[ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0

[azmojo]

FOLD and CURE will have their days coming soon. It wouldn't hurt to get some publicity for the charity aspect of crypto compared to the fraud aspect associated with the malware attacks.

[lhmrij]

It's very hard to setup a wallet....

[deddod]

FOLD and CURE will have their days coming soon. It wouldn't hurt to get some publicity for the charity aspect of crypto compared to the fraud aspect associated with the malware attacks.

i'm. Waiting for it. and I hope it will happen.

[K210]

It's very hard to setup a wallet....

If FLDC had its own chain it would be as simple as downloading one file. But this counterparty system completes things for no reason whatsoever.....

[K210]

Honest question: Who is buying FLDC at 500 sats a coin? And why?

[ComputerGenie]

Honest question: Who is buying FLDC at 500 sats a coin? And why?

The same people that buy it an any other price. And because they either want to fund folders or they think they can sell it to some other sucker at a higher price.

[azmojo]

Anyone know why FLDC has been in wallet maintenance on Bittrex for over a day?

UPDATE: It appears to be resolved now. Nevermind.

[Lie Detector]

It turns out dev was solo mining FLDC for around 6 months. It is possible dev is pumping his own coin. Only invest what you can afford to lose.

[K210]

It turns out dev was solo mining FLDC for around 6 months. It is possible dev is pumping his own coin. Only invest what you can afford to lose.

This would be terrible if it were true. It would pretty much mean this entire thing is a ponzi scheme....hopefully not the case

[ComputerGenie]

It turns out dev was solo mining FLDC for around 6 months. It is possible dev is pumping his own coin. Only invest what you can afford to lose.

Nice attempt at FUD.

It's kind of sad, though, that you would pick such an obvious lie (FLDC is an asset coin, not a PoW-mineable coin).
Since there is no "mining FLDC", the dev literally couldn't have been "solo mining FLDC".

[Lie Detector]

It turns out dev was solo mining FLDC for around 6 months. It is possible dev is pumping his own coin. Only invest what you can afford to lose.

Nice attempt at FUD.

It's kind of sad, though, that you would pick such an obvious lie (FLDC is an asset coin, not a PoW-mineable coin).
Since there is no "mining FLDC", the dev literally couldn't have been "solo mining FLDC".

It is not FUD. Maybe you should do some research before commenting. FLDC was launched in july of 2014, up until december of 2014 there were only a few miners. If you go back and look at the distrubution log for july/august/september of 2014 you will see the dev was pretty much the only one mining this coin. Daily distrubution back then was 500K FLDC/day so 15M a month. So for 3 months that is 45M FLDC if you assume dev mined even only half of that that gives dev around 20-30M FLDC which is almost 10% of all FLDC in circulation today. There is nothing to stop dev from dumping a few million coins and using it to pump the price. It has happened with other altcoins it may also have happened here.

If this is indeed the case expect a massive price drop in the long run and traders catch on..........

[xandry]

Maybe you should do some research before commenting. FLDC was launched in july of 2014, up until december of 2014 there were only a few miners.

1. FLDC was launched in july of 2014? How it is possible if this topic was created in september of 2014?
2. And again: you can't mining FLDC, you can get it as reward for folding.
3. Also see http://foldingcoin.net/resources/fldc-finances/
4. Stop your FUD please.

[Lie Detector]

Maybe you should do some research before commenting. FLDC was launched in july of 2014, up until december of 2014 there were only a few miners.

1. FLDC was launched in july of 2014? How it is possible if this topic was created in september of 2014?
2. And again: you can't mining FLDC, you can get it as reward for folding.
3. Also see http://foldingcoin.net/resources/fldc-finances/
4. Stop your FUD please.

1. Foldingcoin was indeed launched in july of 2014. This is not the original launch thread. This is the original launch thread: https://bitcointalk.org/index.php?topic=682862.0

2. Folding is the same as mining just differant algo

3. This page only shows records from Jan 2015 onwards, pretty convenient for dev i think....

4. Stop denying reality.

[ComputerGenie]

...Folding is the same as mining just differant algo
....

No and no.
Folding isn't even close to mining, and it's not "an algorithm". Folding is a scientific set of steps used in simulating the literal folding and unfolding of proteins.

In mining, GuyA "competes" against GuyB to be the 1st to arrive at a solution to a cryptography based equation. GuyA and GuyB will always be working on the same thing.

In folding, both GuyA and GuyB will go through the many steps to ensure a scientific experiment works. GuyA and GuyB will not always be working on the same thing.

Comparing folding to mining, and saying they are the same thing, is like comparing a car to a tree and saying they are the same because they both have mass.



Stop denying reality.

[Lie Detector]

...Folding is the same as mining just differant algo
....

No and no.
Folding isn't even close to mining, and it's not "an algorithm". Folding is a scientific set of steps used in simulating the literal folding and unfolding of proteins.

In mining, GuyA "competes" against GuyB to be the 1st to arrive at a solution to a cryptography based equation. GuyA and GuyB will always be working on the same thing.

In folding, both GuyA and GuyB will go through the many steps to ensure a scientific experiment works. GuyA and GuyB will not always be working on the same thing.

Comparing folding to mining, and saying they are the same thing, is like comparing a car to a tree and saying they are the same because they both have mass.



Stop denying reality.

Folding from a software perspective is an algorithm. The FAH client downloads work units and folds according to certain instructions.

In folding GuyA and GuyB are both competing to earn as much points as possible just like bitcoin miners compete to have as much hashrate as possible so no folding is mining just a differant kind.

[ComputerGenie]

Note to self: Stop trying to have logical conversations with illogical people. 

[LemonAndFriesOne]

...Folding is the same as mining just differant algo
....

No and no.
Folding isn't even close to mining, and it's not "an algorithm". Folding is a scientific set of steps used in simulating the literal folding and unfolding of proteins.

In mining, GuyA "competes" against GuyB to be the 1st to arrive at a solution to a cryptography based equation. GuyA and GuyB will always be working on the same thing.

In folding, both GuyA and GuyB will go through the many steps to ensure a scientific experiment works. GuyA and GuyB will not always be working on the same thing.

Comparing folding to mining, and saying they are the same thing, is like comparing a car to a tree and saying they are the same because they both have mass.



Stop denying reality.

Folding from a software perspective is an algorithm. The FAH client downloads work units and folds according to certain instructions.

In folding GuyA and GuyB are both competing to earn as much points as possible just like bitcoin miners compete to have as much hashrate as possible so no folding is mining just a differant kind.

Folding is DEFINITELY not the same as mining.

Folding of random protein shapes is much DIFFERENT than solving algorithms for bitcoin.

[seasonw]

Just noticed this coin, it is interesting...

I have watched the video to install fah, but still have no idea how to earn folding coin, so the "Points" is the coin?

[ComputerGenie]

Just noticed this coin, it is interesting...
I have watched the video to install fah, but still have no idea how to earn folding coin, so the "Points" is the coin?

It can be confusing to new folks.
A certain amount of FLDC are calculated to be given out to folders each day (currently 250,000 FLDC per day).

The total number of coins for that day gets divided evenly among the total number of points that everyone produced (for example, 284,849,429 yesterday) and that determines the "earned" amount for that day. So, for example, everyone that folded yesterday earned ~0.878 FLDC per 1,000 points.

The amount of folders (and the amount of points they produce) changes the amount that you get, since the amount of coins is fixed at xFLDC per day (and x is reduced by half every 900 days).
The total amount earned is then paid out once per month.

This page allows you to look up the current points/payments.
http://foldingcoin.xyz/?token=FLDC&total=250000&start=2017-05-25&end=2017-05-26
The dates can be edited for any time; and if you're looking up multiple days, just make sure to edit the 250000 to represent 250000 times the number of days (i.e., 7500000 for 30 days).

[seasonw]

Just noticed this coin, it is interesting...
I have watched the video to install fah, but still have no idea how to earn folding coin, so the "Points" is the coin?

It can be confusing to new folks.
A certain amount of FLDC are calculated to be given out to folders each day (currently 250,000 FLDC per day).

The total number of coins for that day gets divided evenly among the total number of points that everyone produced (for example, 284,849,429 yesterday) and that determines the "earned" amount for that day. So, for example, everyone that folded yesterday earned ~0.878 FLDC per 1,000 points.

The amount of folders (and the amount of points they produce) changes the amount that you get, since the amount of coins is fixed at xFLDC per day (and x is reduced by half every 900 days).
The total amount earned is then paid out once per month.

This page allows you to look up the current points/payments.
http://foldingcoin.xyz/?token=FLDC&total=250000&start=2017-05-25&end=2017-05-26
The dates can be edited for any time; and if you're looking up multiple days, just make sure to edit the 250000 to represent 250000 times the number of days (i.e., 7500000 for 30 days).

Wow, thank you very much for the information. The link is very helpful 

One more question: How am I going to convert the points to FLDC? I didn't see any FLDC wallet though