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Topic: deleted - page 55. (Read 227358 times)

member
Activity: 81
Merit: 10
April 24, 2014, 08:06:19 AM
Any news when this is hitting mintpal and cryptsy?
full member
Activity: 168
Merit: 100
April 24, 2014, 07:58:53 AM
I think we need to apply market price
tAP
full member
Activity: 238
Merit: 100
April 24, 2014, 07:49:27 AM
Guys, think about it. Loan for alts or any currency is useless. Why should people not sell their coins directly for btc and then usd? Loans are for people who do not have money. Alts are money. Pls take physical collateral as a real pawnshop or aboundon this, it just makes no sence.
Brute-force and highly inefficient. First, you take the hit of exchange fees to sell your coins. Next you take the hit when you withdraw your coins...and you have to do this TWICE. Once to convert your altcoins, the second to convert back to altcoins after you're done. Oh yeah, should the alt happen to skyrocket during that time, you're SOL when you go to buy back in. You can avoid all this by simply using your altcoin as collateral and you get back ALL of your coins after the loan is settled.

+1.  I don't know why people don't see a use for this - I COULD ACTUALLY USE THIS MYSELF!

Although I will say I don't think loans should be given out strictly in Pawncoin since there are other situations warranting loans as well, such as needing USD, and having to sell the Pawns you are loaned on an exchange (plus taking the hit on both sides in and out) makes it too difficult.  

Edit:  Okay, also I wanted to ask, have we decided on a fixed pawn rate yet for loans?  Or are we going by market price?  If that's the case, what decides market price, do we just take what the price is at currently even though volume is usually thin?
sr. member
Activity: 378
Merit: 265
April 24, 2014, 07:47:33 AM
Guys, think about it. Loan for alts or any currency is useless. Why should people not sell their coins directly for btc and then usd? Loans are for people who do not have money. Alts are money. Pls take physical collateral as a real pawnshop or aboundon this, it just makes no sence.
Brute-force and highly inefficient. First, you take the hit of exchange fees to sell your coins. Next you take the hit when you withdraw your coins...and you have to do this TWICE. Once to convert your altcoins, the second to convert back to altcoins after you're done. Oh yeah, should the alt happen to skyrocket during that time, you're SOL when you go to buy back in. You can avoid all this by simply using your altcoin as collateral and you get back ALL of your coins after the loan is settled.
What about the rest 90% when alts price will go down as hell, which is general trend on all alts. Then loaner will choose not to return loan and pawnshop owners will be left with empty bags. I think only BTC might be an offer here. However, also, when users get PAWNs for loan they need to sell them to exchange too in order to get USD. What is difference from selling directly the alts and not bothering with pawns? I am sure that when people need money they will straight sell. Also do not forget the pawn interest, which is definately higher than all exchange fees I suppose.
full member
Activity: 224
Merit: 100
April 24, 2014, 07:04:48 AM
Pawn prices fall too much

Profit from the bargain
legendary
Activity: 1148
Merit: 1000
April 24, 2014, 07:00:48 AM
after dump end, no one want to dump his coin again.
legendary
Activity: 1148
Merit: 1000
April 24, 2014, 06:59:05 AM
i am buying more cheap pawncoin now.
legendary
Activity: 1148
Merit: 1000
April 24, 2014, 06:57:33 AM
Guys, think about it. Loan for alts or any currency is useless. Why should people not sell their coins directly for btc and then usd? Loans are for people who do not have money. Alts are money. Pls take physical collateral as a real pawnshop or aboundon this, it just makes no sence.
Brute-force and highly inefficient. First, you take the hit of exchange fees to sell your coins. Next you take the hit when you withdraw your coins...and you have to do this TWICE. Once to convert your altcoins, the second to convert back to altcoins after you're done. Oh yeah, should the alt happen to skyrocket during that time, you're SOL when you go to buy back in. You can avoid all this by simply using your altcoin as collateral and you get back ALL of your coins after the loan is settled.


that‘s right. Smiley
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
April 24, 2014, 06:53:17 AM
Guys, think about it. Loan for alts or any currency is useless. Why should people not sell their coins directly for btc and then usd? Loans are for people who do not have money. Alts are money. Pls take physical collateral as a real pawnshop or aboundon this, it just makes no sence.
Brute-force and highly inefficient. First, you take the hit of exchange fees to sell your coins. Next you take the hit when you withdraw your coins...and you have to do this TWICE. Once to convert your altcoins, the second to convert back to altcoins after you're done. Oh yeah, should the alt happen to skyrocket during that time, you're SOL when you go to buy back in. You can avoid all this by simply using your altcoin as collateral and you get back ALL of your coins after the loan is settled.
member
Activity: 70
Merit: 10
April 24, 2014, 06:51:58 AM
Pawn prices fall too much
member
Activity: 70
Merit: 10
April 24, 2014, 06:41:54 AM
Everyone to vote to mintpal with a little money
full member
Activity: 224
Merit: 100
April 24, 2014, 06:37:28 AM
Smiley

seems somebody just want to dump his pawncoin

Yeah, lot of dumping 3000->2400 satoshi and price have always recovered. There must be point when holders have more coins than dumpers :p.

Im buying all the cheap pawn  Grin
member
Activity: 98
Merit: 10
Developer multipoolmining.com
April 24, 2014, 05:16:54 AM
Smiley

seems somebody just want to dump his pawncoin

Yeah, lot of dumping 3000->2400 satoshi and price have always recovered. There must be point when holders have more coins than dumpers :p.
legendary
Activity: 1148
Merit: 1000
April 24, 2014, 04:29:26 AM
 Smiley

seems somebody just want to dump his pawncoin
full member
Activity: 168
Merit: 100
April 24, 2014, 02:27:02 AM
please tell me. on coinpod two-factor authentication joined me. but I didn't set up. how do I turn them off? now can't log in to my account Incorrect Two Factor Authentication
  I got locked out too, i enabled the 2FA but didn't scan the code. Send your email id to pawnco.in

thank
legendary
Activity: 1400
Merit: 1000
April 24, 2014, 02:21:18 AM
please tell me. on coinpod two-factor authentication joined me. but I didn't set up. how do I turn them off?
now can't log in to my account
Incorrect Two Factor Authentication

I got locked out too, i enabled the 2FA but didn't scan the code. Send your email id to pawnco.in
member
Activity: 98
Merit: 10
Developer multipoolmining.com
April 24, 2014, 02:08:04 AM
any interest on PAWNCOIN/USD market on coinpod.net

Cryptsy cryptostocks pages they tell lot of requirements for USD markets.

Do you also have these same requirements?

https://cryptostocks.com/securities/57
full member
Activity: 168
Merit: 100
April 24, 2014, 02:07:12 AM
please tell me. on coinpod two-factor authentication joined me. but I didn't set up. how do I turn them off?
now can't log in to my account
Incorrect Two Factor Authentication
member
Activity: 98
Merit: 10
Developer multipoolmining.com
April 24, 2014, 01:59:41 AM
When promotions start?
full member
Activity: 140
Merit: 100
April 24, 2014, 01:54:13 AM
Is coinpod already connected to coinmarketcap?

What do you all think, should we get Pawn to Coinwarz?
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