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Getting a good exchange script that is secure and patched against exploits is gonna be expensive. I would be wary.
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$20 a MH/s? That seems pretty high.
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Looks like a longer tube. How did they get the efficiency up?
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Just sent a .6 btc investment to Anon136 for Phase 1
TX ID: 21315ceafde2134ff6fb648f287d27ffdf9c054c4a1d5e1016a217895cfbca93
That ends our phase 1 IPO. We have moved to mandatory escrow. We hope that other coin IPO's follow in our footsteps. |
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looking good, glad I invested!
and also you can move my investment to escrow.
And you have lost your investments to this scammer You still going to insist we are scammers? We are in the process of removing direct investments and switching to mandatory escrow. We are doing everything we can to mitigate investor risk. |
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We have contacted anon136 on the best way to cover escrow fees (out of our own pocket). We want this to be as safe as possible for the investor. We believe that this is the best way to insure everyone uses escrow.
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Furthermore, we insist that investors use escrow. We are considering covering all fees with our own money.
This will be awesome, and only cost you a small sum per investor (pending Annon136 terms of course...). I'm still not convinced about the coin potential, but impressed by communication, and may participate if you offer this. I've contacted him about this just now. We are also removing the option of direct investment, and are considering moving all currently invested coins into escrow on the behalf of our previous investors. We would like to get approval from said investors first, though. We will release working wallet including examples of the 3 algorithm mining and block maturity after the graphics work is done. This should be online in the middle of phase 2. |
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The idea is that miners have to hold their coins for a set amount of time. When they hold their coins it will be in their best interest to promote the coin, create services, ..., thus increasing its value. Even miners who mine to immediately dump will be forced to hold and promote if they are mining directly.
Of course there are some miners who will want to have their coins immediately I foresee pools like blackcoinpool to mine other coins and buy vested Futurecoins on the open market and pay out their miners immediately. This also good because it creates buy support.
Just to clarify, IPO'ers are not bound by vesting, and can basically pump and dump (in a worth case scenario) as they wish? IPO coins are distributed according to the phase. Phase 1 - 1 week block maturity - From 4/10 - 4/18 Phase 2 - 2 week block maturity (on par with mined coins) - From 4/19 - 4/25 Phase 3 - 3 week block maturity - From 4/26 - 5/2 Nothing of course can prevent investors from dumping, but I believe that this should at least give the market enough time to build support so that a dump will not affect price too much. |
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well I tell all you guys..he is the same person behind neon and edgecoin scams...don't get fooled
I am not the same person. What do I need to do to prove that I am legit to you? |
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Do I still have time to invest this evening? I am just so tired I need a small nap now.  Midnight 4/18 UTC. You have approximately 25 hours as of this posting. |
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3 mining algos mining currently. That means asic / cpu / gpu can all mine. For example SHA256 and skein both mine at the same time. Difficulty is independent in each algo. We do not claim GPU-proof only that the cost of developing ASICs for the other two non-ASIC algos (groestl and skein) will be cost prohibitive for the short to long term future. This structure means that more people (ASIC/GPU/CPU) can mine, we aim for inclusion not exclusion.
Vesting is done by block reward. The newly mined blocks need to be "vested" for a set period of time before they can be spent (details in main post).
Please reply if this is not clear. I am a programmer not a marketer.
Leaving mining aside (as other coins launches have proven it's contribution to final coin value is fairly minimal), can you explain how you see the vesting innovation contributing to coin value? You don't need to be marketer for that, just explain your own vision, your pitch. The idea is that miners have to hold their coins for a set amount of time. When they hold their coins it will be in their best interest to promote the coin, create services, ..., thus increasing its value. Even miners who mine to immediately dump will be forced to hold and promote if they are mining directly. Of course there are some miners who will want to have their coins immediately I foresee pools like blackcoinpool to mine other coins and buy vested Futurecoins on the open market and pay out their miners immediately. This also good because it creates buy support. |
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k is a prefix it stands for kilo it would be pronounced kilo-FC.
In terms of uniqueness we have Dynamic Block Maturity (Vesting) and 3 Algorithm Mining. Both are described in the main post in more detail. Please do not hesitate to ask more questions, and remember that anon136 is doing escrow if you want it.
Question how it will be known to general populace, although the ticker probably will be less sore on KfC legal team eye. * 3 mining algos - what good it brings, considering HVC (with 4 algos) was cracked after a week, and currently the price has tanked almost 50% below the IPO level? * Can you explain in more details the DBM vesting? Is it like IRA or something? 3 mining algos mining currently. That means asic / cpu / gpu can all mine. For example SHA256 and skein both mine at the same time. Difficulty is independent in each algo. We do not claim GPU-proof only that the cost of developing ASICs for the other two non-ASIC algos (groestl and skein) will be cost prohibitive for the short to long term future. This structure means that more people (ASIC/GPU/CPU) can mine, we aim for inclusion not exclusion. Vesting is done by block reward. The newly mined blocks need to be "vested" for a set period of time before they can be spent (details in main post). Please reply if this is not clear. I am a programmer not a marketer. |
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Can you explain what is unique about your coin?
Also, with name like that you are going to run into legal issues with KfC the moment the coin pick ups speed (just see Conio).
k is a prefix it stands for kilo it would be pronounced kilo-FC. In terms of uniqueness we have Dynamic Block Maturity (Vesting) and 3 Algorithm Mining. Both are described in the main post in more detail. Please do not hesitate to ask more questions, and remember that anon136 is doing escrow if you want it. |
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FUCK IPO's JUST GOT SCAMMED AT EDGECOIN
Also if you have any idea of how to promote investor confidence please post below. I still think escrow is the best idea. |
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FUCK IPO's JUST GOT SCAMMED AT EDGECOIN
We are not doing a scam. We are doing everything possible to minimize the risk to the investor. We heavily recommend escrow if you have even the slightest doubts about us. |
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Humm... It seems that edgecoin turned out to be a scam.
What do you think we should do to raise investor confidence?
Mandatory escrow? (I think fees might be prohibitive to smaller investors)
Wallet video?
Please comment below. We want to do what the investors want. We have no intention of scamming.
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0.1 btc sent
txID: fe3ab2831405711df3f06957d452c910b21e8cda35b0e49bbcfe699cdfade9a3
Where did you get this txID? If I want to send them from my mintpal wallet, will I get a txID? I recommend you send from a wallet that you control. |
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What is the exact time of ending each IPO stage?
Is there a limit for investments per person?
This will be a 3 phase IPO, each being a non independent percentage from the 5 million kFC IPO allocation. Each phase will be rewarded coins from different block maturities. Details are as follows: Phase 1 - 1 week block maturity - From 4/10 - 4/18 Phase 2 - 2 week block maturity (on par with mined coins) - From 4/19 - 4/25 Phase 3 - 3 week block maturity - From 4/26 - 5/2 There is no investment limit. Investment limits achieve nothing other than forcing people to create more accounts. Ok, got it. And what about time? 4/18 - it is 24 hours. Does it mean April 18, 00:00 GMT? Sorry about that let me clarify, 00:00 UTC on every date except 5/2. On 5/2 the investment period ends on launch. I am going to update the thread now. Planning on last minute investing? |
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What is the exact time of ending each IPO stage?
Is there a limit for investments per person?
This will be a 3 phase IPO, each being a non independent percentage from the 5 million kFC IPO allocation. Each phase will be rewarded coins from different block maturities. Details are as follows: Phase 1 - 1 week block maturity - From 4/10 - 4/18 Phase 2 - 2 week block maturity (on par with mined coins) - From 4/19 - 4/25 Phase 3 - 3 week block maturity - From 4/26 - 5/2 There is no investment limit. Investment limits achieve nothing other than forcing people to create more accounts. |
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