[ANN] RootCoin [ROOT] - rootEX™ announced - ANON-tx using BitKey™- PoW/PoS/PoI - page 112.

drippx

sr. member

Activity: 539

Merit: 250

Quote from: Monkeys on July 31, 2014, 07:19:24 AM

Quote from: provenceday on July 31, 2014, 07:17:26 AM

LOOK at NXT and viacoin.

if coin is good enough, people will hold than sell.

if coin provide nothing new, then it will die sooner or later.

no worry about this.

I'm sorry I'm not sure of your point?

Do you agree that POW should be made more fair?

Or do you think the investors should just take all of the coin?

Theres plenty of other coins you can choose from to mine, no need to bring your negativity to this one you know

cawson

full member

Activity: 196

Merit: 100

Quote from: Monkeys on July 31, 2014, 07:19:24 AM

Quote from: provenceday on July 31, 2014, 07:17:26 AM

LOOK at NXT and viacoin.

if coin is good enough, people will hold than sell.

if coin provide nothing new, then it will die sooner or later.

no worry about this.

I'm sorry I'm not sure of your point?

Do you agree that POW should be made more fair?

Or do you think the investors should just take all of the coin?

the big miner can get most of the coin.

miner just mine and sell dump dump ...

and many people can't get by mine .

Monkeys

member

Activity: 112

Merit: 10

Quote from: provenceday on July 31, 2014, 07:17:26 AM

LOOK at NXT and viacoin.

if coin is good enough, people will hold than sell.

if coin provide nothing new, then it will die sooner or later.

no worry about this.

I'm sorry I'm not sure of your point?

Do you agree that POW should be made more fair?

Or do you think the investors should just take all of the coin?

provenceday

legendary

Activity: 1148

Merit: 1000

LOOK at NXT and viacoin.

if coin is good enough, people will hold than sell.

if coin provide nothing new, then it will die sooner or later.

no worry about this.

Monkeys

member

Activity: 112

Merit: 10

If I was an investor in this coin, I would also be pressuring the dev for an even coin distribution.

Putting all of the coins in the hands of the investors alone can only result in one outcome. Big dump as soon as it hits an exchange, coin dead within a month..

If you want to have a chance for this coin to grow and have a long life (Like 100 years!?) then you need to distribute it fairly.

Look at Reddcoin, over 3 months POW, very fair distribution, investors GOT VERY RICH!!

I saw one guy bought a Ferrari from a $10k investment.. Now that is what I am talking about.

I'm not trying to get super rich, I only want to be able to earn a fair share of this coin with my mining power which is not so much really..

Monkeys

member

Activity: 112

Merit: 10

Quote from: cawson on July 31, 2014, 06:52:55 AM

Quote from: Monkeys on July 31, 2014, 06:42:32 AM

Quote from: bitsta on July 31, 2014, 03:36:30 AM

Quote from: saberu on July 31, 2014, 01:35:48 AM

dev we were wondering about the 5 minute blocktime and 5 reward. That would make PoW over 100 years but you said PoW is 10 days + 14 days.

24 days or 100 years?

total coincap = PoI+PoW+PoS

so its fine.

just to clarify again:
total coincap = PoI + 10 days PoW + 14 Days hybrid PoW/PoS + PoS for ~100 years

No it isn't fine. Not at all. That arrangement would not even be good for the investors, let alone the miners!?

If only 34k coins can be mined, whats the point for people to mine??

With this arrangement, at the end of POW there will be 1 million coins in the hands of investors, and only something like 50k coins in the hands of miners..

That is not a fair distribution, at all.

I vote for the block reward to be increased to at least 40 coins per block, or no deal..

You may be a big miner .so why u not ipo .did u see viacoin?

may be u just want mine this coin dump dump.

I only found this coin yesterday, so I missed out on the IPO.

Even still, I would not buy in to an IPO with such an unfair coin distribution. There is no future for a coin that is only distributed among 50 people. This is my honest opinion.

If you want this coin to survive long, even medium term then you need to ensure that it gets distributed at least reasonably fairly. At least an even share between miners (33%) and investors (33%) and leave the rest for the POS (34%).

That is a much more fair distribution and will result in a healthy coin.

cawson

full member

Activity: 196

Merit: 100

Quote from: Monkeys on July 31, 2014, 06:42:32 AM

Quote from: bitsta on July 31, 2014, 03:36:30 AM

Quote from: saberu on July 31, 2014, 01:35:48 AM

dev we were wondering about the 5 minute blocktime and 5 reward. That would make PoW over 100 years but you said PoW is 10 days + 14 days.

24 days or 100 years?

total coincap = PoI+PoW+PoS

so its fine.

just to clarify again:
total coincap = PoI + 10 days PoW + 14 Days hybrid PoW/PoS + PoS for ~100 years

No it isn't fine. Not at all. That arrangement would not even be good for the investors, let alone the miners!?

If only 34k coins can be mined, whats the point for people to mine??

With this arrangement, at the end of POW there will be 1 million coins in the hands of investors, and only something like 50k coins in the hands of miners..

That is not a fair distribution, at all.

I vote for the block reward to be increased to at least 40 coins per block, or no deal..

You may be a big miner .so why u not ipo .did u see viacoin?

may be u just want mine this coin dump dump.

Monkeys

member

Activity: 112

Merit: 10

Quote from: bitsta on July 31, 2014, 03:36:30 AM

Quote from: saberu on July 31, 2014, 01:35:48 AM

dev we were wondering about the 5 minute blocktime and 5 reward. That would make PoW over 100 years but you said PoW is 10 days + 14 days.

24 days or 100 years?

total coincap = PoI+PoW+PoS

so its fine.

just to clarify again:
total coincap = PoI + 10 days PoW + 14 Days hybrid PoW/PoS + PoS for ~100 years

No it isn't fine. Not at all. That arrangement would not even be good for the investors, let alone the miners!?

If only 34k coins can be mined, whats the point for people to mine??

With this arrangement, at the end of POW there will be 1 million coins in the hands of investors, and only something like 50k coins in the hands of miners..

That is not a fair distribution, at all.

I vote for the block reward to be increased to at least 40 coins per block, or no deal..

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: shadowduck on July 31, 2014, 04:03:07 AM

Quote from: ?? on ??

Chinese QQ Group: 310988665

The QQ group you give is actually on PSEUD and AERO,
Here is a QQ group decidated to ROOT: 385168018

thank you. i ll add it to the OP.

shadowduck

full member

Activity: 840

Merit: 100

Oikos.cash | Decentralized Finance on Tron

Quote from: ?? on ??

Chinese QQ Group: 310988665

The QQ group you give is actually on PSEUD and AERO,
Here is a QQ group decidated to ROOT: 385168018

U

full member

Activity: 503

Merit: 106

How to receive the Rootcoin?

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: insist on July 31, 2014, 02:38:02 AM

Quote from: ?? on ??

Chinese QQ Group: 310988665

Dev ,are you chinese , dev?

no i am not chinese. thats the QQ Group of a supporter.

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: rhkazani1 on July 30, 2014, 09:23:12 PM

create a poll for the algo, go with the votes, i prefer SHA.

i ll set one up over the day.

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: saberu on July 31, 2014, 01:35:48 AM

dev we were wondering about the 5 minute blocktime and 5 reward. That would make PoW over 100 years but you said PoW is 10 days + 14 days.

24 days or 100 years?

total coincap = PoI+PoW+PoS

so its fine.

just to clarify again:
total coincap = PoI + 10 days PoW + 14 Days hybrid PoW/PoS + PoS for ~100 years

Monkeys

member

Activity: 112

Merit: 10

Quote from: saberu on July 31, 2014, 01:35:48 AM

dev we were wondering about the 5 minute blocktime and 5 reward. That would make PoW over 100 years but you said PoW is 10 days + 14 days.

24 days or 100 years?

I would also like some clarification on this. It really doesn't make sense to have such a small block reward for a 24 day POW? Is it meant to be more like 50 block reward? That would be closer to the correct total coin supply I believe =)

insist

member

Activity: 112

Merit: 10

Quote from: ?? on ??

Chinese QQ Group: 310988665

Dev ,are you chinese , dev?

saberu

full member

Activity: 224

Merit: 100

dev we were wondering about the 5 minute blocktime and 5 reward. That would make PoW over 100 years but you said PoW is 10 days + 14 days.

24 days or 100 years?

provenceday

legendary

Activity: 1148

Merit: 1000

Quote from: TrollboxChamp on July 30, 2014, 10:48:34 PM

Quote from: provenceday on July 30, 2014, 10:17:42 PM

what's the total coinmarketcap according the ipo price?

what's the price after hit exchange platform?

50 btc will be Market cap at launch. (@5000 satoshi per coin)

This coin has slow mining.

5 min blocks and 5 coins per block. I dont see how it will go below the 5000 satoshi IPO price.

the price will hit 50K satoshi.

TrollboxChamp

sr. member

Activity: 462

Merit: 250

Quote from: provenceday on July 30, 2014, 10:17:42 PM

what's the total coinmarketcap according the ipo price?

what's the price after hit exchange platform?

50 btc will be Market cap at launch. (@5000 satoshi per coin)

This coin has slow mining.

5 min blocks and 5 coins per block. I dont see how it will go below the 5000 satoshi IPO price.

provenceday

legendary

Activity: 1148

Merit: 1000

what's the total coinmarketcap according the ipo price?

what's the price after hit exchange platform?

Topic: [ANN] RootCoin [ROOT] - rootEX™ announced - ANON-tx using BitKey™- PoW/PoS/PoI - page 112. (Read 271863 times)