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Showing 13 of 13 results by fibbonac1z
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
Why is it that darkcoin keeps rising?
I'm happy, but it is making me nervous, and I have been selling the vast majority all the way up (not the smartest, but I cant complain as i'm up I think 2-3x what I put in so far, wish I spent more
.) I really do not want to see a massive drop as I feel like it be the final blow to the altcoin market, so some insight to why it keeps skyrocketing, other than my original logic that x-11 is where all the gpu miners are going to go, would be helpful.
I'm happy, but it is making me nervous, and I have been selling the vast majority all the way up (not the smartest, but I cant complain as i'm up I think 2-3x what I put in so far, wish I spent more
.) I really do not want to see a massive drop as I feel like it be the final blow to the altcoin market, so some insight to why it keeps skyrocketing, other than my original logic that x-11 is where all the gpu miners are going to go, would be helpful. DRK is far below its true value. there only 4M DRK ATM you know
fair distribution of bitcoin ? lol it was released on a crypto mailing list (so how is it fair if you release it only to a very restrict group of people). for months 10 people mined it....then some gamers started mining it (i believe cos it got posted on on blizzard forums).....then by the time it ever got popular mining it required investment in graphic cards...and then asics completely killed it for the average joe....was everything but fair distribution.
NXT is already more distribiuted than bitcoin ever was in its first 2 months ., where only 20 or so people mined it.
5 years on and less than 1000 own more than 50% of bitcoins. if NXt is to survive 5 years i bet its distribution will be much wider than that.
NXT is already more distribiuted than bitcoin ever was in its first 2 months ., where only 20 or so people mined it.
5 years on and less than 1000 own more than 50% of bitcoins. if NXt is to survive 5 years i bet its distribution will be much wider than that.
But with bitcoin it was fair because the first miners had a very huge risk. Only from your current perspective you could say it is unfair, but actually these guys were like revolutionists who were thinking differently and therefore their past reward can be considered fair from todays perspective. Everyone interested in the matter could have joined 4 years ago, or 3 years ago or now and nobody would say it is unfair.
In contrast an IPO (initial public offering) is ridiculous in the context of a network which is maintained by open-source software. Everyone could just copy the software and create their alternative network with exactly the same properties. So there is no value and therefore an IPO makes no sense.
First miners had huge risk? No.
The first miners took software, downloaded it and mined thousands of BTC on their CPUs. There is no risk in that scenario.
In contrast, in an IPO, the early investor has to put forward hard earned cash. In this case the risk is _very_ real.
Quote
NEX Invest Coin (NIC) coins are the name of the currency that will be distributed initially. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional NIC coin per week for every 1,000 NIC coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 NIC coins, you will receive roughly 50 NIC coins, or 5% per annum.
NEX Enterprise Coin (NEC) coins can only be obtained by burning NIC coins. For every 1,000 NIC coins that are burned you will receive one NEC coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each NEC coin will generate five NIC coins per week. In one year of holding one single NEC coin, you will receive roughly NIC LV1 coins. This equates to an increase of 25% per annum.
NEX Enterprise Coin (NEC) coins can only be obtained by burning NIC coins. For every 1,000 NIC coins that are burned you will receive one NEC coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each NEC coin will generate five NIC coins per week. In one year of holding one single NEC coin, you will receive roughly NIC LV1 coins. This equates to an increase of 25% per annum.
Would you please elaborate on this?
Will InvestCoin and EnterpriseCoin both have max supply limits?
Is there a mechanism to convert back from EnterpriseCoin to InvestCoin? If not, then doesn't that suggest that EnterpriseCoin inflates infinitely? I think there needz to be a mechanism to deflate EnterprizeCoin as well.