Topic: [ANN] [SIL] Silvercoin (Read 8855 times)

bump

we have decided to go with PoS

i did respond to this but forgot to tag it to the quote.

yes brother. people can't seem to grasp the concept that you can't give a coin away and back it at the same time. i don't know why this is so difficult to understand. there are other coins that have been pos with 100%premine. people yelled and ranted but still wound up buying them. if i was not backing the coins then it would be no issue i would not premine the coin. but how if i give you a coin then how is it backed. mints are not cool with good looks and sharp wit, they prefer money. lol. the issue is this is not the norm and people are not willing to take a moment to understand. they are simply looking at it as another coin like all the rest. i could almost guarantee that majority of the people have not even read the announcement. they came into the page scrolled down to the pre-mine figures flipped out and left.

Everyone's biggest concern it seems has been the huge pre-mine so you decide to do go for the entire thing as pre-mine?  Hah?!

we are prob going to change some thing and go with 100% premine and pos!

that is a great idea! 100% pre-mine and on a pow coin.

Premine 113.150.000   ? Why not 119.999.999 ?

Seriously, backed by silver?

Great concept but people would need to see some verifiable proof of that. "Proof of Bullion"?  Haha?

Good luck!

back by silver
How many millions would need

well i could write a long impromptu story to prove your wrong. But i was reading your comment again as i started to type this, and i don't think you would understand it if i did.   

really stupid.
that means dev got all sliver all of the world .

That may be the first valid argument i have heard all night. lol. however two things. you take the same risk investing in every other altcoin, your money could disappear overnight. It has happened but that is the risk we all take. Now i am not holding that much silver in my closet. It will be held at a depository and there are third party audits to verify holdings every quarter. yes i could disperse silver coins but we would have to charge alot more money per coin for shipping and handling and then if you ever decided to cash out you would have to pay capitol gains tax of between 15% and 35% .As Silvercoin you don't have all of the fore mentioned issues. you are simply holding a crypto-currency. If you pay $7 for litecoin and you buy 1000 of them, you are vested $7000 right that's it. If it falls overnight and is only worth $2 (which i hope never happens) you are out $5000 dollars. The risk is not any different. Are you going to go and ask someone at light coin for a refund on your loss. It does not benefit me for this not to play out for the rest of my life, i am already invested in silver i need the market to climb the more we buy the more we assist a bull market in happening. At any point you can sell back your coin(s) and we will have to sell back silver. It is an ebb and flow, to think that there is going to be 340 million sitting in a vault. i don't see that things come up people need money. if/when silver does climb people are going to sell. A bull market won't last forever expectation is 5 to 10 years when it occurs. however at the end of the day your risk is still not any different than any other coin.

你懂得
you known!

Would make more logic for all these "investors" to just go buy straight silver on coaex or whatever else website that accepts BTC payments for silver, and it's solved! You get silver, you own it in your own hands, and you ain't risking anything.

You do not know how this works ? he will sell 113 million coins for 323 million dollars on Bittrex and buy silver with it to back up the bagholders.
One thing is worrying me though, Richie might decide to keep the 323 million dollars and close shop and flee.

What giveaways?

You did not see what happened to the URO investors?

Here is a reminder....

Not sure if serious

Need an escrow and ALOT more info for something like this to happen.