Topic: [c0c0] c0fferC0in - Cryptocurrency for Gemstones > REVIVAL!!! - page 5. (Read 15900 times)

better sell the coins at a reasonable price. i didn't wait months for nothing. 

Quick update:

The store should be opening this week.

In discussion with exchanges for getting listed.

Site will be updated with all of the latest links and news in the days ahead.

Things are going to get exciting soon

Far from dead


Yes, the holiday season was a factor for updates.

Windows wallet was added to the site.

More news will be announced this week.

I hope not, I liked the idea. It is the holidays, maybe that explains the few days with no word.

dead ?

Wallet source code link has been added to the original announcement and to the website.

The block explorer for c0fferC0in is running smoothly. There was a minor hiccup but it appears to be fixed and is moving along nicely.

The block explorer can be seen here:

http://c0c0.c0ffer.com


Also, I have started a separate thread about the distribution of initial coins:

https://bitcointalksearch.org/topic/c0fferc0in-cryptocurrency-distribution-methods-1290554

Since it's not an announcement but a separate discussion about distributing coins I thought it made sense to create a new thread in a more appropriate section.


Wallet source code will become available within the next 24-48 hours.

Thank you for the inquiry. I have been considering adding some jewelry into the store as well but am still undecided on details so will likely keep it stocked with loose gems for now. The store is nearing readiness so circulating coins will be coming up soon.

c0fferC0in is certainly something new in a lot of ways. It will be very interesting to see how it works going forward.

Great response. Thank you for answering my questions so eloquently and concise. I definitely like the idea, especially for those who try to deal with the 'cash-for-gold' crap thats currently dominating the gold/gemstone market. I know personally in my region, there is no place to sell diamonds/gemstones, only gold, and only at a scrap price. They'll take the entire piece with nothing towards diamond, or will actually make you remove the stones yourself first. A dangerous act which could badly damage the beautiful stones.

I'll be keeping a close eye on this for sure

The "official" launch is still to be determined but it is also semi-arbitrary. It could be considered as launched now but no one has access to anything useful so that would be meaningless.
The main priority is having the store available which requires nodes (wallet/daemon), block explorer, coins, inventory, shopping cart system, etc. This is a subtle point that is actually extremely important and is a significant distinguisher for c0fferC0in.


Your assumption about the supply is correct. The gemstones are natural, cut and ready for jewelry. The range of stones is from very modest to fairly extravagant with stones ranging in price from a few dollars to a several hundred or more. This is an alternative way for people to get involved with gemstones who might not otherwise do so and without having to spend a great deal to start. I have had very positive response from people buying stones from me over the years so my hope is for this to make the process easier for everyone.

interesting concept, any idea on launch date? Or is that still TBA?
My personal thought is that this may be targeting slightly too small of a niche market. With such a high end product I'm unsure how big of a community you'll be able to aquire. (Im making the assumption the you'll be primarily/solely using this for cut, polished stones?)

Thank you for the positive feedback. Hopefully you will continue to find the progress of this coin interesting.


Excellent progress has been made on the store in recent days. The store is now able to process payments using c0fferC0in. There are still a few tests to perform but the outlook is very promising. It is likely I will post some additional information about the modifications made to the store in the appropriate thread since I know some people like that type of information.

Still working on adding pictures but everything else is on track.

Well I must say I am quite impressed and happy with your responses there mate Very well handled and good to see someone launching a coin (or token) that isn't afraid to answer the simplest questions without getting all insulted or offended by them I guess I'll keep an eye on this and see how it unfolds but whether or not I decide to partake in this partay I wish you the best of luck on your endeavor mate  

Questions and feedback are welcomed. Your inquiries are definitely not being ignored. You have asked some questions worthy of thoughtful responses.


No ICO/IPO has been announced for c0fferC0in since initial distribution methods are still being evaluated. Because there is physical product associated with redeeming c0fferC0in this must be handled carefully so the coin remains viable.


No BTC is being sought prior to the launch of c0fferC0in. This is not a coin based on promises of upcoming features, c0fferC0in tokens will become available when the ecosystem is ready. All initial development costs are pre-funded. All gemstone inventory is acquired and on-hand. Coins will be made available to the open market when all of the core elements are in place.


There will be a good variety of gemstones available, similar to the types of stones I have offered in the past as well as new stones that have been acquired specifically for the c0fferC0in store. Examples include: amethyst, topaz, garnet, peridot, citrine and others. There are also some higher value stones such as tanzanites, sapphires and rubies. The inventory will change and update with new items over time.

I have sold many gemstones to people over the years using all sorts of interesting methods and everyone has been happy. What makes this coin innovative is that you can use it to buy the same types of gemstones that have been available before but the cost will be based on the market value of c0fferC0in. The price of the gemstones in the store does not change based on the market value of the coins, like with other cryptocurrencies, so it should be very interesting to see how the market treats the value of c0fferC0in.

Just wanted to quote this again to make sure that my questions aren't being ignored

Hmmm, watching. Not holding my breath, but it is good to see new projects.

I just have a couple questions about this coin.  Why is this an IPO or ICO coin?  What do you need the BTC for before the coin is even launched?  Also what kind of gemstones are people going to buy with these coins?  I'm not trying to come across rude or suggest that this is a scam in anyway I'm just curious as to what is so innovative about this coin and why would you need BTC before this coin is even launched? Thanks

Thank you for the support. At the very least this should be an interesting exercise in what can be accomplished with cryptocurrency.


More information about the coin has been posted at the website. More information will be added to the thread as well. Twitter is being updated too so please follow for updates.

Right now the focus is on getting all of the main elements functional so the coin is useful immediately.

The most time consuming element is the store which is progressing steadily.

that's good news, i just wanna get my hands on this bad boy real quick. seems like a really good project.

It is great to see continued early interest in this coin.

Wallet and source code will be released very soon.

Right now the network is being tested with an initial group of nodes to make sure the blockchain is moving smoothly.

While this is happening the store is being finalized. (Adding photos to the store is time consuming)

There are no coins in circulation at this stage and details about the coin have not been released so it is premature to release the source code and wallet.