DO NOT INVEST IN THIS COIN
Rumor around crypto circles is that this dev group has worked with a Russian Group to release the mining early, which is a cryptonote classic mine-able coin.
THIS MEANS MASS ASIC MINING IS CURRENTLY HAPPENING, WHEN THEY PROMISED A ASIC RESISTANT COIN.
The russian group has been mass mining, taking the majority control of the coin and having hundreds of millions of coin head start on the rest of the community.
Dev group has missed ALL of their targets.
DO NOT INVEST IN THIS COIN
WORD IS GETTING OUT TO AVOID THIS COIN.
PROCEED WITH CAUTION.
SAVE YOURSELF MONEY AND TIME.
Hello,
Thanks for your thoughts! That's a lot of assertions for one post, it's clear you have based your opinions on somebody disgruntled. You're of course welcome to them, so I will make a few comments for the benefit of the community.
Firstly - the Fedora Gold network is based on a custom variant of CryptoNite v7. What that means is that it remains reverse compatible with CryptoNote mining in general, however anybody using a vanilla CryptoNote miner will receive only about 25% of the actual rewards. That is intentional.
If you mine using our actual custom algo (which you can do at youpool.io for instance) then you will be participating in 100% of the rewards. In the future, we will incorporate wallet based mining (also linked to the custom algo) which will allow all holders to benefit from mining if they so choose.
Second - we talk with anyone and everyone who is part of the Fedora community. We certainly have no exclusions based on nationality or race! Your implications about talking with Russians is an insult to all nationalities. What I can state is that this is a very low emission coin with a low inflation rate (currently mining about 4M/day). The chain will last around 50 years, so any mining in the first few months is quite small.
Finally - regarding the roadmap. For the first half of 2018 we met every deliverable on the Fedora roadmap like clockwork. Around the middle of the year it became apparent that Tips was rapidly approaching end of chain. This required a major mitigation strategy which ultimately led to the creation of Fedora Gold - the FED coin. This is the coin that we will use to build out our use cases, and which has proven to be very successful so far in terms of resistance to attack.
As per the roadmap - we are delivering entirely as planned.
We released the new FED coin in September, it was listed on Altilly.com almost immediately. The linux CLI wallet was released at that time as well. Coinexchange are working to list FED coin very soon. We obviously do not control CE - we are one of hundreds of coins that the CE team deal with. So we can't say exactly when CE will list us but we hope very soon.
Fedora Gold GUI wallets are being tested right now. These are responsive wallets that will be available for mobile & desktop platforms. And our plans for the first quarter of 2019 remain on track.
Cheers,
Robots.