Making the FINAL PREPARATIONS for [ANN] + FAIR LAUNCH
BlockChain Explorer tested + working
UPDATED! Preview of PURPLECOIN WEBPAGE is here http://p2pool.neocities.org/PurpleCoin.html
ETA of Official [ANN] is expected to be around April 11, 2014
and Fair Launch should take place around April 13, 2014
48 hrs after the [ANN] has been made....
WALLET
Blockchain Explorer
PROGRESS REPORT:
Linux command-line + QT wallets compiled + tested ........................... PASSED
Windows QT wallet precompiled static binary (x86) + tested ................. PASSED
MAC OSx WALLETS........................................................................ . Not Tested
Genesis Block Created + tested ........................................................ PASSED
Mining Pool Created + tested ........................................................... PASSED
Fair Launch Block 1020 difficulty tested ( will be 2.0 at launch ) ............. PASSED
Tested send, receive, and TX fees...................................................... PASSED
Tested block rewards ...................................................................... PASSED
Tested Kimoto Gravity Well .............................................................. PASSED
Tested PurpleCoin BlockChain Explorer ............................................... PASSED
Source Code will include QT4 .pro files for Linux + Windows Configurations
In addition, there is a .pro file for Fedora (redhat) QT wallet + makefile.fedora for
compiling headless wallet. RedHat distros need openssl-compat-bitcoin libraries
and devel headers installed ( /opt/openssl-compat-bitcoin )
recommend compiling linux/windows QT wallets using QT 4.8.5
a precompiled static x86 windows QT wallet binary will be included
with source code. It was tested on both XP-sp3 x86 & Win7 x64 OSes.
The BLOCKCHAIN has been "deleted" after extensively testing
so fair launch will begin at block 1020 needing to be found.
blocks 1-1019 are being premined now, hashes will be extracted and used
as checkpoints, windows qt binary will be recompiled, and an official
announcement + launch date/time will be made immediately after
the wallets/src code is ready to be released to the public
PurpleCoin ANDROID wallet is being developed, however, it will more than likely be released
in the future, as priority is to focus on finalizing the PurpleCoin website,
and of course, the fair launch itself
Because PurpleCoin virtually has no premine, and Fair Launch will start at 2.0 Difficulty,
there will obviously NOT be any giveways, bounties, etc.
However, the good news is that because of literally only 1 coin premined, a high enough
starting network block difficulty, and small block rewards, when PURPLECOIN gets on
exchanges, there will NOT be large amounts of "dumped" coins
PurpleCoin favors QUALITY, and NOT QUANTITY.
I challenge MINERS to inspect the source code of ALT-COINS before blindly jumping on them...
simply download the source code, and open up the MAIN.CPP file in the SRC folder,
search for nsubsidy....
(nHeight is the variable that represents the BLOCK# that coins are awarded to)
you'll see stuff like this, for example
int64 nSubsidy = 50;
if (nHeight == 1)
nSubsidy = 20000000 * COIN
which translates to BLOCK 1 has a block reward of 20 million coins !!!
other blocks pay only 50 coins
developers claim its for bounties, giveaways, promotions, etc.....
but in reality, that huge premine so often ( almost always ) gets DUMPED on the exchanges....
( aka ScamCoins, Pump-n-Dumps, Sh*tCoins, etc, etc )
So, a coin could be launched with just a few blocks mined by the developers,
leaving you to believe not many coins mined yet based on the block#
but what people don't realize, is that in the src-code, a developer can assign
ANY block he wants, ANY block rewards he wants......
So oh, he launched his coin with only 100 blocks mined ( but you didnt realize he's sitting on 20 Million coins already! )
and even if he does give some away ... well, go figure.....
There's too many sh*tcoins and bot-coins coming out
We ( as miners ) need GOOD alt-coins, not premined, and also more difficult to mine as well
so big miners dont solo mine a fortune when the coin is launched.
The idea is to offer a good quality coin that will bring good trade value, without the threat
of pump-n-dump.
With that said, take it or leave it.