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Alternate cryptocurrencies / Altcoin Discussion / Re: Thoughts about premining/superblocks? Here's my $0.02...
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on: July 11, 2013, 02:39:52 PM
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I guess superblocks are good for early starting miners, but I don't see the advantage to be honest. If you're there early then you'll be able to get the blocks quickly enough anyway because fewer people will be around. It's really the same problem with the difficulty except a different way of doing it.
better way, would be to start the superblocks further into the block chain, say around 10,000 blocks or so, otherwise, your just giving bot nets and huge, lownlatency miners, millions of easy coins. Diff will be higher, and, they will spread out more evenly. A pool may even be setup quicker. See, the main goal, for a coin starting out, is to have a lot of people, will a nice bit of your coin in their wallet, rather than a select few, holding a majority of the coins. The more people who have your coin, the more people who are invested in it, and want to be able to trade it. The mob rules, as they say |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Thoughts about premining/superblocks? Here's my $0.02...
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on: July 11, 2013, 02:14:11 PM
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Depends on how small. My problem is more the difficulty. Premines usually raise the difficulty be default and most tend abuse the damn system. To be perfectly honest you could pre-mine one coin and simply divide it into smaller and smaller pieces. I'm not sure if anyone would begrudge one coin which is usually a very small amount of coins from the total, not 20 - 30% of the total pool.
That said, there are 'other' ways of recouping money which also have their own advantages and disadvantages. Most pre-mine coins appear to fail the moment the miners realize what's been going on. I guess it depends on the openness of the developers and how they interact with the mining community.
agree. 1 to 2% is a fair amount, I think. My pre mine was less than 1%. It's very complicaTed to change the starting diff. Having an starting block reward of 0 and slowly ramping up to full block ward is the best way to do it. And, super blocks, are just dumb |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] MasterCoin [MST] The master of all alt coins!New client! Coins-e confirmed
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on: July 11, 2013, 11:35:38 AM
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Updated OP with Block Explorer
More focus on development go go  This is all part of development. Merchants want these pools and faucets and block explorers in place, before they even consider accepting a coin. I've been in talks, once an exchange accepts MasterCoin, and it has a clear cut value,you will see a couple places to spend MasterCoin. Coin development, is a long, hard process. another note, the source code on GitHub has been fixed, it now compiles easily, in Window, Linux and Mac OSX mountain lion. I am constantly working to approve MasterCoin. Thanks to everyone who has been helpful in this endeavor. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: MasterCoin Celebrates!!!
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on: July 10, 2013, 02:26:08 PM
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You are just trying to lure people into your scamcoin using your Master-baiting  No, I am distributing the tiny premine, as promised in my ANN thread, and building an interest in my coin. I didn't even start mining, once it went live, until around block 5050, to give other people a chance to get some coins, and, so as not to be accused of insta mining the crap out of it |
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eliminate the middle man
