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Author Topic: MC2: A cryptocurrency based on a hybrid PoW/PoS system  (Read 194365 times)
tacotime
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November 16, 2013, 09:55:44 PM
 #1001

It appears that we have obtained a pool of prospective funding and we hope that development will begin in Dec or Jan.

We're also playing around with some ideas for other things to use the blockchain for -- I'm pretty sure I have a way to create an embedded, decentralized marketplace system within the blockchain whose relay to clients is optional.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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JessicaMILFson
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November 17, 2013, 04:55:27 AM
 #1002

What's does the pool funding entail? I thought that we were raising funds through a crowd funding platform. Furthermore, does this mean we have a potential developer willing to sign on?

Thanks!
tacotime
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November 17, 2013, 05:08:26 AM
 #1003

What's does the pool funding entail? I thought that we were raising funds through a crowd funding platform. Furthermore, does this mean we have a potential developer willing to sign on?

Thanks!

We're still figuring out the role of crowdsourcing in the funding -- if we can source this without having to crowdfund and simply checkpoint and validate all blocks for the period where we wait for submitted tickets to mature, we will do so as people would consider this the more "fair" method.

We're hopeful at this point that we have secured our lead dev, and it is someone who knows the Bitcoin backend extremely well.

I don't want to make guarantees on this, but we're trying our best to really get things moving with this alt chain.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
romerun
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November 17, 2013, 06:15:14 AM
 #1004

I've been eying to mine this coin for almost a year, still looking forward to.
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November 18, 2013, 04:11:45 AM
 #1005

Once there is a feasible amount of progress made with this, any blogger out there with a vested interest who see potential should definitely do a posting about it, i know i will Smiley  Don't forget to republish your work on sites such as http://lxer.com and reddit Wink
JessicaMILFson
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November 18, 2013, 10:17:45 PM
 #1006

What's does the pool funding entail? I thought that we were raising funds through a crowd funding platform. Furthermore, does this mean we have a potential developer willing to sign on?

Thanks!

We're still figuring out the role of crowdsourcing in the funding -- if we can source this without having to crowdfund and simply checkpoint and validate all blocks for the period where we wait for submitted tickets to mature, we will do so as people would consider this the more "fair" method.

We're hopeful at this point that we have secured our lead dev, and it is someone who knows the Bitcoin backend extremely well.

I don't want to make guarantees on this, but we're trying our best to really get things moving with this alt chain.

What incentive or equity does the potential funder received for the project. Also please keep us posted as it seems like it's now or never as Bitcoin and the top alt coins are scoring to new heights. I hope to capture some of this magic.
JessicaMILFson
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November 18, 2013, 10:22:03 PM
 #1007

Once there is a feasible amount of progress made with this, any blogger out there with a vested interest who see potential should definitely do a posting about it, i know i will Smiley  Don't forget to republish your work on sites such as http://lxer.com and reddit Wink

We have to write a really great article on the potential benefits of Netcoin vs Bitcoin and translate this to chinese and post everywhere
milly6
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November 19, 2013, 06:20:19 AM
 #1008

It will also need a new name at this point, and to dispel rumors that this coin is a donation scheme/scam. I have been interested all year.. any progress?? Updates?

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_ingsoc
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November 19, 2013, 11:15:32 AM
 #1009

I stepped away from Bitcointalk for a while to focus on getting things organised for the project. There are a bunch of things happening in the background. The best way to look at everything that's transpired in this thread is to view it as community input into the idea of MC2. When the things that are happening in the background come to fruition, there will be a new thread without any confusion, and we'll direct all traffic from here to the new post (including updating tacotime's main post).

What incentive or equity does the potential funder received for the project. Also please keep us posted as it seems like it's now or never as Bitcoin and the top alt coins are scoring to new heights. I hope to capture some of this magic.

The funding scheme will get tweaked based on what is required for development. It's always been a bit of a ballpark figure and the goal remains to make development real and keep it as fair as possible for everyone who wants to contribute. Obviously we're not going to give you some talk about how valuable things will be. Everyone will understand the risks very carefully, and the coins will be as affordable as possible to make development a reality. Once we have these figures, everyone will know. The good news about how we plan on taking contributions is that we'll use crypto-currency instead (in all likelihood). Some of the crowdfunding platforms aren't very friendly to crypto-currencies, so that has turned into an issue. There'll still be a fixed arbitrary rate to actually fund the development, but we won't pool any money until we have confirmed development. I think that's the most ethical way to do it, and so we can at least minimise the risks everyone has to take.

We have to write a really great article on the potential benefits of Netcoin vs Bitcoin and translate this to chinese and post everywhere

A good idea to do this really well once development starts is to distribute an information package that people can use to inform what they share. That'll keep the community unified and help all of us. Right now we have an updated paper and a presentation tacotime made which will be used to inform the developers. Once we have development confirmed, I'll personally focus on getting a community package ready and distribute it to everyone for this purpose.

It will also need a new name at this point, and to dispel rumors that this coin is a donation scheme/scam. I have been interested all year.. any progress?? Updates?

The project name will always be MC2. I don't know what name we need for a general audience. Netcoin was great, and the .io sufficed, but after the other Netcoin was introduced it created unnecessary confusion, and it'll probably continue to create confusion until we create a new thread and reach a new milestone. If anyone has a domain name they'd like to donate, by all means! Tongue The focus thus far has been on making it real, so we haven't put all that much thought into a general audience name for the coin. If we get the developers we want to involve, and use the platform we have in mind, MC2 will be something very special. People get mad at and make fun of it taking so long, but if this was an easy process, you'd see innovative crypto-currencies pop up every day. It's hard work, and when development starts, that'll be the real test. The fact of the matter is, we have a leader with great ideas who I trust personally. If tacotime "scams" someone, then you might as well give up on this whole community. The developers we have in mind are exceptional people, and if our camps combine, with your support, MC2 will be a great experiment.

More to come!

JessicaMILFson
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November 23, 2013, 07:01:04 AM
 #1010

I personally love the name Netcoin and I feel that if we have the support of the masses (as evident by the popularity of this thread), we can very well proceed with the name. It's the support and first to hit the major exchanges that are crucial. SEO is no biggie and I can donate my efforts for that.
brekyrself
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November 23, 2013, 09:03:29 AM
 #1011

Any time table on seeing an outline or bullet points on the latest idea's besides funding?
JessicaMILFson
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November 23, 2013, 10:11:51 AM
 #1012

One thing that I would like to see is if there are any new features that could be implemented into the Netcoin protocol that have been discussed since the inception of this thread. If you guys have any ideas, please add to the wiki at Netcoin.io
milly6
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November 23, 2013, 07:52:39 PM
 #1013

I personally love the name Netcoin and I feel that if we have the support of the masses (as evident by the popularity of this thread), we can very well proceed with the name. It's the support and first to hit the major exchanges that are crucial. SEO is no biggie and I can donate my efforts for that.

Theres an active coin called Netcoin

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milly6
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November 23, 2013, 07:56:48 PM
 #1014

Another point which Id like to make is that since this idea has come about almost a year ago, most of the ideas involved with the original "development" have already been implemented in other ACTIVE coins... Dont mean to be rude here but what is mc2 providing that hasnt been done by this point? And do you mean to say that NO development has happened since the may whitepapers were released? What is the innovation here? POW and POS has been done plenty of times and scrypt as well... whats the idea?? We need a little more than "You can trust us" and "we've been working on it" Im legitimately interested, not meant as a troll.

Eyes open, No Fear. Be Safe! Trinity: Currency Without Bias
tacotime
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November 23, 2013, 08:20:06 PM
 #1015

Another point which Id like to make is that since this idea has come about almost a year ago, most of the ideas involved with the original "development" have already been implemented in other ACTIVE coins... Dont mean to be rude here but what is mc2 providing that hasnt been done by this point? And do you mean to say that NO development has happened since the may whitepapers were released? What is the innovation here? POW and POS has been done plenty of times and scrypt as well... whats the idea?? We need a little more than "You can trust us" and "we've been working on it" Im legitimately interested, not meant as a troll.

The idea upon releasing the whitepaper was that some people would implement some of the more important features of this coin.  To some extent this has happened, to some extent this has not.  Regardless, there are some other features to be implemented that aren't being detailed or talked about here right now.  We also didn't want to do this without a transparent, reliable dev team, hence why it hasn't gotten off the ground yet.

I didn't really ever intend for this to consume as much of my life as it seems to be doing right now, because I have a lot else going on.  However, there are a lot of people looking for innovation in coins lately, and so recently a lot of attention has come my way.  Now things have progressed from "quiet" to "guardedly quiet" as we try to hash out the actual implementation and get things organized.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
Robre
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November 27, 2013, 12:07:36 AM
 #1016

What's the timeframe here??
RandyMagnum
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November 27, 2013, 01:21:15 AM
 #1017

However, there are a lot of people looking for innovation in coins lately

Diligence

I'm not interested in investing more into Bitcoin at this point, I'm interested in who's trying to genuinely improve upon it and is associating themselves with other intelligent, open-minded individuals willing to passionately pursue this.  Forgive me for generalizing, but I bind this disposition to many.  I don't foresee BTC as being the standard in time; rather, it will be discussed in introductory economics courses as a successful firestarter for change.

Slap a cracking name and symbol on it in the end and be patient.  I've been following since the initial public notice and have not lost a bit of interest.

Thank you and those behind the scenes in advance.

RM
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November 27, 2013, 08:11:23 PM
 #1018

Lots of attention and potential. Can we expect an announcement from taco soon?
Robre
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November 28, 2013, 08:43:50 PM
 #1019

I am just so excited about the potential if this coin. All I want to know is, are we 6 months away, 12 months away? Just a good ballpark is I'm looking for.
JessicaMILFson
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November 28, 2013, 08:44:47 PM
 #1020

Same here
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