Topic: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast - page 52. (Read 542276 times)

Why do you continue to mine then and spend lots of efforts posting in this thread if it is a worthless coin to you? The only motive I can think of if you found out how to short the coin and will profit should its price crash. Otherwise why bother?

If they are not working coin dead now low vol

Who said I was a stake holder?  I wasn't involved in IPO and only have a few small mining rigs. I didn't sell any of my holdings until after my initial post on 4/9 and AFTER the first post from keccak512 saying my post was a "doomsday" message he didn't agree with and wouldn't make any changes. Then I SOLD EVERYTHING I HAD at that time at around 3500-3600ish. No advantage over anyone else.  Just for the record, I have not and presently do not plan on purchasing any HVC unless something changes.  I continue to mine HVC with 1 or 2 GPUs but that is all. I just started mining this coin like everyone else on day one. The only reason I continue to mine with a GPU or two is that I think that's only fare since I keep posting in the forum. Nothing more, nothing less.

The reason the coin is taking a beating is that people get what I've said (and many others) and understand the problems. It's the devs who either don't get it or don't care.  If you want to put blame on somebody then put the blame on the people who can change/fix it, not on those who report the problems.  The Devs have more or less went into hiding without addressing the issues, the lower hash rates, the falling price of HVC, etc.  (see posts from earlier today/yesterday).

Regardless of if I ever posted my finding, the problem would still be there come sustain phase. Somebody else would have figured the same thing out sooner or later. Would you rather keep mining and holding additional coins for another 3 months before finding out they are going to tank or would you rather have known 2 weeks ago?


Plan B:
If you can't get the "high" voters to lower their vote, then scare them off the network  

You are dead/spot on, IMHO. Going to be vicious circle. But with lower hash and hopefully lower vote counts coming in some additional time has been bought to allow more time for things to work themselves out properly and allow the market to adjust.


Short and right to the point. Great summary! Glad somebody else gets it.

Yeah, like the price is a MAGICAL variable that lives a life of its own and is not tied to other variables at all
For 5 HVC blockrewards to work the price would have to increase 100x +. Even then it takes a less than 10btc investment to perform a 51% attack to just kill the coin. Who in their right minds would invest in something that risky and vulnerable ?
Now how exactly do you see the value increasing 100 folds if even at current all time low prices the daily volume is 3btc   ?
Cayars uses logic in his speculations you are just hoping on "magical" price increase lol. I dumped all 0.5M HVC's at the 2300-2000satoshi range and am not planning to buy in before something is done.

You are obviously more informed then I then.  By all means, please enlighten us how the security of the network holds if we lose mass miners?  I'm all ears waiting to hear/learn how this works.

Sure you can, it's commonly called a "simulation".
plug in and run it at 1000 vote
do again at 800 vote,
do again at 700 vote, 600 vote, 500 vote,...100 vote, 10 vote, etc

You can very easily plot effects based on different vote counts to understand what will happen with all kinds of different vote counts.

Regardless what the vote is, there is no "speculation" to do the above.  You will observe the issues, how the reward per block jumps the wrong directions between phases with certain vote counts.  This makes it close to impossible for the value to track opposite with declining reward blocks (which is needed in an ideal world) into the sustain phase to keep miners, mining.

Then if you want (doesn't really matter) for kicks speculate on what you think the vote will be and try the math again.

Instead of trying to mock someone, do it yourself and gain some knowledge of what your talking about.

You'll see the vote ultimately doesn't really matter much unless it's well under 100 going into sustain and is more illusion then anything unless votes are under a 100 and the market is given time for the value of HVC to ramp up as the reward ramps down.

HVC should be listed there,

https://bitcointalksearch.org/topic/m.6294074

how about apply pos?

voting is fresh
but, stock price is dump because everyone is voting 1024

high supply & none demand

we must have a reason to need to

So current vote is 487 with 4.6 days till next block reward     The lower the vote goes the more optimistic I feel. Can we hit 200 for the next block reward? And 100 the following reward? Holding the block reward at 100 would extend the mint at least a year. This would be great for hvc! I think this would help hvc gain value, which will bring in new miners. My question is how can we as a community encourage them to vote low also? Lets use this dropping vote to drum up some positive energy. I've stated my concerns more than enough, I feel that a strong community effort could overcome these problems and as much as the low price might suck right now it really might be just what we need to get this back on track. If you are voting sub 500 please consider voting 1, even if just for a few weeks. Lets change the vote, change peoples minds, and make hvc a success.

Hold strong, and hold down the vote!

LOL cayars...

"Do the math yourself" LOL. You're still only speculating on what the value/price will be. You cant "do the math" without that variable....

Oh my god! Finally the vote is sub 500! To bad network hashrate is so low. But as I said before, this might be what we need to get the vote down to a good level for longer term mining. The problem is that if hvc gains value all the greedy miners will come back and vote high as they have done up untill now. This is the problem that never goes away. The hvc faithful will vote low because they believe long term mining is key to hvc success.

I believe that heavycoin will go down this is because miners are greedy.  They set the number of coins rewards to be too high and thus cause an excessive supply of heavycoin.  They then being dumping this coin to get their profit.  I believe that there should be a balance to this coin in that 50% of the votes should come from PoS.

So immaculately well said. I couldn't agree more.


Miners always think they're so important. Guess what? They're not.

In one word: SECURITY
Don't take anyone's word for it. Breakout a spreadsheet or get out your calculator and some paper and do a few math problems.  Will take you all of 5 or 10 minutes. You can easily figure out what the vote counts will do to the different phases of the coin. Just run it 3 times.  Vote of 1, 512 and 1024 to see the extremes and mid vote.  Then use a number you think from your gut that will be the vote count entering each phase.

What happens and will there be miners left in the sustain phase?  If not you have a security problem and the coin is compromised.  You'll see for yourself what happens with a mid-point vote of 512 which more then likely will be close to the vote give or take 150.  Reward jumps up in second phase (which will more then likely cause the coin to de-value as more coins are being produced.  Then it drops to at most 8 HVC in 3rd phase.  How does the coin survive a 100 fold decrease in mining profitability?  It can't in all but the most likelyhood.  When you loose miners, you loose hashing and all your coins security.

But again, don't take anyone's word for it.  Do the math yourself, then come back and post what you find.  Then decide if it's something you want to mine now or invest in.

If the answer is YES, then you basically have as much coins to buy cheap now that you want.

I still don't get what the big deal is...

So what, so some guy makes an argument (and that's all it is, an argument, nothing technically wrong with the coin) about time frames and mint phases ect, and what HE THINKs is best...

We can all speculate on how things will play out, but fact of the matter is, not one single person or one single crypto-currency will ever get supply/demand/time correct. Its impossible to predict the traction something will gain/not gain with any sort of real accuracy. Adding the voting was a new and innovative way of trying to deal with this reality, and is offering a much better experiment/feature then 99% of the all the other coins out there.

Also, all of you claiming the coin is dead because its not getting a complete make over every week...  The devs are not required to do anything but pass out bounties, and "SUPPORT THE COIN". Implementing some random dudes argument about what he thinks is better IS NOT part of their responsibility.

Does the Litecoin developer sit in the Litecoin thread all day long responding to trolls?? No... He does not, and nobody cares because all that matters is security updates and basic bug fixes. No little argument about economic models is going to change the rules of Litecoin, and subsequently the whole game for all the investors who already bought in already knowing and agreeing to those rules. To change the coin properties based on one speculator would be unfair to everyone else.

ALSO, why wouldn't you just trade on your speculation about what will happen to price down the road, when it happens, Instead of coming in here now and making multiple long posts about it?? Especially if you were a supposed stake holder... I think we all know by now that there really is only one reason to do such things... Just sad how much this coin has taken a beating from all this. Could have really had some natural momentum going for it from the starting line, but now everyone is all skeptical because of the price drop.   

IMO the devs need to use the IPO fund to hire at least a project/community manager to manage hvc activities.   171BTC is a lot of money... if this is not done this coin will die

He should be active here in btctalk, bitmessage or #heavycoin channel so that people could brainstorm and discuss...or whatever ...

Maybe we need to wait 6 days for another reply.

same question?

Doctor has called TOD at 07:59:21 PM 

Yeah! We're sick of his messages! (j/k )

BTW, i'm going to come up with a digital game download storefront in the coming weeks that will include HVC as form of payment (as well as other cryptos) and will rally some other indie devs to it (i myself develop games).

I hope these efforts along with other members' can make this (and other nice cryptos out there) stronger.