http://galaxies.mygamesonline.org/digitalisassets.html

http://galaxies.mygamesonline.org/latestrates.inc

-MarkM-

At https://github.com/nicksasa/Liquidcoin

It says

-Fixed difficulty (0.05) -Block reward reduces 4% every 1000 blocks, it does not increase ever. Minimum block reward is 1LQC

-MarkM-

I would like to find out who runs the two nodes that I connected to when I fired it up. Maybe they belong to the original lanuncher of the coin. Whoever they belong to if they just have those nodes running on auto month after month maybe almost forgotten about it would be a pity to orphan them by making a hard fork that they don't even realise is going on until their yearly review of background processes or something.

-MarkM-

http://bter.com/trade/btb_btc shows that BTC is more expensive than BTB.

-MarkM-

There is no need it seems, there are not enough people mining it for blocks to come super fast right now anyway so looks like it can just plod along as a slow-blocks coin for who knows how many more months or years before it will need any "fixing".

-MarkM-

What did you expect? Did you think Maria was banned for no reason?

-MarkM-

Okay so maybe SilverCoin with Reward=25*log10(difficulty), and SilverBar with Reward=Log10(difficulty) ?

I think you need log, because difficulty doubles a lot, doubling the rwards when difficulty doubles is way too huge, log seems much more reasonable.

Remember its not just same miner upgrading to increase his income so he can upgrade more, its also more and more wannabe-miners entering the mining field. Log should help prevent basically just "quantitatively easing" the world into a welfare state where everyone mines, everyone gets shitloads of coins, and it takes a wheelbarrow full of coins to buy a loaf of brea....oh sorry, that was yesterday, today bread costs more than that...

-MarkM-

Maybe LFNET IRC is acting flaky again, someone got on though as they are downloading the blockchain from the dvcstable02.devcoin.org server right now.

I guess normal difficulty adjustment algos are based on trying to hit a time-between-blocks target.

We already have GeistGeld showing us that 15 second blocks are so fast that most people cannot afford enough RAM to run it, so I think slower would be better for people who don't have extra-large servers to run all their coins on. GeistGeld likes to eat at least 4 gigs of RAM. (I0Coin does too, and how many people spare the RAM to run that one nowadays? Heck how many bother to run GeistGeld?)

-MarkM-

In b4 BBQ Lighter is to BBQ as Feathercoin is to Litecoin!

No but seriously, it is all very well to flame Liquidcoin for demonstrating the utter stupidity of super-low-difficulty blocks but as we have seen lately super-low-difficulty blocks, with their awesome power to generate almost nothing but orphans, are super-popular.

So maybe Liquidcoin was on to something? Why all the imitators if it was not a coin well worth imitating?

The great innovation of Liquidcoin was to demonstrate the utter fail that so many recent launches have emulated: a difficulty so low that almost all blocks are almost instantly orphaned.

As we have seen, that utter fail is exactly what the customers want, it is the ultimate in fashionable paradox: utter fail is the path to success!

Accordingly, let us put lighter fluid aside for a moment and consider lighter liquid! Fluid is confusing anyway since not all fluids are liquids.

The question we should be asking is would liquidcoin be more successful if its spewing of orphans eventually slowed down?

Recent launches that emulated Liquidcoin's orphan-spewing strategy lacked one key feature of Liquidcoin's approach: they eventually stopped spewing as many orphans, due to their difficulty not being permanently fixed at one value forever.

Might Liquidcoin regain its former popularity if its difficulty eventually became adaptive?

This is a question that can be answered empirically! All that is required is a slight change to Liquidcoin's difficulty adjustment algorithm, changing it from never adjusting to actually adjusting in some way.

I fired up Liquidcoind just now and discovered that, lo and behold, Liquidcoin is still out there... I got two connections right away.

So this is not a dead coin we are talking about here, it is, like BBQcoin itself, an ancient long term survivor, a coin, in fact, that wise CPU miners carefully limiting their hashing power might not even have been experiencing many orphans with at all! Another CPU-miner haven that has been giving CPU miners a chance to mine coins to their hearts' content all these years while the GPU miners blew huge amounts of electricity wielding huge farms full of multi-GPU rigs to divvy up into ever smaller portions some pie that cannot really have been much larger, really, due to the "infinite" divisibility of coins in general, than the quiet backwater pool that Liquidcoin has become.

....................

Arg someone just brought up Liquidcoin, darn, I had hoped to rake in coins all night before posting this.

The TL;DR I was aiming at here is hey lets fix Liquidcoin's difficulty. Let it adjust, as we pretty much do know now that fixing the difficulty is a broken concept that just spams everyone with orphans.

-MarkM-

I was saving my post new thread tab for later but I might just have to go ahead and post it now, hmmm...

Liquidcoin is fixed difficulty, it proved this whole orphan thing, its main contribution was to show us this orphan problem we have seen in all the launches lately.

Basically what limits it as more hashing joins is the orphan rate increasing, more miners means more orphans.

I will go review my post I have been waiting to post now, its a new thread, about Liquidcoin.

I was delaying posting it because I wanted to rake in the coins while there are hardly any miners...

(Yes, it is still alive out there, as I learned last night when I fired it up. I got connections instantly.)

-MarkM-

Just yesterday or so I was reading in some thread here someone aying maybe the increase should be logaithmic, Reward=log10(difficulty) kind of thing.

-MarkM-

Good, update the damn code! Duh!

-MarkM-

You don't need to work for free, you can buy up massive amounts of coin before hyping it, or even just quietly mine it for months with a CPU picking up lots of coins due to the fact everyone else mining the really low difficulty coins is also only using CPUs, then cash in big time like with BBQcoin.

Were you one of the CPU miners who mined BBQcoin the last year or so before it was brought back into popularity? If so you should have been paid handsomely simply by having had the foresight, or even just the knowledge of which coin your team was going to bring back into the limelight, to pick up lots of the coin before hyping it.

So its a self-paying profession if you actually do know what you are doing or maybe more accurately, about to do.

-MarkM-

Thats just what the people mining them want you to think. All kinds of interesting concepts for features to include when the relaunch happens have been discussed in #Tenebrix on Freenode IRC, for example. Lolcust has pretty much always planned to relaunch it, and it has pretty much always been humming along racking up coins for all the CPU miners that wander around out there picking up coins from all the chains that get easy enough for their CPU to get a nice pieslice of.

BBQcoin is just one of many "dead" coins, why would the people who mine the things all those months/years bring only BBQcoin back into the limelight?

Haven't you noticed all the noise lately about everyone having a fair chance to get in on the early adopter phase of a coin, the time when with just a CPU they can rack up coins? That is exactly what the "dead" coins are: coins for CPU miners to enjoy that early adopter phase. Eventually though that phase does end, and the people who had the patience to mine through the long out of the limelight CPU mining phase get to cash in. Meanwhile anyone is welcome to come and enjoy some CPU mining.

-MarkM-

I thought that had already been done?

It has certainly already been said plenty of times.

Is it maybe that it is part of decrits or that other coin that is still on the drawing boards being discussed for ages? (Netcoin?)

Hmm I cannot recall any coin having actually done it yet that has been released so I guess it was just empty vapour ideas or was part of one or both of those big plans.

-MarkM-

The time to get in on them will be after all the pundits pretend it is dead, the difficulty drops down to where CPUs can mine it very nicely, and you can rake in the coins for a year or more just like happened with BBQcoin and is still happening with various other coins.

These newbie coins just add more onto the end of the list of coins to eventually get around to when last year's bunch are back on exchanges paying off handsomely like BBQcoin currently is.

-MarkM-

In Fedora the old BDB is some different name, like db4 or something.

-MarkM-

No wait, WTF dir is that really? The src dir in the repo? A qt subdir of the src dir in the repo?

Or is ~/yacoin not the repo and the src/qt is where you put the repo?

Doesn't the repo have in its top dir the file that guy said to edit? Mine does.

-MarkM-

Hey do you have any CPU cores?

How about pointing one at one of the low difficulty coins for a few weeks or months to build up a huge warchest of coins, then demonstrate your awesome marketing abilities by bringing the chain back to the forefront of attention and popularity?

You could do that over and over, making a fortune each time!

Heck if you have more than one core you can mine a bunch of them at once, so that you will have many more of each one relaunched by the time you relaunch it than you had of the previous one!

Someone mentioned BBQcoin having shown resilience by surviving being attacked by Greedi, but hey, CoiLedCoin survibed Luke-Jr! Isn't that actually more of a feat?

Also, as it is merged-mined, you get double benefit or more, since you can pick up dirt cheap all the merged mined coins that miners are currently throwing away at firesale prices, then when you are done making CoiLedCoin the new big thing you can point out that this shows merged mined coins have good potential, and be on the way to cashing in big on all the other merged mined coins...

-MarkM-

What for "start a fund" ? Isn't the huge pile of BBQcoins mined with CPUs over the last year or more and now trading on exchanges sufficient warchest?

What do you think the CPUs that were mining BBQcoin all that time are up to now?

The fact that BBQcoin is now too difficult for CPUs just means the CPUs that had been mining it have been freed up to mine all the other chains whose difficulty is low enough to still yield lots of coins a day to CPUs.

It is also easy to find the chains that the big miners have abandoned - left to the CPU miners - because they are not secret, they are simply being disparaged by the "Old Money" of the crypto world like Bitcoin before them was disparaged by the "Old Money" known as fiat.

Part of the objection to creating yet more new coins is the simple fact that the community has not been able to keep all the existing coins up to date so creating more coins just increases the burden, more chains to maintain, more clients to port each bugfix or improvement to and so on.

Of course there is also the factor that the longer it takes before a "sleeper" aka "under the radar" coin becomes fashionable the more coins the CPUs mining them will have hoarded by the time they do hit the exchanges...

-MarkM-