Ya because a completely moronic decision to copy another coin and release it as "weeks of hard work" isn't a good enough reason not to sink 20k in mining hardware into this coin.
It was just a "convenient" time to pull out right? What is really convenient is that CAIx leadership "forgot" to tell us all when they found out.
This investor had the good sense to get out when he did.
Yeah pretty convenient how he found a reason to back out after he realized it wasn't about to pump by itself eh? Fancy that..
It was just a "convenient" time to pull out right? What is really convenient is that CAIx leadership "forgot" to tell us all when they found out.
This investor had the good sense to get out when he did.
Actually the investor bailed on CAIx because of poor decisions and lack of results from the leadership and development team. He pulled his mining support, sold all his coins and basically said he will not touch CAIx again.
This happened in the wake of the Silk Coin copy and paste blunders after we were told the devs were working so hard on this update.
+1 i'm with you on this.
I'm not in Caix because it's another currencey like other one, but becasue it's a Cryptostock.
The investor with the 2 titans promise probably scammed us, you are right. His intention was to help a pump group to rise the price imo.
This happened in the wake of the Silk Coin copy and paste blunders after we were told the devs were working so hard on this update.
Quote
Ok, this is a huge blow, but it's not the end of the world. If this coin is legitimate and the devs still support the coin, we have to face the fact that someone scammed us about the two additional miners. But let's do the math and figure out what Joseph's miner is capable of at these prices.
Using the same figures from the original PSP document, one Titan miner should create 21.9 BTC per month. At a current price of 0.00014 BTC, that single miner could purchase 151,761.90 CAIx per month. Is it as good as three miners? No. But considering the current price of CAIx, it makes a dent.
I never purchased CAIx with the idea that I was purchasing a "currency". There are 1000+ coins all trying to be a currency and CAIx in that regard has nothing special about it. However, if you look at it more as a stock that pays dividends, this organization has potential. The Titan miner could hypothetically destroy about 10% of the coins in circulation over the next ten months. If you combine that with other projects and the developers can get back in their groove and create value again (think Tiny Elementals), those dividends could continue supporting the price and the "coin".
I believe we all got scammed, investors and the foundation (although the foundation seems to have known about it first). But I'd just like to point out that once the dust settles, this could work.
I also propose we end the "masternode" idea with this current round. Any dividends paid to shareholders should be done by destroying coins (share buybacks rather than dividends), and investors should be kept up-to-date on a weekly basis of such destructions. I also suggest the Foundation keep investors abreast of any huge changes. Something this large like the investor with 2 miners reneging is grounds for an immediate announcement. This was not handled well. But I am not dumping at this price, so I hope some of these comments and suggestions are heard.
Using the same figures from the original PSP document, one Titan miner should create 21.9 BTC per month. At a current price of 0.00014 BTC, that single miner could purchase 151,761.90 CAIx per month. Is it as good as three miners? No. But considering the current price of CAIx, it makes a dent.
I never purchased CAIx with the idea that I was purchasing a "currency". There are 1000+ coins all trying to be a currency and CAIx in that regard has nothing special about it. However, if you look at it more as a stock that pays dividends, this organization has potential. The Titan miner could hypothetically destroy about 10% of the coins in circulation over the next ten months. If you combine that with other projects and the developers can get back in their groove and create value again (think Tiny Elementals), those dividends could continue supporting the price and the "coin".
I believe we all got scammed, investors and the foundation (although the foundation seems to have known about it first). But I'd just like to point out that once the dust settles, this could work.
I also propose we end the "masternode" idea with this current round. Any dividends paid to shareholders should be done by destroying coins (share buybacks rather than dividends), and investors should be kept up-to-date on a weekly basis of such destructions. I also suggest the Foundation keep investors abreast of any huge changes. Something this large like the investor with 2 miners reneging is grounds for an immediate announcement. This was not handled well. But I am not dumping at this price, so I hope some of these comments and suggestions are heard.
+1 i'm with you on this.
I'm not in Caix because it's another currencey like other one, but becasue it's a Cryptostock.
The investor with the 2 titans promise probably scammed us, you are right. His intention was to help a pump group to rise the price imo.
Yeah pretty convenient how he found a reason to back out after he realized it wasn't about to pump by itself eh? Fancy that..
This investor, with his 2 titans, represented 2/3 of the value of the whole PSP. So the major part. it's evident if he left CAIx, it would crash. And he knew that !
So he just hadn't enough patience to wait for the Titan to be delivered ? Seriously.
And don't tell me that that he left because of the devs being slow. Only news and hype move markets. Releasing a wallet will probably not change anything. Hype for new wallet is usally low. 3 Titans on the multipool yes.
This fucker is the real reason why many believed in CAix, and he fucked off all of us with his promises.
No it's time to move on and find another solutions.
