Maybe FC joins that exchange also. would be nice  Hmm need to setup a buy BBQ thread then  HIJACK THREAD!! oh i been eager to do this and u gave me perfect opportunity to with that statement.... fancy buying a BBQ with your BBQcoins?  yours for only 5,000 BBQcoins!! better start buying them off the exchange As noted in my smokehouse giveaway thread, these do NOT include the meat... |
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Now that we have defined the problems, does anyone have any solutions? I have a solution to propose for the following: * Excessive Early Adopter Rewards * Inflation/Deflation enormous compared to normal currencies * Erratic income despite regular contribution My suggestion is to make the rate of coin production constant. Imagine an altcoin that produces exactly 1 billion new coins a year. In that case, it doesn't matter when you sign up... you have the same chance to mine a coin at any time (solves "no excessive early adopter rewards"). The "inflation" starts out high, but that's necessary, since coins usually start out with a bang of popularity. The inflation steadily decreases. After 1 year, it is 50% inflation. After 10 years, it is 10% inflation. After 30 years, it is 3% inflation. After 100 years, it is 1% inflation (solves "Inflation/Deflation enormous compared to normal currencies"). Plus, as long as you are mining constantly, the inflation alone doesn't take away your purchasing power. If I mine 500 coins in the first year, nothing (except increased competition) prevents me from mining 500 coins in the 2nd year, 3rd year, etc. Your share of the total coin base, thus your purchasing power, could remain roughly constant. This also avoids the "deflation" and "hoarding" problems, since constant purchasing power makes the coin neutral between saving and spending. Also, unlike national currencies, the inflation is mathematically predictable. (Of course, nothing guarantees that the currency would be adopted or continue to be used, like the other altcoins, so that is still an uncertainty that you would have). Finally, if you set the coin frequency high enough, that can give more steady mining income (solves "Erratic income despite regular contribution"). If 100,000 people mine the coin, and there are 1,000,000,000 coins mined per year, then there are 10,000 coins mined per person per year. That is enough for them to earn 30 coins a day in steady mining income. In 30 years of mining, they could earn 30 x 10,000 = 300,000 coins, which is about a typical level of lifetime savings in dollars as well. The steady supply of new coins should also solve the "lost coin" problem. Hm... anyone feel like starting a new coin?  BBQCoin or Fairbrix both have constant creation rates, pick one of them or a host of other early clones... |
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worth at least 10x that .01 BTC |
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On the board: I was waiting at a customer services station at Asda when a woman in front of me was returning a disposable barbeque. When asked why she was returning the barbeque, she replied, 'There was no meat in in it.' The shop assistant patiently explained that the disposable barbeque was simply to cook the meat and it did not include any food. Whereupon, the customer looked very embarrassed indeed. The assistant checked the receipt and asked: 'There are 3 barbeques on here, are you returning the other two as well? 'I can't', said the woman, 'they are at home in the freezer'. Hope you enjoyed bJJX7LrBGey1V17Jv4fLvnPyUEzmeja9Es Please be very careful that people don't return your BBQCoin for the same reason... |
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bac51Yj1gniqFUfqWHhdr9kGU2pALTW6jm
BBQCoin - Tastes Great On Everything!
Everyone above this line should be paid out unless they owe us a joke. 83 Free Samples are left, get them while they are hot! |
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The Sweet Baby Ray's, does it include shipping?
400BQC
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Not a joke; but it would be a funny stunt if somebody made a video of making a barbeque out of the heat generated from BBQ rig. Anyways, waiting for the day when we can buy a Chicken Barbeque pizza (my favourite) with BBQs......
BBQs - guranteed delivery under 10 mins!!*
*not sure of the confirmation time; though its supposed to be faster than LTC?
bL6wWoRgyTDkZ6q8S8wJ7Ufn6fadCUeM3B
EDIT: Ha, received and it got confirmed under 3 mins.
Awesomesauce! |
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Welcome to Scrybe's Smokehouse!After having a great time trading and gorging myself on all the slow cooked crypto-que I can eat I wanted to do a fun giveaway of some BQC to go with the limited time sale price I can offer while supplies last. 2500 BQC will be given away to the first 100 forum accounts* to post their BQC Address AND share a BBQCoin based joke, pun, play on words, or short tale of how you will use your new BQC (real or fictional.) Standard awards will be 20BQC, the remainder will be used for bonuses at my discretion. To go with these coins I will be selling the remaining 7500 BQC at 100 per 0.014 BTC, and I will be using the resulting .1BTC profit to ... buy BBQ! (duh)This thread is for the actual story/joke and payment address, I'm creating a second topic for discussion and trading (here: https://bitcointalk.org/index.php?topic=134179.0), please keep this one clean to everyone gets some BQC. When these coins are gone I will resume my regularly scheduled (and higher priced) sales. Thanks and Enjoy your meal! *I reserve the right to reject entries due to excessive sockpupetry, newness, scammer tag, repeated or unfunnily bad jokes, or any other reason I see fit, as well as award bonuses to very very good entries. My BBQ Address: bTK4PXzo9pEEXePXBEi541xCCkGk7BhhNd Gotta do better than that... |
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Yeah, because all the other chips that we have put in the hands of criminals have been 100% untampered with (oh wait, DirectTV, Dish, AT&T, and most subway systems would disagree with that statement...) </sarc> The problem is that you are putting your trust in a device to be 100% trustworthy and it is FAR harder to inspect than a paper bitcoin. A device that is being attacked many-to-one on a continual basis is not going to last more than a few months in the current security climate, how often do you want to have to change out your money for a new model? I'm not saying it can't work, but the bar is a LOT higher for mintchip from a security standpoint. (plus there is the fact that it is intended for INTERNET transactions, not offline) This is also an increasing problem with physical cash, after 3 years the US Treasury is STILL working on the new $100 bill, but paper stores in Japan carry stationary with the same hologram and other technology. It's a good thing we have the creasing issue, if they fix it it might actually be hard to counterfeit. All I need to validate a paper bitcoin is a browser, or a phone line to someone who can type firstbits into a browser for me and relay the result. Having a system that is trustable 99% of the time, but unverifiable by a normal human is LESS secure than having one with 50% trust and easy and instant verifiability, but most seem to try for 100% trust and forget about verifiability for humans. |
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But my assertion is that any spending of a "pure" coin issued pre-fork is a valid transaction on both sides thus any spending on the inflatacoin side is harmful to the holder of the coin.
How in the world do you think I could influence the transaction in the old chain? Thats not possible. Actually, he has a pretty solid point. I missed it on first read. Any spendable BitCoins that existed before the form are spendable LinearCoins on the new fork. Stephen is pointing out that spending the LinearCoins from address "ABC..." creates a transaction that is bitwise identical to the one needed to spend the BitCoins at address "ABC..." Is that an intended feature or an issue? It means that your ostensibly pre-distributed LinearCoins exist in a strange state. If I send my BTC to Fred, my LNC goes with it. If I send my LNC to Fred, my BTC goes with it. On the other hand, Fred receiving the coins post fork WILL get two independent coins to spend. That's twisted Yep, you need purposefully spend both sets of coins to different addresses before a replay happens on the other network. I think I'd generate 2 new keypools too and redo my vanity if I started using it. The problem is that if you are not aware of it you are sending your alt-chain value to uncontroled addresses in an alternate universe, so the number of lost coins will be HUGE unless a large portion of the bitcoin ecosystem takes action at or around launch of the fork. Congratulations, you have figured out how to premine to pure hoarders and insiders only. Any addresses that do transactions between launch and alt-coin discovery are at risk of losing it all in the new chain. |
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