Bitcoin Forum

Hello
Please let me introduce you the new Crypto Currency named BestCoin. The goal is this coin to be rare.

Stats:
5 minutes block target
6 confirmations
30 confirms for mined block to mature
1,00 coins block reward
1,000,000 Total coins
difficulty retarget every 10 minutes or 2 blocks
block reward halves every 1 year


Bounties:
First Pool = 50 BEST
Second Pool = 25 BEST
Third Pool = 25 BEST
Fourth Pool = 25 BEST
First PPLNS or other just not p2pool = 200 BEST
First PPLNS or other just not p2pool which runs over 1 month = 200 BEST
First Exchange = 1000 BEST
Gaming Sites = depends, but I'm sure we will make a deal
Block Explorer = 50 BEST


Soon there will be Massive Giveaway = 100 X 5 for the first 100 people posting there wallet address and 1000 X 1 for others. I'll make separate thread in the normal  Alternate cryptocurrencies when I'm allowed to.


Source
https://github.com/BestCoin/BestCoin/


Windows Binaries
https://github.com/BestCoin/BestCoin/
http://www.filedropper.com/bestcoin


Pools
Comming Soon


Exchanges
Comming Soon


Nodes
addnode=37.143.202.199


Bestcoin.conf
rpcuser=username
rpcpassword=password
rpcport=16101
rpcallowip=127.0.0.1
server=1

Have you determined a good starting difficulty for it yet?

Also, approximately when do you plan to release it? hopefully with a very well worked out starting difficulty...

Or are you waiting until you get out of newbie purgatory before going into those kind of details?

-MarkM-

I like the overmodest name.

Out of hundreds of altcoins this one is a winner for sure. ;D


ya.ya.yo!

It's released like 40 min ago and till now there are 27 blocks generated

And the diff is 0.025 at this point, but keep in mind it adjust very quickly

28 blocks and the diff has jumped to 0.103688

you need to clean up yo git, delete that geocoind OMFL!!!  and the bestcoind!!! we prefer to compile our own thank you. add more nodes

Done

Thanks

1000000 with a premining of 30000, that's 3% or about 3 months of blocks in coin-time.

0 connections

Can all these new coins really co-exist and have value?  I'm only asking because I'm confused about where to focus my attention.  I started recently with bitcoins (though shouldn't make that plural because I still haven't got a whole one - just a fraction of a minuscule piece of one!) then I looked at feathercoins, ripple, devcoins and litecoins.  I've read about at least half a dozen other alt-coins and really don't know if any, or all, of them are worthwhile pursuing.  Now there are Bestcoins - are they going to be best or will they eventually vanish into obscurity? Any thoughts?

Aww thanks, another foocoin clone. Hey, you left my name in the about dialog, doh!

There are far too many coins... most of them will vanish.

Only those that are already well established (Litecoin, Namecoin) or offer true innovation have a chance to survive.

I don't see any innovation in Bestcoin. If it's a premine than it is a deadborn for sure.


ya.ya.yo!

Premined 3% of total coins?

Pass, but good luck

Yes
That money is for bounty purposes, giveaway and bribes  :)

we don't accept bribes, out !

1 connection to network
diff 2,45

The best coin is bitcoin !  :)

lol, good luck.

and the diff jumps to 7 on block 62  ;D

oWMKucQes1iJgKABbNvcS63g5fGFCPMQHt

thanks!

Yeah, sorry. This doesn't appeal to me.

C6Rs1h3xYt55XXkFocjoZe4PkytzjLt3nC

CBQY4Qaj4ZWWmK6ctEiGmbpkZWjNBFEW9D

Giveaway？ Thanks

BzTmrEj5ao1t4JvoM6UZCWQEY2fymGAQne

thanks good name for the coin.

+1
BitBar is already "rare", which is pointless anyways since the units are arbitrary. Premine/seigniorage means either "pump & dump" at worst or "thinks he's smarter than a market" at best.

I mined, but accepted 10 only confirmed 5.  ...............................

why?

The other 5 for sure are orphant blocks

Let me explain the idea behind BestCoin.
1. It's a long term project (atleast for me), and I can assure you it's not a pump & dump scheme, and I'm not smarter than a market (no one is).
2. The "rare" part is true, because in several years, there will be less BestCoin compared to Bitbar, franko...., and it will only became harder and harder to get one.

Oh,I see,

if there are mode node,that will be better.

If the market participants are rational, then they'll pledge towards these bounties voluntarily. We're already seeing this with Bitcoin; people are starting exchanges for profit because there is no risk of spent-premine "inflation", and they're donating to bounties because it makes their remaining Bitcoins worth more than their total would have been without donating.

Assurance contracts work, they're simple, and they allocate resources based on a crowdsourced assessment of importance.

Premines and seigniorage carry with them the risk of sudden inflation. This scares off speculators, which reduces liquidity, which makes the price more volatile, which scares everyone else away.

Look at the cryptocoins with the highest market caps right now - no premines, and still plenty of exchanges/pools/innovations. Every coin that did something really interesting but had a premine was subsequently replaced - Ixcoin by I0coin, Tenebrix by Fairbrix, etc. Litecoin didn't even really break any new ground other than a fair launch, level playing field, and good communication.

Why stop at 1,000,000? Why not just make 1 Bestcoin, or 0.001 Bestcoins?

CBXBuVN6WLVYacv8mxHn3DykFzomAq7YZf

Thanks :)

BsttH6xBasn433T2Poh2Np8C4riUjRHQVT

Coin is not syncing any working NODES? the one in 1st post doesn't help