Bitcoin Forum

Coinage is a 5 6 year old project that is nearing completion. We will be reaching pre-alpha testing in the following 1 or 2 months and making the project known to the community. The coin has been in development for a long time, we have been including the best pieces of different projects we could find over the years. This is a massive project with thousands of hours of coding. We have had many developers join then leave the project over the years and will be releasing under a slightly more restrictive license than normal to avoid a mass cloning of coinage at release.

If you have suggestions for future features anyone would like to add to coinage ( once released ) we will be using a system similar to BIP through btc. The issues are updated on our private git and we will take ideas we have not already added and attaching them to our project as future updates.

https://i.imgur.com/2j3GxVi.png

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

https://i.imgur.com/0oUqwqD.png
This is a mockup of the card that will be launched by our partners at ACT.

We will setup a full ANN and list features when we are closer to launch.

There are no plans for an ICO, there will be no premine. The website will be launched before launch.

Update: Syncing has been achieved. Testing is in process. We have completed a deal to purchase full ownership of the domain and move it into safer hands for a registrar. (njal.la) We were sharing the ownership but were able to work out a deal for a buyout.

We have reached a milestone today with the sync, we have made it possible to turn sync into a background process which can pull only headers to accomplish sync, full chain will no longer tie up large amounts of system resources for days or weeks.

We will be eliminating script from the coin, writing it out will take some extra work but we feel this is a necessity. The script feature of coins has been a oft ignored attack vector. We will be removing it completely. Then our last item will be testing staking, once staking is functioning as intended, we will go live.


Alpha Wallet can be downloaded here :  https://Goo.gl/yoc7EV (https://Goo.gl/yoc7EV)


https://i.imgur.com/hpntt3h.jpg
The transaction states of coinage.

The coin will be asic resistant, no more info is available yet.

Pardon the deletion, reserving the first post for other updates.

no ico no premine, then? airdrop?

ok.. i read the two magic words "ASIC resistant" but do you alredy know if it wil be GPU resistant and will be meneable just with CPU???
i mean like verium... or Magi

:) Suggestions:
We need a Slack community channel
We need a proper Facebook Group and Fanpage
We need an active Twitter account
We need active reddit, steemit, medium, twitter and youtube contributors
We need a proper functioning website
We need a proper written white paper
We need a proper bounty campaign thread and airdrop
We need a proper mining pool
We need maybe a github

Please, send me some coins from this project as a bounty for the suggestions  ::) . Thank you so much!!!  ;D

Follow me on twitter to get updates about this project: https://twitter.com/Ontologized

Dev please contact me for bounty proposals,

Wish you all the best,

Same question .... Airdrop ?
or POW ... If so which Algo ?

no ico, this is a sensation

It will be mined, no current plans for an airdrop.

As for the algo, that is a complicated answer which I cannot get into. Lets just go with that once testing is done we will know if it works as intended. Lets just go with a hint of, we intend for it to rotate.

i think could be better an airdrop.
is the easiest way.
just think about the byteball success!!

Your opinion is much along the lines of how we felt with both byteball and the ICOs. We do not plan to repeat the mistakes of the past for coin releases.

Dont think byteball will be distriyed after the distribution,as the technology behind it is very innovative.

Why is there no ICO for this project?

great project with no ico no premine, i really like the coin with this fair launch

but how to mine it ? only use cpu ? i am afraid of botnet

The mining will likely require a bit of a learning curve, but that is part of our current issues to resolve in implementing a simplified cpu mining. GPU may work at first....but likely wont be useful for mining after the first week, maybe even 1 day depending on the mining turnout.

No ico and no premine, these words comes like magic to me! i'm closely following this project, the domain name is registered in 2013 so that checks out, but please make a coming soon web page and not leave it an empty index like it is now.. I hope all the best for this one.

Has any code been written for this?

What is the driving motivation behind your project?
Do you have commercial goals or is this for the challenge and to create a community?

There's many projects out there already. What makes yours special?

What is the use you have in mind? As digital currency or a platform for Dapps or something else?

i hope airdrop, the best easy way

I hope
Only cpu pow+pos

1. To make a coin that is done right, with proper code and patience and unit tests. Not to mention correcting mistakes that were made over the years on other projects.
2. We did it for the challenge and the community will come together on its own, we wont need to create the community as they will see our work proceed from there.
3.  ;) I guess everyone can make that decision once they see it.
4. The same functions other coins have in mind....with a few add-ons, plug-ins, surprises, and libraries.
5. Yes, more than 20,000 coding hours, refactoring, unit tests, OOP, design and planning.

"best pieces of different projects we could find over the years" + "mineble" +"no ico\premine" = I'M IN

Good morning

Just the first time I see this thread. Lets see which direction this project will move. I will follow the thread to see how serious progress is going on.

We will update the thread once we are ready to go live. So yes mark it down to check back later.

I belive airdrop is the best for begin. btw Only cpu pow+pos is cool too

3 days since announcement and still no info. i hope devs have not abadoned the project ;-)

We will setup a full ANN and list features when we are closer to launch, when is it?

Yeah 5 years, then these last 3 days....rage quit.

Any updates here?  Very exciting project. 

Any further update on this project ?

Quick update, we are proceeding nicely towards beta testing.

Some features we thought we could drop into the thread to wet appetites. Keep in mind we are in alpha on the main wallet and these features will not be available at launch.

1. In wallet Integrated p2pool with UI
2. Crowdfunding escrow without tokens.
3. A reward and difficulty throttling system. (This will be functional at launch)
4. Donations via mining or through simple buttons in wallet, we will be paid based on user satisfaction with the wallet. No more paid development then disappearing in a cloud of disappointing flames.
5. Automatic checkpoints and optional full chain download.

These are just a peek at what we have planned once launch is complete.

There is no ico because users would be paying for a token that would just be cashed out and hurt the token value.

If you have further features in mind post them here so we can have the wallet prepped to accept them at a later date.

5 years in development, some of the best features from coins along the way, No ICO, there's a lot to like here. Keeping an eye out for the full ANN for the rest of the details. Hope it's worth it ;)

Marked..

We will setup a full ANN and list features when we are closer to launch. Testnet and screenshots should begin next week.

What about this ?

where can we see the source code of this project

You cannot, we will not be releasing source until launch. I have screenshots already, just waiting for a couple of things to be finished before posting them.

I'm really agree with you, Byteball made the rich richer, that's the story. Now it's time for a third generation. A new deal ;)

can i join the airdrop?

Are people like you even reading what it's about or just randomly ask for an airdrop on each thread that pops up ?

Keeping an eye on Coinage. Please create a slack or some other sort of community communication group for a good conversation between the devs and the community. Thank you.

btw any word on the algo? any ETA of genesis?

Any news?

https://imgur.com/2hp5o8v

Testing is ongoing, blocks are successfully syncing and transactions working as intended. It will be big gaps on the updates, sorry but this is being done the "right" way.

The block explorer and miner are already integrated. We are working on integration of the final features that will be live at launch.

Awesome I love it mannnn!

SUper stoked on this one, glad to catch it pre-early lol!

Keep chuggin along!

thxx

Users will be able to mine directly from the wallet by pressing the on button and choose how many threads to utilize. This feature just passed testing today.

Block explorer is working but we are improving it now.

Block rewards and difficulty, all calculations usually users would retrieve from a online calculator have been Integrated into the stats.

Rewards and difficulty will adjust every block, testing has completed on this point, we are very proud of this achievement.

Wallet blocks have moved all into their own background process to allow downloaded blocks to be segregated and require minimal RAM. We estimate a 80-95% RAM usage savings versus btc and other clones. This is a massive achievement we are also very proud of and required months to develop on its own.

Segregated block folder will be by default assigned to each user in windows to avoid other users accidentally deleting another users chain or wallet.

Congrats on the new update. Looking forward to hearing more.

We will be around to answer questions for a couple daya before we move to beta so if you have suggestions or anything we may not have thought of already please let us know.

Do you have a whitepaper out?

No, we will write one upon completion.

Today the stats tab has been updated, if you have ever had anything you would like to easily track in a wallet please let me know so we can add it.

When are you guys planning on doing a full ANN, this project seems interesting!

Once we feel comfortable with the stability. Also we are removing scripting due to a potential attack vector we located during development within the source material everyone uses to create new coins.

Word to the wise, encrypt your wallets, and do not use the same address twice. This is the source of a potentially major issue inside btc and other alt coin wallets.

Just a suggestion, I feel that a lot of cryptocurrency lack simplification for mass adoption and requires an above-average knowledge of tech. You guys could really break ground by making all the features simple and accessible by making it so a baby could use it, so to speak.

Also will any pre-mine occur or is this 100% fair launch?

some more info would be good, and you need to develop a community for the coins, slack, discord would be good

They're still only doing a Pre-ANN, all that stuff will come out when they do the ANN

This is in large part what is causing us to go slowly. Much of the refactoring we are doing is to separate and simplify functions. We are working on setting up css as the main way to handle themes and look of the wallet.

Hardwiring as many of the major items we use in a wallet (or would like to) as possible. Mining is the first we updated. Staking is next, we will be renaming it to interest in the wallet for example. And we are working on integrating a fork selection process to ensure you can stay on the right chain even as a layman.

As for a fair launch, we want it to be fair, thats why we will be setting up a donation system directly from the wallet ( or another system) we didn't decide yet. To ensure we can be paid based on merit of the work users see.

Some ideas for donations we have floated we could use feedback on....
1. Auto populated address in a banner explaining we need donations.
2. Minimal % of network fees auto donated to dev team ( can be turned off in settings) probably around 0.5% fee or something small that noone would miss.
3. Destroyed coins sent to dev team for first year.

These are just examples, but please let us know what would be the best way to make users happy and simultaneously allow us to cover expenses while working continuously on the coin.

Once we have escrow setup, we also should be able to do a Kickstarter inside the wallet similar to tokens, but this is not finished yet. This is another possibility for funding dev team.

If anyone has any feature questions or ideas please pass them to us now so we can continue to integrate them as we get closer.

This seems very promising, This thread was on my watchlist for a while I thought it was dead. I'm really glad development is still ongoing, steady growth is really nice to see these days.

I think to begin you guys should do the banner ad in the wallet. I know it probably won't give you guys the most capital to work with, but it will also be the least disruptive.

I think the other 2 options I can see a lot of people complaining and not using the system because they think the devs are collecting an unfair fee or something along the lines. Especially for an early project I think the less the things the community can find to harp about the more the community will grow cuz they don't see any "flaws".

Later on when/if the community has grown you guys could float the idea of a developer fee that has some oversight so people don't think it's just going into an individual's pocket

Also I like how you guys changed staking into interest, just a small change like actually goes a long way.

Just another suggestion that I don't know is possible or not, but maybe it would be good to have little boxes appear explaining what something does or means. For example if I hover over "interest" a box will appear giving me a brief explanation of what this function does in layman's terms

Yeah it was such a little thing that we had not seen done before but would simplify it.

I like the hover concept I will scrum it.

For development fees, we dont want to have to add something later when value of the coin is up. We would rather just have so many that are sent to our address then can be escrowed (if we feel escrow works well by launch) until so much time has passed so it will be known we dont have access to them until later. This is another concept we discussed. The banner does sound least invasive but with how crypto works as a community I could see us just receiving nothing. Maybe we could just take donations for bounties and they are all paid to the dev team since we are going to integrate everything into the wallet eventually. I am rambling but we want more feedback, which of the evils will be the least likely to piss everyone off.

I am going to hop on and get a screenshot for the miner so you can see an idea of what we are doing with it.

In that case I also like the 3rd option, destroyed coins being sent to the dev team for the first year, that's also not very invasive and only for a year when the community around the coin is more understanding compared to years down the line

Ok I will look into that option and see if its viable. Please post any further ideas.

We have a fork manager in development, and have covered most major issues we could think of along the way. Any ideas on other items that just annoy or hobble btc or other coins we want to get this right on the first shot. We plan to go live on January 1st if everything is completed and tested by then but now is the time to give input on potential problems.

How much privacy does the coin have, would you put it more towards Bitcoin or towards Monero; or somewhere in between? I feel like privacy coins are starting to come more to the forefront

Also does the project have completely original code, not a fork of anything?

What do you mean by more restrictive to prevent copying. Will there be closed-source portions?

In terms of developer funding, I think you guys could take a page out of Monero's book and do something like this https://forum.getmonero.org/8/funding-required

Considering we researched each anon coin before and during development, I would say this will be the first coin that will be capable of actually being anonymous due to the way transactions are handled by default.

As for code, its original although we did use btc and other coins as a reference when we wanted to see what not to do, or what worked well.

The best part of taking so long to develop is that we had time to see the failures along the road.

Thus, 100% original code, all ready to accept the features satoshi discussed and even some he had not considered at conception.

I am getting PMs for advertising and bounties etc. Please hold our enthusiasm until launch, many of the "normal" coin features for bounties will not be a option with our launch as we have integrated them into the wallet.

If time permits we will be tackling a rewrite of p2pool for use on coinage as an example.

https://imgur.com/a/s6GNK

Here is another screenshot.

https://i.imgur.com/OZkthFv.png
That has been made clearly.that's cool

That is the general idea, monkey simple.


https://i.imgur.com/cRY37dc.png

We will continue adding any stats that make sense to have on the wallet. Let us know if you see anything you would like added or see anything missing for that matter.

I sort of see a reoccurring problem occuring with mining, seems like nicehash does a lot of flash mining, spiking difficulty. Do you guys have any plans to address this. Also, is pool mining detrimental to a cryptocurrency, if so is there any way to prevent it?

I can't disclose that portion of information but....that issue has been solved with regards to nicehash or any pool. But lets just say its resolved.

Pool mining is detrimental, which is why we are simplifying mining. And yes it can be prevented....and it has been taken care of with the features we have implemented.

Your questions are excellent and touching something we invented for this project we cannot explain yet....

It's refreshing seeing everything one needs right in the wallet, I'm really looking forward to this. Can't remember the last time I've been this excited for a project

Will there be a reward for running nodes?

Also, with the current scaling issues facing Bitcoin, I assume you guys have your own solutions in place for ensuring scalability and fast transaction times?

The information was all ready to be utilized by anyone for years ever since ecash and btc were conceived on paper. All of it was available for everyone to use but the patience was always a factor for all developers.

Yes we have prepared for scaling. The btc solution for transaction times was adequate, the issue comes from congestion that everyone is now experiencing. And not to mention the possible problems that come up when you deal with bad actors.

For nodes no, because you cannot really know who is and is not running one. And you can't verify it after the block is mined.

What maximum coin supply amount are you guys planning on doing?

There will be no maximum....and this touches on the same information and balancing system we have created I wont be disclosing yet.

All these issues were related in several ways and the same solution was used for them all.

We will add as many of the features at launch as we feel are stable.

The supply, difficulty, rewards and fees wil all be directly tied.

Interesting, so this will be an inflationary coin then?

Yes, but with a massive balancing act included.

Hmm don't know how I feel about that, but will wait to see what the "balancing" entails

This project looks interesting and I am following this thread. Don't want t miss the launch for this one.

My understanding of the project is that, although I understand is not very thorough, but the basic situation is understanding, application direction of the project is good, can solve practical problems, too many projects to solve practical problems of too little, optimistic about the project

https://i.imgur.com/Cd6EywR.png
https://i.imgur.com/uQ7NA2w.png

Need to adjust some of the button sizes but everything is functioning as intended.

UI refactoring is continuing today, there should be more screenshots this weekend.

I don't know what you guys think but do you guys think the side bar on the left should be rotated to the top for ease of reading and probably just looks a bit cleaner. I know this is just pre-alpha and wallet appearance isn't as big of a deal

This is just the beginning, we plan to allow css to dictate orientation once the wallet is completed.

We have successfully setup the wallet to be capable of an easy transition between different algorithms (todays tests showed it functional). We have been testing it for a while and likely wont have the rotating algo ready at launch but can move to it later. We had to make this an option with looking forward to quantum computing.

Having different algorithms is relatively unique right?

Hi, what is the advantage of the ability to switch between different algorithms? Could you explain that in easy words for me? :)

I think there is one more coin with like 5 algo's http://myriadcoin.org/en/home (http://myriadcoin.org/en/home)

The first major advantage would be asics would be pointless. Even fpgas would be a poor use of time unless you were to program them for every possible algorithm.

In the future, we will have to adapt the algo to handle quantum computing. This allows us to make the changes seamlessly.

Yes.

Relatively. Myriad and Digibyte come to mind as two coins with a multi-algo PoW implementation.  Still exciting to see more coins with this innovation.  I've been watching this ANN for a while and glad to see there's finally some movement!

Its not the same system they use, and we are using original code.

What is the driving motivation behind your project?
Do you have commercial goals or is this for the challenge and to create a community?

It was commercial the first year but then it became a pet project that we simply continued and almost never expected to finish. But as time passed and more got done we eventually came to realize we could produce something that has not been done before. A non premined user driven currency minus the cash grab.

If the community grows as expected then we will start working on plugins to add to the wallet.

How can we be more involved in this project? 

Support development once we launch. We will be throwing our work at everyones feet and saying have mercy on us and donate. As pointed out earlier in the thread beyond asking for donations...we cannot seem to be able to find the perfect method to support the development and not be invasive in our requested support. So a donation button will just have to suffice and we will hope the community will see our intention is to build something better minus the hurdles ethereum has had. We know vitalik and something that came up more than once was the issues with him being hindered by campaigning at conferences and events when he should have been coding or planning.

We will not be seeking corporate investment, this is for the community to decide if our work is worth their donations.

We will not be requesting any donations to the development team until users can use and test what we have developed.

so, how can you develop the project without funds thats usually collected with ICO ?
are you and your team do some self funding for thus project ?

We have self funded up until now.

ICO is a nice concept that is so thourghly abused that even if we did do one no one would be able to truly believe that we have worked on this project to benefit the community.

Besides, ICO didn't exist when we started the project, back in the day no one did an ICO they premined or scammed extra coins to dump on the market. On coinage that will be impossible to achieve.

Bitcoin and many other cryptocurrency were funded without ICO, you don't need an ICO to develop something, although of course it is easier. I commend these developers for taking the less popular route in the current landscape

Precisely, it will be back to the good ol days.

How's the project coming along?

We are doing UI work at the moment, refactoring everything.

Good project! We invite you to our ICO list, it helps you with funding. Good luck, guys ;)

This is a prime example of what we should not be using as a bar to entry for a project worthy of investment.

How would it make sense for us to release an ico while having published nothing and show nothing to the public yet?

He's probably just spamming that in every thread.

But that aside, I plan on following the progress of this 5 yr long project.

We have put a lot of time and work into the project, and even if its a short time period...this should always be the case. This is just like EA and the outrage people have at loot boxes online. Transfer the anger to the bureaucracy surrounding the dev teams and forks it keeps causing.

We will be operating with transparency, so if you pm us be aware your pms may be quoted here.

This is something we will not be doing. If users want to pay to add coinage to an exchange, your money, your decision. However, we will not be wasting funds donated or otherwise directly on exchanges. If the users demand it, exchanges will choose to add it on their own. Soliciting funds from users will only eventually prompt one response from us, encouraging us to add an exchange to the wallet. This is not currently planned so lets not push it.

Would there be some way to show transparency in donated developer funds, it could probably lead to more donations if people see what is done with the funds

We already have that planned, we are working on a escrow system for second stage. So if we dont reach x in donations they dont get released or something like that. We aren't done hashing out details yet.

When did you guys start working on this project? 2013?

We began planning beginning of 2012, but didn't have a name we liked until 2013 which is when we made a deal to use coinage and recently we bought it outright. Actual coding work began January of 2013.

I want to point out, we began the work due to infighting of developers on btc, even back then not much was being done. Mtgox was having issues and bitinstant was asking for people to join the bitcoin foundation. It was a mess and we felt there were better ways to handle everything.

Hi Coinage.org, thank you for the answer. It makes a lot of sense to have that functionality then! Appreciate your explanation.

After testing is completed we will give the coin time to build up a following and value. Once its established that coinage is the new benchmark which alts will be measured against we will open up the source to the public. I mention this since this is adjacent to the subject. This is a new way of handling blocks, headers, transactions, syncing, tables, rewards, distribution, etc

We are not going to just let it loose to be cloned endlessly by fraudsters. We were thinking of holding back the source until the coin reaches a certain market cap but we can discuss it later.

As long as you guys are transparent with everything I don't think there will be a problem.

Will the team remain anonymous?

That is the hope yes. And anon is the reason we have bought out people we were working with over time. We want to minimize potential leaks.

Mining tab tested and works as intended, refactoring complete. We have 4 more tabs to wrap up and test for issues.

We have reached a point where we can begin planning for graphics. We tend to focus on backend and functionality and scaling/security. As a result, we never designed a coin look or logo. So if anyone has a concept laying around or a coin logo lets take a look and begin planning for the release.

So far we have been using the ₡ symbol since it is already in unicode.

Should we be worried as users about getting hacked or something since some of the code is closed source and dev team is anon?

I think the  ₡ symbol is perfect and a good start!

The code in jar files is visible to users through decompilers but it wont be pretty like the source, so that is an option to look for anything malicious. You can also run it inside a vm or a docker container.

wow a project with a competent dev that isnt asking for money

gunna keep an eye on this bad boy

We won't without offering proof of our work... Then we'll ask for donations, and if people like our work they'll donate.

This is the business model that disappeared years ago. With crypto being so popular we need to go back to the roots.

I know you said there's no maximum coin amount, but are you guys aiming for an amount that will the max supply will always hover around due to coin loss balancing with coin supply. If so what amount do you guys see this as? In the 10's of millions or in the 100's of millions

I cant tell you yet, but let us assume it will be taken care of immediately always, no need to worry about too much inflation ever.

Seems like a lot of the new mineable coins that pop up say they will only be CPU mining or CPU mining first. However, in a short amount of time someone figures out how to use GPU mining and creating an advantage. Sometimes the Devs are even involved in having GPU mining set up for themselves to mine the coin faster than everyone else before they catch up.

Will the same problem occur with this coin, will you as Dev's have GPU mining set up for yourself while everyone else is CPU mining through the wallet? Also will people be able to figure out ways to GPU mine before it is introduced in the wallet?

The system we have set up to balance everything inside the coin will render strip mining / farming counterproductive to their own farming. So it won't really matter who is doing the mining it will always be balanced. I can't really go into more detail than that at the moment.

How many people are on the Dev team currently?

We have a cryptographer, cryptanalyst, mathematician and some support members. Only the cryptographer and cryptanalyst know with what we are working. Support members and mathematician have limited git access.

If we have time, you could even send us a math problem to work on ( as long as it doesnt take too much of our time )

We have 2 more of the tabs to refactor then we can move onto the features we discussed before.

So we don't need to worry about someone having GPU mining whole everyone else is CPU mining.

Or, as is the case with other cryptos, the Devs having GPU mining while everyone else is CPU mining

Nope, and they cannot strip mine the coin anyways. It is not possible, we have limited the amount that can be produced.

Interesting, so a coin that truly is decentralized and fair to all users

We will have a test run, and we would like to have a legendary member if possible who is willing to test it.

A test run of what?

The wallet binaries.

We would like someone who has been around long enough that there is no question they are a real community member, no offense to any users who haven't been around that long.

PM me if you are interested.

Still on pace for a January ANN ?

So far as long as no major bugs appear during testing.

We are still looking for users to test if you are a hero or legend pm me if you would like to test a 100% original code wallet.

Looks like none of them would like to test the wallet first.

Back to work for now, will be back to update near end December.

I am willing to test but I am only a Member here at Bitcointalk.

Plugins are almost functional, So, instead of other softwares interacting with the wallet, the wallet would interact with them in coinage. Because exposing extra ports allows for possible attacks. We are not going to make the wallet accessible through api like all the current ones, only through plugins for greater security.

I would be willing to test wallet, but completely understand why you guys want Hero or Legendary members

I like the sound of this project and while this account isnt Legendary, my other one is.

Let me know if I can help with command line testing

Im no where in the league of jl777 but i can copy/paste command line commands like a pro and can vouch for jl777's other account being legendary.

Excellent, when we have the binaries ready will let you know.

Do you guys see any issue with being sort of late to the game, in that the market is so saturated with coins?

Considering kittens are lagging ETH, BTC is slowing down more than ever and xrp is centralized and all of the alts are built on the back of a flawed product...no, not really.

Btc has over 100k lines of code and does not function as intended, about 10k are useful. Ltc is a clone of btc, same issue. Monero is semi unique and is in the same boat. Bloating and scope creep have a way of weighing down many projects, especially when you dedicated yourself to making money as your solo occupation with regard to the project.

Our entire project so far is 9k lines of code.

Do you think you will run into the same problems that you stated about the other coins? Assuming lines of code will only get greater as the project progresses

Edit: Kittens lagging Eth LOL

5 years of planning and optimization should allow us the freedom to make the necessary changes if any of these problems ever occur.

These are the items we are currently working on to round out the codebase, most already function but we are tweaking, testing and debugging.

Check all incoming transactions for validity.
Ensure the database is not corrupted.
Reverify blocks read from database.
Make the transactions propagate the network and get into current mining blocks.

Javafx issues forced us to hardcode the UI dimensions for some components. This will move to the back burner.

These are some checks and tests we are writing now. After these last few hurdles we should have binaries to distribute. Exciting times ahead.

How close would you say you are to mainnet launch

We are aiming for January. Depends on if all continues as planned, we are fixing bugs, not leaving them and calling them features.

Have all the team members been doing the work for free, or are you paying them? Also, will the team remain anonymous forever?

Also, assuming the Dev team will grow in a volunteer capacity if the coin grows. Not like the Blockstream Dev Monopoly that has institutional investment behind it

They have all been paid except the 2 which are discussed earlier who have funded everything.

Anon will be each person's own decision. I know one dev is planning a full white paper and technical explanation of the entire coin. As to when that would occur I cannot opine.

Correct about the devs being volunteers... I cannot go into details but the plugins will change the way everyone currently interacts with coins and it will be more secure for everyone.

Another suggestion I thought would be good and I haven't seen would be wallet update notifications through the wallet client itself. Especially since a lot of people including myself get lazy or just don't notice when an update has been pushed out.

Already on the list of features to add, including optional automated signed updates.

Cool stuff, looking forward to release,

The goal is to accomplish what everyone preaches but may have been beyond their grasp. Let's get any other ideas on the table here so we can prevent potential issues before they have a chance to even enter the arena.

I am being inundated by requests for us to buy into icos and other projects asking for help. Just stop we will not be doing either, we have a project in which we believe.

Does anyone have ideas for logo design? What colors should we use? Opinions?

Something like these ?
https://image.shutterstock.com/z/stock-vector-currency-symbol-costa-rican-and-salvadoran-colon-symbol-on-gold-coin-money-sign-vector-582816757.jpg

https://images.cdn3.stockunlimited.net/preview1300/costa-rican-colon-icon_1635573.jpg

https://d30y9cdsu7xlg0.cloudfront.net/png/90363-200.png

Out of those 2 I like the top one better, not a fan of the green logo. The black one on the bottom is okay, but a little to basic, i put it above the green one

my favorite color is black. simple is best.

I feel like the gold coin logo pops and looks more modern. It also fits the name "Coinage", definitely my favourite out of that bunch

We are going to straight take ideas from the colon so there is plenty of source material to use as an idea. Just look up costa colon symbol.

Is the whitepaper on track to be released at the same time as ANN?

I am interested in the concept offered by this REAL project, I will invite my friend to invest a bit here and support the real project. Good luck!

Do you guys see PoW as a problem in the long term due to the high amounts of energy consumption it requires, or is your version of PoW more economical?

The white paper is on the back burner until testing and launch is done. Basically it is not the priority over the code itself.

Thank you for the interest in the project. We aim to launch and make it available to everyone in a manner that manages PoW and PoS in a complicated balance. And with the way it is written we can swap in others at will. The energy consumption wont matter eventually as PoS will become more popular down the line.

This will encourage more users to save their earnings or buy more and hold them to gain interest and with some luck we will all see coinage value high enough to allow users to skip 401k and gain interest outside of a bank or brokerage. The unbanked should then have all the tools they need to avoid using bank of murica.

I feel it might be worthwhile to try and add a whitepaper when you do the ANN, it seems to add legitimacy in this space from what I've noticed! Not saying that you guys aren't; I just mean for the future forum members who come across the ANN and immediately start saying scam or otherwise because their isn't a whitepaper

We will endeavour to pique everyone's interest.

How's it going guys, how's everything coming along, exciting updates?

I'm still following this project and am interested in it.  Do you have a GIT or another repository with code available for review/inspection?  How is everything coming along?

Everything is coming along swimmingly. The gitlab we utilize is private and is not reviewable by outside users yet. This likely will remain the case for a long enough time for us to establish dominance in relation to this particular code base. If someone wants tl review the code they are welcome to decompile it, but we wont be writing code for five years to give away for cloning until we are assured of our position.

Will it be an all new mining algo?

It wont be like people have used before.

So you're planning to drop compiled binaries with no source code and expect people to adopt it?  General rule of thumb in crypto is not to trust the counterparty...

Considering people are now essentially preordering currencies with ICOs we are content with the reception we have received so far to the plan in place. We are doing the best we can with the current circumstances in the crypto world considering all the potential abuses bad actors would utilize and mitigating them as best we can. I agree with not trusting counterparts, however the concept seems to have been lost on the modern user base.

Merry Christmas team and almost happy new year, hope everything is going well

Any updates? Getting close to ANN?

We have a major core feature to wrap up before live tests. Fork detection and tracking, which will enable the network to track or ignore the chains that pop up based on chain length.

After that more unit tests and some maintenance and we can send out binaries. Hopefully everything continues to move smoothly.

I really like such an affinity writer, know how to interact and keep up to date, and I am very confident in my technology. If you can add some community marketing, it may be better, it will become very lively here

Today we met with a company interested in partnering with coinage to use as a trading pair for commodities, equity and forex. We would like to know if any one can give us feedback on whether this is a avenue the crypto community would support?

I think it would totally be an avenue the crypto community would want to explore. Anything to elminate the middle man, I'd like to say goodbye to Etrade

This certainly would give more legitimacy to coinage in the main markets than is currently available.

Their existing platform is in compliance with kyc, ftc sec etc. So we would like community feedback on if this is an avenue we should take.

Don't see any negative effects this would cause if you guys took that avenue. So in that case I'm all for it! Would like more information about it though before being 100 percent certain. But I see it as a positive because it adds legitimacy to the coin

I agree. But without more info, it is difficult to ascertain whether there are any possible cons.

I know you said mining will be in the wallet, but as the difficulty increases will you also make it possible to join a pool from within the wallet?

Also I know you said full ANN sometime in January. Do you have a specific date set?

No date is set, it all depends on when the wallet is completed and tx are all moving as intended.

Still watching this project and excited about it. 

Paging Dr. Coinage.org!

Hi there - I’ve been eyeballing this project for a bit now. I work with Komodo Platform (lead developer @jl777B) doing outreach to integrate other coins into our ecosystem and otherwise make it grow. We are open source, free, and for the people. Fees on our exchange are minimal, and our atomic swaps use the most secure protocol available (Noel Tiernan’s (https://github.com/TierNolan/bips/blob/bip4x/bip-atom.mediawiki)). Coinage would be a perfect addition! Users would be able to trade their mined Coinage on BarterDEX, our decentralized exchange, immediately using atomic swaps.

I know you are scarce on details on the codebase, but would your coin be able to meet these requirements?

• bitcoin protocol
• CLTV (bip 65) support
• gettxout and importaddress rpc calls
• and 8 digits for one coin

What does a non-Bitcoin/zCash-protocl coin need to do to make atomic swaps possible on BarterDEX?


Keep up the good work!

Jay

Any new news to report on/updates?

We have 3 items left, complete removal of script, finish staking integration and tie transactions to the UI. We are hopefully going to be done next week. We will need to update the unit tests to 80% coverage before beta. After all this we will begin working on documentation for the plug-in system.

Exciting stuff! Almost time to break out the champagne

Staking integration as in Proof of Stake? So it will be POW, POS hybrid?

Yes and today we finished ui. Testing is beginning and unit tests being written. Staking will be last item.

Good to see updates on this. Would so love to test this out but I probably don't have sufficient rank to do so.

Hopefully on to staking as the last item by now?  :)

No, we had to rewrite the miner due to a bug where forks although not being used were being added to the db. However that is corrected now and we have begun alpha testing as of today, staking will be implemented for beta.

On a side note, we are on a separate project 3 months into a 1.5 year dev process for a fiber optic processor for mining. The group who we partnered with has been developing fpgas, lens, 3d monitors and other tech for years. The goal of the miner will be to advance efficiency at least 1 order of magnitude while reducing power consumption issue that will plague btc when difficulty continues to skyrocket.

The partner company will be seeking investors privately but we are encouraging them to produce whitepaper for public eyes and include the crypto community. We will keep everyone updated if they go that route.

So that's a pretty good prize, just legitimacy will even help and will make it easier on various occasions.

I join the question, because this project is quite perspective and really needs advertising, it is very strange that there is no ICO ...

Because they don't like the ICO structure that has been used and abused, they'd rather do a fair distribution. If coin/technology is good advertising will come by its followers.

ICOs for a coin go against the point of the crypto currencies.

We are working on the headless UI today. Then more unit tests.


A couple of technical items update.

Ever notice how slow network propagation of new blocks is, we're pushing out 60 bytes to propagate the whole network instead of the 1048576 bytes that Bitcoin uses. We only broadcast the block header when we mine it, and wait for nodes that are interested in the full data to ask us for it. The number of transactions per block will be unlimited to effectively increase throughput.

To avoid timejacking each node uses their local utc timestamp as the network time.

We also setup the coin to use dynamic connections. The node will constantly disconnect a random node and connect to another random node from the list of known nodes. It makes the whole network dynamic and improves reliability of the nodes.

So an attacker cannot potentially force the target node to connect to his own and thus fool it.

For throughput: each p2p connection is encrypted with a one time public key encryption to stop unwanted intervention, making it harder to filter out coon traffic in case someone tries to block it.

These features should correct existing issues with scaling for a very long time.

These updates should effectively solve some of the larger issues associated with current coins that are being used.

Ok, got an alpha wallet ready if anyone is interested in taking a look...

Hey, I'm interested!

Sent a PM, anyone else want a copy to test alpha release of Coinage? This will also have functional mining so you can see what is needed to mine on your PC....which is basically nothing. The miner begins mining with 1 click.
This is an excellent example of how crypto currencies should be written to fix scaling and block size issues.
We would strongly prefer a more knowledgeable and technical review of the alpha wallet. Thanks for your help in advance!

No feedback received yet, but updating OP now to include some of the updates and important info.

Transactions
https://www.fastpic.jp/images.php?file=6709234786.png

Blocks
https://www.fastpic.jp/images.php?file=9504117545.png

06:48:14=local time

21:48:14=UTC?

Yes, its to help protect against timejacking.

https://www.fastpic.jp/images.php?file=5813090037.png

What's the difference between these two?

Some feedback I'd like to give as I open it for the first time!

Firstly, of course it's in Alpha and not a big priority, but you guys should shift the left ribbon to the top or bottom for easier readability.

Wow it's actually pretty awesome to see how easy and intuitive the miner is good job on that!

However, I think their might be a glitch, because my speed is 0.0 h/s ?

I'll check into the miner showing 0 tomorrow.  The plan for the UI will be to make it all editable by the user via css so while we wont be changing it now we likely will later through settings.

Was also wondering about this, because I noticed I have the same thing occur

To show speed it needs to count every hash it tries, we didn't bother reimplementing the speed counter as we're not aiming at the miner efficiency yet. It's also only mining with one thread, even if you set it higher. Those are changes for beta or even production.

The duplicate is just a bug. We'll take care of it.

Other than that the wallet looks great and intuitive!

Excellent, anyone got any bugs, there is no way we got all the potential bugs. Please test poke and prod :)!

What transaction speed do you intend to achieve?
600s block interval means transactions will generally take minutes to complete, right?

Coinage, actually looks promising, hoping Dev pulls this off.

10 minutes to get a confirmation. There are also several... considerations we added to account for if users want to add secondary layers of security. The intent is to allow users to be able to have instant transactions on their platform without worrying about double spends. But that will have to wait on testing to ensure it works as intended.

When will we be able to start mining?

It works, just needs optimization. Wallet just doesn't display speed.

Currently it has a placeholder of sha2 in it, but the design allows us to update it on the fly. So no issues there, we will insert any algorithm we prefer, or several or rotation when we get done. We also need to complete a couple of pieces that will be needed for public use like further progression of data so this is just for testing purposes people.

So who wants some free coins for a test transaction!?  ;D

I do!   :D

On a side note, the block rewards seem to be working as intended but are we mining our own chain on our wallets?

Give me an address, lets test this out.

CKFxkJATJ99eD8ttS7LxrHJAZpkLp7NAED

Thanks.

Found a bug  ;D

Not sure if I found one too or whether it is by design.

The miner creates a new wallet and sends all your mined coins there instead of to the main address.

Seems to be a fixed address though and not just randomly creating new mining addresses with each start up so I guess that isn't a big issue.

That is supposed to happen, one of the ways people would be normally tracked through the blockchain is by the address they mine their coins to consistently. Now when you mine it picks a new address then consolidates them for you. It needs more testing.

https://media-exp2.licdn.com/mpr/mpr/AAEAAQAAAAAAAAKYAAAAJDNhZThkNTgzLWFhOGUtNGVlNC05ZDI3LTkwZWQ0N2Q2MDhmNA.jpg

---

   Application testing, sent 500 coinage to your address && shows {solo testnet} "Wed Dec 31 18:00:00 CST 1969". Auto named change address when split of coinage & main addresses, no option to edit them after creation. An address to test with, other than the option to copy/edit the box format. Also the testnet block reward is dependent on what, didn't see any output on that & or miss it (found it)? Here are two addresses to test with, one named miner & other the main address from startx.

CSwLDNcR7wTXtymNYYo5rmR4TvQTVjAM6A

CQYaxYUFMGhXFJa12k2hMdDaAeRGmcjZNm

Edit: correction, Ctrl + C does work with addresses in the UI

//no dialog for sends, if you press the send, it will send & have no confirmation?

.jcoin logfile
2018-02-09T11:27:09.865 info Main Version: 0.0.1.fd3ddd6
Revision: fd3ddd6852de54e4909faa2bd898dd9c78997328
Build-date: 04-02-2018 09:47:05
Application-name: Coinage

//advanced wallet setting are key to these applications in ones mind, some will always want either simple or advanced options like coin control. (cc) b like no time to fumble with bills or change & just use the auto function of a credit card to cut all the hassle of one daily tasks in time is money  :D User Interfaces are changing many things in the world, what was once basic is now advanced to the point of having nostalgia of terminal era  ;D

Added these issues to the gitlab.

Some GUI items we didn't touch yet, although I admit we just forgot the confirmation.

We will continue debugging tomorrow. If you see anything else weird let me know so I can add it if we didn't find the bug already.

Change does not get sent to a used address. Like, when it makes a transaction and sees change, it makes a brand new address.

By the way thank you for the detailed info.

   One used to be very detailed in post, show work && then everything changed in the form of 1000's of characters (words) into an image type world  ;)

Wait so the coins we're mining now aren't gunna be worth anything right? Having fun testing the wallet

COINAGEX original coin distribution principle and the main trading platform where? Sorry I did not find any news, the current mining revenue how?

I mean we weren't planning on it, once it's ready, then we will begin to push the currency to exchanges. We have made it very clear this is Alpha.

I agree that coin control features might be a good idea.

Trying to send coins to another address did nothing except create a bunch of "change" address with 0 value. Plus there is no way to select which wallet address you want to send coins from. That might be something to look into.

Generation of new addresses via the MAIN tab works fine but get labelled "main" and there doesn't seem to be any way to change it. Only way to label a new address prior to creation would be to generate one through the ADDRESS tab. A way to change address labels would be good on top of coin control features.

The production of any coin needs to be tested and perfected, and of course there may not be any reward, which is a daunting task for those who want to test it.

The address on the main tab is supposed to be a one time address. So that one is ok, but we will check the rest of the items. 

And yes it is daunting task, but we are going to do it the right way and not rush.

The idea is, once the main address receives a tx, it changes further encouraging anonymous transactions. Old addresses are still valid but not showing up in the wallet to keep users from ruining their privacy with laziness.

As soon as you use an address, it's no longer anonymous, since it can be traced.And reusing address just makes it way more easier to figure out who's using it.

Reminds me of IOTA. But hopefully with none of the attendant issues.

Can't test the changing address feature yet since it is not possible to send or receive a tx on the main wallet address so no idea if it does not show up in the wallet after a tx has been received.

Iota had a ico, COINage will not have a ico. And the code is original, and following satoshis original vision.

Today we are moving from sqlite to h2 db. And we finished block headers and tx broadcasting.

After staking and other issues are fixed for beta, we will begin code audit....the end is in sight my friends.

When's the plan for mainnet launch

No exact date, basically once everything is working as intended and tests and audit are complete.

Updating the OP and info on the thread to reflect current development.

I've been with you guys from the start and I'm honestly just so excited, as you can see from my constant questions. The logo looks awesome!!

Well we do appreciate the enthusiasm.  ;D I do not recall ever seeing another project attempt to follow the satoshi whitepaper to the letter/spirit of the vision, but we will do our best to ensure we achieve it.

Finally... Beta. Can't wait. But still, gotta wait.

And I did not notice the card on op previously. But yup, excited.

Yes the waiting has been long, we crossed 6 years now.

There is a lot going on behind the scenes here, other projects we are tied to and partnerships. So hold onto your seat. We plan to disrupt or break laws and industries, this will be a fun year.

Someone pmd us asking why h2.

h2 is our first choice due to it's small footprint and ease of portability, but we can switch to another database at any time. We will be testing different database technologies before the initial launch to see which one will be best for our case. That's one of the reasons we are pushing hibernate next, we can change the database type without changing our code. Everything will be tested, clean, refactored and modular.

As of a few minutes ago we got hibernate to work with the ide and appears to be functional.

For the mined blocks, its a bug we already fixed but didn't push out yet. It wasn't transmitting information across the network yet. And yes placeholder is correct it isnt optimized yet.

Looking quickly through the h2 corruption, seems the people getting the corruption are disabiling some important consistency checks to squeeze a bit more of performance. Sounds a bit stupid to complain at that point, but we'll see when we get to testing. We'll be sure to stress test the database.

Today we finished hibernate integration, testing and refactoring. Next will be clean up work for beta, more unit testing and some bug hunting. I will upload the update, some of the GUI fixes are not complete, but they will be taken care of before beta is complete.

This greatly reduces the amount of code needed for save and retrieve functions which are going from 20 lines to ~5. Thus, 1/4th the chance of bugs.

https://en.wikipedia.org/wiki/Hibernate_(framework) (https://en.wikipedia.org/wiki/Hibernate_(framework))

How's the project progressing? Any updates?

Progress is being made, we are rewriting pieces that we find will work better refactored. We are testing methods to handle strip mining. Currently its looking good, noone will be able to abuse mining like they have before. There will be a hard cap on how many coins can be mined per day/month. This is what we have been testing for a week now. We are making progress but be patient this is to be released the right way. And we are prepping to integrate a framework like spring.

Any date in mind for genesis block?

Soon. TM

We have continued refactoring each piece, we are now refactoring the blockchain so we can swap it out for a different type if we choose. We have completed work on a blockchain database, it will be a searchable db using a blockchain. If it functions with coinage as intended, we will roll it out in the next test version.

How's it coming along guys? Still excited on this end! Can't wait! ;D

that's why many people participate, this project has great potential and very promising in the future
the project team will definitely continue to prove with the real progress of project development

Our lead developer had to begin working a day job to secure his citizenship but beyond that slowdown everything is moving along. We are writing the whitepaper this week and should have it done soon.

Good to know things are still on track. Was wondering about the sudden silence but citizenship is definitely a higher priority.

Is this the only place to receive news about the project? Any website or github?

Our git is private and yes we only update here.

Any news? Is the project still being worked on?

Still in process, we are going slower due to some new tasks we have to handle to make this come to life. The wait will be worth it. We have partnered with ACTtrader.com to have coinage available as a pair to trade using institutional financial instruments. Be patient and check back for updates as the project progresses we will update it here.

Hey guy's hope all is going well! How's it coming along? Any updates? Any estimates for release?

Uh What?

We are working on getting funding for the launch and completion, there are many other pieces to the project we want to tie together to get this all rolling out to the public. Sometimes the right way is really difficult to get moving.

Closed funding I guess :/
Or open to large investors?

Funding? I thought it would be a fair and equal share of tokens for everyone? Do investors get an allocation of coins?

We have been self funding everything....so yes? We would like to take investors but the issue there is they all want some form of advantage for their investment (understandably so). It isn't a problem now but it would be years from now unless someone can think of a way to make it fair for everyone.

What kind of advantage would the investors be receiving?

Generally investors want to gain an advantage in tokens presales, mining in some manner, or simply a chunk of coins. Any of these can imbalance the equilibrium we are aiming to maintain. We have not directly worked with ICOs but they seem to have a whole set of eyes on them now and probably more so in the future and we aim to stay out of the public eye. So that summarizes the issues. If we had the funds to hire 1 or 2 helpers fpr our dev we could probably be done in under a month and move onto launching the coin on the institutional platform. However, we would like to maintain our soul. If anyone has ideas on how to approach the subject let us know we'll consider it.

I guess the least intrusive of those options is giving them a chunk of coins. Or just continue on without helpers if you feel that it would imbalance the equilibrium. This is definitely a tough position though.

Any updates?

One year anniversary of the original post, hopefully all is going well!

We have hired and fired 3 people so far, once its apparent they dont understand what we are doing we cut ties and try another dev. This is a tedious but necessary process to ensure that the foundation is strong.

Any idea when you might be ready for release

We finally today got a team to be directed by the original Dev. Progress updates should begin again once he has everyone moving forward.

Everything looks amazing! Really excited about this plan, and as you saw I've already joined it quite some time ago. Definitely looking forward to seeing that this idea's demo platform in action

Update time, we have been working on an optical processor for a couple of years which the engineers have completed now. So we are now seeking investors locally to purchase the equipment so we can make them in house. Once that is complete we will be launching the coin as the only current coin that can be mined but not abused through mining. We have a few investor meetings setup this month. If one accepts the project I will be back here to update everyone and then push the coin forward.

Any news?

Everyone who posts in this thread asks about the development of this platform, if it has been developed six years ago and how its development for now is progress or not