Bitcoin Forum
May 28, 2024, 03:15:00 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Altcoin Discussion / Re: 42Coin block subsidy does not decrease, how is it limited to 42 coins? on: January 18, 2014, 10:44:57 PM
The developer must think the following line of code in main.h will prevent more than 42 coins from being created:

Code:
static const int64 MAX_MONEY = 42 * COIN; // 42: maximum of 42 coins

Although a code update could fix this issue, I don't foresee that being needed.  This will die well before 42 coins are minted. 

This has got to be it, nice find. The developer has no idea what he's doing.

You act as if it is surprising that a scam is a scam.

Sheesh.

Of course I suspected it to be a scam, but not to this extent... I'm sorry I bored you by presenting hard evidence of that, but I'm sure others in the community will find the information useful.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: 42Coin block subsidy does not decrease, how is it limited to 42 coins? on: January 16, 2014, 08:56:01 PM
Starting to think no one's actually looked in to this!
3  Alternate cryptocurrencies / Altcoin Discussion / 42Coin block subsidy does not decrease, how is it limited to 42 coins? on: January 16, 2014, 07:56:47 PM
With all limited coins, nSubsidy has a way to trend towards zero after a while. Some coins do this by halving the block reward, others by using some type of step function that eventually gives out 0 coins.

Litecoin, for example, halves until the subsidy is 0:
https://github.com/litecoin-project/litecoin/blob/master-0.8/src/main.cpp#L1069

Mincoin just sets it to zero after a while:
https://github.com/SandyCohen/mincoin/blob/master/src/main.cpp#L837

Looking at the 42coin source code here... the is subsidy is always a positive number, forever.
https://github.com/fourtytwo42/42/blob/master/src/main.cpp#L835

So how are they claiming that it's limited to 42 total coins? Because it's definitely not, unless the thing explodes after the 1 millionth block.

What am I missing?
4  Other / Beginners & Help / Re: Suing MtGox for $75m is a dick move. on: May 03, 2013, 03:24:07 AM
Huge bummer, I like MtGox but so far it's been difficult to get money out of the exchange in a timely manner.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!