+1

To be fair, though: it's not that they (at MS or 'minersource.net') were not trying...

They do try their very best, only they get hammered from both sides of the deal here: they got a bunch of Chinese idiots who are not delivering and not keeping their deadlines (most likely in spite of full-mouthed promises before their supplier-retailer deal was awarded and entered into) and then there is **us** on the other side -- rightly frustrated about not getting anything for our pre-paid money! This is what you get from "Globalisation" and outsourcing things to a developing (or threshold) country -- and from "buying Chinese" instead of sourcing your stuff as locally and reasonably as possible!

Minersource's (only) fault here is having entered into some difficult-to-manage deal with overly bold expectations and correspondingly bold marketing claims and promised delivery dates. (And **our** mistake, along the line what you are saying up there, has been **falling for that** although each and everyone of us should know by now that pre-orders do carry that overwhelming potential for frustration.) Still, MS are our counterparty and ought to MAKE GOOD on their obligations under the contract ONE WAY OR THE OTHER:

   (1) by sending immediate REFUNDS where requested,
   (2) by offering some really good compensation (over 100%, as it stands now, is hardly going to cut it -- as one reply to one of my earlier posts correctly stated --, so they would need to throw in AT LEAST one free X1 machine for every customer who still wants one=two for the price of one)
   (3) by learning their lesson and NOT making any such unrealistic promises again in the future. Others know how to manage their projects and what can go wrong; operators such as Spondooliestech or Mining ASICs Tech appear to know their stuff a lot better -- and, this way, do meet their deadlines; MS should, too...

What Minersource should ABSOLUTELY NOT be doing is DELAYING ANY REFUNDS (but they do just that) but REFUND IMMEDIATELY if so requested!

+1

well put :)))

So let's hope that this gives MS the room to breathe they need to (a) process the refunds queue ASAP or (b) even better, have this train-wreck-in-progress sorted out some way...?

turns out, not everyone can manage a project out there... :(

I mean, delays in all kinds of projects, IT or otherwise, is nothing new; but there's a certain line that should not be crossed, at least not in a client-facing context like here with MS and their less-than-wonderful Chinese partners over there.

If they do (cross that line, that is), they need to compensate accordingly -- and I do not mean any measly 24hr or 1wk hosted "compensation" plans but throwing in a FREE 2nd machine and/or making true order cancellation offers with a full refund.

"Buy one and get one free" -- others are doing exactly that, and in light of recent performance (or lack of it) MS should do this as well!

you wish :)))))

+1

exactly -- asked them the same thing, no tracking info though, proving that there's nothing to track yet :( -- still...

I suggest, MS should make a combination of both a cancellation offer and some kind of compensation whereby they throw in one additional free machine (so we get the profitability we calculated when placing the order and sending payment. That was back in Feb or March, BTW)...

Other manufacturers (for example Mining ASICs Tech B. V. in the Netherlands) are doing exactly that, seriously: they compensate through "buy one and get one free"! And so should MS after those MASSIVE delays.

frankly, I don't understand the tone and voice of this either.

First off, it's a little over TWO months that "Bitcoin Corporation" got involved (not "one").

Then, you guys are "in the business of marketing altcoins" (did not know that there is such a business), but despite "being in that business" you, at the same time, strangely admit that you are "new to it", as in **want to be in the business of marketing Alt coins**, not really in it!

That isn't too hard to see anyway, and that's exactly why myself and a number of other guys here have repeatedly offered hands-on help (from populating that empty Wordpress template of yours to improving the texts, writing new ones, adding to the materials). Now, there isn't even a Mac wallet and the Linux wallet out there anymore. (I suppose, they have also been stolen by the old dev who picked the pros of the big corporation so clean...?) The links were there when you guys took over, please see to it that Wampumcoin has a complete set of Wallets available -- doesn't look too good without it! (Not to mention the paper wallet issue, i e lack of the same.)

None of these suggestions, ideas, offers, contributions have been taken up by Bitcoin Corporation though.

If you are so new, then let us help you -- we're a lot more experienced, I guess. We are a community where more than four people do, indeed, care and constantly come up with good ideas. But you ignore them. Still, you accuse people of "Sh*t talking" and are whining about others not adhering to your hoped-for censoring away of unwanted criticism. If you're so gaga about controlling what's said and done regarding Wampumcoin, then why not finally set up that "community message board" or DO any of the other useful things...?

Not really inspiring much confidence, particularly in light of your actual performance. You should, at the very least, be more responsive and not add to it by that inappropriate tone.

Für jene hier besungenen österreichischen Qualitätsstandards sollte es besser "Die Coin für Österreich" heißen. Entsprechend "Diese Coin ist..."

Die Münze ==> DIE Coin (das englische "the" wird stets durch den passenden deutschen Artikel ersetzt, alternativ auch "das" möglich von engl. "it"). Wie man da auf "der" kommen kann, ist nicht ganz verständlich...

Steht so bei allen möglichen Sprachkonventionen und Recchtschreibregeln, bestimmt einschließlich irgendeiner ÖNORM :))

Grüße aus dem Mühlviertel!

leider scheint auch keiner der angegebenen URLs für die Pools zu funktionieren (es erscheinen darunter alle möglichen ANDEREN Coins, aber nicht die Austrocoin). Gibt es da Updates zu korrekten Adressen?

-->> The reason for all this to actually be **energy-efficient** is that transactions have to be cleared ANYWAY for (any) coin networks to be operational. When "minting" peercoins, you are also "giving" your CPU power to the network in order to clear other peoples' Peercoin transactions out there.

This makes it more energy-efficient than both Bitcoin AND also plastic card transactions in fiat currencies (where EXTRA power is needed to process credit card transactions at the Point of Sale or over the phone or, back in the day, manually when reading in paper payslips etc; on top of the whopping energy need for fraud prevention amounting to **41% of credit card operators' profits**, for policing the dollar or pound etc, issuing and destroying currency bills and coins as well as the coffee makers of Fed bureaucrats, to name just a few)...

The neat thing about these "bullion coins" having a face value (albeit in a Crypto currency each) is that you could move even larger quantities across a border -- PROVIDED the country for that border is one that treats Crypto coins like "foreign currency".

I know that United Kingdom does (for most purposes, including VAT).

So in theory, that means you could move £12,000 (or €9,999 for France and similar places) through customs legally without filing a declaration. This has been done with silver Philharmonics, Maple Leafs, American Eagles etc across the Austrian border into Germany all the time (but note that those have face value in "legal tender", in that case euros). Also note, that this only works when Bitcoin, Peercoin etc are treated equivalent to "foreign currency" (as in the UK example, above).

Thought it would be fun to note this (even though I am aware that £12K worth of these aren't even in existence), or it might be helpful for someone out there for some reason as Crypto coiners are known to be well-informed.

That's exactly what the "old dev" kept telling his purported plans had been. As he also claimed at the time to be (conveniently) half-Indian and, thus, know his way around and planning to spend that notorious pre-mine on "paying reps" for making it happen, this provided some kind of credibility at the time. As that turned out to be outright fraud, we're left with a coin name that might be somewhat awkward for many other uses.

The thing going nicely with what "Wampum" is (and also solving any name problem) would be coloured coins (smart contracts) and all kinds of certifications, registrations and smart property transactions built on top of the Wampumcoin block index. This can be done with ANY coin (and its block index or blockchain) and would be particularly suitable for a coin like WAM with gazillions in coin volume and, hence, sufficient liquidity. Also, it would provide the urgently needed coin velocity and (once again) that thing called "building an economy" for this coin here.

Historically, Wampum happens to have been used for recording contracts and all kinds of (smaller) agreements. To make Wampumcoin useful in a similar way might provide some real purpose and a way forward.

oh yeah -- maybe that's why we don't know the difference between "Hey" and harvesting some hay -- or maybe it turns out you're drinkers rather than thinkers...?

After cashing in on some semi-wreck and then just bugging out, this "old dev" turns out to have been pretty big-mouthed -- and myself and many of the others not sufficiently doing their "due diligence" as falling for just one or two promises and coin features, however convincing sounding, was still too fast.

Anyway, the coin's nice features of fast block time, just 2 confirms, and its overall suitability for actually BEING USED for payments online and off- would be a tremendous waste if one just let it go down now...

So let's see what (if anything) is finally coming together over on the new thread!

At Wampumcoin, development growth is **definitely** needed -- coins normally alleviate the cost factor by just paying bounties (in their own coins). With billions of currently rather worthless coins, (and some "billionaire" holders here willing to invest some of that toward future potential) that shouldn't be a problem -- when we have WAM users able to develop and willing to work for WAM: that's where the "community" aspect comes in...

I don't know why on earth the new owners have **bought in** to Wampumcoin in the first place, but they have. Apparently for dollars, not just wampumcoins, so they are faced with the reality of either risking their dollar investment plus tons of hours of work (and losing it entirely) or select the best suggestions here and find some financing for them, if not "payable in WAM".

The new owners frequently tell of "investors lined up" to invest in something -- this must be a very long line (probably of penniless investors) there, I imagine :) -- but, as long as they are not willing to see that the software development (cost) would be part of an exchange and that an **infrastructure** needs to be built **systematically**, this is unlikely to succeed. So they either face it and "line up" :) their investors behind something wholly functional and organize the financing for that or their nice little gamble of taking over a coin on the cheap will prove very expensive to them, after all...

Rome wasn't built in a day either :)) so let's give it some time (as in wayyy enough time) to grow and look at it again in one or two years or so...

it's back to the "normal" 2% level. But then again, even 2% doesn't really inspire any willingness to "donate" on top. I regularly did back in Mar-Apr when the "old pool" charged nothing -- this alone is proof for Laffer to have been correct!

Real-life lessons for all the Newbies to free-markets and Liberty there :))

What do you mean? -- and why...?

sorry -- mis-understanding here:

I did not say PoS as in **Proof-of-Stake** as that would require some consensus on overall changes to the Wampumcoin algo -- again, I did **not** mean, nor say, that. (I do like proof-of-stake coins for their lower power consumption though, but I really don't think we could -- nor should -- singlehandedly change the entire WAM system in the near or medium term; there are enough other tasks to be taken on first!)

I talked about PoS terminals (MEANING **Point-of-Sale terminals**, i e **in-shop payment terminals**) making it EASIER FOR MERCHANTS TO ACCEPT AND USE WAMPUMCOIN.

Elsewhere -- I totally agree on what you said in your first line, and I share your enthusiasm for making an effort together with the new devs to make WAM popular and successful!

That's exactly what I told in -- like forever...

But I can repeat it again: we do NEED actual Wampumcoin usage out there in the real world in order to build a real economy around the coin, resulting in a "velocity of money" for WAM and, thus, real value.

Yes, a merchant system is what's needed, or merchants won't (ever) user or start accepting the coin. WAM is great when it comes to confirmation speed (low block time, only 2 confs needed for transactions which makes WAM ideal for real-world -- as in point-of-sale -- payments both online and off-). I talked about a small, simple PoS terminal, a new pool to spread geographically and increase network stability, even offered developing one but no one seemed interested or take up these offers neither on Fb nor here (look it up in my previous posts).

Merchants, PoS usage of WAM, feeding these by promos and suitable measures is the way to go.

Only making WAM another coin for online gaming is not (at all), 'nuff of that junk out there already!

The old dev promised heaven and then some regarding useful WAM business application, the new devs seem to have plans to slowly follow through on some similar ideas (very good!!), and @worth sounds even more promising here. So far, nothing has happened though. I do know myself that this takes some time but as long as there is no agreement, plan, or other tangible action in place, it may still all come to nothing.

So it would be nice to see that the new devs really come up with some real direction and get their act together.

I agree -- and, as I said earlier (over on the WAM Fb Page), if wampumcoin.com provide some technical insight or pointers and details, we could try and find a way for a new pool (or pools, nicely distributed geographically and IP-address-wise for better network stability etc).

As far as USING wampumcoins is concerned, we need to focus on seriously good marketing and establish a user base of people transacting in real-life for real goods (not games, Satoshi-dicey-thingies, nor lotteries etc). Taxis, shared rides, e-books and downloadables, web hosting comes to mind as a first here; bricks and mortar/boutique/Point-of-Sale use, too. (The old "dev" sold us on the idea of Reservation stores -- which is good --, but that may never have been his true intention, as he appraently only played the "half-Indian" card to "better sell" Wampumcoin.

Let's look at the (extremely) bright spots of WAM again, which are:

   - high number of total coins (don't laugh, this IS good -- a lot better than Bitcoin's ridiculously low 21m that will dry out any real and useful market, even if we all go back to the 8th decimal -- which would suck and hamper the coin's acceptance); Wampumcoin is good for liquidity and for BUILDING things (even colored coins and rally cool stuff),
   - blazing-fast transaction time (usually less than 20 secs),
   - only 2 confirmations needed for transactions (good at Point of Sale, now ridiculous waiting for like 10 mins as with Bitcoin -- forget about that),
   - easy to mine (good for Noobs wanting to get into something and having lots of coins right from the start)
   - and much more

So yes, let us throw our resources and a few good ideas together and go for "WAM Ver1.1" -- call me old-fashioned, but this could even be a lot of fun...