Topic: Δ DeltaCredits - Trade-in ends in less than 24 hours - page 14. (Read 81049 times)

Wow massive buy on yobit , 2.1 BTCs in 1 go

Yes, keep the good work, dev.

Amount sent to burn address: 335.03718929 DCR

http://cryptobe.com/address/DBurnAddressDELTACreditsDCR1MHEkpR

I messaged a few of you as to the current situation on the SRF. We have already moved from cloud mining to manual trading. The approach taken towards trading is a relative mid-term view (holding onto coins for 1-2 weeks and then liquidating for a profit). You'll find SRF buys to be a bit more sizeable nowadays, but slightly more irregular.

Coin dead?

update?

Any update? Last burn was > 1 week ago.

Well, actually you can easily pump the price of any coin for any length of time. The trick is in the details of how this is financed.

There are different kinds of coins. Who says there's no room for coins with a limited lifetime as investments? Or that coould be seen as same kind of bond, just instead of fixed interests (seeing the PoS reward just as reward for moving the chain here, could be used for interest as well), buy back date and price it's gradually bought back and the market sets the price and together with time (or timing) eventually the yield.

Now, these other coins with other/more purposes often are facing a little problem. To move the chain there should be some reward. The really successful ones might get away with paying only the transaction cost but usually it needs more. Once this More exceeds the number of 'lost' coins they are either doomed to forever expand their market/value or it will hit the price eventually. Some burning mechanic, given it can successfully work, could provide coins with a possibility to offer rewards that actually matter without the drawback of built in inflation, just as an example for another use of a SRF kind of thing.

You do bring an interesting point but there are a few coins out there that do actually have a purpose which creates value and demand for them and it's not just by burning them otherwise it'd be so easy to pump price for any coin.

Real demand is ascertained through speculation by investors. Almost every digital currency on the markets nowadays have their values set by sheer speculation- it is what people believe the coin should be valued at. In the case of DCR, there will always be at least one single demanding force other than speculation- the SRF. Even if the SRF's demand is artificial, it A: Takes coins out of circulation, B: Chips away at the sell orderbook, C: Acts as a constant buying force.

If burning coins would guarantee higher prices in Altcoins everyone would be doing it, but what's the point of burning coins without a real demand? you can burn all the coins you want until you have one left and who's going to want to buy it?

Well, opinions differ. As far as mine is concerned this coin is mostly a test. It doesn't incorporates much hardcoded innovation, it doesn't involves that complicated technical systems that might fail on issues like your gambling coin example seems to suffer from and it doesn't work similar. In my eyes even after your example I still don't know a coin that tried doing what Delta does. That doesn't means Delta is safe from problems, the first investment didn't hold up to expectations for example. Its up to Delta to prove the idea right or wrong (actually Chancecoin didn't fail on its idea, it failed on the lack of ability of their Devs to provide a working technical base according to your description of events) and so far the needle still points to right.

Now, to me it looks like you want to make believe that this
means
. It doesn't, Gladimor just said there that some people do believe that, not that he does or it is true that the only and sole purpose money can ever have is exchanging it for goods and services. Well, if that's true casinos, gambling, shares, bonds and forex trading, loans and general investments doesn't makes sense and have no use whatsoever. Of course you are right in that money just has value if it can be exchanged for goods and/or services. But not every kind of money needs to as long as it's exchangeable with others that are. The exchange rate would be suffer though if Delta wouldn't have any use at all. But what is the use if you can't directly use it to get a coke, smoke or whatever? It's investment, trying to sell it for more BTC than you paid. Now you could say couldn't we just buy the mining shares/investments ourselves? Yes, we could, but we'd loose the chance that's offered by currency exchange. Some people get out sooner or cheaper, others wait for a better point in time to earn more than the average output of the investments. As you said some people win more because others loose, or if things turn out well, win less, like it is with all kinds of investments. That's the idea at least, because as I said in the beginning, in my eyes the main purpose of this coin right now is a proof of concept, testing if it works, how can it be made working better, how are people reacting/investing.

How a coin can be expanded around this concept, or how the concept can be used to affect positively a coin with more purposes build in is another story. Not necessarily a new chapter for Delta but it would be nice if it will be.

From an investing perspective, some people are going to loose what the others will earn as usual.
From an economic perspective this is really fucked up.

I am going to insist on the later. When you play and create new currencies and systems you have to ask yourself, what is the purpose ? and ultimately what is money for ?
There are different use of money, the most important is being a medium of exchange. For example, I could have 99% of the money in the world but ultimately it is worth nothing if I cannot spend it. Money have to be exchanged with other people for goods or services.
You have the guts to make it clear "a coin that has a decreasing supply seemingly does not have a use".
That the problem here, there is no use.

You could have done something much more interesting by incentivizing/motivating people to use and burn their money.
There was a very interesting example with Chancecoin. This crypto included a betting system : if the player win, more money is created but if he loses, the money is destroyed. As the odds are in favor of the house (destroying) (a house edge of 1.0%), the coins are more likely to decrease.

Even with this genius idea, the coin did not succeed because of technical limitations. The betting system was secured but way too slow, so people stopped betting, the project died.

It would be interesting though to find an effective incentive for people to burn their money.

Just my 2 cents. Don't take it bad but I think investors should be warned that it has been more or less tried before and it never worked.

EDIT : I just got an idea, why not decreasing the coin supply AND incentive people to burn coins ?

This coin is the best of the best, premium selection. collection of the finest. if they were cars, i could say that only 200 were made and i have 1 love the work gladimor, you are the master! i hope you burn coins until there are very few remaining! to the shit talkers, you provide no proof of anything legitimate and any investor with half a brain knows that a rare collectors item that slowly disappears will only skyrocket in value. I bet you are secretly buying them Because you know what this is about. Allow me to boast, Delta Credits is my dream car in the making so thanks ahead of time for this magnificent work of art!

Wow! Very good!
I'm one of the greatest DCR investors, and I'm holding probably for a year.
Kondiomir's logo is better. I think, Gladimor, that you have to change it.

That's quite an impressive amount of coins burned. Nice.

@kondiomir: Good work on that logo.

Amount sent to burn address: 577.01074486 DCR

http://cryptobe.com/address/DBurnAddressDELTACreditsDCR1MHEkpR

Looks really good Kondiomir, thanks.

I've made some logo:




Use it if you like it. 

As Zebedee23 said, DCR has been around since August, and will continue to exist and function.