Many altcoins fail quickly because they are not designed for longevity or sustainability. Most altcoins are founded with a flawed business model from the start or they are intentionally set up this way for short-term gain. ArtsyCoin is not one of those coins.

A common problem with altcoins is the way that premined coins or ICO funds are allocated. Premined coins are “spent” on the “development" of the coin and quantities of coins are typically “dumped” at an opportune time for majority coin holders. This results in a value crash followed by dwindling support for the coin, typically leading to abandonment. This flawed model for operating a cryptocurrency has been demonstrated time after time. This is also living proof of the Proof of Stake concept at work.

Instead of following this path to failure we are taking a refreshing approach to managing the progress of this coin.

We are fortunate with this coin in that it has not been abandoned during it’s lifespan and the coin supply has not been distributed to the point of unmanageability. Rather than falling to it’s own demise this coin was passed to a group of developers with ambitious goals.

The block explorer rich-list shows a concentration of coins being held by a handful of addresses. Although the data from the rich-list is limited in what it reveals on it’s own, it does give us an indicator that coins are concentrated to a few holders.

We expect based on previous history of altcoins that the concentrated holders will sell their coins into the market to recoup their “investment”. Since those holders are not directly involved with the future progression of ArtsyCoin it is anticipated that the post-dump period will create the environment for proper balancing of the ArtsyCoin economy as the coins find their way into the hands of more than a few people. As broader circulation of the coins continues the true value of the coin through it’s utility will be revealed. These are the steps towards a healthy cryptocurrency economy.

We do not need to sell off or give away quantities of this coin to support it’s development. Proof of Stake premined coins are meant to stabilize the network and the economy surrounding a cryptocurrency. Selling large quantities of a coin destroys the value of that coin. We have no interest in destroying the value of this coin. We are investing our development resources to create technology and services to support the use of this coin. We are also investing in building and securing the network to help increase the utility and value of this coin.

The ArtsyCoin algorithm pays 2% annually for staked coins. Rather than deplete the holdings of premined coins we plan on using the interest accrued by them to continue the funding and expansion of ArtsyCoin. The interest generated through staking the coins will be used to contribute to the development and support of ArtsyCoin. This will create more value in the coin through further utility and proper use of the economic benefits associated with staked coins that generate interest. We will continue development from a reserve of funds that sustains, not one that depletes.

As an additional measure to help balance the economy of the coin we will be seeking purchase of large quantities of coins where possible. In the event of successful acquisition of large coin holdings from external sources we are evaluating the economic impacts of “burning" premined coins for the benefit of impacting the value of ArtsyCoin. These options are still being investigated.

There will be many opportunities for anyone who wants to get involved with the progression of ArtsyCoin, especially for those who bring real value. The best will be ones that are capable of generating recurring revenue and are able to sustain their operation by generating a profit.

i support these statements a well-managed premine can bring great economic benefits.
but never forgettting the adage that with great power, comes great responsibility
- and in the longer term it may be necessary to destroy all remaining premine to create total trust in the system.

i strongly feel it would be beneficial to reveal what address are at yr dipsosal.

 - even address #11 seems premine (or a 1million BSY bounty, which seems unlikely). (also #12 and #39 for a couple more random looks) it certainly appears that the premine is still largely available and scattered
 - some addresses seem linked to both PoW and PoS mining so it would be useful to reveal current quantity of coins at disposal
 - 6 months of 100mill at 2% is roughly speaking 1 million coins (also not including any compounding nor PoW)  , which is 6.13% of the "free" coins above the premine quantity. (not that PoS works that cleanly )

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i had the thought that a store API which could be used to create a central market place for remote stores would be pretty cool. so i could open my own store on my own server, and the central market place would include my items.
not sure if that is inluded in yr idea but definitely having a bunch of stores would be ace.

keep up the good work

No windows client available any more? Can't download it anyway... whatever will I do with my wallet.dat? 

Same wallet and coins.

We are renaming the coin but keeping the technical aspects the same for now, so yes, you can use your coins

i'm still curious about details concerning the premine.
how much is available to the devs ?

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somethign occurred to me yesterday.
with Peercoin introducing cold wallet minting,
it strikes me that it should then be possible to put such premine into a non-accessible minting address.
with the generated coins going to an accessible address.

as this is the 2nd team, and not been in charge too long i'm not too fussed as to a total breakdown.
it would be enough to identify funds available, and to identify any recent spends.

block explorer is lagging
http://blockexperts.com/bsy

and it is also not mentioned on their homepage
http://blockexperts.com/

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edit
looks like it's catchin' up now.

I realize some of this is old info for the veterans of cryptocurrency, but since there is increasing new interest in cryptocurrency and ArtsyCoin specifically, it looks like we need to cover some basics of how Proof of Stake works and then we can get to notes on how we plan to properly fuel the ArtsyCoin economy:

Proof of Stake creates network security through coin ownership. Owning a large portion of coins is an incentive to maintain the value since dumping or disrupting the network destroys the value of the coins. Premined coins were implemented as a method to secure the network by the coin creator while gaining support. Interest-bearing PoS was created as incentive for coin holders to keep their coins as a constant revenue stream while also reducing price volatility and securing the network. Proper management of pre-mined coins and use of funds generated is vital to the success of a PoS cryptocurrency. Premined coins are not meant for payment of bounties, they are used to secure the network and to generate interest. The interest generated is meant for use in commerce.

The size of a coin’s premined quantity should be based on the requirements for securing the network while factoring anticipated growth of the coin. Unfortunately over time the premined coins from new altcoins have become the exit strategy for the coin developer rather than the means for long-term support of the network as intended. Coin developers who give up their supply of premined coins are not contributing to the success of their network they are ensuring it’s failure. The cryptocurrency landscape is littered with coins that have followed this path.

For this coin:

We are fortunate in that we possess enough coins to not only secure the network but also properly incentivize development for long-term growth.

The original coin creator was not experienced in working with cryptocurrencies and although maybe well intentioned was not well equipped to sustain the growth of the coin. Disproportionate rewards were allocated that resulted in very little reusable resources. As stated before, we do not need to give away large quantities of coins for development. We have an International development team working on this and we will allocate funds generated by interest as the needs arise.

There were 100M premined coins originally.
When we began custodianship of this coin we were passed 60M coins and the original creator held on to 15M. We were told the other 25M coins were given away or allocated in other ways during the early stages of the coin. Also, for clarification the coin creator and the developer (coder) are two different people. The coder was hired by the creator to build the wallets.
We reached out to the original creator to acquire the 15M coins but were told that those coins were permanently lost in a hardware failure. We have no reason to doubt this since we initiated contact on the basis of an offer for the coins but were told of the loss prior to any amount being disclosed for the purchase.

The money supply displayed by the block explorer is around 116M. Assuming the 15M is lost, there is 101M coins in distribution.
60M coins being staked to 100% of their value represent 1.2M coins per year at 2% interest. Ideally this gives us 100K coins per month to spend freely, indefinitely to develop the coin. This level of stake also ensures that the network is protected properly by the people who hold the greatest interest in maintaining it’s integrity.

The reason why so many coins fail is because they lack the fundamental elements to make them successful in the long-term. They lack a sustainable source of income that will continue the development of the technology. A coin that relies on it’s premine or ICO to survive is the same as a business that relies on it’s seed funding to survive. After all, how many founders sell all of their holdings at the IPO? For any business to survive it needs to have a constant stream of profit or it can not continue. Cryptocurrency is not immune to this effect and without sustainable revenue any cryptocurrency will fail. There are countless examples of that effect already. ArtsyCoin will not be another one of those examples.

Although trade for a coin is vital to it’s success, the economy surrounding that coin is more important and is what drives the trade of that coin. Access to exchanges for coins is relatively easy if the demand for the coin is present. Demand for a coin comes from it’s utility and we are focusing on building the utility of the coin which will bring stronger trade naturally.

The node list in the OP has been updated.

AWS node has been deployed 

are you running the windows version?