Topic: [PRE][ANN] NGOCoin / ModernCoin (Read 2092 times)

Perhaps you could use receiver files like Devcoin?

That way each NGO could be added to the receiver files and receive NGOCoin payments continously? This would also make it merge mined with Bitcoin giving the coin stability. Also the donation process to the NGOs would then be entirely transparent.

People that support the NGO Coin project in other ways could also go on the receiver files.

There are heaps of possibilities with receiver files that haven't been touched on yet.

You should fork Devcoin but give the coin a hard cap of 100 million coins.

If you do that I'll help support the project (marketing / promoting the coin).

100,000 DVC added

Good morning

In my opinion you are judging us for taking when what we do is give back. Probably your eyes are so set on charts, profit and competition that you can't see beyond that edge. I am sorry to be just as fast as you in judging you back. When so far I've only given and you come and call me ( and the rest of our non-profit voluntary organization) scammers.
We did quite a bit of things for our local community during the half year we've been together. We've received nothing but appreciations so far, including many government authorities, and other NGOs. If you want to bring such accusations to us, while recommending some btc clones in which you are probably invested heavily in,  it can be legally interpreted in many bad ways.
We want this coin to be 0 premine. I hope you understand that 0 is the number zero, and it applies to premining. We own 5mh, combined. Our share is kinda public. Our mining address will be public as well.
We want the coin to have as many features as needed, and as many as decided by the community.
As much as I'd like this coin  to be launched only with Earth unanimity after each one of us agrees on everything, that won't happen. So if you decide not to join us at least have the decency to have patience. Even I don't know where we and the rest of community will take this, so why do you bother calling it a scam ?  Maybe it's better to keep doing the great stuff you've been doing so far. I am really sorry, and I still appreciate your work a lot.

--edited

So basically just another bunch of scammers with their hearts set on making yet another scam, this time using a NGO spiel to try to make it look less scammy than some of the other scams. Sigh.

-MarkM-

We are taking another route. We will slowly be giving birth to it, this is why we brought it on the scene from day one. If we wanted to make a quick profit we would have launched michaeljacksoncoin as an anniverysary coin on the day of his birth, using 0.2BTC on coingen. And we could do that several times over making at least 0.5 btc profit each time we launch a new coin. Just giving an example.
But instead we're trying to create this. As long as the NGOs don't pay for anything I don't see where could they be harmed by our initiative. Especially if you create the coin in such a way that it provides enough security for the network to start gaining traction. Bitcoin was at that stage too not long ago.

You don't need a new coin created, there are too many oins already and there is no gain for the NGOs in taking on all the extra work of spewing out yet another coin with all the negative connotations around that compared to being responsible and conservationist by using an already existing coin. There are plenty of them.

You can do especially well by adding into your merge the coins that most public merged mining pools are not yet including, such as CoiLedCoin and/or GeistGeld. If you go for GeistGeld you also have extremely fast blocks, which some folk seem to think are a really good feature.

Also for an NGO being associated with the pump and dump scam of spawning more and more co(i)ns is not something they should be associated with. They should be using coins that have been around for years not crap that was spun up in just the last few months for the purpose of scamming people.

Really they probably should not be touching anything that does not have major significant hashing power, so maybe IXCoin or I0Coin would be more appropriate, or maybe even I0Coin is too little hashing power. Scamming idiots who just want to get rich quick is one thing, setting out to scam NGOs into throwing their hard earned donations into crappy low hash power scams is just plain evil. Blockchains are insanely expensive, insanely hard to secure. Heck is even IXCoin secure enough? It only has so many petahashes, but at least that is something, unlike any of the coins that have sprung up in the last year or so.

-MarkM-

your feedback is greatly appreciated. how do you think we can achieve the same result? Maybe POS with variable interest? Can a coin be built with both POS and merged-mining? I think that would be awesome for the purpose.

Adjusting the difficulty downward arbitrarily will just lead to horrible mess of orphans. See Liquidcoin, it didn't even go down just stayed the same, it is a disaster.

Also if you want a merged mined coin, take a look at GRouPcoin, non profit groups should fit well with that, it is already out there and established on at least one public merged mining pool.

There are way too many coins already, there are probably lots of them that would fit better than spewing out yet another one.

-MarkM-

We can update it.
The reason for the high number was to make the coin fluctuate less in price and have less bubbles, and create something more like currency. Creating a store of value coin for ngos would work just as well if not better.
I will update the first page with your suggested number.

That's great to hear

If you update the total coins minted I will support the project!

This is why we didnt make the coin first and just ANN our intentions , we hope that we will work as a team in this project

This is a great idea - but there are way too many coins to give this coin any value (and it will need value in order to provide value to the NGO's who use the coin).

I suggest a cap of 1 Billion NGOCoin at the very most.

I think 100 Million would be even better.

Please - do not ruin your great idea by making your coin worthless!

Any coin with many, many billion total minted never reaches any worthwhile value.

Added 100 GridCoins.

GridCoin official thread: https://bitcointalksearch.org/topic/gridcoin-grc-first-coin-utilizing-boinc-official-thread-324118

Thanks PTSeller

Also added the first project we'd like to donate to if things start going, check the first page.

A very good project love the idea this is something better from rest of the coin ! good thing is that 0% premine

Thumbs up  i am in !!!

added to OP coin requirements:
custom diff adjustment for the first three ( or six) months: high at the beginning, getting lower down to 0 diff in three (or six) months, the slowly climbing back up again as with any coin

Our facebook page: https://www.facebook.com/pages/Asociația-Familia-Verde

3000 EarthCoin (EAC) total giveaway / 30 EAC for every wallet posted in channel

freenode #ngocoin

We just want to inform u that we are doing all this giveaways for nothing just to promote an NGO Coin that is not and will be not for us but for the NGO's all over the world

5000 NXT added to ModernCoin