2. Imagine, mathematicians, economists, programmers, philosophers and media veterans with strongest knowledge are making some effort to make really fairly launched cryptocurrency that is focused on real economy markets.
Thank you for the in depth response. Since you're the only dev, are you saying that you're a mathematician, economist, programmer, philosopher, and media veteran? Seems like a lot of roles to play. Also, while I agree with your logic to some extent about resisting asics by having a front loaded distribution, I'm sorry, but I think it's just way too extreme to disburse half of all coins that will ever exist in the first month when there was a minuscule hash rate. |
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Nice. Are the talks going to be broadcast? Youtubed at least?
Unsure. We have all asked KD to make sure it is in some way recorded because many of us will not be making it to the convention. Have not yet heard a definitive answer  We are all hoping! Answer is yes. From IRC: <jwSchool> hey KingDragon, you gonna have your talk in october broadcast/recorded? <jwSchool> so people can watch on g+/youtube? <KingDragon> jwSchool: heck yeah man <jwSchool> coolyo <jwSchool> thought so, just checking  <KingDragon> yeah, I was thinking, "I have an hour to talk and so much info to go through...." <KingDragon> I'm not even sure where to start. haha |
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Also, pool/network related. Does anyone know why the network hashrate seems to bounce up by 100% (or down by 50%) so frequently? It seems to oscillate between 5.something and 10.something Gh/s. Is this just due to the way network hashrate is calculated from difficulty, or is there actually huge variations in the network hashrate several times per day?
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Blackcoin was actually pumped the second time cryptorush was hacked aswell. It doesnt mean Cryptorush team was behind it though
Who knows what really happened. And yet you make comments that give the appearance you have the whole thing figured out in your head. This is EXACTLY what I was referring to. You obviously have nothing to contribute other than fud, nor do you have any way of knowing what really happened unless you are the one behind the theft of coins. Kindly take your nonsense elsewhere while we do as we have promised and return to users what they are due. For those who are still unaware, our CEO KingDragon will be giving a presentation in October detailing the theft earlier this year. Here is the link with details: http://grrcon.com/presentations/Nice. Are the talks going to be broadcast? Youtubed at least? |
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Wow! duck...err...darknote is almost 75% mined out  73.46% to be precise. I was thinking about buying back in, as I sold all the ducks I had back at like 6 satoshi cause I thought it was a joke. I like some of the new features implemented (but not the new name, but I wasn't gonna let that stop me) but I heard duck/darknote had extremely fast emission. Extremely fast may be an understatement. That just seems crazy that way more than half of all coins are mined out in several months when duck/darknote had fairly low hashrate in comparison to other cryptonotes, especially considering the two other prominent ones have much longer emission schedule. I wouldn't be surprised if joewills or dNote or some other early miner is sitting on 1B+ duck/darknotes. I'm not trying to troll, I just find it weird, and I would like to know the rationale. I read the Smart Economy section on darknote.cc: DarkNote is a cryptocurrency made for real markets and merchants. Supply curve is unique and meets miners, users and investors needs. 80% of ever generated XDN will be available after first year of mining. but I don't feel like that really explains it. How does extremely fast emission during a period of relatively low hashrate make it a better currency for markets and merchants? Hey,guy. Hmm.I bought some XDN @13-17satoshi in June 22. The price go down again and agian and only 3-7 satoshi before Agust 12. Everyone think XDN is shit.Nobody care the ugly duckling So My friends and I sold the most XDN about 500M when it at 3-6 satoshi. I trace the rainbow in the rain.An ugly duckling into a swan. With the announce the new GUI wallet,the really GUI wallet of CN-coin,the price go up. We are surprised by Dev's hard working.So I buy some XDN back. Although the volume of XDN which I own is less less than before,I am pleasure with the future of XDN. Everybody,Buy some XDN and it is not later. I believe the price will x10 in the next month. Thanks for not answering the question at all  |
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Please spread the hash a bit, to any of the pools below or solo mining. The top two pools (removed from list), cncoin.farm and bbr.5limi.com, control like 90% of the network hashrate. Either one alone is close to 50%. They also have the highest fees. This has been a message brought to you by the bureau of common sense  - MBK's Boolberry Mining Pool - Germany (Nuremberg), 2%, mbk, IRC:
- Sheepman's Mining Pool - US (FL), 0%, sheepman, IRC: sheepman
- ExtremePool - US (West), 2%, 33zer0w0lf, IRC: dayas
- Hashhot - US, 2%, guozhuliu, IRC:
- Unipool - Canada, 1%, unipool, IRC: unipool
- PooLTo.Be - DE, 1%( 0.05% to pool dev, 0.05% to core devs), filou4, IRC: PCFiL
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got to say: dividing tradevolume by new coins a day gives vtc 2 today. Bitcoin is 18, LTC is 58. VTC is on the low end of the coins when looking at volume/inflation. It looks pretty grim for VTC with that inflation. Vertcoin will need 50 times the volume of Uno for example to perform in the same way if you look at it on larger timescale. Yes, 50! (1 btc demand in uno is 50 btc worth demand in vtc) I'm pretty sure it'll be dead until next halving according to my calculations. You can't really expect any profit from it as an investor. Hope you review the inflation-thing again. 28800 new coins each and every day for the next 3.5 years is madness. Buying or holding the coin makes no sense. Just sayin'. Good luck.
edit: i'd suggest rewarddecrease of 1% every few weeks. That'll make it worth something. Take the bitter pill and hardfork it to a reasonable rewarddecrease to no kill it.
Inflation is intentionally high to help the coin achieve a widespread distribution. It's supposed to be a currency, not an investment vehicle. Ultimately, if the coin finds a use and widespread adoption, that will negate inflation, and if it doesn't, then it's failed as a currency. Also, doge > unobtanium, inflation be damned. |
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I think the best PoD measurement is to judge a coin by its Github commits. I also think sadly 80 to 98 percent of these coins will die, proving that having a "PoD" rating doesn't amount to much.  Only 98%?  |
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when will halving happen approximately? It'll go down from 50 to 25 reward, is that right?
It's on first page: Subsidy halves every 840,000 blocks (~4 years) So about January 2018. And yes, reward will go from 50 to 25. Pretty sure the emission schedule is straight clone of litecoin. |
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has inflation been reduced? If not, when will that happen? Or are you killing it?
nothing was said about reducing the inflation, i know there was a lot of talk about reducing inflation but i think most of the community was against it. Well, block halving is coming up...someday, so I guess that will reduce inflation. Personally I was against any changes to the coin emission schedule. The only thing I would not seriously object to is if the coin emission was switched from a traditional block halving schedule to an exponentially decaying emission schedule (a la monero), but keep the same number of coins emitted over the same timeframe initially proposed. But yea, it was discussed extensively here, and nothing came of it. |
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The guy is a full time youth pastor, hahah. Itd be hilarious if he was running a scam.
Yea, cause it's not like priests or pastors have ever done anything shady |
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I was looking for a "None" option, cause it looks like a long list of crapola to me.
I'd like to know when we're going to get a PoD done on that Satoshi Nakamoto guy. Seems really shady to me. Bet that's not even his real name... lol innorite |
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Does anyone have a step-by-step guide to setting up jwinterm's AMI to solo-mine? I have it pool-mining, but solo-mining using the above link is a bit over my head.
You gotta have some serious hash if you want to solo mine, pa, or be willing to keep your AMI instance running for a long time. Optimistically, you will get 650 h/s per instance on Amazon. Current difficulty is 1.14e9, so you would need on average 1.14e9 hashes / 650 h/s = 1.75e6 seconds = 20 days or so, and with variance that could be well over a month, and also difficulty may increase significantly in the next month as well. Unless you plan on running the instance(s) for several weeks at least, or you're going to run 20-30 instances, I wouldn't even worry about trying to solo mine. I would just recommend using a pool with less than 100 kh/s. You can find a list of smaller pools with here: http://minexmr.com/pools.htmlscroll down to see smaller pools. |
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I was looking for a "None" option, cause it looks like a long list of crapola to me.
Go buy more BTC I do hold some altcoins, but I just feel like if a coin has to get PoD, then they're not doing it right. I'm not gonna name any, but none of the coins I hold are on that list. It just seems a lot more like proof-of-collusion or proof-of-paying-some-guy-named-cryptoasian than proof-of-developer imo. |
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Wow! duck...err...darknote is almost 75% mined out 73.46% to be precise. I was thinking about buying back in, as I sold all the ducks I had back at like 6 satoshi cause I thought it was a joke. I like some of the new features implemented (but not the new name, but I wasn't gonna let that stop me) but I heard duck/darknote had extremely fast emission. Extremely fast may be an understatement. That just seems crazy that way more than half of all coins are mined out in several months when duck/darknote had fairly low hashrate in comparison to other cryptonotes, especially considering the two other prominent ones have much longer emission schedule. I wouldn't be surprised if joewills or dNote or some other early miner is sitting on 1B+ duck/darknotes. I'm not trying to troll, I just find it weird, and I would like to know the rationale. I read the Smart Economy section on darknote.cc: DarkNote is a cryptocurrency made for real markets and merchants. Supply curve is unique and meets miners, users and investors needs. 80% of ever generated XDN will be available after first year of mining. but I don't feel like that really explains it. How does extremely fast emission during a period of relatively low hashrate make it a better currency for markets and merchants? |
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I was looking for a "None" option, cause it looks like a long list of crapola to me.
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MON Rich List lol I don't even think there's a MON block explorer. |
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--data-dir
oh, derp. Fixed it. Thanks zoidberg |
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How do you set the data directory for boolb-qt? I tried adding -datadir=d:\WhereIWantItToGo\data but it just immediately crashes.
Also tried running qt-boolb.exe --help from cmd, and it also immediately crashes.
Hi jwinterm! It's not crushed, it exit right after start, because you passed wrong command line parameter, since this is not console but GUI application, it can't write messages in console. Anyway, this issue should be handled somehow, in future, i'll add this in todo list. Anyway, here is command line for launching with specified data dir: qt-boolb.exe --data-dir=C:\home\tmp Zoidberg I had actually tried that already: D:\boolberry\qt-boolb.exe --datadir=d:\boolberry\data It still closes instantly. Also, when you run any bitcoin clone from the command line with --help flag, it will open with a set of all startup options, so yea, there must be someway to handle it. |
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POS is the evolution of POW. POS efficiently mines a coin with minimal electricity waste while POW is simply massively wasteful and this is an evolutionary detriment to the survival of all POW coins.
The problem with PoS coins is that nobody mints/forges, or at least not enough. Everyone keeps their coins on an exchange, waiting for the next pump to dump on, in which case the coin staking weight is low and an attacker needs far less than 51% of coins to attack the network. Either that or the exchange keeps the coins in a hot wallet because they are greedily staking themselves, trying to get free money since everyone keeps their coins at an exchange and you end with a situation like vericoin/mintpal. Even when 5% total NXT were stolen from bter, there was talk that the thief could attack the network, probably because less than 10% of total coins were forging, which goes back to the problem of everyone keeping their coins on an exchange so they don't miss the next pump. All of this is moot for PoW coins since stealing coins or not keeping your wallet open doesn't really affect the security of the network. |
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