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Showing 20 of 72 results by UltraMegaMan
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Topic
Board Service Announcements
Re: 50 USD give away, Introducing Binary Fund EX platform!!
by
UltraMegaMan
on 31/05/2014, 21:08:11 UTC
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|10% per day in 5 days|New wallet
by
UltraMegaMan
on 06/05/2014, 18:03:37 UTC
The charts looks better Wink It seems that the ground had been hitten and the worst part is behind us Smiley
Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy LOL! Somehow I don't think so.
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Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|10% per day in 5 days|New wallet
by
UltraMegaMan
on 06/05/2014, 12:28:34 UTC
Hehe I send message to Cryptsy on 3 accounts =). Got reply:

Hello 1211,


Thank you for introducing me to this coin.
I have submitted your coin to our development team who will review it
to see if it meets our requirements for addition to the Cryptsy exchange.
If there is anything else I can do for you, please let me know.


Sincerely,
Ginny
Cryptsy.com
It's just an auto-response.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 04/05/2014, 21:45:16 UTC
If we want SUCCES for this coin, then we need more MULTIPOOLS.
If we are short in multipools, then after staking period is over, everyone will try to sell his own coins,
and if there is no one (like multipool) , who will buy those selling coins,
the price will drop to
"0" and our summer coin will be delisted from Bittrex and or other stock markets.
Eventually we will left over with worthless coins in our wallets. Sad

So someone must do something or we are all scrued.
Yeah it's a waiting poker game, once someone decides they made enough percentage gain they will cash out and everyone will follow.
How long until someone bottles it? I think some already have 21%... perhaps more. Remember that interest is compounded. You are likely to be left with worthless coins before the 10% daily interest is up, doubt everyone will hold until the end but if they do then it's a mad dash to the finish line (flatline i.e. ZERO).

it costs almost nothing to keep this coin staked. keeping wallet open while mining in mulitpools for other coins which pays out in SUM is all profit.

these people just want to buy up cheap coins.
What is your point? The scenario still plays out, after 7 days of 10% compounded interest some will have nearly double the amount they started with. You know how compounding works? Even without compounding it's a straight up gamble of who will cash out first. Who wants to buy a coin that could be shat all over at a moment's notice?  Huh
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 04/05/2014, 20:16:12 UTC
If we want SUCCES for this coin, then we need more MULTIPOOLS.
If we are short in multipools, then after staking period is over, everyone will try to sell his own coins,
and if there is no one (like multipool) , who will buy those selling coins,
the price will drop to
"0" and our summer coin will be delisted from Bittrex and or other stock markets.
Eventually we will left over with worthless coins in our wallets. Sad

So someone must do something or we are all scrued.
Yeah it's a waiting poker game, once someone decides they made enough percentage gain they will cash out and everyone will follow.
How long until someone bottles it? I think some already have 21%... perhaps more. Remember that interest is compounded. You are likely to be left with worthless coins before the 10% daily interest is up, doubt everyone will hold until the end but if they do then it's a mad dash to the finish line (flatline i.e. ZERO).
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 04/05/2014, 20:10:01 UTC
Ok guys, we have 10% POS working, but that's not all! Cheesy
Today I have received an email from Cryptsy with response:

"Thank you for introducing me to this coin.
I have submitted your coin to our development team who will review it to see if it meets our requirements for addition to the   Cryptsy exchange [...]"

Looking good, doesn't it?  Grin Write to Them with proposal to add SummerCoin too! The more requests the more strong they become! Take care guys Wink

Standard auto-response
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Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 04/05/2014, 20:02:05 UTC
Damn I wish I could short this coin, guaranteed enormous bowel movement when 10% is over (or perhaps slightly before CoolCheesy
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 03/05/2014, 13:42:56 UTC
Tell me if I have this right - New coins given as interest will require 24 hours to mature, so total simple interest rate after 7 days of compounded interest will be 17.71561% less.
This is what would happen if there was no waiting for maturation:

7 Day simple interest rate after compounding at 10% daily = 94.87171%
Day%
110
221
333.1
446.41
561.051
677.1561
794.87171

With waiting for maturation:
7 Day simple interest rate after compounding at 10% daily = 77.1561%
Day%
110     1st day new coins are immature.
210     1st day new coins mature, added to interest calculation
321     2nd day new coins mature
433.1     3rd day new coins mature
546.41     4th day new coins mature
661.051     5th day new coins mature
777.1561     6th day new coins mature - so not included in compound interest calculation (@ 10% daily simple interest)

So if it works then you have to wonder at what point people are going to bail out and cash in their chips Cheesy
And if price will decrease greater than interest received...
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 03/05/2014, 10:24:48 UTC
I got a POS block after block 13441 and it was for 1 sum I have over 20k that is not 10% of my coins. Not to mention the time of me staking keeps getting pushed back. I can only guess cause people are putting new coins in and so that makes it so I have to wait longer? How is that fair you said 10% a day I should be getting 2k a day and instead I"m not getting that.

Price has dropped super low and conveniently there is no block explorer. And no one is going to waste their time making a block explorer for 500 sum which is practically worthless right now. You need to make a worthwhile bounty. .00434411 BTC are you kidding? a little over a buck!?!? I bought 20k @ 2400 expecting to increase my coins by 70% the original post said 10% a day for 7 days. Now it has been a day and were already on block 14928 and a bunch of people are saying they have not got 10% stake including myself.  

So stakes works that if you have more coins you get stake more and faster? That seems completely unfair.
It would be more than 70% mate, due to compounding.

10% over 7 days:
Simple interest = 70%
7 Day Compounded interest = 94.87171%
DayPercentage
110
221
333.1
446.41
561.051
677.1561
794.87171

http://www.moneychimp.com/articles/finworks/fmfutval.htm
http://www.getobjects.com/Components/Finance/TVM/iy.html
http://www.moneychimp.com/features/simple_interest_calculator.htm
20,000 Future Value, using...
  Simple Interest:    34,000    
  7 day Compounded Interest: 38,974.34    
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 03/05/2014, 09:19:08 UTC
Ok POS is working check

now lets focus on website, bigger exchanges, better volume, and more beautiful logo XD
Stop talking about pos. We have been for the last 2 days. POS is fine lets work on developements and lets get mintpal to add us to voting list and then we gert good volume on.
Hilarious! Cheesy
Plus logo has already changed to a boring monotone gold one.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 03/05/2014, 00:31:12 UTC
The Chinglish is strong in this thread  Grin
Nobody knows how the fuck this PissOrShit thing works lol
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 02/05/2014, 13:23:44 UTC
how do I go mine summercoin? has no more pool
You are retarded
So much Chingrish
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Guncoin(GUN) - Officially Launched!
by
UltraMegaMan
on 02/05/2014, 13:16:13 UTC
What is the coin purpose?
To skank a bunch of dough from trigger happy gun-toting Alex Jones Libertards  Cheesy
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Topic
Board Altcoin Discussion
Re: LTC Ponzi Game - Litecoin hot potator game for fun and profit!
by
UltraMegaMan
on 02/05/2014, 13:03:30 UTC
Well a return is not promised so it's not a true Ponzi, since you tell people they can lose all their money. In a true Ponzi scheme the nature of the scam is hidden from investors. But you have called it a Ponzi game, so the meaning is a bit blurred. Whether it is legal or not I am unsure but it's not exactly high on the moral chart  Undecided It definitely goes against the purported aim of most of the cryptocurrency community although I realize that is a complete joke  Grin
http://legal-dictionary.thefreedictionary.com/Ponzi+Scheme
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ☯ UniversityCoin UVC ☯ [PoW+PoS] Only 20m | Long-term Growth Strategy
by
UltraMegaMan
on 02/05/2014, 12:51:03 UTC
vote uvc on cryptsy.com pls....

voted on Cryptsy .

Cryptsy isn't the best exchange in the world, but it sure is popular. Just voted for UVC to be added.

Cryptsy is where coins go to die.  You want this on mintpal.



Mintpal is also where coins go to die. Who cares about mint and cryptsy.
Exchanges are where shitcoins go to die
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 02/05/2014, 00:16:03 UTC
So you mine a bunch of unprofitable coins on a multipool, get them converted into bitcoin and then into summercoin, losing lots of money during each process Huh
Post
Topic
Board Altcoin Discussion
Re: LTC Ponzi Game - Litecoin hot potator game for fun and profit!
by
UltraMegaMan
on 01/05/2014, 23:34:12 UTC
The correct terminology for this scam is PYRAMID scheme, not Ponzi, since it is stated that newer people will pay older people rather than claiming to have a great investment such as selling the latest technology of pink hoverboards à la Back to the Future.

Correction: This is some sort of hybrid Ponzi/Pyramid scheme, a Ponziamid or Pyramonzi
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Topic
Board Altcoin Discussion
Topic OP
Stop this madness you crazy bastards (coin)
by
UltraMegaMan
on 01/05/2014, 23:12:48 UTC
Stopthismadnessyoucrazybastardscoin
  Smiley Wink Cheesy Grin Angry Sad Shocked Cool Huh Roll Eyes Tongue Embarrassed Lips sealed Undecided Kiss Cry
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Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 01/05/2014, 22:41:56 UTC
Guaranteed either 10% loss in value everyday or big dump of (1  +  0.1)n at the end of PoS (n being number of days between blocks 13441 to 26880)
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
UltraMegaMan
on 01/05/2014, 22:18:20 UTC
Anybody know how I can get my coins off summer.monsterhash.me, or did the pool owner take my coins to exchange? Site seems to be perpetually offline.
Haha yeah he said he was closing it earlier, you didn't have long to get your coins out - I think they've been jacked mate soz  Cry
Not as bad as P2Pool who stole ALL of their miners coins (including mine)  Angry
Cryptoland is a cesspit of scams Grin