex.
No, i think 700sat for 100mln coins is a very good and low price . If we do not sell all then this price will be even better. We have a block chain ready with 100mln and we could deliver it but we do not believe in coin destruction so it's better to reset the block chain so everything is clear. |
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LordPiccolo
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October 27, 2014, 01:05:10 PM |
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okay so I understand that resetting the block chain is better than burning coins but it shouldn't take 7 days to do this.
I personally would like to see the fresh block chain done before any ICO funds are handed over. Bittrex will have to check the new block explorer before issuing any ICO funds I guess.
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kro55
Sr. Member
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Activity: 1778
Merit: 305
Playbet.io - Crypto Casino and Sportsbook
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October 27, 2014, 01:10:11 PM |
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okay so I understand that resetting the block chain is better than burning coins but it shouldn't take 7 days to do this.
I personally would like to see the fresh block chain done before any ICO funds are handed over. Bittrex will have to check the new block explorer before issuing any ICO funds I guess.
Yes we should prepare but there is two problems: - we cannot prepare before because we do not know how many will be sold - with PoS coins you have to be careful, you can easy kill block chain by sending big amounts of coins when there is no a lot of staking nodes. |
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LordPiccolo
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October 27, 2014, 01:12:36 PM |
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okay so I understand that resetting the block chain is better than burning coins but it shouldn't take 7 days to do this.
I personally would like to see the fresh block chain done before any ICO funds are handed over. Bittrex will have to check the new block explorer before issuing any ICO funds I guess.
Yes we should prepare but there is two problems: - we cannot prepare before because we do not know how many will be sold - with PoS coins you have to be careful, you can easy kill block chain by sending big amounts of coins when there is no a lot of staking nodes. If you're reseeting the block chain there won't be any staking nodes will there as all address's will have to be created again. might be wrong ) Also as soon as the ICO closes you will know exactly how many coins there will be. |
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kondor
Newbie
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Activity: 25
Merit: 0
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October 27, 2014, 01:39:57 PM |
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okay so I understand that resetting the block chain is better than burning coins but it shouldn't take 7 days to do this.
I personally would like to see the fresh block chain done before any ICO funds are handed over. Bittrex will have to check the new block explorer before issuing any ICO funds I guess.
Yes we should prepare but there is two problems: - we cannot prepare before because we do not know how many will be sold - with PoS coins you have to be careful, you can easy kill block chain by sending big amounts of coins when there is no a lot of staking nodes. If you're reseeting the block chain there won't be any staking nodes will there as all address's will have to be created again. might be wrong ) Also as soon as the ICO closes you will know exactly how many coins there will be. The coins transfer to Bittrex was well planned for in order to keep staking nodes all the time to keep the chain moving. The coins total will be calculated at the end of the ICO and confirmed by Bittrex. There will be no bad surprises with this one  |
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kawa900jc
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October 27, 2014, 02:51:00 PM |
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WOW 60 BTC volume 86353806.00343689 GAIA left!
I have 20000 GAIA Available !
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michaelb87
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October 27, 2014, 03:00:01 PM |
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So am I right in thinking that the coins we are buying on bittrex now mean nothing?
in the OP it states once the dev team know how many coins they need they will mine them and deliver them to Bittrex.
No, i think 700sat for 100mln coins is a very good and low price . If we do not sell all then this price will be even better. We have a block chain ready with 100mln and we could deliver it but we do not believe in coin destruction so it's better to reset the block chain so everything is clear. 700 satoshi for 100 mln coins is not a low price at all. It means a marketcap of 700 BTC for a coin that hasn't even launched yet. That's very high and very likely not profitable for investors. At this moment I believe the marketcap is around 100 BTC which is more reasonable, it can go up to 200 BTC but after that not much room for instant profit and it will probably drop below ICO prices at launch. Seen it happen again and again. I'm in but I hope it stays below 200 BTC |
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RagingBull (OP)
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October 27, 2014, 03:03:33 PM |
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okay so I understand that resetting the block chain is better than burning coins but it shouldn't take 7 days to do this.
I personally would like to see the fresh block chain done before any ICO funds are handed over. Bittrex will have to check the new block explorer before issuing any ICO funds I guess.
It's 3 to 7 days, not necessarily 7 days. |
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RagingBull (OP)
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October 27, 2014, 03:10:22 PM |
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So am I right in thinking that the coins we are buying on bittrex now mean nothing?
in the OP it states once the dev team know how many coins they need they will mine them and deliver them to Bittrex.
No, i think 700sat for 100mln coins is a very good and low price . If we do not sell all then this price will be even better. We have a block chain ready with 100mln and we could deliver it but we do not believe in coin destruction so it's better to reset the block chain so everything is clear. 700 satoshi for 100 mln coins is not a low price at all. It means a marketcap of 700 BTC for a coin that hasn't even launched yet. That's very high and very likely not profitable for investors. At this moment I believe the marketcap is around 100 BTC which is more reasonable, it can go up to 200 BTC but after that not much room for instant profit and it will probably drop below ICO prices at launch. Seen it happen again and again. I'm in but I hope it stays below 200 BTC Most coins that this happened to had coin priced way higher than 700 SATS. Like I said earlier if ICO gets high BTC we will assign a portion of BTC for support. |
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RagingBull (OP)
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October 27, 2014, 04:07:45 PM |
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Last 15 hour wind down.
We are good and ready for an awesome launch.
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kondor
Newbie
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Activity: 25
Merit: 0
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October 27, 2014, 04:30:17 PM |
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illodin
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October 27, 2014, 04:43:48 PM |
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700 satoshi for 100 mln coins is not a low price at all. It means a marketcap of 700 BTC for a coin that hasn't even launched yet. That's very high and very likely not profitable for investors. At this moment I believe the marketcap is around 100 BTC which is more reasonable, it can go up to 200 BTC but after that not much room for instant profit and it will probably drop below ICO prices at launch.
Seen it happen again and again. I'm in but I hope it stays below 200 BTC
Who would sell below ICO price? Those who got them below ICO price, i.e. free. |
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Splatters
Legendary
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Activity: 1232
Merit: 1000
★YoBit.Net★ 1400+ Coins Exchange
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October 27, 2014, 04:46:14 PM |
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who bought 20 BTC all in one? I want his name!
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I know why your pray will never be answered!
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crypto4jan
Legendary
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Activity: 2453
Merit: 1026
Energy coin master
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October 27, 2014, 05:28:13 PM |
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Nice1 On tip: after ICO closes new countdown for first trade day. I see the useless posts with question: When starts trading? |
e2wwnbU8XBcnZxSfMTwZLS7Ru6LdWHunCu
00000a5ac2dc57cfb0b92bc8be7731fe6a94a8c1c49a0d2f32e9e2da4f7d2308
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RagingBull (OP)
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October 27, 2014, 05:43:39 PM |
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Sounds in wallet demo are theme related,
It can be disabled by changing to a silent theme in: Wallet->Settings
Online demo does not allow saving any settings.
These can be changed and saved in downloaded wallet.
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RagingBull (OP)
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October 27, 2014, 05:54:23 PM |
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btw Crypto4jan when does trading start?
sorry hahahaha
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kro55
Sr. Member
Offline
Activity: 1778
Merit: 305
Playbet.io - Crypto Casino and Sportsbook
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October 27, 2014, 06:03:27 PM
Last edit: October 27, 2014, 06:19:52 PM by kro55 |
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GAIA demos access data:Demo1: http://gaiaplatform.com/demo/ Demo2: http://gaiaplatform.com/demo2/User: gaiaPass: demoWe have 2 demos online with 2 different skins. These run on one demo blockchain so you can send coins. Please do not encrypt wallet.We are waiting for feedback.
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KrLos
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October 27, 2014, 06:08:22 PM |
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