You're right except that the miners aren't to blame.  They're working within the system exactly as it's set up. 

The problem is that the inflation model for Musicoin is ludicrous.  From an economic perspective the devs are basically giving away the value of the network to miners by rewarding them with huge sums of new coins for their hashrate.  Why does Musicoin need a massive amount of hashrate paid for out of the pockets of artists, listeners, and investors through extremely high inflation?

The block reward needs to be reduced to something more appropriate ASAP.  My suggestion would be a 25 coin block reward with 50 coins sent to UBI. 

Even better would be a system where transactions are confirmed by the listeners with each play.  This would eliminate the need for traditional miners completely.  All newly-minted coins could be reserved for UBI, or a portion could be given to the listener to be used for tipping.  The Musicoin ecosystem would be rebalanced and listeners would help secure the network without even knowing it.

Thanks, it found peers on the third time I opened the wallet.  The first two times nothing happened.

Why doesn't the new wallet find peers to sync?  Never had this problem with old wallet or any others.

That would be 34 days left

That's great news.  I think it will really help balance supply and demand after UBI/PPP.

The only consideration as far as hi-res goes would be storage.  Lossless files will take up a lot of space wherever they're stored.  And considering that most of the current artists are small-label/independent, the audio quality of the recordings may not warrant that level of fidelity.

Have the devs considered allowing artists to sell MP3 downloads of their songs/albums in exchange for Musicoin?  After the UBI fork it will become important to re-incentivize the purchase of Musicoin in some way, and many listeners would probably be willing to pay for digital copies of their favorite songs.

We do have a community fund for the devs, but like most coins it's basically a volunteer position.  What sets Reddcoin apart is the plan that's already been laid out (and worked on to some extent), and the community in place around it.

Hi Folks,

Reddcoin's lead developer Larry Ren (Laudney) has stepped down from his position and the coin's creator Jonathan Patenaude is now looking for someone to fill this role.  Much of the community and dev team remain committed to our goal of making Reddcoin the only currency that can be sent to anyone on any major social network while remaining completely decentralized.

Some of the infrastructure that is already in place in the Reddcoin ecosystem:

-PoSV timestamping algorithm
-QT wallet
-Reddsight blockchain explorer
-Official website at Reddcoin.com
-Forums at Reddcointalk.org
-Reddcoin Ltd legal group
-Browser Wallet utilizing Electrum technology (currently in open beta)

Other features being developed or planned:

-Redd-ID blockchain level identity service
-Universal Micropayment Platform (browser extension that works with the rest of the infrastructure to allow micropayments to any user on any social network)
-Mobile Electrum wallets for Android and iOS

More information on development plans here - https://www.reddcoin.com/social-x-architecture-of-a-decentralised-system-for-social-payment-and-service/ and here https://www.reddcointalk.org/topic/412/reddcoin-project-to-do-list-and-details

If you are interested in the lead developer position please email jonathan@reddcoin.com

Definitely Reddcoin - 14 months in and there are 8 devs hard at work, and yet it inexplicably retains a sub-million-dollar market cap.

For those who want to check out the current state of Reddcoin you can find out for yourself at Reddcointalk.org.  There's quite a bit going on.

Looks like a scam.  They are misappropriating Reddcoin's mosaic image on their website.

Can someone fill me in on what happened?  I read through the last couple of pages, and all I found was that the dev transferred donations to a different address and that he hasn't posted in two days.

Just sent a .6 btc investment to Anon136 for Phase 1

TX ID: 21315ceafde2134ff6fb648f287d27ffdf9c054c4a1d5e1016a217895cfbca93

Anon136's escrow service just saved me ~3.7 btc in the Edgecoin scam.

Yes, this should be done immediately and the coins should be returned to the sending addresses.

Just sent an investment -

Transaction ID: f622d3307b7cea50ee02549d26655d985ba2316e93d7ad53282fea090ea387ab
Amount: .8 btc

Maybe it would be best to remove the investors list and replace it with links to the two wallets.  That would clear up any confusion.

I like the icon, it's very clean and informative, but I don't think it will come across well when it's shrunken down to fit alongside the other coin logos on exchanges/pools/cryptomarketcap/etc.

Just my opinion, take it or leave it.

Any progress on the logo?  I hope something's in the works - launch is just around the corner now.  Maybe something blue-green to match the website/OP, or perhaps blue and gray to match the wallet?

From the OP:

(Regarding escrow)

"You are allowed to release your funds whenever, this includes right before or after launch."

Read that again.  That is the magic wand, as you put it, that protects you from an IPO scam.  If the coin doesn't launch with the advertised features then you just don't release the funds.