Topic: [ANN][FLO] A Worldwide Public Record | Alexandria | ETDB | Medici | 0.15 Segwit - page 91. (Read 516115 times)

Cool, I'll shoot you guys an email later today.

Florincoin.info, colorcoin.org and aterna.org are going down for maintenance. We will be back up shortly

Mind pinging us on our support email line [email protected]? Might be worth having a little chat with the team.

That's awesome news. The Florincoin dev team welcomes the Storj decentralized application onto the Florincoin blockchain. Reach out to skyangel or myself directly if you have any questions, concerns, or feedback.

Storj lead dev here. I'll address this directly. So we are using Florincoin in Metadisk. Before you go all pump and dump, note that this only temporary and we plan on using Factom when they are ready.

What?

Got a link?  I can't find any proof of this anywhere.

If true then it would explain the huge buyers lately.

Interesting, Storj will use florincoin as blockchain because of the message feature - nice

lol, I can live with 16 but these devs apparently love inflation.  Flo has had enough fair and wide distribution, a subsidy reduction should happen sooner than later but I doubt that's gonna happen.

Not again.

What is it with these huge buyers of flo?

And if you want it that badly why don't you bid it up a bit, it's down 60% in the last 2 weeks.

Cheers!

Anyone selling a large amount of FLO?

flow
part of EMD index

r=50
block=125k
dob=2013-06-17 20:36:19
Max : 101m of 160m

40 sec / retargets every blocks
Block reward: 100 FLO, halving every 800,000 blocks (about 1 year)


http://florincoin.info/explorer/index.php
http://florincoin.info
Official web site - http://www.florincoin.org
Reddit - http://www.reddit.com/r/florincoin

So flo is going down to 50 coins per block for the next year?

Not bad.  12.5 would have been even better. 

The block halving happens at 800,000 blocks. As of this post, we're on block #794,301.


https://github.com/florincoin/florincoin/blob/master-0.8/src/main.cpp#L1087-L1095

When is the halving?

You still can mine some FlorinCoins at CoinMine.PW
Pool status page: http://www.coinmine.pw/poolinfo.php?coinid=2

I just stumbled on this one. Very nice and solid after so many months.

It hit 21,000 a few times this past week.

I'm not in a hurry.  I just wanna buy more IXC but I can wait.

Cheers!


Edit:  I'm gonna raise it to 500,000.  Maybe the whale buying up millions will jump on it then.

too expensive... 2mil just went for 15700

There's 300,000 FLO for sale are 19000.

I usually try to stay away from speculation but I have some theories on this. As a disclaimer, I am not an expert and I would advise extreme caution when investing and speculating on any market, especially the crypto-currency market. There is a lot of risk involved.

If you look at the market history on Cryptsy, it looks like a lot of people are putting up sell walls that are getting bought up slowly, probably because of how high the price is compared to 2-3 months ago.

The block halving is happening soonish, so perhaps those that are holding long are suddenly realizing it's happening soon and reacting to this now.

The hashrate has gone up a lot in the past few weeks, probably 10x what we usually have on the network. This sometimes causes an increase in price when new miners are speculative rather than opportunistic (it is possible we have more miners that hold their funds instead of immediately cashing out to recoup electricity and maintenance costs).

Also, I'm working with a team to develop software that will be run on the Florincoin blockchain to archive cultural and market data. This project will use FLO to pay for blockchain messages (tx-comments) so the volume of coins traded on the blockchain is going to increase (and has been increasing due to my tests). There is absolutely no reason to believe that this will raise the price of FLO. If you want to learn more about the project, listen to the Let's Talk Bitcoin podcast I posted earlier on this page.

Using FLO to pay for this application will be possible so it would be the first application to make use of the FLO token for something other than trading, which is kind of cool. Certainly volume on the market could increase if people buy or sell FLO to use the the app, but it doesn't necessarily mean the price will increase or decrease.

3 scenarios:

1) Classic market pumper :
If you want to pump cheap coin long-term, you need to buy high volume at low price, to prevent expensive dumps and slowly sell later. But buying is never announced publicly.

2) Scammer:
Claim you want to buy high volume publicly, so others will think pump is incoming. People will pull sell orders and buy more and pump the price. This is good when scammer has already bought high volume cheap and want to sell to others expensive.

3) Long term investor


Since there is constant buy pressure on FLO last month, high volume of cheap coins was bought already. Your 1 million FLO at 25777 price were not bought.  Price is already 4-6x higher than it was in July-August. I would expect profit taking period at this stage. In my opinion scenario 2 is the most probable.