[ANN] FedoraCoin (TiPS) - New Dev team: Fedoracoin Foundation

[myc066]

Hi all.

The project team have been studying the market situation for Tips and also the issues with the legacy Tips technology.  After a lot of research we recommend a change of direction for the Fedora technology. We are sharing our thoughts to get your feedback.

- In spite of the work we’ve done, TIPS (in it's current form) has reached it’s limits – for a range of reasons, but community sentiment & price bears that out.
- Tips price is vulnerable. We achieved solid growth for several months following the relaunch in March, even against the wider crypto market drops.  But this has been challenged by large amounts of selling that are beyond our control.
- We want to grow value, improve usability and continue building on the roadmap we developed
- To achieve these goals we need better tech
We propose to build a new Fedora coin (we call it TIP) that addresses all these concerns.
- This will NOT be a hard fork - we propose a voluntary swap
- Swap rate for TIPS -> TIP to be determined still, but probably something like 10:1 or 25:1
- Moving from TIPS -> TIP will be ENTIRELY voluntary
- The swap will be long term - possibly no end date at all so people can wait & see: if the NEW Tip gains value, you can switch from Tips anytime to TIP.  If it doesn't, you can hodl your Tips and ignore TIP
- We will CONTINUE support for legacy TIPS

What will the new TIP look like?
- Private: The new Fedora Tip will provide full PRIVACY features, which will be optional
- Even faster: The current Tips usually confirms in about 3 minutes.  The new Tip will be at least half that speed, possibly faster (we are researching at the moment)
- Mining for All: No ASIC mining - our planned tech stack will ONLY support small scale mining - CPU's, desktop wallets, etc.
- Mobile: We expect to have a mobile wallet far sooner with the tech we are working on for the new Tip
- When: Time for starting the swap is likely 4 to 6 weeks away.  We don't have a planned end date and may keep it open indefinitely.

We would love to hear what your thoughts are.  Please share any questions/concerns/ideas that you might have.

Cheers!
Robots.

I do not agree swap or hard fork ,It will lost value，Such as paccoin and mooncoin

Hi there,

Thanks very much for your concern! In this situation the entire reason we propose to swap is because of the low tips value! Fedora is completely at the mercy of ASIC mining and constantly gets hammered in the market.

Our plan is intended to give power back to individual holders and CPU miners - the algorithm guarantees that.

Tips has gotten so low because ordinary people can't trade it with confidence any more. We plan to change that.

Best!
Robots

Tips value is not low,It already increased 100 times,Long investment is necessary.

[John_WCR]

go for the whole cutlet.. 

[robotsoutofcontrol]

If possible I prefer 1-5 swap because the circulating supply will reduce from 212 Billion to 42 B and the total supply from 482 B to 96 B (less the 100 B).

Here some examples of coins with more than 42 B of circulating supply with the price on BTC markets in this moment in wich the market is so depressed.

 KIN                 KIN   0,00000002 BTC      756.097.560.976
 Dentacoin          DCN   0,00000005 BTC   325.226.613.094
 Bytecoin          BCN   0,00000037 BTC   183.890.481.254
 Holo                  HOT   0,00000011 BTC   133.214.575.156
 Nexty          NTY   0,00000006 BTC      104.707.875.797
 Pundi X          NPXS   0,00000036 BTC        87.487.145.429
 Silent Notary   SNTR   0,00000001 BTC        83.052.191.711
 HTMLCOIN      HTML   0,00000003 BTC     52.292.389.428

With the next adoption by the masses of the cryptos (shortly, i think) the price will increase and it will be necessary a fairly high number of coins in order to have a "reasonable" purchase price (0.01$ - 0.02$), therefore 1-5 swap can be a good ratio.

At today's price ($ 0.000010) with this ratio (1-5, at least in the first cycle) it will be difficult to lose value after the swap.

If the swap is done by an exchange (eg: coinexchange), at least in the first cycle, in wich transfer all the coins (voluntary), the procedure will be simplified also for "non-tech people".

P.M.

Hi Maprofit!

Thank you very much - really helpful feedback! We are definitely proposing a reduced supply.  Initial thinking was 10:1 but 5:1 could also work.  As it's still in planning we are just looking for as much feedback as possible right now so thanks again!

The Ticker
There has also been discussion in other channels about the Fedora Ticker.  Some people have asked that we stay on the existing ticker (TIPS).  Other people like us moving to a new ticker (TIP). 

The main impact of the ticker decision relates to exchange trading: if we go to a new ticker (TIP) then the legacy TIPS will probably remain on some exchanges for trading (Altilly, Nova).  Other exchanges (Coinexchange is confirmed) will only keep the new Fedora coin, whatever we call it, so ticker name is irrelevant in that case.
 We are yet to receive feedback from Gate, but they are a very busy exchange.

Important: Ticker name won't affect the operation of the legacy chain for anybody who doesn't want to swap. It just has potential impact for how the coins are treated by some exchanges.  Would love to know people's thoughts.

Cheers,
Robots.

[lewisz]

https://i.imgur.com/MEhM7Is.png

https://i.imgur.com/0tHzCZa.png                    https://i.imgur.com/f63osdu.png                    https://i.imgur.com/MQ11jvu.png                    https://i.imgur.com/5CeNzaN.png                    https://i.imgur.com/52LkhzF.png

Tips Info Fedora Tips is a peer-to-peer cryptocurrency designed specifically for small value transactions and tipping. Fedora is descended from early Bitcoin releases, evolving through Dogecoin and Feathercoin. The Fedora project was dormant for a number of years before a new community project took root in mid-2017. The community has committed to the following goals: Ultra secure and re-engineered wallet Open and friendly Fedora community Roadmap for a re-visioned Tips network Outreach and integration - with exchanges, social tipping and transacting channels Tips is fast Small value transactions should not be bottle-necked. Tips transactions resolve in minutes, with a current average time of 2 minutes. Tips is secure Our dev community are committed engineers, with significant cryptography experience. The Fedora wallet has been stripped back to basics and re-engineeerd with the latest security libraries. The new code base has been extensively tested for usability, threats and risks. We use it, and we have been happy to share the refreshed wallet codebase so that all altcoins can benefit from our work. We welcome any news or issues that community finds to further improve the wallet. Fedora is based on the proof-of-work algorithm, so whether you want to tip and transact or just hodl, your Tips wallet will be secure as a long term store of value. Social Tipping Fedora Tips was traditionally used as a tipping currency across social media, prior to the project going dormant. One of the key early stage targets in our roadmap is re-integrating those tipping channels and building contemporary tipbots. Why not join the discussion and let us know where you would like to see Tips in use? Transacting Now that we have a refreshed and secure wallet codebase, our next big challenge is a smartphone wallet that allows you to tip and transact in face to face commerce. This includes tap and scan functions for fast tipping and purchases in your favorite bars, clubs and stores. Exhanges coinexchange.io •••••••••••••••••• TIPS/DOGE TIPS/BTC gate.io •••••••••••••••••• TIPS/ETHER novaexchange.com •••••••••••••••••• Re-launching soon! Wallets ?dl=0]https://i.imgur.com/OLWE3yk.png    https://i.imgur.com/dockE9d.png   https://i.imgur.com/MIGldce.png    https://i.imgur.com/D82ifBc.png *Click here or on this image to download the current blockchain. This helps reduce synchronization time for new wallets. After download copy the file to the destination directory of fedoracoin wallet. For assistance, please read our complete guide to installing/upgrading the Windows wallet.

Fedora Roadmap Want to learn more about our architecture, or our plans for mobile transacting & face to face tipping? Please check out the detailed Fedora Roadmap for the next 12 months Specifications • Algorithm : Scrypt • Max coins : 500,000,000,000 • Block time : 60 seconds • Difficulty retarget : 10 minutes   • KGW algorythm : Yes • Premine : 3 blocks as test •••••••••••••••••••••••••••••••••••••••••••••••• Click here to see Github source code •••••••••••••••••••••••••••••••••••••••••••••••• Tips Rewards Number of blocks •••••••••••••••••••••••• 0 - 51,999 52,000 - 103,999 104,000 - 207,999 208,000 - 415,999 416,000 - 831,999 832,000 - 1,663,999   +1,664,000 Reward block •••••••••••••••••••• 0-5,000,000 TIPS 0-2,500,000 TIPS 0-1,250,000 TIPS 0-625,000 TIPS 0-312,500 TIPS 0-156,250 TIPS 50,000 TIPS Block Explorer https://i.imgur.com/DxGkeKg.png Thanks to Pscyodad for block explorer hosting! Tips Mining Pools hash-to-coins.com

Last updated @ June 04, 2018, 09:43 PM
*testbug is only the updater of the ann, for development questions please contact robotsoutofcontrol

Dear FedoraCoin Team
Your coin may be free of listing on Aiodex if the number of votes is large enough.
Let's vote for it ☞ https://aiodex.com/?ref=5b45a599c7165734d36bb3fc
Please, Don't hesitate to let us know if you have any questions.
Sincerely,
Aiodex Team
Discord: https://discord.gg/RvhvdZq
Facebook: https://www.facebook.com/aiodexofficial
Twitter: https://twitter.com/aiodex_official
Telegram: https://t.me/aiodex_official
Website: https://aiodex.com

[robotsoutofcontrol]

Dear FedoraCoin Team
Your coin may be free of listing on Aiodex if the number of votes is large enough.
Let's vote for it ☞ https://aiodex.com/?ref=5b45a599c7165734d36bb3fc
Please, Don't hesitate to let us know if you have any questions.
Sincerely,
Aiodex Team
Discord: https://discord.gg/RvhvdZq
Facebook: https://www.facebook.com/aiodexofficial
Twitter: https://twitter.com/aiodex_official
Telegram: https://t.me/aiodex_official
Website: https://aiodex.com

Hi there!

Thank you very much that sounds cool. We will share with our community to get some votes happening.

Cheers,
Robots.

[kurbeks]

If possible I prefer 1-5 swap because the circulating supply will reduce from 212 Billion to 42 B and the total supply from 482 B to 96 B (less the 100 B).

Here some examples of coins with more than 42 B of circulating supply with the price on BTC markets in this moment in wich the market is so depressed.

 KIN                 KIN   0,00000002 BTC      756.097.560.976
 Dentacoin          DCN   0,00000005 BTC   325.226.613.094
 Bytecoin          BCN   0,00000037 BTC   183.890.481.254
 Holo                  HOT   0,00000011 BTC   133.214.575.156
 Nexty          NTY   0,00000006 BTC      104.707.875.797
 Pundi X          NPXS   0,00000036 BTC        87.487.145.429
 Silent Notary   SNTR   0,00000001 BTC        83.052.191.711
 HTMLCOIN      HTML   0,00000003 BTC     52.292.389.428

With the next adoption by the masses of the cryptos (shortly, i think) the price will increase and it will be necessary a fairly high number of coins in order to have a "reasonable" purchase price (0.01$ - 0.02$), therefore 1-5 swap can be a good ratio.

At today's price ($ 0.000010) with this ratio (1-5, at least in the first cycle) it will be difficult to lose value after the swap.

If the swap is done by an exchange (eg: coinexchange), at least in the first cycle, in wich transfer all the coins (voluntary), the procedure will be simplified also for "non-tech people".

P.M.

Hi Maprofit!

Thank you very much - really helpful feedback! We are definitely proposing a reduced supply.  Initial thinking was 10:1 but 5:1 could also work.  As it's still in planning we are just looking for as much feedback as possible right now so thanks again!

The Ticker
There has also been discussion in other channels about the Fedora Ticker.  Some people have asked that we stay on the existing ticker (TIPS).  Other people like us moving to a new ticker (TIP). 

The main impact of the ticker decision relates to exchange trading: if we go to a new ticker (TIP) then the legacy TIPS will probably remain on some exchanges for trading (Altilly, Nova).  Other exchanges (Coinexchange is confirmed) will only keep the new Fedora coin, whatever we call it, so ticker name is irrelevant in that case.
 We are yet to receive feedback from Gate, but they are a very busy exchange.

Important: Ticker name won't affect the operation of the legacy chain for anybody who doesn't want to swap. It just has potential impact for how the coins are treated by some exchanges.  Would love to know people's thoughts.

Cheers,
Robots.

Can probably make agreement with Nova to swap and leave just new chain.

[MAPROFIT]

If possible I prefer 1-5 swap because the circulating supply will reduce from 212 Billion to 42 B and the total supply from 482 B to 96 B (less the 100 B).

Here some examples of coins with more than 42 B of circulating supply with the price on BTC markets in this moment in wich the market is so depressed.

 KIN                 KIN   0,00000002 BTC      756.097.560.976
 Dentacoin          DCN   0,00000005 BTC   325.226.613.094
 Bytecoin          BCN   0,00000037 BTC   183.890.481.254
 Holo                  HOT   0,00000011 BTC   133.214.575.156
 Nexty          NTY   0,00000006 BTC      104.707.875.797
 Pundi X          NPXS   0,00000036 BTC        87.487.145.429
 Silent Notary   SNTR   0,00000001 BTC        83.052.191.711
 HTMLCOIN      HTML   0,00000003 BTC     52.292.389.428

With the next adoption by the masses of the cryptos (shortly, i think) the price will increase and it will be necessary a fairly high number of coins in order to have a "reasonable" purchase price (0.01$ - 0.02$), therefore 1-5 swap can be a good ratio.

At today's price ($ 0.000010) with this ratio (1-5, at least in the first cycle) it will be difficult to lose value after the swap.

If the swap is done by an exchange (eg: coinexchange), at least in the first cycle, in wich transfer all the coins (voluntary), the procedure will be simplified also for "non-tech people".

P.M.

Hi Maprofit!

Thank you very much - really helpful feedback! We are definitely proposing a reduced supply.  Initial thinking was 10:1 but 5:1 could also work.  As it's still in planning we are just looking for as much feedback as possible right now so thanks again!

The Ticker
There has also been discussion in other channels about the Fedora Ticker.  Some people have asked that we stay on the existing ticker (TIPS).  Other people like us moving to a new ticker (TIP).  

The main impact of the ticker decision relates to exchange trading: if we go to a new ticker (TIP) then the legacy TIPS will probably remain on some exchanges for trading (Altilly, Nova).  Other exchanges (Coinexchange is confirmed) will only keep the new Fedora coin, whatever we call it, so ticker name is irrelevant in that case.
 We are yet to receive feedback from Gate, but they are a very busy exchange.

Important: Ticker name won't affect the operation of the legacy chain for anybody who doesn't want to swap. It just has potential impact for how the coins are treated by some exchanges.  Would love to know people's thoughts.

Cheers,
Robots.

Well, I'm glad if I was of any help 

[Delphinus]

I'm fine with the old chain disappearing, would rather see TIP(S) traded on as much exchanges as possible.

[TonyRaut]

Love reading this thread – so much positive feedback from the community, you don't see that very often in other threads, mind you

Of course. This is evident and it speaks about people's trust in this project. which is a very positive indicator.

[robotsoutofcontrol]

Holders of RDD:
Expect to December, rdd up to 1000 satosh! 

Hi John,

This is a forum for Fedora Tips. You might want to share that with the Redd forum.

Cheers
Robots

[John_WCR]

When is the swap?

[RobbieRich]

Fork Already happened ?

See https://bitcointalk.org/index.php?topic=3276194.0


 

[robotsoutofcontrol]

Fork Already happened ?

See https://bitcointalk.org/index.php?topic=3276194.0

Hi Robbie,

No that's not us, that's a brand new project that recently ICO'd (all the best to them ). We are not linked to them in any way.  It just happens that they chose a ticker (TIP) that is nearly identical to us however! 

We had been thinking of going to a new ticker (TIP in fact!) but since we discovered them a few weeks ago we decided it was best to remain on the same ticker (TIPS).  After all we don't want to get into any confusion or ill feelings to a new project 

The swap is still definitely planned - it hasn't happened yet, but is slated for late September.  We've been trying to chat across as many channels as possible to reach as many legacy community members as possible.  It's hard with Fedora since it's been abandoned for so long!  Can make it a little tricky at times when we're talking here, in Telegram, Discord, Reddit, etc.

So the next steps are to refresh the website, and formally announce the swap on the website and twitter.  All discussion so far has been on these community forums and with exchanges, while we got a feeling for:

• What the community wanted
• How exchanges were willing to be involved

So far the feelings have been mostly very good, and the exchange management teams have been really helpful. 

Cheers!
Robots.

[RobbieRich]

Great to hear all are still working hard , despite Market trends and feelings !

Let me know if there is anything i could do ... you never know right !
Greetings !

Fork Already happened ?

See https://bitcointalk.org/index.php?topic=3276194.0

Hi Robbie,

No that's not us, that's a brand new project that recently ICO'd (all the best to them ). We are not linked to them in any way.  It just happens that they chose a ticker (TIP) that is nearly identical to us however! 

We had been thinking of going to a new ticker (TIP in fact!) but since we discovered them a few weeks ago we decided it was best to remain on the same ticker (TIPS).  After all we don't want to get into any confusion or ill feelings to a new project 

The swap is still definitely planned - it hasn't happened yet, but is slated for late September.  We've been trying to chat across as many channels as possible to reach as many legacy community members as possible.  It's hard with Fedora since it's been abandoned for so long!  Can make it a little tricky at times when we're talking here, in Telegram, Discord, Reddit, etc.

So the next steps are to refresh the website, and formally announce the swap on the website and twitter.  All discussion so far has been on these community forums and with exchanges, while we got a feeling for:

• What the community wanted
• How exchanges were willing to be involved

So far the feelings have been mostly very good, and the exchange management teams have been really helpful. 

Cheers!
Robots.

[RobbieRich]

BTW Bitmain has CN miner - X3

Antminer E9+ with
Power adapter included
Hash Rate: 2970 !! MH +-5%
Power Consumption: 1400w using Bitmain APW3 1600W
Rated Voltage: 11.60 ~13.00V
Dimensions: 402 mm(L) x 135mm(W) x 350mm(H)
Weight: 13.5kg
Noise: 77 dB
Network Connection: Ethernet
Hashing algorithm: Ethash

Thats ETH miner, not CN

Absolutely right , and even more important , this was a Scam mail from BITsMaIN.....
So does NOT exist (yet....)

[ride22]

I'm fine with the old chain disappearing, would rather see TIP(S) traded on as much exchanges as possible.

Been gone for a couple of months.  If the old chain disappears what happens to all of the coins? 

[robotsoutofcontrol]

I'm fine with the old chain disappearing, would rather see TIP(S) traded on as much exchanges as possible.

Been gone for a couple of months.  If the old chain disappears what happens to all of the coins? 

Hi Ride22,

The old chain of Tips will continue to trade on Novaexchange.  The project team will also support the wallets we recently upgraded that hold the old chain, for the foreseeable future. That may change in the longer term.

Our planned roadmap development will happen on the new chain, because the tech is a lot better and more suited to the plans we have eg: real time, face to face & online tipping.

Cheers,
Robots.

[ride22]

I'm fine with the old chain disappearing, would rather see TIP(S) traded on as much exchanges as possible.

Been gone for a couple of months.  If the old chain disappears what happens to all of the coins? 

Hi Ride22,

The old chain of Tips will continue to trade on Novaexchange.  The project team will also support the wallets we recently upgraded that hold the old chain, for the foreseeable future. That may change in the longer term.

Our planned roadmap development will happen on the new chain, because the tech is a lot better and more suited to the plans we have eg: real time, face to face & online tipping.

Cheers,
Robots.

Thanks for the response.

[John_WCR]

TIPS = Target: 0.09 DOGE !!!  My predictions are 90% popodayut!!!

[LTCB-Team]

Anymore information about the new coin? TIP?