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Author Topic: [ANN][VOT]: VoteCoin - a new era of anonymous crypto democracy  (Read 78470 times)
boo50
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October 22, 2017, 06:20:24 AM
 #261

They may be burned or may be distributed for miners as well, but from the start rules were written - coins will be distributed for participants. Actually miners also have a chance to invest, doesn't they? I'm personally invest some funds, because I believe it this project and wish it success.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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votecoin.site (OP)
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October 22, 2017, 06:29:56 AM
 #262

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Its a damn unfair if so, miners also spend their time and electricity for mining of that coin, why not to give some reward for that dont understand??? I believe it would be better if unsold funds would be burned.

Miners were receiving 72 000 VOT coins each day (in total). There is no need to send them any bonus, they got their reward already.

Even if we wanted to send them some reward, there is actually no way for us to find out who was actually mining and how much power he provided to the network, so there is no technical way to do that anyway.

VoteCoin - a new era of anonymous crypto democracy
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October 22, 2017, 06:35:05 AM
 #263

For thos who missed out the ICO but still want some VOT coins, there is a great opportunity now at the exchange (tradesatoshi.com). Some of the miners are willing to sell their VOT coins for any price, so you may get few thousands of VOT coins now for as low as 0.000007 BTC per coin!

Can some user report that this exchange is properly processing deposits and withdrawals?
Thank you

VoteCoin - a new era of anonymous crypto democracy
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October 22, 2017, 06:49:44 AM
 #264

Yes, tradesatoshi is great chance to get cheap VOT.

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October 22, 2017, 06:51:37 AM
 #265

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Its a damn unfair if so, miners also spend their time and electricity for mining of that coin, why not to give some reward for that dont understand??? I believe it would be better if unsold funds would be burned.

Miners were receiving 72 000 VOT coins each day (in total). There is no need to send them any bonus, they got their reward already.

Even if we wanted to send them some reward, there is actually no way for us to find out who was actually mining and how much power he provided to the network, so there is no technical way to do that anyway.

You are talking like miners is not a part of project, they supporting net work , they put in their power, time and recources in this project through mining, and you telling that investors will get 600% of bonuses from unsold coins and miners didnt deserved even 1% for their work??? Are you serious??? With that relation to miners I can only say that Im out.

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FastSha
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October 22, 2017, 07:04:43 AM
 #266

VOT coint is the profitable coin for mining. Miners support activity of coin and get good profit.
But investors get money to further development of the project and devs have straight interest to collect more investments.
 

boo50
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October 22, 2017, 07:05:09 AM
 #267

C'mon man, you can go mining Zec and send 20% of your hashpower to developers.  Smiley
If you like idea or a project itself you can support it, if you don't - there are alot of others to mine.

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October 22, 2017, 07:16:07 AM
 #268

You are talking like miners is not a part of project, they supporting net work , they put in their power, time and recources in this project through mining, and you telling that investors will get 600% of bonuses from unsold coins and miners didnt deserved even 1% for their work??? Are you serious??? With that relation to miners I can only say that Im out.

Read the whitepaper before post something, don't be ridiculous. I'm a miner and invest some BTC.

It's fair enough to receive bonus only as investor.

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uralcryptocoin
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October 22, 2017, 08:13:21 AM
 #269

Quote
Its a damn unfair if so, miners also spend their time and electricity for mining of that coin, why not to give some reward for that dont understand??? I believe it would be better if unsold funds would be burned.

Miners were receiving 72 000 VOT coins each day (in total). There is no need to send them any bonus, they got their reward already.

Even if we wanted to send them some reward, there is actually no way for us to find out who was actually mining and how much power he provided to the network, so there is no technical way to do that anyway.

You are talking like miners is not a part of project, they supporting net work , they put in their power, time and recources in this project through mining, and you telling that investors will get 600% of bonuses from unsold coins and miners didnt deserved even 1% for their work??? Are you serious??? With that relation to miners I can only say that Im out.

The whitepaper was already published. And changing it in the middle of ICO would be wrong. I mined VOTs practically from the very beggining. And I believe in the project so I participated in ICO too. So now I've my mined and bought during ICO coins + bonus. Everybody had a chance to buy VOTs from ICO

BTC   Bitcoin: A Peer-to-Peer Electronic Cash System   BTC
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
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October 22, 2017, 10:47:46 AM
 #270

Bonus VOT coins were sent to all users who requested to receive VOT.
Some users didn't contact us with their wallet address yet,
and some prefer to wait for a more reasonable exchange.
So we are still holding around 16% of the premined coins.
Those will be sent out as soon as we are instructed to do so.
Hi dev, so unsold funds is distributed only between ICO participants? Miners not involved?
Yes, miners not involved. But ICO participants have +600% unsold VOT bonuses   Shocked
Its a damn unfair if so, miners also spend their time and electricity for mining of that coin, why not to give some reward for that dont understand??? I believe it would be better if unsold funds would be burned.

I am also a miner, and i did not participate in the ICO - yet i think the 600% bonus should go the the ICO investors as that is what was promised in the white paper. You wouldn't be quite so happy with it otherwise if you were an investor and the chance of a bonus was part of your investment strategy.
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October 22, 2017, 04:47:35 PM
 #271

Made test transaction to TradeSatoshi. Everythig works well. Deposit after 23 Confirmations of VOT network. Good start for great coin

BTC   Bitcoin: A Peer-to-Peer Electronic Cash System   BTC
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
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October 22, 2017, 04:50:53 PM
 #272

Made test transaction to TradeSatoshi. Everythig works well. Deposit after 23 Confirmations of VOT network. Good start for great coin

Confirmed, also made transaction yesterday, but price is really low, waiting for higher Smiley

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votecoin.site (OP)
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October 22, 2017, 07:56:24 PM
 #273

You are talking like miners is not a part of project, they supporting net work , they put in their power, time and recources in this project through mining, and you telling that investors will get 600% of bonuses from unsold coins and miners didnt deserved even 1% for their work??? Are you serious??? With that relation to miners I can only say that Im out.
If there are 10 miners, the network finds 1 block every 150 seconds on average. If there are 1000 miners, the network also finds 1 block every 150 seconds on average. The amount of miners and the amount of their power actually doesn't matter for VoteCoin (or for any other coin in general).

And as I already mentioned, there is no way to find out who mined how much, there is no way to contact the miners, they were using many different pools, they were solo mining, their addresses may no longer be accessible, etc, etc. It is IMPOSSIBLE to pay any reward to miners even if we wanted to do so...

VoteCoin - a new era of anonymous crypto democracy
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October 22, 2017, 10:59:28 PM
 #274

VOT to the moon!  Cool
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October 22, 2017, 11:10:41 PM
 #275

TradeSatoshi connection was added to https://www.crypto-coinz.net calculator. You can now  check real time and last 24 hours profits. VOT is the most profitable equihash now.

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October 23, 2017, 02:30:40 AM
 #276

Good to see that it will be on Yobit soon  Smiley
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October 23, 2017, 03:31:10 AM
 #277

TradeSatoshi connection was added to https://www.crypto-coinz.net calculator. You can now  check real time and last 24 hours profits. VOT is the most profitable equihash now.
not most profitable, but even at 300sat it is profitable now.

welcome to our pool, reliable dedicated server is US and jsut 1% fee: www.nibirupool.com

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October 23, 2017, 03:37:11 AM
 #278

So did VOT sold all the coin? How many coins out there right now?

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October 23, 2017, 05:41:01 AM
 #279

So did VOT sold all the coin? How many coins out there right now?

Now is block #33192, 125 VOTs per block
So 33192*125 = 4 149 000 + 10 000 000 (Sold on ICO) = 14 149 000 VOTs current circulation supply

BTC   Bitcoin: A Peer-to-Peer Electronic Cash System   BTC
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
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October 23, 2017, 08:02:42 AM
 #280


Great plan. This is a project with immediate practical use and definitely the future of democracy within the blockchain...
Would like to contribute... please reserve any portuguese translation if available
good luck!

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