[POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ - page 116.

Chronikka

hero member

Activity: 658

Merit: 504

Quote from: barabbas on October 10, 2015, 11:27:02 PM

As usual, besides being a FACT, the price is ALSO a SYMPTOM. It is by now very CLEAR that the ILLNESS is the clear lack of EXECUTION. Not to mention DIRECTION. In other words: POT is going nowhere... but down.

Remember the ROADMAP? OK, check it again here: http://www.potcoinjoint.com/forum/potcoin/press-news/3307-potcoin-development-roadmap

We have morons among us. A clusterfuck of them at that.

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.

barabbas

legendary

Activity: 1162

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Quote from: BitcoinNational on October 11, 2015, 12:58:12 AM

troll, fud ... see above ... great nom de plum btw

A hero member is expected to bring up something of substance when he posts. Sadly, you are an exception. Just a running mouth machine of nonsense...

BitcoinNational

legendary

Activity: 1470

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Join The Blockchain Revolution In Logistics

troll, fud ... see above ... great nom de plum btw

barabbas

legendary

Activity: 1162

Merit: 1000

As usual, besides being a FACT, the price is ALSO a SYMPTOM. It is by now very CLEAR that the ILLNESS is the clear lack of EXECUTION. Not to mention DIRECTION. In other words: POT is going nowhere... but down.

Remember the ROADMAP? OK, check it again here: http://www.potcoinjoint.com/forum/potcoin/press-news/3307-potcoin-development-roadmap

We have morons among us. A clusterfuck of them at that.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: PanneKopp on October 10, 2015, 01:16:57 PM

Quote from: rdyoung on October 08, 2015, 05:20:23 PM

Quote from: barabbas on October 08, 2015, 01:15:01 PM

This is obviously near-abandoned, flying on autopilot and with no ideas whatsoever at the helm. Hence the lack of interest and dismal, amazingly so, price behavior.

So much potential. So pathetically lacking execution...

I wouldn't be so worried about the pricing for POT at the moment. The drop is likely thanks to people closing out their cryptsy accounts and selling off what coins they have, POT being one of them. The orderbook for POT on cryptsy has thinned out tremendously over the past few days, it now sits at 5btc total for sales, that is a fraction of what it was just a couple of weeks ago. I would also suggest that anyone interested look at the book totals for Bittrex and Poloniex and compare them to Cryptsy, its clear that people are either pulling POT off the market or selling off to cashout btc.

If anyone is wondering why people are cashing out of cryptsy, read this.
http://coinfire.io/2015/10/04/federal-investigations-of-cryptsy-underway/

... statistics do not proof you are right.

Grin

everytime I try´d 2 hold the 1300´800´600´500´400´300 - someone pissed me off !

What? Huh? WTF?

If you think its going to fall and never have long term growth, then sell off and take your haircut. If you think its a worthy investment over the long haul, keep buying as it drops, use dollar cost averaging to your advantage. You can also take advantage of the transition to POSv and let your coins stake and grow on their own, rather than buying more.

Maybe you aren't aware that a drop at 1 exchange will bring down the price at others, its called the law of one price.
https://en.wikipedia.org/wiki/Law_of_one_price

PanneKopp

sr. member

Activity: 391

Merit: 250

aka ...

Quote from: rdyoung on October 08, 2015, 05:20:23 PM

Quote from: barabbas on October 08, 2015, 01:15:01 PM

This is obviously near-abandoned, flying on autopilot and with no ideas whatsoever at the helm. Hence the lack of interest and dismal, amazingly so, price behavior.

So much potential. So pathetically lacking execution...

I wouldn't be so worried about the pricing for POT at the moment. The drop is likely thanks to people closing out their cryptsy accounts and selling off what coins they have, POT being one of them. The orderbook for POT on cryptsy has thinned out tremendously over the past few days, it now sits at 5btc total for sales, that is a fraction of what it was just a couple of weeks ago. I would also suggest that anyone interested look at the book totals for Bittrex and Poloniex and compare them to Cryptsy, its clear that people are either pulling POT off the market or selling off to cashout btc.

If anyone is wondering why people are cashing out of cryptsy, read this.
http://coinfire.io/2015/10/04/federal-investigations-of-cryptsy-underway/

... statistics do not proof you are right.

Grin

everytime I try´d 2 hold the 1300´800´600´500´400´300 - someone pissed me off !

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: spectrem1 on October 09, 2015, 09:21:30 AM

Quote from: rdyoung on October 08, 2015, 05:20:23 PM

Quote from: barabbas on October 08, 2015, 01:15:01 PM

This is obviously near-abandoned, flying on autopilot and with no ideas whatsoever at the helm. Hence the lack of interest and dismal, amazingly so, price behavior.

So much potential. So pathetically lacking execution...

I wouldn't be so worried about the pricing for POT at the moment. The drop is likely thanks to people closing out their cryptsy accounts and selling off what coins they have, POT being one of them. The orderbook for POT on cryptsy has thinned out tremendously over the past few days, it now sits at 5btc total for sales, that is a fraction of what it was just a couple of weeks ago. I would also suggest that anyone interested look at the book totals for Bittrex and Poloniex and compare them to Cryptsy, its clear that people are either pulling POT off the market or selling off to cashout btc.

If anyone is wondering why people are cashing out of cryptsy, read this.
http://coinfire.io/2015/10/04/federal-investigations-of-cryptsy-underway/

The other side from Cryptsy -M
http://blog.cryptsy.com/post/130547612142/re-coinfire

We have seen this before. Please don't think that cryptsy or its people are innocent just because they fired back at coinfire. Remember when coinfire went after gaw?
As I have posted elsewhere on this, this incident will be very interesting to see play out. The CFTC has confirmed that they oversee crypto. Because of this, IMO, the exchanges are not MSBs but instead are commodity brokers. I doubt that cryptsy will be shutdown because of this, but its clear that they have been lying about being registered as MSBs in all required states, simply adding your name to the MSB list on FINCENs website doesn't absolve you of the MSB regs for the states that have it, despite crypto not having a solid definition and regulatory framework to guide it.

spectrem1

member

Activity: 95

Merit: 10

Quote from: rdyoung on October 08, 2015, 05:20:23 PM

Quote from: barabbas on October 08, 2015, 01:15:01 PM

This is obviously near-abandoned, flying on autopilot and with no ideas whatsoever at the helm. Hence the lack of interest and dismal, amazingly so, price behavior.

So much potential. So pathetically lacking execution...

I wouldn't be so worried about the pricing for POT at the moment. The drop is likely thanks to people closing out their cryptsy accounts and selling off what coins they have, POT being one of them. The orderbook for POT on cryptsy has thinned out tremendously over the past few days, it now sits at 5btc total for sales, that is a fraction of what it was just a couple of weeks ago. I would also suggest that anyone interested look at the book totals for Bittrex and Poloniex and compare them to Cryptsy, its clear that people are either pulling POT off the market or selling off to cashout btc.

If anyone is wondering why people are cashing out of cryptsy, read this.
http://coinfire.io/2015/10/04/federal-investigations-of-cryptsy-underway/

The other side from Cryptsy -M
http://blog.cryptsy.com/post/130547612142/re-coinfire

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: ThePeddler on October 08, 2015, 09:21:04 PM

Quote from: rdyoung on October 08, 2015, 05:20:23 PM

I would also suggest that anyone interested look at the book totals for Bittrex and Poloniex and compare them to Cryptsy, its clear that people are either pulling POT off the market or selling off to cashout btc.

If anyone is wondering why people are cashing out of cryptsy, read this.
http://coinfire.io/2015/10/04/federal-investigations-of-cryptsy-underway/

That was me the past 2 weeks cashing out on Crypsty and Poloniex.
Went from 3.6 million POT to zero........

POT was a good idea at the time, but the lack of development will likely continue it's slow death so I got out while there's still some value.
I could be proven wrong with time and if so, those I sold into you are welcome Cheesy

You most definitely did NOT drop the POT in the cryptsy order book down to 5-6btc, if you think you did your a bigger egomaniac than I am.
Look at the books on ALL exchanges for POT, cryptsy is the only one that has dwindled, its likely that people selling down cryptsys book is what dropped the price everywhere. I don't think it can fall much further and if it does, I will pick up more as it falls.

As for "pot being a good idea at the time" whatever the hell that means. We aren't even at the sunrise for the day of the crypto revolution. I would put us at about 3am.
Those of us with 60+ years left on this planet should be focused on acquisition of any and all coins we think have even a 1% chance of success. When the rising tide of fresh money starts flowing into BTC and crypto in general, some of it will bleed into POS coins and even those coins with a shitty backing will get a boost, not unlike when the stock market is in a bull run, even the crappiest companies can see some serious gains in their stock price.

ThePeddler

newbie

Activity: 9

Merit: 0

Quote from: rdyoung on October 08, 2015, 05:20:23 PM

I would also suggest that anyone interested look at the book totals for Bittrex and Poloniex and compare them to Cryptsy, its clear that people are either pulling POT off the market or selling off to cashout btc.

If anyone is wondering why people are cashing out of cryptsy, read this.
http://coinfire.io/2015/10/04/federal-investigations-of-cryptsy-underway/

That was me the past 2 weeks cashing out on Crypsty and Poloniex.
Went from 3.6 million POT to zero........

POT was a good idea at the time, but the lack of development will likely continue it's slow death so I got out while there's still some value.
I could be proven wrong with time and if so, those I sold into you are welcome Cheesy

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: barabbas on October 08, 2015, 01:15:01 PM

This is obviously near-abandoned, flying on autopilot and with no ideas whatsoever at the helm. Hence the lack of interest and dismal, amazingly so, price behavior.

So much potential. So pathetically lacking execution...

I wouldn't be so worried about the pricing for POT at the moment. The drop is likely thanks to people closing out their cryptsy accounts and selling off what coins they have, POT being one of them. The orderbook for POT on cryptsy has thinned out tremendously over the past few days, it now sits at 5btc total for sales, that is a fraction of what it was just a couple of weeks ago. I would also suggest that anyone interested look at the book totals for Bittrex and Poloniex and compare them to Cryptsy, its clear that people are either pulling POT off the market or selling off to cashout btc.

If anyone is wondering why people are cashing out of cryptsy, read this.
http://coinfire.io/2015/10/04/federal-investigations-of-cryptsy-underway/

barabbas

legendary

Activity: 1162

Merit: 1000

This is obviously near-abandoned, flying on autopilot and with no ideas whatsoever at the helm. Hence the lack of interest and dismal, amazingly so, price behavior.

So much potential. So pathetically lacking execution...

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: 1024KB on October 07, 2015, 10:08:55 AM

Quote from: rdyoung on October 06, 2015, 07:56:51 PM

Quote from: 1024KB on October 06, 2015, 07:48:47 PM

So my wallet hasn't been able to sync for two weeks. I have deleted both peers and re did boot strap. Are there any nodes I can add?

First just to cover the bases. Are you running the latest wallet? Have you checked your firewalls on your pc and or your router to make sure that upnp is enabled or the right ports are manually forwarded? If the previous has been covered you can grab a list of known nodes from https://chainz.cryptoid.info/pot/#!network and add them either manually or copy/pasta them into your potcoin.conf file in your data folder.

online and synced, thanks

Sweet, glad I could help.

1024KB

full member

Activity: 238

Merit: 100

Quote from: rdyoung on October 06, 2015, 07:56:51 PM

Quote from: 1024KB on October 06, 2015, 07:48:47 PM

So my wallet hasn't been able to sync for two weeks. I have deleted both peers and re did boot strap. Are there any nodes I can add?

First just to cover the bases. Are you running the latest wallet? Have you checked your firewalls on your pc and or your router to make sure that upnp is enabled or the right ports are manually forwarded? If the previous has been covered you can grab a list of known nodes from https://chainz.cryptoid.info/pot/#!network and add them either manually or copy/pasta them into your potcoin.conf file in your data folder.

online and synced, thanks

1024KB

full member

Activity: 238

Merit: 100

Quote from: rdyoung on October 06, 2015, 07:56:51 PM

Quote from: 1024KB on October 06, 2015, 07:48:47 PM

So my wallet hasn't been able to sync for two weeks. I have deleted both peers and re did boot strap. Are there any nodes I can add?

First just to cover the bases. Are you running the latest wallet? Have you checked your firewalls on your pc and or your router to make sure that upnp is enabled or the right ports are manually forwarded? If the previous has been covered you can grab a list of known nodes from https://chainz.cryptoid.info/pot/#!network and add them either manually or copy/pasta them into your potcoin.conf file in your data folder.

Yep, yep, yep and yep. That site is dead for me right now. once its up ill try that. Thanks

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: 1024KB on October 06, 2015, 07:48:47 PM

So my wallet hasn't been able to sync for two weeks. I have deleted both peers and re did boot strap. Are there any nodes I can add?

First just to cover the bases. Are you running the latest wallet? Have you checked your firewalls on your pc and or your router to make sure that upnp is enabled or the right ports are manually forwarded? If the previous has been covered you can grab a list of known nodes from https://chainz.cryptoid.info/pot/#!network and add them either manually or copy/pasta them into your potcoin.conf file in your data folder.

1024KB

full member

Activity: 238

Merit: 100

So my wallet hasn't been able to sync for two weeks. I have deleted both peers and re did boot strap. Are there any nodes I can add?

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: Jahvinci on October 06, 2015, 11:49:02 AM

Who's driving this thing?

Jahvinci

member

Activity: 335

Merit: 45

Who's driving this thing?

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: Cogitorium on October 06, 2015, 10:19:19 AM

So, there are no provisions in the posv algo for coins being directed to Potcoin for sustainability?

NO there isn't. The only coin that I know of that is implementing that is DASH and last I checked its still a highly debated topic.
Keep in mind that POT is on its 2nd set of devs, IIRC. I am not sure how long potlabs has been in the picture but I am sure they mined a large chunk of the POW phase, they had the ability and the muscle to throw around to fix the POW fork a couple of months ago.

If potlabs was for it, I would be open to something like Reddcoin is implementing in their restructure. Setup a multisig wallet 3:5 or something with a couple of the keys in the hands of devs and the rest in trusted community members, not sure how that would work to let the coins stake, but its a possibility if/when funds are ever needed to be raised for sustainability. I do believe the way it should work though is if they are successful and the coin gains market share and capitalization as the value of the coins they hold grow the further they can go to keep growing the user base.

Topic: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ - page 116. (Read 920203 times)