Topic: [ANN][PDR][LAUNCHED] PlanetDollar | Fair Social Distribution | OpenSSL patched - page 6. (Read 12318 times)

Thanks, yeah should be fun.  Will be developing a bunch of social network integrated tools for this coin (errr.. dollar.. )

Alternate secondary logo:

This sounds very intriguing. Loved your work on prior coins, watching this one closely.

default Port 7784 / +10k for test net default
RPC port 7783

what is rpcport?

PDR FB-enabled Claims website
PDR Network
PDR Wallet clients
PDR Source

Now all launched!

This is an experiment.. and.. i think it WILL be fun

It's non profit for our dev team, just our spare time (we've all got full time jobs where we pull in lots of Fiat $s already..)

However, we're not going to actively prevent exchanges from trading it.  If some exchange , or there's community interest to trade it.. then we're all for it.  

We're just not promoting this like an investment.  There's way too many pump and dump, scams out there.. we want to be different, we want it to be about the community.

Awesome thanks !


Also, I decided to change to use adaptive N-factor.  In light of the KnC ASICs that are going to be coming out (which should push GPUs out of scrypt).  I would rather we keep this coin in the hands of individual miners... at least try

micryon has done some good work so I will throw a little hash at this and see what happens.

Reward System: Full Stratum/Vardiff system with PROP
Server Location: Europe / America
Pro Hardware: Connections: 10 gigabit network hypervisor/storage. Direct connection to AIMX, MSX
Storage: Fast ZFS based environment with SSD cache and 32 disks.
CPU: Xeon 64bit / 16 powerful CPU cores
Ram: 128 GB RAM.

Security:
Two different geo-locations Hot wallets (primary and instant back-up).
Offline secured cold Wallet.
Automated back-ups and warning system for operators.
Ddos protecion.

Nice idea.
So this coin is just for experiment or fun.
Is there no plan to get on any exchange?

Are you familiar with this concept?:
http://en.wikipedia.org/wiki/Whuffie

Yes.. it's a different distro method for sure.. Although somewhat counter to historic routes of money distribution (which have almost all been market based).  But, it's a new age with the internet and "out of thin air" digital creations.. so.. who knows.   It's going to be an interesting experiment anyhow.

Our goal with the PlanetDollar project will be try and get everyone access to some meaningful amount of PlanetDollars.  So make it easy to acquire, share and distribute.  Primarily leveraging the existing power of social networks (which is more or less engulfing the planet).  We just need a meaningful money supply.. but the core development will focus on applications outside of the coin protocol itself..

So an example : building integrated facebook app plugins, that allows you to access wallet, send your friends on FB coins.  Imagine you sending your friend on FB coins like you share social game status on facebook: your friend doesn't necessarily even have a wallet.  Yet when he clicks the link for the FB app, a wallet is created for him and money already deposited.. allowing him easy ability to send/receive with anyone else...  So the focus will be on building web , and mobile apps that make it easy to get access and use coins.. where there's no huge barrier for them to claim them (either monetarily or technically)

Will need to think more on that... right now we are effectively leeching off the authentication services of these tech titans (facebook, google etc)..

Because we know that it is in their interest to keep their users unique, and verify them.  Some ppl i know work there, have full time jobs just dealing with fake accounts, and have backend infrastructure to detect & clamp down on them on a regular basis.   Plus you'll notice to sign up these days require mobile numbers, and host of other hoops, as they tighten their grip on unique users.

I'm not sure if bitcointalk and other sites have that level of investment and infrastructure.... so would love to turn this in a forum of good ideas to go on.. I'm sure there are other great ideas out there

This is a great idea, Micryon. Now cryptocurrency distribution and movement can really be analyzed without so much extraneous noise.

Also I have serious reservations about the entire concept of market based distribution in general so it will be nice to be a part of a project that is looking at some exciting new concepts.

Can you share some of your thoughts regarding the PlanetDollar project's goals etc?

i'm in 

Looks like there is a wallet available on the website, and a coin giveaway.

interesting idea.
But what about ppl without facebook, twitter, google+ or qq?
Won't there be a distribution via bitcointalk f.e.?

Interesting, I'll play.

Wallet Links

Windows: https://mega.co.nz/#!S0Y3WRRK!h8SZhiiQZWJYKP9UVZoKzDpQDAYyWEDmX_5u0BlOQtk
Mac OSX: https://mega.co.nz/#!SghzVRxI!yyN19CFPfEDwhcHCKlVH2oh4TDoI01_atrXKHhir3Lo
Source Github: https://github.com/micryon/planetdollar

conf file example:


=-= PlanetDollar Mission =-=


The PlanetDollar project’s main objective is to give everyone on the planet some amount of PDRs.  There is no IPO, no cost, and this is not an investment opportunity.  Instead, we just want to give everyone PDRs for free.  Mining does give reward coins, but mostly we encourage miners to donate their cycles to support the network and project.

The initial money supply of PDRs will track the USD, that is: roughly 1.2 Trillion in circulation.  The minimum unit of planetdollars is planetcents, or 0.01.

100% of premine are reserved to be given away.  Budget for running the coin and related services will come out of PlanetDollar foundation funds, which are either achieved through mining (like everyone else), or funded through donations (primarily from my own funds).


Two key strategies are used to achieve these goals:

1) 100% Giveaway via social network validation - Instead of using airdrop and/or maildrop methods.  Planetdollar will leverage existing social network’s authentication infrastructure to distribute coins.  We will start by using Facebook’s auth: any verified facebook user can simply go to our website, and claim their coins.  No personal information is retained, no captcha or other ads are required.  We only use the authentication services that Facebook provides.  Unlike other distribution methods that have their said drops in the future.  This auth method and send is available at launch day.  This will be expanded in the future to include other social networks: QQ, Google+ and Twitter.  

2) Mining for inflation: network support

Instead of capping the total money supply a small amount of inflation per year is created (starting with 0.03% / year, going to 1% per year).  This reward goes to the miners.  The mining rewards, instead of going down, will actually go up over time, to simulate incremental adoption of both miners and social network claimers.  The total amount of PDRs that could be created will be.. extraordinary large: imagine inflation of 1% over 4000 years.. however it will be gradually introduced into the total money supply.  Thus, the initial the premine actually turns out to be less than 1% of total coins which could be minted over 4000 years of inflation.

---

There’s no innovation on the coin protocol itself, except that minimum block size has been increased to 10 MB.  Innovation will instead focus on distribution and public adoption of PDRs.  The future roadmap consists of (either: from this dev team or community):

  - Authentication methods: QQ, Google+, Twitter
  - Blockchain info website
  - Secure Web Wallet
  - Single click wallet creation + claim functionality
  - Native client + claim installer
  - Android Wallet + Claim button
  - Integrated Facebook Send money application
  - API and SDKs for 3rd party developer integration
  - PC wallet revamp, including paper wallet integrated generation
  - Native Wallet integrated mining info
  - Integrated Native wallet exchange trading
  - Integrated miner SW into wallet

Note: because of my involved in other projects.. all improvements on the roadmap will also apply to support Realstackcoin and GPUcoin by default


Details of Mining


Hash Algorithm: Adaptive N-Factor Scrypt

Initial Money Supply: 1,200,000,000,000 (1.2 Trillion)
End money supply: enough for 4000 years worth of inflation.
Block time: 2.5 minutes
Difficulty Re-Target Time: Retargets every block (Kimotos Gravity Well)
Initial Block Rewards: 100 coins
Subsidy Increases by 5, every day up to 60,000 (~26 years)
Unique account claim reward: 100 coins
Unique account FB like: 1000 coins

Mining and Pools
This is an nscrypt hash algo coin, you must use nscrypt miners.

Try: https://vertcoin.org/downloads/vertminer-0.5.2.zip

Pools:

Pool: http://pdr.ultrapool.org
P2P: http://freebtc.eu:6834/static/


Exchanges

EcoinFund: http://ecoinfund.com/market=51
https://c-cex.com/index.html?id=vote
http://coinok.pw/vote/
https://www.cryptoaltex.com/index.php?page=newcoin

Connect/Contacts

Facebook
IRC: #planetdollar on irc.freenode.net
Email: [email protected]

Check wallet addresses

Cold Wallet Distribution Funds address: PMdn9VyFirr7rrcNbrg5oTNEkH1sttmfbF
Hot Wallet Distribution Funds address: PASc8zmkB8onPbWqM1qvdEsZ9UNs8iH8ck

Team

Lead Developer Micryon

Website screenshot:


Yes there are maybe some outlandish ideas here.. that's why it's an experiment.. Thank you for your interest and support of this coin!  


FAQ section

1) What about those people without social network accounts


2) What are the goals of planet dollar


3) So this coin is just for experiment or fun. Is there no plan to get on any exchange?  

Translation Threads:

Chinese:
  http://www.btcyear.com/thread-37353-1-1.html
  http://www.bimeiti.com/thread-1210-1-1.html
  https://bitcointalk.org/index.php?topic=529657.new#new