[ANN][FLEX] Flexiblecoin |New Block Reward Structure|Bittrex, Cryptsy - page 29.

milan74

full member

Activity: 182

Merit: 100

Quote from: IceColdTommy on September 02, 2014, 02:49:20 PM

Quote from: yellowduck2 on September 02, 2014, 01:13:11 PM

Quote from: andrepierre on September 02, 2014, 01:12:10 PM

Yellowduck2 just looked at XC when coins was made less, the price doubled in no time. It will be to the advantage of coin.

Nothing stop you to start mining now and also like you suggest if miners wait to mine coins for higher reward it will dump the price.

Really something to consider

longer PoW = more dump = better coin distribution. People who cant mine buy coin from miner dump at cheap price which better distribute the coin. As a miner of course they want to cut as soon as possible but as an investor they want as cheap coin as possible.

Longer PoW better distribution for miner (more miner when PoW reward get higher) as well as investor get cheap coin.

Longer pow will only get to more dumps maybe even to 1 sat, how do you expect to recover from that and till where 50 sat, that will only make coin undervalued so if coin has some good future plans like this one has it should have less coins not more, so i again say start pos before pow ends it will still leave choice to miners, they can keep their wallets closed so no POS blocks will be generated and there will be more POW again

Personally in favor of this idea, I am worried PoW finish, PoS start at 15k, chance might happen the block chain stale at 15k, that is teh reason most coins have pos start before pow end.

Winner

legendary

Activity: 1190

Merit: 1000

Look ARROUND!

Flexcoin is doing nicely, it has a good pump every now and then barely any harsh dumps.

hellracer2011

full member

Activity: 126

Merit: 100

Quote from: cryptoholic11 on September 02, 2014, 07:30:52 PM

Quote from: bitcoinwonders010 on September 02, 2014, 07:26:55 PM

Quote from: cryptoholic11 on September 02, 2014, 07:23:35 PM

Quote from: bitcoinwonders010 on September 02, 2014, 07:19:44 PM

Quote from: baxto on September 02, 2014, 07:13:56 PM

IMO opinion cutting the PoW phase would be detrimental to the coin. To many PnD coins follow a short PoW method, the longer the PoW the fairer the distribution. Look at the trend of past coins with short PoW versus longer ones, the longer ones always hold up better in the end. You can cut the coin supply by implementing PoS faster but do not cut PoW short for the sake of price.

not really xc cut pow look where they are.

+1 btw fair distribution is terrible. It will become a peasants coin. One reason why coins like DRK, BTCD and NXT reached those high market caps was because of unfair distribution.

those that saw the potential early should be rewarded. coins will be distributed fairly as price rises.

Whales make the price rise (significantly) and they usually do it through holding a majority of market share (unfair distribution)...fair distribution will only stagnate the price and volume, imho. In the past, thinking it was a good thing, I foolishly bought into many coins that promised fair distribution..each one of them barely saw any volume...and were dumped to death. No whales, no money.

Unfortunate but true, until the coin becomes mainstream like bitcoin, but their also the distribution is not so fair.We need big investors (Whales) along with continuous feature addition or development in a coin.

wildcardstar

newbie

Activity: 15

Merit: 0

The price on c-cex is pumping with larger volume.

yaks

newbie

Activity: 38

Merit: 0

Exactly, no whales no money!! Good point!
Every coin needs a pumper, the consistent the pumper safer for others.

Winner

legendary

Activity: 1190

Merit: 1000

Look ARROUND!

just got some flex, we'll see how this goes.

cryptoholic11

hero member

Activity: 560

Merit: 500

Quote from: bitcoinwonders010 on September 02, 2014, 07:26:55 PM

Quote from: cryptoholic11 on September 02, 2014, 07:23:35 PM

Quote from: bitcoinwonders010 on September 02, 2014, 07:19:44 PM

Quote from: baxto on September 02, 2014, 07:13:56 PM

IMO opinion cutting the PoW phase would be detrimental to the coin. To many PnD coins follow a short PoW method, the longer the PoW the fairer the distribution. Look at the trend of past coins with short PoW versus longer ones, the longer ones always hold up better in the end. You can cut the coin supply by implementing PoS faster but do not cut PoW short for the sake of price.

not really xc cut pow look where they are.

+1 btw fair distribution is terrible. It will become a peasants coin. One reason why coins like DRK, BTCD and NXT reached those high market caps was because of unfair distribution.

those that saw the potential early should be rewarded. coins will be distributed fairly as price rises.

Whales make the price rise (significantly) and they usually do it through holding a majority of market share (unfair distribution)...fair distribution will only stagnate the price and volume, imho. In the past, thinking it was a good thing, I foolishly bought into many coins that promised fair distribution..each one of them barely saw any volume...and were dumped to death. No whales, no money.

bitcoinwonders010

hero member

Activity: 686

Merit: 500

Quote from: cryptoholic11 on September 02, 2014, 07:23:35 PM

Quote from: bitcoinwonders010 on September 02, 2014, 07:19:44 PM

Quote from: baxto on September 02, 2014, 07:13:56 PM

IMO opinion cutting the PoW phase would be detrimental to the coin. To many PnD coins follow a short PoW method, the longer the PoW the fairer the distribution. Look at the trend of past coins with short PoW versus longer ones, the longer ones always hold up better in the end. You can cut the coin supply by implementing PoS faster but do not cut PoW short for the sake of price.

not really xc cut pow look where they are.

+1 btw fair distribution is terrible. It will become a peasants coin. One reason why coins like DRK, BTCD and NXT reached those high market caps was because of unfair distribution.

those that saw the potential early should be rewarded. coins will be distributed fairly as price rises.

cryptoholic11

hero member

Activity: 560

Merit: 500

Quote from: bitcoinwonders010 on September 02, 2014, 07:19:44 PM

Quote from: baxto on September 02, 2014, 07:13:56 PM

IMO opinion cutting the PoW phase would be detrimental to the coin. To many PnD coins follow a short PoW method, the longer the PoW the fairer the distribution. Look at the trend of past coins with short PoW versus longer ones, the longer ones always hold up better in the end. You can cut the coin supply by implementing PoS faster but do not cut PoW short for the sake of price.

not really xc cut pow look where they are.

+1 btw fair distribution is terrible. It will become a peasants coin. One reason why coins like DRK, BTCD and NXT reached those high market caps was because of unfair distribution.

baxto

sr. member

Activity: 264

Merit: 250

Quote from: bitcoinwonders010 on September 02, 2014, 07:19:44 PM

Quote from: baxto on September 02, 2014, 07:13:56 PM

IMO opinion cutting the PoW phase would be detrimental to the coin. To many PnD coins follow a short PoW method, the longer the PoW the fairer the distribution. Look at the trend of past coins with short PoW versus longer ones, the longer ones always hold up better in the end. You can cut the coin supply by implementing PoS faster but do not cut PoW short for the sake of price.

not really xc cut pow look where they are.

XC was probably an exception. Longer PoW would allow time for the Devs to implement what they have to in the meantime while shaking out big dumpers. If they cut this coin short as soon as it hits Trex its gonna get dumped. Devs havent even proven anything on this coin yet. Everyone needs to be patient, people want things fast thats why we were so quick to get scammed in the past.

bitcoinwonders010

hero member

Activity: 686

Merit: 500

Quote from: baxto on September 02, 2014, 07:13:56 PM

IMO opinion cutting the PoW phase would be detrimental to the coin. To many PnD coins follow a short PoW method, the longer the PoW the fairer the distribution. Look at the trend of past coins with short PoW versus longer ones, the longer ones always hold up better in the end. You can cut the coin supply by implementing PoS faster but do not cut PoW short for the sake of price.

not really xc cut pow look where they are.

baxto

sr. member

Activity: 264

Merit: 250

IMO opinion cutting the PoW phase would be detrimental to the coin. To many PnD coins follow a short PoW method, the longer the PoW the fairer the distribution. Look at the trend of past coins with short PoW versus longer ones, the longer ones always hold up better in the end. You can cut the coin supply by implementing PoS faster but do not cut PoW short for the sake of price.

techlover

full member

Activity: 224

Merit: 100

Quote from: bitcoinwonders010 on September 02, 2014, 06:10:23 PM

my wallet isn't syncing i see 4 connections. does the wallet not have a bar to show how many blocks have been synced.

In the wallet, there is one icon named "statistics", click that icon and then you can find the current stat. Now we are at 10061 blocks

p.s. if you still have problem, please let me know.

bitcoinwonders010

hero member

Activity: 686

Merit: 500

my wallet isn't syncing i see 4 connections. does the wallet not have a bar to show how many blocks have been synced.

jorneyflair

hero member

Activity: 672

Merit: 500

Quote from: ayminer on September 02, 2014, 05:54:23 PM

Quote from: whatdidshedo on September 02, 2014, 01:11:46 PM

Quote from: IceColdTommy on September 02, 2014, 01:09:18 PM

Quote from: techlover on September 02, 2014, 01:07:32 PM

Thanks for all your suggestions, I have chatted with team members, we are not sure whether it is a good idea or not. We would like to hear what forum members say. If it is highly demanded by the community, we may do a change and as mentioned by yellowduck2, we will notify pools 24 hours ahead.

don't cut pow blocks just make pos start earlier, it will lower the amount of pow blocks

yeah if POS startts cutting into POW it will lower supply somewhat, good thinking

I rather they cut the POW blocks altogether.

no , please do not do that except you wanna do a pump and dump when it suddenly been cut off , do obey the game rule , please

ayminer

newbie

Activity: 56

Merit: 0

Quote from: whatdidshedo on September 02, 2014, 01:11:46 PM

Quote from: IceColdTommy on September 02, 2014, 01:09:18 PM

Quote from: techlover on September 02, 2014, 01:07:32 PM

Thanks for all your suggestions, I have chatted with team members, we are not sure whether it is a good idea or not. We would like to hear what forum members say. If it is highly demanded by the community, we may do a change and as mentioned by yellowduck2, we will notify pools 24 hours ahead.

don't cut pow blocks just make pos start earlier, it will lower the amount of pow blocks

yeah if POS startts cutting into POW it will lower supply somewhat, good thinking

I rather they cut the POW blocks altogether.

xrn

sr. member

Activity: 332

Merit: 250

In my opinion too. We should stop at 12000 block. If dev will be still active we see bittrex and ~ 300 satoshi Wink

qiuxiang

full member

Activity: 224

Merit: 100

Quote from: IceColdTommy on September 02, 2014, 02:49:20 PM

Quote from: yellowduck2 on September 02, 2014, 01:13:11 PM

Quote from: andrepierre on September 02, 2014, 01:12:10 PM

Yellowduck2 just looked at XC when coins was made less, the price doubled in no time. It will be to the advantage of coin.

Nothing stop you to start mining now and also like you suggest if miners wait to mine coins for higher reward it will dump the price.

Really something to consider

longer PoW = more dump = better coin distribution. People who cant mine buy coin from miner dump at cheap price which better distribute the coin. As a miner of course they want to cut as soon as possible but as an investor they want as cheap coin as possible.

Longer PoW better distribution for miner (more miner when PoW reward get higher) as well as investor get cheap coin.

Longer pow will only get to more dumps maybe even to 1 sat, how do you expect to recover from that and till where 50 sat, that will only make coin undervalued so if coin has some good future plans like this one has it should have less coins not more, so i again say start pos before pow ends it will still leave choice to miners, they can keep their wallets closed so no POS blocks will be generated and there will be more POW again

Agree with it, it is a better than directly stop at 12000.

techlover

full member

Activity: 224

Merit: 100

Glad to hear so many precious suggestions, we appreciate all your suggestion!
In the meantime, we are open to more suggestions from users in different time zones over the world and will make a decision tonight (PST) based on suggestions from forum members.

p.s. Here we are still Sept. 02, 2014, just to clear confusion because some places in the world is Sept. 03.

cryptoholic11

hero member

Activity: 560

Merit: 500

Quote from: yellowduck2 on September 02, 2014, 01:09:04 PM

Quote from: techlover on September 02, 2014, 01:07:32 PM

Thanks for all your suggestions, I have chatted with team members, we are not sure whether it is a good idea or not. We would like to hear what forum members say. If it is highly demanded by the community, we may do a change and as mentioned by yellowduck2, we will notify pools 24 hours ahead.

However , i disagree with changing coin supply. Longer PoW can better distribute the coin. For instance , some people might be waiting for higher reward before starting to mine.

Imho, contrary to popular opinion, fair distribution leads to inevitable stagnation and low volume, which leads to a dying coin. Big volume need whales and whales need majority of market share...

Topic: [ANN][FLEX] Flexiblecoin |New Block Reward Structure|Bittrex, Cryptsy - page 29. (Read 95164 times)