[ANN][♔] Britcoin 3 [BRIT] | 5% annual interest | Always on TOR

[britcoin]

BRITCOIN - British Digital Currency

Visit Britcoin.com for more information!


Desktop wallets available at https://github.com/britcoin3/britcoin3.3/releases
Please ensure that you are on v3.3.0.3 going forwards.

Mobile wallet available at https://coinomi.com/




Britcoin is a peer-to-peer Proof of Stake cryptocurrency dedicated to becoming an alternative to the GBP within the UK.  The Britcoin network was first realized and launched in June 2014 and has progressed since then.  In mid 2016 a large technology entrepreneur took interest in the project and is now funding development and using his resources to help make Britcoin a payment network that is simple to use and ready for the mass market.

The Britcoin team consists of a range of individuals with different backgrounds in programming, marketing and cryptocurrency.  We have produced a development roadmap which we intend to follow in the coming months, this will enable users to get the basic infrastructure in place before we push for adoption by merchants and individuals.

As we’re an open source project we welcome anyone who wants to help us out; there are a number of small but helpful things anyone can do to get involved with Britcoin.  Send us a message on here or use the contact form on our official website to find out more.



Coin Specs

BritCoin (BRIT)
X13 Algorithm
120 second block time
PoW + PoS hybrid
PoW ended at block 20,000, estimated 7-10 days mining
10 million coins estimated in PoW phase (1000 coins per block)
10 million new coins minted in 2016 for fiat investor
30 million max coin supply
12 hours min stake age
2.5 years max stake age
5% annual interest on staked coins
No foundation
1% premine for bounties, competitions and giveaways (all spent now)
110 block confirmations to maturity (for mined blocks)
6 block confirmations for coin transfers

Ports: Main=9197, RPC=9198


Bootstrap file (optional)

(Up to block 1,077,023)

https://firedrop.com/860dc89d8a7c4994685e10afa0955032
or
http://britcoin.xyz/bootstraps/bootstrap-brit-1077023.zip

Windows users: Unzip to your %APPDATA%/Britcoin folder
Mac users: Unzip to your /Users/USERNAME/Library/Application Support/Britcoin folder
Linux users: Unzip to your ~/.britcoin directory


Exchanges
C-Cex
CoinExchange.io


Block explorers
http://cryptobe.com/chain/BritCoin
https://prohashing.com/explorer/Britcoin/
https://chainz.cryptoid.info/brit/

Multipool
https://prohashing.com

Social media
IRC: #britcoin3 on irc.freenode.net
Twitter: https://twitter.com/britcoin3uk
Facebook: https://www.facebook.com/BritCoinUK/
Reddit: https://www.reddit.com/r/britcoin3/

BitcoinTalk: https://bitcointalk.org/index.php?topic=1463367.0
BitcoinGarden: http://bitcoingarden.tk/forum/index.php?topic=8598.0

Thread for previous Britcoin version: https://bitcointalk.org/index.php?topic=1061026.0

[britcoin]

C-Cex nowadays have merchant services for the coins they list, to help you sell your products on your website for BRIT.  Anyone tried it out?

https://c-cex.com/?id=merch

[britcoin]

Dear Britcoin community,

Hello and thanks for your patience with this project so far.

We have an multi-millionaire investor who is ready to invest at least GBP 12K into Britcoin development over the next six months, but he wants a substantial portion of the coin supply, like 10 million BRIT.  We’d increase the coin supply limit by about that amount too, to keep people staking.  He’ll invest more in the future, if he sees his BRIT holdings increase in value.

There don't seem to be many BRIT available for sale, so we'd have to mint new ones by hard-forking the coin to have those extra coins in a certain address, for instance.

Our thoughts are that this is not quite as bad as the government printing extra money to bail out the banks, as you can fork the code and blockchain if you really don't like it.

We think that BRIT can do really well with some funds behind it.  The coin's not really suitable for its intended purpose without decent mobile wallets, ongoing development, a smooth and easy-to-use UI, anon features (coin mixing), and places to spend it.  Britcoin needs more than bug fixes and security updates to reach its full, world-changing potential.

I will also say that this investor has so far ponied up the dosh to get us on C-Cex and to get us onto the vote list on Cryptopia.

We haven't heard from any other potential investors, but if they are out there then do let us know ASAP.

The investor would be most pleased if we could fork another 10M coins, and we want him to be happy so that he becomes involved with the coin and wants to see it succeed.  It’s not only money — He has development, marketing, legal people too, who can help out if need be.  Though there would be more BRIT in circulation, with money funnelled into the project and access to more expertise, we all could see our coins increase in value.

Thoughts?

[britcoin]

I'd like to slow down the blocktime target too, to 2.5 minutes maybe, to help make the wallet more responsive and the blockchain smaller.

Bear in mind that there could be ways to get faster confirmations later which might be better than having more blocks, such as a merge-mined PoW coin (like Vericoin's Verium) or Instant-X.

Thoughts?

— Mo

[secco]

I think from 3 to 5 minutes it is reasonable. 60 seconds block really have no use at this time.

[britcoin]

Hello, we're going to try a simple way of mining the new coins, by intentionally creating our own fork.  We'd like to ask everyone to shut down their wallets by 8pm tonight UK time.  That's in 1 hour 10 mins.  (Note that the UK is not presently on GMT as it's summertime.)

We'll mine the new coins uncontested, wait for them to mature, then release the new wallets.

If you don't shut down your wallets, you may end up on the old fork and have to resync your blockchain.

Cheers,
Mo and Mammix2

[britcoin]

Hello, we're going to try a simple way of mining the new coins, by intentionally creating our own fork.  We'd like to ask everyone to shut down their wallets by 8pm tonight UK time.  That's in 1 hour 10 mins.  (Note that the UK is not presently on GMT as it's summertime.)

We'll mine the new coins uncontested, wait for them to mature, then release the new wallets.

If you don't shut down your wallets, you may end up on the old fork and have to resync your blockchain.

Cheers,
Mo and Mammix2

Hello,

It didn't work unfortunately; the PoW difficulty was too high to mine anything in a reasonable time.

We'll see if we can do it in a different way over the next week or two.

You may reactivate your wallets now.  Sorry for the inconvenience :8[

[britcoin]

https://twitter.com/TaoOfSatoshi/status/771571065252220928

Please support Dash's retweet campaign to keep Dash wallets on the iOS App Store.  BRIT might be wanting an iOS app later too.

[hieu123]

I think 60 second block time to short, best from 180 to 360 second. 

[britcoin]

New 3.2.0.0 wallets now available at britcoin.xyz.  (You might consider v3.1 to be the failed attempt to mine the new coins earlier.)

Note that the location of our github repo has changed from greenmo000's account to https://github.com/britcoin3/britcoin3.2/

These new wallets will stake up the new 10 million coins for the investor, no matter who gets that block.  It will happen at block 1,020,000 which could be found in about a week from now, so be sure to upgrade your wallets before then.

Linux/VPS users will also note that the annoying "Tor: Exit policy" message has disappeared :8]

And we've finally made the in-wallet logo not have a jaggy edge ;8]

Other, more major changes have been postponed until the next release in order to get this one out without any more delay.

Thanks to xCore and mammix2 for the help with these wallets.  And thanks to all of you for your patience, Britcoin holders!

[britcoin]

Britcoin was added to a new exchange, CoinExchange.io!

https://www.coinexchange.io/market/BRIT/BTC

[britcoin]

The person who stakes block 1,020,000 tonight will forgo his own staking rewards for that block.  So you might want to avoid bringing online any large chunks of BRIT that haven't moved or staked for two years :8]

[britcoin]

Looks like the fork didn't work.  We have some idea of why, but we've decided to downgrade to Britcoin v3.0.0.1 for the time being.  Please:

1. Close your Britcoin v3.2 wallets.

2. Make a backup of your data directory, which you can find in these locations:

Linux:

~/.britcoin/

MacOS:

~/Library/Application Support/Britcoin/

Windows:

%APPDATA%\Britcoin

(This defaults to C:\Documents and Settings\YourUserName\Application data\Britcoin on Windows XP and to C:\Users\YourUserName\Appdata\Roaming\Britcoin on Windows Vista, 7, 8, and 10.)

3. Resume running your Britcoin 3.0.0.1 wallets.  You should be able to pick up where you left off in terms of the blockchain.

Thank you once again for your patience, Brits!

[britcoin]

v3.2.1.0 source code and wallets now available at http://britcoin.xyz

Please upgrade before the weekend.

Still waiting for someone to compile the Mac wallet; stand by on that.

If you compile it yourself, be sure to use bdb 4.8 and not bdb 5+.

[britcoin]

Our CryptoBE block explorer is updating today so they might not show you the most recent blocks