Topic: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation - page 17. (Read 271644 times)

These boards can be a bit frustrating. Much too much lowest common denominator thinking, baseless assumptions and truisms offered as insight. Or maybe you were just being sarcastic.

The problem is the market is flooded with coins.There's great supply but absolutely no demand(No one wants to buy from the left side, they just put up buy order at lower price and waiting the dump.

In 3 month there will be 2 times more coins then it is now, what will happen to the price then if it now 130sat ?, even if demand will increase I doubt that we can pass 1000 sat again with this specs.

I, for one, would have never bought at 1000 or even at 500 sat if I knew that there will be 670m coins(It's my fault I know), how innovative the coin is.
Can anyone name a coin with this specs and the price held over 2 month above 100sat except of course Hirocoin?
The true price for this coin is no more then 80sat at this specs, in my humble opinion.
The price may stabilize when it will be no longer profitable for multipools to mine and dump, but when that time comes I think it will be to late to recover the price.

Regards


I second that. Let the community decide (Of course if it is the community's coin).

The only protection from multipools is a coin that does NOT decay exponentially in "reward", as more miners jump onto it. It does need to decay, but not exponentially with the exponential miners that it attracts.

The only other way around that, is to BUY what they DUMP. Since they are mining at a loss, it is a gain for you to buy them, as opposed to mining them. Multipools still have that illusion that they are "gaining", when the reality is, they are creating their own losses that they actually have. Takes people a while to realize they are losing in a multipool, except the few lazy ones who are just too stupid to realize they are being used.

P.S. No "dev" owns a coin. They may be the only ones releasing versions, but if it has no followers, and another dev releases a new version that has more followers, guess which dev-team will die-off. The one that stopped listening to the ones holding the coin, who are the "owners of the coin".

It doesn't matter who develops it. It only matters who uses it. Since devs are not the primary users, (if they are, then it is the devs coin), it is not the devs coin.

You think the devs will be around in 100 years, or 50... No, just like bitcoin and litecoin has had many many many devs. No-one owns bitcoin or litecoin.

That being said... You want this coin to go up in value, just buy some. Every coin you buy, lower than your highest coin, lowers your average that you paid. Eventually, at some point, you will have an average low enough to sell for a more reasonable price. Especially now that bitcoins is on a hike to $6000+ You get exponential rewards, if you do it right. There is no reason why Hiro can't be equally as valuable as DRK. (Not the same coin-value, as the rewards and coin-volumes are not the same.)

P.P.S. You don't buy coins at the top, to sell at the bottom... You buy coins in BULK at the bottom, to sell in BULK at the top. (Take a guess where Hiro is now, top or bottom? Hint: it's not at the top!)

Omar,

You seem to be missing the point. The modifications I proposed at least (1/2 reward + POS) are not to artificially inflate but to prevent artificial deflation through multipool dumping. Defend the coin in some way. This is the whole point behind your own multipool -  provide buying support to counteract dumping. Is it not? I for one don't like the trend of multipool cannibalization. I would have thought Hiro would have avoided it as well. New smart coins will now all be POS with limited POW (or none at all). No problem if you disagree, as long as you see clearly the intention. Are there any other ideas to defend the coin?

Thanks for your response, Omar. If there was a permanent sure fix to the current landscape, I'm sure you guys would have put it in place yesterday. Every idea has its upside and downside, but the point is that staying the course ain't working. I think we can all agree on that one fact, even if we don't agree on what the next steps should be.

Are you open to the community voting on how the coin should move forward? Given your team's willingness to be open and transparent, why not invite all Hirocoin investors, both young and old, to come together as one, and decide as a group what happens next? This is the community's coin, isn't it?

I can understand why investors, especially the early investors, are unhappy as they've seen their investment continue to plummet. My stance on the modification of the block reward and POS implementation is that it should only be done as an absolute last resort. While it may fix the current fall in value, what happens later? We repeat the same thing again? The modification doesn't add anything to the coin other than artificially inflate the value. I can see why Joerii is against it also as it would heavily benefit any current holders of HIRO and make their current share a large percentage of the total supply of HIRO which is against the decentralization concept of cryptocurrencies.

Regarding the HiroPool, I've added an x13 port which should prove to be even more profitable than the x11 port. The previous issues with the x11 port profitability have been solved and we've paid out 200% more HIRO than if mining directly.
576,000

A little interesting market tidbit is that at the current block reward of 400 HIRO and 60s block time, we produce 24000 HIRO an hour and 576,000 HIRO a day. At the current price of roughly 150 satoshi we require only  0.864BTC to buy ALL HIRO produced daily. It really shouldn't take much to get us going in the right direction and this shows that unless multipools are responsible for dumping all HIRO produced daily they aren't of concern.

+1

Nice words, I agree completely

We have one of the best developers of the crypto scene, c'mon he is helping Evan to improve Darkcoin! (best alt ever IMHO)
Hiro must succeed!

Looks like main dev is NOT tending to business..  I'm OUT !!

This is a quote from Hiro's most recent post:

"Right now I am helping Evan Duffield on Darkcoin. We are putting in a solution to secure the blockchain against attacks. It is only going to be a matter of time before X11 coins get the sort of attacks that are common on Scrypt. Hirocoin is secure and we are making sure that Darkcoin is also going to be secure. Once I have finished working on Darkcoin I will be back and plan to implement a in client block explorer. Sounds like a sensible thing to have."

It doesn't sound like there are any plans to share code between currencies from what Hiro wrote. I think people are concerned that while Hirocoin is falling to an all time low, the Hirocoin's main developer is off working on another coin that recently experienced its all time high.

Since Joerii is ignoring my questions from prior posts, I'll state them here again for him and the rest of the Hiro community. We've begrudgingly done things your way for the last few months and the coin has done nothing but suffer. It is weaker and less popular than it has ever been and this is after doing things YOUR way. Isn't it time to let the community decide what is best for the future of hiro or is this coin going to be your legacy as it falls below 100 sat?

You're supposed to be Hirocoin's lead strategy guy. Is what's happening actually a part of your long term strategy, and if so, can you lay out your plan again so we can see when some reprieve is in sight? When people first started to panic, you told us to relax - the coin is too new and people have short-attention spans. You said some new backend features and the new logo will spark things up. They didn't. Then when people panicked again, you said things will be better in the summer as everyone will move from scrypt coins and look for an ideal energy saving coin. Well, it's very warm now and things are worse than before. Then people suggested we change the coin's specs to make the coin more attractive, and you said it's against your ethics to do that. And now, the current price. You may have had a few people follow your ways, but you've probably lost a whole lot more of the community, both miners and investors, because of your 'strategy.' I'm sorry to be calling you out like this man, but this has gone on far enough. You've been the boat captain of this community all this time, the crew is telling you the ship is sinking, yet you continue to tell us, "sail on, my brothers, stay the course!"

Where is the shame in admitting that your way, while valiant, was not right for this coin? As long as you are willing to work with the rest of the community to reset this coin and make it more attractive for current and new miners/investors, I'm sure everyone will overlook the past and focus on moving forward. No more videos, no more design contests, no more focusing dev efforts on another coin or on features that bring no excitement and verve to this coin - can't we all work together, vote on what we want this coin to be, and let the majority decide Hiro's roadmap?

I just heard in darkcoin thread that main developer of Hirocoin is working in the future development of Darkcoin. It was just confirmed by Evan (main dev. of Darkcoin)
How this will affect Hirocoin? Can we share code between currencies? There will be some common marketing or partnership relationship?

If the answer it's a yes, I think this will be great news for Hirocoin. Darkcoin is the most innovative currency out there, not only related to anonymity. And main developer of Hirocoin is one of the good ones of the scene.

I think Hirocoin can be the future silver of Darkcoin gold 

ok, this is the single best quote i've read on the internet.

*slow clap*

also, OLIVIA CHOW WOT WOT

I think ideas like this should be put to a vote so that the community can weigh in.

Others have suggested reducing the # of total coins - not everyone is a fan of this idea for various reasons, but it's another attempt to generate greater interest in Hirocoin, so why not put this to a vote?

Both of these ideas were kiboshed by Joerii, so my question to him still stands. Is this Joerii's personal coin or can the community have a say in the future of Hirocoin? Bitcointalk allows for polls to be taken - why not leverage that and learn what the community wants? You never know, Joerii - maybe the majority of the community agrees with you and disagrees with me, so let's find out.

Yes it's FUD (FEAR UNCERTAINTY & DOUBT) which is entirely warranted.  That trade volume is FPGA farms dumping.  When it falls further even those trades will disappear.  The more worthless the coin is the less valuable those trades become to the exchanges as one half of their fees on the trade are in HIRO coin - which amounts to a whole heap of nothing.  Once it's truly over I doubt the devs will give you anything for your misplaced loyalty in them.

Like King Canute stopping the tide.  Or Marie Antoinette when the peasants were revolting.

How does a coin protect itself from multipools then? Hope for a new hot coin to draw away some heat?  Xc just came online but went quickly to POS. That may be the new trend for new X11 coins, if they are paying attention.

The Dev seems opposed to any changes.

I don't see why Hiro needs to shift anything. Just because the elements haven't aligned to destroy the moon yet doesn't mean that it needs to do backflips for bagels.

Pure FUD. Hiro has a higher trading volume than over 20 coins on Mintpal, so no danger of de-listing. Hiro needs to add value in some way to make pure dumping by multipools a bit harder.

I'm all for staying the course, but would the devs consider keeping the same number of coins yet:

-change the block reward to say half
-compensate for the lost reward by adding a proof of stake with a decent interest

This would maintain number of coins and provide a bit of protection from multipools.

Is this possible to consider?

 

You're right hiro is dead which means it's time to raise from the Ashes like a foenix!

 

The coin is dead now for sure.  The developers won't listen to reason and it is obvious HIRO is just a vanity project for them. 

Obviously their time and probably money is invested in #DRK and this coin is just for them to do as they please. 

Well the price is under 200 Satoshi now (160 as I speak). 

Soon it will go to a LTC only market on Mintpal and most likely Bittrex will just close their HIRO maret.  The other exchanges will follow them.  After that there will be no way to resurrect it. 

These days there are plenty of other X11 clones and even the worst shitcoin seems to have more responsive, community oriented developers.  Any coin that doesn't dies very quickly now (unlike the earlier days of crypto).  People have also realised that there is no value in a coin that has a huge supply/coin number/reward without anything else to back it up.  There is no innovation here at all and any criticism is either removed, ignored or described as "unethical".

I mined from the beginning but have stopped because of the lack of real developer support and the inability of them to listen.  This was the last chance for them - many others have left before me and even I (sucker that I am) have my limit. 

Sure it may still be profitable for a little for FPGA farms to mine HIRO for a little while due to their increased energy efficiency but that will not last. 

It's sad.  This coin had potential but it seems it was only ever FALSE.  I won't be supporting anything that these developers do again and I will let everyone know that they are the inconsiderate narcissists right who caused me and many others to lose money through HIRO and their false promises.

Maybe the community can't force the DEVs to change but we always have the right to walk away and tell everyone how you treated your own supporters, the people you needed to keep on side, like shit.

HIRO is DEAD - RIP - at least it was "ethical" for the developers.

Okay, I understand you don't want to change the coin's initial model. I get that this is your standpoint. You've made it clear that you won't stand for it. But is this YOUR coin? I thought this was the community's coin. What you say and what you do are at odds on this, and it's really frustrating that you speak on behalf of the coin as if it's yours to do with what you think is right. What say does the community have? Apparently if we don't agree with you, not a whole lot. You talk about transparency and openness and collaboration and how these qualities make Hiro so great, but if an idea doesn't jibe with your vision, then it gets the boot. You've said the price of Hiro is not the Hiro team's responsibility, but if you don't allow for the community to influence the coin's future, then whose responsibility is it? It's your right to judge my suggestions, but it's also the community's right to say - something is very wrong, you're at the helm, why are you digging your heels in?

If this coin belongs to you and is about you, then none of us should bother posting anymore. If you're the king of this castle, then okay, we'll go away. But don't tell us it's the community's strength and commitment that determines the success of this coin, cuz you don't let us influence squat unless it just happens to be okay with you. If this is truly the community's coin, why not put it to a vote? You may not want to change anything about the coin, but what if the majority of the community does? Why don't we find out? Does anyone out there agree with me? Hiro? Omar? Anyone from the community? I'm happy to go along with the community's needs and wants...are you, Joerii?