[XBC] BitcoinPlus Official Thread

[bitcoinplusorg]

Good to see you jjmv and yes we do need a core developer to come on board as a full time member.We have secured a good bounty for such a person who is willing to develop this coin to its full potential.Also dividend payments from the community fund would be very attractive once volume and price return to reasonable levels.

[1714198558]

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[BitcoinPlusBus]

Very hard to find a developer willing to work for XBC coin rewards at this price but of course if a good developer or team of developers added value and built the infrastructure then naturally the price would climb in a sustainable manner.

[bitcoinplusorg]

Notice to all XBC coin traders

Do not use ASKCOIN exchange.Do NOT transfer your coins there.They have failed to upgrade to latest version and we are told that the exchange is experiencing problems.

[tellitlikeitis]

When your marketplace comes out you should limit trading to staked coins only.Basically the exchange resets balances back to wallets and all balance must be transferred an XBC wallet where the wallet ONLY releases staked coins for spending.That way fractions of 1 unit would be way more valuable and the community fund or larger holders would provide the liquidity at the new higher prices and through responsible trading and community cooperation realistic prices and volume could be acheived not only for a marketplace but also for cash outs such as coinpayments etc.It would also ensure staking/mining by the wallets contribute to hashpower and let naysayers sell,dump or whatever after they are fair warned this new system will take effect.

You would of course have to make adjustments with updated wallets and exchange cooperation etc but in the meantime where is my fucking LINUX wallet?

You would probably have to multiply or change the digits on coin balance when all coins are moved from the exchange into locked staking wallets in order to have enough coins available for trading but it would force people to mine their coins for network health and pay them for it.There would probably have to be a fixed lowest price system also by way of a permanent buy wall set up by larger stake holders or the community staking wallet to buy back coins at and if the maths was calculated properly then not only could network become self sustainable but trading volume could also?

Sounds like one of the best ideas I have actually heard of to date but as of yet untried.You would need some brainy people to work it out though.You would have to make 100% sure that the staking lock cannot be circumvented though by hard coding of some type.

[neo1947]

Hi
 l wonder if someone can help )) when l try to run qt wallet l have this msg l dont realy know what s it
any help pls

Regards

[egghead123]

Hi
 l wonder if someone can help )) when l try to run qt wallet l have this msg l dont realy know what s it
any help pls

Regards

That is caused by a corrupt database, sometimes if the wallet hasn’t closed cleanly that will happen.You have to make a backup of your wallet.dat file then delete all files, restart the wallet and resync.Also dump your private key with all coins off staking and spendable so it can be imported for ALL addresses you have used to receive coins in case anything does go wrong or wallet.dat is corrupted.

What happens when you click ignore option btw?

[neo1947]

Hi
 l wonder if someone can help )) when l try to run qt wallet l have this msg l dont realy know what s it
any help pls

Regards

That is caused by a corrupt database, sometimes if the wallet hasn’t closed cleanly that will happen.You have to make a backup of your wallet.dat file then delete all files, restart the wallet and resync.Also dump your private key with all coins off staking and spendable so it can be imported for ALL addresses you have used to receive coins in case anything does go wrong or wallet.dat is corrupted.

What happens when you click ignore option btw?

as l follow your instruction and it worked and staking now.
Thank you very much sir
Regards

[egghead123]

^No problem

[egghead123]

When your marketplace comes out you should limit trading to staked coins only.Basically the exchange resets balances back to wallets and all balance must be transferred an XBC wallet where the wallet ONLY releases staked coins for spending.That way fractions of 1 unit would be way more valuable and the community fund or larger holders would provide the liquidity at the new higher prices and through responsible trading and community cooperation realistic prices and volume could be acheived not only for a marketplace but also for cash outs such as coinpayments etc.It would also ensure staking/mining by the wallets contribute to hashpower and let naysayers sell,dump or whatever after they are fair warned this new system will take effect.

You would of course have to make adjustments with updated wallets and exchange cooperation etc but in the meantime where is my fucking LINUX wallet?

You would probably have to multiply or change the digits on coin balance when all coins are moved from the exchange into locked staking wallets in order to have enough coins available for trading but it would force people to mine their coins for network health and pay them for it.There would probably have to be a fixed lowest price system also by way of a permanent buy wall set up by larger stake holders or the community staking wallet to buy back coins at and if the maths was calculated properly then not only could network become self sustainable but trading volume could also?

Sounds like one of the best ideas I have actually heard of to date but as of yet untried.You would need some brainy people to work it out though.You would have to make 100% sure that the staking lock cannot be circumvented though by hard coding of some type.

Trying to understand how this could work because when someone then goes and buys on the exchange their balance could only be sent to a staking wallet?Then how does the exchange allow coins sent from a wallet to be sold without getting confused and wanting them to be sent back to the wallet.Even for this to work the exchange would have to be able to operate a system to suit it where bought coins go to a balance that can only be transferred to a staking wallet and coins sent from the staking wallet go to a spendable/tradable balance.

Not even sure peeps would welcome buying a coin and then suddenly being told that they cant trade it only stake it.A bit dictatorial/authoritarian in cryptoland and TBH I dont like being told what to do with my own money.Cryptoland is supposed to be a free fucking country and all that.

We need to concentrate on decentralisation of everything somehow and making the coin run flat out on its own with little or no interference and a bigger community with quality skills and contacts in the crypto space but thats just my opinion.

[BitcoinPlusBus]

There is no point in pussy footing around the issue that we need new team members with expertise in technical development but we have all the essentials and a couple of things not previously mentioned.I still believe that even if we could make people do time travel with the wallet or network it wouldnt make a difference to trading patterns.The reality is that there are coins with lots of BTC behind them from the BTC community who have made a lot of money manipulating markets who could be from shitcoin central and still have huge volume simply because they have money behind them.

Look we have only 75k coins and a community wallet.We could probably park this coin at .005 in an instant if we wanted but then what?What the hell is wrong with people?Are they blind?Do they not see the opportunity here and the long term vision past a few quick bucks??

[jjmv]

There is no point in pussy footing around the issue that we need new team members with expertise in technical development but we have all the essentials and a couple of things not previously mentioned.I still believe that even if we could make people do time travel with the wallet or network it wouldnt make a difference to trading patterns.The reality is that there are coins with lots of BTC behind them from the BTC community who have made a lot of money manipulating markets who could be from shitcoin central and still have huge volume simply because they have money behind them.

Look we have only 75k coins and a community wallet.We could probably park this coin at .005 in an instant if we wanted but then what?What the hell is wrong with people?Are they blind?Do they not see the opportunity here and the long term vision past a few quick bucks??

+1, and thanks for the help again mr. egghead

[jjmv]

Website - Lets get this updated fast!! Wouldnt say it needs complete overhaul but there are some fundamental things that need sorted. About page is referring to coin swap like it has not happened yet. Stake & Funds Distribution along with sustainability should ideally be on the resources page. Same with list of donations. How long is it going to take for Basic Wallet Use Instructions - if its needed? Roadmap should have its own page on website rather than link to a doc?

The website is updated.

[jjmv]

Alright everyone... quick update.

The August stake distribution is on the way from Poloniex.  Details are below...

~23864 community coins in the staking wallet (~9045 of those were unswapped at polo... these coins will be held until a decision is made)
~444 coins staked during July.  This is how they will be split...
70% - 310.8 XBC - Growth and Support Fund
20% - 88.8 - Dev recruitment and retention
5% - 22.2 - Split between the team
4% - 17.76 - Stays in escrow account for constant growth
1% - 4.44 - Poloniex fee

~23438 coins will be left in community account and allowed to stake until next month.  And the cycle continues...

Please visit the resource page at www.bitcoinplus.org if you have any questions.

[BitcoinPlusBus]

Alright everyone... quick update.

The August stake distribution is on the way from Poloniex.  Details are below...

~23864 community coins in the staking wallet (~9045 of those were unswapped at polo... these coins will be held until a decision is made)
~444 coins staked during July.  This is how they will be split...
70% - 310.8 XBC - Growth and Support Fund
20% - 88.8 - Dev recruitment and retention
5% - 22.2 - Split between the team
4% - 17.76 - Stays in escrow account for constant growth
1% - 4.44 - Poloniex fee

~23438 coins will be left in community account and allowed to stake until next month.  And the cycle continues...

Please visit the resource page at www.bitcoinplus.org if you have any questions.

Thank you sir

[bitcoinplusorg]

If anyone has any skills like applications that can be installed for accepting payment on a marketplace with some kind of auto autonomous confirmation/verification of payment received similiar to itunes etc etc we would like to hear from you.

[egghead123]

was there not an original vendor portal been worked on for xbc?anyway with the new structure in place any dev who is worth their salt should be able to develop a suitable decentralised marketplace and be well rewarded when buying xbc is required in order to use it.In the end nobody will be able to dump xbc but without a large trading volume then coin is not a great form of payment no matter what the price even 500x btc.You cant have someone cashing out 1 xbc for 1 btc and the next person only getting .1 or .0001 so volume at a stable price is key with small amounts of the coin being traded at higher prices.
 I can see some reasonable to use only staked coins for trading but applying that in practice would be difficult unless there was 100% agreement and people were prepared to buy and stake.The only way I could see that happen is when you have over a certain amount on trading balance then the excess goes to locked staking wallet so less coins are also left sitting on the exchange but then you would probably have people opening multiple trading accounts to circumvent it.

Also any other exchange down the line would also have to facilitate it and that may be a hurdle regards getting listed.

For volume we need two high volume exchanges so arbitrage naturally forms competitive pricing but in the end it is down to votes or money and afaik bittrex wants 2btc to get auto listed.

[jjmv]

For volume we need two high volume exchanges so arbitrage naturally forms competitive pricing but in the end it is down to votes or money and afaik bittrex wants 2btc to get auto listed.

I vote for using some of the funds to get listed on another exchange or two... def needed...

[BitcoinPlusBus]

I will add that ^ to the poll

[jjmv]

I will add that ^ to the poll

thanks bud

[Indicators]

2 BTC is a bit greedy by Bittrex considering they delist any coins with low volume and without much warning.I would use that money to buy up low priced coins or put it towards a marketplace.All the technology or innovation in the world makes little difference because someone else can copy it later but having a marketplace where you can instantly buy or sell things for xbc would probably make people want to trade it more so they can use it and then volume would pick up naturally.
The key point is an incentive to buy and the right price and volume to sell but the less bagholders the better however having a community wallet to absorb the surplus and stake for structural funding is like having a community crypto bank or savings account and maybe that can be used as an investment fund in other innovative coins later to build xbc wealth etc and disperse back into the community staking wallets as dividends.Also any technologies you develop or whatever you invest in should be held as an asset by xbc but you would have to look into how that is done in the crypto world by way of autonomous company or something.