The ultimate BottlecapsCoin (Shortcode: "CAP") Thread!
Hey fellow wastelanders! Since I am a Fallout addict myself and recently got into the digital crypto currency which is inspired by Fallout I decided to open up this thread for dicussions and maybe helping some people to get into this. (Maybe the moderators can pin this thread to get this nice thing the full attention to the wastelanders that haven't noticed the existence of CAP. There's a subreddit for CAP but it's nearly empty, maybe it's a good idea to keep it on Fallout.)
WHAT IS CAP?
BottlecapsCoin, or short CAP, is the crypto currency made for Fallout fans! It's a 100% digital based currency! You can send and receive BottlecapsCoins with your very own wallet client.
Because it's great fun! And if all war breaks lose, we all have our BottlecapsCoins save!
WHAT DO I HAVE TO DOWNLOAD?
Easy! Just head over to https://docs.google.com/file/d/0B0V-7FME2rcyd254QXUtNjZwSWs/edit?usp=sharing to get the latest client. It's still in developtment and the developer is active, so it's far from dead. You may notice that it says "Blockchain too old" when you launched it and it has synchronized - don't worry about that, you can ignore this message. I think it may get fixed with the next client release. It also may take a few minutes to start. The wallet client will show your wallet address which is can be used to receive coins. This wallet address is always the same and only you have this address, there is no one out there with the same address! If you delete your wallet.dat file and restart your client you get a new address. But that's not needed because you can generate as much wallet addresses you like with 1 client and use it for sending & receiving. All of them are still stored in your wallet.dat file.
COOL, HOW DO I GET THESE COINS?
You have many different ways to get your hands on some CAP! 1) You can always mine them "solo" or within a "pool". Solo: You mine with your own GPU and/or CPU power and try your luck to find a so called "block". A block currently contains 10 CAP. If you find one, you get it instantly into your wallet! But you may expect days or weeks when you find nothing and get 0 CAP. This is where pools come into play! You can join a mining pool where many miners throw the power of their computers together to find blocks. If one of them finds one block the amount will be divided and given to all miners. So pool mining is the best choice because you always get CAP coins, no matter if you find a block or not. or 2) You can convert some amount that's cool for you of your USD/EUR to CAP on various different exchange websites! You also can convert some other crypto currency into CAP if you have one. (Bitcoin -> CAP or what you like)
WHEN I MINE MY REWARD IS JUMPING UP AND DOWN, WHY?
The more miners jump into mining these coins, the higher the difficulty to find blocks is getting. The higher the difficulty is getting, the lower will be the rewards you receive. Right now the difficulty is pretty good for newcomers, even those that don't have a big gaming rig with expensive graphics cards. It will jump higher over time, but that doesn't mean the currency is dead! The difficulty also regulates itself. If more miners stop mining this, the difficulty is going down.
WHO IS THE "BANK" THAT GIVES US ALL THESE COINS?
This is one of the greatest things with a crypto currency: There is no bank! Everyone that has the client ("wallet") acts as his own bank - isn't that a nice thing? You just need to backup your wallet.dat file which is located in /Username/AppData/Roaming/, there you will find a folder named BottlecapsCoin which holds the wallet.dat file. This file is where your Bottlecaps are sitting. Dropbox or a USB drive is great for a backup. If you lose the wallet file with a harddrive crash, your coins are also gone.
IS THIS SECURE AGAINST HACKERS?
The network itself is secure. You just need to make sure your PC isn't infected with loads of trojans and viruses which may steal your coins. You can also secure your wallet.dat file with a passphrase within the client.
WHAT CAN I BUY WITH CAP?
Right now it's too new to have it accepted by stores and stuff. Also (in my opinion) this might be more useful for tipping and buying things from users directly. You are great at creating beautiful custom Fallout wallpaper? Publish your wallet address with a release of your work so people who like it can send you some CAP! You are good at video editing and would love to cut a cool video story together? Don't forget to publish your wallet address!
WHY DOES THE PRICE OF 1 CAP ON EXCHANGE WEBSITES JUMP UP AND DOWN SOMETIME?
That's because traders who are in for making profit are speculating on future prices. Right now if someone sneezes the price changes. We will see a more stable price in the future soon, but like all new and great things: It needs time. So be patient. If you like to gamble with the prices or simply hold some CAP overtime for profit, feel free to do so! You have many exchange websites to do this. We all don't know if we might see a new Fallout with official Multiplayer support and new things.
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