Total net stake is about 1m. Blocks per day is 1440. Each block reward is 1 CLAM. So with 694 CLAMs you will stake one CLAM per day on average (of course this is just an average; each day you may get multiples or zero). With half that, you'll average every other day, etc.

Some of us are totally uninterested in altcoin pumps. I agree that if you want to make money here short term, that's probably all there is. You can do an ICO and built applications somewhere outside, while ignoring what the speculative market does, sure, but 99% of your target market for the ICO is still probably going to be interested in altcoin pumps, so you are somewhat delusional if you don't recognize that's still the market you are in (i.e. that's still all there is).


I don't really know what getgems is doing but it seems to be based on a rich messaging app. Bitcrystals is trying to be backing for in-game assets for a mobile card game. Apparently the developer building the app is behind the most popular mobile game in Japan or something. There are probable some others I don't know what they are doing (we previously discussed how that might be the case for some of the China ones). So I do think there things going on besides this forum and reddit.


Probably what will happen is that a small number of survivors will each have their own communities and there won't be an altcoin community at all, hence no venue for scams. But that could be completely wrong, I'm just speculating.

One post deleted which contained no on-topic content. Here is the entirety of the post for disclosure.

I'll admit I didn't expect this Rf6 move so that plan may have to take a back seat to protecting the queen. Still considering options.

1. UTXO means unspent transaction output. When you receive "coins" on Bitcoin you don't actually received coins, you receive one or more "outputs" each of which has a coin value.

2. With payment channel based methods each individual micropayment does not go on the blockchain. You might get one payment on the blockchain at the end of the month for the net of your payments in and out during the month. But the cryptography and smart contracts being used makes that secure during the time period when it isn't on the blockchain yet.

3. AEON is largely off topic here but yes on the AEON roadmap there is an item to experiment with payment channels.

EDIT: UXTO -> UTXO, thanks binaryFate for pointing out the typo.

We know how to instant microtransactions well in Bitcoin, without half assed insecure gimmicks. It's called payment channels and is already implemented in the streamium. It is also being generalized into the Lightning network, where people can route instant payments to one another without having a point-to-point channel between them set up first.

The same techniques can be used in any coin that is UXTO based. In due time something like that will come to Monero too.

"Instant payments" are just the latest of the many altcoin fads that have come (and gone) through the scene. Take note of it but don't overreact.

It may be true that no one knows but what we do know is that everything happening so quickly gives enormous structural advantage to those who had highly topical inside information.

As you say, we can't really see the outcome, but we can see the structure, so that's the only way to judge. The salient question is not was it cheated in a massive way, but rather, could it have been cheated in a massive way and in the case of Dash the answer is a resounding yes.

There is always inside information of at various times of course, but slowing things down to happen over months, years, or decades means the effect of being in the right place at the right time, either accidentally or more importantly by design, is vastly reduced.

People keep making the correct point that absolute speed of distribution matters, but Dash supporters just don't want to get it. Take Litecoin for example. It had a small instamine because of the fixed-interval difficulty adjustment algorithm that was ubiquitous at the time. but since Litecoin distributes its supply relatively slowly, over years to decades, not hours or days, the effect of that was negligible.

It doesn't even matter (much) whether LTC's instamine was rigged intentionally and grabbed by insiders or an accident and split among many lucky miners, because the relative amount is small, and that is an objective structural fact. As with Dash, distributional outcomes and intentions are not fully knowable, but the resilience and soundness (in the case of Litecoin) or the fragility and unsoundness (in the case of Dash) of the structures are fully knowable and fully known.


That is true for most people. But someone who knew that it had actual development plans would have a far, far better chance to conclude this than people operating in the dark (no pun intended). The only people with this enormous advantage were Evan and people working with Evan.

Smart phone UI is mostly "touch", perhaps "press" (that may become even more common now that pressure-sensitive UI is a thing). Calling it clicking is just left from desktop, so for that to make sense you are first of all in a race against time and second of all will never make sense to the youngest generation that is growing up with phones and tablets first, computers second.

But as you say there is another meaning, one that carries a distinctly positive vibe, and maybe that one is even more important (or neither if it becomes popular enough where clickz are just clickz -- doesn't mean anything).

The vertical market back door approach to building a network effect with a currency is interesting. There seem to be others doing it like getgems, bitcrystals, etc. It will  be interesting to see if those work out. Best of luck with it.


It is a mistake to believe that Bitcoin (or cryptocurrency) is confined to this forum and reddit. I can't really comment on other coins but for Bitcoin I will tell you that most people you meet who are involved with Bitcoin now are neither regulars on this forum nor reddit. The forums are very much a subset of the wider community. A surprising number told me that the trolling, scams, and other noise drove them away. Those who remain are self-selected to have a high tolerance for it.

That is a very high risk yes. Newbie account. Be careful kids.

No I didn't. I think their technology is very interesting.

You're confusing push back against absurd hype like "wealth gains never seen in the history of mankind" (paraphasing) with missing the point of their technology. Not the same thing at all, in fact not even related. Go back and look at what I actually replied to instead of imagining it to be something it wasn't.

Overall CfB seems very reasonable and intelligent on that thread, and whoever is running that iotatoken nick comes off like a hype-spewing retard.


What the hell is the point of that? Tit for tat? Criticize me any time you like (especially if deserved).

Clickz, BTW, is an okay name. It is tied to web browsing and such, which might be fine, though perhaps a bit of a misnomer if the market expands broader and/or the desktop web itself becomes more of a niche. That may not matter if you have established it as a well known brand by that time, since eventually any brand just has its own meaning independent of the word. When people see Microsoft Windows they don't even consider the glass pane type of window any more. Originally, thought, the association was somewhat helpful (arguably).

LOL no.

Relative yes. Comparable to any meaningful extent, no.

Total mined in the first 24 hours of Bitmonero 27,300.456199349552
Total mined in the second 24 hours of Bitmonero 27,206.695525935472
Total mined now per 24 hours (approx): 11,854.01642329008

Total mined in first 24 hours of Dash (approx): 1,500,000
Total mined in second 24 hours of Dash (approx): 500,000
Total mined now per 24 hours (approx): 1,440

The Dash instamine stands alone among coins of any note today. Only the worst of instamined scam shitcoins is even a close. Not a "relative" comparison to be proud of by any means.

Is that supposed to be insightful or merely loud? Do you think people normally have conversions about dead coins where the thread is inactive and you get warning from the forum software about necrobumping it? Obviously people only discuss coins that are successful enough to remain active at least, not those that went nowhere. You're seem a bit unhinged.


I think you ought to read my post more carefully. I corrected a few errors about various things but there is nothing in there that is sabotaging good will, especially now that Evan has declared the instamine to be a feature.

If you think that goodwill and discussion of the instamine can't coexist, take it up with Evan because that doesn't seem to be his take on it these days.

BTC was never solomined. There are well known people who mined at or near the very beginning who showed up later with a large amount of coins, plus a number of well known people whose coin holdings are less well known but clearly were also mining. Since there were no exchanges and little to no trading, mining would have been the only way to get them. Those are only the well-known ones, too. There were certainly other unkown people mining who were just more private about it ever since. As you said, satoshi is reported to have mined a million coins, but 2.5 million were mined in the first year, so clearly other people were mining too.

LTC was instamined, but as I said only about 1% of the current supply. If you are trying to argue that is in any way similar to a 33% instamine you are either being dishonest or are just very confused. I'm not sure which.


You are incorrect. This bug (described below), increased mining rewards by 5-20x, had nothing to do with LTC, and was indeed put there Evan:





Once Evan fixed the bug at block 4500, the reward immediately dropped from 500 to 25.

That was entirely new code (LTC didn't and doesn't have a variable block reward based on difficulty), written by Evan, with the bug put there by Evan.

The 5-20x block rewards due to Evan's bug accounts for 80-90% of the instamine, not the LTC difficulty retargeting algorithm (which Evan also messed with; he did not use the LTC code as-is, and which also did not function as advertised and adjusted -- surprise, surprise! -- more slowly). See below.

With correct block rewards and the LTC algorithm, you would have had a much smaller instamine, more like LTC. With the adjustments functioning as advertised, there would have been even less of an instamine (i.e. virtually none at all). That's not what happened.

Great stuff. I would suggest keeping track of your posts and maybe writing them up into one or more "code walkthroughs" that can go into the knowledge base on the web site (anyone can add to the web site using github).

That is fair. I wasn't aware of the context of many other coins using it without giving credit. Thanks for the background.

25K AEON for sale here: https://bitcointalk.org/index.php?topic=1197508.msg12786157#msg12786157

Will be sold soon, so if you want it let me know ASAP.

EDIT: Sold

If you want to risk losing your coins forever if they demand validation and you can't validate your fake info, sure.

Polo allows $2000/day with just name and country BUT in their fine print they reserve the right to require more information at any time with no notice and can hold your coins hostage if you don't provide it.


Polo limit is $0 if you don't at least give name and country.

For sale 25K AEON (I have the coins but I'm not the one selling) Has to be above market (currently 3500 sat), but not necessarily a lot. Bid here or PM.

EDIT: sold