[PRE-ANN] [kFC] Futurecoin|Groestl-Skein-SHA256|IPO end in 1 HOUR!

[btcrising]

Lazy? I will promote this coin like any other dev. The more people promoting this coin the better. You are not seriously going to argue that less people should promote are you?

No you haven't. This coin has been announced for something like 3 days, no Mintpal voting listing, no altcoincalendar listing, no social media presence (or at least attempting to look like you have it), and an incomplete website. Are you expecting on the users to do everything for you?

The people in companies getting major stock options are not poor. They are usually very rich and can actually effect the price of the stock. It is the same with cryptocurrencies people holding coins are usually in a position to promote that coin. It has no baring on greediness or livelihood, only on the holders ability to increase the value. I believe that this system is better than the way all the other altcoins are being distributed. Please promote a better system if you have one.
 

What companies are you looking at? Stock options are typically given to "middle crust", at least company org wise. People who hold cryptocurrencies are the ones that can actually affect the exchange rate, and they don't even have to be particularly rich. This is not a better system (at least until proven so), just a different one.

This is not how adoption happens it is pretty well documented that "innovators" are a small minority that push adoption toward the majority. See the standard adoption curve below.
http://upload.wikimedia.org/wikipedia/en/4/45/DiffusionOfInnovation.png

It doesn't matter how much innovation you have - if the early IPO investors create a fiasco such as Wolong did with pandacoin, what future do you see for this one?

Traders trade based on the best available information. They trade on future anticipated value on not on current value (See blackcoin, tesla for examples). If you believe that this will happen you would not be posting about it. You should be using this information that you so solidly know to trade.

You act as if traders are some kind of elite class. Not in cryptocurrency markets, where FUD and trollboxes rule. Traders, especially in a cryptocurrency market, and especially in a phased IPO setup such as this one are in a position to "create" their own information, individually moving markets at their will.

[doge94]

What companies are you looking at? Stock options are typically given to "middle crust", at least company org wise. People who hold cryptocurrencies are the ones that can actually affect the exchange rate, and they don't even have to be particularly rich.

Typically companies that are doing an IPO. They are usually given the a small group of employees.

It doesn't matter how much innovation you have - if the early IPO investors create a fiasco such as Wolong did with pandacoin, what future do you see for this one?

Wolong was holding 90% of the coins and had no skin in the game. IPO investors would not dump and devalue their investment.

You act as if traders are some kind of elite class. Not in cryptocurrency markets, where FUD and trollboxes rule. Traders, especially in a cryptocurrency market, and especially in a phased IPO setup such as this one are in a position to "create" their own information, individually moving markets at their will.

The ones actually moving the prices are not "trolls".

[btcrising]

Typically companies that are doing an IPO. They are usually given the a small group of employees.

This "dynamic block maturity" is not an IPO thing only. You are giving all miners the same vesting option, but who's say will not be equivalent to IPO investors until a month after launch.

Wolong was holding 90% of the coins and had no skin in the game. IPO investors would not dump and devalue their investment.

And if someone wanted to put 1btc into the phase 1 IPO? Would they not control 90% of the coins for the first week? That's plenty of time to cause some serious speculation.

The ones actually moving the prices are not "trolls".

Ha.

[doge94]

This "dynamic block maturity" is not an IPO thing only. You are giving all miners the same vesting option, but who's say will not be equivalent to IPO investors until a month after launch

I am sorry can you rephrase this I do not understand.

And if someone wanted to put 1btc into the phase 1 IPO? Would they not control 90% of the coins for the first week? That's plenty of time to cause some serious speculation.

I believe that the phases are not separate percentages as evidenced by "non independent percentage". Meaning they would have to put in 90% of the total IPO money to get 90% of the coins not just phase 1. I will let the devs confirm this one.

[btcrising]

90% of all phase 1 coins, which is depending on how this coin goes, admittedly a very small fraction indeed. But phase 1 is going to be decisive; depending on how this coin goes, the fate will be decided here.


Miners will have vested coins too, not just IPO investors. But these mined coins will be less than the IPO coins for 34 days~. IPO coins will be king in the first month.

And remember, MOST IPO investors are in it to make a quick buck. There will be some small percentage that believe in the coin, but that generation is dieing quickly.

[ottobene]

I'll, for example, dont wana sell my ipo coins. Better i'll holding this

[Radar]

IPO is just a bad idea for a new release coin.

[ottobene]

IPO is just a bad idea for a new release coin.

Why? on first age this not bad. For example view at Heavycoin (HVC). They have ipo as well, and nothing terrible happend

[Radar]

IPO is just a bad idea for a new release coin.

Why? on first age this not bad. For example view at Heavycoin (HVC). They have ipo as well, and nothing terrible happend

Heavycoin has no real life uses.

[51percentscam]

the first shitty ass myriad clone is here

i hope this dev at least knows how to fix the fucking code.

and also doesn't have retarded "believers" that have probably mortgaged their house for myriad LOL

[Friedman]

the first shitty ass myriad clone is here

i hope this dev at least knows how to fix the fucking code.

and also doesn't have retarded "believers" that have probably mortgaged their house for myriad LOL

We do not want to discourage viewpoints but if you are going to make an argument please make a point and support it. We can have a civil debate about it rather than calling each other "retards".

To attempt to answer your question, algorithm weightings will be based on a combination of cost of mining hardware and performance of that hardware. This can be changed in the future if circumstances change.

If you have any other objections please state them in a civil and clear manner. Discussion is important, trolling is not.

[doge94]

IPO is just a bad idea for a new release coin.

Why? on first age this not bad. For example view at Heavycoin (HVC). They have ipo as well, and nothing terrible happend

Heavycoin has no real life uses.

The problem with Heavycoin was that it pretty much let the big time miners decide the block rewards, so from the get go the majority of users were held to the whim of mining farms. Then GPU miners had the coin pretty much to themeselves for something like a week. If you dumped in the days following the launch, you made a lot of money.

And no coin other than BTC and in rare cases DOGE and LTC will have usages. Other than in the shadiest marketplaces.

These days IPO's are more about who can make a coin that gets the most hype, which inflates the post-IPO price the most. Futurecoin looks simply "different" in their model of achieving this (actually radically different if you consider what people call "innovations" right now). If the dev's don't run off with the IPO money and follow up with their "commitments", I could see someone making a lot of money off of this. That is also assuming that this IPO get's a ton of that sweet, sweet BTC (which it currently isn't in it's most important phase).

Ok btcrising I am gonna put my money where my mouth is.
Just sent 0.22034291 BTC txid: e162eac49883b1f59833ef5f2ab9bcac1948ead265ef4fb979e3c74991fdc0a7

More to come when my assets free up.

[procrastinationtm]

damn all this talking...

i feel like investing more   losing my percents

[ottobene]

damn all this talking...

i feel like investing more   losing my percents

me too

[ottobene]

maybe in phase2

[doge94]

maybe in phase2

Yeah wish my assets were more liquid.

[doge94]

IPO is just a bad idea for a new release coin.

IPO coins have a history of outperforming non IPO coins.

[Friedman]

We are now on altcoincalendar!

http://www.altcoincalendar.info/coins/358-kFC

[Friedman]

maybe in phase2

I think there needs to be some clarification. All phases are pooled together to calculate a percentage. They are not independent.

[ottobene]

maybe in phase2

I think there needs to be some clarification. All phases are pooled together to calculate a percentage. They are not independent.

4/18 i receive coin? or only Futurecoin private and public key?