Technical improvements, Coin2 supply and inflation decrease
The Coin2 Dev Team has the pleasure to launch an important discussion within the community.
Here is today's menu:
- Coin supply and inflation decrease
- Technical improvement and innovations
- Combination of several factors to make some added value
Your will find some detailed information about the project here:
https://docs.google.com/document/d/1A737tdH3_exS07GW2_ePEmIFST2nvVRcQNlbR6WRqhs/edit?usp=sharing
If the community agree with this project, the new Coin2 value may be more than 1500 Satoshi. About 1000S for the supply decrease and about 500S for the technology improvements.
As the price may be affected by the Bitcon value, we would prefer to provide a flat target price that would be around USD 0.01
Please post your thoughts about the global concept first. We would like to discuss later about technical improvements. Please, don't forget this ! |
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propose to discuss the development of the C2 as a producer of games for mobile platforms, no single company in the world (which makes the game) do not have their currency. What do you think?
I agree with your idea. I think we would need a reliable Android wallet for this purpose and I sent an email to Matthew M., the developer of the Peercoin Android wallet to know if he would agree to make the development. |
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Reverse split will reduce the number of coins and will keep the market up for a short time.
But the real challenge is to find some real world use cases.
40,215 Vendors in 182 Countries, is it a good real world use case ? |
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You can enforce a rescan using the -rescan argument too.
Thanks for reminding me about that option! I personally would have needed that argument yesterday with another wallet! Now, I spent much more time fixing the problem I had. LOL, your are welcome  |
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USD 700 or about 1.22 BTC. Do you have an idea for the fund raising ? |
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lately i have a lot of problems with v2.1.2.0 and i cant sync it anymore, can someone point me to final wallet that runs fine?
The last available release is the 2.1.3.1 and it is working fine. It takes less time to open and it has more connection to other nodes. You will need to download the full blockchain again or to use the Bootstrap file after the upgrade. Here is the link: https://github.com/UdjinM6/Coin2.1/releases/tag/v2.1.3.1UPDATE:I have a sync issue today. My wallet 2.1.3.1 is not able to get a single connection. If you have the same problem, please post here and we will investigate. UPDATE 2:Solved issue on my side.I closed the wallet and I temporarily disabled AVAST antivirus. Then I launched the wallet again to get 8 connections a few minutes later. v2.1.2.0 worked for me til 3.6.2016. Now 1 connection is shown, but never syncing (waited 24 hours). So I'm not able to transfer my coins to polo. v2.1.3.1 running fine (synced using bootstrap, copied the wallet.dat file), but now I miss a lot of coins (more than 70k) there must be a bug, my coins are shown in the top 100 (without some unconfirmed) what to do ? Are you sure that your coins are not staking? With some other coin I had similar problem and I used repairwallet command from console and it helped. You can enforce a rescan using the -rescan argument too. |
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Technical improvements, Coin2 supply and inflation decrease
The Coin2 Dev Team has the pleasure to launch an important discussion within the community.
Here is today's menu:
- Coin supply and inflation decrease
- Technical improvement and innovations
- Combination of several factors to make some added value
Your will find some detailed information about the project here:
https://docs.google.com/document/d/1A737tdH3_exS07GW2_ePEmIFST2nvVRcQNlbR6WRqhs/edit?usp=sharing
If the community agree with this project, the new Coin2 value may be more than 1500 Satoshi. About 1000S for the supply decrease and about 500S for the technology improvements.
As the price may be affected by the Bitcon value, we would prefer to provide a flat target price that would be around USD 0.01
Please post your thoughts about the global concept first. We would like to discuss later about technical improvements.
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lately i have a lot of problems with v2.1.2.0 and i cant sync it anymore, can someone point me to final wallet that runs fine?
The last available release is the 2.1.3.1 and it is working fine. It takes less time to open and it has more connection to other nodes. You will need to download the full blockchain again or to use the Bootstrap file after the upgrade. Here is the link: https://github.com/UdjinM6/Coin2.1/releases/tag/v2.1.3.1UPDATE:I have a sync issue today. My wallet 2.1.3.1 is not able to get a single connection. If you have the same problem, please post here and we will investigate. UPDATE 2:Solved issue on my side.I closed the wallet and I temporarily disabled AVAST antivirus. Then I launched the wallet again to get 8 connections a few minutes later. |
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this coin looks pretty good~
It looks very attractive !!))) On May 19th the staking rate decreased from 20 to 10%. Coin2 may be a little bit more attractive because the supply or inflation slowed down as well. I recently discovered that some people are currently minting Coin2 to get some "mining" income, what is perhaps the cause of a constant pressure on the price. Some miners may buy more coins to compensate the rate drop, but the current minting profitability may push them to mint other POS coins and that may slow down the new coin supply. |
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Reverse split will reduce the number of coins and will keep the market up for a short time.
But the real challenge is to find some real world use cases.
I truly agree. Besides trading, there must something needed to hold this coin. Dev must read other coins innovations and try to add some innovations to the next releases and swaps. Coin2 we will have some real world use cases and it will be spendable because we will add it to the https://www.coinpayments.net/index.php?cmd=home gateway very soon. If the community agree with the next release, the swap and the reverse split, we will start a separate discussion about the features and innovations to include. We won't be in the same urgency as it was during the previous swap after the double spend attacks, then will take the time to make a very good job. We will post a link to the global concept in a few time. It has the draft status right now. |
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Thank you for a second Coin2 donation !
Yesterday I received a 200k C2 donation to support the current projects (BBP and CoinPayments.net request).
Many thanks to the donor for his support and for his confidence !
This amount has been added to the BBP trading balance which is about 800k C2.
How many have sacrificed? A few people, but donation amounts are increasing  |
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Thank you for a second Coin2 donation !
Yesterday I received a 200k C2 donation to support the current projects (BBP and CoinPayments.net request).
Many thanks to the donor for his support and for his confidence !
This amount has been added to the BBP trading balance which is about 800k C2.
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Reverse split 
I didn't get some answers when I asked about a second very good reason to swap Coin2 again, then:
How would you react to a 5:1 or 10:1 reverse split ?
With a few words: we could launch a new Coin2 with a better technology and a limited supply.
By exemple Coin2 holders would receive 1 new Coin2 against 5 to 6 old Coin2.
I just want to start a real discussion inside the community with this post.
Your contributions are not only welcome, but also indispensable.
I believe that we need to do 5: 1 to better thought))), for example from 100,000 to 20,000, and if the 6: 1 is 16,666.666 ..... not integers. So I have a 5: 1! This will increase the value and appeal of the coin. I agree with integer. The ratio will depend of the supply which could be 15, 20, 25 or 30 millions, maybe 5:1, 8:1 or 10:1. |
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Reverse split
I didn't get some answers when I asked about a second very good reason to swap Coin2 again, then:
How would you react to a 5:1 or 6:1 reverse split ?
With a few words: we could launch a new Coin2 with a better technology and a limited supply.
By exemple Coin2 holders would receive 1 new Coin2 against 5 to 6 old Coin2.
I just want to start a real discussion inside the community with this post.
Your contributions are not only welcome, but also indispensable.
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Thank you for a Coin2 donation !
Here is the second good new of the day:
I didn't regularly check the Dev Team wallet because I have to switch the wallet.dat files and I never thought to look with the block explorer before...
A few minutes ago I had the pleasant surprise to discover a 100k C2 donation for the BBP project.
First I want to sincerely thank the donor for his support and for his confidence.
This amount is staking right now and I will add it to the trading balance.
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Coin2 more spendable very soon !!!
Here is the good new of the day:
I made many attempts to add Coin2 to the CoinPayments.net gateway with public vote and now it's time to take a shortcut to go there.
Coin2 is going to be accepted by tens or hundreds merchants to buy real goods and services.
Coin2 fits all the requirements and I will make the request as soon as possible.
The cost will be 700 USD (or 1.3 BTC). I will pay about 100 USD from my pocket and 600 USD with the BBC income and donation.
You will find more information about CoinPayment here: https://www.coinpayments.net/
I would like to see Coin2 on Bittrex again, I'm thinking about it.
How can you support the project ?
- BTC donation to the Dev Team wallet: 1LUEr4diHQtQ5HsPahRB92dikw4i37JhY1
- Coin2 donation: CfGyBigu8zoBmc89vd97BLTmHH1VuogaQG
- Altcoins donation: please contact me by private message
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Coin2 Buy Back Program UPDATE 3
The C2 Buy Back Program is still running and extending !!!
The BBP started on March 20th and I'm still doing my best to run it.
With an 250k C2 investment from the surplus wallet, the current balance is about 500k C2 and about 20 DASH (explained below).
I made 3 rounds (sales + purchases) with some good trades in the 300s to 600s range allowing to accumlate coins when c2 droped again to the 150-180s range.
The 450-500k trigger was important because I'm able to trade with stronger orders and to get a bigger leverage.
The next stept will be to increase the trading balance to 1 million C2 and to start to withdraw purchased coins exceeding this amount.
During the program I decided to use a part of the incomes to buy and to trade some DASH and MAID and it gave me the idea to extend the project and to constitute an altcoins portfolio to diversify income with some investments.
The concept is simple: trading C2 and buying altcoins when the price is near the floor, selling the altcoins when the price is near the top and buying back more C2 with the income, etc.
I also intend to use a part of the income for the development or for other purpose according to the priorities. An other anouncement will follow about this.
The BBP may play an important role in the Coin2 future, but it will depend of the market and I have to think longer about this before.
You can follow the BBP progression here:
https://docs.google.com/spreadsheets/d/1AXKhMotD-
iDc3FzduJJIxP13q0msBBL-KF-rNI6p2pA/edit?usp=sharing
There is a little mistake in the BTC balance which should be 0.01, but I don't have the time to investigate right now.
How can you support the project ?
- BTC donation to the Dev Team wallet: 1LUEr4diHQtQ5HsPahRB92dikw4i37JhY1
- Coin2 donation: CfGyBigu8zoBmc89vd97BLTmHH1VuogaQG
- Altcoins donation: please contact me by private message
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C2 has been previously swapped twice in the past, I think that would be enough imho.
I'll happily switch to something that works nicely. I see no reason for a coin swap if blackcoin and none of the other coins that went pos3 had to do one. If there is a reason we have to do a coin swap and it can be done through and exchange I think everyone who wants any future with this coin will be doing so. If we would decide to swap Coin2 again, there will be at least two very good reasons to do it. The first one will be a better technology adoption, POS3, etc. Now I let you try to find the second one. Please don't forget that we acquired some experience in the past and I agree with the role of the exchanges because most of coins are already stored there. You can account for the actual number of coins in circulation- which would be much lower than what the blockchain tells??? The current money supply is 130M and I don't want to speculate about missing coins. The only way to know the exact number of coins effectively in circulation is to make a swap. |
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What is that the POS3 would give us? I have understood that it has some security improvements, but could somebody list the features of POS3?
At least for me the wallet is running nicely and also the minting works smoothly and I would not like to have another swap.
Will you opinion be the same if the swap add some value to the coin ? It's a bit of a giveaway |
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C2 has been previously swapped twice in the past, I think that would be enough imho.
I'll happily switch to something that works nicely. I see no reason for a coin swap if blackcoin and none of the other coins that went pos3 had to do one. If there is a reason we have to do a coin swap and it can be done through and exchange I think everyone who wants any future with this coin will be doing so. If we would decide to swap Coin2 again, there will be at least two very good reasons to do it. The first one will be a better technology adoption, POS3, etc. Now I let you try to find the second one. Please don't forget that we acquired some experience in the past and I agree with the role of the exchanges because most of coins are already stored there. |
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