Topic: [ANN] Terracoin (TRC) - Est 2012 - page 84. (Read 408855 times)

What will happen if some majority TRC holder decide to set up a lot of masternodes and will vote to send all the mined TRC to an address owned by him?

@clockuniverse, can you add the Dash Governance Proposal link in the first page? So everyone can easily see this.
My idea is that the percentage of mined coins allocated to the master nodes and the foundation address, should also be voted by the governance system.
What do you think?

Everyone is free to operate the master nodes including the miners. So let's vote it and decide what's the proper number.

For some reason I thought litecoin was like that.

You know of any others that are still around? Couldn't come up with one.

Yes they are.  A lot of the earlier copies of Bitcoin did that.

Noticed that Terracoin addresses are interchangeable with Bitcoin addresses. 

TRC is fine as a pure POW coin, price isn't everything.

Better off starting a new coin & calling it DASHCRW, or CRWDASH like all the other P&D masternode clones.

  I thought we had won you over considering the price is double what it was when you stated your side and was 4 times higher for a while.

Honestly, I think you argument isn't really valid.  You want more TRC per block but if TRC is worthless then what is the point?

TRC will be worthless without the development we are trying to implement.

Take a look at Virucrex which is running on the old blockchain.  This is what you want:  https://vircurex.com/welcome/index?alt=btc&base=trc&locale=en

Instead of digging your heels in and trying to sabotage what we are working for it; why don't you try and come up with something constructive?

From past exchanges you must know that I value your input, so lets work together as a team to improve Terracoin.

That's strange, all the miners I know thought it was a terrible idea - me included. No miner would be happy about having their mining reward reduced.

After the price rise all the miners I know decided masternodes was a great idea for Terracoin.

We have two developers currently working on it, and I am talking with another.  If anyone knows more developers have them PM me.  The more we have working on it the faster we can get it implemented.

There actually another possible reason:
4) Some of the miners that do not agree to mine while the masternode system will be implemented are protesting in this way or maybe they just cashing out because they do not want to go on with the TRC. I think it's a good thing because it's better for TRC that everybody has a clear idea of what he wants and what he doesn't want.

We have already submitted TRC to Poloniex, Bittrex and BTC-E.  They all pretty much said that we need to generate more buzz about the coin before they accept it.  So spread the word!

May 18th Update – Pounding

Wow.  The price of Terracoin sure took a pounding over the last week.

There are a three of theories about why this happened.

1.  People saw Bitcoin take a slight drop instead of a steady increase so they cashed out altcoins.

2.  A whale from the past appeared to dump their holdings.

3.  The Terracoin Foundation is taking too long to implement DASH’s code so people have lost faith.

Let me address the third theory, since that is the most damaging theory.

I will admit that I am way overly optimistic when it comes to suggesting how long coding will take.

When we updated Terracoin from .8.4 to .9.12.1 it happened really quickly, but we only updated the necessary parts of the code to achieve the short term goals.

We are currently going back over the code and finding things that are now required to update such as the testnet, etc.

Adding the masternodes is a complicated experience not just because of the code, but because we want it to be as simple as possible to manage the masternodes and voting with decentralized governance.

We need to figure everything out, and get everything connecting to everything else.

Which is why I keep saying we want to test it for at least a month and a half.

So what does this all mean?

It means that The Terracoin Foundation is working hard, and you can help.

You can help by telling everyone that the DASH code is going to happen, a new website is going to happen, and we are going to have guides for everything.

You can invite everyone you know to the slack channel and you can offer any help or suggestions that you can.  Here is the public slack channel link.  It only lasts for another 24 days before I need to recreate it. https://terracoin.slack.com/shared_invite/MTgzODE5MDQyMjk1LTE0OTQ2MjI1NzYtZWQyZGYzMWU2OQ

Just in case you don’t understand how serious I am about Terracoin.

I have a back up person to take over just in case I die.

Here are the donation numbers.  These donations are for attraction more developers.  Please donate!  Every new developer helps to implement and test the new code.

Terracoin Donations

34,656.89725820 TRC

Bitcoin Donations

.17194391 BTC

Now for the terrible numbers!

These numbers aren’t really that terrible right now, but take a look at the 1 month or 7 day graph to see the beating Terracoin took.

30 days ago we were at 0.00001239 BTC (.0150 USD) and today we are at 0.00001264 BTC (.0240 USD.) In the past 7 days we have gone over the 2 cent price just once, which was right before I posted this.
We are ranked 257 on coinmarketcap with a market cap of $470,252 USD.  Last week our market cap was $384,615 USD.
Source: http://coinmarketcap.com/currencies/terracoin/

i like it, but for the last few months i try to make the payment for p2pool code to work for merge mining (but no luck yet as i was focus on exchange code)

You don't like the merge mining?

Hopefully we will see Terracoin on the exchange services part!

we did had terracoin pool till was switched to merge mining .. but we are loyals

It doesn't look like your pool supports Terracoin.