Bitcoin Forum

Thank you, we've already got 5 people in our community discord! Things are off to a great start.

interesting good luck dev

Happy to hear a this kind of tokan.Good luck devs.i hope your team will update bounty programs.Need a telegram group.
Thank you .. :)

Thank you. If you'd like to help us you can join our discord!


We currently have a Discord, I'd like to keep the community in one place so we can all contact eachother, so having multiple chat groups wouldn't really work out, unless the community really wants a telegram group.

Please share your discord links.

You can click on the discord picture on the main forum post to join our discord chat!

What's the purpose of this coin? How many total supply it will be?

Thanks for asking! It's currently an experiment to see how far a community can carry a cryptocurrency, but new features will be decided using community input! The total supply will be decided by the community once other things have been decided!

What I understand from the concept about decisions those will be taken based on voting by community. I think you need to promote it well to reach at decent size of community before the implementation of voting system. At start community size will be very small better let it grow first and then start taking decisions at later point.

Right now no polls will close until the community has significantly grown, but we will let users spread word and continue to vote until then! Thanks for suggesting.

when you planning to realize pow need or not?

An "undecided" coin - even devs don't know what to do with it?

The whole point is that it is built ground up by the community, of course I have ideas on what to do but they will be added to the mix-bag of what others want from the coin as well. So we will do what the majority of the community wishes and design the coin for them.


The coin will be PoW, we have upcoming polls to decide the hashing algorithm.

The discord community is currently making a list of all possible algorithms, and I will keep you all posted here once we open a poll to decide on which one we want.

If you say that the community must develop does this mean you are on your own? Do you have a dev team or are you doing this solo?

So this is not a full announcement since every details must be decided thru voting, then what is the main foundation of this project, what will be the use-case if any? Other cryptos have their own platform like some gaming currency where their coin is needed to enter on a particular game they created, did you have a plan to do the same?

Do in this project, everything will be mainly done by a single person, in this case all by yourself?

Can ᴘᴏᴡ include proof of space algo ? There’s a huge demand for a second altcoin being proof of space ?

I'm alone right now, I am hoping members of the community will come together and develop various areas of this project for some of the pre-mine bounty.


The use will be adoption, just like many other currencies, however more features and uses will be decided by the community.


Thank you!


We'll need PoW to promote a decentralized coin with secure networks, so PoSpace is off the cards right now.

The poll for the proof of work algorithm has been created, and will close when the community has reached a significant size and consensus.
http://www.strawpoll.me/14428375
Please vote after you have decided what algorithm you'd like to be used on this coin. :)

my eyes on this project , hopefully it goes straight to the moon  !

Interesting project. Who will  win - ASIC miners? GPU miners? CPU miners?? :)

It's all part of the fun! :) That's whats so exciting about this project.


Thank you! It should be really exciting :)

i am a small GPU miner, i will vote GPU algo , how long will this vote going on ,cann't wait for take part in .

This is new thing for me, I still far from understanding on how to mine.
Also it need so much investment from what i heard

You can vote now! There is a poll open, check the main page under Proof of Work Algorithm.


If a GPU or CPU mining algorithm is decided, it is very simple to start mining! I'm sure people will help you out!

In case anyone missed it, the vote for the mining algo is here: http://www.strawpoll.me/14428375

It's looking like Lyra2z is winning so far, but NeoScrypt is also coming along. Make sure to cast your vote!

I'm currently making a signature that supporters can add to their forum signature to spread awareness of this project. I'll keep you all posted.

It is necessary to add information about the team. The project looks quite interesting.

Added, right now it's only me, but I'm looking to "hire" other developers and pay them with a portion of the pre-mined tokens.

I also added that the ticker for this coin is HEX.

If anyone has any questions feel free to ask, I'll be on later to answer them ;)

Discord server now has 45 members, we are growing fast!

Rather interesting project. So exciting to see who'll win this vote)
GPU home miners or people with a lot of D3 who need new coins to mine because all big coins already have too big hashrate

i think to be a fair gpu coin. xevan is a must i think. as nicehash doesnt have xevan.

Yeah, we'll see what the majority is! :)


You can vote on the strawpoll, but it's what the community decides!

I'm getting off for the night, feel free to write any questions you may have on this thread and I'll answer them tomorrow. :)

My suggestion - if you want a successful coin, do a fair launch with no pre-mine.

Looks interesting. It would've been nice if it was a new algo or CPU friendly though, but that's just too hard I guess.

I would suggest to have 1-2% to pay to get listed on exchanges . Community contribution does take time which is not good for the coin .

Guys! C'mon, let's vote for algo!

http://www.strawpoll.me/14428375

The premine will be decided by the community, but there will be a minimum pre-mine of 1% to pay for exchange fees.


Vote for a CPU friendly algo then! :)

Like this project, just vote Equihash  as ALGORITHM.
Thanks

So we do have that option? where can I vote? Problem is I'm not sure what algo could be used for that since most of the ASIC resistant ones are for GPUs.

I think Equihash is a good algo for PoW. But I believe PoW shouldn't be the only way to continue the chain, PoS should be looked at as well and the natural next step of masternodes. Enables more features and gives alot more intrinsic value to the chain. Not to mention the built in safeguards of hybrid work chains.

as long there are no ico..
i in..  ;D ;D ;D ;D

This gonna be huge :) vote for X11, X11

Join discord, if you in I'm in sifu  ::)

Crytonight is probably the most CPU friendly algo, the difference between CPU and GPU hash is not huge. It would be really cool if a new algo was developed that is CPU Only to bring back the good old days of fair mining. Problem now is Nicehash, we need a Nicehash resistant algo.

can i get the invite link for slack or discord please..  ;)

make a POW,POS and MASTERNODE coin please..  ;) ;) ;) ;)

It's on the main page, just click the picture of discord channel.

thanks.. already in :)

Is this project only the idea, dev? Do you have the team of developers? Ill wait and follow your idea... Good luck for you.

What makes this project special?

please, dont equihash!) no ethash!) cryptonight or xevan will be good))

It is obvious that for a miner and/or investor a coin with no premine it's the best.

On the other side the dev/devs wants to get something for their work, hardware, maintenance, etc.

So in my opinion the fair way to keep the investors and devs happy is to make a coin with % (1%-5%) from block reward that goes to dev or coin maintenance.
This way the investors are not afraid the the dev will dump the premine and also the dev will not get all the rewards form day 1, he'll have to work and get the rewards block by block.

1%-2% premine it's also acceptable for a coin without masternods or early POS because that 1%-2% could turn in 10%+ because or masternods/POS early rewards.

Good luck with your project!

The project is the coming together of ideas and the development of them using all the communities resources to make the best product possible.
Thanks for the support!


It's completely built by and for the community! Everyone has to power to make the changes they wish! As long as there is an over 50% consensus!


It's what the majority wants, get people to vote for CryptoNight if you'd like a more CPU focused coin. :)


We're looking at a 1-2% pre-mine right now, the project is PoW at the moment, and will stay that way for the foreseeable future. Mostly to promote a pure decentralized cashless environment. :)

I will follow you! Good luck! 8)

Thanks for supporting the project!

Remember to vote on the poll to choose a Mining Algorithm! It will end once 200 votes have been reached! http://www.strawpoll.me/14428375/r

I voted. Good Luck. ;)

Can I suggest an additional proof of work for http://www.strawpoll.me/14428375 ?
Gigaequihash would allow ɪᴏᴛs devices like tablets to have a meaning for mining…

Thanks for the help. I hope to see you in the Community Discord :)


The vote list isn't editable once it has been created, so you'll have to vote for a CPU favourable algo such as cryptonight.

Only 15 more votes needed before the mining algorithm is decided!
http://www.strawpoll.me/14428375
It's between CryptoNight & Equihash!

in any case equihash wins( because its only 7 votes left

May I suggest a feature : stable crypto in decentralized way.

The aim is to perform like dynamic coin (https://cryptocointalk.com/topic/50345-dmc-dynamiccoin-information/) for variable miner reward plus adding a minimum miner transaction fee like what’s being done for other cryptos like clamcoin. Were if exchange rate would do down, a part of the fee would be send to nobody resulting in more coins destroyed than created (of course this imply a target exchange rate below 1:1 like 1000:1 but price would remain stable)

As result it would be the first coin to fully apply https://en.wikipedia.org/wiki/Quantity_theory_of_money (https://en.wikipedia.org/wiki/Quantity_theory_of_money) in a decentralised way (unlike tether.to), though this might not work if maximum supply has a limited amount.
It would be the first coin created that would be able to achieve parity with the gold standard for a long time.

I like that idea, I wonder how tough it would be to implement into an actual cryptocurrency though, we'll definitely need other developers to help build this coin and implement these features into the code. :)

Basically, it would be mostly as simple as to fork https://github.com/DynamiccoinOrg : it has already implemented the mechanism for writing the target price for each transaction in the database as well as the mechanism for verifying if the amount of coins created in a specific transaction match the exchange rate (though dynamic coin no longer compiles on any platform currently and the method for finding the exchange rate is bugged so there’s maintenance work required).
But it has even an android wallet app.

What Dynamic Coin is missing is a destruction mechanism. Along the fact that the developer pre-mined 10 billions coins (too much in order to get capitalization exceeding supply), this is the reason Dynamic coin never reached it’s exchange rate.

The code for requiring a minimal transaction fee is well known and exists in several crytocurrencies.

The main part of the work would be to find how to send transactions fees to nobody (so for a transaction with a minimal transaction fee of 10, 20% goes to the miner, one coin is created and 8 coin are lost forever).


The problem is if such cryptocurrency would be pegged to a fiat currency instead of a physicall commodity, it won’t be possible to make profit from it. Because of course the requirement for not loosing value is also not gaining value. If gaining value would be the only requirement, we could end up with all the coins being distroyed which would mean the cryptocurrency would cease to exists. Though it would be still be very useful as a safe current account, especially in spite of ᴇᴄʙ recent plans to cancel deposit protection effectiveness partially (https://www.bankingsupervision.europa.eu/ecb/legal/pdf/en_con_2017_47_f_sign.pdf)

On the other side, I’m willing to help for development. Though I’m only available part time and my field is nearer ɪᴛɪʟ (https://en.wikipedia.org/wiki/ITIL) than Agile (https://en.wikipedia.org/wiki/Agile_software_development) (so I’m not a professional developer).

99% of those who say they will get Fiat with their crypto are lying because they can't do it. How many easy cryto fiat exchange are there after 1000 have promised that. just look at allt he ICO say they will have you know it's a scam.

For now, we'll have a standard emission curve which halves every number of blocks. We still need to decide how many coins will be emitted in total. ;)
I will make votes for that soon.

As far I’m aware, all such cryptos claiming to do so only played on reducing or increasing inflation speed to some extent (while most of them just state it because it has a fixed maximum amount that can be created). Not decreasing total coin supply (or doing it in a centralized way which is like playing the role of a central bank). You effectively have fiat with https://tether.to (https://tether.to), only as long one of their banks don’t go bankrupt (in which case their value drop down to almost 0) or the banking system of your country crash (which is why Zimbabwean can enjoy the rate of 1ᴜꜱᴅᴛ for 1.5 ᴜꜱᴅ due to black market fees for sending money out of the country for escaping capital controls).

The aim is to fully apply all parts of https://en.wikipedia.org/wiki/Quantity_theory_of_money (https://en.wikipedia.org/wiki/Quantity_theory_of_money) which is definitely not scam but the basis of modern (post 70’s) economics theories. Decreasing the amount of coins available more than demand decrease must increase value since https://en.wikipedia.org/wiki/Quantity_theory_of_money (https://en.wikipedia.org/wiki/Quantity_theory_of_money) is scientifically true.

On the other side, like I stated previously, initial supply (pre-mined coin) shouldn’t be too excessive, but rather match capitalization that a new crytocurrency typically gets at the beginning (around 20$) in order to get an exchange rate that can match the target in a reasonable amount of time.

then stability isn’t possible

I like the idea, but won't this result in a stationary price of the coin? Also, it could be exploited as there may be a lag between exchange APIs and the actual pricing of the coin, so people may be able to use nicehash to pump value and ruin the integrity of the coin. We'd also need a few dedicated devs working on this feature, which aren't available at the moment until the pre-mine is completed.
A little plus note, I think volatile cryptocurrencies (like bitcoin, crazy rising and falls) are much more fun to take part in, as it can result in mooning, and increased profit projections may get more involved with the project.

Yes, the fiat exchange rate would be rather stationary (never more than +30% or −80% around target) except if the target rate isn’t performed against fiat. No this can’t be exploited as demonstrated by difficulty retargeting of dynamiccoin (just use the median value of highest ask or bid between the rate of exchanges arbitrage ensure price won’t vary). And several exchanges propose a price access through web sockets so we can have exchange rate lag less than a second (though this is all nodes which needs to query the rate).
I’m willing to to help for importing relevant dynamiccoin code and adding a minimal transaction fee requirement. on the deflation side the mining reward amount shouldn’t be fixed but varying according to price (I think this imply no reward halving should be done).

The real problem is it creates an other 51% attack surface were if there’s less than 3 exchanges, one of the exchange could literally tank the currency value by broadcasting inaccurate price over it’s ᴀᴘɪ (which is why dynamiCCoin price detection doesn’t work). If there’s three different exchanges, this is less a problem because if an exchange goes rogue, price isn’t affected.
This is why I think exchange price access should be scriptable and configurable through the .conf file instead of being hard coded (though we could hard code it initially and propose the retrocompatible scriptable upgrade later). Scriptable ᴀᴘɪ access would make easy to add or withdraw rogue exchanges quickly.

And unlike dynamic coin, if the price is destroyed, damage should always get recovered one day through the destruction mechanism (we’re talking about destroying several times more than what is created through mining). Once the destruction mechanism is active because of exchange rate, things
And again cryptocrurrencies which claims to provide fiat rely on wishfull thinking from capitalization level, but don’t act on https://en.wikipedia.org/wiki/Quantity_theory_of_money (https://en.wikipedia.org/wiki/Quantity_theory_of_money) which states that if you decrease supply, price should decrease (deflation for counteraction inflation).

20MM 20 000 000 sounds good to me

Million million? Or do you mean 20 million total? If 20m, nice choice ;)

It all depends on the reward for the block. I would like to see 50M.

Care, new coin with very high supply won't break the 1 satoshi barrier and you can't really trade it.

I wish you successful collections. I think the project will succeed.

Haha, 20 Million is what i meant.

20 Million isn't high at all.

Thank you! We appreciate everyone who supports the project, bumps the thread and has hopes for the future :)

Watching this thread and joined the discord group so I can follow the developments of this project. Looking forward to mine and stake this!

There isn't any current plans for staking, but thanks for the support!

The vote for total supply will be ending soon!
It looks like the total supply will be 20 million, thanks to all who voted!

The algorithm will be Equihash! It was decided by community vote, along with a 20m total coin supply. Thanks for the support! I will keep you all updated, and if anyone has any feature ideas that you think can be implemented please PM me :)

I pray for becoming a good journey. ;)

Equihash being a memory oriented Proof-of-Work (mostly determined by how much RAM you have) it is easier and more affordable than going with other scripts. Great work!

What's the purpose of this coin? What is total supply  ??? ::)?

Total supply has been decided as 20,000,000 coins :)

Though, you could had specified the amount of time the poll should had lasted. Especially with current results.

Sorry, I did specify on the discord, but not here.
There is now a new poll, to decide block times! http://www.strawpoll.me/14476812
Vote will end once we hit 50 votes!

Thanks for the support! Please join our discord to participate is more community discussions if you feel like it.

Done voting. Are we getting close to mining? Really excited on how this project will go.

I have also cast my vote, I am surprised that many have gone for 1 Minute though, it could potentially cause a few issues. 2-3 would probably be for the best. Looking forward to seeing how it all pans out. Is there an estimated launch date yet? Thanks.

Once all factors have been decided, development will start and then I'll work out a launch date, so keep updated with the project!
Thanks for your support, it means a lot!


No estimated launch date yet, after all votes are done I'll keep you updated :)

20 more votes until the block times vote is complete, remember to vote here!
I'd personally vote for 2 minutes block time, but 1 is increasingly popular, so do whatever you think will suit the coin best, remember with lower block times comes lower stability!

http://www.strawpoll.me/14476812

Lots more votes are coming in! 10 minutes is becoming increasing popular, due to the large amount of voting, I will stop the vote at a larger consensus, let's say 75 votes for now!
Remember to vote here: http://www.strawpoll.me/14476812/ every vote makes a difference!

Voting for block times has finished, with the winner being 1 minute! The vote for block reward will begin within the next 24 hours, then it's onto development!

Would it be possible to have a repo for sending pull requests please ?

hi dev, make sure have a official and only mining pool , so we don't waste any calculations to the next block, please :-*

Development has not started yet, so there's no Github repo yet. :)
Last poll coming soon, keep updated.

Maybe you can provide one yourself instead ?

nah im a DOS5.0 kind of guy, im not interested in Linux or C++ , I wouldn't waste my time, just stating the obvious, its either a pool or exchange to run coin to , personally I don't have the BTC to list on exchange like most, so a request for a official pool is quite normal

Hi! the project like a good!
I need invited Discord link
please

The FINAL POLL is out!
http://www.strawpoll.me/14507017
Vote now! It will end when 100 votes are hit!


It's on the main page, just click the discord picture :)

Done voting. I love the idea of giving the community a part in making decisions. Thank you dev!

Done. :)

Voted . We need a strong development team and make 2-3% of every block to a development fund address.

Interesting initiative! I also voted and joined discord

Good afternoon, I found your approach on the subject never a project that was so "open mind" in the world of crypto coins, after all you really want to create a currency that the community accepts with great ease even because it is the community itself that practically will develop, I really liked the project, I'll keep an eye out and good luck

Just as with the previous poll, people seem to be voting for what will get them the most coin in the fastest time, not what may be better for the project itself. The fewer coins mined in the first year, the more valuable it could be. Not always but it helps. Now we will be getting superfast blocks with maximum coins per block lol. Greed :D

It is a great idea allowing the community to shape the project though, power to the people. I will continue to monitor how it all goes.

Hello, Dev. When is the project to be launched?

Interesting project for sure! Also dev if you need some graphic design you know who to ask, because it's for the community I'll make a few options of everything so they can choose! (I not too awesome tho but I'll do it free ;)

Does the community determine all parameters of the coin by voting?

Wow, a very interesting and democratic project because it openly gives people the opportunity to give their ideas. Interesting right? This means the project will run smoothly because together will find a solution for a profit.

are you going to do ICO or airdrop?

PoW means Proof of Work = Mining

Did you even read the posts before aking? FFS get out of here!

Most of it, yes!
If I find there is an issue I may slightly change a few parameters, but overall this coin is moulded by the community.


Are you able to design websites? We'll need one once things get up and running. PM me on Discord for further information. ;)


Nope, it's only Proof of Work, where coins are distributed by mining! Once we hit an exchange, you'll be able to trade HEX tokens for BTC and vice-versa!


Project will be launched when development is complete and a stable release has been created.
I'm still looking for devs to help with the project, as it's only me right now!


Since I manage the whole thing, I will make sure there are factors which greed will not ruin, don't worry :)


Thanks for the support! It means a lot to have people like you looking forward and supporting the project!


Thank you! Welcome aboard! :)
There will be one more vote actually, to decide this premine amount!

The OP needs to do something to make this thread alive, How could the forum members know about this project if this thread is very silent, kindly do something to let them know about your project. No one will invest in a silent project, you need to make some noise.

Refreshing approach and even if your coin might not take the top 10 of CMC by storm, it certainly delivers some valuable takeaways for people who'd like to be closely involved with crypto but don't have the technical knowledge. You got my support! ;)

There is a discord server for people who want to chat with me and receive smaller updates. I post on here replying to posts, and posting announcements such as new votes.
If anyone has any other ideas I would be grateful for them. :)


Thank you! :)

Hi DEV, can you give me link for Discord please!

Good luck with the Project!

The votation is over?
What Algo won?

Please Link for Discord group!

Good Luck! We need more activity here!

hi dev, latest poll isn't growing , lets start mining already   :P

The coin isn't even created yet  >:( READ!

they should get of their assholes, this is all just click bait for me, trying to establish themselves before they even have a product.
click bait, click bait, click bait

you best say that this coin is not established yet and not created
cant wait to start mining

Here's the discord invite https://discord.gg/yrJ8NmB for anyone asking

hey all,
this project looks very interesting so pretty sure i`ll keep my eyes on it.. ;)
did the vote about the algo... when u`ll close it? btw i like the 2 main leader algo..so :)

 

Seems interesting, keeping an eye on this one!

Haha, relax man. The whole point of this project was to get community input while the coin is being created, not to have it already developed and just be another pump and dump coin.
All votes have now finished, so it is on to development!

Projects looks good. is there any airdrop ?

It looks like the developer just decided not to deal with this project.

patience

Sounds like a good project... Definately building a rig or 2 just for this coin!

hi, some RUS SHIT, tried to login on to my account on exchange

Authorization failed from IP: 136.169.198.53
 If it was not You then just ignore this message and make sure your password strong enough and not compromised. We also strongly recommend to turn two-factor authorization on (2FA) if You haven't it by now.


you can trace the ip Geolocation  , with google 'where is ip'

Did this coin die? Last post was over a month ago...

I was wondering about that too, I even forgot the name and I did not find it until your post brought the thread back to my updated topics list lol. Seems it was over before it even started.

Maybe the post above yours put everyone off :D