[ANN] 42-coin Development Discussion Thread

[IMZ]

'2018-05-11 14:49 - A message from the new owners
Dear customer, we'd like to take this time to thank you for your patience. Switching ownership, and handing over the daily operations, of a crypto exchange is a lot of work and there is not many with experience from it, out there. We’re working around the clock to get everything in order.

We have some news:

1. We are setting up proper KYC (Know Your Customer) and AML (Anti-Money Laundering) routines on Nova Exchange. For the unidentified account holder there will be a limit for withdrawal of 500 US dollars per day and customer.
If you need to withdraw more than 500 dollars at once this is perfectly possible, all you need to do is to provide us with some information and identify yourself with YOTI (download app here). You will find these settings under “Account” and “Contact & Verification level settings”.

We realise that this is an inconvenience, of course we do, but this is a necessary step to keep Nova in business, and growing!

2. Dice & Scratch functions are discontinued and shut down. We're sorry but us the new owners would need a gambling license to keep those features going. We might be forced to shut down completely if we did. We’re very sorry about this.

3. We will no longer be able to accept customers with citizenship and/or residence in the United States.

4. We will be accepting deposits real soon now. It is a matter of weeks.'

https://www.novaexchange.com/news/

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[vezpit]

"3. We will no longer be able to accept customers with citizenship and/or residence in the United States."

Guess that is one way to leave some dominate exchanges in the US.  It seems the Gov. & IRS don't want outside exchanges.  Same applies to many coins unless you are a registered investor.  Wonder if this contravenes WTO rules.

[IMZ]

"3. We will no longer be able to accept customers with citizenship and/or residence in the United States."

Guess that is one way to leave some dominate exchanges in the US.  It seems the Gov. & IRS don't want outside exchanges.  Same applies to many coins unless you are a registered investor.  Wonder if this contravenes WTO rules.

I am diligently analysing DEXes*, vezpit; and I know Laser is also paying attention to DEXes. My thought is: those who can must go hard at Nova, to put volume on the 42-BTC and 42-ETH pairs. (Don't like our chances much on the other pairs.)

Then we need to get a DEX listing, which will help our U.S.-based community members -- https://chainz.cryptoid.info/42/# (Go to 'network'; then 'geo-location.')

And in the middle of all this, we gotta trial and find use for our android wallet.

Don't forget: a buy-sell split of 3.6-3.8 is over five percent, which is just fine. If you are trading, why not go for lots of little trades? It all adds up.




*PM me for the link

[vezpit]

"3. We will no longer be able to accept customers with citizenship and/or residence in the United States."

Guess that is one way to leave some dominate exchanges in the US.  It seems the Gov. & IRS don't want outside exchanges.  Same applies to many coins unless you are a registered investor.  Wonder if this contravenes WTO rules.

I am diligently analysing DEXes*, vezpit; and I know Laser is also paying attention to DEXes. My thought is: those who can must go hard at Nova, to put volume on the 42-BTC and 42-ETH pairs. (Don't like our chances much on the pairs.)

Then we need to get a DEX listing, which will help our U.S.-based community members -- https://chainz.cryptoid.info/42/# (Go to 'network'; then 'geo-location.')

And in the middle of all this, we gotta trial and find use for our android wallet.

Don't forget: a buy-sell split of 3.6-3.8 is over five percent, which is just fine. If you are trading, why not go for lots of little trades? It all adds up.




*PM me for the link

Thanks IMZ.  At this stage I am just slowly accumulating by mining via Prohash.  Expect it will be sometime in the future for looking to buy on the open market. I have been building staking wallets & my BTC is in the basement.  Spent much of what I had to fill the wallets.

[BountyX]

The rich list ! https://chainz.cryptoid.info/42/#!rich

It's funny to see in a currency which consists in just 42 coins people who have 1, 2 or even 4 coins
The funnies part of it is that it still manages to have a value

Morning, Bounty!

Let's return to the issue of distribution -- it's seen as much less a concern than it was a few years ago. Note that the largest wallet has seen no movement in well over a year.

So, 'just 42 coins'? Well, yes and no: IMHO, it's a theme, a marketing perspective. Each 42-coin is as divisible as any other crypto. That is, we have an elegant sufficiency of units in the currency. For me, the real 'rareness' is the deflationary aspect.

For me, the real "rareness" is the total supply being the exact number given by Douglas Adams as the answer to the question about the universe, life and all the rest.

[bbopa637]

hi dear dev, coinmarket cap says there are 42.42 coin in supplay, so
1)how many coins exactly left for mining now?

[bbopa637]

all 42 coins were mined in 3 days as I can see here??? ->https://chainz.cryptoid.info/42/#@inflation

[Lasergun]

hi dear dev, coinmarket cap says there are 42.42 coin in supplay, so
1)how many coins exactly left for mining now?

All coins are mined. Current supply is 41.99997012 - reduced due to deflation.

all 42 coins were mined in 3 days as I can see here??? ->https://chainz.cryptoid.info/42/#@inflation

This is a glitch of chainz.cryptoid.info explorer. You should always verify this info in your wallet:

getinfo

{
"version" : "42-v0.0.8.build-g891b422-bdb-mingw",
"protocolversion" : 60019,
"walletversion" : 60017,
"balance" : 0.00000000,
"unspendable" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 80052,
"timestamping" : {
"systemclock" : 1526542596,
"adjustedtime" : 1526542610,
"ntpoffset" : 14,
"p2poffset" : 12
},
"moneysupply" : 41.99997012,
"connections" : 27,
"proxy" : "",
"ip" : "0.0.0.0",
"difficulty" : {
"proof-of-work" : 1.57173350,
"proof-of-stake" : 0.00024414
},
"testnet" : false,
"keypoololdest" : 1498921990,
"keypoolsize" : 101,
"paytxfee" : 0.00000001,
"mininput" : 0.00000000,
"unlocked_until" : 0,
"errors" : ""
}

[vezpit]

O'Boy will Douglas Adams be upset.  There goes the Universe and everything.  Need to restore to 42 to save the Universe & my breakfast.

[bbopa637]

thanks Lasergun for very operative answer! 

[BountyX]

O'Boy will Douglas Adams be upset.  There goes the Universe and everything.  Need to restore to 42 to save the Universe & my breakfast.

Exactly. The answer to the question about Live, the Universe and everything has been turned into a cryptocurrency. This is the answer to the question about Live, the Universe and everything 

[IMZ]

'While not as fatal as Cryptokitties, ethereum’s first viral onchain game, Ether Shrimp Farm and its spin-off Ether Cartel have still taken their toll on the network.'

https://news.bitcoin.com/shrimp-frogs-and-drugs-are-clogging-the-ethereum-blockchain/


The idea I want to present here upsets some folks, but I present it politely:

the strength of Forty Two is its simplicity. It works. The fewer promises that are made, the fewer promises can be broken.

Simple as that!

[IMZ]

Livecoin under DDOS attack at this second. Can't get on.

EDIT: and Nova News says deposits for Bitcoin and Litecoin and Doge open in a week.

[Than-Ioan]

Livecoin under DDOS attack at this second. Can't get on.

EDIT: and Nova News says deposits for Bitcoin and Litecoin and Doge open in a week.

Livecoin works fine for me right now! We just have low volume in all available markets..

[Ucicha]

Confirming, Livecoin login working again

[Than-Ioan]

  HAPPY BITCOIN PIZZA DAY

    In honor of one of the earliest bitcoin purchases 8 years ago on May 22 👉 two Papa John’s pizzas for 10,000 BTC, we celebrate Bitcoin Pizza Day!

Those coins would be worth $83,131,600 today!

Happy Bitcoin Pizza Day!

[IMZ]

  HAPPY BITCOIN PIZZA DAY

    In honor of one of the earliest bitcoin purchases 8 years ago on May 22 👉 two Papa John’s pizzas for 10,000 BTC, we celebrate Bitcoin Pizza Day!

Those coins would be worth $83,131,600 today!

Happy Bitcoin Pizza Day!

I would like AMAs with the longest-serving crypto geeks we can locate. Would like to hear their stories.

[matinauthherll]

It’s interesting to see the progress of this project, very clear and systematic. Keep up the good work and fighting bro

[nits12]

I read about this project and understood that I liked it. Can you give me more information about this. I can think of investing in it

[IMZ]

I read about this project and understood that I liked it. Can you give me more information about this. I can think of investing in it

Learn to recognise posts like this: 'account farmer'  The post history always gives them away.