[ANN] 42-coin Development Discussion Thread - page 84.

Lasergun

legendary

Activity: 1155

Merit: 1174

https://keybase.io/lasergun

Quote from: farl4web on December 11, 2016, 01:53:13 PM

Bad distribution is bad for a cryptocoin. I have been in Nxt for years, one of the best coins out there, but the initial distribution created a bad environment on which Nxt has never really been recovered.

Maybe change the deadline another month? And do some more advertising to the cryptocommunity, so all old 42 coin holders will get a chance to claim there coins?

We can stop trading on Cryptopia earlier, in order to swap their 17 coins faster. Not more than 5 coins are on the "active" wallets. The question is, where are the other coins?

farl4web

legendary

Activity: 1205

Merit: 1000

Quote from: Lasergun on December 11, 2016, 11:34:36 AM

Quote from: farl4web on December 11, 2016, 06:42:48 AM

To make 42 more successful the distribution of the coins needs to be better. When I look at the richlist https://chainz.cryptoid.info/42/#!rich , I see that the top 10 wallets hold 98.33% of the coins. How can we improve this?

This process is not fast. The most important is that this distribution is absolutely fair and that the coins on the richest address is not the developers premine/instamine, but fully belong to the community:

Quote from: Lasergun on November 22, 2016, 05:07:40 AM

Quote from: eddy937 on November 21, 2016, 07:57:38 PM

Do you mean you intend to keep any coins that don't get swapped in 2017 for yourself? That could be a big share of all the existing coins. It would be better to burn any left over coins if half of them don't get swapped instead of making yourself a whale.

The remaining coins will belong to the 42 community, they will take a decision how to spend them via anonymous but transparent voting system. Voting will be available only for the holders. Each vote will have a power proportionally to the holder balance.

Bad distribution is bad for a cryptocoin. I have been in Nxt for years, one of the best coins out there, but the initial distribution created a bad environment on which Nxt has never really been recovered.

Maybe change the deadline another month? And do some more advertising to the cryptocommunity, so all old 42 coin holders will get a chance to claim there coins?

Lasergun

legendary

Activity: 1155

Merit: 1174

https://keybase.io/lasergun

Quote from: farl4web on December 11, 2016, 06:42:48 AM

To make 42 more successful the distribution of the coins needs to be better. When I look at the richlist https://chainz.cryptoid.info/42/#!rich , I see that the top 10 wallets hold 98.33% of the coins. How can we improve this?

This process is not fast. The most important is that this distribution is absolutely fair and that the coins on the richest address is not the developers premine/instamine, but fully belong to the community:

Quote from: Lasergun on November 22, 2016, 05:07:40 AM

Quote from: eddy937 on November 21, 2016, 07:57:38 PM

Do you mean you intend to keep any coins that don't get swapped in 2017 for yourself? That could be a big share of all the existing coins. It would be better to burn any left over coins if half of them don't get swapped instead of making yourself a whale.

The remaining coins will belong to the 42 community, they will take a decision how to spend them via anonymous but transparent voting system. Voting will be available only for the holders. Each vote will have a power proportionally to the holder balance.

farl4web

legendary

Activity: 1205

Merit: 1000

To make 42 more successful the distribution of the coins needs to be better. When I look at the richlist https://chainz.cryptoid.info/42/#!rich , I see that the top 10 wallets hold 98.33% of the coins. How can we improve this?

sirslayer

hero member

Activity: 540

Merit: 501

chickens and cryptos

ok then, you other 42 freaks lets keep the mining going even though its 0 earnings!! The investment and the security of our 42 nation is important and it will pay off in the end..

Lasergun

legendary

Activity: 1155

Merit: 1174

https://keybase.io/lasergun

Quote from: sirslayer on December 10, 2016, 03:11:51 AM

why 0 amount??

Status: 1/unconfirmed, broadcast through 9 nodes
Date: 12/10/2016 00:08
Source: Generated
Credit: 0.00 42 (matures in 41 more blocks)
Net amount: 0.00 42
Transaction ID: 0e1ba599980167d347558c50d0c8aa5f8b9c5a6cee5053e0da7728635ddfea4a

Because the PoW reward is 0+tx fees, but at that time there were no transactions with the fees, so your reward is just 0.

sirslayer

hero member

Activity: 540

Merit: 501

chickens and cryptos

why 0 amount??

Status: 1/unconfirmed, broadcast through 9 nodes
Date: 12/10/2016 00:08
Source: Generated
Credit: 0.00 42 (matures in 41 more blocks)
Net amount: 0.00 42
Transaction ID: 0e1ba599980167d347558c50d0c8aa5f8b9c5a6cee5053e0da7728635ddfea4a

Generated coins must mature 520 blocks before they can be spent. When you generated this block, it was broadcast to the network to be added to the block chain. If it fails to get into the chain, its state will change to "not accepted" and it won't be spendable. This may occasionally happen if another node generates a block within a few seconds of yours.

alt19

sr. member

Activity: 328

Merit: 250

the trading volume during the last month is $2 807, not bad...

Lasergun

legendary

Activity: 1155

Merit: 1174

https://keybase.io/lasergun

Exchange

Please, support 42 by your donating or voting and exchange will be available on Jan-2017

cryptopia.co.nz: 121ZZAZFRAsQKDTq7kvUXexhjhHutfdxXw or Transfer - 488247.27576343 DOT left
yobit.net: 1PD6X7zR94fjyBgqyKawYKC8DPupdcSXmF - 0.1 BTC left
livecoin.net: https://www.livecoin.net/voting/index?vote=42-coin - total 2 votes

Lasergun

legendary

Activity: 1155

Merit: 1174

https://keybase.io/lasergun

I will post each transaction to the burn address 4K7Q8XHw6vb8v25jBMQJvBYDJ71jJybzhG here (Last Update 23-Apr-2021):

Code:

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                                                          Total:	63.65106601