COINEXCHANGE.IO UPDATE
Coinexchange has resolved my issue with mooncoin withdrawal after about 2 months of waiting. The profit from the bubble was lost but at least I got the coin back.
The next price rise will come. That's the character of (stock) markets. Patience is the key.
Warren Buffett:
"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient."
http://www.azquotes.com/quote/877076Edit:
Maybe also interesting to read in that regard:
https://en.wikipedia.org/wiki/Stock_market_cyclesFrom there:
"Well known cycles include:
The lunar cycle Annual seasonality, also known as Sell in May or the Halloween indicator. As well as the January effect and July effect.
The four-year United States presidential election cycle in the US.
The 17.6 Year Stock Market Cycle
The 60 year Kondratiev cycles"
See the line in bold. That's why it is sad, that the block-reward for Mooncoin-miners has been altered by some here from the lunar cycle-based 29531 MOON ( see:
https://en.wikipedia.org/wiki/Lunar_phase ) to some other (decreasing) payout scheme.
From the original Mooncoin-ann-thread:
"Block rewards:
Blocks 1-100,000: 0-2,000,000 MOON
Blocks 100,001-200,000: 0-1,000,000 MOON
Blocks 200,001-250,000: 0-600,000 MOON
Blocks 250,001-300,000: 0-350,000 MOON
Blocks 300,001-350,000: 0-175,000 MOON
Blocks 350,001-375,000: 0-100,000 MOON
Blocks 375,001-384,400: 0-50,000 MOON
All future blocks are a fixed
29531 MOON."
There was no real need to alter that.
“... has been altered by some here “...by comunity.
But the legendary creator Deacoombogie disappeared. He is probably a professor of university mathematics? as you can guess from the old ANN by a few conversations ....
what does the mooncoin lunar landing Apollo 11 in July 2014 have to do with the lunar cycle?
Low inflation is a basic function until moon reaches the big markets
Just because some here in the thread and/or in closed communication would like to lower the payout, does not make it a community-backed decision. As allsnioc posted, this would need a real vote. So it is perfectly ok, saying it was altered by "some". Other "somes" may not even have been asked or don't follow the channels - at least not regularly. So it may be backed by a part of "the community", but it is certainly no democratic decision.
Anyway, the dev who coded this (barrysty1e) is gone now and in the light of this, those kind of changes in the code could be perceived by knowledgable investors as short-sighted hectic and desperate tries to drive the price up. This is not desirable for a serious, classic coin. If it was, then LTC or BTC would need to change their code immediately regarding the payouts, because this would drive the price for them, too.
deaconboogie set the coin up as Mooncoin, so he does not necessarily be a mathematics guru. But he chose the payout-scheme nicely in coherence to the name and the theme of this coin. So why would one alter that, if it means absolutely NO difference, whether 29531 MOON or 16000-something or even 10000 are paid out to the miners? With the amount of MOON already in circulation, this change really makes absolutely no difference. Regarding the Mooncoin lunar landing: Because it is Mooncoin, it makes sense. At least it is better marketing, than trying to "lock" coins by code, which is non-effective by design and furthermore creates censorship - see here:
https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power - excerpt:
"Probably the most likely scenario where this attack would be employed would be for a government to try to get control over Bitcoin by acquiring a majority of hashing power (either directly or by enforcing rules on private miners within its borders). Then this government could use the transaction-censorship power listed above to do things like:
Prevent any transactions spending "stolen" coins, effectively destroying those coins. If the coins clearly are stolen, then there is a risk that this action will be accepted by the Bitcoin community, but this would set a very damaging precedent. If it becomes possible for coins to be blacklisted in this way, then it is a slippery slope toward blacklisting of other "suspicious" coins.
Prevent all transactions from unknown people, so everyone has to register with the government in order to transact."
So trying to force Vassilis to "burn" the coins, he has received on his address, is exactly the same kind of the above methods. It will attract short-sighted investors (or better: speculators), that want the quick buck and they will keep coming back complaining, if the hot air of that measure - if any - is out of the coin again.
Mooncoin needs a stable and serious development, ironing-out of bugs and strong and friendly support of normal investors by a competent dev, as well as strong efforts to get it listed on further, bigger exchanges. Not a new soldier-of-fortune-feature or short-sighted-speculator-candy every day or week. That's all what it takes. If Mooncoin has achieved this, one could think about new features, if necessary. But first of all, serious investors need stability, honesty and a proven record of development. Everyone can write a white paper or a "roadmap", but developing a stable coin that becomes a "classic" or a "no-brainer" to invest in, needs much more than changing the block-reward or burning coins. Why not burn every coin except of 43, to become the brother of 42-coin? Why not do a swap and set the deadline to next week, so that the result is, that all earlier holders of MOON are out of the game? They would recognize months later, when they look again at their wallet, that their coins are useless then.
I hope you see, that all this is not the solution, but creates new problems that do not really help Mooncoin, but only makes a nice flash-in-the pan for pump-and-dumpers.
it seems like a back to the past then you , dear Coinflow disappeared for a year. I remember the struggles in MF to carry forward ideas and projects, many heads and struggles to do something. I voted to do! Yes my vote is egual to 1, but my real vote is to click the buy or sell button....I’m investor.
we have carried forward the demands of the market, just read Reddit about “..too generous inflation of Mooncoin “.
Today we have in being, smarlikes Idea (secret as I know), moonword etc close to the launch.
Regarding the scenario of a government attack, it seems unlikely to be against bitcoin and also against Mooncoin and altcoin (bitcoin = freedom , without a centralized third part and unstoppable)
Coming to us, nobody is forcing Vassilis, we stick to what lawyers will say.
Now community has decided to burn, right? my vote = 1 and your vote = 1. Read on reddit, on this ANN, on Telegram, Discord Channel..
We must avoid this scenario: Vassilis transfers Mooncoin stolen to the Fed Court —> auction — >big dump 62 Blns , panic sell , sharks , speculators, “ lamboboys in a week”, dump and pumps , super big wall in every books , not profitable coin , Moon long stagnation and probably dead...
Again, all investors want: a good team, active dev , wallets , mobile wallet , etc
What about a swap of only unspendible and rejected by our community stolen coins?
