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

[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?

[robotsoutofcontrol]

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

Hi RJ yep we're here!! Just been very busy with the changeover to the new tech!

Basically - we chose to become part of the Bytecoin stable of coins because of the CryptoNote protocol.  

• REALLY fast transactions - ie: able to use it shopping in the street, bars, restaurants, TIPPING! Particularly when you use it with our soon to be released web wallet
• Has a web wallet available (which we will be massively updating & expanding on)
• Brings in FULL privacy features
• CryptoNight mining algo (which we have further enhanced & customised)
• It's very robust & up to date.
• Got a big development community

Plus other cool stuff

Oh yeah - since we're now part of the Bytecoin family - we hope to be able to grow the Fedora community, adoption and value by cross pollinating messages & ideas with the wider Bytecoin/CryptoNote community.

Cheers!
Robots

[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.

[/quote

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.

Don’t underestimate Bitmain.....

[myc066]

big scam 

You are right

[Delphinus]

big scam 

You are right

Second account? 

[RobbieRich]

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

Hi RJ yep we're here!! Just been very busy with the changeover to the new tech!

Basically - we chose to become part of the Bytecoin stable of coins because of the CryptoNote protocol.  

• REALLY fast transactions - ie: able to use it shopping in the street, bars, restaurants, TIPPING! Particularly when you use it with our soon to be released web wallet
• Has a web wallet available (which we will be massively updating & expanding on)
• Brings in FULL privacy features
• CryptoNight mining algo (which we have further enhanced & customised)
• It's very robust & up to date.
• Got a big development community

Plus other cool stuff

Oh yeah - since we're now part of the Bytecoin family - we hope to be able to grow the Fedora community, adoption and value by cross pollinating messages & ideas with the wider Bytecoin/CryptoNote community.

Cheers!
Robots

Cross-coin-community may be the future....

[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?

Hi RJ yep we're here!! Just been very busy with the changeover to the new tech!

Basically - we chose to become part of the Bytecoin stable of coins because of the CryptoNote protocol.  

• REALLY fast transactions - ie: able to use it shopping in the street, bars, restaurants, TIPPING! Particularly when you use it with our soon to be released web wallet
• Has a web wallet available (which we will be massively updating & expanding on)
• Brings in FULL privacy features
• CryptoNight mining algo (which we have further enhanced & customised)
• It's very robust & up to date.
• Got a big development community

Plus other cool stuff

Oh yeah - since we're now part of the Bytecoin family - we hope to be able to grow the Fedora community, adoption and value by cross pollinating messages & ideas with the wider Bytecoin/CryptoNote community.

Cheers!
Robots

Fair enough, sounds good!

[R-J-F]

big scam 

You are right

Second account? 

Looks like it or, two morons with a total of 4 brain cells. Hard to tell... 

[R-J-F]

So, it's the 25th now, anything happening with the swap or do I have the dates wrong?