[ANN][NYC] NEW YORK COIN at 2017 MACY'S THANKSGIVING DAY PARADE IN NYC!

[CryptoNympho]

Dead Guardian,

How did you come to learn that the fork was cancelled? The answer is - "You did not".

The fork is not cancelled from what I read on the community site. (Note: The nyc community site is where I go for real facts)

As an investor in NYC I find your behavior reckless and borderline criminal. If you are NOT capable of leading then step out of the way and let those that can.

Best Regards,

CryptoNympho

[1714876581]

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[1714876581]

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[1714876581]

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[Alterberg]

Hey. What happens to the coins we have with a stiff fork? Begin to worry or is it still forming?

[NewYorkCoinMiner]

There is absolutely nothing to worry about. Save a copy of your wallet.dat and you will never lose any NYC. I will ensure NYC existing chain stays alive and healthy long enough to fully test any upcoming forks. If proven reliable and worthy of replacing existing chain (time-proven in real world environment), then the old chain will begin to fall off and everyone will transfer existing wallet.dat's to new wallets. No crisis. Just wise precaution. And ultimately protecting all existing NYC hodl'ers. Cheers!

[CryptoNympho]

Recycled fluff.

[NewYorkCoinMiner]

UPDATE: The existing chain of NYC will be kept alive and healthy for an indefinite time after any upcoming hard-fork to update NYC code. Please make sure you save an updated copy of your wallet.dat file. This way your NYC is always safe.

[moonshot9900]

UPDATE: The existing chain of NYC will be kept alive and healthy for an indefinite time after any upcoming hard-fork to update NYC code. Please make sure you save an updated copy of your wallet.dat file. This way your NYC is always safe.

Will you be changing the name of the old chain to "Litecoin Free", the name you floated for NewYorkCoin a while back?
Wait, I thought there wasn't going to be a fork?
Also where are the ATMs you promised us last year (or was it the year before)?

[NewYorkCoinMiner]

I really like the name LitecoinFree (describes NYC specs very well). You don't? But I am not planning to re-name the existing chain anything. Or market it. Or try to create extra value from it. Just ensure it is healthy and confirming transactions every 30 seconds free of charge. And give the new chain enough time to be real-world tested and proven to be worthy of replacing our amazing (slightly outdated) existing codebase.

[sashadoc]

I would like to invest in this coin. But where can you read more about it? Or who can tell in more detail?

[TonyRaut]

The NYC network is so resilient that all damage caused by flawed 1.3 code will immediately work itself out. My missing unconfirmed sends hanging on Coinomi for 3-4 days will now magically confirm. The NYC network is time-tested and proven!

Upon extensive, lengthy beta-testing AND UNDER THOSE CONDITIONS ONLY should a fork be considered. 2Q/3Q 2019? I guess it depends when we have fully working codebase. Then we will need lengthy testing and review. And finally implementation.

Agree? Disagree?

Disagree. We have almost 2 months before the scheduled fork height. Plenty of time to get things sorted.

Also can you please remove your posts about the fork being cancelled. You did not discuss that with the dev team at all and it's likely causing some FUD.

Yes agreed, there is lots of time to address any issues.
Glad to see the NYC Dev team moving ahead with the fork!

the team really moves forward without looking at anything. this is a true strategy and an important point. There are many difficulties, but they are overcome. That's what goes into the team. perfectly.

[racebyu]

I really like the name LitecoinFree (describes NYC specs very well). You don't? But I am not planning to re-name the existing chain anything. Or market it. Or try to create extra value from it. Just ensure it is healthy and confirming transactions every 30 seconds free of charge. And give the new chain enough time to be real-world tested and proven to be worthy of replacing our amazing (slightly outdated) existing codebase.

And how are you planning to keep the 30 second transaction times with KGW?
That statement might fool some of the noob people on here but in reality you
have no control over the 30 second times with the current KGW setup and that
is part of the reason why Digishield is being implemented with the coming fork.

[NewYorkCoinMiner]

I would like to invest in this coin. But where can you read more about it? Or who can tell in more detail?

https://newyorkcoin.net and https://nycoin.community

[NewYorkCoinMiner]

I really like the name LitecoinFree (describes NYC specs very well). You don't? But I am not planning to re-name the existing chain anything. Or market it. Or try to create extra value from it. Just ensure it is healthy and confirming transactions every 30 seconds free of charge. And give the new chain enough time to be real-world tested and proven to be worthy of replacing our amazing (slightly outdated) existing codebase.

And how are you planning to keep the 30 second transaction times with KGW?
That statement might fool some of the noob people on here but in reality you
have no control over the 30 second times with the current KGW setup and that
is part of the reason why Digishield is being implemented.

Until the hard-fork code proves itself reliable and stable in a real world environment (time-tested), KGW will do just fine. Lightning fast transactions have always been NYC's forte!

[moonshot9900]

I really like the name LitecoinFree (describes NYC specs very well). You don't? But I am not planning to re-name the existing chain anything. Or market it. Or try to create extra value from it. Just ensure it is healthy and confirming transactions every 30 seconds free of charge. And give the new chain enough time to be real-world tested and proven to be worthy of replacing our amazing (slightly outdated) existing codebase.

I'm fine with the name, Charlie Lee might have a different opinion.

The issue that concerns me and should concern you is that users will be confused about which chain they are on and will experience the same issues that they recently experienced with the chain split.  This was only a chain split, when the hard-fork happens they won't be able to recover from attempts to send transactions across chains.  If you rename your chain to "Litecoin Free" much of this confusion could be avoided.

The NYC dev team has said nothing about implementing replay protection.  Have you looked into or thought about the implications?

[NewYorkCoinMiner]

The existing NYC chain does not need the new NYC chain in any way. Existing chain will continue humming along with just a little hash power, uninterrupted. Just like it has done for the past 4 1/2 yrs (with exception of the past few days).

If the new chain is implemented correctly, it will not rely on existing NYC chain for anything.

Both can operate independently. At least the existing code can. I hope the new chain will as well.

[moonshot9900]

The existing NYC chain does not need the new NYC chain in any way. Existing chain will continue humming along with just a little hash power, uninterrupted. Just like it has done for the past 4 1/2 yrs (with exception of the past few days).

If the new chain is implemented correctly, it will not rely on existing NYC chain for anything.

Both can operate independently. At least the existing code can. I hope the new chain will as well.

Thank you for that hand-wavy completely non-technical and non-reassuring response  
You remind me very much of a character from Twilight of the Cockroaches (1987)
It's a great Anime, you should watch it.

[NewYorkCoinMiner]

Facts vs name calling. Tiring.

[JORKpr]

Alice in wonderland, and then quickly figured out.
NYC is gold.
Which wallet - any early, only not 1.3 and not 13.1. Where to swing - /https://github.com/NewYorkCoin-NYC/nycoin/releases/ Minor Update to 1.2.0.8

Who rules here?
Coinsprofit and MrSlosh.
There are founders of the company, but they are math.
The coin is finally stabilized.
 Branches are killed - a fairy tale, but true.
Which pool is more than stable for miners - only official without fee http://nyc.mypool.club/index.php.
We are working.
I myself have supported and even mine the asic currency of NYC for 4 years.

[moonshot9900]

Existing chain will continue humming along with just a little hash power, uninterrupted. Just like it has done for the past 4 1/2 yrs ....

Except for the many times no block was found for 10 minutes or an hour because a big multi-pool hit hard and fast made a bunch of coin and left the small miners to burn hash at high difficulty till a block was found, only to see the same thing happen over and over again.  How do merchants rely on that level of inconsistency?

Facts vs delusional fantasies and snake oil

https://digiconomist.net/51_attack_sum_of_all_fears/
https://bitcointalk.org/index.php?topic=526721.0

[Intensedrive]

All bickering aside, the coin has no market cap.  NYC is a inflationary coin. I'm a big fan but realistically no investor will ever invest, but maybe buy a few million or a hundred million for gamble.  NYC community is made believe that the 130+ billion coins in circulation does not effect value, well that's just silly.  When a coin is adding a billion per month, any investor knows this is a train wreck waiting to happen.  You would need mass adoption on a huge scale, I applaud the developers for reducing the mining reward, but we have darn near a billion coins waiting to be sold on yobit. Many might call me a hater, I will leave you this article.


https://www.cnn.com/2018/08/20/americas/venezuela-currency/index.html


It also seems dash use is growing in Venezuela to try and combat inflation.  You can not have a coin with no max supply ever maintain a steady price.  It has been proven over and over in the real world.

[moonshot9900]

...You can not have a coin with no max supply ever maintain a steady price.  It has been proven over and over in the real world.

That is true except when it is not  

Annual gold supply is just over 4,000 tonnes per year, with roughly 60% coming from miners and 40% from recycled gold (unlike industrial silver, gold is almost completely recovered and recycled back into above ground inventories).

I'm not a gold bug by any means, but $369.00 stuck under a mattress in 1996 would still be $369.00 - an ounce of gold would be worth a bit more.  So as long as NYC does not inflate as fast as USD it has a chance.

Year       Close
2015     $1,060.00
2014       $1,199.25
2013     $1,204.50
2012       $1,664.00
2011       $1,531.00
2010       $1,420.25
2009       $1,087.50
2008       $869.75
2007       $836.50
2006       $635.70
2005       $513.00
2004       $435.60
2003       $417.25
2002       $342.75
2001       $276.50
2000       $272.65
1999       $290.25
1998       $288.70
1997       $287.05
1996       $369.00