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Topic: [ANN][PI] piCoin - The Math Cryptocurrency - Just Launched, Now on 3 Exchanges - page 49. (Read 81515 times)

full member
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sr. member
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newbie
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Woah, wallet looks great!
Thanks, we agree! Smiley
Nice idea, but that is one heck of a lot of coins.

I've been wondering this for a while and guess I may as well ask it here but what is your rationale/thinking behind the number of coins?

To be clear I don't mean the exact number, I realise that is using pi, but why did you go for 31 billion?  Why not 31 million for example?

There are nearly 8 billion people in the world right now. If a coin becomes very popular, having more total coins is beneficial in our mind. There are so many more people in cryptocurrencies these days that coins with higher totals make more sense than they used to a couple of years ago.

We decided on around 31 billion because it's a good amount which allows people to hold bigger numbers, without things getting too crazy. Owning 10,000 of something is more appealing than owning 1,000 of something for most people - it's basic human psychology. There are some coins with 1+ trillion max coins and we think that is a little much - but 31 billion is a good solid, number for a coin like this in our opinion.

Also, most people who practice for a few minutes can get up to about eleven digits of pi - we wanted to pick the highest reasonable number we could that normal people could still memorize without two much trouble.
hero member
Activity: 1029
Merit: 712
Nice idea, but that is one heck of a lot of coins.

I've been wondering this for a while and guess I may as well ask it here but what is your rationale/thinking behind the number of coins?

To be clear I don't mean the exact number, I realise that is using pi, but why did you go for 31 billion?  Why not 31 million for example?
full member
Activity: 154
Merit: 100
Woah, wallet looks great!
newbie
Activity: 42
Merit: 0




About piCoin

piCoin is a new cryptocurrency based off of the original coin from mid-2013, but this time with a fair and optimized distribution and a strong backing from experienced marketers, businessmen, crypto nerds, and math geeks. We've set out with a plan to not only spread piCoin far and wide, but to help spread cryptocurrency throughout the math community.

Cryptocurrencies are clearly a very math-oriented concept, but we have yet to see them catch on to a large degree among the communities of mathematicians, math teachers, math enthusiasts, and every student in the world taking a math course. Many programmers and developers are passionate about cryptocurrencies - our goal is to extend this ardor to everyone with a love for math.

piCoin will expand past its Internet roots and develop an offline presence as piCoin is promoted at various offline events, including but not limited to math conventions, conferences, universities, and schools. We've hired paid marketing consultants from all over the world (specifically in the US, Europe, China, Korea, and India) in order to assist in the globalization of piCoin. As piCoin grows, opportunities for charitable efforts will arise; math scholarships, education for those in need, and even funding a school in a third world country are all distinct possibilities down the road.

Specifications

PoW Algorithm = Scrypt
Max Coins = 31,415,926,535
Block Time = 314 Seconds
Initial Block Reward =  314,159
Difficulty Retarget = Every Block with KGW
Block Halving Rate = Every 31,415 Blocks
Premine = 0.75%
No IPCO, No BS

Bounties

Mac Wallet =  500,000 piCoins
Linux Wallet = 500,000 piCoins
Well-known Exchange = Negotiable
Exchange = 2,000,000
Pool 1 = 314,159 piCoins
Pool 2 = 314,159 piCoins
Pool 3 = 314,159 piCoins
Pool 4 = 314,159 piCoins

Block Explorer = 314,159 piCoins
Blog Posts & Articles = 100,000 piCoins
Custom Games & Gambling = 314,159
Reputable Merchants = 314,159 piCoins
Faucet 1 = 200,000 piCoins
Faucet 2 = 150,000 piCoins
Faucet 3 = 100,000 piCoins

Translations for Widely Used Languages (you're expected to keep the translation at least semi-up-to-date and participate in the thread you translate and post) = Depends on the Language, Contact Us
Cool Stuff, Projects, & Other Things = Variable, Please Contact Us - we have already awarded over 5,000,000 piCoins in custom bounties


Active Giveaways

Giveaway #1:

http://altcoinauthority.com/2014/03/picoin-launch-on-piday/

Giveaway #2:

Deposit BTC or NXT at NXT-e.com and you will receive 500 piCoins. Deposit both BTC and NXT and you will receive 1,000 piCoins.

Expired Giveaways:

http://picointalk.com/index.php?topic=22.0
http://picointalk.com/index.php?topic=6.0
http://picointalk.com/index.php?topic=9
http://justanarcade.com/contest/win-20k-pi/

Wallets

Windows Wallet: https://mega.co.nz/#!wtoXGZDD!Z4lyJhgDTqv7vExOs8UZs9tRTIs0pYicAHCX0JmLK2Y

Linux Wallet: https://mega.co.nz/#!ZoxVgbbD!IJWXsa9Cbb4m2QsaeLoXA5VHQwVoib0HkQwsba7aBBw

Mac Wallet:
https://mega.co.nz/#!2dAHkKwb!1H-DYuRX3mUwqXez_SeOe9KcjlzSnEXc-ex6qDkrDyo

piCoin.conf:
Code:
addnode=107.170.231.15
addnode=50.174.64.187
addnode=148.251.12.124
addnode=98.126.255.243
server=1
listen=1
rpcuser=pi
rpcpassword=coin
rpcport=31455


Pools

Pool #1 = http://pi.bondni.com - recommended

Faucets


Games

Mad Pixel Run 2 Contest

Merchants
Translations

Español: https://bitcointalksearch.org/topic/pre-annpipicoin-la-criptomoneda-matematica-recien-salida-en-2-exchanges-512097
中文: https://bitcointalksearch.org/topic/pre-annpi-picoin314314-514827
Français: https://bitcointalksearch.org/topic/pre-annpi-picoin-la-cryptomonnaie-des-math-lancement-le-pi-day-14-mars-508662
Polski: https://bitcointalksearch.org/topic/pre-annpi-picoin-matematyczna-cryptowaluta-start-pi-day-marzec-14-513444
Italiano: https://bitcointalksearch.org/topic/pi-picoin-the-math-cryptocurrency-disponibile-511147
Русский: https://bitcointalksearch.org/topic/annpi-picoin-513689
Deutsch: https://bitcointalksearch.org/topic/annpi-picoin-the-math-cryptocurrency-launching-pi-day-14-marz-514786
Skandinavisk: https://bitcointalksearch.org/topic/--519277
Türkçe: https://bitcointalksearch.org/topic/--519277
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