Ignoring the coin part of Gapcoin and just looking at the gap records, the shift determines the size of the primes examined. Shift 25 is finding gaps in the 5k-6k range, which Gapcoin has done a lot of work in. Shift 512 in the 12k-17k range. Shift 896 18k-24k. Shift 1024 20k-28k. Ranges very approximate.
The higher gap lengths have lower merits, making records easier to find, but take longer to calculate and find. Other shift amounts, especially larger than 25, are more likely to find new records since the threshold is lower. Presumably one doesn't want to do this at the expense of coin return however (there are tools that are much better than Gapcoin at finding records, but they don't have coins).
Maybe these are dumb questions, but I'm sure other people are wondering too 1) Wouldn't higher gap lengths have higher merits? Or is there some feature of gaps that are more isolated that makes them lower merit? Are more isolated gaps more predictable to find? 2) If there are tools much better than the current algorithm, what would be the reason for not converting Gapcoin to use the more efficient algorithm? |
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There are many groundbreaking studies like that. Another story that pops up every few years has to do with old coffins found with deep fingernail scratching on the interior. There is a lot of evidence of life after death if you look. |
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I've been reading through this forums for the past few weeks and all I see is "this coin is dead" or "everything is a shit coin". Is there any alt coin with potential to invest in or is it only bitcoin? I don't mean like a few here and there, I mean over 100 coins.
A few good, high quality coins that will continually rise on substance and outlast the hyped up shitcoins 1Credit https://coinmarketcap.com/currencies/1credit/Blake https://coinmarketcap.com/currencies/blakecoin/Gap https://coinmarketcap.com/currencies/gapcoin/Hunter https://coinmarketcap.com/currencies/huntercoin/Piggy https://coinmarketcap.com/currencies/piggycoin/Soil https://coinmarketcap.com/currencies/soilcoin/All of these coins are very cheap. None of them, with the exception of Piggycoin, has any marketing or promotion. Each has a group of strong supporters who are much more knowledgeable about cryptos than most coin communities. ~~~~ But you should get in the habit of researching every coin you buy. This exact same post could be copied and pasted by somebody pumping a scamcoin... or... I might be pumping a scamcoin mixed in with the coins above. Research before buying. Two of the three posts prior to mine, supposedly by two different people Do a litle bit of research on ADZcoin.
I have been watching this for some time and have been buying
because this coin is going somewhere.There is a lot of work being put in and it is going to rise
very soon.It is at a give away price now.
are pumping the same coin. When people resort to that kind of crooked hype usually the coin will rise for a bit but when it crashes it really crashes. So you can make money but if you don't exit before the last pump ends you end up becoming a troll trying to suck people into a dead coin. A lot of scamcoins are pumped way high now, entirely on hype. |
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The original idea was for a long-term investment - a safe harbor if you will. At the time the coin was started there was a serious problem with wild valuation problems due to mutli-coin mining sites. They would check valuations every 15 minutes or so mine, then dump, whichever coin was most profitable. 1Credit was design to resist that by having a large variation in its difficulty and resulting block times - making it hard to predict for those sites. That part remains working as planned:
Everyone has seen "long blocks" on bitcoin, which likely has hundreds of thousands of miners, if not millions, working against it. Although bitcoin is suppose to have a 10 minute block time, its not unheard of it having "long blocks" that take hours to find.
1Credit, with its much small pool of miners, has a slightly shorter block time (about 8.5 minutes), but by design encourages a both short and long block times. When you look at it over a period of a month or three, it averages out to its design time, but over a period of hours or days swings all over the place, sometimes with a "long block" taking more than a day to find. This makes is horrible as a bitcoin replacement - since confirmations can take a long time, but is not a problem as an "archival" coin, where you may only do a few transactions a month. Its a niche, but seems to have found some backing.
Currencies have a lot of potential functions. If I were to look at the attributes of 1Credit *Very fair non commercial features *No premine *No block halving *Not designed for 'transactions', rather for continuity/stability etc I would suggest using it as a sort of meta currency to connect the values of other currencies. Bitcoin, litecoin etc have a lot of uses. you can buy things directly on some sites. You can convert them to fiat and buy things indirectly, etc. One major use of bitcoin is to connect other currencies. For example if you want to convert Piggycoin to Soilcoin you first look at each in terms of bitcoin. Bitcoin is not great for that, since it is so volatile relative to the practical currencies people use for actual life (i.e., fiat), but at this point fiat is not useful for purchasing altcoins directly, nor for measuring their value reliably. 1Credit seems like it would be a good choice as a sort of 'token' to encourage liquidity across currencies. It is very cheap right now, market cap ~usd $9,000 https://coinmarketcap.com/currencies/1credit/ and wide open for any kind of project a person wanted to start with an unusually high quality coin. The vast majority of coin projects never make it, and maybe building exchanges around something with features other than those of btc/ltc and/or fiat would not work. But it's one idea somebody might use 1credit for. |
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FYI, i'm working on a side project linked somehow to huntercoin [...] So it will still be a turn based game, but centralized (i'll build a server to host game/rules) and turns will be fixed and faster, i think something like 20 seconds as a starting point. [...] Anyway my first (alpha) implementation will probably have these features (i'm not yet sure how much i want already change some core gameplay features right now): - 20 seconds (fixed, no random time block) turns, - same starting map or pickable wiggi alternative - no pending moves, when you make your turn moves, the moves will be applied at the end of the turn (if you move in time of course) - fixed hunters per player (not sure how much, maybe 6, but could change later) - no fees (*1) - ammo/weapon combat system, with cooldowns (*2) - different kind of hunters, with different stats (*3) - collectible items (ammo, armor, temporary buffs, and of course coins) [...] those are just example, need to find a balanced gameplay, but that's the reason of an alpha stage, just play, give feedback, change features/tweak stats and reiterate I've not an ETA yet, I'm new to Unity and i'm learning it and the idea I have isn't easy, but I'm motivated and who know me know that this is enough to be confident  Will keep this forum updated as things goes on if interested. It looks like an important project. To give an idea of the potential, look again at Neucoin, the first main potential competitor of Huntercoin. Even though it is hugely premined, with ico etc Even though the main dev is known for commercial ventures of questionable ethics (e.g. Jango.com) Even though most of its features don't even work ~still~ It got free positive press on a scale few coins have gotten http://techcrunch.com/2015/02/03/neucoin-is-a-new-cryptocurrency-designed-for-microtransactions/https://bitcoinmagazine.com/articles/neucoin-reaches-users-after-launch-of-facebook-game-and-jango-radio-1458231423http://bitcoinist.net/neucoin-destroy-coins-projects/And even now, with most people considering it a scam, it still has a solid market cap of $400,000. Liquidity is not great but a person could sell 6 btc down to 1/3 of the current bid, better than most coins. They received something like us$2 million in initial sponsors. ---- Neucoins biggest appeal was that it let people earn coins by playing an online game (Solitaire Racer) and similar things. I'm sorry to always spam this thread, and I hope Mithril is taking the first positive step in developing Huntercoin as a more serious project, but let me copy something from Neucoin's website http://www.neucoin.org/en/wiki/#freemium-distribution
"In today’s digital economy, offering a free entry-level service is key to easing consumers into a new consumer experience. [...] This has been a critical success factor for growth and conversion for premium consumer services like Dropbox, Skype, Viber, Whatsapp, Spotify, Candy Crush Saga.
NeuCoin’s distribution strategy enables it to fuel its marketing with freemium tokens (giving users a few free NeuCoin to get started). [...]
With NeuCoin, consumers can easily earn NeuCoins by investing their time and attention. It's analogous to Proof-of-Work miners investing computing power - only regular consumers can participate and earn rewards for doing something they enjoy. That's NeuCoin's path to millions of users.
NeuCoin's Radical Idea - Distribution as a Tool for Mass Adoption
NeuCoin's vision is distribution to ALL who create value and utility - to massive numbers of end users, to service providers like exchanges and payment processors, and to content creators that integrate NeuCoin as a means of microtransactions, like game developers, content publishers, musicians, photographers, filmmakers, writers, etc - along with the miners who secure the network.
This distribution approach offers a tremendous competitive advantage over virtual currencies like Bitcoin that are distributed only to miners, which are unable to encourage consumer adoption by giving users small numbers of tokens to easily try out.
How NOT to distribute a virtual currency - for free, in exchange for nothing
Simply handing out free tokens, aka "airdrops," whether to all the citizens in a country or the whole world, or to all Facebook or Twitter accounts, or to all holders of other cryptocurrencies - doesn't work. It just leads to the new recipients selling, exchanging or forgetting their new tokens, which to them are nothing more than funny money. Also, this kind of distribution leads to massive amounts of abuse from fraudsters using software robots or click farms to create multiple accounts and obtain more tokens in order to dump them.
How NOT to distribute a virtual currency - for free, in exchange for nothing
[...]
Investing time and attention doesn't mean a few quick clicks to collect a freebie. Rather, users may spend hours trying to win a game to get 5 cents worth of NeuCoins to spend on power-ups. [...]
This type of earning-by-using won't just prevent fraud, it also rewards people for doing something that they already like doing and gives them an even better experience - with no change in behavior. You wouldn't play the NeuCoin-integrated game just to earn the coins because the pay-outs are too small to be worth your time. But if you like the game anyway, you might play the NeuCoin version of Solitaire or Name-That-Tune instead of another one, so that you can earn some extra NeuCoins. Plus you might challenge your friend to a game, where the winner gets a couple of more coins. Especially if those NeuCoins can be used across multiple games, akin to airline miles.
This also makes it more attractive for service providers to integrate NeuCoin. They can use NeuCoin distribution as an added value and retention tool to reward their users for certain behaviors - spending more time on the site, logging in more often, inviting more players, watching more videos or ads, reading more articles, tweeting about or liking the service provider on Facebook, leaving comments, tipping content creators, etc.
Real engagement, real use, real value. Giving massive numbers of mainstream consumers their first crypto experience, earning and using "freemium" NeuCoins in a way that improves their online experience and makes them want to come back for more. That's how freemium distribution can lead to mass adoption."Granted, the Neucoin spiel is utter marketing bullshit. Advertising schlock with no substance, as the games don't work, the wallets neither etc. But Huntercoin has already been pursuing this distribution model, however poorly, and more importantly has a solid historical connection to the development of this kind of progressive distribution (Namecoin etc). Huntercoin still may become one of the all time major cryptocurrencies. Mithril please look at realities of what people will actually play i.e., nobody wants to wait minutes for a character to move, and keep in mind the realities of any economy, i.e., distribution is key. |
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Kind of silly, somebody has an order to buy 10 million 1credit at 20 sats https://poloniex.com/exchange#btc_1crThere are only 48,186 1credit coins so chances they will actually manage to buy 10,000,000 of them are very very slim. But before that person even has a chance it would have to drop through 200 (somebody buying 500,000) and 197 (somebody buying 1,705,928) and 100 (somebody buying 2,564,051), sort of like people placing orders to buy 50 million bitcoin at a penny each.  Whoever is buying so much of it I hope they do well as it's a good coin, but it would be nice to start some kind of new project with 1CR and similar higher quality coins. Dnaleor's ideas are good conventional ways to popularize a coin but maybe there are less conventional options too. - The original idea of 1credit, aside from the game, was for it to be used as an investment, like a meta currency? |
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The 1 million "Satoshi owned" bitcoins have been priced in by the market to stay put forever. Craig "Satoshi" Wright said he was going to move them, what are your opinions what would happen to altcoins prices if he stands by his word?
http://www.bbc.com/news/technology-36213588 Whether Charlie Sheen is actually Satoshi or not, he is not so desperate for money that he would dump coins. If coins have so far not moved then simply knowing who the main bitcoin dev was will not cause him to sell. |
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Early on I tried to figure out mining but never managed. At this point I think it is only profitable if you are night watchman at a college computer resources lab or something. Doubloons is one of those old higher quality coins that for some reason is ignored by exchanges. It would be good to start some projects with some of these older better coins that would let them float above the mass of new turdcoins on substance rather than hype. Some kind of project that gives real value. Not sure what. |
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Had forgotten about Doubloons. Thought they sunk with Cryptsy. One of the coolest old coins, it needs to be kept alive.
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...
EDIT:
tried to withdraw again and everything went smooth in 5minutes.
Pretty much the story of every exchange. BTER is honestly trying to recover, at least they didn't disappear. |
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[...]
I personally would use them to move fiat value from exchange to exchange. And opening a fiat/crypto pairing can thus be accomplished with these virtual products.
[...]
I don't know where to start so I just picked one paragraph. Moving fiat value from exchange to exchange can be done with any coin. The dishonestly, by itself, of Bitshares marketing should make people cautious. |
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Coinomi looks pretty cool. Fairly launched is rare. No doubt Cassey has been mining off and on since day 1, but if somebody mines now for a year they get the same reward as somebody who mined the first year got. Very rare. Important too that people realize no coins at this point are distributed "fairly". Every coin has whales and minnows. But with a coin like this the whales are probably benign and will always be looking at many things beside price. |
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Regarding total coins, that is easy: Its the block number since there is only 1 coin per block.
I understand that but it is important to have Coinmarketcap show accurate current info since most people find out about coins there. Right now it shows bitcoins market cap as "$ 6,634,151,877". Litecoin is shown as "$ 148,474,571". 1Credit is shown as "?". For a lot of people that usually means the dev is trying to hide an inflated market cap. However in this coin the market cap is actually much lower than people assume. What coin marketcap wants is a page like http://dogechain.info/chain/Dogecoin/q/totalbc that lets their program calculate market cap constantly. If the website is yours, i assume it is, then it would be helpful to the coin to make a page like that. If you make a page like that I'll submit it to https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/viewform along with the 1credit website which also isn't on the Coinmarketcap page https://coinmarketcap.com/currencies/1credit/ |
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Just bought 1 BTC worth of the 1CR lottery ticket.
\ lol Market cap seems to be only about 31 bitcoin right now so 1 bitcoin makes you a major player in this coin. |
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...The trick is in figuring out a decentralized game structure that's fun to play....
And doesn't require an ante... and can be learned and played by anybody... Look at bithire, a brilliant project.
Neucoin likewise.
both scams?
Not really. They don't lie about the fact that *they* own all the coins and the applications or games have nothing to do with the coin. Neucoin might really be a scam though, and bithire almost certainly is. Both are great ideas involving developers who appear to have absconded with vast premine or ico funds, as I understand it. Huntercoin has devs that can be trusted. A person can read a bit and see there is zero chance of Snailbrain or Mithril or you scamming anybody. You are honest people who simply are making poor choices about adapting the coin. I really need to drop this issue but I will say one more time, and honestly I think most outsiders would agree, Huntercoin is not going to succeed unless it adapts so that it is available and easy to use for any general public anywhere. Most people cannot and/or will not use the coin game as it is now. That is simple fact. You can argue this and that. We can go back and forth you say this, another person says that, it boils down to again Huntercoin is not going to succeed unless it adapts so that it is available and easy to use for any general public anywhere. It's a nice game. Good ambience on the thread. Friendly people. The coin will fail if it doesn't adapt. |
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BitAssets (bitUSD, bitCNY, ... bitGold) are designed to track the price of those "real world" assets without counterparty risk on the blockchain.
So think of them as financial tools. You can switch your exposure to price movements in 3 seconds by trading between them.
Think of BitShares as a special purpose currency factory that offers a way to create a variety of useful hybrid "smart coins" that breed desirable features from multiple currency strains. Some are trustless. Some engineer blockchain-assisted trust. Some represent real assets mapped onto the blockchain by trust alone. Others are stable with respect to external assets that may or may not be stable themselves. Some are deterministically self-contained mathematical constructs. Others extract order from the unpredictable external consensus of generally clueless people. Our industry is generating a Cambrian Explosion of new coin species.
So, when you evaluate any particular coin, you shouldn't be comparing it to some preconceived idea of what your ideal one-size-fits-all universal coin should be. That's like saying everyone should standardize on a single retirement mutual fund. The blockchain world has moved waaaaaay beyond that.
When somebody says "So think of them as..." you can guess they are about to try to assfuck you. And then "deterministically self-contained mathematical constructs", oh no, and "a special purpose currency factory" oh yes yes yes. The bitxxx market on Poloniex can be summarized as "Here is an oppportunity to convert your money into bitcoin, then buy an asset that will decline in value as bitcoin increases in value". Why is it marketed on Poloniex? Because it provides capital to sneaky fucknuts using complicated terminology who want cheap money to invest that they can pay back at a discount. |
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...
The problem is the trust of a coder to not implement an unnoticed issue. ...
Tim
I would tend to agree with that. The issue is 1) Find somebody who everybody has enough confidence in. 2) Raise a bounty fund or whatever. 3) Put the code up and let people go through it open source. So at this point it seems up to Tim or fartbags to make a wallet, either THC or BTC, that could be used to induce an outsider to spend a while updating things. Since a wallet fix would reinvigorate the coin and increase price probably, it seems wise to make the bounty in THC. Also looking ahead, it has been mentioned possibly doing other things with the coin. Fartbags mentioned using another algo that might give other possibilities. One thing I support that was mentioned is broadening the focus generally to medicinal plants. Hemp, as a plant, is famous because George Washington, Th Jefferson etc grew it, yet it is restricted. Marijuana, which is similar, is becoming legal in more U.S. states and there are a lot of weedcoins that focus on commercializing marijuana specifically. The idea of using this coin to promote hemp cultivation (research it) is good, but maybe a broader theme like medicinal or "useful" plants that can be cultivated (non commercially) by individuals is good. There could be some marketplace where people could buy and sell MountainRoseHerbs https://www.mountainroseherbs.com/ type stuff. That would involve Tim making a market website of some sort, which might make a little money, and would allow us to get back to the nice idea of him paying for everything, which is better than me chipping in. |
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