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Topic: [ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet - page 245. (Read 268549 times)

hero member
Activity: 756
Merit: 500

It's hilarious what anyone want reduce block reward and coin supply. BECAUSE PRICE GOES DOWN. Smiley
Price goes down because where is no any real value in this coins, you can't buy anything real for this coins.
Block reduction mean only what miners (only one type of people who make decision put some recourse in this coin)  will have much less reason to do it.
Without miners no one (except you who hold this numbers in wallets an waiting 'the MOON') will be interested in higher prices.



Interesting discussion... one of the reasons around the original total # of coins was to provide a base of liquidity to the system because of phase ][ we need coins in the marketplace... so its a mix of too much/too little or just right :-)
full member
Activity: 238
Merit: 100

It's hilarious what anyone want reduce block reward and coin supply. BECAUSE PRICE GOES DOWN. Smiley
Price goes down because where is no any real value in this coins, you can't buy anything real for this coins.
Block reduction mean only what miners (only one type of people who make decision put some recourse in this coin)  will have much less reason to do it.
Without miners no one (except you who hold this numbers in wallets an waiting 'the MOON') will be interested in higher prices.



I'll still mine it,and if less people mine it all the better for me if the difficulty decreases  Grin Grin Grin
legendary
Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.

It's hilarious what anyone want reduce block reward and coin supply. BECAUSE PRICE GOES DOWN. Smiley
Price goes down because where is no any real value in this coins, you can't buy anything real for this coins.
Block reduction mean only what miners (only one type of people who make decision put some recourse in this coin)  will have much less reason to do it.
Without miners no one (except you who hold this numbers in wallets an waiting 'the MOON') will be interested in higher prices.

it's not all about miners...
sr. member
Activity: 336
Merit: 254
CoinMine.pw

It's hilarious what anyone want reduce block reward and coin supply. BECAUSE PRICE GOES DOWN. Smiley
Price goes down because where is no any real value in this coins, you can't buy anything real for this coins.
Block reduction mean only what miners (only one type of people who make decision put some recourse in this coin)  will have much less reason to do it.
Without miners no one (except you who hold this numbers in wallets an waiting 'the MOON') will be interested in higher prices.
legendary
Activity: 1330
Merit: 1000
No one would loose any coins,i'm no tech expert but i presume there would be a hard fork with the wallet release,correct me if i am wrong ofc Tongue


Yes, it would hard fork at a certain block #

hard fork it when new wallet is available. this coin will make a history!!!
full member
Activity: 206
Merit: 100
---------------     IMPORTANT     ---------------

I spoke with the Dev around 30 mins ago regarding the reduction of PoW coins, and he basically said that the decision to do so would be left with the community, so it is up to us whether he goes ahead or not.

DEV:
Quote
I'm open to anything, but can't think about that now, too much anon work to do - if the community agree's to reduce POW them I will do

MY VOTE:

Reduce PoW Blocks to about 10M coins (Remaining coins still need to 8-15 weeks mining until PoS) After 10 to 33 Just PoS.

The Dev is willing to do so if us, as a community, really wants this, but the decision must be taken before the wallet release.

I'm in as long as it means that I don't loose any of my coins.

NO coins would be lost, it will actually reduce the total # of POW blocks and switch directly to POS, the mining period would be drastically reduce to what ever block# is coded... I'd said maybe we could down to 10million max coins.... , and POS blocks will still eat some of those coins

that would be great!
legendary
Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
---------------     IMPORTANT     ---------------

I spoke with the Dev around 30 mins ago regarding the reduction of PoW coins, and he basically said that the decision to do so would be left with the community, so it is up to us whether he goes ahead or not.

DEV:
Quote
I'm open to anything, but can't think about that now, too much anon work to do - if the community agree's to reduce POW them I will do

MY VOTE:

Reduce PoW Blocks to about 10M coins (Remaining coins still need to 8-15 weeks mining until PoS) After 10 to 33 Just PoS.

The Dev is willing to do so if us, as a community, really wants this, but the decision must be taken before the wallet release.

I'm in as long as it means that I don't loose any of my coins.

guys i don't mean to burst your bubble but the post looks like a fake

DEV
Quote
anyone can make this quote and say dev has said it
taner is legit, it's true
full member
Activity: 238
Merit: 100
No one would loose any coins,i'm no tech expert but i presume there would be a hard fork with the wallet release,correct me if i am wrong ofc Tongue
Hardfork is always problem for network stability.  Forks, disabled trading, pools on wrong forks wastes hashpower.

I doubt very much this would be an issue as long as the exchanges and pools are all notified in time and everything is handled correctly
legendary
Activity: 1610
Merit: 1008
Forget-about-it
sounds great, and hardforks happen, it causes a temp delay but we are professionals by now.  we can manage a little hardfork Wink

also stooge above me, atcsecure posted replies to those quotes so...
hero member
Activity: 686
Merit: 500
sr. member
Activity: 336
Merit: 254
CoinMine.pw
No one would loose any coins,i'm no tech expert but i presume there would be a hard fork with the wallet release,correct me if i am wrong ofc Tongue
Hardfork is always problem for network stability.  Forks, disabled trading, pools on wrong forks wastes hashpower.
sr. member
Activity: 280
Merit: 250
---------------     IMPORTANT     ---------------

I spoke with the Dev around 30 mins ago regarding the reduction of PoW coins, and he basically said that the decision to do so would be left with the community, so it is up to us whether he goes ahead or not.

DEV:
Quote
I'm open to anything, but can't think about that now, too much anon work to do - if the community agree's to reduce POW them I will do

MY VOTE:

Reduce PoW Blocks to about 10M coins (Remaining coins still need to 8-15 weeks mining until PoS) After 10 to 33 Just PoS.

The Dev is willing to do so if us, as a community, really wants this, but the decision must be taken before the wallet release.

how about start a vote on this?

that's mean more pos coin? more green, you do not waster you GPU card to mine this, you just need to open you wallet.

it is better!

agree reduction !
legendary
Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
7 would be awesome but 10 is still sweet, thank you!!!
legendary
Activity: 1470
Merit: 1000
cryptocollectorsclub.com
---------------     IMPORTANT     ---------------

I spoke with the Dev around 30 mins ago regarding the reduction of PoW coins, and he basically said that the decision to do so would be left with the community, so it is up to us whether he goes ahead or not.

DEV:
Quote
I'm open to anything, but can't think about that now, too much anon work to do - if the community agree's to reduce POW them I will do

MY VOTE:

Reduce PoW Blocks to about 10M coins (Remaining coins still need to 8-15 weeks mining until PoS) After 10 to 33 Just PoS.

The Dev is willing to do so if us, as a community, really wants this, but the decision must be taken before the wallet release.

DO IT  FUCKING DO IT!!!


WE ARE WITH YOU!!!!!!!!!!!!!!

+1 lol....
legendary
Activity: 1708
Merit: 1049
Do it... the scarcer it is the better.
hero member
Activity: 756
Merit: 500
No one would loose any coins,i'm no tech expert but i presume there would be a hard fork with the wallet release,correct me if i am wrong ofc Tongue


Yes, it would hard fork at a certain block #
hero member
Activity: 756
Merit: 500
---------------     IMPORTANT     ---------------

I spoke with the Dev around 30 mins ago regarding the reduction of PoW coins, and he basically said that the decision to do so would be left with the community, so it is up to us whether he goes ahead or not.

DEV:
Quote
I'm open to anything, but can't think about that now, too much anon work to do - if the community agree's to reduce POW them I will do

MY VOTE:

Reduce PoW Blocks to about 10M coins (Remaining coins still need to 8-15 weeks mining until PoS) After 10 to 33 Just PoS.

The Dev is willing to do so if us, as a community, really wants this, but the decision must be taken before the wallet release.

I'm in as long as it means that I don't loose any of my coins.

NO coins would be lost, it will actually reduce the total # of POW blocks and switch directly to POS, the mining period would be drastically reduce to what ever block# is coded... I'd said maybe we could down to 10million max coins.... , and POS blocks will still eat some of those coins
full member
Activity: 238
Merit: 100
No one would loose any coins,i'm no tech expert but i presume there would be a hard fork with the wallet release,correct me if i am wrong ofc Tongue
legendary
Activity: 1148
Merit: 1000
---------------     IMPORTANT     ---------------

I spoke with the Dev around 30 mins ago regarding the reduction of PoW coins, and he basically said that the decision to do so would be left with the community, so it is up to us whether he goes ahead or not.

DEV:
Quote
I'm open to anything, but can't think about that now, too much anon work to do - if the community agree's to reduce POW them I will do

MY VOTE:

Reduce PoW Blocks to about 10M coins (Remaining coins still need to 8-15 weeks mining until PoS) After 10 to 33 Just PoS.

The Dev is willing to do so if us, as a community, really wants this, but the decision must be taken before the wallet release.

I'm in as long as it means that I don't loose any of my coins.

No one lose any coins.

agree with this.
sr. member
Activity: 686
Merit: 250
---------------     IMPORTANT     ---------------

I spoke with the Dev around 30 mins ago regarding the reduction of PoW coins, and he basically said that the decision to do so would be left with the community, so it is up to us whether he goes ahead or not.

DEV:
Quote
I'm open to anything, but can't think about that now, too much anon work to do - if the community agree's to reduce POW them I will do

MY VOTE:

Reduce PoW Blocks to about 10M coins (Remaining coins still need to 8-15 weeks mining until PoS) After 10 to 33 Just PoS.

The Dev is willing to do so if us, as a community, really wants this, but the decision must be taken before the wallet release.

I'm in as long as it means that I don't loose any of my coins.

No one lose any coins.
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