Topic: [MOON] Mooncoin 🌙 move to a new thread - page 162. (Read 317746 times)

Wanted to jump in here and also voice my support for the (comparitively) high MOON supply. Besides all the advantages already clarified by Mooncoin_Foundation, polemarhos888, giantkin, mebagger and others, there's a few other points to consider:

- BTC in all likelihood will end up being worth tens of thousands if not hundreds of thousands of dollars in the near future. For those of us holding MOON, you'll notice with the recent jumps in the past few months that even smaller amounts of holdings are worth substantially more now. This will be compounded into much easier to work with numbers in the future if/when BTC is worth much more. For example, we're already working with many small decimal place transactions with BTC in day to day purchases and trades. With MOON, even though the numbers are quite large now, it will be quite a few decimal places smaller down the road. Easier to adopt for the masses.

- Whenever the supply of MOON comes up it's like people are forgetting that the 385 billion number is the TOTAL potential supply. What is *currently* out there is some 120 odd billion MOON and it's becoming harder and harder to obtain through mining. I think someone on here calculated that the max supply would take some 15,000 years to totally become available, besides the fact that 80ish billion are frozen on the blockchain forever.

The point is, if you look at the plans and projects that are in the works for MOON you'll realize that a bigger average supply of coin is ideal for mass adoption. It may not seem like it now while we don't currently have any real world use other than just being a crypto and our market value hanging around at 1 satoshi, but please understand that we're set up nicely for what MOON will become. :-)

Does Smb knows, whether this team has experience?

Not sure why there are people complaining about the number of coins. Unlike dogecoin which tons of coins and inflation to infinity and beyond, Mooncoin is a deflationary coin like bitcoin. Much like bitcoin there are many people out there that own mooncoin and don't understand what they have. Anyone selling mooncoin for less than 3 or 5 Doge to a Moon falls into this category. They are the same people that sold all their bitcoin for 50 cents a piece or just lost them. Below is a general estimate of Mooncoin's inflation rate.

3.00%   2018
2.36%   2019
1.94%   2020
1.65%   2021
1.42%   2022
1.25%   2023
1.12%   2024
1.01%   2025
0.92%   2026
0.84%   2027
0.78%   2028   
0.72%   2029

Good afternoon again. I agree about the reduction of mining reward. I have suggested the adoption of Masternodes too. These measures in combination with a good promotion will change the situation very fast...

The only thing about supply which can be implemented in the new release is reducing of mining rewards.
The community discussed inflation and mining rewards after this message:
https://bitcointalksearch.org/topic/m.18478598
The consensus was to reduce block rewards.
Currently it's INT(19697202017/(INT(nHeight/100000)*100000)) 17906 MOON per block atm.
If blocks are fast (90 s) there will be 515 million MOON, produced by miners every month (till next halving).
The dev of Mooncoin (barrysty1e) was advised to reduce block rewards, according to the consensus of the community.
In my opinion the rewards can be reduced now to let MOON rise, currently due to the rise of BTC, MOON is below 1 Satoshi, which is not good psychologically.
Reducing of mining rewards could help decrease mining pressure and help MOON enter the BTC markets again.
However, as you understand, it's not me who decides that. You may want to try to convince the Mooncoin dev to implement this feature in the release.

Mooncoin is decentralised. It's just not possible to change the supply significantly,
it's like to say let's reduce the number of letters in alphabet.
You can announce your own alphabet with reduced number of letters, but people will continue using the established one.

The big supply in fact is the strategic long term advantage of MOON, it shows it's built with tomorrow in mind, enough coins for people,
also that's needed technically for functioning of MoonWord and SmartLikes. You are able to send a lot of coins in one transaction and to encode some info in the quantity of transaction. E.g. you cannot send 123456.87654321 BTC,  but you easily can send 123456.87654321 MOON in one transaction to encode some info in this quantity using the MoonWord programming language http://mooncoin.com/moonword.html. Other coins with low supply are not able to implement this feature.

Re: 'Mooncoin is dead, no progress...'
The Mooncoin network hashrate now is 20-30 times higher than a year ago.

Totally untrue.  i just got involved.  had no bearing, its not even very much of a total amount.

whats the reasoning behind saying that? makes no sense to me.   

Unless you have alot of coins, and are hoping the total is cut alot, making your coins instantly more valuable.  (thats the only reason for anyone to say this)

    the coin number is established.  leave it be.

I was confident moon coin would not rise high or not go to moon (moon coin  ) because the number of total Supply moon coin Does not give the feeling of comfort for investors


 

The sky is falling, the sky is falling.

 

Good afternoon. What do you mean ?

Wow, well I quit mining moon in 2014, and it doesn't appear to have improved. 

That said, I did notice that it is one of the most profitable coins to mine today on Coinwarz

Ha, good to see you're back. I was not trying to discredit you. I know you also need to support yourself. As I said, I've been in similar situations where I tried to get things done quickly - and thought I would be able to do so - but then ended up taking way longer than needed because I had to earn a living and do other stuff. So I just want you to set reasonable deadlines - or none at all - so people don't get excited for nothing and then start dumping their coins if nothing happens.

We were not able to find a qt-developer but Alex had offered his help as an extra C developer. And I myself, offered to help out building a wallet in Electron. That offer still stands. I quit my progress when Mooncoin seemed to go nowhere. But if there's technical progress, I can finally resume my works as well.

You all are scam, someone is collecting LTC on all markets.
Thanks DEV .
Are you dumping Moon to create your ShoeCoin project  ?

totalement d accord avec toi l ami!

We have to reduce the supply by , at least, 10 times, 385 billion is very high
bye

Hello from France

The concept of Mooncoin is at a major turning point. Closer to the precipice, than a long road.

In the realm of dogs, it is not good to be a cat.

What "barrysty1e" does, is good.
but that will not be enough.

  We have to go back to fundamentals, and reduce the money supply in circulation (Mooncoin), to match the market.
To have an enviable place in this Dog Kingdom, you have to be a Wolf.
In conclusion:

Disappear, or get adapted to it !!!

I am not a technician in crytomoney, I offer you my philosophy.

Michel

Good morning. Well, Barry announced the good news. The truth is that I would prefer this announcement sooner. Anyway, the new wallet and new algo are very ipmortant !  

umm.. hi guys?

i need to support myself too,
for some time now i've managed the entirety of the codebase by myself,
i'd managed most of the support for all side-branches of moon including the utilities,
i supported moon comfortably before the big interest spike in crypto earlier this year (yes, we did exist beforehand),
i had asked people to look and ask around about a qt-developer due to the time-consuming nature of modifying/designing qt interfaces,
at the point where i said i needed to step away (again, to put food on the table), some members were kind enough to set up a fund to help out.

even then; other people were quick to point out that it was just a cash-grab for myself (i did appreciate it littlestan, organised and gave selflessly - top bloke, big, evangelo  and to everyone i havent mentioned from the discord).
other than that; i've had constant messages of all sorts of tone on the bitcointalk forums, i've had people message my phone all hours of the day, people calling me, people emailling me - i've even had a few determined users find me on facebook.
some time back it was suggested that i simply split a cut into the coinbase reward; however i feel this isn't the right thing to do, as good code will attract further funding by happenstance.

most people don't realise that i also support the moonrush pool; as well as the two main nodes out of my own pocket (this does get covered, however i have to pay it upfront).

however to end on a positive note (and the reason i logged on here today); was to announce i've uploaded the codebase to github.
i'll also have a compile done later on today.
additionally - a copy of the cpuminer, with source is available too.

i'd ask that the more tech-savvy users give it a go first; and report and potential gotchas.

https://github.com/mooncoindev/mooncoin-0.13
https://github.com/mooncoindev/cpuminer-balloon

as we approach block 1,165,000 (the point where the hardfork will occur); i will release the pool modules for nomp/unomp/stratum-mining.

james

Come on man, just be honest with us. I know stress and pressure can cause you to name deadlines that you know you won't deliver. I've done the same stuff in the past.

You've gave us a lot of dates in the past, about when to expect new stuff. And you never delivered. We even build a support development team around you, but that went downhill fairly soon, as you disappeared for a long time. Just be straight up with us and say "well guys, it looks like I'm almost ready but I can't set any dates yet.". Now, everyone expects a release, just to see nothing happening - AGAIN. Causing a lot of investors to lose trust.

Honesty is key in making this succeed!

I see some very committed individuals here, I really want this coin to do well.

Let us take the opportunity to invest in this great project. In addition to a promising and necessary branch in the new times, the Team is committed to take us very far with