WARP - Something different - VPN Wallet BETA Release - Bittrex/YoBit - page 82.

l8nit3

legendary

Activity: 1007

Merit: 1000

Quote from: shapetwist on January 19, 2016, 03:34:00 AM

Quote from: l8nit3 on January 18, 2016, 08:41:36 PM

Are the deposit addresses generated on your website multi use? I sent two seperate transactions and the balance and coins due only represent my first deposit.
1st deposit (shown on site):
e882eafdc159a8f4b7fa9e16c83b039eb0c260fce5b7d27c205d9101514d2c34
blockhain.info link

2nd deposit (not shown on site) :
2754db3f414ec9a6c494c72847a7813a94934495359a3dd5f9e7268e0d2facc4
blockchain.info link

Hi, I also replied via PM. No bitcoins are lost, but your second transaction is not going to count for the WARP sale.
To avoid this, please use the generated BTC address only once.

BTC deposit addresses are single use. I've added a note on the website.

Super fast PM response from dev, THANK YOU

this is a good sign in my books!

Quote

where is the faucet?

There isnt a faucet for WARP yet as no coins are in the wild. I believe what was meant about faucets was, If you hit BTC faucets for an hour or two, you would have enough BTC to join the crowdsale.

infoNeeded

newbie

Activity: 2

Merit: 0

Quote from: zdeni82 on January 19, 2016, 06:33:14 AM

Quote from: develop7 on January 18, 2016, 11:40:10 PM

Quote

Can you give a giveaway coin dev?

Just hit the faucets for an hour. You'll probably be able to make .5 mBTC.

where is the faucet?

there's a list here, for example: https://www.google.com.br/search?q=bitcoin+faucets&ie=utf-8&oe=utf-8&gws_rd=cr&ei=GS-eVu19hazABOHEkLgO

zdeni82

hero member

Activity: 912

Merit: 505

Quote from: develop7 on January 18, 2016, 11:40:10 PM

Quote

Can you give a giveaway coin dev?

Just hit the faucets for an hour. You'll probably be able to make .5 mBTC.

where is the faucet?

SISAR

hero member

Activity: 651

Merit: 518

Quote from: shapetwist on January 19, 2016, 05:40:36 AM

If the amount raised is clearly not enough to work with and to kickstart an economical environment I will have no choice but to consider the project a failure and return everyone's BTC.

I've figured that out, finaly noticed "Your BTC address (In case of refund)" at http://www.warpcoin.com/presale.html Grin

shapetwist

hero member

Activity: 504

Merit: 502

Quote from: SISAR on January 19, 2016, 05:20:33 AM

Supply: 1,094,500 WARP
Total coin supply 1,618,000 WARP

Any good reason for such weird values? I mean, it would be much easier to calculate marketcap and % of ownership if you went with 1 million for supply and 1.5 or 2 millions for total supply. And what will happen if you get only a few BTC out of crowdsale which I guess is not enough to start working on anything, will investors get their BTC back or they'll get WARP and baghold with no exchange, no roadmap and no development?

Max coins is a rounded up golden ratio 1.618. The supply derived from that to offer an amount close to 1 million coins.

If the amount raised is clearly not enough to work with and to kickstart an economical environment I will have no choice but to consider the project a failure and return everyone's BTC.

SISAR

hero member

Activity: 651

Merit: 518

Supply: 1,094,500 WARP
Total coin supply 1,618,000 WARP

Any good reason for such weird values? I mean, it would be much easier to calculate marketcap and % of ownership if you went with 1 million for supply and 1.5 or 2 millions for total supply.

shapetwist

hero member

Activity: 504

Merit: 502

Quote from: raetsch on January 19, 2016, 03:47:36 AM

ok, so if i already bought some and want to have more, i have to start the whole process again?
just for clarification:
fill in (same) warp-adress, fill in btc-address and then generate a new address?

Yes, generate a new BTC address is essential.
You can use the same WARP address to receive coins.

raetsch

legendary

Activity: 957

Merit: 1006

ok, so if i already bought some and want to have more, i have to start the whole process again?
just for clarification:
fill in (same) warp-adress, fill in btc-address and then generate a new address?

shapetwist

hero member

Activity: 504

Merit: 502

Quote from: l8nit3 on January 18, 2016, 10:59:56 PM

Quote from: john1010 on January 18, 2016, 10:51:03 PM

Can you give a giveaway coin dev?

tough to do when the entire 1st block reward (a.k.a premine/crowdsale) is promised to the crowdsale investors. dev would have to buy the coin out of pocket or crowdsale funds to be able to do a giveaway.

Hi, a giveaway is not possible! Sad

100% of the supply is for sale.
I can't buy WARP in this sale (would be "buying it" for free), so I have to wait until it hits an exchange. After buying from the market, I will do some giveaways!

shapetwist

hero member

Activity: 504

Merit: 502

Quote from: l8nit3 on January 18, 2016, 08:41:36 PM

Are the deposit addresses generated on your website multi use? I sent two seperate transactions and the balance and coins due only represent my first deposit.
1st deposit (shown on site):
e882eafdc159a8f4b7fa9e16c83b039eb0c260fce5b7d27c205d9101514d2c34
blockhain.info link

2nd deposit (not shown on site) :
2754db3f414ec9a6c494c72847a7813a94934495359a3dd5f9e7268e0d2facc4
blockchain.info link

Hi, I also replied via PM. No bitcoins are lost, but your second transaction is not going to count for the WARP sale.
To avoid this, please use the generated BTC address only once.

BTC deposit addresses are single use. I've added a note on the website.

shapetwist

hero member

Activity: 504

Merit: 502

Quote from: SISAR on January 18, 2016, 08:21:34 PM

Quote from: shapetwist on January 18, 2016, 03:46:32 PM

Since there are a few misconceptions about wallet syncing, I'm forced to state this: this is a proof-of-stake-only coin.
The wallet won't sync until there is staking pressure. Since distribution doesn't start until the sale ends, the wallet won't sync for the mean time.
Having a wallet now enables you to generate a WARP address where you can receive your coins.
As soon as the sale ends, the chain will start moving, the wallets will sync, distribution will begin and staking will start.

Ohh realy? So how come will transactions ever get confirmed and coins mature enough to start staking unless chain is already moving? I send you 0.1 BTC for WARP, you send me WARP and then what? Who will confirm that transaction in the first place?

Hi, yes correct. When it's time to distribute I'll make the chain move. By the time POS starts, everyone will have their WARP mature enough to stake.

Quote from: l8nit3 on January 18, 2016, 08:41:36 PM

I havent checked the code yet but my thoughts would be that although it is listed as a 'pos' only coin, that there may be a small 'pow' phase built in to the code,having the block reward at 0. (the hash for which I would assume the dev would have to supply him/themselves) This would give the network a 'jumpstart' for the 'pos' coins/blocks to start moving.

My reason for this theory, coin was listed with an algo..... why else would that be needed?

edit:
as suspected, there seems to be a 0 reward POW still in the code (Ive only briefly looked, and truly am not familiar with c++, if this is incorrect please correct me)

can someone please confirm or destroy my theory Tongue

lol

Good theory! Yes, I made it in a way so that everyone would have their coins mature by the time POS blocks start to move.

wildduck

legendary

Activity: 966

Merit: 1001

At the moment only 14 buyers hm.. i`m gonna wait a little more.

develop7

newbie

Activity: 20

Merit: 0

Quote

Can you give a giveaway coin dev?

Just hit the faucets for an hour. You'll probably be able to make .5 mBTC.

l8nit3

legendary

Activity: 1007

Merit: 1000

Quote from: john1010 on January 18, 2016, 10:51:03 PM

Can you give a giveaway coin dev?

tough to do when the entire 1st block reward (a.k.a premine/crowdsale) is promised to the crowdsale investors. dev would have to buy the coin out of pocket or crowdsale funds to be able to do a giveaway.

Depredation

hero member

Activity: 672

Merit: 500

Will invest soon.. looks promising

Blake Birk

hero member

Activity: 668

Merit: 500

invested in and watching , good luck mate

john1010

hero member

Activity: 2100

Merit: 562

Can you give a giveaway coin dev?

develop7

newbie

Activity: 20

Merit: 0

Not that I know any better than anyone on the forum, but I think you're right. There is no incentive for independent users to mine, and the dev is kickstarting the POS. Keep in mind though, anyone mining also gets the tx fee. I have invested in this coin, and I hope it goes well!

l8nit3

legendary

Activity: 1007

Merit: 1000

Are the deposit addresses generated on your website multi use? I sent two seperate transactions and the balance and coins due only represent my first deposit.
1st deposit (shown on site):
e882eafdc159a8f4b7fa9e16c83b039eb0c260fce5b7d27c205d9101514d2c34
blockhain.info link

2nd deposit (not shown on site) :
2754db3f414ec9a6c494c72847a7813a94934495359a3dd5f9e7268e0d2facc4
blockchain.info link

Quote from: SISAR on January 18, 2016, 08:21:34 PM

Quote from: shapetwist on January 18, 2016, 03:46:32 PM

Since there are a few misconceptions about wallet syncing, I'm forced to state this: this is a proof-of-stake-only coin.
The wallet won't sync until there is staking pressure. Since distribution doesn't start until the sale ends, the wallet won't sync for the mean time.
Having a wallet now enables you to generate a WARP address where you can receive your coins.
As soon as the sale ends, the chain will start moving, the wallets will sync, distribution will begin and staking will start.

Ohh realy? So how come will transactions ever get confirmed and coins mature enough to start staking unless chain is already moving? I send you 0.1 BTC for WARP, you send me WARP and then what? Who will confirm that transaction in the first place?

I havent checked the code yet but my thoughts would be that although it is listed as a 'pos' only coin, that there may be a small 'pow' phase built in to the code,having the block reward at 0. (the hash for which I would assume the dev would have to supply him/themselves) This would give the network a 'jumpstart' for the 'pos' coins/blocks to start moving.

My reason for this theory, coin was listed with an algo..... why else would that be needed?

edit:
as suspected, there seems to be a 0 reward POW still in the code (Ive only briefly looked, and truly am not familiar with c++, if this is incorrect please correct me)

Code:

// miner's coin base reward
int64_t GetProofOfWorkReward(int64_t nFees)
{

    int64_t nSubsidy = 0 * COIN;
        
    if (pindexBest->nHeight == 1)
      {
        nSubsidy = 1094500  * COIN;
        return nSubsidy;
      }
      
    else
      {
        nSubsidy = 0 * COIN;
        return nSubsidy;
      }

    return nSubsidy + nFees;

can someone please confirm or destroy my theory Tongue

lol

SISAR

hero member

Activity: 651

Merit: 518

Quote from: shapetwist on January 18, 2016, 03:46:32 PM

Since there are a few misconceptions about wallet syncing, I'm forced to state this: this is a proof-of-stake-only coin.
The wallet won't sync until there is staking pressure. Since distribution doesn't start until the sale ends, the wallet won't sync for the mean time.
Having a wallet now enables you to generate a WARP address where you can receive your coins.
As soon as the sale ends, the chain will start moving, the wallets will sync, distribution will begin and staking will start.

Ohh realy? So how come will transactions ever get confirmed and coins mature enough to start staking unless chain is already moving? I send you 0.1 BTC for WARP, you send me WARP and then what? Who will confirm that transaction in the first place?

Topic: WARP - Something different - VPN Wallet BETA Release - Bittrex/YoBit - page 82. (Read 116015 times)