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1041  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 08, 2013, 09:37:38 AM
Transaction fees are destroyed to counteract the small inflation caused by PoS

So, we should all just stop paying fees then? Since they don't actually go anywhere...

Hope that changes in the future... If that is the case, then make them off-set the "coins from nothing"... EG, lowering the "created coins", but not altering the diff in any way... if there were 2 coins in fees, then only 8 coins are generated for that block, as the 2 from fees replaces them. Thus, each 10 coins extends the generation of life of the blocks by one block, in the future. EG, 5 years + 3000 new blocks, if 30000 coins were "paid" by tx fees in the past. Unlike destroying them... that will eventually lower the "total created coins", and there will eventually be 0 coins to trade in the future...

However, saying you "generated 100,000 less coins than expected", as they were supplimented by transaction fees... is a "gain in value"...

Saying you threw away 100,000 of the economy, thus, we are now 100,000 short of the "total coins in circulation", is a poor design...

Change it now, before it continues...

Total coins created 1,000,000
Coins left 900,000 (100,000 thrown away in transaction fees)
coins left 700,000 (200,000 thrown away in transaction fees)
coins left 400,000 (300,000 thrown away in transaction fees)
...
end of life... only 10 coins left... nothing to POS with...

If we all set fees to 0... you offset nothing...
If we all set fees to something... there is no direct reward to anyone...

Where are the numbers for "tx fees thrown away"?

Now, if POS only "matched" a percentage of tx fees... THAT would be understandable, more than "coins from nothing". EG, moving tx fees to block 0 (a system block), and withdrawing a portion of fees to pay POS rewards. The more fees, the more the POS rewards, the less "coins from nothing". Thus, a reason to invest/hold coins for POS.

Unless fees are a "fixed rate", and "can not be altered", and "must be included to confirm a valid tx"... then disposal of something-or-nothing is like a stale-gesture... because it can be set to "something-or-nothing".

Just my economic opinion... I am slightly less comfortable mining these coins now... (BTW, pools usually live off tx fees, to offset lack of donations.)
1042  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 08, 2013, 09:21:48 AM
re-downloaded (again) the blockchain and seems fine now

Fixed

Bad node. Only epools affected. I funded all lost coins from this

epools and solo-miners... (I lost about 12 coins after 0:00:00, and any potential coins for the past 5 hours from 1:00:00 to 5:00:00, when the coin-network decided to sever my wallet and not let it connect to any nodes.)

Not complaining, but just saying that epool was NOT the ONLY one affected.

1043  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 08, 2013, 09:17:08 AM
BTW, who is getting the fees?

The fees are not coming to our wallets when we mine the blocks... We are only getting the 10 coins...

Though I see fees of 2.0-0.002 in most blocks that have transactions. Where are the fees going? What wallet are they going to?
1044  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 08, 2013, 08:29:01 AM
One of the chains went sour at 0:00 hours... at block 64751

Killed the old chain...

Redownload the new chain and continue mining... New block-height should be around 65032+

Backup the old chain, if you believe that the new chain may be incorrect. Though, I do not see any issues with it, at the moment. Just looks like the old chain crapped-out when time rolled-over to midnight, and a new client starting after 0:00 hours began building a chain that actually functions. (Didn't contain the 0:00 failed block.)

Honestly looks like an issue with "Division by zero"... or checkpoint and that roll-over time... Might want to hard-code any block at exactly 0:00:00 hours, to fail, even if it is "valid"... taking the next block after 0:00:00 hours. That, or purposely add 0:00:01 to all blocks  less than 23:59:99 in the future, so there is never a division by 0 occurrence. That would cause the block just before midnight to fail, but would remove a check for "zero" on every call... (Just guessing here. it was a block at exactly 0:00:00 though, I was the one who found that block. It is not on the new chain.)

Also note, 50729 block and 52190, and 56526, and 57080, and 57662, or one +/- those blocks, seemed to be giving the chain a little "confusion"... Kept stopping at those blocks, loading the new chain... had to wait forever for those blocks to load. (Could a few of those "reliable connections" be "stuck" and they just don't realize they are stuck? Like my wallet was just happy doing nothing, not reporting an "issue", thinking it was "all OK"... But my cgminers all reported "work not coming fast enough". Which is how I knew the wallet was "acting up"... lol, that, and they seemed to cut me off from the network after an hour.)
1045  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 07, 2013, 04:23:08 AM
Great coin, cant wait till its worth at least 0.0007 again!!!

It's headed that way again... even with BTC rise... (The more BTC rises, the less we have to sell, to get the same $ ammt. Thus, for those who can spare it, they can settle for less. Still, it will easily climb back over to 0.0015, when the suckers are done mining the new scam-coins, thinking they are going to "get in on the early value"... The new coins all die down fast, and settle-in quick. Doesn't take long for people to realize they are only getting a fraction of the estimated returns, due to orphans and rejections from fast solutions. But it does take some time before they realize it.)

Someone sell toilet-paper and "zombie survival kits", and coffee for CAP, and I will buy them...

Bottlecaps: The only way to survive in the digital apocalypse, is with the right tools. The toilet-paper is rough, the coffee tastes like dirt, but without the "zombie survival kit", you won't be able to wipe the shit off you ass, or stay awake all night, if you ever get attacked by zombies that ate your brains!
1046  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 06, 2013, 04:44:02 AM
That is the one I am using, and it runs fine...

I think 1.4.1 was just going to tackle POS things, now that we are minting POS blocks.

Have not hit a sour spot yet.
1047  Alternate cryptocurrencies / Altcoin Discussion / Re: For consideration, next-gen coins... Gen-3 on: August 05, 2013, 10:14:52 AM
This is what I was working on, for my coin... (Was... I have hit a road-block at the moment.) It did not take everything I said into consideration, but it does have a lot of it. Some stuff was more recently "thought-up" as I was working on my coin, and studying some new coins. (Bottlecaps, for one, and primecoin and copperlark.)

WARNING: It is just as long as my first post... lol

http://www.isawhim.com/coin.txt
1048  Alternate cryptocurrencies / Altcoin Discussion / Re: For consideration, next-gen coins... Gen-3 on: August 05, 2013, 10:11:42 AM
Also... When I said "destroy"... that destruction is not permanent. The term was used to suggest, "removal from circulation". Like I said, you get all your destroyed coins back, PLUS interest, based on the volume of transactions.

What is actually destroyed (not created), is the "coins from nothing". The gains would "replace" the destroyed coins with the other coins. Thus, less coins are "created", which is a form of minting destruction.

The governments estimate "lost or destroyed" coins/bills, and over-print that estimated loss. They also under-print (well they would), if the population suddenly deceased and left an abundance of money "in hand". They destroy by "not minting", not by actually destroying printed money. (They just don't mint more older bills that they would normally physically remove from circulation, and don't over-print estimated losses as much.)

This works on that same method.

The more transactions there are, the less "cons from nothing" you need to make. Since the largest portion are coming from fees. BTC sort-of does this, but it just halves every four years. Leaving miners to demand fees later-on, or leave. If the percentage is fixed, and non-invasive, from day 1... it will always be accepted by those who use it. No shock factor later on, when you find BTC programmers decide they want to force you to pay 150% tax-fees just to make a transfer for you. Not to mention, the fees simply give more, in addition to block-rewards, to the miners, which pools take now.

Holding 1,000,000 and not knowing when someone is going to dump it, scares investors away. Not as much as when they actually decide to dump it all at once...

Knowing that 1,000,000 were destroyed (sent to a time-released invested holding that you can see), comforts them, and limits dumping of large volumes of holdings. They get the 1,000,000 + tx fees back, in time... not all at once.

When you said that limiting transfers will not stop theft... you are right. But it will help to LIMIT damage to theft. Imagine someone hacking in to an exchange with 1,000,000,000 coins to steal. If they are limited to only transferring 10,000 per block... (1 minute) it will take them over 100,000 minutes or 1666 hours to transfer all the money. On that same respect... it will take them just as long to upload those stolen coins into an exchange, from one wallet. (If you are that rich, you have multiple wallets.)

The value would never get up to $1000 per coin, with the stuff above taken into consideration. That is the point. The reason BTC went from a stable $0.01 per coin, to $0.10, to $1.00, to $10.00 to $100.00, to $250.00... was because of the horrible economic considerations for how the system operates. The guy was a programmer, not an economic analyst. Most programmers think in forms of pyramid-schemes and "perfect world operation", and rarely make plans for complications. They deal with those things as they come, at our expense.

The things above, help to ensure a more stable value, that still rises within reason, and maintains itself with little intervention. BTC and most other coins, were created to make the first 20 people rich, at the following 20,000 others expense. (Pre-mining, insta-coins, easy-mining, super-rewards... followed by degraded value, in addition to exponential increasing difficulty, knowing that more miners would come and attempt to "demand crazy unworthy values" for them to cash-in on.) These things mentioned for consideration, are to actually develop a coin that is as worthy as a monetary alternative, as any other form of physical or digital currency. While still keeping it decentralized as a transfer-agent.

Also... the reason for the "destruction ability", is for legal reasons too. If ever a country demands that you must destroy your funds, for whatever reason... that ability is there. Destroying the wallet is useless, because wallets can be recreated, because they exist on the net, not on your computer. Your computer only shows what the contents of your wallet is, online. This destruction process would simply return the coins back to the miners, replacing the "coins from nothing", with the "legally surrendered mined coins".

For those who wish to take a political and economic stance, they could convince others to "donate to destruction", a set number of coins, or a percentage to never be returned... (not invested)... which would also help to stabilize the network by removing "coins from nothing". As well as allowing any other developer or generous person to do the same. I am sure you wouldn't ever "donate"... but someone might. Every coin added is one not created from nothing, and thus, a gain to all.
1049  Alternate cryptocurrencies / Altcoin Discussion / Re: For consideration, next-gen coins... Gen-3 on: August 05, 2013, 05:55:21 AM
Yup, I am Mr Sunshine... lol... (No, certain things just touch on certain nerves with me... Like "god complex doctors", who are just pissed that they spent so much money, to make money, and can't... because, well, they just are not worth what they think they are. Pure opinion.)

To the above, who should have shortened my quote. Tongue

The moving I was talking about was from Wallet A to Wallet A, not to Wallet B. It is not a MAJOR problem, but there are many who get pissed about being charged 30 coins for trying to send 35 coins, because the "wallet", which created the dust-coins, is now trying to send 1000 chunks of 0.02, 0.00123, 0.12314 ... ... ... to "make" 35 coins. The "tax-penalty", for merging all this "dust", is x-per-kb of data. (Something that you don't even know exists, you don't know the size, and you can't control it, and you didn't create it. But you are still "charged", or it refuses to send the coins.)

That can easily be solved by "moving" from Wallet A -acct 1234, to wallet A -acct 7473.... a bunch of small tx's, which then does this...

0.02 + 0.00123 (two small dust tx's) = 0.02123 (one small dust tx)

Turning that 35 coins from 1000 dust-tx's into one solid tx of 35, before it tries to leave your wallet. (You do not have to do that ONLINE, as long as it confirms... it should be valid... thus, no ONLINE sending penalty.)

As for the 10 chains... You don't grasp what I was saying... (My fault, I am sure, I am not easy to follow without a diagram.)

The hash-rate would still be 100Ghs for the network, not 100/10... However, they all work chain 0, then chain 1, then chain 2, then chain 3... They are all bound like one chain. However, each would be prepared in advance, with the following results deposits, and incoming tx's, which have had 9 blocks of time to propagate through the network, before being worked.

Like this...
(#2 being worked/solved/hashed, 3 being "setup", 2 is hashed to 1 on this row, and 2 below in the column, and TIME.)
{Building audited valid tx's in room #3, while #2 is being solved}
0,1,2->
0,1,2,3,4,5
0,1,2,3,4,5 (withdraw (#0), deposit-1 (#4) OVER ->, deposit-2 (#0) ABOVE ^... forward moving only.)
0,1,2,3,4,5
0,1,2,3,4,5
0,1,2,3,4,5
0,1,2,3,4,5
0,1,2,3,4,5(-> connects by hash to the next row, column 0)
 - SEED -

However, this is 3D... the solutions would be behind, off the block#... not part of the TX chain. The results of the solution are kept as a hash. Those get trimmed-off after like 1000 confirms, and that tx-chain is the only hard-coded part sent to others who are not block-archivers, who ARE keeping the archive of the solutions.

The purpose, besides security... (you can't "fork" block 7, because we are all doing the same one, if a centralized tracker indicates block 7 @ 12:34:00 is the block being worked and the results of that prepared block has a hash of a0f0123 for the contents.) The non-security aspect allows you to 1, prepare tx's in advance for block 7, while block 6 is being worked. You can then jump right onto block 7, after 1 minute, when 6 has now been solved, and you have already preloaded block 7's data and confirmed it, and KNOW it is the right one to work on. (You would not have to "check" to see if you are on the right chain. However, if for some reason you notice, or the porgram notices that it is stuck, or failing a lot... You would know, and have the ABILITY to "look for the correct chain", if that ever happens, or leave and mine something else, until the issue is resolved... The issue may be an attack, or a natural OOPS, or something like a severance of a major back-bone hub on the internet. The internet is not persistent. ISP's disconnect all the time to reset and packets get delayed and lost and corrupted.) Even if it is just something related to trying to mine on old software that needs upgrading... At the moment, that just creates a fork, of old and new software results. Only takes one person to start mining with old software that ignores checks, or a hacked program to pretend it is on the right chain.

As for your comment about 11...

I "know" the "existing method" is to use only "one solution"... But there are many solutions in a hash. We are told to submit the first solution we find "above" that difficulty. There are billions of valid solutions, because each one is unique to our wallet identification, which is how it confirms "A valid solution". Though, I assume you were talking about "prime". However, my suggestion was to accept the top 100 in x-time, (as opposed to rolling for a lotto-diff result), and auto-close the block after 1-minute. (With the end-time being part of that solution-hash, which would auto-reject any solution that didn't match, as the new-time would not match the solutions, which instantly get hashed/solved to any-diff, closing the block... so that the hash can be used to start solving the next block.)

The point of that was... then there is not 1 winner per block. There is 100 winners per block, which gives a more even reward, and helps to remove the "luck" that pools and solo miners have to loose-out to... also... related to security... if the 100 winners are the same every time, you can safely assume that the results are a hack, or the block data you are being fed is wrong. Unlike being fed one block with one winner, which never even gets checked, beyond checking to see if it is valid. (The bonus was, for those coins that wish to keep coins off pools, they could sort-of control the abuse of power from a pool, as pools would have to use multiple wallets and couldn't accidentally attack the network... because if the 100 had to all be unique wallet-id's, a pool could only have 1:100th of every solution, and 99:100 would have to come from another wallet, another pool, another solo-miner.)

Remember, pools were intended to attempt to defeat the "luck losses", and "spread the wealth". If the program did that by nature, you would not need all that additional overhead, and you would have more personal gains. Not to mention less theft, and less sour-play pools that just take your coins and run. (They still exist, there is one up every day... Ever see your shares rejected, but the pool operators also mining, and seems to have more than the normal amount of shares, with the same power... or ever notice the pool seems to have a "technical difficulty" or "lots of rejects" from nowhere... then you find they swapped wallets, and just took your hashed coins. It has happened many times.)
1050  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 05, 2013, 04:54:45 AM
Ok, seems to have started again... (Still odd that it seemed to have stopped. Was that like the diff-adj stopping it from releasing too many POS coins in x-days or something?)

60935
60880
60873
60784
60781
60768
60692
60448

These are the latest POS blocks... Big jump from 58088 to 60448, just over 2000 blocks without a POS. (There was a lot of POS just prior, so maybe the system did just make an adjustment, if it didn't break, or hit a sour spot.)

I wish the block explorer would identify the POS vs POW blocks... instead of showing useless info like CAP (Obviously, we know we are looking at CAP. lol.)

Bold it, or highlight it, or create a separate POS explorer that only shows POS blocks.

Talk about bad luck... lol, they keep missing me by two blocks!
1051  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 05, 2013, 04:48:29 AM
45251 oops... lol.. told you my eyes were getting tired... Tongue

But the other one, with 9.999 should still have been 10... is everyone sending 10-coin transactions? Oh, I get it... there was only 9.999 available for stake, because 0.001 was lost as a fee from that block... That was the amount which got staked 9.999 but resulted in 0 gain... (The 0.001 was in another person's possession.)

Like the others I see 10.01 were obviously 20 coins available for stake, so they gained 0.01 from the 20 staked coins, thus 10 = 10.01 after the reward. (10 for the block + 0.01 for the stake-reward)

Any word as to why the staked coins POS stopped after block 58088?
1052  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 05, 2013, 01:56:05 AM
Updated the list...

POS seems broken... perhaps the last running POS wallet that was working, was the one on that fork... After they got back on the correct chain, that made 100% of the broken code for POS now running? (It seems)

After that block 58088, there have been no more POS blocks. Before that, there was about 10 blocks per 1000 blocks. (Roughly 1% were being produced 1:100)... Now none are being produced. The only connection I see, is that one old program which was still running, on the fork, which is now gone. Leaving us, with all the updated and possibly broken POS code, still running.

Unless, the diff for POS has changed to match normal block diffs... then I would have to manually search every block, one by one, to find the POS blocks. (In previous searches, all POS blocks have shown as diff-0.003)

If it is broken... could it be that the calculation, for some reason, thinks the "update date", is 0-days, and will not start working again until 30 days from the update, before it begins producing POS blocks?

That is the only "glitch" I can think of, which would result in a complete stopping of POS blocks, unless POS was just disabled after that date... or, the "variable" used had a max value of 65536, which is close to 58088... close enough that a calculation for "next after 58088..." in a formula that multiplies that by something, might fail... resulting in something like a rolled-over value of 232 for a next POS, which should have been (58088 + 232 = 58320) after the formula summed-up, but resulted in just 232, which was already done, and thus, would fail block-height by nonce... or something like that.

Has POS been disabled until 1.4.1?

I also found it odd that the block-reward for these two blocks was below 10... they were POS blocks...
45455, 9.999
45252, 3.666

The totals should have been at-least 10... right?
1053  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 04, 2013, 09:02:39 AM
Seems all are 10 reward blocks, split into 5 and 5... Huh

Here is what I got so far... From the block-explorer... These are the POS blocks I found, diff 0.003 blocks.

None from 60432 to 58089 (Odd) Huh Did it break?

58088, 10.1 (Last POS block I saw)
57977, 10
57780, 9007.448
57681, 10
57677, 10.01
57663, 10
57575, 329.171184
57573, 801.809569
57503, 10
57487, 58.450854
57414, 19.999
57399, 10
57366, 1.41346
57292, 10.01
57081, 37.569746
56760, 10
56734, 10.01
56706, 10.01
56628, 10
56589, 10
56579, 10
56528, 10.151756
56527, 114.495749
55447, 10
55375, 10.01
55286, 10
55173, 10
55042, 10
55025, 12.820391
54760, 10
54596, 10
54467, 10
54411, 182.72393
54115, 19.999
54041, 110.859239
53798, 10
53780, 10
53666, 10
53658, 10
53517, 3541.617183
53434, 10
53395, 10
53036, 10
53018, 10
53002, 26.578504
52727, 10
52721, 23.558961
52685, 10
52533, 17.217816
52490, 10
52401, 10
52296, 10
52191, 10
51866, 24.088814
51746, 10

MISSING (Stopped, eyes tired)

46065, 143.061964
45873, 19.398142
45455, 9.999
45252, 3.666

Might have been more below...

NOTE: Amounts in blocks are for the actual "block transaction", not the reward...
1054  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 04, 2013, 07:27:56 AM
I am glad that this coin was able to get back on track so fast...

Now I just wish the POS coins would be more rewarding and less difficult to find/create...

Three days in to "available", and not one single POS block. Not sure what the deal was with the POS being 0 on that one guys find... You would think that at-least it would be the minimum value... 0% of 0 is 0... Hard to get 5% interest on 0, and 5% of 1 coin would have been 0.05 coins... 5% of one block of 10 coins would have been 0.5... Though it did say something about reward showing in the next block... I assume the next POS block, which seems like it might take months to find just one block! (But it says 0 staked coins, so I am still lost.)

Do I have to "not be mining" in order to "be minting"....

I realize that it was said, "you do not have to be mining to mint a POS block"... but was that actually translated into, "you CAN NOT be MINING to MINT a POS block"?

Because I really don't want to stop mining... but if not mining is what creates minted POS blocks... Then I will open up my wallet on a hundred computers and not mine on all of them... lol... That should give me 100 chances, right?
1055  Alternate cryptocurrencies / Altcoin Discussion / Re: For consideration, next-gen coins... Gen-3 on: August 04, 2013, 07:17:55 AM
I did folding@home for years... then some other gene-folding thing... some sata thing... some hubble thing... and various other things of that nature. It was neat, but a complete waste of my power/money/hardware, when my hardware began to degrade from constant use. (Dust build-up heat deaths. lol. I was young and stupid.)

I LOVE the idea of doing "something", instead of "nothing", for work. However, to ultimately sustain use beyond "I do it because I love it", that 0.02% of society... (Those still thinking they are finding a "cure" for something, other than a cure for another person's debt-holes...) Some portion HAS to be supplemented directly, for that work, to make it thrive and allow it to find other purpose. (Which is why I suggested that any "purchased coins, by those creating the work", would off-set the "coins from thin air".)

Being bound ONLY to one specific thing, is not an advancement. We already have that. It is called scrypt mining and sha256 mining, and now primecoin and folding is coming too...

If a coin could do all that, and all be valid for the same reward... That would be an advancement. (Obviously the rewards would not all be the same, but that would be for the creator who purchases the coins to setup jobs/work to decide. The highest bidder or the most desirable "I do it for the cause", jobs get worked first.)

But like I said, that "is for consideration for gen-3", which I don't quite feel is here yet.
1056  Alternate cryptocurrencies / Altcoin Discussion / Re: For consideration, next-gen coins... Gen-3 on: August 04, 2013, 06:36:29 AM
Cure = false...

Nothing was ever cured. (Cure = Eradicated, stopped, gone, non-existent, fixed, removed, restored, solved.)

Death is the only cure that has ever worked 100% to CURE a life from ailments that only affect the living.

I agree that they can make ailments less discomforting, if you don't mind the side-effects, the long-term issues, or placing your offspring or others in danger, along the way. But this is getting off topic. lol...

First thing they do with the information you solve, is patent it, and put a price on it, then determine if it will help or hurt them financially, if they actually use that information and patent. After a 30 year private animal study, and another 30 year human study... you may see it go to market, if they managed to swindle more money out of you for real physical research. It isn't like they are posting these things online for free, and even if they did, someone still has to spend billions doing research and getting things registered, before anyone can "safely attempt to use it", "without yet knowing if it even works, or makes something-else worse". (Like TB, which is now getting back up to epidemic proportions thanks to the "cure for TB", without a cure. Like Aids/HIV, like chicken-pox...)

Damned if you do, damned if you don't... But if you do, you are broke, if you don't, you die with more money for others to take.
1057  Alternate cryptocurrencies / Altcoin Discussion / Re: For consideration, next-gen coins... Gen-3 on: August 04, 2013, 06:03:41 AM
Isn't the semi-decreased reward employed with PPC?

Enjoyed reading the thoughts either way.

I don't know all the details of how PPC functions, personally, but at this point, they all reduce rewards without consideration for actual individuals. That is why they all end-up depending on pools for any kind of fractional reward.

They decay based on hash-power, fast, leaving the only real rewards for early miners.

Eg, 1 miner gets 10 a day early on, solo-mining... then a month later, gets only 1 a day... then a month later the reward is 1 every 10 days... then ultimately, it takes 1000 miners to get 1 coin a month, which they all have to split 1000 ways. (As the network grows from 1 to 10 to 100 to 1000 to 10000000 miners {miners hardware})


To the comment about PrimeCoin and other forms of "do something" coins...

Just replacing "scrypt" or "sha256(sha256)" with "solve another solution"... I do not personally see as a "generation upgrade". That is just a swap of "solutions". (But like I said, I have mixed feelings about that feeling.)

IF they rewarded YOU, in coins, for that work... (Coins they had to purchase to get those results). That would be a generation-3 coin. However, finding a cure for cancer, by burning power (coal/nuclear/hydro) and using Chinese manufactured circuits that contain more cancerous elements and cause more cancers than they solve... that only rewards "pharmaceutical companies trying to save millions and making you spend millions and then use that solution to charge you for a cure"... I don't quite see "That" as being a gen-3 coin. However, it is better than the "do nothing" for a coin. That I agree with.

By the way...

Cancer has no cure... Nothing actually has a cure. That is just false advertising. That is how they manage to sucker people to give them money, so they don't have to spend it creating "ailment alleviations", that they call cures. If you had cancer in your body, and you "cured it"... that would leave your insides looking like swiss-cheese, full of holes where the cancer previously lived. Even if they found a cure, they couldn't cure you until you got it... and that would kill you, curing it.

Name one thing that was ever cured? You can't. Because nothing has ever been cured, only delayed, hidden, masked, subdued, or made worse... TB, Polio, Syphilis, Chicken-pox, Cow-pox, Small-pox... They all claimed to have a cure, they simply created more deadly versions in the process. The cures kill more people than the actual ailments ever did, and it only cost us trillions every year, for them to find new ways to kill us!

You want to cure cancer...

Stop buying cell-phones, stop listening to the radio, stop sitting next to a wifi computer, disconnect your RF power-grids, move away from the city, stop ingesting toxins, stop washing your clothes with cancerous bleach that you sit-in all day long, and move away from the radiation-screen blasters that you are reading these words on...

Oh, and stop breeding with people who are prone to cancers. Get to know the mother, father, grandmother, grandfather of the person you mate with, before you spawn genetic variations of undesired traits.

Problem solved... but no coins earned... and you CAN afford that cure!

Harsh, but true... We all start to die, from the second we are born. Some just do it better, more efficiently, peacefully, and willingly, more than others, who normally go out kicking and screaming, like they way they arrived in the world. In the end, we all just make things worse for those entering the world, before we exit. Even if we lie, and tell ourselves it is better... it is not. Thus, we offer only ailment alleviations, to those who pay us the most, the rest just have to suffer.
1058  Alternate cryptocurrencies / Altcoin Discussion / Re: For consideration, next-gen coins... Gen-3 on: August 04, 2013, 03:51:02 AM
lol... I get that a lot...

I find that response flattering, as well as your confession to consider reading it. Tongue

This is what I love about open-source... Often, it only takes an observation, a suggestion (even a bad one), and someone-else to agree or have a better idea, or counter-point, for advancement. {Hello run-on sentence.}

If all of this was just left up to me... We would all be screwed! I am an average programmer, at best. I can make components to test each individual component, but when it comes to throwing it all into one program... You would be better-off with a windows 3.1 spread-sheet and a check-book.

I spend too long hacking my own crap, just to see what it does, and if I can stop myself from breaking it. That is more fun to me.

P.S. That was the short version... Let me get my notes! JK
1059  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 03, 2013, 04:42:09 PM
I'm considering a concept for a Fractional Reserve Proof-Of-Stake 'BottleBank' Mining Pool. Where miners would have the option to 'lock-in' a percentage of their mined coins, for a fixed duration, to both add to and take advantage of PoS payouts from a large % of reserve CAP held in pool wallets dedicated to continual PoS minting, also helping to secure the network. Yes, I'm against centralization, but its good to try some new experiments and it wouldn't really be an issue with several PoS type pools up and running.

If you are looking to create your own coin... (as I am)... You might want to take a minute to read my long-ass blurb about future coins, gen-3 coins.

https://bitcointalk.org/index.php?topic=267251
1060  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MANDATORY UPDATE BottleCaps v1.4 | No Premine | 0.25 Start Diff |Proof Stake on: August 03, 2013, 05:02:11 AM
Yea, none of my blocks are zero... not yet... soon I hope!

Got a link to your post? I have no idea what the "official forum" is... since the coin does not even have an "official website"... Though I would like to make one, it would not be official. Tongue

Finding lots of blocks though. Nice diff level to solo-mine.
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