[ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0 - page 17.

ComputerGenie

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Quote from: Lie Detector on May 25, 2017, 06:15:56 AM

...Folding is the same as mining just differant algo
....

No and no.
Folding isn't even close to mining, and it's not "an algorithm". Folding is a scientific set of steps used in simulating the literal folding and unfolding of proteins.

In mining, GuyA "competes" against GuyB to be the 1st to arrive at a solution to a cryptography based equation. GuyA and GuyB will always be working on the same thing.

In folding, both GuyA and GuyB will go through the many steps to ensure a scientific experiment works. GuyA and GuyB will not always be working on the same thing.

Comparing folding to mining, and saying they are the same thing, is like comparing a car to a tree and saying they are the same because they both have mass. Roll Eyes

Stop denying reality. Grin

Lie Detector

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Quote from: xandry on May 25, 2017, 04:17:29 AM

Quote from: Lie Detector on May 25, 2017, 01:18:45 AM

Maybe you should do some research before commenting. FLDC was launched in july of 2014, up until december of 2014 there were only a few miners.

1. FLDC was launched in july of 2014? How it is possible if this topic was created in september of 2014?
2. And again: you can't mining FLDC, you can get it as reward for folding.
3. Also see http://foldingcoin.net/resources/fldc-finances/
4. Stop your FUD please.

1. Foldingcoin was indeed launched in july of 2014. This is not the original launch thread. This is the original launch thread: https://bitcointalksearch.org/topic/foldingcoin-new-coin-that-helps-science-and-medicine-682862

2. Folding is the same as mining just differant algo

3. This page only shows records from Jan 2015 onwards, pretty convenient for dev i think....

4. Stop denying reality.

xandry

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Crypto Swap Exchange

Quote from: Lie Detector on May 25, 2017, 01:18:45 AM

Maybe you should do some research before commenting. FLDC was launched in july of 2014, up until december of 2014 there were only a few miners.

1. FLDC was launched in july of 2014? How it is possible if this topic was created in september of 2014?
2. And again: you can't mining FLDC, you can get it as reward for folding.
3. Also see http://foldingcoin.net/resources/fldc-finances/
4. Stop your FUD please.

Lie Detector

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Quote from: ComputerGenie on May 24, 2017, 07:00:08 AM

Quote from: Lie Detector on May 24, 2017, 02:31:53 AM

It turns out dev was solo mining FLDC for around 6 months. It is possible dev is pumping his own coin. Only invest what you can afford to lose.

Nice attempt at FUD.

It's kind of sad, though, that you would pick such an obvious lie (FLDC is an asset coin, not a PoW-mineable coin).
Since there is no "mining FLDC", the dev literally couldn't have been "solo mining FLDC".

It is not FUD. Maybe you should do some research before commenting. FLDC was launched in july of 2014, up until december of 2014 there were only a few miners. If you go back and look at the distrubution log for july/august/september of 2014 you will see the dev was pretty much the only one mining this coin. Daily distrubution back then was 500K FLDC/day so 15M a month. So for 3 months that is 45M FLDC if you assume dev mined even only half of that that gives dev around 20-30M FLDC which is almost 10% of all FLDC in circulation today. There is nothing to stop dev from dumping a few million coins and using it to pump the price. It has happened with other altcoins it may also have happened here.

If this is indeed the case expect a massive price drop in the long run and traders catch on..........

ComputerGenie

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Quote from: Lie Detector on May 24, 2017, 02:31:53 AM

It turns out dev was solo mining FLDC for around 6 months. It is possible dev is pumping his own coin. Only invest what you can afford to lose.

Nice attempt at FUD.

It's kind of sad, though, that you would pick such an obvious lie (FLDC is an asset coin, not a PoW-mineable coin).
Since there is no "mining FLDC", the dev literally couldn't have been "solo mining FLDC".

K210

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Quote from: Lie Detector on May 24, 2017, 02:31:53 AM

It turns out dev was solo mining FLDC for around 6 months. It is possible dev is pumping his own coin. Only invest what you can afford to lose.

This would be terrible if it were true. It would pretty much mean this entire thing is a ponzi scheme....hopefully not the case

Lie Detector

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It turns out dev was solo mining FLDC for around 6 months. It is possible dev is pumping his own coin. Only invest what you can afford to lose.

azmojo

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Anyone know why FLDC has been in wallet maintenance on Bittrex for over a day?

UPDATE: It appears to be resolved now. Nevermind.

ComputerGenie

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Quote from: K210 on May 22, 2017, 10:30:33 AM

Honest question: Who is buying FLDC at 500 sats a coin? And why?

The same people that buy it an any other price. And because they either want to fund folders or they think they can sell it to some other sucker at a higher price.

K210

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Honest question: Who is buying FLDC at 500 sats a coin? And why?

K210

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Quote from: lhmrij on May 21, 2017, 01:34:58 AM

It's very hard to setup a wallet....

If FLDC had its own chain it would be as simple as downloading one file. But this counterparty system completes things for no reason whatsoever.....

deddod

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Quote from: azmojo on May 21, 2017, 12:42:50 AM

FOLD and CURE will have their days coming soon. It wouldn't hurt to get some publicity for the charity aspect of crypto compared to the fraud aspect associated with the malware attacks.

i'm. Waiting for it.

and I hope it will happen.

lhmrij

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It's very hard to setup a wallet....

azmojo

sr. member

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FOLD and CURE will have their days coming soon. It wouldn't hurt to get some publicity for the charity aspect of crypto compared to the fraud aspect associated with the malware attacks.

fonzerrellie

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Quote from: K210 on May 18, 2017, 06:39:49 AM

If foldingcoin built its own blockchain then the fees to send out monthly payments would be much lower pretty much insignificant. Monthly distributions could be carried out as they are now however multisig could be used to better secure the hot wallet for sending payments. Users could store their coins without having to use crappy counterparty which would lead to better user experience.

Only one problem remains though - How to secure such a chain. Well new coins are already generated through POWing the FAH network. Proof of stake could be the security mechanism to secure the chain. A annual interest of 1-2% could be paid to holders to secure the chain, this would help the value of the coin as well as allow FLDC's chain to be secured for a cheap price.

If the FLDC dev team wants to go down this path they should fork the latest version of litecoin core and develop from there.

I love the idea of working FLDC into it's own POS chain even at a low % return as long as the wallet didn't run heavy on my computer I'd run it. to have to wait for the BTC blockchain could really hold back it's potential

I like what NXS did with increasing the % rate, the longer the wallet is staking the higher the return would be. So someone just opened the wallet would get 1% and someone who's wallet had been online staking for 6 months would get the max (like 5% would be good incentive and keep the blockchain strong)

anywho I'll keep an eye out for the Youtube updates and see where you guys plan to take this

fonzerrellie

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Kaspa

I'm glad to see this project getting some love in the markets. Cheers to everyone Grin

ComputerGenie

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Quote from: hailian111 on May 20, 2017, 10:36:08 AM

FoldingCoin need a new team! Cry

Given that it's a corporation (even though they never act like it), good luck with that.

hailian111

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FoldingCoin need a new team! Cry

K210

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Quote from: ComputerGenie on May 18, 2017, 06:48:13 AM

Quote from: K210 on May 18, 2017, 06:32:59 AM

Its sad how this coin has turned into a pump and dump...

That is the entire purpose of this coin. The devs never had (nor never will have) any intention of having the coin have any purpose beyond being a "reward" for people that fold, they see any real-world value that the coin has as an unintended, incidental "bonus".

Quote from: K210 on May 18, 2017, 06:47:39 AM

.... Until FLDC leaves counterparty the prospects of this coins future are grim at best.

They've stated countless times that FLDC will never leave Counterparty and will never be a stand-alone coin.

So they are happy with 1 week long confrmation times and skyrocketing fees? No wonder this coin is going nowhere....

K210

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Quote from: ComputerGenie on May 18, 2017, 06:48:13 AM

Quote from: K210 on May 18, 2017, 06:32:59 AM

Its sad how this coin has turned into a pump and dump...

That is the entire purpose of this coin. The devs never had (nor never will have) any intention of having the coin have any purpose beyond being a "reward" for people that fold, they see any real-world value that the coin has as an unintended, incidental "bonus".

And that is the biggest problem i think. The devs do not understand the concept of intrinsic value. For an asset to have value it must have adoption, technology and sound fundamentals all three of which FLDC currently lacks.

Topic: [ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0 - page 17. (Read 473662 times)