[RIC] Riecoin launched - Thank you! status, lessons learned and what's next

[gatra]

Hi!

I'd like to thank all the people how participated on the launch yesterday. There were some problems, but overall I think it was an acceptable launch.

Some lessons I learned on my first cryptocoin lunch:

- The first blocks without reward seemed silly (who would mine for nothing?) but it turned out to be a good idea. Good for testing everything is working.
- Binaries must be ready from the start, or rogue wallets with virus might spread. I'll forget about this thing that the coinbase should have some recent news, the best is to have everything ready at the time of announcing the launch. To avoid premine, let everyone with blocks with 0 reward be the witnesses that the chain wasn't started before.
- Hard starting difficulty is good. It's fair. But.... (see next point)
- ...pools really are really important! I thought that pools where bad, agents of centralization, and that distribution "on the long run" would be the same if pools didn't exist, but now I understand that they are needed for good distribution of the coins, because "on the long run" difficulty changes and smaller miners cannot compete.
-Always keep people informed of what's going on!
- Be wary of giving estimates! As a developer I used to be good at estimating effort. The thing is that even if effort estimates are correct, I cannot estimate when will I be able to put that effort in practice. I have a job and 2 kids IRL, I love them and they take a lot of my time... (and I'd like to thank my wife for her help while I'm working on this) the point is my failure was at predicting how many hours I can put on this.
- I can't do this alone. I need a team.
- I won't make money with this. Need to think more carefully about monetizing.
- What else? please comment

Things to fix in the next release:

- On the rush to launch, windows wallet came out with bitcoin logos
- On getinfo and getmininginfo, the difficulty is rounded to the integer. The difficulty in getwork (field diff) is the size of the primes, and it works ok. But the difficulty in the getmininginfo and getinfo commands should be the ona on getwork divided by 304 which is the minimum difficulty. So it started at 1, but the thing is that it's an integer division so it's not much useful.
- Add checkpoints and seed nodes
- What else? please comment

Where to go now?

- We need a pool urgently. I'm working on a p2pool and will give support to those how want to implement pooled mining.
- Please promote! we need services, exchanges, everything. Go to your altcoin payment service provider and ask for riecoin. Go to your exchange and ask for riecoin. Go to your mathematician and ask him to take a look at it, etc
- should we go like "so numbers", "such prime", "much sextuplets", "the Chinese are in", "to da moon!"... does that work?
- Please contribute: we need a block explorer

Please help me make this work!

Thank you!

gatra

[bidji29]

Great launch!

Yes, there was some little problem but the more important was the fair launch, and i think it was a success.

Now we need a pool. Ypool said they will add it for sure. But I don't know when exactly.

And an exchange. I'm trying to convince mcxNOW

[c_jp]

I am still getting json connection errors trying to mine on Windows. I even copied a known working conf file from the Riecoin launch thread but still the same thing.

[romerun]

well it's so hard to mine, back in the good old days with xpm, even cheapest DO instance has a chance to get block, this one you'll need 4000 cores or so, either having pool at launch or make it so that many cores won't be so much advantage,

[btcworker]

Great launch!

yeah especially for those with server farms or botnets

wasn't very wise decision to launch without any pool in existance

I was really looking forward to Riecoin and this 'fair launch' thingy but now it's just a shame

[AizenSou]

Great launch!

yeah especially for those with server farms or botnets

wasn't very wise decision to launch without any pool in existance

I was really looking forward to Riecoin and this 'fair launch' thingy but now it's just a shame

The dev admit his flaws and want to improve it. I don't have a CPU farm but IMO this coin is very fair, and the dev too. Will support it.

[keepwalking1234]

nice work, dev team!

need a pool and a bigger exchange platform.

[mrbubl3s]

I'm interested to see where this goes ;P

[user1922]

I wanted to try this coin because you mentioned it would be a fair launch, sorry to say it was only fair for those with 3000 cores (how do those ppl get them, I mean legally....or do they just abuse every core they are in charge of managing?)

One suggestion would be that there is a testnet switch in the bitcoin wallet. Use it.
It is there for guess what? Testing. That's right.
Have binaries, pools and block explorers ready and test everything on, yep here it is again, the testnet.
If that all works out you can release the sources. No need for 0 block rewards on block 0.

Don't get me wrong, I do appreciate the work you put into it.

Oh and on the 'Such coin' remarks: having a strong marketing concept is always a plus even if the concept is ridiculous
In the words of T. Boone Pickens: a fool with a plan will beat a genius without it. Every time.

[jongameson]

if you called it Rice Coin.  of course
or Ricin Coin
even better

but this. 

[6strings]

- should we go like "so numbers", "such prime", "much sextuplets", "the Chinese are in", "to da moon!"... does that work?

Absolutely fucking not. Please don't even consider that garbage as a way to market the coin. My god man.

I'll burn my coins if so lol

[6strings]

Here:

A slogan.

Riecoin - Its Mathematical!

Now go with that.
Please don't mention doge like tactics again