[ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0 - page 18.

ComputerGenie

hero member

Activity: 1092

Merit: 552

Retired IRCX God

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.

K210

hero member

Activity: 1568

Merit: 507

Some stuff i forget to add in my previous posts:

A standalone blockchain could also allow for a RPC command to check the amount of computational power being sent to FAH in the last 24 hours. Current coin supply could also be check as well as other network health parameters something which is not doable today. Coins can be moved from counterparty to standalone FLDC through a burn process.

Would be nice to have this discussed in next months meeting. Until FLDC leaves counterparty the prospects of this coins future are grim at best.

K210

hero member

Activity: 1568

Merit: 507

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.

K210

hero member

Activity: 1568

Merit: 507

Its sad how this coin has turned into a pump and dump. Even if this coin hits 1 billion market cap someday it will still be a failure due to lack of fundamentals.

Fundamental problems with FLDC:

- Centralised storage of undistributed FLDC
- Centralised distribution of FLDC
- Market being controlled by pumper and dumpers rather than legit long term investors
- Lack of a blockchain and the problems that come with it
- Little to no infrastructure such as block explorers, wallets etc.

I think FLDC has grown to a point where it should setup its own chain. This way payments will no longer be delayed due to bitcoin mempool being clogged and development will be easier as counterparty is not very developer friendly. It will also make it easier to port other pieces of tech such as segwit, block size increase and general enhancements from other coins.

In short if FLDC wants to be respected as a stand alone crypto in the long term (5-10 years from now) then it must take on the properties that other crypto already have.

shai_

hero member

Activity: 728

Merit: 500

Quote from: AU_AG on May 17, 2017, 09:13:20 PM

POLONIEX still haveing big btc withdraw issues 2+btc (Small with withdraw are going through <.5) and not giving deposits, and resetting support tickets.

Poloniex is the MT.GOX im just waiting for the classic "Our Database got hacked, But coins are safe and we are working on it".

I got BTC from polo after 20 hours.
it is maybe because of BTC's huge mempool usage.

but folders/investors still can't deposit/withdraw FLDC

AU_AG

sr. member

Activity: 305

Merit: 250

POLONIEX still haveing big btc withdraw issues 2+btc (Small with withdraw are going through <.5) and not giving deposits, and resetting support tickets.

Poloniex is the MT.GOX im just waiting for the classic "Our Database got hacked, But coins are safe and we are working on it".

ComputerGenie

hero member

Activity: 1092

Merit: 552

Retired IRCX God

Quote from: hailian111 on May 17, 2017, 01:03:07 AM

If FLDC attempt activation SegWit，it is great plan!!!
Wink

Spoken like a segwit fanboy that has no clue about segwit or FLDC. Roll Eyes

hailian111

newbie

Activity: 13

Merit: 0

If FLDC attempt activation SegWit，it is great plan!!!
Wink

AU_AG

sr. member

Activity: 305

Merit: 250

Quote from: xandry on May 14, 2017, 01:14:37 PM

Quote from: shemaelohim on May 14, 2017, 01:12:42 PM

Is polo taking deposits for FLDC? I sent a lot last night and never received them, anyone else had the same issue?

Yep, i've already sent a request to support.

Same Problem 3 days and counting with no communication. TX and everything. was wondering if I did something wrong. but not just me. Is it possible it can be stuck on the blockchain? IDK im guessing in the wind here

Hou5e

newbie

Activity: 51

Merit: 0

Quote from: hailian111 on May 14, 2017, 09:33:54 AM

dev， do you have plan for FoldingCoin in the future？
Grin

The May Public Meeting link is a few posts back:
https://bitcointalksearch.org/topic/m.18905625

I'll be working on some improvements to the FoldingBrowser (All-in-one setup / web wallet interface) over the summer.

xandry

staff

Activity: 3472

Merit: 4111

Crypto Swap Exchange

Quote from: shemaelohim on May 14, 2017, 01:12:42 PM

Is polo taking deposits for FLDC? I sent a lot last night and never received them, anyone else had the same issue?

Yep, i've already sent a request to support.

shemaelohim

newbie

Activity: 2

Merit: 0

Is polo taking deposits for FLDC? I sent a lot last night and never received them, anyone else had the same issue?

V1saya

hero member

Activity: 1050

Merit: 508

Quote from: AU_AG on May 14, 2017, 10:51:43 AM

Quote from: scamalert0 on May 14, 2017, 06:03:08 AM

Why so much price difference between Poloniex and Bittrex..

499 trex

506 polo

big difference? Huh

Polo only takeig dep not giving deposit to acct, not giving withdrawals, putting big coins in maint.. mode,

MHHH U tell me...

That's not much. And if transferring of FLDC is not that fast then you gonna be late just like when I tried EXP today. That's why I am also scattering my funds so I can buy whenever exchange is selling cheaper. Wink

AU_AG

sr. member

Activity: 305

Merit: 250

Quote from: scamalert0 on May 14, 2017, 06:03:08 AM

Why so much price difference between Poloniex and Bittrex..

499 trex

506 polo

big difference? Huh

Polo only takeig dep not giving deposit to acct, not giving withdrawals, putting big coins in maint.. mode,

MHHH U tell me...

hailian111

newbie

Activity: 13

Merit: 0

dev， do you have plan for FoldingCoin in the future？
Grin

scamalert0

sr. member

Activity: 498

Merit: 250

Why so much price difference between Poloniex and Bittrex..

dranster

hero member

Activity: 546

Merit: 500

Folding coin going to 1000 sats today? Watch out Shocked

AU_AG

sr. member

Activity: 305

Merit: 250

Something going on with MT.Poloniex

Caution

ComputerGenie

hero member

Activity: 1092

Merit: 552

Retired IRCX God

Quote from: AU_AG on May 13, 2017, 08:10:45 AM

Y when I click on the transaction hash it says valiue .005 btc?
....

Because 0.005 BTC was the BTC transaction fee spent to make the transfer. In the simplest terms, every FLDC transaction is actually a BTC transaction (which requires a BTC fee) that contains "encoded" information which is "embedded" into the Bitcoin transaction. That "embedded" information is then "decoded" to represent an FLDC transaction.

AU_AG

sr. member

Activity: 305

Merit: 250

Quote from: xandry on May 13, 2017, 08:06:50 AM

Quote from: AU_AG on May 13, 2017, 07:59:01 AM

so the destination is the polo addy they gave me so coins are safe but polo has the problem?

Yep. Try to contact with poloniex support.

Y when I click on the transaction hash it says valiue .005 btc?

https://counterpartychain.io/transaction/84dc551a49773b7b4af4244513302c569ae68b5e36d683558c67d455f660a953

This is why I like local wallets on my comp.

Topic: [ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0 - page 18. (Read 473654 times)