Topic: [ANN] RazorLove Cryptocurrency Services - DBL, CENT, & FOO/BAR Updates - page 10. (Read 153378 times)

I'll be getting that up on RazorLove's github eventually, shake misplaced the original...

I very much doubt cryptsy will ever relist it the way things stand right now.

However, cryptsy's fork excuse is complete and utter rubbish, the real reason is that it was at the bottom of the XPM market with no real potential for movement due to the high coin supply and massive walls.

Another reason is because the stake difficulty is currently very high which is something cryptsy has contributed to by limiting outgoing withdrawals to 99m meaning that their customers probably have many more transactions in their wallet than they need to. (Lots of people trying to stake constantly keeps the difficulty up).

Because the stake difficulty is high it makes it hard for anyone to run a wallet with more than a couple of hundred transactions of stake age unless the wallet is encrypted and locked. An exchange will have a bigger problem because they likely have many thousands of transactions so the only way they could maintain a functional wallet at the moment would be to purposely destroy coin age by moving coins around the network, resetting the coin age.

I think the only hope for it returning to cryptsy would be for a complete relaunch of the coin with the currently minted coins being divided by some value* and premined in the first few blocks, the coins in the new version could then be claimed by the current owners in the same way that has been done in other coin relaunches such as ADTv2 which cryptsy has just announced they have switched to in their latest tweet.

* Perhaps introduce decimals and divide by 1 million, this would bring the total down to 43 million instead of 43 trillion and shouldn't cause an issue for even smaller holders getting their new coins.

Proof of Work mining is pointless given the current coin supply, a block generates just 1 CENT. Pennies is essentially Proof Of Stake only now.

Your best option is to buy some on the DOGE market on SwissCEX, alternatively you could get some free coins from my faucet. Send the coins to your own wallet for 9 days and wait for it to stake. Just ensure you keep the transaction count as low as possible in your wallet otherwise it'll become unusable when it's time to stake.


Try not to go above 998 million for a single transaction as anything higher is risking it not staking at all.

can cent be mined and if so how as at present new up to date wallet wont mint gethash reports 0 hash 85-89% cpu usage

Original transaction amount * [between 1.0009 and 1.0014 depending on number of days since the original transaction] = returned value

So, what is needed to be done before CENT is back on Cryptsy?

It isn't a matter of bad mouthing, I want to believe that Pennies is going to come back. You think I want it to fail? I don't begrudge anyone who is trying to cash out or already has. In fact, I even said that I wish I had at times. But catman hasn't even uttered a peep, so it is only logical to believe that he might have just given up and got out when the getting was good. I've seen it before with other coins.

I don't think Pennies is dead yet, but it will need some work to get it going again. Simply having a working market on swisscex isn't enough. The buy wall is currently at smallest XPM with >2 trillion CENT orders. There was some good volume on Thursday, but nothing much since. The pennies trillionairs might consider setting up bounties of 50-100 billion CENT to promote the coin and improve the code if they ever hope to see any of their fortune amount to anything more than Monopoly money. Once the code is fortified, an aggressive campaign to get relisted on Cryptsy would be the best bet. Of course, this requires people with good English communications skills and social media saavy. Look at how well it worked for QRK.

Also, with the slew of shitcoins coming out on an almost daily basis, many of which are being picked up by Cryptsy and swisscex, what is the motivation for anyone to invest in Pennies? That should be the crucial question moving forward with this coin, otherwise it is going to be buried in a sea of junk. It is difficult to face reality, but without a solid community and developer working to address this, it is hard to see how the market will be sustained.

= same problem

Was there a fork? I sent some to cryptsy but they never showed up...