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jc12345
Legendary
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Activity: 1638
Merit: 1013
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June 18, 2014, 08:56:54 AM
Last edit: June 18, 2014, 09:58:50 AM by jc12345 |
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Great. Dev what is the current money supply in circulation for transparency purposes? |
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CryptoSkills
Full Member
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Activity: 126
Merit: 100
BitCoin, webdesign and coding.
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June 18, 2014, 01:42:12 PM |
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Great. Dev what is the current money supply in circulation for transparency purposes? Totally supply of coins is 4,117,000 ATM according to the block explorer  You need to take the "Total Coins" where is also summed the pre mined coins. so you always need to subtract 80M to the total coins in the explorer so you can have the net number of mined coins. |
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jc12345
Legendary
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Activity: 1638
Merit: 1013
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June 18, 2014, 02:08:08 PM |
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Great. Dev what is the current money supply in circulation for transparency purposes? Totally supply of coins is 4,117,000 ATM according to the block explorer You need to take the "Total Coins" where is also summed the pre mined coins. so you always need to subtract 80M to the total coins in the explorer so you can have the net number of mined coins. Ok thanks. |
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jc12345
Legendary
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Activity: 1638
Merit: 1013
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June 18, 2014, 06:21:04 PM |
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Dev can you please make us a rich list, again for transparency purposes? We can then see how many coins are in the different addresses, as well as track the movement of the large accounts. It is a very reasonable request and is one of the important building blocks for trust.
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PayProCoin (OP)
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June 18, 2014, 06:22:28 PM |
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Dev can you please make us a rich list, again for transparency purposes? We can then see how many coins are in the different addresses, as well as track the movement of the large accounts. It is a very reasonable request and is one of the important building blocks for trust.
Rich list and much more is available at explorer.payprocoin.com |
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jc12345
Legendary
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Activity: 1638
Merit: 1013
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June 18, 2014, 06:24:13 PM |
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Dev can you please make us a rich list, again for transparency purposes? We can then see how many coins are in the different addresses, as well as track the movement of the large accounts. It is a very reasonable request and is one of the important building blocks for trust.
Rich list and much more is available at explorer.payprocoin.com Excellent. Thanks dev. |
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worldrichlist
Member
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Activity: 63
Merit: 10
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June 18, 2014, 08:33:08 PM |
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Things take time to take off but i think you need a big exchange...try bittrex offer bounties get us somewhere DEV
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PayProCoin (OP)
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June 18, 2014, 09:24:39 PM
Last edit: June 18, 2014, 11:12:55 PM by PayProCoin |
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I am trying to choose my words carefully - .......
For a moment, place yourself in the shoes of an investor on the other side of the fence and take a look at the rich list. What thoughts would have gone through your mind?
I've got to disagree. It was made clear from day one there was a 1% premine and there was to be 8 Billion coins available full cycle. As an investor you must have read that. It wasn't hidden and is clear to read from the top of this thread. In 3 months time more than 1% would have been mined and I dare say at somepoint in the year the premine accounts will no longer be at the top of the list. Also. One of the top accounts is restricted to funding projects set out in our mandate over the future. Another will be used to keep the coin operating in the future. I would also like to point out that I have to pay hard cash every month for - 5 Servers and growing
- 3 Developers
- Admin Staff
- Contract Designers
- Office Space
- Advertising Budget
- Telephone + Broadband Services
- Bounties
To name just a few expenses which I am currently funding from my own pocket but will need to be paid for the lifetime of this coin ... ie forever. We have been transparent from the start and will continue to be so. The newly launched coin is in good shape and anyone buying in at the current rate is in my opinion is getting a very, very good bargain. Kind Regards Darren Palmer |
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Trinibits
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June 18, 2014, 11:06:32 PM |
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You forgot to mention your paying for 3 developers aswell  |
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PayProCoin (OP)
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June 18, 2014, 11:14:51 PM |
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You forgot to mention your paying for 3 developers aswell Thanks for the correction  But they aren't cheep |
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Trinibits
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June 18, 2014, 11:21:18 PM |
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You forgot to mention your paying for 3 developers aswell Thanks for the correction But they aren't cheep I can imagine mate. I hope it is a great success |
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notsoshifty
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June 19, 2014, 12:13:55 AM |
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In 3 months time more than 1% would have been mined and I dare say at somepoint in the year the premine accounts will no longer be at the top of the list.
In 3 months time, won't the (non-premined) mined coins be closer to 30 million, and it will instead take 8-9 months to mine 80 million coins and so match the premine? The mining rate was very quick at the beginning (with around 3 million coins mined in the first 3 hours), but that was due to the slow retargetting process which has now settled down. Now it is 288,000 coins per day, or 8-9 million coins per month. |
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PayProCoin (OP)
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June 19, 2014, 04:41:49 AM |
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In 3 months time more than 1% would have been mined and I dare say at somepoint in the year the premine accounts will no longer be at the top of the list.
In 3 months time, won't the (non-premined) mined coins be closer to 30 million, and it will instead take 8-9 months to mine 80 million coins and so match the premine? The mining rate was very quick at the beginning (with around 3 million coins mined in the first 3 hours), but that was due to the slow retargetting process which has now settled down. Now it is 288,000 coins per day, or 8-9 million coins per month. I hadn't done the maths tbh (was the end of another 18 hour day). It's obvious that 3 month / 6 months / 9 months.... doesn't alter the point I was making. Darren |
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mp2btc
Member
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Activity: 91
Merit: 10
MP & UKASH EXCHANGER & ESCROW SERVICE
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June 19, 2014, 04:04:05 PM |
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man u need to get this on bittrex or polo
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mp2btc.co.nr & ESCROW SERVICE'S
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ctya
Member
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Activity: 297
Merit: 30
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June 19, 2014, 05:05:06 PM |
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Nice work Darren and crew. It is a very steady and professional start. You mentioned a staff of developers in a previous post. What else is on the short term road map for PayProCoin? What features are expected to be introduced to the coin code? Are there any plans to make this coin merge-mineable? Will the code remain open-source? Is there a donation address where we can point hash for the benefit of a trust you control? Cheers! |
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PayProCoin (OP)
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June 21, 2014, 12:26:38 AM |
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As from next week users of PayProCoin will be able to gift PayProCoins to friends, relatives, colleagues ect.
We will also be introducing a faucet program allowing users to send a FREE gift containing our wallet download + a nominal amount of PayProCoins to which the sender can add to.
We will also be aiming this program at online greeting card retailers / outlets and the business promotion sector.
More to follow...
Darren
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