Topic: [ANN][TRK] ★ Truckcoin ★ Pure PoS up to 200% per year ★ Cryptopia - page 40. (Read 141246 times)

These are just my ideas. Ive seen time and time again coins get inflated and value goes way down and people lose interest in the coin and volume is way down. I do want truck to have a good future, so anyway I can help I will. We have to ask the question: Truck has a great dev, it has a perfect wallet, its 200% per year, its been around a long time... why the lack of interest from investors and low price? I certainly think landing on Cryptsy with the rest of the high POS trusted mature coins will be a great start. Truck DOES belong with them. I think we need to make this thread more active to keep it bumped to the top of the altcoin/announcements section. I DO see the potential in Truck, there is just something we need to do to get it in with HBN ,CAP, and TEK. So one thing we could do is raise awareness on the Tek thread that Noise is one of the developers. Im not sure how to word it , because I dont know where Noise fits in with tek, and I dont want to upset Thundertoe. I also know that is some history with Presstab regarding truck. Can we get him to help us by endorsing Truckcoin? If we can get him to do 1 upgrade and put his name on it, truckcoin will fly. See Ratecoin. We need to make a plan. I can endorse truck on my site. I get 5000+ crypto visitors per week, and we can get on Cryptsy with HBN and Cap and Tek and promote Truck on Tek thread if Dev Thundertoe will allow. .... and Bio , I still think your awesome!!!


Vegas

Regarding the promo funding - TRK development fund wallet address is pRcEYJjZRoeCkyjG9jejM1HfLLdQDq6HTT , listed in the OP.

Current wallet balance is 107972 TRK - ready to be spent for promotion/pr but we need some ideas.

TRK does not need a swap, it is the worst idea for the coin i can ever imagine. TRK moneysupply is low for the high pos coin.
I will not discuss it anymore - as long as i'm the dev for Truckcoin there will be no swap.

I'm gonna get killed by two friends here

Vegas, that coin with a value over 1K sats is TEK. You're in it heavy

I actually think that you're wrong on HYP. not that it's value will go up PER COIN, but that's in itself pretty amazing considering it's production. It has held between 2 and 400 for a LONG time, and it's supply is nearly exponential. I think it's overall value, vs production, has actually increased. I'd have to do the math on that to be certain, but when the coin had a couple million, it was at 2000ish, and now that it's a whole hell of a lot more than that, it's still worth (an hour ago) 327 sats. Not bad performance at all, just not much value per token.

I personally think that TRK is fine as is for the most part, just needs some promotion and use cases. noise23 is a great code guy. Better than he thinks he is, cuz he can make my dumb ass mostly understand wallet code. Marketing, that he could use. I've no opinion on most of the ones you mentioned due to not having dealt with them. My coins are TEK, HBN, TRK, (just now) Version 2, HYP, and of course GMC since I'm it's general manager. Of the lot, I've done the best with TEK and HYP, in that order. TRK was largely a side note, but it works and works good. HBN is rather slow to build, but when it does it's quite profitable, if you don't do something stupid like breaking the hard drive with the wallet file (gnashing teeth). (had backups of everything else... )

I can not vote, maybe of my status.
But my vote is :keep 200% fixed.
For the same reason as Noise and others have posted.

I wouldn't change anything, things are working fine at this point from my point of view, except that, I have had problems with the default port being the same as Hyperstake and causing issues, how hard is this to change? 

There are many other similar such coins and others can be easily started from open source code.  I think it is important to work on promotion and the free flow of coins.  Stagnation is a worse problem than inflation in my opinion.

I think the 250 cap in combination with the block time will eventually put the breaks on inflation but right now we are producing coins faster than the community is growing so the price is low.  If the community grows we may all be complaining about missed opportunities. 

Sometimes you need to grease the wheels and give some product away for free so to speak to drive interest.  Just a few ideas but any interest in doing a video promotion contest?  Maybe offering bounties for blog postings or graphics?

TRK does not need a coin swap vegas. Horrible idea.

Tell us why you think CAP and TEK are the best pos coins ever but TRK is inflated?

Noise, please add option to poll : "Reduce money supply with coin swap" and just prove me wrong. Probably no one will click on it right? Please keep in mind, I want whats best for truck, thats all. I think if you did a swap AND added a moderate premine in, everyone would be fine with it, or a larger premine like 5% and use this money for promotions. 


Vegas

Dont you agree that HYP should be worth soooo much more with Presstab as dev?? Its been stuck at 200-300 sat forever. Thats all it will ever be worth, and Hyperstake has an aggresive marketing scheme, its the inflation holding it at 300 sat. HBN , one of the LOWEST money supplies has been rising in price. Truck is one of the best coins out and is stuck at <200 sat for months. Go head find me a coin that has been out a year or more and has 30 Million coins and has a value over 1000 sat? (excluding BTC/LTC).

Btw HYP and Truck are the two on the list that have the most money supply, and worth the least, AND they have the best devs!?!?!?

We can hire a qualified dev to do the swap. Ill pay for it. It wont destroy the coin. Everyone just uploads their coin to bittrex, and you send Bittrex the new wallet with instructions on the ratio, and they swap. When its ready users download their new coins into their new wallet. Bittrex handles most of it, there is no way to screw this up. I had heard that bittrex does not charge for coin swap, but not sure.

DMD (Diamond coin) is 2 years old, it has a money supply of 1.1M. Currently 177,000 sats. 50% pos, 7 day min stake. (Notice, this has the LOWEST money supply of them all, AND has the highest price). Market cap $500,000

Hypercoin (NOT HYP)- Over 1 year old. Money supply 4.5 Mil, current price 35,000 sats. 60% POS. 24 hr min stake age.

Orbitcoin (Orb). Over 2 years old Money supply 2 Million, 20,000 sats.

Vegas

I will not add swap option to the poll because you have to find another dev to do the swap, i'm not going to ruin quality coin.

TEK moneysupply - 22.7 mil
HBN moneysupply -12.7 mil
CAP moneysupply - 21.4 mil
HYP moneysupply - 262 mil
TRK moneysupply - 29.3 mil

TRK moneysupply is actually LOW. There are a lot of coins running pretty well with much higher moneysupply.

Look at the HYP - moneysupply is almost 10 times higher than ours but it's still doing great. That's because HYP has an excellent promotion team. Promo is the key, moneysupply does not matter (if it's not zillions of course).

I totally agree with you! Don't change a thing. This coin just needs promoted. Even without promotion Truck will sooner or later get on the radar screen of investors who can appreciate the worth of this coin. My offer to contribute coin and sweat to promotion is still on the table.

First: PLEASE Noise, can you add a third option to read on the voting system to read: Add inflation control with 50-200% diff based PoS rate AND do a coin swap to reduce the money supply to around 5 mil? I think youll be VERY surprised at the results. That is the only thing missing from truck to join the rest of the awesome hi pos coins people are beginning to store their money in.  

I agree, all the best highpos coins, the quality ones reside on Cryptsy. I would invest heavier in a coin swap. I know you said no, but the advanced traders shy away from coins with a money supply over 10 mil. I would even pay for most of the cost for the swap, because I believe truck has SOOO much going for it. If we could bring the supply down to around 3-5 Mil and then adjust the pos to read 50%-200% annual, and get on Cryptsy, this coin would fly, because I would certainly invest heavily into it. Reducing the money supply WILL also increase the value of the coin. Truck is just as good as all those other popular hipos coins that are doing so well on Cryptsy, it just needs a reduction in money supply. Thats all. Ill support you however I can. I agree , masternodes are just a trend and really wont help truck. Noise, just an announcement from you that you are drastically reducing the money supply will cause the coin price to go crazy. People trust you, your wallet is perfect. Your coin is trusted, just the supply fix is all it needs. IF you can start the supply at 1-3 Million, this wont be needed to be done again for a few years. I will fully support you in this any way I can.

To all other investors: Guys when a coin swap happends, lets say its 30:1 . The money supply becomes VERY rare, and more valuable. Also because there are less coins, the staking will be much more difficult keeping the money supply down and keeping prices high, and demand high.

Another way to look at this is all the coins that are popular that are 1 year old or more, and have a low coin supply under 5 Mil coins are ALL doing VERY well, and priced HIGH. Please find me the exception (Other than LTC and BTC). Then you have the extreme end of inflation like Snowballs and 10k from spots that had so many coins they were worth 0. You could not give them away, I tried. Even truck that was very new was selling for close to 1000 sat, and slowly declined, and it is one of the best coins out. The wallet is flawless!

Vegas

I put up a poll regarding implementing inflation control - please vote!

In my opinion we have to switch to difficulty based POS reward to avoid future hyperinflation.
I'd suggest 50-200% range, with 50% pos reward min threshold. It will keep inflation within the reasonable boundaries and POS rate still always be attractive.

Regarding exchanges, Bittrex is great for P&D/ICO coins but not for long term POS coins for some reason.
From my experience Cryptsy is the best for TRK. Many don't like it but the fact is that all POS coins live happily there.
Poloniex is great too.

Regarding master nodes, i can't get it at all - how master nodes could help TRK?
As far as i know they are used for darksend feature and to force node owners to hold coins.
TRK does not have darksend and does not need to force holders as it's a high POS coin and huge amounts always held for staking anyway.
Am i missing something with masternodes?

Yes I do remember giving you a hard time for changing the POS. I do apologize. I was wrong.After many more months experience in crypto, I see that money supply is VERY important, and that it must be in check. I understand now your reasons for the change. So, if you have no plans to implament master nodes, or reduce coin supply, or do a makeover on the wallet, what are your ideas? Truck is already on Bittrex, in my mind the best exchange to be on.

Vegas

TRK doesn't  have any "darksend" stuff, what's the point of master nodes?

I'm not going to do swap/start trk2/shrink moneysupply or do anything like that. Truckcoin needs a good promotion instead of pointless changes.

But for the future of the coin is would be good to reduce inflation - switch to 50-200% floating rate for example.

TRK is not inflated - current moneysupply is only 29.3 mil - it's not much at all.
(remember when i tried to reduce inflation and you were whining and crying here? and now you think it is inflated? LOL)

Truckcoin just needs a good promotion - currently it's getting no promotion at all.
Also Bittrex is not the best exchange for the coin like TRK, it would do much better on Cryptsy or Polo.

I think thats to small of a number , i like the Master Nodes Idea and maybe reducing the total number of coins but not that low id much rather see that number be 5mln - 10 mln or something like that.
If the master nodes would be implemented we could also consider reducing the Pos to 120 % or even 100% it will be more then that through compound interrest.
But this would be a lot of work for Noise so we should consider a % to donate to noise if we do a coinswap that could be calculated in.

Noise , I have to be honest, I think many people avoid this coin because it is inflated. I think it might be time to do a coin swap to raise the value and drop the money supply. Lets get the money supply around 500,00-1 mil at most. Also consider adding masternodes. Truck is a respected coin because its been around so long, and there is lots of trust there, it just needs a fresh look. A makeover on the wallet would be good too. Many of us would pitch in to help with the cost. We are already on Trex, so the exchange is not the issue, truck is just starting to feel a bit stale. Maybe call it Truck V2, so to really "drive" the point home, that its all new. You are VERY talented and very capable. Put a small premine in the new coin too for yourself, Im sure non of us would be opposed for your hard work. Now is a better time than ever, as people are looking for mature coins to safely store their money and gain interest. All the senior coins that are high POS have rose in value.

Vegas

Requested Poloniex add as wel:) gogo Polo!