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Huh, I'm not sure I am recieving payouts
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Something is wrong with the pool Hydro.
This nyclogan is finding all the blocks.
I stopped mining there.
What does it matter who's finding blocks?? I'm still recieving payouts |
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Hahaha a real funny one -- I loved the movie  There's only one Kruger  Who agrees with me! Kills you in your sleep, and has a fucking blast doing it. Only one more scary, Jason. He don't fuck around. |
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1 block 20 coin but the price just same Royalcoin. :| really bad
It's been on an exchange for less than a week, relax. Also, RYC has a 100 coin block reward, yes, but, it also has a 3 minute block time, where MST has a 35 second block time. so, in 180 seconds, 100 RYC are made. In 180 seconds, 102 MST are made. Looks pretty even to me. Please know what the hell you are talking about, before posting, its not that difficult. |
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Client upgrade. Added checkpoints. Please upgrade to V1.0.2 ASAP
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Diff is low, hop on in one of the pools, and mine a bit
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'I want to link my Bitcointalk name with BTCJam's. Verification code: b9ddc538-c2ce-408b-9c8d-8faac4c9f2e9'
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"Fair launch" is what we call a 2.2 million coin premine these days?!
its 1% of the total coins. its an issue with the block rewards of only 49 coins, so i will be fixing them in the client update. for now though, its not an issue. Wait, shit, I didn't even realize the premine was "broken"! That's not my issue with it! The issue is that it exists, and the launch was called "fair"! It's good to see comedy is still alive without Vlad. are you done yet AgentVagina? premines are fine as long as they are fair. 1% is fair and most of it is allocated appropriately. there will be 3 more giveaways to rid my wallet of the excess premine. 1 here, 1 at cryptocointalk.org and 1 at altcointalk.co.uk the launch was fair, as in all blocks were 0 up to a point to prevent instamine. while i personally don't agree with most of the specs of the coin or how it was orchestrated, there's a stable base here. if you have anymore issues, feel free to post them in this thread. I'm open to suggestions but when you're just screaming FUD and "premine derp derp derp" i'm not gonna listen to you. Lol, Super Agent Vag |
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Fair, as in the first 250 blocks had 0 reward. No one was instamining this baby. Took almost a day for the first reward to be paid out.
Um, no, not with a 70 second block time, it didn't. Assuming it took the full 70 seconds to find a block, it would have hit block 250, after ~ 4 hours |
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By your logic a 51% attack is impossible on Bitcoin. The current blockchain has a sequence of blocks with a unique set of block hashes. The attacker's chain will have a different set of block hashes .... magically "the network" will detect this and stay on the "correct" chain.
Why doesn't it work that way? It hardly seems like something that "Magic" would be required, to make it happen....Say the client has 20 connections, than number 21 comes on, with their counterfeit blockchain. Why can't the client use the other 20 clients, to recognize that number 21 is on a false block chain, and reject it? |
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As long as the coins are legitimately used for giveaways, bounties, and the like to get a coin going, I see no problem in a reasonable premine. I don't expect a dev to spend his free time designing, programming, and promoting their coin and on top of it sink his own BTC into it to promote it. Honestly, I don't even mind a dev premining and holding a reasonable amount of coins (what a reasonable amount is is up for debate though, and yes, I screwed up the math, it is a .16% premine) for himself if that means he is going to invest his time and energy into making the coin successful. Face it, if a dev stands to gain from the creation of his coin, we will get better and more innovative coins. This is simple free-market capitalism at play, same reason phizer invests billions into new and better pharmaceuticals, same reason GM invests billions into creating safer and more efficient cars, they sure as shit aren't doing it out of the kindness of their hearts. So why should a coin dev be looked at any differently? If we as a community decide a dev isn't allowed to profit off his creation, we will continue to be stuck with shitty copy-paste scrypt coins.
I don't understand the arrogance of some in the crypto community. "why can't we have a real innovative coin that I get to profit off of, but fuck the dev who spent his time and energy on it, if he profits a cent I will scream scam-coin, oh and I also expect him to sink his own BTC into it to promote it because pre-mine = scam coin" Meanwhile the miners sit back and bitch and mine and dump and cash out.
The whole point of bitcoin is an opensource money. This coin is literally a scrypt clone anyway so I have no idea why you're defending it. This coin takes no time to make and there are better ways to earn off of it than blatantly giving yourself a bajillion coins. there was this guy named satoshi nakamoto who made something really innovative and for a while, he was one of only a few people mining. For almost a year and a half his coins were practically worthless, but the incentive to change currency as a whole by improving bitcoin was enough to get bitcoins value and noticeabilitly up, inadvertently making him rich. Saying GIL isn't a pump and dump and a way to just make money contradicts the fact it was made to make the dev money as a business endeavor. The fact he gave himself 300,000 coins makes this exceedingly obvious, especially when he picks and chooses who he gives his "bounty" coins to. To be honest, even if there wasn't a premine, it's worthless because there's no reason to choose this over any other coin. This is a scam, plain and simple. BTC was premined to fuck, so, I guess BTC is a scam coin too. I don't pick and choose. I go into Cryptsy, I shout, first GILL address, gets free GIL!!! and I send it to them. I created this coin. It took a lot of work. I paid, out of my pocket, for a VPS to have a fast, dedicated node. I paid, out of my own pocket, to have the windows client compiled for me, because I couldn't get it to compile. I paid a bounty of 20K, to have a pool setup, within hours of release. The pool was up and ready, before the block reward had increased to 1. Most coins release, and after a couple hours, you see threads, with people who have thousands of coins to sell. Noone had thousands of GIL. Block reward was 2, until a couple hours ago. GIL is fast, 45 secoond block times, 3 confirmations. Difficulty adjusts both up and down, very quickly. It's very secure. The block reward right now, is random, between 10 and 50. That's a whole lot of randomness, which should help prevent it being attacked. I have a theory here. Lets say, someone wanted to launch a 51% attack, on GIL...So, they create their own offline version of the blockchain. Now, GIL's blockchain, is completely impossible to duplicate, due to the random block rewards. The attacker brings their version of the blockchain online, the network sees it, and, see's that the block rewards for their version, is completely different than what the other 50 clients on the network, are showing. So, in theory, and this is just a theory, mind you, the network rejects their version, and no fork is created.Now, I created GIL, with a specific goal and purpose in mind. I clearly outlined this, and, asked for volunteers, and support from the community, to join my team, and make this happen. So far, I have had interest from 1 person, and the rest of this community, has done but bash it. So, on that note, if you have an issue with the premine, fine, what ever, don't mine it. The other 35 MH/s that is pointed at it, please, continue to mine it, and have fun I don't think you get how your own coin works... So, is my theory wrong? please, elaborate |
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Has it ever been proposed before?
I think this is what Anti-Matter is/was trying to do |
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As long as the coins are legitimately used for giveaways, bounties, and the like to get a coin going, I see no problem in a reasonable premine. I don't expect a dev to spend his free time designing, programming, and promoting their coin and on top of it sink his own BTC into it to promote it. Honestly, I don't even mind a dev premining and holding a reasonable amount of coins (what a reasonable amount is is up for debate though, and yes, I screwed up the math, it is a .16% premine) for himself if that means he is going to invest his time and energy into making the coin successful. Face it, if a dev stands to gain from the creation of his coin, we will get better and more innovative coins. This is simple free-market capitalism at play, same reason phizer invests billions into new and better pharmaceuticals, same reason GM invests billions into creating safer and more efficient cars, they sure as shit aren't doing it out of the kindness of their hearts. So why should a coin dev be looked at any differently? If we as a community decide a dev isn't allowed to profit off his creation, we will continue to be stuck with shitty copy-paste scrypt coins.
I don't understand the arrogance of some in the crypto community. "why can't we have a real innovative coin that I get to profit off of, but fuck the dev who spent his time and energy on it, if he profits a cent I will scream scam-coin, oh and I also expect him to sink his own BTC into it to promote it because pre-mine = scam coin" Meanwhile the miners sit back and bitch and mine and dump and cash out.
The whole point of bitcoin is an opensource money. This coin is literally a scrypt clone anyway so I have no idea why you're defending it. This coin takes no time to make and there are better ways to earn off of it than blatantly giving yourself a bajillion coins. there was this guy named satoshi nakamoto who made something really innovative and for a while, he was one of only a few people mining. For almost a year and a half his coins were practically worthless, but the incentive to change currency as a whole by improving bitcoin was enough to get bitcoins value and noticeabilitly up, inadvertently making him rich. Saying GIL isn't a pump and dump and a way to just make money contradicts the fact it was made to make the dev money as a business endeavor. The fact he gave himself 300,000 coins makes this exceedingly obvious, especially when he picks and chooses who he gives his "bounty" coins to. To be honest, even if there wasn't a premine, it's worthless because there's no reason to choose this over any other coin. This is a scam, plain and simple. BTC was premined to fuck, so, I guess BTC is a scam coin too. I don't pick and choose. I go into Cryptsy, I shout, first GILL address, gets free GIL!!! and I send it to them. I created this coin. It took a lot of work. I paid, out of my pocket, for a VPS to have a fast, dedicated node. I paid, out of my own pocket, to have the windows client compiled for me, because I couldn't get it to compile. I paid a bounty of 20K, to have a pool setup, within hours of release. The pool was up and ready, before the block reward had increased to 1. Most coins release, and after a couple hours, you see threads, with people who have thousands of coins to sell. Noone had thousands of GIL. Block reward was 2, until a couple hours ago. GIL is fast, 45 secoond block times, 3 confirmations. Difficulty adjusts both up and down, very quickly. It's very secure. The block reward right now, is random, between 10 and 50. That's a whole lot of randomness, which should help prevent it being attacked. I have a theory here. Lets say, someone wanted to launch a 51% attack, on GIL...So, they create their own offline version of the blockchain. Now, GIL's blockchain, is completely impossible to duplicate, due to the random block rewards. The attacker brings their version of the blockchain online, the network sees it, and, see's that the block rewards for their version, is completely different than what the other 50 clients on the network, are showing. So, in theory, and this is just a theory, mind you, the network rejects their version, and no fork is created. Now, I created GIL, with a specific goal and purpose in mind. I clearly outlined this, and, asked for volunteers, and support from the community, to join my team, and make this happen. So far, I have had interest from 1 person, and the rest of this community, has done but bash it. So, on that note, if you have an issue with the premine, fine, what ever, don't mine it. The other 35 MH/s that is pointed at it, please, continue to mine it, and have fun So how much of this GIL premine can go to have it supported on a casino  Sent you a pm |
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As long as the coins are legitimately used for giveaways, bounties, and the like to get a coin going, I see no problem in a reasonable premine. I don't expect a dev to spend his free time designing, programming, and promoting their coin and on top of it sink his own BTC into it to promote it. Honestly, I don't even mind a dev premining and holding a reasonable amount of coins (what a reasonable amount is is up for debate though, and yes, I screwed up the math, it is a .16% premine) for himself if that means he is going to invest his time and energy into making the coin successful. Face it, if a dev stands to gain from the creation of his coin, we will get better and more innovative coins. This is simple free-market capitalism at play, same reason phizer invests billions into new and better pharmaceuticals, same reason GM invests billions into creating safer and more efficient cars, they sure as shit aren't doing it out of the kindness of their hearts. So why should a coin dev be looked at any differently? If we as a community decide a dev isn't allowed to profit off his creation, we will continue to be stuck with shitty copy-paste scrypt coins.
I don't understand the arrogance of some in the crypto community. "why can't we have a real innovative coin that I get to profit off of, but fuck the dev who spent his time and energy on it, if he profits a cent I will scream scam-coin, oh and I also expect him to sink his own BTC into it to promote it because pre-mine = scam coin" Meanwhile the miners sit back and bitch and mine and dump and cash out.
The whole point of bitcoin is an opensource money. This coin is literally a scrypt clone anyway so I have no idea why you're defending it. This coin takes no time to make and there are better ways to earn off of it than blatantly giving yourself a bajillion coins. there was this guy named satoshi nakamoto who made something really innovative and for a while, he was one of only a few people mining. For almost a year and a half his coins were practically worthless, but the incentive to change currency as a whole by improving bitcoin was enough to get bitcoins value and noticeabilitly up, inadvertently making him rich. Saying GIL isn't a pump and dump and a way to just make money contradicts the fact it was made to make the dev money as a business endeavor. The fact he gave himself 300,000 coins makes this exceedingly obvious, especially when he picks and chooses who he gives his "bounty" coins to. To be honest, even if there wasn't a premine, it's worthless because there's no reason to choose this over any other coin. This is a scam, plain and simple. BTC was premined to fuck, so, I guess BTC is a scam coin too. I don't pick and choose. I go into Cryptsy, I shout, first GILL address, gets free GIL!!! and I send it to them. I created this coin. It took a lot of work. I paid, out of my pocket, for a VPS to have a fast, dedicated node. I paid, out of my own pocket, to have the windows client compiled for me, because I couldn't get it to compile. I paid a bounty of 20K, to have a pool setup, within hours of release. The pool was up and ready, before the block reward had increased to 1. Most coins release, and after a couple hours, you see threads, with people who have thousands of coins to sell. Noone had thousands of GIL. Block reward was 2, until a couple hours ago. GIL is fast, 45 secoond block times, 3 confirmations. Difficulty adjusts both up and down, very quickly. It's very secure. The block reward right now, is random, between 10 and 50. That's a whole lot of randomness, which should help prevent it being attacked. I have a theory here. Lets say, someone wanted to launch a 51% attack, on GIL...So, they create their own offline version of the blockchain. Now, GIL's blockchain, is completely impossible to duplicate, due to the random block rewards. The attacker brings their version of the blockchain online, the network sees it, and, see's that the block rewards for their version, is completely different than what the other 50 clients on the network, are showing. So, in theory, and this is just a theory, mind you, the network rejects their version, and no fork is created. Now, I created GIL, with a specific goal and purpose in mind. I clearly outlined this, and, asked for volunteers, and support from the community, to join my team, and make this happen. So far, I have had interest from 1 person, and the rest of this community, has done but bash it. So, on that note, if you have an issue with the premine, fine, what ever, don't mine it. The other 35 MH/s that is pointed at it, please, continue to mine it, and have fun |
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Or even better, merged mine bitcoins, namecoins, devcoins, groupcoins, coiledcoins, ixcoins, i0coins and geistgeld all at once and trade them all in for gold?
Or even keep the bitcoins to pay the electric bill and trade the others in for gold?
-MarkM-
Same reason everyone is in this forum to begin with? Because BTC is over taken by ASIC's. And we are talking final fantasy fans, who are UN familialiar with Crypto. You don't think buying GIL with GIL would appeal to their nostalgia? |
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In all fairness, he was doing large giveaways on cryptsy yesterday, so from what I am seeing so far that premine is going out to the community. And anyway, the premine is only .0016% of the total coins to be produced. Plus, it took over a day to get to full rewards, so he did what he could to prevent instamining. Say what you want about this coin, but there are far, far worse offenders in the premine/instamine department.
I hate that logic, just cause the holocaust happened doesn't give an excuse to kill people. this isn't original at all. Tell me why it's better than bitcoin. Also, I think you mean 0.16%. do you seriously have any faith in this coin if when it first comes out, one person has all of them? Why have one person give them away at random when mining's purpose is literally to fairly give them out at random? why not make a coin with no premine and pay BTC for bounties? oh that's right, you can't make money that way... I'm sorry, why should this stuff timeout of my own pocket? I don't really care so much about profit, but I'm not really a fan of losing money. I premised a tiny bit, I used it to get a pool up within hours of release. I prevented anyon. From install mining huge amounts, and I have been distributing coins, a lot of them, to people who lack the hardware to mine much themselves. So, what was your problem? Move along |
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Winners or block finding bounties;
theofilos921
tripjammer
digit
Malayko
shaber122
gilgil
AZIZ1977
Please post your wallet addresses, to recieve payment
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Updated with link to a team recruitment thread
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