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Topic: Announcing ProzCoin : Proof of Action (PoA) - page 47. (Read 78492 times)

sr. member
Activity: 364
Merit: 250
Good luck guys!!! Its great to see other teams put names behind the coins. I think we are slowly generating a new effect on people. Once again best of luck, its great to have healthy competition.


This is the first I have heard of your coin, but since our infrastructure is built around promoting all cryptocurrencies, we don't really see you as "competition", as we will gladly give Axron a home on Coinproz.com.
This project has been in development for over 6 months, and it is much more than "Prozcoin".  Between the hardware/software projects, and plans to expand the reach of cryptocurrency beyond the current early adopters, this is a mass adoption initiative,not an altcoin.


I actually wrote an article about the issues crypto has been facing to cross the mass adoption barrier:

http://thecoinfront.com/iculture-marketing-the-individual-to-the-masses/


Chris
sr. member
Activity: 364
Merit: 250
Some instructions for those who have never used Mastercoin before.

First, visit omniwallet.org and generate a free multi-wallet that holds Bitcoin, ProzCoin and any Mastercoin protocol based coins or smart property. After clicking "Create Wallet", you will be prompted to create your password you'll want to keep it safe as it's your private key. Once you've created your password, you will be logged into your wallet and you'll see your Omniwallet id.  Make sure you save your Wallet ID. You need this to login to your wallet.  After you copy your Omniwallet id, you will see a Bitcoin wallet address.  Your Prozcoin will be sent to this address as Smart Property, and a wallet will be generated for the coins upon arrival. - See more at: http://cryptoshoppers.com/index.php?route=product/product&path=80&product_id=182#sthash.uODNzk1S.dpuf

You do not need any bitcoin in your wallet to receive Prozcoin.  You will need to send a little bitcoin to your omniwallet.org wallet in order to send Prozcoin because it is on top of the blockchain and needs miner fee's.

I don't understand what is relation between my cryptoshoppers account and omniwallet address ? How can I receive prozcoins after payment with cryptoshoppers ?

Cryptoshoppers is a store that is selling the Prozcoin so it has a transaction record.  It is not related to Omniwallet.  Omniwallet is what you use to receive your Prozcoin, and creating an omniwallet account will allow us to send you the Prozcoin you purchased.

Chris
sr. member
Activity: 308
Merit: 250
Some instructions for those who have never used Mastercoin before.

First, visit omniwallet.org and generate a free multi-wallet that holds Bitcoin, ProzCoin and any Mastercoin protocol based coins or smart property. After clicking "Create Wallet", you will be prompted to create your password you'll want to keep it safe as it's your private key. Once you've created your password, you will be logged into your wallet and you'll see your Omniwallet id.  Make sure you save your Wallet ID. You need this to login to your wallet.  After you copy your Omniwallet id, you will see a Bitcoin wallet address.  Your Prozcoin will be sent to this address as Smart Property, and a wallet will be generated for the coins upon arrival. - See more at: http://cryptoshoppers.com/index.php?route=product/product&path=80&product_id=182#sthash.uODNzk1S.dpuf

You do not need any bitcoin in your wallet to receive Prozcoin.  You will need to send a little bitcoin to your omniwallet.org wallet in order to send Prozcoin because it is on top of the blockchain and needs miner fee's.

I don't understand what is relation between my cryptoshoppers account and omniwallet address ? How can I receive prozcoins after payment with cryptoshoppers ?
member
Activity: 98
Merit: 10
Good luck guys!!! Its great to see other teams put names behind the coins. I think we are slowly generating a new effect on people. Once again best of luck, its great to have healthy competition.
sr. member
Activity: 364
Merit: 250
I understand that this coin is more than 50% Premine?

Master Protocol is not the same as normal Altcoins.  In essence everything must be 100% Pre-mined.  We are creating PoW/PoA blocks so that miners are not left out, as this is not an "Altcoin", but is the currency for an infrastructure that goes for the general promotion of cryptocurrency.


Chris
sr. member
Activity: 1456
Merit: 253
Margin Trader
I understand that this coin is more than 50% Premine?
sr. member
Activity: 364
Merit: 250
we are considering doing a twitter and bitcointalk giveaway.  We would like to promote the Mastercoin protocol as many have never used it.  www.omniwallet.org 

https://twitter.com/ProzCoin

Just started the giveaway Smiley

100 Prozcoin to anyone who retweets and posts omniwallet address.


Chris
sr. member
Activity: 364
Merit: 250
Since we have already sold over 6 BTC worth of ProzCoin at a flat 250 Satoshi, essentially we have established a market capitalization of 250 BTC before even getting onto an exchange.  Being able to establish a BTC reserve and a buyback floor for our affiliates is part of the plan to ensure long term sustainability for the Coin Proz network.  In addition, since over 70% of the coins will be in a public escrow account, there will be complete transparency for people to know that the coins are safe.


Chris
POA is a good idea and concept.But now,the popularity is not enough.
For long term,your plan is critical.
Quote
Being able to establish a BTC reserve and a buyback floor for our affiliates is part of the plan to ensure long term sustainability for the Coin Proz network.

Realistically, the fickle nature of the exchange market is partially why we wanted to get some good ICO support before going into the exchanges.  You will not see us make the same approaches as the altcoins looking to make a quick buck on the exchanges, but we will absolutely not ignore PR.  There are a couple articles being written about us this weekend, and will be circulating this week as we move onto Poloniex.  Keep a look out!

Chris


U
full member
Activity: 503
Merit: 106
Since we have already sold over 6 BTC worth of ProzCoin at a flat 250 Satoshi, essentially we have established a market capitalization of 250 BTC before even getting onto an exchange.  Being able to establish a BTC reserve and a buyback floor for our affiliates is part of the plan to ensure long term sustainability for the Coin Proz network.  In addition, since over 70% of the coins will be in a public escrow account, there will be complete transparency for people to know that the coins are safe.


Chris
POA is a good idea and concept.But now,the popularity is not enough.
For long term,your plan is critical.
Quote
Being able to establish a BTC reserve and a buyback floor for our affiliates is part of the plan to ensure long term sustainability for the Coin Proz network.
sr. member
Activity: 364
Merit: 250
Since we have already sold over 6 BTC worth of ProzCoin at a flat 250 Satoshi, essentially we have established a market capitalization of 250 BTC before even getting onto an exchange.  Being able to establish a BTC reserve and a buyback floor for our affiliates is part of the plan to ensure long term sustainability for the Coin Proz network.  In addition, since over 70% of the coins will be in a public escrow account, there will be complete transparency for people to know that the coins are safe.


Chris
U
full member
Activity: 503
Merit: 106
When release the client?

Should be next week.  Been working on getting the Escrow set up, the website, and a few other things.  Since the Omni wallet was already set up, the website took higher priority.  


Chris
Great.Thumb up.
sr. member
Activity: 364
Merit: 250
When release the client?

Should be next week.  Been working on getting the Escrow set up, the website, and a few other things.  Since the Omni wallet was already set up, the website took higher priority.  


Chris
U
full member
Activity: 503
Merit: 106
When release the client?
hero member
Activity: 798
Merit: 500
Sovryn - 300-500% APY on USDT Deposit



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sr. member
Activity: 364
Merit: 250
Have invested.
I love this coin and concept.


Thanks we appreciate the support!
Good coins deserves support.
Wish dev release more interesting features. Smiley


Shannon has some amazing things lined up.  If we can execute them as planned, you will see some amazing hardware/software combinations.

"Smart Wallet"

Chris
newbie
Activity: 56
Merit: 0
Have invested.
I love this coin and concept.


Thanks we appreciate the support!
Good coins deserves support.
Wish dev release more interesting features. Smiley
newbie
Activity: 56
Merit: 0
Have invested.
I love this coin and concept.
sr. member
Activity: 364
Merit: 250
Well, can you do a google hangout showing everyone faces on live? i think this would settle it and bring the full trust in your team.

I mean...yeah, we could...

It is just a huge hassle since we are all in different time zones.  One or two at a time would probably be more likely, but I am sure no one would have a problem with it.  I normally wouldn't even be awake right now, but I DJ'ed a party tonight, so I am up late.  Smiley

Here is my facebook page: https://www.facebook.com/LChrisBates

Chris
hero member
Activity: 812
Merit: 1000
www.gamebet.gg
Well, can you do a google hangout showing everyone faces on live? i think this would settle it and bring the full trust in your team.
sr. member
Activity: 364
Merit: 250
Would appreciate it if you could briefly summarise:
1) the strengths of this coin?
2) the weaknesses of this coin?
3) promises made? kept? any FUD?

Specifically to the dev(s), what will be the key original code/feature(s) in this coin? And will you be providing "Proof of Developer"?
http://cryptoasian.com/coin-list/
Reply

1) Since this is a coin that is designed to be the main currency within an economic infrastructure, the  strength is the pre-existing infrastructure, and the other plans that we have to expand that infrastructure further.  As well, we have had a very good ICO, so our ability to keep developing will not be an issue.
2) Early adoption phase, small current marketplace
3) Proof of Action is in development, site is about to launch alpha, check the thread for FUD...for the record, since we have publicly identified ourselves, any baseless claims against us will legitimately be "slander/libel", and could potentially put anyone slinging baseless claims at us in legal trouble

You can check the proof of action paper here:

https://www.academia.edu/7925177/PROOF_OF_ACTION

We don't need proof of developer since we all put our names/links to our personal profiles (check OP)  But if people REALLY feel the need, then we will gladly go through with it.  At this point, anyone could track down my personal phone number if they wanted.

As well, Shannon Code will be doing blogs with hardware/software development updates, so again, the whole PoD we feel is unnecessary given our approach to transparency...Included in our transparency will be a public escrow where Poloniex holds 70% (ish) of all the coins in a multi-sig wallet that cannot have any transactions without the signatures of the founders and one person from Poloniex.




Chris
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