Topic: [ANN][TAC] TalkCoin - page 31. (Read 266731 times)

We had unlimited supply and we are now limiting it, it's a much better situation then before.

We tried reducing the block reward in the past and it didn't work, the price tanked.

Its really sad to see that the "new team " is pretty much the same as the "old team" and does not give a fuck about what the community thinks. Everyone says the reward should be cut,everyone says there should be a vote. But they just say " nope, we will do it our way". I was supporting TAC a lot, i even still hold TAC ( sadly now i am a bagholder ), but you are really successfully killing the coin. You can see that in the price of the coin, you can see that in the interest in the thread, you can see that at the loosing of all the long supporters of the coin.
Good job.

继续热爱tac

Everyone on the team has got skin in the game, we are all committed to this long term.

Personally, a 5 block reward would have been better for us if we wanted to look after our bags and dump in the next month...  The supply curve we have proposed is the most unselfish view we could have taken.

Don't forget, we are still ensuring TAC will be used for communications, which will actually be destroyed at the genesis block this time around, not be spread amongst hidden addresses 

This is cryptocurrency, what is average coin age? Who will develop this for 3-5 years?
Let's make a roadmap for 3-5 years than.

I better leave this thread for few month, I suppose. Would be better for my nerves. I hope you will make it better.

TAC is only a few months old, the average IT project takes 3-5 years, we are still in the distribution phase.

They never listen. Stop producing coins, this WONT CREATE DEMAND. Cut the supply and START ADDING FEATURES to keep MINING PROFITABLE with LOW INFLATION.
That's how CRYPTO WORKS. LIMITED AMOUNT+ADDING FEATURES. More to be mined = more to be dumped. High block reward won't attract anyone. Low block reward ain't evil, high block reward won't cause miracles to happen.

Yes. Yes. Same as always. Same amount. I will more likely keep mining it if supply will be cut and profitability will be higher, like it was someday(due to adding features causing price growth).

No need to be rude, Andy. Read thread, everyone support the idea of cutting supply. You and your mates better listen to what community wants and deliver features. He is not trying to takeover, what he is trying to say is "please cut the inflation" with kind of aggresive "or I will take over this!", but that's not the point.
Before this, community asked about removing block reward vote, TEAM didn't listen(even tho you created a POLL and reacted like "whatever, we won't remove it anyway"). Everyone can see the consequences, dif drop 10x, price drop 20x. It was one of the most profitable coins, now it's one of the most non-profitable.

Besides, other problems are: everything is going way too slow for cryptoworld; lack of PR.

I wish this coin live and prosper, make your decisions and act, but decide wisely. Last time you didn't listen community, things went bad.

i think anyone with half a brain can see that last 3 months despite of features and developments, price fell 80-90%(from average of 4-5k to 500-600 satoshi). 3 Months ago we had smthing like 3M coins, now the demand is almost dead(no serious buyers in exchanges) we have 9M coins and you want to keep the speed of production of supply as its before, this doesn't make sense.This way, you will lose current investors as well they will dump their coins instead of buying more.

Thanks dav, agree 100%.  Cutting the supply on a coin that has been dumped isn't going to get anyone value back - we know people won't be interested in Talkcoin without us taking the features forward to start delivering value to real users.  We haven't mentioned this as we just want to get the hardfork done, but I hope people can recognize that a team of well known devs and investors like this wouldn't be working on Talkcoin in the current state if we didn't believe we can do this.

^ pretty much this ..

I don't know what is wrong with ppl , cutting the supply from one day to the next when you do a coin takeover isn't going to help anything.
The inflation is already MUCH lower than it was a couple months ago. And it will be reduced down the line.
I think the new curve is completly fair and fine.
And don't forget coins so far are being destroyed all the time when someone use chat features, reducing the supply over time , and could be significant if it get used a lot more in the future.

If the price rise , the interest / hashrate / difficulty will rise accordingly and don't forget there is no PoS here to maintain the blockchain ...We need miners and a lot of them to maintain a secure network.
What matter the most for this coin isn't the coin supply anyway , it is that it bring something new and useful. Noone care about yet another coin with low supply and nothing else to it.
Taking the coin over , cutting the supply and calling it a day wouldn't bring the price back up to 10k or over.
TAC need more features and interesting ones.

I support the new team completly and hope they do something great out of TAC and look forward to what they will do.

you use the word 'inflation' as if its bad - it's just increasing the supply.  If you don't do that, there won't be any coins.  We had this 'inflation' since the start (even more) and that got us to > $500k market cap before the issue of 'infinite supply' took hold and dumped the price same as HVC.  Now we are removing the infinite supply and setting 'inflation' to nearly half what is was 3 months ago so what's your point?

Why would anyone would invest in a coin where there is 20% inflation every month? And as we have seen so far inflation caused collapse of the prices and that dumper Dev as well.Now you come and say you will keep same inflation, myself as an investor i stopped buying TAC only bcos of this and as you can see people here complaining i'm not alone.This is that simple.

Strangely this guy who claiming to be the representative of the Bitocoin community against MtGox has no publication about Bitcoin or MtGox!
The summary of its historic:
- Some Talkcoin post since August 13!
- KiwiCoin
- VootCoin
- Harmonycoin
- BlackCatCoin
- Some other shitcoins

Btw I'm Satoshi Nakamato, can you please confirm your identity?

Are you mining the coin right now ? Are you planning to mine it ? How much hashing power will you put on it to support the network (now, tomorrow in a week, in a month later on ?)
How much TAC will you still have in 2 weeks after the take over (assuming the coin peak ?).
That's the question you should answer.

The plan I see in the open letter isn't a plan for a takeover but rather a plan for a pump within two weeks so that some big bagholders can dump most of their coins. (on penny stock this is still called a fraud but hey, this is the far west we all know it... ) If there is no miner, and honestly I don't see why anybody would mine for mostly no profit just to satisfy the greed of a bunch of bagholder, there is no coin. So no matter how large your bag is, it is worthless.

So I understand we all want to make profit but this cannot be done with excluding anybody, miner should find an interest in mining it, bagholder too.
Your plan favors only early adopters but completely ignore any newcomers and the miner who will keep the network alive.

Some people made already that mistake with the low reward voting, such that everyone wanted to get rid of the voting and the price went down when the reward decreased because it just looked as what it was: market manipulation...
Repeating the same mistake again with no other reason that you have a large bag of tac won't satisfy anybody and even not you because nobody will buy as it will just look like some market manipulation again

I would feel personally very uncomfortable mining (and quite frankly I would not mine it...) a coin with low reward for mostly nothing except keeping the network alive until early adopter feel like dumping.

Here the plan we proposed give some incentive to the miners, I don't think we forget either early adopters unless they want to get away within a week (but in that case, you can't consider yourself as a supporter of the coin or even as an investor for that matter... ).
The inflation is now limited, however we want to develop the coin over the long term and not for the next month, this is why we choose that plan.

And don't forget if you want to takeover the takeover (even if it is the most stupid idea ever...  ) that your takeover will fail if you exclude a fraction or another.

If the new team to really be able to accept your views, then you should see how many people want the total TAC can be controlled within 21 million. Now there are about 9 million, we do not want the expansion in 20%. We can accept every block 5TAC better.