Wow, graincoin is way over valued. I think if you want to buy graincoin you should dump and buy back in a month. Same thing happens to every coin when it starts out, like a great darwinian test.

Until graincoins forums pick up I can't see how it will continue higher, they've had 10 posts this month.  I thought Col wasn't moving fast enough with 820 posts and 177 new members so far this month lol

We want to change the fee system to 0.05% on transfers and have it pay into the development fund to pay for extra wallet security, updated blockchain etc.

Tx fees are 0.01 Col per transfer so unless you are making 10,000 transfers an hour it wouldn't eat it up.

I think you start getting paid out after your coins have matured 15 days so every time you keep moving your resetting the POS rewards.

The Colossuscoin website is http://www.colossuscoin.org/ and the forums are http://www.colossuscointalk.org/

Very active



January has been explosive growth

I saw that you had posted before, Sudo added everyone who posted on the thread in the newbie section and general discussion and paid everyone who he added. We added some 33+ people to the Marketing section so I think you just got missed. Repost on the promoter thread with your address and state you haven't been added or given your bonus and we'll get you sorted.

We now have over 50 million Col slated for contests and giveaways.

you can view the balance anytime at https://coinplorer.com/COL/Addresses/29sRzJig5Q8x1NhEvHigvAZmDrCHaJrvsW

We now have over 50 million Col slated for marketing and promotion.

you can view the balance anytime at https://coinplorer.com/COL/Addresses/29sRzJig5Q8x1NhEvHigvAZmDrCHaJrvsW

Yes, you can only mine Col by having coins in your wallet, best place it buy coins is on Cryptsy.

We all paid real money for our shares and are working on ways to get people the coins back they lost. I got hacked when I first started trading crypto and lost 13.5 BTC, is it within the exchanges right to repay me because I was careless? No

As I said before, we are working towards ways of recovering all lost coins and creating self funding measures in which funds can be used to give back to those who have lost coins early on. People lost coins because the original developer hardforked the blockchain fairly often and so people sent coins on bad forks. I bought my shares as well as Sudo and everyone else and just because we are working to make the foundation the foundation better, does not give us any right to pay for what people lost out of our own pockets. We are using our personal money to redevelop the foundation financially so that everyone benefits.

Hi, everyone

I am part of the Development Team  and I am hosting a Giveaway to help expand our Marketing and Promotion Team.





Would you like to be part of the Colossosuscoin Marketing and Promotion Team?

We have several large updates over the next few weeks and will need the help of everyone to get the word out.

We will be holding many contests and prizes of who can promote Colossuscoin the most, bonuses if it makes headlines.

If you or friends of yours would like to be paid to promote sign up on

http://colossuscointalk.org/index.php?topic=301.0

By signing up, you will receive notices of all contents through private messages and ICQ so you don't miss out.

BONUS: I believe in the future of Colossuscoin so I am offering 50,000 COL to everyone who signs up AND become added to the Marketing and Development Team.

Make sure you sign up on the forums at http://colossuscointalk.org
and sign up to be a Promoter at http://colossuscointalk.org/index.php?topic=305.0

A little about me and my Goals with Colossuscoin

Colossuscoin is 100% Proof of Stake meaning you can only buy Col and stake your coins (prove your balance) for interest. Colossuscoin originated as a Proof of Work/Proof of Stake hybrid and in early December became 100% Proof of Stake.

Why does Proof of Stake matter? It eliminates outside miners selling the currency without actually owning it in the first place and large mining power pushing out the average investor. Proof of Stake is the future because the coins become the same as shares in a company, investors receive dividends based upon the amount of investment in the Foundation.

I became involved in Colossuscoin shortly after the original developer left in early December because it offered me an opportunity to lead and develop an entire foundation.  The foundation had wallet issues and no developer, yet there was a group of individuals so dedicated that they would stick it out through the hardest times. Everyone is off chasing new highs so large amounts could (and still can be) bought for cheap.

The Development Team was created on the basis that all investors are equal, those that have a genuine interest in making the Foundation better for everyone become the core that drives it’s future regardless of how much investment they own. Those that contribute to the foundation should be rewarded so we are focusing on many ways we will reward all investors and those who are part of Colossuscoin.

In early December, Sudo23 created the Donation Fund which is a group of wallets which are slated specifically for the Development of Colossuscoin. Donations ended up being small, and only funded by people managing the foundation, those that are working to make the the foundation better for everyone are punished by always having to foot the bill.

Problems are in fact blessings in disguise.

We have worked together in the planning of the future of Colossuscoin, forging connections with other foundations and coming up with solutions that will benefit everyone involved.

The wallet issues were because the blockchain was so large it was creating syncing issues. To resolve these issues, the developer hardforked the blockchain multiple times which created a larger blockchain and people lost coins by sending during times of these hardforks. Without these hardforks happening, the blockchain stabilized and all transactions work well and actually much faster than BTC, transactions are received in under 2 minutes. The only issue now is that the blockchain is bloated so some people are having trouble syncing the downloaded Col wallet but even that is as more people use the wallet (more connections = faster syncing)

I am not the one who will just sit around and hope things get better so I sought out Zackclark70 who was working on more severe problems with ADT and Mullick, the best Proof of Stake coder in the business.

What I want to do

First I want to get the wallet syncing improves but in doing so,  we also have the opportunity to update the Development Fund. We change the fees on transactions from a destruction of 0.1 Col per transaction to 0.05% which pays directly to the Development Fund. If you are a longterm holder like I am, you will likely only ever pay this fee once or twice but frequent traders would pay the bulk of it. This takes all the funding pressure off the people who manage the foundation and spreads the cost of development equally across the entire foundation.
Along with the Development Fund, also comes an improved open ledger which is public and better organizes all transactions and balances of the Development Fund.

With a self funding structure we can design a whole new Blockchain with the development fund coded in which would give us the ability to readjust fees so that a portion is paid to investors so long-term holders generate coins from staking and from fees. By swapping over all the coins with the same float, it recovers all coins ever lost (whatever can’t be swapped over are lost coins) and can be be paid to investors, development team and the development fund. The actual swap would likely take months to complete which in that time we can settle all legitimate claims before the swap is finished.

The big benefit to a successful swap means the blockchain can updated and changed regularly as we evolve the platform, the problem with Bitcoin is that people are too heavily invested in the way it is now for it to change.
I think developing a foundation is fairly straightforward, you just make it easy to use, secure and increase rewards along the way. The Wallet and blockchain are yet just a small piece, the possibilities are endless.

Update: We have so far added 30+ people to the Marketing and Promotion Team in the last week as well as created a Foundation Marketing Wallet with over 25 Million Colossuscoin set for contests and prizes!




Join our newly designed ColossusCoin Forum today on http://www.Colossuscointalk.org
500 COL welcome bonus for newbies:
http://colossuscointalk.org/index.php?topic=296.0

Colossuscoin - Designing the Future

Thank you for your interest in Colossuscoin, we will be looking to improve wallet security and functionality over the next few weeks as well as a full redesign of the Blockchain. Colossuscoin transactions are recieved and fully confirmed in approximately 2 minutes but we are aiming for sub 1 second tranaction times. We are working hard to improve Colossuscoin in all ways and people and their experience are our number one priority.

33 new people added to the Marketing and Promotion Team today and all those who signed up have been paid. We are extending the 50k Col welcome bonus for promoters past the original 2 Million. We have also set up ICQ so that everyone can keep in contact with everyone from Colossuscoin.

We have created a Marketing Fund wallet and moved the Development Fund wallet to Cryptsy for better security.

25 million Col has been added today to the Marketing Fund, 20 Million has been added by Sudo23, and 5 Million added by me. The Marketing Fund will be used to pay all promoters through contests and giveaways.

33 new people added to the Marketing and Promotion Team today and all those who signed up have been paid. We are extending the 50k Col welcome bonus for promoters past the original 2 Million. We have also set up ICQ so that everyone can keep in contact with everyone from Colossuscoin.

We have created a Marketing Fund wallet and moved the Development Fund wallet to Cryptsy for better security.

25 million Col has been added today to the Marketing Fund, 20 Million has been added by Sudo23, and 5 Million added by me. The Marketing Fund will be used to pay all promoters through contests and giveaways.

Yeah I think it could easily be 10-100 Col per $1 USD, that would be along the same value of what Bitcoin is worth today. Just a huge focus on building every aspect of the foundation all day, every day with users as the number one priority.

We are setting up the marketing team and marketing wallet right now.

We will be fundraising for multiple wallet updates within the next couple days.

I met with a project manager of a local software development team through a bitcoin co-op yesterday so will see what their skill set is and how much experience they have with proof of stake but they may be able to just help with beefing up security and features of the Col wallet while we wait for Mullick to finish with ADT.

Zackclark70 has been working with Mullick and said the TX fees are blocking the staking, as for long sync times I think that has begun to get faster as more people use the wallet. Getting work done on POS is something I'd like Mullick to do as I know it would be done proper but we can improve the wallet in other ways that doesn't require altering POS.

Good to have multiple avenues.


Edit: I keep my coins on Cryptsy with high multi-factor security and transfer to the Col Wallet when I want to make lots of small transactions, transactions are received in a few minutes.

We have been searching for a great way to better connect everyone in the foundation and it is confirmed we will be using ICQ.

http://www.icq.com/

The kiwi irc  worked OK on my mobile but I would get disconnected and people can change their usernames at any time.

ICQ can be used with pc, Mac, Linux and all mobile devices. It's free,  you register with an email address and can connect through any medium by adding a persons ICQ number. You can also choose how much or little information you share, you don't have to connect a mobile number and can even play games with each other.

We are also adding everyone to the Marketing team and creating a new foundation wallet specifically for marketing so we can separate funds that are for development and funds used for promotion.

Sent

Still looking for more promoters 

Maybe if she had a QR code tattooed to her ass.

Yes the wallet is working well, I use my windows Col wallet to send small transactions which are recieved in under 5 minutes. It takes a long time to sync the wallet when you first download it and syncing happens automatically. I downloaded it over christmas when I was on holidays and it took over 2 days, I resynced my wallet yesterday to see how long it would take and it took 18 hours so with more people using the wallet it syncs faster. I hold the bulk of my coins in Cryptsy and use my Col wallet when I want to send lots of little transactions like giveaways. The wallet fix is more like an update, we get an expert to go through it and help us improve it and kill two birds with one stone by changing the fees to provide a better funding structure.