Quote from: OK-OK on January 11, 2018, 07:29:47 pm
Thank you for explaining your side of the story.
Regarding XLM as a non profit foundation, i dont believe in the kind words, just like a lottery that is a non profit organization.
And sure maybe there is more development but what can you expect from a coin that has a marketcap of 16.5 BILLION at its peak.
But a coin with a non profit foundation, with the best advertisement techniques? no i'm not buying that.
To come back to OKCash,
OKCash is started as a NON-ICO. To get the blockchain started there was a POW period and everybody had the option to mine the coin.
So the start was fair.
One of your other concerns was that OKCash has a source code that is copied.
Yes OKCash is a fork, but XLM is also a straight fork from Ripple.
OKCash is forked from Blackcoin and that is a big plus for me.
OKCash can be basic but i never had problems with my wallet, the network or anything else.
And my transactions are always confirmed very fast.
It is a solid and stable coin, at 12 sept 2017 you see it had a 24h trading volume of 23 million USD you see the network can handle also larger amounts of transaction without a problem.
Further more i like to do my groceries at a local store instead of big supermarkets, the same is when i invest in cryptocurrency.
And i don't care if other cryptocurrencies can give me more profit, i buy what i like.
Maybe OKCash lacks STRUCTERED development, advertisement and so on, but i know it has a commited development team, and when their are any network issues or what so ever, you can expect very fast a update that is solving the problem.
The rebranding from PIMPcash to OKCash is not a issue for me anyway, when i was young i had also other interests than at the age of what i now am.
And what can you expect from all of the generations that as a child are influenced by movies, games and music where pimps are pimping the bitches.
I can give them just more respect, that they admitted it was a wrong name and choose for another name and a name that is standing more out than any other cryptocurrency name in my opinion.
And regarding the causes,
When you see a homeless guy, Do you give him some money? and how much do you give ?
And it is not the issue to get people to bite, are the people willing to give?
POS 3.0 is a nice concept, is it at this stage necessary? My opinion: no
And the great thing we have as a OKCash community is that we have OKtoshi on board, he is the lead developer of our coin.
What we saw of him that he has done incredible cryptographic achievements, he was one of the early adopters and he was creating OKCash to what it is today. (by his own)Quote from: BlockMaster on January 11, 2018, 09:40:11 am
I feel the people that have large amounts of these staking coins sell small portions of their staked coins when the price is high maybe across markets so they get a high price before the value drops. When the value drops then they will wait for the price to go back up or they can get it to go up by selling coins high. Pretty much controlling the value of a coin like OkCash to make regular income off others when it is not panic selling. Maybe I'm just being paranoid about this because it's hard for me to prove.
What do you think what is happening to all cryptocurrency's?
That is called the markets, when the community grows the charts will grow, and sure the early investors sell their coins at a nice price, but once sold, they are sold, if they want them back they need to buy them back.
And when the charts lower more people will buy it, and the community become larger.
And regarding staking it is the same as mining with an ASIC or what so ever only staking is environment friendly, and everybody get the same interest, and with extreme price fluctuations, POS is the most sustainable blockchain because their is no TERAWATTS needed to ''mine the coin'' the only thing with POS needed is to let the wallet open.
My personal opinion why I invested in OKCash:
1. POS Blockhain
2. More than 3 years of history
3. Lead-developer: OKtoshi
4. Max-supply of 105 million
5. Not overhyped ( natural growth)
6. The name: (OK)Cash
7. That the time has proven it is solid and stable
8. Fair start
9. LTSS - long term sustainable staking
( decreasing interest rate over time)
And i am not typing here to convince you to buy OKCash.
Make your own decisions, do your research and buy the currency that YOU have a good feeling about, and if XLM gives you a good feeling than it is a perfect investment for you, and you don't hear me saying that XLM can NEVER touch 1 dollar.
What is overpriced ? it is only the question why are some currency's expensive and others not... but they have the same intention, and the same purpose and that is to use it as money or as a investment.
That's your call
WOW Great post friend