★★★ [ANN][VLC] ValueCoin | The real valuable coin | Launched - page 3.

theofilos921

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Quote from: c1010010 on September 09, 2013, 11:15:13 AM

Quote from: daserpent1 on September 09, 2013, 08:13:28 AM

Quote from: c1010010 on September 07, 2013, 03:49:35 PM

Totally reasonable question.

Here is the honest answer. VLC was billed as a new coin with a "fair launch" structure. One that allowed mining to happen in such a way where the general community could benefit and not just the first miners to join in. See the Original Post.

After a bit of discussion and investigation into the source it was determined that the code was written so that the first block mined was worth 1,000,000 coins. then the "fair" kicked in.

So, 1M out of the current 3M are owned by one person and done, what I would call, semi-secretly. Hardly what I would call fair.

So, that is why *I* am down on it. It is profitable to mine, no doubt, but as soon as there is value in the coin and the owner of the 1M decides to dump, you, the one who spent time mining, are left holding a ton of useless coins.

Quote from: daserpent1 on September 07, 2013, 09:00:44 AM

Why are you guys being so negative? Look, VLC is in the top most valuable coins to mine right now.

I think he already mentioned that he doesnt have 1M with him,rather only 200k or so? There are people with more than that many VLC (from mining) and i think all of us are smart enough to not just dump all the coins at once and be left with nothing. So dont be so sad about this. I have 100k+ vlc too and i am okay. I am just waiting for it to go on cryptsy so that i can start trading.

Well, in all seriousness, I do wish you well. I hope it turns out to be a successful coin. I was 100% bought in to it at the start, and I think the cryptocoin world in an interesting place to be.

Success in one coin is good for all coins.

Peace.

talk to phenixex maybe they can list VLC...or make i large giveaway event

c1010010

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Activity: 275

Merit: 250

Quote from: daserpent1 on September 09, 2013, 08:13:28 AM

Quote from: c1010010 on September 07, 2013, 03:49:35 PM

Totally reasonable question.

Here is the honest answer. VLC was billed as a new coin with a "fair launch" structure. One that allowed mining to happen in such a way where the general community could benefit and not just the first miners to join in. See the Original Post.

After a bit of discussion and investigation into the source it was determined that the code was written so that the first block mined was worth 1,000,000 coins. then the "fair" kicked in.

So, 1M out of the current 3M are owned by one person and done, what I would call, semi-secretly. Hardly what I would call fair.

So, that is why *I* am down on it. It is profitable to mine, no doubt, but as soon as there is value in the coin and the owner of the 1M decides to dump, you, the one who spent time mining, are left holding a ton of useless coins.

Quote from: daserpent1 on September 07, 2013, 09:00:44 AM

Why are you guys being so negative? Look, VLC is in the top most valuable coins to mine right now.

I think he already mentioned that he doesnt have 1M with him,rather only 200k or so? There are people with more than that many VLC (from mining) and i think all of us are smart enough to not just dump all the coins at once and be left with nothing. So dont be so sad about this. I have 100k+ vlc too and i am okay. I am just waiting for it to go on cryptsy so that i can start trading.

Well, in all seriousness, I do wish you well. I hope it turns out to be a successful coin. I was 100% bought in to it at the start, and I think the cryptocoin world in an interesting place to be.

Success in one coin is good for all coins.

Peace.

daserpent1

sr. member

Activity: 435

Merit: 250

Quote from: c1010010 on September 07, 2013, 03:49:35 PM

Totally reasonable question.

Here is the honest answer. VLC was billed as a new coin with a "fair launch" structure. One that allowed mining to happen in such a way where the general community could benefit and not just the first miners to join in. See the Original Post.

After a bit of discussion and investigation into the source it was determined that the code was written so that the first block mined was worth 1,000,000 coins. then the "fair" kicked in.

So, 1M out of the current 3M are owned by one person and done, what I would call, semi-secretly. Hardly what I would call fair.

So, that is why *I* am down on it. It is profitable to mine, no doubt, but as soon as there is value in the coin and the owner of the 1M decides to dump, you, the one who spent time mining, are left holding a ton of useless coins.

Quote from: daserpent1 on September 07, 2013, 09:00:44 AM

Why are you guys being so negative? Look, VLC is in the top most valuable coins to mine right now.

I think he already mentioned that he doesnt have 1M with him,rather only 200k or so? There are people with more than that many VLC (from mining) and i think all of us are smart enough to not just dump all the coins at once and be left with nothing. So dont be so sad about this. I have 100k+ vlc too and i am okay. I am just waiting for it to go on cryptsy so that i can start trading.

c1010010

sr. member

Activity: 275

Merit: 250

Totally reasonable question.

Here is the honest answer. VLC was billed as a new coin with a "fair launch" structure. One that allowed mining to happen in such a way where the general community could benefit and not just the first miners to join in. See the Original Post.

After a bit of discussion and investigation into the source it was determined that the code was written so that the first block mined was worth 1,000,000 coins. then the "fair" kicked in.

So, 1M out of the current 3M are owned by one person and done, what I would call, semi-secretly. Hardly what I would call fair.

So, that is why *I* am down on it. It is profitable to mine, no doubt, but as soon as there is value in the coin and the owner of the 1M decides to dump, you, the one who spent time mining, are left holding a ton of useless coins.

Quote from: daserpent1 on September 07, 2013, 09:00:44 AM

Why are you guys being so negative? Look, VLC is in the top most valuable coins to mine right now.

daserpent1

sr. member

Activity: 435

Merit: 250

Why are you guys being so negative? Look, VLC is in the top most valuable coins to mine right now.

c1010010

sr. member

Activity: 275

Merit: 250

Quote from: CaptChadd on September 05, 2013, 05:04:55 AM

Quote from: skl1 on September 05, 2013, 02:48:31 AM

GOGO VLC to cryptsy

3.5 MIL coins exist atm

So almost a third of all coins mined is the pre-mine?

That does not mean diluted at all.

Call me a rat leaving a sinking ship...
or call me smart for getting out when it was 3x more valuable.

Either way, I'm done with this pump-n-dump scam.

VLC_LTC   Sell   20-Aug-13 16:57:30   0.00001400   5497.23138579   0.0   0.00001400   Executed
VLC_LTC   Sell   20-Aug-13 16:33:51   0.00001400   10000.00000000   0.0   0.00001400   Executed
VLC_LTC   Sell   20-Aug-13 16:32:50   0.00001400   10000.00000000   0.0   0.00001400   Executed
VLC_LTC   Sell   20-Aug-13 16:32:08   0.00001403   10000.00000000   0.0   0.00001403   Executed
VLC_LTC   Sell   20-Aug-13 16:31:21   0.00001400   20000.00000000   0.0   0.00001400   Executed
VLC_LTC   Sell   20-Aug-13 16:31:06   0.00001400   10000.00000000   0.0   0.00001400   Executed
VLC_LTC   Sell   20-Aug-13 16:30:49   0.00001400   10000.00000000   0.0   0.00001400   Executed
VLC_LTC   Sell   20-Aug-13 16:30:33   0.00001402   10000.00000000   0.0   0.00001402   Executed
VLC_LTC   Sell   20-Aug-13 16:30:18   0.00001401   10000.00000000   0.0   0.00001401   Executed
VLC_LTC   Sell   20-Aug-13 16:29:13   0.00001400   10000.00000000   0.0   0.00001400   Executed

CaptChadd

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Quote from: skl1 on September 05, 2013, 02:48:31 AM

GOGO VLC to cryptsy

3.5 MIL coins exist atm

So almost a third of all coins mined is the pre-mine?

That does not mean diluted at all.

skl1

newbie

Activity: 41

Merit: 0

GOGO VLC to cryptsy

3.5 MIL coins exist atm

monocolor

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Own ONION

Quote from: CaptChadd on September 04, 2013, 03:54:36 PM

Quote from: monocolor on September 04, 2013, 02:49:41 PM

Quote from: c1010010 on August 20, 2013, 02:15:25 PM

Quote from: monocolor on August 19, 2013, 10:20:04 PM

This coin has been there for long time, should be listed in cryptsy!

Have you been reading the above?

Why would cryptsy list it with all the pre-mined coins out there and the lack of explanation?

Ohh... they wouldn't.

Aaaaan... they haven't.

I don't agree with what you said.

Cryptsy will make their money, they don't care about a coin premined or not. In fact, they listed many coins heavily premined, some just a few days after they launched. I suspect these are made by their friends, or themselves.

The key to get listed is to have more interests in the miners. Now there are many competitions to cryptsy. I see bter.com listed many coins recently, including many not listed in the cryptsy, for example CDC (1 mil premined I think). This is good strategy for them, as the 1st one always get advantages among the traders. People don't really care about premine, premine will be factored in the trading price anyway, so there's nothing to worry about it.

That's why pre-mine is bad. It devalues a coin instantly, which is going to annoy anyone that wants to mine it fairly and for it get a good price on an exchange.

Yes I agree, premine is bad for sure. But all I am saying is that it will be reflected in the price, there's no point to over-exaggerate it, let the market determine its value, traders are not stupid, they know what's the price should be assigned to each coin. There's no point to say that because one coin has premine, so it can not be listed in certain exchange. And the fact is, many premined coins are listed, and there's no problem of it.

CaptChadd

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Quote from: monocolor on September 04, 2013, 02:49:41 PM

Quote from: c1010010 on August 20, 2013, 02:15:25 PM

Quote from: monocolor on August 19, 2013, 10:20:04 PM

This coin has been there for long time, should be listed in cryptsy!

Have you been reading the above?

Why would cryptsy list it with all the pre-mined coins out there and the lack of explanation?

Ohh... they wouldn't.

Aaaaan... they haven't.

I don't agree with what you said.

Cryptsy will make their money, they don't care about a coin premined or not. In fact, they listed many coins heavily premined, some just a few days after they launched. I suspect these are made by their friends, or themselves.

The key to get listed is to have more interests in the miners. Now there are many competitions to cryptsy. I see bter.com listed many coins recently, including many not listed in the cryptsy, for example CDC (1 mil premined I think). This is good strategy for them, as the 1st one always get advantages among the traders. People don't really care about premine, premine will be factored in the trading price anyway, so there's nothing to worry about it.

That's why pre-mine is bad. It devalues a coin instantly, which is going to annoy anyone that wants to mine it fairly and for it get a good price on an exchange.

monocolor

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Activity: 766

Merit: 621

Own ONION

Quote from: c1010010 on August 20, 2013, 02:15:25 PM

Quote from: monocolor on August 19, 2013, 10:20:04 PM

This coin has been there for long time, should be listed in cryptsy!

Have you been reading the above?

Why would cryptsy list it with all the pre-mined coins out there and the lack of explanation?

Ohh... they wouldn't.

Aaaaan... they haven't.

I don't agree with what you said.

Cryptsy will make their money, they don't care about a coin premined or not. In fact, they listed many coins heavily premined, some just a few days after they launched. I suspect these are made by their friends, or themselves.

The key to get listed is to have more interests in the miners. Now there are many competitions to cryptsy. I see bter.com listed many coins recently, including many not listed in the cryptsy, for example CDC (1 mil premined I think). This is good strategy for them, as the 1st one always get advantages among the traders. People don't really care about premine, premine will be factored in the trading price anyway, so there's nothing to worry about it.

CaptChadd

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Merit: 1005

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Quote from: valuecoin on September 03, 2013, 01:09:21 AM

Quote from: c1010010 on August 27, 2013, 09:15:19 AM

yea, how is the vlc.epools.org doing?

I know a lot of us invested hundreds if not thousands of hours into that pool for your coin.

So, things are good?

Yes the premine has been over-exagerrated. Like i discussed in the earlier post, most of the premine has been diluted and total VLC have have surpassed enough to not let VLC be a problem anymore.

So what you saying is that it is ok to have a massive pre-mine just as long as enough people mine more to "dilute" your million coins?

You do know that a pre-mine of 1 million coins instantly devalues the value of Valuecoin.

c1010010

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Activity: 275

Merit: 250

Quote from: mintedstone on September 03, 2013, 10:34:39 AM

Yes this one had a little premine, so what?

Says the man with lots of pre-mined vlc.

mintedstone

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support VLC to cryptsy. It's a coin exist for long time, many coins have been mined by many people, and people need to do trades, I guess that's what the cryptsy is doing: to provide a platform for trading.

Yes this one had a little premine, so what? people will decide what it worth, with all the facts there, why cryptsy need to care about it? just provide a platform, and let market decide what it worth!

CaptChadd

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When you first launched Valuecoin, I spend a lot of time mining this coin but you don't seem to be interested in it that much with your forum activity so low for a developer of a released coin and you have not showed us what the pre-mine has been spend on. Saying it is diluted is like saying you still have the million still.

valuecoin

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Quote from: c1010010 on August 27, 2013, 09:15:19 AM

yea, how is the vlc.epools.org doing?

I know a lot of us invested hundreds if not thousands of hours into that pool for your coin.

So, things are good?

Yes the premine has been over-exagerrated. Like i discussed in the earlier post, most of the premine has been diluted and total VLC have have surpassed enough to not let VLC be a problem anymore.

c1010010

sr. member

Activity: 275

Merit: 250

yea, how is the vlc.epools.org doing?

I know a lot of us invested hundreds if not thousands of hours into that pool for your coin.

So, things are good?

skl1

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VLC going to cryptsy.

ONE day.

Oldminer

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Quote from: valuecoin on August 25, 2013, 01:00:50 PM

No, i only had the idea to get such and such coin developed but since i didn't know how to code myself back then, i hired a coder. He made the qt and took a fee for his work.

So the 1mill premine is over-hyped. I urge bitjohn to review the situation and list VLC on cryptsy.

Have you asked Phenixex.com to list it?

valuecoin

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Activity: 69

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No, i only had the idea to get such and such coin developed but since i didn't know how to code myself back then, i hired a coder. He made the qt and took a fee for his work.

So the 1mill premine is over-hyped. I urge bitjohn to review the situation and list VLC on cryptsy.

Topic: ★★★ [ANN][VLC] ValueCoin | The real valuable coin | Launched - page 3. (Read 34624 times)