Topic: [ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink - page 19. (Read 297651 times)

Ok guys.. so we have had some talks with vennd.io about doing the burn for Octoparty. We will have a Skype call sometime soon but before that one of the main things we need to do is reach out to all potential Octocoin holders.

I am going to try to copy/paste a message in PM to all or most of the names who posted on here. I guess I'll start at page 1 and go back through nearly 200 pages of users to message. I would like if anyone has time to do the same as much as possible. Even if you just pick 20 pages worth of posts and copy/paste a quick message inviting people to visit this board again to find out about how they can burn their coins and join the skype call. We need to get the board active again so we can let everyone know the info.

I will start tomorrow and try to get through all 200 pages over the weekend. But the more messages they have from users here the more likely they will at least visit the last few pages and may participate.

My guess is that we won't get 100% of current Octoholders. Many have gave up and moved on. Many may not care at all. Many may not trust new people coming along and picking the ball up and running. Many may not like our ideas. Many may think for some crazy reason that this blockchain will be picked up by a dev or devs and it's safer to wait.

If you want to move on from this crap though and try something new, then get on board and start by letting other Octocoin holders know what we are doing as a community. We don't have to have everyone. We only need whomever wants to keep this community alive and participate.

This new coin is not mined. We have the burn to create the new coin, the crowd sale to sell the new coin and raise some btc and we will also create some coins to distribute to the community for participation, to developers for incentive, to other Counterparty assets in cross promotions and to Counterwallet holders to introduce ourselves.

If you decide to message some of the old posters, please post here and let us know who all you messaged or at least the forum page number you messaged. We need to try to hit each person at least 2-3 times if possible.

Thanks! Skype call to announce burn plans and cost coming soon. There will be a discussion about what the burn is, how it will work and why we need to do it. Hopefully it will answer a lot of questions for people. I am hoping if there is enough interest and a large enough crowd on a skype call that we invite one of the devs from vennd.io to come on and speak to us. I will check on that once we guage what the turnout is.

I think we need a goal of at least 100 people to participate in the burn. That is doable. I don't know how many posters were active in Octo but hopefully we can get at least 100 people interested to burn their Octocoins and move to the new Octoparty platform so we can move on to the next stage of gearing up for a crowd sale.

Ugh My last long, long post was deleted when the site was down. oh well.

We can do 888OP or 888OCTOPARTY or 888OCTO. You cannot do just 888 because they require 4 letter minimum.

yeah, i guess...

i mean, i personally don't want to abandon this amazing ticker we have. "888" is worth it's weight in gold alone. we just need a developer who can take it and run with it.

barring that, then the counter party thing is really the only other thing on the table. so i'd say if we don't see anyone step up to the plate, then go for it.

I will see if anyone at the CP forums can give light to some of the questions I posed.

https://forums.counterparty.io/discussion/966/transitioning-abandoned-altocoin-to-a-counterparty-asset-through-proof-of-burn-and-crowd-sale#latest

http://www.reddit.com/r/counterparty/comments/2suguh/transitioning_abandoned_altocoin_to_a/

I suppose you wouldn't even have to take control of the blockchain. If one made a new wallet and we used that one Octo address as the "burn" address any participants could send their Octo to that address. But then how do we be sure that if someone took over the Octo blockchain those coins aren't spent in the future. Highly doubt that would ever happen but to be sure of it you can't just rely on trust. How can you be sure that the private keys are destroyed or lost. Is it even possible to create a non-spendable address on the Octo blockchain? I suppose but I'm no dev. I would think if it could be done on Bitcoin it could be done for any blockchain. I'll try to find out on the CP forums.

So Octo wouldn't be the first coin to do this. Scotcoin actually completed the move to CP on Dec. 1st 2014.

http://scotcoin.org/
http://scotcoin.org/scotcoin-2-0-migration-information-to-counterparty-io/

Granted... they moved their entire blockchain it appears. We would definitely be going a different route.

And in reality we can name it whatever we like. It doesn't have to be OCTOPARTY just because I paid a dollar to create it. We could even vote on what the name is if we can secure a few of the names and hold a vote on what the community wants.

Now that I think about it, when discussing ideas about who would be in charge of multisig wallets that would hold Bitcoin from a crowd sale, or really any other idea, with Counterparty you can vote as a community. You can create the vote tokens have have the community vote for anything and everything OCTOPARTY related.

Swarm does it all the time. I purchased Swarm in their crowdsale and I always get SWARMVOTE tokens to send to addresses to vote for certain things related to Swarm. We could just as easily do this for most OCTOPARTY ideas and plans or electing which users from the community have access to the multisig wallet holding BTC for developers of things like a poker site, application or charity that we decide to  enable.

I mean it's doable.... none of us are devs. But we have all been around for awhile. If we create the tokens without having to manage the blockchain, create and manage a wallet, etc., then it leave us with finding a way to raise money to develop apps and ideas to make the coin useful. That, I believe we can all come together and do. Of course it may require a small quick dev payment to take over the blockchain, create a non-spendable address to burn the Octocoin and manage a explorer until all OCTOPARTY are created to ensure that we control addresses we don't want burning coins.

If it brings Octo back to life, and can add value to our coins, then i'm all for it.

hmm you might just be onto something here. Anyone else like the idea?

OCTOPARTY has been created in Counterwallet for .5 XCP fee. I only created 1 token and it can be raised and capped later. I did make it divisible with a decimal place. I only created this just in case. I would hate for someone to come along and take the idea just to be a dick lol.

And you never know, with their association with Swarm, we could possibly really have a huge platform to promote a crowdsale to raise Bitcoin for OctoParty projects. If they were sympathetic to us getting the shaft and thought that we had some good ideas for projects, charities, gaming, etc., they may be willing to swarm us?

Also, DogeParty is basically Counterparty on the Dogecoin blockchain instead of the Bitcoin blockchain. So we would have to decide whether to go with BTC or DC blockchain since they are different.

You know, I have no idea if this is a good thing to consider but I will lay it out:

Anyone that follows Counterparty knows that they run on the Bitcoin blockchain, have an online wallet, is a well respected company, has their own exchange, the list could go on. I personally have messed with the token creation and it's cheap and easy to create your own token.

Counterparty XCP was created by burning Bitcoin to a non-spendable address.

Dogeparty was started in the same fashion by sending Dogecoin to a non-spendable address and trading it out for DogeParty tokens.

http://www.dogeparty.io/

Would it not be an easier, cheaper idea to have a burning party so that all the investors hung out to dry with Octo could burn their Octo to a non-spendable address and create OctoParty? You could also hold a crowd sale that accepted Bitcoin for a certain period of time and rewarded them with OcotParty. Use the Bitcoin raised to fund the developers, projects like gaming, websites and marketing.

There would be a few pluses to this idea:

1.You don't have to maintain a separate Blockchain.
2. Bitcoin's blockchain is secure.
3. You already can store OctoParty in the Counterwallet.
4. You already can trade OctoParty in the Counterwallet.
5. Counterparty and XCP are already successful and trusted by many.
6. Being on their platform may help get listed on exchanges again since Swarm, GEMZ, XCP, LTBcoin and StorjCoinX are already on exchanges like Cryptsy, Bittrex and Poloniex. (all Counterparty created assets and all listed highly on Coinmarketcap.)
7. It wouldn't reward the devs who abandoned this coin since the premine would no longer matter like it would if Octocoin blockchain became successful. I'm assuming as long as we maintained a Octocoin block explorer we could block any trades for OctoParty coming from the devs premine addresses or any addresses that received from the premine addresses.
8. It may open up the potential uses for this coin alongside other Counterparty created assets.
9. It just seems like it may be a way easier, yet still fair way for us to take back what we lost investing into Octocoin.
10. Maybe it would lower the stigma of an alt coin takeover just trying to find marks to pass the bag to. Many alt coin takeovers do just create more bagholders. I don't think as much as many of us would have liked a successful Octocoin or our original Bitcoin back that we are looking for bagholders. I think most of us really enjoyed the thought of being part of something special and different.

Of course, the negatives are you are tied to the Counterparty system and the Bitcoin blockchain which in the future could become compromised or go in directions we cannot forsee. But if I understand correctly, Counterparty could move to any other blockchain they wish in the future.

You are also tied to Bitcoin and Counterparty if there were ever any future security issues. I mean They seem on top of things with Counterwallet but at the same time, it would be out of our hands on the development side. The only thing we have control over would be the sites for gaming or other uses for the token.

The questions are:

1. In order to block Octocoin being burned from dev pre-mine address or any associated addresses, you would have to at least get another block explorer going and maintain it during the crowdsale and burnsale. Can anyone do this?
2. What sort of governing system would you have to help guide OctoParty Projects?
3. If we create excess OctoParty for future projects, contests, promotions, payments, etc and hold them in multisig wallets, how do you decide who gets that power? Granted you can permanently lock the created tokens and cap the coin after the crowdsale for Bitcoin, the burnsale for Octocoin and the excess OctoParty are created.
(EDIT: YOU CAN CREATE VOTE TOKENS TO SEND TO ADDRESSES SO THE COMMUNITY CAN VOTE ON ALL IDEAS OR PEOPLE WHO WOULD CONTROL MULTISIG WALLETS TO PAY DEVELOPERS FOR APPLICATIONS AND GAMES. SEE NEXT POSTS FOR CLARIFICATION.)

Please respond with thoughts, ideas and criticisms.

I agree. This is doable. It still holds true to the 888 ticker. Poker is something popular and simple enough that you could use it as a launching point. Poker might be one game but it could be 1 of 8. Screw 8 apps when you could just promise 8 games. There's enough games to gamble on like poker and blackjack. Or even down the road if it grew you could consider something in the video game realm or even sports betting. Of course many will say that there's already gaming on other alts and Bitcoin as it is. Still, a good start.

I´m with u all the way, and what u guys decide to do for a dev. If there´s a slight chance that the coin could survive, i´m all for it.

well i'm not qualified to lead this outfit, as i have no technical expertise required. however i think that we all agreed that the gaming aspect and the 888 ticker were more than enough to move forward with. I'd like to see online texas hold em poker rooms that people could use octo with. this is the only way to get any utility out of this coin i believe. it draws on the foundation that we ALL bought into as a good idea back when things were going great for this coin.

therefore if anyone can nominate a developer to code or re-purpose an existing online gaming platform to use exclusively with octocoin (or maybe not exclusively), then i'd say we have direction, and a plan to rebuild value within this coin. Like i mentioned months ago, I played a text-only version of texas hold 'em in IRC, and it was probably the most fun i've had with crypto in years. getting a working poker portal is step #1. But I feel that the true untapped market is betting on REAL videogames. games out there that already exist server-side (Hearthstone for example) which would avoid necessitating developing our own anti-cheat platform, which would be biting off way more than we can chew. All we need is to figure out how to read some metadata from the game, and then you can have 2 parties who place a bet in escrow, and with some technical wizardry, voila, you have a real online gaming gaming platform.

I've been saying this for years, and octo could make it happen. We just need step #1 which is a simple online poker portal. the big fish are real gamers, who number in the hundreds of millions, and who all have graphics cards themselves, to continue to mine octo to bet with, which would give it more value.

ALL: please sign off on this idea, or present an alternative. If signing off, please nominate someone who can code or re-purpose an existing online poker platform to work with octo.