Still waiting on an explanation for those 1360 blocks

It was all a conspiracy to spearhead the announcement of HazardCoin!

Block reward for the first 5 blocks (including the genesis block) will be set to zero.

I'll humor this.

Join this discussion in the HazardCoin thread: https://bitcointalk.org/index.php?topic=204697.new#new

Preliminary HazardCoin features:

Retarget every 6 hours
5 minute block target time

^ Both largely irrelevant because... Block reward will be based on the amount of time passed since last block found. This unique mechanism will set it apart from all other altcoins, and also accomplishes the following:

* Make premining and instamining impossible
* Keep a steady and predictable coin generation rate
* DDOSing pools to decrease difficulty will accomplish absolutely nothing
* Discourage pool/coin hopping
* Provide incentive to continue mining even when network hash rate goes down (i.e. feathercoin)

The biggest place other altcoins have failed is in how they have been released. To ensure the smoothest launch possible:

* Release date will be announced at least 24 hours in advance.
* Password protected zip files containing the binaries will be posted 30 mins before release.
* By design, the coin will be impossible to premine or instamine

Most honest coin yet!

I mean, it can be. If there's actually an interest for it. I just thought of it off the top of my head.

False. There's a hardcap of 1 block per ~2.5 seconds even at 0 difficulty. Create your own coin and try it yourself! It's the reason why 0 difficulty coins don't reach block 2000 instantly after launch.

Preliminary HazardCoin features:

Retarget every 6 hours
5 minute block target time

^ Both largely irrelevant because... Block reward will be based on the amount of time passed since last block found. This will accomplish the following:

* DDOSing pools to decrease difficulty will accomplish absoluetly nothing
* Discourage pool/coin hopping
* Provide incentive to continue mining even when nethashrate goes down (i.e. feathercoin)

The plot thickens!

Perhaps I should take this opportunity to make HazardCoin? I know how to compile my own code, and won't premine a blockchain!

Yes, that is the default litecoin starting difficulty. It wasn't changed.

To generate 1360 blocks would take much longer than the time between his PM to me, and my post about it on the board. Theory disproven.

I already provided the source, screenshots of the working client, and my correspondence with him. I owe you nothing more. Compile the source yourself if you are so inclined.

I welcome milkshake to join the thread and discuss my findings.

Perhaps create a fresh genesis block and have a legitimate release, even.

It's actually a lot easier. You can compile from a git with (I believe) 3 lines of code.

For windows, the compile process is a lot more tricky.

There was already a linux miner compiled. He just couldnt get the windows one working (the only one people care about, good luck releasing a coin with no windows client)

Because he couldn't figure out how to compile windows binaries.

Wasn't planning on it until I saw the premined 1360 block chain. I just exposed it for what it is

I'll also take this opportunity to say that someone who can't even compile their own client really has no business releasing their own coin.

Bit more in depth than that. Some of the provided files were messed up, so I had to frankenstein it together with another litecoin fork to get a working compile. For those brave enough to try...

Oh why not. Have fun.

http://ca3.cc/elacoin.zip