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Topic: |ANN| |SPEEDCASH| |X13| Fast, Private, Secure, Untraceable and Decentralized - page 22. (Read 50448 times)

jr. member
Activity: 95
Merit: 2
Every POS currency generates inflation and price decrease. 8% POS should be withdrawn from SCS. The price of SCS will only rise when entering a large exchange like Braziliex, Binance, Coinexchange, Cryptopia, Livecoin, hitbtc among others.

Ok, but why they write on their site that there is a maximum of 476,918 SCS coins in total? It's not the truth. There isn't any maximum supply.

no one said mximum they say total coin 476,918 SCS and after that the POW will end

Wrong.

It is written on their homepage. SCS features:

"Very small coin supply. There is maximum of 476,918 SCS coins in total. This is 40 times less than Bitcoin, which makes this coin exclusive."


newbie
Activity: 184
Merit: 0
The project is interesting, how hard is it at this moment to mine this coin? And what is the cost-benefit ratio?

Check website

https://www.scash.ml/pool/

or ask the developers in telegram group

https://t.me/SpeedCashChat
newbie
Activity: 184
Merit: 0
Every POS currency generates inflation and price decrease. 8% POS should be withdrawn from SCS. The price of SCS will only rise when entering a large exchange like Braziliex, Binance, Coinexchange, Cryptopia, Livecoin, hitbtc among others.

Ok, but why they write on their site that there is a maximum of 476,918 SCS coins in total? It's not the truth. There isn't any maximum supply.

no one said mximum they say total coin 476,918 SCS and after that the POW will end
member
Activity: 280
Merit: 10
The project is interesting, how hard is it at this moment to mine this coin? And what is the cost-benefit ratio?
newbie
Activity: 184
Merit: 0
Well for my opinion and the probable shared opinion of others, is for the progression and evolution of this coin things need to be done, Number 1 the code needs to be fixed and implemented so that people on Yobit can trade and take out their coins as they please and Number 2 the proof of stake option needs to be cut out to maintain the integrity of the max coin supply.
For the number 1, the code sent to Yobit, if Yobit didnt update the code scs team can do nothing, but for protect investors, SCS team resupply all buyers from Yobit.
Here are the steps to do that:
Move your cursor over your username in the upper right corner and click on “Yobit Codes”
Select SpeedCash, choose amount and click on “create new code”
Copy and paste the yobit code (YOBIT…SCS) and send it together with your wallet address (desktop wallet, paper wallet or exchange wallet) to the developer under [email protected]

For number to 2, why cut out stake, first thing you didn't pay attention, after 100 years will be less than 8M scs less than bitcoin today, its very low supply even after 100 years. there is no need for cut out stake, contrariwise, stake must stay, to rush people to run their wallet
jr. member
Activity: 147
Merit: 7
Türkiye'nin Bitcoin ve Altcoin Borsası
Hello to everyone,
Our newly opened stock is SpeedCash listed. Now we have a campaign.

🎉CAMPAIGN🎉
 Share your reference link. Earn 0.1% of the transactions made by users who register with the reference.
Details :https://bitexlive.com/news
All users are welcome.

http://bitexlive.com


Regards,
Bitexlive Team
CnB
newbie
Activity: 47
Merit: 0
Invested in this project, see a lot of potential. Good luck guys!
jr. member
Activity: 95
Merit: 2
Every POS currency generates inflation and price decrease. 8% POS should be withdrawn from SCS. The price of SCS will only rise when entering a large exchange like Braziliex, Binance, Coinexchange, Cryptopia, Livecoin, hitbtc among others.

Ok, but why they write on their site that there is a maximum of 476,918 SCS coins in total? It's not the truth. There isn't any maximum supply.
newbie
Activity: 112
Merit: 0
Yes its growing exponentially but that doesnt take away from the fact that there are still major kinks holding it back.
newbie
Activity: 132
Merit: 0
Well for my opinion and the probable shared opinion of others, is for the progression and evolution of this coin things need to be done, Number 1 the code needs to be fixed and implemented so that people on Yobit can trade and take out their coins as they please and Number 2 the proof of stake option needs to be cut out to maintain the integrity of the max coin supply.

I think dev will fix this in the next update.

Every day, SpeedCash gains volume, the price is increasing in USD when in Bitcoin, this is very good.

I'm doing coin marketing on facebook in several groups of blockchain, I have several pages on facebook too, one of them has 3756 members, I'm doing SCS coin marketing there as well.

We should not only buy and expect the currency to grow on its own, a team will do it more quickly, doing this, everyone has won.

I believe I have brought at least 0.7 BTC to SpeedCash volume, my friend will buy $1000 in SCS, the marketing is heavy  Grin
jr. member
Activity: 95
Merit: 2
Well for my opinion and the probable shared opinion of others, is for the progression and evolution of this coin things need to be done, Number 1 the code needs to be fixed and implemented so that people on Yobit can trade and take out their coins as they please and Number 2 the proof of stake option needs to be cut out to maintain the integrity of the max coin supply.

Agree with point number 2.
newbie
Activity: 112
Merit: 0
Well for my opinion and the probable shared opinion of others, is for the progression and evolution of this coin things need to be done, Number 1 the code needs to be fixed and implemented so that people on Yobit can trade and take out their coins as they please and Number 2 the proof of stake option needs to be cut out to maintain the integrity of the max coin supply.
newbie
Activity: 184
Merit: 0

Hi! The project deserves attention. I read the project documents and I liked the idea. I hope that this ICO will be successful. Good luck for the project and DEV.


is not ICO its already traded in 4 exchange
jr. member
Activity: 95
Merit: 2
Thanks.

Advice for the devs : release whitepaper as soon as possible. Things will be more clear with it.

Best.
newbie
Activity: 184
Merit: 0
Hi, I'm new on this forum. And I have a question about Speedcash.

I read some comments on reddit about scs and I found this:

"So, em where is the 8% that POS nodes will receive per year, or the payouts from mining this coin going to come from? As there is only going to be 476,918 and 434,037 of that is circulating. Either a straight up lie or the fees are going to be fucking ridiculous. If the case is to add 8% to the total supply every year then this is a inflationary currency and will continuously lose value against the like of btc because of it. So much red flags I'mma wait for the whitepaper being released."

My question is: is speedcash really a inflationary currency? If no, could you please explain why? Thanks

Total SCS coins supply is 476,918 SCS with an 8% annual increase.

Expected coins supply:
▪Jan 2018 (currently, while PoW is in progress): 262,835 SCS
▪Jan 2019 (PoW ended): up to 476,918 SCS
▪Jan 2020: up to 515,071 SCS
▪Jan 2021: up to 556,227 SCS
▪Jan 2022: up to 600,779 SCS
▪Jan 2023: up to 648,841 SCS
▪Jan 2024: up to 700,749 SCS and so on.

This means 8% inflation every year.

In case SCS capitalization is fixed, every balance not involved in PoS will lose 8% of its price every year, which promotes to do one of the following:
▪Continue to support the network by running PoS;
▪Run up successful business to get more coins;
▪Increase of total capitalization by increasing the coin price.

Of course, all successful projects are currently growing in cost but, this cannot last forever. Most of them have the similar issue: as long as the coins price grows, it is far more profitable to keep coins than spend them. As long as everybody just holding their coins, there will be no business involving these coins. Thus, any bearish trend can totally ruin the price and capitalization of a project that is actually not being used by anybody.

The second problem is the limitation of total coin supply. For PoW, it would be profitable to support a network only if TX fees are higher than wasted electricity costs. Miners normally receive mined block rewards, except the case when the mined blocks are over. Thus, all these costs would be included in everyday TX we carry out. This is kind of a normal situation for "Digital Gold" or other savings but surely will surely kill any cash-like systems.

PoS with annual interest of any non-zero % will produce unlimited money supply over years. The only way to keep coins amount limited in this case is to burn "extra" coins. It is probably okay if they are not really needed, but are you sure you want your wallets that were last used in 2010 to be cleared? Probably not. Otherwise, it is far more closer to fiat than any "Digital Gold"-like system, where supply limitation is one of key features.

Also, SpeedCash is (at least should be) cash-like. Technically, we are aiming to have an outstandingly fast transaction speed, cheap TX fees and controllable overall supply. This would never replace Bitcoin in any case.

One reasonable question can be, "I don't want to run PoS. I just want to buy some SCS to become rich one day by doing nothing extra. And you're telling me that money supply is just increasing. That means over years I will lose money instead of gaining money, so why do I need this project?".

Firstly, let us notice that at least 7 years are required to increase the supply by 100% and reduce stakes (not backed by PoS) by 50% respectively. Seven years for a cryptocurrency is very long life, therefore that wouldn't be a major problem anyway. In comparison, average lifetime of small project is less than year.

Secondly, the SCS project currently has a very small capitalization and coin price respectively. Rapid growth is very likely, and even 100% supply increase over years wouldn't affect coin price negatively.

jr. member
Activity: 95
Merit: 2
Hi, I'm new on this forum. And I have a question about Speedcash.

I read some comments on reddit about scs and I found this:

"So, em where is the 8% that POS nodes will receive per year, or the payouts from mining this coin going to come from? As there is only going to be 476,918 and 434,037 of that is circulating. Either a straight up lie or the fees are going to be fucking ridiculous. If the case is to add 8% to the total supply every year then this is a inflationary currency and will continuously lose value against the like of btc because of it. So much red flags I'mma wait for the whitepaper being released."

My question is: is speedcash really a inflationary currency? If no, could you please explain why? Thanks
newbie
Activity: 63
Merit: 0
newbie
Activity: 51
Merit: 0
Hi guys I'm looking this project now... Is this a good enter point??
newbie
Activity: 98
Merit: 0
https://tothemoon.live/?IsPast=False&Page=1&Month=0&Year=0&CoinTypes=Speedcash+%28SCS%29&SortBy=0
Hello community. Speedcash will release Whitepaper. I think this project have a future!! who think another?)
newbie
Activity: 92
Merit: 0
Project is awesome and looking at the developer's experience there is no doubt that the project will be successfully implemented. Grin
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