Announcing ProzCoin : Proof of Action (PoA)

[provenceday]

Along with Chris is Shannon Null Code -no joke- Security expert and specialist for Mastercoin

so we have a developer come from mastercoin team?

that's would be great!

[JTB800]

Early investors are promised an OPTION of trading the coin for an asset once actual assets are issued.  

Chris

Oh, cute.

Well, why don't you take all of that knowledge that you seemed impelled to inform me of, and look up an attorney. It's easy to do online or even the good old Yellow Pages. See if they think that you putting the word "option" in capital letters exonerates you the way you think it does.

 

We already have consulted an attorney brother.  I was simply explaining that we are aware of the laws concerning securities fraud, and we don't believe that many people in crypto are actually following the rules.  I am not trying to explain to "you" because I don't think you understand, I am explaining why we did what we did.


So when the SEC does an audit of 2014 for the entire crypto community, which they most likely will do, we will have complied with all the US laws, so our community/company will be protected from persecution OR prosecution by the US government.

Chris

I don't want to argue anymore. Congratulations on selling out your ICO.

However, you are either misrepresenting what your attorneys told you or you have very bad attorneys...."brother".

[provenceday]

hi dev

how about some articles on coindesk?

[Wings1987]

With the ICO selling out early. When will trading start?

[provenceday]

hi dev

also how about some bounty for translations?

we need more translations into other languages.

[MadGhost]

hi dev

also how about some bounty for translations?

we need more translations into other languages.

yeah dev we need more translations ,so if there is a bounty for it then many users will do it.

[GTO73]

If there are  abounty for translation i will do a italian 

[provenceday]

wait for the launch now.

[ProzCoin]

Sorry, there are a ton of questions, so I will try to address as many as possible:

1.  C-cex will determine when trading starts, and we have no control over it.  

2.  Concerning "proof of action" 'proof', we would not be able to prove the users are real without disclosing their e-mail addresses, BUT the easiest way to demonstrate proof is to just check the Prozcoin hashtag on twitter, or check the 58,000% growth on facebook.

https://twitter.com/hashtag/prozcoin?f=realtime&src=hash

https://www.facebook.com/pages/Coin-Proz/506600376128733?sk=likes&ref=page_internal

3. Cryptotycoons will be doing another article about our team soon

4. We will start office hours this week at 12 PM eastern Sunday, Monday, and Friday if ANYONE wants to skype.  Larry.Christopher.Bates

5. We will figure out about translations/bounties this week

6. Shannon Code as our Head of R & D ALSO works as a developer evangelist/head of security for Mastercoin team, so we are very close with their team.

7. Desktop wallet should be released very soon, but as Shannon works for both teams, it is being built for more than just our coin.  Working directly with the Mastercoin team is one of the first steps towards a cooperative paradigm.

Chris

[ProzCoin]

Oh, and for the record we DID get a ton of spam from Indonesia and Singapore.  As it can be seen in the thread we briefly limited the regional access, but decided that if we let the spammers ruin it for everybody, then PoA wasn't truly being tested.  Now we KNOW where the spammers are, and we can easily prove it if so necessary.  Ultimately, spammers just won't get a payout beyond what they've legitimately earned.  


TECHNICALLY, if we wanted to hold true to the algorithm for the first test run, the spammers won't make ANYTHING.  I feel very bad for the guy though.  He put in a lot of work actually


With legendary tweets like "aqw #prozcoin #PROZ, eeeea #prozcoin #PROZ, l #prozcoin #PROZ" and fantastic quotes like "gg #prozcoin #PROZ, duh #prozcoin #PROZ" how could not want to pay this marketing genius?








Chris

[HunterMinerCrafter]

2.  Concerning "proof of action" 'proof', we would not be able to prove the users are real without disclosing their e-mail addresses, BUT the easiest way to demonstrate proof is to just check the Prozcoin hashtag on twitter, or check the 58,000% growth on facebook.

So, in other words, you're saying that your proof-of-action will offer up no proofs?  We can't even know if the 7000+ number is close to accurate?

See also my comments here: https://bitcointalk.org/index.php?topic=769881.msg8688520#msg8688520 they apply just as well.

This is not proof-of-action mining at all, then, it is just "we give out coins as we please."  This being the case, you have not actually invented anything new, only created a different kind of fiat coin.  We might as well trade in WoW gold or PPUSD, at least those virtual fiats have established major backers.

You promised me better.  

My biggest pet peeve these days is "proof-of-blah" coins where "blah" is something not subsequently proven by the system. Please don't claim that you have some new proof model if it has nothing to do with proving things.

This is particularly frustrating when the "thing" in question is something that *could* be proven, and when such a system of proof would be a great contribution.  Your project falls squarely into this category.  You could have built an awesome proof-carrying network, and changed the world.  You clearly didn't, despite claiming so.

[ProzCoin]

We have received a TON of new e-mail addresses from people who took part in the campaign.  I thought that's what you were asking for.  Sorry for the miscommunication.

Chris

[HunterMinerCrafter]

See also my comments here: https://bitcointalk.org/index.php?topic=769881.msg8688520#msg8688520 they apply just as well.

And https://bitcointalk.org/index.php?topic=769881.msg8689010#msg8689010 as well.

My proposed solution for him applies doubly so for Proz.  Either offer up actual proofs, or remove the word "proof" from your literature entirely.

If you are not able to offer up a construct that automates formal proof, I have a simple solution for you!  Just remove the words "proof of" from all of your materials and replace with "payment for" instead - problem solved.

Don't call something a proof unless you mean it.  People might accidentally take you seriously

[satoshtree]

Invested a little.  Lets see how this pans out.

[Joerii]

Congrats with the succesful ICO guy ! Nice to see nothing had to be burned.
Looking at that volume graph someone threw more then 15 BTC at it in just a few hours.
Smells like a pump coming... these pump and dump groups have a huge capital.
We'll see what happens when ccex starts trading. I expect a huge pump followed by a dump.

Since I missed the train I'll be snapping up the sells after the dump, which shouldn't drop much lower then 300 sat.

[Altcoin Agent]

Congrats with the succesful ICO guy ! Nice to see nothing had to be burned.
Looking at that volume graph someone threw more then 15 BTC at it in just a few hours.
Smells like a pump coming... these pump and dump groups have a huge capital.
We'll see what happens when ccex starts trading. I expect a huge pump followed by a dump.

Since I missed the train I'll be snapping up the sells after the dump, which shouldn't drop much lower then 300 sat.

Yes it does look like a whale has moved in.....

[ProzCoin]

See also my comments here: https://bitcointalk.org/index.php?topic=769881.msg8688520#msg8688520 they apply just as well.

And https://bitcointalk.org/index.php?topic=769881.msg8689010#msg8689010 as well.

My proposed solution for him applies doubly so for Proz.  Either offer up actual proofs, or remove the word "proof" from your literature entirely.

If you are not able to offer up a construct that automates formal proof, I have a simple solution for you!  Just remove the words "proof of" from all of your materials and replace with "payment for" instead - problem solved.

Don't call something a proof unless you mean it.  People might accidentally take you seriously

https://www.academia.edu/7925177/PROOF_OF_ACTION

Simple Forum Poster: X = Posts Y = Upvotes Z = PoA Score X(.25) * Y(/\2) = Z Conditional adjustments If X/Y < 10, then Z * 5 If Y/X > 100, then Z *.5 Article Contributor: X = Articles submitted Y = Unique Page Views Per Article Z = PoA Score X(.25) * Y(/\2) = Z Conditional adjustments If X/Y < 5, then Z * .1 If Y/X > 100, then Z * 5 PoA/PoW Merged Mining Variables: A = 10,000,000 ProzCoin B = Mining hours Used C = Base Block reward of 1141 Proz D = leftover proz from previous block + C F = minutes of mining from last 24 hours for an individual  N = F/1440 Q = Cumulative individual minutes of mining across network (1,000,000 miners = 1,000,000 minutes) X = Number of miners in real time Y = Number of ProzCoin mined so far

We came up with the concept/equations months ago.

Chris

[GreatOrchid]

#Prozcoin ICO live at C-CEX https://c-cex.com/?p=proz-btc  official thread is https://bitcointalk.org/index.php?topic=740383.0 … here to earn free PROZ 
#prozcoin #PROZ
isaw everyone with this same stuff
i just dont get it
as well
i wont get the 1 free coinz i did it for free

but guys heres the question

how will coinproz get the money from ico to buy the 3 three prototype somethings that code boy is creating $30000 as last we talked
is this your buy to end sale so you can cash out for development project which is why ipo  was
tell us brother how will coinproz get the invwester money from the ico to code boys hardware thingy of 30000 usd as earlier acknowledged 

[ProzCoin]

#Prozcoin ICO live at C-CEX https://c-cex.com/?p=proz-btc  official thread is https://bitcointalk.org/index.php?topic=740383.0 … here to earn free PROZ  
#prozcoin #PROZ
isaw everyone with this same stuff
i just dont get it
as well
i wont get the 1 free coinz i did it for free

but guys heres the question

how will coinproz get the money from ico to buy the 3 three prototype somethings that code boy is creating $30000 as last we talked
is this your buy to end sale so you can cash out for development project which is why ipo  was
tell us brother how will coinproz get the invwester money from the ico to code boys hardware thingy of 30000 usd as earlier acknowledged  

C-Cex holds ICOs for 3 days past the end to check records.  

The prototypes are being budgeted piece by piece, and will be on line item ledger. 


Chris

[GreatOrchid]

#Prozcoin ICO live at C-CEX https://c-cex.com/?p=proz-btc  official thread is https://bitcointalk.org/index.php?topic=740383.0 … here to earn free PROZ  
#prozcoin #PROZ
isaw everyone with this same stuff
i just dont get it
as well
i wont get the 1 free coinz i did it for free

but guys heres the question

how will coinproz get the money from ico to buy the 3 three prototype somethings that code boy is creating $30000 as last we talked
is this your buy to end sale so you can cash out for development project which is why ipo  was
tell us brother how will coinproz get the invwester money from the ico to code boys hardware thingy of 30000 usd as earlier acknowledged  

C-Cex holds ICOs for 3 days past the end to check records.  

The prototypes are being budgeted piece by piece, and will be on line item ledger. 


Chris
ok but isnt this whale thing alittle scarey they only want to steel money
and its a sure bet if pump comes dumps next
what is coinproz take on this possible whale activity as i see might be a threat to ico reason
if they manuver stock and steal before ,the code guys hardware thingy is stunted