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Showing 20 of 595 results by wasamata
...If a currency can fall 8.5% in a day on no real bad news such as today just proves the cronies and knockers correct when they say its too risky and volatile. Imagine if there was actually some bad news, sheesh.
You are assuming that people in general are pushing this down, your wrong. It was a flash crash on bitfinex.com caused by deliberate manipulation, absolutely nothing to do with public sentiment or news.
Manipulation? It's disheartening to learn someone can hack into the exchanges and sell all the bitcoins, thats what I call bad sentiment!
thats not what market manipulation is...someone with a lot of coins sold them to trick the bots, no one hacked an exchange and sold other peoples coins..
This. And I think now that people can profit both ways (long or short) manipulation is simply a given, both on the exchanges and on the forum. More arguments will appear in favour of bitcoins downfall, for profits sake. Is that good? Im not so sure. The sad thing the USD is more reliable atm as i dont see some russian nerd coming on to forex and knocking the usd down 8 % in a flash.
If a currency can fall 8.5% in a day on no real bad news such as today just proves the cronies and knockers correct when they say its too risky and volatile. Imagine if there was actually some bad news, sheesh.
You are assuming that people in general are pushing this down, your wrong. It was a flash crash on bitfinex.com caused by deliberate manipulation, absolutely nothing to do with public sentiment or news.
Manipulation? It's disheartening to learn someone can hack into the exchanges and sell all the bitcoins, thats what I call bad sentiment!
If a currency can fall 8.5% in a day on no real bad news such as today just proves the cronies and knockers correct when they say its too risky and volatile. Imagine if there was actually some bad news, sheesh.
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Rare | Now on MintPal | NiteSend
Notice the scammer raskul now using multi accounts lol
Only reason because he is the only fool pushing his diatribe
no one gives a shit about your lies fool
Only reason because he is the only fool pushing his diatribe
no one gives a shit about your lies fool
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Rare | Now on MintPal | NiteSend
then why is the price 0.20 for a rare coin lol 
Sock puppet account number 33 is it thief raskul?
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Rare | Now on MintPal | NiteSend
Price is tooooo high. I won't buy for these prices.
Then, why don't you buy some doge or NYC? You'll get a lot more coins for your money there!
Lol, doge is dead since 6 months. And wtf is nyc? New York City? I said I won't buy sync with these prices, is it trolling? Your community is a joke. Check out Monero and see what perfect altcoin look like.
I'm still watching sync but it's very hard to move upwards with this community.
you will find as-with every one of the hoard of coins MsCollec pays to have developed; if you ask a reasonable question about the structure/price/evolution of the coin in question, you will simply be branded a troll.
I like to have a good troll... PM me and I'll ask the questions on your behalf - but in a more appropriate and understandable manner.
tip; you need to be abrasive and abusive for their small brains to take-in
Am pretty sure now, your the type of low life scum who would steal a wallet from an infant.
Here is evidence of this troll named raskul a thief stealing bitcoins via a charity:
https://bitcointalk.org/index.php?topic=438322.0
"i have been fooled by raskul, i have been talking with him within past few days in order to buy bitcoins from him (1DKSzHyFqTtNm62U51pexD9TTFzc7gcfGZ) he seems a nice person he even said that he had charity website dedicated to help others (http://www.thescribe.eu i think he is accepting btc "for charity" but they are to him why is the whois information private ? and no real contacts no the website) we agree on a 0.5 btc for 350 euros, i sended him the money to scotland by wu and now he doesn't send me the btc, he says it wasn't him...
Please HELP i'am not a rich person and now no money and no btc"
With that kind of history, why you trust this BS artist and thief?
Sync remains the most undervalued currency with most potential of all. Active developerS, fair launch, decentralized, scarce, innovation and plans for the future. That's more than i can say for the BS MONERO FAD,
pfft, tried mining that crap coin from day 1 and found it to be just a convoluted amateurish garbage coin made by the mintcoin shit team who absolutely flogged that coin to death with almost 1 billion premine, didnt even have a wallet FFS.
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Mandatory Update - HARD FORK AT 2.6.2014
no real coin-holder will lose his Patience by this pocket Money - my Utility bill a month is higher
get real Money out of the pocket and lets rumble this market the you can say I WAS THERE as SyncCoin rocks the market
at this point ... its only a cheap - nice coin - nothing more - next week i will buy all this shit away so we can talk about real prices
get real Money out of the pocket and lets rumble this market the you can say I WAS THERE as SyncCoin rocks the market
at this point ... its only a cheap - nice coin - nothing more - next week i will buy all this shit away so we can talk about real prices
0.25BTC for 1SYNC is cheap? you must have more money than sense.
You think the SYNC MC is coin is expensive? Are you a sadistic moron or just cant count
Take your schadenfreude bro and go back to the nursing home u came from u demented prick.
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Mandatory Update - HARD FORK AT 2.6.2014
A little arguement against massive interest: If thinking of it like a blue chip investment it's worthwhile knowing "interest" paid out should/does not increase the money supply in blue chip stocks. Dividends in the stock market come from earnings and are paid out in fiat to holders (who then choose to keep the fiat or use it to buy more shares (a bit like the multipool system)) as opposed to creating more scrip or 'diluting' the currency holders. The size of the interest is the dividend yield which is predicated upon the earnings made. When sharemarket CEO's want to raise funds, that's when they simply create "new shares" and issue them to investors for a price. That however, always dliutes other holders, unless they were the buyers.
Usually because the offered "new" shares are at a discount to the market rate. The flipside is, the money gained from investors is used to increase the earnings potential (If the CEO is worth his salt) and therefore yield of the stock (I.E buy a new gold mine, purchasing a drilling rig, conduct aerial surveys, or in sync case something like investing in an exchange, creating an exchange, paying anon dev work). The size of the dividend yield can also be influenced by the price i.e 1$ per share dividend payouts can be quite attactive to a share that recently got sold down to 2$ as it would be yielding 50% yet if that share goes back to $10 and still pays out 1$ per share in divdends (usually quarterly) it's yield would be 10% (which mind you, is still very high in terms of the stockmarket.)
Usually because the offered "new" shares are at a discount to the market rate. The flipside is, the money gained from investors is used to increase the earnings potential (If the CEO is worth his salt) and therefore yield of the stock (I.E buy a new gold mine, purchasing a drilling rig, conduct aerial surveys, or in sync case something like investing in an exchange, creating an exchange, paying anon dev work). The size of the dividend yield can also be influenced by the price i.e 1$ per share dividend payouts can be quite attactive to a share that recently got sold down to 2$ as it would be yielding 50% yet if that share goes back to $10 and still pays out 1$ per share in divdends (usually quarterly) it's yield would be 10% (which mind you, is still very high in terms of the stockmarket.)
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Mandatory Update - HARD FORK AT 2.6.2014
I had been previously referring to the current interest rate which is 100% per year, not per month. If you start with 100% per month and reduce the interest to .65 monthly, the final coin supply would hit 17,131 at the end of year 1 with a final cap of around 17412.
It has been mentioned before, and I agree that the rate should not be time based, but based on the # of coins in existence. We are currently wagging the dog by the tail, though - instead of tossing around random formulas, we first need to determine two things:
- Is the final supply in fact going to be 10,000 Sync?
- If so, roughly how soon should that limit be reached?
Once we have the answers to these questions, constructive suggestions can be made about the method used to get there.
yes, that's why I underlined per month. Thought you would get it then.
No, as the chart indicates you will get to 9798 at the end of year 1, with a final cap of 9958 or slightly higher if we include the stake already generated. Please read again: multiply the last months interest per month by 0.65.
I understand you value your own "constructive suggestions" more than my "tossing around random formulas", but I suggest you at least read what other people write before getting to conclusions.
The 10000 are already set in stone/code and must/can not be changed as it will ruin investors trust forever.
Exactly after how many years the asymptote should reach it's limit can be discussed, but a steep start is likely to attract more investors early on and that will boost the price for long and short term investors.
Please understand that I was in no way trying to be combative or insult your suggestion, nor was I referring to only your suggestion as being a random formula - I was referring to all of the formula suggestions so far, including my own. I only used the word "constructive" to try to discourage the trolls from just flaming ideas, and to encourage the Sync community to participate.
So, question 1 has been answered - there is to be 10,000 sync total, correct?
All that is left is to hear, from the dev(s), roughly when that should happen. Once we have that information, mathematical suggestions can be made.
correct 10,000 is max coins in the code.
when that should happen?
quick or gradual?
Id prefer slowly so the coin has a pretty long distribution.
Think Dev wants that also, but at 1 per cent per year it could take 3000 years before we reach 10,000
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Mandatory Update - HARD FORK AT 2.6.2014
The current "moneysupply" is 1,011.47 Sync. I have read over and over in this thread that the final coin count will be and is limited to 10,000 Sync. Since the POW phase is over, the only way to get the supply up to 10,000 is through staking. If that is truly the goal, there are numerous ways to get there, but nothing has been presented by the dev team to date that will come even close to 10,000.
MsCollec previously liked the idea of having a stake that halves every so often, the same way that block-solving rewards half for many coins. Her initial post about leaving it at 100% for 2 weeks then halving it every month would only get the final supply to around 1,183 coins. These are the 2 scenarios for a halving system that would get the supply to 10,000:
To sum up, either the staking periods must be much longer or the interest rate much higher for the money supply to eventually reach 10,000.
MsCollec previously liked the idea of having a stake that halves every so often, the same way that block-solving rewards half for many coins. Her initial post about leaving it at 100% for 2 weeks then halving it every month would only get the final supply to around 1,183 coins. These are the 2 scenarios for a halving system that would get the supply to 10,000:
- 100% annual interest halving every 1.15 years - 10,000 Sync would be reached some time in the year 2034
- 1,381% annual interest halving every month - 10,000 sync would be reached in roughly 15 months
To sum up, either the staking periods must be much longer or the interest rate much higher for the money supply to eventually reach 10,000.
How about 100% monthly interest, reducing by 20% every month? As in; 100%, 80%, 64%, 51.2% ....
100% annual interest halving every 1.15 years - 10,000 Sync would be reached some time in the year 2034
that sound best to me. Longevity, similar to bitcoin structure, maintains its rarity.
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Mandatory Update - HARD FORK AT 2.6.2014
I ran some more figures on interest rates, half life, etc. For starters, these calculations are more accurate than my previous ones since the formulas used are compounding interest continually instead of monthly like my previous ones. Note that these calculations are based on the assumption that all coin holders will have their wallets open 100% of the time and not sitting on exchanges, etc.
It seems to me that it would be better to use the total # of coins in existence as a half-life trigger instead of using months, years, etc. That way, the final number of coins in existence could at least be set in stone. The first thing to determine is how soon the 10,000 final count should be hit, then the math can go from there.
I also believe very strongly that the next interest-rate policy change for this coin should be the last one. Changing the rules on-the-fly is obviously not generally a good idea, even if it means more earnings.
I have uploaded the spreadsheet I used to figure this stuff out at https://app.box.com/s/2w238twcd57falpq7ij3 - feel free to download & play with it.
- If the interest rate starts out at 100% annually (where it is) and halves on a monthly basis, the final coin count of 1,181.36 would be hit in 16 months - far less than the 10000 hard limit.
- Using a starting interest rate of 100% anually and halving only once a year, the final coin count would be 7,389, arriving in the year 2032. 90% of all coins would be generated by mid 2018.
- The closest half-life period that wouldn't exceed 10,000 coins is 1.15 years, reaching a maximum of 9,974 coins.
It seems to me that it would be better to use the total # of coins in existence as a half-life trigger instead of using months, years, etc. That way, the final number of coins in existence could at least be set in stone. The first thing to determine is how soon the 10,000 final count should be hit, then the math can go from there.
I also believe very strongly that the next interest-rate policy change for this coin should be the last one. Changing the rules on-the-fly is obviously not generally a good idea, even if it means more earnings.
I have uploaded the spreadsheet I used to figure this stuff out at https://app.box.com/s/2w238twcd57falpq7ij3 - feel free to download & play with it.
here here great job there. All good points and agree 100 percent.
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Mandatory Update - HARD FORK AT 2.6.2014
My vote goes for 100% POS decreasing inline with the bitcoin supply (except 2 years instead of 1):
2014/2015 100%
2016/17 50%
2018/19 33.33%
2020/21 12.50%
2022/23 11.11%
2024/25 10.00%
2026/27 4.17%
2028/ongoing 4.00% annual interest
can you do it?
2014/2015 100%
2016/17 50%
2018/19 33.33%
2020/21 12.50%
2022/23 11.11%
2024/25 10.00%
2026/27 4.17%
2028/ongoing 4.00% annual interest
can you do it?
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Mandatory Update - HARD FORK AT 2.6.2014
wow whats overnight its in overdrive! checked block explorer and rate of blocks has tripled or more and also, i staked 3 times with another due to mint soon.
Yes it's definately done the trick!
Yes it's definately done the trick!
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Mandatory Update - HARD FORK AT 2.6.2014
sync wallet running like a dream now om win 8.1
+10000 from vw to ferrari