[PRO] PAYPROCOIN - page 67. | Bitcointalksearch.org

ctya

member

Activity: 297

Merit: 30

Quote from: PayProCoin on July 09, 2014, 02:24:22 PM

ANNOUNCEMENT 1:

After weeks of negotiations, we are excited to announce that PayProCoin have struck a deal with a well known gift card company to allow us to ...

Add a PayProCoin wallet with every digital card purchased
Add a PayProCoin paper wallet with every physical card purchased

On either occasion PayProCoin will add a small faucet amount to the wallet and a link to our PayProGift website (to be ann).
Also the card sender will be able to add funds to the wallet easily.

We expect this service to be available to the public before this Christmas and will announce the launch of PayProGift on this thread in the very near future.

Our partner in this service has requested it is allowed to announce the service officially and publicly when the service is up and running later this year.

ANNOUNCEMENT 2:

PayProCoin is also pleased to announce the start of our college and university project on Friday 11th July 2014.
Students and teachers will be able to register themselves and their schools for inclusion to the projects first event this Christmas.

Very exciting progress Darren and team.
Keep up this great work!

ctya

member

Activity: 297

Merit: 30

Quote from: notsoshifty on July 09, 2014, 04:53:39 PM

Quote from: ctya on July 09, 2014, 04:47:34 PM

But we can't grant your premise because it is complete contradicting in two statements:

First, you are saying that there is a total of 290 Million through block 630000 after which no coins can be mined.
Next you admit that there is a bug in the code which does not prevent the mining to continue after block 630000.

So you are correct that the halving bug does indeed exist in PayProCoin and does not exist in Bitcoin.
You are not correct about the subsidy count because there is still plenty of time left in the coin to fix the end date of mining, which was announced in the OP as decades.
We are all certain that the code updates that follow between now and decades will allow us to mine Billions of coins as stated in the OP.

So you will just have to wait to find out about the dev team's production efforts. But calling them a scam or incompetent based on something that may or may not occur years from now is quite unfair.

I will add that based on Darren's professionalism so far on this forum and everywhere else on the planet, you sound like a crazy person when you throw such weak scam accusations.

The next sound you heard will be the rest of this forum clicking the ignore link under your profile.

First off, let's ignore the halving bug. It would certainly be fixed long before it becomes an issue, and so is almost totally irrelevant.

The important points are:
- The development team claims that the maximum number of coins is 8 billion, and that the premine of 80 million is 1% of this
- Ignoring the halving bug, the code clearly shows that the maximum number of coins is 290 million, and the premine would be 27% of this. If we weren't to ignore the halving bug for some reason, then the number of coins has no limit.

I am not calling the team scammers. I am instead asking them to explain why they state that the maximum number of coins is 8 billion, when according to the code it is actually 290 million (or infinity, with the bug not fixed).

You are again contradicting yourself.

You say you are not calling the team scammers, but quoting yourself as writing "Should we conclude you are incompetent, or outright scammers?"

notsoshifty

sr. member

Activity: 378

Merit: 250

Quote from: poppys on July 09, 2014, 04:51:18 PM

The autism is strong with this one.

Is it not relevant that the premine is claimed as being 1%, but actually appears to be 27%? I don't see why Darren can't explain how the figure of 1% is reached, i.e. how the figure of 8 billion total coins is reached, when the code shows a maximum of 290 million coins (or infinity, if the bug isn't fixed, which it clearly would be).

notsoshifty

sr. member

Activity: 378

Merit: 250

Quote from: ctya on July 09, 2014, 04:47:34 PM

But we can't grant your premise because it is complete contradicting in two statements:

First, you are saying that there is a total of 290 Million through block 630000 after which no coins can be mined.
Next you admit that there is a bug in the code which does not prevent the mining to continue after block 630000.

So you are correct that the halving bug does indeed exist in PayProCoin and does not exist in Bitcoin.
You are not correct about the subsidy count because there is still plenty of time left in the coin to fix the end date of mining, which was announced in the OP as decades.
We are all certain that the code updates that follow between now and decades will allow us to mine Billions of coins as stated in the OP.

So you will just have to wait to find out about the dev team's production efforts. But calling them a scam or incompetent based on something that may or may not occur years from now is quite unfair.

I will add that based on Darren's professionalism so far on this forum and everywhere else on the planet, you sound like a crazy person when you throw such weak scam accusations.

The next sound you heard will be the rest of this forum clicking the ignore link under your profile.

First off, let's ignore the halving bug. It would certainly be fixed long before it becomes an issue, and so is almost totally irrelevant.

The important points are:
- The development team claims that the maximum number of coins is 8 billion, and that the premine of 80 million is 1% of this
- Ignoring the halving bug, the code clearly shows that the maximum number of coins is 290 million, and the premine would be 27% of this. If we weren't to ignore the halving bug for some reason, then the number of coins has no limit.

I am not calling the team scammers. I am instead asking them to explain why they state that the maximum number of coins is 8 billion, when according to the code it is actually 290 million (or infinity, with the bug not fixed).

poppys

full member

Activity: 238

Merit: 100

Quote from: notsoshifty on July 09, 2014, 04:07:37 PM

Quote from: ctya on July 09, 2014, 03:51:02 PM

Quote from: notsoshifty on July 09, 2014, 03:17:30 PM

Do you have any feedback from the head developer yet on this point about the total number of coins?

Are you really trolling about a halving bug that won't affect the coin for years?
The source code is constantly being developed and patches will make their way into the code as priorities permit.

Calling someone a scammer because their posted software repository has an irrelevant bug really isn't fair.
Point out the bug in a PM and give him a chance to patch it before it causes problems. For this particular bug, the problem would not arise until much later than now.

No, I'm not. You can find the full conversation in the bittrex thread (https://bitcointalksearch.org/topic/m.7740789).

I'm calling out the PayPro development team on their claim that the total number of coins is 8 billion, and the premine of 80 million is a reasonable 1% of this, whereas the source code clearly shows that the total number of coins will be 290 million, with the premine of 80 million being over 27% of this. Darren stated he would check with the head developer about this discrepancy.

The halving bug (which means there is no limit to the number of coins mined) would clearly be fixed long before it had any impact, and so is not relevant to the point in question. For all practical purposes, the maximum number of coins with the current codebase is 290 million.

EDIT: my question "Are you really trying to get out on this technicality? Should we conclude you are incompetent, or outright scammers?" was due to Darren's response at one point of "If your stating that 'without limit' ... then 8 billion coins must be reachable?" as if the halving bug someone justifies the claim that the total number of coins is 8 billion.

The autism is strong with this one.

ctya

member

Activity: 297

Merit: 30

Quote from: notsoshifty on July 09, 2014, 04:07:37 PM

Quote from: ctya on July 09, 2014, 03:51:02 PM

Quote from: notsoshifty on July 09, 2014, 03:17:30 PM

Do you have any feedback from the head developer yet on this point about the total number of coins?

Are you really trolling about a halving bug that won't affect the coin for years?
The source code is constantly being developed and patches will make their way into the code as priorities permit.

Calling someone a scammer because their posted software repository has an irrelevant bug really isn't fair.
Point out the bug in a PM and give him a chance to patch it before it causes problems. For this particular bug, the problem would not arise until much later than now.

No, I'm not. You can find the full conversation in the bittrex thread (https://bitcointalksearch.org/topic/m.7740789).

I'm calling out the PayPro development team on their claim that the total number of coins is 8 billion, and the premine of 80 million is a reasonable 1% of this, whereas the source code clearly shows that the total number of coins will be 290 million, with the premine of 80 million being over 27% of this. Darren stated he would check with the head developer about this discrepancy.

The halving bug (which means there is no limit to the number of coins mined) would clearly be fixed long before it had any impact, and so is not relevant to the point in question. For all practical purposes, the maximum number of coins with the current codebase is 290 million.

EDIT: my question "Are you really trying to get out on this technicality? Should we conclude you are incompetent, or outright scammers?" was due to Darren's response at one point of "If your stating that 'without limit' ... then 8 billion coins must be reachable?" as if the halving bug someone justifies the claim that the total number of coins is 8 billion.

But we can't grant your premise because it is complete contradicting in two statements:

First, you are saying that there is a total of 290 Million through block 630000 after which no coins can be mined.
Next you admit that there is a bug in the code which does not prevent the mining to continue after block 630000.

So you are correct that the halving bug does indeed exist in PayProCoin and does not exist in Bitcoin.
You are not correct about the subsidy count because there is still plenty of time left in the coin to fix the end date of mining, which was announced in the OP as decades.
We are all certain that the code updates that follow between now and decades will allow us to mine Billions of coins as stated in the OP.

So you will just have to wait to find out about the dev team's production efforts. But calling them a scam or incompetent based on something that may or may not occur years from now is quite unfair.

I will add that based on Darren's professionalism so far on this forum and everywhere else on the planet, you sound like a crazy person when you throw such weak scam accusations.

The next sound you heard will be the rest of this forum clicking the ignore link under your profile.

notsoshifty

sr. member

Activity: 378

Merit: 250

Quote from: ctya on July 09, 2014, 03:51:02 PM

Quote from: notsoshifty on July 09, 2014, 03:17:30 PM

Do you have any feedback from the head developer yet on this point about the total number of coins?

Are you really trolling about a halving bug that won't affect the coin for years?
The source code is constantly being developed and patches will make their way into the code as priorities permit.

Calling someone a scammer because their posted software repository has an irrelevant bug really isn't fair.
Point out the bug in a PM and give him a chance to patch it before it causes problems. For this particular bug, the problem would not arise until much later than now.

No, I'm not. You can find the full conversation in the bittrex thread (https://bitcointalksearch.org/topic/m.7740789).

I'm calling out the PayPro development team on their claim that the total number of coins is 8 billion, and the premine of 80 million is a reasonable 1% of this, whereas the source code clearly shows that the total number of coins will be 290 million, with the premine of 80 million being over 27% of this. Darren stated he would check with the head developer about this discrepancy.

The halving bug (which means there is no limit to the number of coins mined) would clearly be fixed long before it had any impact, and so is not relevant to the point in question. For all practical purposes, the maximum number of coins with the current codebase is 290 million.

EDIT: my question "Are you really trying to get out on this technicality? Should we conclude you are incompetent, or outright scammers?" was due to Darren's response at one point of "If your stating that 'without limit' ... then 8 billion coins must be reachable?" as if the halving bug someone justifies the claim that the total number of coins is 8 billion.

ctya

member

Activity: 297

Merit: 30

Quote from: notsoshifty on July 09, 2014, 03:17:30 PM

Quote from the bittrex delist thread:

Quote from: notsoshifty on July 08, 2014, 05:21:19 PM

Quote from: PayProCoin on July 08, 2014, 05:09:26 PM

Quote from: notsoshifty on July 08, 2014, 04:42:59 PM

Are you really trying to get out on this technicality? Should we conclude you are incompetent, or outright scammers?

Every 64 years a bug in the block halving code will cause another 290 million coins to be mined. This bug has already been fixed in Bitcoin (despite it not affecting that coin for another 200+ years) and can clearly be fixed in PayPro very easily. Without a fix, the total number of coins is not 8 billion, it is infinite (with obvious caveats about 64 bit storage of numbers). With a fix, the total number of coins is not 8 billion, it is 290 million.

I ask again, what is your basis for stating that the total number of coins is 8 billion? If 8 billion total, what is the expected number of coins as a function of time (or block number), and why isn't that reflected in the code?

Im the CEO, not a programmer - but with your second explanation i understand what you are trying to get across better.

Our head dev came with outstanding references which we checked and his work has been faultless on every project we give him and his team.
When we set the volume I was assured there would be no problem and after you brought this issue up before... was assured again there is no issue.

If there is something you did not understand when speaking directly to our developer I would be more than happy to set up a 3 way meeting as suggested earlier.

If you decline this offer, I will still put your posts here to him and post my findings.

Kind Regards
Darren

To be honest, my only issue is the disagreement between the code and the communication coming from the PayPro team, rather than a lack of understanding of the code (which is quite clear). In the interests of transparency and full disclosure of information to investors / potential investors, I'd rather keep discussions on a public forum rather than a private meeting. But yes, please post the findings either here or a less heavily moderated thread that the main PayPro one.

Do you have any feedback from the head developer yet on this point about the total number of coins?

Are you really trolling about a halving bug that won't affect the coin for years?
The source code is constantly being developed and patches will make their way into the code as priorities permit.

Calling someone a scammer because their posted software repository has an irrelevant bug really isn't fair.
Point out the bug in a PM and give him a chance to patch it before it causes problems. For this particular bug, the problem would not arise until much later than now.

notsoshifty

sr. member

Activity: 378

Merit: 250

Quote from the bittrex delist thread:

Quote from: notsoshifty on July 08, 2014, 05:21:19 PM

Quote from: PayProCoin on July 08, 2014, 05:09:26 PM

Quote from: notsoshifty on July 08, 2014, 04:42:59 PM

Are you really trying to get out on this technicality? Should we conclude you are incompetent, or outright scammers?

Every 64 years a bug in the block halving code will cause another 290 million coins to be mined. This bug has already been fixed in Bitcoin (despite it not affecting that coin for another 200+ years) and can clearly be fixed in PayPro very easily. Without a fix, the total number of coins is not 8 billion, it is infinite (with obvious caveats about 64 bit storage of numbers). With a fix, the total number of coins is not 8 billion, it is 290 million.

I ask again, what is your basis for stating that the total number of coins is 8 billion? If 8 billion total, what is the expected number of coins as a function of time (or block number), and why isn't that reflected in the code?

Im the CEO, not a programmer - but with your second explanation i understand what you are trying to get across better.

Our head dev came with outstanding references which we checked and his work has been faultless on every project we give him and his team.
When we set the volume I was assured there would be no problem and after you brought this issue up before... was assured again there is no issue.

If there is something you did not understand when speaking directly to our developer I would be more than happy to set up a 3 way meeting as suggested earlier.

If you decline this offer, I will still put your posts here to him and post my findings.

Kind Regards
Darren

To be honest, my only issue is the disagreement between the code and the communication coming from the PayPro team, rather than a lack of understanding of the code (which is quite clear). In the interests of transparency and full disclosure of information to investors / potential investors, I'd rather keep discussions on a public forum rather than a private meeting. But yes, please post the findings either here or a less heavily moderated thread that the main PayPro one.

Do you have any feedback from the head developer yet on this point about the total number of coins?

paypropool.com

newbie

Activity: 29

Merit: 0

Quote from: PayProCoin on July 09, 2014, 02:24:22 PM

ANNOUNCEMENT 1:

After weeks of negotiations, we are excited to announce that PayProCoin have struck a deal with a well known gift card company to allow us to ...

Add a PayProCoin wallet with every digital card purchased
Add a PayProCoin paper wallet with every physical card purchased

On either occasion PayProCoin will add a small faucet amount to the wallet and a link to our PayProGift website (to be ann).
Also the card sender will be able to add funds to the wallet easily.

We expect this service to be available to the public before this Christmas and will announce the launch of PayProGift on this thread in the very near future.

Our partner in this service has requested it is allowed to announce the service officially and publicly when the service is up and running later this year.

ANNOUNCEMENT 2:

PayProCoin is also pleased to announce the start of our college and university project on Friday 11th July 2014.
Students and teachers will be able to register themselves and their schools for inclusion to the projects first event this Christmas.

Congratulations Darren on these achievements. Your track record makes us easily optimistic that you will hit all of the targets on your PRO roadmap.
Cheers!

PayProCoin

sr. member

Activity: 294

Merit: 250

ANNOUNCEMENT 1:

After weeks of negotiations, we are excited to announce that PayProCoin have struck a deal with a well known gift card company to allow us to ...

Add a PayProCoin wallet with every digital card purchased
Add a PayProCoin paper wallet with every physical card purchased

On either occasion PayProCoin will add a small faucet amount to the wallet and a link to our PayProGift website (to be ann).
Also the card sender will be able to add funds to the wallet easily.

We expect this service to be available to the public before this Christmas and will announce the launch of PayProGift on this thread in the very near future.

Our partner in this service has requested it is allowed to announce the service officially and publicly when the service is up and running later this year.

ANNOUNCEMENT 2:

PayProCoin is also pleased to announce the start of our college and university project on Friday 11th July 2014.
Students and teachers will be able to register themselves and their schools for inclusion to the projects first event this Christmas.

SHossain

member

Activity: 112

Merit: 10

Quote from: paypropool.com on July 09, 2014, 10:58:13 AM

.... shall we do it again?

YES Please!!!

paypropool.com

newbie

Activity: 29

Merit: 0

Quote from: Stinky_Pete on July 09, 2014, 08:54:20 AM

Quote from: paypropool.com on July 09, 2014, 12:26:37 AM

Quote from: paypropool.com on July 09, 2014, 12:07:09 AM

Quote from: tylerderden on July 08, 2014, 07:09:28 PM

so whats going down on our coin here? i quit mining a bit ago just pondering hitting it again?

Come mine at PayProPool!

High performance, load balanced mining farm
PROP (proportional) pool system. Equal payout for equal shares.
Fast payouts after 32 confirmations
Automatic miner difficulty adjustments each 30s
Professional data center and responsive admins
Low 0.5% fee : supports pool operations and development

http://paypropool.com

We just gave 100 PRO to each mining address at our pool!

I was wondering where that came from

.... shall we do it again?

Stinky_Pete

hero member

Activity: 560

Merit: 500

Quote from: paypropool.com on July 09, 2014, 12:26:37 AM

Quote from: paypropool.com on July 09, 2014, 12:07:09 AM

Quote from: tylerderden on July 08, 2014, 07:09:28 PM

so whats going down on our coin here? i quit mining a bit ago just pondering hitting it again?

Come mine at PayProPool!

High performance, load balanced mining farm
PROP (proportional) pool system. Equal payout for equal shares.
Fast payouts after 32 confirmations
Automatic miner difficulty adjustments each 30s
Professional data center and responsive admins
Low 0.5% fee : supports pool operations and development

http://paypropool.com

We just gave 100 PRO to each mining address at our pool!

I was wondering where that came from

PayProCoin

sr. member

Activity: 294

Merit: 250

@PayProCoin

https://twitter.com/PayProCoin

paypropool.com

newbie

Activity: 29

Merit: 0

Quote from: paypropool.com on July 09, 2014, 12:07:09 AM

Quote from: tylerderden on July 08, 2014, 07:09:28 PM

so whats going down on our coin here? i quit mining a bit ago just pondering hitting it again?

Come mine at PayProPool!

High performance, load balanced mining farm
PROP (proportional) pool system. Equal payout for equal shares.
Fast payouts after 32 confirmations
Automatic miner difficulty adjustments each 30s
Professional data center and responsive admins
Low 0.5% fee : supports pool operations and development

http://paypropool.com

We just gave 100 PRO to each mining address at our pool!

paypropool.com

newbie

Activity: 29

Merit: 0

Quote from: tylerderden on July 08, 2014, 07:09:28 PM

so whats going down on our coin here? i quit mining a bit ago just pondering hitting it again?

Come mine at PayProPool!

High performance, load balanced mining farm
PROP (proportional) pool system. Equal payout for equal shares.
Fast payouts after 32 confirmations
Automatic miner difficulty adjustments each 30s
Professional data center and responsive admins
Low 0.5% fee : supports pool operations and development

http://paypropool.com

tylerderden

copper member

Activity: 1162

Merit: 1025

so whats going down on our coin here? i quit mining a bit ago just pondering hitting it again?

portice

legendary

Activity: 999

Merit: 1000

Bittrex loves tweets it seems. Honestly, I'd prefer Bittrex over Mint or Crypsty. My experience with Bittrex has been topnotch ever since they have opened, and I am glad they are doing some decent volume now.

And thank you Paypro for the proofread bounty

.

PayProCoin

sr. member

Activity: 294

Merit: 250

Fellow Pros

Show some support and leave a reply to our Bittrex ANN here

https://bitcointalksearch.org/topic/m.7735626

Ty
Darren

Topic: [PRO] PAYPROCOIN - page 67. (Read 138175 times)