[ANN] BitcoinT [BT] | X11 | Lucky Stake | POS | BitTrex

[willzminame]

It would be nice if a big scam came out a big coin

+1

[1715243418]

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[1715243418]

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[1715243418]

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[david1365]

Guys, what does this mean ?

{
"version" : "v0.9.4.0-release",
"protocolversion" : 60020,
"walletversion" : 60000,
"balance" : 46003.30526364,
"stake" : 0.00000000,
"blocks" : 6227,
"timeoffset" : 0,
"moneysupply" : 21272938.84473952,
"connections" : 68,
"proxy" : "",
"ip" : "",
"difficulty" : {
"proof-of-work" : 1040.37769360,
"proof-of-stake" : 0.00598555
},
"testnet" : false,
"keypoololdest" : 1430167461,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00000000,
"errors" : ""
}

[CryptoClub]

The super stake code has been activated in 2 days after the genesis block time stamp. That's the 25th of April 2015 15:00 GMT. It has been supposed to remain active for 30 more days, but the dumping has started after these super blocks matured (1440 confirmations; approx. 1 day). So, here you have the drama. If you want to finish with it, remove the super stake code and roll back the block chain to the aforementioned point. This cure isn't much better than the disease, but I don't think anyone is going to fix this wreck of a coin otherwise.

With so many coins being transacted, it would seem like a rollback would screw over a lot of people.

I agree. Lots of coins were dumped and orders were hit as well. Most of the holders are likely those of us that wanted to stake coins for the lucky blocks.

[Diggio]

The super stake code has been activated in 2 days after the genesis block time stamp. That's the 25th of April 2015 15:00 GMT. It has been supposed to remain active for 30 more days, but the dumping has started after these super blocks matured (1440 confirmations; approx. 1 day). So, here you have the drama. If you want to finish with it, remove the super stake code and roll back the block chain to the aforementioned point. This cure isn't much better than the disease, but I don't think anyone is going to fix this wreck of a coin otherwise.

Rolling back to block 2829 sounds like the best solution although many will lose coins.
That would leave about 20,842,500 coins in circulation.
Add a POS rate of 3% per year

How do you know which coins are after block 2829. Coins were traded on exchanges...

Agreed; it's not fair to wipe out the coins generated from staking unless they are outside of the 60K, 15K, and 5K sizes. Some of us bought a lot to stake and earn those rewards--and we are sitting with the largest losses right now.

I'm fine with the recommendation to send all to C-CEX to swap but you'll need to provide a time frame to allow for everyone to see/submit.

Anyone have access to blockchain explorer code that could be used to see what exists?

[johncassa]

C-CEX is proving to be more collaborative and available to BT traders than other exchange. Great C-CEX !!

[SkyValeey]

Ccex = shit exchange. They allowed BT-scammer to sell coins when everyone knows that BT is scam.

[johncassa]

C-CEX is the only one who is trying to help the traders cheated. All the others have closed their doors in the face.

[johncassa]

Bittrex including

[anticlimax]

Bittrex including

no, ccex held their trading open a lot longer than bittrex.

[Diggio]

UPDATE:

1. If community agrees DEV can have a coin ready by tomorrow.

2.  C-CEX open their wallet so that everybody can deposit coins to their wallets on C-CEX.

3. C-CEX will create a donation wallet so that all people deposit their donation into that address

4. Launch of the new coin can happen tomorrow

Coin specs:

1. Premine block = C-CEX coins amount.

2. Fully POS - reward 5% per year.


DEV will receive 50% of all coins deposit in the deposit address.

Other 50% will be split over the new marketing team.

Can we somehow get the lucky blocks with the swap? That was sort of the key value issue for it. A straight up 5% a year coin is not as interesting. Is the lucky block stuff complicated?

DEv is looking into the lucky block stuff, it is certainly possible to achieve this. Will cost him a little more work, but i believe the bounty looks nice and how better the result how higher the coin price.

Agree--the Lucky Block portion is what prompted me to get in on the coin.  Those additional possible rewards is what provides the incentive to keep those larger quantities staking in your wallet addresses and the total was not that high for each 24-hour period assuming those were accurate.  Even if you lost the larger blocks (60K and 15K), kept the 5K and perhaps added 1K and 10K blocks, it would make the coin more valuable to hold in the larger quantities to catch one of those blocks.

The staking rewards without the additional incentive does not provide a lot of difference from other staking coins.  Believe it's important to keep those rewards and perhaps create more frequent lower-level versions to give more people a chance.  Being able to stake and get lucky with one of the larger blocks will reduce the immediate urge to sell as soon as the coin is listed again.

P.S.  If we don't keep some version of the lucky blocks, I'm taking back half of my donation!    

[johncassa]

UPDATE:

1. If community agrees DEV can have a coin ready by tomorrow.

2.  C-CEX open their wallet so that everybody can deposit coins to their wallets on C-CEX.

3. C-CEX will create a donation wallet so that all people deposit their donation into that address

4. Launch of the new coin can happen tomorrow

Coin specs:

1. Premine block = C-CEX coins amount.

2. Fully POS - reward 5% per year.


DEV will receive 50% of all coins deposit in the deposit address.

Other 50% will be split over the new marketing team.

Can we somehow get the lucky blocks with the swap? That was sort of the key value issue for it. A straight up 5% a year coin is not as interesting. Is the lucky block stuff complicated?

DEv is looking into the lucky block stuff, it is certainly possible to achieve this. Will cost him a little more work, but i believe the bounty looks nice and how better the result how higher the coin price.

Agree--the Lucky Block portion is what prompted me to get in on the coin.  Those additional possible rewards is what provides the incentive to keep those larger quantities staking in your wallet addresses and the total was not that high for each 24-hour period assuming those were accurate.  Even if you lost the larger blocks (60K and 15K), kept the 5K and perhaps added 1K and 10K blocks, it would make the coin more valuable to hold in the larger quantities to catch one of those blocks.

The staking rewards without the additional incentive does not provide a lot of difference from other staking coins.  Believe it's important to keep those rewards and perhaps create more frequent lower-level versions to give more people a chance.  Being able to stake and get lucky with one of the larger blocks will reduce the immediate urge to sell as soon as the coin is listed again.

+1

[johncassa]

It could decrease the Lucky Block to avoid too much inflation

1st level: 2500
2nd level: 7500
3rd level: 30000

[johncassa]

Someone knows please tell me if there is a command in the Debug Window to stop the next stake in my BT wallet?

[vgo]

To rush in releasing the coin, yes, but we need to rush in locking the coins, i mean.... nobody knows that there are more strange 3.3M blocks hitting every day or every week.

Priority one should be get all the coins on a exchange and block deposit to that exchange so that the original scammer is not able to make more and more coins.

Priority two is needed making a coin with stable code set so that it doesn't need any forks etc later on, but point one is pretty important, we don't want this dev to generate even more coins and dump on the new team, that is why there is a rush to get all the coins on a exchange and know how much coins there are really available for swapping.

Sounds good, let's get them locked in. Long as we have the lucky blocks and such we have an interesting trade coin that people might want to stake and trade.

Time for me to go to sleep. Already trying 14 hours to get stuff in progress here. DEV knows what the requirements are. I hope C-CEX will come back to me, from the moment they confirm , i will put a timer of 48 hours to bring the coins to the C-CEX account, then hopefully dev will be ready with his coin, and hopefully there is also the same amount of donation in the donation address for dev as people agreed on.

placebo, great job, thanks.

[B-MoneyXcan]

It could decrease the stake lucky to avoid too much inflation

1st level: 2500
2nd level: 7500
3rd level: 30000

Would also need to end at a particular block to avoid inflation.

[real789]

Ccex = shit exchange. They allowed BT-scammer to sell coins when everyone knows that BT is scam.

are you forget about PFC ? that 100% scam from hashprofit and still life in c-cex
https://c-cex.com/?p=pfc-btc

[Diggio]

It could decrease the stake lucky to avoid too much inflation

1st level: 2500
2nd level: 7500
3rd level: 30000

I would reduce the staking requirement and the rewards to give more people an opportunity to get one.
Current: (225K coins per day)
50,000 - 24 blocks per day of 5K (120,000 coins)
100,000 - 3 blocks per day of 15K (45,000 coins)
300,000 - 1 block per day of 60K (60,000 coins)

Perhaps:
25,000 Stake - chance to win 50 blocks of 1K (50,000 - overall reduction of 70,000 coins per day, 26 more winners)
50,000 Stake - chance to win 10 blocks of 4K (40,000 - overall reduction of 5,000 coins per day, 7 more winners)
100,000 Stake - chance to win 6 blocks of 10K (60,000 - overall no change, 5 more winners)

With these numbers, you give away 75,000 less coins per day (150K versus 225K) but increase the number of awards from 28 to 66 (more than double).  You also reduce the number of coins required to participate and provide incentive for people to hold/stake even at lower levels.  Only decision then is how long to run it for. Could continue after the first 30 days and reduced reward rates for same stakes.

[ghostlander]

The super stake code has been activated in 2 days after the genesis block time stamp. That's the 25th of April 2015 15:00 GMT. It has been supposed to remain active for 30 more days, but the dumping has started after these super blocks matured (1440 confirmations; approx. 1 day). So, here you have the drama. If you want to finish with it, remove the super stake code and roll back the block chain to the aforementioned point. This cure isn't much better than the disease, but I don't think anyone is going to fix this wreck of a coin otherwise.

With so many coins being transacted, it would seem like a rollback would screw over a lot of people.

They will be abused much more if they continue to do nothing or play with arbitrary coin swaps...

[willzminame]

Someone knows please tell me if there is a command in the Debug Window to stop the next stake in my BT wallet?

goto settings, then options.. click main then type the amount of coins you want to keep from staking, then apply then ok.. your welcome

[johncassa]

It could decrease the stake lucky to avoid too much inflation

1st level: 2500
2nd level: 7500
3rd level: 30000

I would reduce the staking requirement and the rewards to give more people an opportunity to get one.
Current: (225K coins per day)
50,000 - 24 blocks per day of 5K (120,000 coins)
100,000 - 3 blocks per day of 15K (45,000 coins)
300,000 - 1 block per day of 60K (60,000 coins)

Perhaps:
25,000 Stake - chance to win 50 blocks of 1K (50,000 - overall reduction of 70,000 coins per day, 26 more winners)
50,000 Stake - chance to win 10 blocks of 4K (40,000 - overall reduction of 5,000 coins per day, 7 more winners)
100,000 Stake - chance to win 6 blocks of 10K (60,000 - overall no change, 5 more winners)

With these numbers, you give away 75,000 less coins per day (150K versus 225K) but increase the number of awards from 28 to 66 (more than double).  You also reduce the number of coins required to participate and provide incentive for people to hold/stake even at lower levels.  Only decision then is how long to run it for. Could continue after the first 30 days and reduced reward rates for same stakes.

+1