I was slightly interested until I read this line: "It's truly greed on the part of people being scammed that's to blame and not the desperation of the repressed Nigerian people."
Fuck you! So many people have been scammed out of money from greedy bastards like you, and it's their fault? I'm calling it now, this whole coin is a scam. Nobody trust it, consider yourself warned!
Topic: [ANN][0.9.0][NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 26 - page 16. (Read 33450 times)
March 21, 2014, 01:39:21 AM
March 21, 2014, 01:27:54 AM
How are you going to promote this coin in Nigeria?
March 21, 2014, 01:20:02 AM
Whitepaper released. 
March 17, 2014, 07:51:26 PM
419 coins per block?
March 17, 2014, 07:41:37 PM
NigeriaCoin
Mar 26 Launch
Time: 01:00 WAT - 00:00 GMT - 20:00 EDT - 17:00 PDST
COIN IS OFFICIALLY LAUNCHED
http://www.altcoincalendar.info/coins/285-NGC
http://nigeriacoin.org
NigeriaCoin official song just released!!
https://www.youtube.com/watch?v=YJAT6fEn0zw
Mar 26 Launch
Time: 01:00 WAT - 00:00 GMT - 20:00 EDT - 17:00 PDST
COIN IS OFFICIALLY LAUNCHED
http://www.altcoincalendar.info/coins/285-NGC
http://nigeriacoin.org
NigeriaCoin official song just released!!
https://www.youtube.com/watch?v=YJAT6fEn0zw
UPDATE:
NGC Proof of Burn - Coin Distribution Symmetry address has been generated. The Proof of Burn premine has now been destroyed in it's entirety, slightly ahead of schedule.
http://explorer.nigeriacoin.org/address/NigeriaDestroyCurrencyHAhaHAmoSNy2
Description
NigeriaCoin is a peer-to-peer virtual protocol and currency and similar to Bitcoin and Litecoin. It is specifically designed with one primary differentiator, Coin Distribution Symmetry (CDS). CDS is an inflation adjustment mechanism to minimize dilution of share values from Proof of Work (PoW) mining. This provides both miners and investors with incentives to participate in the currency.
Why Nigeria?
"Nigeria is going to shoot past South Africa to become the largest economy in Africa on March 31." (nigeria giving sa a run for it's money, 2014)
Nigeria also has more citizens than Russia and actually has a quite tech savvy community.
Despite these positive things, Nigerians are still struggling with a centralized and corrupt central bank and currency.
"Nigeria’s currency, the naira, has stayed in free-fall, the day after the suspension of graft-fighting central bank chief Lamido Sanusi. Analysts say the move makes investors nervous and will encourage capital flight." (nigeria's currency tumbles, 2014).
In the country, a huge gap exists between the wealthy elite and the rest of the population. Some politicians vow to "fight corruption that keeps an elite fabulously wealthy while the majority of Africa's most populous nation ... struggle to survive on less than $1 a day, according to U.N. statistics."
Yet, due to a lack of transparency in the monetary system and a centralized currency, it is still widespread to a sickening degree. For instance, "no one has been prosecuted for a fuel subsidy scam uncovered in 2012, in which some $17 billion was paid to companies for fuel that never was delivered." (therepublic - nigeria missing billions, 2014).
Most foreigners know of Nigeria only for their 419 scams. NigeriaCoin acknowledges the struggles of the repressed population and salutes their creativity in trying to break free from the shackles of a corrupt government. Their entrepreneurial spirit and creativity has led them to an easy source of cash.
Edit: removed some controversial lines, original unedited text can be read on the whitepaper.
Specifications
- Latest Bitcoin Core 0.9.0 updates including Tx malleability fix
- Skein algorithm that runs cooler on GPUs and is 30% more energy efficient compared to Scrypt. It also dodges the Scrypt ASICs coming out for fairer initial distribution
- 2 minute block target (because anything less will have too many orphan blocks)
- 41900 coins per block (as suggested. it's just too funny to pass up. thank you otila)
- 88 billion total coins (NigeriaCoin loves the Chinese and the Chinese love 8's)
- Difficulty retargets every block using a modified Digishield adjustment
- 3% dev premine for bounties, giveaways, development, support and maintenance, new feature developments etc.
- Large Coin Distribution Symmetry block of 47% (NEW CONCEPT, we will destroy this premine via Proof of Burn to adjust for inflation created by PoW mining)
Whitepaper
http://www.scribd.com/doc/213646442/NigeriaCoin-whitepaper
Pools
- Please signup. We want both MPOS and P2Pools.
- ngc.plasr.com/
- ngc.poolerino.com/
- ngc.sumpool.com
- asicpool.us/ngc/
Exchanges
- c-cex.com/index.html?p=ngc-btc
- More to come soon...
Source
Wallets
- Updated v0.9.0.1 (lower transaction fees)
- Win32 Qt Sendspace Mega
- Win64 Qt Sendspace Mega
- MacOs Qt Sendspace Mega
- Lnx64 Qt Sendspace Mega
- Lnx32 Qt Sendspace Mega
Wallet SHA-256 Checksums
Code:
d94e8b3ff0bfe911416926cc3da816f3f84ade2405135732442b895d4a95c491 nigeriacoin-0.9.0-win32-setup.exe
113579d2976dfa3fa6fbf67355cb2464e363c4b5fc199e3537e1d8e59c72f1c4 nigeriacoin-0.9.0-win64-setup.exe
304921d82cb0537ee39f563bb261ab8eb41731b4e97c9bda9646c6a615287eb8 32/nigeriacoin-cli
7513fa140be8cf434b932eb506dbbb7e33f44d16c2c41a76be61d84067bf3718 32/nigeriacoin-qt
3eea1de33db0d86802543037769e9c637a964e02e57fc74d2169ef929bb27e92 32/nigeriacoind
b753241459adab58661c98bbdc4a50e550251a22dd191cb800bb7187d33a9987 64/nigeriacoin-cli
ca4b53a0246d3b03f50ed25a47f0469c3f716734242e3e2b842c0182a4be64f8 64/nigeriacoin-qt
970bab915629876f43fbcba90ba711f7d328333eee76b4a08f85ce0fbd7a3527 64/nigeriacoind
24e6b3f52861232a2b3c764e32cead60417826d092c5b914375660d8f1bc229b Nigeriacoin-Qt.app/Contents/MacOS/Nigeriacoin-Qt
Malware Analysis
Win32 QT https://www.virustotal.com/en/file/a5b4d1a422aced1f09e12d830c23e33bd58484987765a7362b1a83276f837cc3/analysis/1395920343/
Win64 QT https://www.virustotal.com/en/file/070a16d1fe3b5a38b845043a6f1d29c433db369da2d4a6a3fbadc70304682340/analysis/1395920376/
LNX32 QT https://www.virustotal.com/en/file/7513fa140be8cf434b932eb506dbbb7e33f44d16c2c41a76be61d84067bf3718/analysis/1395920409/
LNX64 QT https://www.virustotal.com/en/file/ca4b53a0246d3b03f50ed25a47f0469c3f716734242e3e2b842c0182a4be64f8/analysis/1395920514/
MacOS QT https://www.virustotal.com/en/file/24e6b3f52861232a2b3c764e32cead60417826d092c5b914375660d8f1bc229b/analysis/1395920557/
Miners
- Source Skein CGMiner- https://github.com/reorder/cgminer_skein
- Windows Skein CGMiner - https://www.dropbox.com/s/uhbp9r6m8zzqnke/cgminer_skein.zip
- Windows 64bit CPU - https://www.dropbox.com/s/37gsfx6bsxbaoqh/skeinminer64.zip
Bounties
Nigeriacoind / Nigeriacoin-qt coreWindows walletMacOS walletMPOS pools for launchP2Poolhttps://github.com/nigeriacoin/p2poolExchangesBlockchain explorerhttp://explorer.nigeriacoin.org/(broken)- Android Wallet
- Community moderator on Reddit
- Community moderator on IRC
- Chinese Translations - In progress
Please PM directly to negotiate the bounty. It will be allocated based on skill and prior work. Thanks to our hard work and bounties, we've obtained access to a dev team from another major altcoin which makes NigeriaCoin one of the first altcoins to be based off the freshly release Bitcoin 0.9.0 core release.
Community
- Reddit - /r/nigeriacoin - http://reddit.com/r/nigeriacoin
- Facebook - https://www.facebook.com/pages/Nigeria-Coin/647829021930852
- Freenode IRC #nigeriacoin - https://kiwiirc.com/client/chat.freenode.net/nigeriacoin
Graphics
- Merchant Logos! http://i.imgur.com/CN1ZT4U.png
Join the revolution!
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