Topic: Camcoin (Read 1189 times)

Zeal is nice, but that take over is full of holes, i choose not to speak out since i consider myself a bit mature. Either way, that was a community coin so the community can do with it as they wish. If you wish to know more open up a thread about it or Pm me and i'll give you the juicy and gory details of it all, don't mistake a brawler and a tactician, they'll both lose if they fight head on.

Any way here let's talk about the topic at hand. Since it's entertainment for the people and profit for the business, i would think a Cpu coin would be best, let miners mine with GPU for profit and CPU for fun. I think that is a good idea.

depends if your going to keep abandoning or look after your alts. Considering one of your alts has been taken over already does not install much faith

If 1,000,000 SXC = 100$ , then to buy 10$ worth of cam-time costs 100,000 SXC..If  1 SXC = 100$ then 0.1 SXC.. the market determines the value.. Basic economics

We could reduce the reward down to 1 per block and change the total coins down  with a hardfork, to try and induce a boost in value, but the industry turns over around 14,000,000,000  dollars a year, not including lingerie, there needs to be enough coins circulating . I should really look into what their turnover is, but they can compete just fine with traditional payment systems.. anyhoo the point is nobody wants to pay 10$ for .1 of a token, but would buy 10,000 tokens for 10$ even if a basic purchase cost 2000..

I mined bitcoins when it was crazy to do so, and I didn't cash any out till they hit over 200$.. same with litecoins when the bitcoiners said that was crazy cos they were worthless and there were too many of them.
I wouldn't call myself rich, but I have no debt, own 3 vehicles, my house on 118 acres of land, and am retired with a little nestegg.. I do this for fun

And now I mine SXC, and I'm hearing the same thing.. Fact is that it takes time and effort to get real world adoption, bitcoin and litecoin didn't just go onto crypsty after a week and make everybody rich, just the ones with enough foresight to mine it at the start. 

When SXC hits the exchanges my plan is to hold, and I wouldn't argue if you said there would be a dump, driving the price down, but the other devs will hold too.. I might even buy some not as a pump, but as an investment.. Then the hard work begins because websites will need to be recruited and intergrated.. Though we got a few lining up already..

As there are more and more websites, then the price will rise on the exchanges as speculators invest drying up the supply..etc etc...

But look, I get where you are coming from, your concerns which are well thought out, and your desire to get rich quick with a new alt.. Good luck with that, but you'll have to assume big risks if you want big profits, and work like a dog to actually realise them. Nothing like a 5 year plan to keep you focused..

for example , how many sexcoins are out there already? would it not then be loss making for me to accept them as the currency of choice, funnier still, i do not own a single sex coin.I understand the need to support some existing currencies, but have you ever heard of a country called Zimbabwe? They printed so much money that it became worthless, same applies here, if the money supply is already too large then using it for business would be a loss making idea. Just basic economics.

Not quite getting the "don't want to use an existing coin because they exist line". Sounds more like you want to be an early adopter so you can make some dollars. Nothing wrong with that, just a very narrow niche you've chosen...

value will be determined by users of course, i was hoping we could have multiple sites that use this kind of payment system, they would all be entertainment sites.

If we agree on the terms he as agreed to allow a 5 day trial for 50 camcoins. I'm sure some of you like Russian girls.

The reason i cannot attempt an exsiting coin is that there are individual who already hold obscene amounts of it, if it was fairly new perhaps, but now is a bit late.

I am open to ideas though.

You don't need to create a new coin, you will find an existing one that fits what you need, and you will help promoting it

I feel like the freaking sexcoin fairy,.. Taken from the crypsty thread..

Thanks for your support, SXC is presently rated 16th most popular coin out of about 123 in this poll, https://bitcointalksearch.org/topic/m.2984683 so you aren't alone.

It's been around since the 28th of May and is stronger than a lot of coins already on exchanges. It's not shrinking as some coins who are listed on exchanges, but experiencing steady growth. It is being accepted by a couple of sites that aren't run of the mill like altcoin casinos, and has sites that have undertaken to use it as soon as it hits an exchange. It even out-lasted "porncoin" which competed directly with it... Why ?

I'll be the first to admit the client is nothing special.. yet. The single most valuable atribute of the coin is the industry it targets.

The gameing industry experienced difficulties, particularly with piracy. Anybody could copy a CD. The industry moved towards a subscription model, where the game itself was relatively cheap, but a monthly subscription would be required to play online, and finally there was an explosion of microtransactional business models, where the game was free to play, but the income stream depended on the sale of many small additional items within the game. "Farmville" is an example of the success of the microtransactional business model.

The music industry is an example of an industry which has struggled with piracy, and again if you pay to download a single song, you are participating in a microtransactional business model.

The Adult entertainment industry, unlike othe entertainment industries is struggling to introduce microtransactional business models. Many sites are already using a "in house" currency, but a cohesive payment system that can be used across the entire industry didn't exist. Until SXC.. and the industry is estimated to turn over between 10 and 14 billion dollars annually.. SXC has potential.

At this point there may be those considering churning out a client and competeing with us. I welcome you..

This is because the other thing SXC has that other cryptocurrencies don't is ... people. We have one developer who isn't too familar with coding clients.. But he does have an intimate knowledge of the industry, the special requirements that should be coded into the client, and how the currency must be intergated into sites for adoption, as well as contacts within the industry.

And yes, we've had exchanges voice concern over our branding and demand that it be changed before it was accepted. But SXC isn't branded to appeal to an exchange. It isn't branded to appeal to anybody in the cryptocurrency community at all .. It's branded to appeal to the users and owners of sites involved in the Adult Entertainment Industry because it's end goal is to be used in online commerce rather than speculation. We haved been approached by people in this industry that want to develop a SXC only site.

I'll admit we have a small development team, though it is much larger than most and growing, and we work hard. But once again we have something some other alts don't ...a real community. We have talented people who are passionate about the coin and want to contribute to it's success, so we have our "graphics guys" and "fedora guy" and a wealth of skills and knowledge to assist us in development.

Finally we have an attitude that other developers don't. We are geniune and passionate about what we do and reflect that in our dealings with our miners, pool operators and supporters. We are inclusive and try to consider the input of our community members, and honestly convey our progress even if it's "bad news". We actively engage and support them as much as they support us.

And if progress seems slow, it's because we are willing to take the time to do it right, because we don't want to do it over, and we are willing to make long term investments in our project.

We have been approached by exchanges, but if you check our officail thread, you'll find that we are working on fixing the desync issue so many alts have had, and coding features that will be particularly useful to those in the industry we have targeted, as well as changeing our logo, and we aren't officailly approaching exchanges until we have finished those tasks.

Even although we are operating in a heavily saturated market space, we aren't in a hurry because being listed on the exchanges doesn't mean we've made it. We can build exchanges if we need them. Creating a great client and a buzz in the industry leading to real world adoption means we've made it.

We wouldn't expect Crypsty or any other exchange to list us at the moment, and we don't want them to, until we make it apparent that this isn't just another altcoin, it's a great altcoin.

Taken from the Sexcoin thread...

Here's the deal:

At the moment I'm solo mining on rig four with the lastest client in alpha. It's the third sent to me for testing this week, and has changes from the last one that don't deal with problems, but deal with new features. Of course without proper testing for a while on a testnet, we can't be sure the problems are fixed. And we want a reputation for bringing out quality, hassle free updates.
One of the workers that we contacted in the adult industry has also approached us in regard to setting up a site that uses SXC, but thats fendles call, right now he's moving residence.

We promised a clean client, as far as we could get without a hardfork, and we delivered.

We promised a pool, and put a p2pool thats so far been fair and reliable when the pool needed major recoding.

We then delivered a pool that is monitored 24/7 in a datacenter by a human being, has not only battery backup, but generator backup, has been completely reworked to use accounting grade cross-method database block tracking and has a consistant backup schedule. It can take Gigahashes thrown at it.

If you miners knew how many pools skip blocks and dump the proceeds into the operators purse, you'd be angry as hell. The U.S. courts consider crypto's money, and they'd probably consider the "PPLNS" payment schemes posted on those pools as legally binding agreements. God help the pool operator who is knowingly taking money from miners pockets and "laundering" it through exchanges they also own... Thats something we don't want to be associated with, and thats an example of how far we try to look ahead, even if it's not likely to be an issue.

But I digress.. now we are working on the client and then we will work on inclusion on exchanges.

And another thread:
Can't help my curiosity...

I know SXC is a popular coin, and I'm pleased about that, by my count it's rated #16, out of 123 coins in this post.

https://bitcointalksearch.org/topic/m.2984683

It's been growing nice and steadily, but today the network reached about 40 M/H. to put that into perspective, I looked at the averages of the hashrate of other coins on coinchoose.. Here's a list...

Americancoin    0.76 M/H
Nucoin             1.43 M/H
Craftcoin          4.46 M/H
CHNcoin           4.57 M/H
Nibble              4.91 M/H
Nanotoken        5.06 M/H
Phenixcoin        8.85 M/H
Orbitcoin        13.37 M/H
Richcoin         14.39 M/H
Elephantcoin   15.17 M/H
Redcoin          15.33 M/H
Stablecoin      19.39 M/H
Bitbar            24.00 M/H
Alphacoin       34.93 M/H


Yeap, you sure know what you're talking about

Its called myfreecams and you use a Credit Card to "mine" tokens lol

I think you should worry about others but up to you

There's already Sexcoin, but that failed miserably.

Sort of, but nothing sex, porn, penis coin would do. Then again, why not?

I suggest just using Bitcoin rather than attempt to create yet another Alt coin.

So my friend has rights to a lot of videos and we recently befriended a strip club owner... he is mulling the idea of a "token" that can be used to view his employees online. We suggested an altcoin. Good idea?