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Author Topic: [ANN] [$$$] Money | It's all about the money [$$$]  (Read 4570 times)
anticlimax
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November 17, 2014, 04:28:49 AM
 #41

I'm getting a warm and fuzzy feeling.. Could it be, for once, I'm proud of the community for doing the right thing?

twitter @antiiclimax
Coincoin256
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November 17, 2014, 04:44:56 AM
 #42

I'm getting a warm and fuzzy feeling.. Could it be, for once, I'm proud of the community for doing the right thing?

Seems to be the case.
moneyfoundation (OP)
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November 17, 2014, 11:42:00 AM
 #43

We speak with our dev and management,we will relauch it soon.
With 2 % Premine Only.
Then we have no future investments for Money.
This means no long term,NO Windows,No Mac + Android + ios Wallets.
NO Electrum + multibit + armory.
The crowdfunding site from the management we lose too.
The management will leave our team.

And this for 6 % premine,we just want to make it huge.
But if the community can build all alone.
We will see.

Stay tuned
antonio8
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November 17, 2014, 12:39:47 PM
 #44

We speak with our dev and management,we will relauch it soon.
With 2 % Premine Only.
Then we have no future investments for Money.
This means no long term,NO Windows,No Mac + Android + ios Wallets.
NO Electrum + multibit + armory.
The crowdfunding site from the management we lose too.
The management will leave our team.

And this for 6 % premine,we just want to make it huge.
But if the community can build all alone.
We will see.

Stay tuned

Why relaunch?

Just destroy part of the premine.

If you are going to leave your BTC on an exchange please send it to this address instead 1GH3ub3UUHbU5qDJW5u3E9jZ96ZEmzaXtG, I will at least use the money better than someone who steals it from the exchange. Thanks Wink
moneyfoundation (OP)
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November 17, 2014, 01:12:47 PM
 #45

We want a new fair lauch for the community.
We ann it 1 hr before release.
So all miner have the same chance.

Best
Moneyfoundation
notsofast
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November 17, 2014, 01:13:10 PM
 #46

We speak with our dev and management,we will relauch it soon.
With 2 % Premine Only.
Then we have no future investments for Money.
This means no long term,NO Windows,No Mac + Android + ios Wallets.
NO Electrum + multibit + armory.
The crowdfunding site from the management we lose too.
The management will leave our team.

And this for 6 % premine,we just want to make it huge.
But if the community can build all alone.
We will see.

Stay tuned

Taking away planned features because people in the $$$ "community" (which you haven't built yet) want you to reduce your premine is going to guarantee the failure of your coin.

You launched with this premine vs. block reward configuration, and you have a whole management team that needs to get paid for the work you say they're about to do, which is fine. But it's not the premine your early adopters are worried about, it's the SIZE of the premine relative to the rest of the supply during the early days of your coin.

If you want 6% of something that has value, you're going to need to take steps to preserve that value in the form of building trust that you'll use your premine for bulding features as planned instead of dumping it on the open market as soon as it's big enough. Otherwise the risk is not worthwhile. Even Minerpools would rather close his stratums than risk complaints that he opened a pool for just another dumpcoin-- and he runs a pool FREE for the community (or at least for pool fees in $$$, putting him at the same risk as everyone else).

Get a trusted escrower to hold the funds. Release a detailed development road map and pledge not to receive premine funds until you reach certain milestones. Use that premine to PAY for pools' support, escrow, translations, further code vetting, whatever's needed, especially some good features available on launch or close to it.

Or continue as you are doing, leave planned features intact, but know it will be without much support until you prove you're spending your premine on development and delivery, which will be very difficult without

The community is spread too thin over too many altcoins. The community will not build you a damn thing.

twitter.com/notsofast
ocminer
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November 17, 2014, 01:24:11 PM
 #47

We speak with our dev and management,we will relauch it soon.
With 2 % Premine Only.
Then we have no future investments for Money.
This means no long term,NO Windows,No Mac + Android + ios Wallets.
NO Electrum + multibit + armory.
The crowdfunding site from the management we lose too.
The management will leave our team.

And this for 6 % premine,we just want to make it huge.
But if the community can build all alone.
We will see.

Stay tuned

Taking away planned features because people in the $$$ "community" (which you haven't built yet) want you to reduce your premine is going to guarantee the failure of your coin.

You launched with this premine vs. block reward configuration, and you have a whole management team that needs to get paid for the work you say they're about to do, which is fine. But it's not the premine your early adopters are worried about, it's the SIZE of the premine relative to the rest of the supply during the early days of your coin.

If you want 6% of something that has value, you're going to need to take steps to preserve that value in the form of building trust that you'll use your premine for bulding features as planned instead of dumping it on the open market as soon as it's big enough. Otherwise the risk is not worthwhile. Even Minerpools would rather close his stratums than risk complaints that he opened a pool for just another dumpcoin-- and he runs a pool FREE for the community (or at least for pool fees in $$$, putting him at the same risk as everyone else).

Get a trusted escrower to hold the funds. Release a detailed development road map and pledge not to receive premine funds until you reach certain milestones. Use that premine to PAY for pools' support, escrow, translations, further code vetting, whatever's needed, especially some good features available on launch or close to it.

Or continue as you are doing, leave planned features intact, but know it will be without much support until you prove you're spending your premine on development and delivery, which will be very difficult without

The community is spread too thin over too many altcoins. The community will not build you a damn thing.

I second that, premine amount was simply too big and there were too many "premine dump" scams in the last weeks so people simply dont invest into such coins anymore.

Relaunch with an escrowed premine and you have also my support

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
altcoinherald
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November 17, 2014, 01:30:06 PM
 #48

Good luck on your launch. You've been added to the calendar on today's date: https://alth.co/TgGQq
miningspree
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November 18, 2014, 02:11:06 AM
 #49

We speak with our dev and management,we will relauch it soon.
With 2 % Premine Only.
Then we have no future investments for Money.
This means no long term,NO Windows,No Mac + Android + ios Wallets.
NO Electrum + multibit + armory.
The crowdfunding site from the management we lose too.
The management will leave our team.

And this for 6 % premine,we just want to make it huge.
But if the community can build all alone.
We will see.

Stay tuned

Taking away planned features because people in the $$$ "community" (which you haven't built yet) want you to reduce your premine is going to guarantee the failure of your coin.

You launched with this premine vs. block reward configuration, and you have a whole management team that needs to get paid for the work you say they're about to do, which is fine. But it's not the premine your early adopters are worried about, it's the SIZE of the premine relative to the rest of the supply during the early days of your coin.

If you want 6% of something that has value, you're going to need to take steps to preserve that value in the form of building trust that you'll use your premine for bulding features as planned instead of dumping it on the open market as soon as it's big enough. Otherwise the risk is not worthwhile. Even Minerpools would rather close his stratums than risk complaints that he opened a pool for just another dumpcoin-- and he runs a pool FREE for the community (or at least for pool fees in $$$, putting him at the same risk as everyone else).

Get a trusted escrower to hold the funds. Release a detailed development road map and pledge not to receive premine funds until you reach certain milestones. Use that premine to PAY for pools' support, escrow, translations, further code vetting, whatever's needed, especially some good features available on launch or close to it.

Or continue as you are doing, leave planned features intact, but know it will be without much support until you prove you're spending your premine on development and delivery, which will be very difficult without

The community is spread too thin over too many altcoins. The community will not build you a damn thing.

I second that, premine amount was simply too big and there were too many "premine dump" scams in the last weeks so people simply dont invest into such coins anymore.

Relaunch with an escrowed premine and you have also my support

/thread
CryptoPromotions
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November 18, 2014, 07:34:43 AM
 #50

half the things you said were not possible without 6% premine are already live. so you just need to destroy 5/6 of the premine and the coin is good to go as is.
yonghongtang
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November 18, 2014, 12:59:05 PM
 #51

Such a big premine! Good luck!
avw1982
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November 18, 2014, 01:02:19 PM
 #52

Let's try to mine some of this coin.
minerpools
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November 18, 2014, 04:27:55 PM
 #53

I was contacted by the dev who just explained the premine was reduced in order to have a fair launch.

I'll give it another chance.

james42
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November 19, 2014, 11:12:50 AM
 #54

So is this being relaunched with lower premine? Continuing on with the current launch or what? Has dev just thrown his teddies out the pram?

As someone said, just destroy part of the premine and carry on, I see no need to relaunch.
ocminer
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November 19, 2014, 11:31:34 AM
 #55

It was relaunched yesterday already with reduced premine

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
lifeforcepools
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November 19, 2014, 12:07:09 PM
 #56

http://money.lifeforce.info pools are up

with ports for:
16 - 4096 difficulty vardiff
Fixed: 700 works perfectly with Zeus Machine (14 to 44 MH/s)
30,000 and 40,000 fixed for Mat and KNC 250 MH/s+ Machines

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chrisvl
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November 19, 2014, 12:27:29 PM
 #57

Why premine ?? 9/10 altcoins it's premine if the devs premine the coins then dificulty rise up and then it's hard to mine it.. Anyway good luck

l8nit3
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November 19, 2014, 08:02:06 PM
 #58

Any chance of getting love from an exchange soon? even poloniex, allcrypt, allcoin etc....
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