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Author Topic: [ANN]Citizencoin CTZ - NEW DEV. - NOW WALLET UPDATE SOON!!!  (Read 64809 times)
placebo (OP)
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March 31, 2014, 03:05:43 PM
 #41

Wait, you're going with Scrypt and a 100 block recalc?

You trying to screw your own coin?

Not a flame, just saying - how about you change both of those to something that would actually be good for the coin?

And what do you suggest? I'm open for all suggestions....

I even was thinking to do a partial IPO with a fixed price, and a fixed price so that people can make money out of the IPO structure and not like that H2O IPO when you did the calculation that you had something like 96 sats per coin.

I was thinking of a fixed IPO price of 25 sats (maybe 20 sats) per coin. That sounds like a fair price with 7B coins, when you remember that LOT has 10B and they were trading a long time about 30 sats, the same for EAC.

As you can see Citizencoin will be very difficult to mine, i mean not a lot of coins will hit the market, so deflation should be under control.

So any suggestion are always welcome... want to create a stable coin.
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March 31, 2014, 03:54:11 PM
Last edit: March 31, 2014, 05:25:09 PM by heartthew
 #42

Wait, you're going with Scrypt and a 100 block recalc?

You trying to screw your own coin?

Not a flame, just saying - how about you change both of those to something that would actually be good for the coin?

And what do you suggest? I'm open for all suggestions....

I even was thinking to do a partial IPO with a fixed price, and a fixed price so that people can make money out of the IPO structure and not like that H2O IPO when you did the calculation that you had something like 96 sats per coin.

I was thinking of a fixed IPO price of 25 sats (maybe 20 sats) per coin. That sounds like a fair price with 7B coins, when you remember that LOT has 10B and they were trading a long time about 30 sats, the same for EAC.

As you can see Citizencoin will be very difficult to mine, i mean not a lot of coins will hit the market, so deflation should be under control.

So any suggestion are always welcome... want to create a stable coin.


I would say, look into X11 and Scrypt-N - don't settle for scrypt.

As for the block recalc, it will have a good chance of leaving the coin high and dry with crazy difficulty if a big hasher comes, mines low, and leaves when the diff goes up - like Ron Paul Coin and many others have experienced, KILLING their momentum, and possibly their coin as well.

Do the Dark Gravity Warp, or at least Kimoto's - though it is looking like Kimoto's has it's own vulnerabilities...

As for the IPO, well, that makes people angry most of the time.

That's what I've got for now...

Smiley

Oh, and don't forget to make the premine TRANSPARENT!

Basically, don't even do ONE of the stupid things we've seen kill coins the last few months...
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March 31, 2014, 04:02:28 PM
 #43

pleaee x11, this coin looks promising. will stay tuned.

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placebo (OP)
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May 11, 2014, 10:17:03 PM
 #44

pleaee x11, this coin looks promising. will stay tuned.

As requested x11, using PoW and PoS.
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May 11, 2014, 10:36:16 PM
 #45

Woooooooahhhhh!! Twitter page! I feel so sick, No lie.

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placebo (OP)
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May 11, 2014, 10:38:10 PM
 #46

Woooooooahhhhh!! Twitter page! I feel so sick, No lie.

Yes, there are a lot of countries Cheesy
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May 11, 2014, 10:39:05 PM
 #47

Those block payouts are pretty cool.

edit
By the way, please don't do an IPO. That will do more harm than good.
placebo (OP)
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May 11, 2014, 10:48:51 PM
 #48

Those block payouts are pretty cool.

edit
By the way, please don't do an IPO. That will do more harm than good.

Ok, i can think about it.... You know, i have been in the business a very long time, and a coin needs some kind of funding... Pre-mine is good to have the pools up and running, and for some services, but you need BTCs for hitting those exchanges... that is the biggest problem lately.
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May 12, 2014, 02:52:28 AM
 #49

Can put countdown for launch ?

Free SIGNs giving everyday. Be part, do not miss!. Sw4sYCL3h9NjLu1i9d6YSSsuQZQztFR7jW
idcweb
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May 12, 2014, 08:58:25 AM
 #50

WelCome 520Cn.Com China Pool
520CN中国矿池欢迎您



http://Ctz.520Cn.Com

1% Fee
hashhot
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May 12, 2014, 09:01:21 AM
 #51

Hashhot Pool  http://ctz.hashhot.com....Please add it to OP....
placebo (OP)
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May 12, 2014, 10:09:06 AM
 #52

Hashhot Pool  http://ctz.hashhot.com....Please add it to OP....

Added.
placebo (OP)
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May 12, 2014, 10:12:19 AM
 #53

WelCome 520Cn.Com China Pool
520CN中国矿池欢迎您



http://Ctz.520Cn.Com

1% Fee
Added to the main thread.
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May 12, 2014, 02:35:12 PM
 #54

First pool : 100,000 CTZ   http://ctz.520cn.com


Why can't the click

No hyperlinks
placebo (OP)
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May 12, 2014, 05:29:21 PM
 #55

First pool : 100,000 CTZ   http://ctz.520cn.com


Why can't the click

No hyperlinks

Sorry, about that.... fixed now.
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May 12, 2014, 06:08:03 PM
 #56

If you want to be part of this project please PM me.
placebo (OP)
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May 12, 2014, 06:15:49 PM
 #57

Will mine it.
Thanks for the support.
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May 12, 2014, 06:16:20 PM
 #58

  • Pre-mine : 1% or 9,330,550 of PoW
  • IPO: 3% or 27,991,650 of PoW

what's differentt between premine and IPO?! IPO is also premined!, so premine= 4% not 1%
premine = 4% = 3% IPO + 1% for the dev
IPO for promoting the coin (3% to promote the coin!!)
1% for summer vacation
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May 12, 2014, 06:27:48 PM
 #59

  • Pre-mine : 1% or 9,330,550 of PoW
  • IPO: 3% or 27,991,650 of PoW

what's differentt between premine and IPO?! IPO is also premined!, so premine= 4% not 1%
premine = 4% = 3% IPO + 1%
IPO for promoting the coin
1% for summer vacation

IPO is basically coins that investors are buying with BTC before it hit the marketplace, so it is not really pre-mine as they pay for it. With those BTCs we can put money at work, for example in voting on mintpal or cryptsy, or any other exchange. This is important, as when you don't have any IPO or BTCs then it will be very hard to get listed. You cannot expect the owner of a coin to spend 10BTC of his own to get listed. I even don't have 10 BTC.  Grin

Pre-mine coins will more be used for supporting internal development work or for bounties that will put us on small exchanges. Those bounties can be dumped by the person that receive the bounties. There is always a personal summer vacation, but i believe, and i'm sure, when you do your calculation that it will be a pretty small summer vacation and certainly when you calculate the number of hours that you have to spend on a coin...

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May 12, 2014, 07:36:38 PM
 #60

Only 7 days left.... Don't be afraid to deposit some BTCs Smiley

I've been here long enough to know that i will not scam you  Cheesy of course that still doesn't mean that Citizencoin will be a success but anyway Smiley
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