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Hey everyone,
I just wated to give you all an update. There are MAJOR developments happening behind the scenes, which should manifest in a month or two. Anyone holding any MetalCoins should hold on to them, or sell them back to me, as they will be quite valuble in the near future. Anyone that missed the train... what can I say, you REALLY missed the train.
Thanks again, Talk to you soon!
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Hey everyone. I want to be honest... this is not working. I'm not exactly sure why, it could be the timing, or the way I presented the concept or maybe the crypto world is not ready for this concept yet. I laid everything out for everyone and didn't receive a reaction at all, neither good nor bad, just nothing. This does not help the coin.
At this point, I’m not sure what else I can do. EcoinFund stole my money and will not list the coin nor respond to my emails. I've setup Ubuntu 14.04 on AWS, installed what I needed in the environment but still can't get the MTC daemon to work. The person currently hosting the daemon will not respond to my emails and the coding he gave me is incorrect. There seems to be no interest in this coin and I don't want to drag this out and create a bunch of angry people in the end. So, I would like to hand this coin over to the community for you to decide the fate of this coin. Whoever is interested in taking on the developer role for MetalCoin, let me know and I will send you the premine balance. The source code and wallet is available to dl from the op or metalcoin.org. I can also include metalcoin's social media, domains and hosting etc. If no one shows interest, this coin will go offline within a few days.
That being said, I want to be fair to the people that did support this coin, which is why I am offering precious metals to the following people;
- enjoi
- ArcticWolfie
- NoXx
Please email me your mailing address and I'll send you some bullion, in the next week or so.
Any 'supporter' not mentioned above, I'm sorry, but you're not much of a supporter. What do you expect if you can't even spend 1 minute of your time to pm me to collect free coins, or even post a simple supportive post?
I still can't believe that this coin didn't catch on, I suppose it's a reflection of where society is these days, not in a good state.
Thanks for all the stress!
Former Dev
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I'm showing connections to the network, but my wallet still won't sync...
I'm also experiencing the same issue. I'm going to transfer the daemon to a different server today and will post the latest config file after doing so. |
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Just released the details for v.1.3, I'll be around to answer any questions, PM me if you are interested in becoming a premine administrator.
Should get listed on ECoinFund.com within the next 24 hours or so.
I asked you a valid question.. what happens to the coins already mined or purchased and sitting in a wallet? did you just create a crapload of bagholders? All coins are accounted for in the projections, mined, premined and not yet mined. I have mentioned before in the op that this is a bagholders coin, similar to most other investment instruments. You have to sit on it for at least a short term. That being said, the projections are pretty transparent, one can easily gauge the how long they have to wait to make a profit and how much profit they should make at any given time, over the next 2.5 years, under the set conditions. Wallet doesn't snyc with the network.. bagholders from previous wallet are left with nothing. Please read the op before spreading fud. The wallet itself was not updated, the concept was. The wallet will sync, it has just been a while since the last block was found. |
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30% premine? too much man. 1 coin a block vs that.. omg!
SIS Siamese Coin has 0 premine and 2 coins a block.
Fair enough, but please consider that this coin has a life of 30 years and will be backed by precious metals and stock in a brick & mortar franchised business. This coin should not only hold a tangible value backed by a reserve, but may also create a huge speculative value do to it's rarity. Under the circumstances one can not offer longevity and growth without having some amount of premine to rely on. We are trying to address this concern by offering the public the help administer the premine balance as well as the bullion reserve. |
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Just released the details for v.1.3, I'll be around to answer any questions, PM me if you are interested in becoming a premine administrator.
Should get listed on ECoinFund.com within the next 24 hours or so.
I asked you a valid question.. what happens to the coins already mined or purchased and sitting in a wallet? did you just create a crapload of bagholders? All coins are accounted for in the projections, mined, premined and not yet mined. I have mentioned before in the op that this is a bagholders coin, similar to most other investment instruments. You have to sit on it for at least a short term. That being said, the projections are pretty transparent, one can easily gauge the how long they have to wait to make a profit and how much profit they should make at any given time, over the next 2.5 years, under the set conditions. |
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Just released the details for v.1.3, I'll be around to answer any questions, PM me if you are interested in becoming a premine administrator.
Should get listed on ECoinFund.com within the next 24 hours or so.
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Thanks guys, I'll be releasing the update later on today.  |
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I'm working on trying to get us listed on a major exchange. In the mean time, we're climbing up the list on a few voting pages. https://www.allcoin.com/votehttp://www.ecoinfund.com/votehttps://www.kingcoiny.com/landing/index.php?page=votingIf we don't get listed before the weekend, I may just cave in and buy the votes to get us listed on ecoinfund. I spoke with someone from Bittrex who said that they would list MetalCoin if enough people Tweeted "List @MetalCoinMTC on @Bittrex". I'm going to start the harassment now, feel free to join in. Still working on the update, should be done before the weekend. |
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Hey everyone, I'm revamping the concept once again. The new version will be more friendly for short-term investors and will be based on aggressive growth for 2.5 years which should culminate into 4 fully operational franchise locations, MTC growing around ten fold in value and as well as other incentives for coin holders.
I'll be back in a couple days with an update.
To all who support, thanks again!
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Just wanted to thank everyone for supporting/mining. All things considered, I feel the network hashrate shows interest, asic or not. Dank u wel allemaal!!
I'm working on getting us listed on an exchange, I'll be back with an update shortly.
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Is anyone else having problems finding info on the block explorer?
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Is solomining possible? Whats the port number?
Yes, you can solomine this coin with rpc port 21020 |
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No, I'm right here, battling battling the skeptics, while working on the coin. I just want to say that I'm going to stick this one out. I'm hoping that my perseverance and honesty will gain support in the end. I have faith in this concept, even though it's changed considerably from it's original form. I think if enough of us stick around, we might be able to make headway in a month or two. I also believe this concept might be a little ahead of it's time and released under poor market conditions, but wait, someone will eventually offer a similar concept in the near future. We have ATMs, merchant services, point of sale systems and advancements happening everyday. I feel that altcoin trends might do a complete cycle and end up something like the gold and silver backed US bills that they discontinued in 1933. We're already close with all the incentives that altcoins are offering these days. With so many coins released in the past 6 moths, I believe there aren't enough developers to support all the coins and their communities. Everyone is busy trying to boost their own coin and if one doesn't have a coder in their dev team, things generally end up falling apart. This coin can be an industry first and very successful if supported by a strong community, and unfortunately I really missed the 'DOGE-like community support train'. It's big business and people get greedy. Look at what happened to DOGE with Jackson Palmer leaving the community. In some ways, all the hate on this thread might be a good sign, as we might be pulling at the right strings. I put a lot of time into this coin and I'm pursing it more for market presence than I am for monetary gain and I feel that if I stick it out long enough, someone will eventually recognize the true value in this concept. We have interest on Twitter growing daily. Until then, we have 3300 in precious metals for now, I might add a few more coins to the reserve down the road, if we need it. There are a few people that have contacted me regarding bounties, I'll post an update when I have one. Thanks again to everyone who supports this coin. Anyone who cares to join me in this battle, I'll be right here. Why would you not offer the IPO before mining commensed? It makes sense to build a gold reserve to back your coin before you started the mining. The problem you have right is contrary to what you consider your asset. You don't have support. There is no one mining on any pools, so the hash must be coming from solo mining. That could be 1 big whale mining all the coins, or a 100 smaller miners. TBH I don't see any value in this coin without something backing it up. You decided to centralize this coin, but you put nothing up to support it. Don't take it the wrong way, correct me if im wrong, but im being critical due to the fact I've seen this concept fail over and over in the past. The longer there is no market for this coin, the faster it will die. Thanks sly5am, I appreciate your criticism and I agree with some of what you've said. I offered the IPO after the release because I felt like the community didn't entirely warm up to this concept and I thought it may appear sketchy if I offered an IPO last minute before the release. I wanted people see what they were investing in and didn't want to raise any more suspicion than I had already raised. In regards to you comments about decentralizing the coin, I still make no apologizes. I feel there needs to be some form of centralization due to the nature of this coin, otherwise how are you going to guarantee the security of everyones gold? Regardless of the decentralized payment systems that cryptos offer, they still have to rely on escrow services when security is involved. MetalCoin is still decentralized at it's core, just like any other coin, we just want to centralize the elements that relate to security and price control, for the best interest of the coin holders. I feel we've made a decent attempt at addressing the issue of trust and security by offering positions to the community to help secure and operate this coin together. |
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No, I'm right here, battling battling the skeptics, while working on the coin. I just want to say that I'm going to stick this one out. I'm hoping that my perseverance and honesty will gain support in the end. I have faith in this concept, even though it's changed considerably from it's original form. I think if enough of us stick around, we might be able to make headway in a month or two. I also believe this concept might be a little ahead of it's time and released under poor market conditions, but wait, someone will eventually offer a similar concept in the near future. We have ATMs, merchant services, point of sale systems and advancements happening everyday. I feel that altcoin trends might do a complete cycle and end up something like the gold and silver backed US bills that they discontinued in 1933. We're already close with all the incentives that altcoins are offering these days. With so many coins released in the past 6 moths, I believe there aren't enough developers to support all the coins and their communities. Everyone is busy trying to boost their own coin and if one doesn't have a coder in their dev team, things generally end up falling apart. This coin can be an industry first and very successful if supported by a strong community, and unfortunately I really missed the 'DOGE-like community support train'. It's big business and people get greedy. Look at what happened to DOGE with Jackson Palmer leaving the community. In some ways, all the hate on this thread might be a good sign, as we might be pulling at the right strings. I put a lot of time into this coin and I'm pursing it more for market presence than I am for monetary gain and I feel that if I stick it out long enough, someone will eventually recognize the true value in this concept. We have interest on Twitter growing daily. Until then, we have 3300 in precious metals for now, I might add a few more coins to the reserve down the road, if we need it. There are a few people that have contacted me regarding bounties, I'll post an update when I have one. Thanks again to everyone who supports this coin. Anyone who cares to join me in this battle, I'll be right here. |
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June 23, 2014 Update: 242mh/sec and climbing! Thanks everyone for your support! Hang in there, we have some action in the pipeline, bag holders will be rewarded in the end. I apologize for the frequent updates but I've had to change the original concept, on the fly, over the past few days, to gain public support. Things are changing daily. I've been contacted by a few groups that have shown interest in MetalCoin and I'm currently in the process of negotiations with these groups. I'm not promising anything, I'm just saying there is interest and that there is a chance that something may pan out. For this reason, we're going to hold off on releasing an IPO until further notice. Good news for coin holders, as the value of your coins will not be diluted by 100,000 coins. Also good news for MetalCoin as this will provide more cashflow to fund our operations. We've paid out 1,100 in bounties so far and a pdf of the payouts and premine details can be downloaded off metalcoin.org or here ---> https://www.dropbox.com/s/iju0c7u256nm92r/MTC%20Premine%20Account%20%28June%2C%2023%202014%29.pdf. Please let me know if I can or if I should include the forum names of the people who were paid out of the premine amount. I'll update the spreadsheet to include Tx. ID and other info as well. Also, could the following people please post or send me their MTC wallet addresses, in order to receive a bounty for their support; - Bharat - crypto4jan - NoxX - shogun47 - a447513372 - DrSnAzZy - Ownership - Gaoweida - Timeline - adroitful - atavacron - Quantumbud - ArcticWolfie - scorpio18 Thats all for now, I'll post another update soon. Thanks again for all your support! |
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- updated the OP
- bounties revalued
- updated the premine wallet address
- provided a new dl link hosted by dropbox
- IPO is rescheduled for tomorrow at noon local time, escrow account will be provided
Going to update the website and respond to pm's and emails now, I'll be check in here throughout the day.
Thanks again for supporting!
I was just looking at what your giving away for bounties.. those are pretty steep awards , considering your projecting a coin to be worth 3 dollars 'usd' . There is some method to my madness The values of the bounties are based on quotes people sent me for various cryptotech services. They're little on the high side to entice people to fulfill them, however the longer they stay open, the less the reward will be. I'm going post an other update in the next little while, I'm also going to restructure the IPO before I release it tomorrow. To be honest, I thought more people would be jumping all over this coin and although I'm not complaing about 100mh/sec (and climbing, thanks everyone), I just anticipated a bigger following. Needless to say, this coin will work if it becomes tradable somewhere, perferably on our own site. I'm going to pay around 1,100 MTC in bounties tomorrow and if nothing else gets fullfilled, each coin will still be backed by $0.59 in precious metals in 30 days and $0.38 in 60 days (8640 coins in circulation). In short, we have some time to round up a good team, the sooner the better obviously. Once we get started and people see the reserve grow every few days, things will change. |
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- updated the OP
- bounties revalued
- updated the premine wallet address
- provided a new dl link hosted by dropbox
- IPO is rescheduled for tomorrow at noon local time, escrow account will be provided
Going to update the website and respond to pm's and emails now, I'll be check in here throughout the day.
Thanks again for supporting!
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