MicroCash. Now in Alpha 2 release. discussion

[pineapples]

microcash

Nearly 5 years in the making, MicroCash seems nearly ready to hit the light of day with it's recent Alpha release 2.
The main developer Real Solid has finally come out of his closet with juices flowing.

Microcash fits into the general mold of P2P de-centralized currency using cryptographically secure free and open network with zero-trust accounting,
Apart form it's obvious ability to destroy modern banking and money processing methods, it also has numerous sparkling features which make it valuable and some which set it strongly apart from other coins featuring generic BTC code base.

- Instant transactions that are 100% irreversible. No need to trust a miner (proof of work) or rich person (proof of stake) to not reverse your transactions. No need to wait, at all.
- An account system that mimics existing banking accounts, making it easy to progress from existing financial system to MicroCash. Store extra data there to help with your business or set yourself apart from the world. Give it a name so people can send payments to your name rather than a crypto address.
- Extremely efficient. Can already scale past Visa, Mastercard and PayPal transaction levels COMBINED on a normal PC. Current figures suggest "over 15,000 transactions per second on a generic i7" using UDP to minimize bandwidth and latency.
- 100% entirely new C++11 source code. Designed to be easy to understand and work on. Not derived from Bitcoin or any other crypto project. 100% free (MIT license).
- 100% independent from external libraries to ensure integrity and efficiency
- All financial rules are 100% decentralized over the P2P network, every single node has to verify every single transaction for it to count. Nothing can slip by, ever. Outside of world changing cryptography breaks - MicroCash is able to be verified to be 100% secure in regards to the MicroCash financial "state" where all the money is stored.
- Sidechain support from the start. You can add your PoW, PoS, first-comes, cryptokey, or whatever system to MicroCash easily. You don't even need to do it in C++, just hook into the node via the extremely fast API.
- HTTP server built in to the node so it can serve a wallet directly to any web browser. Access your wallet from anywhere in the world at any time, to send money instantly. No more waiting.
- Easy API access to develop businesses around. Because it is 100% secure and instant it will be extremely easy to slot into any existing payment system. No need to wait for confirms or worry about anything at all. If money comes in, then you have the money until you want to spend it, it is as simple as that. No one can take it away from you.
- Multiple P2P nodes in the same binary. Control them from the web interface. Start, stop them or change their settings. See the nodes they are connected to. All in real time. No more cryptic command line routines to remember.
- Built in account and transaction explorer. No need for external 3rd party services to see what should be standard information in a financial network. The state of the system. Look at any account you want, look at any transaction you want. But unless you own that account there is nothing you can do to it! Well, besides send money to it of course!
                    -see  https://forums.microcash.org/threads/microcash-overview.10/

Microcash has a long history of development and community springing from it's SolidCoin roots, but it is still grappling with various decisions. It is one thing to code a working system, another to actually fill in the variables.
Users and Developers of all levels are encouraged to come and participate in it's growth. Testing and Community involvement are required to fulfill it's life into a breathing network.

Microcash distribution nor network maintenance will not involve PoW. It will be generated then distributed. The current proposed model for distribution involves two main methods
1. Buying it, by sending BTC to a fixed address and funds will be distributed accordingly upon completion
2. Community participation, you participation in the forums or other approved methods will be rewarded (hint, when you sign up tell them pineapples sent you
                  - see https://forums.microcash.org/threads/how-to-get-microcash-initial-economic-seeding.27/


It is important for any currency to have a great distribution model, Microcash is no exception. Distribution is open to everyone who wants to participate.


---
SolidCoin was a very early BitCoin variant designed by RealSolid and released late 2011. It could be considered an early variant of Microcash. SolidCoin is worth mentioning at this point that there has been earlier discussion about converting into Microcash, but that is no longer being considered (for more info on this see above link on economic seeding).
For a longer history of SolidCoin some further good reading is at https://forums.microcash.org/threads/solidcoin-was-first-to-do-proof-of-stake.33/


useful links -

MicroCash forum : https://forums.microcash.org/
MicroCash Alpha Release 2 : https://forums.microcash.org/threads/microcash-alpha-release-2.17/
MicroCash wiki : http://wiki.microcash.org/index.php/Main_Page

also #mtmox irc channel on freenode


=================================================================

MicroCash is
 seeking xenforo devs.
 skilled php devs.

-contact https://forums.microcash.org/members/ryler-sturden.2/

------------------------
strangely I thought I put this in Alternate cryptocurrencies/Discussion, not Announcements

[sadface]

better not touch anything from realsolid

[spartacusrex]

hmm.. I like innovation as much as the next man.. but..

Having been to the website, there is nothing there that explains anything ?

All they say is how wonderful Microcash is, but not how it's done..

They do not explain how they can manage such massive through put, or how their 'Instant' txns work. Other than some wiffle-waffle (please correct me if you have some actual algorithms you wish to make public) they have not shown us anything.

That's not a good sign.. 

[crypto jerk]

https://cse.google.com/cse?cx=016660200577587308545%3Aesf40ml9aag&ie=UTF-8&q=Realsolid&sa=Google+search#gsc.tab=0&gsc.q=Realsolid&gsc.page=1



[SCAMMER] RealSolid (Jason Annice or Kevin Armitt) owner of ...
https://bitcointalk.org/index.php?topic=781946.0
At the end of last year, RealSolid held an illegal IPO for shares in mcxnow.com. He touted that it was going to be the biggest altcoin exchange ...



Microcash scam perpetrated by Realsolid
https://bitcointalk.org/index.php?topic=133855.0
1. Realsolid promised to release Microcash. 2. Then he went silent. 3. Then those who believe in the project started asking on the microcash ...



MCXNow Can See your passwords! REALSolid has access to all ...
https://bitcointalk.org/index.php?topic=295247.0
If you are using MCXnow, be very careful! RealSolid and his cronies has access to all your password. This came directly from his mouth in chat.

The Official MCXNOW - REALSOLID SCAM Thread - Please add to ...
https://bitcointalk.org/index.php?topic=347008.0
The Official MCXNOW - REALSOLID SCAM Thread - Please add to this if u scammed. November 26, 2013, 03:50:23 AM.

MCXNow Realsolid Has Screwed Everyone. MCXNOW SHUTTING ...
https://bitcointalk.org/index.php?topic=346890.120
This is what we get for letting a photocopy specialist design a currency exchange. RealSolid's LinkedIn profile.

mcxNOW and Realsolid Scamming Everyone Was A 100% Certainty ...
https://bitcointalk.org/index.php?topic=347257.15;imode
Right now Realsolid is an unknown "ghost", 100% anonymous with several million USD in BTC. No one knows where crypto as a whole is headed, will it grow or ...

[Snail2]

Stuff from RealSolid used to turn out to be some sort of scams. Why should we believe in his latest scheme? Anyway if it's minable then BCX will surely get a new hobby .

[pineapples]

Whether or not anything is a scam seems highly changeable from a bitcointalk perspective. Most people are indifferent as long as they've made their 25c or whatever but the shit hits the fan when they lose money or face.

SolidCoin had it's ups and downs, as did MCXNow. As is the case whenever there is a central body making decisions some of those decisions may be unpopular and it's far too easy to sit on yr keyboard and channel psychopathic rage demons when you've lost $$$, generally feel butt-hurt or misunderstood.

There is centralisation of some sort in practically every single thing you ever do, BTC's fabled consensus shows the impossibility of change when a major party won't play ball. It will be interesting the outcome should the largest miningpools form some sort of decision making body.

In an ideal world RealSolid will have learnt from previous "mistakes" The truth will be in the pudding of future work.



There will be no mining, the final code will be open source.
This thread is really only here to spread the word, for any questions just ask on the forum.
https://forums.microcash.org/

[monsterer]

Whitepaper?

[Snail2]

Whether or not anything is a scam seems highly changeable from a bitcointalk perspective. Most people are indifferent as long as they've made their 25c or whatever but the shit hits the fan when they lose money or face.

SolidCoin had it's ups and downs, as did MCXNow. As is the case whenever there is a central body making decisions some of those decisions may be unpopular and it's far too easy to sit on yr keyboard and channel psychopathic rage demons when you've lost $$$, generally feel butt-hurt or misunderstood.

There is centralisation of some sort in practically every single thing you ever do, BTC's fabled consensus shows the impossibility of change when a major party won't play ball. It will be interesting the outcome should the largest miningpools form some sort of decision making body.

In an ideal world RealSolid will have learnt from previous "mistakes" The truth will be in the pudding of future work.

There will be no mining, the final code will be open source.
This thread is really only here to spread the word, for any questions just ask on the forum.
https://forums.microcash.org/

You are right, as long as people can make some profit they will happy even with a scam. Anyway this isn't an ideal world and RealSolid gained a pretty dubious reputation here, so I doubt that he turned to a saint. Looks more like an attempt to catch up with the latest developments in crypto.

[z38630610]

where buy ?dev

[pineapples]

where buy ?dev

https://forums.microcash.org/threads/how-to-get-microcash-initial-economic-seeding.27/

1) Buy it with Bitcoin *

    Send any amount of Bitcoin to 1DJdbs7fYLjnsYeNNERkCgrfX8vTnpU9R7 and use your MicroCash forum user number found at https://forums.microcash.org/account/ as the identifier (hint: it is in the browser url after your username).
        Example: If you want to buy 1 Bitcoin worth of MicroCash send 1.0000XXXX where XXXX is your member number. If your number is 51 then you would send 1.00000051 . If your number is 97 you would send 1.00000097 . Make sure this is valid, any problems arising from this being incorrect are on your shoulders only.
    * Each Bitcoin spent will buy you the equivalent amount of MicroCash in US Dollars. So if Bitcoin is $500 you get 500 MicroCash.
    * Between the time you place a buy and the MicroCash launch, you will be credited MicroCash at the value of the highest price Bitcoin is in that time period.
        Example: If you sent 1BTC today at a current value of $430 and at launch the Bitcoin price is $200, you will be credited 430 MicroCash at the time of launch. If Bitcoin goes to $2000 you get 2000 MicroCash. Price will be based on average price for the 24 hour period using something like http://www.coindesk.com/price/bitcoin-price-index/
    * The Bitcoin is not refundable unless 60 days have passed since you sent, or if the MicroCash launch is abandoned for some reason, whichever were to come first. No exceptions. So make sure you understand this before sending anything.
    The Bitcoin will be spent supporting the currency, more info on this will be posted later. All spent Bitcoin will be cataloged publicly and certain things voted on. None will be spent until after launch.

2) Community Building *   [this applies to the MicroCash forum https://forums.microcash.org/]

    For every 1000 words on this forum. you will get one(1) MicroCash
    For every new person you get to sign up as a forum user, and who makes at least 10 posts, you will get one(1) MicroCash
    For every 1000 words someone you signed up writes, you will 0.5 MicroCash
    All community-based MicroCash creation will be publicly linked to a forum account and visible somewhere on the site before launch.
    Certain jobs that need to be done will have small MicroCash awards roughly relating to the cost it would have been in USD
    All community-based MicroCash creation is public and will be visible forever on the main site and linked to your forum name.

[illodin]

Whitepaper?

No whitepaper but instructions to buy instead. Really solid.

[BitcoinEXpress]

SolidCoin was a very early BitCoin variant designed by RealSolid and released late 2011. It could be considered an early variant of Microcash.

Hmm I see RS' people haven't gotten any more knowledgeable in the last five years.

Solidcoin was not designed nor released by the user Realsolid.

It was designed and released by Coinhunter  https://bitcointalk.org/index.php?topic=38453.msg471183#msg471183

Until mid 2013 I thought Coinhunter and Realsolid were the same person.

Coinhunter and Realsolid were part of a duo that had a falling out and went separate ways after their failed CryptoXchange tanked.


The crypto universe has changed dramatically since the early days.

This will be interesting to watch unfold.

I have no interest in participating in any manner.




~BCX~

[smoothie]

LOL RealSolid = RealSolidShit
"
Everything he touches turns into rock hard shit."


RealSolid is a scammer....nuff said.

[portice]

LOL  realsolid

awesome

[pineapples]

A fairly interesting apparent history of SolidCoin. At the very least it gives a perspective on the early days of shitcoins with SolidCoin released 2011

https://forums.microcash.org/threads/solidcoin-was-first-to-do-proof-of-stake.33/

Interesting how a few things apparently implemented in SolidCoin were novel and some resisted in the early days of clones, but reasonably accepted now.

Proof of Stake, trusted nodes, CPU friendly algo, multiple hard-forks ..

[yuppie]

Can't really understand why people think he's a scammer.

I traded on mcxNOW for a while, bought and sold FEEs along with every other coin on the exchange.

When I got the email that I had a month or so to withdraw, that's what I did and I made off clean.

The site and my account were never compromised. It was literally the fastest exchange I've ever traded on.

Coming from a trader's point of view, I think everyone calling RS a "scammer" seem to have bought high and ended up holding the bag.

What I got from the "FEEs are a scam" debate is: You bought FEEs late, the site closing announcement was made and the price tanked.

However, RS is still on IRC, willing to buy your FEEs back from you, but all you can do is cry.

QQ/GG.

[samsunk]

good concept will follow

-samsunk

[Vaccomondus]

so this is not minable right? you remove all the fun without mining, i think we need a coin that make mining equal for everyone, with cheap and with expensive electricity

can a coin be made that detect if electricity is cheap and low the reward for that miner only? or i'm talking about fiction here?

[pineapples]

A possibly interesting thing to note, is that MicroCash's initial seeding (or distribution) will incorporate activity on the MicroCash forum.

1000 words = 1 MicroCash.

[BitcoinEXpress]

LOL RealSolid = RealSolidShit
"
Everything he touches turns into rock hard shit."


RealSolid is a scammer....nuff said.

@Smoothie

Amazing how the idiots never learn.

Now all we need is an appearance from notyep, FlipPro, Spacy, Ten98.......

It could be 2011 all over again LOL


~BCX~