Topic: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily - page 16. (Read 64624 times)

Yep --- I even started negotiations to offer to buy the entire coin;
everything and every part of the ownership block and website etc etc.

One man shows just can't endure this marketplace.

The dev has been silent for over a week now. That bothers me more than the price drop.
If he doesn't show up soon, we may as well forget about SPC and move on.

Anything happening with the coin? , the price isnt looking too good right now. At least we still earn out interest every day.

Any news on that?

CinniCoin and Blackcoin are doing well with the method of market controls via pool mining supports.

It appears that to truly create demand side pressure would need to follow the newest trend in coin success and that is to create a mining pool that then allows devs and "monetary policy" police to create value and uptrend in an altcoin.

Without clear and solid traction that is what is working right now.

Thanks for your response. Again no bitcoin = dead altcoins.
SPC is designed to "create value" in it's structure via interest coin earnings. (SPC held is SPC gained)

IF the Dev is legit, IF interest and developments continue for SPC to properly mature and market it.
(Meaning it just doesn't die on the vine due to lack of proper promotion, dev work and misc adoptive efforts.)
Then I base the coins merits on "structure" - It having just as much chance to succeed as some of the other top coins.

Apart from the rest of your text wall which is a bit right about the altcoins and btc price....
Ability to create value?
Equal footing with doge or litecoin ?

Now really , you base this on what?

There seems to be a lot of misunderstanding about SPC and its potential.
I won't focus on issues that have been thoroughly dealt with or are self-evident; EXPLE "pre-mined."
The issues for every altcoin are: potential, marketing, support, community, exchanges, market traction and adoption. Every altcoin depends on Bitcoins market traction and adoption.

This will be a long process and won't see significant gains till starting this Fall (4-8 months away.)
Those gains in market traction for Bitcoin must also contend with a downtrend valuation in Bitcoin and increased liquidity sales in all cryptocurrencies. So it is unlikely we will see Bitcoin itself gain noticeable traction and adoption in less than 10 months.

There is a slight chance that the FATCA IRS law going into effect July 01 will have some effect on the crypto currency industry and Bitcoin but cannot be predicted. So if you are expecting some huge gain immediately in SPC or any altcoin; you misunderstand how this market works. Sure; some coins have a great run, some settle in high or low. However you must have a longer range projection of SPC or any altcoin to summate its value.

As I see it there are only going to be a handful of very well adopted Altcoins amongst the hundreds of contenders. The reasons for their adoption are a blend of utility, potential, marketing, support, community, exchanges, market traction and adoption. The ones that don’t answer the areas above will fall to the back of the pack.

As Bitcoin rises and falls so also will the swell of altcoins. When Bitcoin passes $540 and holds steady the swell of altcoins will significantly increase. SPC should be well entrenched by that time and have significant exposure. During the climb of Bitcoin from $485 to $540 you will see a much healthy crypto trading submarket.

At this juncture there are only a handful of coins that have the potential to be real money makers. DarkCoin, BlackCoin, LiteCoin, DogeCoin, Vertcoin, NameCoin, PeerCoin, and several others. I believe SPC stands equal footing with them or maybe even better due to its inherent structure having the ability to create value.

This Community however needs be more helpful and proactive. Real coin adoption must get early traction. We only have less than a year to get that. I will be promoting this coin on at least one website that should get considerable traction.

People need to pitch in for the long haul; otherwise move along.

the coin has a bright idea, hope savecoin have a bright future

Why don't the COINS have a machine gun pool

The idea of this coin OK, just don't know future development,Refueling support you,The very idea of coin!

It is meaningless to hold the money, because it does not make any sense.

There's always either premine or instamine, otherwise the devs wouldn't have any incentive to develop/improve the coin.
Also, ironically the huge premine sort of guarantee that the dev wouldn't dump it all at once.
If the SPC had, say 50,000 premine, there would be a risk that Suresh would dump it all during first price spike and then disappear. With 1 million it's simply impossible. Therefore, from Suresh's point of view, the best way is to keep selling smaller amounts over long period of time and further developing/promoting the coin and try to drive the price up.

Also, part of the premine can be used for giveaways, bounties etc. I hope to see SPC android wallet soon.

Premines always worry potential investors. If the coin starts to rise significantly in value there is always a risk the dev could dump, leave the coin practically worthless, then disappear. I'm not saying this coin's dev will dump, just that it could deter potential investors.

Has anyone her had problems with Bittrex withdrawls?

Been over 1/2 hr since I confirmed withdrawl by email.

Sent them ticket.

Verified transfer receive number.

Every other exchange has been almost instant on SPC withdrawls.

It's all nice, new features for the coin, new wallet and so on. BUT this coin rly needs some big community / social work to get started ! the network hashrate is going down and tomorrow, it was low like never before and i am with my miner 1/3 of the network hashrate ! so in mining there is no future for me, ok in the future and and and .... but the risks are to high that this coin will get his upcomming to late or never ... sry.

i think u are a great dev with good support. but its like a good website with no traffic  @ first, i would build up the social and community work. spread giveaways for work on the coin, like translations , games or even facebook work. make a new slick thread design, look @ the other coins. the potencial is great, use it.

I think this coin is going nowhere at the moment. And the biggest problem is this huge premine. I’m talking about this 1 million (not 19 million reserved for PoF). I’m a big SPC fan and still holding more than 1k, but let’s come to reality - nobody will invest and work for SPC exchange support with such a huge premine. 

First of all there is a flaw on SPC how PoF is distributed, it appears to be manual or half-manual and nobody can know if one day there will be no payout or even worse – it can be dumped at exchanges (I’m not telling it will happen, just it might happen, and if something might happen then this is a risk). So PoF idea is great but gives some additional risk. And then we come to premine which in this moment is about 94% (1 million/(1 million + 60k)) and in the end of mining will drop to 50% (1 million /(1 million +1 million))…

So Suresh let’s say SPC will get 100 million $ market cap (which will not happen) – then basically you (devs) will get 50 million of this (too much ).

And let’s look on such scenario: you move from that biggest premine ever    47,5k coins to mining bag, then there would be 1047.5k SPC to mine.  Next 902.5k coins would be moved then to PoF reserve (47.5k x 19) and finally it leaves you (devs) 50k premine. Then SPC gets 100 million market cap (might happen), and you have 4.77 million $ (enough ).

I have 1k SPC and will not mine or get a single SPC more (only from PoF - one risk (wrong use of PoF coins) is enough for me, and second with 50% premine and dump to 1 satoshi is just too big.
I’m not saying you what to do, I’m just talking about probability and giving my opinion. You have 0.00000001% chance to get 50 million $ or 0.001% to get 4.77 million $. Red or blue pill 

And please don’t take this post too serious it’s just an altcoin.

I'll get started on that soon 


Well, yes but that's not really relevant to SPC