[ANN] FoxCoin - A Fully Dynamic Cyptocurrency [DYING]

[utf_tg]

What do you guys think about removing the hard cap of coins for FoxCoin?

The one thing that sets it apart from all the other altcoins..?

[AnonyFox]

What do you guys think about removing the hard cap of coins for FoxCoin?

The one thing that sets it apart from all the other altcoins..?

I guess? But I need feedback on the idea before I do/do not implement it.

[utf_tg]

The one thing that sets it apart from all the other altcoins..?

I guess? But I need feedback on the idea before I do/do not implement it.

The good thing about this coin is that the whales don't like it the way it is because of the hard cap.
So now you can get a steadily growing community of little fish..

[anubis76x]

Morehash could u unblock my account anubis76x? From Friday I cant log on where I have my coins.

Unlocked. Please try again.

Morehash I tried to log on but system dosnt accept new and old pasword. Could you do something ? My account is blocked again  

[BitHost]

plz document for all what you did to make it compile?

I did not save exact command log, but from what i remember:

DEBIAN

Linux srv2 2.6.32-042stab084.14 #1 SMP Mon Dec 16 18:16:56 MSK 2013 x86_64 GNU/Linux

Code:

sudo apt-get install build-essential libssl-dev libdb5.1++-dev libboost-all-dev libqrencode-dev libminiupnpc-dev
git clone https://github.com/CoinFox/FoxCoin
cd FoxCoin
chmod +x share/genbuild.sh
cd src/
mkdir obj

Now, before compiling i edited file bitcoinrpc.cpp and commented out most of the code around lines 2902 and 2920. Basically what i did there is remove code that tries to create IPV4 AND IPV6 sockets. My virtual server had no IPV6 and with this code the daemon was just crashing.

Code:

make -f makefile.unix USE_UPNP=0 USE_IPV6=0 USE_QRCODE=0

CENTOS

On CentOs it was quite complicated to install all needed libraries, i got to the point where i could actually compile the deamon, but could not run it because of the IPV6 thing and at this point i don't know if code stripping would have helped.

[Warning__3]

The one thing that sets it apart from all the other altcoins..?

I guess? But I need feedback on the idea before I do/do not implement it.

The good thing about this coin is that the whales don't like it the way it is because of the hard cap.
So now you can get a steadily growing community of little fish..

i don't see any problem with it

[sakkosekk]

The one thing that sets it apart from all the other altcoins..?

I guess? But I need feedback on the idea before I do/do not implement it.

The good thing about this coin is that the whales don't like it the way it is because of the hard cap.
So now you can get a steadily growing community of little fish..

well said

[AnonyFox]

Giveaway at http://www.reddit.com/r/FoxCoin/comments/1wbrog/foxcoin_giveaway/

[mylovelycryptocoins]

i'm getting the feeling that this coin is dying

[AnonyFox]

i'm getting the feeling that this coin is dying

Heartrate stable at 170 mega paws per second.
We may be being added to cryptorush.in soon.

[Futurecoin]

Foxcoin is a catchy name-- but would def need some more innovation

[rebel24]

major suggestion: If anything, the rate of foxcoin being released NEEDS to be reduced. It is released at WAY too constant of a rate = thus massive inflation.

Take a feather from any successful coin's hat--- coin generation NEEDS to decrease (significantly) over time, otherwise inflation will kill the coin! 30 days out the coin needs to be generating only 150 Fox, 60 days out should be only 100 fox, 90 days out should be only 75 Fox, etc. (and then you can level off at a minimum of 5 FOX)

I was conservative in this, the rate can be even 2-5x faster than this.

But at the current rate, market will always flood with new coins punishing all your investors who are serious in it.

Please fix this, or else I fear for this coin!

[Polux44]

But at the current rate, market will always flood with new coins punishing all your investors who are serious in it.

I'm not sure the issue is on the rate.
You are right that currently it's really easy to generate coins, compared to the situation 1 hour after the launching.

Nevertheless, it's easy to generate coins because the difficulty is low.
And the difficulty is low because the "mining" network is not mature enough. There were pumpers in the beginning, now just believers of this foxcoin. That is the reason why the hashrate remains around 160-170Mh/s

If you think it's too easy to gain foxcoins, so mine it! You will take advantage of this situation, and you will also contribute to the construction of a huge mining network.
This is how difficulty works.

Concerning the rate itself, having a rate decreasing slowly allows new miners to play with it.
In other altcoins where the rate decreases fast, early miners have the full monopole of all the market.
If you know that 80% of coins are mined in few days/weeks, is it interesting to continue mining after that?

The current rate allows a dilution of the market in a large number of wallet owners. It's better to see 80% of the coin owned by 80% of the miners, rather than 80% of the coin owned by 10% of the miners. I think it will help stability on trading because you will not see less huge owners selling their coins in one time.
For instance, take the situation of bitcoins. It seems stable, but if the FBI aims to sell their 100.000 bitcoins or more
in a short time, you will quickly be able to buy 1 bitcoin for just few cents

What do you guys think about removing the hard cap of coins for FoxCoin?

By hard cap, do you mean the Maximum Coins: 1 Billion?
If yes, then you are talking about something which will happen in 3 centuries. Let's be honest Foxcoin will be dead (and us too) before that.

[AnonyFox]

Decrease coin generation? No, polux44's post is effectively a summary about what I have to say about it.

UPDATE: FoxCoin now on Cryptorush! Updated OP.

[kuroman]

major suggestion: If anything, the rate of foxcoin being released NEEDS to be reduced. It is released at WAY too constant of a rate = thus massive inflation.

Take a feather from any successful coin's hat--- coin generation NEEDS to decrease (significantly) over time, otherwise inflation will kill the coin! 30 days out the coin needs to be generating only 150 Fox, 60 days out should be only 100 fox, 90 days out should be only 75 Fox, etc. (and then you can level off at a minimum of 5 FOX)

I was conservative in this, the rate can be even 2-5x faster than this.

But at the current rate, market will always flood with new coins punishing all your investors who are serious in it.

Please fix this, or else I fear for this coin!

You've just resumed what's wrong with every trashcoin out there, just instamine when the coin is released and diff low, once diff is high point your hash somewhere else and wait for the coin to be listed on an exchange then dump and move on !

Foxcoin as any other coin has the number of coins decreased overtime, but in the meantime it has a dynamic diff retarget (gravity well), which means once the so called instaminers big fish leaves the coin to move to another coin and keep their dumping strategy on the work, the coin is not left for dead with a high diff, of course the diff will get lower overtime if hashrate drops significally which is the case right now, so the coin remains always appealing to mine.

This is what happened to Doge at some point hence the several new version, and catcoin right now.

just point some hashs on the coin and the diff will sky rocket again although the hash rate should be maintained (right now there is a decent hashrate (people that will stay and not the dumpers))

[blandana]

yes, there needs to be more foxes for more people, not less.

[jayguar]

Arcade gaming site http://justanarcade.com with altcoin rewards beta launched now with FOX prize rewards. There is currently 1 contest for FOX and more to come in the future. Each contest will run for 24 hours and there will be newer contests every day. Players will have to use cubepoints to play in the contest. Each cubepoint costs 20 FOX. There is a contest fee of 20 cubepoints (400 FOX) and the game play for each contest is unlimited. The prize rewards range from 400 FOX to 4000 FOX. There are also contest with other altcoin rewards as well. Here is the ANN thread (https://bitcointalk.org/index.php?topic=429103.0) with more details. Come and join the fun and win FOX. Future contests will have a varied range of prize rewards. This contest closes in the next 24 hours.

[farvali]

Dev, please do not change anything in FOX reward system.
"more coins for more people" DA FUQ...

[Msile]

Is there any sign of a big exchange like coinedup or coinmarket.io about this coin?

[pizzaBot]

Is http://foxchain.altpool.pw:5000/chain/FoxCoin down?