Post
Topic
Board Announcements (Altcoins)
Re: [ANN][RELAUNCH] Yincoin/Yangcoin ☯☯ Destroying Coins|Distributing Coins|Big NEWS
by
YinCoinYangCoin
on 04/06/2014, 22:45:06 UTC
I could very well do this, I personally have no problem buying back Yin/Yang from people. The plus about this, is that I will not have to associate Harmony with Yin/Yang at all. I agree with this, and once the IPO sells out, I will buy up 12mil Yin/Yang. This idea also means that Yin/Yang won't just be dead now. It will mean Yin/Yang can continue as a coin.
Damn i'm glad we're on the same level, writing that costed me way too much valuable time with upcoming master exams for this to be ignored :p

I was going for the same idea, indeed, it'll be less associated with yinyang. There's still an association though because the remaining yinyang coins (those not spent to IPO, or if people prefer to hold) could still be available for the swap ofcourse. But that's cool since yinyang's reputation will be restored. No problem in having an association with it !

Yinyang is not supposed to keep living though. Give yinyang a proper funeral by buying it out and hold/destroy those coins. You can leave the yinyang episode behind you with a good ending, and have a start fresh with harmony. With a purified reputation. Keeping yinyang alive, there's no point in doing so. The coin will just die AGAIN, better to phase it out yourself at a healthy point. Best/only way to finish that project succesfully, you'd probably be (one of?) the first altcoin creators that actually succeeded to finish a project AND satisfy the investors. What better way to start with a new coin ? Who wouldn't want to take part in Harmony ?


Ofcourse you MUST have a transparency of your trades (IPO AND Yinyang). The community must be able to see there's a ratio of 8/1 between yinyang's bought and IPO harmony sold. If not, there's no point in doing this or no one will be able to check if the yinyang is actually being bought. I suppose it's hard to do this with Polo addresses. But i'm sure there are ways of doing this. Maybe you could put all the premine in one wallet first, or even destroy it with the method you mentioned in the thread before. Then afterwards, provide another wallet where you send all the bought yinyang to. And make sure the community can follow everything with the blockchain. (i'm sure there are better and more transparent ways of doing this, but it's just an example you can build further on if you wish).

This is how I'm doing it. I'm going to buy Yin/Yang back when the IPO finishes, and then set a buy wall on yin and yang to let people dump on me. I will be buying 12mil coins, just like the original swap plan. This allows everyone to be guarenteed to get their money back. Please do not comment about Yin/Yang in the HarmonyCoin thread when is it ready though. Just keep all focus on HarmonyCoin. The funds used to buy back Yin/Yang will only be a small part of the IPO, so all other funds will be used to take HarmonyCoin to big places.


it should be simultaneously! If you start buying Yin/Yang back only after the Harmony IPO is finished, the original idea of a 1:8 swap will only work if the Harmony price stays stable, which won't happen as we all know. If Harmony goes up as to be expected, then the old Yin/Yang holders are screwed.

Trading in both coins should only be allowed to start/resume once BOTH "IPO's" are finished.

I can promise that I will buy back Yin/Yang from the community members via the markets on Poloniex. Everything I have done for yin/yang is to help the community, so I will not just let them lose their money. I can start buying a little bit of Yin/Yang simultaneously with the IPO. The IPO should be launching tonight though guys, so you will not have to wait long to make back your money. Please have some trust in me. the IPO will be for over 150btc which if you look at what DCM just did on Bittrex is VERY possible. I will be buying back all 12million Yin/Yang at a fair price.