it will fail and the feds will come crashing down on it, this coin will still be around though.
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Cant access it, please tell me it's not DDos.
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EHoKK8Ag1dLQabGvrHSrpDHT4PXVrR78xW Yay!! thanks
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actually, it's not rushing considering when this coin came out. And as you can see from phenix coin, holding off from an exchange too long kills a coin
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Probably as soon as we get elacoin-qt to build for windows, which I just managed but without upnp support. I'm having trouble testing it though because my wallet(not the one I compiled) is having trouble syncing...(IOW, my built wallet won't sync but neither will my downloaded wallet, it connects to peers but gets stuck on n blocks) that is due to the low hash rate and very few (if any) nodes. why does that slow down block updates on the chain for a client that's behind? really have no idea how but i've noticed that if you cant get a stable connection when you start up the client, it wont sync
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I gave 8k out for free
send some my way please EHoKK8Ag1dLQabGvrHSrpDHT4PXVrR78xW Thanks
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I gave 8k out for free
send some my way please EHoKK8Ag1dLQabGvrHSrpDHT4PXVrR78xW
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i dont even have any to dump, actually gonna compile the client now, care to share me some?
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do you have any orphaned coins? maybe when the pump and dump you wer left with 45CNC or 10 elacoins, whatever you have, consider giving them to me just post the kind of coin you have and i will put up an address
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you know there is someone giving out thousands for free right?
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Yay thanks!!!!
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EHoKK8Ag1dLQabGvrHSrpDHT4PXVrR78xW
yay!!! send me tons please!!!
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I apologize if i came off critical, my bad.
I think i understand where you guys are going, but i'd appreciate some more info on how that works. Sheesh, i've only been coding for 9 years. Nothing on this scale though, one thing i'd point out is that when i looked into the forked coins, it was awful , some of the changes made the coins lifespan useless or compromised security, all in the hopes of pump and dump.
Either way, an integrated exchange may be an idea, but is it feasible and will it add anything of real world value and use? As for The one coin idea i like it a lot, but that would be a mammoth programming task. Though i've heard of a pool that is testing merged mining for litecoin and it's forks.
Yes it would be a gigantic task. But hopefully supported by the community. Open source at its best?! There are obvious flaws with what I put out but nothing a little innovation couldnt solve. The xcoin would have to be decentralized of course. But we would have to differ from ordinary mining to achieve such a stable coin I think. Transaction fees would go to the nodes generating xcoin. Not for themselves but the whole blockchain. The more transactions the more produced and the other way around But then you run into the problem of market cap. If a sudden demand produces a lot of xcoin it could still cause excessive inflation. When does production stop if ever? If we had a member who has done macro finance and economic models, we'd be a foot ahead. The problem of course is that variable market cap would only go higher. Even variable block rewards would not stem it. Any ideas guys?
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I apologize if i came off critical, my bad.
I think i understand where you guys are going, but i'd appreciate some more info on how that works. Sheesh, i've only been coding for 9 years. Nothing on this scale though, one thing i'd point out is that when i looked into the forked coins, it was awful , some of the changes made the coins lifespan useless or compromised security, all in the hopes of pump and dump.
Either way, an integrated exchange may be an idea, but is it feasible and will it add anything of real world value and use? As for The one coin idea i like it a lot, but that would be a mammoth programming task. Though i've heard of a pool that is testing merged mining for litecoin and it's forks.
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I respect that you are holding off during the shit storm I figure total coins should be 8 mil. This coin runs out after a while, and instead of further mining, holders of coins will see them gain interest. Now, its my understanding, that, when it runs out of mineable coins, the network will screech to a halt. No blocks, means no miners. No miners, means no confirmations. No confirmations, no transactions. Coins can't be moved around. Thoughts? Correct but it is assumed that miners would keep mining for the network fees. i'll read through your ideas and explanations, are you a coder? That is one issue we always forget to consider, My thoughts on the next gen of alts is to basically start from scratch, writing the entire code myself. It may take half a month or two if i use the main.cpp for references, (the one everyone has raped) to have a fully functional code. And due too the untrustworthy nature of some of the individuals on this forum, it makes it hard to have a large dev team of up to ten members.
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I respect that you are holding off during the shit storm I figure total coins should be 8 mil. This coin runs out after a while, and instead of further mining, holders of coins will see them gain interest. Now, its my understanding, that, when it runs out of mineable coins, the network will screech to a halt. No blocks, means no miners. No miners, means no confirmations. No confirmations, no transactions. Coins can't be moved around. Thoughts? for you to trade , you use your wallet, it counts as a node. Also miners will mine for the interest and node fees.
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i do not attack ideas, i asked for the reasons why this is viewed as innovation, if you look at the current state of affairs between monetary policies and fiscal policies manipulating exchange rates and inflation you will realize the fallacy in that line of thought (in my opinion). There is a lot of wealth in the world, and if we were to try and create a crypto-currency the factors involved would first lead to hyper-inflation as the market demands more and as they gain more uses, this would continue until we reach a balance, at which time we would reach a balance and then know the actual value of the currency and what it can achieve. What you are talking about is called deterministic monetary collusion, where by setting such parameters we essentially make miners rich yet that defeats the purpose of wide spread adoption. Such thoughts are novel when we have other forms of backing for the currency, but we dont, ergo the market should decide unril we find a crypto that can back it's self. Today if the price of bitcoin fell to ten cents, all the cryptos would fail and it would be essentialy worthless in real world terms. A currency nomatter if it is paper, rocks or zeros in your wallet must have a measure of accepted value worldwide for it to be deemed acceptable, in the old days, paper money represented a share of gold, ergo gold (accepted everywhere) was the backer. We cannot back cryptos with existing currencies of countries because they are susceptible to any changes in that particular economy.
That is how money works, so for us to begin attempting to meddle with money supply issues, we would end up exactly where we are now. The only factor is the total limit of the number of coins, which are then sub0divisible. When you factor these numbers in, you will see what i speak of, if a large group invested today and decided to make Yacoin their currency, the demand would be high, price would spike and more miners will mine, up till the market is satisfied. See the bitcoin bubble of april.
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innovation 1 - integrate exchanges into the network innovation 2 - balance coin inflation rate with exchange demand.
barwizi: If you can't see the benefit of those two features you don't have much business developing a coin, as solving those issues would give us the holy-grail of crypto-currency a stable value. don't make suggestions you can't back up. explain to us why that is innovative, throwing bullet points and pretending to be smart says otherwise. Trying to balance coin inflation and demand is like trying to set prices and interest, that is not the purpose of crypto-currency, in a way you are suggesting a form of market control which is self-defeating. If you know what "free market" means, you'd understand that it's the markets forces that decide on those factors and any tampering with that mechanism is trade control, which will cause wild fluctuations in price and availablity, making for an unstable medium of exchange. Please consider reading up on how markets work and maybe we can discuss the merits of such a system on a global scale.
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WHo can get this added to cryptsy?
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