Pages:
Author

Topic: What's with the buying panic of novacoin? - page 2. (Read 2190 times)

member
Activity: 84
Merit: 10
Haters need to use a word "scam" more often, may be 3-4 times across the sentence, more novascam, russkie bastards coin, red russian scam and so on.
PoW+PoS coins are the future, cause they are less vunerable to attacks and more energy efficient)
So, it's quite logical that NVC, bottlecaps, bitgem, bitbar etc have their value.

I like PoS, but that doesn't mean we need more PPC-clones that don't add much more. Especially ones with premines.

The interest rate was changed from 1% to around 50%. But it was done in the open with lots of advance warning. So I wouldn't call it a scam.. but I'm confused too as to why the price went up. If the Bitcoin devs even thought about trying the same thing it would be an epic coin-ageddon.

PoS made me a little bit uneasy with how it just gives more money to people doing nothing with money, but PPC's rate being 1%/year didn't bother me too much, as that's below most economies' inflation rates. Anything a little higher than common inflation rates is a bit weird. But you've got to be kidding about 50%, right?
sr. member
Activity: 428
Merit: 250
The interest rate was changed from 1% to around 50%. But it was done in the open with lots of advance warning. So I wouldn't call it a scam.. but I'm confused too as to why the price went up. If the Bitcoin devs even thought about trying the same thing it would be an epic coin-ageddon.

Bitcoin Dev would need to have their own exchage first... but yes
sr. member
Activity: 604
Merit: 250
The interest rate was changed from 1% to around 50%. But it was done in the open with lots of advance warning. So I wouldn't call it a scam.. but I'm confused too as to why the price went up. If the Bitcoin devs even thought about trying the same thing it would be an epic coin-ageddon.
sr. member
Activity: 428
Merit: 250
What happend? Just a nice manipulation expected...when you know history of NVC...

Nothing surprising for me... Waiting it go like half btc and (xxx-x.com) will dump their 150 000 coins...to you guys Smiley...But dont worry apparently NVC is used a lot in market russian... Grin

to be continued...
sr. member
Activity: 303
Merit: 250
Haters need to use a word "scam" more often, may be 3-4 times across the sentence, more novascam, russkie bastards coin, red russian scam and so on.
PoW+PoS coins are the future, cause they are less vunerable to attacks and more energy efficient)
So, it's quite logical that NVC, bottlecaps, bitgem, bitbar etc have their value.
sr. member
Activity: 439
Merit: 250
According to this: http://coinmarketcap.com/
Novacoin has been really bullish during the last 7 days. Is it a bubble forming? I honestly think that NVC is just another scamcoin ( copy-paste from LTC + copy-paste from PPC ). Therefore it really bothers me that it's going up like that. Can anyone explain the phenomenon?

Its a scam coin. When a few folks can trigger buys alone they can make the market move. I dont think Novacoin has much value at all. As a matter of fact, until these coins are actually used in transactions for tangible goods they should all have a value closer to current Stable Coin prices.
full member
Activity: 182
Merit: 100
They're buying it because other people are buying it. There's little volume on NVC so it doesn't take anything to move the price.
legendary
Activity: 2940
Merit: 1090
I think so, what is the interest rate on stake? What was it a few weeks/months ago? Has it changed?

-MarkM-
full member
Activity: 126
Merit: 100
Metacoin Enthusiast
Maybe the ponzi-style massive interest rates?

It is a centrally-managed money-supply, the lords of the kremlin or whatever decided to crank up the interest earned by stakeholders to insanely high levels akin to pirateat40 style ponzis and the like or maybe even higher than that. Maybe people are buying it to acquire stake, maybe not realising the comrades can crank it back down again any time, such as once the have dumped into this pump using their huge interest earnings?

In short it is not merely the usual "scam from the start" but an actual dynamically on-going scam where they hack it up to do any new scammy stuff they feel like on an ongoing basis.

-MarkM-


Are you in the right thread?
legendary
Activity: 2940
Merit: 1090
Maybe the ponzi-style massive interest rates?

It is a centrally-managed money-supply, the lords of the kremlin or whatever decided to crank up the interest earned by stakeholders to insanely high levels akin to pirateat40 style ponzis and the like or maybe even higher than that. Maybe people are buying it to acquire stake, maybe not realising the comrades can crank it back down again any time, such as once the have dumped into this pump using their huge interest earnings?

In short it is not merely the usual "scam from the start" but an actual dynamically on-going scam where they hack it up to do any new scammy stuff they feel like on an ongoing basis.

-MarkM-
legendary
Activity: 2114
Merit: 1015
According to this: http://coinmarketcap.com/
Novacoin has been really bullish during the last 7 days. Is it a bubble forming? I honestly think that NVC is just another scamcoin ( copy-paste from LTC + copy-paste from PPC ). Therefore it really bothers me that it's going up like that. Can anyone explain the phenomenon?
Pages:
Jump to: