Topic: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) - page 5. (Read 133095 times)

That is exactly what it means and this is why every late-investor, non-miner or noob will get burned hard except if the devs sell it OTC to pump groups, which also isn't legal.

Else they will just dump on the market, which has 50-60 BTC buy support and half of it is fake probably, and I don't see poloniex adding a 80-90% instamine.

Interesting read and insight into the crooked mind of this dev.

What this says: dev didn't want to pay lawyers and in order to raise the funds he intended, so he tricked the general public. Not for a second do I believe he doesn't have a PC around to compile a windows wallet, so his previous statements make him an outright lier

What's more interesting though is that the team was looking for a way to raise capital. Since they didn't do it through an ICO but instamined their own coin, this means they are planning on selling what they mined in order to acquire the funds they need. Now they might tell you they won't and can't and bla bla.. Remember the previous paragraph where we found out the dev simply lies to bend the reality.. Soooo..

NOTICE:

Due to an bug in witness scheduling algorithm all miners / full nodes will have to upgrade to the latest master by block 864,000  (about 22 hours from now).

This is the same block that switches from 100% computational POW to 5% computational POW and 95% DPOS-style voting of VESTING stakeholders.

Please join the steem.slack.com #witnesses channel to get the latest updates and support for this and future hard forks.

Changes to the protocol include:

1. adjusting log-term inflation rate calculations to compensate for compounding effects. The STEEM supply will now double every year (almost exactly) ignoring impact of unpredictable Steem Dollar conversion timings. These rates only change things 1 year+ from launch.

2. lowering the min account creation fee that is configurable by witnesses

3. removing witness creation fee (only one per account)

4. fix some issues regarding the 'temp' account

5. enforce maximum url length to 2048

6. fix some bugs in how reward payouts were calculated, these changes only impact things that happen after July 4th.

7. 1 million to 1 stock split on VESTS.  If you had 1 VEST you now have 1M VESTS.  This is done to improve precision in VESTS / STEEM calculations before it becomes a problem. This is purely an accounting change and has no impact on ownership.

http://i.imgur.com/uqmozlR.jpg

Good-Day steemit Community

I believe in the steemit vision founded on the social esteem ideal and what better way to pledge support than to host a witness node.

An apt witness name wouldn't you say 'boatymcboatface', a failed democratic / public consensus naming contest given new life on the block chain which aims to correct this very failure.

Doesn't matter what Daniel Larimer writes in a blogpost, coin was relaunched and premined/instamined (80% which is also staking) while it clearly states in the OP title that it was not. This makes it a complete noobtrap and a huge risk for late investors because there are no promises compared to an ICO where atleast you have most rules set down from the first minute and the people decide how much money the developers get. Here they are asking for millions of $ according to the current market cap.

No way poloniex will add it with this launch so good luck staying alive on bittrex (who plan to add a trading cap on users).

"You just need thick skin and the ability to ignore the Bitcoin pharisees and the angry mob they incite to nail you to a cross for failing to sacrifice your creation to the prevailing mining gods."

How to Launch a Crypto Currency Legally while Raising Funds
https://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

WHY Steem -35% today at bittrex?

Thanks

Wait.. PoW is just 4 weeks?

So during all of PoW the dev team hasn't managed to release a windows client, shut out the biggest potential user base and premined >80% of the supply?

Promising tech or not, that's just a joke. And not a good one.

Block 864000. Around 2016-04-24 05:40 UTC

The switch should be instantly.

On which block STEEM switches from DPOW to DPOS? And what is estimated time of this swich? Or target spacing between blocks?

windows gui wallet yet ?

withdraw_vesting orsonj "123456.123456 VESTS" true

How do you transfer from vesting?

It's supposed/designed to be anti-pooling.



FYI usable seed node list:

Any pool for this coin?

Your miner needs to find a PoW to enter the queue. As long as you see the hashrate in steemd every ~3s (every block), everything is normal.

Not necessarily,but there is a problem with network all seednodes are down again.

If I type get_miner_queue in the cli_wallet, and none of my miners show up.....does this mean something is wrong?