Topic: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast - page 14. (Read 542276 times)

Hey guys,

I've asked Keccak to take a look at your messages and let us know what's happening.

I've always found asdf55 to be careful with his numbers, but it's not out of the question that there's something we haven't taken in to account/mis-calculated about the current block reward.

Keep in mind that we don't have a confirmed problem yet, but by all means we should look in to what's happening.

I'll be keeping an eye on this with you guys and let you know if I hear from Keccak outside of here.

About the next update, I don't have an official word, but I know the guys have been working on the 1.4 release, I'd expect that they're waiting for the end of limit phase to add a checkpoint to the code, just like at the end of the mint phase.

Feel free to post any calculations of this - I'm going to double check the numbers and see if anything stands out to me. It might also be worth taking a look at the code on github to see if it gives us any ideas.

Cheers,
M

Just for this we may need that somebody notifies the devs to check, fix and keep an eye on this for a while...

We missed 8 block transition period. Hopefully at the end of limit phase ( 380 blocks ~12.5 hours ) block reward and block vote will be forced to 8...

Great, so even more inflation and dilution. 

More than 3.000 blocks now mined at 300+ block reward while it should have been 8, and even the votes are still at 300+ when they should have been at a max of 8 days ago.
Mumbly is a fix coming for this?

up

Block reward change was at block 129'600, next reward change is at block 133'200 when I expect 8 coins/block to kick in. I wrote about small wallet bug before, about block reward change error - in wallet change is about 700 blocks later than it actual is on network.

Although, I think it is unlikely, I like your optimism!

Would not be surprised if BTC takes another value jump in December and I think altcoins will exponentially grow with that. I'll get myself some extra HVC.

Actually the block reward should go to 8 tomorrow already if the specs are correct as there should be a vote limit of 8 for the last 3600 blocks of limit phase, and that will happen in ~850 blocks.

Check the year for your all in by Wall street prediction. I'm assuming you meant 2015 because it hasn't happened this year. I'm very well versed on how the markets work these days. I've been doing this for a very long time. That's why I quit trading them in 2006 after more than 40 years. I started mining BTC in 2009 and LTC in 2012 so I did well there. As many have said the alt markets are in the wild west stage. A few will survive, most won't IMHO. I have positions in several that I think will do well. If they don't then it doesn't really matter to me. All I have invested in them is the electricity it took to mine them. Like I said before, let's revisit this in 6 months or so. Your predictions could be spot on but the US govt has already declared cryptos as a taxable commodity which will definitely be a hindrance and the fundamentals do not support you ATM.

Cheers.

4580 blocks until the end of limit phase (about 6 days)

Last year I said I THINK Bitcoin will go over $1,000 and match gold within 12 months.  I said I THINK the ETF is a done deal.  And I THINK Wall Street is secretly buying Bitcoin and will go all-in next year (2014).


All of these things have happened just like I THOUGHT.

The thing about investments is that if you can't see ahead of the masses (the herd) there's no way to make any real money.  That's why only insiders keep getting richer, massive wealth is transferred from those who don't know to those in the know [ZERO sum game].  I traded stocks for over 20 years and this was the hardest, most expensive lesson I ever learned:  ALL markets are rigged [ALWAYS] but if you know their next move, which takes great understanding and predictive power, you can prepare like them and make a killing when the herd moves in [too late].

I am more certain about $10,000 by the latest next Q1-Q2, than I was about Bitcoin going over $1,000.  There was hardly any visibility last year while now it's much more clear.

I tell you guys this [cause just like last year] people will sell way too early because they don't understand what's in-play and where Bitcoin is headed. 

So be smart once that ETF license goes green and hold on to your BTC and alts - it's gonna get crazy, much crazier than last November.


Cheers!

Last year I said I THINK Bitcoin will go over $1,000 and match gold within 12 months.  I said I THINK the ETF is a done deal.  And I THINK Wall Street is secretly buying Bitcoin and will go all-in next year (2014).


All of these things have happened just like I THOUGHT.

The thing about investments is that if you can't see ahead of the masses (the herd) there's no way to make any real money.  That's why only insiders keep getting richer, massive wealth is transferred from those who don't know to those in the know.  I traded stocks for over 20 years and this was the hardest, most expensive lesson I learned:  ALL markets are rigged [ALWAYS] but if you know their next move, which takes great understanding and predictive power, you can prepare like them and make a killing when the herd moves in [too late].

I am more certain about $10,000 by the latest next Q1-Q2, than I was about Bitcoin going over $1,000.  There was hardly any visibility last year while now it's much more clear.

I tell you guys this [cause just like last year] people will sell way too early because they don't understand what's in-play and where Bitcoin is headed. 

So be smart once that ETF license goes green and hold on to your BTC and alts - it's gonna get crazy, much crazier than last November.


Cheers!

I don't even know what to say to that. Pipe dream? IMHO BTC will not reach $1k by years end and has a very good possibility of being even lower than it is now by then. MACD and BBands are usually very good indicators of future movements. If BTC was consistently setting higher lows on pull backs I would be more optimistic but it has not been doing that.

I highlighted the key word in that sentence. Let's come back here in 6 months for a review. 

That wasn't even what I meant. The mere fact alone that you, a single person, owns 1.2% (more than a million of a "coin" which is nothing but a number saved on some computers) of HVC shows that nobody really has interest in it.
Again
Please tell me, why should it even start to move? Why would there be any interest in a coin that has nothing special really (voting is pretty much over soon, so this novum is no longer a "special incentive"), with no services offered (except 1 gambling site and a few merchants that do nothing but flat convert it to BTC). The dev has left us with his ~150 BTC months ago, probably after getting rid of all his coins.
My prediction: As soon as the mint phase is over, this coin will also be pretty much done for. Currently the network hashrate is at ~3GHs. When leaving the mint phase, the coin reward will drop to 1-2% of what it currently is. Unless the price rises, then I'm rather certain the hashrate will drop to 1-2% as well, resulting in a hashrate of maybe 30-100 mh/s. That is something I can top with my computers here of which none is a mining rig. And I really doubt that the price will rise since there is literally nothing you can do with this... Aside from trading into other (worthless) altcoins or bitcoin.

Thats good for you. Just let me know when
because if it happens, you can have 99% of my HVC.

Last year I was the only one on this forum to correctly predict BTC going over $1,000 and matching Gold within the correct timeframe.

And I was also the only one who predicted that the ETF license was a done deal from day one.  I was laughed at and called insane for these predictions.

Predicting the BTC:Gold parity was more difficulty in my mind [as far as being able to actually see it and understand it] than predicting BTC going to $10,000 right now.  The ETF was not confirmed by any pros last year and actually they all said it would never pass.

Wall Street was still buying only on stealth mode [as I said at the time they were].  So we now know much more and so the vision is much more clear and I see $10,000 as a guarantee and we will actually see much higher prices than $10,000 for Bitcoin in the 2nd half of next year.  $10,000 should be the initial fund inflow into Bitcoin by Q1-Q2 after the ETF license is granted, then a massive price correction as the ETF options are gamed by the pros on Wall Street and then the next leg up which should blow $10,000 out of the water as global funds race to get their pound of bits before the masses come in.

Just buy all you can and diversify; you can literally become a millionaire even now at this point off just a few grand if you invest wisely and don't sell early.

Cheers!

I don't have many HVC and I.. am not really a rich altcoin holder. But I sooooo hope you're right......

What I said wasn't a contradiction.  Try buying 1 million HEAVY right now for .25 BTC.  It's impossible.  Even for 1 BTC.

I simply caught a lucky break which only lasted a few days when people were dumping their coins from Mintpal. That's a fluke.

And also, consider that there are many people like you who bought way higher - this creates a much higher floor for HEAVY once it starts moving, so the next rally won't be killed since only a few buyers bought at an ultra low price.

As for the overall market - don't worry, when BTC hits $10,000 in the next ~6 months, alts will explode like you've never seen.  I think Hedge funds are already buying alts so this next rally will have legs.

Just diversify and don't sell too quickly - that's the mistake most people made last November.

Cheers!

This already contradicts your whole statement about HVC being consolidated.
I, at first, also believed in Heavycoin. But at some point I just noticed that pretty much every altcoin is superfluous. Since my Heavycoins are now worth approx. 2% of what it was when I got them, there is no point in selling them either. So I hope that you are right that it will "start moving up", but on a more serious note I doubt that it will ever happen, after all why should a ever come. You can't do shit with pretty much all altcoins.

Given I'm new here and I bought 1.2% of all the HEAVY coin and I did it for a fraction of 1 BTC and in just a few days I'd say yes, I really do believe it.

Trust me, Heavy has been bought up and is completely consolidated.  When it starts moving up you won't see many coins for sale until it goes up at least 10-20 fold.

Cheers!