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Hey guys, we seem to be really divided at the moment! Even the team are divided and debating the decision. I would like to extend the poll duration so we can get more votes in and try to get more of an idea of what the community wants. This is very much a community coin and we really want our fellow nekonauts helping with major decisions such as these. Keep the suggestions/comments coming! We want to get everyones ideas into the mix  |
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Please make your final votes on the algorithm changes.
The options have been narrowed down based on the previous votes. Because of points brought up by atheistftwins, we feel it is not productive to try to implement a hybrid model. Therefore, the choices will be split between X11 and pure POS. Additionally, the the community should vote on whether to decrease supply of the coin going forward, thus making the current amount of NYAN the bulk of the expected coins. If this is done, then only POS is feasible as POW would not be able to sustain a high enough hash rate.
Poll will close in 48 hours and then implementation will begin.
If POS wins out, then there is ~41 million total, so i do not see any issue with doing this. What kind of a return on POS for staking, and stake time were you looking at. Also, was there a total number if coins you were looking at getting from staking in the end. Might be to early for these questions, just alot to ponder! In the event that we implement POS with a reduced supply constraint, we will discuss carefully with the community the actual parameters before full implementation. The whole process is planned to be as transparent and community involved as possible. |
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Please make your final votes on the algorithm changes.
The options have been narrowed down based on the previous votes. Because of points brought up by atheistftwins, we feel it is not productive to try to implement a hybrid model. Therefore, the choices will be split between X11 and pure POS. Additionally, the the community should vote on whether to decrease supply of the coin going forward, thus making the current amount of NYAN the bulk of the expected coins. If this is done, then only POS is feasible as POW would not be able to sustain a high enough hash rate.
Poll will close in 48 hours and then implementation will begin.
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obviously X11+POS is the best option.Do it now,don't waste any precious time.
We are not wasting any time. We are already looking into it. Since the poll was just opened, we want to leave the poll open at least for a couple days before closing. We still need to figure out how we want to merge POW with POS as well. There are a lot of ways to implement this with either a complete phaseout at a certain block or a persistent hybrid model. Additionally, we need to determine if this will end up changing the max number of coins, etc. There is a lot to think about and a hasty decision will not be good for the coin. Any input is welcome. What are your suggestions for implementation? |
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We have opened a poll. Please vote on the changes you feel would best benefit the coin!
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We have been in constant communication with Cryptsy for some time now and have negotiated for their support in return for a contribution from us (which we have paid). They responded to us saying that given our current number of votes, they will definitely list us on Friday. Unfortunately, they have failed to meet their end of the agreement as we were not added as promised. As you can imagine, this is extremely disappointing for us as we had planned for the added volume to get us on marketplaces which have indicated they'd like to accept NYAN if it had higher volume. As of now, the typical responses from these marketplaces is:
"Thanks for the message. Nyancoin is certainly on the list to be added to the site as there's been quite a few requests, although currently the trade volume is a bit too low for us to be able to add it as a viable payment method. Once this changes, it will be added as a payment method."
We will continue to push them to add the coin but we will not sit here on our hands waiting for this to happen. As such, the following is a list of the things we have thought about which will help the coin and are working on:
1. A new algorithm to make the coin competitive in the current cypto marketplace (we have been researching how to implement different methods and will hold a vote soon for the community to help decide what is the best change for the coin)
2. We have been thinking about how to implement a site which will allow people to buy NYAN with USD. This way, we can get support from the vast majority of nyancat fans who have no idea how crypto works. One of the main challenges thus far, is converting the support that these people have into actual benefits in the value of the coin and we hope such a site will be the way to do it. However, this is a big challenge and if there are developers in the community who think they can assist with this, please let us know. We would greatly appreciate any help.
3. We were planning that once we had more stable volume (planned with Cryptsy) that other marketplaces would take up the coin as they have indicated in the past. One of the ideas that was discussed in that case was to potentially have a specialty line of nyancoin products that would be available from the nyancat store to be purchasable with nyancoins.
4. Finally, one of the big things that members of the community brought up and we have discussed was implementation of an ebay-like or craigslist-like marketplace for users to trade NYAN for products. This was also something that seemed feasible with more volume to the coin.
Currently, we are facing a chicken/egg dilemma: it seems we need more volume for a lot of the plans we want to implement, but in order to get more volume, we have to implement these plans. That is the challenge we face and any suggestions to solve it are welcome. Right now we hope that an algorithm change could make the difference.
Edit: Typos
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Your games are cost us dev. I am losing everything financially and I thought Nyan would be the next big thing to invest that could save my family. I have invested the last of my money, four grand worth on my high interest credit card. I thought it would be worth it. Since then the price has dropped devaluing everything I invested in all the way to worthlessness. You have the power of seven million followers. You said so yourself. So why haven't you used them? Why after three months of work your final big news you have been waiting to tell everyone, Your hard work mostly was our work of simply voting on Cryptsy so your Coin would finally be worth something? Voting is something a normal person could take a few minutes out of their day to do? Not three months. It will be because of you that this coin is ruined Dev. Take my advice, hire a team to manage the coin for you. It's going nowhere under your watch. I would say so far only atheistftwins have proven that he could actually make the coin something with active leadership. Hire someone full time. That Someone will have to save this coin.
I'm done
We are playing not games with anyone. Cryptsy is a big deal and volume is something that was keeping us from a lot of marketplaces from accepting our coin. We hoped with Cryptsy support we could get the volume to other things in the pipeline rolling. For now we are looking into the best algorithm change which would help the coin. If you have other ideas we would love to hear it. |
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I am not sure, that is my confusion. The post did say today or tomorrow, though on Reddit the Dev said this afternoon.
Where I am it's midnight so it will end up being tomorrow probably.
We were told by the other party that this would happen on Friday. However, it appears Friday has passed and nothing has happened on their end. We will immediately be contacting them to figure out what is going on. Once we get an updated date, we will let you all know. Hopefully, they just had a small delay and decided to change to today but we will certainly find out for sure. (This is the reason why we are not publicly announcing what it is, when it has to do with third parties, you can never be sure they will keep their promises.) |
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Thank you JDS1000 and welcome to all the new nekonauts! We have a lot of big things in store so stick around! You will find that this is a vibrant and friendly community. Also, we will have a lot of new developments that will happen from this point forward and many opportunities to earn more NYAN through bounties. Please stay tuned! P.S. I am sending you a couple thousand NYAN for all your support JDS1000 |
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There has been a lot of work behind the scenes to make Nyancoin a success and the community has been very helpful so far. We wanted to give you guys an update on some of things that have been decided:
First: We want everyone to know that we are changing out policy and that we will be present a lot more often to interact regularly with the community. It is our intention to respond to posts daily and answer PMs just as fast.
Second: We have been putting a lot of thought into how to improve the coin and as a lot of users have mentioned that KGW is not optimal. Therefore, we are working on a new algorithm to further improve the coin. Any suggests are welcome!
Third: As far as fundamentals and promotion of the coin is concerned we have a lot of resources:
- Nyancoin IP
- Access to Nyancat Facebook page and Twitter (7 million combined followers)
- One of the largest communities of any coin on Reddit
- New games coming out every week
- The support of the creators of the nyancat meme, who have a wide network and resources
After discussing it with Chris, it was decided that asking famous nyancat supporters who did not express interest in bitcoin or cryptocurrency in the past to give shoutouts was not a good strategy to take. However, if there are individuals who have expressly shown interest in both the nyancat meme and cryptocurrency (maybe influential youtubers or someone similar) that is a different story. Any suggestions are welcome.
Finally: If everything goes well, tomorrow or the day after should see some big news for Nyan. It's something that the community has been talking about for a long time and we are counting on the community to help promote the coin when the news comes out!
We want to end this update to re-emphasize that from now on we will be posting and answering questions a lot more frequently. Any community input is welcome and we certainly need the community's help to make Nyancoin even stronger going forward!
sounds to me like wishful thinking 1. you said two months ago that you are going to be more active and interact with people 2.there is nothing wrong with the current algorithm , the problem is the Price which wont change with a new algorithm , look at the other coins that tried that 3, just because you have access to 7 milions pople via facebook and twitter you think that some of them will buy a graphic card and start to mine nyancoin or invest real money in it by buying bitcoin , you forgot that these people have no use of nyancoin for the games they play your secrecy is more contraproductive then beneficiary ,getting peoples hopes up is unnecessary , just tell us what you are working on ,no BS and these stupid announcements of big news coming up We aren't being secretive. If you have suggestions on what we can do to raise the price, please let us know. Right now, a new algorithm seems the most obvious thing that we can do to improve the coin. If you think the time is better spent doing something else to raise value, please say so and we will seriously consider it. if you are considering to change the algorithm then do it like Spaincoin ,a hardfork that changed the coin from Scrypt to Scrypt-N which protects the coin of ASIC miners and makes it harder to mine for GPUs too, Vetcoin is Scrypt-n and they are doing well, also you could implement reduction of block reward , like Digibyte did 0.5% per week which is not radical like block halving but a good slow pace, maybe you could reduce it like 1 nyan per week 337-336-335 and so on What about X-11? A lot of people on the subreddit have suggested that one. |
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There has been a lot of work behind the scenes to make Nyancoin a success and the community has been very helpful so far. We wanted to give you guys an update on some of things that have been decided:
First: We want everyone to know that we are changing out policy and that we will be present a lot more often to interact regularly with the community. It is our intention to respond to posts daily and answer PMs just as fast.
Second: We have been putting a lot of thought into how to improve the coin and as a lot of users have mentioned that KGW is not optimal. Therefore, we are working on a new algorithm to further improve the coin. Any suggests are welcome!
Third: As far as fundamentals and promotion of the coin is concerned we have a lot of resources:
- Nyancoin IP
- Access to Nyancat Facebook page and Twitter (7 million combined followers)
- One of the largest communities of any coin on Reddit
- New games coming out every week
- The support of the creators of the nyancat meme, who have a wide network and resources
After discussing it with Chris, it was decided that asking famous nyancat supporters who did not express interest in bitcoin or cryptocurrency in the past to give shoutouts was not a good strategy to take. However, if there are individuals who have expressly shown interest in both the nyancat meme and cryptocurrency (maybe influential youtubers or someone similar) that is a different story. Any suggestions are welcome.
Finally: If everything goes well, tomorrow or the day after should see some big news for Nyan. It's something that the community has been talking about for a long time and we are counting on the community to help promote the coin when the news comes out!
We want to end this update to re-emphasize that from now on we will be posting and answering questions a lot more frequently. Any community input is welcome and we certainly need the community's help to make Nyancoin even stronger going forward!
sounds to me like wishful thinking 1. you said two months ago that you are going to be more active and interact with people 2.there is nothing wrong with the current algorithm , the problem is the Price which wont change with a new algorithm , look at the other coins that tried that 3, just because you have access to 7 milions pople via facebook and twitter you think that some of them will buy a graphic card and start to mine nyancoin or invest real money in it by buying bitcoin , you forgot that these people have no use of nyancoin for the games they play your secrecy is more contraproductive then beneficiary ,getting peoples hopes up is unnecessary , just tell us what you are working on ,no BS and these stupid announcements of big news coming up We aren't being secretive. If you have suggestions on what we can do to raise the price, please let us know. Right now, a new algorithm seems the most obvious thing that we can do to improve the coin. If you think the time is better spent doing something else to raise value, please say so and we will seriously consider it. |
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Today was not even the real announcement. Hopefully, if everything goes well, tomorrow will bring the real news. Stay tuned! |
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Any details of the new algorithm ?
There are a lot of candidates that we are considering and we are open to suggestions from the community. Please let us know if you have some ideas. Rest assured though that we are proceeding very carefully with it. |
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There has been a lot of work behind the scenes to make Nyancoin a success and the community has been very helpful so far. We wanted to give you guys an update on some of things that have been decided:
First: We want everyone to know that we are changing out policy and that we will be present a lot more often to interact regularly with the community. It is our intention to respond to posts daily and answer PMs just as fast.
Second: We have been putting a lot of thought into how to improve the coin and as a lot of users have mentioned that KGW is not optimal. Therefore, we are working on a new algorithm to further improve the coin. Any suggests are welcome!
Third: As far as fundamentals and promotion of the coin is concerned we have a lot of resources:
- Nyancoin IP
- Access to Nyancat Facebook page and Twitter (7 million combined followers)
- One of the largest communities of any coin on Reddit
- New games coming out every week
- The support of the creators of the nyancat meme, who have a wide network and resources
After discussing it with Chris, it was decided that asking famous nyancat supporters who did not express interest in bitcoin or cryptocurrency in the past to give shoutouts was not a good strategy to take. However, if there are individuals who have expressly shown interest in both the nyancat meme and cryptocurrency (maybe influential youtubers or someone similar) that is a different story. Any suggestions are welcome.
Finally: If everything goes well, tomorrow or the day after should see some big news for Nyan. It's something that the community has been talking about for a long time and we are counting on the community to help promote the coin when the news comes out!
We want to end this update to re-emphasize that from now on we will be posting and answering questions a lot more frequently. Any community input is welcome and we certainly need the community's help to make Nyancoin even stronger going forward!
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That's looking awesome! Great work! |
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I just contacted Chris to see where they are going with their promotional campaign. Hopefully I'll have some good news to report soon |
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I will join for sure.
My largest worry is that the largest group that is following Nyan Cat is the younger people,
Most of which love the anime nature of Nyan Cat and the meme is really fun too
though most do not have the money to or the idea of what an investment is.
The best way to include these people into the market is to find ways that they can get Nyan Coins without paying for them for starting out.
People love free things and locations where they can get them.
The best things to add are as many reasons you can think of why people would want the coin and where to use it. People need a use for it. If they find it really useful or if there is a large enough of personal gain then they will use it.
It is simple. You just have to prove it too them it's awesome and show them all the places they can get it for free.
It's interesting you say that because I can see a very large chunk of Nyan Cat fans being in the 18-24 age bracket. Yes, there are a lot of younger fans but we still have quite a large reach in young adults, which in my opinion are people willing to invest in new technologies. I think we also have great potential in reaching female users, which account for over 50% of the fans! |
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Hey guys,
There are plenty of people emailing us and asking on the Nyan Cat Facebook page asking the same question "What is Nyancoin?". I'll be posting an image on the Nyan Cat facebook page shortly explaining how nyancoins work. We're also working on a video which will explain things even further. Does anyone have suggestions on what we should add besides the standard crypto info?
Also, we're still working out our promotional campaign and we have a few people helping us now. If you have any good ideas or you want to join the promo team please contact me or atheistftwins.
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Devs online!Catch him  Thanks for the updates. Nekonauts is ready for the campaign!!! haha np How is your giveaway going btw? I will follow your step.I will start the Chinese giveaways as soon as possible,maybe today!:DDD Sounds good! Let me know if you need anything |
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