Topic: [ANN] Wyvern: what happened and why, a message from the original dev - page 34. (Read 47155 times)

For the sake of transparency we are informing you of a small change to the coin.  Difficulty re-target has been reduced from 500 blocks to 480 to avoid a periodic number being generated.

Thanks will be watching this thread.Cant wait to start.

okay and thank's again 

There are a few available but we did not code our own.

Gpu miner ready?

We will ensure ample time, and if you have any concerns please voice them.  And yes, users can sell however they like as well, its a free market so other users can compete/undercut us if they feel so inclined.

thats cool, sounds like it could work, im not gonna rag, ill give ya the benefit of the doubt, try make your plan work here
If exchanges take a while i assume users as well could sell the same way as well?

its hard to find a unique way to self-fund without a scammy ICO, Proof of Work on your approach will hopefully work nice, good luck!
give us time b4 mining launch to get setup with source and wallets, please and ty! makes for fair launch

We wanted to find a way to fund the coin without using the typical garbage coin approach.  Coins will be sold to try and support the coin during the onset since supply will be limited.  We will only be selling coins that have been exchanged for virtual items.  The goal is to have this all balance out to fund the coin during early stages.  No coins will be available for purchase for until a little bit after the launch.  The exchange rate will be a set based on coin emission rate.

Like 1st and Round?Then i would join in

No info about a premine, remember , we will just check the source ourselves if you dont tell us upfront

Ill prb mine this tho, i like me some NIST5, good algo imo.

Awaiting the github source, wallets, and launch!

edit: i see at https://www.projectwyvern.com/invest/ it says no premine, but your selling invest coins? ;p

so whats the plan your gonna mine from day one and sell those at 5+ exchange rate? haha good luck , tho i guess it could take a week or 2 for exchanges and therefore give you time to mine/sell to investors. but wait, then whats "exchange rate"= 2? haha, weirdness

I will add you to our contact list.  Thank you!

i would like to reserve indonesian translation if needed 
thank you

Will be released on the website within the next couple of days for linux and windows.

where wallet !!
 

Website has the detail but I will provide more here: Wyvern specs                       Algorithm: NIST5                    Supply:  12,000,000                       Difficulty re-target:  480 blocks

                                                                       Block Time: 120 sec                 Block Size: 2mb                               Yearly Interest Rate: 5%

    Wyvern was created to provide a coin that is easily accessible to gamers.  Using the NIST5 algorithm, gamers can mine with can mine with GPU's (or CPU's at a slower rate) without ASIC interference.   This gives everyone a fair chance to contribute to the network.  NIST5 was chosen due to causing lower operating temperatures than other algorithims (see graph below).  When designing the coin, our team struggled with how to assign the coin value.  We didn't want to do a pre-sale or pre-mine, so instead decided to provide the Virtual Exchange to provide the coin with value straight out of the gate.  Wyvern may be exchanged for Steam items/games, as well as many popular MMO items.  This is done to ensure the coin has a fighting chance to take hold in the market, and hopefully we will be able to branch out the coin from there as a community.  A FAIR LAUNCH is of the utmost importance to us.  Using a Pow/Pos hybrid system, we can ensure the coin has longevity past its mining period, and Pos will also encourage retention of the coin.  

more details?

the op is lack of basic info about a coin.

We are aiming for a few days from now.  We want to be as transparent as possible so we will have the source code available prior to launch as well as the blockchain explorer.  The specific date/time with be given out sometime in the middle of this week.

When launch ?

   Hey everyone, I have come back here to provide information and communication that you all deserve to know. First and most importantly, I want to apologize to everyone that was a part of the original wyvern community. We had a good thing going and I single handedly ruined it. Essentially what happened is that my personal life was flipped upside down. I experienced job issues and several other unfortunate circumstances, most of which were my fault. I couldn't efficiently manage the funds I had and what I had used for contract work towards the wyvern exchange was incomplete and non-functional. I didn't know what to do, so I did the worst thing possible: I did nothing. I felt ashamed that I couldn't finish what I had promised. I was not mature enough to face the public backlash. I started working extra jobs until I had earned enough money to repay the original USD value of the wyvern exchange/wyvcorp investments. These were then distributed through ColonelClink. Since the price of BTC was skyrocketing during this time, I know I cost some of the wyvern community real life money. I caused you to miss out on great BTC profits. To any that I directly affected you have my most sincere apology, and I regret that I couldn't fully make this up to you. In the future if I am ever in a position to do so, I will without hesitation. To the community at large: I behaved terribly towards you as well as my personal real life friends. I ask for your forgiveness. You deserved better. I am resolved to be better in the future. Protinam has done an amazing job porting the wyvern coin to an erc20 token and bringing his version of the wyvern exchange live. So wyvern will live on, one way or another. If you made it this far, thanks for reading. If you have any questions, feel free to PM me on bitcointalk. I'll be on periodically to catch up on what I've been missing with the crypto scene.  
-Nukeless