[ANN] OCTO - Resurrect 888 - New Counterparty Asset

[cabbage2014]

I've posted a few times in the bittrex chat. Usually what OCTO is, link to fold OCTO, link to the lottery faucet, the Twitter. I'm not saying to spam but it won't hurt for good talkers to visit the chat sometimes and post an OCTO comment or link or two. Specially a group of OCTO community members or folders who can answer questions.

It's the little things.

Done I didn't even know there was a chat feature on Bittrex:)  Faucet is great to spread the userbase I like the way its a lottery too makes it more interesting than filling in captchas!

[OCTOPARTY]

I've posted a few times in the bittrex chat. Usually what OCTO is, link to fold OCTO, link to the lottery faucet, the Twitter. I'm not saying to spam but it won't hurt for good talkers to visit the chat sometimes and post an OCTO comment or link or two. Specially a group of OCTO community members or folders who can answer questions.

It's the little things.

Done I didn't even know there was a chat feature on Bittrex:)  Faucet is great to spread the userbase I like the way its a lottery too makes it more interesting than filling in captchas!

I agree. I mean some other coins on LTB have a faucet where they reply and they are sent a set amount. I wanted ours to stand out. Plus it's fun because they don't know how much they will receive. It'll be awesome if someone hit's 888 but there will probably be some that hit low. I would hate to have to distribute 1 OCTO to every participant for the month haha.

[OCTOPARTY]

I'd be careful promoting in Bittrex chat. It appears I can no longer chat. I spread out my OCTO stuff. Wasn't like I was spamming. Oh well.

[cabbage2014]

Well I still have access    Chat is fairly quiet so plenty of time for Bittrex users to see the faucet link. 

[djslick]

Why didn't i get any notificaations in my inbox that this burn was happening?

FrameLALife AKA OCTOPARTY, you messaged me multiple times to get me onboard with skype calls etc. while we were all still deciding weather to do the burn or not, then my inbox mysteriously went totally silent when you decided to do the actual burn.

I've received mass-emails for much less important stuff on this forum. Why did you intentionally decide not to send out any e-mails/msgs when you decided to do the actual burn?

I've put more than a year of my life into OCTO, and other than you was one of the most outspoken members of the original thread on BCT.

Then I moved back to Canada for 1 month where i didn't have stable internet, then this happens.

I'm very dissapointed, and want to know what OCTOPARTY plans on doing to make it up to me. I'm a %3 owner of octocoin, and was going to burn it all for OCTOPARTY, i was just waiting for the green light, which never came.

I'm confused as to why you had the time to personally message me multiple times beforehand, but not one mass message to everyone in the original octothread when you and your team ddecided to drop the hammer on the burn.

it could have been an honest mistake, but i gotta say, it's just one more bit of sketchyness in a long history of sketchyness with regards to octo. 

[FoldingCoin]

Why didn't i get any notificaations in my inbox that this burn was happening?

FrameLALife AKA OCTOPARTY, you messaged me multiple times to get me onboard with skype calls etc. while we were all still deciding weather to do the burn or not, then my inbox mysteriously went totally silent when you decided to do the actual burn.

I've received mass-emails for much less important stuff on this forum. Why did you intentionally decide not to send out any e-mails/msgs when you decided to do the actual burn?

I've put more than a year of my life into OCTO, and other than you was one of the most outspoken members of the original thread on BCT.

Then I moved back to Canada for 1 month where i didn't have stable internet, then this happens.

I'm very dissapointed, and want to know what OCTOPARTY plans on doing to make it up to me. I'm a %3 owner of octocoin, and was going to burn it all for OCTOPARTY, i was just waiting for the green light, which never came.

I'm confused as to why you had the time to personally message me multiple times beforehand, but not one mass message to everyone in the original octothread when you and your team ddecided to drop the hammer on the burn.

it could have been an honest mistake, but i gotta say, it's just one more bit of sketchyness in a long history of sketchyness with regards to octo. 

I will talk to Kris about this right away! We do not want to abandon any community members here, it would suck for you to get abandoned twice. Kris is at work right now but i will talk to him about this right away

[OCTOPARTY]

Why didn't i get any notificaations in my inbox that this burn was happening?

FrameLALife AKA OCTOPARTY, you messaged me multiple times to get me onboard with skype calls etc. while we were all still deciding weather to do the burn or not, then my inbox mysteriously went totally silent when you decided to do the actual burn.

I've received mass-emails for much less important stuff on this forum. Why did you intentionally decide not to send out any e-mails/msgs when you decided to do the actual burn?

I've put more than a year of my life into OCTO, and other than you was one of the most outspoken members of the original thread on BCT.

Then I moved back to Canada for 1 month where i didn't have stable internet, then this happens.

I'm very dissapointed, and want to know what OCTOPARTY plans on doing to make it up to me. I'm a %3 owner of octocoin, and was going to burn it all for OCTOPARTY, i was just waiting for the green light, which never came.

I'm confused as to why you had the time to personally message me multiple times beforehand, but not one mass message to everyone in the original octothread when you and your team ddecided to drop the hammer on the burn.

it could have been an honest mistake, but i gotta say, it's just one more bit of sketchyness in a long history of sketchyness with regards to octo. 

First of all, slow your roll. Intentionally left you out? For one, you were active and involved then dropped off the grid. That's not my fault. We posted everything to the board and there was plenty of time for you to check and participate. Period. That's your problem sometimes, you just start throwing allegations. Secondly, you have not once messaged me and asked anything about OCTO or missing the burn, now you show up and post this? You could have nicely sent me a message. I honestly thought that you had burned. I don't know where you are or what you are doing at all times. There are a ton of people that posted and burned. I thought you were one of them. How the hell am I supposed to know what address on Octocoin you are or what your CP address was.

Now, with that being said, I have no objection to you burning. You were a major member of Octocoin and not only did I invite you to burn but I also said that your presence was needed. You were one of the few beating the war drums warning EVERYONE about the sketchiness of OCTO. I also said that you could even be one of the key multiple key holders for distribution when we move to a multi-sig wallet.

There, I had no idea dude. Do you realize how fast all of that  went into play? Did you read the Octocoin forum? I didn't have time to message anyone. I really didn't intend to start the burn until a few days later AFTER I moved but people saw the address worked and started burning early so there was no point in waiting. Then on top of it I was quitting a job, moving from Kentucky to Florida, job hunting, apartment hunting, trying to run a burn and have been going strong ever since in promotion and recruiting devs and trying to plan this first project. I understand your frustration. I do. We all were after Octocoin. I'm NOT here to fuck anyone over, and definitely not here to fuck anyone over INTENTIONALLY.

Seriously man? You need to learn something called TACT. It will get you a lot further in life. You are not the only person that I haven't been in contact with. You also are not the FIRST person to say they missed the burn. We worked things out with them. We do not want to show favoritism because we cannot allow every single person that comes along to burn late.

However, since I was under the assumption that you WERE A BURNER, I understand and we will figure it out. Not only do I want you around because you call BS, but you are also someone who sticks around because you believe in crypto even though you've been screwed. That was the whole point of bringing Octocoin to CP and not just starting a coin and building a brand new community.

I will talk to Robert and discuss this. Please PM me your amount or you can post it here. Doesn't really matter because every transaction for distribution is shown in the blockchain and in the shared google docs. So people are going to know how much you burned.

I'll be in contact with you soon. Don't disappear. And seriously man, I'm not trying to be a dick. Try pming me, skyping me, tweeting me, emailing me when you have issues. I respond and all of those are readily available.

[madmartyk]

Also if you were watching the thread (like we all were) you would have known about it!! 

[OCTOPARTY]

It was on this and the Octocoin thread until the burn ended and even a little after the burn ended. I'll be honest I haven't checked the old thread much but not out of intentions. I'm here and at LTB forum mostly. We'll figure it out.

[OCTOPARTY]

chatted with Robert. messaged djslick to get his opinion. will bring the solution to the community for input. know that depending on what is done the most important thing is fair distribution, community support of decisions and also protecting the overall OCTO market. the solution has to keep the burn amount low compared to other forms of distribution.

also, we are dependant on Octocoin even working. our block explorer for Octocoin was down today but appears to be back up and still lagging behind. i'm guessing it takes a bit for their blockchain to catch up after it's down.

[mafort1469]

chatted with Robert. messaged djslick to get his opinion. will bring the solution to the community for input. know that depending on what is done the most important thing is fair distribution, community support of decisions and also protecting the overall OCTO market. the solution has to keep the burn amount low compared to other forms of distribution.

also, we are dependant on Octocoin even working. our block explorer for Octocoin was down today but appears to be back up and still lagging behind. i'm guessing it takes a bit for their blockchain to catch up after it's down.

Well my vote is to exchange him one for one as he has/was always been a key player in all of this. Exceptions can be made and should be in this case even though it was kinda his own fault (there really isn't any excuse for not checking the thread when you knew this was a possibility). Just my two OCTO.

[hashbrown9000]

[FoldingCoin]

chatted with Robert. messaged djslick to get his opinion. will bring the solution to the community for input. know that depending on what is done the most important thing is fair distribution, community support of decisions and also protecting the overall OCTO market. the solution has to keep the burn amount low compared to other forms of distribution.

also, we are dependant on Octocoin even working. our block explorer for Octocoin was down today but appears to be back up and still lagging behind. i'm guessing it takes a bit for their blockchain to catch up after it's down.

Well my vote is to exchange him one for one as he has/was always been a key player in all of this. Exceptions can be made and should be in this case even though it was kinda his own fault (there really isn't any excuse for not checking the thread when you knew this was a possibility). Just my two OCTO.

I think this is well said, but you must take into consideration this point.... What defines special situations and how as a community do we decide this? Should this be up for a vote? shoud this be handled on the forum? You all would know this individuals commitment to OCTO more then I would

[OCTOPARTY]

well said.

my personal opinion, i think djslick was a major contributor to Octocoin and deserves to be in OCTO. i really wasn't aware he hadn't burned.

things to consider:

1. first and foremost, OCTO burn total has to be a relatively small % of the 88.8 million total. to us who were at Octocoin, that may seem unfair. to those who will purchase OCTO in a future crowd sale, that is a must. we are at a disadvantage. most crowd sales start at zero coins. my goal was to keep OCTO under 30 million with a preference of 15-20 million burned. every form of distribution must be somewhat even as far as power for sectors controlling the coin and potential weighted voting rights. if we had 40-50% of the total, nobody would buy OCTO, NOBODY. they would risk us dumping first thing and crashing the price of their investment. then you consider that we are distributing via folding. then paying devs with OCTO. then having a faucet. the only people who have a right to an advantage on this token are those who pay BTC to fund the projects and even they have to concede not having 100% due to the other forms of distribution.

2. you have to consider fairness. if i let djslick burn, i can control when it happens, how long the burn lasts and other factors but all is lost if i give him preferential treatment. with that comes risk of exceeding the low burn amount goal. luckily this can be minimized and even capped. however, nobody wants claims that we give preferential treatment, it kills our image.

3. you have to consider the power and control i posses. this is not intentional, it is simply that i created the token. at some point others will have to take control of some parts of OCTO. i cannot and will not be the end all be all of OCTO. it's not safe for anyone's investment. it's not good for our image. we said community coin. i could have easily said yes or no. i choose not to do that. i also urge everyone to be involved. with distribution to the faucet and folding monthly you will also see involvement from those groups as well, many who are not involved since Octocoin. as OCTO gains more value, we will hold it in multi-sig wallets and it will require multiple people to distribute it. lots of changes will be coming this year. lots of safety nets will be going up.

4. you have to consider public image and fairness in terms of attracting good people and devs to our community. everything we do now will help shape how we end up.

just my two OCTO we will figure this out. i urge your participation. this decision can potentially make or break us depending on how it is handled.

[HYPster]

He missed the burn due to partial ignorance and nobody should hold anyone's hand in this world. That being said maybe see how many 888 coins he has and then have him transfer it all to the burn address. Once confirmed then maybe do a weekly/monthly distribution to him until his coin count matches his burn? I also do not think it is fair to the to the other OCTO holders that you will make an exception, but his participation on the 888 thread should also be considered. This is a very hard decision to make and definitely needs numerous community input on how this will be handled.

[cabbage2014]

I'm all for fairness here.  As long as there is a commitment not to flood the exchange with coins or maybe release the OCTO over an extended period.  I'm relatively new to OCTO and it sounds like djslick has contributed a lot to its revival so would have a long term interest in it.  As long as control of assets doesn't get too centralized it's all good.  

Also its important to emphasize that it is exceptional circumstances.  OCTO isn't exactly expensive now so, people who missed out can buy it up cheap if they are genuinely interested in its future and not just out to dump.  I hold quite a lot of OCTO and agree with what HYPster said monthly allocation from 1:1 burn until all coins are transferred is a potential solution to avoiding a flood of coins.

[OCTOPARTY]

I'm all for fairness here.  As long as there is a commitment not to flood the exchange with coins or maybe release the OCTO over an extended period.  I'm relatively new to OCTO and it sounds like djslick has contributed a lot to its revival so would have a long term interest in it.  As long as control of assets doesn't get too centralized it's all good.  

Also its important to emphasize that it is exceptional circumstances.  OCTO isn't exactly expensive now so, people who missed out can buy it up cheap if they are genuinely interested in its future and not just out to dump.  I hold quite a lot of OCTO and agree with what HYPster said monthly allocation from 1:1 burn until all coins are transferred is a potential solution to avoiding a flood of coins.

That's a great idea. I mean we distribute monthly for the faucet anyways. It's no big deal to add to that transaction list so that it's slowly sent to extra burners. I still think there needs to be a short time period to burn Octocoin so that not too many people jump in. I also think that you have to be able to prove via the blockchain you are not burning any coins mined after March 8th. And last but not least there has to be a cap. We absolutely cannot accept more than 25 million  total. If in the first 2 hours 5 million coins come rolling in that is it. There is also a possibility that they will have the exact same issues we did on the last day of the burn where we could not send any transactions over 999 or whatever it was. Who knows the state of the blockchain. And nobody is going to want to mine for free to keep the blockchain moving for transactions. Thanks for the responses.

[mafort1469]

Has anyone else commented on this through PM?

[OCTOPARTY]

only one or two people. i also don't have a total number of OCTO from DJslick or if he would be willing to burn a partial amount. his last pm to me said that i couldn't let him burn because it compromises the coin, or something to that effect. so he understands the position. it's still doable within limitations. we will see what he and others say if they decide to chime in.

[mafort1469]

only one or two people. i also don't have a total number of OCTO from DJslick or if he would be willing to burn a partial amount. his last pm to me said that i couldn't let him burn because it compromises the coin, or something to that effect. so he understands the position. it's still doable within limitations. we will see what he and others say if they decide to chime in.

Yes, I'd really hate to lose his enthusiasm and input since he has been a key player in 888 and all. I do agree that within limitations that we should help him out and I don't think it would compromise the coin unless he has like 10 million or something crazy like that. A slow monthly amount until he is caught up would be the best idea in my opinion. I do hope other people will have input on this. Anyway looking good overall and keep up the fantastic work man!! Lovin it!