Topic: [ANN] CommunityCoin (COMM) | Pure PoS | Original COMM MultiPools Coming Soon - page 24. (Read 523781 times)

 

Theres a lot of action for COMM on Poloniex right now.
 

Hard to say, this looks like it could go both ways.

Cheers!

The dev disappeared for a little while before then came back. Hopefully he will come back again.
 

might be time for "let die this shit"

community takevore never work, they just end more dead than the dead coin itself

Might be time for "Community" take over.

You are correct about a coins value in fiat and BTC.COMM had a good value once and at one time above 200 satoshi.Than the dev slowly became inactive and the price kept crashing.Users started to left and so on.

A coin can't survive without new technology which COMM lacked.I am sure it can be overcome if new active devs come forward to take over.

I think some users who have coding knowledge should volunteer to takeover.

If the dev is ready to give up, who wanted to take over the coin? Maybe we can get a reborn if comm change a new dev.

The main problem is that no one supports CommunityCoin.  The only way it can be supported is by distribution and trading for goods and services.  It has no commodity value anymore.  Alt-coins, in general are like a form of stocks.  Their only value is in speculation of their USD/Euro, etc. value.  Without that, they are worthless to anyone and everyone.

I hope to, someday, create a coin that will ONLY be usable within a closed eco-system.  Where it can be purchased with goods that are of value to the person issuing the currency, and only usable within that eco-system, between vendors and between vendor and customer.

Currency... root word "current"... movement.  In this case, money flow.  A currency is only good as it's value for what IT is.  Not what other currency it can be traded for.

Example:  If 1 DOGE = 1 DOGE and someone was willing to sell their house for DOGE (and not the USD equivalent IN Doge), what (and how much) could I buy with 450,000 DOGE (which I had at one time)?

How much is 1 BTC worth, assuming it had NO USD/Euro value whatsoever?  Would you want one?  Would you even care about them?  Of course not.  No one trades ANY alt-coins, for anything OTHER than their USD/Euro equivalent.  If that value were to go to zero, alt-coins would cease to be traded, period.

The only way ANY coin will have intrinsic value is when specific eco-systems are created, where that currency is traded for it's OWN value, outside of any other fiat currency.  Until then... Communitycoin has no future, as far as I can tell.

So where does all these lead us,to community take over?

Yeah; I see how you size it up.

On the other hand...if you have a friend who wants to tread the path you're treading with iX, or what MicroGuy is doing with GoldCoin, COMM would be a good target.

But to be polite, if not inaccurate, COMM is a "long-term challenge." Or, as I like to say with NFD, "I bought myself a job."

As for your purpose, I wouldn't recommend COMM. It's already been delisted from several exchanges. The way it's going, it might be delisted entirely before it hits your desired market cap.

As for NFD, I'd love to recommend it to you but its market cap (even in its doldrums) is way above your threshold. Frankly, I've got NFD pegged as something like Reddcoin...in the early spring. It won't go anywhere unless there's a catalyst; like RDD, that catalyst will be something me and the dev team have come up with "on the fly." Unfortunately or no, there's no such thing as a table of original ideas from which you can pluck an innovation and adapt it quickly. The Redd guys has to come up with Proof-of-Stake Velocity on the fly, and even coming up with the idea took some time. That's what makes it innovative in the business sense: had there not been a problem with RDD's price performance, the dev wouldn't have put in the skull sweat and came up with it.

Really, I can only promote NFD as a long-term hold. The kind of catalyst that would goose it, a la Redd, would be an "innovation" that really is innovative. Ie, original.     

I also suggested using COMM as an asset.But community doesn't see m to well respond to it.

Thanks for the compliment - iXcoin is a work in progress and very much a long term project which still needs quite a bit of work.

While I'm waiting for the next phase to play out for iXcoin I decided to use my spare time by being more productive in searching out good short term crypto investments.

Granted, some of these short term plays may turn out becoming long term plays while some may turn out to be busts.

Unfortunately I can't code and I have a limited budget so I'm looking for coins that have some sort of development team.  I also look for coins which have dropped heavily in price but the drop must be temporary or a result of manipulation. 

Believe it or not, there are quite a few coins out there right now which fit this mold.  I like the name and idea behind CommmunityCoin, I think a lot can be done with it, but the dilution is massive and a full premine is something most investors may not get over. 

I'm also not sure if the dev left with the intention of accumulating and coming back, 65% of me thinks that's the case but at 8 Satoshi, with 1 billion coins out, earning 30% interest, that's too expensive for the high amount of risk I would be taking.

There are way better risk profiles right now which one can take for less cost, like Casino, CASH, Smart, Junk and a few others - coins with fair launches, limited dilution and most also have active devs.

Those coins, most at sub $10,000 Market Cap are a total steal right now and ideally that's what I'm looking to invest in while waiting for iXcoin's next move.

Cheers!

Are you sniffin' around here to see if COMM's a viable revival jobbie like the one you're doing for iXcoin? Hats off to you for doing what you've done for iX, by the way; I'm the type of Barrel's-Bottom cat that finds the idea intriguing. One noticeable lacuna in altcoin land, relative to the stock and bond market, is the absence of the alt answer to bankruptcy investing. Namely, taking a coma coin, buying a whale-sized haunch cheaply, and then sweating the sweat need to revive it. It's a hard and ofttimes frustrating job, but so is bankruptcy investing. The pros actually have chap-11 bankruptcy lawyers on call and don't expect to come out with anything before putting in months of work. The returns are often sweet, but part of the returns are imputed salary for the necessary grunt work to realize anything. 

The bankruptcy-investing stalwarts are about as well know in chap-11 court as Rumpole was in the Bailey.

If the whole 1 billion was premined then how did the dev only have 10 million coins for bounties?

And how were the 1 billion coins distributed?

I'm really shocked at how little people know of this coin given they gave these scammers their money.

there was a premine of 1 billion, it is a PoS only coin.
Regarding pool, I think sameev should use it for some other business/coins or just as a standard pool.

I don't think there is any interest in reviving the coin, that would be (and we all know it, so don't lie to yourself or others) the last pump before all the bag holders dump, so if you think you can find enough morons to buy into this...well good luck...( apart may-be vlad2vlad who just discovered the coin... and who wants absolutely to spend BTC before the end of the day... that's clearly your last chance  )

It would certainly be better to use coin assets to make a new coin (multipool, devs). This coin is dead period.

Now it's all starting to make some sense.

But at $40,000 Market cap it's still too expensive.  This needs to get under $10,000 cap to be a good deal, when comparing to other good coins around that valuation.  At 2 Satoshi I would be a buyer however.

Good luck to everyone. 

Dev didn't say he was leaving or anything.Last time he told Sameev that the community needs to decide the fate of COMM.

So there was a premine for 10 million coins?

That's it?

There are 1 Billion coins out and growing fast, so 10 million coins is nothing, it's pocket lint.

Was there a PoW phase?  How long did it last?  Was the hash-power huge? 

So far I see no way for this dev to have made any half decent money.  And if that's the case then the odds are he will come back.  Devs don't launch scam coins to not make money.

Unless of course, this coin was not intended to be a scam and sheer incompetence and lack of funds resulted on another abandoned ShitCoin.

What exactly did the dev say before he left?  Did you say he's leaving and that's it or what was communicated exactly?