Got a link to that announcement?

Hey guys,

Ok, three topics for you tonight:

1) Wallet passphrase
I think we gave a fair chance for runners up, so here's the correct answer for the wallet I posted a few days ago:

The passphrase was: sesquipedalian

http://en.wiktionary.org/wiki/sesquipedalian


2) As fengkaitj pointed out, HVC is now accepted on https://www.51btc.com/ - this is great news.

It turns out that Keccak has been speaking with the guys @ 51btc and they could use our help.

From 51btc:
"Usually, HVC is translated into “沉重币” in Chinese forum and website, which is based on the meaning of heavy in China. But “沉重”(heavy) means low and gloomy, which make people feel very terrible. So we name it as “海汇币”according to the pronunciation of heavy. 海汇means that it can tolerant all the things, and means it comes from a remote place.通汇 means that you can complete the remittance through the net from different place rapidly and correctly. All of these show the good quality of HVC.

We think maybe you could change the HVC's official Chinese name into “海汇币”"

I'm going to speak to some friends tomorrow to ask about this translation and make sure it is as accurate as we can be about the meaning of "Heavy" in the context that we use it.

If any members of the board speak Han and could help us make sure we are giving 51btc the best information possible, it would be much appreciated.

The fact that we have a Chinese exchange interested in us is huge news - any insight a member could add to help us clarify the finer message of Heavycoin is a big help.


3) Logo competition
Please take a moment and look at CoinExchange's latest submission on the logo thread: https://bitcointalk.org/index.php?topic=513878.msg7201237#msg7201237

I think it's great, so I could use some feed back from everyone about whether they like/dislike it.


Cheers guys,
M

How many new coins are mined daily now for HVC?


Cause with nearly 23 million coins out right now, it should be easy to find coins for sale but that's not the case.

For a week now I've been the top bid and I have barely found 80,000 HVC coins.

That's unusual for a cheap sold off coins with 23 million coins out.

So I'm curious how many new coins are minted daily right now or if maybe a few insiders own most of the coins.  


Thanks!

Do you have specifics as to why they are unable to design ASIC for Hefty algorithm? Any documentation? Not doubting you, rather just really curious about any details available. Previously Zhpool mentioned they were unsuccessful in their attempts at implementing FPGA for Hefty1 as well.

X11 asics will come if sCrypt asics will turn out to be successful. As it is, X11 already offers a higher hashrate than sCrypt for lower power consumption. Asics for X11 might just not be worth creating. And, above all, as I continuously stated whenever I had the chance, it appears that sCrypt asics might just have killed sCrypt. Most miners, instead of buying the new asics, chose to move to a different algo.
So, bottom line is that for SHA-256, ASICS were a success; for sCrypt, not so much. I'm guessing that the next ASIC that comes out for a new algo (probably X11) will fail horribly.

Hefty is a wonderful thing. The reason this coin is dying is the same for every other coin. You will need a very strong integration in the community and, beside this, you will have to find a way to integrate it in the environment outside the crypto world. This is pretty hard to accomplish, but if you manage to do it, the coin will flourish.

With almost every coin, and probably every algo out there, there is one enormous problem: the distribution. Most coins use PoW. It's biggest flaw is that the more Hashpower you have, the bigger your reward will be. This should not be happening. The amount of coin a node should be able to gain should not depend on that node's hashpower, and it should be limited for the given unit of time. This will ensure a fair distribution and will also make the development of dedicated mining equipment superfluous. Solo mining will be encouraged and more and more people will come to claim their fair share, thus helping secure the network. There will be no pools, no huge farms and no useless dedicated hardware. People will mine using their phones, laptops, PCs, and will do this while enjoying other activities on their devices. There will be no need for specialized software, because mining with the wallet will be sufficient. This will be the future, and that future is not far away.

Hey guys,

Ok, I'm back, I hope at least one of you missed me

Let's take a little bit of a state of the union here:


Heavycoin
Am I crazy, or is this one of the best coins on the market right now? Why are we so low on the exchanges?

- We've lost the positive sentiment of the crypto community - we brought this on ourselves

- There was a scare about the dev's missing, and we're hurting from that still - the truth is that Keccak is posting as much now as he did when the devs were thought missing - I talked to Keccak three days ago, he's still here, the IPO wasn't a scam, version 1.3 of the wallet is imminent.

- He won't ever be the face of the coin, I can be, for now, if you guys want me to . What he and Nogi are is one of the best coin dev teams working right now. We need to leverage that rather then ever expect them to be the marketers for this coin.

- I'll take responsibility for this coin until we reach a point where it's "we" and not just me - this is our second most important goal.


The thread
Guys, if I read this thread I would only see that the entire thing is a horror show - just a basket of "the coin is doomed" and negativity.

I have a guy on Facebook who asked a question about solo mining for Heavycoin, I knew the best answer was to send him here to ask questions to you guys directly, but I'm hesitating - my thought was "ah shit, they'll rip this kid apart" - That's probably a really bad sign.

I'm not suggesting that we go all Dogecoin, but could we please think about how you approach a problem - can we talk to each other like we actually like each other and have an interest in common?

It isn't even this thread - I think BitcoinTalk suffers this problem in general.

Bag holders
Anyone who is interested in this coin would probably be considered a bag holder by definition.

I don't think so - we have our bags and we see promise in this coin - we need to address the crypto community and let them know we are still here.

as fengkaitj noted - we know scrypt ASIC's are here and possibly x11 ASIC's might not be too far off - what we are suffering from is negative sentiment only, HVC won't feel the ASICs.

We have great algorithms, great devs, great forum members, and a truly great thread poster (that's me - FYI) what's not to love?

Twitter
I'm operating the @Heavycoinnews twitter account - please follow this account. We are up 60 new followers in the last week and a bit, which is such a good sign for us.

What would really help me on twitter are three things:

- Please follow @HeavycoinNews on twitter
- Please say something nice about Heavycoin so I can re-tweet you - I can't keep posting my own positive thoughts
- Search heavycoin on twitter, when you see someone saying Heavycoin is dead, just let them know that you are still in to it - I'll retweet you and this will help us build positive sentiment.

Heavycoin Website
p1nky - thanks for such a considered response - I'll continue our conversation via PM, but I will agree that nothing you say is factually inaccurate - I simply don't have access to website files, I have asked again tonight, if I don't hear anything I'll screen scrape the current site and put it under a new domain.

I'll figure out with Keccak the best way to handle the website, or otherwise start my own we can control. I don't think there's any resistance from the devs, just a process which isn't working well, we'll figure it out.


Cheers,
M

Current supply includes 8 million from IPO/Premine. So we have ~ 8 Mil to go to finish mint phase (8 mil + 45 mil). Mint phase will end with 53 Million coins. The IPO/Premine is essentially the 1st Phase with the coin.