This coin has incredible potential and a true cause... like I said Payu & co please do continue to engage the community... be open, be realistic,make a hard plan with set goals and a endgame, take actions, make them count... leverage the community, we can help , keep us in the loop.
I wish I could "Like" this. My involvement has been announced from the official twitter and AP has updated the website to make mention of it. I am working on getting goals together and some sort of timeline if we can get one together. I'm still just coming into the project from the dev side (even though I've been around the project from launch) and I'm trying to come into it quickly and get things put together so we will have something to show for the coin and fix anything that may need to be fixed. Hopefully I'll have some news within the next few days. I have a couple of ideas for the coin that I think will make it a very strong coin. I did not share them on the Skype session. I do not want to share them if they are not going to be acted on, because I will take them to a different coin in that case. So, let me ask, how strong are you as a developer? The distinctions could be, for example, you can use a text editor, change some constants, and build a new coin, or you have read the entire source and understand some of it, to you are an expert cryptanalyst, have a lot of network experience, and can change any aspect of the source and create a coin with distinctly different behaviors or novel user interface behavior. |
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I think it is important to avoid changes if it is at all possible. People want their currency to be stable.
I don't see any reason to change the payout amount. Think of it this way:
If I pay out 50 ABC per block, they can have some value, say it is 1.
If I pay out 5,000 ABC per block, they would then have a value 0.01, since there are 100X more of them.
The ABC currency can be a completely good currency either way. The thing that the currency does, that is good, is to allow payments to be made quickly. If the Lakota can, for example, put all of the tribal allotment into MZA payments to an address for each eligible recipient, then they have all at once made MZA a legitimate currency. There needs to be support for this. The gas station and the grocery store need to be able and willing to accept MZA.
The exchange rate simply does not matter, so long as it is stable.
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"Are you that fucking lazy you cant post in here or at least cut and paste key points."
Megaman - u have the passion and energy to put down MZC, but not to sign into skype and find out the latest news. I am asking u now, who is lazy?
I want to have a permanent, searchable archive of communication. This form satisfies that. My impression is that skype is in the same category as a telephone. That is, a real time communication channel without an archive or search ability. I did spend some time trying to use skype with Ubuntu 12.04, but was not successful in getting it to work. I did find an XP machine with skype on it, but I don't seem to find any instructions on how to get to useful information about Mazacoin. I, too, want the communication to be visible in this forum. |
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I'm glad that some of you sometimes are able to withdraw some coins. It's probably coming at the expense of new victims who are still depositing coins. I'm sorry for your loss, but this needs to stop.
I believe that most of the DEM withdrawn in the past few weeks are from mining operations that I and 2 or 3 others had active. Those other miners were active in the troll box, and we were taking an informed and calculated risk. I, for one, made sure that I always disclosed that there were special conditions involved with withdrawing DEM, particularly the possibility of an empty hot wallet, and I mentioned using the blockchain to determine that the hot wallet was not empty prior to scheduling a withdrawal. |
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Typical of lazy Cointerra run by Ravi and Timo....only selling a pack of 525. How about a 100 pack is that not "big money" enough? Irony though is that you spend 100K with them and they likely still only want to deal with you via email and if you talk with them by phone you are stuck with frontline employees. Why would you want to talk by phone. Email creates a record. |
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Mining is mostly irrelevant to recovery. It was/is an exchange first and foremost.
To that, simply functioning as an exchange would generate fee's to repay everyone with, which was the original intention. If the site can not function as an exchange, then there is no chance of recovering. It's not functioning as an exchange however, so recovery is dead.
The problem on top of the broken mining is the wallets are empty, people are not going to deposit there, too high risk, but many would mine a few low coins like DEM which worked until a day ago, and perhaps a couple of low diff ones like OSC and others which don't require massive hash rates. Erundook should pull all but a few coins out of the list of mining pools and focus on keeping those running, perhaps increase the fees a bit. If it looked like he was interested, many people would support him. It's his move. My opinion is that people would deposit if they knew they could withdraw. To accomplish this, the unavailable stolen coins need to be marked in a special way. This way needs to be clear to each individual account owner, and somehow fair. There is already a provision to mark coins that are held for exchange transactions, so the architecture is already in place, and the new work is of similar effort to entering a new row in an existing database table. |
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Now since blocks are regularly less than 600s (last diff they averaged under 510s) that means that a pool that does both of these bad practices is pretty much saying that they are getting their users to mine empty block ... quite a lot of their mining time.
I have mined almost exclusively at Eligius with my Avalon. Under the current mining conditions, it takes more than a week for me to enter the payout queue. I suspect a missed block could delay that payout by 1 block. That seems insignificant, and otherwise it is not clear to me how an empty block is a bad thing for me. I do see that an empty block was produced, and I can encourage a task to improve the transaction template processing, but I don't see any reason for urgency or scheduling this task before some others. |
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The current status:
The DEM orderbook has been cleared.
New orders cannot be placed.
DEM withdrawal attempts are answered with "Errors: address is invalid"
My last DEM mining pool share was accepted at 2014-05-24 21 22:06:39 UTC, my miner has failed over to Eligius.
DEM deposits were not tested.
The BTE orderbook is still active.
BTE withdrawal attempts are answered with "Errors: address is invalid"
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I have put in a lot of DEM in the past 2 weeks, and thought about the situation.
At this point, I think would be best if Erundook fully funded the two coins that have the smallest capitalization on his exchange, so that they always worked reliably. He should also mark other funds, e.g., "missing", so that people can't attempt to withdraw them and get stuck.
With reliable operation, we the market can work out a lot of the problems ourselves.
In fact, I think that adding Mazcoin to the exchange (MZA/BTC) and the mining pool would take care of half of this. As all balances are zero to start, anyone who buys mazacoin can withdraw them with confidence. Mazacoin currently has a depressed price, and a rising price on coinex could appear attractive to them. This would bring an influx of MZA to drive activity on the exchange. #Erundook #CaptainFuture |
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I have put in a lot of DEM in the past 2 weeks, and thought about the situation.
At this point, I think would be best if Erundook fully funded the two coins that have the smallest capitalization on his exchange, so that they always worked reliably. He should also mark other funds, e.g., "missing", so that people can't attempt to withdraw them and get stuck.
With reliable operation, we the market can work out a lot of the problems ourselves.
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I don't know why people want to reduce the supply. If the reward had been 50 instead of 5,000, I think all the prices would have been 100x what they are now, but people would have 1/100 the number of MZC, and the net effect would be no change.
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My Stats: Internal Server Error
The server encountered an internal error or misconfiguration and was unable to complete your request.
Please contact the server administrator, webmaster@localhost and inform them of the time the error occurred, and anything you might have done that may have caused the error.
More information about this error may be available in the server error log.
Anyone else? Same here. Stats seem less robust. Mining seems to keep working. |
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Well most of things is gonna be changed ... we are working on developers team for maza, we will fork mazacoin and stabilize price finally
Will this be a fork that Payu does not approve? |
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More thoughts prompted by the coinex troll box.
Here's the deal. First, I am a professor and I represent the truth. That means that I am very antagonistic to FUD, it is just evil. Second, I will tell you very narrow things that I am very sure of. I can say that I tested DEM & BTC. I can give you TXiDs to back that up. As to the other coins, the future of the exchange, the motivation of the admins, I stay silent.
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I think now would be the appropriate time to doxxx Erundook and raise a bounty to seek him out for some street justice, as it's obvious (and should have been from the start) that he scammed us all and ran with the money. Hell, already have his name, just need to seek out his associates or perhaps even his parents/relatives which should set off some alarms for him to suddenly start answering messages.
I'd be down donate JUST to see this happen, even if we don't get back the money. These scumbags need to learn you can't just commit grandscale fraud and not have to answer to consequences.
+1 Why not just work together so the people who want their coins now get them, and the people who have confidence make a small profit helping them? |
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1. it was not pre-mined. Just because you were not aware of this coin does not make it pre-mined.
That's the same as someone just now learning about crypto currency and saying bitcoin was pre-mined.
That's a completely false analogy. Bitcoin was public in every reasonable way at every stage, starting with the cryptography mailing list and sourceforge, and continuing from there. Plus even today bitcoin is only around 60% mined. Starting 3 years ago when I heard about it on TV news (!) it was more like 30% mined. This coin was kept secret until 80% of it was mined. We can speculate about how long that took (2 years or not) but either way it was not public until ~80% mined. That is a fact. The first commit on github was November 2013, the bytecoin.org website dates later than that, I think. Find something public earlier and I'll be impressed. EDIT: Also, looking at that very first commit is illustrative. And, it uses the same name as a publicly announced coin, also Bytecoin, announced in March 2013 and genesis block April 1, 2013. At least they could use a name that is not already public. In addition, for whatever reason, when you look at early articles that use [BCN] they refer to bitcoin. |
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I can't add addnode I get this
Method not found (code -32601)
on the console line, you can type addnode 66.234.123.28 onetry in the .conf file, you can add addnode=66.234.123.28 |
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Oh really. Do you have any idea where those timestamps come from?
If they stored a hash of the the BCN genesis block into the BTC blockchain buried back in 2012, I'd be somewhat impressed. Timestamps in their own blockchain, not so much.
You never miss a beat, do you smooth. You're like the Cryptocoin conspiracy theorist. Why would a group of people who devoted so much time and thought, create a lie about something as trivial as a date. Is there an announcement, say on bitcointalk, that is earlier than April 1, 2013? Is there something like a newspaper headline in the genesis block comment? |
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Probably because BTE is an unapologetic 1:1 clone of bitcoin, while this bytecoin is brand new and innovative with a completely different algorithm. Plus bytecoin sounds great as a successor to bitcoin. I causes confusion for both coins. If they can't do the basic check to see if the name is in use, that may make some people cautious of how much care they use in other areas. Or probably because they called the coin Bytecoin before BTE appeared. lol. BTE came out April 1, 2013. |
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