[ANN] QIBUCK COIN - X13 - POS/POBH - 1st Proof of Baghold and asset backed. - page 51.

poornamelessme

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Activity: 1204

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Quote from: pseudonymdude on August 13, 2014, 07:24:03 PM

Just an FYI, they don't understand.

If you can contact Busoni, feel free to copy and paste those four or five lines I wrote. I think you might be right that the only hope is to convince Busoni who convinces the devs and others.

We understand, okay? I already explained previously to you how I understood the math, expect everyone else does too.

I just disagree that a somewhat higher dividend equates to a higher value of the coin on an exchange, AFTER a ton of people dump their coins into a buy wall.

I also expect the devs to have control of their own coin, so no idea why you think contacting Busoni will matter.

candlesticks

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Activity: 345

Merit: 250

Quote from: pseudonymdude on August 13, 2014, 07:24:03 PM

Quote from: Conurtrol on August 13, 2014, 07:19:24 PM

Quote from: candlesticks on August 13, 2014, 07:17:16 PM

Quote from: pseudonymdude on August 13, 2014, 07:06:07 PM

Quote from: Conurtrol on August 13, 2014, 06:58:12 PM

Quote from: pseudonymdude on August 13, 2014, 06:56:15 PM

Quote from: Conurtrol on August 13, 2014, 06:51:03 PM

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

Yes. Exactly.

It's really just a question of getting everyone to look closely at the math. At that point it will become a no-brainer.

The key to the idea is the current very low price.

That's what I thought too, but they kept completely ignoring/misunderstanding the math and bringing up XBC, which had absolutely nothing to do with this idea.

I think having a second voice will help though.

XBC burned 47,000 coins, and yes the price rose, then it crashed hard. Burning coins will just initiate a quick pump, IMHO. I think it will only benefit people ready to dump, and not so much the long-term foundation of the coin. There are only 500,000, we need buyers, not less coins. I think after the team brings out the next few announcements, people will feel more secure.

Is XBC a coin with ICO funds to invest and a coin that pays dividends? This is a different situation entirely.

Just an FYI, they don't understand.

If you can contact Busoni, feel free to copy and paste those four or five lines I wrote. I think you might be right that the only hope is to convince Busoni who convinces the devs and others.

LOL

pseudonymdude

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Activity: 896

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Quote from: Conurtrol on August 13, 2014, 07:19:24 PM

Quote from: candlesticks on August 13, 2014, 07:17:16 PM

Quote from: pseudonymdude on August 13, 2014, 07:06:07 PM

Quote from: Conurtrol on August 13, 2014, 06:58:12 PM

Quote from: pseudonymdude on August 13, 2014, 06:56:15 PM

Quote from: Conurtrol on August 13, 2014, 06:51:03 PM

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

Yes. Exactly.

It's really just a question of getting everyone to look closely at the math. At that point it will become a no-brainer.

The key to the idea is the current very low price.

That's what I thought too, but they kept completely ignoring/misunderstanding the math and bringing up XBC, which had absolutely nothing to do with this idea.

I think having a second voice will help though.

XBC burned 47,000 coins, and yes the price rose, then it crashed hard. Burning coins will just initiate a quick pump, IMHO. I think it will only benefit people ready to dump, and not so much the long-term foundation of the coin. There are only 500,000, we need buyers, not less coins. I think after the team brings out the next few announcements, people will feel more secure.

Is XBC a coin with ICO funds to invest and a coin that pays dividends? This is a different situation entirely.

Just an FYI, they don't understand.

If you can contact Busoni, feel free to copy and paste those four or five lines I wrote. I think you might be right that the only hope is to convince Busoni who convinces the devs and others.

Conurtrol

sr. member

Activity: 478

Merit: 250

Quote from: poornamelessme on August 13, 2014, 07:17:29 PM

Quote from: Conurtrol on August 13, 2014, 06:51:03 PM

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

As I stated earlier, I think it'd be a mistake.

Dividends would increase, at the cost of 25 btc less for the asset pool. That means less new coin features.

And you can't just assume a somewhat higher dividend will automatically equate to a higher coin valuation on the exchanges. It very well may end up as a situation where the price of the coin goes down after everyone dumps into the wall. With the end result being the team just paying 25 btc for very little reason.

The math speaks for itself. Who would you trust to convey that message to you?

candlesticks

sr. member

Activity: 345

Merit: 250

Quote from: poornamelessme on August 13, 2014, 07:17:29 PM

Quote from: Conurtrol on August 13, 2014, 06:51:03 PM

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

As I stated earlier, I think it'd be a mistake.

Dividends would increase, at the cost of 25 btc less for the asset pool. That means less new coin features.

And you can't just assume a somewhat higher dividend will automatically equate to a higher coin valuation on the exchanges. It very well may end up as a situation where the price of the coin goes down after everyone dumps into the wall. With the end result being the team just paying 25 btc for very little reason.

Also, remember that coins at exchanges don't take dividends, so they won't be taking shares from bagholders.

Conurtrol

sr. member

Activity: 478

Merit: 250

Quote from: candlesticks on August 13, 2014, 07:17:16 PM

Quote from: pseudonymdude on August 13, 2014, 07:06:07 PM

Quote from: Conurtrol on August 13, 2014, 06:58:12 PM

Quote from: pseudonymdude on August 13, 2014, 06:56:15 PM

Quote from: Conurtrol on August 13, 2014, 06:51:03 PM

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

Yes. Exactly.

It's really just a question of getting everyone to look closely at the math. At that point it will become a no-brainer.

The key to the idea is the current very low price.

That's what I thought too, but they kept completely ignoring/misunderstanding the math and bringing up XBC, which had absolutely nothing to do with this idea.

I think having a second voice will help though.

XBC burned 47,000 coins, and yes the price rose, then it crashed hard. Burning coins will just initiate a quick pump, IMHO. I think it will only benefit people ready to dump, and not so much the long-term foundation of the coin. There are only 500,000, we need buyers, not less coins. I think after the team brings out the next few announcements, people will feel more secure.

Is XBC a coin with ICO funds to invest and a coin that pays dividends? This is a different situation entirely.

poornamelessme

hero member

Activity: 1204

Merit: 509

Quote from: Conurtrol on August 13, 2014, 06:51:03 PM

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

As I stated earlier, I think it'd be a mistake.

Dividends would increase, at the cost of 25 btc less for the asset pool. That means less new coin features.

And you can't just assume a somewhat higher dividend will automatically equate to a higher coin valuation on the exchanges. It very well may end up as a situation where the price of the coin goes down after everyone dumps into the wall. With the end result being the team just paying 25 btc for very little reason.

candlesticks

sr. member

Activity: 345

Merit: 250

Quote from: pseudonymdude on August 13, 2014, 07:06:07 PM

Quote from: Conurtrol on August 13, 2014, 06:58:12 PM

Quote from: pseudonymdude on August 13, 2014, 06:56:15 PM

Quote from: Conurtrol on August 13, 2014, 06:51:03 PM

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

Yes. Exactly.

It's really just a question of getting everyone to look closely at the math. At that point it will become a no-brainer.

The key to the idea is the current very low price.

That's what I thought too, but they kept completely ignoring/misunderstanding the math and bringing up XBC, which had absolutely nothing to do with this idea.

I think having a second voice will help though.

XBC burned 47,000 coins, and yes the price rose, then it crashed hard. Burning coins will just initiate a quick pump, IMHO. I think it will only benefit people ready to dump, and not so much the long-term foundation of the coin. There are only 500,000, we need buyers, not less coins. I think after the team brings out the next few announcements, people will feel more secure.

TooDumbForBitcoin

legendary

Activity: 1638

Merit: 1001

Quote from: candlesticks on August 13, 2014, 07:09:17 PM

Anyone remember when LCLimecoin dev put the 25BTC buy wall up on on Poloniex after the LCL IPO? That was epic.

LCL no longer listed on polo. Conclusion?

candlesticks

sr. member

Activity: 345

Merit: 250

Anyone remember when LCLimecoin dev put the 25BTC buy wall up on on Poloniex after the LCL IPO? That was epic.

Conurtrol

sr. member

Activity: 478

Merit: 250

Quote from: pseudonymdude on August 13, 2014, 07:06:07 PM

Quote from: Conurtrol on August 13, 2014, 06:58:12 PM

Quote from: pseudonymdude on August 13, 2014, 06:56:15 PM

Quote from: Conurtrol on August 13, 2014, 06:51:03 PM

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

Yes. Exactly.

It's really just a question of getting everyone to look closely at the math. At that point it will become a no-brainer.

The key to the idea is the current very low price.

That's what I thought too, but they kept completely ignoring/misunderstanding the math and bringing up XBC, which had absolutely nothing to do with this idea.

I think having a second voice will help though.

I'm sure Busoni at poloniex will understand and he is trusted by the devs and community in general.

pseudonymdude

legendary

Activity: 896

Merit: 1000

Quote from: Conurtrol on August 13, 2014, 06:58:12 PM

Quote from: pseudonymdude on August 13, 2014, 06:56:15 PM

Quote from: Conurtrol on August 13, 2014, 06:51:03 PM

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

Yes. Exactly.

It's really just a question of getting everyone to look closely at the math. At that point it will become a no-brainer.

The key to the idea is the current very low price.

That's what I thought too, but they kept completely ignoring/misunderstanding the math and bringing up XBC, which had absolutely nothing to do with this idea.

I think having a second voice will help though.

Conurtrol

sr. member

Activity: 478

Merit: 250

Quote from: pseudonymdude on August 13, 2014, 06:56:15 PM

Quote from: Conurtrol on August 13, 2014, 06:51:03 PM

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

Yes. Exactly.

It's really just a question of getting everyone to look closely at the math. At that point it will become a no-brainer.

The key to the idea is the current very low price.

pseudonymdude

legendary

Activity: 896

Merit: 1000

Quote from: Conurtrol on August 13, 2014, 06:51:03 PM

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

Yes. Exactly.

Conurtrol

sr. member

Activity: 478

Merit: 250

This would have 3 main benefits that I can think of.
1. Increase our dividends
2. Get rid of weak hands
3. Improve morale of bagholders

Conurtrol

sr. member

Activity: 478

Merit: 250

Quote from: pseudonymdude on August 13, 2014, 06:38:15 PM

Quote from: Conurtrol on August 13, 2014, 06:35:46 PM

I wasn't taking the current very low price into consideration. We're in a unique position. thanks for enlightening me. How do we get the devs to do this? Have you asked them yet?

Yes. I don't think they understand it yet. If we can get the community on our side, they would probably follow, but I tried for pages and you were the only one who understood.

Well it's a really good idea. I'll try to help.

pseudonymdude

legendary

Activity: 896

Merit: 1000

Quote from: Conurtrol on August 13, 2014, 06:35:46 PM

I wasn't taking the current very low price into consideration. We're in a unique position. thanks for enlightening me. How do we get the devs to do this? Have you asked them yet?

Yes. I don't think they understand it yet. If we can get the community on our side, they would probably follow, but I tried for pages and you were the only one who understood.

Conurtrol

sr. member

Activity: 478

Merit: 250

I wasn't taking the current very low price into consideration. We're in a unique position. thanks for enlightening me. How do we get the devs to do this? Have you asked them yet?

pseudonymdude

legendary

Activity: 896

Merit: 1000

Quote from: Conurtrol on August 13, 2014, 06:30:03 PM

Quote from: pseudonymdude on August 13, 2014, 06:26:38 PM

Quote from: Conurtrol on August 13, 2014, 06:22:05 PM

Quote from: pseudonymdude on August 13, 2014, 06:17:24 PM

Quote from: Conurtrol on August 13, 2014, 06:07:46 PM

Quote from: poornamelessme on August 13, 2014, 06:04:26 PM

Quote from: Conurtrol on August 13, 2014, 05:58:30 PM

Yeah, agreed on Dark, it looks like XCurrency will be the one. I don't want to waste a penny on coin features. I see this coin as more of an investment fund that happens to be a coin. I'd like to see the whole 100BTC from the ICO put to work making money for us. That will pay us bigger dividends and then the price will naturally rise.

I haven't followed all the Xcurrency stuff, so don't know their status or if they are truly anonymous.

We'll have to agree to disagree on new coin features. Problem is, crypto people won't have patience for that. They already don't have patience and it's only been a couple of days. Folks should have just bought some mining contracts on cryptsy or a mutual fund, instead of crypto then.

Bigger dividends only matter when a coin's price is stable. It's sort of like POS. It's great to say, hey, I'm getting 10-15% back yearly on my investment. But only if the coin's price doesn't go down like 33% in the meanwhile (or at current prices much more than that). People simply won't be patient enough.

Hence why I think some new coin features will be needed.

POS interest dilutes the value of a coin through inflation(creation of new coins). This is different. We will be getting actual dividends paid in Bitcoin. The higher the dividends, the higher the price of the coin will become.

What do you think about using a little bit of the ICO funds to put up a buy wall at .0001 and burning all coins purchased?

I really think it's pointless right now. If the first month's dividends are good then the price will rise dramatically. We should invest every single Bitcoin to maximize potential returns.

Last time I'll post this as people don't seem to get it, but here it is again:

Any coins they burned would not receive a dividend. Any non-burned coins would have their dividend increased by the previous dividends of the burned coins.

For instance, if the dividend was 100 BTC a year (100% profit), each coin would receive (100/500,000 =) 0.0002 BTC a year.

If 25 BTC went into burning half the coins and the dividend was only 75 BTC (100% profit), each coin would receive (75/250,000 =) 0.0003 BTC a year.

If 49.999 BTC went into burning all but one of the coins and the dividend was only 50 BTC (100% profit), each coin would receive (50/1 =) 50 BTC a year.

I see what you mean. The cheap price makes it a very attractive idea to buy them and burn them. Very interesting.

At this price we could most likely get a better return buying and burning than investing. i agree.

Thank you for understanding the math.

Conurtrol

sr. member

Activity: 478

Merit: 250

Quote from: pseudonymdude on August 13, 2014, 06:26:38 PM

Quote from: Conurtrol on August 13, 2014, 06:22:05 PM

Quote from: pseudonymdude on August 13, 2014, 06:17:24 PM

Quote from: Conurtrol on August 13, 2014, 06:07:46 PM

Quote from: poornamelessme on August 13, 2014, 06:04:26 PM

Quote from: Conurtrol on August 13, 2014, 05:58:30 PM

Yeah, agreed on Dark, it looks like XCurrency will be the one. I don't want to waste a penny on coin features. I see this coin as more of an investment fund that happens to be a coin. I'd like to see the whole 100BTC from the ICO put to work making money for us. That will pay us bigger dividends and then the price will naturally rise.

I haven't followed all the Xcurrency stuff, so don't know their status or if they are truly anonymous.

We'll have to agree to disagree on new coin features. Problem is, crypto people won't have patience for that. They already don't have patience and it's only been a couple of days. Folks should have just bought some mining contracts on cryptsy or a mutual fund, instead of crypto then.

Bigger dividends only matter when a coin's price is stable. It's sort of like POS. It's great to say, hey, I'm getting 10-15% back yearly on my investment. But only if the coin's price doesn't go down like 33% in the meanwhile (or at current prices much more than that). People simply won't be patient enough.

Hence why I think some new coin features will be needed.

POS interest dilutes the value of a coin through inflation(creation of new coins). This is different. We will be getting actual dividends paid in Bitcoin. The higher the dividends, the higher the price of the coin will become.

What do you think about using a little bit of the ICO funds to put up a buy wall at .0001 and burning all coins purchased?

I really think it's pointless right now. If the first month's dividends are good then the price will rise dramatically. We should invest every single Bitcoin to maximize potential returns.

Last time I'll post this as people don't seem to get it, but here it is again:

Any coins they burned would not receive a dividend. Any non-burned coins would have their dividend increased by the previous dividends of the burned coins.

For instance, if the dividend was 100 BTC a year (100% profit), each coin would receive (100/500,000 =) 0.0002 BTC a year.

If 25 BTC went into burning half the coins and the dividend was only 75 BTC (100% profit), each coin would receive (75/250,000 =) 0.0003 BTC a year.

If 49.999 BTC went into burning all but one of the coins and the dividend was only 50 BTC (100% profit), each coin would receive (50/1 =) 50 BTC a year.

I see what you mean. The cheap price makes it a very attractive idea to buy them and burn them. Very interesting.

At this price we could most likely get a better return buying and burning than investing. i agree.

Topic: [ANN] QIBUCK COIN - X13 - POS/POBH - 1st Proof of Baghold and asset backed. - page 51. (Read 152955 times)