Topic: [PRO] PAYPROCOIN - page 55. (Read 138197 times)

Where is information about the school project?

The community has been over this a few times. The dev needs it for the schools project. He already sent half of the premine to an unallocated address.

Recommends that the COINS of 40 million pre digging public sale.
Facts have proved.The effect of free distribution is very poor.

Where I can see how this allocation is 40 million premine?

A question worth pondering.
BTC experience turmoil but still do not decline.
LTC experience a setback cannot climb up.
Why is that?
Say what algorithm and technology, the problem should not here.

Yes, my calculations are in line with that too. And I agree that the premine is ridiculous.

The coin was launched on 14 June, since then roughly 44 days have passed, so the total number of mined coins since then is approx. 44*24*60/5*1000 = 12672000, let's say 13 millions.

If you take in consideration the 40 million premined coins, then it's 53 million.

If you see any mistake in my calculations, please tell me. The coin seemed promising, but when I saw the insane amount of premine, I decided to stay away from it.

This volume also will be the top 10 in Mintpal.

Come on.Vote in mintpal.

https://www.mintpal.com/voting#PRO

Quickly.Bullish on you.

This volume is very good.C - CE exchange reliable?Business seems not long time.

TOp, 27-28 BTC volume on C-Cex, very good sign of PRO

Really appreciate the response - thank you - and welcome other independent opinions regarding the questions above.

None of the issues you mention have raised any significant concern except the pre-mine.  The dev mentioned that they need a large pre-mine in order to be able to do their schools project. The pre-mine was the only thing hampering the coin so far. The dev decided to send half of the pre-mine to a made up address a few days ago. This should alleviate some of the concerns of a dev dump. The other issue raised so far was the concern of inflation. Mining will continue in perpetuity at 1000 Pro per 5 minutes. Concerns were raised that without an end number of coins or without rewards becoming less at some point, "printing more money" will cause an inflation effect. Compare that to BTC today - imagine the effect if at current price a new 1000 BTC was added to the system with every block.

Other than this PayPro is one of the few coins with identified dev team and working on plausible real life use cases which immediately places it in the top 5% of coins with future value imo. The price is low now, but once real life services starts to land, the price will follow.

Best to talk to the dev about future plans, however he did mention some a few posts back that they are working towards to have implemented by Dec 2014. PayPro is therefore not pump and dump, but something to hold for the long term as and when real life services kick in.

Does anyone know how many coins are in circulation right now? Thanks!

question from a noob on this coin to others who've been more closely following it:
could anyone summarise what's special about it?

were basic aspects ready at launch - wallet, blockexplorer, website, whitepaper and/or features, etc. - or is the [ANN] promise-heavy?
have the devs delivered on their promises?
Any hidden problems -
premines?
instamines?
well distributed? is there a rich list?
buggy code?
are these are hard core programmers, not "copy-paste" devs or middlemen? When bugs/fork challenge pop up, are they fixed quickly?
dev squabbles?
dev complacency?
missed deadlines?
Is the entirte dev team anonymous -- and even if so, does it at least have a solid reputation here on bitcointalk?
How does the coin production/distribution setup provide insulation from the risk of massive miner/whale dumps? Is there an estimate out there of the max # of daily BTC trading volume that might be needed to absorb mined coins?
Anything to worry about?

When is the next significant development update (code, screenshots and/or whitepaper/proof-of-concept or something else?) expected to come out?

PRO has seen lots of trading volume and hype over at C-CEX. Are we ready to be picked up by Bittrex, Mintpal, Cryptsy or Poloniex? Has the team been in talks with any of them?

http://www.payprocoin.com/

And Bitcoin wasn't in the early stages?

Forget everything you know about other coins.

Open your mind.

30 years ago there were no computers...

There are 8 billion people on this planet today

In 30 years from now people could have ditched their expensive, rip off banks and everyone wants a altcoin!
Should we all share a % of a few coins or have enough for everyone you use?

PayPro is aiming to become a serious payment option online and in shops in future years.

Kind Regards
Darren Palmer

Well why didn't you say so!

Both projects were not completed before we said good bye to our head developer and after consultation with the new developer teams - it was decided that it is more important to finish laying the foundations of PayProCoin before the projects could grow properly.

A full update on all the projects , updates, news and what the developers and admin teams are doing is always just a click away @
www.payprocoin.com

All projects + more will be completed - bigger - better - stronger (so tempted to put harder - there, done it now).

this all looks very good apart from the 1000 block rewards forever ..


although the effective annual inflation rate diminishes over time. this could have been acheived without such volume of coin

5th year will be 20%  - total 525,600,000
10th years it will be 10% - total 1,051,200,000
15th year will be 6.66% -  total 1,576,800,000
20th year will be 5% - total 2,102,400,000 coins