Topic: [ANN][HLM] HELIUM - page 145. (Read 189467 times)

I hope so, because I just bought 7500 Spreadcoin  

Just saying, don't be so eager to get the ball rolling on HLM that the fundamentals of a proper distribution are ignored.  A bad distribution can haunt a coin for it's whole life.

Manual coinswaps where the original coins are NOT kept by the original owner are sub-optimal, as they open up possibilities for abuse by the developer/escrow/exchange that is doing the swap.  This is generally not a big deal if the developer/escrow/exchange is well-trusted however.

But a manual coinswap where the original coins ARE kept by the original owner?  That opens up endless possibilities for abuse by every two-bit altcoin trader under the sun!

In situations such as this, I can't imagine anything other than taking a blockchain snapshot at a pre-determined block and distributing the coins automatically to be viable.  CLAMS and a handful of other alts have done this in the past.  My recommendation would be to follow their lead on this one.

There are some valid concerns here and the development team is aware of the sensitivity of such a matter. Rest assured, the final details of the distribution will be well thought out, not overly burdensome from an admin perspective, secure and relatively easy to follow (some of this is achieved by giving prior notice and ensuring security of the process is empathised). Appreciate the time you took to put some thought into this and I do hope you continue to follow both the Spreadcoin and the HLM project as it progresses.

More details forthcoming 

To be honest, I haven't paid any attention to Spreadcoin in ages but was thinking about picking some up to get in on this.  Before I do so however, I want to be sure the swap is going to be handled properly.  I can't see how using an escrow to manually send out coins is a workable method of distribution.

Are you going to continue offering HLM to all newly mined Spreadcoin?  If people can still claim HLM even if they only "pop in once a year", you are basically saying all Spreadcoin mined for the next year will be honored as well.

How exactly are you going to be able to ensure that people aren't using the same coins to continue claiming more HLM over and over again?  This WILL be abused.

What's to stop someone from buying Spreadcoin, using it to get their free HLM, then dumping their Spreadcoin?  Then someone else comes along and does the same thing.  And someone else comes along and does the same thing.  See where I am going with this?  Not only can a single person easily abuse the system to continually redeem the same coins, but MANY MANY people will end up buying, redeeming, and selling the same coins.  This will NOT be a rare occurrence.  Most of the HLM will end up in the hands of people abusing the system, and you will end up running out of HLM long before all the honest holders have redeemed their coins.  I GUARANTEE this is what will happen.

You know we would absolutely love to have you on-board for this. We are sure going to at least tempt you here in the near future 

This is a very true statement, and something that several of us have been considering on our own for a great deal of time before coming together on this project.


To create anything of value in this ever-evolving space is a huge undertaking, indeed. We have some talented and motivated individuals who have experience on other successful blockchain projects aligning with a joint vision on how to bring more decentrlization to our industry. As Coins101 mentioned, the proper funding is being allocated before anything begins in earnest. We get one shot at this and we are going to do this right.

This means we will be underpromising and overdelivering, the focus is on getting a viable long term solution for large scale public blockchains. Information will be released when there is truly updates worthy of bringing to everyone's attention. We know the strength of a cryptocurrency or blockchain platform ultimately comes down to the support of the community of users, so you can expect consistent and transparent engagement from the development team as the project progresses.

If you are interested in becoming part of the HLM project, please reach out and contact Coins101 or myself. We will be updating the community with more information soon on how to get involved as well as more colour on the project details itself.


- Jason

Kind words, thanks mate. 

I'd like to point out that I have no involvement in Coins' plans at the moment.  I'm fully occupied elsewhere right now.

This could change in the future but at the moment I'm just really interested to see where this goes.

Having said that, I'm always happy to help a worthwhile project if I have the time and ability to do so. Lets see how this pans out.

I'm going to fix that.

After securing some IPR, development and implementation is the main priority. We'll sort out dev team funding right from the start.

That's going to end up being the ticker. Releasing the project name now would mean we get people registering domains, github, etc.

We do need to give people an idea of what is going to happen and when. 100% agree with that.

In terms of the first steps, I will be updating the OP fairly regularly to build it up.

We already made the Spreadcoin community know about the intentions to do an economic fork. The escrow process is coming along and we have a very trusted BCT member that is open to helping out on that.

Roughly when the technical fork will happen and more details about the project plans will be posted for Tuesday, which gives a few days to produce the update and an outline road map. I suspect the HLM project team will offer to do a lot of the low value swaps leaving the escrow to handle the bigger swaps. This will cut down on the amount of effort they need to put in and gives them a decent return on effort in terms of their fees.

By doing an economic fork, people can be assured that whatever coins they have in Spreadcoin they will get the same in HLM. So we effectively have an open and liquid market as of right now.

hence why i made the statement ...

i have a great deal of respect for coins and yourself - as well as quite a few others ...

#crysx

To deliver a huge undertaking you need a team of devs, working together on a concerted agreed plan combined with a supportive and engaged community. A lone wolf, refusing to engage his community and asking for money to see non functional demo wallets is not likely to implement coins101's ideas.

Having said that, I'd be surprised if coins101 wanted to hurt the project you speak of in any way. Perhaps the two can coexist.

Coins101, when are you going to provide more info?

100% this. Why are people posting pre-ann WITH NO INFORMATION?!?!

Get your facts straight. Create a business plan and present it correctly....please.

hlm? ...

hmmm ... ok coins101 ...

i like the system in place - but hlm? ...

in all honesty mate - im growing weary of the different places and directions that this is going ...

i would rather have you on my team - with our coin - and grow that way ...

but be that as it may - the ideas you have presented ( and always have presented ) are a good guide as to where the ideas need to go ... though im highly critical of the way this is being done ...

this of course is just my opinion ... but then - no one listened to my opinions way back when mrspread disappeared and georgem took over - and look where it is now ... especially with change of algo - and now ( suggested by many ) change of codebase ... its obvious this will happen now but for the time being - ill watch from the background - implement that which is already underway in granite ( grn ) - and continue to help here where i ( and cwi ) can ...

there is never any shortage of ideas - but to implement is a very huge undertaking ...

#crysx

Some history on how I got here instead of being an active member of the Dash team:


This is pretty close to the genesis for the idea of making something similar to PayPal using the blockchain and Master Nodes:


This idea evolved a bit - you know how Evolution is.

At the time of switching away from Dash, Evan made it clear that he wanted to focus just on making Darkcoin a fast, high volume currency to compete with Bitcoin.

The door was closed to apps that weren't making Darkcoin a faster, bigger currency.  There was no mention of services, which is why I left Darkcoin, because Master Nodes are servers that can handle many different services. So now its time to make sure some of those services I wanted to see built two years ago, actually get built.

If you have worked with coins101 before you will know that his ideas have been discussed for over a year now on BCT.  He has released whitepapers before which form a progression of his idea to the point it is at now.

Given that I have been part of these discussions and have been lucky enough to review his whitepaper, I wouldn't write this thread off just yet.

In any case, the bloke has a good reputation.  I doubt he is going to deliberately waste people's time. Don't be so quick to write this off until you have given him a chance to enlighten you. If you can't wait, maybe hunt down some of his previous research and you might learn something.

i have to agree with many here, why make a Pre Ann if you are posting no info whatsoever? go ahead and give us all something to chew on or mull over for a while? but with what you posted it simply says your paranoid and haven't intentions of informing anyone of anything ever....
so why even make this pre ann?

Will be waiting what are the 2 patents all about...
At least it will not be a copycat  as compared to others. 

KarmaShark:This user's email address was changed recently

sorry bruv, but I'll be taking everything you say with a pinch of salt.....

We will be giving updates as often as possible when there is new, relevant information to share. As pointed out, this is a pre-announcement so you can expect many more updates coming in the future (bookmark this thread, trust me  )

When will the information be released?