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Topic: [PRE-ANN] ParkByte [PKB] Short POW / POS - Launching 7th May 2015 (Read 4068 times)

legendary
Activity: 1484
Merit: 1000
Launch when starting ? Its 7 may
check OC's above link, its launched  Smiley
member
Activity: 210
Merit: 11
♦ SIMDAQ ♦
Launch when starting ? Its 7 may
hero member
Activity: 714
Merit: 500
Skol!
full member
Activity: 217
Merit: 125
-snip-


But if "providers" wanted to make a $100k server backend to do this, why wouldn't they just do it for bitcoin?

I really like this idea but I'm not sure why there needs to be a new coin to implement it.

Well there doesn't need to be a new coin, and there would be nothing to stop them doing it for bitcoin.

I do see a few benefits to using an alt coin rather than bitcoin.

TX Fee BTC its 0.0001BTC, PKB will be 0.0001PKB (unless 1PKB=1BTC this is a generous saving for 1000's of daily micro payments.)
Block times, PKB will be 1minute compared to bitcoins 30minute block
Users can stake their coins and earn interest on their parking change
Bitcoin doesn't have a specific target market, even though it will probably always be the leader of crypto it does have a bad image for its uses. ParkByte is specifically targeted at parking, not drugs, not anonymity and not to avoid the alphabet agencies' eyes.
Maybe just maybe Parkbyte *might* be less volatile

Lastly, Why not? I am only joining in on the mass altcoin creation I was starting to feel left out  Roll Eyes.


Thanks for the reply. The blocktime and Tx fees are good points, quick confirmations would certainly be advantageous and micropayments do need lower fees.

I understand wanting to jump on the altcoin train, too. But, too often devs want to do so for one reason and one reason only- quick profit- and then they abandon the project.

Agreed, I have seen it too and will most definitely see it again.

Quick profit is however usually a small profit, I know how much money is spent in the parking industry year in, year out and I'd prefer to try and get a slice of that pie rather than just putting another useless coin on the market for a quick $$.

Plus I hate finding change or using a credit card to pay for parking
hero member
Activity: 868
Merit: 1000
-snip-


But if "providers" wanted to make a $100k server backend to do this, why wouldn't they just do it for bitcoin?

I really like this idea but I'm not sure why there needs to be a new coin to implement it.

Well there doesn't need to be a new coin, and there would be nothing to stop them doing it for bitcoin.

I do see a few benefits to using an alt coin rather than bitcoin.

TX Fee BTC its 0.0001BTC, PKB will be 0.0001PKB (unless 1PKB=1BTC this is a generous saving for 1000's of daily micro payments.)
Block times, PKB will be 1minute compared to bitcoins 30minute block
Users can stake their coins and earn interest on their parking change
Bitcoin doesn't have a specific target market, even though it will probably always be the leader of crypto it does have a bad image for its uses. ParkByte is specifically targeted at parking, not drugs, not anonymity and not to avoid the alphabet agencies' eyes.
Maybe just maybe Parkbyte *might* be less volatile

Lastly, Why not? I am only joining in on the mass altcoin creation I was starting to feel left out  Roll Eyes.


Thanks for the reply. The blocktime and Tx fees are good points, quick confirmations would certainly be advantageous and micropayments do need lower fees.

I understand wanting to jump on the altcoin train, too. But, too often devs want to do so for one reason and one reason only- quick profit- and then they abandon the project.
full member
Activity: 217
Merit: 125
-snip-


But if "providers" wanted to make a $100k server backend to do this, why wouldn't they just do it for bitcoin?

I really like this idea but I'm not sure why there needs to be a new coin to implement it.

Well there doesn't need to be a new coin, and there would be nothing to stop them doing it for bitcoin.

I do see a few benefits to using an alt coin rather than bitcoin.

TX Fee BTC its 0.0001BTC, PKB will be 0.0001PKB (unless 1PKB=1BTC this is a generous saving for 1000's of daily micro payments.)
Block times, PKB will be 1minute compared to bitcoins 30minute block
Users can stake their coins and earn interest on their parking change
Bitcoin doesn't have a specific target market, even though it will probably always be the leader of crypto it does have a bad image for its uses. ParkByte is specifically targeted at parking, not drugs, not anonymity and not to avoid the alphabet agencies' eyes.
Maybe just maybe Parkbyte *might* be less volatile

Lastly, Why not? I am only joining in on the mass altcoin creation I was starting to feel left out  Roll Eyes.
hero member
Activity: 868
Merit: 1000
Let's look at what we have here.

- clone coin
- a cool idea
- no support from any car park company in the business
- no support from any current car park system
- an anonymous dev/s making it impossible to judge their abilities to do such a thing
- basically free PoS coins.
- a premine.
- an idea for a software system that would cost $100,000 to build an alpha version.

My marketcap value estimate = $500 = 2 BTC. How much would you pay to get in on this coin?


My advice, do more planning, get connections, come back next year and try again.





I like this idea. Please provide us with any reasons you have to think that this coin will be a success.

Thanks for taking the time to read the thread before posting this time.

My quick sarcy response to that would normally be "well then ParkByte has a better potentional than other altcoins out there"

However here is a better response

I have worked for a leading parking machine manufacturer for 5 years, so I do have contacts.

I am not however like Homero Garza, claiming to have partnerships etc when i do not.

Therefore, there are no contracts, contacts, support or anything for this coin at this time.

It is merely an idea that people have the opportunity to speculate on, no one is forcing their hand.

The premine will be to pay for Development work

EDIT: sorry missed this point

Quote
- an idea for a software system that would cost $100,000 to build an alpha version.

The $100k to build you talk about, I assume you are talking about the server backend, the majority of this won't come from the coin.

The idea is that the coin provides basic framework, ease of integration and generically useable worldwide, think of this as the Blockchain.info but targeted specifically at paying to park your car.

It will then be upto the "Providers" to do the $100k work. I would then see some sort of marketplace opening up, where dev's make addons, plugins, themes etc, similar to the CMS used these days.




But if "providers" wanted to make a $100k server backend to do this, why wouldn't they just do it for bitcoin?

I really like this idea but I'm not sure why there needs to be a new coin to implement it.
full member
Activity: 217
Merit: 125
OP Updated

LAUNCH DATE: 7th May 2015
full member
Activity: 217
Merit: 125
Let's look at what we have here.

- clone coin
- a cool idea
- no support from any car park company in the business
- no support from any current car park system
- an anonymous dev/s making it impossible to judge their abilities to do such a thing
- basically free PoS coins.
- a premine.
- an idea for a software system that would cost $100,000 to build an alpha version.

My marketcap value estimate = $500 = 2 BTC. How much would you pay to get in on this coin?


My advice, do more planning, get connections, come back next year and try again.





I like this idea. Please provide us with any reasons you have to think that this coin will be a success.

Thanks for taking the time to read the thread before posting this time.

My quick sarcy response to that would normally be "well then ParkByte has a better potentional than other altcoins out there"

However here is a better response

I have worked for a leading parking machine manufacturer for 5 years, so I do have contacts.

I am not however like Homero Garza, claiming to have partnerships etc when i do not.

Therefore, there are no contracts, contacts, support or anything for this coin at this time.

It is merely an idea that people have the opportunity to speculate on, no one is forcing their hand.

The premine will be to pay for Development work

EDIT: sorry missed this point

Quote
- an idea for a software system that would cost $100,000 to build an alpha version.

The $100k to build you talk about, I assume you are talking about the server backend, the majority of this won't come from the coin.

The idea is that the coin provides basic framework, ease of integration and generically useable worldwide, think of this as the Blockchain.info but targeted specifically at paying to park your car.

It will then be upto the "Providers" to do the $100k work. I would then see some sort of marketplace opening up, where dev's make addons, plugins, themes etc, similar to the CMS used these days.


newbie
Activity: 17
Merit: 0
Let's look at what we have here.

- clone coin
- a cool idea
- no support from any car park company in the business
- no support from any current car park system
- an anonymous dev/s making it impossible to judge their abilities to do such a thing
- basically free PoS coins.
- a premine.
- an idea for a software system that would cost $100,000 to build an alpha version.

My marketcap value estimate = $500 = 2 BTC. How much would you pay to get in on this coin?


My advice, do more planning, get connections, come back next year and try again.





I like this idea. Please provide us with any reasons you have to think that this coin will be a success.
newbie
Activity: 17
Merit: 0
Simple app, no worries there. The hardest part will be convincing a parking company to accept highly volatile crypto. If it can be automatically converted to fiat for them, I think they might do it. Especially if they don't have a parking app already and you come to them with a slick easy to use interface.

60 day POW is a scam though

Convincing the parking companies would be down to the "PZB Processors", I would suggest a path like PZB to BTC, BTC to Bitpay,  Bitpay to Fiat.

Agreed, highly volatile crypto is risky and why should they accept it? Because sooner or later, with all the regulations coming out and crypto's increasing user base, ideas like this will flourish and old technology will die Smiley

60 day POW isn't a scam, just the coin spec, if 60day POW is a scam then I am sure you wont like the fact there will be a premine too.

Premine for what?
full member
Activity: 217
Merit: 125
Simple app, no worries there. The hardest part will be convincing a parking company to accept highly volatile crypto. If it can be automatically converted to fiat for them, I think they might do it. Especially if they don't have a parking app already and you come to them with a slick easy to use interface.

60 day POW is a scam though

Convincing the parking companies would be down to the "PZB Processors", I would suggest a path like PZB to BTC, BTC to Bitpay,  Bitpay to Fiat.

Agreed, highly volatile crypto is risky and why should they accept it? Because sooner or later, with all the regulations coming out and crypto's increasing user base, ideas like this will flourish and old technology will die Smiley

60 day POW isn't a scam, just the coin spec, if 60day POW is a scam then I am sure you wont like the fact there will be a premine too.
hero member
Activity: 714
Merit: 500
@kryptographer
Simple app, no worries there. The hardest part will be convincing a parking company to accept highly volatile crypto. If it can be automatically converted to fiat for them, I think they might do it. Especially if they don't have a parking app already and you come to them with a slick easy to use interface.

60 day POW is a scam though
full member
Activity: 217
Merit: 125
So when will this coin launch?

Within the next week, I will give a firm date tomorrow.
hero member
Activity: 714
Merit: 500
So when will this coin launch?
full member
Activity: 217
Merit: 125
Provide scans of contracts with the car park companies that are on board with this idea. Otherwise, stop wasting peoples time with a coin thats never going to do anything. Also provide proof that you have the capability to program such an app.

Provide proof you have an IQ above 65.

Another one? stop please

OMG a coin for parking your car? WTF.  Huh

Yes remember crypto is all about freedom. Oh wait no it's not. it's about the opinion of jackasses like this poster.

I expected people like these anyway, it is not their fault. I think people who post posts like these have probably been left holding a bag in the past and now every coin is just a scam or whatever.

Obviously this has and always will be the Dev's fault, you know because the dev did not do the research for them and then read them his findings.

Instead they probably blindly invested in a coin, didn't understand its intended use (real life use, a novelty coin or just an outright pump and dump coin) but put BTC in it when it was being pumped.

Top Tip, if you cannot be bothered to read, use some sort of text to speech addon



hero member
Activity: 994
Merit: 503
Provide scans of contracts with the car park companies that are on board with this idea. Otherwise, stop wasting peoples time with a coin thats never going to do anything. Also provide proof that you have the capability to program such an app.

Provide proof you have an IQ above 65.
hero member
Activity: 994
Merit: 503
Another one? stop please

OMG a coin for parking your car? WTF.  Huh

Yes remember crypto is all about freedom. Oh wait no it's not. it's about the opinion of jackasses like this poster.
full member
Activity: 217
Merit: 125

It is a short POW, currently its looking like a 60day POW/POS then 100% POS
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