Topic: [ANN] LiteDoge - such Community coin | no premine | very fast | much profit - page 22. (Read 125406 times)
October 15, 2015, 09:04:46 PM
I'm still homing the adorable little bastards.
October 14, 2015, 11:39:25 PM
... LiteDoges looking for owners ...
October 14, 2015, 11:00:28 PM
I have a 0 connections.
Any alive nodes?
Any alive nodes?
Some working nodes.
198.245.50.213
85.25.214.214
68.196.27.118
45.32.238.77
98.186.65.97
173.245.157.67
24.7.144.109
192.52.167.158
71.33.158.187
101.165.90.37
167.160.36.9
173.24.12.46
82.66.55.40
82.46.79.119
67.249.44.206
Thanks!
October 14, 2015, 10:41:15 PM
LDOGE is fun just like it is now. I would love for the price to go up to 100 sats just because, but I don't think reducing the stake rewards will do that. Why? I simply don't believe in supply side economics. The plan to cut stake rewards is like cutting taxes for the top 1% and expecting the rewards to trickle down to everyone else. This is otherwise known as "voodoo economics" (thanks Bush!)
Demand side economics are what is important. Reducing supply will reduce the demand that is currently there, because people buy into a high % stake coin because they want to stake high. People that are currently buying now won't want to buy if they can't stake high. I don't hear a lot of people chiming in that if the rewards get reduced they are going to drop 10 BTC buying LDOGE if the rewards get reduced. Assuming that the demand will go up or stay the same if the supply is reduced is not a valid assumption.
Demand side economics are what is important. Reducing supply will reduce the demand that is currently there, because people buy into a high % stake coin because they want to stake high. People that are currently buying now won't want to buy if they can't stake high. I don't hear a lot of people chiming in that if the rewards get reduced they are going to drop 10 BTC buying LDOGE if the rewards get reduced. Assuming that the demand will go up or stay the same if the supply is reduced is not a valid assumption.
The supply IS being reduced. But only at a rate of about 2k ldoge per month. There is still time to get in NOW while the getting/staking is GOOD!
October 14, 2015, 03:44:41 PM
LDOGE is fun just like it is now. I would love for the price to go up to 100 sats just because, but I don't think reducing the stake rewards will do that. Why? I simply don't believe in supply side economics. The plan to cut stake rewards is like cutting taxes for the top 1% and expecting the rewards to trickle down to everyone else. This is otherwise known as "voodoo economics" (thanks Bush!)
Demand side economics are what is important. Reducing supply will reduce the demand that is currently there, because people buy into a high % stake coin because they want to stake high. People that are currently buying now won't want to buy if they can't stake high. I don't hear a lot of people chiming in that if the rewards get reduced they are going to drop 10 BTC buying LDOGE if the rewards get reduced. Assuming that the demand will go up or stay the same if the supply is reduced is not a valid assumption.
Demand side economics are what is important. Reducing supply will reduce the demand that is currently there, because people buy into a high % stake coin because they want to stake high. People that are currently buying now won't want to buy if they can't stake high. I don't hear a lot of people chiming in that if the rewards get reduced they are going to drop 10 BTC buying LDOGE if the rewards get reduced. Assuming that the demand will go up or stay the same if the supply is reduced is not a valid assumption.
October 14, 2015, 09:51:32 AM
I have a 0 connections.
Any alive nodes?
Any alive nodes?
Some working nodes.
198.245.50.213
85.25.214.214
68.196.27.118
45.32.238.77
98.186.65.97
173.245.157.67
24.7.144.109
192.52.167.158
71.33.158.187
101.165.90.37
167.160.36.9
173.24.12.46
82.66.55.40
82.46.79.119
67.249.44.206
October 14, 2015, 09:21:54 AM
I have a 0 connections.
Any alive nodes?
Any alive nodes?
October 13, 2015, 11:31:20 PM
... LiteDoge likes POSing ...
October 13, 2015, 03:37:08 PM
I think your reward scheme is fucking retarded. 100? hahah
My reasoning, just because.
I also own 1.5% and I will happily dump the shit on the floor and move on the instant i'm not having fun with it again.
Current litedoge, fun. Your litedoge, is someother fucking coin. Go play with someother fucking coin.
My reasoning, just because.
I also own 1.5% and I will happily dump the shit on the floor and move on the instant i'm not having fun with it again.
Current litedoge, fun. Your litedoge, is someother fucking coin. Go play with someother fucking coin.
I spit my coffee out all over my computer while reading this! Thanks!
I want to have fun with litedoge too! Where do you go to have fun with it?
Go to the IRC channel "for a good time"
October 13, 2015, 03:35:17 PM
I think your reward scheme is fucking retarded. 100? hahah
My reasoning, just because.
I also own 1.5% and I will happily dump the shit on the floor and move on the instant i'm not having fun with it again.
Current litedoge, fun. Your litedoge, is someother fucking coin. Go play with someother fucking coin.
My reasoning, just because.
I also own 1.5% and I will happily dump the shit on the floor and move on the instant i'm not having fun with it again.
Current litedoge, fun. Your litedoge, is someother fucking coin. Go play with someother fucking coin.
I spit my coffee out all over my computer while reading this! Thanks!
I want to have fun with litedoge too! Where do you go to have fun with it?
October 12, 2015, 11:21:33 PM
I think your reward scheme is fucking retarded. 100? hahah
My reasoning, just because.
I also own 1.5% and I will happily dump the shit on the floor and move on the instant i'm not having fun with it again.
Current litedoge, fun. Your litedoge, is someother fucking coin. Go play with someother fucking coin.
My reasoning, just because.
I also own 1.5% and I will happily dump the shit on the floor and move on the instant i'm not having fun with it again.
Current litedoge, fun. Your litedoge, is someother fucking coin. Go play with someother fucking coin.
October 12, 2015, 10:53:16 PM
I am thinking we should do a hard fork and remove all the staking interest, make it stake at 888 or 900 coins each time and leave it at that, no more monthly reducing of interest over a long period of time. This hyperinflation of stake interest is keeping this coin's value down. I see this coin being at least 100 or 200 sat each. But the hyperinflation staking interest needs to be removed. Who agrees with me?
I do..
1st we need to finalise the current wallet upgrade (no fork required).
2nd if we fork, I suggest no block time change (too risky) but reduce the rewards as follows:
Currently at block 261,667
Block 235,000 — 279,999: 24,000 LiteDoge Reward
Block 280,000 — 324,999: 18,000 LiteDoge Reward
Block 325,000 — 369,999: 14,000 LiteDoge Reward
Block 370,000 — 414,999: 10,000 LiteDoge Reward
Block 415,000 — 459,999: 8,000 LiteDoge Reward
Block 460,000 — 504,999: 6,000 LiteDoge Reward
Block 505,000 — 549,999: 4,000 LiteDoge Reward
Block 550,000 — 594,999: 3,000 LiteDoge Reward
Block 595,000 — 639,999: 2,000 LiteDoge Reward
Block 640,000 — + : 1,000 LiteDoge Reward (low to ensure future of coin)
I agree on everthing expect the final staking reward should not be 1000 but like 888 or 900
October 10, 2015, 06:34:06 AM
---------------------- Tip your friends now!! ---------------------
Follow @LiteDogeTips and receive 1000 LDOGE free
https://twitter.com/litedogetips
Use the commands:
@litedogetips deposit (this will generate a LDOGE Address for you to deposit coin in)
@litedogetips withdraw address (withdrawing tips to your wallet)
@litedogetips balance (show your balance - wait for deposit coin to confirm - delete tweet once done)
@litedogetips tip @username amount (enter username and amount you want to tip)
eg. @litedogetips tip @litedogetips 1000
All 339 followers have been given 1000 LDOGE - if anyone was missed (post below your twitter address)
... share the happiness ...
Follow @LiteDogeTips and receive 1000 LDOGE free
https://twitter.com/litedogetips
Use the commands:
@litedogetips deposit (this will generate a LDOGE Address for you to deposit coin in)
@litedogetips withdraw address (withdrawing tips to your wallet)
@litedogetips balance (show your balance - wait for deposit coin to confirm - delete tweet once done)
@litedogetips tip @username amount (enter username and amount you want to tip)
eg. @litedogetips tip @litedogetips 1000
All 339 followers have been given 1000 LDOGE - if anyone was missed (post below your twitter address)
... share the happiness ...
October 10, 2015, 04:14:15 AM
... LiteDoge has moves ...
October 10, 2015, 03:56:10 AM
This coin is great as it is. No changes are necessary. A few months ago when it was being discussed to make changes to HYP, a wise man named Kushed said "if it ain't broke, don't fix it". I think that applies equally well in this case. The rewards are going to fall on their own as scheduled in 9200 more blocks. Reducing the rewards through a hard fork will only benefit people who already have a lot of coins and not encourage new people to buy. There has been talk of adding a feature of adding a feature of sending stake rewards to a different address like on other coins, and this feature will be less exiting if the stake reward being sent is only worth a few satoshis.
Right now with LDOGE as it currently is you can buy for 1 satoshi each if you set a buy order and wait. You can then stake for a while and sell them back for 1 satoshi, with the rewards more than paying for the exchange fees. How is this a bad thing? If you don't like LDOGE as it is you should just sell all of your LDOGE for 1 satoshi, I will buy them.
Right now with LDOGE as it currently is you can buy for 1 satoshi each if you set a buy order and wait. You can then stake for a while and sell them back for 1 satoshi, with the rewards more than paying for the exchange fees. How is this a bad thing? If you don't like LDOGE as it is you should just sell all of your LDOGE for 1 satoshi, I will buy them.
October 07, 2015, 10:08:35 AM
Please Donate Bounties for LiteDoge
Maintenance of Services, Tipping and New Developments - bounties
Maintenance of Services (Will be used to reward the members paying for services)*
Block Explorers (https://www.blockexperts.com/ldoge ; http://www.presstab.pw/phpexplorer/LDOGE/ ) - LDOGE: to be added
Website (http://www.litedoge.org/ ) - LDOGE: dVeau9Ux5YknP1cNMSHwqRiCZQQuGhaysj
Facebook (https://www.facebook.com/Litedoge?fref=ts ) - LDOGE: dFcMqAemYYrnfguD2iXWwv7FiwSJZMcS4D
IRC Chat (https://kiwiirc.com/client/irc.kiwiirc.com/#Litedoge ) - LDOGE: dFnEnT3zkgdzLvRdi8aoKpMZxgukK4zD3z
Reddit (https://www.reddit.com/r/litedoge/ ) - LDOGE: to be added
LiteDoge Forum (http://litedoge.org/forum/ ) - LDOGE: dMfFJCZwJCJnT4qfS4ykNLWQxBsZ1Fsu4z & dXrveNvFMcB9jhmYiBYAnZTW4q79T4Lamt
Twitter (https://www.twitter.com/litedoge ) - LDOGE: dFcMqAemYYrnfguD2iXWwv7FiwSJZMcS4D
Twitter Tips (https://twitter.com/litedogetips ) - LDOGE: dDdaDu89yiXEYae2Lm8m8YmwWTCtSqhiLq
* Those members who maintain services please send me your LDOGE address and the service you maintain in order to be added for donations.
Tipping (Will be used to tip the community)
LiteDoge Twitter Tipping Address - LDOGE: dDXLFYmtzrTftqVZPx6q5wZsaoc3kaFh4s (Balance: 886000 LDOGE)
New Developments - Bounties (Will be used to pay for new wallet upgrades and developments)
LiteDoge Wallet upgrades: LDOGE: dT7PJ9BETRuXKAK8aoJ7ygbW8zHJjsCxyb (Balance: 7500000 LDOGE)
LiteDoge Online / Web Wallet : LDOGE: dMeyrt1bkahkthwShYgfd8uaLvsCkX2WoA (Balance: 2050000 LDOGE)
LiteDoge Payment Gateway : LDOGE: dRQ4DdYWEvedzbED9ezwFAhcfHc2MMnP5i (Balance: 2050000 LDOGE)
If community members would like to propose a new bounty, or anyone would like to claim a bounty please message me.
Also accepting donations to eat the 1&2 sat wall (all purchased LDOGE will be added to above bounties) btc acc: 1JnTmgdykCLe4yHERFfAa4MQhLGeVnXTTU
Take Note: Only 4 members have donated so far to new bounty list, namely litedoge, hcf27, SockPuppetAccount and heathcoin.
October 07, 2015, 08:58:16 AM
October 07, 2015, 07:38:25 AM
Seriously??? there is no way! Not that low! What are you thinking???
Why not? I'm thinking about a viable coin that can be used for micro transactions, tipping, gaming, fun... All kinds of applications.
My logic is this:
- Reduce daily emissions to allow market pricing to be achieved. Currently too many are being generated per day and the market has been at a stalemate (1-2sats) for nearly 6 months!
- A viable tipping coin needs to be easy to give away but harder to earn. It's far too easy to earn LDOGE atm and harder to give them away. We need to flip that.
- 10 Billion coins is plenty for a foundation. Then a reasonable daily emission encourages generosity among the community but also a level of investment opporitunity. At the rate we're at now the only perk to owning LDOGE is to 1. feel like a millionare (1M coins), 2. Double up investment (buy at 1 sat and sell at 2 sat.
- Dogecoin has a 10,000 coin block reward. The coin has been around for 2-3 years and it has too many coins. Price stalled, etc.. Instead of racing to catch up with their crazy Total Coin Supply (100Billion) I think a coin will have a larger impact with minimal rewards and a purpose. It can't be to emulate DOGE in every way.
- 100 LDOGE per block (ultimate goal) is similar to a PoW coin reward. This will still give 135k coins/day but also make stakers think twice about selling right away. It's been proven with coin experiments time and again if you make the reward worthwhile to point your computer towards it but not outlandish where distribution gets discombobulated and top heavy then the chances of survival and community participation increases.
- I own 1.5% of total supply but I think that's too much. Selfishly I'd like to see the max supply level off around 10M within 1 year's time so the price will rise and I can sell some of my supply down to 1% (my typical investment in a coin project I like). Most of my supply is from staking, I'm not selling for 2 sat and I don't want to hold 1.5% (or even more if I keep my computer on) for another year. Just being honest.
October 07, 2015, 12:35:58 AM
Current price dogecoin lite increasingly fall
October 07, 2015, 12:32:25 AM
I am thinking we should do a hard fork and remove all the staking interest, make it stake at 888 or 900 coins each time and leave it at that, no more monthly reducing of interest over a long period of time. This hyperinflation of stake interest is keeping this coin's value down. I see this coin being at least 100 or 200 sat each. But the hyperinflation staking interest needs to be removed. Who agrees with me?
I do..
1st we need to finalise the current wallet upgrade (no fork required).
2nd if we fork, I suggest no block time change (too risky) but reduce the rewards as follows:
Currently at block 261,667
Block 235,000 — 279,999: 24,000 LiteDoge Reward
Block 280,000 — 324,999: 18,000 LiteDoge Reward
Block 325,000 — 369,999: 14,000 LiteDoge Reward
Block 370,000 — 414,999: 10,000 LiteDoge Reward
Block 415,000 — 459,999: 8,000 LiteDoge Reward
Block 460,000 — 504,999: 6,000 LiteDoge Reward
Block 505,000 — 549,999: 4,000 LiteDoge Reward
Block 550,000 — 594,999: 3,000 LiteDoge Reward
Block 595,000 — 639,999: 2,000 LiteDoge Reward
Block 640,000 — + : 1,000 LiteDoge Reward (low to ensure future of coin)
With 8 BILLION + of these dogies out in the wild I propose a more drastic completion to these hefty block rewards.
Block 235,000 — 279,999: 24,000 LiteDoge Reward
Block 280,000 — 324,999: 12,000 LiteDoge Reward
Block 325,000 — 369,999: 6,000 LiteDoge Reward
Block 370,000 — 414,999: 3,000 LiteDoge Reward
Block 415,000 — 459,999: 1,500 LiteDoge Reward
Block 460,000 — 504,999: 750 LiteDoge Reward
Block 505,000 — 549,999: 500 LiteDoge Reward
Block 550,000 — 594,999: 300 LiteDoge Reward
Block 595,000 — 639,999: 200 LiteDoge Reward
Block 640,000 — + : 100 LiteDoge Reward (low to ensure future of coin)
The analysis of this distribution can be found here: http://pastebin.com/SncTpzQM
Essentially, This would add 25% more coins (~2.1 Billion) to the current supply over 46 days.
Then roughly 135,000 coins would be minted everyday for a slowly reducing inflation rate starting @ %.001
My math might be off but I think it's right.
I think for a tipping coin we need to get a reasonable amount of coins in the wild per day (135,000) and get to that number as fast as possible (46 days).
Only then will the markets, community and World react.
EDIT:
My math was off, my apologies.
With the above timeline I propose it would still take 280 days to generate the 25% more coins (~2.1 Billion) and settle into the 100 LDOGE block reward.
Even more reason to get more aggressive with the reward structure!
Seriously??? there is no way! Not that low! What are you thinking???
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