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Question: Would you prefer new features to be Ninja Launched or Announced first?
Ninja - 157 (62.1%)
Announced - 96 (37.9%)
Total Voters: 253

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Author Topic: [FIBRE] | 625k | [SuperNET] | FibreDark | FibreLock | FibreGateway | ZeroTrust |  (Read 514459 times)
killakem
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October 07, 2014, 06:58:46 PM
 #2281

>>>>>>>>>>>>>>>>>>>>UPDATE<<<<<<<<<<<<<<<<<<<

A debate took place today on the funding of Block Cypher and capital for marketing etc.

The outcome:

Nothing has changed..................................

We will press on as usual and will keep up our aggressive development schedule.

Revision 2 Will be released on the 18th and Private beta testing starts on the 11th

If I knew this debate would stir peoples emotions as it did, i would never have entered into it.

I repeat!! Nothing has changed we will still press on as normal.

There will be no secondary coin offering or FibreLite. Lets just press on

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24hralttrade
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October 07, 2014, 07:10:52 PM
 #2282

>>>>>>>>>>>>>>>>>>>>UPDATE<<<<<<<<<<<<<<<<<<<

A debate took place today on the funding of Block Cypher and capital for marketing etc.

The outcome:

Nothing has changed..................................

We will press on as usual and will keep up our aggressive development schedule.

Revision 2 Will be released on the 18th and Private beta testing starts on the 11th

If I knew this debate would stir peoples emotions as it did, i would never have entered into it.

I repeat!! Nothing has changed we will still press on as normal.

There will be no secondary coin offering or FibreLite. Lets just press on



Good choice, show youre skills, volume will pick up and donations will be bigger!

Want to see the Future of Retail omnichannel demo store powered by Digibyte & Tofugear teams?
Please feel free to contact me if you have anything to report or you have any questions.
killakem
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October 07, 2014, 07:11:41 PM
 #2283

>>>>>>>>>>>>>>>>>>UPDATE<<<<<<<<<<<<<<<<<<

I wanted to start the funding debate, so that we could come up with a plan. It was not started to cause a split in our community or uncertantiy.

I'm removing the Poll and I would appreciate if this was not discussed further.

I know you wont donate but the donation addresses are in the ANN. The future of Fibre is heavily dependent on Block Cypher as was set out in the Road Map that has been available since 1 week after launch. Transaction mixing and Block Cypher were clearly marked as community funded, we are delivering the Fibre Mixer in Rev2 so no funding is required. We can not develop our own Block Cypher so this will have to be funded, we have been fund raising for 1 month and have raised 1btc.


Development update

Revision 2

Release Date: 18 October


Rev2 is coming along great. Some of you maybe aware that for the most part Rev2 was ready to go. We gave ourself's some time between announcement and release to get our fancy marketing material in place, also to prepare press releases (Which will come out of my own pocket).

Fibre Mixer
We have successfully implemented the Fibre Mixer into the Fibre base source code. It is currently undergoing internal testing, which has been going well. We have an internal date of Saturday the 11th to have it ready for external private Beta testing.

One Wallet To Rule Them All
Our new wallet with switchable TOR support is ready to go and has gone through rigorous internal testing. Private Beta testing will begin on the 11th of October.

Tor support in the Fibre Daemon
The TOR support for the Daemon is ready to go and has been tested successfully. Private Beta testing will begin on the 11th of October.

 
FibreDark Gateway
The FibreDark gateway is ready to go, external Private Beta testing will begin on the 11th of October.

Regards
Killa


Hi All,

Please find the above update on the current progress of Fibre Revision 2. We are currently getting our fancy marketing material together. We are also creating lots of press releases for each feature. Hence the need for a 2 week window between the announcement and the release. As some of you may know, we do not announce anything untill we are 100% certain that we will be able to deliver on time.
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October 07, 2014, 07:31:51 PM
 #2284

People posting from multiple accounts should be banned. I know things got quite heated today as there were serious points being discussed. The debate was not fud. Posting from multiple accounts is.


Will someone just me how much BTC is needed still to get this FIBRE in the cloud or moon for that matter...

Why was you trying to manipulate the debate today by using multiple accounts?

Any shred of respect I had for you is gone........................................
WhiteNotWright
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October 07, 2014, 07:58:38 PM
 #2285

Please people, get your facts together and stop trying to spread something that is not true. I openly admit I use multiple accounts, and if you had half a brain you would look at the post from each and honestly see that my position was the same on both and actually signed my name to the other. Why the hell would I be trying to create FUD on a coin I heavily invest and have supported. Read my history on both accounts, I beg of you, to understand more of my position. I do not want a second coin and this is not just me. You cannot just "ban" someone because they have multiple accounts because there is "no rule" that prevents that from going on. If I pretended to be someone else with a different position, I could see your view, but this is not the case. I was only trying to see if it was possible to vote under a different account in order for me to trust the results of the poll. Seriously, this community is suppose to be adult based and it's started to show cracks. Let's just move on please.

wnw

"Give me fuel, give me FIBRE, give me that which I desire."
https://twitter.com/whitenotwright
belibeli
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October 07, 2014, 08:05:12 PM
 #2286

OK putting on my financial engineer hat, because I think we can do better than donations.  My suggested structure follows, which meets the goal of raising money, without hurting current investors or creating some unworkable two coin structure (i.e. hurt current investors...):

Hello sir, I think you have raised some important points in your earlier post. As you explicitly allowed comments on this post, please consider my red remarks as an opportunity for a conversation and not as a confrontation. From what you have wrote earlier I consider this is not the case.

1) Fibrelite is a new coin, that Fibre holders are able to convert to.  Fibre will cease to exist some period after the conversion. -Why should Fibre cease to exist?

2) "Baseline" # of coins in Fibrelite is the same as Fibre and Fibre holders can convert 1:1.  Thus there is no dilution -My nondilution theory tells me that 1 Fibre should be 90 mil/650,000=138,46 Fibrelight if they were to merge.
2a) But now you say then no money is raised, so what is the point- that's why we need both the coins, but with the current holders having 90+% percent of the total supply of FibreLight and 10% being left for the ICO. This is when the wallet with two currencies also comes in place (I'm sure I'm not the first one sugessting it but I think it would be a premiere in crypto)

3) "Upside" # of coins in Fibrelite are the ICO.  Selling price is whatever the price of Fibre is at the start of the ICO (or some average over the last X days, whatever).  However many BTC come in from the ICO dictate how many "Upside" coins get actually released, the remaining unsold coins are burned.  Maybe some BTC target is set, but the key point is the unsold coins (if any) are burned.

4) Net result is that the value of Fibre holdings = value of fibrelite holdings in BTC for current fibre investors (because price is the same and # of coins held by individual investors are the same), but since new coins are sold in the fibrelite ICO, devs get the money they need to maximally execute on their awesome plans.

Comments / criticisms?  Let me know if any of that was unclear.  May need some tweaking but I think this is straightforwardly feasible from a tech perspective and best achieves everyone's objective.  



From a communication perspective, maybe you say something like the following:

1) Fibre is a great coin, and the worst case is that we continue to develop aggressively to grow and meet our goals

2) But we have even greater goals to create value for investors that we can execute on with new funding

3) Therefore we are considering a "v2" upgraded Fibre, ie. Fibrelite, which would have an ICO to provide that funding

4) We are 100% committed to not only protecting Fibre investors, but making sure they as early supporters get all the same upside in Fibrelite, which we think will be even greater for them than if we simply stay on the current course and develop fibre only (which is an option, but not one we think is the best)

5) To achieve (4), the ICO will have the same coin price as fibre, and new coins will only be created pro rata to new invested BTC coming in.  Fibrelite will also benefit, because potential investors will know our level of commitment in return for their support -
Maybe say that or maybe prove it first, as in the developers should first show that they can be trusted with a 1000 BTC/year revenue.


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October 07, 2014, 08:09:53 PM
 #2287

Please people, get your facts together and stop trying to spread something that is not true. I openly admit I use multiple accounts, and if you had half a brain you would look at the post from each and honestly see that my position was the same on both and actually signed my name to the other. Why the hell would I be trying to create FUD on a coin I heavily invest and have supported. Read my history on both accounts, I beg of you, to understand more of my position. I do not want a second coin and this is not just me. You cannot just "ban" someone because they have multiple accounts because there is "no rule" that prevents that from going on. If I pretended to be someone else with a different position, I could see your view, but this is not the case. I was only trying to see if it was possible to vote under a different account in order for me to trust the results of the poll. Seriously, this community is suppose to be adult based and it's started to show cracks. Let's just move on please.

wnw

It's ok mate!! No hard feelings. I want us all to regroup and move forward. I was clear many times that this was just a debate and was totally optional, because I did not want to bring FUD. As we are one of the only FUD free coins.

P.s We are already looking into alternate solutions to block cypher!! Smiley
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October 07, 2014, 08:15:43 PM
 #2288

Please people, get your facts together and stop trying to spread something that is not true. I openly admit I use multiple accounts, and if you had half a brain you would look at the post from each and honestly see that my position was the same on both and actually signed my name to the other. Why the hell would I be trying to create FUD on a coin I heavily invest and have supported. Read my history on both accounts, I beg of you, to understand more of my position. I do not want a second coin and this is not just me. You cannot just "ban" someone because they have multiple accounts because there is "no rule" that prevents that from going on. If I pretended to be someone else with a different position, I could see your view, but this is not the case. I was only trying to see if it was possible to vote under a different account in order for me to trust the results of the poll. Seriously, this community is suppose to be adult based and it's started to show cracks. Let's just move on please.

wnw

It's ok mate!! No hard feelings. I want us all to regroup and move forward. I was clear many times that this was just a debate and was totally optional, because I did not want to bring FUD. As we are one of the only FUD free coins.

P.s We are already looking into alternate solutions to block cypher!! Smiley

What is the price to get onto Block Cypher with just FIBRE? How many BTC?

"Give me fuel, give me FIBRE, give me that which I desire."
https://twitter.com/whitenotwright
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October 07, 2014, 08:18:35 PM
 #2289

Honestly I doubt many devs would have been so receptive to the feelings of the community. Seriously big props  Wink.

Please people, get your facts together and stop trying to spread something that is not true. I openly admit I use multiple accounts, and if you had half a brain you would look at the post from each and honestly see that my position was the same on both and actually signed my name to the other. Why the hell would I be trying to create FUD on a coin I heavily invest and have supported. Read my history on both accounts, I beg of you, to understand more of my position. I do not want a second coin and this is not just me. You cannot just "ban" someone because they have multiple accounts because there is "no rule" that prevents that from going on. If I pretended to be someone else with a different position, I could see your view, but this is not the case. I was only trying to see if it was possible to vote under a different account in order for me to trust the results of the poll. Seriously, this community is suppose to be adult based and it's started to show cracks. Let's just move on please.

wnw

It's ok mate!! No hard feelings. I want us all to regroup and move forward. I was clear many times that this was just a debate and was totally optional, because I did not want to bring FUD. As we are one of the only FUD free coins.

P.s We are already looking into alternate solutions to block cypher!! Smiley
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October 07, 2014, 08:20:03 PM
 #2290

Please people, get your facts together and stop trying to spread something that is not true. I openly admit I use multiple accounts, and if you had half a brain you would look at the post from each and honestly see that my position was the same on both and actually signed my name to the other. Why the hell would I be trying to create FUD on a coin I heavily invest and have supported. Read my history on both accounts, I beg of you, to understand more of my position. I do not want a second coin and this is not just me. You cannot just "ban" someone because they have multiple accounts because there is "no rule" that prevents that from going on. If I pretended to be someone else with a different position, I could see your view, but this is not the case. I was only trying to see if it was possible to vote under a different account in order for me to trust the results of the poll. Seriously, this community is suppose to be adult based and it's started to show cracks. Let's just move on please.

wnw

It's ok mate!! No hard feelings. I want us all to regroup and move forward. I was clear many times that this was just a debate and was totally optional, because I did not want to bring FUD. As we are one of the only FUD free coins.

P.s We are already looking into alternate solutions to block cypher!! Smiley

What is the price to get onto Block Cypher with just FIBRE? How many BTC?

The implementation costs are 10k USD so at the current price it would be 30btc!! We have 2btc already so 28BTC

Then $250 a month hosting fee.

DFJ's idea is a great one!! But Im now apprehensive to enter into anymore debates lol. I have also instructed my team not to comment on any posts regarding the funding.
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October 07, 2014, 08:22:50 PM
 #2291

Please people, get your facts together and stop trying to spread something that is not true. I openly admit I use multiple accounts, and if you had half a brain you would look at the post from each and honestly see that my position was the same on both and actually signed my name to the other. Why the hell would I be trying to create FUD on a coin I heavily invest and have supported. Read my history on both accounts, I beg of you, to understand more of my position. I do not want a second coin and this is not just me. You cannot just "ban" someone because they have multiple accounts because there is "no rule" that prevents that from going on. If I pretended to be someone else with a different position, I could see your view, but this is not the case. I was only trying to see if it was possible to vote under a different account in order for me to trust the results of the poll. Seriously, this community is suppose to be adult based and it's started to show cracks. Let's just move on please.

wnw

Do you trust the results of the pool now, mate?
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October 07, 2014, 08:23:19 PM
 #2292

Honestly I doubt many devs would have been so receptive to the feelings of the community. Seriously big props  Wink.

Please people, get your facts together and stop trying to spread something that is not true. I openly admit I use multiple accounts, and if you had half a brain you would look at the post from each and honestly see that my position was the same on both and actually signed my name to the other. Why the hell would I be trying to create FUD on a coin I heavily invest and have supported. Read my history on both accounts, I beg of you, to understand more of my position. I do not want a second coin and this is not just me. You cannot just "ban" someone because they have multiple accounts because there is "no rule" that prevents that from going on. If I pretended to be someone else with a different position, I could see your view, but this is not the case. I was only trying to see if it was possible to vote under a different account in order for me to trust the results of the poll. Seriously, this community is suppose to be adult based and it's started to show cracks. Let's just move on please.

wnw

It's ok mate!! No hard feelings. I want us all to regroup and move forward. I was clear many times that this was just a debate and was totally optional, because I did not want to bring FUD. As we are one of the only FUD free coins.

P.s We are already looking into alternate solutions to block cypher!! Smiley

We have said from Day one that Fibre was created for the community because of the damage that all of these scams have caused. We will never stray from that ethos! Every single person has a voice and we will listen to you.

Although we will not be entering into anymore debates regarding the funding. I task you guys the community with coming up with the best solution......................

Regards
Killa
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October 07, 2014, 08:33:31 PM
 #2293

The implementation costs are 10k USD so at the current price it would be 30btc!! We have 2btc already so 28BTC

Then $250 a month hosting fee.

DFJ's idea is a great one!! But Im now apprehensive to enter into anymore debates lol. I have also instructed my team not to comment on any posts regarding the funding.

I will need to go back and look over DFJ's idea again. Seriously, twenty-five folks sending a FIBRE wallet 10$USD worth of FIBRE each month seems very reasonable, especially if we get this coin on a plane few can afford. Not sure of what te contractual agreement looks like.
The BTC cap is going to be a little more tricky, but I don't see those amounts being too difficult to obtain if we reach out to the right party.
It's OK to discuss things between us investors without the CEO, right?  Grin

"Give me fuel, give me FIBRE, give me that which I desire."
https://twitter.com/whitenotwright
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October 07, 2014, 08:37:33 PM
 #2294

The implementation costs are 10k USD so at the current price it would be 30btc!! We have 2btc already so 28BTC

Then $250 a month hosting fee.

DFJ's idea is a great one!! But Im now apprehensive to enter into anymore debates lol. I have also instructed my team not to comment on any posts regarding the funding.

I will need to go back and look over DFJ's idea again. Seriously, twenty-five folks sending a FIBRE wallet 10$USD worth of FIBRE each month seems very reasonable, especially if we get this coin on a plane few can afford. Not sure of what te contractual agreement looks like.
The BTC cap is going to be a little more tricky, but I don't see those amounts being too difficult to obtain if we reach out to the right party.
It's OK to discuss things between us investors without the CEO, right?  Grin


Most definitely! Feel free, any help from the community is accepted with open arms.

Killa
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October 07, 2014, 08:38:46 PM
 #2295



Do you trust the results of the pool now, mate?
[/quote]

Absolutely not! But I would like to know the amount of investors here on this site that agree with some of your earlier comments. You seemed to have a good grasp on some of the finer details of how a second coin could work when coupled to the primary to add value to both and to ensure both are joined. The last thing you want to do is come off like PPC did with Nubits and have an ecosystem that was built based on USD$ and the notion of using shares. I honestly feel FIBRELITE can work if implemented as a slave to the master.

"Give me fuel, give me FIBRE, give me that which I desire."
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October 07, 2014, 08:39:57 PM
 #2296

@ killa

Please tell us more about about the Block Cypher and why they need an instant deposit. The reason I ask you this is because I live somewhere in Europe where things can be traded, haggled and even taken on debt. My father once proved to me that nothing is out of reach when on a Christmas Eve I wanted some plastic toy soldiers I had seen on a window shop and he couldn’t afford it.
In my profession I have seen that all people can be reasoned with and Fibre has a pretty numerous community that you can count on. We’ve all got Fibre.
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October 07, 2014, 08:46:11 PM
 #2297

@ killa

Please tell us more about about the Block Cypher and why they need an instant deposit. The reason I ask you this is because I live somewhere in Europe where things can be traded, haggled and even taken on debt. My father once proved to me that nothing is out of reach when on a Christmas Eve I wanted some plastic toy soldiers I had seen on a window shop and he couldn’t afford it.
In my profession I have seen that all people can be reasoned with and Fibre has a pretty numerous community that you can count on. We’ve all got Fibre.


Hi Belibeli,

The huge initial development cost is due to the fact that Block Cypher have never hosted a POS based coin. We would be the first POS crypto currency implemented on their infrastructure. This incurs a considerable amount of upfront investment in development time, hence the cost.

I also believe this would be a very news worthy story. As Block Cypher have received main stream media attention.


On another note!

Did I mention that we will be able to create multi coin based applications with any of the coins they host.
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October 07, 2014, 08:47:33 PM
 #2298


<snip>
2.   If FibreLight should ever be conceived, it should be at most 10% ICO (9.000.000 coins) and the rest of 81.000.000 coins distributed procentual amongst the Fibre wallet staking addresses at the FibreLight launch T-0.00 moment. The holders of Fibre should get around 90% of the Fibrelight supply, meaning 124.6 Fibrelight/1 Fibre owned. FibreLight ICO should start at 0.00001.
<snip>


You have my full support of this approach. It has legs, adds value to both.

"Give me fuel, give me FIBRE, give me that which I desire."
https://twitter.com/whitenotwright
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October 07, 2014, 08:49:41 PM
 #2299


<snip>
2.   If FibreLight should ever be conceived, it should be at most 10% ICO (9.000.000 coins) and the rest of 81.000.000 coins distributed procentual amongst the Fibre wallet staking addresses at the FibreLight launch T-0.00 moment. The holders of Fibre should get around 90% of the Fibrelight supply, meaning 124.6 Fibrelight/1 Fibre owned. FibreLight ICO should start at 0.00001.
<snip>


You have my full support of this approach. It has legs, adds value to both.
Sounds good!! I agree with this approach as it will also boost fibre.
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October 07, 2014, 08:52:30 PM
 #2300

>>>>>>>>>>>>>>>>>>>>UPDATE<<<<<<<<<<<<<<<<<<

Hi Guys,

We have been lucky enough to attract the attention of the reporters at coin source.

Please see the below article they just published.

http://www.coinssource.com/fibre-the-future-cryptocurrencies-brings-innovation/
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