+10 for my vote.

Can you make a giant "X" inside the whole coins background, by just making it a lighter shade of blue... (Like a 12% translucent/visible White "X") Just on the blue.

Either a roman-numeral X or a standard X or a literal X pattern, like a Railroad-Crossing pattern... but not a railroad-crossing pattern. Try all 3 and post them.

I believe we accepted 5% for the POS. Changed from the 7%

However, we need miners and more coins in more peoples hands, which is why the POW was extended to 2-years at an acceptable matching quantity. Without enough of a reward to mine, there would be only a few miners. With too much reward, past miners and holders now, would lose value.

We are also working on other things to bring more new people here. Otherwise it is the same thousand people trading back and forth to one another.

Coins NEED POW. Without POW, everyone is just holding, or selling-off the POS rewards, which can be sold for pennies on the dollar. This is why premined coins and POS-only coins have a difficult time surviving. The only value they have, is what you put into it, after POW ends. The average value at the moment is about 1700 sat. Once the 200-300-400-500... sat coins are purchased, the average price of coins will drop to about 1500 sat, then continue to lower as everyone cashes-out POS rewards, which cost nothing to make. (Which is why POW will be reinstated. So this does not happen until there is MORE reason to hold and invest again. Like the Multipool.)

Remember, like most coins, this one started off with a poor design that only had gains for the developer. He took his gains and left. Luckily, he didn't get much. Now, what little he has, will still not amount to much. Not unless he starts mining and/or buying more coins.

Don't mistake the "fake pumped high" as being the real "high" on any coin. Those are not real values. The coins do not fall from that "value", because that was not the actual "value". The value of each coin is its own value. This is not like FIAT, and many people forget that one coin is not the value of all coins. The price you buy it for, or the cost that it was to produce it, is the value. You reduce your overhead value, if you invested more than the value, by buying more lower, or selling at a higher price, to buy more at a lower price.

Once we have the multipool setup, I will take some additional time to provide some decent "trading tips", for those who need some guidance. They will not be specific to any one coin. However, those who need help getting that traders perception, will enjoy it and hopefully gain from it. This is a unique form of trading that does not hold many of the same standard attributes of REGULATED FIAT or COMMODITIES or STOCKS, since, in essence, it is an UNREGULATED FIAT/COMMODITY/STOCK. (I have traded on all three major markets, and two of the previously banned loose-regulated markets. Now I am 100% into this unregulated market.)

Just had something brought to my attention...

"HonorCoin" is a (TM) {Might be "The HonorCoin"?}

I suggest that we consider possibly using a neutral alternative...

"Honor Code" (Fitting to the coins.)
"Honor Craft" (Craft, as in skill, but it doesn't sound that way)
"Honor Cast" (Cast, as in created from. Sounds broken. xD Cast...)
"Honor Cent" (Um, don't like the implication.)
"Honor Club" (No girls allowed! Just kidding.)
"Honor Court" (Court, as in an open area. Sounds legally restrictive.)
"Honor Cloud" (Oh, fluffy clouds of data!)
"Honor Crusade" (The secret cult of the Honor Crusaders!)
"Honor Cash" (Um, cash, as in money, and as in a buffer. Sounds iffy?)
"Honor Crack" (Ok, that was a perverted one.)
"Honor Call" (Like a call to arms... Call to honor, honor call. No? xD)

Just threw some ideas out there.

Unless you guys want to attempt to involve the owners of the trademarked "Honor Coin" to join us, or us join them. They do have their own physical coins and a decent purpose. xD

I prefer "Honor Code", for my vote... Unless someone comes-up with a better one.

From what we have concluded, as a group, by vote...
(Further votes and opinions are still being heard and accounted for.)

1: The exchange will still continue, as a new wallet is required. However, to preserve our holdings value, to keep aligned with the charts values, an exchange of 1:1 will be made. There will NOT be a coin-doubling or value-halving or share-splitting.

2: POW will be reinstated, instead of a 1:2 exchange, which will introduce coins over a 2-year period. These coins will have to be mined, and thus, have an initial value that was earned. This will increase the market-cap of POW blocks, to 42-million, after the two years is over. (21-Mill POW old + 21-Mill POW new)

3: Block-times will be extended to 2-minutes, with rewards of around 40 coins per block, or 28,800 coins per day. (x11 I believe?)

4: There will be a strategic multipool setup, so while POW is being mined, you may ALSO mine with an alternate algorithm, for XHC rewards.

5: Plans to get the block-explorer setup, will continue once the new wallet is out.

6: Plans to get the paper-wallet setup, will continue once the new wallet is out.

7: Tumbler services (I think that is what they are called), will be created externally from the wallet.

8: We still need a logo, ASAP!

9: Name and trade-symbol will remain the same. (XHC HonorCoin)

10: Working on many promotion ideas, to move forward, once we have settled-in to our new shoes.

======================================

I think that covers the summary of what we discussed in the IRCchat. Many serious concerns were addressed, and worked to an agreeable resolution. This is going to be one of the best rebirths of a coin that I have ever seen. Those selling-off, will wish they had picked-up more.

I am not sure what exactly is going-on. I don't remember electing anyone to do anything, or voting on anything. After my initial suggestion of the take-over, the person who seemed to be taking it over, just started spewing-out things that didn't seem in the best interest of anyone except himself. (Or some other unseen person/persons.)

He mentioned something about getting a community vote, but I woke to find no vote, and a proposal that just didn't make sense. (From any angle.)

I would assume that the person who was going to lead the development, was somehow extorting him. I can't think of any other reason for that rush on doubling and the super-short POW phase. In all honesty, I was just going to rent a crap-load of miners and throw them at the coin for an easy 5-million more coins. xD Why have one, when you can have two for twice the price!

In any event... He has not contacted us, or the exchange, since the last mention of the proposal. He didn't hesitate to throw-up the donation links to his personal account though. Donations are fine, but not without some kind of escrow-service or prior trust in an individual or team. I didn't see a team, just an individual that was not listening (or replying) to anyone.

Keep your coins in your wallets, raise your sell-orders unless you actually want out, and buy a few if you can spare it. If only to hold the floor, while we come-up with an actual "Community" solution, that we agree with. We all have some stake in this, others more than some, but this is still an "Us" thing, not an "I" thing. I would not doubt if he just ran-off to make a whole new coin. xD (Seems to be the thing to do now.)

We do need to get a block-explorer back up again. The wallet, well, we can wait on that for the time being. I have to shoot some ideas to my marketing buddies, and see what we can do to pull as far away from the HonorCoin image, as possible.

I do, however, like the idea of POW being reinstated. Without POW, there really is nothing to add value to the coin, unless we have that multipool. That would mine other coins, but reward with this coin, which is gotten by buying it back, to redistribute, from the gains on the other coins that are being cashed-out at ideal times.

Having POW extended, will increase the cap, but it will also set a maintained value (via loss from power-bills), which will limit the price that they can sell for, while it continues to place more coins in more peoples hands. Having 2x the volume, distributed over a good year or two or four..., will not hurt the value of any current holders. While, at the same time, it will not destroy any desire to mine or buy.

Multipool, is the first best thing we can do.

Any suggestions for names, or rebranding, are more than welcome. Obviously.

I will see about drawing up a generic plan for us to conquer, unless someone has some other idea, besides splitting our value in half, giving the illusion of us being twice as rich. xD

I am in the IRC chatroom, for those who wish to drop-in. Might as well use it. xD
http://webchat.freenode.net/?channels=%23restoringhonor

Going to sleep now. Should be back in a few hours.

If this goes to an extreme confusion... Due to the take-over... I will just have the whole coin 1:1 swapped-over to a complete rebranding. (It will NOT be known as HonorCoin in the future. There is just too much confusion with recycling that name now.)

I will create a new forum name, for the coin, that can be passed-on to any active dev-team, as well as a full website.

I would hold-off on donations, for the time being. The person/group or whoever, that was taking this over, has not replied to me, or anyone-else. Not sure if it is due to complications or something-else. However, better to be on the side of caution.

I am in the IRC room, but Jarvis has not responded there, and has not come back since he left the other day.

I don't think the new coin will be ready by the date they wanted.

Assume it isn't going to be ready, and the coin will continue exactly like it is now. No coin-doubling and no extended POW.

If there is an issue, I will see what I can personally do, to get this moving forward again.

At the moment, I have acquired about 4% of the total coins, by buying them from those selling. However, I would not just "give them away", as that would only cause the coins value to drop, as people dumped them.

We have a solid foundation to build upon. Now all we need are buildings.

I would like to have some form of vote-system setup, where coin-holders could cast votes, using the coins themselves. (Coins would not be "spent", however, they would be "locked" like they do for POS, for a designated period of time.) This, to cast votes by the majority holders, and also to reduce the inflation of POS rewards, to further increase value. Also, this could be extended to a paid-vote system, where the votes count as donations, but only to the winners of the vote. (Think of it like bidding-votes. If you supported flying cars, and others supported boats... If boats win, then those who supported flying cars shouldn't have to pay. They wanted flying cars. xD)

If we can get a multipool setup, I would be glad to use some of my knowledge to guide it to acquiring more value for us. (Since auto-multi-pools are essentially garbage that can be manipulated into mining pure junk for 100% losses.) However, this would be an external function to the coin, not an integration. It would require a "destroy coin address" to be found. (I will explain that process and purpose when needed, if it is needed.)

I believe the giveaway will be coming from the pool, once the multipool is setup and the POW has come to an end.

The new coin that will replace this old one, is being setup and tested.

Um... You sold for more than you bought them for... and that is bad how? (By the way, that might have been me buying them.)

The auction is already happening. Bids are going-in. However, the govt does not have money on the exchange to boost prices. China does have lots of BTC to spare, to push it down. Not on Huobi, on BTCe and Bitstamp, the only two decent USD exchanges left. (Coinbase just buys where-ever they can, lower, and sells at whichever price is higher. Though, they have their own sources.)

The last attempt at a panic failed. xD On BTC. I think that cost them more BTC then they made, because Huobi remained at $585 while that idiot dumped to try to cause a panic on Bitstamp. Hehe, Reverse-pump (pull-down) fail. I love when people think they have a plan, and it fails.

BTC Price will not rise significantly until after they own them. You don't pump until after you win the low-bids.

It costs over $200,000 just to place a bid. Not like they are going to have to deal with millions of buyers. There will be only a few.

P.S. Might want to change the date of the launch, so it does not cross-paths with the BTC auction going on. Not sure what impact that will have on the coins value, as I expect it to reduce the value of BTC a little. (They seem to be trying to control the BTC market a little, to keep bidding low on the BTC auction. Plus, I am sure they will attempt to take advantage of the news, and cause a little more panic in BTC once the auction is over.)

Though, that should actually raise our prices, since our prices should raise as BTC falls, so you get more BTC of less dollar value. These people lowering price when BTC lowers, are going the wrong way. xD Don't they realize they are getting even less dollars, when BTC drops and then they ask for less BTC from this coin. xD Some noobs never learn.

I have thrown up to 5 BTC at 200 sat, and no-one took it... If it does go under 200 sat, it is only because someone is willing to take a big loss. The average price, for coins that have been purchased, is well above 1700 sat still.

Though, the more that buy these below 1700, like myself, are offsetting the higher price paid. Thanks to the lower prices, I have lowered my average price paid from 1700 down to about 500. The rest remain around 1700 sat or more, because they are not buying these lower coins. Luckily, I am in this for the long haul. So that is nearly 1,000,000 coins out of dumpers hands.

222 sat was the lowest, and at 200 sat, no-one was biting my large listings. So, I believe it is safe to say we are on the floor, and it will not go much lower. Trust me, NOW is the time to be buying more. Buy on the low side, just catch the ones as they sell-out. There are only like another 2-million even listed.

Don't forget the IRC-Chat room... #restoringhonor

I am trying to let others get some... xD

However, I am not going to wait forever. I am pushing nearly a million coins now. There is only a million and a half still listed. Where are they all?

Might want to move your orders back to 8000 sat, unless you want to get out. Your losses are my gains. (That is not directed at anyone, just a general comment to those who are just leaving with a loss. xD)

I think the multipool will be one of the strongest points of this coin, besides the paper-wallet.

Will be interesting to see how this plays-out.

Now all we need is a wallet-consolidator. Have a new wallet that pulls only non-zero balances from the chain, creating a new branch every few months. Hence, it will shorten the chain for faster downloading, while locking-in some security as forced checkpoints. You don't need the historic blocks unless you actually have an older wallet and need to see the transactions. (Servers and pure-nodes would use the full chain. While the users only need the forward-non-zero balances up to the point where they created the wallet. Would also allow wallets to "clean-up" any unused addresses, for those who use disposable addresses. Not a wise thing to do, if someone deposits into that address again. However, tumblers don't usually recycle addresses, I think.)

Now I know this will really sit sour with some people... but having a minimum transaction fee of something like 0.0001% (0.00000001 which-ever is higher, to reduce dust tx's and un-needed micro-transactions), might also be a good offset to the POS, to help ensure some value. With the tx-fees directly off-setting the POS reward limit. (EG, if there are 100 coins in tx-fees, then those would come off the top of the POS generated coins for that period. Thus, rewarding the fees to the POS solver, giving a good reason to stay mining POS for the coin.)

P.S. Not sure if it is in there, but if there is still a fee for "excessively large blocks", that should be removed, and it should simply split the transaction kindly into multiple transactions. That is the stupidest thing to have, since it is defeated by just sending multiple transactions, thus, it is just a hindrance to using a wallet.

Make sure that the new code is ready for the exchange... They just had an issue with SUPERcoin, which had odd MAX values that seemed questionable to "validity-checking".
https://bitcointalk.org/index.php?topic=652351.0

HonorCoin was mentioned, seems that coin was cloned off HonorCoin... I think that is what they said. Not sure, don't follow SUPERcoin.

P.S. Stay miles away from the ANON features. They are not worth coding into the coin itself. There are plenty of non-integrated options already out there. Every coin that has had ANON features spoken-of or implemented, is becoming a specialty-novelty coin with no real interest beyond thieves. We don't want this coin to be so complex that we can't figure-out how to fix it if stuff starts to break, or it has to be taken-over again. (It will need to be taken-over again, in the future. Not like you will be around for years, working on it.)

In any event, the code/daemon was not ready for the exchange.

Fix the code, submit it again, then it may make it. Obviously, it didn't have any actual support if it dumped. Obviously, that supporting price was a false illusion. Does that when people buy and sell their own coins to make it look like volume is high. Sell the same coin 100 times, it looks like 100 units of volume. Reality was, it was 1 unit of volume, which cost a small fraction in trade-fees, to make it look 100x bigger than it actually was.

Seems we need to have a "Formula", which is locked within the GENESIS-BLOCK-SEED, so it can't be altered and can easily be identified. Even if only a representation, like hard-coding the MAX-BLOCK-COINS and MAX-STAKE-COINS, or other limits. (Even if unlimited. For those coins without limits.)

Then it will not matter what code is used, as long as it fits within the hard-coded limits, which have to check against the GENESIS-BLOCK-SEED. (That only requires "digging for a genesis block seed", with a corresponding value.)

However, the old trick of just generating a "valid" seed, would no-longer be acceptable, since it has to be valid, and with a specific corresponding output comparison.

In any event, that code is essentially useless, if it is beyond the range of possible coins. Like 0.00000000 isn't even possible anyways. While checking to see if it is below 150,000,000 when the max total will only be 50,000,000 is equally as redundantly stupid. The only reason for it, would be so someone can do a massive double-spend attack, or other block-altering, which will not harm the network as a whole, just those who are on the same altered chain as them. Which, the program we ALL USE would say... Sure, a spend of 100,000,000 is OK, it's under 150,000,000.

However, I would review some of the other coins now, for that same issue. Time for someone to update their instant-auto-coin-maker programs.

P.S. The price of SUPER was falling before they said anything. You are getting mad because the crash just happened to continue, after the news. (News which few people read. Not that moving a coin to another exchange actually adds value, it decreases it anyways. You expose it to more people who want to dump.) Don't get your causality construed.

I believe it is, but you have to update your signature so it doesn't point to the old thread. The post is a few pages back.

Will we be mining into the wallet, or into pools, or both?

Have you thought about extending the POW days, or is it still only seven days?

You can reduce the "dump potential", if the reward is setup to increase from a starting value of something like 10 for reward, and increasing 50% with every 1000% (10x) hash-growth. (Hash-Growth/Difficulty)

EG...
(Diff adjust)
HASH POWER : BLOCK REWARD : PerHashUser*
0 : 2 : 2 (BaseValue) : 2
1 : 10 ((2*0.5)*10) : 10
10 : 50 ((10*0.5)*10) : 5
100 :250 ((50*0.5)*10) : 2.5
1K : 1250 ((250*0.5)*10) : 1.25
10K : 6250 ((1250*0.5)*10) : 0.625
100K : 31250 ((6250*0.5)*10) : 0.3125

Etc... Going until the last block, which will just equal the goal. Where-ever that falls.

(*PerHashUser would be if each person had enough hash-power to equal 1. Users with more hash, obviously get more. The more that join, the less we all get, just not as exponentially decreasing as the fixed-reward system. Also, this places less in the hands of dumpers, immediately.)

To extend it, start at 0.00000002 to start, for best results, and longer "value adding".

Result would be...
0 : 0.00000002
1 : 0.00000010
10 : 0.00000050
100 : 0.00000250
1K : 0.00001250
10K : 0.00006250
100K : 0.00031250

Etc...

If the formula is too complex, a standard increasing reward would suffice. Miners will come and go, but more will stay and come with the slow and progressive increase. (I don't think pool-rape will be an issue, since they can't setup calculations that fast. xD)

However, I am sure someone is going to rent some serious hash-power for the week, if this only lasts a week. (Still, renting would be a loss. Cheaper to just buy them, then sell later. xD Like I am doing.)

No money was stolen in the first place. The ONE person who had an account hacked, ASSUMED it was the dev. Nothing points to that in any way. Looks like they just got hacked, days after signing up to the free-coin-giveaway. Everything was done on the exchange, and everyone who sold, sold to someone making a purchase.

You want to offset your losses, buy more at the bottom, now you can sell your total for less than you could before. (Trades, how is they do work?!)

On the note of the 1:2 exchange, I vote HELL NO.

1: That halves all our value, demanding that we now have to sell twice as many coins.
2: That makes the new 6-Million effectively only 3-Million, since there are twice as many coins now. This is only half effective.

The "mining for 7 days", though it is longer than the original POW, is hardly "fair", and not good for "distributing the reward". That will leave the majority of new coins in only a few peoples hands. Adding that to the already mined number of coins, and you have a mining reward that will grant only a few people tons of "high value coins", that cost them nearly nothing to mine. (Might as well be POS doubling.)

Mining needs to be like a year, at least, if it is that quantity of coins, without the doubling 1:2 of the old coins. The mining should be reduced monthly, but not halved, which leads to less miners as value remains the same, or more miners getting less, who will have to demand more value for the reduced reward.

POS will do nothing but decrease reward more than it encourages people to obtain more. POS is a novelty, a gimmick, not an economic advantage, unless the coin has constant losses from something like fixed minimum transfer fees that are forced. (Then, POS would only be a "balancer of loss", if it ONLY produced POS reward to equal any lost tx-fees or other losses. But we can never prove "other losses".)