Quote from: DailyModo on May 21, 2014, 06:27:45 PM

Quote from: cryptopian on May 21, 2014, 06:15:01 PM

Quote from: Rnbin on May 21, 2014, 05:48:06 PM

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1-The coin price was below 100 satoshi, how do you expect it to go lower?

I was referring to the price a few days ago

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2-The distribution will be done in multiple waves, in order to participate in wave 2 you will either need to have kept your coins from wave 1 or be a new applicants. This is how holders will be rewarded more then the non holders.

(...)

I hope people can be more active in this thread. It is not because you only hold a coin longer or have paid for it that you deserve to be rewarded for it

contradiction ?

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4-We should stop talking about the price and the investments, right now the concept of yin and yang being 2 coins is pretty unique with a total coins cap of 15M it can easily go above 4-5k sat in the markets.

contradiction² ?

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when you work and help the coin grow thats when you should be rewarded imo

Aiding the trade volume by selling and buying, even when the price was >300s with the knowledge it was doomed to heavily drop, is helping imo. Especially because I didn't dump but kept them instead.

But nevermind, I wanted to bring up a point of my view and was hoping for some understanding. Don't want to devaluate or start criticism in a vulnerable stage of this flowering community, so i'll rest my case. I hope the best for the future and will not stop believing in this coin.

I felt the same way really, many invested at 300-500 sats and have seen it drop rapidly and i fear that by distributing a few million of each coin i think it's fair to say that a good portion of that will more then likely be dumped onto the market affecting the coins already fragile position. I think i would have probably preferred no distribution at all meaning less of that would go on. I honestly feel that just the very action of taking 3 million out of circulation from each coin could have provoke new interest providing the community publicised it.

But looking at the bigger picture, I was voting for yinyang all day yesterday on mintpal and it was nice to see it slowly climb from 61 to 57. the next few steps up are quite some way off though, and if distribution can create some renewed interest and support for the coins and voting them up then i guess that it would be worth it.

Listen i bought some coin in the 1200 sats in the 500 sats and in the 200 sat.

Right now the markets are frozen and the buy and sell orders are resetted which mean once the distribution will start we will be chosing our new floor by setting new sell and new buy orders higher on the market.

It is only 1M of each coins that will be distirbuted to 500 people as a first wave. If this 500 poeple limit is not reached the extra coins will be given to reward the holders.

But my idea was that, the 2nd wave would be there to reward the holders because in the 2nd wave only the people who have holded their coins and brand new applicants will receive the 2nd wave. This is a way to reward the yin yang holders and still be able to bring new members in the community.

It will be too hard for the op to individually track every yin yang holders right now because he doesnt know if these holders bought their coins recently or they been keeping them ages ago knowing most people are keeping their coins on poloniex there is no way to know who is an old holder or not.

This is why it is better to take this distribution as a reference, people who already hold yin yang coin will also be elgigible to receive a distirbution share this is for everyone not only for non holders. Then in the 2nd wave there will be new requirements to reward people and these requirements will advantage the yin yang active members and long time holders.

Right now i only see 1 problem with this community , everyone is thinking about his amount of coins but what is the point of having more coins when the price is this low??

just be patient here

1s step grow the community
2nd step create a higher market price
3rd step reward the yin yang holders
4th step introduce more and more features

this is how this should be done there is no time for individuality right now.

I whole heartedly agree with what you say there. I have been doing the same as you, buying up at whatever price they have been at, using profit from my daily trading to snap some up, often buying straight off the sell wall just to keep the price up. I'm not particularly bothered with what i hold or what they're worth right now, as i've always seen buying them under 1k sat a bargain compared to what its value really should be, i think i was just more concerned with it dropping quite badly in terms of being delisted if distribution was to be dumped on it and push it out further. I mean it was already struggling to keep above 100 sat with no real sell pressure.

I think it will be fine in the end, when i first joined the thread everything was up in the air, talks of new coin and transferring coins to the new one and various other ideas. at least we have a plan and some direction now, destroy some coins, distribute others, growth of the comunity, and the rest should take care of itself. Just make sure that on the new ANN thread our goals and aims are listed and clear for all to see so we can all be singing from the same sheet. As long as we all know what we want to achieve and how we are going to do it the coins should have a good future.