new approach to altcoin design, practical consideration

[mitchellmint]

after thinking about whole  idea in case of  my  platform attaching to more than  one  blockchain have not economical sense

It gets expensive the more side chains you go and it does ultimately tie up BTC by my design.  The idea is to tie up a less expensive side-chains as you increase depth.

[Salivan]

I have provided some binaries check it out

[tsaroz]

Firstly I do appreciate your work.
But as a non-technical cryptocoin enthusiastic, I have some questions for you.
With your description and video, I'm not still sure what your project is about and where do you want to take it to?
At the time there are many digital coins/tokens/services based on different technologies. Many big tech industries and people are in bitcoin and altcoin business. How would your service be different from any other altcoins or digital tokens? How people would be benefited from this service and on which level? For what would be this service used for. What more would it have other that what bitcoin and clients offers? And why would merchants and client look for it?

[Salivan]

Firstly I do appreciate your work.
But as a non-technical cryptocoin enthusiastic, I have some questions for you.
With your description and video, I'm not still sure what your project is about and where do you want to take it to?
At the time there are many digital coins/tokens/services based on different technologies. Many big tech industries and people are in bitcoin and altcoin business. How would your service be different from any other altcoins or digital tokens? How people would be benefited from this service and on which level? For what would be this service used for. What more would it have other that what bitcoin and clients offers? And why would merchants and client look for it?

As you are non-technical guy I will only hint that my coin is potentially more efficient in processing transaction, way more than traditional altcoin. So what  you get is  massive amount of transaction and this by itself counts for something.

Purpose:
Coin is targeted toward  software developers and application buyers. My service is designed in the way that it enable you to embed payment processor inside your application easily on programmer level. On the other hand it allow you to buy someone else program as  easy.

User case:
Let say you are IT student you like programming in c++ and you have developed brand new application. Today you need to find middleman he will sell app for you taking away big chunk of  profit. Its burden its take times, in many cases you may give up before you find right person. In my system it is faster it takes no time, you ask nobody for permission. You build your application put  it wherever in internet and if  other  system users will like it  you will profit.

Obviously system is in development phase if it succeed range of supported  languages may increase.

 I am not aware of any other service with such capabilities it is the reason why I am developing this

[excword]

Just started to read what you would like to do the world. I appreciate your efforts you have put so far. I wish you would come out with the live community support soon.

Distributed Micro Payment System is one of the most wanted systems of the current Internet Era. It should b fast, safe and efficient to feed the demands of the people all over the world. The current decentralized blockchain technology has some pros/cons for world wide acceptance from government, people of different standards from rich to poor, business to worker and viz.

Making something like Distributed micro payments system is an efficient way to reach the mass in no time. It must beat banks, existing centralized distribution systems which have physical or virtual presence or both.

At first glance, I'm writing this that the sidechain concept is a great thing to be adopted for this kind. I believe you have spent your 2 years to one of the good projects. I first off all, wish you to have time to spend for the project that the world still looking for a better than the best one.

I still haven't gone technically into the works you have done. To get better feedback, you need to get more exposure.

Some things that can help you to talk to more people are.
1. Reddit AMA - Use cryptocurrency, dogecoin, bitcoin and of course r/btc (from forum.bitcoin.com) channels - they have huge subscriber base and you get tons of ideas and suggestions and critics from a lot of people.
2. Use zapchain.
3. Create infographics which is more important and much more needed than words. It will clearly explain what you are actually going to do with Distributed Micro Payment System.
 a. It must graph who, where, for what and why they need the system.
 b. What is needed for the system? - Wallet, Blockchain and related information
 c. Comparison to existing systems like banks, virtual currencies, emerging blockchain technologies
 d. In what ways, your system or (our) system enhance the micropayment over the other systems.
4. As this is a sidechain project, you must be well prepared to answer questions about future forks or other unidentified changes to blockchains that you use for the system.
5. You need to tweet and facebook often about the works you are doing.
6. It's better if you have good set of people form a team and contribute the project at various levels.
7. You must prove how unique, secure and safe your code is.
8. Do need to talk to people often via AMA or have constant touch with social media.
9. Can other projects adopt your system for their own micropayment system. If yes, you need to explain with an example.
10. Once you're popular, start an irc channel and lurk with people there, you get tons of people talking daily and supporting the project it it gets into right shape.
11. Are you going to freely distribute some gift/assets or something to people around the world who joins you like neucoin, brics or others doing (I just added them for example, not believe in any of them).
12. What if the altcoin's blockchain that you use to implement die on the other day(Most of the altcoins died). It happens as everyone knows.


Okay, As of now, I just wanted to add just the basics needed to reach the world. You may have known all these things and you have had a different opinion to start it at different time. Hope this could be a good read for you and others who are visiting this thread.

Every project/coin starts with no support or with money invested on their own. Any project/coin can succeed and go to the moon only when the developer/team/supporter(s) put their right efforts at right time. We have seen lot of projects start with minimal information and peaked.

Good luck Mate! Hope many people will join and do good support for the success of the system.

I'm with you.

[I may come again with some more information after testing the tools you listed on the OP]

[ezehy2014]

well i dont know why there is no good feedback yet, because this program is nice and also i watched the video and i think it is a nice currency thanks. my advice for this developer is that you dont give up in this, because many people who attained success today passed through these same situation

[Salivan]

Just started to read what you would like to do the world. I appreciate your efforts you have put so far. I wish you would come out with the live community support soon.

Distributed Micro Payment System is one of the most wanted systems of the current Internet Era. It should b fast, safe and efficient to feed the demands of the people all over the world. The current decentralized blockchain technology has some pros/cons for world wide acceptance from government, people of different standards from rich to poor, business to worker and viz.

Making something like Distributed micro payments system is an efficient way to reach the mass in no time. It must beat banks, existing centralized distribution systems which have physical or virtual presence or both.

At first glance, I'm writing this that the sidechain concept is a great thing to be adopted for this kind. I believe you have spent your 2 years to one of the good projects. I first off all, wish you to have time to spend for the project that the world still looking for a better than the best one.

I still haven't gone technically into the works you have done. To get better feedback, you need to get more exposure.

Some things that can help you to talk to more people are.
1. Reddit AMA - Use cryptocurrency, dogecoin, bitcoin and of course r/btc (from forum.bitcoin.com) channels - they have huge subscriber base and you get tons of ideas and suggestions and critics from a lot of people.
2. Use zapchain.
3. Create infographics which is more important and much more needed than words. It will clearly explain what you are actually going to do with Distributed Micro Payment System.
 a. It must graph who, where, for what and why they need the system.
 b. What is needed for the system? - Wallet, Blockchain and related information
 c. Comparison to existing systems like banks, virtual currencies, emerging blockchain technologies
 d. In what ways, your system or (our) system enhance the micropayment over the other systems.
4. As this is a sidechain project, you must be well prepared to answer questions about future forks or other unidentified changes to blockchains that you use for the system.
5. You need to tweet and facebook often about the works you are doing.
6. It's better if you have good set of people form a team and contribute the project at various levels.
7. You must prove how unique, secure and safe your code is.
8. Do need to talk to people often via AMA or have constant touch with social media.
9. Can other projects adopt your system for their own micropayment system. If yes, you need to explain with an example.
10. Once you're popular, start an irc channel and lurk with people there, you get tons of people talking daily and supporting the project it it gets into right shape.
11. Are you going to freely distribute some gift/assets or something to people around the world who joins you like neucoin, brics or others doing (I just added them for example, not believe in any of them).
12. What if the altcoin's blockchain that you use to implement die on the other day(Most of the altcoins died). It happens as everyone knows.


Okay, As of now, I just wanted to add just the basics needed to reach the world. You may have known all these things and you have had a different opinion to start it at different time. Hope this could be a good read for you and others who are visiting this thread.

Every project/coin starts with no support or with money invested on their own. Any project/coin can succeed and go to the moon only when the developer/team/supporter(s) put their right efforts at right time. We have seen lot of projects start with minimal information and peaked.

Good luck Mate! Hope many people will join and do good support for the success of the system.

I'm with you.

[I may come again with some more information after testing the tools you listed on the OP]

appreciate your tips. I don't know  when will be right timing but  most likely when my system mature even more. It looks like full time job and for now my full time job is development of my project.

I wasn't aware of many options you listed thx. I will use your post as  reference point when time will come...

[excword]

Just started to read what you would like to do the world. I appreciate your efforts you have put so far. I wish you would come out with the live community support soon.

Distributed Micro Payment System is one of the most wanted systems of the current Internet Era. It should b fast, safe and efficient to feed the demands of the people all over the world. The current decentralized blockchain technology has some pros/cons for world wide acceptance from government, people of different standards from rich to poor, business to worker and viz.

Making something like Distributed micro payments system is an efficient way to reach the mass in no time. It must beat banks, existing centralized distribution systems which have physical or virtual presence or both.

At first glance, I'm writing this that the sidechain concept is a great thing to be adopted for this kind. I believe you have spent your 2 years to one of the good projects. I first off all, wish you to have time to spend for the project that the world still looking for a better than the best one.

I still haven't gone technically into the works you have done. To get better feedback, you need to get more exposure.

Some things that can help you to talk to more people are.
1. Reddit AMA - Use cryptocurrency, dogecoin, bitcoin and of course r/btc (from forum.bitcoin.com) channels - they have huge subscriber base and you get tons of ideas and suggestions and critics from a lot of people.
2. Use zapchain.
3. Create infographics which is more important and much more needed than words. It will clearly explain what you are actually going to do with Distributed Micro Payment System.
 a. It must graph who, where, for what and why they need the system.
 b. What is needed for the system? - Wallet, Blockchain and related information
 c. Comparison to existing systems like banks, virtual currencies, emerging blockchain technologies
 d. In what ways, your system or (our) system enhance the micropayment over the other systems.
4. As this is a sidechain project, you must be well prepared to answer questions about future forks or other unidentified changes to blockchains that you use for the system.
5. You need to tweet and facebook often about the works you are doing.
6. It's better if you have good set of people form a team and contribute the project at various levels.
7. You must prove how unique, secure and safe your code is.
8. Do need to talk to people often via AMA or have constant touch with social media.
9. Can other projects adopt your system for their own micropayment system. If yes, you need to explain with an example.
10. Once you're popular, start an irc channel and lurk with people there, you get tons of people talking daily and supporting the project it it gets into right shape.
11. Are you going to freely distribute some gift/assets or something to people around the world who joins you like neucoin, brics or others doing (I just added them for example, not believe in any of them).
12. What if the altcoin's blockchain that you use to implement die on the other day(Most of the altcoins died). It happens as everyone knows.


Okay, As of now, I just wanted to add just the basics needed to reach the world. You may have known all these things and you have had a different opinion to start it at different time. Hope this could be a good read for you and others who are visiting this thread.

Every project/coin starts with no support or with money invested on their own. Any project/coin can succeed and go to the moon only when the developer/team/supporter(s) put their right efforts at right time. We have seen lot of projects start with minimal information and peaked.

Good luck Mate! Hope many people will join and do good support for the success of the system.

I'm with you.

[I may come again with some more information after testing the tools you listed on the OP]

appreciate your tips. I don't know  when will be right timing but  most likely when my system mature even more. It looks like full time job and for now my full time job is development of my project.

I wasn't aware of many options you listed thx. I will use your post as  reference point when time will come...

You're so quick to reply. I believe you have strong work ethics. Spending 2 years for the development of the system is a great thing. You would have brainstormed a lot. But still, I still prefer more brainstorm sessions. There are very great developers in this forum. They can give you vital support if you can prove the vital importance of the system. That will easily take you to masses. You can also do hangouts.

[Salivan]

Just started to read what you would like to do the world. I appreciate your efforts you have put so far. I wish you would come out with the live community support soon.

Distributed Micro Payment System is one of the most wanted systems of the current Internet Era. It should b fast, safe and efficient to feed the demands of the people all over the world. The current decentralized blockchain technology has some pros/cons for world wide acceptance from government, people of different standards from rich to poor, business to worker and viz.

Making something like Distributed micro payments system is an efficient way to reach the mass in no time. It must beat banks, existing centralized distribution systems which have physical or virtual presence or both.

At first glance, I'm writing this that the sidechain concept is a great thing to be adopted for this kind. I believe you have spent your 2 years to one of the good projects. I first off all, wish you to have time to spend for the project that the world still looking for a better than the best one.

I still haven't gone technically into the works you have done. To get better feedback, you need to get more exposure.

Some things that can help you to talk to more people are.
1. Reddit AMA - Use cryptocurrency, dogecoin, bitcoin and of course r/btc (from forum.bitcoin.com) channels - they have huge subscriber base and you get tons of ideas and suggestions and critics from a lot of people.
2. Use zapchain.
3. Create infographics which is more important and much more needed than words. It will clearly explain what you are actually going to do with Distributed Micro Payment System.
 a. It must graph who, where, for what and why they need the system.
 b. What is needed for the system? - Wallet, Blockchain and related information
 c. Comparison to existing systems like banks, virtual currencies, emerging blockchain technologies
 d. In what ways, your system or (our) system enhance the micropayment over the other systems.
4. As this is a sidechain project, you must be well prepared to answer questions about future forks or other unidentified changes to blockchains that you use for the system.
5. You need to tweet and facebook often about the works you are doing.
6. It's better if you have good set of people form a team and contribute the project at various levels.
7. You must prove how unique, secure and safe your code is.
8. Do need to talk to people often via AMA or have constant touch with social media.
9. Can other projects adopt your system for their own micropayment system. If yes, you need to explain with an example.
10. Once you're popular, start an irc channel and lurk with people there, you get tons of people talking daily and supporting the project it it gets into right shape.
11. Are you going to freely distribute some gift/assets or something to people around the world who joins you like neucoin, brics or others doing (I just added them for example, not believe in any of them).
12. What if the altcoin's blockchain that you use to implement die on the other day(Most of the altcoins died). It happens as everyone knows.


Okay, As of now, I just wanted to add just the basics needed to reach the world. You may have known all these things and you have had a different opinion to start it at different time. Hope this could be a good read for you and others who are visiting this thread.

Every project/coin starts with no support or with money invested on their own. Any project/coin can succeed and go to the moon only when the developer/team/supporter(s) put their right efforts at right time. We have seen lot of projects start with minimal information and peaked.

Good luck Mate! Hope many people will join and do good support for the success of the system.

I'm with you.

[I may come again with some more information after testing the tools you listed on the OP]

appreciate your tips. I don't know  when will be right timing but  most likely when my system mature even more. It looks like full time job and for now my full time job is development of my project.

I wasn't aware of many options you listed thx. I will use your post as  reference point when time will come...

You're so quick to reply. I believe you have strong work ethics. Spending 2 years for the development of the system is a great thing. You would have brainstormed a lot. But still, I still prefer more brainstorm sessions. There are very great developers in this forum. They can give you vital support if you can prove the vital importance of the system. That will easily take you to masses. You can also do hangouts.

If I get your suggestion right, I should spend some of my work time exclusively for communication and actively looking for support. I have to modify my current work model than but maybe it is necessary. I will think  about it 

[excword]

Yes, I appreciate you would spare time for communication. However, at the development level, time to development is more important. I suggested only for more communication methods as you have already spent lot of time in development.

[Hellacopter]

I think you worked hard in your project, and already it need encouragement and support from the Bitcoin's community. Although i can advice you to more advertise your project, not only in this forum but also in the crypto related blogs and sites, you could also creating a blog explaining this project with details, writing press releases about it, it may help you a lot to support your promising project.

[palvideos]

Good project.

But,

I don't understand the video tutorial you have posted.

What I can understand is the user needs to open his coin folder to replace the wallet for the license he has purchased. Then only he can play the game. At once he uses the license, the developer gets his share of payment. If the user don't purchase the license he can't play the game. Am I Right?

I'm downloading the test and client tool. I will pm you for the coins once I'm ready.

[Salivan]

Good project.

But,

I don't understand the video tutorial you have posted.

What I can understand is the user needs to open his coin folder to replace the wallet for the license he has purchased. Then only he can play the game. At once he uses the license, the developer gets his share of payment. If the user don't purchase the license he can't play the game. Am I Right?

I'm downloading the test and client tool. I will pm you for the coins once I'm ready.

It works  this  way

1. http://inspector.dims.red/#testnet  ensure network is on (at least one tracker and one monitor)
2. open desired  program, it will ask  for  payment
3. open client, it might be open even  before step 2 (client works only if it is able to synchronize with network)
4. there will be some  message boxes which will help you, all you need  is to confirm
5. As long as you have sufficient funds on your account, application will be paid - and  thats over no more  steps ( all operation takes  aprox 2-3 min )


here is wallet with some coins:
 http://s000.tinyupload.com/?file_id=00439463738781638226

[palvideos]

Good project.

But,

I don't understand the video tutorial you have posted.

What I can understand is the user needs to open his coin folder to replace the wallet for the license he has purchased. Then only he can play the game. At once he uses the license, the developer gets his share of payment. If the user don't purchase the license he can't play the game. Am I Right?

I'm downloading the test and client tool. I will pm you for the coins once I'm ready.

It works  this  way

1. http://inspector.dims.red/#testnet  ensure network is on (at least one tracker and one monitor)
2. open desired  program, it will ask  for  payment
3. open client, it might be open even  before step 2 (client works only if it is able to synchronize with network)
4. there will be some  message boxes which will help you, all you need  is to confirm
5. As long as you have sufficient funds on your account, application will be paid - and  thats over no more  steps ( all operation takes  aprox 2-3 min)

Well, Now it is easy to understand. I have 2 active connections on the network but wallet is out of sync. How long will it take to sync?

I do not see any blockchain movement. Seems not syncing. What should I do now? Do you have addnodes to add?

[Salivan]

Good project.

But,

I don't understand the video tutorial you have posted.

What I can understand is the user needs to open his coin folder to replace the wallet for the license he has purchased. Then only he can play the game. At once he uses the license, the developer gets his share of payment. If the user don't purchase the license he can't play the game. Am I Right?

I'm downloading the test and client tool. I will pm you for the coins once I'm ready.

It works  this  way

1. http://inspector.dims.red/#testnet  ensure network is on (at least one tracker and one monitor)
2. open desired  program, it will ask  for  payment
3. open client, it might be open even  before step 2 (client works only if it is able to synchronize with network)
4. there will be some  message boxes which will help you, all you need  is to confirm
5. As long as you have sufficient funds on your account, application will be paid - and  thats over no more  steps ( all operation takes  aprox 2-3 min)

Well, Now it is easy to understand. I have 2 active connections on the network but wallet is out of sync. How long will it take to sync?

I do not see any blockchain movement. Seems not syncing. What should I do now? Do you have addnodes to add?

don't look at this, in my network it has another meaning, take wallet I posted  or generate new address. Don't look at wallet not synch message it is meaningless here


copy address using ctrl +c in case  you have generated new  one

here is wallet with some coins:
 http://s000.tinyupload.com/?file_id=00439463738781638226

[palvideos]

Good project.

But,

I don't understand the video tutorial you have posted.

What I can understand is the user needs to open his coin folder to replace the wallet for the license he has purchased. Then only he can play the game. At once he uses the license, the developer gets his share of payment. If the user don't purchase the license he can't play the game. Am I Right?

I'm downloading the test and client tool. I will pm you for the coins once I'm ready.

It works  this  way

1. http://inspector.dims.red/#testnet  ensure network is on (at least one tracker and one monitor)
2. open desired  program, it will ask  for  payment
3. open client, it might be open even  before step 2 (client works only if it is able to synchronize with network)
4. there will be some  message boxes which will help you, all you need  is to confirm
5. As long as you have sufficient funds on your account, application will be paid - and  thats over no more  steps ( all operation takes  aprox 2-3 min)

Well, Now it is easy to understand. I have 2 active connections on the network but wallet is out of sync. How long will it take to sync?

I do not see any blockchain movement. Seems not syncing. What should I do now? Do you have addnodes to add?

don't look at this, in my network it has another meaning, take wallet I posted  or generate new address. Don't look at wallet not synch message it is meaningless here


copy address using ctrl +c in case  you have generated new  one

Done. I will send a PM to you.
Edit: PM Sent.

[palvideos]

I have done the steps as you said. It paid 70+1 coins in separate transactions as license fee and the test application is unlocked automatically. It is working fine. But why there are two 70+1 transactions and the balance remains at 228 coins in the wallet?

You need to add the details of the transaction. Attach a message or label the transaction as license to the app.

It would be better if you indicate the outgoing transaction in different color with - symbol rather than the +.

[Salivan]

I have done the steps as you said. It paid 70+1 coins in separate transactions as license fee and the test application is unlocked automatically. It is working fine. But why there are two 70+1 transactions and the balance remains at 228 coins in the wallet?

You need to add the details of the transaction. Attach a message or label the transaction as license to the app.

In order to make it work two transactions are needed, First one to temporary address in your wallet which is deleted right after and second one from this temp address to application creator.
 Full cost consist of (72 coins):
- application price, it entirely goes to  application author  (70 coins)
- two transaction fees they goes to who ever is operating servicing node  at this instance to me. (2 coins)



I will take into consideration your remarks about more user friendliness 

[palvideos]

I have done the steps as you said. It paid 70+1 coins in separate transactions as license fee and the test application is unlocked automatically. It is working fine. But why there are two 70+1 transactions and the balance remains at 228 coins in the wallet?

You need to add the details of the transaction. Attach a message or label the transaction as license to the app.

In order to make it work two transactions are needed, First one to temporary address in your wallet which is deleted right after and second one from this temp address to application creator.
 Full cost consist of (72 coins):
- application price, it entirely goes to  application author  (70 coins)
- two transaction fees they goes to who ever is operating servicing node  at this instance to me. (2 coins)



I will take into consideration your remarks about more user friendliness 

Understood. Do mention the fees and temporary address usage in messages between the wallet and app.

What is the purpose of the intermediate address for the transaction? Why don't you straight away charge the 2 coin fee?

Can the developer add Money Back Guarantee system with DiMS?

[Salivan]

I have done the steps as you said. It paid 70+1 coins in separate transactions as license fee and the test application is unlocked automatically. It is working fine. But why there are two 70+1 transactions and the balance remains at 228 coins in the wallet?

You need to add the details of the transaction. Attach a message or label the transaction as license to the app.

In order to make it work two transactions are needed, First one to temporary address in your wallet which is deleted right after and second one from this temp address to application creator.
 Full cost consist of (72 coins):
- application price, it entirely goes to  application author  (70 coins)
- two transaction fees they goes to who ever is operating servicing node  at this instance to me. (2 coins)



I will take into consideration your remarks about more user friendliness 

Understood. Do mention the fees and temporary address usage in messages between the wallet and app.

What is the purpose of the intermediate address for the transaction? Why don't you straight away charge the 2 coin fee?

Can the developer add Money Back Guarantee system with DiMS?

First transaction is for authorization purposes, it ensures that app run only on your computer.

There is no money back system, DiMS knows  nothing  about an application purchase, so at least at  this point you have to be certain that you want this application.