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Topic: [ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0 - page 44. (Read 473653 times)

newbie
Activity: 28
Merit: 0
How does FoldingCoin differ from CureCoin which, AIUI, does the same folding@home calculations?

hero member
Activity: 1568
Merit: 507
Its like namecoin being worth more than bitcoin
hero member
Activity: 1568
Merit: 507
That moment you realise that a coin on the merged platform is worth 35 times more than FLDC itself. Is scot still being distributed by the way?
sr. member
Activity: 373
Merit: 250
anyone saw what happen to SCOT today... ?
can't wait for FLDC to go better

Merged folding participants were lucky to have received SCOT thanks to the hard work of the Foldingcoin team. Merged folding will be the new focus of Foldingcoin, as it has been a great success not only with Scotcoin but also with Bitcrystals, the rare Spells of Genesis FDCARD and also the MAGICFLDC distribution, where starting today you can get a FOOTSOLDIER card playable in the Spells of Genesis game in exchange for 190,000 MAGICFLDC on this swapbot:

https://swapbot.tokenly.com/bot/spellsofgenesis/public-merchant#choose

As a reminder, merged folding will be started again soon, and more MAGICFLDC are still to be distributed, so crank up your folding rigs everyone!  Grin
legendary
Activity: 924
Merit: 1000
anyone saw what happen to SCOT today... ?
can't wait for FLDC to go better
hero member
Activity: 742
Merit: 500
So...
1. There will be 1 billion coins in total?
2.There are 350,000,000 now?

When all 1 Billion coins have been released will "folders" get anything?

The 1,000,000,000 FLDC have already been issued and the asset is locked, so no more coins can be issued in the future. 500,000 FLDC are distributed to folders per day.

Thanks. So 500,000 FLDC (or a lesser amount after time)  will be issued every day, until they  are all issued …then no more will be issued?  But people maintaining the network will get fees after that?

Correct, just like bitcoin eventually you will not receive much FLDC for folding. However, that is another reason why we are focusing on developing the merged folding platform. With merged folding any token can be distributed on our platform using their own individual parameters. So the goal is that many many projects distribute tokens/rewards on the folding platform so that way there is always something to earn by folding.

FYI: SCOTCOIN, BITCRYSTALS, and FDCARD have all been distributed on the merged folding platform and they are worth way more then FLDC itself. We want to refocus on being a platform to earn many tokens. FLDC should grow organically with value the same way that XCP does for counterparty. XCP and FLDC are just fuel for the platform, but it is good to know that we have not yet found a good way to utilize FLDC as fuel and we hope someone in the community can help with that problem.

But even without fuel, the platform we have has proven to work and we should one day see 100's on token on our platform that come and go as their own teams decide if we do everything right Smiley
legendary
Activity: 1190
Merit: 1000
Thanks guys. I might check out the forum. I've been buying a small number so might as well.
sr. member
Activity: 373
Merit: 250
So...
1. There will be 1 billion coins in total?
2.There are 350,000,000 now?

When all 1 Billion coins have been released will "folders" get anything?

The 1,000,000,000 FLDC have already been issued and the asset is locked, so no more coins can be issued in the future. 500,000 FLDC are distributed to folders per day.

Thanks. So 500,000 FLDC (or a lesser amount after time)  will be issued every day, until they  are all issued …then no more will be issued?  But people maintaining the network will get fees after that?

all the tokens are already issued (they exist on the counterparty platform), they just get moved from the issuing address to the addresses of the folders in proportion to their contribution to folding.

edit: good point about the halving, I forgot about that  Roll Eyes

You can participate in discussions with the foldingcoin community on the foldingcoin slack http://slack.foldingcoin.net/ to discuss in what we want to happen after all the tokens have been distributed. Also we have monthly google hangouts to discuss the direction of the project. Last meeting was last sunday. See more info on foldingcoin.net. Meetings are announced on twitter, so you should follow @foldingcoin to get notice of when the next meeting will take place.
legendary
Activity: 924
Merit: 1000
So...
1. There will be 1 billion coins in total?
2.There are 350,000,000 now?

When all 1 Billion coins have been released will "folders" get anything?

The 1,000,000,000 FLDC have already been issued and the asset is locked, so no more coins can be issued in the future. 500,000 FLDC are distributed to folders per day.

Thanks. So 500,000 FLDC (or a lesser amount after time)  will be issued every day, until they  are all issued …then no more will be issued?  But people maintaining the network will get fees after that?

somewhere at 2017 this amount will halve to 250,000 daily
it will halve every 1000 days
it means our children and grandchildren can continue forever
legendary
Activity: 1190
Merit: 1000
So...
1. There will be 1 billion coins in total?
2.There are 350,000,000 now?

When all 1 Billion coins have been released will "folders" get anything?

The 1,000,000,000 FLDC have already been issued and the asset is locked, so no more coins can be issued in the future. 500,000 FLDC are distributed to folders per day.

Thanks. So 500,000 FLDC (or a lesser amount after time)  will be issued every day, until they  are all issued …then no more will be issued?  But people maintaining the network will get fees after that?
sr. member
Activity: 373
Merit: 250
So...
1. There will be 1 billion coins in total?
2.There are 350,000,000 now?

When all 1 Billion coins have been released will "folders" get anything?

The 1,000,000,000 FLDC have already been issued and the asset is locked, so no more coins can be issued in the future. 500,000 FLDC are distributed to folders per day.
legendary
Activity: 1190
Merit: 1000
So...
1. There will be 1 billion coins in total?
2.There are 350,000,000 now?

When all 1 Billion coins have been released will "folders" get anything?
hero member
Activity: 742
Merit: 500
Here is the join link for this months meeting today in about 11 minutes:

Event page:

https://plus.google.com/events/c9tcjnltu3sc41dqguq2mguisto

YouTube Watch only:

http://www.youtube.com/watch?v=UysrJCnrXec

Direct join email request:

[email protected]
hero member
Activity: 742
Merit: 500
Hey everyone! I just released a recap from the recap meetings that happened over the weekend. If you havent watched the meetings and dont want to, a good 5 minute read would be nice, but also I have the links for the videos if you wish to watch them. Keep Calm and Fold on Cheesy

hero member
Activity: 742
Merit: 500
(...) they haven't found E.T. yet. Have they?

Problem is they know we are looking for them, so they are hiding.



A little more money in stealth technology and we will be able to sneak up on them.

No E.T. yet from seti, but here is what FAH has found so far :

http://folding.stanford.edu/home/papers
hero member
Activity: 742
Merit: 500

Just had a brief look, interesting. Very interesting.

Merged folding is a great idea, there is very little reason to be in direct competition working on achieving the same goal.

If ETH hadn't stormed in last summer and dragged off all the GPU miners to it, Folding would have received a boost. Guess just have to wait for ETH to go PoS and all the juicy GPU power can be harnessed for good.

exactly Cheesy I am watching them very closely and when that time comes hopefully we can harness that, but we need a sound system first in order to make that happen Cheesy
hero member
Activity: 762
Merit: 500
I used to run Folding@Home alongside Seti@Home with my Pentium 4 machine, that was like many years ago...

me too Smiley
had a user in seti@home in the 90's...
Berkeley still sometimes email me that they want me back

this coin made me go back into folding@home
Sorry for sidetracking a little bit, It brings back good memories Smiley I guess for seti@home, they haven't found E.T. yet. Have they?
legendary
Activity: 924
Merit: 1000
I used to run Folding@Home alongside Seti@Home with my Pentium 4 machine, that was like many years ago...

me too Smiley
had a user in seti@home in the 90's...
Berkeley still sometimes email me that they want me back

this coin made me go back into folding@home
hero member
Activity: 762
Merit: 500
I used to run Folding@Home alongside Seti@Home with my Pentium 4 machine, that was like many years ago...
legendary
Activity: 1130
Merit: 1000
No good deed goes unpunished

Just had a brief look, interesting. Very interesting.

Merged folding is a great idea, there is very little reason to be in direct competition working on achieving the same goal.

If ETH hadn't stormed in last summer and dragged off all the GPU miners to it, Folding would have received a boost. Guess just have to wait for ETH to go PoS and all the juicy GPU power can be harnessed for good.
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