Topic: [ANN] FedoraCoin (TiPS); New style, new services, same unique features - page 49. (Read 181070 times)

Agree with RJF. Just go for it

Just bought a few TiPS and will donate 10M to this endeavor. Its win - win.

Otherwise, how about targeting the Points/Miles/Tips market in the travel and tours industry? Roll the points system into a reputation system running on the blockchain for all parties involved. My vision is to allow the smaller players in the market to gain traction and well deserved ratings that can be verified in a decentralized manner.

Pseudo-anonymity would allow the coins to be "colored" with the trip/safari that they have been through. A coin could arrive at your address with a whole storyline traversing the world from Maasai Mara to the Hilton, all implemented in the coin. Travel operators could purchase the coins to tip their customers, coloring the coins with redeemable discounts, which add value to the coins and would be exchangeable ( I have a trip to Hawaii, but have discounts in Malibu, a peer to peer exchange could list all available coins with their "color", and we have a way of exchanging value beyond the coins)

Please futher expand upon and refine this idea into a workable and practical solution.

I, for one, would not have a problem with you managing a second wallet installation and making the address public to this community so it can be chacked against donations and withdrawals
.

I 2nd this plan:
Convert to POS
Consider a high staking interest rate to attract attention. Inflation rates can be planned for in advanced and easily controlled I am told. Study Hyperstake/Truckcoin experience to date.
Burn several billion coins
Issue V2. Tips or whatever
Drop Fedora name
----------------------
I am gonna start now buying more Tips.
I think a billion before the burn, if this happens and I think it will,  would be quite sufficient to make a significant profit.
Best of energy to this Dev and all supporters!

not yet, I need more feedback from the community about the questions I posted regarding that. Should I just create a new address on my computer wallet, or make a cold wallet (I need help since I never done that before). Also we need to get the reddit community to agree on that as well! (many are there but don't use BTCTalk)

Do you have an address for the denotation/development wallet yet? I've been off for a few days and I see things are progressing nicely, great job!

Next on the agenda for us as a community:

1- discuss and decide on the fundamental changes for our new start: what do we want to change about the code (TiPS 2.0)
2- volunteer and fill the lists on Brain of TiPS
3- start using the trello boards (incl. community board)
4- decide on devs
5- agree on funds wallet format


Other tasks:
- sort out ideas files
- answer the questions in the Temp folder
- decide and start using the needed tools (redbooth, trello, hojoki etc) and put those in the announcement post and reddit.

Ladies and Gentlemen I present to you..



Current Obstacles:
We have some issues which we need to solve, and some fundamental changes would solve those and put us in a strong starting position. We need to avoid the following problems:

• 1. No funding available to pay for developers, websites or any new endeavours. This problem is already on the list of issues we need to solve, but the suggestions I’m going to propose next might also be a viable solution.
• 2. As soon as price of TIPS goes to the 50ltc again, we will probably face the exact same problem that caused the sell off in the first place: Miners getting a lot of tips then dumping them. This means until maybe 80% of the coins are mined, we will not be able to get the price higher. Is that a problem? I don’t know, you tell me
• 3. Being on the ltc market instead of btc means we are dependent on the success of ltc and other cheap coins, and volumes there are always lower than btc meaning lower volumes for us and less success.

Current strengths of TIPS

• A coin mixing service (needs transaction volume) that provides a level of anonymity
• A large number of coins ( too large ?? )
• The symbol TIPS
• w/fedoracoin payments system https://pay.withfedoraco.in/

Plan layout

• Redesign TiPS 2.0 with optimal choices of algorithms.
• Focus on project building, business and value creation. Businesses are designed and developed by the community through groups of collaboration.
• We will create an entire economy, study what markets we need to cover and expand in a constructive way that each new market supports and depends on other areas we cover. We will be a fruitful environment that produces new successful businesses through support and coordinated planning.

We need to define our goals and markets where TIPS will offer its services and concentrate on that:
discuss on forum what markets we want to target… See this post

TiPS 2.0 - Proposal for a New Start
Our coin is now at the lowest prices it has ever been at (regarding price per coin) after a continuous drop caused majorly by multipools mining and dumping. Now we either can come up with a new plan and ways to counter that and reinvent ourselves, or I see no hope for TiPS to survive for another year. A few other things we need to deal with are listed in the TiPS Plan document along with possible solutions. But the fundamental suggestions to consider are listed here and need to be discussed and decided upon by the community.

Fundamental Changes
Basic issues to solve and go beyond:

• 1. Switch to POS - reasons:
  multipools: they make money by mining TiPS instead of the community, dump and hurt TiPS. Vs POS algorithm where the community supports the network instead of hardware owners and the community gets rewarded with the new TiPS through this. This would support the price as well since less people would be selling and preferring to stake. If we make progress and go up to 50lit while still on the POW algo, remember that multipools will jump right in again and mine and dump our coin to oblivion just like they did before.
  reserve a pre-mine for development support! This will solve our problem of lack of funds and we can pay programmers, designers etc and afford to do all kinds of things that cost money. Otherwise not sure donations would be enough for us to do the job. Objections to a premine usually stem from lack of trust, which I’m sure is an issue that can be solved somehow without throwing out the idea altogether, eg. multisig fund account managed by a voted for list of members. Besides it’s the same trust issue if we would do that only through donations.
• 2. Reduce total count of coins - reasons:
  Being on the ltc market instead of btc means we are dependent on the success of ltc and other cheap coins, and volumes there are always lower than btc meaning lower volumes for us and less success. Personally I believe LTC will be dying and doesn’t really deserve to survive, they have no innovation whatsoever. Regardless, a larger market (BTC) is what we need. current wallets can swap their coins for the new TiPS 2.0 coins to hold the same percentage of total count, then start staking and earning TiPS!

In conclusion: switch to a POS algo (look into NXT algo, other community suggestions) and reduce total number of TiPS. Look into PND who succeeded in both switching to POS and reducing total count.


Further Ideas

• TiPS multipool: people with hardware wanting to earn TiPS and support it can use the pool to mine other coins then sell automatically for TiPS thereby supporting the price and earning TiPS. A part of these earnings on the TiPS multipool would then go to the development fund of TiPS to support further development and all that is needed.
• don’t fear change if it makes sense. 3lit does not indicate any change is coming soon if we don’t do that ourselves.
• similar business minded strategy to karmaShares: “If you have 5 million coins in your wallet, you automatically are a shareholder in the KarmaSHARES LLC business and can earn profits if and when there are any to distribute.” Since we want to be business focussed this would make a lot of sense, the spin-off companies generated here would issue Assets and distribute a good percentage of them to TiPS holders, similar to what BitShares is doing. Or the spin-off companies just pay out a percentage of their earnings to the nodes of TiPS. We could also learn something from how btcd is planning to distribute their network gains to the holders.
• the 5% pa. percentage or so for staking is always generated, if there are less stakers and thus supporters for the network, the total 5% will be distributed to them, thus they will generate more coins for supporting the network.
• TIPS community is what matters! community suggests all kinds of changes and votes on them and implements them. the devs etc must follow what the community wants, we all work to make things better for all.
  
• create a business development fund, it will support business ideas from the community to enable their realization. The fund will be managed also by members with more expertise who can give advice and help those projects to succeed. When the business project then starts, assets are issued and a part goes to the community, another is on the market for further investments to create a starting capital for the business.

Conclusion - TiPS 2.0
- switch from POW to POS?
- Reduce number of coins?
- Change name to TiPS only?
- new blockchain?
- premine for a development fund?
- other suggestions?
- further ideas suggested by members through chats and posts here.


Our Methods

• We are Sirs Tipsalot, keep the love moving and exchange of ideas and tips this will keep the community involved and active which is what we’re about. Make this a meme with a picture of Mr. Tipsalot (in the spirit of Mr. Men) as the theme of our forums.
• A regular "State of TiPS” newsletter, a report from our organization to keep the community up to date and raise awareness about all the things going on in our community, what’s being discussed, what are the future plans of each node etc
• Create games and memes.
• Contributing and being an uplifting spirit in the community is cool and will be rewarded and encouraged through social recognition for example. We can have an honor member of the month etc, best ideas, best posts etc. This will help shape the theme of our community and our methods of work! It will help us create a community of tireless enthusiastic creative individuals, it’s our way of being!
• PR efforts, publishing articles about upcoming things to attract attention and investors.
  what do you think of creating something similar to KarmaShares LLC? it’s a good idea to offer returns on investments in the projects we create. Holders of TiPS can be automatically share holders and be rewarded a part of the profits made through our TIPSshares.
• TiPS is the golden opportunity for a take over and a remake, by devs and investors alike. get 1B TIPS at these prices, and work on the coin to get 100-1000 times ROI in a year! what could be a better motivation for anybody really?

ps. Anonymity features might not be of value on the markets we target, also in the near future with the evolving technology it might become much easier to implement when the time is right. I’m not sure how much anonymity this provides, needs discussion with the devs, and I suggest anonymity should not be on the priority list. On a further note it might make sense for us to integrate with btcd and become a telepod terminal (but not easy and need to be chosen by their devs) since we have a mixing service, which would bring returns to the TiPS community from the planned super network. Or just implement their library in our code and use their API to use the telepod technology for anonymity transfers.

pps. Thanks to mouseman for the fruitful discussions and his long letters regarding TiPS 2.0!

haha I see! this makes more sense :p. (ok guys we need to go back to our golden era in March )
Checked the transaction now, I can only say: Damn You Cryptsyyy . still not confirmed will take them some time I guess. Don't know the reason though (have you guys withdrawn tips recently from cryptsy??).

Please be aware that the vote on the book thread closed on the 16th of March (My partner's birthday)

I have not received a donation yet lol

wow guys, I see FedoraCoin has the third highest ranking after NXT, Particle, and Ultracoin. I thought we were 'very inactive' recently, but those numbers are really encouraging! We just need to wave our hands (on our keyboards I guess) and TiPS can be soon on the top ranking of the Altcoins! Never give up

hey Tyke, I hope you receive the 1m TiPS I kinda forgot to confirm the exchange email for few days but now they must be out. Excited about reading your book!

Hello to all,

I am currently writing the four page section for TIPS in the book called Cryptocurrency "The Alt-ernative" A Beginner's Reference.  


https://bitcointalk.org/index.php?topic=483187.260

TiPS has had a very interesting history so far  

I will post a preview section tonight.  

thanks glad to hear that! yah we need devs and actually TiPS is in a unique stage of it's life with the price so low but potential so high if it gets picked up by a dedicated team. so any dev who has the skills could buy a big stake and increase his investment value by a 100 fold easily in half a year. the search for devs continues so if you have anybody in mind talk to them!


interesting to know that somebody was successful which means it's doable. hey we need to build a team for the Research Node, interested in volunteering? such info are always helpful and then we can look more into how they did it to learn from their experience.
If you look at the excel file 'Brain Of TiPS' you can see what teams we need, so everybody feel free to volunteer and help no matter how little!

hi MuchFlyy, I'm not sure why those coins fell after POS implementation didn't look into them but it might also be due to the fact that all coins have been plummeting in the recent period. If you have an argument why POS would cause the price to fall please let me know! In general terms, I think POS has many benefits as opposed to POW and would help the stability at least in the long run. That's because, with POS the owners of the coin get to support the network instead of the few who own hashing hardware and the multipool which care only about profit and have already hurt us a lot and were a major reason why we fell this deep. And with POS those who believe in the coin and use it will be earning coins, and it makes more sense to me that the bagholders of the coin get rewarded with the new coins, which they usually wouldn't sell, instead of hardware owners getting these coins (wasting a lot of energy and costs), laying a selling pressure on the market and hurting the bagholders.
And on lowering the maximum count of TiPS, the reasoning behind this is for us to be on the btc market instead of the ltc market, so we would have access to a larger market with more volume. I think this would just help the coin reach its potential more easily. The currently available coins in the wallets would get swapped for the new TiPS 2.0 coins, so let's say we would create a new block chain for it, then the addresses on the old chain can send their coins to a given address where the coins get burned, and the owner gets a proportionate amount of the new coins. I believe other coins have done it or are in the process of doing it, so it seems like a safe and viable option.
About the donations I'm not sure, I guess we need to have the devs first who preferably can buy their own stake in TiPS to get invested so that not much donations are needed. It seems that a 10% donation from bagholders is a number all (those who commented) agreed upon, and I think we can create a multipool after switching to POS where those of us who have hardware can mine other coins and sell them to buy tips thereby supporting the price instead of dumping! and then a portion of the pool gains gets donated to the development fund.
Does that make sense?

PND coin has done it succesfully so far, by reducing the number of coins and switching to POS, but they do have a dedicated dev team.

You are doing an amazing job to revive this coin and is much appreciated.
We still need some interested devs to carry this coin forward as new features could be the only thing which can stir interest.

id10tothe9
Nice to see that someone is still looking after TIPS.
What will happen to the current coins in wallets if we switch to the POS?
There isn't any demand on TIPS right now, switching to POS might completely kill the coin. As with MINT, ZEIT and RDD, prices creeped down after POS implementation.
Lowering maximum TIPS might cause a short lived price spike, benefiting bag holders such as myself, but I don't see it benefiting the coin.
I believe the only way TIPS can be picked up by merchants or community is stable price, I haven't given this much thought but stacking TIPS against a $ value would be better than exchanging it into BTC, LTC or DOGE.
How much do we need to raise in TIPS donations to get the project moving?

I'm now refining a proposal to create TiPS 2.0.
it will be basically about switching to a POS algo, reduce total number of TiPS to get on the btc market and a few suggestions to support our needed development fund. and a few other things.
You can join me editing the file in the "2. Strategic ThinkTank" folder, or just post something to let me know there is still interest and motivate me to do the job!

icanprogram, can you contact invisibel and ask him if he's interested in rejoining TiPS as a main dev?