4000 blocks insta-mined... Not sure why this coin didn't implement PoW so it could be shared, instead of a few people who knew about the coin at the launch mining all the coin. 3 Days PoW? I would have to look past this to invest.
Margin Call though since anyone buying in should understand that the Market price of each Kore will not go past the value of the Traditional call being placed. Unless Kore broadcasts a varying amount of Kore per call the Price of Kore will be Tied to Traditional calls. Since now the Koin has a limiter to each Koin value even if only a fraction. So just do away with the idea of Traditional calls. The value of BitCoin vs the Dollar always fluctuates too so there are many variables in order to make Traditional calls cost effective in Kore vs what they cost normally. And if you call traditionally then it is not Anon since those are NSA Conference Party Lines lol.
What makes Kore the only coin that could ever do VoIP too? VoIP function could be integrated into every coin wallet.
With this in mind Kore should do a Licensing Play. You should make Kore Coin become the purchase price of the functionality integrated into any coin wallet. Then the cost per BitCoin could sky-rocket as a turnkey solution. Since all coins would be offered functionality that relate to their market value and you become the integrator to the favorite coins of the public choice instead of just your Insta-Mined coin. Then people who were lucky enough to know about your launch and hold could sustain a long term profit. Otherwise they are just going to be selling their shares at the cost of a Traditional call.
I can't get my wallet to sync but if you like this idea and want to donate let me know and I will try to get the wallet to work. Most likely you won't like it anyways and just get rid of traditional calls.
Margin Call though since anyone buying in should understand that the Market price of each Kore will not go past the value of the Traditional call being placed. Unless Kore broadcasts a varying amount of Kore per call the Price of Kore will be Tied to Traditional calls. Since now the Koin has a limiter to each Koin value even if only a fraction. So just do away with the idea of Traditional calls. The value of BitCoin vs the Dollar always fluctuates too so there are many variables in order to make Traditional calls cost effective in Kore vs what they cost normally. And if you call traditionally then it is not Anon since those are NSA Conference Party Lines lol.
What makes Kore the only coin that could ever do VoIP too? VoIP function could be integrated into every coin wallet.
With this in mind Kore should do a Licensing Play. You should make Kore Coin become the purchase price of the functionality integrated into any coin wallet. Then the cost per BitCoin could sky-rocket as a turnkey solution. Since all coins would be offered functionality that relate to their market value and you become the integrator to the favorite coins of the public choice instead of just your Insta-Mined coin. Then people who were lucky enough to know about your launch and hold could sustain a long term profit. Otherwise they are just going to be selling their shares at the cost of a Traditional call.
I can't get my wallet to sync but if you like this idea and want to donate let me know and I will try to get the wallet to work. Most likely you won't like it anyways and just get rid of traditional calls.
Haha what?
If you make a Traditional Call for .10 USD how does a satoshi relate to the .10 vs the cost of Kore? There would have to be a real time relation between the USD exchange to BitCoin=Kore Coin value. This value if always the same e.g. 1 Kore Coin = .006 USD which is the current price at .0002 BTC. So if the Price of Kore goes up (which all investors want right?) then that means placing a traditional call will cost 1 Kore=$10.00 per call. This is just an example to show you WHAT I am talking about. If there is a variable rate that allows for changing realtime the cost of a traditional call then this would be the work around so that the price can go up for Kore. If there is no way to work around this for Traditional calls then Kore would be wise to Dump Traditional calls if they want their money supply to be worth more. Get it?
Another way to increase market share would be to allow other Coins to integrate it for a fee or a transaction fee per call. The people staking the coin right now who got in on the Launch are the ones in the driver seat though since PoW was over in 3 Days YEAH WHAT!!! and they can stake the hell out of the coin and control it. Which is why not many people knew about the Launch. Now if Kore wants to IPO their current shares and ReLaunch that may be fair and the IPO can be set at the current price or a fair markup. This would show integrity too. Since the functionality was not available at launch. I think most coins would be smart to do things this way. Kind of like an IPO so they can afford to develop and then once their track record is proven everyone can get in on it.
Either license Kore as a brand into the other wallets or license the functionality into their wallet for a price. Use a Kore address inside of a LiteCoin wallet etc. Or License the utility into a LiteCoin for use with that specific currency, all proceeds go back to Kore coin.
No one really has to use Kore Coin if it is Free anyways so why would the cost of Kore ever go up? I can use Kore Wallet Calling without buying Kore right? If there is no cost for Wallet to Wallet calls there is no value to the coin to invest in. This is why Traditional calls were going to be implemented but the Devs probably realized they will dig a hole for themselves.
If the Devs are Staking this coin right now they most likely own more than 51% being a 3 day PoW. 450 per block and 1000 per block only 4000 blocks yay!
You are mistaken on all levels.
You know not what you talk about.
Nor are your lines of reasoning realistic.
I see nearly every single post you made was in CRYPT Coin.
Perhaps stay there at CRYPT thread.
4000 Blocks PoW Mistaken?
450 Coin per block and 1000 coin for the last 800 blocks? Mistaken?
* Algorithm: X13
* PoW Coins: 1.2 Million
* PoW Block Reward: 450 KORE
* Block 3200 - 4000 = 1000 KORE
* PoW Timefram: 4000 Blocks
* Block Time: 60 Seconds
* PoS Minimum Age: 1 hours
* PoS Max age: 8 Hours
* PoS Interest: 10%
* Total Coins: 12 Million
I could be mistaken that the Devs Mined any though that is a fact.
I started researching Kore since I saw your post in the Crypt coin thread, which was very respectable of you to police your coin that way.
I also initially came here to start my own thread about Cryptsy and the Bait-n-Switch for the MN2 Mining Contracts.
Pegging a Kore coin cost per call limits the market return on investment capacity. If you have 1.2 Million coins that are bought to make calls your supply is worth the value of the feature you sell or compete with in an open market. In this case the real cost of Skype to Traditional Call. The total 12 Million are minted by who owns the coin during PoS and seeing a short PoW tends to make me think it was mined by a group.
Where you may have an edge or premium is Anon Call to Call. What that is worth the market decides. If you have a way to adjust the calling charge vs the value of BitCoin into Kore then this would not be an issue. How is that mistaken? Hypothetically a fraction of a Kore could equal a call but as soon as you determine that fraction your coin becomes that worth. Unless the wallet takes the market cost of BitCoin and in real time issues a cost per call equal to the market rate. Then there is no issue at that point. So this must be what Kore needs to implement for Traditional Calling Costs. I think it is possible to do also.
Since Kore is Free then the only people who buy Kore would be those who want to transfer money with it and this will always be based closely on the cost of BitCoin. So how does an investor make money with your coin? Or To The Moon as people are writing in your thread? Maybe you don't want people to make money off the coin and that is commendable, but that leaves the only people making money from it are the Group that Mined initially for 3 days. The short PoW seems unfair since there are so many scam coins or just unknown (not to say Kore is scam but just unkown and unfunctional at the time of launch) that mining a coin without a working feature set is a crap shoot at best or wasted time by PnD groups. And Kore only allowed 3 days for those who were lucky enough to find it and cheaply mine it with X13.
I would rather be Mistaken than Taken so thanks for clearing anything up you wish to address.
Since Surly,
CryptoNick
