PopulaceCoin (OP)
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March 05, 2014, 04:52:55 PM
Last edit: May 02, 2014, 08:43:56 AM by PopulaceCoin |
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Notice (History of POC team, How the problem Occur and were Discover. ):Frankly the POC was developed and managed by a dynamic team. The goal of the team was to provide a popular, fair, and ASIC resistantcryptocoin.
On March 6th, 2014, POC was launched, due to great promotion of the early management team, there were a lot of cryptocurrency fans participating in mining POC. POC became popular in very short time.
On March 9th, Voting for POC on MintPal was initiated. As the fast increase of votes, on march 21st, POC was top one on the Mintpal voting board.
March 23rd, 80% of the votes were removed because the votes was considered voting by bots. We think it was understandable. To make the votes reliable, we initiatedcollect BTC vote from the community. Up to 7 BTC was obtained. This makes us realized that we shouldlive up to their expectations.
On march 26th, Votes were NO.1 again.
March 27th, Start trading on MintPal. Transaction volume exceed 30BTC. Both online and offline transactions became more and more active. Based on our data, on April 2nd, the POC offline price is 3 Satoshi and transaction volume was about 100 million.on 3rd, 120 million POC exchanged at price 5 Satoshi.
However, since then, some of the early management members of POC communication groups were silentgradually, thus we have to attract more and more new people join the team for maintaining the wallet and for further development.
On April 8th, with excuse of no POC coins in hand to make money, all early core management team quit.
On April 12th, new development and operation team start operation.
On April 18th, new version of wallet was released, which made huge fix on source code of the old version and OpenSSL bug, also set checking point.
The POC coin was more and more popular. On April 20th, trading price on MintPal of POC exceeded 13 Satoshi in the morning, then the price stayed at around 10 Satoshi, during the afternoon, there were huge sell of POC, the price dropped to 8 Satoshi. There were also huge sell of POC continued until the price to 5-6 Satoshi that night. After collecting both online and offline transaction data in the community, statistic data indicated there may be some coins come from unidentified origin. If so that would be a disaster to the POC community, thus the management team start block browser developing immediately. Block browser development was completed at 23:00, GMT8, then the team start checking on each block that night.
At about 0:30 April 21st, block 1224 was found generating 3 billion coins, which was near 3 times of the legal mined coins! Thus, we, the new operation team delivered an emergency announcement that noted potential unusual trading risk. The operator communicated with MintPal and Ecoinfound immediately for suspending of POC trading, in order to protect the interest of investors and miners. We also checked the earliest wallet and we found the people compiling the windows wallet cheating all team: the source code and Linux wallet is well, but the windows wallet was modified. After hours of discussion within management team, a relative better plan on protecting interest of investors and miners was made at 8:00 GMT8. Investors and miners were noticed through online communication groups to withdraw wallet, screenshot and backup wallet documents as certificate of cashing benefit in future and the management team left 12 hours for as much as possible investors and miners to complete this task. An announcement described the whole story of this event was made at 22:00 o’clock.
Though, we, the new POC team, did not create the disaster, we feel very sorry for not founding this evil accident in early stage. So we will try our best to separate illegal coins and legal coins to guarantee the interest of the real miners and legal investors. ALL legal coins would be compensated with Sharkcoins through IPO with premining Sharkcoin. For details, please note other announcement of the Sharkcoin.
Your’s
The New team of POC.The registration of POC legal owners will end at 16:00 o’clock, April 25th, 2014 (UTC). All the POC legal holders, please send us screenshot of POC wallet balance and proof of lawful origin (including wallet mining income record and website transaction records, etc ). All the materials should be sent to sharkcoin@gmail.com before deadline.The SharkCoin is here.Downloads
Updates
- 18/04/14 - PopulaceCoin v1.1 Released (OpenSSL fix, Checkpoint)
- 06/03/14 - PopulaceCoin v1.0 Released
Install New Wallet
- Note: Backup your wallet.dat before intsall!
- Windows
- Download and unzip "populacecoin-qt.zip"
- Launch your wallet, then open the "%APPDATA%" folder
- Warning: In the populacecoin folder, you must delete "peer.dat" when upgraded from 1.0, create a file called "populacecoin.conf" (if it already exists, delete it and create a new one)
- Copy the following info below and paste it into "populacecoin.conf"
- rpcuser=user
rpcpassword=password
server=1
addnode=192.200.115.101 - Save and close the file
- Copy your backup wallet.dat back to this folder
- Restart your populacecoin wallet
- Debian / Ubuntu New Install
- We Strongly recommend that you delete all old populacecoin folder after backup wallet.dat file and do a new clean installation. Proceed with the following steps.
cd ~
apt-get update
apt-get dist-upgrade
apt-get install -y git make g++ build-essential libminiupnpc-dev libdb++-dev libgmp-dev libssl-dev dos2unix libboost-all-dev
git clone https://github.com/populacecoins/populacecoin
cd populacecoin/src
chmod +x leveldb/build_detect_platform
make -f makefile.unix USE_UPNP=-
cd ~
mkdir -p .populacecoin
echo 'rpcuser=user
rpcpassword=password
listen=1
server=1
daemon=1
addnode=192.200.115.101' > .populacecoin/populacecoin.conf
cd populacecoin/src
./populacecoind --daemon
./populacecoind getmininginfo
- POC is short for PopulaceCoin, Launched at March 6th, 2014. The total amount of POC is closed to world population(7.057 billion). Based on super secure Hash which includes six kind of Encryption Algorithm (blake, bmw, groestl, jh, keccak, skein）and nine round of operation, POC is fit for CPU ming, and it can produce a block per 30 seconds, the total amount is 7.057 billion. It can be mined by CPU and GPU, not by Asic, in order to avoid operation monopoly and keep high participatory. POC, truly fair and impartial electronic money, is made by professional team consisted by multinational talented persons. We welcome all users and investors to join us.
Goals
- Designed to be widely spread amongst population all over the World
- Achieve massive adoption as a major crypto-currency
- Provide long-term open source development, support and maintenance
- Promote a large-scale decentralized mining community
- Aims to become a viable payment option in online gaming and online shopping
Specification
- NO PREMINE
- Fairness and Justice: In the first 2 days, coins from each block is only 2048, which is much lower than the 20480 coins under normal condition
- Ultra-secure: includes six kind of Encryption Algorithm (blake, bmw, groestl, jh, keccak, skein）and nine round of operation
- Block time: 30 seconds
Block
- 1-5760 blocks: 2048 POC per block
- 5761-17280 blocks: 20480 per block
- 17281-51840 blocks: 10240 per block
- 51841-155520 blocks: 5120 per block
- 155521-466560 blocks: 2560 per block
- 466561-1399680 blocks: 1280per block
- 1399681～blocks: 640 per block
Developers
- The POC development team consists of 5 core members from various countries. Because of internet, we join together. From unfamiliar to be familiar with and from individual to a team, we are making the most legendary and innovatory change in cyberspace. We believe that Bitcoin and electronic virtual currency would influence and change the way of human transaction dramatically which would change human life and the way of development. In the era of Bitcoin, industry chain of human beings would be reconstructed and there would be more relevant products based on Bitcoin system. It is not only the needs of cyberspace, but also the needs of survival.
Donation
- BTC Donation Address: 1F5FV9vVXgYggaZtMcirEbc2R7T4YfpSR
- POC Donation Address: Qc58nwVBT87TYWCDd8H8VYx11qw3wbCyxM
- Donation confirmation: sent e-mail to pocdevteam@gmail.com if you want to donate BTC or POC, and describe clearly about the donating amount, your name and contact information(e-mail address)
- Management of Donated Assets: Donated assets are registered and managed by financial department of POC team and transparency and use of assets would be published regularly.
- Direction for Use：Donated assets would be used to protect and maintain team development, protect and maintain the function and functional development of POC, hold all kinds of promotional campaign, promote the improvement of the value of POC and guarantee that miners can have long-term benefits.
Community
Block Explorers
Standalone Miners CPU & GPU
Pools
Exchanges and Trading
Games
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