Quote from: kqpahv on May 18, 2014, 03:52:27 PM

Guys, can You please give us more details about the IPO distribution Huh

So far it has been mentioned it is not going to be released at once which makes sense and would be the wise thing to do. But no one from the Curecoin team has actually confirmed that. Now how can I or anyone else make a educated investment decision if I dont know if the supply is going to rise 800% over a day or the funds are distributed in small pieces over a year or smth. It's pretty obvious there wont be any significant buy support until things like these are not made clear.

I liked Matt's idea of promoting the coin in the folders community by modifying the teams name.
The coin it self and our folding results should be interesting enough to get some media attention. Have you contacted Coindesk, Local newspaper, Tech and gadget websites ? If Arstechnica, The Verge, Gizmodo etc are consantly writing about Doge why not about this ?
Overall I think a coin like this will market it self once all the uncertainty is removed and trading gets some traction. Could you please just clarify all the constant questions about the IPO and Folding funds distribution in more detail in the OP ?

Also, I have asked this once before but got no answer: How does the network balancing between mining and folding work ?

I'll only answer what I feel confident in answering - I'm not a dev.

Modifying the team name of F@H - I think that's a bad idea, and frankly insults people's intelligence. And it smacks of desperation. The amount of folding being done by the Curecoin team alone has already shattered several records and the coin is only a week old, so obviously a lot of people understand what folding for the Curecoin team entails. if it ain't broke, don't fix it. And it ain't broke.

More PR - can't agree more. Just know that there's work being done in this regard. There's nothing stopping you, me, or anyone reading this post from contacting every site you just mentioned and letting them know about Curecoin. Get to it. I've done a lil bit of the same and plan on doing a lot more.

Network balancing between mined Curecoin and what's distributed via folding - here's how I *think* it works: there is no network balancing. Folding for curecoins doesn't actually produce them; they have already been pre-mined for the explicit purpose to be distributed to those who fold for the Curecoin team. So the only network for the coin as of *this post* is what people have mined via regular methods (ASIC's). Someone correct me if I'm wrong here, but the coins set aside for folding distribution are in cold storage and only the amount needed each day for distribution are brought out.

Now, when Curecoin hits day 31, all of the Curecoin sitting in peoples wallets will be able to start Proof of Stake minting. When that starts is when the curecoin network will start to become much more secure than it stands right now. It will work the exact same way as Peercoin does.

Hope that helps.

k2_1971

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