yeah... im still hashing.. i got my kids box up atm.. but hes sleeping so itll just hash till i can get up there..
so it costs some of us electricity and time....
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its unfortunate that the "dev" is pretty much vacant and incompetant.(imo)
on to the next
Stop hashing. I won't be hashing before the dev gives us an update. |
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BTW are you working with the dev? Will there be a hard fork? Could you please give us an update? |
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Hi friends,
We continue as usual,
Will soon go on exchanges, BOUNTIES be paid soon.
Thanks.
So you were actually serious? FAIR/BTC market is now open again on NXT-E. |
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WTS 350,000 FAC (seriously, ~1% of the total supply)
PM offers, top offer takes it.
0.1BTC. thanks. |
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What are the miners on "It's the Poolest" thinking?
They found 26 new blocks. Only to support the coin.
That's me. I'll stop mining now. Wasted 60 hours of electricity on this bullshit coin. The dev is so fucking unresponsive I can't bear it anymore. |
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fair-cointeam is that you?
It's not. I can confirm. |
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Couldn't they just hardfork the client with an input of the lost 15k as a hardcoded transaction? and then continue the distribution as normal from that address, so anyone with the old client would be left on a dead blockchain?
You seem to know your stuff. Why not PM the dev and give him a helping hand?? Maybe you could save us |
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So there are obviously a few lessons here:
1. First, its hard to create a fair coin like this though the devs tried to minimize it by checking for proxy, having a token system. Still if someone was really determined, you can click every hour and maybe if you don't have much of a life and suffering from insomnia, could get say 50000 coins
2. Keeping the PoW reward so small initially discouraged miners, so transactions and confirms stayed stuck for hours and hours. There really is no incentive to mine. Plus no difficulty retargeting and silly 10 min blocks
3. Keep a backup of the wallet file on a secondary storage device. This one should be obvious.
4. Write a stupid shell or perl script to automate sending coins once sign-up phase has ended.
+1. Dev, don't make it too complicated for yourself. Create a new coin with the same specs, but 90s-3min block targets. Keep the same address database. Redistribute. If you want, add another 25,000 free stakes so people that didn't get a chance to register can. THIS would be fair! It is NOT fair when Dev is cheating (or loosing or whatever) thousands of stakes!!!! Latter in best case is just plain incompetent. Take your second chance Dev. People would honor this as a fair move from you. Actually I'm wrong. I'm an idiot. If he creates a new genesis block, all the addresses wil be invalid. There's no way to make this fair if we relaunch. Most people don't even have an account on BCT. The only solution for this version of FairCoin is to keep moving on, prob create a donation fund or something. If the dev really wants to, delete FairCoin, create FairCoin v2. Exactly the same setup, but we have to register all our addresses again, starting from 0. Some questions to be answered 1. Did you try dumping private key with PyWallet? 2. Is it possible to eliminate the 15M remaining coins? I fail to see how this could be done. If yes, then maybe just add another 15M, delete the previous 15M and run an IPO for those 15M with 5 hour delay tokens to make it as fair as possible... however I think it's impossible |
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So there are obviously a few lessons here:
1. First, its hard to create a fair coin like this though the devs tried to minimize it by checking for proxy, having a token system. Still if someone was really determined, you can click every hour and maybe if you don't have much of a life and suffering from insomnia, could get say 50000 coins
2. Keeping the PoW reward so small initially discouraged miners, so transactions and confirms stayed stuck for hours and hours. There really is no incentive to mine. Plus no difficulty retargeting and silly 10 min blocks
3. Keep a backup of the wallet file on a secondary storage device. This one should be obvious.
4. Write a stupid shell or perl script to automate sending coins once sign-up phase has ended.
+1. Dev, don't make it too complicated for yourself. Create a new coin with the same specs, but 90s-3min block targets. Keep the same address database. Redistribute. If you want, add another 25,000 free stakes so people that didn't get a chance to register can. |
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I have got all my coins, however there is less coin now in the circulation its worth nothing to the coins value, because people now don't believe it.
I think we have only one solution:
Start a relaunch
with the the address database already
and make + 50.000 new stake, so make start the coin with an initial 100million coin, and accept + 50k new users with the same token method before.
This is the only way to make this coin the biggest.
Not a bad idea. Also, 90 s. Block target Theres nothing we can do for those who bought. Ive lost plenty of BTCs on alt launchs. Deal with it. |
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I suggest you create Faircoin v2 and redistribute it correctly this time. 50m, 90 sec block target. Thanks
Find a way to make it faster this time.
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Damn..
As someone suggested, find a way to make the non distributed coins invalid?
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Hi friends,
We continue as usual,
Will soon go on exchanges, BOUNTIES be paid soon.
Thanks.
So wallets been recovered? Nope. But they still have their 0.5% premine |
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Fakeshadow mines with 2.5mh/s for 1 minute, finds a block, then leaves us with a high difficulty. What a cunt. Now we have to find a block @ 1.2 with 400kh/s. Expect an hour
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You guys are forgetting something. Without a utility, there is no reason for anyone to pay for these "free" coins besides speculation on their future value, so you can't really dump them. Everyone wants to sell, but have not given people a reason to buy.
Same with 90% of the recent altcoins. PMC, HEX, etc. I wouldn't mind buying 10K FAC for 0.01BTC if I get the chance to |
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BTW who the fukc is FAKESHADOW
Why are you mining with 2.5mh/s? STOP MINING!
We've driven the diff down to 0.2, and now with your stupid rig we're back up to 2.. Slower blocks.
Thanks for destroying our work.
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thanks... much appreciated  Make sure to ask a bounty from the dev. I'm sure he'll give you some. you need to pm him ? Yes you need to PM him. Explain what you did (blockchain explorer) and what you could expect as a reward for your work. If you don't get at least 3000 FAC then the dev is just greedy. Your explorer is amazing, nuff said |
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Sellers are lowballing their FAC. We're down to 5000 satoshi already?? 500 FAC = 0.02BTC
There's no buy support. Why even try?
I don't get it either... so eager to sell and hurting the coin with low prices... who is nxt-e anyways ! can't we at least wait for the distribution to be over and aim for an exchange with some volume on it !?! I've sent multiple PMs to the Nxt-e admin, here, on his exchange, support, etc. He's ignoring me. Fuck him. BTW don't expect to sell anything on the NXT-E exchange. There's literally no buy support. You could lowball to 300 satoshi and I'm sure you won't even get a single buy order. |
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thanks... much appreciated Make sure to ask a bounty from the dev. I'm sure he'll give you some. |
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