[ANN] 42-coin Development Discussion Thread

[Lasergun]

To make 42 more successful the distribution of the coins needs to be better. When I look at the richlist https://chainz.cryptoid.info/42/#!rich , I see that the top 10 wallets hold 98.33% of the coins. How can we improve this?

This process is not fast. The most important is that this distribution is absolutely fair and that the coins on the richest address is not the developers premine/instamine, but fully belong to the community:

Do you mean you intend to keep any coins that don't get swapped in 2017 for yourself? That could be a big share of all the existing coins. It would be better to burn any left over coins if half of them don't get swapped instead of making yourself a whale.

The remaining coins will belong to the 42 community, they will take a decision how to spend them via anonymous but transparent voting system. Voting will be available only for the holders. Each vote will have a power proportionally to the holder balance.

[farl4web]

To make 42 more successful the distribution of the coins needs to be better. When I look at the richlist https://chainz.cryptoid.info/42/#!rich , I see that the top 10 wallets hold 98.33% of the coins. How can we improve this?

This process is not fast. The most important is that this distribution is absolutely fair and that the coins on the richest address is not the developers premine/instamine, but fully belong to the community:

Do you mean you intend to keep any coins that don't get swapped in 2017 for yourself? That could be a big share of all the existing coins. It would be better to burn any left over coins if half of them don't get swapped instead of making yourself a whale.

The remaining coins will belong to the 42 community, they will take a decision how to spend them via anonymous but transparent voting system. Voting will be available only for the holders. Each vote will have a power proportionally to the holder balance.

Bad distribution is bad for a cryptocoin. I have been in Nxt for years, one of the best coins out there, but the initial distribution created a bad environment on which Nxt has never really been recovered.

Maybe change the deadline another month? And do some more advertising to the cryptocommunity, so all old 42 coin holders will get a chance to claim there coins?

[Lasergun]

Bad distribution is bad for a cryptocoin. I have been in Nxt for years, one of the best coins out there, but the initial distribution created a bad environment on which Nxt has never really been recovered.

Maybe change the deadline another month? And do some more advertising to the cryptocommunity, so all old 42 coin holders will get a chance to claim there coins?

We can stop trading on Cryptopia earlier, in order to swap their 17 coins faster. Not more than 5 coins are on the "active" wallets. The question is, where are the other coins?

[tofra]

I'm helping with the distribution of the coins  Although very slowly, at 5Mhz  (currently 0,002)

But i've just come here, reading about the swap. Currently I'm mining at mining-dutch. Am I mining old or new coins? Or will it depend on when I transfer the earnings to my wallet (which I don't have yet)

[farl4web]

Bad distribution is bad for a cryptocoin. I have been in Nxt for years, one of the best coins out there, but the initial distribution created a bad environment on which Nxt has never really been recovered.

Maybe change the deadline another month? And do some more advertising to the cryptocommunity, so all old 42 coin holders will get a chance to claim there coins?

We can stop trading on Cryptopia earlier, in order to swap their 17 coins faster. Not more than 5 coins are on the "active" wallets. The question is, where are the other coins?

Isn't it possible to be part of the newsletter of Cryptopia? We need to alert the coinholders who forgot about their 42 Coin long time ago. I can do some Twitter promotion, but that's not enough I am afraid.

[Lasergun]

I'm helping with the distribution of the coins  Although very slowly, at 5Mhz  (currently 0,002)

But i've just come here, reading about the swap. Currently I'm mining at mining-dutch. Am I mining old or new coins? Or will it depend on when I transfer the earnings to my wallet (which I don't have yet)

You can mine the old 42 at mining-dutch and swap them for the new 42. Old and new wallet are not compatible with each other, cross-chain transactions are impossible.

[Lasergun]

Isn't it possible to be part of the newsletter of Cryptopia? We need to alert the coinholders who forgot about their 42 Coin long time ago. I can do some Twitter promotion, but that's not enough I am afraid.

Actually, there are not so many coinholders. I sent a PM to some of them, who were the most active in the 42 threads. You can help to collect others nicks whom maybe I missed. Here are these threads:

https://bitcointalk.org/index.php?topic=399658.0
https://bitcointalk.org/index.php?topic=406311.0
https://bitcointalk.org/index.php?topic=407967.0
https://bitcointalk.org/index.php?topic=425307.0
https://bitcointalk.org/index.php?topic=1220610.0

[Lasergun]

I missed hendo420, maco and soopy452000...

[farl4web]

Isn't it possible to be part of the newsletter of Cryptopia? We need to alert the coinholders who forgot about their 42 Coin long time ago. I can do some Twitter promotion, but that's not enough I am afraid.

Actually, there are not so many coinholders. I sent a PM to some of them, who were the most active in the 42 threads. You can help to collect others nicks whom maybe I missed. Here are these threads:

https://bitcointalk.org/index.php?topic=399658.0
https://bitcointalk.org/index.php?topic=406311.0
https://bitcointalk.org/index.php?topic=407967.0
https://bitcointalk.org/index.php?topic=425307.0
https://bitcointalk.org/index.php?topic=1220610.0

I posted about the SWAP in those topics. 

[Lasergun]

I posted about the SWAP in those topics. 

Good idea, more simple. Thanks.

[Lasergun]

I also sent a message to Woody20285, maybe he will write a short article for us.

[logictense]

Isn't it possible to be part of the newsletter of Cryptopia? We need to alert the coinholders who forgot about their 42 Coin long time ago. I can do some Twitter promotion, but that's not enough I am afraid.

Actually, there are not so many coinholders. I sent a PM to some of them, who were the most active in the 42 threads. You can help to collect others nicks whom maybe I missed. Here are these threads:

https://bitcointalk.org/index.php?topic=399658.0
https://bitcointalk.org/index.php?topic=406311.0
https://bitcointalk.org/index.php?topic=407967.0
https://bitcointalk.org/index.php?topic=425307.0
https://bitcointalk.org/index.php?topic=1220610.0

Since they forgot about their savings u can throw them all in the oven and fire up ur burning stove. Nobody will find u guilty in burning trashy scraps.

[logictense]

I also sent a message to Woody20285, maybe he will write a short article for us.

Woody is busy. Try to contact harrelson.

[Lasergun]

I also sent a message to Woody20285, maybe he will write a short article for us.

Woody is busy. Try to contact harrelson.

Thank you. I left a message via contact form on the site.

[sirslayer]

Well the folks from Cryptsy would have their own ledger for their own bookkeeping on their coins they manage I would think thats the first place for tracking investors to find the lost coins.. I know personally ive lost .12 of a 42coin from losing my wallet.dat  (flash drive) by accident..   I know their have to be horror stories on losing your wallet..      

i think this is my favorite quote from hendo420  


hendo420
Sr. Member

I forked worldcoin and threw in a dash of anoncoin, sprinkled with a little bit of everything else for flavor.
I stewed it for 2 hours until the genesis block was nice and tender.

Please take note

This is NOT a coin paid for and built by a script on a site.

I put my blood sweat and tears into this coin. I have learned so much, I see so many possibilities for new coins. (Not just copypasta)

[sirslayer]

https://bitcointalk.org/index.php?action=profile;u=25129;sa=showPosts;start=0

these are Hendo420 last posts from bitcointalk

[kev2011]

All this talk about distribution is good news to me. I had not seen the post about what happens to unclaimed coins. I had figured they would be lost into oblivion. The voting system sounds good. Of course finding original owners is the best. But I imagine many have long dropped and left their coins or lost as mentioned:

Well the folks from Cryptsy would have their own ledger for their own bookkeeping on their coins they manage I would think thats the first place for tracking investors to find the lost coins.. I know personally ive lost .12 of a 42coin from losing my wallet.dat  (flash drive) by accident..   I know their is have to be horror stories and losing your wallet..     

Adding more time to swap could help, but what about the 84 coin limit? If you can keep mining old 42, people could swap those, taking the place of the original owners. I suppose it is 1st come 1st serve and there's likely to be many unclaimed coins anyway. Just a thought I had.

[BitcoinNational]

All this talk about distribution is good news to me. I had not seen the post about what happens to unclaimed coins. I had figured they would be lost into oblivion. The voting system sounds good. Of course finding original owners is the best. But I imagine many have long dropped and left their coins or lost as mentioned:

Well the folks from Cryptsy would have their own ledger for their own bookkeeping on their coins they manage I would think thats the first place for tracking investors to find the lost coins.. I know personally ive lost .12 of a 42coin from losing my wallet.dat  (flash drive) by accident..   I know their is have to be horror stories and losing your wallet..     

Adding more time to swap could help, but what about the 84 coin limit? If you can keep mining old 42, people could swap those, taking the place of the original owners. I suppose it is 1st come 1st serve and there's likely to be many unclaimed coins anyway. Just a thought I had.

Great Idea;
until this address is swapped out the swap stays open
old chain 42 continues to mine, and the only value is to exchange the old42 for new42.

[kev2011]

Great Idea;
until this address is swapped out the swap stays open
old chain 42 continues to mine, and the only value is to exchange the old42 for new42.

Correct me if I am wrong, but you are saying that until the unclaimed coins are swapped the swap will be open?

[farl4web]

All this talk about distribution is good news to me. I had not seen the post about what happens to unclaimed coins. I had figured they would be lost into oblivion. The voting system sounds good. Of course finding original owners is the best. But I imagine many have long dropped and left their coins or lost as mentioned:

Well the folks from Cryptsy would have their own ledger for their own bookkeeping on their coins they manage I would think thats the first place for tracking investors to find the lost coins.. I know personally ive lost .12 of a 42coin from losing my wallet.dat  (flash drive) by accident..   I know their is have to be horror stories and losing your wallet..     

Adding more time to swap could help, but what about the 84 coin limit? If you can keep mining old 42, people could swap those, taking the place of the original owners. I suppose it is 1st come 1st serve and there's likely to be many unclaimed coins anyway. Just a thought I had.

Yes, you are right. Didn't think about the mining on the old chain. How much is mined there right now? Is it substantial? We need to find a compromis, on the other hand give olf coin holders the opportunity to SWAP, otherwise don't keep the old coin miners mining to much.

Old 42coin owners will FUD the shit out the new coin when they hear about it l in a few months and aren't able to SWAP anymore. That's not good for a coin. Wait another month and start spreading the word about the SWAP more and promote it more. This can be evidence that we did our best to reach to everyone.