Topic: [ANN] Lyrabar - A rare bar with Lyra2REv2 algorithm, 0.9.1 is out! [CPU/GPU PoW] - page 16. (Read 67672 times)

Quote from: etang600 on March 05, 2015, 10:29:58 PM

Quote from: etang600 on March 06, 2015, 09:54:54 AM

Updated the faucets list.

The official Lyrabar faucet

Ikiscream's faucet

When is merged mining with vert happening ? It'll help both coins

Yea if you can pull that off I could see LYR hitting $10 each.

Merged mining with vert killed LYR Sad

First off, the coin is LYB, if you actually had the coin you would probably know that.

Second, there is no way merge mining killed it because it is not yet merge mineable.

FUD crushed.

Ranter

Merged mining with vert will be killed LYB Sad

This good for you?

njs811

sr. member

Activity: 406

Merit: 250

Quote from: njs811 on March 06, 2015, 09:53:13 AM

Quote from: etang600 on March 06, 2015, 09:49:43 AM

Quote from: etang600 on March 06, 2015, 09:45:10 AM

Quote from: njs811 on March 06, 2015, 09:53:13 AM

This is a relatively new market concept. Bottom line is that no one here can claim that a coin will go one way or another with complete certainty. At best it can be based on a gut feeling. Comparing one coin to another may give us an idea, but it is by no means a guidebook. Personally I can see the benefits of LYB merge mining and its supply making this coin worth $10 a piece. Once merge mining happens it will give this coin the exposure it needs.

Not really that new . Bitcoin did it a while back

Do you have any idea how old the stock market is?

Yes , but we aren't talking about the stock market. You can't mine the nasdaq .

And eventually you wont be able to mine most of these coins. Even if they survive for the next 100 years. Our children and grand children will look at a mining concept and wonder what the heck we were thinking. Many coins go to POS or some other transitional stage.

Ok, but the point is you could never mine stocks .

In coal company's you could.

**besides, many company's pay there employees in stock options as well. So as you work you are working to achieve some stock.

etang600

newbie

Activity: 27

Merit: 0

Quote from: etang600 on March 06, 2015, 09:49:43 AM

Quote from: etang600 on March 06, 2015, 09:45:10 AM

Quote from: etang600 on March 06, 2015, 09:49:43 AM

This is a relatively new market concept. Bottom line is that no one here can claim that a coin will go one way or another with complete certainty. At best it can be based on a gut feeling. Comparing one coin to another may give us an idea, but it is by no means a guidebook. Personally I can see the benefits of LYB merge mining and its supply making this coin worth $10 a piece. Once merge mining happens it will give this coin the exposure it needs.

Not really that new . Bitcoin did it a while back

Do you have any idea how old the stock market is?

Yes , but we aren't talking about the stock market. You can't mine the nasdaq .

And eventually you wont be able to mine most of these coins. Even if they survive for the next 100 years. Our children and grand children will look at a mining concept and wonder what the heck we were thinking. Many coins go to POS or some other transitional stage.

Ok, but the point is you could never mine stocks .

njs811

sr. member

Activity: 406

Merit: 250

Quote from: etang600 on March 06, 2015, 09:45:10 AM

This is a relatively new market concept. Bottom line is that no one here can claim that a coin will go one way or another with complete certainty. At best it can be based on a gut feeling. Comparing one coin to another may give us an idea, but it is by no means a guidebook. Personally I can see the benefits of LYB merge mining and its supply making this coin worth $10 a piece. Once merge mining happens it will give this coin the exposure it needs.

Not really that new . Bitcoin did it a while back

Do you have any idea how old the stock market is?

Yes , but we aren't talking about the stock market. You can't mine the nasdaq .

And eventually you wont be able to mine most of these coins. Even if they survive for the next 100 years. Our children and grand children will look at a mining concept and wonder what the heck we were thinking. Many coins go to POS or some other transitional stage.

etang600

newbie

Activity: 27

Merit: 0

Quote from: etang600 on March 06, 2015, 09:45:10 AM

Quote from: etang600 on March 06, 2015, 09:45:10 AM

This is a relatively new market concept. Bottom line is that no one here can claim that a coin will go one way or another with complete certainty. At best it can be based on a gut feeling. Comparing one coin to another may give us an idea, but it is by no means a guidebook. Personally I can see the benefits of LYB merge mining and its supply making this coin worth $10 a piece. Once merge mining happens it will give this coin the exposure it needs.

Not really that new . Bitcoin did it a while back

Do you have any idea how old the stock market is?

Yes , but we aren't talking about the stock market. You can't mine the nasdaq .

njs811

sr. member

Activity: 406

Merit: 250

This is a relatively new market concept. Bottom line is that no one here can claim that a coin will go one way or another with complete certainty. At best it can be based on a gut feeling. Comparing one coin to another may give us an idea, but it is by no means a guidebook. Personally I can see the benefits of LYB merge mining and its supply making this coin worth $10 a piece. Once merge mining happens it will give this coin the exposure it needs.

Not really that new . Bitcoin did it a while back

Do you have any idea how old the stock market is?

etang600

newbie

Activity: 27

Merit: 0

Quote from: Jookly on March 06, 2015, 09:15:46 AM

This is a relatively new market concept. Bottom line is that no one here can claim that a coin will go one way or another with complete certainty. At best it can be based on a gut feeling. Comparing one coin to another may give us an idea, but it is by no means a guidebook. Personally I can see the benefits of LYB merge mining and its supply making this coin worth $10 a piece. Once merge mining happens it will give this coin the exposure it needs.

Not really that new . Bitcoin did it a while back

njs811

sr. member

Activity: 406

Merit: 250

This is a relatively new market concept. Bottom line is that no one here can claim that a coin will go one way or another with complete certainty. At best it can be based on a gut feeling. Comparing one coin to another may give us an idea, but it is by no means a guidebook. Personally I can see the benefits of LYB merge mining and its supply making this coin worth $10 a piece. Once merge mining happens it will give this coin the exposure it needs.

etang600

newbie

Activity: 27

Merit: 0

Quote from: Hix on March 06, 2015, 09:02:40 AM

Quote from: etang600 on March 05, 2015, 10:29:58 PM

Quote from: Hix on March 06, 2015, 09:02:40 AM

Updated the faucets list.

The official Lyrabar faucet

Ikiscream's faucet

When is merged mining with vert happening ? It'll help both coins

Yea if you can pull that off I could see LYR hitting $10 each.

Merged mining with vert killed LYR Sad

First off, the coin is LYB, if you actually had the coin you would probably know that.

Second, there is no way merge mining killed it because it is not yet merge mineable.

FUD crushed.

Exactly. What kind of logic is that anyways ? Dogecoin was saved by merging with litecoin . Merge mining doesn't kill coins it helps them .

Jookly

legendary

Activity: 1131

Merit: 1007

Quote from: etang600 on March 05, 2015, 10:29:58 PM

Updated the faucets list.

The official Lyrabar faucet

Ikiscream's faucet

When is merged mining with vert happening ? It'll help both coins

Yea if you can pull that off I could see LYR hitting $10 each.

Merged mining with vert killed LYR Sad

First off, the coin is LYB, if you actually had the coin you would probably know that.

Second, there is no way merge mining killed it because it is not yet merge mineable.

FUD crushed.

Hix

legendary

Activity: 1971

Merit: 1036

Quote from: etang600 on March 05, 2015, 10:29:58 PM

Quote from: cnerd on March 06, 2015, 04:12:29 AM

Updated the faucets list.

The official Lyrabar faucet

Ikiscream's faucet

When is merged mining with vert happening ? It'll help both coins

Yea if you can pull that off I could see LYR hitting $10 each.

Merged mining with vert killed LYR Sad

etang600

newbie

Activity: 27

Merit: 0

Yea if you can pull that off I could see LYR hitting $10 each.

Yea... no.
Previous experience shows that merged mining drives the price down... and when you think of it, its completely logical.
With coins like Lyrabar (and Vertcoin tbh) the price is not really driven by supply and demand, its mostly driven by supply only (thats exaggerated of course, but you get the meaning). Each coin is worth exactly as much as the miner that minted it is ready to sell it for. Now if you give this miner 2 coins instead of one, sooner or later the price of both coins will, again, be equal to approximately the same amount.

But then again, price is not the thing you should be primarily interested in, now, is it? Merged mining brings a lot to the table, it gives you wider adoption, more centralization, bigger and better distribution, network security, it gives you free advertisement, a happier community and many many other things... but certainly NOT a price bump.

And if any of you thinks that a temporary decrease in price is not worth all of these benefits... well then, it sucks to be you, I guess.

More people would be mining it , thus more demand and less supply .

cnerd

member

Activity: 98

Merit: 10

Quote from: etang600 on March 05, 2015, 10:29:58 PM

Yea if you can pull that off I could see LYR hitting $10 each.

Yea... no.
Previous experience shows that merged mining drives the price down... and when you think of it, its completely logical.
With coins like Lyrabar (and Vertcoin tbh) the price is not really driven by supply and demand, its mostly driven by supply only (thats exaggerated of course, but you get the meaning). Each coin is worth exactly as much as the miner that minted it is ready to sell it for. Now if you give this miner 2 coins instead of one, sooner or later the price of both coins will, again, be equal to approximately the same amount.

But then again, price is not the thing you should be primarily interested in, now, is it? Merged mining brings a lot to the table, it gives you wider adoption, more centralization, bigger and better distribution, network security, it gives you free advertisement, a happier community and many many other things... but certainly NOT a price bump.

And if any of you thinks that a temporary decrease in price is not worth all of these benefits... well then, it sucks to be you, I guess.

njs811

sr. member

Activity: 406

Merit: 250

Updated the faucets list.

The official Lyrabar faucet

Ikiscream's faucet

When is merged mining with vert happening ? It'll help both coins

Yea if you can pull that off I could see LYR hitting $10 each.

etang600

newbie

Activity: 27

Merit: 0