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1181  Alternate cryptocurrencies / Altcoin Discussion / Re: 10 months on... About the Bytecoin (BCN) ninjamine on: January 25, 2015, 03:07:42 AM


I fail to see the point of this post fluffy?

Rough claims that Bytecoin existed before 2014, but Rough didn't exist before 2014.

So I think that was the point.  

I bought a few million BCN at 1 satoshi, and I still have some of them.  Is there any reason why I shouldn't sell them now for 4 satoshis?  Any reason that existed before 2014?  

If there was any other evidence that Bytecoin existed before 2014, then Rough's join date wouldn't matter.  But is there anyone in the world who mined Bytecoin in 2012 and was also a member of bitcointalk in 2012?  I can show you people who posted on bitcointalk in 2012 - can you show me people who mined Bytecoin in 2012?  Not just tell me about them and expect me to trust you, but show me?

Rough says he got Bytecoin from a Tor onion.  Of all the people in the world who used both Tor and Bitcoin in 2012, I think a significant percentage of them were aware of bitcointalk.  So how is it that no Bytecoin users were aware of Bitcointalk, and vice versa?  

Every other coin in the world has people hyping it and fudding it vigorously, but all those Bytecoin miners kept it a secret?  Why?  What were they doing with their Bytecoins, if nobody in the world accepted them, traded them, or even mentioned it once on the internet?  If it was a better-kept secret than Silk Road, for some unknown reasons that even the people using Bytecoin were completely silent about it for so long, then why did they all suddenly change their minds and come to bitcointalk?  Did they have some blockchain consensus protocol and take a vote on it?    

What good are ring signatures and trustless networking, if the entire concept requires us to be so trusting that we have to swallow heaps of blatant lies?  
1182  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CON] PayCon X13 POW/POS - Now on C-CEX, POW-POS Phase- Get Your CON On!! on: January 25, 2015, 01:37:24 AM
CON wallet C-CEX has still not been resolved, or the deposit is not successful, fix as soon as possible, thank you!

It seems to be fixed now, at least for me. I had deposited coins to C-Cex few days ago, they finally showed up today!


Yes their coin info is now showing the current block height.
1183  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: January 25, 2015, 12:43:39 AM
Alright, is there anybody who ever wanted to develop a successful crypto project?  Well, we have one already, and the original developers don't want to work in crypto anymore.  Lucky for us, it's already listed on Poloniex and Cryptsy, it's been running with no problems for several months so the network is solid, and there's plenty of community interest in a coin limited to a total of 1 million. 

Let's face it, any project you could work on has a maximum of about 1% chance of ever becoming as successful as Fractalcoin already is.

I'm thinking we look at the wallet first and see if there's a problem calculating the advertised .5% transaction fees for smaller transactions.  The 2FRAC maximum fee seems to work fine.

And then we can talk about maybe tapering down the block rewards to .5 and then .25, if we want to extend POW a little longer.
1184  Economy / Scam Accusations / Re: WoodCollector the saga continues?.... on: January 24, 2015, 03:47:36 PM
So if he does post a video, it won't make any difference?
1185  Bitcoin / Bitcoin Discussion / Re: I love bitcoin but there are some concerns (zero difficulty in the early days) on: January 24, 2015, 03:05:40 PM
How many people know before 2013 about it? Almost nobody!

That is true.  Satoshi didn't even make an ANN in the altcoin forum at bitcointalk, which is a sure sign of a scam launch. 

On the other hand, these forums at bitcointalk were a lot more boring before Bitcoin was invented.  Mainly we would just start topics like "Why is this site called bitcointalk when there is no such thing as bitcoin?"
1186  Bitcoin / Bitcoin Discussion / Re: I love bitcoin but there are some concerns (zero difficulty in the early days) on: January 24, 2015, 02:18:51 PM
When there is only 1 computer mining and it gets turned off, the chain is broken in my opinion.


It's not a matter of opinion, if you know what a blockchain is.
 
The chain is unbroken between blocks, which can be proven and can't be changed or falsified without changing all the blocks that came after it.  Each block comes from the block before it, that's what makes the chain. 
1187  Alternate cryptocurrencies / Altcoin Discussion / Re: 10 months on... About the Bytecoin (BCN) ninjamine on: January 24, 2015, 02:03:05 AM
Like I said, doesn't the evidence in the code and in the blockchain show that Bytecoin didn't exist until 2014?
1188  Bitcoin / Bitcoin Discussion / Re: There is no consensus on the existance of the foundation on: January 23, 2015, 11:17:26 PM
Andreas looks like a vampire.  But he probably can't help that and it shouldn't influence your opinion of his character. 

That is all I wanted to say, please carry on with the discussion.
1189  Bitcoin / Bitcoin Discussion / Re: 2008 revision of bitcoin whitepaper on: January 23, 2015, 10:59:38 PM
Huh, that's really interesting, never heard about that! So there really was a previous draft? Did it contain serious problems, disadvantages or flaws? Or was it just some improvements concerning wording and such? I'd love to hear more about that!

Me too, somebody please start a topic asking for a copy of the original draft
1190  Alternate cryptocurrencies / Altcoin Discussion / Re: 10 months on... About the Bytecoin (BCN) ninjamine on: January 23, 2015, 10:54:59 PM
Hence you would expect to see a lot more development happening with these newer coins compared to a three year old coin that has probably already accomplished most of its original design goals.

But Monero is almost 3 years old itself.  I personally mined Monero in 2012. 

People have called me a liar for saying that, but they couldn't come up with any objections that don't apply equally to Bytecoin. 
1191  Bitcoin / Bitcoin Discussion / Re: I love bitcoin but there are some concerns (zero difficulty in the early days) on: January 23, 2015, 10:31:57 PM
runpaint, my words were written not for you Smiley
(I agree with everything in your message. I just do not use <sarcasm> tag writting my opinion)

Oh shit did I just go asperger?  I'm spending too much time on this message board, I might turn into a programmer
1192  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: January 23, 2015, 10:29:01 PM
This week somebody put 1BTC on Fractal at 1997 on Cryptsy.  .96BTC of that is still left, because other people are still buying for more than that, but he hasn't pulled his order yet.

So clearly the coin is worth something, and I think it will be worth a lot more in the near future.  It wouldn't hurt to have an active developer, so I will personally pay 5000FRAC if anyone wants the job.  earlz gets first refusal, as he is most qualified for the job along with the other original devs, and he would be free to sell me back that FRAC on Cryptsy, or sell it to that guy with the 1BTC buywall.  Or he could help the coin along its way to the moon, and that 5000FRAC might be worth a lot more. 

If earlz doesn't want it, somebody else please speak up.  If I have to learn how to do the coding myself, then I will have a lot more time and effort invested in this coin and none of you will be getting any of my FRAC for less than .1btc.
1193  Bitcoin / Bitcoin Discussion / Re: I love bitcoin but there are some concerns (zero difficulty in the early days) on: January 23, 2015, 09:57:55 PM
Quote
just buy a little bit and diversify the rest... dont worry about the concerns they've been thought of before by thousands of very intelligent people, its no problem.
The question is: how to distinguish intelligent people from all others?
The answer: intelligent people have a paid advertisment in their signatures on forum

My signature space is worth more to me than what they're paying.  I decline that money so that I can buy credibility in this community, because people will know that I'm not just selling something.  But they can also send me a little btc to my address, if they want.  And if I share something or teach something that helps another member here earn a lot of money, he might show his thanks with a lot more money than those advertisements are paying.
1194  Bitcoin / Bitcoin Discussion / Re: I love bitcoin but there are some concerns (zero difficulty in the early days) on: January 23, 2015, 08:45:13 PM

Expert in misleading the people that the Bitcoin shit is a very good investment ?Smiley

Do not keep your money in BTC.

Play how much you can afford to lose. BTC world is "owned" by a gang , called "exchangers" (look o their shareholders and you will see that all of them are connected).

They need new fools to put money in their shit. These exchangers have connections in media (paying many so called reporters) and they are making a buzz about how great is Bitcoin.

BTC = up to 200K active users and around of 700K overall. It's NOTHING compared with any other e-currency which btw, didn't have a such media.

Yes, take advantage of it(if you can), speculate it and nothing more. Keep you money in other investments, don't be a child to believe all you read. There are many fanatics, BTC evangelists who will even say BTC is my God just because they earn few pennies.

 People not rooted in reality (aka shills) seem to never want to argue the true points of bitcoin and its pitfalls, while only acknowledging and hyping it's positives, completely dismissing any sound feedback (and ironically, labeling any voices of reason as 'trolls' or 'bears.') 




You're one of those guys who makes huge 100% profits by taking money from these fools!  They think Bitcoin is a great investment, so they bought your bitcoins for 2 cents when you only paid 1 cent!  Haha, you're laughing all the way to the bank with your $200.00 profit, while these idiots hold the Bitcoin shit and sell it for millions. 

They don't know about the "gang" of 100,000 exchangers who are just cheating them.  When this gang of exchangers grows to 100 million people, each with .1 bitcoin, imagine how worthless the bitcoin shit will be then!  Ha ha, they will wish they had sold it for 2 cents like you did!  Unfortunately, most people are not as smart as you.
1195  Bitcoin / Bitcoin Discussion / Re: 2008 revision of bitcoin whitepaper on: January 23, 2015, 07:04:15 PM
The first one had a lot more stuff about how people should avoid cloud mining scams, but they removed it because they felt it was too obvious and nobody would actually need to be told that.
1196  Alternate cryptocurrencies / Altcoin Discussion / Re: Fractalcoin - The most important cryptocurrency innovation of 2014 on: January 23, 2015, 12:36:26 PM
It will be about 3 more months, it goes straight from 1 coin per block to 0 + tx fees.

The specs are available at Fractalco.in
1197  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: January 23, 2015, 07:13:31 AM

Thanks for replying.

Don't you think there's still a lot of promise in one of the few coins limited to a supply of 1 million?

What do you think is the major flaw - that nobody will mine after block rewards end?



Just because the supply is low, doesn't mean it's worth anything. The major flaw is the core design of the coin: subsidizing mining with percentage based fees. It lead to people just keeping their coins on the exchange, complicated the implementation of any services using the coin, and because people avoided sending coins the average block reward is very little, leading to difficulty dropping dangerously low (ie, you could 51% attack it with $10 worth of rented hashpower at the time I basically gave up).

I was getting .01FRAC in tx fee about every 10 blocks, when the coin was almost dead and hadn't been mined by more than one person for over a month.  And the blocks are fast, so that's already comparable to mining rewards for Unobtanium.  And that's when hardly anybody was using the coin.

Watch the blocks.  Maybe 10 go by with no tx fee, or maybe it's several in a row:
http://fractalcoin.miningpoolhub.com/index.php?page=statistics&action=blocks


Do you realize your coin has been running flawlessly on autopilot for several months?  A lot of coins need constant supervision and still break anyway.  Your design was so good that it has continued functioning without you.

Do you realize that your coin is still traded everyday on Cryptsy and Poloniex, which is something most coins never achieve, and half the ones that did achieve it already got delisted?

Fractalcoin is already more successful than 90% of all altcoins that have ever been made, and it's not even a year old yet.  

Me, I'm excited to see what will happen when block rewards end and mining rewards are less than Unobtanium.  (Unobtanium is worth over $2.00 per coin right now, and rising)

People stopped mining, not because of transaction fees or Slingshield - they stopped mining because they had been getting 40 per block and suddenly only got 1 per block.
People kept their coins on exchanges, not because of transaction fees, but because they thought the coin would skyrocket in value when it was 40 times harder to mine.  And it will, it just needs at least 1/4 the time it took Bitcoin to skyrocket.

Besides, everybody sends transaction fees with Bitcoin anyway.  The wallet has a popup that asks you "Hey don't you want to send a transaction fee?"  Fractalcoin limits the fee to 2FRAC, and other than that it's half a percent.  People don't mind paying half a percent, they pay a lot more than that with credit cards, and they pay more than that to buy Bitcoin on Coinbase.  So what if Bitcoin has smaller transaction fees, if you have to pay 1% to get some bitcoins?

What's the difference between Fractal's mandatory transaction fees, and Ripple destroying a percentage of coins with every transaction?  And everybody's jerking off over how great Ripple is, so let them try some Fractal too.

Of course, maybe it could be fixed so it is actually the .5% it's supposed to be, instead of the 50% I get charged when I send 1FRAC from my wallet, or 2% when I send 100FRAC, or 300,000% when I send .00001FRAC

Sometimes the transaction fee is .49250995FRAC for any amount of 98 or lower, and it changes to 2FRAC if you send 99 or more.  Or then you go back and it's a 2FRAC fee to send 2FRAC.  So the problem isn't with the .5% fee, but maybe there's a little problem with the implementation.  Or maybe the wallet is crazy and makes up a different fee every time.
1198  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: January 23, 2015, 07:02:08 AM
what is the concensus here? It looks like the devs have abandoned the coin. If they are too busy to work on it, they should give ownership to another dev that can put in time to turn this coin around

Yes, sell:

<@earlz> yea, I'm not really working on FRAC anymore. Not enough time, and too many other projects
<CDarvin81> Ah ok whats the new project? Is it dead?
<@earlz> I'm not going to say it's dead. But the percentage based fees were less effective than I expected at least
<@SkunkMonkey> Sometimes shit just don't pan out Sad
<CDarvin81> Hmm yes will look if i had time after SEPA then i could add some new. Or better let it be?
<@earlz> eh, I think the primary design is just flawed. percentage fees have too many infrastructure difficulties, difficult to properly enforce, and make a lot of legit transaction types expensive
<@earlz> If we make another coin in the future, we might do a swap, but yea. We're not expecting to work on fractalcoin anymore
<+Crat0sW0rk> lot of sell orders just went up
<@earlz> eh


Well they really tried, for 3 months.  I mean, Bitcoin was already huge, 3 months after it was released, so obviously if this coin didn't work out after 3 months then it wasn't worth any more time.  

Good thing the coin still works without devs.  I've been doing my part to get some of those limited 1 million coins, and if the coin needs programming that the devs won't do, we'll find some other programmers who will do it.

But someone is still hosting Fractalco.in, so I appreciate that and I would be glad to donate to help keep that going.

Sorry about the lack of nodes, I did have a few servers but it's been reduced to 1, earlz.net. I guess the fractalcoin daemon crashed or something and it stopped for some reason.. Either way, I brought it back up now so the wallet should sync automatically again.

Either way, there's some changes that were made on the master branch that haven't been put into an actual release. I just never got around to putting out a release. If anyone wants to take it over, I'd be more than happy to update the ANN thread to point to a community take over or whatever. I won't develop on this anymore though. I think the core premise of percentage based fees combined with Slingshield is fundamentally flawed. It's a good idea in theory, but it doesn't really work practically. It complicated the implementation of services as well and was generally unworkable for the plans I had for it.

I've been working on other stuff (code reviews, another unrelated coin, random other projects) and I have absolutely no time or motivation to do anything on Fractalcoin.

It was fun while it lasted, but it just didn't end up working out like I expected.




Thanks for replying.

Don't you think there's still a lot of promise in one of the few coins limited to a supply of 1 million?

What do you think is the major flaw - that nobody will mine after block rewards end?


1199  Alternate cryptocurrencies / Altcoin Discussion / Re: 10 months on... About the Bytecoin (BCN) ninjamine on: January 23, 2015, 06:32:13 AM
That was quite a post. 

Also, isn't it true that if Bytecoin was actually mined since 2012, that only about 10 computers were mining it?
1200  Other / Meta / Re: And we are Back!! on: January 23, 2015, 06:19:25 AM
I was helpless without all the people here telling me what to buy and when.

Did anybody watch the markets to see if the absence of hype and fud made a difference?

Seriously though the site being down prevented me from doing some important communication and stuff like that, so I appreciate it even more now.
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