Quote from: qiwoman2 on August 14, 2014, 04:34:16 AM

Quote from: pseudonymdude on August 13, 2014, 11:26:38 PM

Quote from: Conurtrol on August 13, 2014, 11:22:05 PM

Quote from: pseudonymdude on August 13, 2014, 11:17:24 PM

Quote from: Conurtrol on August 13, 2014, 11:07:46 PM

Quote from: poornamelessme on August 13, 2014, 11:04:26 PM

Quote from: Conurtrol on August 13, 2014, 10:58:30 PM

Yeah, agreed on Dark, it looks like XCurrency will be the one. I don't want to waste a penny on coin features. I see this coin as more of an investment fund that happens to be a coin. I'd like to see the whole 100BTC from the ICO put to work making money for us. That will pay us bigger dividends and then the price will naturally rise.

I haven't followed all the Xcurrency stuff, so don't know their status or if they are truly anonymous.

We'll have to agree to disagree on new coin features. Problem is, crypto people won't have patience for that. They already don't have patience and it's only been a couple of days. Folks should have just bought some mining contracts on cryptsy or a mutual fund, instead of crypto then.

Bigger dividends only matter when a coin's price is stable. It's sort of like POS. It's great to say, hey, I'm getting 10-15% back yearly on my investment. But only if the coin's price doesn't go down like 33% in the meanwhile (or at current prices much more than that). People simply won't be patient enough.

Hence why I think some new coin features will be needed.

POS interest dilutes the value of a coin through inflation(creation of new coins). This is different. We will be getting actual dividends paid in Bitcoin. The higher the dividends, the higher the price of the coin will become.

What do you think about using a little bit of the ICO funds to put up a buy wall at .0001 and burning all coins purchased?

I really think it's pointless right now. If the first month's dividends are good then the price will rise dramatically. We should invest every single Bitcoin to maximize potential returns.

Last time I'll post this as people don't seem to get it, but here it is again:

Any coins they burned would not receive a dividend. Any non-burned coins would have their dividend increased by the previous dividends of the burned coins.

For instance, if the dividend was 100 BTC a year (100% profit), each coin would receive (100/500,000 =) 0.0002 BTC a year.

If 25 BTC went into burning half the coins and the dividend was only 75 BTC (100% profit), each coin would receive (75/250,000 =) 0.0003 BTC a year.

If 49.999 BTC went into burning all but one of the coins and the dividend was only 50 BTC (100% profit), each coin would receive (50/1 =) 50 BTC a year.

But if all the coins get burnt save 1 who would own that one coin? maybe it's late for me so I am not thinking straight ..Please explain it to me tomorrow.. Just interested to see how this would actually work in theory.

Not to get into a whole thing again, but the true believer or believers who don't sell at .0001 would own that coin. That's just theory to explain the concept. The truth is that you wouldn't actually be able to buy up all the coins at .0001 because there aren't enough people willing to sell at that price. You wouldn't even be able to buy up half the coins at that price. However, any coins you can buy at the price helps everyone because you allow weak hands to leave and you increase the dividend potential for anyone who holds. (You also decrease marketcap, which is good, but I didn't want to bring that up because of the arguments people were making.)

If you were able to buy up 499,999 coins at .0001, it would be great because then you would have the remaining 50 BTC behind that one coin. Let's say you made 10% of that 50 BTC in a year or 5 BTC. Anyone who owns a piece of that coin would receive a dividend at the rate of 5 BTC/coin.

If you go through the last 8 pages or so, I try to explain this in multiple ways. Here's another way I tried to explain it: https://bitcointalk.org/index.php?topic=711987.msg8330176#msg8330176