★★★★ [CAIx] ★ First 100% PoS At Launch ★ PSP ★★★★

[chocobo]

is there more news coming?

[1714758625]

1714758625

[DARKANGEL6415]

very good! cant wait for more details 

If it is good news im all down for that but can you tell me what is POS and why is it better than whatever they use now

[smoky001]

very good! cant wait for more details 

If it is good news im all down for that but can you tell me what is POS and why is it better than whatever they use now

It is an alternative of mining with hardware - POW (Proof of work) -> POS (Proof of Stake) it means coins in your wallet are generating more coins without need of wasting money on hardware and energy, it will also rise the price because only way to get the coins is to buy them

[DARKANGEL6415]

very good! cant wait for more details 

If it is good news im all down for that but can you tell me what is POS and why is it better than whatever they use now

It is an alternative of mining with hardware - POW (Proof of work) -> POS (Proof of Stake) it means coins in your wallet are generating more coins without need of wasting money on hardware and energy, it will also rise the price because only way to get the coins is to buy them

I see and if i may ask how does holding on to the coins generate more coins? Also do they need to be in a physical wallet on my computer or do the coins i have sitting in exchange like mintpal or poloniex also " generate more coins " just for having a balance? Sorry for this questions like i said im a noob lol i just point miner and thats it lol

[UNO_owner]

very good! cant wait for more details 

If it is good news im all down for that but can you tell me what is POS and why is it better than whatever they use now

It is an alternative of mining with hardware - POW (Proof of work) -> POS (Proof of Stake) it means coins in your wallet are generating more coins without need of wasting money on hardware and energy, it will also rise the price because only way to get the coins is to buy them

I see and if i may ask how does holding on to the coins generate more coins? Also do they need to be in a physical wallet on my computer or do the coins i have sitting in exchange like mintpal or poloniex also " generate more coins " just for having a balance? Sorry for this questions like i said im a noob lol i just point miner and thats it lol

Feel free to ask, but google is going to give you better, more complete answers than what you are going to get here. 

[StolenCoinSalesman]

If anyone have lost it

The main page and twitter have this update:

"CAI is going full PoS, mining will be limited to a short period of time. Full details will be announced tomorrow on bitcointalk"
https://twitter.com/JStuhlman/status/458419916228407296

IM new so i don't understand what this means is this good or bad?

15 hours since that tweet? Where is the news?

[btctradingonline]

If anyone have lost it

The main page and twitter have this update:

"CAI is going full PoS, mining will be limited to a short period of time. Full details will be announced tomorrow on bitcointalk"
https://twitter.com/JStuhlman/status/458419916228407296

IM new so i don't understand what this means is this good or bad?

it's better for trading, and not good for mining 

[Flomess]

Woah the price is going places 

[StolenCoinSalesman]

Woah the price is going places 

Yup and all those dumping now will cry later

[masterkiller]

CAI at Coin-Swap.net
Online Wallets are now active. Auto-Sell orders behave like the previous system.

Markets
CAI/BTC
CAI/DOGE

Attention Miners: AUTO-SELL
Miners! We have an auto-sell feature so you can set your mining pool address to your order address at Coin-Swap. This will continue to add what you mine to a single order instead of having an order open for each deposit. You can change the price of your order without having to cancel and create a new order. Simply change the price!

Attention Pool operators: Easier order management
Want to offer your payouts in BTC? Want less headache managing your orders? Contact us for more information and special rates.

Immediate Payouts when using Auto-Withdrawal feature
As soon as your order executes, we send you your coins. We do this to minimize your risk. This is why you need to fill out both your CAI and BTC addresses in your profile.

How to get started at Coin-Swap
Please read our Quick Start guide to help you get started!

Contact Us
If you have any problems or questions about setting up an order please feel free to contact us! coinswapnet at gmail.com or #coin-swap on Freenode.

Ian

[mkasiak]

I like how the price is climbing slowly since the coin is on Mintpal - exactly the same way as other coins which later went to the moon (and back a bit later, but it is other story   )

[smartaction]

Big announcement done on the first page of this threat


Update on our progress 4/22/2014

 Today We received great news concerning our first App Tiny Elementals , YouTube Video. The game was accepted by Apple store as well as Google store, so now we are prepping the servers for worldwide release this coming Friday. I need to remind everyone this is an open beta release and not all the features are implemented. There will be some nice surprises by the devs as I understand, the version I have on my Ipad and Iphone might be a bit different, but all that we will all get to experience together on Friday. Both Android and IOS versions will be released then.

That's not the only good news we have, CAI as we know it is changing, from full PoW to full PoS. This change will take place in no longer than 3 weeks. With change comes a change in Name and ticker, as well as a totally new client with new logo and features that will reflect these changes.
at the end of this week we will have a new client ready for download, Caishen will change to CAI and ticker will be CAIx.

 After the release of the new client anyone who owns CAI will be able to change it to CAIx . This process will be automated, you will be able to do this for a period of two weeks. You will be able to exchange any amount of CAI you own to CAIx and transfer to your new client. After this exchange period ends CAIx will be the new Ticker traded on exchanges. CAIx during this two weeks period will not be traded for anything but CAI and at a ratio of 1 to 1. CAI mining will continue till the end of the two weeks period and any CAI mined after that will not be exchanged to CAIx.

We decided not to hard fork CAI as that will carry a risk to the chain getting corrupted and since we are moving from 100% Pow To 100% PoS the exchange process is much safer. When the transition period ends CAIx will only be generated in PoS so anyone owning CAIx will get more CAIx.

With this change we bring CAIx to a new level where investors in our shares get to earn interest and gain higher value by our different projects we are working on. The coin count up to the end of the two weeks period is all the CAI we will have for exchanging. With this scenario also we have less to worry about from miners not interested in going all the way with us and replace that with investors who know value and where it will come from.
So far we have been generous to the miners and they have traded CAI for profitability, it's time now we take care of our investors who will be also our new miners, and for that to happen we all know the investors will gain more with what they hold. It's a winning proposal all around.
( PoS payments and details on how PoS will work for investors will be out by Friday, it will not be much different from the form used by BC or WC but CAI will have the smallest number of coins generated when the transfer happens to CAIx so no flooded market.

Now what are we doing to make CAI a success? Many things, we have plans for our apps/games revenue to be used to put buy orders on CAIx without the dumping part. We have plans for a traditional multipool to move miners to, but we also have plans for a new form of multipool that will bring in funds to buy CAIx without dumping on market. We all know by now the multipools popping up now for every other PoS coin can not be as profitable as the previous one and soon that market will eat itself out. So we will invest in a new form of multipool that will not work in that fashion. ( This new multipool will be announced at the right time, and we will inform our original investors of what this is about, however, now is not the right time to give details. We want to be first in this, and first is always better)

Our payment processing system for alts. We are about to start this project on Friday and we have invited some excellent developers to join us on this, this will be an entirely new way to process transactions for many altcoins for a fee. Any merchant that accepts Bitcoin will be able to accept altcoins with our payment processing system. How will this work? we will partner with a reputable exchange to process our transactions. Customer uses link from shop to our checkout page, pays in altcoin, our server will send the altcoin directly to the exchange and trade it for BTC, once that happens, our server will send signal to store to process the order. So the time to process the transaction will be much faster than using BTC. As with credit card transactions, merchants usually get paid to bank account by batch, which happens once a day. We on the other hand will make payments to merchants on hourly basis, so the transactions are even better than a credit card. The requirement for an altcoin to be on our system will only be stable volume on any exchange, and will not put a huge burden on the developer.

We will, as promised make our project a great revenue for investors and founders. We will be cooperating with any entity that will give us a push in the right direction. What we are doing now is creating the first company that will generate profits to investors beyond the speculation of the day trader. CAIx will not only be a crypto currency, it's a real crypto stock.

Joseph Stuhlman
4/22/2014

[epicradness]

whoa

[klopper]

whoa

whoa x100 

[kryptologist]

whoa

whoa x100 

I sure hope so but this news is underwhelming to say the least. Nothing new or good in my opinion. Price is inflated.

[Flomess]

100k Atm 

[kryptologist]

This "news" makes it even worse that is was instamined.

So they "pre-mined" 2% of all coins (at that time, over half a million), then they instamine another 1 million coin (keep that a secret). Now they say it is going PoS and there will only be 2 million coins total. So the devs have about 75% of all coins. Then give some bullshit news like a new game on iphone (used for pure pump hype, anyone gonna use this game?)

Devs, since you "openly" premined 2% of all coins then reduced the number of coins by over 90%, are you going to be giving your premine back to the community or something. At the moment, CAI seems like one of the biggest scams in the history of crypto.

I'm not here trying to put down this coin so please don't google pictures of trolls and post them here in response. I just looking for an explanation.

[quarkkid]

  I LOVE U MAN!    lol

[klopper]

This "news" makes it even worse that is was instamined.

So they "pre-mined" 2% of all coins (at that time, over half a million), then they instamine another 1 million coin (keep that a secret). Now they say it is going PoS and there will only be 2 million coins total. So the devs have about 75% of all coins. Then give some bullshit news like a new game on iphone (used for pure pump hype, anyone gonna use this game?)

Devs, since you "openly" premined 2% of all coins then reduced the number of coins by over 90%, are you going to be giving your premine back to the community or something. At the moment, CAI seems like one of the biggest scams in the history of crypto.

I'm not here trying to put down this coin so please don't google pictures of trolls and post them here in response. I just looking for an explanation.

Do you need a calculator?

2% is 56k not half a million... right?

And as far as i can see most of the premine was used to buy votes @ mintpal. Atleast 10 BTC worth at that time

[sakr]

CAI official p2pool

Please point your miners (ScryptN) here :

http://thepool.pw:2888

and use your CAI address as username

for example:

vertminer --scrypt-vert -o thepool.pw:2888 -u YourCAIPayoutAddress  -p x


you will receive payments directly to your wallet!

Why use P2Pool:

• You will get better rewards: P2Pools award transaction fees from black rewards to the miners
• Your mined coins will be deposited directly into your wallet, they are never held by any pool "operator" and cannot be lost due to incompetence or fraudulent behaviour.
• P2Pool is DDoS resistant, it is impossible to DDoS the entire peer-to-peer P2Pool network, at best all someone can do is knock a node offline, in which case your client will just switch to one of your failover nodes
• You do not have to register on any pool sites, etc. all you need is a CAI address which you will use as your username, and your rewards will be paid directly into your wallet.
• Even if the node you are using goes down, you will not lose a single microCAI of payment, as the network itself stores your pending rewards, and will distribute them to you as normal.