My initial target is 4000 sats. That's about 1 cent USD right now, which, given the number of inactive FLEX coins that most likely got lost along the way, is about a 1 million dollar market cap. Given the usage of Cinder in Thorns of War and on Earth Assembly that should be a reasonable target. Eventual development of in-person exchange tools for smartphones and apps for vendors and ticket booths would push the market cap far beyond that. I highly suggest anyone reading this buy up to 20 sats and hold for 200x profits. A new release date for Thorns of War is coming within the week.
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If you are a C coder who can switch Cinder to a new code base with faster block times and fewer confirmations, please contact me. I'm focused on Thorns of War's rerelease and the payment processing aspect via Earth Assembly. Frankly I think off-blockchain transactions will dominate on/among websites and Cinder has a good enough block time for its actual usage, but eventually we'd like to be ready for inter-site and inter-device instant micro-transactions. People want to transfer money around the world or face to face as easily as handing someone a dollar bill.
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Can't believe Cryptsy finally updated to Cinder. Thanks to them for at least doing it at all =)
Looks like we have something to work with now. I took some time off from Thorns of War development because I was running out of money, but I'm getting warmed up to dive back in now. Thanks to those who've held fast.
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I'd like to see it on Poloniex next. Alts are in a terrible slump right now, so I'm mainly focused on adoption rather than courting speculators. Working my butt off to get Thorns of War online by mid-February. I think what we need is a second dev who wants to focus directly on the coin itself. We could also use a community manager. Cinder is here to stay, but right now I can't fill all of these roles myself. Once ToW launches I can do more promotion myself, but if the community wants things to happen now you need to step up to the plate.
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Placing a wager with someone on Twitter is EASY! Just post this status to Twitter:
@twitter_username I #wager you amount Cinder note
Example: @JasonCatalyst I #wager you 10000 Cinder that the sky is green.
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If you're on Bittrex you need to move your BTC to... https://lazycoins.com/... and your CIN to... http://www.earthassembly.org/... or to your wallet to stake for 10% interest. If you're on Cryptsy you need to move your BTC to LazyCoins, and submit a support ticket telling them to open the FLEX wallet so you can remove your funds to your Cinder wallet, or elsewhere. Do not buy FLEX on Cryptsy until they update their wallet. I also suggest we don't sell any Cinder under 100 sats on LazyCoins. A lot of coins have been cleared from the market. Let's get our coins staking and let a higher floor build.
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I'm really busy with coding WagerBot for Twitter. Would anyone like to volunteer to research how to get Cinder added to Poloniex?
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To connect your Earth Assembly account to Twitter, post this status:
#cinderverify alias
Alias is the name you use on Earth Assembly. You'll need to confirm it on Earth Assembly.
Example: #cinderverify Catalyst
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Just finished up a Twitter tip bot. Click Twitter in the upper right of the Earth Assembly portal for instructions. http://www.earthassembly.orgSyntax: #cindertip @screen_name amount note Example: #cindertip @CinderCoin 10000 Cinder tip for you!
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If you add up the coins sold 12/14/2014 at 11:58:33 AM you get the number of coins held by the second FLEX dev who decided to keep his half of the premine: 675k I'm glad they were dumped for cheap. If the price doesn't begin to drift up too fast I'll be buying more in the next couple weeks. The market cap is WAY too low. If someone spent 9 BTC of Cinder they'd need all of the coins in existence to pay the bill. I might do a couple simple gambling games to encourage people to hold a stash. Checkers, anyone?
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It's very possible to accept payments with a wallet and some coding, but to make it simpler I'll be implementing an API into Earth Assembly. Email me and we can talk about your specific setup to figure out the best way to go about it: jasoncatalyst@gmail.com
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You can now send BTC to your Earth Assembly wallet and it will automatically convert to Cinder. The current exchange rate is 12 sats, so those of you familiar with exchanges (probably all of you reading this forum) should stick to buying it on Bittrex or LazyCoin. When the price and volume go up it will be much easier for me to use an exchange API to keep the price on EA more in line with exchange prices.
People new to Bitcoin will have to become familiar with Coinbase or ExpressCoin since, for now, I won't be implementing PayPal. Only Bitcoin and Cinder can be sent to the site, only Cinder can be stored on the site, and all Bitcoin is converted to Cinder upon arrival.
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PayPal's chargebacks are a real issue. It's one thing when selling game credits, but when selling something that actually costs money to restock it's a problem. We need more than crypto-enthusiasts who understand how to use the exchanges. We need regular folks. I'll need to add the option to buy Cinder with Bitcoin directly on Earth Assembly.
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I've come up with some new funds that will keep a roof over my head for a while longer, which means I've reconsidered my priorities. Earth Assembly will remain a simple social network for the time being while I focus on three main things:
1) Implementing PayPal into EA to provide a path for USD to Cinder. 2) Polishing Vikings. 3) Launching Thorns of War.
I'm thinking I'll skirt PayPal's issues with chargebacks by selling VIP memberships to Earth Assembly which just so happen to come with "free" Cinder. Has anyone seen another coin attempt to use PayPal to sell coins similar to this? I'd love to learn from their experiences.
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The web wallet is fully functional and Cinder can now be spent in Vikings. Tomorrow I'll be starting on shops, which users will be able to create in order to sell goods to other users. Be sure to register on Earth Assembly so that you can keep tabs on progress and help find bugs in the social networking features. http://www.earthassembly.org
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it seems perfect that you work to give a utility on the market, Do you mean that almost no one will use the linux wallet? I have over five million of their currencies expecting a linux portfolio if you already tells me not to use anyone, perfect
Are you saying you have 5 million coins and are waiting for a Linux wallet? I'm pretty sure the FLEX linux wallet will work. http://www.mediafire.com/download/oohl7msmplvss9v/FlexLinux.rar
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hope you serve to concentrate more on development.
My focus is on giving the coin value, not features few people care about. The feature I care about is having a fast digital currency, free of wasteful mining, that facilitates low-cost, frictionless commerce. when the linux wallet?
When a wallet almost no one will use takes priority over the e-commerce applications I'm building for the coin. hahaha and flashmine...
I have no idea what you're talking about.
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