[ANN] OCTO - Resurrect 888 - New Counterparty Asset

[cabbage2014]

Mine shut down

Ok 35Mh A2 pointed at octo.  Until all transactions confirmed and everyones happy:)

[1715158054]

1715158054

[madmartyk]

Mine shut down

Ok 35Mh A2 pointed at octo.  Until all transactions confirmed and everyones happy:)

Thanks!!

[OCTOPARTY]

Wow. Good day for Bitcoin. Counterparty has also creeped back up to $1.69

[madmartyk]

Sold my NXT at a good profit, and the rise in BTC makes me happy!!! 

[OCTOPARTY]

This shows the initial plan for merged mining on FoldingCoin. You see the year, the daily amount for the year and the yearly total. The 2015 total does not include 365 days, where 2016-2022 includes all 365 days.

2015     19726           5878348
2016     11506           4199690
2017   9863           3599995
2018     8219           2999935
2019     6575           2399875
2020     4931           1799815
2021     3287           1199755
2022     1643           599695

So the total to be mined over 8 years is 22677108 OCTO. The remainder to make it an even 23 million is 322892.

We will set up a monthly faucet over the the LTB general forum. People can post their Counterparty addresses on the forum and we will distribute OCTO monthly. The faucet will be set up as a lottery faucet, so each month, you won't know how much OCTO is being given out. This will be a trial/test for the same type of faucet to be set up on the OCTO website in the near future.

We will probably need to recruit someone to run the LTB and OCTO faucets. I think it will be a good experience for someone to learn how to do batch processes to release funds to multiple addresses. It's something I'm going to learn from Robert. We may even do it by putting the OCTO funds in a multi sig wallet and recruit 3 people. That way, 2/3 signatures will be needed to release the funds monthly. That will also allow the 3rd person to not have to be there as far as planning. Or I may make myself the 3rd if there is no interest.

For now, go mine medicine and earn them tokens! Remember you can earn more than just OCTO there and it's for a great cause! You have 8 years to mine but this first calendar year is 19726 a month and there are only a total of 261 current folders at the moment, some of which may not even be receiving OCTO. But over the years that may change drastically.

[hashbrown9000]

I'd be interested in being one of those 3 people for the multi-sig wallet. I'm at my computer daily for many hours!

2nd: what is our team number when initially setting up our identity?

[FoldingCoin]

This shows the initial plan for merged mining on FoldingCoin. You see the year, the daily amount for the year and the yearly total. The 2015 total does not include 365 days, where 2016-2022 includes all 365 days.

2015     19726           5878348
2016     11506           4199690
2017   9863           3599995
2018     8219           2999935
2019     6575           2399875
2020     4931           1799815
2021     3287           1199755
2022     1643           599695

So the total to be mined over 8 years is 22677108 OCTO. The remainder to make it an even 23 million is 322892.

We will set up a monthly faucet over the the LTB general forum. People can post their Counterparty addresses on the forum and we will distribute OCTO monthly. The faucet will be set up as a lottery faucet, so each month, you won't know how much OCTO is being given out. This will be a trial/test for the same type of faucet to be set up on the OCTO website in the near future.

We will probably need to recruit someone to run the LTB and OCTO faucets. I think it will be a good experience for someone to learn how to do batch processes to release funds to multiple addresses. It's something I'm going to learn from Robert. We may even do it by putting the OCTO funds in a multi sig wallet and recruit 3 people. That way, 2/3 signatures will be needed to release the funds monthly. That will also allow the 3rd person to not have to be there as far as planning. Or I may make myself the 3rd if there is no interest.

For now, go mine medicine and earn them tokens! Remember you can earn more than just OCTO there and it's for a great cause! You have 8 years to mine but this first calendar year is 19726 a month and there are only a total of 261 current folders at the moment, some of which may not even be receiving OCTO. But over the years that may change drastically.

In case you didnt know, you can add people as moderators to the private forums

[FoldingCoin]

I'd be interested in being one of those 3 people for the multi-sig wallet. I'm at my computer daily for many hours!

2nd: what is our team number when initially setting up our identity?

Multi sig is ready for counterparty, but you may want it to develop a little more before implementing it at this time

[FoldingCoin]

So everything has been fully verified and the only 3 transactions that have not been verified are one for 818 OCTO - 6a7d668448fcbf5a9ce8eeb5777730748855f24117ade02abb3e3856a59a1eb2 and one for 0.88888888 - ea9e891c3e5b987bab1e48057914024ebf3965b2951b351d32af8f97f4ed015c and one for 0.44444444 - d273e742772525cc274b8f0f5df357732758f65c6996e51f679dbdd66623c5a3

Here is the final document of payouts for the burn https://docs.google.com/spreadsheets/d/14ZFfxgmRAeukUN8vcPHIaxAdue_-eGzc9dD5yhDL-Vc/pubhtml for a total of 19594174.07 OCTO to be distributed. Since everything is verified I am creating the distribution address.

Thanks everyone, will post back here in a little bit

[FoldingCoin]

So the distribution address has been created. Kris, you need to send EXACTLY:

• 19594174.07299753 OCTO
• and
• 0.00222 BTC

To the following BTC address:


13vJM3U5TvMSAwvhAtNWqi4KgvkNasUEii


That will distribute out to the 37 burners 19,594,174.07299753 and here is the exact breakdown of recipients and the total amount of OCTO they will receive:


1KwQxF4ZNZRosTLNNqFaH9zWjTkNEJbR7Q   1,264,013.65326356
1ADHMo6KGgJZRxrPUYUUVGFYeZ2noAfDRQ   539,168.66630000
1PU5WZCb6Tij4R7HD4EYiyqJAZvfp836Dj   605,700.00000000
12exVAGkv8XjuEv8g5PCirJM749311wo6r   7,242.00000000
1LKdNrJbEDQPcQmcwdFLiEkzaQLKXUqjQM   11,784.00000000
18JvkeYqSZfPkdj5yGyb3zb2eEexcHaDpx   8,502.32925400
1PkfomkLBuLhYtDgrwgboXfpJotDA8gkjT   114.55731370
1BYnoxuP4a35c3MCtmtpBHkqLYEVm3hCcp   44,075.97884000
161kRh24UQpSWx9hLSneZpedRtDPYr823L   579,470.25930000
12uWfvwNhPfWxTxERtGURm9XxvdQ4U3X56   113,721.00000000
1MtzLp6ZgxFfTYEgKqwZBrRgv7oe3WstHU   165,026.45650000
1A8VAJE465cJyP3Lhx1ndQQ7FzBqdYB8GL   86,700.00000000
12XmyDrmLaSET6fmgAUk5NDeZrL5BN9Qcc   76,141.00000000
1JXSpqC76izgCvhVvpbQmizM6fYVSjEyBd   109,429.00000000
1FLyThjyJtw3cTiHNGdk1Ks7wjYqmwDPYp   80,000.00000000
191D7fHD38MdGYfpn7aDApDr3js3TxD5Zm   21,108.59750000
15BfDCHgXbokh7fNq5d8GAHLHW6zXyjPa3   1,579,135.00000000
1Fh3vLqZxvv7j1YDtnacqiJkvdWbCHGPCi   41,386.00000000
1BkaQxZvBqhWVztZ7XUHaNE1QyWHR889Ly   750,672.00000000
1NGw5isEd7hAfH1tNiFX5F2CWKz7D7jTKo   1,157,109.86500000
1GSt5RtCvmiUZz1ebkSE3QxTFLorfXP6Bm   20,511.77702000
192nDfFWmBTPd8R3cuhJ22roAP923dD9W2   30,390.00000000
1HK1GV1tyB4ySJjgxGvxnhC8v3FKsAhpgi   7,255.00000000
15v7thTvTBboKhMAwqBWMBkZqbrSLj1kcm   1,396,066.00000000
13HWhNZS4gZ38g2LiBcYxHuxRHseaWWroW   200,209.00000000
1A4wpR34AWCiTb3Go63zjuVGRb6E8ow3jZ   185,399.00000000
16Xhu2F4gM7XgMcSXNaWhxkz7YmNcZxKzC   6,026.52213800
1Q1FfD46MFosv3k7T1C5wAxUYEZ3HBWP4q   1.69998647
17KAHzZqjg9wmBhGahzSpGE2wS7sZ45BAQ   355,215.78880000
1KSvQCYZWp9GoUdprEdA8E6jLW45BVcZqW   6,914,576.47200000
1F2bnyqqW2yKtSbQ3qkNAagnjGiAM5VC8g   259,390.00000000
1PBwTiXhr1M3dqDyH1WjL5XJGnwXRVKZgd   1,110,325.04080000
1HGiNEiz2XJkMtEVyCgqorA7NdAT9TjAYn   1,022,691.39080000
13f33D5Km4har8V9xiSv1ZFgDddBq6bwGV -    113,325.01818180
1AhK6mLA8YP2i9KHMMJHQKXrjZ224mtFXR   299,994.00000000
1H8BcPq5MNGHYcYXTkG4Q2VR2WhbPnmw2c   328,934.00000000
1JpeoYpzJErdjmCVm4qJQmCkLYHSV9ZHVF   103,363.00000000

[OCTOPARTY]

Thanks Robert 

The funds are now sent to the distribution address.

[OCTOPARTY]

I'd say no need in supporting the network anymore. Thanks for the extended mining. Let the hash die now 😄

[madmartyk]

I'd say no need in supporting the network anymore. Thanks for the extended mining. Let the hash die now 😄

The Octopus is dead!!!

[OCTOPARTY]

And a new one has risen from the sea 😎

[madmartyk]

Time to celebrate!!!

[wartywarlock]

I'd say no need in supporting the network anymore. Thanks for the extended mining. Let the hash die now 😄

NEVER! The fury we have on 888 is the only ASIC we have left. I shall keep it on forever (or until it dies, or heaven forbid, Bholzer stops fannying about..)

OctoParty!!!!

[OCTOPARTY]

I suppose it could happen. I just don't see it. He's had plenty of chances. I work a full time job and do this in my spare time and feel like I've gotten a lot more done. Granted with a lot of assistance. But we will move forward with OCTO. I'm already reaching out to exchanges. It can be mined. We have a website. All in a short amount of time. The burn should be complete soon and we'll start thinking about the first project planning along with the tees and recruiting some devs. If I can do all this in spare time, hit the gym, work, jiu jitsu and move to Florida while hunting for a new job, I don't know what he's gonna do with octocoin. I saw no proof anything was being done and that's why I took action. I'm glad you guys came along for the ride cuz I wanna have a coin that's doing good and useful things. The first project will give it a use and something to build on as well as a price point and value. From there we will see what else comes along.

[madmartyk]

How can a counterparty asset be mined?  Other than with foldingcoin?

[OCTOPARTY]

Haha well that's what I meant. It's still considered mining to an extent. I mean you are trading computer power for payment. Different yet the same, and for a great cause. Plus you can earn more than just OCTO. I'd call it a mining lottery 😎

[madmartyk]

Haha well that's what I meant. It's still considered mining to an extent. I mean you are trading computer power for payment. Different yet the same, and for a great cause. Plus you can earn more than just OCTO. I'd call it a mining lottery 😎

That's what I thought.  Been folding for a few days.  Enjoying it!!