Quote from: quasimodo on July 25, 2014, 06:35:17 AM

TheMightyX is a scammer and liar.

He stole my PMPs.

Even kbroadfoot, one of the largest PMC supporter and former member of PMP distances itself from him.

https://bitcointalk.org/index.php?topic=665048.msg8007241#msg8007241

TMX, give us our coins back or i will open a scam accusation and proof all. I show people what you have done "behind the scene"

Quote from: TheMightyX on July 08, 2014, 09:24:50 PM

All right guys,
For reasons that will become obvious I decided it would not be wise to post this in either the PMC or the PMP threads,

Let me save you the trouble. I have nothing to hide.

Quote from: TheMightyX on July 08, 2014, 09:24:50 PM

All right guys,

For reasons that will become obvious I decided it would not be wise to post this in either the PMC or the PMP threads, as the entire crypto community would see and could create FUD surrounding our project. That is the last thing we need at this delicate stage so please keep this message confidential.
I believe there is a 10 recipient maximum so I am sending this to you in chunks of 10.
here is the list of everyone who I've sent to, if you wish to reply to everyone, please do so but remove my comments as they are super long.

"bungholio",'quasimodo","Matt9301","equamobi","kbroadfoot","yogibaer","davidcc6","saugwurm","Mr_Crow"
"nexter","_CR_","uzer23","kingscrown","Nullu","Burninj","hilgi","iGoodwin","anotherlateminer","adsoyo"
"salsacz","hazubai","maardein","Seidr","elrapido"

Got some news that might seem disruptive, its not really.
When we started we made some arbitrary decisions that have come back to bite us in the ass.

I will explain as best I can.

When we began, I was focused on future plans, so much so that I gave very little thought to how these swapped coins should be distributed. We hastily agreed to a 1:1 swap ratio to focus more on creating and expanding the project. In our oversight we made certain decisions that will put a large number of people at a great disadvantage and put the longevity of the coin and project into jeopardy.

What I'm talking about is the coin distribution and to a lesser extent the swap ratio.
Calculating the data from the giveaway so far (just under 400, after less than a week), it is realistic to assume that the majority of entrants will be receiving less than 100 PMP. In fact it is more likely that new community members will be receiving less or roughly 50 PMP on the giveaway launch. By month 2 that amount will drop to less than 20 for new members. By month 3 we are looking at less than 5 PMP, and subsequent months less than 1 (You heard that right). New members who join the community after two months from now will be receiving less than 5 PMP.

Here is the problem:

Quote

We will have an estimated 800 members by the end of the month probably more.
800 members will be sharing 80,000 PMP.
This is 100 PMP each.

By month 2 we can assume at least a doubled community size based on community marketing/growth and expansion. For arguments sake lets say 2000.

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By the end of month 2 we will have at least 2000 members.
2000 members will be sharing 80,000 PMP.
This is 40 PMP each.

And so on and so on. As you can see, the distribution mechanism ensures that scarcity increases which in turn should drive values upwards. The problem is, if 20 PMC holders (us) hold over 50% of the available currency on day one, the value of the coin will never rise because all it will take is one single PMC holder to crash the price. And with over 20 whales we can't expect the price to rise because every time it does we will have a whale selling out a chunk of his PMC stash. We will all be mega whales (some more than others)...

It should be known that some members hold upwards of 8000 PMC (myself being one of them).

We can't in good concience benefit ourselves so much, and give little to nothing in return but crumbs (there is no other way to describe this scenario, crumbs).

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"PreminePlus will strive to be a true egalitarian system where no one person has an advantage over another".

This is what I wrote at the beginning of the Launch ANN. If we continue on our current course, I will have made a liar out of myself and the currency. I have plans that when come to light will allow us to be a truly self-sustaining system and community. This system MUST be built on a solid foundation or it will decay and eventually crumble. If we abuse our position of power in this instance we will be just another unfairly distributed coin, with an unfair system benefiting just a few. I believe in fair and realistic compensation. PMC holders should be benefitted, but in a realistic manner. Can we really say with a straight face, that we should be entitled to 50x-100x what the new community members receive? on day one?

I don't expect everyone who swapped PMC to return their PMC, and I don't expect everyone would be willing to. It certainly wouldn't be fair for some members to comply with the new guidelines and others not. In any case what I do propose is as we are spreading out the distribution of giveaway coins over a 6 month period (with coins being alotted each month), in the name of fairness we do the same with the Swapped coins over a three month period.

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For example, the swap window is 3 months, so we would give out 30% of your PMP alottement on month 1, another 30% at month 2, and the remaining 40% at month 3.

This way we abide by the same rules we apply to the new community members, no one getting special treatment and we protect ourselves from any one of us dumping a massive amount of coins. I can't see any valid argument to this but if for some rediculous reason you think of one I would be happy to hear it.

Secondly what I propose is that we reduce our swap ratio from 1:1 to 3:1, 5:1 or 10:1.

...

etc etc etc

I'll cut it off there as its about 3 times as long, but everyone can get the general idea of what I was trying to achieve. I realized a flaw in the swap distribution plan and tried to do the right thing and fix it.

At the end I asked the community to vote for one of those proposed ratios and we had a majority vote in favor of 3:1.

As everyone can see, I am trying to increase fairness for the new 800+ members and protect the longevity and potential of the coin.
You along with 3 or 4 others, would rather risk destroying the coin, just to preserve an arbitrary number I set in the beginning, before designing the distribution model. The 1:1 ratio was to be paired with the initial distribution strategy which was redesigned over a month ago. The swap strategy was not redesigned at that time.

The new distribution model gives less coins to more people, its only fair that we get less coins as well or else what we have done is reduced their coins but not our own.

If you still want 1:1 swap ratio we would need to increase the coins for the new members by at least 3 times. Rather than inconvenience 800+ people with a higher max coins, it makes more sense to inconvenience ourselves (all 24 of us) with a lower swap ratio. You are so shortsighted to think that you and me and the rest of the 24 member PMC community are more important than the new PMP community. Have fun telling that to 800+ people Cheesy

Without them we are nothing and if we were to go ahead with the flawed swap model we would alienate all of them.

And you also think blackmailing me will get you what you want. Maybe you should have voted over the past 10 days instead of waiting until after the community vote to voice your irrational opinions?

Quote from: quasimodo on July 24, 2014, 10:07:56 AM

Quote from: yogibaer on July 24, 2014, 09:32:34 AM

quasimodo you should have received a PM from TMX on July 8th like me and others. There, everything is explained why the change would be necessary and so on.

Yes i have received, but I only noticed four days later. I don't take time to read the endless messages of TMX.
For sure TMX can explaine to all why he has not make a official announcement of this changing.
I know the first part of his message.
I'm waiting of a official statement in this thread. Otherwise i will open a thread with a scam accusation.

edit: @ yogibaer

Es geht mir nicht um die Coins. Diese selbstgerechte, besserwisserische, schulmeisterliche, arrogante Art von TMX
geht mir unglaublich auf den Senkel.

"I don't take time to read the endless messages of TMX."
Well, I'm sorry but I can't help you there Roll Eyes

The community voted, the majority agreed, end of discussion.
This wasn't even something we needed to vote on because it was so obviously the right thing to do. Frankly, the fact that I have to try to plead with you and reason with you that something so obviously right is the right thing to do disgusting. You should be ashamed of yourself.

Bringing this to light only makes you and the 3 other PMC members who were against these decisions look like selfish assholes.

I am working my ass off for this coin, with very little help from anyone, and you treat me like this?
What the fuck is wrong with you? Are you autistic?
I've tried to reason with you but you won't listen to common sense for whatever selfish, arrogant, immature reason.
I should take your PMP and throw it away as you seem so intent on badmouthing and hurting this currency, but because I'm obviously the only mature adult among us, I wont.

You want to rip off these 800+ people.
You think you are going to get any support here? Cheesy

Don't ever try to threaten me or blackmail me again you selfish, arrogant little prick. Everything I have done is to benefit you and those 800+ people and to create a more fair and ideal currency.