You can get a Coin made for 0.3 BTC now...

If you sit on your hands waiting forever, eventually even Cryptsy will get tired of it and just delist it and then it's worth 0.

Been saying it all the way from before the launch :p

Sent a request

Also making leaps and bounds in the voting on BTER, lets get more votes!!!

https://bter.com/voting#CON

What would you suggest is the best way to do this yet still have room to invest in the infrastructure?

Still have some time yet (1-2 weeks) before we would do any presale so right now you can just mine it, have some Coins and we can discuss all options. It's in our best interests to make it as fair as possible but unlikely to be able to compensate everyone since many exchanges have also gone under in which proof cannot be provided.

You will have a chance to Stake depending on the size of your Blocks, larger Blocks (300-1000) will Stake sooner than smaller Blocks. All Blocks you Stake will reward 30 Coins per block, the minimum Stake age is 2 days and begins as soon as Coins enter your wallet and is calculated as the Stake weight per Block of Coins vs. the network weight.

In simplified terms

If you send yourself 10 transactions of 400 Coins, You have 10 Blocks of 400 Coins each and after a minimum of 2 days they have a chance to Stake when you have your wallet open. Each Block of 400 Coins would Stake for a reward of 30 Coins and split into two equal Blocks of 215 Coins. It's still in POW/POS Stage and the Blocks are roughly 50/50 between POW and POS.

Take a look at the PayCon Block Explorer and check out some of the transactions to help get a better idea.

    "version" : "v1.0.0.0",
    "protocolversion" : 60013,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "newmint" : 0.00000000,
    "stake" : 0.00000000,
    "blocks" : 125,
    "timeoffset" : 0,
    "moneysupply" : 19100115000.00000000,
    "connections" : 14,
    "proxy" : "",
    "ip" : "107.170.179.27",
    "difficulty" : {
        "proof-of-work" : 10.74206685,
        "proof-of-stake" : 0.00024414
    },
    "testnet" : false,
    "keypoololdest" : 1423358691,
    "keypoolsize" : 101,
    "paytxfee" : 20.00000000,
    "mininput" : 0.00000000,
    "errors" : ""

Make sure you are on the latest version otherwise your mining will be incompatible

Yeah that would be fine too, could even do bidding, we can just mine it though POW and into POS and wait to make sure everything is done right. Just need to work through the last few things in building it, Sudo wants me to release it right at the scheduled time but I think it might be better to just get it going in the next day or and release it as soon as it's ready and not really adhere to a strict deadline.

A lot of Coins create larger buy and sell walls so you have more stability in price and can be spread across many exchanges and tradeable against many different Coins without losing volume over all.

ColossusCoin represents a large float in itself so it's good to stick to that, we had a long discussion about Float sizes and price and agreed that a reduction in the total float from 313 Billion was needed but most wanted higher and some wanted lower so went with the mid end in order to eventually trade in the 60-160 Satoshi range similar to DogeCoin on the high end or 10-15 Satoshi similar to ReddCoin on the low end.

Most will be Premined for Swap

19.1 Billion Premine

POW 1000 Coins per Block for 10,080 Blocks (10 days)

POW will also generate fees of 20 Coins per block

After approx. 5000 Blocks POS will start and estimated at 60% POS and 40% POW.

Total estimated amount through POW would be in the neighborhood of 20 Million.

15.8 Billion reserved for swap at 20:1 plus 1% Fee for escrow

Remaining 3.3 Billion (17% of total float) for sale and part of Development Fund

We don't have to do an ICO straight away but would need to sell some of the Coins for initial funding of services (block explorer, multipools, exchanges, wallets, nodes etc.)

I am thinking if we sold 10% of the Coins at 1 Satoshi that would be plenty still for all services and initial seed money (approximately 19 BTC). We can use escrow for all of it, even the money raised for services.

If buying at 1 Satoshi each it would value the entire Float at $38,000-$45,000 USD which would be a fair valuation for everything surrounding it and would likely make it quick to achieve ROI or to hold for the long-term.

Learned a lot about Proof of Stake in general with it. ColossusCoin was the first Proof of Stake only Coin but not really built to scale but I want to continue with the project but it would be better to have something more refined, sometimes it's easier to just make something new rather than trying to fix the old one. The main issue with it is the messaging system, low fees, fast stake and long minimum Prooof of Stake so to just change all of that and keep with the near 1 GB Blockchain just wouldn't make sense. Having something that is built to be more efficient in growth per year and starting from the beginning means the Blockchain would grow at around 300 MB per year and fully sustainable for growth without needing bootstrapping for a minimum 1-2 years. These are just rough estimations mind you since it depends more on the volume of transactions but Col 2 would be atleast 60% more efficient than Col 1.

CON is killing it in the BTER voting

Sadly XPY hasn't moved



Nowhere even close on Cryptoine

+1

 All josh really has to do is keep working at it, stop making crazy promises and maybe even do an audit of his financial dealings. Who owe's people what? I think the best approach would be if he voluntarily owned up that some of his stuff didn't work out and compensate people with his reserves. Josh should forget about the $20 wall for now and figure out how to create a coin worth $200, look at how much time is being wasted on all of this.

Updated the OP with new nodes and voting progress

Also fixed wrong ports in the example config

I agree with the no moderation, you can't stop the trolls and you shouldn't. If you moderate the thread then people will complain that you are deleting posts.

POW is for suckers, PayCon's got virtual POS mining which acts like POW



PayCon just overtook PayCoin in voting on Both BTER and Cryptoine



Hardly a challenge competing with PayCoin.....

You get 1 free vote per hour approximately every 2500 BTER up to 10 free votes per hour, it would be more worthwhile to be able to vote more over time than just once.

71 total votes now, and took 96th place, only 40 more votes to pass PayCoin