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NXT has unresolved problem with early adopters who have most of coins. The value of NXT is completely unpredictable, you don't know if actual price is fair. The developers of NXT do great work, but it doesn't mean that the value on NXT is also great - if one of early adopter sell all his money the NXT could die...
Today, after I calculated that 700.000.000 NXT is holding by top 60 accounts I've sold all my NXT... It is impossible that this coin is worth $50.000.000 capitalization. The idea is great, but it doesn't mean that is worth so much money.
Re: [ANN] NEM -4 billion coins- Equal Shares for ALL - Registration thread (part 2)
Hi,
I'm translator and Android (junior) developer. If you want me to help in NEM promotion please add me for free - my work is worth much more then 600Nxt. Of course, I need a motivation - being stakeholder is good reason to join coding team. The choice is yours! ;-)
Best regards,
I'm translator and Android (junior) developer. If you want me to help in NEM promotion please add me for free - my work is worth much more then 600Nxt. Of course, I need a motivation - being stakeholder is good reason to join coding team. The choice is yours! ;-)
Best regards,
Re: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine
Does anyone knows what's going on with the first pool
http://elc.hackshardgaming.net/index
I successfully submitted some shares in the beginning, but I can't even log in to the website now. Have I been scammed?
http://elc.hackshardgaming.net/index
I successfully submitted some shares in the beginning, but I can't even log in to the website now. Have I been scammed?
I also lost my account. I'm afraid that this pool was hacked or admin took ELC for himself. ;-)
Do you know if ELC is deadcoin?
I am a business analyst specializing in IT projects. I have experience in implementing data warehousing and business intelligence systems. In my work i'm using UML and BPMN notations for business modelling and documenting customer requirements.
I could prepare for you analysis document for IT projects which implement bitcoins or other cryptocurrency.
Price - please contact on priv.
I could prepare for you analysis document for IT projects which implement bitcoins or other cryptocurrency.
Price - please contact on priv.
I'm a programmer, I work for one altcoin days, but I have a few conditions:
1. The cost of producing the coins should be equal to 1000 kWh (or more) for the most efficient engine.
2. Cost of production of these coins should be stable in the future.
3. I would like to know who is a contractor and is he a trustworthy person?
Simple, but is it possible?
1. The cost of producing the coins should be equal to 1000 kWh (or more) for the most efficient engine.
2. Cost of production of these coins should be stable in the future.
3. I would like to know who is a contractor and is he a trustworthy person?
Simple, but is it possible?
Re: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine
Mat5X - Thank you for your comprehensive answer! :-)
PS. I think that the most important problem to resolve now is to find an idea how to create a market where new altcoin can be exchanged for services and other benefits. It is possible - on forum there are a lot of announcements like 'looking for programmer' or 'need help for create an new service' etc., but the market needs a little bit less anonymity and more trust. But how to fulfil these expectations in cryptocoins world?
PS. I think that the most important problem to resolve now is to find an idea how to create a market where new altcoin can be exchanged for services and other benefits. It is possible - on forum there are a lot of announcements like 'looking for programmer' or 'need help for create an new service' etc., but the market needs a little bit less anonymity and more trust. But how to fulfil these expectations in cryptocoins world?
Why not FRC?
Production of coins should take place on the verge of profitability, where the most important factor should be the price of energy. In the case of FRC appeared ASICs, the price is more dependent on the scale of investment than used energy. There is a risk that someone who has extensive resources will invest in mining farm and issue empty coins.
Buying currency at the exchange should be as profitable as its production.
Re: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine
Mat5X - Thank you for your comprehensive answer! :-)
PS. I think that the most important problem to resolve now is to find an idea how to create a market where new altcoin can be exchanged for services and other benefits. It is possible - on forum there are a lot of announcements like 'looking for programmer' or 'need help for create an new service' etc., but the market needs a little bit less anonymity and more trust. But how to fulfil these expectations in cryptocoins world?
PS. I think that the most important problem to resolve now is to find an idea how to create a market where new altcoin can be exchanged for services and other benefits. It is possible - on forum there are a lot of announcements like 'looking for programmer' or 'need help for create an new service' etc., but the market needs a little bit less anonymity and more trust. But how to fulfil these expectations in cryptocoins world?
Re: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine
Demurrage does not decrease the value of currency and it does not reduce the purchasing power - it reduces the amount of currency you hold.
Right. I should be more precise.
Re: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine
Diff 1 = 1 coin
Diff 2 = 1 + 1/23 coin
Diff 3 = 1 + 2/23 coin
Diff 4 = 1 + 3/23 coin
...
Diff 24 = 1 + 23/23 coin = 2 coins
Diff 25 = 2 + 1/23 coins
And so on.
I suggest additionally to implement a demurrage fee. Demurrage gradually reduces the value of currency held: it is in effect a negative interest rate on currency in circulation. Both inflation (made by mining) and demurrage reduce the purchasing power of money held over time, but the market price should be stable:
1. price of coin should be much more correlated with energy price and GPU depreciation - 1 coin / 1 kW = const
2. demurrage, like negative incentives, makes that a currency would suffer more rapid circulation than competing forms of currency
Re: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine
Update of ELACOIN reward?
the main attraction and idea behind this coin is a proportional block reward to diff, but it's chunked off at 24 difficulty. we may or may not make it to that point.
to make it more attractive, i suggest we move up to unitary reward with difficulty. 1 diff = 1 coin (now). 2 diff = 2 coins. (rounded down).
we'd have to AGAIN repost code for this, and coordinate a blockchain fork.
i suggest we take advantage of FRC's difficulty recalculator too at the same time, if we're going to rely on diff so much. detailed here: https://bitcointalk.org/index.php?topic=202250.0
any thoughts? any veterans want to help manage migration to a new blockchain?
the main attraction and idea behind this coin is a proportional block reward to diff, but it's chunked off at 24 difficulty. we may or may not make it to that point.
to make it more attractive, i suggest we move up to unitary reward with difficulty. 1 diff = 1 coin (now). 2 diff = 2 coins. (rounded down).
we'd have to AGAIN repost code for this, and coordinate a blockchain fork.
i suggest we take advantage of FRC's difficulty recalculator too at the same time, if we're going to rely on diff so much. detailed here: https://bitcointalk.org/index.php?topic=202250.0
any thoughts? any veterans want to help manage migration to a new blockchain?
I think that it is good idea. The value of coin should be strongly linked with power needed to produce it. Now a lot of altcoins are massively produced at beginning and than, after few weeks, the new miner have to devote much more energy to mine the same quantity of cryptomoney. So, every day new alternative coin appears on forum...