One thing ive learned after 5 years in cryptoland is the amount of ego floating around here is staggering. Alot of people in this community see competition as opposition, as its us vs them. Competition is a good thing, its healthy, its what makes people release good products and good product support. However, opposition is the catalyst for FUD slinging sock puppets. Its the precursor to bent egos. The fact is, we can all co-exist and help each other be better. Thats going to happen regardless so why waste the time to create a new fud slinger when they could be using that time to work on the betterment of their own projects...? I think thats a mystery that will never be solved.
If it's the way you wanna explain this crazy premine - you do it wrong.
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100k reserve for the team and for initial bounties at launch, then 1 million slowly over one years time for the team with smart contracts. This means only 100k at launch available for the team.
10 million for the community DAO released slowly over time.
Proof please.
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This crazy premine is a fact. No matter how interesting devs gonna explain it. That's their choice. It will take years to let community be a part of this premine beneficiary group so forget about any excuses.
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Still syncing blockchain from scratch, orphans madness. However, seems like I know what causes them. Finally.
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Update later today from ETNA.
Things are closing in on finished and we are almost ready for public launch.
Three days ago you said "update later today". Where is this update?
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qt keeps telling me to set masternode=1 in configuration but it is set can anyone help me please
More details please. How do you start your MN?
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Hello, due to maintenance, alt-website and block explorer will be down today for few hours. Sorry for the inconvenience.
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As for the reserve, 90% will be locked and released slowly over time no matter what, and this will be controlled by the Expanse Organization as a whole, not just the team. The time frame for this could be one year, five years, or whatever the community thinks is best. I personally think one year isn't long enough as it is likely funds will be spent as available on bounties and this could create an issue a year down the line, even if it is a year away. Although it is possible POS or something else might be implemented later, or perhaps voluntary mining percentage going to the community fund later. This would be up to the Expanse Organization as a whole. I personally prefer keeping it proof of work as many might not find out about this until years later, and I would like them to be able to mine it even then, but that is just my own view.
We are certainly open to suggestions on what time frame the community funds should be dispersed over, and it is critical that the community has control of them as laid out in the Organization plans. That is the point of smart contracts and having everything transparent.
Just remove it. Let core team take premine they want and that's all. You can't guarantee that reserve will be community reserve so it will be considered as more or less hidden premine.
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I believe by address, yes, but Dan Conway should have more information explaining exactly how that works later. Obviously anyone could buy Expanse and vote with their expanse, but the initial reserve for the team will be publicly available with addresses. We will definitely be holding most and only selling small amounts as needed. The design is such that we believe we can increase the value over time for traders and miners, and of course for the team.
Well those funds will cover initial development costs at launch so I guess they will not frozen anyhow. It means that for many many months whole reserve will be FULLY controlled by core team. If you want a community fund, release (hardcoded block reward & recipient) those funds a year (or even more) after genesis. Otherwise it will be 90%+ premine like many others. I have removed math from this post to do not create a FUD, however, current model looks really bad.
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Holders (not the team) gets a 1/3 vote counted per EXP held, and the Advisor Board nominated and voted in by the team and the holders gets a 1/3 vote.
Is it possible to distinguish between core team premined coins (10% of reserve) and mined coins?
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90% of the "premine" is owned by the community, and will be stored in a democratic DAO.. again.. ran by the community. They are the communities funds, and the community will vote on how they are spent.
There ain't no such thing as communities fund. This is cryptocurrency, not credit union. There is now. As it will be controlled with smart contracts the community literally controls it. For example, someone wants to make some DAPP and be paid for it in EXP, or someone wants to add on something of value to Expanse, that would be up to the community to vote for it to happen (be paid for) or not. Let's say the community wants changes to the design, again, up to the community. Not just with words, but with contracts. As we can assist with marketing, people might also be able to make a DAPP and get paid for it, and get free marketing in addition. Since that would be mutually beneficial to holders of Expanse. Please elaborate how this voting would look like. I guess I might find an answer in ethereum docs, but I want to understand it ASAP as it sounds really interesting.
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90% of the "premine" is owned by the community, and will be stored in a democratic DAO.. again.. ran by the community. They are the communities funds, and the community will vote on how they are spent.
There ain't no such thing as communities fund. This is cryptocurrency, not credit union.
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do you even have a life or what ? if you had a point, you already made it. you really think you're helping anybody ? such noble egalitarianism
Have you read latest "IPO" offer? This scam does not end, it grows. So yes, I help. Newcomers don't see only "oh awesome update, love it dev, cool" about nothing but a reason to analyze this scheme more carefuly before they will loose their money on this scam like most of us here.
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It requires 1) git repo 2) fork from github/bitbucket 3) pull request / commit info
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What the fuck did you expect little worm? If you talked shit like that in real life your teeth would have been knocked out long ago. Good thing you have this safe haven called the internet where you can spew your vile personality on others while being completely safe in your parent's house.
Interesting, I see we have first supporter here. Thanks for information, seems like I have to increase my activity related to watching this scam & scammers.
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Nature of this idea (8BIT coin) is very volatile. Moreover, most of problems are inherited from original dev therefore it's hard to keep this idea strong without utter community support.
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even if you are right about 5days ,I cant understand why mullick would say that. i have been told that cryptsy is a bit pissed over 8bit all the way to the main man
Why are you here?
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you did this to yourself? you attacked me with lies and called me a lair,you are no better than 8bitparty!!!Fuck you and your power grab!!!!
Actually you are attacking side and you suggested he is a liar. I guess you are ready to take 8BIT dev/leader role.
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The VPS I'm running the faucet on is not only a fixed IP, but it's on a network directly linked to several tier 1 backbones... I ALREADY run a wallet there 24/7 for the faucet. Unless it's going to utterly destroy my VPS bill (I get up to 2.4T/mo for my current service), and assuming it'll run on VPS sort of machine specs (1core/1.5G/150G), and run on ubuntu 14.04, we can certainly talk about putting a seednode there as well.
It's VERY possible that your node is already seednode. Shot few times to find your IP.
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I guess community should it: If your boy 8bitparty doesnt delete the shit he said on my thread its gunna get ugly. He keeps talking shit and its really getting a bit old. He stops now, or else I get even.
Threats are bad. There's new thread about it https://bitcointalk.org/index.php?topic=1171595.0
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