Topic: Topic: MotaCoin[Official][MOTA][X13] Developments & Discussions (Read 1063 times)

Whales didn't dump much during our ATH, the reason the price dropped was 2 reasons: a) We got exploited and hackers minted a ton of coins and dumped. That was addressed and we not only patched it successfully, but we also learned how to replicate their exploit. b) there was 10k mota mined every day and dumped on the market. At $0.10 per coin, that's $1000 a day hammering the bid liquidity. That's why we went full POS. Its not fair for literally 2 miners to be draining so much liquidity every day.

As far as the top 5 pos earners 'unfairly' hogging all the stakes, keep in mind there are only 420 mota minted via pos each. That's $2 worth of mota every day. Its virtually nothing. So the top 5 pos earners are splitting $2 worth of mota each day lol. Moving to full POS is imperative to holding price gains. Since our last discussion, after moving to full POS, we are up 300%.
 
The staking rewards are low enough to be considered irrelevent imo. How many of the top wallets are actually staking? A handful??

Only 2 of the top wallets are even staking (https://chainz.cryptoid.info/mota/#!wallets)

That all being said, we are very very undervalued, no one is dumping at these prices. There are plenty of coins to be picked up on the markets at these prices.

I think we finally have everything lined up to moonshot again, and this time we will hold the price gains. As I correctly predicted sustained gains after switching to full pos, I predict that we will go much much higher than our current ATH and these prices are bargains.

Like last time, we will see!

Nice to see various projects being talked about. Brings awareness, if nothing else.

With top 20 wallets having 800k+ each, there really isn't any faith for new people to grab a handful, for fear a whale will dump (again).

Going PoS was a weird move. I guess having a long run of PoW helped spread the coin around, but the top5 PoS earners also hold the top10 balances. Not 'fair' for people just getting in with a few grand worth. I believe these wallet holders should staking=0 in their conf files, but hold the wallets open for network stability. They have 'enough'. Allow the small fry to earn a few crumbs.

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We can agree to disagree that crypto does not resemble typial economic supply & demand. The price will indeed move higher due to -96% reduction in new coins, when 10k were minted daily - toward the end - it was getting dumped to 1,2,3,4,5 satoshis for a couple months, then the change hits and now we are comfortably above 10.

Luckily we are actually being used by real businesses, so that puts us with the few.

In response to the only boost coins get is from btc going up, how do you explain us hitting $0.115 per mota in august of 2021? We were definitely in a bear market while MOTA took 30,000% gains from 1/3 penny to almost 12 pennys per coin, over a three/four month period. We did that while every other coin was falling.

I appreciate the reply but in the world of Crypto, it has almost no resemblance of typical economic supply&demand reactions. Clearly the price did not move higher due to xx% slower in creating coin. I'd venture to guess it is still in a price(demand) decline.

You need to realize that crypto is only worth what the next youtube sensation or pop star(or billionaire) will gab about it. With only ~5% of the world involved with crypto and most coins being practically unknown(and 10 new ones created daily...), there will not be a demand for any of them except the big 5. All clones rise with BTC.

I am not knocking the system you have here, I am simply stating a fact from what I see in price charts. The only boost coins get is either from BTC going up or, as I mentioned, someone famous making people aware it even exists.

I have some. No point in mining and too little for earning in stake rewards. Time does tell, eventually 

Well unfortunately we got exploited at our ATH (as did many other hybrid pow/pos coins in that time period)... that caused a price crash, and the 10k dumped daily sure did accelerate that crash.....

And are you joking or do you honestly not understand basic economics? Supply & Demand, go spend 2 minutes learning about it. If there are 1 million mota minted per day, the price will find a new equilibrium based on the delta of supply - price will be lowered - obviously. If there is only 0.00001 mota minted per day, the price will increase to reflect higher demand through the lower supply. You should know this.

Who is dragging out the total supply mining time? There will always be staking to subsidize the mining, otherwise people won't be using their wallets to process transactions. There is no max supply. There is about 180,000 mota minted per year under the new rewards, which would have previously taken only 18 days to generate.

With the dramatic reduction in supply of new mota minted, you would be wise to stock up at these prices. Time will tell the tale.

And how is that working out for ya?



Nice steady price... into the gutter.

Why do devs have the notion that dropping block reward (halving, in most cases) means price increase? Or is there another reason to drag out total supply mining time for 50 years?

So… since 10,000 mota isn’t mined via pow and dumped on the market daily….that means the coin is dead. Lol…got it. Thx for the input.

Straight PoS? All the more reason to have the old block reward. Now that is it crap : Dead coin walking.

Agreed, we will take your recommendation for a static POS reward. Excited to have you back in the mix 

We are looking to go full POS and I am giving a helping hand but may be a while as I am also working 60 hr weeks cooking in a restaurant.

We are hashing things out but I want to do a static POS reward vs a flat reward percent per year. The reasoning for me was that you need competition and if you have something like 5% total inflation but divided by the stakers, the ones participating gain more. With a flat reward per year, if you don't have everyone staking, you don't gain that inflation per year and exchanges can more easily out stake and sell the coin.

Dropping from 31 to 3.1 is lame. Why not just pre-mine everything and only run PoS? You started with 53,100,000.0 MOTA already.

It does still work, with enough pow hash power it will start cranking out blocks, but the rewards for pow were balanced from 10,000 mota daily to 400, to match the pos potential

We balanced the pow rewards with pos, instead of 10,000 mota every day pow can generate about 400 mota, and the pow generates about 400 mota also. So, given the reduction in pow rewards I don’t think it’s profitable enough for pow pools. Which means it’s a good time to buy some and start staking!

Why POW don't work?

Where did the mining pools go?

Welcome, glad to hear that

How goes it yall? I market bought some $MOTA at 24satoshi the other day. Will hodl.

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