[XBC] BitcoinPlus Official Thread

[BitcoinPlusBus]

2017-11-13 13:11 UTC

Difficulty
POW: 0.01442156
POS: 0.00026379
Coin Supply (XBC)
102718.52835336
452123 blocks
34 connections

XBC/BTC
Last Price
0.01764544
24hr Change
+70.14%
24hr High
0.01993227
24hr Low
0.00917270
24hr Volume:
1084.35696617 BTC / 72354.59730185 XBC

[1714066730]

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[1714066730]

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[BitcoinPlusBus]

Hi

Can I make a few suggestions concerning the website?

People that come from outside of crypto don't many times know what is Proof of Stake. We could mention what it means. Say for example... Bitcoinplus doesn't need energy intensive mining, unlike BTC & BCH. Which translates into many positive things: cost effectiveness, eco-friendly, no miner hassle etc...

Then go down a little bit. It mentions 20% inflation. That's a big problem for newcomers. People don't understand what it means in crypto, so it's seen just as a threat. We'd need to open it up... that it's a possibility to earn. With so little coins it's hardly a threat, if the project just goes on. So encourage staking. Even Polo folks aren't interested in staking. They just want to make the quick buck.

What do you think?

escapecoin there already is a section on the website explaining PoS in some detail but if there is anything you would like to suggest something specific to be added to it let us know.

https://www.bitcoinplus.org/blog/proof-stake-explained

Then go down a little bit. It mentions 20% inflation. That's a big problem for newcomers. People don't understand what it means in crypto, so it's seen just as a threat. We'd need to open it up... that it's a possibility to earn. With so little coins it's hardly a threat, if the project just goes on. So encourage staking. Even Polo folks aren't interested in staking. They just want to make the quick buck.

20% is what was agreed by the community as a staking reward for people who provide security for the network and confirm transactions.It is not an investment or security or any other form of money making scheme just similiar to the block reward for PoW etc.

[ymalikov]

Hi

Can I make a few suggestions concerning the website?

People that come from outside of crypto don't many times know what is Proof of Stake. We could mention what it means. Say for example... Bitcoinplus doesn't need energy intensive mining, unlike BTC & BCH. Which translates into many positive things: cost effectiveness, eco-friendly, no miner hassle etc...

Then go down a little bit. It mentions 20% inflation. That's a big problem for newcomers. People don't understand what it means in crypto, so it's seen just as a threat. We'd need to open it up... that it's a possibility to earn. With so little coins it's hardly a threat, if the project just goes on. So encourage staking. Even Polo folks aren't interested in staking. They just want to make the quick buck.

What do you think?

escapecoin there already is a section on the website explaining PoS in some detail but if there is anything you would like to suggest something specific to be added to it let us know.

https://www.bitcoinplus.org/blog/proof-stake-explained

Then go down a little bit. It mentions 20% inflation. That's a big problem for newcomers. People don't understand what it means in crypto, so it's seen just as a threat. We'd need to open it up... that it's a possibility to earn. With so little coins it's hardly a threat, if the project just goes on. So encourage staking. Even Polo folks aren't interested in staking. They just want to make the quick buck.

20% is what was agreed by the community as a staking reward for people who provide security for the network and confirm transactions.It is not an investment or security or any other form of money making scheme just similiar to the block reward for PoW etc.

I think OP means if we call it inflation it doesn't sound good. we can say "expansion of coin supply" or "annual reward until coin supply reaches 1,000,000.

[ymalikov]

Hi team

Have you tried listing on Binance? You can apply by just inputting coin info:

https://support.binance.com/hc/en-us/articles/115000822512

Has anyone dealt with Binance before?  I am looking for someone to take the lead on this. Does anyone with experience with Binance?

This seems like a good opportunity to explore.

[egghead123]

They have been contacted a couple of times already.People are welcome to email and tweet them too.The bigger the community voice the better regarding getting added to new exchanges.Bigger community equals more consistent trading activity in their eyes and there is no point getting listed and having another exchange with low volume.

[egghead123]

Hi

Can I make a few suggestions concerning the website?

People that come from outside of crypto don't many times know what is Proof of Stake. We could mention what it means. Say for example... Bitcoinplus doesn't need energy intensive mining, unlike BTC & BCH. Which translates into many positive things: cost effectiveness, eco-friendly, no miner hassle etc...

Then go down a little bit. It mentions 20% inflation. That's a big problem for newcomers. People don't understand what it means in crypto, so it's seen just as a threat. We'd need to open it up... that it's a possibility to earn. With so little coins it's hardly a threat, if the project just goes on. So encourage staking. Even Polo folks aren't interested in staking. They just want to make the quick buck.

What do you think?

escapecoin there already is a section on the website explaining PoS in some detail but if there is anything you would like to suggest something specific to be added to it let us know.

https://www.bitcoinplus.org/blog/proof-stake-explained

Then go down a little bit. It mentions 20% inflation. That's a big problem for newcomers. People don't understand what it means in crypto, so it's seen just as a threat. We'd need to open it up... that it's a possibility to earn. With so little coins it's hardly a threat, if the project just goes on. So encourage staking. Even Polo folks aren't interested in staking. They just want to make the quick buck.

20% is what was agreed by the community as a staking reward for people who provide security for the network and confirm transactions.It is not an investment or security or any other form of money making scheme just similiar to the block reward for PoW etc.

I think OP means if we call it inflation it doesn't sound good. we can say "expansion of coin supply" or "annual reward until coin supply reaches 1,000,000.

It probably would be better worded to something like mining the supply into existence.It's no different from PoW mining of any coin out there except with PoS the bigger the stake you have the more you mine/mint.If you look at PoW and different mining difficulties its really all about the more you put in the more you get out.With PoW its investment in more hash power and with staking its the more coins you have staking in your wallet so its equally viable regards fairness.We did have a vote on it to try to split it up 50:50 PoW:PoS but we didn't get consensus.

[escapecoin]

Yes that's what I meant, thanks ymalikov. Inflation sounds bad. People go like whaaat.. 20% this is going to lose it's value in no-time.

[escapecoin]

Alright email sent to Binance. Someone else come along?

[ymalikov]

Hi

Can I make a few suggestions concerning the website?

People that come from outside of crypto don't many times know what is Proof of Stake. We could mention what it means. Say for example... Bitcoinplus doesn't need energy intensive mining, unlike BTC & BCH. Which translates into many positive things: cost effectiveness, eco-friendly, no miner hassle etc...

Then go down a little bit. It mentions 20% inflation. That's a big problem for newcomers. People don't understand what it means in crypto, so it's seen just as a threat. We'd need to open it up... that it's a possibility to earn. With so little coins it's hardly a threat, if the project just goes on. So encourage staking. Even Polo folks aren't interested in staking. They just want to make the quick buck.

What do you think?

escapecoin there already is a section on the website explaining PoS in some detail but if there is anything you would like to suggest something specific to be added to it let us know.

https://www.bitcoinplus.org/blog/proof-stake-explained

Then go down a little bit. It mentions 20% inflation. That's a big problem for newcomers. People don't understand what it means in crypto, so it's seen just as a threat. We'd need to open it up... that it's a possibility to earn. With so little coins it's hardly a threat, if the project just goes on. So encourage staking. Even Polo folks aren't interested in staking. They just want to make the quick buck.

20% is what was agreed by the community as a staking reward for people who provide security for the network and confirm transactions.It is not an investment or security or any other form of money making scheme just similiar to the block reward for PoW etc.

I think OP means if we call it inflation it doesn't sound good. we can say "expansion of coin supply" or "annual reward until coin supply reaches 1,000,000.

It probably would be better worded to something like mining the supply into existence.It's no different from PoW mining of any coin out there except with PoS the bigger the stake you have the more you mine/mint.If you look at PoW and different mining difficulties its really all about the more you put in the more you get out.With PoW its investment in more hash power and with staking its the more coins you have staking in your wallet so its equally viable regards fairness.We did have a vote on it to try to split it up 50:50 PoW:PoS but we didn't get consensus.

Actually this is way more fair that PoW mining.
There are 3. reasons that immediately jump to mind: (please comment if you see any other differences)
1. For PoW mining to be profitable you need scale in order to be competitive. There is also variance on electricity price around the world. Some places you have free electricity if you know the right corrupt people.
2. When you buy a rig, you trust the manufacturer to provide it to you right away without using it themselves first. We would be fools to believe that they don't use the rigs for a little while before sending them off to their customers. This gives an automatic unfair advantage to rig manufacturers.
3. You cannot become a miner if you have say $100 or $1000. You really need a few thousand or 10s of thousands. This goes back to point 1 and 2.

With PoS mining, everyone is on level playing field IF the reward is the same.
We know DASH for example, is not equal reward due to master nodes and they claim to achieve faster tx times due to master nodes.
Anyhow, Bitcoin Plus is actually level and fair across the playing field. Everyone gets 20% mining stake reward per year. You can by 1 coin and get your 20% after some time. Granted it will take you longer to see that reward come in but it will equal out to 20% per year - just like people who hold 100 coins or 10,000 coins will get. The only difference for those who hold more XBC is that they see the reward more frequently, however it equals out to the same 20% per year.

You can invest with 1$ or 1000$ with XBC, you get the same reward until 1,000,000 coins are minted - approx 12 years from now.
After 12 years you will get a proportional % of the fees as "minting" reward. Its not really minting at this point.
Only at this point those with higher balances will get rewarded more.

[ymalikov]

They have been contacted a couple of times already.People are welcome to email and tweet them too.The bigger the community voice the better regarding getting added to new exchanges.Bigger community equals more consistent trading activity in their eyes and there is no point getting listed and having another exchange with low volume.

We need an alternative to Poloniex - they are refusing to verify people!
Plain and simple: They want to keep your coins on their exchange.

I am not OK with $2,000 withdraw per day. What the fuck is this allowance BS?

[egghead123]

They have been contacted a couple of times already.People are welcome to email and tweet them too.The bigger the community voice the better regarding getting added to new exchanges.Bigger community equals more consistent trading activity in their eyes and there is no point getting listed and having another exchange with low volume.

We need an alternative to Poloniex - they are refusing to verify people!
Plain and simple: They want to keep your coins on their exchange.

I am not OK with $2,000 withdraw per day. What the fuck is this allowance BS?

What's stopping you from using cryptopia or coinexchange?

[ymalikov]

Alright email sent to Binance. Someone else come along?

Escapecoin thanks for getting that started!

Can you please post for us the email that you sent them? The subject line and body? I would like to piggy back on what you sent them.

If we all get the same word out to them, they will see that we are a community.

Did Binance want some technical information about the coin? Let us know what you wrote to them.
Thank you!

[egghead123]

Actually this is way more fair that PoW mining.
There are 3. reasons that immediately jump to mind: (please comment if you see any other differences)
1. For PoW mining to be profitable you need scale in order to be competitive. There is also variance on electricity price around the world. Some places you have free electricity if you know the right corrupt people.
2. When you buy a rig, you trust the manufacturer to provide it to you right away without using it themselves first. We would be fools to believe that they don't use the rigs for a little while before sending them off to their customers. This gives an automatic unfair advantage to rig manufacturers.
3. You cannot become a miner if you have say $100 or $1000. You really need a few thousand or 10s of thousands. This goes back to point 1 and 2.

With PoS mining, everyone is on level playing field IF the reward is the same.
We know DASH for example, is not equal reward due to master nodes and they claim to achieve faster tx times due to master nodes.
Anyhow, Bitcoin Plus is actually level and fair across the playing field. Everyone gets 20% mining stake reward per year. You can by 1 coin and get your 20% after some time. Granted it will take you longer to see that reward come in but it will equal out to 20% per year - just like people who hold 100 coins or 10,000 coins will get. The only difference for those who hold more XBC is that they see the reward more frequently, however it equals out to the same 20% per year.

You can invest with 1$ or 1000$ with XBC, you get the same reward until 1,000,000 coins are minted - approx 12 years from now.
After 12 years you will get a proportional % of the fees as "minting" reward. Its not really minting at this point.
Only at this point those with higher balances will get rewarded more.

Some good points here.We might be able to add some parts of this to the description on the site.Cheers

[rendravolt]

They have been contacted a couple of times already.People are welcome to email and tweet them too.The bigger the community voice the better regarding getting added to new exchanges.Bigger community equals more consistent trading activity in their eyes and there is no point getting listed and having another exchange with low volume.

The role of the community is crucial to a platform or product, as XBC should not just be in that exchange, so there are at least a lot of exchange options and people are free to vote for it.

[ymalikov]

They have been contacted a couple of times already.People are welcome to email and tweet them too.The bigger the community voice the better regarding getting added to new exchanges.Bigger community equals more consistent trading activity in their eyes and there is no point getting listed and having another exchange with low volume.

We need an alternative to Poloniex - they are refusing to verify people!
Plain and simple: They want to keep your coins on their exchange.

I am not OK with $2,000 withdraw per day. What the fuck is this allowance BS?

What's stopping you from using cryptopia or coinexchange?

Binance is 111 million volume. Cryptopia + coinexchange is 21 million put together.
Binance has a good business model. They have a crypto that pays dividends.

Both Cryptopia + coinexchange have been around for a while - not sure of the exact dates but i don't think they are going anywhere...

[sinner]

because of the name, i have to ask: is there any kind of an airdrop/fork/giveaway for BitcoinPlus?

(i ask because Bitcoin Cash, Bitcoin Gold, Bitcore, Bitcoin Red, and probably a few others have done forks/airdrops.. need to look into LiteBitcoin, Bitcoin Scrypt, AntiBitcoin, BitcoinFast, Bitcoin Planet, Bitcoin 21, wouldnt be surprised if there are more)

[escapecoin]

Alright email sent to Binance. Someone else come along?

Escapecoin thanks for getting that started!

Can you please post for us the email that you sent them? The subject line and body? I would like to piggy back on what you sent them.

If we all get the same word out to them, they will see that we are a community.

Did Binance want some technical information about the coin? Let us know what you wrote to them.
Thank you!

Subject line was "Profitable listing"

Body:
---
Bitcoinplus (XBC) is a promising coin with a small supply. Only second POS coin to soon get Segwit, along with other upgrades. It's also getting nice trading volume on Poloniex. This would be a profitable coin for Binance to add.

XBC team has filled the apply form on your site.
---

If you email them you could mention that this coin is not a newcomer. That the team is dedicated long term and community supportive.

[escapecoin]

They replied that they will take a look at it. So now would be a good time to send more their way.

[escapecoin]

A question to the team. When you filled the apply form... was there a link to Github?

If not, someone could send them that as well, to proove there is development going on.

[ymalikov]

They replied that they will take a look at it. So now would be a good time to send more their way.

Awesome! I am following suit with an email.