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

[myc066]

The team of this business is very experienced I think, now when i look at them on the website.Do you plan to hire more people in the future for a full-time job? Thanks

The team will steal money.Do not believe them

[Delphinus]

Transferring all my TIPS to Gate.io for more voting power 

[ride22]

A 20% pre-mine is a rough way to start.  A lot of people are going to scream scam coin. 

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips. 

[psycodad]

I assume swapped TIPS will be burned.
Could someone let me know the burn address, so I can add a label for it in the block explorer?

TIA

[Delphinus]

A 20% pre-mine is a rough way to start.  A lot of people are going to scream scam coin. 

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips. 

It's not a 20% pre-mine for the developers. You need to mine coins for the swap.

The actual "pre-mine" is 10%, of which 5% goes to the developers (2% for airdrop, 3% for listing fees).
If they lock up 80% of that amount, only 1% of the supply will be available to pay developers in the short term. It's not a lot.

I just hope that reserving 80% of the supply to pay miners, doesn't mean they get paid an incredible amount. They'll dump it to earn money (suppressing the price for everyone) and devaluate the price for all holders who do not mine. That's the part I'm worried about, but it's the downside of a coin that can be mined.

[R-J-F]

A 20% pre-mine is a rough way to start.  A lot of people are going to scream scam coin. 

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips. 

I would prefer 25/1 but I agree, 50/1 is a lot of loss at least theoretically. I suppose the associated drop in supply and increase in value will make up for the loss in the long run.

[Schenonspoutan]

What are the basic measures you are going to take for mapping the decentralized data because most of the companies are looking for different types of data, from where you are going to collect the data?

[robotsoutofcontrol]

I assume swapped TIPS will be burned.
Could someone let me know the burn address, so I can add a label for it in the block explorer?

TIA

Hi PD,

Thanks yes they are! Will update soon once I get the details from Joja re the proof of burn

Cheers
Robots.

[Delphinus]

A 20% pre-mine is a rough way to start.  A lot of people are going to scream scam coin. 

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips. 

I would prefer 25/1 but I agree, 50/1 is a lot of loss at least theoretically. I suppose the associated drop in supply and increase in value will make up for the loss in the long run.

I hope that 50/1 gets us safely on the BTC markets. ETH, DOGE, etc are just to small trading pairs.

[R-J-F]

A 20% pre-mine is a rough way to start.  A lot of people are going to scream scam coin. 

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips. 

I would prefer 25/1 but I agree, 50/1 is a lot of loss at least theoretically. I suppose the associated drop in supply and increase in value will make up for the loss in the long run.

I hope that 50/1 gets us safely on the BTC markets. ETH, DOGE, etc are just to small trading pairs.

That would be nice...

[robotsoutofcontrol]

A 20% pre-mine is a rough way to start.  A lot of people are going to scream scam coin. 

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips. 

It's not a 20% pre-mine for the developers. You need to mine coins for the swap.

The actual "pre-mine" is 10%, of which 5% goes to the developers (2% for airdrop, 3% for listing fees).
If they lock up 80% of that amount, only 1% of the supply will be available to pay developers in the short term. It's not a lot.

I just hope that reserving 80% of the supply to pay miners, doesn't mean they get paid an incredible amount. They'll dump it to earn money (suppressing the price for everyone) and devaluate the price for all holders who do not mine. That's the part I'm worried about, but it's the downside of a coin that can be mined.

Thanks Delphinus, appreciate your thoughts!

Actually the mining algo is fairly modest. Since it only runs on CPU's as well, you can't spin up a huge farm and mine a massive quantity. We're hoping however that the modest rewards will appreciate of course!

We should have a mining pool available pretty soon if you're interested.

Cheers,
Robots.

[ride22]

A 20% pre-mine is a rough way to start.  A lot of people are going to scream scam coin. 

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips. 

It's not a 20% pre-mine for the developers. You need to mine coins for the swap.

The actual "pre-mine" is 10%, of which 5% goes to the developers (2% for airdrop, 3% for listing fees).
If they lock up 80% of that amount, only 1% of the supply will be available to pay developers in the short term. It's not a lot.

I just hope that reserving 80% of the supply to pay miners, doesn't mean they get paid an incredible amount. They'll dump it to earn money (suppressing the price for everyone) and devaluate the price for all holders who do not mine. That's the part I'm worried about, but it's the downside of a coin that can be mined.

Thanks Delphinus, appreciate your thoughts!

Actually the mining algo is fairly modest. Since it only runs on CPU's as well, you can't spin up a huge farm and mine a massive quantity. We're hoping however that the modest rewards will appreciate of course!

We should have a mining pool available pretty soon if you're interested.

Cheers,
Robots.

I would be interested in mining as well. 

[RobbieRich]

A 20% pre-mine is a rough way to start.  A lot of people are going to scream scam coin. 

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips. 

It's not a 20% pre-mine for the developers. You need to mine coins for the swap.

The actual "pre-mine" is 10%, of which 5% goes to the developers (2% for airdrop, 3% for listing fees).
If they lock up 80% of that amount, only 1% of the supply will be available to pay developers in the short term. It's not a lot.

I just hope that reserving 80% of the supply to pay miners, doesn't mean they get paid an incredible amount. They'll dump it to earn money (suppressing the price for everyone) and devaluate the price for all holders who do not mine. That's the part I'm worried about, but it's the downside of a coin that can be mined.

Thanks Delphinus, appreciate your thoughts!

Actually the mining algo is fairly modest. Since it only runs on CPU's as well, you can't spin up a huge farm and mine a massive quantity. We're hoping however that the modest rewards will appreciate of course!

We should have a mining pool available pretty soon if you're interested.

Cheers,
Robots.

I would be interested in mining as well. 

Count me in !

[John_WCR]

Who did not have time, he was late ... 

[filou4]

Supporting FedoraCoin (TIPS) since late 2013, old mining pool still up :

https://fedora.poolto.be

Coin swap will be done on time.
Join us!

[awini]

big scam 

[John_WCR]

Waiting for 1 Target: 0.005 doge

Waiting for 2 Target: 0.0075 doge

P.S. I know - a group of pumps!

[R-J-F]

big scam  

Yes, you are! Go bother some other project. Idiot...

[John_WCR]

Yes, you are! Go bother some other project. Idiot...

- I support these words of yours!!!

[R-J-F]

Hey Devs! (if your still here) One question: Why Bytecoin? Other than the algorithm, what does Bytecoin code bring to the table?