[♔] British Digital Currency | 5% annual PoS - Bittrex - Fiat to BritCoin [BRIT]

[Tyke]

We are getting more buy support, hope the updates/news this week will gain us more

good .well I hope to have many more small investors is a major investor in britcoin

Well we're hoping once BritCoin get published on a major news outlet it will attract an investor willing to buy £5k+ or so in Brits, that's 16 BTC and enough to take the price up from 500sat to over 14,000sat, it's enough to clear the entire sell wall actually.

That's what we're hoping will happen, £5k is not a huge commitment to a large investor.

Please say when Proof of Work mining started and ended.  Also, what was the block reward initially and the halving time (if there was one)?

Has Proof of Stake been possible from effectively day one of the launch?

Thank you

[peterw1234]

We are getting more buy support, hope the updates/news this week will gain us more

good .well I hope to have many more small investors is a major investor in britcoin

Well we're hoping once BritCoin get published on a major news outlet it will attract an investor willing to buy £5k+ or so in Brits, that's 16 BTC and enough to take the price up from 500sat to over 14,000sat, it's enough to clear the entire sell wall actually.

That's what we're hoping will happen, £5k is not a huge commitment to a large investor.

Please say when Proof of Work mining started and ended.  Also, what was the block reward initially and the halving time (if there was one)?

Has Proof of Stake been possible from effectively day one of the launch?

Thank you

Block reward was 1000 coins per block. PoW started in June and ended in July. Don't remember the specific dates (someone might help to fill this up?). There has been no any problem so far since the launch

Details
BritCoin (BRIT)
X13 Algorithm
60 second block time
PoW + PoS Hybrid
PoW ended at Block 20,000
10 Million Coins estimated in PoW phase (20 million total supply)
12 hours min stake age
5% Annual Interest on Staked coins
No IPO
No Foundation
1% Premine for Bounties, Competitions and Giveaways
110 Block confirmations to maturity (for mined blocks)
6 block confirmations for coin transfers
1000 Coins per block
Ports: Main=9197, RPC=9198

[Akajsoos]

14k for one BRIT, hmm sounds great.

William, could you remake logo in mac os app?

http://s010.radikal.ru/i311/1408/57/fe60caac3a72.png

as you can see logo carelessly cut

[Akajsoos]

http://www.coin-hub.co.uk/britcoin-75-c.asp

is it good for britcoin at the initial stage when the price is over 300%?
we lose customers, i think.

[peterw1234]

http://www.coin-hub.co.uk/britcoin-75-c.asp

is it good for britcoin at the initial stage when the price is over 300%?
we lose customers, i think.

Not sure what you meant but the price on that website seems like overpriced

[peterw1234]

We are getting more buy support, hope the updates/news this week will gain us more

good .well I hope to have many more small investors is a major investor in britcoin

Well we're hoping once BritCoin get published on a major news outlet it will attract an investor willing to buy £5k+ or so in Brits, that's 16 BTC and enough to take the price up from 500sat to over 14,000sat, it's enough to clear the entire sell wall actually.

That's what we're hoping will happen, £5k is not a huge commitment to a large investor.

Real investors would be great indeed. We don't need whales to create fake rises

[will7am]

14k for one BRIT, hmm sounds great.

William, could you remake logo in mac os app?



as you can see logo carelessly cut

No probs, I'm sure one of our devs can fix the wallet image ready for the next update.

Your staking rewards look normal, 5% of 14k / 365 = 1.9Brits per day.

[dennemann]

http://www.coin-hub.co.uk/britcoin-75-c.asp

is it good for britcoin at the initial stage when the price is over 300%?
we lose customers, i think.

Yeah we are in no way affiliated with that site, our site is buybritcoins.com which is alot cheaper.

[will7am]

http://www.coin-hub.co.uk/britcoin-75-c.asp

is it good for britcoin at the initial stage when the price is over 300%?
we lose customers, i think.

Yeah we are in no way affiliated with that site, our site is buybritcoins.com which is alot cheaper.

This.  I only found out about coin-hub.co.uk the other day, I'm shocked by the prices they charge..  When I checked last week, it was something like double the price of BuyBritCoins.com, which gets its price from what it would cost to buy from the sell wall on Bittrex.

[will7am]

http://www.coin-hub.co.uk/britcoin-75-c.asp

is it good for britcoin at the initial stage when the price is over 300%?
we lose customers, i think.

Yeah we are in no way affiliated with that site, our site is buybritcoins.com which is alot cheaper.

This.  I only found out about coin-hub.co.uk the other day, I'm shocked by the prices they charge..  When I checked last week, it was something like double the price of BuyBritCoins.com, which gets its price from what it would cost to buy from the sell wall on Bittrex.

Price for 10,000 BritCoins on coin-hub.co.uk is £76.70..  Price on BuyBritCoins.com £19.92.   Really hope no one falls for coin-hub's tricks.

[Akajsoos]

14k for one BRIT, hmm sounds great.

William, could you remake logo in mac os app?

http://s010.radikal.ru/i311/1408/57/fe60caac3a72.png

as you can see logo carelessly cut

No probs, I'm sure one of our devs can fix the wallet image ready for the next update.

Your staking rewards look normal, 5% of 14k / 365 = 1.9Brits per day.

not quite so  
i am like Lord Of BRIT
and I do not want to stop
and no one will stop me
muahahaha

http://s010.radikal.ru/i313/1408/7e/8d79ae3cef4c.png

[will7am]

14k for one BRIT, hmm sounds great.

William, could you remake logo in mac os app?



as you can see logo carelessly cut

No probs, I'm sure one of our devs can fix the wallet image ready for the next update.

Your staking rewards look normal, 5% of 14k / 365 = 1.9Brits per day.

not quite so  
i am like Lord Of BRIT
and I do not want to stop
and no one will stop me
muahahaha

Hah!  You have much more than me!  Think I'll have to setup a community BritCoin donation chest soon.

I keep spending the Brits I bought/mined on bounties and prizes.

[will7am]

A quick updates for you guys.  The new BritCoin website will be released (http://BritCoin.io) at around 6pm this evening.  It has a better design and much more information, we need a good homepage due to the fact we're launching our Kickstarter campaign at the start of next month, plus it's the first entry point for most new BritCoin users.

We're also trying to decide what should be the currency symbol for BritCoin, we have a few options;

Which of these looks the best?

₤ - ₤1,500.00

♔ - ♔1,500.00

♕ - ♕1,500.00

♚ - ♚1,500.00

♛ - ♛1,500.00


Personally I like the ₤ symbol, with the double strike.. One strike for old money, two for new.

Let me know what you guys think, or if you have any others you think would be good!

[fiftyseven]

Some people already write the sterling sign with two strikes. It's also actually the Italian Lira sign (before they took on the Euro). It's too close to any FIAT equivalent IMO.

How about ᴃ - unicode U+1D03.
Or ㎇ - unicode U+3387.

Quite like that:

㎇1,500.

Otherwise I like your first crown (number 2).

[gysca]

Some people already write the sterling sign with two strikes. It's also actually the Italian Lira sign (before they took on the Euro). It's too close to any FIAT equivalent IMO.

How about ᴃ - unicode U+1D03.
Or ㎇ - unicode U+3387.

Quite like that:

㎇1,500.

Otherwise I like your first crown (number 2).

㎇ similar with greenbacks

i like number 2 

[will7am]

Some people already write the sterling sign with two strikes. It's also actually the Italian Lira sign (before they took on the Euro). It's too close to any FIAT equivalent IMO.

How about ᴃ - unicode U+1D03.
Or ㎇ - unicode U+3387.

Quite like that:

㎇1,500.

Otherwise I like your first crown (number 2).

Some people may write using the double strike, but I think it's quite rare though..  Using hand writing anyway, online/digitally, you never see the '₤'.  We need a symbol that will be easy for the public to adopt, I think using £ for FIAT and ₤ for Crypto makes the most sense.  And regarding the Lira, I'm sure only a small percentage of people in the UK would know that, it would be problematic if they hadn't switched to the Euro though.

I like ㎇, but there was (not sure if it's around any more) a coin called GB..  Pitty that BlackCoin took BC from us.

[will7am]

Some people already write the sterling sign with two strikes. It's also actually the Italian Lira sign (before they took on the Euro). It's too close to any FIAT equivalent IMO.

How about ᴃ - unicode U+1D03.
Or ㎇ - unicode U+3387.

Quite like that:

㎇1,500.

Otherwise I like your first crown (number 2).

㎇ similar with greenbacks

i like number 2 

Number 2 (♔) was my favorite, but I thought it would be tricky to draw.

[Akajsoos]

Personally I like the ₤ symbol, with the double strike.. One strike for old money, two for new.

+1

[brownmon]

I like the crown.

The double-strike pound looks too similar to the fiat pound symbol.

[will7am]

₤ would probably make sense to the majority of people, it's really easy to remember.

I agree with you, we need to remember that BritCoin has to live alongside FIAT if it's going to become an alternative to the current monetary system, it's quite simple to remember one strike through for GBP Sterling (£) and two strikethroughs for BritCoin (₤).  I would imagine that businesses will just add a (₤xxx.xx) after the normal GBP price on their websites etc.

The biggest fault I can find with the crown is it's a little difficult to draw, but I' terrible at drawing.

More opinions for both sides would be great.