[ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept

[EcuaMobi]

I ninja-linked to it in a previous post.

New wallet is done and I've premined all the coins (muahuahua) 

Send me your PMP address and I'll send you some coins to play with.

Thanks, I missed that!

But it's generating addresses starting with A (A1pATTWM4ZUzKyRXNt5amUHoHEdCr2jzXW)

Has it changed to P? The address format is the most important part as I want to create a paper wallet generator.

[1714705891]

1714705891

[1714705891]

1714705891

[1714705891]

1714705891

[1714705891]

1714705891

[Benezivas]

So do we have an exact target date for release? I thought it was going to be the beginning of this week but then wallet issues prevented that.
I'd gladly build a new website or convert the PMC website to PMP once the coin details are fully hashed out and launched.

As kbroadfoot mentioned a few times we are aiming for July 1st for the giveaway, the swap will happen before then.
The swap should start this week. Give us a bit more time for the new wallet.

Can I have access to the new wallet? and 1 PMP to test and then send back?

I want to have a paper wallet generator at launch time.

My idea is to have http://preminer.com/ for PMC and http://preminer.com/plus/ for PMP. Any comments?

I ninja-linked to it in a previous post.

New wallet is done and I've premined all the coins (muahuahua) 

Send me your PMP address and I'll send you some coins to play with.

You might want to have a read of my Post and comment on it.

[kbroadfoot]

I still don't get why there has to be a huge giveaway or a giveaway at all. From an investor's point of view this is pure poison.
Coin's supply would had been dramatically shortend, if there was only a swap. In Your scenario there will be even more coins.

Well the idea is to attract new people and new interest to PMP. It became clear that with the current amount of users we aren't able to keep the coin alive. Rarity in itself does not mean value. Rarity combined with many users (demand) does. The new PMP still has only a few coins compared to most other coins out there.

Other coins tried this, PMC included, it never worked out.

Stop poo-pooing our ideas Bergmann.
The reasons it "never worked out" could be many, but most likely they were flawed in the "give everything away all at once" model. This is a problem that plagues most PoS coins as well. You have this huge dump of coins on the market and if the price goes up, you have 100% of the market able and in most cases willing to cash out. The same goes for if the price drops, 100% of the market is able to panic and sell.

We will continue to discuss the terms of the giveaway but you can stop shitting on our donuts now. We are giving the coins away. The only thing that will change is how we do it.

Watch Your language. I'm just warning You, that huge giveaways don't work. Ever heard of Faircoin? It was distributed to 50k addresses. It's dead now. And I don't think You are able to distribute PMP like Faircoin dev did.
Anyway, good luck.

I believe TMX uses a bit of sarcasm more than you can detect in a post.... the language he uses is probably not meant to be taken personally... I am a bit like that myself on occasion 

[kbroadfoot]

I ninja-linked to it in a previous post.

New wallet is done and I've premined all the coins (muahuahua)  

Send me your PMP address and I'll send you some coins to play with.

Thanks, I missed that!

But it's generating addresses starting with A (A1pATTWM4ZUzKyRXNt5amUHoHEdCr2jzXW)

Has it changed to P? The address format is the most important part as I want to create a paper wallet generator.

Yes this is EXPERIMENTAL wallet with the A's and 9's.... we are re-rolling it out with the 'p's... I think TMX is just giving you what it technically will be....

[TheMightyX]

Watch Your language. I'm just warning You, that huge giveaways don't work. Ever heard of Faircoin? It was distributed to 50k addresses. It's dead now. And I don't think You are able to distribute PMP like Faircoin dev did.
Anyway, good luck.

Watch your fucking tone. jk were all friends here  
I see where you are coming from and to be honest I partly agree with you. I'm not 100% sure that giveaways are the best method of attracting new community members. Unfortunately this is the M.O. of Premine, this is why we are making a new coin. If I was just going to make an unrelated coin I would do things a lot differently.

Yes I have heard of faircoin, I was there in the thread complaining about how shady the system was designed. You are right, we are not going to distribute PMP like faircoin did. We are actually going to distribute PMP in a FAIR manner, unlike faircoin (failcoin?).

Failcoin allowed anyone to reserve a stake every hour for a few days. Because these reservations were done away from the transparency of BTCtalk, we couldn't be sure who was reserving stake and how many. So some people camped out the website and were able to reserve large amounts of stake, while others received one or two. One member bragged in the forums that he had over 300 stakes. While the majority that were camping out reserving stake every hour had maybe 20-30 max. Most people with actual lives and responsibilities received maybe 2-10. How is that fair?

Worse, because no one could see who was claiming stake it is obvious that it would be easy for the developer to claim large amount of stake, as he and he alone controlled access to the back-end of the server. He could have claimed 20,000 of the total 50,000. and who would know? How easy would it have been to generate thousands of fake addresses? ridiculously easy.

Yes, obviously we are not "able" to distribute PMP like faircoin did, thankfully we actually intend to have a fair and transparent giveaway. Any person who is actually interested in a fair distribution can come up with much fairer and transparent method. Faircoin was a farce. Maybe the dev was a hipster and he meant "fair"coin  

[TheMightyX]

I ninja-linked to it in a previous post.

New wallet is done and I've premined all the coins (muahuahua)  

Send me your PMP address and I'll send you some coins to play with.

Thanks, I missed that!

But it's generating addresses starting with A (A1pATTWM4ZUzKyRXNt5amUHoHEdCr2jzXW)

Has it changed to P? The address format is the most important part as I want to create a paper wallet generator.

Yes this is EXPERIMENTAL wallet with the A's and 9's.... we are re-rolling it out with the 'p's... I think TMX is just giving you what it technically will be....

I thought thats what you asked for...

That link is to the old-new wallet, not the new-new wallet. Which I don't have yet.

Code wise its the same, but graphics-wise and address-wise it will be different.
The major difference is just the base58.h value for pubkey. its going to be 55 and 50 instead of 22 and 9.
You will need to take that into account when creating your script.

[kbroadfoot]

It seems most of the questions have been answered by you guys already!

In regards to destroying PMC yes, I will be creating a burn address.
An address that is unattainable.
I've spoken with the counterparty devs on how to go about generating it. Might as well let the cat out of the bag:

1PMCxxxSWAPxxxToxxxPMPxxxXXXUfNchW


I've already sent 1.0001 PMC there as a test.

As kbroadfoot mentioned we have a swap plan in place. The details will be released in the swap ANN which will be a new thread.

PMP will be unique in that it will be the first (and as far as I know of) only PoS coin to run on transaction fees instead of stake %.

When you stake and you are selected to generate the next block, you will receive all the fees from the transactions that were included in that block.
Just like the original experiment, mining for tx fees.
Except we will be staking for tx fees.

This makes PMP unique.

Due to the distribution strategy PMP will also be scarce. No one person will have too much.
Regarding double dipping, this will be kept to a minimum by only allowing accounts with 20+ activity.
We may end up modifying the giveaway plan before we ANN though as I have some concerns.

Please do NOT send anything to the burn address yet as we are not ready to start swapping.

I took a look:  http://blockchain.premineco.in/address/1PMCxxxSWAPxxxToxxxPMPxxxXXXUfNchW

It shows only the transaction fee.... the 1 PMC went to this address: http://blockchain.premineco.in/address/169RELZjaGKcTsfN12DWDd8NADJqC4UjrE

As far as I can tell...

Way to fucking point out my mistake kbroadfoot  

I sent .0001 with a 1 PMC transaction fee (I forgot what my tx fee was set to).

I was just fine with not mentioning it and no one would have noticed had you not said anything.

Hope you are happy making me look like an ass.

I suppose you will be wanting 0.0001 in PMP as well then? 

[maardein]

I like the activity in this thread

@TMX: if I scan the wallet with virustotal, I get 2 false positives. Is there a way to make these go away? Most wallets nowadays don't have any false positives anymore.

[dasource]

I like the activity in this thread

Great to see the community pulling together....

[Nullu]

Is PMP going to get a new thread once it's ready and live?

[yogibaer]

Is PMP going to get a new thread once it's ready and live?

I read somewhere backwards that there'll be a new ANN thread with all the details for the PMC-PMP swap and the giveaway once the details are fixed and everything else is ready.

[kbroadfoot]

Is PMP going to get a new thread once it's ready and live?

Yes... two actually...  a Swap ANN and a regular coin ANN

[robbo389]

I like the activity in this thread

@TMX: if I scan the wallet with virustotal, I get 2 false positives. Is there a way to make these go away? Most wallets nowadays don't have any false positives anymore.

Any false positives from virustotal will make the coin far less popular. It's better to get rid of them than telling people to ignore them.

[maardein]

I like the activity in this thread

@TMX: if I scan the wallet with virustotal, I get 2 false positives. Is there a way to make these go away? Most wallets nowadays don't have any false positives anymore.

Any false positives from virustotal will make the coin far less popular. It's better to get rid of them than telling people to ignore them.

Exactly, that's why I asked if it was still possible

[ctenc001]

"Shitting on our Donuts" <-- lol 

Why not a smart faucet? That only gives out very small amounts over a long time? etc, we could make it quite sophisticated.

I actually like the faucet idea.
Create a smart faucet that only gives out 10-100 coins per person a day. This will draw out the giveaway and significantly increase the amount of bag holders. Limit the total amount given out in a single day as well as a safety protocal in case someone tries to drain the faucet.

[kbroadfoot]

"Shitting on our Donuts" <-- lol 

Why not a smart faucet? That only gives out very small amounts over a long time? etc, we could make it quite sophisticated.

I actually like the faucet idea.
Create a smart faucet that only gives out 10-100 coins per person a day. This will draw out the giveaway and significantly increase the amount of bag holders. Limit the total amount given out in a single day as well as a safety protocal in case someone tries to drain the faucet.

My favorite Faucet 

http://lottocoin.org/faucet/

[dasource]

Faucets have their challenges too... i've run a few since the original PMC one now.

What I have learnt is people tend to get a server with hundreds of IPs and basically change the IP, request funds with a new address. Rince and repeat. All automated ofcourse.

I worked out a way to prevent these scammers now so if we want to run a faucet to distribute coins it can be done in a controlled fashion.

[maardein]

Faucets have their challenges too... i've run a few since the original PMC one now.

What I have learnt is people tend to get a server with hundreds of IPs and basically change the IP, request funds with a new address. Rince and repeat. All automated ofcourse.

I worked out a way to prevent these scammers now so if we want to run a faucet to distribute coins it can be done in a controlled fashion.

Isn't that what all those annoying captcha things are supposed to prevent? 

[yogibaer]

The captcha tries to prevent bots. But it's already possible for bots to read the captcha ^^

[kbroadfoot]

TMX, I really would like to send Busoni @ Poloniex the info on when/facts etc...

And I speak for everyone else... lets get going!