Topic: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast - page 56. (Read 542276 times)
April 21, 2014, 08:19:12 AM
I am still supporting this coin but the dev should come forward and address people concerns.
April 21, 2014, 08:15:15 AM
Is heavycoin a buy at this rate?
It's a steal at this rate.
April 21, 2014, 07:56:17 AM
Is heavycoin a buy at this rate?
April 21, 2014, 07:30:56 AM
i want to just quote post when i argue that inflation is 2 high and that coin will be dead soon with this inflation and all people here including dev were screamin that i am wrong and thet are right. Look at the price and voluime now ..its 3 TIME LESS THEN THEN!
Lower block reward = lower inflation. We have seen that a +500 block reward drives coin value to the ground. Can we shoot for a 100 hvc block reward for a few weeks and see what happens. At this point what do we have to lose by dropping the reward?
April 21, 2014, 07:04:02 AM
How do you plan on addressing what I called the "suicide" phase?
We don't plan to address it because we do not share your doomsday opinion.
Like it or not, the current mint rate is what has been voted for. Also, we do not believe a steep decline in the block reward (if that happens) would necessarily be bad. A low block reward could detract some miners, but an exhausted supply could also put upward pressure on the price, which would serve to attract miners. No one can predict the future. There are some very successful altcoins, most notably Quark, that have undergone sharp drops in mining reward. Our view is that this factor alone does not determine the future of a coin. However, miners are free to adjust their votes according to their beliefs.
Wrt. temporal retargeting we conducted large-scale tests and found that it works very well. We had a look at the timewarp exploit and fix. As far as we know time-warp does not impact Heavycoin. We use completely different code in this section. This does not mean that there could not be an exploit one day, but if there were, it's not the end of the world because software can be updated and further improved.
April 21, 2014, 06:58:51 AM
Well I didn't kill the coin, the designers/dev did. I just shared my findings.
The only chance the coin has/had is for votes to become much lower (since devs won't change anything) so the word had to be spread. Unfortunately the whales are voting high so we can't make enough difference.
Would you have rather known last week or 3 months from now when you could be holding 4 times more coins.
Besides, the devs are aware of the problems and choose to do nothing about it. Put the blame where it belongs and not on the messenger.
Carlo
But yea, the value started to slowly tank when people read my original message which described the problems and the devs said they wouldn't make any changes.
On a lighter note:
Happy Easter everyone!
The only chance the coin has/had is for votes to become much lower (since devs won't change anything) so the word had to be spread. Unfortunately the whales are voting high so we can't make enough difference.
Would you have rather known last week or 3 months from now when you could be holding 4 times more coins.
Besides, the devs are aware of the problems and choose to do nothing about it. Put the blame where it belongs and not on the messenger.
Carlo
But yea, the value started to slowly tank when people read my original message which described the problems and the devs said they wouldn't make any changes.
On a lighter note:
Happy Easter everyone!
So what you're saying is...heavycoin is dead weight?
(•_•)
( •_•)>⌐■-■
(⌐■_■)
April 21, 2014, 03:38:27 AM
April 21, 2014, 03:28:07 AM
Pool hash rates and miners
| pool | rate (Mh/s)*
April 21, 2014, 03:17:59 AM
So in my stats post, expect votes from 1gh and and miningpoolhub to be void - can't be bothered to mess around with abe to transload a local blockchain file (and running the client/daemon) into a database. April 21, 2014, 01:32:18 AM
DEV gone on holiday with the 100K USD in IPO he made
 April 21, 2014, 12:44:08 AM
So if the dev suddenly came back and said you guys need something? What would you guys say!? A) where have you been!? d) Just make an announcement if you are abandoning ship and let someone else take over, or step up your presence in the community! Maybe there is a legit reason they both have been unavailable for the past 6 days, I'm willing to give them the benefit of the doubt. But they really need to level with the communtiy. If they are walking away from HVC they need to just come out and say so. I think the community would be willing and able to pick up the ball and run with it. They gave us a great coin with 1 issue, the voting. Yes it's an interesting experiment, but its become a liability for the coin. If we could scrap the vote, or seriously limit the max vote, this coin would straighten up and fly right. It has to have long term, stable viability. Thanks to all who are holding strong and voting low. Looking forward to hearing some thunder!! In my mind, absence for ~1 week after launching a new coin is tantamount to deliberate price manipulation. Developer is not stupid,he knows with certainty the price will plummet if he doesn't show up in a while. Everyone who has followed the coin can see the price is low for such a (relatively) innovative coin. However it's no use unless the rest of the market can appreciate it. Typically the markets are naive and driven by short term hype and gimmicks/memes/quick cash grabs. This one can play out a bit longer over the summer and take a while to gain a bit of traction, it's under the radar right now and definately undersubscribed, In next few months (right over summer) there is a HUGE influx of ASIC hardware coming onto market, most from a few private suppliers who will make a fortune. Scrypt without a doubt is more centralised than BTC at that time. We will see whether we will see another gold rush spiking the price of all scrypt coins, or the opposite effect where people realise scrypt is total junk that provides no benefit over sha256 and only lines the pockets of a few- the train for those that missed btc. I'd love for it to be the former for the sake of cryptocurrency in general bitcoin could do with all the eyes pointed on it, in terms of multimillion dollar investments into securing proof of work on alternate chains, but greed may make it the latter and could play out just like btc. Regardless HEFTY1 is a cool summer algo to put all those gpu workers pointing at. And personally I stopped buying HVC some days ago, won't be buying any more without some clear roadmap or leader stepping up, but not selling either at this price-- I'm in sunk cost fallacy mode., would rather see investment go to 0 April 20, 2014, 09:04:34 PM
So if the dev suddenly came back and said you guys need something? What would you guys say!? The top of my list would be something like this:A) We need for you to make changes to the code to change the rewards and timeline, or hand over control of code to the community as these changes must be done. B) Any alteration/changes will be first discussed by the community or a committee formed for this sole purpose of figuring out exactly how this should be done. It should be well thought out. Carlo April 20, 2014, 08:30:15 PM
So if the dev suddenly came back and said you guys need something? What would you guys say!? A) where have you been!? d) Just make an announcement if you are abandoning ship and let someone else take over, or step up your presence in the community! Maybe there is a legit reason they both have been unavailable for the past 6 days, I'm willing to give them the benefit of the doubt. But they really need to level with the communtiy. If they are walking away from HVC they need to just come out and say so. I think the community would be willing and able to pick up the ball and run with it. They gave us a great coin with 1 issue, the voting. Yes it's an interesting experiment, but its become a liability for the coin. If we could scrap the vote, or seriously limit the max vote, this coin would straighten up and fly right. It has to have long term, stable viability. Thanks to all who are holding strong and voting low. Looking forward to hearing some thunder!! April 20, 2014, 08:09:38 PM
I know prices are in the toilet right now, I only want the best for HVC, perhaps after the Thunderclap tomorrow will bring in some fresh faces. In case they come here we just need to prepare for some "basic" questions they may have, without community there is no coin.
April 20, 2014, 07:58:25 PM
So if the dev suddenly came back and said you guys need something? What would you guys say!?
A) where have you been, you suck!? b) kick rocks the coin is dead already? c) Really now you show up!? d) Just make an announcement that you are abandoning ship and let someone else take over! e) Are you running? f) Ive dumped already thanks for that... April 20, 2014, 05:16:45 PM
Forgot to note - no stats update today - one coming tomorrow, although the pool votes thing is missing a bunch of data due to heavychain.info appearing down (only getting cloudflare cache).. I'll see about sourcing the missing data off of one of the other heavychain explorers ( http://hvc.42tx.com/ - seems to be pretty responsive ).
April 20, 2014, 03:42:51 PM
I am holding all mine and voting 1, it's still a great deal in BTC/kWh ratio even at the current price!
The noise my cards make when mining scrypt alone make it worth continuing to mine HVC! April 20, 2014, 02:14:33 PM
although the current price doesn't look any good, I'm pretty sure HVC has a future and it will turn around and rock at some point
April 20, 2014, 02:00:25 PM
Look how fast the vote comes down when the price drops. Great effort by those who are sticking with it. I would hope the devs stop by and give us some comments on all that we have been discussing over the past week. It is needed.
Nonce pool could use a hashrate boost if any miners want to head over there, I believe they are 0% mining fee. Anyone know if there is an easy way to see the votes from 1gh or poolhub? I did notice in the art thread that finalists had been notified about a week ago, so maybe we will see the final heavycoin logo soon. Happy easter April 20, 2014, 11:06:17 AM
What would be the role of the management team? Would we take over source code and development? I think that depends on what level of involvement the devs are going to have. maybe a few bit messages from community members will get them back here to address some of this. Jump to:
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