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

[hoshigakiii]

We are a part of future, in my opinion it will blow our minds.
Key is creating future of cryptocurrency, for sure.

[Bagpipe]

We are a part of future, in my opinion it will blow our minds.
Key is creating future of cryptocurrency, for sure.

I hope so, because seeing the people involved, they are always into the hype coins promising to change the future forever. The only thing that worries me is: why do they care more about extreacting BITCOINS from it? Why isn't an option to buy keycoin with USD on every exhange instead? You know, there is not enough bitcoins in the world to cash out all the alts in the world.

Looking at the past archives, pr0m3theus2013 promoted his own pump club for "1 BTC membership", telling people how much they are going to miss out on it. Then it was CINNI that was oh so hot and valuable for him. Then something else and so on. How it is this. What should make me believe that this is his love forever?

But more interesting things were found in the archive, now he is protected by koolio and even threatens people, while koolio covers the tracks of his protectionism.

pr0m3theus2013: yea, the stocks for that will bubble i am pretty excited
8/2/2014, 7:07:12 PM
Coinaction: pr0m3theus2013, are you already rich with your scam coins dark and crypto and what they are called?, lol
Coinaction: I'm the all seeing eye!
allpurposeflower: Whispering Eye
procoin4: Why LTC only 0.013 ? it worth 0.02 btc
Coinaction: I remember everything and you will get revealed

pr0m3theus2013: Coinaction, lol scam coins? I am the lead project manager on KEY if thats what you are asking. It's not scam either, it has the most powerful and non traceable anon as of today
Coinaction: pr0m3theus2013, so then the question is easy! Are you already rich with your scamcoins?
pr0m3theus2013: Coinaction, They are not scam coins. Nice loaded question though, you'd make a great political plant at a town hall meeting or something lol
pr0m3theus2013: Dark isn't anything to do with me either so don't attribute that instamined nightmare on me.
Coinaction: you can hoax the newbies here but not me, lol
pr0m3theus2013: Coinaction, you're just an ignorant fool man, I came here ant talked about key when it was 4k satoshi
pr0m3theus2013: It hit a high of 360, and it's currently trading at 230..
pr0m3theus2013: You've got the boat missers blues.

kartik5000: pr0m3theus2013 coinaction is clearly trolling
Coinaction: pr0m3theus2013, yeah you talked about key when 4K satoshi, now 230. What does it mean? You pushed the price again by talking and manipulating, hahahahahaha
pr0m3theus2013: kartik5000, He's a feg lol
Coinaction: I'm just kidding! Nevertheless you are a scammer, lol
pr0m3theus2013: Coinaction, You do realize that everything you say is actually defamatory right?
pr0m3theus2013: Coinaction, You will be dealt with.

caliente: what's the new p n d guise?

Coinaction: Relax, man.Live with the truth. You will still earn money with newbies
pr0m3theus2013: Coinaction, You keep implying falsehoods about me and attacking my personal character.
pr0m3theus2013: Coinaction, go read the keycoin ann or something, it's actually incredibly powerful and was even endorsed by Dan Metcalf, the creater of XC
Coinaction: Don't take it personally!

pr0m3theus2013: Coinaction, Don't make personal attacks that are bullshit.
hablamanos: pr0m3theus2013, and when you tweak the anon feature to be ever so slightly better you will integrate it into a different coin to pump it up
pr0m3theus2013: hablamanos, oh you must have a crystal ball.
hablamanos: "but its the best anon coin"...

*21:19:08    system    Coinaction was banned for 10000 min by koolio
* This message was deleted by koolio SO FAST that it did not appear on trollboxarchive, it did not appear on penek chat archive, it only appeared on dcaz, because dcaz has the lowest network latency to btc-e.
* This means one thing: koolio has some script by which he can issue a ban and then delete the message that he banned someone. This is some heavy ass militant modding, koolio!

Coinaction

21:30 02.08.14, Moscow time
Sorry mate, but I don't know what you are talking about. I would really help you, but I can't. A mod banned me, but I don't know who. Fuck those mods who are hiding behind this instrumantal power. I got 10000 min. For what? prometheus is a scammer and that's true. He is promoting coins which are not allowed to talk about here in the box.

pr0m3theus2013: what a nerd.
hablamanos: no I just remember crypt, then you now work on key
pr0m3theus2013: hablamanos, Crypt is still being worked on by mindfox as far as i know.
hablamanos: so why did you switch?
hablamanos: and who says you wouldnt again if you got better code? to pump a diff. coin
hablamanos: well I think I hit the nail on the head there... see you guys later =)

pr0m3theus2013: hablamanos, yea, your assumptions so good! lol
pr0m3theus2013: Surn, you had your chance to join us surn, boat_miss.avi
saiangel2006: i can't change my email , please help me . my gmail had remove and i cant recover it

koolio: key has made my profits green on a red ltc downfall

pr0m3theus2013: it's an innovative coin man, with a trading suite operating system in the beta phases
pr0m3theus2013: who doesn't want a friggin GUI os custom built with dashboard

arawrpc: pr0m3theus2013, what coin is that?
GoneDark: arawrpc, Key
arawrpc: pr0m3theus2013, keycoin os is run on linux kernal I assume?
pr0m3theus2013: arawrpc, yep
pr0m3theus2013: we already use a lot of the tools for it here in the group
pr0m3theus2013: we just plan to release them to the public on a secured OS environment
arawrpc: pr0m3theus2013, ETA? and why an independent OS for the currency/trading platform your creating
pr0m3theus2013: go read the ann
arawrpc: ok
pr0m3theus2013: https://bitcointalk.org/index.php?topic=695457.0
pr0m3theus2013: imagine being able to populate all your spread buys and sells with the click of a button man
pr0m3theus2013: We do it every day here, and we want to bring that capability to all traders
Surn: MultiPurposeMove, I am glad you have learned well my padawan
kneedrag: pr0m3theus, thats not very sophisticated technology...have had that for years
kneedrag: (didnt read the ann, just sayin)
pr0m3theus2013: kneedrag, yea, go check out the ann theres a LOT more than that
kneedrag: i found setting spread orders works best dynamically.
MultiPurposeMove: Surn, thank u Surn, about time after 50 years that i learn something
pr0m3theus2013: it's on TAILS as well
kneedrag: pr0m3theus was it hard to write code that sets buy and sell orders a minimum of .4% apart?
kneedrag: sounds complicated.
Surn: lol

foolntass

What's there to say about the mods? They used their trust to mislead people, and in the process harmed btc-e itself. I am just surprised they are mods still..
No new info by them on my side. I don't communicate with those rats anyway

I already said it several times in chat. This is nothing new. Most know what happened with coins like DRK or that other scam coin i forgot the name of, which lost a lot of people their money.

People are wondering themselves why the mods are mods still. But it's not really worth starting a war over that. Either use btc-e or don't. I never fell for the mod pump and dumps anyway. When you see them advertising a coin, it's already too late. It's the phase where they are trying to dump their stashes. In the most recent case however, they might have failed as some rat dumped their stash earlier than they agreed upon..

[BlackShibe1]

Dev Update (Pt. 2) 8/2/2014
*****************

As part of our commitment to bringing you consistent quality our 3D team has created a nice video to serve as an introduction to our coin and its features, and as a display of our devotion to raising the bar for what is required to be a respected altcoin.

We hope the community can appreciate our continued progress and dedication to this coin as we guide it down the challenging road to long-term adoption and trade on major exchanges, and we hope you’re all having a fun, exciting and unique trading experience.




https://www.youtube.com/watch?v=mIRSa45E960

TO THE MOON!!!

[The4thDimension]

Dev Update (Pt. 2) 8/2/2014
*****************

As part of our commitment to bringing you consistent quality our 3D team has created a nice video to serve as an introduction to our coin and its features, and as a display of our devotion to raising the bar for what is required to be a respected altcoin.

We hope the community can appreciate our continued progress and dedication to this coin as we guide it down the challenging road to long-term adoption and trade on major exchanges, and we hope you’re all having a fun, exciting and unique trading experience.


https://i.imgur.com/ttV5EOy.jpg

https://www.youtube.com/watch?v=mIRSa45E960

TO THE MOON!!!

[Boomsling]

Dev Update (Pt. 2) 8/2/2014
*****************

As part of our commitment to bringing you consistent quality our 3D team has created a nice video to serve as an introduction to our coin and its features, and as a display of our devotion to raising the bar for what is required to be a respected altcoin.

We hope the community can appreciate our continued progress and dedication to this coin as we guide it down the challenging road to long-term adoption and trade on major exchanges, and we hope you’re all having a fun, exciting and unique trading experience.




https://www.youtube.com/watch?v=mIRSa45E960

TO THE MOON!!!

 

[thenukemforall]

Dev Update (Pt. 2) 8/2/2014
*****************

As part of our commitment to bringing you consistent quality our 3D team has created a nice video to serve as an introduction to our coin and its features, and as a display of our devotion to raising the bar for what is required to be a respected altcoin.

We hope the community can appreciate our continued progress and dedication to this coin as we guide it down the challenging road to long-term adoption and trade on major exchanges, and we hope you’re all having a fun, exciting and unique trading experience.




https://www.youtube.com/watch?v=mIRSa45E960

TO THE MOON!!!

 

Beautiful video, there are very talented people behind key!

[KingTuna]

Dev Update (Pt. 2) 8/2/2014
*****************

As part of our commitment to bringing you consistent quality our 3D team has created a nice video to serve as an introduction to our coin and its features, and as a display of our devotion to raising the bar for what is required to be a respected altcoin.

We hope the community can appreciate our continued progress and dedication to this coin as we guide it down the challenging road to long-term adoption and trade on major exchanges, and we hope you’re all having a fun, exciting and unique trading experience.


https://i.imgur.com/ttV5EOy.jpg

https://www.youtube.com/watch?v=mIRSa45E960

TO THE MOON!!!

 

Beautiful video, there are very talented people behind key!

Very impressive. Love it guys! 0.005 here we come!

[pbremen01]

Can you verify your calculations?

Of course.

Look at block 4500 on the block explorer. (The last Proof Of Work block)

Outstanding coins = 913,277.500272311

Deduct the Outstanding Coins value above from that of the current block. Using block 21588 at the time I type this:

Outstanding coins = 913,595.438148831

913,595.438148831 - 913,277.500272311 = 317.93787652

Block 4500 was created at 4:19 am (GMT) on 18th July that's currently ~2 hours short of 16 days.

317.93787652 / 16 = 19.8711172825

20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).

You're also assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking.

The amount of the coins that are generated by staking at each block doesn't (directly) depend on the number of addresses that are staking.

Function GetProofOfStakeReward depends on the coin age (probably age of the coins in the user's wallet) and doesn't depend on the total number of coins (or addresses) that are staking.

The last published binaries (compiled by the devs) weren't compiled from the source code at

https://bitbucket.org/keycoin/keycoin/

and so they may contain some undisclosed changes compared to bitbucket source code (but it is probably unlikely that these undisclosed changes are related to PoS).

[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.

Can someone answer this post? Why there are almost no normal transactions in the blockchain? Only Bagpipe has given reasonable explanation (that enormous amounts of coins are owned by very small number of people who obviously have no need to do transactions). But his answer doesn't explain why number of transactions was much higher before (the people in this small group probably owned enormous amounts of coins from the beginning).

I've already answered your question. If there are no other transactions then nobody is moving coins around. It doesn't mean anything is broken, blocks will continue to be generated regardless of whether people are moving coins or not.

Yes, I know that the lack of transactions in blocks doesn't necessarily mean that there is anything wrong from the technical standpoint.

But if there are no technical problems, then there may be some "human" problem. I've just checked latest blocks and they still don't have any normal transactions (just coinbase transaction + PoS transaction). Why people don't move at least some coins around?

And about 30% of the latest PoS "mined" blocks are mined just by one address (KCosuASuqafu4or4DphdiCX5qQEr53kHyb):

http://chainz.cryptoid.info/key/address.dws?KCosuASuqafu4or4DphdiCX5qQEr53kHyb.htm

[RichardT]

When a coin has such a dedicated Fudder like this guy, you know it's a good coin.

[thenukemforall]

When a coin has such a dedicated Fudder like this guy, you know it's a good coin.

Agree. Still a lame disguised attempt at FUDding.

[Tron2013]

I am out sold all my Key´s

[TheNewsHasCome]

I am out sold all my Key´s

More for us.

[pr0m3theus2013]

Hey Guys, I love that video! I'm just ignoring the fudders for now because it is taken our time. We will keep making continuos progress as we have done. Yes, I traded DRK, CINNI and other coins. I grew sick of putting my faith in to coins that appeared imminent on day one only to have their devs vanish soon after and decided to manage and fund my own project. So far were doing better than anything I have seen in the alts for a long long time. Thanks for the continued support!

[Petr1fied]

The amount of the coins that are generated by staking at each block doesn't (directly) depend on the number of addresses that are staking.

Function GetProofOfStakeReward depends on the coin age (probably age of the coins in the user's wallet) and doesn't depend on the total number of coins (or addresses) that are staking.

It depends on individual transactions (and their value) and the coin age. If someone is staking then a minimum cycle is 8 hours so someone could lets say deposit 1000 into their wallet and approximately 8 hours later:

They get 0.01 interest (this is purely an example value to simplify this explanation) and such get returned 2 new transactions. One of which is for 500, the other for 500.01.

Approximately 8 hours later:

The previous transaction for 500 splits and returns one transaction for 250, one transaction for 250.005

The previous transaction for 500.01 splits and returns one transaction for 250, one transaction for 250.0125

At this stage, one initial deposit has become 4 transactions and this process keeps repeating at approximately 8 hour intervals if a wallet is left open for staking. On the next cycle there are 8 transactions, then 16, then 32, then 64. etc.

What exactly don't you grasp about this concept?

The last published binaries (compiled by the devs) weren't compiled from the source code at

https://bitbucket.org/keycoin/keycoin/

and so they may contain some undisclosed changes compared to bitbucket source code (but it is probably unlikely that these undisclosed changes are related to PoS).

I'm not a developer so I can only come to the conclusion that the withheld code is related to the anonymity functionality as they don't want their full code being copied by copy and paste devs.

I've been staking since before the anonymity functionality was added and the values staked now are consistent with the values staked previously.

Yes, I know that the lack of transactions in blocks doesn't necessarily mean that there is anything wrong from the technical standpoint.

But if there are no technical problems, then there may be some "human" problem. I've just checked latest blocks and they still don't have any normal transactions (just coinbase transaction + PoS transaction). Why people don't move at least some coins around?

A huge proportion of the coins are at Bittrex as has already been highlighted by one of my previous posts. People just like to keep coins there for trading I guess. What do you propose? Maybe Bittrex should force them to withdraw to their own wallet just to satisfy your need to see transactions moving?

NOTE: I personally think it's a bad thing that so many coins are on Bittrex. People obviously learned nothing from the VRC/Mintpal debacle. They should really keep their coins in their own wallet until such times as they want to trade them.

And about 30% of the latest PoS "mined" blocks are mined just by one address (KCosuASuqafu4or4DphdiCX5qQEr53kHyb):

http://chainz.cryptoid.info/key/address.dws?KCosuASuqafu4or4DphdiCX5qQEr53kHyb.htm

See my example at the top. If stakers don't clean house every now and then by reconstituting all those transactions into larger values then they can end up staking very often. They will only be creating very tiny fractions of new coin as the amount you receive is proportional to the amount of the transaction being staked. There is however the bonus that they may catch some fees at regular intervals if they stake often.

[Maza-plan]

Hey Guys, I love that video! I'm just ignoring the fudders for now because it is taken our time. We will keep making continues progress as we have done. Yes, I traded DRK, CINNI and other coins. I grew sick of putting my faith in to coins that appeared imminent on day one only to have their devs vanish soon after and decided to manage and fund my own project. So far were doing better than anything I have seen in the alts for a long long time. Thanks for the continued support!

Well done sir,

KeyCoin has won me over

[pr0m3theus2013]

Petr1fied, thank you so much for dealing these fudders for now. You're a champ!

[TheNewsHasCome]

Dev Update (Pt. 2) 8/2/2014
*****************

As part of our commitment to bringing you consistent quality our 3D team has created a nice video to serve as an introduction to our coin and its features, and as a display of our devotion to raising the bar for what is required to be a respected altcoin.

We hope the community can appreciate our continued progress and dedication to this coin as we guide it down the challenging road to long-term adoption and trade on major exchanges, and we hope you’re all having a fun, exciting and unique trading experience.


https://i.imgur.com/ttV5EOy.jpg

https://www.youtube.com/watch?v=mIRSa45E960

Love the video. Shows your team isn't only programming savants. You have some key artistic members as well.

[RichardT]

I am out sold all my Key´s

Well, I hope you didn't sell at a lost due to this FUD. If you did, I honestly feel bad for you man.

[Cesare1985]

There is a unique road for this coin: 300K