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Topic: [ANN] [PIG] Piggycoin old Thread. - page 4. (Read 104058 times)

sr. member
Activity: 294
Merit: 250
May 23, 2014, 04:15:22 PM
Yeh i couldn't get my head around that one
sr. member
Activity: 332
Merit: 252
May 23, 2014, 04:08:13 PM
Quote


Awesome, bought some more piggies, I'm really happy with this dev team ... this coin will break the top 20 soon Smiley

So all that happened today really was the 1.4 wallet update, which stops the network from mining any more coins up to 250mill coin?

And on the 10th of the 6th it goes x11, where 250mil coins are mined in one week?

And then on the 17th, POS and multipool start right?

Yup. I can't start a new blockchain without announcing it first xD

I assumed it would stop at 250 million coins, and then the POS would start to 'mine' the last 250 million coins?

250 million coins mined in 1 week?  

If it reaches 500 million after x11, where do the POS coins come from?  so the total supply is still 2.1 billion?



hero member
Activity: 658
Merit: 500
May 23, 2014, 04:05:36 PM


BEFORE YOU READ THIS PLEASE UPDATE YOUR PIGGYBANK TO VERSION 1.4
 
 
Too long, I’m not in the mood to read this: Piggycoin is going PoS with multipool at launch, cutting the supply by 1/4 and adding x11 to the rest of the PoW. You will need to exchange your old coins.
 
Hey piggycoin community! First of all I wanna thank you all for staying on our side for this 3 months, it’s been a crazy ride!
Big changes are coming our way and the dev team wants everybody on the same boat so we will explain what’s gonna happen, why it’s happen and when it’s gonna happen!
The first big change is PoS, for those not familiar with it, proof of stake is another way of security our piggy network, this means “mining” as we know it won’t exist anymore and guess what? With PoS you will be able to win piggycoins just by leaving your Piggybank open! We won’t enter in many details on how this works because we don’t wanna occupy the whole page but if you want details of how much you’re gonna win we can give you the number: 15% of what you have for each year you leave it in your Piggybank!
And what if I want to keep using my computer to mine Piggycoins? This is not a problem, you will be able to do so with a slightly different method, as announced before Piggycoin will have a multipool, this is a place where you mine other coins and they are automatically sold for piggycoin.
Important: to become PoS in a secure way the piggycoin team decided to change blockchain. This means you will need to change your old piggycoins for the new ones, but don’t worry we are working to make this a really simple process.
The second big change coming is a reduction to the number of maximum coins piggy will have, in the beginning we aimed to have 2.1 billion coins and with this update only 500 millions coins will ever exist. This means the coins you have are 4 times rarer! Isn’t that great?
 
For better understanding of this messy plan we built a timeline:



Awesome, bought some more piggies, I'm really happy with this dev team ... this coin will break the top 20 soon Smiley

So all that happened today really was the 1.4 wallet update, which stops the network from mining any more coins up to 250mill coin?

And on the 10th of the 6th it goes x11, where 250mil coins are mined in one week?

And then on the 17th, POS and multipool start right?

Yup. I can't start a new blockchain without announcing it first xD
sr. member
Activity: 294
Merit: 250
May 23, 2014, 04:03:48 PM


BEFORE YOU READ THIS PLEASE UPDATE YOUR PIGGYBANK TO VERSION 1.4
 
 
Too long, I’m not in the mood to read this: Piggycoin is going PoS with multipool at launch, cutting the supply by 1/4 and adding x11 to the rest of the PoW. You will need to exchange your old coins.
 
Hey piggycoin community! First of all I wanna thank you all for staying on our side for this 3 months, it’s been a crazy ride!
Big changes are coming our way and the dev team wants everybody on the same boat so we will explain what’s gonna happen, why it’s happen and when it’s gonna happen!
The first big change is PoS, for those not familiar with it, proof of stake is another way of security our piggy network, this means “mining” as we know it won’t exist anymore and guess what? With PoS you will be able to win piggycoins just by leaving your Piggybank open! We won’t enter in many details on how this works because we don’t wanna occupy the whole page but if you want details of how much you’re gonna win we can give you the number: 15% of what you have for each year you leave it in your Piggybank!
And what if I want to keep using my computer to mine Piggycoins? This is not a problem, you will be able to do so with a slightly different method, as announced before Piggycoin will have a multipool, this is a place where you mine other coins and they are automatically sold for piggycoin.
Important: to become PoS in a secure way the piggycoin team decided to change blockchain. This means you will need to change your old piggycoins for the new ones, but don’t worry we are working to make this a really simple process.
The second big change coming is a reduction to the number of maximum coins piggy will have, in the beginning we aimed to have 2.1 billion coins and with this update only 500 millions coins will ever exist. This means the coins you have are 4 times rarer! Isn’t that great?
 
For better understanding of this messy plan we built a timeline:



Awesome, bought some more piggies, I'm really happy with this dev team ... this coin will break the top 20 soon Smiley

So all that happened today really was the 1.4 wallet update, which stops the network from mining any more coins up to 250mill coin?

And on the 10th of the 6th it goes x11, where 250mil coins are mined in one week?

And then on the 17th, POS and multipool start right?
sr. member
Activity: 280
Merit: 250
May 23, 2014, 04:02:56 PM
What about the pigs on the exchange (the coins I mean  Grin )... Do I just leave them there and the exchange does the changeover?
sr. member
Activity: 332
Merit: 252
May 23, 2014, 03:58:58 PM


BEFORE YOU READ THIS PLEASE UPDATE YOUR PIGGYBANK TO VERSION 1.4
 
 
Too long, I’m not in the mood to read this: Piggycoin is going PoS with multipool at launch, cutting the supply by 1/4 and adding x11 to the rest of the PoW. You will need to exchange your old coins.
 
Hey piggycoin community! First of all I wanna thank you all for staying on our side for this 3 months, it’s been a crazy ride!
Big changes are coming our way and the dev team wants everybody on the same boat so we will explain what’s gonna happen, why it’s happen and when it’s gonna happen!
The first big change is PoS, for those not familiar with it, proof of stake is another way of security our piggy network, this means “mining” as we know it won’t exist anymore and guess what? With PoS you will be able to win piggycoins just by leaving your Piggybank open! We won’t enter in many details on how this works because we don’t wanna occupy the whole page but if you want details of how much you’re gonna win we can give you the number: 15% of what you have for each year you leave it in your Piggybank!
And what if I want to keep using my computer to mine Piggycoins? This is not a problem, you will be able to do so with a slightly different method, as announced before Piggycoin will have a multipool, this is a place where you mine other coins and they are automatically sold for piggycoin.
Important: to become PoS in a secure way the piggycoin team decided to change blockchain. This means you will need to change your old piggycoins for the new ones, but don’t worry we are working to make this a really simple process.
The second big change coming is a reduction to the number of maximum coins piggy will have, in the beginning we aimed to have 2.1 billion coins and with this update only 500 millions coins will ever exist. This means the coins you have are 4 times rarer! Isn’t that great?
 
For better understanding of this messy plan we built a timeline:



Awesome, bought some more piggies, I'm really happy with this dev team ... this coin will break the top 20 soon Smiley
sr. member
Activity: 294
Merit: 250
May 23, 2014, 03:50:39 PM
Wow What a huge dump that was!
hero member
Activity: 714
Merit: 500
@kryptographer
May 23, 2014, 03:39:18 PM

How many of the original premine have been spent? Can't get those back. Not liking this one.

Besides the premine potential scam, are there any innovative plans for this coin?

any innovative plans for the coin, why dont you read the thread and see for yourself ... there's an actual long-term plan for this coin!

Hmm I don't see anything innovative. Good luck though man. Watch out for the premine scam. Hopefully the devs will be transparent about this but not mentioning anything about it until someone pipes up is sketchy.

https://bitcointalksearch.org/topic/110k-premined-nvc-is-successfully-destroyed-144158

We are doing it that way I'm doing an youtube video right now, just wait a bit Smiley

Great thanks man, looking forward to it.
hero member
Activity: 658
Merit: 500
May 23, 2014, 03:38:06 PM

How many of the original premine have been spent? Can't get those back. Not liking this one.

Besides the premine potential scam, are there any innovative plans for this coin?

any innovative plans for the coin, why dont you read the thread and see for yourself ... there's an actual long-term plan for this coin!

Hmm I don't see anything innovative. Good luck though man. Watch out for the premine scam. Hopefully the devs will be transparent about this but not mentioning anything about it until someone pipes up is sketchy.

https://bitcointalksearch.org/topic/110k-premined-nvc-is-successfully-destroyed-144158

We are doing it that way I'm doing an youtube video right now, just wait a bit Smiley
hero member
Activity: 714
Merit: 500
@kryptographer
May 23, 2014, 03:34:09 PM

How many of the original premine have been spent? Can't get those back. Not liking this one.

Besides the premine potential scam, are there any innovative plans for this coin?

any innovative plans for the coin, why dont you read the thread and see for yourself ... there's an actual long-term plan for this coin!

Hmm I don't see anything innovative. Good luck though man. Watch out for the premine scam. Hopefully the devs will be transparent about this but not mentioning anything about it until someone pipes up is sketchy.
legendary
Activity: 1418
Merit: 1002
May 23, 2014, 03:32:10 PM

How many of the original premine have been spent? Can't get those back. Not liking this one.

Besides the premine potential scam, are there any innovative plans for this coin?

any innovative plans for the coin, why dont you read the thread and see for yourself ... there's an actual long-term plan for this coin!
hero member
Activity: 714
Merit: 500
@kryptographer
May 23, 2014, 03:30:02 PM
So what happens to the 1% premine? cut the total supply and keep the premine based off the original? That would be a scam.

I don't see any innovation at all, just another scam shit coin.

Big annoucement coming!!!!! lol okay zeta. announcing announcements is retarded.

We will reduce the premine to 5 millions guys, calm down.
1% of this new % of coins.

How many of the original premine have been spent? Can't get those back. Not liking this one.

Besides the premine potential scam, are there any innovative plans for this coin?
sr. member
Activity: 294
Merit: 250
May 23, 2014, 03:27:55 PM
So what happens to the 1% premine? cut the total supply and keep the premine based off the original? That would be a scam.

I don't see any innovation at all, just another scam shit coin.

Big annoucement coming!!!!! lol okay zeta. announcing announcements is retarded.

We will reduce the premine to 5 millions guys, calm down.
1% of this new % of coins.

How will you dispose of the coins that are already pre-mined?
hero member
Activity: 658
Merit: 500
May 23, 2014, 03:25:52 PM
So what happens to the 1% premine? cut the total supply and keep the premine based off the original? That would be a scam.

I don't see any innovation at all, just another scam shit coin.

Big annoucement coming!!!!! lol okay zeta. announcing announcements is retarded.

We will reduce the premine to 5 millions guys, calm down.
1% of this new % of coins.
sr. member
Activity: 294
Merit: 250
May 23, 2014, 03:24:34 PM
So what happens to the 1% premine? cut the total supply and keep the premine based off the original? That would be a scam.

I don't see any innovation at all, just another scam shit coin.

Big annoucement coming!!!!! lol okay zeta. announcing announcements is retarded.

This is a good point. This was not addressed in the "Ann". lol
hero member
Activity: 714
Merit: 500
@kryptographer
May 23, 2014, 03:20:49 PM
So what happens to the 1% premine? cut the total supply and keep the premine based off the original? That would be a scam.

I don't see any innovation at all, just another scam shit coin.

Big annoucement coming!!!!! lol okay zeta. announcing announcements is retarded.
legendary
Activity: 1418
Merit: 1002
May 23, 2014, 03:14:37 PM

... in the beginning we aimed to have 2.1 billion coins and with this update only 500 millions coins will ever exist. This means the coins you have are 4 times rarer! Isn’t that great?
 

oh Snap ...  Grin
sr. member
Activity: 294
Merit: 250
May 23, 2014, 03:13:22 PM
Wow, great news Smiley But I think there is a mistake in expected dates. Shouldn't it be 10/06 and 17/06?

And also it says that 500 mill coins will be mined and then POS starts. I thought the total is 500 mill including POS?
full member
Activity: 151
Merit: 100
May 23, 2014, 03:12:33 PM
wtf with dates  Shocked
legendary
Activity: 1073
Merit: 1000
May 23, 2014, 03:12:23 PM
Wow, great news Smiley But I think there is a mistake in expected dates. Shouldn't it be 10/06 and 17/06?

I think so too.  Anyways, I am so excited Smiley
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