I feel that you have good intentions, warn the crypto world of this supposed scam.  Good principle, horrible method of delivery !! Anyone actually trying to find out about this coin is probably not taking your posts as you would like them too.

you have suggested a few times that people read a few pages back so they can see your point, see the scam......  I assume you had done the same before you looked at investing in navajo a few days ago, but did you happen to scroll any further back than 3 pages

I've been reading this thread (and the ones before this) for well over a 100 pages.  I would suggest you do the same so you can get a better idea of who soopy is and how we got here... I almost guarantee that your mood will change.  I always do this when looking into a new coin/investment.

you say a simple picture will set your mind at ease and prove that this is not a scam, heck anyone with photoshop and a spare 30 minutes could set your mind at ease then...  what will a screenshot actually prove to you ?

Since you are apparently a very large investor (I wish I had as many coins as you did).  Please read through the sumv2/navajo threads in their entirety.  If you still feel the same way about Navajo after that... I don't know what would convince you.

I will also donate some coins as I have been mining a lot of them lately ( also because I don't really have the time nor skillset to help out any other way :-). 

I would match all donations up to a max of 100,000 THC.... if there is a lot of interest from the community, I might just increase my max donation.

well after lots of searching still cant find the top 100 list... oh well, but I did figure out the total current coin supply is about 2.3 billion.

so, with my 20,000,000 plus QuadraQ's contribution, we must be at least at a 1% total coin supply for bounty... that must be appealing to someone out there.

why start a new crap coin when you can take one over...

I sse what your saying and would have to agree with you.  Maybe if we met half way.... I also really like the latest logo, but what if we were to have the leaf in the background behind the logo somehow... ?  jsut so the leaf is there to show we are proud of it, but just so its not the first thing you see when you look at the logo.  I am not a graphic designer here at all, just throwing out an idea.

I also had another idea recently about a way to get the hempcoin name out there.  With the fluctuating price in hemp and the relatively low interest/volume in the coin/market, I would see it as being very hard to get any companies/websites to accept hempcoin as payment.  And really, with any of the altcoins out there that is accepted somewhere.... is it really being used as payment, or just an option that never gets used.  I could be wrong, but I dont think much product is being sold for altcoins.

I thought of another way to approach companies/websites and give them a risk free way to get their feet wet in the crypto world.

If we were to contact a few well known hemp oriented companies and offer them free advertising on our site/thread, they may want to find out more.... what we could do is advertise their products on the hempcoin page which would include a promotion code.  If you purchase something at the site and use the promo code, you get some free hempcoins....  the purchases would get an email or something with instructions on how to get the coins... this is where the html5 wallet is awesome!!! anyone can create an account and claim their free coins.  Don't need to know anything about cryptos at all, just sign up and claim free coins.

I think this might work well as it would help bring newcomers into the crypto world (newcomers that would fit right into our target market I might add).  This would also be as a first step for the hemp companies to start thinking about the possibility of using hempcoin as a future method of payment.

any thoughts ? positive/negative are both welcome.  Ima big boy, I can take it.

GO HEMP GO !!

wow, I really thought I would have to wait days for a reply.... Thanks, you have enlightened the little hope I had for this. i cant figure out how many coins are currently in circulation (getinfo doesnt show me for some reason).  i would like to keep an updated coin count and percentage for the take-over bounty just to show how much they are actually getting.

I had found a block explorer with a richlist a while ago, but unfortunately I did not bookmark it.  I am pretty sure it was not the poolerino one linked on the OP.

does anyone know where it is or have it bookmarked ?

coins don't die, they just go dormant waiting to be revived.

If someone was to take over this coin, I would donate half of the coins I mined ( 20,000,000 ) to them.

We need POS implemented and somehow get put back on an exchange...

I know, its essentially working for 20 million zero's... but if you were to make something of it, dem zeros could turn into sat's.
anyone else out there holding a good chunk of coins that are willing to add to this pot.

Any takers ?

I've heard nothing from Bittrex, but I know dev has been working with them to resolve the issue ASAP.  I think it ended up being about 20 hours worth of unconfirmed blocks (1200 blocks).

I can only guess/assume that the market may be offline until Dev releases the new wallet he is working on.  this is only a guess, I actually have no clue.

My suggestion would be to mine hemp while the difficulty is lower as I imagine it should jump up once these issues are resolved.  It would also help against a re-occurrence of this recent event.

The path to success is always along a bumpy road.

POS only.... hmmmmm, sounds interesting, what does everyone else think about it ?

I have liked mining hemp and would miss it if it was POS only, but ensuring a stable block chain is much more important than my mining preferences.  This is a big change, but we definitely need to find a way to avoid more events like what happened yesterday.  I lost about 75k coins due to this.

another idea... just thinking out loud and not sure if it would even help.

My understanding of the POS in a POW/POS coin is that it should help against attacks like this(was this an attack, who knows, but that's what I am calling it for now) , correct... maybe ?

but it doesn't seem to be helping us out.  I wonder if it is because the maturity period is too long (45 days).  with this long of a maturity period, there is probably a lot less coins actually staking blocks.  Is it possible to lower this time period significantly ? say like all the way down to 8 hours ?  this way there should be a lot more POS blocks getting generated and thus making an attack harder to implement.

I like the significance/reason behind the 45 day maturity time period.... but would not mind changing it if it helps the stability of the block chain.

any thought comments or confirmations that a change like this would actually help or not.

I have rented a nice chunk of hash and have it directed at hemp as well.  The more people we have mining it the more secure the chain will be.  if your upset the market is closed at Bittrex, well then just mine yourself some hemp instead.

not sure about the dev on this one.... I had high hopes for him and bought a bunch of MUGA a while ago.  luckily I sold most of it as the price was dropping and recovered most of my losses.

I kept some coins just in case it rebounded and still have them...

However, I just frowned as I looked further into this...

We can see that the dev withdrew the development fund coins he purchased on June 20th.

http://explorer.mugatucoin.com:2750/address/MMj8kE9EjFxTVjbazXTVXs5eM7G5XcCzAz

looking at the market history on Bittrex, there was a time period where about this many coins were traded between 17:00 and 17:29 on that date... (not sure which timezone bittrex is showing me).

during that time frame, the price was 2395 down to 1726.  not sure what he bought them at, but I imagine it was higher on June 8th ( when he posted having bought the coins at market value to replace the premine).  So dumping coins would have been useless, unless he was just cutting his losses as much as he could...


The dev was more of a twitter updater than posting on this forum and his last tweet was on the 19th of June...

"
So grateful for all our followers! You make our day!
"

The last time he logged into bitcointalk account was, June 20, 2014, 10:41:28 AM

This all kind of lines up to him dumping his coins on the 20th. Not exactly concrete evidence here, but BIG red flags.

Mind you, he bought these coins with his own money... so he can do whatever he wants with them, but this does not look good with the community.

At this point however, dumping my coins will get me peanuts.  I would rather keep them in the hopes of a community takeover or maybe mugatucoin_dev proves me wrong and comes back.

to dump or to hold is up to you, but I would rather gamble for the big bucks as opposed to enjoying a single pack peanuts right now.

EDIT: I just looked further into the transaction out of the development fund wallet.  It seems it did not go to an exchange.....from what i can tell, they went to another wallet with 40k coins and then another wallet with 157k coins... I am however no expert in tracking transactions on block explorers and could be completely wrong.  If someone smarter than myself wants to follow the coins, I am sure we can get a better idea of where the coins went.  Maybe he is stacking up coins as 157k is almost 10% of all the MUGA in existence.... or maybe this is the Bittrex wallet... I dont know.

confirmed supernova is paying out, come join us and spread the hash.

issue must be somewhere else then.  its X11, only try things on this algo.

by not working, do you mean you are getting rejects ?

what pool are you pointing too ?

the coin is 100% X11.

If you still have blitzcoin in your wallet, keep it there for now.  Do not transfer your blitzcoin anywhere.

It was expected some people would miss the swap at Bittrex, there will be another chance for others to exchange for DistroBlitz.

the date isn't known yet, but ample notice will be given.

Sorry, i didnt want to post my conf file until I confirmed I was minting POS blocks... which I now have, got 2 of them about 45 mins ago.  Here is my conf file:

server=1
daemon=1
rpcuser=distroblitz
rpcpassword=x
rpcport=8765
rpcallowip=127.0.0.1
rpcallowip=192.168.1.104
rpcconnect=127.0.0.1
addnode=176.31.18.234

I think the bolded lines are really all you need.

I have left my wallet un-encrypted as it has been a pain for me on other coins, prob not best idea, but causes less headaches.  If the value of DistroBlitz rises like I am hoping it does, I will then encrypt it.

As for the HB vulnerability, yes it is important to get it updated, I completely agree.  But from what I have read on these forums, the altcoin wallets are not really susceptible (most not at all) to the heartbleed attack.  This may be wrong, but that is what I have read from other users of this site.

Thanks, but did you mean "more than 50% annual interest".  12.5% would be the relative interest earned in 3 months ( 1/4 of annual)... no?

I cant confirm if there is one currently in the works or not...

if their isn't one being worked on yet, I imagine we could offer a bounty for anyone able to get one going.

Can't say what the bounty would be though, the community would have to help decide on that figure.

then you are good to go, you can now withdraw/trade your DB, congrats !!!

Blitzcoin will still show up in your balances, but you cant do anything with them.

I am no expert on POS minting, but here is my understanding... yes, the min stake period is 8 hours, so what this means is that your coins have a possibility of minting a block once the 8 hours has past, but not guaranteed.  I think POS minting is similar to POW in the fact that you can have a long draught of no blocks or you can hit 3 blocks in a row, depending how lucky you are at the time.  i also believe the longer your coins have stayed in your wallet, the better chance they have of minting a block.  your chances of minting a POS block is a combination of the amount of coins you have and also the coin age...
1000 30 day old coins will have a much better chance of minting a POS block than 1000 8 hour old coins.

i still need to do some reading on this as I have been pondering on similar questions recently.  if what I said above is true, then wouldn't the interest gained (50% annual rate for the next 3 months in this case) be an average number and not finite.  if I got lucky for the whole 3 months, could I end up with 75% interest ? or if i was unlucky I could only end up with 25% ?

POS minting is very interesting and my understanding of it is still quite limited, if anyone else can further explain or discredit what I have said, please go for it.

that is wierd, it should have happened automatically.  I would contact Bittrex about that...

you should show a balance of blitzcoin on your bittrex wallet, it is disabled now though.  And you should see also 1/2 your blitzcoin amount in distroblitz.