Topic: [ANN] BitCurrencyPro - BTCRP - Masternodes - Trading on Biten.Trade - page 8. (Read 27222 times)

someone is dumping down the price

Thanks a lot @Tokyo

Darksend is a wallet mixing feature developed by Darkcoin (now known as DASH). It lets you mix and send coins anonymously.

Hi,
What is that darksend mining feature you have in the wallet? What does that do?

Thanks for taking the time to write such a detailed reply.

I'm glad that the big address isn't staking. I agree that development should be funded on projects. Your time is valuable and your behavior makes it clear you are interesting in long term benefits from a healthy project. Properly aligned developer and coin incentives are a win-win.
Airdrops are tricky. Small airdrop might give people some skin in the game and be a good way to onboard them onto the exchange to buy more.
Your coins so your call on a burn. Small burns are more about PR/price bump for coins which already have attention, not to grow a base.

I look forward to updated wallet and running a node. Risk/reward on this project seems good.

This project doesn't have the resources for atomic swaps. Its best left for bigger players like Komodo and Blocknet for now.

atomic swaps

Yes that is correct.

Hi Tokyo,
The coins you see here are the new BTCRP right?

https://coinsmarkets.com/trade-BTC-BTCRP.htm

What features would you like to see?

what are the next features in development?

Yes that is the plan. I do intend to distribute some of the coins left over to promote the network and help it grow. But it is still early and I need to be careful on how its accomplished. There needs to be a return that benefits the project. I can't just give away coins for people to hoard or dump and not receive anything back, whether its a vote for an exchange, a twitter campaign or a facebook campaign, for example.


Hey no worries. Everyone needs to do their due diligence. If you don't feel comfortable I understand. The coins in my possession are not being staked. I wish you much success in crypto and if you have some BTC to spare, pick up a BTCRP masternode, onlyy 2250 MN available with a 100% lockrate and no network has ever achieved a lock rate of 100%.


Those 100,000 BTCRP tx are people setting up Masternodes. The BTRCP network is up too 28 MN right now. Growing steadily. 

Is somebody mining this coin still? I can see in the explorer all those 100000 transactions.

http://bitcurrencypro.ga/block/a542c0014eafaa55575fb0304cd64f426e58afaabff4eaf1fcf5f56cb8f72d7b

I appreciate your response, TokyoGhetto, to my comment.  Your math makes sense and I get your point. 

About the richlist:  Well, I am doing a bit of thinking.  In most coins, we have to place our trust in the developers (or developer)

I am still unsure if I am going to invest.  But, I respect the honesty in your decision to run the coin the way you want to. 

Those coins are staking though correct?  They would have to be 

I also get the need for funding.  Shoot, I love crypto, but anyone who is into low marketcap coins who tells you the aren't in it for the money is a liar.  Good luck on the project.

I trust you man but having too much coin in one hand does make people jittery. I like your idea of Airdrop to people with BTCRP. Follow the one with BSD coin, they are doing it pretty successfully or BITCORE. You have 152 Million coins and can easily distribute 5-10 million to people with new wallets and new ones who are over Regular member or something. Thanks a lot.

what about a faucet?

Yes there are some plans for what is left from the swap. I haven't announced anything yet, and it will be done bit by bit. Thank you for letting me know about stocks.exchange

One consideration was doing an airdrop on coinsmarkets. My biggest issue with airdrops is that a high percentage just dump and leave. That BTC goes some were else and doesn't really benefit the project. I could just as easily take the airdrop amount, setup a sell wall and use the BTC to pay for example getting listed on another exchange or further development. However in order to increase the number of masternodes, promote trading and tighten spreads, a combination of an airdrop and sell wall may be performed.

I think the popularity with airdrops is from ERC20 Token scammers. They need to do airdrops to hype scam the coin and create a market. Once listed on EtherDelta they just dump and move on. People who get free coins don't mind because its free money. Its very parasitic and its one of the negative things about crypto.

right now stocks.exchange charges $100 for listing I believe.  are there any plans to do anything with the premine?

airdrops to the 100-1000 active traders on coinexchange are good way to get publicity

Thank you asking some valid questions. I hope that I can address your concerns.

1. Windows Defender does flag the windows -qt wallet. It is a false positive. I will address this concern in the short future. If I am unable to fix this issue then yes a bounty will be put up so that it can be fixed. I do apologize if this is keeping you from running your masternodes.

2. That 1st address is controlled by me. it is what is left over from the swap + my personal BTCRP. If my intentions were to to flood/dump on the market I would have done a few things different.

a) Not use my Legendary Account, perhaps used some scammy name like BTCRPDev Newbie account.
b) made more of an effort to get listed on an exchange that could support that kind of volume
c) Done some silly hype scam airdrop/bounty/discord/twitter/facebook to pump the price, then dump.

Whether you trust me or not is up to you. Others have put their faith in me through the swap process with no serious complaints. Hopefully I can gain your trust.

No coins will be burned for a few reasons:

a) coins get burned naturally through the lifetime of a blockchain. I have already dealt with people who sent BTCRP to a BTCR address and who lost their BTCRP wallet.dat without making backups. Those BTCRP are lost forever and I am sure that will continue to happen based on human error.

b) Developing and growing a network costs money. I provided a bounty for a block explorer because I know hosting one takes time and money, someone took their time to write up a masternode setup guide and I provided a bounty for their time and effort. Getting listed on mnrank.com cost about 500,000 BTCRP or $700 at the time. Same for getting listed on coinsmarkets.com, that was a 500,000 BTCRP donation. TradeSatoshi only does paid votes now for listing as of today. In order to beat the top listing you would need to spend over 2355913 DOGE which is about 0.28 BTC or $1781 USD. Forget about Cryptopia they want 4.5 BTC or $28,000 USD to get listed. Which brings me to the last point

C) Lack of donations. When WhistleCoin was swapped into BitCurrency, around 53 Million coins were burned. Then nothing happened. Development stopped. BTCR became a zombie coin on yobit. I was one of the last working nodes and managed to keep the networking going before yobit took their BTCR wallet offline forever. Then I paid out of my own pocket for a BTCR Explorer and listing on novaexchange. I had to sell BTCR at rock bottom prices compared to yobit just so that people would mine blocks, often at a loss from what I paid on yobit in the first place. Once the Block Explorer hosting dried up, I asked for BTC donations and received none. I did receive BTCR donations from a few people but that would of meant dumping into the BTCR market and killing the marketcap.

So this time there is a healthy pool of BTCRP that value can be extract from in order to keep the blockchain going. If anything I will need to inject more liquidity into coinsmarket because I know that there are millions of BTCRP out in the wild but people are just hoarding them. you can tell by the fact that there is less then 1 million on the offer side on coinsmarket.

3. I don't intend to flood the market with masternodes, but I also don't want people to get ripped off from lack of liquidity. Like I said, I may conduct an airdrop to get people interested in BTCRP, along with a sell wall in inject liquidity. I would love to see at least a 20% lockrate on this network in masternodes. This along with market making should keep things moving. Will I profit personally from all this, well yes of course. But so will others and at this point in crypto no one works for free or invests to give their money away. Its a zero sum game yes but who wins and loses is beyond my control.

Sorry for the long winded response but I hope I have address some of your issues. If you have any further questions feel free to ask here or email [email protected]

Thank You.

I like this project and have purchased some because there are few nodes, decent ROI and active dev work.

A few concerns of possible roadblocks to mainstream adoption:

* Windows defender flags wallet as having a trojan. I personally don't install any software flagged, so can't run my MN until this is fixed.
Virus scan false positive turns a lot of people away. It's not just about risk its about showing development excellence and attention to detail. Don't know how much effort this is to fix. Seems decent bounty candidate.

* Rich list shows 67% owned by 1 address. If that address wanted, they could flood nodes or dump market. Do you know who owns that address? Would they entertain the possibility of a small coin burn in the future? http://bitcurrencypro.ga/richlist

* High supply: enough for 2,000 MN. If the whale wanted to flood the market with MN, nothing to stop him.