Topic: DeepOnion solves for "pump and dump" dilemma (Read 905 times)
A masternode on deep onion would defiantly be nice, it'd be a good idea for people to hold coins after a certain amount.
I have to agree that there are multiple solutions ( already mentioned above ) that could be put in place in order to minimize the effects of pumps and dumps but ultimatly i tend to believe that only real usability will prevent that ( since there will be more people involved, interested and that also generates liquidity ) and has of now the only use case scenario for Deep Onion is staking and minting new coins... ( please correct me if im wrong but the tor feature implemented in the wallet only "hides" wallet activity does not act has a tor node for all communications )
With all of this said i think that the masternode solution could be the most beneficial since you already have implemented POS and would increase the interest to hold bigger stakes...
With all of this said i think that the masternode solution could be the most beneficial since you already have implemented POS and would increase the interest to hold bigger stakes...
This just sounds way to centralized to even be considered a cryptocurrency. Why would I bother? Just because it's free?
It's an innovative and structured way of distribution to build a community and keep out the cheaters and abusers. This form of air drop will be mimicked repeatedly thru out late 2018-2019 when Deep onions success comes to fruition. People will be cutting them selves in their closets for missing this opportunity.
This just sounds way to centralized to even be considered a cryptocurrency. Why would I bother? Just because it's free?
I dont know how you were able to call DeepOnion as centralized.
Is it because there are set of rules needed to be followed by members in order to be accepted for airdrop.
Because if it is so, then I say that it is just gonna be normal for developers to set rules.
It is free as what you have said, the coin is freely given without any money involved.
But in order to promote the coin and community we must do our share.
And its just a simple task, carrying the signature here in bitcointalk
This just sounds way to centralized to even be considered a cryptocurrency. Why would I bother? Just because it's free?
Airdrop registration temporarily suspended?
That's too bad.
That's too bad.
you can still apply for airdrop since you have a legendary account. you can apply via signinig up into their official forum. pm me in the forums when you do.
Absolutely. I hope this gets approve as soon as possible cos this will counter the pump and dump scenario.
I think it's a good solution also, people won't be tempted to sell more than 10% even if the price gets big, because they won’t want to miss on future airdrops
Masternodes do the same - incentivize people to hold coins - but in a proper decentralized manner.
Having to rely on a central authority owning massive amounts of the supply is a way bigger issue than market manipulation - which you can't avoid anyway.
Having to rely on a central authority owning massive amounts of the supply is a way bigger issue than market manipulation - which you can't avoid anyway.
Airdrop registration temporarily suspended?
That's too bad.
That's too bad.
sold
One good thing about the Deeponion community is that it has a unique set of developers which will finally solve the issue of almost all altcoins have a problem in common:
"the pump and dump" dilemma.
Premise:
Conclusion:
10% withdraw rule. (Existing)
Penalties (Future) take note, this is the real solution.
for example:
if "Client A" withdraws all his 1,000 Onions then the dev team immediately detected that he violated the 10% Rule. Client must replenish his airdrop wallet with the amount of 1,800 Onions so that he will be eligible for the next airdrop. If not, he will not be included in the future airdrops to come.
calculations are as follows:
1,000 x 1.80 (80%) = 1,800
This Solution will ensure that people with the strong intention to pump and dump the Onions will not profit from it anymore. Solving the age-old dilemmas for altcoins.
DeepOnion Delivers!
"the pump and dump" dilemma.
Premise:
- DeepOnion will airdrop onions every friday for 40 weeks. (free onions for everyone on bitcointalk) so after the airdrop, "Dumpers"will immediately withdraw all 100% onions from their airdrop wallet and sell them to exchanges, which would cause a "pump and dump" trend. by these trend, it will signal other traders to dump their onions before the price fell on its knees.
Conclusion:
10% withdraw rule. (Existing)
- Users that will withdraw more than 10% from their airdrop wallet will be blacklisted. therefore they are not eligible for future airdrops.
Penalties (Future) take note, this is the real solution.
- Users that want to appeal their blacklisted status will pay a penalty of 80% (upon the discretion of the developers, can change every week)
for example:
if "Client A" withdraws all his 1,000 Onions then the dev team immediately detected that he violated the 10% Rule. Client must replenish his airdrop wallet with the amount of 1,800 Onions so that he will be eligible for the next airdrop. If not, he will not be included in the future airdrops to come.
calculations are as follows:
1,000 x 1.80 (80%) = 1,800
This Solution will ensure that people with the strong intention to pump and dump the Onions will not profit from it anymore. Solving the age-old dilemmas for altcoins.
DeepOnion Delivers!
This is a solution on its face, but part of the viability premise of cryptocurrency is that it is unburdened by a central authority.
I know DeepOnion is essentially free giveaway money during this distribution phase, but now there is a burden on it, placed there by a centralized source. It can now be blacklisted by the dev team if a user attempts to spend it in an unauthorized way. This means it's no longer fungible or permissionless. (If you lift these restrictions far in the future, it will be interesting to watch.)
I remain interested in what you're doing...
You could also add master node and set it to 20000 ONION so people getting the air drop have a good reason to hold even after the air drop has been completed.
One good thing about the Deeponion community is that it has a unique set of developers which will finally solve the issue of almost all altcoins have a problem in common:
"the pump and dump" dilemma.
Premise:
Conclusion:
10% withdraw rule. (Existing)
Penalties (Future) take note, this is the real solution.
for example:
if "Client A" withdraws all his 1,000 Onions then the dev team immediately detected that he violated the 10% Rule. Client must replenish his airdrop wallet with the amount of 1,800 Onions so that he will be eligible for the next airdrop. If not, he will not be included in the future airdrops to come.
calculations are as follows:
1,000 x 1.80 (80%) = 1,800
This Solution will ensure that people with the strong intention to pump and dump the Onions will not profit from it anymore. Solving the age-old dilemmas for altcoins.
DeepOnion Delivers!
"the pump and dump" dilemma.
Premise:
- DeepOnion will airdrop onions every friday for 40 weeks. (free onions for everyone on bitcointalk) so after the airdrop, "Dumpers"will immediately withdraw all 100% onions from their airdrop wallet and sell them to exchanges, which would cause a "pump and dump" trend. by these trend, it will signal other traders to dump their onions before the price fell on its knees.
Conclusion:
10% withdraw rule. (Existing)
- Users that will withdraw more than 10% from their airdrop wallet will be blacklisted. therefore they are not eligible for future airdrops.
Penalties (Future) take note, this is the real solution.
- Users that want to appeal their blacklisted status will pay a penalty of 80% (upon the discretion of the developers, can change every week)
for example:
if "Client A" withdraws all his 1,000 Onions then the dev team immediately detected that he violated the 10% Rule. Client must replenish his airdrop wallet with the amount of 1,800 Onions so that he will be eligible for the next airdrop. If not, he will not be included in the future airdrops to come.
calculations are as follows:
1,000 x 1.80 (80%) = 1,800
This Solution will ensure that people with the strong intention to pump and dump the Onions will not profit from it anymore. Solving the age-old dilemmas for altcoins.
DeepOnion Delivers!
This is a solution on its face, but part of the viability premise of cryptocurrency is that it is unburdened by a central authority.
I know DeepOnion is essentially free giveaway money during this distribution phase, but now there is a burden on it, placed there by a centralized source. It can now be blacklisted by the dev team if a user attempts to spend it in an unauthorized way. This means it's no longer fungible or permissionless. (If you lift these restrictions far in the future, it will be interesting to watch.)
I remain interested in what you're doing...
One good thing about the Deeponion community is that it has a unique set of developers which will finally solve the issue of almost all altcoins have a problem in common:
"the pump and dump" dilemma.
Premise:
Conclusion:
10% withdraw rule. (Existing)
Penalties (Future) take note, this is the real solution.
for example:
if "Client A" withdraws all his 1,000 Onions then the dev team immediately detected that he violated the 10% Rule. Client must replenish his airdrop wallet with the amount of 1,800 Onions so that he will be eligible for the next airdrop. If not, he will not be included in the future airdrops to come.
calculations are as follows:
1,000 x 1.80 (80%) = 1,800
This Solution will ensure that people with the strong intention to pump and dump the Onions will not profit from it anymore. Solving the age-old dilemmas for altcoins.
DeepOnion Delivers!
"the pump and dump" dilemma.
Premise:
- DeepOnion will airdrop onions every friday for 40 weeks. (free onions for everyone on bitcointalk) so after the airdrop, "Dumpers"will immediately withdraw all 100% onions from their airdrop wallet and sell them to exchanges, which would cause a "pump and dump" trend. by these trend, it will signal other traders to dump their onions before the price fell on its knees.
Conclusion:
10% withdraw rule. (Existing)
- Users that will withdraw more than 10% from their airdrop wallet will be blacklisted. therefore they are not eligible for future airdrops.
Penalties (Future) take note, this is the real solution.
- Users that want to appeal their blacklisted status will pay a penalty of 80% (upon the discretion of the developers, can change every week)
for example:
if "Client A" withdraws all his 1,000 Onions then the dev team immediately detected that he violated the 10% Rule. Client must replenish his airdrop wallet with the amount of 1,800 Onions so that he will be eligible for the next airdrop. If not, he will not be included in the future airdrops to come.
calculations are as follows:
1,000 x 1.80 (80%) = 1,800
This Solution will ensure that people with the strong intention to pump and dump the Onions will not profit from it anymore. Solving the age-old dilemmas for altcoins.
DeepOnion Delivers!
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