Credits - CRD alt-coin launched [Archive]

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madfranks

18th February 2014, 01:54 PM

I remember Shami posting this idea a while back, and I always thought it had merit.

A few weeks ago, Credits were launched: https://bitcointalk.org/index.php?topic=432098.0

My understanding: this crypto was a shitty failing coin based on the nyancat meme, and the developers simply changed the name to "credits" to try and rebound their nyancat coin's poor performance. So they simply renamed it, and are trying to re-launch it as credits. However, they are spring-boarding off of a failing coin, are doing a piss-poor job marketing their "credits", plus they have a 10% pre-mine!!! Which means the developer is holding 10% of the total credit supply, this is insane and virtually guarantees a coin's death.

If they started from scratch, with a super cool marketing campaign based on sci-fi books and movies, with a reasonable 1-2% premine for launch freebies, faucets and bounties, maybe this would succeed, however as is, I don't think so.

Shami-Amourae

18th February 2014, 02:01 PM

Thanks I'll look into it. I was pushing on the forums there for someone to make this crypto.

It looks like it's just a renaming of the crypto Nyan. I used to oppose their team before since I helped the Kittehcoin community. I may have to switch sides. I dunno if I like their team though, but it's not like I can't join it and push it into a more mainstream direction.

"Credits" to me makes the most sense for a mainstream cryptocurrency name to be used by the general public. It's a simple, and easy to understand term. That's important for mass acceptance.

My understanding: this crypto was a shitty failing coin based on the nyancat meme, and the developers simply changed the name to "credits" to try and rebound their nyancat coin's poor performance. So they simply renamed it, and are trying to re-launch it as credits. However, they are spring-boarding off of a failing coin, are doing a piss-poor job marketing their "credits", plus they have a 10% pre-mine!!! Which means the developer is holding 10% of the total credit supply, this is insane and virtually guarantees a coin's death.

If they started from scratch, with a super cool marketing campaign based on sci-fi books and movies, with a reasonable 1-2% premine for launch freebies, faucets and bounties, maybe this would succeed, however as is, I don't think so.

Yeah I agree. That doesn't mean I and others cant get involved in the community and try to help it.

By the way, weren't you anti-crypto madfranks. Why are you looking into this stuff?

madfranks

18th February 2014, 02:12 PM

By the way, weren't you anti-crypto madfranks. Why are you looking into this stuff?

Who, me? Ha ha, maybe you need to re-read my posts. Thanks to gonzo's threads I finally studied up and got in early last year when BTC was $40, and have been enthusiastically mining and buying ever since. Ares and I bought BFL ASIC miners for bitcoin, and we have been mining other alt-coins with our GPU rigs. My bet right now is still LTC, I know later this year when the big exchanges adopt it, the price will skyrocket.

As much as I want to support Credits, I just wish it was a cleaner launch. This shitty nyancat coin rename is disappointing to say the least.

Shami-Amourae

18th February 2014, 02:16 PM

Who, me? Ha ha, maybe you need to re-read my posts.
Sorry then. I get very defensive. I also worry I may get sucked into the crypto stuff like a religion like I did originally with Gold/Silver. I'm trying to play things smarter now and think for myself more.

As much as I want to support Credits, I just wish it was a cleaner launch. This shitty nyancat coin rename is disappointing to say the least.

100% agreed.

The truth is with the crypto-community this stuff is generally open sourced so any one person can make a difference by just offering free support/help. Individuals can determine the direction of this community by voting with their time, money, and efforts.

Shami-Amourae

18th February 2014, 02:44 PM

madfranks

18th February 2014, 02:51 PM

The volume on these markets is super low. You know we could easily collectively pump this market, and help promote it ourselves and make a killing. Just saying.

Crypto-Rush
CRD/BTC
https://cryptorush.in/index.php?p=trading&m=CRD&b=BTC
CRD/LTC
https://cryptorush.in/index.php?p=trading&m=CRD&b=LTC
CRD/DOGE
https://cryptorush.in/index.php?p=trading&m=CRD&b=DGC

We only make a killing if we dump after it goes up. Hmm, it is tempting to grab 10k credits for less than 0.05 BTC.

Ok, I'm in. I'm going to buy up between 0.05 and 0.1 BTC worth of credits to see if this has any potential. If I can turn that into a solid 1 BTC, I think I'd be happy.

Horn

18th February 2014, 02:53 PM

maybe this would succeed, however as is, I don't think so.

thanks for that,

now remind me why I clicked on this thread.

Shami-Amourae

18th February 2014, 03:02 PM

We only make a killing if we dump after it goes up. Hmm, it is tempting to grab 10k credits for less than 0.05 BTC.

Ok, I'm in. I'm going to buy up between 0.05 and 0.1 BTC worth of credits to see if this has any potential. If I can turn that into a solid 1 BTC, I think I'd be happy.

I'd research it a little more before investing. There seems to be another Creditcoin for instance:
https://cryptocointalk.com/topic/3197-creditcoin-crd-information/

Yeah you heard that right. There's 2 Creditcoins!

Unfortunately BOTH "Creditcoin" cryptos have HORRIBLE marketing and incompetent teams running them.

Shami-Amourae

18th February 2014, 03:02 PM

thanks for that,

now remind me why I clicked on this thread.

To troll.

Horn

18th February 2014, 03:08 PM

To troll.

But Not before franks trolled himself.

Shami-Amourae

18th February 2014, 03:11 PM

I originally got the "Credits" idea from Star Wars. Basically it was the first time a virtual currency came into my mind since I was a big Star Wars fan when I was little (not much anymore.) The point is when you played the video games and used the Credits currency it operated just like a crypto-currency, and is used in commerce like I hope/dream a cryptocurrency would be used by the general public if there was mass adoption. I strongly believe Bitcoin will NOT be mass-adopted simply because it takes so fucking long for blocks and confirmations. I think a lot of science fiction is a good source of inspiration/ideas of where technology will lead us eventually over time.

For you Lore fans:
http://starwars.wikia.com/wiki/Galactic_Credit_Standard

"One thing ties them together—credits. The pursuit of lucre motivates every species that recognizes a monetary system." ―Feltipern Trevagg (http://starwars.wikia.com/wiki/Feltipern_Trevagg) — http://static2.wikia.nocookie.net/__cb20050614200521/starwars/images/thumb/a/a6/Gnome-speakernotes.png/20px-Gnome-speakernotes.png (http://static2.wikia.nocookie.net/__cb20050614200521/starwars/images/a/a6/Gnome-speakernotes.png)Listen (http://images.wikia.com/starwars/images/1/1a/Credits.ogg) (file info (http://starwars.wikia.com/wiki/File:Credits.ogg))[src] (http://starwars.wikia.com/wiki/Nightlily:_The_Lovers%27_Tale)
The Galactic Credit Standard, simply called a credit or abbreviated to cred, colloquially referred to as Republic Dataries, and later known as the Imperial Credit, was the main currency (http://starwars.wikia.com/wiki/Currency) in use in the galaxy (http://starwars.wikia.com/wiki/The_galaxy) since the time of the Galactic Republic (http://starwars.wikia.com/wiki/Galactic_Republic).
The galactic credit standard was established on Sojourn (http://starwars.wikia.com/wiki/Sojourn_%28moon%29). From its inception, the credit was backed by the immense wealth of the planet Muunilinst (http://starwars.wikia.com/wiki/Muunilinst) and the InterGalactic Banking Clan (http://starwars.wikia.com/wiki/InterGalactic_Banking_Clan) (IGBC). During the Clone Wars, the IGBC backed the currencies of both sides, as it would do so again decades later for the New Republic (http://starwars.wikia.com/wiki/New_Republic) and Imperial Remnant (http://starwars.wikia.com/wiki/Imperial_Remnant).
One tenth of a credit was called a decicred (http://starwars.wikia.com/wiki/Decicred).
Contents

[show (http://starwars.wikia.com/wiki/Galactic_Credit_Standard#)]
Formhttp://gold-silver.us/forum/image/gif;base64,R0lGODlhAQABAIABAAAAAP///yH5BAEAAAEALAAAAAABAAEAQAICTAEAOw%3D%3DEdit (http://starwars.wikia.com/wiki/Galactic_Credit_Standard?action=edit&section=1)

"Information is a commodity. It can be traded, sold, and purchased. And in the end, credits are only as valuable as the secrets they can buy." ―Darth Bane (http://starwars.wikia.com/wiki/Darth_Bane)[src] (http://starwars.wikia.com/wiki/Darth_Bane:_Rule_of_Two)
http://static4.wikia.nocookie.net/__cb20051201231848/starwars/images/thumb/1/13/CreditChip.jpg/150px-CreditChip.jpg (http://static4.wikia.nocookie.net/__cb20051201231848/starwars/images/1/13/CreditChip.jpg)A credit chip (http://starwars.wikia.com/wiki/Credit_chip) The credit was a physical currency with both coins (http://starwars.wikia.com/wiki/Coin) and bills in circulation. Although they were about the same size, credits sometimes came in different patterns or designs, most likely depending on how much they were worth. Sometime during the height of the Galactic Republic, credit chips (http://starwars.wikia.com/wiki/Credit_chip) became popular. During the Clone Wars (http://starwars.wikia.com/wiki/Clone_Wars), the credit also came in the form of small metallic ingots (http://starwars.wikia.com/wiki/Republic_credit_ingot). There were also cubes (http://starwars.wikia.com/wiki/Credit_Cube) that were presumably similar to chips. Near the end of the Galactic Empire (http://starwars.wikia.com/wiki/Galactic_Empire)'s reign, physical currency enjoyed an increase in popularity as denizens of the galaxy awaited resolution to the Galactic Civil War (http://starwars.wikia.com/wiki/Galactic_Civil_War). Many were wary that credit chips could become worthless following the war.
In some places, such as the first Death Star (http://starwars.wikia.com/wiki/DS-1_Orbital_Battle_Station), credits could be accessed via a debit code (http://starwars.wikia.com/wiki/Debit_code). Credits could be transferred or withdrawn from an account card. These were usually used by sabacc or pazaak players. Bounty hunters also received an agreed amount of credits after completing a task.
Declinehttp://gold-silver.us/forum/image/gif;base64,R0lGODlhAQABAIABAAAAAP///yH5BAEAAAEALAAAAAABAAEAQAICTAEAOw%3D%3DEdit (http://starwars.wikia.com/wiki/Galactic_Credit_Standard?action=edit&section=2)

"Republic credits? Republic credits are no good out here. I need something more real." ―Watto (http://starwars.wikia.com/wiki/Watto) to Qui-Gon Jinn (http://starwars.wikia.com/wiki/Qui-Gon_Jinn) on Tatooine (http://starwars.wikia.com/wiki/Tatooine)[src] (http://starwars.wikia.com/wiki/Star_Wars_Episode_I:_The_Phantom_Menace)
http://static2.wikia.nocookie.net/__cb20120623145336/starwars/images/thumb/c/c9/1000Credits.jpg/200px-1000Credits.jpg (http://static1.wikia.nocookie.net/__cb20120623145336/starwars/images/c/c9/1000Credits.jpg)An Imperial credit coin (http://starwars.wikia.com/wiki/Coin) During the Clone Wars, and even before, many of the galaxy's inhabitants were worried about the war's outcome and the effect it would have on the galactic economy (http://starwars.wikia.com/wiki/Galactic_economy). Because of this, an overwhelming majority of planets outside the Core (http://starwars.wikia.com/wiki/Core_Worlds) and Inner Rim (http://starwars.wikia.com/wiki/Inner_Rim) would not accept credits. These planets and regions began minting their own special currencies. In 22 BBY (http://starwars.wikia.com/wiki/22_BBY), the InterGalactic Banking Clan (http://starwars.wikia.com/wiki/InterGalactic_Banking_Clan) was creating new currencies at a rate of twenty per day, with the InterGalactic Currency Exchange System (http://starwars.wikia.com/wiki/InterGalactic_Currency_Exchange_System) managing the currency.[1] (http://starwars.wikia.com/wiki/Galactic_Credit_Standard#cite_note-HNN_-_Currency_Upheavals_Deliver_Profits_to_IBC-0)
http://static3.wikia.nocookie.net/__cb20101001100358/starwars/images/thumb/2/2b/BigPileOfCredits-SWGTCGGH.jpg/150px-BigPileOfCredits-SWGTCGGH.jpg (http://static1.wikia.nocookie.net/__cb20101001100358/starwars/images/2/2b/BigPileOfCredits-SWGTCGGH.jpg)A pile of credit chips (http://starwars.wikia.com/wiki/Credit_chip). The Empire continued to use the credit, now called the Imperial Credit, as its main currency, and during the reign of Emperor (http://starwars.wikia.com/wiki/Galactic_Emperor) Palpatine (http://starwars.wikia.com/wiki/Palpatine), there were few who would not accept it. Even the Alliance to Restore the Republic (http://starwars.wikia.com/wiki/Alliance_to_Restore_the_Republic) used it, along with their own Alliance Credit (http://starwars.wikia.com/wiki/Alliance_Credit), as it was the most used and easiest-to-use currency in the galaxy. Imperial credits existed in coins and chips of varying denominations: 0.1, 0.2, 0.5, 1, 2, 5, 10, 20, 50, 100, 200, 500, 1000, 2000 and 5000. In addition, the Imperial credits also had pictures on one side relating to important elements within the Empire. For example, a credit coin that is worth 1000 has an image of the Imperial Palace (http://starwars.wikia.com/wiki/Imperial_Palace).[2] (http://starwars.wikia.com/wiki/Galactic_Credit_Standard#cite_note-Monopoly-1) While larger denominations coins existed, they weren't widely circulated throughout the galaxy.[3] (http://starwars.wikia.com/wiki/Galactic_Credit_Standard#cite_note-SWRPG2-2)
After the fracturing of the Empire at the Battle of Endor (http://starwars.wikia.com/wiki/Battle_of_Endor), many different currencies came into existence. Though the New Republic (http://starwars.wikia.com/wiki/New_Republic) had reclaimed the credit, it was by no means the most accepted monetary unit in the galaxy. Many regions, including the Imperial Remnant (http://starwars.wikia.com/wiki/Imperial_Remnant), again began printing their own currencies. During this time exchange rates fluctuated wildly, and indeed it was hard at times to find anyone that would exchange one for another. Traders, smugglers, and legitimate freighters dealt in precious metals and commodities as neither the New Republic nor the Imperial Remnant would accept the other's currency.
Behind the sceneshttp://gold-silver.us/forum/image/gif;base64,R0lGODlhAQABAIABAAAAAP///yH5BAEAAAEALAAAAAABAAEAQAICTAEAOw%3D%3DEdit (http://starwars.wikia.com/wiki/Galactic_Credit_Standard?action=edit&section=3)

http://static3.wikia.nocookie.net/__cb20121230145658/starwars/images/thumb/6/6d/Credit_bills.jpg/180px-Credit_bills.jpg (http://static3.wikia.nocookie.net/__cb20121230145658/starwars/images/6/6d/Credit_bills.jpg)Various credit bills from Monopoly: Star Wars Saga Edition. In supplemental material written by George Lucas (http://starwars.wikia.com/wiki/George_Lucas) in 1977 (http://starwars.wikia.com/wiki/1977) for the use of licenses, he described the "Coin of the Galactic Realm" as having two forms: a "credit unit," which is left undescribed, and a flat square coin made out of crystal. The crystal coin was unreproducible by anyone other than the Empire.[4] (http://starwars.wikia.com/wiki/Galactic_Credit_Standard#cite_note-3)
The credit symbol (http://static2.wikia.nocookie.net/__cb20080415135727/starwars/images/3/3c/AurebeshSans-Serif_credit.png (http://starwars.wikia.com/wiki/Galactic_Credit_Standard)) follows the expansive tradition in real life of governments using a letter from the alphabet crossed by one or two lines to denote a currency symbol. The credit sign is the letter Resh (http://starwars.wikia.com/wiki/Resh) crossed by two lines in the upper left, with the Resh possibly standing for "Republic". In real life, this trend for currency symbols is followed by the American Dollar (http://en.wikipedia.org/wiki/Dollar_Sign) ($), Cent (http://en.wikipedia.org/wiki/Cent_%28currency%29#Symbol) (¢), the European Union Euro (http://en.wikipedia.org/wiki/Euro_Sign) (€), the British Pound Sterling (http://en.wikipedia.org/wiki/Pound_sign) (£), and many others.

Note that during the conflict between the Empire and Republic/Rebellion there's two competing currencies. Both all themselves Credits. This is easily done now in the cryptoworld where anyone can start a crypto with a few alterations and make that a challenging currency.

madfranks

18th February 2014, 03:23 PM

I don't mind taking a short term gamble. Overall I agree with Shami, that these "credit" cryptos are being launched and managed piss poorly. Long term it's certain that they'll die, but in the meantime, why not play with $30 or $60?

Shami-Amourae

18th February 2014, 03:35 PM

Shami-Amourae

18th February 2014, 03:49 PM

Wow look a 3rd one:
https://bitcointalk.org/index.php?topic=226582.0