Bitcoin Forum

NOTE: I Am not Dev, DEVELOPER THREAD HERE https://bitcointalk.org/index.php?topic=396991.0

 :-\wait

wait

Well shit here we go.

This is for real?

LOL I see SWAG coin on there!!

oh my...

http://www.youtube.com/watch?v=JSUIQgEVDM4

a question is... sell my rig or not  ;D

I want alts dead

This is the funniest thing I've seen all day!

Oh, wait.... it's for real! Hahaha! Even funnier!
I may even try it out for shits and giggles!

This is amazing. How could it not exist?

Making a new coin is just copy/paste and adjust some minor parameters.

This won't kill the altcoins, this will flood the market with shitcoins. The good ones still float.

inb4 dev premining each coin generated 5%

Also, this will only grow altcoins

i honestly think this is a good thing. The market was already getting flooded, from now on coins needs to have other qualities not just a different name.

It'll also spread out the big rigs as they won't know which coin to throw their Mhs at.

value has to come from somewhere.  these altcoins will siphon value away from other coins. 

Hahaha kalus... I love it. That catcoin comment. Just like old times eh? The last 4 days with Catcoin was a blassssstt!!>... :(((

You hit the nail on the head. We were thinking the same thing the whole time.
"What the... why don't I make my own... these people !!! Why 10 mins!!! "

But on another note -- we either need a new site for all this Altcoin stuff. Or bitcointalk needs to add subforums.
It already stopped reading most of the new coin launches.

It's a good thing that it's totally free, that may keep the onslaught of sh!t coins to a minimum

Only on a temporary basis. The main issue is that if a new coin is truly valuable it will have a harder time rising from the shitcoin sea.

yea this is just like trading.. it could bring the market as whole higher, or it could crash it.. either way.. as we've seen, we can't stop this train from rolling whether it hits the moon or smashes into a fuckin mountain.

Anyone want to make OBAMA COIN
The catch?
When you mine coins the blcok is distributed evenly amongst the pool instead of share rate. Everyone is even

We just need more sophisticated coins to be developed and supported (scrypt-jane looks like good start).

Maybe new algo?

Coingen is not a big deal.
People willing to create shitcoin are already in this forum for long time.
Nothing will change
And I think it's a scam anyway, bye bye 0.1BTC

we'll see if jesuscoin becomes a thing.

Thing is theres only so many people to mine them which means many will be stillborn.

hmm watched the source,

 if you have paid this would be happend wen you want to create your coin :

$('#alerts').html('<div class="alert alert-warning">Server fucked up...try again later.</div>');

This is just a cheap way for someone to get money off an idiotic market with all of those extra fee options.

a coin announcement is also just a cheap way for someone to get money off an idiotic market with embossed nicolas cage faces on virtual currency.  this guy is selling the shovels and pickaxes to strike-it-rich miners.

to the developer of this project/website, please kill it, other wise this will be the death of altcoins.

;D

ROFL :D someone should create this here, insane coin name... YwC   - Yes We Coin!


hm but why are there so many coins in process and 4 are already made ( ok that should be no problem to do )

seems weird :P

does this alert appear if the server is really fucked up or always?

I am doing Republicoin.

The blocks you mine get outsourced to china at an increasing rate.

First 1000 Blocks 10% outsourced to chinese miners
next 10000 blocks 20% is outsourced to chinese miners.


So on.. until we reach 100% outsourcing.

COMUCOIN
all your hashes are distributed equally among the pool

That Commucoin idea is actually pretty good. If the computing power went to medical research or something people would donate their computer time and your worth would be almost a bonus that is just based off the time you dedicated. Interesting thought. ;D

Yes.
However, the 1% lowest hashrates of the pool are not paid because they are not productive enough. They work for free for the better good of the community

or, you get commucoin whether you work or not!  also, your mining rig becomes national property after the digit-politburo siezes your equipment for the betterment of society.  also, borscht comes out of your usb port. 

so you just listed this here to make sure it got worse, what a classy person.


i have a new idea Silk road 3, and you only can use bitcoins, if bitcoin wants a war with altcoins, this would work well.

j

riiight, so keep it a secret so people can make coins on another forum to spam here.  

our forum seems split over whether this is good or bad news.  i guess you think it's bad news.  

if anybody thought, "fuck that announce/release sucked, i could do better!", now they can put their bitcoin where their big mouth is. 

this should encourage people to stop making scrypt clones based on name gimmicks, sounds good in my book.

BTCIS A DIRTY CAPITILIST COIN
ANNOUNCING COMUCOIN!!!!!!!!!
GLORIOUS COIN COMRADE
http://www.koolbadges.co.uk/images/thumbnails/lenin-200x200.jpg
Scrypt.
Total coins :10million
UNIQUE FEATURES Every time a blcok is solved all computrs on the network get an equal share of the production. ALL SHARES ARE EQUAL  the only reason to have a faster rig is to produce faster blocks

No. Just the death of crapcoins. When there's thousands to choose from, eventually miners are going to have to start making rational decisions. The exchanges aint going to list every crapcoin that's posted, and miners will know it. Eventually crapcoins will be dead, and only innovative or coins with good branding or clever gimmicks will survive.

This is the free market in action.

maybe this will kill the zergrush of mining farms all attacking a newly announced coin at low difficulties; that's can't be a bad thing.  

also, we can't put the genie back in the bottle, so we'll have to live with this site and the coins it makes.

from just scrolling through all the coins on their status page, there's going to be a lot of coins with the same name....http://coingen.bluematt.me/status.html (http://coingen.bluematt.me/status.html)

still just the one jdsaklkfdjhssdfkjlsdklsjdhskdhjfhfhsdkjcoin though.

I can only think of NSACoin where all your hashing power will be used to decode communications from Google, Microsoft and so on.

The moderators of the forum need to setup some sort of "screening" forum for coin announcements. You need x amount of votes to actually be moved to the announcement section or something. Just to much shit will be posted to decipher the actual coins from the jokes.

wow lots of finished coins on the status page.

good luck in the coming weeks, speculators!

It was about time this happened. I've been waiting

OP, why bother about 0.01

Do the community an even bigger favor and make it free of cost. Let the noobs flood the market

Oh nooooooooo  :o

This is awesome.  Crapcoins to uranus!

Well this was bound to happen.

Now people will really need to take a real serious look as to which alt-coin has a chance of survival and which ones are just pure fluff.

Hint:  Look at the hash rate that secures the coin.

could you explain please?
I understand basic diffculty to solve time

But wouldint it take a long time to do effective retargets if its statisticly possible that a laptop hits 6 blocks in a row hashing at 20k in bitcoins?

Warning: CloudCrypter.net is a SCAM!

I just tried both and learned the hard way. Your coins are gone, you get nothing, no response to any attempt to contact. Sigh.

Coingen is legit though! Which is pretty cool.

CloudCrypter is riddled in typos. I apparently revive my coin by email (bad, centralization)... "there send the files", "forget insert coin name" "To finsih the order"... It looks like it was made in 20 minutes to scam people. To get status I need to log in with my "exists account" which does not exist as I never had a chance to create one...

Edit: I'm doubtful they even have a MySQL/Postgres/flat text file/back of an envelope schema up...