[ANN][AMS] AmsterdamCoin™ | 100% PoS, Cold-Staking, Side-Chains, Smart-Contracts

[mt55]

Is this coin only focusing on Amsterdam as a city or is there any association intended with the cannabis market?

This coin is focusing on Amsterdam and all the goods and services you can buy in the city. Not specially cannabis.

ok but why then would someone prefer Amsterdamcoin over Bitcoin? Amsterdamcoin by nature must be way more volatile than Bitcoin. What kind of special advantages do come with the usage of Amsterdamcoin?

look at the specs: The chain of Amsterdamcoin is (a lot) faster because of the faster block time and transaction costs are less. (a few $ vs < 0.01$) ( I don't see how you can pay for a beer at the bar now with Bitcoin. Amsterdamcoin would be perfectly suited for that.

Logical next step for development would be:
- mobile wallets so customers can pay with AMS.
- a payment system that can be used by merchants.
- a fiat <-> AMS gateway

Once such tech is in place, it's a matter of good marketing and this can go big. I probably want to help developing on this once the voting / budget system is in place for masternodes.

yes but assuming Bitcoin's lack in price stability, how the hell will Amsterdamcoin turn into a reliable payment method (which requires price stability of course)?

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[blissz]

Is this coin only focusing on Amsterdam as a city or is there any association intended with the cannabis market?

This coin is focusing on Amsterdam and all the goods and services you can buy in the city. Not specially cannabis.

ok but why then would someone prefer Amsterdamcoin over Bitcoin? Amsterdamcoin by nature must be way more volatile than Bitcoin. What kind of special advantages do come with the usage of Amsterdamcoin?

look at the specs: The chain of Amsterdamcoin is (a lot) faster because of the faster block time and transaction costs are less. (a few $ vs < 0.01$) ( I don't see how you can pay for a beer at the bar now with Bitcoin. Amsterdamcoin would be perfectly suited for that.

Logical next step for development would be:
- mobile wallets so customers can pay with AMS.
- a payment system that can be used by merchants.
- a fiat <-> AMS gateway

Once such tech is in place, it's a matter of good marketing and this can go big. I probably want to help developing on this once the voting / budget system is in place for masternodes.

yes but assuming Bitcoin's lack in price stability, how the hell will Amsterdamcoin turn into a reliable payment method (which requires price stability of course)?

right now, you're right, but it will take some time before you can really pay with AMS in a shop or bar. Once that important milestone is set, there will be more buyers / less coins get generated and the price will rise and finally stabilize enough to serve as a payment system. And yes one day a beer will cost you 5 AMS and the next day 4 AMS, but who cares? As long as the payment system is capable of handling this, I don't see an issue.

Announcement
Yobit has just swapped to the new blockchain. Deposits and withdrawals are enabled.

Nova is next Great work Kees!

[lombo66]

hi, who is the MN guide?

[blissz]

hi, who is the MN guide?

for now use this one:

https://pivxmasternode.org/masternode-setup/

ofcourse replace the pivx steps for amsterdamcoin then

[mt55]

Is this coin only focusing on Amsterdam as a city or is there any association intended with the cannabis market?

This coin is focusing on Amsterdam and all the goods and services you can buy in the city. Not specially cannabis.

ok but why then would someone prefer Amsterdamcoin over Bitcoin? Amsterdamcoin by nature must be way more volatile than Bitcoin. What kind of special advantages do come with the usage of Amsterdamcoin?

look at the specs: The chain of Amsterdamcoin is (a lot) faster because of the faster block time and transaction costs are less. (a few $ vs < 0.01$) ( I don't see how you can pay for a beer at the bar now with Bitcoin. Amsterdamcoin would be perfectly suited for that.

Logical next step for development would be:
- mobile wallets so customers can pay with AMS.
- a payment system that can be used by merchants.
- a fiat <-> AMS gateway

Once such tech is in place, it's a matter of good marketing and this can go big. I probably want to help developing on this once the voting / budget system is in place for masternodes.

yes but assuming Bitcoin's lack in price stability, how the hell will Amsterdamcoin turn into a reliable payment method (which requires price stability of course)?

right now, you're right, but it will take some time before you can really pay with AMS in a shop or bar. Once that important milestone is set, there will be more buyers / less coins get generated and the price will rise and finally stabilize enough to serve as a payment system. And yes one day a beer will cost you 5 AMS and the next day 4 AMS, but who cares? As long as the payment system is capable of handling this, I don't see an issue.

Announcement
Yobit has just swapped to the new blockchain. Deposits and withdrawals are enabled.

Nova is next Great work Kees!

I guess it is not as easy as you believe. I assume there are quite a few people who would wonder about a 20-25% price fluctuation for products within a day

[Fishmaster42]

https://masternodes.pro/


Want your Coin Listed here? join us on SLACK

[ViperBessa]

Hi guys...Could someone  provide a tutorial on setting up an AMS Master node? I'm new and I dont understand much about it...I would also like to know how many coins are needed for MN ? Thx

[Fishmaster42]

100k is the amt you need.

here is a guide for you. 


1. Go to Tools -> Debug console and enter the command "masternode genkey".

2. Get account address from main wallet.
In Debug Console enter the command "getaccountaddress MyMasternode".

3. send exactly 100 000 AMS to the address generated in Step 2.

4. Get the proof of transaction in main wallet.
Enter "masternode outputs" and copy the output to the notepad. This is the proof of the transaction.

5. Update masternode.conf in main computer.
Open masternode.conf in the main computer (should be under AppData/AMS folder) and update it as below.

It should look something like this
<name of masternode> <IP:50020> <PRIVATEKEY> <Proof of transaction>
MN1 IP:50020 PRIVATEKEY 918e5dfa....118093b 0

6. update AMS.conf file as below.
rpcuser=long random username
rpcpassword=longer random password
rpcallowip=127.0.0.1
listen=0
server=1
daemon=1
logtimestamps=1
maxconnections=256
masternode=1
externalip=your unique public ip address:50020
bind=your unique public ip address:50020
masternodeaddr=your unique public ip address:50020
masternodeprivkey= Masternode private key output from Step 1

7. Restart wallet

8. In Masternode tab make sure to activate your MN.

[ViperBessa]

Thanks Fishmaster42, this will help a lot Bro!

[solarrobot]

Awesome job on the swap. Excited to get my masternode up and running. Folks here we go!

[olegoleg117]

Today answered tech support yobit.
After 28 days after the ticket was created
28 !!!

about the fact that they blocked coins of clients under the fictitious pretext of moving from the storage.

For a month they took my bought coins, they either traded or used them in MN and a month later they returned nothing without explaining

Here is a "stock exchange"

[mmm01]

Glad yobit switched out finally. I didn't think it would happen to be honest.

[kaltun]

noob question,

my mn shows me earning of 0.075 AMS , while before it was  ALWAYS 1.5 ams

i have 0 connection ?? still my mn is online ??

when i restarted the wallet it does toke his time to come online ??

When I had a MN on the old chain and was solo mining I got blocks like this It may have something to do with that but I'm not sure.

i still have 0 connection but its still online ??

what must i do

[kaltun]

Announcement
Yobit has just swapped to the new blockchain. Deposits and withdrawals are enabled.

cool , so the wallet is active ( on yobit ) again, and its the new blockchain also...

good work Kees

[keesdewit]

noob question,

my mn shows me earning of 0.075 AMS , while before it was  ALWAYS 1.5 ams

i have 0 connection ?? still my mn is online ??

when i restarted the wallet it does toke his time to come online ??

When I had a MN on the old chain and was solo mining I got blocks like this It may have something to do with that but I'm not sure.

i still have 0 connection but its still online ??

what must i do

Try to delete all files in the data folder except the wallet.dat and masternode.conf file. Let it resync for a minute and you should be fine. Never seen it before.

[tygr1269tygr]

I want to invest in this coin
How much now brings one MN of income per day?
Are there any prospects for a rise in the value of the coin?

[kaltun]

noob question,

my mn shows me earning of 0.075 AMS , while before it was  ALWAYS 1.5 ams

i have 0 connection ?? still my mn is online ??

when i restarted the wallet it does toke his time to come online ??

When I had a MN on the old chain and was solo mining I got blocks like this It may have something to do with that but I'm not sure.

i still have 0 connection but its still online ??

what must i do

Try to delete all files in the data folder except the wallet.dat and masternode.conf file. Let it resync for a minute and you should be fine. Never seen it before.

thx for th reply, i shall try it later

[busiru]

actual nodes?

[keesdewit]

actual nodes?

Nodes are included in the wallet by default:

nl-1.amsterdamcoin.com
us-1.amsterdamcoin.com
us-2.amsterdamcoin.com
eu-1.amsterdamcoin.com
eu-2.amsterdamcoin.com
asia-1.amsterdamcoin.com

[prowe]

100k is the amt you need.

here is a guide for you. 


1. Go to Tools -> Debug console and enter the command "masternode genkey".

2. Get account address from main wallet.
In Debug Console enter the command "getaccountaddress MyMasternode".

3. send exactly 100 000 AMS to the address generated in Step 2.

4. Get the proof of transaction in main wallet.
Enter "masternode outputs" and copy the output to the notepad. This is the proof of the transaction.

5. Update masternode.conf in main computer.
Open masternode.conf in the main computer (should be under AppData/AMS folder) and update it as below.

It should look something like this
<name of masternode> <IP:50020> <PRIVATEKEY> <Proof of transaction>
MN1 IP:50020 PRIVATEKEY 918e5dfa....118093b 0

6. update AMS.conf file as below.
rpcuser=long random username
rpcpassword=longer random password
rpcallowip=127.0.0.1
listen=0
server=1
daemon=1
logtimestamps=1
maxconnections=256
masternode=1
externalip=your unique public ip address:50020
bind=your unique public ip address:50020
masternodeaddr=your unique public ip address:50020
masternodeprivkey= Masternode private key output from Step 1

7. Restart wallet

8. In Masternode tab make sure to activate your MN.

Superb Fishmaster42, it's always good to experience support like this! Keep it up.