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1262
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Alternate cryptocurrencies / Altcoin Discussion / Re: BitBar Didn't Pre-Mine, they were just conveniently ready
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on: May 05, 2013, 08:00:49 PM
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I do agree that launching a new coin should be made public atleast 7 days before the actual launch. Preferably couple of pools set up and an exchange to support it. Distributing the binaries and sources in a AES encrypted 7zip or rar package and finally revealing the key at specific already widely known time.
We just haven't seen this method yet, hopefully it comes the standard some day.
Even fairer than that, would be to launch the coin but only on a 'testnet' so people could practise mining it etc. You could even argue every coin is a scam coin for not doing these things. public mining test. this follows good SDLC practices. Provide a User Acceptance Test of the cin. Give it a window of one week, gather data and release it. I like it! Sounds good to me as well, finally mr random is using his senses, kudos |
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1267
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [BTB] The BitBar Information Thread
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on: May 05, 2013, 07:18:05 PM
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It is less scam than some other altcoins but it is still a scam. 1. 60 blocks after the genesis block were premined 2. Difficulty for the first 735 blocks was so low that it can't even be shown on the explorer 3. For the premine period, 59.644201 BTB were generated in little less than 4 minutes 4. For the difficulty under 0.001 period excluding the premine period, 600.324139 BTB were created in little more than 20 minutes http://btb.cryptocoinexplorer.com/chain/BitBar?hi=736&count=737Addressed here. Nice attempts at justifying the scam, but they won't work except with complete retards. It would be cool to see judge reaction on your saying "I killed the guy because that other killed some other guy earlier and ended (seemingly) unpunished". If you are going to criticize the difficulty at launch, then it's a larger issue with the launch of many/most altcoins (early adopter advantage). Why single bitbar out? The premine appears to be an honest mistake and the guy isn't profiting off of it. Why set difficulty at 0 if the purpose of the bitbar is to be very rare and hard to get? Creator couldnt have been so naive  |
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1268
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Alternate cryptocurrencies / Altcoin Discussion / BitBar Didn't Pre-Mine, they were just conveniently ready
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on: May 05, 2013, 07:10:22 PM
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Official announcement on this board: https://bitcointalk.org/index.php?topic=193519.0 Time: 05:30:04 PM Announcement: 17:30:04 First Block mined: 17:32:10 (Difficulty 0.00) (Reward 1 Bitbar per block) First Hundred blocks: 17:33:24 First 200 blocks: 17:36:16 First 300 blocks: 17:39:42 First Thousand blocks: 18:01:22 First 2000 blocks: 18:40:45 (Difficulty 0.012) (Reward 0.528202 per block) . . . . Current Block 6000 (Difficulty 15.291) (Reward 0.164687 per block) So from the time that it was announced to the time someone has time to read the announcement, download the client and configure the .config you need at least 15 minutes, by that time 500 Bitbar were already in the hands of the creator and the people that was aware before the announcement. Now take into account that the reward is rapidly decreasing, the "conveniently ready miners" are hoarding a huge ammount of bitbars which were easily mined right after the announcement: Here's one of said wallets: http://btb.cryptocoinexplorer.com/address/BCJ49q7DHd4sCzwiQ1FDmTx7saxV7fDqX8 |
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1269
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [BTB] The BitBar Information Thread
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on: May 05, 2013, 07:05:46 PM
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Ymer, so now you have a problem with people mining the coin AFTER the coin has been publicly announced and it's fair game for anyone to mine? Dear God.
Everyone knows the hour or two when a coin launches you get a ton of coins at a silly rate. It's the early adopter advantage. While you are studing Blockchains, look at the most recent coin favourite - Feathercoin, approximately 200k created in the first 2 hours. This is one reason why you get people with hundreds of thousands of Litecoins, PPCoins etc.
That's curious that you don't call it pre-mining: Official announcement on this board: https://bitcointalk.org/index.php?topic=193519.0 Time: 05:30:04 PM Announcement: 17:30:04 First Block mined: 17:32:10 (Difficulty 0.00) (Reward 1 Bitbar per block) First Hundred blocks: 17:33:24 First 200 blocks: 17:36:16 First 300 blocks: 17:39:42 First Thousand blocks: 18:01:22 First 2000 blocks: 18:40:45 (Difficulty 0.012) (Reward 0.528202 per block) . . . . Current Block 6000 (Difficulty 15.291) (Reward 0.164687 per block) So from the time that it was announced to the time someone has time to read the announcement, download the client and configure the .config you need at least 15 minuts, by that time 500 Bitbar were already in the hands of the creator and the people that was aware before the announcement. No Pre-mine? |
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1274
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Alternate cryptocurrencies / Altcoin Discussion / Re: Total BTB vs. Time
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on: May 05, 2013, 05:44:55 PM
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BitBar guys just copy and paste these facts to the trolls: - There was 5 minutes of premining done in error by the tester - those bitbars are being donated as a bounty towards the exchange. See the official launch topic. The graph is the entire coins produced, not of the accidental pre-mine (it was only 60 BTB) Sure bud, blockchain indicates otherwise- The difficulty for Feathercoin was also at 0. In fact several coins launched that way You are proving the point that SCAMCOINS gonna SCAM- As with most new coin launches on the first day a huge amount get created for the super early adopters (2 million for PPCoin, 200,000 in the first 2 hours for Feathercoin, many others...) So 5 minutes into the game is the new early adopters timeframe? Keep hating  Derp in bold You obviously haven't even looked at the block chain because that is a complete lie. Why are you spreading lies or can you not read times? Bitbar was announced at 17.30 and according to the blockchain only 5 minutes worth of mining occured prior to the announcement. From the block explorer I see: 2013-05-02 13:56:10 to 2013-05-02 14:00:06 - Five minutes of mining (supposedly done by the tester in accident - 60BTB total) After that nothing until 17:32: 2013-05-02 17:32:10 - First block found after 17:30 announcement on the forum Don't use facts on sub and ymer. They ignore them. like r3animation and mr_random ignoring post #59 |
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1276
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Alternate cryptocurrencies / Altcoin Discussion / Re: Total BTB vs. Time
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on: May 05, 2013, 05:03:37 PM
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U wrong bro, I no mad bro, I got 5 BTB in few hours with just 5770 bro!  Fawking jelly, I was asleep when the announcement was made then didn't check the forum till BTB was already like a day old, still got about 0.5 BTB in 12hours though. |
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1278
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Alternate cryptocurrencies / Altcoin Discussion / Re: Total BTB vs. Time
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on: May 05, 2013, 04:57:49 PM
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BitBar guys just copy and paste these facts to the trolls: - There was 5 minutes of premining done in error by the tester - those bitbars are being donated as a bounty towards the exchange. See the official launch topic. The graph is the entire coins produced, not of the accidental pre-mine (it was only 60 BTB) - The difficulty for Feathercoin was also at 0. In fact several coins launched that way - As with most new coin launches on the first day a huge amount get created for the super early adopters (2 million for PPCoin, 200,000 in the first 2 hours for Feathercoin, many others...) Keep hating Counterspell!  1. 60 blocks after the genesis block were premined 2. Difficulty for the first 735 blocks was so low that it can't even be shown on the explorer 3. For the premine period, 59.644201 BTB were generated in little less than 4 minutes4. For the difficulty under 0.001 period excluding the premine period, 600.324139 BTB were created in little more than 20 minuteshttp://btb.cryptocoinexplorer.com/chain/BitBar?hi=736&count=737You didn't get early enough and you are mad. Herp derp haters keep on hating herp derp lol moar derp. |
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1279
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Alternate cryptocurrencies / Altcoin Discussion / Re: Total BTB vs. Time
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on: May 05, 2013, 04:53:27 PM
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BitBar guys just copy and paste these facts to the trolls: - There was 5 minutes of premining done in error by the tester - those bitbars are being donated as a bounty towards the exchange. See the official launch topic. The graph is the entire coins produced, not of the accidental pre-mine (it was only 60 BTB) Sure bud, blockchain indicates otherwise- The difficulty for Feathercoin was also at 0. In fact several coins launched that way You are proving the point that SCAMCOINS gonna SCAM- As with most new coin launches on the first day a huge amount get created for the super early adopters (2 million for PPCoin, 200,000 in the first 2 hours for Feathercoin, many others...) So 5 minutes into the game is the new early adopters timeframe? Keep hating Derp in bold |
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1280
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Alternate cryptocurrencies / Altcoin Discussion / Re: Total BTB vs. Time
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on: May 05, 2013, 04:48:45 PM
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substrata :No need for you to post on clone accounts, just be a happy troll.
LOL, it's cool bro, we need shills like you to defend BTB and FTC so we can all steal them bitcoins I will still say that truth that FTC and BTB are both scams, and YES I'm mining them (but right now only BTB). So you mine BTB too.. Do you even read? check my earlier 2 posts in this thread. Let me explain it to you again: 1. BTB is a Huge scam, it's obvious that not every single miner in the community will be able to see an announcement thread and point all miners exactly at the same time to get a big chunk of the 90% minable coins in the first year in 12 hours. 2. BTB will keep getting attention and shill threads to backup its false legitimacy (Shills and early adopters will keep defending it using "you didn't get early thus you are mad" strategy) 3. Idiots gonna idiot and still sell their worthcoins (BTC) for BTB. 4. I'm aware of all that is happening but I'm also aware that I can make more profit from said idiots selling BTC for BTB, thus I'll keep mining SCAMCOINS to make said profit from IDIOTS. understand? 1) Same argument substrata used. So practically every coin has been a scam including, Bitcoin. 2) Bitcoin did that too. 3) That's the entire free world market. You want something, you buy it. It's not limited to BTB. 4) Doesn't that make you a scammer too then? LMFAO. 1) sure buddy, keep defending this SCAM. So Bitcoin changed the rewuard after half day of mining LOL. 2) Bitcoin was the original coin, how do you even compare it if there were no altcoins? 3) Scamming someone in the free market is still scam, what are you even talking about? 4) Yes. |
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