Whats the biggest bet you are willing to accept?

So instead of being open and telling people about your 7 mil pre-mined coins, you expect people to deduce that you mined some coins by the fact that you said "bounty" and using "100% squeaky clean" coins. Well, bounty coins can be mined after the coin has been published. And 100% squeaky clean coins can be mined afterwards for your laundry also. It doesn't necessarily mean you had to pre-mine them. But that's besides the point. You purposely did not mention that you pre-mined 7 million coins because you knew people would not mine your coins if you did that. Tell me that's not true.

I don't doubt that you have good intentions with those 7 mil pre-mined coins. But hiding information is not a good way to go about it and it definitely hurt the trust people have in you and your coins now.

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 ?

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.

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.


Only with actual, you know, differences, and actual benefit to community (which has already manifested in the form of Timetraveler-eviction patch)

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)

Tell you what, you must lost some money when SC tanked huh??

I got 50,000 Version 1 Geist Geld I can send you, post an address! LOL ROFL

This place has really gone down hill since IXcoin. It's accelerating to a kind of singularity but one where the man on the street is going the way of the dodo.

I think the next alternate block chain project is going to require licensed mining.

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 means no expectation of deflation and thus a lower (compared to other alt-coins) price per unit (when exchanged open)

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 laundry) 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.

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"

Can any of you explain how is this network really getting shut down and what really happens when it gets restarted.
What if 2+ miners keep the rigs running and people do not download hes "new and improved" client?
 

Oky, sorry for missing it   on first go.

P.S.:
This also nicely confirms that we did, indeed, succeed at evicting timetravellers, lol

Oky, sorry for missing it   on first go.

P.S.:
This also nicely confirms that we did, indeed, succeed at evicting timetravellers, lol

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)