A new update has been posted to the repo.
Proof of work will be disabled at block 76300.
Bittrex is compiling new wallets and the markets should be online shortly.
Pools are asked to update immediately.
New installable wallets are being built now and it will be posted when the SourceForge repository has been updated.
Please do not stake your coins until you download this update. We will post when it is available, which should be very shortly.
Thank you for your patience and continued support of the Rainforest Foundation and its mission.
Topic: [Network Repaired][ANN][BITS] BitSeeds - A Currency that Grows! - page 17. (Read 36467 times)
April 23, 2015, 09:23:26 PM
April 23, 2015, 08:54:54 PM
The network has been exploited by a hostile party who is currently manipulating it. They are preventing proof of stake blocks as well as disrupting the difficulty calculations. Proof of stake blocks were working as of 5am 4/22/15, after the patch was released.
The POS blocks stopped and the transaction structure of clients was rejected by the network as being invalid.
This entity is responsible for the massive hashpower and demonstrated it 24 hours ago when their hold on the network was threatened.
They are also now in possession of over 900k coins they got by destroying a network launched on behalf of a charity.
We have asked Bittrex to freeze the market as we develop a solution.
There are many options available to us to remedy this situation, and we are sorting through them all.
The POS blocks stopped and the transaction structure of clients was rejected by the network as being invalid.
This entity is responsible for the massive hashpower and demonstrated it 24 hours ago when their hold on the network was threatened.
They are also now in possession of over 900k coins they got by destroying a network launched on behalf of a charity.
We have asked Bittrex to freeze the market as we develop a solution.
There are many options available to us to remedy this situation, and we are sorting through them all.
April 23, 2015, 05:57:06 PM
What is the issue with the chain exactly?
its running at normal speed 
April 23, 2015, 05:15:02 PM
What is the issue with the chain exactly?
April 23, 2015, 04:13:30 PM
Wow. I had no idea the Bittrex market would be down so long. I hope whatever the problem is that it's possible to resolve it soon.
April 23, 2015, 11:56:59 AM
The final sale price at auction was $0.70. The coins provided to the winning bid were donated to the Rainforest Foundation from the BitSeeds Foundation from the mined supply, which is obvious given the custody amount hasn't moved.
Thank you for your concern.
We are investigating the issues with the network and appreciate your patience.
Thank you for your concern.
We are investigating the issues with the network and appreciate your patience.
April 23, 2015, 10:36:44 AM
Any word on the problems with the chain and the market opening back up?
April 23, 2015, 09:53:15 AM
We need more noobs like this who hates money. 
April 23, 2015, 09:07:55 AM
Anyway, who won the silent auction and what was their bid? I assume the foundation is going to be transparent about where their staked coins go and how much money they raise.
As soon as we get permission from the buyer to release their name, we will post it here. But I can tell you that we had 1 lot of 500 BitSeeds at auction. The bidding began at $250 and ended at $350. The person who bought had heard of crypto before, but didn't know much about it. They told me they ended up bidding because they believe the concept is great and we need more awareness in regards to the destruction happening to our rainforests around the world.
April 23, 2015, 08:43:16 AM
Anyway, who won the silent auction and what was their bid? I assume the foundation is going to be transparent about where their staked coins go and how much money they raise.
April 23, 2015, 08:35:19 AM
Looks like CMC has a hard time calculating supply.
I'm curious whether CMC will calculate the supply with the premine.
I'm glad you asked
April 23, 2015, 08:30:41 AM
https://yourlogicalfallacyis.com/strawman
Domain Name:BITSEED.ORG
Domain ID: D170425430-LROR
Creation Date: 2013-12-12T19:00:07Z
Quote
Domain Name:BITSEEDS.ORG
Domain ID: D172503334-LROR
Creation Date: 2014-05-01T15:08:46Z
Domain ID: D172503334-LROR
Creation Date: 2014-05-01T15:08:46Z
Domain Name:BITSEED.ORG
Domain ID: D170425430-LROR
Creation Date: 2013-12-12T19:00:07Z
Please don't get butthurty because they launched a fully backed asset in a couple months before your 1 1/2 year long bitseed shares. Least after that you finally found a project to use the site for; well after bitseeds was running with the idea. Large foundations like this don't just jump into crypto on a domain before deciding on the name of the project.
BTW, you were never archived until today, you're welcome.
April 23, 2015, 08:03:15 AM
@dev
So you are planting 100 million trees now?
Ah yeah and btw:
You get 10 Million coins interest in the first year... other coins in public arena will be around 3million and creating 300k interest. So after 1 year only your interest of 10% of the 100 mln will be more than 70% of the supply in circulation. (total coins minus the 100mln fund).
You probably were too stoned when writing the ann to realize that selling 70% of coins in circulation 1 year from now will kill the cap of course no matter how you put it.
This coin is designed to be worthless. Basic maths and economics about the specs/fundamentals don't add up. I don't see this working out.
I wonder who you plan on selling to because i don't see a possible buyer for this.
So you are planting 100 million trees now?
Ah yeah and btw:
You get 10 Million coins interest in the first year... other coins in public arena will be around 3million and creating 300k interest. So after 1 year only your interest of 10% of the 100 mln will be more than 70% of the supply in circulation. (total coins minus the 100mln fund).
You probably were too stoned when writing the ann to realize that selling 70% of coins in circulation 1 year from now will kill the cap of course no matter how you put it.
This coin is designed to be worthless. Basic maths and economics about the specs/fundamentals don't add up. I don't see this working out.
I wonder who you plan on selling to because i don't see a possible buyer for this.
Did you not read that the 10% interest will be sold exclusively to donors? Yes this inflation would be a major concern if it were the typical kids around here dumping their coins to buy a video game but most likely these will be prominent individuals or businesses who will be foreign to cryptocurrency and will likely not even sell them for a good long while if ever.
April 23, 2015, 05:23:01 AM
anybody know when the market on bittrex goes online ?
April 23, 2015, 03:03:02 AM
Just to make it clear to everyone so there is no confusion - BitSeeds and BitSeeds Foundation are in no way associated with Bitseed or Bitseed.org. We have been posting from our Bitseed account and selling our product for months now, long before BitSeedsFoundation announced their altcoin.
BitSeeds ≠ Bitseed.
BitSeeds ≠ Bitseed.
because we are all SURE the rainforest foundation and Bryce and all the other people involved saw your article last month and decided to make a coin with the same name? ehh..... try again?
https://yourlogicalfallacyis.com/strawman
Quote
Domain Name:BITSEEDS.ORG
Domain ID: D172503334-LROR
Creation Date: 2014-05-01T15:08:46Z
Domain ID: D172503334-LROR
Creation Date: 2014-05-01T15:08:46Z
Domain Name:BITSEED.ORG
Domain ID: D170425430-LROR
Creation Date: 2013-12-12T19:00:07Z
full member
Activity: 882
Merit: 102
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April 23, 2015, 12:36:49 AM
@dev
So you are planting 100 million trees now?
Ah yeah and btw:
You get 10 Million coins interest in the first year... other coins in public arena will be around 3million and creating 300k interest. So after 1 year only your interest of 10% of the 100 mln will be more than 70% of the supply in circulation. (total coins minus the 100mln fund).
You probably were too stoned when writing the ann to realize that selling 70% of coins in circulation 1 year from now will kill the cap of course no matter how you put it.
This coin is designed to be worthless. Basic maths and economics about the specs/fundamentals don't add up. I don't see this working out.
I wonder who you plan on selling to because i don't see a possible buyer for this.
So you are planting 100 million trees now?
Ah yeah and btw:
You get 10 Million coins interest in the first year... other coins in public arena will be around 3million and creating 300k interest. So after 1 year only your interest of 10% of the 100 mln will be more than 70% of the supply in circulation. (total coins minus the 100mln fund).
You probably were too stoned when writing the ann to realize that selling 70% of coins in circulation 1 year from now will kill the cap of course no matter how you put it.
This coin is designed to be worthless. Basic maths and economics about the specs/fundamentals don't add up. I don't see this working out.
I wonder who you plan on selling to because i don't see a possible buyer for this.
April 22, 2015, 07:18:42 PM
i hope your coin is not a scam , and it goes higher than yesterday 
pump it up
pump it up
Definitely not a scam. We stopped Bittrex trading specifically to fix the issues.
Dev is on the ball, nicely done!
April 22, 2015, 07:00:20 PM
when the market goes online , this night ?
April 22, 2015, 06:58:39 PM
i hope your coin is not a scam , and it goes higher than yesterday
pump it up
pump it up
Definitely not a scam. We stopped Bittrex trading specifically to fix the issues.
April 22, 2015, 06:52:51 PM
i hope your coin is not a scam , and it goes higher than yesterday
pump it up
pump it up
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