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Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: FoldingCoin on July 09, 2014, 01:31:16 AM



Title: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on July 09, 2014, 01:31:16 AM
*THIS IS THE OLD ORIGINAL FORUM, IT HAS NOT BEEN UPDATED. NEW FORUM FOUND HERE https://bitcointalk.org/index.php?topic=781352.0

http://static.wixstatic.com/media/788fa9_3661f1756fed438bbc0d848d24f82532.png_srz_p_182_182_75_22_0.50_1.20_0.00_png_srz

If your like my team then you invested a ton of money into GPUs and CPUs for Bitcoin mining early on before the ASICs dominated the market. If your also like us then you have switched to doing Altcoin mining since last April and now with the Scrypt ASICs this year you find your self in the same situation where you cant turn a profit. Well we have the next generation of mining for us all - FLDC or FoldingCoin
 
HOW DOES IT WORK?
Instead of mining a coin directly, simply point your GPUs at the Folding@Home network developed by Stanford university by downloading their FAH client. What this program does is uses your computers resources to help fold proteins for scientific research. No configuration like CGminer or anything else is needed. This program is very well put together and straight out of the box.
 
HOW DO YOU GET COINS THEN?
The way Stanford has this setup is you create a user name and you choose a team that you would like to fold with. You are then given credits for the work you do. Now these credits do not mean anything for the folders at Folding@Home rather they are for bragging rights as you can see a list of all credits awarded on their stats page and you can see where you stand. Well with the counterparty Bitcoin 2.0 project that has recently been released you are able to build new coins on top of the Bitcoin network that already exists. The benifits of this is unlike altcoins that are subject to attacks and difficulty fluctuating all the time, your coin that you create on counterparty is actually secured by the Bitcoin network itself. To see one of these working coins just head over to Let's Talk Bitcoin! as they already have their own coin working using the counterparty protocol. What FoldingCoin.net will do is create a coin using the counterparty protocol and distribute them weekly to every participant in the FoldingCoin Team.  3.5 million coins will be divided equally amongst all participates according to how many credits they have contributed that week to the folding network. For example: if 17,600,000 credits have been folded on the network then the equation will be:
3,500,000 FoldingCoins / 17,600,000 credits = 0.199 FoldingCoins per credit earned. So if someone had 100,000 credits then they would receive 19,900 FoldingCoins. FoldingCoins are traded as FLDC on the CounterParty network, please click on The Coin in the menu bar for more information

http://www.foldingcoin.net


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: badon420 on July 09, 2014, 01:59:30 AM
I will be very much so mine


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: billotronic on July 09, 2014, 02:09:22 AM
https://bitcointalk.org/index.php?topic=603757.0


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Kooness on July 09, 2014, 03:11:18 AM
https://bitcointalk.org/index.php?topic=603757.0

Yes, there are too many similar coins.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: stormia on July 09, 2014, 04:13:34 AM
Uhh.. yeah, this already exists... how is this any different/an improvement?

https://bitcointalk.org/index.php?topic=603757.0


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: kqpahv on July 09, 2014, 04:37:54 AM
Figure out a way how not to premine 100% of the folding coins and I am in. Developers having all the coins and then distributing them is stupid and low tech.
Thats what killed Curecoin and it wont be any different here.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: yang5034 on July 09, 2014, 06:03:03 AM
gpu efficiency is very low


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: mafia on July 09, 2014, 02:22:10 PM
Is cure coin dead? Damn!


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on July 12, 2014, 04:01:24 AM
The difference between this coin and CureCoin is that CurCoin requires ASIC miners to mine their coin to help keep the integrity of their coin. The problem with this is that it is still possible to attack the coin if you move more miners over to this coin. As for FoldingCoin is built on the http://www.counterparty.co protocol which is built on top off the Bitcoin network and is secured by Bitcoin miners.

And in response to the premine, i understand that premine is bad. The only way to make this coin possible to help the Folding Network is by premining though as you are not mining a coin directly. Their are 2 reasons why you should trust the coin though:

1. I am actively trying to get Stanford to control the coin directly therefore it is an established organization you can trust
2. ASIC have destroyed GPU mining and their are no other options


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Aboy68 on July 17, 2014, 05:08:31 AM
The difference between this coin and CureCoin is that CurCoin requires ASIC miners to mine their coin to help keep the integrity of their coin. The problem with this is that it is still possible to attack the coin if you move more miners over to this coin. As for FoldingCoin is built on the http://www.counterparty.co protocol which is built on top off the Bitcoin network and is secured by Bitcoin miners.

And in response to the premine, i understand that premine is bad. The only way to make this coin possible to help the Folding Network is by premining though as you are not mining a coin directly. Their are 2 reasons why you should trust the coin though:

1. I am actively trying to get Stanford to control the coin directly therefore it is an established organization you can trust
2. ASIC have destroyed GPU mining and their are no other options

Hi

How does you development plan looks like for FoldingCoin?
What's your plans for making this coin worth buying?
//Aboy68


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: SalimNagamato on July 17, 2014, 05:43:36 AM
if you can make it more smart
that somehow new coins will be generated every week automatically (without premine)
and will be distributed safely among all folders


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Aboy68 on July 18, 2014, 11:04:51 AM
if you can make it more smart
that somehow new coins will be generated every week automatically (without premine)
and will be distributed safely among all folders

Do you have any ide?
I think it's almost impossible now when you only do folding, we don't need any mining on a block-chain to secure the net.
If every transaction is reported in a excel file, the community can trace back and check if the developers are doing "wrong" things with the coins. Weekly payments to folders etc....
And if the coins are stored in a "secure" way so no one will ever hack the wallet.

Then I'm happy with the handle of the coins.

//Aboy68


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on July 21, 2014, 09:46:42 PM
We now have 3 developers and we are making great strides in this first month. Adam from LTB just got me introduced to a great distribution system of theirs and it works perfectly. how we will distribute is we add all the credits up that week from the whole team and whatever percentage you have, times that by 3.5 million and thats how many coins you will receive. I just got the most updated Excel Spreadsheet and we will be posting it online soon. I am currently going through and making sure that everyone has received the right amount of tokens each week thus far.

Since the various sites that track Folding are not always up to date and it seems like the numbers can change, what we will start doing is taking the difference (of your total credits) from the previous payout to the current overall credits you have. This ensures that no credits will be lost due to websites lagging on updating information. Because even if some of your credits are not registered by the time we do payouts, then you will simply get them on the next payout. Now that we are in the top 2000 (655) we have access to a great quick stats page only offered to the top 2000 teams. This will make everything go much smoother in the future.

More will come throughout this week and it has been great gaining 2 more developers as i still have a fulltime job. We are trying to implement this as the currency of Meetup.com groups and i will be speaking at my meetup this upcoming weekend and supplying our organizer with 50k FLDC. We are all working on this project with all our free time and would love as much additional input/development skills on this project. Please keep all the feedback coming (negative or positive)


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on July 21, 2014, 09:59:47 PM
All undistributed coins are held in this wallet - http://www.blockscan.com/address.aspx?q=1DqgPfNnDKGJcXLbfTHX9MUL8x8St8ZX9P

If you select view assets and click on FLDC you will see all unpaid ones there. Also if you look at this breakdown you will see that the coin has been locked and can never have more created - http://www.blockscan.com/assetInfo.aspx?q=FLDC

Remember this is not a coin, it is a "User Created Asset" built on the counterparty protocol http://www.counterparty.co

Also the statistic website is http://fah-web2.stanford.edu/teamstats/team226728.html and the previous one that we used was http://stats.free-dc.org/stats.php?page=team&proj=fah&team=226728 (they are currently down at writing time but will be back up soon, one of the reasons we will use a different tracking page supported directly from Stanford)


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: tiger5056 on July 22, 2014, 03:13:41 PM
how long it takes to shows address on stat page?


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Aboy68 on July 22, 2014, 06:54:47 PM
how long it takes to shows address on stat page?

You need to send a complete working unit back to standford first, then later you show up on the stat pages.
A wu can take hours or days .... you have to check that in you GUI of your folding software.

//Aboy68


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Aboy68 on July 24, 2014, 10:06:38 PM
CureCoin!
https://bitcointalk.org/index.php?topic=603757.new#new


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: tiger5056 on July 26, 2014, 07:20:55 PM
if you tired of scam right now, this is better one to get in to. no ASIC right now and use GPU for something better use.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Nitmeare on July 31, 2014, 08:31:27 PM
I will support this project, better using GPU for supporting science than let it be idle all the time.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on August 02, 2014, 06:08:30 PM
Thank you all for your support :) we now have a code developed that will pay the coins out daily and we will start that this Sunday. Also it is a great thing to not let your GPUs sit idle but rather help support science and with our development coming along, this coins should hopefully be on exchanges soon :)


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Amph on August 02, 2014, 06:10:58 PM
Is cure coin dead? Damn!

people only want to help their portfolio


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Jpja on August 13, 2014, 11:39:36 AM
Very good project  :)

I've started folding proteins and wrote about it on my blog.
http://jpja.net/2014/08/how-counterparty-can-cure-disease/

If I understand correctly FLDC has no value in itself. Where it does add value, however, is that it creates a more efficient way of donating to medical science. Say that I want give a few dollars to the project. I can buy FLDC in Counterwallet's DEX. This rewards the "miner" who earned FLDC initially, thus incentivizing protein folding.

The great benefit is that I, prior to FLDC, had to run the software on my slow laptop, whereas I now can donate to much more effective GPU operators.

Did I understand it right?


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on August 16, 2014, 03:22:28 AM
The value of FLDC will work like any other altcoin, the value will increase as more people obtain them and start to buy/sell them. However we are trying to actively develop this coin to be a MeetUp.com currency so that way it has a real world use, more is to come with this idea in the next few weeks.

As for the incentive to folding, yes, until now if you folded with stanfords program, you only received a stats page that showed how you were doing in comparison to other folders. With a FLDC token it proves you folded and you now have a coin that is transferable to others which in my opinion has more opportunity to become something other than bragging rights.

in the future we will do a crowdfunding opportunity to people giving FLDC for BTC and all BTC will be used to fund our project. currently we are waiting to do this because we have enough funds for the next few weeks and we want it to be more known before we do this.  The FLDC sold in this crowdfunding will be from our personal FLDC because the only way new FLDC can be obtained is by folding.

Just to clarify because i dont fully understand your last part: Folding with us does not make the folding more efficient, but if you fold with us then you receive FLDC in addition to your credits earned through folding.stanford.edu


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: zhinkk on August 16, 2014, 03:24:18 AM
Idea is great, but I think this is unneeded. Curecoin and others are still on.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on August 16, 2014, 03:29:18 AM
oh and yes, buying FLDC from other people helps to increase the value, which in time will help to increase the amount of people who wish to fold :)

The difference between us and curecoin is as follows:

The reasons we feel we have the upperhand on curecoin (and gridcoin) are as follows (also below discribes another grid computing community call BOINC http://boinc.berkeley.edu/ that we initially looked at helping):

Gridcoin (and curecoin) have their own blockchain that they have to upkeep as for FoldingCoin utilizes the CounterParty protocol that is built ontop of Bitcoin. Basically you gain the power of the most secure blockchain that is Bitcoin instead of relying on an Altcoin chain that could potentially be 51% attacked.

I did alot of research on BOINC before going with Folding@Home and although BOINC has some great projects on it, i feel the development behind Folding@Home is much further along and has more stability than a majority of the BOINC project. Also of all the grid computing projects thus far, Folding seems to be the most beneficial to society (that is obviously an opinion though and i do love many of the BOINC projects)

Besides Bitcoin, Folding@Home has the largest grip computing network in the world http://en.wikipedia.org/wiki/List_of_distributed_computing_projects and is backed by Stanford University

Since most Bitcoin miners invested primarily into ATI cards, Folding@Home makes it very simple to use ATI for their projects, as for BOINC has alot of NVIDIA projects and CPU projects but not many ATI.

For the general user BOINC is not out of the box, it can be confusing for those that are not tech savvy. Folding@Home however is designed for anybody to be able to download and start Folding right away.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Meticulous7 on August 17, 2014, 07:41:15 AM
So apparently Counter Party lost and/or didn't save the wallet address I created so I lost 26 hours worth of mining. This needs its own wallet NOW.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Taxidermista on August 17, 2014, 10:53:28 AM
I can't find FLDC in any exchange, even in the Counterwallet crappy internal exchange.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: OmniEdge on August 17, 2014, 04:53:54 PM
Inside your counterwallet on the left side, click on the exchange link  :o  On that page you can make buy and sell orders. The more people do that the more exchange options will be available on counterparty decentralised exchange platform that is using Bitcoin's blockchain security.

To be honest, using counterparty to issue the FLDC asset is pretty awesome!





Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Jpja on August 17, 2014, 05:51:30 PM
So apparently Counter Party lost and/or didn't save the wallet address I created so I lost 26 hours worth of mining. This needs its own wallet NOW.

Counterwallet generates a 12 word seed. You must remember this (ie write it down). It is not saved on any server or on your computer. If you lose the seed you lose your account.
Alternatively you can select a password + custom URL. But the same logic applies: you must remember  password + URL, otherwise you permanently lose access.

You may have typed one word wrongly. Therefore you generated another address when you logged back in.

FLDC can be stored on any Bitcoin address. To view your balance, use blockscan.com. To transfer your FLDC you need to import them to Counterwallet first, which is simple if you know the private key.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Meticulous7 on August 17, 2014, 06:33:36 PM
So apparently Counter Party lost and/or didn't save the wallet address I created so I lost 26 hours worth of mining. This needs its own wallet NOW.

Counterwallet generates a 12 word seed. You must remember this (ie write it down). It is not saved on any server or on your computer. If you lose the seed you lose your account.
Alternatively you can select a password + custom URL. But the same logic applies: you must remember  password + URL, otherwise you permanently lose access.

You may have typed one word wrongly. Therefore you generated another address when you logged back in.

FLDC can be stored on any Bitcoin address. To view your balance, use blockscan.com. To transfer your FLDC you need to import them to Counterwallet first, which is simple if you know the private key.

I setup a quick access code to avoid that issue. Had added a secondary wallet and it was gone. Initial wallet was still there as I had the address copied and it was the same.

Regardless of other wallets that can be used, for this coin to be taken seriously at all it needs its own wallet


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: MadGhost on August 17, 2014, 06:47:17 PM
I can't find FLDC in any exchange, even in the Counterwallet crappy internal exchange.

i think the coin is delisted from every exchange.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: lite on August 17, 2014, 06:52:14 PM
i will mine this coin looks good!!


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: jwiz168 on August 18, 2014, 03:05:24 AM
Do we now have an estimated value in terms of BTC for this cryptocurrency? How about an exchange (outside of counterparty)?


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: xx63245613 on August 18, 2014, 03:21:44 AM
one another rubbish,no new


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Taxidermista on August 18, 2014, 09:07:58 AM
Inside your counterwallet on the left side, click on the exchange link  :o  On that page you can make buy and sell orders. The more people do that the more exchange options will be available on counterparty decentralised exchange platform that is using Bitcoin's blockchain security.

To be honest, using counterparty to issue the FLDC asset is pretty awesome!


There are no orders.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Traffic4u on August 22, 2014, 10:31:10 AM
Thank you all for your support :) we now have a code developed that will pay the coins out daily and we will start that this Sunday. Also it is a great thing to not let your GPUs sit idle but rather help support science and with our development coming along, this coins should hopefully be on exchanges soon :)


Interest to this project, and i have been folding since yesterday.  :)


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Superxfast on August 22, 2014, 02:23:04 PM
How to buy/sell


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: cryptoconomist on August 25, 2014, 10:23:15 AM
Don't waste your time on Foldingcoin

Join us at Curecoin:

1) you can trade curecoins on 2 exchanges Bittrex & Poloniex
2) we have 10x more users if not more (Curecoin vs foldingcoin stats see http://folding.extremeoverclocking.com/team_list.php?s=&srt=5)
3) Dev of curecoin is working on curecoin 2.0
4) Curecoin is the original coin

Join US
---------------------------------------------------------------------------

For those unfamiliar with Curecoin 2.0, it’s the next-generation cryptocurrency our team is currently working on. To clear up some confusion, I’d like to quickly revisit some frequent concerns:
-> Yes, all Curecoin 1.0 (the current version of Curecoin, which you can earn today by folding) will transfer over to Curecoin 2.0 in a 1:1 ratio.
-> Yes, the new Curecoin 2.0 will have a similar mintage schedule, though it won’t be identical. At most, we’re talking about a 5-10% change in either direction, and there will be community discussion leading up to this.
-> We are not yet decided on if/how Proof-Of-Stake will work in the new currency, but all current PoS mining rewards will transfer over to Curecoin 2.0, of course.
-> The codebase is entirely written from scratch
-> Binaries for all major desktop platforms (Windows, Linux, Mac OS X) will be available at launch
-> Certificate delivery will be at the discretion of the issuing authorities, but will be subject to community/developer approval and testing
-> A testnet of cc2.0 will be available before release for public testing
-> Development will be more public when we get into the interesting portions of cc2.0, right now we’re just recreating existing cryptocurrencies with minor changes tailored to what we’re specifically building.
-> Addresses will most likely be based on Merkelized Lamport Signatures. This prevents against quantum computing attacks.
-> There will most likely be no ‘mining’ element of cc2.0–all computational power put into the system will be doing actual scientific computational research.
-> If there is to be a method of mining, a Proof-Of-Capacity (Check out Burstcoin) may be a candidate, as it is low-energy, serves the same purpose, and doesn’t interfere with computational power going to research.
-> All undistributed premine (which currently pays out to the folding pool) will be destroyed, as it will no longer be needed.
-> Dev funds will be switched from a premine model to a block subsidy model. Dev funds already paid out will transfer as normal coins.
-> Certificate blockchain will require all full nodes to keep a full blockchain, though future work could be done to create distributed clusters of peers who, when combined, hold the blockchain with parity.
-> Merchant integration will be made easier with a set of easy-to-use ActionResponse listeners, where you tell the client ‘do xyz when <address> gets <amount>’ or something similar.
-> Blockchain scripting will be much simpler and less advanced than Bitcoin, in order to save space, and prevent piggy-backing + blockchain bloat.
-> Transaction messages will be constrained to a traditional ASCII set.
-> The Curecoin developers will only be holding their personal coins, as the new system will distribute coins in a decentralized manner based on computational work.
-> Yes, folding (or other scientific computation) pools are possible, and will be made easy due to the design of the certificate system.
-> The GUI will either include a blockchain explorer, or a downloadable blockchain browser will be a separate application, available upon release.
-> Thin client mode will allow a user to run one internet-connected node, and then use other ‘thin clients’ which sign transactions locally, and then proxy those transactions through the live node.
-> Both a GUI and a command-line daemon will be available upon release for all major Desktop OSes.
-> Adding a university or other research institution will involve both dev consensus and community agreement, as per forum discussions.
-> Research institutions interested in participating in Curecoin 2.0 will need to be doing research which, when completed, is released to the public in full. Most distributed computational networks fit this requirement.
-> Significant community interest in an institution which doesn’t strictly adhere to the above guidelines may be considered, depending on conditions.
-> The inherent motive to behave badly as an institution which is enabled to sign certificates will be reduced by the potential of balance-based voting to remove or suspend signing authorities.
-> Block time will likely be reduced to the 2-5 minute range.
-> ASICs will no longer be useful on the Curecoin network.
-> A certificate’s ability to mine a block can only be determined by the person putting computational work into the network, and not by the issuing authority.
-> All mintage will be most cost-effective on consumer hardware.
-> If New York Bitlicenses both pass and require licensing for Curecoin, Curecoin will simply refuse use for New York citizens, and make a good-faith effort to prevent New York citizens to download or participate in the network.
-> We have no idea what exchange rates will be at release or after release of cc2.0. Investing in cryptocurrencies is high risk. Be careful. Be smart.
-> The only premine will be done for cc1.0 to cc2.0 conversion in a public manner.
-> During the infancy of the currency, it may be troublesome for research institutions to integrate certificate signing. We would be more than happy to help with implementing such a system. Additionally, if a research institution desires to start distributing work but does not have a means of signing certificates, we can act as a temporary signature authority. After a few months of the cc2.0 network running in a stable manner, the goal is for the Curecoin devs to not have any signature authority, nor have access to any private keys for creating signatures for certificates. Ideally, this will be the case from the start.

 

Curecoin 2.0 is rolling into development full-steam-ahead, though the final product is still quite a ways off. I have been working on finishing up the networking aspect of Curecoin 2.0, and the next job to tackle will be blockchain formatting and structure. After that, we’ll establish the standards for certificate creation and verification, flesh out the remaining portion of under-the-hood code, create the GUI (which will likely wrap around the daemon), and create the block explorer.

The P2P networking aspect of Curecoin 2.0 is very similar to existing currencies. Clients can connect to known nodes (which are hard-coded in, and can be added manually by the user) to acquire additional connections. Anyone behind a firewall will have limited connection abilities, as is present today in Bitcoin. Peers constantly chatter about network status, unified time synchronization, etc., and will automatically prune their peerlist for the lowest-latency peers, constantly replacing high-latency peers. In this way, the network automatically optimizes itself for the amount of time taken for all active, healthy nodes to encounter new blocks.

Difficulty retargeting for certificates will be based on a standardized distribution of recent block timestamps weighted for more recent blocks to have more pull.

On release, the devs will provide a number of low-latency, geographically-distributed initial sync nodes on high-performance networks. Blockchain syncing will involve downloading large chunks of the blockchain from a low-latency, high-bandwidth peer, and then verifying hashes and signatures with arbitrary peers.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on August 26, 2014, 03:07:37 AM
We have been working on getting on exchanges. We have had skype meetings with two different exchanges that see the potential in our coin and Dev team.

As for the issue of having your own wallet, we dont see this as a problem. Since we are built ontop of Bitcoin and CounterParty we will expand with the future products that CounterParty releases. Also this makes for easier integration with Bitcoin wallet services since we share a blockchain.

Another advantage of not having our own chain is the fact that we can spend more time developing uses for the coin rather than stability of the coin since this is covered by the Bitcoin miners and Dev team.

And we have worked extra hard to make sure not to bad mouth CureCoin. They are the original and we respect the idea. We feel the advantages of Bitcoin 2.0 technologies overcome alot of the issues that Altcoins have had in the past. And since we do not have the overhead that CureCoin has another benefit is we do not take any off of the top like they do. Also we do not have to support SHA256 miners, those miners can continue to focus on securing Bitcoin, the most valuable coin of all. If you want to talk about the differences of CureCoin and the advantages they have to offer thats fine, i would be glad to talk, but i ask that you dont start with "dont waste your time on FoldingCoin" as this is not needed.

Blockchain tokens are the future of altcoins, not 300 individually developed wallets that no major players have any plans to create everyday useful apps for. Counterparty, Ethereum, and Mastercoin offer these everyday plans though.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Superxfast on August 26, 2014, 05:10:15 AM

Completely agree.

You did a great job. Thanks.

We have been working on getting on exchanges. We have had skype meetings with two different exchanges that see the potential in our coin and Dev team.

As for the issue of having your own wallet, we dont see this as a problem. Since we are built ontop of Bitcoin and CounterParty we will expand with the future products that CounterParty releases. Also this makes for easier integration with Bitcoin wallet services since we share a blockchain.

Another advantage of not having our own chain is the fact that we can spend more time developing uses for the coin rather than stability of the coin since this is covered by the Bitcoin miners and Dev team.

And we have worked extra hard to make sure not to bad mouth CureCoin. They are the original and we respect the idea. We feel the advantages of Bitcoin 2.0 technologies overcome alot of the issues that Altcoins have had in the past. And since we do not have the overhead that CureCoin has another benefit is we do not take any off of the top like they do. Also we do not have to support SHA256 miners, those miners can continue to focus on securing Bitcoin, the most valuable coin of all. If you want to talk about the differences of CureCoin and the advantages they have to offer thats fine, i would be glad to talk, but i ask that you dont start with "dont waste your time on FoldingCoin" as this is not needed.

Blockchain tokens are the future of altcoins, not 300 individually developed wallets that no major players have any plans to create everyday useful apps for. Counterparty, Ethereum, and Mastercoin offer these everyday plans though.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on August 26, 2014, 11:06:06 AM
Thank you :) A couple more great things about using CounterParty instead of a traditional AltCoin is the fact that you can implement holder voting system. What this means is when we want to make a big change to the concept of the coin, we can distribute a different coin called "FLDCVOTEI, FLDCVOTEII, FLDCVOTEIII, ext" that will be given to you for each of your FLDC. So if you hold 345.2 FLDC, you would receive 345.2 FLDCVOTE coins whenever we run this.

What would the voting be for? Anything that the community would want. A couple examples of things the community has asked me about is why we decided to distribute 500,000 a day and never half this? We feel that this makes it more fair throughout its entire life, also after 5 years of helping the program, we feel the next best thing could potentially be out there. But with voting, it doesnt have to stay that way. The community could vote by simply putting their "FLDCVOTE" coins into an address thats say "Yes half this at the coins half/life" or "No keep it how it is" or they could even have another address with a completely different approach others could vote on like "Yes half every 2 months."

Another good example is the fact that Ethereum is getting a bunch of press right now as being the future of Bitcoin 2.0 and I love Ethereum, i am invested in some. So folks ask me why didn't we wait? Well we wanted to get off the ground sooner than later, and with the counterparty protocol we knew that whenever Ethereum does release, a simple "FLDCVOTE" coin could be distributed to the holders asking, ok this address is "stay on counterparty" and this address is "move to ethereum" and the last address is "wait for Mastercoin". Then lets say Ethereum was choosen, we would hold a FLDC burn on CounterParty until the end of time. So if some users are not aware of the switch, there FLDC in CounterParty could still be transfered to the FLDC in Ethereum at anytime. And we could still use the same exact address from CounterParty because Ethereum is also on the blockchain. So when the user sees that they are not receiving FLDC anymore in CounterParty, they will learn of the switch, and import their wallet private key to Ethereum, and they will see that they still have been earning coins.

Once again since we do not need to focus on the coin, we can focus on the features and uses. In order for these AltCoins to take off they MUST have a real world use, or they will be "pump and dump" or simply forgotten soon. We are trying to implement this as a MeetUp.com currency, i cannot disclose the details at this time, but we have several skype meetings with BTC meetup organizers. This is just the first idea of many we have for a use case for the coin but this one is the most receipted at this point and the most realistic, so this is the one we are putting our focus on. This would also help FAH adoption because if you can spend FLDC at MeetUps and help create medicine at the same time, well everyone will be folding :)


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: SalimNagamato on August 26, 2014, 01:32:31 PM
Is this some kind of premine ?
http://fah-web.stanford.edu/cgi-bin/main.py?qtype=userpage&teamnum=226728&username=176QqdejGLiUuWowY4fMiyQ9WksxpbMvDe
and no active clients in the past 50 days



Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on August 27, 2014, 12:58:13 AM
No, this was a folder from CureCoin that wanted to try us out to see if he liked us. He did not stay with us :( he was one badass cryptominer though. I did find a post of his:

https://bitcointa.lk/threads/ann-curecoin-is-launched-5-10-2014.312266/page-131

He is Aboy68 and he was foldind with us when no one else really was yet and we were very new. He does about 3 mil a day at CureCoin, so he is 5% of their network (roughly, dont know his CureCoin name)


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on August 28, 2014, 01:14:13 AM
http://letstalkbitcoin.com/blog/post/foldingcoiu a blog with a great description


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: SalimNagamato on August 30, 2014, 05:50:40 AM
anyway its a very nice idea
but on linux F@H sucks
I don't know why but my WU are stuck many times at 100%

boinc is working better for me, and some projects can use my laptop's nvidia


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Traffic4u on August 30, 2014, 08:29:13 AM
I didn't why in my computer FAH count 1 in every 2 WU finished. My computer has finished 6 work units, but i saw only 4 WU counted and 1270 points earned.

And I thought, the distribution is too small, I've got 77, 33, and 35 FLDC from WU I finished.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on August 30, 2014, 02:39:03 PM
Distribution is getting smaller as we are gaining bigger better miners every day. If you look here http://folding.extremeoverclocking.com/team_summary.php?s=&t=226728 you will see we have multiple people producing over 100,000 points a day. Its setup similar to mining to were the more power you have, the more you make and the less everyone else does.

And i have problems with it on linux to, https://foldingforum.org/viewforum.php?f=96 is a good forum place to fix these issues. I got my CPU to work on linux, but not my GPU


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on August 30, 2014, 05:30:24 PM
First exchange with official interest, it needs voted in though, please vote here https://crypto-trade.com/voting


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Jpja on September 03, 2014, 09:02:30 AM
To give a little support to the project I placed a bid on the Counterwallet Exchange.

I bid 0.00005 XCP / FLDC.
Since 500,000 FLDCs are generated per day, I priced the project at 25 XCP/day.

I do in no way claim that this is the correct price, and I encourage others to place higher bids.

I do not encourage miners/folders to sell either, as it may be be better to hoard or try to sell at a higher price.

What I do, however, is that I open an opportunity to GPU folders who spend less on electricity than they can sell their mined FLDCs for, to make a profit from participating in the project.

P.S. I will buy only a very limited amount, but I hope others will join in creating some demand for FLDC.


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: FoldingCoin on September 04, 2014, 01:15:47 AM
Thank you :) this does help very much, also we are developing uses for this coin http://foldingcoin.net/index.php/meet-ups/ so hoarding them could be a good thing. We grow by the numbers everyday and the interest from the bitcoin community is great. Here is a recent news post from our website explaining some things on the horizon:

"Myself and James have been working overtime on talking with different organizations about FoldingCoin and developing new ways FLDC can help the communities of the crypto world and the FAH world. We cannot disclose many of the details at this point but September is looking like a great month for FoldingCoin. Some things that I can announce at this point are:

Voting for FLDC to get on 2 different exchanges, cryptoine.com and crypto-trade.com

We have our first partner, everyone please welcome Cointelegraph to the FLDC community and please follow them on twitter for up to date cryptocurrency news.

We will be announcing a crowd sale soon to be able to purchase a large amount of the FLDC that our dev team folded early on. All the funds from this crowd sale will be used to help pay for FLDC projects, one big one that we have been working on is finding a way to distribute the coin to FAH members outside of team 226728.

We have been interviewed by a law magazine about the uses of Counterparty in the modern society and the impact that user created assets could do to the financial world. We will send a link to this article as soon as it becomes available.

We have worked hard on finding a way to incorporate FLDC with Meetup groups and have been in contact with various Meetup groups including Coinscrum from London, the largest BTC meetup in the world. We discussed the value in having a crptocurrency used amongst meetup groups and the potential of a coin that can easily be "folded" by anyone even if they do not have and hardcore mining operation. Please follow them on twitter"


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: SalimNagamato on September 18, 2014, 05:18:55 PM
im so sad i started folding only now. had so many problems with linux (and linux+AMD). only last 2 days its working almost properly
FLDC 'difficult' skyrocket ...

should have tried earlier. busy with work

this is a very good coin with good idea
it does feel stupid mining other altcoins, which gives nothing with useless calculations

I believe useful things like FLDC is the future of mining
or should be :)
im a big fan !


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: Oldminer on September 21, 2014, 06:10:48 AM
Hi all

For those of you not aware, myself & 2 other individuals from the forum have recently taken over the management of EMC2 (Einsteinium coin). I have been asked to reach out to Curecoin community members to see if you would like to join with us in like-minded projects, & promotions that could benefit both Foldingcoin & EMC2? We figured Foldingcoin would be a good place to start as our goals are similar (both being science-related).

At this stage we are operating on a bit of a shoestring, but our lead 'dev' is very creative and has already come up with lots of ways we can promote our coin (including this one, & creating a new website that will initially act as an escrow site for the sale & promotion of science-related goods). Do you guys have a 'market' site for Foldingcoin goods? If so, we could perhaps start by linking to each other site? This is just one basic, simple idea but we were hoping some of you might have more? Do you have a current ongoing project we could assist with perhaps? Have any of you been involved in a crowd-funding project?

It would be great if you could perhaps have a think how we could combine forces in an 'unofficial' way, with no strings attached, that could benefit both yours & our communities and we are open to any ideas or suggestions.

Please PM me if you would like to discuss further :)

kind regards


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: MsCollec on September 21, 2014, 08:55:44 AM
How do i get this coin ? exchange?


Title: Re: FoldingCoin - New coin that helps science and medicine
Post by: SalimNagamato on September 23, 2014, 02:14:56 AM
How do i get this coin ? exchange?

Fold ! do some GPU science
or https://masterxchange.com/market.php?currency=xcpfldc
I never tried this exchange