Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BTCZ] BitcoinZ - Low Fees, 100% Community, POW-Equihash No-Premine No-Tax
by
covert24
on 26/12/2017, 00:05:23 UTC
Alright.  This whole mine for 24hrs thing gave me an idea.  One person mines for the BTCZ portion and the other mines to contribute to the BTC portion of the Coinomi application.  I have setup another address on RagnarPool which will only be used for the BTC portion.  All exchanges will be displayed transparently including exchange rate, txid, and all other applicable information pertaining to both the BTCZ address and the BTC address.  I will leave it up to the community to decide when to exchange the BTCZ for BTC (exchange rate, amount of BTCZ accrued, etc etc)

Feel free to switch off or pick between the BTC portion:
http://pool.bitcoinzguiding.ovh/workers/t1Yk5cRpwGiK4KWyv5XovXy2hbKtzxMnXra

or the BTCZ portion:
http://pool.bitcoinzguiding.ovh/workers/t1fHHnAXxoPWGY77sG5Zw2sFfGUTpW6BcSZ


Lets get this addition to one of the most popular mobile wallets!!!  Feel free to add this to the OP if need be.  We need to get more traction and involvement going.  Show everyone this community is a force to be reckoned with!


Mining BTCZ then dumping them for BTC doesn't seem a great idea to me. Instead, why not mining ZEC for the fundraiser's address instead? Same algo.
Doing this the price of BTCZ will not go down due to the huge amount we'd have to sell with your idea, and besides funds would go directly in the community-trusted fundraiser's address.

Anyway, added a link to the pool for BTCZ fund address on my page http://btcz.altervista.org/coinomi.html

Whatever address we donate-mine to other than directly to BTC, will need to be exchanged for BTC at some point by the devs.  But to each is own.  Just trying to help out and get the ball rolling a little bit faster.

My point was, don't take it personally, less middlemen the better, by mining ZEC directly to the ZEC fund address we need to trust the devs to convert those funds and send them to Coinomi, by mining BTCZ on a separate address we need to trust you to convert and send them as BTC AND the devs sending those funds for Coinomi.

Again, it's not a personal attack, but if we can make funds pass the least amount of people possible, it's intrinsecally better.

And also the other problem, if we mine BTCZ then sell them for BTC, price will drop. And we don't want this. We must HODL as much as possible right now, when this fundraising is done, the price will moon.

Fair enough.  Well I have transferred the 2680 and some change BTCZ that I mined to the "BTC oriented wallet" to the community wallet. 
TX for transparency: https://bitcoinz.ph/tx/05a70808aa2c50618485b0085490400abe24dda28f6627e9e339eaa83a6dab4f