Made me lol hard.


So is this a US-based project, and has it been the entire time?

It would appear the folks above me are noticing the same thing Dev. I have no hatred, I examine fact and patterns.

I said that because of the lack of trust and faith from the community right now, many of them feel scammed of their time and effort. Obviously an IPO was fulfilled, but that's moot when the coin is useless.

You failed to come through with the big announcement on time. In fact, I think you failed to even provide what it was. Please, correct me if I missed it.

You guys have claimed recently that you're still on original schedule which, I think, was delivery for July. I might be wrong, correct me if so.

If this is the case, then point #5 bothers me. The PCB layout is only partially complete?

Further, where's the tapeout information? You guys should be completing that now and using June for workup and final tweaking.

Yes, exactly. They weren't hard forked because people feared the supply of coins. I'm asking for research on coins which were forked because people feared the supply was the problem, and halving needed to be implemented.


You're still dealing with the supply either way, but you did touch on the bigger issue: adoption. If anyone really wants to see this coin work, leave it alone, ride it out and get adoption and use.

Go research KDC. They had a more active community, merchants which were actually using the coin (you could buy food.. even gold and silver with it). It was working fine. The market value slumped somewhat because it's backed by BTC, which also slumped. This caused panic. People demanded the supply be changed. They did.

They may as well have driven a pool net through the chest of the dev team. It killed the coin, because the market value hadn't changed and people were getting even less for their mining efforts.

Look at StarCoin, the infamous zombie of all coins. Its corpse continues to roll down the highway somehow. Major changes were for checkpoint and wallet bug fixes. It continues to go because the community keeps it going.


Just beating a dead horse here. I'm sure PotCoin understands this. Where's the wallet which was supposed to be released recently (yesterday?) Where's his addressing of these factual issues? Like others point out, he's beating a drum about hopes and faith but he isn't delivering. I didn't kill this coin, you didn't kill this coin--he did.



Edit: Also, you CAN prove it scientifically and mathematically. How do you think I, and others, evaluate when it's good and when it's bad to be in on a coin? I stopped mining prior to the original attacks. Why? Because I saw them coming, and because I knew the coin had plateau'd. The proof is readily available. If you can't see it, you're not looking.

Excellent input, and the bold text is critical to any cryptocurrency movement.

Nope

Make sure you don't release anything until linux/windows/etc wallets are all fully functional. Don't just release 1.

Bingo, and without differentiation or widespread acceptance/on the ground use, it's dead. People were relying on the hyped 4/20 launch for acceptance.


What did they work on? The 1 potcoin dev angered someone among the scrypt-hash gods, and they decided to basically pick up the small infant coin and play with it like a ragdoll. The devs did nothing to stop the attack, nor could they, and for all you know it's still going on and you guys are on the wrong chain.

Again, devs have done nothing. Talking about changing the source code isn't fixing the attack, it's trying to run away from the attack and use a different defense mechanism. In the end, if you have a scrypthash god with more than your network hash, you're just an ant beneath a very large finger.

Just thought I'd remind everyone of the warning about this coin many pages back. SO sorry to hear about everyone being scammed by this team. They promised new and different things but it was clearly a setup.

You seriously have not a clue about cryptocurrencies and what makes them valuable and worthwhile do you? You barely seem to understand what makes them function. You're going to look into solutions to protect against hashrate? Really? Tell me more about this attack of 'hashrate'. Are you going to use 'the force' to tell luke-hashwalker to ignore the darkhash?

You know the people who are attacking the coin? That's what you're claiming, by saying you know their resource capability. Either that, or you're lying and speculating and hoping that they don't have the resources. Either way -- this paints you in a really bad way doesn't it? Refusing to discuss investors, failure of a 4/20 launch, and now claiming to understand the attacker's resources.

I stand amazed. After this morning, I wasn't capable of believing you could put your foot any deeper into your throat, but you're up to the knee. You've almost singlehandedly ensured potcoin will fail, and within a matter of hours.


With respect, can you scientifically and mathematically prove 'why it needs to be done'. Use references from the past 2 year's worth of currency data, and especially cross-reference coins which have changed rewards, including the ones which survived and the ones which didn't, and show correlation as to their end result.

Because it doesn't "need" to be done. Whether you're at maturity now, next week, or 5 years from now, there's one constant: no use for the coin. I could send a few million potcoin to a paper wallet and use it for toilet paper.

It will, quite literally, get more use than anywhere else right now. And this is the failure of PotCoin.

No problem, same to all the rest of you sensible folk.

Dean, well said on all points.

And as to those noticing forks:

I know you've been pretty upset for awhile, and for good reason. I'm surprised you haven't paid BTC to someone to go break his windows or something lol. Or for that matter, other folks as well not just yourself.

I *really* feel bad for the folks who didn't get their due equipment. He outright stole those cards.

Dude, I'm not even mining the coin. I haven't mined it for quite a long, long time. I have some I've been holding because I believe in it. I've been hoping to see POS systems and more ATMs, and more importantly, merchants! Where are the merchants!

Whether or not it's totally  mined out, does that matter? At some point you'll be mined out entirely anyhow. What keeps it going is usage and the value people place into it. Cryptocurrency always has to be used to be worth anything, otherwise you're burning electricity to see decimal points move around.

I *am* looking long term. The decisions being made here are not good long term decisions. I've examined market price from day one, and the averages just keep slipping down, especially since the near-failed 4/20 day (IMO).

They said merchants were on the ground using it, with more lined up to get started, and that ATMs were popping up. Nope. None of this has occured, and as some other long term potcoin proponents pointed out on some alternate blogs, it appears they're still trying to get this stuff going. Denver, IMO, was a failure, which is one of the reasons there wasn't a lot of positive news from it. We were promised tons of news and great announcements from Denver.

Nothing big like that occured. There's supposedly 1 ATM on the ground, with possibly 1 merchant almost ready to sign a deal for one more system. That's not exactly progress, not like we were promised. This is why faith is being lost. This coin, up until 4/20, remained one of the most stable coins for value on all the markets, even when bitcoin was going down and other coins were dying. The long averages held. Even when multipools nailed us, the value and network held--what other coin can say that?

Now, it's not. Faith is fluttering. It's because the business side isn't coming online like was supposed to have occured. And announcements like this from the team makes things worse.

And, by the way, enjoy the network attack. Seems like you brought it on yourself.

Block halving, are you guys that stupid?

PotCoin, you didn't ask a single damn member in this thread since you first mentioned it when the network was under attack a few weeks ago. You claim you polled the community? Who? Your majority hashrate is sitting silently in this thread. Did you ask us privately? When you mentioned it, several of us immediately responded against that idea.

Everytime a coin halves, there's a pump prior and then a dump, and then your coin turns into a corpse. Find me a coin which hasn't died from halving, out of the tens of them you'll find maybe a couple, which simply died a slow death later (KDC). Several died just last week from halving. KDC died a slow death and it had MORE uses than potcoin, so keep that in the back of your mind.

Anyone wanting block halving fails to understand the problem -- it's NOT volume. The problem is you have no USES for the coin. People are thinking "supply/demand" for the coin price, but that has nothing to do with it--it's usage.

I've poked on you guys about this constantly. You STILL DONT HAVE a "use potcoins" link on the website, despite saying you needed to get one up and that it would be really easy. Why is that?

I'm sure many others feel this way, and have the same thought I do: we'll pump it up before the halving and dump the coin 6' under and walk away with some profits, like has happened with almost every other halving. Then your network will suffer from attacks and forks, and you can enjoy that mess. So definitely, please do halve it. I can't wait to make bank off of your idea.

Or. You could not be so silly, and not change the halving, and WORK on getting USES for the coin.

Weren't you the one who just 2 weeks ago said that you believe it'll be worth $1 per coin or more in a year, and that you suggested folks just hold onto it until then? This kindof goes against that doesn't it? It just really sounds like you don't have a business plan, and/or you have no clue what you're doing. You're reactionary when you don't need to be.

I hate to say it, but you seem half baked in your execution.

You were running SFTP on your server in a production environment?

Seriously?

Well anyhow. The good thing from all this, you had a nice looking exchange, and so far nobody has put a contract on your head or anyone else's.

Updates ? Tapeout ?

For June/July delivery as mentioned before (I believe), your tapeout should be completing or nearing its closure in the next week or so.

Regarding the cloud hashing, good proposal, but I think what you should do is to promise cloud hashing to the end user -- until you can ship them the equivalent mining gear. In other words if they're getting 16mh but they're "owed" 32mh, you cloud them the 16mh difference until you can build a physical machine for them.

Because, as the poster above pointed out, the cloud game will come to an end at some point. Even KNC knows this. It's also easier to just hand a customer a box than to deal with uptime on the hosted equipment.

Also, you're going to have to up your "promised" total hash to end users. There are machines finishing tape out which produce more than prior projections.