Blake256  Do you have any details or info on BLake? We know it was a Sha finalist and it is merged mined with a few coins. But what about hardware performance for GPUS? The best person to ask about it is Bryce Weiner as he helped to develop Dirac. |
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I agree with the 1st 3. If you use the Groestlcoin (rather than Myriad) implementation of Groestl that would allow merged mining with GRS. I think crypto-note mining like Monero/Quazar might be more suitable than cubit for CPU miners (GPU mining is available but worse than similarly priced CPUs). Blake 256 would be a nice addition for merged mining with Dirac/Electron/Blake.
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Also I'm asking the dev here? Would you be willing to have an audit of the coin done by someone knowledgeable about such things including the anonymity - e.g. Julian Yap who did it for Pink Coin? It would be really helpful for building trust in the coin.
Audit a coin??? Yes. Check the blockchain and make sure the anon is viable and doesn't have any major problems. |
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Apologies guys I got my figures wrong. The time to reach total coin supply of 100 million via POS (at 5%) would be approximately 45 years : i.e. (1.05)^45 is roughly equal to the 909% increase represented by 89 million extra coins.
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Also I'm asking the dev here? Would you be willing to have an audit of the coin done by someone knowledgeable about such things including the anonymity - e.g. Julian Yap who did it for Pink Coin? It would be really helpful for building trust in the coin.
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I'm just thinking that 100 million coin cap is high from a psychological standpoint. At an interest rate of 5% (equivalent to inflation of food prices etc here) that will take about 139 years - so there will be no flooding of the market with coins but I just think a lower number would sit in the mind better, since people do look at the total number of coins and I doubt they will bother with doing compound interest calculations. They will just look at the number as 100 million and say - well coin X only has 2 million total coins - therefore coin X will be worth more. Just my opinion.
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Look morons. Bittrex got screwed on this and lost just as much as everybody else. At least Richie has the balls to come on and explain what happened. This is always a risk in crypto and the exchanges don't have enough staff to check every coin to the nth detail. This kind of vetting and investigative work should be done by the community.
Do you really think Bittrex lost anything from this? They got their trading fees and are still keeping it open for trading, the only people that actually lost anything are the users who are now NJA bagholders... Really? Do you understand how exchanges work? Do you think Bittrex has millions of customer service staff to deal with complaints. This is costing them money right now. |
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This isn't Bittrex's fault! Leave Bittrex alone!!!!  Bittrex can't be held accountable for something somebody else did. This is crypto. There is no safety net, you people want anonimity most of all... are you blind, or you are part of bittrex group? this can happend with any single coin, old one and new ones, doesnt change anything. It showing that bittrex have a hole in the system and that doesnt have any system of controling the coins that they are adding to the market. some hackers can get into darkcoin for example change source and than do the same problem as ninja coin and than what? and one more thing, if this doesnt have anything with bittrex why than they are taking high fee for trades and withdrawals?  if you are paying bittrex so you are expecting to provide you a service that you payed and also secure trading that you will not get scammed, and this is just what happend, bittrex allowed that peope get scammed. FACT Look morons. Bittrex got screwed on this and lost just as much as everybody else. At least Richie has the balls to come on and explain what happened. This is always a risk in crypto and the exchanges don't have enough staff to check every coin to the nth detail. This kind of vetting and investigative work should be done by the community. |
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So the premine and IPO = 4%? According to the block explorer 4 million coins were mined on the first block. That would put the total coins at 100 million. Since POW only = 7 million coins that means that 89 million coins will come from POS? Am I missing something or is this correct?
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Yes it's not worth it if the developer is clueless about PR and/ moving the coin forwards. There are 101 coins that have that and more - yet they are still floundering.
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What would actually be the killer feature for any coin would be to get merchant/retailer adoption on a decent scale. That would give it momentum and value outside of this closed niche of cryptocurrencies. The only coin that has done that is Bitcoin and even it has only been partially successful in this. Any coin that actually does this seriously will be certain of success. Unfortunately it's the most difficult goal to achieve and I very much doubt anyone will do it anytime soon.
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One piece of advice. Don't go on Mintpal. It is a sure way to kill a coin.
So as you saying dont want sfr to go up to 10k+ sats Just stay at 2-3k?? What are you thinking ?? In a way he has a good point. Many coins failed after getting on MintPal. Look at Crypt which just got added, it is getting dumped! But there are positives too. Such as VeriCoin which got pumped huge and is trading very well. If the coin is really good and if people see a future in it, no matter what exchange, it won't get dumped on large numbers. Actually even Vericoin is only worth a fraction of what it was before. There is always an initial pump on Mintpal followed by a gradual decline (with occasional min pumps but the trend is gen. down). |
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One piece of advice. Don't go on Mintpal. It is a sure way to kill a coin.
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Hey guys, SkunkMonkey here, one of the FractalCoin devs. I'm basically the Community Manager for FractalCoin. It's going to be my job to be more active on this forum and responsive to the community to ensure everyone stays informed, rumors are addressed, and generally work to keep the trolls at bay. We want to be as transparent as possible so that is part of my responsibility. Bear in mind I am East coast USA, so I won't be replying in the middle of the night... usually. As to the rumor that one of us has sold our pre-mine, I can unequivocally state that is false. For proof, our three addresses where the funds went will be published as soon as earlz gets into the virtual office. As others have pointed out, the best place to find us is on our IRC channel. Are there any other issues you would like addressed today? Cheers, SkunkMonkey PS: Y'all can call me Skunky. No need to be formal, we're all friends here.  Thanks that was all that was needed:) |
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Yet they can't be bothered to come on here and rely on "Yes" men and lackeys to represent them. Very reassuring. |
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Dev are you working on anything special? I can't see what caused this price drop though?
There are too many other alts, there is also the massive coin total and the fact that the coin doesn't have any significant social media presence/PR or any obvious plan for increasing it's value. In alts things move quickly and coins also get forgotten quickly. If a coin is silent or has too low a profile it gets left behind and doesn't last long. What caused that spike in price then? God:) |
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It's not coming back sadly. This happens with every coin these days. There's just too many and a limited supply of BTC to go into them. The money moves on to the next new thing. SFR brought nothing new to the table - when the coins it copied are failing why would it succeed?
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Just heard on IRC dogetime was up to 4 am working his butt off. Devs are just starting to wake up remember, well some of them Strong coffees for everyone! unlock.mk how long did you give them to reply? Anyway doesn't really matter now, but I think we need a POW right in the kisser approach on design. For all you know they dumped the premine - causing the price to plummet and have now moved on to their next coin. |
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Well it looks like the devs can't be bothered with this. Have sent Adrian numerous emails which he hasn't even bothered to respond to. If the GBC team has this kind of attitude then why should we care? There are pleny of other cryptocurrencies that have lots of innovation, fully committed and competent teams and it is hard for them to succeed. Why would anyone waste time here any more? Unless something seriously changes I'm giving up on this.
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