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Topic: [DCM] Digital Commerce 100% PoS Multipool/Merchant/Investor focused. Bittrex! (Read 3770 times)

legendary
Activity: 1050
Merit: 1000
sitedown ... they did not log for while ....

does this ring the bell ?
hero member
Activity: 1204
Merit: 509
Just bought 11,000 at 1500 satoshi on a gamble that they'll fix the interest rate problem in the wallet and start pumping out cool features.  Probably a stupid gamble as kreative hasn't been online in 4 days and not one of the dev team would reply to me regarding serious issues, but it wasn't too expensive.

Could be a worthwhile gamble. If I had spare btc right now, I may have done the same. Instead I put in a more cynical bid near the 100s... and am not even certain that is a safe bet. I keep thinking of maza for some reason.
full member
Activity: 121
Merit: 100
I trust them to appear and do something (the fucking buy support at 4-5k with 10 btc). The team have more than 100 btc. In any case we can try to locate them (bob has information of them).
legendary
Activity: 896
Merit: 1000
Just bought 11,000 at 1500 satoshi on a gamble that they'll fix the interest rate problem in the wallet and start pumping out cool features.  Probably a stupid gamble as kreative hasn't been online in 4 days and not one of the dev team would reply to me regarding serious issues, but it wasn't too expensive.
sr. member
Activity: 252
Merit: 250
Alright....at this point I'm down right pissed the fuck off.  Protect the investors from catastrophic losses?  What the fuck is the definition of catastrophic?  I think we're at that point now.  Fucking do something about this devs.  I've been on your side, but at this point I'm done backing you up.  You want people to take their coins off the exchange?  Good luck with that one.
hero member
Activity: 1204
Merit: 509
Out of curiosity I just checked the price right now. Slipping close to triple digits.

*Repeatedly presses the catastrophic loss button*

Help...

I'm selling mate, this was a scam, just a pump and dump. Devs won't spend a single bitcoin on this shit. I have lost some to, but din't buy much to begin with.

I actually sold most of my coin a while ago, and just have some scraps left, so I'll wait it out myself. At these prices I really don't see a point to even selling. I can't really take a loss here, I just brought up the catastrophic loss thing as that's exactly what the devs said they would protect investors against.

If they don't put up a buy wall now, the coin is dead (or deader than it already is... dead dead) and the devs won't have a chance in crypto again (using those screen names, anyway).
hero member
Activity: 1204
Merit: 509
Out of curiosity I just checked the price right now. Slipping close to triple digits.

*Repeatedly presses the catastrophic loss button*

Help...

probably the devs placed their buy wall @ 110 and 100 sat.

Heh, I wondered about that. That's around where I put a small buy order.

I don't really think the devs would do that,  but if one or more whales did want to get involved with this coin like the devs mentioned earlier, there is only one scenario I see that is feasible. Basically a complete collapse, whales scoop up dirt cheap coins. Devs come to the rescue and are active. Coin gets pumped to 2-3Kish. It's a level that is still too low for most ipo people to sell at, yet certainly a nice profit for those who got the cheapo coins. I'm also sure someone like Bob wouldn't do anything like that, however...
hero member
Activity: 868
Merit: 1000
Out of curiosity I just checked the price right now. Slipping close to triple digits.

*Repeatedly presses the catastrophic loss button*

Help...

I'm selling mate, this was a scam, just a pump and dump. Devs won't spend a single bitcoin on this shit. I have lost some to, but din't buy much to begin with.
sr. member
Activity: 364
Merit: 250
Super Smash Bros. Ultimate Available Now!
Out of curiosity I just checked the price right now. Slipping close to triple digits.

*Repeatedly presses the catastrophic loss button*

Help...

probably the devs placed their buy wall @ 110 and 100 sat.
hero member
Activity: 1204
Merit: 509
Out of curiosity I just checked the price right now. Slipping close to triple digits.

*Repeatedly presses the catastrophic loss button*

Help...
legendary
Activity: 1232
Merit: 1000
135btc ipo about 2 weeks ago. 13k market cap atm. How? If this turns out to be a scam... What can we do?
hero member
Activity: 532
Merit: 500
Okay that's it. I'm done with this coin. I've sold everything 2 days ago and was considering getting in once this thread is opened but now i've seen all that i need to see.

1. Notice the dev avoiding the suggestion to use the IPO for buy wall to show support? It's because they already get their own share of profit from the IPO and they don't want to spend any of it to show goodwill.

2. Notice the only one replying is Wallenstein? Where's the three main dev, WTH are they doing right now? I see two of them login to their account today.

3. Notice how they are expecting outside whale to help? Why can't they help the coin with their IPO money?

I'm done, the dev team don't want to spend any of that IPO to save the coin. I've already mentioned, put up buy wall at 4k and even if it's bought they control half of the coin supply and that one can be used as incentive. But of course they won't do it. They've made their profit and only want others to save the coin for them.

Even scam coin have more active and assuring dev than these 5 people combined.

Here's the thing, you want others to support you? Then you better spend some of those IPO first. We have seen no goodwill from you guys, only promises. Action speaks louder.  Roll Eyes
hero member
Activity: 1204
Merit: 509

I don't think that the devs are not working on something, they are just too slow for the crypto world.  Coins with promises just don't do it any more because so many people have gotten burned.  Now if you want a coin to succeed, you NEED to have everything ready (or almost ready) before launch.  The fuck if I'm going to ever invest in something with "promises and potential" again.  I'll wait until things have been proven to work and the devs have a good track record....and that's where I will invest.


I think you are correct there with the issue. I've mentioned it before, as have others. Saying something is coming soon, or in the marketplace's case, a month or so from now, is simply too slow in crypto-time. It could work, if the devs showed something in-between new developments, but to just wait and post screenshots, while the price tanks, obviously isn't working.

Then add on the natural skepticism with all ipos, and then include the Bob issue, and it's a terrible mix. The devs should have, and maybe still can, diffuse this skepticism by spending some of the ipo money. But they seemingly have been holding onto it like misers so far. They could have partially diffused the Bob situation/kept the price semi-stable early on by using ipo money to vote the coin up on exchanges... but nope. During Bob's initial tantrum phase, they could have been here reassuring people, instead of deciding that weekend was a good time to spend with their families ... but nope.

They could very, very easily rent machines with some of their ipo money and support their own multipool... again, doesn't seem to be happening. Pay a dev for a mobile wallet? Maybe use some coin to offer promotions? Or maybe actually outline here in detail how they plan for the marketplace to work with low coin volume, what vendors they signed up and exactly how the ipo money is to be spent... nope.

I still have some DCM, but mostly got out  with the teensiest of profits when Bob kept going on his rampage. I'm annoyed at myself for not getting out immediately as soon as Bob started the whole thing with Harmony (which amazingly seems like it was the safer buy at the moment).

Anyway, maybe the devs can turn this around still... it's not impossible. But they can't simply sit there and think an upcoming marketplace weeks from now will save things, not without showing something tangible very, very soon.
sr. member
Activity: 252
Merit: 250
Merk, unfortunately the IPO investors, including you and me, have been fooled. The devs are gone with the money and Wallenstein is windowdressing with posts about the design of a vendor portal coming in July. As mentioned in the original thread (that was suddenly closed without any mentioning), a vendor portal will do zero for DCM. We better write down the names of these devs on our blacklist and accept the financial loss. Many new coins have launched the last weeks, at least as good as DCM. The only thing really special about DCM was the huge success of the IPO and the potential power of the resulting budget. But the IPO budget has only brought profit to the devs and their friends, and has not been and will not be used for the survival and development of the DCM coin, which is now getting near a very sad value of 2000 sats.

The original thread was not closed by the devs.  It was a decision by BCT moderators due to threats being posted.  The threat post was removed and the thread locked.  That's the reason we have the new ANN, moderated by the DCM team to keep a certain destructive FUDer individual from posting here.

I don't think that the devs are not working on something, they are just too slow for the crypto world.  Coins with promises just don't do it any more because so many people have gotten burned.  Now if you want a coin to succeed, you NEED to have everything ready (or almost ready) before launch.  The fuck if I'm going to ever invest in something with "promises and potential" again.  I'll wait until things have been proven to work and the devs have a good track record....and that's where I will invest.

I know for a fact that Wallenstein has a heavy vested interest in DCM and owns a lot of coins himself.  As for the others I don't know.  So I know he wants the coin to succeed.  Kreative just kind of went MIA since June 17th.  He might be working on getting vendors or what not, but damn.....peak in to say hi or something.  The other guys are more behind the scenes guys and didn't really post much when things were going well, so I understand that.

hero member
Activity: 886
Merit: 504
Merk, unfortunately the IPO investors, including you and me, have been fooled. The devs are gone with the money and Wallenstein is windowdressing with posts about the design of a vendor portal coming in July. As mentioned in the original thread (that was suddenly closed without any mentioning), a vendor portal will do zero for DCM. We better write down the names of these devs on our blacklist and accept the financial loss. Many new coins have launched the last weeks, at least as good as DCM. The only thing really special about DCM was the huge success of the IPO and the potential power of the resulting budget. But the IPO budget has only brought profit to the devs and their friends, and has not been and will not be used for the survival and development of the DCM coin, which is now getting near a very sad value of 2000 sats.
sr. member
Activity: 252
Merit: 250
And another thing.  How can you expect people to take their coins off the exchange, when the price keeps dropping?  There is no stability, and until that stability is shown, most won't take their coins off, and you won't get new investors.  

I personally have all mine off of Bittrex, but I can see the concern.

You have to stop the bleeding, because the current plan is not working.  Do I have any new ideas?  No, but I'm also not on the development team.  I am just heavily invested.
sr. member
Activity: 252
Merit: 250
Market cap of $19,191.  That's depressing.  I'm embarrassed to say how much I've put into DCM (But I will say I've lost all the profits I've made in crypto in the last 2 months).  It's hard right now not to be so negative.  So I'll end with that......
legendary
Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
might be an idea to put a link to this new thread on the last page of the old thread because some ppl will be just 2 lazy to look for it and fix the wallet ffs!
legendary
Activity: 896
Merit: 1000
Any comments from the devs?

I don't have a lot of dcm anymore, and the small amount I still have was free, but if I was one of those people that held this entire time from ipo prices, I'd probably be angry. Not angry over the price, nor even angry over Bob. Just annoyed at the lack of forum presence and activity from the devs.

There was a lot of talk, but so far we haven't seen a whole lot. At the least you should be commenting on ideas people are suggesting here.

I'm not sure what you mean by the lack of forum presence. We're here every day and comment on stuff going on when we see it being necessary. If we were to reply to every post, I'd spend a good part of our day doing just that.

So, to give you an idea what everybody is working on:

Kreative: talking to several vendors, trying to sign them up for the vendor portal, trying to get investors onboard, etc.
Wallenstein: dealing with the development of the vendor portal
Aszu: working on wallet upgrades and fixing the remaining bugs
AHumanBeingX: was working on marketing stuff, currently moving back to the US, so he's AFK
SeriousCoins: trying to get his head around the anon feature of the wallet

I'd also like to state once again that Kreative's job of getting investors on board is being made significantly more difficult by the huge number of shares on bittrex, which makes investors fearful of being dumped upon. That situation has actually improved over the past few days, but it would be very helpful if people who held a large number of coins would pull the majority of those coins to the local wallets.

So we're actually quite busy, but we don't have great new revelations to share with you every day; we don't have a magic hat we can pull this stuff from. That being said my next post will be something new.

Did you get my message about the ridiculous interest rate?  We had 1.35 million coins a little while ago.  Now, we have 1.53 million coins.  There has been an increase of 16,000 coins since yesterday.

I sent a PM to you, kreative, Aszu, and dcom.  No one replied to me.

If you want this coin to have any chance, fix the wallet ASAP and contact bittrex and ask them to destroy the tens of thousands of coins they minted.
sr. member
Activity: 397
Merit: 250
The Experience Layer of the Decentralized Internet


Which is why the wall that i propose is 4k. If investor see that wall they will feel more secured to buy at higher price. Even if everyone dump at that price, dev team regain 500k of DCM for just 20 Btc. That's a lot of dcm which they can use for bounty, extra multipool payout, incentive for voting, promotion and a lot more.

What i'm seeing right now is the dev team don't want to spend any of that ipo. For god sake 20 btc out of the 100 btc ipo is a small amount. Of course, that is conditional whether the dev didn't take any of the ipo for their personal gain.

A 4K wall is doable, although I wonder if they'd be better off just renting machines with their ipo money and mining on the multipool instead. It'd then create buy support, yet not just be a way for people to dump coins into a wall. Maybe at this point they should do a bit of both.

I disagree with the other poster regarding ditching the merchant plans. I may be in the minority, but I like to see a coin at least potentially have a use as a currency. The problem, as stated, is creating an incentive for people to use that crypto as a currency.

The devs here said they were working on ideas, but as of yet hasn't mentioned what their plan was.

There are ways to do it  --

Offer a discount for purchases using DCM over BTC or cash. To do this, they'd need to cover the costs or convince the vendors to cover the cost. They do have a lot of ipo money that could be used to offer discounts with, if they so choose.

There is an obvious volume problem, so right now I think if they do the merchant thing, they'd have to limit daily sales, or they'll crash volume if they sell DCM as soon as purchases are made. Again, the ipo money can get around this somewhat, by simply having the devs hold whatever DCM they get in, and using ipo money to cover costs.

And something I suggested to the Noble dev a while ago for their marketplace, is I think it would be interesting for a coin to set up a discount on a marketplace based on the number of coins held. Think of it like POS, but instead of extra coin, the person gets an extra market discount. It's not only an incentive to use the marketplace, but an incentive for people not to dump their coins.

a new one??
I am afraid I missed this train. pity.
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