Topic: [ANN] NEW FuelCoin - FC2 Re-Distribution x11/pos 2% interest - page 27. (Read 108123 times)

https://twitter.com/fuelcoinNEWS

"Receive approx. 1.5M #FuelCoins for free by hosting your own #FuelMatrix meeting. Contact @altcointoday for details"


"@fuelcoinNEWS  ·  2h
Make sure to contact @altcointoday if you have over 5M #Fuelcoins. We may start paying dividends to stakeholders. Creating an In-house PoS"


The above is from today ... Far from dead

Be sure to follow @fuelcoinnews , @altcointoday and @AltcoinEditor for the latest news and updates on FuelCoin.

is the compiling issue addressed as well? 2 people have reported issues with that.

Sorry about that. Uploaded extracted package to same repository. https://github.com/fuelcoindev/fuelcoincode

Haha no. This coin has not even woken up.  http://www.altcointoday.com/?p=13661

Noob to the coin here: So is this coin dead?

Dumpers gonna dump, that is to be expected.  But I can confidently tell you at least 30-50% of the coins being mined each day are not being dumped, because those are being mined by me.

Reducing supply does not automagically increase demand; the only way to raise the market price is to increase the number of coins being bought.  As I said, I have seen this "block reward reduction" strategy attempted on a number of coins, it almost never works, unless it is paired with other aggressive measures to help increase awareness and community confidence. 

and not only that, it DOES NOT COMPILE.

Can you at least address that?

Can you upload the source properly?  It just a ZIP file.

The plans we have for this coin just would not work with miners depreciating the price. You can check out more about what makes us completely unique from any coin on the market here: http://www.altcointoday.com/?p=13661

Please PM if you would like to become a part or feel free to share with your friends. 

https://github.com/fuelcoindev/fuelcoincode

The great thing about virtual currencies is we can always change the code back if it is not working. View it as a test run. Our large shareholders have been claiming that miners are dumping nonstop to keep the price down and lock in quick profits so we are going to test what happens after the fork.

It's pretty obvious that one or more miners are dumping their coins every hour, every day. These miners don't care about what is coming for the coin to sell at such low prices. Reducing block reward will stop that.

same error in Ubuntu:

compiling bombs out for me...

obj/txdb.o: In function `void CLevelDBBatch::Write, CCoins>(std::pair const&, CCoins const&)':
/home/crackers/src/FuelCoinCode/src/leveldb.h:42: undefined reference to `leveldb::WriteBatch::Put(leveldb::Slice const&, leveldb::Slice const&)'
obj/txdb.o: In function `void CLevelDBBatch::Write, CBlockFileInfo>(std::pair const&, CBlockFileInfo const&)':
/home/crackers/src/FuelCoinCode/src/leveldb.h:42: undefined reference to `leveldb::WriteBatch::Put(leveldb::Slice const&, leveldb::Slice const&)'
obj/txdb.o: In function `CLevelDBBatch':
/home/crackers/src/FuelCoinCode/src/leveldb.h:23: undefined reference to `leveldb::WriteBatch::WriteBatch()'
obj/txdb.o: In function `~CLevelDBBatch':
/home/crackers/src/FuelCoinCode/src/leveldb.h:23: undefined reference to `leveldb::WriteBatch::~WriteBatch()'
collect2: error: ld returned 1 exit status
make: *** [FuelCoind] Error 1

Well, these changes will definitely make mining last awhile - probably 60 years or more.  Kindof ridiculous in my opinion, no one can even begin to predict what the crypto-currency world might be like 3 years from now, let alone over half a century.  Just think - 60 years ago from today we didn't even have color TV.

The existing block reward of 1,000 coins is a reasonable length of time, with roughly 1,388 days of mining (almost 4 years).  Implement some block halving intervals in there and you could easily stretch it out.  

As I said earlier, I have seen others use this strategy in an attempt to inflate the price.  It sounds logical that reducing the mining rewards will eliminate alot of mine-and-dumping, which is often blamed for a drop in price.  In reality, what causes the price to drop isn't miners dumping, but a lack of confidence in the coin in general, which equates to a lack of buyers.  Miners won't dump if they are confident the price will go up.

Such a drastic reduction in mining rewards, and increased block time (and therefore slower transaction confirmation times) will be hurtful to the value of this coin.  The network will slow to a crawl when the new block reward is put in place - no one is going to mine this coin for 1/20th of the value they are getting now, unless of course the price goes up by 20x to compensate (unlikely, without other efforts than the new code base).  Just my humble opinion.

well it is not reducing the total supply just affecting how mining it occurs. the dev wants people to be able to mine this coin for a long time. and wants this coin to be long term. i beleive it is also a drastic change. i suggested the block time be switched to 60 seconds to help with larger miners working on stale work. the block reward im not sure how keen i am on it.

Holy crap those are huge changes - you are reducing the number of coins mined per day to 1/20th of what it is now.

What is the reasoning for this?  I have seen many coins in the past attempt drastic reductions in mining rewards such as this, in the hope it will cause the price to go up.  Seems like a logical approach - reduce supply, increase scarcity - but it usually doesn't work.

Block reward goes down to 100 coins block time to 60 seconds and re target time of 3 hours instead of 1000 coins, 30 seconds, 4 hours

Any details on the fork?

https://t.co/IPZM0NhjyI
there is the new github link

Can you update the github with the new code?

Thanks!