He did not even bother to premine them.
Simply because that would have caused my fun-d to bloat the blockchain, and I decided that it would be mean of me to make other people download megabytes upon megabytes of my fun-d when I can fit it into one little block. What was the reason for the 7.7 million number? Did 7.8 seem like it would be too much? 7.6 not enough?
Arbitrary number, since it appears quite apparent that there is no way to arrive at a "noncontroversial" number. To be frank, just used same number for GG and TBX. Unless someone can propose a protocol for selecting a "good one", this number is as good as others |
|
|
|
is there a gui version of tbx software?
i want to buy some tbx, so i need a place to store them, dont want to mine them right now.
but i dont get it, i go to the site and all i see totaly confuses me.
is there a "noob" version of tbx ? please ?
The standard TBX is gui... You run windows or linux ? |
|
|
|
|
You don't want to share your paypal login and password with Dear Leader of Solidcoin ?
You meanie.
|
|
|
|
Sources will be available. So far, there has been no indication of that. You had soooo much insider information in the other bashing thread. Actually, no, I didn't have and still don't have any reliable information, insider or otherwise. Still, one has to wonder, why would one withhold sources, if not to hide something.... |
|
|
|
7.7 million is too much coins IMHO.
You said 10% of max possible coinage is okay. Tenebrix has no mining-limit, so max coinage is above 136 billions. I am well within the limits you have arbitrarily ordained in your comments in TBX main thread. You really think someone will still mine TBX in 100 year from now?  Why not ? Stranger things happen with markets all the time. |
|
|
|
Sources will be available. So far, there has been no indication of that. Also, when will sources become available, when sufficient number of people install the binaries  ? |
|
|
|
|
I am of course biased, but I find lack of sources in Solidcoin beta seriously worrisome and *wrong*.
Say what you want about premines, premined coins can't have potential to run arbitrary code on your box...
|
|
|
|
Geist Geld is 40% edgier and 80% more experimental than any iteration of the Flaccidco(i)n  |
|
|
|
7.7 million is too much coins IMHO.
You said 10% of max possible coinage is okay. Tenebrix has no mining-limit, so max coinage is above 136 billions. I am well within the limits you have arbitrarily ordained in your comments in TBX main thread. I don't think the max coinage is relevant. If you'll dump your coins in three months, you will cause a permanent crash in TBX, so nobody will care what max coinage TBX may or may not have. Nah, bulanula specifically said that 10% of all possible coins is fine with him in adjacent thread. He doesn't like them smarty mathematications that much P.S.: And we've been through market-crash argument. Any market I care to think of has agents who could crash it at a press of a button. Including BTC. The market cares not. Neither should anyone. |
|
|
|
7.7 million is too much coins IMHO.
You said 10% of max possible coinage is okay. Tenebrix has no mining-limit, so max coinage is above 136 billions. I am well within the limits you have arbitrarily ordained in your comments in TBX main thread. |
|
|
|
|
I find your lack of sources disturbing.
Does someone - anyone - really believe in security though obscurity in software ?
|
|
|
|
Diff's tough. People are throwing server-grade 8-cores on it, a lot. You'd be better off pooling. P.S.: As you can see above, I don't even need a FAQ statement about premine (I do have it anyway, just in case) since market is very good at informing itself Well he asked a simple question and I gave the simple answer (and his question was quite specific about coin counts - not sure why you didn't answer it) He didn't know (and obviously trying the block count * block value doesn't work) Easy to explain - not sure if you consider that an issue or not ... you shouldn't of course. Nah, I was just riffing on the fact that ripper234 is very, very very aware of the premine  (He even started a thread 'bout it) |
|
|
|
Diff's tough. People are throwing server-grade 8-cores on it, a lot. You'd be better off pooling. P.S.: As you can see above, I don't even need a FAQ statement about premine (I do have it anyway, just in case) since market is very good at informing itself |
|
|
|
Now this is libel. Put up some evidence, shall you ?
You failed to mention when you "created" TBX that there were premined coins, just like with GG. Thieves try to hide their activities, and it isn't until someone found out the truth did you "confirm it". LOL, I stated the existence of "protecshun fun-d" from moment 0, so your pathetic speculations are pathetic. The irony is all your trolling and hacking activities are going to undo you and anything you support. "My" hacking? Boy, that's quite flattering. Also, a guy who steals electricity from miners by taking away coins generated by their efforts for "protection phun-d" is in no position to lecture anyone on ethics, due to being a petty electricity thief At least my fund was made via my electricity, for which I paid. |
|
|
|
1. Do we have proof that the pre-mined coins aren't already at an exchange of sorts? Perhaps even an exchange that will pop up later? I don't know who owns btc-e, perhaps you're the owner and those coins are there already. If not, you can start another exchange tomorrow. In this scenario, you can really sell everything off instantly.
Errr, btc-e consolidates its incomings, so it is trivial to prove my stuff is separate. Now, owning my own exchange would require me either to engage in some serious confirmation fiddlery or other scheme that is apparent in BEX, and generally problematic when folks are watching the stash automatically. Stuff getting added to the fund gets noticed as well as stuff withdrawn. Also, I'd need a veryhuge pet exchange to sell off any meaningful portion of fun-d.
2. Suppose the coins aren't in any exchange, and that it takes you 10 minutes to move them to an exchange.
2 confirms ? What kind of madman runs that ? Would a significant part of TBX holders be aware and sell their holdings before you do? If their holdings aren't on an exchange, it would take them longer than you to move them. I'm not sure a 10 minute window is enough to defend against you selling off the pre-mined coins.
Typical confirm limit for exchanges is around 5, especially since recent shenanigans. So I am exceedingly unlikely to sell off in less than 25 minutes unless a supernatural force helps me.
Do enlighten me.
You know, since 2010, even going online without registering your MAC with govt is a major offense (not to mention fiddling with crypto without State license), and our president premines votes via "thugs v 1.0" and "Pig horde aka police state v 1.1" exploits
I think in 10-20 years, Bitcoin could eliminate a lot of the fat in a lot of financial organizations. And that if I were the inventor of such a currency, I would want to remain very well hidden. Imagine a disgruntled bank owner that just lost 1 billion dollars over a few years "because of Bitcoin". Is it inconceivable to imagine he would try to avenge? I don't think this is plausible, mind you, but I understand why Satoshi would want to eliminate the possibility.
I find both scenarios fairly fantastic Well, like I said, you might have an insight into a unique mindset. I just find that...far fetched as far as hypotheses go. I sort of agree. But I hope you agree that a person can "disagree with the market valuation". So if he disagrees, and he thinks valuation Y is "correct", then he subjectively thinks the market is "wrong". Anyway, meta point, not really on topic.
Mkay |
|
|
|
What matters from economic perspective is that if he so desires, he can crash BTC value to nothing by selling off.
And, apparently, the BTC market cares about that just as much as TBX market cares about me, that is, it does not.
[/b]
And I don't know if his stash is already on exchange or not, he didn't, as far as I know, consolidate stuff on one address so that people can track its movements (I did, because autotrack folks asked me).
Except Satoshi invested years of his life into the project so people have a little more faith in him doing right by the currency. You spent one afternoon with artforz and changed a few parameters, gave yourself 7 million coins and put together an automated site from a template and now think you're in the same boat as him. How is your Coin Police doing ? You're not. Trying to draw parallels between him and you is quite ludicrous, he has some talent and gave a gift to the world, you just want to scam people and get rich
Now this is libel.
Put up some evidence, shall you ? |
|
|
|
True, he surely has a large stash, but those aren't pre-mined, not by my definition anyway. He has earned those coins.
That is argument from ethics not economics.
For a market, it doesn't matter if Satoshi mined them, conjured them through premine, or just plain got them from a fairy.
What matters from economic perspective is that if he so desires, he can crash BTC value to nothing by selling off.
And, apparently, the BTC market cares about that just as much as TBX market cares about me, that is, it does not.
And I don't know if his stash is already on exchange or not, he didn't, as far as I know, consolidate stuff on one address so that people can track its movements (I did, because autotrack folks asked me). P.S.: I don't understand why this is true.
Because trader has his funds on exchange, and his grandma is first to get "TBX gunna diiiieee selll selllll!" memo. I am unlikely to be in the first row as to the memo, and my funds aren't on the exchange (see BE), so I'm unlikely to be the first to run and even when I start running, I'll have to wait quite some time before it even becomes technically possible to sell (confirmation accumulation), thus getting beaten to exit by everyone + grandma. Once again, you gloss over / ignore technical details |
|
|
|
I'm sure many people are in my boat, and a lot of them even can't read code.
Just in case you (and some others) missed the memo - I only vaguely can read it, too With a dictionary You can probably do better than me. So one thing I certainly am not - I am not the guy with any ability to gain "inside info" |
|
|
|
|
Show Posts
