Topic: [ANN] FedoraCoin (TiPS) - New Dev team: Fedoracoin Foundation - page 20. (Read 111289 times)

Hi Cryptoid,

Thanks for the feedback! We are still developing it but we will share the burn algorithm before any action takes place so that people can study it and be confident. At this stage we are sharing ideas with the community.

All the best
Robots

On the swap I agree! 1: 1 !!! garbage to burn...

I do not agree swap or hard fork ,It will lost value，Such as paccoin and mooncoin

What mechanism or procedure would be used to confirm that swapped old TIPS are burned, assuming they are burned?

Hi Robbie,

Thank you very much! Really appreciate the positive feedback

The new coin will definately be faster, we're still testing at the moment so can't confirm exact speed.  But this is a foundation step in our roadmap - once this is done we're building another network to support real time transactions anyway. Probably based on bitshares, which has three second latency. That'll support the mobile wallet use case.

Please keep the feedback coming!

Cheers,
Robots.

Better but is that enough for future use , and have you thought of staking ?
Maybe a good idea , since a lot of coins have been mined already ! And as an incentive to leave your wallet open and for lower impact on the environment...

Like and support new changes.

Block time is 1 min. And faster in new TIP

Best news I have heard since a long time !
Great new ideas and must say the voluntary swap is Genius !
However the block time needs to be faster than three minutes !
I you want to “ play “ with the big boys you need confirmations in seconds , not sure if that is even possible but see there are coins that are there already !
Also the fact that ASIC mining is over is a good thing I think ....
Great work all you guys and keep up the good work !

Hi all.

The project team have been studying the market situation for Tips and also the issues with the legacy Tips technology.  After a lot of research we recommend a change of direction for the Fedora technology. We are sharing our thoughts to get your feedback.

- In spite of the work we’ve done, TIPS (in it's current form) has reached it’s limits – for a range of reasons, but community sentiment & price bears that out.
- Tips price is vulnerable. We achieved solid growth for several months following the relaunch in March, even against the wider crypto market drops.  But this has been challenged by large amounts of selling that are beyond our control.
- We want to grow value, improve usability and continue building on the roadmap we developed
- To achieve these goals we need better tech
We propose to build a new Fedora coin (we call it TIP) that addresses all these concerns.
- This will NOT be a hard fork - we propose a voluntary swap
- Swap rate for TIPS -> TIP to be determined still, but probably something like 10:1 or 25:1
- Moving from TIPS -> TIP will be ENTIRELY voluntary
- The swap will be long term - possibly no end date at all so people can wait & see: if the NEW Tip gains value, you can switch from Tips anytime to TIP.  If it doesn't, you can hodl your Tips and ignore TIP
- We will CONTINUE support for legacy TIPS

What will the new TIP look like?
- Private: The new Fedora Tip will provide full PRIVACY features, which will be optional
- Even faster: The current Tips usually confirms in about 3 minutes.  The new Tip will be at least half that speed, possibly faster (we are researching at the moment)
- Mining for All: No ASIC mining - our planned tech stack will ONLY support small scale mining - CPU's, desktop wallets, etc.
- Mobile: We expect to have a mobile wallet far sooner with the tech we are working on for the new Tip
- When: Time for starting the swap is likely 4 to 6 weeks away.  We don't have a planned end date and may keep it open indefinitely.

We would love to hear what your thoughts are.  Please share any questions/concerns/ideas that you might have.

Cheers!
Robots.

The current BE is at https://tipsbe.netcraft.ch/ .

HTH

I assume we have a block explorer still running somewhere?

Hi Brian!

Honestly not sure why CMC does what it does - it's a mystery!

We're kicking around a few ideas about the future - are you a dev? Interested in being involved in the team?

Cheers,
Robots.

I see this transaction and many more from the original posters account have been resolved and reprocessed.

Sometimes transactions out of our wallet fail and we need to manually check to be sure we can reprocess. We apologise for the delays this can sometimes cause.

Please only send support tickets to:

https://coinexchangeio.freshdesk.com/support/home

Hi team- What's the plan before we're getting to max supply? We're at 490613209651.1838 coins in circulation at this point. Also how does CMC show current coins in circulation 212,269,865,434, where do they get that from?

It's the whole market. Next bull market TIPS might take off if they can deliver before it happens 

Not just Lack of Price action ! How’bout Lack of Dev Action ?

Surprised to see to see the lack of price action in the last two months.  It was doing great before that.

Looking forward to seeing more detail on it. This sounds like a good idea 

Hi Delphinus,

Thanks for that! Well probably the key thing is that we are making NO CHANGES AT ALL to the Tips POW architecture.  This is fundamental!! We recognise the huge value of keeping the existing POW structure the way it is.  We will be integrating a 2-way bridge to bitshares that enables the real time trading & tipping, but that will be separate to the Tips infrastructure.

We hope to release some architecture & web wallet designs for feedback in early/mid August, so please keep an eye open!

Cheers,
Robots