Bitcoin Forum

Hello Bitcointalk, i am looking to put together a team that will create a coin that is absolutely unique in all of crypto. i have spent alot of time analysing crypto markets and coins and from very early we all saw some problems with asics, and multipools having too large an advantage over "joe-miner". this is why i spent much time thinking about how to solve this.

as we all know, this is how the story goes.

coin gets launched
miners get mining
price goes up
10gh miner jumps on board vs the collective 550mh of individual miners
by the time his coins are confirmed 10gh sends to market
sells down all stock and sets coin value back to day 1
all early investors get screwed

over time ive realized that some of these problems occur for a few reasons that can be blamed on the community, the traders, the dev or sometimes simply a lack of investment due to low marketing.

but the majority of the time it's because someone with much more hash at their disposal is willing to crash the market and get back at least his investment into the giant mining rig he acquired or rented.

ive decided to put a stop to this. however, i will need your help. by observing the successes and failures of so many coins as we see on the market today, id like to create a coin that remedies all the problems faced with crypto today. the sad matter of the fact is that because of huge mining farms and the current structure of crypto algorithms, a coin will hold more value to someone with less hash than it would for someone with large amounts of hash. a coin that holds value because all miners have a near balanced value of each coin they mine.

i believe the objective of crypto is to become useful in day to day commerce. retail, paying bills, travel, bars and clubs, casinos and as a general form of payment for goods and services. this generally contributes greatly to make a coin "holdable" with confidence. such as with fiat. i also believe that the only thing that is bad for a coin is selling it for fiat. as btc can be reinvested multiple times into a coin which means that just for example - 5btc can raise the value of a coin to 1million dollars and hold there if all the players who get in, never get out after they got in the first time and just hold their coin, or sell just a little based on market demand. ensuring that each new investor pays a slightly higher price, however confident that even though he did pay more, all his coins are still valued at the price they currently are at. and further will increase in value with the next investor.

this method will be a great plus to crypto, however, community members regularly come and go based on their speculation of the markets. but also because investment is limited, and many are trying to boost their investment capital through investment.

this is why i want to create a coin that will constantly increase in value as long as there are new investors coming along. but to do that the algorithm needs to set squarely in the minds of miners/investors an equal value. which is to say... both huge farms as well as small miners will have the same value for each coin they mine, thus establishing a floor at the value the algorithm dictates.

my problem is that i am not a programmer, and i need a programmer or team of programmers to work with me and the ideas behind this project. perhaps it can be considered an experiment. but what i guarantee is that the behaviour of the algorithm as i will specify will be unlike any coin that currently exists. totally original and tbh i dont know why it hasnt been done yet.

most reading this might be expecting some sort of anti-multipool/megafarm coin. however, the opposite is the case. this coin will welcome large hash.. the more hash the better as usual it will strengthen the network... but without bringing down the value of the coin and without causing a fork. the coin will effectively be immune to both 51% attack and multipool abuse. that's right, bring as much hashpower as you want to this coin. there will be no limit. the coin will be structured in such a way that everyone in the world can participate, mining on the mobile phones, laptop etc which will contribute to worldwide adoption. the other facets of the coin i will release later on in stages as i hope to acquire some interest in this project from this post. a discussion that will not reveal too much of this coin's innovation until it has been created and tested. but dont worry devs.. it wont be hard.. it's a very simple solution, that takes from the strengths of every coin in crypto but adds some new innovation as well. it shouldnt be hard to code.

my goal and reason for wanting to create this coin are very much sentimental. as we all know we dont want any coin to be centralized. but more and more every day as with human nature, some are finding ways to control and dominate a coin. causing much of crypto to become centralized. the coin i would like to create will also eliminate such centralization unless large amounts were purchased by an investor.. which is perfectly fine since he wouldve paid a price he is willing to pay and joe-miner wouldve sold at a price he was willing to sell.

providing this coin does what it is programmed to do as that inter-relates with market and trade behaviour, the stability of value will escalate this coin to be used by merchants very quickly as this is what they look for. merchants dont like heavy fluctuation of value or as it is called in trading.. "volatility". they prefer to see the value of a coin holding steady, with minor rises and falls for extended periods of time as this is an indication that market demand and supply is balanced at that value.

the name of this coin will also be very innovative, easy on the tongue and familiar so it can be used in the real world to denote currency. however the name is also what will define this coin as it's algorithm will behave as the meaning of it's name. that is all the clue i am willing to give about it for now.

if there are any devs out there willing to work with me on this project please, feel free to make a post or msg me and we can discuss further. i dont have any problem discussing this on the public forum, but because of the innovative technology of the coin i will have to keep some things secret until the coin is actually developed, tested and launched.

i am also interested in investors who may be willing to contribute to the development of the coin. as usual i would like to make it 0 premine and would like to be involved from the get go ;)

please post your interest whether as a dev or investor of this idea. everything regarding currency and payments with the project will be 100% transparent as i also believe that people feel better when they can know where their money is any time they want to check. all financial data will be publicly available and to a great extent, controlled for expenditure as deemed needed by the community that develops around thiis coin.


1. *Sakura*    - 0.1Btc(submitted)
2. Geenstijl     - 0.1btc(submitted)
3. Gambiman  - 0.2btc(submitted)
4. Mouse020   - 0.3btc(submitted)
5. ^_^           - 0.1btc(submitted)
6. fakeshadow - 0.1btc(submitted)
7. BillTech       - 0.1btc(submitted)
8. Rimba         - 0.3Btc(submitted)
9. Kooness       - 0.3btc(submitted)
10. pseudonymdude - 0.4btc(submitted)
11. Tam222     - 0.1btc(submitted)
12. Primitive     - 2.8btc(submitted)
13. crashoveride54902 - .25btc(submitted)
14. tobeaj2mer01 - 0.75Btc(submitted)
15. IGFU         - 0.1Btc(submitted)



1. tobeaj2mer01 - 1Btc
2.
3.
4.
5.
6.

A pledge of 1 btc has been made to the development of this project to start things off.

investor positions will now be on a first come first serve basis until the 2btc requirement is met. The project will also continue to take note of any late investors for in the event that one of our investors drops out or fails to meet his pledge when required. we will also look from these investors if the project requires any additional funding and will open a new slot for investors as is deemed necessary for the development of the project.

June 30th 2014 - Core Investment Group
Our Core investor group is formed and full funding for our coin template has been pledged. additional pledges will be listed as backup investors and will be called upon in the event that a position is made vacant or as deemed necessary to the funding of the project to completion and launch.

July 4th 2014 - Graphics and Animation Designer

i've acquired a graphic artist and animation producer for our project. he'll be working on the design of our logo and animation projects which will be used to market our coin globally. more updates to come soon.

July 17th 2014 - Web Development

Our project has now secured a hosting package for the project which will host our official website and forum. Web Developers please apply via pm with your interest to fill the position of Lead Web Developer and are asked to have ready samples of your work and any references that may confirm your talent and reliability. The Domain and currency name will soon be provided in a new [ANN] and current investors are asked to have their pledges handy as well as to ensure that you have supplied me with an email contact which i will send the design document to for your review before the coding process begins.

July 26th 2014 - Web Dev Acquired - Initial Investor list Extended

To see today's Update please click on the following link: https://bitcointalk.org/index.php?topic=611996.msg8037526#msg8037526

The New Dev Fund ddress has been generated and we are currently accepting submissions to help speed up progress.

BTC DEV FUND ADDRESS: 1585Vrf5v2bWfvqss3Fsn7kbhgQcEwyv3c

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Today we've reached the full funding requirement for phase1 investment placing us ready to begin development. Funding was raised by acquiring investors of the crypto community via public offering on this thread. now that we've reached the required target for this stage in the project the thread will remain open, but may soon be abandoned as we near completion and launch. a new [ANN] will be created for our new currency. those interested may still request to be added to the backup investor list for phase 2 which will include an ipo of a small amount of coins to fund further development before launch and being available for trade. please post or pm your interest and ill keep you updated on availability.

Best Regards,
Coinler

because they have stars in their eyes and dreams of grandeur - sell when you feel it's time to get out and don't even count on "to the moon'.

take your profits and move on the the next coin - leave someone else holding those high priced coins - free market & capitalism at it's finest unencumbered by government oversight & rules.

welcome to the wild west and I love it!

People love the cryptocoin.because  it can make them  rich!so,do some new crypto cions make someone can be rich

i disagree. i think it is that belief that reduces the value of crypto. for example.

in a coin with 1 million coins, u managed to mine 30% of all the coins and hold 300k. when market demand grows to the climax of the 700k coins on the market you actually lose if you sell down. it would be better to sell sparingly at the highest value and allow the coin to raise some bits as not to frustrate the market. the reason a coin loses investor interests is because some are selling it down rapidly. and investors are more interested in rising value items. sell a little each allowing the market to climb in between and you get more than just selling down. in the end, the big holder swinging in his stash is the only cause of what he feared would happen.

if a coin is useful in our day to day lives there is no need to sell for fiat. that's the part where you become your own bank in crypto.

simple solutions work ...

every node can just mine the nth mh/s part of the overall hashrate per ip ...

100 miners ... with 1 gh/s in sum ..

every node can hash max 10 mh/s ...

something like that ...

or put a median factor in the block reward so small miners get mor and big miners less...


just my 2 first ideas ...

thanks for those but we're not discussing ideas just yet  :) . for now maybe we should start with acquiring volunteer devs or pledges from investors willing to pay a dev for their work. building it with the community from the ground up. first things first.. we need devs.

 ;D

That is never going to work. Theres nothing stopping us from setting up as many nodes as we want.
Its being widely done right now as well. Just to cover tracks on the coins "richlists."
If you will try to restrict by IP, then this is easy to overcome too.

Why do you think piracy in torrents is so popular? No one can control it. Thats why. Its exactly the same story with cryptocoins. You could set some restrictions for dumb people, but the smarter ones will always get around it and because of your restrictions, smarter people will get even richer.

The only somewhat effective way would be to integrate licence keys and force a node to connect centralized server before starting with mining. This centralized server could restrict hash rate and reject all invalid nodes with false keys.
This of course would wipe out all anonymity and decentralization and would probably never get popular. Centralized server(s) would literally have power over entire network.

this will not be an issue. the system would function in a fully decentralized state. each wallet can mine independently as you usually would and at their full hashpower. there will be no restriction on hash or ip connections. ive got a workaround which just happens to also prevent forking due to 51% attack.

Stopped reading there. Miners/sellers are more than entitled to sell if they want. Work on attracting buyers.

If you really have something extraordinary then you could sell your idea to software companies and be a multimillionaire in no time. Dont waste your time here.  ;)

And any more detailed information? :)

tldr

you want to make a coin that limit the hash per user?

I do not think that there is any innovation?

sounds interesting ,but need show more to public.

i dont want to sell my idea.. i want to be part of this decentralized currency system. create a coin that resolves all issues relating to crypto investment as have been faced to date. one in which larger hash increases the coin's value as has been the objective with other coins, i achieve this by the behaviour coded into the coin.

i understand the direction of this post and im willing to discuss in more detail with an acquired and assigned dev. preferably one that has verifiably worked on other coins and with a long standing bitcointalk user name. some are making suggestions but till now none have suggested the particular remedy i wish to employ. this is because the innovation is indeed unique and not yet thought of or at least not yet publicly proclaimed.

Most 99,9% of new alt-coins are doomed to die.

I HAVE TO TELL YOU A INFO:THERE ARE A COIN LIKE THESE EXIST ALREADY!

Could you elaborate on this - richlists are becoming a very valuable tool to monitor what devs/big-fish are doing with a coin. Are you saying this is going to become a less usable measure going forward because of masternodes?

Richlist has never been and will never be a "valuable tool". Its made up to fool the ingorants. All you see is a single account balance. Any user can have several accounts and wallets running on a single machine.
Anyone with a basic knowledge of how wallets work, know how to do this. Most whales do this because they dont want to show that they have huge amount of coins, which  can be used to manipulate the price when  they want to.

this is true. i have seen many trying in their own ways to assess what really drives crypto value. some try to do it by observing top wallets. but as you said, a big holder only needs to split his holdings into multiple wallets to throw that off. the idea of monitoring richlists is hardly feasible except for knowing when coins are being moved. but while they are holding in a wallet they contribute to rise in value of the coin.

as ive said before i believe in the possibilities for using crypto as a means of barter and trade for a small change to the way commerce is handled.

example.. in a coin with 1000 coins. i hold 400 and allow the price to rise to 25,000 satoshi. if i sold all down i could set the price back to maybe 9,000 satoshi and investment demand will have to generate enough investment to push what was 600.. now 1000 coins on the market back to the price of 25,000 satoshi. but if i didnt sell and i bought more that could set the price now to 26k satoshi and if i buy more then we go up to 30k satoshi.. and noone can dump my stock enough because im responsibly holding. "some will say, but u lose why buy all this worthless coin?" simple...

because if i bought 400 coins at the price of 1000 satoshi and then it rises to 25k that effectively means that if i go to barter/trade/purchase an item or a service with the coin then i just made my purchase at a 96% discount. many will take a while to wrap their heads around the math. but as market cap increases the value of each and every coin on the market increases. the currency for the community as a whole grows value. and builds in strength as long as you dont undersell. just use for barter and trade for goods and services.

selfish underselling is what ruins markets, slows down investment and drives investors to speculation instead of commitment. then someone has to create a new coin for you to rape so you can make a little profit again.

this coin will be built around allowing large hash.. hash raping will and can even be encouraged. the way i see it, trying to kick off large hashpower is the wrong idea. new ways will always be invented so that asics etc can utilize new anti-asic technology. so im taking a head-on reverse approach. either large hash will join the community, causing a boost in value of the coin. or they will stay away from the coin allowing small hashers to struggle to meet market demand. as stated before.. the coin will be designed to increase in value with hash. the algorithm will encourage investors to join and stay with the community once they join. the mission will be worldwide merchant acceptance, which considering resources at our disposal will not be too hard once the coin performs as expected on the markets. a full strategy for the markets and trading advice will be offered to community members so that they can more effectively participate in the vision and goal of the coin.

the idea is the coin will make each miner lots of money/investment capital.. without selling for fiat or even btc. also because of the design, swift worldwide adoption by miners the coin will require no pegging to btc as it's deciding factor of value. it will in effect be it's own independent currency.. and all holders of the coin will effectively be, their own bank.

Reality:

1. Every new coin, shitcoin or obvious scam will get investors, miners and idiots
2. Early investors will loose, late investors will loose, everyone will loose, who knows.
3. This vicious circle will continue.

It's impossible to fix.

on the contrary, i believe every problem has a solution.

and i have a simple solution for this one. with an innovative use of technology that creates balanced value across the board. a brand name that stands out in it's usefulness in commerce, a marketing plan which will if nothing else, bring near everyone in the world into crypto mining with a user friendly mining approach, as well as trading and strategy advice for community members which emphasize the goal of the currency with set milestones for monitoring our achievements as we move along.

ive been thinking about this for a long time. i was actually one of the very first vocal advocates for POS coins. i called it maybe back in december or january. i said to everyone who i discussed crypto with "POS is the future, energy efficient mining". but POS as it is today is still vulnerable to some of the old exploits used on previous standard litecoin clones. as is litecoin. this project is aimed at creating a solid network and community around a currency that will at least reach many new people and start them on crypto-mining. however, the mission and goal of the currency is much more than that. the coin will be designed to provide every member of the community the opportunity to become his/her own bank with a stable cryptocurrency. 

can any developer or anyone else give me a quote for the average price to have a coin created? i would also like to have one made for private use and testing internally for a company.

and please dont recommend coingen. coingen creates weak litecoin clones and just isnt able to meet my specifications. i need a live dev.

bullshit

i know that it's not possible, ip ban can't cut it

no as i said, there will be no limits on hash. this solution is truly out of the box thinking. something im very good at if i do say so myself. i guarantee all participants will enjoy this coin. all users are free to solo mine. the algorithm's behaviour as it will be programmed will be designed to protect investors.

let me also state again. the only reason i may seem a bit secretive about something that will be published as open source is because if i publish the full details of the idea then someone else can use it and i may not know about it to participate. the most important thing to me about this coin is knowing exactly the date and time that it is released so i can start both mining and investing.

i will put out one of details of the project for now. a very minor one.

one part of this coin is to launch it in synchronization with exchanges. that means, at the same time of launch for mining, it will also be added to exchanges as is normally done with pools. users will have the opportunity to sell immediately if they so desire.

let me also add a little background of myself to the thread.

im an IT professional who has worked in the industry for going on 20 years. for the past 5 years ive specialized in Point of Sale related technolgies and service. i am trained in programming and project management however im just not a professional c++ coder. throughout my career my service has been impeccable and have always been a highly valued member of staff anywhere i worked. i also have a long track record of solving "unsolvable problems" plaguing those companies for sometimes years at just about every company i have worked for in my career.

there is much going for us who choose to help bring this coin to fruition that is already sort of in place. all we need now is.. The Coin. i have many connections in the point of sale industry and know how to cut a clear path for currency to be accepted commercially as well as what investors are looking for. this coin will be designed to be an investment opportunity for hardcore investors and community participants.

i know the question on everyone's mind is "how do you protect the value of the stock from increasing hashpower and slowing demand."  or "how will this coin prevent dumping".  but how much is it to pay a dev to develop this and find out. a couple btc? for the most part he will just have to cut and paste code and make edits to the algorithms behaviour in the blockchain as i specify. i am certain that if everyone on btctalk puts just a little we can make up the cost.

perhaps we can guarantee initial investors a share of coins which will be programmed into a premine. all of which would go to those investors.

is it possible we could have some pledges posted towards dev fees so i can add the funds raised to the topic title?

Quote of the day..!!

lol it is a nice quote. accurate for the most part depending on your perspective. because of the behaviour of this code, early investors will not get screwed. we are building a currency that will be stronger than fiat. fiat loses value over time. this time next year a carton of milk will cost $1 extra, and your salaries will remain the same. this inflation decreases the value of fiat currencies. this coin will generate an increase in value over time, the opposite of fiat. making it a holdable item. im confident enough about this, to be responsible for the very first bid on launch day at the exchange. i will even announce the bid price and amount that ive posted. users will be free to sell all the coins they mined.

the votes are in and people are against asics in alts...

https://bitcointalk.org/index.php?topic=641057.160

there are also more investors and gpu miners than asic owners and so you are a minority. asic usage will become obsolete due to abuse of crypto investment markets and you will own toasters in the future. i suggest you use some of your profits to sponsor the development of this particular project. it is the only one that will give u a safe haven for life.. whilst still allowing smaller hashrates to get their share.. together with a very secure blockchain.. your hash will be your investment.

my solution is 10-100x superior to the solution posted for minerals coin. and i really mean that literally. dont pass up this chance to develop the currency that crypto has been waiting for.

Bumping

I possess the only coin design which is superior to minerals in it's method of fair distribution.

minerals coin function on one of my earliest designs. a design i have since revamped and improved to multiples in superiority.

Features
allows asics to mine with gpus without using hash limiting
new wallet feature not found in crypto atm that will be an absolute hit

market
- coin design will provide longterm mining option with high profitability for both asics and gpus(this is   where the magic of the design really comes in) many think limitting hash is the only solution to create fair distribution but it is not. i have the most fair distribution model which protects investors.

- coin will bring 1 billion new miners and investors to crypto.


these are some.. just some of the ideas the design of this coin is centred around. please show your support and let's get it built. it will benefit everyone in crypto and be fair to both gpu miners and asics at the same time. impossible you say?? no.. not impossible.

who wants to build a powerful new currency?

let me know when you hash out the specifics. i will write some code.

Cheers Good Luck
I like your thinking ;)

umm why is your trust score so negative?

thanks

veilcoin was recently released and it has one of my intended technologies in the project pipeline. encrypted voicechat. encrypted messaging was also intended to be one of the features but i had thought up these features completely independently. so what we have are some coins coming out with independent features. decentralized in wallet exchange was yet another i had thought up independently and had all been slated for this coin.

ive got all the specifics. it's really down to working out with the dev(s) what they can or cannot do.

Yes, and i am Mr Nakamoto.

no need for that. i voiced these technologies back in late december early january on various trollboxes.  but mostly on coinex.pw it was a very active trollbox and i wouldnt be surprised to see a dev picked up on them. at the time, everyone was still giddy with scryptcoins and .1btc per day per mh mining profitability. that's just how forward i think.

i still have more unnamed technology and this coin will be built like no other. if someone does release a coin that uses my design(someone else could think it up maybe same way they did for encrypted text and voicechat.) i will post it to this thread.

there are technologies i didnt think up myself which carry high demand in crypto. such as anonimized transactions. but all coins will struggle much harder if the distribution is unfairly balanced for all involved. and also, as asic power grows.. larger farms will have the ability to suck even more investment out of asic-mineable coins driving their value even lower.

my coin solves this problem.. allowing the asics to mine at max potential whilst the value of the coin is still allowed to grow. u understand this coin couldve been the first coin to announce voicechat. and there is still the opportunity to announce more before someone else figures out the same idea.

as coins come out with technologies that i planned to implement into this coin i will reveal them in this thread. however, i highly doubt anyone will be able to match my distribution model. making this coin the strongest.

OK. Im not going to argue here, since theres no way to prove if those ideas originate from you or not. I wish you a good luck. Hopefully you will find your coder.

remove the "veil" over your eyes

join this project

we have acquired a very skilled Dev who is able to meet all the coding needs of this coin.

help me build it for all of us.

bump. development requires pledges from the community. can we get some pledges? no matter how small. i've decided to create a premine that will be calculated as a fair compensation for the initial investors of this coin based on their contribution towards the development fund.

lookedi nteresting but this premine ipo BS ruin everything,,, what would u need with 2 btc from investor, do u not have 2 btc of your own

bait n switch. gain the trust then throw in the wrinkle. scammer

Interesting project... I'm trying to do the same thing without asking for 2btc to cover "dev" costs.

RESERVED

Could you tell us the name of this dev please?

Faketoshi Notrealamoto

unfortunately i cannot afford to build the coin myself. hence im seeking investors and have been for quite some time. i have just received one investor and they agreed to do it using this method. i think it is fair because of the lack of interest thus far and seems the only way to attract investor interest.

new OP update is coming shortly to reflect this.

haha this time it is really funny to see how fud appears with no basis when you are doing everything above board ;p

i actually found that comment funny lol

OP has been updated to reflect new developments.

visibility bump: pledges currently being accepted

I will give the missing 1 btc when you have code ready and successfully tested.
I can use escrow if you dont take my word for it.

terms accepted. pm'd for confirmation

I will give some BTC as an investment when whitepaper and code passes alpha test.

Sir, you want us to invest this coin without whitepaper,code,timeline,escrow except an idea, it's too risky.

i understand this concern. but i believe it is even more risky to publish these things without a solid core of investors ready to have the coding done. it is important that pioneering technologies are kept well blanketted until release. providing information on a need to know basis is also necessary to protect committed investors from having their investment idea stolen by a 3rd party.

i admit it will require your own sense of judge of character to decide if you would like to take the risk associated with joining this project as an initial investor. my methods would also be protecting you if you do.

it is a challenge to procure this through a public arena yet to keep development private until release. but i am committed to doing everything i can to ensure that the idea is protected also so that it could not be used maliciously by someone else with no vision of how to properly employ this technology.

as you can see this project has begun offering the idea to a dev or group of devs as long as they would ensure that i am notified of all progress regarding the project so i can start mining on day one. this was a free offering which has since gathered no attention. the new moves i am making have been gathering more attention and i think serve as a testament to improvement and progress.

as i offered the previous pledge investor. escrow pledges and pledges that wish to take part in the project after the initial template is constructed and tested will be considered our backup investors. our initial investors must agree to provide the pledged funds to a btc development wallet reserved for paying the dev. after all have agreed and are pleased with the specifications and before the dev begins his work. the dev would then be paid once the coin is tested to satisfactorily meet my requirements. as additional features will be added to this template before launch, we will open up slots for new investors and choose from our backup investors group based on their position in the queue.

so yes. initial investors will be privy to much more details regarding the specifications and design. but this phase wont begin until the full investor framework is acquired. which includes the initial investor group who have agreed that i will act as an intermediary between investors and the dev for payment at least for the initial phase of construction.

feel free to pm me if there's anything you'd like to discuss further.

good luck coinler i like it

thanks. does that mean i can list you as a backup investor?

low on investment funds but watching whats going on thx

no worries. im sure you will have some more once the template is done and its features made public.  :D

I would like help and be a backup investor - how much btc is needed?

we are nearing the initial template requirement. this will be the core operation of the coin. im still in the process of negotiating dev fees for the additional features so i don't have a figure yet for what will be needed for those features as development will be tackled in stages up until release. i will list you as a backup investor unless you are ok with me managing the dev fund where i will act as escrow between investors and the dev. agreeing to those terms would make you an initial investor.

I'm in Coinler.
Pledge 0.1 btc

Hi, I would like to see how we might be able to help. Please PM me your contact info

almost missed your post there. thanks for the interest. pledge added to op.

initial investor pledges now stand at 1.5btc

thank you all for your interest in the project. the next phases of the project will continue once we've acquired the full funding requirement in the form of pledges as well as a few backup investor pledges to ensure we have secured enough funding for a complete product.

Coinler

Good idea and count me in.
I want to pledge 0.1 btc.pls add me to your list.

I'll pledge the remaining .4 BTC, but I'd like to know who the dev is and what percentage investors will be receiving.

Thanks

thanks for your interest. i will add you to initial investor list. please feel free to pm me if you have any questions or if anything changes regarding your position.

hi Pseudonymdude, we're currently at 1.9btc meaning there is only 0.1btc worth of pledges remaining for the core investor group to be completed. if you'd still like to be a part of the group i can list you at a moment's notice.

atm i will refrain from stating who my dev is since i have not received permission to publicize his name. i can tell you he is currently on vacation and we will resume talks once he gets back. i will also seek additional developers for consultancy purposes as well as helping with bits of code here and there as it becomes necessary.

the percentage investors will get will be agreed upon in discussion with the core investor group before the coin development begins. this means that investors will know what they are getting before they are requested to fulfill their pledge. rest assured the design and distribution is meant to be fair to all. and that means our initial investors who have taken the risk associated with becoming part of such a project as well as the community and miners at large. it will be a matter of policy that both my modus operandi and design of the coin will seek always to reward early adopters.

hope that answers your questions. if there's anything else please feel free to pm me so we can iron out any concerns you may have.

Best Regards,
Coinler

ill pledge the final .1 where does it go to?

i will provide the development fund address to our core investors just as development is beginning. for now reserving a position only requires a pledge. if any member is unable to meet their pledged amount at pledge time we will look to the backup investor list for the next in line to take over his/her position.

right on

Very glad to hear the news.

the course is set and we will move ahead whilst taking note of milestones.

today id like to mention that i just finished designing a unique anonymous transaction system that may be absolutely thrilling. again it is based on simplicity creating complexity for a very useful and successful anonymous payments system. our entire product will be something special, and this coin will seek to provide innovation after innovation during the course and lifetime of this project. we have a very exciting roadmap planned and more will be announced as time goes by and the project develops.


Best Regards,
Coinler

Good news,hope to see more new features.

and you shall have them.

as stated.. when new coins come out with similar aspects of the technology i plan to employ in this design i will announce them.

here is Singularity Coin:
https://bitcointalk.org/index.php?topic=670533.0

further demonstrating how advanced my thinking is in the specifications of this design please observe the technology employed in singularity. however, the singularity design is a horrible failure even though it allows 2 types of algorithms to mine simultaneously. i will not say any more on their failures. but i will tell you that my design of this feature within my coin itself is at least 10x in superiority.

nice try singularity team but no sandwhich. investors are advised that we will also have a much more powerful roadmap. singularity only discovered this aspect.. and in this aspect alone i have an improved design to multiples that of singularity's. overall this coin is 100x more well thought out than any coin in crypto on the market to date.

at this stage i am also announcing a very efficient decentralized exchange design which i have also completed. providing the most secure and useful in-wallet exchange solution to date. this design is also well thought out and complete in a manner that allows a coder to get to work and complete the job quite easily. our exchange solution is once again a unique innovation. and one that i expect upon completion to become a standard across crypto in-wallet exchange technology.

and there's more. so much more. we are a few years ahead of crypto in this design.

pledges for backup investors are still being accepted.

Singularity source simply a mixed clone from Myriad and couple of other coins. No innovation what so ever. Just another n00b trap.
Hopefully your coin will have some true innovation.

yes i know what they did. there are many peering into this topic to try and figure out what this project really is. unfortunately theyre in a boat without a paddle. it makes no sense what they are doing when those devs and investors can just join this project and let's just get it done properly. this should give you an idea of why i protect my idea. there will be many attempting to use it even without proper knowledge of how to employ the technology. it goes without saying that even if i was to publish this coin's design totally, and someone were to copy it.. their coin wouldnt enjoy the same success due to my well thought out plans. like asking a child to fly a space shuttle into space with no flight background.

they will keep fishing for the answer. some will touch near it in some areas. but i will always provide a trustworthy and professional service to all members of this coin's community. more announcements to come soon.

Dev's apply within if you'd like to assist in the development of this project. you will have options for payment either in btc or from the coin's premine allocation.

Hello.
Will this be a POW coin?!

yes it will be a pow coin.

that was nice ;D
i think theres only backup pledges open
but the more the merrier

Pledge 0.2 btc

Coinler
Is that you ?
https://bitcointalk.org/index.php?topic=673813.0
I see that thread the same like this
If not
please Report to moderator

thank you for bringing this to my attention i will report to moderator immediately.

Moderators are fast. The offending post has been removed.

I have to disagree - it takes everyone the same amount of time and confirmation to get their coins into the market

yeah i just clicked the link after reporting to catch up on the discussion that went on in the thread and it was gone LOL.

thanks mod(s)

i agree with you so i dont see where we disagree ;0

Is this like mastcoin?

no it's not like any coin currently on the market though it may share some similarities with certain coins here and there.

my Dev will be back from vacation this friday. i will be resuming discussions with him then. stay tuned!

backup investor positions are still available.

Cloakcoin has already developed an in-wallet exchange feature which can be used right now. They're also developing a decentralized marketplace in the Cloakcoin wallet.

i know they did. but i designed this coin a bit before cloak coin ever came along. i just didnt have it coded. i suggested the decentralized exchange idea many months ago publicly for dev's to take up the project. whether it is as a result of them hearing me voice my suggestion to defeat the security issues faced with storing coins on exchanges or not. the idea was ideally original when i thought it up with no copycating from anywhere. we will look at cloaks decentralized trading platform for analysis. but my design is very efficient and really boils down to the method they chose to solve the problem. ours will most likely be a bit different in that method of addressing the problem.

also.. decentralized exchange isnt the main innovation of this coin. there is quite a few things that have not even been mentioned in crypto atm. you will hear of them here first.. or if not i will post here to coins that do find similar approaches.

man looks like a spam ad thread stealer pfft

lol that is fine. it is a free market and advertisement is free lol

Today's Update

i've acquired a graphic artist and animation producer for our project. he'll be working on the design of our logo and animation projects which will be used to market our coin globally. more updates to come soon.

Thanks for the update

Nice!

saffron coin beat us to self-destructing messaging and although i have a wider application for the technology.. that kinda sucks.. lol. on the upside we can analyze their source for any benefits that may have come from their particular method performing the task and possibly incorporate it into my method if necessary.

this was/is to be part of our coin's additional features and part of our marketing roadmap under 2 powerful marketing titles. one for text messaging, and the other for voice messaging. it is fine, it just means we will have to compete with them for innovation and direction of the technology over the course of the project. after studying their method i will be in a better position to say if ours is better. but if it is or is equal.. ill make sure to enhance it a bit  ;)

overall our unique coin design will still stand out as there is more still that makes it unique and innovative.

should have another update for us within the next 24hrs or so.

Best Regards,
Coinler

sorry guys having a few delays. building a new server to act as a testbed among other things. my dev is on standby and ive sourced an abe block explorer and multipool coder for the project so the pieces are coming together bit by bit.

may create an [ANN] soon announcing the name of the coin. but not much more details. just to reserve the spot. atm i just want to get through this system build and we'll be moving forward.

Best Regards,
Coinler

thx 4 tha update buddy

System Build is now complete.

initial investors are asked to pay attention to my last pm. still awaiting a response from a couple of you regarding our next phase.

Best Regards,
Coinler

Done,wait news`~

I'll backup pledge .4 BTC assuming IPO premine is at least 3%.

welcome aboard, i'll add your pledge to the list. if you are called upon to join the initial investor group to fund further developments before the launch, you will have a chance to view details regarding the coin's design and operation as well as to decide if you agree with the compensation provided through the premine allocation.


I'll post further updates tomorrow as i will be entering in meeting with the Dev first thing in the morning. Initial investors will later on be provided with the details of the coin's design for the first phase of development, where our aim is to have a fully functional cryptocurrency. a marketing plan is already created for the coin in it's totality as well as the means to fund an aggressive marketing strategy over the course of 24 months. at which time based on our roadmap we should have achieved a significant market share towards worldwide adoption, as well as a successful unpegging to BItcoin as our source and determination of value. 2 of our investors are still yet to respond to my last pm and i hope that they will respond soon. we are ready to begin.

Best Regards,
Coinler

positions for backup investors are still available and will continue to be until the coin is fully developed. those interested are reminded that they will be called upon based on their position in the queue should additional funding be required for the complete product before launch.

current backup investors, please send me an email contact via pm. a couple of our investors seem to be mia and an opportunity may be opened up soon for their position if they still havent responded once im finished negotiating with the devs.

Best Regards,
Coinler

Negotiations and discussions with our dev went very well today. Initial investors will soon be receiving a document for review before the coding process begins. our project will now have a dedicated development team of talented individuals over the long term who have clearly understood and agreed to meet the requirements of our new currency. a spec sheet and final quote is currently being prepared by our dev and we will be in a position to begin once final agreements have been made.

in addition, id like to take this opportunity to announce that one of our investors has agreed to provide us with a hosting package which will host our official website and forum and i will now be seeking web developer(s). Web Devs are asked to please pm me with their interest in providing their skill towards this project in that arena so that we may discuss your compensation and involvement.

The OP and all investors will be further updated shortly.

Best Regards,
Coinler

fantastic lets get it rollin

backup investor list has been updated to include user: "crimealone" based on the order of application.

hope dev can give us a big bang.

focus on this coin,waiting for new progress.

Waiting for you. ;D

How many coins you want distribute to the initial investor?
Could you give us a exact percent?

Focus on this,need some more info.

and i am waiting for dev document before i can make any other moves :D. i think we can all be ambitious with timelines for project management and miletsones. which is why i dont provide exact time frames just yet. i had a feeling the dev would require more time than he initially offered to get ready. not a problem for me as i have had an increasingly demanding schedule on my end as well. havent even had time for trading on the markets this past week or so. but once our initial product is developed i will be in a better position to provide timelines which we will aim to adhere strictly to as part of our marketing plan for further development. i will contact the dev today for an update on his progress.

Best Regards,
Coinler

initial investor positions are currently closed, but may be re-opened at any time. distribution to intial investors will be agreed upon with initial investors through private meeting before the coding even begins. i already have suggestions which are aimed at creating fairness and justified reward for all parties involved and expect that investors will have no problem with my suggested arrangement.

Best Regards,
Coinler

P.S - more info will be provided as it coincides with the preparation milestones of the project plan.

Hello everyone, as some of you may know i have been helping out incognitocoin community(ICG) for the past few days with some organizational work. since the departure of their dev i decided to help them with the supplying of a new dev to work for them as well as prepared a recommended roadmap for them to give their coin some longterm value. as you may know, i did all of this on a voluntary basis and have since asked, nor received anything in return for my service to the community. i apologize if my investors here felt a little neglected but the work i needed to do for them both in the background and foreground was indeed a bit demanding.. as i would expect in the leadup to any project that is getting ready for launch/re-launch.

please be advised that i have supplied them with no unique features out of this project and our project is still fully untainted and revolutionary in all aspects of original design. their decentralized slave node system has nothing to do with my unique design of Anon-tx which i can tell you, ours will be the most amazing Anon-tx system that crypto has ever seen. but theirs isnt bad though, it does seem a bit innovative and worth them taking the step to market and develop their coin.

if you'd like to catch up on my intervention in their project, where my main aim was to protect them from being further scammed by devs with no intention to deliver on promises you can follow the thread here:

https://bitcointalk.org/index.php?topic=702336.msg7967931#msg7967931

in the following thread you can see where i prepared for them a new roadmap and recommendations together with community organisational efforts which got them started with a new website template and hosting. though nothing is set in stone yet. out of this i would say i have acquired 3 prospective Web Devs, to assist in our project when the time comes. you can follow the preparations i made for them here:

https://bitcointalk.org/index.php?topic=708738.0

i will post a new update shortly regarding how we are going to be moving forward for the next step for this project. meaning, sometime today.

Best Regards,
Coinler


Edit: a change has been made to the first link for correction which will take you directly to my first comment on their thread. new link as editted above https://bitcointalk.org/index.php?topic=702336.msg7967931#msg7967931

Coinler count me in for the development group, I will put all my effort into this and I will be more than happy to help you out man. I am definitely interested in the Web Dev Position! Send me a PM

After he's seen your work, your chances are slim

chip i will consider your position. i am in discussion with other devs atm but i like your drive and enthusiasm for delivery at a moment's notice. perhaps you will be able to work with our other dev whom i may secure for the project soon. i will expect fair pricing from you for your services if hired and we can work out all the details in private convo.

ill keep you posted.

Best Regards,
Coinler

Thank you Coinler

small reschedule on thread update. just got out of an extended meeting regarding local stuff im involved in. ill post the update first thing in the morning instead.

Best Regards,
Coinler

Good News!

I've obtained for us a webdev who i've assigned the position to work on the website. he has made us a very generous offer and i believe will be an invaluable member of our team.

the assigned webdev's name is northranger79510

i wish to thank him for his support and look forward to us working together to deliver something special to the crypto-community. He will most likely be working with other devs with a range of skills for the delivery of our website design which i will also be assisting with when we get to that point.

im preparing a further update regarding a current summary of our project progress and the next steps that we are about to take and should have it ready and posted within the hr.

Best Regards,
Coinler

Focus on this,need some more info.

I like this idea it after reading this thread it seems like it has a great community

Will keep a close eye and will try to help as much as I can

How many ppl are there in the teams now ?

Hello to all investors and potential investors. Today i would like to update our growing community of the facts surrounding the delivery of this project as it stands now. I have been in discussions with our dev team and have since obtained the final quote which could only come from nailing down the agreed specifications that will be supplied for the initial coin template. The coin template will provide for us a fully functioning crypto-currency with advanced features and is unique at it's core in terms of blockchain behaviour and operation.

Originally i started this thread based on the supplied quote of 1.5btc for a copy/paste clone of a standard POS coin with a few adjustments to block reward. As a standard practice of project management, i made an overestimated figure of 2btc for investor positions based on my estimate of an additional 0.5btc for the structural changes that would be needed. Now that we have had more detailed discussion, it comes as no surprise that the development of our coin will cost a bit more than this supplied figure, for which we've already gained a significant amount of pledges towards, meeting and beating the originally stated 2btc goal.

The current figure for development of our initial coin template now stands at a total of 6btc. I believe this is a fair price as i have also taken the time to  source quotes from other devs to get an idea of their fee for building a standard POS coin from the ground up, and their fees were also comparatively similar, with ranges of 6-10btc. Because of this coin's unique design, there will be little opportunity to copy and paste code from other coins. As mentioned this is a totally unique design for cryptocurrency that takes an innovative approach to mining and investment practices normally seen on today's crypto-markets. for this reason, our dev will have to do a significant amount of actual coding to address and deliver to design specification. in summary, this is totally and in no way a standard POS coin. and so i believe the figure is well justified and more than that, quite generous.

In addition to the coin coding itself, our dev has also offered the service of a master sync node to get us started, together with tech-support for the period of 1 month. this puts us in a strong position for a successful launch come launch day as everything will be fully tested before the actual launch.

Based on the information i now have to work with and the supplied quote, i have decided now to re-open the initial investor list, and the current backup investors will be added to that list in their listed order. We will continue to attract investors for the initial investor list until the 6btc goal is obtained and will also continue to also seek backup investors for phase2 which will begin once our initial coin design is completed and fully tested. some of our current investors have expressed a desire to re-invest in phase2 once phase1 is completed to their liking. All are reminded that you will have a chance to see a more detailed document providing the outline of the coin's design for review before coding begins. should any of our current investors/backup investors wish to forfeit their position, those in the list behind them will be moved up the list and new investors will be added to the list based on their order of application.

Phase 1 Details
Phase1 will consist of both the acquisition of full funding for the project, as well as payments in stages to our Dev for each milestone in delivery. Our Dev will require a 33% downpayment of 2btc to get started. After which he will provide me with source code on a continuing basis within 3-4 days after the downpayment has been made to demonstrate his progress on the job until completion. Investors are advised that no funds will be paid to the Dev until the entire 6btc goal is met and all investors have agreed to proceed with development. at which time i will make the 2btc payment so work can get started. The Dev, through what seems to be his own vested interest in this project has also agreed to accept up to 20% of payment in the coin we are developing itself, and we will negotiate further on how his payment will be disseminated within that regard. but for now, to ensure this project can deliver on the full request for payment the 6btc goal will stay as the requisite.

Phase2 Details
Phase2 will include some additional features geared towards making a strong entrance unto the crypto-market by providing some additional security features, with PR bounties setup from within the premine allocation. we will also seek to auction coins from the premine to gain btc for further development, however this is all based on whether or not we are unable to meet costs from our backup/repeat investors. phase2 investors will also be compensated from the premine allocation per their agreement of the suggested allocation that would be provided to them for their support and funding and just as with the intial investors, is designed to be a fair compensation and will aim to provide a minimum of ROI on initial investment value in btc.

In an effort to get things moving along, i have now setup a new btc address for the Dev Fund which will be managed solely by myself. I will maintain multiple backups of the wallet for security purposes offline and investors will at any time before the coding process actually begins be able to request a refund at no cost to them. This is in keeping with transparency and efficient management of funds as protocol, which i will always provide to our valued investors and community as part of a professional and reliable service. Pledges will remain open, but for those who wish to send their pledges in now, the address is available to them as will be posted in the main OP of the thread. The new wallet has been generated on a secure network and system with more than 2tbs of storage capacity at my disposal. Investors can be confident that they will suffer no loss at the hands of mishaps as all necessary precautions have been prepared to safeguard their investment.

The newly generated and assigned BTC Dev Fund Address is as follows:

1585Vrf5v2bWfvqss3Fsn7kbhgQcEwyv3c

any questions/comments can be directed to me either in pm or here on the forum. Thanks to all for your support. we will continue to move along with putting in place all necessary foundation to give this coin a strong and successful launch.

Best Regards,
Coinler

we have a constantly growing team of members. as of now our dev team consists of 3 highly skilled members. we also have 2 webdev's on standby with a potential 3rd, 1 graphics and animations artist together with our list of investors whom some have also offered additional services towards the project.

Thanks for your interest,
Coinler

Decided to post an additional update today..

Some of us looking on may have reservations about this coin's design in direct regards to vulnerabilities proposed by some members of the forum relating to POS technology. i wish to inform all current investors and potential investors they need not worry about those vulnerabilities with this coin. as all of them have indeed been addressed. i have been aware of all these "theoretical exploits" against POS networks for some time, and I designed this coin with them in mind and a method that 100% defeats the possibility of these exploits being successful.  As promised, investors are guaranteed that my direction of design and this project for it's lifetime, will always aim to solve any problems that prop up and protect all of our community and investors. some have already been foreseen and contingency measures are ready to be executed. this is why ive said that it would serve no real profit to anyone to attempt to administer this technology without my knowledge and planning which is for a longterm basis.. initially 24 months. by which time we should have a fully self sustaining network.

ive since involved myself in debate on three threads of concern and our community can follow them here:

low diff/high diff theoretical exploit - https://bitcointalk.org/index.php?topic=604716.0

FUD - https://bitcointalk.org/index.php?topic=667594.0

MORE FUD 51% attack - https://bitcointalk.org/index.php?topic=674029.0 (greed creates futility)

all of these exploits are only theoretical, yet passed off as factual. however i have taken steps to ensure that they are not even any longer theoretical in my design.

here is my quote from the original OP posted on day 1:


this is both against hash and POS 51% attack, creating a highly secure and resilient cryptocurrency.

im not sure we should be listening to people who advise us to put our money in the bank anyway!!?? the whole point of the existence of cryptocurrencies being a move away from centralization:


just when you thought you'd seen it all.. guess what.. lol

Tam222 has gotten us started with a submission of 0.1Btc to the Dev. Fund Address.

We are now seeking someone to fulfill the position of Reddit manager. this user will be responsible for the daily management of our Reddit users. negotiations are open and on offer is a monthly salary plan which will be a static amount of coins that will be paid from the pre-mine allocation on a monthly basis. this means you will be paid the same amount of coins each month regardless of price increases on the market.

interested parties please apply via pm.

i will post a new update to the OP soon and all current investors will be notified by PM regarding new developments.

keep the pledges coming in if ur tired of poorly distiributed mining process on all latest coins and stagnant prices. join this project if ur into stability, savings and steadily increasing value of your investment. this currency is for you!

Best Regards,
Coinler

Gambiman has also sent in his pledge of 0.1btc putting us at a total of 0.2btc received at dev fund address.

It is time to sent the pledge Btc? ;)

im accepting them now but all the same terms apply. you will receive the design document for review before we pay the dev. if u decide after reviewing the design document that you want to opt out, your submitted pledge will be refunded to the originating address. we have just about all that we need in place. we just need more pledges to make up the 6btc goal. ive setup the dev fund address so we can get an early start on that.

Best Regards,
Coinler

txids have been removed from the public posting on the thread due to information that this may not be agreeable with bitcointalk terms of service. users can see them by visiting the address on the blockchain explorer for now pending confirmation whether this is ok considering the nature of the project and regarding transparency.

Best Regards,
Coinler

Perhaps just list them on the website or another place with a link on the Op regarding the TX id's

hi Coinler, i'll pledge the balance, 2.8 btc (or whatever the remaining is). thanks.

wild so generous very nice

After supercoin,we have sigcoin now..

That is excellent Primitive, thanks for your support. let me get in contact with all investors to confirm that they are ready with their pledges handy. i'll still accept a few backup pledges in the meantime and arrange a schedule with the dev.

Meantime id also like to announce that we have now on our team a new member. The user Karimdr2 has signed on as our dedicated Mac Wallet Dev. He will ensure that we have our Mac wallet version ready on launch day, as well as updates/bugfixes when they become necessary.

More to come soon.

Best Regards,
Coinler

Hi Tranglee, we will have an area on the website where users can view financial expenditure reports as well as the ability to monitor our holdings and budgetary allocation for various projects in the roadmap, including all donations received from anonymous sources. we will align ourselves fully with bitcointalk regulations as they are designed to provide an added layer of security for users though it isnt a major cause for concern to many users.

Best Regards,
Coinler

Thank you Coinler, I have a good feeling about this project.

My 0.3BTC sent, TXID has pmed you!
Please confirm it.
Best wishes!

Thanks Kooness the transaction is confirmed. we're now at 0.5btc in early submissions.

Hi, Dev!

I'll pledge the 0.1 BTC.

Thanks.

it's a graveyard out there. as made by one of my early predictions, only a few coins will survive and thrive. the ones that have real infrastructure, continuous development and vision together with community effort and fair distribution! investors want a currency they can rely on for day to day commerce and savings. a currency with stability and organic growth from real investment made by real investors. pump and dumps will be pumped and dumped. it wont be long now before people get tired of the worthless cryptocurrencies being run off the mill these days with no future objective. but furthermore the success of those cryptocurrency also has to do with it's community effort to build and promote it. but you hardly find that nowadays. this is why a currency needs vision and direction. a commitment to a goal that attracts investors and builds value through steadily advancing infrastructure and security. without which a coin remains speculative and holding no real value except for those that still wish to gamble on it's perceived worth.

Join this project if you want a decentralized platform for storing your money that also provides investment potential and interest on savings while ur still the first to know about it. be your own bank with a powerful new design of cryptocurrency.

I'd like to thank all my current investors for their support as we should be moving forward soon with the development of this powerful new currency and will always work to ensure that investors are happy with their investment towards our longterm objectives. Market performance and community organisation determines support from joe investor and corporations alike. and this currency is designed to be a performer. a currency where the words "bigger risk = bigger reward" and also "the early bird catches the worm" will hold true for all involved.

more information will be provided soon. Our dev is currently working on another project which ive known about and should be available for us to resume here from August 16th. by which time i should have confirmed what may be some very good news. the next major investor update will come when the schedule has been finalized with the Dev. Pledges for Backup Investor positions are still being accepted. show your support and reserve a slot for the very small cost of a pledge only.

Best Regards,
Coinler

thanks for that update.  looking forward!

marking so I can keep up with this. let me know if you need anything coinler

My 0.1BTC sent, TXID has pmed you!
Please confirm it.
Best wishes!

this transaction has been confirmed. Thanks for joining. more info will be provided soon.

Best Regards,
Coinler

I read this ANN a long time ago, do you have anything now?like beta client, whitepaper

We're still in the project preparation stages. more information is provided to initial investors only and will be that way until we're ready for launch or very near launch time.

Today's update: Delayed

Looks like we're going to have a bit of delay moving forward. The project my Dev is working on is running over time and as a result the launch which would clear his schedule to begin with us has been postponed. Our next steps depend on this so until i have a schedule finalized with the Dev ill be continuing to prepare foundational infrastructure for our launch and listing backup investors. Sorry for the delay on update but for now we will stick to the plan and wait for our Dev to get his schedule freed to provide more focus on our Development. Based on the pre-preparations i have been making, once we get to that point we should be home free for a while as i consider getting this product launched to be the hardest part of our project roadmap for months after launch.

In other news POS-II will soon be launched under a coin im following and i'll be looking at that for ideas and adaptations that may be beneficial to us. Timing is everything. And as i watched Btc slump over the weekend I could not help but remember what the threat of government regulation and centralization can do as this slump was predicted as well by me in the face of America's regulation proposals which show total ignorance of the concept of crypto processes and decentralization worries. Rest assured, this cryptocurrency is very future thinking and it's design and roadmap are geared towards providing investors and traders with certain.. exemptions. I will also be bringing up the development of our btc unpegging technologies to an earlier period in our roadmap to avoid us suffering any more slumps below $500/btc value whilst allowing investors in this crypto-currency to still gain benefit from it's rises. Adaptations will be made if the minimum Btc value of $500/btc are not met on the market when we are ready to launch.

More will be revealed soon as i am as eager as you to reveal it and we will hopefully be beginning our development process soon and on the road to launch.

Best Regards,
Coinler

Good job man, Regards!

Just learned your post, this gonna be greatest work ever, would glad to help out; this is from magi by the way.

thanks for the show of support joelao95. i will also continue to support xmg even after our project is under way. i suppose now would be a good time to tip investors to take a look at xmg and grab a couple. it's at 100 satoshi now, but i expect that to change significantly to the positive in coming days/weeks.

this project will also continue to support a few hand picked coins and see no reason why our communities couldnt work together, pooling our resources even though some may consider us competing currencies. we will help provide recommendations to reputable and trustworthy devs in crypto who have shown dedication to their projects and communities. thanks again joelao95 for showing support for our growing community and project. im sure your skills and knowledge may be beneficial to us in the future.

Best Regards,
Coinler

It's been a hell of a week and i had hoped to get more done this weekend regarding updating the thread, however it totally slipped my mind that we had local festivities this weekend and may have had guests to entertain who did turn up to remind me lol. between that and managing my investment in fibrecoin left me little time to do much else but sleep when i got the chance. all in all it's been pretty exhausting but im on holiday today and will be catching up on much needed rest for another busy week ahead.

Design documents have been submitted to our initial investors as we get ready to begin the coding process. An opportunity may arise for our backup investors to join the initial investor list citing 2 of our users being mia for some time. now that we are coming closer to coding phase i will have no choice but to sub them out and allow our backup investors to take their place until they respond with required email contact information.

More thread updates and announcements to come soon.

Best Regards,
Coinler

Backup Investors get on board. Our Dev is waiting for the green light on this.

here's what one of our investors had to say after reading the design document.

"I really, really like your concept."

"I believe that this will be a cluster bomb!"

It seems SSV has beaten us to yet another idea meant to be implemented:

Decentralized master sync node system. we will have additional incentives for users to act as nodes for our network.

SSV Coin - https://bitcointalk.org/index.php?topic=736444.0

Very nice idea.

Thanks *Sakura*, there's more where that came from, alot more.

so did any of us catch my fibre tip? it's still going up. seems to be holding up well.

our currency will expand with demand, allowing the entire world to participate and gain a substantial amount of value for themselves before our full merchant and consumer network is in operation. and after. let's get rolling guys. Dev is waiting. ill send out new comms today with the hope that all investors have gotten a chance to read the document. will just be asking for confirmation of receipt of the document sent out via email. i will hope to gain some form of response from investors who have not yet submitted their pledge on whether they would still like to proceed as investors of this coin and adjustments to the investor list will be made this weekend and during the course of the week.

Best Regards,
Coinler

P.S. - I would like to send a special thank you out to those investors who showed faith by submitting their btc in advance and reassure them that their investment is safe and in tact. if any of you would like to pull out. now is the time to let me know and ill afford you a full refund of your submitted amount to the originating address. I hope and intend for us to begin the coding process by Monday 15th September 2014.

also if any users would like to be moved into the Initial investor list now is also the time to say so as one of our unresponsive investors will be removed from the the list today. as conferred with the rest of investors, numerous attempts at communication for request of an email address etc have been ignored and so having extended time for a response as much as possible, i will have no choice at this point but to sub them out and allow currently listed Backup Investors to become listed as Initial investors.

The User Primitive has submitted his pledge of 2.8btc

The Dev Fund is now funded 3.4btc. just 2.6 to go. There is an opening for some initial investors to get involved. Dont miss this opportunity to join our initial investor group. you'll be glad you did.

in other news.. fibre topped out at 50k satoshi today making a massive rise from 33k. if you caught my tip when it was 16k satoshi, you must be smiling right now. Cheers to all and good luck with trade. New Updates will be posted soon as we make arrangements to begin the coding process. im currently looking at a start for the coming monday.

Best Regards,
Coinler

Also the lack of 2.6Btc ?
If you need to
The best way is PM all this project User

Hey Mouse020, we're not lacking 2.6btc but waiting some feedback and for our users to send in their pledges. we have met the requirement in pledges so it's just about getting them submitted for us to start now. i want to make sure i have the full funding before we make the downpayment so that for whatever reason we do not come up short once the phase 1 coding is completed.

expect new pm later today regarding irc conference. ill be available on irc on a continual basis from this weekend as development of this project will be my priority.

Best Regards,
Coinler

can't wait for this to happen :)

any updates?

Hi Primitive, look out for general pm tomorrow. we're still waiting on a few submissions. ill make one more attempt to contact those who havent responded and if they dont reply this weekend then we'll make arrangements to have their positions replaced.

Best Regards,
Coinler

just one more submission to go and we'll be beginning. ill pm all investors regarding our next steps after the 6btc goal is completely met.

Best Regards,
Coinler

Fibre has been raging topping out at .0009btc on crypsty over the weekend before bouncing around between .0006 and .0008btc proving still to be a great investment for those who got in late at .0005btc. meantime magicoin/xmg has since made a 1000%+ rise from 100 satoshi to 1200 as some anticipate the coinswap, while xmg is currently trading above 10k. two good opportunities for coins with great communities and devs who've so far proven to be committed to their goals. Good luck on the markets everyone.

Best Regards,
Coinler

any update?

Any good news?

none im afraid. ive sent out an update via pm to all investors. we're delayed to the point where we're a bit stuck but im making arrangements to get us moving forward.

Best Regards,
Coinler

Investor update coming later today. we had some successful testing of planned features with a private dev team. still trying to source a p2pool coder.

in other news, called the BTC rise last week.predicted us to be sitting over $600/Btc by the end of november and so far so good. who knows maybe sooner. and if you're looking for a good investment packed with features and professional development team.. take a look at opal coin. i think it slipped under the radar. we may not see fibrecoin-like rises but i see great potential for maybe 5x+ if you get in under 1k.

giving them a plug. grab a couple. 1000 coins right now is like 0.007btc

https://bitcointalk.org/index.php?topic=778720.0

look out for a new update tomorrow guys. plan B is in effect. more details tomorrow via email.

Best Regards,
Coinler

Any update?

check pm guys!! if you didnt receive the PM or email please let me know and ill get a copy out to you asap.

Coinler

Is there any recent public information available on this project? It's been extremely quiet. Or is this only a strictly hush-hush operation?

Hi Guys, after some deliberation it is with deep regret and despair, that i am announcing what i am about to announce. despite my greatest efforts to put together a great project for cryptoinvestments, to which i have done everything humanly possible from my end regarding the structure of this project and the putting together of a team, that i must now say that i am shelving the project.

unfortunately i could not find a dev willing to work with us, who both has the skill and time to put towards this project. i have spoken with quite a few devs whom i believe have the necessary skillset to deliver on everything i had planned in our roadmap and have unfortunately been turned down by every one of them. after all, they can code the coin themselves why would they want to work with me. i have had the experience of noting that few devs are truly interested in advancing crypto so much as advancing their own pockets. which is understandable, however critical to the team i wanted to put together. sure we couldve delivered something truly special to the world and be rewarded all for it. however, this is not enough for some people, and they rather have total control. ive also discovered that a few devs have many many many coins they have made and flopped under new identities and dont really care as long as they keep making money in projects they dont really have any real devotion to over the longterm.

though i will continue to seek a dev to work with us in my spare time. i would like to announce that i am going to refunding all investors their contribution to the development of this project. i apologize greatly for my failure to deliver and i am sorry for everyone i have let down. i know many of you were very excited for this development but i cant do it on my own. at least not at the moment. i guess some things are just not meant to be. or not meant to be before their time or before someone has major control over it. if one day i do get the coin made i will contact you all as well so you would have the opportunity to be early investors.

i am not a person that accepts mediocrity and if i had to release just another lame clone coin id rather not do it at all. my devotion is to innovation and uniqueness. and since i cant seem to secure a dev that will deliver our ultimate project i see no reason to lead people on with a basic clone coin when a talented dev is the central requirement to delivery. it has been many months since i have held on to your investment in search of an agreeable dev. and at this point i cannot say with any confidence that i will be able to deliver against my earlier beliefs. as a result, i will process your refunds on request. please pm me your current btc address for your refund from your original accounts. i will cover any transaction fees so that you will get the exact total amount of which you submitted from the start.

I thank you all greatly for your support and confidence. and once again apologize for things not going how id hoped. it is quite embarrassing for me to have a project run so long behind schedule. even with all of the foundational aspects already in place. it seems that crypto-devs i have been able to reach arent very cooperative when able. and some im sure just view various coins as competitors.

i will be sending out a pm to all investors to ensure that you received and read this post. and will begin processing your refunds forthwith.

Best Regards to all. and well. at least i didnt lose your money to some scam dev. so ill view that as the only positive thing to come out of this.

Coinler

we were going well. everything was in place. except a dev with the skill to do what we need, willing to work on something special for crypto. no doubt some ive spoken with are going through my design document and trying to do it all on their own.

we have a great project plan and devs who can provide all basic features except the main ones we require to get launched. but unfortunately, due to the lack of a dev willing to work with us to do some new things with crypto under my management of this project we cant even get launched. and thus. as per my post above. the project is being shelved and all investors being refunded.

my only option now is to pursue doing it myself. which is not impossible. however i would have to divert all of my energies to learning to code etc from a basic understanding. im currently studying how to clone coins and will probably do some tests in my spare time and try to get one fully running. but the real coding that will be needed will require me most likely to take a full course.

I'm sorry to hear your about your frustrations and having to shelve your project. I'm still very curious about the features that would make your coin a success but I won't push you on anything.

Thanks for the update here. I've actually been following this project as an outsider since the early announcement. I don't know why, but it did catch my interest.

well the design document is already in quite a few hands that wont be participating in the project so if you like i can shoot you a copy. pm me an email and ill get one out to you. thanks for your interest. you can see my investors had full confidence in the design and ive held their coins for quite some time. it can also be verified on the blockchain explorer that they were never moved to say i used it for other purposes or anything like that. im sure they upon reading this will be disappointed to say the least. but such is life. i myself am disappointed in myself. but also in crypto-dev community.

Best Regards,
Coinler

Mass PM has been sent out. refunds will be processed within 24-48hrs of receiving the request with user provided btc address.

Best Regards,
Coinler

It's very, very frustrating when honest and hardworking people have such problems in achieving their goals.
Thank you very much for your work Coinler! At least you tried, very long and hard trying to...
But do not worry much! I am sure that you will run worthy projects in the future and I will be happy to participate in your future projects as an early investor.

Thanks Sakura, i figure if i really apply myself i can get it done myself within a year or 2. but basically.. this is the response i receive from developers after theyve agreed to do freelance/contract work, listened to my idea and approved of the concept and asked to provide me a quote for their service.

https://www.youtube.com/watch?v=cIasr2AiyZ0

------------------------------------------------------------------------------------------------------

Full Refunds have been provided to the following users so far:

BillTech
Primitive
*Sakura*
Gambiman
crashoveride5490
tobeaj2mer01
Pseudonymdude

you should see these transaction on the blockchain currently being confirmed to the addresses provided.

Best Regards,
Coinler

Received. Thank you and good luck! Be in touch.

Refunds have also now been provided to:

Geenstijl
^_^

transactions being confirmed now. thanks for your support and good luck all.

Best Regards,
Coinler

got it.  thanks man.