Topic: [PRE][ANN][JONES|SCRYPT| LAUNCH POSTPONED| - page 8. (Read 32515 times)
With 30 minutes to launch?
129,999 coins as a premine seems excessive, with the low per block rewards.
Total coins from POW are a maximum of 1.82M, which puts the premine at 7% of POW. Less than that of the total for POW+POS, but it's still a large chunk.
Total coins from POW are a maximum of 1.82M, which puts the premine at 7% of POW. Less than that of the total for POW+POS, but it's still a large chunk.
Whats your recommendation as I value your expertise. much respect IPOMiner.
I'd love to see some sort of code-based scheduled payment over time, instead of a lump sum all up front. Having developers sitting on a large chunk of coins (>10% of the first 1000 blocks in this case), right when trading is likely to start and hit at least a local peak, is what concerns most miners/traders about premines.
Barring a code-based solution, which may be difficult to achieve in a short time, the common solution would be to escrow the premine if you feel that amount is needed.
So should I rent some hash or not?
No not yet, Lets get everyone on board. We don't want to launch without everyone on the same page on specs. We have Mega Big developments but do want everyones approval first before continuing.
129,999 coins as a premine seems excessive, with the low per block rewards.
Total coins from POW are a maximum of 1.82M, which puts the premine at 7% of POW. Less than that of the total for POW+POS, but it's still a large chunk.
Total coins from POW are a maximum of 1.82M, which puts the premine at 7% of POW. Less than that of the total for POW+POS, but it's still a large chunk.
We came to 4.77% in total
So should I rent some hash or not?
Is release still planned to be on time or will it be delayed?
Everyones working hard and testing pos to ensure things won't break for a smooth launch. We are leaving the specs the way they are as development cost are real and the community will need bounties for articles, promotions and marketing. Block-chain jobs are required for master-nodes, seeds, master traders, anonymous attributes and feature development all of which is ongoing and requires talented programmers to be re-imbursed and continuously working.
If you do not understand that than move on to another short lived coin. We won't blame you, as you will always be welcomed backed later on once you see our coins performance!
We have decided to remove the development fund that was intended for us and we will work for free on this coin to establish our name. Those coins will be offered up for sale to the community for those that wish to purchase them at a discounted rate. All unsold coins will be destroyed. 43,333 are available. Will post detail shortly.
you know masternodes themselves pay the hoster, everyone turns into a seed node, and master trader market makers im sure dont need to be purchased they make their own money, feature development comes at a cost sure if your going to be outsourcing the development which may detract value.
129,999 coins as a premine seems excessive, with the low per block rewards.
Total coins from POW are a maximum of 1.82M, which puts the premine at 7% of POW. Less than that of the total for POW+POS, but it's still a large chunk.
Total coins from POW are a maximum of 1.82M, which puts the premine at 7% of POW. Less than that of the total for POW+POS, but it's still a large chunk.
Whats your recommendation as I value your expertise. much respect IPOMiner.
Jarvis, can you explain why you went away for 1+year? I'm just checking out your post history and I'm questioning whether this account has been bought off or not.
Over a year ago a coin was created that scammed the community and everyone was looking for a developer to restore it. I stepped up to the plate and restored it for the community. It wasn't long before the previous scamming developer sent attack trolls my way and began harassing me everywhere with personal life threatening attacks. So I offered to pass the development over to a new dev and provide support, but no one stepped up to the plate. I have since been planing a coin launch of my own and here we are today.
Hmm... It doesn't seem plausible from my p.o.v. Can you provide any proof that you were harrassed and threatened by other members? I don't mean to be rude, but there's been way too many scams lately...
Def. don't want a repeat of CLUSTER again.
Is release still planned to be on time or will it be delayed?
Everyones working hard and testing pos to ensure things won't break for a smooth launch. We are leaving the specs the way they are as development cost are real and the community will need bounties for articles, promotions and marketing. Block-chain jobs are required for master-nodes, seeds, master traders, anonymous attributes and feature development all of which is ongoing and requires talented programmers to be re-imbursed and continuously working.
If you do not understand that than move on to another short lived coin. We won't blame you, as you will always be welcomed backed later on once you see our coins performance!
We have decided to remove the development fund that was intended for us and we will work for free on this coin to establish our name. Those coins will be offered up for sale to the community for those that wish to purchase them at a discounted rate. All unsold coins will be destroyed. 43,333 are available. Will post detail shortly.
less that an hour left for the launch hope you guys warmed up your miners it going to be a crazy 1 week.
129,999 coins as a premine seems excessive, with the low per block rewards.
Total coins from POW are a maximum of 1.82M, which puts the premine at 7% of POW. Less than that of the total for POW+POS, but it's still a large chunk.
Total coins from POW are a maximum of 1.82M, which puts the premine at 7% of POW. Less than that of the total for POW+POS, but it's still a large chunk.
then let the community mine it... there is no community yet. no community to escrow or multi sig it.. theres a developer who will hold a premine and has typed a plan to give those coins to community.
Fair enough. Than how do we pay for basic development cost like nodes, sites, marketing, programing ect?
With premine you give investors and miners too high risk. If you are good developer people will support you.
lol man you said no ipo no premine those arent our words they're yours. i cant tell you how to pay for things ive never run a coin. you as someone who is coming with an announce thread and launching in 1 hour should have:
nodes
sites
programming
done as a sunk cost.
marketing is community involvement and is free in many cases (articles, twitter followers, people willing to push your coin if its reasonable)
*edit if you have a large idea that needs funding then that should be apparent
nodes
sites
programming
done as a sunk cost.
marketing is community involvement and is free in many cases (articles, twitter followers, people willing to push your coin if its reasonable)
*edit if you have a large idea that needs funding then that should be apparent
then let the community mine it... there is no community yet. no community to escrow or multi sig it.. theres a developer who will hold a premine and has typed a plan to give those coins to community.
Fair enough. Than how do we pay for basic development cost like nodes, sites, marketing, programing ect?
It's called investing. Develop a community and the community will take care of marketing.
Is release still planned to be on time or will it be delayed?
Jarvis, can you explain why you went away for 1+year? I'm just checking out your post history and I'm questioning whether this account has been bought off or not.
Over a year ago a coin was created that scammed the community and everyone was looking for a developer to restore it. I stepped up to the plate and restored it for the community. It wasn't long before the previous scamming developer sent attack trolls my way and began harassing me everywhere with personal life threatening attacks. So I offered to pass the development over to a new dev and provide support, but no one stepped up to the plate. I have since been planing a coin launch of my own and here we are today.
Hmm... It doesn't seem plausible from my p.o.v. Can you provide any proof that you were harrassed and threatened by other members? I don't mean to be rude, but there's been way too many scams lately...
Def. don't want a repeat of CLUSTER again.
then let the community mine it... there is no community yet. no community to escrow or multi sig it.. theres a developer who will hold a premine and has typed a plan to give those coins to community.
Fair enough. Than how do we pay for basic development cost like nodes, sites, marketing, programing ect?
then let the community mine it... there is no community yet. no community to escrow or multi sig it.. theres a developer who will hold a premine and has typed a plan to give those coins to community.
looks like this is a tribute to the man himself MR Alexander Jones...
you are the resistance
http://Infowars.
*EDIT better not be no fucking premine
you are the resistance
http://Infowars.
*EDIT better not be no fucking premine
NO PREMINE! NO ICO! NO IPO! NO ICO! NO NEGATIVES!
Isn't that a premine?:
Dynamic POW Block Reward (Avg. Est.):
Block 1:
43,333 Community Bounties,
43,333 Block-Chain Jobs,
43,333 Development fund
Yeah what's up with that Jarvis?
How do you want to compensate the community for bounties, outside developers & blockchain jobs like masternodes? Don't you want a long-term project?
By mining, just like the rest of us. It is up to you to make the coin gain value, you can trade accordingly, you have the upper hand, the rest of us will just speculate on what you might be up to.
I used to be a hardcore miner and loved it, so I understand where your coming from, plenty of hard work mining. I value it. There are other factors to consider for this project. There are real cost associated with producing an awesome coin and the community bounty block are not a personal pre-mine as those funds will be in a public address spent just on development. The blockchain jobs go to people like yourself. We can adjust things but I would advice against it. Some people can't afford hardware but have other skillset's that are required for successful project that lasts.
"NO PREMINE! NO ICO! NO IPO! NO ICO! NO NEGATIVES!"
Why did you make this remark earlier? after i read that I made up my mind to give it a go, now you change your stance.
If you must have premine Put it escrow and have them NOT stake a single coin because that pre-mine percentange is going to increase exponentially.
Doesn't sound like you're too confident about your coin since you want to get paid in advance. Take a look at GRAM, latest pre-mine dump scam, too soon for another risk like this.
A developer pre-mine goes to the developer only. The current genesis block goes to the community.
Please remove the premine and let the community decide if they want to help the developers or fund the bounties.
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