1. SuperTramp

    SuperTramp Administrator Staff Member

    Initial MicroCash Supply Sources:

    The MicroCash economy cannot start from 0, as it is not a mined (ie: proof-of-work/PoW) or otherwise "staked" (ie: proof-of-stake/PoS) crypto-currency like all the Bitcoin-derived options you may be used to. Once seeded the MicroCash supply will be expanded through an opt-in decentralized interest rate system (similar to term deposits) that any user can participate in to grow their balance. Conversely, the MicroCash supply is contracted through the destruction of account and transaction fees.

    So there is a real need to put MicroCash in as many hands as possible in the fairest way possible. The MicroCash launch can never be completely fair for everyone in the world, as we have no way to notify everyone that this launch is happening. We simply do not have that level of reach or resources, so we hope people can understand this. We are doing our best to get the word out and will continue to do so until launch, with your help.

    With that said and including extensive community feedback over the years, these are the current methods for people to acquire some MicroCash for the launch. There are some details we are still working out, but where identified with an asterisk (*), the method is considered "final" and will be honored as closely as possible:

    • 1) Buy it with Bitcoin *
      • Send any amount of Bitcoin to 1DJdbs7fYLjnsYeNNERkCgrfX8vTnpU9R7 and use your MicroCash forum user number found at https://forums.microcash.org/account/ as the identifier (hint: it is in the browser url after your username).
        • Example: If you want to buy 1 Bitcoin worth of MicroCash send 1.0000XXXX where XXXX is your member number. If your number is 51 then you would send 1.00000051 . If your number is 97 you would send 1.00000097 . Make sure this is valid, any problems arising from this being incorrect are on your shoulders only.
      • * Each Bitcoin spent will buy you the equivalent amount of MicroCash in US Dollars. So if Bitcoin is $500 you get 500 MicroCash.
      • * Between the time you place a buy and the MicroCash launch, you will be credited MicroCash at the value of the highest price Bitcoin is in that time period.
        • Example: If you sent 1BTC today at a current value of $430 and at launch the Bitcoin price is $200, you will be credited 430 MicroCash at the time of launch. If Bitcoin goes to $2000 you get 2000 MicroCash. Price will be based on average price for the 24 hour period using something like http://www.coindesk.com/price/bitcoin-price-index/
      • * The Bitcoin is not refundable unless 60 days have passed since you sent, or if the MicroCash launch is abandoned for some reason, whichever were to come first. No exceptions. So make sure you understand this before sending anything.
      • The Bitcoin will be spent supporting the currency, more info on this will be posted later. All spent Bitcoin will be cataloged publicly and certain things voted on. None will be spent until after launch.
    • 2) Community Building *
      • For every 1000 words on this forum. you will get one(1) MicroCash
      • For every new person you get to sign up as a forum user, and who makes at least 10 posts, you will get one(1) MicroCash
      • For every 1000 words someone you signed up writes, you will 0.5 MicroCash
      • All community-based MicroCash creation will be publicly linked to a forum account and visible somewhere on the site before launch.
      • Certain jobs that need to be done will have small MicroCash awards roughly relating to the cost it would have been in USD
      • All community-based MicroCash creation is public and will be visible forever on the main site and linked to your forum name.
    • 3) Total MicroCash supply at launch will match the totals of (1) and (2).
      • Nothing else will be created. This means all MicroCash created at launch can be verified and traced back to a root. No unknown kickbacks to devs or supporters.

    You will have to generate a MicroCash address in the beta period so you can be paid, you'll be able to attach this to your forum account. It is up to you to ensure this is valid before launch, if you mess up there is nothing that can be done for your funds and they will not be sent.

    Please keep in mind that we are hard at work developing MicroCash and developing the community around it. Some of the details are still being fleshed out and we welcome your input and ideas. Please let us know if you would like to be a part of the process.

    -Ledger For Bitcoin To MicroCash Conversion -
    All Transactions Can Be Checked HERE

    2016-02-24 07:21:08: 0.87000002 BTC
    2016-02-29 13:22:05: 0.00950033 BTC
    2016-02-29 16:49:39: 0.52000048 BTC
    2016-03-01 19:38:03: 0.05000011 BTC
    2016-03-01 21:20:40: 0.20000011 BTC
    2016-03-04 05:18:06: 0.10000045 BTC
    2016-03-04 17:04:10: 0.25000056 BTC
    2016-03-04 17:49:22: 0.00100036 BTC
    2016-03-04 18:29:40: 0.50000036 BTC
    2016-03-04 19:00:07: 1.00000036 BTC
    2016-03-04 22:16:36: 1.00000036 BTC
    2016-03-05 01:52:39: 0.00090036 BTC
    2016-03-05 12:47:39: 0.10000058 BTC
    2016-03-05 12:53:03: 0.22510036 BTC
    2016-03-06 08:43:11: 0.20000058 BTC
    2016-03-07 07:37:32: 0.70000058 BTC
    2016-03-08 17:57:52: 0.02430053 BTC
    2016-03-08 18:35:24: 0.50000053 BTC
    2016-03-11 15:34:49: 0.24270053 BTC
    2016-03-16 13:11:13: 0.24000063 BTC
    2016-03-16 14:07:03: 0.20000066 BTC
    2016-03-17 03:56:27: 0.02000069 BTC
    2016-03-18 01:55:09: 1.00000069 BTC
    2016-03-18 21:58:14: 1.00000069 BTC
    2016-03-19 07:16:46: 0.03980036 BTC
    2016-03-19 07:34:31: 0.50000036 BTC
    2016-03-19 17:45:12: 0.49970036 BTC
    2016-03-21 14:55:32: 0.21000076 BTC
    2016-03-24 09:09:44: 0.02000077 BTC
    2016-03-24 09:42:23: 0.26000077 BTC
     
    Mezzo and blacktea286 like this.
  2. Ryler Sturden

    Ryler Sturden Member Staff Member MC Developer

    Cool, I sent a transaction hopefully it is valid. Can you just go into detail about how it will be stored?

    And a note to SolidCoin users, all 10 of you remaining. :) In the end we didn't think it was fair that SolidCoin get converted to MicroCash at all. There are numerous reasons for this but the biggest is that most of the SolidCoin is concentrated in the hands of a few, myself being one of the biggest holders. And also the fact that the remaining database of SolidCoin was held be me, hence I control the entire book, which isn't a good look. Everything that is created in MC should be backtraced to some point from something relating to MicroCash, not SC.

    Since it was me who said that was going to happen all those years ago it is probably only right that I make it right instead of forcing that burden onto a new, hopefully great project. So I will be converting SolidCoins to moxbux, exact ratio unknown, which you'll be able to trade when mtmox launches. This is the fairest thing I think and hopefully anyone who has SolidCoins can appreciate the fairness of it. Having to tack on a dead and failed, project like SolidCoin to something completely new and not bitcoin derived isn't the right thing.

    And I know that myself and a few of the other team members all have a financial reason to WANT to include SC in this new project, but it is just not right. Anyone who does the taste test on that will come to the same conclusion. I'll be posting a thread on SolidCoin in the next hours/days, that lists the concentration which will prove it would be stupid to use it and taint the project with it when it concentrates so much into the hands of the few. Something which is not good if we want to be fair.
     
  3. RLH

    RLH New Member

    Where all has this ICO been published? Is there a thread (or two) on BTT?
     
  4. Ryler Sturden

    Ryler Sturden Member Staff Member MC Developer

    Good question. Sorry I don't have much time for doing any marketing or whatever, I am pretty busy coding the Alpha 3.
     
  5. fellow

    fellow Member

    I have just realized the account number is not shown on the profile page.
    The mentioned url method shows only the id while floating the mouse over the username but after clicking it it redirects to a generic url (chromium browser 45.0.2454.101 Ubuntu 15.10 (64-bit)).
    I first send some btc to test I have the correct user id.
    As soon as it went through I will send more (hope all transactions get summed up and if not this is a testcase).
     
  6. SuperTramp

    SuperTramp Administrator Staff Member

    When I click on your username I get: https://forums.microcash.org/members/fellow.11/ So, your user id is: 11
     
  7. fellow

    fellow Member

    If I click on my username a popup window appears.
    I have used my profile button on the top right which has a generic link.

    PS: please check also in the screenshot the visible post related commands I see
     

    Attached Files:

  8. SuperTramp

    SuperTramp Administrator Staff Member

    Yes, click on your username in the pop up window.
     
  9. Ryler Sturden

    Ryler Sturden Member Staff Member MC Developer

    Maybe I will export a way to get your number and put it on the personal details page.
     
  10. Ryler Sturden

    Ryler Sturden Member Staff Member MC Developer

  11. fellow

    fellow Member

    Now this id thing should be noob proof.
    In terms of seed transparency anyone thinks it would be a good idea to add a tag for the address to blockchain.info?
    https://blockchain.info/tags?form_type=0
     
  12. Ryler Sturden

    Ryler Sturden Member Staff Member MC Developer

    I don't think it needs to be noob proof because we don't need to maximize the BTC deposited to somehow make MC successful. I'd actually prefer that the majority of MC seed comes from community earned free stuff than any bought. I know it seems to the average person that we somehow have to have some 10000btc ICO or something to be successful but all those things operate in a different world, created mostly by people who want to profit from their work. I never wanted to profit from my cryptocurrency work and that is why I will be submitting my thousands of hours of work for free to the world. I don't care about monetizing it. If MC is unsuccessful then I hope the code is useful to people to help create the solution that will be successful. We have to give up as much ego and other bullshit as we can if we want to make a difference. I know this more now than I did before.

    The actual economy of MicroCash I think will be very attractive to anyone who cares to understand it, but, trying to predict the amount of people who can and will understand it is not something I or anyone else can do.

    Thanks for the link on tagging addresses, maybe it is something we should look into!
     
  13. pineapples

    pineapples Member

    Noobs need love too.
    And fools need proofing.
    Is it possible to make a plugin (or summat) that you can use to generate a handy deposit amount.

    eg. if i want to send 0.125, i enter 0.125, and it spits out 0.12500045

    (( Possibly also incorporating tx fees if sending from an exchange ..
    << this shouldnt be an issue . it just occurs that generally fees will not impinge on the final two or three digits. ))
     
    Last edited: Mar 4, 2016
  14. Ryler Sturden

    Ryler Sturden Member Staff Member MC Developer

    It's a pretty basic thing to enter a correct number as far as I am concerned.

    Its hard to do public seeding to a single Bitcoin address, but if you have any ideas that do simplify it then just put them forward. If Bitcoin had an easy way to tag transactions with data like MicroCash does then it would be easy but it doesn't support it properly through any ease to use API.
     
  15. pineapples

    pineapples Member

    Lol. yes.
    but at the same time it's a pretty basic thing to enter an incorrect number then start hassling cnuts.

    Question. What is the probability people will fuck up the current system and get vociferous?

    the other obvious system that spring to mind is unique deposit addresses.
    I imagine you could generate a pool of a couple of hundred and pre-assign them to our acct # and make such address appear in acct settings.

    The goal of any basic system is perhaps not so much to make it easier for noobs, but to reduce overall workload for the controllers of said system.


    lol.
    Or use a vanity address generator to generate ones which match our acct numbers .. these are the sort of touches that seperate the socially inept from a lovable grandmother.
     
  16. Ryler Sturden

    Ryler Sturden Member Staff Member MC Developer

    Yes we should make it an exchange here next! And then with a couple other changes, boom we have mtmox!!! ;)
     
  17. pineapples

    pineapples Member

    Please incorporate a vanity address generator in mtmox.
     
  18. Ryler Sturden

    Ryler Sturden Member Staff Member MC Developer

    You can create named accounts so you don't really need such things in MicroCash.
     
  19. zero

    zero New Member

    when is last day to send any btc?
     
  20. Ryler Sturden

    Ryler Sturden Member Staff Member MC Developer

    The day before we go live. Which is some weeks away yet so no real stress on that front. My advice is unless you know a lot about the project just wait until the information is out there so you can make an informed decision. We are working on that atm. I don't want anyone putting Bitcoins into shit they know nothing about and then getting surprised. :)

    In fact it may just be best to wait until after the launch itself to see if you are still interested in putting real money into it, until then you could just do the community stuff to get some without having to pay for it.
     

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