New York Coin (NYC) got off to a very similar start to Bitcoin in that the original developer of NewYorkCoin Original GitHub Repository literally disappeared upon launch. NYC Coin is the only other cryptocurrency besides Bitcoin that has an unknown developer who disappeared at launch, whose identity remains unknown to this day and has never been heard of since the coin’s launch. The original nycoin code is open source and public viewable in the GitHub code repository. New York Coin digital currency is a completely fair launch cryptocurrency with no pre-mining or holdback, easy low-difficulty mining and NO FEES to send and receive lightning-fast transactions with confirmations every 30 seconds. THE ORIGINAL FAST CRYPT AND NO COST SINCE 2014. New York Coin is a worldwide retail cryptocurrency. Worldwide free remittance and commercial services platform. Literally, faster than a minute in New York!
The New York Coin open source code was launched on March 6, 2014. The original GitHub repository has never been accessed or modified since launch. The original developer never communicated with anyone and only posted 1 tweet, 2 Facebook posts, and 12 posts on the original bitcointalk forum announcement page. NYC Coin was quietly launched at a time when New York regulators were going hard after bitcoin startups and aggressively pursuing Bit-Instant founder Charlie Shrem. New York Coin was launched about 6 months before the death of Hal Finney, the recipient of the first Bitcoin ever sent. NYC Coin is one of the most usable and disruptive cryptocurrencies ever created offering users no fees, near instant transactions with confirmations every 30 seconds, energy efficient mining, fair launch with no retention, proof-of-work scrypt (just like Litecoin and Dogecoin) and 100% open source code.
Early scrypt miners in March 2014 were blown away by the much more usable specs of NYC Coin than any other cryptocurrency available at the moment. A worldwide decentralized group of New York Coin supporters has rapidly formed and has loyally supported the NYCoin network for over 6 years. There have been no updates to the original nycoin.net website launched by the original developers. No updates to social media accounts, no posts or communications from the original developer on the bitcointalk forum, nothing ever again. One of New York’s first coin miners, Charlie Kartchner (scryptenthusiast at the bitcointalk forum) created the newyorkco.in website in March 2014, shortly after receiving responses from numerous attempts to contact the original developers. Charlie also created a new Facebook page here and a new Twitter account here and entered New York Coin on CoinMarketCap in early 2014. Another early NYC Coin miners, (Coinsprofit at bitcointalk forum), started the mining pool nyc.coinsprofit.com which became the official mining pool for New York Coin in early 2014. Another early NYCoin miners (hobbyist at the bitcointalk forum) created a block explorer and another mining pool for NYC Coin. The nycoin.net website launched by the original developers was never updated and remained inactive until the domain name expired in 2015.
Between mid-2015 and mid-2017 New York Coin did not have a website or development team to oversee the direction of NYC Coin. During this time, a tiny cryptocurrency exchange called Coingather listed NYC Coin and began mining it. That exchange vanished unexpectedly in the second half of 2017. Later to find that their exchange was operating illegally in Ohio and had been raided and closed down by the FBI. It will likely take many of the early New York Coin miners out of circulation for good. The MAJORITY of NewYorkCoins listed as “Outstanding Offer” have most likely been permanently removed from the market. Old files are deleted, computers are replaced, hard drives fail or are overwritten, passwords are forgotten, etc. Especially when a coin has a very large blockchain that requires over 1GB + of storage and liquidity or minimum value for years. Or even a website from mid-2015 to mid-2017. In early summer 2017, Charlie Kartchner registered the domain name nycoin.net and raised the alarm on the bitcointalk forum. NYC Coin supporters around the world have answered the call. The network nodes were quickly restored and up and running, the mining pools were re-established, and multiple block explorers were synchronized with the New York Coin network.
In early January 2018, the New York coin market valuation skyrocketed to $ 125,000,000 USD ($ 0.0012 / NYC) shortly after Bitcoin’s $ 20,000 super cycle. A worldwide group of new supporters formed the NYCoin community, set up a new GitHub repository, and started updating the original code and wallets here. In March 2018, Charlie Kartchner founded and opened the New York Coin Center in the SoHo neighborhood of Lower Manhattan to help promote awareness of New York Coin’s unique specifications at the retail level. And it helps raise the general awareness of cryptocurrencies in the financial capital of the world. The New York Coin Center was operational from March 2018 to September 2018 and was one of the first education and information centers on traditional cryptocurrencies in the world.
On October 29, 2018, after several delays, NYCoin Community Devs successfully implemented a hardfork that upgraded network security and stability by replacing the old Kimoto Gravity Well with Digishield and implemented Aux-POW / Merge Mining by adding considerable hashrate to the network which helps protect 51% of multi-pool attacks and abuse from the future. Just prior to hard-fork rollout in late October 2018, AZORult malware-infected wallets were uploaded by a malicious member of the new NYCoin community to their new GitHub repository which enabled attack vectors for the 51’s only attack. % successful in New York Over 6 years of Coin history. cmelion from the NYCoin community then used the exact same excuse provided by the developer of Denarius from the ZDNet article referenced above, literally literally, because the malware was mysteriously uploaded to their NYCoin community repository NewYorkCoin-NYC . It was quite comical; although not so much at the time.
In the end, no user wallets were hit by an attack. The attack affected only “double-spend” NewYorkCoin exchanges. As a result of this chaos bomb, New York was subsequently obliterated by numerous exchanges influenced by “doubly spent” New York. Yobit, the exchange of volumes no. 1 of NYC Coin, has temporarily closed deposits and withdrawals in New York. Yobit has enabled uninterrupted trading since the New York listing in 2017. In July 2019, Yobit synchronized the New York blockchain (version 1.3), upgraded the wallets and reopened the New York deposits. Withdrawals on Yobit have not yet reopened. No New York Coin wallet has ever been hacked. The well-planned and orchestrated 51% attack affected only “double-spend” New York exchanges. The end result of the 51% attack in October 2018 was the removal of New York from the list of numerous exchanges which reduced both price and liquidity to historic lows throughout 2019. And it represented a buying opportunity. unrepeatable, especially for those who had initially entered New York Coin at much, much higher FOMO prices during the mega run of January 2018.
The reduction of the block reward (reduction of inflation) was implemented in block no. 4,800,000 and will continue up to block no. 7,000,000. Rewards for New York Coin blocks will be reduced to NYC 50 in December 2020. Effectively capping NYC Coin’s maximum supply to less than 145 billion. New York Coin has recently been listed on numerous cryptocurrency exchanges around the world including STEX, Exrates, Tokok, SouthXchange, and HODL HODL. Further trade listings will be announced soon.
Charlie Kartchner, Crypto Pioneer
167 Mott St
New York, NY 10013
718-490-7554
[email protected]https://nycoin.net
New York Coin weathered the storm. Lived when many other altcoins did not. Still standing. Original blockchain cryptocurrency from 2014 with extremely valuable specs at the retail level. THE ORIGINAL CRYPTOGRAPHY FAST AND FREE OF COSTS SINCE 2014.
