Topic: [PRE-ANN] [kFC] Futurecoin|Groestl-Skein-SHA256|IPO end in 1 HOUR! - page 14. (Read 30714 times)

We do not want to discourage viewpoints but if you are going to make an argument please make a point and support it. We can have a civil debate about it rather than calling each other "retards".

To attempt to answer your question, algorithm weightings will be based on a combination of cost of mining hardware and performance of that hardware. This can be changed in the future if circumstances change.

If you have any other objections please state them in a civil and clear manner. Discussion is important, trolling is not.

the first shitty ass myriad clone is here

i hope this dev at least knows how to fix the fucking code.

and also doesn't have retarded "believers" that have probably mortgaged their house for myriad LOL

Heavycoin has no real life uses.

Why? on first age this not bad. For example view at Heavycoin (HVC). They have ipo as well, and nothing terrible happend

IPO is just a bad idea for a new release coin.

I'll, for example, dont wana sell my ipo coins. Better i'll holding this

90% of all phase 1 coins, which is depending on how this coin goes, admittedly a very small fraction indeed. But phase 1 is going to be decisive; depending on how this coin goes, the fate will be decided here.


Miners will have vested coins too, not just IPO investors. But these mined coins will be less than the IPO coins for 34 days~. IPO coins will be king in the first month.

And remember, MOST IPO investors are in it to make a quick buck. There will be some small percentage that believe in the coin, but that generation is dieing quickly.

I am sorry can you rephrase this I do not understand.


I believe that the phases are not separate percentages as evidenced by "non independent percentage". Meaning they would have to put in 90% of the total IPO money to get 90% of the coins not just phase 1. I will let the devs confirm this one.

This "dynamic block maturity" is not an IPO thing only. You are giving all miners the same vesting option, but who's say will not be equivalent to IPO investors until a month after launch.


And if someone wanted to put 1btc into the phase 1 IPO? Would they not control 90% of the coins for the first week? That's plenty of time to cause some serious speculation.


Ha.

Typically companies that are doing an IPO. They are usually given the a small group of employees.


Wolong was holding 90% of the coins and had no skin in the game. IPO investors would not dump and devalue their investment.


The ones actually moving the prices are not "trolls".

No you haven't. This coin has been announced for something like 3 days, no Mintpal voting listing, no altcoincalendar listing, no social media presence (or at least attempting to look like you have it), and an incomplete website. Are you expecting on the users to do everything for you?


What companies are you looking at? Stock options are typically given to "middle crust", at least company org wise. People who hold cryptocurrencies are the ones that can actually affect the exchange rate, and they don't even have to be particularly rich. This is not a better system (at least until proven so), just a different one.


It doesn't matter how much innovation you have - if the early IPO investors create a fiasco such as Wolong did with pandacoin, what future do you see for this one?


You act as if traders are some kind of elite class. Not in cryptocurrency markets, where FUD and trollboxes rule. Traders, especially in a cryptocurrency market, and especially in a phased IPO setup such as this one are in a position to "create" their own information, individually moving markets at their will.

Lazy? I will promote this coin like any other dev. The more people promoting this coin the better. You are not seriously going to argue that less people should promote are you?


The people in companies getting major stock options are not poor. They are usually very rich and can actually effect the price of the stock. It is the same with cryptocurrencies people holding coins are usually in a position to promote that coin. It has no baring on greediness or livelihood, only on the holders ability to increase the value. I believe that this system is better than the way all the other altcoins are being distributed. Please promote a better system if you have one.



This is not how adoption happens it is pretty well documented that "innovators" are a small minority that push adoption toward the majority. See the standard adoption curve below.
http://upload.wikimedia.org/wikipedia/en/4/45/DiffusionOfInnovation.png


Traders trade based on the best available information. They trade on future anticipated value on not on current value (See blackcoin, tesla for examples). If you believe that this will happen you would not be posting about it. You should be using this information that you so solidly know to trade.

Really? Seems to me that it's just a lazy dev team hoping to get promotion done for them.

 A company's employees is one thing; their livelihood is tied to the success of the company and thus the stock options. A cryptocurrencies vesting would amount a more favorable position in which the greedy can take advantage of the believers.

As you say, phase 1 investments will be very small. But it shouldn't, it should be the other way around. You're opening up markets with rather enticing early adopter rewards, that give them a large say over the formative period of the coin.

Investors will let the coin die. Not by choice, but by the ensuing panic as the "rare" phase of the coin gets speculated downward by traders.

Phase 1 investments will be a very small amount of the total IPO. Traders will know of the distribution scheme and will not pay more than it is worth. Investors and traders will trade based on the best available information. They will not pay more for something when they know there will be more coming. On a final note there will always be people with vested interests in the coins success. They will promote the coin and help keep the price stable.

Will there be some fluctuations during the first couple weeks? Yes, but that is a price we pay for free markets and future stability.


This is by design. Investors want to protect their investment. They are not going to let their investment die. This is essential to future stability. It is also part of the reason companies issue stock and stock options to their workers.

Your description of a "building buy support" period in which no coins are released essentially equates to "let's see how much hype we can drive to see how fast the price will rise. Thus when the phase 1 investors receive their coins (and it does not look like there will be many phase 1 investors), they will already be faced with a "pumped and primed" market which is ripe for a quick dump. Now, given that the IPO is a non independent percentage of the total coin cap which looks to be 5,000,000 kFC, the small percentage of phase 1 investors hold immense trading power... since they're the only source of coins for a week.

Phase 2, phase 3, and the mined coins will immediately flood the market in the next 2 week period, destroying gains made by phase 1 investors and general traders. But during the week of essentially free trading and circle jerking, I would expect the price to fluctuate immensely before the bulk of the IPO coins get distributed.

The 3 phase distribution does not give enough weight to phase 1 investors. This could be avoided if this coin had significant momentum from the launch, but as of right now you barely have .125 in IPO investments.

And people do dump stocks right after an IPO. See twitter, facebook.

Additionally, as far as I can tell the amount of IPO coins will be greater than mined coins for something like a month. IPO investors as a whole will have a huge say in where this coin goes.

Whales have no incentive to dump on exchanges because manipulating the market would only hurt their own investment. Furthermore IPO coins have a vesting period too.

Do you have a better way to distribute?

It's like saying that people would dump a stock after an IPO.

An IPO setup like this heavily favors whales. The distribution is skewed to those in a better place for market manipulation, and thus the premise of a building buy support is flawed, given that the IPO investors will immediately dump on exchanges. It's like a game of chicken, but with whales.

The distribution tends to even up at the end of the ipo.

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