Topic: [ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC] - page 14. (Read 554398 times)
January 11, 2015, 10:38:51 AM
How about a lil PR campaign to get people aware of the new KDC happenings? I started to, on twitter.
January 10, 2015, 02:04:28 AM
Is it possible to make a future block credit a particular address for bounties, in effect, a MID-mine? That way there's no issues with blockchain restarts and the pain of coin swapping.
There is a way to do this, yes. For security reasons, I won't go into details... but it is possible.
-Fuse
January 10, 2015, 01:55:33 AM
Is it possible to make a future block credit a particular address for bounties, in effect, a MID-mine? That way there's no issues with blockchain restarts and the pain of coin swapping.
January 10, 2015, 12:19:02 AM
Pre-mine validity or credibility isn't in question. People know who Criptoe is, and you have a reputation to uphold. That's why I didn't say much about a pre-mine.
I have mixed feelings about a swap, that's why you may see me contradict myself a lil bit.
A swap might work if you don't have a time limit for people to swap their coins, but most likely not since KDC is barely hanging on at this point in time. Coins like CGA or XCLD which have done swaps, both had time limits. If you do end up limiting how long, then the premine I was referring to in my above post may work against you since it's been obtained at the expense of the old miners/investors/holders who (future tense) hadn't swapped. I suggest not performing a swap, unless it's absolutely necessary like, for example, if you need to add a feature to the coin that needs a new blockchain like XCLD did, but Ray really proved that coin to be a dev scam from halving the rewards and/to swapping. It's all about necessity.
I have mixed feelings about a swap, that's why you may see me contradict myself a lil bit.
A swap might work if you don't have a time limit for people to swap their coins, but most likely not since KDC is barely hanging on at this point in time. Coins like CGA or XCLD which have done swaps, both had time limits. If you do end up limiting how long, then the premine I was referring to in my above post may work against you since it's been obtained at the expense of the old miners/investors/holders who (future tense) hadn't swapped. I suggest not performing a swap, unless it's absolutely necessary like, for example, if you need to add a feature to the coin that needs a new blockchain like XCLD did, but Ray really proved that coin to be a dev scam from halving the rewards and/to swapping. It's all about necessity.
I agree with the swap being about necessity. I don't want to have to do it unless we get to a point where changes we want to make can't be easily implemented in the current codebase. Easily implemented being the key phrase. Without dev funds, or a dedicated, full-time, TRUSTWORTHY dev, we won't be able to make radical changes anytime soon. With the loss of our dedicated coder, my team's coding skills will only get us so far. However, we don't need to make radical changes anytime soon, and the changes I've made, and plan to make won't take a full rewrite of the code.
I know I brought up the buyout/exchange idea, but IMO it isn't needed. But I wanted to bring it up so the community had a chance to discuss the possible options that are out there.
Also, thanks for the vote of confidence, Halofire. After cheering from the sidelines for almost 2 years in the crypto world now, we've just decided it was time to take the next step and lead a coin. We've seen a lot of failures and dev ego catastrophes bury coins. We want to apply that knowledge to KDC and make it work. My team isn't looking to run away with anyone's coins, pre-mine or otherwise. I know a lot of dev teams will say that, but we mean it. I know a lot of dev teams will say that too, so you'll just have to trust us.
-Fuse
January 09, 2015, 11:48:17 PM
Pre-mine validity or credibility isn't in question. People know who Criptoe is, and you have a reputation to uphold. That's why I didn't say much about a pre-mine.
I have mixed feelings about a swap, that's why you may see me contradict myself a lil bit.
A swap might work if you don't have a time limit for people to swap their coins, but most likely not since KDC is barely hanging on at this point in time. Coins like CGA or XCLD which have done swaps, both had time limits. If you do end up limiting how long, then the premine I was referring to in my above post may work against you since it's been obtained at the expense of the old miners/investors/holders who (future tense) hadn't swapped. I suggest not performing a swap, unless it's absolutely necessary like, for example, if you need to add a feature to the coin that needs a new blockchain like XCLD did, but Ray really proved that coin to be a dev scam from halving the rewards and/to swapping. It's all about necessity.
I have mixed feelings about a swap, that's why you may see me contradict myself a lil bit.
A swap might work if you don't have a time limit for people to swap their coins, but most likely not since KDC is barely hanging on at this point in time. Coins like CGA or XCLD which have done swaps, both had time limits. If you do end up limiting how long, then the premine I was referring to in my above post may work against you since it's been obtained at the expense of the old miners/investors/holders who (future tense) hadn't swapped. I suggest not performing a swap, unless it's absolutely necessary like, for example, if you need to add a feature to the coin that needs a new blockchain like XCLD did, but Ray really proved that coin to be a dev scam from halving the rewards and/to swapping. It's all about necessity.
January 09, 2015, 10:28:03 PM
I'm confused about how the buyout would work, but intrigued.
Also, I would vote against a premine and say the small number of miners that get on this first will get plenty before it gets noticed by most. Also, we should get it on shapeshift.io as a number one priority. I have a great feeling about shapeshift and the coins on it.
Also, I would vote against a premine and say the small number of miners that get on this first will get plenty before it gets noticed by most. Also, we should get it on shapeshift.io as a number one priority. I have a great feeling about shapeshift and the coins on it.
Buyouts/Exchanges are essentially a 1 for 1 trade of coins, with the old KDC blockchain coins being exchanged for new KDC blockchain coins. Because the 2 chains are different, users can't just transfer their old coins to new wallets. They would have to "buy" the coins as a replacement. It's sometimes used when coins die off, and new code and blockchains are desired. It's a long drawn out process though, and usually involves a premine on the new chain to account for all of the currently mined coins on the old chain.
As far as early mining goes, miners aren't going to mine the money needed off the bat to make anything substantial happen. The payout schedule I outlined above provides a total of 5760KDC a day, between all miners on the network. That's about $2.50 a day at current exchange rates. There isn't much wiggle room there, early-adopter or not, for community reward and development funds. Let's be honest, we're not partnering with devs or vendors with $2.50 bounties.
Part of the problem KDC had early on was the dependence on community donations to get the coin listed on exchanges, paying for development projects, etc. While I agree a pre-mine is sometimes considered a four letter word in crypto, a lot of times people don't realize that it takes a lot of money to get things done. Without a pre-mine or large community donation to get the adoption kickstarted, we're just releasing code and letting this coin limp along for another year. Additionally, the premine wouldn't be be used willy-nilly for anything and everything. Pre-defined bounties, rewards, and development funds(not for my team, as we will work free) will be the main use of the pre-mine. The funds would be held in a fully transparent, fully accountable wallet for the community to see. Use of the funds would be voted on by the community, not by the team. Again, full transparency and accountability.
Cheers,
Fuse
January 09, 2015, 09:32:03 PM
I'm confused about how the buyout would work, but intrigued.
Also, I would vote against a premine and say the small number of miners that get on this first will get plenty before it gets noticed by most. Also, we should get it on shapeshift.io as a number one priority. I have a great feeling about shapeshift and the coins on it.
Also, I would vote against a premine and say the small number of miners that get on this first will get plenty before it gets noticed by most. Also, we should get it on shapeshift.io as a number one priority. I have a great feeling about shapeshift and the coins on it.
January 09, 2015, 03:21:07 PM
Alright, Fuse! This is a great anniversary indeed!
All looks good, except one point I'd like to make:
Problem with swaps is the "virgin" coin problem and centralization of coins. Once a buyout/swap happens, then it let's everyone (or criptoe team) know who has what coins. If the government(s) ever wanted to track down coins, they would definitely be questioning you. I don't know how you would handle that. Virgin mined coins can possibly hold a higher value in the future since they aren't traceable, save for the initial mining transaction and you ARE playing with gold, one of the most monitored commodities in the world. Also, since you are possibly adding a premine, I can guarantee you will have more than the premine since those "dead" wallets you spoke of won't be swapped or bought out (that extra, unswapped coin could be your premine). Alternative is allow a downloadable blockchain to the point just after the "orphan problem with stuck syncing".
All looks good, except one point I'd like to make:
Problem with swaps is the "virgin" coin problem and centralization of coins. Once a buyout/swap happens, then it let's everyone (or criptoe team) know who has what coins. If the government(s) ever wanted to track down coins, they would definitely be questioning you. I don't know how you would handle that. Virgin mined coins can possibly hold a higher value in the future since they aren't traceable, save for the initial mining transaction and you ARE playing with gold, one of the most monitored commodities in the world. Also, since you are possibly adding a premine, I can guarantee you will have more than the premine since those "dead" wallets you spoke of won't be swapped or bought out (that extra, unswapped coin could be your premine). Alternative is allow a downloadable blockchain to the point just after the "orphan problem with stuck syncing".
January 09, 2015, 02:38:00 PM
1 Year Anniversary Announcement
On behalf of the Criptoe team, I would like to apologize for my extreme lack of communication regarding taking over KDC development. My team lost a dedicated coder a few months back to real life commitments, and we have been struggling to find a trustworthy replacement ever since. Additionally, we got heavily invested, both with money and time, on other coin projects and have not been able to step away to work on KDC. Now that progress has been made with these other projects, we can dedicate more time to reviving this coin.
Being that it is the 1 year anniversary of KDC, I would like to reiterate my initial intentions of bringing KDC back to life. I have been working on updating the codebase for KDC for the last week or so, and I'm pleased to announce that I am very close to releasing a new wallet version. While this initial update won't be as amazing as what I would have liked to have included with these updates, it will be a solid plan of action to get the KDC blockchain thriving again until we can push forward with the more exciting changes.
These updates include:
Additional line items were discussed a few months back with community members and will most likely be implemented over time. For now, my team's focus is on maintaining the codebase, and keeping the blockchain moving in a secure manner for the foreseeable future.
To expand on the above items:
Digishield is paramount to the success of KDC mining, as the current KGW algo has been proven ineffective almost everywhere else. It is susceptible to time warp attacks, even with the patches that are currently in place, and it doesn't stand a chance against the hashrate increases we can possibly see with multipool hopping.
The increase in block time and revision of the payout schedule will extend the mining date substantially, yet still keep transactions fast. Initial projections have the mining time continuing out to around 200+ months, with a total mine-out block value of around 0.25KDC. A slow, gradual decrease so we can ease into diminishing returns, instead of causing market shock with dramatic halvings. The initial code release will probably have around the block values for 6 months hard-coded, and will be replaced with the cummulative percentage code at a later time.
The reason for the increase in total supply is two-fold. First, after a year of life, and a long period of inactivity, there are probably a lot of coins lost due to deleted wallets and such. I fully agree that it probably isn't to the tune of 5 million coins, but with the total mined coins getting closer to 9 million, we're almost half way through the supply. Lets call it a kickstart of sorts to get this revitalization going again. Secondly, and most importantly, it helps extend mining time with the revised payout structure. While some community members might be against an increase due to supply/demand concerns and price shock, let's be honest- KDC is pretty dead right now. My team has been keeping the chain moving with 2 miners for some time now just to keep Cryptsy confirmations going. The community will set the demand, regardless of the supply. I'll go ahead and make a prediction that in the days following this post, KDC will be bought in bulk on Cryptsy. Keep that in mind when the whole supply/demand debate comes up.
Here is where some questions come into play:
If there is no major objection to anything, or if there is no community response, we'll probably push forward with the initial update plans. If people want to hold off and discuss this before we move forward, let me know, and we'll pump the brakes.
Here's to a new year, and a new beginning.
Cheers,
Fuse
On behalf of the Criptoe team, I would like to apologize for my extreme lack of communication regarding taking over KDC development. My team lost a dedicated coder a few months back to real life commitments, and we have been struggling to find a trustworthy replacement ever since. Additionally, we got heavily invested, both with money and time, on other coin projects and have not been able to step away to work on KDC. Now that progress has been made with these other projects, we can dedicate more time to reviving this coin.
Being that it is the 1 year anniversary of KDC, I would like to reiterate my initial intentions of bringing KDC back to life. I have been working on updating the codebase for KDC for the last week or so, and I'm pleased to announce that I am very close to releasing a new wallet version. While this initial update won't be as amazing as what I would have liked to have included with these updates, it will be a solid plan of action to get the KDC blockchain thriving again until we can push forward with the more exciting changes.
These updates include:
- An update to the latest stable release of the LTC codebase. This will help keep KDC in line with the latest patch fixes and security patches that are released.
- A move to the Digishield difficulty algorithm.
- A increase in the block time from 60 seconds to 90 seconds.
- Initial block rewards will be increased to 6KDC per block, which decreases by 1% per month for the life of the coin.
- A 5 million KDC increase in the total number of coins.
Additional line items were discussed a few months back with community members and will most likely be implemented over time. For now, my team's focus is on maintaining the codebase, and keeping the blockchain moving in a secure manner for the foreseeable future.
To expand on the above items:
Digishield is paramount to the success of KDC mining, as the current KGW algo has been proven ineffective almost everywhere else. It is susceptible to time warp attacks, even with the patches that are currently in place, and it doesn't stand a chance against the hashrate increases we can possibly see with multipool hopping.
The increase in block time and revision of the payout schedule will extend the mining date substantially, yet still keep transactions fast. Initial projections have the mining time continuing out to around 200+ months, with a total mine-out block value of around 0.25KDC. A slow, gradual decrease so we can ease into diminishing returns, instead of causing market shock with dramatic halvings. The initial code release will probably have around the block values for 6 months hard-coded, and will be replaced with the cummulative percentage code at a later time.
The reason for the increase in total supply is two-fold. First, after a year of life, and a long period of inactivity, there are probably a lot of coins lost due to deleted wallets and such. I fully agree that it probably isn't to the tune of 5 million coins, but with the total mined coins getting closer to 9 million, we're almost half way through the supply. Lets call it a kickstart of sorts to get this revitalization going again. Secondly, and most importantly, it helps extend mining time with the revised payout structure. While some community members might be against an increase due to supply/demand concerns and price shock, let's be honest- KDC is pretty dead right now. My team has been keeping the chain moving with 2 miners for some time now just to keep Cryptsy confirmations going. The community will set the demand, regardless of the supply. I'll go ahead and make a prediction that in the days following this post, KDC will be bought in bulk on Cryptsy. Keep that in mind when the whole supply/demand debate comes up.
Here is where some questions come into play:
- Are the proposed initial changes acceptable with the community? If so, I could probably have a finalized update ready by late this weekend or early next week.
- Should we include a pre-mine block in this update to be stored in a fully transparent and accountable dev/bounty wallet? This pre-mine would be controlled by my team, and would only be used for valid KDC rewards and projects. No pre-mine scam nonsense, just funds to use when we need to pay to have things done or reward community members' efforts.
- Lastly, and this is a big one that would require a lot of discussion, would the community rather scrap the old blockchain and start fresh with a existing balance buyout? This would clean up the code substantially, and possibly allow the use of a different codebase and features. For instance, the Digibyte codebase could be used, and multi-algo mining could be introduced to KDC. Also, it would greatly decrease the blockchain bloat we experienced when we went through the fork issues that my team solved early on. If you resync the wallet from scratch, you will notice a period in the chain where the sync hangs. This is the period of orphans and rejected blocks caused by the fork.
Again though, this is a little more substantial than the changes I noted in the pending update, and would require additional planning. I'm not opposed to doing this, but essentially we would scrap KDC and start new. We could finally move away from the 47 key address scheme and move to 46, aka getting rid of addresses with "L" as the starting letters... I have no idea why that was chosen to begin with.
If there is no major objection to anything, or if there is no community response, we'll probably push forward with the initial update plans. If people want to hold off and discuss this before we move forward, let me know, and we'll pump the brakes.
Here's to a new year, and a new beginning.
Cheers,
Fuse
January 02, 2015, 06:19:02 PM
This is sad, this altcoin gave me too much fun a long time ago.
January 02, 2015, 12:43:31 AM
Klondikecoin is one of the oldest altcryptocurrencies in the market and been through a lot. Been wondering if there is some plan for this coin for 2015? Has there been some community takeover for this coin?
i used ot be HUGE follower but imo its DEAD.
i gout out on time so im fine with it heh
January 01, 2015, 11:38:49 PM
anyone have some working nodes wallet saids no block source and will not sync theses are the nodes i got
addnode=217.146.78.88
addnode=199.103.61.149
addnode=5.9.73.53
addnode=66.172.33.47
addnode=37.187.9.53
addnode=188.226.176.232
addnode=50.46.227.59
addnode=204.11.237.73
addnode=94.23.241.56
addnode=54.90.115.191
addnode=188.165.194.96
addnode=192.99.148.34
addnode=107.170.142.25
addnode=54.200.138.226
addnode=162.243.6.127
addnode=162.243.47.14
addnode=criptoe.com
addnode=217.146.78.88
addnode=199.103.61.149
addnode=5.9.73.53
addnode=66.172.33.47
addnode=162.243.6.127
addnode=37.187.9.53
addnode=188.226.176.232
addnode=203.20.114.252
addnode=50.46.227.59
addnode=162.243.47.14
addnode=204.11.237.73
addnode=94.23.241.56
addnode=54.90.115.191
addnode=188.165.194.96
addnode=192.99.148.34
addnode=107.170.142.25
addnode=50.149.31.242
addnode=217.146.78.88
addnode=199.103.61.149
addnode=5.9.73.53
addnode=66.172.33.47
addnode=37.187.9.53
addnode=188.226.176.232
addnode=50.46.227.59
addnode=204.11.237.73
addnode=94.23.241.56
addnode=54.90.115.191
addnode=188.165.194.96
addnode=192.99.148.34
addnode=107.170.142.25
addnode=54.200.138.226
addnode=162.243.6.127
addnode=162.243.47.14
addnode=criptoe.com
addnode=217.146.78.88
addnode=199.103.61.149
addnode=5.9.73.53
addnode=66.172.33.47
addnode=162.243.6.127
addnode=37.187.9.53
addnode=188.226.176.232
addnode=203.20.114.252
addnode=50.46.227.59
addnode=162.243.47.14
addnode=204.11.237.73
addnode=94.23.241.56
addnode=54.90.115.191
addnode=188.165.194.96
addnode=192.99.148.34
addnode=107.170.142.25
addnode=50.149.31.242
December 25, 2014, 03:27:04 AM
Klondikecoin is one of the oldest altcryptocurrencies in the market and been through a lot. Been wondering if there is some plan for this coin for 2015? Has there been some community takeover for this coin?
December 21, 2014, 10:17:45 PM
Network and coin died
i still have alot active connections in the wallet, but the last hours don't sync
The network regularly stalls when difficulty shoots up. The time to find block 390795 was around 20 hours. Looks like things started moving again about 30 minutes ago.
December 21, 2014, 02:48:29 PM
Network and coin died
i still have alot active connections in the wallet, but the last hours don't sync
December 21, 2014, 11:55:38 AM
Network and coin died
December 21, 2014, 11:54:11 AM
my wallet stucks syncing on 10 hours left, how to fix this?
November 20, 2014, 08:01:40 PM
This really is a dead coin isn't it?
Unfortunately...I have to agree. Still holding 100k of these gold coins.
November 16, 2014, 10:25:35 PM
This really is a dead coin isn't it?
November 01, 2014, 06:15:43 PM
For the record I was the one who boosted KDC up to 43ksat a long time ago when it was around 22k. With 1 more btc it would have been at over 1,000,000satoshi but some of you laughed at me when I said we should increase the price then, that it would be better to wait. On coinmarket at that time there were barely any sell orders and we could have made the price whatever we wanted. Many more BTC would be in KDC right now if people saw that it's value went from 22,000sat to 1,000,000 (50x increase) and we would have all multiplied our initial investments.
Yes, we were all supporting it and we (the devs) we're also buying it up with you, however i recall someone posting earlier on in this thread, boasting about dumping on us and crashing the price down to 20k sats. From which it didn't go back up
last words from OP dev
PM me the current dev for 2 BCC
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