Topic: Vertcoin holders! almost 20% of your coins were mined in the first 30 hours - page 3. (Read 4917 times)

wow...look at the graph, buddy.

It looks...so not curved...and... not instamined. Not close, actually.

Care to prove me wrong?

96 hours in...looking pretty straight forward





90 days in...still looking COMPLETELY normal





104 weeks in....




oh wait...what is that is see? Is that bending up a tad around 50 weeks in? Could that be slightly MORE coins being produced a year after its creation? In other words, the OPPOSITE of an instamine?

What say you?

So, you just miss leading the point.

If I apply your logic from the topic, both of VTC and LTC are instamine during the same time period which is 30 hrs after launched

So what if 2017, you bring this news to Bitcointalk again, will you say VTC is instamine 2% and LTC is not instamine ? or instamine but will less effect to Litecoin holders ?

So, what's wrong if I compare 30 hrs after LTC and VTC were start mining ?
LTC 510k and VTC 600k, if you said VTC is instamine, so what about LTC ? not instamine ? I just apply the same logic to 2 coins which has the same total supply and block time.

It's about the amount of % mined in the first 30 hours compared to the amount of coins existing right now,
which makes ltc around 2%, qrk 3.5% and vtc 16%

Litecoin was also at 3,000,000 out of 84,000,000 at third month, just sayin.  http://cryptometer.org/litecoin_60_month_charts.html

bitcoin was the most instamined shit ever

bitcoin scam?

well look what we have here...another sacred cow people don't want to talk about! Didn't realize Litecoin was like that, either.

i suspect the fact that their instamine only comprises only 1.5% of the total coins in existence means that this news will matter less to litecoin holders. 1.5% to 20% is almost a factor of 15.

Perhaps the person who suggested it doesn't matter if their is an instamine has a point. Eventually, the instamine will be paltry in comparison to the beginning. So it must not matter???

(answer: WRONG. it matters the most when you catch an instamine early. As time goes on, those holding the early coins will have less and less influence, and so it matters less. But it still matters.)

Wait a sec, are you kidding me or you totally don't understand ?

Litecoin created since 2011, there are 27.5 millions LTC in market, maximum is 84 millions.
Vertcoin created since 2014, there are 3.5 millions VTC in market, maximum is 84 millions too.

So, where is 2% come from ? if 2017, VTC has 27 millions VTC, it will be 2% too ?
I don't understand your logic, seriously.

Well that's around 2% and Quark had around 3.5%, thats nothing

I just went to take a look at Litecoin graph, and I found that Litecoin is instamine too. Between 24 to 54 hrs, 514,750 coins were mined.



http://cryptometer.org/litecoin_96_hour_charts.html

 

...

The significance being that early adopters should benefit by mining a cheap coin. Their large benefit only comes into play if the currency takes off.

The significance of an instamine is the coin was designed to strongly benefit early adopters. In other words, the immediate intention of the coin was for its earliest users to get rich quick.

To really spell it out for you, a coin's early adopters shouldn't get rich quick until the coin really takes off. Vertcoin is looking to get rich fast before the coin takes off. It should be the other way around. The coin should become wildly popular and THEN the early adopters get rich.

That should make you weary of their other intentions.

I still don't understand the significan of a "instamine" early adopters are rewarded greatly in general, look at the artists that could have taken facebook stock back in the 90's. Of course significant amount is going to be mined at low diff, its just how it works. Am I missing something?

You can ask "FUD?" all you want. I directed you to facts about the coin. You should refute them instead of calling them fear and uncertainty. If you can't dispute the facts, they are CERTAIN.

BTW, pointing out that some other coin is a bigger question mark of credibility doesn't refute the question mark i am giving investors.

FUD? Still going to buy vert, it seems that it will be the coin that miners hop on to, or an x11 coin.

For starters, no one knows what caused those crashes in Vertcoin's prices early on. To assume the early adopters sold off all their coins is rather silly, imo.

I just discovered this about Vertcoin because I used to check cryptometer.org all the time. I forgot to check it recently and saw the creator posted Vertcoin. Once I found out, I posted.

My main agenda is to get people familiar with cryptometer. It's a great tool and I think we should encourage whoever runs that site to compile more data about the incoming currencies. Or, we should encourage everyone who is investing in this alt coins to know this basic data. I suspect some people who be hesitant to jump in if they knew this about a coin. I want this kind of data available for all coins.

Basically, if your currency's graph of coin creation is tends towards being STRAIGHT, your coin was mined fairly over time (assuming no premine).

If your coin is mined with a steep curve in the begining, the designer of that coin made it so the early adopters got A LOT more.

I didn't know vertcoin did that, hence my posting.


Other currencies worth viewing on cryptometer... Peercoin and Primecoin also have questionable curves. XPM is interesting in that it had a "super fair" start by not minting any coins the first couple of days...but they still created 1,000,000 XPM within 10 dyas. They mined a lot of coins fast and slowed down over time. I think PPC and XPM are cool ideas, just pointing out the facts. Bitcoin has a nice, mostly straight line. Quark also has a decent line, but their fucked up launch lends me to believe their credibility is already damaged for investment purposes.

Now i understand that the coins come out slower and slower over time...but there is a difference between doing it slowly and doing it quickly. The quicker you do it, the scammier it smells.

Yes and 10% in less than 12 hours...

None of the altcoins can succeed by design. Someone will always attack another camp for one reason or another (and obviously there will be some good reasons). Even Litecoin's history is marred with scams with a select few GPU mining for days and stocking up.

Bitcoin is the only one that can get away despite instamine/solo mine/lost coins/goxed coins etc. This is why people want BTCs. The rest are designed to make BTC stronger by eliminating each other.

take a look at blackcoin, total supply was mined in about 6 days ...

so long as everyone has a fair chance to mine at the start it is not as bad as some.... it did start with a windows qt right??  sure it would be MUCH  nicer to make it more balanced but that's how it goes. Let's hope these things improve.

This is NOTHING to what some coins have pulled. Consider NAS giving 20% to one person and 71% amongst 11 people... that gives you some idea of how messed up some coins distribution is.

 Although i'm not a big vert fan anyway but was the first at what it tried. It was pumped and dumped now the community behind it will determine if it shines or fades...who can say.

So long as more coins poor out daily, all coins will have their share diluted.

POS seems the current fashion.

Didn't knew, vertcoin looked so innocent lol. oh well seems like every Crypto goes through this fase