liquidcoin action

[steelhouse]

Liquidcoin seems to be having a rebirth.  Somebody is mining blocks as we have been getting about 1000 blocks a day now.  Liquidcoin closely follows gold in terms of rewards, that the supply is unlimited as long as you mine at a difficulty of 0.05. Can someone verify to see if block reward is around 4.68?  Price and action seems to be trending up at vircurex.

block   reward   coins   
0   0.00   0.00   
0   50.00   0.00   
1000   48.00   50000.00   
2000   46.08   98000.00   
3000   44.24   144080.00   
4000   42.47   188316.80   
5000   40.77   230784.13   
6000   39.14   271552.76   
7000   37.57   310690.65   
8000   36.07   348263.03   
9000   34.63   384332.51   
10000   33.24   418959.21   
11000   31.91   452200.84   
12000   30.64   484112.80   
13000   29.41   514748.29   
14000   28.23   544158.36   
15000   27.10   572392.03   1/21/2012 13:12
16000   26.02   599496.34   
17000   24.98   625516.49   
18000   23.98   650495.83   
19000   23.02   674476.00   
20000   22.10   697496.96   1/23/2012 22:46
21000   21.22   719597.08   
22000   20.37   740813.20   
23000   19.55   761180.67   
24000   18.77   780733.44   
25000   18.02   799504.10   2/1/2012 21:10
26000   17.30   817523.94   
27000   16.61   834822.98   
28000   15.94   851430.06   
29000   15.31   867372.86   
30000   14.69   882677.95   
31000   14.11   897370.83   
32000   13.54   911475.99   
33000   13.00   925016.96   
34000   12.48   938016.28   4/27/2012
35000   11.98   950495.63   
36000   11.50   962475.80   
37000   11.04   973976.77   7/2/2012
38000   10.60   985017.70   
39000   10.18   995616.99   
40000   9.77   1005792.31   
41000   9.38   1015560.62   
42000   9.00   1024938.19   
43000   8.64   1033940.67   
44000   8.30   1042583.04   
45000   7.96   1050879.72   
46000   7.65   1058844.53   
47000   7.34   1066490.75   
48000   7.05   1073831.12   
49000   6.76   1080877.87   
50000   6.49   1087642.76   10/3/2012
51000   6.23   1094137.05   10/15/2012
52000   5.99   1100371.57   
53000   5.75   1106356.70   10/22/2012
54000   5.52   1112102.44   10/25/2012
55000   5.30   1117618.34   
56000   5.08   1122913.60   10/29/2012
57000   4.88   1127997.06   
58000   4.68   1132877.18   11/1/2012
59000   4.50   1137562.09   
60000   4.32   1142059.61   
61000   4.14   1146377.22   
62000   3.98   1150522.13   
63000   3.82   1154501.25   
64000   3.67   1158321.20   
65000   3.52   1161988.35   
66000   3.38   1165508.82   
67000   3.24   1168888.46   
68000   3.11   1172132.93   
69000   2.99   1175247.61   
70000   2.87   1178237.70   
71000   2.76   1181108.20   
72000   2.65   1183863.87   
73000   2.54   1186509.31   
74000   2.44   1189048.94   
75000   2.34   1191486.98   
76000   2.25   1193827.50   
77000   2.16   1196074.40   
78000   2.07   1198231.43   
79000   1.99   1200302.17   
80000   1.91   1202290.08   
81000   1.83   1204198.48   
82000   1.76   1206030.54   
83000   1.69   1207789.32   
84000   1.62   1209477.75   
85000   1.56   1211098.64   
86000   1.49   1212654.69   
87000   1.43   1214148.50   
88000   1.38   1215582.56   
89000   1.32   1216959.26   
90000   1.27   1218280.89   
91000   1.22   1219549.65   
92000   1.17   1220767.67   
93000   1.12   1221936.96   
94000   1.08   1223059.48   
95000   1.03   1224137.10   
96000   0.99   1225171.62   0.07150018705514

[Liquid]

Go Liquidcoin 

[markm]

Well maybe this coin's totally broken design makes it a coin to buy and to keep in third party wallets, thus a coin for the masses?

Since even for experienced miners mining it is just a mess of broken-ness maybe the only way to deal with it is to have one or two CPUs somewhere chugging away at it and an exchange where it is sold to the masses to put in their third party wallets?

Who is actually buying them though? Just sockpuppets of the dumper?

-MarkM-

[steelhouse]

So you are saying somebody may have doctored the chain?  I noticed some days 20 BTC worth are sold at vircurex.  Today we are up to 3.  Why can't iocoin, ixcoin and the other chains also be broken?

[crazy_rabbit]

So you are saying somebody may have doctored the chain?  I noticed some days 20 BTC worth are sold at vircurex.  Today we are up to 3.  Why can't iocoin, ixcoin and the other chains also be broken?

No, I don't think that's what he is saying. I think he's saying the IDEA behind LCQ is stupid (more or less), the coin is based on other designs. I doubt anyone has doctored the chain. People buy it because they are speculating. And why not? When Asics hit there will be a lot of Idle GPU's in places with free power, and they will gladly mine something like LCQ.

[markm]

The difficulty never changes, so the more hashing the faster the blocks and at some number of blocks per second the network cannot keep up the branches proliferate orphans abound and so on. Broken by design.

-MarkM-