[ANN] FIMK: 2.5G POS, extra block rewards, messaging, asset colors, p2p shopping

[xibeijan]

Yes we have a public https web wallet run on the association's server.

The head dev insisted on forging at least 300 to 400 blocks before public access. Possibly to avoid initial forks but I'll let him explain the details tomorrow. The association will distribute the block rewards received during this time as bonus payments to the community.

That's fine as long as those block rewards are delivered back to the IPO stake holders proportionally.  Otherwise, this would be an unannounced premine that should have been declared in the IPO prospectus.  There is no technical reason to premine 300-400 blocks. QED

[1498622581]

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[quiglag]

Yes we have a public https web wallet run on the association's server.

The head dev insisted on forging at least 300 to 400 blocks before public access. Possibly to avoid initial forks but I'll let him explain the details tomorrow. The association will distribute the block rewards received during this time as bonus payments to the community.

That's fine as long as those block rewards are delivered back to the IPO stake holders proportionally.  Otherwise, this would be an unannounced premine that should have been declared in the IPO prospectus.  There is no technical reason to premine 300-400 blocks. QED

I agree. No pre-mine was mentioned, therefore the block rewards should go back to the IPO investors, not to the "community". I thought the whole point of IPO's was to not have a premine?

[Primitive]

I wonder if someone can give me some advice.

I'm an initial FIM stakeholder, and I'm leaving tomorrow night for Alaska, where I will be on a boat with (no internet).

I would like to be forging somehow.  Is this possible in any way?  Or am I going to just have to miss the first 10 days?

Thanks for advice!

[Krypt]

BTW, here are the genesis block stakeholder accounts for your perusal while we get some sleep
...........................
              TOTAL FIMK        666'280'000

Total accepted donations 533.0380646 BTC
Blockchain.info 191 donations, 225.5324219 BTC
DGEX.com 240 donators, 307.50564270 BTC

So 666280000/533.0380646 = 1'249'967 FIMK/BTC

Why my 1BTC stake received only 624984 FIMK ?   Am I missing something?

[wizzardTim]

BTW, here are the genesis block stakeholder accounts for your perusal while we get some sleep
...........................
              TOTAL FIMK        666'280'000

Total accepted donations 533.0380646 BTC
Blockchain.info 191 donations, 225.5324219 BTC
DGEX.com 240 donators, 307.50564270 BTC

So 666280000/533.0380646 = 1'249'967 FIMK/BTC

Why my 1BTC stake received only 624984 FIMK ?   Am I missing something?

So 1 BTC = 1'249'967 FIMK ??

[dance]

I wonder if someone can give me some advice.

I'm an initial FIM stakeholder, and I'm leaving tomorrow night for Alaska, where I will be on a boat with (no internet).

I would like to be forging somehow.  Is this possible in any way?  Or am I going to just have to miss the first 10 days?

Thanks for advice!

Just leave your computer on and your wallet opened and running. Beware that if someone will get access to your computer during that time you can loose your money.

UPD: Be sure that you've made an outgoing transaction to enable forging. You can also log out from the wallet without stopping forging by choosing corresponding option in log-out popup menu (and leave the server part running and forging), so to reduce the probability of unauthorised access.

[dance]

BTW, here are the genesis block stakeholder accounts for your perusal while we get some sleep
...........................
              TOTAL FIMK        666'280'000

Total accepted donations 533.0380646 BTC
Blockchain.info 191 donations, 225.5324219 BTC
DGEX.com 240 donators, 307.50564270 BTC

So 666280000/533.0380646 = 1'249'967 FIMK/BTC

Why my 1BTC stake received only 624984 FIMK ?   Am I missing something?

FIM-XJXA-VCLN-4BWL-2SGAB       313000000 Krypto Fin Basic income reserve account
This account is out of IPO.

[tobeaj2mer01]

So disappointed, I missed this coin IPO, I will buy some when it hits exchange.

[Eliphaz Fimk]

FIMK is in the air. Downloadable browser wallet

https://github.com/fimkrypto/fimk/releases/download/v0.2.0x/fim-0.2.0x.zip

Web wallet will be up soon.

We have open sourced the FIMKrypto software, which is obtainable at https://github.com/fimkrypto/fimk/

Krypto Fin is a nonprofit association that aims to progress the adoption and usage of cryptocurrencies worldwide. We welcome competent developers to join us in making FIMK the strongest community based cryptocurrency. The association is equipped to pay serious bounties and will strive to establish partnership deals with programmers worldwide to make FIMK's aspiration to a leading p2p system position the reality.

Forging may continue on association's account still for a while and occasionally after that. All block rewards received to the association's accounts or related accounts during the beginning phase will be distributed to initial stakeholders on pro rata basis according to details published later.

Head developer will come in to explain the technical requirements for private mining during the launch and until now.

[smaragda]

Check all notification messages like...  You're about to send over 10000 NXT...  I will post any I find!  

Guaranteed Balance:   0 NXT

[tobeaj2meraa]

FIMK is in the air. Downloadable browser wallet

https://github.com/fimkrypto/fimk/releases/download/v0.2.0x/fim-0.2.0x.zip

Web wallet will be up soon.

We have open sourced the FIMKrypto software, which is obtainable at https://github.com/fimkrypto/fimk/

Krypto Fin is a nonprofit association that aims to progress the adoption and usage of cryptocurrencies worldwide. We welcome competent developers to join us in making FIMK the strongest community based cryptocurrency. The association is equipped to pay serious bounties and will strive to establish partnership deals with programmers worldwide to make FIMK's aspiration to a leading p2p system position the reality.

Forging may continue on association's account still for a while and occasionally after that. All block rewards received to the association's accounts or related accounts during the beginning phase will be distributed to initial stakeholders on pro rata basis according to details published later.

Head developer will come in to explain the technical requirements for private mining during the launch and until now.

How to log on the wallet? what's the URL?

[FimKrypto]

I understand there was some confusion on why the organization account has been forging the first few hundred blocks.
In hindsight a better approach would have been to enable block rewards only after a few thousand blocks, but we can't go back now.
To be honest I never expected the IPO to be so successful. But I'm happy I was wrong 

The reasons that we wanted to forge blocks before releasing to the public are:

1. In case of a problem we could take it down and make adjustments.
2. And most importantly, the block chain is in not as secure at an extremely low blockheight as it is later on.

So sorry for the confusion, it's live now everyone can forge if they like.
I'm sure the organization and the community will work out a way what to do with the amount that was forged.

[Eliphaz Fimk]

So 666280000/533.0380646 = 1'249'967 FIMK/BTC

Why my 1BTC stake received only 624984 FIMK ?   Am I missing something?

Yes, initial distribution was always 333 140 000 FIMK.

Another 333 140 000 lot consisting of the basic income funds and organization's funds to be used for the community & block bonuses was added to the genesis block for technical reasons as described here: http://fimk.fi/en/info.htm

[quiglag]

Well, I am up and forging, now I sleep. Send me FIM to get your Public Key.

FIM-HFXM-BUEQ-K8WV-AB3TA

[FimKrypto]

Check all notification messages like...  You're about to send over 10000 NXT...  I will post any I find!  

Guaranteed Balance:   0 NXT

Good one. It must have slipped through the cracks.
To be clear there is no hidden module in the FIM client that allows you to send NXT from thin air. 

Btw. We have an issue tracker over at https://github.com/fimkrypto/fimk/issues

[smaragda]

Good one two.

...just making sure you look into both!   

[Eliphaz Fimk]

How to log on the wallet? what's the URL?

https://wallet.fimk.fi:7886

There is an annoying technical requirement to make an outgoing transaction somewhere before you can forge (do that before block 1440). FIMKrypto organization account is FIM-M3YE-7Q2G-JEZS-HPHK4.

[mellorbo]

how long does it take for my balance to become effective to forge after sending to a new secure account (sent from dgex distribution account)

[Eliphaz Fimk]

how long does it take for my balance to become effective to forge after sending to a new secure account (sent from dgex distribution account)

Stakeholders must make an outgoing transaction before block 2880 or they'll
have to wait 1440 blocks before they can forge. Non-stakeholder accounts must
always wait 1440 blocks after their first outgoing transaction
before they can forge.  

[onlinepro]

Okay, my wallet is "forging" now.
What does it mean? Do I get some coins for it? How much?