Topic: [ANN][DCM] Digital Commerce 1.35 Mil coins 100% POS/Soon Anon/Accounting wallet. - page 7. (Read 82562 times)

When you say stuck, what do you mean?
Sometimes it takes a bit longer to distinguish between valid and invalid (orphaned) blocks and it's normal to have some delay.
Can you please describe what "stuck" means for you?

Thank you

Although it is none of my business, I can't hold myself and not interfere.
I don't know why you left and I'm sure you have your reasons for it. Whether they were excused or not, I do not have the right to judge.
What I can ask is this though:
Whatever the reason you left was, what made you think that those 20+ BTCs were yours? I thought they were from the project? If you took them with you, what distinguishes you from a common thief?
Unless they *are* yours, as a reward for your hard work and efforts you already did for the project.
If that's the case, can you please give a detailed description of the efforts you made that worth 20+ BTCs???

So, until I see a reply to this, I believe you will agree with me that it's very funny to try and post anything negative about anyone for whatever reason...

Waiting for your long, detailed, descriptive response.

LAST-0.00006376 BTC
BID-0.00005102 BTC
ASK-0.00006376 BTC
TIME-06/17/2014 08:15:58 AM
24HR HIGH-0.00006379 BTC
24HR LOW-0.00005000 BTC
BTC VOL-0.62635700 BTC
DCM VOL-10757.68605776 DCM

Now I'm stuck on block 16398.  But at least I got past 15009.  Deleting everything and gonna download the blockchain....AGAIN.

I'm not so keen on devs artificially inflating volume by just trading coin back and forth to themselves. What should they do, do that forever?

They could however increase multipool buys, maybe? And they should mine a lot themselves or rent machines with some of their ipo money and use that for mining. Doing it that way they are supporting the price, but not directly through fake volume or making a giant buy wall that could get ripped down.

As for proof of their vendor software and what they have planned for the money, I agree more clarity is needed there. They should outline exactly how they plan to spend the ipo money to support the coin, how much per project and a rough timetable. I'd also like to see how they plan for the marketplace to work, especially if coin volume is low. I offered an idea earlier on how Noblecoin handles it, but the devs here didn't mention their plan.

Well if they maintain some buying and selling themselves to get the volume and price up, how would it not help the fact that the coin has a nearly dead volume for the past days ? Looking at the graphs this coin is nearly DEAD, how are they planning to attract new investors this way ? They have lots of money yet give the excuse "Please also realize that we lost 22BTC with Bob's departure, so while we have funding it's not at the level we originally planned and we need to be smart about the way we use our money." RI-DI-CU-LOUS ! Yeah, that leaves them only with... 113 BTC, or $70,000 ...! This is the most money i've seen a team make before coin launch, yet this kind of greed is unseen for me. NO SINGLE BIT being spend to the community. The community that made THEM rich in no time. And the same one that LOST their investment in order to get them rich. There is just no excuse, for letting this coin's volume die together with its price. They should already be interfering and make this coin alive from the start. Right now, the IPO was just plain obsolete (or a rip off, you may say) and instead of taking action to prevent its death, they simply claim to partially compensate those who made big losses and were long term holders. Smart thinking, it wouldn't even shock me if they exploit the fud of bobsurplus to give an excuse to the cause of their dead coin, thus not having to feel responsible for it. Making themselves hero's by compensating a few holders with a few coins, showing their 'generousity'...

As of how the team's working right now, this is just not correct to me. How can we tell sufficient money's been spend and will be spend to important things, where's the proof ? The funds you put into your project should be PROPORTIONAL to the money you got from the IPO. Otherwise this is just a plain, silent scam. Put the greed aside, you have the funds to make this coin grow, and benefit together with the investors who made this all happen.

I have had to resort to this method.  I tried the step by step provided by mindfox, but it's still getting hung up (even after downloading the blocks it shows out of sync).  So I deleted everything except my wallet.dat file, and I'm in the process of downloading the blocks (currently have ~10500).  I'll check my progress in the morning and hopefully I will be up and running.  Don't understand why I'm having such an issue.

Yeah, although in profit overall (basically no way I couldn't be, as I started with like nothing in crypto), my trading has been rather poor overall. I think my biggest problem with trading so far is knowing when to sell, and I won't even say not be too greedy, but just realize that other people will take short term gains over long term, most of the time.

My mistake has been thinking people will use sound judgement, and that if a coin is considered good one day, a random troll posting FUD the next day really shouldn't change anything. But it does. I think I basically have underestimated the power of stupid people.

I'm pretty much in the same boat as you. Truth be told, I'm a pretty bad trader. But I'm a good PM and software developer and have lots of real-life experience with eCommerce. Therefore my bet that it's possible to add substantial value to a coin long term by sticking to a real-world usage game plan.

I've wondered how people even successfully chase pumps to begin with. Watching the polo trollbox is basically watching people jump from coin to coin, at the slightest bit of volume movement or whatever is 'in' at that very moment. But getting in on a pump after it already started is extremely risky... you have to know when to jump out, or you'll tumble down. Just wondering how people even do that correctly on a consistent basis. I think I'd find it way too stressful and time consuming.

Now, picking a coin before it pumps is another matter, and requires patience. Not that I am necessarily any good at choosing the correct coins pre-pump, but that makes more sense to me than jumping from coin to coin based on the latest fad or in the middle of a pump.

I too have given up on chasing pumps.  The only way it can be the slightest bit successful, is if you're watching the market full-time.  It has to be a full time job.  For those of us that have full time jobs outside of crypto, this is near impossible.  I've decided on a few coins to hold for long term without worrying too much about it.

DCM was my higher risk decision.  Yes I'm down (and part of that the loss is pretty substantial), but I will continue to hold.  Not because I like getting beaten up, but because I believe in DCM and the dev team.  

I have DRK, bought some when it was cheap, and was perfectly fine with the months of low volume. I actually sort of liked it, as the coin was relatively stable and those following the coin knew at some point it should go up.

The key to focus on is stability. People will hold for hope of a greater payoff, if the coin is somewhat stable in price. I didn't have to worry about checking the exchange and seeing DRK went down 80% that day... even when they had their dumping issue with stolen coins, people still gobbled them up.

So just don't pick a buy in point to step in at that is too low. Again, investors can be finicky... to be honest, I thought 5-6K would be around your support line (or around where it is now). The difference between DRK and DCM is those stable DRK months were still above most people's buy-in point, as DRK was once insanely cheap. Asking people to hold at a major loss needs the hope of a rather big payoff at the end... and people will only accept so much of a loss.

You are of course right, catastrophic means different things to different people. If someone bought at 30K, then there's very little we can do to help them right now. That is just the reality of the situation. If someone bought at the IPO and didn't sell any, then their faith in us is appreciated and we still plan/hope to be able to give them a substantial return down the line.

I can only speak for myself but I have given up on chasing pumps; for me (with my time constraints) it's a mission impossible. I do however believe that it's possible to add big value over the long run by executing on good plans. Look at Darkcoin for example; it was lingering for months at low levels with almost no volume and then shot up when they delivered. It's since come down again but it's still way up from what it was during those quiet months. I hope we can do the same with DCM.

We are keeping tabs on the price levels but I think the point AltcoinRambo made is a valid one. If the price goes down too low we'll step in and bring it back up but our focus is on long-term holders, not day traders, so we may let the price dip down to bad levels short term in order to make more efficient use of our buying power. Please also realize that we lost 22BTC with Bob's departure, so while we have funding it's not at the level we originally planned and we need to be smart about the way we use our money.

I'm betting that when you updated you had staked coins waiting to be completely confirmed, right?
Only then you need to repairwallet, because the wallet.db has marked them as being in "stake" mode, while the blockchain didn't have the PoS block generated.
So, with repairwallet, you instructed your wallet.db to recheck all transactions from the blockchain and update the records of each coin.

Hope it makes sense

I do think the devs will protect folks from a catastrophic price drop. And probably whomever gets any dumped coins will benefit longterm.

The thing is, everyone has a different definition of 'catastrophic'. To those who bought in at 20-30K, they are already at catastrophic levels. I think the coin needs to stabilize around 8-12K to be considered somewhat safe from a downward spiral ... maybe it'll get there, but I hope the devs are keeping tabs on the price. If it levels out at 4K or so (outside of dumping), it may just slowly sink from there as investors panic.

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And nice about Polo... a lot of people have voted I see.

Multipool news

Please note the DCM Multipool (http://dcm.multipoolmining.com) has been moved to a new server which can hold much more blockchains, which will improve payouts over time.

This could not happen without getting a new IP. Your miner should auto-connect to new server within a few minutes.
If you miner seems disconnected, refresh your DNS or point manually to 62.210.139.65 instead of stratum.multipoolmining.com

The stratum on the old server has been disabled, no shares are lost or 'empty' shares could be made. If your miner is working you are connected to the correct server!

Thanks again for your hash and enjoy your mining!

Team multipoolmining.com

PS, you will no longer see the Cloudflare DDOS protected nag window. We have even beter DDOS protection now!

DCM now #2 on Poloniex voting for next coin to be added.

Get your votes in.  https://poloniex.com/voting

Let Bob dump all he wants. Even if he has been lying (a real possibility) and owns 200K coins, he can dump the price down to 1/10th IPO and the devs (or anybody) else can buy 200K coins for 2BTC and have an investment with awesome upside potential. If that happens, it's Bob's loss. The dev team is well funded and I'm sure they will take action when the time is right.

I've re-read the statement the devs issues and they says "we will not let investors suffer catastrophic losses". This could be interpreted in a number of ways but I think the key word here is "investors", presumably this means long-term holders. So even if the price drops down really low, the devs have the funding to bring it back up really quickly when they decide to do so.

From their actions so far, my guess is that they can be trusted to do the right thing for the coin for the "long-term" holders. If day traders are selling at a loss, that is a different issue and from the statements issued by the devs it seems that protecting day traders is not their primary focus while protecting investors is (at least I hope so, I'm holding my DCM for the long run).

If I have to run a repair wallet function in the consolue, what is the command line used?  I just want to make sure I have everything I need tonight, when I try and repair my wallet.  Thanks in advance.