https://bitcointalksearch.org/topic/ann-new-cryptocurrency-stormcoin-symbol-lit-sha-256-algo-2458791Hey guys, I have been following Magi for a long while now.
I wanted to let you guys know first as a community, Magi inspired me to create my own cryptocurrency and Dev the coin once someone approached me about the idea in a chat one day not too long ago.
I was happy to work with them on a project like this since I wanted to learn how to manage a currency, so I jumped at the opportunity to help them create the coin side of a set of services they seek to offer specific clientele who do not want their transactions known when it comes to their crowdfunding, be it a business or individual, so a properly obfuscated website will be created as the crowdfunding cork-board will be completely anonymous when it comes to contributors for the desired crowdfunding goals so the businesses and individuals involved can bring about the large costs of the services without betraying the identity of the funding sources.
My job is to manage the coin. If it is profitable in the end I share in 10% of the profits. I am biased when it comes to the success of this coin because of this, but I must announce this as per normal disclaimers to show this is factual, I am biased about the success of this coin.
Aren't all devs? I would hope so, or they shouldn't be the dev.
Anyhow later on will be offered private mining access initially and later public mining will start after the first 2-3 crowdfunded goals are achieved on the site that the coin is translatable into a token similar to a gaming or casino site, and those are used to crowdfund the various goals. BTC and ETH will be allowed to be transferred in but they get tokens, not LIT coin. LIT coin at first can only be acquired by direct private transaction with the investors for the first 2-3 successful campaigns. After this private mining will be opened up, only to experienced miners with resume of mining and references who can corroborate or proof of one's mining experience.
This is a CPU coin. I am not sure if GPU can mine it or not but it's pointless because the faster you mine it the longer it takes to find a block and it's purely solo mining at first, no pools allowed, due to it's custom blockchain this would be difficult to do anyway, intentionally made this way as you guys of this coin know.
Wish me luck everyone! I look forward to learning the ropes and managing the coin efficiently so we can have another CPU based coin to trade on the market like MAGI.
If this coin becomes successful in it's medium term goals I will cross promote MAGI and start accepting it as payment on the crowdfunding site as well.
We are going to have to work on the PHP nature of the merchant portal though. I learned PHP to get it to work and i still failed. It's complex. It needs to be more user friendly if I am to cross-promote my coins with yours, Joe and community.
Thank you all for everything. You inspired this coin, so i wanted to let you guys know I will take experienced miners from the Magi community only at first for private mining partners. Please PM resume + references facebooks if you want to be part of the initial private mining period of time.
Thanks Joe. yer awesome! I sure would like to see more pump ups of this coin, been holding for nearly 2.5 weeks, wanting some nice action, that last spike was too small.
Got my limits set to 4300 sat. Any help guys? hehe.
Chronosphere