Topic: Treat developers better - XHC THREAD MOVED - page 52. (Read 113261 times)

bittrex down
have any news?

good move just waiting for free distribution

This take over by Jarvis is a great move to try to salvage what otherwise would be a total loss. So, in fact, this is a take over by the miners, not by the community. Other than that, the takeover and 'declaration of principles' so to speak, coincide completely with what I believe a new altcoin should be. But, like I just stated, if we don't call it like it is, where's the honor?

What does Honor coin bring, with their restoration, to the overcrowded table of altcoins? Technically, absolutely nothing whatsoever: It is just another copy/paste hack job which Jarvis expects it will be improved by the ideas and contributions of the Community not just the miners. Somewhat of a slipery slope there ... if we want to carry the all-important badge of honor that is the name of the coin, its only real asset.

Oh course the one-sidedness of this argument can be clearly and very easily be countered with the statement that it would require very little investment to become the top holder of the richest list: 1 BTC buys right now about 250,000 XHC, which by the 20th will become 500,000 new XHC. Not too many miners, I suspect, amassed as much with their rented rigs, etc. And perhaps not too many will be capable of amassing many more than those during the 7 days of the PoW distribution... and here is where the real problem comes: By the design of this restoration, I can see that the one-sidedness in favor of the miners -current ones, mostly- is enormous, and produces, de facto, a distribution problem that will be highly incremented if only a few people decide to invest lets say 50 BTC in the coin -which comes to an average of 2 BTC each by 25 investors... some of which, if not most, will ALSO be current miners. The picture is quite clear: Very, very few people will hold easily in excess of 1 million Honors... and that will be after the first 6 million mined.

Consequently, the originally designed 36 million limit may end up being quite a few millions more than that, after the 1=2 exchange, thus diluting the value and, again and more importantly, with the bulk of the coins in circulation in very, very few hands.

There's nothing scammy or not legitimate about any of this, but that doesn't eliminate the fact that a coin like Honor, which brings nothing new to the table in its current form, having such acute distribution problem, present an excessive risk for any future investors... and, obviously, they'll stay away. A few miners not a Community make, no matter the level of success of the coin. I'll give you a clear example: Lets just assume that Honor coin is very successful and that only a few months -or even a couple years- from now those who hold above 1 million coins are, let's say 35. Lets assume that the total count of coins ends up being 50 million instead of the 36-40 originally intended. And lets assume that, by them, this miniscule community has put a lot of effort, had a lot of luck, BTC has gone through the roof and every Honorcoin is worth, in fiat money, $5.00. We will have a community of multi-millonaires, 35 of them, with a few others, lets say 40 in total, with enough money to change their lives completely: You know, homes, cars, vacations all over the world, etc. Why would they remain invested living lives mostly miserable? Can you imagine the effect in the price of one or two of them cashing out at lets say $3.00? or even $2.00? I can assure you it will throw the price of the coin down the toilet.

But the distribution problem present several other significant problems, that would require a much longer than this already very long post. To resume it a bit, the coin would have an elite, not a real community. And that, you could say, is also a problem for other coins. And it is, yes. Bitcoin itself. But, don't forget, a) those are very long established coins, the reference for the whole movement, while Honor will be an improvised, copied, johnny-come-lately and b) without an strong -and as large as possible- community, an altcoin simply cannot survive.

Just a few thoughts to ponder. This looks very, very rushed and not too well though over, in my opinion. The simple fact that so few people is actually aware of what is going on and interested enough to post, should be a red flag. It looks like a hasty decision, way too desperate to be efficient or even viable. And it would be a pity because, is things are done in a sensible manner and thought thoroughly, this could and should actually work.

I wish you the very best and sorry for the long post that includes some of the considerations that keep me on the fence pondering if to invest in Honor or not.

That is if there's indeed a good explanation for that website snafu. Explanation that, at this point, would require, idealistically, a real photo of the real "team".

lol yes from the US, as am I but then again i dont sleep normal hours like the rest of the world either.

ehm... I think at the moment they are sleeping, if I m not wrong dev is from USA. Let's see. Surely it would  be funny to call in the half of the night asking for change the photo

ive msg'd them about the photo and that address and phone number. and i posted on irc. hopefully I get a responce

There is a phone number. Who of those will reponse if you call?  
really, let's destroy that photo, it would be better mickey mouse

sorry hero,

they just look like over zealous hipsters on steps lol

Yes, they (perhaps only one dev?) are working so hard now that don't have time to photo themselves and replace old photo.

Im trying to get ahold of jarvis today to see if we can get that image on the website removed. and a new logo Im gonna work on a few today once my stomach stops being a little bitch and allows me more then 5 minutes at my laptop lol

ah ah, surely they will explain. This photo is ridiculous but I think ( and hope ) that they are still working on the web site

Yeh, we'll need this skill of yours. We need to make this coin appealing, maybe before than 20 june have we some other plan for an unique and specifically strategy about it?
I liked the previous logo but from what I'm understanding it was not original... but more charismatic
Anyway, thank you for the hard job

Who's dumping right now? Sellling your coins for 400 satoshi. That's crazy.

News for pump and dump?

"Help"? You have "helped" enough. Anyone can find out all the details across bitcointalk in several threads, not just Libertycoin's but several dedicated to explain in details your frauds. Yours and you partner/accomplice loljosh. You are done.

Oh, and since you still try to make people believe I am IconicExpert, Carlitos R. Torres Ferguson, aka Templar77, I doubt he will be able to write this: Mira pinche cabron que tu madre sera una santa pero tu eres el mayor hijoeputa del planeta, aqui se te ha acabado el negocio, como no cambies de handle y de forma de operar, en el mundo de las monedas alternativas estas acabado. Y si los cambias, se te va a encontrar muy pronto de todos modos. Tambien es posible que alguien te encuentre muy pronto en el DF y te haga pagar por las fechorias que has cometido...

What do you think, IE's will be capable of writing that? Carlitos, you are DONE. THE GIG IS UP.

Sorry this is obviously directed to Templar77, NOT to ehugh66.

what a honor

I would like to request a longer mining time...

7 days is rather short.

Keep in mind too, that having double the coins will equal half the BTC value, and a new chart will be needed. Since this old chart is based off value of a coin of twice the value. (It will make the coin look worse, since it has to reach twice the value to be equal to any of the previous values. Not to mention the additional 6-million that will be added to the cap.)

You want a good 2 weeks to give everyone a heads-up, and make any formal announcements. (Other than this forum.)

Will the mining start after block-x or right on the day the new wallet releases? May take some people some time to get the wallets up and running, and configured for mining, including pools, if they may participate. (I assume it will use a whole new wallet.)

Don't forget to code the old wallet so it needs a forced update, and so that it stops functioning unless they update, so people HAVE to visit to get the upgrade, and see the news. (Not all users live in the forums.)

Great work! Keep it going.