[ANN] Dreamcoin [DRM] - X11 - PoW/PoS - Poloniex - Bittrex ~ 15% PoS!

[merk475]

POS kicks in as planned,,, great

POW is for real over already?

No. POW is not over. Under 2000 blocks left though.

Ah...gotcha.  Thanks. 

[CryptoHobo]

just got my first pos payment..very nice

time to unlock the wallet 

[Jocuserious]

Can someone shed some light on this comment from the LibertyCoin thread? It's in the OP

"Important ANN:

We received news from the Zerocoin Team itself that they have abandoned the zerocoin project. Zerocoin is now a dead project. We had started implementing their library to Libertycoin hoping to implement a fully functional and stable version when they released more updates. Unfortunately, there is nothing we can do now. We will start removing the zerocoin library that we added to the code, and we will consult with our developer if there are other anonymizers we can deploy in the future. For the time being we will realease an update removing zerocoin from our code, and Libertycoin will remain as a great X11 100% proof of stake coin with 16.5 Million units.

I am thinking it is damage control for their coin.  I don't believe that Zerocoin is a dead project and I do not believe that he talked with Ian from Zerocoin...but the rest of the announcement kind of depends on that statement to try and rally confidence back into their coin.

So...Meh.

[DREAMBiG]

Just got my first stake payment! 

[yop850]

Just got my first stake payment! 

How long did it take before your coins staked?

[Alpinist]

We are in TOP 10 (#9) by daily trading volume now!   (CoinMarketCap)

[Taner]

We are in TOP 10 (#9) by daily trading volume now!   (CoinMarketCap)

This is just a start...

[nfox]

hey i cannot open mac wallet, dev could you help?

[dreamcoin]

hey i cannot open mac wallet, dev could you help?

What seems to be your issue?

[kindofasaint]

Sorry for the stupid question coming up.

My wallet is encrypted but I want to steak, how do I go about this? Do I just unlock my wallet or do I have to decrypt it too. Can anyone provide me with simple guide?

Thanks!

[nfox]

hey i cannot open mac wallet, dev could you help?

What seems to be your issue?

Code:

Crashed Thread:  Unknown

Exception Type:  EXC_BAD_ACCESS (SIGSEGV)
Exception Codes: KERN_INVALID_ADDRESS at 0x00007fff5fc01028

Backtrace not available

Unknown thread crashed with X86 Thread State (64-bit):
  rax: 0x0000000000000055  rbx: 0x0000000000000000  rcx: 0x0000000000000000  rdx: 0x0000000000000000
  rdi: 0x0000000000000000  rsi: 0x0000000000000000  rbp: 0x0000000000000000  rsp: 0x0000000000000000
   r8: 0x0000000000000000   r9: 0x0000000000000000  r10: 0x0000000000000000  r11: 0x0000000000000000
  r12: 0x0000000000000000  r13: 0x0000000000000000  r14: 0x0000000000000000  r15: 0x0000000000000000
  rip: 0x00007fff5fc01028  rfl: 0x0000000000010203  cr2: 0x00007fff5fc01028
Logical CPU: 0

Binary images description not available


External Modification Summary:
  Calls made by other processes targeting this process:
    task_for_pid: 1
    thread_create: 0
    thread_set_state: 0
  Calls made by this process:
    task_for_pid: 0
    thread_create: 0
    thread_set_state: 0
  Calls made by all processes on this machine:
    task_for_pid: 47521
    thread_create: 1
    thread_set_state: 0
/code]

[Alpinist]

Just have recieved my first stake.
Amazing!!!  

[DREAMBiG]

Just got my first stake payment! 

How long did it take before your coins staked?

About 30 minutes.

[Thrash]

Sorry for the stupid question coming up.

My wallet is encrypted but I want to steak, how do I go about this? Do I just unlock my wallet or do I have to decrypt it too. Can anyone provide me with simple guide?

Thanks!

Just unlock the wallet and it will start the staking process automatically.

[Thrash]

Stake is working just as expected.  Another step in the right direction.

Now for my dream:

I want to run a quick compare of DRM to one of my favorite older coins, HoboNickels. I mined HBN from the start and manged to get a decent amount of them over a period of time. HBN last summer sometime were worth less than $0.02 today they trade consistently in the 30,000 satoshi range or $0.13 range and have been as high as 50,000 satoshi recently.

Now the interesting part to me is the cap on HBN is 120,000,000 coins. Granted the current money supply is only 4,354,952 so we will work with that number.

DRM will have only around 1,800,000 total coins from POW. That means that HBN already has 240% more coins minted than DRM will ever have minted via POW and HBN is selling for 30,000 satoshi and doing very well. Granted HBN is more mature and has several things in place that DRM does not have. HBN by the way has a great developer, Tranz, who is very active and helpful. The HBN wallet is something that other developers of POS coins should use as an example (great job Tranz). My HBN are a long term hold.

So, back to DRM, using the above info if you adjust DRM for the # of coin difference it should be trading at around 240% of HBN. But, as it does not have all the uses in place yet, let's use 150%. That would put DRM at 45,000 satoshi.

Now the real kicker, DRM will be done with POW at 1,800,000 coins, HBN will be issuing another 100,000,000+ coins. Also, DRM pays 15% on stake HBN pays 100% stake. While I REALLY like HBN and will be keeping mine, DRM is way under valued.  At this point, even without zerocoin, it looks to me like it should trade at 100,000 satoshi.

Add a multi pool and some basic uses and it goes even higher.

If successful in getting zerocoin implemented I do not even want to guess what the price might be. The sky is the limit. My plan, hold and keep accumulating DRM.

After all a guy has to dream.

[unhooked]

Stake is working just as expected.   Another step in the right direction.

Now for my dream:

I want to run a quick compare of DRM to one of my favorite older coins, HoboNickels. I mined HBN from the start and manged to get a decent amount of them over a period of time. HBN last summer sometime were worth less than $0.02 today they trade consistently in the 30,000 satoshi range or $0.13 range and have been as high as 50,000 satoshi recently.

Now the interesting part to me is the cap on HBN is 120,000,000 coins. Granted the current money supply is only 4,354,952 so we will work with that number.

DRM will have only around 1,800,000 total coins from POW. That means that HBN already has 240% more coins minted than DRM will ever have minted via POW and HBN is selling for 30,000 satoshi and doing very well. Granted HBN is more mature and has several things in place that DRM does not have. HBN by the way has a great developer, Tranz, who is very active and helpful. The HBN wallet is something that other developers of POS coins should use as an example (great job Tranz). My HBN are a long term hold.

So, back to DRM, using the above info if you adjust DRM for the # of coin difference it should be trading at around 240% of HBN. But, as it does not have all the uses in place yet, let's use 150%. That would put DRM at 45,000 satoshi.

Now the real kicker, DRM will be done with POW at 1,800,000 coins, HBN will be issuing another 100,000,000+ coins. Also, DRM pays 15% on stake HBN pays 100% stake. While I REALLY like HBN and will be keeping mine, DRM is way under valued.  At this point, even without zerocoin, it looks to me like it should trade at 100,000 satoshi.

Add a multi pool and some basic uses and it goes even higher.

If successful in getting zerocoin implemented I do not even want to guess what the price might be. The sky is the limit. My plan, hold and keep accumulating DRM.

After all a guy has to dream.

Excellent post. Made my day

An X11 multipool would be awesome for the hot summer months.

[kpierce77]

Is this coin still in the POW phase or is it POS yet?  I'm looking to buy some.

[DREAMBiG]

Is this coin still in the POW phase or is it POS yet?  I'm looking to buy some.

It is both.  POW until block 10,000.  POS has kicked in starting at block 8000.

[kpierce77]

Is this coin still in the POW phase or is it POS yet?  I'm looking to buy some.

It is both.  POW until block 10,000.  POS has kicked in starting at block 8000.

Sounds good thanks!

[kindofasaint]

Just unlock the wallet and it will start the staking process automatically.

Thanks!