[PCN] ProCoin: ♕ Get Some! ♕ | Build A Service - Get A Bounty - Web Wallet

[BiffyMcBifferstein]

2% premine ,total 1000000000,scrypt,I don't like

I've actually been trying to give out 75% of the pre-mine in March and April but there really haven't been many takers, so what I'm going to have to do for the long term benefit of the coin is hang onto the pre-mine until it has some worthwhile value (right now the entire pre-mine is worth a whopping $500!) and it will then incrementally be spent on things the project needs.

Please note there's a pre-mine ledger at the bottom of this page: http://www.teamprocoin.com/about/

The marketing and promotion of the coin will have to be handled by myself and the community right now.  Once the pre-mine does grow it can be spent on development and marketing and then a lot more can happen quickly.

The upgrade to version 2 will be significant but also expensive (good devs don't come cheap) and a lot of pre-mine will go to that.  Plus I'll be looking for ongoing press releases, guest posts, and much more.  I'm paying costs out of my own pocket right now but as the project gains momentum hopefully that won't be the case indefinitely, as that also is keeping the project back from its potential as I don't have an endless budget.

There's a press release going out in around a week via PR newswire (these don't come cheap), plus I'll be doing a lot more blogging and related activities.  Major Miners is handling much of the social side of the project as he's much better at that than I am.  I know it's very, very early days, but people who see potential in this project and get involved can really help to move this all forward.  Spending time helping in this project is actually also helping to increase the future value of your ProCoin holdings, so getting involved can help turn your time investment into potentially a lucrative return on financial investment later in the year.

I'm enjoying mining this coin but, as I said to MajorMiners, I have "minted" twice and this is not a (known) POS coin.  I'm ok if this wallet will occasionally mint and not cause some sort of fork, but if this is going to cause an issue, you should know it now.

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[majorminers]

2% premine ,total 1000000000,scrypt,I don't like

I've actually been trying to give out 75% of the pre-mine in March and April but there really haven't been many takers, so what I'm going to have to do for the long term benefit of the coin is hang onto the pre-mine until it has some worthwhile value (right now the entire pre-mine is worth a whopping $500!) and it will then incrementally be spent on things the project needs.

Please note there's a pre-mine ledger at the bottom of this page: http://www.teamprocoin.com/about/

The marketing and promotion of the coin will have to be handled by myself and the community right now.  Once the pre-mine does grow it can be spent on development and marketing and then a lot more can happen quickly.

The upgrade to version 2 will be significant but also expensive (good devs don't come cheap) and a lot of pre-mine will go to that.  Plus I'll be looking for ongoing press releases, guest posts, and much more.  I'm paying costs out of my own pocket right now but as the project gains momentum hopefully that won't be the case indefinitely, as that also is keeping the project back from its potential as I don't have an endless budget.

There's a press release going out in around a week via PR newswire (these don't come cheap), plus I'll be doing a lot more blogging and related activities.  Major Miners is handling much of the social side of the project as he's much better at that than I am.  I know it's very, very early days, but people who see potential in this project and get involved can really help to move this all forward.  Spending time helping in this project is actually also helping to increase the future value of your ProCoin holdings, so getting involved can help turn your time investment into potentially a lucrative return on financial investment later in the year.

I'm enjoying mining this coin but, as I said to MajorMiners, I have "minted" twice and this is not a (known) POS coin.  I'm ok if this wallet will occasionally mint and not cause some sort of fork, but if this is going to cause an issue, you should know it now.

I'm running a test with a wallet right now and I haven't encountered this phenomena so far.

[sgi02]

I'm enjoying mining this coin but, as I said to MajorMiners, I have "minted" twice and this is not a (known) POS coin.  I'm ok if this wallet will occasionally mint and not cause some sort of fork, but if this is going to cause an issue, you should know it now.

Could you post a screenshot of this phenomenon please?

[majorminers]

I'm enjoying mining this coin but, as I said to MajorMiners, I have "minted" twice and this is not a (known) POS coin.  I'm ok if this wallet will occasionally mint and not cause some sort of fork, but if this is going to cause an issue, you should know it now.

Could you post a screenshot of this phenomenon please?

Here's the screenshot from MSG 460:

https://www.dropbox.com/s/u54tsbnojndy67g/procoin.png

[BiffyMcBifferstein]

I'm enjoying mining this coin but, as I said to MajorMiners, I have "minted" twice and this is not a (known) POS coin.  I'm ok if this wallet will occasionally mint and not cause some sort of fork, but if this is going to cause an issue, you should know it now.

Could you post a screenshot of this phenomenon please?

Here's the screenshot from MSG 460:

https://www.dropbox.com/s/u54tsbnojndy67g/procoin.png

I'm getting a THIRD minting.  I compared to MajorMiners, the only pool I'm using.  There are matching payouts for:
31.5631 at 16:03
28.28693 at 16:35

IN BETWEEN THOSE, there's a single "Mined" (the typical minting process) for 23.33635 at 16:34.  I can find nothing from MajorMiners and I'm not solo mining.  I'm happy to get what seems to be free Procoin, but I am worried what this may cause to the  process at large.

[BiffyMcBifferstein]

I'm enjoying mining this coin but, as I said to MajorMiners, I have "minted" twice and this is not a (known) POS coin.  I'm ok if this wallet will occasionally mint and not cause some sort of fork, but if this is going to cause an issue, you should know it now.

Could you post a screenshot of this phenomenon please?

https://www.dropbox.com/s/b56abpmpexn4vwt/Procoin2.png <--- This shows the last four transactions, but it's the top three I mentioned in my previous post.  The floating tooltip you see is in regards to the "Mined" transaction.

[sgi02]

Retracted.

[BiffyMcBifferstein]

Thanks for the info on minting everyone, good to know. This coin has phenomenal branding and incredible potential looking forward, but these technical issues are quite serious, and that worries me.

you're welcome.  The only other info I can provide is just basic info:
- Wallet is Mac (version 0.6.3.0)
- OS is 10.9.2
- Wallet is encrypted AND locked

Unlike all the other POS wallets, this one is minting through a locked wallet (something that would be nice if THEIRS actually did). 

[majorminers]

I'm not seeing this on Windows...



I'm sure the Dev team will track it down.

I think it's a good time to keep mining/buying PCN right now. The value is extremely low, even for a new altcoin.

It's been a tough week for all coins, so it's not really surprising. Brighter days are just around the corner.

The Block Finder Bonus special continues at Major Miners. http://pcn.majorminers.com/

[dewon]

2% premine ,total 1000000000,scrypt,I don't like

So heavy premine makes the coin be a potential scam.
Keep it away.

[BiffyMcBifferstein]

I'm not seeing this on Windows...



I'm sure the Dev team will track it down.

I think it's a good time to keep mining/buying PCN right now. The value is extremely low, even for a new altcoin.

It's been a tough week for all coins, so it's not really surprising. Brighter days are just around the corner.

The Block Finder Bonus special continues at Major Miners. http://pcn.majorminers.com/

As I said, as long as this weirdness is not causing any forks, my wallet is welcome to keep minting.  I'll take "freebies!" 

[majorminers]

2% premine ,total 1000000000,scrypt,I don't like

So heavy premine makes the coin be a potential scam.
Keep it away.

No, we aren't going to 'keep it away' just because you say it will be a potential scam.

Right now the 2% pre-mine has an approximate value of $200. If The Dev was going to scam for that low of an amount of money, he'd have to be almost as dumb as random forum posters. He's a lot more ambitious than that 

BTW, since you're randomly popping off in threads, which one of these do you like best?

[LawrenceHRuddlebacher]

I'm new to this. Why is a pre-mine so controversial?

[majorminers]

I'm new to this. Why is a pre-mine so controversial?

The thought is that the coin dev will dump the pre-mine and leave the miners in the lurch because of a falling price.

It seems that controversy is becoming somewhat outdated, though, as newer coins now have 50%, 75% and even higher pre-mines.

If anyone was seriously speculating on this coin, they could purchase $250 worth and own a larger amount of coins than the Dev has. That renders the argument laughable at this stage of the game. However, there are a lot of negative people in the world and they need something to say, so this is it.

[LawrenceHRuddlebacher]

I'm new to this. Why is a pre-mine so controversial?

The thought is that the coin dev will dump the pre-mine and leave the miners in the lurch because of a falling price.

It seems that controversy is becoming somewhat outdated, though, as newer coins now have 50%, 75% and even higher pre-mines.

If anyone was seriously speculating on this coin, they could purchase $250 worth and own a larger amount of coins than the Dev has. That renders the argument laughable at this stage of the game. However, there are a lot of negative people in the world and they need something to say, so this is it.

https://i.imgur.com/kn6ItaJ.png

Ok I get it now. But this 2 per cent is not going to hurt the price is it?

[majorminers]

I'm new to this. Why is a pre-mine so controversial?

The thought is that the coin dev will dump the pre-mine and leave the miners in the lurch because of a falling price.

It seems that controversy is becoming somewhat outdated, though, as newer coins now have 50%, 75% and even higher pre-mines.

If anyone was seriously speculating on this coin, they could purchase $250 worth and own a larger amount of coins than the Dev has. That renders the argument laughable at this stage of the game. However, there are a lot of negative people in the world and they need something to say, so this is it.

Ok I get it now. But this 2 per cent is not going to hurt the price is it?

Nope. Even if it was dumped by The Dev for some reason, it would have a negligible impact on share price.

Over 42 million PCN have already been pre-mined and that number is going to continue: http://sancrypto.info/index/show/PCN/



Here's a look at the social media branding I've been working on. I think it's a pretty decent effort. I wanted to get the idea across that ProCoin is for business, people friendly, and accessible. Hopefully I'm getting that message across.

Thanks for your continued support Lawrence! It means a lot. 

[BiffyMcBifferstein]

Ok, so.... I noticed with my latest "Mined" amount, it's part of some total 1000 coin payout to a bunch of different people (see block explorer page http://cryptexplorer.com/block/31afdea33178041493f24139f62a01259f55e37b7eb030ab7443b3204d03f23b).

What's more interesting is that it went to my "Biffy" address, which suggests someone sent it there, even though the wallet is showing it as some "mined" amount.  Is somebody making payments out to us?

I have no intention on going back through the explorer to double check other mysterious entries.

[LawrenceHRuddlebacher]

I'm new to this. Why is a pre-mine so controversial?

The thought is that the coin dev will dump the pre-mine and leave the miners in the lurch because of a falling price.

It seems that controversy is becoming somewhat outdated, though, as newer coins now have 50%, 75% and even higher pre-mines.

If anyone was seriously speculating on this coin, they could purchase $250 worth and own a larger amount of coins than the Dev has. That renders the argument laughable at this stage of the game. However, there are a lot of negative people in the world and they need something to say, so this is it.

https://i.imgur.com/kn6ItaJ.png

Ok I get it now. But this 2 per cent is not going to hurt the price is it?

Nope. Even if it was dumped by The Dev for some reason, it would have a negligible impact on share price.

Over 42 million PCN have already been pre-mined and that number is going to continue: http://sancrypto.info/index/show/PCN/

https://i.imgur.com/7UqZ4Fp.png

Here's a look at the social media branding I've been working on. I think it's a pretty decent effort. I wanted to get the idea across that ProCoin is for business, people friendly, and accessible. Hopefully I'm getting that message across.

Thanks for your continued support Lawrence! It means a lot. 

Looks pretty business like to me. I joined the facebook and twitter.

[majorminers]

Ok, so.... I noticed with my latest "Mined" amount, it's part of some total 1000 coin payout to a bunch of different people (see block explorer page http://cryptexplorer.com/block/31afdea33178041493f24139f62a01259f55e37b7eb030ab7443b3204d03f23b).

What's more interesting is that it went to my "Biffy" address, which suggests someone sent it there, even though the wallet is showing it as some "mined" amount.  Is somebody making payments out to us?

I have no intention on going back through the explorer to double check other mysterious entries.

Biffy, block rewards are 1,000. You must be mining somewhere and are being sent transactions. Double check.

Thanks for the feedback, Lawrence.

The social accounts are being updated now. Please make sure to follow:

TeamProCoin Twitter: https://twitter.com/teamprocoin
TeamProCoin Facebook: https://www.facebook.com/teamprocoin

[BiffyMcBifferstein]

Ok, so.... I noticed with my latest "Mined" amount, it's part of some total 1000 coin payout to a bunch of different people (see block explorer page http://cryptexplorer.com/block/31afdea33178041493f24139f62a01259f55e37b7eb030ab7443b3204d03f23b).

What's more interesting is that it went to my "Biffy" address, which suggests someone sent it there, even though the wallet is showing it as some "mined" amount.  Is somebody making payments out to us?

I have no intention on going back through the explorer to double check other mysterious entries.

Biffy, block rewards are 1,000. You must be mining somewhere and are being sent transactions. Double check.

Thanks for the feedback, Lawrence.

The social accounts are being updated now. Please make sure to follow:

TeamProCoin Twitter: https://twitter.com/teamprocoin
TeamProCoin Facebook: https://www.facebook.com/teamprocoin

Not mining anywhere else for Procoin.  Accordingly, the wallet would show me an incoming for the appropriate labeled address.  Biffy is what it said when you made your donation to me when I first started.  But this... is different.  It's an amount not attached to a label, yet that's the address it's using.  It's very strange.

I stand by my statement... if this is not causing any problems now or down the line, the mysterious payments can keep coming.