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GSnak
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July 14, 2013, 06:05:13 PM |
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New logo?  |
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Kujmandosz (OP)
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July 14, 2013, 06:10:14 PM |
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New logo? Hahha. Good job Gsnak. Unfortunately I will not chabge the logo, but good suggestions are welcomed here. |
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Kujmandosz (OP)
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July 14, 2013, 06:33:42 PM |
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We are an opened community so we happily accept any suggestions and help with the coin.
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gatra
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July 14, 2013, 07:27:45 PM |
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The ANN puts "it is using proof-of-stake not proof-of-work"... but how do you mine it if there's no proof of work?
proof of stake cannot work if nobody has any stake... how would you bootstrap the currency, ie how would the initial coins be created?
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ahmed_bodi
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July 14, 2013, 07:29:44 PM |
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its an invalid typo i believe, there is proof of work and proof of stake,
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Bitrated user: ahmedbodi.
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robotrebellion
Member
 Offline
Activity: 61
Merit: 10
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July 14, 2013, 07:36:24 PM
Last edit: July 14, 2013, 07:59:42 PM by robotrebellion |
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It is meant to be a costumer and exchange friendly coin with the benefits of it’s optimized specifications.  |
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robotrebellion
Member
Offline
Activity: 61
Merit: 10
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July 14, 2013, 07:38:30 PM |
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Seriously though, can you explain why any of these tweaks are a significant improvement over other POS coins? Where is the innovation? Features:
Block Target is 20 sec
Block reward halved every 800k blocks
100 million total coins
80 coins per block
High starting difficulty to avoid instamine
Proof of stake scheme
3 Conformations - optimized 1 minute transaction time |
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daggerismo
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July 14, 2013, 07:45:58 PM |
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CLOWNcoin?  ? LOL |
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Kujmandosz (OP)
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July 14, 2013, 08:10:57 PM |
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This is like: so why is the new mercedes innovative?
It is not. There are small changes to make it better but that is it. The important thing is the team behind the coin. Look at phenixcoin. They have such a good team and their coin is getting stronger and stronger. We will try everything to back up our coin and to make it worldwide.
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robotrebellion
Member
Offline
Activity: 61
Merit: 10
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July 14, 2013, 08:18:33 PM |
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This is like: so why is the new mercedes innovative?
It is not. There are small changes to make it better but that is it. The important thing is the team behind the coin. Look at phenixcoin. They have such a good team and their coin is getting stronger and stronger. We will try everything to back up our coin and to make it worldwide.
If you can't explain how your coin stands out from the horde of other coins, then it's another pump & dump. |
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Kujmandosz (OP)
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July 14, 2013, 09:00:42 PM |
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Cloudcoin is a brand new exchange coin. We optimized it, to get a 1 min transaction but also be safe and secure. The amount of coins is also optimized for everyday use and it makes sure that it will be valued. It's fast but secure transaction makes it a strong exchange coin that is user and merchant friendly. We also try to make the coin an elegant one that is simple and trust worthy, this includes a smooth, organized and simple website with only a few mining pools, one faucet. We are also working on partnerships with online casinos.
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Kujmandosz (OP)
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July 14, 2013, 09:15:20 PM |
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The ANN puts "it is using proof-of-stake not proof-of-work"... but how do you mine it if there's no proof of work?
proof of stake cannot work if nobody has any stake... how would you bootstrap the currency, ie how would the initial coins be created?
Thank you for letting me know. It is proof of work and proof of stake. |
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Kujmandosz (OP)
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July 15, 2013, 03:07:50 PM |
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Update: Beta Official Site under development: http://cloudcoin.webs.comNothing is really up there yet, I just wanted to show the site to you guys. Suggestions and opinions are welcomed. |
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GSnak
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July 15, 2013, 03:11:28 PM |
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I suggest you do something novel, like instant transfers, inability to send your coin into oblivion, human language addresses, etc. Make it 100% grandma proof. You'll find a lot of support.
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ethought
Legendary
Offline
Activity: 1316
Merit: 1000
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July 15, 2013, 03:13:44 PM |
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I suggest you do something novel, like instant transfers, inability to send your coin into oblivion, human language addresses, etc. Make it 100% grandma proof. You'll find a lot of support.
Some of the best ideas I have heard for ages.. |
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markm
Legendary
Offline
Activity: 3010
Merit: 1121
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July 15, 2013, 03:15:15 PM |
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I suggest you do something novel, like instant transfers, inability to send your coin into oblivion, human language addresses, etc. Make it 100% grandma proof. You'll find a lot of support.
All of which can be done with any already-existing coin, so no need to confuse grandma by creating yet another scamcoin ... oh wait, "except to scam her", of course... -MarkM- |
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Kujmandosz (OP)
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July 15, 2013, 03:15:56 PM |
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I suggest you do something novel, like instant transfers, inability to send your coin into oblivion, human language addresses, etc. Make it 100% grandma proof. You'll find a lot of support.
Some of the best ideas I have heard for ages.. +1 |
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Kujmandosz (OP)
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July 15, 2013, 03:19:21 PM |
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Just making sure: The coin will be 100% grandma proof. So support it.  |
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fluffypony
Donator
Legendary
Offline
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
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July 15, 2013, 03:22:02 PM |
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Instead of a premine, do the early adoption bonus that seems to be working (ie. day 1, 2 and 3 rewards start off high and taper off to normality from day 3 or 4 onwards). If you need coins for bounties, just mine it yourself. The coins success will mean your success even without a premine.
Also, maybe suggest *how* you plan to be a median for all coins. Otherwise this is just another clone.
Finally, 20 second block times are crazy fast and lead to tons of orphans. I remain unconvinced that anything more than 40 seconds is a justifiable necessity.
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Kujmandosz (OP)
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July 15, 2013, 03:32:52 PM |
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Instead of a premine, do the early adoption bonus that seems to be working (ie. day 1, 2 and 3 rewards start off high and taper off to normality from day 3 or 4 onwards). If you need coins for bounties, just mine it yourself. The coins success will mean your success even without a premine.
Also, maybe suggest *how* you plan to be a median for all coins. Otherwise this is just another clone.
Finally, 20 second block times are crazy fast and lead to tons of orphans. I remain unconvinced that anything more than 40 seconds is a justifiable necessity.
Thank you for your answer. You have good thinking and thought. In my opinion early adoption bonus is not fair either, since the ones who are online and catch the start, will have an advantages against those who start mining later. We are planning to have a really small amount of premined coins. So we can support the ones who deserve it and the ones who make pools, faucets and more services for us. I would like to support this coin 100% and award the ones who use it, so In my opinion a small amount of premine is inevitable in order to improve the coin. I think that we can help our miners in more ways like that. I decided to use the 20 second block times to get a 1 minute transaction time, which is just in the middle. Not too slow and not that ridiculously fast like fastcoin. But we will consider changing it a little bit, since you mentioned it. Again thank you for your suggestions. Keep this up and you will get rewarded for you support. We have a user activeness list, and the most active users will get generous rewards. |
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