[ANN][CRYPT] CryptCoin

[NSA360]

Another sugestion:
CRYPT to http://bitcoinwisdom.com/, please  

why?
use cryptrader.com
https://cryptrader.com/

More visibility too!

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[knightlife999]

To begin, I'm going to address both of the chart pics that we all keep chatting about. Please read this reply carefully. I don't want to have to argue back and forth about what is clearly shown in those charts:

1. (Chart showing PoS and PoW percentages) That chart shows that the last 100 mined blocks were extracted mainly by PoS. That is to be expected. The coin has more wallets staking than people are mining. It does not prove who is staking coins and it certainly doesn't prove the date or time frame the coins have been staking. Myself and many of the devs hold a large amount of Crypt and we have been staking for months.

2. (Chart showing rich list) That chart tells us some interesting things that if you think logically will make sense.
*All wallets with a perfectly even number of coins have not been touched are changed since the end of july
*All wallets with a perfectly even number of coins have all been untouched since the same date
Logic
*If those wallets belonged the old devs, who according to your theory, have been mining all of this time, they would have been changed in balance recently, not 127 days ago
*If those wallets where staking, they would be growing in balance, showing recent changes, and would not be precisely even numbers
*Cryptsy has always been an exchange with the larger volume in Cryptcoin. It's wallets are not noted.
*The fact that the wallets have not changed in 127 days, says that have not been staking and are likely in cold storage
*Would the old devs hold all of those coins and not stake them for all of this time? Wouldn't they miss out on large amounts of PoS coins?
*Who would hold that amount of coins in equal number in cold storage and not touch them for 127 days? An exchange? Or someone looking to cash in on Crypt? Which is more plausible?

Side notes:
*Those wallets only account for approximately 13% of all coins
*The new dev team holds nearly as many coins
*There are still 5,300,000 coins left to be mined in PoS
*Prom's ex group members confirmed that he sold his coins months ago to raise funds for Key and Hal

I've stated what we are planning to do. That plan does not include spending countless hours and funds chasing Prometheus and Attious to enact vengeance for what took place. This is an unregulated market/industry. We all chose to buy into it. Crooked things took place and we lost money. If you didn't sell your coins, your investment devalued. We will revive the coin and if you are still holding, your investment will regain value. If you sold your coins at a loss, you have the opportunity to swing trade the coin and recoup your loss.

We have nothing to do with what happened and you are clearly trying to harm our project unless we move mountains to somehow ensure you are paid back. You keep saying that you and everyone else are not going to buy Crypt unless we find a way to undo what the prior team did. I never asked for any of you to buy the coin. I am fine if you don't buy the coin Nick. I am not going to allow you to take over this thread with demands and accusations. If long time holders  or the old devs want to sell, that is fine. It will bring volume to the coin. We are already very low priced. We were at 800sat not too long ago. How much further down can Crypt go? The only place to go from here is up. As I said before, if you are so inclined, swing trade Crypt. It will have plenty of swings to help everyone trade back their losses. If you have never traded Crypt, you will have many opportunities to get into profitable trades. Holding for the moon is easy and we've all done it. Try trading and see if you enjoy the process. It can be very profitable if done properly. I think the days of hold for the moon are past. Now we have to trade to make solid returns. Take a look at my group thread and see the kind of weekly returns you can get by trading solid recommendations. I will post free Crypt trading recommendations on my thread weekly to assist you guys.

Now that I've addressed the chart subject and Nick's request for vengeance, let's move onto positive discussion about the future of Crypt.
We would really like it if you guys could give some suggestions of what you would like to see in the coin. This is a community project and we want you all to be actively involved.  

[friendfromnobody]

Keycoin revival too?!?! 

Trex 9997. 53% in less than 12h

realy lol ,
all the alt coins gets a revival,
new pumps for old coins or more shit alt coins ,
the first is much better ,no new coins anymore it destroyed the alt market

[friendfromnobody]

We will revive the coin and if you are still holding, your investment will regain value. If you sold your coins at a loss, you have the opportunity to swing trade the coin and recoup your loss.

i like this ,knightlife 

[Kunfu]

I really think that knighlife post is pretty much true.

[CryptoNick]

nick was you the guy that was crying about 0.8 btc?

LOL NO! haha! I wouldn't even be wasting my time for that amount.

[CryptoNick]

Trust me I don't want to harm your new Coin, I was hoping you would see the light, and I couldn't possibly do more harm than what has already been done to it!

I wasn't pointing to the cold storage, there were 50 thousand coins a day being mined by the 30-40 GHash while everyone went away for the last 4 months. Where is that one wallet? They wouldn't store it all in one wallet and would spread the wallets out to make it seem that they sold out since they are not on the rich list now right? You know they hold a ton of coin but that is on you not me.

I will stay out of it. I just hoped you would do something better than just move forward and make the Old Devs even richer.

I won't be buying back in. Thanks for the trading advice initially, I held like you said and dumped losing it all right before you took over. lol how poetic!

SinceSurly,
CryptoNick

[jahl]

Trust me I don't want to harm your new Coin, I was hoping you would see the light, and I couldn't possibly do more harm than what has already been done to it!

I wasn't pointing to the cold storage, there were 50 thousand coins a day being mined by the 30-40 GHash while everyone went away for the last 4 months. Where is that one wallet? They wouldn't store it all in one wallet and would spread the wallets out to make it seem that they sold out since they are not on the rich list now right? You know they hold a ton of coin but that is on you not me.

I will stay out of it. I just hoped you would do something better than just move forward and make the Old Devs even richer.

I won't be buying back in. Thanks for the trading advice initially, I held like you said and dumped losing it all right before you took over. lol how poetic!

SinceSurly,
CryptoNick

You are just spreading FUD here and blowing up these guy's efforts. They said there was going to be a team change a while ago and this was not something out of the blue.
You are claiming 50k coins a day were mined. That is total BS. If it were so 50,000 * 120 days = 6,000,000 . That is more coins than currently exist. Since that whole mess happened not more than 1.5 mil coins have been mined and the hash rate has been declining ever since and hovering around 2 GH/s and much less at times for the past 2 months. Take a look here: http://www.coinwarz.com/cryptocurrency/coins/cryptcoin .
Please look up your facts and not throw around numbers spreading uncertainty and conspiracy theories.

Ah nm him, he's always complaining, anyway he's out he says so problem solved.
Forget the past.

[Uran0s]

This dev team is legit, there is no pr0m, cryptowest. Instead of complaining you should show some support to the new dev team, they sacrificed much time and money to bring it back to life, they have nothing to do with pnd groups, they even want to recover your money with trading... do you still need any confirmation ? ;|

[CryptoNick]

Trust me I don't want to harm your new Coin, I was hoping you would see the light, and I couldn't possibly do more harm than what has already been done to it!

I wasn't pointing to the cold storage, there were 50 thousand coins a day being mined by the 30-40 GHash while everyone went away for the last 4 months. Where is that one wallet? They wouldn't store it all in one wallet and would spread the wallets out to make it seem that they sold out since they are not on the rich list now right? You know they hold a ton of coin but that is on you not me.

I will stay out of it. I just hoped you would do something better than just move forward and make the Old Devs even richer.

I won't be buying back in. Thanks for the trading advice initially, I held like you said and dumped losing it all right before you took over. lol how poetic!

SinceSurly,
CryptoNick

You are just spreading FUD here and blowing up these guy's efforts. They said there was going to be a team change a while ago and this was not something out of the blue.
You are claiming 50k coins a day were mined. That is total BS. If it were so 50,000 * 120 days = 6,000,000 . That is more coins than currently exist. Since that whole mess happened not more than 1.5 mil coins have been mined and the hash rate has been declining ever since and hovering around 2 GH/s and much less at times for the past 2 months. Take a look here: http://www.coinwarz.com/cryptocurrency/coins/cryptcoin .
Please look up your facts and not throw around numbers spreading uncertainty and conspiracy theories.

at Block 333391 there is only 1,081,531.25 in coins left to be mined. That is where we are now.

Hmmm the Crypt announcement is wrong? https://bitcointalk.org/index.php?topic=881008.msg9718978#msg9718978 It says 11 Million Coins but add up to 14.75 Million?

Distribution:
X11 Algorithm
Total Coins: 11,000,000

Block Rewards:
Block 1 to 2000: 2000 x 500 per block = 1,000,000
Block 2001 to 4000: 1999 x 250 per block = 499,750
Block 4001 to 12000: 7999 x 125 per block = 999,875
Block 12001 to 48000: 35,999 x 62.5 per block = 2,249,937.5
Longest period of PoW started on 6/27/14...
Block 48001 to 368000: 319,999 x 31.25 per block = 9,999,968.75

Total Coin Supply according to the Crypt Thread is 14,749,531.25
Even if I take all 368000 blocks and multiply them by the lowest block total 31.25 it equals 11,500,000.

From 48001 is the timeframe I am talking about and it was 159 days or 5 months 6 days from the start of block 48001. If you take 10,000,000 and subtract 1,081,531.25 you get 8,918,468.75 mined in 159 days. So divide 8,918,468.75 by 159 to get an average of guess what... 56090.998427672955974842767295597

So you have 56,000 coins per day being mined.

So tell me how you can only have 11 Million coins total when the last block payouts equal 10 Million alone?

So 50K is their averaged take away based on SuchPool.pw earnings in one day. You can say less was mined by the hash that was not listed on any pools but not by much. Everyone had left the pools. Yet the Diff spiked to 1400 and 1600. Making it very hard for other miners to compete.

Who was this hash? How much coin do you think they have? When you can actually look at the pools and see how little was paid vs how many blocks were found each day. It is that simple. I saw it day after day month after month. The Diff was higher earlier so the average may have been less but it was just as effective in discouraging miners since the coin was so cheap it would not support the costs of power! This is a tactic and now you want to revive the coin for this groups tactical advantage.

I saw the massive hash the pools were facing so you can argue about the amount of coin and who it really was, but this group was staking too and must own a considerable amount of coin. The hash eventually slowly trickled down to 2Ghash since there was no competition. No interest from miners based on market prices, and only someone who profited from the Dump would sustain that amount of hash for the means to their end game.

Prove me wrong here, please! Since it looks like I may have found something that was overlooked since we are on block 333,390 when I wrote this.

[CryptoNick]

This dev team is legit, there is no pr0m, cryptowest. Instead of complaining you should show some support to the new dev team, they sacrificed much time and money to bring it back to life, they have nothing to do with pnd groups, they even want to recover your money with trading... do you still need any confirmation ? ;|

I officially support the New Dev team nothing against them, I just want action taken against the Old Devs and guard against them. I think the New Dev team should make a new coin and use their efforts wiser. Or attempt to bolster honest investors positions that were taken advantage of by Fraud. If we want to call it the Wild West then we need a New Sheriff in Town! 

[friendfromnobody]

you still here??

[msy2008]

HI Hello everyone! Development team is good! You have worked hard! I've been trying to publicize CRYPT the coming days there will be more and more attention from Chinese investors and buy CRYPT.

[jahl]

This dev team is legit, there is no pr0m, cryptowest. Instead of complaining you should show some support to the new dev team, they sacrificed much time and money to bring it back to life, they have nothing to do with pnd groups, they even want to recover your money with trading... do you still need any confirmation ? ;|

I officially support the New Dev team nothing against them, I just want action taken against the Old Devs and guard against them. I think the New Dev team should make a new coin and use their efforts wiser. Or attempt to bolster honest investors positions that were taken advantage of by Fraud. If we want to call it the Wild West then we need a New Sheriff in Town!  

Move along man, if you want action done against the old team how about you do that in quiet then.
Its a waste of time for crypt and us.
Swallow your anger/trauma and lets move on shall we

[BBZ]

at Block 333391 there is only 1,081,531.25 in coins left to be mined. That is where we are now.

Hmmm the Crypt announcement is wrong? https://bitcointalk.org/index.php?topic=881008.msg9718978#msg9718978 It says 11 Million Coins but add up to 14.75 Million?

Distribution:
X11 Algorithm
Total Coins: 11,000,000

Block Rewards:
Block 1 to 2000: 2000 x 500 per block = 1,000,000
Block 2001 to 4000: 1999 x 250 per block = 499,750
Block 4001 to 12000: 7999 x 125 per block = 999,875
Block 12001 to 48000: 35,999 x 62.5 per block = 2,249,937.5
Longest period of PoW started on 6/27/14...
Block 48001 to 368000: 319,999 x 31.25 per block = 9,999,968.75

Total Coin Supply according to the Crypt Thread is 14,749,531.25
Even if I take all 368000 blocks and multiply them by the lowest block total 31.25 it equals 11,500,000.

From 48001 is the timeframe I am talking about and it was 159 days or 5 months 6 days from the start of block 48001. If you take 10,000,000 and subtract 1,081,531.25 you get 8,918,468.75 mined in 159 days. So divide 8,918,468.75 by 159 to get an average of guess what... 56090.998427672955974842767295597

So you have 56,000 coins per day being mined.

So tell me how you can only have 11 Million coins total when the last block payouts equal 10 Million alone?

So 50K is their averaged take away based on SuchPool.pw earnings in one day. You can say less was mined by the hash that was not listed on any pools but not by much. Everyone had left the pools. Yet the Diff spiked to 1400 and 1600. Making it very hard for other miners to compete.

Who was this hash? How much coin do you think they have? When you can actually look at the pools and see how little was paid vs how many blocks were found each day. It is that simple. I saw it day after day month after month. The Diff was higher earlier so the average may have been less but it was just as effective in discouraging miners since the coin was so cheap it would not support the costs of power! This is a tactic and now you want to revive the coin for this groups tactical advantage.

I saw the massive hash the pools were facing so you can argue about the amount of coin and who it really was, but this group was staking too and must own a considerable amount of coin. The hash eventually slowly trickled down to 2Ghash since there was no competition. No interest from miners based on market prices, and only someone who profited from the Dump would sustain that amount of hash for the means to their end game.

Prove me wrong here, please! Since it looks like I may have found something that was overlooked since we are on block 333,390 when I wrote this.

Your analysis reminded me chidish joke, how to prove one has 11 fingers on his hands :

On left hand  i have 10th finger, 9th finger, 8th finger, 7th finger and 6th finger - so 6. On right hand i have 5 fingers. So 6 + 5 = 11! Eleven fingers, prove me im wrong !!!


Its easy with crypt:

Fact: There is 5,731,614 CRYPT at block 333687. Just look at explorer.

Fact: There is 368000 - 333687 = 34313 blocks to be found till POW phase ends.

Fact: There is 34313 * 31.25 = 1,072,281.25 of possible POW coins yet to be mined.

Fact: 3 of 4 blocks found are POS blocks. Just look at extraction at block explorer. It says there was ~75% POS blocks of last 1000 of blocks.

Fact: POS block do not generate POW reward.

So there is 1,072,281.25 * (1/4) ~ 268,000 POW coins yet to be mined.

This leads me to total number of CRYPT available at the end of POW phase: 5,731,614 plus like 268,000 -> ~6,000,000 CRYPT at block 368000

Its same with any POW + POS coin. Total coins (in case of CRYPT 14.75M) is just theoretical maximum of coins that could be mined if there are no POS blocks.

Im just wondering that so respected member of cryptocoin comunity lacks basic knowledge on how coin works    .


EDIT: Even if CAP is 11M instead of 14.75M this does not change fact, that there will be only 6M when pow ends

BTW its interesting for POW POS coins: When more coins is minting, then more POS blocks is found -> then less POW blocks is found -> then less coins is generated -> the more valuable existing coins will be.

[tkon3]

Just take a look at the first page of the old thread
11 miilion was the old cap
I think they just forgot to recalculate.

Quoted from Cryptowest (may 2014):

May 20th, 11:00 PM EST.

Cryptcoin

11 Million cap.
Block time: 1.5 minute
Stake Interest: 2.75%
Minimum Stake Age, 12 hours, One Year Max age
Reward:
500 to block 2000 -> 1,000,000
250,to block 4000 -> 1,000,000
125, to block 8000 -> 1,000,000
62.5, to block 16000 -> 1,000,000
31.25,to block 224000 -> 7,000,000

0% premine

[StonerStanley]

Trust me I don't want to harm your new Coin, I was hoping you would see the light, and I couldn't possibly do more harm than what has already been done to it!

I wasn't pointing to the cold storage, there were 50 thousand coins a day being mined by the 30-40 GHash while everyone went away for the last 4 months. Where is that one wallet? They wouldn't store it all in one wallet and would spread the wallets out to make it seem that they sold out since they are not on the rich list now right? You know they hold a ton of coin but that is on you not me.

I will stay out of it. I just hoped you would do something better than just move forward and make the Old Devs even richer.

I won't be buying back in. Thanks for the trading advice initially, I held like you said and dumped losing it all right before you took over. lol how poetic!

SinceSurly,
CryptoNick

Dude, everybody know the problem was mindfox. (dude look the mindfox history lol... when he work on a coin, the coin is down few weeks later...)

You are trying to brainwash us with your lies, the problem was mindfox, not the old dev.

Now good luck for this new team

[tkon3]

Back to 0.01$ on bittrex 

[kerhso]

How no one to sell?

[NSA360]

We probably will break th 3.5k today!
Weeeeee