Topic: [LOGIC] Logicoin | Decentralized Anonymous Smart Contracts | Blockchain Tech - page 2. (Read 117225 times)
November 15, 2014, 09:56:56 AM
The hash rate is too low to support the network if we keep the current reward. We can increase reward to 10-50 and give 5-10% to dev, then the mining is sustainable.
November 14, 2014, 05:29:55 PM
Until the big holder (over 2 million coins) steps forward and devotes a very large portion of their holdings to further development, this coin can go no where.
If this coin were starting from scratch, this would be like a 60% pre-mine. No one, and I mean NO ONE, will ever invest in a coin where one holder is in control of more than half of the coins. Until that fact changes, this coin is a waste of time and resources.
If this coin were starting from scratch, this would be like a 60% pre-mine. No one, and I mean NO ONE, will ever invest in a coin where one holder is in control of more than half of the coins. Until that fact changes, this coin is a waste of time and resources.
November 13, 2014, 12:31:02 PM
20k LOGIC from me too 
, now we need Number 1 biggest holder to show up, thats 90k in total, already he would be 13th on rich list :0
, now we need Number 1 biggest holder to show up, thats 90k in total, already he would be 13th on rich list :0 November 12, 2014, 09:39:03 PM
I will give 20% too, lets really share and do something together here. 50k for the new Dev lets make it more ppl! Lets attract some attention and let ppl know that we need dev and we are ready to commit!
70K LGC so far.
70K LGC so far.
November 12, 2014, 08:41:05 PM
I'll go 20k LOGIC (20% of 100k), it certainly isn't doing me any good collecting dust in an archived wallet.
It would have to go into some type of transparent escrow fund.
Although, the big boy(s) need to step up with some serious coin to make this work...
It would have to go into some type of transparent escrow fund.
Although, the big boy(s) need to step up with some serious coin to make this work...
November 12, 2014, 07:56:16 PM
This coin is great in so many ways (it works without the dev for so long ) And it still works fine, so how about we all think of a number in % that we would be willing to give up to the NEW DEV from our LGC so that he got a capital of LGC and by doing so he will be given motivation to for work - if coin will be listed again on the exchanges and its worth would grow he would become a rich man. So 10% of all coins minded to the new dev ? Anyone would take the job ?;]
) And it still works fine, so how about we all think of a number in % that we would be willing to give up to the NEW DEV from our LGC so that he got a capital of LGC and by doing so he will be given motivation to for work - if coin will be listed again on the exchanges and its worth would grow he would become a rich man. So 10% of all coins minded to the new dev ? Anyone would take the job ?;] 
October 26, 2014, 01:37:04 PM
Might be relevant, Might not.
This coin is not on bitcointalk.org but the addnode is the same as this coin.
As said on the first line, Might be relevant, Might not.
I have no idea, Not mining.
This coin is not on bitcointalk.org but the addnode is the same as this coin.
As said on the first line, Might be relevant, Might not.
I have no idea, Not mining.
October 25, 2014, 09:24:07 PM
If we want to revive the coin, we can set a new mining scheme, to issue more coins, that will dilute the premine. That is subject to community consent.
The top 10 wallets (2 or 3 people) hold 70% of about 4.2 million coins. Even @ 10 million coins, they would still own 28%.
Diluting the coin beyond 10 million would violate the trust of the original "charter" and once again, undermine the coin's reputation, not that it could get much lower than it is now.
The big wallet holders are like a monkey with their hand in the jar, if they hold onto the "prize", they get nothing, if they let go, they get nothing. Something like this: http://www.youtube.com/watch?v=UTX7Cxq8aGc
Regardless, all speculation is purely academic at this point...
October 25, 2014, 11:03:03 AM
If we want to revive the coin, we can set a new mining scheme, to issue more coins, that will dilute the premine. That is subject to community consent.
October 24, 2014, 02:25:24 PM
The network hash rate is 5 MH/s. There are very few transactions. The dev should increase the block time to 1 hour and increase the block reward accordingly to keep the coin in care. This will also reduce the number of blocks. When LGC come to life and used more, we can reduce the block time to facilitate fast transactions.
In case you missed my previous post:
"Someone was able to buy 40-60% of all coins in the last days and weeks of trading, so now the distribution of the coin is also messed up, similar to a massive pre-mine. Who would ever invest in a coin when some large stakeholder is able to dump so many coins at will."
How can this coin "come back to life" when a massive majority of coins are owned by one person. I'd really like to hear a LOGICal attempt at an answer. Even coins with a pre-mine of only a few % are utterly worthless and defunct.
October 24, 2014, 11:39:05 AM
Why do you guys are still here. LGC is dead!
October 24, 2014, 02:55:01 AM
The network hash rate is 5 MH/s. There are very few transactions. The dev should increase the block time to 1 hour and increase the block reward accordingly to keep the coin in care. This will also reduce the number of blocks. When LGC come to life and used more, we can reduce the block time to facilitate fast transactions.
October 23, 2014, 03:19:35 PM
I mined logicoin from day one, i remember the dev saying the mining would go on for years
I had a vacation in Australia once and it was excellent
would totally go again!
I had a vacation in Australia once and it was excellent
would totally go again!
Good luck with that.
October 23, 2014, 02:26:44 PM
"End", might be premature, I'll be more specific...
Transactions are "piggy-backed" on mined blocks. No mining = no transactions.
It is possible the Dev put in place something to keep everything moving before he/she disappeared back in July. We'll all know for sure this weekend when block 259,200 is mined.
Even if the Dev did implement something like PoS (which doesn't appear in the current wallet), or further block halving, there is still no development, no pools, no exchanges, and no confidence. The "community" is all but gone.
Someone was able to buy 40-60% of all coins in the last days and weeks of trading, so now the distribution of the coin is also messed up, similar to a massive pre-mine. Who would ever invest in a coin when some large stakeholder is able to dump so many coins at will.
Transactions are "piggy-backed" on mined blocks. No mining = no transactions.
It is possible the Dev put in place something to keep everything moving before he/she disappeared back in July. We'll all know for sure this weekend when block 259,200 is mined.
Even if the Dev did implement something like PoS (which doesn't appear in the current wallet), or further block halving, there is still no development, no pools, no exchanges, and no confidence. The "community" is all but gone.
Someone was able to buy 40-60% of all coins in the last days and weeks of trading, so now the distribution of the coin is also messed up, similar to a massive pre-mine. Who would ever invest in a coin when some large stakeholder is able to dump so many coins at will.
October 22, 2014, 03:19:06 PM
Blockchain END in roughly 4 days @ 1440 blocks per day - Saturday or Sunday.
If you need to move your coins around, now might be the only time to get it done.
If you need to move your coins around, now might be the only time to get it done.
How can a block chain end?
October 17, 2014, 07:27:08 AM
ok thanks, will delete this shite then
Better don't delete yet you never know
at least make a backup of wallet and then delete. October 17, 2014, 07:15:56 AM
ok thanks, will delete this shite then
October 17, 2014, 07:10:54 AM
October 17, 2014, 06:57:02 AM
is there any live exchange??
October 03, 2014, 02:21:36 AM
I send 41,5K LGC from Poloniex to my wallet, but I don't see them. On Poloniex transaction status is "COMPLETE: ERROR" - without tx id. What should I do?..
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