Bitcoin Forum

UPDATE

WORKAROUND FOUND

Reserved

1800 BTC, wow, good luck, man.

no POD 1800btc good luck

What will you do for the unsale(ICO) coin?

All of it will be sold.

what do you mean will the unsold coins be distributed to the other ipo holders

if the ipo was small i would have had hope but ipo is just too large. with no pod either i dont know who would invest

no. the DoScoin will be swapped for blockade. DoScoin was never an IPO.

no i am talking about if your target of 1800btc is not reached what happens to the remaining coins

Yes. I will distribute those to IPO holders.

how is the minimum btc that needs to be raised

LOL    >:( >:( >:( >:( >:( >:(
there is no Deadline for the ico?

All of the coins will be given to my escrower and he will distribute all the blockade as well as hold all the Btc. The only way the btc is going to come out is if the developers authorize a transaction to be given to them as payment. I also authorize that payment. It is a direct transfer to them.

If you guys want a deadline, I will update it with a deadline.

what ofcourse a deadline is needed

so at current prices, this works out at just under 900,000 dollars!

What the effing eff!

I will start distribution at the end of the week. This means I will give till October 18, 2014.

If the full amount isn't raised, some will be distributed to members and some kept for other bounties.

yuo should really add a explanation of the decentralised ddos protection

so long

Something like a whitepaper? Will release it after talking to my developers.

obviously we need to know what is that your trying to create why else would anyone even invest in here

An explanation of what it basically is, is on the top of the thread.

This is surprisingly similar to my nick, is this coin meant for me?

How did I know you were going to say that?

ill be back to answer questions in 21 hours.

Pm me as I lock the thread nightly. Thanks.

Also, another thing: We're looking to start out everything with 30 btc. It will be sold off in increments. The first 300,000 will be sold off in the phase 1 sale.

Created a poll. Please choose. If we do this, phase 1 funding starts next week and ends 1 week later.

Looks like everyone's up for that 30 btc plan. We'll do the initial distribution of the first 300,000 coins. Minimum order of 1000 coins or .1 btc


I open the thread to feedback and will be back in 12 hours from now.

Don't you mean destroy?  You holding unsold amount is treating it like a pre-mine.


-tb-

IPOs are worth it only if cheap. By starting off with a mil mkt cap you are shooting yourselves in the foot.
You think this coin is worth 10x the ipo price of Xbot? are f'g serious?

what do you mean first 30btc will be raised. the terms are 30btc is to be released when the whole ipo is over not you first get 30btc

can you explain what have you already coded if anything what is the 30btc who are the other programmers

will the ipo be hosted to bittrex

1800 BTC is some quite optimistic for a new coin .

Yes.

yes indeed the ipo is just crazy high but unsold coins are being distributed to ipo holders. i had spoken to the dev in bittrex IRC some time ago he had said hardware etc in place so i am hoping to get clarification at what stage are we at the moment and what can justify a 1800btc surely not more than 1/4 of the fees are going to developers

DOS was a great idea, and probably a decent learning experience for Somekindabitcoin, even if the execution was a taller order than he expected (mostly to do with how to program the distributed mitigation tied into a cryptocurrency).

I'll invest a minimum amount in the ICO if my understanding is correct that excess coins will be distributed proportionately amongst original investors (so, for example, I'll get double the CADE for my money if only half of the ICO amount is sold). Alternatively I'm cool if you decide to destroy all coins not sold in the ICO.

I'll also continue to accumulate DOScoin as I have been doing. I'll probably be exchanging a lot of it over to CADE, too.

Good luck with your coin.

Thanks notsofast.

The reason for the initial ipo is to first get the main implementation added which is the functions for the nodes. From what I've been told from other developers, it's going to take a ton of manpower.

So you want to raise 1800 BTC which is currently worth about $855,000 US dollars?

http://media.giphy.com/media/ZSI1UTaEyUy4w/giphy.gif

GOOD LUCK MY FRIEND :)

It takes balls to say you need 20% more than the current biggest ICO (Syscoin with 1500BTC), but I have no problem with anyone thinking big.

Somekindabitcoin is going to have to do a lot of legwork justifying it, and probably gather that total investment in stages alongside incremental development, given the rightfully distrustful mindset of smart bitcoin. But saying he needs that amount right out of the gate is proper expectation setting for investors. Imagine the positive price reaction if he completes a segment under budget and pays investors a dividend of the surplus to investors, or incorporates some kind of additional feature?

To be valid players and not just cloned shitcoins, bigger thinking is mandatory-- he has a high concept and a justifiable price tag. I'll be watching closely.

Man notsofast. You need to join my team.

Putting realistic real-world pricing on a project of this magnitude seems to be generating some shock in the synthetic altcoin ecosystem.

Somekindabitcoin appears to have his feet more firmly on the ground than most of the flash-trade and move to the next shiny bauble altcoin "investors".

I'll continue to hold my DosCoin and after the swap will likely hold as many Blockade as I can manage, too.

I admire the ambition and I'm impressed by the realistic budget for so ambitious an enterprise.

Good work Somekindabitcoin, you keep right on thinking and planning.

when can we exchange dos coins for blockade coins

Thanks b4zz.

Also, for the swap, not all coins will be released at once. Only 300,000 coins worth of a swap, and 300,000 worth of coins for phase 1 IPO for the essentials. These essentials are for the first implementation which is the function of the node itself, block explorer, and other needed starting essentials.

Really should swap all dos when you start so its done and over with so you can move on.

This strategy is used to reduce dumping on exchanges. I also do not want this coin to be added to any exchange at this time.

do you really need 30btc for the essentials like wallet, nodes, block explorer etc

seems a bit too few details are provided in comparison to the expected valuation of the project.
Do you have any whitepaper or can you proivde more explanation, especially stressing the innovation potential of the proposed project?
Take recent examples of ICO/IPOs, XBoT and PROZ and see their valuation and what has been provided when IPOs started.
XBoT asked for 15k got 9345 in the end, PROZ was at 300 sat.

Nope. Already have those except the block explorer. The money is needed for initial implementation of the system; the beginning.

There will definitely be more details and multiple whitepapers for each task.

reserved

When will the DOS exchange to CADE start?

I have 20 000 000 DoScoin = 333333 Blockade.
Then first swap is all mine :)

I have 80 000 000
it is mine

The first swap will occur by the end of this week.

Will you be limiting the exchange available per person or is it 1st come, 1st served?

I see we have a coupla large DosCoin holders aiming to switch out at flag fall.

I'm limiting the first one to 60,000 DoS or 1000 blockade per person.

well done

Nice one.

Gonna take a while to exchange millions then :)

It will be automatic process like it was with Summercoin V2 => NAVAJO or you'll do it manually ?
Also you can ask Dev SumV2 how to do it if you don't know.

P.S. Good time to buy some more cheap DoScoin.

New ANN OP is Fantastical.

after i exchange my first 60 000 DOS, how long do i have to wait for the following X times?

Every IPO phase.

what do you mean every ipo phase one person can only exchange max 60,000 coins

Hopefully subsequent phases will involve larger quantities of Dos exchanged. I'll have to do a couple of dozen exchanges at that rate and we've already heard from one bagholder who'd need 1300+ exchanges  :o

The project could be interesting but honestly I think that the requested price is too high. Actually I don t see where is the early adopters business

Why are you edit the top post with no info of DOScoin?

Well, in fairness it does state "Blockade is the continuation of DosCoin" as the first line of "What is Blockade?".

Point 1. of the road map also mentions the coin swap.

Could be a lot clearer though. Let's just call it a work-in-progress :)

More info on just how the coin swap will work would be helpful, too but this is a huge project and we appreciate it will take some time and effort to lay out and manage.

I was planning on either doing it manually, or setting it up somewhere like C-cex. Don't know if they limit the amount of coins though.

Limiting it to 60,000 DOS in the exchange is RIDICULOUS. Long time DOS holders have been holding, and not dumping, as we were told we would be able to exchange for CADE. WTF!!! What good are the millions of DOS some people are holding then???

Did you not read anything? I said this is for the first exchange! There are many more exchanges to come!

Why should it all not be able to be exchanged initially, so that DOS can be closed fully.
No reason this should be dragged on at all...

The same reason the IPO isn't going to be sold off all at once; so the market won't saturate.

so if the ipo is gonna be in stages when will we ever trade,

Once we can stabilize the coin which i'm thinking will be after the first implementation, it will be up for trading.

I don't think this delayed approach is going to work imo.  You need to run the IPO, then do the swap.  If you want to keep people from dumping then provide incentive to people that hold their coins.  Be creative in how you reward your investors. 

I have all DOS in my wallet, tried sending some to my c-cex wallet and went into a black hole. How exactly is the DoS to CADE exchange going to happen? We've had our differences in the past, so good luck with this coin and try not to ^%$& this one up please.

Agreed.

I won't screw it up. I'm finding a way at the moment.

but how will you have a second ipo stage if trading starts after 1st implementation

It's more of a gamble. I expect it to stabilize after people see that work is being done and improvements are being made.

it won't stabilize as the people would just go for the ipo each time and no one will trade it as there is another ipo coming. the ipo should be for all the whole amount and then btc can be released slowly

I'll try the Poloniex way. I was recommended to them by another member. They release the funds slowly.

If I can get the IPO to start on Poloniex, I will start it tomorrow. You guys okay with that? If you are, the entire 18,000,000 IPO coins are going on there. Poloniex gives me the money in small payments and not all at once.

Okay. For those of us not familiar with "the Poloniex way" could you expound a little on that please?

What is the proposed sequence of events at this time?

Will the IPO be held first in toto and then all DosCoin exchanged in a single tranche transaction, is that where we are at the moment?

Or have I misread the evolution of this thread?

I'm afraid I need things spelled out, maybe due to living upside down as we Aussies do ;)

Edit: Okay, partly answered while I was typing :)

If the coins are immediately released does that mean we can immediately exchange DosCoin for Blockade?

I'm planning to see if I could do an exchange like that where there is a separate market for DosCoin and Blockade transactions exclusively.

For Poloniex, when the IPO is complete, I don't get the lump sum or the whole amount, but it is given to me in small payouts within a set amount of time like for example, 6 months or when needed. They are the escrowers who will hold the funds.

The sequence is IPO and in the middle of the IPO, the exchange of DosCoin and Blockade.


I'm in talks with Poloniex on that part of the trade with DosCoin

Fair enough.

Perhaps help stir a little more interest in Blockade by time limiting the DosCoin exchange.

Say, DosCoin holders, you only have until October 15th to convert to the new and improved Blockade, son of DosCoin, yada yada....

What do people think?

Sounds brutal, but I like it!

Much better, this will work

Still in talks with Poloniex. Will update everyone as well as the original post once everything is finalized.

Just curious, my DoS wallet is showing offline. How do we get the coins to an exchange for the swap?

How do you mean offline?

Not connected to network or not staking?

My (Mac) wallet shows 6 connections to the network atm and is staking.

Here's the result of getinfo command (times are GMT+10):


22:58:25

getinfo


22:58:26

{
"version" : "v2.0.0.0: Experimental",
"protocolversion" : 60013,
"walletversion" : 60000,
"balance" : 1296029.89126075,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 94632,
"timeoffset" : -3,
"moneysupply" : 186505291.18196249,
"connections" : 6,
"proxy" : "",
"ip" : "220.237.83.120",
"difficulty" : {
"proof-of-work" : 8.47084627,
"proof-of-stake" : 0.35435051
},
"testnet" : false,
"keypoololdest" : 1407400492,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00000000,
"errors" : ""
}

I'm showing 0 connections, it was online last week. I'm on windows, wallet version 2.0.0

the same problem as me

Try these nodes:

46.165.209.144
104.131.231.201
47.17.84.135
192.227.144.3
192.155.89.136
178.62.35.134

They are the ones I'm connected to according to getpeerinfo

can't wait to dump my shitty ass DOS coins

Track.

Interesting. Will be watching.

Be that as it may, such statements hardly encourage the developer to greater efforts, do they?

You didn't buy DosCoin because you think altcoin mining pools in particular and the 'net generally could use more/imaginative DDoS defences? Fair enough, then you bought as a speculator hoping for an increase in value. Give that some thought for a moment.

Imagine you are selling... lawnmowers. Does your advertising read:
"I can't wait to dump my shitty ass lawnmowers"?

Do you think your sales return might improve with:
"I have the Rolls Royce of lawnmowers. I believe it can cut grass like nothing else on the market but if you want one it'll cost you a premium"?

Just a thought.

5 BFW Rating

Big Fucking Warning.

Agreed. The dev is taking on a HUGE project. It's practically the definition of "high risk investment" but this is the altcoin market and there are no "safe" investments really. As always, never risk what you can't afford to lose. Personally I wouldn't be in it if I hadn't seen Somekindabitcoin in chat boxes and forums over time. If he's a scam artist he's spent a long time cultivating this persona. He didn't make any attempt to pump DosCoin's price at all, which is really a poor effort for a scam developer. I guess it's possible that he threw away one potential scam to set everyone up for a larger sting (and BTC1800 is an audacious sting if that is his intent) but it hasn't felt that way to me. That and a controlled release escrow through Poloniex works for me.

These are the exact requirements in order for me to get an ICO on Poloniex:

"Poloniex must have the coins for the ICO upfront.
A plan for how the ICO funds will be used must be submitted.
Poloniex will hold all ICO funds. All withdrawals from the account holding the ICO funds must be approved by Poloniex staff, and must be consistent with the submitted plan. A public ledger will be kept of all withdrawals, including their destination and purpose. Do not expect to make massive withdrawals on the ICO funds account.
An ICO can only be made by an established member of the community.
Identity verification (preferably through a scan of a government issued ID) is required for all users wishing to create an ICO.
Advance notice must be posted about the ICO and the coin at least 24 hours before the ICO is activated on Poloniex.
Poloniex reserves the right to refuse to host an ICO for any reason."

That is already pretty damned hard to get away with anything right?

Allow another week or two for the ICO. They specifically state that everything needs to be planned out before it happens. I will be forced to show the different whitepapers and the roadmap, as well as how work gets done and who am I paying the money to.

planning and roadmap, something that has eluded your projects so far.
glad those are needed.

sincerely, another ripped off DoS coin investor.

If i remember correctly you put in big bold red letters ''I WILL NOT DO A POD''. Yet you will give ''Identity verification (preferably through a scan of a government issued ID) is required for all users wishing to create an ICO.''

HmmmHmmm

Why is this ?, what is the difference ?, is Poloniex easier to fool ?.

Probably for the same reason I verify my identity for my Cryptsy account but use a pseudonym online. That one is not red flag material from my perspective.

With all due respect to cryptoasian his pods mean exactly jack to me. An exchange verifying some form of government documentation is at least a start. I would prefer something along the line of Australian financial institution requirements (you need to show 100 points worth of ID to open bank accounts, etc., which can take some doing if you don't have original birth certificates and a passport). That's verified identification and PODs are categorically not.

I'm a nervous investor too but please let us not get distracted by such nonsense as certified by cryptoasian chat. That is a total non-issue for me.

The difference is Cryptoasian is just a random person on the internet who follows Iconic Expert. Poloniex is an exchange. Besides that, I don't have to give out my identity to you guys either, so I can keep using my pseudonym.

Poloniex  better. ;)

im interested in this coin.

If anyone would like to talk about the plans of the coin or some discussions concerning the coin or DoScoin, come join me at

#blockade IRC

Within 1-2 hours

@DEV, please update the important information in the OP, this coin looks good, I don't want to miss it.

The very important information will be up within 2 weeks.

Have some good news?

Keep waiting :)

Maybe you can try other way.

This roadmap is going to take a lot longer than expected. Before I could IPO on Poloniex, I need to provide a clear roadmap.

This includes all the developers,promotions,software and I.T companies, and PR.

I will also include the budget needed for everything, and, if it goes lower than the IPO, i'm going to lower the price of each coin.

I'm projecting around 400-600k for the project.

It would bring down the price to around 4-7k satoshis.

You could find Escrow.

As I read it Poloniex Initial Coin Offering will be the escrow. Do you have an idea other than ICO?

I technically do have an idea where people could get the coins absolutely free instead, though it might take an hour to get your free coins. Will update this in a bit.

This will make those coins absolutely free.

Is the ICO still open? Also do you have bounties for bloggers and do you need translation of OP into Mandarin Chinese? :)

It's possible that I may do a new ICO method, but I need to judge the method by the community. This method is absolutely free and it generates the money needed for it to go on. The only thing you need to invest is time!

It's nice to see where you've taken this project. Please elaborate further on your method.

I can bet on the negativity of this. I'll just keep it simple: Pay per download.

Wallet.dat files with coins in them.

ico price 10k sat why too high ???  :o :o

Nice to see your innovative approach to everything Somekindabitcoin, although I expect your ideas to be a little too novel even for most cryptocoiners ;)

On a slightly different but very important note what happens to current DosCoin holders. Are we credited Blockade coin wallets at a fixed exchange rate of 60:1 still or has that varied? What has your fertile mine dreamed up for us?

I will keep it the same, but now I plan to release the coins not in the middle of the IPO, but at the start of it.

So, the coins will be released upfront. Presumably trading will be withheld until the ICO is finished? Otherwise impatient DosCoin swappers could undersell your ICO.

Yes it will be withheld.

well another month until anything goes ahead

I'm actually good with that. Much better that Somekindabitcoin takes his time and does this right rather than rushing to crash ;)

@DEV, please post the important information in the OP, some guys don't have enough time to read all posts.

I've been hearing mixed complaints as to adding it like that. They'd automatically get an update for their unread topics, so I think it's fine.

At risk of adding unnecessary work it might pay to keep both camps happy by making new posts and updating the OP as information becomes available/changes. Just a thought. :)

Yes. I will add updates to the OP.

What's new ?

OP Updated

Sorry. We're running into a few problems. Project postponed till we figure out a workaround.

Closing Thread till we can come up with a workaround.

Update: Meetup on #blockade irc.


Blockade will become a host for other things. It is going to be a software suite combined with many features you might find great.

Tri-coin announcement coming up.

G'day, when's this irc chat meet supposed to take place?

Sorry. If you would like to come on now, I'm online.

Can you brief the meeting when it ends?

Any updates ?

I have had occasional contact with Somekindabitcoin.

Both he and his project are still alive, although did suffer a setback running into patents held by CloudFlare.

AFAIK DosCoin will have an exchange rate for Blockade, which will be a suite of software and part of a trio of coins to be known as Tri-coin. This may not be strictly correct but is the gist of the casual contacts over the past couple of weeks.

Now, before everyone asks:

• No, I really don't know more than that.
• Yes, our encounters have led me to believe the project is still on track and under active development.
• Yes, I still HODL DosCoin in the expectation of being able to exchange it at some ratio of DOS:CADE at some future date.
• No, I can not say when that might be. I'm sure we'll all find out when he's got definitive information to share.
• Yes, I'm still staking my coins, as are at least 3 other people as I have 3 active network connections.
• Finally, no, besides hodling DosCoin I have no connection with the project in any way, shape or form, I'm merely sharing what I have found in conversation.

Hopefully this is of some assistance to all.

Thank you B4zz for updating them.

I am actually currently working on this, but very slowly. Right now, i'm only in the testing stages. Slowly, I will gather some funds through mini IPO series. Instead of straight up coins, I will give it in tokens redeemable for a certain amount of coins. These won't be activated till the final stage.

I'm hoping to truly launch in 6 months or so. Thanks for your cooperation!

And thank you, Somekindabitcoin for dropping by to let everyone know for sure.

This will be a novelty in altcoins, people waiting 6 months :o This is a strange ecosystem where tomorrow is the distant future and next week unimaginably far away :)

May I recommend hodlers keep staking their DosCoin, both to keep the blockchain alive and to profit from the interest paid.

If nothing else this is going to be an interesting experiment to see if crypto currency speculators are capable of long-term investment. DosCoin launched when, August? Pre-ANN was in July IIRC. Will DosCoin holders wait until April/May for a payoff or will they feed the patient profiteers offering a miserable 1 satoshi on C-CEX?

Gonna need a lot of popcorn ;)

Thanks a lot for such answer.
I'm also HODL my DoScoin and keep my wallet running for PoS.

Thanks so far for the compliments. I still need to reach the other end of my deal : )

C-CEX has stated they need the server space and consequently are removing a bunch of coins from their trading list.

Sadly DosCoin is one of these coins. :(

Now, we know the pain of owners losing a public trading platform for a faithful coin.

It seems so tragic for a coin that shone too briefly and you feel almost treacherous closing a wallet that has served so long in the dimly-lit further reaches of a small exchange.

Well cheer up! :)

We will provide a home for retired DosCoin! That's right, like orphanages and Irish families, there's always room for some more here :)

If you can no longer care for your DosCoin and want them to go to a good home then your problems are over!

B4zz4's retirement wallets for DosCoin are here to help  :D

Just pm me and I'll reply with an address where your DosCoin can retire with dignity.

DosCoin Retirement Wallets, because we care* :)

*and because we'll happily sell these coins back into the DosCoin economy should DosCoin begin trading again in the future ;)

0 active connections in wallet...

Yup, mine failing to connect as well. Have contacted Somekindabitcoin to see what we can do.

Meanwhile, he is still working on Blockade and the exchange is still expected to take place eventually.

Nodes went down. Going to put 4 more connections up.

Thanks! Now that is service :)

still have no connections

Sorry. The people who were supposed to host the nodes aren't getting back to me.

May be you will rent some free VPS and run DoS wallets there ?

Won't be enough.

And how much should it be?

What happend with image from the OP ?

I actually have no idea.

Is there any update or it has been already dead?

Small Updates are made. Expect major update Mid 1st quarter (around feb-mar)

Since you haven't answered my question, I'll answer it.
As I understand reading this forum 2-3 running wallet will be enough.
So what is your problem to run 2-3 wallets ? (free VPS or your own computer/your company etc) ?

All updates by email. I'm moving the blockchain itself.

Due to major bitcoin price depreciation, I cannot fund my developers. I will have to put this project on hold for now. Hopefully the price of Bitcoin doesn't collapse.

Thanks for the update. Take your time and it'll all come good

Out of curiosity: Are you still moving the blockchain for DosCoin?

I've got a wallet I can run if you want. I can let it on constantly if you need.

Bitcoin's price is back. Will you continue ?

The price of Bitcoin was 450 when I had been creating it. Henceforth, at this time, I'd be paying 2x as much bitcoin for development.

But when you said this words BTC price was already 300$ and you didn't stop work and you have plans for the future.

You stopped when the price dropped to 200$ in Jan, 2014.

So will you continue when price will back to 300$ ?

Or you closed your project ?

The project is closed for the time being. Otherwise, I need more bitcoin to continue the project.

M? Bitcoin price is very tasty this year. No updates ?