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Topic: [ANN] FedoraCoin (TiPS) - New Dev team: Fedoracoin Foundation - page 13. (Read 110943 times)

member
Activity: 169
Merit: 10

So, it's the 25th now, anything happening with the swap or do I have the dates wrong?

Hi RJ,

Sorry - we sometimes get to Bitcointalk late as the other channels are so busy!

We are currently planning on DROPPING the new coin as opposed to swap. That is the agreed approach with Coinexchange and Altilly, we are still negotiating with the other exchanges. This is based on feedback & discussion with the community. 

The airdrop is happening during October, precise dates to be confirmed as the exchanges are in the process of integrating the new CryptoNote based wallet. 

The new coin is called Fedora Gold (FED ticker).  Same tech as developed all along these past few months, same ratio of old:new 50:1

Please keep an eye on the twitter for latest: http://twitter.com/FedoraTipscoin
https://web.telegram.org/#/im?p=@FedoraTipsCoinOfficial

Thanks!
legendary
Activity: 1604
Merit: 1564
精神分析的爸

So, it's the 25th now, anything happening with the swap or do I have the dates wrong?

Coinexchange.io recently changed their announcement from "swap on 30th Sep" to
Quote
The date of this is undecided and will be announced as soon as possible.

It seems they know something we don't.
sr. member
Activity: 1078
Merit: 310
AKA RJF - Member since '13

So, it's the 25th now, anything happening with the swap or do I have the dates wrong?
sr. member
Activity: 1078
Merit: 310
AKA RJF - Member since '13

Looks like it or, two morons with a total of 4 brain cells. Hard to tell...  Grin
sr. member
Activity: 1078
Merit: 310
AKA RJF - Member since '13

Hey Devs! (if your still here) One question: Why Bytecoin? Other than the algorithm, what does Bytecoin code bring to the table?

Hi RJ yep we're here!! Just been very busy with the changeover to the new tech!

Basically - we chose to become part of the Bytecoin stable of coins because of the CryptoNote protocol.  

  • REALLY fast transactions - ie: able to use it shopping in the street, bars, restaurants, TIPPING! Particularly when you use it with our soon to be released web wallet
  • Has a web wallet available (which we will be massively updating & expanding on)
  • Brings in FULL privacy features
  • CryptoNight mining algo (which we have further enhanced & customised)
  • It's very robust & up to date.
  • Got a big development community

Plus other cool stuff Smiley

Oh yeah - since we're now part of the Bytecoin family - we hope to be able to grow the Fedora community, adoption and value by cross pollinating messages & ideas with the wider Bytecoin/CryptoNote community.

Cheers!
Robots


Fair enough, sounds good!

jr. member
Activity: 223
Merit: 1

Hey Devs! (if your still here) One question: Why Bytecoin? Other than the algorithm, what does Bytecoin code bring to the table?

Hi RJ yep we're here!! Just been very busy with the changeover to the new tech!

Basically - we chose to become part of the Bytecoin stable of coins because of the CryptoNote protocol.  

  • REALLY fast transactions - ie: able to use it shopping in the street, bars, restaurants, TIPPING! Particularly when you use it with our soon to be released web wallet
  • Has a web wallet available (which we will be massively updating & expanding on)
  • Brings in FULL privacy features
  • CryptoNight mining algo (which we have further enhanced & customised)
  • It's very robust & up to date.
  • Got a big development community

Plus other cool stuff Smiley

Oh yeah - since we're now part of the Bytecoin family - we hope to be able to grow the Fedora community, adoption and value by cross pollinating messages & ideas with the wider Bytecoin/CryptoNote community.

Cheers!
Robots

Cross-coin-community may be the future....
member
Activity: 201
Merit: 10
jr. member
Activity: 223
Merit: 1
A 20% pre-mine is a rough way to start.  A lot of people are going to scream scam coin.  

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips.  

It's not a 20% pre-mine for the developers. You need to mine coins for the swap.

The actual "pre-mine" is 10%, of which 5% goes to the developers (2% for airdrop, 3% for listing fees).
If they lock up 80% of that amount, only 1% of the supply will be available to pay developers in the short term. It's not a lot.

I just hope that reserving 80% of the supply to pay miners, doesn't mean they get paid an incredible amount. They'll dump it to earn money (suppressing the price for everyone) and devaluate the price for all holders who do not mine. That's the part I'm worried about, but it's the downside of a coin that can be mined.

[/quote

Thanks Delphinus, appreciate your thoughts!

Actually the mining algo is fairly modest. Since it only runs on CPU's as well, you can't spin up a huge farm and mine a massive quantity. We're hoping however that the modest rewards will appreciate of course!

We should have a mining pool available pretty soon if you're interested.

Cheers,
Robots.

Don’t underestimate Bitmain.....
member
Activity: 169
Merit: 10

Hey Devs! (if your still here) One question: Why Bytecoin? Other than the algorithm, what does Bytecoin code bring to the table?

Hi RJ yep we're here!! Just been very busy with the changeover to the new tech!

Basically - we chose to become part of the Bytecoin stable of coins because of the CryptoNote protocol.  

  • REALLY fast transactions - ie: able to use it shopping in the street, bars, restaurants, TIPPING! Particularly when you use it with our soon to be released web wallet
  • Has a web wallet available (which we will be massively updating & expanding on)
  • Brings in FULL privacy features
  • CryptoNight mining algo (which we have further enhanced & customised)
  • It's very robust & up to date.
  • Got a big development community

Plus other cool stuff Smiley

Oh yeah - since we're now part of the Bytecoin family - we hope to be able to grow the Fedora community, adoption and value by cross pollinating messages & ideas with the wider Bytecoin/CryptoNote community.

Cheers!
Robots
sr. member
Activity: 1078
Merit: 310
AKA RJF - Member since '13

Hey Devs! (if your still here) One question: Why Bytecoin? Other than the algorithm, what does Bytecoin code bring to the table?
newbie
Activity: 210
Merit: 0
Quote
Yes, you are! Go bother some other project. Idiot...
- I support these words of yours!!!
sr. member
Activity: 1078
Merit: 310
AKA RJF - Member since '13
big scam  Angry Angry

Yes, you are! Go bother some other project. Idiot...
newbie
Activity: 210
Merit: 0
Waiting for 1 Target: 0.005 doge

Waiting for 2 Target: 0.0075 doge

P.S. I know - a group of pumps!
newbie
Activity: 4
Merit: 0
member
Activity: 86
Merit: 10
Supporting FedoraCoin (TIPS) since late 2013, old mining pool still up :

https://fedora.poolto.be

Coin swap will be done on time.
Join us! Smiley
newbie
Activity: 210
Merit: 0
Who did not have time, he was late ...  Wink
jr. member
Activity: 223
Merit: 1
A 20% pre-mine is a rough way to start.  A lot of people are going to scream scam coin. 

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips. 

It's not a 20% pre-mine for the developers. You need to mine coins for the swap.

The actual "pre-mine" is 10%, of which 5% goes to the developers (2% for airdrop, 3% for listing fees).
If they lock up 80% of that amount, only 1% of the supply will be available to pay developers in the short term. It's not a lot.

I just hope that reserving 80% of the supply to pay miners, doesn't mean they get paid an incredible amount. They'll dump it to earn money (suppressing the price for everyone) and devaluate the price for all holders who do not mine. That's the part I'm worried about, but it's the downside of a coin that can be mined.


Thanks Delphinus, appreciate your thoughts!

Actually the mining algo is fairly modest. Since it only runs on CPU's as well, you can't spin up a huge farm and mine a massive quantity. We're hoping however that the modest rewards will appreciate of course!

We should have a mining pool available pretty soon if you're interested.

Cheers,
Robots.

I would be interested in mining as well. 
Count me in !
member
Activity: 131
Merit: 10
A 20% pre-mine is a rough way to start.  A lot of people are going to scream scam coin. 

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips. 

It's not a 20% pre-mine for the developers. You need to mine coins for the swap.

The actual "pre-mine" is 10%, of which 5% goes to the developers (2% for airdrop, 3% for listing fees).
If they lock up 80% of that amount, only 1% of the supply will be available to pay developers in the short term. It's not a lot.

I just hope that reserving 80% of the supply to pay miners, doesn't mean they get paid an incredible amount. They'll dump it to earn money (suppressing the price for everyone) and devaluate the price for all holders who do not mine. That's the part I'm worried about, but it's the downside of a coin that can be mined.


Thanks Delphinus, appreciate your thoughts!

Actually the mining algo is fairly modest. Since it only runs on CPU's as well, you can't spin up a huge farm and mine a massive quantity. We're hoping however that the modest rewards will appreciate of course!

We should have a mining pool available pretty soon if you're interested.

Cheers,
Robots.

I would be interested in mining as well. 
member
Activity: 169
Merit: 10
A 20% pre-mine is a rough way to start.  A lot of people are going to scream scam coin. 

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips. 

It's not a 20% pre-mine for the developers. You need to mine coins for the swap.

The actual "pre-mine" is 10%, of which 5% goes to the developers (2% for airdrop, 3% for listing fees).
If they lock up 80% of that amount, only 1% of the supply will be available to pay developers in the short term. It's not a lot.

I just hope that reserving 80% of the supply to pay miners, doesn't mean they get paid an incredible amount. They'll dump it to earn money (suppressing the price for everyone) and devaluate the price for all holders who do not mine. That's the part I'm worried about, but it's the downside of a coin that can be mined.


Thanks Delphinus, appreciate your thoughts!

Actually the mining algo is fairly modest. Since it only runs on CPU's as well, you can't spin up a huge farm and mine a massive quantity. We're hoping however that the modest rewards will appreciate of course!

We should have a mining pool available pretty soon if you're interested.

Cheers,
Robots.
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