[ANN] [PMP] PreminePlus Launch ~ New Features! ~ Oct Signup Free Distribution!

[skunk]

add my node ip if it's not already included in your peers: 90.161.84.133
xz compressed bootstrap is just 28M, let me know if i should upload it to mega...

[TheLittleDuke]

add my node ip if it's not already included in your peers: 90.161.84.133
xz compressed bootstrap is just 28M, let me know if i should upload it to mega...

will do on next restart -- but looks like you were discovered...

Code:

coind@seed:~$ ./PreminePlusd getpeerinfo | grep 90
        "addr" : "90.161.84.133:42544",

Closer...

Code:

   "blocks" : 108496,
   "moneysupply" : 1108710.09492300,

-dvd

[TheLittleDuke]

Okay seems like its caught up -- but still getting Checkpoint warnings even if I restart it...

Code:

coind@seed:~$ ./PreminePlusd getinfo
{
    "version" : "v0.7.7.0",
    "protocolversion" : 60009,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "newmint" : 0.00000000,
    "stake" : 0.00000000,
    "blocks" : 123420,
    "moneysupply" : 1131633.88328700,
    "connections" : 3,
    "proxy" : "",
    "ip" : "192.169.7.65",
    "difficulty" : 0.00024896,
    "testnet" : false,
    "keypoololdest" : 1462548035,
    "keypoolsize" : 102,
    "paytxfee" : 0.00010000,
    "errors" : "WARNING: Checkpoint is too old. Wait for block chain to download, or notify developers."
}

[TheLittleDuke]

Okay now that I have a wallet on one of our seed nodes that is ostensibly all caught up...

Who's willing to send me some small amount to see if sends are working?

Your choice on if you want them back or if you want 2GIVE in exchange...

coind@seed:~$ ./PreminePlusd getaccountaddress ""

P9HssdPzRhxBERg2JxB668JgbRrbBJ64PG

-dvd

[MadCow]

Definitely give it a try. In case there is new dev we can always hard fork and swap all users except of Nullu (if he doesn't pop up) and then have some bounty available for the new dev from the remaining new coins. So technically we can offer some bounty, the amount may be subject to public discussion. The problem is to find someone.

I'd like to cordially invite you all to consider a "reverse-merger" into 2GIVE

https://bitcointalk.org/index.php?topic=741714.0

The whitepaper/value proposition is here:

http://bit.ly/2GiveCoin

With daily updates posted on FB:

https://www.facebook.com/projectgivecoin/

A "reverse merger" would essentially mean establishing a valuation and then asking an exchange to facilitate a coin-swap from PMP:2GIVE

We are planning something similar for a couple of other thinly supported ALTS.

If anything, we'd welcome the additional help with our "air drop" that is going on right now.

Thanks for your time and consideration.

-dvd

I like the idea, but it would be difficult to do a valuation of the coin as its not being traded in any exchanges now.
Could you tell us some rough figures you have in mind for the reverse merger?

I like the idea too, but PMP might be a little more valuable than 1:1.

[jalmari]

Okay now that I have a wallet on one of our seed nodes that is ostensibly all caught up...

Who's willing to send me some small amount to see if sends are working?

Your choice on if you want them back or if you want 2GIVE in exchange...

coind@seed:~$ ./PreminePlusd getaccountaddress ""

P9HssdPzRhxBERg2JxB668JgbRrbBJ64PG

-dvd

I just sent you one PMP, use it wisely

[jalmari]

Here is my peerinfo:

Code:

{
"addr" : "90.161.84.133:17222",
"services" : "00000001",
"lastsend" : 1462603135,
"lastrecv" : 1462602065,
"conntime" : 1462600359,
"version" : 60009,
"subver" : "/PreminePlus:0.7.7/",
"inbound" : false,
"releasetime" : 0,
"startingheight" : 123421,
"banscore" : 0
},
{
"addr" : "84.200.19.79:57196",
"services" : "00000001",
"lastsend" : 1462603134,
"lastrecv" : 1462603134,
"conntime" : 1462600398,
"version" : 60009,
"subver" : "/PreminePlus:0.7.7/",
"inbound" : true,
"releasetime" : 0,
"startingheight" : 113996,
"banscore" : 0
},
{
"addr" : "192.169.7.65:41673",
"services" : "00000001",
"lastsend" : 1462603134,
"lastrecv" : 1462603134,
"conntime" : 1462600613,
"version" : 60009,
"subver" : "/PreminePlus:0.7.7/",
"inbound" : true,
"releasetime" : 0,
"startingheight" : 123421,
"banscore" : 0
},
{
"addr" : "52.33.64.36:43237",
"services" : "00000001",
"lastsend" : 1462602065,
"lastrecv" : 1462603135,
"conntime" : 1462600670,
"version" : 60009,
"subver" : "/PreminePlus:0.7.7/",
"inbound" : true,
"releasetime" : 0,
"startingheight" : 123421,
"banscore" : 0
},
{
"addr" : "83.43.155.231:54274",
"services" : "00000001",
"lastsend" : 1462603134,
"lastrecv" : 1462603134,
"conntime" : 1462600680,
"version" : 60009,
"subver" : "/PreminePlus:0.7.7/",
"inbound" : true,
"releasetime" : 0,
"startingheight" : 123265,
"banscore" : 0
},
{
"addr" : "192.169.7.69:55162",
"services" : "00000001",
"lastsend" : 1462603135,
"lastrecv" : 1462602812,
"conntime" : 1462601945,
"version" : 60009,
"subver" : "/PreminePlus:0.7.7/",
"inbound" : true,
"releasetime" : 0,
"startingheight" : 120996,
"banscore" : 0
},
{
"addr" : "92.222.103.234:41369",
"services" : "00000001",
"lastsend" : 1462603134,
"lastrecv" : 1462602876,
"conntime" : 1462602874,
"version" : 60009,
"subver" : "/PreminePlus:0.7.7/",
"inbound" : true,
"releasetime" : 0,
"startingheight" : 119695,
"banscore" : 0
},
{
"addr" : "218.1.18.78:62692",
"services" : "00000001",
"lastsend" : 1462603155,
"lastrecv" : 1462603156,
"conntime" : 1462603155,
"version" : 60009,
"subver" : "/PreminePlus:0.7.7/",
"inbound" : true,
"releasetime" : 0,
"startingheight" : 123422,
"banscore" : 0
}

[danel]

Definitely give it a try. In case there is new dev we can always hard fork and swap all users except of Nullu (if he doesn't pop up) and then have some bounty available for the new dev from the remaining new coins. So technically we can offer some bounty, the amount may be subject to public discussion. The problem is to find someone.

I'd like to cordially invite you all to consider a "reverse-merger" into 2GIVE

https://bitcointalk.org/index.php?topic=741714.0

The whitepaper/value proposition is here:

http://bit.ly/2GiveCoin

With daily updates posted on FB:

https://www.facebook.com/projectgivecoin/

A "reverse merger" would essentially mean establishing a valuation and then asking an exchange to facilitate a coin-swap from PMP:2GIVE

We are planning something similar for a couple of other thinly supported ALTS.

If anything, we'd welcome the additional help with our "air drop" that is going on right now.

Thanks for your time and consideration.

-dvd

I like the idea, but it would be difficult to do a valuation of the coin as its not being traded in any exchanges now.
Could you tell us some rough figures you have in mind for the reverse merger?

I like the idea too, but PMP might be a little more valuable than 1:1.

I definitely agree on this, should be worth  a lot more. I'd rather keep my coins in my wallet and wait for another PMP miracle. 

[TheLittleDuke]

Okay now that I have a wallet on one of our seed nodes that is ostensibly all caught up...

Who's willing to send me some small amount to see if sends are working?

Your choice on if you want them back or if you want 2GIVE in exchange...

coind@seed:~$ ./PreminePlusd getaccountaddress ""

P9HssdPzRhxBERg2JxB668JgbRrbBJ64PG

-dvd

I just sent you one PMP, use it wisely

I see that!

But now here is the 1131644.97643700 question....what's it going to take to get it confirmed so that I can return it if you want?

ALSO, If you PM me a 2GIVE address I'll send you some in return for helping me test this.

Code:

coind@seed:~$ ./PreminePlusd listtransactions
[
    {
        "account" : "",
        "address" : "P9HssdPzRhxBERg2JxB668JgbRrbBJ64PG",
        "category" : "receive",
        "amount" : 1.00000000,
        "confirmations" : 0,
        "txid" : "6b5c173453f5618f6ce54cba0d5ed824b783ddd2c3df9b19477341bae5dbae1c",
        "time" : 1462603121,
        "timereceived" : 1462603121
    }
]
coind@seed:~$ ./PreminePlusd getgenerate
true

[TheLittleDuke]

I like the idea, but it would be difficult to do a valuation of the coin as its not being traded in any exchanges now.
Could you tell us some rough figures you have in mind for the reverse merger?

I like the idea too, but PMP might be a little more valuable than 1:1.

"The Worth of a Thing is the Price it Will Bring"

I'm totally willing to wait and see -- but PMP isn't tradable anywhere -- and as far as I can tell the chain and engine itself is broken and needs some significant time and energy to fix it.  There's too much friction in the chain to make it useful IMHO, which is why I designed 2GIVE as a true hybrid POW/POS model.

What possible compensation could/would this community offer a developer for their time and effort?

The last market cap I saw for PMP put the whole base at around $2,500, no??

I could see burning up 20-30 hours tuning PMP up (and in fact I've dropped 3-4 so far in addition to putting two wallets online in the cloud) at $150/hr that would be worth more than tokens themselves.

Don't get me wrong, I completely understand your sentiment around wanting to believe they are worth more :-)

Right now our two linux wallets and our windows wallet show:

    "blocks" : 123422,

Tell ya what when I can see that coins can actually get transferred and confirm (thanks jalmari for the 1 PMP to our PHrG5LGWvS6f4nKfjRbVQELvGpKR8vsrRJ address) -- I'll consider enhancing the offer.

If that can happen in the next few hours I'll bump the pre-Bittrex swap valuation to 1:10  (PMP:2GIVE) as a reward for joining the 2GIVE ecosphere early.

If jalmari's generous send cannot confirm in that amount of time, the 1:1 offer will stand once those coins have actually confirmed. 

Anyone who wants to participate should PM me with their Give* address so that I can create an individual PMP address to track the send and confirmations.

We'll run the PMP wallets for a week after Bittrex opens -- to prove that we have a viable means of exchange.  If no one here want's to do the swap, then we'll shut the infrastructure down and focus on bringing another coin into the fold.

Thank you very much for your time, help getting our wallets online, and consideration of our exchange offer.

Sincerely,

David V Duccini
Executive Director
Strength In Numbers Foundation
A non-profit digital trust

[jalmari]

What could be the reason that the transaction is not confirmed i.e. why is there no new blocks in the chain?

I mined one block some hours ago, and it has only one confirmation.

@TheLittleDuke, I dont need the coin back, you can use it for testing once it gets confirmed.

[yogibaer]

What could be the reason that the transaction is not confirmed i.e. why is there no new blocks in the chain?

I mined one block some hours ago, and it has only one confirmation.

@TheLittleDuke, I dont need the coin back, you can use it for testing once it gets confirmed.

The reason is that not all wallets with coins are open. For example i have 5 or 6 amounts on a block in ma wallet. every few days when i switch on those amounts stake and create a block other stakes are confirmed, now I have to wait for 60 confirmations to get my coins free to stake again. That's why it is so slow ....

[TheLittleDuke]

What could be the reason that the transaction is not confirmed i.e. why is there no new blocks in the chain?

I mined one block some hours ago, and it has only one confirmation.

@TheLittleDuke, I dont need the coin back, you can use it for testing once it gets confirmed.

The reason is that not all wallets with coins are open. For example i have 5 or 6 amounts on a block in ma wallet. every few days when i switch on those amounts stake and create a block other stakes are confirmed, now I have to wait for 60 confirmations to get my coins free to stake again. That's why it is so slow ....

Wow that is REALLY UNSATISFYING -- talk about a lot of Friction.

Straight up, what do you think this chain is good for / at?  

What is it's competitive advantage?

Because if holding the coins and hoping for a miracle exchange is all you got I might take the loss.

OR

If you REALLY cared about the care and feeding of this chain, you'd do something similar to what we're doing in the "airdrop" in 2GIVE -- that is specifically seeding the network by dropping coins every 1/2 hour for the first month which become eligible for staking in 30 days.

If you want to power up PMP, what I would do is spin up a bunch of cloud wallets on AWS or CrownCloud et al -- and then STRATEGICALLY send coins to those wallets at some regular interval so that they could keep the chain fed with regular transactions in the future.

Hoping for others to download the software and then beg for coins is not going to make it happen -- and unless you have a marketing plan, no exchange is going to host it for long -- especially if the chain is as flakey as it appears to be.

Just my .02

-dvd

[MadCow]

I like the idea, but it would be difficult to do a valuation of the coin as its not being traded in any exchanges now.
Could you tell us some rough figures you have in mind for the reverse merger?

I like the idea too, but PMP might be a little more valuable than 1:1.

"The Worth of a Thing is the Price it Will Bring"

I'm totally willing to wait and see -- but PMP isn't tradable anywhere -- and as far as I can tell the chain and engine itself is broken and needs some significant time and energy to fix it.  There's too much friction in the chain to make it useful IMHO, which is why I designed 2GIVE as a true hybrid POW/POS model.

What possible compensation could/would this community offer a developer for their time and effort?

The last market cap I saw for PMP put the whole base at around $2,500, no??

I could see burning up 20-30 hours tuning PMP up (and in fact I've dropped 3-4 so far in addition to putting two wallets online in the cloud) at $150/hr that would be worth more than tokens themselves.

Don't get me wrong, I completely understand your sentiment around wanting to believe they are worth more :-)

Right now our two linux wallets and our windows wallet show:

    "blocks" : 123422,

Tell ya what when I can see that coins can actually get transferred and confirm (thanks jalmari for the 1 PMP to our PHrG5LGWvS6f4nKfjRbVQELvGpKR8vsrRJ address) -- I'll consider enhancing the offer.

If that can happen in the next few hours I'll bump the pre-Bittrex swap valuation to 1:10  (PMP:2GIVE) as a reward for joining the 2GIVE ecosphere early.

If jalmari's generous send cannot confirm in that amount of time, the 1:1 offer will stand once those coins have actually confirmed. 

Anyone who wants to participate should PM me with their Give* address so that I can create an individual PMP address to track the send and confirmations.

We'll run the PMP wallets for a week after Bittrex opens -- to prove that we have a viable means of exchange.  If no one here want's to do the swap, then we'll shut the infrastructure down and focus on bringing another coin into the fold.

Thank you very much for your time, help getting our wallets online, and consideration of our exchange offer.

Sincerely,

David V Duccini
Executive Director
Strength In Numbers Foundation
A non-profit digital trust

Thanks for that reply! I think 1:10 is generous, and should be sufficient to get most PMP hodlers to move over to 2GIVE, so thanks for putting that offer on the table. It's very difficult to 'value' a coin like PMP - at one time things looked extremely promising, but then some key personnel left ... and here we are, waiting for 'people' to return, which at this stage looks unlikely. I have the feeling there are a few people still following PMP after more than two years, so that's probably the 'value' 2GIVE gets from any swap - some rusted on crypto enthusiasts with +2 years of experience in the cryptospere. I'm in for the swap to 2GIVE!

I'll send you my 2GIVE address, and if you send me your PMP address I'll try and send you a coin to test the PMP chain. I'm still staking with no problems, but I honestly haven't sent a PMP in ages.

thanks

[skunk]

I like the idea, but it would be difficult to do a valuation of the coin as its not being traded in any exchanges now.
Could you tell us some rough figures you have in mind for the reverse merger?

I like the idea too, but PMP might be a little more valuable than 1:1.

"The Worth of a Thing is the Price it Will Bring"

I'm totally willing to wait and see -- but PMP isn't tradable anywhere -- and as far as I can tell the chain and engine itself is broken and needs some significant time and energy to fix it.  There's too much friction in the chain to make it useful IMHO, which is why I designed 2GIVE as a true hybrid POW/POS model.

What possible compensation could/would this community offer a developer for their time and effort?

The last market cap I saw for PMP put the whole base at around $2,500, no??

I could see burning up 20-30 hours tuning PMP up (and in fact I've dropped 3-4 so far in addition to putting two wallets online in the cloud) at $150/hr that would be worth more than tokens themselves.

Don't get me wrong, I completely understand your sentiment around wanting to believe they are worth more :-)

Right now our two linux wallets and our windows wallet show:

    "blocks" : 123422,

Tell ya what when I can see that coins can actually get transferred and confirm (thanks jalmari for the 1 PMP to our PHrG5LGWvS6f4nKfjRbVQELvGpKR8vsrRJ address) -- I'll consider enhancing the offer.

If that can happen in the next few hours I'll bump the pre-Bittrex swap valuation to 1:10  (PMP:2GIVE) as a reward for joining the 2GIVE ecosphere early.

If jalmari's generous send cannot confirm in that amount of time, the 1:1 offer will stand once those coins have actually confirmed. 

Anyone who wants to participate should PM me with their Give* address so that I can create an individual PMP address to track the send and confirmations.

We'll run the PMP wallets for a week after Bittrex opens -- to prove that we have a viable means of exchange.  If no one here want's to do the swap, then we'll shut the infrastructure down and focus on bringing another coin into the fold.

Thank you very much for your time, help getting our wallets online, and consideration of our exchange offer.

Sincerely,

David V Duccini
Executive Director
Strength In Numbers Foundation
A non-profit digital trust

Thanks for that reply! I think 1:10 is generous, and should be sufficient to get most PMP hodlers to move over to 2GIVE, so thanks for putting that offer on the table. It's very difficult to 'value' a coin like PMP - at one time things looked extremely promising, but then some key personnel left ... and here we are, waiting for 'people' to return, which at this stage looks unlikely. I have the feeling there are a few people still following PMP after more than two years, so that's probably the 'value' 2GIVE gets from any swap - some rusted on crypto enthusiasts with +2 years of experience in the cryptospere. I'm in for the swap to 2GIVE!

I'll send you my 2GIVE address, and if you send me your PMP address I'll try and send you a coin to test the PMP chain. I'm still staking with no problems, but I honestly haven't sent a PMP in ages.

thanks

+1 unfortunately my pmp's are locked for staking with only 10 confirmations so it'll take a while until i'm able to send them anywhere...

[uki]

What could be the reason that the transaction is not confirmed i.e. why is there no new blocks in the chain?

I mined one block some hours ago, and it has only one confirmation.

@TheLittleDuke, I dont need the coin back, you can use it for testing once it gets confirmed.

The reason is that not all wallets with coins are open. For example i have 5 or 6 amounts on a block in ma wallet. every few days when i switch on those amounts stake and create a block other stakes are confirmed, now I have to wait for 60 confirmations to get my coins free to stake again. That's why it is so slow ....

Wow that is REALLY UNSATISFYING -- talk about a lot of Friction.

Straight up, what do you think this chain is good for / at?  

What is it's competitive advantage?

Because if holding the coins and hoping for a miracle exchange is all you got I might take the loss.

OR

If you REALLY cared about the care and feeding of this chain, you'd do something similar to what we're doing in the "airdrop" in 2GIVE -- that is specifically seeding the network by dropping coins every 1/2 hour for the first month which become eligible for staking in 30 days.

If you want to power up PMP, what I would do is spin up a bunch of cloud wallets on AWS or CrownCloud et al -- and then STRATEGICALLY send coins to those wallets at some regular interval so that they could keep the chain fed with regular transactions in the future.

Hoping for others to download the software and then beg for coins is not going to make it happen -- and unless you have a marketing plan, no exchange is going to host it for long -- especially if the chain is as flakey as it appears to be.

Just my .02

-dvd

Hi Duke,
thanks for bumping the thread a little. I see that you guys did some movement, when I was away from PC.  I am traveling by the end of the week, and only when I come back I will be able to turn on my wallet to move the blockchain a little bit. I was doing that (together with someone else) for most of the last year or so. Splitting your coins in many parts has a clear advantage: it is easier to get the required 50 confirmations to be able to stake again and thus move the blockchain forward. Currently we are in the situation where we literally had 2-3 people regularly opening their wallets and that was sometimes not enough to get to 50 confirmations.

as for the valuation. PMP was thought to be a low coinage coin, with the total of 400-500k coins being currently in circulation. 640k coins that has not yet been distributed sit in the team wallet, to which Nullu has the keys. As Nullu is not active anymore and we know the address of that wallet, it is as easy as to exclude these coins in the swap process, if it takes place. You mentioned that 2GIVE has 1000 fold more coins, thus I would see 1:1 conversion as definitely too harsh. PMP may not be tradeable at any exchange at the moment, but swapping PMP you are also buying a user base that in its peak moment had about 1200 addresses - we had identified about that many unique users to which the coins were distributed. That is an asset too, that should be taken into account when looking for the swap rate. In my opinion a fair value would be somewhere around 1:20 - 1:25 (2GIVE for 1 PMP, respectively).
Just my 2PMPs for what is worth.

[TheLittleDuke]

Hi Duke,
thanks for bumping the thread a little. I see that you guys did some movement, when I was away from PC.  I am traveling by the end of the week, and only when I come back I will be able to turn on my wallet to move the blockchain a little bit. I was doing that (together with someone else) for most of the last year or so. Splitting your coins in many parts has a clear advantage: it is easier to get the required 50 confirmations to be able to stake again and thus move the blockchain forward. Currently we are in the situation where we literally had 2-3 people regularly opening their wallets and that was sometimes not enough to get to 50 confirmations.

as for the valuation. PMP was thought to be a low coinage coin, with the total of 400-500k coins being currently in circulation. 640k coins that has not yet been distributed sit in the team wallet, to which Nullu has the keys. As Nullu is not active anymore and we know the address of that wallet, it is as easy as to exclude these coins in the swap process, if it takes place. You mentioned that 2GIVE has 1000 fold more coins, thus I would see 1:1 conversion as definitely too harsh. PMP may not be tradeable at any exchange at the moment, but swapping PMP you are also buying a user base that in its peak moment had about 1200 addresses - we had identified about that many unique users to which the coins were distributed. That is an asset too, that should be taken into account when looking for the swap rate. In my opinion a fair value would be somewhere around 1:20 - 1:25 (2GIVE for 1 PMP, respectively).
Just my 2PMPs for what is worth.

Hello Uki,

Happy to help with the bump.  This chain exemplifies the "greedy POS miner" problem -- where wallets are offline and people only fire them up to stake and then shut them down.  The good news is that as we collect more PMP:2GIVE swaps our vault wallets are online and MAY be able to lend some support?

Whatever the "velocity" of of PMP is -- and I hesitate to use that word since there is nearly ZERO in terms of being able to effectively move coins -- even if you want to think of this as an "asset" -- it's HIGHLY ILLIQUID -- even trying to move the tokens among willing partners.

Total addresses don't really matter - GIVE 1.0 had over 7,000 (mainly due to miners popping new addresses frequently and there are a TON of unspent coins in that legacy base.  2GIVE already has +60 addresses with balances and the network shows 130 unique IP's in the peerlist.

I'm not one for using the word "FAIR" -- it's too loaded for my use cases -- I tend to focus on the word "equitable" -- and I think based on the value I can bring in 2GIVE, namely a faster confirming chain thanks to its POW+POS support, an updated and actively developed wallet with a roadmap and the biggest bonus of all -- an exchange -- and not just any, but Bittrex.  Therefore I estimated the valuation to be 1:10 PMP:2GIVE pre-launch -- we can certainly revisit that later.   

And yes, I know I'm buying "mindshare" -- the reality is anyone can download the 2GIVE wallet today and turn on mining to compete for the 1% TXFEE block rewards -- currently kicking one out every 30 minutes to seed the future POS de minimus  block cadence.  Plus I expect that given the fact that Bittrex will NOT be staking, people will likely pull their coins out en masse generating more rewards in order to earn the 5% per annum.  So you are cordially invited to do so and likely earn more that way and can still hold onto PMP waiting for the miracle :-)

Look at this way:  Right now I show 55 wallets online connected to our seed nodes whereas my PMP wallet shows 5 - one of which is the other seed node -- so that's 4.  Technically my network is more than 10X bigger already and we haven't even launched yet ;-)

The good news is that Strength in Numbers Foundation is now a shareholder of PMP -- and our stake is growing with each exchange.  That current offer stands at 1:10 -- unless there is something big in the works with PMP that you all are keeping under wraps I highly doubt that offer will improve -- especially after we get some run time with Bittrex (and another exchange in Australia) that is coming online.

I do appreciate the audience here and the respectful dialogue!

Think it over -- if you want swap some or all of your coins, PM with your new Give* address and I'll setup a PMP addy for us to track the swap.

Cheers!

-dvd

[*Sakura*]

What could be the reason that the transaction is not confirmed i.e. why is there no new blocks in the chain?

I mined one block some hours ago, and it has only one confirmation.

@TheLittleDuke, I dont need the coin back, you can use it for testing once it gets confirmed.

The reason is that not all wallets with coins are open. For example i have 5 or 6 amounts on a block in ma wallet. every few days when i switch on those amounts stake and create a block other stakes are confirmed, now I have to wait for 60 confirmations to get my coins free to stake again. That's why it is so slow ....

Wow that is REALLY UNSATISFYING -- talk about a lot of Friction.

Straight up, what do you think this chain is good for / at?  

What is it's competitive advantage?

Because if holding the coins and hoping for a miracle exchange is all you got I might take the loss.

OR

If you REALLY cared about the care and feeding of this chain, you'd do something similar to what we're doing in the "airdrop" in 2GIVE -- that is specifically seeding the network by dropping coins every 1/2 hour for the first month which become eligible for staking in 30 days.

If you want to power up PMP, what I would do is spin up a bunch of cloud wallets on AWS or CrownCloud et al -- and then STRATEGICALLY send coins to those wallets at some regular interval so that they could keep the chain fed with regular transactions in the future.

Hoping for others to download the software and then beg for coins is not going to make it happen -- and unless you have a marketing plan, no exchange is going to host it for long -- especially if the chain is as flakey as it appears to be.

Just my .02

-dvd

Hi Duke,
thanks for bumping the thread a little. I see that you guys did some movement, when I was away from PC.  I am traveling by the end of the week, and only when I come back I will be able to turn on my wallet to move the blockchain a little bit. I was doing that (together with someone else) for most of the last year or so. Splitting your coins in many parts has a clear advantage: it is easier to get the required 50 confirmations to be able to stake again and thus move the blockchain forward. Currently we are in the situation where we literally had 2-3 people regularly opening their wallets and that was sometimes not enough to get to 50 confirmations.

as for the valuation. PMP was thought to be a low coinage coin, with the total of 400-500k coins being currently in circulation. 640k coins that has not yet been distributed sit in the team wallet, to which Nullu has the keys. As Nullu is not active anymore and we know the address of that wallet, it is as easy as to exclude these coins in the swap process, if it takes place. You mentioned that 2GIVE has 1000 fold more coins, thus I would see 1:1 conversion as definitely too harsh. PMP may not be tradeable at any exchange at the moment, but swapping PMP you are also buying a user base that in its peak moment had about 1200 addresses - we had identified about that many unique users to which the coins were distributed. That is an asset too, that should be taken into account when looking for the swap rate. In my opinion a fair value would be somewhere around 1:20 - 1:25 (2GIVE for 1 PMP, respectively).
Just my 2PMPs for what is worth.

I do not think that we will be able to collect even half of all distributed PMP coins for this swap. Because the majority of wallets did not participated in the POS for a very long time.
So yes, 1:20 looks very reasonable.

[TheLittleDuke]

I do not think that we will be able to collect even half of all distributed PMP coins for this swap. Because the majority of wallets did not participated in the POS for a very long time.
So yes, 1:20 looks very reasonable.

Would you rather have a slice of the watermelon or the whole grape?

I think 2GIVE has some significant competitive advantages that are yet unrealized -- chief among them?  This:



The swap of Givecoin 1.0 (GIVE) to 2.0 (2GIVE) is underway!

[uki]

I do not think that we will be able to collect even half of all distributed PMP coins for this swap. Because the majority of wallets did not participated in the POS for a very long time.
So yes, 1:20 looks very reasonable.

Would you rather have a slice of the watermelon or the whole grape?

I think 2GIVE has some significant competitive advantages that are yet unrealized -- chief among them?  This:



The swap of Givecoin 1.0 (GIVE) to 2.0 (2GIVE) is underway!

Being listed on Bittrex is not everything. There were many bad-quality coins listed there that didn't provide much on the development side.
I am not saying that about 2GIVE, to be clear about it. Don't understand me wrong, but I would rather talk about the technical plans/developments rather than talk about Bittrex as the main argument for the valuation rate.

PMP did not apply to Bittrex (and any other exchange) due to the simple fact: we deliberately decided not to apply to any exchange before we have something to offer, some product ready.  In the meantime PMP has been ninja-listed on comkort and lost the main dev twice.