[ANN] Potential Markets de-listed from Bittrex

[Robert_x]

Coming upto a month old....

Consistent Total Network HR : 23.21 GH/s

SEVEN Mining Pools

Good solid growing community

Over 6 MILLION COINS exchanged last few days.

Coin is backed by Registered London Company with full time PAID staff / devs

Bitcoin Thread : https://bitcointalk.org/index.php?topic=643028.0

Website : http://payprocoin.com

Explorer : http://explorer.payprocoin.com

Twitter @PayProCoin

On THREE exchanges ...

Come on BittrexExchange ! What are you waiting for?

Yes, BittrexExchange, please do come on.
PayProCoin is a stable launch with professional mining pools backing it as well as the points made by the gentleman above.
You would be fortunate to add PayProCoin to your exchange.

Indeed and only 1% premine (80,000,000) that is only 1 year of Theorically mining as premine.


Algorithm: SHA-256 (The first, the best)
Mining: 100% PoW - Asic Friendly! Point your Asic to PRO!
Total Coins: 8,000,000,000  (8 Billions)
Block Time: 5 Minutes
Diff Retarget: Daily
Premined Coins: 1%
Block Reward: 1000
Reward Halving: Every 1 Year. After 103680 Blocks (1 Year Theorically) will be produced 103,680,000 [PRO].
 Over an 8 Billions Total mineable on decades. This is why we call it long term mining.

+1

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[notsoshifty]

My concern obviously isn't that your developer doesn't know how to calculate 1% of 8 billion. Rather, it's that there is no clear basis for the stated number "8 billion" total coins, given that the code says the total coins is "290 million" (and the premine of 80 million is 27.59% of 290 million).

I'm not sure where you get the code says the total coins is 290 million?
Please explain this to me.
Darren

It's in this section of main.cpp:

Code:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 1000 * COIN;

    if (nHeight <= 8) {
	nSubsidy = 10000000 * COIN;
    }

    // Subsidy is cut in half every 105000 blocks, which will occur approximately every year
    nSubsidy >>= (nHeight / 105000);

    return nSubsidy + nFees;
}

This returns the block reward (nSubsidy) based on the block number (nHeight) and the fees (which we can ignore, as there is no net gain/loss).

For instance:
 - the first eight blocks have 10 million coins reward each
 - block 9 has 1000 coins reward
 - block 105000 has 500 coins block reward
 - block 6300000 has zero coins block reward
 - etc

If you sum each of the block rewards from block one until block 6300000, the total is approximately 290 million (not 8 billion).

Incidentally, due to a bug inherited from the Bitcoin source code (and now fixed in that code), every 6720000 blocks another 290 million coins can be mined, without limit (so again, not 8 billion total).

As such, I fail to see how you reach the total of 8 billion coins.

[PayProCoin]

My concern obviously isn't that your developer doesn't know how to calculate 1% of 8 billion. Rather, it's that there is no clear basis for the stated number "8 billion" total coins, given that the code says the total coins is "290 million" (and the premine of 80 million is 27.59% of 290 million).

I'm not sure where you get the code says the total coins is 290 million?
Please explain this to me.
Darren

It's in this section of main.cpp:

Code:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 1000 * COIN;

    if (nHeight <= 8) {
	nSubsidy = 10000000 * COIN;
    }

    // Subsidy is cut in half every 105000 blocks, which will occur approximately every year
    nSubsidy >>= (nHeight / 105000);

    return nSubsidy + nFees;
}

This returns the block reward (nSubsidy) based on the block number (nHeight) and the fees (which we can ignore, as there is no net gain/loss).

For instance:
 - the first eight blocks have 10 million coins reward each
 - block 9 has 1000 coins reward
 - block 105000 has 500 coins block reward
 - block 6300000 has zero coins block reward
 - etc

If you sum each of the block rewards from block one until block 6300000, the total is approximately 290 million (not 8 billion).

Incidentally, due to a bug inherited from the Bitcoin source code (and now fixed in that code), every 6720000 blocks another 290 million coins can be mined, without limit (so again, not 8 billion total).

As such, I fail to see how you reach the total of 8 billion coins.

If your stating that 'without limit' ... then 8 billion coins must be reachable?

[notsoshifty]

It's in this section of main.cpp:

<code removed>

This returns the block reward (nSubsidy) based on the block number (nHeight) and the fees (which we can ignore, as there is no net gain/loss).

For instance:
 - the first eight blocks have 10 million coins reward each
 - block 9 has 1000 coins reward
 - block 105000 has 500 coins block reward
 - block 6300000 has zero coins block reward
 - etc

If you sum each of the block rewards from block one until block 6300000, the total is approximately 290 million (not 8 billion).

Incidentally, due to a bug inherited from the Bitcoin source code (and now fixed in that code), every 6720000 blocks another 290 million coins can be mined, without limit (so again, not 8 billion total).

As such, I fail to see how you reach the total of 8 billion coins.

If your stating that 'without limit' ... then 8 billion coins must be reachable?

Are you really trying to get out on this technicality? Should we conclude you are incompetent, or outright scammers?

Every 64 years a bug in the block halving code will cause another 290 million coins to be mined. This bug has already been fixed in Bitcoin (despite it not affecting that coin for another 200+ years) and can clearly be fixed in PayPro very easily. Without a fix, the total number of coins is not 8 billion, it is infinite (with obvious caveats about 64 bit storage of numbers). With a fix, the total number of coins is not 8 billion, it is 290 million.

I ask again, what is your basis for stating that the total number of coins is 8 billion? If 8 billion total, what is the expected number of coins as a function of time (or block number), and why isn't that reflected in the code?

[PayProCoin]

It's in this section of main.cpp:

<code removed>

This returns the block reward (nSubsidy) based on the block number (nHeight) and the fees (which we can ignore, as there is no net gain/loss).

For instance:
 - the first eight blocks have 10 million coins reward each
 - block 9 has 1000 coins reward
 - block 105000 has 500 coins block reward
 - block 6300000 has zero coins block reward
 - etc

If you sum each of the block rewards from block one until block 6300000, the total is approximately 290 million (not 8 billion).

Incidentally, due to a bug inherited from the Bitcoin source code (and now fixed in that code), every 6720000 blocks another 290 million coins can be mined, without limit (so again, not 8 billion total).

As such, I fail to see how you reach the total of 8 billion coins.

If your stating that 'without limit' ... then 8 billion coins must be reachable?

Are you really trying to get out on this technicality? Should we conclude you are incompetent, or outright scammers?

Every 64 years a bug in the block halving code will cause another 290 million coins to be mined. This bug has already been fixed in Bitcoin (despite it not affecting that coin for another 200+ years) and can clearly be fixed in PayPro very easily. Without a fix, the total number of coins is not 8 billion, it is infinite (with obvious caveats about 64 bit storage of numbers). With a fix, the total number of coins is not 8 billion, it is 290 million.

I ask again, what is your basis for stating that the total number of coins is 8 billion? If 8 billion total, what is the expected number of coins as a function of time (or block number), and why isn't that reflected in the code?

Im the CEO, not a programmer - but with your second explanation i understand what you are trying to get across better.

Our head dev came with outstanding references which we checked and his work has been faultless on every project we give him and his team.
When we set the volume I was assured there would be no problem and after you brought this issue up before... was assured again there is no issue.

If there is something you did not understand when speaking directly to our developer I would be more than happy to set up a 3 way meeting as suggested earlier.

If you decline this offer, I will still put your posts here to him and post my findings.

Kind Regards
Darren

[notsoshifty]

Are you really trying to get out on this technicality? Should we conclude you are incompetent, or outright scammers?

Every 64 years a bug in the block halving code will cause another 290 million coins to be mined. This bug has already been fixed in Bitcoin (despite it not affecting that coin for another 200+ years) and can clearly be fixed in PayPro very easily. Without a fix, the total number of coins is not 8 billion, it is infinite (with obvious caveats about 64 bit storage of numbers). With a fix, the total number of coins is not 8 billion, it is 290 million.

I ask again, what is your basis for stating that the total number of coins is 8 billion? If 8 billion total, what is the expected number of coins as a function of time (or block number), and why isn't that reflected in the code?

Im the CEO, not a programmer - but with your second explanation i understand what you are trying to get across better.

Our head dev came with outstanding references which we checked and his work has been faultless on every project we give him and his team.
When we set the volume I was assured there would be no problem and after you brought this issue up before... was assured again there is no issue.

If there is something you did not understand when speaking directly to our developer I would be more than happy to set up a 3 way meeting as suggested earlier.

If you decline this offer, I will still put your posts here to him and post my findings.

Kind Regards
Darren

To be honest, my only issue is the disagreement between the code and the communication coming from the PayPro team, rather than a lack of understanding of the code (which is quite clear). In the interests of transparency and full disclosure of information to investors / potential investors, I'd rather keep discussions on a public forum rather than a private meeting. But yes, please post the findings either here or a less heavily moderated thread that the main PayPro one.

[PayProCoin]

Are you really trying to get out on this technicality? Should we conclude you are incompetent, or outright scammers?

Every 64 years a bug in the block halving code will cause another 290 million coins to be mined. This bug has already been fixed in Bitcoin (despite it not affecting that coin for another 200+ years) and can clearly be fixed in PayPro very easily. Without a fix, the total number of coins is not 8 billion, it is infinite (with obvious caveats about 64 bit storage of numbers). With a fix, the total number of coins is not 8 billion, it is 290 million.

I ask again, what is your basis for stating that the total number of coins is 8 billion? If 8 billion total, what is the expected number of coins as a function of time (or block number), and why isn't that reflected in the code?

Im the CEO, not a programmer - but with your second explanation i understand what you are trying to get across better.

Our head dev came with outstanding references which we checked and his work has been faultless on every project we give him and his team.
When we set the volume I was assured there would be no problem and after you brought this issue up before... was assured again there is no issue.

If there is something you did not understand when speaking directly to our developer I would be more than happy to set up a 3 way meeting as suggested earlier.

If you decline this offer, I will still put your posts here to him and post my findings.

Kind Regards
Darren

To be honest, my only issue is the disagreement between the code and the communication coming from the PayPro team, rather than a lack of understanding of the code (which is quite clear). In the interests of transparency and full disclosure of information to investors / potential investors, I'd rather keep discussions on a public forum rather than a private meeting. But yes, please post the findings either here or a less heavily moderated thread that the main PayPro one.

Just to be clear...

The PayPro thread is 'well' moderated to get rid of its resident troll and people too ready to shout scam rather than ask a question and more importantly.. listen to the answers given.

That wasn't directed at you BTW, however - it is obvious that after speaking to our dev you still have questions and for that I will now involve myself.

[ezimedia]

Coming upto a month old....

Consistent Total Network HR : 23.21 GH/s

SEVEN Mining Pools

Good solid growing community

Over 6 MILLION COINS exchanged last few days.

Coin is backed by Registered London Company with full time PAID staff / devs

Bitcoin Thread : https://bitcointalk.org/index.php?topic=643028.0

Website : http://payprocoin.com


Explorer : http://explorer.payprocoin.com

Twitter @PayProCoin

On THREE exchanges ...

Come on BittrexExchange ! What are you waiting for?

+1

I support it is added to the bittrex exchange.

Bittrex please list payprocoin!

Yes please list this coin...

[Bittrex-Bill]

if you want remove coins please wait minimum 10-15days!!   not 3-5days!!!!

+1 Good point, in fact, people can be on vacation etc.

Hi,

Thanks for the feedback.  We're taking community feedback on our policies and adjusting.  10-15 days feels like a long time in crypto trading but we are considering a 7 day window.

Bill

[Bittrex-Bill]

Please do not delist ShibeCoin. We are in the middle of a rough transition between the old developers and the community members who took over maintenance and development of the coin. It has been a lot of long negotiations and we still don't quite have access to everything we need. Our community therefore humbly begs for more time to resolve the current situation.

First, your original ShibeCoin team leaders were some of the most despicable people around.

Second, if you believe in this coin, then trade it. Bittrex isn't going to delist a coin that they make money on. So make them some money already.

SHIBE is saved this week due to the amount of trading it saw today.  We hope to see sustained success of the coin.

Bill

[cdj27]

Consistent Total Network HR : 32.0 GH/s
a new FRESH mining algorithm
Eight  Mining Pools
Bitcoin Thread : https://bitcointalk.org/index.php?topic=670939.0
Website :http://www.freshcoin.net

Come on BittrexExchange ! What are you waiting for?

[nutildah]

But Bill, Hawaiicoin tho.. ... UH football season is coming and I wanted HIC to be the currency of local gamblers choice.

Today was a sad day in Hawaii, in my particular corner of my apartment.

There was no aloha to be given.

I did receive the email about being warned about wallet removals, so thanks for that.

[aleandromagno]

Coming upto a month old....

Consistent Total Network HR : 23.21 GH/s

SEVEN Mining Pools

Good solid growing community

Over 6 MILLION COINS exchanged last few days.

Coin is backed by Registered London Company with full time PAID staff / devs

Bitcoin Thread : https://bitcointalk.org/index.php?topic=643028.0

Website : http://payprocoin.com

Explorer : http://explorer.payprocoin.com

Twitter @PayProCoin

On THREE exchanges ...

Come on BittrexExchange ! What are you waiting for?

+1

[placebo]

This is a de-list thread, not a voting trade or a promotion thread for Payprocoin. That looks like some people complained about it.

[daxiake]

bill,why you bittrex always add scam coins without a professional judgement?

such as nud,a excellent coin,could you have an eye on it?

thanks.

[placebo]

bill,why you bittrex always add scam coins without a professional judgement?

such as nud,a excellent coin,could you have an eye on it?

thanks.

-1 Honestly i believe they need to add more coins and give all coins the possibility to achieve a name, some of them are scam, but is Darkcoin also not scam because of the hidden block? Is Bitcoin also not scam because of that premine?

I would like that Bittrex add all coins and depending on the activity on the coin remove it after 4 weeks.

[dodouuu]

Coming upto a month old....

Consistent Total Network HR : 23.21 GH/s

SEVEN Mining Pools

Good solid growing community

Over 6 MILLION COINS exchanged last few days.

Coin is backed by Registered London Company with full time PAID staff / devs

Bitcoin Thread : https://bitcointalk.org/index.php?topic=643028.0

Website : http://payprocoin.com

Explorer : http://explorer.payprocoin.com

Twitter @PayProCoin

On THREE exchanges ...

Come on BittrexExchange ! What are you waiting for?

Yes, BittrexExchange, please do come on.
PayProCoin is a stable launch with professional mining pools backing it as well as the points made by the gentleman above.
You would be fortunate to add PayProCoin to your exchange.

Indeed and only 1% premine (80,000,000) that is only 1 year of Theorically mining as premine.


Algorithm: SHA-256 (The first, the best)
Mining: 100% PoW - Asic Friendly! Point your Asic to PRO!
Total Coins: 8,000,000,000  (8 Billions)
Block Time: 5 Minutes
Diff Retarget: Daily
Premined Coins: 1%
Block Reward: 1000
Reward Halving: Every 1 Year. After 103680 Blocks (1 Year Theorically) will be produced 103,680,000 [PRO].
 Over an 8 Billions Total mineable on decades. This is why we call it long term mining.

+1

+1

[PayProCoin]

PayProCoin Update

Ref : Max Coins

This update refers to accusations that our source code conflicts with our launch statement ; maximum number of coins = 8 billion.

Before I declare where we stand on this issue, i would like to thank..

• notsoshifty for bring the issue to my attention and explaining concerns in detail with me
• my head developer for taking time out from his holiday for a very long Skype meeting
• a number of contract developers for which I also sought independent advice

I have decided to uphold both notsoshifty and my head developers statements.

Case for notsoshifty

PRO source code does not state 8 billion coins max : UPHELD

Case for Pro Development Team

The halving will not go under 1 coin per block, therefore 8 billion could be reached. ALSO UPHELD

It is therefore my decision that the source code remain as it is until such time it may require a fork
(hundreds of years from now if at all).

I will also be updating our launch statement to include text to this matter.

If the community would prefer - I will agree to a hard fork but there may be sacrifices doing this which is why I see no reason to do this at this time, if at all.

Basically - business as normal.

I wish to thank everyone for their time and input on this important subject and I hope this now concludes it.

Kind Regards
Darren Palmer
CEO

[franckuestein]

@PayProCoin
Send a dm to Bittrex devs, maybe it's going to be better than posting here because all the news... can be posted on your [ANN] and IMAO maybe they don't see your comment here.

[Arbitrageur]

how many crapcoins, unbelievable!