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Showing 8 of 8 results by mother_goose
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Board Announcements (Altcoins)
Re: [ANN][EFL] Electronic Gulden | The Netherlands | Cryptsy - Bittrex - Bleutrade |
by
mother_goose
on 06/08/2015, 10:04:17 UTC
Will coin be pumped to 7000 after halving?

Introspection : Why do I hate the word pumping so much ?

I think it is because every time I see the word it is surrounded by sarcasm. Irony is ok, but sarcasm is bitter, crude and definitely damaging. If you would do it once you might seem to express intellectual superiority, but if you keep repeating it the effect is the contrary and very annoying indeed.

I admire EFLfoundation that it refrains from commenting. Bitwise shifted addressed the issue rather politely in his reply https://bitcointalk.org/index.php?topic=843017.msg11940577#msg11940577 . I would say that it is perfectly normal market behaviour when you buy your own shares at times you can afford it. If I understand it well the foundation itself is non-profit and the balance of their bitcoin donation address is zero. I don't see any commercial activity, so I expect their other balances will be close to zero too. That would mean that any buying activities are private investments.

That makes me cheer for the foundation and for their substantial altruistic contribution to the crypto landscape
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Topic
Board Announcements (Altcoins)
Re: [ANN][EFL] Electronic Gulden | The Netherlands | Cryptsy - Bittrex - Bleutrade |
by
mother_goose
on 31/07/2015, 22:17:28 UTC
I like EFL as a trading coin because of the low supply. As soon as you add merchants the price will be pushed down as people buy. Guldencoin is a good example of why merchants and services is a bad idea for price gains but it's great as a currency.
About the low supply  : You are missing the point, literally here Smiley . There is no such thing as low supply with cryptocurrencies. You are tricked by the decimal point. You can put the decimal point anywhere at your convenience. Even a satoshi is not a hard limit. There is no fundamental difference between NLG and EFL with respect to supply, because they are "infinitely" devisable. NLG just has the decimal point about two positions to the right. To make you feel richer ? What a joke  Cheesy . Now they think the price goes down because there are too many of them (being mined/inflation). That reasoning is so fundamentally wrong that I am astounded by their (who are they ?) stupidity. When you want to compare things you will first have to normalize. Compare NLG with Bitcoin for example :
- There will be 80 times as many NLG as Bitcoin (or EFL) ever (if they keep their hands of their settings)
- NLG is being mined at a rate of 225 per minute (after some manipulation Bitwise mentioned before), Bitcoin at a rate of 2.5 per minute and EFL at a rate of 6.25 per minute
If you normalize the NLG amount with Bitcoin you would get 2.8 NLG per minute which means that the rate of inflation is currently about the same as with bitcoin and less than half of the EFL inflation rate. If you would only look at "available supply" the picture only changes slightly (there are currently 20 times as many NLG as Bitcoin/EFL)
And now they are trying to trick the market again by forging their fundamentals by a factor 10 Huh If you don't understand the above you will not be able to understand marketbehaviour when they change inflation rate arbitrary again. If you arbitrate, people need to trust the arbitrator. That is the exact opposite of what cryptocurrencies are intended for.

About being great as a currency : Any cryptocoin is potentially great as a currency, although a larger marketcap and a predictable value is greater. Cryptomoney is great because it is rare, portable, recognizable, durable and devisable.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EFL] Electronic Gulden | The Netherlands | Cryptsy - Bittrex - Bleutrade |
by
mother_goose
on 21/07/2015, 17:40:44 UTC
Suggestion to EFL Community!!

...

Let's make some noise!!  Cool Tongue

Idea:


Melt some euro's and remelt them into Electronic Guldens I would add. Or even better : explain this alchemy to others .
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Topic
Board Service Discussion (Altcoins)
Re: [Vote][PRE-ANN] The Altcoins Foundation Platform POH | Vote for your Coin
by
mother_goose
on 27/03/2015, 19:30:48 UTC
ElectronicGulden EFL
Post
Topic
Board Alt Coins (Nederlands)
Re: e-Gulden: even bijkletsen
by
mother_goose
on 26/10/2014, 17:27:40 UTC
This is looking like a Pump and dump to me, lots of btc is being put at lower buy orders with no intention to buy efl but to make the buys look good. This is typical of every pump and dump I have seen.

I don't get the whole Idea behind pump and dump statements. It just rhime's well and it is easy to repeat over and over like a broken record. Let's just try to get this straight.

If I would be hungry for a coin, I wouldn't wait for my large buy order to be filled by the market. I would just buy what is available right know, knowing I pay more than I would if I tried to stay in the market. Some people spend hours on exchanges trying to collect pennies, while others just invest, anticipating for long term revenue.

If you willingly pay too much (sub-optimal) you may be called a pumper. In effect you just blew a hole on the sell-side, but, depending on the market liquidity/viscosity, that hole will be refilled. You cannot call that dumping, since it is just a law of nature. Naming things Pump and Dump (in that order) you suggest there is one actor that does both. When you dump, you blow a hole on the buy side and you receive too little (sub-optimal again), which makes Pump and Dump very silly indeed.

The lower buy-orders you mention are smarter. These are just anticipating the liquid market and catch a few coins on the wave back instead of buying at the top.


Post
Topic
Board Alt Coins (Nederlands)
Re: e-Gulden: Foundation out of the closet
by
mother_goose
on 17/10/2014, 18:56:11 UTC
Every initiative to elaborate the cryptocoin ecosystem is to be cheered.

I don't agree, a lot of them are scams and create a negative image on cryptos. Once people get taken for a ride some of them may never return and tell there mates about the bad experience they had.
"Just stick to bitcoin"
If you mean "Just stick to the Bitcoin blockchain" that is not an option. Bitcoin is designed to allow multiple blockchains. The litecoin develpers understood that and discovered the parameters. You will not be able to stop that by telling people what to do. So live with it. Be comfortable with the idea that the market will decide and make your own good decisions.

Even if a countrycoin would be 100% premine, owned by a single developer it obeys the rule that he cannot print more of them. If he convinces his fellow countrymen to accept the coin, he will have less and they will have more. It is as simple as that. If you envie him then make your own coin and try to make it better. If you convince me I will buy it ! And that will my descision.

Scotcoin is proof 100% premine doesn't work. It has no volume. Unless you bringing out serious innovation that would require a lot of investment it won't work. When you have a premine everyone expects the holders of the premine to do the work.
I see no proof that Scotcoin couldn't work. If you say "everyone expects" then you suggest to be talking on everyones behalf. I suppose it is you that expects that "everyone expects" that the initators will do all the work. Maybe you are close to the truth there in Scotland for the time being, but the fact they just missed the 50% votecount does not mean they cannot build a community around a crypto-coin.
People need to be educated !!

What I see here is a foundation that has no intention to keep a penny of their premine.

How do you know that? A foundation is just a pretty name for a centralized entity (like a bank) , this type of structure does not work with crypto principles as it puts all the trust in one or a few individuals.

So to get back on topic of my initial response, we need 1 countrycoin to succeed for others to get investment again. A really good recent example of this is CANN, now all the weed coins are getting attention.
I don't know that. I see symptoms that make me trust them. I see concentration of knowledge, I see community-building, local propagation, education, support, competition, all kind of things Bitcoin can't offer by itself. Don't talk on my behalf if you say "we need". People can decide for themself.
Post
Topic
Board Alt Coins (Nederlands)
Re: e-Gulden: Foundation out of the closet
by
mother_goose
on 16/10/2014, 16:08:46 UTC


https://bitcointalk.org/index.php?topic=522235.0

Quote
Auroracoin https://bitcointalk.org/index.php?topic=446062.0
Botched distribution statistics and a dumping dev. One of the great premines in crypto history.



I have been following the thread "operation Shitcoin cleanout" (@muddafudda's post) from the start. It is valuable where it keeps you alert, but for the rest it is plain negative. Ever wondered what @muddafudda is trying to protect ? or to destroy ?

Every initiative to elaborate the cryptocoin ecosystem is to be cheered.
Even if a countrycoin would be 100% premine, owned by a single developer it obeys the rule that he cannot print more of them. If he convinces his fellow countrymen to accept the coin, he will have less and they will have more. It is as simple as that. If you envie him then make your own coin and try to make it better. If you convince me I will buy it ! And that will my descision.

What I see here is a foundation that has no intention to keep a penny of their premine. Keep up and learn them what is the principle of real money !
Post
Topic
Board Alt Coins (Nederlands)
Re: e-Gulden: Foundation out of the closet
by
mother_goose
on 15/10/2014, 09:17:25 UTC
................
I think it goes without saying the survival of countries coins relies on the success of Guldencoin, Aurora failed badly , if Guldencoin gets into top 20 then all other country coins will get more investment. I am currently supporting Sterlingcoin and with all the effort and dev that has gone into that coin the price is terrible compared to what it should be.

I have purchased some Guldencoin as all country coin fans need to support it so other good country coins get more support.

How can you say Aurora failed badly ?? It just does not follow your short-term expectations. I expect you agree with me that Aurora is a great alternative for the icelandic krona, just as the e-Gulden we are talking about here. People just need to be educated. Not just by us who believe in the e-Gulden but also by YOU. Start by understanding Aurora did not fail.  "This democracy is thoroughly ill-informed", “We all practice psychic numbing. We are lemmings. We are all into manic denial,” (Quote from Dr. Helen Caldicott, Nobel Peace price 1985)