Topic: [ANN] Maieuticoin | 2014% PoS | 10k/MMXIV and BALLS/MMXIV Markets NOW OPEN - page 89. (Read 283116 times)

I kinda agree with both of you in a way.  500/M seems low but if all the un bought coins are going to be destroyed it really doesn't matter. 

This new coin will be pure PoS I assume or will there be a PoW period too?  If PoS what kind of stake % do you have in mind???

Right, but that's the thing. However many get traded is the supply of the new chain, so the exchange rate really means nothing, as long as it is fair to everyone. All the extras get destroyed, so the less that are sold, the better for those choosing to switch. Maybe. I don't know how the market will respond to this when it goes live, to be honest with you

We are open to name suggestions. I was thinking Socraticoin, because Maieutics is basically the Socratic Method and that's easier to say, but we are definitely open to ideas on the new name

Wait a second. You like something we are doing...? Uh oh, I must be on to something this time  

Pretty cool. My only comment/suggestion is to double the ICO rate to 1:1000 or or reduce the new coin "mintage" to 500k as a reasonable expectation would be for users to exchange no more than half of the current M coin in circulation. I could be wrong, but at least you would max out the ownership of the new coin and it might bring some urgency to the process. Just an idea.

My other recommendation is that the coin be easy to pronounce and spell.

Interesting idea.  I'm curious to see how it turns out.  Any idea on what the new coins name will be?

I shouldn't really post this, yet, since we don't like to post what is coming, but I've kept it quiet long enough...

Fairly soon, we will be launching a second coin. It will be very similar to Maieuticoin, but with a few small changes. First of all, the mining phase of the new coin will be completely eliminated. There will be a maximum of 1,000,000 coins, attainable only during the "ICO" Phase of the coin

Very Similar, but Very Different
The new coin will fill a gap that we are not going to fill with Maieuticoin. Anonymous sending. We debated for a long time whether or not we wanted to add this feature to Maieuticoin and decided against it for one reason. Currently, crypto currencies are in a spot where we need to be extra cautious. For this reason, Maieuticoin will never have any anonymous features. This ensures that, long term, merchants and vendors can feel safe accepting it knowing the coin will allow them to easily follow all Anti Money Laundering and Know Your Customer laws on a blockchain that is completely secure, due to offline staking

"ICO" Phase
This is where things get much different for this situation. We will not be accepting BTC for the ICO. The only way to buy into the new chain will be with Maieuticoin. This is to ensure our investors and supporters will not be left behind, and those only interested in extras, such as the Multipool, Mobile App, and many still-announced features and services, will still have a place to call home. The ICO is in quotes, because we aren't raising funds for anything. Any projects we have in the past and the future have been and will continue to be 100% funded by the development team, with no premine or fundraising ICO for either chain

Who gets the ICO Funds?
Nobody. All the Maieuticoin traded in for coins on the new chain will be destroyed. These coins will be sent to an invalid address and removed from the chain forever, lowering the total supply. Not only will this help combat the inflation due to Proof of Stake, but it will also allow investors and supporters to choose which project they prefer with no issues. We will have a very public address used to collect the Maieuticoin being traded in so there is a public record of the balance to be destroyed

The new chain will have a max of 1,000,000 coins in the "ICO" Phase, with a trade in rate of 500:1 - This means for every 1 Maieuticoin you decide to switch to the new chain will award you 500 coins on the new chain. Maieuticoin currently has about 2100 coins in circulation, which is how we arrived at the 1,000,000 max for the "ICO" Phase. All unsold coins on the new chain will also be destroyed in a similar fashion as Maieuticoin; Invalid address with unretrieveable Private Key.

Nobody will keep any extra coins on either chain. We are NOT raising funds

Looks like x11 is finally getting some hashrate

Starting to fill up

I think I will wait a bit longer before I jump in though 

So far there have been 9 entries.

https://docs.google.com/spreadsheets/d/16mBeOrzEeTeG0DhicnHHSuJTI1IHvALYYj_zxyxrHm8/edit#gid=0

How is the S4 raffle going?

Why this is very low in price? look at VIK>>>>>lolz

I will be working on getting nist5 up this week.

I've also made some tweaks to the web pages, adding page links to the stats and backlog pages so you don't have to scroll down to get to the next algo's table.

Also, the "trading history" link on the home page is now working.

I have a few other things in the works for the pool, and I'll announce them as they are ready for public use

I have also seen the slow withdraws from Bittrex for the pool. It sometimes takes up to an hour for the tx to appear on the blockchain or in the wallet, but it always comes though.

Seriously! .005 really???  Who is selling at that price?  I'll buy every coin you have.  This coin should be .5 not .005

Come on every one stop this dumping. Let's pull those walls and move this coin up!

I've put the thought in ThePeePs head. Now it's up to him if he wants to try it or not    I don't think he will care what algo we pick as long as it gets us some more miners, and I had seen a few posts in our poll thread that there isn't a multipool yet for that algo (but I don't know if that's true or not)

DO IT!  No one has mined x13 in forever so it won't hurt anything to change it.

Nist5 won the poll we ran on which algorithm we should support next. Any objections if we switch out x13 with Nist5 instead?

So many people trying to dump at such a low price... pull those sells guys this coin is worth so much more!

That's happened to me before on Bittrex, too. Always comes through eventually

That is a Bittrex issue. For some reason, their withdraws are super slow once in a while. Not sure why, but as soon as they send it out it will show up on the chain

Ok it is clear to me but how much time to make a transaction?
BTW I made a tx from bittrex to my wallet almost 1 hr ago but I don't see any tx on explorer.