Bitcoin Forum

Watching. Looks interesting.

Any more information that can be released about this? Adoption is the golden goose.

"counterfeiting and fraud in token ownership and transfers." Anything that can improve this in crypto is a good thing. Looking forward to watching this as more news comes out!!

We plan to release more information in the coming weeks. Stay tuned.

Nice.  Bookmarked and will watch.

Lets see what is this all about when we get more info about project.

Ighting against frauds in crypto is always welcomed

youre not explain detail CP coin dev
not write roadmap youre project
and who is handle ico selling, use escrow or not, and any bounty dev

Developers will not receive any funds from CP distribution. The original plan was to burn coins in exchange for CP tokens, but now the CP distribution will be based off of donations made to nonprofit organizations supporting crypto. We will put out a list of nonprofits to choose from before the distribution.

reserve indonesian translation

Noted thanks.

were it the new algo ?

Looks interessting, bookmarked.

Regards

POW will be Dagger-Hashimoto with some custom modifications by the Cypher Protocol team. We are calling the algorithm CPDH. Detailed information will be released prior to POW phase.

how many coin you put aside for initial distribution and at what price for each ?

after modifications can it be mine by rent hash or only gbu ?

100,000,000 is the initial distribution (charity phase). PoW will continue until sDPOS phase begins. As sDPOS provides chain security, there will be no cap on coins. We expect overall inflation rate of 2.5%.

GPU only is the goal of the modifications. The POW phase will not be long enough for ASICs to be developed or modified....we hope.

I am scared of becoming like NeuCoin

The team are all long time members of the crypto community and are doing this project as a service. Cypher Protocol is not doing an ICO, not taking any premine and not asking for any investment. The tokens will likely not be added to an exchange for a long period of time. The team is giving the CP tokens away for provable donations to nonprofits helping push innovation in crypto. This project is very real but also will be very slow.

whether there will be mining for this token?
and whether to use algo mining for like eth

The information is in previous comments. Read above. Thx.

Another token, I will like to know how this coin will derive its value. This could be interesting if the economics behind it is laid out properly for all to see

The token should not have much/any value unless a working platform is produced and then found useful. This will be a slow moving project. We will not be doing any kind of promotion of the token or attempt to get it listed on exchange. An evenly distributed token is necessary for the project so we are not doing an ICO, not keeping a premine and not asking for any investment. Our goal is to push crypto innovation forward. As evidence of this commitment, we are giving away all initial CP tokens for donations to nonprofit organizations involved in promoting crypto. If you acquire any of these tokens, plan to sit on them for months or years before they have any chance of having value.

Is there a plan to distribute it to individuals?

Hoping that the above statement is really sincere and true.
Nowadays, it's very rare that someone is spending his time, effort and money in exchange for like charity services.
Unless, he's already rich and doesn't know where to spend money or just being contented with his life and finding his true purpose in life.
I'll watch how this project will evolve and you'll never know, I might see the meaning of life here.  :D

From OP:

In April 2017, CP tokens will be distributed to users who make provable donations to nonprofit organizations supporting crypto. Funds will be sent directly to these organizations' addresses and in exchange, CP tokens will be issued to the sender. Cypher Protocol developers will never have access to the funds and the developers of Cypher Protocol will not receive any income from the coin distribution (but may participate in the charity donations and receive coins).

This is not a giveaway, CP tokens are given in return for donations to nearly any legitimate nonprofit organization promoting crypto. If you have a favorite charity, please list and we will vet them.

Every member of the team has been crypto developers/investors for at least four years. The team is well funded from life and from crypto and does not need any investment from the community. This will be a slow project and we will not market the token or look to get it on exchange for a long period of time...6 months to 2 years. I won't be here answering questions 24/7 once distribution is completed. We don't even have a website.

We need an evenly distributed token but don't want to give it away as it would be a throwaway and not protected. Token burn was our first option but then we thought to give CP as incentive to fund crypto nonprofits.

nonprofit organizations supporting crypto

Where does this exist?

A place to start:

https://en.bitcoin.it/wiki/List_of_Bitcoin_non-profits_around_the_world

If you find any others let us know prior to April 1st and we will vet them.

Waiting CP more information like crowdsale and bounty campaign

There are no crowdsales and no bounties.


From OP:

""In April 2017, CP tokens will be distributed to users who make provable donations to nonprofit organizations supporting crypto. Funds will be sent directly to these organizations' addresses and in exchange, CP tokens will be issued to the sender. Cypher Protocol developers will never have access to the funds and the developers of Cypher Protocol will not receive any income from the coin distribution (but may participate in the charity donations and receive coins).""

This will be a slow moving project. We will not be doing any kind of promotion of the token or attempt to get it listed on exchange. An evenly distributed token is necessary for the project so the Cypher Protocol team is not doing an ICO, not keeping a premine and not asking for any investment. Our goal is to push crypto innovation forward. As evidence of this commitment, all initial CP tokens are being given for donations to nonprofit organizations involved in promoting crypto. If you acquire any of these tokens, plan to sit on them for months or years before they have any chance of having value.

This is not a giveaway, CP tokens are given in return for donations to nearly any legitimate nonprofit organization promoting crypto. If you have a favorite charity, please list and we will vet them.

Could be fun. Creating something new and exciting whilst helping non-profit charities around the world. Watching.

Great idea but bad ticker. Seriously guys, think about changing it.

Sounds good. I will keep my eyes on it. ;D ;D ;D

Better? I don't think anyone on the team cares about tickers, logos and such. We are interested in putting out secure, stable and useful systems.

Great to hear that Dev.
I'll be closely following this thread then, as this one seems to be genuine up to the extent of its core values.
I want to see the progress of this project even if it's a slow one. I'm not in a hurry either.

Concur. For once the possibility of something with meaning outside of the p&d scam scene.

I rather see slowly and steady approach than hit and run, becuase most of the time you get more results in the end.

And this is the problem. You shouldn't underestimate branding. Just look at PIVX after rebranding from DNET and hiring good marketing team.

The Cypher Protocol team is creating what we think are useful tools. If the tools are actually useful, the CPT may one day have value. 'Marketing' solely for the purpose of increasing the price will never happen here by the developers. Maybe it would be better for you to find another project to participate in, or do some good, give a little back to a nonprofit and get your CPT...just don't expect marketing, promotions, or coddling.

I got your point. And yes, CPT is better than CP.

 I'm curious 'bout this distribution scheme

It's not a scheme. We were going to have BTC/ETH sent to burn addresses in order to get CPT. A suggestion was made and the team agreed to reward CPT for donations to nonprofits in crypto. There will still be a burn address as an option if anyone prefers.

The Cypher Protocol team is not doing an ICO, not keeping a premine and not asking for any investment.

Other questions?

zero premine ? no bounty ?

Correct.

Indeed.

Hope to post more detailed information!

Does the project continue? How so quiet? >:( >:(

this mean not open bounty to
or still open bounty, maybe translation, social media campaign, or signature campaign
if open bounty translation i want reserve to indonesian languange