Topic: error - page 128. (Read 360500 times)

I was under the impression "pump and dump" was referring to the market manipulators. Not people who mine-dump them. I am actually still confident in that impression. Mine-dump is NOT pump and dump.

In fact, if this large scale mine dumping is as predicable as you all are describing that it is, this is great news for an investor. All I have to do is come around during this times and buy up all the cheap coins, at regular predicable intervals.

Then I could tell everyone to do the same and they will. This will create quite the demand.

For example, I know that at time x because of difficulty y, big rig miner z will be dumping cheap coins. I tell everyone, come here at time x for cheap coins, and they will flock.

Killing the coin? Are you kidding me?

And this principle that I am stating above, along with the ones I've been pounding into the keyboard all night, are STRENGTHS.

Making it easier for the coin to be mine-dumped on a daily basis WILL KILL the coin because the dumps won't be at regular intervals, and that leaves the coin vulnerable to people who want to just constantly mine-dump it and move on to the next alt. Its funny how what you perceive as killing the coin is really only killing your ability to make perpetual profits instead of the big rigs making profits at regular intervals (which I can profit from as an investor and long term holder).

I hope the mining difficulty squeezes every last one of you "its killing the coin" mine-dumpers out of here. YOU are what will kill this coin if anything. Increasing difficulty means increasing long term value, no matter how you slice it. Move on to the next-alt if you think this coin will die. I will buy up cheap coins and hold long over the next couple of years and we'll see who profits more.

Investors that make profits engage in due diligence.
Upon thorough investigation of this coin as a potential to store vast amounts of wealth, a FORK brings questions like:

What, you weren't smart enough to do it right from the inception?
If you had to FORK it, that means you didn't know what you were doing...so why should I think you know what you are doing now?

It also opens up for rumors to spread quick about scams, etc. Even if they are not true, mind you. And what kind of SERIOUS holder of wealth would want to put millions of dollars in that?

As it stands right now, once we get that system tray icon fixed, this coin is CLEAN, and PURE, and SOLID.

People will look back and scrutinize everything and find that it was provably not pre-mined, and never forked because it knew what it was about, and stuck to it rigidly.

the coin is perfect the way it is (system tray icon not withstanding) anyways.

Fortunately, in this case, I don't think it will.
>We love Ron Paul, and the principles he is a champion of.
>We love the security of the transaction, and the decentralization of it, not the speed.
>I can look at the blockchain right away and see that the transaction is happening. And even if it takes 1/2 a day, thats way better than 3-5 days for a bank transfer! And with a bank transfer, I can't look at the blockchain! I have to TRUST people, not visible computer code.
>There will be plenty that will show support by mining because of re LOVE ution. Myself being one of them. Not for profit. The increase of the coins value will more than make up for my electricity costs, and sunk costs of not mining other alts, in the long term anyways, with the way this is set up.

only people i see losing in this proposition are regular-joe-miners who want to mine-dump and don't care about which coin they are doing it to anyways. and if they don't care about us, then why should we KILL the coin by forking it for them, when the coin is perfect the way it is (system tray icon not withstanding) anyways.

Awesome on the last part.
As far as transaction time: In the fiat world...if I was moving a million dollars, I would be happy with a half day transaction time.

I mean, its 3 days for a bank transfer as it is. If i want fast transaction times, I'll use other coins. But, if I am storing value that I want to increase over time, how much do you think I care about transaction times? Nada.

 I think the miners around here are only looking at their own ability to profit, which is ok, but they aren't caring at all about the ideas we hold sacred and the inherent intention of this coin. So, they can move on to mining the next coin. Right?

Again, I don't doubt this the ability of this community to find people who would dedicate their mining power so that our transactions can be processed. And I don't think we are concerned with having fast transactions.

We love Ron Paul, and the principles he is a champion of. We love the security of the transaction, and the decentralization of it, not the speed. And if that's the case, then how does what everyone is saying about the difficulty mean the death of the coin?

The main issue with that is the only ones benefitting from RPC are speculators and dumpers with big rigs, the average miner just has to watch it from the sidelines.
Once the diff shoots up to mars the coin is heavily hurt by all the big guys leaving, you are not helping a coin if the consequences you leave behind are a lower reward for miners and 4 times the transaction time for investors.

RPC needs fixing the block retarget time fast, otherwise it will fail hard when the next low diff craze leaves the coin at a 150-200 difficulty and miners leave again after dumping.

I lived in Berlin for 8 months (the international student building next to the lidl in potsdammer platz, no worries.) Verstehen zee (spelling?)

So, in the long term...what if a bunch of us decided we would dedicate our miners and hold the coins? Wouldn't the potential profit that we can make from the coins resulting increase potentially be MORE than what we would make turning over new alts?

People only come around every so often, when the difficulty is low, to mine and dump a large quantity ~ then the people wanting the coin, that couldn't get it as easy before, will buy them up quick whenever this takes place? Doesn't that only hurt the little guy's mining? How does it actually hurt the coin itself if the demand is there? Doesn't that HELP the value of the coin?

Interesting. If there is any community that WOULD mine, even at moments of low profitability, it's this one, I would think.

I'm considering mining to support the coin, not for the profit. The profit for me is in the long term growth of the coin.

Is there a feasible way to cloud mine this? The technology is advancing too fast to make any large investment in equipment, since just about every day innovations are happening which make former equipment obsolete.

Thank you for the quick response! I am actually thinking this is good news for the coin. So, since I am part of this community, and since I love this coin~ and I appreciate your efforts and your thorough answer~ I can send you a tip to ease things for you a little bit, got an address?