Topic: [ANN][SPA] SpainCoin: freedom for Spain - Airdrop ended, last coins destroyed!! - page 57. (Read 347615 times)

I don't know i bought back in @ 0.0025 - 0.003 so i am a bag holder. 2000 coins.

I have not seen anything other than hope for this coin no real push i cannot say i am holding up much faith now to be honest. I think it has become a day traders coin now and well they will kill anything as long as they get 0.25 btc a day..

I will just hold now and see, it will be good or bad. But i think once we see coins going to Spanish people we will see a decline. Although 60 euro cents each is not going to help the people of Spain cannot even buy a good loaf of bread for that!

I think supply is not helping but i know nothing lol

Press:

http://www.cryptocoinsnews.com/2014/03/10/spaincoin-la-criptomoneda-que-sera-repartida-entre-los-espanoles/
http://www.ibtimes.co.uk/cryptocurrency-news-round-spaincoin-soars-auroracoin-drops-dogecoin-tweet-bitcoin-denial-1440615
http://www.ibtimes.co.uk/cryptocurrency-news-round-auroracoin-rebounds-100-days-dogecoin-mtgox-reopens-1440799
http://www.ibtimes.co.uk/cryptocurrency-news-round-auroracoin-uncertainty-dogecoin-venice-litecoin-support-1440894
http://www.cryptoarticles.com/crypto-news/2014/3/16/spaincoin-the-new-auroracoin-clone
http://ef-magazin.de/2014/03/17/5070-kryptowaehrungen-kopfgeld-an-islaender
http://www.tweaktown.com/news/36382/spaincoin-aims-to-stabilize-cryptocurrency-as-real-payment-method/
http://www.forexminute.com/cryptocurrency-news/inspired-by-litecoin-marketed-like-auroracoin-meet-the-new-digital-currency-of-spain-25712
http://www.dailydot.com/business/beyond-bitcoin-national-cryptocurrency-free-money/

I really hope Aurora and Spain coin will pick up, it will takes time but I do think some cryptos are just more than get rich scheme and pump and dump.
It is an opportunity for people to take the reins of their life, I don't know if they are educated enough but breaking masons banking systems, multinational lobbies and worldwide political corruption can start stopping those people printing easy money and use it to reduce people next to slavery.
Making some money out of it is fair but there are more deep implications than just that.

There is some stealth buying here for sure. With the recent turnaround and huge rise in AUR, SPA will definitely be pumped soon. Although the real magic will be to those who wait IF it is successful I say "if" because the whole cryptocurrency is still very much a gamble. But if it pays off, you could make some serious coin! (pun intended)

spa.pool.mn invites you to mine SpainCoin! 0% fee!
At pool.mn branded pools you will enjoy 0% fee and 100% uptime as ~2Gh/s worth of miners all over the world do!

1000 btc volume would be a desirable gift for this coin

with the price so low...
people keep pushing it down

soon 1000 btc volume 

what big dump?
the price is steady around 0.02 as always.
when merchants will accept it, moon.
and they will, their economy needs this boost.
as does spain.

also spa's dump was made with only 4 btc!
from 40 to 32, catch my drift?

if u dont buy now, so what's the point of trading? u could profit much

this coin will not just die, country coins are hyped and that's a fact open your eyes

need pump up now, otherwise  the 50% will sell at low price

happy i sold most of my SPA at 0.0007

Now Aur price goes upwards. That's good for SPA, I suppose.

but Aurora have a big dump... its not good for SPA  or  not?

i dont understand why everyone here is surprised that price fell to 30's
if u could see yesterday that all the big whales set their orders at 20's, AND NOW ARE FEEDING.
THIS IS MANIPULATION TO GET MORE COINS.
once they have fed we will see a critical uprise. THEY NEED TO PROFIT DONT FORGET.
also, not too many investors in it. 200 btc volume a day is respected but not serious enough.
look at bc with 1000 btc volume a day.
when the HYPE will start, we will see panic buying.
we all know this will be the next AUR.  
wait for cryptsy guys trust me.
big vern will not pass on the opperunity to add a major hyped market to cryptsy ;]

HOLD


also good dev much serious  :p

This type of approach only delays the inevitable... once the waiting period is over then everyone will still dump. The way to overcome this is to create a scenario where the demand is higher than the supply or the two are in equilibrium.

If the demand is high, then people will be more likely to hold. The fundamental problem with an airdrop is that the supply all of a sudden greatly outpaces the demand of the crypto community which is speculating on future prices (as in AUR). The scaling of SPA stages (100,50,25,10,1 SPA/person) helps create a scenario where early adopters are rewarded and will have more of a stake in Spaincoin than those who join in later stages. Knowing that you will have more SPA than future adopters puts people in a position of greater power and increases the likelihood of people holding air-dropped SPA; but only slightly. 

If the Spaincoin airdrop is handled delicately as I posted earlier (see below), with a steady premine supply that corresponds to mining contributions over time, it might be possible to keep supply/demand in check while an infrastructure is able to be developed for Spaincoin. On the other hand, if you provide a currency with no immediate uses to a large population while the value is high, then there will be no reason to hold and SPA will die.


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SpainCoinDev,

Let me first start off by saying how impressed I was with your ability to identify a problem with the coin (multipool abuse) and resolve the situation very quickly with the hardfork to scrypt-n. After seeing the course that AUR has taken with the airdrop, I think we can learn a few things about how to distribute the coin to Spain.

I think the best way to go about the airdrop is slow and steady. If you could keep the current influx of coins on the market the same rate as current mining allows, I think Spaincoin could be extremely successful.

Here is what a plan for distribution could look like to accomplish this:

1) On the day of the airdrop, cut the current mining rewards in half (from 100 SPA / 2 min to 50 SPA / 2 min). This would cut the number of mined coins per day from 72,000 to 36,000. You could now make up the other half of coins entering the market from the premine equal to 36,000 SPA / day. You could keep the same distribution Stages as previously proposed. Every Spanish citizen that claims their coins would take a number in line consistent to when they register for their coins. This would give you 360 people per day receiving their 100 SPA. At the rate of 36,000 SPA per day, it would take ~ 138 days to distribute the first stage of coins (5M).

2) At the beginning of stage 2, you will keep the mining rewards at 50 SPA / 2 min. This will maintain 36,000 SPA per day to come from mining. You will keep the same rate of coins per day to enter the market (72,000 SPA) by releasing 36,000 SPA/day to Spanish citizens at 50 SPA per day per person. Spanish citizens will again be assigned a number by when they register for their coins. The 2nd stage will grant 720 Spanish citizens 50 SPA/day and will take ~69 days to distribute the 2.5M coins.

3) At the beginning of stage 3, you will keep the mining rewards at 50 SPA / 2 min. This will maintain 36,000 SPA per day to come from mining. You will keep the same rate of coins per day to enter the market (72,000 SPA) by releasing 36,000 SPA/day to Spanish citizens at 25 SPA per day per person. Spanish citizens will again be assigned a number by when they register for their coins. The 3rd stage will grant 1440 Spanish citizens 25 SPA/day and will take ~69 days to distribute the 2.5M coins.

4) Stage 4 will be associated with a second mining reward halving from 50 to 25 SPA per 2 minutes. This will allow for 18,000 SPA/day to be released from mining. The total number of coins per day entering the market will remain at 72,000 SPA through the distribution of 54,000 SPA per day to Spanish citizens. At the stage 4 figures, 5,400 citizens will receive their 10 SPA/ day based again upon their registration number. The 8M coins will take ~148 days to distribute.

5) Stage 5 will maintain the same mining reward of 25 SPA / 2 min and a total of 18,000 SPA/day. At the stage 5 figures, 54,000 Spanish citizens will receive their 1 SPA per day based upon their registration number. The 7M coins will take ~129 days to distribute.

The distribution timeline will last for approximately 1.5 years in total based on this system. You could have block rewards continue to halve every 8 months for the remainder of coins to be mined following the last stage of distribution.

Overall, I believe a system like this will greatly aid in the widespread adoption of Spaincoin as well as help maintain/improve its value over time.

Stop selling market?

spending them on what exactly?