[ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0

[FoldingCoin]

the whole, so they can identify you in the 224497 folding@home team

Correct, thanks Salim for helping answer questions, everything you said is spot on The first POWC distribution will be tomorrow

[Jonesd]

the whole, so they can identify you in the 224497 folding@home team

Correct, thanks Salim for helping answer questions, everything you said is spot on The first POWC distribution will be tomorrow

Indeed, Salim, thanks for your help!

[FoldingCoin]

Please consider partaking in our fundraiser http://foldingcoin.net/fundraising/  as we are now paying around 0.016 BTC per day to distribute FLDC to all folders. We still have enough to do months of distributions but I just wanted to make everyone aware of the costs. Thanks!

[FoldingCoin]

Are we still a few days from receiving POWC and SCOT? Or were there some already payed out? Not sure because I didn't receive any of those two coins so far.

Also, if we fold on team 224497, do we get all 4? (FDLC, POWC, SCOT and CURE) or just FLDC and CURE?

POWC has paid out its first distribution early this morning, check it out and you should have your share for the previous 9 days. POWC will now move to every Saturday, so next Saturday you should receive some more

[BitcoinForumator]

Are we still a few days from receiving POWC and SCOT? Or were there some already payed out? Not sure because I didn't receive any of those two coins so far.

Also, if we fold on team 224497, do we get all 4? (FDLC, POWC, SCOT and CURE) or just FLDC and CURE?

POWC has paid out its first distribution early this morning, check it out and you should have your share for the previous 9 days. POWC will now move to every Saturday, so next Saturday you should receive some more

Got them, thanks.

About the 0.016btc per day issue. What if you lowered the frequency of payments or alternatively got the community to agree on having some percentage folded and returned to you?

[FoldingCoin]

Are we still a few days from receiving POWC and SCOT? Or were there some already payed out? Not sure because I didn't receive any of those two coins so far.

Also, if we fold on team 224497, do we get all 4? (FDLC, POWC, SCOT and CURE) or just FLDC and CURE?

POWC has paid out its first distribution early this morning, check it out and you should have your share for the previous 9 days. POWC will now move to every Saturday, so next Saturday you should receive some more

Got them, thanks.

About the 0.016btc per day issue. What if you lowered the frequency of payments or alternatively got the community to agree on having some percentage folded and returned to you?

We could go to less frequent payouts, but we wish to avoid that. If we start running low we will simply have to, but i do not forsee that anytime soon. We do not want to take any off of the top, that is something we have discussed in detail that we do not want to be in our coins model.

However we do have a solution call the off chain distribution system. Its something in the works and to be honest we haven't begun developing it yet because we have been working on things we think are more important, but what it basically will do is act like a mining pool where your FLDC is held there until you the folder decides to withdraw it. Then instead of a traditional 1% mining pool fee, we simply have you the donor cover the 0.00016 BTC current transaction cost associated with transferring CP assets. So then we basically move the fee off of us and onto the donor. Its only like 10 cents for a donor to withdraw their own funds, but its very expensive for us to send them out to everyone.

[jjiimm_64]

Hello.

I see the processing occurred for today: http://foldingcoin.net/platformReports/FLDC/20150215-payoutReport.html

but I do not see the coins in my counterparty wallet...  is there a way to get the transaction details?

[FoldingCoin]

Hello.

I see the processing occurred for today: http://foldingcoin.net/platformReports/FLDC/20150215-payoutReport.html

but I do not see the coins in my counterparty wallet...  is there a way to get the transaction details?

The transaction details are found on http://foldingcoin.net/distribution/ but the distribution server is currently down. We are waiting for an update from LTB to get it running again. I will post here once that occurs. Follow us on twitter @foldingcoin for live updates

[jjiimm_64]

Hello.

I see the processing occurred for today: http://foldingcoin.net/platformReports/FLDC/20150215-payoutReport.html

but I do not see the coins in my counterparty wallet...  is there a way to get the transaction details?

The transaction details are found on http://foldingcoin.net/distribution/ but the distribution server is currently down. We are waiting for an update from LTB to get it running again. I will post here once that occurs. Follow us on twitter @foldingcoin for live updates

Hello.. I see 2 pending transactions coming in.. I think you may have processed the file twice....  I dont know if you can reverse escrow for fldc transactions at counterparty???

Code:

Pending Actions

    Unconfirmed send of 57,232.14855425 FLDC from 18hNkP9F9hnCMefNHBEm76L3ndxSsLL5Dk to root 2 minutes ago
    Unconfirmed send of 57,232.14855425 FLDC from 18hNkP9F9hnCMefNHBEm76L3ndxSsLL5Dk to root 9 minutes ago

[jjiimm_64]

up to 3 now... your going to run out of coins pretty quick at this rate!!!

Code:

Pending Actions

    Unconfirmed send of 57,232.14855425 FLDC from 18hNkP9F9hnCMefNHBEm76L3ndxSsLL5Dk to root 5 minutes ago
    Unconfirmed send of 57,232.14855425 FLDC from 18hNkP9F9hnCMefNHBEm76L3ndxSsLL5Dk to root 12 minutes ago
    Unconfirmed send of 57,232.14855425 FLDC from 18hNkP9F9hnCMefNHBEm76L3ndxSsLL5Dk to root 18 minutes ago

[FoldingCoin]

up to 3 now... your going to run out of coins pretty quick at this rate!!!

Code:

Pending Actions

    Unconfirmed send of 57,232.14855425 FLDC from 18hNkP9F9hnCMefNHBEm76L3ndxSsLL5Dk to root 5 minutes ago
    Unconfirmed send of 57,232.14855425 FLDC from 18hNkP9F9hnCMefNHBEm76L3ndxSsLL5Dk to root 12 minutes ago
    Unconfirmed send of 57,232.14855425 FLDC from 18hNkP9F9hnCMefNHBEm76L3ndxSsLL5Dk to root 18 minutes ago

I have just sent this issue to the distributor developer and he is having a look. Only 500,000 could possible be distributed from this address, so we have more then enough funds out of the development funds to make this up to those that still have not received their payouts. All correct payouts will be accounted for.

Consider the extra 57K FLDC as a gift to you as this is irreversible and we would never ask for the funds back for something that was our mistake. We will resolve this immediately and get the right funds out to the people who did not receive them. This issue has happened once before in the past 2 weeks since counterparty updated its core again, last time it was only to the bottom 100 Folders, this time almost 200 people did not receive their payots. The developer will work hard on figuring out exactly what is going on here, sorry for the inconvenience to the rest of the folders and we are on top of this.

[Jonesd]

Why the fold?

Hello everybody,

The FoldingCoin network has grown at an amazing rate over the last couple of months!

I was wondering what the reason is supporters are folding.  Is it the profit you want  to make or just to support Stanford? Or both?

Or something completely different?

Thanks in advance for your feedback! :-)

Edited the layout a bit

[FoldingCoin]

What is your motivation?

Hello everybody,

The FoldingCoin network has grown at an amazing rate over the last couple of months! I was wondering what the reason is supporters are folding.  Is it the profit you want  to make or just to support Stanford? Or both? Or something completely different?

Thanks in advance for your feedback! :-)

I personally would love to see a better use for all the energy that is wasted on Altcoin blockchains. If the power in altcoin GPU and CPU mining was redirected towards scientific research that would benefit the world rather than an alternative blockchain that may potentially die off

[jjiimm_64]

What is your motivation?

Hello everybody,

The FoldingCoin network has grown at an amazing rate over the last couple of months! I was wondering what the reason is supporters are folding.  Is it the profit you want  to make or just to support Stanford? Or both? Or something completely different?

Thanks in advance for your feedback! :-)

I personally would love to see a better use for all the energy that is wasted on Altcoin blockchains. If the power in altcoin GPU and CPU mining was redirected towards scientific research that would benefit the world rather than an alternative blockchain that may potentially die off

what we need is for scientific researchers that have immediate need for folding to buy some foldingcoin. and pay folders directly to fold for their specific project!!

[FoldingCoin]

A Folder named Chad created a profit calculator for us to use and James has got it on the site. Check it out to see your daily profit you will make from folding http://foldingcoin.net/the-coin/

Thanks Chad and James!

[SalimNagamato]

Why the fold?

Hello everybody,

The FoldingCoin network has grown at an amazing rate over the last couple of months!

I was wondering what the reason is supporters are folding.  Is it the profit you want  to make or just to support Stanford? Or both?

Or something completely different?

Thanks in advance for your feedback! :-)

Edited the layout a bit

both
to help science, and get very wealthy while doing so i wish for all of us.

[Palad1n]

Hello FoldingCoin!
Why for the 15 february my friend recieved only 4,687.3558112 FLDC to wallet 1AbTjP3oJZJMPQjdNzdaVrRsANAKmo32KB ?
But we see on the page http://foldingcoin.net/platformReports/FLDC/20150215-payoutReport.html 33,742.00801633 FLDC for the 15 february.

What happened?

[FoldingCoin]

Hello FoldingCoin!
Why for the 15 february my friend recieved only 4,687.3558112 FLDC to wallet 1AbTjP3oJZJMPQjdNzdaVrRsANAKmo32KB ?
But we see on the page http://foldingcoin.net/platformReports/FLDC/20150215-payoutReport.html 33,742.00801633 FLDC for the 15 february.

What happened?

First off I will start updating distribution issues here as well as twitter. When things happen with the distribution I always post on twitter - @foldingcoin

So we had another issue with the distribution server. The last time this happened was on Merged Folding launch. It just so happened to be the same day that Counterpartyd made a new update. Since the counterpartyd update, the distribution server needs a bug worked out of it. This is only the second time it has happened, but basically it pays certain addresses double amounts. On the 5th it was anyone who received less then 300 FLDC got double payments. So when this happens, the distribution address eventually runs out of FLDC. When that occurs, it will pay a few people 0 FLDC, but then the distribution server recognizes that no funds are actually there anymore and stops the distribution.

This time, the top 17 Folders received double payments, which then made the distribution run out very quickly. We still owe 233 payouts and we are going to process those as soon as we can. So here is whats going on:

• Nick the developer of the distribution server is on leave right now, but he is in communication with me during this issue (he has great dedication). He has given me elevated admin rights to the distribution server to freeze the distribution should this happen again
• We have sent a reimbursement FLDC amount to the new distribution address found here http://blockscan.com/address?q=12SGuMmuxXLE4YRyxSLE43oEwYRKxNMKz1 and the funds will push out tonight once the issue has been resolved
• When nick gets back to the hotel he is going to look over everything to make sure the distribution will push again with no issues
• The distribution is done at 4am by me and no one else is awake at that time. So if this happens in the future (until Nick finds the bug) I can manually stop this from happening again
• just so you get an idea how the distribution system works, here is a video i made that shows you what the asset distributor does https://www.youtube.com/watch?v=vXpWEH5mS2o
• The folks at LTB do a great job developing this software and counterpartyd can be a nightmare to deal with sometimes (remember masterxchange?) Please be patient when these issues occur as Nick is a very dedicated dev who spends countless hours working on this stuff
• we have a record of everyone who missed the payments this time and we will reimburse this out of our pocket, and not the undistributed FLDC
• Counterparty is still new, but its such a great technology that these growing pains are worth it

As always you can email me directly or post here with any questions or concerns rross@foldingcoin.net Thanks!
[/list]

[FoldingCoin]

Hello FoldingCoin!
Why for the 15 february my friend recieved only 4,687.3558112 FLDC to wallet 1AbTjP3oJZJMPQjdNzdaVrRsANAKmo32KB ?
But we see on the page http://foldingcoin.net/platformReports/FLDC/20150215-payoutReport.html 33,742.00801633 FLDC for the 15 february.

What happened?

That is indeed a strange ratio of paid to expected. Perhaps someone was overpaid and he was paid last? Also of note are these payments of 0 FLDC http://blockscan.com/tx?block=343766 which certainly cost btc to send.

Yes a few people received double payments, and some actually received triple this time. We cannot do anything about that and we would NEVER ask for those funds back. This is one good reason why the devs had the biggest operation early on, we have the FLDC to reimburse folks when issues like this occur, so all missing FLDC will be accounted for out of our pocket.

As for those who got the extra payments consider that a gift from us as it was our mistake

[FoldingCoin]

Hello FoldingCoin!
Why for the 15 february my friend recieved only 4,687.3558112 FLDC to wallet 1AbTjP3oJZJMPQjdNzdaVrRsANAKmo32KB ?
But we see on the page http://foldingcoin.net/platformReports/FLDC/20150215-payoutReport.html 33,742.00801633 FLDC for the 15 february.

What happened?

Hey, he got paid 4,687 - my account showed "Address My Address #1 credited with 0 FLDC" , vs. the reported "Haitch   224497   12guGMu4Rf7niuffwizPLLGxDhxYWJqnFU   1,418,170   3.64%   18,221.92450464"

It was reported earlier that there was a glitch with the payouts, wait for the pool to correct the issue. They've been extremely good at doing so.

H.

Thank you for the kind words We are working on it as we speak right now. Payments should go out tonight still as planned and the reimbursements should go through as well.

Thanks Folders