GeistGeld is much faster than litecoin, and is not tailored for botnets the way the scrypt coins are. It can be merged-mined alongside bitcoin so if a fast confirmations coin is needed, GeistGeld fits nicely.

-MarkM-

There are so many already created that you don't need to create them anymore, you can just pick a few that have ridiculously low difficulty and quietly mine them, some of them even CPUs work fine for still. (For example GeistGeld, you can merged mine it alongside bitcoin, not that your CPU will get you much bitcoin, but you can pick up GeistGeld day in and day out with a CPU until larger miners finally remember it exists and add it to their merge.

(Eventually even ASICs will be only borderline profitable, so eventually the extra few percent you can make by merged mining more chains will start to be noticed...)

-MarkM-

Trying to send 100,000 in one transaction failed, so I broke it up into portions:

sendtoaddress bLfCqV4DgEfjwHfW9jCCi94SUMRRK2u7pD 100000
error: {"code":-4,"message":"Error: Transaction creation failed  "}

sendtoaddress bLfCqV4DgEfjwHfW9jCCi94SUMRRK2u7pD 50000
error: {"code":-4,"message":"Error: Transaction creation failed  "}

sendtoaddress bLfCqV4DgEfjwHfW9jCCi94SUMRRK2u7pD 20000
436faa896214d49d31f52cc8e16cfa2f823c747cbfed3f583e900abd960537f2

sendtoaddress bLfCqV4DgEfjwHfW9jCCi94SUMRRK2u7pD 20000
9215f9ac4f0a72b57dca0683b3d5c95444de4b0d73adda1a6cd5ce463a944b82

sendtoaddress bLfCqV4DgEfjwHfW9jCCi94SUMRRK2u7pD 20000
403373d7eafbebafd01fda96504814988818e47d5289dfb1fe4c2f3106380aea

sendtoaddress bLfCqV4DgEfjwHfW9jCCi94SUMRRK2u7pD 20000
942acac820208b15ce5040da4bca9ac1c11c711cd5b1a82e99be98bf88117983


Yes, I saw those a couple of sends ago. My system seems to take 10 minutes or maybe even 15 to process each send, on last one now... Been putting to post for long time now.

sendtoaddress bLfCqV4DgEfjwHfW9jCCi94SUMRRK2u7pD 20000
e1a8c582c67b583e8e5e0e92d946a7c485cb3e5e97f79d62d178003b5b6b5bee

All done!

-MarkM-

Okay. 1J39gkVcUSVJehw9ej1fzPBdqveLyoKBiE

I am firing up BBQcoin now, could take hours to rescan wallet and catch up with the blockchain...

-MarkM-

It was 40,000 for 1 BTC :

https://bitcointalk.org/index.php?topic=93437.msg1647552#msg1647552

-MarkM-

It is taking a long time for me to post as my system is trying to fire up GeistGeld which is making it lag like crazy, even freezing keyboard input and mouse moves from time to time or missing keystrokes.

So could take quite a while to get BBQcoin fired up.

It is not in my Open Transactions server, however someone just recently did purchase a bunch of them, that collector thread was much much longer ago.

I think you are right that once you adjust for increased price of bitcoins what they paid does come out closer to half a bitcoin per 100,000 than to a whole bitcoin per 100,000 but 100,000 is a big lump to part with at once, kind of makes a big dent in one's rainy day / when they take off hoard.

-MarkM-

Oops looks like both of us changed our posts

It was only very briefly 51%'d, attacker only kept it up a few days, after that things swam along just fine month after month after month.

-MarkM-

Oops I was looking at wrong record earlier when I thought that sounded much cheaper than the last purchase someone made in this forum.

100,000 for one bitcoin is actually very reasonable, I can do that.

-MarkM-

The more alts succeed the more Ripple will succeed, as a convenient way to exchange among them all...

-MarkM-

Did you find a way to set your account to require destination tags?

Inability to do that prevented me from even trying the sample gateway code they provided.

I was also told the code was not reliable, should not be used for real. For example it would not be robust in the event of a power outage.

-MarkM-

Wouldn't the total balance no longer be zero?

Unless they also faked origins for the newly appeared assets?

(That is, issuing accounts with negative balances equal in absolute value to the total positive balances of that asset?)

-MarkM-

Problem areas are things like the money-changer non-player-character in a MUD, who exchanges gold pieces and platinum pieces and copper pieces and whatever, basically all the different regions of the MUD are able to have currencies of their own and this NPC lets you turn in the money you got in some other region for whatever they happen to use in the region the moneychanger is in.

Blockchain technology lets currencies no longer have to be stuck in just one region or even just one MUD, so any MUD anywhere could accept and change any blockchain-based tokens.

-MarkM-

Merged mining doesn't really take a heck of a lot of resources and so far there aren't even really enough merged mined coin types to even start to really see what the limit would be of how many chains can practically be mined at once. Though a few chains have shown that being massive resource-hogs compared to others can make some chains less attractive than others.

A lot of the problem too is lack of consumer ASIC devices, a whole lot of chains have basically been waiting waiting waiting for a day to come when they can secure themselves, but ASIC being supposedly just around the corner kind of stifled the urge to build more GPU rigs to support one's coins of choice.

Hopefully once ASICs are common and easy to use the people will be able to get around the monolithic pools that marginalise the merged mined chains.

-MarkM-

So not a lot of experience with brown, then?



-MarkM-

Maybe some people are figuring that just because Gox won't pay them what their coins are worth at this point in time doesn't mean they aren't really worth $10,000+ per coin!

(Like mine! Mine are worth at least $10,000 each hence my lack of desire to sell/spend them currently!)

-MarkM-

No one is ever going to visit any websites whose top level domain is not provided by default by their browser when they enter a real word keyword, all this geeky crap like .com and so on just confuses them, the web will never catch on until top level domains are gotten rid of...

-MarkM-

The question of notary servers was brought up on the #opentransactions channel.

An Open Transactions server is a notary server that notarises documents as a kind of witness, so for example Alice provides a message saying she is giving something to Bob, and the server signs it; Bob provides a message saying he is accepting that thing from Alice, and the server signs it.

Thus Alice and Bob are exchanging notes and the server is presumably acting somewhat like a notary public, notarising that it did in fact see those messages that Alice and Bob exchanged.

Presumably these guidelines are not about people who act as notaries? Or does notarising financial information make these guidelines somehow get involved?

-MarkM-

Unfortunately the gateway code provided is apparently unfit for real use, in addition to there being no server source code. So real use is probably going to have to wait for real gateway code to come out and of course the server code to be released.

-MarkM-

Problem is still no source code even for real working gateways let alone the server.

(Apparently the example gateway code is actually broken, unfit for real use.)

-MarkM-

Thats great, hopefully the documentation devs will compare those to the Satoshi node and document what it is that they all do in common.

-MarkM-