[ANN][SEED] SeedCoin | New Road Map - page 102.

tx42

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Quote from: ?? on ??

Quote from: tx42 on October 09, 2014, 02:04:59 PM

Actually, you want the coins in smart and strong hands.

If you say so... I would be hesitant to buy into a coin where a few guys have all the coins as if ONE decides to cash out the price will get hammered hard...

Except that smart people don't cash out all at once. In fact, smart people never cash out.

They take a very strong position in a coin then only trade with a small fraction of it. They are smart, so they have BTC laying around too. They use the BTC to support the price when it goes down, buying cheap coins. They sell their trading coins (a small part of their total) on spikes, understandably, and re-buy lower. All told it stabilizes the coin value and increases their holdings.

Long term trends are determined by the quality of the dev, not what big holders do. If you think a dev is good, buy the coin early and hold. No games or trading are needed. The only trick is in identifying good devs.

cryptzo

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Quote from: ?? on ??

Quote from: tx42 on October 09, 2014, 02:04:59 PM

Quote from: travis72682 on October 09, 2014, 01:56:17 PM

Quote from: Koontas on October 09, 2014, 01:42:45 PM

Quote from: tx42 on October 09, 2014, 01:39:44 PM

And it would be a shame and probably unethical to purposefully change the rules in the middle of it.

Agreed, I encourage the dev to let things go as they are.

I bet you guys have been taking advantage of it lol.. It doesnt bother me THAT much, unless 10 addresses end up with 80% of the coins as that would pretty much kill the coin.

Actually, you want the coins in smart and strong hands.

If you say so... I would be hesitant to buy into a coin where a few guys have all the coins as if ONE decides to cash out the price will get hammered hard...

We all buy Bitcoin. And while it's more than a few people that have 'all' the coins, everyone knows what would happen if someone suddenly dropped 100k btc on the market.

The true value of any coin is how much we value the coin ourselves. If the market value exceeds what we value the coin at, then we'll just trade out. If the market value is less than what we value the coin at, we buy in.

cryptzo

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Quote from: Koontas on October 09, 2014, 01:42:45 PM

Quote from: tx42 on October 09, 2014, 01:39:44 PM

And it would be a shame and probably unethical to purposefully change the rules in the middle of it.

Agreed, I encourage the dev to let things go as they are.

I made that decision days ago. It's something that could have been counted on right from the launch of the ico, since it's in black and white in the coin specs. I just hadn't considered it. If I had, I might have pointed it out during the ico to generate more interest in the ico itself... since if you bought a coin during the ico, and held the whole time, it'd be 5x more valuable than a coin bought right now.

scattercoin

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https://twitter.com/scattercoin
Short closed, Target Hit #btc #bitfinex

https://twitter.com/scattercoin

tx42

hero member

Activity: 742

Merit: 500

Quote from: travis72682 on October 09, 2014, 01:56:17 PM

Quote from: Koontas on October 09, 2014, 01:42:45 PM

Quote from: tx42 on October 09, 2014, 01:39:44 PM

And it would be a shame and probably unethical to purposefully change the rules in the middle of it.

Agreed, I encourage the dev to let things go as they are.

I bet you guys have been taking advantage of it lol.. It doesnt bother me THAT much, unless 10 addresses end up with 80% of the coins as that would pretty much kill the coin.

Actually, you want the coins in smart and strong hands.

forbesmining

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Activity: 297

Merit: 100

This coin has been huge fun, and the real fireworks are yet to start Tongue

I'll bet this type of coin will be copied again and again, and I'll keep playing.

travis72682

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Merit: 100

Quote from: Koontas on October 09, 2014, 01:42:45 PM

Quote from: tx42 on October 09, 2014, 01:39:44 PM

And it would be a shame and probably unethical to purposefully change the rules in the middle of it.

Agreed, I encourage the dev to let things go as they are.

I bet you guys have been taking advantage of it lol.. It doesnt bother me THAT much, unless 10 addresses end up with 80% of the coins as that would pretty much kill the coin.

cryptzo

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Merit: 100

Wheezy-

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Merit: 100

Also keep in mind, for him to get 26 seeds when he did, spent alot for them. His was likely the 10 btc buy up to 1 btc/coin, so he paysd an average of 0.25 to get those coins that early. Triple the current market price.

Wheezy-

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I agree as well, though not everyone understands POS equally, and so didn't even know some of the rules. Hence why I brought it up for discussion.

Koontas

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Activity: 784

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Quote from: tx42 on October 09, 2014, 01:39:44 PM

And it would be a shame and probably unethical to purposefully change the rules in the middle of it.

Agreed, I encourage the dev to let things go as they are.

tx42

hero member

Activity: 742

Merit: 500

Quote from: fayoling on October 09, 2014, 01:38:49 PM

Quote from: tx42 on October 09, 2014, 01:37:03 PM

Quote from: klopper on October 09, 2014, 12:56:30 PM

I for one think this is a bit cool. So many factors, so many different ways to "play".

This has to be the most fun altcoin i have seen. Great work.

Seriously.

You don't have to be rich to win here, just have a smart strategy.

Where else is this true in life except maybe chess?

Yeah, I have compared this to chess on so many occasions. I love it. To be good at chess, you need to play 3 moves ahead, for this, it helps to try and think about 5 moves ahead Cheesy

And it would be a shame and probably unethical to purposefully change the rules in the middle of it.

tx42

hero member

Activity: 742

Merit: 500

Quote from: james42 on October 09, 2014, 01:35:22 PM

Would these be reasonably accurate maths for someone like me with 5 coins:

Day 0 5
Day 1 18.45
Day 2 68.0805
Day 3 251.217045
Day 4 926.9908961
Day 5 3420.596406
Day 6 12622.00074
Day 7 46575.18273

That's what I get.

fayoling

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Activity: 882

Merit: 502

Quote from: tx42 on October 09, 2014, 01:37:03 PM

Quote from: klopper on October 09, 2014, 12:56:30 PM

I for one think this is a bit cool. So many factors, so many different ways to "play".

This has to be the most fun altcoin i have seen. Great work.

Seriously.

You don't have to be rich to win here, just have a smart strategy.

Where else is this true in life except maybe chess?

Yeah, I have compared this to chess on so many occasions. I love it. To be good at chess, you need to play 3 moves ahead, for this, it helps to try and think about 5 moves ahead Cheesy

tx42

hero member

Activity: 742

Merit: 500

Quote from: klopper on October 09, 2014, 12:56:30 PM

I for one think this is a bit cool. So many factors, so many different ways to "play".

This has to be the most fun altcoin i have seen. Great work.

Seriously.

You don't have to be rich to win here, just have a smart strategy.

Where else is this true in life except maybe chess?

james42

sr. member

Activity: 434

Merit: 250

Would these be reasonably accurate maths for someone like me with 5 coins:

Day 0 5
Day 1 18.45
Day 2 68.0805
Day 3 251.217045
Day 4 926.9908961
Day 5 3420.596406
Day 6 12622.00074
Day 7 46575.18273

Wheezy-

full member

Activity: 126

Merit: 100

Quote from: boxxa on October 09, 2014, 01:25:50 PM

Remember staking locks your coins to mature. Some people want to keep their coins free for the potential changes as there is a lot of unknowns on the next 10 hours when the PoS goes nuts.

I hate rich lists. Lol. Gotta move your coins to multiple addresses

Also, if you do stake all at once, that gives you a small window to move coins without losing much time if you move them just after they become immature.

I wonder if it's worthwhile to then resend all your coins back to yourself so they stake at once the following day, and another opportunity to move them.

james42

sr. member

Activity: 434

Merit: 250

Excuse my terrible maths then :-)

cryptzo

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Activity: 140

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Quote from: james42 on October 09, 2014, 01:05:48 PM

Quote from: cryptzo on October 09, 2014, 12:35:47 PM

At the very least I can say that there are ways to trump this that I have been completely aware of the whole time.

Care to share what these may be?

Also so the guy with 26 coins, and up to 7 days coin age, is basically in effect going to get maybe 13 days of 269% growth?
So is that 10 million coins or 100 million?

That kind of changes the whole dynamic of the coin doesn't it?

No. It multiplies, it isn't exponential. They get a bonus that first day, and that first day is just a flat multiple. At this point it looks like the guy with 26 coins is going to get 4 * 269% on his first day. After that, level playing field, and he has other issues to deal with that he may not have considered that would greatly reduce his supply.

Wheezy-

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Activity: 126

Merit: 100

Quote from: james42 on October 09, 2014, 01:05:48 PM

Quote from: cryptzo link=tc=795954.msg9142779#msg9142779 date=1412872547

At the very least I can say that there are ways to trump this that I have been completely aware of the whole time.

Care to share what these may be?

Also so the guy with 26 coins, and up to 7 days coin age, is basically in effect going to get maybe 13 days of 269% growth?
So is that 10 million coins or 100 million?

That kind of changes the whole dynamic of the coin doesn't it?

Its not nearly that many coins. If he has 4 days age, then day 1 thats 4x2.69x26 +26 = ~305 By day 6 thats 209 thousand, and if we even make it to day 7 thats 772,000.

Topic: [ANN][SEED] SeedCoin | New Road Map - page 102. (Read 184103 times)