[ANN][0.9.0][NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 26

[nigeriacoin]

NigeriaCoin
Mar 26 Launch
Time: 01:00 WAT - 00:00 GMT - 20:00 EDT - 17:00 PDST
COIN IS OFFICIALLY LAUNCHED
http://www.altcoincalendar.info/coins/285-NGC
http://nigeriacoin.org

NigeriaCoin official song just released!!
https://www.youtube.com/watch?v=YJAT6fEn0zw

UPDATE:
NGC Proof of Burn - Coin Distribution Symmetry address has been generated.  The Proof of Burn premine has now been destroyed in it's entirety, slightly ahead of schedule.
http://explorer.nigeriacoin.org/address/NigeriaDestroyCurrencyHAhaHAmoSNy2


Description

NigeriaCoin is a peer-to-peer virtual protocol and currency and similar to Bitcoin and Litecoin. It is specifically designed with one primary differentiator, Coin Distribution Symmetry (CDS). CDS is an inflation adjustment mechanism to minimize dilution of share values from Proof of Work (PoW) mining. This provides both miners and investors with incentives to participate in the currency.

Why Nigeria?
"Nigeria is going to shoot past South Africa to become the largest economy in Africa on March 31." (nigeria giving sa a run for it's money, 2014)
Nigeria also has more citizens than Russia and actually has a quite tech savvy community.

Despite these positive things, Nigerians are still struggling with a centralized and corrupt central bank and currency.

"Nigeria’s currency, the naira, has stayed in free-fall, the day after the suspension of graft-fighting central bank chief Lamido Sanusi. Analysts say the move makes investors nervous and will encourage capital flight." (nigeria's currency tumbles, 2014).

In the country, a huge gap exists between the wealthy elite and the rest of the population. Some politicians vow to "fight corruption that keeps an elite fabulously wealthy while the majority of Africa's most populous nation ... struggle to survive on less than $1 a day, according to U.N. statistics."

Yet, due to a lack of transparency in the monetary system and a centralized currency, it is still widespread to a sickening degree. For instance, "no one has been prosecuted for a fuel subsidy scam uncovered in 2012, in which some $17 billion was paid to companies for fuel that never was delivered." (therepublic - nigeria missing billions, 2014).

Most foreigners know of Nigeria only for their 419 scams. NigeriaCoin acknowledges the struggles of the repressed population and salutes their creativity in trying to break free from the shackles of a corrupt government. Their entrepreneurial spirit and creativity has led them to an easy source of cash.

Edit: removed some controversial lines, original unedited text can be read on the whitepaper.

Specifications

• Latest Bitcoin Core 0.9.0 updates including Tx malleability fix
• Skein algorithm that runs cooler on GPUs and is 30% more energy efficient compared to Scrypt. It also dodges the Scrypt ASICs coming out for fairer initial distribution
• 2 minute block target (because anything less will have too many orphan blocks)
• 41900 coins per block (as suggested. it's just too funny to pass up. thank you otila)
• 88 billion total coins (NigeriaCoin loves the Chinese and the Chinese love 8's)
• Difficulty retargets every block using a modified Digishield adjustment
• 3% dev premine for bounties, giveaways, development, support and maintenance, new feature developments etc.
• Large Coin Distribution Symmetry block of 47% (NEW CONCEPT, we will destroy this premine via Proof of Burn to adjust for inflation created by PoW mining)

Whitepaper

http://www.scribd.com/doc/213646442/NigeriaCoin-whitepaper

Pools

• Please signup.  We want both MPOS and P2Pools.
• ngc.plasr.com/
• ngc.poolerino.com/
• ngc.sumpool.com
• asicpool.us/ngc/

Exchanges

• c-cex.com/index.html?p=ngc-btc
• More to come soon...

Source

• https://github.com/nigeriacoin

Wallets

• Updated v0.9.0.1 (lower transaction fees)
• Win32 Qt Sendspace Mega
• Win64 Qt Sendspace Mega
• MacOs Qt Sendspace Mega
• Lnx64 Qt Sendspace Mega
• Lnx32 Qt Sendspace Mega

Wallet SHA-256 Checksums

Code:

d94e8b3ff0bfe911416926cc3da816f3f84ade2405135732442b895d4a95c491  nigeriacoin-0.9.0-win32-setup.exe
113579d2976dfa3fa6fbf67355cb2464e363c4b5fc199e3537e1d8e59c72f1c4  nigeriacoin-0.9.0-win64-setup.exe
304921d82cb0537ee39f563bb261ab8eb41731b4e97c9bda9646c6a615287eb8  32/nigeriacoin-cli
7513fa140be8cf434b932eb506dbbb7e33f44d16c2c41a76be61d84067bf3718  32/nigeriacoin-qt
3eea1de33db0d86802543037769e9c637a964e02e57fc74d2169ef929bb27e92  32/nigeriacoind
b753241459adab58661c98bbdc4a50e550251a22dd191cb800bb7187d33a9987  64/nigeriacoin-cli
ca4b53a0246d3b03f50ed25a47f0469c3f716734242e3e2b842c0182a4be64f8  64/nigeriacoin-qt
970bab915629876f43fbcba90ba711f7d328333eee76b4a08f85ce0fbd7a3527  64/nigeriacoind
24e6b3f52861232a2b3c764e32cead60417826d092c5b914375660d8f1bc229b  Nigeriacoin-Qt.app/Contents/MacOS/Nigeriacoin-Qt

Malware Analysis
Win32 QT https://www.virustotal.com/en/file/a5b4d1a422aced1f09e12d830c23e33bd58484987765a7362b1a83276f837cc3/analysis/1395920343/
Win64 QT https://www.virustotal.com/en/file/070a16d1fe3b5a38b845043a6f1d29c433db369da2d4a6a3fbadc70304682340/analysis/1395920376/
LNX32 QT https://www.virustotal.com/en/file/7513fa140be8cf434b932eb506dbbb7e33f44d16c2c41a76be61d84067bf3718/analysis/1395920409/
LNX64 QT https://www.virustotal.com/en/file/ca4b53a0246d3b03f50ed25a47f0469c3f716734242e3e2b842c0182a4be64f8/analysis/1395920514/
MacOS QT https://www.virustotal.com/en/file/24e6b3f52861232a2b3c764e32cead60417826d092c5b914375660d8f1bc229b/analysis/1395920557/


Miners

• Source Skein CGMiner- https://github.com/reorder/cgminer_skein
• Windows Skein CGMiner - https://www.dropbox.com/s/uhbp9r6m8zzqnke/cgminer_skein.zip
• Windows 64bit CPU - https://www.dropbox.com/s/37gsfx6bsxbaoqh/skeinminer64.zip

Bounties

• Nigeriacoind / Nigeriacoin-qt core
• Windows wallet
• MacOS wallet
• MPOS pools for launch
• P2Pool https://github.com/nigeriacoin/p2pool
• Exchanges
• Blockchain explorer http://explorer.nigeriacoin.org/(broken)
• Android Wallet
• Community moderator on Reddit
• Community moderator on IRC
• Chinese Translations - In progress

Please PM directly to negotiate the bounty.  It will be allocated based on skill and prior work.  Thanks to our hard work and bounties, we've obtained access to a dev team from another major altcoin which makes NigeriaCoin one of the first altcoins to be based off the freshly release Bitcoin 0.9.0 core release.

Community

• Reddit - /r/nigeriacoin - http://reddit.com/r/nigeriacoin
• Facebook - https://www.facebook.com/pages/Nigeria-Coin/647829021930852
• Freenode IRC #nigeriacoin - https://kiwiirc.com/client/chat.freenode.net/nigeriacoin

Graphics

• Merchant Logos! https://i.imgur.com/CN1ZT4U.png

Join the revolution!

[otila]

419 coins per block?

[nigeriacoin]

Whitepaper released. 

[MsCollec]

How are you going to promote this coin in Nigeria?

[cloudboy]

I was slightly interested until I read this line: "It's truly greed on the part of people being scammed that's to blame and not the desperation of the repressed Nigerian people."

Fuck you! So many people have been scammed out of money from greedy bastards like you, and it's their fault? I'm calling it now, this whole coin is a scam. Nobody trust it, consider yourself warned!

[Rubberduckie]

I was slightly interested until I read this line: "It's truly greed on the part of people being scammed that's to blame and not the desperation of the repressed Nigerian people."

Fuck you! So many people have been scammed out of money from greedy bastards like you, and it's their fault? I'm calling it now, this whole coin is a scam. Nobody trust it, consider yourself warned!

talk about "judge a book by it's cover"

With so little info, how do you come to the conclusion it's a scam?

[leigh2k14]

how will distribution take place? will it open and transparent?

Or do we have to pay money to a Nigerian prince to get our coins?

[Quantumbud]

Dear Sir, SEEKING YOUR IMMEDIATE ASSISTANCE. Please permit me to make your acquaintance in so informal a manner. This is necessitated by my urgent need to reach a dependable and trust wordy foreign partner. This request may seem strange and unsolicited but I will crave your indulgence and pray that you view it seriously...

Yeah you get the drift

[leigh2k14]

I was slightly interested until I read this line: "It's truly greed on the part of people being scammed that's to blame and not the desperation of the repressed Nigerian people."

Fuck you! So many people have been scammed out of money from greedy bastards like you, and it's their fault? I'm calling it now, this whole coin is a scam. Nobody trust it, consider yourself warned!

At least give them a chance.

[Rubberduckie]

Watching this thread closely, but willing to give Dev benefit of the doubt

[Rubberduckie]

47% pre-mine is a bad idea

[btcltcdigger]

[MsCollec]

I was slightly interested until I read this line: "It's truly greed on the part of people being scammed that's to blame and not the desperation of the repressed Nigerian people."

Fuck you! So many people have been scammed out of money from greedy bastards like you, and it's their fault? I'm calling it now, this whole coin is a scam. Nobody trust it, consider yourself warned!

It's true, most scam victims are greedy. How can you won lottery that you never played before?

[murkster]

Have I missed something? Nigeria coin with no mention of distribution to any of the populace?

Apart from the fact a large percentage dont have a pc let alone internet how would anyone use it?

Large premine (proof of burn how long after release?)

2 posts from announcer. .

Omg..... how many suckers will bite on this.....


I beg you all check out coins that actually help communities and cross borders... leave these to the greedy profiting from the poorest the bankers would be proud....

[afong9]

 
发行商有没有能力回购电子货币?有多少回购能力?
不要让苦逼矿工们电费都赚不回来.
要是没有能力的,那就是圈钱币或者发射后几天就死亡的币(目前太多这种类型了)
希望没有能力回购就不要发布新币.
让我们当个快乐的矿工吧.

[j23a]

I was slightly interested until I read this line: "It's truly greed on the part of people being scammed that's to blame and not the desperation of the repressed Nigerian people."

Fuck you! So many people have been scammed out of money from greedy bastards like you, and it's their fault? I'm calling it now, this whole coin is a scam. Nobody trust it, consider yourself warned!

I know. Blaming the victim, while giving excuses for the scammers. If anything, this developer is making the Nigerian people look bad.

[nigeriacoin]

We can take that language out about the 419 scams, but taking on NigeriaCoin as a task is a difficult one without addressing the 419 stigma associated with it.  We intend for this to truly be a NigeriaCoin which can eventually be adopted by the people and something they can be proud of.

Yes, on distribution, we haven't figured it out yet and it's possible that we never will.  If someone can actually figure out fair distribution to the Nigerian populace, please contact us.  Instead we are going to donate towards Nigerian non-profits and those proceeds and campaigns will be 100% transparent.  Any crowdfunded campaign done through a reputable escrow and NGO for the benefit of the Nigerian people will receive developer funds towards their goal.  We want a community that cares about Nigeria, not quick pump and dumpers to be mining this coin.

On the 47% Coin Distribution Symmetry allocation, yes it's a premine.  But, it's never going to hit the market, it will be destroyed via an automated script on an ultra secure private server behind a firewall and NAT.  The coins will be destroyed on a regular basis and the burn address will be viewable from the block explorer.  There are two benefits from this CDS block. 

• 0% inflation due to proof of work mining.
• coinmarketcap is forced to calculate marketcap of NGC based on the entirety of the CDS block in addition to new coins, which gives this coin extra visibility.

Obviously there's going to be lots of, "THIS IS A SCAM" talk on this thread, but can only assure you that we are not and that we are going to be fully transparent about all funds.  We have a team of about 5 devs working full time on putting together a proper launch with the latest technologies and we will be successful.  Skeptics and naysayers need not join, but if you're ready to create something revolutionary together, please join us at launch.  We will try to get P2pool ported for launch also, so that could be available soon too, and we will promote the use of P2pools for enhanced decentralization and increased safety for miners.

[cycoinminer]

LOL

[burningzoul]

lol

[leigh2k14]

We can take that language out about the 419 scams, but taking on NigeriaCoin as a task is a difficult one without addressing the 419 stigma associated with it.  We intend for this to truly be a NigeriaCoin which can eventually be adopted by the people and something they can be proud of.

Yes, on distribution, we haven't figured it out yet and it's possible that we never will.  If someone can actually figure out fair distribution to the Nigerian populace, please contact us.  Instead we are going to donate towards Nigerian non-profits and those proceeds and campaigns will be 100% transparent.  Any crowdfunded campaign done through a reputable escrow and NGO for the benefit of the Nigerian people will receive developer funds towards their goal.  We want a community that cares about Nigeria, not quick pump and dumpers to be mining this coin.

On the 47% Coin Distribution Symmetry allocation, yes it's a premine.  But, it's never going to hit the market, it will be destroyed via an automated script on an ultra secure private server behind a firewall and NAT.  The coins will be destroyed on a regular basis and the burn address will be viewable from the block explorer.  There are two benefits from this CDS block.  

• 0% inflation due to proof of work mining.
• coinmarketcap is forced to calculate marketcap of NGC based on the entirety of the CDS block in addition to new coins, which gives this coin extra visibility.

Obviously there's going to be lots of, "THIS IS A SCAM" talk on this thread, but can only assure you that we are not and that we are going to be fully transparent about all funds.  We have a team of about 5 devs working full time on putting together a proper launch with the latest technologies and we will be successful.  Skeptics and naysayers need not join, but if you're ready to create something revolutionary together, please join us at launch.  We will try to get P2pool ported for launch also, so that could be available soon too, and we will promote the use of P2pools for enhanced decentralization and increased safety for miners.

Does the Nigerian government keep track of it's citizens with a National insurance number, social security number or anything of a similar nature?

If so you could use that for each citizen to claim?

Then you are going to have to get the word out to your fellow citizens, some sort of media campaign?

I'm assuming not everyone has computers, maybe a smartphone app?