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41
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by dzarmush 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.
42
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by Titulaer on April 12, 2018, 01:06:22 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?
43
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by dzarmush 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.
44
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by dzarmush 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.
45
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by Titulaer on April 12, 2018, 12:15:32 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.
46
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by dzarmush 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.
47
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by dzarmush 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.
48
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by NxtChg on April 12, 2018, 10:27:15 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.

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.

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.

Although I will do my best to help investors get a fair return, at no point I will put their interests above the interests of the project.
49
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by s11made on April 12, 2018, 09:46:17 am »

You won't take $20 for the house worth 200 K, so you have no right to demand 2 M for it too.

I absolutely HAVE the right to demand 2M for my 200k house. It's my house. I paid with MY money. So I can ask whatever I want.

Again. There was a plan laid out by you to attract investors 4 years ago.
You'd build a cryptocurrency with a defined set of features.
You would decide the end date of this ICO without prior notice.
The funds raised would equal 40% of the total supply of your new coin.
40% investors, 60% you.

It was a simple plan.
Now you alter your plan to the disadvantage of your financial backers.

50
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by NxtChg on April 12, 2018, 09:04:40 am »
Imagine BTC is 1cent and Sim is 1$...
Imagin i had 18 million Sim. I would sell those to someone who offers me 1800 million BTC...

There's your answer. You want return on _value_, not some abstract numbers.

You won't take $20 for the house worth 200 K, so you have no right to demand 2 M for it too.

So stop demanding returns on abstract numbers when they are in your favor if you're not willing to take the same deal when they are NOT in your favor.


Ponzi scheme or noble world changing hero. Who cares.

I do.
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