[ANN][C2.1] Coin2 | Pow/PoS | ChainOfConflict[FPS] The Future of Gaming is Now - page 430.

Dilapidated

sr. member

Activity: 252

Merit: 250

Quote from: joel511 on April 14, 2014, 09:27:24 PM

Ok good and bad news...

We made Coin2.0 with 60 mil coins instead of 50 mil. We did this because in Proof of Stake a 51% is possible. It is very expensive but possible. So we needed extra Coin2.0 to make sure no one could buy the majority (51%) of Coin2.0. We figure about 8 mil is enough to keep aside for security. We also had to cover the amounts that the 3 exchanges lost during the attack and would like to have a few for bounties for Android wallet and coin2.0j. However, we are only at 42 million +/- old C2 transfered right now. We still have to cover the exchanges for what they lost and we will have a better idea tommorrow night. However, if we do not have more people transfer we will have a surplus of +/- ~ 8 million Coin2.0.

What should we do with this surplus?

1. Would you guys like this to be distributed to you, the users?

2. Save for future development?i.e. Android wallets, multipool, advertisement

3. Faucets/Giveaways?

Please comment.

I believe those who stood by Coin2 should be rewarded the most. Without the communities support this project could have very well fallen apart. In the same token future development and faucets/giveaways are important so here is my solution.

70% Option 1
15% Option 2
15% Option 3

I feel this would be the fairest way to distribute the surplus.

cyberhacker

legendary

Activity: 1330

Merit: 1000

Quote from: joel511 on April 14, 2014, 09:27:24 PM

Ok good and bad news...

We made Coin2.0 with 60 mil coins instead of 50 mil. We did this because in Proof of Stake a 51% is possible. It is very expensive but possible. So we needed extra Coin2.0 to make sure no one could buy the majority (51%) of Coin2.0. We figure about 8 mil is enough to keep aside for security. We also had to cover the amounts that the 3 exchanges lost during the attack and would like to have a few for bounties for Android wallet and coin2.0j. However, we are only at 42 million +/- old C2 transfered right now. We still have to cover the exchanges for what they lost and we will have a better idea tommorrow night. However, if we do not have more people transfer we will have a surplus of +/- ~ 8 million Coin2.0.

What should we do with this surplus?

1. Would you guys like this to be distributed to you, the users?

2. Save for future development?i.e. Android wallets, multipool, advertisement

3. Faucets/Giveaways?

Please comment.

First Multipools (self-build and maintained)
second Vote to be listed on Mintpal
Third Transparent expending !

joel511

full member

Activity: 210

Merit: 100

Quote from: 42coin fever on April 14, 2014, 09:39:10 PM

By the way. The coin2 in the faucet is stuck...probably contact the custodian of the faucet to transfer it to Bittrex for a good use. I talked to coin2.altcoinfaucet.net Sabastian.
Have him transfer it to Bittrex as part of his effort and Keep it after converted to Coin2.0. I will fill the renew faucet again once ready.

Good work! 42 coin fever...i am going to send you a few of my own Coin2.0! You are def an active member. Please remind me once everything has calmed down.

joel511

full member

Activity: 210

Merit: 100

Quote from: cyberhacker on April 14, 2014, 09:40:14 PM

Quote from: joel511 on April 14, 2014, 09:27:24 PM

Ok good and bad news...

We made Coin2.0 with 60 mil coins instead of 50 mil. We did this because in Proof of Stake a 51% is possible. It is very expensive but possible. So we needed extra Coin2.0 to make sure no one could buy the majority (51%) of Coin2.0. We figure about 8 mil is enough to keep aside for security. We also had to cover the amounts that the 3 exchanges lost during the attack and would like to have a few for bounties for Android wallet and coin2.0j. However, we are only at 42 million +/- old C2 transfered right now. We still have to cover the exchanges for what they lost and we will have a better idea tommorrow night. However, if we do not have more people transfer we will have a surplus of +/- ~ 8 million Coin2.0.

What should we do with this surplus?

1. Would you guys like this to be distributed to you, the users?

2. Save for future development?i.e. Android wallets, multipool, advertisement

3. Faucets/Giveaways?

Please comment.

好消息和坏消息:

我们造了6千万（不是原来的5千万）。这样是防止有可能的51%攻击；虽然成本很高，但有可能别人还惦记这这么搞。因此我们多搞了些C2 以防有人有51%。我们认为8百万足够安全考虑了。当然还需要多余的一些来补偿3个交配所在公鸡的时候的损失。再留一些给android钱包悬赏！但是，现在只有4千2百万的老逼。到底三个交配所需要多少币来补偿损失明天晚上才能知道。但是我们多出来差不多8百万。

大家希望用来做什么？

What should we do with this surplus?

1. Would you guys like this to be distributed to you, the users? 发给大家？

2. Save for future development?i.e. Android wallets, multipool, advertisement 作为移动钱包/枪池/广告费用

3. Faucets/Giveaways? 作为赠币？

Thanks for translation...very helpful.

cyberhacker

legendary

Activity: 1330

Merit: 1000

Quote from: joel511 on April 14, 2014, 09:27:24 PM

Ok good and bad news...

We made Coin2.0 with 60 mil coins instead of 50 mil. We did this because in Proof of Stake a 51% is possible. It is very expensive but possible. So we needed extra Coin2.0 to make sure no one could buy the majority (51%) of Coin2.0. We figure about 8 mil is enough to keep aside for security. We also had to cover the amounts that the 3 exchanges lost during the attack and would like to have a few for bounties for Android wallet and coin2.0j. However, we are only at 42 million +/- old C2 transfered right now. We still have to cover the exchanges for what they lost and we will have a better idea tommorrow night. However, if we do not have more people transfer we will have a surplus of +/- ~ 8 million Coin2.0.

What should we do with this surplus?

1. Would you guys like this to be distributed to you, the users?

2. Save for future development?i.e. Android wallets, multipool, advertisement

3. Faucets/Giveaways?

Please comment.

好消息和坏消息:

我们造了6千万（不是原来的5千万）。这样是防止有可能的51%攻击；虽然成本很高，但有可能别人还惦记这这么搞。因此我们多搞了些C2 以防有人有51%。我们认为8百万足够安全考虑了。当然还需要多余的一些来补偿3个交配所在公鸡的时候的损失。再留一些给android钱包悬赏！但是，现在只有4千2百万的老逼。到底三个交配所需要多少币来补偿损失明天晚上才能知道。但是我们多出来差不多8百万。

大家希望用来做什么？

What should we do with this surplus?

1. Would you guys like this to be distributed to you, the users? 发给大家？

2. Save for future development?i.e. Android wallets, multipool, advertisement 作为移动钱包/枪池/广告费用

3. Faucets/Giveaways? 作为赠币？

42coin fever

full member

Activity: 182

Merit: 100

By the way. The coin2 in the faucet is stuck...probably contact the custodian of the faucet to transfer it to Bittrex for a good use. I talked to coin2.altcoinfaucet.net Sabastian.
Have him transfer it to Bittrex as part of his effort and Keep it after converted to Coin2.0. I will fill the renew faucet again once ready.

joel511

full member

Activity: 210

Merit: 100

New Coin2.0 wallet with Openssl 1.0.1g is uploaded. Thanks for letting me know....if been building with e for so long i forgot to look it over. Heartbleed stopped.

https://sourceforge.net/projects/coin2project/

42coin fever

full member

Activity: 182

Merit: 100

Quote from: Dilapidated on April 14, 2014, 09:24:02 PM

Quote from: joel511 on April 14, 2014, 08:46:40 PM

Coin2.0 Spec:

Pure PoS Coin
- 60 sec block time
- diff retarget each block
- 3 transaction confirmations
- 50 minted block confirmations
- PoS block generation after 1 day of holding

Variable interests (annual rate):
Year-1: 30%
Year-2: 20%
Year-3: 10%
Year-4: 5%
Year-5: 2%
Starting from Year-6: 1% annual interest for maintenance.

Thanks for the clarification Joel.
24 hour minimum stake time is great! Is there a maximum stake time?
Last question... Let's suppose that out of the 48,750,000 Coin2 that were distributed only 1/4 (12,187,500) are converted to Coin2.0. Assuming both have the same coin supply of course; what will become of the 36,562,500 Coin2.0 left available? Will it be redistributed among 1000 people once more or is there another plan to distribute these coins?

Thanks again. Keep up the good work!

[/size]
Hope not. Buy a gold plated Farrari and 100 carat Diamond craft with Coin2 logo. lol
Will eventually figure it out let's see if that's unclaimed sudden show up last minutes.
Remember, some big portion of the coins still in Btre wait to be converted and never heard from NXT-e and Poloniex may have a significant amt of C2 in it.

ownerbest

sr. member

Activity: 322

Merit: 250

When does this C2.0 begin to trade? We can fly up Grin

DailyModo

hero member

Activity: 812

Merit: 1000

www.gamebet.gg

Quote from: joel511 on April 14, 2014, 09:27:24 PM

Ok good and bad news...

We made Coin2.0 with 60 mil coins instead of 50 mil. We did this because in Proof of Stake a 51% is possible. It is very expensive but possible. So we needed extra Coin2.0 to make sure no one could buy the majority (51%) of Coin2.0. We figure about 8 mil is enough to keep aside for security. We also had to cover the amounts that the 3 exchanges lost during the attack and would like to have a few for bounties for Android wallet and coin2.0j. However, we are only at 42 million +/- old C2 transfered right now. We still have to cover the exchanges for what they lost and we will have a better idea tommorrow night. However, if we do not have more people transfer we will have a surplus of +/- ~ 8 million Coin2.0.

What should we do with this surplus?

1. Would you guys like this to be distributed to you, the users?

2. Save for future development?i.e. Android wallets, multipool, advertisement

3. Faucets/Giveaways?

Please comment.

Well i would say distributed to the users.

I have bought all my coins and havent been part of the distribution and have been actively helping with the hasrate of the system compared to some other people who probably just took the free coins and sold them as soon as they could.

Reward the active community i think this is the best way to go. or a mix of #1 and #2

joel511

full member

Activity: 210

Merit: 100

Ok good and bad news...

We made Coin2.0 with 60 mil coins instead of 50 mil. We did this because in Proof of Stake a 51% is possible. It is very expensive but possible. So we needed extra Coin2.0 to make sure no one could buy the majority (51%) of Coin2.0. We figure about 8 mil is enough to keep aside for security. We also had to cover the amounts that the 3 exchanges lost during the attack and would like to have a few for bounties for Android wallet and coin2.0j. However, we are only at 42 million +/- old C2 transfered right now. We still have to cover the exchanges for what they lost and we will have a better idea tommorrow night. However, if we do not have more people transfer we will have a surplus of +/- ~ 8 million Coin2.0.

What should we do with this surplus?

1. Would you guys like this to be distributed to you, the users?

2. Save for future development?i.e. Android wallets, multipool, advertisement

3. Faucets/Giveaways?

Please comment.

cyberhacker

legendary

Activity: 1330

Merit: 1000

Quote from: Dilapidated on April 14, 2014, 09:24:02 PM

Quote from: joel511 on April 14, 2014, 08:46:40 PM

Coin2.0 Spec:

Pure PoS Coin
- 60 sec block time
- diff retarget each block
- 3 transaction confirmations
- 50 minted block confirmations
- PoS block generation after 1 day of holding

Variable interests (annual rate):
Year-1: 30%
Year-2: 20%
Year-3: 10%
Year-4: 5%
Year-5: 2%
Starting from Year-6: 1% annual interest for maintenance.

Thanks for the clarification Joel.
24 hour minimum stake time is great! Is there a maximum stake time?
Last question... Let's suppose that out of the 48,750,000 Coin2 that were distributed only 1/4 (12,187,500) are converted to Coin2.0. Assuming both have the same coin supply of course; what will become of the 36,562,500 Coin2.0 left available? Will it be redistributed among 1000 people once more or is there another plan to distribute these coins?

Thanks again. Keep up the good work!

redistributed to current holder please!

we are sticking together!

cyberhacker

legendary

Activity: 1330

Merit: 1000

Quote from: joel511 on April 14, 2014, 09:15:29 PM

Just have to wait and see...I dont want to make promises I cant keep.

这句话说的飘忽自在。。。可以做天朝崴脚布发炎人了

Dilapidated

sr. member

Activity: 252

Merit: 250

Quote from: joel511 on April 14, 2014, 08:46:40 PM

Coin2.0 Spec:

Pure PoS Coin
- 60 sec block time
- diff retarget each block
- 3 transaction confirmations
- 50 minted block confirmations
- PoS block generation after 1 day of holding

Variable interests (annual rate):
Year-1: 30%
Year-2: 20%
Year-3: 10%
Year-4: 5%
Year-5: 2%
Starting from Year-6: 1% annual interest for maintenance.

Thanks for the clarification Joel.
24 hour minimum stake time is great! Is there a maximum stake time?
Last question... Let's suppose that out of the 48,750,000 Coin2 that were distributed only 1/4 (12,187,500) are converted to Coin2.0. Assuming both have the same coin supply of course; what will become of the 36,562,500 Coin2.0 left available? Will it be redistributed among 1000 people once more or is there another plan to distribute these coins?

Thanks again. Keep up the good work!

joel511

full member

Activity: 210

Merit: 100

Just have to wait and see...I dont want to make promises I cant keep.

cyberhacker

legendary

Activity: 1330

Merit: 1000

Quote from: joel511 on April 14, 2014, 08:57:46 PM

Quote from: amdfxman1701 on April 14, 2014, 08:55:09 PM

Quote from: joel511 on April 14, 2014, 08:46:40 PM

Coin2.0 Spec:

Pure PoS Coin
- 60 sec block time
- diff retarget each block
- 3 transaction confirmations
- 50 minted block confirmations
- PoS block generation after 1 day of holding

Variable interests (annual rate):
Year-1: 30%
Year-2: 20%
Year-3: 10%
Year-4: 5%
Year-5: 2%
Starting from Year-6: 1% annual interest for maintenance.

WOW, this is going to make coin2.0 shoot to the moon if BC and Mint are any indicators.

Again, best devs in the business. I hope ya'll bank. Ya'll deserve it.

I just hope we all can do something never done before. Fiat is not my goal here. However, having it does make my goal easier. It also gives me some leverage.

Any hints on further projects? computer spares recycling?

and how about the rumor about payment as SOCIAL MEDIA EXPERIMENT in negotiation.

so curious about that!

Thanks Devs

DailyModo

hero member

Activity: 812

Merit: 1000

www.gamebet.gg

Quote from: cyberhacker on April 14, 2014, 08:40:00 PM

will unclaimed coins be distributed to holders as interests?

how about annual interest rate?

i am excited about the relaunch!

I would like this idea since i missed the initial distribution

joel511

full member

Activity: 210

Merit: 100

Quote from: amdfxman1701 on April 14, 2014, 08:55:09 PM

Quote from: joel511 on April 14, 2014, 08:46:40 PM

Coin2.0 Spec:

Pure PoS Coin
- 60 sec block time
- diff retarget each block
- 3 transaction confirmations
- 50 minted block confirmations
- PoS block generation after 1 day of holding

Variable interests (annual rate):
Year-1: 30%
Year-2: 20%
Year-3: 10%
Year-4: 5%
Year-5: 2%
Starting from Year-6: 1% annual interest for maintenance.

WOW, this is going to make coin2.0 shoot to the moon if BC and Mint are any indicators.

Again, best devs in the business. I hope ya'll bank. Ya'll deserve it.

I just hope we all can do something never done before. Fiat is not my goal here. However, having it does make my goal easier. It also gives me some leverage.

amdfxman1701

sr. member

Activity: 367

Merit: 250

Quote from: joel511 on April 14, 2014, 08:46:40 PM

Coin2.0 Spec:

Pure PoS Coin
- 60 sec block time
- diff retarget each block
- 3 transaction confirmations
- 50 minted block confirmations
- PoS block generation after 1 day of holding

Variable interests (annual rate):
Year-1: 30%
Year-2: 20%
Year-3: 10%
Year-4: 5%
Year-5: 2%
Starting from Year-6: 1% annual interest for maintenance.

WOW, this is going to make coin2.0 shoot to the moon if BC and Mint are any indicators.

Again, best devs in the business. I hope ya'll bank. Ya'll deserve it.

joel511

full member

Activity: 210

Merit: 100

Coin2.0 Spec:

Pure PoS Coin
- 60 sec block time
- diff retarget each block
- 3 transaction confirmations
- 50 minted block confirmations
- PoS block generation after 1 day of holding

Variable interests (annual rate):
Year-1: 30%
Year-2: 20%
Year-3: 10%
Year-4: 5%
Year-5: 2%
Starting from Year-6: 1% annual interest for maintenance.

Topic: [ANN][C2.1] Coin2 | Pow/PoS | ChainOfConflict[FPS] The Future of Gaming is Now - page 430. (Read 499754 times)