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Topic: [ANN] [BTC FORK] [BITFINEX] Bitcoin Interest - Decentralized Savings - Join Now - page 90. (Read 46518 times)

member
Activity: 574
Merit: 11
i hope in 22 january the fork will be succeded so this coin will got its value and become the most wanted coin hope so. keep develope your technology dev.
and what this system will have? is it will be the same like bitcoin?
sr. member
Activity: 616
Merit: 251
I see another interesting fork of bitcoin, and i want ask about approximate price per coin at start on exchanges? Where i need to hold my btc? Bittrex and etc? List please?
sr. member
Activity: 406
Merit: 250
Expert in busting
Description looks promising, not a substitute of bitcoin but rather a support, I like the idea. I hope it won't be like the failure of many of the random forks that comes out.
full member
Activity: 574
Merit: 100
So which exact block ## are you forking at? Have you premined any of it already? What's the estimated date of the fork?

it's like an endless drama

They answered it a page before:
"We will be forking on January 22nd, 2018 at 11:59 PM GMT, or at block 505083, whichever comes first."
Still have 1 months to prepare everything with forking. I hope we can a new potential fork. Huhm. Bitcoin Interest - meaning we can gain interest from our own bitcoin?
full member
Activity: 210
Merit: 100
So which exact block ## are you forking at? Have you premined any of it already? What's the estimated date of the fork?

it's like an endless drama

They answered it a page before:
"We will be forking on January 22nd, 2018 at 11:59 PM GMT, or at block 505083, whichever comes first."
newbie
Activity: 13
Merit: 0
So which exact block ## are you forking at? Have you premined any of it already? What's the estimated date of the fork?

it's like an endless drama
newbie
Activity: 4
Merit: 0
Is it a new Bitcoin hardfork again? Seems like hard forks became very popular, after China has banned ICOs lol
full member
Activity: 1288
Merit: 102
You will need to transfer existing balance to other address and then use private keys to claim the new coins when they will be available in few days. This is how I did with some previous fork and it worked for me. I think we need to wait for instructions and more information to be given out.
member
Activity: 294
Merit: 10
Bitcoin interest - interesting, haha.

So this works like proof of stake? Or is this interest generation model a different mechanism?

Maybe you could draw an explanation picture or something like that.
This is still PoW as miners mine our interest payouts. Each block has two rewards, the first (larger) reward goes to the miner and the second (smaller) reward goes to the interest pools. We will work on a visual explanation of the entire process.  

Alright, thank you for your explanation. The process is now a bit clearer to me.

On which block will your coin fork? And how can we claim the forked coins?

We will be announcing what exact block soon. To claim your forked coins insert your BTC private key into our BCI wallet. Another option would be to transfer your BTC to an exchange that will be trading us at launch and hold your BTC there. They should credit your account automatically after the fork. Please contact the exchange to ensure they will be crediting BCI to your account prior to doing this.

EDIT : We will be forking on January 22nd, 2018 at 11:59 PM GMT, or at block 505083, whichever comes first.
I do not understand. Should I give you the private key from my bitcoin wallet? On which exchange will it be possible to transfer bitcoin?
full member
Activity: 1470
Merit: 103
COMBO 2.0
basically having interest on coins that i store in the wallet which is of two types the ones parked and the ones in interest pool, small percentage is shared to everyone according to users balances. I really like the idea of choosing time frames for both storage, users can be able to easily calculated their profit and choice their earning plans
legendary
Activity: 3248
Merit: 1070
at least this can aim at preveint the easy dumping from the bitcoin holder for their claimed forked coin, but the interest rate seems very low

it would be better if you give bitcoin directly for every BCI you hold
member
Activity: 380
Merit: 10
It means the new fork will done into the january.and we get bitcoin intrest into the 1:1 of bitcoin. it's really great project that gives intrest on our investment.i hope this project will successful.i wish good luck to all team members
sr. member
Activity: 518
Merit: 275
If you fail...just dont fail again
Bitcoin interest - interesting, haha.

So this works like proof of stake? Or is this interest generation model a different mechanism?

Maybe you could draw an explanation picture or something like that.
This is still PoW as miners mine our interest payouts. Each block has two rewards, the first (larger) reward goes to the miner and the second (smaller) reward goes to the interest pools. We will work on a visual explanation of the entire process.  

Alright, thank you for your explanation. The process is now a bit clearer to me.

On which block will your coin fork? And how can we claim the forked coins?

We will be announcing what exact block soon. To claim your forked coins insert your BTC private key into our BCI wallet. Another option would be to transfer your BTC to an exchange that will be trading us at launch and hold your BTC there. They should credit your account automatically after the fork. Please contact the exchange to ensure they will be crediting BCI to your account prior to doing this.

EDIT : We will be forking on January 22nd, 2018 at 11:59 PM GMT, or at block 505083, whichever comes first.
full member
Activity: 434
Merit: 100
So this project you will be making will act like a bank? Where we can get interest if we store our Bitcoins in here, if ever we store it in your Savings Community will it be converted into token? or will it act as a wallet? I'm still a little bit confused about this project so please bare with me.

yes I think that this Jproyek will act like a bank? Where can we be interested if we want to save our Bitcoin here. but I'm not so sure if we keep bitcoin or something valuable without any clear safety.
 
member
Activity: 210
Merit: 42
Bitcoin Interest is a new project that will launch on January 2018 and I'm excited about that because they're gonna be launching in the same date of bitcoin fork. What is great about this project is that you can save your coins here and still have an income that is what passive income is. This is also great because they have a mining also, but with only low difficulty. Please do share bitcoin interest and stay tuned for their launch on january
full member
Activity: 210
Merit: 100
Bitcoin interest - interesting, haha.

So this works like proof of stake? Or is this interest generation model a different mechanism?

Maybe you could draw an explanation picture or something like that.
This is still PoW as miners mine our interest payouts. Each block has two rewards, the first (larger) reward goes to the miner and the second (smaller) reward goes to the interest pools. We will work on a visual explanation of the entire process. 

Alright, thank you for your explanation. The process is now a bit clearer to me.

On which block will your coin fork? And how can we claim the forked coins?
sr. member
Activity: 518
Merit: 275
If you fail...just dont fail again
Bitcoin interest - interesting, haha.

So this works like proof of stake? Or is this interest generation model a different mechanism?

Maybe you could draw an explanation picture or something like that.
This is still PoW as miners mine our interest payouts. Each block has two rewards, the first (larger) reward goes to the miner and the second (smaller) reward goes to the interest pools. We will work on a visual explanation of the entire process. 
full member
Activity: 714
Merit: 117
There are so many forms right now that bitcointalk should start to think at creating a specific category for bitcoin forks, just as it did for tokens.
full member
Activity: 210
Merit: 100
Bitcoin interest - interesting, haha.

So this works like proof of stake? Or is this interest generation model a different mechanism?

Maybe you could draw an explanation picture or something like that.
sr. member
Activity: 518
Merit: 275
If you fail...just dont fail again
Is that a new fork from the fork? Do I understand correctly? If so, who can tell me which exchanges this will take place? Thanks in advance.
Bitcoin interest is a bitcoin fork. We are currently talking to several exchanges. We will release an updated list in the coming weeks.

Bitcoin interest is made of technology...saving bitcoin,after month they are giving interest...that is a new idea... But how much interest we get from saving..Huh
Is this really a good idea saving bitcoin then after a month we get interest?. But how they will manage this if there is a fork happen? Sounds complicated to me because I wonder how they get the interest and how secured are the investor with their savings?.

With Bitcoin Interest ("BCI") you can choose either a weekly or monthly interest period to park your coins and claim your share of the collective interest pool. When you decide to park your BCI coins you agree to not move your coins until the current round has ended. If you choose to move your BCI coins before the round has ended, you will not receive an interest payment which is why it is in your best interest to lock in your coins for the duration of the round. The Weekly interest pool collects 30% of each interest block reward while the Monthly interest pool collects 70% creating an incentive for you to park your BCI coins for a longer period of time to reap greater rewards. As far as security, you always hold your coins. Your coins are never at risk as they do not need to be transferred to us to participate.


So which exact block ## are you forking at? Have you premined any of it already? What's the estimated date of the fork?
Our fork will be released in mid-January. More details on premine, dates, and block number we are forking at will be released in the coming week.

can you share the mining pool link
Mining pools will be announced soon, please subscribe to this thread and join our new telegram group:  https://t.me/bitcoininterest

HeyOP,
As of now, your ANN sounds like mere words only.
If I were you I would, first of all, demonstrate project's source code, cause in your case it really matters.
Until it's publicly available I don't see any reasons to discuss it further, cause there are tons of questions to be.
We couldn't agree more. Our source code will be released by the end of this week. After you review it please let us know if you have any questions.


New fork of bitcoin? If i have 0.01BTC, how interest i will receive it? And have any bounty for this, i reserve for translator.
How much interest you receive depends on the total amount of BCI that is parked in the same interest pool as you are and what percentage of that are your coins. So if you are the only person who parked BCI in one of our interest pools, then you will get all the coins for that cycle, even though you only have 0.01btc. However, if there is 100 BCI parked, then you will receive .01% of what is in that specific interest pool for that cycle.

Your last project and your longtime project, stamps, and soferox, did you forget about its development? I just wondering why you create a new project instead of developing your 'neglected' old project.
Soferox is in no way behind on their roadmap or development. Stamps ICO will launch Jan. 20th, we have been featured in numerous publications and have an active telegram group. Nothing is being neglected. If you have any specific question about stamps, please email [email protected]. To reach the Soferox team, please use this form: https://www.soferox.com/Home/Contact.












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