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

[GoldenEye]

Can you send some FIMK for testing?

FIM-ECWF-QM88-RPHR-4K4QD

[1713954776]

1713954776

[1713954776]

1713954776

[Eliphaz Fimk]

You were sent some FIMK last night.

You can also use the faucet from http://fimk.fi/links.htm

Can you send some FIMK for testing?

FIM-ECWF-QM88-RPHR-4K4QD

[funbug]

http://107.170.145.83:6886/ go to FORK !!!!

[Eliphaz Fimk]

Right, fork on two public spare testnet nodes, please use https://wallet.fimk.fi:6886/ for tests. To get an account number it doesn't matter if you use a forked node.

Dev took a rare time off just at the "right" moment...

http://107.170.145.83:6886/ go to FORK !!!!

[funbug]

Right, fork on two public spare testnet nodes, please use https://wallet.fimk.fi:6886/ for tests. To get an account number it doesn't matter if you use a forked node.

Dev took a rare time off just at the "right" moment...

http://107.170.145.83:6886/ go to FORK !!!!

My node https://176.31.88.127:6886/

Account ID:   7709777777102744927
New Address Format:   FIM-KVCZ-3B4Q-3EJ8-84PZP
Balance:   21'891.18997569 FIM
Unconfirmed Balance:   21'891.18997569 FIM
Guaranteed Balance:   19'125.18997569 NXT
Effective Balance:   19'125 FIM
Public Key:   859717a1bd2c48e91089f6c0e57e6c3913bec63c8a55439e289eb1bf05fead22

https://wallet.fimk.fi:6886/

Account ID:   7709777777102744927
New Address Format:   FIM-KVCZ-3B4Q-3EJ8-84PZP
Balance:   21'891.18997569 FIM
Unconfirmed Balance:   21'891.18997569 FIM
Guaranteed Balance:   19'125.18997569 NXT
Effective Balance:   19'125 FIM
Public Key:   859717a1bd2c48e91089f6c0e57e6c3913bec63c8a55439e289eb1bf05fead22

http://107.170.145.83:6886/

Account ID:   7709777777102744927
New Address Format:   FIM-KVCZ-3B4Q-3EJ8-84PZP
Balance:   21'603.18997569 FIM
Unconfirmed Balance:   21'603.18997569 FIM
Guaranteed Balance:   115'708.11141849 NXT
Effective Balance:   115'708 FIM
Public Key:   859717a1bd2c48e91089f6c0e57e6c3913bec63c8a55439e289eb1bf05fead22

[allwelder]

GCInc for escrow?

[MINIGO]

clone nxt?

[tj303]

Looks promising, I'm in, good luck to the FIMK staff!

+1
I'm in as well.

[casx]

i like the extra forger block reward system!

[Eliphaz Fimk]

GCInc for escrow?

Yes, DGEX is the escrow.

i like the extra forger block reward system!

Good, so do I. Interesting dynamics to be seen for sure.

There's a scammer thread on this forum, copied directly from our opening post, included stakeholder allocation details with a fake blockchain.info account. They added the magic word IPO to the header, which FIMK doesn't want to do as for legal reasons we are only taking donations.

Does this copycat scamming happen to other launching coins, or do these fraudsters see something of value that the general audience necessarily doesn't?

[Griceles]

The block reward system for the forging looks interesting but I would prefer that the block reward be on an increasing trend instead of declining so that it would be more well distributed between the  early adopters and the masses.
Also, the early adopters have an incentive to stay vested and be forging for a longer term rather than cashing out early. Perhaps the developers can consider reversing the amount on the block reward, something like below?

# Extra block forger rewards

Each block forger gets both the transaction fees and an extra block reward that halves every ~309 days (889.920 blocks). There are 4 stages:

•Stage 1. 25 FIMK (Total 177.984.000) (DAY 0 to DAY 308)
•Stage 2. 50 FIMK (Total 88.992.000) (DAY 309 to DAY 618)
•Stage 3. 100 FIMK (Total 44.496.000) (DAY 619 to DAY 928)
•Stage 4. 200 FIMK (Total 22.248.000) (DAY 929 to DAY 1238)

Just my 2 cents worth

[Eliphaz Fimk]

Also, the early adopters have an incentive to stay vested and be forging for a longer term rather than cashing out early. Perhaps the developers can consider reversing the amount on the block reward, something like below?

Thanks for the insightful suggestion! We've considered various block reward plans, and the chosen one which resembles that of Bitcoin's was evaluated to be the most suitable of the ones currently available. There are aspects such as inflation related to the basic income and such.

The plans are now locked in as this is what's promised to the donators. However later when there's an active community and developers available, even large changes like block reward alterations are possible to push through decentralized voting that the governing nonprofit association intents to make available for some major decisions if necessary.

[PL_CoinTrader]

More than 80 btc raised already! People are obviously interested in this project although the activity in this thread seems pretty low.
Two questions: Will there be a limit of donations? What are you going to do with the raised btc?
kind regards.

[Eliphaz Fimk]

More than 80 btc raised already! People are obviously interested in this project although the activity in this thread seems pretty low.

Well DGEX clients mostly... maybe they just know how to make profit?

Will there be a limit of donations?

No other than max 10% of stake donations (3% of total FIMK) per person

What are you going to do with the raised btc?

Run the nonprofit association for at least 4 years, pay bounties, cover development & promotion costs, arrange supporting projects (several under way).

[megashira1]

Looks like the project will generate well over 100btc as many are waiting on the sidelines till the last day to determine the amount they will need to contribute to get X% of total distribution.

Project seems promising. I am keeping an eye on it.

M

[mediogreFIN]

What are you going to do with the raised btc?

Run the nonprofit association for at least 4 years

That association:

- arranges events
- arranges competitions & promocontests
- communicates with community (voting polls, takes comments)
- promotes FIMK (mainly in Finland)
- is official entity for Finnish people to trust
- is open and democratic (tells when and how money has been spend, asks community how it can be spent better so everyone can benefit)

[Eliphaz Fimk]

Welcome to The Official FIMK forum that has been pre-released at http://forum.fimk.fi

Goodies such as FIMK tipping and transfers from within your forum account will be added in July.

[HarriHirsch]

What are you going to do with the raised btc?

Run the nonprofit association for at least 4 years

That association:

- arranges events
- arranges competitions & promocontests
- communicates with community (voting polls, takes comments)
- promotes FIMK (mainly in Finland)
- is official entity for Finnish people to trust
- is open and democratic (tells when and how money has been spend, asks community how it can be spent better so everyone can benefit)

Nice project, I am in. This could be a country-coin that works.

What about international promotion? If FIMK is only known in Finland the finnish people would not be able to make full use of it.

[mediogreFIN]

What about international promotion? If FIMK is only known in Finland the finnish people would not be able to make full use of it.

I can only speak for myself.

Associations main focus is in Finland but FIMK is not restricted. We are going to do international promo-stuff (this forum is one example, fimk.fi's forums english-area and partnership with DGEX).

We already have some contacts in other parts of Europe helping us. So it is quite possible that FIMK might succeed in other county.

*Updated after head of associations comment*

[funbug]

Please help?

• 313 million FIMK paid as basic income for every opt-in Finnish citizen >15 yrs of age - will participate in forging till 1.10.2014 -> basic income for Finnish citizens 100 FIMK / month / opt-in person (id'd)