[ANN][PES] Pesa - Anonymous Coin - No Premine - Dynamic Interest - PoStr - page 98.

Tree Fiddy

full member

Activity: 126

Merit: 100

Quote from: JakeThePanda on July 24, 2014, 01:25:16 PM

Quote from: Tree Fiddy on July 24, 2014, 01:21:52 PM

Quote from: JakeThePanda on July 24, 2014, 01:10:44 PM

This isn't inflation, it's just a miscalculation. Again, if the extra 4.5mm changes your buy/sell/hold outlook on the coin then you should sell. But, the success of the project doesn't hinge on the answer, so it's not a big deal like you are suggesting.

What is a big deal, and I agree with you on, is why the team hasn't addressed this question.

Tell me how the market would respond if a billion more coins were added at the next halving. We assume value (market cap) stays the same. The price would gradually be worn down as those coins are added to the exchange because everyone who owns it is already bought in and everyone mining needs to sell at whatever price they can get. This is the effect on current coin holders unbeknownst to them. It's real no matter how much you downplay it.

Stop with the straw man arguments. Yes, if it was a billion coins it would be a big deal, but it's not a billion coins.

It's not a straw man argument if it's happening. I understand that you think 1000% inflation is a big deal and 20% isn't. Thank you for clarifying.

Coin-Moron

hero member

Activity: 540

Merit: 500

Quote from: JakeThePanda on July 24, 2014, 01:33:23 PM

Quote from: ?? on ??

What is worst: 4.5mln coins PRE-MINED or 4.5mln coins added at the end ?

4.5mm coins pre-mined for the developer would be much worse and it's not even close. Coins weren't added at the end. The code wasn't changed, it was probably just a miscalculation in the OP.

Whatever u say seems right man. But this one should be responded by the devs obviously.
They should be having some commitment and responsibility over what they develop.

BTCNeverSleeps

member

Activity: 70

Merit: 10

The extra 4 mil+ coins can be resolved easy. All the dev has to do is end POW early, many devs have done this successfully. I think the current supply is enough anyway.

JakeThePanda

hero member

Activity: 644

Merit: 500

Quote from: ?? on ??

What is worst: 4.5mln coins PRE-MINED or 4.5mln coins added at the end ?

4.5mm coins pre-mined for the developer would be much worse and it's not even close. Coins weren't added at the end. The code wasn't changed, it was probably just a miscalculation in the OP.

lpedretti

full member

Activity: 152

Merit: 100

Quote from: Tree Fiddy on July 24, 2014, 01:21:52 PM

Quote from: JakeThePanda on July 24, 2014, 01:10:44 PM

This isn't inflation, it's just a miscalculation. Again, if the extra 4.5mm changes your buy/sell/hold outlook on the coin then you should sell. But, the success of the project doesn't hinge on the answer, so it's not a big deal like you are suggesting.

What is a big deal, and I agree with you on, is why the team hasn't addressed this question.

Tell me how the market would respond if a billion more coins were added at the next halving. We assume value (market cap) stays the same. The price would gradually be worn down as those coins are added to the exchange because everyone who owns it is already bought in and everyone mining needs to sell at whatever price they can get. This is the effect on current coin holders unbeknownst to them. It's real no matter how much you downplay it.

I think that the problem is not what does it do to the market in itself just for the total amount, but what it does to the trust that people may have with the project.
However, if the project is serious it may still go forward as any project with initial mistakes that get fixed later on, but it's important after all.

JakeThePanda

hero member

Activity: 644

Merit: 500

Quote from: Tree Fiddy on July 24, 2014, 01:21:52 PM

Quote from: JakeThePanda on July 24, 2014, 01:10:44 PM

This isn't inflation, it's just a miscalculation. Again, if the extra 4.5mm changes your buy/sell/hold outlook on the coin then you should sell. But, the success of the project doesn't hinge on the answer, so it's not a big deal like you are suggesting.

What is a big deal, and I agree with you on, is why the team hasn't addressed this question.

Tell me how the market would respond if a billion more coins were added at the next halving. We assume value (market cap) stays the same. The price would gradually be worn down as those coins are added to the exchange because everyone who owns it is already bought in and everyone mining needs to sell at whatever price they can get. This is the effect on current coin holders unbeknownst to them. It's real no matter how much you downplay it.

Stop with the straw man arguments. Yes, if it was a billion coins it would be a big deal, but it's not a billion coins.

Tree Fiddy

full member

Activity: 126

Merit: 100

Quote from: JakeThePanda on July 24, 2014, 01:10:44 PM

This isn't inflation, it's just a miscalculation. Again, if the extra 4.5mm changes your buy/sell/hold outlook on the coin then you should sell. But, the success of the project doesn't hinge on the answer, so it's not a big deal like you are suggesting.

What is a big deal, and I agree with you on, is why the team hasn't addressed this question.

Tell me how the market would respond if a billion more coins were added at the next halving. We assume value (market cap) stays the same. The price would gradually be worn down as those coins are added to the exchange because everyone who owns it is already bought in and everyone mining needs to sell at whatever price they can get. This is the effect on current coin holders unbeknownst to them. It's real no matter how much you downplay it.

JakeThePanda

hero member

Activity: 644

Merit: 500

Quote from: Tree Fiddy on July 24, 2014, 01:04:46 PM

Quote from: JakeThePanda on July 24, 2014, 12:21:49 PM

Quote from: Tree Fiddy on July 24, 2014, 12:11:07 PM

Quote from: JakeThePanda on July 24, 2014, 11:51:10 AM

It does impact long-term investment. If you expected the market price to be 10k, than you will adjust your target to about 8200. Like I said, the risk/reward on this coin is still very favorable even with the total coin adjustment. You have the option of selling if you think it's overvalued. I'm not grasping at any straws, you are. If you read my post above you will see that I said the dev needs to explain.

Tell me how 20% inflation and an extra 4-5 million coins is grasping at straws.

I get that you are trying hard to FUD. I get it. The extra 4-5 million coins doesn't undermine the value of the project in terms of technology, usefulness, potential adoption, or innovation. The only thing it does is change your future price target. Does it need to be addressed? Absolutely, but the answer doesn't change the long-term viability or scope of the project. It's only a big deal if losing the 20% changes your outlook on holding the coin. If it does, then sell now.

Like I said, the market cap at the current price and the extra 4.5mm coins would be around 147K. If you expect the market cap to be at 1mm then the impact is de minimis and not a big deal.

This isn't about fear, uncertainty, or doubt - those are ideas that dwell. Inflation is instantaneous. No one really notices their coins are worth less - it's gradual. People don't consider market caps when the government adds a billion dollars of paper to the money supply.

This isn't inflation, it's just a miscalculation. Again, if the extra 4.5mm changes your buy/sell/hold outlook on the coin then you should sell. But, the success of the project doesn't hinge on the answer, so it's not a big deal like you are suggesting.

What is a big deal, and I agree with you on, is why the team hasn't addressed this question. It seems like a simple answer and a quick explanation would probably put this issue to bed. If it was a miscalculation in the OP, then let's get this out of the way now.

Tree Fiddy

full member

Activity: 126

Merit: 100

Quote from: JakeThePanda on July 24, 2014, 12:21:49 PM

Quote from: Tree Fiddy on July 24, 2014, 12:11:07 PM

Quote from: JakeThePanda on July 24, 2014, 11:51:10 AM

It does impact long-term investment. If you expected the market price to be 10k, than you will adjust your target to about 8200. Like I said, the risk/reward on this coin is still very favorable even with the total coin adjustment. You have the option of selling if you think it's overvalued. I'm not grasping at any straws, you are. If you read my post above you will see that I said the dev needs to explain.

Tell me how 20% inflation and an extra 4-5 million coins is grasping at straws.

I get that you are trying hard to FUD. I get it. The extra 4-5 million coins doesn't undermine the value of the project in terms of technology, usefulness, potential adoption, or innovation. The only thing it does is change your future price target. Does it need to be addressed? Absolutely, but the answer doesn't change the long-term viability or scope of the project. It's only a big deal if losing the 20% changes your outlook on holding the coin. If it does, then sell now.

Like I said, the market cap at the current price and the extra 4.5mm coins would be around 147K. If you expect the market cap to be at 1mm then the impact is de minimis and not a big deal.

This isn't about fear, uncertainty, or doubt - those are ideas that dwell. Inflation is instantaneous. No one really notices their coins are worth less - it's gradual. People don't consider market caps when the government adds a billion dollars of paper to the money supply.

As far as "outlook for the coin" I'm wondering when coin supply will be addressed, why it wasn't addressed, and when the OP will be updated with the correct amount.

JakeThePanda

hero member

Activity: 644

Merit: 500

Quote from: Tree Fiddy on July 24, 2014, 12:11:07 PM

Quote from: JakeThePanda on July 24, 2014, 11:51:10 AM

It does impact long-term investment. If you expected the market price to be 10k, than you will adjust your target to about 8200. Like I said, the risk/reward on this coin is still very favorable even with the total coin adjustment. You have the option of selling if you think it's overvalued. I'm not grasping at any straws, you are. If you read my post above you will see that I said the dev needs to explain.

Tell me how 20% inflation and an extra 4-5 million coins is grasping at straws.

I get that you are trying hard to FUD. I get it. The extra 4-5 million coins doesn't undermine the value of the project in terms of technology, usefulness, potential adoption, or innovation. The only thing it does is change your future price target. Does it need to be addressed? Absolutely, but the answer doesn't change the long-term viability or scope of the project. It's only a big deal if losing the 20% changes your outlook on holding the coin. If it does, then sell now.

Like I said, the market cap at the current price and the extra 4.5mm coins would be around 147K. If you expect the market cap to be at 1mm then the impact is de minimis and not a big deal.

Trust me, this impacts me more than just about anyone else holding Pesa. If I thought it was that big of a deal I would be up in arms.

thectspot

member

Activity: 68

Merit: 10

Half Asian, Half Crypto

Quote from: SkyValeey on July 24, 2014, 12:13:42 PM

Dev is invisible because he's well known from other coin and don't want his community to know that he's working on another project.

I'm pretty sure it's this guy: https://github.com/kalgecin

SkyValeey

hero member

Activity: 560

Merit: 500

Dev is invisible because he's well known from other coin and don't want his community to know that he's working on another project.

Tree Fiddy

full member

Activity: 126

Merit: 100

Quote from: JakeThePanda on July 24, 2014, 11:51:10 AM

It does impact long-term investment. If you expected the market price to be 10k, than you will adjust your target to about 8200. Like I said, the risk/reward on this coin is still very favorable even with the total coin adjustment. You have the option of selling if you think it's overvalued. I'm not grasping at any straws, you are. If you read my post above you will see that I said the dev needs to explain.

The market will adjust by 20%. Anyone who owns coins just lost 20% of their investment. Tell me again how 20% inflation and an extra 4-5 million coins is grasping at straws.

SkyValeey

hero member

Activity: 560

Merit: 500

Quote from: louiswwwwwww on July 24, 2014, 11:47:33 AM

10000 -- 5000 -- 3333? Huh

-- 2500 -- ..... ... Huh

??

1666?

JakeThePanda

hero member

Activity: 644

Merit: 500

Quote from: Tree Fiddy on July 24, 2014, 11:45:23 AM

Quote from: JakeThePanda on July 24, 2014, 11:35:58 AM

Quote from: ?? on ??

Quote from: JakeThePanda on July 24, 2014, 11:30:14 AM

Quote from: Tree Fiddy on July 24, 2014, 11:27:22 AM

Quote from: JakeThePanda on July 24, 2014, 11:21:49 AM

Quote from: Tree Fiddy on July 24, 2014, 11:20:03 AM

Quote from: SkyValeey on July 24, 2014, 11:17:57 AM

Block 3001 !

Reward now 2500 !

Buy support rising... There'll be no more 600 sato LOL

This is actually a very big issue and means there will be more than 20 million coins.

24.5mm coins versus 20mm isn't as big of an issue as you are making it out to be, we just need an explanation from the dev.

20% inflation means your 1btc is now worth .8 Give me 20% of your income if you don't think it's a big deal.

Nothing has changed yet. The amount of coins currently outstanding and the current market cap are totally unaffected by this.

We will have more than 20 million coins at the end of these blocks and there will still be 2000 blocks to go. You can't be serious.

What part of currently outstanding do you not understand?

I understand that it means you only care about immediate profit. 20% inflation effects long term investment. You should point your questions towards the OP or dev rather than grasp at straws in my direction.

It does impact long-term investment. If you expected the market price to be 10k, than you will adjust your target to about 8200. Like I said, the risk/reward on this coin is still very favorable even with the total coin adjustment. You have the option of selling if you think it's overvalued. I'm not grasping at any straws, you are. If you read my post above you will see that I said the dev needs to explain.

louiswwwwwww

newbie

Activity: 59

Merit: 0

10000 -- 5000 -- 3333? Huh

-- 2500 -- ..... ... Huh

??

Tree Fiddy

full member

Activity: 126

Merit: 100

Quote from: JakeThePanda on July 24, 2014, 11:35:58 AM

Quote from: ?? on ??

Quote from: JakeThePanda on July 24, 2014, 11:30:14 AM

Quote from: Tree Fiddy on July 24, 2014, 11:27:22 AM

Quote from: JakeThePanda on July 24, 2014, 11:21:49 AM

Quote from: Tree Fiddy on July 24, 2014, 11:20:03 AM

Quote from: SkyValeey on July 24, 2014, 11:17:57 AM

Block 3001 !

Reward now 2500 !

Buy support rising... There'll be no more 600 sato LOL

This is actually a very big issue and means there will be more than 20 million coins.

24.5mm coins versus 20mm isn't as big of an issue as you are making it out to be, we just need an explanation from the dev.

20% inflation means your 1btc is now worth .8 Give me 20% of your income if you don't think it's a big deal.

Nothing has changed yet. The amount of coins currently outstanding and the current market cap are totally unaffected by this.

We will have more than 20 million coins at the end of these blocks and there will still be 2000 blocks to go. You can't be serious.

What part of currently outstanding do you not understand?

I understand that it means you only care about immediate profit. 20% inflation effects long term investment. Your energy would be better spent directing your questions towards the OP or dev rather than grasp at straws in my direction.

e-coinomist

legendary

Activity: 2380

Merit: 1085

Money often costs too much.

Quote from: SalimNagamato on July 24, 2014, 09:43:57 AM

whatever
i'm going to get rid of all my bitcoins go PES Tongue

Split the risk into equal halfes. Half your possible damage.

JakeThePanda

hero member

Activity: 644

Merit: 500

Quote from: ?? on ??

Quote from: JakeThePanda on July 24, 2014, 11:30:14 AM

Quote from: Tree Fiddy on July 24, 2014, 11:27:22 AM

Quote from: JakeThePanda on July 24, 2014, 11:21:49 AM

Quote from: Tree Fiddy on July 24, 2014, 11:20:03 AM

Quote from: SkyValeey on July 24, 2014, 11:17:57 AM

Block 3001 !

Reward now 2500 !

Buy support rising... There'll be no more 600 sato LOL

This is actually a very big issue and means there will be more than 20 million coins.

24.5mm coins versus 20mm isn't as big of an issue as you are making it out to be, we just need an explanation from the dev.

20% inflation means your 1btc is now worth .8 Give me 20% of your income if you don't think it's a big deal.

Nothing has changed yet. The amount of coins currently outstanding and the current market cap are totally unaffected by this.

We will have more than 20 million coins at the end of these blocks and there will still be 2000 blocks to go. You can't be serious.

What part of currently outstanding do you not understand? There will be 20,833,333 coins at the end of these blocks and 24.5mm coins at the end of PoW. I already stated that. You can sell your coins if you think it's a big deal. At current prices the market cap at the end of the PoW phase will be around 147K, based on 24.5mm coins. If you think that is a high valuation then sell your coins.

JakeThePanda

hero member

Activity: 644

Merit: 500

Quote from: Tree Fiddy on July 24, 2014, 11:27:22 AM

Quote from: JakeThePanda on July 24, 2014, 11:21:49 AM

Quote from: Tree Fiddy on July 24, 2014, 11:20:03 AM

Quote from: SkyValeey on July 24, 2014, 11:17:57 AM

Block 3001 !

Reward now 2500 !

Buy support rising... There'll be no more 600 sato LOL

This is actually a very big issue and means there will be more than 20 million coins.

24.5mm coins versus 20mm isn't as big of an issue as you are making it out to be, we just need an explanation from the dev.

20% inflation means your 1btc is now worth .8 Give me 20% of your income if you don't think it's a big deal.

Nothing has changed yet. The amount of coins currently outstanding and the current market cap are totally unaffected by this. So, currently, your BTC isn't diluted because of this. One thing is for sure, you are really grasping at straws to find FUD. You get an A for effort.

Topic: [ANN][PES] Pesa - Anonymous Coin - No Premine - Dynamic Interest - PoStr - page 98. (Read 181805 times)