[PRE-ANN] [VIA] - page 9. | Bitcointalksearch.org

josephliton

hero member

Activity: 644

Merit: 500

Quote from: DeShack96 on July 17, 2014, 11:50:09 AM

Quote from: timertrainer on July 17, 2014, 11:15:40 AM

Speculations on what the price will be once it hits bittrex?

So if you take a look at http://coinmarketcap.com/ and look at some of those coins and compare them using volume and
[potential] (for us) success, then you can estimate around a $3 million dollar marketcap if this coin delivers, seeing as how FTC, URO, and REDD are where they are. In that case, $3 miillion converts to around 4790 BTC. With 10 million VIA in circulation at the start, we can divide out total marketcap by the number coins to see the value of each coin: 4790/10000000 = 0.000479 (47.9k satoshi starting price).

Hope this helps, but remember, these are my arbitrarily placed numbers, not actual ones

Slow but steady wins the race and consistent, effective effort leads to success.

weedo84

full member

Activity: 145

Merit: 100

I would love to see this thread moderated, because I wouldn't want some valuable info to be distorted by people that have missed the boat, or some that dont understand the potential and argue without any research.

Maybe a poll? Or just +1 this for a moderated thread.

Primitive

hero member

Activity: 658

Merit: 500

Quote from: DeShack96 on July 17, 2014, 11:50:09 AM

Quote from: timertrainer on July 17, 2014, 11:15:40 AM

Speculations on what the price will be once it hits bittrex?

So if you take a look at http://coinmarketcap.com/ and look at some of those coins and compare them using volume and
[potential] (for us) success, then you can estimate around a $3 million dollar marketcap if this coin delivers, seeing as how FTC, URO, and REDD are where they are. In that case, $3 miillion converts to around 4790 BTC. With 10 million VIA in circulation at the start, we can divide out total marketcap by the number coins to see the value of each coin: 4790/10000000 = 0.000479 (47.9k satoshi starting price).

Hope this helps, but remember, these are my arbitrarily placed numbers, not actual ones

a fair analysis and its totally fine to talk about trading / price. BUT i hope that we don't focus too much on that. if you've done your research you'll know that this is more than just a clone to get on an exchange and try to make a quick profit from. if you are interested in turning your investment into really great returns, consider holding for a long time, and don't focus on the exchanges too much. i think where we can be in a year is a heck of lot more exciting to talk about than where will be in a week.

DeShack96

member

Activity: 89

Merit: 10

Escrow Services Provided

Quote from: timertrainer on July 17, 2014, 11:15:40 AM

Speculations on what the price will be once it hits bittrex?

So if you take a look at http://coinmarketcap.com/ and look at some of those coins and compare them using volume and
[potential] (for us) success, then you can estimate around a $3 million dollar marketcap if this coin delivers, seeing as how FTC, URO, and REDD are where they are. In that case, $3 miillion converts to around 4790 BTC. With 10 million VIA in circulation at the start, we can divide out total marketcap by the number coins to see the value of each coin: 4790/10000000 = 0.000479 (47.9k satoshi starting price).

Hope this helps, but remember, these are my arbitrarily placed numbers, not actual ones

btcdrak

legendary

Activity: 1064

Merit: 1000

Quote from: JoeGruff on July 17, 2014, 11:37:04 AM

Quote from: sidhujag on July 17, 2014, 10:36:39 AM

Its merge mined not sure u guys know the implicTions of that for mining. Mining wont get you many coins lets put it that way.

Is this true? Because all I have read is this:

"As a scrypt coin we could always take advantage of merged mining in the future. That is why we chose scrypt
because there is a lot of hash power available."

Merged mining is dangerous for new coins. No?

Correct. The coin is not merge minable. I said being scrypt, we could take advantage in the future if it made sense.

JoeGruff

member

Activity: 67

Merit: 10

Quote from: sidhujag on July 17, 2014, 10:36:39 AM

Its merge mined not sure u guys know the implicTions of that for mining. Mining wont get you many coins lets put it that way.

Is this true? Because all I have read is this:

"As a scrypt coin we could always take advantage of merged mining in the future. That is why we chose scrypt
because there is a lot of hash power available."

Merged mining is dangerous for new coins. No?

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: ?? on ??

Quote from: timertrainer on July 17, 2014, 11:15:40 AM

Speculations on what the price will be once it hits bittrex?

Well your metrics are as follows: All viacoins issued were paid for at a rate of 6,102 satoshi and those are the only coins that are available in the beginning. So unless anyone wants to give their money away, it doesnt seem to make sense it will be any lower than that.

Let just hope the miners see that listing the coin below that is throwing money away.

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: timertrainer on July 17, 2014, 11:15:40 AM

Speculations on what the price will be once it hits bittrex?

8k sat.

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: btcdrak on July 17, 2014, 11:13:07 AM

Quote from: PilotofBTC on July 17, 2014, 11:09:22 AM

Quote from: provenceday on July 17, 2014, 01:39:31 AM

Quote from: CryptoTrout on July 17, 2014, 01:22:19 AM

Good work dev. This is the first coin launch I have been excited for.

With over 2880 blocks per day, at 10 coins per block it will be 28,800 coins per day. Not sure who made this infro graphic.

It's 3600 blocks per day
1 day = 60s*60m*24h = 86400s
24 second target 86400/24 = 3600 blocks/day

Right, I just rounded the block time up to 30 seconds. Since we all know block times are an "estimate". My point was, his daily coin count was off by at least 100%.

Grifftech2k4

full member

Activity: 210

Merit: 100

Anyword on when POW starts?

timertrainer

full member

Activity: 135

Merit: 100

Speculations on what the price will be once it hits bittrex?

btcdrak

legendary

Activity: 1064

Merit: 1000

Quote from: PilotofBTC on July 17, 2014, 11:09:22 AM

Quote from: provenceday on July 17, 2014, 01:39:31 AM

Quote from: CryptoTrout on July 17, 2014, 01:22:19 AM

Good work dev. This is the first coin launch I have been excited for.

With over 2880 blocks per day, at 10 coins per block it will be 28,800 coins per day. Not sure who made this infro graphic.

It's 3600 blocks per day
1 day = 60s*60m*24h = 86400s
24 second target 86400/24 = 3600 blocks/day

Primitive

hero member

Activity: 658

Merit: 500

Quote from: PilotofBTC on July 17, 2014, 11:03:36 AM

Now, if the BTC all goes into a fund for futured development, I guess it's not as much a big deal. however, I don't recall him saying anything about what happens to the investment BTC excepet that it goes into his pocket. $360,000 is no small amount of money.

there's already enough FUD here. why assume the worst like this? VIA is ambitious and will require a lot of development (which costs money).

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: provenceday on July 17, 2014, 01:39:31 AM

Quote from: CryptoTrout on July 17, 2014, 01:22:19 AM

Good work dev. This is the first coin launch I have been excited for.

With over 2880 blocks per day, at 10 coins per block it will be 28,800 coins per day. Not sure who made this infro graphic.

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: bongsoup on July 17, 2014, 12:32:52 AM

Quote from: veritas77 on July 17, 2014, 12:25:29 AM

@btcdrak I'm still waiting for an Official Statement concerning:

1) Your personal investments in the Viacoin presale
2) Any quid pro quo arrangements you made with a friend (or 3rd party) to invest in the Viacoin presale

You DID NOT directly address these questions before...I'm looking for simple, clear, and straightforward answers to go on the record.

I'm not going anywhere...the sooner you answer these 2 questions, the sooner I'll leave.

Who here really cares if a dev decided to invest in a public IPO that he made? As long as it's his own money and not allocated to the VIA project, I see no wrong in dipping in. All coins are fairly sent to investors and proof is on the ledger and blockchain.

Well I could case. If the BTC is all going into btcdrake's pocket, then his "investment" isn't that at all. It is just a ploy to raise the price of the coin and give him a share for free.

Now, if the BTC all goes into a fund for futured development, I guess it's not as much a big deal. however, I don't recall him saying anything about what happens to the investment BTC excepet that it goes into his pocket. $360,000 is no small amount of money.

jBacchus

member

Activity: 140

Merit: 10

Quote from: slabhatnik on July 17, 2014, 10:37:30 AM

When is Viacoin going to start trading? When is lunch??

lol... lunch is whenever you want to take it... but the coin launch is within 2 days (I think...)

slabhatnik

newbie

Activity: 21

Merit: 0

When is Viacoin going to start trading? When is lunch??

sidhujag

legendary

Activity: 2044

Merit: 1005

Its merge mined not sure u guys know the implicTions of that for mining. Mining wont get you many coins lets put it that way.

jBacchus

member

Activity: 140

Merit: 10

The QT wallet isn't out yet.. I don't think... only Paper wallet and some other wallet... I want the "mining" wallet

andyge

sr. member

Activity: 509

Merit: 253

Quote from: jBacchus on July 17, 2014, 09:53:02 AM

So the wallet to mine should be out in a few days right?!

and then it will be on bittrex? I can't wait to get starting mining!!

The wallet not connected!!

Topic: [PRE-ANN] [VIA] - page 9. (Read 71948 times)