Bitcoin Forum
June 14, 2024, 07:42:14 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 [658] 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 »
13141  Local / Romānă (Romanian) / Re: Valoare bitcoin on: July 11, 2013, 11:27:37 AM
Vlade, fiindca si eu am fost excesiv de entuziast la inceput am fost tentat sa pun pe seama acestui entuziasm unele din postarile tale.

Acuma insa consider un castig faptul ca ne onorezi cu prezenta.

Imi dai voie sa imi ridic palaria in onoarea dumitale.

Multumesc de "tipsul" cu ETF.

Iartămă, dar nu īm dau seama dacă ma băznești.

Prima strofă nu īnțeleg cam deloc.  Sorry, dar am vocabularu de copil mic (īn limba romānă).
13142  Alternate cryptocurrencies / Altcoin Discussion / Re: A Coin Made Especially for Miners. on: July 11, 2013, 11:05:54 AM
I'm so excited to lauch this coin now, where are those 2 programmers to take my money?

Man, bad service. 

But we still need a decent name.  Or are we gong with nuggets?  Lol, that name cracks me up but for some reason I like it.
13143  Alternate cryptocurrencies / Altcoin Discussion / Re: A Coin Made Especially for Miners. on: July 11, 2013, 11:00:35 AM
See, this is what I was looking for and I think we found it.  A good way to give the small guy an edge without hurting the big miners.

This combined with the VGB should really give a relative uplift to the smaller miners. It's all % wise, like you said, relative to what you're used to making and that's better than anything else out there where you're flatlining all day long.

The rewards aren't even linear, just one huge flatline.  Dead mining, no fun whatsoever.
13144  Alternate cryptocurrencies / Altcoin Discussion / Re: A Coin Made Especially for Miners. on: July 11, 2013, 10:58:03 AM
Hey, that's a good idea.  So a flat reward system where all miners get like a weekly kickback automatically.  10% split evenly accross all miners.  Or maybe at random times during every hour to prevent people from jumping in, mining 5 minutes, and getting that reward.

That would work, same idea as mine but no middle men.  I like it and I think it's fair as big miners are not cut out which is what I wanted - win -win for everyone. 

Now again, the question is how hard is it to code this feature into a new coin, how much work and how much will it cost?  Cause it doesn't sound all that simple cause you have to make the reward at random times to keep people from abusing the reward but it has to be often enough so people who mined say all hour long then stopped get their reward.  So it has to be a preset time but at the same time, random enough to keep the crooks out.
13145  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 10:35:51 AM
Justin Bieber got more votes than SHA256. That was the reason for that question.

Yeah, it's pretty clear, most people aren't ready for ASIC mining or merge mining.  And since this coin is designed for miners then scrypt it is.  And that's final.  If this works out I can always launch an even better coin for SHA256. 

Thanks for all your inputs.  It was hard letting go of the merged mining idea.  I just assumed most people were already doing it or in the process of buying ASICS. Maybe in a year or two.
13146  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 09:54:31 AM
Hey how about this?

What rule says I need to be stuck on one or the other?  Why can't I launch a SHA256 coin and the same exact coin on Scrypt.  I mean its a total cut and paste job for the most part so I can probably get a break on the programming for the second coin.

I mean, if you saw a dual Litecoin launch wouldn't you say, oh cool, I can mine that later when I get an ASIC but for now I'll mine the Scrypt version.  Why not?  It's just more money for the launch but if they survive each will be supported by their respective mining community - SHA256 vs Scrypt.

And what a wonderful experiment - this would answer a lot of unknowns and a lot of questions for future coin launches and you get to see how each one performs by comparison since everything is equal except the cryptography.

That's the best way and I think a lot of debs would be curious to see what happens and which version stays on top or succeeds more and many may tweak their future launches based on this experiment.

Now I need to find out how much extra a programmer would charge for a dual launch.  This way everyone is happy, a true miner's coin.

Nuggets 1.0 and Nuggets 2.0....lol
13147  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 09:47:46 AM
And I'm not seeing this as a playground but a Serious endeavor.  That's why I'm asking all these questions and running all these polls.  I really want to release a serious and respectable coin so I don't care about the short term profits - long term is where things get interesting and more rewarding for everyone.
13148  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 09:45:18 AM
@zas,

I have faith in this coin otherwise why would I launch it with a 3 day warning and on SHA256 where it can get killed?

Why would I want to avoid SHA256 if you yourself are saying the price of the coin will go considerably higher than scrypt?   You're saying I'll lose my objectivity and become corrupt and dump everything and ruin the coin, right?  What am I gonna dump, there's no premine and the 1% I'd get would be peanuts compared to the whole market.

And I have a bit more control than that. If I was doing this for profits first I Would have gone with my CatholicCoin idea cause I personally believed that coin would have brought in a large stable Christian user base. 

So far I have altered this coin launch per the wishes of the miners and the alt community cause I want to avoid another crap coin but I have to tell you, this SHA256 vs Scrypt part is hard for me to let go cause it makes so much more sense to do SHA256.  And I disagree, it shows I have a lot of confidence in the coin as it means I think it will survive a very likely 51% attack.


I get the feeling most people voting for scrypt are doing so simply out of personal interest - it's easier to mine a scrypt coin if you're a small miner but that's because most people don't realize how cheap and available ASICS will be in the coming year so they're just misinformed and acting out of fear.  I'm a small guy and I'm buying what ASICS I can cause I see huge money in merged mining.

Not the $1.20 per day I was clearing with a new dual 7850 GPU rig.  For that money you can get nearly a 40GH BFL ASIC and make 10-20 times more money even with a way higher difficulty by focusing on merged mining.  It looks like the majority of miners aren't seeing this possibility or maybe they don't want to risk buying ASICS.

I've been very outspoken on here, there's gonna me a lot of guys gunning for any coin I launch. 

So I say it all rides on what a programmer says about how hard or easy it would be to make a new SHA256 coin so it can merge mine. If it's easy then it's a done deal but if not then i'll probably go with Scrypt cause if rather spend my money on real features.
13149  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 09:31:44 AM
Ok, now we're making progress.  I finally got a clear answer.

I didn't know what you meant by scrypt has better security.  You were talking about the ease of 51% attacks on SHA256.  On that regard I don't care, I truly want to let the market decide:  make or break this coin.  I think that will be a true test.

And of course a person can have a great coin and some idiot kills it cause he's got 5 Tera Hash ASIC rigs and like you said, not cause the coin sucks but just because he can.  That's my only worry but I still want to see if this coin can pass such a test as it would say a lot to me.

Then the code writing - it would help so much if I knew more cause I hear different things all the time. I thought to make a coin so it can be merge mined was fairly simple if you think of it from the get-go, which I am.  Cause without the possibility of merge mining it doesn't make much sense to do SHA256.  That was the biggest reason.

So I need to ask some programmers - how difficult is it to make a new SHA256 coin so that it can be merge mined with the likes of Bitcoin.  I mean, I imagine 95% of the code is copy and paste, I don't see what would require so much work for a merge mine feature but then again, I was saying SHAW instead of SHA until some guy corrected me today so that's how much I know.

If a programmer can chime in I would appreciate it cause the best profits are in mining multiple coins at once.  TIA!
13150  Local / Romānă (Romanian) / Re: Valoare bitcoin on: July 11, 2013, 08:21:25 AM
ia zi nea vlad, am intrat pe wall street sau alte wall-uri ? a crescut BTC cu 20$ ... sunt putin ironic recunosc  Grin

Ai auzit vreo data de "dead cat bounce"?

Si daca te uiti la bid, este $10 Mai mic ca ask.  Asta inseamna ca nimeni nu cumpara nici aproape de unde crezi. care inseamna ca a sarit pretul $8-$10.  Dupa 3 saptamani de picas aproape in fiecare zi si normal. Nimic nu pica drept jos sau merge drept sus.

O sa vedem in cateca Zile. Am cumparat 6 bitcoin, sper sa Sara la $100 dar nu cred.  In orice caz, si daca nu merge la $50 cum am zis eu, Bitcoin tot "is being gamed" de wallstreet, si Bitcoin tot o sa primeasca licensa de ETF si dupa acea tot o sa mearga in sus extrem de mult.  Astea sunt Mai importante decat unde merge pretul intro saptamana sau 2 luni.

Sa faci bani trebuie sa vezi unde merge treaba in 2 Ani sau 5 Ani.   Sunt in actiuni in America de peste 20 de Ani si am facut doua facultati aici Pentru Economia si Finanta si credema, le curge balele la bancheri Pentru Bitcoin si cum functioneaza ei - cand nu sa-u prins devreme atunci se Joaca games cu actiuni (si acuma Bitcoin) sa prinda actiuni la pret mult Mai mic si dupa ce se incarca atunci incepe circul si toti la TV sunt parte din circ.  aici se face milliarde de dolari pe An la magari de banci.  Asta nu este conspiracy teorii - au fost toti prinsi acuma 12 Ani cu actiunile de Internet si doar l-ea amendat pe toti.  Pana atunci toti prostii aici nu credeau ca bancile faceau Asa ceva.

Este simplu - tu in locul lor ce ai face?  Eu cam Asa im dau seama ce urmeaza si este socant ce proasta este lumea ca toti acuma cred ca guvernul American nu o sa dea licensa Lu Bitcoin.  Este asa de socant ca ma rad. Sunt convins % la % ca deja totul este gata si incurand - poate 2 luni, o sa ea licensa de bitcoin si pe urma sa vezi ce circ global - ce orgie de la media din toate tarile dar incepand aici in America - o sa vezi pe toti cum devin peste noapte mineri de Bitcoin.  lol...anul ce vine maxim o sa inceapa nebunia, nu cred ca o sa fie Mai mult de in an.  

Pastreaza cati alt coins poti - oricare ca majoritatea o sa Sara in aer foarte mult cu cateva extrem de mult.  Eu cumpar si minez cate pot si nu vand nimic.

Good luck, brother!
13151  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 07:58:50 AM
Thanks for your input.

First let me clear about SHA256, in no way did I even think anyone would compare my coin to bitcoin, that's silly.  Maybe ixCoin since that was a total clone, but not my coin as my coin would be quite different, I hope.

The biggest reason for SHA256 for me is to give the ability to merge mine it.  I watched ixCoin being abandoned and yet it didn't die and that impressed me cause it should have died so I have been buying ixCoins ever since cause I think there's something there and I think people and bankers alike will soon compare it to Bitcoin. I mean, even the developer's name is a derivative of Satoshi.  

The reason ixCoin survived was cause of merge mining.  Merge mining is gonna get bigger and bigger and it's a sure thing to help any coin looking to get popular and build a strong network.  Without SHA256 there is no merge mining.  

My second reason for SHA256 is making it future proof and this is where we disagree.  I see a huge wave of awareness coming as soon as Bitcoin gets its own ETF.  I watched it happen with the Internet funds in the early 90's.  At first everyone was laughing and when those funds made mad money there was a rush to copy and make more big Internet funds.

Wallstreet will look to copy bitcoin so I think they'll choose ixCoin.  

At any rate, there will be a huge boom coming (next year) in awareness and with cheap ASIC miners the masses will get in on it.  I see it as foolish to design a coin which will not meet the needs of millions of ASIC miners in the very near future 12-24 months.  

These are my legit reasons - absolutely nothing to do with confusing newbies.

As for just giving out my ideas, I know this is open source which is why I don't care if anyone uses anything i can think of but since I think it's a good and original idea I wanna wait in case I launch my own coin.  I'll know in a matter of days and if not then I'll give the idea away in case it is a good one.

But hey, I thought routing 25% of the coins back to the miners was a great idea and it wasn't so who know, this feature I'm thinking of may be seen as a joke.  But I'm glad we had some position and informative conversations on these new threads and polls.  And the polls did help me a lot - I gave up on the idea of launching CatholicCoin and OrphanCoin due to the polls.  Helpful indeed.  But I haven't heard any solid arguments for scrypt - just mostly fear of ASICS and that's not a good reason cause ASICS are the future and the future is less than 1 year away.

Just watch bitcoin get the ETF license and then we'll talk cause nobody thinks they'll get it. Not the pros and experts anyway.  That's gonna change everything overnight like it did for the dot com era.  Buy and store as many alt coins as you can cause it's coming.  Good luck.
13152  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DVC]DevCoin - Official Thread - Moderated on: July 11, 2013, 07:14:39 AM
how do I get on the developer list? Id liketo take more of a developer and or administrator role as I believe in the long term potential of dvc. I write software for a living.

Admins are chosen for their contributions but if you can code I'm sure you can be an asset as a developer.  My guess is start adding value by looking at the bounty list which shows what kind of work is needed the most and go from there.  That's what I've seen a lot of programmers do and they're then judged by the quality of their work. Good luck, and welcome aboard - this is a great alt coin.
13153  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 06:33:33 AM
stereotypical remaining Bitcoin supporters at this point in time

http://www.youtube.com/watch?v=6KrNpxODiDA

I think you guys know how Denzell winds up in the end



Aahahhahaaaaa.  Great movie.


That's so funny.  That's the exact clip I imagined the second you said Denzel.
13154  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 05:53:06 AM
I have to presume Satoshi thought or this stuff cause ASICS have been around a long time.  Another reason I like SHA256 over scrypt - besides merge mining many coins together it feels good staying on the path build by the genius who put together bitcoin.  

yeah it feels good hoping Bitcoin makes its way to the largest collection of financial institutions in the world

You can tell the people who are all about Bitcoin with money in mind, and those who actually use their minds

I'm not sure if you're being sarcastic.

Bitcoin getting an ETF will definitely change everything but it will be a boon for all alt coins.

In the long run, like anything good - politicians and bankers will take over and destroy all that is good, and bitcoin is no different.

I laugh when I hear bitcoin millionaires talk about how bitcoin is private and the banks and the govt can't track you and watch you, etc.

That's laughable - they're all just waiting to really catch on with the masses before they come in and hijack the most popular one and kill or cripple the rest, in the name of national security.

Digital money would give the government and banks absolutely and total control over the masses with zero privacy left.  That is a guarantee and that's actually what drew me to alt coins cause I know they won't be allowed to fail.

Those pros in the media and wallstreet who laugh at bitcoin getting an ETF license and say it's not possible are truly clueless.
13155  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 05:23:00 AM
If SCRYPT would have been the algorithm to become "mainstream" first we would already have optimized SCRYPT ASIC.

how do you figure?


You can program an ASIC to do any one thing.  Right now they hunt Bitcoins but I think they can be fooled into merge mining other coins.

No they can't.  LOL.  The AS part of the name "Application specific " says it all.  

I didn't mean me or you reprogram an ASIC..  I meant you can design an ASIC from the ground up to do any one thing well.  If LTC gets to $50 and demand goes nuts they'll build Scrypt ASICS, but those will only do that one thing they were programmed to do and not also go after SHA256 coins.

That's what I meant.

Edit:

I see what you meant.  I thought I saw guys using BFL rigs to merge mine Bitcoin and one other coin on Bitminter.  I'd have to double check.  

You can merge-mine with ASICs, because all they do is SHA-256d. And people aren't going to build Scrypt ASICs. God, when is this myth going to die? You can build a specialized processor to do only Scrypt, but it'll cost just as much as a GPU because you need a large amount of fast memory for it. That's also why this dumbfuck:

If SCRYPT would have been the algorithm to become "mainstream" first we would already have optimized SCRYPT ASIC.

has no idea what he's talking about.

Ahahhahahaaa.  You know I wanted to correct him too but after seeing how he was cursing at people I didn't bother but you're right.  They can build ASICS but SHA256 has an advantage.

I have to presume Satoshi thought or this stuff cause ASICS have been around a long time.  Another reason I like SHA256 over scrypt - besides merge mining many coins together it feels good staying on the path build by the genius who put together bitcoin.  
13156  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 05:18:26 AM


Thanks a lot.  The part about NATO is interesting cause I think the govt will drool over the potential of digital money and what better way to implement your own than to hijack the most popular one (in the name of national security, of course).

Are you a programmer by the way or can you code?  I really need to ask a few questions to see if what I want is doable and how difficult it would be but the 2 guys helping launch coins aren't responding.  

And I'm worried if this is a good idea someone will steal it before I do it but you seem like a reputable guy but I don't know if you're a programmer or not.  TIA

I can code.

Yeah, but can I trust you?  The other guy had over 10,000 posts so I figure if he's been around this long he wouldn't want to risk his reputation on some silly feature.

Cause if this feature is really nice to have and someone else launches it first I'll be the me too guy and look like a hack.  It's the only small advantage I have if I do launch a coin.  

Well, he could steal your idea, too, and nobody would believe you had it first because of his seniority. You have to trust someone down the line.

Man, that's such a good point.  This sucks.  Maybe I should just put it out here and that's that.  If its good its gonna get copied anyway, but I would like to be first to offer it.
13157  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 05:11:50 AM


Thanks a lot.  The part about NATO is interesting cause I think the govt will drool over the potential of digital money and what better way to implement your own than to hijack the most popular one (in the name of national security, of course).

Are you a programmer by the way or can you code?  I really need to ask a few questions to see if what I want is doable and how difficult it would be but the 2 guys helping launch coins aren't responding.  

And I'm worried if this is a good idea someone will steal it before I do it but you seem like a reputable guy but I don't know if you're a programmer or not.  TIA

I can code.

Yeah, but can I trust you?  The other guy had over 10,000 posts so I figure if he's been around this long he wouldn't want to risk his reputation on some silly feature.

Cause if this feature is really nice to have and someone else launches it first I'll be the me too guy and look like a hack.  It's the only small advantage I have if I do launch a coin. 
13158  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 05:08:19 AM
On Bitminter as on many other pools it is possible to merge mine Namecoins together with BTC.

Besides, you can mine any SHA-256 coin with current ASICs.

Man, that's awesome news.  See, this is the biggest reason to go SHA256 - to have your coin merge mined with other coins.

I knew you could merge mine with a BFL ASIC but I thought you could only mine BTC as far as single coins go.  Where did you see you can mine any SHA256 coin with an ASIC, I even talked to josh at BFL and be said you can only mine Bitcoin so I was thrilled when I saw people successfully merge mining other coins WITH bitcoin.
13159  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 05:05:30 AM
You should really add to the poll that the poll is what would be the best encryption for a new alt coin.  And not what is the best in existence.  Since your on a Bitcoin forum.  Things are going to be a bit biased towards SHA256 if they think in any way the question is related to Bitcoin vs Litecoin.

Cryptography not encryption.  Neither BTC or LTC use encryption in the protocol.  Both use AES to encrypt client files.

So can you do a hard fork then in the future to turn say a Scrypt coin into a SHA256 coin?  Thanks.

You can do a hard fork to do anything in the future. 
You could fork Bitcoin so the mining reward goes up to 50,000 BTC per block.
You could fork Bitcoin so that transactions are irreversible.
You could fork Bitcoin so early adopter coins which haven't been spent are erased.
You could fork Bitcoin so that the UN has complete oversight of address allocation and the ability to block transactions, seize funds, and identify users.

Technically these are trivial changes to the codebase.  However it is very likely 99.9999% of people will never use your fork.  It is unlikely that any crypto-currency will have a hard fork on a fundamental aspect.  You will never get the consensus necessary for it to be effective.

Thanks a lot.  The part about NATO is interesting cause I think the govt will drool over the potential of digital money and what better way to implement your own than to hijack the most popular one (in the name of national security, of course).

Are you a programmer by the way or can you code?  I really need to ask a few questions to see if what I want is doable and how difficult it would be but the 2 guys helping launch coins aren't responding.  

And I'm worried if this is a good idea someone will steal it before I do it but you seem like a reputable guy but I don't know if you're a programmer or not.  TIA
13160  Alternate cryptocurrencies / Altcoin Discussion / Re: What's best - SHA256 or Scrypt? on: July 11, 2013, 04:33:03 AM
You should really add to the poll that the poll is what would be the best encryption for a new alt coin.  And not what is the best in existence.  Since your on a Bitcoin forum.  Things are going to be a bit biased towards SHA256 if they think in any way the question is related to Bitcoin vs Litecoin.

Cryptography not encryption.  Neither BTC or LTC use encryption in the protocol.  Both use AES to encrypt client files.

So can you do a hard fork then in the future to turn say a Scrypt coin into a SHA256 coin?  Thanks.
Pages: « 1 ... 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 [658] 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!