[ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0

[Will H]

Guys,  don´t forget the FOLDERPEPE merged folding promotion is still ongoing!...

You mean the token that costs more to multiply relist, trying to sell it, than you can sell it for?  

@Helene
As usual, you show your refusal to read the actual words people are using (as well as your female equivalent of fanboy status).  

You're confusing the "cost to transfer" and the "cost to trade".  

As usual, you show your refusal to accept the fact that you are unfamiliar with how trading on the Counterparty DEX works. Placing a sell or buy order also is just like sending any other BTC-based counterparty TX with the corresponding miners fee. Please inspect any trading pair on the DEX in Counterwallet and notice that the same Bitcoin fee button you can find when setting up a send TX in counterwallet also exists on the form where you place your buy and sell TRADING orders. The button lets you choose between "Normal Priority", "Low Priority (Cheaper)" and "Custom Fee". Before placing an order, you need to first consult the current state of mempool saturation to verify what fee in sat/byte will result in your order being confirmed within the desired time frame (same as when making a regular send TX). You choose the fee that is adequate to get your order posted on the DEX within the desired number of blocks. So according to in how much of a hurry you are, you choose the minimum amount in sat/bytes to accomplish the task. Not exactly rocket science, but apparently needed to be explained as some people are not aware of how it works.

Fun fact: an order placed on the DEX results in a Bitcoin transaction of size 257 bytes, which is smaller than a regular token sending TX (264 bytes minimum if using a single input TX). So taking that into consideration, the resulting total bitcoin fee for placing a DEX order will actually be even SMALLER than what I stated earlier about regular sending TXs. Sorry to break it to you, but cost to trade on counterparty is cheaper than cost to send a regular TX. And regarding your poor attempt at labeling me "female equivalent of fanboy" let me enlighten you: I am the official social media representative of Foldingcoin.

I'm here to watch the drama unfold *ba-dum-tshh*

@ComputerGenie:
Fees are a motherfucker. But then again there's a reason and a purpose for it. There was a comment over on the XCP thread that's interesting:

My suggestion is to create an off-chain version of the DEX that settles periodically to reduce fees and allows for instant transactions.

I would contribute towards this.

It's very doable. Free, instant order placing can be offered by a 3rd party market maker. Signed orders are generated locally and sent to the market maker. He scans all orders, updates the order book in real time, and broadcasts only matching orders. Unmatched orders are deleted, i.e. never broadcast to the BTC network.

The market maker can charge some fees for their services, thus a business opportunity.

Outlined more in detail here : https://counterpartytalk.org/t/instant-free-orders-on-dex-why-not/3579

btw curious to know if you have FANTOKEN? They were sent to folders ages ago.

@heunland:
I think he's referring to the relisting on the DEX. Isn't there a time limit for how long things can be listed on the DEX? So, when orders aren't filled he has to relist and pay another fee. Either way, the detailed replies and explanations are appreciated.


@ComputerGenie & @heunland:
The female equivalent of fanboy would be fangirl, woudn't it? Makes sense. Now kiss and make up, let's all get along!

[oleksii777]

When will the coin again cost 1000 Satoshi ?? Is this really real? Very much the coin has fallen in the price !!!

[eeeooommm]

btw curious to know if you have FANTOKEN? They were sent to folders ages ago.

That was a limited offer that started on November 2015 and has ended.


For some time now the merged folding is on hold. When the new merged folding platform is ready, anyone will be able to distribute their tokens to the FoldingCoin users and new tokens are expected to be distributed. Check out the official FoldingCoin Workflow website (https://trello.com/b/dYeuIZ7y/foldingcoin-workflow) to see when the new platform will be ready.

 

[heunland]

@heunland:
I think he's referring to the relisting on the DEX. Isn't there a time limit for how long things can be listed on the DEX? So, when orders aren't filled he has to relist and pay another fee. Either way, the detailed replies and explanations are appreciated.

Regarding  the time the listing on the DEX will last before expiring, that depends on what wallet you used to place the order. I believe on Counterwallet the default is around 5 days (it is actually expressed in a number of blocks, time in days may vary). If you use Book of Orbs I think actually the listing lasts about 30 days but I would have to confirm that with the folks at Indiesquare. Rarepepewallet.com also uses their own default listing time. So if the user wants their listing to last longer, they can use the adequate wallet for that, or learn how to craft their order manually so they can decide for themselves how long they want the order to last. I suppose it would be a nice advanced feature for any app that deals with the DEX to offer the user an option to set the number of blocks the offer stays open themselves. As with everything in counterparty, if you put up a bounty for that feature to be implemented, most likely a dev will work on it. Don´t expect people to do this work for free, Counterparty devs are not getting a salary for this kind of stuff. Counterparty never did an ICO so the project doesn´t have money to be paying people other than from donations and bounties.

[oleksii777]

Tell me there is fresh news on the coin? When does the coin grow in value? What is the course of the coin is not very happy!

[m4nki]

FoldingCoin is one of the few projects that actually have a significant real world usecase.

Thanks for doing your part to help society - looking forward to the merged folding program.

[Will H]

btw curious to know if you have FANTOKEN? They were sent to folders ages ago.

That was a limited offer that started on November 2015 and has ended.


For some time now the merged folding is on hold. When the new merged folding platform is ready, anyone will be able to distribute their tokens to the FoldingCoin users and new tokens are expected to be distributed. Check out the official FoldingCoin Workflow website (https://trello.com/b/dYeuIZ7y/foldingcoin-workflow) to see when the new platform will be ready.

 

Yeah, was just curious if @ComputerGenie had any.

Anyway, sounds good. It might be something I'd use. It depends though, what have you been paying on average distributing foldingcoin this year?

[ComputerGenie]

Yeah, was just curious if @ComputerGenie had any.

No, but I do still got 0.00062074MAGICFLDC that I couldn't dump

[eeeooommm]

btw curious to know if you have FANTOKEN? They were sent to folders ages ago.

That was a limited offer that started on November 2015 and has ended.


For some time now the merged folding is on hold. When the new merged folding platform is ready, anyone will be able to distribute their tokens to the FoldingCoin users and new tokens are expected to be distributed. Check out the official FoldingCoin Workflow website (https://trello.com/b/dYeuIZ7y/foldingcoin-workflow) to see when the new platform will be ready.

 

Yeah, was just curious if @ComputerGenie had any.

Anyway, sounds good. It might be something I'd use. It depends though, what have you been paying on average distributing foldingcoin this year?

You can find that info here (http://foldingcoin.net/news/) by opening the link of every public meeting. For example, the distribution for July (August 2017 public meeting) costed 0.4925 BTC.

[oleksii777]

Tell me there is already an updated road map of the coin?

[eeeooommm]

Tell me there is already an updated road map of the coin?

You can find that on Trello (https://trello.com/b/dYeuIZ7y/foldingcoin-workflow) or if you are more technically inclined, you could try our developers page on TAIGA (https://tree.taiga.io/project/strungsafe-fldc-api/epics).

 

[Will H]

Yeah, was just curious if @ComputerGenie had any.

No, but I do still got 0.00062074MAGICFLDC that I couldn't dump

Want to add FANTOKEN to your list of tokens that aren't worth the fee to dump? You can get some here.

These tokens aren't really meant to be traded, but rather shared. You're supposed to have some in your wallet, kick back with a few beers or the substance of your choice and listen to some music.

If we end up with enough streams we can distribute bitcoin to token holders! If we're not getting enough streams to make a bitcoin distribution feasible, yet there's a minor profit, we could use other tokens like foldingcoin for the distribution.

Basically: Get some tokens, put on a playlist in the background, have fun and don't expect much.

[Will H]

btw curious to know if you have FANTOKEN? They were sent to folders ages ago.

That was a limited offer that started on November 2015 and has ended.


For some time now the merged folding is on hold. When the new merged folding platform is ready, anyone will be able to distribute their tokens to the FoldingCoin users and new tokens are expected to be distributed. Check out the official FoldingCoin Workflow website (https://trello.com/b/dYeuIZ7y/foldingcoin-workflow) to see when the new platform will be ready.

 

Yeah, was just curious if @ComputerGenie had any.

Anyway, sounds good. It might be something I'd use. It depends though, what have you been paying on average distributing foldingcoin this year?

You can find that info here (http://foldingcoin.net/news/) by opening the link of every public meeting. For example, the distribution for July (August 2017 public meeting) costed 0.4925 BTC.

Thanks for the info!

I assume merged folding participants would have to pay the same amount for their distribution? Which seems to be around 0.5 BTC for every 1000 folders.

That brings up another question. If foldingcoin were to grow 100x or 1000x in terms of the amount of folders, what's the plan on sustaining these distributions? 

[eeeooommm]

btw curious to know if you have FANTOKEN? They were sent to folders ages ago.

That was a limited offer that started on November 2015 and has ended.


For some time now the merged folding is on hold. When the new merged folding platform is ready, anyone will be able to distribute their tokens to the FoldingCoin users and new tokens are expected to be distributed. Check out the official FoldingCoin Workflow website (https://trello.com/b/dYeuIZ7y/foldingcoin-workflow) to see when the new platform will be ready.

 

Yeah, was just curious if @ComputerGenie had any.

Anyway, sounds good. It might be something I'd use. It depends though, what have you been paying on average distributing foldingcoin this year?

You can find that info here (http://foldingcoin.net/news/) by opening the link of every public meeting. For example, the distribution for July (August 2017 public meeting) costed 0.4925 BTC.

Thanks for the info!

I assume merged folding participants would have to pay the same amount for their distribution? Which seems to be around 0.5 BTC for every 1000 folders.

That brings up another question. If foldingcoin were to grow 100x or 1000x in terms of the amount of folders, what's the plan on sustaining these distributions? 

FoldingCoin will only provide the platform. From that point on everyone who wishes to use it will be able to, without FoldingCoin's supervision. Of course everyone using it will have to pay whatever fees come along on the network.
As for your other question, by the time we grow that much (not an easy task), i expect that because of technologies / updates like segwit and lightning network the fees will drop considerably.

[pilonchik]

Is the coin still alive? maybe there is a canal in Slack

[xandry]

Is the coin still alive? maybe there is a canal in Slack

From previous page:

To get in touch with the team please follow the instructions here (http://foldingcoin.net/2017/07/slack-auto-join-temporarily-disabled/) to join our slack.

[donarito]

good bounceback is coming

[nightshade_sc]

Having difficulty with Trello, do they have any other means for communication?

[eeeooommm]

Having difficulty with Trello, do they have any other means for communication?

For a more technical view of the projects the team is working on, you can go here (https://tree.taiga.io/project/strungsafe-fldc-api/epics).
To chat with the team and the rest of the community, you can follow the instructions here (http://foldingcoin.net/2017/07/slack-auto-join-temporarily-disabled/) to join the slack channel.

 

[azmojo]

OK, first post of page 100. Go Folding Coin!