Topic: [ANN][QBC] Québecoin - X11 - DGW - (BITTREX) - Win/Mac/Linux Wallets - New - page 100. (Read 161852 times)

Ok I've updated the IPO page at www.qbc.io/ipo to the latest amounts. The distribution is still pretty good but with two heavier "whales" in control of most of the coins.




anonymousxx you now own a total of 44.740% of the IPO (93954 QBC) when I add both of your investments. Thanks a lot to everyone so far.

That is absolutely amazing, I'm really happy that you're so enthusiastic about QBC. You're now the biggest shareholder and I'll be updating the IPO page in a minute. You're still only getting 1 can of maple syrup though.

Ok, I'll give you a big endorsement. If you can collabarate with brunic to make sure the premined coins are safe that will be even better. But so far you've shown yourself to be trustworthy and I think QBC can be big. I hold over 6000 Darkcoin (99% cold storage, don't even try it hackers) and now QBC will be my second biggest investment. I don't say that lightly.


Edit: don't forget to add that to my smaller initial investment.

Haha thanks I'll take that as a compliment. I think that it's very important to be able to master any language you intend to use. And anyways since someone (user "bithappy" or something like that) made a remark about speaking french in here I started translating all my responses and the questions that are in french.

Ok, so twitter user @Devnullius who also promoted the Heavycoin PRE-ANN and analyzed it suggested that I show some proof of a running Québecoin Wallet. I created a quick gif to show it off. You will have to forgive the speed, I'm running a clean copy of Windows 8.1 inside a Virtual Machine for my compiling environment. (And my PC is shamefully outdated). There isn't any block source since I haven't mined any Mainnet coins since generating the genesis block and a second test node is not up, there's no problem with the wallet itself. Take a look!




I've made just a few simple changes to make the Québecoin-QT wallet more visually appealing. All buttons on top, the + and - signs are less shiny and a few others like the lock icon.

Apparently the "stackcoin" devs didn't show a working wallet while promising a very fancy one. So there, no fancy promises, just a cool looking, perfectly working regular wallet for an amazing coin!

I've never seen that episode!



Awesome! Let us know if you liked it.



No that would be way too complicated, then I would have to buy you BTC for that money to keep the value of your investment stable during the IPO. If you have any altcoins that you can change for BTC that's probably the best way.

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Shoutout to @devnullius on twitter for the dutch translation of the PRE-ANN. Looks great! https://bitcointalksearch.org/topic/--558443

GOOD NEWS!!!
I was in a walmart (in Vancouver BC) today, and they had this exact syrup, I got a can and will have it tomorrow at breakfast.

I'll have the initial master wallet with a bit less than 21 000 000 QBC. We can split that up into 5 different wallets, encrypted, backed up to two forms of physical media. A bank in Montréal acts as a trusted third party and doesn't allow access to the vault before a certain moment in time. Fool proof method + the fact that I actually would never dream of touching the premine for illegitimate reasons should be good enough for anyone.

In the case where the value goes up, it becomes a HUUUUGE responsibility. It's a lot for 1 person.

I think something like this should be built.
- You have a management team of like 3 people for redundancy. They have the passwords to manage the pre-mined coins.
- You have a third-party that possess the wallet and control the access to it, but they don't have the passwords.

Like this, nobody from management can act without the 3rd party noticing. If somebody from the management dies or disappear, you have redundancy of access. It's a way to keep everybody in check and nobody can act alone. A bank can act easily as a third-party. You just need to build a management team.

You could also videotape all the operation of moving the pre-mined coins to cold storage wallets. That way, you have some sort of impartial witness that can be shared easily to people wanting to know how trustable the operation is.

To be blunt, if that pre-mine operation is not the most transparent possible, that coin is dead.

Any season but spring! There basically is no spring, all you have is tons of snow waiting to melt everywhere and stepping into puddles created by that melting. It just recently stopped snowing and I'm not sure it's finished yet.




There is no minimum, the 0.1 BTC was a minimum for the first 5 investors if they wanted a free can of maple syrup shipped from Québec. I was giving those away to them. (Now it's everyone over 1 BTC who will get one).

Ok second try at this answer, hopefully I won't delete it again like a fool.

The shortest short term is finishing this IPO successfully and moving on to the mining phase. There will be password protected zips available a bit before launch and the first 72 blocks have no block reward to let miners set up their gear and DGW kick in correctly. An android wallet is a top priority since it's an essential tool to make QBC mobile (iOS wallet can be expected only if apple opens their walled garden). Short term promotion will be done through small scale giveaways to the entire community and specific giveaways targeted at the local (Québec) demographic who are the most eager to try out QBC. These are the people who will explain it to their friends and the people who will be the first to accept it as payment for their small businesses. You have to target the right people, the innovators, because those are the people you have to count on for getting the word out.  You mention that we can realistically count on 1% adoption, and that's exactly why there is a delayed airdrop procedure. It seems that most people in crypto lately are focusing on the short term since a new coin is born and dies every day. That's not the right way to do any crypto, let alone a nation coin. You've got to build it from the ground up. Take a look at this graph which a lot of people are familiar with.





You can't just airdrop all your coins and expect people to get it and adopt it right away. It has to be done in stages. Crossing the 'chasm' on the graph is done by targeting the right people to ensure a connection between innovators and early adopters. Spain/Greece/Whatever coins (apart from being moneygrabs and scams) have NO chance of working. They are basically using a crypto-shotgun and blasting the crowds with unwanted coins (and those are countries with populations in the tens of millions). Basically the other 99% of people haven't even had a chance to hear about the Nation-coin and here they are just giving them away. QBC is a sniper, you target a few people to start with and move on and change your strategy as adoption increases. There are a total of 5 airdrops for QBC, spaced out by block reward halvings. A similar number to the variety of people in the graph above. A lot of people have been saying the distribution is too far away, but that's a short sighted way of seeing it. If we presume for the sake of our example that bitcoin is here for the next 50 years, it's the gold standard and allows all other altcoins to live (in this example). Then 10 years down the line when the laggards on the graph get their share of QBC, everyone else will already be using it and they can ask anyone how it works. This type of project has to be planned for the long term, no matter what the current state of cryptocurrencies may be.

I'm going to be both developer and marketer for QBC, the team at the moment is 2 people and that includes a partner/friend who takes care of graphical design and marketing part time. My formal education is actually in finance but my programming experience is in C++ and python mostly. I'm currently learning all the ins and outs of crypto to make sure that I'm able to respond to any other problem that may arise. I had a conversation through PM with "Brunic" who is also from Québec, where I noted that I'm no team of coblee&warren, the litecoin devs. I'll be able to make sure everything runs smoothly and that we stay up to date, but I won't be creating any new features by myself (for the moment).

QBC has X11 and DGW, and what else? As far as the tech specs go, we will have whatever is needed to be up to date in the crypto world. The important thing is that it works as a currency for Québec, not that we create amazing new features, because initially X11 and DGW are there to attract miners and people who care about crypto. What will make sure we survive? Read on below.

The mining distribution for Québecoin has been carefully crafted. I'll reitirate from a previous post. QBC generates 14976 coins per day. Vertcoin for example does about 2x that at 28800 and a badly planned nation coin like SpainCoin generates about 5x times more ! 72000 coins a day! Vertcoin is a popular coin and even though it has a higher total coin cap, in times of low demand the higher production rate means the price will be less stable. And for SpainCoin it simply means the coins you buy today are worth less tomorrow since the market is getting flooded with a big supply every day. QBC is designed to be valuable and distributed in a manner that allows it to keep value. Take a look at this comparison graph I posted earlier (SPA in yellow, VTC in green and QBC in blue)





The IPO for Québecoin is also precisely calculated. The IPO coins represent almost exactly 14 days of mining (576 blocks per day x 26 QBC / block x 14 days =  209 664 (compared to 210 000 for the IPO). Which is also exactly 1% of the premined coins. This creates a well balanced equilibrium between miners and IPO investors. The amount of the IPO premine is small enough that the market can absorb it but big enough that investors are happy. And the mining rate means that there can be growth without being hindered by an abundance of coins. DarkGravityWave means that there won't be one person who ends up with most of the coins. A delayed airdrop ensures that the market is safer for investors and miners because there aren't any free coins watering down the market while at the same time not wasting coins on people who don't even know why they should use it and what it is.

But far more importantly we have an actual plan. It's not filled with fake promises that we made up to get your attention. I actually thought it through the best I could while asking myself, how is it really going to unfold? I absolutely love the concept of nation-coins and I have no idea whether any of them are actually legit! (Auroracoin could be an exception). So when I thought about Québecoin I had to ask myself what it would take to actually make it happen. What does it take to create an alternative to the currency in place with a cryptocurrency? The answer is a natural growth following adoption in cycles.



WALL OF TEXT ABOVE : QBC is the only realistic nation coin currently on the market. I've actually taken the time to consider what it would take to really make this happen. Every part of the chain has been factored into crafting Québecoin. Technical specs, realistic promotion and goals, delayed airdrops separated into adoption cycles, carefully crafted mining distribution to ensure a steady but slow flow of coins into the market. Whether you're a Québecer, an investor, a miner or a speculator, some part of Québecoin has been built while thinking about each of these people.

Will Québecoin be a success, there's no way to know right now but we've planned for the future.

Our biggest challenge right now? (I was going to quote a post some guy made but he deleted it apparently) Basically it's the fact that nation coins have been given a terrible reputation by a big gang of greedy scammers who are making every possible nation coin while making it a shitcoin too. That means that if someone sees Québecoin, they come in here and yell 'scam and pump and dump' without actually taking the time to read and give us a chance. The people who actually did read through my posts and the questions I've answered are actually thinking about giving a nation coin a second look.

Maybe I've repeated myself in some place but that's it. Every part of the plan will be refined as we move forward.

Québec is a place I'd like to visit in the summer someday, but it might take a few years.

Edit:
Maybe autumn, Wow.
Hopefully this year. 

Can we invest less than .1 btc, or is that the minimum? Will there be any small bounties for promotion on blogs/sites? Thanks.

Everything you're asking will be answered in my response to the question by "aws" , I just accidently deleted it and have to type it again, taking a quick frustration break. A big thanks once again for your trust and for making your investment public for the sake of transparency.




Any suspicious activity will be investigated and in case of doubt I'll never release funds without verifying the ownership of the address from which the payment comes. No worries about security.

I had a really long answer almost finished... just lost it by accidently going back to the last page. Really painful. Give me some more time.

You are right, I am the one who made this transaction! You need a better way to correlate data from the real investors.

I am from Québec province and I really like the idea of a Québec crypto-currency.  I myself, had the same idea a couple weeks ago to create such a currency for the province but someone else thought about it before me.  I really think that jpgagnon did an excellent job so far.

One thing I would like to know is how many developers are on boat in this project? Is it a single guy endeavour?  If it Québecoin is a one guy only experiment, what happen if he gets sick or gets in an accident?

Anyway, I made an investment in the IPO for 100$ US

BTC transaction ID : acae2dda38200ab4f4e650cd7114e904011c07237947105d55e1e4b1137b1c21
Amount : 0.22271219 BTC

I only hope for the best in Québecoin! Vivre le Québec libre!