Topic: [CENT] Pennies relaunched - page 18. (Read 114976 times)

If the total supply is good and works perfectly currency must not change anything, you just need a good promotion and try to make the people adopt.

Yes, adoption is not on a coin by coin basis but in crypto in general. What is needed are;

1) rebrand to BitDollars / BitCents - CENT is purely a code for exchanges, you could call each unit of currency chickens if you want and still have CENT as an exchange moniker.
2) leave the current amount of coins as it is.
3) update the wallets with new interface and design.
4) create android / ios wallets for easy mobile use.

What we intend to do is to throw BitCents and whoever wants to exchange CENTs by BitCents voluntarily without touching the blockchain CENT or exchange would be mandatory?

There is no exchange from CENT to BitCents. CENT stays the same on exchanges, its the wallet UI and brand that needs to be updated. The blockchain stays the same - its not a hard fork (unless we change the maximum coins or the POS amount).

Although, in order to be useful in future the source does need updated to include something useful such as;

a) barcode scanning
b) product history tracking
c) gps transaction
d) some other tech

Whilst crypto is anonymous, there is always something called "reasonable suspicion" whereby any country can get a warrant to inspect your digital currencies/blockchains. Remember recording data on the blockchain can prevent you getting into trouble just as much as it can get you in to trouble.

CENT must have one or more USP (unique selling point)

- e.g. adoption by one or more major corporate/commercial/government/financial entities
- a trusted global brand that makes it stand out from every other digital currency
- features that are useful to consumers and business

DID YOU KNOW?

In 10 years time if CENT POS remains at 0% there will be more TEK in circulation than CENT? (I think in 3 years time TEK will be increasing at a rate of 1 billion per month+ )

The major problem that the world faces is central government and bankings "creation of dependence" on a national currency, given in any one nation the laws of competition means that one corporation cannot dominate the marketplace - the fact is all money comes from one place in the UK - the Queen/Bank of England - this is termed as a monopoly (regardless of how many banks there are distributing it), which could also be deemed as a pyramid scheme or a ponzi scheme and therefore would be illegal by its very nature.

Crypto attends to this by redistributing all world money into the hands of billions of people, that is why the banks and governments will ultimately try and stop it or create their own "unit of dependency".

Anyway that's my thoughts - MONEY IS SLAVERY.....

wallet-qt 0.10.3.5 no sync , node ?

Hello, it's far from utopia.

If you reduce the amount in circulation (increase the short term value) then just like banks at a later date you will have to do quantitative easing (also known as proof of stake) this will reduce the unit value for additional investors which to be honest is why all POS coins with a POS value greater than their adoption will potentially devalue to zero. Its important to understand economics, not look at coin count.

I disagree that CENT should be reduced, I am also happy that the POS is 0% to retain unit value.

What billions of coins lost in the fork? Those surely should be centralised in the foundation??

If your theory to defend the TotalMoneySupply CENT is not excessive is based on comparison with the amount of dollars circulating and would give it a market capitalization of 495,175,772,783 dollars, just it seems a utopia.
I firmly believe that needs a reduction CENT 1/500 or 1/1000.
The question is how to do it without the billions of coins lost in the fork of 2013 falling into the hands of the new DEV, which could overturn them and lead to CENT.

Blah Blah Blah!!! What else??? Felling better?

REX,

It sounds good to create a working group.
CENT The main problem is excess currency (currently 49,517,573,469,348) which makes it impossible to quote against BTC.
Its main feature is its indivisibility, that's what he did at launch many people invest in this currency (in late 2013 was in volume leader in Cryptsy until it broke).
Without that feature this coin would have died long ago.

What makes you think we're going to allow three newcomers to the cryptography from taking a coin with more than 2 years in the market ??
NOBODY IS GOING TO EMPOWER MY CENTs WITHOUT A HIGH CONSENSUS OF THE COMMUNITY!!!!

Of course it is. Rex's already done it with some other high-numbered shitcoins, why not do it with the most broken shitcoin? Who do you think bought all those cheap CENTs before announcing a "Takeover and Overhaul" which will in reality be a new logo, a new list of vapourware features, and a new exchange to dump his stash on?

Who are the three newcomers? Anyone can do a fork and consensus will naturally follow, there is no permission necessary

That's cool Yeah its very strange how its just showed up huh. Not me that's done it, but every wall has ears nowadays.

VanityWallets2015 I didn't say that you did something wrong I just found this Bitcent and I wanted to let you know.

But anyway it's kinda strange that it showed up at this moment, or!?

No! This coin is CENT, always will be CENT, what I am suggesting is using BitDollars as a unit for the wallet - Bitdollar = 100 CENT.
It makes sense to refer to CENT as BitCents if using BitDollars.

Never even knew someone had released BitCent, although to be fair, its not a trademarked entity, and seeing as there doesnt seem to be any coins in circulation it would suggest its either brand new (last couple of days) or defunct.

by the way: BITCENT is already in use...
http://coinmarketcap.com/currencies/bitcent/#markets

VanityWallets2015 you have been talking about BitCents!?

yes +1