Yep and bter corrected to btce price!!! |
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Commencing poll
oh decided to make a re apearance |
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I have noticed PPC has traded roughly within 2.4 - 2.7 for about 6 weeks...or so....and there are large buy and sell walls opposed to each other.....any views as to why this has been so stable for so long?  |
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People on here bought and mined a lot of this coin and none of us have sold a big order on bter - that should say enough.
how would you know this? |
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I notice the Bter graph just not show the whole story by a long shot, eg CNC dropped to circa 0.0006 and this shows no where I can see on their graph
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ATTENTION INVESTORS:I already have a couple people that have said they wouldn't mind moving on to BitFunder, but I'd like to here from everyone else.  Thanks, Ch How secure are they? wallets, fees etc....? |
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The rate at BS is 1USD = 50XRP
thats about twice as much as you can buy XRP for inside ripple If you want some cheaper XRP let me know |
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where do you get this information, I would like to see live market depth and price history
I login to the XRP/Ripple site Also am only selling at 100 XRP to 1 BTC now |
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Some service will arise to agreagtate a table of least fees.
Some one will automate it
some one will patch it
let the market work
Then why all the whining when you're confident that the InvisibleHand will take care of all? good point!!!! - it may just take longer....but your right! |
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True Pre-mine - Mining began before it was announced. I think this is ok to a certain extent as long as it goes to the developers and they use it to pay for server costs, giveaways, paying scripters, and maybe a little for them (like shares in an IPO). As long as this doesn't amount to too much of a pre-mine and they were up front about it, then I wouldn't be against it.
Insta-Mine - Friends of Dev's were sitting waiting to press the button as soon as it was announced thus getting super easy blocks before people have the chance to get their miners prepared. This has probably been done by every single coin in existence. It's not super ethical and I think this pisses people off. Setting the difficulty higher upon release would solve some of this issue (New Devs please take note).
Insta-Mine with Large blocks - This is the one where the first blocks are set to pay out several hundred coins then drop as the "days" go on. This is probably the worst of all especially if the Dev's friends are ready to mine the instant it is announced and even worse when the difficulty is so low that after 20 minutes the first 3 days of blocks are already eaten up my these miners. This is the only one that actually upsets me because it is set up to look like it is fair and great for early adopters but in reality it is the most unfair way to launch a coin.
It's a Pre-Mine because I didn't know about it - This is probably the real reason people call a coin "pre-mined" or "scam". It's because they are butthurt that they weren't online when it was announced, the difficulty went up to high before they could get in on it and now the want to make the coin look bad so that they can get people to lose faith in it and therefore lower the hash rate (or prices). Or, they prefer another coin and think that by bashing another coin their coin will look better. This actually has the opposite affect bringing more awareness to the coin.
and the proposed metric at the begining allows them all to be compared!!!! |
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I have watched XRP go from over 80K per btc to about 9K per BTC.
the XRP bubble/swing is on!!!!
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Still waiting for an answer by thread starter what is his definition of a pre-mine....
read the edit!!! |
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Not all Chinese are that stupid. OP spoke like we will support a crap altcoin simply because it has got "CHN" in its name, no we won't.
your right of course, but there are so many Chinese, that only a very small % are needed, also, has asort of gambling angle to it, and whoever did the CNC coin has themselves about 100K to 1 Million USD by now 100K to 1 million is by no means a Zerg rush. Besides, there is an inherent risk associated with being a copycat of Bitcoin--you have to survive at the mercy of people like Luke-Jr, if some of the Bitcoiners get irritated enough and decide to 51% you with their spared GPU mining rig, you are done. It's actually why Bitcoin is unique and not just replaceable with any altcoin. it is relative to other countries |
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The market by taking fees should decide, if the smallest fee is more than 54ubits then that it!
...
A good patch would be one that seeks the least fee from miners, and miners broadcast fees
You should note that the devs of the satoshi client have exactly that goal. They want these threasholds to be computed automatically. (Please read the discussion thread of the devs!). Just this is not so easy to implement and they found that the hard-baked-in constant for the minimum fee is dangerous, given the rising value of bitcoin. Thus they decided to implement the easy step fist and get rid of the hard-baked constant right now, replacing it by a commandline switch, with a default value used when the commandline switch is not given. below a certain fee, transaction don't get processed = market dicipline. It works! Some service will arise to agreagtate a table of least fees. Some one will automate it some one will patch it let the market work |
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The market by taking fees should decide, if the smallest fee is more than 54ubits then that it!
...
A good patch would be one that seeks the least fee from miners, and miners broadcast fees
You should note that the devs of the satoshi client have exactly that goal. They want these threasholds to be computed automatically. (Please read the discussion thread of the devs!). Just this is not so easy to implement and they found that the hard-baked-in constant for the minimum fee is dangerous, given the rising value of bitcoin. Thus they decided to implement the easy step fist and get rid of the hard-baked constant right now, replacing it by a commandline switch, with a default value used when the commandline switch is not given. the problem is 95% of users know nothing for CMD switch. They have to think about adoption/use not just codeing. Also I could adjust the payment anyway in 8.2 |
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Adding Junkcoin, the same start diff (0), and after it was started it was taken over by the big guys with huge computing power, I was lucky to get two blocks before they jumped in. After about 2 days, I believe some 1.5 mil coins mined, not including the 1 mil reserved bounty. Not as bad as other coins. The junkcoin receives some hash criticisms, now I see the previous existing ones are even worse.
can you post the data it the form above, eg need to JKC money supply |
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Just an FYI on Chinacoin.
I was one of the first miners along with a buddy of mine. He managed to see it posted in another location first so we jumped on it. I mined 400k of it fairly AFTER LAUNCH. Does this mean I pre-mined? NO, it means my buddy is bloody resourceful and found it at the perfect time!
I don't agree that chinacoin was premined. Hate on me if you like.. but it is what it is!
What kind of hash rate do you have?  I only had 6x 7950 hitting it. yes but the metric does give an indication of distributed, ie you have 400,000 of it. |
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Can anyone provide any info on how any of these coins handle chain will handle bloat?
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This thread is to act as a consolidated record of the premine of each launch, scraping from as many sources as possible. Please add any info you have as reply's I will collect to the top
To define pre mine
The 1st derivative (slope) of the curve of production over time in the first few days divided by total money supply proposed.
This will normalize for money creation over period x and allow meaningful comparison. Finally I will give as a percentage and as inverted ratio to give a feel for how long it would take to create the whole money supply at that rate.
Eg 1 Million in 1 day would have half the slope of 1 million in 2 days.
Edit i did not "pick" FTC first it was just available to scrape easily from another thread.
So FTC over the first 24 hours would be
=2,898,850/336000000
=0.8%
=116 DTMS (days at this rate for total money supply)
XRP
approaches 1/0 (took some time somewhere)
=100%
=1
the larger the day number the less of an effective pre-mine rate.
This definition is neutral as to who did what, but just looks at money supply/creation in the 1st 24 - 48 or whatever time period, and let's you decide with an easy metric.
Collected So far
Several coins launched that exact same way:
* Feathercoin launched with difficulty 0
* Terracoin launched with difficulty 1 (just as low as 0 in effect)
* Chinacoin launched with difficulty 0
* Novacoin launched with difficulty 0
FTC
* Exactly 24 hours after launch (2013-04-17 21:48:40) 2,898,850 Feathercoins had been mined
* There are currently 6,415,200 Feathercoins as of 5/5/13 at 3:20PM EST. This means that around 50% of the total Feathercoin supply as of 5/5/13 was mined in the first 24 hours.
* 20,000 Feathercoins were mined in the first 8 minutes.
* Feathercoin also started with difficulty of 0, just like BitBar.
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As value goes up, the the micro's are not micro's any more, but perhaps the Bitcoin protocol canot handle mass adoption then? is this an admission?
Do we have to swap speed for block chain size so FTC or even CNC might win out, and just live with huge blockchains, that are hosted on a serves and use electrum type wallets?
The market by taking fees should decide, if the smallest fee is more than 54ubits then that it!
This centralist approach is far to hamfisted, eg cannot change quickly for market conditiomns. A market approach is much better
A good patch would be one that seeks the least fee from miners, and miners broadcast fees
problem solved!!!
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