Cool, congrats to the new admins!

Imperfect is exactly what we're here for. I'll jot both ideas down and credit them your ways if and when I get around to doing something with them.

The Devcoin page on the Devcoin wiki summarizes things quite nicely IMO.


Also, be sure to check out the wiki in more detail. It's a work in progress that DVC community members are throwing together, and you can even earn yourself some Devcoins if you write for it!

I like this idea! Temporary altcoins created for "races" to see who can mine the most would be fun to watch 



Then, just as you're about to launch, push the target date back 3 months for mysterious reasons.

I was going to hold off on this for a little while longer and get the idea a bit more developed first, but with the recent foaming-at-the-mouth speculation, minor revival of RUC, and launches of several new altchains (not to mention the criticism of them in a recent thread), I'd say this is a good time as any to make the announcement of...JokeCoin!


Basic premise is simple: A lot of altchains turn into pre-mined pump and dump scams which harm users and the overall health of the cryptocurrency community. Even if they are legit and not premined, some of them (arguably) still add little in the way of positive growth, being little more than clones of existing coins. At the same time though, creating new coins is an interesting project, and some altchains have introduced beneficial new ideas not first considered by Satoshi. What this project will aim to do is separate the "silly" and potentially "scammy" coins from "serious" coins by establishing a well-defined moniker for currencies obviously intended as a project - or even as a joke, as the name "JokeCoin" implies. The core intent is to keep the creativity of new coin development alive (with a dash of humor thrown in for good measure), while at the same time hopefully reducing the anger and number of scam accusations flying around this subforum these days.


As a simple proof of concept, I'll be updating the following blog with new JokeCoins as it unfolds. The proof of concept for the first of these coins is also posted to the blog. I sadly have nothing in the way of source code for it yet, hence why I wanted to hold off for a little while longer, but plan on releasing something for it relatively soon. Hopefully within a week.


I'm also planning the second JokeCoin (there's a few different ideas I could use for that one, thanks to far too many hours spent in the Trollbox) to be online fairly soon. Reader suggestions for new coin ideas is also very welcome. So far, ideas include:

• JinkiesCoin
• BoozeCoin
• BoobCoin
• BFLCoin
• HypeCoin

What are their defining characteristics? You'll have to wait and find out!


Should there be enough interest in this and/or the blog get enough hits, I'll see about expanding this from beyond a mere blogger page. This is, again, still in proof of concept format just to test the waters. I have several ideas for expanding outward and would love for the opportunity to make them happen.




As a final note: I hope this helps resolve - or at least poke fun at and make light of - some recent controversies we've seen in the cryptocurrency community recently. This project is not intended to cause offense to anyone or anything in particular; instead, it's merely to introduce some humor into the altcoin world.

IIRC, Obama went on the record saying he would veto the bill if it landed on his desk.


I'm not overly concerned yet that it may pass, but I am - for the umpteenth time - disappointed by Congress.

If you have some sort of skill, figure out some way to market it and get some BTC the good old-fashioned way: With hard work.


Can you write? Check out http://www.devtome.com/doku.php to earn Devcoins by writing wiki pages, then exchange those on Vircurex for BTC instead.


Can you do anything musical? Set up a Youtube channel or something, don't set up ads, and instead set up a Bitcoin tipping address. Link it in your signature or other places on the forums to attract attention.


Can you program (or, at least, do you think you can program)? There seem to be a ton of "programming" jobs in the Sevices section of the marketplace.



Most of all, my advice is to think outside the box a bit. Clever ideas inherently attract more attention.

Obviously. Which is why the early adopters didn't try to convince new users they would see a 26,000% profit...unlike what you're doing here.



Point is moot, obviously, since this schlock has been exposed for it really is (to nobody's great surprise) and at this rate we'll be seeing a closed thread in no time. Cheers.

IMO, you should still put some description of whatever languages you have worked with (or at least know that you want to work with). It's good to have at least a vague idea of what languages or skills you'd like to focus on.

Rule #1 of life: If something sounds too good to be true, that's probably because it is.



Agreeing with Smoothie this time around, this sounds scam-tastic. Want to actually make money on autopilot? Make up a product that sounds fantastic but has little substance, then charge a bunch of saps 1BTC for it...

Of course I took a risk by purchasing (and using) Bitcoins,  and of course there are many upstanding characters in the cryptocurrency community. Perhaps they are a minority now, but that is a different discussion. The point is, I'm hardly arguing with that and I wholeheartedly agree...but this is not a valid defense of BTCJam.



My beef with BTCJam basically stems from:

• Lack of investor protection. If someone defaults on the site, you're shit outta luck...the ToS explicitly state that "Under no circumstances should you attempt collection on a late payment yourself. In doing so you run the risk of creating a legal liability for yourself and the website cannot be hold responsible." And, frankly, I have no idea if BTCJam bothers to try and collect on defaulted loans; due to the anonymous nature of Bitcoins, it seems like it would be quite challenging. Yes, they do now have "secured loans", but how often do you actually see them being used?
• Meaningless borrower ratings. With a Google Voice number, some bogus social networking accounts, a paypal account, and a falsified government ID...suddenly you're probably easily at over 10 points without actually proving any sort of reliability. Even judging a user by their past performance is no guarantee as I once found out the hard way after successfully loaning to this user a few times. To me, it seems there is no reliable way to judge a user's actual credibility given the information presented on BTCJam, and that bothers me greatly.

Frankly, it seems more like a gambling site than a lending site. The tools provided to investors are lacking (at best) and new users will likely be scammed a few times before learning how to tell a likely scam. When combined, these factors, in addition to my above points, provide a great environment for con artists to make a quick buck...and for investors to lose their hard-earned coins.



I think a well-defined loan recovery plan would greatly raise my opinion of BTCJam. At this time, I see no effort on their part to repatriate (or at least reliably prevent) lost investment funds, so I don't see myself using their site anytime soon.

I'm fed up with BTCJam.

It's a great idea, but with so many scams and no realistic way to hold borrowers accountable, it's an enormous risk for lenders. With most of the interest rates on these loans in the "under 10%" range, it's not worth the risk.



With all that said, I only lost ~2 btc to shoddy loans before calling it quits...but that still would have been over $400 yesterday (and still $140 at this moment). That's quite a bit to lose to "safe" loans, and I'd hate to think how much in total has been lost on the site.

:trlf: out of 10

I present this humble offering, which was spawned during a late night in the trollbox:


http://www.quickmeme.com/Smug-Bitcoiner/?upcoming

Buying up BTC at $6 each and LTC at $.02 each in the summer of last year. I only bought $50 worth of each, which is a bit disappointing, but the returns have been phenomenal!

This this this, this a thousand times this...there's a reason it's known as the "trollbox".

Litecoin is LTC not LTE...rate of difficulty increase is 4 times faster than BTC.


BTE is exactly the same at BTC, the only difference is the name. Which makes the current mindless circlejerk around it even more mindless.




There have been a few threads about the differences between the existing coins. I'd strongly recommend you search around for them. Perhaps starting with the topmost stickied thread on this subforum...

Kidnap the President's daughters. Payment will be discussed after this task is complete.



...You did say any service 

Copy/paste from a discussion between Anon136 and I in the Bytecoin thread:




I'd hardly call BTE a proper "solution", but more of a "stepping stone" to get to a proper solution. Avoiding over-centralization is what makes this issue a complicated (and interesting) challenge.

Ah, I see your point about the increased centralization tradeoff. Bit more complex of an issue than I first thought, then.

Also, since you started a thread dedicated to the discussion of BTE and the scaling issue, I'll take my bellyaching there instead