Topic: [ANN] Sprouts🌱(SPRTS) - Revival Cryptocurrency with Hardfork [PoW/PoS] - page 22. (Read 35106 times)
May 17, 2018, 08:47:24 AM
Here we Go ALL in xD available balance: 115961450.86994000 SHND
May 17, 2018, 01:47:02 AM
Sprouts Will Be Reborn
Sprouts had been released by former development team 3 years before. And the very high Proof-of-Stake reward rate became famous and spreaded its community. However, the value of the currency continued to be diluted during three years. Now it is called dead coin.
In January of 2018, we started an unofficial community of Sprouts in Japan with volunteers who saw a great potential in Sprouts. Even though it was a totally new community, many new holders who feel a massive potential in Sprouts are gathering in our community.
Former Team had seen our community's activity. And expecting us to get Sprouts better, they gave us the rights to administer and develop Sprouts. We are tackling the revival of Sprouts every day.
The number of the people in the community of Sprouts holder in Japan was about 10, but so far we made it over 5600 in this 3 months.
We continue to incorporate new specifications based on Peercoin, and it is under test operation. We have decided our policy on the specification of PoS reward which we plan to change within the hard fork operation. For details please read WP and check. We will decide whether to implement or not after the voting of confidence in the community.
Rather than just being a pain in the ass....I've decided to RE-WRITE the English version of the front page of the Sprouts webpage at https://sprouts-coin.org/en/ ------------------ What you see in italics above is the English version as presented by the Sprouts team to Americans and other English speakers.....to me...it simply reads horribly...indeed...what I'd like is for the Bitcointalk community to choose which version of information you would like to see presented to english speakers. I have tried to include every point made by the new team in easy to understand english...here goes.
(this would be my version of the English webpage)
Sprouts Has Been Reborn
Welcome to the new Sprouts Coin and Community - When a person thinks of sprouts, one often thinks of emergence - much like how the Sprouts Coin is in a new emergence, with a new development community based in the very active crypto community of Japan. Indeed, while the crypto coin Sprouts is not new - and is over 3 years old - the original team who lacked new development skills and vision, has given our team in Japan the rights to administer and develop the Sprouts coin.
We are proud to do so and have grown the Japan community from just 10 individuals to over 5,600 since January of 2018. This unofficial community of Sprouts in Japan began with volunteers who saw a great potential in the usage of Sprouts, despite a very high proof of stake reward rate which has made Sprouts - literally - "the crypto coin with the most supply at over 8 Trillion" giving it a unique potential (which some saw as a burden). You can read in the White Paper how Sprouts has great usage potential because of it's greater numbers.
The new development team will continue to incorporate new specifications for Sprouts based on Peercoin - and it is already under test operation. The new development team will change the specification of the POS reward within the upcoming hard fork operation. Details are in the White Paper.
That's it...I think it reads better...open for improvements.
Sprouts had been released by former development team 3 years before. And the very high Proof-of-Stake reward rate became famous and spreaded its community. However, the value of the currency continued to be diluted during three years. Now it is called dead coin.
In January of 2018, we started an unofficial community of Sprouts in Japan with volunteers who saw a great potential in Sprouts. Even though it was a totally new community, many new holders who feel a massive potential in Sprouts are gathering in our community.
Former Team had seen our community's activity. And expecting us to get Sprouts better, they gave us the rights to administer and develop Sprouts. We are tackling the revival of Sprouts every day.
The number of the people in the community of Sprouts holder in Japan was about 10, but so far we made it over 5600 in this 3 months.
We continue to incorporate new specifications based on Peercoin, and it is under test operation. We have decided our policy on the specification of PoS reward which we plan to change within the hard fork operation. For details please read WP and check. We will decide whether to implement or not after the voting of confidence in the community.
Rather than just being a pain in the ass....I've decided to RE-WRITE the English version of the front page of the Sprouts webpage at https://sprouts-coin.org/en/ ------------------ What you see in italics above is the English version as presented by the Sprouts team to Americans and other English speakers.....to me...it simply reads horribly...indeed...what I'd like is for the Bitcointalk community to choose which version of information you would like to see presented to english speakers. I have tried to include every point made by the new team in easy to understand english...here goes.
(this would be my version of the English webpage)
Sprouts Has Been Reborn
Welcome to the new Sprouts Coin and Community - When a person thinks of sprouts, one often thinks of emergence - much like how the Sprouts Coin is in a new emergence, with a new development community based in the very active crypto community of Japan. Indeed, while the crypto coin Sprouts is not new - and is over 3 years old - the original team who lacked new development skills and vision, has given our team in Japan the rights to administer and develop the Sprouts coin.
We are proud to do so and have grown the Japan community from just 10 individuals to over 5,600 since January of 2018. This unofficial community of Sprouts in Japan began with volunteers who saw a great potential in the usage of Sprouts, despite a very high proof of stake reward rate which has made Sprouts - literally - "the crypto coin with the most supply at over 8 Trillion" giving it a unique potential (which some saw as a burden). You can read in the White Paper how Sprouts has great usage potential because of it's greater numbers.
The new development team will continue to incorporate new specifications for Sprouts based on Peercoin - and it is already under test operation. The new development team will change the specification of the POS reward within the upcoming hard fork operation. Details are in the White Paper.
That's it...I think it reads better...open for improvements.
That reads a whole lot better than whats posted! Excellent JoB!!!
The Cryptomann
May 16, 2018, 11:38:57 PM
Increase % fee per transaction ( like 0.01%, 1M will cost 100 sprts fee ). The current 0.01 - 0.02 fee is way too low.
May 16, 2018, 11:02:20 PM
You need to burn coin. Yes but how? 
In the WP, I only see that the dev team mentions about the fee in the Discord. It will only get burning when someone make a rain. But can you reach the 0.9 billion sprouts fee / a day with the Discord rain alone? The fee of the wallet usage should be increase, the current fee is too low.
And the price of sprouts at Aug 10th,2017 was wrong. I think it's near equal the price now. The reason is the coinmarketcap didn't exclude the btc/sprouts price at that time.
In the WP, I only see that the dev team mentions about the fee in the Discord. It will only get burning when someone make a rain. But can you reach the 0.9 billion sprouts fee / a day with the Discord rain alone? The fee of the wallet usage should be increase, the current fee is too low.And the price of sprouts at Aug 10th,2017 was wrong. I think it's near equal the price now. The reason is the coinmarketcap didn't exclude the btc/sprouts price at that time.
Yes I agree, there needs to be more active ways of burning than just the Discord rain function fee but what do you propose to do so?
May 16, 2018, 10:03:52 PM
You need to burn coin. Yes but how? In the WP, I only see that the dev team mentions about the fee in the Discord. It will only get burning when someone make a rain. But can you reach the 0.9 billion sprouts fee / a day with the Discord rain alone? The fee of the wallet usage should be increase, the current fee is too low.
And the price of sprouts at Aug 10th,2017 was wrong. I think it's near equal the price now. The reason is the coinmarketcap didn't exclude the btc/sprouts price at that time.
In the WP, I only see that the dev team mentions about the fee in the Discord. It will only get burning when someone make a rain. But can you reach the 0.9 billion sprouts fee / a day with the Discord rain alone? The fee of the wallet usage should be increase, the current fee is too low.And the price of sprouts at Aug 10th,2017 was wrong. I think it's near equal the price now. The reason is the coinmarketcap didn't exclude the btc/sprouts price at that time.
May 16, 2018, 09:30:31 PM
And yes I agree the burn rate needs to be much much higher to get the price jumstarted and once the price starts coming back to life more people will join in to ride the train and that’s when the price really starts to get rolling
May 16, 2018, 09:20:32 PM
And does anyone know if we will be able to buy and sell sprouts with more than just doge coin?? The market movement for both sprouts and doge coin is so small we need more options for sprouts to really take off
The daily transaction volume on coinmarketcap is 14-32k usd a day. That's a lot.
I don't know where these new users are coming from but hopefully they can pull it off. I still say they should accelerate sprouts burning because if we have to do a swap down the line, it's over for us.
The 24hr volume needs to be I the 10-50 million USD range and if you check the discord app the dev team answers questions and there is a lot of sprouts community members to talk to as well it’s another great spot to get info and share ideas
May 16, 2018, 09:13:56 PM
And does anyone know if we will be able to buy and sell sprouts with more than just doge coin?? The market movement for both sprouts and doge coin is so small we need more options for sprouts to really take off
The key word is communication my friend !
More the people will know about it more it will rise
May 16, 2018, 07:02:36 PM
And does anyone know if we will be able to buy and sell sprouts with more than just doge coin?? The market movement for both sprouts and doge coin is so small we need more options for sprouts to really take off
May 16, 2018, 03:16:34 PM
I am a big supporter and just last night bought another 100M Sprouts
I really like to hear More news aboute the swap and aboute the new direction the coin takes.
I really like to hear More news aboute the swap and aboute the new direction the coin takes.
https://sprouts-coin.org/en/
here is a link to the sprouts community page and has the white paper link if you haven't already seen them hope you enjoy!
May 16, 2018, 02:47:21 PM
I am a big supporter and just last night bought another 100M Sprouts
I really like to hear More news aboute the swap and aboute the new direction the coin takes.
I really like to hear More news aboute the swap and aboute the new direction the coin takes.
May 16, 2018, 11:24:33 AM
You definitely have the right idea to boost the sprouts coin price just hope the dev team can see what you and make t happen, the white paper looks like they have a plan of attack to lower the supply but would like to see a fast burn rate to get a long awaited boost in the coin price we all want to see especially for those who hold large amounts but for the whole community as well, the dev team can make this happen and they want to make it happen just need to follow the plan they have and make improvements where they are needed (burn rate) and we will get those prices we all need!
May 16, 2018, 10:55:28 AM
Anyone willing to sell me 0.005BTC worth of SPRTS ?
May 16, 2018, 10:54:39 AM
Block time limits creation, that's why. We're going to be minting a lot less money. So we'll see how high the sprouts price goes. But I doubt it'll go beyond 30k satoshis of a dogecoin. It's going to take a lot of burnt sprouts to break high prices again, which is very doable based on what I read on the white paper.
I would also suggest that instead of burning 0.9 billion sprouts a day, you increase the burn to go beyond that to start actively removing the supply of sprouts. This will force prices to go up, which i assume is what everyone wants. If you achieve equal amounts of minting/burning, then the price stays the same at whatever point it will be in the future.
So maybe set the burn rate to like 2 billion a day (assuming the daily minting of sprouts is 165,000 sprouts per block or whatever the final 8 month apr will be). That's probably enough. Once sprouts is burned away you can reduce the daily burn rate. Easy.
I would also suggest that instead of burning 0.9 billion sprouts a day, you increase the burn to go beyond that to start actively removing the supply of sprouts. This will force prices to go up, which i assume is what everyone wants. If you achieve equal amounts of minting/burning, then the price stays the same at whatever point it will be in the future.
So maybe set the burn rate to like 2 billion a day (assuming the daily minting of sprouts is 165,000 sprouts per block or whatever the final 8 month apr will be). That's probably enough. Once sprouts is burned away you can reduce the daily burn rate. Easy.
They added 5 thousand new users in 3 months and have plans to add 20 thousand.
Hopefully in six months we will have 15 thousand users ! and twenty by the end of the year. There calculating a demand for 20 thousand wallets with an average hundred dollars worth of a Sprouts in each wallet at the current price of sprouts that's a demand of 4.7 trillion sprouts . I doubt at the lower stake rate people will be selling there sprouts so easy. Buyers may not be able to get there hands sprouts so easy pushing prices higher.
They will pay because it still offers a super good APR !!!
May 16, 2018, 10:33:45 AM
You completely validate everything I thought would possibly happen. Also, why don't you mention the price of zeitcoin before the ultra low apr was activated?
Hard fork for zeit didn't increase the price much but now people earn a lot less. Everyone loses.
The good news the new sprouts team figured that out and will find more ways to burn sprouts to reduce supply over time but based on zeitcoin's history (which doesn't even have that much coin supply compared to sprouts) that will only soften the blow.
Forgive this intrusion into your forum, but since zeitcoin was mention I feel the need to correct an erroneous statement.
Zeitcoin activated the Ultra Low Inflation on Aug 11, 2017 (Less than 500 new coins per day)
our price on Aug 11th,2017 was US$ .000070
our peak price on Jan 9th,2018 was US$ .000674
Our price today on May 16th, 2018 is US$ .000084 (which is still higher than the august 11th price)
What the ULI has done for ZEIT is decrease the people's ability to just mint and dump and never sell their principle amount.
Those People that dumped on our peak price will never again attain enough coins to dump our price again.
Our price stabilized afterwards , and we maintained multiple markets with multiple coin pairings.
The Next time we skyrocket , those that dump before won't have enough coins to worry about and we will stabilize at a higher price, rinse & repeat until we reach the =$1 .
I just wanted to clear that issue up.
As far as Sprouts go, you have a strong buy support in your community, but even that can not sustain a continuous market where you have users constantly selling their stakes and just cashing out.
When I spoke with Kiklo about high interest & inflation, he explained it like this:
The reason banks were able to pay out 5% savings accounts or more in the past was simple, they were loaning that money out at credit card interest rates of 20% and higher.
So the Banks collect 20% pay you 5% and keep 15% , and they can do this because the people are using the credit cards.
Now apply that to Proof of stake coins, the coin pays 50% , new users come in and buy it up for a short time canceling out that 50% increase, but once they accrue enough they stop buying. Then you have an oversupply that causes a continuous downward spiral in price.
As the price spirals down you lose market pairings , 1st BTC, then LTC , and only Doge is left, you have decreased your markets instead of increasing your markets.
#1 rule of growing a coin is you want as many markets as possible with as many different pairs as possible.
So unless Sprouts offers something that can match the high interest it pays, then eventually you lose all markets as everyone has so many, there is no need to buy any.
In Comparison
Sprouts Maintain a high interest rate since Aug 10, 2017
Sprouts price on Aug 10th,2017 was US$ .000004
Sprouts peak price on Jan 7th,2018 was US$ .000032
Sprouts price today on May 16th, 2018 is US$ .000000474
Only 1 usable market with a doge pairing.
Sorry for the interruption , and if anyone wants to talk about Ultra low inflation verses High, feel free to PM me.
Good Luck with Sprouts, wish you guys the best.
Hard fork for zeit didn't increase the price much but now people earn a lot less. Everyone loses.
The good news the new sprouts team figured that out and will find more ways to burn sprouts to reduce supply over time but based on zeitcoin's history (which doesn't even have that much coin supply compared to sprouts) that will only soften the blow.
I might be steering towards this camp now. So far coinexchange price has not increased.
Zeitcoin did not increase in price as the research shows and they lowered the apr.
Zeitcoin did not increase in price as the research shows and they lowered the apr.
Forgive this intrusion into your forum, but since zeitcoin was mention I feel the need to correct an erroneous statement.
Zeitcoin activated the Ultra Low Inflation on Aug 11, 2017 (Less than 500 new coins per day)
our price on Aug 11th,2017 was US$ .000070
our peak price on Jan 9th,2018 was US$ .000674
Our price today on May 16th, 2018 is US$ .000084 (which is still higher than the august 11th price)
What the ULI has done for ZEIT is decrease the people's ability to just mint and dump and never sell their principle amount.
Those People that dumped on our peak price will never again attain enough coins to dump our price again.
Our price stabilized afterwards , and we maintained multiple markets with multiple coin pairings.
The Next time we skyrocket , those that dump before won't have enough coins to worry about and we will stabilize at a higher price, rinse & repeat until we reach the =$1 .
I just wanted to clear that issue up.
As far as Sprouts go, you have a strong buy support in your community, but even that can not sustain a continuous market where you have users constantly selling their stakes and just cashing out.
When I spoke with Kiklo about high interest & inflation, he explained it like this:
The reason banks were able to pay out 5% savings accounts or more in the past was simple, they were loaning that money out at credit card interest rates of 20% and higher.
So the Banks collect 20% pay you 5% and keep 15% , and they can do this because the people are using the credit cards.
Now apply that to Proof of stake coins, the coin pays 50% , new users come in and buy it up for a short time canceling out that 50% increase, but once they accrue enough they stop buying. Then you have an oversupply that causes a continuous downward spiral in price.
As the price spirals down you lose market pairings , 1st BTC, then LTC , and only Doge is left, you have decreased your markets instead of increasing your markets.
#1 rule of growing a coin is you want as many markets as possible with as many different pairs as possible.
So unless Sprouts offers something that can match the high interest it pays, then eventually you lose all markets as everyone has so many, there is no need to buy any.
In Comparison
Sprouts Maintain a high interest rate since Aug 10, 2017
Sprouts price on Aug 10th,2017 was US$ .000004
Sprouts peak price on Jan 7th,2018 was US$ .000032
Sprouts price today on May 16th, 2018 is US$ .000000474
Only 1 usable market with a doge pairing.
Sorry for the interruption , and if anyone wants to talk about Ultra low inflation verses High, feel free to PM me.
Good Luck with Sprouts, wish you guys the best.
Balistar. Sprouts is not cutting the APR to the point that people can't stake millions ! a day or week. The coin you talk about cut the stake down to thousands. You will still be able to stake huge amounts of sprouts. Even open multiple wallets. It will be much harder for people to grow there stake beyond a certain point like hundreds of billions. And why would any one want grow there stake beyond hundreds of billions if it will be worthless.
People will be staking in the millions per day and week ! But not billions a day !
May 16, 2018, 03:47:04 AM
Hi guys, I've downloaded the new wallet, but it won't sync up, can anyone help me?
Thanks
Thanks
Make sure you give it the appropriate internet settings it needs to connect to the Internet too sync.
Hey Megumi, do I need to get nodes into a config file? I'm connected to internet all my other wallets work fine, but this one won't sync up. I'm missing something.
Here we go throw this lot in your conf file
Code:
addnode=1.21.146.177
addnode=100.0.34.238
addnode=103.58.149.137
addnode=106.139.14.176
addnode=106.139.3.23
addnode=106.154.55.36
addnode=106.158.62.14
addnode=106.159.80.85
addnode=106.161.101.71
addnode=106.163.83.236
addnode=106.167.44.225
addnode=106.245.165.213
addnode=106.72.147.160
addnode=111.101.184.33
addnode=111.117.100.184
addnode=111.169.162.88
addnode=111.239.157.108
addnode=111.239.177.106
addnode=111.239.179.192
addnode=111.239.181.80
addnode=111.239.227.46
addnode=112.169.109.49
addnode=112.70.21.76
addnode=112.71.175.133
addnode=113.150.186.64
addnode=113.197.243.214
addnode=114.156.92.54
addnode=114.161.212.219
addnode=114.190.114.160
addnode=114.69.114.253
addnode=116.127.17.20
addnode=116.220.170.69
addnode=116.64.129.239
addnode=118.110.242.120
addnode=118.110.78.96
addnode=118.154.104.218
addnode=118.240.44.117
addnode=118.243.122.60
addnode=118.8.94.229
addnode=119.104.41.109
addnode=119.240.204.209
addnode=119.244.56.214
addnode=119.245.83.205
addnode=121.210.0.14
addnode=121.82.177.68
addnode=121.86.42.41
addnode=121.99.224.156
addnode=122.103.209.73
addnode=122.133.247.246
addnode=123.1.61.9
addnode=123.224.2.69
addnode=124.159.164.78
addnode=124.215.130.191
addnode=125.14.101.114
addnode=125.14.26.17
addnode=125.178.139.110
addnode=125.205.252.110
addnode=126.141.238.194
addnode=126.169.111.140
addnode=126.184.20.87
addnode=126.219.56.88
addnode=126.60.45.132
addnode=126.85.247.254
addnode=126.87.126.210
addnode=126.90.85.174
addnode=13.58.252.244
addnode=13.58.81.204
addnode=131.147.42.126
addnode=133.201.134.97
addnode=133.202.68.98
addnode=133.205.190.124
addnode=133.218.158.181
addnode=14.10.59.192
addnode=14.11.5.128
addnode=14.37.184.82
addnode=150.147.123.222
addnode=150.249.191.171
addnode=153.135.14.132
addnode=153.142.116.219
addnode=153.156.45.229
addnode=153.176.243.56
addnode=153.183.7.49
addnode=153.189.73.64
addnode=153.195.86.132
addnode=153.205.95.107
addnode=153.232.184.239
addnode=153.232.44.131
addnode=154.127.52.105
addnode=157.14.162.139
addnode=157.65.33.107
addnode=157.7.198.152
addnode=174.134.50.199
addnode=175.111.92.21
addnode=177.139.194.98
addnode=178.202.6.35
addnode=180.23.151.11
addnode=180.235.55.94
addnode=180.44.181.253
addnode=180.54.52.218
addnode=184.88.228.255
addnode=185.194.143.72
addnode=185.209.23.14
addnode=185.219.81.254
addnode=188.97.224.247
addnode=195.192.229.25
addnode=2.25.36.93
addnode=201.17.157.231
addnode=202.183.247.106
addnode=203.170.145.193
addnode=203.211.245.237
addnode=210.136.182.26
addnode=210.139.87.215
addnode=210.142.92.49
addnode=211.109.112.189
addnode=216.196.184.162
addnode=217.101.76.27
addnode=218.216.203.29
addnode=218.221.211.174
addnode=218.226.141.253
addnode=218.229.81.81
addnode=218.41.186.169
addnode=219.110.63.11
addnode=219.121.63.103
addnode=219.122.253.58
addnode=219.126.210.27
addnode=220.145.30.3
addnode=220.147.43.70
addnode=221.154.208.164
addnode=223.216.8.163
addnode=23.123.27.38
addnode=24.11.45.99
addnode=27.254.140.101
addnode=27.81.185.147
addnode=34.207.148.178
addnode=35.196.189.77
addnode=35.201.129.135
addnode=37.212.153.20
addnode=39.110.103.199
addnode=39.110.111.182
addnode=39.110.184.87
addnode=39.111.21.234
addnode=46.175.218.5
addnode=49.240.251.22
addnode=49.251.166.118
addnode=52.14.121.123
addnode=52.207.144.21
addnode=52.47.194.137
addnode=58.183.144.135
addnode=58.95.7.246
addnode=59.29.234.133
addnode=60.114.213.236
addnode=60.129.61.191
addnode=60.130.193.208
addnode=60.135.141.254
addnode=60.51.116.18
addnode=60.86.196.215
addnode=61.113.65.108
addnode=61.121.217.66
addnode=61.89.232.232
addnode=65.33.154.191
addnode=67.61.242.135
addnode=68.195.28.248
addnode=68.35.215.157
addnode=73.75.142.143
addnode=74.64.38.208
addnode=77.160.23.113
addnode=80.145.33.186
addnode=80.208.228.55
addnode=84.50.52.174
addnode=85.238.96.242
addnode=88.201.153.51
addnode=94.199.25.18
addnode=96.33.35.180
addnode=98.117.3.97
addnode=111.103.8.59
addnode=114.191.186.4
addnode=118.243.125.103
addnode=119.82.162.45
addnode=126.209.224.170
addnode=126.80.113.244
addnode=160.176.66.23
addnode=98.212.122.215
addnode=177.0.123.220
addnode=179.216.198.120
addnode=131.129.202.64
addnode=118.105.150.207
May 16, 2018, 03:40:51 AM
As I said , 25% chance of dumping. The real risk to me is the swap. That just destroys all my effort, investment, and money. Not to mention I'd consider it fraud but there's no one to sue.
So far it seems swap is a distant possibility, for now. But the current price of sprouts isn't encouraging either.
So far it seems swap is a distant possibility, for now. But the current price of sprouts isn't encouraging either.
So why not pick up and run with the original SPRTS ?
Hard forks and swaps can only work if people want to swap chains and swap their coins.
I will be happy to help out and keep the original chain alive
TT
May 16, 2018, 03:01:18 AM
I might be steering towards this camp now. So far coinexchange price has not increased.
Zeitcoin did not increase in price as the research shows and they lowered the apr.
Zeitcoin did not increase in price as the research shows and they lowered the apr.
Forgive this intrusion into your forum, but since zeitcoin was mention I feel the need to correct an erroneous statement.
Zeitcoin activated the Ultra Low Inflation on Aug 11, 2017 (Less than 500 new coins per day)
our price on Aug 11th,2017 was US$ .000070
our peak price on Jan 9th,2018 was US$ .000674
Our price today on May 16th, 2018 is US$ .000084 (which is still higher than the august 11th price)
What the ULI has done for ZEIT is decrease the people's ability to just mint and dump and never sell their principle amount.
Those People that dumped on our peak price will never again attain enough coins to dump our price again.
Our price stabilized afterwards , and we maintained multiple markets with multiple coin pairings.
The Next time we skyrocket , those that dump before won't have enough coins to worry about and we will stabilize at a higher price, rinse & repeat until we reach the =$1 .
I just wanted to clear that issue up.
As far as Sprouts go, you have a strong buy support in your community, but even that can not sustain a continuous market where you have users constantly selling their stakes and just cashing out.
When I spoke with Kiklo about high interest & inflation, he explained it like this:
The reason banks were able to pay out 5% savings accounts or more in the past was simple, they were loaning that money out at credit card interest rates of 20% and higher.
So the Banks collect 20% pay you 5% and keep 15% , and they can do this because the people are using the credit cards.
Now apply that to Proof of stake coins, the coin pays 50% , new users come in and buy it up for a short time canceling out that 50% increase, but once they accrue enough they stop buying. Then you have an oversupply that causes a continuous downward spiral in price.
As the price spirals down you lose market pairings , 1st BTC, then LTC , and only Doge is left, you have decreased your markets instead of increasing your markets.
#1 rule of growing a coin is you want as many markets as possible with as many different pairs as possible.
So unless Sprouts offers something that can match the high interest it pays, then eventually you lose all markets as everyone has so many, there is no need to buy any.
In Comparison
Sprouts Maintain a high interest rate since Aug 10, 2017
Sprouts price on Aug 10th,2017 was US$ .000004
Sprouts peak price on Jan 7th,2018 was US$ .000032
Sprouts price today on May 16th, 2018 is US$ .000000474
Only 1 usable market with a doge pairing.
Sorry for the interruption , and if anyone wants to talk about Ultra low inflation verses High, feel free to PM me.
Good Luck with Sprouts, wish you guys the best.
May 15, 2018, 04:01:05 PM
Has no one went to the English version of the website? It's impossible to read IMO and will NOT get dollars from American investors with the Google Translation of the Japan Website. In an earlier post I re-wrote the webpage in real English...can someone please comment so that those with their first language as Japanese don't think the English version is okay...it's not.
May 15, 2018, 03:58:23 PM
Wouldn't they just reduce the stake into smaller lots and still dump.
or even just dump the lot and kill the coin,
not sure if what you are proposing will work but who knows will just have to wait and see.
or even just dump the lot and kill the coin,
not sure if what you are proposing will work but who knows will just have to wait and see.
They wouldn't be able too they would have to make thousands of wallets ... I don't thinks it would be possible
after a six months. To reduce the stake into smaller lots you would need to run thousands of wallets to beat the
Apr cap. And then make thousands of newer wallets expenotially !
Why would anyone dump the coin. When they own the majority of coins in to the far future.
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