Topic: [ANN][KiB] Kibweecoin | Proof-of-Contribution | Under rework - page 10. (Read 37007 times)

It seems like it but it's completely not. Even if it is, this is innovative, so I wouldn't mind. Some IPOs have won for innovation & dev work.

POC seems really like an IPO 

Kib. You the man. After asking so many questions, I think I finally understood how this whole system works. This is very innovative. I am a shareholder now and have turned on contributions. All set for the KiB roll

- Reminder -
The sources code release is in ~2 hours, if you're a Contributor and want to Contribute straight after the launch: don't forget to turn on your contribution !

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Mining will be available when Kibweecoin launches!
Feel free to register and configure your miners before the coin launch

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Finally, a little innovation! I think PoC will bring some investors here. And 0% premine is great. I will mine this.

Hi,


I can understand that the theoretical side is pretty harsh to understand. The concept is very new, peoples have a lots of questions.
The relationship between the PoC mechanics and the market is very important and lead to a lots of maths, schemes and explanations.
For a basic practice, PoC is very easy to get (just check the website for a better understanding).
If you have any questions because something isn't clear, I'm here to provide an answer.


Yes English is a second language and absolutely not my native one. The mainstream for Crypto is in English, and I have to deal with that.
As Francecrypto said, I have some bounties pending for helping me to fix my typos or mistakes.
I'm aware of the importance to have a perfect english, we will only reach this with the help of native speakers. We may even have to recruit a community manager in the future.


Kibwee is harsh to say for most peoples, even on my language.
I like the "UFO effect" of this name.
But if this become a real issue, we will change it, just for KibCoin or so.
Anyway, thanks for your detailed feedback.


Thanks ! We are very impressed to see so many peoples supporting the project.

Bought 1k share and they also were credited without problem. Now waiting for launch 

just wanted to pass along that i bought a few shares and they were properly credited to my account.
In case any of you were a little uneasy about it, it seems to work just fine so far 

patiently waiting for lauch to start mining

Wow, this one takes some brainpower to follow!

I'm still a bit confused, but I think I get the main concept. Like many, I am unsure how this is superior to an IPO, but I do get that fairness is the goal.

47 billion "shares" versus actual coin number can be a bit confusing, but I see why you say that share totals are "irrelevant".

It is very (very!) difficult to comprehend if the share price is reasonable. And the fact that one cannot sell their "shares" but may be able to (some day in the future) do something or another in the blockchain is well, above my head at the moment. (I will have to dig in further on the concept, I guess).

Overall, I think the concept is a really fun idea, if nothing else. It even involves a bit of strategy as to when to turn on and off the shares.

A couple of minor, well, suggestions, I suppose, not really complaints. As English is clearly a second language to you (Kib), you are doing fantastic. But, you know, as actual English goes, well, you need a bit of work . That doesn't really matter of course as, for the most part, you are perfectly understandable and your work on the coin is unrelated to whatever language you speak. Anyway, I'm just saying that after the initial rollout, you might want to think about maybe recruiting a friend who speaks English to give you a hand on the thread. It is definitely not fair, but I have found that many people are distrustful of coins where the main guy on the coin can't speak English. Think of it as the Wolong effect. (Wolong is a famous coin scammer, supposedly from China).

Which brings me to the name. I have seen people on this thread complaining about it. I think this is where the language gap comes into play. Kibwee may sound awesome and maybe even clever (who knows) in your language. However, it is a bit awkward to say in English. A "B' followed by a "W" is just not common in English. In fact, off the top of my head, I can't think of one word that uses those two letters together. Anyway, I think that is part of why you are getting complaints about it -- it's certainly no reflection on you.

But, back to the more important things:

This seems like an exciting new concept and I can't wait to see how it goes! Good luck to KIB!

Nice to see an innovative coin around here lately. Good luck with the launch dev.

what's special about this coin? Dont get the Proof of Contribution thing? How do you measure if someone has contributed?

woooot launch day!

Thanks altcoinherald, I updated the OP.

Your coin has been added to the Altcoin Launch Calendar:

http://altcoinherald.com/3838

We'll stay tuned for further developments with your coin.

Sources at the moment.


That's 2 questions 

To be fair with everyone, we are not planning to change the price, except in case of absolute necessity.

You can't turn your Shares into KiB. As the coin isn't premined, we have only 472 every 60 blocks to splits between all active contributors. But as said upper, we will work on a way to extract the Shares in the form of a code (like the BTC-e code).

I will admit this is an interesting concept and I'll be paying attention to this. Good luck with your launch later, hope it's smooth and without trolls.

One more question. Lets say I buy some shares at 0.0001 now. After 20 days, when KiB is at bittrex trading at some price, will the share price increase correspondingly? And is it possible to convert my shares to KiB coins and sell at bittrex later?