Bitcoin Forum

I will hapily run a faucet at www.freebitcointips.co.uk if you wanted :)

Andy B

being able to send a 100 character mesage when sending coins  ( to beable to tell people were it is from / can be used to send mesages using a small transaction

not hijacking your thread or anything, but isnt this something you have in mind?

https://bitcointalk.org/index.php?topic=220530.0

No good. The amount of blockchain bloat created from that combined with 30 second blocks would quickly make the chain unusable.

There's been talk of a bitcoin based messaging protocol, but combining a currency with that would be suicide.

A transaction fee of 0.01% because I think a percentage is preferable over a fixed fee.

This coin will not be released until I am confident that everything I am trying to do will work as planned.

An idea recently came to me whilst I was sending some PXC to a friend...

Wouldn't it be great if it were possible to to send a text message with a transaction ? I started sending PM's to people to gauge if this is possible and how it could be done, and I got a lot of encouraging feedback. All I had to do was find someone that could code it. Also I needed to figure out the rest of the coin ; what crypto would I model it after, or would I design something from scratch ?

The first idea that popped into my head, was that the ammount of total coins would be such that there would be at least 100 units per person on the planet, which would put the number at....at least  600,000,000,000


The rest of the parameters are as follows :

Name : Credits
Block reward 10,000 block reward and time have to me like this to get all the credits in circulation in less than 60 years
Block time 30s
Total coin 600 billion 100 coins per person ( everyone on earth )
Difficulty change every 60 blocks ( every 30m )
Start diff 0.1 even if it started at 0.0001 it would sort itself out in 60 blocks ( 30m )
Pre-mine ZERO !
First 1440 blocks 100 credits to make it a fair launch
If I can get all this sorted it will be available to download at least 30 days before relece in an encrypted file with a very strong password

These are the innovations I would love to see implemented :

- A transaction fee of 0.01% because I think a percentage is preferable over a fixed fee.
- Being able to send a 100 character message when sending coins ( for example :  a short note describing the origin of the payment )

I do not want this to be another pump and dump coin.  I am looking for people to help me implement my ideas, and also contribute to this project in other ways.

( I can’t code to save my life but I am learning )

I would be very happy if you don’t troll in my thread
I would be very happy to hear constructive feedback


I know my spelling is bad I am working on it ( Joerii edited this for style and spelling  )

So what I’m looking for is anyone that can help me with my goals... I would like to hear from you !

Thanks for your time I look forward to reading your replies.

Zack

I wish you would wait until the current alt flood dies off credits is a great name and not sure this is the best concept for the name. Lots of coins super huge blocks and well you cant really support the coin since you cannot code.

This coin will not be released until I am confident that everything I am trying to do will work as planned.

An idea recently came to me whilst I was sending some PXC to a friend...

Wouldn't it be great if it were possible to to send a text message with a transaction ? I started sending PM's to people to gauge if this is possible and how it could be done, and I got a lot of encouraging feedback. All I had to do was find someone that could code it. Also I needed to figure out the rest of the coin ; what crypto would I model it after, or would I design something from scratch ?

The first idea that popped into my head, was that the ammount of total coins would be such that there would be at least 100 units per person on the planet, which would put the number at....at least  600,000,000,000


The rest of the parameters are as follows :

Name : Credits
Block reward 10,000 block reward and time have to me like this to get all the credits in circulation in less than 60 years
Block time 30s
Total coin 600 billion 100 coins per person ( everyone on earth )
Difficulty change every 60 blocks ( every 30m )
Start diff 0.1 even if it started at 0.0001 it would sort itself out in 60 blocks ( 30m )
Pre-mine ZERO !
First 1440 blocks 100 credits to make it a fair launch
If I can get all this sorted it will be available to download at least 30 days before relece in an encrypted file with a very strong password

These are the innovations I would love to see implemented :

- A transaction fee of 0.01% because I think a percentage is preferable over a fixed fee.
- Being able to send a 100 character message when sending coins ( for example :  a short note describing the origin of the payment )

I do not want this to be another pump and dump coin.  I am looking for people to help me implement my ideas, and also contribute to this project in other ways.

( I can’t code to save my life but I am learning )

I would be very happy if you don’t troll in my thread
I would be very happy to hear constructive feedback


I know my spelling is bad I am working on it ( Joerii edited this for style and spelling  )

So what I’m looking for is anyone that can help me with my goals... I would like to hear from you !

Thanks for your time I look forward to reading your replies.

Zack

Zack I believe I was the 1st person you traded with on here.  Please don't forget about me when you plan on starting this - thx  ;D

What's the diffirence with this one - https://bitcointalk.org/index.php?topic=225891.0  
zero premine
9 coins/human (total 90 billions)
30 seconds block target
It's already launched!!! ;D

The real innovations -is to stop this altcoin crazy race. ::)
So, in less then 1 year, all infinite coins should be mined.
Time to hurry up  ;D

OK)))
Let it be you!!!  ;)

The transaction fee on percentages sounds good but I'm not convinced in the message system, I believe it's already possible to send messages with each BTC transaction and if you want a more comprehensive messaging system you could use existing messaging systems or new ones like Bitmessage and even combine them with BTC, e.g. send a BTC transaction and in the small message include the link to a Bitmessage.

Good luck with the project.

i have been considering the message feture alot and it might be beter to biuld a instant mesaging feture into a custem wallet

When will it launch?

That is a really nice idea!!! .
Your username on the wallet chat can be your one of your wallet address
So you can send message to everyone with same wallet.(you have to know his wallet address of course).
That way don't need to send message with the payment...

Zack, I think it's a good idea to adress the issue we're seeing now with coins that become very profitable to mine and then get a huge hashrate for a while, following by a big difficulty spike. Like what happened to FTC before and has now happened with PXC.

i think the 60 block diff change ( 30m ) should stop them doing it to credits

the issue with the diff spike can only be solved if the value of the coin is stable

cant have a stable coin unless it resists both CC (coinchoose) waves AND hopping in and out of the coin with high MH/s (like TRC).

messaging is a great idea, but call it MESSAGECOIN then instead. credit coin sounds like XRP

and you need an inflation reductor, or people wont mine it because it wont be worth the value of sending a message.

congrats on thinking of a coin that has actual real world function tho, this is awesome.

please make it SHA256 so that it can be merged with BTC so BTC miners will be providing an adjunct service to the planet for private secure messaging, kindalike it does for NMC.

cant have a stable coin unless it resists both CC (coinchoose) waves AND hopping in and out of the coin with high MH/s (like TRC).

messaging is a great idea, but call it MESSAGECOIN then instead. credit coin sounds like XRP

You gave one really good idea that I think everyone should take seriously:

Nope, it's a bad idea. The current system was implemented because it is possible to attack a network by placing thousands and thousands of tiny transactions. The goal of the fixed fee is to make sending 1 million transactions at 0.000001 LTC prohibitively expensive.

He just removed the protection from that sort of attack, and his coin needs that even more because each transaction is going to be bigger with the added text. This is where knowing the history is important.

Honestly, Zack, your idea might be good, but many people CBA to read what you type 10 times until it's comprehensible, or guess what you're trying to say.

I will hapily run a faucet at www.freebitcointips.co.uk if you wanted :)

Andy B

wheres the faucet...what do i get for signing up? >>> this! lmao >>


http://coinurl.com/redirect.php

EDIT : Please read the whole thread as there is more info in later posts.

This coin will not be released until I am confident that everything I am trying to do will work as planned.

An idea recently came to me whilst I was sending some PXC to a friend...

Wouldn't it be great if it were possible to to send a text message with a transaction ? I started sending PM's to people to gauge if this is possible and how it could be done, and I got a lot of encouraging feedback. All I had to do was find someone that could code it. Also I needed to figure out the rest of the coin ; what crypto would I model it after, or would I design something from scratch ?

The first idea that popped into my head, was that the ammount of total coins would be such that there would be at least 100 units per person on the planet, which would put the number at....at least  600,000,000,000


The rest of the parameters are as follows :

Name : Credits
Block reward 10,000 block reward and time have to me like this to get all the credits in circulation in less than 60 years
Block time 30s
Total coin 600 billion 100 coins per person ( everyone on earth )
Difficulty change every 60 blocks ( every 30m )
Start diff 0.1 even if it started at 0.0001 it would sort itself out in 60 blocks ( 30m )
Pre-mine ZERO !
First 1440 blocks 100 credits to make it a fair launch
If I can get all this sorted it will be available to download at least 30 days before relece in an encrypted file with a very strong password

These are the innovations I would love to see implemented :

- A transaction fee of 0.01% because I think a percentage is preferable over a fixed fee.
- Being able to send a 100 character message when sending coins ( for example :  a short note describing the origin of the payment )

I do not want this to be another pump and dump coin.  I am looking for people to help me implement my ideas, and also contribute to this project in other ways.

( I can’t code to save my life but I am learning )

I would be very happy if you don’t troll in my thread
I would be very happy to hear constructive feedback


I know my spelling is bad I am working on it ( Joerii edited this for style and spelling  )

So what I’m looking for is anyone that can help me with my goals... I would like to hear from you !

Thanks for your time I look forward to reading your replies.

Zack

Update :

1- I've been talking with someone to get the logo professionally designed
2 - It looks like I'll be adding the messaging feature into an alternative wallet
3 - Still looking for someone to help code this !

Do you have any idea how to prevent forking especially in the early phases after join?

You know, I saw this, and I was Oh cool, credits, like Star Trek. Then I saw the 10,000 coin block reward....You know, I really think you might have ahd a winner here, why the hell would you ruin it, with such a stupidly large block size? Pass.

Why so many coins?

We don't need 100 per person, we just need enough for the people who are interested in using the coin, at the time they are interested in using it.

5% of your current figure is still going to be plenty!

The cool part of your code is the messaging element.  The question is, is this like writing on a paper note?  Will your message be read by later users of your coins?

Will I get a coin with Happy Birthday Auntie Hilda written on it?

the thought of it! ;)

I think you should reduce the reward size to counter inflation. Not every single person in the world will have 100 coins each as a select few on these forums will reap in 100,000's so this is flawed. Also derivatives less than 1 can be used just like with bitcoin.

+1

thanks for your reply , see my edit -

yes to be honest i see the total cap as less improtant than the other stuff outlined there .

+1

Thanks for the Pm Zack i'm reading though this - something i can tell you -


1. the Blockchain needs reform - review { i keep saying it } - Bitfreak! had a theory and Balthazar also did. - I’m sure heaps of others could as well.

2. without such reform what Hazard basically said about the messaging service -

3* i have actually a better idea - regarding the client - I’m happy to contribute it to a winning currency. < no proof that "credits" is any of that ATM < if you see it on nibble you will know.<

4. i've no problem marketing a great logo for you - you are about to see some great logo's from me. < but you need to put something coherent together and don't turn it into “Netcoin” < nothing against Netcoin and I’m sure the recent FTC news has bolstered their Syndicate opinions , but I believe there is always a free market option < I bet I’m right .

5. forget about pump dump fear , who cares about a pump or a dump that is the market , take your emotion out of this , pump and dumps occur on premined currency for all the obvious reasons.  

6. I can already - advise a simple and basic improvemne ton the name - but i'd give that to a winner.
 
Cheers.

Like I said, good concept, but, It'll be pumped, dumped into oblivion, and then ignored, just like the others. And, if people stop mining it, your coins never get out into the world, network dies, coin dies.

why be so negative ?

What is this coins intentions.

Six billion stay with you :o
600 billion - all amout. 99% - are to people.
A new fork of premaining?

why be so negative ?

?? I'm being realistic.

it would only be 6 billion if i mined every block for 57 years lol
  
why not?

Let our grandchildren will receive a gift.

You'll be busy until old age, and become famous :D

i realy think this will work is there and reason why it wont work rather than peoples opinions ?

Because coins can't survive with a 500 coin block size, and you want to multiply it by 20...Its very simple market research here. Don't tell the community what you want, listen, and make changes accordingly. I'm fairly certain, noone who knows anything, disagrees that the block size is retarded.

EDIT : Please read the whole thread as there is more info in later posts.

This coin will not be released until I am confident that everything I am trying to do will work as planned.

An idea recently came to me whilst I was sending some PXC to a friend...

Wouldn't it be great if it were possible to to send a text message with a transaction ? I started sending PM's to people to gauge if this is possible and how it could be done, and I got a lot of encouraging feedback. All I had to do was find someone that could code it. Also I needed to figure out the rest of the coin ; what crypto would I model it after, or would I design something from scratch ?

The first idea that popped into my head, was that the ammount of total coins would be such that there would be at least 100 units per person on the planet, which would put the number at....at least  600,000,000,000


The rest of the parameters are as follows :

Name : Credits
Block reward 10,000 block reward and time have to me like this to get all the credits in circulation in less than 60 years
Block time 30s
Total coin 600 billion 100 coins per person ( everyone on earth )
Difficulty change every 60 blocks ( every 30m )
Start diff 0.1 even if it started at 0.0001 it would sort itself out in 60 blocks ( 30m )
Pre-mine ZERO !
First 1440 blocks 100 credits to make it a fair launch
If I can get all this sorted it will be available to download at least 30 days before relece in an encrypted file with a very strong password

These are the innovations I would love to see implemented :

- A transaction fee of 0.01% because I think a percentage is preferable over a fixed fee.
- Being able to send a 100 character message when sending coins ( for example :  a short note describing the origin of the payment )

I do not want this to be another pump and dump coin.  I am looking for people to help me implement my ideas, and also contribute to this project in other ways.

( I can’t code to save my life but I am learning )

I would be very happy if you don’t troll in my thread
I would be very happy to hear constructive feedback


I know my spelling is bad I am working on it ( Joerii edited this for style and spelling  )

So what I’m looking for is anyone that can help me with my goals... I would like to hear from you !

Thanks for your time I look forward to reading your replies.

Zack

Update :

1- I've been talking with someone to get the logo professionally designed
2 - It looks like I'll be adding the messaging feature into an alternative wallet
3 - Still looking for someone to help code this !

the block size is 10,000 but it will only be possable to send whole credits for the first 6 months  every 6 months after that you will beable to send smaler and smaler amounts

im not looking to make credits worth 1000usd each im only looking for around 0.001 usd each / 1000 credits to 1 usd ( after 6 months then slowly gain value)

if you dont like the idea of that please dont mine credits when thay are releced  :)

thanks for your input

zack

You just don't get it. After the first pump and dump;

NO ONE WILL BE MINING IT ANYMORE

Are you dense? Look at the other coins that have come out lately. It is not rocket science.

You can use my service:

https://bitcointalk.org/index.php?topic=226602.0

the block size is 10,000 but it will only be possable to send whole credits for the first 6 months  every 6 months after that you will beable to send smaler and smaler amounts

im not looking to make credits worth 1000usd each im only looking for around 0.001 usd each / 1000 credits to 1 usd ( after 6 months then slowly gain value)

Zack, you may not appreciate Hydro's approach, but I would suggest you at least consider taking his advice into account.

In my opinion, you should be releasing a coin with some thought as to how it would be used, not what it would be worth at any point in the future.  The market and only the market will decide that.  Artificially limiting the amount of coins that can be transacted as a way to manage their value is not going to work, and the large number of coins generated only adds to that.  You plan on having a coin that will generate 20,000 coins a minute, yet expect to be transacting in LESS of them over time?  I don't think this will not have the effect that you hope it will.

make it a scrypt-jane coin (like yacoin) so that is possible to mine with cpu (at least at the beginning)

the problem with that is in encorages bot nets and sever farms and takes the coin away from the people

credits will only benafit people that are going to stick with it pump and dumpers wont make much / anything from it

Oh my god, I want to choke you.

I think that if you change the name of the coin to creditcoin then it has a better chance.

The name of the coin is important, and I would take the 's' off the end and make it a singular name.

But if you don't agree, then please explain why the plural might be better than the singular?

Isnt 600 billion a bit much? Its a really high number and there isnt really a point for there to be so.many coins.

it was 600 billion but it is now only 60 billion have a look at the first post


thanks


zack

i think trying to get value from the start is the wrong way to do it look at bitcoins howmany was it for a pitza ?



thanks
zack

How about you choose a smaller number, like 666,666 (yes, the crypto of the beast)?

what is confusing ?

hmm ...


all i can say is its nice and good that all is open source so people can fork/rip the interent for that and make some changes and bamm !!   


 you got a coin ......

if you want this to be a world currency that eventualy everyone is going to use there should be at least 10,000 per person
maybe even 100,000 you do not want to pay 0.0000076 for a hamburger
i would even sugest only 2 decimals like 1,035.78
 

the name credit would be the most acceped name for the general public
maybe it would be best to let the block reward rise in 4 years from 1,000 to 10,000 and then decrease over the years to create 600,000,000,000,000
might take 50 years

the option to send a message is a real necesety when you want to pay your bills with credits

maybe coingen can make the scrypt and a wallet

Charts here: http://crypto-prices.com/CRD

That's a different Credits.  There's several variations:


Version 1  ←This is the one you're quoting
https://bitcointalk.org/index.php?topic=432098.0

Crypto-Rush
CRD/BTC
https://cryptorush.in/index.php?p=trading&m=CRD&b=BTC
CRD/LTC
https://cryptorush.in/index.php?p=trading&m=CRD&b=LTC
CRD/DOGE
https://cryptorush.in/index.php?p=trading&m=CRD&b=DGC

___________________________

Version 2 ←This is the different Credits, the one based on this forum thread we are on now.
https://bitcointalk.org/index.php?topic=226582.0

___________________________


Version 3
https://cryptocointalk.com/topic/3197-creditcoin-crd-information/

you will find that this thread was the first thread for a coin called credits so this is version 1 if it ever gets finished funny how people keep diging up old thread like this one

How can we relaunch this? This name is to cool to fail.