Bitcoin Forum

As many of you may or may not know a new coin launched last week that will utilize Proof of Burn as one of 3 distribution methods. Your welcome to read our announcement thread here to get more details: https://bitcointalk.org/index.php?topic=1249946.new#new

This thread was created to brainstorm with you the community on our first burn target. Now that Digital Credits has been listed on several exchanges and the open market is starting to determine it's value, it's time to select a target for the first burn which will be starting on the first of December. This burn will last 30 days which will allow you to mine the target and gather up all your coins to burn. We have a few ideas of our own but I wanted to invite all of you to submit suggestions on which coins you think we should target. Please remember to include a reason why you think your suggested coin is ripe for burning. You can post your suggestion in this thread or send it to me via a private message if you prefer. Thank you!

Some things to keep in mind when suggesting a coin:

1. Active nodes are important, there is no reason to bring completely dead coins back to life just to burn them.
2. We will not burn coins under active development no matter how dead they may seem.
3. Little to no trade volume, this rule is flexible if a coins trade volume is clearly pumping and dumping scams. (under 0.2 BTC weekly Average of normal volume)
4. Little to no Hash rate. (Meaning dead pools, no pools, slow transaction time do to little or slow block generation)

How Burns will Work :

We have found an Exchange Partner willing to host our December Burn. To burn our target coin you must simply do the following :

1. Register/Log into the exchange.
2. Deposit Target coins into your account.
3. Exchange them for Digital Credits at a set rate.

* Please not that these burns will not be like a normal listing, you can't set your own buy or sell orders. All you will be able to do is enter the amount you want to burn and click Sell. Your will receive Digital Credits at a set rate minus a 0.5% burn fee for your burned coins. The burn fee will be paid to the exchange, not to us, as compensation for hosting the burns. After that you can do whatever you want with your newly minted credits, trade them or withdraw them. Also, once the target price is set on day one of the burn it will not change. So if the value of Digital Credits goes up during the burn, your profit for exchanging them goes up. All burned cons will be destroyed, never to be spent again.

Be sure to visit our website here : http://dcredits.com/

With all due respect... I suggest you burn the whole idea of Digital Credits.

I really appreciate the fact that you took the time to read and comment on this thread, it shows me you really care about the success of Digital Credits and the Proof of Burn concept. Thank you for your suggestion, I will bring it to the attention of my team during our next meeting and we will give it the consideration it rightly deserves. Have a great day CoinHoarder and thank you again for participating in the discussion.  ;)

Last chance for suggestions guys. We have narrowed our internal list down to 6 possible targets. We will also be offering an exchange rate slightly above the target coins market value in an effort to encourage people to burn them. It is unlikely we will stray from the 6 candidates, but would like to hear your suggestions. 

What? LOL, I have no idea what your getting at! Can you elaborate on what your trying to say, I read the OP in the post you linked and I don't get it? I'm gathering your looking for a name for your coin, but I don't see what that has to do with Digital Credits.

intristin,

Just a coincidence?

No problem. Peace. I am not particularly interested in the names Yobit and Credits. But if someone tries to rip off my marketing insights, I will make it clear they don't have the original talent to follow through on all aspects.

OK, your spamming both my posts, so I will just repeat. Are you serious? Um, Ok, never heard of you dude, never read your thread. And going into other coins threads to accuse them of ripping you off is the worst marketing plan you could possibly have. The fact that your accusing me of ripping off such a terrible plan is a little offence, but whatever. I wish you luck with that. I'm not going to delete your posts because your basically working for the prosecution here, lol. Good luck on whatever it is your trying to do. And thank you for bumping my post. I'm guessing your a teenage boy by how you came at me, or your just drunk. But let me fill you in on something, you sound like a crazy person. Have a great day.

I am not spamming but rather raising a legitimate concern for you to rebuke or admit. And I didn't make duplicate threads that requires someone to post in two threads. You did.


No I am just writing here because I enjoy wasting my time  ??? Rhetorical much.


So you claim. And proof of who thought of the names first? Such as date of registration of domains, etc.. I didn't check, so proof may be easy for you to provide and then issue is closed.


I have no idea why you would assume my market plan has anything to do with asking you if it is a coincidence that I was discussing about 2 - 3 weeks ago the names you chose (for this coin you apparently just announced this week).


If asking you about the strange coincidence and asking for some evidence that you thought of the names first is offensive to you, then I claim you do not seem to understand that the open source community does not condone plagiarism.

For example, I purchased the domain for ion.cash, but then later realized that Aeon existed in my subconscious before purchasing it, so to have a clear conscience and up hold open source community ethics, I donated the name to the Aeon project.

As I wrote above, I don't have a big claim on the names, but I just want to know if your name choices can be shown to be your own?


I can not comprehend how you got from a legitimate inquiry to "he is a crazy, teenage boy". Seems you have some issues with discerning reality.

ok man, whatever you say. Good luck with your project. I do not need to prove anything to you. But feel free to continue crying.  ;D

Then why did you feel a need to delete my posts from your Announcement thread.

Transparency doesn't seem to be your strength.


Ty. U2.


Better to cherish my posts than delete them, as they will be the most important thing that ever happens with your coin.

Crying my ass. Whatever, lol.  :P

words mean nothing, if your coin is better, it will rise above mine. Lets see what happens.

Touché. Agreed.  ;)

Just a heads up guys, all the potential burn targets are available for purchase on Cryptsy. Also, if you don't want to buy burn coins you will have 30 days to mine them and trade them in for Digital Credits. We will be hosting block explorers, client downloads, and nodes for all targets during the burn to ensure they stay alive. Others will host mining pools for your convenience. All this information will be added to the OP on December 1.

Please note that in order to burn the coins for Digital Credits you will need a free account with our Burn Partner. More details about this will be released on December 1.  8)

So how do we come to know which coin is it going to be so we can mine or stake it ?

This information will be released on Dec 1 at 12:01am New York City time. Watch this thread and come back on the first. In the time being, mine or buy credits. The first burn will release around 5 million new Digital Credits into the world which will be backed by the market cap of the coins we destroy. DGCS is cheap right now, and the difficultly of mining is low. It would be smart to take advantage of that. This is the ground floor, and on DEC 1, the elevator will only go up. The success of Digital Credits rests on the success of the first burn. You can buy a ton of credits for a few bucks right now, or mine them will little competition. If the burns are successful, those few bucks could turn into a few hundred bucks, or a few thousand bucks. The upside is endless, the downside? You may loose a few bucks, and keep in mind, so will I. Good luck guys.

He claims he's been working on this coin for 6 months, but here is what it says at their website:








I don't blame you for getting the impression that he threw this together in 1 day, copied other people's ideas, and made the ANN before he even knew what he was going to do.

Maybe that's the wrong impression, but it's the impression he is giving.

And now he's in c-cex chat saying digital credits are already worth more than BARR...

BARR already has a marketcap of over $15,000, entirely from the value of coins we've burned in the past 2 weeks.  We've already accomplished real changes, while dcredits has a plan "coming soon".

You sound worried? By the way, thanks for the bump!

http://img.photobucket.com/albums/v96/runpaint/copy.png






"What does it matter if I'm a liar?"  -  DigitalCredits dev

Ok, anyone with half a functioning brain cell will see that I was not admitting to what your implying. Dude, focus on your NXT asset if you want it to be successful. Attacking me will not make Barr successful, it only makes you look like a little child. 

selective editing?

Take your own screencap and post it, liar.

selective editing again?

Is your print screen button broken?  That's as much of the chat as can be captured at one time.  If there's something else you'd like to add, feel free.

Thanks for the bump, your a sweetheart!  ;D

So you started this topic 3 days ago to ask what coins you should burn, and you've already decided?  And then you changed it to whatever coins BARR burns?

Good luck my friend!

So you started this topic to ask people what coins you should burn, but you're just deciding it all by yourself?

Good luck my friend!

Oh, I get it.  You're letting BARR decide which coins you burn.

Why bother having your own coin, if you have to do whatever we say? 

lol, goodluck!

Trust me @intristin. You need to be fully focussed on your game, to afford yourself any form of success in any project you run. @runpaint possesses the ability and tenacity to expose the tiniest bit of bullshit, that most people wouldn't see, and throw it firmly back in your face. You picked the wrong person to argue with there.
Going by your last few posts, I suspect you have just realised this fact. Just saying.

https://i.imgur.com/aXCoWiO.jpg

These two coins/assets/whatever are both such a load of bullshit. You're trusting the creator of the 100% premined shit to send you whatever share they decide your due. There's no trustless disbursement. In the case of BARR it seems like a ploy to try and draw people into the NXT ecosystem, started around the same time that NXT price started diving towards Hades. In the case of Digital Credits, seems more of a straight up scam, where 100% preminer is just trying to get some value behind his premined stash so he can dump. Imo, you're better off just holding your old (almost) worthless coins than burning them for these guys; I think there's a better probability an old coin could be resurrected than you'll ever see any real value develop behind BARR or Digital Credits.

Good luck my friend!

The NXT devs handle our technical development. 

Who is the dev you paid to make your coin? 

Good luck my friend!

"If the dev doesn't come forward, this coin is a scam."  - Digital Credits person who won't say who the dev is for his own coin


Are you saying Digital Credits is a scam?

lol, goodluck with your NXT asset.

How can you answer questions when you paid someone else to code your coin?  

Where is that guy, so we can ask him questions?






Who is the creator of your coin?  Since you're running your mouth so much about the identities of developers, why is your developer such a secret?


Digital Credits is a clone twice - you paid someone for an insta-clone coin, and you copied BARR's ideas.  You're even going to attempt to burn the same coins BARR is burning.

100% imitation.    

Open identities do not decide weather something is a scam or not. We see this time and again. Personally, your real identity and address is of no use to me. I just want to know that you can deliver on what you say, and if you are competent to do so. So far, you have shown yourself to be a liar, insulting, all over the place, and way too juvenile to even know what integrity means.

I tried. Good luck.  

wait and see what happens.  ;D

I have been approached by the Dev to help and run the burn coins for this project, I will make sure everyone has access to the decided upon coins by way of my pool.

I have also offered my help to the Dev should any issues or problems arise with this coin.

Crunck

Well said.. i have to go by spec's here guys and Jwinterm pointed out a flaw in BARR
and the other guy seems to just be pulling a copy cat scheme created hastily by a paid coder on behalf of a teenager.

I won't be having anything to do with BARR stuff but i got to side with him on this topic here.

EDIT:
@OP
You have ruined your own project here on this topic with your very own replies.
At this point you have no one but yourself to blame for it's failure.

Hey Spoetnik, wondered when you would share your two cents, I was beginning to think you didn't love me. ;D Look the only way that I can prove to you guys that you are wrong about me is to just keep doing what I'm doing. As far as Barr goes, they have been attacking me endlessly since I announced. Those guys seem convinced that they invented Proof of Burn, a concept that has been around for ages. Worse is that they think they own it. There will be more PoB coins coming out down the road, the smart thing would be to focus on their own project and stop trying to attack other people's character. But they will do what they do, I can't stop them. At the end of the day, we are all a copy of Bitcoin.

And just to Clarify I'm not a teenager, I'm a 38 year old man. And yes I am paying a developer to maintain and update the code. I have never tried to imply anything else. I know you guys think that's a weakness, but I see it as a strength as it allows me to focus on other things and not worry about the code. December 1 is coming, if you don't trust me just sit back and watch what happens. I have spent a great deal of money and time getting all the pieces in place. If the goal of this coin is a scam then I'm going about it all wrong don't you think? I certainly would not have posted my true identity and home address if my intention was to rip anyone off. That would be incredibly stupid of me. Not to mention, the burn fund address is publicly available, if I made any attempt to dump those coins the public would figure it out really quickly which would tank the value and make the coins worthless.

As far as the idea behind this coin and PoB, I didn't invent Proof of Burn, I got the idea from reading posts on this forum. I got it into my head to create a PoB coin 6 months ago. Can I prove this? No, I can't, but at the end of the day what dose it matter? Yes, I stole the idea of Proof of Burn, but I didn't steal it from them. I was influenced in the same way that every other ALT Coin in existence was influenced. Their launch did accelerate the launch of Digital Credits as I was originally shooting for a January 1 launch. But that is the extent of their influence on this coin. And keep in mind, Barr is posting in my threads, I'm not posting in theirs, that should give you a good indication of who has the better character.

As far as my replies last night goes, I got a little out of hand. It had been a long day, I was stressed out over the pool issues, and had consumed a few beers. Then out of No where the Barr trolls started attacking my character, to say I overreacted is a fair statement. But I am going to try my best to make Digital Credits work. I'm here to stay and I'm not going anywhere. So FUD away on me if your like, I'm from Brooklyn, I can take it.  8) At the end of the day I will still be here standing, and so will Digital Credits.

So are you still going to burn the same coins as BARR, in order to "crush" us? 

Or are you going to focus on your own project and stop trying to attack other people's character?

We are going to focus on our own project, we suggest that you do the same. As long as you stay out of our sandbox, we will stay out of yours. My apologizes for my over reaction last night, but I do not react well to personal attacks. I wish you and your project luck. There is no reason for us to be enemies. But if you continue to attack my character, I will fight back. A war between us benefits no one.   

I was NOT going to "FUD away on you"
i simply pointed out what others already alluded to.. your poor reaction and commentary here.
You typed it out and hit submit.. don't blame Spoetnik's FUD on this one.
..at least not this time hahhah

Ya'll love making me out to be the big bad evil Troll LOL

And i will i admit sometimes i skirt on the edge a bit ;)

that is because..

http://i67.tinypic.com/nmdjc9.jpg

I love ya Spoetnik, I'm honored to be FUDed by you. That means i'm important!   ;D

Fine then consider yourself FUD'd LOL

I have a gift for you in exchange for some Burn credits maybe.. we can work out trade details later.

http://i63.tinypic.com/2wp2pfr.jpg

PS:
It's entirely up to you what you put in there ..i won't ask questions ;)

Oh my, I think I'll pass, I don't love you that much!  :o That picture is so disturbing, please tell me that is a Photoshop and not a real product? Who would buy that? OMG, LOL!