[ANN] SOV Sovereign SHA256 PoW/PoS No Premine LAUNCHED 10 JULY 2014

[mckeo5514]

http://www.bullionbypost.co.uk/media/uploads/images/2014/01/22/five_pound_Sovereign_Reverse.jpg

why not use a real sovereign coin pic?



do I win the 50 sov?

[Kitty Savia]

I will try to mine this, sha256 coin is very little now
Since pow+pos is so popular now, why not change SOV to pow+pos?

SOV is PoW + PoS.

PoS pays at 100% per annum.
http://sovereign.rgspix.com

What is the rationale behind a 100% interest rate?  Doesn't that just mean every coin will halve in value every year?

Same question here, why 100% interest rate? Not make sense. Could you please explain more dev?

[raskul]

I will try to mine this, sha256 coin is very little now
Since pow+pos is so popular now, why not change SOV to pow+pos?

SOV is PoW + PoS.

PoS pays at 100% per annum.
http://sovereign.rgspix.com

What is the rationale behind a 100% interest rate?  Doesn't that just mean every coin will halve in value every year?

Same question here, why 100% interest rate? Not make sense. Could you please explain more dev?

there are 3 sovereign per block. 100% per annum is favourable.

[tertius993]

I will try to mine this, sha256 coin is very little now
Since pow+pos is so popular now, why not change SOV to pow+pos?

SOV is PoW + PoS.

PoS pays at 100% per annum.
http://sovereign.rgspix.com

What is the rationale behind a 100% interest rate?  Doesn't that just mean every coin will halve in value every year?

Same question here, why 100% interest rate? Not make sense. Could you please explain more dev?

there are 3 sovereign per block. 100% per annum is favourable.

I'm not convinced the number of coins is that relevant, you are still halving the value of the coins in circulation every year.

How would you feel about the pound if inflation were running at 100%?

[raskul]

I will try to mine this, sha256 coin is very little now
Since pow+pos is so popular now, why not change SOV to pow+pos?

SOV is PoW + PoS.

PoS pays at 100% per annum.
http://sovereign.rgspix.com

What is the rationale behind a 100% interest rate?  Doesn't that just mean every coin will halve in value every year?

Same question here, why 100% interest rate? Not make sense. Could you please explain more dev?

there are 3 sovereign per block. 100% per annum is favourable.

I'm not convinced the number of coins is that relevant, you are still halving the value of the coins in circulation every year.

How would you feel about the pound if inflation were running at 100%?

'How would I feel' about anything takes so many influences into the persuasion. No question is as simple as answering 'How would you feel...'.
you may keep your pound.

[tertius993]

I will try to mine this, sha256 coin is very little now
Since pow+pos is so popular now, why not change SOV to pow+pos?

SOV is PoW + PoS.

PoS pays at 100% per annum.
http://sovereign.rgspix.com

What is the rationale behind a 100% interest rate?  Doesn't that just mean every coin will halve in value every year?

Same question here, why 100% interest rate? Not make sense. Could you please explain more dev?

there are 3 sovereign per block. 100% per annum is favourable.

I'm not convinced the number of coins is that relevant, you are still halving the value of the coins in circulation every year.

How would you feel about the pound if inflation were running at 100%?

'How would I feel' about anything takes so many influences into the persuasion. No question is as simple as answering 'How would you feel...'.
you may keep your pound.

OK

[bitkokos]

such description! 

[Shurugwi]

Sovereign is in the news! http://altcoinherald.com/sovereign-new-sha256-pos-altcoin-100-staking/ 

"The future cannot be predicted but it seems likely that Sovereign will be fighting an uphill battle to attract miners, exchanges, supporters, and merchants."

Quoted from your article.

What's the point of making such a bold statement, other than to antagonise, if you are not going to at least back it with some insight into what led you to that conclusion.

[Gamer67]

Any twat can start a blog.

[raskul]

Sovereign is in the news! http://altcoinherald.com/sovereign-new-sha256-pos-altcoin-100-staking/  

"The future cannot be predicted but it seems likely that Sovereign will be fighting an uphill battle to attract miners, exchanges, supporters, and merchants."

Quoted from your article.

What's the point of making such a bold statement, other than to antagonise, if you are not going to at least back it with some insight into what led you to that conclusion.

May I just intervene to clarify, at this stage we are not setting out to attract anyone but miners. Exchanges, supporters and merchants may decide to adopt Sovereigns at any point in time, and the world will be better for it. However, for now we are focussed on the proof of work stage and once launched, maintaining a decent network hash-rate to get us through that stage to where every Sovereign is a minted/staked Sovereign. I would be delighted if an exchange or two would open trading after launch, to allow miners the ability to distribute their early matured Sovereigns, but this is not essential as distribution can be done P2P in private transactions*.

*advisory - please always use an escrow service when trading P2P.

[afong9]

welcome to luckypool
sov.luckypool.cn

[raskul]

OP updated

[icecube45]

Introducing EliteMiner

PRE-REGISTRATION


1 % Fees
PPLNS
http://sov.eliteminer.net
stratum+tcp://sov-pool.eliteminer.net:3341

Our pools are run by experienced cryptocoin users. All pools are DDOS protected. Support at http://help.eliteminer.net

Cmon guys,
Be a part of our new stratum share visualizer
http://www.twitch.tv/eliteminerpools

[Gaoweida]

I'm in.

updated http://sovereign.rgspix.com

i am in

[raskul]

Introducing EliteMiner

PRE-REGISTRATION


1 % Fees
PPLNS
http://sov.eliteminer.net
stratum+tcp://sov-pool.eliteminer.net:3341

Our pools are run by experienced cryptocoin users. All pools are DDOS protected. Support at http://help.eliteminer.net

Cmon guys,
Be a part of our new stratum share visualizer
http://www.twitch.tv/eliteminerpools

neat, like it.

[icecube45]

-snip-

-snip-

neat, like it.

Glad you do!

In other news, do we have an official irc channel yet?

[raskul]

-snip-

-snip-

neat, like it.

Glad you do!

In other news, do we have an official irc channel yet?

10 mins. MrWong set up #projectSOV - so we will go with that. I'll update OP.

[raskul]

bounties updated:
increased bounty on games and faucet.

[Marty19]

FREE mining pool will be provided by iSpace Mining Pools at launch.

Feel free to register now and mine our other SHA256 pools while you're waiting.

http://ispace.co.uk

[lin0sspice]

Can you give me Exact time in Timezone ?

Launching Friday 9th May 2014 Midnight before the 10th.*

In what timezone ?