Post
Topic
Board Announcements (Altcoins)
Re: BipCoin. FIXED. Mineable. CryptoNote. BipCot NoGov Licensed.
by
MWD64
on 27/10/2016, 20:38:49 UTC
I'm not confident in a coin in which the creators already threw in the towel once before. Time, resources, and electricity isn't free. This is no longer a worthwhile investment for me in this situation.

That's a fine general blanket statement to make, and you're welcome to it. However, you don't know the whole story.

First time around, we had one programmer, turned out after a while he couldn't cut it. (I'm not a programmer, I'm a cat herder, came up with the name and concept, and write the tech tutorials, etc.) He was way too busy with family, work, hobbies, etc. to really be a coin's whole tech team.

Then I had a death in the family (of a family member who was very close to me) so was not able to work on things and build a better team.

So I thought the righteous thing to do was kill it and announce it dead, rather than let it limp along for a year and slowly die like most coins. Because THAT really wastes people's time and electricity much more than the little time BipCoin was first mineable before I "killed" it.

So after a month, I opened my wallet just to look at it one more time before I deleted everything. That was when I realized it still worked, transactions worked, mining worked, that it was not easily killable, and I was over the initial shock of the family member's death. This is after we'd even killed the seed nodes. I could still transact with people I'd transacted with before, and also people I'd never transacted with but with people who'd transacted with people I'd transacted with. I thought that was very cool.

So I formed a better team. That first programmer is no longer on our team. We now have 3 programmers plus me, so basically the deal is this; Not only would a death in my family not kill it, but even my death would not kill it.

Team (beside me) is:
--atithasos (cool guy who's on this thread often answering your questions. Also runs one of our pools.)
--Derrick (who is not on here much, he's too busy programming and mining Bitcoin, and he's been mining Bitcoin since you could do it wit a RasPi.) He and I also made the MeowBit dot-bit resolver for Namecoin, and made FeenPhone. He's currently making the GUI wallets for BipCoin.
--slb, who runs ForkNote and was a major contributor with to the code of  cryptonote-forknote-pool. He also runs our other pool, on democats.org, which he also runs.

atithasos and I are also WAY more proactive about answering user's questions than a lot of CryptoNote coins except Monero. That's a big plus in using a coin and helping it grow.

Regardless, I totally understand why your trust may have been tarnished, But remember: There are no guarantees on the edge.

And you're welcome to not mine BipCoin. That just leaves more for everyone else.  Grin



MWD