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The system we have set up to balance everything inside the coin will render strip mining / farming counterproductive to their own farming. So it won't really matter who is doing the mining it will always be balanced. I can't really go into more detail than that at the moment.
So we don't need to worry about someone having GPU mining whole everyone else is CPU mining. Or, as is the case with other cryptos, the Devs having GPU mining while everyone else is CPU mining |
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How many people are on the Dev team currently?
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I understand there was scammers on Telegram, so they stopped communicating there. But look, even on Bitcointalk she's active when the team is trying to collect ICO money, and right when that was over they go radio silence.
It's just not a good look
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Seems like a lot of the new mineable coins that pop up say they will only be CPU mining or CPU mining first. However, in a short amount of time someone figures out how to use GPU mining and creating an advantage. Sometimes the Devs are even involved in having GPU mining set up for themselves to mine the coin faster than everyone else before they catch up.
Will the same problem occur with this coin, will you as Dev's have GPU mining set up for yourself while everyone else is CPU mining through the wallet? Also will people be able to figure out ways to GPU mine before it is introduced in the wallet?
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I know you said there's no maximum coin amount, but are you guys aiming for an amount that will the max supply will always hover around due to coin loss balancing with coin supply. If so what amount do you guys see this as? In the 10's of millions or in the 100's of millions
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FYI - Melissa just answered many of my questions privately, so they are still communicating even though the Telegram group is closed. Since it was a private conversation, I don't want to post it here publicly without permission. I still have concerns, but I at least wanted to mention that they are listening.
Meh, its not useful if they're communicating privately, they need to be answering questions to the community |
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That is the hope yes. And anon is the reason we have bought out people we were working with over time. We want to minimize potential leaks.
Mining tab tested and works as intended, refactoring complete. We have 4 more tabs to wrap up and test for issues.
We have reached a point where we can begin planning for graphics. We tend to focus on backend and functionality and scaling/security. As a result, we never designed a coin look or logo. So if anyone has a concept laying around or a coin logo lets take a look and begin planning for the release.
So far we have been using the ₡ symbol since it is already in unicode.
Should we be worried as users about getting hacked or something since some of the code is closed source and dev team is anon? I think the ₡ symbol is perfect and a good start! |
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The first major advantage would be asics would be pointless. Even fpgas would be a poor use of time unless you were to program them for every possible algorithm.
In the future, we will have to adapt the algo to handle quantum computing. This allows us to make the changes seamlessly.
Hi Coinage.org, thank you for the answer. It makes a lot of sense to have that functionality then! Appreciate your explanation. After testing is completed we will give the coin time to build up a following and value. Once its established that coinage is the new benchmark which alts will be measured against we will open up the source to the public. I mention this since this is adjacent to the subject. This is a new way of handling blocks, headers, transactions, syncing, tables, rewards, distribution, etc We are not going to just let it loose to be cloned endlessly by fraudsters. We were thinking of holding back the source until the coin reaches a certain market cap but we can discuss it later. As long as you guys are transparent with everything I don't think there will be a problem. Will the team remain anonymous? |
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This project works, but I do not know how long it will take to realize the promises. I'm planning to deposit a small sum in ICO if some money goes through my elite campaigns. It seems to catch a very good upward trend after the ICO. It would be useful to evaluate it with an amount that will not be saddened.
Well apparently you can't send a small sum because the minimum investment is 0.1BTC which comes to about 940 dollars. Pretty stupid that they have a minimum that is so high |
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Thanx for that! Though it doesn't anwer my question of : "Is there a way to access a Slack channel where the devs are active or at least some people of the community are discussing ?  The unofficial discord channel is just completely dead, no one talking... Cheers! The Slack channel is active, but I think it might have hit its limit in terms of subscribers and the team is not going to pay the ridiculous fee Slack asks for extra features |
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Seems like Melissa was communicating heavily during the crowdsale when she needed to scrounge all that money, but now her and the team have basically been maintaining radio silence other than the roadmap release
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When did you guys start working on this project? 2013?
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A one sentence announcement, very informative!
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Would there be some way to show transparency in donated developer funds, it could probably lead to more donations if people see what is done with the funds
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How's the project coming along?
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Bitcoin and many other cryptocurrency were funded without ICO, you don't need an ICO to develop something, although of course it is easier. I commend these developers for taking the less popular route in the current landscape
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Having different algorithms is relatively unique right?
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  Need to adjust some of the button sizes but everything is functioning as intended. UI refactoring is continuing today, there should be more screenshots this weekend. I don't know what you guys think but do you guys think the side bar on the left should be rotated to the top for ease of reading and probably just looks a bit cleaner. I know this is just pre-alpha and wallet appearance isn't as big of a deal |
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Yes, but with a massive balancing act included.
Hmm don't know how I feel about that, but will wait to see what the "balancing" entails |
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