[ANN] QIBUCK COIN - X13 - POS/POBH - 1st Proof of Baghold - page 95.

qiwoman2

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Quote from: TheGer on October 30, 2014, 04:34:16 AM

I think this has more to do with the huge amount of BTC being checked out of the Alt market in general for the Blocknet ITO. Also, it doesn't take much to change the price of QBK as it stands so even a minor selloff looks like the end of world when it is not. Most coins are happily staking.

Quote from: candlesticks on October 29, 2014, 10:25:29 PM

Looks like the market responded to the new and sudden changes. In the future, it seems these decisions should be at least be voted by the founders, if not all bagholders, unless this drop in price was the intended result.

I agree, I have some coins currently gone down a lot more than ours..To be quite frank at present with what I know we are going to accomplish one year from now..I am not worried about the price..I am looking at this as a good opportunity for us to all grow some bags.

TheGer

hero member

Activity: 602

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I think this has more to do with the huge amount of BTC being checked out of the Alt market in general for the Blocknet ITO. Also, it doesn't take much to change the price of QBK as it stands so even a minor selloff looks like the end of world when it is not. Most coins are happily staking.

Quote from: candlesticks on October 29, 2014, 10:25:29 PM

Looks like the market responded to the new and sudden changes. In the future, it seems these decisions should be at least be voted by the founders, if not all bagholders, unless this drop in price was the intended result.

qiwoman2

legendary

Activity: 2114

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Oikos.cash | Decentralized Finance on Tron

PLEASE CHECK AMENDED POST FOR CHANGES..We had to compromise on a few things to ease the bagholder's burdens.

http://bitbillions.net/2014/10/25/altcoin-news-qibuck-coin-announces-new-bagholder-terms/

qiwoman2

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Quote from: istvandv on October 30, 2014, 02:17:47 AM

when are the cut-off dates?

will these changes take effect on Nov1? so next bi-monthly payout will be Jan 1?

or these changes take effect after oct-nov cycle? so one more payout for original ICO of 100 bagholders on nov 12-15 then new changes take effect Nov 16?

We will do next cycle as from previous cut off date..We are laxing that too as we don't want anyone to be delayed any payouts even if they don't register, as long as they have 500 or more coins they will be paid..ALSO we are going to do RANDOM BONUSES giveaways to wallets throughout the bi monthly period..

I will have a new update for all this written up in stone this afternoon and sent out in email so then there will be no more changes or confusion. To those that stay with us we sincerely thank you for your patience and steadfastness. We have a lot of good things coming but I don't want to hype, when those good things arrive, Everyone here will know first. Again thank you for your patience.

Asset sheet is being partially updated as we speak but it will take around 24/48 hours to get it completely updated as some members live in different time zones who hold some of the assets thanks.

istvandv

sr. member

Activity: 342

Merit: 250

when are the cut-off dates?

will these changes take effect on Nov1? so next bi-monthly payout will be Jan 1?

or these changes take effect after oct-nov cycle? so one more payout for original ICO of 100 bagholders on nov 12-15 then new changes take effect Nov 16?

when do you need start lock-up of 500 QBK?

qiwoman2

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BI MONTHLY PAYMENTS AND 500 QBK ENTRY POINT FOR BAGHOLDInG ARE THE TWO LAST CHANGES we will make to reach a compromise but we will not change any more..We will fix this in the OP and blog to some time today reflect that..EMAIL going out also to ALL registered bagholders.

ABC Dev Team

full member

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Thanks for exploring Abundance. (ABC)

We are here and not going anywhere.. Our goal is to improve the price of the coin and increase coin holder value.

We are working towards this goal..

Bittzy78

qiwoman2

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Quote from: poornamelessme on October 29, 2014, 08:00:05 PM

Quote from: qiwoman2 on October 29, 2014, 02:07:33 AM

We changed it to by monthly as a compromise.

Bi-monthly is better than every three months, although I still think leaving things alone and simply going with a bonus if you keep your coins in your wallet would have worked better. Then decrease regular payouts slightly to fund the long term holder people.

But what done is done.

I also disagree with changing the requirement to 1K coins for any payout, as it beats me as to what benefit that serves really. It doesn't necessarily mean folks will buy up coins to reach that 1K limit. Instead, it could mean those with less than 1K would be more willing to dump.

Based on current prices, I do suggest the dev team consider starting their stability fund thing again, to get prices stable and at least to semi-respectable levels once again. Folks typically don't like change... and especially don't like change + sinking prices.

We can't please everyone, but again a compromise has been reached for 500 QBK entry point but we will NOT now change ANY more of the rules..it will as it will be..Those again who see our long term vision will stay, those that want quick profits and out in order to get into the next coin, will day trade to take profits, at whatever price the coin will be at. We will NOT spend funds that need to be properly invested to just pump the coin so people with an exit strategy just want to dump. We will let the price regulate itself as supply and demand permits. We will however put in buy support as and when needed.

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

Quote from: candlesticks on October 29, 2014, 10:25:29 PM

Looks like the market responded to the new and sudden changes. In the future, it seems these decisions should be at least be voted by the founders, if not all bagholders, unless this drop in price was the intended result.

We are getting a forum made this week hopefully to facilitate all this. We don't want to use Bitcointalk anymore for a voting process, to give our Bagholders/founders a bit more privacy. Here will be mainly for latest news etc.

qiwoman2

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Oikos.cash | Decentralized Finance on Tron

Quote from: ABC Dev Team on October 30, 2014, 01:01:30 AM

http://cryptoasian.com/abc2-abundance/

Bittzy78

Bitttzy78 is a member of the QBK Team as well, congratulations Bittzy78 for ABC coin.

ABC Dev Team

full member

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Thanks for exploring Abundance. (ABC)

http://cryptoasian.com/abc2-abundance/

Bittzy78

candlesticks

sr. member

Activity: 345

Merit: 250

Looks like the market responded to the new and sudden changes. In the future, it seems these decisions should be at least be voted by the founders, if not all bagholders, unless this drop in price was the intended result.

poornamelessme

hero member

Activity: 1204

Merit: 509

Quote from: qiwoman2 on October 29, 2014, 02:07:33 AM

We changed it to by monthly as a compromise.

Bi-monthly is better than every three months, although I still think leaving things alone and simply going with a bonus if you keep your coins in your wallet would have worked better. Then decrease regular payouts slightly to fund the long term holder people.

But what done is done.

I also disagree with changing the requirement to 1K coins for any payout, as it beats me as to what benefit that serves really. It doesn't necessarily mean folks will buy up coins to reach that 1K limit. Instead, it could mean those with less than 1K would be more willing to dump.

Based on current prices, I do suggest the dev team consider starting their stability fund thing again, to get prices stable and at least to semi-respectable levels once again. Folks typically don't like change... and especially don't like change + sinking prices.

blitz78

newbie

Activity: 50

Merit: 0

must say I'm not happy with these changes but I will continue too baghold

ChrisLandin

hero member

Activity: 824

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Osmservices keeps being hacked away from me :-( th

Quote from: silverkinguk on October 29, 2014, 03:01:55 PM

We spent,Yanji and I time with new partner coin coming onboard.
A sheet is a sheet but we at Qibuck know what's coming.
Asset sheet will be updated along with new site and forum.
We have serious investors coming onboard.

Hold tight people.

QBK team is very talented.

This coin is a keeper, its value will only appreciate over time

Mark my words

silverkinguk

sr. member

Activity: 404

Merit: 250

We spent,Yanji and I time with new partner coin coming onboard.
A sheet is a sheet but we at Qibuck know what's coming.
Asset sheet will be updated along with new site and forum.
We have serious investors coming onboard.

qiwoman2

legendary

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Merit: 1023

Oikos.cash | Decentralized Finance on Tron

Quote from: kingpin69 on October 29, 2014, 09:14:12 AM

still no sign of any kind of updated transparent asset sheet as requested, change to bi-monthly payouts.. I'm out.

Sorry about this but LordzS Has a full time Job and he will get around to it my apologies. I can't do it myself because I don't have most of the wallets or assets in my possession currently. Most of our Team members have other full time work or commitments so everything has to be done according to their schedule.

kingpin69

member

Activity: 100

Merit: 10

still no sign of any kind of updated transparent asset sheet as requested, change to bi-monthly payouts.. I'm out.

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

Quote from: poornamelessme on October 28, 2014, 02:39:48 PM

Just checked the forum today and see the new bagholder terms.

I disagree with the 3 month thing, and based on comments by a couple of others, I assume I'm not alone. I realize it may be easier for the dev team and also allow them to grow their investments faster. But it assumes that investors are rational and patient. Rationality and patience are not two words I'd normally associate with crypto investors.

3 months in crypto-time is like 3 years in real time. It's just too long ... people will become antsy and probably trade coins regardless of the 3 month timeframe if they see any major price movement going on.

If it was me, I'd go back to the one month payouts. You can provide a bonus to those who hold their coins in for 3 months at a time, which would probably achieve the same goal anyway.

We changed it to by monthly as a compromise.

poornamelessme

hero member

Activity: 1204

Merit: 509

Just checked the forum today and see the new bagholder terms.

I disagree with the 3 month thing, and based on comments by a couple of others, I assume I'm not alone. I realize it may be easier for the dev team and also allow them to grow their investments faster. But it assumes that investors are rational and patient. Rationality and patience are not two words I'd normally associate with crypto investors.

3 months in crypto-time is like 3 years in real time. It's just too long ... people will become antsy and probably trade coins regardless of the 3 month timeframe if they see any major price movement going on.

If it was me, I'd go back to the one month payouts. You can provide a bonus to those who hold their coins in for 3 months at a time, which would probably achieve the same goal anyway.

Topic: [ANN] QIBUCK COIN - X13 - POS/POBH - 1st Proof of Baghold - page 95. (Read 379378 times)