[ANN] [KEY] KeyCoin | Fair Launch | Daily Updates | 8/9 Status Update

[darkproton]

This price seems like a good entree point. Any predictions where this will be in 1-2 months? And don't say "the moon!" lol That saying is so over used.

I think it could take monero's spot in market cap.  Right now monero is worth double, but it has 2.5x the total coins that keycoin has.  There are also some huge hurdles for monero to get past, like the blockchain taking up gigs of RAM while it's running and no functional GUI.  So basically KEY can definitely reach >$4 each before it seems reasonably priced.

I agree with this. Key's limited coin supply ~910,000 and active development makes this truly a gem in the rough. I could easily see a minimum of $4 a coin which would put it @ .0067 sats. So yes, I'm still buying at this price which I consider to be a steep discount to where it will eventually be.

[damiano]

I'd like a multipool for this,

[Petr1fied]

I'd like a multipool for this,

You can't mine it anymore. It's Proof Of Stake only.

[darkproton]

I'd like a multipool for this,

You can't mine it anymore. It's Proof Of Stake only.

yes, but with a multipool, one may mine other coins and those others automatically get sold and the btc is used to buy key.

[Petr1fied]

I'd like a multipool for this,

You can't mine it anymore. It's Proof Of Stake only.

yes, but with a multipool, one may mine other coins and those others automatically get sold and the btc is used to buy key.

It still comes down to the same thing, they need to buy KEY in the first instance in order to create new coins by way of Proof Of Stake.

[darkproton]

I'd like a multipool for this,

You can't mine it anymore. It's Proof Of Stake only.

yes, but with a multipool, one may mine other coins and those others automatically get sold and the btc is used to buy key.

It still comes down to the same thing, they need to buy KEY in the first instance in order to create new coins by way of Proof Of Stake.

True. Fair enough.

[tylerderden]

Just discovered KeyCoin, looks very interesting! Judging from the price, looks like I waited too long to buy in.

Only you can make a decision for yourself on whether or not to invest but if you were to compare KEY to CLOAK (which is currently at a similar price) there are ~5 times fewer coins in KEY. I'm sure you can do the math on potential future prices yourself.

Are there any MultiPools available or planned?

You can't mine KEY anymore, it's completely Proof Of Stake and you can only generate new coins by staking them in your own wallet.

yeah accept cloak is actually annonymous, not some half assed mixer bullshit

[RichardT]

yeah accept cloak is actually annonymous, not some half assed mixer bullshit

Oh boy, here we go again. For those newcomers who are wondering if/when they should buy, here are a few simple steps.

1. Wait for Fudders like these to join the discussion
2. Watch an exchange for weak hands selling their coins cheap
3. Buy in at a lower price
4. Repeat upon next FUD event

Disclaimer: similar FUDs have been done in the past, so no guarantee there will be a price decrease this time or any subsequent times.

Edit: the key point here is to buy up those cheap coins before the Fudder does.

[WheresMyWallet]

yeah accept cloak is actually annonymous, not some half assed mixer bullshit

Oh boy, here we go again. For those newcomers who are wondering if/when they should buy, here are a few simple steps.

1. Wait for Fudders like these to join the discussion
2. Watch an exchange for weak hands selling their coins cheap
3. Buy in at a lower price
4. Repeat upon next FUD event

Disclaimer: similar FUDs have been done in the past, so no guarantee there will be a price decrease this time or any subsequent times.

Edit: the key point here is to buy up those cheap coins before the Fudder does.

Yep let me just yawn a couple more times and then teabag the new FUDder, they all know the dance by now.
Probably just pissed off that it is trading above cloak.

[CrimsonPermanentAssurance]

We just made absolutely huge progress on our decentralized anon solution, what started as a theory has now become fact.

Thanks for the super-steady flow of updates. You guys are more regular than a Rolex.

[vectisitch]

or as regular as a diahrea sufferer on prunes

[so142001]

I created a support request on Mintpal to add the coin to their market.

[pbremen01]

Is something wrong with the keycoin blockchain and/or client?

Blockchain explorer shows that almost all of the last several hundreds of blocks contain only one transaction (+coinbase).

This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.

For example:
http://chainz.cryptoid.info/key/block.dws?842d980886f3f5b8e3970c85a96b6e81b54f5a01fb651e6fff0240d746502ce7.htm
http://chainz.cryptoid.info/key/block.dws?3ff0b5154b19f9d5faf59b02a01867d41cd25f1ddad594be951d05e6124c91c5.htm
http://chainz.cryptoid.info/key/block.dws?782451ad953750ce01a46bf42f14416dc1d0af87b27c11127461127f0f3a8339.htm
http://chainz.cryptoid.info/key/block.dws?5581a40cc9c46a03aef95808f218b3c4b2bf1b98d2597e9e0a9b7663c672619b.htm
http://chainz.cryptoid.info/key/block.dws?e9b3a01ca4ce2f9134ea72420b9bcfee8ed9cd8b07aaadcf10de896e65eb71a0.htm


http://chainz.cryptoid.info/key/block.dws?ba8c95a47718ea01ed2c24ac84aa85aa46c2a9540c6cc2c2846f4ba8ede7c156.htm
(this block contains one "normal" transaction)

http://chainz.cryptoid.info/key/block.dws?0dcfd506ce5e55a86e845a97e113297a3eefcbf0cf6f44045238008008631e6c.htm
http://chainz.cryptoid.info/key/block.dws?090ee69239f067ed53f5e1474f4de7437090c082048d00b2baea8024579aa82a.htm

etc. You can also check older blocks. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).

Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.

It seems that this is not just glitch in blockchain explorer because keycoin client returns the same transactions for each block (getblock API command).

[Triffin]

The overall number of transactions is also very small

That's going to be a problem with all the 'anon' coins ..
The more ( simultaneous ) transactions on the network the
better the mixing procedures will work ..
TiPS had a functional 'mixer' back in FEB but no one uses the coin ..

Triff ..

[pbremen01]

The overall number of transactions is also very small

That's going to be a problem with all the 'anon' coins ..
The more ( simultaneous ) transactions on the network the
better the mixing procedures will work ..
TiPS had a functional 'mixer' back in FEB but no one uses the coin ..

Triff ..

I agree completely. Small number of transactions can be detrimental to the efficiency of mixers in all coins, not just in keycoin.

 

[Bagpipe]

Is something wrong with the keycoin blockchain and/or client?
...the number of normal transactions is very small. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).

Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.

U DON'T SAY SO?
What did you expect from such a premine, where majority of the coins were mined by special interest groups?
Their business model is simple, it is called a "market corner", you control or buy up the majority of the coins and then you candrive the price high to the sky and sell your coins to the greedy buyers for a hefty profit.

The price then plummets, you buy in and repeat the process.

And koolio, moosa and the rest are no strangers to this, they are in it for the profit to be made, hired a new face (prometheus) to do the positive PR for them, so they can steadily release good looking positive news (irregardless of real progress, that is never relevant, many good projects burned and bad flourished, it is all in the PR) to keep the hopes up to prevent any sell-offs and of course to make people buy and drive the price up.

We all can remember how they bumface screwed it up with the ULTRA, bumface sold them (the small group of early premine buyers) the coins for 50 BTC and they sold it for 500 BTC in all that hype they were making. But bumface to this day believes he can make a coin survive solely on deleting bad posts and keeping the hopes up on empty promises. As soon as it burned, of course koolio and the rest behaved as if they never supported it. But hey, you can't blame them! They forgot about all the other coins they ever supported!

But thank you for informing us where the coins are and how useful the anonymisation really is. ;-)

[smille]

Oh well hello, and welcome new FUDer! Make yourself comfortable, you'll probably be around for a while if you're trying to take down this coin.

[TheNewsHasCome]

Oh well hello, and welcome new FUDer! Make yourself comfortable, you'll probably be around for a while if you're trying to take down this coin.

lol. Exactly. But I'll take some more cheap coins.

[Petr1fied]

Blockchain explorer shows that almost all of the last several hundreds of blocks contain only one transaction (+coinbase).

This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.

That's how Proof of Stake works, it returns your original coin + interest + fees (if applicable) split into 2 new transactions at each cycle. 1 transaction becomes 2, becomes 4, becomes 8. etc. etc. etc.

This is what keeps transactions moving in a Proof Of Stake coin.

[pr0m3theus2013]

I will address this heap of bs when I get home. we had nothing to do with ultra, I was not hired to do pr.

Is something wrong with the keycoin blockchain and/or client?
...the number of normal transactions is very small. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).

Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.

U DON'T SAY SO?
What did you expect from such a premine, where majority of the coins were mined by special interest groups?
Their business model is simple, it is called a "market corner", you control or buy up the majority of the coins and then you candrive the price high to the sky and sell your coins to the greedy buyers for a hefty profit.

The price then plummets, you buy in and repeat the process.

And koolio, moosa and the rest are no strangers to this, they are in it for the profit to be made, hired a new face (prometheus) to do the positive PR for them, so they can steadily release good looking positive news (irregardless of real progress, that is never relevant, many good projects burned and bad flourished, it is all in the PR) to keep the hopes up to prevent any sell-offs and of course to make people buy and drive the price up.

We all can remember how they screwed it up with the ULTRA, bumface sold them (the small group of early premine buyers) the coins for 50 BTC and they sold it for 500 BTC in all that hype they were making. But bumface to this day believes he can make a coin survive solely on deleting bad posts and keeping the hopes up on empty promises. As soon as it burned, of course koolio and the rest behaved as if they never supported it. But hey, you can't blame them! They forgot about all the other coins they ever supported!

But thank you for informing us where the coins are and how useful the anonymisation really is. ;-)