I'm sure nothing is being worked on. Awhile ago we started talking about point of sale for the coin and all I heard was crickets from anybody in the development team.
I've seen nothing of note for awhile other than the algorithm switch.
The drop in price was from 2 large selloffs on Cryptsy about a day apart. Probably some people who logged on to sell off coins and withdraw after reading the recent stuff about Cryptsy.Exactly this....
If anyone needs proof of this, look at the orderbook for POT on cryptsy and compare it to the other exchanges. I haven't checked other coins in depth, but I bet its the same for any of the coins that are on 2 or all 3 of the exchanges.
The devs need to and should be more vocal, but its not just up to them. The community needs to shit or get off the pot. If your holding POT in the hopes that someone else will make you rich, good luck with that. We have plenty of talented people in this and other forums in all fields, programming, design, advertising/promo, etc. If you want the coin to succeed you need to do something to help it do so, if not, please sell your coins and move on or at the least, shut the hell up.
The other issue I see that is pervasive in the crypto community is the need for things to happen NOW. "We" gauge profitability for POW in terms of weeks or months versus years for other investments, this same mindset expects things to happen over night and for xyzcoin to go "to the moon" with no help from the community.
While I personally dislike the lack of proper grammar and full thoughts/sentences that is prevalent in the DOGE community, they are something to look to for what is needed for a coin to survive and potentially succeed. With the # of coins that DOGE has in circulation it should be priced at less than 1 satoshi by now, but the community is rabid and somehow keeps the price way above what I or an analyst would say its worth.
If anyone here is interested, I am working out the logistics of a "supernet" for weed coins. Its currently on the drawing board, meaning I am still on the design stage, any help or suggestions would be welcome. My thinking is that if instead of being passive and bitchy about any one coin or screaming that POT rules while DOPE drools, etc, if we come together we can do more to promote adoption of crypto in general and the weed coins by the weed shops in particular.
And this is, again, although perhaps well-intentioned, simply demagogic, absurdly complacent and full of mendacity. The Cryptsy issue may have have an influence in the price drop of late.... but POT's price has been dropping for months now from the 700s to the 200s now so the Cryptsy excuse is, again, absurd and disingenuous. At best.
As for the "culture of the NOW". this is crypto and people is patient only up to the point in which they see that the team in charge is openly straddling from the path they themselves designed and advertised (as in the OP). There's no card, there's no massive promotion -there's none-, there's nothing of what they themselves designed and said it would be in full enforcement right now. And none of it iruth is that they have also run out of resources to implement their own ideas, even the freaking cards tech or code. So what's the supporter, the "community" to do? related, so there's no communication because they have run out of excuses long ago. So what's the supporter, the "community" to do? Contrary to your opinion and wishful thinking, nothing. ZERO. Because if the community were to do anything meaningful do you know who would be the MAIN beneficiary? That's right, POTLABS. The one that deserves less any support, much less success.
And no, people should be quite critical of this lack of follow thru in their or his own timeline. There's no excuse for that. And he/they need to be exposed and, if possible, substituted. This is a GREAT IDEA. And should be a great investment directed by the proper people and with a modicum of resources to made it at least somewhat known what the project offers. Current leadership has proven to have a remarkable ignorance and lack of resources to implement their own plan. No if, no buts, no more demagogy, no more wishful thinking and no more lies, ok?
It is also total crap the "explanations" you have provided regarding the mining. Truth is that it is giving the equivalent of roughly 3% instead of the 5-6% promised. And that has nothing whatsoever ts a mistake in the code. One more. And it has nothing to do with the network weight or age... These rank amateurs are the gang that couldn't shoot straight. On anything.
As for your idea, call it what it is, not a "supernet" equivalent. The other cannabis coins are more or less exactly similar to POT. None brings anything distinctive to the table, therefore it would be a "grouping" or "consolidation" of several similar coins, not a "supernet". The Supernet is a group of coin projects each of which bring different and very distinct features to the supernet table ... again, nothing whatsoever to do with what you propose, which may or may not be positive or even viable, but it is definitely not anything that, on aggregate, bring any m ore customers, awareness or anything really, to the current scene.
00, that is.
Your defense of this project, as an investment, at this point s quite ridiculous. As ridiculous as the pretense that people who is losing considerable amount of money in this disaster will either get out -at a considerable loss- or "at least shut the fuck up". Ain't gonna happen... unless you are willing to buy my stash at 700, that is.
Oh, and just for you to know, your absurd defense and pseudo positiveness? It is a NEGATIVE altogether at this stage of the game. Because, in spite of your aforementioned "good intentions", after a couple of posts you just sound like a second hand car salesman.
Yes, the drop in POT has been pending for awhile, any 3year old can look at a chart at see that its now back testing its lows, but if you don't or can't see that people pulling funds out of cryptsys order book and selling off POT and other coins to cash out BTC contributed 90% to the price drop, your not worth conversing with.
As for what I termed "supernet" for lack of better wording. Do you have anything positive to say or contribute? Or are you just here to be an asshole and neg on anything and everything? If you don't think that bringing people together both devs and community will be a positive for adoption of crypto and weed coins in particular, I feel sorry for you and whoever you work with and for, you clearly have nothing worthwhile to bring to a team.
I am not defensive about this or any other project. What I am is optimistic and positive that crypto and niche coins like this one can and will succeed if people try. Think about it, this coin is named POTcoin, there isn't a better named coin among the weedcoins. Its simple and aptly named. The current devs made a smart move IMO to POSv2.0, locking in the inflation rate and giving people a reason and incentive to support the coin. Now we need a small bit of advertising and promo push to remind people the coin exists and that its not POSv. If you live in a state or country that is "weed friendly" do some evangelizing and talk to people about potcoin and crypto in general. Help get a dispensary setup to take crypto from customers, let them know that you have crypto to spend and would gladly do so if they took it. Get them setup with coinpayments to turn that potcoin into USD/EUR/etc if they need to.
The fact that you don't understand my explanation for why the current stake rate is what it is tells me everything. It is the coin age that determines how much is staked as interest in 2.0.
Because of the low difficulty, because of the low # of inputs trying to stake, everyone with a large enough input is staking very soon after the 720block or 8hour maturity window. The coin age accelerates over the first 2 weeks, if you stake soon after the 8hour window those inputs don't have enough time to gain age and with it an increased rate.
Tests by redrhino, myself and others here have proven that fact. It might be a mistake that laudney left out compensation for quick stake times, but that is understandable, he wasn't writing code for others, he was creating the code that he intended to rollout to a POS network that is much larger than POT is now and the stake rate wouldn't have been lower for RDD, it would have been spot on due its current size. Also as I have posted multiple times in multiple forums, laudney created POSv for Reddcoin he also coded it in such a way that it needs to be tailored to the coin its being integrated with, IE you can't simply copy/paste it and have it just work. In other words, while he did release it as open source, he didn't write the code for others, he wrote it specifically for RDD.
As I said in my "used car sales pitch". Its time for the crypto community as a whole to shit or get off the pot. Cryptos success or failure is all up to the community, its not going to magically succeed while everyone sits on their thumbs.
I apologize to myself and everyone for taking you off my ignore list and the waste of time and resources it caused. You are back on that list so don't bother responding unless you wish to waste your time.
I am so glad this guy has me on ignore because that way I won't feel too remorseful about exposing his stupid demagoggery... and Sarah Palin-esque examples. I mean, he just thinks the most stupid things and post them trying to convince himself that they can apply to defend his already established stupid points. Here's the latest of MANY examples:
-- The "General Mills" pseudo-analogy. This is POT, ok? Only 2 reasons for it's existence... three if you want to be really, really ambitious in your scope: 1.-To be able to buy pot with a crypto currency, gaining a discount and some "cost of living" appreciation. 2) Through that interest and growing adoption in consonance with the legalization/adoption of pot, to earn money/profits. And the stretched one: 3) to support and expand on the adoption of cryptocurrencies using POT as a short of Bitcoin for general acquisition purposes, again expecting adoption. There are no advantages in common use of POT against Bitcoin or ANY and all other 500+ alternatives, hence the "stretched" 3rd point. On with the "analogy"/Palinesque/mental diarrhea: A simple reading of the labels would show you the huge differences between all the products of General Mills, especially in ingredients. Number one. Number two, it doesn't have even remotely close o 50 such products, let alone 100. Number three: Each and every one of the product lines is not only market researched but targeted with surgical precision (and subsequent marketing campaigns worth millions of dollars), to address the demands of very specific and mostly different consumers: There are many -the vast majority- products that don't use cocoa. At all. But there are a few that are directed at the cocoa lovers, of course. A significant amount of their market. There are other which are directed to adults looking to improve their fiber intake, so wheat is the ingredient of choice. And fruit. The reduction or substitutions of sugars is another main concern. Color attract kids. As do figures... the list goes on, and on, and on... POT, on the other hand, is ONLY ONE PRODUCT: pot. Weed. cannabis, use any other name it's all the same, market-wise, alright? So a so-called "supernet" of weed/pot/cannabis coin would be a conglomerate -what a word for such menial purpose- of logos and wishful-thinkers pretending each and every one to take advantage of the rest by getting a valuation in the conglomerate above their current market value, nothing else. But it won't bring any new features -none is needed-, no advancements of any kind -not the purpose of these projects- nothing positive under ANY AND ALL possible perspective. And what it would bring instead, massively, is a lot more mental diarrhea from the demagogues and car salesmen on each of the projects. Hot air. Sarah Palin. Stupidity running amok.
-- For months -many- Potlabs have been writing about the transition to POSv. It doesn't work proper. It doesn't. I can't give less of a fuck if it is because you have to send coins to your wallet in batches of 5, 5,000 or 5 million. It should work. It is VERY EASY to code it to work. And it doesn't. Period. You get less the 3% interest. Do with it whatever the fuck you please.
-- More importantly, Ms. Palin, just not addressing the points don't work with me, alright? Potlabs posted in the OP a timeline. By now we should be having THE CARD, several promotions going, massive marketing... the works. Not only none of that has come to fruition, there's no more timeline. It's like, okay, you have the faulty code of the POSv implimentation -which I am just going to assume that has no security built-in whatsoever- and we are DONE. Up to you community now. You have to go and convince the dispensaries to accept a coin that if they don't convert immediately to fiat- at a higher than credit-card fees-, and I mean IMMEDIATELY, as in every second counts, it will FOR CERTAIN, be worth much less only a few hours later... take a look at the price "action" of the last several months... And you decide. But you guys can do it, come on, get up there and spell the beans, predicate the gospel of POT.
-- Finally (because this cannot be a bible, no matter how much raw material he provides), Ms Palin comes with another "brilliant" if not exactly innovative idea... mind you, he brands himself "a man of ideas": Lets do a faucet. Now that for sure would save this project... err... no, I am not going to indulge on unnecessary cruelty, no matter how forced it may be at this point. You all get the picture.
