The only thing I can really claim credit for is the number 1.769
[coinhunter]I will now patent it and put it under closed-source license [/coinhunter]

Actually, there is, as far as I know, no indication that the amount of coins hoarded by individuals affects the behavior of cryptocoin exchanges in any way (actual attempts to "crudely"  sell off huge hoards, off course, do)  - in fact, BTC has a fukton of coins hoarded, probably more than any other coin older than  6 months.

And, unless you believe in Strong Efficient Market Hypothesis, it really shouldn't.

Meh, as long as he isn't screwing up diffs or doing other "hax" shenanigans, it's perfectly fine.

It's not like we'll have to wait several month to resume mining GG as usual

Yup. If there is one thing Geist is not "afraid" of, it's the Namecoin Pool Fiasco (well, that and Zeitgeist attacks )

What adjustment limit factor did you use ?

+/- 400% is the default bitcoin values, and they resulted in large jitter that greatly displeased some miners, so I've dropped that. From the top of my head, current adjust is 176,9%, symmetrical +/-, with retargets every 16 blocks.


Neat. You can expect 500 Geists to arrive a mite later today

You're too much of a businessperson, Cosby

FlipPro is dreaming about a currency with explicit demurrage, Geist ain't not radical enough in its nonencouragement of hoarding for his tastes

Because "tunneling fists over TCP/IP" causes a crash ?

I think he will rather part with the mortal coin via honorable Seppuku than change the license

Um, I am the founding miner of Geist Geld

I mined the Genesis block and ~200 blocks afterwards. Just   ensuring technical details are being straight. Carry on

Well, new genesis block is assurance enough, as far as I can tell

I don't have any fundamental objections to having the exchange process start in unison with other coins, though the fact that fixing some of those coins might take no small amount of time due to how slow their blocks are coming through is sad.

I guess at this point we need to establish how you define "inflation" because, well, whether GeistGeld really "has" any inflation depends on said definition - technically it does have steady, fixed increase in money supply, with money supply increasing by 7 units every 15 seconds.

However, the term "inflation" usually  relates to prices, and not size of money supply proper (you can have your money supply increase by a factor of "x" every time period "t" and still at some point in time, get a drop in prices across the board due to a whole variety of reasons)

  we should likely start a Geist thread in Economics forum

...it's doing quite fine, with full suite of "timestamp exploit" fixes, new neat NTP by ArtForz, working Escrow Transaction Signing and stuff

Doing this because it turns out some folks missed the memo.

Closing this because we already have the main Geist thread to talk about, well, Geist.

There was both announce and a separate thread with vote on whether we should reset (I decided to let people who mined themselves some Geists voice their opinion before going through with any drastic action)

Sorry you missed all that.

I'll make announce thread in case anybody else missed the memo, too.

1)

I doubt you can blame GG for "teaching" hackers any more than you could blame Bitcoins for bypassing some local regulations or smth.

It's not like blockchain is an AI

2)
*cough*

there was a reset.

*cough*

Also, GG is so far the only chain that implements full suite of ArtForz's "timetravel prevention" fixes (both narrowed down accept window and fixed readjustment "hole")

I've been pointed to a thread where Bitcoind optimizations for pools are being discussed, and will likely try to monkey some of those into geistd this weekend or so (maybe earlier, I'm sorta on the move now).

I would be very grateful if you agreed to carry out some testing of that branch (assuming I get it work, lol ) via your private pool.

The hidden transactions, or rather their tragic demise (at least for now, until   somebody maybe-hopefully finds a way to bring them back to life in Geist ) were discussed in this very thread, starting here  https://bitcointalk.org/index.php?topic=42417.msg521460#msg521460

things like authority-based validation (and in-validation) of small-time transactions, and who knows what else (Definitely not me, lol) might be possible. 

In general, it seems like a tower of awesome, though not without risks (I decided that Geist might as well take the risks, since we already have one very careful, very robust coin called Bitcoin )

Cunning and complicated things that allow for doing unusual stuff like Escrow (when 2 or more parties have to sign a transaction to decide who would eventually get them moneys) or somesuch.

One of the most attractive, to me, was Gavin's hidden transactions, but it turns out it's not workable for now (I can't help wondering if amendments can be made to make it work without thoroughly ruining things and opening a large can of worms, it is/was such an awesome little thing...hm...food for thought )

Don't forget that no less than 4 mils are intended to rest forever as buffer in a laundry. Speaking of which, I am getting opinions ranging from "with 4 mils you could launder entire Silk Road (fuck yeah!)" to "with mere 4 mils you will have to resort to laundering 1000-10000 BTC per cycle at most, probably less,  should have gone for 1 bil buffer (awwww )" (But if I did go for such a sum, I would have had to change my username to Lolbernanke and that doesn't have the same ring to it)

And cryptocoin exchanges show zero care about "hoarded" sums as long as the hoarder isn't selling off (which is the stupidest thing to do with such a large load of them), according to some folks I asked

One of the reasons I am generally avoidant of the whole discussion is because it quickly turns into "is x mil too small for a laundry buffer in a 'non-deflationary' coin" which, as I have learned, is a pretty infinite thing to discuss (so I just picked a number that seemed "good enuff" and proceeded to figure out a way to get it without having the net to carry extra blocks)


1 block per 15 seconds, retarget every 16 blocks.

Lowered retarget limit to avoid large "jitter" of difficulty (works neat, so far)

No imposed upper limit on overall number of geist in circulation

Escrow enabled and working

Nonstandard tx enabled, so if you have That Genius Script Idea, you're welcome.

Are you on poclbm ? Because so far it seems to behave the best "out of the box" on Geist (experiments with other miners welcome, though)


But...but but butbut...Geist's blocks are faster, and Geist has bigger and vital-er security fixes ! Also, Geist has escrow