Bitcoin Forum

https://i.imgur.com/lagGfet.png
What is Abstract Coin?

Abstract Coin is a new type of good! It is an imaginary good. it exist because i says it does! Abstract Coin transactions can appear anywhere on this forum, simple by making a post with the right protocol. I can send you Abstract Coins by making a post anywhere on the forum, and you can then assign all or part of these coins to anyone else on this forum. Its supply is strictly limited to 1 coin. Abstract Coins are infinitely divisible and impossible to counterfeit! They can be transfer between bitcointalk.org forum members.


How does Abstract Coin work?

You must quote the post that proves you were sent some Abstract Coins or the last transactions you pushed and then you can assign all or some fraction of these coins to someone else, by making a post. the first entry is the Genesis entry this entry will assign the one and only Abstract Coin coin that will ever exist to me adamstgBit.

here is it! the Genesis entry for Abstract Coin


I, AdamStgBit am now the proud owner of 1AC
I will now send 0.001AC to user "ChartBuddy" watch closely.

|AC8DN93M| (1AC)AdamStgBit(0.999AC) -> ChartBuddy


I now own 0.999AC and ChartBuddy owns 0.001AC

Its as simple as that!

what stopping someone from being dishonest?

anyone can try and create a post and make it look like i sent them some AC and then claim to have these coins, But! since i never made a post assigning the Abstract Coins the link of the quote that is supposed to prove I send them these coin wont work. It is up to the participants to make sure the person they are dealing with actually owns these coins, by clicking the link on the quote to verify the validity of their claim to some Abstract Coins.

what about double spends?

If someone sends you 0.001AC what's stopping you from quoting that post over and over sending Abstract Coins all over the forum to everyone!? thats what the transaction code is there for, when you send someone some Abstract Coins you attach with it your personal random code that looks like this "|AC63n78dn|" you the sender makes up this random code, and you use the same code every time you send some Abstract Coins. that way we can verify if a user has created a dishonest Tx or a double spend with some simple searching. See all the transaction i have ever made by searching for  "|AC8DN93M|"

Beta Testing!

This is an experiment, for fun, lets see what happens  :D  In theory these coins can be moved anywhere on the forum, but i would ask we keep the transactions on this thread, during beta testing.  the hope is that in the end with some tweaking to the protocol, people could place some value on these imaginary coins.  I am giving away random amounts to anyone who wants some.
post your interest below.

Gimme.

|AC8DN93M| (0.999AC)AdamStgBit(0.899AC) -> Hazard


ok you now own 0.1AC

This is a really cool demonstration of just how physically worthless a cryptocoin is. Can I have some?

LOL



|AC8DN93M| (0.899AC)AdamStgBit(0.889AC) -> ohhaithere

this is premined and you are hoarding the entire supply  ;D

there appears to be some bugs in the protocol...

wtv i deem these transactions to be valid forever even if the protocol changes !   :D


**hmmmm  how do i do this exactly**

I'm giving it all away!

|AC8DN93M| (0.889AC)AdamStgBit(0.869AC) -> fredtrader


you now own 0.02AC

congratulations!

|WC8FR84K3| (0.02AC)fredtrader(0.001AC) -> AdamStgBit

Not anymore

 ;D

Unfortunately this section of the forum allows you to edit and delete posts.

please try to create a fraudulent TX, i dont think its possible

here 0.1AC to play with.

|AC8DG84KD| (0.888AC)AdamStgBit(0.788AC) -> nimda

once i have given all my coins away i will attempt to buy them all back at the rate of  0.2BTC / 1AC

or not...

more than likely someone will hack it start creating Abstract Coins in MASS, and they will be worthless  :'(

I'll send 0.01 back to you
|738551740| (0.1AC)nimda(0.09AC) -> AdamStgBit

I would like some AbstractCoin, please  :)

What's to stop someone deleting their posts to double-spend, messing up all future transactions leading from those double-spent transactions?

We need mining. ;D

Start with a genesis post listing the known transactions so far (not too hard, they're all in this thread) & setting a problem of some kind for proof of work.

Anyone who solves that problem can write another post which confirms the previous post (quoting it) and lists new transactions they can find that have been sent since then (and picks up any mining fees), and sets the next problem.

It would need a small change to the original TX protocol: show the amount that goes to the recipient as well as the change. Anything left is fees.

If you found this helpful, please donate some Abstract Coins.

hmmmm. I'm not to sure about this but I would love some abstractcoin to do abstract things with.   :)

interesting,
I will think about this, thank you for your input!

---

I will be sending out more free Abstract Coins tomorrow
sleeping....

Fucked again! Only the early adopters will get rich with this scheme. Unless...

Introducing BAM (Butterfly Abstract Miners):

Meet the Team:

* An ex-felon.
* A filthy-mouth PR guy.
* The French Banker/Engineer.
* A chicken raiser.
* A host of photographers that'll rarely show pics.

And last, but not least, our mosfet mascot.

http://blogs.sj-r.com/alo/wp-content/wooden-abe.jpg

So this is the abstract faucet? I'm in for some.

How soon can we start a hardcore wall observer?

Ha!  That's what Ripple says, too.

Well, that didn't take long! Already there's four, count 'em--4--abstract forks:

http://www.africandaydreams.com/uploads/5/3/3/6/5336998/4912454.jpg?586

I thought I would also take the liberty of offering up some potential Abstract Coin designs. Let me know what you think!

https://upload.wikimedia.org/wikipedia/en/thumb/6/63/Robert_Delaunay,_1913,_Premier_Disque,_134_cm,_52.7_inches,_Private_collection.jpg/300px-Robert_Delaunay,_1913,_Premier_Disque,_134_cm,_52.7_inches,_Private_collection.jpg

http://3.bp.blogspot.com/-_qcQrhDy8aM/UD3BdEyP5NI/AAAAAAAACYk/bBfg01nKmDU/s1600/abs5.jpg

https://s-media-cache-ec6.pinimg.com/avatars/zuzkalight_1356588101_600.jpg

https://upload.wikimedia.org/wikipedia/en/thumb/6/63/Robert_Delaunay,_1913,_Premier_Disque,_134_cm,_52.7_inches,_Private_collection.jpg/300px-Robert_Delaunay,_1913,_Premier_Disque,_134_cm,_52.7_inches,_Private_collection.jpg

Nailed it! Very sexy design with pic #3 missing the mark. Pic #2 reminded me to ask when's the next episode of The Abstract Show (el Abstract Show en espanol) on Only1TV?

Rumor has it that a conference, location TBA, is in the works. Any truth to said rumor? I'm not sure, but I believe Pic #2 is a clue as to where the boys are hoping to hold the conference.

I'm teaming up with a South Korean to start a magazine entitled AbCoinMag, ACM for short.

First Abstract Coin tattoo:

http://rattatattoo.com/wp-content/uploads/2013/04/Watercolor-flowers-and-skulls-combine-to-create-a-butterfly-in-this-artistic-abstract-tattoo-by-Sven-Groenewald-643x857.jpg

it sad for me to post this here.but i lost everything to a fire and need help from abstract coin community.to show me not liing, here is proff of fire...

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcTLNhTYJGuijhFBskniGIjy8OyZ9B9AcPktkwVqU8qEOElG-bLR

i am not begger.just asking for short time loon.i always pay me depts so u can trust me.once i rebuild i will pay back all i borrow.as collataral i give my word.

thnk you in advanse.

Dude, you have serious issues!

I'd like to buy an abstract pizza with Abstract Coin.

http://www.freakingnews.com/pictures/40500/Salvador-Dali-s-The-Persistence-of-Pizza-40525.jpg

I'll also help you a little bit....  :P

https://i.imgur.com/lagGfet.png

lol'd hard when reading these comments

sending out freebies




|AC8DG84KD| (0.838AC)AdamStgBit(0.828AC) -> BitcoinAshley      ( thats 0.01AC )
|AC8DG84KD| (0.828AC)AdamStgBit(0.808AC) -> TsuyokuNaritai    ( thats 0.02AC )
|AC8DG84KD| (0.808AC)AdamStgBit(0.798AC) -> True___Blue       ( thats 0.01AC )
|AC8DG84KD| (0.798AC)AdamStgBit(0.788AC) -> Phinnaeus Gage  ( thats 0.01AC )
|AC8DG84KD| (0.788AC)AdamStgBit(0.778AC) -> calian               ( thats 0.01AC )
|AC8DG84KD| (0.778AC)AdamStgBit(0.768AC) -> batcoin             ( thats 0.01AC )
|AC8DG84KD| (0.768AC)AdamStgBit(0.758AC) -> Boi qaaf            ( thats 0.01AC )
|AC8DG84KD| (0.758AC)AdamStgBit(0.658AC) -> NamLaLai          ( thats 0.10AC  i like the logo!)


simply by saying i send you x amount of  Abstract Coin makes it so.
proving ownership is a simple matter of looking at the history.
there are some obvious issues with Abstract Coin, that will need to be addressed



to name a few:
what if i edit or delete my post, what happens then!?
what if i make a mistake on the TX?


I think we can find clever solutions to these problems.

when i have time i will dream up wacky solutions.


fun thought experiment is fun!  :D

But what if forum moderation policies change and those coins get banned?  ???
Wouldn't it be safer to have copies of these coins in other forums?  ;D

I know a guy in Utah!

Seriously, I love this thread. Albeit, created tongue-in-cheek, I think, therefore I am penning this, that this Abstract Coin thingy has the potential of sproutin' legs. Maybe not in its current iteration, but tweaked and relaunched, it could do better.

That said, <not-so-serious-mode-on> we need a foundation. I suggest that the founding members be pillars of the Abstract Coin community, with Adam as the chief scientist. And yes, it's a paying position, as has already been demonstrated--Adam pays himself.

The Abstract Coin genesis block should include the following news headline: US Government Seizes LibertyReserve.com

<serious mode> People are weird! They're probably more apt to get their head wrapped around Abstract Coin then Bitcoin.

Abstract Coin should be designed so that it's never capable of laundering money. Although laundering crypto-currency may be one of its uses.

Adam, what's the current market cap of Abstract Coin?

Benefits of Abstract Coin:

• No electricity cost associated with it since no mining rigs are use.
• One only has, and will be ever created, albeit divisible by X.

Feel free to add to the above.

Reread the OP, hence quoting this post.

dildo!me to quoting post to lock in me coin.me soooo happy.

Why ain't I on the list. You gave that cocksucker Phinn one and that fuck face (pun intended) Boi qaaf one, yet I get shit. How do we really know that all those who posted on this thread are not all your sock puppets, with me being the only person not affiliated with you.

I ain't no lawyer, but I'm pretty sure that there's some law broken, for there's no way that one can create a money system outta thin air, let alone from one's mind.

So here's the deal: Either pay me my well-deserved Abstract Coin and I support you or suffer the consequences.

This threat brought to you by Al the Alpaca:

Signed:

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2TU2+twrSGOCnw3sdyK+35QatYT6PzImNO1bVcvGdLd+dnYDuGBsemWp89GSzhiOsfQIfI5P
C3PAppSFe0znd12OL0RTuBKXr+Squ/iqvmeTdYn4DB+8YscDxeoAniGC/40RJScEhi43/nck
pHYdaWERAJ0QqvxslzkWnVD62Ce3k02m4GXVZ7kBDQRMEjLzAQgA2qQmfR70uXiapr+e2YIy
Zlz9mwCxUDaJE1AEIkswhwdGjpdJhqy+ss/LJJaEzSC0T0VYL8Wb8mnmFcVGAZHZ99N61fUO
w0xXALiEMwEGeWzFb2xZVM0WD/NiT8TiStL7kX8FFIqscEr4sLm7oIHLdFr6bs8Dv44tHk61
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Mr7V2TojBlaKNG5rsamBVGS/n3AjO7gWDQARAQABiEkEGBECAAkFAkwSMvMCGwwACgkQ5JOw
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quoting post to lock in me coin

will become part of the protocol shortly.

Chill, Al! I'm sure Adam will be giving you an Abstract Coin, and not because you threaten him either. It probably was just an oversight on his part, for obviously he's been pretty busy developing AbCoin. Soon, others will join him in the developing department, freeing him to do... Not sure what that'll be, but it would sure free him up.

The worlds first Abstract Coin blackmail!

woot woot! its working!  :D


|AC8DG84KD| (0.658AC)AdamStgBit(0.608AC) -> Al the Alpaca  

Dear Adam,

Thanks for the 0.01 AC sent. Just to further contribute - shouldn't we all agree on what to call the smaller divisions of Abstract Coins? I kinda like the idea of Absents, or should it be Absence... Abcents?? Sent?

I am also thinking of starting the first Abstract Food stand. Pizza sounds good, but I don't really like stealing someone else's idea, i.e. the Bitcoin pizza sale. Hence, the following:

http://fc03.deviantart.net/fs71/i/2010/077/2/f/Abstract_Food_Design_by_alanbecker.jpg

LMAO,

i think Abstract Coin has some potential, but in it current form it is hard to verify claims to Abstract Coins, hopefully i can come up with a way to overcome this difficulty.

in the meantime, I have code to write as i am a depth slave   :-X

Here it is! So currently the potential market cap of Abstract Coin is 0.2BTC. Is that correct?

I am so happy now! Thanks, bud.

Now, off to the trading section to try to sell it.

Done! https://bitcointalk.org/index.php?topic=219401.0

WTF!

Hey, would like to try it out. Like the name of it :)

Did you sign up to get in the queue?

Why did Al the Alpaca get 0.05AC and I only got 0.01AC? The SOB tried to blackmail you, then he's awarded.

Also, why is this thread lagging during the sell-off, but speeds up during the buy-back?

Yeah, it's total bullshit that he got 0.05AC. Good thing is that he is selling them for only $100. I wouldn't even sell 0.01AC for that amount! Cheap Abstraction!

I concur! On a positive note, between Al's offer to sell, you claiming the price is too low, and me concurring such, we now have a better market cap estimate.

1AC = $2,000 USD/15.16 BTC

Hey, FRAUD!!
You edited my quote!

I only send 0.01 back to you >:(

you edited your post

oh oh its about to fall apart

ahhh sell everything!!!

No, wait! I have a pizza ordered. https://bitcointalk.org/index.php?topic=219401.msg2310255#msg2310255

when mining is introduced in the new patch, everything will be ok

All users of AC-beta versions 0.1 and earlier are required to upgrade to 0.2 or apply a manual workaround by May 15, 2014.

I propose that all further Abstract Coins be given away by Adam in no larger than 0.01AC within a certain time frame, possibly one month. If the task is too much of a burden on him, then he should give authority to some trusted members to help complete the task by allowing them to also give away AC on this thread.

Check this shit out, bitchez. The idea is spreading!

http://www.artfire.com/ext/shop/product_view/modern_abstract_art/3951919/modern_abstract_paintings_money_coin_feng_shui_oil_on_canvas__2028/fine_art/painting/abstract (http://www.artfire.com/ext/shop/product_view/modern_abstract_art/3951919/modern_abstract_paintings_money_coin_feng_shui_oil_on_canvas__2028/fine_art/painting/abstract)

This is the most beautiful thing I've ever seen in my life:

http://www.artfire.com/uploads/product/9/919/51919/3951919/3951919/large/contemporary_abstract_painting_money_coin_modern_oil_paintings_60_x_32_by_bo_yi_studio_2028_747de371.jpg

WAIT! Isn't that artwork by the guy whose house burnt down a few post back?!

Odd, that he saved the only thing valuable in his home.

On a side note, I just discovered the hand gesture used to recognize fellow AbstractCoinUrs:

http://farm1.staticflickr.com/97/231951067_6dda3b115c_z.jpg?zz=1

Coming Soon!

A representative of Abstract Coin has just closed a deal to get the first ever restaurant to accept AC. Apologies for not disclosing which restaurant, but here's proof that the meeting did take place. As you can see, the proprietors seem keenly interested.

https://i.imgur.com/Jdme2hM.jpg

Umm... I hate to be a picky little anal hair-splitting bitch, but shouldn't this thread be listed under alternate cryptocurrencies?

Or the development section.

MODS!

Here's a guy trying to cheat me out of half of the AC's I own, and he claims that I edited my post!

For reference:

Shouldn't this be in the scam section?

EDIT: Upon reading it further, Adam didn't really give you anything. Only something to play with. Now that you're done playing with it, he has it back. He even went outta his way and gave you 0.01AC.

Seriously, I don't think you have a case. But let's see what the lawyers have to say after you open up such a thread.

WTF! They did move this thread.

Actually, that's good news, for now Abstract Coin has cred.

Slogan idea:

Abstract Coin: An Idea Worth Thinking About

This one's got legs one can ride all the way to heaven. Just give it a few years. Keep those hands strong!

Scandal!
Abstract Coin's protocol has been compromised by user  "nimda"
he pushed a transaction sending me half the coins i sent him, back to me
then later he edited his post and is now claiming to have only sent 0.01AC back to me

can Abstract Coin overcome this exploit?

who knows!

I will only reply with this. It is the ONLY solution.

http://wallpapers-diq.net/wallpapers/12/Perfect_Match.jpg

This Abstract Coin has me all fucked up. I can't remember which ideas I've posted were meant as serious or sarcastic.

I love this coin!

Seriously, I'm serious about this coin, with my sarcastic comments tossed in for humor effect. Thanks to the nature of this endeavor, we all get to decide, individually, which is which.

I further propose that no actual online exchange is created to set the value of Abstract Coin. But, once a year, an outdoor trade show with vendors only accepting AC is organized to dictate the following years exchange rate. The vendors charge the previous year's exchange rate, profiting at the end of the show when the new rate is announced.

A matrix will need to be devised as to how such can be accomplished fairly and honestly, but it will be all done in the open for all in attendance to see.

I'd like 5,000,000 Abstract coin please.

I hope to dear Jehovah that the media doesn't pick up on this. We don't need this type of publicity at this early stage of development.

Please get it rectified prior to the first trade show/expo. Did I mention Dank & The not Ready for Prime Time Players is performing?

the supply is limited to 1 coin.


and i will not be sending any coins to anyone until the scandal can be resolved in some way...

if the situation is not resolved Abstract coin will die!  :o

Time to dox Nimda: https://twitter.com/nimda

Fuck my solution had a typo in it!

This is the solution I was actually looking for.

http://blog.kaplangradprep.com/wp-content/uploads/2012/08/GRE-Math-in-real-life-proportions-mega-carrot-cake.jpg

We need some DopeCoin...

This is just brilliant! I love this 'manual version of cryptocoins'. Can I have some? :D

Gimme i want to have some fun  :-*

Currently, the AC facet is locked down till an issue is resolved.

Here's what I have so far.

Adam is required to give away the entire 1AC at no larger than 0.01AC at a time. After he does so, if he wants any AC in his personal ACwallet, he must buy them.

I propose that all those who've received AC must also give away 90% of them to at least 9 different entities prior to being able to exchange their remaining 10% for goods or services regardless of what form of currency is recognized during the exchange process.

Once Adam has given away the entire 1AC, then the buyback process commences, either by him or some other(s), thus the starting to set its value.

FAQ

What backs Abstract Coin?

Funny you should ask. Currently, it's back by wooly mammoth blood: http://www.foxnews.com/science/2013/05/29/wooly-mammoth-blood-recovered-from-frozen-carcass-russian-scientists-say/

A solution has been found!
A new protocol involving super low tech accounting rules is being developed and implement as i type this.

Abstract Coin will live!

stay tune for the protocol update that will solve this issue once and for all!

Abstract Coin - an idea worth thinking about!

What happened? 51% attack?!  And it was working so well.

Once we get this resolved, let's open up a marketplace

Because of my renewed confidence in the AbstractCoin since this news, I'd like to invest all my life savings in it!

Whats next? HoudiniCoin??!

There is already a market place. It exists within us all.

LET THE TRADING COMMENCE.

the first transaction on the Abstract Coin Block chain appears like this:


This unconfirmed transaction must be confirmed before AdamStgBit can send the coins to someone else. A transaction can be confirmed by anyone as long as they are not mentioned in the transaction, the person confirming the transaction is called the accountant. The accountant quotes the unconfirmed transaction and says "confirmed!". Only by quoting the confirmed transaction, can the recipient create an unconfirmed transaction. Each new unconfirmed transaction will contain the previous confirmed transaction, this will create a "quote chain" of confirmed transactions. The accountant can compromise the system  by editing his posts. But! If an accountant is dishonest we can fork the chain! simply by having someone else confirm the original TX and using that new confirmation in the chain.

---

examples:


The first confirmed transaction will look like this

---

confirmed!

---

now AdamStgBit  can quote this confirmed transaction and create a new unconfirmed, like this:

---

|AC8DN93M| (1AC)AdamStgBit(0.999AC) -> Hazard

---

now an accountant must confirm this TX in order for Hazard to create a new unconfirmed transaction

the unconfirmed TX above can be confirmed like so

---

confirmed!

---

the accountant only needs to include the unconfirmed TX.
the sender must include the previously confirmed TX
and so Abstract Coin's quote chain is born.


This new protocol rule has effectively made all previous TX INVALID! So I will create a new thread outlining the new protocol and then we will reprocess the transactions one at a time starting with the genius block.

 ::)

not at all crazy

 ;D

http://cdn.memegenerator.net/instances/400x/23944027.jpg

That's twice in one year I've lost all my crypt coins.

Top spot at page 1 when googling for 'abstract coin'... Wall Street must have noticed, we're getting there  ;D

Genesis block here, bounty for first confirm... ;)

https://bitcointalk.org/index.php?topic=219516.msg2316187#msg2316187 (https://bitcointalk.org/index.php?topic=219516.msg2316187#msg2316187)

Fucking Christ. Are you telling me that my coins are GONE?! I need to go find a bridge...

I want some

to do what  ?

A list of bounties is here... ;D

https://bitcointalk.org/index.php?topic=219516.msg2316862#msg2316862 (https://bitcointalk.org/index.php?topic=219516.msg2316862#msg2316862)

You so concrete  >:(

hehe yeah you're right ^^ It just look like some kind of "forum game" which could be fun for a handful of cryptocoin geeks .but can we seriously expect to buy something with it ?

I'm trying to sell mine https://bitcointalk.org/index.php?topic=220333.msg2319747#msg2319747  8)

What happens if a guy with 20 accounts confirms his own transactions and then edits ALL of the posts ?  Protocol is better but still not perfect.  I think perhaps only Hero members should do confirms ?

(could admins perhaps make this non-editable?  We would in that case have a great common ledger until, of course, someone hacks bitcointalk)

I want some abstractcoins, what do...?

Please may I have some coinz?