[DATACOIN] Brainstorming - Giveaway!

[GreekBitcoin]

Thought about recent giveaways and the way Datacoin is going...

Cryptocoins generally lack any inner value, today their main purpose is speculation. Easy to see especially with many altcoins experiencing pump and dump schemes. Lots of people buy them hoping for bitcoin-like exponential growth. Datacoin is one of very few different. From initial thread:

Datacoin is intended to be reliable censorship-free data storage and a currency to pay for this storage. Money transfer isn't the first purpose of Datacoin.

Data storage is the inner purpose of DTC, giving Datacoin its inner value. BUT its inner value does not have to be equal to its price. While I appreciate giveaway and cryptsy “fight”, I think I see you are going every-other-coin-way here. I think you should not promote Datacoin in first place. You should focus all your efforts at Datacoin uses, services, etc. Build a user base around them. Make Datacoin not a target, but *just* a tool for people. That would reinforce its inertial value by making the coin itself simply useful. You should really make this coin a tool first and a coin second.

And – sorry to say that – I think that going the “Dogecoin-way” ( ), with giveaways, twitter, cryptsy and buzz, while may seem desirable on a short time frame, on a long way run may destroy the uniqueness if DTC would became too successful this way. With tool-first approach DTC price would depend on its usefulness and usefulness of all DTC-related ecosystem. DTC price cannot be too high. Don't get me wrong, theres still space to grow here, but it would be quite bound to a data storage function, and here price cannot rise above sanity levels. Additionally, function-bound price could be quite stable. Just these orders of magnitude jumps that would make all this speculation crowd happy would render Datacoin unusable, practically depleting it of its inner value.

Unless we imagine a dystopian future, where people are willing to pay many thousands of  dollars for every byte of decentralized redundant censorship-free storage...


maxsolnc - DTC addres is the same as is on github I showed to you at bounties thread (https://bitcointalk.org/index.php?topic=365049.msg4159290#msg4159290), that is: DMy7cMjzWycNUB4FWz2YJEmh8EET2XDvqz

well i agree with you. I dont like the dogeway either. i suppose this is happening because cryptsy for some reason is ignoring datacoin. Cryptsy has added a hundreds of retarded coins and will continue to do so but not Datacoin... so we take the dogeway i suppose until cryptsy adds datacoin. Because the coin needs a slightly better exchange really...

indeed more services for datacoin would be perfect. And i hope that people will soon come with more ideas and services.

[1715318818]

1715318818

[fifivotch]

it is preferable to change the logo, which represent a currency, and also email contact address , it's not professional , gmail ! thkx  ,
DEqiRrUbourDAzuRULP9w6P85v6gh2pejx

[fifivotch]

you not like my ideas? or you won't t to send me some datacoins?   

[mahieddine]

hey gentleman give some coin to the lady 

[snoogans310]

force everyone to use datacoin instead of the dollar, then knock everyone out who supports litecoin and bitcoin. worth a try 

DGgoaP42kDoTQcZAZRgMqdZBfajUrcYcYV

[4019]

i suppose this is happening because cryptsy for some reason is ignoring datacoin. Cryptsy has added a hundreds of retarded coins and will continue to do so but not Datacoin... so we take the dogeway i suppose until cryptsy adds datacoin. Because the coin needs a slightly better exchange really...

Yes, a decent exchange is still needed, although this seems for me to be a general cryptoworld problem as I find every exchange site less or more retarded Mining FTW!

[maxsolnc]

hey guys, sorry for big delays, I missed recent answers in this thread somehow. I'll go through the thread and answer \ send coins soon

[maxsolnc]

Set up a Datacoin faucet. While faucets do not add much to the ecosystem, they are good at attracting new users. The faucet could be ran by donations from people who want to support Datacoin and its concept. I hope this coin will succeed, as it actually has a purpose (and so does its proof-of-work system, too!).

We're doing giveaways just now, but after we finish with them, we'll start faucet

Thought about recent giveaways and the way Datacoin is going...

Cryptocoins generally lack any inner value, today their main purpose is speculation. Easy to see especially with many altcoins experiencing pump and dump schemes. Lots of people buy them hoping for bitcoin-like exponential growth. Datacoin is one of very few different. From initial thread:

Datacoin is intended to be reliable censorship-free data storage and a currency to pay for this storage. Money transfer isn't the first purpose of Datacoin.

Data storage is the inner purpose of DTC, giving Datacoin its inner value. BUT its inner value does not have to be equal to its price. While I appreciate giveaway and cryptsy “fight”, I think I see you are going every-other-coin-way here. I think you should not promote Datacoin in first place. You should focus all your efforts at Datacoin uses, services, etc. Build a user base around them. Make Datacoin not a target, but *just* a tool for people. That would reinforce its inertial value by making the coin itself simply useful. You should really make this coin a tool first and a coin second.

And – sorry to say that – I think that going the “Dogecoin-way” ), with giveaways, twitter, cryptsy and buzz, while may seem desirable on a short time frame, on a long way run may destroy the uniqueness if DTC would became too successful this way. With tool-first approach DTC price would depend on its usefulness and usefulness of all DTC-related ecosystem. DTC price cannot be too high. Don't get me wrong, theres still space to grow here, but it would be quite bound to a data storage function, and here price cannot rise above sanity levels. Additionally, function-bound price could be quite stable. Just these orders of magnitude jumps that would make all this speculation crowd happy would render Datacoin unusable, practically depleting it of its inner value.

Unless we imagine a dystopian future, where people are willing to pay many thousands of  dollars for every byte of decentralized redundant censorship-free storage...

I know all of that, but we need to attract as many developers as we can. When we started twitter buzz and giveaways, number of mails from 3rd parties developers increased a lot! So, of course, we can do nothing like promo and do everything ourselves, but it will be so slow. And yes, miners are interested to sell their coins, but many of them don't want to go to bter. If we are not listening to miners, coin will be vulnerable to attacks and fail.

it is preferable to change the logo, which represent a currency, and also email contact address , it's not professional , gmail !

what's wrong with logo? And yes, forgot to mention that our mail is now support@datacoin.info (it redirects messages to gmail, but nobody cares )

hey gentleman give some coin to the lady  

hahaha, are you the first lady in Datacoin?   Make us smile, take a photo of yourself with paper with words on it: "Best regards to Datacoin team!" Nothing vulgar, just ordinary photo

force everyone to use datacoin instead of the dollar, then knock everyone out who supports litecoin and bitcoin. worth a try  

you're joking of course


Coins sent to everyone above this thread (except mahieddine - no address and no photo )

[GreekBitcoin]

force everyone to use datacoin instead of the dollar, then knock everyone out who supports litecoin and bitcoin. worth a try  

DGgoaP42kDoTQcZAZRgMqdZBfajUrcYcYV

you seriously gave that guy free DTC?! I dont like you anymore :P:P

[4019]

I know all of that, but we need to attract as many developers as we can. When we started twitter buzz and giveaways, number of mails from 3rd parties developers increased a lot! So, of course, we can do nothing like promo and do everything ourselves, but it will be so slow. And yes, miners are interested to sell their coins, but many of them don't want to go to bter. If we are not listening to miners, coin will be vulnerable to attacks and fail.

Yes, but as I said, it's all short time frame, which isn't bad as this is still a very young project. It's not something that could fuel this long term...

BTW. I think you should stress Primecoin heritage more. You know, prime numbers chains and stuff. It's making mining more attractive for folks like me (ahh, I participated in SETI years ago).
BTW2 Selling coins - the never ending quest for not retarded exchange site

[maxsolnc]

force everyone to use datacoin instead of the dollar, then knock everyone out who supports litecoin and bitcoin. worth a try  

DGgoaP42kDoTQcZAZRgMqdZBfajUrcYcYV

you seriously gave that guy free DTC?! I dont like you anymore :P:P

hey, he made me smile, and I'm in a very good mood today

[snoogans310]

how close is datacoin to getting on somewhere like cryptsy, seems well overdue.

im glad your in a good mood today maxsolnc, thank you.

[GreekBitcoin]

how close is datacoin to getting on somewhere like cryptsy, seems well overdue.

im glad your in a good mood today maxsolnc, thank you.

I suppose it will happen soon. Maybe they are trying to fix their server problems before adding more coins. Who knows. I will send some personal messages by tomorrow.

[olinnebit]

I read about what the new Earthcoin forum is doing and I believe Netcoin(NET) did the something similar. When you make a post, new topic etc you are credited a small amount of coins to your account. Since the DTC forum is need of more traffic we could try something similar? It seems to me it is a good incentive for new adopters/users.

-From EAC forum; "Here is a quick overview: posting, replying, uploading media, updating profiles, making friends, joining groups, writing Docs and Wikis, and sending invites all give rewards. Deleting posts and replies, and having posts marked as spam deduct from your earnings."

I have no idea what it would take to "code" this into the forum(IDK if I'm even using the right words). Giveaways take time and cost quite a lot. Giving user a small amount like this is a self-driven process after it has been "coded", except for the moderation of spam. No double checking user accounts on bitcointalk, no checking twitter for replies, no checking to see if the wallet-address is used over and over for more coins.

For example; 0.05DTC per action = 1DTC per 20 actions. As time goes by and more users registers, the reward can be lowered until there is enough activity on the forum and the reward is 0 0.05 might be too much, I am not experienced with how much traffic this could generate.

just a thought.

[allmycoins]

What I miss:

- easy portability for external use (usb-stick, external ssd)
- build in p2p exchange !!!!!! (I know there are some other developments)
- possibility to create physical datacoins
- good help function for usability
- build in download of the actual block chain

by the way:

- may it be possible to pack (zip, rar ...) the block chain?

DRAP84PR8dF3i8NU3rmSPg8oMuTyCWwC2i

Happy new Year!

[JOSE2014]

My  DataCoin address :

WTBRVm4PeexbxUUoHErH2N5KupKaYuv3th

Thanks for giveaway!

[GreekBitcoin]

I read about what the new Earthcoin forum is doing and I believe Netcoin(NET) did the something similar. When you make a post, new topic etc you are credited a small amount of coins to your account. Since the DTC forum is need of more traffic we could try something similar? It seems to me it is a good incentive for new adopters/users.

-From EAC forum; "Here is a quick overview: posting, replying, uploading media, updating profiles, making friends, joining groups, writing Docs and Wikis, and sending invites all give rewards. Deleting posts and replies, and having posts marked as spam deduct from your earnings."

I have no idea what it would take to "code" this into the forum(IDK if I'm even using the right words). Giveaways take time and cost quite a lot. Giving user a small amount like this is a self-driven process after it has been "coded", except for the moderation of spam. No double checking user accounts on bitcointalk, no checking twitter for replies, no checking to see if the wallet-address is used over and over for more coins.

For example; 0.05DTC per action = 1DTC per 20 actions. As time goes by and more users registers, the reward can be lowered until there is enough activity on the forum and the reward is 0 0.05 might be too much, I am not experienced with how much traffic this could generate.

just a thought.

Excellent idea! I totally support this idea! Its better than giving coins for free that people are selling straight afterwards!

The forum must grow a bit. I have some ideas afterwards like what peercoin is doing with peervolunteers...

Anyway because of the current days everything is slow. I hope from next week we are startng more aggresive

[infofront]

I think datacoin should not reward only the computation power of miner, but the fact of storing the blockchain too.
Hashpower is important to secure the network, but datacoin is about storage, so the one who store the blockchain should get a cut.

Right now, the guy who mine a block get the block reward + all the fee.

Instead of going to the miner, the fee should be spread between all the blockchains.
Mining recquire to store the blockchain too, but the fee shouldn't reward pure hashpower, but storaging.


I would go even further :
I think the reward per block (currently ~10DTC) should be spread too, not only the fees. Like a 50/50 split, 5dtc to the miner and 5 dtc to blockchains

To not bloat the blockchain with a lot of tiny transaction and to create a more fair distribution, i think all those block reward and fee should go to a single neutral adress. Then after like 1 days (1440 block), this adress would automaticly redistribute equally the reward to all blockchains with 100% uptime for that day (1440 block).


It would probably recquire a hardfork, but this would ensure people have interest in storing the entire blockchain. Because in the near future, blockchain could grow big very quickly and people would only mine on a pool, without storing the blockchain, because it's the same reward right now.


tl,dr : Storage of the blockchain need to be rewarded

I like the idea of rewarding storage of the blockchain.
As a miner, I'd be willing to store the blockchain on my mining machines. My machines all have hard drives since I'm a Windows miner, and most of my hard drive space is unused.

I could see a lot of other miners being in the same position as me, willing to store data. This would seem to exclude Linux miners though, as many, if not most of them run their machines on a USB flash drive. One potential solution to this would be to allow people to store a part of the blockchain, and compensate people by the GB.

Rewards should be more like a 95/5 (or maybe even 99/1) split though, as mining is much more important than data storage redundancy here I believe. There will always be copies of the block chain as long as there are wallets and pools running, but miners can, and will, go elsewhere. They must always be well compensated, or the security of the Datacoin network will be in danger.

DADmjsrQNBhEk6GfBkCfiv9PP9X4yo2NcE

[JOSE2014]

My  DataCoin address :

WTBRVm4PeexbxUUoHErH2N5KupKaYuv3th

Thanks for giveaway!

[4019]

Not an unknown revolutionary idea but I don't know where to put this...

Could somebody clean https://datacointalk.org/ forum? Ban the bots, delete their posts? Set some captcha for first few posts for new users? I guess admins rarely look there...
Now even bots so retarded that they can't write "porno" right registered succefully!