Topic: [ANN][KiB] Kibweecoin | Proof-of-Contribution | Under rework - page 16. (Read 37030 times)

thanx for ur reply

The POC is just another kind of IPO , dev.
I am sure I have understood it.

I don't think your complex IPO will add any value to your coin.

POC :1.buy shares from dev--2.ask for joining in mine, then your shares are active--3.get coins from your active shares.
You don't need to anything inculding open your PC  after step 1 and 2.
So , it is an IPO guys.

Hi,

added the IRC Freenode on #kibwee !

I'm glad to announce that we are finishing the lasts tests on the PoC Console, we should start pre-registering + pre-launch Shares giveaway soon !

Stay updated

Hi,

At the moment we are 100% working on the Proof-of-Contribution. We need it perfect as we are going to share the source code.
We will start other development only when our work on the PoC will be over.


Yes sure.
You can get some data here (the phone number isn't correct), we decided to use no OvO to hide the informations:
http://www.whois.com/whois/kibwee.com

The dev team is me (main dev), my wife (2nd dev) and my rat (buttress).
The name of this coin coming from my IRL nickname. Kiba Walenty -> Kib Walee -> Kib Wee -> Kibwee.

We will expend the dev team slowly on the need and when we will find trusted devs.

This sure appears quite promising, and I DO love the fact that there is no anon in development in thread, it d be just another "trend" coin...


But then again, I just HAVE to ask, are there any other serious developments being worked on, like anon, encrypted messaging and such?

Any info on the dev team? I think people are just frustrated by the simple pump and dump coins, and wanna be investors in really promising ideas like this one, but they also need justification as to why they should expect the coin to not just disappear in the pump and dump sea

Hi,


You'll able to buy Shares on the release.
But I'll giveaway some Shares for the early users, I'll keep you updated on this threads and other social networks.


Not sure all miners will leave every 60 blocks just for 1 block ! Not mentioning miners can also be contributors.
I don't think it will be an issue, let's see, if that become so, I'll have to fix it.

For this roll, it's 0.0803541 KiB per Share  1 Share cost 0.0001 BTC.
1 KiB will be generated from  1/0.0803541=12.44491569191 shares ?
1 Kib should be cost at least 12.44491569191shares x 0.0001BTC = 0.00124449 BTC to be profitable for Contributors ?

How do we buy shares? Is it possible to buy-in pre-launch like an IPO?

why should a miner mine the 60th block if he/she already knows that his/her reward is zero for that block?

Hi,

thanks for the support !

1. Added a Quick start description of the PoC among the detailed one:


PoC Description (Quick start)
http://i.imgur.com/2Y18xLI.gif

• The coin distribution is PoW and PoC, then will turn full PoS.
• The PoC isn't build into the wallet but on a dedicated server.
• The PoW and PoC work together.
• Every 60 Blocks (=1 hour), the PoC receive 472 KiB from the PoW
• This 472 reward is only for the Contributors who have Shares.
• 1 Share cost 0.0001 BTC. The Share max. number is unlimited.
• Every Contributors, every 60 Block, will receive KiB based on this formula: Your amount of Shares * (472 / Total Shares). We call this a Roll.
• Every Rolls, the Contributors losing 1 Share.
• You can turn off/on the Contribution anytime.
• It's an alternative to the mining. Peoples who can't mine, can Contribute and receive KiB.
• The PoC Console is web based and gonna be open-source on the long term.

2. Updated the mining pool list, some are already pre-registering.

Mining Pool (not available yet as the coin isn't released)
http://i.imgur.com/2Y18xLI.gif

http://kib.pool.mn/

• 0.99% Fee
• Dedicated server
• DDoS protection

http://kib.hashhot.com/

http://kib.minerpools.com/

• Pre-registration open

http://kib.hashlink.eu

• Pre-registration open
• 1% Fee
• PROP Payout system
• Dedicated Servers
• High performance NODE.js backend with MPOS Frontend

3. Chinese Translation available: https://bitcointalksearch.org/topic/kib-kibweecoin-pow-x11-pos-0-644272

I like the look of Kibweecoin - Bot-free Proof of contribution has a good chance of being the next big thing in Crypto currency in my opinion.

Developer appears active / approachable too which is a good sign.

Very good idea!

nice 

Hi,

berkelip sorry dude, I'm deleting your topic. Your attack isn't justified.


I'll work to make the system easier to understand on the paper.

But atm:
 
1. The coin distribution is PoW and PoC.
2. Every 60 Blocks (=1 hour), the PoC receive 472 KiB from the PoW.
3. This 472 reward is only for the Contributors who have Shares.
4. 1 Share cost 0.0001 BTC. The Share number is unlimited.
5. Every Contributors, every 60 Block, will receive KiB based on this formula: Your amount of Shares * (472 / Total Shares). We call this a Roll.
6. Every Rolls, the Contribs losing 1 Share.
7. You can turn off the Contribution anytime.
8. It's an alternative to the mining. Peoples who can't mine, can Contribute and receive KiB.
9. The PoC Console is web based and gonna be open-source on the long term.


We are doing some tests on the PoC Console to ensure we have no bug. We think to release it in 1 week, but we have no fixed date atm.


No worries, keep questioning if you don't understand something.
The PoC is hosted by a server, the Console will be a web page. You don't require to keep your wallet or your computer turned on.
Just say to the console that you want enable the PoC, and you'll receive automatically the KiB on every Roll.


We made the PoC to create an alternative to the mining.
The PoC will be open-source because we want to allow no miners to have a way to earn coins.

Nice idea, but ugly logo. I will mine it!

This Coin has very good idea! when will launch?

mark,where is the lunach day?

Look funny

Chinese translation:http://www.btclt.cn/forum.php?mod=viewthread&tid=3511&page=1&extra=#pid4306