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Author Topic: [ANN] Hayekcoin | The First Proof of Luck Distribution | Crosschain Issue  (Read 8650 times)
zerocashdev
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June 02, 2015, 02:36:26 AM
 #21

pool?
This Coin is mined by hash collision in dogecoin blockchain, no CPU, GPU or ASIC is needed for mining. We will release a dogecoin block id,
after this block, every body can mine by send coins to a specific address for bet, once collision occur you will get you dogecoins and hayek back to your wallet.



This coin process is pretty cool. I will be following and partaking once the countdown is done. Smiley

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June 02, 2015, 02:40:27 AM
 #22

Dev , Please check PM . thanks
thank you for you professional translation, I have updated the topic. we will pay you in 10000 hayekcoin after launch. when the launch time comes leave your hayekcoin address!

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June 02, 2015, 02:50:00 AM
 #23

Interesting idea but you cant program in the randomness, so POL may not be right for this coin but I am intrigued. I'll be watching.

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June 02, 2015, 03:00:27 AM
 #24

so pretty much it would be gamble if hash get match or not and if it does match what will be the reward ? apology for the tech terms which you used can you explain in easy like 1 match = 1000 hayek

Quote
POL Stage:
If $i=1: Input*8 Dogecoins
If $i=2: Input*40 Dogecoins
If $i=3: Input*200 Dogecoins
but restrict to 40 Million max.
Thus its better send no more than 200 thousands dogecoins per tx to bet when at POL stage
Advised input is 1000 Doge to200000 Doge
Post POL Stage  Your reward:
If $i=1: Input*5 Dogecoins (This level decreased )
If $i=2: Input*40 Dogecoins
If $i=3: Input*200 Dogecoins
If $i=4: Input*1000 Dogecoins (New high level)
If $i=5: Input*10000 Dogecoins (New super level)
If $i=6: Input*100000 Dogecoins (New TOP level)

hayekcoin will calculate the collisiong by compare the md5 hash of the txid generated by you and md5 hash of blockhash generated by miners. If left(md5(txhash),$i)= left(md5(blockhash),$i),($i>0) you will get more dogecoins than your input the bigger $i is the more dogecoins you will have.
 simply,if you send 1 dogecoin to the betting dogecoin addtress
1 match= 8 dogecoins
2 match= 40 dogecoins
3 match= 200 dogecoins
if no match you will get the same betted doegcoin numbers of hayekcoin  at POL stage.
4 match=1000 dogecoins (post POL stage)
5 match=10000 dogecoins (post POL stage)
6 match=100000 dogecoins (post POL stage)


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June 02, 2015, 03:18:12 AM
 #25

Interesting idea but you cant program in the randomness, so POL may not be right for this coin but I am intrigued. I'll be watching.
the randomness was based on hash collision. We know, different string have different hash. But if you lucky enough you may find two different text string have same the hash string. This was a collision. It is very difficult to find two different string have absolute same hash. Based on this, we designed the blockchain based betting. POL is used for hayekcoin distribution,Because blockchain can't fake so that guarantee fairness in distribution.if there was no collision you will get the same betted doegcoin numbers of hayekcoin  at POL stage. if you want get more hayek, the earlier you bet the better.

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June 02, 2015, 04:04:13 AM
 #26

so pretty much it would be gamble if hash get match or not and if it does match what will be the reward ? apology for the tech terms which you used can you explain in easy like 1 match = 1000 hayek

Quote
POL Stage:
If $i=1: Input*8 Dogecoins
If $i=2: Input*40 Dogecoins
If $i=3: Input*200 Dogecoins
but restrict to 40 Million max.
Thus its better send no more than 200 thousands dogecoins per tx to bet when at POL stage
Advised input is 1000 Doge to200000 Doge
Post POL Stage  Your reward:
If $i=1: Input*5 Dogecoins (This level decreased )
If $i=2: Input*40 Dogecoins
If $i=3: Input*200 Dogecoins
If $i=4: Input*1000 Dogecoins (New high level)
If $i=5: Input*10000 Dogecoins (New super level)
If $i=6: Input*100000 Dogecoins (New TOP level)

hayekcoin will calculate the collisiong by compare the md5 hash of the txid generated by you and md5 hash of blockhash generated by miners. If left(md5(txhash),$i)= left(md5(blockhash),$i),($i>0) you will get more dogecoins than your input the bigger $i is the more dogecoins you will have.
 simply,if you send 1 dogecoin to the betting dogecoin addtress
1 match= 2 dogecoins
2 match= 40 dogecoins
3 match= 200 dogecoins
if no match you will get the same betted doegcoin numbers of hayekcoin  at POL stage.
4 match=1000 dogecoins (post POL stage)
5 match=10000 dogecoins (post POL stage)
6 match=100000 dogecoins (post POL stage)



so each 1000 doge sent will get how many chances to match is it going to be one time only or it keep getting matched for multiple times

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June 02, 2015, 04:15:28 AM
 #27

Good idea, but the concept is wrong I believe (or I do not understand)
I need Dogecoins to gamble and I will get a reward from gambling in Dogecoins and/or Hayekcoin.
So why should I buy Hayekcoin? What will create value for this coin?
I supposed I should buy Hayekcoin to gamble, but this is not the case as I see, so people will only sell this coin with very low buy support.

I never lose. Either I win or I learn.
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June 02, 2015, 06:59:13 AM
 #28

so pretty much it would be gamble if hash get match or not and if it does match what will be the reward ? apology for the tech terms which you used can you explain in easy like 1 match = 1000 hayek

Quote
POL Stage:
If $i=1: Input*8 Dogecoins
If $i=2: Input*40 Dogecoins
If $i=3: Input*200 Dogecoins
but restrict to 40 Million max.
Thus its better send no more than 200 thousands dogecoins per tx to bet when at POL stage
Advised input is 1000 Doge to200000 Doge
Post POL Stage  Your reward:
If $i=1: Input*5 Dogecoins (This level decreased )
If $i=2: Input*40 Dogecoins
If $i=3: Input*200 Dogecoins
If $i=4: Input*1000 Dogecoins (New high level)
If $i=5: Input*10000 Dogecoins (New super level)
If $i=6: Input*100000 Dogecoins (New TOP level)

hayekcoin will calculate the collisiong by compare the md5 hash of the txid generated by you and md5 hash of blockhash generated by miners. If left(md5(txhash),$i)= left(md5(blockhash),$i),($i>0) you will get more dogecoins than your input the bigger $i is the more dogecoins you will have.
 simply,if you send 1 dogecoin to the betting dogecoin addtress
1 match= 2 dogecoins
2 match= 40 dogecoins
3 match= 200 dogecoins
if no match you will get the same betted doegcoin numbers of hayekcoin  at POL stage.
4 match=1000 dogecoins (post POL stage)
5 match=10000 dogecoins (post POL stage)
6 match=100000 dogecoins (post POL stage)



so each 1000 doge sent will get how many chances to match is it going to be one time only or it keep getting matched for multiple times

in theory, the first character of md5(txhash) same to that of the md5 of blockhash probability is 1/16, the first and second same probability is 1/256,  so on the probability of collisions n characters is (1/16) ^ n  

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June 02, 2015, 07:14:10 AM
 #29

Yeah
Looks interesting.

How many coins will be in total? (cca)
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June 02, 2015, 07:34:05 AM
 #30

Good idea, but the concept is wrong I believe (or I do not understand)
I need Dogecoins to gamble and I will get a reward from gambling in Dogecoins and/or Hayekcoin.
So why should I buy Hayekcoin? What will create value for this coin?
I supposed I should buy Hayekcoin to gamble, but this is not the case as I see, so people will only sell this coin with very low buy support.
good question!
so what create value for bitcoin?  
the value of bitcoin come from the amount of people who use bitcoin. Similarily,the value of hayekcoin come from the amount of people who bet  dogecoin for it. every Hayekcoin have to pay something.The more people hold hayekcoin,the more value will be .After the POL stage an exchange is needed. Our goal is to make the hayekcoin be an bonus pool backed coin , and make its price gradully increase to a ideal level.
why should you buy Hayekcoin?
becuse the price of Hayekcoin will rise.

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June 02, 2015, 07:41:55 AM
 #31

Yeah
Looks interesting.

How many coins will be in total? (cca)
2.1 billion HAYEK

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June 02, 2015, 08:54:51 AM
 #32

so pretty much it would be gamble if hash get match or not and if it does match what will be the reward ? apology for the tech terms which you used can you explain in easy like 1 match = 1000 hayek

Quote
POL Stage:
If $i=1: Input*8 Dogecoins
If $i=2: Input*40 Dogecoins
If $i=3: Input*200 Dogecoins
but restrict to 40 Million max.
Thus its better send no more than 200 thousands dogecoins per tx to bet when at POL stage
Advised input is 1000 Doge to200000 Doge
Post POL Stage  Your reward:
If $i=1: Input*5 Dogecoins (This level decreased )
If $i=2: Input*40 Dogecoins
If $i=3: Input*200 Dogecoins
If $i=4: Input*1000 Dogecoins (New high level)
If $i=5: Input*10000 Dogecoins (New super level)
If $i=6: Input*100000 Dogecoins (New TOP level)

hayekcoin will calculate the collisiong by compare the md5 hash of the txid generated by you and md5 hash of blockhash generated by miners. If left(md5(txhash),$i)= left(md5(blockhash),$i),($i>0) you will get more dogecoins than your input the bigger $i is the more dogecoins you will have.
 simply,if you send 1 dogecoin to the betting dogecoin addtress
1 match= 2 dogecoins
2 match= 40 dogecoins
3 match= 200 dogecoins
if no match you will get the same betted doegcoin numbers of hayekcoin  at POL stage.
4 match=1000 dogecoins (post POL stage)
5 match=10000 dogecoins (post POL stage)
6 match=100000 dogecoins (post POL stage)



so each 1000 doge sent will get how many chances to match is it going to be one time only or it keep getting matched for multiple times

Of course one time per tx , we calculate the both md5 of the txid and blockhash which you tx were confirmed.

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June 02, 2015, 10:20:53 AM
 #33

Good idea, but the concept is wrong I believe (or I do not understand)
I need Dogecoins to gamble and I will get a reward from gambling in Dogecoins and/or Hayekcoin.
So why should I buy Hayekcoin? What will create value for this coin?
I supposed I should buy Hayekcoin to gamble, but this is not the case as I see, so people will only sell this coin with very low buy support.

After All hayek distribution finished, hayek coin can be considered as  as stock every holders can get bonus from the way you get the bonus is similar to POL stage: import privkey to the dogecoin wallet .it is easy & simple

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June 02, 2015, 02:54:16 PM
 #34

Good idea
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June 02, 2015, 04:20:27 PM
 #35

i made a simlified chinese translation.https://bitcointalk.org/index.php?topic=1076976
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June 02, 2015, 11:59:15 PM
 #36

Yeah
Looks interesting.

How many coins will be in total? (cca)
2.1 billion HAYEK
that's a lot  Huh

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June 03, 2015, 02:28:53 AM
 #37

Yeah
Looks interesting.

How many coins will be in total? (cca)
2.1 billion HAYEK
that's a lot  Huh
all right. the amount of dogecoin is 100 billion,hayek is only 2.1% of dogecoin

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June 03, 2015, 04:47:43 AM
 #38

I LUCK
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June 03, 2015, 01:23:35 PM
 #39

 can not wait launch
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June 04, 2015, 09:11:05 AM
 #40

yahoo
its work!!!!

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