Let me know if there are any other thoughts.
My suggestion for now:
Triangles, An Innovative Currency Sponsors PICISI
By now, just about everyone has heard of Bitcoin (btc) and how it is used to make payments over the internet. For most, that is the extent of what they know about digital currency and cryptocurrency.
There are over 2000 different cryptocurrencies (CC) in existence today. This was largely inspired by the enormous success of btc and the relative ease of creating a new currency. However, many developers have quickly learned that ‘just because you build it doesn’t mean they will come’, 70% of the CC have no traction. CC developers must distinguish themselves from the pack, they must be stronger, bigger, faster, and/or have more features to attract investors. Once you have a community then utility will determine longevity.
Triangles is a CC that distinguished itself in many ways and is now making a move towards more utility.
The following interview highlights a bit of Triangles’ history, their present activities, and one of their future plans.
EG: “Tell me about Triangles?”
TRI: “Triangles was created on July 16, 2014. This was part of the era in which you could get a very good return for mining altcoins. Mining periods were typically under two weeks, and after that, the altcoin would have a market cap of around $20,000 or so. Once decent features were released and people realized that the coin existed and what it could do (usually when it got onto mintpal/cryptsy -- bittrex and polo were lesser exchanges then), the market cap would shoot into the hundreds of thousands or even millions ...”
[Let’s pause for a moment, the interview was a bit technical, I’ll try provide some clarifications. ‘Coin’ means CC. Mining is the process by which currency is literally created from nothing, the value of that currency is dependant on open market demand. CCs are mainly bought and sold at CC exchanges eg: Mintpal (currently out of business) , Cryptsy (a leading CC exchange), Bittrex, and Poloniex]
TRI: “... TRI had a fair launch with no premine and no instamine, and it was going to have a very low amount of coins in circulation. Also, ipoMiner added it. Most coins ipoMiner added did well at this time. So, a decent number of people started mining TRI.”
[‘Fair launch’ essentially means open notice is given about a CC launch and necessary mining instructions are available. A ‘premine’ means the developer started mining before telling anyone else, about the endeavor. An ‘instamine’ is a very large amount of CC being disproportionately distributed to a very small group of miners over a very short period of time. Although premines and instamines have their legitimate place in most cases the practice is frowned upon by the mining community.]
EG: “How was TRI designed to stand out?”
TRI: “ … The only thing special about the coin at launch was that it went over the TOR network and some amount of work was put into it ...”
EG: “So how did things change?”
TRI: “ … The light mood darkened once the blockchain stalled. A lot of miners in that era just left coins on the pool and withdrew to exchanges so they didn’t have to deal with desktop wallets; either because they were afraid of malware or they were just too lazy to set one up.”
[The blockchain is a public ledger that records every transaction regarding a particular CC … ‘Pool’ refers to a gathering of miners who work together to increase their chances of finding CC rewards ... and ‘wallets’ are electronic holders of digital currency. The blockchain grows as different computers called nodes agree that specific transactions are valid.]
TRI: “The dev only compiled mac wallets, leaving community members to compile windows wallets, which resulted in far fewer stakers than there would have normally been as the ANN thread is more trusted than random members. Over 40 confirmations were needed to confirm a staked block and many people were keeping their coins on pools and exchanges. This resulted in the blockchain stalling. Syncing was also difficult as there were various forks …”
[‘Confirmations’ are the number of times nodes agree on a specific transaction, ‘stake’ is open saving that allows the system to operate via your open wallet as opposed to mining, ‘forks’ are new travel path options for a blockchain]
“ … Wurstgelee, one of the miners who compiled some of the earlier windows wallets, decided to get everyone on the right fork and fix the stuck chain. In late August, Wurstgelee rewrote the code ... to only require between 4 and 7 confirmations for staked blocks. At first, difficulty was so low that clients with a lot of coins kept forking off onto a separate chain. ... soon difficulty rose … Wurstgelee released a new wallet, which featured secure messaging over TOR, a hardcoded seednode, and other improvements.”
[‘difficulty’ is the amount of work necessary to solve a problem in order to receive the CC reward, and ‘client’ is another word for ‘wallet’.]
“Another miner, NightmareLev8, developed an innovative faucet, available here:
https://faucet.triangles.technology/ in October.”
EG: “So what’s new about TRI?”
TRI: “He [NightmareLev8] had been working on a trading app for some time and decided to try to use his code to increase the value of TRI. TRIder was first announced October 5 The latest and first public release was March 18:
https://bitcointalk.org/index.php?topic=820103.msg10817286#msg10817286 ...”
“... TRIder is an App that allows you to trade cryptocurrencies with your bittrex account on your Android device. It is downloadable from the Google Play store.
If you want to trade with TRIder you … enter your API credentials from your Bittrex Account. Your API information is encrypted with a password you will choose once prompted by the App and is only stored on your device. TRIder does not require the "Withdraw" permission in the API credentials so you don't have to worry about theft ... ”
EG: “Why did you become a PICISI sponsor?”
TRI: “... it seemed like an interesting idea for a site and we thought [it] might give us some much needed exposure.”
[PICISI is designed to help CCs by providing exposure opportunities as a: host CC sponsor, perk sponsor, campaign sponsor, video sponsor, etc … PICISI.com provides a means to get CC in the hands of donors and multiple means for a CC to be utilized as a currency: for donation, for sponsorship payment, and/or for contractor services payment . The more a CC is used the stronger it will be.]
Triangles has a low supply: 55,396, TRI nodes go over a very secure (TOR) network and has a wallet with an encrypted messaging feature. To receive free Triangles currency go here:
https://faucet.triangles.technology/The TRIder App allows you to trade cryptocurrencies with your bittrex account on an Android device, the App is available here:
https://play.google.com/store/apps/details?id=com.tri.triderHere's the original thing I wrote:
Hi,
Sorry for taking so long to respond. I wrote the history of Triangles for you:
The History of Triangles
The original bitcointalk announcement for Triangles was made on July 16, 2014. This was part of the era in which you could get a very good return for mining altcoins. Mining periods were typically under two weeks, and after that, the altcoin would have a market cap of around $20,000 or so. Once decent features were released and people realized that the coin existed and what it could do (usually when it got onto mintpal/cryptsy -- bittrex and polo were lesser exchanges then), the market cap would shoot into the hundreds of thousands or even millions.
TRI had a fair launch with no premine and no instamine, and it was going to have a very low amount of coins in circulation. Also, ipoMiner added it. Most coins ipoMiner added did well at this time. So, a decent number of people started mining TRI.
The only thing special about the coin at launch was that it went over the TOR network and some amount of work was put into it to make it do so. It wasn’t just a direct fork. Going over TOR was somewhat hot at the time as RZR had a $500k market cap then and was at over a million only a few weeks earlier.
The tagline for TRI was “because you know why,” which made it seem like there would be more features after POW was over. The community played off of this to somewhat humorous effect. Basically, the answer to every question was, "You know why." Also, image macros, etc. ie:
https://bitcointalk.org/index.php?topic=697634.msg7903781#msg7903781 --
https://bitcointalk.org/index.php?topic=697634.msg7904198#msg7904198 --
https://bitcointalk.org/index.php?topic=697634.msg7886546#msg7886546 --
https://bitcointalk.org/index.php?topic=697634.msg7886617#msg7886617 --
Illuminati references to the triangle were also made:
https://bitcointalk.org/index.php?topic=697634.msg7913305#msg7913305The light mood darkened once the blockchain stalled.
A lot of miners in that era just left coins on the pool and withdrew to exchanges so they didn’t have to deal with desktop wallets; either because they were afraid of malware or they were just too lazy to set one up.
The dev only compiled mac wallets, leaving community members to compile windows wallets, which resulted in far fewer stakers than there would have normally been as the ANN thread is more trusted than random members. Over 40 confirmations were needed to confirm a staked block and many people were keeping their coins on pools and exchanges. This resulted in the blockchain stalling. Syncing was also difficult as there were various forks. The dev then started blaming everyone, including those who tried to help by compiling windows wallets, stating, ‘As I said earlier - "your" coins do not move because "you" do not stake them, and "you" have messed it all up by building all kinds of shit-wallets here and there instead of staying to the core. Basically - you individually hard-forked it to your death with all these shit-versions of the wallet that I see on the peers.’ -- source:
https://bitcointalk.org/index.php?topic=697634.msg8111479#msg8111479Wurstgelee, one of the devs who compiled some of the earlier windows wallets, decided to get everyone on the right fork and fix the stuck chain. In late August, Wurstgelee rewrote the code to only require between 4 and 7 confirmations for staked blocks. At first, difficulty was so low that clients with a lot of coins kept forking off onto a separate chain. We used the following method to keep getting back to the right chain:
https://bitcointalk.org/index.php?topic=697634.msg8612611#msg8612611 and soon difficulty rose. In early October, Wurstgelee released a new wallet, which was migrated to QT5 and featured a refactored codebase, secure messaging over TOR, a hardcoded seednode (no need for "-connect" or "-addnode" or downloading peers.dat), and working localisation/language files, and coin control (enable it in options if u need/want it) -- source:
https://bitcointalk.org/index.php?topic=697634.msg9073389#msg9073389The wallet also had a small problem, in which addresses would stop staking after building up 100 inputs, which would happen after staking for several weeks. You then had to send the inputs to yourself in order to start staking again. Wurstgelee fixed that problem in the December release.
NightmareLev8, who was compiling the mac wallets for Wurstgelee, came up with an innovative faucet for TRI – see:
https://bitcointalk.org/index.php?topic=697634.msg8646468#msg8646468He completed the faucet, available here:
https://faucet.triangles.technology/ in October.
He had been working on a trading app for some time and decided to try to use his code to increase the value of TRI. TRIder was first announced October 5:
https://bitcointalk.org/index.php?topic=697634.msg9096025#msg9096025The latest and first public release was March 18:
https://bitcointalk.org/index.php?topic=820103.msg10817286#msg10817286TRIder is an App that allows you to trade cryptocurrencies with your bittrex account on your Android device. It is downloadable from the Google Play store here:
https://play.google.com/store/apps/details?id=com.tri.triderIf you want to trade with TRIder you need to enter your API credentials from your Bittrex Account. Your API information is encrypted with a password you will choose once prompted by the App and is only stored on your device. TRIder does not require the "Withdraw" permission in the API credentials so you don't have to worry about theft. You need a certain amount of TRI in your Bittrex balance in order to open orders in any Bittrex currency pair with TRIder. The formula is on the ANN page here:
https://bitcointalk.org/index.php?topic=820103.0 -- With the current version of the app, you need to hold 20.5 TRI in order to have 1.568 BTC in open orders.
Sidenote:
If we need to do Charity/crowdfunding, can it be tongue-in-cheek? How about: The illuminati Triangles Fund – Because the Illuminati don’t have enough already.
Thank you
