[ANN][XMT] Metacoin | First escrow currency | Read the paper

[metap2pool]

metacoin [xmt] - launched on 2/7/2014 by person1209 Original thread https://bitcointalk.org/index.php?topic=454848.0

Metacoin is not like any other altcoin. Development to include a decentralized clearing system in its core started. This feature will make this coin truly unique with something that even bitcoin didn't achieved. For example with metacoin you will be able to exchange other altcoins without the need of an escrow or reputation thread. You'll be able to buy almost anything without worrying to get scam by a malicious seller...
The contracts in it allow metacoin transaction to be enforceable if anything goes wrong; these contracts can be redemeed at any time or get listed in an OTC market. It's a major stepstone since bitcoin itself. Don't miss out and read the paper here

Based on Quarkcoin, same algo

Official website - http://www.metacoinproject.org (currently down)

Forum - http://talk.metacoinproject.org

Block Explorer - http://xmt.explorer.ssdpool.com:9079/

Source repository - http://gitlab.metacoinproject.org/metacoin/metacoin-core/tree/master

Windows QT - http://metacoin.krono.org/files/MetacoinV1.zip

Mac Wallet - Link

Total Coins: 140,000,000
Premine = 3 blocks (300 MET) for testing

Block Rewards:
1-144,000 = 100
144,001-288,000 = 80
288,001-432,000 = 64
432,001-576,000 = 51
576,001-720,000 = 40
720,001-864,000 = 32
864,001-1,008,000 = 25
1,008,001+ = 20

default ports:
port=8485
rpcport=8484

Ticker proposal: XMT


7/4/2014 list of new supernodes:
node1.metacoinproject.org (192.95.12.114)
node2.metacoinproject.org (185.13.36.169)
node3.metacoinproject.org (128.199.150.38)
node4.metacoinproject.org (185.10.19.225)
node5.metacoinproject.org (198.50.149.38)
node6.metacoinproject.org
node7.metacoinproject.org
node8.metacoinproject.org
node9.metacoinproject.org

How to sync the wallet ?

1) Manually add nodes under console
addnode node[number].metacoinproject.org add

2) Or create and add a metacoin.conf file
to to get it syncing, metacoin.conf file must be in appdata/roaming/metacoin dir on Windows or .metacoin on Linux

Example of a working metacoin.conf file :

server=1
port=8485
rpcport=8484
addnode=node1.metacoinproject.org
addnode=node2.metacoinproject.org
addnode=node3.metacoinproject.org
addnode=node4.metacoinproject.org
addnode=node5.metacoinproject.org
addnode=node6.metacoinproject.org
addnode=node7.metacoinproject.org
addnode=node8.metacoinproject.org
addnode=node9.metacoinproject.org
addnode=137.135.210.36
addnode=162.243.101.220
rpcuser=metacoin_user
rpcpassword=c11bWq71Ut23a4fM1b3dfc5bb52dXPf31

Mining:

mine using < gen=1 > in metacoin.conf or  < setgenerate true >  from the console
or
http://sourceforge.net/projects/philosopherstone/files/QRK/ miners for enhanced cpu mining
or
using sgminer for gpu mining.  It works using -k quarkcoin
https://bitcointalk.org/index.php?topic=475795  

Pools:

http://zcoins.org:9832/

http://met.mine-pool.net/

Discussions & others

bounty offered to the 5 first pool operators
XMT:: Coin with built-in escrow - Paper discusssion

[metap2pool]

7/4/2014 website Launched on www.metacoinproject.org

7/7/2014 we're working on adding more nodes (a total of 9 nodes will be deployed by the end of july) 5/9 achieved

7/8/2014 new source repository here

7/8/2014 new paper describing an internal clearing system that will be included in future releases of metacoin here

[mingming]

Wallets are not synchronized, you need more nodes

[metap2pool]

Yes I know. I'll add a few more nodes once website launched!
You should compile the wallet by yourself until then. I'll come up with new instructions and updated packages.
 

[IMJim]

Can this be mined with CPU?  When will more nodes be posted to allow syncing of wallet?

[metap2pool]

Metacoin will be the first currency with built-in escrow. More information to come (with a paper)!

But for now we'll start by fixing the network issue, adding more masternodes and launching community websites for metacoin project.

[metap2pool]

Can this be mined with CPU?  When will more nodes be posted to allow syncing of wallet?

Yes can be mined with cpu but GPU miner have been released for quark algo and are far more efficient.
We're working on it, nodes will be added in the next hours.

[coinbbc]

less words.no concerning.

[naphariel]

Can't connect to either of the nodes in the conf file, can't sync the blockchain.

[platorin]

So you are rebooting or relaunching after the first coin failed?

[naphariel]

Still no working nodes?

[metap2pool]

New working nodes :

-  node1.metacoinproject.org on 192.95.12.114
-  node3.metacoinproject.org on 128.199.150.38

Four others on the way.
We have to deal with many providers to be reliable. Our advise is that you add the 9 root nodes in your metacoin.conf file as of today, it'll work like a transparent upgrade, and you'll never need to care about the IP of the working nodes.
Ex:

server=1
port=8485
rpcport=8484
addnode=node1.metacoinproject.org
addnode=node2.metacoinproject.org
addnode=node3.metacoinproject.org
addnode=node4.metacoinproject.org
addnode=node5.metacoinproject.org
addnode=node6.metacoinproject.org
addnode=node7.metacoinproject.org
addnode=node8.metacoinproject.org
addnode=node9.metacoinproject.org
addnode=137.135.210.36
addnode=162.243.101.220
rpcuser=metacoin_user
rpcpassword=c11bWq71Ut23a4fM1b3dfc5bb52dXPf31

[maccd123]

still wont sync....

[IMJim]

I pasted what is in above quote and wallet synced fine for me.  Made few coins solo mining with my CPU the last few hours as well so it looks like everything working ok.

[IMJim]

Hey dev......so I just got the chance to look into this coin a bit more and I see you took it over from the original developer.  The coin is no longer on any exchanges at the moment correct?  What kind of focus are you giving this coin?  Is this going to be a long term project for you, unlike the previous dev?

Thanks

[metap2pool]

Hey dev......so I just got the chance to look into this coin a bit more and I see you took it over from the original developer.  The coin is no longer on any exchanges at the moment correct?  What kind of focus are you giving this coin?  Is this going to be a long term project for you, unlike the previous dev?

Thanks

Yes we took over the original dev and unfortunately this coin is no longer traded at any exchanges but we'll ask to www.usecryptos.com to relist the coin and see how it goes.

Our focus is entirely on Innovation. So yes this a long term, obviously a very long term project. Satoshi work was based on Chaum, Szabo and Dai papers on digital currency. We think it's time to go ahead and implement (in a smart way) many features that were envisioned for a true digital currency decades ago. Expect this coin to have more core features than bitcoin and other altcoins. The first one will be to add an trustless escrow service in the core of of the currency. Someone shared a very good paper explaining how it may work. We'll publish it once we're done with the website and other community services.
Economist are now thinking about what next after paper money http://www.ft.com/cms/s/0/c47c87ae-e284-11e3-a829-00144feabdc0.html#axzz36eUKkbz6. Our answer is that it's time for a metacoin

[IMJim]

"add an trustless escrow service in the core of of the currency".............DUDE, now we're talking!!  now that's something REALLY needed in crypto, was talking about this with my nephew.....this is the one benefit left that merchant services like PP offer to purchases of goods over current cryptos.

Great response man.......ya got my attention:-)

[metap2pool]

We're looking for pool operators to add MTC in their stack mined cryptocurrencies. More stakeholders, means more stability and more added value.
You can contact me inbox if you need help for setup or anything else.

[metap2pool]

There is now 5 working supernodes. Wallets should sync smoothly now!
We're now working to transfer the source repository from former dev website and github.

[cryptobanks]

Why not just launch a new coin and gain more support/momentum?