[ANN] RazorLove Cryptocurrency Services - DBL, CENT, & FOO/BAR Updates - page 88.

VinCeCream

member

Activity: 89

Merit: 10

C'mon people can't you spend 30minutes to read the whole thread and STOP ASKING THE SAME f****** question all over again ?

If you're interested or invested in this you should...

Stop crying if what you're holding now is worth peanuts; do you know what *risk taking* means ?

I'll help you : It means exactly that there's a chance that you loose EVERYTHING OKAY ? What is that Huh

People buying billions of "pennies" of an uncertain asset and Cry

if stuffs go wrong ? C'mon c'mon ...

You little sheeps got to learn RISK MANAGEMENT if you want "some" success in trading. period.

Damn!

EDIT : Sorry if I hurt somebody but ... ... ...

barwizi

legendary

Activity: 882

Merit: 1000

Quote from: The_Catman on December 29, 2013, 10:31:24 AM

Quote from: barwizi on December 29, 2013, 03:20:16 AM

My point is, there are too many in existence. The whole idea of indivisibility was novel, but it only exacerbates the problem, divisibility should be retuned at the same time that stake is removed to ensure this coin lives and people's investment of time , funds and costs does not go down the drain.
Trying to stick to the idea of having trillions that are continuing to stake is absurd, even with the stake reduction if i have a trillion, i will stake 10 Billion, as a result the mony supply will still grow very fast.

but if we divide by ten billion then a trillion becomes a hundred coins, which grow by 1 coin a week, which is far more manageable growth. in a month even with the stake fix, we may very well reach the point where the client is unable to display the balance.

So it would deal with inflation, absurd numbers, and stay well within transaction limits for A LONG TIME.

Just food for thought.

Your grasp of simple mathematics is terrible, if everything is divided by a it wouldn't make a damn difference in any value. sure, each coin would be worth times more, but it's the same relative value as they have now. The only real effect this would have is eliminating many peoples pennies. The only issue is MAX_TX, which as I've stated before, is easily remedied.

your grasp of the English language is terrible. it would make a damn difference if the total supply is divided because it would return the numbers to sane levels. also you keep overlooking the overall effect of PoS.....60 trillion it would still stake 60 Billion or more weekly with your reduction in stake.

Grasp this......THERE ARE TOO MANY PENNIES IN EXISTENCE, WE WOULD LIKE TO START REMEDYING THAT. I know you are not the original dev, but as a stand in, please do not take such an attitude to people's investment. I am nearly done cashing out, and i'll continue dumping unless a viable fix to the money supply is put in place.. saying you've reduced the stake by so much percentage is meaningless unless you plug in values and calculate based on that.

MrJunkMoney

newbie

Activity: 12

Merit: 0

I don't understand a lot of things (also after read FAQ):
1- the stake starts 1 january and ends 8 january or starts 8 january?
2- i have 5 billion CENT, i must do 100 address and put 50 millions CENT in each one?
3- i'm not a mining, for stake i must open wallet for 7 days with internet connection right? (also if pc goes in standby)

sry for idiot questions, but i dont' understand

VERUMinNUMERIS

sr. member

Activity: 409

Merit: 252

Quote from: The_Catman on December 28, 2013, 03:57:13 AM

Quote from: VERUMinNUMERIS on December 28, 2013, 03:29:36 AM

If I downloaded the 10.0 wallet I can now transfer say 2 billion cent from Cryptsy all at once and it should earn interest with no issues by the 8th? Is this right? No worries about doing 100 fifty million separate transfers?

v0.10.0 fixes the stake bug (starting jan 8 ), but it doesn't address the max transaction size of 1billion. Anything you transfer will need to be less than that.

I'll probably do something about that later, for 0.10.1 or something. Should theoretically be as simple as modifying transaction validation from MAX_MONEY to INT_MAX.

Ok. So if I sent my 2 billion in 2 one billion blocks will they stake (the large pre jan 8th stake) since this is the 10.0 wallet or do I have to send them in 100 million (or is it 50 million, cause I've heard both) blocks and all to different wallet numbers?

I'm still so confused about this - I can't get a straight answer and I've been asking for 2 days.

Somebody please give me a straight answer as others have said 10.0 can handle more than 50-100 million blocks and still stake the old stake until jan 8th. Thanks.

rdcpsi

newbie

Activity: 34

Merit: 0

Quote from: The_Catman on December 29, 2013, 10:31:24 AM

Your grasp of simple mathematics is terrible, if everything is divided by a it wouldn't make a damn difference in any value. sure, each coin would be worth times more, but it's the same relative value as they have now. The only real effect this would have is eliminating many peoples pennies. The only issue is MAX_TX, which as I've stated before, is easily remedied.

But if the value of 1 CENT is less than 1e-8 XPM then it can longer be traded (unless Cryptsy changes the way the CENT/XPM market works) making the coin completely worthless, whilst reducing the total number of CENT would at least allow the coin to continue being traded without changing its overall value.

arielkris

newbie

Activity: 10

Merit: 0

Quote from: The_Catman on December 29, 2013, 10:31:24 AM

Quote from: barwizi on December 29, 2013, 03:20:16 AM

My point is, there are too many in existence. The whole idea of indivisibility was novel, but it only exacerbates the problem, divisibility should be retuned at the same time that stake is removed to ensure this coin lives and people's investment of time , funds and costs does not go down the drain.
Trying to stick to the idea of having trillions that are continuing to stake is absurd, even with the stake reduction if i have a trillion, i will stake 10 Billion, as a result the mony supply will still grow very fast.

but if we divide by ten billion then a trillion becomes a hundred coins, which grow by 1 coin a week, which is far more manageable growth. in a month even with the stake fix, we may very well reach the point where the client is unable to display the balance.

So it would deal with inflation, absurd numbers, and stay well within transaction limits for A LONG TIME.

Just food for thought.

Your grasp of simple mathematics is terrible, if everything is divided by a it wouldn't make a damn difference in any value. sure, each coin would be worth times more, but it's the same relative value as they have now. The only real effect this would have is eliminating many peoples pennies. The only issue is MAX_TX, which as I've stated before, is easily remedied.

But it's the only thing u can do to make this coin live again!
the current value of this coin in 0.00000001 XPM and no buy orders!!!
In matter of few weeks CENT/XPM will be closed too, and thats it for this coin and all of our money. (I've lost 200LTC).

The_Catman

full member

Activity: 168

Merit: 100

Captain Jack Fenderson

Quote from: barwizi on December 29, 2013, 03:20:16 AM

My point is, there are too many in existence. The whole idea of indivisibility was novel, but it only exacerbates the problem, divisibility should be retuned at the same time that stake is removed to ensure this coin lives and people's investment of time , funds and costs does not go down the drain.
Trying to stick to the idea of having trillions that are continuing to stake is absurd, even with the stake reduction if i have a trillion, i will stake 10 Billion, as a result the mony supply will still grow very fast.

but if we divide by ten billion then a trillion becomes a hundred coins, which grow by 1 coin a week, which is far more manageable growth. in a month even with the stake fix, we may very well reach the point where the client is unable to display the balance.

So it would deal with inflation, absurd numbers, and stay well within transaction limits for A LONG TIME.

Just food for thought.

Your grasp of simple mathematics is terrible, if everything is divided by a it wouldn't make a damn difference in any value. sure, each coin would be worth times more, but it's the same relative value as they have now. The only real effect this would have is eliminating many peoples pennies. The only issue is MAX_TX, which as I've stated before, is easily remedied.

Petr1fied

hero member

Activity: 630

Merit: 502

Quote from: barwizi on December 29, 2013, 03:20:16 AM

My point is, there are too many in existence. The whole idea of indivisibility was novel, but it only exacerbates the problem, divisibility should be retuned at the same time that stake is removed to ensure this coin lives and people's investment of time , funds and costs does not go down the drain.
Trying to stick to the idea of having trillions that are continuing to stake is absurd, even with the stake reduction if i have a trillion, i will stake 10 Billion, as a result the mony supply will still grow very fast.

but if we divide by ten billion then a trillion becomes a hundred coins, which grow by 1 coin a week, which is far more manageable growth. in a month even with the stake fix, we may very well reach the point where the client is unable to display the balance.

So it would deal with inflation, absurd numbers, and stay well within transaction limits for A LONG TIME.

Just food for thought.

Actually under the new rules you'd stake approximately 900m off 1 trillion and have you actually tried staking recently? So many people have jumped on the stake bandwagon recently the stake difficulty is now ridiculously high. People will be lucky if they can even stake all their transactions before the January 8th deadline.

Anyway as to your suggestion, you can't just divide by 1 billion and screw over all the people that have less than that by wiping out their coins. The damage has already been done, live with it.

Just petition cryptsy to open an IFC market or something. Problem solved.

jt7382

full member

Activity: 203

Merit: 100

Quote from: Petr1fied on December 28, 2013, 11:11:53 PM

Quote

I can't get past the first step, I get the error. The private key for this address is not known (code -4). That sounds bad to me, any more help please?

If your wallet is encrypted you need to unlock it first by typing:

Code:

walletpassphrase YourPassword TimeInSecs

(Replacing YourPassword with your password and TimeInSecs with the number of seconds you want to unlock the wallet for)

Thank you for your advice. I ended up using a bitcoin wallet recovery python script which created a new wallet that worked just fine. FYI - I seem to have corrupted mine by trying to send over 99,999,999 CENT at once, oops.

Beoga

legendary

Activity: 2646

Merit: 1141

Quote from: nrhs05 on December 28, 2013, 11:18:29 PM

Even if CENT is fixed, is there just far to many coins in circulation already for it to gain much substantial value?

We need to add a fee for transfer, which should be destroyed, as it is in the NVC. This will somehow restrain mad money growth. I think that the transfer commission must not be less than 100 cents (may be even more). In another case coin will be dead.

JimmyS

member

Activity: 107

Merit: 10

Quote from: JohnathanCity on December 29, 2013, 04:07:02 AM

Quote from: strunberg on December 29, 2013, 12:07:05 AM

Quote

By the 1-8-2014 there will be somewhere in the region of 60 trillion CENT minted. At the 0.00000001 trade price on Cryptsy that gives it a market cap of around $15-20 million, each CENT worth around $0.00000003

That's still shy of the total world's money supply.

http://youtu.be/w2tKg3E53DM

It's even less than 1/10th of the US National Debt - $17 trillion = 1,700 trillion cents

JohnathanCity

newbie

Activity: 20

Merit: 0

Quote from: strunberg on December 29, 2013, 12:07:05 AM

Quote

By the 1-8-2014 there will be somewhere in the region of 60 trillion CENT minted. At the 0.00000001 trade price on Cryptsy that gives it a market cap of around $15-20 million, each CENT worth around $0.00000003

That's still shy of the total world's money supply.

http://youtu.be/w2tKg3E53DM

barwizi

legendary

Activity: 882

Merit: 1000

My point is, there are too many in existence. The whole idea of indivisibility was novel, but it only exacerbates the problem, divisibility should be retuned at the same time that stake is removed to ensure this coin lives and people's investment of time , funds and costs does not go down the drain.
Trying to stick to the idea of having trillions that are continuing to stake is absurd, even with the stake reduction if i have a trillion, i will stake 10 Billion, as a result the mony supply will still grow very fast.

but if we divide by ten billion then a trillion becomes a hundred coins, which grow by 1 coin a week, which is far more manageable growth. in a month even with the stake fix, we may very well reach the point where the client is unable to display the balance.

So it would deal with inflation, absurd numbers, and stay well within transaction limits for A LONG TIME.

Just food for thought.

strunberg

sr. member

Activity: 1344

Merit: 335

#SWGT PRE-SALE IS LIVE

Quote from: nrhs05 on December 28, 2013, 11:18:29 PM

Even if CENT is fixed, is there just far to many coins in circulation already for it to gain much substantial value?

I think we should focus on promoting the idea of using pennies for micro transactions.

Quote

By the 1-8-2014 there will be somewhere in the region of 60 trillion CENT minted. At the 0.00000001 trade price on Cryptsy that gives it a market cap of around $15-20 million, each CENT worth around $0.00000003

https://bitcointalk.org/index.php?topic=269145.700

We need a hole that would suck up tens of trillions of pennies,and micro transactions could be what we're looking for.

Imagine mine craft servers using pennies to trade currency between each other.
All we would need to do is edit code of plugins so that instead of bitcoin,it would be pennies.
There are already bitcoin faucets and Casinos on minecraft

Imagine MMO's having an built-in exchange that lets people trade in the game currency for pennies.
Then imagine people taking the pennies they earned in say "WOW",and use it in "EVE Online" or "2nd Life".

With "2nd Life", it's very possible that we could pull off such an Idea with all of that user created content.

nrhs05

sr. member

Activity: 268

Merit: 250

Even if CENT is fixed, is there just far to many coins in circulation already for it to gain much substantial value?

Petr1fied

hero member

Activity: 630

Merit: 502

Quote

I can't get past the first step, I get the error. The private key for this address is not known (code -4). That sounds bad to me, any more help please?

If your wallet is encrypted you need to unlock it first by typing:

Code:

walletpassphrase YourPassword TimeInSecs

(Replacing YourPassword with your password and TimeInSecs with the number of seconds you want to unlock the wallet for)

remistevens

hero member

Activity: 630

Merit: 501

Quote from: Petr1fied on December 28, 2013, 11:30:22 AM

Quote from: jt7382 on December 28, 2013, 12:23:13 AM

Hey people. I'm getting a weird error and not sure how to fix it - all my pennies seem to be gone from my wallet after loading the blockchain. When I start the new version of the wallet it gives me an error saying "Warning: error reading wallet.dat! All keys read correctly, but transaction data or address book entries might be missing or incorrect". I have a couple hundred dollars worth of pennies in there so would hate to lose them, tried deleting everything but wallet.dat in the roaming directory, etc but nothing fixes it. Anyone know what to do?

You'll most likely need to dump the private key(s) for the address(es) and import into a brand new wallet. As before delete everything aside from wallet.dat and then start the client again. Dump the private keys for any addresses you've received funds for by going to Command Line Banking and typing:

Code:

dumpprivkey address

(Replacing address with the pennies address)

Copy and paste the private key(s) and then close the client.
Rename wallet.dat to something else just in case you need to come back to it later.
Restart pennies and it'll generate a new wallet.

Once the wallet has started up go to Command Line Banking and type:

Code:

importprivkey PrivateKeyHere LabelHere

(Replacing PrivateKeyHere with the private key from earlier and LabelHere with a name to identify it. Perhaps Imported for example)

Once you've done this it can take a very long time to import the transactions so just leave it alone and let it do it's thing. Repeat for any other keys until you've rebuilt your wallet.

Quote from: meta.p02 on December 28, 2013, 09:37:26 AM

Wait... so let me get this straight... we can only use the 0.9.6 client until new year, but stake will continue generating until 8th of Jan? Huh

I'm confused here

Just update to 0.10.0.0 already. what's the deal with all the reluctance to update? It'll stake at exactly the same levels until January 8th.

I can't get past the first step, I get the error. The private key for this address is not known (code -4). That sounds bad to me, any more help please?

I did try this on a new computer- transferred the wallet file over. I wanted to avoid the first computer as it has issues and was the one that crashed in the first place- plus it is very slow. Could that be the problem? I'm re-syncing the original computer now to see if its any different.

JohnathanCity

newbie

Activity: 20

Merit: 0

I imagine once the fix goes through it should gain a little steam again.

kcanup

legendary

Activity: 1484

Merit: 1000

Quote from: wangjy on December 28, 2013, 09:43:09 PM

CENT is dead on cryptsy?
0.00000000 LTC
0.00000001 XPM
no buy orders
Angry

Dont worry & wait couple of months to reach CENT to da moon Grin

wangjy

newbie

Activity: 24

Merit: 0

CENT is dead on cryptsy?
0.00000000 LTC
0.00000001 XPM
no buy orders
Angry

Topic: [ANN] RazorLove Cryptocurrency Services - DBL, CENT, & FOO/BAR Updates - page 88. (Read 153386 times)