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Coin-Moron
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August 13, 2014, 05:41:49 AM |
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Proof of Tenacity (POT)
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JJyarr
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Activity: 64
Merit: 10
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August 13, 2014, 06:17:27 AM |
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Proof of Tenacity (POT)
It would seem so... |
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powersup
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August 13, 2014, 06:38:46 AM |
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Ok everyone, I'll cut straight to it. The wallet isn't ready to be released I want to say that it will only be a few hours, but unfortunately that would be unrealistic. We lost contact with the developer sometime this morning, just before he was going to push an updated build. He was able to call us a few hours ago to inform us that there is no power in his city, which is not conducive to getting the wallet ready.
Obviously this is not something that is within our abilities to fix. Our developer will be back to a stable environment in about a week, but until then we have to make do with his partial participation and the limited skill set of myself and Max's.
Another issue that we're having is that the Guerillacoin code was much worse than we initially thought, and most of the dynamic interest functionality had to completely rewritten. It is working now, the only problem that we're having is that mature coins are taking longer than they should to pay out.
All we can ask is that you have patience. Trust me, we are just as frustrated with the situation as you all are, and we're doing all that is in our power to fix it, as fast as is possible.
Your collective pessimism at this point is warranted; we promised to have something ready for public use, and all we've come up with so far is delays. All I can offer is our sincerest apologies for these problems, and I really hope that you guys will stick with us through this rough spot.
Of course, I will continue to keep you guys updated on the progress. If I had to give a realistic estimate to when the wallet will be fixed, I would have to say probably within the next two or three days.
In the mean time, we are going to try and come up with a temporary fix, just to get the wallets in sync and trading back up on the exchanges. I'll let you know about how that is progressing in a little bit.
Alex
Thanks for the update. I still hold hope for pesa. My experience has shown devs usually dont stick around and give updates after they abandon a coin. |
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e-coinomist
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Activity: 2380
Merit: 1085
Money often costs too much.
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August 13, 2014, 07:40:01 AM |
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Proof of Tenacity (POT)
POV, Poof of value? |
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Coin-Moron
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August 13, 2014, 02:05:15 PM |
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 Someone's trying too hard for cheaper coins. People still have hope in this one. Go towards the sell order.
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JakeThePanda
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August 13, 2014, 02:23:56 PM |
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Someone's trying too hard for cheaper coins. People still have hope in this one. Go towards the sell order. It doesn't matter. The market is going to be really low volume until the wallet is updated. There are lots of people either under water and don't want to sell at this price or the coins are in their wallet. The good news is nobody wants to sell at this price. The bad news is people don't want to buy at this price. Even when the wallet is updated, the dev will need to implement a working Enigma rather quickly to gather the attention of the community again. |
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Tree Fiddy
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August 13, 2014, 02:29:19 PM
Last edit: August 13, 2014, 03:26:13 PM by Tree Fiddy |
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Alex,
Apart from wallet fix, what about the Enigma and Smart property.
Any time line from the dev?
Enigma's codebase has already been written, it's just a matter of making it work with the current Keycoin code, as well as polishing the UI elements that have to go along with it. Smart contract integration is still conceptual at this point, but we don't think that it will be overly difficult to implement. Also, we are talking to a few other developers who may be interested in joining the team (no, not from RIPO). That would help immensely with the timeliness of our updates and fixes, as well as allow us to explore even more functionality aside from anonymity features and smart contracts. The reason this update did not progress smoothly once dynamic interest became a factor again is because dynamic interest doesn't even work on the coin we forked from. Yes, this is our fault and we should have been more conscious of how dynamic interest worked poorly with other coins. But now we may end up creating a system that hasn't ever been implemented in the way we are trying to, which would be a plus.As for other features, the Keycoin code gives us access to coin mixing functionality, which we may appropriate as part of Enigma, at least partially. We still want to review how well it works among other factors. Further smart contract features are up to you guys, and as of yet I haven't seen any proposals for features outside of what was outlined in the whitepaper. As I said before GuerillaCoin (the first PoStr coin) had all sorts of issues with this. I'm too lazy to dig around, but just browse through their thread to the part when PoW ended and Bittrex froze the wallets. I will admit that a decentralized interest rate (although capped) is a very interesting concept, but it does seem to create problems in coins. I know economics is a boring concept to this subforum, but I don't think there has been a debate yet on how 1% vs. 8% would effect supply and price or how the rate (and price) could be manipulated by coin holders with multiple wallets. If I were dev I would be buying my own coin. If he implements half of what's in the whitepaper he's looking at multiplying his investment several times over. Even when the wallet is updated, the dev will need to implement a working Enigma rather quickly to gather the attention of the community again.
I disagree. I would hype it for a few days. Markets respond more favorably to things they know are coming at a certain time than when things are sprung on them without preparation. If I suddenly tell you I have a quantum computer that fits in your hand it's going nowhere if there are only a handful of people here reading my posts. |
ceo 10 μbtc/day
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JakeThePanda
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August 13, 2014, 02:46:27 PM |
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I disagree. I would hype it for a few days. Markets respond more favorably to things they know are coming at a certain time than that things that are sprung on them without preparation. If I suddenly tell you I have a quantum computer that fits in your hand it's going nowhere if there are only a handful of people here reading my posts.
I hope you are right. But, this isn't about hyping an innovative feature, they are still trying to get a basic wallet going. If after all this time the only thing they can do is have a basic coin with static interest, the price will probably continue lower from here. |
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JakeThePanda
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August 13, 2014, 02:52:55 PM |
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I have a 1.3 btc bid at 51 sats if anyone wants to sell.  I might as well start the process of tripling down.  |
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Coin-Moron
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August 13, 2014, 02:59:54 PM |
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I have a 1.3 btc bid at 51 sats if anyone wants to sell. I might as well start the process of tripling down. You are such a greedy panda |
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JakeThePanda
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August 13, 2014, 03:02:52 PM |
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I have a 1.3 btc bid at 51 sats if anyone wants to sell. I might as well start the process of tripling down. You are such a greedy panda Someone has to provide buy support. I'm the only idiot that's buying.  Also, like I said in previous posts, I'm using a lot of it to donate to the dev team. Hopefully that gives them incentive to burn the Pesa midnight oil. |
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deephouse
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August 13, 2014, 06:26:48 PM |
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Thanks for the update. Take your time but keep us updated on a regular basis.
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JakeThePanda
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August 13, 2014, 07:24:48 PM |
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Further smart contract features are up to you guys, and as of yet I haven't seen any proposals for features outside of what was outlined in the whitepaper.
I was going to wait until we have a working wallet before I made my wish list with a donation. |
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JakeThePanda
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August 14, 2014, 02:56:50 AM
Last edit: August 14, 2014, 11:33:19 AM by JakeThePanda |
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Nice Update!  |
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Battareus
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August 14, 2014, 03:53:04 AM |
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Nice Update!
What you talking about? |
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JJyarr
Member
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Activity: 64
Merit: 10
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August 14, 2014, 05:26:42 AM |
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I disagree. I would hype it for a few days. Markets respond more favorably to things they know are coming at a certain time than that things that are sprung on them without preparation. If I suddenly tell you I have a quantum computer that fits in your hand it's going nowhere if there are only a handful of people here reading my posts.
I hope you are right. But, this isn't about hyping an innovative feature, they are still trying to get a basic wallet going. If after all this time the only thing they can do is have a basic coin with static interest, the price will probably continue lower from here. I would tend to agree with Jake on this. I don't think a working wallet is enough to rekindle interest as we have lost the early momentum. I believe people will need to see some progress with the coin before they buy. Enigma might just do the trick. From the sounds of it much of the code is already in place, so a reasonably quick implementation is possible. After all the wallet issues, some progress would look good. |
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Coin-Moron
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August 14, 2014, 10:52:18 AM |
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Viacoin's already working towards implementing a p2p exchange over its blockchain. Our dev has already claimed that they would be the first to implement something over the smart contracts in the near future. So its better to speed up things. Imagine if we are getting a decentralized trading with PESA. Am i dreaming too much  ? |
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SalimNagamato
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Activity: 924
Merit: 1000
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August 14, 2014, 11:10:54 AM |
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Viacoin's already working towards implementing a p2p exchange over its blockchain. Our dev has already claimed that they would be the first to implement something over the smart contracts in the near future. So its better to speed up things. Imagine if we are getting a decentralized trading with PESA. Am i dreaming too much ? no |
not hashing, folding and curing (check FLDC merged-folding! reuse good GPUs) |
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SalimNagamato
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Activity: 924
Merit: 1000
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August 14, 2014, 12:05:38 PM |
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Viacoin's already working towards implementing a p2p exchange over its blockchain. Our dev has already claimed that they would be the first to implement something over the smart contracts in the near future. So its better to speed up things. Imagine if we are getting a decentralized trading with PESA. Am i dreaming too much ? no well maybe |
not hashing, folding and curing (check FLDC merged-folding! reuse good GPUs) |
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JakeThePanda
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August 14, 2014, 12:06:17 PM |
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Viacoin's already working towards implementing a p2p exchange over its blockchain. Our dev has already claimed that they would be the first to implement something over the smart contracts in the near future. So its better to speed up things. Imagine if we are getting a decentralized trading with PESA. Am i dreaming too much ? no well maybe Probably. |
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