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Showing 18 of 18 results by PreciousCryptos
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Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - Presale Started!
by
PreciousCryptos
on 21/07/2014, 06:13:14 UTC

 a little worry about that SYS mined per day will be worth ~7.6btc .

 According to the statiscs from Poloniex , there are only XMR, CYC,XBC,BBR trade volume beyond 7.6 BTC. most of coin are less than 3 BTC.

 Especially the Viacoin only 3.5 BTC trade volume today.

 I prefer to mining syscoin rather than buy it.


Why would you only look at one exchange (and specifically PoloniEx)?

Bittrex has 23 coins with over 7 BTC trading volume at the moment.
Cryptsy has 14, Mintpal has 13...

If you look at CoinMarketCap.com you will find 50 coins that have traded at 7+ BTC in the last 24 hours.

Hope that helps...
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - Presale Started!
by
PreciousCryptos
on 21/07/2014, 03:49:29 UTC
2. Someone said Moolah is 2 days old. Is that true? Can we trust them our money? Is it possible someone created the website to make IPO looks legit?

This are lies/FUD just trying to slow down the presale. Moolah has been around longer than most exchanges, it is FinCen registered and is a legit business with multiple platform offerings. Look them up, their registered biz ids are on every page of their website. Additionally they have never been hacked while other exchanges have or have crumbled. They are definitely not only trustworthy, but secure.

I think he's referring to something I said and pretty much misunderstood what I was saying and why I was saying it.
It happens...

Basically, I was talking about the exchange platform on Moolah, which is a new feature on their site.

We have been around for quite some time, we are primarily a consumer/merchant platform. We recently relaunched our exchange platform, which may be where the confusion lies. We are registered in the United Kingdom and United States, and additionally with FinCEN and HMRC.

We have a little over 90,000 registered users at this stage.

And there you have it...
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - Presale Started!
by
PreciousCryptos
on 20/07/2014, 14:24:04 UTC
A few things and thoughts I'd like to add to this thread. Before I begin I should mention that I'm not associated with the SysCoin team or Moolah in any way. My opinions are my own.
 Cool

Moolah's exchange is very new. I think it's literally 2-3 days old, so the jury is out on whether it will be a successful exchange with high trading volumes in the future. Maybe it won't, but I expect SysCoin will be traded on other platforms soon enough, which is why this specific issue shouldn't concern people too much.

I personally haven't used Moolah for anything so far, although I have been aware of their site and services for quite some time. I've been following their progress, and generally speaking, I think that they're moving in the right direction and have a good grasp on what the altcoin scene requires and desires. I like their user interface and overall approach. Moolah is (obviously) more than just an exchange, so it's quite possible that a different part of their business will take-off and they will find their success in some "non-exchange" niche. And maybe they won't become successful, who knows...

 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

With that out of the way, I think some people in this thread need to take a step back for a second.
I'm not trying to call-out (or offend) anyone in particular, but be realistic with your expectations.

There are of course many legitimate and interesting questions being asked. However, everyone needs to remember that we're talking about a start-up company. It takes time to build a brand, gain recognition, become a trusted service provider, etc.

How long has it taken Bitcoin to be accepted by mainstream merchants? Bitcoin opened a door that will make it much easier for those that follow, but even Bitcoin has a lot of work to do before it becomes widely used/accepted.

On that note, when it comes to investing in start-up companies, at least as far as I'm concerned, there are two main things to take into consideration.

1. Do you believe in the product?

I think the answer to this question is pretty straightforward. We're all participating in this thread and forum because we clearly see the potential that cryptocurrencies and block-chain applications have. Whether or not SysCoin will be successful at marketing and selling their product is an entirely different question. That's why investing in start-up companies is a risky business.

2. Do you believe in the people involved?

This is perhaps the most important question. These type of ventures require a number of people with a range of different skills. From where I'm sitting, it definitely seems like the SysCoin team is well-rounded, professional, and meticulous.

Now, if these two boxes are ticked then it's really just a matter of calculating whether or not you (as an investor) are getting an equitable deal, and whether you believe there's a good enough chance you will get a decent return on your investment. Period.

 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Final Note:
Never invest/risk money than you can't afford to lose.
Post
Topic
Board Announcements (Altcoins)
Re: LIVE CAM SITE --- [ANN] [XXX] --- 100% PoS 33 MILLION --- BITTREX
by
PreciousCryptos
on 19/07/2014, 05:12:54 UTC
Because we are aiming for new crypto users (entertainers and consumers) we asked mymenace to make a infographic About the software and wallet. Does the Community have any feedback?

Should The wallet.dat storage be mentioned or should we make a vid About this? The pink XXX logo will be replaced once the wallet is updated

http://s14.postimg.org/ttcrmzc81/xxxcoin_infographic_wallet_a.png

I don't think I've commented on this thread before but I have been following it for a while...

Just thought I'd mention a couple of small (nit-picky) things that can be fixed with the info-graphic if it isn't too late.

- - - - - - - - - - - - - - - - - - - -

A) In the "Unzip" section it should be:
"If you are unsure" (or "If you're unsure") - NOT "your".

B) In the "Run" section I would end with the word "easily".
The way you have it now, with "easier", is grammatically incorrect.

C) In the "Address" section I would write either:

"Your address will be similar to:"
or
"You address will look something like this:"

Instead of:
"Your address looks similar to"

- - - - - - - - - - - - - - - - - - - -

Hope this helps...

I'm definitely looking forward to see how things develop with your upcoming ventures!
 Cool
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MAMM] MammothCoin|Anon Wallet Released - 1st X13 with SuperBlocks
by
PreciousCryptos
on 09/07/2014, 01:22:38 UTC

Well Done!

I've contributed to the subgroup by adding a couple of links from CryptoArticles.com and subscribing (of course).

Make sure the official website has a link to the reddit and twitter pages...
;-)
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MIN] Minerals - POS. Fair Distribution. E-SPORTS BETTING TEST WENT LIVE!
by
PreciousCryptos
on 06/07/2014, 03:24:51 UTC

SO ALL MOVE THEM ON REDDIT PEOPLE Cheesy so simple like BC
more constructive talk than constant price up price down...

bitcointalk is troll fest.

^^This.

Reddit is where it's at as far as attracting new people. Get a tipbot on the go a strategically drop some Mineral tips into r/Gaming (without being a pest). Watch it grow.

Great idea!

+/u/minerals tip 100 Minerals  Cool
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MIN] Minerals - POS. Fair Distribution. E-SPORTS BETTING TEST WENT LIVE!
by
PreciousCryptos
on 05/07/2014, 17:17:48 UTC

2. These stream betting pages will also serve as landing pages which will explain people who are new to crypto how to hop in to the party and start making bets. This will include a guide how to quickly acquire some Minerals through tipbots and faucets which will help people to their first steps. We would also love to give an option to buy Minerals with fiat money, but the chargeback problem is still unsolved. Maybe the community will be willing to help with this one. Somebody may even see a business opportunity in selling Minerals for paypal or credit cards for a small fee. We are willing to support any solution that will help people to purchase Minerals quick and easy.

Not sure if anyone suggested this but it might be worth looking at Moolah.io, CoinKite, ExpressCoin, or a similar service provider.

Approach them and see what they can do for you.  Wink

Just a thought...
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MAMM] MammothCoin|Anon Wallet Released - 1st X13 with SuperBlocks
by
PreciousCryptos
on 04/07/2014, 10:22:20 UTC
Just don't respond or copy his post. Everybody is just laughing to his claims. All was already explained to him, all problems that he has with youngmike and devs of supercoin, he should resolve this with him via PM.

The more he speaks, the more he loses his credibility...
Wink
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MAMM] MammothCoin|Anon Wallet Released - 1st X13 with SuperBlocks
by
PreciousCryptos
on 04/07/2014, 10:16:18 UTC

it matters if you make two coins copy and paste with the same tecnology. One of the two has to disappear. You know that. Competion is competition... Which coin the dev will let die?
I m going to have my lunch, I ll be here in a couple of hours

Okay, now you've lost me.

Do you know how many coins are duplicates of BlackCoin?
Dozens.

Do you know how many coins are copies of Bitcoin?
Pretty much all of them.

Do you understand the concept of open source?

You basically have no idea what you're talking about. Why should anybody care what you have to say?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MIN] Minerals - POS. Fair Distribution. E-SPORTS BETTING TEST WENT LIVE!
by
PreciousCryptos
on 04/07/2014, 10:07:36 UTC
I heard that the developer of this coin is Bernie Madoff [LOL]

It's amazing how much FUD cake people can half bake on this forum... Amazing!  Tongue
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MAMM] MammothCoin|Anon Wallet Released - 1st X13 with SuperBlocks
by
PreciousCryptos
on 04/07/2014, 09:57:29 UTC
the same dev of supercoin.. the same tecnology... Will rise Mammothcoin or Supercoin? Surely, no both. Conflict of interest, you know what I mean? This is "real", this is reality not what you think about my account

Does it bother you that Bryce Weiner has been involved with the development of multiple coins?

Really not, because I ve never been involved in any coin made by weiner... but look at now: dev developed supercoin and then there was lack of updates here in mammoth.. now he is focused in mammoth, so in supercoin he doesn't give a roadmap.. he is less active... this is conflict of interest, really unfair. He gains here and there.. investors, not. So, my friend, I don't see a future with this way to live the crypto world. Ask to my friend youngmike: days and days he did the troll in supercoin community... till when he opened my eyes... and I had my vision.. All became clear... So I am here now, like a new man.
With a vision.
With a plan.
With a project.

I need the truth

You think you have clear vision but you're blinded by a cloud of nonsense.

Here's why...

1. The fact that it bothers you that a developer would make money off of two coins is as absurd as telling an investor they can't hold more than one coin in their portfolio.

2. It would be ridiculous to tell a business person that he can only start one business, and even more ridiculous to tell a freelancer he can only work for one client.

With that said, it would be nice if the developers clarified whether your claim is true or false, but I honestly don't care either way. The developers of Super Coin & Mammoth Coin are quite literally a beacon of light in the altcoin scene.

This industry is full of scammers and douches, so even if they are the same person (or group of people) it doesn't really bother me. It shouldn't bother you and it really shouldn't bother anyone.

Neither of these coins can be faulted for doing anything inappropriate so far, so why should this matter?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MAMM] MammothCoin|Anon Wallet Released - 1st X13 with SuperBlocks
by
PreciousCryptos
on 04/07/2014, 09:40:59 UTC
the same dev of supercoin.. the same tecnology... Will rise Mammothcoin or Supercoin? Surely, no both. Conflict of interest, you know what I mean? This is "real", this is reality not what you think about my account

Does it bother you that Bryce Weiner has been involved with the development of multiple coins?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MAMM] MammothCoin|Anon Wallet Released - 1st X13 with SuperBlocks
by
PreciousCryptos
on 04/07/2014, 09:29:26 UTC

I'm not sure I understood this.
There will be 25 million coins. Now 75% of those are mined  ? How long did it take?

Thanks Smiley

The 25 Million MAMM number comes from the 5+ Million PoW Coins plus the projected PoS coins that will be generated over the next few years.

Have a look at the Block Explorer: http://chainz.cryptoid.info/mamm/ -> You'll notice that in the "Extracted By" column there are currently more coins created through PoS than PoW.

The simple way to look at it is that in just over a month the PoW stage will end.

The amount of coins that will be created from PoW (and only PoW) is 5,347,300

The reason we are already at 5,318,675 MAMM is because people (smart people) have put their coins in their Wallets, where they are currently accumulating interest (50% per year).

Hope that helps clarify things... Wink
Post
Topic
Board Announcements (Altcoins)
Re: VeniVidiVici Coin X11 5 days pow and 20% pos [Innovative multipool ready !!]
by
PreciousCryptos
on 03/07/2014, 10:32:57 UTC
My new wallet seems to be synced and working properly for the last hour or two.

I removed all of my coins from it when the problems started (they are currently on BitTrex) and I will probably transfer them back soon (for staking) if everything continues to run smoothly.

As far as the future of the coin goes, I like the idea of having the investors/community vote for the the kind of features they want.

I think that one of the most important things (especially when it comes to newer coins) is to keep the community engaged. And by getting people to vote for new features it will create a natural positive buzz about the coin, and build a committed and supportive community around it.

Another important thing is to post updates regularly, even if it's just a few sentences about the progress on a project, a fix, an interesting communication with an exchange, merchant, service provider, etc.

Either way, I like this coin and the main reason is because the developer is upfront and seems to truly care about VVV.

It makes me care...

Much Respect!  Cool
Post
Topic
Board Announcements (Altcoins)
BurnerCoin on Coin Telegraph
by
PreciousCryptos
on 20/06/2014, 14:54:58 UTC
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][GUE] Guerillacoin - Fast Coin - 1 Min Blocks - X11 PoW/PoS 2000GMT Launch
by
PreciousCryptos
on 18/06/2014, 18:47:08 UTC

How about logo contest?  Roll Eyes

dont like the current logo ?  Cool

It's actually better than most  Grin
Post
Topic
Board Altcoin Discussion
Re: [BOUNTY] [VIA] Viacoin Logo Contest
by
PreciousCryptos
on 16/06/2014, 17:02:21 UTC
So I honestly can't decide between these two
 Huh



Either pipipipopopo or mymenace should win as far as I'm concerned.
Fantastic work!  Cool

Great effort from everyone and much respect to all who participated...
Post
Topic
Board Announcements (Altcoins)
Re: ProvenceDay • [ANN][SUPER] SuperCoin
by
PreciousCryptos
on 16/06/2014, 05:58:01 UTC
Supercoin Long Term Development Advice

hi Supercoin Community

i am provenceday, truly, i have some amount Supercoin(i also have more than 100 posts on this thread).  Although i try to be neutral, but still some advices from me may be very subjective. Please Don't soak up everything uncritically.

about me, i have involved with coins more than 2 years, and mining and holding more than 100 altcoins at least. Also i am running 2 biggest Multipool in China. so i just want to share some experience with Community.


1  Whether Supercoin is a good coin or not?

For me, i believe Supercoin is a good coin deserve to hold. Because Supercoin has a dedicated dev team, yes dev team is the vital to Altcoin (not for bitcoin Grin), if dev team abandoned a altcoin, then the altcoin may not go far. Luckily we have a dedicated team behind Supercoin. Everybody in Community know this.

Supercoin is a pow/pos separated coin with some lucky Super pos block, then everybody will want to open their Supercoin Wallet for super block which can accelerate the transfer confirmation. so supercoin has a very fast confirmation, 6 confirmation less than 2 minutes, it's super fast.
But if you also involve in XC coin Community, you will know XC has a very very slow transfer confirmation, some time it may take 1 hours to get 6 confirmation. because XC coin has a very low Pos Rate(3.33%,but good for price)and some shortcomings on their POS  mechanism.
Supercoin are also also developing Anon Wallet, and has released the alpha Version for public test. it's a big thing. if you innove in altcoin more than 1 years, you will Know Anon feature is hard to accomplished. That's the reason why darkcoin and XC coin still only have a test Anon Wallet. As i know (maybe i am wrong), only Darkcoin and XC coin and Supercoin has a Anon Wallet now(not included Cryptonote technology coin, such as bytecoin or XMR). So that's prove we really has a professional and high-level dev team.

2 Which factors influence the Altcoin price?
Truly, demand decides price in free market. but for Altcoin, mainly 2 things influence the Altcoin price.(i posted this before)
 First is coin inflation, because everyday if we have 0.3 Million supercoin, if the price hit 10K satoshi, you will need 30BTC buying support, that's ok with current circumstances, but if the price hit 100K satoshi, you will need 300BTC support everyday, so it's impossible for nowdays coin, that's the reason why Dark and XC and VRC coin has very low inflation(that's also lead they have a much higher price than Supercoin).
 Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit. and because i am running the 2 biggest Multipool in China,(more than 100G scrypt and X11 hash rate) i know exactly how Multipool works, everyminus Multipool will detect the all coin listed on all exchange platform(if they have a open api), then based the advanced profit Algorithm, they will decide to mine which coin, then they will mine it and dump it ASAP for bitcoins, because they must pay miner bitcoin everyday. otherwise miner will leave, also if miner can not get more profit than mining LTC, miner will also leave, because they can mine LTC instead. From my observe, at the recent 3 days, mining Supercoin is the most profitable thing, it have at least 50% premium than just mining LTC coin. so why not mining Supercoin and then dump it ASAP? it's really a good business for profit!but it's a disaster for Supercoin price.

3 Why same concept Anon coin has much higher price than Supercoin?

Dark price is 0.017BTC (4,387,505 DRK)
XC price is 0.0015BTC (5,512,780 XC)
Vericoin Price is 0.00011BTC (26,768,365 VRC)
Supercoin price is 0.00002995BTC (11,811,810 SUPER)

i do not want to say more, from these statistics, you can make your decision.

4 Price prior or Development affairs prior?
Guys, we are not at 2011,which we has less than 10 Altcoins, we are in 2014,, we have more than 333 Altcoins on coinmarketcap. even bitcoin, if the price keep dropping, most of people will leave. Further more, if the price is higher, then we maybe stable later, we will draw more resource for long term development, it’s a really good thing. that's why dark and XC can not be defeatd easily. Nowdays, innovations need more resource Support.

5 What does mining means for Altcoin?
Now we have the POS algorithm, even without mining, the network is secure. mining is just a way for coin distribution and not very environmentally friendly,do you know how many electricity been wasted by mining bitcoin? Bitcoin Mining Uses $15 Million's Worth Of Electricity Every ...i do believe if satoshi has a better way to distribute bitcoin, he will not choose mining method.

6 what does Multipool does everyday?
i am running some Multipool, i know it. Multipool is vampire. they will bleed white everycoin's profit until they turn to mining LTC again.

7 Should we reduce the block reward more quickly?

i have proposed 2 times to reduce the block reward.
First time, i post this
DEV we need quick Halves, other wise Multipool will keep dumping their coins until pow period ends...


you can also check dark thread, at first the reward is 500coin then reduce to 25 coins after they realised the Multipool dumping.

similar thing happened with XC coin. they ends their mining period soon after they realized Multipool keep dumping

Further more, POS mining is a more greener  way for coin distribution, it do not need GPU cards and waste electricity!

what's the meaning of pow period?

Halves block reward to 64 coins, Please..

I understand your point and concerns, and we will seriously consider your proposal. We know this is what happened to XC and other coins. We will protect the best of our community's interests against multipools. The Supercoin dev team will make a decision on this matter. Thank you for your great support to us.

Dev,Thank you very much! that's the reason:

thanks for your quick reply dev.
i have engaged with altcoin more than one years, have seen so many good coins just killed by Multipool.
i do hope supercoin has a bright future, because we are super!

From my altcoin experience, there are 2 things are really bad for altcoin.

First is coin inflation, because everyday if we have 0.3 Million supercoin, if the price hit 10K satoshi, you will need 30BTC buying support, that's ok with current circumstances, but if the price hit 100K satoshi, you will need 300BTC support everyday, so it's impossible for nowdays coin, that's the reason why dark and XC and VRC coin has very low inflation. i also hope supercoin has a lower inflation.

Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit.

so based the two reasons, i would like to advice to reduce the block reward more quickly and keep the total amount fixed or also can reduce the total amount. otherwise the price is not maintainable.

so how about reduce the block reward every week and at some point keep it at a low block reward?

so now we have 512 coin block reward,
512--》256--》128--》64 ends (4 weeks)
or
512--》256--》128--》64--》32 ends.(Multipool will not profitable any more and keep lower inflation also small miner will mine this coin)(5 weeks)

if we have a lower block reward, people would keep their coin for pos mining, it‘s a better and greener way for coin distributing than Multipool control the coin supply.

But it seems dev are more mild on reduce block, i am more radical. Dev decide to reduce block more quickly, but choose to halves every 10day, at first the halve is every 45 days. After this Announcement, the price rise from 1k satoshi to 4ksatoshi.

Second time i posted this 2days ago:


Community can vote for weather to reduce block reward more quickly.

i do advice Supercoin can update source code again tomorrow, and reduce the block reward to 64 Supercoin or 32 Supercoin directly and then halves everyweek, until we reach 2coin or 1coin block reward, then we can end the pow and turn to a pure pos coin.

we do not need to suffer another 1 month Multipool dumping.or it may kill the young and promising Supercoin

Community can discuss this issue.

it seems both Darkcoin and XC coin make successive update to face Multipool's dumping, we may also need to make a tough decision again.

Thank you very much. welcome any comments on this advice, good or bad? Dev and Community together make a decision for a better Supercoin!


Also dev is very busying at Anon Wallet test on sunday, if we can reduce block reward first, we can put off another two days for Anon Wallet test, i believe Community will Support this.
Thanks for your Support.

But dev are too busy to test the Anon Wallet, so they do not take further action on this.

8 is it unfair to reduce blockreward again? or any risk?

even you are a miner mining Supercoin now, it‘s unfair for you, because you can not get many Supercoins with Multipool control the more than 80% everyday's coin supply, also Multipool keep dumping, the price will go lower and lower, you mining Supercoin may can not afford your mining cost now. is that fair for you?
if you are a Supercoin investor, it is truly unfair for your investment, because Multipool take the most part profit on all Altcoins. you investment wroth less everyday. it's unfair.
if you want to join Supercoin Community, it’s unfair for you to buy a coin and that coin price goes lower later.

risk: if we can handle this correctly, it may not take risk on Supercoin development, because many Altcoin update their source code several times, such as Darkcoin and XC coin.

9 Further development plan advice?

0 decentralized Anon system and trustless mixer
1 more application on Supercoin
2 Mobil basd payment system
3 Merchant adoption
4 media report
5 grow Community
6 keep adding new function on Supercoin
7 charity Fund

Thanks.

Thanks for taking the time to write this post, it is both insightful and very informative.

It's always interesting to get different peoples perspectives, especially those who have a lot of experience in the altcoin world and are active in a space that is completely different to what I do.

Much respect!