[ANN][ICASH] iCash | Anonymous | X11 | Masternodes | Darksend | InstantX

[bathrobehero]

I actually don't think we should cut the coin supply  . It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.

The supply is fine the production rate is the problem. 1 million coins are being distributed every day. The price can't keep up with that amount especially if the early adopters start capitulating one by one because they know their coins will worth less and less everyday. That goes for invetors, why would they invest if the value of a coin is expected to shrink? I don't think the price can be maintained with the current production rate and in that case what's the incentive to holding coins? The market cap is tiny, so I think even with a heavily cut production rate people who want can invest and own a significant amount of coins relatively cheaply.

[cryptodev35]

I actually don't think we should cut the coin supply  . It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.

The supply is fine the production rate is the problem. 1 million coins are being distributed every day. The price can't keep up with that amount especially if the early adopters start capitulating one by one because they know their coins will worth less and less everyday. That goes for invetors, why would they invest if the value of a coin is expected to shrink? I don't think the price can be maintained with the current production rate and in that case what's the incentive to holding coins? The market cap is tiny, so I think even with a heavily cut production rate people who want can invest and own a significant amount of coins relatively cheaply.

Right now on block 7684 the and diff is 631.05065947, block reward has gone down to 1688 ICASH. Thats almost 1000 ICASH less then the block reward we started with.

[Fonziecoin]

I actually don't think we should cut the coin supply  . It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.

Every successful coin has been generous to early adopters. That's how you encourage adopters. It sounds bad but its true. If being fair to latecomers helped adoption, we'd all be using Franko.

Time scales for crypto are not such that you can have a long-term approach to the money supply. You need to get the money out there in a fair way and pretty quickly.

Perhaps we could do a 7% decline in block reward each month instead of each year  ?

That amounts to a 58% decline per year. It's still pretty slow. A 14% decline per month would probably be better. 7% per week would be even better. Beyond that, I'd say it's starting to get pretty fast.

You just need fair distribution, not long distribution. Fairness just means everyone has access to the same information and opportunity to mine.

[cryptodev35]

I actually don't think we should cut the coin supply  . It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.

Every successful coin has been generous to early adopters. That's how you encourage adopters. It sounds bad but its true. If being fair to latecomers helped adoption, we'd all be using Franko.

Time scales for crypto are not such that you can have a long-term approach to the money supply. You need to get the money out there in a fair way and pretty quickly.

Perhaps we could do a 7% decline in block reward each month instead of each year  ?

That amounts to a 58% decline per year. It's still pretty slow. A 14% decline per month would probably be better. 7% per week would be even better. Beyond that, I'd say it's starting to get pretty fast.

You just need fair distribution, not long distribution. Fairness just means everyone has access to the same information and opportunity to mine.

That i can work with  , thats a pretty good idea.

[cryptodev35]

Ok have we decided then, 7% decline of block reward per week it is? Then i implement it when we release the new wallet.

[Fonziecoin]

Ok have we decided then, 7% decline of block reward per week it is? Then i implement it when we release the new wallet.

I like that a lot. More need to chime in.

[CryptoClub]

Ok have we decided then, 7% decline of block reward per week it is? Then i implement it when we release the new wallet.

That sounds like a really good plan, I like it

[Limx Dev]

How did you get this generated key?

masternode.h 209
-        strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

[shojayxt]

How did you get this generated key?

masternode.h 209
-        strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

It appears to be the same pubkey as Dash/Darkcoin line 302:

strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

[cryptodev35]

How did you get this generated key?

masternode.h 209
-        strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

It appears to be the same pubkey as Dash/Darkcoin line 302:

strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

Yes that is dash/darkcoins pubkey

but iCash uses
https://github.com/cryptodev35/icash/blob/master/src/masternode.h#L209

Code:

strMainPubKey = "048c81cc8a3869c379712f836f38c8f941f57c579310d61321da88985db736f3878b9667e687c8eae5bf14dbd5624159ef9630c61258597f60a7dd094ed0f49ecd";

[topcat363]

when is the new wallet release?

[Jewell]

hi,

Do Masternodes; Darksend andInstantX work now or will it in a next updates? If yes when?

[cryptodev35]

hi,

Do Masternodes; Darksend andInstantX work now or will it in a next updates? If yes when?

Yes they all work, but because we don't have so strong networks (hashrate and masternodes) right now. They don't work so good at the time .

[shojayxt]

How did you get this generated key?

masternode.h 209
-        strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

It appears to be the same pubkey as Dash/Darkcoin line 302:

strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

Yes that is dash/darkcoins pubkey

but iCash uses
https://github.com/cryptodev35/icash/blob/master/src/masternode.h#L209

Code:

strMainPubKey = "048c81cc8a3869c379712f836f38c8f941f57c579310d61321da88985db736f3878b9667e687c8eae5bf14dbd5624159ef9630c61258597f60a7dd094ed0f49ecd";

It does now but not when you were asked where the pubkey came from.  You changed it after you were questioned about it.

[cryptodev35]

How did you get this generated key?

masternode.h 209
-        strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

It appears to be the same pubkey as Dash/Darkcoin line 302:

strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

Yes that is dash/darkcoins pubkey

but iCash uses
https://github.com/cryptodev35/icash/blob/master/src/masternode.h#L209

Code:

strMainPubKey = "048c81cc8a3869c379712f836f38c8f941f57c579310d61321da88985db736f3878b9667e687c8eae5bf14dbd5624159ef9630c61258597f60a7dd094ed0f49ecd";

It does now but not when you were asked where the pubkey came from.  You changed it after you were questioned about it.

No i changed it 7 days ago  

https://github.com/cryptodev35/icash/commit/b4e5d2e85061f30940de04d6a090b27a66785837

[BanzaiBTC]

I still dont understand why the "solo miner" is able to keep the masternode fees for himself   It shouldnt be possible right?  Because of him/her the masternodes are ignored  

There has to be a way to fix this... Anybody? 

[shojayxt]

How did you get this generated key?

masternode.h 209
-        strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

It appears to be the same pubkey as Dash/Darkcoin line 302:

strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

Yes that is dash/darkcoins pubkey

but iCash uses
https://github.com/cryptodev35/icash/blob/master/src/masternode.h#L209

Code:

strMainPubKey = "048c81cc8a3869c379712f836f38c8f941f57c579310d61321da88985db736f3878b9667e687c8eae5bf14dbd5624159ef9630c61258597f60a7dd094ed0f49ecd";

It does now but not when you were asked where the pubkey came from.  You changed it after you were questioned about it.

No i changed it 7 days ago  

https://github.com/cryptodev35/icash/commit/b4e5d2e85061f30940de04d6a090b27a66785837

Oh man.  Now why do you want to lie?  There are ways to change the commit date on github repositories and that's what you did.

When Limx Dev posted asking where you got the pubkey from I looked at the icash repo and that was what was on line 209.  I looked at the Dash repository and found the same pubkey on line 302.  I have no reason to make anything up and I have even helped by changing the diagram to reflect Icash instead of Darkcoin so I'm not here to fud your coin.  But you obviously changed it after you were questioned about it.  Why not just say you made a mistake and didn't change it?  Why change it and then try and cover your tracks by changing the commit date?  We both know what you did.  It's a shame.  You might have been able to make this work.  But with your deception I can no longer support this coin.  That reason and the insane block reduction you are planning voids any possibility that this coin will succeed.  Someone will fork Dash and have a fair launch and mining period without the instamine by block reduction.  Unfortunately this isn't that coin.  

 

[cryptodev35]

How did you get this generated key?

masternode.h 209
-        strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

It appears to be the same pubkey as Dash/Darkcoin line 302:

strMainPubKey = "04549ac134f694c0243f503e8c8a9a986f5de6610049c40b07816809b0d1d06a21b07be27b9bb55 5931773f62ba6cf35a25fd52f694d4e1106ccd237a7bb899fdd";

Yes that is dash/darkcoins pubkey

but iCash uses
https://github.com/cryptodev35/icash/blob/master/src/masternode.h#L209

Code:

strMainPubKey = "048c81cc8a3869c379712f836f38c8f941f57c579310d61321da88985db736f3878b9667e687c8eae5bf14dbd5624159ef9630c61258597f60a7dd094ed0f49ecd";

It does now but not when you were asked where the pubkey came from.  You changed it after you were questioned about it.

No i changed it 7 days ago  

https://github.com/cryptodev35/icash/commit/b4e5d2e85061f30940de04d6a090b27a66785837

Oh man.  Now why do you want to lie?  There are ways to change the commit date on github repositories and that's what you did.

When Limx Dev posted asking where you got the pubkey from I looked at the icash repo and that was what was on line 209.  I looked at the Dash repository and found the same pubkey on line 302.  I have no reason to make anything up and I have even helped by changing the diagram to reflect Icash instead of Darkcoin so I'm not here to fud your coin.  But you obviously changed it after you were questioned about it.  Why not just say you made a mistake and didn't change it?  Why change it and then try and cover your tracks by changing the commit date?  We both know what you did.  It's a shame.  You might have been able to make this work.  But with your deception I can no longer support this coin.  That reason and the insane block reduction you are planning voids any possibility that this coin will succeed.  Someone will fork Dash and have a fair launch and mining period without the instamine by block reduction.  Unfortunately this isn't that coin.  

 

And why would i do that? I did a post about the change 7 days ago here.

Okay, it seems that someone manages to fool the masternodes on their payments and thats way the blockchain has behaved so strange. Therefore, I have now added a referense node to keep track of the payment in the source code.

Masternode operators and pools update as soon as possible

 .

Github
https://github.com/cryptodev35/icash

[BanzaiBTC]

So who is this?

http://blocktree.io/address/ICASH/i9QboeuiwxarkN3Y1pPP61tJrjLusVRycX


Thank you for blocking our masternodes!  

[infovortice2013]

whats upo with this coin everything is running good, can mine with 7950 card? its any exchange available?