I'm sad, I hear what you are saying and I disagree. You should always think about the why and how to look into future past, what you say makes no sense whatsoever.

It looks like something like this could be used as a type of sidechain project, could you make a wallet that could connect to 50 Blockchains? You could make all payments by best price among a basket.

Oh man tell me about it, most "white papers" actually say nothing about the tech itself and how it functions and nothing more than glorified adverts. I've seen maybe under 10 papers but they are also hard to grasp in some areas so lots of people would not want to read a 30 page long whitepaper and not understand it.

If you can change the rules along the way, then why bother with something complex? If it's a clone then the whitepapers of the underlying tech could be referenced. I think you can just change the rules if you have consensus such as if the most active people in the Litecoin community would get together and recommend a change.

As far as I know, in order to block addresses you just need over 51% of the hashing but also updates to exchanges as well??

I like that you think that I think Bitshares is bad, I don't think I can recall mentioning Nxt.

If China is pumping money into Crypto it would not be a bad thing at all, get to dump some of your bags and they get a piece of the pie too? I've met lots of nice Chinese people and they are good at math and karaoke.

Could hire some "keep wabour" and when India gets in you can outsource your customer service too.

I think I would have 20-30k Blocks all the way down to 500-1000 Coins per Block with about 80% between 20k and 30k, 15% between 10-20k and 5% under 10k.

Yeah but you have like 10 threads and it's title names it as an announcement thread when there is an announcement section for official announcers. Does the title itself set a bad precedent?

Ok, then it also looks like all Coins were mined in the first Blocks so where did I hear about being a fork of PayCoin? How long ago was the OP updated? It looks like they added in all the information I talked about. Where was it that I read that the premine was in fact 30 million? 120 Coins per Block for 3 days is 777,000 Coins, but 12800 Blocks is 6 days of mining? and 12800 Blocks at 120 Coins per Block would yield about 1.1-1.3 million Coins, why is the money supply at 31.5 mil then? that means the premine is 30 mil?

I really enjoyed the read and thought it did a great job of trying to be impartial on the subject. I liked how it looks at examples in a constructive way and makes the information easy to understand for people who are less computer literate. Great job!

I think it would be cool if you had some kind of wiki for forking and extend the subject, maybe with some up or down voting?

Shouldn't this belong in the Announcement section? Does Bitshares get preferential treatment?

And here is an article written by a few of the Litecoin Community members about what a hardfork is, and information about 51% attacks released today (less than an hour ago). I highly recommend reading it to help gain a bit of a better understanding about Blockchain consensus.

http://www.digitalcurrencycouncil.com/professional/an-objective-look-into-the-impacts-of-forking-blockchains-due-to-malicious-actors/

I did see the "lets imagine for a moment it's not a scam" but could not find anything in which could counter it.

About "double spend and fork", if you have control over more hashrate than the rest of the network you will always be mining the majority of the Blocks in which case you can send a transaction to exchanges and then mine your own chain and reverse that transaction and the network will accept it because your hashrate is more than the rest of the network and will continue to be more because you outmine everyone else.

Let's say for the last month Scamelo was mining with 400 GHS, that would be 33% of all Blocks on the Litecoin network over the last 30 days, LiteCoin reward is 50 Coins per Block at 2.5 minute intervals which would mean he would have mined approximately 285,000 LiteCoin in the last 30 days and with an approximate value currently of $7 per Coin, that would equate to $2 million USD worth of LTC, or approximately 7500 BTC.

The mention before was also that it was 500 GHS mining with 350 GHS in reserve not mining, if mining with 500 GHS it would be approximately 2.5 million USD, with 850 GHS it would be 4.25 mil USD but then we come into the same question about 51% attacks.

That 400, 500 or even 850 GHS could not be hidden on the network, their mining operation would be so massive they would need their own hydro-electric dam and a facility the size of a city block. It's supposedly in Brazil which in case would require a lot of extra cooling so it isn't melting the miners, the extra cooling alone would make the mining un-competitive even if you negate the fact that Brazil has a base energy cost 2-3 times higher than developed countries like US, Canada and most every European country.

Block halving for LTC is in just over a month http://www.litecoinblockhalf.com/ and expected to occur August 25th, 2015, that would be the primary driver for the increase in price over the last month along with the recent debates over Block sizes and fees for Bitcoin.

In that case, the 850 GHS would be about 75% of the Litecoin hashrate (https://bitcoinwisdom.com/litecoin/difficulty currently at 1.22 THS) and then the price of LTC would crash anyways because one entity could double spend and fork the network at will and make LTC useless as a currency.

You can check out distribution of hashrate by mining pools here https://www.litecoinpool.org/pools

This is why there are so many people warning not to invest, because there is no real mining so it's only measure or rewards relies on deposits of new users funds. If there is a large increase in price of LTC the rewards can't increase because there is no actual mining so you don't receive any benefit of an increase in the LTC price.

My biggest advice to you since you are new to these forums is not to get excited and jump legs first into anything. Take your time and research, do yourself a favor and give a minimum of one month, read everything you can possibly find on any coin or service and do not be afraid to ask questions. If you own LTC at the moment, it has increased quite a bit over the last month (about 500%) and pumps like that are a normal routine but be weary of being caught at the top and holding Coins for long periods afterwards until it rises again to the point at which you can finally sell at a profit (not all eggs in one basket, not all that glitters is gold).

Bitbean is 1000 Coins per Block right?

What is it's current money supply? it's minimum age and maximum age? Does it have some kind of block splitting? What is it's default split and combine thresholds?

Why?

https://bitcointalk.org/index.php?action=profile;u=519697;sa=showPosts

Julia's posts only began on Scrypt.cc with a couple posts on another cloudmining topic as well http://ore-mine.org/ which is also another suspicious site with no ssl certs and claiming to have over 100,000 users. Like Scrypt.cc, this ore-mine site also has no proof of mining and no transparency.

Put your money into another persons pocket and hope they will be generous enough to provide you with some scraps, this seems to be the aim of the game. Ore-mine seems to be unaffiliated with scrypt.cc and not really about mining at all but more or less a Ponzi-game, the user "Sector" who runs the ore-mine site promotes it a bit as a virtual mining site, even though it doesn't seem like there is any actual mining going on..

So is Jahvinci no longer part of MaryjaneCoin?