How can the FoldingCoin team pay folders in FLDC when the folder does not provide them with a FLDC address? The folder only provides a BTC address (created by the Counterparty wallet).
Try to read counterwallet FAQ to understanding -> What is an Asset/Token/Coin? How can I store them? 
Topic: [ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0 - page 40. (Read 473648 times)
I obviously don't understand something basic so I will try to phrase this as simply as possible.
How can the FoldingCoin team pay folders in FLDC when the folder does not provide them with a FLDC address? The folder only provides a BTC address (created by the Counterparty wallet).
How can the FoldingCoin team pay folders in FLDC when the folder does not provide them with a FLDC address? The folder only provides a BTC address (created by the Counterparty wallet).
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they are paid in FLDC by using a Bitcoin wallet, because the Counterparty layer is on top of the Bitcoin blockchain
so all Counterparty assets are distributed to bitcoin addresses
so all Counterparty assets are distributed to bitcoin addresses
I see. I hadn't used a Counterparty token before hence my confusion. Thanks for explaining.
This system must mean that the FoldingCoin team convert the FLDC reward into BTC? Is that correct?
This would mean that the only way to obtain FLDC is to buy it from an exchange. Yes?
no
http://blockscan.com/assetInfo/FLDC
you will receive FLDC Asset as payment
Counterparty is just using the Bitcoin blockchain database to create and use other asset (or 'coins') with asset's own Ticker
there is also a DEX to trade assets
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they are paid in FLDC by using a Bitcoin wallet, because the Counterparty layer is on top of the Bitcoin blockchain
so all Counterparty assets are distributed to bitcoin addresses
so all Counterparty assets are distributed to bitcoin addresses
I see. I hadn't used a Counterparty token before hence my confusion. Thanks for explaining.
This system must mean that the FoldingCoin team convert the FLDC reward into BTC? Is that correct?
This would mean that the only way to obtain FLDC is to buy it from an exchange. Yes?
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2. COunterparty is built on top of bitcoin, so you can actually store many different counterparty assets on a single address. I recommend watching this movie: https://www.youtube.com/watch?v=adROavBst7E&list=PLzAjhhTQ6zqe_vGecdh5kKE3JCqdhDQPY
I found the video most helpful.
The Counterparty wallet provides a Bitcoin address. You enter username_FLDC_1BitcoinAddress into the f@h client. The text file of all folders is downloaded by the FoldingCoin team and parsed to find FLDC or ALL or SCOT plus the Bitcoin address.
I still don't understand how folders are paid in FLDC as they provide a Bitcoin address not a FLDC address.
In my case, I created a wallet with https://counterwallet.coindaddy.io/#, which gave me a Bitcoin address. Was I supposed to do something else?
they are paid in FLDC by using a Bitcoin wallet, because the Counterparty layer is on top of the Bitcoin blockchain
so all Counterparty assets are distributed to bitcoin addresses
don't forget to use stanford's pass key in your client config https://folding.stanford.edu/home/faq/faq-passkey/
after 10 Work Units you will start getting bonuses of stanford's folding points for every completed Work Unit
I remember folding long time ago before I quit. I think its time for me to start again.
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2. COunterparty is built on top of bitcoin, so you can actually store many different counterparty assets on a single address. I recommend watching this movie: https://www.youtube.com/watch?v=adROavBst7E&list=PLzAjhhTQ6zqe_vGecdh5kKE3JCqdhDQPY
I found the video most helpful.
The Counterparty wallet provides a Bitcoin address. You enter username_FLDC_1BitcoinAddress into the f@h client. The text file of all folders is downloaded by the FoldingCoin team and parsed to find FLDC or ALL or SCOT plus the Bitcoin address.
I still don't understand how folders are paid in FLDC as they provide a Bitcoin address not a FLDC address.
In my case, I created a wallet with https://counterwallet.coindaddy.io/#, which gave me a Bitcoin address. Was I supposed to do something else?
I have recently started folding but there's two things I don't understand.
First, how does the FoldingCoin team know who has signed up with Username_FLDC_1BitcoinAddress? Is this information public? If so, where?
Second, if the folder provides a Bitcoin address (the one from their Counterparty wallet), how are they paid in FLDC since the folder provides a BTC address not a FLDC address? I can see that they could be paid in BTC but not in FLDC. How is FLDC assigned to the folder?
Thanks!
First, how does the FoldingCoin team know who has signed up with Username_FLDC_1BitcoinAddress? Is this information public? If so, where?
Second, if the folder provides a Bitcoin address (the one from their Counterparty wallet), how are they paid in FLDC since the folder provides a BTC address not a FLDC address? I can see that they could be paid in BTC but not in FLDC. How is FLDC assigned to the folder?
Thanks!
Welcome!
To answer your questions:
1. Stanford shares the amount of credits people earn publicly, so we can use that as a basis to look for people with usernames that indicate they're folding.
2. COunterparty is built on top of bitcoin, so you can actually store many different counterparty assets on a single address. I recommend watching this movie: https://www.youtube.com/watch?v=adROavBst7E&list=PLzAjhhTQ6zqe_vGecdh5kKE3JCqdhDQPY
I have recently started folding but there's two things I don't understand.
First, how does the FoldingCoin team know who has signed up with Username_FLDC_1BitcoinAddress? Is this information public? If so, where?
Second, if the folder provides a Bitcoin address (the one from their Counterparty wallet), how are they paid in FLDC since the folder provides a BTC address not a FLDC address? I can see that they could be paid in BTC but not in FLDC. How is FLDC assigned to the folder?
Thanks!
First, how does the FoldingCoin team know who has signed up with Username_FLDC_1BitcoinAddress? Is this information public? If so, where?
Second, if the folder provides a Bitcoin address (the one from their Counterparty wallet), how are they paid in FLDC since the folder provides a BTC address not a FLDC address? I can see that they could be paid in BTC but not in FLDC. How is FLDC assigned to the folder?
Thanks!
Why did you do it?
to make it little more rare
Very interesting.... I like it
thats how XCP was made you knowAnd yes happy 2nd FLDC birthday!!!!!!!!!!!! Thank you all for continuing to be part of this community
Nice, Happy Birthday! Keep this nice project going 
Happy 2nd birthday Foldingcoin!
Actually I believe Foldingcoin was first issued on the 4th of July, 2014 but it´s never too late to say
HAPPY BIRTHDAY FOLDINGCOIN! 
Happy 2nd birthday Foldingcoin!
Why did you do it?
to make it little more rare
Where can i check if i am eligible for the "gold status"?
We do not have the infrastructure ready to check this automatically, so you can send me your address and I can add you to the list. The badges are rewarded as follows:
Level 1: Junior Folder 0-30 Days
Level 2: Folder 31-100 Days - 500 FLDC REWARD
Level 3: Senior Folder 101-200 Days - 1000 FLDC REWARD
Level 4: Hero Folder 201-363 Days - 5000 FLDC REWARD
Level 5: Legendary Folder 364-727 (1 full year) - 10000 FLDC REWARD
Where can i check if i am eligible for the "gold status"?
Where i can get avatar for last "legendary" level?
We don't have the ones with text available, but I will send you the link for the gold one via message. Congratulations on folding for more than a year! I will include you in the list to get awarded the 10k FLDC!
Where i can get avatar for last "legendary" level?
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