[NLG] The great Gulden thread - page 22.

Dirkeeee

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Quote from: RichPissman on August 01, 2018, 12:56:03 AM

Quote from: Spooly on July 31, 2018, 07:00:26 PM

The thing is, is just a matter of time until Gulden gets really huge and noticeable, even without the marketing, mouth-to-mouth word spread fast, so buying now while is cheap is a great option, it's so obvious that Gulden will sky rocket again at some point in time, all you have to do is buy and be patient, that's literally all it takes to profit 50x+

People have been saying that for over 4 years now, want to wait another four? Sure I can wait as well, but think about this. Gulden indeed has produced great innovation. Other coins can now adopt that innovation and use their massive marketing budget to get way in front of Gulden again.

Look at Tesla, great innovative car, first serious player on the market, no marketing. Company has never produced any profit though and has huge debts. Stock is rapidly dropping.

Why? Volkswagen, BMW and Audi are taking over the market before Musk has figured out how to get production to a scale he can make a profit. By the time he is in over his head in Billions of debt and has his production in place, no one is going to buy them anymore because others have adopted his innovation and done production and marketing well.

Time to act is NOW!

Yesterday on the digibyte telegram group they talked about witnessing, if Jared implements this for digibyte it will take the world by storm with the marketing power he has. He might also mention Gulden developed it and that might help the Gulden price a bit while digibyte becomes a top 10 coin off the backs of the Gulden developers.

RichPissman

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Activity: 339

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New Cryptoworld Order

Quote from: Spooly on July 31, 2018, 07:00:26 PM

The thing is, is just a matter of time until Gulden gets really huge and noticeable, even without the marketing, mouth-to-mouth word spread fast, so buying now while is cheap is a great option, it's so obvious that Gulden will sky rocket again at some point in time, all you have to do is buy and be patient, that's literally all it takes to profit 50x+

People have been saying that for over 4 years now, want to wait another four? Sure I can wait as well, but think about this. Gulden indeed has produced great innovation. Other coins can now adopt that innovation and use their massive marketing budget to get way in front of Gulden again.

Look at Tesla, great innovative car, first serious player on the market, no marketing. Company has never produced any profit though and has huge debts. Stock is rapidly dropping.

Why? Volkswagen, BMW and Audi are taking over the market before Musk has figured out how to get production to a scale he can make a profit. By the time he is in over his head in Billions of debt and has his production in place, no one is going to buy them anymore because others have adopted his innovation and done production and marketing well.

Time to act is NOW!

Spooly

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Activity: 135

Merit: 11

The thing is, is just a matter of time until Gulden gets really huge and noticeable, even without the marketing, mouth-to-mouth word spread fast, so buying now while is cheap is a great option, it's so obvious that Gulden will sky rocket again at some point in time, all you have to do is buy and be patient, that's literally all it takes to profit 50x+

RichPissman

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Activity: 339

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New Cryptoworld Order

Quote from: FornaxNLG on July 31, 2018, 12:42:20 PM

Quote from: RichPissman on July 31, 2018, 03:49:02 AM

... which leaves G 5,760 for the rest of the smaller accounts.
So if Gulden get's to be popular with people and let's say 10,000 accounts get into a 3 year witness program with G 20,000 each.
Every account gets a daily interest of G 0.576. That's G 210.24 a year.

So if witness gets successful, it will result in an average yearly interest of 1.1%!

That calculation is slightly off.

Better?

FornaxNLG

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Activity: 39

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Quote from: RichPissman on July 31, 2018, 03:49:02 AM

... which leaves G 5,760 for the rest of the smaller accounts.
So if Gulden get's to be popular with people and let's say 10,000 accounts get into a 3 year witness program with G 20,000 each.
Every account gets a daily interest of G 0.576. That's G 210.24 a year.

So if witness gets successful, it will result in an average yearly interest of 0.011%!

That calculation is slightly off.

CryptoObserver

member

Activity: 91

Merit: 12

Quote from: RichPissman on July 31, 2018, 11:24:11 AM

Quote from: metare on July 31, 2018, 10:56:16 AM

RichGhandi we both agree about marketing being necessary but invisible atm.
My statement was about the fears that so many might lock funds that the interest rate is crap. In case that most of the long time followers already locked their funds intended to witness and probably won't just lock tons more while the price rate is dropping.
So the fear of 50% of the whole volume being locked includes extraordinary marketing or am I missing something.

No, you are right. My example was hypothetical. Still, already with current amounts locked in witness a vast decline in expected rates is visible. If Gulden gets more attraction that will only get worse. On the other hand, prices will raise indeed. But that is also why I think people stuck in witness for 3 years already now might get very frustrated knowing they are looking at a possession and not being able to access it.

Let's say you have bought 100k Gulden @ 5ct, an investment of € 5,000. You put it in witness for 3 years. Then after a year a huge pump comes in. All of a sudden your investment is worth € 100,000! Unfortunately you can't access it. Then the pump goes over and your investment drops to € 10,000. That's when you realize, you could have gotten an interest of € 90,000 and still keep your Gulden. If only you haden't put it in witness.

I can't argue with the above, another reason that they not marketing the update is so the whales can get as much as possible with less competition. That could be the other angle?

I would suggest keeping money out of crypto altogether, wait for bitcoin to drop to under $3000 and Gulden to 500 sat then buy up 1% of the supply with ease.

RichPissman

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New Cryptoworld Order

Quote from: metare on July 31, 2018, 10:56:16 AM

RichGhandi we both agree about marketing being necessary but invisible atm.
My statement was about the fears that so many might lock funds that the interest rate is crap. In case that most of the long time followers already locked their funds intended to witness and probably won't just lock tons more while the price rate is dropping.
So the fear of 50% of the whole volume being locked includes extraordinary marketing or am I missing something.

No, you are right. My example was hypothetical. Still, already with current amounts locked in witness a vast decline in expected rates is visible. If Gulden gets more attraction that will only get worse. On the other hand, prices will raise indeed. But that is also why I think people stuck in witness for 3 years already now might get very frustrated knowing they are looking at a possession and not being able to access it.

Let's say you have bought 100k Gulden @ 5ct, an investment of € 5,000. You put it in witness for 3 years. Then after a year a huge pump comes in. All of a sudden your investment is worth € 100,000! Unfortunately you can't access it. Then the pump goes over and your investment drops to € 10,000. That's when you realize, you could have gotten an interest of € 90,000 and still keep your Gulden. If only you haden't put it in witness.

metare

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Activity: 93

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RichGhandi we both agree about marketing being necessary but invisible atm.
My statement was about the fears that so many might lock funds that the interest rate is crap. In case that most of the long time followers already locked their funds intended to witness and probably won't just lock tons more while the price rate is dropping.
So the fear of 50% of the whole volume being locked includes extraordinary marketing or am I missing something.

RichPissman

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Activity: 339

Merit: 10

New Cryptoworld Order

Quote from: CryptoObserver on July 31, 2018, 09:53:53 AM

Quote from: metare on July 31, 2018, 05:44:01 AM

Quote from: RichPissman on July 31, 2018, 04:38:05 AM

Quote from: BioMike on July 31, 2018, 04:33:26 AM

Quote from: RichPissman on July 31, 2018, 03:49:02 AM

So if witness gets successful, it will result in an average yearly interest of 0.011%! By the time those 3 years have past banks will probably be giving 0.5% again already.

I think you can even better interests (about 1% for 5 years, guaranteed) at saving depositos already, no need to wait 3 years for banks to increase their savings interest.

Sure, one would made now 7%, but that could easily change over time. And like you said, if witnessing becomes more popular be sure that the interest goes down.

For the ones who don't get it:

If your friend brings a bag of 10 candy balls to school each day and shares it with only you, you each get 5 balls
Then 3 others join his friends club and we all end up with 2 balls each.
He suddenly becomes popular that way and next day he has 5 more friends. How many balls does everyone get now?
Yep, only one each.

Same with witnessing.

There's a thinking mistake here, you don't get those rewards for free you need to lock funds. This drives the demand up, which makes it more expensive to lock new funds. It also means that the incentive to lock gets lower. Some won't bother if the interest is below 3% with a max lock duration and like this the amount of locked Gulden will find a balance. I don't know where this will be but only an idiot would lock 20k NLG he bought for 20k€ for 3 years with an interest rate of 0.1%.
My point: idiots normally don't have 20k€ at hand. And your scenario involves 50% of supply locked.

The demand will only continue to go down unless fresh meat is introduced to Gulden and the benefits of witnessing, if your earning witness funds what is the incentive to buy more off the exchanges? Buy orders and fiat and sat prices continue it's decline since witnessing started.

Quote from: RichPissman on July 30, 2018, 04:16:31 AM

The Guldens that have gone into witness were already off the market before, because those who are witnessing now have been saving up especially for that.

This also means they have been spending their money buying up Gulden toward the moment witnessing was possible. Now it's Holliday season and they finally can stop buying Gulden and start spending it on beer and burgers again.

This means demand dropped, but supply (all be it 20% less) stays the same from miners.

Do the math.

Dare I add the forbidden M-word?

You can have the best damn Hotdog-stand in the World, if you chose to put it in the middle of the dessert, chances are you are going to sell very few. I'd rather have a lesser quality Hotdog, but sell them at the exit of central station.

CryptoObserver

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Quote from: metare on July 31, 2018, 05:44:01 AM

Quote from: RichPissman on July 31, 2018, 04:38:05 AM

Quote from: BioMike on July 31, 2018, 04:33:26 AM

Quote from: RichPissman on July 31, 2018, 03:49:02 AM

So if witness gets successful, it will result in an average yearly interest of 0.011%! By the time those 3 years have past banks will probably be giving 0.5% again already.

I think you can even better interests (about 1% for 5 years, guaranteed) at saving depositos already, no need to wait 3 years for banks to increase their savings interest.

Sure, one would made now 7%, but that could easily change over time. And like you said, if witnessing becomes more popular be sure that the interest goes down.

For the ones who don't get it:

If your friend brings a bag of 10 candy balls to school each day and shares it with only you, you each get 5 balls
Then 3 others join his friends club and we all end up with 2 balls each.
He suddenly becomes popular that way and next day he has 5 more friends. How many balls does everyone get now?
Yep, only one each.

Same with witnessing.

There's a thinking mistake here, you don't get those rewards for free you need to lock funds. This drives the demand up, which makes it more expensive to lock new funds. It also means that the incentive to lock gets lower. Some won't bother if the interest is below 3% with a max lock duration and like this the amount of locked Gulden will find a balance. I don't know where this will be but only an idiot would lock 20k NLG he bought for 20k€ for 3 years with an interest rate of 0.1%.
My point: idiots normally don't have 20k€ at hand. And your scenario involves 50% of supply locked.

The demand will only continue to go down unless fresh meat is introduced to Gulden and the benefits of witnessing, if your earning witness funds what is the incentive to buy more off the exchanges? Buy orders and fiat and sat prices continue it's decline since witnessing started.

metare

jr. member

Activity: 93

Merit: 3

Of course long term locking is a big risk but this also means that if we end up with 20% of the funds locked for an average of let's say 1.5 years that signals a lot of trust into the downward stability of the coin. If got this right this would still get all witness funds to a neutral level (interest rate=inflationary rate) which is still more than you can get of a casual bank deal.

BioMike

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Activity: 1658

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Quote from: metare on July 31, 2018, 05:44:01 AM

Quote from: RichPissman on July 31, 2018, 04:38:05 AM

Quote from: BioMike on July 31, 2018, 04:33:26 AM

Quote from: RichPissman on July 31, 2018, 03:49:02 AM

So if witness gets successful, it will result in an average yearly interest of 0.011%! By the time those 3 years have past banks will probably be giving 0.5% again already.

I think you can even better interests (about 1% for 5 years, guaranteed) at saving depositos already, no need to wait 3 years for banks to increase their savings interest.

Sure, one would made now 7%, but that could easily change over time. And like you said, if witnessing becomes more popular be sure that the interest goes down.

For the ones who don't get it:

If your friend brings a bag of 10 candy balls to school each day and shares it with only you, you each get 5 balls
Then 3 others join his friends club and we all end up with 2 balls each.
He suddenly becomes popular that way and next day he has 5 more friends. How many balls does everyone get now?
Yep, only one each.

Same with witnessing.

There's a thinking mistake here, you don't get those rewards for free you need to lock funds. This drives the demand up, which makes it more expensive to lock new funds. It also means that the incentive to lock gets lower. Some won't bother if the interest is below 3% with a max lock duration and like this the amount of locked Gulden will find a balance. I don't know where this will be but only an idiot would lock 20k NLG he bought for 20k€ for 3 years with an interest rate of 0.1%.
My point: idiots normally don't have 20k€ at hand. And your scenario involves 50% of supply locked.

I agree things need to balance out, but the long term locking is a big risk that currently gives no guarantee of being very profitable. It all depends on the percentage, not on market price (which is also uncertain by itself and three years is long-term in terms of market (and coin) development, a lot could happen in that time).

metare

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Activity: 93

Merit: 3

Quote from: RichPissman on July 31, 2018, 04:38:05 AM

Quote from: BioMike on July 31, 2018, 04:33:26 AM

Quote from: RichPissman on July 31, 2018, 03:49:02 AM

So if witness gets successful, it will result in an average yearly interest of 0.011%! By the time those 3 years have past banks will probably be giving 0.5% again already.

I think you can even better interests (about 1% for 5 years, guaranteed) at saving depositos already, no need to wait 3 years for banks to increase their savings interest.

Sure, one would made now 7%, but that could easily change over time. And like you said, if witnessing becomes more popular be sure that the interest goes down.

For the ones who don't get it:

If your friend brings a bag of 10 candy balls to school each day and shares it with only you, you each get 5 balls
Then 3 others join his friends club and we all end up with 2 balls each.
He suddenly becomes popular that way and next day he has 5 more friends. How many balls does everyone get now?
Yep, only one each.

Same with witnessing.

There's a thinking mistake here, you don't get those rewards for free you need to lock funds. This drives the demand up, which makes it more expensive to lock new funds. It also means that the incentive to lock gets lower. Some won't bother if the interest is below 3% with a max lock duration and like this the amount of locked Gulden will find a balance. I don't know where this will be but only an idiot would lock 20k NLG he bought for 20k€ for 3 years with an interest rate of 0.1%.
My point: idiots normally don't have 20k€ at hand. And your scenario involves 50% of supply locked.

RichPissman

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Activity: 339

Merit: 10

New Cryptoworld Order

Quote from: BioMike on July 31, 2018, 04:33:26 AM

Quote from: RichPissman on July 31, 2018, 03:49:02 AM

So if witness gets successful, it will result in an average yearly interest of 0.011%! By the time those 3 years have past banks will probably be giving 0.5% again already.

I think you can even better interests (about 1% for 5 years, guaranteed) at saving depositos already, no need to wait 3 years for banks to increase their savings interest.

Sure, one would made now 7%, but that could easily change over time. And like you said, if witnessing becomes more popular be sure that the interest goes down.

For the ones who don't get it:

If your friend brings a bag of 10 candy balls to school each day and shares it with only you, you each get 5 balls
Then 3 others join his friends club and we all end up with 2 balls each.
He suddenly becomes popular that way and next day he has 5 more friends. How many balls does everyone get now?
Yep, only one each.

Same with witnessing.

BioMike

legendary

Activity: 1658

Merit: 1001

Quote from: RichPissman on July 31, 2018, 03:49:02 AM

So if witness gets successful, it will result in an average yearly interest of 0.011%! By the time those 3 years have past banks will probably be giving 0.5% again already.

I think you can even better interests (about 1% for 5 years, guaranteed) at saving depositos already, no need to wait 3 years for banks to increase their savings interest.

Sure, one would made now 7%, but that could easily change over time. And like you said, if witnessing becomes more popular be sure that the interest goes down.

Morbs

jr. member

Activity: 270

Merit: 6

Quote from: SuperOrca on July 30, 2018, 08:16:39 AM

Quote from: Sugaman on July 30, 2018, 08:03:07 AM

Quote from: RichPissman on July 30, 2018, 07:55:31 AM

Quote from: RichPissman on July 30, 2018, 07:29:42 AM

I'm trying to get all the pieces together from the premine. However, wayback machine isn't working on the older premine pages.. Can some of you guide me towards the some information. Im working on an article.

https://bitcointalk.org/index.php?topic=554412.msg13276752;topicseen#msg13276752

Aaargh! I've been looking for that post as well! TNX!

Ok, traced it back to the motherload:

http://www.guldenchain.com/address/GgtaZuo1zKYXhitiLgw5fWjeEXr3JpHvU3

That should be your best starting point.

This would be the most promising chain:

http://www.guldenchain.com/address/GRMkjsTanendgQCNRGTpNusH118m3TtmfL

This was the motherload. The 170M newly generated coins. Do your thing now Sherlock Grin

http://www.guldenchain.com/address/GMSTZS2HQ34NKVszPhyjZYrwjCCb5aRqmo

Henis

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Quote from: RichPissman on July 31, 2018, 04:05:47 AM

Quote from: Henis on July 31, 2018, 04:02:15 AM

Quote from: RichPissman on July 31, 2018, 03:49:02 AM

The more witness accounts come into place the less revenue it will bring to the majority.

There is only one constant and that's the daily supply of Gulden to come into circulation, namely G 57,600. 20% of that goes to the witness accounts, so that's G 11,520.

Some 100 Whales get roughly half of that, which leaves G 5,760 for the rest of the smaller accounts. So if Gulden get's to be popular with people and let's say 10,000 accounts get into a 3 year witness program with G 20,000 each. Every account gets a daily interest of G 0.576. That's G 210.24 a year.

So if witness gets successful, it will result in an average yearly interest of 0.011%! By the time those 3 years have past banks will probably be giving 0.5% again already.

So for the people that have locked their funds in witness already, lets hope witness doesn't become successful!

Is this a good time to be a whale if I want to invest €20000 or should I wait for the price to drop more while purchasing coins slowly.

It's always better to buy in small chunks, no trader ever got wiser by doing market-buys. I don't see Gulden going up rapidly any time soon.

Current price is a fair price to me, a little lower would be nice too.

RichPissman

member

Activity: 339

Merit: 10

New Cryptoworld Order

Quote from: Henis on July 31, 2018, 04:02:15 AM

Quote from: RichPissman on July 31, 2018, 03:49:02 AM

The more witness accounts come into place the less revenue it will bring to the majority.

There is only one constant and that's the daily supply of Gulden to come into circulation, namely G 57,600. 20% of that goes to the witness accounts, so that's G 11,520.

Some 100 Whales get roughly half of that, which leaves G 5,760 for the rest of the smaller accounts. So if Gulden get's to be popular with people and let's say 10,000 accounts get into a 3 year witness program with G 20,000 each. Every account gets a daily interest of G 0.576. That's G 210.24 a year.

So if witness gets successful, it will result in an average yearly interest of 0.011%! By the time those 3 years have past banks will probably be giving 0.5% again already.

So for the people that have locked their funds in witness already, lets hope witness doesn't become successful!

Is this a good time to be a whale if I want to invest €20000 or should I wait for the price to drop more while purchasing coins slowly.

It's always better to buy in small chunks, no trader ever got wiser by doing market-buys. I don't see Gulden going up rapidly any time soon.

Henis

newbie

Activity: 51

Merit: 0

Quote from: RichPissman on July 31, 2018, 03:49:02 AM

The more witness accounts come into place the less revenue it will bring to the majority.

There is only one constant and that's the daily supply of Gulden to come into circulation, namely G 57,600. 20% of that goes to the witness accounts, so that's G 11,520.

Some 100 Whales get roughly half of that, which leaves G 5,760 for the rest of the smaller accounts. So if Gulden get's to be popular with people and let's say 10,000 accounts get into a 3 year witness program with G 20,000 each. Every account gets a daily interest of G 0.576. That's G 210.24 a year.

So if witness gets successful, it will result in an average yearly interest of 0.011%! By the time those 3 years have past banks will probably be giving 0.5% again already.

So for the people that have locked their funds in witness already, lets hope witness doesn't become successful!

Is this a good time to be a whale if I want to invest €20000 or should I wait for the price to drop more while purchasing coins slowly.
It's about 400 000 NLG, I already have 25000 in a witness and another +11000 that is free.

RichPissman

member

Activity: 339

Merit: 10

New Cryptoworld Order

The more witness accounts come into place the less revenue it will bring to the majority.

There is only one constant and that's the daily supply of Gulden to come into circulation, namely G 57,600. 20% of that goes to the witness accounts, so that's G 11,520.

Some 100 Whales get roughly half of that, which leaves G 5,760 for the rest of the smaller accounts. So if Gulden get's to be popular with people and let's say 10,000 accounts get into a 3 year witness program with G 20,000 each. Every account gets a daily interest of G 0.576. That's G 210.24 a year.

So if witness gets successful, it will result in an average yearly interest of 0.011%! By the time those 3 years have past banks will probably be giving 0.5% again already.

So for the people that have locked their funds in witness already, lets hope witness doesn't become successful!

Topic: [NLG] The great Gulden thread - page 22. (Read 14205 times)