Back in the days when the altcoin economy was still in it's infancy, altcoin releases were an everyday thing. The thrill of the chase, from mining to exchange was at it's peak. The majority of altcoins never even made it to an exchange, some just withered away and died, some went to fame and fortune.
Those were the days however for miners to learn and explore. If only 5% of the released and mined altcoins became a success, it would pay of your mining costs from failed projects and leave you a decent profit.
Over the years I collected my share of coins from failed/abandoned projects, I saved these wallets just in case. Some coins get a re-launch and it's worth holding on to. Also it's a record of your expenses/write off as a miner.
After resigning from Hush development, the last project I was directly involved in, I decided to never launch a coin again. The stress and time needed to supervise a project was taking too much of my time away from real life. I have also gotten my share of dedicated trolls and enemies that it was time to let someone else take the helm. The vision I have of a perfect coin never materialized, the world of crypto is full of corruption and manipulation. At one point or another you get tired of this, you rub my back I rub yours is what we have now. I left Hush in safe hands, someone capable of taking it the whole nine yards.
After so many years in crypto, I no longer have the time or patience to work on a project again. Steemit was my way out of some sorts, at first I wanted to write about all the people I met and what they do "good or bad", but that would have meant making more enemies and less friends. Maybe it's not my job to warn you about people but maybe I can help educate you on how the altcoin economy works, from A to Z.
For this I have chosen a coin I dug up from my bag of collectibles, a failed project that I mined a lot of coins, I cleaned the code and recompiled. Sort of given it a new lease on life. For this purpose I have chosen "Reversal" a coin released back in in 2014, Bitcointalk was hacked/down for 3 days and cryptocurrencytalk forum was used as an alternative. Me and a few people mined the coin and I ended up with the lion's share of coins. But the coin never went anywhere and was abandoned.
I decided to use Reversal for Educational Re-launch on Steemit. It will be share-dropped to interested Steemians. I will release the source code and windows wallet today. To get your free coins just post your wallet address in a comment. To prevent abuse by multi accounts, only accounts with 1000 SP or higher can get a sharedrop. Please post your address only if you have 1000 SP in your steemit wallet.
Windows wallet:
https://github.com/J-Stuhlman/Reversal/blob/master/reversalcoin-qt.zip
(copy paste the URL into your address bar to download the windows wallet)
Source code:
https://github.com/J-Stuhlman/Reversal
Specifications:
Ticker: REV
Algo: SHA256 currently 100% POS
block time: 2 minutes
maturity: 120
Min stake: 8 hours, no max
No Premine or ICO.
Current supply: 4,167,774 REV
Inflation: 256,320 REV Annually from POS rewards.
Bounties:
Block Explorer: 100,000 REV
Website: 100,000 REV
Bitcointalk Ann: 100,000 REV
(must look good and be updated occasionally, Sr.Member or Higher)
Logo: 25,000 REV
More bounties to come.
"Reversal" is not associated with steemit inc. or the Steem project, It will be distributed freely to Steemians for educational purposes only. No value of this coin will exist beyond it's stated utility as an educational product. Any contributions to code are done freely and do not constitute any commitment by "Joseph Stuhlman" or any other entity to support this project beyond it's stated purpose. Anyone contributing to this project for Bounty should know the value of this bounty is in the utility of the coin as an educational product and no material value otherwise indicated. The coins are distributed freely and such entitles the holder to nothing. Reversal code is beta software and is not guaranteed fit for any purpose stated or implied. Download at your own risk. Only download the software from the github link provided.