xlcus (OP)
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April 04, 2014, 08:21:22 PM Last edit: April 05, 2014, 07:35:20 AM by xlcus |
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Hi, All, The initial plan of CommunityCoin is to distribute 1billion coins to 1000 individuals, each got 1 million coins, totally free. There are several rules for applying the stake. The distribution has lasted for about ten days. The dev has received a lot of applications. However, some of them are fake (not qualified or cheaters). The dev judged them carefully. It's the main reason why the distribution is slow. Untill now, about 350 stakes have been granted and delivered. At the present speed, a long distribution stage (~ one month) may be expected. The dev and the community realise that the long period may add large uncertainties. Here there is a plan to speed up the distribution. The targeted amount stakes can be changed from 1000 to 500. The amount of each stake will therefore increase to 2million (1million before). That means we can complete the distribution within one week. What's your opinion? cheers, X. EDIT: There is another poll for how many funds will be reserved for bounties, giveaways: https://bitcointalk.org/index.php?topic=557616.0
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greenclover
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April 04, 2014, 08:26:45 PM |
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Hi, All,
The initial plan of CommunityCoin is to distribute 1billion coins to 1000 individuals, each got 1 million coins, totally free. There are several rules for applying the stake.
The distribution has lasted for about ten days. The dev has received a lot of applications. However, some of them are fake (not qualified or cheaters). The dev judged them carefully. It's the main reason why the distribution is slow. Untill now, about 350 stakes have been granted and delivered. At the present speed, a long distribution stage (~ one month) may be expected.
The dev and the community realise that the long period may add large uncertainties.
Here there is a plan to speed up the distribution. The targeted amount stakes can be changed from 1000 to 500. The amount of each stake will therefore increase to 2million (1million before). That means we can complete the distribution within one week.
What's your opinion?
cheers, X.
500, each gets 2 mils
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communitycoin
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April 04, 2014, 08:26:55 PM |
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I voted thank you. I feel good. community works.
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xlcus (OP)
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April 04, 2014, 08:28:13 PM |
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I voted thank you. I feel good. community works.
thank you. I hope more people can participate.
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miramare
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April 04, 2014, 08:31:04 PM |
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Both 500 and 1000 stakes are ok for me. Anyway, I prefer a quick distribution.
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BitcoinBaBa
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April 04, 2014, 08:38:13 PM |
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The quicker the better.After that we can really focus on further progress and development of the coin.
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Oto3
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April 04, 2014, 08:39:04 PM |
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1000! More distribution is better!
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xlcus (OP)
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April 04, 2014, 08:46:11 PM |
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1000! More distribution is better!
yes, theoretically speaking, you are right. However, you may realize the present distribution is so slow. The dev said they had about 330 stakes granted two days before. Now the number is about 350 stakes! 10 stakes per day!!!!! At this speed, the distribution will be completed in 2 months! And the fact is that those who are interested in this coin and also qualified have already involved in. The left are either not interested in this coin or not qualified. Endless wait is useless.
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jertsy
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April 04, 2014, 09:05:02 PM |
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The quicker the better.After that we can really focus on further progress and development of the coin.
I agree and voted for less than 500. Ideally the original 1000 would be best, and if possible 500 would be good, but it it takes too long I think less than 500 is a fair compromise.
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Oto3
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April 04, 2014, 09:08:48 PM |
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1000! More distribution is better!
yes, theoretically speaking, you are right. However, you may realize the present distribution is so slow. The dev said they had about 330 stakes granted two days before. Now the number is about 350 stakes! 10 stakes per day!!!!! At this speed, the distribution will be completed in 2 months! And the fact is that those who are interested in this coin and also qualified have already involved in. The left are either not interested in this coin or not qualified. Endless wait is useless. Using this logic the distribution of Auroracoin should be stopped immediately. Wide distribution, large userbase is what gives coin value.
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lemfuture
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April 04, 2014, 09:10:35 PM |
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the larger scale community the better dont be overly concerned about slow phase. i think the whole cryptoworld including bitcoin itself is in slow gear
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1ADLcfwTofFXb95pKhebpeRkJ4WTWsvQXB
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romawi
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April 04, 2014, 09:25:39 PM |
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1000! More distribution is better!
yes, theoretically speaking, you are right. However, you may realize the present distribution is so slow. The dev said they had about 330 stakes granted two days before. Now the number is about 350 stakes! 10 stakes per day!!!!! At this speed, the distribution will be completed in 2 months! And the fact is that those who are interested in this coin and also qualified have already involved in. The left are either not interested in this coin or not qualified. Endless wait is useless. +1 agree
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cryptowho
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Ask me about Karmacoin
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April 04, 2014, 09:25:52 PM |
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+500 or above is fine with me. Its a big enough number to split the coins. Once it hits an exchange a lot of people will dump and it will allow coins to be distributed to more wallets. Don't ware yourself out with this. as long as its not 200 people owning the coin. it should be alright. the free market will adjust the coins distribution
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looking for C++ coders , web-dev and coin-devs to join karmacoin team. We are trying to expand. we have so many goals. Challenge accepted? PM me.
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paddox
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April 04, 2014, 10:59:07 PM |
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500 sounds about right to me. That gives more people a chance to apply but still allows the full distribution in a reasonable time.
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xlcus (OP)
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April 05, 2014, 07:36:36 AM |
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Add a new poll for vote the development fund fraction.
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Rune
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April 05, 2014, 08:05:15 AM |
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I voted for 1000 it really should be 10,000 but it's hard to distribute to that many people and not get people getting in on it 10+ times
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communitycoin
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April 05, 2014, 12:59:05 PM |
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celebreze32
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April 05, 2014, 01:17:16 PM |
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Any more than 500 will take so long that people will lose interest.
If people start losing interest the coin will slowly die. 500 stakeholders is best for COMM.
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Nxtblg
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April 05, 2014, 01:27:52 PM |
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I voted for between 500 and 1000. If I recall correctly, there's already about 500 stakeholders as of now - so 500-1000 gives the dev the flexibility to make a judgment call on ending the distro. As guided by input from the Community, of course.
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