Topic: [ANN][RDD] Reddcoin The Social Currency [PoSV] Electrum Wallet 1.0.2 - page 19. (Read 688979 times)

Had it open for 2 and a half day now, not a single coint minted. About 1.2m RDD in this wallet.

I'm selling individual cigarettes for 1,500 Redd a piece. HMU.

Where can I use my reddcoins currently?

What happened? small purchase and sales?

and to you.

Oh and if you wish to invest be sure to remember sell on the news, once/if the developer returns (been abscent for atleast a week now) there may be some news.

Coinbrief is heavily biased towards reddcoin, even utilizes it to tip others for retweets, essentially buying publicity for both them and their investment.

This is a forum, that is the point is to discuss.

Wait, my opinion makes me a troll?

Why I sold 10,000,000 RDD:

Let me tell everyone a little something about Reddcoin from my perspective... This coin started out under the fury of Dogecoin. Someone saw the success of the coin and made a similar coin. Even had a silly alien as the logo, notice the name Reddcoin is similar to REDDit and even has an alien logo? Hmmmm... And smart enough to neither confirm nor deny they were utilizing this wordplay to their gain... This "group" then setup a subreddit, and purchased subscribers and thousands of fake subscribers and spammed the new coin. They then had a very "quiet" IPO, which I suspect would have been to been allowed for "select" investors...

Then everyone was fighting in DOGEcoin some wanted to take the coin on a more "serious" path, others wanted to stay the way it has always been, fun, positive, and good, but not serious... Reddcoin saw the market and changed its logo, and at the same time people started to flock to it... The developers started to say "Hmmm I got something real here..."

So my 2 cents, Doge was a joke coin gone legit, Reddcoin is a scamcoin gone legit...

I am not saying to not invest because of that. But I digress...

So now you have a coin that wants to be incorperated into social media like Facebook, Twitter, etc... Which I think is genius especially when it comes to tipping artists (Soundcloud, DeviantArt etc...) But DOGE has attempted this, and many other coins have attempted this, why would Reddcoin prevail over all of those?

Also look at Dogecoin, it has TREMENDOUS success and huge milestones such as the world olympics and even a NASCAR car, but the price never budges... why? I believe market saturation. There are 88 BILLION DOGEcoin. That is 88,000 Millionaires!

Reddcoin has 26 Billion coins, 26,000,000,000! That is 1/3 of Dogecoin, mind you Dogecoin is the most widley accepted cryptocurrency of this kind and it is valued at 25 sats while maintaining 5x Redccoins volume. That's right, Reddcoin has 1/5 the volume of Dogecoin and is already nearly 85% of the value, so thinking it will go up is unlikely. There is not a single coin over 10,000,000,000 worth more than 25 satoshi.

Besides the huge available coin saturating the crypto world, there are literally 100's, pushing thousands, of coins offering the same service, and I promise you many will be moving into the social media market, but this one just doesn't fit the bill IMHO... And if FB, or any other social network, was willing to incorporate Reddcoin tipping, it would have done it by now... In fact that would have been a developers top priority, and if it wasn't, I would be concerned.

Have fun with this coin, as I have, but don't expect or chance any serious investment here.

Its very frustrating most of time they are sucking now I am trying to transfer all my RDD coins to Mintpal its much better

staking continues uninterrupted +833.64909176 and +303.49787604 (2 amounts in one day) added this time took 4 days to get there..

lets see what exchanges/reddit folks are doing

crypo reports ~ 0.00000017  buy/sell depth no visible sign of immediate break up in either direction, reddit next (for me that is by far more important what is said there) lets see

I love it (below), its things like that   and seems more people downloaded social wallet and checking it out

"After much struggle, many sleepless nights and a few packs of cigarettes my blackjack casino for reddcoin is nearly complete."

have a great Saturday all  

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reddcoin twitter does the same "mistake" as I, many are making.. short term thinking, but they mean well "heading north yeah" "no stopping now" etc etc lol, it will , I have a a gut feeling it will and its all for good fun, but many put 1000's$ into the venture so I understand

https://twitter.com/reddcoin

even with 1m reddcoins you can barely mint new coins and yes you need to keep the online wallet open

the only we could do atm is to wait for it to get fixed

are you serious? I'll better draw my own pick axe

Cryptsy wallet is currently offline while they perform system maintenance.
From yesterday? 0 confirmation ? what happened?

I just remembered that I have some RDD laying around (mined them back when RDD started) and migrated to the current v1.3.1.1-gd6a1106-beta wallet.

The wallet is encrypted and unlocked and says that it's staking and that I have to expect to earn a reward every 13 hours.

However, stake says always 0.00 RDD and I've received no rewards so far after 2 nights.

Does the wallet need to run continuously ALL the time for this?

Other POS wallets just catch up when you open them after a day or so...

http://www.reddcoin.com/papers/PoSV.pdf

Regarding PoSV: How is "activity" / "velocity" measured?

Now many exchanges giving this RDD exchange in LTC and BTC and Cryptsy is converting this in USD also but its need verification withdraw of $

Oh, I didn`t think of that.

Can you tell me on what currency is most profitable to exchange redds? And do you know an exchanger with not that much commissions?

Appreciate the answer!