[ANN] #coin

[elrugrim]

Some thoughts on the premine-

Ignore the people who go "Zomg- premine, never work, failure"  If one wants to look at it that way, when btc was new and only a tiny group knew about it at first, they got a premine with difficulty changes that were much slower then newer coins go though. 

Lower % premine is better, coin dev's deserve their own -modest- share of coin.     Review digibyte's premine giveaway, very transparent and open with how they gave away coins, its a good model, however, maybe space your giveaway's/ammounts out, and lower then, I think they went through approx 75% of their giveaway fund in first week alone.

[suncoastbuddy]

If it is scrypt Jane does that mean we will be able to use the qqcoin miner?

What is the pos rate going to be?

[StewartJ]

Since this coin is all about the hash tag, how about building an app that sends a hash tag coin transaction via twitter?

Just thinking outside the box here...

[coinpr0n]

Since this coin is all about the hash tag, how about building an app that sends a hash tag coin transaction via twitter?

Just thinking outside the box here...

Actually... I could see how ideas like this, along these lines, could work. Linking into APIs. Interesting...

[Del137]

Interesting idea, no so comfortable name, though, but it has its pluses, it will be first in exchanges name tables LOL  

[xinyichao]

premine 1%~2%? 

i can tell you most of miners will say "scamer" after luanch, believe it or not~~
you know  how many miners and how much time all miner used can get 2% of the coin??

premine 0.1%~0.5% will be accepted

[StewartJ]

premine 1%~2%? 

i can tell you most of miners will say "scamer" after luanch, believe it or not~~
you know  how many miners and how much time all miner used can get 2% of the coin??

premine 0.1%~0.5% will be accepted

The Developer is creating an IPO to raise funds for everyone participate in, to help fund coin development.

That is going to require a pre-mine for the IPO funding. 1% seems reasonable for limited quantity of 50 million coins.

[hashtagcoin]

NEW Bounty

URGENTLY required. We are aiming for a good launch first off. We need someone with either working experience or extensive technical understanding of security issues that could affect our coin, e.g forking, how to protect nodes from DDOS, how to discourage miningpools, and provide ways we can prevent or solve them should they arise. Please PM me if you think you could be of assistance.

Note: you must be able to advise on the remedies and not just point out the problems. We are looking for all bases to be covered not some of them so please bear this in mind. Renumeration will be in #coin.

Quick Update:
Thanks for your continued support guys. Your feed-back has been noted and will be responded to. I have had a hectic week with a few things in my real-life. Travelled interstate, had my B'day and worst to come we have a long weekend coming up.

Bounty payouts: Will be announced on Friday. Guy's thanks for all the new ideas. Realistically they will be considered after launch once the coin has its legs. But some really good ideas and I will respond to everyone personally.

All the concerns about premine have also been noted and I will get back to everyone on Friday for a more detailed discussion to figure out something fair we can all agree on.

cheers

[hashtagcoin]

Thoughts on premining

As a rough guide and for discussion Here was what I had in mind.


0.5-1% premine - (250-500K#coins).

Divided

55%(137-225k) for ongoing development and promotion (Budgeted for over 5 years)

15% (37-75K) Giveaways over 3 months
22.5% (54-107K) IPO
7.5% (16-32K) Fees over the life of the coin.

All expenditure will be available on a public ledger.

Feed-back welcome. I'll also take a vote on 0.5% or 1%.


EDIT: Correction 22.5% should be 54k-107k not 37k-75k as originally stated.

[hashtagcoin]

Thoughts on IPO


107k#coins released as 107x 1,000 coin bundles (half this if 0.5% decided on). Max 50 million ever in circulation.

Suggestions welcome for the starting price in BTC for a 1,000 bundle block of #coin.

Note that it will take around 4 days for the miners to mine this amount of coin.



Where will this money go? This will be invested back into promotional services. We are pushing to get publicised outside the Crypto-community and have engaged 2 agencies for this.

Edit: Correction should read 107K#coins and not 75k.
Correction - 10,512,000 coins will be mined in the first year. It will take around 4 days not 4 months to mine 107K #coins.

[maco]

Thoughts on premining

As a rough guide and for discussion Here was what I had in mind.


0.5-1% premine - (250-500K#coins).

Divided

55%(137-1275k) for ongoing development and promotion (Budgeted for over 5 years)

15% (37-75K) Giveaways over 3 months
22.5% (37-75K) IPO
7.5% (16-32K) Fees over the life of the coin.

All expenditure will be available on a public ledger.

Feed-back welcome. I'll also take a vote on 0.5% or 1%.

I say this is fair especially when op is clearly transparent and open to suggestions. I think this would be required to stimulate the economy and motivate the developers. A lot of people don't know what goes into the job of a team launching a new coin. In general for all new coin launches, I don't agree with massive amounts of premine/instamining due to possibilities of large dumps from the team and manipulation possibilities.  This is a pretty fair premine launch discussion.  You have my approval..  I would like to contribute and collaborate with the IPO, I want to be a stakeholder... how do I do that?

[hashtagcoin]

Thoughts on premining

As a rough guide and for discussion Here was what I had in mind.


0.5-1% premine - (250-500K#coins).

Divided

55%(137-1275k) for ongoing development and promotion (Budgeted for over 5 years)

15% (37-75K) Giveaways over 3 months
22.5% (37-75K) IPO
7.5% (16-32K) Fees over the life of the coin.

All expenditure will be available on a public ledger.

Feed-back welcome. I'll also take a vote on 0.5% or 1%.

I say this is fair especially when op is clearly transparent and open to suggestions. I think this would be required to stimulate the economy and motivate the developers. A lot of people don't know what goes into the job of a team launching a new coin. In general for all new coin launches, I don't agree with massive amounts of premine/instamining due to possibilities of large dumps from the team and manipulation possibilities.  This is a pretty fair premine launch discussion.  You have my approval..  I would like to contribute and collaborate with the IPO, I want to be a stakeholder... how do I do that?

Hi Maco,

Thanks for your early support and your kind feed-back. I've booked you a spot on the IPO and will keep you updated in PM as it matures.

Edit: Please note the corrections in the above quote.
-Correction 22.5% of 250k-500k should be 54k-107k not 37k-75k as originally stated.
-Consequently the IPO should read 107K#coins and not 75k (53k if 0.5% premine).

[xazure]

If #coin uses Scrypt-Jane, is there a GPU miner when launch # coin? We all know that GPU miner is much more powerful than CPU miner in early days.

[Bames Jond]

Can the Dev give a Release time. Also timezone.

[StewartJ]

Thoughts on premining

As a rough guide and for discussion Here was what I had in mind.


0.5-1% premine - (250-500K#coins).

Divided

55%(137-1275k) for ongoing development and promotion (Budgeted for over 5 years)

15% (37-75K) Giveaways over 3 months
22.5% (37-75K) IPO
7.5% (16-32K) Fees over the life of the coin.

All expenditure will be available on a public ledger.

Feed-back welcome. I'll also take a vote on 0.5% or 1%.

I say this is fair especially when op is clearly transparent and open to suggestions. I think this would be required to stimulate the economy and motivate the developers. A lot of people don't know what goes into the job of a team launching a new coin. In general for all new coin launches, I don't agree with massive amounts of premine/instamining due to possibilities of large dumps from the team and manipulation possibilities.  This is a pretty fair premine launch discussion.  You have my approval..  I would like to contribute and collaborate with the IPO, I want to be a stakeholder... how do I do that?

As per Maco, please put me down for an IPO stake as well.

I am very excited about this coins potential.

Thanks!
Stewart

 

[mycointr]

Thoughts on premining

As a rough guide and for discussion Here was what I had in mind.


0.5-1% premine - (250-500K#coins).

Divided

55%(137-225k) for ongoing development and promotion (Budgeted for over 5 years)

15% (37-75K) Giveaways over 3 months
22.5% (54-107K) IPO
7.5% (16-32K) Fees over the life of the coin.

All expenditure will be available on a public ledger.

Feed-back welcome. I'll also take a vote on 0.5% or 1%.


EDIT: Correction 22.5% should be 54k-107k not 37k-75k as originally stated.

why don't you be honest to people and write there, most of the premined coins are for your lambo. dreams?
won't argue on all of dividents but...
.
7.5% (16-32K) Fees over the life of the coin...

this is bull*.

fees - expences for hosting-nodes ext. will have same value. they wont change with your premine %...

[atleticofa]

I think this is too much

55%(137-225k) for ongoing development and promotion (Budgeted for over 5 years)

[StewartJ]

I see some concerns for the amount of the pre-mine for the coin's development.

The Dev has mentioned there would be a public ledger for all the coin expenses.

As time goes on, we will get to see the breakdown of expenses, development, promotions and other costs, which will
be a refreshing change versus the other alt coins that are very mysterious about their pre-mines.

For me, that fact alone makes this coin very attractive for investing in.

My 2 Hash Tags...

[Cloudpost]

Please, I'd love to see a scrypt-jane!!!

Also do lower premine, it will help the coin a lot!!!

[hashtagcoin]

Important Notice

The launch date has been moved from 25th Jan by 1 week to 1st Feb 2014.

** The launch date has been postponed for 1 week. Its the long weekend in Australia and I won't have my other 2 colleagues here to assist with the launch as they will be on holiday. I also want to run the IPO properly so having more time will be beneficial.

Have patience the wait will be worth it.