look the bigger question is what is this coin gonna be or do
answer nuthing yet we dont have website we making it
we need all your money to do this
so buy this we will make whatever community wants
if you make me mad i will dev fud you with my college crap
last time i check a coin i didnt buy unless it was something already other than
PIPE DREAM MONEY GRAB PROMISE ME EVERYTHING
bottom line is this guy needs money to do anything he says and he doesnt know shit
so buy buy buy dumbasses unite here
Topic: Announcing ProzCoin : Proof of Action (PoA) - page 40. (Read 78513 times)
Developer keeps linking me "Economics 101" shit in Private messages and mocking my questions.
When all I wonder is how the reserve is to be applied to cryptocurrencies. Surely, a few scenarios of which it would be used is easy to supply? Nah, he's not giving any.
All he's done so far is google a couple of economic words to apply to a huge premine, all which makes no sense. This developer doesn't know what he's doing. Holy shit you are dumb if you fall for this
100% scam.
Here's some FUD on a silver platterWhen all I wonder is how the reserve is to be applied to cryptocurrencies. Surely, a few scenarios of which it would be used is easy to supply? Nah, he's not giving any.
All he's done so far is google a couple of economic words to apply to a huge premine, all which makes no sense. This developer doesn't know what he's doing. Holy shit you are dumb if you fall for this
100% scam.
or he could just explain a few scenarios in which "20 % Discretionary spending to have reserves for exchanges/merchants" will be used and debunk my FUD?
Oh wait, he can't. Since its all a croq of shit
Is c-cex protected against scam? Will they repurchase the coins? They only lock the ICO money for 3 days!!! I find that too short, it should be 3 months or so.
If anyone is unsure how banks/organizations keep themselves from insolvency through keeping reserves, here is a simple guide to understand the process:
http://banking.about.com/od/savings/a/fdicinsurance.htm
Chris
http://banking.about.com/od/savings/a/fdicinsurance.htm
Chris
I am not sure how much clearer my previous question can be.....?
Instead of linking me shit how about you ACTUALLY provide me with a few examples when it would be used?
P.S a cryptocurrency isn't a bank, lmao. You guys are hardcore scammers the way it seems. Reserves make no sense. And the link you provide also makes zero sense.
It seems you've come up with several different words to justify a 70% premine. I won't be investing this is gross to be honest with you.
But I'd still LOVE to hear a few examples when you would use the reserve.
Also - caution my fellow traders
this idiot is under investigation for money transfering you just cant make up a coin and sell it on your website
now he has money laundered it to the only exchange that with co scam with them
he will use all of it for development
he want to make another multipool and give you this coin for your hash
buy more of this coin its so great
read his crap when he gets mad at you and sends you dev fud
its ok he is a proz
Developer keeps linking me "Economics 101" shit in Private messages and mocking my questions.
When all I wonder is how the reserve is to be applied to cryptocurrencies. Surely, a few scenarios of which it would be used is easy to supply? Nah, he's not giving any.
All he's done so far is google a couple of economic words to apply to a huge premine, all which makes no sense. This developer doesn't know what he's doing. Holy shit you are dumb if you fall for this
100% scam.
Here's some FUD on a silver platterWhen all I wonder is how the reserve is to be applied to cryptocurrencies. Surely, a few scenarios of which it would be used is easy to supply? Nah, he's not giving any.
All he's done so far is google a couple of economic words to apply to a huge premine, all which makes no sense. This developer doesn't know what he's doing. Holy shit you are dumb if you fall for this
100% scam.
If anyone is unsure how banks/organizations keep themselves from insolvency through keeping reserves, here is a simple guide to understand the process:
http://banking.about.com/od/savings/a/fdicinsurance.htm
Chris
http://banking.about.com/od/savings/a/fdicinsurance.htm
Chris
I am not sure how much clearer my previous question can be.....?
Instead of linking me shit how about you ACTUALLY provide me with a few examples when it would be used?
P.S a cryptocurrency isn't a bank, lmao
Well, I guess I can't help you then if you can't understand how FDIC insurance of a bank is relevant to keeping reserves for an economic infrastructure based around a currency.
Chris
If anyone is unsure how banks/organizations keep themselves from insolvency through keeping reserves, here is a simple guide to understand the process:
http://banking.about.com/od/savings/a/fdicinsurance.htm
Chris
http://banking.about.com/od/savings/a/fdicinsurance.htm
Chris
I have NEVER in my life heard of so many people requesting that a coin reduce its market capitalization.
This line of thinking makes no sense. If we are thinking about investors, we want Prozcoin to be worth 300 BTC total, not 100 BTC.
Chris
This line of thinking makes no sense. If we are thinking about investors, we want Prozcoin to be worth 300 BTC total, not 100 BTC.
Chris
Anyway... pitty of the big amount of coins. 300BTC coin 
The coin owner need to think about their investors too and that was something that Cloudcoin did. I also complain about the too much coins, and they decrease the amount by 80%, result was ICO was sold out very quickly, the ICO won 600% profit at a certain point in time. But here i have the same problem as i did with Cloudcoin in the beginning, if it was reduced to 100BTC then ICO investor will see some big return and a good start for the coin, but now? Already a $150K coin... looks a lot.
The coin owner need to think about their investors too and that was something that Cloudcoin did. I also complain about the too much coins, and they decrease the amount by 80%, result was ICO was sold out very quickly, the ICO won 600% profit at a certain point in time. But here i have the same problem as i did with Cloudcoin in the beginning, if it was reduced to 100BTC then ICO investor will see some big return and a good start for the coin, but now? Already a $150K coin... looks a lot. Nice, a rude coin owner. tells me enough, when coin devs get mad over question it is obvious they dont want to explain it.
No, tell me thoroughly what "Reserves for exchanges/merchants" mean. And dont be a fucking dick about it
I didn't think "I" was being rude, but I do apologize if you took offense. I am not sure how much clearer the language can be...?
A reserve is a fund of currency or commodity that exists in case of an emergency situation, to keep an organization solvent, or to ensure a solid base of capital. Does that answer your question politely?
Chris
We have sold almost 10 BTC worth to earliest investors at 250 satoshi, and have sold 7 btc at 300 satoshi. The ICO is going great at 300 satoshi. We aren't asking anyone to do anything. We have made our identities public, have shown where our degrees come from, what we specialize in, and some of the things we are working on.
We have a fantastic group of investors so far, and I could not be happier with the people who have decided to invest in Prozcoin.
If investors are on the fence, I suggest e-mailing me at [email protected].
Chris
We have a fantastic group of investors so far, and I could not be happier with the people who have decided to invest in Prozcoin.
If investors are on the fence, I suggest e-mailing me at [email protected].
Chris
Adress my question, that I say in previous post. wtf man?
Will you be more clear? You did not really seem to write out any actual questions, and just seemed to have some hypothetical constructs....?
10% coins will be evenly distributed to the founding team over 3 years. <- whut? its not over 3 years u all got them from first block. and how can we trust that? u get 10% of coin to slowdump it to us?
AND explain me this 20 % Discretionary spending to have reserves for exchanges/merchants (?) what? reserves for exchanges what does that even mean? if they lose their coins to hack, u can sell them more to survive while investors get lost value in their coins, huh?
Answer these 2 questions,they seem shady.
AND explain me this 20 % Discretionary spending to have reserves for exchanges/merchants (?) what? reserves for exchanges what does that even mean? if they lose their coins to hack, u can sell them more to survive while investors get lost value in their coins, huh?
Answer these 2 questions,they seem shady.
Well, considering everything is on a public ledger, it would be VERY easy for someone to simply check to see if we had dumped anything. As well, I have a M.S. in telecommunications. I have no interest in ruining my credibility for a few bitcoin. In the same regards, we have done more than enough to be transparent.
Reserves for exchanges/merchants is 100% clear. I am not sure how you are not undertanding this?
The Coin Proz team has set a new standard for transparency.
Chris
We have sold almost 10 BTC worth to earliest investors at 250 satoshi, and have sold 7 btc at 300 satoshi. The ICO is going great at 300 satoshi. We aren't asking anyone to do anything. We have made our identities public, have shown where our degrees come from, what we specialize in, and some of the things we are working on.
We have a fantastic group of investors so far, and I could not be happier with the people who have decided to invest in Prozcoin.
If investors are on the fence, I suggest e-mailing me at [email protected].
Chris
We have a fantastic group of investors so far, and I could not be happier with the people who have decided to invest in Prozcoin.
If investors are on the fence, I suggest e-mailing me at [email protected].
Chris
ProzCoin does not depend on PoW miners to come and mine the coin because we live on top of the Bitcoin blockchain. In reality, PoW coins that do not live on top of the Bitcoin blockchain have the least chance of surviving, as their security is entirely dependent upon not losing their PoW miners or they are succeptable to having their coin mined by large pools, pumped, dumped and left in the wake of destruction. Our distribution model means the 100 million coins will not be distributed for at least 3 years, and out of the entire allocation, there is MORE going to the community through PoA/PoW rewards than there is going ot developers (10% to 3 people). The idea that the developers are going to get 70% of the coins is just patently false information.
As long as people are mining Bitcoin, coins using the Master protocol will have security.
The community will be receiving a significantly larger portion of the distributed coins than the developers.
Article coming on The Coin Front
ICO is live now!
https://c-cex.com/?p=proz-btc
Chris
As long as people are mining Bitcoin, coins using the Master protocol will have security.
The community will be receiving a significantly larger portion of the distributed coins than the developers.
Article coming on The Coin Front
ICO is live now!
https://c-cex.com/?p=proz-btc
Chris
Your distribution model is flawed because you are expecting everyone that wants to invest to TRUST you guys...
Doesn't matter what protocol your based on, it's still retarded and that's why even poloniex , which is pretty much scam central for shit coins, denied you guys...
You reply with the same thing but fail to realize no one is going to trust 2 newbie accounts with a magical new coin named "Proz-coin" that has a 100% premine.
congrats on getting 2 suckers to trust you guys with 6btc... it'll be funny to see where this goes.
Doesn't matter what protocol your based on, it's still retarded and that's why even poloniex , which is pretty much scam central for shit coins, denied you guys...
You reply with the same thing but fail to realize no one is going to trust 2 newbie accounts with a magical new coin named "Proz-coin" that has a 100% premine.
congrats on getting 2 suckers to trust you guys with 6btc... it'll be funny to see where this goes.
Ok so 70% of coins in the end of dev??? Are you kidding me?
Sorry but i'll pass for this one...
Sorry but i'll pass for this one...
Distribution Model: All 100 million coins will be mined in 1 block
10% coins will be evenly distributed to the founding team over 3 years.
20% ProzCoins will be sold initially on exchanges. All sold ProzCoins will go 100% to Coin Proz Oy. The revenue generated from the sale will go to the further advancement of the site and keep as reserves for our merchants who accept Prozcoin.
10% Will be reallocated for PoA/PoW mining rewards
10% for Proof of Action (PoA)
20 % Discretionary spending to have reserves for exchanges/merchants
30 % Unallocated for future plans Cold Stored with multi-sig founder verification for wallet release
The reserves do not go to us. They will be cold stored. We will use a larger percentage towards PoA when it is necessary. More will be allocated to our mining rewards. We are leaving flexibility for future plans.
"Distribution Model: All 100 million coins will be mined in 1 block"
Literally is the only downfall of your coin.. I would like to say your wasting your time spending all these resources developing
Ok so 70% of coins in the end of dev??? Are you kidding me?
Sorry but i'll pass for this one...
Sorry but i'll pass for this one...
I really wish they would re-think their distribution method...
They have so much potential and development... but all coins mined in 1 block is just something investors can't overlook...
I would be more than happy to invest if it wasn't for that 1 BIG catch...
Ok so 70% of coins in the end of dev??? Are you kidding me?
Sorry but i'll pass for this one...
Sorry but i'll pass for this one...
Sorry but 100M coins is that not a little too much? that is 300BTC!!?? I'm certainly interested in PROZ but the total number of coins is a issue for me.
and the 100% Premine... They tend to ignore whenever someone brings that up..
We are not ignoring anything. PROZ is through the Mastercoin protocol. We have built our distribution method through our Proof of Action.
I just hope that the number of coins will be reduced... people are not crazy anymore to give away so much money without any prove of activity. The people from SNET did it smart. ICO finished, directly put some buy orders on it, and this move the coin higher and give a good feeling for investors, wondering what PROZ will do...
Prozcoin ICO on www.C-CEX.COM is already on going! Congrats to the DEVs.
With only 2.5M coins left.
With only 2.5M coins left.
When list for other exchange?
Wait, pre sale buyers now have to wait for you to pre sell again on Cex before trading...wow...
...and whats with this Omniwallet crap, it wants BTC fees to transfer PROZ out...
...and whats with this Omniwallet crap, it wants BTC fees to transfer PROZ out...
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