Latest posts of: ctya

Quote from: PayProCoin on August 06, 2014, 11:33:55 AM

- Trusted dev to participate in changing the code according to roadmap: 0.12BTC

Does this mean you do not have a dev to change the code yet?
A hard fork is already announced and scheduled for somewhere near 10 days from now. Pools will need the code in advance to support the fork.

Difficulty retarget is not daily. At least it is not daily retargeting in the current code.
It is every 288 blocks.

While that is daily under ideal conditions of one block every 5 minutes, it does not actually happen daily.
For example, the last few days: PRO has had the same difficulty day after day.

Please correct that in the OP.

Quote

- You say "Coins in circulation: ~62 million as of August 6th" - but the block explorer says it is closer to 56 million?

http://coinmarketcap.com/currencies/payprocoin/
The coins in circulation is about 56.6 Million right now.

Please correct the OP for this fact.

Quote from: Quecumber on August 04, 2014, 09:32:08 PM

This was helpful.

Great first post noob.

PRO has more liquidity than BTC.
It is not unlimited as some claim. It is 1000 PRO per 5 minute block.

Here are some thought's about why a coin with more liquidity is better for merchants and consumers.

http://techcrunch.com/2013/04/14/iterations-how-five-real-economists-think-about-bitcoins-future/
"Unfortunately, as those familiar with Paul Krugman’s writings on liquidity traps know, Bitcoin’s known and finite supply dooms it as a workable replacement currency. "

http://www.europarl.europa.eu/RegData/bibliotheque/briefing/2014/140793/LDM_BRI%282014%29140793_REV1_EN.pdf
"Bitcoin emission is capped, which means it has an inherent deflationary bias...This may encourage its use as a speculative instrument...rather than as a means of payment"

PRO has liquidity features that may make a better replacement for other currencies.

Quote from: choujenfa on August 03, 2014, 01:49:05 AM

wallet stop sync at block 16414

That is the correct block height and you are synced.
Currently mining is not keeping up with difficulty. Two hours since last block.

http://blocks.paypropool.com/status

Quote from: DailyModo on August 02, 2014, 09:51:06 PM

If the coin is handed over the 10M pre-mine left, should also be destroyed by bittrex.

Do not fall for anyone taking over this coin if he doesnt destroy the entire premine.

Where did you get the number "10M pre-mine left"?

Freenode channel ##payprocoin is open for discussion about PRO

Freenode IRC channel ##payprocoin is open for discussing PRO

Quote from: bosman on July 31, 2014, 01:27:46 AM

Dist list locked. Creating a seperate ICO list for the final ICO phase.

Congrats to all who participated early!

Wallet downloaded and ready!
Exciting announcement.

Quote from: yonghongtang on July 29, 2014, 07:17:36 AM

Quote from: paypropool.com on July 29, 2014, 07:14:13 AM

Quote from: yonghongtang on July 29, 2014, 06:42:20 AM

How many coins are there now plz? I checked the explorer, can't find it .

1000 coins per block
http://paypropool.com/blockexplorer shows block 15320

So 15,320,000

Subtract the first 8 blocks at 1000 each
Add 80 Million premine.
Subtract 40 million burned coins.

55.3 Million

Thank you . So there are 40 millions premine , and it will flood the market?

No it will not flood the market.
I think much of the premine has been used for promotion and giveaways.
The rest is controlled by the well-known CEO of a registered UK company.

Quote from: PayProCoin on July 24, 2014, 12:30:30 AM

40 Million PRO has just been sent to the following made up address

PayProCoinPayProCoinPayProCoj6ngcU

You can check this here

http://blocks.paypropool.com/address/PayProCoinPayProCoinPayProCoj6ngcU

Kind Regards
Darren Palmer
CEO

And it looks like someone sent 1 coin just to make sure it is a valid address on the PRO network

So now there is 40Million and 1 PRO at this address!

That must be the same people that think there are too many coins and then complain that there are not enough people selling on the exchanges.

This coin gets more scarce every day!

Quote from: abc333 on July 21, 2014, 04:37:02 AM

Imagine, there is no limit to the total of the coin.
What will happen?

Mining is the same amount each year. But, mining is a smaller percentage of the total supply each year.
Some coins will be lost, some coins will be held, some coins will be spent.
The coin security depends on the miners and the mining is always rewarded.
Unlike Bitcoin, where miners will need to rely on only transaction fees at some time.
Unlike Feathercoin POS which was attacked because it was not secure.

What do you think will happen?

Quote from: popadrac on July 21, 2014, 07:53:16 PM

Quote from: popadrac on July 21, 2014, 06:19:04 PM

semms c-cex have problems with theyr wallet too, theyr wallet doesnt sync

this and they said they contacted the devs

C-CEX is syncing fine now.
Happy trading.

Quote from: lin0sspice on July 20, 2014, 01:38:58 AM

I think if the coin is limit that will bring better value
But it is unlimited and no halving, i think cant mine any more.
There is no advantage for early miner ?
Since you can buy better hardware in later year then get same coin i did for a month now but only take 1 week to get it with better hardward?

I think you are wrong.
But, you have about 76 years to convince us.
I think that is about how long it will take to get to 8 Billion coins at the rate of 1000 every 5 minutes.

Quote from: PayProCoin on July 19, 2014, 10:40:06 PM

We have updated http://www.payprocoin.com to reflect the many changes over the past month..

I was surprised to see how much has been accomplished in the first month. It is all listed at the section "Discover PayProgress" http://www.payprocoin.com/#mining
When it is listed, it really does seem quite impressive to have established exchanges, pools and global full nodes in such a short time.

Quote from: PayProCoin on July 18, 2014, 03:24:19 PM

Quote from: ctya on July 18, 2014, 03:00:51 PM

Quote from: psychocoin on July 17, 2014, 06:22:06 PM

Why aren't you guys voting for PRO on C-CEX? Can this and the Mintpal vote be added to the first post?

It says now that ICO is to be used for
"1 Mintpal Voting (and strictly voting for them):
We know that we need to focus on just one Big Exchange entering.
We don't need to loose any time with other similar tasks for any other exchange.
That is our goal and we'll reach it as soon as possible."

But Mintpal doesn't accept paid votes anymore and after just 6 weeks (so 5 or 6 more coins I think) it will not choose any coins from the vote list anymore. Top 5 looks just too far to reach, unless there is a big give away advertised which pays people for voting us on Mintpal. If that doesn't happen, then I think we should focus on C-CEX for now because that is realistic.

I voted for PRO at C-CEX.
PRO is moving up the list.
2 days, 16 hours to get the top spot and keep it.
PRO needs to keep getting votes to stay competitive. So cast your vote at C-CEX if you trade there.

Yep, Were in too.
Payment sent (currently stuck in Virwox manual step!)

PRO is now #1 at C-CEX voting.

Quote from: psychocoin on July 17, 2014, 06:22:06 PM

Quote from: PayProCoin on July 17, 2014, 02:47:28 PM

PayProCoin team would like to thank CTYA for contributing to the PayProCoin Project.
CTYAs assistance is allowing us to move forward at a much faster rate than anticipated.
CYTA brings developers and much needed experience in this sector for which I am very grateful.

Kind Regards
Darren Palmer
CEO

Thank you Darren.
It has been my pleasure to work with you. I am looking forward to more great accomplishments from the PRO crew.
Well done so far, what a great and stable launch!