Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: Wolffish on May 22, 2014, 10:15:38 PM



Title: [ANN][SYNC] X11 | 1,000 Coins | stuck & broken coin | *unmoderated*
Post by: Wolffish on May 22, 2014, 10:15:38 PM
Specifications
Algorithm: X11
Total coins: 1,000
Proof of Stake Reward:  1% per year
Block Time:  60 seconds
Coin Maturity: 50 blocks
Min Coin Age: 6 hours
Coin Age Maturity: 30 days
Min Tx Fee: 0.00000001 SYNC
Premine: 0.5%

Block Rewards
0.14 SYNC
PoW: 7200 Blocks

Exchange
  • https://bittrex.com/Market/?MarketName=BTC-SYNC
  • https://poloniex.com/exchange/btc_sync
  • https://www.mintpal.com/market/SYNC/BTC


https://i.imgur.com/tTuHTy5.png (https://twitter.com/synclub) https://i.imgur.com/nPqus60.png (http://www.reddit.com/r/synclub/) https://i.imgur.com/KUepI24.png (https://www.facebook.com/synclub.net) http://i58.tinypic.com/2u73x5f.png (https://kiwiirc.com/client/irc.freenode.net/#synclub)

Explorer : http://explorer.synclub.net/

Pools Always use a trusted pool for mining.
https://sync.pool.enterprises
http://sync.v2.dedicatedpool.com/
http://sync.hashhot.com
http://Sync.SuchPool.pw
http://xhash.net/
https://www.minep.it/pool/sync/
http://pools.crypto-coinz.com/index.php?coin=sync
http://sync.luckypool.cn
http://sync.72f.com - Chinese
http://Sync.520Cn.Com - Chinese
http://sync.suvpool.com/
http://sync.pool.mn/
http://sync.mine-coin.de
http://pools.hashlink.eu/
http://sync.cryptopool.eu/
[/center]

P2Pool
EU server: http://p2poolcoin.com:7474
Canada Server: http://ca.p2poolcoin.com:7474

Resources
Video: https://www.youtube.com/watch?v=k4GgNaP9Eak
Media: http://www.coinssource.com/introducing-sync-low-supply-high-demand/
http://www.cryptoarticles.com/crypto-news/2014/5/18/sync-very-limited-x11-coin-supply-leads-to-high-demand#
Video 2: https://www.youtube.com/watch?v=HHQ7hQ2m2UE&index=1&list=HL1400675699


Chinese thread: https://bitcointalk.org/index.php?topic=608240.0
Russian Thread: https://bitcointalk.org/index.php?topic=609038
French Thread: https://bitcointalk.org/index.php?topic=609205
German Thread: https://bitcointalk.org/index.php?topic=620943

Notice about self-moderation: we pledge to avoid resorting to self-moderation as much as possible

Hi folks!

I'm a miner and little bagholder of SYNC coin and and had forced to make new thread, because all my questions were deleted from their thread... Why? I'm not trolling... I just wanna some answers:

1) You as bagholder think that SYNC will be better then 42coin? May I ask why??

2) Why dev moved his premine to Poloniex?

3)  and when this was discovered - back?

These are my questions and they were deleted from official thread, but I still wanna answers!

Anyone who have spicy questions abot SYNC, lets ask those here - there will be no deletion in this topic.



Title: Re: NOT moderated conversation about SYNC coin
Post by: ando0022 on May 22, 2014, 10:25:44 PM
"You as bagholder think that SYNC will be better then 42coin? May I ask why??"


Is this serios your question ?
do you plan for any coin to open a thread with question like These ?

here some examples for your, copy and paste if you like a new thread, you have my permission.


1) You as bagholder think that Orangecoin will be better then Yellowcoin? May I ask why??"
2) You as bagholder think that Whitecoin will be better then Blackcoin? May I ask why??"
3) You as bagholder think that Shibecoin will be better then Doge? May I ask why??"
4) ....
5) ....

you have a Long night for open all These threads  ;D


Title: Re: NOT moderated conversation about SYNC coin
Post by: Kreativekrypto on May 22, 2014, 10:26:03 PM
Threads are moderated for a reason, all those questions were answered, if you have no vested interest besides spreading fud then leave. If you think Devs work for free so the public can make money off their efforts then you must live in a fantasy land. Surely this is not the case?!


Title: Re: NOT moderated conversation about SYNC coin
Post by: Kenta on May 22, 2014, 10:32:00 PM

Hi folks!

I'm a miner and little bagholder of SYNC coin and and had forced to make new thread, because all my questions were deleted from their thread... Why? I'm not trolling... I just wanna some answers:

1) You as bagholder think that SYNC will be better then 42coin? May I ask why??

2) Why dev moved his premine to Poloniex?

3)  and when this was discovered - back?

These are my questions and they were deleted from official thread, but I still wanna answers!

Anyone who have spicy questions abot SYNC, lets ask those here - there will be no deletion in this topic.



1) I will be very happy if Sync achieves the same marketcap as 42. Sync is perfect for trading because of the low transaction fee and I think it can even replace Litecoin if it gets accepted on many exchanges.

2) Because he wanted to daytrade a little bit? Can't blame him!

3) He was afraid to send a wrong signal or even fear to the community



Title: Re: NOT moderated conversation about SYNC coin
Post by: kopam on May 22, 2014, 10:40:15 PM
well okay i will try to answer the questions, as i believe that the polite way is the best way :)

1. I believe that SYNC will be the best "rare" coin out there so far for the fallowing reasons :
- it has a bit more reasonable amount of coins ( i think that this number is much better and more appealing then 42 or 345 )
- it had one of the best launches, runs so far
- the Multipool for the coin was ready BEFORE POW is over and some decent hashpower is already pointed at it
- the hash power during the POW phase was true the roof
- the dev is VERY active and is doing a lot of projects for the coin
- community of the coin is great
- distribution of the coins is pretty good and you can see that in the rich list

2.  The pre-mine is there for a reason - development of the coin. As everything is running VERY good, Multipool is running much sooner then expected, there is a really cool new wallet design and a lot more other projects are running, well this all costs $$$. So for me the dev can cash out whatever it did cost him until now and go on from here on community donations. The pre mine was not 2-3% it was only 0.5% and if the development until now did cost him more then what he has, he can cash out some/all of the coins.

3. This is his decision, maybe he decided that the price is too low now, maybe fuck what i dont care, he is doing a great job so far, i even send him a donation.

4. YOU as bagholder lol, can ask any questions you like BUT you also have to do to help with anything you want. So if you like what you see, buy some, mine some in the Multipool, spread the word on twitter, facebook whatever, tell your friends etc.


Well this are my answers to your questions.


Title: Re: NOT moderated conversation about SYNC coin
Post by: coa032 on May 22, 2014, 10:42:56 PM

Hi folks!

I'm a miner and little bagholder of SYNC coin and and had forced to make new thread, because all my questions were deleted from their thread... Why? I'm not trolling... I just wanna some answers:

1) You as bagholder think that SYNC will be better then 42coin? May I ask why??

2) Why dev moved his premine to Poloniex?

3)  and when this was discovered - back?

These are my questions and they were deleted from official thread, but I still wanna answers!

Anyone who have spicy questions abot SYNC, lets ask those here - there will be no deletion in this topic.



1) I will be very happy if Sync achieves the same marketcap as 42. Sync is perfect for trading because of the low transaction fee and I think it can even replace Litecoin if it gets accepted on many exchanges.

2) Because he wanted to daytrade a little bit? Can't blame him!

3) He was afraid to send a wrong signal or even fear to the community


well said...


Title: Re: NOT moderated conversation about SYNC coin
Post by: Wolffish on May 22, 2014, 10:43:13 PM
"You as bagholder think that SYNC will be better then 42coin? May I ask why??"


Is this serios your question ?
do you plan for any coin to open a thread with question like These ?

here some examples for your, copy and paste if you like a new thread, you have my permission.


1) You as bagholder think that Orangecoin will be better then Yellowcoin? May I ask why??"
2) You as bagholder think that Whitecoin will be better then Blackcoin? May I ask why??"
3) You as bagholder think that Shibecoin will be better then Doge? May I ask why??"
4) ....
5) ....

you have a Long night for open all These threads  ;D

I really love a concept of cryptocurrencies, but current developments hurts... and hurts deeply...
those "devs" who make 3 -10 shitcoins per day gonna kill whole crypto landscape...

I know, this fight is pointless, cos there are big stakes in balance... but I just have to do SOMETHING...

I really hope that FREE thread about SYNC will help someone.


Title: Re: NOT moderated conversation about SYNC coin
Post by: Hippie Tech on May 22, 2014, 10:47:55 PM
Props to you Wolffish. :)

We will never give up.

This is OUR crytpo revolution.

pEACe


Title: Re: NOT moderated conversation about SYNC coin
Post by: Wolffish on May 22, 2014, 10:52:03 PM
And one more questions: why are those (SYNC, BC, WC) "multipools" good for??
To get ripped one more time?
There are no reputation, no statistics, no profit...  So why those fake multipools exists??


Title: Re: NOT moderated conversation about SYNC coin
Post by: kalenen on May 22, 2014, 10:54:12 PM
Does this thread really have a point?!?

If you don`t share peoples enthusiasm about a coin, why care?

There is no meaning trying to understand this business, it`s the wild west and even though it`s a shitty coin, it doesn`t matter.. For some reason coins get followers anyway. I`m talking in general here and this is not directed to sync as a coin.

Lets look at Digibyte, it`s a terrific coin with i guess the best developers around. The value of DGB is really low, ridiculously low! So the conclusion is that this business is retarded with too many amateurs around that jump on different hyped coins that all gonna die soon. It`s fast money and the dev`s that are truly dedicated must feel helpless in this world of crypto. BUT the only thing is to hang on, i guess it will pay off in the long term.


Title: Re: NOT moderated conversation about SYNC coin
Post by: Hippie Tech on May 22, 2014, 10:55:14 PM
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
We had insane hashrate throughout the PoW and the launch was fair to ensure wide distribution. I'm just like you all only managed to get 0.3 mined so far  ;D
I bought in mintpal 0.31 at the price of 0.64 .. hopefully as soon as the price goes up instead of down instead

After the last multi-pool dump?  They are dumping today right
when the price will go up?? mintpal price now at 0.5-0.6
Price on Mintpal has been above 0.6 most of the time and it's currently 0.62.
During the last 24 hours it has not been below 0.57 once, so stop your FUD
You see in mintpal now .. already begun to fall from 0.57

Last Price
0.56200000
24 Hr High
0.86000000
24 Hr Low
0.56200000
Volume 24 Hr
BTC 144 924

I hope that does not go down again

The premine was sent to Poloniex because ..  ? ???

What were prices like on May 20 ?

Don't let SYNC become another 42coin !

They must be held accountable.


YOU FUCKING PIECE OF SHIT>>>I trasferred all my coins back to SacPhjv5bUbHCQe2RuJ5NNVZy6RD3bQqsn

HENCEFORTH ALL YOUR POSTS WILL BE DELETED.

 :-*

This hurts trolls me more than it does him... ::)


Title: Re: NOT moderated conversation about SYNC coin
Post by: kalenen on May 22, 2014, 10:57:43 PM
"You as bagholder think that SYNC will be better then 42coin? May I ask why??"


Is this serios your question ?
do you plan for any coin to open a thread with question like These ?

here some examples for your, copy and paste if you like a new thread, you have my permission.


1) You as bagholder think that Orangecoin will be better then Yellowcoin? May I ask why??"
2) You as bagholder think that Whitecoin will be better then Blackcoin? May I ask why??"
3) You as bagholder think that Shibecoin will be better then Doge? May I ask why??"
4) ....
5) ....

you have a Long night for open all These threads  ;D

I really love a concept of cryptocurrencies, but current developments hurts... and hurts deeply...
those "devs" who make 3 -10 shitcoins per day gonna kill whole crypto landscape...

I know, this fight is pointless, cos there are big stakes in balance... but I just have to do SOMETHING...

I really hope that FREE thread about SYNC will help someone.

As for "shitcoins" i believe it`s up to the exchanges to be much more careful wich coins thay welcome


Title: Re: NOT moderated conversation about SYNC coin
Post by: Hippie Tech on May 22, 2014, 11:01:47 PM
And one more questions: why are those (SYNC, BC, WC) "multipools" good for??
To get ripped one more time?
There are no reputation, no statistics, no profit...  So why those fake multipools exists??

Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
Btw to the multipool owners - please include some stats in the pool, i wanna see what my hashrate was for the last 24h etc, thank you !

LOL

Nooberous are those who do not see, yet believe. :P

They are noob magnets.

The maggot pools are also there to slow down any competition that may spring up.

EDIT

I recommend that you use the same title as the main thread. Just add the "unmoderated" part. ;)


Title: Re: NOT moderated conversation about SYNC coin
Post by: Wolffish on May 22, 2014, 11:06:51 PM
Quote from: Hippie Tech
Has the whole world gone shitcoin ?!

Same question here...

I love cryptography, but current situation is really, really bad... In that way we never achieve mass adoption...

Quote from: Hippie Tech

EDIT

I recommend that you use the same title as the main thread. Just add the "unmoderated" part. ;)

Thanks for advise!


Title: Re: NOT moderated conversation about SYNC coin
Post by: solid12345 on May 22, 2014, 11:19:10 PM
And one more questions: why are those (SYNC, BC, WC) "multipools" good for??
To get ripped one more time?
There are no reputation, no statistics, no profit...  So why those fake multipools exists??

Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
Btw to the multipool owners - please include some stats in the pool, i wanna see what my hashrate was for the last 24h etc, thank you !

LOL

Nooberous are those who do not see, yet believe. :P

They are noob magnets.

The maggot pools are also there to slow down any competition that may spring up.

EDIT

I recommend that you use the same title as the main thread. Just add the "unmoderated" part. ;)

You know you fudders cause me more profit loss than the actual scammers. If you want to be the hero brigade then why not bring attention to any of these coins before they build up significant volume?


Title: Re: NOT moderated conversation about SYNC coin
Post by: Wolffish on May 22, 2014, 11:29:27 PM
Quote from: solid12345

You know you fudders cause me more profit loss than the actual scammers. If you want to be the hero brigade then why not bring attention to any of these coins before they build up significant volume?

Sorry, but you know very well, that those country, colour, Pos X11 coins, etc...  are all one piece of shit...
It's very risky to mine or buy those coins... so DON'T blame us!


Title: Re: [ANN][SYNC]X11 | POS| 1,000 Coins| 1 day mining left| *unmoderated!!!*
Post by: Hippie Tech on May 22, 2014, 11:36:30 PM
And one more questions: why are those (SYNC, BC, WC) "multipools" good for??
To get ripped one more time?
There are no reputation, no statistics, no profit...  So why those fake multipools exists??

Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
Btw to the multipool owners - please include some stats in the pool, i wanna see what my hashrate was for the last 24h etc, thank you !

LOL

Nooberous are those who do not see, yet believe. :P

They are noob magnets.

The maggot pools are also there to slow down any competition that may spring up.

EDIT

I recommend that you use the same title as the main thread. Just add the "unmoderated" part. ;)

You know you fudders cause me more profit loss than the actual scammers. If you want to be the hero brigade then why not bring attention to any of these coins before they build up significant volume?

We aren't god(s). lol...



Title: Re: NOT moderated conversation about SYNC coin
Post by: solid12345 on May 22, 2014, 11:37:25 PM

Sorry, but you know very well, that those country, colour, Pos X11 coins, etc...  are all one piece of shit...
It's very risky to mine or buy those coins... so DON'T blame us!

I know I shouldn't take advice from Hippie Tech who believes David Icke's theory that reptiles secretly run the world, now that is some wacky-ass shit!

Oh and steak tastes good, bacon tastes good.


Title: Re: [ANN][SYNC]X11 | POS| 1,000 Coins| 1 day mining left| *unmoderated!!!*
Post by: Hippie Tech on May 22, 2014, 11:39:53 PM

Sorry, but you know very well, that those country, colour, Pos X11 coins, etc...  are all one piece of shit...
It's very risky to mine or buy those coins... so DON'T blame us!

I know I shouldn't take advice from Hippie Tech who believes David Icke's theory that reptiles secretly run the world, now that is some wacky-ass shit!

Oh and steak tastes good, bacon tastes good.

umm.. :D  Zulu elders do not lie. ;D


Title: Re: [ANN][SYNC]X11 | POS| 1,000 Coins| 1 day mining left| *unmoderated!!!*
Post by: Biomech on May 22, 2014, 11:55:48 PM
I'll stay with the main thread after this. But I got something to say.

 One. There is a small but vocal group on this site that will cry "scam" if someone states that the sun rises in the East. I'm looking at you, Hippie Tech/Amenstop, whatever you're calling yourself these days. You ain't the worst, but you are part of the "it's a scam no matter what" brigade.

Two. coin developers with no premine probably have an agenda or a hidden premine. See AsiaCoin, SHAcoin... I don't trust a developer who isn't actively trying to make a buck off of his creation. Call me crazy if you like, but capitalism works, unlike EVERY other economic system ever conceived.

Three. If you don't like a coin, so fucking what? Somebody will. Value is subjective. I actually like Sync, but I suspect it will be short lived. I hope I'm wrong, but the coin I believe in longterm is Bitcoin. The one that I have more faith in than the rest combined other than bitcoin is TEK. But you never know. DOGE comes to mind whenever I feel the urge to dismiss a coin utterly.

Four. Why go into attack dog mode on a dev for a TINY premine in the first place? Ask, sure, but do it politely. There's no reason to see this as a scam that I can see. A shot in the dark, maybe, but not a scam.

Five. GROW A LIFE, Trolls in general. Nobody cares if you feel good. In fact, most of you make us wish horrible things on you. Not because of what you say, but how you say it.


Title: Re: [ANN][SYNC]X11 | POS| 1,000 Coins| 1 day mining left| *unmoderated!!!*
Post by: coinjohn on May 23, 2014, 01:18:07 AM
I'll stay with the main thread after this. But I got something to say.

 One. There is a small but vocal group on this site that will cry "scam" if someone states that the sun rises in the East. I'm looking at you, Hippie Tech/Amenstop, whatever you're calling yourself these days. You ain't the worst, but you are part of the "it's a scam no matter what" brigade.

Two. coin developers with no premine probably have an agenda or a hidden premine. See AsiaCoin, SHAcoin... I don't trust a developer who isn't actively trying to make a buck off of his creation. Call me crazy if you like, but capitalism works, unlike EVERY other economic system ever conceived.

Three. If you don't like a coin, so fucking what? Somebody will. Value is subjective. I actually like Sync, but I suspect it will be short lived. I hope I'm wrong, but the coin I believe in longterm is Bitcoin. The one that I have more faith in than the rest combined other than bitcoin is TEK. But you never know. DOGE comes to mind whenever I feel the urge to dismiss a coin utterly.

Four. Why go into attack dog mode on a dev for a TINY premine in the first place? Ask, sure, but do it politely. There's no reason to see this as a scam that I can see. A shot in the dark, maybe, but not a scam.

Five. GROW A LIFE, Trolls in general. Nobody cares if you feel good. In fact, most of you make us wish horrible things on you. Not because of what you say, but how you say it.


lol, loved it

not like he'll ever care though


Title: Re: NOT moderated conversation about SYNC coin
Post by: raskul on May 23, 2014, 05:43:01 AM


This is OUR crytpo revolution.



i'm sorry to have to point this out, but you seem to have borderline personality disorder(s) and delusions of grandeur.

please seek medical advice.




Title: Re: [ANN][SYNC]X11 | POS| 1,000 Coins| stuck @ block 7200| *unmoderated!!!*
Post by: Wolffish on May 23, 2014, 08:08:40 AM
Is this coin dead already  :o  no confirmations, no transactions, no trade... nothing!  

Guys in moderated topic are "so to da moon" mode  ;D only talking about pump!  Also how "exclusive" that coin is! Although that shitcoin blockchain even don't work!
I bet they even don't noticed that...

Oh... my...


Title: Re: [ANN][SYNC]X11 | POS| 1,000 Coins| stuck @ block 7200| *unmoderated!!!*
Post by: Hippie Tech on May 23, 2014, 10:38:00 AM
I'll stay with the main thread after this. But I got something to say.

 One. There is a small but vocal group on this site that will cry "scam" if someone states that the sun rises in the East. I'm looking at you, Hippie Tech/Amenstop, whatever you're calling yourself these days. You ain't the worst, but you are part of the "it's a scam no matter what" brigade.

Two. coin developers with no premine probably have an agenda or a hidden premine. See AsiaCoin, SHAcoin... I don't trust a developer who isn't actively trying to make a buck off of his creation. Call me crazy if you like, but capitalism works, unlike EVERY other economic system ever conceived.

Three. If you don't like a coin, so fucking what? Somebody will. Value is subjective. I actually like Sync, but I suspect it will be short lived. I hope I'm wrong, but the coin I believe in longterm is Bitcoin. The one that I have more faith in than the rest combined other than bitcoin is TEK. But you never know. DOGE comes to mind whenever I feel the urge to dismiss a coin utterly.

Four. Why go into attack dog mode on a dev for a TINY premine in the first place? Ask, sure, but do it politely. There's no reason to see this as a scam that I can see. A shot in the dark, maybe, but not a scam.

Five. GROW A LIFE, Trolls in general. Nobody cares if you feel good. In fact, most of you make us wish horrible things on you. Not because of what you say, but how you say it.

1 - If the toilet paper sticks, its a shitcoin.

2 - ANY dev should be considered as highly suspect until they prove themselves. This takes time. NOT MONEY.

3 - Do you have any fucking idea how much we, the miners and investors have been ripped off by these maggots ? Obviously not.

4 - 5 or 10 SYNC is not "tiny". Since you really think that way...  sell 5-10 SYNC and give the BTC to Sean's Outpost. :)  https://bitcointalk.org/index.php?topic=295211.0

5 - We will stop trolling shitcoins if/when you greedy, "I'm gonna create money out of nothing just like the banks" bastards, stop supporting them.


Title: Re: [ANN][SYNC]X11 | POS| 1,000 Coins| stuck @ block 7200| *unmoderated!!!*
Post by: Hippie Tech on May 23, 2014, 10:43:44 AM
Is this coin dead already  :o  no confirmations, no transactions, no trade... nothing!  

Guys in moderated topic are "so to da moon" mode  ;D only talking about pump!  Also how "exclusive" that coin is! Although that shitcoin blockchain even don't work!
I bet they even don't noticed that...

Oh... my...

Has anyone confirmed that the premine was actually 10 SYNC ?

Then there is this distinct possiblity...

"42 and Descendents Have Unlimited Coin Supply Hardcoded"
Introduction

With a market capitalization ranking of 61[1], the coin "42"[2] is advertised as the "Highest Priced Crypto Coin Ever"[3]. This high price is attributed to the coin's rarity, which is advertised to be limited to 42 total coins. Unfortunately, it looks like 42 coin and descendents thereof (like 8 coin) do not cap the money supply at the advertised number of coin. In fact, unlike most cryptocoins, the money supply of 42 appears to be unlimited.

Money Generation

In bitcoin and most descendents the money supply is capped algorithmically in the function that calculates the mining subsidy. This function is called GetBlockValue() in the source file "main.cpp". In the bitcoin code base, the source for this function is:

Code:
int64_t GetBlockValue(int nHeight, int64_t nFees)
{
    int64_t nSubsidy = 50 * COIN;

    // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
    nSubsidy >>= (nHeight / Params().SubsidyHalvingInterval());

    return nSubsidy + nFees;
}

Here, the subsidy is halved for each "halving interval", measured in blocks (although the calculation is obfuscated somewhat for the sake of computational efficiency). It can be proven[4] that if all halving intervals are the same length (210,000), then the maximum amount of bitcoin ever produced will be

    21,000,000 = 2 * 50 * 210,000

42 (and probably several descendants, such as 8) uses a GetBlockValue() function like the following, taken from the 42 code base:

Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 0.000042 * COIN;
    if(nHeight < 419)
    {
       nSubsidy = 0.0000001 * COIN;
}
    if(nHeight == 1)
    {
       nSubsidy = 0.42 * COIN;
}
    if(nHeight == 420) // yay its 420 :) Time for a smoke
    {
       nSubsidy = 0.00042 * COIN;
}
    if(nHeight == 4242)
    {
       nSubsidy = 0.00042 * COIN;
}
    if(nHeight == 42424)
    {
       nSubsidy = 0.00042 * COIN;
}
    if(nHeight == 424242)
    {
       nSubsidy = 0.00042 * COIN;
}
    if(nHeight == 4242424)
    {
       nSubsidy = 0.00042 * COIN;
}
    return nSubsidy + nFees;
}

Except in a few cases (blocks 1-420, 4242, 42424, ...) all blocks will have the same reward of 0.000042 coin (ignoring fees). Notice that the 42 version of GetBlockValue() has no halving interval and makes no attempt to curtail coin generation at the advertised maximum of 42 coin. Without a geometrically decreasing reward value, the money supply will grow indefinitely.

For 42, the advertised coin maximum of 42 coin will be produced before block 1,000,000 (42 / 0.000042), or in about 1.33 years. But the existing 42 code makes no provision to stop coin production at that time.

MAX_MONEY

One part of the code for most cryptocoins that may be confusing to developers is the MAX_MONEY constant in the source file called "main.h". MAX_MONEY has two uses in the 42 code: (1) as a sentinel return value (which won't be discussed) and (2) to check some transaction values to ensure that they make sense. For the latter purpose, MAX_MONEY is used in the inline function called MoneyRange() in the "main.h" file:

Code:
inline bool MoneyRange(int64 nValue) { return (nValue >= 0 && nValue <= MAX_MONEY); }

This function simply checks to ensure that a value is not negative and does not exceed MAX_MONEY. Nowhere in the 42 codebase is MAX_MONEY checked against a sum of the balances of all accounts, which would require the computationally expensive task of either (1) calculating every account balance in the block chain and then adding them up, or (2) summing the coinbase (money generating) transactions over all blocks. The running total of money supply is not explicitly kept in the block chain.

The MoneyRange() function is used a few times in the 42 code. An arbitrary example is checking the the sanity of a transaction, as in the CTransaction::CheckTransaction() function within "main.cpp":

Code:
if (!MoneyRange(nValueOut))
            return DoS(100, error("CTransaction::CheckTransaction() : txout total out of range"));

Nowhere in the code for 42 does is MoneyRange() used to validate the total money supply of 42.



Notes:

[1] http://coinmarketcap.com/
[2] My screen name, tx42, is unrelated to 42 coin.
[3] http://www.42coin.org/
[4] http://en.wikipedia.org/wiki/1/2_%2B_1/4_%2B_1/8_%2B_1/16_%2B_%E2%8B%AF




Title: Re: [ANN][SYNC]X11 | POS| 1,000 Coins| stuck @ block 7200| *unmoderated!!!*
Post by: platorin on May 23, 2014, 12:53:06 PM
It's not a revolution at all.


Title: Re: [ANN][SYNC]X11 | NO POS| 1,000 Coins| POW (empty blocks!!!)| *unmoderated!!!*
Post by: Wolffish on May 23, 2014, 05:04:39 PM
Wanna thank Hippie Tech  for a good reading about "rare" coins supply and coin generation!


Title: Re: [ANN][SYNC]X11 | NO POS| 1,000 Coins| POW AGAIN (empty blocks)| *unmoderated*
Post by: Wolffish on May 23, 2014, 08:23:12 PM
Sorry, just can't help myself -  had to post it  :D
http://s16.postimg.org/b157u00i9/shitcoins.jpg (http://postimg.org/image/b157u00i9/)
SYN & SYNC like twins, so cute!

SYNC "dev":
ANN

If you are not generating coins is because of low balance, buy more at the exchange and all the nodes are on the new version



No comments for that  :o


Title: Re: [ANN][SYNC] X11 | 1,000 Coins | stuck & broken coin | *unmoderated*
Post by: Hippie Tech on May 24, 2014, 03:12:08 PM

SYNC "dev":
ANN

If you are not generating coins is because of low balance, buy more at the exchange and all the nodes are on the new version



No comments for that  :o

Thx but tx42 deserves all the credit for this.

Any guesses as to how long it took Hendo420 to "fix" it ? lol...

Now he is openly promoting the ponzi scheme..  "shakes head"

http://en.wikipedia.org/wiki/Ponzi_scheme

Quote
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.


Title: Re: [ANN][SYNC] X11 | 1,000 Coins | stuck & broken coin | *unmoderated*
Post by: J1mb0 on July 04, 2014, 10:06:07 AM
I am not having any problems whatsoever with sync.
The wallet is syncing quickly (just as well!), and the staking is working perfectly.
I wish HoboNickels was so easy! ;D


Title: Re: [ANN][SYNC] X11 | 1,000 Coins | stuck & broken coin | *unmoderated*
Post by: Hippie Tech on July 04, 2014, 12:52:54 PM
I am not having any problems whatsoever with sync.
The wallet is syncing quickly (just as well!), and the staking is working perfectly.
I wish HoboNickels was so easy! ;D


What other scams are you involved in ? ::)

Horus is the hobo. :o


Title: Re: [ANN][SYNC] X11 | 1,000 Coins | stuck & broken coin | *unmoderated*
Post by: Hippie Tech on July 04, 2014, 12:55:17 PM
As expected the facts are once again being ignored.

umm...

Pardon the delay ..  I've been quite busy with other things. Here is what I've learned thus far...

NOTE: These screenshots were taken on June 24 2014.

The blockchain exploer makes it impossible to track the addys and their respective TXs.


Block Explorer is BS. Their is no method to find your address, either by matching amount or otherwise. It simply does not work

Block 1 The premine is a 5 SYNC TX fee. ???

http://img.techpowerup.org/140701/sync1.jpg
http://img.techpowerup.org/140701/sync4.jpg

Block 2 This time we have a 2nd 5 SYNC TX fee plus 5 more showing as "total output".
http://img.techpowerup.org/140701/sync2.jpg
http://img.techpowerup.org/140701/sync5.jpg

- The original premine addy shows 10.05xxx SYNC.

http://img.techpowerup.org/140701/sync3.jpg

After much ado, this new addy is posted as 'proof' that the remaining 2.5ish coins were still in the dev's possesion. As you can see, this number grew to 8.38 SYNC by June 24.

Plz make note of this addy's creation date/time. ;)

http://img.techpowerup.org/140701/sync6.jpg

Here is where and when MsCollec bought back the 2.5 SYNC premine. The 3 buys easily stand out as there was little to no volume.

http://img.techpowerup.org/140701/sync7.jpg

http://img.techpowerup.org/140701/sync8.jpg

http://img.techpowerup.org/140701/sync9.jpg


He is manipulating the SYNC and VOOT markets by using the premine/IPO and isn't being too shy about it. DO NOT TRUST !!


700K voot was sold last week, not at once but over a period of 2-3 days i think.  Please stop over-reacting 700k will not hurt voot vol of  7788832.23478840 VOOT

Guys chill the fuck out.

Selling 700k VOOT is not a problem...

Let MsCollec do what she needs to fund the development. I don't give a flying fuck if its in VOOT, BTC, or monopoly money! The outcome will be the same, we want a services performed and were going to pay whatever they want us to pay them in.

End of story, quit crying.

Good for you but you are a moron then.

I'm sorry but you are the moron if you believe 700k VOOT is going to bring down this market.  You obviously are a peon.

Maybe.  We'll see. Apologies for calling you a moron am just fed up with developers and team members who are clueless but please don't continue this practice it will only scare off investors in the end.


Title: Re: [ANN][SYNC] X11 | 1,000 Coins | stuck & broken coin | *unmoderated*
Post by: Hippie Tech on July 04, 2014, 12:57:16 PM
The new block explorer seems to have rewritten the blockchain. lol

I will release the date for the hard fork of interest halving very soon.

How about dates and rates?  Can we know those now?

It will be decreasing from 100% every month. just like regular block rewards halving.

You're just making things up as you go. :P

The new block explorer's blocks 1, 2 and the original premine addy do not match with the previous block explorer.

Block 1 - old
http://img.techpowerup.org/140703/sync4.jpg

Block 1 - new 
http://chainz.cryptoid.info/sync/block.dws?000005b1dabaff2faedc68817a46667ea8ee97df371348580ee9596c99506da8.htm

http://img.techpowerup.org/140703/syncnewbe1.jpg

Yet the 10 SYNC remains visible in Block 2's TX seen here.

http://img.techpowerup.org/140703/syncnewbe.jpg

You ditched the suspicious 5 SYNC TX fees and sent 5 coins to "N/A". lol This makes you the best noob dev EVVVEERRRR. :P