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Author Topic: [ANN] Woodcoin [LOG] Pure Skein POW, Logarithmic Release, No Premine nor ICO  (Read 90369 times)
funkenstein
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October 22, 2014, 02:42:29 AM
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OP last edited June 21, 2017

WOODCOIN  木币
A sustainable public digital currency built for longevity


Tired of mining?  Time to try a new skill:  Woodcutting.  

Woodcoin distribution is designed to more closely model renewable resources than nonrenewable.  The money supply curve is designed for stability, fairness, and longevity - striking a long-term balance between stagnation and unsustainable growth.  

It also features novel cryptography both in proof of work function and in digital signature keypairs.

中文

-----
NO PREMINE - NO ICO

Whitepaper available:

http://www.vixra.org/pdf/1602.0033v1.pdf


FIRSTS

1) First pure skein coin.

Are you going to argue with Bruce Schneier?  I didn't think so.  The NSA didn't choose this hash for SHA3, so unless it's a double fakeout you should be safe.  Skein is a great hash function and runs really fast on a CPU.  ASICs will grow on trees.  Double skein is the woodcutting algo, consisting of two skein512 hashes of the block header and nothing else.  

2) First Logarithmic release coin.
[/i]
Many coins follow a hard reward reduction curve: a geometric series.  Instead we use a harmonic series as it is gentler to the ear and actually works long term without infinite inflation or death by fees.  The result is a logarithmically increasing supply of logs.  

supply = 1000000* ( log(nHeight) + gamma )   -  forest

   where gamma = euler-mascheroni constant
              forest  =  5187377.51763962

This is a long term release plan.  
Money supply limit: 27625814.3 LOG  
However these coins will not all be released until after the Julian calendar year 300 million.
Half the coins will be released in roughly the year 2305.  
For more information on how a logarithmic release schedule works please see the whitepaper.  

The supply is entirely specified by this code:  
Code:
CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
    int64_t nSubsidy = 1000000 * COIN;
    if (nHeight<100) return 1*COIN;
    else return nSubsidy/nHeight;
}



3) First prime256v1 ECDSA curve coin.

Well, we don't have any demonstrably robust reason to distrust secp256k1 but a little cryptographic diversity can't hurt.  This is the ANSI X9 standard curve published for financial institutions and we use it for digitally signing your logs and creating your woodcoin addresses.  

NEW RELEASE - NORTHERN SPRING EQUINOX - 2017


 
Woodcoin-Core is Armed and Fully Operational

https://github.com/funkshelper/woodcore

Segwit enabled with all bells and whistles.
SPECIAL THANKS TO:
sipa, nullc, coblee
litecoin dev team
bitcoin dev team

GetWork status pending, please use GetBlockTemplate with woodcoin-core for the moment. 


MORE DETAILS
Port: 8338  Testnet: 18338  Rpc: 9338
Speed: 2 min. blocks
Difficulty: 1 hr. adjust

No premine.  No company.  No pickaxe required.  No PoS.  No fiat.  Open source.  
Inspired by the game Movoda and other timer based games with woodcutting.


FOREST
The steepest part of the logarithmic curve is the very start.  The rewards of the first 100 blocks were therefore set to zero to avoid these high rewards.  These blocks would have yielded more than five million LOG, so these form an old growth forest that will never be chopped.  The ents are safe here.  The money supply formula above therefore needs to have this forest subtracted.  The trees are our friends and guardians, treat them with respect!  The trees of the world will be more honored and respected as we move into a post-fiat world.  This coin is made with respect for the trees as our allies, brothers, sisters, and equals.  In addtition to the first hundred blocks, other donations to the forest have been accepted at this address:

WeHonorTheForestsAndTheTrees4pPXTQ

As of Mar. 2015 there are 485,000 LOG in this address.  These LOG are effectively removed from the money supply.  

http://explorer.woodcoin.org/address/WeHonorTheForestsAndTheTrees4pPXTQ





DEPENDENCIES
This should build as bitcoin does:

sudo apt-get install git build-essential libboost-all-dev libcurl4-openssl-dev libdb5.1-dev libdb5.1++-dev qt-sdk libminiupnpc-dev
git clone https://github.com/funkshelper/woodcoin.git

TO MAKE WOODCOIND (command line chopper)

cd woodcoin
make -f makefile.unix
./woodcoind &
(now you need to create ~/.woodcoin/woodcoin.conf as instructed)
./woodcoind &
./woodcoind setgenerate true

TO MAKE WOODCOIN-QT (gui chopper)

cd woodcoin
qmake
make
./Woodcoin-qt

WINDOWS VERSIONS (contributed by woodcutting community)

http://woodcoin.org/static/woodcoin-qt.exe

MAC VERSION (contributed by woodcutting community)

http://woodcoin.org/static/woodcoin-qt.dmg

"Blockchains are log structured databases" - Funkenstein the Dwarf

"Chop Merkle Trees every day" -  Unknown

EXCHANGES

Please be cautious and understand the counterparty risk inherent in these exchanges.
We are currently listed on four exchanges.

Currently #1 exchange in LOG volume as of Oct. 05, 2016:


https://c-cex.com/?p=log-btc

[Coin-E link removed, trading is reported down]
[Empoex link removed, trading is reported down]

New Exchanges (Oct. 2016) :

Crypto-trade dot net :
https://crypto-trade.net/exchange?base=LOG&counter=BTC

Nova Exchange :
https://novaexchange.com/market/BTC_LOG/

Mega Crypton:
https://live.megacrypton.com/market/106


BLOCK EXPLORERS

http://explorer.woodcoin.org  

http://cryptoguru.tk/CurrencyInfo/index.php?Currency=LOG


FAUCETS

http://woodcoin.club/

http://cryptoguru.tk/Faucet/index.php?Currency=LOG


POOLS:

http://wood.suprnova.cc

http://coinspool.cu.cc/info_woodcoin

http://yiimp.ccminer.org/

http://louhimo.club


MINERS:

See http://woodcoin.org/downloads

cpu miner:    https://github.com/tpruvot/cpuminer-multi

nvidia gpu miner:   http://ccminer.org/

NVIDIA gpu woodcutters - use CCMINER with SKEIN2


"Give me control over a coin's checkpoints and I care not who mines its blocks."
http://vtscc.org
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October 22, 2014, 02:44:56 AM
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Umm ok I'll be a woodchuck, were do I sign up lol

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October 22, 2014, 02:48:42 AM
 #3

When can we expect a soundtrack? Will that be on the github?

This post sums up why all this bullshit is a scam
Read It. Hate It. Change the facts that it represents.
https://bitcointalk.org/index.php?topic=1606638.msg16139644#msg16139644
funkenstein
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October 22, 2014, 02:51:23 AM
 #4



[reserved]

"Give me control over a coin's checkpoints and I care not who mines its blocks."
http://vtscc.org
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October 22, 2014, 03:10:08 AM
 #5

Diff on the rise...
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October 22, 2014, 04:33:42 AM
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qt.nokia.com is not loading
eKiTeL
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October 22, 2014, 04:48:17 AM
 #7

qt.nokia.com is not loading

I haven't chopped logs with a handheld device yet, sorry Smiley   Only 9 choppers at the moment.  Difficulty 1.7


Qt Mac OS X SDK is supposed to be at http://qt.nokia.com/downloads/sdk-mac-os-cpp
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October 22, 2014, 07:33:04 AM
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qt.nokia.com is not loading

The new Qt site is here: http://qt-project.org/

http://qt.io/ is their site for most downloads (also genuine)
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October 22, 2014, 08:15:45 AM
 #9

When can we expect a soundtrack? Will that be on the github?

Soundtrack is lower priority on the devlist now, sorry.  
I don't want to give too many hints but think Zhou Tonged meets Monty Python Wink

"Give me control over a coin's checkpoints and I care not who mines its blocks."
http://vtscc.org
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October 22, 2014, 08:22:54 AM
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Building wallet.

Dev, you have PM.

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October 22, 2014, 08:49:17 AM
 #11

Woodcoin - LOG has been added on EmpoEX.

We wish you happy trading and good luck.


( Click on logo to get redirected )

Use following code to add us in OP:

Code:
[url=https://empoex.com/trade/LOG-BTC][img width=300]http://i.imgur.com/HTfbFXl.png[/img][/url]

Make sure you retweet our tweet and get more attention in your topic.
https://twitter.com/EmpoExchange/status/525269753615908865

EmpoEX Team

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October 22, 2014, 09:18:27 AM
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We are considering to list WoodCoin on EmpoEX if there's enough interest from your community.

https://empoex.com

https://bitcointalk.org/index.php?topic=824587.0

EmpoEX Team

I'd like to see it.
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October 22, 2014, 09:30:20 AM
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I'm shure that also www.betasharex.com is going to add you Wink

Contacting them now via ticket to add WoodCoin! It could be a great opportunity to let everybody knows about woodcoin and woodchopping! Tongue

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October 22, 2014, 09:50:09 AM
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I was contacted to set up a pool - which is no problem really - but currently there is no stratum miner either if i'm correct ?

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
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October 22, 2014, 10:32:41 AM
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I was contacted to set up a pool - which is no problem really - but currently there is no stratum miner either if i'm correct ?

No stratum woodcutter yet.  Diff is low now, you can solo chop Smiley

Okay i'll chop some ! Wink

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
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October 22, 2014, 10:48:43 AM
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"Give me control over a coin's checkpoints and I care not who mines its blocks."
http://vtscc.org
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October 22, 2014, 01:00:05 PM
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Smoothest release ever? lol.
Watch this.
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October 22, 2014, 01:04:53 PM
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Looks Good, finally something sneaky and new Smiley

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
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October 22, 2014, 01:27:03 PM
 #19

any chance we get a chainsaw soon?i mean GPU miner

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October 22, 2014, 02:00:35 PM
 #20

We like it! Nice to see another coin with our lineage marks in its code. Your GUI mining bits are out-dated for QRK based coins, we would suggest you check out this commit:

https://github.com/MaxGuevara/quark/commit/2895bdb66730be86f08d741e1555fb1c68a1ed47

For a better/cleaner way of doing the GUI mining.

For those interested, here's a Windows build:



https://mega.co.nz/#!jcE30BKC!tIyT-GLa8kJn26-19LqubfoRo9pS8kw8COZYExsopDg

Its clean aside from having the "setgenerate" command which flags as a "Bitcoin Miner:"



Happy to take some wood should anyone want to send some twigs: WhKvXUTVy1ZMV3qeBpR3WD8AWBYn7mYAEe
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