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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SFR] SaffronCoin X11|Scrypt|Blake HardFork June 6
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on: June 07, 2014, 11:27:27 AM
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SFR is not a bad one, it has some features. if u want to make a new one, should at least keep the name. coz if u use SFR2,, well, its doomed.
by the way, i still have 1396 SFR, if u keep the name, i might still in. but if u change into SFR2, I am out and will donate to the dev. give me address then.
most of people like quick money.. but DEV shouldnt be one of them. no coin was born BIG. and all big ones they came through a long way. promote, fix bugs, make improvements and developed... algo is not the key to success, delicate and royal DEV is all that matters. ROME WAS NOT BUILT IN ONE DAY. I am sorry if you think I am behind money, if i was, i bought a lot at 20-50 sat and I would have sold everything right now at 100 sat and still have a good profit and would have bid goodbye. But when we took up this project, it was not about getting on a good exchange and dump it and get rich. It was about sustaining and actually create a change. At present algos do matter because scrypt is almost dead. We need the current hottest algo especially in this Summer. I guess you still haven't got the impression that moving to another coin is the cause of bugs. It is only to include new algos that are running hot at the moment. We thought the new algos would kick in automatically after the hardfork but after a lot of digging around and finding the problem, it was not technically possible. We apologize for that. sorry, im not saying u are after quick money. but u changed to satisfy those people and u got SFR this problem! "SCRYPT is DEAD",,, well, LTC, DOGE are still out there and i dont think they are dead at all. again, algo is not the rub. fresh ideas, creativeness is important.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SFR] SaffronCoin X11|Scrypt|Blake HardFork June 6
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on: June 07, 2014, 11:08:10 AM
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SFR is not a bad one, it has some features. if u want to make a new one, should at least keep the name. coz if u use SFR2,, well, its doomed.
by the way, i still have 1396 SFR, if u keep the name, i might still in. but if u change into SFR2, I am out and will donate to the dev. give me address then.
most of people like quick money.. but DEV shouldnt be one of them. no coin was born BIG. and all big ones they came through a long way. promote, fix bugs, make improvements and developed... algo is not the key to success, delicate and royal DEV is all that matters. ROME WAS NOT BUILT IN ONE DAY.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SFR] SaffronCoin X11|Scrypt|Blake HardFork June 6
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on: June 07, 2014, 10:59:46 AM
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SFR is not a bad one, it has some features. if u want to make a new one, should at least keep the name. coz if u use SFR2,, well, its doomed.
by the way, i still have 1396 SFR, if u keep the name, i might still in. but if u change into SFR2, I am out and will donate to the dev. give me address then.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SFR] SaffronCoin X11|Scrypt|Blake HardFork June 6
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on: June 07, 2014, 10:04:46 AM
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awaiting more details what to do :S
If you are a miner, you can continue mining on the new chain. All pools except Zeuspool are on the new chain. Or else, you can wait a bit till we make a decision to go along with SFR2. P.S. I am sorry that this is creating confusion for a lot of people, but we are trying to make the coin as cool as it can be. All problems have to be taken up as challenges. We will do all we can do to get this coin to be one of the best out there. why would u like to change? why so many childish dev around ? if SF2 still not so popular, do u want to change into SF3, and if again, no good,, try SF4 ? OMG ! u need to delicate to what u started, not just switch when u come to hard times !
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ULTIMATECOIN (ULT)
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on: June 03, 2014, 07:51:12 PM
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I was thinking about that, I do not like the excessive decimals either. I think two decimal places are ideal because it makes it look like real money. It is easy to implement.
We can have ULT pennies, .01 etc. Anyway I believe μULT can only go down as low as 2 decimal places.
It's a good idea but still needs to be thought through/weigh the pros & con's.
if no decimals is hard,,well, 2 decimals will be good either. anyway, im counting on your talent works.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ULTIMATECOIN (ULT)
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on: June 03, 2014, 05:09:46 PM
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waldistons, it is all relative, total supply/block reward is around the same as most other coins.
I don't like POS, I like the idea of people earning money from mining. UltimateBank will offer similar function to POS by paying interest on deposits from it's capital reserves.
After the block rewards are finished (on the old coin), there will be 1.5798 Billion(B) ULT out there, 0.5798B is what miners have so far mined, 0.9 billion was allocated to UltimateBank of which there still is 0.859B & 0.1B was my seigniorage.
I don't want to do a pre mine of 1.58B, I would like to keep it under 1B so it will involve everyone taking a cut including the Bank & my seigniorage, it will be fair. I have the responsibility to make sure the coin is not over issued and work to increase it's value.
I will keep you updated of course.
I have talked to the largest holder of ULT and he agrees with me that a swap of 1:1 to the new coin would not be in the best interests of the coin.
consider the new coin,, i suggest better keep the total supply in millions,, 100M at most !dont over it ! it's not last year when billion coins were popular. billion coins are doomed now,, they are easy to mine and they are easy to dump, therefore low value. recently, 10-20M coins are very well accepted by investors. and they are usually value above 1k satoshi,, easy to catch investors . the swap can do accordingly to the scale. abt mining phase, i suggest 7-14 days. early birds get the worm, it's not fairy tale in reality world. and u cant achieve fairness never, coz there's always unfairness in some people's eyes. therefore, no need to try to. ULTBANK is a good concept to replace POS stage. people who saves coins in the web wallet ( bank accounts ) can got interests paid. but the payout function must work perfectly, otherwise people concern. also, if there's a bank, there should be loan, we can further explore the functions of the bank. another BIG idea, which i offered to other coder, but never successed. i like to offer to u also. can we make a coin without decimals. the smallest unit of the coin is 1 ULT. not any figure after point,, no need 0.XXXXXXXX. a coin is A coin,, is 0.1, 0.1234, 0.03003839 a coin ?! all crypto worlds is fucked by the 8 figures after the decimal... it's exhausted and less fun at all. if we can make ULT a coin without decimal,, we are really ULTIMATE and UNIQUE ! ---------by ivan originally
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