[ANN][PRT] Particle | CPU/GPU, Fast, Easy Mine, * NO PREMINE * | Official Thread

[open82buy]

That's a work of art moonmoon. 

Are you planning to have shares sold for the exchange like some of the other exchanges have?  I have continually been impressed by your ideas and results so I think this is one I would actually want to invest in.

Thank you :-)

Just hold PRT.  Investor guide will explain.  ;-)

? Well ?

[gadado]

We are going to reinvent Particle as a Proof-of-Stake coin called Particle X.  This time I want to have the background and supporting materials ready to go before we pull the trigger, but here are some details:

Particle X will be a Proof of Stake coin with X11.  There will be a 2 week period of PoW mining before it becomes pure PoS.

I am leaning towards 250M total coins.  The coins will be split.  175M of Particle X coins will be mined and reserved for a coin swap for PRT (just like Saturncoin did, with an Exodus address that we can track and a script to automatically do the swap), at a 4:1 ratio.  The remainder will be PoW mined on the pool.    We could also consider doing half and half, with 350M total coins.

I think having another PoW phase is important to generate some publicity and community interest again and get the miner's more active.

Particle X will have a 5 minute PoS modifier interval and the same fast transaction processing that we enjoy with PRT today.

I am leaning towards 3%/year proof of stake but I am open to suggestions from you.

POS coins usually struggle to get and keep value.

The mining phase isn't just for distribution it's also there to get attraction to a coin and through this deserved value.
And that's the point particle failed too short.
The extrem fast mining reward decrease made it very quickly unintresting for all the miners.

A POS coin is even more extrem because it excludes the miners.

POS with quick POWs (1 Weeks or 2 weeks) are usually doomed. No one wants to trade or invest in something a few lucky ppl mined in that time. There are examples of such coins.

You see that the coins that gain value and momentum are usually those that have a pow that keeps mining intresting for a longer time.

So I am pesimistic here.

I think you can do as you have planed or let it be it wont change anything. Unfortunatly.

[publicjud]

Alright guys, I have to apologize for going "dark" again for the last week or two.  I had a problem with the provider for the pool server, I secured the server and in the process their monitoring tools can't connect - so what did it do?  It rebooted the server repeatedly.  So I have been working on repairing it and will get it up and going again shortly.  I have done some payouts over the past week but there are still a lot in the backlog, those will go out tonight.  Thank you for your exceptional patience! (and remember, I do these entirely manually by cutting and pasting from a bunch of Excel spreadsheets!)

In bigger news...

We are going to reinvent Particle as a Proof-of-Stake coin called Particle X.  This time I want to have the background and supporting materials ready to go before we pull the trigger, but here are some details:

Particle X will be a Proof of Stake coin with X11.  There will be a 2 week period of PoW mining before it becomes pure PoS.

I am leaning towards 250M total coins.  The coins will be split.  175M of Particle X coins will be mined and reserved for a coin swap for PRT (just like Saturncoin did, with an Exodus address that we can track and a script to automatically do the swap), at a 4:1 ratio.  The remainder will be PoW mined on the pool.    We could also consider doing half and half, with 350M total coins.

I think having another PoW phase is important to generate some publicity and community interest again and get the miner's more active.

Particle X will have a 5 minute PoS modifier interval and the same fast transaction processing that we enjoy with PRT today.

I am leaning towards 3%/year proof of stake but I am open to suggestions from you.

I'm working on a lot of stuff and it is a little overwhelming for one person, I will give it a few days before I finalize the code for PRTX and am happy to consider suggestions for the parameters.  What we want is a coin that is fast, attractive, with a good long term economic model, that builds value for the investors and doesn't erode it, and that I can use as a platform to build all of these great things on top of it like Particle Shares (yes, that site is complete and will go live with PRTX).

What does PRTX mean for the android wallet?  Proof of stake coins are hard to make android wallets for, I don't know of anyone who has completed one yet.  For mobile payments and integration with the payment service/Proof-of-Sale system I think we will have to go the online wallet route.  This is something we can leverage the exchange infrastructure, payment site, and PRT .Net code altogether to accelerate building it.  There are a couple of sites out there that provide this service as well that we can look into getting added to.

For the PRTX Qt wallet I have taken Snotty's design from the .Net wallet and tried to implement that look and feel as best as I could.  It will be very nice.

There is something else out of left field I think we should look into - a high end casino for PRTX.  Not a rinky dink script, but a really nice one with international translations.  If anyone knows of any resources for this please pass the info along.

So let me get the pool server sorted out and the payouts out.  Mine as many PRT as you can, you're going to want to be holding onto them to swap out.  And then I will get all of the materials together and published for PRTX.

I am open to any suggestions on the PRTX parameters.  China is our biggest market and userbase, so any feedback on what configuration would be most attractive would be very helpful.

finally taking my suggestion from months ago.  Thanks.  I'll get behind this coin again if we go PoS  Anywhere between 2 and 5% a year sounds good to me.

[Ayle56]

+ 100

I have quite a few PRT on various exchanges and my wallet, and I don't check these forums all too often. I guess I would be one of those recreational investors. In fact I just made a bitcointalk account today, and I randomly decided to read this thread. So as an investor I could have easily missed this announcement and all my coins would have gone to waste. I am a huge fan of this coin and wallet, and perhaps upgrading to PRT X is a nice idea, but it sure is unfair to give investors a deadline to swap coins. I am sure many more investors are in my shoes (not very active in these forums and don't stay tuned to crypto news on a daily basis or weekly basis) and would just feel screwed over in the end. Also, how would we swap our coins? Through exchanges? Excuse my newbness.

I think the concern was over how open ended it would be.  The swap is done by sending your PRT to a special PRT exodus address.  A script then sends PRTX back to your PRTX address.  Have to write up all the details, but essentially your address stays the same, you export/import your private key from old to new and we run a bot that does the swap.  On the one hand having a deadline would make sure unclaimed coins aren't just sitting out there forever, on the other it is an issue for folks who are long term holding and don't check up on news or run the wallet very often so they might miss a broadcast message.  The Exodus addresses will be public and trackable so I don't think we have to worry about unclaimed coins disappearing into the ether.  I think we will be able to do this pretty smoothly.

Any idea on an ETA for the swap?

[Zebedee23]

Market reacting very badly 2 all this

[vsmamm]

my heart will be broken if you do as your plan, i think the long term investors will be broken too. the price fell quickly.

[cryptoholic11]

following CAIShen --> CAIX blueprint? A lot of investors are pissed because they missed the deadline to swap coins. Hope it doesnt happen to PRT. CAIx seems to be doing well though.

[yoo10]

The market give a disappointed signal.

Moonmoon, you are really a skillful developer. But half a year goes away, look at what we have around.

Release wallet? nope, we do not even talk about it. The apps, technology, never mind, Bazinga.

Forum? no one care

multipool http://particle.shockpools.com/ ? can not access now.

Pos? X11?why not we think about Anonymous Transactions? It's really really hot, hurry up  
Maybe X12, XMan will be released tomorrow.

The price? Even the same with the initial period.

It's just a dump&bump game, the same with other coins.

Yep, you work alone, the community help u little because of high code skill require and the wallet isnot a open source project. But Nxt Nas?
You always disappear, you have a familly and work too. I respect you.

But, this is prt.  hehe.
Yes, I'm a baby investor, sorry for what i said. Do ingore them.

[manfeel]

what happen ? oh my god.hold your prt.there some big name bisness

[wowprt]

Hi, moonmoon , I got some feedback from some PRT holders .
250M total coins.  The coins will be split.  175M of Particle X coins will be mined and reserved for a coin swap for PRT at a 4:1 ratio .
The remainder 75M will be PoW mined on the pool.There will be a 2 week period of PoW mining before it becomes pure PoS. ---- For that , somebody think ,
1. 75M coins will be go to the miners in two weeks , It's not fair for the current PRT holders they spended money to buy .
2. the miners will dump their huge PRTX very quickly , that's will cause the price down a lot .

Someone  suggest : The PRTX go POS directly , no POW mined . ALL the new PRTX go to the PRT holders , This is simple way .
If the miners is necessary , please adjust the distribution ratio. protect the PRT holders profits . 75M will be to the miners in two weeks is too huge

I agree with u. So many coins are created in two weeks really hurts the long-term investers.

It's not my suggestion , It's from other holders ,
I personally agree of changing the PRT to PRTX ,  because it can do some projects on X11 , Pos . we need action fast !
there are some dump on bter , the price got down , moonmoon , at this time , you should come here and lead what we will go .

[make91526]

what happen ? oh my god.hold your prt.there some big name bisness

oh my god.    hold your prt?  We don't need the miners.We need a new wallet. We need POS.

[badchild]

The market give a disappointed signal.

Moonmoon, you are really a skillful developer. But half a year goes away, look at what we have around.

Release wallet? nope, we do not even talk about it. The apps, technology, never mind, Bazinga.

Forum? no one care

multipool http://particle.shockpools.com/ ? can not access now.

Pos? X11?why not we think about Anonymous Transactions? It's really really hot, hurry up  
Maybe X12, XMan will be released tomorrow.

The price? Even the same with the initial period.

It's just a dump&bump game, the same with other coins.

Yep, you work alone, the community help u little because of high code skill require and the wallet isnot a open source project. But Nxt Nas?
You always disappear, you have a familly and work too. I respect you.

But, this is prt.  hehe.
Yes, I'm a baby investor, sorry for what i said. Do ingore them.

well said!
The really hot thing now is anonymous transactions, not x11, not pos.
If u want to catch the big whale, hurry up.
So what about your initial plan, moonmoon. Your exchange, your pos system?  Always Be One Step Ahead Of The Game is the key

[nikehua]

Particle community calling Moonmoon，where are you?

[manfeel]

Particle community calling Moonmoon，where are you?

i think he is here ,coding and coding.

[manfeel]

moon,come on,we all come on.big exchange are waiting for PRT.

[yoo10]

Particle community calling Moonmoon，where are you?

i think he is here ,coding and coding.

I do not think so, he is an expert, but output is so little.

wallet, not release. exchange, not release, multipool is clone from github, can not access now.
prt was born in 2013.12.31, today is 2014.5.26.

So, man, come out and kick my ass to prove i was wrong.

[manfeel]

Particle community calling Moonmoon，where are you?

i think he is here ,coding and coding.

I do not think so, he is an expert, but output is so little.

wallet, not release. exchange, not release, multipool is clone from github, can not access now.
prt was born in 2013.12.31, today is 2014.5.26.

So, man, come out and kick my ass to prove i was wrong.

maybe,so moon give us something to FUCK him ass.

[yoo10]

When will we enjoy the new PRT multipool? Can't wait! My new PC has got ready to rock!

I am finishing the exchange code today.  Over the weekend I will finalize the android wallet, test the exchange, and build the multipool server probably on Sunday.

Rough order of events that is coming:

1. Exchange beta is released
2. Android wallet is released
3. Multipool comes online
4. Updated QT Wallet release
5. Website is updated with a nicer landing page
6. Particle Shares program website comes online
7. Point of Sale system development roadmap and release plan finalized
8. Point of Sale system website/landing page comes online

I am going to take a page from Blackcoin and put together a nice monthly investors guide.  The first one will explain how all of this plugs together and how the dividends are going to work - and supply buy pressure similar to how the multipool will supply buy pressure.  I will drop it along with a video next week.

Review this, posted in 4.25.

Sorry, Vented out, Goodbye everyone, i am quit.

[manfeel]

When will we enjoy the new PRT multipool? Can't wait! My new PC has got ready to rock!

I am finishing the exchange code today.  Over the weekend I will finalize the android wallet, test the exchange, and build the multipool server probably on Sunday.

Rough order of events that is coming:

1. Exchange beta is released
2. Android wallet is released
3. Multipool comes online
4. Updated QT Wallet release
5. Website is updated with a nicer landing page
6. Particle Shares program website comes online
7. Point of Sale system development roadmap and release plan finalized
8. Point of Sale system website/landing page comes online

I am going to take a page from Blackcoin and put together a nice monthly investors guide.  The first one will explain how all of this plugs together and how the dividends are going to work - and supply buy pressure similar to how the multipool will supply buy pressure.  I will drop it along with a video next week.

Review this, posted in 4.25.

Sorry, Vented out, Goodbye everyone, i am quit.

you are a  good man.
moon ,please come out to say someting.
we  need you to lead us.

[open82buy]

We need you to come and look out for the long term holders/investors