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Also integration with payment processors so that someone can choose minerals to pay with.
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it was made clear from the beginning, for example, that this coin will not be on bittrex during the pow stage... so they were excluded...
if i ran bittrex, right about now i would be giving a very "cold shoulder" response to this coin in public (which is kind of what they're doing), while in private i would be thinking - go screw yourself... Do you know who did make it clear? If not.. read about first.. and then continue to talk (as it is bullshit atm). this trollie is talking rubbish do us all a favour and read the thread lad you're only mqking yourself look like a pratt, everyone on here can read the truth for themselves i don't know i'm reading the thread, and i do not see anything that will make my points invalid... bittrex wants an open source wallet hosted on github, it's their policy... if you don't have one, even if only for the POW - you exclude bittrex from trading this coin... fact - check... after two days of bombardment of their chatroom, coin is still not on that particular exchange... fact - check... which fact am i missing ? You are missing this fact: Mycoin is trading on Bittrex (and Mintpal for that matter). There is also Faircoin that can be placed under this banner. Mycoin and Faircoin were premined and "fairly" distributed. Does anyone really know the detail of those distributions? Was the distribution process not handled by the dev teams? Min also had a fair distribution just with a new and more efficient method. Why should innovation be penalised? There is a risk though to the Min way of fair distribution and that is that if the method catches on, then large pools will lose out on mining by the big whale farms. If limitation of hash rate becomes the norm, in order to give the small miners a chance to get some coins, then the bigger pools will lose money. It is in the interest of the bigger pools to fight the Min way of fair distribution. The 2 coins mentioned above are on the bigger exchanges, so Min should be listed too and not be discriminated against for using a new method of fair distribution. Fact, check. i followed both coins very briefly, so i am not sure of all the details.. if i recall correctly, both coins were pure pos... and i do not recall these coins having a pow phase where they flat out said - you can't mine this because you're too big, or a different pool etc... point is, there was no defined exclusion of anyone... that is a fair distribution... having one entity control the entire mining process, while deciding who can and cannot participate - not really a fair distribution  A fair distribution is not by excluding anyone, just excluding excessive abuse of the system. A miner with a big farm does not have to be excluded. He can mine it with <50Mhs of his farm, but the big farms might choose to move on to rape another coin out of their own choosing. No one excluded those miners, only their excessive hash rates in order for the coins to be more fairly and evenly distributed among all the miners. |
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am i the only one seeing the irony here ? here's a coin whose sole goal was exclusion... exclusion of the pools, exclusion of the exchanges... pretty much total control of every aspect of mining and trading... and now that some of the exchanges have decided to exclude this coin, suddenly there is bitching and moaning ? irony ))))))) Also you need to get your facts straight. At no point have exchanges been excluded. Early on the dev was happy to give source to exchanges willing to add minerals. How do you think the coin was added to C-Cex?? a sweetheart deal is how it was added to c-cex... small exchange, easy to control volume... like i said, this coin is all about "control"... controlling the participation, controlling the hashrate, and controlling which exchange is allowed to trade this and when, and excluding anyone and everyone that doesn't fit with that model... it was made clear from the beginning, for example, that this coin will not be on bittrex during the pow stage... so they were excluded... if i ran bittrex, right about now i would be giving a very "cold shoulder" response to this coin in public (which is kind of what they're doing), while in private i would be thinking - go screw yourself... This coin is about showing how a coin can have fair distribution if pools are willing to limit mining farms and big hashers. If anything, pools introduce control. why do you think so many coins are threatened by 51% attack. It is because pools, unwilling to limit miners gain 51% of the network. Now isn't 51% a controlling stake in the network? This coin has really opened my eyes to the greed mentality some pools have. I will be staying well clear of these particular pools in the future. this has me more confused then anything i have read so far... if one entity controlling 51 percent of total hash is bad, then how is one entity controlling the entire mining process a "fair distribution" ? WOW, Suggest you get your FACTS correct before you make to much more of a fool of yourself... READ then entire thread !! This coin has had the fairest distribution of ANY to date PERIOD!!! Why do you think the powers that be as SO PISSED... i got my facts from this thread... there is one entity that controls all of the mining pools... so again, if 51 percent attacks are such a big deal, how is 100 percent control of all mining a fair distribution... please, less accusations, and more actual answers Lets re-phrase it. Lets assume the definition of fair distribution is to have coins distributed more equally over more miners. Lets now take the following two examples: A 100 miners of which 5 have 800Mhs farms. No hash limitation. Big 800Mhs farms join the pools and by end of distribution phase you have 5 miners with 80% of the coins and 95 miners with 20% of the coins. B 100 miners of which 5 have 800MHs farms. Hash limitation. the 800MHs farms get kicked. They get pissed and move on to another coin to rape, pump and dump. By the end of distribution phase 95 miners have 100% of the coins in relation to there much smaller hash rates. Which of these two options had the fairest distribution? If all pools would play along and could be trusted, then the source could be given to all pools in faith that the pool will limit hash rates. If one pool goes rogue and drop the limitations the big farms and multipools move in to rape the coin and the whole launch is ruined. The other pools will have to drop limitations as well and the whole thing will move back to square one where the large farms rape the coin. The only way to ensure that no pool breaks rank and drop the limitations is to have a small number of pools under centralised control that can be monitored closely. This was a first experiment down this line. I am sure there could be better ways to do this in future, eg. to have a trusted third party (almost like escrow) providing a pool service where the pool management can be segregated from the dev team but still be run in a centralised fashion. That 3rd party will then have to make sure that no pool under its watch breaks rank. The Min method of fair distribution might just be the way of the future. |
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it was made clear from the beginning, for example, that this coin will not be on bittrex during the pow stage... so they were excluded...
if i ran bittrex, right about now i would be giving a very "cold shoulder" response to this coin in public (which is kind of what they're doing), while in private i would be thinking - go screw yourself... Do you know who did make it clear? If not.. read about first.. and then continue to talk (as it is bullshit atm). this trollie is talking rubbish do us all a favour and read the thread lad you're only mqking yourself look like a pratt, everyone on here can read the truth for themselves i don't know i'm reading the thread, and i do not see anything that will make my points invalid... bittrex wants an open source wallet hosted on github, it's their policy... if you don't have one, even if only for the POW - you exclude bittrex from trading this coin... fact - check... after two days of bombardment of their chatroom, coin is still not on that particular exchange... fact - check... which fact am i missing ? You are missing this fact: Mycoin is trading on Bittrex (and Mintpal for that matter). There is also Faircoin that can be placed under this banner. Mycoin and Faircoin were premined and "fairly" distributed. Does anyone really know the detail of those distributions? Was the distribution process not handled by the dev teams? Min also had a fair distribution just with a new and more efficient method. Why should innovation be penalised? There is a risk though to the Min way of fair distribution and that is that if the method catches on, then large pools will lose out on mining by the big whale farms. If limitation of hash rate becomes the norm, in order to give the small miners a chance to get some coins, then the bigger pools will lose money. It is in the interest of the bigger pools to fight the Min way of fair distribution. The 2 coins mentioned above are on the bigger exchanges, so Min should be listed too and not be discriminated against for using a new method of fair distribution. Fact, check. |
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Got just over 1000 from the MP. I have no idea how much hash or for how long that was. My rigs were on auto switchover for when the MP went live.
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I have a broken link to download a wallet. where to download it?  The URL on the OP only has the first part hyperlinked. It happens sometimes with the Mega links. Select the whole URL and paste into your browser and it will take you to the Mega download repository. |
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What I only can do to this coin is to use my 2M hashrate mine in 0feepool, even a couple of days ago I mine in the wrong fork pool lead to 2000+ coins lost. I also buy 15000 coins at price 3400 sato in mintpal on the time Enc hit mintpal, now the price is ten percent.
People have to be careful what they wish for. The coin was doing great before MP, but everyone wished for MP listing. MP is a coin graveyard. Unless a coin has super and cutting edge features, it will get dumped once it hits MP. People know that MP is the last stop in the road so if you want to make money MP is the last opportunity. Few coins get it right to increase its value on MP over the longer term. |
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Staking like a mofo. Congrats on a smooth POW dev.
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Maybe theyre watching soccer
indeed  yes, I am sure it will relaunch crypto is not the only thing in the world you know  for me if they can pull off Myriad style multo algo sha256d, scrypt, skein, groestl, qubit I don't care if they launch Today or a week or a month from now (super hard to get it all coordinated) not cross posting but myriad is by far is one of the most advanced (even conceptually) coins out there.. it is good because the distribution equation is great , and Czechs might be trying to achieve the same Then dev should at least just log into the forum and make a post to apologise. |
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End of POW in 441 blocks in 3:40 hours. ETA 00:48 UTC.
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Dev can you please make us a rich list, again for transparency purposes? We can then see how many coins are in the different addresses, as well as track the movement of the large accounts. It is a very reasonable request and is one of the important building blocks for trust.
Rich list and much more is available at explorer.payprocoin.com Excellent. Thanks dev. |
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Bittrex is good , i prefer interface of bittrex than mintpal
+1 |
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Dev can you please make us a rich list, again for transparency purposes? We can then see how many coins are in the different addresses, as well as track the movement of the large accounts. It is a very reasonable request and is one of the important building blocks for trust.
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Move on. There is nothing to see or do here.
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I think he had mistaken the launch time..
He last logged on to BCT on 5 June. What does that tell you? Someone that wants to launch a new coin will at least log on to the forum on launch day. |
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Dev = dead
The dev could at least have had the decency to lock the thread or remove the launch from the calendar. It says much about his integrity even if in the unlikely event he decides to do a ninja launch later tonight. |
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Probably one of the often ignored aspects of a good coin is fair distribution. Keep this is mind.
Yes, but I can bet you the mega farms and private pools are solomining the **** out of the last million coins. End of POW : 839 blocks to go. ETA 7 hours = 01:13 UTC |
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Fail.
Was probably a one man show and dev got hit by a bus.
Luckily I did not rent any rigs for this.
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It will be ninja launch. They will just announce suddenly that the coin is live. :-)
Doubt that. |
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Hello,
It is Grosetl-Myr or Groestlcoin ?
That's a good question mig Is there anybody here able to answer, like the dev for example? Dev hasn't been online since 5 June. I have my doubts if this coin will launch tonight. |
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