Topic: [ANN][CON] PayCon™ HI POS | LiteStake | Multisend | TOR | Android - page 108. (Read 179167 times)

Yeah but pump groups first need to acquire a large portion of the Coin in order to dump even harder. There is only 4% available for sale, the way it is now 1 BTC would pump it past 1700 and then all holders are making ROI anyways so it wouldn't matter. Proof of Stake rewards are the same no matter the size of the network so that would just mean more rewards for everyone else as those Coins need to split again in order to gain reward.

Means instead of creating our own exchange with a so-called floor price as XPY people did and f**ked everyone, we should all just decide a price and all should put our buys at that rate only so that it may not get dumped, right?
If it's that, then I second you and I won't mind to help you guys out in such cases... But the only thing we need to take care of will be, we should also remember that there are many big pump groups too who may still buy with us and then just sell off harder to damage the reputation of the coin...

That's actually a good idea, I don't think it would cost that much to have a basic exchange made, I even know a guy that has the skill to make one. If someone was interested in something like this I could put you in touch with him.

By the way PayCon Stakes, it awards the highest to large, actively Staking people on the network. The rewards of PayCon was an accident, it was never supposed to be 30 Coins per Block statically, only as a top end reward. I thought it was interesting for a Proof of Stake Coin to have a static, high yield reward (30 Coins per Block) so I wanted to see how it would work out and have come to the conclusion that possibly all Proof of Stake Coins should reward in this way and may possibly close a lot of attack vectors because of the way it Stakes and the high Stake percentage on the network.

It works well for the market because you need to have some sell pressure from holders in order to distribute the Coin but not so much that it collapses the price and never makes it ok to hold some Coins on the exchange for sale. It has no Proof of Work which means all profits come directly from the holders except that there is a hard limit on what can be sold in a day (43k a day if the entire network were selling generated Coins).

It would work well for profit (15 mil new Coins a year) and Fee generation goes into Stake as well so would be good to have Fiat integration as a for-profit venture but I think the Coin itself needs some more time to be worked on.

I have been thinking about a change to the Fees and how it would affect the long-term price and fluidity with a higher minimum Fee, having a higher Fee would make it more expensive to send Coins but Stake rewards would also be higher as activity picks up on the network. This has been going fantastic so far so I think we should focus on making the Coin work for us, if we have Fiat integration so soon, it may make it harder to make changes to the protocol and might grow too big, too fast.

However, we should push boundaries wherever we can.

Setup your own exchange, with a $20 floor price. Oh wait, somebody already did that, for 4 minutes, with another coin. It didn't work so well.
Maybe a similar thing, with a more reasonable floor price, closer to the BTC equivalent of market value.  However, running an exchange for fiat currency often involves government regulation, depending on the country it is established in.  
Probably would be less of a headache to just set a huge buy wall in BTC, on each exchange that it's listed. Then slowly move it upwards, as needed. I'd do it, but I became a gambling addict, and lost almost all my BTC on  http://cryptohalve.com/

Paycon looks to be the hottest Crypto coin out there right now. Paycon to the MOON!  

That video was awesome too, I hope to see more in the future!

so lets say that i can back CON with FIAT money from the profit on my company .. interesting thought

I see a lot of bogus claims in other coins that are backed by this or that all make believe.. if i was to put up actual profit dollars to maintain the stability of the coin how would i go bout doing that ? ,now I am not doing this for charity !! however i believe that having some FIAT backing would increase the intrinsic value of this great coin .

suggestions??

check ur wallet
dgore(227910)
gsm(2288)
kobo(11348)
maybe someday those(price) coin will raise(just maybe)

Yeah that sounds great! any bit helps, I really appreciate it

DGore oa2huqL37fDuW5QhZTAHX1m4rG8uVf1Qsi
GSM  GaUaPgW3Gt616owSZ8gZTn9iML7FU3W17N
KOBO FJze5fzWoKrcNs4UgXmWfvs3VtV5o9mxwT

hai dev i can send u some kobo & gsm & dgore
please address

wow too funny paycon! lol! 

Re-uploaded the video as http://youtu.be/as3JtktDQgw so that it's in 1080p quality, added better tags and changed the link in the OP.

lol, the thing I find funny is that all these Coins try to be professional but professionalism limits development. Just let anyone add anything they want and make it exciting because the key isn't in merchant adoption but gaining the widest possible audience. People say they want these pro developers, fuck that shit, I want all the dissenters because they ARE the spirit of Crypto.

The rewards are great, no POW to kill price and good POS rewards without hyper-inflation making the chart look ugly. At most you could ever see 10,000 Coins being dumped a day assuming that 25% of the Stakers were selling all their Coins as they Staked but they would eventually be selling at a loss and that would be more or less impossible when there are near daily updates and the Coin runs flawlessly.

Retweet, one by one, I believe.

OP looks great, I LMAO at the wallet download links
Video is awesome. Really nice work all around.

Retype it like this in order to clean it up and make it more presentable?

Great work  

RT please... but step by step

New DNS-seeder: https://twitter.com/Polycrypto/status/571811420926578688

Official PayCon Youtube Channel: https://twitter.com/Polycrypto/status/571811694743330816

New PayCon Video: https://twitter.com/Polycrypto/status/571811922405945344

Electric wallets? new wallets in OP

CON is a little more functional

Updated the OP with all the recent changes

Feb 28th, 2015


New DNS-seeder added to source and Windows and Mac wallets compiled with the new seeder added. This change eliminates the need to create a PayCon.conf file in order to sync your wallet.

Source also updated with all recent Social links along with links to exchanges in the Social/Exchange tab (yet to be compiled)

OP also updated with new graphics, layout, and Block explorer courtesy of Cryptopia.nz

New* Official PayCon Youtube Channel https://www.youtube.com/channel/UC9XCibYK65N7hZqEJ6XzTEw

New* PayCon Youtube video http://youtu.be/863OJzzEWIo

Ok so I just put up the Windows and Mac wallets with the DNS seeder added, I had already asked pollforall if he could recompile it from source so it also includes the source changes I made. It cost me 0.7 BTC for the DNS seeder, hosting for 6 months and recompiling it into the wallet so please consider donating to me to help progress PayCon for you.

CRES for president!!