Bitcoin Forum

People have been talking about it, everyone has probably thought about it, so it was only a matter of time before someone came and built it – introducing Harambecoin!

A commemorative digital currency named in honor of the Gorilla that has captured all our hearts, Harambecoin is a small tribute to a large monkey.

http://i2.mirror.co.uk/incoming/article8075004.ece/ALTERNATES/s615b/Harambe.jpg
RIP Harambe (1999 – 2016)

So what's this all about?

Before everyone starts blasting away with the inevitable criticism, here's a little bit about the vision. The goal of Harambecoin isn't to create some new complex crypto contract transaction layer that appeals to a smaller and smaller niche of enthusiasts, it's about bringing people together and hopefully bringing some of the fun back to the crypto world – the way Harambe would have wanted it.

Right now I'd love to hear from anyone interested in getting involved in this project in whatever way you would like. Coding skills are always in demand, but anything from graphic art, games, memes, or just coming to hang out is welcome. Hop onto IRC at #harambecoin on freenode or post in this thread.

Technical Specs [thus far]

Algo: Scrypt
Max Coins: ~2.5 billion
  -block reward decays at an exponential rate on a monthly basis
Block Time: 90s
Difficulty Retarget:
- still being tested; using variations on DGW and Digishield as well as some other methods that are less well known
 
Looking for some feedback into this, specifically if someone can give me a legitimate reason to go in a different direction with any of these parameters. Otherwise the majority of the code is complete and ready to go so I'm estimating launch in around a week or so.

For those interested, the current [incomplete] code is available on github:

https://github.com/harambe-dev/harambecoin

Lets get this party started!

Great great great
Lets get this party started!

at last i was waiting for this coin for so long


http://i.iheart.com/v3/url/aHR0cDovL2NvbnRlbnQuY2xlYXJjaGFubmVsLmNvbS9jYy1jb21tb24vbWxpYi83MDAvMDYvNzAwXzE0NjQ4ODk0NDcyLkpQRw==?ops=maxcontain(630,473),quality(80)

willing pay for ICO IF you have any plans for reincarnation the gorilla !

where win wallet

finally, harambe is being honored.
Thank You Very Much Dev.

Dicks Out For Harambe!


now do something about that coin supply
lol 2.5 billion ? what is this 2014 ?
 

2.5 billion is actually too much these days, much better if you can lower the coin supply.

Yeah lower the supply by a lot. Like a lot.

hash out for harambe motherfuckers!! let's do this

Ok, I'm open to suggestions. I can alter the reward function and I'll post something showing the curve. How bout for starters if I take it down by a factor of 10 to ~250mil? Does that sound more reasonable?

Reasonable should be somewhere between 1 and 10 million.

i say we make it 17 Million total coins

17 years old haramabe <3

Yes, 17 years sounds great.

any bounty?

any bounty for translation? i can do Filipino translation if you wish.

Heh I like this number too. I actually designed the curve so that even though the reward rate drops off exponentially it should reach the max reward after right around 17 years. So I think 17 million coins over 17 years sounds like a win.

Wallet for windows available yet ?
 ???

Still making Bill Cosby jokes in 2016?

Also, I agree, 2.5 billion is way too much, it would just cause inflation and lower the value of the coin.

Bounty for Pool?

Reserved post.

looks good project,
and dev if u need translation than i will do hindi ,indian

When will Harambecoin be available to mine?

wallet and bounty please?

Looking to finish the majority of the code that needs to be updated today and then and day or two to test everything and compile binaries for release. Should be done by the middle of the week so end of the week will be the official launch.

As far as bounties go I'm a little torn on what to do. I think it's necessary to have some bounties, but that means I'll have to do a premine to be able to fund them and that's something I'm not the hugest fan of. I'll need to look and try to figure out a number that's fair that I can reserve for bounties. The only real way I know how to do this is going to be to put it all into one block and then once things start moving and a bounty list gets put together, everyone can verify that the bounties eventually get paid out from that account. That said, I'm open to feedback but I feel like they should be used for significant contributions so expect to have to do more than a 5 minute photoshop session if you want to earn some of it.

People will support a coin, if the coin has true value. You don't need a promotion for that. You need to premine or do some other thing like you said above to reserve for bounties.

The Bounty Whores can fuck right off
either POW like the rest of us or GTFO.

Okay a little delayed but everything came together in the end. Most likely I wasted too much time trying to make the logo and such especially since I'm by no means an artist and I suspect someone could easily do a much better job in a fraction of the time (that said, there are a bunch of stock litecoin graphics that could use a harambe refresh). So for a few more technical details now that everything has been tested a bit more:

- Exponential reward decay curve where Block Value = e ^ (2.5 - 0.01 * (height / 29200) truncated to two decimal places

This may look a bit convoluted but it's very similar in theory to the exponentially decaying reward structure used by bitcoin and most others, except hopefully providing a little more granularity in reward changes. 29200 is the nominal number of blocks solved in a month at a 90s blocktime so the block reward should change ~monthly.

- Using DGW3 as difficulty adjustment algorithm, modified slightly with a 12 block average vs 24

Played around with this for a while, mostly trying to implement MIDAS or variants of it as that seemed more promising but it ended up either breaking or just not performing well on most of my attempts. DGW3 seems to work fairly well for most scenarios - the only thing that was a bit of an issue was the time it takes to catch up to large hashrate changes, but hopefully after launch once the hashrate stabilizes this won't be an issue. This was also the reason that the 12 block average was chosen in order to try to boost the 'reaction time'.

- 10,000 coin premine

Decided that I would take the middle road here between nothing and 50% premine airdrop to the national wildlife foundation  ;). During the first month that's less than the number of coins produced in a single day and is such a small fraction of the total that I don't think anyone should be too upset about it. I'll try to layout some specific projects/bounties, but moving forward there's a lot of updating that needs to be done to move the codebase to the new build system which I could definitely use some help with and there's tons of other things that can be coded to support the coin so that's what I intend to use the majority for. Although now reflecting on what I said previously, I take back the part about not using any of it towards graphics. Obviously it will be proportional to the effort but I think that we can have a lot of fun making the "harambe memorial satoshi client", aka the greatest piece of software ever made.

Anyway let me know if anyone has some last minute thoughts otherwise I'll make an announcement thread in a day or so and upload the release version.

Its minning only dev ? Any bounty ?

Asics out for Harambe.

why didn't you also post a link in this thread, you d-nozzle of an OP?

https://bitcointalk.org/index.php?topic=1628358.0

thread continued...