you premined 15,000 blocks?
Pass
Launch seems fair - I had it compiled and running by block 74. Its at 124 now, and rewards are only 1 until block 250. What I mean is the equivalent of 15,000 blocks 10 coins per block * 15,000 = 150,000(the 1% premine) = about 10 days worth of mining Yes you are correct, but if you look at the big picture. 10 days compared to 2.8 years of POW....That is a very small amount of possible mining. yes but you have the 150 000 coin right NOW and you can dump RIGHT NOW. The coins won't be dumped. Please check the OP for the premine address for transparency and monitoring. Here is your solution https://bitcointalk.org/index.php?topic=717402.0Hi Dev, The only major concern people have about your coin is the premine. If the premine were not a factor, then I don't think you would be receiving the negativity that you have seen in the thread. That said, above is a link to a thread I made about premine escrow. Would you be willing to keep your premine with a trusted member in escrow with transparency as to when and how much of the premine you would need at a time? If so, I think your coin could be successful. If not, I think you are a scammer. The ball is in your court. |
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Good idea.
I hope that for coins which have a longer PoW period premine will be completely replaced with a percentage of each block mined, similarily how AidBit does it. So instead of the devs getting a massive amount of coins on launch, they would slowly get like 0.5% of every block mined so they would actually be motivated to follow up on the coin as they would only get the usual premine amount at the end of the PoW phase - which is why it's only preferable with long PoW coins.
This is another phenomenal solution. The major issue with premines is the threat that they can be dumped at any time, and in doing so, deem a coin valueless. Your solution is another excellent alternative to premines as we know them. My only critique is that developers may need more funds upfront to help with development, so your suggestion may hinder the early growth of a coin. |
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actually - this come at a perfect time because I'm getting ready to release a coin and was going to insist on a premine escrow.
It makes sense, there is no reason why a dev would need unlimited access to premine funds with zero accountability. We need to clean up our community and put checks and balances in place to ensure a safe and fair future for everything crypto. The scams are ruining our community and the pools/miners/traders need to take a stand. |
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They will not accept this. Info 100%.
If a dev does not accept these terms then they are a scammer...plain and simple. |
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Premines, while greatly frowned upon, are often a very strategic and necessary part of any new coin launch.
When used correctly, premines can greatly help aide in the development and innovation of new coins. That
said, with one scam after another cropping up in our industry, investors are scared to death to touch new
coins that contain a premine component.
The Solution?
Premine escrow!
I believe the community should demand premine escrow much in the way they demand escrow for IPO's.
If a trusted member is the only person with access to the premine, then a strict ledger can be kept and
the premine can be delivered to the necessary parties as needed. This strategy would eliminate the fear
for investors of premine dumping by anonymous devs and greatly clean up our community.
Thoughts?
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Each block is only one coin?
For the first 250 blocks to prevent instamine. |
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Like the name. Seems fair.
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Just 1 BTC of buys puts Pseudo over 4,000 satoshis. It's only a matter of time before this coins starts going places.
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Good luck on your dump dev  |
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I see the update to the OP...."PseudoMeCoin"
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Exchanges are starting to take a stand and not list blatant scams, so this coin could be in trouble...
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What block reward structure do you guys like better?
Isn't this all information that should have been gathered BEFORE the launch? Also, why was the premine 300,000 when it was stated to be 1.9%? |
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Wow, alright, pure garbage...I'm out.
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218 blocks already??
378 here fork everywhere.... 400 now... holy moly, dev is instamining into the ground. |
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ShadowCoin v1.0.0 pre announcement Hi guys, We are pleased to reveal that we have dedicated team comprised of several highly qualified developers that are working full-time on innovative features to be added to ShadowCoin. We will not make promises or provide a "roadmap" as other coins have, but we will announce and release the features as they are completed. Introducing: ShadowChatThe first feature completed is our Instant P2P Encrypted Messaging System... aka ShadowChat! This is the first system of it's kind in crypto currency! Below you will find links to both a demo video + whitepaper... enjoy! ShadowChat Release Date: Wednesday 7/30/14We've put together a demo video of the EM UI that will be released for our ShadowChat system: https://www.youtube.com/watch?v=ra9E7Il6hpsWe've also put together a whitepaper regarding the ShadowChat EM details: ShadowCoin Secure Messaging: A p2p Encrypted Instant Messaging SystemSweeeeet, this coin just keeps getting better! |
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Sure, why not.
Would like to know the block reward.
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I am buying QUID at 500 satoshis per coin.
Your price doesn't cover the existing hashing power cost  Good luck tho. It's worth it for early miners. |
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