Oh yes Mister. Now enlighten us with another offtopic lesson about utility maximization and rational behaviour.

And I will answer You: Every parent gives ressources to the "incompetent" child on a daily basis. Because in a complete human being there exist other sentiments in the world than just "let's predate on this prey".

Because only by act of "giving" to "incompetent" we make them more competent than ourselves.
Subsequently, whole society transcends its limits.

Ok, and now Thou shall possibly react with "I said MISTAKENLY". And I will react: it may be the case that nothing else than good old "human" mistakes could possibly get us from the AI-governed cage we all are slowly and ooh-so-rationally building around ourselves.

(and since You spammed this forum with a link which has nothing to do with the topic of this forum, I'll send You also some stuff to read: http://teracoin.org/paper.pdf )

Khoda Hafez

The objective of this forum is to unite all who invested into vircurex stocks ( https://cryptostocks.com/securities/34 ) and to create a an VCX investor "watchdog" council able to create a certain "media" pressure which could ideally re-establish the trust relations between VCX administrators, its investors and further public.

Reasons why I create this forum:
* months ago I invested some BTCs into VCX stocks and notwithstanding its non-transparent mode of operation, I still stay faithful to the project
* nonetheless there are aspects of VCX activities which are difficult to swallow:
1) after VCX was "hacked" in spring, it is investors who paid for it and not the hosting company or VCX operators - this was "justified" by the vote in which majority of investors (possibly the VCX itself which still holds majority of stocks?) voted for paying out 70% into dividends and 30% into raising company's Net Asset Value ( https://cryptostocks.com/securities/34#vote )
2) however in its subsequent not paying of dividends VCX behaves as if investors voted for putting 100% of profit into raising NAV and 0% into dividends
3) there seem to be other inconsistencies in VCX investor reports: https://vircurex.com/welcome/investors?locale=en
4) what's more, VCX admins act contradictory to the investor votes, for example they started trading DigitalCoin while majority voted in the vote of 5th June against it
5) even many months after they were scammed by AurumXchange they continue trading in EUR/USD. this can be considered as a very misleading, quite scammy and potentially harmful practice for BTC community since in reality there is no way how to get real EUR/USD into VCX system
6) VCX today announced that it would pay a sort of interest to anyone holding huge amounts of BTC/LTC/PPC in their VCX wallets. while in itself it seems to be an interesting idea, it creates a precedent that decisions which could potentially decrease the dividends were not even consulted with investors by cryptostock voting system
7) it seems that VCX is still an anonymous entity. that means that potentially they can just "shut down operations" and disappear without a trace. while it would be utterly stupid (VCX seems to be a well running business), this option cannot be excluded and definitely does not augment one's trust in the system

Hopefully someone from VCX will come here and react, but the playground is free for anyone to express his opinions about this marketplace (with which, with exception of points above, I have only good experiences and I thank the guys who operate it for having survived the initial baby sicknesses and doing quite a good job)

I don't know how Your browser displays pure text files but the http://teracoin.org/blacklist ain't nothing else than a ";" separated CSV file whose
1st column specify the currency
2nd column specifies the address of the thief/attacker
3rd column specifies the brief name of the incident
4th column specifies the  URL describing the incident (and thus justifying the presence in the blacklist)

If such a (ideally decentralised) blacklist should be adopted by the most impotant merchants&exchange offices, it would mean for an attacker that he's burnin away his ASIC circuits 4 nothing else  than keeping the amount of "non-dirty" coins on a stabilized level, hence raising the value (in comparison with other currencies which inflate by mining) of the coin for all participants of the network except  himself

it's called an antiassholebollock positive feedback

[and You can be sure that the copies of the blockchain before the attack are stored on definitely hundred places or so, some offline, so TRC is definitely NOT DEAD, no definitive rewrite of the history could take place, coin is just hibernating]

Dear smoothie,

Existence of exploits is not my concern. Since it has been long ago postulated by many wise persons whose opinion I respect that EVERY SYSTEM IS EXPLOITABLE (BTC included, of course), I personally consider it to be a waste of time to give a big fck about exploits. What interests me, however,  especially in this stage of CryptoCoin paradigm shift, is to propose robust reactive mechanism against immoral usage of such exploits.

Blacklist whose URL is above is my minute contribution to such a mechanism.

(a propos,  many [ c.f. https://bitcointalk.org/index.php?topic=2322.msg30913#msg30913 ] things were "foreseen" months before You even registered to this forum, thus if I were You I would be somewhat reluctant in making definitive statements from such a distinguished supervisory pose)

Since it seems it continues and I'm getting somewhat pissed off by what is currently going on with TRC, I created a blacklist available here:

http://teracoin.org/blacklist

Which records major past&present acts which I personally consider as contradictory to the spirit of CryptoCoin movement.
The idea was to deploy a full-fledged economy and not a playground for morally crippled criminals, no?

Ideally,  in the future, merchants and exchange offices shall simply not accept coins which have ever passed through such dirty addresses.

we think that the global market is a huge fallacy if it does not have grassroots in the local interactions of people who trust each other

Thank You for Your answer.

Yup, we definitely plan to use a different port number.
When it comes to a different genesis block, is uint256 hashGenesisBlock variable the only one which needs to be changed (to no matter what value of same length?) or are there some other variables bounded to it?

Concerning Your remark of 'tying the currency to an institution of some kind', our objective is to tie it  to the functioning of the decentralized network of communities called kyberia which are starting to pop-up here & there and in the year to come we plan to implement bitcoin-based currency during activities like flee markets, music festivals etc...

and since its getting more  and more difficult to mine some bitcoins nowadays, we prefer to start a new fork, bound to real (and already trusted) people exchanging real goods and services

Hello world,

We would like to launch a peer2peer currency bounded to a specific community&region (i.e. central europe) and therefore we found it more practical to have our own network, parallel to the main bitcoin thread, independent from the speculations of GPU miners.

Therefore I would like to ask whether it is possible to do such a kind of 'fork' and if yes (which is more or less certainly the case), what should be done so that the new chain of transactions will be seeded ?

Of course we'll change the irc server & initial pnSeed values etc., but the bitcoin code is filled with sophisticated crypto so it seems to me that some other quite obfuscated values have to be changed in order to have a fully independent network. Could somebody indicate what variables have to be changed so that a new currency can be seeded?

Also please understand that by our tentatives to create a parallel currency (let's call it kybcoin for example) we do not want to, in any way, undermine the impact&value of the main bitcoin currency. On the contrary, we believe that an emergence of a new bitcoin-philosophy-based currency will add new spice in the game, since in the ideal case it would be possible to exchange bitcoins for kybcoins & vice versa...

which would be in the end, to the profit of all (we truly believe that bitcoin can lead to a nonzero-sum game economy)

Thank You very much for the time spent by reading (&possible reacting) to this message.

Yours cordially,
D.

P.S. bitcoin is truly genial