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Topic: community coin - page 3. (Read 9789 times)

full member
Activity: 182
Merit: 100
The Crypto Analyst
February 22, 2014, 08:05:50 PM
#147

I choose to invest early in coins as I have never mined coins. This experience has pushed me into mining.

Happy to help this community any way I can.

https://blockchain.info/tx/940921e7a695b0e3ea87ed57fdafaa9f45423ad291192a7bca5be9aa57aa888b
full member
Activity: 140
Merit: 100
February 22, 2014, 07:45:22 PM
I like the idea of paying out a small fraction of each mined block to the investors rather than a premine, and keep track of the current market value - paying until everyone has been payed back at which the payout would either stop of go to a fund or charity of some sort to help victims of crypto related fraud.

Also mechanisms to prevent the pump and dump would be nice.  The target should be for a stable coin, it might take a little longer to repay the victims but it would be better.

Really like your idea Illiki  a small tax on each block building a charity fund whose first beneficiary's would be StackCoin victims.

+1
SxC
sr. member
Activity: 336
Merit: 250
February 22, 2014, 07:21:34 PM

I offer every stackcoin victim the following:

 for each 1 BTC -> 5000 EBT and 1000 PRT

just PM me your EBT and/or PRT address and how much BTC you invested

(offer valid till 8.march.2014)


This coins don't have much value now but both coins have a great potential to become very valueable in a few weeks or month.
Nothing is for sure thought.

Coins Info:

[EBT] EBT (Electronic Benefit Transfer) https://bitcointalksearch.org/topic/ann-ebt-coin-entropybit-100-pos-multipool-bugfix-version-403-437660
[PRT] Particle https://bitcointalksearch.org/topic/annprt-particle-cpugpu-fast-easy-mine-no-premine-official-thread-392804

EBT - Scrypt GPU coin
PRT - Quark  CPU coin

Note I am off to bed now. So earliest pay out i can do is in about 10 hours.



Very generous offer thankyou on behalf of the stackcoin victims
hero member
Activity: 965
Merit: 515
February 22, 2014, 07:06:24 PM

I offer every stackcoin victim the following:

 for each 1 BTC -> 5000 EBT and 1000 PRT

just PM me your EBT and/or PRT address and how much BTC you invested

(offer valid till 8.march.2014)


This coins don't have much value now but both coins have a great potential to become very valueable in a few weeks or month.
Nothing is for sure thought.

Coins Info:

[EBT] EBT (Electronic Benefit Transfer) https://bitcointalksearch.org/topic/ann-ebt-coin-entropybit-100-pos-multipool-bugfix-version-403-437660
[PRT] Particle https://bitcointalksearch.org/topic/annprt-particle-cpugpu-fast-easy-mine-no-premine-official-thread-392804

EBT - Scrypt GPU coin
PRT - Quark  CPU coin

Note I am off to bed now. So earliest pay out i can do is in about 10 hours.

member
Activity: 239
Merit: 10
February 22, 2014, 06:57:40 PM
I like the idea of paying out a small fraction of each mined block to the investors rather than a premine, and keep track of the current market value - paying until everyone has been payed back at which the payout would either stop of go to a fund or charity of some sort to help victims of crypto related fraud.

Also mechanisms to prevent the pump and dump would be nice.  The target should be for a stable coin, it might take a little longer to repay the victims but it would be better.

Really like your idea Illiki  a small tax on each block building a charity fund whose first beneficiary's would be StackCoin victims.
full member
Activity: 175
Merit: 100
February 22, 2014, 06:53:36 PM
I like this idea and the solution from iliki23. we could help others even after we got our investment back!
and on this way we could make bitcoin more popular in media if we help other people with a new coin.
just imagine helping victims with that coin and the attention you get from the media for that!
the only problem is how to decide whom we help then but with a small team that could work.
especially now that we are trying to get all the good people into that project and try to work together.
Justicecoin [JSC] or AidCoin [AIC]

I am #97 (2nd stage) with 0.1BTC, txid: b0beefcf4796979e39e29832fb9abaa59b7ab71ba5cc8051bc33e3c8c2bc6a43
Shame on me for believing this scammer... should have been a warning for me.. Maybe some trusted organisation should do those IPCOs so they can watch a coin lunch and refund investors if it is scam. so that the devs only get the money if the coin started well and as they announced it. just an idea from my side.

I could help building a (simple) homepage, if needed
newbie
Activity: 62
Merit: 0
sr. member
Activity: 602
Merit: 295
Hail Eris!
February 22, 2014, 06:47:48 PM
I like the idea of paying out a small fraction of each mined block to the investors rather than a premine, and keep track of the current market value - paying until everyone has been payed back at which the payout would either stop of go to a fund or charity of some sort to help victims of crypto related fraud.

Also mechanisms to prevent the pump and dump would be nice.  The target should be for a stable coin, it might take a little longer to repay the victims but it would be better.
member
Activity: 239
Merit: 10
February 22, 2014, 06:41:31 PM
If its a community driven coin...im sure the community will come out with some idea to pay stackcoin investors the ACTUAL BTC they have lost.

 How on hell are you going to do that on a premine? by giving them X amount of coins that you don't know the value?


If a better idea  doesn't come out, then i would propose reserving a small amount of coins ..in a way is a small premine yes, trusted to a board of some sort...when that  reserved amount of coins reached  the market value scammed  by Stackcoin creator´s, they would be distributed to the scammed people.

However i would like to see some sort of found raising instead, that would be a better proof that we really have a strong community and not just a bunch of people trying to get rich on pump and dump schemes.
SxC
sr. member
Activity: 336
Merit: 250
February 22, 2014, 06:31:36 PM
WTF you all got scammed, now basically you want a free ride from the rest of the community to support your stupidity. I mean con men can only con the greedy.


Not all of us on here got scammed most are offering to help the ppl that did tho

You know a community pulling it's resources to help victims of crime

Maybe some was greedy or maybe not no one deserve's to be robbed

Edit : Also it's nice to give back something,i'm sure you have asked for help from someone on this forum

a question you needed help with for example i know i have in the past
full member
Activity: 182
Merit: 100
February 22, 2014, 06:30:34 PM
WTF you all got scammed, now basically you want a free ride from the rest of the community to support your stupidity. I mean con men can only con the greedy.



when you invest in something you are not automaticly greedy...and punishing a person for making a mistake is also silly

+1, our community is better than that.
hero member
Activity: 728
Merit: 501
February 22, 2014, 06:25:33 PM
WTF you all got scammed, now basically you want a free ride from the rest of the community to support your stupidity. I mean con men can only con the greedy.



when you invest in something you are not automaticly greedy...and punishing a person for making a mistake is also silly
newbie
Activity: 2
Merit: 0
February 22, 2014, 06:24:32 PM
I m no 41.I invested 0.1 BTC

newbie
Activity: 12
Merit: 0
February 22, 2014, 06:24:06 PM
WTF you all got scammed, now basically you want a free ride from the rest of the community to support your stupidity. I mean con men can only con the greedy.
member
Activity: 88
Merit: 10
February 22, 2014, 06:22:29 PM
Hello, great idea. I don't invest a lot and knew the risk too.
My invest number : #8
Amount 0,1 BTC
https://blockchain.info/tx/afcd4adf59065ad42c771df58dd76a5c2e15b4f50b6191da89947e50f2a1a33a
 
hero member
Activity: 728
Merit: 501
February 22, 2014, 06:21:02 PM
I could help you with promotion of this coin if you still need promoters

everybody is welcome
full member
Activity: 182
Merit: 100
February 22, 2014, 06:20:30 PM
As I posted before

I had the idea of a coin made by the community for a while now.

The name I had in mind was "Perfect Coin". Basically the community votes on what features we need and how we'll set things up. The initial decisions will be made by people with a reputation on bitcointalk.

When the coin is launched, the coin can change it's properties every week. Depending on the amount of coins you have, you can have that much of an influence on the coin. To keep things fair (dictatorship won't be fun) we'd need a way to make sure that one person can only make one vote.

HunterCoin (HUC) is an MMO driven coin. It's possible to allow an actual voting system within the wallet app using the same technologies as HUC. If we were to do it like that, it would be tricky to make elections fair since people can use multiple wallets to vote.

The ultimate goal is that users can intervene in the coin when they see the value decrease. It would also be interesting to set one user as the president and people can vote that user out when they don't like him. What do you guys think about this?


The president could fulfill the role of this:

I really really hope you manage this coin properly. It would be painfully ironic if this coin were to be the victim of a scamster. Just be smart and don't give any BTC to anyone you do not trust. If there does end up being BTC involved then it must ONLY be in the hands of a well trusted escrower on the forum. No exception.

I am all for finding a very trusted holder to control the premine and be basically connected to the official development.

Candidates?

Maybe we can vote on who gets to do it.

An escrow for the premine and transparent operations would be useful as well.  


sr. member
Activity: 560
Merit: 250
February 22, 2014, 06:19:34 PM
I could help you with promotion of this coin if you still need promoters. I know quite a few people who could bring some decent hashes to the coin and could help you spread the word on the coin
hero member
Activity: 826
Merit: 1000
see my profile
February 22, 2014, 06:17:44 PM

I am NOT sure that this is feasible, but a clever bunch of people is working together here:


What about hardcoding the compensation mechanism?
Not as a premine of genesis block ... but...
... into the block generation of EACH block.


options:
  • with every mined block, some amount is generated and sent to 1Cqtbc73pFBDGjWwCg9kPhPXvdTk5McETj
  • half of the transaction fees are sent to 1Cqtbc73pFBDGjWwCg9kPhPXvdTk5McETj
  • the full list of victim addresses (172 so far) is hardcoded, and for each block a lottery function pulls one of those and sends some dust to that address

(for simplicity, I call the new coin money for now, or MON or moneycoin. But I really do not insist on that name.)

The first two ideas need a supportive script which distributes the coins.
And a table with corresponding addresses BTC <-> MON, for each bitcoin address of a victim, there needs to be one moneycoin address.


The third idea doesn't need any further administration IF there is an address mapping. The victims hold private keys of their BTC address, and if the address scheme of moneycoin is clever enough, the same private key can be made corresponding to a moneycoin address.

BUT: It would need a slightly extended address scheme for the new coin, so that confusion with bitcoin is avoided.
So
BTC 1Cqtbc73pFBDGjWwCg9kPhPXvdTk5McETj would become [MON] mCqtbc73pFBDGjWwCg9kPhPXvdTk5McETj or
BTC 1Cqtbc73pFBDGjWwCg9kPhPXvdTk5McETj would become [MON] m1Cqtbc73pFBDGjWwCg9kPhPXvdTk5McETj

anyone expert enough with the bitcoin code and address scheme to say if that is possible?

Nice side effect, and a really new feature:
One private key would open wallets in several currencies.

Possible?

hero member
Activity: 826
Merit: 1000
see my profile
February 22, 2014, 06:16:48 PM
Premining is not the answer..
What do you suggest as an alternative?  
The idea is to compensate the actual losses ...

I am NOT sure that this is feasible, but a clever bunch of people is working together here:


What about hardcoding the compensation mechanism? Not as a premine of genesis block ... but... into the block generation of EACH block.


options:
  • with every mined block, some amount is generated and sent to (a donation collector address like) 1Cqtbc73pFBDGjWwCg9kPhPXvdTk5McETj
  • half of the transaction fees are sent to (a donation collector address like)  1Cqtbc73pFBDGjWwCg9kPhPXvdTk5McETj
  • the full list of victim addresses (172 so far) is hardcoded, and for each block a lottery function pulls one of those and sends some dust to that address


details below
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