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Title: NVC is CENTRALIZED by Balthazar Post by: smoothie on February 14, 2013, 07:36:45 PM Centralization = Power = Broken Code = Corruption = Fail = Scam
Title: Re: NVC is CENTRALIZED by Balthazar Post by: Maniac on February 14, 2013, 08:00:33 PM Title: Re: NVC is CENTRALIZED by Balthazar Post by: Vitalicus on February 14, 2013, 10:21:20 PM SUPPRISE !!!
I wll annonce my NEW coin in 2 week. SuperNovaCoin (SNC). I have premined 200.000 ;D and I minning yet. Title: Re: NVC is CENTRALIZED by Balthazar Post by: xorxor on February 14, 2013, 11:08:18 PM this forum should have a customized troll graphics :
http://s18.postimage.org/gvxj0d2a1/4_DOap_Q1360882807.jpg Title: Re: NVC is CENTRALIZED by Balthazar Post by: smoothie on February 14, 2013, 11:12:32 PM this forum should have a customized troll graphics : http://s18.postimage.org/gvxj0d2a1/4_DOap_Q1360882807.jpg so funny to see a smoothie troll eh? who'd of thought? Title: Re: NVC is CENTRALIZED by Balthazar Post by: Cyrus on February 14, 2013, 11:39:30 PM Like Satoshi didn't premine a buttload of coinage(2.1mil?)
Title: Re: NVC is CENTRALIZED by Balthazar Post by: Monster Tent on February 14, 2013, 11:40:54 PM Like Satoshi didn't premine a buttload of coinage(2.1mil?) The difference is he deserves them. Title: Re: NVC is CENTRALIZED by Balthazar Post by: smoothie on February 15, 2013, 12:19:14 AM Like Satoshi didn't premine a buttload of coinage(2.1mil?) The difference is he deserves them. +1 Title: Re: NVC is CENTRALIZED by Balthazar Post by: coblee on February 15, 2013, 12:53:36 AM Like Satoshi didn't premine a buttload of coinage(2.1mil?) The difference is he deserves them. +1 I premined 100 ltc. I want to think that I deserved them too. That's worth about $7. I think I might go buy myself a couple smoothies! :p Title: Re: NVC is CENTRALIZED by Balthazar Post by: smoothie on February 15, 2013, 01:24:43 AM Like Satoshi didn't premine a buttload of coinage(2.1mil?) The difference is he deserves them. +1 I premined 100 ltc. I want to think that I deserved them too. That's worth about $7. I think I might go buy myself a couple smoothies! :p This is probably the funniest post I've read in a while hahaha! I need me a smoothie...for realz! Title: Re: NVC is CENTRALIZED by Balthazar Post by: 🏰 TradeFortress 🏰 on February 15, 2013, 06:58:37 AM Like Satoshi didn't premine a buttload of coinage(2.1mil?) Satoshi announced the existence of the bitcoin network and the availability of his software on the day he started it, on a cryptography mailing list. The first block is dated from january 3rd, 2009. In order to determine its hash, the first block uses a newspaper title from that same day, which proves that the date was not faked.So no. Title: Re: NVC is CENTRALIZED by Balthazar Post by: Cyrus on February 15, 2013, 01:14:16 PM Interesting...
I heard something about he keeping 10%, not for profit, just to have power if some malevolent organization/government tried to harm the btc economy. Title: Re: NVC is CENTRALIZED by Balthazar Post by: jjiimm_64 on February 15, 2013, 01:16:46 PM Like Satoshi didn't premine a buttload of coinage(2.1mil?) The difference is he deserves them. I read somewhere it took a couple of days for him to mine the first few blocks... he did not have a gpu after all. where do you get 2.1M ? i call BS Title: Re: NVC is CENTRALIZED by Balthazar Post by: DarkHyudrA on February 15, 2013, 01:24:25 PM In the first few blocks there wasn't a miner for GPU if I can read well.
Title: Re: NVC is CENTRALIZED by Balthazar Post by: iHeartSmartArt on February 15, 2013, 01:39:51 PM Centralization = Power = Broken Code = Corruption = Fail = Scam bitcoin -Maybe by satoshi litecoin - Not to my knowledge. but the difficulty is so low it could be cracked and centralized Rucoin - Openly acknowledged to be centralized what are some more / corrections to my list? Title: Re: NVC is CENTRALIZED by Balthazar Post by: DarkHyudrA on February 15, 2013, 01:53:12 PM Centralization = Power = Broken Code = Corruption = Fail = Scam bitcoin -Maybe by satoshi litecoin - Not to my knowledge. but the difficulty is so low it could be cracked and centralized Rucoin - Openly acknowledged to be centralized what are some more / corrections to my list? Good that you said that you don't understand Litecoin at all. It has a small difficulty because it use the Scrypt, and not the SHA256 method. Title: Re: NVC is CENTRALIZED by Balthazar Post by: Cyrus on February 15, 2013, 04:30:42 PM If Satoshi was the first one to mine... at first he was the Network! Damn, that sounds like Matrix :D.
So his hash rate, no matter what if was.. was the total power of the network. And of course, the diff would be according to the hash rate. I didn't want to sound certain about Satoshi premining 2.1m, but hey, would be interesting to see where such a discution would lead. Title: Re: NVC is CENTRALIZED by Balthazar Post by: tacotime on February 15, 2013, 04:34:35 PM Good that you said that you don't understand Litecoin at all. It has a small difficulty because it use the Scrypt, and not the SHA256 method. The small difficulty is actually a result of the faster block generation algorithm. Actual difficulty in terms of number of trailing zeroes for the block header hash is different. Title: Re: NVC is CENTRALIZED by Balthazar Post by: coblee on February 15, 2013, 06:06:18 PM Good that you said that you don't understand Litecoin at all. It has a small difficulty because it use the Scrypt, and not the SHA256 method. The small difficulty is actually a result of the faster block generation algorithm. Actual difficulty in terms of number of trailing zeroes for the block header hash is different. Not quite. The small difficulty is because it takes longer to produce each scrypt hash when compared to Bitcoin's sha256 hash. It's about 1000x difference when you compare the same GPU mining bitcoins and litecoins. So a 500 mhashs/s network hashrate is about equivalent to 500 ghashs/s for Bitcoin. Title: Re: NVC is CENTRALIZED by Balthazar Post by: iHeartSmartArt on February 23, 2013, 01:21:52 PM Thanks colbee,
litecoin is using script which is different then bitcoins. This difference does what? are their advantages to each? Forgive me, im so not a computer engineer. colbee, why do you think satoshi did not use script? sha256 hash is 1000x faster and therefore ____? Better then script for ____? Thank you. Title: Re: NVC is CENTRALIZED by Balthazar Post by: L.Quinttero on March 22, 2018, 06:24:25 PM Hey I am a journalist working on a BTC-e story.
Do you have any evidence that Alexey Demidov (Balthazar) was the technical founder? Please LMK |
