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1061  Alternate cryptocurrencies / Altcoin Discussion / Re: [EXP] Aggregated List of Coin Reward Features on: May 31, 2013, 01:06:41 PM
I'd like to get more contributions...
1062  Alternate cryptocurrencies / Altcoin Discussion / Re: new coin development on: May 31, 2013, 12:54:54 PM
Improved speed over LTC and BTC

Improved security over WDC and DGC

seriously you have 8 decimal places why do you need to generate more than 1 coin per block?

Balanced block reward throttling

~1 random super block each difficulty change

https://bitcointalk.org/index.php?topic=220919.0

I might add more ideas before it is over but development will begin as soon as I raise 1 BTC

already a fail...
1063  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about this quotation from Fontas? on: May 31, 2013, 12:53:50 PM
fontas has become irrelevant after his pump and dumps started failing.
1064  Alternate cryptocurrencies / Altcoin Discussion / Re: Really? Can we get a little more ridiculous... on: May 31, 2013, 12:52:57 PM
open source for the win. 

1. create awesome software
2. give away the code. 
3. people make crappy clones
4. profit?Huh
1065  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Futurecoin on: May 31, 2013, 12:49:30 PM
scam coin
1066  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] White-Board Coin Development [NoirBits] on: May 30, 2013, 11:07:57 AM
You could essentially consolidate all coins into 1. A new coin and client. The new coin would be  as close to stable as a coin can be by undetirmined means We will call it xcoin. Inside the client for xcoin all other coins can be bought and traded with xcoin. If you got enough acceptance you could essentially dominate. all others coins purpose would be to trade for xcoin to be used for services. You could make mining xcoin not profitable but have transaction fees going to nodes to support the "generating" of xcoin. I doesnt even have to be mining. It would take some innovation. Maybe im too tired to be trying to explain this. Anyone get what im saying?

 Grin Grin

1067  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] White-Board Coin Development [NoirBits] on: May 30, 2013, 11:06:28 AM
I respect that you are holding off during the shit storm

Quote
I figure total coins should be 8 mil. This coin runs out after a while, and instead of further mining, holders of coins will see them gain interest.

Now, its my understanding, that, when it runs out of mineable coins, the network will screech to a halt. No blocks, means no miners. No miners, means no confirmations. No confirmations, no transactions. Coins can't be moved around. Thoughts?

Correct but it is assumed that miners would keep mining for the network fees.

i'll read through your ideas and explanations, are you a coder? That is one issue we always forget to consider, My thoughts on the next gen of alts is to basically start from scratch, writing the entire code myself. It may take half a month or two if i use the main.cpp for references, (the one everyone has raped) to have a fully functional code. And due too the untrustworthy nature of some of the individuals on this forum, it makes it hard to have a large dev team of up to ten members.

Programming for 15 years.  C, VB, C#, Java and many script/db languages.

I've ported scrypt into c# and I've built my own cgminer botnet wrapper to keep up on my operations.  I haven't really done a full investigation into building a coin, only reading through the source to see what it does.  Its all very simple code.  I would go into the building in exchanges but its not fleshed out yet.  
I also want to implement a model where the network is a collection of loosely tied networks of various scales.  the networks would then merge and break apart as needed and would process block chains between each other as exchanges.
1068  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] White-Board Coin Development [NoirBits] on: May 30, 2013, 10:57:06 AM
i do not attack ideas, i asked for the reasons why this is viewed as innovation, if you look at the current state of affairs between monetary policies and fiscal policies manipulating exchange rates and inflation you will realize the fallacy in that line of thought (in my opinion). There is a lot of wealth in the world, and if we were to try and create a crypto-currency the factors involved would first lead to hyper-inflation as the market demands more and as they gain more uses, this would continue until we reach a balance, at which time we would reach a balance and then know the actual value of the currency and what it can achieve. What you are talking about is called deterministic monetary collusion, where by setting such parameters we essentially make miners rich yet that defeats the purpose of wide spread adoption. Such thoughts are novel when we have other forms of backing for the currency, but we dont, ergo the market should decide unril we find a crypto that can back it's self. Today if the price of bitcoin fell to ten cents, all the cryptos would fail and it would be essentialy worthless in real world terms. A currency nomatter if it is paper, rocks or zeros in your wallet must have a measure of accepted value worldwide for it to be deemed acceptable, in the old days, paper money represented a share of gold, ergo gold (accepted everywhere) was the backer. We cannot back cryptos with existing currencies of countries because they are susceptible to any changes in that particular economy.

That is how money works, so for us to begin attempting to meddle with money supply issues, we would end up exactly where we are now. The only factor is the total limit of the number of coins, which are then sub0divisible. When you factor these numbers in, you will see what i speak of, if a  large group invested today and decided to make Yacoin their currency, the demand would be high, price would spike and more miners will mine, up till the market is satisfied. See the bitcoin bubble of april.

you are meddling with money supply issues by producing another coin.  you are meddling with money supply issues when you set a specific block reward.  Don't you think that all the issues surrounding premining, instamining and fair starts is a for of money supply control?

You can't hold yourself to your position when you can't see yourself from everyone else.  I"m not stating that the current economic system is healthy, fair or wrong.  All I can say is that I will not discount thousands of years of monetary policies that have lead to this point int time because I do not like the current one.  Better to investigate money supply control and see what you can learn from it.

1069  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] White-Board Coin Development [NoirBits] on: May 30, 2013, 10:41:28 AM
I respect that you are holding off during the shit storm

Quote
I figure total coins should be 8 mil. This coin runs out after a while, and instead of further mining, holders of coins will see them gain interest.

Now, its my understanding, that, when it runs out of mineable coins, the network will screech to a halt. No blocks, means no miners. No miners, means no confirmations. No confirmations, no transactions. Coins can't be moved around. Thoughts?

Correct but it is assumed that miners would keep mining for the network fees.
1070  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] White-Board Coin Development [NoirBits] on: May 30, 2013, 10:39:19 AM
I'll expound on inflation rate vs exchange rate.  when I mean exchange rate I do not mean price.  I mean rate of exchange.  The rate of transactions.

Why produce more coins going forward if the coins you currently have are not trading well.  You need to measure transaction rates not hashing power to determine if you will generate more rewards.  That will provide more stability in that traders will be more likely to hold something that will not devalue itself over time .

I started a thread here on concepts for coin features to try to balance or offset coin inflation rates.

https://bitcointalk.org/index.php?topic=219568
1071  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] White-Board Coin Development [NoirBits] on: May 30, 2013, 10:32:22 AM
innovation 1 - integrate exchanges into the network
innovation 2 - balance coin inflation rate with exchange demand.

barwizi:  If you can't see the benefit of those two features you don't have much business developing a coin, as solving those issues would give us the holy-grail of crypto-currency a stable value.

don't make suggestions you can't back up. explain to us why that is innovative, throwing bullet points and pretending to be smart says otherwise.

Trying to balance coin inflation and demand is like trying to sent prices and interest, that is not the purpose of crypto-currency, in a way you are suggesting a form of market control which is  self-defeating. If you know what "free market" mean, you'd understand that it's the markets that decide on those factors and any tampering with that mechanism is trade control.

production of coins faster than the rate they are transacted is a form of price control.  you are effectively destroying the value of the coins by producing them.  creating new coins by mining them is a form of price control.  if you do not want price control in your coin simply do not provide block rewards.  simple as that.

I assumed that this thread was a brain storming session.  if you mean to attack a couple ideas immediately before trying to see what value they have then why should I bother going into them any further.
1072  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] White-Board Coin Development [NoirBits] on: May 30, 2013, 06:39:29 AM
innovation 1 - integrate exchanges into the network
innovation 2 - balance coin inflation rate with exchange demand.
1073  Alternate cryptocurrencies / Altcoin Discussion / Re: I present to you, my thesis on the future of altcoins. on: May 30, 2013, 03:21:53 AM
Funny Smiley , but frankly speaking Litecoin seems to be doing fine.   The rest I guess.....
I agree, there's a few coins that are doing well; the 'classics', like litecoin, and some new ones, like WDC/DGC/Phenix(i'm in doubt here)/maybe some I forget..

But most of these either bring something new (fast times/proper retargets/nice launches/great communities) while the most just bring CRAP (mindless clones of previous new coins/premined shit/stupid names + logo's) purely meant for enriching the dev.

I agree in that WDC/DGC were good in their implementation.  Not exact clones but still just tweaks of existing coin models.  I don't want coin development to die but I'd like to see this garbage coin process sped up so we can get through it and on to the next generation of coins ones that have significant development done.  I hope that people are starting to get sick of them.  Well by them I do not mean A B and C coins.  those are truly unique products in this market place.
1074  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] B coin on: May 30, 2013, 03:15:49 AM
Hey fucktard,
stop spamming the forum. One thing to make a joke, another to just post crap.

i didn't post crap.  frankly I'm not sure how you confused me with the crap coin.  This is a B coin.  For the letter B.  It has many uses.  For example I expect to pitch the idea to Amazon to only sell products that start with the letter B using B coins.  I think it is a lucrative proposition.

Does Amazon sell "B"ullshit?

lots of it
http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Daps&field-keywords=bullshit
1075  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] B coin on: May 30, 2013, 03:10:44 AM
Hey fucktard,
stop spamming the forum. One thing to make a joke, another to just post crap.

i didn't post crap.  frankly I'm not sure how you confused me with the crap coin.  This is a B coin.  For the letter B.  It has many uses.  For example I expect to pitch the idea to Amazon to only sell products that start with the letter B using B coins.  I think it is a lucrative proposition.
1076  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] B coin on: May 30, 2013, 03:00:04 AM
actually, i think this is kinda funny, since this is the exaggeration of what's actually happening. i see this as a protest post against the insanity of everything that is released, and as such, i love this coin with all my hate.

love it, hate it.  I"m trademarking alphabet coins as we speak.  Anyone attempts to use my idea I will file a suit against them.
1077  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] B coin on: May 30, 2013, 02:36:46 AM
by spamming useless threads your asking to get banned

I contest that statement.  I think that there is value in coins for each letter of the alphabet.  I hope to have these coins released in the next 12 months.
1078  Alternate cryptocurrencies / Altcoin Discussion / [ANN] C coin on: May 30, 2013, 02:34:48 AM
The letter C

reserving for future use...
1079  Alternate cryptocurrencies / Altcoin Discussion / [ANN] B coin on: May 30, 2013, 02:34:22 AM
The letter B
1080  Alternate cryptocurrencies / Altcoin Discussion / [ANN] A coin on: May 30, 2013, 02:33:38 AM
The letter A

reserving for future use...
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