Quote from: logi on March 31, 2014, 05:27:05 PM

Quote from: logi on March 27, 2014, 08:01:13 PM

The market is depressed because of yet another fake announcement from China about a Bitcoin ban, that has already been withdrawn. Conveniently, they waited 6 hours before withdrawing the statement.

The price now is barely above IPO price so I see no reason why anyone would sell now. I just spent my remaining BTCs to buy in. Even if manipulators manage to knock it down a bit further, it will bounce back. In only 4 months the block reward is dropping to [1, 8] range and I am very curious as to what will happen then Grin

Quote from: renzhf on March 31, 2014, 01:08:55 PM

The market is depressed because of yet another fake announcement from China about a Bitcoin ban, that has already been withdrawn. Conveniently, they waited 6 hours before withdrawing the statement.

The price now is barely above IPO price so I see no reason why anyone would sell now. I just spent my remaining BTCs to buy in. Even if manipulators manage to knock it down a bit further, it will bounce back. In only 4 months the block reward is dropping to [1, 8] range and I am very curious as to what will happen then Grin

That's really cute, renzhf. Crossing fingers that someday you find an original thought in your head.

To answer loicatraile, we are going through 3 phases. The first, Mint, is over when 45m HVC is minted. The second, Limit, lasts 56 days, regardless of the number of coins minted in that period. During the first 2 phases block reward will be in the [1, 1024] range, depending on the votes. In the third phase, Sustain, the block reward drops to [1, 8] range. A bit of math and guesswork works out to phase 3 beginning in about 4 months.

Source: http://heavycoin.github.io/about.html

Thank you! now im updated Cheesy