Topic: [ANN] [KIMO] Kimocoin | VOICE YOUR SUPPORT FOR MORE KIMO AUCTIONS - page 10. (Read 26880 times)
July 14, 2014, 06:25:14 PM
This hard fork has nothing to do with the change to KIMO. The hard fork is because forgetme made a mistake with the block reward. In fact the change to KIMO has been postponed until the dust settles from the hard fork. All your coins at Comkort and anywhere else are safe, just don't use the wallet until you upgrade to the new one. I'm compiling a new one for windows now. Does any one use the Mac wallet?
July 14, 2014, 06:18:33 PM
does our old kimocoin on comkort will be auto -converted ?
July 14, 2014, 05:57:59 PM
I think the denomination change seems like a good idea, though I have to admit I'm more than hazy about the consequences 
The main consequence would be BTC trading. Right now if you want to buy some KMC you first have to buy LTC, which makes it more difficult and ties our price to LTC. Our community is small enough that it should not be a major disruption. In fact KIMO and KMC would still be compatible, if you send 1 KIMO to a KMC wallet, 1000 KMC will show up. If you send 1000 KMC to a KIMO wallet, 1 KIMO will show up. If you have 1M KMC in your wallet, and you upgrade to the KIMO wallet, you will see 1K KIMO. The new wallet just moves the decimal left. What other consequences are you unsure or concerned about?
Yes, I got that. What I meant is that there might be consequences on trading, like higher volume, liquidity, that kind of thing. Which I don't know much about, so I only gave my agreeing opinion on the points you gave. I did not have any particular thing I was concerned about. Just... hazy about second order effects (and I don't mean necessarily bad ones
) July 14, 2014, 05:35:27 PM
Jacob019, minerd (vertcoin) need to be patched also, or not?
No need. The only thing you must do is download the new wallet, you may continue mining as normal. Please do not send any coins with the old wallet, it will not work after block 150300. All KMC services have been updated with the new wallet, I'm just waiting to hear back from the other pools and from Comkort.
July 14, 2014, 05:25:20 PM
Jacob019, minerd (vertcoin) need to be patched also, or not?
July 14, 2014, 04:59:03 PM
Seriously, what a stupid mistake.
I have finished the changes. The patched source is available here:
https://github.com/jacob019/kimocoin
I have already updated the p2pool nodes kmc.1js.us and p2pool-eu.kimocoin.com, so you can continue mining as normal. The block explorer and faucet have been updated also. Comkort is aware of the update and is working to install the new wallet. If anyone knows how to compile for windows, please help. Otherwise, I will study it later tonight.
I have finished the changes. The patched source is available here:
https://github.com/jacob019/kimocoin
I have already updated the p2pool nodes kmc.1js.us and p2pool-eu.kimocoin.com, so you can continue mining as normal. The block explorer and faucet have been updated also. Comkort is aware of the update and is working to install the new wallet. If anyone knows how to compile for windows, please help. Otherwise, I will study it later tonight.
July 14, 2014, 04:35:13 PM
Got some bad news. Forgetme made a mistake in the block reward code. After block 150000, the reward is < 1 KMC. 
You can see his mistake here:
https://github.com/jacob019/kimocoin/blob/master/src/main.cpp
*** line #1128, can you see it? He forgot to multiply by COIN, so the reward is in Kimotoshis, instead of KMC. :-(
We're going to do an emergency hard fork at block 150300. I have contacted Comkort about it, and will update the pools and everything else. For all the community members, you will only need a new wallet. We're going to wait for the change to KIMO until after the emergency update.
You can see his mistake here:
https://github.com/jacob019/kimocoin/blob/master/src/main.cpp
*** line #1128, can you see it? He forgot to multiply by COIN, so the reward is in Kimotoshis, instead of KMC. :-(
We're going to do an emergency hard fork at block 150300. I have contacted Comkort about it, and will update the pools and everything else. For all the community members, you will only need a new wallet. We're going to wait for the change to KIMO until after the emergency update.
What a f*ck up
It's sad about need of forced hard fork, but I think all be alright. Waiting for new version of kimocoin.
July 14, 2014, 04:03:59 PM
Got some bad news. Forgetme made a mistake in the block reward code. After block 150000, the reward is < 1 KMC.
You can see his mistake here:
https://github.com/jacob019/kimocoin/blob/bc81a83bd121d0620576da969a78f2c1533740bd/src/main.cpp
*** line #1128, can you see it? He forgot to multiply by COIN, so the reward is in Kimotoshis, instead of KMC. :-(
We're going to do an emergency hard fork at block 150300. I have contacted Comkort about it, and will update the pools and everything else. For all the community members, you will only need a new wallet. We're going to wait for the change to KIMO until after the emergency update.
You can see his mistake here:
https://github.com/jacob019/kimocoin/blob/bc81a83bd121d0620576da969a78f2c1533740bd/src/main.cpp
*** line #1128, can you see it? He forgot to multiply by COIN, so the reward is in Kimotoshis, instead of KMC. :-(
We're going to do an emergency hard fork at block 150300. I have contacted Comkort about it, and will update the pools and everything else. For all the community members, you will only need a new wallet. We're going to wait for the change to KIMO until after the emergency update.
July 14, 2014, 03:11:21 PM
For now, 50 000 and down?
2 jacob019:
on http://p2pool-eu.kimocoin.com/static/ if you look at
Current block value: 0.29668371 KMC
About this a talked earlier. Probably p2pool going crazy on blocks value changes
2 jacob019:
on http://p2pool-eu.kimocoin.com/static/ if you look at
Current block value: 0.29668371 KMC
About this a talked earlier. Probably p2pool going crazy on blocks value changes
July 14, 2014, 02:46:05 PM
I think the denomination change seems like a good idea, though I have to admit I'm more than hazy about the consequences
The main consequence would be BTC trading. Right now if you want to buy some KMC you first have to buy LTC, which makes it more difficult and ties our price to LTC. Our community is small enough that it should not be a major disruption. In fact KIMO and KMC would still be compatible, if you send 1 KIMO to a KMC wallet, 1000 KMC will show up. If you send 1000 KMC to a KIMO wallet, 1 KIMO will show up. If you have 1M KMC in your wallet, and you upgrade to the KIMO wallet, you will see 1K KIMO. The new wallet just moves the decimal left. What other consequences are you unsure or concerned about?
July 14, 2014, 02:33:45 PM
I think the denomination change seems like a good idea, though I have to admit I'm more than hazy about the consequences
July 13, 2014, 09:59:17 PM
if the coin is divided by 1000 the block reward should be 1000 times lower then to compensate.
Yes, of course--that's automatic. In fact, I'm testing the new wallet right now and you can mine on the existing pools without modification and the coins show up /1000. The pool might show 60000 KMC, but when you get coins with the new wallet there are only 60 KIMO. When the new wallet is released, I'll update p2pool, the block explorer, the faucet, etc to reflect the symbol and decimal change.
perfect !
July 13, 2014, 09:36:29 PM
if the coin is divided by 1000 the block reward should be 1000 times lower then to compensate.
Yes, of course--that's automatic. In fact, I'm testing the new wallet right now and you can mine on the existing pools without modification and the coins show up /1000. The pool might show 60000 KMC, but when you get coins with the new wallet there are only 60 KIMO. When the new wallet is released, I'll update p2pool, the block explorer, the faucet, etc to reflect the symbol and decimal change.
July 13, 2014, 09:03:21 PM
if the coin is divided by 1000 the block reward should be 1000 times lower then to compensate.
July 13, 2014, 08:48:55 PM
P.S: On p2pool, "Current block value" are not real.
I don't see any problems. Block reward is 60k. On p2pool each block is split among all the miners, but the total for each block is correct, 60k.
Am I missing something?
July 13, 2014, 03:07:21 PM
Our price would have to rise over 10x in order to be traded in BTC, and even then it would only be 1 satoshi, so it would have to go up 100% more to reach 2 satoshi. A currency needs to be easily exchanged. Now our price is tied to LTC, which is falling, and we are relegated to obscurity. BTC is king. I really think moving the decimal would make us stronger, we would be trading at about 83 Satoshis, and nothing would stop us from going higher. I don't see any downsides.
I think this is a good argument.
P.S: On p2pool, "Current block value" are not real.
July 13, 2014, 02:00:33 PM
Entering btc market is a very smart move !
July 13, 2014, 10:41:27 AM
I want give my vote moneromoo logo.
Thanks for your vote. This sounds good specially IF think that KMC value to other coins do not rise... do we want give this prognose. Is it realistic to think that it do not rise (enough)? Mining profit is going as low as 5000KMC (5 KIMO)
But, as also you have previously told some arguments about exchanges I will notice this. Do not keep hurry to other exchanges too early.
But, as also you have previously told some arguments about exchanges I will notice this. Do not keep hurry to other exchanges too early.
Our price would have to rise over 10x in order to be traded in BTC, and even then it would only be 1 satoshi, so it would have to go up 100% more to reach 2 satoshi. A currency needs to be easily exchanged. Now our price is tied to LTC, which is falling, and we are relegated to obscurity. BTC is king. I really think moving the decimal would make us stronger, we would be trading at about 83 Satoshis, and nothing would stop us from going higher. I don't see any downsides.
Change the currency unit is not a good idea.In this present KMC attractive, large amount of money is a good thing.
Application is the most important of the electronic coin.So Dev should develop new application as soon as possible or attract more sites receiving KMC, even the adult website.
We would still have a larger amount of money than most coins. I understand your concern about such a change, it's a big move. In this case it seems the benefits greatly outweigh any negatives. As for new applications and adult websites, it's up to all of us to push Kimocoin into the future. You can contribute too and if I can offer any support please PM me.Application is the most important of the electronic coin.So Dev should develop new application as soon as possible or attract more sites receiving KMC, even the adult website.
Any other thoughts, concerns, support or opposition for changing KMC to KIMO and moving the decimal left?
Still need logo votes.
July 13, 2014, 10:17:07 AM
Wallet doesn't synch, no connection to network. Need more nodes.
Dev news:
- Really nice trading on Comkort, 105M KMC traded in 24 hours.
- We need three more votes for our new logo.
- I have successfully created a new wallet with a new symbol "KIMO". It has the same blockchain as KMC, but 1000 KMC = 1 KIMO. If we make the switch, then Kimocoin can be traded in BTC, which is much better for us than LTC. The wallets are 100% compatible, and the old wallet will keep working--no hardfork. I am looking for some community reaction to this idea. I also need people who can test the new wallet and compile binaries for Windows and Mac, please PM me if you can help. If everyone agrees with the change, we can deply the new "KIMO" wallet with the new logo.
Change the currency unit is not a good idea.In this present KMC attractive, large amount of money is a good thing.
Application is the most important of the electronic coin.So Dev should develop new application as soon as possible or attract more sites receiving KMC, even the adult website.
July 13, 2014, 05:04:05 AM
Dev news:
- I have successfully created a new wallet with a new symbol "KIMO". It has the same blockchain as KMC, but 1000 KMC = 1 KIMO. If we make the switch, then Kimocoin can be traded in BTC, which is much better for us than LTC.
This sounds good specially IF think that KMC value to other coins do not rise... do we want give this prognose. Is it realistic to think that it do not rise (enough)? Mining profit is going as low as 5000KMC (5 KIMO)
But, as also you have previously told some arguments about exchanges I will notice this. Do not keep hurry to other exchanges too early.
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