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Topic: [ANN][BTL] Bitleu - Romanian investment cryptocurrency - ASIC-MultiPool proof ! - page 10. (Read 104755 times)

full member
Activity: 210
Merit: 100
If you are at block 126 000 as of now then you are on the wrong side of the fork. It should be 125000. Please download the new client, version 1.1.2.0 and stay with us. The block reward should be 25 coins, not 250.


Source here:
http://github.com/bitleu/bitleu

Compiled clients for MAC and Windows here:
https://github.com/testzcrypto/bitleu/releases/tag/1.1.2
member
Activity: 119
Merit: 100
I'm still holding on to my coins guys. 
Keep up the great work.
legendary
Activity: 1647
Merit: 1012
Practising Hebrew before visiting Israel
Block reward still the same 250 coins. Fail

Are you downloading the latest version ?

The remaining two miners of Bitleu ignores your wallet updates and continues to mine Bitleu to death
http://btl.crypto-coinz.com/index.php?page=statistics&action=pool

Just check http://explorer.bitleu.com/chain/Bitleu

My honest observation: No one really cares what happens to this coin.

Your coin development team spends more time with other coins.

All your time and money will go to waste. You need radical changes. 
full member
Activity: 210
Merit: 100
Block reward still the same 250 coins. Fail

Are you downloading the latest version ?
legendary
Activity: 1647
Merit: 1012
Practising Hebrew before visiting Israel
Block reward still the same 250 coins. Fail
sr. member
Activity: 291
Merit: 250
I-m having problems logging into my account at http://btl.crypto-coinz.com/ since this morning
Anyone else have the same issue?
hero member
Activity: 812
Merit: 1000
full member
Activity: 210
Merit: 100
sr. member
Activity: 252
Merit: 250
hero member
Activity: 527
Merit: 500
hero member
Activity: 826
Merit: 1000
'All that glitters is not gold'
Please update to the latest version 1.1.2 before block 125 000
Block reward is changed to 25 Coins, other small changes like logo and version number, please see github

http[Suspicious link removed]
Windows version
https://github.com/testzcrypto/bitleu/releases/download/1.1.2/Bitleu-1.1.2-macosx.dmg
Mac OSX version

Thank you very much !

You can find both WINDOWS and MAC  OSX here:

https://github.com/testzcrypto/bitleu/releases/tag/1.1.2

newbie
Activity: 26
Merit: 0
Please update to the latest version 1.1.2 before block 125 000
Block reward is changed to 25 Coins, other small changes like logo and version number, please see github

http[Suspicious link removed]
Windows version
https://github.com/testzcrypto/bitleu/releases/download/1.1.2/Bitleu-1.1.2-macosx.dmg
Mac OSX version

Thank you very much !
sr. member
Activity: 252
Merit: 250
Quote
Please please put out all the pertinent information in one of your site's pages. I agree with Madian, that's the common sentiment among crypto investors. Many have been fooled in crypto. I believe in your work, but scam coins do a better job of marketing themselves.
Complete information, updates, complete transparency, coherence - that's your ticket to success. I'm even volunteering to promote your endeavors.
@Andreibi and @Madian thanks for your pertinent comments and advices, we work hard to make as you say, but need some help from you even with more exact positive observations on what it has to be changed and adjusted. We will need this inputs soon after new design of the website will be on.
I will let you know when I am ready to receive positive critics Smiley
Thaks to all!
sr. member
Activity: 252
Merit: 250
Just few more short thoughts in addition to Daniel's answer:

We loved the idea of a Romanian sustainable coin - as here in the country is an economical and political turmoil - so we took it over with all strong and weak things the coin had.

Now, we work hard to make it sustainable, but being not rich pumpers, we don't have all the money at once to make it all function perfectly, but we will make it being as it is said - a sustainable coin!

Just give us some more time, and @madian if you have money to open the foundation, and not organization, you are more than welcomed in our team!  Smiley  We need guys with vision and determination, as we have the conditions to make the coin and the bitenergi project shining, but we need more time and also some more fiat currency for this. I am sure you know it!
All the best!
legendary
Activity: 1647
Merit: 1012
Practising Hebrew before visiting Israel
newbie
Activity: 57
Merit: 0
And this is one of the main problems this coin has. There is alot of contradictory information, both the site and the first page state that there will be a delivery and yet you say it has been decided against it. It's not a problem by itself (things are supposed to change in order to keep the coin viable) but it's the way you decide to present the info that drives people away. As many others, I have invested heavily in this coin and I do not intend to dump what I have but with all due respect, it doesn't feel like you're on top of it, the whole process feels amateurish at best.


Let's debate a bit shall we?

There is a great connection with sustainable eco projects and while I don't feel like buying trees, it's a great added value for the coin itself. It is one of the few that can brag about being involved in real eco-friendly endeavors. On the other hand, all I hear about is the trees and almost nothing about the coin itself. Since you plan to offer fiat, bitcoin and bitleu ways to acquire trees, what would make me choose bitleu over bitcoin? It should be easier/better/faster/cheaper etc. to buy them with bitleu than with anything else in order to draw attention to bitleu.

You offer Bitleu incentives for devs for exchange/wallet etc. coding of , how much was it? 500.000 btl? that's less than 0.4 btc right now, I believe it is difficult to get the job done accurate and fast with that amount of money. I know that you are strong believers of the coin but the devs don;t care about the future, they want to be payed "real" money that have value at the time of the payment. 500k btl is not a strong incentive and while other coins have all they need, bitleu is barely minable, bittrex and ccex are low-average exchanges and nobody else knows anything about it. Invest heavily into development and recognition will come.

I know "ASIC resistance" is an important part of the mission statement but WHY should this matter? The only ones that care about ASICS are the small miners. Investors don;t really bother with it and even more a coin SHOULD WELCOME asics because they will guarantee the continuous mining and integrity preservation of the coin. ASICS are never a bad thing however at this early stage in life nobody would consider using them for bitleu because nobody knows about bitleu.

You want to make it for the romanians? make it more interesting than bitcoin. I have plenty of them(bitcoin), I can use them to buy real stuff and I can send them wherever I want. Why do I need Bitleu other than some patriotic impulse that drives me forward? Give me something to do that can be done only with bitleu.

Get a PR team. Really. You need ONE voice that has to communicate whatever the devs decide. You need unity in the information you deliver. the coin evolution is too slow, things appear to stall at all times and even if the trees are great you will not be able to increase the value and make the coin count. it's the information age, things have to be faster than a brick and mortar shop.


What about the foundation? I believe you didn;t have the 60.000 lei for a real foundation and will have to create a 150 lei association instead. DId you do it? If yes who are the 3 associates? We need faces, names and ppl that are either known by the community or that will have to prove themselves. You say it's not a scam p&d coin? then show us ALL the ppl that count in the development of the coin. give us an organisational chart, tell us who will be the investment officer, the general secretary, the business liaison etc. If not. your foundation is most likely perceived as a scam.


You premined 50%. By all standards, this is insane no matter what your intentions were. This is your main problem. Counter the bad taste taste in everyone's mouth by being thoroughly open about what you will do with it. Airdrop is out of the question so what happens with 100 * 19 millions bitlei? contact those businesses that would like to use bitleu as an alternative currency. Start with online only romanian companies like web  hosting/gift/tickets/technical in this order.  Advertise those connections. it's been several months since the launch and while the message is "something good is about to happen" it still isn;t. The site was down for a long time, no announcement about the reason was given, the rebuilt was slow and while you don;t seem to care about the value of the coin at this stage, we, the investors care. bad signals will translate into quick dumps and investment into something else.

And please don;t tell me that the coin adoption is slow because ppl don;t get involved in the coin and keep mocking it. It's YOUR coin, you created it, you designed the objectives, business plan and future developments. it is YOUR duty to make it known to the ppl and to increase adoption by using at least some of the advices given here. We are doing our part by investing in it and buying insane amounts of it. Ppl don't want declarations, they want facts. Show the ppl they were wrong to accuse you of anything (50% PREMINE, airdrop stolen idea, lack of public figures, slow adoption etc.) by starting to behave like a business and not a money-week kindergarten.      

                                          
full member
Activity: 210
Merit: 100
Have you seen the coin's current hash rate? Investors also look at this.
Script Jane is losing miners to more efficient algos. If Bitleu continues in this path, it will become extinct.

Don't like X11? Blake 256 has merged mining (guaranteed miners)


Another idea, destroy most of the premine and thereby reducing it to 250 million instead of 2.5 billion. The coin value will shoot up instantly. Having more of the coins dilutes each coin's value.

Let's not emulate countries that print more money and thereby reducing the value of one's monetary assets.
miners don't care that much about algo, they just care about profitability.
There are still people mining MRC, Yac, CacheCoin and BDC (the newcomer to scrypt-jane...)
And the advantage of scrypt-jane is that it is mostly under the radar of asic development. (I mean, there will never be any scrypt-jane asic unless btl become very profitable   Wink )

Blake is mined by FPGA.
If a new algo would have to be chosen, I would rather vote for groestl as there is no big improvement from cpu to gpu or anything else meaning everyone has his chance to get something.

I agree if changing the reward to 25 from 250, then the premine should be reduced as well, it was already huge, it would become insanely huge...
However assuming the airdrop takes place, it is better to give people something which is worth 4 block rather than something which is worth even not half a block (I would write I told you so, but I would need to search the message I posted few months ago about that on that thread  Grin)
Hello !
I think Its a good ideea to destroy part of the premine . 2,5 bill it si huge amount of coins imo.
Also it is a great ideea to air drop Bitleu to all romanian citizens, but I think it is not completely
 achievable. From about 23 million romanians only a little above 18 million are over 18 years old, and from that less than a half use or have acces internet.
I think the air drop should be rethink.

There will be no airdrop.
The coins will be slowly given over a long period, as it is more and more accepted everywhere.
Airdrops wreck coins, take a look at Aurora.
sr. member
Activity: 291
Merit: 250
Have you seen the coin's current hash rate? Investors also look at this.
Script Jane is losing miners to more efficient algos. If Bitleu continues in this path, it will become extinct.

Don't like X11? Blake 256 has merged mining (guaranteed miners)


Another idea, destroy most of the premine and thereby reducing it to 250 million instead of 2.5 billion. The coin value will shoot up instantly. Having more of the coins dilutes each coin's value.

Let's not emulate countries that print more money and thereby reducing the value of one's monetary assets.
miners don't care that much about algo, they just care about profitability.
There are still people mining MRC, Yac, CacheCoin and BDC (the newcomer to scrypt-jane...)
And the advantage of scrypt-jane is that it is mostly under the radar of asic development. (I mean, there will never be any scrypt-jane asic unless btl become very profitable   Wink )

Blake is mined by FPGA.
If a new algo would have to be chosen, I would rather vote for groestl as there is no big improvement from cpu to gpu or anything else meaning everyone has his chance to get something.

I agree if changing the reward to 25 from 250, then the premine should be reduced as well, it was already huge, it would become insanely huge...
However assuming the airdrop takes place, it is better to give people something which is worth 4 block rather than something which is worth even not half a block (I would write I told you so, but I would need to search the message I posted few months ago about that on that thread  Grin)
Hello !
I think Its a good ideea to destroy part of the premine . 2,5 bill it si huge amount of coins imo.
Also it is a great ideea to air drop Bitleu to all romanian citizens, but I think it is not completely
 achievable. From about 23 million romanians only a little above 18 million are over 18 years old, and from that less than a half use or have acces internet.
I think the air drop should be rethink.
full member
Activity: 210
Merit: 100
Stemming inflation is a good idea, but you need to increase coin value fast. Miners might not mine anymore.
We work on this. Besides what we already have, any good feasible idea is welcomed and very much appreciated!

Teodor, since you already plan to hard fork. Why not convert wallets to X11 algorithm which is more efficient and popular nowadays. Or convert to Blake-256 so it can be merged mined http://bitcoin.stackexchange.com/questions/273/how-does-merged-mining-work

Doing the above steps will ensure the network will remain healthy and hash rates stay up even with reduction on rewards.

X11 - most miners are on this now.
Blake 256 - Guaranteed mining since a miner can mine many other coins simultaneously (Dirac, Blakebitcoin, Photon, EFL)

They are open-sourced and can be implemented asap.
X11 is a very bad idea in my opinion, there are 3 X11 launches everyday. Why in the hell, anyone even remotely serious would like to move to X11 at the moment (such a bad idea), groestl would be a better choice ( Grin just keeping with scrypt-jane is ok... the are much less clone using scrypt-jane)

Also it wouldn't ensure neither the network, miners are just moving from one X11 coin to another.
X11 coins are just good for fast dumping on the exchange and most of these coin will loose all their values at best in a couple of months.

Thanks djm34 for saying in other words whatever I wanted to say.
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