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FrictionlessCoin
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March 04, 2014, 12:30:08 AM
 #41

If/when this coin goes up a ton, I feel we should create a means to donate to the Lakota people.  They only premined 50 million coins which is way too little in my opinion.  I'd like to see them do MUCH better.

That's why I am trying to convince them that they should cut the mining only up to 125 million coins and then go down to 50 coins per block.  That way they get around 40% of all coins.

I think the original developer was a complete idiot in designing the subsidy.


      
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March 04, 2014, 12:31:15 AM
 #42

If/when this coin goes up a ton, I feel we should create a means to donate to the Lakota people.  They only premined 50 million coins which is way too little in my opinion.  I'd like to see them do MUCH better.

That's why I am trying to convince them that they should cut the mining only up to 125 million coins and then go down to 50 coins per block.  That way they get around 40% of all coins.

I think the original developer was a complete idiot in designing the subsidy.
Are you in contact with them?

I think the numbers you put forth would be a bit too drastic as that would result in an instamine for the early adopters.  But I would like something worked out where the Lakota get much more.
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March 04, 2014, 12:38:40 AM
 #43

hesitant to get in @ 0.00001818

You can always get in when it hits cryptsy.  Of course, it could be up 1,000% by then.

alright guys.. bought ~30K @ 0.00001850

thanks OP for the tip.
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March 04, 2014, 12:48:27 AM
 #44

hesitant to get in @ 0.00001818

You can always get in when it hits cryptsy.  Of course, it could be up 1,000% by then.

alright guys.. bought ~30K @ 0.00001850

thanks OP for the tip.

.54 BTC?!  Man... you'll regret how little you just bought.


      
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FrictionlessCoin
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March 04, 2014, 12:50:20 AM
 #45

If/when this coin goes up a ton, I feel we should create a means to donate to the Lakota people.  They only premined 50 million coins which is way too little in my opinion.  I'd like to see them do MUCH better.

That's why I am trying to convince them that they should cut the mining only up to 125 million coins and then go down to 50 coins per block.  That way they get around 40% of all coins.

I think the original developer was a complete idiot in designing the subsidy.
Are you in contact with them?

I think the numbers you put forth would be a bit too drastic as that would result in an instamine for the early adopters.  But I would like something worked out where the Lakota get much more.

I think you need to take a look at the block-explorer.

After the 50 million coins that were mined, the difficulty shot through the roof.

In fact the difficulty now is completely ridiculous!    You barely get enough coins with a 1 THs miner... which honestly is crazy for a coin less than a month old.


      
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.......Whitepaper.......
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bcd
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March 04, 2014, 12:50:26 AM
 #46

hesitant to get in @ 0.00001818

You can always get in when it hits cryptsy.  Of course, it could be up 1,000% by then.

alright guys.. bought ~30K @ 0.00001850

thanks OP for the tip.

.54 BTC?!  Man... you'll regret how little you just bought.

most of my btc are struck with other alts unfortunately. heh
FrictionlessCoin
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March 04, 2014, 12:51:35 AM
 #47

hesitant to get in @ 0.00001818

You can always get in when it hits cryptsy.  Of course, it could be up 1,000% by then.

alright guys.. bought ~30K @ 0.00001850

thanks OP for the tip.

.54 BTC?!  Man... you'll regret how little you just bought.

most of my btc are struck with other alts unfortunately. heh

Other alts that really have no future.  Most alts are gimmicks... nothing really holding them up.

This one is the first coins of a sovereign nation.  You can't ban this stuff.   China can't ban this stuff!


      
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.......Whitepaper.......
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March 04, 2014, 12:57:28 AM
 #48

What's the population of Lakota Nation?
How do they expect to get this coin into circulation? Aren't most natives poverty stricken, addiction bound, and uneducated?

What am I missing here?

bcd
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March 04, 2014, 12:58:48 AM
 #49

What am I missing here?

train.
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March 04, 2014, 12:59:36 AM
 #50

What's the population of Lakota Nation?
How do they expect to get this coin into circulation? Aren't most natives poverty stricken, addiction bound, and uneducated?

What am I missing here?

Everyone knows the indians like handouts. This will go over great with them.  Grin
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March 04, 2014, 01:00:51 AM
 #51

What's the population of Lakota Nation?
How do they expect to get this coin into circulation? Aren't most natives poverty stricken, addiction bound, and uneducated?

What am I missing here?

It doesn't matter that there are just 10 people in the entire reservation!

What matters is that it is recognized as the official currency of the Lakato Nation.  This is a sovereign nation.

Do you understand what that means?

It means it is "Legal Tender".   You can't ban currency of another nation.

DO YOU UNDERSTAND???



      
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.......Whitepaper.......
.
██████████████████████████████████████████████████████████████████████████████████████████████
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March 04, 2014, 01:02:50 AM
 #52

http://www.telegraph.co.uk/technology/news/10668018/Native-Americans-adopt-bitcoin-clone-as-official-currency.html
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March 04, 2014, 01:04:25 AM
 #53

What's the population of Lakota Nation?
How do they expect to get this coin into circulation? Aren't most natives poverty stricken, addiction bound, and uneducated?

What am I missing here?

Everyone knows the indians like handouts. This will go over great with them.  Grin

Another clueless remark.

Sovereign Indian Nation -  Here is the wikipedia entry:

http://en.wikipedia.org/wiki/Tribal_sovereignty_in_the_United_States

Tribal sovereignty in the United States is the inherent authority of indigenous tribes to govern themselves within the borders of the United States of America.

That is why Indian nations can run Casinos in the U.S..  In general only State governments can run gambling in the U.S.




      
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TrollboxChamp
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March 04, 2014, 01:05:24 AM
 #54

was a joke.

http://www.telegraph.co.uk/technology/news/10668018/Native-Americans-adopt-bitcoin-clone-as-official-currency.html
FrictionlessCoin
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March 04, 2014, 01:05:44 AM
 #55


Yes, that means this is the only LEGAL crypto-currency in the entire U.S.


      
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.......Whitepaper.......
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miningpoolhub
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March 04, 2014, 01:07:28 AM
 #56

SHA-256 means individudal little gpu miner can't get in.

Only the ASIC miners can jump in, but they are busy with bitcoin mining.
I think algorithm must be changed to something else.


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empowering
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March 04, 2014, 01:12:45 AM
 #57

It looks like there is a bit of a spring starting to build up - the BTC's are starting to flow in...

Cool  Shocked


"A foolish consistency is the hobgoblin of little minds"
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March 04, 2014, 01:16:32 AM
 #58

It looks like there is a bit of a spring starting to build up - the BTC's are starting to flow in...

Cool  Shocked



What is a possible true value for this coin if it gets adopted?
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March 04, 2014, 01:16:43 AM
 #59

It looks like there is a bit of a spring starting to build up - the BTC's are starting to flow in...

Cool  Shocked



The only thing holding down this coin is the crappy exchange where it is traded.



      
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██
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███ ██
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███ ██
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 ██  
  █

.......Whitepaper.......
.
██████████████████████████████████████████████████████████████████████████████████████████████
.
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bcd
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March 04, 2014, 01:20:06 AM
 #60

It looks like there is a bit of a spring starting to build up - the BTC's are starting to flow in...

Cool  Shocked



The only thing holding down this coin is the crappy exchange where it is traded.



I tweeted @mintpalexchange to get this coin onboard quick.
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