[KOBO] Kobocoin - An African peer to peer payment/micropayment system - page 57.

dukeneptun

legendary

Activity: 1064

Merit: 1000

Quote from: EBK1000 on February 21, 2015, 07:40:42 AM

I am a bit concerned about the rich list:

There is one address:
FKt8vwoWburnEDLiZ6PmS9Nq1qSa3aXQgV holding 3910275.30299133 KOBO which is 20.3 % of the total supply

The top three:
FKt8vwoWburnEDLiZ6PmS9Nq1qSa3aXQgV holding 3910275.30299133 KOBO
FMGXA8MyNqu4EuoA5TYjZRB96aPpXRSXWe holding 2654106.03134412 KOBO
FFmRa8SLtjVkXg1eb3Dm6YGhMEdPYJiNk2 holding 2484166.00000000 KOBO

Which is 47% of the total supply

Is this not a danger? Who is holding this and what if they decide to dump or otherwise affect the price?

First one is surely bittrex.

CaptainCrapper

full member

Activity: 462

Merit: 100

Quote from: TheTribesman on February 22, 2015, 07:33:03 AM

I've been playing around with QT Designer. Got the denominations sorted.

KOBO

MANILLA

COWRIE

The updated desktop wallets will be officially released once all 3 desktop versions are built and tested. If you'd like to play with the Linux version I'm using it can be downloaded from the following URL:

https://mega.co.nz/#!rVYzFZCZ!CKJS6_79OFiqoSaDOV5TxCSqN6j66qwqgDByoWmixr0

Revisions: 22nd February, 2015
1. Removed white border from startup splash image
2. Modified currency denominations to reflect KOBO, MANILLA, COWRIE

I'll make sure that all revision history is part of the ever-growing(!) OP
Please virus check before testing and make sure you backup your wallet.dat before doing anything

(btw, we now have the correct server and OS to get moving ahead with the Android wallet - fingers crossed!)

Awesome work... I love it!

no141

sr. member

Activity: 294

Merit: 250

According to current trends, you have about 68 more hours to mine this coin via X15. And currently POW blocks are less than half the blocks minted. After that, I think blocks will finally stabilize to an average of that 60 second mark with just POS mining.

TheTribesman

legendary

Activity: 1019

Merit: 1003

Kobocoin - Mobile Money for Africa

I've been playing around with QT Designer. Got the denominations sorted.

KOBO

MANILLA

COWRIE

The updated desktop wallets will be officially released once all 3 desktop versions are built and tested. If you'd like to play with the Linux version I'm using it can be downloaded from the following URL:

https://mega.co.nz/#!rVYzFZCZ!CKJS6_79OFiqoSaDOV5TxCSqN6j66qwqgDByoWmixr0

Revisions: 22nd February, 2015
1. Removed white border from startup splash image
2. Modified currency denominations to reflect KOBO, MANILLA, COWRIE

I'll make sure that all revision history is part of the ever-growing(!) OP
Please virus check before testing and make sure you backup your wallet.dat before doing anything

(btw, we now have the correct server and OS to get moving ahead with the Android wallet - fingers crossed!)

no141

sr. member

Activity: 294

Merit: 250

It's a bit crazy that one address has "burn" in it. People that horde coins believe in them, it's a very positive sign as I'm concerned. This coin could have a very bright future, people could be betting on that. The even better thing is so many blocks are being mined via POS, this brings up the cost of mining POW, so they should either want more money for the coins and there's a smaller amount of blocks wanting to sell quick. It's a prime time to buy now, if you believe in this coin. As there is only 43,200 possible POW blocks, which POS blocks have really ate into, and there's only less than 10,000 blocks of that left, this coin won't have it's max number for a long long time.

19,282,825 current coins, plus maybe another 4,500,000 for these last POW blocks added, and some for interest, means this coins total volume is tiny. Then over time it only grows with interest, meaning people have to hold them. All good signs. Might not be this low again.

EBK1000

legendary

Activity: 1148

Merit: 1000

A Wound in Eternity

I am a bit concerned about the rich list:

There is one address:
FKt8vwoWburnEDLiZ6PmS9Nq1qSa3aXQgV holding 3910275.30299133 KOBO which is 20.3 % of the total supply

The top three:
FKt8vwoWburnEDLiZ6PmS9Nq1qSa3aXQgV holding 3910275.30299133 KOBO
FMGXA8MyNqu4EuoA5TYjZRB96aPpXRSXWe holding 2654106.03134412 KOBO
FFmRa8SLtjVkXg1eb3Dm6YGhMEdPYJiNk2 holding 2484166.00000000 KOBO

Which is 47% of the total supply

Is this not a danger? Who is holding this and what if they decide to dump or otherwise affect the price?

no141

sr. member

Activity: 294

Merit: 250

There seems to be a bug in the windows client. Twice now it has it has stopped at a block never to continue. I think it might have to do with when I switch on a vpn connection and then back off. Other wallets have no issue with this. I will try to further see what causes it next time it happens.

TheTribesman

legendary

Activity: 1019

Merit: 1003

Kobocoin - Mobile Money for Africa

Quote from: crazywack on February 20, 2015, 05:47:25 PM

How long of a delay are you talking about?

At this rate the best hope is for the start of PoS.

The issues are normal hair-pulling IT issues. A server is needed. A server is provided. Incompatible OS. Go back 3 steps. Look in the mirror. Decide how to report to the community. Take deep breath... and exhale.....

We'll get there.

CaptainCrapper

full member

Activity: 462

Merit: 100

Quote from: dygus on February 20, 2015, 08:23:25 PM

Why price is so low?

Too many miners unloading at once would be my guess.

dygus

legendary

Activity: 1193

Merit: 1000

Peaky Blinder

Why price is so low?

crazywack

legendary

Activity: 1148

Merit: 1000

How long of a delay are you talking about?

semajjames

hero member

Activity: 528

Merit: 500

Quote from: no141 on February 20, 2015, 12:17:40 PM

@semajjames, there's enough people running wallets now that over time your wallet should get it's 8 connections. Sometimes those connections don't have enough connections themselves and your message of having a block doesn't get propagated as well as another wallet that's trying to stake or a wallet announcing a miner found a block. To improve this you can try to improve you connection and make sure you get 8 connections. If you have all 8, next time you shut the wallet down, you may want to delete the peers.dat file, to basically try again next time to get better peers. It's a race to who wins the block, the more conflicts you have just means you're losing the race a lot.

Cheers I'll keep eye on it ,,,,,, I seem to have a constant 8 or 10 connections

TheTribesman

legendary

Activity: 1019

Merit: 1003

Kobocoin - Mobile Money for Africa

Quote from: danonthehill on February 20, 2015, 11:07:46 AM

Denominated coins is a good idea.

ANy info on how you would encourage adoption in West Africa?

Since launch we've made a lot of progress on social media making people aware of the brand. It's been very positive so far (check out @kobocoindev's twitter followers). I think we already have a groundswell in progress, but we'll have to wait ( Angry

) for the android wallet to see if translates to wallet downloads and funded addresses.

TheTribesman

legendary

Activity: 1019

Merit: 1003

Kobocoin - Mobile Money for Africa

Quote from: olcaytu2005 on February 20, 2015, 12:19:55 PM

i want to win 10000 kobo bounty

Very soon...
Cheesy

TheTribesman

legendary

Activity: 1019

Merit: 1003

Kobocoin - Mobile Money for Africa

Quote from: ik_do on February 20, 2015, 11:20:28 AM

Within West Africa, what languages are used? Are these languages supported by Android? Will the wallet eventually be translated into these languages to facilitate uptake?

The 2 main trading languages are French and English. We won't be supporting local languages because there are just too many. Also, a lot of people can speak their mother tongue, but can't/don't read or write in it.

olcaytu2005

legendary

Activity: 1470

Merit: 1024

i want to win 10000 kobo bounty

TheTribesman

legendary

Activity: 1019

Merit: 1003

Kobocoin - Mobile Money for Africa

Quote from: Vlizzjeffrey on February 20, 2015, 09:05:07 AM

good job on the update, android and ios wallet would be awsome, so the coin can be used what it's designed for. any eta?

edit: looking at this marketcap, its current position is so low, its surrounded by abandoned coins in the marketcap list, this along with the still active dev makes this one of the best investments atm. only way is up

At the moment KOBO trades are not really involving the main users. Once the android wallet is finally released there will be more demand.

no141

sr. member

Activity: 294

Merit: 250

@semajjames, there's enough people running wallets now that over time your wallet should get it's 8 connections. Sometimes those connections don't have enough connections themselves and your message of having a block doesn't get propagated as well as another wallet that's trying to stake or a wallet announcing a miner found a block. To improve this you can try to improve you connection and make sure you get 8 connections. If you have all 8, next time you shut the wallet down, you may want to delete the peers.dat file, to basically try again next time to get better peers. It's a race to who wins the block, the more conflicts you have just means you're losing the race a lot.

semajjames

hero member

Activity: 528

Merit: 500

My wallet is staking coins and i am receiving "mined" payments

BUT

within these payments about half are conflicted and do not clear !!! is this normal ?

cheers

ik_do

hero member

Activity: 522

Merit: 500

Within West Africa, what languages are used? Are these languages supported by Android? Will the wallet eventually be translated into these languages to facilitate uptake?

Topic: [KOBO] Kobocoin - An African peer to peer payment/micropayment system - page 57. (Read 127548 times)