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Well, I do admit that everyone likes to be lazy...which is why I came up with THIS idea:
You know how stopwatches work, right? Well, Imagine a stopwatch where you can spend the time generated by the stopwatch. For example, you can buy a pizza for 0:39:59 and the new Metallica CD for 0:59:59. Everyone can just sit on their ass and get rich that way LOL
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Okay, this is a more obscure one:
I have a stopwatch. But it doesn't say 00:00:00.00. Instead, it says 0.00000000, like a Bitcoin balance. When I start it, it will say 0.00000001, then 0.00000002, that type of thing every second it's turned on. Then once you have 0.00003600 of these "seconds" saved up, you send them (from the stopwatch "wallet") to another person or company for an exchanged good.
I call this coin TimeCoin. There is supposed to be a 27,000,000.00000000 coin limit (like Bitcoin), and every 0.0001 TimeCoin generated by people in the network, a block is confirmed. UPDATE: The block reward would divide by 10 every 200,000 blocks, so the final digit would be followed by another digit, making it 0.000000001 per second instead of 0.00000001.
UPDATE #2: It's either that or just turn the ordinary stopwatch into a wallet, and actual seconds, minutes and hours can be transferrable to other wallets. For example, you can buy a pizza for 0:31:59 and the new Metallica album for 2:59:59.
What does everyone think of this idea?
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I just thought of a crazy idea now that Bitwalking doesn't seem to be popular in the US and Burningman went short.
So, what if the steps themselves were a type of offline, Bluetooth-transferable coin? For example, Jogger A has a watch full of 53,453 total steps. Jogger B only has 2,536, but wants to sell his iPod to Jogger A for 39,000 steps. The Bluetooth transfer is made, and now Jogger A's watch says 14,453 steps, while Jogger B's watch says 41,536.
Any questions?
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On the Altcoin announcements page, I posted about ByteUSD, a coin that was originally meant to be traded for US dollars as a way to upgrade from fiat altogether. It is forked from ForkNote, and you can find the Config code to use with ForkNote on the comments.
Now here's the mining-related question: with ByteUSD, you can mine over a billion coins in one block. Aside from the doubts of the value of the coin, is it a good idea to mine a coin that spits out lots of coins at once? If so, would it be better off unpegged to any other currency, crypto or fiat?
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I FIXED THE PROBLEM. PLEASE CEASE MINING AND DELETE CURRENT BLOCKCHAIN.
I am deeply sorry for providing you with a defunct coin, and failing to serve Windows users.
The following is the config file to use with ForkNote to start over:
EMISSION_SPEED_FACTOR=18 DIFFICULTY_TARGET=120 CRYPTONOTE_DISPLAY_DECIMAL_POINT=2 MONEY_SUPPLY=18446744073709551615 GENESIS_BLOCK_REWARD=0 DEFAULT_DUST_THRESHOLD=1000000 MINIMUM_FEE=1000000 CRYPTONOTE_MINED_MONEY_UNLOCK_WINDOW=10 CRYPTONOTE_BLOCK_GRANTED_FULL_REWARD_ZONE=100000 CRYPTONOTE_PUBLIC_ADDRESS_BASE58_PREFIX=86 p2p-bind-port=21249 rpc-bind-port=21250 BYTECOIN_NETWORK=495fe694-1591-929c-1447-e5496c09bb62 CRYPTONOTE_NAME=ByteUSD GENESIS_COINBASE_TX_HEX=010a01ff0001ffffffffffff0f029b2e4c0281c0b02e7c53291a94d1d0cbff8883f8024f5142ee494ffbbd0880712101e5c293028740d936f88cb705142465a58bfa105dfd8294cbef9252bc3c933a11 MAX_BLOCK_SIZE_INITIAL=100000 UPGRADE_HEIGHT_V2=1 UPGRADE_HEIGHT_V3=2 seed-node=24.46.180.129:21249
THIS SHOULD SOLVE MANY PROBLEMS...and I should've done this from the start.
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To whomever that has had problems with ByteUSD...
I am deeply sorry for providing you with a defunct coin, and failing to serve Windows users.
The following is the config file to use with ForkNote to start over:
EMISSION_SPEED_FACTOR=18 DIFFICULTY_TARGET=120 CRYPTONOTE_DISPLAY_DECIMAL_POINT=2 MONEY_SUPPLY=18446744073709551615 GENESIS_BLOCK_REWARD=0 DEFAULT_DUST_THRESHOLD=1000000 MINIMUM_FEE=1000000 CRYPTONOTE_MINED_MONEY_UNLOCK_WINDOW=10 CRYPTONOTE_BLOCK_GRANTED_FULL_REWARD_ZONE=100000 CRYPTONOTE_PUBLIC_ADDRESS_BASE58_PREFIX=86 p2p-bind-port=21249 rpc-bind-port=21250 BYTECOIN_NETWORK=495fe694-1591-929c-1447-e5496c09bb62 CRYPTONOTE_NAME=ByteUSD GENESIS_COINBASE_TX_HEX=010a01ff0001ffffffffffff0f029b2e4c0281c0b02e7c53291a94d1d0cbff8883f8024f5142ee494ffbbd0880712101e5c293028740d936f88cb705142465a58bfa105dfd8294cbef9252bc3c933a11 MAX_BLOCK_SIZE_INITIAL=100000 UPGRADE_HEIGHT_V2=1 UPGRADE_HEIGHT_V3=2 seed-node=127.0.0.1:21249
THIS SHOULD SOLVE MANY PROBLEMS!
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Again, I STRONGLY recommend running the wallet on Cygwin, a virtual machine, or switching to Linux, for the sake of security and the fact that Windows 10 currently is pre-installed with spyware.
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anybody want some coins?
[wallet FTfH3H]: balance 2016-Nov-18 15:56:01.188219 INFO available balance: 17507297320016.40, locked amount: 6302218321160.18
lol what in the world is this coin total supply? That's mByteUSD. Does anybody have synced blockchain? Stucked on block 84. Error: WARNING Proof of work too weak for block 8623c02b7d718f870467fa406434e8b08eebd6f0cde2ba9b7aaf8b51c66c4dac Actually, gigabyted is correct. 17507297320016.40 is the correct whole amount. There are only two decimal digits.
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Not that I'm forcing this, but I'd rather that Windows users use Linux virtual machines to run this coin, for security and stability reasons.
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Yes! Get 'em while they're hot!
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Monero is popular on Poloniex, Shapeshift and HitBTC, as far as I'm concerned.
On a side note, it should be noted that I used cryptonote-generator to make this coin.
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Is there a Marketplace page on this forum?
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I currently only have a daemon. But everyone is free to make a GUI from the Git As for maintaining a peg, it all comes down to people trading their real dollars in hopes of inflation because of a set coin supply. After all, the US Mint prints WAY too much money.
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we need info for solo mining also
First, run ByteUSDd. Then run simplewallet, and create an address. Then run miner, by typing in the terminal: /path/to/ByteUSD-linux/miner --address byteusdaddress threads
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I'm actually working on Win64 as we speak. In the meantime, try Cygwin to run the Linux version. That should help.
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I know it's not much of an announcement page, but at least I tried! <$> ByteUSD BETTER THAN NUBITS. BETTER THAN BITUSD. BETTER THAN TETHER.
WHY?
The other pegged-value coins rely entirely on PoS. THIS COIN CAN BE MINED!!!! Forked from CryptoNote! 1 ByteUSD = $1.
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