[ANN][SIM] Simcoin - A Simple Coin

[NxtChg]

Can we get a date when the IPO will definitely end? So you say it will end between now and the end of the month. Without a cutoff this will keep going and going and going...

Sure. August 12, 2038.

Somewhere between today and this date it will definitely end.

[1714092812]

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[1714092812]

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[dzarmush]

I've got another question. I invested 2 btc and thinking about investing more, but since there will be no refunds under no circumstances I wanted to clear something up first.

Let's imagine the worst scenario when you won't be able to create a coin with 1 sec tx confirmations. Will you postpone launch for a couple of years untill you figue out how to achive the goal or abandon the project or launch it anyway and try to improve it with time?

[NxtChg]

I've got another question. I invested 2 btc and thinking about investing more, but since there will be no refunds under no circumstances I wanted to clear something up first.

Let's imagine the worst scenario when you won't be able to create a coin with 1 sec tx confirmations. Will you postpone launch for a couple of years untill you figue out how to achive the goal or abandon the project or launch it anyway and try to improve it with time?

I would advise you against investing more. 2 BTC is a pretty big stake, it's 7 million right now, so if Simcoin succeeds you will get a very good ROI already.

But it can also fail, simply because there's just so many things that can go wrong. 9 out of 10 startups fail. And by that time we might burn through most of the funds.

So it's still a gamble and the good old rule still applies - don't invest more than you can afford to lose.


To answer your question: if my goal of <1 sec confirmations turns out to be infeasible, I will just copy Ripple's consensus one-to-one, but without all the complexity. So it will still be pretty darn close to real-time, compared to 1 minute blocks.

1 sec confirmations is also not the only good feature of Simcoin. I hope to create a solid, yet simple platform. And there are also more exciting ideas that I haven't announced yet

[schnötzel]

I've got another question. I invested 2 btc and thinking about investing more, but since there will be no refunds under no circumstances I wanted to clear something up first.

Let's imagine the worst scenario when you won't be able to create a coin with 1 sec tx confirmations. Will you postpone launch for a couple of years untill you figue out how to achive the goal or abandon the project or launch it anyway and try to improve it with time?

I would advise you against investing more. 2 BTC is a pretty big stake, it's 7 million right now, so if Simcoin succeeds you will get a very good ROI already.

But it can also fail, simply because there's just so many things that can go wrong. 9 out of 10 startups fail. And by that time we might burn through most of the funds.

So it's still a gamble and the good old rule still applies - don't invest more than you can afford to lose.


To answer your question: if my goal of <1 sec confirmations turns out to be infeasible, I will just copy Ripple's consensus one-to-one, but without all the complexity. So it will still be pretty darn close to real-time, compared to 1 minute blocks.

1 sec confirmations is also not the only good feature of Simcoin. I hope to create a solid, yet simple platform. And there are also more exciting ideas that I haven't announced yet

<3 sec would be fine    1sec isn´t necessary. Priority should be "solid, yet simple platform."

[NxtChg]

<3 sec would be fine    1sec isn´t necessary. Priority should be "solid, yet simple platform."

I know it's Ok, but the goal should be higher, so when all the complexities of real life kick in, like DDoS attempts, some nodes being less powerful, sudden bursts of activity, network jams, etc. it can still perform in 1-5 sec range, i.e. worst case scenario.

[dzarmush]

I've got another question. I invested 2 btc and thinking about investing more, but since there will be no refunds under no circumstances I wanted to clear something up first.

Let's imagine the worst scenario when you won't be able to create a coin with 1 sec tx confirmations. Will you postpone launch for a couple of years untill you figue out how to achive the goal or abandon the project or launch it anyway and try to improve it with time?

I would advise you against investing more. 2 BTC is a pretty big stake, it's 7 million right now, so if Simcoin succeeds you will get a very good ROI already.

But it can also fail, simply because there's just so many things that can go wrong. 9 out of 10 startups fail. And by that time we might burn through most of the funds.

So it's still a gamble and the good old rule still applies - don't invest more than you can afford to lose.

I know, I did the math But I've got a strong belief in you as a dev. So no hesitations.

To answer your question: if my goal of <1 sec confirmations turns out to be infeasible, I will just copy Ripple's consensus one-to-one, but without all the complexity. So it will still be pretty darn close to real-time, compared to 1 minute blocks.

1 sec confirmations is also not the only good feature of Simcoin. I hope to create a solid, yet simple platform. And there are also more exciting ideas that I haven't announced yet

Cool, thanks for the answer.

[NxtChg]

We have a new leader with 3.5 BTC.

The distribution got a bit worse: top ten now own 23.81% compared to 23.38% on Sunday.

[dzarmush]

We have a new leader with 3.5 BTC.

The distribution got a bit worse: top ten now own 23.81% compared to 23.38% on Sunday.

It's your fault, I found your answer good enough to invest more  

[NxtChg]

It's your fault, I found your answer was good enough to invest more  

Darn, I should stop inadvertently promoting Simcoin

Remember, everybody, I am just a stranger on the Internet (who is currently looking for a boat with a helipad and a wine cellar).

So, think twice before investing big.

[mladen00]

fast... i like it

i'm in, not much, 100000 SIMCOINS

Devs if you need help to promote or something just contact me

[jenea4pda]

So, I will be happy to enjoy your movement!

I will send money to you.

Cheers.

[Bigcrypto318]

So, are you still deleting any posts that paint simcoin in an unflattering light?

[NxtChg]

So, are you still deleting any posts that paint simcoin in an unflattering light?

I am still deleting stupid posts from sockpuppet accounts.

Yours is a good candidate.

[CECVW]

Hello,

I just find out about this coin and it seems very promising with a good future, I guess this question might have been asked but when will be this coin launch, I mean I don't need the exact day but which month do you think and also which exchange?

many thanks

[dzarmush]

Hello,

I just find out about this coin and it seems very promising with a good future, I guess this question might have been asked but when will be this coin launch, I mean I don't need the exact day but which month do you think and also which exchange?

many thanks

I'm not the dev but I know the answer. This coin will be launched any day between now and August 2038. And nobody knows what exchanges will be operating those days.

[NxtChg]

This coin will be launched any day between now and August 2038. And nobody knows what exchanges will be operating those days.

Good one

@CECVW: There is no estimate, it's notoriously hard to estimate software projects.

And even if there was one, I wouldn't publish it until the IPO is closed.

Which will happen any day between now and August 2038

[NxtChg]

Well, where's the guy, who prophesied 120 BTC?

You are about to be right

[NxtChg]

And so it is.

Total investors: 184 with 120.731 BTC

[NxtChg]

I wonder if we can reach 500 BTC...

I mean, boats are fun, but one needs a land dwelling too.

This one looks nice:

[pineapples]

I wonder if we can reach 500 BTC...

I mean, boats are fun, but one needs a land dwelling too.

This one looks nice:

so shiny and full of pointy goodness