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Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 140. (Read 421398 times)

newbie
Activity: 56
Merit: 0
WTS half of my GPUC

1.3 million GPUC pm me your offer. Offers will be open till 8pm e.s.t. Today.

Serious offers only.

Cheers
full member
Activity: 126
Merit: 100
Pushing Matrices
The faucet is up and running!
http://gpu.reverbs.pw/

I am currently mining gpucoin to get the faucet filled up a little.
We would appreciate some donations though to get the faucet started.

(Payouts and such may be adjusted in the future, depending on our wallet's balance)

Enjoy Smiley

Edit: note how the faucet won't work until someone has donated or our the pool has paid out.
legendary
Activity: 1932
Merit: 1003
The CEO can easily manipulate the market with his store.  Since he will be holding 80 gpu's in which he will make a profit on each one.  If I were him, I would list them at a 750,000-1million gpucoins each and limit 1 per person/household for the initial batch.  That will set the current market value for each gpucoin.  Then he can unload all his coins and repeat.  Just skimming through the IPO list, I think there are under 80 IPOs with 750,000gpucoins, so each IPO will be able to pick up a 280x if they choose to.
member
Activity: 98
Merit: 10
Forget about GPUs for a minute,

when are we gonna list this baby on a decent Exchange?

Probably within a month, as the storefront was coming online within 2 weeks.


I think sooner... once buzz starts about a coin with a GPU store attached.

I remember hype was pretty high before last failed launch..
sr. member
Activity: 271
Merit: 250
Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

I see what you did thar  Grin

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin

Implying I couldnt buy a GPU without GPUCoin. The opposite is fact now: I can not buy GPUs with GPUCoin because the store is not there and it's still unsure if it will ever open.
How do you know, that the CEO still working on getting the store running or if he's already roasting his tan in the sun of hawaii with your BTC? You did not get any updates here, did you?

Why unsure dude, you are just a hater man, your glass is half emty. This coin just stared, give it time, if you cant w8t and want a pay-out just do it.

Dont say its unsure if the store will open or not....your just a kid

"The opposite is fact now:" DUHH store OPENS 14 DAYS AFTHER THE COIN STARED
sr. member
Activity: 294
Merit: 250
Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

I see what you did thar  Grin

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin
Yes but who buy gpu's ? Miners.
How do they get their coins ? By Mining not by buying (unless it becomes very cheap)

Unless they have only mined 500,000 coins and need to buy another 500,000 to purchase a new GPU

It will be like getting an extra discount on an already cheap card
hero member
Activity: 616
Merit: 500
Forget about GPUs for a minute,

when are we gonna list this baby on a decent Exchange?

Probably within a month, as the storefront was coming online within 2 weeks.
member
Activity: 98
Merit: 10
Forget about GPUs for a minute,

when are we gonna list this baby on a decent Exchange?

legendary
Activity: 1400
Merit: 1050
Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

I see what you did thar  Grin

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin
Yes but who buy gpu's ? Miners.
How do they get their coins ? By Mining not by buying (unless it becomes very cheap)
hero member
Activity: 616
Merit: 500
How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin

I would say you should hope people don't mine and dump it, they certainly could.
sr. member
Activity: 476
Merit: 250
Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

I see what you did thar  Grin

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin

Implying I couldnt buy a GPU without GPUCoin. The opposite is fact now: I can not buy GPUs with GPUCoin because the store is not there and it's still unsure if it will ever open.
How do you know, that the CEO still working on getting the store running or if he's already roasting his tan in the sun of hawaii with your BTC? You did not get any updates here, did you?
sr. member
Activity: 294
Merit: 250
Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

I see what you did thar  Grin

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin

Exactly or mine obviously. This is why the price will go up ands is also why I don't understand people who are dumping GPUC for nothing now
sr. member
Activity: 271
Merit: 250
Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

I see what you did thar  Grin

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin
hero member
Activity: 616
Merit: 500
Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

Put it on an exchange at market value. The system should manage itself. Unless people try to crash the coin itself, they won't over-value it. Then just convert the BTC, just like any other coin.

GPUC -> BTC
The system doesn't really manage itself. It is managed by traders who make their profit by buying low and selling higher.
So each time there will be a sell, a large amount of gpucoin will be released and put on sell and the shop will be in the obligation to sell their coins to get btc's (I mean will he have the possibility to wait ?).
Looks to me any trader will do his best to push down the value before buying it ?

Examine any of the business related coins and you'll see the value isn't that important so long as it doesn't tank to 1 satoshi. The coin is simply the transport mechanism, a conveyor belt. Of course the more its worth, the easier it is to move.

The reason for this is because the storefront has to cash the coin out to bitcoin anyhow, so he's using the same method traders or you guys would to buy or sell the coin: the same exchanges. He will be forced to dynamically adjust pricing of GPUs for this reason. If he keeps it static--trying to force a market value--day traders and bot traders could undermine him. Instead, he will go with market flow. If it takes 5 million GPUC to buy a $150 card, then that's what it takes. The next day it might take 1million.

Sortof like bitcoin.
sr. member
Activity: 294
Merit: 250
Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

Put it on an exchange at market value. The system should manage itself. Unless people try to crash the coin itself, they won't over-value it. Then just convert the BTC, just like any other coin.

GPUC -> BTC
The system doesn't really manage itself. It is managed by traders who make their profit by buying low and selling higher.
So each time there will be a sell, a large amount of gpucoin will be released and put on sell and the shop will be in the obligation to sell their coins to get btc's (I mean will he have the possibility to wait ?).
Looks to me any trader will do his best to push down the value before buying it ?

The price in GPUC per GPU will have to change in real-time.

At current prices a 280x is going to be around 2.3 million GPUC I can't see it staying at that price for long though
sr. member
Activity: 476
Merit: 250
Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

I see what you did thar  Grin
legendary
Activity: 1400
Merit: 1050
Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

Put it on an exchange at market value. The system should manage itself. Unless people try to crash the coin itself, they won't over-value it. Then just convert the BTC, just like any other coin.

GPUC -> BTC
The system doesn't really manage itself. It is managed by traders who make their profit by buying low and selling higher.
So each time there will be a sell, a large amount of gpucoin will be released and put on sell and the shop will be in the obligation to sell their coins to get btc's (I mean will he have the possibility to wait ?).
Looks to me any trader will do his best to push down the value before buying it ?

For other coins anybody buy and sell. But with gpucoin, there will be mostly one big seller. So you just need to put the pressure on him to basically destroy the market.
sr. member
Activity: 602
Merit: 295
Hail Eris!

May sound like a wild guess, but I would say his pocket... It's business not a charity...

I don't think you understood my question.
hero member
Activity: 616
Merit: 500
If he sets a 1 GPU daily limit. He should charge shipping per card per day and not combine all orders within a week or so and ship them out at once. This will limit the big dogs. He will also profit not only on the cards but on the shipping.

Or he could be smart and keep his margins thin in order to promote business initially, and then profit on volume as things move forward.
hero member
Activity: 616
Merit: 500
Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

Put it on an exchange at market value. The system should manage itself. Unless people try to crash the coin itself, they won't over-value it. Then just convert the BTC, just like any other coin.

GPUC -> BTC
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