[ANN][1CR] 1CRedit Coin Relaunch

[lara59236]

when will dev make  some updates to this coin i see volume in trade this coin very low

[1713893061]

1713893061

[Cassey]

Coin is running as designed.  Not going to change it just to change it.

[Chris Sokolowski]

Like all high quality coins, 1CRedit maintains an active DNSSEED network.  You should NEVER have to specify addnodes.  All wallets should simply work upon launching.

Despite this, I only have one connection.  I have 1CRedit disabled for mining at Prohashing because with one connection we can't be confident that our blocks would ever propagate to the network.  Would some kind users please list their connections so I can get our client more connected?

[Cassey]

There appears to be on Trojan node out there at 85.236.188.28, since its running protocol version 80007 of the code, which is about 10,000 versions higher than production.  That is likely causing problems.  I've seen this happen with other coins and can add some code to check for it.

Please make sure your at least connected to the two of the three seeds:  66.128.118.35, 66.128.118.38, and 216.146.251.13.  I will share that .35 currently has 15 connections.

Sad world where people try and scam coins like this.

Update:  Testing the protocol patched version on .35 and had 6 connections in seconds, 11 connections in under a minute.  HIGHLY recommend you run the linux based code if you can.  My linux clients almost always have more connections than Windows version.  Not sure why.

Update 2:  New source pushed to github.  Will try and get a Windows executable built tomorrow.

[Chris Sokolowski]

Thanks for the really quick update.  I recompiled the latest source code and redownloaded the block chain.  I still only have one connection - this time to 66.128.118.38.  I manually added the three nodes, and I got a connection to .35, which makes only 2 connections.  I have made sure that the client does have a port to the internet; it's not firewalled.  Do you have a suggestion I can try to get the other connections?  The IP address of my node is 98.115.147.74.

My client returns:

Code:

"version" : 90924,
"protocolversion" : 70024,
"walletversion" : 60000,
"balance" : 1.75994360,
"blocks" : 49660,
"timeoffset" : 0,
"connections" : 2,
"proxy" : "",
"difficulty" : 0.30032445,
"testnet" : false,
"keypoololdest" : 1434618000,
"keypoolsize" : 100,
"paytxfee" : 0.00000000,
"mininput" : 0.00001000,
"unlocked_until" : 0,
"errors" : ""

[Cassey]

Well... ideally you should have tcp port 6666 forwarded from your firewall to the machine running the coin daemon.  Doing that, along with the "listen=1" in your configuration file, will make your machine a full node in the network.

I'd also suggest you remove your peers.dat file in the folder with your configuration file.  Peers.dat is the list of all machines your daemon has ever tried to connect to, which it then filters and then randomly tries to connect to (you will see all the attempts in your debug.log if you look in there).  Removing it will cause you to connect to the dnsseeds, and they will communicate who they are connected to.

If your willing, try that.

[dnaleor]

what's happening with the price recently?  
It seems like someone is accumulating. We had a first bubble in april, but the price didn't drop below 0.2 mBTC. Then we saw a small spike in may, price remained strong and started to rise again. We had a small bubble again 10 days ago, but it didn't fell hard. Maybe we'll drop, but i think we are establishing an uptrend here



I didn't look at 1CR for a long time. I just did my investment based on the fundamentals.
I am willing to donate 50 1CR (~0.1% of the current supply) to someone who can add 1CR to the coinomi smartphone wallet. I hope some others will donate as well

[Cassey]

Thanks for the analysis!

The markets reaction to 1CRedit has always surprised me.  It has historically been valued substantially higher than YACCoin after factoring in the differences in coin quantities (# per block and block times).  I think people like the limited availability a LOT.

Cheers,

Cassey (author of YACCoin, 1CRedit, and IMACredit)

[Cassey]

Oddly, the fact that all my coins will inflate over time, although at an ever decreasing rate, really annoys some people. The difference is that classic coins, say Bitcoin, will actually have a ever so slowly decrease in coin volumes due to lost wallets (how many were lost in the Mt. Gox fiasco?).  Over time, my coins will replace those losses.

From a 20 year perspective: 5% of the then existing coins were mined in year 1, 5% in year 2, etc.  5% more will be mined in year 20.  40 year perspective cuts those in half.  Which is fairer in terms of wealth accumulation?  Bitcoin launched in 2009, in 7 years 3/4's of all the coins that will ever be mined, have been.  Of those 7 years, it was virtually unknown for 2? 3? 4? of those years, but the mining rate was huge compared to today.  Basically early adopter won big time.  No such scenarios with my coins.  Anyhow, that was my train of thought when I tweaked the source code and created my coins...

[Cassey]

Well, the good news is that all my coins are open source, zero pre-mine, no ico coins.

Switching to another algo is actually harder, by far, then creating the original coin - unless I just clone someone else's effort and tweak the reward policies.

[Cassey]

Alas, not looking to create any new coins or revamp that significantly anything I have.

You are, however, more than welcome to snag the 1CRedit source code off of github and give it a go.  Even feel free to leverage the name, like "1CReditPrime" (exchange 1CRP).  Please just do it right, change the genesis key, and other related signature fields.

[dnaleor]

Bitcoin launched in 2009, in 7 years 3/4's of all the coins that will ever be mined, have been.  Of those 7 years, it was virtually unknown for 2? 3? 4? of those years, but the mining rate was huge compared to today.  Basically early adopter won big time.

This, 100%

I think a lot of early bitcoiners (let's say pre 2013) underestimate this issue. Basically BTC was slowly "stealthmined". With every passing year, it will become a lot more dificult to attract new people to BTC due to this fact.

[ecawyna]

success with your relaunch dev!

[dnaleor]

By the way, I don't think it's really possible to model distribution to the number of users in a decentralized way.
So the most neutral approach is what 1CR is doing: just a linear increasing supply.

[Cassey]

success with your relaunch dev!

Just for the record... the "relaunch" was over 2 years ago.  This thread has evolved into the "1CRedit" chat thread, which is fine.

Also for the record, not looking to make any major changes in the coin.  I'll be adding checkpoint records occasionally just for the health of its blockchain, but at this point, it appears pretty stable.

Cassey - 1CRedit dev.

[Cheena]

Is there any news?  Why is the price up 200% on Poloniex?

Big news coming for 1CRedit, dapps etc

[Cassey]

Somebody is pumping it?  There is NO NEWS coming about 1Credit beyond the same news:  its stable, its doing what its suppose to, it is still supported.

[dnaleor]

I still think someone is just accumulating.

But it would be cool to make 1CR a bit more usable. The 50 1CR bounty I offered for adding 1CR to Coinomi still stands.

Also, does someone know how we can comply to the coinmarket requirement to have a simple page where the coin count is displayed?
I know Cassey asked for this and I tried to look into it how to do it. But i'm not really a good coder and failed miserably.

edit: I am planning an article for steemit and my blog with the title "Satoshi's biggest mistake" in which I'll describe why inflation makes sense (not only from an economic point of view, but also for potential adoption in the future). I'll also briefly give an overview of inflationary coins and of course I'll include 1Credit

[dnaleor]

Last block was July 30. So no coins can be sent to the exchange until the blockchain gets moving again. The price could be pumped to a hundred bitcoin and no more will arrive until the next block.

well, everybody can mine it
I still have some old scrypt ASICS, should give it a shot.

By the way, I just found out that the coinmarketcap thing is apparently fixed
We can see our market cap now here: http://coinmarketcap.com/currencies/1credit/

[Cassey]

I thought they were.  I worked with them back when you first requested it and found a site that was "good enough" to give them what they asked for.

Thanks for confirming everything is still up!