One more question...
When is Coinshield planning to get the show on the road (meaning destroy it's first shitcoin)?
Topic: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come - page 273. (Read 785514 times)
February 17, 2015, 04:26:43 PM
February 17, 2015, 03:53:32 PM
Thanks a lot for the reply Tokyopotato. What happens if only a tiny amount of coins get turned in? Let's say coinshield holders vote to destroy a shitcoin with 100 million coins and then coinshield members turn in 1 million coins in exchange for the coinshield coins. If those 1 millions shitcoins were subsequently dumped onto the shitcoin buy walls, it would lower the price... but not by much, and it certainly wouldn't kill the coin. What happens then?
Well, the goal is to drive the price down as low as possible, and give people a way to get some money out of the scam/clone coins. The first handful of people to send coins in will actually profit. The trade-in algorithm looks at exchange prices and determines an exchange rate. Once the value of the scam/clone coin drops very low, the exchange rate will simply not be as good. At that point, the value of the coin will be so low that it won't matter if 99 million coins are still out there. They will be 99 million coins of worthlessness.
So, once the coin begins to dump, anyone foolish enough to buy the price back up will be essentially making it profitable to do the trade-in again.
This is a good question, and one that Videlicet or KryptoKash might be able to answer better.
Don't get me wrong, I bought some shield coins so I am not FUDDING by any means, just seeking answers. In fact I read about 30 pages of this thread and I have to say the dev is one of the most impressive devs I have ever seen.
Looking forward to the white paper for this coin
Looking forward to the white paper for this coin
The white-paper is ~35 pages. I don't know the ETA for when Viz will release it publicly.
I've reviewed almost all of it and I think it is ready for public consumption. I have not found any faults with it other than a typo, as it's written very professionally. Releasing it publicly will help to answer many questions and also give Videlicet more feedback on it. I would expect there will be revisions to it down the road as the project progresses.
February 17, 2015, 03:43:19 PM
We've got a CoinShield Tip-Bot up!
#CoinShield Freenode IRC is coming to life!
https://kiwiirc.com/client/irc.freenode.net/coinshield/
#CoinShield Freenode IRC is coming to life!
https://kiwiirc.com/client/irc.freenode.net/coinshield/
February 17, 2015, 03:37:03 PM
Thanks a lot for the reply Tokyopotato. What happens if only a tiny amount of coins get turned in? Let's say coinshield holders vote to destroy a shitcoin with 100 million coins and then coinshield members turn in 1 million coins in exchange for the coinshield coins. If those 1 millions shitcoins were subsequently dumped onto the shitcoin buy walls, it would lower the price... but not by much, and it certainly wouldn't kill the coin. What happens then?
Don't get me wrong, I bought some shield coins so I am not FUDDING by any means, just seeking answers. In fact I read about 30 pages of this thread and I have to say the dev is one of the most impressive devs I have ever seen.
Looking forward to the white paper for this coin
Don't get me wrong, I bought some shield coins so I am not FUDDING by any means, just seeking answers. In fact I read about 30 pages of this thread and I have to say the dev is one of the most impressive devs I have ever seen.
Looking forward to the white paper for this coin
February 17, 2015, 02:50:58 PM
I love the idea of this coin. 2 questions:
1. Once a shitcoin is voted to be destroyed by coinshield, what happens if not enough of said shitcoin is donated to the coinshield project? In other words, how can we crash a coin if only a tiny amount of that coin is donated by coinshield members?
2. If a coin gets wind that they are about to be destroyed by coinshield, wouldn't holders begin selling their coins before coinshield, which means of course that by the time coinshield tries to crash the coin, the price will already be so low that there will not be many BTC to be absorbed by coinshield.
1. Once a shitcoin is voted to be destroyed by coinshield, what happens if not enough of said shitcoin is donated to the coinshield project? In other words, how can we crash a coin if only a tiny amount of that coin is donated by coinshield members?
2. If a coin gets wind that they are about to be destroyed by coinshield, wouldn't holders begin selling their coins before coinshield, which means of course that by the time coinshield tries to crash the coin, the price will already be so low that there will not be many BTC to be absorbed by coinshield.
1. Once a coin is deemed scam/clone and has been voted to be destroyed, the first people to send coins get the most trade-in value of CSD. So, at that point, once scam/clone coin investors realize there is nothing they can do, they might as well trade-in all their coins or dump them
2. So, then CoinShield has accomplished it's goal of destroying the scam/clone coin - effectively reducing the impact that scam/clone coins have in the market and giving CoinShield a victory
Furthermore, the trade-in channel is only one feature of CoinShield that will be implemented. Most questions that people have are answered in detail in the white-paper which is being reviewed by myself and approx. 5 other community members right now. When this is released, you will then understand the complete and long-term goals of CoinShield.
February 17, 2015, 01:37:13 PM
I am certain that the dev has put time and thought into these question so I am really anxious to hear what the solutions are. Those two questions are the only things keeping me from investing. Thank you in advance!
February 17, 2015, 01:05:14 PM
You just make sure the bagholders see more value in CSD than BTC they make by selling the shitcoins.
February 17, 2015, 12:46:19 PM
I love the idea of this coin. 2 questions:
1. Once a shitcoin is voted to be destroyed by coinshield, what happens if not enough of said shitcoin is donated to the coinshield project? In other words, how can we crash a coin if only a tiny amount of that coin is donated by coinshield members?
2. If a coin gets wind that they are about to be destroyed by coinshield, wouldn't holders begin selling their coins before coinshield, which means of course that by the time coinshield tries to crash the coin, the price will already be so low that there will not be many BTC to be absorbed by coinshield.
Thank you!! (And my apologies if these questions were asked before as they almost certainly were)
1. Once a shitcoin is voted to be destroyed by coinshield, what happens if not enough of said shitcoin is donated to the coinshield project? In other words, how can we crash a coin if only a tiny amount of that coin is donated by coinshield members?
2. If a coin gets wind that they are about to be destroyed by coinshield, wouldn't holders begin selling their coins before coinshield, which means of course that by the time coinshield tries to crash the coin, the price will already be so low that there will not be many BTC to be absorbed by coinshield.
Thank you!! (And my apologies if these questions were asked before as they almost certainly were)
February 17, 2015, 12:05:44 PM
Mining became 2x more hard 
Community grows, dumpers have less coins to dump
Community grows, dumpers have less coins to dump
Now its only for the professionals.
February 17, 2015, 11:58:32 AM
Mining became 2x more hard
Community grows, dumpers have less coins to dump
Community grows, dumpers have less coins to dump
February 17, 2015, 01:55:22 AM
I remember one of coin in this forum, make a bounty for placing banner in blog/website. That's purpose for adoption.
High demands at market ?? Sure.
Can we act like that ??
High demands at market ?? Sure.
Can we act like that ??
One of many things we can do to promote CSD, KK has a marketing plan
Thank You,
Viz.
let us know what we can do to help!
we will give everyone a week notice as to when we will begin our marketing efforts.
Oooh marketing efforts
I want to thank Viz and KryptoKash for giving some of the community members the opportunity to proof-read the white-paper and provide feedback... this whitepaper and the CSD protocol has gotten me excited about cryptocurrency again...
I think the Bitcoin and cryptocurrency community will be very surprised to see just how big CoinShield is in terms of technical, social, and economic development.
February 17, 2015, 01:10:34 AM
I remember one of coin in this forum, make a bounty for placing banner in blog/website. That's purpose for adoption.
High demands at market ?? Sure.
Can we act like that ??
High demands at market ?? Sure.
Can we act like that ??
One of many things we can do to promote CSD, KK has a marketing plan
Thank You,
Viz.
let us know what we can do to help!
we will give everyone a week notice as to when we will begin our marketing efforts.
February 17, 2015, 01:07:58 AM
I remember one of coin in this forum, make a bounty for placing banner in blog/website. That's purpose for adoption.
High demands at market ?? Sure.
Can we act like that ??
High demands at market ?? Sure.
Can we act like that ??
One of many things we can do to promote CSD, KK has a marketing plan
Thank You,
Viz.
let us know what we can do to help!
February 16, 2015, 11:17:15 AM
I remember one of coin in this forum, make a bounty for placing banner in blog/website. That's purpose for adoption.
High demands at market ?? Sure.
Can we act like that ??
High demands at market ?? Sure.
Can we act like that ??
One of many things we can do to promote CSD, KK has a marketing plan
Thank You,
Viz.
February 16, 2015, 06:53:33 AM
I remember one of coin in this forum, make a bounty for placing banner in blog/website. That's purpose for adoption.
High demands at market ?? Sure.
Can we act like that ??
High demands at market ?? Sure.
Can we act like that ??
February 16, 2015, 02:41:10 AM
Don't forget to join us in Freenode IRC #coinshield: https://kiwiirc.com/client/irc.freenode.net/coinshield/
February 16, 2015, 01:11:00 AM
KryptoKash,
I have a few recommendations
1) The translated pages (Chinese, Russian, Spanish, etc) should be updated with the latest information, specifically the mandatory updates and bumped in each forum. At least update the links and the versions.
Chinese: https://bitcointalksearch.org/topic/ann-coinshield-sk-1024-11-cpugpu-830061
Russian: https://bitcointalksearch.org/topic/ann-coinshield-sk-1024-816600
2) The title of all threads should be modified to include [CSD] so that someone searching for CSD will know right away they have found the correct cryptocurrency Bitcointalk thread
3) Invite some long-term community members to moderate and provide content on CoinShieldTalk.org
4) Build a stronger IRC presence and give highly trusted community members channel OP
Cheers
I have a few recommendations
1) The translated pages (Chinese, Russian, Spanish, etc) should be updated with the latest information, specifically the mandatory updates and bumped in each forum. At least update the links and the versions.
Chinese: https://bitcointalksearch.org/topic/ann-coinshield-sk-1024-11-cpugpu-830061
Russian: https://bitcointalksearch.org/topic/ann-coinshield-sk-1024-816600
2) The title of all threads should be modified to include [CSD] so that someone searching for CSD will know right away they have found the correct cryptocurrency Bitcointalk thread
3) Invite some long-term community members to moderate and provide content on CoinShieldTalk.org
4) Build a stronger IRC presence and give highly trusted community members channel OP
Cheers
Great recommendations. I will be sure that Krypto Kash sees these and implements.
Thank You,
Viz.
February 16, 2015, 12:46:58 AM
Block explorer updated to new site: http://coinshield.io/explorer/
February 16, 2015, 12:31:03 AM
KryptoKash,
I have a few recommendations
1) The translated pages (Chinese, Russian, Spanish, etc) should be updated with the latest information, specifically the mandatory updates and bumped in each forum. At least update the links and the versions.
Chinese: https://bitcointalksearch.org/topic/ann-coinshield-sk-1024-11-cpugpu-830061
Russian: https://bitcointalksearch.org/topic/ann-coinshield-sk-1024-816600
2) The title of all threads should be modified to include [CSD] so that someone searching for CSD will know right away they have found the correct cryptocurrency Bitcointalk thread
3) Invite some long-term community members to moderate and provide content on CoinShieldTalk.org
4) Build a stronger IRC presence and give highly trusted community members channel OP
Cheers
I have a few recommendations
1) The translated pages (Chinese, Russian, Spanish, etc) should be updated with the latest information, specifically the mandatory updates and bumped in each forum. At least update the links and the versions.
Chinese: https://bitcointalksearch.org/topic/ann-coinshield-sk-1024-11-cpugpu-830061
Russian: https://bitcointalksearch.org/topic/ann-coinshield-sk-1024-816600
2) The title of all threads should be modified to include [CSD] so that someone searching for CSD will know right away they have found the correct cryptocurrency Bitcointalk thread
3) Invite some long-term community members to moderate and provide content on CoinShieldTalk.org
4) Build a stronger IRC presence and give highly trusted community members channel OP
Cheers
February 16, 2015, 12:18:27 AM
Its good to see this coin doing well
Growing every day
Thank You,
Viz.
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