Faircoin post by Memorial-Coin in Re: Trader, good or not on Today at Last post newsletter Jurgen in Re: No advertising of any bitcointalk. This is how Stablecoin was launched and it was very successful.
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This means that the revenues generated from sales of electricity are distributed to the token holders. Project Development Organization of Bitcoin and related projects, bounty campaigns, advertising etc. At the same, Pylon Coin, which is used among users of Pylon Network to perform instantaneous payments for all energy transactions peer-to-peer , is the most sustainable crypto-currency. Last post by lfs10 in Re: Latest stable version of Bitcoin Core:
Last post by MS. You faircoin view the previous Newsletter here. February 01, Bitcointalk of newsletter Bitcoin-related services usually belongs in other sections. By the time we hit full block rewards we had stable pools running and all miners were in full force hashing away.
So should we just refer to it as the FairCoin Committee? BitJock-e on January 04, , So in order to help establish the first draft of guidelines, we should perhaps breakdown the cycle of an altcoin and what parameters should be followed. Please feel free to copy and edit the following, as much input is required so we can get the first draft and vote on it. This is what I would personally like to see, its not set in stone and is subject to change.
Remember that everyone in the community has a say in this, we are trying to ensure our survival and fight back against the scumbag scamcoins that are sucking the life out of this place. The first cycle is the code of the coin. In this age of mining, with so much hashing power available, there is NO reason why coins should be launched with such low diffs. So devs can do one of two things. A have a coin with low diff, but with no block rewards, low block rewards or a sliding scale of increasing block rewards until say "X" number of blocks are mined.
After "X" is crossed than full block rewards are given. This is how Stablecoin was launched and it was very successful. By the time we hit full block rewards we had stable pools running and all miners were in full force hashing away.
These two things prevents instamining by devs and insiders, plus takes away the advantage that solo miners have over pool miners. The second cycle is the Pre-Launch. This is when a dev gets ready to launch the coin. The more pools the better.
If devs are expected to code and fix coins, they should know how to compile wallets. If there is a premine, the dev should list the amount, and how the premine will be spent before hand. It seems like devs like to pull a percentage out of thin air, but never say how the premine will be spent. We don't expect to have the entire premine accounted for bounties and giveaways, but a portion of it should be allotted to things like block explorers, logos, giveaways, android wallets, pools, exchanges etc etc.
Dev can keep some of the premine as compensation for setting up official websites, pools and for working on the coin. Some devs aren't miners and barely get donations so even good devs walk away from projects when its no longer economically viable for them.
A portion of that should be put up for bounties and giveaways and the rest is up to the devs discretion. Some devs may need to use the premine to help pay with coding and getting stuff fixed.
Some devs may decide to keep the rest of the premine for themselves. Once a coin has FairCoin status, the dev can expect full support from FairCoin. The approval of FairCoin will ensure anyone involved in the devs project trusts the project to be legit and not a scam. In the future we can explore launching an actual FairCoin This can include compensating devs, promoting the coins to exchanges and the media, perhaps even starting our own exchange were only coins with FairCoin status will be traded.
What about coins launched before FairCoin is established? Any coins launched before these guidelines are finalized and available to those wishing to follow them will not be looked at. Any coins launched after FairCoin will only get FairCoin status at the request of the dev or the community. I think ultimately the market will be the arbiter of this. Legal , Press , Meetups , Important Announcements. Last post by TheQuin in Re: Last post by AniceInovation in Re: Mining support , Pools , Mining software miners , Hardware , Mining speculation.
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