14416 I think happened in less than 3 seconds so I now agree with you.

Hmmm. Block found in <5 secs = bot
But I suspect that it is more likely a problem with the timing blockexplorer? If you actually look at the replays, it doesn't look like bot. For example 14001. And also one of the ones you listed I think I got.

Regardless of how many people are mining at any time, it is the method of mining I am talking about.
If you need a special machine that costs $10000 to mine, then only people with $10000 to invest will be able to mine and hence they will get more $$ and be able to buy more machines and so get more $$ and so the richer get richer. If anyone with a home PC can mine and compete with anyone else, that inherently is a more fair, safer and stable system.
BTC was not designed for ASIC mining, the rise if ASICs is a problem. This is why we have things like Litecoin etc. This is why we have POS systems.
This is why I started this thread. Because none of these solutions work as well as the game as far as I know.

How was it different before ASICs arrive?
->Before ASICS and GPU mining anyone with a PC could mine BTC. This meant it was possible for a widely distributed p2p network without consolidation of power and funds to the people with power and funds.

Ain't nobody got time for that!
-> If you have something better to do with your time then that is great. If you are a farmer, builder, teacher or something useful then awesome. Hopefully we can use cryptocurrencies to remove all the unnecessary middlemen who shave value from the creators. If you are stuck in a place with nothing better to do with your time and your time is worth less than $10/h, then play the game and secure the network as you do. Hopefully you can then save some money up for training or starting a business and so work yourself up until you "ain't got time for that!".

It seems to me like the initial idea of Bitcoin was that the process of mining would secure the network, reward participants and ensure honesty.
The rise of ASICs (although predicted) is a glitch in this plan. With ASICs it is once again a situation of the rich getting richer, money making money.
Thanks to ASICs we now have a slew of cryptocurrencies trying to solve this problem.

The most innovative solution I have seen is something I think a lot of people have missed, hence me starting this thread. Perhaps this is something that can be built on.
Recently there has been the release of a coin that at the moment ensures that a human being is actively engaging in a game of skill and luck to compete with others in finding blocks.
Since anyone can mine anywhere in the world (with an internet connection), this is the most egalitarian coin I have come across and I am fascinated by the fact that this has not gained wider attention.

Check out this topic: https://bitcointalk.org/index.php?topic=591724.0

Conflict of interest: I have 100 for sale on C-Cex at 0.5 BTC

BWhahahaha!
This is my favorite MMO game ever!

21 mil btc
Means that only 21 mil people will be able to own a full btc at any specific time.
There are lots of people on earth and in a few years pop will stabilize at 10bil if you believe Hans Rosling.

If you own a BTC you are in the minority now and in the future.

It is dangerous to make money the goal of your life.
A better reason to support cryptocurrencies is if you support the advancement of humanity.
Call me a technolibertarian and a techno-utopian or whatever... but if we can have a way for people to live long and healthy with enough food and resources for everyone then what would wealth matter, why would you necessarily want to be richer than anyone else. Already now you can do more than the wealthiest man alive 100 years ago.

I find the people in this thread claiming 10mil is the new million ridiculous. If you have any idea what people like you and me live and survive with in some places of the world the idea of a million dollars (or even $100) would seem like a dream.

Steve Jobs was very rich. Then he got cancer and now he is dead. Working together we may one day solve problems like cancer. Years ago a measles killed so many, now we vaccinate and don't even need to think about it. (In fact the vaccination works so well that some people have stopped believing in measles!)

The problem I have with the focus being on making money is that this way of thinking incubates scammers and fraudsters for who the end goal is money and who miss the bigger picture.
And every added scam and fraud detracts and places obstacles in the way of cryptocurrencies achieving the utility they could.
But hell if you support this and invest purely for personal gain then please do, just keep honest too.

/sermon

0100100100100000011000010110001101110100011101010110000101101100011011000111100 1001000000111000001110010011001010110011001100101011100100010000001110100011010 00011010010111001100101110

I was just wondering if something like that is possible and could be implemented safely in the wallet.
I have heard that TOR is going to be incorporated somehow.

What would be great is if there was a way to do direct, trustless BTC/SC trading via the wallet itself and free SC from exchanges.
What would also be great would be for easy and secure access to a trading platform (perhaps via TOR?)

Nope.
Map has not changed and is not planned to change.

Great, I didn't realize quite where we were in the run up to block 8000 reset.

Nice work on 5 in a row. That is pretty good going! Hard to do that now lol.

Hmmm, I signed up it says I need a larger trade history to vote. I wonder how large. Happy to trade there as well if ppl think the voting is important. To be honest any exchange that doesn't list SC will miss out sooner or later.

At 18 secs this is now too frustrating for me.
I can't wait for block 8000.

Freaky to think this will be below 17 tomorrow. 17 secs to finish that map! Crazy!
Just goes to show how the playing of this has picked up.

Has anyone since block 2000 had two in a row?

Do you have to trade on mintpal to vote there?

I actually like having the different coin age deposits staking differently. It means lots of staking going on and feels very dynamic. Even if it is just tiny amounts it is great to see movement in the wallet. (Camel pun also intended.)

I just noticed that the transaction details under Type for the staked/mined transactions also say stacked rather than staked.
I'm wondering if you shouldn't just call it something else completely. It is still Proof of Stake because that is what people are aware of and comfortable with but maybe the "mined/staked" could just be "created" or something.

I have been looking for competent devs with a plan for a while now.
Silkcoin devs seem to have it together.
So far from what I have seen their modus operandi is: look at works from other coins and incorporate it beautifully into an easy to use and attractive wallet.
The POW is used as a way to distribute the coins so that no one can cry "foul" later.
The two stages is for everyone to see how the first POS period works out and then join in the second phase.

So far I have been very impressed with how everything works during POS.

What I expect will happen if devs keep to the same pattern:
With the next POW phase difficulty will shoot through the roof, there will be an initial surge in price and then a rapid drop to the levels we are at at the moment.
It depends a bit on how effective the shock and awe publicity campaign is in how wide adoption is during second POW.

Once POW ends the trading will slow down for a bit and then devs will release a wallet update borrowing some features from other recently popular coins.
Price will hopefully steadily climb from there.
I think Silkcoin is something to get into anytime between now and the end of second POW and then wait to see what happens.
Effectively we are gambling that dev knows what they are doing and so far all indications are that it is a good bet.

Also: there is one built into wallet or do I misunderstand you?

I have been motomining since day 1 (got some of the first blocks) and I was still able to get a block now.
Soon we will go to 1 min blocks and 20 coin rewards. This will mean less F6 and more skill needed to play since you will be racing your ass off to get the coin or the map will change.
We will still drift back down to 20 sec levels at some stage but then you will just have to play the map you are dealt every time and hope for the best because someone out there will get a good map and get the coin (and the more people playing the more challenging it will get).

I don't get who is actually selling MOTO so cheaply at the moment. Must be someone desperate for money. The fact is that getting a coin now is hard and it will get harder and harder.
This is a good thing and means more people are playing. It is also nice that machines can't mine this so every time the map changes you know someone else just made some MOTO.
Every time you get a coin you change the map for everyone, causing frustration all around the globe!


WilliamLie I think everything is working beautifully and I don't think you should plan on any more changes in the near future. See how it goes after block 8000 first and let things settle back into the adjusted block time difficulty. A future change is perhaps to change it from 20 coins to 10 coin reward and change the block time to 30 secs. This might even it out so that everybody has to play the map they are given since they will be on a new map every 30 secs with only 30 secs to complete! Which means the person who is lucky enough to get a map that can be completed and with the skill to do it before the other lucky ones will get the coins.

People are catching onto Motocoin and the price is rising. This is a great way to distribute a cryptocurrency. It is not people with money who end up getting more money but anyone with a PC who is happy to put in the time.

P.S at the moment you and the devs from Silkcoin are my favorite in the business, keep up the good work!

I have a dumb question:

To maximize staking: should I send all my coins to myself in one address?


Also:
some spelling mistakes in new tutorial page:
In settings->options you can set Reservebalance (it's the amount you don't want to stack)
In settings->options->display you can tick coin control, so you can control what coin you send (don't send old coins)
In settings you can unlock wallet for stacking only if you encrypted it.

Should be stake rather than stack?


P.S: dev I think you are onto it and applaud the way you are doing things. I am so sick of crappy devs that it makes me want to throw a party to celebrate a dev that is actually developing a great! coin. Thanks.

The dev is what makes a coin work in the short term and community in the long term but a competent dev is needed right through.
This I why I think silkcoin is going places.