Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: jonnysomething on May 14, 2014, 05:53:19 PM



Title: [Pre-ANN] GeoCoin
Post by: jonnysomething on May 14, 2014, 05:53:19 PM
.


Title: Re: [Pre-ANN] GeoCoin
Post by: Nxtblg on May 14, 2014, 06:17:02 PM
Wow...this is incredible!

I like the idea of escrow. Would you mind setting an example by making escrow mandatory for the IPCO? The more devs do that, the more customary it'll be. The more normal, the more a scammer will stick out. If you could do so out of the goodness of your heart, that's be a real boon for the community here.


Title: Re: [Pre-ANN] GeoCoin
Post by: Acidyo on May 14, 2014, 06:36:03 PM
This is actually somewhat innovative if you actually hold up on your word and try do something big out of this. Good luck, will keep a look at it.


Title: Re: [Pre-ANN] GeoCoin
Post by: foodies123 on May 14, 2014, 11:08:17 PM
Sorry to rain on your parade dude but we've had this concept in mind about a month ago for Myriad problem is, gps coordinates are fakeable so you're just gonna have a bunch of faggots draining your faucets via fake gps coordinate apps.


Title: Re: [Pre-ANN] GeoCoin
Post by: illiki23 on May 15, 2014, 12:42:19 AM
:)   This is going to be huge. 

Development of applications that give coins utility...

Location based faucets!  MAP and GPS integrated coin applications!

Just a shout out from my corner of the woods.


Title: Re: [Pre-ANN] GeoCoin
Post by: illiki23 on May 15, 2014, 12:43:33 AM
Sorry to rain on your parade dude but we've had this concept in mind about a month ago for Myriad problem is, gps coordinates are fakeable so you're just gonna have a bunch of faggots draining your faucets via fake gps coordinate apps.

There are counter-measures that can be taken.

This is all an evolutionary process.  Let things grow and evolve and we will see where they go.


Title: Re: [Pre-ANN] GeoCoin
Post by: animalroam on May 15, 2014, 12:43:58 AM
Interesting concept.  Traditional faucets can't be used?


Title: Re: [Pre-ANN] GeoCoin
Post by: MadCow on May 15, 2014, 12:54:22 AM
Good work jonnysomething! I knew you were  going to deliver a good idea :)


Title: Re: [Pre-ANN] GeoCoin
Post by: Bitcoin_Mafia on May 15, 2014, 01:01:51 AM
This sounds VERY interesting. When will you post IPO information? And will you be using excrow (PLEASE say you'll
be using escrow!)?


Title: Re: [Pre-ANN] GeoCoin
Post by: illiki23 on May 15, 2014, 01:05:34 AM
Sorry to rain on your parade dude but we've had this concept in mind about a month ago for Myriad problem is, gps coordinates are fakeable so you're just gonna have a bunch of faggots draining your faucets via fake gps coordinate apps.

If you have a centralized database of user information, you could implement a number of constraints on faucet payouts to solve these problems.

For example, a simple heuristic would be to limit movement to prevent cheating.

In the world of programming there are few things that are not possible.


Title: Re: [Pre-ANN] GeoCoin
Post by: foodies123 on May 15, 2014, 03:07:08 AM
Sorry to rain on your parade dude but we've had this concept in mind about a month ago for Myriad problem is, gps coordinates are fakeable so you're just gonna have a bunch of faggots draining your faucets via fake gps coordinate apps.

If you have a centralized database of user information, you could implement a number of constraints on faucet payouts to solve these problems.

For example, a simple heuristic would be to limit movement to prevent cheating.

In the world of programming there are few things that are not possible.

trust me we thought it over you can't as of right now come up to any solution to this, we thought about preventing long distances or time or something like that, problem is they can all be faked. thing is you're just going to have a server - client and the client will send the data over let's say rpc protocol, what's to prevent me from sending simulated data from my computer after analizing what my phone client sends.
also the word centralized goes against everything cryptocurrency stands for so any concept based on that is doomed to fail.

op, the discussion was on irc and it wasn't your exact concept it was something more elaborate and on a larger scale, if you want to talk join ##myriadcoin on freenode or just pm me here and I'll tell you all about it. :)

//edit: tomorrow, because it's 6 am and I'm heading to bed :)


Title: Re: [Pre-ANN] GeoCoin
Post by: wukelan on May 15, 2014, 03:23:28 AM
x11 again.i am in.


Title: Re: [Pre-ANN] GeoCoin
Post by: kuanglinliang on May 15, 2014, 03:30:19 AM
What currency is this?


Title: Re: [Pre-ANN] GeoCoin
Post by: illiki23 on May 15, 2014, 03:41:20 AM
Sorry to rain on your parade dude but we've had this concept in mind about a month ago for Myriad problem is, gps coordinates are fakeable so you're just gonna have a bunch of faggots draining your faucets via fake gps coordinate apps.

If you have a centralized database of user information, you could implement a number of constraints on faucet payouts to solve these problems.

For example, a simple heuristic would be to limit movement to prevent cheating.

In the world of programming there are few things that are not possible.

trust me we thought it over you can't as of right now come up to any solution to this, we thought about preventing long distances or time or something like that, problem is they can all be faked. thing is you're just going to have a server - client and the client will send the data over let's say rpc protocol, what's to prevent me from sending simulated data from my computer after analizing what my phone client sends.
also the word centralized goes against everything cryptocurrency stands for so any concept based on that is doomed to fail.

op, the discussion was on irc and it wasn't your exact concept it was something more elaborate and on a larger scale, if you want to talk join ##myriadcoin on freenode or just pm me here and I'll tell you all about it. :)

//edit: tomorrow, because it's 6 am and I'm heading to bed :)


Then it is a challenge then to the coin community to overcome this and this venture will help in the evolution of utility based coins. :)
I have some faith in the chaos.

By bringing the idea onto stage as a coin itself will allow the community to engage in more development.


Title: Re: [Pre-ANN] GeoCoin
Post by: shepp on May 15, 2014, 07:37:06 PM
Geocaching is becoming more and more popular, so this coin could do well.


Title: Re: [Pre-ANN] GeoCoin
Post by: majorminers on May 15, 2014, 07:42:52 PM
When is the launch date/time?


Title: Re: [Pre-ANN] GeoCoin
Post by: majorminers on May 15, 2014, 07:56:28 PM
Gotcha. Keep me in the loop.


Title: Re: [Pre-ANN] GeoCoin
Post by: luck888888 on May 16, 2014, 07:57:07 AM
when start this?


Title: Re: [Pre-ANN] GeoCoin
Post by: platorin on May 17, 2014, 11:12:44 AM
Anything new in here?


Title: Re: [Pre-ANN] GeoCoin
Post by: givemeyourcoin on May 17, 2014, 11:18:42 AM
I just want get some free coins now!


Title: Re: [Pre-ANN] GeoCoin
Post by: MadCow on May 25, 2014, 08:01:49 AM
Bumping this project to let everyone know that unfortunately we're going to have to put it on hold.

After speaking with an industry-leading company regarding securing a partnership for distribution, it appears that "their legal department has advised them against it". Although an exact reason has not been given, we're assuming it has to do with the liability of distributing what would essentially money through their network to targets worldwide. There's also the very large possibility that they didn't understand the project and what would be required for distribution.

Unfortunately without this partnership, distribution as well as industry acceptance is going to be a lot more difficult. I'll admit, I expected this... it was for this reason that I was hoping the industry-leading company would be interested in helping developing the project from the ground up and have them handle everything. Unfortunately, as crypto currency has a negative connotation and I was open with the fact that a paid partnership would be okay if that needed to happen, it appears that they see dollar signs a lot more heavily than I anticipated and they were not willing to work on the project outside of a paid partnership.

I find this disheartening, because this project was for the better of geocaching and nothing else. While this project got me out and geocaching myself, something that I am really enjoying... it has me absolutely fucking hating the geocaching community of Reddit. There's a holier-than-thou attitude that couldn't be matched by Tom Cruise. I was attacked and belittled by these hipsters of hiking on /r/Geocaching so much that at points I started questioning whether I wanted to bother wasting any more time on a project that would do nothing but benefit them. The geocachers I met outside of that shitty community were incredible though; extremely supportive and interested in the project.

In the end, I am disappointed that this project can not get off the ground as is. I'll be working on figuring out an alternative distribution method but for now this project unfortunately has to halt.

Those interested, please feel free to PM me any ideas you have and I would be happy to discuss them with you.


Thanks everyone for your time and interest, I really hope we can make this work at some point.

Thanks for the honest update! Don't give up, you never what know what might be just around the corner dude :)


Title: Re: [Pre-ANN] GeoCoin
Post by: innergy on May 25, 2014, 08:32:57 AM
The coin supply is too big. Make it 15,000,000 coins.


Title: Re: [Pre-ANN] GeoCoin
Post by: wangdanni on May 25, 2014, 08:50:51 AM
launch time?


Title: Re: [Pre-ANN] GeoCoin
Post by: ellen.yan on May 25, 2014, 08:53:24 AM
when start the IPO?


Title: Re: [Pre-ANN] GeoCoin
Post by: WheresWaldo on May 25, 2014, 08:56:49 AM
nice premine


Title: Re: [Pre-ANN] GeoCoin
Post by: workminer on May 25, 2014, 09:28:00 AM
waiting


Title: Re: [Pre-ANN] GeoCoin
Post by: dupee419 on July 26, 2014, 10:06:20 PM
You do know this has been done already, right?

https://andarazoroflove.org/code/geocoin/

released nearly a year ago. if you don't believe me, go check the github repo for the project.


Title: Re: [Pre-ANN] GeoCoin
Post by: bradfrogger on November 10, 2014, 01:01:22 AM
You do know this has been done already, right?

https://andarazoroflove.org/code/geocoin/

released nearly a year ago. if you don't believe me, go check the github repo for the project.

That one is dead, however.. I tried getting it to sync and no luck.