Here's your first post. Now explain how you can conveniently "forget" to mention this important thing about 7 million pre-mined coins.
I mean I'm ok with pre-mined used to benefit a coin with bounties and the laundry idea. And 7 million might be a bit excessive. But not mentioning it before you got people to mine your coin is unacceptable.
Good point. Where did you say anything about 7 million premined coins? I admit I am mildly avoidant of the issue due to it being hotbutton for a lot of folks, though, to be honest, Ixcoin did that in a much less elegant and much more burdening way, with far less innovation and net benefit to community (I'm not counting the "I made 500 bucks on Ixcoin, lol" kind of benefit), and it's not like it's dead as a result or something As I indicated it will take the network at least 93 days to generate 7million coins.
You think 3 months head-start is more than enough time to get things in place? I -hope- to have the laundry running in 2-3 month, but so far I'm on the lookout for devs (especially ones who want a Geist bounty) So to be fair, it would be best if you compared bounty+faucet+small stuff fund of approx 2+ mil with the net performance, not including the 4 mils I intend to "forever bind" in a Laundry. Also, one of conditions for bounty projects (which GG will traditionally have, stand by for list) will be that they are made open-source, so that everyone can benefit from them
a wonderful laundry service that guarantees 100% squeaky clean GeistGeld (mined, no history attached)
Eh ?
I suggest you create a set of board members who will hold each an equal amount of those 7 million for bounties so that there is accountability. Say you had like 10 people with each 700,000 GG and they were reputable in the community. I think users of GG would be more apt to want to put trust in this project. That would be an awesome thing to do, but it would require a system of public accountability not yet in place (But I do intend to take a stab at placing a bounty on Bitcoin Contracts implementation for Geist, though I somewhat doubt there will be takers) It also raises issues of how does this thing manage the Lolcust Laundry which, I must admit, is an idea I am very attached to (because I always dreamed to launder large sums of moneys, lol  ) Currently, accountability is trivially managed by watching blockchain as to whether I am trying to sell off a large chunk of superfund, trivially done as soon as geist gets an online explorer. A complex structure with 10 people would be far harder to monitor, and in the end due to ephemeral nature of all cryptocurrency, just as questionable in terms of accountability. Also, consider this: Unless Geist explodes in popularity to Tamagochiesque proportions, there is no chance in hell of ever selling off even 1 000 000 geists in "a chunk"The whole point of Superfund was that the biggest part will end up "bound" forever while a smaller part will slowly trickle to people willing to contribute time and effort to bettering Geist (and other chains, since everything is gonna be open-source, even the Laundry code, *yes bitcoin laundry, I am looking at you  * ) |
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Also, one of conditions for bounty projects (which GG will traditionally have, stand by for list) will be that they are made open-source, so that everyone can benefit from them
a wonderful laundry service that guarantees 100% squeaky clean GeistGeld (mined, no history attached)
Eh ?
I thought long and hard about the 7 mil figure.
If I was making a coin that has "max amount" and isn't churned out at a rate of 7 units every 15 seconds, it would have been excessive.
Given lack of deflationary anticipation in GG (and upper limit that borders on astronomical), if anything, I'm afraid that I pre-mined too little to allow my (planned) laundry serve a large order of bitcoins (via abovementioned scheme), should such arrive.
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The seven millions are legitimate, and are the bounties and laundry fund that I think I mentioned in the first post.
Wow, this was never mentioned. That's very sneaky of you. This is even worse than ixcoin.  didn't I mention having a fund for starting up a laundry and posting bounties ? I definitely did no less than twice in this thread. How does baby bounty form? premining  ! I could premine them the ugly way, and burden the network with a crapton of Fund Blocks, or I could do it the economic way and waste only one block on the affair. Lolcust exactly how many premined GG coins do you have? My current budget is 7769999 in bounty + laundry superfund, and a couple hundreds I couldn't send a guy because his address seems broken. At the rate we have been generating these blocks it would take 93 days just to mine 7,000,000 GG.
That seems like an awfully long head start on bounty coins (over 3 months time at current rates).[/b] Don't forget that I intend to sink no less than four (maybe more) mils into my Laundry Buffer, to never ever be spent (and provide a service to the community, yay!) |
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Tell me this. What's to stop you from dumping them on the exchange when one does come along? The fact that I will earn, at most, a grand 'o bucks in bitcoin, while instead I could use the Superfund as bounties (or convert small fractions into bitcoins to pay folks who don't like being paid in Geist) to make Geist better, implement optimizations that will prevent it from choking to death on its block-speed and c00l tricks like Contracts, hidden transactions and shit-whatnot, make my laundry, and insure a steady income from helping simple Joe Sixpack Bitcoinlaunderer launder dirty bitcoins via "DirtyBTC->GG->LolcustLaundry->squeaky-clean GG->Squeaky-clean BTC (from a different exchange)" scheme ? I could earn a grand o'buck by smuggling cellphones into Belarus. What I want is to take a stab at viable alt-chain, with possibility of stable (if small) completely automated income via provision of much required community service Not everyone is a dim short-term maximizer, dude. This is starting to sound like the ixcoin story all over again... Only with actual, you know, differences, and actual benefit to community (which has already manifested in the form of Timetraveler-eviction patch) 7 million premined coins in a single block? How many blocks did u get?
1 worth 7 mil, and 200 worth 7. You see, Multicoin code allows to put X into first block, and then apply a different ruleset to the rest. Neat feat. I have given away every single Geist in the latter 200 blocks (to which any subsequent Block-exploration will trivially attest) |
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I have a suspicion that some coins were mined that weren't legitimate. I had my first block orphaned and it containe dover 7 million coins.
Now can someone create a simple block explorer so we can verify the first 1000 blocks to see that no monkey business was done?
Thanks  The seven millions are legitimate, and are the bounties and laundry fund that I think I mentioned in the first post. The reasoning behind the sum is the following - geist has neither production drop-off nor upper limit on amount of gg in the chain (well, there sorta is, over a hundred billions, lol) which (combined with very fast blocks) means no expectation of deflation and thus a lower (compared to other alt-coins) price per unit (when exchanges open, that is) Thus, I need much more than other coins in terms of bounties. I also want to organize a "cryptocurrency laundry" that does not suffer from the usual crap of having too little coinage to ensure that you don't get fed your own coins. After some guesstimations, I've reasoned that I need no less than four millions as buffer for laundry (never to be spent, but instead serve as "clean coin" supply for the laundry while "dirty" coins are accumulated in separate wallet to eventually become the new buffer, while commission is diverted to yet another wallet) and about a pair of millions for bounties and stuff, so I can more easily persuade competent people to lend their helping hands to the effort. I added a bunch o'geists on top of that "just in case" so I can also open a "Geist Faucet" and keep it running for at least half a year (I am confident in my peer's ability to milk it dry) Then, I proceeded to contemplate how should I organize pre-mining those, since forcing other people to download a crapton of blocks just because I want to start the cleanest e-money laundry of all times would be kinda mean. I've figured a way of doing so in just one block without ruining the coin's operation via multicoin's inflation trigger thing, thus achieving pre-mining without encumbering the chain with a swarm of Laundry&Bounty Fund blocks None of that was secret since post one, and BTW those coins are quite "canonical" I just got this
ERROR: CheckBlock() : block timestamp too far in the future
ERROR: ProcessBlock() : CheckBlock FAILED
TIMETRAVELLER EVICTED. HUGE SUCCESS. I am so putting this instead of usual error text in the next build. |
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Actually, there are solid reasons to believe that "skewed" adjusts are bad. That's why, after consulting with a number of highly proficient individuals, I have decided against mirroring that stuff in Geist Geld (not that it needs it, with it's scary-fast blocks )
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Orphans should show up in listtransactions, IIRC.
are you sure you have ntp=1, Sekioh ?
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This line keeps coming up in geistd
ProcessBlock: ORPHAN BLOCK, prev=0000000066bd76b9e7c9
Something wrong here?
Not necessarily. What is your current block per getinfo ? Did you get my coins ? |
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@ johnj - now that was one hell of a touché @Joules since when did "hackers" become antithesis of bitcoin ? Did I miss the meeting where the Grand Hivemind Queen of All Bitcoins excommunicated them ? |
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Got a new card, now I'm at ~400 mh/s
Still can't get any work in. Cards will chug away, but even after 10m still at 0/0. Using poclbm, win7x64, 2.1sdk
I still think I may be doing something wrong... but I can't tell. So my best guess is 400 is still too low.
Did you do the NTP thing above ? How many connections ? I've fired up a ghettobox with 250 mhashes some time ago (to test Cosbycoin's complaints of "orphan storm") and it gets an occasional block, though only one so far (GUIminer w poc on Wx64) Well that would be my problem. The ntp setting wasn't in the config. Thanks. Oky, sorry for missing it on first go. P.S.: This also nicely confirms that we did, indeed, succeed at evicting timetravellers, lol |
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Got a new card, now I'm at ~400 mh/s
Still can't get any work in. Cards will chug away, but even after 10m still at 0/0. Using poclbm, win7x64, 2.1sdk
I still think I may be doing something wrong... but I can't tell. So my best guess is 400 is still too low.
Did you do the NTP thing above ? How many connections ? I've fired up a ghettobox with 250 mhashes some time ago (to test Cosbycoin's complaints of "orphan storm") and it gets an occasional block, though only one so far (GUIminer w poc on Wx64) |
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It fixed the timewarp exploit. So now a 51% attacker can do what a 51% attacker is supposed to be able to do. But no longer "create 10000 blocks in 5 minutes"
Tested and confirmed fixed!cool ! Now I guess is time to invite pools... Or maybe make one...Decisions, decisions. Oh, guys, BTW. I forgot (silly me!) to turn Artz's NTP on in the config. It is strongly advised that everyone activate the ntp since otherwise shenanigans would eventually happen.To do so, simply put the following line into your config:ntp=1 Yup, that's all, then you're free to mine on! P.S.: I will update the git and the config coming with Win files when I get out of GPRS land... |
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Lolcust,
Though I hate your blockchain because it moves too fast for my hardware, I gotta say I'm impressed. You set up a live chain to be tested on, tests have gone on, it's proving itself right away.
I'm so surprised this wasn't done earlier.
Good job.
they do IT IS CALLED TESTNETS. and it is done this way to not damage the coin itself. I'm not sure I want anything to do with a coin that is so accepting to the childish hackers(NOTE I DID NOT CALL THEM SECURITY PROFESSIONALS BECAUSE THEY ARE NOT) and actually not only seeks their help but praises them, giving them more confidence and reasons to attack the major networks here that have shit to do with geist gelds. I have no faith in this, and you think doubleC will put up a exchange after bitcoin express is going arround saying he is going to bring down namecoin? You reap what you sow and right now yall are sowing shit. Dude, chillax. Guy helps me fix/improve Geist - I say "thank you" and put credits in the code comment. It's that simple. |
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Please post support inquiries in the main thread. I'll fire up my ghettobox with 250 mhashes just to see if I get a ton of orphans or somthing. I will donate the Geists to you if you I get any, lol. P.S.: And I'm locking this, coz restart has restarted |
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It inspired my GF to motivate me to make Geist Geld.
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heinz's addy got copypasted oky.
Hm.
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gDYas4z3eoxvDKYMtZMWFVQcUYDGZzNZwm
Either my copypaste skills have deteriorated due to all the copypasting of code, or your address isn't right (CosicMiner's address got accepted oky so it is unlikely to be a Geist issue) |
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Bitcoins are also experimental even in the words of Gavin Andresen. So would you advocate an attack on the bitcoin network too if someone had enough hashing power to kill the network? Something tells me you would be against it.
Uhh, if someone can do this to the Bitcoin network, then the Bitcoin network is already dead? Um, no, and in fact "this thing" (the "blocks from the future/blocks into the past" technique specifically, not the fact that a person with 51+% of a net can break some stuff) is verily patchable, as Geist illustrates. |
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I'd like to remind everyone that so far, bitcoin-police has not yet gained the ability to put people in jail
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Okay, I am starting to send out them pre-mined coins divided by applicants, no need to give further addresses lol @heinz Hm, you probably should have more accepted, how many coins you get per minute, approximately ? Also...before my remote mining rig got taken down during first launch, I was getting very "questionable" results on cgminer solo. Much better at poclbm (GUIminer included in bundle specifically) heinz, try poclbm. |
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