[ANN][TRDR] Trader Coin - Decentralized - Profit Share program First payout 9/10

[Bitcoin-Mafia]

A premine isn't needed for a simple coin with no further development.  Sorry, but devs push out coins all the time with no premine, instamine, or IPO.  Remember?

We're not going to agree on this one, it seems, and that's cool. To each his own and all that.

[tom14cat14]

Wallet source code please?

Everything will be released at launch.

[sdersdf2]

Would appreciate it if you could briefly summarise:
1) the strengths of this coin?
2) the weaknesses of this coin?
3) promises made? kept? any FUD?

Specifically to the dev(s), what will be the key original code/feature(s) in this coin? And will you be providing "Proof of Developer"?
http://cryptoasian.com/coin-list/
Reply

I can answer some right not. I took over development of Firecoin and have 4 POD out of 5 right there. So I am sure I could just let him know I am working on this coin and he will add this coin since he has my info.

I have made no promises nor will I male any. That is the point of this coin. I am only launching the coin and making sure it will remain stable through out time. No FUD so far. Strengths and weaknesses- the coin is  basic coin cut down to be clean. Meant for trading with no Hype from the developer will do X, Y or Z in the future. Because I do not plan to do anything but Push any updates the community makes for the coin. So the strengths are it is decentralized. You will not depend on me to keep adding to the coin. This is also a weakness because a lot of people do not actually want a decentralized coin. They just dont want a government coin but they want it run by 1 or a group of developers and a few exchanges. Therefore this coin will be what everyone makes it. I will make sure it runs as smoothly as I can and push the source code. But thats it.

Now if I did a 300 BTC ICO like Cluster just did then you could fully expect me to do a bunch of work. But for a .05% premine I am bringing the community a fresh slate to make this coin what they want added by who ever wants to add it. Maybe I will add things from my other coin we will see but for know assume this is a bare bones coin that is for the community.

Great overview - I appreciate this direct answer.

[unlock.mk]

Header for Trader coin

[sdersdf2]

Have you considered escrowing the premine? One of the community's biggest concerns with coins that have a premine
is that the dev will dump it, crash the market and disappear into the sunset. Escrowing your premine and having them
pay out any bounties directly on your behalf will help alleviate that concern and build community confidence.

Just my two cents...

I have thought of it but after watching SYS even that can go to heck. We made it a very small premine. And This coin is really trying to be a basic coin that I believe will be easily traded.

Just getting caught up on some of the earlier messages:

How is it that you feel the SYS escrow arrangement went to heck? It seems to have worked out generally as intended - recipient didn't meet the original terms, and so escrow was withheld. Now, the SYS devs are basically on probation with no incentive to run away until the promised work is done.

[IMJim]

Why take a pre-mine at all?  If it's such an interesting project to you then just do it for nothing.

So you would happily work at your job for free then, I take it?

It never ceases to amaze me. People are flocking to crypto to make money, yet they get pissy at the
mere mention that the coin developers, on whose backs they are making profit, should somehow get
compensated for their work.

Go work a couple of months at your job for free and then come back and complain about how devs
should be willing to do this for nothing if it means so much to them.

I put in free hours at my job all the time and I also make very generous donations to the coins I'm involved in so STFU when you don't know what you are talking about.  BUT, what development you idiot?  He already said he isn't going to develop the coin.  I'm all for pre-mines for developers that plan on working. Dan Metcalf deserves every coin he premined for XC.

Dude, while your opinion is respected and welcome.....YOU should be a little more respectful with your words man!  MUCH too quick to tell people to STFU and call them idiots, be cool man....this is not necessary bud.

Truth be told, you BOTH are making good points......neither is really right or wrong, but both are certainly valid points!

You brought up Dan Metcalf........I'm glad you did as XC is ALL about respecting other coins and communities.  You are right, the man deserves much for his efforts with XC. 

You also commented that this person should STFU when they don't know what they are talking about.  With all due respect, you should take some of your own advices it seems.  Tom did not say he wasn't going to develop the coin, he is saying he will not allow the coin to be dependent on him.  He is saying that HE, with the help of the community and as a community member will continue to develop the coin.  He is saying he will take an equal part with the community to further develop the coin, he is saying he will not be the hammer of the law and will work with the community to implement features or whatever that is agreed upon by the community as a whole.

I think if you knew a bit more of what you yourself was talking about, you would see your argument as some of us do.......completely pointless and ridiculous.  I REALLY mean no offense man, but from what I do know about Tom, albeit not a tremendous amount.......I can come to no conclusion other than he is a stand up and honest person.  The man has literally been taking a loss with Firecoin to try and help that community.  Do you have any idea how many hours and coins he has given out of his own pockets to entertain giveaways, just to gain more exposure for Firecoin...........he has gained nothing from that man, everything out of the kindness of his heart.

In my opinion, the efforts he has put forth for that community and coin has earned him much trust and respect on this forum!  To even bring up bullshit about this ridiculously small pre-mine....makes it very clear, it is you that doesn't know what is going on here!!

Please just keep this respectful and play nice, there are enough threads on this forum that are full of hatred and childish words.

Tom.....I do have a question for you brother.  With the work you are doing on Firecoin, and possibly others........do you have the time to stay active with this coin as well?  I think no matter what role you want to play in this, you will always be looked at as the "dev" and your continued involvement will still be essential here.

[JakeThePanda]

A premine isn't needed for a simple coin with no further development.  Sorry, but devs push out coins all the time with no premine, instamine, or IPO.  Remember?

We're not going to agree on this one, it seems, and that's cool. To each his own and all that.

Ok, so the premine is only .05% of the total.  Most people are going to dismiss this because it's so small, right?  But, if you analyze this more closely one can see the problem here. Let me explain.  

After 30 days of mining and trading there will only be roughly 86k coins produced plus the 5K coin pre-mine for a total 91K coins.  This gives our not so active community developer here anywhere from about 64% to 5.5% of the outstanding coins within the first 1-30 days of trading.  I think we can all agree that most initial pump and dumps happen within the first few weeks of launch. IMO, The actual pre-mine % at risk of being dumped is actually closer to 20%-30% or so.  This could easily be a well disguised pre-mine dump for any unscrupulous developer.

[JakeThePanda]

Why take a pre-mine at all?  If it's such an interesting project to you then just do it for nothing.

So you would happily work at your job for free then, I take it?

It never ceases to amaze me. People are flocking to crypto to make money, yet they get pissy at the
mere mention that the coin developers, on whose backs they are making profit, should somehow get
compensated for their work.

Go work a couple of months at your job for free and then come back and complain about how devs
should be willing to do this for nothing if it means so much to them.

I put in free hours at my job all the time and I also make very generous donations to the coins I'm involved in so STFU when you don't know what you are talking about.  BUT, what development you idiot?  He already said he isn't going to develop the coin.  I'm all for pre-mines for developers that plan on working. Dan Metcalf deserves every coin he premined for XC.

Dude, while your opinion is respected and welcome.....YOU should be a little more respectful with your words man!  MUCH too quick to tell people to STFU and call them idiots, be cool man....this is not necessary bud.

Truth be told, you BOTH are making good points......neither is really right or wrong, but both are certainly valid points!

You brought up Dan Metcalf........I'm glad you did as XC is ALL about respecting other coins and communities.  You are right, the man deserves much for his efforts with XC.  

You also commented that this person should STFU when they don't know what they are talking about.  With all due respect, you should take some of your own advices it seems.  Tom did not say he wasn't going to develop the coin, he is saying he will not allow the coin to be dependent on him.  He is saying that HE, with the help of the community and as a community member will continue to develop the coin.  He is saying he will take an equal part with the community to further develop the coin, he is saying he will not be the hammer of the law and will work with the community to implement features or whatever that is agreed upon by the community as a whole.

I think if you knew a bit more of what you yourself was talking about, you would see your argument as some of us do.......completely pointless and ridiculous.  I REALLY mean no offense man, but from what I do know about Tom, albeit not a tremendous amount.......I can come to no conclusion other than he is a stand up and honest person.  The man has literally been taking a loss with Firecoin to try and help that community.  Do you have any idea how many hours and coins he has given out of his own pockets to entertain giveaways, just to gain more exposure for Firecoin...........he has gained nothing from that man, everything out of the kindness of his heart.

In my opinion, the efforts he has put forth for that community and coin has earned him much trust and respect on this forum!  To even bring up bullshit about this ridiculously small pre-mine....makes it very clear, it is you that doesn't know what is going on here!!

Please just keep this respectful and play nice, there are enough threads on this forum that are full of hatred and childish words.

Tom.....I do have a question for you brother.  With the work you are doing on Firecoin, and possibly others........do you have the time to stay active with this coin as well?  I think no matter what role you want to play in this, you will always be looked at as the "dev" and your continued involvement will still be essential here.

I was being respectful. She attacked me first, judging me and my thought processes when it comes to work ethics. My words aren't full of hatred, just anger that someone that doesn't know me one bit can start judging me and what I'm about.  You are the one being ridiculous with your long rant about something that really doesn't concern you at all.  If you took 2 seconds to read you can see that I was the one put on the defensive first, when in reality I'm putting forth questions to try and protect the community.  It's people like you that are making these forums hotbeds for scams.  Let people scrutinize the OP without fear of being shot down. I don't care what kind of work he did with other coins, nobody is above reproach...ever...nobody.

I will apologize to Bitcoinmafia for using offensive language. So there.

Read my post above this one that addresses the "ridiculously small pre-mine".

[tom14cat14]

Why take a pre-mine at all?  If it's such an interesting project to you then just do it for nothing.

So you would happily work at your job for free then, I take it?

It never ceases to amaze me. People are flocking to crypto to make money, yet they get pissy at the
mere mention that the coin developers, on whose backs they are making profit, should somehow get
compensated for their work.

Go work a couple of months at your job for free and then come back and complain about how devs
should be willing to do this for nothing if it means so much to them.

I put in free hours at my job all the time and I also make very generous donations to the coins I'm involved in so STFU when you don't know what you are talking about.  BUT, what development you idiot?  He already said he isn't going to develop the coin.  I'm all for pre-mines for developers that plan on working. Dan Metcalf deserves every coin he premined for XC.

Dude, while your opinion is respected and welcome.....YOU should be a little more respectful with your words man!  MUCH too quick to tell people to STFU and call them idiots, be cool man....this is not necessary bud.

Truth be told, you BOTH are making good points......neither is really right or wrong, but both are certainly valid points!

You brought up Dan Metcalf........I'm glad you did as XC is ALL about respecting other coins and communities.  You are right, the man deserves much for his efforts with XC. 

You also commented that this person should STFU when they don't know what they are talking about.  With all due respect, you should take some of your own advices it seems.  Tom did not say he wasn't going to develop the coin, he is saying he will not allow the coin to be dependent on him.  He is saying that HE, with the help of the community and as a community member will continue to develop the coin.  He is saying he will take an equal part with the community to further develop the coin, he is saying he will not be the hammer of the law and will work with the community to implement features or whatever that is agreed upon by the community as a whole.

I think if you knew a bit more of what you yourself was talking about, you would see your argument as some of us do.......completely pointless and ridiculous.  I REALLY mean no offense man, but from what I do know about Tom, albeit not a tremendous amount.......I can come to no conclusion other than he is a stand up and honest person.  The man has literally been taking a loss with Firecoin to try and help that community.  Do you have any idea how many hours and coins he has given out of his own pockets to entertain giveaways, just to gain more exposure for Firecoin...........he has gained nothing from that man, everything out of the kindness of his heart.

In my opinion, the efforts he has put forth for that community and coin has earned him much trust and respect on this forum!  To even bring up bullshit about this ridiculously small pre-mine....makes it very clear, it is you that doesn't know what is going on here!!

Please just keep this respectful and play nice, there are enough threads on this forum that are full of hatred and childish words.

Tom.....I do have a question for you brother.  With the work you are doing on Firecoin, and possibly others........do you have the time to stay active with this coin as well?  I think no matter what role you want to play in this, you will always be looked at as the "dev" and your continued involvement will still be essential here.

Thanks for the support. I really am trying to break the I am the developer of this coin mind set here. I want to see the community develop a coin from the initial hype stage. The main difference with this coin and just taking over a dead coin is it is hard to get people looking at a dead coin even if you are bringing it back with great stuff. I want to know can you launch a coin that will be run by the community from the start. We can all agree that coins gain the most exposure at the beginning. So if we can get this coin accepted as a community coin from the start with full exposure it just might be one of most successful community coins out there. It will be known from the beginning it is a community coin. So will be accept it? We will find out.

[JakeThePanda]

Thanks for the support. I really am trying to break the I am the developer of this coin mind set here. I want to see the community develop a coin from the initial hype stage. The main difference with this coin and just taking over a dead coin is it is hard to get people looking at a dead coin even if you are bringing it back with great stuff. I want to know can you launch a coin that will be run by the community from the start. We can all agree that coins gain the most exposure at the beginning. So if we can get this coin accepted as a community coin from the start with full exposure it just might be one of most successful community coins out there. It will be known from the beginning it is a community coin. So will be accept it? We will find out.

See the bold.  This is the exact point where your pre-mine will be a VERY large % of the outstanding coins.

[tom14cat14]

Why take a pre-mine at all?  If it's such an interesting project to you then just do it for nothing.

So you would happily work at your job for free then, I take it?

It never ceases to amaze me. People are flocking to crypto to make money, yet they get pissy at the
mere mention that the coin developers, on whose backs they are making profit, should somehow get
compensated for their work.

Go work a couple of months at your job for free and then come back and complain about how devs
should be willing to do this for nothing if it means so much to them.

I put in free hours at my job all the time and I also make very generous donations to the coins I'm involved in so STFU when you don't know what you are talking about.  BUT, what development you idiot?  He already said he isn't going to develop the coin.  I'm all for pre-mines for developers that plan on working. Dan Metcalf deserves every coin he premined for XC.

Dude, while your opinion is respected and welcome.....YOU should be a little more respectful with your words man!  MUCH too quick to tell people to STFU and call them idiots, be cool man....this is not necessary bud.

Truth be told, you BOTH are making good points......neither is really right or wrong, but both are certainly valid points!

You brought up Dan Metcalf........I'm glad you did as XC is ALL about respecting other coins and communities.  You are right, the man deserves much for his efforts with XC.  

You also commented that this person should STFU when they don't know what they are talking about.  With all due respect, you should take some of your own advices it seems.  Tom did not say he wasn't going to develop the coin, he is saying he will not allow the coin to be dependent on him.  He is saying that HE, with the help of the community and as a community member will continue to develop the coin.  He is saying he will take an equal part with the community to further develop the coin, he is saying he will not be the hammer of the law and will work with the community to implement features or whatever that is agreed upon by the community as a whole.

I think if you knew a bit more of what you yourself was talking about, you would see your argument as some of us do.......completely pointless and ridiculous.  I REALLY mean no offense man, but from what I do know about Tom, albeit not a tremendous amount.......I can come to no conclusion other than he is a stand up and honest person.  The man has literally been taking a loss with Firecoin to try and help that community.  Do you have any idea how many hours and coins he has given out of his own pockets to entertain giveaways, just to gain more exposure for Firecoin...........he has gained nothing from that man, everything out of the kindness of his heart.

In my opinion, the efforts he has put forth for that community and coin has earned him much trust and respect on this forum!  To even bring up bullshit about this ridiculously small pre-mine....makes it very clear, it is you that doesn't know what is going on here!!

Please just keep this respectful and play nice, there are enough threads on this forum that are full of hatred and childish words.

Tom.....I do have a question for you brother.  With the work you are doing on Firecoin, and possibly others........do you have the time to stay active with this coin as well?  I think no matter what role you want to play in this, you will always be looked at as the "dev" and your continued involvement will still be essential here.

I was being respectful. She attacked me first, judging me and my thought processes when it comes to work ethics. My words aren't full of hatred, just anger that someone that doesn't know me one bit can start judging me and what I'm about.  You are the one being ridiculous with your long rant about something that really doesn't concern you at all.  If you took 2 seconds to read you can see that I was the one put on the defensive first, when in reality I'm putting forth questions to try and protect the community.  It's people like you that are making these forums hotbeds for scams.  Let people scrutinize the OP without fear of being shot down. I don't care what kind of work he did with other coins, nobody is above reproach...ever...nobody.

I will apologize to Bitcoinmafia for using offensive language. So there.

Read my post above this one that addresses the "ridiculously small pre-mine".

I fully understand your concern. I know premines are a touchy subject with people. All I can say is that I think it is fair for the amount chosen. I am being upfront about it not trying to hide it or insta-mine this coin or even ninja launch the coin. But lets say I dump with in the first 2 days of the coins life. My question to put it blatantly is so what? That would be 5k coins on the market for a coin that will have just over 1 million coins this year or 10 million total coins. In the total life of the coin 5k coins is nothing. If you are afraid that 5k coins can destroy this coin then you are free to choose not to mine it. I am not hiding it. Everyone can decide for themselves do you want this coin or not. I welcome you digging into the numbers. Even if you hate my idea This is not moderated because I welcome everyone's opinion. Even when the FUD hits that is all part of launching a coin. All I can do is be honest and up front about it.

[Bitcoin-Mafia]

I was being respectful. She attacked me first, judging me and my thought processes when it comes to work ethics. My words aren't full of hatred, just anger that someone that doesn't know me one bit can start judging me and what I'm about.  You are the one being ridiculous with your long rant about something that really doesn't concern you at all.  If you took 2 seconds to read you can see that I was the one put on the defensive first, when in reality I'm putting forth questions to try and protect the community.  It's people like you that are making these forums hotbeds for scams.  Let people scrutinize the OP without fear of being shot down. I don't care what kind of work he did with other coins, nobody is above reproach...ever...nobody.

I will apologize to Bitcoinmafia for using offensive language. So there.

Read my post above this one that addresses the "ridiculously small pre-mine".

It's all good. Devs getting compensated for their work is kind of a hut button issue with me. I'm a web
developer by trade and I've lost track of the number of times I've been asked do "just this one thing"
for free that turns into a big huge fiasco and the person asking doesn't think I should be compensated
because I'm just "sitting behind [your] computer - how hard could it really be?"

Yeah, there are still people that think that way. Not saying you do, just saying that they're out there.

[JakeThePanda]

I fully understand your concern. I know premines are a touchy subject with people. All I can say is that I think it is fair for the amount chosen. I am being upfront about it not trying to hide it or insta-mine this coin or even ninja launch the coin. But lets say I dump with in the first 2 days of the coins life. My question to put it blatantly is so what? That would be 5k coins on the market for a coin that will have just over 1 million coins this year or 10 million total coins. In the total life of the coin 5k coins is nothing. If you are afraid that 5k coins can destroy this coin then you are free to choose not to mine it. I am not hiding it. Everyone can decide for themselves do you want this coin or not. I welcome you digging into the numbers. Even if you hate my idea This is not moderated because I welcome everyone's opinion. Even when the FUD hits that is all part of launching a coin. All I can do is be honest and up front about it.

Ok, let's use an example of you dumping the coins in the first 10 days.  Your words were, "We can all agree that coins gain the most exposure at the beginning."  We also know that most traders look at market cap when determining value and market cap is calculated using currently outstanding coins, not the end of PoW total.  After 10 days of mining there will only be about 34K outstanding coins, with 5k, or 15% of them belonging to you. Let's assume a modest pump brings the market cap to 100K USD, which isn't out of the question for a freshly hyped coin. So you do the math. That nets you close to 15k usd of pre-mine that you can dump.  5-10 days after launch is the sweet spot for pump and dumps.  Sounds like a well hidden, lucrative scam to me. You are the one that said, "But lets say I dump with in the first 2 days of the coins life. My question to put it blatantly is so what?" It sounds like this could be your plan and you feel justified in doing it.

Edit: Now that I think about the words you used it just makes me more mad.  You are basically saying who cares if I make a useless coin with no development and a pre-mine and just dump it.

[tom14cat14]

I fully understand your concern. I know premines are a touchy subject with people. All I can say is that I think it is fair for the amount chosen. I am being upfront about it not trying to hide it or insta-mine this coin or even ninja launch the coin. But lets say I dump with in the first 2 days of the coins life. My question to put it blatantly is so what? That would be 5k coins on the market for a coin that will have just over 1 million coins this year or 10 million total coins. In the total life of the coin 5k coins is nothing. If you are afraid that 5k coins can destroy this coin then you are free to choose not to mine it. I am not hiding it. Everyone can decide for themselves do you want this coin or not. I welcome you digging into the numbers. Even if you hate my idea This is not moderated because I welcome everyone's opinion. Even when the FUD hits that is all part of launching a coin. All I can do is be honest and up front about it.

Ok, let's use an example of you dumping the coins in the first 10 days.  Your words were, "We can all agree that coins gain the most exposure at the beginning."  We also know that most traders look at market cap when determining value and market cap is calculated using currently outstanding coins, not the end of PoW total.  After 10 days of mining there will only be about 34K outstanding coins, with 5k, or 15% of them belonging to you. Let's assume a modest pump brings the market cap to 100K USD, which isn't out of the question for a freshly hyped coin. So you do the math. That nets you close to 15k usd of pre-mine that you can dump.  5-10 days after launch is the sweet spot for pump and dumps.  Sounds like a well hidden, lucrative scam to me. You are the one that said, "But lets say I dump with in the first 2 days of the coins life. My question to put it blatantly is so what?" It sounds like this could be your plan and you feel justified in doing it.

Edit: Now that I think about the words you used it just makes me more mad.  You are basically saying who cares if I make a useless coin with no development and a pre-mine and just dump it.

If you are mad dont mine it. I used the words if i dumped so what saying if I did it is a small % of the coin. I am not saying this coin is coin to be just the hype phase. I want to see this coin last a long time being community driven. To me it seems you want me to just say screw it I will do this for free. I am talking what is considered a small premine and if you have so much butt hurt over it just dont mine. I am not forcing you to. I guess I should not be upfront about things with you. I have put it out there either you like it or you dont. There is no reason for you to stick around here you have said your peace you think the premine is too big. Got great move on others can decide for themselves.

[NSA360]

Scrypt ...no thanks... 

[tom14cat14]

Scrypt ...no thanks...  

Understandable. I debated x11 vs scrypt.

[tom14cat14]

Pools added

[tom14cat14]

Any other pools please let me know and I will add you to the OP. I am also working on getting listed with exchanges right away.

[keithersb]

The purpose of this altcoin is to not have a purpose? I'm confused!

[sunerok]

dev, can you write an autogen.sh and configure.ac for centos?

https://github.com/dogecoin/dogecoin/blob/master/configure.ac

https://github.com/dogecoin/dogecoin/blob/master/autogen.sh

^ this is what i mean. CentOS installs are difficult sometimes, this will help exchanges and pools running CentOS

this is what auto-install looks like after those are complete:

https://gist.github.com/patricklodder/c7c067cc831f0d3190c2#file-build-dogecoin-sh