Topic: ★★★ PandaCoin [PND] ★★★ New devs, old community ★ 100,000 PND burned every day - page 15. (Read 42758 times)

Let me add: I believe we are putting the cart before the horse, for until we know who is behind this PND revival, and the entire, yes ENTIRE story, none of the rest of this matters. You start at the foundation, not with ways to potentially enrich those who took us for all we were worth before. We obviously did not know the whole story then, either, until it was too late. If what we are trying to do is to have any chance, it must be the most understood, simple, and TRANSPARENT venture in the HISTORY of the CryptoCoin Industry. The more we know, the farther we'll go. Knowledge is power. Let us be the shining example to all other coins. How about that, for a change? We have a lot of bad reputation and karma to overcome. Truth is the only thing that might begin the long journey back to what we used to be so excited about. Otherwise, we are doomed: Fool me once, shame on YOU. Fool me twice, shame on ME.

Unless we are going to stay with PND, maybe CredCoin, TrustCoin, and it might even be to our advantage to admit that we used to be PND. Like, CredCoin (formerly PND).....and stay with a "turning over a new leaf" theme, if that's possible. Remember, Bitcoin is thriving on a foundation of shit, so why can't we shovel ours out and begin again? Well, we can, IF we become more trustworthy than any other coin. I wish that could be our mantra, First and foremost. Maybe I'm full of it. Here's some more name ideas: HopeCoin, TransparoCoin, TransparentCoin, LongevityCoin, ClearCoin, TrustMust, NewStart, MorphCoin, RevCoin, SureCoin, ReliantCoin, AssureCoin, IntegriCoin, SolidCoin.......now, it's your turn. Thanks very much. And then again, maybe you can't breathe life into a dead horse.

Your idea has merit, but let me just say: I do not think a coin should be linked to any kind of gambling. For a lot of countries, that is totally illegal. And, if we want to hit the big time, we need to be accepted all over the world for everything under the sun that is legal, has credibility, is widely used, etc. Gambling is just too fraught with regulations, the gaming industry, big money, droves of lawyers, etc. Not knocking you at all. It takes this type of brainstorming to get places, though. Thanks.

I know guys that cant resist a coin flip. During the holidays company gives out 25 USD gift cards for local market and several guys start flipping coins for cards. Dice, roulette wheel, coin flip. All could get people buying panda to play and get panda moving.

What could actually be a nice thing to promote would be a Panda gambling site. Lets say it has like Dice, BJ and maybe a few other games. The kicker would be that the Bankroll is owned either by the dev team or made by a community donation.
The bankroll would never be touched (meaning noone could withdraw from it unless you win from the site). So if the player looses it would stay there till someone wins. This means an estimated 1-2% of the wagered would effectively be "burned". It would in theory help to reduce the coins in circulation a bit. Maybe not even let it stake to further decrease the coins added by year ?
HE could be a bit over the 1% we got as standard now, maybe 2% ? Maybe add some other perks to it also to increase player amount.

Just an idea, not sure what people would think bout it.

@cat2 All very good ideas, I like them. 

Maybe you could list them all out and post on the new coin's Pre-ANN thread here?

https://bitcointalksearch.org/topic/pre-ann-coin-launch-on-bitcoin-block-halving-date-1256741

A wallet with a gambling tab would be fun. Panda dice between wallets with user defined settings for how many rolls, stop if gain/loss greater than, etc. with small percentage for devs.
A decentralized exchange built into the wallet would be cool. Display offers for exchange with amount and other coins address?

A wallet with a crypto coin and stock ticker might give people a reason to keep their wallet open and staking. A tab displaying list of a users holdings with user definable sites to get quotes from would be cool.  This list could drive what is on the ticker. Dare I say it? Ads in the ticker to help support the devs? Count my crypto site is an example of something close to this. If a user could disable display of ticker, why would anyone object.

A tab with stats like where your wallet ranks overall. Any encouragement for people to buy PND and try to be in the top 100? Perhaps reward the top 100 with a new coin (baby pandas) that can only be obtained in this manner. 

I'm a PandaCoin believer as well. I have always liked the look and feel of the wallet and the old website. I got started mining panda on the old website or had the illusion of mining panda. I hope the new panda retains the look and feel of the old. I like cute animals. I like the 72 hours until it starts staking and the daily payouts from staking. It makes me feel good to have the PandaCoins arrive in my wallet a few times every day. I hope any new strategy doesn't make the wait too long. It would be nice if the new coin was POS and POW. Why not make everybody happy. Multiple asic resistant algos and a screensaver miner would be great for new users and old users like me. I like mining bytecoin on minergate as an example of an easy cpu minable coin that I enjoy accumulating. A screensaver miner that only mined when my computer wasn't in use would be better. I have to start and stop the minergate software constantly to keep my computer running smoothly. A wallet that would automatically back up the wallet.dat file with user defined from, to, frequency and start time would be convenient too. Looking forward to panda 2.0.

Facts are the great antidote to the poison of enthusiasm and superstition. Thanks for that, PhiPhi. Donacid, he was a keeper, too. You have hit the nail on the head yet again, PhiPhi, with your post. If we want another shot, it has to be a CLEAN shot and no bullshit behind a curtain like The Wizard of Oz, so we don't get cornholed yet again. No thank YOU. Been there done that. We must do it right, or FUCKING NOT AT ALL.

Jommy99 thanks for the updated block chain links, not much has changes at the top addresses though  .  I think you must be the most steadfast Panda I have ever had the pleasure to meet (in the virtual sense) and I admire you for that sir.

To be honest I wish somebody would just launch a clean start PND 2.0 with parallel POS/POW so we could get back to the fun we used to have with the PND community. I actually met up with donacid in Bangkok a couple of weeks ago it was a blast 

I think many of us are still Pandacoin believers including myself but for me I suspect it is a reincarnated Pandacoin on a higher plane.

Yes of course demand can be a driver of price but what is driving the demand, we had spirit and attitude by the bucket load but that didn't help.  How do swaps, help the sheer weight of some of these toxic wallets that will just crush the small investor or enthusiast?

To paraphase Adam Smith:
 Facts are the great antidote to the poison of enthusiasm and superstition.


So let's deal with the facts plenty of time to deal with 'spirit and attitude' after the real problems are addressed.

Edited for punctuation and spelling.

Well you, Jommy99 and PhiPhi, are two of the most trusted PND'ers I recall. If I've left anyone out, please forgive me. But you TWO really stand out as people I can and will believe in.

I continue to be a Pandacoin believer myself, and continue to accumulate more PND slowly while trying to help. I try to give away my stake interest various ways to introduce new people to crypto and or Pandacoin slowly.  I find it fun to keep an eye on Pandacoin here https://chainz.cryptoid.info/pnd/#network-geo-tab  watching new countries slowly being added to the list of PandaBanks and wallets active on the Pandacoin network as well as our current distribution https://chainz.cryptoid.info/explorer/bubble.dws?coin=pnd

Nice seeing some that have not been around in a while touching base and helping brainstorm

Too many hypotheticals here. You think we can influence the whales to do just what we want by trying to be reasonable? PhiPhi's stats have pretty much exposed the threat and difficulty we are up against. That's a lotta food for thought if you want to make this work somehow. This whole enterprise, just like any other involving money, alt coins and speculation runs on one fuel only: greed. Just hoping or assuming anything different just won't fly. Nobody here knows who anybody really is. What would make you think the old dev's and scammers have left and aren't just manipulating everything again? All you ever hear from the New Development Team is the same old line: "We're new. We're working hard. We won't close any threads...." So what? It's all opaque. Developers and Leaders, unmask yourselves! Let's see some bios. Let's see some references. Otherwise, why try a new coin, a split coin, or "whatever coin" in the dark? You need to grow some heavy duty credibility of which I see none.

I wrote this line back when things were good and very promising. It's found its way to this forum: "Ask not what your coin & developers can do for you. Ask what you can do for your coin & developers." - Pelgoran98 ~ I'm honored that it's still being used. But, in light of all that has transpired since I first wrote that, I have to take a different view of things, which seems quite obvious. I'd love to have that rosy outlook return when it is warranted.

Demand can drive prices higher, but problems are this , there are too many that have too many Panda coins that keep dumping.
A current example , place a buy for Pandacoin on Bleutrade for 35 Litoshi , and no matter how much litecoins you put up, someone dumps and wipes out the buy wall there and that's at 35 litoshi. Got like 12 million Panda , before I ran out of LTC.
Plus another issue which should be looked at , the Panda coin minimum stake age is only 72 hours, so some guy has a billion panda and he can earn more interest every 72 hours , so of course he can dump at will. This also allows him to block out other stakers as there are only so many stakes per day.

A Proper Burn is fine , still personally think a reverse split is a better idea.
But the minimum stake age should also be made much higher so the poor are able to earn some staking interest.
Like 15 to 30 days for minimum stake age would be better.

Just my now 12 mil Panda cents.

 

From what I have for now watched from the dev team did not expect much. It takes very little work on the PND, rather than creating a new coin for which there is no need. Creating a new wallet, ios support would bring much more than this plan that you have presented so far.

Demand drives price up. I think with a new spirit and attitude after the swap begins and the dev proceeds with the developments, we will see a renewing of this coin and the price can easily go up.

The 10 satoshi for me is the minimum, it can go up much higher, many other altcoins went from 10 satoshi to 400 overnight, it just needs the demand thats all.

The last collapse caught some of the dumpers off guard so they have a ton of worthless PND to get rid of at any price additionally there are billions yes billions of PND in a very small proportion of wallets which have a high chance of belonging to the old dev team insiders.

So you target 10-15 satoshi, care to explain apart from an egregious pump what market fundamentals are going to drive the price up and keep it up?  The idea of a coin swap for a new coin isn't going to fly because once again the bad distribution and dumpster big holders are not to be trusted and they will have significant amounts of the new coin.

I'll be the first to admit I'm not that financially savvy about markets, I might easily of missed some reason why anybody should touch this rotting corpse that was once our beautiful PandaCoin PND so please feel free to enlighten me. 

I didnt said I will dump PND completely, I already explained that I will hold it longterm and cash out slowly after the price hits higher targets.

I target at least 10-15 satoshi and even then cash out at 10-15% chunks. Many people want to cashout at 2 satoshi, so we should convince them instead to hold until at least 10 satoshi.

Great to see you here too mate!

I hope the new dev team are on the level but with all those billions of coins out there with (most of them in a few hands) they should leave PND to rest in peace and focus on PND 2.0 otherwise as you rightly say "here we go again".