[ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0

[nicojuritz]

Mine for Medicine is a good reason to mine, mine to save a soul.

[SalimNagamato]

8.3M points today
this is getting industrial 

[FoldingCoin]

8.3M points today
this is getting industrial 

Just now starting to pay it out, this is great! Im excited to see so many people begin to fold. This was our 4th highest day of all time

On another note FLDC is proud to be traded on Crypto-Trade now! It might take a couple of days for them to get the wallet on there so check back soon. Here are the links to some other exchanges to be voted on:

https://crypto-trade.com/voting - We just got voted in and it should be on in the next couple of days

https://askcoin.net/votes - We are currently being voted in and have 1900 votes

https://c-cex.com/?id=vote - We are currently being voted in but only have 4 votes

[Jonesd]

I read about this project on Cryptocoinsnews and really like it! Too bad people are unwilling to pay for the crowdsale, but perhaps we just have to wait untill the coins are moe valuable than a 1000 SAT

Why did you create such a short lifespan for the coin? With a billion being mined at a rate of half a million a day, it will be over in less than six years.

[FoldingCoin]

I read about this project on Cryptocoinsnews and really like it! Too bad people are unwilling to pay for the crowdsale, but perhaps we just have to wait untill the coins are moe valuable than a 1000 SAT

Why did you create such a short lifespan for the coin? With a billion being mined at a rate of half a million a day, it will be over in less than six years.

We have about 15% of the crowdsale funded, as we do the distribution we feel people will continue to buy them as its not like any other crowdsale where you are trying to get in on the coin early, but rather its donating BTC to FLDC so we can continue the operation and in return we give you some FLDC.

As for the short life, this is something that will change. Since we are built on Counterparty we have the ability to hold votes from people holding FLDC. So if you have 1 FLDC you get 1 FLDCVOTE coin, if you have 1000 FLDC you get 1000 FLDCVOTE and so forth. The first change will be imlemented on Jan 1 and currently a vote is being held to decide the distribution methodology. If you go to http://foldingcoin.net/index.php/project/coin/ it explains the process.

In order to suggest changes you must go to our private forums at http://letstalkbitcoin.com/forum/post/vote-for-january-1st-change but you must have a linked LTB account to your wallet and you must have at least 1 FLDC. To find out how to do this please watch this video https://www.youtube.com/watch?v=X5vE-zt7wvE

But the vote will be held by all FLDC holders, not just the private forum participants. If you want to suggest the change before the vote though, you must go to the private forums. After the suggestion with the most likes is decided then the VOTE coins get distributed to all FLDC holders and they will then send those VOTE coins to implement the change or not. Similar To how SWARM does their voting method.

Currently the sugestion for distribution that will most likely be implemented is as follows:

Once 500,000,000 FLDC are distributed change the daily distribution to 250,000 FLDC
Once 750,000,000 FLDC are distributed, change the daily distribution to 125,000 FLDC
Once 875,000,000 FLDC are distributed, change the daily distribution to 62,500 FLDC
Once 937,500,000 FLDC are distributed, change the daily distribution to 31,250 FLDC
Once 968,750,000 FLDC are distributed, change the daily distribution to 15,625 FLDC
And so on

[FoldingCoin]

Hope everyone had a great holiday weekend

Sorry about all the delays this weekend, I went to visit family out of town and pretty much left all work at home. I am back now though and ready for the week. Distribution has been paid now for yesterday and today so you should receive your funds momentarily, thanks everyone!

[SalimNagamato]

http://foldingcoin.net/FLDC-Daily-Payout-Summaries/last7days.html
didn't update today

oh
and i'm FLDC millionaire
folding with 2 out of 3 GPUs(third PC refuses to fold...) since ~September

[FoldingCoin]

http://foldingcoin.net/FLDC-Daily-Payout-Summaries/last7days.html
didn't update today

oh
and i'm FLDC millionaire
folding with 2 out of 3 GPUs(third PC refuses to fold...) since ~September

Thank you very much, me and James are looking into this right away! We have to withhold payment until this is resolved. Hopefully we should have it up tonight, I will update as we go along.

Im glad your a FLDC millionaire!!! Theres only a handfull of us right now

[FoldingCoin]

Looks like multi-sig will be live in production on Counterparty in about a week (block 333500) so next time you guys want to update your coldest storage it should be there for you. Thanks for the referral payments as well!

We will once this is available right away, thank you for the information!

Also as an FYI we just got the issue figured out with the daily summaries not uploading. They are uploaded and we are now paying out the FLDC from today and the stats will appear tonight in a couple hours on the daily summaries page http://foldingcoin.net/FLDC-Daily-Payout-Summaries/last7days.html

But you can view it now if you go to http://foldingcoin.net/FLDC-Daily-Payout-Summaries/20141202.html

Also the VOTE coin has been sent out for the first FLDC vote! Everyone will be voting on the following change:

The distribution needs to be lowered every time the total amount of undistributed coins halves. This will allow the early adopters to be able to continue to get a lot of coins early on and at the same time allow new users years from now to still be able to earn a reasonable amount of FLDC. This system will be similar to the BTC blocks halving every 4 years. Most other altcoins do not use that kind of system due to difficulty fluctuating from crypto switching software. But as you all know, FLDC is immune from those programs.

Once 500,000,000 FLDC are distributed change the daily distribution to 250,000 FLDC

Once 750,000,000 FLDC are distributed, change the daily distribution to 125,000 FLDC

Once 875,000,000 FLDC are distributed, change the daily distribution to 62,500 FLDC

Once 937,500,000 FLDC are distributed, change the daily distribution to 31,250 FLDC

Once 968,750,000 FLDC are distributed, change the daily distribution to 15,625 FLDC

And so on

To vote YES for change send your FLDCVOTEI to -

14TToQacby7qxiMUxSEwRESacjSmfBjfz5



To vote NO for change send your FLDCVOTEI to -

1KCnK74ceyzHgA3sHKNFneQoD5XrbTS9bb



For a NO VOTE for change send your FLDCVOTEI to -

1C643WVFEV6pMcurJHpm2yxmUCXXcx3ctt

[FoldingCoin]

The vote is on! It's great to see this in action. I wonder what turnout will be. Will we have to show id?  

Thats the beautiful thing my friend, your FLDC wallet is your ID

No recount in florida needed #AlGore

[FoldingCoin]

Just posted a couple threads on reddit in regards to this vote. Here's the one in r/Bitcoin. The other is in r/Counterparty_XCP.

http://www.reddit.com/r/Bitcoin/comments/2o7p3b/foldingcoin_is_using_bitcoin_and_counterparty_to/

Thanks Weex, I will now stay involved in that thread

[SalimNagamato]

democracy in action

[FoldingCoin]

democracy in action

Yes it is

Everyone make sure to cast your suggestions at http://letstalkbitcoin.com/forum/post/vote-for-february-2015-change

Keep your minds open about anything that you think could make FLDC a better coin. You can even write up a way to change the way that we do the votes, or even change the logo of FoldingCoin itself. I would love to see activity on these vote forums to really start getting ideas out there on ways we could improve FLDC. Even if something doesnt pass, the idea will still have been read by many and new ideas can evolve from old ideas.

[SalimNagamato]

I don't understand how ICO coins get so many BTC, they don't bring anything new... hash and dump.
and the crowd sale of FLDC was not eaten yet ?

something is very wrong

[FoldingCoin]

I don't understand how ICO coins get so many BTC, they don't bring anything new... hash and dump.
and the crowd sale of FLDC was not eaten yet ?

something is very wrong

Well the big thing here is I feel we marketed the crowdsale improperly. This is not an ICO but rather a "donate to FoldingCoin Inc and we will give you FLDC in return" kind of idea. All the coins sold in the crowdsale have been earned by the developers folding hardware and not an initial offering. So when people see this, they know they can get them cheaper off of Masterxchange or CP exchange so they tend to buy there.

We are working on better verbage for the site so that way people know its more of a donational thing, because I would actually preferr people to buy directly off the folders to help pay for the electrical costs that its takes to run their hardware.

[FoldingCoin]

We have been moving over to our new website tonight, check it out http:/foldingcoin.net

Some links in this forum and other sources may be broken right now, so please be patient as we go through and try to fix all of these

[SalimNagamato]

newest Linux drivers for AMD are working fine with folding@home...
I didn't know that
now folding with some more power
I guess no more X1* coins for me, for now

[K210]

@very good project you have here, are there any exchanges apart from masterxchange and counterparty that trade FLDC?

[FoldingCoin]

@very good project you have here, are there any exchanges apart from masterxchange and counterparty that trade FLDC?

This is something we have been working on but the short answer in no at this time. You can vote for FLDC to get on https://askcoin.net/votes and on https://c-cex.com/?id=vote and it recently won on the https://crypto-trade.com/voting but they seem to have not added it yet. I am trying to contact them to find out what is going on.

Thank you for the kind words as well

[1echo]

any exchanges running this?