[ANN][RDD] Reddcoin The Social Currency [PoSV] Electrum Wallet 1.0.2 - page 154.

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: ReddCoin on February 06, 2014, 10:03:40 PM

Quote from: nightengale on February 06, 2014, 09:48:18 PM

A brief follow-up -- to quote you, our Stage 1 total "should not go down". I took you at your word on that and hope I can continue to do so.

What do you recommend I should do if someone ask for a refund?

thanks

Reddcoin

Refund them. It'll increase my share on Stage 1 and I'll invest on Stage 2

nightengale

hero member

Activity: 574

Merit: 500

Quote from: ReddCoin on February 06, 2014, 10:46:08 PM

Quote from: nightengale on February 06, 2014, 10:39:46 PM

Quote from: ReddCoin on February 06, 2014, 10:03:40 PM

Quote from: nightengale on February 06, 2014, 09:48:18 PM

A brief follow-up -- to quote you, our Stage 1 total "should not go down". I took you at your word on that and hope I can continue to do so.

What do you recommend I should do if someone ask for a refund?

thanks

Reddcoin

Let me just ask a question: Does it seem fair that as people who have invested less than me get cold feet and pull out, a portion of my investment is taken away and given to others, much less given to those who are already receiving a greater return on their investment than me?

I must say however, I have to commend you for making good on your pledge to honor refund requests -- it sends a strong message to the community that you and your model can be trusted. I'd however prefer that everyone's Phase 1 total remain static, and if the development team would like to keep the refunded stake, I don't see a problem with that. I just don't want my reward continually diminished when people get spooked about the exchange rate or other news or even a lack of news.

...and @pseudonymdude: I'm not "freaking out", but rather voicing a valid concern as an investor.

Ok so I know what I will do next time I have a refund. I will change the investment value to 0.01 btc so the rank will not change and everyone will get more coins. What do you think?

thanks

Reddcoin

Everyone getting their stake increased just a little bit seems like a solid solution that no one can argue with. Thank you for your understanding and flexibility on this.

scrototeabaggins

full member

Activity: 252

Merit: 100

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ReddCoin

full member

Activity: 159

Merit: 100

Quote from: nightengale on February 06, 2014, 10:39:46 PM

Quote from: ReddCoin on February 06, 2014, 10:03:40 PM

Quote from: nightengale on February 06, 2014, 09:48:18 PM

A brief follow-up -- to quote you, our Stage 1 total "should not go down". I took you at your word on that and hope I can continue to do so.

What do you recommend I should do if someone ask for a refund?

thanks

Reddcoin

Let me just ask a question: Does it seem fair that as people who have invested less than me get cold feet and pull out, a portion of my investment is taken away and given to others, much less given to those who are already receiving a greater return on their investment than me?

I must say however, I have to commend you for making good on your pledge to honor refund requests -- it sends a strong message to the community that you and your model can be trusted. I'd however prefer that everyone's Phase 1 total remain static, and if the development team would like to keep the refunded stake, I don't see a problem with that. I just don't want my reward continually diminished when people get spooked about the exchange rate or other news or even a lack of news.

...and @pseudonymdude: I'm not "freaking out", but rather voicing a valid concern as an investor.

Ok so I know what I will do next time I have a refund. I will change the investment value to 0.01 btc so the rank will not change and everyone will get more coins. What do you think?

thanks

Reddcoin

nightengale

hero member

Activity: 574

Merit: 500

Quote from: ReddCoin on February 06, 2014, 10:03:40 PM

Quote from: nightengale on February 06, 2014, 09:48:18 PM

A brief follow-up -- to quote you, our Stage 1 total "should not go down". I took you at your word on that and hope I can continue to do so.

What do you recommend I should do if someone ask for a refund?

thanks

Reddcoin

Let me just ask a question: Does it seem fair that as people who have invested less than me get cold feet and pull out, a portion of my investment is taken away and given to others, much less given to those who are already receiving a greater return on their investment than me?

I must say however, I have to commend you for making good on your pledge to honor refund requests -- it sends a strong message to the community that you and your model can be trusted. I'd however prefer that everyone's Phase 1 total remain static, and if the development team would like to keep the refunded stake, I don't see a problem with that. I just don't want my reward continually diminished when people get spooked about the exchange rate or other news or even a lack of news.

...and @pseudonymdude: I'm not "freaking out", but rather voicing a valid concern as an investor.

novahash

member

Activity: 84

Merit: 10

Novahash Pools

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pseudonymdude

legendary

Activity: 896

Merit: 1000

nightengale,

Take it easy. He obviously meant with the caveat that no one asks for a refund. Stop freaking out over a 0.5% increase or decrease.

Reddcoin,

You're doing the right thing with allowing people to ask for refunds. Great work!

ReddCoin

full member

Activity: 159

Merit: 100

Quote from: nightengale on February 06, 2014, 09:48:18 PM

A brief follow-up -- to quote you, our Stage 1 total "should not go down". I took you at your word on that and hope I can continue to do so.

What do you recommend I should do if someone ask for a refund?

thanks

Reddcoin

nightengale

hero member

Activity: 574

Merit: 500

Quote from: ReddCoin on February 02, 2014, 12:22:04 PM

Quote from: MartiniBlanco on February 02, 2014, 12:12:49 PM

Still wondering why the amount of IPCO Stage 1 coins is still shrinking with new investors coming on board??

Hi

It should not go down. Let me check in the next hours to make sure, I let you know. All transaction are registered so it's not a problem.

thanks

Reddcoin

A brief follow-up -- to quote you, our Stage 1 total "should not go down". I took you at your word on that and hope I can continue to do so.

ReddCoin

full member

Activity: 159

Merit: 100

Quote from: nightengale on February 06, 2014, 09:33:21 PM

I took a screenshot shortly after Stage 1 closed. It's now slightly lower. If people below me have requested refunds, then that could lower me slightly on the bell curve right? Don't you guys know what's going on with your own software? This is really concerning.

On 20140202 at 0800 (-0600 GMT) my Stage 1 balance was 24,250,070
On 20140202 at 1954 (-0600 GMT) my Stage 1 balance was 24,156,715

Now...

On 20140206 at 2030 (-0600 GMT) my Stage 1 balance is 24,149, 143.

Slightly, but continually decreasing. I recommend these values be made static in the table.

If my Stage 1 balance decreases again, I will be requesting a refund. With this type of IPCO model, accurate and honest accounting is essential.

It is accurate and honest. Add them up in excel.

Sum of stage one IPO = 2,200,000,021
Sum of stage two IPO = 3,249,999,950

thanks

Reddcoin

Quote from: ReddCoin on February 06, 2014, 09:28:41 PM

You are right now I understand. The person who got a refund was probably under you so your Rank (x) and Coefficient (y) decreased when he left.

If you add all stage 1 coins, it add up to 2.2 billions. I can't hide them.

thanks

Reddcoin

novahash

member

Activity: 84

Merit: 10

Novahash Pools

Reddcoin Pool

http://rdd.novahash.org/ updated to v 1.1

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steyast012

member

Activity: 90

Merit: 10

Quote from: ReddCoin on February 06, 2014, 09:28:41 PM

Quote from: steyast012 on February 06, 2014, 09:24:02 PM

Quote from: ReddCoin on February 06, 2014, 09:08:15 PM

Are you sure it decreased? Someone ask for a refund yesterday so it went up.

First was at 223,744,408, now 224,006,752.

thanks

Reddcoin

Are I'm sure it decreased, beginning February 2, I have to take notes,

First was at 35,336,342, now 35,329,049.

I hope Reddcoin can be recorded. Or Screenshot

You are right now I understand. The person who got a refund was probably under you so your Rank (x) and Coefficient (y) decreased when he left.

If you add all stage 1 coins, it add up to 2.2 billions. I can't hide them.

thanks

Reddcoin

Thank Reddcoin

nightengale

hero member

Activity: 574

Merit: 500

I took a screenshot shortly after Stage 1 closed. It's now slightly lower. If people below me have requested refunds, then that could lower me slightly on the bell curve right? Don't you guys know what's going on with your own software? This is really concerning.

On 20140202 at 0800 (-0600 GMT) my Stage 1 balance was 24,250,070
On 20140202 at 1954 (-0600 GMT) my Stage 1 balance was 24,156,715

Now...

On 20140206 at 2030 (-0600 GMT) my Stage 1 balance is 24,149, 143.

Slightly, but continually decreasing. I recommend these values be made static in the table.

If my Stage 1 balance decreases again, I will be requesting a refund. With this type of IPCO model, accurate and honest accounting is essential.

ReddCoin

full member

Activity: 159

Merit: 100

Quote from: steyast012 on February 06, 2014, 09:24:02 PM

Quote from: ReddCoin on February 06, 2014, 09:08:15 PM

Are you sure it decreased? Someone ask for a refund yesterday so it went up.

First was at 223,744,408, now 224,006,752.

thanks

Reddcoin

Are I'm sure it decreased, beginning February 2, I have to take notes,

First was at 35,336,342, now 35,329,049.

I hope Reddcoin can be recorded. Or Screenshot

You are right now I understand. The person who got a refund was probably under you so your Rank (x) and Coefficient (y) decreased when he left.

If you add all stage 1 coins, it add up to 2.2 billions. I can't hide them.

thanks

Reddcoin

steyast012

member

Activity: 90

Merit: 10

Quote from: ReddCoin on February 06, 2014, 09:08:15 PM

Are you sure it decreased? Someone ask for a refund yesterday so it went up.

First was at 223,744,408, now 224,006,752.

thanks

Reddcoin

Are I'm sure it decreased, beginning February 2, I have to take notes,

First was at 35,336,342, now 35,329,049.

I hope Reddcoin can be recorded. Or Screenshot

ReddCoin

full member

Activity: 159

Merit: 100

Are you sure it decreased? Someone ask for a refund yesterday so it went up.

First was at 223,744,408, now 224,006,752.

thanks

Reddcoin

nightengale

hero member

Activity: 574

Merit: 500

Quote from: steyast012 on February 06, 2014, 08:53:35 PM

Hello, I found Coins stage 1 also becomes less! Sad

I recorded it:
ID: 110
Coins stage 1: 35,329,049

My Stage 1 total has also decreased slightly (ID 343) -- would like Reddcoin to address this!

steyast012

member

Activity: 90

Merit: 10

Hello, I found Coins stage 1 also becomes less! Sad

I recorded it:
ID: 110
Coins stage 1: 35,329,049

ReddCoin

full member

Activity: 159

Merit: 100

Quote from: bitbox on February 06, 2014, 08:05:07 PM

I've just noticed that http://rdd.coinarmy.com pool shows diff 59.11. Does it mean they are on old version?

Yes they didn't update, thanks for the info.

Reddcoin

novahash

member

Activity: 84

Merit: 10

Novahash Pools

Quote from: bitbox on February 06, 2014, 08:05:07 PM

I've just noticed that http://rdd.coinarmy.com pool shows diff 59.11. Does it mean they are on old version?

http://rdd.novahash.org/ has updated to v 1.1. Switch over if your pool hasn't updated.

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Topic: [ANN][RDD] Reddcoin The Social Currency [PoSV] Electrum Wallet 1.0.2 - page 154. (Read 688981 times)