[ANN][STD] StandardCoin - BUILT-IN EXCHANGE - Permanently Rising Rate - page 17.

ghibly79

legendary

Activity: 1218

Merit: 1006

Crypto entrepreneur and consultant

Quote from: standardcoin on March 27, 2014, 08:16:44 AM

Quote from: alnitak on March 27, 2014, 08:15:17 AM

Quote from: standardcoin on March 27, 2014, 08:06:18 AM

The earlier investor is investor A not investor 1. Investor A is the one who joined the Price Valuation Phase.
Investor 1 is just an example, he re-present for all the Initial Investors, who hold 100m STD.

You cannot describe a hypothetical "Investor 1" withdrawing his funds without explaining exactly what investment that very same person made in the first place, and how many STD they got for that investment.

The Investor 1 got his 100m STD in the Price Valuation Phase, which costs him 40 BTC.

And then 100 mil more are mined and sold for 40 btc (cause value is fixed). Using those 40 btc initial investment. Then investor 1 wants to sell back his 100mil std, which costed him 40 btc but OH WAIT no btc are left.

Not a scammer, just bad "quality" post :trollface:

Turpomann

full member

Activity: 154

Merit: 100

Quote from: ghibly79 on March 27, 2014, 08:14:24 AM

Quote from: Turpomann on March 27, 2014, 08:10:55 AM

Quote from: ghibly79 on March 27, 2014, 07:54:43 AM

Quote from: Turpomann on March 27, 2014, 07:45:57 AM

Quote from: ghibly79 on March 27, 2014, 06:12:56 AM

Mods don't remove scams, you have to read and find out yourself (here my explanation).

I notified Tomatocage too.

Huh! It's not cool to misuse the trust system like that. What if everybody begin to do that?

We all get the scam accusations already. Are you going to give negative trust to everyone who doesn't agree with you?

No I'm not.
I'm tagging SCAMMERS. Maths there, no opinions, no "disagreement".
You can still choose to get scammed if you are fooled by a couple of simple formulas, your choice of course. But a fair warning may spare some distracted user to be a victims.

Quote from: nbphuoc on March 27, 2014, 07:49:25 AM

- Do not rate people based on the quality of their posts.

"Quality" of the post has nothing to do with this. It's a plain, blatant scam. It's a fraud, so op is not trustworthy. I'm perfectly in line with trust system guidelines.
Matematical proof here --> https://bitcointalksearch.org/topic/m.5919351

No, you are misusing the system. There's no way around it. You clearly justify your negative feedback on the quality of his posts. Trust system is meant for trading. You can't redefine the rules how you like. I agree it's good to warn about scams, but nobody likes bullies.

Again: no. A bad quality but HONEST post will not be tagged. If he's trying to scam people money it has nothing to do with quality.
Are you just a troll or another OP sockpuppet?

Are you trying to bully me? What fucking sockpuppet? Fuck you really! From now on, I put you to my ignore list.

standardcoin

newbie

Activity: 28

Merit: 0

Quote from: alnitak on March 27, 2014, 08:15:17 AM

Quote from: standardcoin on March 27, 2014, 08:06:18 AM

The earlier investor is investor A not investor 1. Investor A is the one who joined the Price Valuation Phase.
Investor 1 is just an example, he re-present for all the Initial Investors, who hold 100m STD.

You cannot describe a hypothetical "Investor 1" withdrawing his funds without explaining exactly what investment that very same person made in the first place, and how many STD they got for that investment.

The Investor 1 got his 100m STD in the Price Valuation Phase, which costs him 40 BTC.

alnitak

newbie

Activity: 19

Merit: 0

Quote from: standardcoin on March 27, 2014, 08:06:18 AM

The earlier investor is investor A not investor 1. Investor A is the one who joined the Price Valuation Phase.
Investor 1 is just an example, he re-present for all the Initial Investors, who hold 100m STD.

You cannot describe a hypothetical "Investor 1" withdrawing his funds without explaining exactly what investment that very same person made in the first place, and how many STD they got for that investment.

ghibly79

legendary

Activity: 1218

Merit: 1006

Crypto entrepreneur and consultant

Quote from: Turpomann on March 27, 2014, 08:10:55 AM

Quote from: ghibly79 on March 27, 2014, 07:54:43 AM

Quote from: Turpomann on March 27, 2014, 07:45:57 AM

Quote from: ghibly79 on March 27, 2014, 06:12:56 AM

Mods don't remove scams, you have to read and find out yourself (here my explanation).

I notified Tomatocage too.

Huh! It's not cool to misuse the trust system like that. What if everybody begin to do that?

We all get the scam accusations already. Are you going to give negative trust to everyone who doesn't agree with you?

No I'm not.
I'm tagging SCAMMERS. Maths there, no opinions, no "disagreement".
You can still choose to get scammed if you are fooled by a couple of simple formulas, your choice of course. But a fair warning may spare some distracted user to be a victims.

Quote from: nbphuoc on March 27, 2014, 07:49:25 AM

- Do not rate people based on the quality of their posts.

"Quality" of the post has nothing to do with this. It's a plain, blatant scam. It's a fraud, so op is not trustworthy. I'm perfectly in line with trust system guidelines.
Matematical proof here --> https://bitcointalksearch.org/topic/m.5919351

No, you are misusing the system. There's no way around it. You clearly justify your negative feedback on the quality of his posts. Trust system is meant for trading. You can't redefine the rules how you like. I agree it's good to warn about scams, but nobody likes bullies.

Again: no. A bad quality but HONEST post will not be tagged. If he's trying to scam people money it has nothing to do with quality.
Are you just a troll or another OP sockpuppet?

Turpomann

full member

Activity: 154

Merit: 100

Quote from: ghibly79 on March 27, 2014, 07:54:43 AM

Quote from: Turpomann on March 27, 2014, 07:45:57 AM

Quote from: ghibly79 on March 27, 2014, 06:12:56 AM

Mods don't remove scams, you have to read and find out yourself (here my explanation).

I notified Tomatocage too.

Huh! It's not cool to misuse the trust system like that. What if everybody begin to do that?

We all get the scam accusations already. Are you going to give negative trust to everyone who doesn't agree with you?

No I'm not.
I'm tagging SCAMMERS. Maths there, no opinions, no "disagreement".
You can still choose to get scammed if you are fooled by a couple of simple formulas, your choice of course. But a fair warning may spare some distracted user to be a victims.

Quote from: nbphuoc on March 27, 2014, 07:49:25 AM

- Do not rate people based on the quality of their posts.

"Quality" of the post has nothing to do with this. It's a plain, blatant scam. It's a fraud, so op is not trustworthy. I'm perfectly in line with trust system guidelines.
Matematical proof here --> https://bitcointalksearch.org/topic/m.5919351

No, you are misusing the system. There's no way around it. You clearly justify your negative feedback on the quality of his posts. Trust system is meant for trading only. You can't redefine the rules how you like. I agree it's good to warn about scams, but nobody likes bullies.

standardcoin

newbie

Activity: 28

Merit: 0

Quote from: alnitak on March 27, 2014, 07:58:53 AM

There's an error in the calculations on their website:

Quote

Investor 1 decided to take profit. They sell 100,000,000 STD back to the store at the current GER rate which is 40 satoshi

Investor 1 will receive 40 BTC.
AMC is STILL 160 BTC
GER is STILL 0.000000040 BTC (~ 40 satoshi)
Stored STD is: 50,000,000 + 100,000,000 = 150,000,000 STD
The AMC is not affeted by this selling activity.
GER still stays at 40 satoshi no matter what.

It's completely incorrect, because according to a few paragraphs earlier, Investor 1 only got 25,000,000 STD for their initial 10 BTC. They're not withdrawing at a profit, they only get back the same number of BTC as they put in!

The earlier investor is investor A not investor 1. Investor A is the one who joined the Price Valuation Phase.
Investor 1 is just an example, he re-present for all the Initial Investors, who hold 100m STD.

I've just fixed the formula on the Exchange page. We will use a new concept called: Step - AMC
Basically. The buying price will based on the next-step AMC, not the current one. This will make sure that all the new investors in the current round will buy at the same price.
Will deploy the new calculator in a moment.

ghibly79

legendary

Activity: 1218

Merit: 1006

Crypto entrepreneur and consultant

It's so simple I'm amazed at people stupidity tbh.

Maybe numbers intimidate you?

Can be explained without numbers even: initial investors pour some btcs in and they receive some (not all) standard coins for that. Still the value of std is calculated by dividing btc invested by TOTAL MAX number of coins. But part of std coins are bought off others (miners). With whom bitcoins? Initial investors' (cause there are only those in the system). So now initial investors can't get back all their invested btc anymore, only the remaining.

If new investors come in and pour some more btc, when they sell back they'll get that same btc they poured in PLUS SOME MORE cause they raised the value by buying (by design it can only rise). And where are you getting those extra btc to pay them the premium? Again, from initial investors, who then lose money. On the other hand if initial investors sell back before new investors, new investors lose money instead.

Last seller will be left holding the bag and losing money. It's called a PONZI SCHEME

Stay away from cryptos if you have this poor understanding of basic (elementary school) maths and economics.

alnitak

newbie

Activity: 19

Merit: 0

There's an error in the calculations on their website:

Quote

Investor 1 decided to take profit. They sell 100,000,000 STD back to the store at the current GER rate which is 40 satoshi

Investor 1 will receive 40 BTC.
AMC is STILL 160 BTC
GER is STILL 0.000000040 BTC (~ 40 satoshi)
Stored STD is: 50,000,000 + 100,000,000 = 150,000,000 STD
The AMC is not affeted by this selling activity.
GER still stays at 40 satoshi no matter what.

It's completely incorrect, because according to a few paragraphs earlier, Investor 1 only got 25,000,000 STD for their initial 10 BTC. They're not withdrawing at a profit, they only get back the same number of BTC as they put in!

ghibly79

legendary

Activity: 1218

Merit: 1006

Crypto entrepreneur and consultant

Quote from: Turpomann on March 27, 2014, 07:45:57 AM

Quote from: ghibly79 on March 27, 2014, 06:12:56 AM

Mods don't remove scams, you have to read and find out yourself (here my explanation).

I notified Tomatocage too.

Huh! It's not cool to misuse the trust system like that. What if everybody begin to do that?

We all get the scam accusations already. Are you going to give negative trust to everyone who doesn't agree with you?

No I'm not.
I'm tagging SCAMMERS. Maths there, no opinions, no "disagreement".
You can still choose to get scammed if you are fooled by a couple of simple formulas, your choice of course. But a fair warning may spare some distracted users to be victims.

Quote from: nbphuoc on March 27, 2014, 07:49:25 AM

- Do not rate people based on the quality of their posts.

"Quality" of the post has nothing to do with this. It's a plain, blatant scam. It's a fraud, so op is not trustworthy. I'm perfectly in line with trust system guidelines.
Matematical proof here --> https://bitcointalksearch.org/topic/m.5919351

nbphuoc

sr. member

Activity: 448

Merit: 250

Quote from: Turpomann on March 27, 2014, 07:45:57 AM

Quote from: ghibly79 on March 27, 2014, 06:12:56 AM

Mods don't remove scams, you have to read and find out yourself (here my explanation).

I notified Tomatocage too.

Huh! It's not cool to misuse the trust system like that. What if everybody begin to do that?

We all get the scam accusations already. Are you going to give negative trust to everyone who doesn't agree with you?

Yes, seems like he misused the trust system.

Quote from: theymos on May 21, 2013, 06:23:33 AM

On feedback pages, you can leave trade feedback. There are no rules for this, but here are some guidelines:
- List all of the trades that you do with people (or at least the major ones). This is not like #bitcoin-otc where you give people just one score.
- Do not rate people based on the quality of their posts.

Turpomann

full member

Activity: 154

Merit: 100

Quote from: ghibly79 on March 27, 2014, 06:12:56 AM

Mods don't remove scams, you have to read and find out yourself (here my explanation).

I notified Tomatocage too.

Huh! It's not cool to misuse the trust system like that. What if everybody begin to do that?

We all get the scam accusations already. Are you going to give negative trust to everyone who doesn't agree with you?

Freew

newbie

Activity: 2

Merit: 0

Quote from: Merratzz on March 26, 2014, 03:04:36 AM

Hello Everyone

http://std.pool-to-pool.com/Standard.png

Here is new stable Standardcoin Mining Pool

http://std.pool-to-pool.com

-->>> First 30 User flagged to no fee for live time!!!

Overview:

- Location EU (Germany)

- VARDIFF SUPPORT
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- Prop PAYOUT

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everyone is welcome...

Thanks

Merratzz

pool-to-pool.com Team

Good Pool ;-)

ghibly79

legendary

Activity: 1218

Merit: 1006

Crypto entrepreneur and consultant

Mods don't remove scams, you have to read and find out yourself (here my explanation).

I notified Tomatocage too.

LammerOutsider

newbie

Activity: 55

Merit: 0

conf pls? :/

ghibly79

legendary

Activity: 1218

Merit: 1006

Crypto entrepreneur and consultant

Quote from: arz on March 27, 2014, 01:52:28 AM

Quote from: Turpomann on March 27, 2014, 12:03:54 AM

How about changing the abbreviation STD to something not so sexually transmitted? I know that most of the suitable ones are already taken, but something like STDC, SDD, SND are much better than STD for obvious reason. Wink

It'd be better if you change to any name except STD lol

No the name fits perfectly: in the case of sexual transmitted diseases you get bad things for wanting a quick reward not using precautions.
Same here xD

ghibly79

legendary

Activity: 1218

Merit: 1006

Crypto entrepreneur and consultant

Quote from: standardcoin on March 26, 2014, 09:55:10 PM

Quote from: NickPortland on March 26, 2014, 09:51:53 PM

Come on, who's giving the dev negative Trust points?

You can't just do that faking transactions and deals.

He should report the culprits to mods.

A kid couldn't understand the system even I tried to explain it to him a few times.
After I told him to go learn some basic maths first. He gave me a negative feedback. lol.

Me, trying to get less people scammed by this ponzi.
But starting to think you deserve to be scammed (some of you).

I understood the ~~syst~~ ponzi perfectly and have given thoroughly explanations for dummies there, for those who care to read.

He has another 2 neg feedbacks beside mine (expand untrusted), btw.

arz

sr. member

Activity: 261

Merit: 250

Quote from: Turpomann on March 27, 2014, 12:03:54 AM

How about changing the abbreviation STD to something not so sexually transmitted? I know that most of the suitable ones are already taken, but something like STDC, SDD, SND are much better than STD for obvious reason. Wink

It'd be better if you change to any name except STD lol

Turpomann

full member

Activity: 154

Merit: 100

How about changing the abbreviation STD to something not so sexually transmitted? I know that most of the suitable ones are already taken, but something like STDC, SDD, SND are much better than STD for obvious reason. Wink

Kreativekrypto

full member

Activity: 196

Merit: 100

Standard if the multipool is private will you be sending out PM's to your supporters/investors?

Topic: [ANN][STD] StandardCoin - BUILT-IN EXCHANGE - Permanently Rising Rate - page 17. (Read 48005 times)