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mcjavar
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April 05, 2014, 09:13:16 PM |
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Why should someone run the wallet if there is no more coins to mine? Who will secure the network?
You need own 51% coin to attack. How is the "mining" working? What determinates who mines the next block? It's not important. The important thing is how many coins you have in your wallet. More you have , more you will gain. For instance, COMM has 30% interest for the first year, so you will get ~850 COMM per day if you have 100mil COMM in your wallet. Who is paying those coins? Not all coins are already created? No one. The new coins are created. The amount will increase. At the very beginning, the amount is 1bil. After one year, the amount will become 1.3bil. I see, thank you very much! Is there a whitepaper or any other document where I can read more about mining and the algo behind it? |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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xlcus
Legendary
 Offline
Activity: 966
Merit: 1009
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April 05, 2014, 09:15:53 PM |
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Why you forcing us to get other forums accounts? Why I can't just RE here and get my coins?
That's the rules which the dev made. Anyone received coins?
When did you apply? Did you apply correctly with all needed information submitted with the new online form? What is correct apply? I posted on the cryptocointalk my ID and wallet. Could you please read the OP carefully first? I think the dev's writing is good enough, however, you can understand what to do if you read carefully. No, that's not good. You should put your wallet address in 1. your BTT signature 2. https://cryptocointalk.com/topic/9028-communitycoin-comm-informationAnd then fill the form: http://communitycoin.info/apply/ |
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xlcus
Legendary
Offline
Activity: 966
Merit: 1009
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April 05, 2014, 09:18:22 PM |
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Why should someone run the wallet if there is no more coins to mine? Who will secure the network?
You need own 51% coin to attack. How is the "mining" working? What determinates who mines the next block? It's not important. The important thing is how many coins you have in your wallet. More you have , more you will gain. For instance, COMM has 30% interest for the first year, so you will get ~850 COMM per day if you have 100mil COMM in your wallet. Who is paying those coins? Not all coins are already created? No one. The new coins are created. The amount will increase. At the very beginning, the amount is 1bil. After one year, the amount will become 1.3bil. I see, thank you very much! Is there a whitepaper or any other document where I can read more about mining and the algo behind it? PoS is not a new algo. You can find it on PPC, MINT, BC, even NXT. Google it and you can find some resources: https://en.bitcoin.it/wiki/Proof_of_Stakehttp://en.wikipedia.org/wiki/Proof-of-stake |
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xlcus
Legendary
Offline
Activity: 966
Merit: 1009
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April 05, 2014, 09:20:37 PM |
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Just found our main thread has been locked. It's weird.  Dev said someone who didn't get the stake accuse the thread. Anyway, these can only make the coin get stronger. You are right! Fortunately, the problem has been solved. We will move on. |
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ThinkGreen
Member
Offline
Activity: 81
Merit: 10
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April 05, 2014, 09:48:34 PM |
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Just found our main thread has been locked. It's weird. Dev said someone who didn't get the stake accuse the thread. Anyway, these can only make the coin get stronger. You are right! Fortunately, the problem has been solved. We will move on. What's the next plan? Voting on Mintpal? Yes! Any more? |
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aqlzf123
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April 05, 2014, 10:00:13 PM |
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The author is a very responsible person , things are very serious, very optimistic about the development of the currency .
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sammy007
Legendary
Offline
Activity: 1904
Merit: 1003
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April 05, 2014, 10:03:13 PM |
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Odd, why I must post in the thread an also fill form.
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xtester
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April 05, 2014, 10:23:05 PM |
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So how will things go further. Will we wait until we reach 500 stakeholders and then all 500 will receive another mil commcoins?
Thanks for the info.
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username here
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April 05, 2014, 11:59:27 PM |
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I'm curious if the non-distributed CommunityCoins are being staked, is there any way to check that?
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sammy007
Legendary
Offline
Activity: 1904
Merit: 1003
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April 06, 2014, 12:55:17 AM |
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I'm curious if the non-distributed CommunityCoins are being staked, is there any way to check that?
It's obvious. |
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qiuzhixin15
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April 06, 2014, 02:39:38 AM |
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i voted for 500 stakeholders. there is not enough accounts right now. i think we should move on and get the coins distributed fairly as soon as possilbe. Maybe increasing the coins in every stakeholders is a fair way.
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minlihua
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April 06, 2014, 02:45:44 AM |
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i think we should make the distribution more clear, for example, make a list those received the coins.
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wasamata
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April 06, 2014, 02:46:30 AM |
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i voted for 500 stakeholders. there is not enough accounts right now. i think we should move on and get the coins distributed fairly as soon as possilbe. Maybe increasing the coins in every stakeholders is a fair way.
+1 I am quite happy to accept doubling my coins.  |
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caishendizi
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April 06, 2014, 03:15:30 AM |
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wo just think comm is a great coin
tha apply is very earnest
i think it will change the altcoin world
i just to join in in it
le me having one share of COMM and waiting it to da moon with you
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communitycoin (OP)
Full Member
Offline
Activity: 126
Merit: 100
COMM
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April 06, 2014, 04:32:22 AM
Last edit: April 06, 2014, 04:56:44 AM by communitycoin |
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We have COMM CommunityCoin 15pWsk8AnrzjXrqmKEUPtbj9qj5MMraeRT 853 votes... I think community can do more. If every one makes 5 votes only with 300 people will get 1500 daily see the power of community? https://www.mintpal.com/votingI am soon starting verification process of new applicants (22 waiting). |
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username here
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April 06, 2014, 04:52:01 AM |
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I'm curious if the non-distributed CommunityCoins are being staked, is there any way to check that?
It's obvious. So that is a Yes? |
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communitycoin (OP)
Full Member
Offline
Activity: 126
Merit: 100
COMM
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April 06, 2014, 04:54:50 AM |
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Why you forcing us to get other forums accounts? Why I can't just RE here and get my coins?
That's the rules which the dev made. Anyone received coins?
When did you apply? Did you apply correctly with all needed information submitted with the new online form? What is correct apply? I posted on the cryptocointalk my ID and wallet. Could you please read the OP carefully first? I think the dev's writing is good enough, however, you can understand what to do if you read carefully. No, that's not good. You should put your wallet address in 1. your BTT signature 2. https://cryptocointalk.com/topic/9028-communitycoin-comm-informationAnd then fill the form: http://communitycoin.info/apply/1. your signature is not mandatory, you can use any profile field as long as i can see know this guy is real one applied. There is some kind proof in his profile that he applied. I know some of you use signature area for ads. So you can use any text area in edit settings to place comm wallet. |
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username here
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April 06, 2014, 05:02:21 AM |
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My question from the other thread: So does that mean I don't qualify? That is disappointing. Any particular reason why?
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oker
Member
Offline
Activity: 118
Merit: 100
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April 06, 2014, 05:08:56 AM |
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Can new applications miss out the old step where we had to post our reason for wanting to join the community because we now have to put our COMM wallet address in our profile?
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