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Author Topic: Announcing Songcoin - Invest in Music  (Read 68129 times)
dynoman
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September 30, 2014, 06:04:17 PM
 #1



Announcing Songcoin - Altcoin Designed for Investing In Music

Algorithm : Kimoto Gravity Wheel - At block 80000
Number of Coins : 200 Million
Coins on each block : 100 coins
Time between blocks : 2 min
blocks per day : 720 blocks
Total blocks in 4 years : 1.051.200 blocks
Total all coins : 210.240.000 coins
Maturity Coinbase : 100+20






Songcoin KGW Source Code

https://github.com/Songcoin/Songcoin









Mining Pools








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Block Explorer




Premise


Centralization has long characterized the music industry, making it hard for budding artists to distribute their music to the public. The internet revolutionized the music industry, which helped many independent artists build fan bases without caving to the demands of corporate record labels. Songcoin developer David Prince believes the invention of cryptocurrency offers musicians yet another golden opportunity to disrupt the music industry by rewarding listeners for discovering and investing in quality music



With all respect for this community of innovators - Thank you from the Songcoin team









Songcoin - Invest In Music
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Shadow_Runner
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September 30, 2014, 06:04:42 PM
 #2

WAT



{
"blocks" : 5806,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00097655,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 4748286,
"pooledtx" : 0,
"testnet" : false
}
trustcoin
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September 30, 2014, 06:10:05 PM
 #3

https://www.virustotal.com/en/file/01e7fb670e792f691ab1d8ac7283db440a2c860b7d81995dc745a662bb07c910/analysis/1412100486/

clean
Icardi09
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September 30, 2014, 06:10:53 PM
 #4

what is the purpose for 2% pre-mined coins?
it's huge premine i think
jox
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September 30, 2014, 06:12:34 PM
 #5

don't bother, this one is already dead.
looks like 1000block per minute Cheesy
very bad diff retargeting.
already more than 7000 blocks mined.

well done dev. Cheesy Cheesy Cheesy

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jorneyflair
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September 30, 2014, 06:15:36 PM
 #6

dev , any idea of POD?

SecondsOld
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Mr. First Alert!


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September 30, 2014, 06:21:15 PM
 #7

Premine is crazy given the block reward.

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September 30, 2014, 06:23:05 PM
 #8


02:22:43

{
"blocks" : 8753,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00390625,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 61008989,
"pooledtx" : 0,
"testnet" : false
}
 Grin Grin Grin
james42
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September 30, 2014, 06:24:32 PM
 #9

Not installing a wallet using an installer either
nikl
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September 30, 2014, 06:24:48 PM
 #10

Github?
trustcoin
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September 30, 2014, 06:26:09 PM
 #11

Wallet does not have time for sync))
delltop
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delltop


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September 30, 2014, 06:27:49 PM
 #12

Block invalid Huh?
mumak
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here for a while


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September 30, 2014, 06:27:58 PM
 #13

"Difficulty : 3.5 days" Very "high" difficulty!!! Wink

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Sniper76
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September 30, 2014, 06:36:08 PM
 #14

Nice concept.
Waiting for more information Wink
trustcoin
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September 30, 2014, 06:39:51 PM
 #15

Block counter in the debug console burns Grin
kryptologist
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September 30, 2014, 06:42:21 PM
 #16

huge premine
dynoman
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September 30, 2014, 06:44:20 PM
 #17

Premine is crazy given the block reward.

Thanks yes we thought about it a lot, then decided it would be the best way to ensure our best interests for promotional purposes are met. The current hash is high so there's certainly some opportunists out there.


Songcoin - Invest In Music
kryptologist
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September 30, 2014, 06:58:06 PM
 #18

Premine is crazy given the block reward.

Thanks yes we thought about it a lot, then decided it would be the best way to ensure our best interests for promotional purposes are met. The current hash is high so there's certainly some opportunists out there.



Thought about it a lot.... These scams need to stop. Please do not support this coin.

Total all coins : 210.240.000 coins * 0.02 = 4,204,800 coins premined.

Coins on each block : 100 coins
Time between blocks : 2 min

Coins mined per day: 72,000
Coins mined in first week: 504,000 (dev owns 89% of coins)
Coins mined after first month: 2,160,000 (dev owns 66% of coins)

It is only after 4 years is the premine 2%.
Vicodin
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September 30, 2014, 07:04:42 PM
 #19

Enjoy trading the coins with yourself dev

I don't think anyone else is going to want your coins.

I see you are also mining all by yourself first.

Do you see how this is pointless. Unless you are just doing this for a hobby.

What were you thinking? I guess you didn't.

Weird. lol  Roll Eyes
dynoman
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September 30, 2014, 07:06:21 PM
 #20

Premine is crazy given the block reward.

Thanks yes we thought about it a lot, then decided it would be the best way to ensure our best interests for promotional purposes are met. The current hash is high so there's certainly some opportunists out there.



Thought about it a lot.... These scams need to stop. Please do not support this coin.

Total all coins : 210.240.000 coins * 0.02 = 4,204,800 coins premined.

Coins on each block : 100 coins
Time between blocks : 2 min

Coins mined per day: 72,000
Coins mined in first week: 504,000 (dev owns 89% of coins)
Coins mined after first month: 2,160,000 (dev owns 66% of coins)

It is only after 4 years is the premine 2%.

Everyone has strong opinions about premine including ourselves. Early days.  We made the business decision let the future be our judge.

Songcoin - Invest In Music
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