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smith coins
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September 17, 2015, 12:52:23 PM |
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MobileCash (MBL) is an ASIC resistant cryptocurrency using Lyra2REv2 as a proof-of-work algorithm, fully merge-mineable with Vertcoin. Specification:- 1 minute block time - 20 MBL block reward (grace period till block 18144) - 1% annual inflation (recalculated every year) - 1052101444 MBL premine (support for Ripple-like bussiness model) http://mbl.cash/ (more details soon...) Will there be any giveaway for the first users that will use MobileCash ?? I will check this thread time by time for new updates. |
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Sir_Astral
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September 17, 2015, 12:52:25 PM |
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Pure Scam
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jk_14 (OP)
Legendary
 Offline
Activity: 1292
Merit: 1000
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September 17, 2015, 12:58:52 PM |
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Will there be any giveaway for the first users that will use MobileCash ?? I will check this thread time by time for new updates.
No, merge mining is instead. |
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daxiake
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September 17, 2015, 05:50:52 PM |
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smith coins
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September 17, 2015, 08:17:24 PM |
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How much will cost 1 Mobilecash in its first day of launching? really interested.
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hashbrown9000
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September 18, 2015, 02:28:18 AM |
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how many total MBL, including premine?
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Pinkcoin:
ETH:
VTC:
BTC:
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jk_14 (OP)
Legendary
Offline
Activity: 1292
Merit: 1000
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September 18, 2015, 04:01:59 AM |
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how many total MBL, including premine?
Hi, pure math will help us...  from: 1 minute block, 20 MBL reward, 1% annual inflation: 20 x 1440 x 365.25 = 10519200 MBL mined per year should be 1% of all so after first year will be: 1051920000 + 10519200 = 1062439200 (and 1052101444 value - is because of initial grace period distortion) after second year: 1062439200 + 10624392 = ... and so on... 1% annual inflation is set for being below the standard fiat inflation |
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jk_14 (OP)
Legendary
Offline
Activity: 1292
Merit: 1000
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September 18, 2015, 08:29:52 AM |
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How much will cost 1 Mobilecash in its first day of launching? really interested.
let's assume an airdrop distribution case, _very rough_ approximation: Auroracoin, 10M airdropped, current price: 7,5k sat => ~75sat |
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adoalli
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September 18, 2015, 09:00:09 AM |
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jk_14 (OP)
Legendary
Offline
Activity: 1292
Merit: 1000
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September 18, 2015, 10:10:10 AM |
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"There were 100000000000 XRP created at Ripple's inception" ( http://tiny.pl/gmrcd ) |
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jwinterm
Legendary
 Online
Activity: 3010
Merit: 1103
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September 18, 2015, 01:36:09 PM |
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Ripple also introduced a completely new consensus technology (I'm not defending Ripple, but at least they've got that going for them). You're just launching a mega premined shitcoin and trying to give it some legitimacy by merge mining with one of the older, more respected cryptos. |
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GriffinHeart
Full Member
Offline
Activity: 182
Merit: 100
Hello there!
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September 18, 2015, 01:51:08 PM |
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Come on!
This isn't even close to a professional job, just another pump 'n dump.
Another shitcoin, stealing another name from the board.
Y U DO DIS @OP?
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Hi there, I'm from South Africa.
This means I'm poor, I guess.
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smith coins
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September 18, 2015, 02:29:06 PM |
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The Ripple also had lots of STR at their start, check in their website, when is estimated the next update? |
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jk_14 (OP)
Legendary
Offline
Activity: 1292
Merit: 1000
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September 18, 2015, 02:55:22 PM |
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patronis
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September 18, 2015, 06:29:44 PM |
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Accusing from the beggining that it WILL be a shitty , p&d scamcoin is wrong. JK siad its gonna be something like a "ripple project" , so saying that it could make sense why such a big amount of premined coins. Lets just wait and see how the project develops.
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Liquid71
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September 18, 2015, 11:55:10 PM |
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Pure Scam
yeah cause scammers avoid IPO, ICO, and PoS, they usually start with merge mined coins with no way to cheat...those crafty scammers. JK is an upstanding member of the community, and his nvidia mining linux distro kopieumtu is used by many of us in the community. He made it available to the community free of charge, no scam, and helped many of us not familiar with linux mine with our 750ti cards. If anything he raised the difficulty on coins he was mining himself like vertcoin, it would have been to his benefit to keep kopieumtu to himself and not release it to the community. He got nothing out of it, so kind of hard to see how he'd create a merge mined coin to scam the community he has already contributed so much to... Seriously think a lot of posts in the alt forums are just from scammers pumping their scam shitcoin and trashing legit alts.  |
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jwinterm
Legendary
Online
Activity: 3010
Merit: 1103
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September 19, 2015, 12:18:11 AM |
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Pure Scam
yeah cause scammers avoid IPO, ICO, and PoS, they usually start with merge mined coins with no way to cheat...those crafty scammers. JK is an upstanding member of the community, and his nvidia mining linux distro kopieumtu is used by many of us in the community. He made it available to the community free of charge, no scam, and helped many of us not familiar with linux mine with our 750ti cards. If anything he raised the difficulty on coins he was mining himself like vertcoin, it would have been to his benefit to keep kopieumtu to himself and not release it to the community. He got nothing out of it, so kind of hard to see how he'd create a merge mined coin to scam the community he has already contributed so much to... Seriously think a lot of posts in the alt forums are just from scammers pumping their scam shitcoin and trashing legit alts. His premine will take 95 years before the coins emitted through PoW match the premine. He will control more than 90% of coin supply for more than 10 years. Yea, it's nice that he refitted PiMP or BAMT to work with nvidia cards, but why does that make the premise of this coin any less shitty. He promised on reddit some killer feature and that he will distribute his enormous premine, but he gave no indication of what said feature is, and why make a premine just to distribute if you're making a PoW merge-mineable coin? Why not just let the PoW be the distribution? Why trust a single person with practically all the coins that will be in existence for decades, and approximately half the coins that will exist in 100 years? Seems like a scam, or an incredibly stupid design decision if you want to give him the benefit of the doubt. |
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jk_14 (OP)
Legendary
Offline
Activity: 1292
Merit: 1000
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September 19, 2015, 05:52:36 AM |
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He promised on reddit some killer feature and that he will distribute his enormous premine, but he gave no indication of what said feature is, and why make a premine just to distribute if you're making a PoW merge-mineable coin? Why not just let the PoW be the distribution?
Whole premine will be distributed. If I will want to have my own MBL - I will mine it or buy it, too. There are reasonable answers for your reasonable questions, you will see it in some not far future. I will describe the whole picture then (even if the business part - what is much more important here than technical part - will fail, from any reason...) |
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provenceday
Legendary
Offline
Activity: 1148
Merit: 1000
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September 19, 2015, 08:55:23 AM |
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too many premine..
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