Digital Credits : Proof of Burn Discussion Thread | burns canceled do to attacks

[BlockchainDynamics]

Cool.  New site and explorer are working quick from over here.

One thing I am having trouble finding an answer to...  Is there a particular number of burns that will occur?  I am wanting to figure out if all the coins reserved for burns will over time be completely distributed and how many burns that is supposed to take place over, or if it is a variable I would like to know that too.

Thanks!

We normally do 1 burn each month on a different dead coin. The amount of new credits we release depends on the value of the targeted coin and how much of that coin is in circulation. The burns will continue until the burn fund is completely depleted. We have about 198 million credits left for this purpose, The process could take 5 or 10 years to distribute them all. If we run out of good targets before the fund in depleted, we will destroy whatever is left over. But with the number of dead or dieing coins in the altcoin space I don't see that happening anytime soon. I hope I have answered all your questions.

cool thanks.  I picked a little bit up off the exchange and will see if the next burn is something I feel like participating in.   

[intristin]

Cool.  New site and explorer are working quick from over here.

One thing I am having trouble finding an answer to...  Is there a particular number of burns that will occur?  I am wanting to figure out if all the coins reserved for burns will over time be completely distributed and how many burns that is supposed to take place over, or if it is a variable I would like to know that too.

Thanks!

We normally do 1 burn each month on a different dead coin. The amount of new credits we release depends on the value of the targeted coin and how much of that coin is in circulation. The burns will continue until the burn fund is completely depleted. We have about 198 million credits left for this purpose, The process could take 5 or 10 years to distribute them all. If we run out of good targets before the fund in depleted, we will destroy whatever is left over. But with the number of dead or dieing coins in the altcoin space I don't see that happening anytime soon. I hope I have answered all your questions.

cool thanks.  I picked a little bit up off the exchange and will see if the next burn is something I feel like participating in.   

Cool man, stake them, it's a slow return but that is on purpose. We want to protect your investment. Fast way is to burn dead coins, but even then, we offer a fair price so the value of DGCS wont go down.

[HarryPorter]

"...   we offer a fair price so the value of DGCS wont go down. " - I hold you by the word!

any leaks what coins will burn as the next?
I like DGCS wallet, is design nice way to me, looking simple, easy to use, all in right place.
I get some staked DGCS too, so POS is working fine.

[hussar]

been following this coin since launch. you should consider Arch as one of the burn coins 

[MbccompanyX]

been following this coin since launch. you should consider Arch as one of the burn coins 

Arch for what i saw it still have some activity but isn't reported on the thread, and anyway you're asking to burn a coin which market cap is higher then DGCS (205Btc of Arch vs 3Btc of DGCS) and anyway now i noticed that anybody is telling a possible coin to burn next month and i hope intristin have some plans about

[intristin]

"...   we offer a fair price so the value of DGCS wont go down. " - I hold you by the word!

any leaks what coins will burn as the next?
I like DGCS wallet, is design nice way to me, looking simple, easy to use, all in right place.
I get some staked DGCS too, so POS is working fine.

The next coin has been selected already but we are not ready to release the name. It is listed on C-Cex and is a dead scam coin with lots of bag holders. The wallet is not syncing very fast so we are gonna make a bootstrap for it to make it easy for you guys. When everything is ready to go we will release the name with the new nodes and bootstrap in a few days. It's another POS only coin. We have been having a hard time finding PoW coins that we can afford to buy up. Check back in a few days.

[MbccompanyX]

"...   we offer a fair price so the value of DGCS wont go down. " - I hold you by the word!

any leaks what coins will burn as the next?
I like DGCS wallet, is design nice way to me, looking simple, easy to use, all in right place.
I get some staked DGCS too, so POS is working fine.

The next coin has been selected already but we are not ready to release the name. It is listed on C-Cex and is a dead scam coin with lots of bag holders. The wallet is not syncing very fast so we are gonna make a bootstrap for it to make it easy for you guys. When everything is ready to go we will release the name with the new nodes and bootstrap in a few days. It's another POS only coin. We have been having a hard time finding PoW coins that we can afford to buy up. Check back in a few days.

but this coin that you say is listed on c-cex at least we know it's market cap? just saying if is on coinmarketcap can help as hint and i don't think is asking too much

[intristin]

"...   we offer a fair price so the value of DGCS wont go down. " - I hold you by the word!

any leaks what coins will burn as the next?
I like DGCS wallet, is design nice way to me, looking simple, easy to use, all in right place.
I get some staked DGCS too, so POS is working fine.

The next coin has been selected already but we are not ready to release the name. It is listed on C-Cex and is a dead scam coin with lots of bag holders. The wallet is not syncing very fast so we are gonna make a bootstrap for it to make it easy for you guys. When everything is ready to go we will release the name with the new nodes and bootstrap in a few days. It's another POS only coin. We have been having a hard time finding PoW coins that we can afford to buy up. Check back in a few days.

but this coin that you say is listed on c-cex at least we know it's market cap? just saying if is on coinmarketcap can help as hint and i don't think is asking too much

LOL, if I tell you that you will know what coin it is, lol. I want to make sure everything is working smoothly before I release the name. I don't want another repeat of selficoin. I will say that it's market cap is close to ours with about twice the supply. Feel free to speculate.

[MbccompanyX]

"...   we offer a fair price so the value of DGCS wont go down. " - I hold you by the word!

any leaks what coins will burn as the next?
I like DGCS wallet, is design nice way to me, looking simple, easy to use, all in right place.
I get some staked DGCS too, so POS is working fine.

The next coin has been selected already but we are not ready to release the name. It is listed on C-Cex and is a dead scam coin with lots of bag holders. The wallet is not syncing very fast so we are gonna make a bootstrap for it to make it easy for you guys. When everything is ready to go we will release the name with the new nodes and bootstrap in a few days. It's another POS only coin. We have been having a hard time finding PoW coins that we can afford to buy up. Check back in a few days.

but this coin that you say is listed on c-cex at least we know it's market cap? just saying if is on coinmarketcap can help as hint and i don't think is asking too much

LOL, if I tell you that you will know what coin it is, lol. I want to make sure everything is working smoothly before I release the name. I don't want another repeat of selficoin. I will say that it's market cap is close to ours with about twice the supply. Feel free to speculate.

well the fact that at least the market cap is close to dgcs is already something that we still need to see... too bad anyway that i don't have a c-cex account but let's still hope for some surprises, the already 5m (correct me if I'm wrong) find burned hit me on surprise and who knows what will happen next month

[intristin]

people seem to like the burns. No idea what will happen with find, I'm guessing most will dump the last day.

[tekyboy]

some updates about the pool payouts https://bitcointalk.org/index.php?topic=1203286.msg13700101#msg13700101

[intristin]

some updates about the pool payouts https://bitcointalk.org/index.php?topic=1203286.msg13700101#msg13700101

Thanks for the info Tekyboy!

In other news, you now have 24 hours left to swap your FINDcoin for Digital Credits. The Burn period ends very soon. Our next burn will be announced within the next 48 hours. To date about 325k FIND have been swapped. Turning out not to be a very popular burn, we will see what happens.

Please keep in mind that the nodes, and explorer will be coming down about a week after the burn ends, the block chain may have issues after this happens. Good luck.

[intristin]

DGCS can now be traded on a 4th exchange here : https://safecex.com/market?q=DGCS/BTC

[BlockchainDynamics]

kind of excited to see what the next burn coin will be 

[MbccompanyX]

kind of excited to see what the next burn coin will be 

Me too, for how intristin is trying to give us a image of it maybe we only need to hope that will go better, even if maybe for this one i will pass because it will be a coin listed on c-cex and let's say that i didn't heared good things about that exchange, but anyway let's hope for a better burning because with find maybe we started it a little bit unprepared

[intristin]

kind of excited to see what the next burn coin will be 

Announcement comes tomorrow first thing!

Guys, you have until the end of the day to burn your FINDcoin. The market will come down sometime between Midnight EST and Noon EST.

[kingaltcoins]

You should create a spreadsheet to enlist all the burns that have been done and are coming up next.
For convenience you might wanna mention the dates also

Eagerly waiting for the next burn

[intristin]

The January Burn has ended. 449,479 FIND coins have been burned and 112,369 new Digital Credits have been released into the world. February's Burn target is called FLOZ coin and is a PoS coin currently listed on C-CEX. We are offering a 1 to 1 trade for this coin. You have from now until the 29th of February to stake it and then swap for Digital Credits. Below is the information you need to get started. Good luck.  

TARGET COINS:

NAME: FLOZcoin (PoS)
BURN EXCHANGE RATE: 1 FLOZ = 1 DGCS
DOWNLOAD:
– http://dcredits.com/dload/FLOZ.zip (WINDOWS)
– http://dcredits.com/dload/bootstrap.zip (WINDOWS BOOTSTRAP)

Code:

addnode=85.25.44.206:9108
addnode=84.213.219.229:9108
addnode=104.172.24.79:9108
addnode=68.184.180.69:9108
addnode=47.20.124.114:9108
addnode=151.80.206.101:34570

EXPLORER: http://floz.blockpioneers.info/
BUY EXCHANGE: https://c-cex.com/?p=floz-btc
BURN EXCHANGE: https://btcpool.exchange/Market?pair=FLOZ/DGCS

Please note that their was some sort of attack on the FINDcoin block chain which appears to have forked it somehow. This is causing the block explorers to display incorrect information. We are looking into getting that all sorted out and will let you know if and when we do.    

[intristin]

You should create a spreadsheet to enlist all the burns that have been done and are coming up next.
For convenience you might wanna mention the dates also

Eagerly waiting for the next burn

We don't announce future burn targets until launch day. This is done to give everyone a fair shot. All burns basically start around the beginning of the month and end around the 30th. Past burns are listed on the bottom of the second post in this thread and here on our website: http://dcredits.com/pob/

[MbccompanyX]

The January Burn has ended. 714,348 FIND coins have been burned and 178,587 new Digital Credits have been released into the world. February's Burn target is called FLOZ coin and is a PoS coin currently listed on C-CEX. We are offering a 1 to 1 trade for this coin. You have from now until the 29th of February to stake it and then swap for Digital Credits. Below is the information you need to get started. Good luck. 

TARGET COINS:

NAME: FLOZcoin (PoS)
BURN EXCHANGE RATE: 1 FLOZ = 1 DGCS
DOWNLOAD:
– http://dcredits.com/dload/FLOZ.zip (WINDOWS)
– http://dcredits.com/dload/bootstrap.zip (WINDOWS BOOTSTRAP)

Code:

addnode=85.25.44.206:9108
addnode=84.213.219.229:9108
addnode=104.172.24.79:9108
addnode=68.184.180.69:9108
addnode=47.20.124.114:9108
addnode=151.80.206.101:34570

EXPLORER: http://floz.blockpioneers.info/
BUY EXCHANGE: https://c-cex.com/?p=floz-btc
BURN EXCHANGE: https://btcpool.exchange/Market?pair=FLOZ/DGCS

Please note that their was some sort of attack on the FINDcoin block chain which appears to have forked it somehow. This is causing the block explorers to display incorrect information. We are looking into getting that all sorted out and will let you know if and when we do.    

So we have the first 1:1 burn seems.... anyway with the actual price of dgcs there will be some difficulties maybe for who wants to burn, about the find fork i wouldn't be surprised if behind all that there is that stupid kid who is more like a serious pain.....