Re: [PRE-ANN][FER] FERENGICOIN

If this wallet don't sync very soon I'm going to sell you out to the Dominion! If I could sync, I'd mine this bitch...

EDIT: Third try on the coin.conf got it. You won't be seeing any Jem'Hedar just yet...

Good news for me, Jem'Hedar are bad for Ferengi business. Grin

Come, now, there is always a way to profit!

So, How you greedy bastards doing?

A lot of work.

Quote from: Biomech on March 23, 2014, 10:07:35 PM

@dev

You doing anything with this bitch? Ferengi are not noted for being lazy...

I mined a fair amount, just to show the love. I'm a trekkie and DS9 was my second favorite series. But in the end, it's about the universal greed, and a coin with no tradeability is a useless thing to acquire.

Don't worry, its a full time job. When you noticed the silence on this thread it doesn't mean I watch baseball or buying couple of margarita's for me and my GF on the Risa - the Pleasure Planet. "Rule 6. Never let family stand in the way of opportunity". Maybe you wish to know what I did this weekend? Possibly you do.

I didn't have time to do anything except working for Ferengicoin, but I really enjoy doing it, because I am big fan of Star Trek and Ferengi too, my favorite one is DS9 too and I watched couple of episodes between the work that I was doing for FER. I understand your concern and really am grateful to you and other people who mine and support Ferengicoin asking questions and making suggestions. I watch closely every of 2 pools that mine Ferengicoin and I check node popularity to make sure that I am not too far away from any event. I know that today hash rate has grown to 3.3 Tera hash, compared to yesterday less than 2 and peaked to almost 7 Terahash global FER hash rate reaching 350K difficulty this week. I know it was most popular SHA-256 coin in the pool today according to its has rate.

So, this is the list of what I did: I was searching for reliable and not expensive hosting provider, so far I found Ipage to be highly recommended by most people and Justhost on the second place. "Rule 3. Never spend more for an acquisition than you have to".

I have prepared and sent letters to few exchanges that might review FER as their candidate coin, pointing to that may be best features of Ferengicoin. I understand that there are too many coins on the market and FER global hash rate is still very low, but considering FER potential to grow they might refuse it now, but accept it later. We shouldn't wait for exchange operator to accept FER, we shall build the market for FER from whatever we have and once we do it, exchanges will gladly take FER under their roof.

I have contacted few merchants and proposed FER to be accepted as their payment method, in addition to whatever coins they already use. It is not easy to get new coin to be accepted by merchant until that coin is easily exchangeable for Bitcoin, therefore to make my offer sweeter, I proposed them few ad incentives and bounties and most importantly I offered them alternative market method that may help FER to become part of the trade: the deal is to make them accept Ferengicoin as partial payment method toward their products and services, the rest paid in BTC or any other coin that is already listed on the exchange. Once FER is listed on exchange or is easily exchangeable on Ferengicoin trade platform, then they might switch to FER as 100% payment, not partial, but until then FER can be accepted as partial payment. This is great chance for Ferengicoin to become part of the market. For example: merchant might have products or services that he or she wants to charge for 1 BTC, but in order to sell what they have, they would be ready to take a little risk and accept part of this payment let's say equivalent of 0.2 BTC with coin that is still not listed on any exchange, such as FER. Therefore they take this risk and estimate that approximate amount of FER will be worth that much in BTC in let's say one-three months when Ferengicoin is listed on the exchange. They possibly would bargain their price and reduce it to 0.9 BTC or 0.8 BTC if really have to sell, however by taking 0.2 BTC off the price and replacing it with FER coin they don't feel offended and are not completely losing 20% of price as a discount. They take something that might worth that much or more, because they will account it by actual estimate, but FER might grow much more in the months to come. Although I cannot offer merchants BTC bounties and cannot pay them 100% in advance, because some might pretend being merchants just to get free bounty from me in exchange for promise to accept FER as their payment method. I am very interested in trade partners, but it doesn't mean that I will accept any proposal that might be financially harmful or doubtful. I will not accept proposals from people or businesses that are not honest or within the law either, because I am not fictional character like Quark and cannot take the risk or damage FER coin reputation by myself.

I have prepared and posted the formula that will help calculating estimated FER price required for trades and exchanges among miners and FER users, until Ferengicoin is accepted by exchange. "Rule 18. A Ferengi without profit is no Ferengi at all".

I have tested few VPS to find best one for seeding node.

I have prepared but didn't sent message yet to one of the escrow services to apply it toward any trade that will occur within ferengicoin.org site. People will have the option to use escrow and feel safer when they deal with each other.

Within few days I will relocate web site and add more interactive content, including: forum, classifieds, chat and maybe something else. I wish I could find good and possibly free faucet and some games of luck or any games that uses FER. I have invented few games that may work, but it requires time and patience to make it all happen. As you can see, I do a lot of work and am personally motivated to make FER popular and as expensive as possible. If it reaches the price of 0.0001 BTC/FER I will be more than happy and it would make many people happy too, those who mined FER and trusted in its future.

I tested Noah advertisement script and few more scripts to determine which one will suit as temporary trade platform until FER will be listed on the exchange and even then, people might choose to continue using it as trade platform for their services and products, just like bitcoinclassifieds or stuffcoins or Doge subreddit. It won't be fully automated yet, although with time, more options will become available and make FER appealing to people who do not consider themselves "trekkie". I noticed that some people considered Quark on the coin logo as offensive, ugly, etc, I guessed, how is this possible? Then it enlightened me: they never watched Star Trek episodes. They don't know who Ferengi race was, but in contrast to these people some people from India told me that Ferengi means alien (outsider) in Hindu language and they showed interest in the coin, due to this linguistic fact. I would be glad if more people will consider FER as their favorite for whatever reason it is. Wouldn't you? Because we "trekkie" are small population nowadays, we need more people to understand the idea. Its not only about money, its about being happy and being social. Some people like me love Ferengi concept because they are "trekkies" too, but some miners might find it very useful tool that has re-animated their old ASIC equipment. Miner might have as little as 2-5 Ghash ASIC power and feel betrayed and abandoned by SHA-256 algo. They might remember that not long time ago their equipment was profitable and important in terms of hashes per second, but now the profit that they get from this equipment makes it obsolete, until Ferengicoin has arrived! 120,000 (350,000 on the peak) difficulty against 4,250,000,000 BTC difficulty, sounds very attractive! Even CPU miners are there, mining Ferengicoin and FER motivates them, they are important miners once again. I remember how I felt as an outsider within miner's world when I started mining BTC with CPU, then NVIDIA Geforce 210. People laughed at me and made all kind of jokes, telling me that I have to abandon Nvidia as soon as possible. I have to agree, they were right, but it doesn't mean that I did wrong by mining on Nvidia, it was my first and beautiful experience. I can imagine that people with limited resources or knowledge in mining, might be grateful for this chance again to be part of mining world with just CPU or any GPU or ASIC, they are the family of Ferengicoin, they are not outsiders like I was when I started to mine my first satoshi. Those who never had the chance to mine BTC with their CPU, they feel the moment, they enjoy being part of something important. Those miners who feel nostalgic by almost forgotten low difficulty BTC mining, they can experience this moment once again. Although FER does not match in price to BTC, it doesn't matter, because later it may worth something, possibly never even 1% as expensive as BTC now, but even if it reaches 0.01% of BTC price - Ferengicoin miners will be more than happy that they started their old and new ASICs to work for FER. It actually motivates SHA-256 mining again by using low hash rate ASICs, GPU or even CPU mining. FER is like new DOGE, the meme coin, but SHA-256 algo instead of Scrypt!

Ferengi rules and their conduct, maybe not the ideal business model by our definition of morality, but it has some charm. Most of us are judgemental and bothered by moral issues, sometimes being targeted by critics, if we show a little love for money. It shouldn't be the problem, because being or willing to become successful, means that enthusiasm with which we try to achieve happiness is in our human nature and happy people feel joy in helping those in need, if they deserve help. Successful people don't like to offer gifts to those who don't show traits of creativity, pursuit of knowledge or are lazy, but shall we blame rich people for that? I hope not. Even though Quark was not the best example as Ferengi philanthropist - his logic, sense of humor, social skills, perceptiveness and sometimes even courage are good examples that we can adapt in our lives and modern world needs more people like Quark. Ferengi philosophy??? "Rule 41. Money talks, but having a lots of it gets more attention".

Feel free to ask more questions and I really appreciate any advice or suggestions.

Quote from: Mortimer452 on March 24, 2014, 06:52:18 AM

Pool bounty received, thank you! Still plenty of room for more miners at http://fer.pitythepool.com

Just setup another permanent node for those of you having a hard time getting the wallet to sync, these below should all be good:

Code:

addnode=54.194.99.126
addnode=188.165.194.96
addnode=98.174.25.28

Thank you very much for setting up additional Ferengicoin nodes. I will post nodes IP addresses right now.