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Messages - dzarmush

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1
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 13, 2018, 08:52:02 am »
Why would people buy it? If Satoshi Nakamoto would be releasing billions of bitcoins every months it’d have no value at all. That what will happen to Sim with trillion supply.

2
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 13, 2018, 07:59:29 am »
Our shares would be diluted with 1B of new coins or 10B. With 1T coins they’ll be vanished.

Again, one should be absolute idiot to buy into coin that has 10 thousand percent inflation a year. Nobody would buy it or want something to do with it. With my prevoius ICOs I sometimes was buying more coins after the release if I saw a potential, but with such conditions I myself won’t buy anything. What does it say about the coin if initial investors are not buying any on the release?

3
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 12, 2018, 09:56:18 pm »
How do you choose what market cap should Sim have? Let’s say Sim is  released and traded at 50 satoshi, so its market cap is around 200 BTC. Then suddenly Coindesk notice it, publish an article and hundreds of people start buying Sim. What are you going to do? Release more and more new coins, dump them on newcomers in order to avoid volatility because you’re happy with 200 BTC market cap? I just don’t understand what do you have in mind and your insulting posts are not helping to understand your plan at all.

Also what if someone start dumping? Are you going to buy all coins? Where do you find money for it? Are you going to control all exchanges? How is that decentrilized in any way?

4
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 12, 2018, 01:11:25 pm »
You don't think Sim will be dead born with 99.6% of supply locked and 10000% inflation a year?

Would you personally buy Sim after the release if you'd know that in a week its supply will be doubled? And after another week there will be released another billion coins and every single week for the next 10 years 1 billion coins will be flooding the market.

Let's say Overlord wants to control 99% of supply for some reason. Then why wouldn't he just lock most part of our 40% supply and release our coins gradually withing 3-5 years? That would make way more sense. I'd be totally fine with receiving 1% of my coins every week if he thinks it'd somehow help the project to succeed. But making 1000 time more coins out of nowhere and locking it is pure madness.

Read what NxtChg posts:

One idea, as I mentioned above, is to hard-code a release schedule from a locked account, and also add some form of voting for how and when to spend it. Splitting it between multiple "funds" with different purposes (i.e. marketing, development, etc.) is probably also a good idea.

I would like to hear other ideas.

He doesn't control 99% of the supply, the code does.

Maybe an idea is to release a part of the new coins to long-term hodlers and a smaller part to short-term hodlers? Like receiving interest from a bank?

I suggested that long term holders should receive coins from that trillion coins but he said I'm a ponzi junk and spoiled by btc where you hold for a long time and become a millionaire.

5
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 12, 2018, 12:53:31 pm »
Let's say Overlord wants to control 99% of supply for some reason. Then why wouldn't he just lock most part of our 40% supply and release our coins gradually withing 3-5 years? That would make way more sense. I'd be totally fine with receiving 1% of my coins every week if he thinks it'd somehow help the project to succeed. But making 1000 time more coins out of nowhere and locking it is pure madness.

6
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 12, 2018, 12:47:06 pm »
Now you alter your plan to the disadvantage of your financial backers.

I have before me two conflicting interests:

1. the greed of investors who just want to dump to the next sucker and get rich
2. the long term well-being and success of the whole project

Guess which one has a higher priority.

Nobody cares about your priority. Either you stick with the initial plan or your project is ruined anyway because no one will trust you in future.

NxtChg worked tirelessly on Simcoin for 4(!!) years with a relatively small budget. It is almost a miracle he didn't give up yet, even now it is clear that the initial plan was too ambitious. So what do you expect of him? Should he continue to try to realize the original idea, even if that doesn't make sense at all and will probably result in failure? Or maybe he should just quit and vanish into thin air? In both cases you will lose your investment.

But no, he chooses to continue on a new path because he still thinks the world needs something like Simcoin. He wants to learn from past mistakes and make something better. And even though he owes us nothing anymore because the original experiment we invested in failed, he still tries to give the original investors something in return. Who does that?? Just take a look at http://deadcoins.com. Do you think all those initiatives compensated their investors once they failed? No, they just took the money and ran. Why? Because they are like you. Just think about that.

You don't think Sim will be dead born with 99.6% of supply locked and 10000% inflation a year?

Would you personally buy Sim after the release if you'd know that in a week its supply will be doubled? And after another week there will be released another billion coins and every single week for the next 10 years 1 billion coins will be flooding the market.

7
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 12, 2018, 10:39:34 am »
I get smaragda now. He was mentally damaged and more sensitive than other investors, so he was first who saw what you are and it broke him.

8
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 12, 2018, 10:36:43 am »
I absolutely HAVE the right to demand 2M for my 200k house. It's my house.

Of course. You can demand whatever you want, but nobody has to oblige your misguided demands.

Misguided? We gave you our money on the terms you created. Now you fuck over your investors because you just want so. There's no way anyone in the future would deal with someone like you who change his mind and dilute people's share 1000 times.

Again. There was a plan laid out by you to attract investors 4 years ago.

Plans change in response to new information. Not doing so is stupid.

That's just so fucked up. "Plans changed - bye bye suckers who gave me lots of money so I can leave my day job and work on my personal project. Now I'm gonna find new stupid fucks who will give me their money.".


Now you alter your plan to the disadvantage of your financial backers.

I have before me two conflicting interests:

1. the greed of investors who just want to dump to the next sucker and get rich
2. the long term well-being and success of the whole project

Guess which one has a higher priority.

Nobody cares about your priority. Either you stick with the initial plan or your project is ruined anyway because no one will trust you in future.

9
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 11, 2018, 09:55:40 pm »
By not increasing supply 1000 times within the next 10 years? )
If you don't give a damn about the long term success of the project, then just sell everything once it is released.

Name one reason why would there be any buy orders once it is released if the coin has inflation of 10,000% a year. Some stupid lemmings might buy something because they didn't read about it and just buy a new coin on the release, but that would be it.

10
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 11, 2018, 09:49:08 pm »
Second one is even easier. People buy cryptocurrencies because of their volatility, not despite of it. I'll never buy any coin if I'm not hoping for at least x2 return. I don't think there are more then 0.1% people who buy coins because they believe in some kind of bright future and shit.

Well, that's what I am talking about. This is the kind of mentality Bitcoin has created. "Sell to the next sucker and get rich".

Sad. I don't think this is going anywhere. If that's your attitude, then you will not be any help for the project.

Sorry, you're on your own. Whatever return you will get is what you get.

I am not here to create a ponzi scheme so you could profit.

"If that's your attitude" – really, what the fuck? If that's my attitude? You repeated "ponzi scheme" like a hundred times. Why do you think people invest in startups? Why did someone buy Apple stocks, Amazon etc? People believe in some great products and hope to profit from it. And other people use this money to build something. If we didn't invest in Sim you wouldn't be able to spend as much time as you want building something you want to create. That how it works. Why the fuck people would spend their money on some coin which price isn't going any higher? They worked hard to earn the money. They have families and children and bills and so on. Why would they just throw it away on some ridiculous cryptocurrency that has stable price and isn't going any higher? 

11
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 11, 2018, 09:25:28 pm »
If you do care about long-term success, then you should also care about people not using 0.001 prices and about volatility.

First one is easy. You can just increase supply to whatever you want without diluting our shares.

Second one is even easier. People buy cryptocurrencies because of their volatility, not despite of it. I'll never buy any coin if I'm not hoping for at least x2 return. I don't think there are more then 0.1% people who buy coins because they believe in some kind of bright future and shit.

12
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 11, 2018, 08:56:45 pm »
We can measure value in USD because it didn't change its purchasing power over 3 years significantly. So if your original $4.5 K turn into $4.5 M, I would say this was a great investment.

For this to happen, SIM market cap needs to be about $80 M dollars, not an unreasonable expectation.

Can we now stop with this silliness and focus on how to get there instead?

By not increasing supply 1000 times within the next 10 years? )


13
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 11, 2018, 08:21:54 pm »
1000% ROI in BTC

Again?

What if BTC drops to 1 cent/Bitcoin? Would you be OK with me paying you 700 BTC = $7 then? Would that be fair?

If not, then stop being a hypocrite and stop demanding returns in BTC, instead of the value. That's not how investments work.

Ok, the hell with BTC ) How are we gonna measure ROI? In bananas? In dollars? What if dollar is going to crash hard? What if bananas are going to grow on every tree around the globe? We didn't buy Sim tokens with dollars, or nxt, or any other stuff. We did buy it with BTC because we believed in BTC in the first place and also in Sim. We expected BTC will grow 10 times in dollars and Sim will grow 10 times in BTC so we'll get 100 times more money in the end. That's why we're waiting return in BTC. How it's so hard to understand?

14
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 11, 2018, 07:54:03 pm »
I thought I showed you that it's pretty reasonable to expect 100,000% ROI.

You can't (nobody can) predict any ROI. If you think I'm way too greedy then you're wrong coz I'm not. I'd be more than happy with 1000% ROI in BTC terms which isn't too much for 4-5 years. And it's really possible with 400M-1B supply. But with 1T supply Sim market cap should be 3,500,000 BTC.

15
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 11, 2018, 07:08:19 pm »
I understand that after the release there will only be 400M coins. But I also understand there won't be a fool who'd buy a single coin knowing that the supply will increase 1000 times during upcoming years. More of that the developer will not let the price grow on purpose because he doesn't like volatility.

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