★★★ PandaCoin [PND] ★★★ New devs, old community ★ 100,000 PND burned every day - page 13.

PandaCoinTeam

member

Activity: 84

Merit: 10

And finnaly, after two days delay, we burn first 100,000 Pandacoins

https://bchain.info/PND/addr/P8bB9yPr3vVByqfmM5KXftyGckAtAdu6f8

Burning address: P8bB9yPr3vVByqfmM5KXftyGckAtAdu6f8
Address hash: 0000000000000000000000000000000000000000
Amount burned: 100,000 PND
Transaction ID: 86be244904be68c9e5638894928559b1b066a87001e4d79f2e10579203fcfe03

Address generated by:
http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses

We will continue to burn 100,000 PND every day, for 10 days period, or longer

Pelgoran98

sr. member

Activity: 328

Merit: 250

It'd be nice.

Quote from: PandaCoinTeam on January 15, 2016, 09:37:30 AM

Quote from: Pelgoran98 on January 15, 2016, 09:03:28 AM

Quote from: PandaCoinTeam on January 15, 2016, 08:59:28 AM

Quote from: Pelgoran98 on January 15, 2016, 07:54:56 AM

Bitcoin has 'failed,' says one of its most prominent developers.... Extremely interesting

http://www.businessinsider.com/bitcoin-has-failed-says-developer-mike-hearn-xt-censorship-2016-1?r=UK&IR=T

"It has failed because the community has failed." - Mike says.

Its not true, community is bigger and bigger every day and there is
a lot of people who need to discover world of cryptocurrencies

One of the main problem is that bitcoin and blockchain technology is
a bit complicated for non-technical users, so they are sceptic about whole system.

Also, one of the problem for bitcoin growth is that you need internet connection to
process bitcoin transactions, and less than 40% of world population have internet access.
Many people from 3rd world countries dont have internet or have a very bad connection.

But good thing is that internet grow every day.
The number of internet users has increased tenfold from 1999 to 2013.

You have missed the point. The writer of the article isn't some nobody. He was one of the more prominent developers. Did you even read the article?!

Yes, I read article from start to end, and what I wrote is just my opinion what is one of
the main problems for bitcoin ecosystem.

Mike write about gov. censorship, mining centralisation, transactions in real-world usage... everything true,
but all that can be changed in the future...
Remember Bitcoin in their early stage? And look where Bitcoin is now after lot od development.

Bitcoin can fail one day, but that day is not soon, for sure.

This indeed makes sense. Thank you for clarifying. Your points are well taken. Thanks.

edmundduke

legendary

Activity: 1624

Merit: 1007

Quote from: Pelgoran98 on January 15, 2016, 09:03:28 AM

Quote from: PandaCoinTeam on January 15, 2016, 08:59:28 AM

Quote from: Pelgoran98 on January 15, 2016, 07:54:56 AM

Bitcoin has 'failed,' says one of its most prominent developers.... Extremely interesting

http://www.businessinsider.com/bitcoin-has-failed-says-developer-mike-hearn-xt-censorship-2016-1?r=UK&IR=T

"It has failed because the community has failed." - Mike says.

Its not true, community is bigger and bigger every day and there is
a lot of people who need to discover world of cryptocurrencies

One of the main problem is that bitcoin and blockchain technology is
a bit complicated for non-technical users, so they are sceptic about whole system.

Also, one of the problem for bitcoin growth is that you need internet connection to
process bitcoin transactions, and less than 40% of world population have internet access.
Many people from 3rd world countries dont have internet or have a very bad connection.

But good thing is that internet grow every day.
The number of internet users has increased tenfold from 1999 to 2013.

You have missed the point. The writer of the article isn't some nobody. He was one of the more prominent developers. Did you even read the article?!

The main point is that Mike made a proposal for Bitcoin XT. Then there was a vote to fork Bitcoin into Bitcoin XT, the community stepped up and did not support him (there were backdoors in scrypt, ability to blacklist addresses and more, making btc centralized). When he failed he got butthurt because the hit on his ego was too big. SO he left, nothing more nothing less.

Does BTC need some changes ? It sure does. But this has nothing to do with why he left, him leaving was a bruised ego.

Bitdonator

legendary

Activity: 1223

Merit: 1002

Bitcoin will not fail just because single person leaving it.

spydud22

full member

Activity: 149

Merit: 100

Quote from: Pelgoran98 on January 15, 2016, 09:03:28 AM

Quote from: PandaCoinTeam on January 15, 2016, 08:59:28 AM

Quote from: Pelgoran98 on January 15, 2016, 07:54:56 AM

Bitcoin has 'failed,' says one of its most prominent developers.... Extremely interesting

http://www.businessinsider.com/bitcoin-has-failed-says-developer-mike-hearn-xt-censorship-2016-1?r=UK&IR=T

"It has failed because the community has failed." - Mike says.

Its not true, community is bigger and bigger every day and there is
a lot of people who need to discover world of cryptocurrencies

One of the main problem is that bitcoin and blockchain technology is
a bit complicated for non-technical users, so they are sceptic about whole system.

Also, one of the problem for bitcoin growth is that you need internet connection to
process bitcoin transactions, and less than 40% of world population have internet access.
Many people from 3rd world countries dont have internet or have a very bad connection.

But good thing is that internet grow every day.
The number of internet users has increased tenfold from 1999 to 2013.

You have missed the point. The writer of the article isn't some nobody. He was one of the more prominent developers. Did you even read the article?!

You have to keep in mind. Bitcoin, in its entirety, is only 6 and some change years old. It is still very new.

PandaCoinTeam

member

Activity: 84

Merit: 10

Quote from: Pelgoran98 on January 15, 2016, 09:03:28 AM

Quote from: PandaCoinTeam on January 15, 2016, 08:59:28 AM

Quote from: Pelgoran98 on January 15, 2016, 07:54:56 AM

Bitcoin has 'failed,' says one of its most prominent developers.... Extremely interesting

http://www.businessinsider.com/bitcoin-has-failed-says-developer-mike-hearn-xt-censorship-2016-1?r=UK&IR=T

"It has failed because the community has failed." - Mike says.

Its not true, community is bigger and bigger every day and there is
a lot of people who need to discover world of cryptocurrencies

One of the main problem is that bitcoin and blockchain technology is
a bit complicated for non-technical users, so they are sceptic about whole system.

Also, one of the problem for bitcoin growth is that you need internet connection to
process bitcoin transactions, and less than 40% of world population have internet access.
Many people from 3rd world countries dont have internet or have a very bad connection.

But good thing is that internet grow every day.
The number of internet users has increased tenfold from 1999 to 2013.

You have missed the point. The writer of the article isn't some nobody. He was one of the more prominent developers. Did you even read the article?!

Yes, I read article from start to end, and what I wrote is just my opinion what is one of
the main problems for bitcoin ecosystem.

Mike write about gov. censorship, mining centralisation, transactions in real-world usage... everything true,
but all that can be changed in the future...
Remember Bitcoin in their early stage? And look where Bitcoin is now after lot od development.

Bitcoin can fail one day, but that day is not soon, for sure.

Pelgoran98

sr. member

Activity: 328

Merit: 250

It'd be nice.

Quote from: PandaCoinTeam on January 15, 2016, 08:59:28 AM

Quote from: Pelgoran98 on January 15, 2016, 07:54:56 AM

Bitcoin has 'failed,' says one of its most prominent developers.... Extremely interesting

http://www.businessinsider.com/bitcoin-has-failed-says-developer-mike-hearn-xt-censorship-2016-1?r=UK&IR=T

"It has failed because the community has failed." - Mike says.

Its not true, community is bigger and bigger every day and there is
a lot of people who need to discover world of cryptocurrencies

One of the main problem is that bitcoin and blockchain technology is
a bit complicated for non-technical users, so they are sceptic about whole system.

Also, one of the problem for bitcoin growth is that you need internet connection to
process bitcoin transactions, and less than 40% of world population have internet access.
Many people from 3rd world countries dont have internet or have a very bad connection.

But good thing is that internet grow every day.
The number of internet users has increased tenfold from 1999 to 2013.

You have missed the point. The writer of the article isn't some nobody. He was one of the more prominent developers. Did you even read the article?!

PandaCoinTeam

member

Activity: 84

Merit: 10

Quote from: Pelgoran98 on January 15, 2016, 07:54:56 AM

Bitcoin has 'failed,' says one of its most prominent developers.... Extremely interesting

http://www.businessinsider.com/bitcoin-has-failed-says-developer-mike-hearn-xt-censorship-2016-1?r=UK&IR=T

"It has failed because the community has failed." - Mike says.

Its not true, community is bigger and bigger every day and there is
a lot of people who need to discover world of cryptocurrencies

One of the main problem is that bitcoin and blockchain technology is
a bit complicated for non-technical users, so they are sceptic about whole system.

Also, one of the problem for bitcoin growth is that you need internet connection to
process bitcoin transactions, and less than 40% of world population have internet access.
Many people from 3rd world countries dont have internet or have a very bad connection.

But good thing is that internet grow every day.
The number of internet users has increased tenfold from 1999 to 2013.

PandaCoinTeam

member

Activity: 84

Merit: 10

Quote from: edmundduke on January 14, 2016, 11:10:40 AM

Quote from: Bitdonator on January 14, 2016, 10:09:53 AM

Quote from: PandaCoinTeam on January 14, 2016, 09:35:07 AM

Quote from: edmundduke on January 14, 2016, 09:22:48 AM

Quote from: PandaCoinTeam on January 14, 2016, 09:09:14 AM

A lot of trading activity in a past few days... things warming up again.

We are going to celebrate that and burn some Pandas latter today.

Lock your seatbelt, everything ready for liftoff... Cheesy

Today!? What's coming today, would love some news about what is happening. Could be a good time to get some more if something is really happening already. Looking at it right now seems the volume for today is low but never know when someone takes a shot at the 1 sat wall again.

Yes, today

We are going to burn 1,000,000 PND to cut total coin supply...
not too much, but enough to make a little test.

Good idea, but it may be better idea to burn 10k - 100k Pandacoins every day,
than burning 1M only once. So coin supply will drop every day a little,
and grab more attentions to users.

Ah ok. Does this mean that there have been steps going on for the new coin also ? Or just testing the burning mechanic to ensure all is working as you wanted ? 1mil is a good amount to start with as a test. But as Bitdonator sayd, maybe it is better to do 10x100k tests?

It's just a test, so we can see how burning affect PND price, trading volume and other parameters,
This is not begining of swap, since new coin is not yet finished.

Right, it's better to burn smaller ammounts every day than all at once, and we will burn Pandas
in that way. So 100,000 PND going to be turned to ash every day, for 10 days or maybe longer

Pelgoran98

sr. member

Activity: 328

Merit: 250

It'd be nice.

Bitcoin has 'failed,' says one of its most prominent developers.... Extremely interesting

http://www.businessinsider.com/bitcoin-has-failed-says-developer-mike-hearn-xt-censorship-2016-1?r=UK&IR=T

VDechand

sr. member

Activity: 358

Merit: 250

Hello guys i have a question

what can i make with my 3mil. PND? Cool

waiting for the big hype train? Cheesy

edmundduke

legendary

Activity: 1624

Merit: 1007

Quote from: Bitdonator on January 14, 2016, 10:09:53 AM

Quote from: PandaCoinTeam on January 14, 2016, 09:35:07 AM

Quote from: edmundduke on January 14, 2016, 09:22:48 AM

Quote from: PandaCoinTeam on January 14, 2016, 09:09:14 AM

A lot of trading activity in a past few days... things warming up again.

We are going to celebrate that and burn some Pandas latter today.

Lock your seatbelt, everything ready for liftoff... Cheesy

Today!? What's coming today, would love some news about what is happening. Could be a good time to get some more if something is really happening already. Looking at it right now seems the volume for today is low but never know when someone takes a shot at the 1 sat wall again.

Yes, today

We are going to burn 1,000,000 PND to cut total coin supply...
not too much, but enough to make a little test.

Good idea, but it may be better idea to burn 10k - 100k Pandacoins every day,
than burning 1M only once. So coin supply will drop every day a little,
and grab more attentions to users.

Ah ok. Does this mean that there have been steps going on for the new coin also ? Or just testing the burning mechanic to ensure all is working as you wanted ? 1mil is a good amount to start with as a test. But as Bitdonator sayd, maybe it is better to do 10x100k tests?

Bitdonator

legendary

Activity: 1223

Merit: 1002

Quote from: PandaCoinTeam on January 14, 2016, 09:35:07 AM

Quote from: edmundduke on January 14, 2016, 09:22:48 AM

Quote from: PandaCoinTeam on January 14, 2016, 09:09:14 AM

A lot of trading activity in a past few days... things warming up again.

We are going to celebrate that and burn some Pandas latter today.

Lock your seatbelt, everything ready for liftoff... Cheesy

Today!? What's coming today, would love some news about what is happening. Could be a good time to get some more if something is really happening already. Looking at it right now seems the volume for today is low but never know when someone takes a shot at the 1 sat wall again.

Yes, today

We are going to burn 1,000,000 PND to cut total coin supply...
not too much, but enough to make a little test.

Good idea, but it may be better idea to burn 10k - 100k Pandacoins every day,
than burning 1M only once. So coin supply will drop every day a little,
and grab more attentions to users.

PandaCoinTeam

member

Activity: 84

Merit: 10

Quote from: edmundduke on January 14, 2016, 09:22:48 AM

Quote from: PandaCoinTeam on January 14, 2016, 09:09:14 AM

A lot of trading activity in a past few days... things warming up again.

We are going to celebrate that and burn some Pandas latter today.

Lock your seatbelt, everything ready for liftoff... Cheesy

Today!? What's coming today, would love some news about what is happening. Could be a good time to get some more if something is really happening already. Looking at it right now seems the volume for today is low but never know when someone takes a shot at the 1 sat wall again.

Yes, today

We are going to burn 1,000,000 PND to cut total coin supply...
not too much, but enough to make a little test.

edmundduke

legendary

Activity: 1624

Merit: 1007

Quote from: PandaCoinTeam on January 14, 2016, 09:09:14 AM

A lot of trading activity in a past few days... things warming up again.

We are going to celebrate that and burn some Pandas latter today.

Lock your seatbelt, everything ready for liftoff... Cheesy

Today!? What's coming today, would love some news about what is happening. Could be a good time to get some more if something is really happening already. Looking at it right now seems the volume for today is low but never know when someone takes a shot at the 1 sat wall again.

PandaCoinTeam

member

Activity: 84

Merit: 10

A lot of trading activity in a past few days... things warming up again.

We are going to celebrate that and burn some Pandas latter today.

Lock your seatbelt, everything ready for liftoff... Cheesy

edmundduke

legendary

Activity: 1624

Merit: 1007

Quote from: BurstIncomeAsset on January 12, 2016, 08:14:37 PM

Quote from: edmundduke on January 12, 2016, 06:16:46 PM

There was quite a lot of action on PND today. More than 0.6 BTC volume (its a lot for panda since it has been around 0.01 for the longest time). Looks like someone big is interested in gathering up some PND before the launch of the new coin. This is excellent news! This might be the push we needed.

Yep it's going up, now we need to push it to 10-20 satoshi and we will get many interested traders soon trading it actively.

Then we can get it to Bitrex, and it will go to the moon from there!

The first step is to get off from the 1 Sat sell wall. It is pretty big, unless it goes there is pretty much no chance for it to go up. I would love it to be on the 10-20 sat range but it seems way too high. Even getting it to 3-4 Sats seems like a big task.
First of all we need some news from the "team" on what is coming etc.

BurstIncomeAsset

hero member

Activity: 504

Merit: 512

Quote from: edmundduke on January 12, 2016, 06:16:46 PM

There was quite a lot of action on PND today. More than 0.6 BTC volume (its a lot for panda since it has been around 0.01 for the longest time). Looks like someone big is interested in gathering up some PND before the launch of the new coin. This is excellent news! This might be the push we needed.

Yep it's going up, now we need to push it to 10-20 satoshi and we will get many interested traders soon trading it actively.

Then we can get it to Bitrex, and it will go to the moon from there!

edmundduke

legendary

Activity: 1624

Merit: 1007

There was quite a lot of action on PND today. More than 0.6 BTC volume (its a lot for panda since it has been around 0.01 for the longest time). Looks like someone big is interested in gathering up some PND before the launch of the new coin. This is excellent news! This might be the push we needed.

Topknotbam

legendary

Activity: 1938

Merit: 1014

many connections in your wallet. The network is alive. We hope for the movement of trading on the exchanges. I believe in you Pandacoin Cheesy

Topic: ★★★ PandaCoin [PND] ★★★ New devs, old community ★ 100,000 PND burned every day - page 13. (Read 42797 times)