[ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014

[Mooncoin_Foundation]

Edit: outdated information.

[Mooncoin_Foundation]

a LIKE command of Moonlite decentrlalised OS is already described in
Moonlite commandline usage examples.
https://bitcointalk.org/index.php?topic=389403.msg14792483#msg14792483

and you are welcome to try it.

Edit: the information above is outdated.

[Mooncoin_Foundation]

For example, let's try now to get a current rate of DOGE.
Edit: in the advanced upcoming version of Moonlite market data will be extracted from several independent and trustable sources to prevent any significant deviation in market data, and if market data cannot be exctracted (for example, DDOS attacks simultaneously against all exchanges from which market data is being extracted) in this case your command simply will not be processed.

Edit: the information above and below is outdated.

[Mooncoin_Foundation]

When the command is processed, the result is available at Moonlite block explorer,
which is currenty available at http://mooncoin.com/unixtime_which_you_input_in_your_command.txt
Later people will be able to run their own block explorers.

The output (result) for the command above has been already automatically created and is available at http://mooncoin.com/1463578952.txt.
which indicates that a current SMART LIKES rate for DOGE is 0.00000050.

Edit: note: that doesn't mean that you can get 1 DOGE for 0.00000050 moonlite,
that means only that you can make 1 DOGE smart like with 0.00000050 moonlite.

Edit:
In fact for any crypto a SMART LIKES rate is equal to its BTC market rate, to make it easy to understand and to calculate.
for BTCUSD or LTCUSD a SMART LIKES rate is equal to their dollar market rate, again to keep it simple.
Thus, LTCUSD and LTC smart likes are different likes, and you are not able to trade or exchange them, only LIKE and UNLIKE each of them separately.

SMART LIKES is a completely new thing and the SMART LIKES rate only indicates how many moonlite you will "mine" or "burn" depending on how smart your likes are, how successful your predictions are. The information about how many SMART LIKES you have made is being kept in a public register and you can always check it with a command mlbalance, it will indicate not only your moonlite balance, but also your SMART LIKES if you have made them.

Edit: in an advanced upcoming version of Moonlite you may like or unlike any web page and to benefit from your likes.

[Abiky]

When the command is processed, the result is available at Moonlite block explorer,
which is currenty available at http://mooncoin.com/unixtime_which_you_input_in_your_command.txt
Later people will be able to run their own block explorers.

The output (result) for the command above has been already automatically created and is available at http://mooncoin.com/1463578952.txt.
which indicates that a current SMART LIKES rate for DOGE is 0.00000050.

Edit: note: that doesn't mean that you can get 1 DOGE for 0.00000050 moonlite,
that means only that you can make 1 DOGE smart like with 0.00000050 moonlite.

Edit:
In fact for any crypto a SMART LIKES rate is equal to its BTC market rate, to make it easy to understand and to calculate.
for BTCUSD or LTCUSD a SMART LIKES rate is equal to their dollar market rate, again to keep it simple.
Thus, LTCUSD and LTC smart likes are different likes, and you are not able to trade or exchange them, only LIKE and UNLIKE each of them separately.

SMART LIKES is a completely new thing and the SMART LIKES rate only indicates how many moonlite you will "mine" or "burn" depending on how smart your likes are, how successful your predictions are. The information about how many SMART LIKES you have made is being kept in a public register and you can always check it with a command mlbalance, it will indicate not only your moonlite balance, but also your SMART LIKES if you have made them.

I've read your previous posts about Moonlite and it looks very useful. Still, I need some more time to get a better understanding of it, but as far I've read, it could have a really strong potential. This would be even better if it could be implemented into a mobile app for Android/iOS for peace of mind and user friendliness. Something like a GUI, instead of using commands would be really helpful. Just my suggestions. 

P.S I'd bet that soon MOON prices will reach at least the $0.01 mark. That is my goal and that's why I keep buying and holding it. 

[Mooncoin_Foundation]

P.S I'd bet that soon MOON prices will reach at least the $0.01 mark. That is my goal and that's why I keep buying and holding it.  

No, Abiky, that's impossible to reach $0.01 SOON.
A price of $0.01 would provide a market cap of more than $2 billion and it's quite impossible,
and that would be unfair, because first adopters would become too rich.

Monopolies are bad for any economy, and let's hope that MOON will be one of market players with a market cap of $1 million - $50 million in the near future.
A real goal is the best approach.

[Mooncoin_Foundation]

I've read your previous posts about Moonlite and it looks very useful. Still, I need some more time to get a better understanding of it, but as far I've read, it could have a really strong potential. This would be even better if it could be implemented into a mobile app for Android/iOS for peace of mind and user friendliness. Something like a GUI, instead of using commands would be really helpful. Just my suggestions.  

An important idea of Moonlite (not the most important though, but anyway) is to allow users to input commands at forum and on their websites.
The point is transparency and no need of additional soft.
Why do you need a mobile app for Android/iOS if you can simply log in with your iPhone or Android and input commands?

More friendly graphical user interface could always be implemented later, but commands anyway have to appear transparently, and have to be able to be seen by anyone.

Now it's testing only, anyone is welcome to share thoughts, ideas, suggestions.
In the upcoming version of Moonlite there will be some new commands that will add cryptographic proof-based features and will allow to record data and to keep it forever ( a verifiable record of data), also one of challenges is to protect users against deleting or editing posts with commands or other intentional efforts to attack ML, it takes some time to implement the defense and to add new commands, it is in progress.

If any developer would like to contribute to the decentralized development, please contact us.
Also MOON is ready to support any time-tested, well-known and fair coin even if it is being bashed now.

Independent "altcoin republics" are better than "one single coin empire", be it any coin.
Monopolies lead to unfair competition, when one competitor or group of competitors harm another in the field, and there is usually antitrust law, a collection of laws that regulates that, to promote fair competition. Time will tell, maybe there will be a kind of competition law in crypto economy.

[Zeta0S]

P.S I'd bet that soon MOON prices will reach at least the $0.01 mark. That is my goal and that's why I keep buying and holding it.  

No, Abiky, that's impossible to reach $0.01 SOON.
A price of $0.01 would provide a market cap of more than $2 billion and it's quite impossible,
and that would be unfair, because first adopters would become too rich.

Monopolies are bad for any economy, and let's hope that MOON will be one of market players with a market cap of $1 million - $50 million in the near future.
A real goal is the best approach.

Monopolies are bad for any economy, yes and no.

(Thinking out loud)
In the mooncoin case in short term the awnser is maybe no.
If i dump all my mooncoins for doge the moon price will go to near to 0.
It will take some time recover from that, also i would do it is phases, bringing moon down for a longer period of time.

How ever it would be better if all my moon had other owners, i mean a lot of other owners, that would increase user penetration, thats a good thing.

off-topic: MOON is a coin thats in crypto terms pretty old, it will not go away, the price can not go much lower in btc terms.  In moon/doge
maybe.
Some bigger stakeholders are collectors, there mission is to collect so manny moon as possible. keeping it out of rotation. That`s a good thing in my book.

[agswinner]

P.S I'd bet that soon MOON prices will reach at least the $0.01 mark. That is my goal and that's why I keep buying and holding it.  

No, Abiky, that's impossible to reach $0.01 SOON.
A price of $0.01 would provide a market cap of more than $2 billion and it's quite impossible,
and that would be unfair, because first adopters would become too rich.

Monopolies are bad for any economy, and let's hope that MOON will be one of market players with a market cap of $1 million - $50 million in the near future.
A real goal is the best approach.

Monopolies are bad for any economy, yes and no.

(Thinking out loud)
In the mooncoin case in short term the awnser is maybe no.
If i dump all my mooncoins for doge the moon price will go to near to 0.
It will take some time recover from that, also i would do it is phases, bringing moon down for a longer period of time.

How ever it would be better if all my moon had other owners, i mean a lot of other owners, that would increase user penetration, thats a good thing.

off-topic: MOON is a coin thats in crypto terms pretty old, it will not go away, the price can not go much lower in btc terms.  In moon/doge
maybe.
Some bigger stakeholders are collectors, there mission is to collect so manny moon as possible. keeping it out of rotation. That`s a good thing in my book.

I think there are high chances that moon reaches at least 10mln capitalization . Remember that moon was abandoned for its excessive number (vs Bitcoin) Idem fedoracoin is an "abbandoned coin" but with 423bln total supply now, where is in the ranking mkt cap? Number 7  
In comparison the price of moon would be 0.000073$
Now moon value is 0,000001 strongly undestimated Coin ....

[arcanaaerobics]

A very limited supply like Palcoin and a too abandant supply are both hurtful for any coin, the market is always right as it estimates the value in the eyes of the users not what some people think it should be.
Many coins say they have innovative features that will fix what is broken in Bitcoin, but they never reach the value they think they provide in the eyes of the users.

[Mooncoin_Foundation]

The market is right a) when it is really the market with a good liquidity b) it is right over long term, in short term even the price of Bitcoin can be dumped dramatically (and that really happened on btc-e or on mtgox).

Mooncoin market is:
1. Some miners who sell like zombies for any price available, who have no imagination and believe that 0.01 BTC they get is a lot.
2. Mooncoin holders who already have a lot of Mooncoins and are not ready to buy more until prices are low.
3. Potential Mooncoin investors:
3.1. newbies who currently know nothing about Mooncoin, who haven't even heard of it.
3.2. experienced investors who forgot MOON, thinking it was abandoned in 2014.

4. Remove -DOGE or -LTC based markets and you will see that people will buy for BTC and the market will be right again.


Yes, any large holder could dump MOON on not liquid markets, but also the opposite is true: any large investor could make its price much higher.
Imagine you need to buy 3-5 bil Mooncoins now. Where will be a price then?

We should not focus our attention on price now, but on what we all can do to make MOON really interesting to use it on a daily basis.

Edit: then there will be more investors:
3.3. users (companies or individuals) who will use MOON features on a daily basis.
3.4. venture investors.

BTC, ETH are great coins (not completely fair though), but there is also a room for another coin. Large coins need fees, because their networks cannot handle a lot of processes without some limitations (fees, etc), while coins which are more compact have an advantage: they can give potential customers a cheaper solution, with no fees, and there are some other advantages.

Google, Apple, IBM are great, but there are also a lot of companies  http://www.google.com/finance#stockscreener and how many of them have a market cap larger than $1 Billion? The company #1000 in a rank has a market cap about $ 17 Billion.

[Mooncoin_Foundation]

A very limited supply like Palcoin and a too abandant supply are both hurtful for any coin

The supply of MOON is one of its advantages in fact.
It makes MOON an interesting gift: you could make someone a millionaire or even a billionaire with Mooncoins.
A myth about technical limitations of large numbers is just another myth: Mooncoin has processed more than 1.5 million transactions since 2013, and everything works just fine.
Also its price format is great for micropayments.

[Abiky]

P.S I'd bet that soon MOON prices will reach at least the $0.01 mark. That is my goal and that's why I keep buying and holding it.  

No, Abiky, that's impossible to reach $0.01 SOON.
A price of $0.01 would provide a market cap of more than $2 billion and it's quite impossible,
and that would be unfair, because first adopters would become too rich.

Monopolies are bad for any economy, and let's hope that MOON will be one of market players with a market cap of $1 million - $50 million in the near future.
A real goal is the best approach.

You've got a point there, but I am just being too optimistic. One of the things that might prevent MOON from reaching this price would be its total supply. Having too much of a resource or commodity usually makes it less valuable, while on the contrary the more rare it is the more valuable it will turn out to be. Still, anything could happen in crypto land so it would be wise to hold some coins just in case. I want to become a mooncoinaire soon 

[Mooncoin_Foundation]

Thank you for your comments,
regarding total supply: a well-known 42coin would be the most valuable coin if "the more rare the more valuable", but it is not so.
You probably meant inflation or unlimited supply, or anything else that dilutes value of something.

Mooncoin has some inflation certainly, as people mine new coins, it's about 5% annually,
while some other well-known coins have an inflation of 15% or more.
Dogecoin has the same inflation of about 5%, but unlimited supply (they have changed its supply just like many other "decentralized" coins changed their rules or are going to change them), and proof-of-stake coins have unlimited total supply, of course,
as for Mooncoin - an original dev told us:

With over 384 billion MOON available, there is one coin for each millimeter of distance from the Earth to the Moon!

and

Max coins: 384,400,000,000 MOON (yes, billion!)

[Abiky]

Thank you for your comments,
regarding total supply: a well-known 42coin would be the most valuable coin if "the more rare the more valuable", but it is not so.
You probably meant inflation or unlimited supply, or anything else that dilutes value of something.

Mooncoin has some inflation certainly, as people mine new coins, it's about 5% annually,
while some other well-known coins have an inflation of 15% or more.
Dogecoin has the same inflation of about 5%, but unlimited supply (they have changed its supply just like many other "decentralized" coins changed their rules or are going to change them), and proof-of-stake coins have unlimited total supply, of course,
as for Mooncoin - an original dev told us:

With over 384 billion MOON available, there is one coin for each millimeter of distance from the Earth to the Moon!

and

Max coins: 384,400,000,000 MOON (yes, billion!)

Good to know about this. Having a total supply of a billion Mooncoins, means that there is plenty for everyone to get their share and keep mining it for long term. And yes, I've realized that there are coins with less supply but they aren't that valuable at all. But its good to know these facts to have a better understanding of the cryptos in the market. Mimicking is really fun to mine and use 

[agswinner]

Mooncoin (MOON) has been added to @Cointopay online wallet, System crypto payment #altcoin #cryptocurency

https://cointopay.com/index.jsp

 

[Mooncoin_Foundation]

The Moonlite Test Version description

What is Moonlite?
Moonlite is a decentralized operating system, based on Mooncoin blockchain, that runs SMART LIKES.
Users input commands at forum or on their websites, a Moonlite web crawler recognizes commands and processes them automatically.
An Unix Timestamp is being used to avoid double executing.

How Smart Likes work?
Do you like any project that contributes to scientific or social progress? You are able to "like" it with your moonlite and benefit from it, if other users "like" it, too. 1% of moonlite, with which you like a project, is donated automatically to a project you like. Since that moment only admins of the project (even if it is NASA) have an access to moonlite which you have donated to them, and they can use it as soon as they create a file mlsend.txt with a proper Moonlite command in a root directory of their project. But you are able to unlike a project whenever you want and to get your moonlite back (except 1% donated to a project) at a current rate (a smart likes rate) of the project you want to unlike. The rate depends on how many users like this project.

What is moonlite?
Moonlite bonuses (or moonlite, or briefly ML) is what you need as a necessary element for operating the Moonlite platform.
Every Moonlite bonus (or moonlite) is an intangible thing. It is a "like", an approval, a favor, a good wish, which you can send to a project or to an asset, which you like.

What do I need to start using Moonlite?
To input a command in your new post at Bitcointalk (as currently it is the official forum of Mooncoin users).
 
Is it safe?
Yes. You don't need to install any additional soft. Moonlite is not for sale, you cannot buy it. It is a safe mode now, a test period.

Edit: the information above is OUTDATED.

[okane]

@Mooncoin_Foundation Does anyone have access to modify the Original Post and Forum Title?  with MoonLite progressing it would be good to have an updated OP and title?  Or consider opening another thread?

[Mooncoin_Foundation]

@Mooncoin_Foundation Does anyone have access to modify the Original Post and Forum Title?  with MoonLite progressing it would be good to have an updated OP and title?  Or consider opening another thread?

No, an original dev is not in Foundation. We knew nothing about what happened to him. He had disappeared suddenly after reporting health problems in 2014.

Also we are not yet an established organization, some plans about registering in Italy, but no ETA yet. We were thinking this March about meeting offline at conference somewhere in Europe, but some members have voted against it. In fact we are just MOON investors,  every member of Foundation has more than 1 Billion of Mooncoins, many coins are at Cryptsy though, so we are trying to unite people to protect their rights and to help MOON, also to contribute to social and scientific progress a little (or maybe a lot - in future, who knows!) with a Mooncoin/Moonlite project, also we share philosophy of decentralization.

We discuss some questions via PMs, but everything important is appearing here, so no any "shady" discussions or making decisions, it's hard to believe maybe, but on here really YOU decide everything, you, who post here and own Mooncoins, if the most of Moonies say no Moonlite, there will be no Moonlite (as everything with truly decentralised nature depends on common people, if they don't use it, even a good idea will not work), if you say let's start a new thread, we will start a new thread (but first need to complete some Moonlite features). In June maybe, if people agree.

Edit: devs, any talented persons are welcome to come together and to consolidate their efforts, to take MOON to its full potential.
It's fair, it's not money oriented, it's a long term project.

[Mooncoin_Foundation]

Here is an interesting detailed independent investigation http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins into fairness of distribution/mining of many well-known coins.

The author says regarding Mooncoin: "This isn't a sneaky or hidden fastmine". At the same time he indicates that:
"The first reward halving goes from 2,000,000 for the first 100,000 blocks to 1,000,000 up to block 200,000. After that, the block reward begins to halve faster; at block 250,000 (600K Mooncoin), then block 300,000 (350K Mooncoin) and block 350,000 (175K Mooncoin). This shortens the block generation period in half, which quickens the rate of coin generation to a smaller amount. This process accelerates as block 375,000 ends a quick 25,000 block generation period of 100K Mooncoin. A mere 9,000 blocks, up to 384,000 blocks, brings about another block halving to 50K Mooncoin. After this, the rest of the coin generation is a tepid 29,531 Mooncoins per block.
Bitcoin's block halving is simple and slow. From 50 BTC per block, to 25 BTC, to 12.5 BTC, and to 6.25 BTC per block over 16 years. Mooncoin was started on December 30th, 2013. My March 26th there were 58 billion Mooncoin, which was about 15% of the total expected production. By May, there were 98 billion Mooncoins in existence, representing 25% of the total expected production".

There are also very interesting facts about Nxt, Dash (formerly Darkcoin) and other famous coins in the investigation. And it's interesting what would the author say about ICO coins which are popular these days?