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Someone has to have an opinion on the question above. I don't wanna do another poll but it looks like I may have to.
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I think round 25 is over at block 97,300 which is just a few days away. I haven't even able to write much this month at all.
But I'm wondering if anybody knows how many shares we're looking at right now with the round almost over? Last round we were at around 900 with about 1 week to go and by the end of the round we were over 1300.
I'm trying to figure out if contributors dropped off this round or if we doubled yet again.
Thanks in advance.
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How is the security on such a fast coin? Any programmers or experts on board. TIA
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Yeah, ixCoin, please. Windows 7, 64. Thanks.
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Do any other miners take offense with a coin which gives 25% of mined coins to charity, 25% to admin, marketing, overhead, etc, and the remaining 50% to miners?
I just don't see why coin founders can't make some money and do it fairly and openly. And via mining means slow profits and it means they are an incentive to make that coin succeed. It's not like a premine where they may wait for a pump and dump.
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I saw it posted numerous times. It's 2, 28 week periods where you post at least 1 post per day each day. That's basically 1 year without missing a single day.
Then you saw incorrectly and you need to stop taking advice from newbies. These weren't newbies but I don't remember if they were hero level either. Thanks for the clarification. That's great news. |
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There are lots of ways you could go about funding CatholicCoin: 1) You could ask the church to reimburse you for your labor out of their 25%, or up front. 2) You could buy CC's right before a patch, watch the price go up, and then sell. 3) You could create assurance contracts for new features. If Satoshi got 25% of all Bitcoins mined, that would be about 900 BTC per day! If you do a set percentage, you'll make nothing at first and way more than enough later on. Be careful using other coins as your benchmarks - some of them are just pump-and-dump get rich quick schemes. And worst case scenario, there might just not be enough demand to support the coin in the first place.  Sorry if this isn't helpful, I've just seen some really hostile receptions to new cryptocurrencies. I don't understand options 2 and 3. And why would a flat 25% be a bad idea. It's honest it's not premine and it covers everything. I don't think people would flip cause you wouldn't make any real money for a while and you'd have to make sure the coin succeeds in order to make money so that's more incentive for miners to mine and keep your coins. |
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This new rule about not being able to miss even a single day is ridiculous.
Where did you see that rule? My understanding is that you only need one post every 14 days to get 14 activity points as long as you average more than one post per day. I saw it posted numerous times. It's 2, 28 week periods where you post at least 1 post per day each day. That's basically 1 year without missing a single day. That's absurd. They're rewarding repetition and trolling not quality. |
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I suggest getting a priest or a church accountant to publish their own receiving address, so any user can independently verify that the church got its share without having to trust you.
IMHO you should emulate the Bitcoin Foundation's donation-only policy and avoid asking for another 25% beyond what's already going towards the church. That's a LOT of money!
Quote:/
What? What do you mean? How would I get paid? How would I pay programmers, admins, marketing costs, office space, etc? This is a long term thing, its gonna take money, and nobody wants to work for free forever.
How exactly does bitcoin does it? And they don't have anybody at the top doing anything - just guys who happened to be lucky and hold tons of coins and now want to see bitcoin Succeed. I wouldn't have that option.
And a successful coin requires a lot of work, why would people get upset at a total 25% profit margin which includes all overhead and marketing when a corporation keeps closer to 40% and coins like ripple premined 100 Billion adn are keeping 50 billion.
I don't get how the founders of these coins can make money, I thought 25% total for everyone involved and for things like marketing was generous, and very frugal. Some keep much more or premine it.
But I agree, getting (and publishing) a reputable priest wallet address would be a must have and not an issue.
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i think im well over 500 lol not sure how long i have been a member ( only a month or 2 ) i think i have been on the forum a total of 14days lol
I've seen guys post 2,000 posts in a single month. If you look at my post history most of my posts are long and detailed, the opposite of what spammer do or someone thing to troll for higher post counts. I actually got called out for too long of posts so I had to cut down. I never did it for the count - if that was my intent I would have written 1 sentence posts, which I rarely ever did. And if someone adds value and is active I don't see why they can't be a hero member in 2 months as opposed to 1 year. As long as its quality posts. This new rule about not being able to miss even a single day (for a full year) is ridiculous. Once a new viable alt currency forum pops up (probably next year) a lot of people will abandon this forum for silly rules like that. I mean, you can buy your title, that's ok, but you can't earn it if you're a quality contributor or if you have a life or life problems and can't post here every single day without ever missing 1 day for an entire year. That's Stalinist. |
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how about a "gtfocoin"?  No seriously, we don't care. If that's the case you just gave me a great idea for the next coin. WTFCoin. I bet that would sell better than any of the Mickey Mouse coins out there right now. |
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congratulations on your two kids you´re probably right on everything, I believe a strategy would suit your needs, far better than a coin. or you could do both. I can not offer myself to develop a coin, but profiting from doing good things? I believe I know how this could be accomplished and started this week. Oh? You mean the GoodCauseCoin? But you have to launch a coin for that? Have you picked a name? The name is crucial in my opinion. As much as the launch and the honesty and transperancy behind the coin. Thanks. |
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Aveti idee daca pretul bitcoinului va continua sa scada?
Da. O sa scada pana cand launch Bitcoin ETF in America, probabil pana la $40-$50. Prima zi cand a scazut a fost cand a anuntat Winklevoss brothers the plan for the ETF. Acuma wallstreet is "gaming" Bitcoin - deprimeaza pretul sa acumuleze bitcoin inainte de launch of the ETF. Dupa launch eu expect ca Bitcoin sa Sara foarte mult, poate dupa vreo 2-3 luni. O sa treaca peste $266, fost ultimul pret mare si anul ce vine as fi socat daca nu trece peste $1,000 pe bitcoin. Pentru mining - acuma delivery the ASIC miners a inceput in volume so GPU nu o sa Mai mearga mult timp. ASIC de la BFL sunt cele Mai bune dar delivery sar putea sa ea pana la Craciun. Multa bafta. LOL  Nu inteleg la ce te razi? Vrei sa explici? prefer sa nu ... Nu-m dau seama daca de razi de mine cum vorbesc sau de ideile/teoriile mele. Ca as putea sa ma clarific. |
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@Explodicle
I'm not sure i understand why freicoin's donation plans didn't work. I'm not understanding you. Is it because they were donating to blind charities nobody knew about so people just don't trust them or what are you saying? Why did freicoin fail cause besides that fact I thought they had a noble coin.
But when I heard 80%, which is really high, and they would pick the timing and donations at a later date I immediately said: BS, and moved on.
I wouldn't do it that way. From day one, any coins mined (ie 25%) would go directly to the Catholic Church. They can do with it as they please. 25% for say the founders and admin, marketing, overhead, etc. and 50% for the miners. That's a pretty fair distribution. And no premine, all of it would be done via mining like devcoin. They give away 80% but it's all mined.
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What about jehova witness coin? You go forum to forum trying to convince people you have the best alt coin using memes and wacky logic!
Anaahhaaahahaaaa. That's a sweet idea. And on the coin there would be a sweet picture of the Watchtower. |
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The word 'Catholic' just means 'Universal'.
Bitcoin is already the universal coin.
That's like saying McDonalds or Coke is universal. There's no such thing. Bitcoin is only a first mover and is lacking in many things. For example, what % of their coins goes to charity? Oh, zero. There's a problem if you're looking for a good cause coin. Whichever amount you choose to give to charity, like all charity.  I hear you but what I'm saying is bitcoin as a company policy doesn't give a single coin to charity. There's a big difference between them giving to charity and me as an investor or a miner giving. It's nice when the big companies getting rich off the small guys actually give something meaningful back to society. Any charity would be nice not necessarily Christian. Bitcoin isn't a company, it's a protocol. It makes no more sense for Bitcoin to give to charity than for TCP/IP to give to charity. In case you're thinking the Bitcoin Foundation ought to give to charity, I'd like to point out it IS a charity intended to pay developers and coordinate real-world implementation issues. That being said... 1) You not being Catholic shouldn't be a problem, but it will be - Catholics won't trust you. 2) Regardless of trademark legality, you need explicit church approval for this to be considered legitimate. 3) Why use a decentralized coin with centralized goals? If we have to trust a single point of failure regardless, then several Open Transactions servers would be much cheaper. This would also allow the church to more easily adjust fees and policy. 4) Learn a lesson from Freicoin: you need a complete plan, INCLUDING HOW COLLECTED FUNDS WILL BE DISTRIBUTED, before the coin is launched. Freicoin was 100% p2p up until launch, when they pulled the switcheroo and gave 80% of new coins to their foundation because they felt mining it all would be wasteful. Now Freicoin is a joke - a coin meant to prevent hoarding which is being hoarded even more than Bitcoin, by its own founders. You have a huge advantage because CatholicCoin has an obviously fair recipient for all revenue. Don't spoil that by putting the cart before the horse - get a local priest (if not a bishop) to verify his receiving address ASAP or the coin will look like a scam. Once the coin is successful this administration might move to Vatican City, but don't expect anyone to trust some random guy with revenue at launch. I can't stress this enough. Absolutely. First, I know bitcoin is a currency and not a company but it can donate just like one and devcoin donates lots of coins to developers so its normal and can be done. Secondly, I'm all about transperancy. Trust is the number one thing to have any coin succeed. I want this thing to work long term not a pump and dump. I would give anyone access to the books and computers to gain trust. I'm happy with making considerably less if the end goal is also to help a lot of people. And yes, if this were to take off I would definitely get the approval of some big name Catholic name. But I don't think I need their permission ahead of time. The world Catholic is public domain. If I used their name for something bad maybe they can sue but in this case it's no different than opening up an Internet site which represents the catholic beliefs and openly donates to catholic causes and defends the catholic system. It would be like cutting their own foot. The only reason for it would be greed - to get the whole coin but that would look bad for them. Thanks for your input. |
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Will this coin be used to kill MuslimCoin and JewCoin holders?
Hmmmmmm. Perhaps that's a feature we can hard fork if there's demand later on. I know how crazy you are about them features. Lol. |
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looks like GLX survived pretty ok. The diff oscillation gives a roller-coaster way of mining, it is fun... Although I have to admit that the algorithm did not function as expected...  I asked last night bit you missed it. I went to galaxyCoin website and its not there. Did you guys not buy the rights to the website or what's going on? Usually when a coin launches they have a website already. Thanks. |
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Thanks for your input. I disagree. I think bitcoin has too many things lacking but I give it props for creating a whole new industry.
"I don't see anyone but techies buying coins for their features and most features can be turned on at any point via a hard fork so its not really a big issue." So which is it? No one cares about features, and they can always be added later, but bitcoin doesn't have enough features? Interested in the answer to this Techies care about features. The masses obviously don't care or they'd jump from bitcoin to PPCoin or another coin with way more better features. I'm talking about the MASSES, that's who's coming for dinner after the bitcoin ETF. But don't get me wrong, if I would launch a coin I'd look for the best cutting edge features at the time to make it the best possible. But not so much cause I think people will drop bitcoin for it, that's just not happening but simply because doing hard forks later sucks and if you're gonna do something make it the best you can. But all the features in the world won't get your coin to even 50 cents. If you look at litecoin and bitcoin it was pure timing and chance. Whatever people decide to jump on next - herd mentality which is why a great name is so important. People buy what they know. |
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If your looking for something that gets people with the name, then make the coin I have been wanting to mine. "Itchy and Scratchy Coins" Religion and Santa don't bring people the way a good show like the Simpsons does. Plus it relates to something that already existed on TV. Kind of similar to the Bottlecaps I am currently mining with the Fallout theme.
That won't work. Trademarks. It's pretty tricky finding a name in the public domain. |
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