[ANN] FedoraCoin (TiPS) - New Dev team: Fedoracoin Foundation - page 14.

ride22

member

Activity: 131

Merit: 10

Quote from: robotsoutofcontrol on September 10, 2018, 07:50:32 PM

Quote from: Delphinus on September 10, 2018, 07:35:18 AM

Quote from: ride22 on September 10, 2018, 07:04:52 AM

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.

robotsoutofcontrol

member

Activity: 169

Merit: 10

Quote from: Delphinus on September 10, 2018, 07:35:18 AM

Quote from: ride22 on September 10, 2018, 07:04:52 AM

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.

R-J-F

sr. member

Activity: 1078

Merit: 310

AKA RJF - Member since '13

Quote from: Delphinus on September 10, 2018, 11:16:55 AM

Quote from: R-J-F on September 10, 2018, 10:20:49 AM

Quote from: ride22 on September 10, 2018, 07:04:52 AM

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.

I would prefer 25/1 but I agree, 50/1 is a lot of loss at least theoretically. I suppose the associated drop in supply and increase in value will make up for the loss in the long run.

I hope that 50/1 gets us safely on the BTC markets. ETH, DOGE, etc are just to small trading pairs.

That would be nice...

Delphinus

full member

Activity: 560

Merit: 113

Quote from: R-J-F on September 10, 2018, 10:20:49 AM

Quote from: ride22 on September 10, 2018, 07:04:52 AM

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.

I would prefer 25/1 but I agree, 50/1 is a lot of loss at least theoretically. I suppose the associated drop in supply and increase in value will make up for the loss in the long run.

I hope that 50/1 gets us safely on the BTC markets. ETH, DOGE, etc are just to small trading pairs.

robotsoutofcontrol

member

Activity: 169

Merit: 10

Quote from: psycodad on September 10, 2018, 07:35:07 AM

I assume swapped TIPS will be burned.
Could someone let me know the burn address, so I can add a label for it in the block explorer?

TIA

Hi PD,

Thanks yes they are! Will update soon once I get the details from Joja re the proof of burn

Cheers
Robots.

Schenonspoutan

newbie

Activity: 25

Merit: 0

What are the basic measures you are going to take for mapping the decentralized data because most of the companies are looking for different types of data, from where you are going to collect the data?

R-J-F

sr. member

Activity: 1078

Merit: 310

AKA RJF - Member since '13

Quote from: ride22 on September 10, 2018, 07:04:52 AM

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.

I would prefer 25/1 but I agree, 50/1 is a lot of loss at least theoretically. I suppose the associated drop in supply and increase in value will make up for the loss in the long run.

Delphinus

full member

Activity: 560

Merit: 113

Quote from: ride22 on September 10, 2018, 07:04:52 AM

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.

psycodad

legendary

Activity: 1612

Merit: 1608

精神分析的爸

I assume swapped TIPS will be burned.
Could someone let me know the burn address, so I can add a label for it in the block explorer?

TIA

ride22

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.

Delphinus

full member

Activity: 560

Merit: 113

Transferring all my TIPS to Gate.io for more voting power

myc066

member

Activity: 201

Merit: 10

Quote from: Wilson.Paula on September 09, 2018, 05:45:13 PM

The team of this business is very experienced I think, now when i look at them on the website.Do you plan to hire more people in the future for a full-time job? Thanks

The team will steal money.Do not believe them

robotsoutofcontrol

member

Activity: 169

Merit: 10

Quote from: Wilson.Paula on September 09, 2018, 05:45:13 PM

The team of this business is very experienced I think, now when i look at them on the website.Do you plan to hire more people in the future for a full-time job? Thanks

Given that we all work for free I would say unlikely

Wilson.Paula

newbie

Activity: 14

Merit: 0

The team of this business is very experienced I think, now when i look at them on the website.Do you plan to hire more people in the future for a full-time job? Thanks

John_WCR

newbie

Activity: 214

Merit: 0

Quote

I took a quick look on your website and whitepaper, sounds very promising, if you can deliver it will be a revolutionary platform

Gold words. I think it will be so, and the price tag will fly at least 3 times by the end of the month.

robotsoutofcontrol

member

Activity: 169

Merit: 10

Quote from: neyworfigh on September 08, 2018, 08:20:48 AM

Hello Team, can you elaborate on the Physical POS Terminal i read on Ann page? Does it means that there will be POS on mobile as well?
Do you have a bounty program?

Hi there,

There is no mention of a physical POS terminal on the OP - are you sure you're referring to Tips?

We are however planning support for merchants and face to face sales in our upcoming mobile/web wallet. The initial mobile/web wallet release is due later this year, with the more complex merchant functions early next year. But the initial mobile release will allow you to TIP/BUY/SHARE from one mobile device to another, at REAL-TIME.

Keep watching here and at www.twitter.com/fedoratipscoin for more, and please vote YES for the swap if you hold on Gate.

Cheers,
Robots.

robotsoutofcontrol

member

Activity: 169

Merit: 10

Quote from: kalunomics on September 08, 2018, 08:42:06 PM

There is a lot going in with this coin lately that makes one feel this might be the next Dogecoin in the making. The community is building slowly and the prize is moving positively over time. I might just get some bag before we finally leave for moon

Quote from: DavidCal on September 08, 2018, 05:46:26 AM

I am taking part in the bounty, I already raised a lot of coins, especially without spending time. In the future I plan to actively invest in this project, the prospects are visible not with an armed eye.

What bounty is going on for the project? Would like to take part in it

Hi Kalunomics,

Thanks so much, really appreciate your positive sentiment. Please follow the twitter and check the website (www.twitter.com/fedoratipscoin, www.tipsco.in) for the latest - particularly our swap we have coming up at the end of the month.

We're moving to the CryptoNote protocol, and becoming part of the Bytecoin family

Lots of cool features like realtime transactions, privacy options, new wallets, a mobile/web wallet in a few months! The swap is all part of the long term Fedora Tips Vision:

The Fedora vision is for Tipping and Transacting in Real time, face to face or online. We NEED tech that supports our roadmap. Stuff like privacy, speed, mobile/web wallets & more. The NEW #CryptoNote based Tips comes with these features out of the box!

There's NO bounty BTW - I think that post you quoted was somebody a little confused I'm afraid. We are planning an AirDrop for October however, although no fine details yet - too busy on the swap.

BTW - IF ANYBODY IS A HOLDER ON GATE - PLEASE VOTE YES FOR THE SWAP!!!! https://gate.io/article/16620

Thanks & keep following!

Robots.

kalunomics

full member

Activity: 630

Merit: 103

There is a lot going in with this coin lately that makes one feel this might be the next Dogecoin in the making. The community is building slowly and the prize is moving positively over time. I might just get some bag before we finally leave for moon

Quote from: DavidCal on September 08, 2018, 05:46:26 AM

I am taking part in the bounty, I already raised a lot of coins, especially without spending time. In the future I plan to actively invest in this project, the prospects are visible not with an armed eye.

What bounty is going on for the project? Would like to take part in it

neyworfigh

newbie

Activity: 28

Merit: 0

Hello Team, can you elaborate on the Physical POS Terminal i read on Ann page? Does it means that there will be POS on mobile as well?
Do you have a bounty program?

RobbieRich

jr. member

Activity: 223

Merit: 1

Price is moving up...

Topic: [ANN] FedoraCoin (TiPS) - New Dev team: Fedoracoin Foundation - page 14. (Read 111289 times)