[ANN] [SPOT] | SUCCESSFUL FORK COMPLETE - On CoinPayments.net/Cryptsy/Coins-e - page 6.

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: Desten on February 20, 2014, 03:39:58 PM

DRobert, slow pump from 14 feb and to 5500 spotoshis - 25-30% of volume was our team volume. It was about 42-45BTC's in 3.5 days. Little more than today 3.5btc's, yep?
Now we just protect price falling continuously rising our mid/little buy orders when they are going to the end. But this is not the solution. Coin must have hard floor - services, PR, stable mining. I predict 1-2 month will pass before really huge rising. More than ever before. But not now.
And about multipools - current price is guilty in punishment by multipools/big miners, that jumps only when diff is near zero for them. So only one solution - is price rising more than 200-500 times - this will attract so much miners (400-500Mh+) that multipools/big mine-a-boys will be outboard.
And coin needs to be listed at coinmarketcap!

Only reason its not is explorer is down. Need an Abe explorer

Desten

sr. member

Activity: 357

Merit: 250

DRobert, slow pump from 14 feb and to 5500 spotoshis - 25-30% of volume was our team volume. It was about 42-45BTC's in 3.5 days. Little more than today 3.5btc's, yep?
(deleted)
But this is not the solution. Coin must have hard floor - services, PR, stable mining. I predict 1-2 month will pass before really huge rising. More than ever before. But not now.
And about multipools - current price is guilty in punishment by multipools/big miners, that jumps only when diff is near zero for them. So only one solution - is price rising more than 200-500 times - this will attract so much miners (400-500Mh+) that multipools/big mine-a-boys will be outboard.
And coin needs to be listed at coinmarketcap!

ckoeber

member

Activity: 182

Merit: 10

Quote from: DRobert on February 20, 2014, 03:10:27 PM

Quote from: ckoeber on February 20, 2014, 03:07:42 PM

Quote from: DRobert on February 20, 2014, 02:57:23 PM

The difficulty jumps and changes are so fucking awesome. Seriously. I like how it fucks over the Multipools. Mine pools are the reason coins like Leaf and Moon get fucked over and freeze up the market to big time lows (apart from whale manipulation doing that). It seems Spots was on to something really good with it and miners who really care about the coin and investors like myself don't get fucked over as much. It seems to work similar as Gravity Well that those coins want to add in order to resist the Multipools

Yeah. I trust Spots will keep doing what he was doing and I hope I'm buying in low for a nice ride to da moon.

You're not screwing over the multi-pools; you are screwing over the individual miners and Spots pool operators (like myself) who then get a huge swing to 5.0~8.0 difficulty and then it takes much longer to get a single coin.

You seem to forget pre-fork when the difficulty would spike up to 25 (or even higher in some cases) while the coin value was really low. So it would literally take hours (a day in extreme cases) to get a single coin as most of the miners left to mine something more profitable.

Multi-pools will ALWAYS mine the most profitable coin regardless of difficulty (DOGECoin for example) so the only people difficulty swings hurt is everyone else, including you.

Noted.

You make a compelling case. Alright. I am persuaded. How do we go about making it better for our community while keeping Multi-pools away then?

The key to good mining is consistency.

You really can't do shit about multi-pools. Forget about worrying about them.

Build the coin around miners; Low, incremental and predictable changes in difficulty is the key.

DRobert

member

Activity: 98

Merit: 10

Quote from: ckoeber on February 20, 2014, 03:07:42 PM

Quote from: DRobert on February 20, 2014, 02:57:23 PM

The difficulty jumps and changes are so fucking awesome. Seriously. I like how it fucks over the Multipools. Mine pools are the reason coins like Leaf and Moon get fucked over and freeze up the market to big time lows (apart from whale manipulation doing that). It seems Spots was on to something really good with it and miners who really care about the coin and investors like myself don't get fucked over as much. It seems to work similar as Gravity Well that those coins want to add in order to resist the Multipools

Yeah. I trust Spots will keep doing what he was doing and I hope I'm buying in low for a nice ride to da moon.

You're not screwing over the multi-pools; you are screwing over the individual miners and Spots pool operators (like myself) who then get a huge swing to 5.0~8.0 difficulty and then it takes much longer to get a single coin.

You seem to forget pre-fork when the difficulty would spike up to 25 (or even higher in some cases) while the coin value was really low. So it would literally take hours (a day in extreme cases) to get a single coin as most of the miners left to mine something more profitable.

Multi-pools will ALWAYS mine the most profitable coin regardless of difficulty (DOGECoin for example) so the only people difficulty swings hurt is everyone else, including you.

Noted.

You make a compelling case. Alright. I am persuaded. How do we go about making it better for our community while keeping Multi-pools away then?

ckoeber

member

Activity: 182

Merit: 10

Quote from: DRobert on February 20, 2014, 02:57:23 PM

The difficulty jumps and changes are so fucking awesome. Seriously. I like how it fucks over the Multipools. Mine pools are the reason coins like Leaf and Moon get fucked over and freeze up the market to big time lows (apart from whale manipulation doing that). It seems Spots was on to something really good with it and miners who really care about the coin and investors like myself don't get fucked over as much. It seems to work similar as Gravity Well that those coins want to add in order to resist the Multipools

Yeah. I trust Spots will keep doing what he was doing and I hope I'm buying in low for a nice ride to da moon.

You're not screwing over the multi-pools; you are screwing over the individual miners and Spots pool operators (like myself) who then get a huge swing to 5.0~8.0 difficulty and then it takes much longer to get a single coin.

You seem to forget pre-fork when the difficulty would spike up to 25 (or even higher in some cases) while the coin value was really low. So it would literally take hours (a day in extreme cases) to get a single coin as most of the miners left to mine something more profitable.

Multi-pools will ALWAYS mine the most profitable coin regardless of difficulty (DOGECoin for example) so the only people difficulty swings hurt is everyone else, including you.

SWKineo

newbie

Activity: 45

Merit: 0

Quote from: DRobert on February 20, 2014, 02:57:23 PM

Quote from: ckoeber on February 20, 2014, 02:52:33 PM

Glad to see this coin slowly start to come alive again.

I don't like the difficulty jumps; there is still too much swing.

Maybe at a fork down the road we can go to a +/- 1% swing like the other good alt-coins.

The difficulty jumps and changes are so fucking awesome. Seriously. I like how it fucks over the Multipools. Mine pools are the reason coins like Leaf and Moon get fucked over and freeze up the market to big time lows (apart from whale manipulation doing that). It seems Spots was on to something really good with it and miners who really care about the coin and investors like myself don't get fucked over as much. It seems to work similar as Gravity Well that those coins want to add in order to resist the Multipools

Yeah. I trust Spots will keep doing what he was doing and I hope I'm buying in low for a nice ride to da moon.

Here's the problem... the difficulty jumps are mostly keeping the Multipools away, but they're also slowing down the block rate to around 100 per day, rather than the intended 1234.
Even CoinWarz's measly estimation of $2 per Mh/s per day is more than one would actually get.

DRobert

member

Activity: 98

Merit: 10

Quote from: ckoeber on February 20, 2014, 02:52:33 PM

Glad to see this coin slowly start to come alive again.

I don't like the difficulty jumps; there is still too much swing.

Maybe at a fork down the road we can go to a +/- 1% swing like the other good alt-coins.

The difficulty jumps and changes are so fucking awesome. Seriously. I like how it fucks over the Multipools. Mine pools are the reason coins like Leaf and Moon get fucked over and freeze up the market to big time lows (apart from whale manipulation doing that). It seems Spots was on to something really good with it and miners who really care about the coin and investors like myself don't get fucked over as much. It seems to work similar as Gravity Well that those coins want to add in order to resist the Multipools

Yeah. I trust Spots will keep doing what he was doing and I hope I'm buying in low for a nice ride to da moon.

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

When we re open sales it will only be payable with Spots

ckoeber

member

Activity: 182

Merit: 10

Glad to see this coin slowly start to come alive again.

I don't like the difficulty jumps; there is still too much swing.

Maybe at a fork down the road we can go to a +/- 1% swing like the other good alt-coins.

DRobert

member

Activity: 98

Merit: 10

Let me be clear. People need to buy low and sell high. If they buy higher, they should intend to use the currency for something such as buying gold and silver. It is unfortunate that people buy higher and then the currency drops a lot. I would be pissed too and might cash out if I was in that situation, but if I really believed in the coin, I would hold on to it and wait for a rebound.

I remember when I bought in to dogecoin when it was 144 satoshis, then it went down to 30. I held and just did trading and gained coin, but then I cashed out and went in for 42 Coin because it looked really promising at first, and then missed out on the Wolong rise. So you never know what could happen. Personally, I'd just hold on to the coin right now.

What I like is how I pumped up the coin and, although someone tried to take a dump and bring it back down to 1800 or less, it rose back to where I pumped it up to, and even reached higher. This, to me, gives me confidence that I was right in pumping it up. So, hopefully people see this and bring some more btc into it for the longer term (5000 satoshis or even as high as 1000 satoshis or more). Then you weak hands and cry babies can get out and us people can stay in Wink

DRobert

member

Activity: 98

Merit: 10

I noted your comments and deleted sensitive information.

Anyway, I moved the market to where it is now, and I am confident it will continue to climb to 3000 and beyond. Trade volume has increase from 0.6 on Cryptsy to nearly 3btc, and it continues to climb.

What is important is the dev has a website to trade his coin for goods, and gold and silver.

Desten

sr. member

Activity: 357

Merit: 250

First. Cryptsy will not remove autosell feature, because of tons of yelling users. It hurts most of coins, but they do not care.
Second. People are leaving this boat more than arriving. This trade engine is full of bugs/lags/hidden features, that makes hurt to investments. I'd love to show you the "bug-o-feature" when one order is executed not consistently and mixed with other foreign orders then posed later losing the first place, but i don't want to show screenshots, because cryptsy can find orders data and will know my accounts on their exchange. I don't want this.
Third. Bots are killing real trading. Yes. As killing at btc-e/gox.
Fourth. I don't know when your end of day comes. There are 24(*2) timezones..

)
Sixth. *** (deleted)
Seventh. You tell a lot about your actions. This advantage can be taken by those who want to do harm.

Desten

sr. member

Activity: 357

Merit: 250

DRobert, (deleted)
About 50-55% of coins are distributed amongst ordinary holders with low volume. Previously there was a lot more activity and miners. But when exchange added "autosell" function and price started to fall more and more - most miners are out and multipools taken all mining.. There was 6-20 blocks/day....
PS: iGotSpots showed near zero activity and poorly promoted the coin - this also helped falling. And.. at the last there was two occasions when iGotSpots has not fulfilled promises to investors (he failed to approve the payment by contract).

Desten

sr. member

Activity: 357

Merit: 250

Quote from: DRobert on February 20, 2014, 01:00:37 PM

I put up a 0.02 btc buy wall at 2088 to help try to stabalize the price, but it seems that people noticed my posts about not dumping and the volume in SPOTS remains above 1.5btc, and it put confidence into the coin to help stabilize it to around 2200-2300, which is what I intended.

I just returned with my team to work and we placed a little to help you. But no more. Because we have bastard-dumper now. His name is Pasha (if he didn't lied us when he was with our other group). And he is moscow bastard who think only about own money. Rat.

DRobert

member

Activity: 98

Merit: 10

Quote from: Desten on February 20, 2014, 11:49:31 AM

DRobert, you can find how much total population of spots, blockrate and many more information in my earlier posts here.

Thanks. I saw a link about total population, went to read it and my mind went blank. I think it is because I'm tired and been staying up all night and morning reading up on this thread, and watching Spots on Cryptsy. I put up a 0.02 btc buy wall at 2088 to help try to stabalize the price, but it seems that people noticed my posts about not dumping and the volume in SPOTS remains above 1.5btc, and it put confidence into the coin to help stabilize it to around 2200-2300, which is what I intended.

It seems you guys had a lot of drama early on with this coin. It seems the developer being distracted by many projects and people crying out "scam" shook people's confidence in the coin and caused people to panic sell. Weak hands they say.

Desten

sr. member

Activity: 357

Merit: 250

DRobert, you can find how much total population of spots, blockrate and many more information in my earlier posts here.

DRobert

member

Activity: 98

Merit: 10

Not selling anything until price is much higher. At least 0.0001 to 0.0007 satoshis.

DRobert

member

Activity: 98

Merit: 10

Quote from: jlspartz on August 04, 2013, 08:27:07 PM

I wouldn't trade on cryptsy anyway. I don't feel its safe to have money there. Always goes down, and plenty of stories about peoples balances on a specific coin getting zeroed out all on the same day. Attack? Exchange fraud? Who's knows, but I wouldn't have $1 of my money there.

I've been trading on Cryptsy for a while. As long as you have 2 step authentication added where you need your cell phone to receive an activation code, it should be no problem.

DRobert

member

Activity: 98

Merit: 10

Quote from: iGotSpots on February 20, 2014, 10:33:02 AM

I'll be opening gold silver and copper sales back up soon when we catch up on orders

Had too many too fast and instead of increasing the wait time we decided to suspend new sales until we are all caught up

I was skeptical about SPOTS at first and saw it merely as a pump-and-dump, but actually I like your concept and think it has a lot of potential from what I have read so far in that you are a legit business owner who allows people to trade SPOTS for gold and silver. And no pre-mine. And I saw how people thought 0.0007 was cheap. I just had to scoop up some cheap coin while it is still cheap. Hopefully people don't dump from my pump though. I can see how people could buy into this coin, raise the price and then try to put an order in for gold and silver through you.

I have about 1.5btc invested on Cryptsy for SPOTS right now so hopefully the price doesn't go back to where it was before.

This is people selling at 2314 and lower thinking maybe I plan to do a dump, but I plan to hold for a while. Hopefully 2400 will be our new low and it will continue to increase in satoshis gradually.

DRobert

member

Activity: 98

Merit: 10

Quote from: iGotSpots on February 20, 2014, 10:33:02 AM

I'll be opening gold silver and copper sales back up soon when we catch up on orders

Had too many too fast and instead of increasing the wait time we decided to suspend new sales until we are all caught up

Pump is done. Almost 2500. Own nearly 60,000 spots now. Is that a lot?

Topic: [ANN] [SPOT] | SUCCESSFUL FORK COMPLETE - On CoinPayments.net/Cryptsy/Coins-e - page 6. (Read 166083 times)