why a self moderated topic now? 
Fud was too crazy. And it was obvious that some was form a P&D Group
Topic: ☷ [ANN] ☷ [MODERATED] ☷ CLSTR ☷ ClusterCoin ☷ the Future of Money ☷ - page 31. (Read 33269 times)
August 23, 2014, 10:38:48 PM
Fud was too crazy. And it was obvious that some was form a P&D Group
August 23, 2014, 10:33:44 PM
why a self moderated topic now?
August 23, 2014, 10:01:47 PM
People need to admit they didnt research the coin and thought they could just get a quick pump to make some money.
People bought clusters for 10k and sold em for 6k at the very moment they've got an ability to do so (market opened). These people need to admit they are dumb as a doorknob. Why on earth would you buy something to instantly sell it cheaper? There was just no reason to do it, but I guess one should never underestimate human stupidity
Because people were and are still not sure if this coin is a scam.
But WHY would you buy it in the first place if you are not sure?? It doesn't make any sense! Don't trust a coin - fine, move along. Why the panic buy? Why did the ICO got completely sold out?
I think people thought it was going to rocket and they'd be able to quickly 2x or 3x their investment (like with CLD). When that didn't happen and stayed at/below ICO price, they panic sold at a loss.
well this is a pretty retarded strategy.. throw money at whatever without any resarch and then accuse dev and bittrex for scamming them. Yeah, pretty retarded
Sadly I think this is the new standard. I really hate how people want a refund but do not even know any of the terms bittrex has listed in order for the developers to get the money.
August 23, 2014, 09:57:23 PM
People need to admit they didnt research the coin and thought they could just get a quick pump to make some money.
People bought clusters for 10k and sold em for 6k at the very moment they've got an ability to do so (market opened). These people need to admit they are dumb as a doorknob. Why on earth would you buy something to instantly sell it cheaper? There was just no reason to do it, but I guess one should never underestimate human stupidity
Because people were and are still not sure if this coin is a scam.
But WHY would you buy it in the first place if you are not sure?? It doesn't make any sense! Don't trust a coin - fine, move along. Why the panic buy? Why did the ICO got completely sold out?
I think people thought it was going to rocket and they'd be able to quickly 2x or 3x their investment (like with CLD). When that didn't happen and stayed at/below ICO price, they panic sold at a loss.
well this is a pretty retarded strategy.. throw money at whatever without any resarch and then accuse dev and bittrex for scamming them. Yeah, pretty retarded
August 23, 2014, 09:53:12 PM
People need to admit they didnt research the coin and thought they could just get a quick pump to make some money.
People bought clusters for 10k and sold em for 6k at the very moment they've got an ability to do so (market opened). These people need to admit they are dumb as a doorknob. Why on earth would you buy something to instantly sell it cheaper? There was just no reason to do it, but I guess one should never underestimate human stupidity
Paying 10,000 sats for a coin that doesn't do anything yet could be considered stupid. IMHO they were smart for getting out ASAP, better at 6000 than 4800.
It would be better to not buy in unless you think this coin will be worth more then 10k. Most people will not time it perfectly to hit the bottom and catch the bounce. Therefore they should have held if they think it was worth the ICO.
August 23, 2014, 09:52:55 PM
People need to admit they didnt research the coin and thought they could just get a quick pump to make some money.
People bought clusters for 10k and sold em for 6k at the very moment they've got an ability to do so (market opened). These people need to admit they are dumb as a doorknob. Why on earth would you buy something to instantly sell it cheaper? There was just no reason to do it, but I guess one should never underestimate human stupidity
Because people were and are still not sure if this coin is a scam.
But WHY would you buy it in the first place if you are not sure?? It doesn't make any sense! Don't trust a coin - fine, move along. Why the panic buy? Why did the ICO got completely sold out?
I think people thought it was going to rocket and they'd be able to quickly 2x or 3x their investment (like with CLD). When that didn't happen and stayed at/below ICO price, they panic sold at a loss.
August 23, 2014, 09:51:06 PM
People need to admit they didnt research the coin and thought they could just get a quick pump to make some money.
People bought clusters for 10k and sold em for 6k at the very moment they've got an ability to do so (market opened). These people need to admit they are dumb as a doorknob. Why on earth would you buy something to instantly sell it cheaper? There was just no reason to do it, but I guess one should never underestimate human stupidity
Because people were and are still not sure if this coin is a scam.
But WHY would you buy it in the first place if you are not sure?? It doesn't make any sense! Don't trust a coin - fine, move along. Why the panic buy? Why did the ICO got completely sold out?
This is exactly my point. If you are not sure you dont buy. When you buy into the ICO you better be confident enough that you can ride out a dump. You may end up being wrong but sometimes you lose. This just shows people do not know what they bought. They just thought it sounded cool and hoped it would go up right away.
August 23, 2014, 09:44:00 PM
People need to admit they didnt research the coin and thought they could just get a quick pump to make some money.
People bought clusters for 10k and sold em for 6k at the very moment they've got an ability to do so (market opened). These people need to admit they are dumb as a doorknob. Why on earth would you buy something to instantly sell it cheaper? There was just no reason to do it, but I guess one should never underestimate human stupidity
Because people were and are still not sure if this coin is a scam.
But WHY would you buy it in the first place if you are not sure?? It doesn't make any sense! Don't trust a coin - fine, move along. Why the panic buy? Why did the ICO got completely sold out?
August 23, 2014, 09:39:05 PM
People need to admit they didnt research the coin and thought they could just get a quick pump to make some money.
People bought clusters for 10k and sold em for 6k at the very moment they've got an ability to do so (market opened). These people need to admit they are dumb as a doorknob. Why on earth would you buy something to instantly sell it cheaper? There was just no reason to do it, but I guess one should never underestimate human stupidity
Paying 10,000 sats for a coin that doesn't do anything yet could be considered stupid. IMHO they were smart for getting out ASAP, better at 6000 than 4800.
August 23, 2014, 09:37:37 PM
People need to admit they didnt research the coin and thought they could just get a quick pump to make some money.
People bought clusters for 10k and sold em for 6k at the very moment they've got an ability to do so (market opened). These people need to admit they are dumb as a doorknob. Why on earth would you buy something to instantly sell it cheaper? There was just no reason to do it, but I guess one should never underestimate human stupidity
Because people were and are still not sure if this coin is a scam.
August 23, 2014, 09:35:31 PM
People need to admit they didnt research the coin and thought they could just get a quick pump to make some money.
People bought clusters for 10k and sold em for 6k at the very moment they've got an ability to do so (market opened). These people need to admit they are dumb as a doorknob. Why on earth would you buy something to instantly sell it cheaper? There was just no reason to do it, but I guess one should never underestimate human stupidity
August 23, 2014, 09:16:59 PM
The difference with USE coin is that USE was not hosted by Bittrex so they had no way to enforce the burning of the extra coins. In this case it was hosted on Bittrex, but I have to say the thought crossed my mind that maybe they are shorting the extra 3.5M coins before burning them. Do we have any verification from Bittrex that they destroyed the extra coins?
People need to calm down and respect the timelines laid out; we are only human
and we have an escrow period for the sole purpose of making sure the right things happen and are audited. Please be patient. That said, we have burned the coins - feel free to monitor this address till the end of time... https://chainz.cryptoid.info/clstr/address.dws?CQdhWMLud4PKXHxpR1b3x25Rsf6848afHm.htm
Thanks,
Richie@bittrex
Richie, what are the "success conditions" that Cluster will be subjected to?
In his whitepaper, the OP states that the incorporation of the new clustering algorithm "is undetermined at this point".
Will releasing a plain vanilla wallet with promise of future developments fulfill those "success conditions"?
August 23, 2014, 09:14:25 PM
Here is my 2 cents on this. First for those asking for the developer to let bittrex hold the BTC and release it in stages, have you ever heard of MT Gox? I understand why he does not want to leave them in someone else's hands. Number 2 at this point the ICO was priced right because it sold out. Now the developer should not worry about the price because that is for traders to worry about not the coin developer. He received the BTC value he felt they needed to make this coin work and people agreed because they bought the ICO. Now we need him to do what he was/will be paid for and that is making this coin succeed. If you bought the ICO you should have done your research on the coin and knew it was not going to have these features at launch time. It will take time to develop so you should have had a long term view on this coin and the value of this coin moving forward. In the first few days nothing about this coin has changed meaning there is no need to change the evaluation you should have done before investing. People need to admit they didnt research the coin and thought they could just get a quick pump to make some money.
August 23, 2014, 09:10:10 PM
Essex, I have three questions for you.
(i) What will prevent two or more people from double spending by using the same wallet.dat in two or more different geographic locations?
In your whitepaper, you claimed that the Cluster protocol will automatically split blocks within the network according to geographic regions (undefined) and create multiple valid blockchains.
You further stated that sync blocks will be generated only once certain thresholds are reached. To me, this 'synch gap' creates a perfect environment for network-wide double spending.
(ii) What will prevent entities from creating blockchain forks within their own geographic region?
Since the hashrate from individual geographic regions will be relatively small, a person or organization with a significant enough hashrate could easily create forks to facilitate double spending.
In addition, said entity could fool the protocol to allocate a geographic region for itself by spamming dusts to create the illusion of trade volume. In your whitepaper, you stated:
Quote
[...] we believe that the most important part of the clustering algorithm is to cluster large economic hubs that have a lot of financial activity in order to maintain fast transaction confirmation time.
As you can see, the threat is very valid.
(iii) Did you buy this Bitcointalk account?
If yes, may I know your original Bitcointalk account?
If no, can you explain why your earlier posts consists almost entirely of asking for giveaways (wallet address + 'Thanks!' or 'Awesome'!)?
Your four months absence between post #147 and #148 also raises some questions.
August 23, 2014, 08:48:06 PM
The difference with USE coin is that USE was not hosted by Bittrex so they had no way to enforce the burning of the extra coins. In this case it was hosted on Bittrex, but I have to say the thought crossed my mind that maybe they are shorting the extra 3.5M coins before burning them. Do we have any verification from Bittrex that they destroyed the extra coins?
People need to calm down and respect the timelines laid out; we are only human
and we have an escrow period for the sole purpose of making sure the right things happen and are audited. Please be patient. That said, we have burned the coins - feel free to monitor this address till the end of time... https://chainz.cryptoid.info/clstr/address.dws?CQdhWMLud4PKXHxpR1b3x25Rsf6848afHm.htm
Thanks,
Richie@bittrex
Hi Richie,
If the Dev asked you to only release 100BTC then release the other 250BTC a few weeks after would you accommodate that?
I will not ask Bittrex to do that. BTC that we will receive from Bittrex will be kept on a single address that will be totally transparent and every body will be able to how and when Bitcoins are spent.
I have never given any reason for investors to lose faith in ClusterCoin. The white paper and the road map are unchanged since I first announced first thread. So why would somebody lose faith in what we do?
ClusterCoin development can not be completed without funding. This is why we have to take control of it and not be dependant of the third party
The problem is not faith in clustercoin, but in alts and ICO's. People in this market have been scammed repeatedly enough to hesitate when a dev expects investors to stand out on a limb. Your word simply is'nt good enough in the market you're in. Clustercoin would benefit greatly from a gesture of good faith; that you won't run off with the funding.
Innovation and development will mean nothing if you cant get the community to believe in your coin, and "havent scammed yet" doesnt cut it. Just look at the graveyard of dead "innovative" coins behind you for an example
+1, I definitely believe the faith&trust are the most important things in altcoin world
August 23, 2014, 08:37:23 PM
The difference with USE coin is that USE was not hosted by Bittrex so they had no way to enforce the burning of the extra coins. In this case it was hosted on Bittrex, but I have to say the thought crossed my mind that maybe they are shorting the extra 3.5M coins before burning them. Do we have any verification from Bittrex that they destroyed the extra coins?
People need to calm down and respect the timelines laid out; we are only human
and we have an escrow period for the sole purpose of making sure the right things happen and are audited. Please be patient. That said, we have burned the coins - feel free to monitor this address till the end of time... https://chainz.cryptoid.info/clstr/address.dws?CQdhWMLud4PKXHxpR1b3x25Rsf6848afHm.htm
Thanks,
Richie@bittrex
Hi Richie,
If the Dev asked you to only release 100BTC then release the other 250BTC a few weeks after would you accommodate that?
I will not ask Bittrex to do that. BTC that we will receive from Bittrex will be kept on a single address that will be totally transparent and every body will be able to how and when Bitcoins are spent.
So on this point, would you trust someone to hold this BTC and release it when you need it?
I can't do that since the whole project and our team future depends on this BTC fund. I don't know anybody outside my team who certainly will not run with the money, or get hacked or god knows what other things may happen
Essex343 I think if we have pod done no one will be concerned with bittrex escrow time. Just my opinion
Yes, POD is my first priority right now. I will soon send a detailed message to Crypto Asian with all the info about me and my team
Sounds good, my 2 cents
August 23, 2014, 08:36:27 PM
The difference with USE coin is that USE was not hosted by Bittrex so they had no way to enforce the burning of the extra coins. In this case it was hosted on Bittrex, but I have to say the thought crossed my mind that maybe they are shorting the extra 3.5M coins before burning them. Do we have any verification from Bittrex that they destroyed the extra coins?
People need to calm down and respect the timelines laid out; we are only human
and we have an escrow period for the sole purpose of making sure the right things happen and are audited. Please be patient. That said, we have burned the coins - feel free to monitor this address till the end of time... https://chainz.cryptoid.info/clstr/address.dws?CQdhWMLud4PKXHxpR1b3x25Rsf6848afHm.htm
Thanks,
Richie@bittrex
Hi Richie,
If the Dev asked you to only release 100BTC then release the other 250BTC a few weeks after would you accommodate that?
I will not ask Bittrex to do that. BTC that we will receive from Bittrex will be kept on a single address that will be totally transparent and every body will be able to how and when Bitcoins are spent.
I have never given any reason for investors to lose faith in ClusterCoin. The white paper and the road map are unchanged since I first announced first thread. So why would somebody lose faith in what we do?
ClusterCoin development can not be completed without funding. This is why we have to take control of it and not be dependant of the third party
The problem is not faith in clustercoin, but in alts and ICO's. People in this market have been scammed repeatedly enough to hesitate when a dev expects investors to stand out on a limb. Your word simply is'nt good enough in the market you're in. Clustercoin would benefit greatly from a gesture of good faith; that you won't run off with the funding.
Innovation and development will mean nothing if you cant get the community to believe in your coin, and "havent scammed yet" doesnt cut it. Just look at the graveyard of dead "innovative" coins behind you for an example
August 23, 2014, 08:21:18 PM
The difference with USE coin is that USE was not hosted by Bittrex so they had no way to enforce the burning of the extra coins. In this case it was hosted on Bittrex, but I have to say the thought crossed my mind that maybe they are shorting the extra 3.5M coins before burning them. Do we have any verification from Bittrex that they destroyed the extra coins?
People need to calm down and respect the timelines laid out; we are only human
and we have an escrow period for the sole purpose of making sure the right things happen and are audited. Please be patient. That said, we have burned the coins - feel free to monitor this address till the end of time... https://chainz.cryptoid.info/clstr/address.dws?CQdhWMLud4PKXHxpR1b3x25Rsf6848afHm.htm
Thanks,
Richie@bittrex
Well, I'm satisfied... If people want to keep selling these coins at 4800 satoshi, well... :shakes head: ya can't fix stupid lol
Really want to see this technology built...its creative, there will be technical barriers to get through but I think it could open the door to a lot of interesting applications by solving scalability issues. To me this is at least as technically interesting as Ethereum, but solving a different problem set.
August 23, 2014, 08:21:08 PM
The difference with USE coin is that USE was not hosted by Bittrex so they had no way to enforce the burning of the extra coins. In this case it was hosted on Bittrex, but I have to say the thought crossed my mind that maybe they are shorting the extra 3.5M coins before burning them. Do we have any verification from Bittrex that they destroyed the extra coins?
People need to calm down and respect the timelines laid out; we are only human
and we have an escrow period for the sole purpose of making sure the right things happen and are audited. Please be patient. That said, we have burned the coins - feel free to monitor this address till the end of time... https://chainz.cryptoid.info/clstr/address.dws?CQdhWMLud4PKXHxpR1b3x25Rsf6848afHm.htm
Thanks,
Richie@bittrex
Hi Richie,
If the Dev asked you to only release 100BTC then release the other 250BTC a few weeks after would you accommodate that?
I will not ask Bittrex to do that. BTC that we will receive from Bittrex will be kept on a single address that will be totally transparent and every body will be able to how and when Bitcoins are spent.
So on this point, would you trust someone to hold this BTC and release it when you need it?
I can't do that since the whole project and our team future depends on this BTC fund. I don't know anybody outside my team who certainly will not run with the money, or get hacked or god knows what other things may happen
Essex343 I think if we have pod done no one will be concerned with bittrex escrow time. Just my opinion
Yes, POD is my first priority right now. I will soon send a detailed message to Crypto Asian with all the info about me and my team
August 23, 2014, 08:18:06 PM
releasing btc in stages to the dev does absolutely nothing ... the only thing that can restore this coin is development and delivered promises... dev needs to stay active with updates and a pr team or guy would be very helpful aswell.. also if u want to do something yourself to salvage the price... take down your sell orders theres too much sell pressure. its not up to the dev yo explain how to trade or invest...
with that being said , i do still find what happened at launch extremely sketchy but theres nothing anyone can do to explain that or know for sure if it was a scam until the btc is released to the dev and he runs off..which by then its too late and its game over.. hope thats not the case , either way you chose to invest and I'm pretty sure the dev will deliver on the terms of bittrex ,scam or no scam...so kinda have to leave bittrex out of this equation unfortunately cause tees will be met no matter what ..dev wants his btc to complete his scam or to complete and continue work on cluster...
with that being said , i do still find what happened at launch extremely sketchy but theres nothing anyone can do to explain that or know for sure if it was a scam until the btc is released to the dev and he runs off..which by then its too late and its game over.. hope thats not the case , either way you chose to invest and I'm pretty sure the dev will deliver on the terms of bittrex ,scam or no scam...so kinda have to leave bittrex out of this equation unfortunately cause tees will be met no matter what ..dev wants his btc to complete his scam or to complete and continue work on cluster...
Jump to: