Bitcoin Forum

https://i.imgur.com/9V8OpYq.png


"Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.”
    ~Ayn Rand~





Announcing the Rand Paul Coin (Deflationary) !  RPCD !  No "mining algorithm" only the consensus algorithm of DPOS!  (Delegated Proof of Stake - The magic that lets such a thing happen!)

Note - The launch date will be the 20th at the earliest and likely the day after the official launch of BTS.  This is because this coin will be a direct fork of BTS once it is released. For those of you who are not aware, BTS will be the new combined DAC that was BTSX.

Rand Paul Coin is the natural progression from Ron Paul Coin, the first blockchain-based alt-currency for the Libertarian movement and all others against the Federal Reserve System and Fraction Reserve Banking. Ron Paul himself announced that crypto-currencies are as legitimate as the US Dollar https://www.youtube.com/watch?v=B9bOgydFEic (https://www.youtube.com/watch?v=B9bOgydFEic). In appreciation for his support of the crypto world, we are now carrying the torch to light the way for his son Rand to have his own next generation coin. But as we honor the son and his loyal constituents, we would be remiss to not do the same for the father! As such, we will be share-dropping 80% of all Rand Paul Coins onto the loyal holders of Ron Paul Coin!

Rand Paul Coin is meant to make a political statement while support alternative currencies and technology.  So it only makes sense that we should choose a 2.0 technology that gives its shareholders the power over their network. Due to the innovative features introduced by DPOS, we have chosen to make Rand Paul Coin a fork of BitSharesX (BTSX). Only unlike BTSX—Rand Paul Coin will be Deflationary (RPCD)! That is right! Purely Deflationary! As a deflationary currency, it will gain all the advantages offered by the innovations of Delegated Proof of Stake (DPOS), but will never inflate the money supply!

It is recommended that you read the original Ron Paul Coin announcement and reflect upon its meaning. It can be found here: https://bitcointalk.org/index.php?topic=389070.0 (https://bitcointalk.org/index.php?topic=389070.0) . The Ron Paul Coin site can be found at http://www.ronpaulcoin.com (http://www.ronpaulcoin.com) . You might wish to think of RPCD as RPC v 3.0.

Being a fork of Bitshares our main ANN thread will be found here: https://bitcointalk.org/index.php?topic=848182.0

As per the BitShares community consensus, we will initialize the Genesis block with 10% AGS, 10% PTS — and as stated earlier, 80% for owners of Ron Paul Coin. The 20% total not given to RPC is meant in order to follow the social consensus as originally put forth by those who made this innovation possible via the Bitshares Toolkit. PTS and AGS deserve to be honored because of the work of Daniel Larimer and team and the fact that RPCD is meant to be honorable and to live through the ages. For this to happen Rand Paul Coin needs the following of the visionaries who made it possible. All of the tokens being sharedropped onto were distributed originally by POW mining and further trading. The AGS/PTS snapshot will be taken from those snapshots created on November 5th.  The sharedrop to RPC will occur on the 20th of November.  For more information on what a sharedrop is visit http://bitshares.org/bitshares-airdrop-theory (http://bitshares.org/bitshares-airdrop-theory) . The supply of RPCD will be 1,000,000 to help maintan a higher value per coin, much like the original RPC.
 

For RPCD there will be no pre-mine. There will be no hidden accounts. The genesis block creation block will be fully auditable with the procedure to replicate and verify documented on GitHub.

Why is this being done?

This is being done to forward the ideals and goals of the Libertarian Movement.
This is being done to honor Ron Paul's son and his message of Liberty with a coin of his own.
This is being done in hopes of building a platform for donations.
This is being done in hopes of becoming the first Decentralized Autonomous Entity to make a direct political contribution.
This is being done to provide a currency where the natural right to privacy is honored in transactions between people.
This is being done to help further the understanding of Delegated Proof of Stake and what the Bitshares system provides.
This is being done to further Liberty and Prosperity with the tenets of Austrian Economics.

What will not be done is to give promises that can not and will not be possible to fulfill.

Initially RPCD will be an almost identical fork of what is BitShares X. This will be done to maintain the functionality and power given by existing bitshares_toolkit. Currently Bitshares X (BTSX) is undergoing a rebranding into Bitshares with the introduction of inflation to help their business expand via capital like a regular stock issuing corporation.

RPCD will be different. It was designed to be a sovereign currency that is guaranteed to never switch to inflation. Everything will be paid for by transaction fees which may be slightly increased to maintain the health of the network.


Features -

•    Transact Invisibly To Any Name (TITAN)
•    20 Second Transaction Times
•    Enterprise Scalability up to 10,000 transactions per second (tps)
•    Delegated Proof of Stake (DPOS) – shareholders—not miners—control the network
•    Deflation of supply increases the value of each circulated coin!
•    Market Pegged Assets – Allows users to have assets whose value is pegged to external real world commodities and currencies.

Deflationary! No more Proof of Work (POW) means no more wasting excess shareholder funds to secure the network.  We will have 13 delegates to maintain a profitability level for all the block-signers.   1 initial delegate for each of the original colonies which broke away from the British Empire over ridiculous policies of taxation.  This will also help block-signers have a profitable position.

Store your wealth in Crypto-Gold and Crypto-Silver! These are not user-issued assets or IOUs that require trust of those issuing them. This is a self-reinforcing market pegging mechanism that brings these assets into existence with collateral and keeps them stable. Allowing order options including shorting and going long. You can now put your crypto investment in stable assets that are fully backed by RPCD itself.

Example – To create an Ounce of crypto-Silver, it means that twice the value of the spot price of Silver are required in RPCD if the Silver is being shorted. These RPCDs are taken off the market and tied up as long as the Silver is in existence.  Crypto-USD could be added, but we assume the demand will be small and only when users would wish to hedge against the U.S. Dollar.

This is the first coin to be a clone of Bitshares X, allowing market pegs to store wealth. This will give RPCD a first mover advantage and position RPCD to be a significant coin that will command a premium in value over time.


In the future - development will focus on various ways to support Rand Paul’s candidacy for President of the United States of America. Some of these features will require voting support beyond what is in the current bitshares_toolkit.

It is technically possible to donate RPCD to BTC addresses which can then be unlocked using the private keys of the BTC wallet. This means that if a campaign produces a BTC address for donations, then the DAC can be made to donate to that same address, only using RPCD instead of BTC. The money will be stored on the RPCD blockchain, but the public and private keys used will be the same! Only Rand Paul and Registered Campaign Coordinators will be able to access the funds. If no one claims the donations by the end of the 2016 Presidential Election, these donations will remain in the campaign address and effectively burnt providing further deflation.


Rand wanted a stock market based on bitcoin http://www.businessinsider.com/rand-paul-has-an-idea-for-improving-bitcoin-2014-5  (http://www.businessinsider.com/rand-paul-has-an-idea-for-improving-bitcoin-2014-5)—well Bitshares developers across the world are working on giving it to him and friends – we will be a part of that!

Exchanges –  There has been interest expressed by exchanges, but no firm commitments.  Once the coin has been released, we will strive to have the coin exchanged in as many places as possible.



The author of this coin has every intention of creating this coin and have it realize its full potential, but this is not a contract. There are no implied or explicit promises and therefore there should be no expectations. Volunteers are welcome.

Mother of God ?!

+10000

it was a great day for the United States yesterday!

If it's scrypt I'll be happy to provide a POOL!

algo=PTS?
dev, POW start time, set the countdown, thank you!

ALGO SCRYPT PLEASE!!!

thx！

oh fuck!

A DPOS-based coin to pay for Rand Paul to become President??

Fucking nice.  I'm in.  

Are you kiddin'?

Why the hell would anyone choose to go with Proof of Work for LIBERTARIAN-Philosophy coin?  So mining cartels can own Rand Paul?  Nooo thanks man!  

DPOS gives the power to the people.  This IS DPOS based right??? If so...fucking wow. 

I am open to more delegates.  The problem is balancing the security with profitable delegates.  Not everything is set in stone and those familiar with DPOS are welcome to give input on technical decisions.  If the market cap goes up more, then I will increase the delegates.

The Bitshares X (BTSX) chain uses 101 delegates, but my thought is this is too much overhead and anyone running a delegate will be doing it as a voluntarily basis.  I do plan on scaling past 13 depending on the demand of the coin. I just have no created a schedule yet. Trying to get this out there and rolling.

because WORK is one of the founding principles of the Libertarian Party

read it some time: http://www.lp.org/platform

to not allow mining flies int eh face of libertarian principles.


2.5 Money and Financial Markets

We favor free-market banking, with unrestricted competition among banks and depository institutions of all types. Markets are not actually free unless fraud is vigorously combated and neither profits nor losses are socialized. Individuals engaged in voluntary exchange should be free to use as money any mutually agreeable commodity or item. We support a halt to inflationary monetary policies and unconstitutional legal tender laws.

2.6 Marketplace Freedom

Libertarians support free markets. We defend the right of individuals to form corporations, cooperatives and other types of entities based on voluntary association. We oppose all forms of government subsidies and bailouts to business, labor, or any other special interest. Government should not compete with private enterprise.

rand paul is a fraud

DPOS does the same function as POW. So in that regard they're both doing work. It is just that POW is extremely inefficient when compared to DPOS.

I'll give you all the BTC I have! I'm goddamn in

100% premine - DPOS

I hear what you're saying but to espouse the tenets of libetarianism is disengenous at best - fraudulent at worst.

regardless good luck....

so much for personal freedom...

Please read the points that you are posting.

Mining has 0 to do with Libertarianism.

2.0 Economic Liberty
Libertarians want all members of society to have abundant opportunities to achieve economic success. A free and competitive market allocates resources in the most efficient manner. Each person has the right to offer goods and services to others on the free market. The only proper role of government in the economic realm is to protect property rights, adjudicate disputes, and provide a legal framework in which voluntary trade is protected. All efforts by government to redistribute wealth, or to control or manage trade, are improper in a free society.

I can't wait to see Rand Paul and libertarians everywhere getting in on this.  

How could ANYONE troll a coin that proposes to put into power the most POWERFUL potential crypto-lobbyist in history?   If you are afraid of the SEC, Buy yourself a President!  :D

you are restricting my ability to acquire this coin in a manner which I see fit which does not encumber you - big brother at it again just on a smaller scale - telling us what we can and cannot do.

You can continue supporting Ron Paul Coin and dumping all the money into hardware manufacturers and electricity producers.

POW restricts others in different ways.

You have to be a miner and waste electricity just to create coins. How is that an improvement in freedom? Technology is moving past you guys.

Every coin that will be produced has corresponding coins that were mined at some point.

 ???

Much love man.  I am personally buying into this because that is how I am going to "mine" it.  I am no mining pool operator...so unfortunately the only way to get this coin is to buy Ron Paul Coin with money I can mine into existence through my real life work.  Sorry if this offends people, but I am going to gladly buy into this and use it to help support Rand Paul's campaign.  

Sorry if people don't like that I can buy into this at the same price as mining cartels...Sorry that they are forced to play in the same arena now as we commoners...

Sorry you think anything that doesn't give you absolute power over currency creation is big brother.  I personally think you are creating the next big brother if you are protecting mining cartels.  

Want to compete?  Run a delegate and prove to shareholders you deserve to remain one...Then you will get paid for actually providing value to shareholders instead of sheering them like sheep.  

Much love and I sincerely hope you will consider rethinking your current paradigm.

good luck to you

the bottom line is that we both are buying into it - just in different ways...

you prefer to exploit the fruits of your labors to acquire it and I prefer to utilize labor.

So when RPCD will be launched?

<3 sorry if that came across too harsh.  When i saw this shit i almost wet my pants.  So my interest is obviously in a different area than most because watching Ron Paul held out of the office that the PEOPLE wanted him to have, well it just was probably the saddest day I've had in the past 10 years.  


Whoever you are Rand Paul Coin people...please keep true to this coin.  Lifeforcepools could be right if you fuck this up.  If so, i'll have a new saddest moment.. :/


But if you do this right, you have used the greatest crypto innovation ever to get the entire cryptocurrency market a Presidential Guardian!  omg omg omg...I have to leave this damn forum for a bit cause i'm starting to get a bit crazy thinking of hte possibilities.

Soon after the 20th.  I'll make further statements.  I'm going to need to spend a lot of time with test-nets and determining what is a good stable Bitshares X release.  They're still quite active over there trying to create a stable wallet. 

If I buy RPC now, will I receive RPCD?

I do not want to make any hard set dates because there are too many unknowns. It sounds bad but I do not want to commit to a time until it is known.  I will say that I'm a very competent developer and will be working on this full-time until it is released. If I had to put a hard date it would be far into the future and likely a less acceptable answer.

If I knew when BTSX developers will release a nice stable version I would base my schedule off of that.

I'm just being honest here.  I will say that I want it done ASAP.  I want to give as much advance notice as possible to help with  distribution.

Yeah. I'm in. Done deal.

It is an experiment much like Bitshares and Bitcoin.  I am basically just leveraging all the hard work of Bitshares X.  I plan to document all the changes I make to the source code so that others can release updates off the bitshares repo if I am not performing to expectations. 

This way people do not have to fully trust an anonymous developer and hopefully any developer would be able to apply my documented changes to the newest stable release of Bitshares.  There is no coin like it.  They're even paying for their development with inflation.  So we're leveraging that and using deflation. 

You need to start with more than 13 delegates.  You also should post at bitsharestalk.org.  There is a thread https://bitsharestalk.org/index.php?topic=11049.new#new talking about this one.  You will find a lot of people dedicated to the cause, willing, and able to run delegate nodes.

it just a copy ?

bitsharestalk.org does not seem to allow TOR or at least I could not sign-up under TOR. I have nothing against that community. In fact I have an account there already with a few posts.

Why do you think I need more than 13 delegates? Security is somewhat a function of market cap. The more delegates the less they get paid and I would like people to at least be paid a small amount. I think longterm viability of the chain is more important than the minor security increases and extra difficulty in having more unique delegates.

I'll try again to get an account over there but prefer to remain anonymous. Some of the future features of this coin might not be entirely legal.

Yes and no.  It will have slower block times to keep chain size down.  Fewer delegates.  The changes will be kept to a minimum to maximize our leveraging of the existing code base.

I do plan on adding a feature to donate to Rand Paul or possibly any libertarian candidate willing to publish a BTC address. That will happen at some point in the future. Until then we will have standard Bitshares X features.

Disclaimer - I have an interest in BTSX, so if people learn the power of DPOS and BTSX then I benefit through hopefully increased adoption.

Hopefully I can get a working test-net up by next week sometime and pass out funny money for those interesting in playing with it.

POW = Pay hardware manufacturers and electric company to secure the coin

DPOS = Pay shareholders to secure the coin. +1

i LOVE this :) Rand is great!!! anyway questions

1) what exchanges?

2) when can i get it ?

3) whats the payment to people holding the coin? basically whats the % PoS?


thanks and good job

my concern is what algo for this coin  ???

1) I can't promise any exchanges. DPOS is new and support isn't as strong as it is for Bitcoin forks. I plan on working on exchanges, but want to get a working test-net up first and involve more people. I am hoping for BTER for starters as they have been open to supporting the DPOS community in the past. I would love Cryptsy, but they're slow on adopting any new coin. A coin without an exchange has a fraction of the value due to no price discovery. So this will be high on the list. If I have to bribe someone I will.

2) I don't know. Buy RPC coin on Cryptsy because price hasn't budged.  When I sharedrop the RPCD coins, 80% goes to RPC holders.

3) There is no payment.  Transaction fees will be burned.  That means the money supply deflates.  Thats one of the main aspects of this currency.  There is no random guaranteed %s.  It is DPOS, not POS. D is for delegated. Delegates are the equivalent of miners.  They are elected by shareholders.

Thank you for your encouraging words.  I'm looking forward to tomorrow to start really delving into this.

The main reason I think you should start with more than 13 delegates is ultimately that I don't see a cost associated with starting with more, but I do see a benefit.  You are honoring the social contract of bitshares.  You should have no problem finding 50 unique individuals that are willing to operate a delegate node.  Even if the immediate payout is not enough to ensure a hefty profit.  Remember the significance of what we are trying to accomplish.  https://bitsharestalk.org/index.php?topic=2853.msg35523#msg35523  I will check into registering an account with a tails distro, I'm pretty sure I was able to successfully register through tor in the past.  That was the previous forum though. 

Either way, I would be willing to spin up a delegate and seed node, and I am certain that many others would be as well.

Delegated Proof of Stake.

http://wiki.bitshares.org/index.php/DPOS (http://wiki.bitshares.org/index.php/DPOS)

Oh lord I have been thinking about posting here all day but wasn't (quite) sure what to think.  

I have decided to jump in too..  

I currently run the Beyond Bitcoin Mumble Server where the BitShares Community meets with Devs to communicate and coordinate.  I would like to run something similar for all who volunteer toward this cause.  So lets have some meetups and make history.  If you are interested PM me on bitsharestalk.org (fuzzy) and I'll help you gain access to the open community server.  You can join us at the following link:  https://bitsharestalk.org/index.php?topic=4150.0  (I recommend you just login and chill even if there is little going on because you never know when its going to get interesting).  

My main goal has Always been to help document the evolution of DPOS as the Crypto-Gold Standard Algorithm (like that?? :P) it has the potential to become and it seems this fits very well into the equation.  I only wish we lived in a world where the dev could feel comfortable coming out without fear of future punishment in his/her jurisdiction, which I am assuming is America?  Actually, nvm, don't answer that.  Just be free and enjoy your privacy while you have it I suppose.  

As far as the coin, the market will determine its value...and hopefully the people will together be able to help fund effective political campaigns for libertarian-minded free market candidates who will legitimize cryptocurrency.  If this coin is solid, and we get a team of people interested in working on it, I think we are going to see history in the making.  It could be mind blowing.

This sounds interesting! Just saw this!

If you're genuinely looking to create a wide fairly distributed deflationary fork of BitShares then you have my support.

For those that don't know yesterday Nov 5, BitSharesX became BitShares they now have up to 8% inflation, which can even be made higher if shareholders agree. So there is an opportunity for a coin that has the benefits of BitShares but is not inflationary. (BitShares will still do very well  but I would say their share price fell from $65 million to where it is today in the last month mainly because people don't want inflation, so there is a lot of value out there waiting for this.)

Ron Paul Coin was enough guys, shall we put out a coin for each member of Dr. Paul's family ? This is getting a bit too much.

I am sorry you feel that way.  Looking forward to building a large community to support and fund Rand Paul's Campaign.  I just hope we can give him a reason to lean farther toward his roots than toward the gravity sync that is the GOP. 

It was brought to my attention that some might not understand how this works.

A sharedrop is taking the blockchain records of an existing coin and then using that information to distribute equity on a new chain. The same proportions and public keys are used. This allows the existing private keys to be used to unlock the balances in the new chain!

This allows the creator of a DPOS coin to mix and match from a variety of demographics - all of which could be 100% POW coins. In effect, this has the new DPOS chain utilize the POW based distribution of existing coins. So it largely alleviates concerns of unfair distributions that we hear POW people say when referring to POS coins.

I'm a huge fan of the work of the Bitshares team, even if it still has some work to be done. There is no wallet that has near the features. So I wanted to create a coin that has some relevance and it appears Rand is the most promising of libertarian leaning candidates to date. I thought about having a coin with a more generalized theme, but Rand seems just as good.

AFAIK as I know Ron Paul Coin had no trickery associated with distribution. It is pure POW, no premine. So we have approximately 175,000 RPC in existence. When you hold RPC in your wallet on the snapshot date, then you will get some portion of RPCD.

Here is an example of the math.  Lets assume 175,000 RPC exist, and you own 1000.  In the genesis block, you will own

.80 * 1,000 / 175,000 * 1,000,000 = 4571.428571 RPCD

So that .8 is the proportion of the new chain being given to RPC holders, 1000 is the number of coins currently held with 175k being the number of RPC coins in existence at the time of the snapshot.  1,000,000 is the RPCD coin supply and will be the maximum coin supply FOREVER.  4571 is the number of coins that would appear in the RPCD wallet after unlocking it with the RPC key.

Anyone have anymore questions I'd be glad to answer them.  DPOS rocks.

First altcoin based on BitShares technology! Will definitely look out for this one.

You're  going to share drop 80% on a $10 000 coin?

If I've got that wrong please ignore the following rant...

How gullible do you think people are?
You could have slowly bought up most of that coin for a few thousand dollars.
It's like an 80% sharedrop mostly to yourself.
Ron Paul is a good man, shame on you trying to use his good name for a scam.

I'm hoping that that "wat" was because the revolutionary war led to an immediate doubling of taxes on the American people.  Whats more the items taxed moved from taxation of legal documents, to taxation of items much more important to the common man.  (look up shayes rebellion and the whiskey rebellion)

So ultimately the revolutionary war moved the American people from an average 1% taxation rate (mainly upon lawyers, and legal documents) to a 2% taxation rate, which was applied to a common specie of payment in the american frontier.

Also in case you didn't know.  The Boston tea party was in response to the lowering of taxes on british tea.  Not the raising.

I was also a little concerned with
I am reserving judgment though.  Collecting empirical evidence before I make a decision.

Ya know, you could give more to PTS/AGS holders. That would dilute that 80% RPC stigma.  ;D

I don't believe one could slowly buying up the coin for a few thousand dollars. I don't think anywhere near most of the coin has even been available after the price dropped to next to nothing. This also assumes there are not other persons attempting to acquire the coin.

I can assure you it is nowhere near 80% sharedrop on myself. Yes I bought some coins. I'd be foolish not to do so. Do you want to line up to pay for all the development costs? If you are willing to do so, then send me a pm.

Scam is a very harsh accusation and I have done absolutely nothing that resembles a scam in any way shape or form. I also have no intention of scam type behaviors. There are tons of altcoins with premines and questionable behavior. Premines rule the coin out for sharedropping.

To the person who commented about me mentioning Cryptsy - I have no comment outside of the fact that I am just stating plain reality. People asked a question, so I informed them of the only appropriate answer. I wish other exchanges had kept supporting RPC. RPC is dying off sooner than later. The only way I can gauge the demand is by looking at the price on one exchange.

I am glad that you think I might have the potential to become rich off this or some such. I wish I had the same strong views.

I am doing this coin because I've never released a coin before. I like the idea of Libertarianism although I am not an ideologue. I like the idea of a DAC donating to a political candidate, although the statement it makes has questionable value.

If I may ask, what coin would you sharedrop to instead?

I paused and considered this. I am tempted. Unfortunately it would change the deal for those who have already bought RPC in anticipation. Perhaps with what I learn from this I can create but another coin that is a pure drop on top of PTS/AGS and maybe BTS?

You guys should realize that this benefits BTS and BTSX considerably just by allowing people to become familiar with the underlying technology.

Ha Ha !  I wish I was more of a historian. We can't be experts in everything. I only wish I had more time and ability to retain memories.

The 13 number is one thing that I can budge on without changing the deal for anyone who may have committed resources. 101 delegates is just too many. It is hard to manage voting and hard to find 101 truly unique delegates. 13 might be too low, but it can be changed if the market cap rises significantly.

First ever DPOS/BTS coin with no inflation?

I am in.  :)

Scam is a very harsh accusation. In this case calling it a scam isn't harsh enough.

If you need development funds then specify how much you want personally and how much you need for development.

Don't pretend to be share-dropping on loyal supporters of Ron Paul , it's shameless.

 @ <$5000 a few weeks ago, who knows what % you now own? You may have bought out the previous developers stake too off market for all we know.

A DPOS coin requires incredible transparency and a wide initial distribution to be successful. There's a potential pump and dump here but nothing more.

Anyway I'll leave you to it. I'm outta here. Take care.

Why not just issue RPCD on the bitshares network as a user issued asset? 

Use the existing delegates, existing bitUSD/bitGold markets, etc,  instead of trying to recreate all these things.

Leverage off the infrastructure being built around bitUSD/bitGold assets already instead of replicating the effort. 

What exactly do you gain from redoing everything?  It seems like wasted resources, unnecessary complications. What am I missing?

This is beyond a scam? What planet do you come from? Apparently you've never seen actual scams. Grow up and get out of high school first.

I admitted to buying RPC coins in a truthful manner. I am not the largest shareholder. It was less than $5k market cap at some point, but it wasn't whenever I bought any nor do I believe it is truthful to say a "few weeks ago".  I've bought all the coins recently and I can assure you there were multiple people buying the coin as observed by any buy order I placed being leapfrogged by some bot.

I am not "pretending to share-drop on loyal supporters of Ron Paul".  I am share-dropping on Ron Paul Coin and I believe a lot of the long term Ron Paul supporters own the coin.

I like how you claim I should have just named a price for development ! No, I want to create a coin. I am creating a coin. Another person who whines and complains from the sidelines but does nothing themselves. I noticed when I asked if you'd back the development of a coin you just hurl more insults. Typical sense of entitlement or you have a competitor of some sort.

All coins can be a potential "pump and dump".  Every single coin.  Yes, there is that potential here. Guess what kid, that potential is there for every coin.

Glad you've left as you're nothing but negative and not even bothered to answer my sincere question on how you'd sharedrop to the Liberty movement?

Don't let the door hit you in the ass on the way out!

Several reasons.

Huge cost to register an asset.

I have a desire to play with DPOS. I learn nothing interesting creating an asset. I don't even know if sharedropping to an asset is something currently supported by Bitshares.

I am not redoing everything. Quite the opposite. I am leveraging the existing code as far as I can. On the other hand I also can't do anything novel with an asset.

I want to be the first clone of Bitshares because I'm a fan of the tech.

Hmm... Your right. A blatant scam is a serious accusation & a harsh judgement cast on someone I don't know. I apologise.

If your intentions are good and you've only bought up a healthy stake to incentivise you and help with development and you were genuinely interested in sharedropping to Ron Paul supporters, I'm sorry.
With DPOS you will struggle imo though because in practice it currently takes very little stake to control the coin (<20%) and using your current model, it will be hard to convince people that you couldn't control a much bigger percentage.

Regards your sincere question about share dropping on the libertarian movement. The alt-coin demographic is predominantly libertarian. Perhaps a short AGS style fundraiser with your Rand Paul message for part of the distribution would result in a wider initial distribution of libertarian supporters. The BTC raised could partly be used to kick start your BitAssets, perhaps a BitGold &/or Silver from which shareholders could fund development and perhaps donate to libertarian related initiatives via their delegates.

As for being involved in a competitor I own shares in BitShares and I may consider buying some PTS if it converts to DPOS too.

I still leave you to it. Just wanted to apologise for judging someone so harshly I don't know. If your intentions are good, good luck. Take care.

I man cannot ever know.
... That is my take. I would have thought that you, of all people, would have love a DPOS coin with no inflation...maybe I have a case of a wrong identity or an old man's brain...
Interesting conversation never the less.

Right guy :) I was excited by this when I saw it, but when I realised the potential for over-centralisation of voting stake here, I lost my shit a bit unfairly with the guy.

It is all fair. I was taken back a bit by the outright hostility and responded in kind. All the criticisms are at least somewhat fair even if I think the wording was far too harsh.

Understand that it is hard to get a coin on an exchange from anything I read and see. It will be even harder to get a DPOS coin widely accepted. It may take paying an exchange directly for their cost to support the coin. I don't know. I see this as part of my job.


UPDATE

So we're going to go with a BTS fork since BTSX will be dead here in a few weeks. Apparently the release candidate is going to be available next week. It makes no sense to fork BTSX since it might force a later snapshot or cause unknown problems. At that point I plan on starting to put up a test-net. I also need to create an account on bitsharestalk.org to aid in creation of the test-net by utilizing bitsharestalk users who are interested.

Since Bter was an early supporter of BTSX, it shouldn't be difficult for them to support it. I'd also look into Poloniex. They also have supported BTSX (though people have had lots of trouble with withdrawals), and they have a long history of adding brand new little coins.

I believe you'll have a much greater chance of success and make more money with a smaller share-drop to RPC. A 40% RPC drop is probably the max you can go imo.

If your options are limited I'd give a larger allocation to PTS. I don't own any but it's widely distributed, POW and they understand DPOS and many like the idea of a hard cap. (So you address some of the distribution problem and bring in a bigger active base of support.)

Have you considered working with the people looking to convert PTS to a DPOS hard cap? http://pts.cubeconnex.com/index.php?topic=13.15  however the problem with that is I3 who are probably the biggest holders of PTS are more in favour of inflation/dilution as demonstrated by BTS. So a joint effort for a new coin would have the effect of reducing the concerns PTS has of a large I3 stake and address the major issue a large sharedrop to a coin with such a low cap as RPC has, which is that it could be very poorly distributed.

Other

RandPaulCoin is potentially quite limiting for a coin that could have global longer term appeal. Libertarian ideas are popular worldwide. A 'Libertarian Coin' (or something more catchy) could embrace all the popular people that represent those ideals & individual freedom all the way back to some of the founding fathers and maybe have all the most popular featured on the face of the coin. Just thinking out loud here.

Edit: https://bitsharestalk.org/index.php?topic=11049.msg146759#msg146759 I see you're thinking of possibly naming it after Ron Paul too instead. I think that's a good idea.

Greetings from the BitShares community.

We salute you friends.

We have anxiously been awaiting the arrival of the first BitShares clone, and we want to support you every step of the way.  The more success you have, the more success we will have as well.

Distributing the shares to the hardcore Ron Paul supporters is a great way to promote democratic (DPOS voting based) concurrencies to the active Libertarian community.

You will no doubt achieve synergistic benefits in this regard.

You will be teaching crypto to activists, and political activism to crypto buffs.   

The best part about DPOS is that coin owners get to vote on who runs their blockchain, and the miners/delegates who are democratically elected to run your blockchain have to compete for the privilege of being a miner/delegate by offering services, like:

1. getting your coin on an exchange
2. providing specialized apps
3. burning a certain percentage of transactions to increase the deflationary effect
4. dev functions/marketing etc.

You are basically offering 13 good paying jobs in a high-tech field, that cost the tax payers nothing.  What politician (Rand included) would not be proud of that fact. 

As long as you allow the structure of the voting which is going to be launched soon, then Rand Raul Coin will be the first ever deflationary cryptocurrency democratically controlled by its shareholders.

And best of all, it comes at a time when the BitShares community is at an actual fork in the road:

To dilute or not to dilute the total amount of shares has just cost the BitShares community $20 million in market cap because the pro-deflationary DPOS crowd just sold their shares and went looking for Rand Paul Coin.  They were just talking about forking Bitshares and running a deflationary model like you are doing, however, they did not think to lower the total amount of delegates allowed to keep them profitable.  it seems that you have an accurate grasp of this concept. 

In other words, there is a demand for a deflationary DPOS that you no doubt have realized.  I'm just rather proud of the pro-Libertarian method of distribution you chose to take.

This will no doubt get people like Max Keiser interested because he follows Protoshares, MaxCoin, among others.

Obviously BTER would be your first target for exchange adoption.


If you are truly prepared to proceed with this adventure, then you will indeed be greeted with success.

The first fork of BitShares DPOS was inevitable, congratulations on recognising the political power of this application.

I'll help answering any general questions about DPOS.  I'm not a dev, but I'm well informed.  I will post some informational links for your community.

Best of luck.

"70% distributed to RPC
20% to BTS (required for full BitShare community support because they have historically supported every coin which has honored this percentage) which would be 10%PTS (original DPOS supporters through mining), and 10%AGS (original DPOS supporters through investing).
10% BTC (the Bitcoin connection will guarantee quicker adoption of your coin because Max Keiser would already be a part owner of the first ever deflationary cryptocurrency controlled by the owners, and not a central mining cartel)"

That seems a good idea.

Ron Paul > Rand Paul imho - I would ditch the Rand Paul concept and make it Ron Paul 3.0 instead, Ron Paul BTS, whatever... It would be far more popular.

Ron Paul is a legend in the Libertarian circles while Rand Paul is far more controversial. In essence, Rand Paul is a far weaker brand to go with. To be extremely practical, the greatest risk of a celebrity coin is that the celebrity screws something up and damages the brand. Which Rand Paul could easily do, high risk to use for it. Ron Paul is well known and not likely to screw anything up at this point, for people that already love and respect him anyway.

I'm addressing multiple posts here.

There is a lot to think about.  These are quotes from bitsharestalk

1 - This will be a later stage modification after BTS has a matured voting system. My hope is that the voting system will allow us to pay BTC private key holders with  RPC funds.

2 - If the voting system is adequate then it could be made so that a small amount of the transactions are burned to keep it deflationary while at the same time giving a certain percentage to elected recipients who have published a BTC address. Hopefully this is a fairly straightforward change but it means we will actually need a fork from standard BTS.  With a small change the fork can be relatively easily maintained.

3 - Depends on the plan?

4 - I don't feel I am doing anything wrong but it is impossible to know every law in every jurisdiction. This is why it is easier to do the whole thing anonymously.

I really am considering rebranding. I picked Randal Paul because he is the closest thing Americans have to Ron Paul.

I am also considering sharedropping to BTC. 10 AGS, 10 PTS, 20 BTC and 50 RPC ?  I am unsure about the remaining 10%.

I could see
15 AGS 15 PTS 20 BTC 50 RPC - Giving too much to Bitshares is not good for widespread adoption
10 AGS 10 PTS 10 DOGE 20 BTC 50 RPC - Doge is one of the most active crypto-communities by my observation. They deserve a tip.
10 AGS 10 PTS 30 BTC 50 RPC - No real problems here.

The problem with sharedropping to BTC is that $100 worth of BTC is diluted to less than a cent if my calculation is correct and the marketcap actually hit 100k USD. I might see how hard it would be to find active BTC accounts under a certain amount and just include those. There are a lot of options.  I could flatten the accounts out somewhat and only choose those that are within a certain range.

The problem is now I am making somewhat arbitrary decisions. If DOGE is chosen it might be the same issues.

I would lean towards distribution #2 if I write code to scale the balances.

I suppose the idea would be to get the largest active users of coins. That can be determined by coding heuristics to some degree.

If account > X  then throwaway // too wealthy
If account < y then throwaway // too poor, not worth blockchain space
If ! (account has outgoing transaction in past 2 months) then throwaway // Not an active user.  We want velocity and real users !

So then the list of address can have the balances scaled to some degree. Smaller addresses given more at the expense of larger addresses. Having the addresses flat would not be good as people with real small balances might just go instantly sell it and they would gain too much.

This seems like wealth redistribution but thats what happens when any coin is created. I am not an ideologue so I do not believe in capital controlling everything just as much as I don't believe in government controlling everything.


I am a big fan of the above thinking. Apparently we have another "drug lord" facing federal charges. Regardless I am considering rebranding the coin back to Ron Paul and perhaps people will vote what addresses the donations are sent to. I could make a list of addresses initially and then people can vote with their stake. Then the coin splits out the donations by vote. A lot of this depends on how mature the voting system in BTS ends up being. I'd rather just give all the power to the holders of the coin.

Again I am not selling anything or making any promises. There is no contract and there are no guarantees. This is a personal project of mine and nothing more. I would still love to hear more feedback.

Add on the announchment algo type and launch date

Updated.

Talking with some other people, maybe Rand Paul could also work. Really have not been following politics, some say he will be the next president? If so, or if he even could be, that is a pretty good angle. Controversy isn't all bad either.

Whatever the case, very interesting!

I've been having second thoughts. Rand Paul thinks people should be put in cages over marijuana possession with other real criminals. That is an absurdity and doesn't even seem to align with the wishes of voters. I'm starting to believe that naming the coin Ron Paul would be better and keeping the plan to help Rand stay.

Rand's people want to make out that he is cut of the same cloth as his father Ron, but it may be a situation much like the Bushs.

The general idea behind Rand Paul Coin is that Rand Paul will have to support the owners of the coin, not the other way around.

The coin is not designed simply to support Rand Paul.  The coin is designed to be a window into the soul of his constituents whom Rand has pledged to support as a public servant.

You are thinking of the tail wagging the dog, and we want to go back to where the dog wags its own tail.

People control their leaders, not the other way around.  This is the basic concept behind crypto as a tool for the people.  This is not a revolutionary concept, but an old fashioned Libertarian concept implemented by our founding fathers.

If you were going to rename the coin, I would go with George Washington coin.

Is there any Senator in the history of the world that has ever had his own coin? (is that not publicity?)  What if Rand becomes President?  Are there any presidents who have their own cryptocurrency?  Barak Obama had the support of the internet 1.0, but Rand will have the support of the internet 2.0!  But only if he supports our views on his voting patterns in the Senate.

Offer Rand the power derived from Satoshi, and see if he responds.  Give him a chance.  

Rand will have to change his views to match ours, because we, the people, own the coin, and Rand must now listen to us if he wants to have the power and support of the new generation!

The best part about BitShares is going to be the voting, not the asset trading.

If the coin consensus turns against him, then the people will vote him out of office.

First crypto disintermediated Western Union (Bitcoin), then WallSt (BitShares), now it's disintermediating democracies (Rand Paul Coin).

The financial applications have been done, Rand Paul coin is simply a new cryptographic method of communication between a politician and his constituents.

Let the tool (cryptography) work for the people.

If Rand Paul coin does not follow the wishes of his constituents (like saving tax dollars by releasing non-pharmaceutical drug users from prison), then Rand receives no financial support from his coin community.  To the extent that the coin could change its name.

Wouldn’t it be a great experiment and media story to see if the dog could really wag its tail once again?

Let the coin dictate the political story, not the other way around.

The general public communicates to their political representative through the cryptographic (a perfectly incorruptible political poll) tool and the politician supports the consensus of his constituents or he is ejected from office.

- USA Freedom politics in the 21st century and beyond.

- Using cryptography to honor the ideas of our founding fathers.

After this Coin, politicians once again will serve the people.

This coin is based on the Supporters of the Libertarian views of his father Ron, and if Rand wants the support of the Ron Paul supporters, then he will have to align his views with those of his father.

This coin will allow the people to take back control over their politicians, and it is the best decentralized application of bitcoin since Satoshi helped the people take back control over their human capital as it is efficiently stored as financial capital.

The best thing Rand Paul has going for it, as a brand, he might be the next President. Could get free press? Ron Paul ideologically I think matches with more of us crypto people, but might not get as much attention. I instantly thought Ron Paul all the way, but thinking it over more, I can see pros and cons of each. What would Rand Paul say of a coin dedicated to him? Would news cover such an event to fill time?

"I would go with:
50% RPC (to honor the Libertarian movement, and fruit of Ron Paul’s loins which happens to be the great Libertarian hope for the future yet still enigmatic)
30% BTC (to honor the greater community)
10% Doge (to honor active youth)
10% BTS (to honor initial tech founders)"

I like 70%-80% for RPC, but I hold some and always liked Ron Paul Coin, so obviously I like that percentage most. How would BTC snapshots work, or Dogecoin snapshots? Would that be held on Crytpsy at the time?

+100 for Ron Paul if the other option is Rand Paul. It's just so limiting.

I see you've already seen the problem with a Bitcoin sharedrop (even if your coin had a $10 Million+ CAP the actual value your share drop represents to an individual owner & therefore the percent of shares claimed and interest created would be negligible.)

Don't be too worried about share dropping bigger on BTS/PTS imo if you exclude/limit  the bigger accounts after the first 10%. Their communities are intelligent, supportive & most importantly understand DPOS, many would be interested in a hard cap.  (Hint: You especially want to mention this to their Chinese community or at least on the Chinese boards here.)

Lottoshares share-dropped on Dogecoin with limited success/interest I believe, but Doge are worth considering as their low CAP would make the drop per person more meaningful. (Also Dogecoin is traded on BTC38, the main Chinese exchange at least.) You may event want to consider share-dropping on a lower CAP coin that is traded on BTC38 so that the Chinese can buy in specifically for the share drop too.

Crazy idea  - Take 5% and distribute to the most influential popular people in that area. If they don't claim it within two years it slowly gets released to their favourite charity. (The delegates can discern if claim is genuine.)

X% Ron Paul
Y% Max Keiser
Z% ??
Etc.

Other: You might want to set aside 5% of shares to be released via delegates for two years starting month 6/12. (Transaction fees are unlikely to pay for much development/maintenance early on, until the coin has a really big CAP, so it would be centralised around relying on you unless there was funding in place to maintain it for at least the first three years even if something happened to you.)

Edit: Have you looked into partnering with PTS?

New Ron Paul Coin

50% Ron Paul Coin
40-50% PTS *
0-5%   (Ron Paul, Max Keiser etc.)
0-5%  development (2-3 year initial funding released via delegates.)

* Consider reaching out to that community. They want to transform into a DPOS hard cap too, but they feel they have centralisation problems - http://pts.cubeconnex.com/index.php?topic=19.0  You could potentially bring that community and their talents on board for a 40% Share drop. It's also still traded on bter a popular Chinese Exchange.

As an owner of BTS, I'd rather PTS changed their name and focused on a independent DPOS hard cap rather than distracting from BTS.

Those guys would literally burn their own money to reduce inflation.  :D

If your intention is to allow donations to political candidates some ideas include
Libertarian Party Fund
Libertarian Defense Fund
Liberty Defense Fund.

I think I prefer Liberty Defense Fund.  A short mission statement could be
The Liberty Defense Fund was founded with a two prong mission.  We focus on supporting liberty minded political candidates in an attempt to reign in the overreaching of our government at all levels.  We also support the defense of liberty minded individuals that find themselves within the cross-hairs of the state for engaging in behavior that all free people have a right to engage in.


I view liberty as a single monolithic thing based upon property rights, but you may want to limit the scope of the liberties you are looking to protect.

I believe that becoming a politician with the intention of changing the government from within is a futile cause.  It is akin to attempting to solve an organized crime problem, by joining the Mafia.  To gain true power in either organization you must be either truly evil, or stupid enough to be controlled by the truly evil.  The quest for power changes you, the little concessions you make to get along slowly corrupt.

The truly incredible thing about Ron was that he never allowed himself to be corrupted.  He never made that first concession that makes the next one just a little bit easier.  It reminds me of an old story.  A man living amongst wicked people went out into the street in an attempt to get them to see the error of their ways.  He preached and preached.  He was jeered and derided.  When he was listened to at all he was laughed at.  Yet day after day year after year he continued his attempt to rally his fellow man.  One day a young man asked this now old man "Why do you even try old man?  Isn't it clear that you will never change us?"  The old man responded "yes.  That is clear. But as long as I keep trying, at least you haven't changed me."

To be honest, I don't think Ron changed the government at all while in office.  The machine rumbled on past this old man waving his arms, and trying to tell people that this might not be such a good idea.  He woke up a lot of people to the ideas of liberty to be sure, but the machine rumbles on. 

Any one that is truly dangerous to the status quo will not be allowed to compete for the white house.  I would love to believe that Rand is faking his statist beliefs so that he can get into office and then do exactly what his father would have done.  Begin a systematic dismantling of the welfare/warfare state.  Even if that is the case, it won't work.  He would be framed and impeached or assassinated.  Just like the last two presidents that became a threat while in office. 

Update

1 - It is unlikely we will be changing names. Although people love Ron more, I am seeing more desire for the coin to be named after Rand. If Rand happens to not make president, the coin will still have tremendous value and can be rebranded as Ron!

2 - I do not know what is up with Cryptsy. If anyone on here does significant volume and thinks they could receive an answer about why the wallet is in "maintenance" mode it would be most appreciated.  (Search for the RPC ANN for more of my thoughts)

3 - I really want to give something to active Doge holders and BTC users. I have been discussing things with friends on what parameters I should use to accomplish my objectives. I should have better answers in a few days. I am still doing a lot of research. I really really want to target users with active wallets. It should be possible to drop to only wallets with recent activity. This way we can maintain a sharedrop in amounts worth most people's time while also targeting those who seem to be active in using the currency. I'm trying my best to maximize the value.

4 - I am excited! I heard from someone who works with Rand Paul's candidacy. I am not sure where that will go, but excitement is great for motivation. Please keep up the kind words.

5 - I still plan on taking the snapshot of RPC on the 20th. The other coins I am not so sure, but their market cap is so large that I do not feel it is important to give notice. If Cryptsy insists on shutting down their deposits and withdrawals, then the date of the 20th may be postponed until they do something about that situation.

Totally agree, my first impression was change to Ron Paul, but after talking it over with others, I think Rand Paul is much more interesting due to the current political situation. I do believe he will be made aware of it by the way. ;)

I contacted someone at cryptsy and let them know it is important the wallet is fixed so people can withdraw to their personal wallets for the snapshot, but worst case I would request a delay on the snapshot if for some reason they are unable to fix it in 9 days. I can't imagine they won't have it fixed by then, but it would not be fair if people are left out due to a technical glitch out of our control.

I run a crypto club with around 3700 people, and we are all talking about Rand Paul Coin now, some of us are buying in too, everyone is welcome to join, free information.

https://www.facebook.com/groups/459085124197658/

So rand has 1 million coins out yet RPC has only about 200k so how will you do a swap for 50%?

Or are you planing to eliminate the whole 2 million future total coins for RPC?

Another question is what will happen to RPC and Rand, will one replace the other so only one will exist?

If so which one and what will the inflation/deflation be and also total [real] Max hard cap?

Thank you!

Just guessing, but I assume they would just calculate out more units for the snapshot, if it is 50% RPC, 80%, or whatever. The snapshot I believe uses blockchain data for distribution numbers, so you would want your Ron Paul Coins in your wallet before the 20th, or whenever it happens.

Ron Paul Coin is scrypt Proof of Work, so it would continue on I imagine just as it is unless some devs or the community decided to fork it or change it later. So if you buy Ron Paul Coins, you would end up with Rand and Ron Paul coins. I know a little about Bitshares, pretty sure that it how it works.

Man, I'm still confused, can the dev clear this up.

let's say I have 1,000 Ron Paul coins.  After the swap how many RPC and how many Rand coins would I have?

Would both coins still exist or would one merge with the other making just 1 coin?

And finally, what would the inflation/deflation and dilution (max cap) be?

thanks!

Please reconsider your snapshot date of the 20th and instead make it directly dependent on when Cryptsy's people get their heads out of their asses and enable people to either A) withdraw their funds from a wallet "in maintenance" or B) start honoring snapshots from the bitshares ecosystem (instead of taking them as their own). 

Also...if anyone working for another exchange is interested in becoming an exchange beloved by all the bitshares community, please consider taking on RPC and honoring snapshots in an effort to bring to light this ridiculous behavior that Cryptsy is apparently so intent on displaying openly and without remorse.  You are almost certain to become the benefactor of Cryptsy's losses as only 3 exchanges currently honor BitShares-Powered Snapshots:  Poloniex (Only U.S.-based exchange), Bter.com and BTC38 (Both based in China). 

As you can see, there is plenty of room for competition in this space and the first movers will be very glad in the end that they had the foresight to see what was coming and choose the honorable and ethical path that supports customers instead of leeching from them. 

Everything is scaled proportionally.

For example - If there were only 10 RPC, and we are creating 1 million coins.  First RPC gets 50% of the final allocation or 500k coins.  Then 500k / 10 RPC = 50k or each RPC coin would give you 50k coins.

RPC will continue producing coins, but once the snapshot is taken they will no longer directly impact RPCD. Think of snapshot as in a snapshot of the blockchain.

The 2 projects are independent. We are utilizing RPC to generate the distribution. This is how POS coins avoid accusations of premine, by sharedropping onto existing coins that weren't premined.

RPCD will have a max hard cap of 1,000,000 coins. I think keeping it simple works, although it could just as well have been 2,000,000,000.

I have not figured out the deflation rate. I want to make it significant enough to pay the 13 original delegates a minimal amount to insure participation. It will be in the form of burned transaction fees. This is how Bitshares X was before they turned to inflation to finance the development we will be using. So transaction fees pay the 13 delegates (analagous to miners).

Update
Ok, I have an understanding how to do the snapshot. It is actually easier than I thought it would be. I'll be setting it up today and creating the initial snapshots. I've found a good support site without bothering Bitshares.

We'll have a few unofficial snapshots for the testnets so people can start playing around before cryptsy issue is resolved.

Hey, just a word of caution to you traders: as soon as Cryptsy enables deposits, it's reasonable to assume that there will be a massive flood of RPC into Cryptsy as people have been watching the pump and they'll be wanting to sell. It would not be surprising if the price of RPC crashes significantly as soon as deposits are enabled. On the other hand, RPCD has a pretty fair chance of pumping above 100k market cap, so maybe you don't care whether you buy at 25k sat or 15k sat. :)

If anyone would like to give me feedback I would like to know if you have removed your coins from Cryptsy or if you have them stuck because you didn't have a wallet ready?

There are those who are not aware of the RPCD sharedrop and those who have their coins on the site aware of the sharedrop.

I'm really concerned they may not open their wallet back up. I would like to know if anyone received actionable feedback?

I am just as interested hearing from those that did withdraw as those who didn't. It sounds weird but such a list would be really helpful.

I bought some RPC because of your snapshot announcement but have been unable to withdraw, as their wallet is in maintenance mode or something.

The feedback I got was that Crypsty were unable to give me an ETA for when withdrawals would be functioning but they said they would notify me when they were.

I contacted Cryptsy about the Wallet issue, they said they should have it fixed by Thursday, so we should be ok before the 20th I imagine. All my coins are stuck on Crytpsy, but my wallet is synched up and ready to move them once they have it fixed.

Good call, might set up some BTC to catch that.

Thank you CryptoClub. Hearing an actual date from someone a bit higher at their helpdesk is reassuring. One never hears anything positive about Cryptsy so it is easy to assume the worst.

G'day randpaulcoin,

I have been and still are a huge supporter of Ron Paul.

I believe firmly in the values he espouses

That is why I mined and still hold RPC's,

I also bought quite a few on Crypsty which are still
sitting in my Crypsty account, unable to be moved

this is the reply I received after asking cryptsy to fix their issues with RPC


Thank you for contacting Cryptsy.
We deeply apologize on the delay and for any issues that may have arisen due to this.
RPC wallet is still under maintenance and will try our best to have it back soon.
Our technical support team is currently working on this to upgrade
and do whatever is necessary to keep these issues from happening again.
There is no ETA provided yet however we will keep your ticket open and keep you posted.
Please be patient as we repair the issue and get RPC running again.
All transactions will be posted in order once wallet is up.
Thank you kindly for your patience.
 


I also added up all RPC coins on Crypsty for sale,

this figure worked out to roughly 5% of all RPC's ever created

I also own around 2% ever created, still sitting at cryptsy not for sale

so that is roughly 7% of all coins minted.

Question for all other holders of RPC's at Cryptsy not already on the sell list at under .0014
(as I dont want to double count them)

how many do you own and would you be prepared to supply screenshots if these figures
all dont make sense in the big scheme of things.

Also Randpaulcoin, how many coins were sitting in holder wallets when you did your
preliminary count


cheers grant

After a follow up msg to Cryptsy asking for the issue to be
urgently addressed as we needed the coins in our personal
wallets, and informing them that you would not issue
any coins to cryptsy in the drop, Cryptsy have now fixed
the issues with RPC and are now able to be withdrawn or added

So disregard my last post regarding how many coins you have
with them

We should be all good for the drop by the 20th

cheers grant

Thank You Bigsky awesome work!  :)

So 20th is it?

I think this coin is a fraud.

I think you are a cat.

lol...I know for a fact it isn't a fraud because I am currently working behind the scenes to make sure it isn't.  Crypto is only as valuable as what people bring to it. 

If people want to do something beneficial for the coin it will gain even more traction, which means more funding, more adoption and more $$ for all involved.  If people run around being all negative and trying to bring nothing to the table...then they will receive nothing in return.

Silly cat. 

For those who don't know what DPOS and BitAssets are just look at BitSharesX

Specifically look at its 180 day chart on coinmarketcap... http://coinmarketcap.com/currencies/bitshares-x/#charts

BitSharesX used to be the BitAsset focused, no inflation blockchain. In early Oct they started talking about becoming inflationary and now the new BitShares is inflationary & they are also a 'SuperDAC' that will offer a lot of different things. You can see they lost a lot of value in BTC terms from early Oct and if you draw a trend line from any point before then, you'll see BitShares has potentially lost $100 million+ by adding inflation.

So there is a market for what BitShares used to be - a sturdy, robust, no inflation DPOS blockchain with BitAssets like BitGold & BitSilver. (BitAssets let you store the value of Gold & Silver on a blockchain!)

BitShares are launching amazing marketing in December and they have Daniel Larimer who's a development God and the inventor of DPOS and BitAssets. So they'll likely recover and potentially wipe the floor with all comers including Bitcoin.

I also don't think a coin by an anonymous developer experimenting with DPOS will compete with BitShares. If it does add BitAssets, they will also not be very liquid even if they just focus on Silver, Gold & USD but I do think there is some value out there for Rand Paul Coin right now, no.2 DPOS is up for grabs, if this dev can deliver a functioning DPOS blockchain. I recommend you pick up a few RPC if you haven't yet. Very interested in this.

Cryptsy enabled withdrawals, so I sent to my newly downloaded Ron Paul Wallet. Now it seems unable to sync. Any ideas?

Also would be great with an official response from the Dev across all channels, that yes indeed, the snapshot is 20th November as originally intended.

I needed to add a few from this list from DougB62 using the method above to start syncing myself
https://bitcointalk.org/index.php?topic=389070.msg9536596#msg9536596

Edit: Can the dev confirm if the snapshot still scheduled for the 20th?

Ok trying to cut down on radio silence from me.

Sooooooo happy Crypsty came through.<thumbs-up>

I wrote up a nice article in google docs but it :( quit working. Doing snapshots isn't that hard with RPC. (Remote Procedure Call) The worst case is a rewrite of it all but there is nothing unmanageable that can not be done.

Final allotment = (Guaranteed no change)
50% RPC = snapshot 27th
20% BTC  = snapshot ?
10% DOGE = snapshot ?
10% PTS - Nov 5th snapshot.
10% AGS - Nov 5th snapshot.

I will be modifying the smaller and larger balance extremes. That can mean lowering or increasing or removing balances. No discussion on these thresholds. I would like to construct the restraints around blockchain size as much as sociological engineering. PTS & AGS & RPC will get full 1:1 snapshots proportional to themselves. DOGE and BTC will be modified in some manner.

The new snapshot for RPC will be Nov 27th.  The only market is Cryptsy and they came through but had the wallet turned off for near a week. So we will be giving 1 more week for snapshot and allotment.  I'm mainly using Cryptsy as an excuse as it is not likely to have this ironed out before the 27th so might as well let people trade pre-snapshots. Just make sure you have your coins in a wallet where you own the private key on the 27th. I'm having problems with memory  under Java which is how the snapshot software is implemented. Yet now I understand the underlying procedure to create a snapshot from a coin daemon so worst case it will be rewritten. My goal in life is to release this coin.  It will be done or I will die unexpectedly.

I've had problems pulling down the whole bitcoin blockchain with the reference client. Not sure what that is about but we are working around it.

Thank you to everyone supporting the coin and the Libertarian philosophy.  

I apologize for any delays but we're trying to deliver something with meaning and value. The genesis block creation is not very fun so once that is out of the way we will be golden.

Please like and share this video if you find it helpful.  When Rand Paul Coin is released, I will send a video out to show you how to claim your RPC-D  https://www.youtube.com/watch?v=H9kqUDJWxkQ&feature=autoshare 

Snapshot for Ron Paul Coin is on 27 NOV 14, don't forget!

Holy Ron Paul this idea I like ... filling the void PTS just f'k up ?

RPC ... (Remote Procedure Call)

brilliant  8)

What time specifically will the snapshot be? Are you doing it I3 PTS-style where you snapshot the last block mined on Nov 27th, using UTC as the time zone?

why don't you keep it simple. no sharedrop on btc or ltc. for it even to be worth someones time to redeem a btc or ltc key on the DPOS chain for rand paul coin, the market cap would have to be in the tens of millions.

also can we call them rand paul shares or paul shares? that is a better name to convey it's DPOS blockchain technology.

Just to make it clear, there is no sharedrop on Litecoin.  The sharedrop targets are clearly stated above ;)

They are PTS 10%, AGS 10%, Doge 10%, BTC 20%, RPC 50%

As for the chain being worth millions to be worth it.  Imagine for a second the first non-inflationary coin that has 10-20 second transaction times, privately sending to names, high resistance to high frequency trading and complete resistance to naked short sales.  Imagine this can be scaled to be an enterprise class platform that can allow people to store the value of Gold, Silver, .22 Ammunition, 1g of High Quality Sativa...etc, with a portion of the transaction fees going to putting into office the first ever crypto-friendly, liberty-loving, son of a patriot-hero president ever. 

He wants to end the war on drugs, fight for our constitution and work to bring sanity back into politics.  Now imagine that the nodes that protect this network are run by 13 other patriots who are VOTED into power based on their alignment with libertarian philosophies. 

Yeh...this coin is going to be millions. :)

Looking forward to actually helping change the world with it. 

Anyone interested Rand Paul Coin (RPCD), please join us for a discussion on Mumble @1:00pm (Central STD) for an hour-long discussion. Regarding this news:
http://www.politico.com/story/2014/11/rand-paul-nsa-libertarians-113042.html?hp=t4_r

This directly effects RPCD and DPOS is the only algorithm that requires people as active, informed citizens. I'm interested in hearing opinions on this story and getting them put to audio for our Beyond Bitcoin Town-Hall Styled Hangouts. As Technology evolves...so must our avenues of communication and education.

Please join me on the Beyond Bitcoin Mumble Server:
Label: BeyondBitcoin
Address: beyondbitcoin.commandchannel.com
Port: 2077
Username: "Your Forum Handle Here"
Pass: w0rldCh@NG3rsUN!t3

Please help me maximize participation by following @beyond_bitcoin and retweeting my tweet here: https://twitter.com/Beyond_Bitcoin/status/535470139215724544

Follow, retweet and share for a free Ron Paul Coin!

first 50 who actively participate will receive a free Ron Paul Coin!

6 days to go ..  ;D

Great effort getting the CryptoCoinsNews publicity.
 
As a reasonably fair RPC holder, if everything works out as
planned and I get the Rand Paul coin I think I will, I would like to
pledge a donation of a minimum of 1000 (probably more)
randpaulcoins to his cause or other libertarian causes.

I hope other RPC holders might consider doing the same

cheers grant

At RandPaulCoin dev, BTSTV is a large BitShares holder, so please be aware they could have a conflict of interest. I also hold BitShares but I will try give you my best advice for your venture though as I give BitShares the best advice I can for theirs.

IMO

- Your strategy of calling it a coin is 100% correct! You have no inflation so you are a real crypto-currency so you can be called a coin. (BitShares has adopted a company metaphor and lost a lot of value by being 'shares' & diluting themselves, though it will work for them in the long run.)

- Also don't apply the rune merger strategy. It's a Bitcoin takeover attempt some have pushed at BitShares, a) it wouldn't work and b) it would make whoever tried it extremely unpopular in crypto.

- You need the price feeds because otherwise it doesn't work. (There will be a lot of RandPaulCoin Bulls, willing to short but lower demand for the assets. This results in a peg that doesn't work. BitShares' first crash after they got to a $100 million made them learn this lesson the hard way. Even now BitAssets are able to offer interest, why? Because there is so much competition to short. Without the feeds this would instead translate to your assets being too far below the peg.)

- Also definitely don't lower the collateral requirement, if anything you can increase it a bit.

BitShares has BitAssets backed by unlimited inflationary digital tokens and you will have RandAssets backed by a completely limited no inflation coin perhaps with a bit more collateral to boot.

Well done on the Cryptocoins news article

Also you may want to post the message about your snapshot on the Chinese BitShares forums, even if you just use google translate. They are the big drivers of BitShares volume and will possibly be fans of a no inflation DPOS whatever the name. As you are sharedropping on PTS & AGS I think this should be fine.

Here's the CryptoCoinNews article for those like myself who missed it:

https://www.cryptocoinsnews.com/randpaulcoin-fund-2016-presidential-campaign/  8)

mutilated cow  >:(

Great :)

The snapshot is approaching. PLEASE remove your coins off Cryptsy ASAP.  We are less than 24 hours away.

Please keep the suggestions flowing.  I have been unfortunately busy with previous commitments.

There is discussion over at pts.cubeconnex.com if anyone is interesting about the project that has picked up the torch for Protoshares.

I am seriously considering renaming the coin to Paul Coin Deflationary. Although this sounds Biblical.

I'm still not entirely sure about Randall. It would be nice to have the coin have a reason to be around if his Presidential candidacy fails.

Rond Paul Coin or is that stupid?

You say less than 24 hours... What time exactly are you planning?

I would just stick with Rand Paul Coin. That makes it current, and if the candidacy succeeds or even has a good run, RPCD could be huge.

If you can't go for Ron Paul Coin too, I would go for 'Ron Paul Money' - RPM is a good abbreviation too. Or Ron Paul Sound Money. (Deflationary isn't very catchy and also doesn't tell you it has 'no inflation')

If you will be capable of adding assets to your version. Rand Paul Coin could be the first Asset based on the same snapshot. You could allocate 5% of the Rand Paul Coin be set aside and released slowly to help fund the presidential campaign.

http://4.bp.blogspot.com/-7UsUDY_ZVCs/T1EqLHqcyLI/AAAAAAAAEjA/UjRPBkoQ89Q/s400/ron%2Bpaul%2Breal%2Bmoney.jpg

He has so many great quotes about real money, thats supply rules can't be changed by humans, he is perfect to represent a coin/money with no inflation imo.

Great for your BitAssets too - Save in 'RonPaulGold' & 'RonPaulSilver' backed by Ron Paul Sound Money.

http://i1.ytimg.com/vi/q3SOlXxUBLk/mqdefault.jpg

The dev of this coin once said that his wife was complaining that he is spending too much time with the coin business than her, how come is he coming out with this again?

http://treasure.diylol.com/uploads/post/image/444340/resized_business-cat-meme-generator-and-for-that-reason-i-m-outta-here-68e594.jpg

No PoW = no fair distribution! :P

This coin is POW

Only thing different is that the "miner" is called a "delegate" because they compete to be the best and the coin holders vote on who they want to be the best miners.

This whole community was founded on POW, and miners will continue to get paid

Ron Paul coin was founded as a POW coin.

BitShares was founded as a POW coin (Protoshares)

Bitcoin, well you should get it by now..

See...That is the exact reason why you need to call this "money"

because nobody gets it yet..

but when they do........

POW is fair because it is only distributed to those wishing to invest money in single usecase electronics and burn through fossil fuels in the hope of some sort of free money ? All distributions going into RPCD will have been mined originally, so there are no coins that were arbitrarily determined, except by the % of their respective sharedrop.  So one could argue it is ALL PoW.

The 13 delegates is up in the air. We might double it and recommend people run 2 keys in a miner for starters. There is discussion now about whether delegate # can be changed without a hardfork. If it requires a hardfork the delegate # itself may be increased to something like... 23? 

This is very amusing. I am neither married or divorced. This is not the same dev as Ron Paul Coin. I have been a bit busy lately but this is one of 2 things at top of the list.

This coin will use DPOS and based on BitShares. It is completely different than most coins you use which are Bitcoin forks instead.

People get your wallets ready !

Early hours of UTC I'll grab a block time.  No promises though as it may be done on anytime on the 27th.

Ron Paul Gold and Ron Paul Silver backed by Ron Paul Money is a fantastic economics and crypto lesson for the uninitiated that makes you learn!"

Where "Rand Paul Coin" does not really tell you what you can do with the power of DPOS that you are unlocking.  Using DPOS as a simple alt-coin (bitcoin copy) is very limited and overdone.  And when someone asks you what are Rand Paul Assets, then they don't have quite the same emotional impact as:

BitGold, BitSilver (backed by BitShares), or Ron Paul Gold or Ron Paul Silver (backed by Ron Paul Money).  If you want to compete with the big dogs: Bitcoin, BitShares, Ripple, etc, you need a big concept.  Rand Paul Coin or Ron Paul Money?

Rand Paul Coin sounds like just another altcoin to compete with bitcoin, litecoin, peercoin, etc.

Ron Paul Money sounds like the revolutionary new Bitcoin 2.0 concept that this DPOS coin is capable of:  smart contracts, interest bearing bitassets backed by Ron Paul Money, milti-signature security, escrow options, etc.

I'm loving this Ron Paul Money idea, and like the guy said, you can issue Rand Paul Coin as a BitAsset EXCLUSIVELY on Ron Paul Money blockchain.

THAT IS A FEATURE THAT BITSHARES WOULD NOT HAVE, and an exclusive reason to purchase Ron Paul Money over BitShares (because you want to support Rand Paul's presidential bid).  The media will have to look at and explain "Ron Paul Money" whenever mentioning "Rand Paul Coin."  This double coverage will cement the "Ron Paul Money" brand

You would not look like a copy cat coin at all because you can always say that Rand Paul Coin was your number one plan, but you wanted to do it on a deflationary DPOS (that was a better real sound money model than fiat, bitcoin, and even bitshares) that would have made father Ron Paul proud!

These are all economic concepts, that when people understand, will say "gee I think I understand money a little better, or I get the crypto concept a little better."  AND THEN THEY WILL BUY THE COIN THAT TAUGHT THEM THAT LESSON!

You now have a unique altcoin on a unique DPOS (that is showcasing and TEACHING the world about the power of this new bitcoin 2.0!!!)

This is a great teaching mechanism that bitcoiners can relate to, and that Ron Paul supporters can understand, and that Dan Larimer knows is a fantastic angle:

 
Yeah, I think that making Ron Paul Money the central collateral asset (you will need a good general name to compete with the "BitShare"),  Call them "Pauls" that you will use as collateral to buy or issue Rand Paul Coins, Ron Paul Gold, or Ron Paul Silver.

You need a good one syllable prefix to compete with "bit"

as in bitshares, bitgold, bitusd, etc.

so RonPaulGold, RonPaulUSD, RonPaulAssets

So you take it to the next level with RonPaulAssets backed by Ron Paul Money as you compete with BitAssets backed by bitshares.

You might have a better teaching angle because your RonPaulAssets are backed by a "money" and not a "bitSomething" which people are having a difficult time intuitively understanding that bitshares are the value that acts as collateral.  You would be more effective teaching newbies that "money" backs your RonPaulAssets rather than "BitShares" backing the assets:

https://bitsharestalk.org/index.php?topic=11569.0

See, people still don't get bitshares because it is "backed by bits" (and not something that grandma can comprehend as "value" like "money" or "gold")

Now if your RonPaulAssets are backed by "money"  (Ron Paul Money), then they just might understand it, and buy into the future of money.

Using "money" as the article that "backs" your bitassets is an absolute must if you want anybody to understand this rocket science.

BitShares took the "we are the best crypto comming from a BitCoin familiarity" standpoint.

You must come from the best other logical direction:

"we are the best crypto coming from a "money familiarity" standpoint.

Otherwise you will confuse people and look like you are either copying bitcoin or bitshares.

In Crypto, what major "brands are taken"

"bit" - is played out - bitcoin, bitshares, bitassets, bitusd - that one was picked first

"coin" - Bitcoin, litecoin, thiscoin, thatcoin, shit that is why Rand Paul Coin needs to be relegated to the "bitasset" category and can't be your main theme

"shares" is now taken, bitshares took that name, and it is a good one because it explains a concept to people.

We need a word that explains a concept to people, and I suggest we use the word "money"

No coin has had the ballz thus far to be "moneycoin" or "bitmoney"

Here is our chance to use a first round draft pick in the great crypto draft (you got an early pick, so you might as well take the best word)

MONEY

What kind of money?

BitMoney..maybe (encompasses bitcoin concepts)
Ron Paul Money loving it (encompasses austrian economics and libertarian politics)

everything else is less encompassing

cyber money
cloud money
libertarian money

I think that if you try this you will see that all roads lead to Ron Paul Money.

I'm intrigued by the possibility of fewer delegates, but keep in mind that fewer delegates means fewer bitAsset price feeds, which means the median feed price will be easier to manipulate.

I like all these ideas. Perhaps longterm branding to Ron Paul Money is better. Coin is old. Deflationary might be good for grabbing eyes on bitcointalk. That may not be the same if the coin wants to have a legitimate attempt at longterm growth.

Rand Paul Coin Deflationary vs
Ron Paul Money.

There is always the thought of rebranding the coin in the future.  That seems likely to kill it and never work though.

I really like your ideas. What do prediction markets have for Rand? 

It is agreed but there is also the problem of not having dedicated block-signers. With a community that starts out small it is hard to identify unique actors. We will likely start out the official chain with roughly what the testnet starts out with.

It seems likely to me I will go over to bitsharestalk.org and court people who wish to run delegates. I will likely keep this thread here as main support thread instead of another forum.

If there are 25 delegates and 8 are up for grabs because no one is pursuing the role, then what?  One person could snatch up those 8 delegates and move their price feed to the ceiling or floor. That would likely affect the median price substantially. The alternative is to have people run multiple delegates which isn't particularly bad.

Thanks. I don't understand the Rand prediction market question? If it refers to  the Rand Paul Coin as an asset suggestion. I'm suggesting making it a separate user issued asset (Like NEM is on NXT)  vs. a BitAsset which are prediction markets. (If you're planning on adding normal assets.)

I'm also in favour of more delegates from a marketing POV. 13 seems too centralised. Even if there are people doubling up in the beginning until it's more profitable, starting with a higher number would be better imo.

I like the idea of more delegates/miners - how are they determined? Is it by the largest holders or people willing to dedicate some resources?

In DPOS, the delegates (read: block producers) are voted on by coin holders. You can go in and register your account as a delegate account, and then you campaign for votes, and whichever 13 delegates have the most votes are assigned to process transactions and produce blocks for the blockchain. For compensation, the delegates are paid some fraction of the transaction fees collected by the network. More info here: http://wiki.bitshares.org/index.php/DPOS

As far as naming goes Rand Paul coin is hindered by Rand not making it that far. If we knew he would make it to Presidency I would readily stay with original RPCD. So look to prediction markets to help with the answer.

I agree about 13 being too few. We will provide instructions on running multiple keys per delegate instance.  It will add a little complexity to delegates, but trusted known people can run multiple delegates then be voted out partially as real candidates are established. Ideally I will run a slate or someone else whom can be determined trustworthy. We will be drawing from 2 communities. Those from bitcointalk and then the bitshares people who are interested.

One thing that is difficult is establishing a true community inside a thread. I might have to look for a forum somewhere.

Bitshares has some interesting ideas for onramp and offramp capabilities which we will be able to leverage. After I get this snapshot stuff done things should move along quite nicely as we are doing minimal changes to Bitshares codebase for now.

Great. Yeah a forum/forum subsection would be great.

I think once the DPOS chain is up there'll be much more interest from some of the BitShares guys.

Good luck with snapshot stuff etc.

RPC snapshot block will be 198132.  I hope everyone who wanted to partake got their wallet straight.

I will announce other block #s shortly.

Bitcoin block snapshot will be block 331760.
Doge block snapshot will be 475974

Final allocation will be 50% RPC, 10% Nov 5th snapshot to both PTS and AGS (20% total).  20% to BTC. 10% to DOGE.

It is under consideration making the snapshot code look for people who donate to a lot of addresses for Doge. There will be the ability to gift coins to DOGE addresses. So by sharedropping to addresses that have demonstrated giving behaviors we help seed the seeders.

The downside is this allows me to have created accounts that are found to fall within this sub-group and thus grow my stake. So it calls into question the initial distribution. I wish I knew a technical solution. Any attempt at trying to get around a normal distribution creates problems of trust. I really want it to be as free-market driven as possible yet there is a lot of innovation we can do with sharedrops.

Wallet currently shows we're on block 198162. So the RPC snapshot happened already?

Yes.  Snapshot is done by block.  Those numbers are set in stone now.  We may change allocations with DOGE and BTC to keep blockchain size and redeeming amounts reasonable, but top level ratios and blocks of snapshots are set in stone.  

This means RonPaulCoin has no more value directly for snapshots. Your RonPaulCoin wallet does have value regardless of the balance.  It is those private keys that will be the keys to your RPCD. Please backup your wallet.dat at this point if you are seriously interested in RPCD.  Copy it to a USB stick. This will unlock your sharedrop when the final chain goes live.

The testnet will likely use this snapshot but it is possible we'll have modified versions as I roll it out.

I'm not sure about dates. I have other pressing things in my life. I would rather work on RPCD but the holiday seasons will be very busy.

There are 2 ways of doing snapshots. Either code compiled to use the C++ code of the coin or through a RPC interface. There are problems with the RPC wallet not returning results on certain blocks and existing code is failing. I'm going to try the C++ code. If the C++ code works we should be golden. I would like to thank the Protoshares community for helping with some of my questions.

And you know they does not work, how exactly? Somebody told you so?

The price of Bitshares crashed because the original 'market pegged assets' were abandoned and instead BTS now has 'feed priced assets'.

I am not suggesting Rand Paul Coin implementing the real market pegged assets, but those have not been tested in practice by nobody and I am betting that somebody someday will. As early as 2015.

There was a thread on that forum - 'Why Vitalik got the award and BM did not'. Well it is simple in my mind - BM made the biggest discovery and let others (including Vitalik btw)  persuade him that his idea does not work.....

Interesting sale of 13,000+ RPC on Cryptsy there at 7:30pm, fifteen minutes before the snapshot, even though it was announced to take place tomorrow.

The idea of a pure "game-theory" market might be something RPCD will be interested in resuming. The arguments are not clear to me. Are there threads discussing the problem that the feeds corrected?

Someone pushed me on a time and they were given a time of early hours UTC or some time on the 27th in this thread. The snapshot was done in the early minutes of the 27th UTC. This is completely within any information that was given. It has been announced and is behind us. There was no trickery.

As far as I am concerned no such  discussion took place publicly (for the opposite view ask FandangledGizmo, he seem very convinced in his opinion, he might have read something I have missed).
For me the story goes like this - The mastermind of 'feed priced assets' came and said "'market pegged assets' do not work. I will tell you how to fix the system." Overnight a ridiculous form of the 'feed priced assets' was borne... it was abandoned  in very short order. An element of it was kept - namely the feeds.

The argument that Vitalik has against pure "game-theory market pegged assets" can be found in his Ethereum blog, btw. (October or November, post, I believe)


I repeat what I said - I do encourage or discourage rand paul coin using  pure market pegged assets. It is a hard choice between unproven groundbreaking innovation and a more secure route. This choice is not for me to make or even suggest on Rand Paul Coin's behalf. All  I wanted was, to  make perfectly clear that pure 'market pegged assets'  have never been tested and proven  to not work, as FandangledGizmo  stated.

 

All the information you need to understand why I think they don't work is contained within that succinct paragraph you just quoted. (I believe you'll find there is a greater number of people looking to take a leveraged position on BitShares vs. a long position on any specific asset atm over an extended period. Therefore if shorts are not forced to compete above a price feed, they will compete on how far below the peg they're willing to short which logically and imo has already been shown in practice to create assets that peg far too low. (Where it actually pegs will be a reflection/expression of the average interest rate shorts are willing to pay, but because shorts outnumber longs in the system over an extended period it actually settles/pegs around that point, rather than the actual 1-1 peg.) If you believe otherwise, there's no reason you can't campaign for BitShares to try listing one asset on BitShares without the price feed to prove/test your point.

It's ludicrous idea...short are crazy...they do not know what they are doing so they just short short short below the peg...

Several counter arguments:
-These shorts will be wrong; if the peg does not hold their (aka BTS) value will not go up...the stupid are punished by the market by taking their money...next time around they will be wiser... and in smaller number of crazie shorts btw.

-What is wrong with offering those bitUSD at a discount months and months before there is any real use for them? Nothing imho. All parties would have been made whole by now.

-Why do you think the useless tokens in the play game BTSX at the time should follow the rules for the real money of the future? Do you really think that playing poker with toothpicks teach you anything about how people behave when they play for real money?


Circular stupid argument- they will short lower and lower....BS... they will not. They expect the system to grow, this does not grow it....but if you insist they will both trust it and try to destroy it and themselves at the same time.... and act irrational go and defend it. Total BS.

I guess we have different POV. These things seem very obvious to me. I predicted the peg problems before the trading started in fact, same with the short term results of dilution. But as I said you should campaign to try an asset without a price feed in BitShares. I know your ideas & opinions command a lot of respect there and there was also a lot of interest in you being a delegate. This is something you can add to the list of ways & ideas with which you can add great value to BitShares. It might tip the scale for you.

RPC doesn't have any inflation at all, so I know it's probably not your thing anyway.

1. You do not get the main point with this suggesting for me to run just 'one asset to try it'. It does not work like it. You have to have the price of BTS dependent on the model implemented...if I have my single play bit asset it might (and I am pretty sure it will) behave the way described in the 'fail system' described by you.

2. 'I know your ideas & opinions command a lot of respect there and there was also a lot of interest in you being a delegate.'
 I do not think so...on all points in the above statement.

3.RPC doesn't have any inflation at all, so I know it's probably not your thing anyway.

That's funny. I do not like inflation, actually I dislike it far more than you...but you do like it if it is pre-determined even if it is 260% ...example - Sparkle  ;)



btw ,We took this thread well off topic, so if you want to continue arguing we can take it to whatever other venue you like, but not in this thread anymore.

Well you campaigned very strongly for adding dilution to BTSX was my point.
No I don't like the inflation model of Sparkle at all, but yes I prefer it to undefined dilution.

I agree about the arguing in this thread :)

OK, so asking the question - "Should I consider, running a delegate" is a strong campaign?
Sure it was  :), counting the people that promised to vote for me just for shutting up.  :)




Who's got undefined dilution, by your criteria?
 BTS?

 BTC dilution can change also, you know... but generally 'undefined' is a very personal definition of yours, I hope you realize it.


Back to to Rand Paul Coin:

I should have invested more, far more in it. But I do not touch Crypti anymore.
Hope ( for selfish reasons) RPCD does not start way too high,  so I can take the position I like.

Arguing in this thread is fine.

I see RPCD having a few routes to take as far as innovation. Implementing an improved bitassets would be an interesting experiment. I am also interested in keeping assets stable.

What about having to cover your positions every 30 days?  Is this useful with game-theory approach?

Gold and Silver assets should be in grams. This means 1 RandPaulGold would be 1 gram. People like their ounces but an ounce of gold is prohibitively expensive. With grams we readily have the metric system and can rain 50mg nuggets of gold for example.

Tell me if my thoughts seem mistaken.

It seems assets could be named paulGold and paulSilver. Maybe PaulGold an PaulSilver.

A gram of Gold is approximately $50
An oz of Silver is approximately $18 with a like a gram of silver being equivalent to a 50 cent piece.

Going with grams as the amount seems prudent although a Silver oz would be nice.

Yes BTS is undefined. If there is a merger opportunity or a great sharedrop programme it can change.
As BTS is marketed as a crypto-equity, it uses shares and is a competitive DAC, it's a question of how much value the move has.

Bitcoin is a crypto-currency that follows a clearly defined supply curve and is marketed as a crypto-currency.
RonPaulMoney would be a 1 million unit, no inflation ever, crypto-money or crypto-currency so they really are locked in.

So I would say Bitcoin <1% of changing dilution. RPM <0.01% once it starts. BitShares >20%.

Glad you are looking at RPCD. I find you can be quite rude but I like debates, so I don't mind arguing the points. The dev seems ok with it too.

Regards your psychology of thinking the peg will hold because the majority know that if too many of them constantly went to far below the peg it would damage the value as a whole, is not how it works in practice.
Animals wouldn't be extinct, rainforests wiped out, if humans acted for the collective good of the system. They all act in their individual short term interest. That's why we have limits on the damage individuals can do because we don't collectively act in the best interest of a system. The same is true of Bitcoin. If there's slightly more individual gain to be made joining a big pool, many will do it, even if it over-centralises Bitcoin and effects it's value. Individuals do it as they know if they don't take advantage of the edge someone else will anyway.  
So shorts need to be limited somewhere around a price feed as if it's in their individual interest to get that short position, they're not going to avoid it for the collective good of the system. Otherwise you have a wide peg that repeatedly damages the entire value of the system when it stays too far from 1-1 for too long. Consumers want a very tight peg as well.

As I predicted before trading started, which caused BitShare initial fall.


https://bitsharestalk.org/index.php?topic=7416.msg99541#msg99541


Tough one on the units. The world still uses Oz mostly for both imo but a lot of places work more in grams, e.g India. Places like GoldMoney too. Grams for gold and Oz for silver could work though. I think we'll move more to grams as they increase in value imo. Not Sure.

Also imo the brand power if you went for 'RonPaulMoney' is contained in the words 'RonPaul' vs. just Paul or Ron. So I would call them RonPaulGold and RonPaulSilver myself. If you went just RonGold or PaulGold, I would make the logo clearly show/represent Ron Paul. (Same holds true with a Rand Paul Brand, try keep the full name for advertising purposes even if exchanges need to shorten it.)

This is just an idea, not sure about it.  I was thinking crypto-currencies use 'coins' eg. LiteCoins
Crypto-equities use 'shares' eg. BitShares.
What if it a crypto-money uses 'ounces'

So there would be 1 million Oz of Ron Paul Money. It sounds substantial to own an Oz of RonPaulMoney, especially as there will only ever be a million. (If that's the starting amount you decide on.)

When you think of the demographic of Ron Paul supporters BitShares is specifically looking to target. Will they prefer BitGold backed by shares of BitShares or will they prefer RonPaulGold backed by no inflation ever, ounces of RonPaulMoney. Meh, coins might be better. Was just an idea.

Although people are used to ounces, the ounces are denominated in a currency the person is familiar with.  So anyone who knows a little about precious metals would know what gold costs per ounce in their currency. That home currency pricing is thrown out of the window and everyone uses RPCD. So perhaps an ounce is just too much and the value of familiarity is gone.

I'd like to have these ironed out before further launching. Branding has an obvious value and changing it later in the game is never a good thing. It appears Bitshares is still hurting over their late changes.

I agree. The one thing I'm personally fairly convinced about is RonPaul is an infinitely stronger brand for a no inflation money than Rand Paul. I'm also sure either is better than something that tries to do both, like a 'Rond' or a 'Paul' as it won't strongly appeal to either.

Ron Paul has an entire life of standing behind his principles, integrity and his messages about sound money, end the Fed etc. It's just unbeatable imo. The videos you could make at a later stage, about the value of unchangeable money just using clips from his interviews as a way to sell your no inflation brand is priceless.

So for me 'RonPaulSomething' with an unchangeable amount of initial coins/units is the key branding criteria.

For the rest, I prefer RonPaulAssets over anything else I've heard so far. If someone says we've got 'PaulSilver' it doesn't have value without additional marketing, but RonPaulSilver' have immediate recognition. Not very catchy though.

Somewhere between 23-51 delegates is fine, would be nice if there was a reasoning behind the number like you had for the 13 originally. Pity that I guess it needs to be an odd number as 42 is probably the perfect number. (It's the answer to the Ultimate Question of Life, the Universe, and Everything - http://en.m.wikipedia.org/wiki/Phrases_from_The_Hitchhiker%27s_Guide_to_the_Galaxy#Answer_to_the_Ultimate_Question_of_Life.2C_the_Universe.2C_and_Everything_.2842.29)

I agree, RonPaulSilver is more confidence inspiring than simply PaulSilver.

So Ron Paul Money with Rand Paul Coin as a Ron Paul Asset is a bit of a mouthful but extremely effective in demonstrating the hierarchy or organizational structure of the Ron Paul Money complete crypto ecosystem.

Since we are very early in the adoption stage of this concept, I think we need "encompassing" and "powerful" and "ground-breaking" and "timeless" over "simple" or "elegant"  or "enigmatic" or "ethereal"

So, I can sell my RPC off before they become worthless now?   Oh, and how does one get these "Rand Paul coins".

When the Rand (or Ron) Paul Money wallet comes out:

1. download and execute (install) the file
2. enter the private key of your Ron Paul wallet to obtain your Rand/Ron Paul Money
3. choose what Ron/Rand Paul Asset you want to buy with your Ron/Rand Paul Money, and trade for it within the wallet (you don't ever need to send your coins to an exchange to trade them for assets)

You can practice with BitShares currently:

http://bitshares.org/downloads/

Question (for which the obvious answer seems to be "yes"). If we have multi address wallets (which I assume a lot of people do), we will have to import the private key for each separate address, yes?

yes, I know it's a pita but it's accurate

Figured as much. That's alright though - it's gonna be worth it.

Thanks!

Very interesting project. Waiting for the wallet release...

Sorry but what? Dumping before a snapshot is expected and standard. Some people want the sharedrop, other people ride the news.

1) Snapshot announced
2) Knowing that people will want to be in on the snapshot, first people to see the announcement buy (more likely, "RPC dev buys", lol)
3) Right before the snapshot, buyers from #2 sell.

"Normal" rpc holders are not hurt because the snapshot profiteers can't sell more than they originally bought. Meanwhile normal RPC coin holders get the snapshot while the profiteers don't.


The only person who could have done something wrong is the RPCD dev, not the bts community...

I see another SCAM and I'm so sick and tired of all this!

If its a coin for the people why not just give to the people what THEY want and deserve? Stop filling up your pockets with their hard earned money!

Stop please its just destroying the Altcoin Industry!

Great, we need more people like you around here with the brains and vision to decipher this scam of Matrix proportions right in front of the face of the people:

http://www.zerohedge.com/news/2012-10-07/great-scam-americas-richest-politicians-get-richer-democrat-republican-wealth-conver

"America now has only one (political) party."

That is the main reason for the need to create Rand Paul Coin /( Ron Paul Money?)

Because what the people want (or politically say they want) is imprisonment:

http://www.zerohedge.com/news/2014-10-09/30-americans-support-property-seizure

Rand Paul Coin (or Ron Paul Money) is not for the (average) people.  It is for the Libertarians.  If our mission is a success, then what the average people will grow to want is liberty over civil forfeiture.


Yes, it happens every single time that there is a "snapshot" and has been discussed ad nauseum over in the bitshares forum.  Feel free to come over and poke around.  Be our guest:

https://bitsharestalk.org/index.php?topic=11584.msg152850#msg152850

The whole existence of the "snapshot" is a primary reason why BitShares quit doing all snapshots, and adopted the snapshotless BitShares business model.  The obvious volatility caused by the traders during new snapshots was scaring away serious investors.    

So good riddance to the horrible "snapshot" paradigm, and be glad that Rand Paul Coin has adopted the new "shapshotless BitShares business model."

In fact, it is because of this new innovation of the snapshotless Bitshares, that everyone started cloning it.  

Fact: before the snapshotless BitShares there were zero clones, and one month after the new snapshot-free BitShares there are already 4 clones that we can name off the top of our head, so the Rand Paul dev just happened to recognise that the time to start cloning bitshares has arrived.

Why is the Ron Paul community cloning BitShares?

Why doesn't the BitShares community clone Ron Paul coin?

These are the simple questions we ask prior to investing in crypto coins.  We tend to buy the coins that are actively being cloned, it's just that we happen to like Libertarianism, so we bought into this community in hopes that they are empowered by the power of Bitcoin 2.0

Why does the Rand Paul dev just want to put the snapshot behind him?

Because he has what he considers more important things to do rather than answer questions concerning the psychology of those who tade rather than invest, or any other discussion of share price that is occupying his brain when he should be

CODING OUR RAND PAUL WALLET!

We could discuss trading vs. investing for months, and launch the new Rand Paul wallet in 2017, or we could let our dev focus on getting our wallet out next week so we can resume trading our Rand Paul Coins

BUT AT TWICE THE VALUE OF WHAT THOSE SUCKERS WHO DUMPED SOLD FOR

THOSE SUCKERS LEFT MONEY ON THE TABLE!

but only if you leave our dev alone so he can fulfill his life's mission which as he tersely put it (and is located somewhere in this thread that is already way too long for me to be able to find it this year) has absolutely nothing to do with 900 page share price discussions that 99% of all other typical communities indulge in, but remain the number 1 reason why we live at the BitShares forum:

https://nxtforum.org/general-discussion/price-speculation/

Or maybe the dev took our money and is getting his girlfriend's mustache waxed, who knows.

However, all coins now have to go through at least one initial "snapshot" so take a deep breath, and be glad that it is forever over with.  Now Ron Paul Money (or Ron Paul Coin) will be able to add all future additions to the ecosystem to its bitasset chain, and not have to ever reinvent itself through primitive "snapshotting"

Yeah, everyone hates them except for the traders (obviously).  They don't have to download the wallet, wait for it to sync, add nodes, wait for confirm times, etc.  All they have to do is remember to dump them sometime before the snapshot date, hopefully at a higher price.  Why must they dump them before the snapshot date?  Because the equity gets transferred to the new coin.  From the moment the snapshot passes, the new coin's equity is illiquid, and waiting for the new wallet to be born so that it can again be traded.

Investors want to go through the the other side, traders do not.  We did not trade any Ron Paul Coins.  My libertarian hopes and dreams lie currently in crypto purgatory awaiting the dev to shit or get off the pot.  My equity and trust lies in his hands alone.  Historically, we've put such faith in Dan, and we slept good at night.


Certainly, if the Ron Paul community is capable of laughing at themselves.

No if nobody around here has a sense of humor.  And if that is the case, we will remove the kitten photo at the first request, and take my good humor elsewhere.

We would invite you to take a look at the success of dogecoin before you decide to take the "no fun allowed" stance, unless you are a competitor trying to place RandPaulCoin at a disadvantage:

https://www.youtube.com/watch?v=zdiFV-AFbBA
(2 minutes from the end)

"Fun" is a mathematically required element for crypto community success (take dogecoin for instance).  Jokes and laughing are all part of that "fun" aspect.

Since we are only involved in successful projects, then you can expect more fun and jokes and laughing out of BTSTV from here to eternity.


It's been said many, that "we (BTSTV) don't know the square root of shit"

No lies here, humiliating, maybe, so what else would you like to know?

You laugh at us, we laugh at you, is that not what best friends do.

Sorry, we're new here, and did not realize the mental scars that you guys bear.  Nothing bad ever happens in crypto:

http://www.feedworld.co.uk/images/post-images/aa/14/62562__feedworld-more-bad-news-from-mtgox-all-the-bitcoin-money-is-gone.jpg


Yet, one of our proudest moments as a Libertarian American came when we were disrespected by Don Rickles.  How many communists can say the same?

http://www.latimes.com/includes/projects/hollywood/portraits/don_rickles.jpg


We've been telling those guys to put that exact quote on a T-Shirt forever.  The political spokesman for BitShares is a little different from that of Ron Paul Coin, so we can see why there may be some differences here, it's just that we are a little more silent at bitshares for more obvious reasons:

https://bitsharestalk.org/index.php?topic=3770.0

We know that our Days are numbered, so we live each one to their funnest fullest.  We are just not used to the posh protections of Capital hill, so forgive my brethren if we come off at first as a little unrefined and gorilla-like, it's just that we are obviously more guerilla-like than most crypto-communities for a reason.  We have hard emotional shells due to the constant repression and literal head-hunters we face.

That is why we invented the worlds first figurative headhunter coin (we are a product of our environment, and our environment is not filled with fine meals and nice suits):


Now we're sorry to disappoint all you POW miners who think that the gold rush can last forever, but consolidation of the mining industry has ended the prior chapter in Bitcoin 1.0

Did the California gold rush continue indefinitely?  No, it experienced diminishing returns.  The days of mininig hundreds of bitcoins on your PC are over, and we're already over it.  The next generation of PC mining will be performed by those who can also add value to the system that they are mining for.  

Rand Paul Coin miners will need to show the Ron Paul Coin holders that they are working hard for their coins that they are mining.  The low hanging fruit of the crypto gold rush has been plucked, now it gets tougher.  This is the second level.  Miners need to work harder to thrive since the competition has just become more intense.  Thank you for tuning into BTSTV, stay tuned for more tips on how to thrive in the Bitcoin environment in 2015.

We know that the Ron Paul community has done wonders for freedom, but what has "Ron Paul Coin" done for us lately.  We're not simply trying to occupy Wall St over at BitShares:

https://c1.staticflickr.com/7/6116/6232947442_3f8ec1a28f.jpg

https://i.imgur.com/CAIsgxG.jpg

Personally, we're sorry, if we offended anyone.  we was joking (bad habit), we will take the cute kitten photo down if you want.  If this coin is a failure, you can point to this thread and the joke will be on me because we are now a huge RandPaulCoin "bagholder."  I just prefer to not complain about math concepts like "gravity," relativity," or "snapshotting"

Because, you see man, after 3 or 4 of these "snapshots" now, they get rather predictable to the general trading public.  Don't ignore history: BitShares snapshot

1. Public announcement of snapshot date.

2. Investors purchase shares and download the wallet, and send them to the wallet.

3. Traders purchase shares knowing that they must dump prior to snapshot.

4. Those who hold through the snapshot know for a fact that the price will drop just prior to the snapshot time due to traders

And for the record, we love Ron Paul as a politician despite his poor sense of humor:

https://www.youtube.com/watch?v=yOEJGKusJb8

And actually, we have something in common, we hate those vulgar assholes over at BitShares, why do you think that we am joining the Rand Paul Team (whom is BitShares's most feared competitor currenlty) (BitShares fork = Bizarro Superman = basically a competitive enemy that the worlds strongest man is mathematically incapable of defeating).  

If you want, we will channel this current thread vibe into a vessel of vile hatred that we will spew at the evil BitShares community.  They will learn not to mess with the Pauls!  We have been player hating those greedy rich BitShare bastards for months now, openly, and publicallly:  


Here is how we treat random big shots in the current field of crypto who come to help the BitShares community (we make them run away!):


So your current marketing is spot on with your negative T-Shirt campaign against the BitShares community, however, we would go just a bit further:

BitShares T - Fuck those fucking fuckers

Maybe then, we could get some real publicity around here, eh mate?

:)

Tell ya what, when the first bitBeer asset is invented next year, we will buy you one.

So you see, everything is going according to plan.  Take a step back, look around you, breathe a sigh of relief.. If you are watching BTSTV, then you are watching the future in 20/20.

Now whomever expected to sell their Ron Paul Coins at pre-snapshot levels after the snapshot time should erase their old posts now that this basic crypto 101 math lesson is complete if understood.  Please do this so that we can make some room around here for the superhero devs whom we plan to welcome here as they begin arriving here at our Hall of Justice (this thread) hopefully soon.

Thank you.

Also, to any of you who posted "scam" posts please remove those too, because if it is a scam, then it is on us, and we are already cool with it, so please just humor us.

If, however, this is not a scam, then here is your future:

https://www.youtube.com/watch?annotation_id=annotation_2387435859&feature=iv&src_vid=oblnNd73qGo&v=iVJYS1L1snA  

peace bro, and teaching, and learning, and freedom too while we're at it.  Why not?

That’s the thing man.  we are not devs, and we have no clue who the devs of this coin are.  We only know that the devs of the coin being copied are magicians.  But for all we know, the guy doing the snapshot here could very well be the trader who dumped the 13,000 RPC and is half way to Dairy Queen by now.  We have no clue if he has the brains or balls necessary to carry out this awesome idea.  We're gambling on the fact that this idea is so good (BitShares sharedrop to Ron Paul Coin/Bitcoin/Dogecoin), that if he does not do it then some other crypto nerd will.  And whoever pulls it off will be a hero.  We don't know or care who that is, we are just the film crew here.  The devs and community organizers are the stars of this show.  So buy a ticket, or sit silently and watch, but its starting to get real.  Last month there were zero BitShares clones, now there are several.  Why?  One word:

Litecoin

We took the hit on the RPC share price and now we can only hope that our dev incorporates the incredible features of BitShares into your pro-Libertarian format.
  
We don’t care about the share price, we just want to watch the next episode on BTSTV:

Deep voice: “A new Ron Paul Coin is born.  A coin that is far more powerful than Bitcoin itself.  A coin that will turn the world upside down and be responsible for electing the first Third Party American President since the Taylor administration almost 200 yrs ago.”

Not that your current Ron Paul Coin is not capable of positive change.  It’s just that once you see what this upgrade is capable of, then we don’t think that you will be driving around your old RPC very often.  Your upgraded RPC can not only perform all the functions of your current RPC, but it can utilize the power of Satoshi’s blockchain invention to orchestrate a 100% incorruptible vote:

Don’t you wonder what the real tally of yesterday’s vote was?
http://www.zerohedge.com/news/2014-11-30/swiss-gold-referendum-fails-78-vote-against-protecting-countrys-wealth

Or what was the real score of this old vote?
http://terrifictop10.files.wordpress.com/2012/11/election-of-2000.jpg

Imagine if the Florida voting apparatus was as efficient and secure as Bitcoin.

And of course, imagine how many votes did this guy actually get when he ran for president:
http://marketsanity.com/wp-content/uploads/2014/09/audit-the-fed.jpg

So you see;  your new and improved (infused with BitShares Vote) Ron Paul Coin (Ron Paul Money/Rand Paul Coin) now has much more capability than your old Ron Paul Coin.  It also has more features than Bitcoin and the clones.

Can you vote on who you want to mine your coins if you own Bitcoins or Ron Paul Coins?  Do you know how many different people are successfully mining your coin? Do you think that Bitcoin owners would vote for only 2 or 4 centralized miners?

Well, by owning Bitcoin, and not Rand Paul Coin, they basically are.

Do you know what it means to "vote with your dollar"?

If you buy your girlfriend Avon makeup, then you directly caused this:

http://www.animal-rights-action.com/images/animal-experimentation-rabbit-draize-eye-irritacy-tests.jpg

If you buy your girlfriend makeup that has this symbol on it:

http://www.hippyshopper.com/BUAV%20Approved%20Leaping%20Bunny%20Logo.jpg

Then you are not a bunny blinder.

That is basic economics.

The advanced economics lesson is this:

If you buy bitcoins, then you are supporting this dude's quest to warm the planet:

http://a-dc.org/blog/MegaBitPowerCarlson.jpg

Where, if you had bought Ron Paul Money (Rand Paul Coin), then you support miners who have similar interests to you.  They might be environmentalists, political activists, scientists, marketers, poacher poachers, whatever.  The bottom line is that you determine who lives and dies because you are already filthy rich on the global environmental scale.

Who will the Ron Paul community kill.  Whom will they support.  We can't wait to find out in the next episode of Bitcoin 2.0.  We already know the ending of the prior episode (Bitcoin 1.0) = The bitcoin owners supported 4 miners who completely centralized the mining which spawned Ripple (the completely centralized version of Ron Paul Money (Rand Paul Coin) with less features).

In the next episode, we picture the Ron Paul Coin community voting for at least 3 miners because historically, you have displayed an active appreciation of tri-decentralized power  in American Politics).  Ron Paul Money (Rand Paul Coin) allows its owners to vote on who gets to mine new Ron Paul Money (Rands).  And that is just the tip.  

Do you think that the Ron Paul community would support blockchain based voting for Political offices such as the POTUS?

We do too, so we sure hope that our dev does his deed.  But if he doesn’t, we won’t sweat it because we have seen how the Ron Paul Coin community handles abandonment (that required Ron Paul Wallet 2.0 to save the day).  Your refusal to take it up d’ass quietly is exactly why we bought into your community (figuratively speaking, not another Borat reference).  

The Ron Paul Coin community persists under adversity, and if our new dev deviates from his self-proclaimed “soul purpose in life,” then so be it.  We know that the Ron Paul community will persist, and continue striving to survive.  You guys kept a weak little bitcoin baby clone alive in Zombieland!  

https://bitcointalk.org/index.php?topic=588413.0

Meaning: You guys kept your wallet alive and functioning while ZombieCoin, GoldCoin, DodoCoin, KarpelesCoin, Scamcoin, SiliconValleyCoin, Supercoin, SlothCoin, Teslacoin, Vampirecoin, UFOcoin, WikiCoin, Alphacoin, PatriotCoin, and even American Coin succumbed to the mind numbing mainstream Bitcoin community.  

Why would anybody attempt to preserve their wealth in BBQ coin or other Junkcoins?  They are just bitcoin clones with only a couple successful miners.

Why would anybody attempt to preserve their wealth in Feathercoin, Maxcoin, Dogecoin or Ron Paul Coin?  They are just simple bitcoin clones too.  The answer is because those communities still have people that are there for a purpose other than to simply speculate and try to get rich quick.  These communities are not full of mainstream people.  They represent a specific unified group of people who share the same values.  You want a coin backed by gold?  You got it.  
You want a coin backed by silver?  

Done.

What else do you want?

Here is a recent quote from the Rand man himself: “I was looking more at it until that recent thing. And actually my theory, if I were setting it up, I’d make it exchangeable for stock. And then it’d have real value. And I’d have it pegged, and I’d have a basket of 10 big retailers. Because I read [Marc] Andreessen’s article a couple months ago. What fascinated me about it was those 2 to 3% margins. If you multiply that out for all of Wal-Mart (WMT) and they don’t have to use Visa anymore, I’m guessing the people who have to be worried here are Visa (V) and Mastercard (MA). I think it would work, but I think, because I’m sort of a believer in currency having value, if you’re going to create a currency, have it backed up,”.

Done Rand man, now what are you going to do next?  BTSTV viewers are anxiously awaiting that answer?!

The genie is out of the bottle and granting wishes for those who ask.

So you might as well dream big.  Here is what one of the pages in your new wallet looks like when you trade Ron Paul Assets (like Gold or stocks) within the client itself! (you don't have to go to MtGox or Poloniex or MintPal to trust them with your crypto trades ever again)

https://ip.bitcointalk.org/?u=http%3A%2F%2Fbitshares.org%2FMarketScreenShot.png&t=546&c=Mow2Tx5VGzIMYg

So now you guys are cooking with Bitcoin 2.0 technilogy, and the world will never look the same because you can now see the big picture:

Bitcoin is for the average Joe (majority)

Ripple is for the “Type A”  personalities who were using bitcoin so much that they started Bitcoin 2.0 with a completely centralized blockchain.  They simply looked at the bitcoin mining centralization trend and extrapolated it to its logical conclusion: BigBrotherCoin.

NXT is for the Trekkies who are smarter than the average Bitcoiner because they got an “A” on their Bitcoin 2.0 test and are not cool supporting BigBrotherCoin

BitShare savants are already working on Bitcoin 3.0, but never really cared to tell anyone last year when they started their Bitcoin 2.0 project.  They care not for marketing because they are autistic geniuses who can name every star in the universe in the order in which it was formed, but can’t remember to zip up after hitting the can.  These guys are planning on solving the “free energy” problem after they complete the BitShares project (SchlonGoin or something, the name escapes me).

Dogecoins are for the hippies and hipsters in the Occupy Wall St photo I posted earlier.

Counterparty is for the martyr extremists whom obviously can’t be present when the time comes for the Libertarian fight for freedom.

http://images.alarabiya.net/6e/e8/640x392_20170_189638.jpg
 
Ron Paul Coins are for the “Occupy Washington crowd (we will not be distracted by bread and circuses, and above all we know where to hold our protest)”

Frankly, we like filming your crowd the best, because the BitShares guys are shy, and afraid of openly supporting a third party politician.  You see, their ultimate goal is to be BitCoin 2.0 (average Joe’s Bitcoin 2.0 solution).  

Now there are 2 ways to attempt to get the Average Joe using BitShares.

Method 1. Teach them – This is what the Bitcoin community has chosen to try to do

Method 2. Give them (Bitcoin and Dogecoin kids) BitShares – This is what you just did (or what our Ron Paul $ dev says he is going to try to do).  

The Ron Paul Coin community is actually well positioned to utilize the immense power of Bitcoin 2.0 disruptively.  Bitcoin Average Joes could care less about creating social change, or at least the radical type of change that Ron Paul envisions (Libertarian President? waaaat???).  But if the Bitcoin Average Joes cared more, and got behind BitShares (in the form of Ron Paul $), then your community would now be in control of the most powerful crypto death ray in the world!  Because the Average Joes are powerful when united, and super cool when united under Libertarianism.  
BitCoin 1.0 disrupted Western Union and money transmitters.

Ron Paul Money is going to disrupt the entire primitive trading and security paradigm, and it has the potential to disrupt our political system even more.  And what better communities’ hands to place this new-fangled death ray gizmo into than yours.

No, BTSTV is not a dev.  We’re not even in tech support here.  We’re in sales.  We are the ones who are going to show you how to operate this nuclear device.  We did not create the operations manual.  We just had to memorize it so that now we can teach you how to use it, and what you can use it for.  We are going to film you turning it on and taking it for the first spin.  The footage is going to be epic.  We just want some hits:

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

You just purchased our rocket ship, and we are just showing you the features like hot and cold showers, 17 subwoofer surround sound (BitShares Music), auto-lock security (cold wallets), identity cloaking (TITAN), hyper-drive, etc (10 sec block times).

We heard that Bitcoin was going to inspire a revolution.  And history has proven that revolutions only occur when people demand liberty.  So we came here to the land of the Libertarians with cameras rolling and waiting for it.  Well it seems that contrary to popular belief, the revolution will indeed be televised, here at the Ron Paul Community on BTSTV.

“Aynnnnnnnnd ACTION!”

https://www.youtube.com/watch?v=TEfK-3Lwph0
and the beat goes on

Fun read  :D

I had to quit 1/3rd of the way.  Gotta get some sleep.  One thing I can say though...is that I LOVE snapshotting btstv.  I think it is a great, interesting and new mechanism for distribution that allows Devs the ability to honor coins based on their meanings, communities and awesome devs...or any other number of awesome things.  Sharedropping is by far not over.  I guarantee that ;)

Good for you, we hate it.  What we do love is living our life in our new Bitcoin 2.0 starship.

We were riding in a bitcoinmobile, but it was so slow, and boring.  Storing coins offline, however, was a great invention by Satoshi.  Then Invictus came along and transformed the Satoshi Model-T into a Ferrari, and check out how many consecutive doughnuts we spun in a row this morning:


Allow me to conversate with you:

BTSYV: We own bitshares, and we are voting for the first 101 people who post in that thread.  
You: What do you win if you are voted in?

BTSTV: You get to be a BitShares miner at full delegate pay.

You:  How much is full delegate pay?

BTSTV: currently about $3k/month.

You: What if the price of BitShares goes back up to where it peaked last quarter?

BTSTV: Then you will be bringing in $10,000 per month.

You: Just for mining BitShares?

BTSTV: Yeah, but you probably will need to convince others to vote for you, or offer to mine for
less pay at first until everyone gets to know you.  But once they all see how cool you are, then I’m
sure that they would give you a pay raise.  Basically, you are paid in BitShares.

You: But if all 101 miners are making $10,000 per month and dumping them on the open market, then won’t that cause the price of BitShares to decrease?

BTSTV: Not anymore than with  bitcoin because the inflation rate is less than bitcoin’s even at full dilution

You: What else can I do with BitShares?

BTSTV: You can do what we just did and sell them for dollars inside the client software.  If the BitShare price rises, and you want to lock in your profits, you can sell them for dollars (and soon gold or oil or stocks).

You: So what. I can already do that on Cryptsy

BTSTV: Yeah, and also on MtGox, MintPal and those other exchanges that took people’s money.

You: Cool, what else can it do?

BTSTV: Well the next version has escorow and multisig, and a bunch of other nerdy stuff … I’m bored, lesson’s over kid, go to their forum and learn for yourself.
You: should I buy some BitShares

BTSTV:  Hell no man! I’m still accumulating, wait until early 2015 after the new wallet/marketing push happens, otherwise my orders will never get filled:
So the bottom line is this Ferrari works as advertised (Bitcoin that you can buy and sell directly on the blockchain in 10 seconds not 20 minutes, and never worry about BigVern getting hacked).
I’m just a dropout who bought into bitcoin when it hit $1000 because I was asleep.  I was definitely late to the crypto party.  But I saw the revolution for what it was.  And the future of BitShares goes beyond simple asset hedging of your bitcoins, it allows you to vote for your miners, and your government officials in a 100% perfectly accurate manner.

What is that worth to the Libertarian community?

By giving this power to the Libertarian community, we are forcing ourselves to modify the words of our theme song to: moneypowerwomendrugsliberty

https://www.youtube.com/watch?annotation_id=annotation_2387435859&feature=iv&src_vid=oblnNd73qGo&v=iVJYS1L1snA

"That’s the thing man.  we are not devs, and we have no clue who the devs of this coin are.  We only know that the devs of the coin being copied are magicians.  But for all we know, the guy doing the snapshot here could very well be the trader who dumped the 13,000 RPC and is half way to Dairy Queen by now.  "

Magicians? Well, hopefully this is legit and not another trick.

Yes. This is a security issue where the unfortunate aspect is trusting that compiled binaries don't steal data. Or you can compile the code yourself and examine it.

People need to understand and be aware of what exposing your private keys means. Also understand that it isn't just about importing your private keys. It is giving binaries access to where your Bitcoin wallet. Always be skeptical about doing this.

There is talk about signing of messages being implemented to redeem (claim) sharedropped funds. If something like this is feasible upon final release we will try to incorporate it.

RPCD dev needs to pay expenses to help this coin succeed. It should be obvious what happened.

The one(s) who were hurt the most are the people running bots and having no clue whatsoever why the market was moving. They were given ample opportunity to take down their buy orders. Not only in this thread, but I reached out to the RPC thread which is the only live RPC community left.

Whoever dumped those coins obviously has an interest in RPCD and not in manipulating RPC. It should only be viewed as a good sign to those buying for the snapshot. 

I really did not spend that much time buying up coins. Leading up to the announcement I took a few plunges over the spread. Given my dedication to this coin - my financial interests would have been much better served installing a bot and buying more RPC. The accusations are impossible to duck because there is no level of feasible transparency to prove anything.

Status update -

I have been busy with some other-worldly requests. They will be dispatched with soon and I will be 100% focused on RPCD.

Ok these are just my thoughts (ie likely to be implemented)

Changing from RPCD to RPM (RandPaulCoinDeflationary vs RandPaulMoney).

Why?

Coin is played out. Money is more direct and fits better semantically.
Rand Paul is unfortunately not vetted on how he holds to principles. This is a concern of mine. Let me just say he obviously isn't Ron. Yet that is also why he might be elected. So rebranding is not clear to me. One thing is certain - we are early into this so if it is to happen - now is the time.

RPM simply sounds cool. Last I checked no other coin is using it.

There is concern on what we lose with the word deflationary. Deflationary might be a word that really grabs people's attention and points out to how we are distinctly different from most all other coins. Everyone knows what inflation is so even if they are not familiar with the word deflation it is obvious.

On top of that, we will have some voting system variant that funnels money into donations. I don't think it can be all or nothing. I might consider enacting 3 donation addresses that are given proportional to how people vote.
 This is such a complicated topic on relating votes -> donations of BTC addresses. I would rather not point directly to a political candidate and have

Bitcoin inflates to pay for security <
Bitshares pays for development by less inflation than BTC <
Optimality by agreeing to social consensus and leveraging Bitshares.

What if Rand is not elected? Ron Paul will die with his principles intact and thus RPM is a name that will mean something forever! As long as man is alive Ron Paul will be remembered for standing his ground against the sicknesses that made the greatest country so great. Rand's reputation will depend on how far he makes it through the primaries and on to Presidency. Therefore RPM seems to be a better name for a currency that is really striving to bring longterm value. Who disagrees?  Why, please?

What about the idea of RPCDs ? (Rand Paul Coin Deflationary) Rand Paul Coins will be issued as assets. RPC would lead to confusion but with RPCD I am not sure that an asset can still be deflationary without significant work. So it will likely be RANDPC.  

RANDPC will be distributed as 1 RANDPC per 1 RPM . This might be done at a later stage as a hard-fork.  It might be relatively easy with a functional layer and utilize the same sharedrop data. If anyone has a clever idea what to do with this asset please step right up!

Number of Delegates

It seems that changing the number of delegates mid-chain is untested ground. My thoughts on best current approach would be to change the delegate number to ~29 and request that all delegate's run multiple keys and then slowly give up their second+ delegate as the community and market cap expands. It appears we can run as multiple delegates from one server process.

Alternatively - I may just go with 101 delegates and write a tool to import and create multiple keys. If we publish instructions on this extra complexity should not be an issue. One of the highest priority goals here is to minimize changes to Bitshares codebase so that we can continue to utilize the rapid innovation brought and bought by their inflating coin without minimal developer overhead. This means all the functional value of Bitshares but without paying for it via inflation.

Conclusion and warm regards

Those are the only 2 changes from previous plan revisions that I know. It would be nice to hear any last thoughts on the name. I will be making a poll in a different area of Bitcointalk about the 2 names and unless shown demand otherwise I will proceed with the above RPM change.

Personally I would like to just claim to be a good custodian of this currency.  A lot of my experience in development has been taking large existing projects and hacking away at them until they are twisted into my desires. In this regard there have been no promises that can not be met. The main value I will add is the deflationary aspect where there can be no inflation. That is the social contract between anyone who uses this coin. Never will we inflate the money supply or vote to allow a hard fork that does.

I am not personally against the approach of Bitshares - mad love and props for what the Bitshares team has delivered.  We as a community just wish for a currency that will never inflate. Yes that is right. never inflate never inflate never inflate never inflate never inflate

RPM can list future smart-contracts because that is latest buzzword while still having more legitimacy behind this claim than 99%+ of most altcoins. Bitshares has delivered and we are going to use their tech 101% to the maximum potential.

Perhaps I should have hyped this more but too late. If you aren't a Bitshares user you have no idea what cool and powerful features this currency will have.

If anyone feels inspired to help me whip up a social consensus it would be most considerate. It is not a contract because the word contract has some ability to conjure up magical law powers that we must all abide by. It is a consensus that we as a community agree to and what we stand for. Nothing more!

Signed messaging would be far more acceptable, if possible. Not that we're paranoid or anyth... scratch that. I am.   ;D

Marketing Move of the Millenium
Of course the dev needs to get paid, I'm just glad you came back, and I sure as hell hope that you would have some skin in this game.  I sold my RPC's immediately after the dump assuming that it was the dev dumping.  If he was not the big dumper, then I just lost all my Rand Paul Money because I waited for the dump before going back to DPOS.  How the hell do I deserve to make more money than him in his venture anyway?  Anybody who bitches here has to explain that question first or you are a penocha.  I'm the leach, he is my slave.  I don't do shit but throw shit at him, yet he is free to leave my captivity anytime.  Jesuschrist, it's not like I had my life's savings invested in RPC.  We all know what this really is, so no bitching about losses.  No crying at the poker table, this is a man's game in the fukkin wild west dig?.  Anybody could have bought this coin cheaper than it is today back in September, so get off it and take your sad ass out of here.  

Any talk of the share price will be looked upon as personal weakness.

We have a tough job ahead of us, a battle if you will, and only men are aloud (and strong women).  This is now a place of business.  This is not kiddie coin, it's more like Sparta!

Bitcoin has a Litecoin, but BitShares doesn't yet.  Ron Paul Money would make a fine compliment to BitShares, and the voting donations idea sounds superb.  There are several other coins trying to become the "LiteShares" to "BitShares,"  so we need complete and utter focus from here on out.  This is a game.  A game of death.  And the enemy is immensely stronger than we are, but we have a secret weapon of magical power.

http://www.quotessays.com/images/advanced-technology-quotes-2.jpg


shit, I'd take 10% focussed, just don't ditch us.  BitShares will launch a new update at longer and longer intervals.  It will only get easier.

Who says you have to "lose the word" deflationary

You can say it all you want in the interviews.

Them: What is Ron Paul Money

You: It is like Bitcoin, only deflationary, instead of inflationary, plus you can purchase derivatives with it on the client software using it as collateral.....

It's still there.  I don't get it.


Of course you had to differentiate the VOTE aspect from BitShares, this is your number 2 selling point (behind deflationary derivative trading bitcoin)


(snifff snifff)....(tear)

I love you man

You can't beat it.


You are the coder, what is "tough" for you is impossible in 3 lifetimes for me.

This thing is so over-designed for ease of forking out a bad actor if it were to be attacked that you could probably do whatever, but changing the number of delegates in mid stream does sound tricky, and has never been discussed at the BitShares forum.  They just ran some tests, and chose 101 delegates.  I'm pretty stupid on this, but my gut thinks that 13 may be too low
[/quote]

You certainly sound like the man

VERY happy to see the dev post. :)

Anyway, no problem with devs making a profit. Love the idea here and glad it appears to be real. (That running off to dairy queen comment started to get me paranoid)

Rand Paul Money, RPM, sounds good.

Thank you for your input and support BTW.

I really want to vet these ideas.

Unfortunately we are currently illiquid so trying to get people involved at this time is a difficult task. So if no one speaks up against RPM we will proceed with that and forgo any further community input.

The idea of RandPaulCoin as a sharedropped asset on RPM is interesting. I'd like to have more ideas of what we could do with RandPaulCoin outside of getting it listed on exchanges.

edit - Ouch! I missed that you said Rand Paul Money. So you think the Rand Paul is still better than Ron Paul to base the name of the coin around? It is nice to have a new novel name.

I really just want to capture libertarianism, anti-inflation, and a politician supporting these ideas. The problem is I also want this to be at least considered by people to be a long term coin. Whether that happens is a different story and requires capturing a network effect.

So long as it's rEVOLution-ary...   ;)

It is a fact that I expect to spend 40 hours a week until my head is wrapped around the Bitshares code. It really should not take much effort to get a test chain up and running. I did not mean to imply I was working on this 40 hours forever.

I agree but it is not in the name anymore. You don't see Deflationary when you are viewing the coin in a list alongside other coins. That is something that BOOM stands out. We will see deflation widespread with time but for now it is rare.


Thanks!

The only code that will need to be written is feeds for Silver and Gold. I will need to inspect where different prices originate from different market makers. That sort of thing is simple and the only concern is having the IP address of a delegate blacklisted. Someone may have already written these pricefeed scripts.

RonPaulGold  backed by RonPaulMoney backed by state of the art blockchain technology.  All this brought to you by Bitshares by way of Bitcoin !

New BitShares PTS devs seem to have a solution here (https://bitsharestalk.org/index.php?topic=11980.0),

Yeah, I think he meant "Ron" Paul Money since he said "Money" instead of "Coin"

So, I'm going with typing error, because nobody in 10 pages of thread has put those 3 words together in that specific order.


I see what you are saying, you want to use "Deflationary" as a brand.

That's actually a brilliant idea.

"Ron Paul Deflationary Money"

Ron Paul Money is already 2 syllables longer than BitShares so we will never win any "short, cute, hip, and catchy" "brand name" marketing battles with BitShares.  We might not be as hip as Dogecoin, but a basic law of marketing states that if you deciding to chose the "short, hip, and catchy" brand route like "BitShares," then you will forever have to lug around the ball and chain of ambiguity.  "Dogecoin," "Bitcoin," and "BitShares are forever ambiguous to the uninitiated.  Have you ever tried explaining bitcoin to someone?  Try ethereum or BitShares, it's impossible because after you say:

Today, Billy, we will be learning about "Ethereum", Billy says "wowwwwwwwwwwwwww, it sounds like space milk!"  Then you have to say, "no, no Billy, it is sound money.  And right there, we lose little Billy, because outer space is way more exciting to dream about than money.

"BitShares" (and most short and hip brand names are meant to be exclusive because those who are in the know are hip, so it is a marketing by exclusion angle that is pompous by nature) could mean anything to the uninitiated, and we must therefore be the opposite.  Taking the opposite route by being honest, transparent, and not excluding the uninitiated, gives a sense of trust in the name alone.  In other words, we are being up front with our customers, by trying to expose as much of ourselves in the most effective manner.

Because BitShares and Dogecoin chose "hip" brand names, then they also have to take, not only the untrustworthy douchebag (I know something that you don't ha ha) baggage, but they have to take the "ambiguous" ball and chain as well.  Ambiguous is different than untrustworthy, because it means that not only does your customer not trust you initially, but he has to learn the punchline to your inside joke as well.  I know because I've lived this for the past year.

Therefore we must expose this weakness of "too hip for you ambiguity" that BitShares/Dogecoin has, and proceed with our "clear and all encompassing" brand name.

Exposing your opponent's weakness is basic common sense, and effective strategy.

When you hear "Ron Paul Deflationary Money" you know exactly what it is, and have a secure, stable, and strong reference point to lay a foundation of understanding upon from a new user point of view.  You automatically take whatever understanding of "sound money" concept they have and explain more from there.

When explaining the esoteric "BitShares" or "Ethereum" or "Bitcoin" to people, their minds first jump to Jupiter, then you have to bring them all the way back to earth in the next sentence when you try to tell them that you are simply talking about "sound money"

You must see the genius here, it is your genius at work, I'm just reaffirming your genius, because I've been struggling to get people to understand "BitShit" for over a year, and I would love the chance to explain "Ron Paul Deflationary Money" to someone, it would be millions of brain cells easier because you already have  frame of reference and understanding with the user after you lay the brand on him.

It is a unique strategy in explaining/branding (being the same thing) cryptocurrency (just like you admit that "nobody is using "money") today.  It's not only a revolutionary tech, it's a revolutionary crypto marketing angle!

Nobody in crypto had the ballz to use the word "money" as a brand for fear of gov intervention (let alone the "deflationary" brand of money)(dude, u r d shiz), but the altcoin craze started and got huge before the irs legalized bitcoin.  But every copycat coin kept right on copying the no ballz and no "money" branding strategy that Bitcoin coined and Dogecoin made famous.  

Lets preach this: Bitcoin 1.0, the catchier the name the bigger the scam.  Bitcoin 2.0 - explaining crypto technology that you can use.

When you ask someone "what is BitShares", they initially (and always, because only 1 man really knows the answer) get the question wrong initially, so when you go on to the next question, "what is money?" and they don't know that either, you say "you don't know what sound money is either, stupid?" and you are pissing them off by that point.

You will never know what BitShares is after learning only one concept.  So the customer has to overcome failure (of getting the opening question horribly wrong), and still want to learn about it.  It is hard to get them to do.  

But people will have a much better idea of what Ron Paul Deflationary Money is after only hearing it spoken, and learning one additional concept (whatever that is that helps them grasp the whole).

Your "brand name" is your syllabus or instruction manual to teaching them the coin.

You say the name, and then they ask you to clarify one of many aspects: money, crypto, deflationary (whatever they are stuck on at the time).  You unstick those concepts, and then they have it.

If you start out with "what is sound money?" then they will at least give you their attention for one learning lesson, then when they learn the simpler concept of money, they feel smart, then they will be encouraged to learn more, and then you teach them another simple lesson.  Baby steps, never stumbling

"Yeah, you got the sound money question correct, what's next?"

Instead of:

You: What is BitShares?

Them: "I don't know"

You:"Wrong" BitShares is sound money. What is sound money?

Them: "I dont know"

You: "Wrong".....

By that point, they are like, "who is this doosh"

I know because I am that doosh!

https://www.youtube.com/watch?v=6sdVx5gQz6w

Our opponent’s weakness must become our strength, and there is no better way to expose this weakness than to name this coin exactly what it does.  BitShares suffers from lack of adoption due to it being too difficult to explain.  We must fight to make our coin clear right from the title and we will not only differentiate ourselves from BitShares, but we will differentiate ourself from all crypto including bitcoin as well.

You are a genius.

Ron Paul Deflationary Money

I take back what I said about you earlier:


"Ron Paul Deflationary Money" is pure market branding genius.

Crypto is having a marketing crisis currently, and what we will do is choose something simple like "just saying what the product does!

"Why no one's ever tried that!"
https://www.youtube.com/watch?v=VwDUzSWoCjo

It's genius ala Jim Henson

They say that you must choose your battles, and this is an excellent strategic tactic in this marketing war.

So in essence we are turning the "battle of the brands" into a "teach our customers about DPOS" fight/opportunity.  And after hearing the name brand "Ron Paul Deflationary Money" you already know exactly what it does.  What more do you need to say after that.

"BitShares" went with simple and ambiguous, therefore, we would be most successful (in differentiating ourselves from BitShares) by going as far as we can go in the polar opposite direction.  You have vision, man, I salute you.

3 Cheers For :

Ron Paul Deflatinoary Money


Ron Paul Deflatinoary Money


Ron Paul Deflatinoary Money

It's like you are writing a song and are Bob f'n dylan

You've said 'Rand Paul Money' there but you actually mean you're leaning to 'Ron Paul Money' right? - I'm way more in favour of Ron, so great if that's the case.

Any general timeline in mind? I see PTS is also becoming a no inflation DPOS, so there will be some competition though they don't have plans to try pegged assets at the current time & Ron Paul Money is a stronger brand.

Yeah, I'm pretty sure he means Ron Paul, and he said that he hates to lose the word "deflation" so I think he wants to go with:

Ron Paul Deflationary Money

So that people will have more of an idea of what it is than if we named it something ambiguous like
Bitshares, bitcoin, or ethereum.

PTS is a zero inflation DPOS but it would become deflationary when delegates start using burn-rate pay.  See http://pts.cubeconnex.com/index.php?topic=43.0

PTS is complementary to RPCD (RPM?) and other coins based on DPOS.  PTS devs are happy to work with and help coin devs who base their coin on the agnostic PTS DPOS and its snapshot.

Christmas is about to be over. We're ready to move forward.

I apologize for dropping this thread but I had no responses outside of "wait". Since no one invested money outside of purchasing RPC, it was not felt that apologies and/or excuses were owed. With POS and sharedropping weeks notice needs to be given so that a reasonable market can be found. Given all the scams etc we gave more than reasonable time.

We are not too late !  Not much has changed except our codebase (Bitshares) has grown stronger and the RP? developer (me) has bought more time by personal fiat financing outside of the project.

The goal is to minimize friction relative to BTS on every level of this project while also leveraging every feature Dan Larimer and team has brought us.

So that leads to a problem. Bitshares stills appear to be in a beta mode. This gives us issues on choosing the appropriate release version.

Regardless! my current job is to get a legitimate genesis block and a few testnets iterations until a stable release is found.

Most likely the first testnets will utilize AGS/PTS/RPC. BTC/DOGE will be left out in the first testnets.

Merry Christmas everyone !

Don't worry, the devs at BitShares are still working on the next release which is going to have several major milestones.  It will probably come out sometime in the next couple weeks.  No use wasting time wrenching on the last release.

Relax, and enjoy the holidays!

Ok this project has been resumed.

C++ code given by FreeTrade is now going to be used to generate the genesis block. The previous method used RPC calls and a database. That method is fine, but I am slightly more comfortable with C++ code and writing everything into memory which is then dumped at the end of the process. No recreating of intermediate databases and only one bit of code needs to be debugged.

Unfortunately it still doesn't work like it should. Ron Paul Coin appears to be a Litecoin fork but there is some issue with the code segfaulting on blocks with multiple transactions. It shouldn't be a big issue to fix.

I am still not 100% fulltime on this project but I will be by the New Year and will remain full time until we have a working testnet with all the promised sharedrops.

Roadmap -

1) Get a testnet going with a sharedrop to Ron Paul Coin. We will likely make test stakes available to anyone requesting one. I will likely generate a set of keys to put in the testnet's genesis block and then hand out the private key in PMs so anyone who doesn't have a stake can participate if they desire.

2) Add PTS/AGS snapshots for later testnets.

3) Then BTC and Doge. I am still considering different approaches with Doge and BTC. We can't just drop every account as the smaller amounts will not be worth the blockchain overhead. The smaller balances will also not be worth the time to redeem. The larger accounts aren't needed as they are either not owned by individuals or the owner is wealthy enough to buy in directly.

4) Once this is happy and we've hopefully built out something of a community we will release the official testnet. This will also coincide with the final brand decision. It will be something discussed here. Libertarian leaning and based on Ron or Rand!

Happy Holidays everyone and sorry for the delays. This will help us in the long run as I have freed up more time to work on this. Personally I am excited and would have much rather been working on this than other things. I hope I am able to grab the momentum we had early on. 35k page views. Just wow!

Sounds great, glad you're back.

For part 3), you should talk to FreeTrade about how he did his BTC sharedrop for LottoShares. Instead of sharedropping proportionally, he just gave a fixed amount of LTS to every BTC address that had a balance greater than some threshold. I don't know how effective this was, so you'll have to see if he has any insight into it. Just something to think about.

Who here is interested in becoming a Delegate?  

What is a Delegate? It requires a 3-4 gigabyte (less if you compile elsewhere) VPS instance to run a C++ program that creates and signs block. These positions are voted in by the community. This is Delegated Proof of Stake - there is no mining. The more different people that volunteer to be delegates the better the network's security will be until the community grows. Transaction fees will be significant until we get pushback. That is the only way to maintain deflation and expect fees to pay for the Delegates.  I can not suggest what anyone will receive - this is mainly a for fun endeavor with hopes of making a decent currency. This is ideal for someone who has spare VPS instances or a datacenter sitting around. Otherwise it will likely cost approximately $20 a month. I believe almost all instances are run under Ubuntu but it would be possible to run a Windows version if someone wishes to try.


"Why would I want to run a Delegate?"

1) You want to gain system administration experience.
2) You have system admin experience.
3) You have a spare VPS sitting around that can handle ~3 gigabytes of memory possibly left.
4) You will waste your time elsewhere doing less interesting things
5) You want to test the waters for running as a paid Delegate for the BitShares (BTS) chain.

I will think of more reasons in the coming days.  

It still hasn't been determined how many Delegates the chain will have. 29 would be a good maximum.

If you intend to use price feeds to guide bitAsset prices, the delegate will also have to run a script that queries external exchanges for the RPCD (RPM?) price and then publishes this price to the blockchain. There are several open-source price-feed scripts available for BTS; it should take minimal effort to adapt them for use in RPCD.

I would like the opportunity to host and run a delegate.

Exactly. The main effort here is to just leverage what Bitshares has done but make it so there there is no inflation of the money supply.  Ever.  I plan on leveraging everything we can and would also like to help in the Bitshares project. Except for graphics the only initial change will be block times, delegates.

Today I compiled Bitshares under Windows. A lot of different things involved there.

Tomorrow hopefully I'll see if I can do the complete setup package. I need a Mac person to compile stuff or will have to purchase one myself.

Noted. I recognize your name from somewhere. I'll make a list of delegates in this thread and communicate with your privately.

I'm still looking for a home base. We might just end up at the PTS forum.

hi I want to be a delegate too. When does the client be available for download?

I would think a week at the most.

I am going to get a first testnet where anyone can play around with it if they desire. 

So this testnet will be more of a practicenet than one might expect from a testnet.

Things are coming along.

Windows GUI client is compileable.
We've generated balance JSON from RPC.
Linux CLI to run delegates/use wallet is readily compileable.

I have one concern and that is removing Cryptsy's balance.
This is a list of all RPC accounts that were 2k RPC or higher.
I will mark off ones I suspect are Cryptsy with ***.  
This is just my visual inspection of top accounts.
I would need to write a script to grab every address located here https://chainz.cryptoid.info/rpc/wallet.dws?33239.htm and take the intersection of the sharedrop.  Then remove all those addresses.

Cons - We are now changing around distributions and thus "changing the rules"

Pros -
1) Cryptsy does not own the share-dropped coins. So the sharedrop is not deserved especially since Cryptsy have never supported a DPOS coin to date.
2) This increases legitimate shareholder's percentages.
3) It lowers the whale aspect of a third party who has no interest in the well being of the coin itself. This prevents a big large dump as Big Vern gets free money.
4) Lowers security concerns because Cryptsy will likely be largest owner of coins due to not everyone understanding the sharedrop and leaving many on Cryptsy.  

The other coins portions will have better distributions.

BTC - I've decided to flatten BTC addresses. So every address over a certain amount just gets a flat amount.

Doge - I'm undecided here but would like to do something special.

AGS/PTS will be basic. First I need to find the sharedrops on github and use those.  We would like to implement the system provided by the PTS community to allowing signing by private keys so that people can unlock their stake without having to trust binaries.  Hopefully the system is not too complicated.

"RJuHvsgtqhZKDSYGWNDcbsguV7d4bxCDX3" : 199999700000
"RSJwUNRfANgXbCSuZG1jsb5ENtrri6kDX5" : 207182526012
"RNg53D9krXyG2zkFoPzTQB5i8wBgLjTTWB" : 221613005513
"RWya211D6Y7v37mqEjcMndFAEfkX7RpJAb" : 222614050000
"RHWD67DFZ6euUwPrUWGJ71ksGmduMZrmsX" : 228918450200
"RU76xBXgYotwYE25K3tGBiiS6QGEqM8yfL" : 252299700000
"RTkVRLtaVxbvXee7PYe9mvmBxJrRt16Cmw" : 267215707392 ***
"RGUtdfFY9V17FvRYop31Y5wb4VTeXAQwxP" : 299999700000
"RRe3NzXg9DHRKb3Uy3gFxKJs2t7rVzYcGZ" : 304062000000
"RECmtapSmS51dF5kuXQZ4aonVsKsMPSkp5" : 305409595658 ***
"RQRGgDkbWGbgwRzBfKbBCYsuCY1v9M2Kfk" : 307153604814
"RUVvspsdjJEsnTbBzv5hVZeV36xaNse7kV" : 322777911857
"RTCrFZp6ZLf7prxyZhrLdUmgxqMqwqfyeW" : 324743970101
"RDsTpro5Pxy9QNxwGJPJkVnpBtPpZjMH95" : 329927689820
"RTKDtu19a3E87vZLvBAFWKS5FqkhJcszJL" : 350366857688
"RCRavC7fhRXC8mTSMjFfWWgQbnETYm5fdE" : 376458662350
"RGP6twMhsa39hjYBabeEVBNXXxDaME8aCA" : 400499700000
"RXhBoro3h7SaiCo1GywkycymupHxXwvsHL" : 402638346837
"RHvEcbvAyKLcJaqGwMuxsfaYkE6qoVTUdF" : 429354896828
"RUnUBdQSp65M6T5AsMensoYWBFbeXwUT12" : 435600944978
"REbSPsERCn84uVtcVmDUAnuNJsaL5rjXDZ" : 453558960049   ***
"RCeyd4RgwhqDjTnTU144hfWo8LfvHrDPxi" : 480592506333
"RLjTf2dck6R7VP6cfTw1uewCmCVppfpquT" : 487047865796
"RTcBqJZ4D8eR7n6c6oJs3CEeJo9gRgBr89" : 537138615624
"RVMfJ9f84dKKfY9jdbdRAj3LnvBNj4tDW2" : 593192726594
"RB9VxS85ZawnWipx6PD7NiiNChEagzDFsy" : 635596492100 ***
"RPSWBTLrCynoU7LyedfnSZsF7GtbjNe3ai" : 976579000000
"RMkJ8kYiJs3vTxVnx6D8rghMBShXJWyT9h" : 1034350525190
"RFT42nTmqGzFGNzPq1x7wvyg4r86d4dXd1" : 1198700000000

I am looking forward to today and seeing what progress we make. The Cryptsy question doesn't need answering at the moment but I would definitely like to hear feedback.

Also please post in this thread if you would like to be a delegate.

I am interested in becoming a delegate but I am not much more than a Linux hobbyist. What all is involved and how will I get started?

I'm a huge fan of trying to remove Cryptsy funds from the sharedrop (of course unless you could get Cryptsy to honor it), but it would be really tragic if  you mistakenly deleted funds that actually didn't belong to Cryptsy.

Since this is a DPOS coin, it would actually be pretty dangerous to have a single 12% stakeholder, as it appears Cryptsy may be. So if we can take them out of the snapshot that would be pretty cool. And of course it increases the stake of any of us who were in the RPC snapshot.

G'day Randpaulcoin,

I dont think that you are breaking the rules, you said in the first place that you were
reticent to give coins to cryptsy, why dont you place the coins that you suspect as being
held by cryptsy into an escrow account, and if the rightful holder claims them in say
3 months they could be transferred to them, if not they are either cancelled or used
as development funding.  If this is too hard and you are say 95% + sure it was held
by cryptsy, then remove them from the calculations now, we were given
quite a lot of notice of the sharedrop happening, to get our wallets sorted.

But I would prefer the escrow account that way we will/may have some development funding,
and if you are wrong regarding who owns the account it can be sorted out fairly simply.

BTW I am on your list correctly....thanks

I would prefer Ron over Rand when it comes to naming the coin, but I think
something 'outside of the square' may be better, and not coin or money would be
my preference, but I am sure each of us has their own ideas, and we could reach
a consensus fairly easily as most of us agree with the Paul's philosophy as that
is why most of us are here in the first place.

Anyway, thanks again for you effort in getting this crypto off the ground

cheers grant



 

I've moved some of the conversation over to http://pts.cubeconnex.com/index.php?board=16.0 because the Protoshares community is very helpful.

We're going with Ron.

Thank you for your support!

BTW We will likely remove Cryptsy. If nothing else it is good press. The types of heuristics used to determine which addresses are from the same wallet are fairly simple from my understanding.

A Linux hobbyist is more than sufficient IMO. We are narrowing our version of bitAssets so there will be limited need to run various pricefeed scripts. AFAIK Gold and Silver and nothing more.

Go over to pts.cubeconnex.com and I'll post more instructions. It will basically go like this.

Have a decent internet connection with your own IP address outside of a firewall (port-forwarding would work I'd imagine) or run a VPS. VPS will cost you $20 a month. In theory one could run this in a virtual machine if the host was stable.

You will git clone the repo and then it should be like 5 commands to compile once you get the dependencies installed. If you stick with ubuntu 14.04 the compile is straight forward. Once it is running, you will register a name as a delegate. Once you receive enough votes to be voted in you will displace an init-delegate. Then the wallet starts signing blocks with your private key and you become an active part of the blockchain/consensus algorithm.

There are howtos floating around from Bitshares that we will reference.

Compiles
---------
Windows - I can do
Linux GUI - Either PC or Cube volunteered this - so it seems likely.
Mac - Cube has kindly volunteered.

Coding
---------
Current goal Finish out a sharedrop json file to compile into the binary/genesis block.

Doge - Chain downloaded - Want to contact their community for advice.
RPC - v.1 done
BTC - Started but failed to run to completion. ~12+ hour process.
PTS - Using the combined json from bitshares.org
AGS - See above
Github - Need to create
--Create diffs of source used for creation of each snapshot.

Features to be done
-------------
Constants requiring change - block time, number of delegates, Bitshares reference.
Artwork changed out.
Implement the signed claiming feature.

Scripts to be written
-------------
Sharedrop management script - In progress.  Forking build_sharedrop.py

Questions to be answered
--------------
What to do with Cryptsy.
What about any other large address?  mining pool?
Is it likely we could have a superior peg mechanism?

Dreams
-------------
A changetip clone where people could tips like RonPaulGold RPGs and RPS for RonPaulSilver.
Possibly a superior peg mechanism learning from mistakes others may have made.
A system of donations although we might just hardcode it straight towards Rand. Various things need to be considered. How much can we give?  Legal ramifications? Code constraints. Do we wait for Bitshares to introduce a proposal voting system? And so on ...

It is nice to see progress being made. I love the status updates you are posting. This will be an interesting coin since it will have 0 downward pressure from mining or other means of inflation.

Does renaming delegates into angels make any sense?  hahaha..  Just a thought.

We've made some progress today. I have some initial balances for people to test RPC imports etc.

There will be none of the signed claiming yet.

It is hard for me to recommend that people trust any binary. Why should you trust me? PTS/AGS keys are worth too much to risk. While I personally know I have done nothing malicious I can't in good faith tell anyone to listen to me over some other random person. Regardless I will put a Windows binary out there. Just be reminded that when you run an executable and that can be any executable one can always have data compromised on their PC. This is especially important for those of us who have decided to be early adopters of crypto-currencies.

wow it is really coming :) got to get my VPS ready and have a campaign for me to be voted

I have slightly slowed down my urgency.  BitShares is working on a release that seems that it may likely have quite a few changes.  I need to get more in the habit of viewing the github changes. It would be pleasant to have all these new features in our initial release.  So I expect to clone the next release but will let it settle out for a few days for any of the minor bug fix releases.

My concern is that if I sit around and get people to be delegates on the testnet and then just make little changes all the time then people will become uninterested.

I almost feel like I should get the signed claiming integrated and just test it internally.  So many decisions, none are that clear.

That being said if anyone wants to help me with a testnet for fun then I would be most happy to work with you. However if you do not want to be bothered with possible common resets etc and are more interested in a stable version then you will wish to wait.

Either way please comment in this thread if you have interest in being a delegate (block-signer).

One could actually run one of these out of your home. I do not expect this coin to require VPS's.  Physically secured PCs have advantages over data-center VPS's which can always have private keys stolen by the hardware's owner and admins.

Would we need a static IP address if we're running out of our homes? Or could we accomplish that with some kind of proxy?

Please count me in as a delegate. 

Could we run a delegate on a windows platform or does it have to be linux?

Some of the follow might be slightly wrong - please excuse if so.

No, there are a few hardcoded IPs that are used to find the network and "chainservers". To be a Delegate you could run it out of your house. Our blocktimes will not be 10 seconds. While I think that is a great thing for a coin like Bitshares, we're scaling back. I'm currently thinking somewhere between 20 and 30 seconds. So with that length of block time you could run your Delegate on a home connection. In fact, unlike Bitshares I think we're going to promote this idea. Bring us back to the roots ! There shouldn't be a need for pricey VPS's. I doubt even Bitshares needs them at this point in crypto and they have one of the larger networks.

In general without a lot of data it is hard to even tell you are running a delegate vs just another wallet. Some people will have to run VPS's and some might have static IPs. There are also things like dynamic DNS where you change a DNS to point to your home IP.  

So the answer is no. No static IP. You'll just own your key and sign the blocks with that key.

You could try.  There is a CLI version that is readily compiled for Windows which I can provide.

AFAIK The BTS developers say that a Delegate with GUI is not supported and Windows is kinda one of those things you just have to try out.

I suspect the reason is that almost all VPS's are Linux because Windows Licenses add too much cost to the VPS's.  That and given how those guys are pretty hardcore nerds, they are ok with Linux. So that has left an area that hasn't really been tried. I'll likely be the one bootstrapping the network and voting people in  so you can try it out. The main thing is just that you have to make sure it runs automatically when the Windows machine boots up etc. I suspect it will be stable, but one never knows as I believe Windows receives the least testing.

And please don't forget to post in this thread if you wish to help out with being a Delegate (block-signer).  I'll be making a list when the time comes and contacting everyone directly.

Hello, my friends ! Sorry I have been inactive but I decided to not post updates if nothing is happening. There were no investments in this coin per se and no expectations so I hope people have not been let down.

We're still looking for Delegates! Post here if you are interested in running one.

I took on an advisor of sorts and have been investigating possible features which I do not know if I can talk about since they largely were not my idea. I will state that DPOS with a small amount of trusted Delegates allow some interesting cross-chain options since cross chain validation can be done on the Delegates. Unfortunately there is still a bottleneck of developer time. At some point I'll talk about this idea but for now it is a distraction.

One change we will be doing is making RonPaulSilverDollars and RonPaulGoldDollars. G$ and S$?
SUSD, GUSD? ot sure about the naming but this is the one concept I plan on significantly diverging from BitShares. It is a simple change I suspect and won't require an inordinate amount of work. The first iteration would not even touch new transactions types. All fiat currencies will be backed by either Silver or Gold. This will be done by leveraging the price-feed 'training wheels' used in BitShares. So when I transfer a G$ (Gold backed dollar), the current price feed will determine how much RonPaulGold must be transferred to be the equivalent of $1 USD. We now have Gold and Silver backed Dollars and any other currency without the liquidity problems of a full range of bitAssets. All we need are the pricefeeds – many which have been written for BitShares already!

So when you use the RPC sendTo asset, account, amount (made up) you can do something like
sendTo SUSD RPMDEV 19
Then in the background, the program will take the $19 worth of Silver and transfer it to RPMDEV. So if Silver is denominated in standard OZ's then it would be something like transferring of 1.0 RonPaulSilver.  The dollar aspect only exists for the duration of the transfer. We do not wish to have market pegged assets pegged to the US dollar, we want to keep our value in Gold and Silver while utilizing the convienence of USD. We will maintain API compatability with the normal assets.

I am also considering killing all unclaimed sharedrops at the 1 year anniversary of the coin. Perhaps sooner. If people have no interest then the money supply needs to be adjusted. I would likely not do this to PTS or AGS as they helped fund the original work but having a truer count of coins would be a benefit to everyone.

There will be no fiat assets only Gold and Silver with possibly non-fiat assets including BTC. This might change if I see a compelling reason to lead us otherwise.

We started on the artwork and are about halfway done. I'm excited about it. At least the wallet will have a unique feel to it on our first testnet. First impressions are important. :)

BitShares is in such change. They have a roadmap that they're rapidly developing. That means lots of bugs due to their high rate of releases (but nothing where anyone loses funds). I think we'll start making our testnet in the next week but keep it relatively quiet. 0.5.X seems like as good of a time to start as any. My concern is redoing all my changes but at this point I believe it will help for me to just start documenting again everything needing to be done and finally finish a genesis block and get 'er done. Let people do some sort of OTC trading.

It looks like I am going to fork the 0.5.x version for the first test iteration. Whether or not the live chain is launched (probably not) but this is where I'll setup a testnet that has no extra features.

Blocktime of 10 seconds is too severe. Between 20 and 30 so we're likely just going with 25. That will help us keep our blockchain size down, it should allow at Stay-At-Home Delegates (tm), and will cut-down on overall bandwidth usage.

I'd like to start with 29 delegates. I think 29 is a more manageable amount. 101 was considered but we might never even have 101 unique Delegates. Yet it would be easy if everyone started out with multiple delegates and then just gave up a slot as people wanted to try.

We're still looking for Delegates. I have a few people that have volunteered and we'll be looking for more. Post here if you are at least interested because I may be sending out pms with details. We're going to be trying to allow Windows machines to run Delegates from people's home connections.

I'm "...at least interested", and I'm running Win. I do dabble with Linux, but have no full-time Linux boxes. Please pencil me in for the PM updates and details.

Here is a preview of the new logo/wallet art.

https://i.imgur.com/IBWc3Gj.jpg

Whatchyall think!?

 :) +1 i am looking forward to this being a delegate

20 Second Transaction Time is nice.
It's a deflanationy coin because there is a deflation of the new supply? So it is inflationary like Bitcoin?

randpaulcoin,  Just to make sure you got me down as a delegate.  I have the ability to spin up vms in windows or linux.

I think we are changing that to 25 seconds.  The problem is that I want this chain to be easy to synch.  10 second block times gives you a huge database.  20 seconds makes it half the size and 25 seconds makes it 40% as big.

Yes, there will be a constant deflation. Block-signers are only paid in transaction fees with a small amount destroy to insure that the supply is being slowly deflated. If there are enough transaction fees we could channel that to another RPM address which is one of the things we may add to the codebase.

The first one will be offline claiming without having to reveal one's private keys. Then we're going to add features to the money system. Gold backed dollars, etc or best I think we can do with crypto.

Yessir and thank you for your support!

I'm really going to try to push to have delegates run these things out of their home. It is doable with our block times which do not push the capabilities of DPOS. If our traffic scales up enough then we can look to moving to VPS's for those who can't keep up.

I'll run a delegate for you as well. 

I am running the Beyond Bitcoin Hangouts for the DPOS community so I am interested in getting any Liberty-Loving individuals who are interested in teaching people the history and merits of the Constitution in a hangout (perhaps once-monthly/bi-weekly) I would love to host and coordinate them.  Please contact fuzzy on www.bitsharestalk.org if interested or if you know someone who is.  I would gladly push for him/her to get a delegate using this platform. 

How is this still a thing?

Rand Paul would never get on the crypto bandwagon unless the Obama Administration decided to make it illegal.

And that is not going to happen.

Well it hasn't been launched so it will be a Ron Paul currency. Rand Paul is too center Republican for my preferences and if he doesn't make President then the name is bad. Ron Paul is an exceptionally principled person. Rarely in history does such a principled man make it so far even if he was still cut down by the established "conservative" party.

So we are going with RonPaulMoney but I am not starting a new thread until I have a live chain ready to release or at least a testnet.

RonPaulMoney will allow crypto-currencies of the dollar pegged to silver and gold. It has many excellent features but for a coin to be pegged to anything, a free market value has to be established for price discovery. So I will like create an quasi-automated gateway where people can trade their RPMs on a decentralized market. From here we bootstrap and then get buyin from other exchanges.  Possibly make another exchange for NXT. It isn't ideal but since I'm head benevolent dictator at this point in the code for a coin that has 0 value, I'm going to take on centralized trust early on. Yes, this is not ideal. THe other option is legitimate cross-chain trading which is too pie in the sky.

Regardless BitShares still has too many problems at the moment in addition to the fact that they're revamping to GUI. That is a good thing but for a guy like me who is basically rereleasing their code with some hopefully relatively simple and sustainable changes it is not so greaet. I was considering releasing .5 as a live chain but it will likely be .6 or later.  There isn't any reason to have people learn an old antiquated UI experience and then have it ripped out from under them.  So I'll implementing the features etc for now then put up a testnet for people to try.

So yea, there are going to be delays.  No pump and dump action here if that is your game.

Glad you are still working on it :)

Glad people are still following the progress. :)

I want to run a Delegate as well.  :)

I would run a delegate if I could do it in Windows.

Sorry for my ignorance... I haven't checked ROC threads in 6-7 months... What's going on with rpc? I hold quite a few and don't want to loose or burn them? What's up?

There was a snapshot in the past for this upcoming BTS clone, now we are just waiting to see what the story was. (I bought a lot of RPC as the people that recommended this from the BTS community implied it was legit, but sold after the snapshop, and of course, the crash) -- Now I am not sure?

RPC itself is an old scrypt coin, could get popular again, hard to say.

rand paul is pushing a bill to end the feds ability to control the states own marijuana laws, thats why he is big right now.

http://money.cnn.com/2015/04/07/technology/rand-paul-bitcoin/index.html

Rand Paul first candidate to accept Bitcoin, I also know someone that has a connection to him and they were interested in what I knew about this. If this is not a scam this could be big. No dev showing up for a long time though, looking grim.

Hello - Is there any news on this coin? Seems like a great time for this coin to make a move, if anyone is still working on it. It's been so long that it makes me doubt it, but thought I'd ask.

Any news or updates for RPC?

well i guess bush or obama or hillary have more power that RPC i did herd of him abou 1 year ago even a coin in its name was made now he is less polular soo i guess no presidency for him lol.

I have emailed RPCDev's email on a few occasions because I cover a lot of the BitShares-related events and want to also cover BitShares-powered stuff in the future.  Not only that, but I think Rand Paul is the best candidate available. 

I have to be honest though and say I cannot be certain if I will receive a response.  I will definitely let people know if this changes because I think it would be huge for crypto AND Rand. 

My apologies for letting everyone down. Originally I was waiting to clone Bitshares 1.0 to make the process as clean as possible and deliver a coin that is stable.  BitShares 1.0 was never released and went straight to 2.0. 2.0 originally had a license that would not let me fork it without entering into an agreement with Dan Larimer aka Bytemaster. (The lead dev and founder of BitShares)

I had no interest in doing that and had expected to be able to freely fork the coin which had been the core value proposition in the original marketing of BitShares. Apparently he took his community's money and delivered a product, just not open source.

My understanding is he then changed the source code license to MIT. By that point I had moved on and currently no longer have the bandwidth anymore to go forward with this project.

My intention was 100% sincere and a lot of time was spent on art in preparation for Dan Larimer to come through with what he said. By the time he finally did, I had to move on to other projects by that time.

Again, apologize to everyone who bought RPC in hopes of getting a stake. It is very possible but unlikely that I will release this at some point in the future. If it happens, the snapshots of RPC will get their stake in the sharedrop.

Being frank though, I do not see this as likely. I have put a freeze on new projects and this one has been moved to the bottom of my list. I really really do not like screwing people over, but things just never materialized that were not under my control.