Topic: Continued mining dead coins for profit (Read 2338 times)
I like this idea. Which dead coins are/will accepted here?
Ok so you get coins by submitting dead coins. Though bow does that help the blockchain ? What would you do will all those coins ? This might revival dead coins if used well then people won't want rimbit rather bitcoin. I do like the idea so I hope the best if it goes well I'm in.
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It also is a simple coin with no frills, other than minting, which is not in any way exciting or innovative to the current crypto crowd
Which features and benefits do some other cryptos have that are exciting and innovative?I am not as informed on this as many others who are in the community. I know that etherium has smart contracts (application) that they are implementing alongside the block chain. You can find out more here https://cointelegraph.com/ethereum-for-beginners/what-is-ethereum
As for other coins, I'm not sure.
It also is a simple coin with no frills, other than minting, which is not in any way exciting or innovative to the current crypto crowd
Which features and benefits do some other cryptos have that are exciting and innovative?
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This could really change how crypto operates in the next few years, if successful. It allows for a noncentralized ecosystem to exist where everyone is on equal (close to) ground with an intent of growth for the longterm. We all know what happens when a group of likeminded individuals come together.
The volume is low because this coin has been incubating outside of exchanges, building its community of non tech minded individuals (unique to rimbit). It also is a simple coin with no frills, other than minting, which is not in any way exciting or innovative to the current crypto crowd who reside mostly on the side of the fence of tech subject matter experts. The appeal isn't for them alone, but for the average person (everyone else) who has no need or desire to have tons of things on their blockchain. They can't quantify that and therefore won't buy into that. They know fiat, and rimbit is the closest to that.
The volume is low because this coin has been incubating outside of exchanges, building its community of non tech minded individuals (unique to rimbit). It also is a simple coin with no frills, other than minting, which is not in any way exciting or innovative to the current crypto crowd who reside mostly on the side of the fence of tech subject matter experts. The appeal isn't for them alone, but for the average person (everyone else) who has no need or desire to have tons of things on their blockchain. They can't quantify that and therefore won't buy into that. They know fiat, and rimbit is the closest to that.
i'm not defending, specially because i dont think this is a good idea(mine sh*tcoins). but how would that help him with his dead coins?
rimbit price isn't good right now and i dont see a massive adoption of this idea, so, i dont see the dead coin being pumped because rimbit is accepting it.
and like i said, that might bring a little dump to rimbit, so that would be even worse to him.
rimbit price isn't good right now and i dont see a massive adoption of this idea, so, i dont see the dead coin being pumped because rimbit is accepting it.
and like i said, that might bring a little dump to rimbit, so that would be even worse to him.
It is a risky strategy and you are right, it could bring a dump or two to rimbit. It is a gamble and as with these things it could be worthwhile or not. It gives owners of other coins a chance to get out of something that is dead or dying and into something that gives them a chance to make some money. Yes they may well dump and that is the risk rimbit is taking. However, they may just get to like rimbit, the forum and its members and see it as a long term and thereby creating a win-win for both parties.
Hopefully if enough people can buy into rimbit the price will move upwards and everyone involved will be happy.
What Rimbit needs is increased trading volume so it gets higher on the list at coinmarketcap. More exposure will hopefully lead to more adoptation. The price is not important in itself; bitcoin still works if it's at $300/400/500, etc. (unless the mining breaks down because of profitability issues 
), but of course some Rimbit owners would like a higher price so they can become millionaires.
), but of course some Rimbit owners would like a higher price so they can become millionaires. 
i'm not defending, specially because i dont think this is a good idea(mine sh*tcoins). but how would that help him with his dead coins?
rimbit price isn't good right now and i dont see a massive adoption of this idea, so, i dont see the dead coin being pumped because rimbit is accepting it.
and like i said, that might bring a little dump to rimbit, so that would be even worse to him.
rimbit price isn't good right now and i dont see a massive adoption of this idea, so, i dont see the dead coin being pumped because rimbit is accepting it.
and like i said, that might bring a little dump to rimbit, so that would be even worse to him.
I think this is a great idea.
Rimbit are a much better coin than the mined coins.
Rimbit are a much better coin than the mined coins.
rimbit, I think that Hueristic has some valid point here so I'm not sure why are you deleting his comments? There is nothing wrong to defend your idea If you are sincere and Hueristic's post was not trolling. 
He is making a false accusation....
The intent is malicious as he reposted the deleted post... When all that was needed was to rephrase it without the accusation
Well, you are the one/s who is/are thinking about creating a new exchange. Nobody can rule out the possibility for a false play, and that is why the board is called "Discussion". Just my 2 cents.
Understood... I have let posts run their course before, however, accusations based on nothing, wont sit well... and total disrespect for reposting it (thats just a low life thing to do).... So I guess I called it right the first time
rimbit, I think that Hueristic has some valid point here so I'm not sure why are you deleting his comments? There is nothing wrong to defend your idea If you are sincere and Hueristic's post was not trolling.
He is making a false accusation....
The intent is malicious as he reposted the deleted post... When all that was needed was to rephrase it without the accusation
Well, you are the one/s who is/are thinking about creating a new exchange. Nobody can rule out the possibility for a false play, and that is why the board is called "Discussion". Just my 2 cents.
rimbit, I think that Hueristic has some valid point here so I'm not sure why are you deleting his comments? There is nothing wrong to defend your idea If you are sincere and Hueristic's post was not trolling.
He is making a false accusation....
The intent is malicious as he reposted the deleted post... When all that was needed was to rephrase it without the accusation
rimbit, I think that Hueristic has some valid point here so I'm not sure why are you deleting his comments? There is nothing wrong to defend your idea If you are sincere and Hueristic's post was not trolling.
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Looks more like a way to get people to mine shitcoins you have been accumulating. GLWS
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Looks more like a way to get people to mine shitcoins you have been accumulating. GLWS
With regards to "Continued mining dead coins for profit" the topic...
What we propose to do is first get the community talking about the proposal and see if there is a general consensus among them to take this on.
If so, we would then discuss things further with the devs and if they are not about, work with the community to find people from within that group to take over the project.
From there we would help get the network back up and running
So dead coins can have the opportunity to begin mining again under their own management, with some help from us and get the ball rolling with some exchange of coin
Some coins may still be listed with exchanges and I am sure they may decide to exchange out elsewhere, which is fine as it will lower the dumps on our end.
If they are not listed elsewhere, they will have the opportunity to exchange with Rimbit and from there, do as they please.
What we propose to do is first get the community talking about the proposal and see if there is a general consensus among them to take this on.
If so, we would then discuss things further with the devs and if they are not about, work with the community to find people from within that group to take over the project.
From there we would help get the network back up and running
So dead coins can have the opportunity to begin mining again under their own management, with some help from us and get the ball rolling with some exchange of coin
Some coins may still be listed with exchanges and I am sure they may decide to exchange out elsewhere, which is fine as it will lower the dumps on our end.
If they are not listed elsewhere, they will have the opportunity to exchange with Rimbit and from there, do as they please.
But Rimbit looks dying as well and if you do this there is a high chance to be dumped even more (thought I'm not sure if there will be good buy orders for dead/dying coins). What is the reason for even considering doing this?
i kinda agree with you but i do understand rimbit idea(even tho i'm not mining/buying dead coins).
if you look at ANN you will see a few dead(actually, almost dead) coins with a "strong" community, and by strong read 3~10 users who doesnt give up. Rimbit is probably trying to attract these users.
at the begin i think it will cause a big dump in rimbit price(which is not good) but in the long run seems a good strategy.
Thats exactly it....
I am the first to agree that many people dont like Rimbit, but this is about other coins
We have members who are looking at these dying coins and giving a report about them on our forum, so choosing one should be a lot easier and it would be done via group consensus
As you rightly said, it will cause a big dump, which is nothing new to us as we have a bitcoin fanboi crew thats been doing that to us on exchanges for over a year, so adding a few dumps due to necessity, instead of "an agenda" would be a welcome change
This thread is moderated because we want a platform to be heard with the same rights as anyone else.
When a user can come and open up a deleted post and display it... then that is not a fair playing field.
You can have your opinions and say them freely, but when you make things up simply to go forward with your own agenda, then I will put the brakes on.
As per "self moderated", if you dont like being moderated, please start your own topic.
When a user can come and open up a deleted post and display it... then that is not a fair playing field.
You can have your opinions and say them freely, but when you make things up simply to go forward with your own agenda, then I will put the brakes on.
As per "self moderated", if you dont like being moderated, please start your own topic.
Why is this thread moderated? it should be an open discussion with no holds,I like the idea there is two coins that I know that has a strong community support but unfortunately the dev is not updating the project nor the thread,I think this is a good idea that needs to enhance looking forward to see how this things progress ..
I am also on board with furthering this discussion. It can be a good thing.
my largest score was on a coin that went "dead". the dev left and the community died. All the exchanges de-listed the coin. The wallet shut down I refused to sell and saved my holdings .dat file on a thumb drive for 2 years.
The project was picked back up and I was the major holder = one of the biggest scores in cryptoland.
It does happen.
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