nice to see steady volume on yobit now for sometime. POW getting closer to ending only about 25k more blocks to go!
Yes POW only has around 8-9days left (averaging 3000blocks/140k PKB a day). Estimated PKB POW Total: 4.7m Miners PKB: 3.7m 20% Premine: around 1m POS yearly distribution will be around 250k PKB a year |
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Dev, if you mean it real with this coin, please DON`T go Bittrex, as for long term projects it is a killer.
If you have a coin with longer development, you and users gets it to bittrex, day traders will do couple of p&d, then most of the coins will be in hands in long term investors, bittrex will delist it after couple of months based on low volume and basically kill it.
If you and we as a community want it on bigger exchange, it needs to be some, which is keeping listed coins long time, even the volume may fade in some periods.
Bittrex is just P&D exchange.
I do agree but unfortunately there isn't anything I can do to stop Bittrex from listing it. I will just let Bittrex add it naturally and not ask everyone to start RT'ing stuff to get it added. |
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I will just leave this here ....   This is impressive, I look forward to seeing the results. Should be a few days, paid the fee about 5hours ago |
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I will just leave this here .... |
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And if we are being realistic, who would bother to invest a ton of time, money and effort into something if they are not paid for it? Taking a pre-mine makes sense to anyone looking to invest a bit more long-term. Although it would make me feel more comfortable if we had a roadmap specifically for the pre-mine. Where is the money going?
Ok I will give some insight into how the premine will be allocated/spent. The main use will be for adoption bountys, I intend to offer a couple of big bountys totalling around 75% of the premine for the first parking companies to partner up with ParkByte to integrate it into their existing systems. This should give these parking companies a good incentive to start adoption, 5-10% each of the total POW supply to use ParkByte. This will leave around 25% of the premine to pay for development work, once this has been allocated I will likely take around 5% of the premine, if there is anything left but I have my own personal wallet which is enough for me. More detailed information is yet to be confirmed such as minimum turnover, customer base, integration plans etc. Well thanks for at least a glimpse into how the premine is going to be spent. It's just hard for coins with a premine because everyone thinks the exact same thing everytime..... "Oh premine Dev's going to dump it and abandon the coin!!" And I mean they have all rights to think that way because it's been done so many times in the past but as long as you keep those addresses available and people can see if the premine has been touched or not and as long as you are honest with the investors on how you are looking to use the premine then you shouldn't see no problems!! And I mean 5% premine for the Dev in my opinion is not that harsh as others would like to think. The Devs put hard work into their coins and for them to want to also make some money off their creation is not too much to ask!! Also I've noticed lately the coins that get pumped and dumped are all the coins which ANN states NO ICO/NO PREMINE!! Those coins get dumped and forgotten pretty quickly if you ask me  Cheers to the work Dev and keep it up!! I will definitely be spreading the word about ParkByte to everyone Thanks, I announced it knowing people think premine = dev dump, and it is hard to change that opinion but to make PKB successful I feel it needs a premine so I will have to try and change opinions over time. For clarity at 2million premine (10m POW supply) the figures were: 5% of premine - 100k - Dev 20% of premine - 400k - Development work fund 75% of premine - 1.5m - Adoption Fund Percentages will stay the same as POW supply reduces and the extra premine coins are burned |
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And if we are being realistic, who would bother to invest a ton of time, money and effort into something if they are not paid for it? Taking a pre-mine makes sense to anyone looking to invest a bit more long-term. Although it would make me feel more comfortable if we had a roadmap specifically for the pre-mine. Where is the money going?
Ok I will give some insight into how the premine will be allocated/spent. The main use will be for adoption bountys, I intend to offer a couple of big bountys totalling around 75% of the premine for the first parking companies to partner up with ParkByte to integrate it into their existing systems. This should give these parking companies a good incentive to start adoption, 5-10% each of the total POW supply to use ParkByte. This will leave around 25% of the premine to pay for development work, once this has been allocated I will likely take around 5% of the premine, if there is anything left but I have my own personal wallet which is enough for me. More detailed information is yet to be confirmed such as minimum turnover, customer base, integration plans etc. |
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Thanks for the replies, it seems you guys and the market are ok with it |
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IMPORTANTI have noticed something, you may like it or you may not, but it is what it is and it will change the POW phase.As I previously said in one of the previous posts POW will end at block 89000, we are currently on block 39046 with 3.6million PKB in supply. Because of the POS blocks we have now mined 1.6m PKB mined in 39k blocks, guesstimating this would give us the following: 1.6m * 2.2 = ~3.5m (a new estimated 5.5m POW supply, before burning the premine to 20%) As I said in previous posts, we won't be forking the coin to manipulate the coin supply but I will obviously burn the premine down to 20% of the actual total POW coins to keep that inline with the original plan. I would therefore say we are around 45% the way through POW ... Thoughts?  So basically because of the amount of staking, POW is going by faster than you anticipated and we should end up with less coins in total than you originally estimated? Since there will less coins in total (due to shorted POW) and the original premine was based on a percentage of the estimated total coins, you will burn the extra coins due to smaller supply in order to maintain your original premine percentage? If i'm understanding correctly, I'm totally fine with your plan you. It seems you are just pointing out that the premine will be a larger percentage due to smaller total supply, so in an effort to remain transparent and fair, you are going to burn the extra coins so that the original premine percentage matches the acutal total supply. Yes that is correct. I posted this shortly after discussing this with the dev who coded the coin so it doesn't come as a suprise to everyone and to remain as transparent as possible. Looking at CryptoID explorer POS has taken 73% of the last 1000 blocks, it could slow down but personally I do not think it will. I appreciate the openness, and im sure many others in the community do as well. It actually speaks a lot about your team that even without any pressure from the community, you guys already had plans to burn the extra coins. Many other coins have had similar situations with premines and chose not to do the honorable thing, so much appreciated I think it shows that your team isn't here for the quick profit, which really does help build some trust. Also don't think POS blocks will slow down either I know at least for me, i'm just trying to catch more dumps on yobit and send them to my wallet to stake! Thanks, I wasn't sure how it would go down and do expect some complaints to follow but it is best to get any potential problems out there as soon as possible and deal with them. |
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IMPORTANTI have noticed something, you may like it or you may not, but it is what it is and it will change the POW phase.As I previously said in one of the previous posts POW will end at block 89000, we are currently on block 39046 with 3.6million PKB in supply. Because of the POS blocks we have now mined 1.6m PKB mined in 39k blocks, guesstimating this would give us the following: 1.6m * 2.2 = ~3.5m (a new estimated 5.5m POW supply, before burning the premine to 20%) As I said in previous posts, we won't be forking the coin to manipulate the coin supply but I will obviously burn the premine down to 20% of the actual total POW coins to keep that inline with the original plan. I would therefore say we are around 45% the way through POW ... Thoughts? So basically because of the amount of staking, POW is going by faster than you anticipated and we should end up with less coins in total than you originally estimated? Since there will less coins in total (due to shorted POW) and the original premine was based on a percentage of the estimated total coins, you will burn the extra coins due to smaller supply in order to maintain your original premine percentage? If i'm understanding correctly, I'm totally fine with your plan you. It seems you are just pointing out that the premine will be a larger percentage due to smaller total supply, so in an effort to remain transparent and fair, you are going to burn the extra coins so that the original premine percentage matches the acutal total supply. Yes that is correct. I posted this shortly after discussing this with the dev who coded the coin so it doesn't come as a suprise to everyone and to remain as transparent as possible. Looking at CryptoID explorer POS has taken 73% of the last 1000 blocks, it could slow down but personally I do not think it will. |
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IMPORTANTI have noticed something, you may like it or you may not, but it is what it is and it will change the POW phase.As I previously said in one of the previous posts POW will end at block 89000, we are currently on block 39046 with 3.6million PKB in supply. Because of the POS blocks we have now mined 1.6m PKB mined in 39k blocks, guesstimating this would give us the following: 1.6m * 2.2 = ~3.5m (a new estimated 5.5m POW supply, before burning the premine to 20%) As I said in previous posts, we won't be forking the coin to manipulate the coin supply but I will obviously burn the premine down to 20% of the actual total POW coins to keep that inline with the original plan. I would therefore say we are around 45% the way through POW ... Thoughts?
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It looks like the seednode hosting the explorer crashed for a short time over night, all looks fine now. I am currently reindexing the old explorer and I have now paid for PKB to be listed on CryptoID https://chainz.cryptoid.info/pkb/ |
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If you are having issues connecting I have made a list of nodes my wallet is connected to addnode=195.154.162.140
addnode=144.76.238.2
addnode=108.61.10.90
addnode=94.23.32.109
addnode=84.250.15.7
addnode=71.239.145.217
addnode=37.59.18.108
addnode=212.250.159.189
addnode=167.114.59.55
addnode=192.99.74.115
addnode=24.242.34.193
addnode=173.199.65.42
addnode=134.3.41.70
addnode=192.99.0.112
addnode=76.90.105.71
addnode=192.241.252.210
addnode=73.170.87.210
addnode=107.130.201.180
addnode=[2001:0:9d38:6abd:2478:f8a8:a0a4:35b3]
addnode=95.91.202.76
addnode=31.181.211.137
addnode=108.204.67.22
addnode=73.142.206.88
addnode=84.92.49.138
addnode=24.21.89.229
addnode=75.130.163.51
addnode=108.40.13.187
addnode=31.204.96.88
addnode=70.179.37.176
addnode=123.57.145.92
addnode=120.146.238.104
addnode=198.50.147.234
addnode=171.99.179.69 |
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Is it just me that the wallet has 0 active connection to the network?
My wallet seems to be working fine and so does the one running the explorer with around 30 connections, are you still having issues? |
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So what exactly is being done with the premine? Is there an address so people can see that the premine is still there?
Nothing at the moment, it is sitting in 4 cold wallets, addresses on OP.... PREMINE ADDRESSES (500k IN EACH) PJKXPSsTfVHYY7N8MHuL9ADhAf3GN6o4wG PWmTEu9Zo2Zt8qP52Tc7vgo2S3bWjjf7Vc PGSQCZmNzvK3ivwb6D34asA4EcFsDxcYiB PWiU7CM9xPkjU3ewxeTd81J4gpbrZqVA4r It will be used later down the road to aid with development and adoption |
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Agreed, it would be nice to see PKB @ C-Cex and or Bittrex, there does seem to be a fair bit of support in that buy wall today at yobit. However, it is still early days with ~50days and ~6.5m coins remaining in POW. Bittrex have said they would basically like me to hype the coin before they consider adding it, but hyping a coin with a 2million premine will just sound like I want to dump, I won't be doing that so I guess PKB will continue to fly under the radar until its day comes. We gauge demand based off of tweets, hash power, length of bitcointalk thread, volume on other exchanges, etc. Follow us on twitter @bittrexexchange and tweet about how much you like this coin and Bittrex. We respond to creative and insightful posts to help market your favorite coins and Bittrex. For those who would like a small update and didn't see it on other sites here is a quick video of the basic app in action https://www.youtube.com/watch?v=rpOS8Ye5rqk plus a screenshot of the basic operator admin console  |
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Parkbyte, help me understand whats going on here with these wallets.
the top 4 wallets that received coins are not on the top 100 balance wallets. any idea what they are? wallet address PBwLX7Ho79kHS8F96XJbFpyfsGNfMubCdt is constantly minting. i see the 4 wallets with the premine at the top spots on balance but at 5-8 on the received coins spots.
Addresses that receive a lot of coins but don't keep a high balance are typically large miners, pools, or exchanges. For those addresses at the top of the received list that don't fall into those categories, a quick inspection of the transaction history on those addresses shows they came from holding/transferring the premine when it was split into the 4 addresses where it's currently held. ok thank you for the explanation. Yes, as ipominer says these were the premine and premine change addresses. the Cdt address must be a pool/exchange/user |
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there are several articles about Uber looking at BTC. this could be a nice alternative.
out of curiosity,is 60 seconds fast enough for confirmation? why not 30 seconds?
My initial coin spec was 30seconds but I was advised that could be too fast and could cause issues so I took their advice. 60seconds should be fine, a normal parking transaction is like £1/$1 so its not much, it could confirm on x amount of broadcasts and 0confirms would have less chargebacks than they get with credit cards plus no minimum spend and a fraction of the processing costs. |
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First of all, i dont want to spam / fud or whatever, i want to discuse some serious things in here (because the first and last time i was trying to get more info my message get deleted) :
In what country you want people/companies to accept this coin to pay the parking?
How do you know a company will accept this way of payments? Bitcoin have a change because of the good and stable price, but why should a company work with ParkByte?
Do you have contacts with parking companies? Can u show something about that? Do you have a website from those companies what will accept ParkByte?
I hope i / we all get finally some answers ( stopped mining after i readed the first serious bad posts on this topic, so i am not in for this coin, but i am just wondering, and i think other people also wanne read the answers on my questions, if you delete it, i will post again )
I think I did answer your posts in the PRE-ANN thread, not sure how they could be deleted by anyone other than yourself/a mod, but anyway... I would like people in all countries to use PKB to pay for parking, the APP itself will be translated into multiple languages. I do not know if a company will accept PKB as payment, there are no contracts with any companies at this moment (as stated in bold on the OP) I do see a few benefits to using an alt coin rather than bitcoin. TX Fee BTC its 0.0001BTC, PKB is 0.00001PKB (a generous saving for 1000's of daily micro payments.) Block times, PKB is 1minute compared to bitcoins 30minute block Users can stake their coins and earn 5%-3% annual interest on their parking change Bitcoin doesn't have a specific target market, even though it will probably always be the leader of crypto it does have a bad image for its uses. ParkByte is specifically targeted at parking, not drugs, not anonymity and not to avoid the alphabet agencies' eyes. ParkByte will provide and maintain a iOS and Android Apps that the parking company can control with a QR code and json strings. Making accepting crypto alot easier to integrate into their current systems while reducing their development costs. And again, I cannot delete posts from other users on neither the PRE-ANN thread nor this thread. |
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I suggest to do the following two steps in order to let the coin survive:
1) change the algorithm from sha256 to X11, X13, etc.
2) increase the amount of coins. 20% premine is not acceptable for most miners. increase the total amount to 100 mln or 1 bln and you have 2% / 0.2% premine.
Suggestions taken onboard but I don't see the benefit of changing the algorithm nor do I wish to decrease the premine percentage, it is 25m Max coins/10m POW and 2million/20% of the POW/8% premine for a reason Decreasing the premine %age for the short term benefit to keep day traders happy would be damaging to the long term plan of this coin, a plan which will become clear later down the road. Dev, if I were you, I would discard both those suggestions. Though it seems like you're only entertaining them out of politeness. There is never a reason to change a coin's mining algorithm if it will eventually be a PoS-only coin. Causing orders of magnitude of inflation like tyz suggested is guaranteed to destroy the delicate economic value of a PKB. In a sea of garbage/scam altcoin releases of late, I'm just trying to protect potentially decent ones like PKB from a base of inept mine-early-and-dump "strategists" nakedly petitioning any coindev who speaks in-thread to entertain poor mining-related ideas that would obviously only benefit unskilled miners. I couldn't agree more, and yes I was just entertaining them out of politeness There are no plans, and will be no plans to change the coin in this way, or infact at all (yes there will be wallet updates but no big changes) The only development needed at the moment is to get the APP ready so the concept can be demonstrated to parking companies, when this happens the plan for the premine will become clear. Thanks for the support guys (that also goes for those who won't mine it/support it because of the premine, you just give me more motivation to prove you wrong  ) |
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