Quote from: SvonioneFromMangoCoinz on August 22, 2015, 03:22:56 PM

Hey everyone!

We are at a bit of crossroads and we need your help in deciding.

As you all know, our friends from China suggested that we multiply the number of all coins by 100. So 1 MCZ -> 100 MCZ. This would also affect the coin cap. What do you guys think about this? We would like to see everyone's opinion on this.

We are also working on returning the old way of mining. Everything will the same as the old app but you will need an active internet connection if you want to mine. We are continuing our work on solving bugs. Every day we solve some and are getting closer to a stable version.

Also another thing we need your opinion on. Do you guys think it's a good move to get into Cryptsy? We have enough funds to buy all the paid votes and be on top of their list right now. This would get us listed there.

What are your thoughts on all of these matters?

Best regards, Svonione from MangoCoinz.

It is certainly a good idea to set everything up without further fundamental change before Mangocoinz becomes extremely popular.

It was mentioned before:

Quote from: DOGEbubble on August 07, 2015, 11:58:11 PM

Quote from: thispanda on August 07, 2015, 02:15:43 PM

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Also please stop taking about MGC, it confuses newcomers and makes no sense. You honestly don't think that 1 Mangocoinz = 1000 Mangocoin is confusing? 1 bitcoins = 1000 bitcoin? If you want a denomination for the lower amounts, that is clearly not the answer. Listen to barabbas, he is talking sense.

Thank you for the analysis.

I was posting mainly to point out that the present reward value even at around 1-2 MCZ is as close to the previous value when 7 MCZ were made. The brief higher values spanned from more than 10000 satos to less 300 satos but it is fair to say that by even making only 1.5 MCZ now, it still can be better than before. I have been following the prices over the past 5 months very closely.

It is essential for every Manogcoin user to understand that it is a matter of time when user number increases so much that MCZ rewarded would be decreased but the overall value would be about the same or even better in the future (due to about proportionally increased prices). Hopefully, nobody would post their complains about getting 0.01 MCZ, 0.0001 MCZ daily, even if it would be still valued at, say, total of around $2; someone might still complains about the small number of coins.

I have confidence in our dev's all along and they will fix all these problems. No matter what they are going to do, I shall be happy.

1) a change to 100x or 1000x numerically is not just psychological; it is for practical reasons- convenience of uses- especially running on a mobile smartphone and wallet, most transactions being expected to be small.

2) Combined increase in MCZ values and mining reward halving - usually expected when the 1/2, then additional 1/4, then 1/8, etc, of the final total planned MCZ are mined; in order to reach the final total in the long run- probably will happen much sooner than any imagination. It is not impossible that the MCZ value could rise 100x or even faster in 10 years; therefore, a mining reward of

0.05 or 0.005 (old) MCZ = 50 or 5 (new) MCZ (i.e., x1000 in this scenario) will soon happen, unless mining will be unthinkably discontinued before that.

3) Because Mangocoinz is still a centralized system. It would be easy to change. By

Simply calling the new Mangocoin as Mangocoin; i.e. Mangocoin implies New Mangocoin and
the previously mined Mangocoins would be automatically Changed to Old Mangocoin and called as such.

4) Always use the full name (Mangocoin or Old Mangocoin). Any use of abbreviations should either use different symbols to avoid confusions or simply use old MCZ or new MCZ to avoid confusion.

Although new MCZ might mean hundredth of MCZ or thousandth of MCZ (mMCZ); avoid using it- for the same reasons "psychological"- to achieve the effect of changing denominations; otherwise, it would be even more confusions (and it would not even be a real change) and it would be definitely better to simply use a completely different name Cheesy