Topic: New [ANN] [$XSEED] BitSeeds - Rainforest Foundation Charity - SHA256 PoW/PoS 10% - page 2. (Read 19505 times)

Any news on the $UBQ-related re-launch?

Nyooos

Take back my dead comment :p

Not looking good - worth, any news to share or is this abandoned?

Any news? Or is the project dead?

So you may have noticed that the XSEED market is disabled but is still listed, unlike most/all of the other alts that they've removed recently. Bill has not made a final decision yet and I have just heard back from Gabe earlier today who has been away traveling, I think for his cannabis startup incubator. Gabe is going to get in touch with Bill and talk to him so we'll see how that goes and I'll post any updates here when I have them.

Where can I dump this coin?

Thanks for keeping us updated, I had some low buys set and hit, but not enough to keep volume up in a meaningful way.  Please keep us updated if it looks like Bittrex might bring the XSEED market back.  If they don't, are there any other options you might pursue, and will this affect any future plans for the coin if no major alt markets are trading it?

Thanks. Glad you like the wallet design - I need to tweak a couple aspects of it but I think it came out looking pretty good.

You should be getting connections, albeit not a huge number right now since there don't seem to be a lot of people staking right now and both our pools have gone down along with the other pools run by those two people. We just set up a new node which hasn't been hard coded into the wallet yet, so use

addnode=104.131.118.19:2332

and also try

addnode=72.130.92.25:2332

those should help.  

BTW, if you have any XSEED already be sure to fully sync it with an empty wallet or there's the potential for it to get stuck on it's own fork if the wallet decides to stake. I've had this happen with a number of staking coins in the past before I realized what was causing it.

Checking my wallet it looks like we're on block 67344 as I type this. Keep in mind a lot of QT or core-based alt wallets including BitSeeds will sometimes look like they're failing to sync if you happen to sync and catch up between blocks. So check the block number and if it's 67344 or higher then you're probably fully synced even if it looks like it's catching up.

But now that I think about it, I haven't seen this happen since we relaunched with our current codebase back at the end of April, so you probably just need to give it a little more time unless maybe your firewall is blocking it or something.

Let me know if any of that helps.

I'm talking it over with Bill right now and I emailed Gabe to see if he could talk to him as well. We'll see what he says, but it costs Bittrex a pretty fair amount of money to keep markets open and unfortunately BitSeeds just hasn't had a lot of volume and so they've been keeping it open for us while losing money for a long while now.  :/


Yes, they've been really aggressive cutting the smaller lower profile coins due to the cost issue I mentioned. I can understand their position but it's very frustrating for us to have the market killed, and sort of because we don't hype enough to get more people trading... I always saw the lack of hype as a good thing, but again I can understand them wanting to keep their costs under control. 

Just downloaded the local wallet.... awesome design and looking

Waiting for connexions to the network.

Is there a node list or conf file available?

Unfortunatly, there are a good number of good coins that are beeing delisted recently....
In different cases a dev team was working hard to deliver.... and the sanction came anyway.

As for now, the only place to go (if operational), is to put your coins in a local wallet)
and wait for news ;-)


Sad period for many coins and dev team dedidated to ramp up their new or rescue coin....

On the other hand some scammy coins are still live LOL!

Looks like bitseeds has been delisted from bittrex, where do we go from here?

Hopefully Bill will make an exception for Bitseeds, i'm sure he understands the situation  with its past and bad actors, not the same as other coins where devs abandoned and ran off. With just a bit more time I think it can be a solid top coin.

Hi Delong,
 Thanks for the heads up; as it happens I actually already spoke with Bill (Bittrex CEO) over the weekend and updated him on what was going on with the project. What I didn't mention specifically in my last post was that Alex of coin.co had actually spoken with Bill offering the turnkey crypto payment processing system to them, which would have allowed Bittrex to become our payment processor.  I asked Bill about it since we hadn't spoken since before then and he said that he liked Alex and coin.co but it wasn't a great fit for what Bittrex is working on right now.

 However, Bill said he had someone he could put me in touch with however who might be a better fit - I need to follow up with Bill about this since he only has given me the website so far, but if that worked out we'd end up with a company that could handle both the payment processing as well as the gift cards so that could end up working out really well!

 So while I have spoken with Bill, anyone who can help boost the trade volume in the market would be appreciated.

 I have been trying on my own to help improve the volume for some time now by gradually selling off my own BitSeeds (at a considerable loss since all the BitSeeds I've ever owned were ones I mined during the original launch or bought up out of pocket some time ago) but have almost entirely exhausted my own funds.  So to whomever has been buying when I've been selling them, you're welcome for the cheap coins.

Thanks for the update, Worth - it's disappointing to hear about the setbacks, but I'm glad there's still an effort being made to keep things going. 

On a different note, would you be able to contact Bittrex and let them know the coin is still active?  It looks like XSEED is slated for delisting without either increased volume or contact from you.

Thanks again!

Hey Delong,
 Yeah, so here's the current state of things. Going all the way back to the original launch of BitSeeds back in April of 2015, the project had coin.co lined up to handle merchant services/payment processing and handling the small fee that gives merchants a tax deduction for a charitable donation.

 Since then the Bitlicense went into effect in New York (where coin.co is located) and between that and the other state-by-state regulatory requirements, the up-front cost for coin.co to be able to provide payment processing for crypto apparently shot up into the $2-3 million range(!) and so coin.co basically decided to largely stop operations. Back in June I was told about this, but also told that due to the charity status of the project this created a regulatory loophole and Bitseeds support was still on track and that we'd be ready to have merchants accepting orders in XSEED in about a month.

 Fast forward to late July, as I posted upthread, Alex from coin.co hadn't had a chance to start working on it due to a family illness, but was still planning on it. When I spoke with him I asked him to confirm the "loophole" (for lack of a better term) with his lawyers. Eventually we heard that his lawyers had decided that the charity status was not enough to allow them to avoid the massive regulatory cost so coin.co wouldn't be able to do it. 
 
 However, coin.co has a complete payment processing system set up that is basically turnkey and ready for a company to take over to implement payment processing for bitcoin, Bitseeds, or other alts.  Alex reached out to someone he thought might want to take over coin.co's assets, but they weren't apparently interested in providing payment processing along with their existing crypto business. 

 So we're at a point where we do have confirmed interested businesses who want to start accepting BitSeeds, but without coin.co there's no way for them to do so.  So we are not able to go forward in the planned sequence (payment processing -> merchants -> gift cards & Rainforest Foundation) so we're hoping to move forward on the gift cards in the mean time so the RF can begin giving BitSeeds in exchange for donations and pick up the payment processor later.

  I know some people who might be interested in working with us to implement the payment processing since they're already working on a multi-crypto project involving debit cards and merchant services, so I'm going to get in touch with them and see what they say. It's pretty likely they'll be happy to work with us so I'm going to get in touch with them and will get back with more info when I have it.
   
  Sorry for the delays and I really apologize for getting excited back in June and tweeting about the news before I should have. The way it was presented to me was that it was all on track and just a matter of a few weeks before merchants would be able to accept BitSeeds, so I figured I'd let everyone know since people (including myself!) had been waiting so long. We do have merchants lined up, but obviously without coin.co's help it's a bit of a setback.

 Anyway, that's the current state of things and I'll post more when I have something to report.

Just wondering if there's anything new to report?  Waiting patiently, of course, but would love to know what's in the works...

Already meaning since April of 2015? 
 
There's not much discussion going on, and getting the payment processing set up is unfortunately taking longer than I'd like, but no, it's not dead.

Is this fucking coin already dead?

Hi, welcome aboard and thanks for checking in with your questions.  First off, I probably should have linked to an article explaining what Proof Of Burn is just in case people weren't familiar with the term. 

Here is a discussion about the concept since the main wiki article isn't as clear as it could be:
http://bitcoin.stackexchange.com/questions/24187/what-is-proof-of-burn

but the basic idea is that we created extra coins that were not needed or part of the plan for BitSeeds.
We could have dumped them on the market, but instead we chose to destroy them to avoid devaluing everyone's existing coins in the process.  I posted the information publicly so anyone could verify this on the blockchain. Bottom line is, this is not a bad thing it's either neutral or positive news depending on your perspective since there are now fewer coins in existence on the network.

I hope that makes sense; feel free to ask if you need any further clarification.

As for whether you should download the wallet and start staking, absolutely! The relaunch went successfully back in early May and there are no hard forks/relaunches/etc. needed or planned at this point.  I've got a wallet staking as I type this in fact.