[ANN] [PK] Pennykoin - Make crypto great again. No ICO/premine POS/POW

[jerrimu]

Remember when you first got interested in cryptocurrency?  It was such a cool feeling to be a part of something that was gonna change the world. Then the money happened and now it just seems like something for investors to mess with, not an actual breakthrough in decentralized, egalitarian currency. I want to bring that feeling back and make it stay forever.

I like your style. There is big interest towards crypto note lately, bought some OTC since they are not available on exchange right now.
I am curious about the name "PennyKoin", is it meant to be ironic?

 

     I wouldn't say ironic. More like a compromise. Initially I just wanted penny, but there was a  (failed0crypto with the name in 2015/16. Pennycoin would have been the next choice, but the domain was $2000 I don't have and PC is a terrible ticker. 
 
 Whereas it wasn't my first choice, I think it's served well. My second most popular tweet was me justifying the name, and that attention brought a lot of miners on board.  I'm not sure I'm willing to rebrand, but it wouldn't be now if I was, and the community would have to push for it (like ant-asic)

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[legday]

Remember when you first got interested in cryptocurrency?  It was such a cool feeling to be a part of something that was gonna change the world. Then the money happened and now it just seems like something for investors to mess with, not an actual breakthrough in decentralized, egalitarian currency. I want to bring that feeling back and make it stay forever.

I like your style. There is big interest towards crypto note lately, bought some OTC since they are not available on exchange right now.
I am curious about the name "PennyKoin", is it meant to be ironic?

 

     I wouldn't say ironic. More like a compromise. Initially I just wanted penny, but there was a  (failed0crypto with the name in 2015/16. Pennycoin would have been the next choice, but the domain was $2000 I don't have and PC is a terrible ticker.  
  
 Whereas it wasn't my first choice, I think it's served well. My second most popular tweet was me justifying the name, and that attention brought a lot of miners on board.  I'm not sure I'm willing to rebrand, but it wouldn't be now if I was, and the community would have to push for it (like ant-asic)

Calling it Penny is just belittling coin, in terms of - "it should not cost more than penny", unless it is meant to be a joke and investors usually don't have a sense of humor about their investments. Also mispelling "Coin". I don't know man, name is real turn off if you ask me.
Also, code says 1 trillion max supply, but it was said on discord its 10 billion.

[jerrimu]

Calling it Penny is just belittling coin, in terms of it should not cost more than penny, unless it is meant to be a joke and investors usually don't have a sense of humor about their investments. Also mispelling "Coin". I don't know man, name is real turn off if you ask me.
Also, code says 1 trillion max supply, but it was said on discord its 10 billion.

 
  But if the pennies ( atomic units) are worth a penny then 1 PK=$1, which would mean a $2bn marketcap at the end of year one.  This isn't for investing, this is for spending. If you get some now, you will almost certainly make some money, but that isn't even close to its goal. Just like a cool side effect of being a believer/early adopter.
 
 You quoted the part above where I talk about how crypto is all speculation now, that part is the bubble and it will be gone. I don't know if you're old enough to remember internet launch, but it was much the same. Silicon Valley's "tres comas" guy is todays ICO millionaire.   PK strives to be more like spotify or pandora in that analogy.     Both of which are idiotic names for internet music.

[legday]

Calling it Penny is just belittling coin, in terms of it should not cost more than penny, unless it is meant to be a joke and investors usually don't have a sense of humor about their investments. Also mispelling "Coin". I don't know man, name is real turn off if you ask me.
Also, code says 1 trillion max supply, but it was said on discord its 10 billion.

 
  But if the pennies ( atomic units) are worth a penny then 1 PK=$1, which would mean a $2bn marketcap at the end of year one.  This isn't for investing, this is for spending. If you get some now, you will almost certainly make some money, but that isn't even close to its goal. Just like a cool side effect of being a believer/early adopter.
 
 You quoted the part above where I talk about how crypto is all speculation now, that part is the bubble and it will be gone. I don't know if you're old enough to remember internet launch, but it was much the same. Silicon Valley's "tres comas" guy is todays ICO millionaire.   PK strives to be more like spotify or pandora in that analogy.     Both of which are idiotic names for internet music.

Fair enough. Could you please clarify max supply for me? Why does code say 1 trillion and it was either you or another dev that said its 10 billion?

[jerrimu]

Fair enough. Could you please clarify max supply for me? Why does code say 1 trillion and it was either you or another dev that said its 10 billion?

 
One trillion atomic units, 10bn pennykoin.

[legday]

Fair enough. Could you please clarify max supply for me? Why does code say 1 trillion and it was either you or another dev that said its 10 billion?

 
One trillion atomic units, 10bn pennykoin.

Name kinda makes sense now. Iota comes to mind. Anyway, can you tell me how this atomic unit is defined? because I don't see how it is stated in the code.

[legday]

Never mind. I figured it out. This is it right? - const uint64_t COIN= UINT64_C(100); // pow(10, 6)

[jerrimu]

Never mind. I figured it out. This is it right? - const uint64_t COIN= UINT64_C(100); // pow(10, 6)

in the config file yes, 2 places actually, that and the decimals variable

[cryptonote-social]

What's the status on ASIC-proofing?  Given Aeon/TRTL are the only coins I'm aware of on cn-lite/v1 it might be a good choice.   Would love to add you to our list of pools (https://cryptonote.social/) once the ASICs are gone.

[jerrimu]

What's the status on ASIC-proofing?  Given Aeon/TRTL are the only coins I'm aware of on cn-lite/v1 it might be a good choice.   Would love to add you to our list of pools (https://cryptonote.social/) once the ASICs are gone.

   Actually decided to go v7 for the moment for the sake of speed, happening at block 16000 so Fri or Sat.

[jerrimu]

Mandatory upgrade for $PK wallets for incoming hardfork (Fri or Sat)
 

https://github.com/Pennykoin/QTPenny/releases/tag/1.8.0
  

 You won't lose funds if you don't upgrade, but you can't move your money til you do.

[jerrimu]

Pennykoin and this ANN are now one month old!
 
http://pennykoin.com/2018/06/14/one-month-update/

[kobeotto]

Hello all... Is this coin dead ? i red for fork at block 16000 and no more...

[jerrimu]

Hello all... Is this coin dead ? i red for fork at block 16000 and no more...

  Hey friend!

 The fork went roughly and I will be rolling out a patch to get things moving tonight. 
Join our discord to get all the latest info!




sorry about that,

-jerry

[kobeotto]

Hello all... Is this coin dead ? i red for fork at block 16000 and no more...

  Hey friend!

 The fork went roughly and I will be rolling out a patch to get things moving tonight. 
Join our discord to get all the latest info!




sorry about that,

-jerry

that's right... even bcouse wallet didnt sync after 16k block and seems that now see 1/2 of coin.. i have backup.

Good JOB!!

[jerrimu]

 
   The fork to v7 is moving along now, the chain is accelerating and should be full speed in approx 48 hours.  So far   Getpool  and   Youpool have upgraded and are on the proper chain.   
 
   Once everything is going at the proper speed we will be listed on   Digitalprice Exchange .  I asked them to hold off a few days while the blockchain got back to normal.
 
   

[potapo]

Very good project I will explore the project before deciding whether to invest a small amount

Yes of course. Particularly worth considering projects in a very detailed way now. Their team, team, experience, idea and prospects. And it is very important what the terms of participation in the project.

[legday]

 
   The fork to v7 is moving along now, the chain is accelerating and should be full speed in approx 48 hours.  So far   Getpool  and   Youpool have upgraded and are on the proper chain.   
 
   Once everything is going at the proper speed we will be listed on   Digitalprice Exchange .  I asked them to hold off a few days while the blockchain got back to normal.
 
   

Nice to see pennykoin on some exchanges. I would also recommend Crex24. Very cheap to get listed there and pretty solid exchange https://coinmarketcap.com/exchanges/crex24/

[kobeotto]

Is the wallet syncronized?? the 1.8 version can't sync, transaction old from 171 hours..

[jerrimu]

Is the wallet syncronized?? the 1.8 version can't sync, transaction old from 171 hours..

 
You need 1.8.7    https://github.com/Pennykoin/QTPenny/releases/tag/1.8.7