Topic: [ANN] RootCoin [ROOT] - rootEX™ announced - ANON-tx using BitKey™- PoW/PoS/PoI - page 68. (Read 271863 times)

Bitsta has made this information public already. He isnt trying to hide anything.  The instamine was a mistake and was mined by the official pool and solo miners.  I should know as I was here at launch.

Guy above, you don't have to double post and post your entire reply with red letters.
Respect our eyes and respect forum rules.

setting buy order for 3k sats

No this was not fake:) Someone just needed btc for something else. I bought cheap:). Thanks!

I hope so, I don't really want to sell right now at a loss, there's a decent sized wall at 13.5k that ought to stop the market from dropping any lower, so hopefully it will rebound. Even people who aren't in it for the long term ought to realise there's no good reason why this coin shouldn't be able to hit 100k probably before the PoW ends. BTCD did and it has a max coins of 60 million? I think, compared to root's 3 million, so in theory if root picks up a remotely decent market cap it should have a very decent value. I'm not entirely sure of the wisdom of going to entirely PoS rather than keeping even say 1% PoW, especially with the whole burn pool thing. Although I can't imagine that will get used, the concept of destroying the coins to raise the value of the remaining ones is sound but it would never work out in the interest of the person who burned them, because the deflationary effect will always be spread out over the entire market and will never be as much as the value of the coins someone burns. It only really works if virtually everyone who holds a reasonable stake of the coin decides to do it.
Unless I'm somehow misunderstanding the concept entirely. Like that burning the coins has some other reward.

NM, this is in the OP.

Good more people own coin - much better than one big whale.
distribution

Lol that´s fake volume buddy, dont worry, it will stabilize and go up pretty soon.

Lol

Holders are like little childrens

lol, d-d-d-dump

https://github.com/Earlz/coinreviews/blob/master/rootcoin.txt

Yeah this caught my attention as well.
kind of....rather, Really scary that much is controlled by one person or group....

Absolutely true, this high amount of coins in the hands of one single person can be highly destructive for the market. I´m pretty sure this won´t end good, so im out.

So someone on bittrex just sold almost 120,000 root to themselves. Of course this being the world of altcoins nothing is illegal as far as market manipulation goes, but can anyone tell me what the point of that was, is it just to try and make the coin look attractive to bots or day traders by artificially boosting the market volume? Either way be warned someone out there has a massive amount of this stuff and if their end goal is to increase the price so they can dump it's going to severely impact the market.

Also now that root is on bittrex it might be an idea for us to start petitioning other markets to list root as it will help to stabilise the price and make manipulation more difficult if the trading is spread across multiple markets.

Edit: So the story gets deeper, in the space of a 2 minute window almost 300,000 root was bought, and in a 9 minute window the market volume of root went from a little over 30,000 to 430,000!!! I gotta tell ya I don't feel super comfortable being as leveraged as I am on something that seemingly a single person has so much control over. If one single person actually has 400,000 root, basically 1/4 of all the root, they could crash the price to virtually nothing. If root is going to suffer the same pump and dump fate as every other altcoin out there then wth is the point of even trying to come up with innovative features. I mean we do actually need a decent anon coin, and there are a few contenders now, but if they all get destroyed by people trying to make a quick buck at the expense of everyone else, so that the only coin that retains any modicum of stability is btc then we'll never solve the problems that btc has.

thats because it took more than 2h30min to solve a block. so the wallets starts
to show "non-snyced".


p.s. sample-config file is posted in OP. name it RootCoin.conf

wallet stopped sync 2 hrs ago whats name of conf and nodes

10 days is this Sunday

When all coins will be mined??

wow I need big hash power for this coin,lucky to get 1 coin a day with 1.5 mh/s

For all of you already panicking....you do realize its still being mined right?

Miners always dump. Period.

Not hyping because I don't hype but from what I've seen in the works from Bitsta, this coin has a lot of value that isn't being realized.

DYOR.

Regards,

LC