[ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet - page 229.

cyberhacker

legendary

Activity: 1330

Merit: 1000

Quote from: atcsecure on May 23, 2014, 10:19:37 PM

Quote from: cyberhacker on May 23, 2014, 10:13:24 PM

Quote from: veritasBS on May 23, 2014, 09:23:16 PM

We need to seize the opportunity the dev has built...I am currently the largest known coin holder in six different alt coins in the top 30 on coimmarketcap. I have reinvested 100's of btc in the coins I hold through donations to the cause. I would like to take a long term position here but the situation I laid will happen here. I am in xc now for trading the anon news, weather or not i stay depends on if the change is made. I would like us all to make money together, but if you are not willing to build this coin into a powerhouse and in doing so make a killing...i will make a my money and leave.

i can not agree with veritasBS anymore.

more anon coins are coming!

we have to seize the opportunity!

on the flip side, all the FAST distro POW' and then POS coins have failed too

EITHER WAY reduce the reward and make pow longer. it will make ppl hold precious things.

as long as the anon wallet out. dumping will be eased.

but with current reward. i doubt.

so please work out a plan to make this coin huge and stand among top 5

atcsecure

hero member

Activity: 756

Merit: 500

Quote from: cyberhacker on May 23, 2014, 10:13:24 PM

Quote from: veritasBS on May 23, 2014, 09:23:16 PM

We need to seize the opportunity the dev has built...I am currently the largest known coin holder in six different alt coins in the top 30 on coimmarketcap. I have reinvested 100's of btc in the coins I hold through donations to the cause. I would like to take a long term position here but the situation I laid will happen here. I am in xc now for trading the anon news, weather or not i stay depends on if the change is made. I would like us all to make money together, but if you are not willing to build this coin into a powerhouse and in doing so make a killing...i will make a my money and leave.

i can not agree with veritasBS anymore.

more anon coins are coming!

we have to seize the opportunity!

on the flip side, all the FAST distro POW' and then POS coins have failed too

cyberhacker

legendary

Activity: 1330

Merit: 1000

Quote from: atcsecure on May 23, 2014, 10:13:38 PM

Quote from: sacskate on May 23, 2014, 10:11:00 PM

I appreciate that. I just wish more focus would be put on the future development of the coin and not how to manipulate it's exchange rate good or bad.

For the record I'm burning 99.9% of my bandwidth working with the other dev's and eating/sleeping when possible

please. make sure deliver the wallet on time. we can't afford failing.

cyberhacker

legendary

Activity: 1330

Merit: 1000

Quote from: veritasBS on May 23, 2014, 09:43:19 PM

Quote from: sacskate on May 23, 2014, 09:40:52 PM

Long term success relies on development of a coin and it's usefulness, not the amount of coins or dumps. Those things are short term problems. Why not compare this coin to bitcoin? Is it just another altcoin? When devs stop caring what their coins are worth on cryptsy and start actually developing new, useful ideas altcoins will become more than just an alternative to bitcoin coin.

You dont understand...

i understand veritasBS.

there is shit loads of coins dumped to nowhere by miners. like hirocoin, which is a some kind of innovative with forwarding think.

but the supply killed that coin.

tons of coins coming with anon features. if we do not seize the opportunity to stand out among shitcoins. we will be shitcoin soon.

atcsecure

hero member

Activity: 756

Merit: 500

Quote from: sacskate on May 23, 2014, 10:11:00 PM

I appreciate that. I just wish more focus would be put on the future development of the coin and not how to manipulate it's exchange rate good or bad.

For the record I'm burning 99.9% of my bandwidth working with the other dev's and eating/sleeping when possible

cyberhacker

legendary

Activity: 1330

Merit: 1000

Quote from: veritasBS on May 23, 2014, 09:23:16 PM

We need to seize the opportunity the dev has built...I am currently the largest known coin holder in six different alt coins in the top 30 on coimmarketcap. I have reinvested 100's of btc in the coins I hold through donations to the cause. I would like to take a long term position here but the situation I laid will happen here. I am in xc now for trading the anon news, weather or not i stay depends on if the change is made. I would like us all to make money together, but if you are not willing to build this coin into a powerhouse and in doing so make a killing...i will make a my money and leave.

i can not agree with veritasBS anymore.

more anon coins are coming!

we have to seize the opportunity!

atcsecure

hero member

Activity: 756

Merit: 500

Quote from: battbot on May 23, 2014, 10:06:09 PM

Quote from: sacskate on May 23, 2014, 10:04:18 PM

So what would happen if it was released with it? Should devs hold back new features until the end of pow?

Sacskate -- clearly we are talking about maximizing success here. Of course, the coin will be successful with anon tech no matter what the dev decides to do, no one is arguing against that. We are trying to offer sound advice to maximize its success and longevity. That is all.

regardless of the POW question/debate, development is going to continue and new features are going to be added... a lot of new features over the next several months and then the Mobile/Android Wallet and Point of Sale integration, 3rd party payment networks....

sacskate

hero member

Activity: 994

Merit: 500

I appreciate that. I just wish more focus would be put on the future development of the coin and not how to manipulate it's exchange rate good or bad.

atcsecure

hero member

Activity: 756

Merit: 500

Quote from: brother3 on May 23, 2014, 09:51:11 PM

Quote from: MrWHALE on May 23, 2014, 09:47:35 PM

Quote from: battbot on May 23, 2014, 09:28:22 PM

Quote from: sacskate on May 23, 2014, 09:26:51 PM

Changing the specs is fine. Just call it what it is then. I do not care what the specs are honestly. It's just that changing them for this reason is showing the world that this coin is only worried about the short term price and making a profit. If the dev really has this great anon code then it would be a shame to waste it on a coin where the community only cares about its current price. How many bitcoin get dumped daily? People continue to buy bitcoin because it is useful and has an obvious future, so they know the coin will out last the current dump. These people see dumps as a chance to get cheap coins that in a few years will most likely be worth much more. If an alt coin is only only relying on the current price it is by definition nothing but a pump and dump coin. Go ahead and change the specs, if the the anon wallet is legit it won't matter. I'm simply pointing out that by doing so the community is admitting they do not believe the innovation in this coin can survive dumps. If you think your model is the best then you should be supported some pos only coin that was distributed through an ipo.

No, it is the opposite. We are not worrying about the short term price -- but the long term price!! Veritas just explained this above. The main problem is that over 75% of the coins are going to be minted AFTER the biggest selling feature (anon tech) is released. This is going to kill the coin in the long term. People buy on news, and they sell on facts. Why can't you guys understand this?

Also -- it is taking an unnecessary risk to assume that the anon feature will defy the normal patterns of alt coins. You cannot compare an alt coin's market patterns to BTC. Why not heed our advice to ensure the highest probability of sustaining a healthy coin, long term?

100% agree with this --> the biggest problem here is that the main selling feature (anon) will be released and then 75% of the supply will be mined after that. I can only see this hurting the coin long term. Or, to put it positively -- it will grow the coin SIGNIFICANTLY less than the coin would grow if total supply / block reward were reduced.

I actually agree with this too

This is a complex issue with no simple answer, I understand the concerns of massive mining farms dumping coins but at the same time there is a cost to produce the coin, and if they dump at a loss then it is gain for the buyer...

also any change at that layer would require a HARD FORK that carries some risk to the stability of the network. It is possible a dynamic algorithm could be used on the block reward, reducing as difficulty increase's... I'd be interested in getting productive feed back - please email me at [email protected] as I simply can't keep up with the thread, I'm looking for people on both sides to provide valuable info... don't email me with "to da moon" reduce the coins...

battbot

hero member

Activity: 616

Merit: 500

Quote from: sacskate on May 23, 2014, 10:04:18 PM

So what would happen if it was released with it? Should devs hold back new features until the end of pow?

Sacskate -- clearly we are talking about maximizing success here. Of course, the coin will be successful with anon tech no matter what the dev decides to do, no one is arguing against that. We are trying to offer sound advice to maximize its success and longevity. That is all.

sacskate

hero member

Activity: 994

Merit: 500

So what would happen if it was released with it? Should devs hold back new features until the end of pow?

battbot

hero member

Activity: 616

Merit: 500

Either get rid of PoS altogether and make mining never ending like DRK with reduced block rewards. Or keep PoS and reduce total supply + PoW phase / block rewards.

This would be a totally different story if you were releasing anon tech near the end or at the end of PoW phase, but as it stands now, you are releasing after only 25% of PoW phase. This is going to stunt long term growth as 75% coins are minted AFTER the "hype" anon tech is already delivered.

solid12345

legendary

Activity: 1246

Merit: 1000

Any word on the second teamview that was supposed to happen tonight? I'm not qualified to watch and comment but would love to hear more 3rd party verification.

sacskate

hero member

Activity: 994

Merit: 500

Haha ok. If it gets changed just so you guys that normal are minnows can become whales I will have to gracefully bow out as well. I don't trust changes made simply to benefit the few. Enjoy Wink

brother3

hero member

Activity: 980

Merit: 500

Quote from: MrWHALE on May 23, 2014, 09:47:35 PM

Quote from: battbot on May 23, 2014, 09:28:22 PM

Quote from: sacskate on May 23, 2014, 09:26:51 PM

Changing the specs is fine. Just call it what it is then. I do not care what the specs are honestly. It's just that changing them for this reason is showing the world that this coin is only worried about the short term price and making a profit. If the dev really has this great anon code then it would be a shame to waste it on a coin where the community only cares about its current price. How many bitcoin get dumped daily? People continue to buy bitcoin because it is useful and has an obvious future, so they know the coin will out last the current dump. These people see dumps as a chance to get cheap coins that in a few years will most likely be worth much more. If an alt coin is only only relying on the current price it is by definition nothing but a pump and dump coin. Go ahead and change the specs, if the the anon wallet is legit it won't matter. I'm simply pointing out that by doing so the community is admitting they do not believe the innovation in this coin can survive dumps. If you think your model is the best then you should be supported some pos only coin that was distributed through an ipo.

No, it is the opposite. We are not worrying about the short term price -- but the long term price!! Veritas just explained this above. The main problem is that over 75% of the coins are going to be minted AFTER the biggest selling feature (anon tech) is released. This is going to kill the coin in the long term. People buy on news, and they sell on facts. Why can't you guys understand this?

Also -- it is taking an unnecessary risk to assume that the anon feature will defy the normal patterns of alt coins. You cannot compare an alt coin's market patterns to BTC. Why not heed our advice to ensure the highest probability of sustaining a healthy coin, long term?

100% agree with this --> the biggest problem here is that the main selling feature (anon) will be released and then 75% of the supply will be mined after that. I can only see this hurting the coin long term. Or, to put it positively -- it will grow the coin SIGNIFICANTLY less than the coin would grow if total supply / block reward were reduced.

I actually agree with this too

MrWHALE

newbie

Activity: 56

Merit: 0

Quote from: battbot on May 23, 2014, 09:28:22 PM

Quote from: sacskate on May 23, 2014, 09:26:51 PM

Changing the specs is fine. Just call it what it is then. I do not care what the specs are honestly. It's just that changing them for this reason is showing the world that this coin is only worried about the short term price and making a profit. If the dev really has this great anon code then it would be a shame to waste it on a coin where the community only cares about its current price. How many bitcoin get dumped daily? People continue to buy bitcoin because it is useful and has an obvious future, so they know the coin will out last the current dump. These people see dumps as a chance to get cheap coins that in a few years will most likely be worth much more. If an alt coin is only only relying on the current price it is by definition nothing but a pump and dump coin. Go ahead and change the specs, if the the anon wallet is legit it won't matter. I'm simply pointing out that by doing so the community is admitting they do not believe the innovation in this coin can survive dumps. If you think your model is the best then you should be supported some pos only coin that was distributed through an ipo.

No, it is the opposite. We are not worrying about the short term price -- but the long term price!! Veritas just explained this above. The main problem is that over 75% of the coins are going to be minted AFTER the biggest selling feature (anon tech) is released. This is going to kill the coin in the long term. People buy on news, and they sell on facts. Why can't you guys understand this?

Also -- it is taking an unnecessary risk to assume that the anon feature will defy the normal patterns of alt coins. You cannot compare an alt coin's market patterns to BTC. Why not heed our advice to ensure the highest probability of sustaining a healthy coin, long term?

100% agree with this --> the biggest problem here is that the main selling feature (anon) will be released and then 75% of the supply will be mined after that. I can only see this hurting the coin long term. Or, to put it positively - it will grow the coin SIGNIFICANTLY less than the coin would grow if total supply / block reward were reduced.

CryptoGretzky

sr. member

Activity: 322

Merit: 250

Quote from: battbot on May 23, 2014, 09:28:22 PM

Quote from: sacskate on May 23, 2014, 09:26:51 PM

Changing the specs is fine. Just call it what it is then. I do not care what the specs are honestly. It's just that changing them for this reason is showing the world that this coin is only worried about the short term price and making a profit. If the dev really has this great anon code then it would be a shame to waste it on a coin where the community only cares about its current price. How many bitcoin get dumped daily? People continue to buy bitcoin because it is useful and has an obvious future, so they know the coin will out last the current dump. These people see dumps as a chance to get cheap coins that in a few years will most likely be worth much more. If an alt coin is only only relying on the current price it is by definition nothing but a pump and dump coin. Go ahead and change the specs, if the the anon wallet is legit it won't matter. I'm simply pointing out that by doing so the community is admitting they do not believe the innovation in this coin can survive dumps. If you think your model is the best then you should be supported some pos only coin that was distributed through an ipo.

No, it is the opposite. We are not worrying about the short term price -- but the long term price!! Veritas just explained this above. The main problem is that over 75% of the coins are going to be minted AFTER the biggest selling feature (anon tech) is released. This is going to kill the coin in the long term. People buy on news, and they sell on facts. Why can't you guys understand this?

Also -- it is taking an unnecessary risk to assume that the anon feature will defy the normal patterns of alt coins. You cannot compare an alt coin's market patterns to BTC. Why not heed our advice to ensure the highest probability of sustaining a healthy coin, long term?

+1000

Seriously, people that just say don't change because otherwise it becomes a shitcoin.

Look... if a coin is killed by dumpers, it's going to take months if not years for the coin to ever recover. We want the coin to succeed long term. If you let massive miners take control of this coin, then you are really turning this into a shitcoin where faithful investors/holders are the ones that's going to get burned.

veritasBS

full member

Activity: 122

Merit: 100

Quote from: sacskate on May 23, 2014, 09:40:52 PM

Long term success relies on development of a coin and it's usefulness, not the amount of coins or dumps. Those things are short term problems. Why not compare this coin to bitcoin? Is it just another altcoin? When devs stop caring what their coins are worth on cryptsy and start actually developing new, useful ideas altcoins will become more than just an alternative to bitcoin coin.

You dont understand...

sacskate

hero member

Activity: 994

Merit: 500

Long term success relies on development of a coin and it's usefulness, not the amount of coins or dumps. Those things are short term problems. Why not compare this coin to bitcoin? Is it just another altcoin? When devs stop caring what their coins are worth on cryptsy and start actually developing new, useful ideas altcoins will become more than just an alternative to bitcoin coin.

BrewCrewFan

hero member

Activity: 672

Merit: 501

Quote from: veritasBS on May 23, 2014, 09:36:02 PM

.....
I'm saying that if this coin is not structured for long term success i will take my profit after the news is out and leave...why would i stay? Why would anyone?

So pretty much its all about you. Change for me because I want it changed. You sealed the deal when you said you were the biggest wallet.

Did I invest, yes a little bit. I bought while people were selling on the first exchange. I also mined it too. I know what I want for a price, and IMO, the price is way higher right now than what I would settle for.

Topic: [ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet - page 229. (Read 268507 times)