[ANN]Faircoin - MULTIPOOL PAYS --- 20%--- BONUS! for the next week!!

[y3804]

So there are obviously a few lessons here:

1. First, its hard to create a fair coin like this though the devs tried to minimize it by checking for proxy, having a token system. Still if someone was really determined, you can click every hour and maybe if you don't have much of a life and suffering from insomnia, could get say 50000 coins

2. Keeping the PoW reward so small initially discouraged miners, so transactions and confirms stayed stuck for hours and hours. There really is no incentive to mine. Plus no difficulty retargeting and silly 10 min blocks

3. Keep a backup of the wallet file on a secondary storage device. This one should be obvious.

4. Write a stupid shell or perl script to automate sending coins once sign-up phase has ended.

+1.

Dev, don't make it too complicated for yourself.

Create a new coin with the same specs, but 90s-3min block targets. Keep the same address database. Redistribute. If you want, add another 25,000 free stakes so people that didn't get a chance to register can.

[1715117641]

1715117641

[kartilago]

So there are obviously a few lessons here:

1. First, its hard to create a fair coin like this though the devs tried to minimize it by checking for proxy, having a token system. Still if someone was really determined, you can click every hour and maybe if you don't have much of a life and suffering from insomnia, could get say 50000 coins

2. Keeping the PoW reward so small initially discouraged miners, so transactions and confirms stayed stuck for hours and hours. There really is no incentive to mine. Plus no difficulty retargeting and silly 10 min blocks

3. Keep a backup of the wallet file on a secondary storage device. This one should be obvious.

4. Write a stupid shell or perl script to automate sending coins once sign-up phase has ended.

+1.

Dev, don't make it too complicated for yourself.

Create a new coin with the same specs, but 90s-3min block targets. Keep the same address database. Redistribute. If you want, add another 25,000 free stakes so people that didn't get a chance to register can.

Agree

[Happy_idiot]

So there are obviously a few lessons here:

1. First, its hard to create a fair coin like this though the devs tried to minimize it by checking for proxy, having a token system. Still if someone was really determined, you can click every hour and maybe if you don't have much of a life and suffering from insomnia, could get say 50000 coins

2. Keeping the PoW reward so small initially discouraged miners, so transactions and confirms stayed stuck for hours and hours. There really is no incentive to mine. Plus no difficulty retargeting and silly 10 min blocks

3. Keep a backup of the wallet file on a secondary storage device. This one should be obvious.

4. Write a stupid shell or perl script to automate sending coins once sign-up phase has ended.

+1.

Dev, don't make it too complicated for yourself.

Create a new coin with the same specs, but 90s-3min block targets. Keep the same address database. Redistribute. If you want, add another 25,000 free stakes so people that didn't get a chance to register can.

THIS would be fair! It is NOT fair when Dev is cheating (or loosing or whatever) thousands of stakes!!!! Latter in best case is just plain incompetent.
Take your second chance Dev. People would honor this as a fair move from you.

[Momimaus]

shit happens. Where is the problem?

3 possibilities:

1. Just give up the remaining coins. so we have 35 Mill- and now? Thats fair

2. Generate the 15 Mil and distribute them to the first 35 Mil addresses in an equal manner. Thats fair

3. Rerun the ipo for exact 15 Mil. Thats fair.


So the devs have to choose, but its still ok and fair. Mistakes happen every day, und the guys who registered and get no coins? Unlucky, but Jesus Christ the coins are free, and you missed a small opportunity with a very small chance. No reason to cry.

[y3804]

So there are obviously a few lessons here:

1. First, its hard to create a fair coin like this though the devs tried to minimize it by checking for proxy, having a token system. Still if someone was really determined, you can click every hour and maybe if you don't have much of a life and suffering from insomnia, could get say 50000 coins

2. Keeping the PoW reward so small initially discouraged miners, so transactions and confirms stayed stuck for hours and hours. There really is no incentive to mine. Plus no difficulty retargeting and silly 10 min blocks

3. Keep a backup of the wallet file on a secondary storage device. This one should be obvious.

4. Write a stupid shell or perl script to automate sending coins once sign-up phase has ended.

+1.

Dev, don't make it too complicated for yourself.

Create a new coin with the same specs, but 90s-3min block targets. Keep the same address database. Redistribute. If you want, add another 25,000 free stakes so people that didn't get a chance to register can.

THIS would be fair! It is NOT fair when Dev is cheating (or loosing or whatever) thousands of stakes!!!! Latter in best case is just plain incompetent.
Take your second chance Dev. People would honor this as a fair move from you.

Actually I'm wrong. I'm an idiot. If he creates a new genesis block, all the addresses wil be invalid. There's no way to make this fair if we relaunch. Most people don't even have an account on BCT.

The only solution for this version of FairCoin is to keep moving on, prob create a donation fund or something.

If the dev really wants to, delete FairCoin, create FairCoin v2. Exactly the same setup, but we have to register all our addresses again, starting from 0.

Some questions to be answered

1. Did you try dumping private key with PyWallet?
2. Is it possible to eliminate the 15M remaining coins? I fail to see how this could be done. If yes, then maybe just add another 15M, delete the previous 15M and run an IPO for those 15M with 5 hour delay tokens to make it as fair as possible... however I think it's impossible

[FaircoinExchange]

Couldn't they just hardfork the client with an input of the lost 15k as a hardcoded transaction? and then continue the distribution as normal from that address, so anyone with the old client would be left on a dead blockchain?

[jajunk77]

2. Generate the 15 Mil and distribute them to the first 35 Mil addresses in an equal manner. Thats fair

Uh, what? Why wouldn't you just give them to the addresses that didn't get their tokens... sounds more fair to me.

With all the blocked IPs I saw with this coin, my guess is this is a major scam... good luck all.

[y3804]

Couldn't they just hardfork the client with an input of the lost 15k as a hardcoded transaction? and then continue the distribution as normal from that address, so anyone with the old client would be left on a dead blockchain?

You seem to know your stuff. Why not PM the dev and give him a helping hand?? Maybe you could save us

[unick]

I think hardfork to make sure the "lost" addresses aren't used will save this coin.

Relaunch is definitely not an option.

If some people here complain NOT to have received their coins, well my first reaction is to say "shit happens". On the other hand, some honest people have been left out.  Maybe something can be done to help them... like 1 share per person who claims it (once).  Any how i saw a few people here complaining about that... it's not that many, maybe even the devs can make up for their mistake and send 1000 FAC to those people with the bounty funds... there maybe is 10-15 people that complained not having received any FAC. shouldn't be that big of a problem.

Please dev, when you guys take the time to update, be more specific and clear about what you are doing, some of us would like to know and it's better to keep it as transparent as possible.

[duazo]

Couldn't they just hardfork the client with an input of the lost 15k as a hardcoded transaction? and then continue the distribution as normal from that address, so anyone with the old client would be left on a dead blockchain?

Yep, they could. And do something about the PoW block reward while they're hard forking.

[Amph]

i got an idea

just build up a faircoin 2.0 with only 15M coin, and give them to the people of the previous faircoin

in the end there will be two faircoin one with 35M and the other with 15M, like yang and yin

[hypersire]

I think the best option is to simply start over. There were pages upon pages of complaints about the CAPTCHAs, not understanding the tokens, etc. - now with lessons learned, relaunch the giveaway now that everyone fully understands how it works and then nobody can complain (except maybe the guy who stayed up all night exploiting the system  )

Also, a relaunch would allow the devs to implement the faster block times that everyone is requesting as well as take into consideration any other valid suggestions.

[aiesecliyang]

Hello everyone,I just creat a Chinese faircoin website as fac china official site.
The address is: http://fair-coin.net/
Guys please be patient,complain and say bad words mean nothing,problem already happened.

Please be mature,if dev can not fix the wallet,things still need move on,please remember,fac is free.The first 35 million is distributed by the rule ,everybody knew,nothing need to complain,I also have most of my stakes lost.

So next things to do
1.if dev fix wallet it is cool everyone happy,if not make sure the 15m will never appear in the world
2.continue marketing
3.we need to donate some to dev if they lost all the coin,they made a mistake,but we never knew send 35k times in 2 days from one wallet what will happen,.We can not blame someting we dont know.
4.we need to create a fundation ,if someone without coins and should get before,just give them some,dev can make some system to make sure this
5.actually as I know the last 15 m, most got by some bot ,multi ips,and people with a lot of stakes,maybe fairer,just remove the most unfair part.
6.Let the one who cry everyday who blame everyday leave,they cry everywhere,everyday.

Anyway we still alive,and this coin still the most fair in all the coins released.Less blame more work please.We are not children,fair is not absolute, death is fair for everyone,but no one like it.
Regards fac china team.

[miramare]

Hello everyone,I just creat a Chinese faircoin website as fac china official site.
The address is: http://fair-coin.net/
Guys please be patient,complain and say bad words mean nothing,problem already happened.

Please be mature,if dev can not fix the wallet,things still need move on,please remember,fac is free.The first 35 million is distributed by the rule ,everybody knew,nothing need to complain,I also have most of my stakes lost.

So next things to do
1.if dev fix wallet it is cool everyone happy,if not make sure the 15m will never appear in the world
2.continue marketing
3.we need to donate some to dev if they lost all the coin,they made a mistake,but we never knew send 35k times in 2 days from one wallet what will happen,.We can not blame someting we dont know.
4.we need to create a fundation ,if someone without coins and should get before,just give them some,dev can make some system to make sure this
5.actually as I know the last 15 m, most got by some bot ,multi ips,and people with a lot of stakes,maybe fairer,just remove the most unfair part.
6.Let the one who cry everyday who blame everyday leave,they cry everywhere,everyday.

Anyway we still alive,and this coin still the most fair in all the coins released.Less blame more work please.We are not children,fair is not absolute, death is fair for everyone,but no one like it.
Regards fac china team.

Nice job. Hope having good news tomorrow.

[VOVcoin]

Guys after the fail launch of Fair Coin we decided to make a new coin 100% pure PoS.

https://bitcointalk.org/index.php?topic=513160.msg5666130

[ZeroControl]

Guys after the fail launch of Fair Coin we decided to make a new coin 100% pure PoS.

https://bitcointalk.org/index.php?topic=513160.msg5666130

troll

[DailyModo]

20k FAC to sell any reasonbale price gets it, too much bs to follow up in here.

[stratoos]

Some idea:

Relaunch and we have to submit our private key to the website with a newly generated different coin address?
So the dev could check it that we have the stake, then make the new coin.

[Dawko]

Guys, we have a problem.

After sending out to about 35k, our wallet file became corrupted.
we're trying to recover the keys, but it's both encrypted and corrupted and at this point we have no idea how to recover them, if they are even there
(the keys might not even be there, if the client only flushed a part of the file)
If anybody can help out with that, please do so.

As of right now, the first ~35k addresses (we'll check the exact number soon) have been sent to,
and we can't access the remaining coins
so, this is bacially the same as having distributed to only 35k addresses instead of 50k
and the coin is still Fair, just not the exact way we intended.

We're happy to move forward if we have your support, trying to push it into exchanges, gambling sites, stores etc.
if not, we'll scrap the project and try again with lessons learned.

we also have the option of creating another coin and using the faircoin addresses database to distribute the new coin

what do you say?

Faircoin Team

Don't relaunch. Carry on with the 35 thousand addresses.

[heajin5921]

Guys, we have a problem.

After sending out to about 35k, our wallet file became corrupted.
we're trying to recover the keys, but it's both encrypted and corrupted and at this point we have no idea how to recover them, if they are even there
(the keys might not even be there, if the client only flushed a part of the file)
If anybody can help out with that, please do so.

As of right now, the first ~35k addresses (we'll check the exact number soon) have been sent to,
and we can't access the remaining coins
so, this is bacially the same as having distributed to only 35k addresses instead of 50k
and the coin is still Fair, just not the exact way we intended.

We're happy to move forward if we have your support, trying to push it into exchanges, gambling sites, stores etc.
if not, we'll scrap the project and try again with lessons learned.

we also have the option of creating another coin and using the faircoin addresses database to distribute the new coin

what do you say?

Faircoin Team

Don't relaunch. Carry on with the 35 thousand addresses.

Agree with you